Integrated Filing-Governance



General information about company

Scrip Code 539118
NSE Symbol VRLLOG
MSEI Symbol NOTLISTED
ISIN INE366I01010
Name of the entity VRL LOGISTICS LIMITED
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Reporting Quarter Yearly
Date of Quarter Ending 31-Mar-2026
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 No such declaration is necessary as no aquisation of shares or voting rights was taken place in the Unlisted Companies by the Company.
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? No
Reason For Part F Of Annexure I Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Not Applicable To The Entity No deisclosure is required as there was no loans/guarantees/comfort letters/security given directly or indirectly to the Directors or their relatives or entity in which directors or thier relatives interested
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 1000 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID v392
Reason For No SCORE ID
Type of Submission New
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 Yes 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. VIJAY BASAVANNEPPA SANKESHWAR 00217714 Executive Director Chairperson related to Promoter MD 02-Aug-1950 No Active NA 15-Jun-2005 01-Jan-2022 1 0 0 0
2 Mr. ANAND VIJAY SANKESHWAR 00217773 Executive Director Not Applicable MD 14-Nov-1974 No Active NA 19-Jun-2007 01-Apr-2024 1 0 0 0
3 Mr. SHIVA A SANKESHWAR 09236519 Non-Executive - Non Independent Director Not Applicable 05-Aug-2001 No Active NA 18-Jan-2024 06-Aug-2025 1 0 0 0
4 Mr. RAMANAND LAXMINARAYAN BHAT 01875068 Executive Director Not Applicable 27-Jan-1959 No Active NA 04-Aug-2017 04-Aug-2022 1 0 0 0
5 Mr. SHANKAR VASANTRAO PINGE 10847936 Non-Executive - Independent Director Not Applicable 16-Jul-1960 No Active NA 19-Feb-2025 19-Feb-2025 13 1 1 2 1
6 Mr. SHANTILAL DHANRAJ JAIN 00571902 Non-Executive - Independent Director Not Applicable 18-Aug-1954 No Active NA 07-Aug-2023 07-Aug-2023 32 1 1 2 1
7 Mr. VIRUPAXAGOUDA ANNADANAGOUDA PATIL 10395538 Non-Executive - Independent Director Not Applicable 01-Jul-1952 No Active NA 01-Apr-2024 01-Apr-2024 24 1 1 0 0
8 Mr. VINAY JWALAKUMAR JAVALI 00589315 Non-Executive - Independent Director Not Applicable 18-Aug-1956 No Active NA 01-Apr-2024 01-Apr-2024 24 1 1 1 0
9 Mrs. SHAILAJA SHIVASHANKAR AMBLI 10393506 Non-Executive - Independent Director Not Applicable 18-Jul-1956 No Active NA 18-Jan-2024 18-Jan-2024 26 1 1 0 0
10 Mr. D V GURUPRASAD 01558266 Non-Executive - Independent Director Not Applicable 10-Jul-1951 No Active Yes 15-Jan-2025 19-Feb-2025 19-Feb-2025 13 1 1 0 0
11 Mr. ASHOK SHIVAYOGAPPA SHETTAR 07038714 Non-Executive - Non Independent Director Not Applicable 26-Jun-1958 No Active NA 08-Aug-2015 06-Aug-2025 1 0 0 0
12 Mr. RAGHOTTAM HANUMANTACHARYA AKAMANCHI 07038738 Non-Executive - Non Independent Director Not Applicable 17-Apr-1964 No Active NA 19-Feb-2015 05-Aug-2024 1 0 1 0



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 00571902 SHANTILAL DHANRAJ JAIN Non-Executive - Independent Director Chairperson 06-Nov-2023
2 10847936 SHANKAR VASANTRAO PINGE Non-Executive - Independent Director Member 19-Feb-2025
3 00589315 VINAY JWALAKUMAR JAVALI Non-Executive - Independent Director Member 23-Nov-2024



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 00571902 SHANTILAL DHANRAJ JAIN Non-Executive - Independent Director Chairperson 06-Nov-2023
2 01558266 D V GURUPRASAD Non-Executive - Independent Director Member 19-Feb-2025
3 07038714 ASHOK SHIVAYOGAPPA SHETTAR Non-Executive - Non Independent Director Member 02-Nov-2015
4 10393506 SHAILAJA SHIVASHANKAR AMBLI Non-Executive - Independent Director Member 05-Feb-2025



