Integrated Filing-Governance



General information about company

Scrip Code 543187
NSE Symbol POWERINDIA
MSEI Symbol NOTLISTED
ISIN INE07Y701011
Name of the entity HITACHI ENERGY INDIA LIMITED
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Reporting Quarter Quarterly
Date of Quarter Ending 30-Jun-2025
Type of company Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? No
Reason For Part C Of Annexure I Disclosure Of Acquisition Of Shares OrVotingRightsInUnlistedCompaniesIsNotApplicableToTheEntity The Company has not acquired shares or voting rights in unlisted Company therefore it is not applicable during the quarter and year ended June 30, 2025.
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? Yes
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? Yes
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity?
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 500 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID COMZ00713
Reason For No SCORE ID
Type of Submission Original
Remarks (website dissemination)



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO No Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN
1 Mr. MUKESH HARI BUTANI 01452839 Non-Executive - Independent Director Not Applicable 02-May-1964 No Active NA 24-Dec-2019 24-Dec-2022 66.08 6 5 8 5
2 Ms. AKILA KRISHNAKUMAR 06629992 Non-Executive - Independent Director Not Applicable 31-Mar-1962 No Active NA 24-Dec-2019 24-Dec-2022 66.08 4 4 2 0
3 Ms. MEENA GANESH 00528252 Non-Executive - Independent Director Not Applicable 31-Aug-1963 No Active NA 24-May-2023 24-May-2023 25.08 4 4 5 1
4 Mr. NUGURI VENU 07032076 Executive Director Not Applicable CEO-MD 17-Sep-1965 No Active NA 02-Dec-2019 02-Dec-2022 1 0 2 0
5 Mr. ACHIM MICHAEL BRAUN 08596097 Non-Executive - Non Independent Director Chairperson related to Promoter 20-Feb-1969 No Active NA 25-Feb-2021 25-Feb-2021 1 0 0 0 Textual Information(1)
6 Mr. ISMO ANTERO HAKA 08598862 Non-Executive - Non Independent Director Not Applicable 16-May-1963 No Active NA 25-Feb-2021 25-Feb-2021 1 0 1 0 Textual Information(2)



Text Block
Textual Information(1) PAN details of Mr. Achim Michael Braun is not provided because he is a foreign national.
Textual Information(2) PAN details of Mr. Ismo Antero Haka is not provided because he is a foreign national.



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory



Audit Committee Details
Whether the Audit Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 01452839 MUKESH HARI BUTANI Non-Executive - Independent Director Chairperson 24-Dec-2019
2 06629992 AKILA KRISHNAKUMAR Non-Executive - Independent Director Member 24-Dec-2019
3 00528252 MEENA GANESH Non-Executive - Independent Director Member 24-May-2023
4 07032076 NUGURI VENU Executive Director Member 24-Dec-2019



Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 06629992 AKILA KRISHNAKUMAR Non-Executive - Independent Director Chairperson 24-Dec-2019
2 01452839 MUKESH HARI BUTANI Non-Executive - Independent Director Member 24-May-2023
3 08596097 ACHIM MICHAEL BRAUN Non-Executive - Non Independent Director Member 26-Feb-2021



Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00528252 MEENA GANESH Non-Executive - Independent Director Chairperson 24-May-2023
2 01452839 MUKESH HARI BUTANI Non-Executive - Independent Director Member 24-Dec-2019
3 07032076 NUGURI VENU Executive Director Member 24-Dec-2019
4 08598862 ISMO ANTERO HAKA Non-Executive - Non Independent Director Member 26-Feb-2021



Risk Management Committee
Whether the Risk Management Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 01452839 MUKESH HARI BUTANI ID Chairperson 24-Dec-2019
2 00528252 MEENA GANESH ID Member 24-May-2023
3 08598862 ISMO ANTERO HAKA NED Member 26-Feb-2021
4 07032076 NUGURI VENU ED Member 24-Dec-2019
5 99999999 AJAY SINGH 8 Member 24-Dec-2019



