Integrated Filing-Governance



General information about company

Scrip Code 543306
NSE Symbol DODLA
MSEI Symbol NOTLISTED
ISIN INE021O01019
Name of the entity Dodla Dairy 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 During the quarter ended March 31, 2026, the Company has not acquired any shares or voting rights in an unlisted 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 Not Applicable
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 1000 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID comd00441
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 Mr. Dodla Sunil Reddy (DIN: 00794889) was re-appointed as Managing Director for a further term of five (5) years from 01 April 2026 to 31 March 2031, as approved by the shareholders at the 30th Annual General Meeting held on 14 July 2025. Dr. Raja Rathinam (DIN: 09045647) was re-appointed as a Non-Executive Independent Director and continuation of his directorship as a Non-executive Independent Director in terms of Regulation 17 (1A) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for a second term of five (5) consecutive years from 01 February 2026 to 31 January 2031, as approved by the Members through Postal Ballot on 07 December 2025.
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. Dodla Sesha Reddy 00520448 Non-Executive - Non Independent Director Chairperson related to Promoter 10-Dec-1941 No Active Yes 30-Jun-2022 15-May-1995 15-May-1995 2 0 1 1
2 Mr. Dodla Sunil Reddy 00794889 Executive Director Not Applicable 22-Feb-1968 No Active NA 15-May-1995 01-Apr-2021 1 0 2 0
3 Mr. Ambavaram Madhusudhana Reddy 08126380 Executive Director Not Applicable 10-Dec-1968 No Active NA 03-May-2018 01-May-2023 1 0 0 0
4 Mr. Akshay Tanna 02967021 Non-Executive - Non Independent Director Not Applicable 20-Nov-1982 No Active NA 21-Jul-2017 20-May-2023 2 0 2 0
5 Mr. Raja Rathinam 09045647 Non-Executive - Independent Director Not Applicable 13-Jun-1950 No Active Yes 07-Dec-2025 01-Feb-2021 01-Feb-2026 62 1 1 1 0
6 Mr. Rampraveen Swaminathan 01300682 Non-Executive - Independent Director Not Applicable 30-Jun-1974 No Active NA 13-Jul-2018 13-Jul-2023 92.19 2 1 1 0
7 Mr. Raman Tallam Puranam 00320782 Non-Executive - Independent Director Not Applicable 23-Mar-1942 No Active Yes 30-Jun-2022 13-Jul-2018 13-Jul-2023 92.19 1 1 2 2
8 Ms. Vinoda Kailas 09104308 Non-Executive - Independent Director Not Applicable 15-Jan-1982 No Active NA 20-Jan-2022 20-Jan-2022 50.12 1 1 0 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 00320782 Raman Tallam Puranam Non-Executive - Independent Director Chairperson 13-Jul-2018
2 09045647 Raja Rathinam Non-Executive - Independent Director Member 02-Feb-2021
3 01300682 Rampraveen Swaminathan Non-Executive - Independent Director Member 13-Jul-2018
4 00794889 Dodla Sunil Reddy Executive Director Member 15-May-2015



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 01300682 Rampraveen Swaminathan Non-Executive - Independent Director Chairperson 13-Jul-2018
2 00320782 Raman Tallam Puranam Non-Executive - Independent Director Member 13-Jul-2018
3 00520448 Dodla Sesha Reddy Non-Executive - Non Independent Director Member 15-May-2015



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 00320782 Raman Tallam Puranam Non-Executive - Independent Director Chairperson 13-Jul-2018
2 00794889 Dodla Sunil Reddy Executive Director Member 13-Jul-2018
3 02967021 Akshay Tanna Non-Executive - Non Independent Director Member 13-Jul-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 09045647 Raja Rathinam ID Chairperson 07-Mar-2022
2 02967021 Akshay Tanna NED Member 07-Mar-2022
3 08126380 Ambavaram Madhusudhana Reddy ED Member 07-Mar-2022