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 10847936 SHANKAR VASANTRAO PINGE Non-Executive - Independent Director Chairperson 19-Feb-2025
2 00571902 SHANTILAL DHANRAJ JAIN Non-Executive - Independent Director Member 06-Nov-2023
3 07038738 RAGHOTTAM HANUMANTACHARYA AKAMANCHI Non-Executive - Non Independent Director Member 03-Nov-2018



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 00217714 VIJAY BASAVANNEPPA SANKESHWAR ED Chairperson 09-Feb-2019
2 01875068 RAMANAND LAXMINARAYAN BHAT ED Member 09-Feb-2019
3 01558266 D V GURUPRASAD ID Member 19-Feb-2025
4 99999999 SUNIL NALAVADI CFO Member 09-Feb-2019 Textual Information(1)
5 99999999 RAGHAVENDRA MALGI Vice President - Accounts Member 09-Feb-2019 Textual Information(2)



Text Block
Textual Information(1) Mr. Sunil Nalavadi is Chief Finance Officer of the Company and is appointed as a member of the Risk Management Committee
Textual Information(2) Mr. Raghavendra Malgi is Vice President - Accounts of the Company and is appointed as a member of the Risk Management Committee



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 03-Nov-2025 Yes 12 11 6
2 05-Feb-2026 93 Yes 12 12 6



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 Audit Committee 03-Nov-2025 Yes 3 3 3 0
2 Audit Committee 05-Feb-2026 93 Yes 3 3 3 0
3 Nomination and remuneration committee 03-Nov-2025 Yes 4 3 2 0
4 Nomination and remuneration committee 05-Feb-2026 93 Yes 4 4 3 0
5 Risk Management Committee 06-Dec-2025 Yes 5 5 1 2
6 Risk Management Committee 05-Feb-2026 60 Yes 5 5 1 2
7 Stakeholders Relationship Committee 05-Feb-2026 Yes 3 3 2 0



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 ANIRUDDHA PHADNAVIS
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



Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)
I. Disclosure on website in terms of LODR Regulation
Sr Item Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here. Web address
1.1 Details of business Yes https://vrlgroup.in/vrl_group_home.aspx
1.2 Memorandum of Association and Articles of Association Yes https://vrlgroup.in/investor_download/VRL_MOA_and_AOA_certified_publish_on_08_10_2025.pdf
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://vrlgroup.in/directors.aspx
2 Terms and conditions of appointment of independent directors Yes https://vrlgroup.in/investor_download/Terms%20of%20Appointment%20of%20Independent%20Director_2.pdf
3 Composition of various committees of board of directors Yes https://vrlgroup.in/vrl_investors_desk.aspx?display=board_committees
4 Code of conduct of board of directors and senior management personnel Yes https://vrlgroup.in/investor_download/Code_of_Conduct.pdf
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://vrlgroup.in/vigil_policy.aspx
6 Criteria of making payments to non-executive directors Yes https://vrlgroup.in/investor_download/Nomination_Remuneration%20Policy.pdf
7 Policy on dealing with related party transactions Yes https://vrlgroup.in/investor_download/Policy_on_Related_Party_Transactions.pdf
8 Policy for determining material subsidiaries NA
9 Details of familiarization programmes imparted to independent directors Yes https://vrlgroup.in/investor_download/Familiarisation%20Programme%20for%20Independent%20Directors.pdf
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://vrlgroup.in/vrl_investors_desk.aspx?display=compliance_officer
11 Email address for grievance redressal and other relevant details Yes https://vrlgroup.in/vrl_investors_desk.aspx?display=nodal_officer
12 Financial results Yes https://vrlgroup.in/vrl_investors_desk.aspx?display=finance_q_results
13 Shareholding pattern Yes https://vrlgroup.in/vrl_investors_desk.aspx?display=share_holding
14 Details of agreements entered into with the media companies and/or their associates No No such agreements executed
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet Yes https://vrlgroup.in/vrl_investors_desk.aspx?display=presentation
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://vrlgroup.in/vrl_investors_desk.aspx?display=investor_concall
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://vrlgroup.in/vrl_investors_desk.aspx?display=advertisements
18 Credit rating or revision in credit rating obtained Yes https://vrlgroup.in/vrl_investors_desk.aspx?display=exchange_filings
19 Separate audited financial statements of each subsidiary of the listed entity NA
20 Secretarial compliance report Yes https://vrlgroup.in/investor_download/Annual_Secretarial_Compliance_Report_for_FY_2024_25.pdf
21 Materiality policy as per regulation 30 (4) Yes https://vrlgroup.in/investor_download/Policy%20for%20disclosure%20requirements%20-%20revision.pdf
22 Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) Yes https://vrlgroup.in/vrl_investors_desk.aspx?display=presiding_officer
23 Disclosures under regulation 30(8) Yes https://vrlgroup.in/investor_download/Policy%20for%20disclosure%20requirements%20-%20revision.pdf
24 Statements of deviation(s) or variations(s) as specified in regulation 32 NA
25 Dividend distribution policy as specified in regulation 43A (1) Yes https://vrlgroup.in/investor_download/Policy_on_Dividend_Distribution.pdf
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://vrlgroup.in/vrl_investors_desk.aspx?display=annual_return
26.2 Employee benefit scheme documents framed in terms of SEBI (SBEB) regulations 2021
27 Confirmation that the above disclosures are in a separate section as specified in regulation 46(2) Yes https://vrlgroup.in/vrl_investors_desk.aspx
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://vrlgroup.in/vrl_investors_desk.aspx
29 Disclosure of notes on website in terms of Listing Regulations explanatory