Annexure 1
III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Notes for not providing Date Whether requirement of Quorum met (Yes/No) Total Number of Directors as on date of the meeting Number of Directors present* (All directors including Independent Director) No. of Independent Directors attending the meeting*
1 18-Jan-2025 Yes 6 6 3
2 29-Jan-2025 10 Yes 6 6 3
3 14-May-2025 104 Yes 6 6 3



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1 Stakeholders Relationship Committee 29-Jan-2025 Yes 4 4 2 0
2 Stakeholders Relationship Committee 14-May-2025 104 Yes 4 4 2 0
3 Audit Committee 29-Jan-2025 Yes 4 4 3 0
4 Audit Committee 14-May-2025 104 Yes 4 4 3 0
5 Nomination and remuneration committee 14-May-2025 61 Yes 3 3 2 0
6 Risk Management Committee 14-May-2025 Yes 4 4 2 1



Annexure 1
VI. Affirmations
Sr Subject Compliance status (Yes/No)
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee Yes
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee Yes
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee Yes
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) Yes
6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. Yes
7 The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors. Yes
9 Any comments/observations/advice of Board of Directors may be mentioned here:



Annexure 1
Sr Subject Compliance status
1 Name of signatory Poovanna Ammatanda
2 Designation Company Secretary and Compliance Officer



Details of Cyber security incidence
Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter No
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr Date of the event Brief details of the event



Signatory Details
Name of signatory Poovanna Ammatanda
Designation of person Company Secretary and Compliance Officer
Place Bengaluru
Date 10-Jul-2025


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 0
No. of investor complaints received during the Quarter 3
No. of investor complaints disposed off during the Quarter 3
No. of investor complaints those remaining unresolved at the end of the Quarter 0


Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies-
The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below
Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies
Sr. No. Name of the unlisted company in which shares or voting rights have been acquired Date of acquisition Aggregate holding (% shares or voting rights) as at the end of the previous quarter % shares or voting rights acquired during the quarter Aggregate holding (% shares or voting rights) as at the end of the quarter