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 8 8 4
2 27-Jan-2026 84 Yes 8 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 Audit Committee 03-Nov-2025 Yes 4 4 3 0
2 Audit Committee 27-Jan-2026 84 Yes 4 3 2 0
3 Nomination and remuneration committee 03-Nov-2025 Yes 3 3 2 0
4 Stakeholders Relationship Committee 27-Jan-2026 84 Yes 3 2 1 0
5 Risk Management Committee 27-Jan-2026 Yes 3 2 1 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 Surya Prakash M
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://dodladairy.com/
1.2 Memorandum of Association and Articles of Association Yes https://dodladairy.com/investor-corner/moa-aoa/
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://dodladairy.com/corporate/brief-biographies-of-directors/
2 Terms and conditions of appointment of independent directors Yes https://dodladairy.com/investor-corner/terms-and-conditions-of-appointment-of-independent-directors/
3 Composition of various committees of board of directors Yes https://dodladairy.com/corporate/board-committees/
4 Code of conduct of board of directors and senior management personnel Yes https://dodladairy.com/wp-content/uploads/2024/04/Code-Of-Conduct-For-Board-Of-Directors-And-SMP.pdf
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://dodladairy.com/wp-content/uploads/2024/04/Whistle-Blower-Policy.pdf
6 Criteria of making payments to non-executive directors Yes https://dodladairy.com/wp-content/uploads/2024/04/Criteria-For-Making-Payments-To-Non-Executive-Directors.pdf
7 Policy on dealing with related party transactions Yes https://dodladairy.com/wp-content/uploads/2025/03/Policy-On-Related-Party-Transactions.pdf
8 Policy for determining material subsidiaries Yes https://dodladairy.com/wp-content/uploads/2025/03/Policy-For-Determining-Material-Subsidiary.pdf
9 Details of familiarization programmes imparted to independent directors Yes https://dodladairy.com/investor-corner/familiarization-programmes/
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://dodladairy.com/investor-corner/investor-contact/
11 Email address for grievance redressal and other relevant details Yes https://dodladairy.com/investor-corner/investor-contact/
12 Financial results Yes https://dodladairy.com/investor-corner/financial-results/
13 Shareholding pattern Yes https://dodladairy.com/investor-corner/shareholding-pattern/
14 Details of agreements entered into with the media companies and/or their associates NA
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet Yes https://dodladairy.com/investor-corner/analysts-or-institutional-investors-calls-and-conferences-meet/,https://dodladairy.com/investor-corner/investors-presentations-to-analysts-or-institutional-investors/
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://dodladairy.com/investor-corner/audio-or-video-recordings-and-transcripts-of-post-earnings-quarterly-calls/
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://dodladairy.com/investor-corner/news-paper-publication/
18 Credit rating or revision in credit rating obtained Yes https://dodladairy.com/investor-corner/credit-rating/
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://dodladairy.com/investor-corner/subsidiary-financials/
20 Secretarial compliance report Yes https://dodladairy.com/investor-corner/secretarial-compliance-reports/
21 Materiality policy as per regulation 30 (4) Yes https://dodladairy.com/wp-content/uploads/2025/03/Policy-for-Determination-Of-Materiality.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://dodladairy.com/investor-corner/disclosure-of-kmp-as-per-regulation-30-5-of-sebi-lodr-regulations-2015/
23 Disclosures under regulation 30(8) Yes https://dodladairy.com/investor-corner/disclosures-under-regulation-30/
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://dodladairy.com/wp-content/uploads/2024/04/Dividend-Distribution-Policy.pdf
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://dodladairy.com/investor-corner/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://dodladairy.com/
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://dodladairy.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) NA
33 Disclosure of related party transactions on consolidated basis 23(9) Yes
34 Composition of Board of Directors of unlisted material Subsidiary 24(1) Yes
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) NA
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) 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) NA
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 Surya Prakash M
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 Surya Prakash M
Designation of person Company Secretary and Compliance Officer
Place Hyderabad
Date 15-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 TANGEDCO TANGEDCO notice has been issued for unauthorised use of agricultural service connection for industrial purposes 05-Mar-2026 Additional charges for unauthorised use of agricultural service connection for industrial purposes 71113
2 APSPDCL Deputy Electrical Inspector, Kadapa Sub-Division has issued a notice to the Company regarding the delay in payment of electricity inspection charges. 01-Jan-2026 Delay in payment of electricity charges to APSPDCL, resulting in levy of late payment penalty. 750
3 Assessing Officer The Assessment Unit, Income Tax Department had passed an order under Section 270A of the Income Tax Act, 1961 without considering the merits of the case and levied penalty in relation to disallowance u/s 14A and interest expenditure disallowed by the Learned CIT(A) for Assessment Year 2017-18. The Company filed an appeal against the penalty order before CIT(A). Further the Company had filed a stay after paying 20% of the demand amount. 20-Feb-2026 Penalty order in relation to disallowances made in the assessment order 1226092
4 Assessing Officer The Assessment Unit, Income Tax Department had passed an order under Section 270A of the Income Tax Act, 1961 without considering the merits of the case and levied penalty in relation to disallowance u/s 14A and interest expenditure disallowed by the Learned CIT(A) for Assessment Year 2016-17. The Company filed an appeal against the penalty order before CIT(A). Further the Company had filed a stay after paying 10% of the demand amount. 19-Mar-2026 Penalty order in relation to disallowances made in the assessment order 990361