Annexure II
II. Annual Affirmations
Sr Particulars Regulation Number Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here.
1 Independent director(s) have been appointed in terms of specified criteria of independence and/or eligibility 16(1)(b) Yes
2 Board Composition 17(1), 17(1A) & 17(1C), 17(1D) & 17(1E) Yes
3 Meeting Of Board Of Directors 17(2) Yes
4 Quorum of board meeting 17(2A) Yes
5 Review of Compliance Reports 17(3) Yes
6 Plans for orderly succession for appointments 17(4) Yes
7 Code of Conduct 17(5) Yes
8 Fees/compensation 17(6) Yes
9 Minimum Information 17(7) Yes
10 Compliance Certificate 17(8) Yes
11 Risk Assessment & Management 17(9) Yes
12 Performance Evaluation of Independent Directors 17(10) Yes
13 Recommendation of Board 17(11) Yes
14 Maximum number of Directorships 17A Yes
15 Composition of Audit Committee 18(1) Yes
16 Meeting of Audit Committee 18(2) Yes
17 Role of Audit Committee and information to be reviewed by the audit committee 18(3) Yes
18 Composition of nomination & remuneration committee 19(1) & (2) Yes
19 Quorum of Nomination and Remuneration Committee meeting 19(2A) Yes
20 Meeting of Nomination and Remuneration Committee 19(3A) Yes
21 Role of Nomination and Remuneration Committee 19(4) Yes
22 Composition of Stakeholder Relationship Committee 20(1), 20(2) & 20(2A) Yes
23 Meeting of Stakeholders Relationship Committee 20(3A) Yes
24 Role of Stakeholders Relationship Committee 20(4) Yes
25 Composition and role of risk management committee 21(1),(2),(3),(4) Yes
26 Meeting of Risk Management Committee 21(3A) Yes
27 Quorum of Risk Management Committee meeting 21(3B) Yes
28 Gap between the meetings of the Risk Management Committee 21(3C) Yes
29 Vigil Mechanism 22 Yes
30 Policy for related party Transaction 23(1), (1A), (5), (6), & (8) Yes
31 Prior or Omnibus approval of Audit Committee for all related party transactions 23(2), (3) Yes
32 Approval for material related party transactions 23(4) Yes
33 Disclosure of related party transactions on consolidated basis 23(9) Yes
34 Composition of Board of Directors of unlisted material Subsidiary 24(1) NA
35 Other Corporate Governance requirements with respect to subsidiary of listed entity 24(2),(3),(4),(5) & (6) NA
36 Alternate Director to Independent Director 25(1) NA
37 Maximum Tenure 25(2) NA
38 Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism 25(2A) Yes
39 Meeting of independent directors 25(3) & (4) Yes
40 Familiarization of independent directors 25(7) Yes
41 Declaration from Independent Director 25(8) & (9) Yes
42 Directors and Officers insurance 25(10) Yes
43 Confirmation with respect to appointment of Independent Directors who resigned from the listed entity 25(11) NA
44 Memberships in Committees 26(1) Yes
45 Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel 26(3) Yes
46 Policy with respect to Obligations of directors and senior management 26(2) & 26(5) Yes
47 Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity 26(6) NA
48 Vacancies in respect Key Managerial Personnel 26A(1) & 26A(2), 26A(3) Yes
Any other information to be provided - Add Notes



