Integrated Filing-Governance



General information about company

Scrip Code 500165
NSE Symbol KANSAINER
MSEI Symbol NOTLISTED
ISIN INE531A01024
Name of the entity Kansai Nerolac Paints 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 Aquisition
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? Yes
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 500 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID k00054
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 1.In terms of the circular bearing the tenure is provided only for the Independent Directors. Further, in line with the guidelines provided vide the FAQs issued by National Stock Exchange of India Limited (NSE), the tenure counted is from the date of initial appointment after enactment of Companies Act, 2013 till the end of the quarter i.e.31st March, 2026. 2. Directorships only in the Listed Public Companies whose Equity Shares are listed have been taken into consideration while computing the No. of Directorship in listed entities including this listed entity and No. of Independent Directorship in listed entities including this listed entity. 3. In terms of the provisions of Regulation 26(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, committee memberships/ chairmanships in committees of the Board(s) of all Public Companies, whether listed or not, have been taken into consideration while computing No. of memberships in Audit/ Stakeholder Committee(s) including this listed entity and No. of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity. Also, the no. of memberships in committees includes number of chairmanships. No. of chairpersonships is also provided separately. 4. Mr. Bhaskar Bhat, Independent Director was appointed as the Chairman of the Company with effect from 30th January, 2025. 5. Ms. Sonia Singh was re-appointed as an Independent Director of the Company with effect from 29th July, 2022, for a term of 5 years by the Shareholders at the 102nd Annual General Meeting of the Company held on 23rd June, 2022. 6. Since Mr. T. Tomioka is a foreign citizen, he does not hold a PAN. 7. Mr. T. Tomioka was reappointed as Non-Executive Director of the Company with effect from 30th June, 2025 at the 105th Annual General Meeting of the Company held on 30th June, 2025. 8. Mr. Pravin Digambar Chaudhari, vide an Ordinary Resolution passed by the Shareholders at the 103rd Annual General Meeting of the Company held on 26th June, 2023, was appointed as a Non-Executive Director with effect from 26th June, 2023, liable to retire by rotation. Mr. Chaudhari was appointed as Managing Director, for a term of 3 years with effect from 1st April, 2025. His appointment was approved by the Shareholders of the Company via postal ballot. The results of the postal ballot were declared on 18th April, 2025. 9. Mr. Hirokazu Kotera was appointed as an Executive Director of the Company with effect from 1st August, 2024, for a term of 3 years, liable to retire by rotation. His appointment was approved by the Shareholders of the Company via postal ballot on 26th September, 2024. Mr. Kotera resigned as Executive Director of the Company with effect from the close of business on 31st March, 2026. 10. Mr. Uday Bhansali was appointed as an Independent Director of the Company with effect from 6th November, 2024, for a term of 5 years. His appointment was approved by the Shareholders of the Company via postal ballot on 8th January, 2025. 11. Mr. Gen Yokota was appointed as a Non-Executive Director of the Company with effect from 6th May, 2025, liable to retire by rotation. His appointment was approved by the Shareholders at the 105th Annual General Meeting of the Company held on 30th June, 2025.
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. Bhaskar Bhat 00148778 Non-Executive - Independent Director Chairperson 29-Aug-1954 No Active NA 10-Aug-2022 10-Aug-2022 43.22 3 3 4 1
2 Ms. Sonia Singh 07108778 Non-Executive - Independent Director Not Applicable 05-Sep-1964 No Active NA 29-Jul-2019 29-Jul-2022 80.03 5 5 5 2
3 Mr. T. Tomioka 08736654 Non-Executive - Non Independent Director Not Applicable 22-May-1972 No Active NA 07-May-2020 30-Jun-2025 1 0 0 0 Textual Information(1)
4 Mr. Pravin Chaudhari 02171823 Executive Director Not Applicable CEO-MD 17-May-1968 No Active NA 26-Jun-2023 01-Apr-2025 1 0 1 0
5 Mr. Hirokazu Kotera 10707431 Executive Director Not Applicable 12-Dec-1981 No Active NA 01-Aug-2024 01-Aug-2024 31-Mar-2026 1 0 0 0 Others
6 Mr. Uday Bhansali 00363902 Non-Executive - Independent Director Not Applicable 03-Sep-1961 No Active NA 06-Nov-2024 06-Nov-2024 16.26 2 2 1 1
7 Mr. Gen Yokota 11084786 Non-Executive - Non Independent Director Not Applicable 22-Mar-1974 No Active NA 06-May-2025 06-May-2025 1 0 0 0



Text Block
Textual Information(1) Since Mr. T. Tomioka is a foreign citizen, he does not hold a PAN.



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory Mr. Uday Bhansali was appointed as the Chairman of the Audit Committee with effect from 30th January, 2025..



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 00363902 Uday Bhansali Non-Executive - Independent Director Chairperson 30-Jan-2025 Textual Information(1)
2 07108778 Sonia Singh Non-Executive - Independent Director Member 29-Jul-2019
3 00148778 Bhaskar Bhat Non-Executive - Independent Director Member 10-Aug-2022



Text Block
Textual Information(1) Mr. Uday Bhansali was appointed as the Chairman of the Audit Committee with effect from 30th January, 2025.