Disclosure of Imposition of Fine or Penalty
The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:
Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr. No. Name of the authority Nature and details of the action(s) taken or order(s) passed Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority Details of the violation(s)/ contravention(s) committed or alleged to be committed Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible
1 Court of the Chief Judicial Magistrate, Begusarai The Company has received the complaint from the office of the Labour Enforcement Officer for alleged Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996 (“BOCW Act”) for breach of Rule 226, 227 & 228 for health & welfare Rule 46 for safety organization Accordingly Rs. 4000 fine was imposed for violation of the same. 19-Mar-2024 The Company has received the complaint from the office of the Labour Enforcement Officer for alleged Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996 for breach of Rule 226, 227 & 228 for health & welfare Rule 46 for safety organization. The Company has initially received a show cause notice dated September 4, 2023 (“SCN”) pursuant to an inspection conducted on August 29, 2023 by the Labour Enforcement Officer, Patna (“Labour Officer”) at a premises of a third party wherein our Company was appointed to undertake contract work. During the Inspection certain irregularities in relation to compliance with BOCW Act were observed. In our reply dated September 14, 2023 to the SCN we claimed non-applicability of the BOCW Act. Subsequently, a prosecution/complaint dated April 3, 2024 was filed by the Labour Officer before the Chief Judicial Magistrate, Begusarai (“CJM”) under the BOCW Act. However, the Company had not received any formal summons from the CJM court. Further, during the month of March 2025, the Company on voluntary basis approached the CJM court for any pending litigations in this regard. Based on this approach, the Company has taken necessary actions towards resolution of this case. Accordingly, the Company has paid the fine of Rs. 4000 on May 10, 2025 and the case has been closed. Rs. 4000 fine has been paid by the Company on May 10, 2025 and case has been closed.
2 Court of the Chief Judicial Magistrate, Begusarai The Company has received the complaint from the office of the Labour Enforcement Officer for alleged Contract Labour (Regulation & Abolition) Act, 1970 for breach of Rule 81(1)(i) for display of notices, Sec-19 read with Rules 58-61 for medical facilities and; Rule 76(ii) pertaining to working conditions Accordingly Rs. 4000 fine was imposed for violation of the same. 28-Jul-2021 The Company has received the complaint from the office of the Labour Enforcement Officer for alleged Contract Labour (Regulation & Abolition) Act, 1970 for breach of Rule 81(1)(i) for display of notices, Sec-19 read with Rules 58-61 for medical facilities and; Rule 76(ii) pertaining to working conditions The Company has initially received a show cause notice dated December 07, 2021 pursuant to an inspection conducted on November 26, 2021 by the Labour Enforcement Officer, Patna at a premises of a third party wherein our Company was appointed to undertake contract work. During the Inspection certain irregularities in relation to compliance with the Contract Labour (Regulation & Abolition) Act, 1970 & Central Rules, 1971 were observed. In our reply dated December, 15, 2021, we informed to the authority that appropriate compliances are made in place and requested to drop the further proceedings on the reference notice. Subsequently, a complaint dated July, 28, 2021 was filed before the Chief Judicial Magistrate, Begusarai (“CJM”) by the Labour Officer under the Contract Labour (Regulation & Abolition) Act, 1970. However, the Company had not received any formal summons from the CJM court. Further, during the month of March 2025 the Company on voluntary basis approached the CJM court for any pending litigations in this regard. Based on this approach, the Company has taken necessary actions towards resolution of this case. Accordingly the Company has paid the fine of Rs. 4000 on May 10, 2025 and the case has been closed. Rs. 4000 fine has been paid by the Company on May 10, 2025 and case has been closed.
3 Court of the Chief Judicial Magistrate, Begusarai The Company has received the compliant from the office of the Labour Enforcement Officer for alleged Contract Labour (Regulation & Abolition) Act, 1970, for breach of Rule-25(2) pertaining to notices, Rule-82(1) for Unified Annual Returns, Rule-78(1)(a)(ii) for maintenance of register and records, Sec-18 read with Rule-40 & 51 to 57 for health and welfare, Rule - 58 to 61 for medical facilities, Rule - 78 for not issuing the wage slip/wage book to workmen Accordingly Rs. 6000 fine was imposed for violation of the same. 29-Nov-2023 The Company has received the compliant from the office of the Labour Enforcement Officer for alleged Contract Labour (Regulation & Abolition) Act, 1970, for breach of Rule-25(2) pertaining to notices, Rule-82(1) for Unified Annual Returns, Rule-78(1)(a)(ii) for maintenance of register and records, Sec-18 read with Rule-40 & 51 to 57 for health and welfare, Rule - 58 to 61 for medical facilities, Rule - 78 for not issuing the wage slip/wage book to workmen The Company has initially received a show cause notice dated September 04, 2023 by the Labour Enforcement Officer, Patna pursuant to an inspection conducted at the premises of third party wherein our Company was appointed to undertake contract work. During the inspection certain irregularities in relation to CLRA was observed. In our reply, we informed to the authority that appropriate compliances are made in place and requested to drop the further proceedings on the reference notice. Subsequently, a complaint was filed before the Chief Judicial Magistrate, Begusarai (“CJM”) by the Labour Officer under the Contract Labour (Regulation & Abolition) Act, 1970. However, the Company had not received any formal summons from the CJM court. Further, during the month of March 2025, the Company on voluntary basis approached the CJM court for any pending litigations in this regard. Based on this approach, the Company has taken necessary actions towards resolution of this case. Accordingly the Company has paid the fine of Rs. 6000 on May 10, 2025 and the case has been closed. Rs. 6000 fine has been paid by the Company on May 10, 2025 and case has been closed.