Annexure II
III. Affirmations
Sr Particulars Compliance status (Yes/No/NA)
1 The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been complied NA
Any other information to be provided



Annexure II
1 Name of signatory ANIRUDDHA PHADNAVIS
2 Designation Company Secretary and Compliance Officer



Additional Half yearly Disclosure
Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc.
I. Disclosure of Loans/ guarantees/comfort letters /securities etc.refer note below
(A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to
Entity Aggregate amount advanced during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By
Entity Type (guarantee, comfort letter etc.) Aggregate amount of issuance during six months Balance outstanding at the end of six months(taking into account any invocation)
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by
Entity Type of security (cash, shares etc.) Aggregate value of security provided during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(D) Additional Information
II. Affirmations
Affirmations Compliance Status Company Remarks
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company. $intratedCg.get("CG_YN_$!integratedFillingMasterDto.cgMasterVO.anx4aAffirmComplStatus")
Name
Designation
Place
Date



Signatory Details
Name of signatory ANIRUDDHA PHADNAVIS
Designation of person Company Secretary and Compliance Officer
Place HUBBALLI
Date 09-Apr-2026


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 0
No. of investor complaints received during the Quarter 0
No. of investor complaints disposed off during the Quarter 0
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 First Additional Senior Civil Judge and Motor Accident Claims Tribunal (MACT) Chitradurga The Award and Decree Directing VRL Logistics Limited to pay compensation for suffered serious Injuries while travelling in Company's Lorry 14-Nov-2025 A passanger had filed the claim petition claiming compensation for having suffered serious injuries while travelling in a company lorry. The Company had contested the case that the liability should be saddled by the Insurance Company since vehcle had valid insurance as on the date of accident. Ultimately, the Hon'ble Court had came to the conclusion that the petitioner was a gratuitous passanger in the lorry and accepted the Insurance Company contention that they are not liable and directing the Company to deposit award amount of Rs. 389190/- along with interest @ 6% in the satisfaction of the Award. Accordinly the Company had obliged. No material impact on the financial position of the Company. Given the nature of industry as also being the largest fleet owner of commercial vehicles in India's private sector such impositions are inherent to our business.
2 Fourth Senior Civil Judge, City Civil Court Hyderbad A Decree and Judgement assed for reimbursement of settled claim by New India Assurance Company Ltd. 08-Jun-2018 The Consignment had booked from Hyderbad to Lucknow in Uttar Pradesh for transporation which coverd transit Insurance the consignment had to damaged during transit and according damage certificate was issued. The Consignor claimed the loss from their the Insurer Company i.e. New India Assurance Company Ltd. The Insurer proceeded against the Company for reimbursement of the settled claim. the Hon'ble court passed a decree on 08-06-2018 directing to Pay compensation for sum of Rs. 12,28,150/- along with Interest. Aggrieved by the Order, the Company had filed an appeal before the High Court of the State of Telangana. the appeal was dismissed by the said Court, upheld the order passed by the trail court. The Special Leave Petition was filed before the Hon'ble Supreme Court of India on 05.03.2025 with reference to the provisions of the Carraige by Road Act, 2007 which limits the liability of Common Carrier maximum upt extent of 10 times of frieght charged. The Hon'ble inclined to go throgh the provisions of statute, dismissed the petition on 10.02.2026 . Accordingly, the Company settled compensation on 11th March 2026. No material impact on the financial position of the Company. Given the nature of industry as also being the largest fleet owner of commercial vehicles in India's private sector such impositions are inherent to our business.