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 Income Tax, Hyderabad 31-Mar-2015 The Assessing Officer ('AO') had disallowed deduction claimed under Section 80-IB of the Income Tax Act, 1961 in the assessment order ('AO Order') passed under Section 143(3) of the Income Tax Act, 1961 ('the Act') for the Assessment Years ('AY') 2012-13, 2013-14, 2014-15, 2016-17 and 2017-18. For AY 2016-17 and AY 2017-18, there are other disallowances under Section 14A and Interest expenditure. The AO had raised a tax demand of INR 199 Mn for the 5 AY's. Basis the Appeal preferred by the Company against the Order, the CIT(A) had passed orders in favour of the Company on March 25, 2025 allowing the deduction under Section 80-IB of the Act. The Assessing Officer is yet to pass the consequential order giving effect to CIT(A) Order. Since the Company had already paid the entire tax demand under protest, the Company would in receipt of the tax amount of INR 199 Mn plus interest amount. The Revenue had filed an appeal before the Hon'ble ITAT, where hearing was completed on December 17, 2025 and currently kept for orders. The ITAT had passed a favourable order rejecting the revenue appeal vide order dated January 30, 2026. The Company had received a refund of INR 26.26 crores (including interest) in March 2026.
2 Assistant Commissioner of Income Tax, Hyderabad 06-Dec-2016 The AO had disallowed deduction claimed under Section 80-IB of the Income Tax Act, 1961 in the AO Order passed under Section 143(3) r.w.s 147 of the Act resulting in a tax demand of INR 6.4 Mn for AY 2011-12. The Company had paid the taxes under protest and preferred an appeal before the CIT(A) which is pending for disposal. The Company is awaiting the disposal of appeal by CIT(A) considering the favourable orders received for other years on the similar issue.
3 Deputy Commissioner of Income Tax, Hyderabad 15-Jul-2022 The AO vide order under Section 143(3) r.w.s 144C(13) r.w.s 144B of the Act had made transfer pricing adjustment to the returned income filed by the Company for the Captioned Years resulting in a tax demand of INR 210.98 Mn for AY 2018-19 and AY 2021-22. Aggreived by the Order, the Company had paid the taxes under protest and filed an appeal before the Hon'ble Income Tax Appellate Tribunal, which is pending for disposal. The Hon'ble ITAT passed a favourable order dated November 26, 2025 allowing the deduction claimed by the Company under Section 80-IB of the Act for AY 2018-19 and AY 2021-22. Further, the Hon'ble ITAT had set-aside the case to Assessing Officer for the limited purpose of factual verification of filing Form 10CCBs in relation to deduction claimed. The Assessing Officer is yet to pass the order giving effect to the Hon'ble ITAT order.
4 Assistant Commissioner, Central Tax, Division -II (Karnataka State) 22-Sep-2021 The officer had alleged the classification of flavoured milk under HSN 04029990 and classified it under HSN 22029910 resulting in a demand of INR 14.7 Mn for the period July 2017 to October 2021 for Karnataka State, which was upheld by the Additional Commisioner Appeals (Mysuru). The Karnataka High Court had passed a favourable order dated December 11, 2025 upholding the GST rate of 5% on flavoured milk. The Company yet to receive the refund of taxes paid under protest basis the order.
5 Additions Commissioner of Customs (Imports) 28-Oct-2017 The officer had alleged the classification of import of Pouch Filling Machine under CTH 84342000 and denied the exemption from Countervailing duty resulting in a tax demand of INR 3.7 Mn. The Company had filed an appeal before the Commisioner, which is rejected indicating that the appeal was filed beyond the specified timelimit. The Company had preferred Writ Petition before Karnataka High Court which passed order in favour of the Company and directed the Commissioner Appeals to dispose of the appeal basis the merits of the case. The Company is awaiting order from Commissioner Appeals.
6 Assistant Commissioner of Income Tax, Hyderabad 01-Feb-2024 The Department had filed a Special Leave Petition before the Supreme Court against the High Court Order passed in favour of the Company setting aside the notice under Section 148 and consequential order for the Assessment Years 2013-14, 2015-16 and 2016-17. The SLP is currently pending with the Supreme Court.