4 Court of the Chief Judicial Magistrate, Barmer, Rajasthan The Company has received the complaint from the office of the Labour Enforcement Officer for alleged Contract Labour (Regulation & Abolition) Act, 1970, for breach of Rule 81(1)(i) - Display of notice in Hindi and English at the work place. Rule 71 - Display of notice showing the wage period at workplace. Rule 79 - Display of the summaries of the Acts and Rules at the workplace. Rule 75 read with 80(1) - Maintenance of employee register (Form A). Rule 78 (1)(a)(i) and (iii) - Maintenance of Wage Register (Form B). Rules 3,4,6,17,19 and 19(3) - Maintenance of register for loan/recoveries in Form C. Rule 78(1)(a)(i) - Maintenance of attendance register (Form D). Rule 76(i) - Non-issuance of employment cards by the contractor (Form 12(xii). Rule 78(1)(b) - Non-issuance of wage slips to workers. Accordingly the Company has paid the fine of Rs. 1000 and the case has been closed. 21-Mar-2022 The Company has received the complaint from the office of the Labour Enforcement Officer for alleged Contract Labour (Regulation & Abolition) Act, 1970, for breach of Rule 81(1)(i) - Display of notice in Hindi and English at the work place. Rule 71 - Display of notice showing the wage period at workplace. Rule 79 - Display of the summaries of the Acts and Rules at the workplace. Rule 75 read with 80(1) - Maintenance of employee register (Form A). Rule 78 (1)(a)(i) and (iii) - Maintenance of Wage Register (Form B). Rules 3,4,6,17,19 and 19(3) - Maintenance of register for loan/recoveries in Form C. Rule 78(1)(a)(i) - Maintenance of attendance register (Form D). Rule 76(i) - Non-issuance of employment cards by the contractor (Form 12(xii). Rule 78(1)(b) - Non-issuance of wage slips to workers. The Company has initially received a show cause notice dated March 21, 2022 pursuant to an inspection conducted by the Labour Enforcement Officer, Jodhpur at the premises of third party wherein our Company was appointed to undertake contract work. During the inspection certain irregularities in relation to Minimum Wages Act, 1948, Contract Labour (Regulation and Abolition) Act, 1970, The Building and Other Construction Workers (Regulation of Employment and Condition of Services) Act, 1996, Payment of Gratuity Act, 1972 were observed. In our reply, we informed to the authority that appropriate compliances were already complied & in place during the inspection and requested to drop further proceedings on the reference notice. Subsequently, a complaint was filed before the Chief Judicial Magistrate, Barmer under the CLRA Act. However, the Company had not received any formal summons from the CJM court. Further, during the month of March 2025, the Company on voluntary basis approached the CJM court for any pending litigations in this regard. Based on this approach, the Company has taken necessary actions towards resolution of this case. Accordingly the Company has paid the fine of Rs. 1000 on June 06, 2025 and the case has been closed. Rs. 1000 fine has been paid by the Company on June 06, 2025 and case has been closed.
5 Office of The Chief Labour Commissioner(Central) and Director General (Inspections) Under BOCW Act 1996, Shramev Jayate Bhawan, G-4, Sector-10 Dwarka, New Delhi-110075 The Company has received the complaint from the office of the Labour Enforcement Officer for alleged Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996 (“BOCW Act”) for breach of Rule 241(5) - Display of abstract of Acts or Rules in English and Hindi. Rule 242(1) - Annual Return not filed within timeline. Accordingly the Company has paid the fine of Rs. 2000 and the case has been closed. 15-May-2025 The Company has received the complaint from the office of the Labour Enforcement Officer for alleged Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996 (“BOCW Act”) for breach of Rule 241(5) - Display of abstract of Acts or Rules in English and Hindi. Rule 242(1) - Annual Return not filed within timeline. An inspection notice was issued on October 11, 2023 under Contract Labour (Regulation & Abolition) Act, 1970, Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996 (“BOCW Act”), Child Labour (Prohibition & Regulation) Act, 1986, Minimum Wages Act, 1948, Payment of Bonus Act, 1965 and Payment of Gratuity Act, 1972, for which reply was submitted on October 26, 2023. Subsequently, a show cause notice dated November 02, 2023 was issued which was not received by the Company. Another show cause notice was issued on July 19, 2024 for which physical submission of reply in addition to online was done on August 01, 2024. However, a complaint was filed before the Chief Judicial Magistrate, Raipur under BOCW Act. Accordingly the Company has paid the fine of Rs. 2000 on May 23, 2025 and the case has been closed. Rs. 2000 penalty paid by the Company on May 23, 2025 and notice has been closed.


Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr. No. Name of the opposing party Date of initiation of the litigation / dispute Status of the litigation / dispute as per last disclosure Current status of the litigation / dispute
1 Assistant Commissioner of Commercial Taxes, Bengaluru 19-Aug-2024 In respect of Q3 and Q4 of FY 2022-23 (Karnataka), refund claim of INR 22.3 Crores has been rejected by Assistant Commissioner of Commercial Taxes, Bengaluru. Goods and Service Tax (GST) Authority contends that in respect of reverse charge GST paid on import of services, no refund can be claimed since such imported services are not for furtherance of business. The Company filed an Appeal on November 19, 2024 before Joint Commissioner of Commercial Taxes, Bengaluru, but the same has been rejected vide order dated December 31, 2024, which was received by the Company on March 14, 2025. Awaiting the formation of Goods and Service Tax Tribunal for filing appeals against the Joint Commissioner of Commercial Taxes (Appeals) order. The Company has filed a writ petition on April 24, 2025, before the High Court of Karnataka against the appellate order passed by the Joint Commissioner of Commercial Taxes (Appeals). The High Court accepted the Company’s submissions and directed the Joint Commissioner to issue a fresh order based on the merits of the case.
2 Deputy Commissioner of Commercial Taxes, Vadodara 17-May-2023 In respect of Q3 & Q4 of FY 2020-21, Input Tax Credit (ITC) refund of INR 10.88 crores was received. Subsequently, pursuant to internal review by Goods and Service Tax (GST) authorities, they filed an appeal before Additional Commissioner of GST seeking to deny the refund. The Company filed an Appeal on August 16, 2023 before Additional Commissioner (Appeals), Vadodara and the same has been rejected on October 27, 2023. Writ Petitions have also been filed before Gujarat High Court against such rejections. The Writ Petitions have been admitted by Gujarat High Court and notice has been issued to the Department for submitting response. The Company is awaiting the Hearing date for furtherance of proceeding. Hearing date for furtherance of proceeding is scheduled on July 10, 2025.
3 Deputy Commissioner of Commercial Taxes, Vadodara 17-May-2023 In respect of Q1 of FY 2021-22, Input Tax Credit (ITC) refund of INR 12.08 crores was received. Subsequently, pursuant to internal review by Goods and Service Tax (GST) authorities, they filed an appeal before Additional Commissioner of GST seeking to deny the refund. The Company filed an Appeal on August 16, 2023 before Additional Commissioner (Appeals), Vadodara and the same has been rejected on October 27, 2023. The Company also filed Writ Petitions before Gujarat High Court against such rejections. The Writ Petitions have been admitted by Gujarat High Court and notice has been issued to the Department for submitting response. The Company is awaiting the Hearing date for furtherance of proceeding. Hearing date for furtherance of proceeding is scheduled on July 10, 2025.
4 Assistant Commissioner of Goods and Service Tax, Nan-danam, Chennai 27-Feb-2025 The Company has received an order from Assistant Commissioner (State Tax), Nandambakkam Assessment Circle, Chennai, Tamil Nadu (“GST Authority”) based on GST Assessment for the FY 2020-21 with the demand of Penalty of Rs. 74,91,593/- under applicable provisions of the Central Goods and Services Tax Act, 2017, the Integrated Goods & Services Tax Act, 2017, the Tamil Nadu Goods & Services Tax Act, 2017 and rules made thereunder. There is a total demand of INR 13.45 Crores (GST – INR 7.49 Crore plus interest & penalty – INR 5.96 Crores). The Company has received the order from the aforesaid authorities for alleged excess availment of Input Tax Credit (ITC) in GSTR-3B returns. Based on assessment of facts and prevailing law, the Company is of the view that the penalty levied is, arbitrary, unjustified and unsustainable in law. The Company will file necessary appeal with the appellate authority in this regard within the permissible timeline. The Company has filed an appeal before Deputy Commissioner of State Taxes, Chennai on May 27, 2025 against the order passed by Assistant Commissioner of GST, Nandanam, Chennai.