3 The District Consumer Disputes Redressal Commisssion - I Chittoor The Hon'ble has passed award for payment of compensation of Rs. 40,172/- for recovery for loss of materials booked for transporation, compensation for mental agony and Litigation Expenses 05-Jan-2026 The complainant had filed a case against the Company for compensation for abnormal delay short delivery of 2 articles out 10 articles booked. The Company argued on ground of a special provision under the Carraige Road by Act, 2007, limiting the liability of Common Carrier. The Hon'ble Athority considering these proviosions passed the decree awarding compensation of Rs. 40,172/- to the Complainant. No material impact on the financial position of the Company. Given the nature of industry as also being the largest fleet owner of commercial vehicles in India's private sector such impositions are inherent to our business.
4 The District Consumer Disputes Redressal Commisssion - I Jaipur The Hon'ble Forum has passed an award for payment of compensation of Rs. 30,791/- for recovery for loss of materials booked for transporation, compensation for mental agony and Litigation Expenses 03-Feb-2026 The complainant had filed a case against the Company for recovery of value of short delivered consignment booked. After hearing arguments of both the parties, The Hon'ble has passed an award for payment of compensation of Rs. 30,791/-. Accordingly the compensation had been settled. No material impact on the financial position of the Company. Given the nature of industry as also being the largest fleet owner of commercial vehicles in India's private sector such impositions are inherent to our business.
5 Various State Authorities across India Fines for violation of Vehicle norms and traffic rules violated by the drivers total aggegate amount of Rs. 25.48 lakhs in 893 cases during quarter ended March 2026 31-Mar-2026 Fines for violation of Vehicle norms and traffic regulations such as improper & obstructive parking, overspeeding, using air horn in silent zone, driver without uniform, seat belt non-wearing, wrong lane driving, covering reflective tape, etc., No material impact on the financial position of the Company. The quarter witnessed 893 cases against which a sum of Rs. 25.48 lakhs fine was imposed . Given the nature of industry as also being the largest fleet owner of commercial vehicles in India's private sector employing thousands of drivers, such impositions are inherent to our business.
6 The High Court of Karnataka - Dharwad Bench The Hon'ble High Court passed an award for payment of compensation of Rs.3,68,600/- for damage caused to consignemts booked for transporation, Interest compensation for mental agony and Litigation Expenses 20-Jan-2026 The complainant had filed a case against the Company for recovery of loss caused due to abnormal delay in delivery and damage of consignment booked for transportation. The Company had defended the case as consignment was booked on owner risk. No material impact on the financial position of the Company. Given the nature of industry as also being the largest fleet owner of commercial vehicles in India's private sector such impositions are inherent to our business.