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 00363902 Uday Bhansali Non-Executive - Independent Director Chairperson 30-Jan-2025 Textual Information(1)
2 00148778 Bhaskar Bhat Non-Executive - Independent Director Member 10-Aug-2022 Textual Information(2)
3 07108778 Sonia Singh Non-Executive - Independent Director Member 29-Jul-2019
4 08736654 T. Tomioka Non-Executive - Non Independent Director Member 22-Apr-2025 Textual Information(3)

Text Block
Textual Information(1) Mr. Uday Bhansali was appointed as the Chairman of the Nomination and Remuneration Committee with effect from 30th January, 2025.
Textual Information(2) Mr. Bhaskar Bhat was the Chairman of Nomination and Remuneration Committee upto and including 29th January, 2025. From 30th January, 2025, Mr. Bhat has been appointed as the Chairman of the Company and has ceased to be the Chairman of the Nomination and Remuneration Committee, but continues to be a member of the Committee.
Textual Information(3) Mr. T. Tomioka was appointed as a member of the Nomination and Remuneration Committee with effect from 22nd April, 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 07108778 Sonia Singh Non-Executive - Independent Director Chairperson 29-Jul-2019
2 00148778 Bhaskar Bhat Non-Executive - Independent Director Member 30-Jan-2025 Textual Information(1)
3 02171823 Pravin Chaudhari Executive Director Member 01-Apr-2025 Textual Information(2)



Text Block
Textual Information(1) Mr. Bhaskar Bhat was appointed as a member of the Stakeholders Relationship Committee with effect from 30th January, 2025.
Textual Information(2) Mr. Pravin Chaudhari was appointed as the member of the Stakeholders Relationship Committee with effect from 1st April, 2025.



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 07108778 Sonia Singh ID Chairperson 30-Jan-2025 Textual Information(1)
2 00363902 Uday Bhansali ID Member 30-Jan-2025 Textual Information(2)
3 10707431 Hirokazu Kotera ED Member 30-Jan-2025 31-Mar-2026 Textual Information(3)
4 02171823 Pravin Chaudhari ED Member 01-Apr-2025 Textual Information(4)
5 99999999 Jason Simon Gonsalves Director-Corporate Planning, IT and Materials Member 29-Jan-2019 Textual Information(5)
6 99999999 Yash Ahuja CFO Member 01-Aug-2025 Textual Information(6)



Text Block
Textual Information(1) Ms. Sonia Singh was appointed as the Chairperson of the Risk Management Committee with effect from 30th January, 2025.
Textual Information(2) Mr. Uday Bhansali was appointed as a member of the Risk Management Committee with effect from 30th January, 2025.
Textual Information(3) Mr. Hirokazu Kotera was appointed as a member of the Risk Management Committee with effect from 30th January, 2025. Mr. Kotera resigned as Executive Director of the Company with effect from the close of business on 31st March, 2026 and thereby ceased to be a member of Risk Management Committee.
Textual Information(4) Mr. Pravin Chaudhari was appointed as the member of the Risk Management Committee with effect from 1st April, 2025.
Textual Information(5) Mr. Jason Simon Gonsalves is not Director on the Board of Directors of the Company and hence, the DIN is not provided.
Textual Information(6) Mr. Yash Ahuja is not Director on the Board of Directors of the Company and hence, the DIN is not provided. Mr. Yash Ahuja was appointed as a member Risk Management Committee with effect from 1st August, 2025



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 11-Dec-2025 Yes 7 7 3
2 03-Feb-2026 53 Yes 7 7 3
3 26-Mar-2026 50 Yes 7 5 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 Risk Management Committee 28-Feb-2026 Yes 6 4 2 2
2 Audit Committee 03-Nov-2025 Yes 3 3 3 0
3 Audit Committee 03-Feb-2026 91 Yes 3 3 3 0
4 Nomination and remuneration committee 03-Nov-2025 Yes 4 4 3 0
5 Nomination and remuneration committee 03-Feb-2026 91 Yes 4 4 3 0
6 Stakeholders Relationship Committee 26-Mar-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 G. T. Govindarajan
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 www.nerolac.com
1.2 Memorandum of Association and Articles of Association Yes www.nerolac.com
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes www.nerolac.com
2 Terms and conditions of appointment of independent directors Yes www.nerolac.com
3 Composition of various committees of board of directors Yes www.nerolac.com
4 Code of conduct of board of directors and senior management personnel Yes www.nerolac.com
5 Details of establishment of vigil mechanism or whistle blower policy Yes www.nerolac.com
6 Criteria of making payments to non-executive directors Yes www.nerolac.com
7 Policy on dealing with related party transactions Yes www.nerolac.com
8 Policy for determining material subsidiaries Yes www.nerolac.com
9 Details of familiarization programmes imparted to independent directors Yes www.nerolac.com
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes www.nerolac.com
11 Email address for grievance redressal and other relevant details Yes www.nerolac.com
12 Financial results Yes www.nerolac.com
13 Shareholding pattern Yes www.nerolac.com
14 Details of agreements entered into with the media companies and/or their associates Yes www.nerolac.com
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet Yes www.nerolac.com
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes www.nerolac.com
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes www.nerolac.com
18 Credit rating or revision in credit rating obtained Yes www.nerolac.com
19 Separate audited financial statements of each subsidiary of the listed entity Yes www.nerolac.com
20 Secretarial compliance report Yes www.nerolac.com
21 Materiality policy as per regulation 30 (4) Yes www.nerolac.com
22 Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) Yes www.nerolac.com
23 Disclosures under regulation 30(8) Yes www.nerolac.com
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 www.nerolac.com
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes www.nerolac.com
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 www.nerolac.com
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes www.nerolac.com
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) Yes
36 Alternate Director to Independent Director 25(1) Yes
37 Maximum Tenure 25(2) Yes
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) Yes
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) Yes
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 Yes
Any other information to be provided