5 Assessing officer / Dispute Resolution Panel 06-Jul-2024 The assessment proceedings for FY 2019-20 was completed and the Assessing Officer had issued draft assessment order (instead of issuing the final order). Against the draft assessment order, the Company filed an application before the Dispute Resolution Panel (DRP) and the DRP confirmed the assessment. Since the directions provided by DRP were against the provisions of law, the Company filed a Writ Petition before honourable High Court of Karnataka. The High Court passed an interim order on July 10, 2024 and stayed further proceedings relating to this assessment. The tax amount under litigation is INR 38.28 crores. Accordingly, the hearing on merits is awaited. There is no update during the quarter ended June 30, 2025.
6 Assistant Commissioner of Commercial Taxes, Bengaluru 02-Sep-2024 The Company received an order from GST authorities in respect of GST audit conducted for Karnataka in relation to FY 2019-20. There is tax demand of INR 46.29 Crore (GST – INR 24.41 Crore plus interest & penalty – INR 21.87 Crore). The Company filed an Appeal on December 2, 2024 before Joint Commissioner of Commercial Taxes, Bengaluru. Hearing for appeal filed on December 2, 2024 before Joint Commissioner of Commercial Taxes, Bengaluru is concluded. The Company awaits the order. The Appeal filed on on December 2, 2024, before Joint Commissioner of Commercial Taxes, Bengaluru, has been rejected on March 11, 2025. Accordingly, awaiting the formation of Goods and Service Tax Tribunal for filing appeals against the Joint Commissioner of Commercial Taxes (Appeals) order. There is no update during the quarter ended June 30, 2025.
7 Assistant Commissioner of Commercial Taxes, Bengaluru 02-Mar-2022 Post de-merger, non-novated transactions were carried out with ABB India Limited ('ABB') in FY 2019-20 & FY 2020-21 and offshore sales by transfer of documents of title to the goods were transacted. The goods moved from a country (other than India) and where destined for Nepal / Bangladesh / Sri Lanka. While raising invoice on ABB we had charged GST. However, since these transactions were carried out entirely outside India, no GST should have been charged. Accordingly, The Company had issued credit Note to ABB and lodged refund claim of INR 14.41 Crores with GST authorities. The Company filed an Appeal on June 3, 2022 before Joint Commissioner of Commercial Taxes, Bengaluru and same was rejected on December 26, 2023 and September 24, 2024. Awaiting the formation of Goods and Service Tax Tribunal for filing appeals against the Joint Commissioner of Commercial Taxes (Appeals) order. There is no update during the quarter ended June 30, 2025.
8 Deputy Commissioner of Commercial Taxes, Vadodara 28-Oct-2023 In respect of Q2 FY 2022-23, refund claim of INR 19.39 Crores has been rejected by Deputy Commissioner of Commercial Taxes, Vadodara. The Company is eligible for refund in respect of export turnover of both goods and services. However, turnover relating to services was not considered by tax authorities. Further, Input Tax Credit (ITC) amount was considered as NIL in refund computation. Accordingly, the Company filed an Appeal on January 24, 2024 before Additional Commissioner (Appeals), Vadodara and the same has been rejected on October 25, 2024. Awaiting the formation of Goods and Service Tax Tribunal for filing appeal against the order. There is no update during the quarter ended June 30, 2025.
9 Deputy Commissioner of Commercial Taxes, Vadodara 03-Nov-2023 In respect of Q3 & Q4 of FY 2021-22, Input Tax Credit (ITC) refund of INR 10.51 crores was received. Subsequently, pursuant to internal review by Goods and Service Tax authorities, they filed an appeal before Additional Commissioner of GST seeking to deny the refund. The Company filed cross objection on April 17, 2024 before Additional Commissioner (Appeals), Vadodara and the same has been rejected on October 25, 2024. Awaiting the formation of Goods and Service Tax Tribunal for filing appeal against the order. There is no update during the quarter ended June 30, 2025.