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 The Income Tax Authority 31-Mar-2008 Demand of tax of Rs. 2635.86 on setting-off of Depreciation loss of windmill segment with other segment during Financial year 2007-08 Pending before the High Court of Karnataka
2 The Income Tax Authority 31-Mar-2014 Disallowance on Tax on Sale of Certified Emission Reduction and on account of personal flights undertaken by the management in Financial year 2013-14 of Rs. 185.59 Lakhs Tribunal passed an order in favour of the Company and Pending before the High Court of Karnataka
3 The Income Tax Authority 31-Mar-2016 Disallowance of certain expenses treating them as personal expenses and tax amounting to Rs.14.23 lakhs during FY 2015-16. An appeal has been filed against assessment order and case is pending before the Commissioner of Income Tax (Appeals)
4 Department of Income Tax, Ministry of Finance, Government of India 31-Mar-2017 Disallowance of expenses resulting into amounting to Rs 980.82 lakhs during FY 2016-17 An appeal has been filed against assessment order and case is pending before the Commissioner of Income Tax (Appeals)
5 Department of Income Tax, Ministry of Finance, Government of India 31-Mar-2018 Disallowance of employer's contribution to gratuity fund and deduction in respect of new employees amount of Rs. 116.92 lakhs for FY 2017-18 (Net of Amount paid under Protest - Rs.29.23 lakhs). An appeal has been filed against assessment order and the said case is pending before the Commissioner of Income Tax (Appeals)
6 Department of Income Tax, Ministry of Finance, Government of India 31-Mar-2023 Demand of tax treating the slump sale of Bus division as short-term capital gain amounting to Rs. 811.83 Lakhs. An appeal has been filed against assessment order passed by the Income Tax Authority and the said case is pending before the Commissioner of Income Tax (Appeals). The stay order has been granted for recovery of amount.
7 Department of Customs, Ministry of Finance, Government of India, Ahmedabad, Gujarat 31-Mar-2008 Custom Duty on import of aircraft and related interest / penalties / fines of Rs. 1569.02 lakh for FY 2007-08 The CESTAT had passed an order in favour of the Company.The Custom authority has filed an appeal against order passed by the CESTAT and same is pending before the Honerable High Court of Gujarat
8 Department of Customs, Excise and Service Tax Bengaluru, Ministry of Finance, Government of Karnataka 31-Mar-2002 Non-refund of service tax paid Rs. 242.88 lakh for FY 2000-01 and 2001-02 The Custom authority has filed an appeal before the CESTAT (Bengaluru) against the order of the Commissioner of Central Excise (Appeals), Mysore allowing the refund amount along with interest.
9 Department of Revenue - Customs, Excise and Service Tax. Ministry of Finance, Government of India. 28-Feb-2017 Service tax arising due to reclassification of services Rs. 328.45 Lakhs from the period April 2014-February 2017 The Custom authority has filed an appeal before the CESTAT (Bengaluru) against the order of the Commissioner of Central Excise (Appeals), Belguam allowing the refund amount along with interest.
10 Department of Revenue - the Goods & Service Tax Department. Ministry of Finance, Government of India. 30-Jun-2017 Service Tax on National Permit Fees amounting to Rs. 68.07 Lakhs during FY 2016-17 & FY 2017-18 Commissioner of GST, Belgaum.
11 Department of Revenue - the Goods & Service Tax Department. Ministry of Finance, Government of India. 30-Sep-2021 Goods & Service Tax on National Permit Fees Rs. 285.79. during FY 2017-18 to FY 2021-22 (Net of GST paid under protest Rs. 31.76 lakh) Before the Commissioner of Central Tax (Appeals), Belgaum. The Commissioner(Appeals), Belagavi has passed Order-in-Appeal No BEL-GST-COMMR-APP-VDJ-045-2025-26 dated 31.10.2025 for re-determining the tax payable under Section 73 of CGST Act 2017 by proper officer as per Section 75(2) of CGST Act 2017 – (De-Novo Adjudication)
12 Department of Revenue - the Goods & Service Tax Department. Ministry of Finance, Government of India. 31-Mar-2018 GST on Supplies attracting reverse charge of Rs. 85.69 lakhs (net of GST paid under protest `4.28 lakh) Pending before the Additional/Joint Commissioner of Central Tax, (Appeals), Delhi
13 Office of the Superintendent, Autonagar Range, Vijayawada, Guntur, Vishakapatnam, Amaravathi, CBIC Andra Pradesh 30-Dec-2025 Tax and Penalty of Rs. 20,176/-has been imposed for non maintainance of records at principal place of Business. The Company is in process of Appeal against order passed by the Authority and will be filed within timeline given for appeal
14 Office of the Superintendent, Autonagar Range, Vijayawada, Guntur, Vishakapatnam, Amaravathi, CBIC Andra Pradesh 30-Dec-2025 Fresh order passed and imposed tax & penalty of Rs. 8.85/- lakhs for FY 2018-2019 even the Company had paid excess tax and requested for adjustment. The Company is in process of Appeal against order passed by the Authority and will be filed within timeline given for appeal
15 The Commissioner of Central Tax, Belgaum 31-Dec-2025 The company has received a showcause notice from the Commissioner of Central Tax, Belgaum demanding service tax on issue of National Permit fees The company has replied for the showcause notice
16 the Additional Commissioner of Central tax (Appeals), Guntur 31-Dec-2025 Demand was made for refund of Rs. 1933980/- GST paid erroneously under APGST registration number instead of Telangana GST Registration Number the Additional Commissioner of Central tax (Appeals), Guntur has passed an order denying refund of tax. The Company is process of filing an appeal before GSTAT.