Annexure II
1 Name of signatory G. T. Govindarajan
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 0 0
Promoter Group or any other entity controlled by them 0 0
Directors (including relatives) or any other entity controlled by them 0 0
KMPs or any other entity controlled by them 0 0
(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 0 0 0
Promoter Group or any other entity controlled by them 0 0 0
Directors (including relatives) or any other entity controlled by them 0 0 0
KMPs or any other entity controlled by them 0 0 0
(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 0 0 0
Promoter Group or any other entity controlled by them 0 0 0
Directors (including relatives) or any other entity controlled by them 0 0 0
KMPs or any other entity controlled by them 0 0 0
(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. Yes
Name Yash Ahuja
Designation Chief Financial Officer
Place Mumbai
Date 16-Apr-2026



Signatory Details
Name of signatory G. T. Govindarajan
Designation of person Company Secretary and Compliance Officer
Place Mumbai
Date 16-Apr-2026


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 0
No. of investor complaints received during the Quarter 2
No. of investor complaints disposed off during the Quarter 2
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 Joint Commissioner (Appeals) Raipur Order is passed u/s. 73 of CGST Act, 2017 levying tax of Rs. 67,784/- and imposing penalty of Rs. 20,000/- 03-Feb-2026 A demand has arisen on account of partial disallowance of Input Tax Credit (ITC) claimed by the Company during FY 2020-21. The Company has relevant records to prove its claim for ITC and shall file an appeal against the said Order. There is no material impact on financials, operations or other activities of the Company.
2 Joint Commissioner Mumbai Central Order is passed u/s. 74 of CGST Act, 2017 levying tax of Rs. 3,81,309/- and imposing penalty of Rs. 3,81,309/- 24-Feb-2026 A demand has arisen on account of partial disallowance of Input Tax Credit (ITC) claimed by the Company during FY 2017-18. The Company has relevant records to prove its claim for ITC and shall file an appeal against the said Order. There is no material impact on financials, operations or other activities of the Company.


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 Deputy Commissioner of GST 14-Aug-2023 A demand was raised during the financial year 2022-23 on account of discrepancy between Input Tax Credit (“ITC”) claimed by the Company in GSTR 3B and data appearing in GSTR 2A for FY 2017-18. FY 2017-18 was the first year of implementation of GST, the data fetched in GSTR 2A on GST portal was not accurate and complete. The Company has relevant records to prove its claim for ITC. The Company on 5th March 2025 had informed the Stock Exchanges that an Order had been received from the Joint Commissioner of State Tax, Mumbai, giving partial relief in respect of the appeal filed against the said demand. The demand has been reduced to Rs. 15.16 Crores. The Company has relevant records to prove its claim and shall file a further appeal against the said Order before the GST Tribunal. The current status of the litigation remains same as disclosed in the previous quarter ended 31st December, 2025.
2 Goods and Services Tax Officer 14-May-2024 Order under Section 73(9) of Central Goods and Service Tax Act, 2017 has been received showing demand on account of alleged short payment of GST on the turnover declared in GSTR-9 and wrong availment of Input Tax Credit for FY 2018-19 for the State of New Delhi. The Order has been passed based on wrong understanding of the facts and records and is an error apparent on the face of the record. The Company has already paid adequate and appropriate taxes, as required, and the same is reflected in the GST returns filed during FY 2018-19. The Company has relevant records to prove its claims. The Company is in the process of filing application for rectification of order/appeal. The Company has filed an appeal and personal hearing is awaited. The current status of the litigation remains same as disclosed in the previous quarter ended 31st December, 2025.
3 Deputy Commissioner of GST 02-Jun-2025 The Company has filed an appeal against the Order under Section 73(9) Central Goods and Service Tax Act, 2017 issued for the state of Maharashtra for partial disallowance of Input Tax Credit (ITC) and alleged short payment of tax on some supplies during the FY 2020-21. The Order has been passed based on wrong understanding of the facts/records/law and there are apparent errors in the Order. The Company has already paid adequate and appropriate taxes, as required by the law. The Company has also filed an application for rectification of the Order. The Company has filed an appeal and personal hearing is awaited. The current status of the litigation remains same as disclosed in the previous quarter ended 31st December, 2025.