Integrated Filing-Governance



General information about company

Scrip Code 526612
NSE Symbol BLUEDART
MSEI Symbol NOTLISTED
ISIN INE233B01017
Name of the entity Blue Dart Express 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 Not Applicable since during the quarter ended March 31, 2026 the Company has not accquired shares or voting rights in Unlisted Companies
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 b00203
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 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. Prakash Krishnaji Apte 00196106 Non-Executive - Independent Director Chairperson 06-May-1954 No Active NA 28-Jul-2022 28-Jul-2022 44.04 3 3 8 2
2 Mr. Balfour John Manuel 08416666 Executive Director Not Applicable MD 10-Mar-1961 No Active NA 16-May-2019 16-May-2022 1 0 1 0
3 Ms. Kavita Nair 07771200 Non-Executive - Independent Director Not Applicable 03-May-1973 No Active NA 26-Mar-2019 26-Sep-2021 84.06 3 3 4 2
4 Mr. Subramanian Sivarama Ramchandran 02946608 Non-Executive - Non Independent Director Not Applicable 25-May-1965 No Active NA 27-Mar-2019 1 0 2 0
5 Mr. Florian Ulrich Bumberger 09045904 Non-Executive - Non Independent Director Not Applicable 11-Jul-1978 No Active NA 24-Feb-2021 1 0 0 0 Textual Information(1)
6 Ms. Vandana Aggarwal 08013771 Non-Executive - Independent Director Not Applicable 25-May-1961 No Active NA 23-Jul-2024 23-Jul-2024 20.09 1 1 2 1
7 Mr. Sebastian Paebens 09058693 Non-Executive - Non Independent Director Not Applicable 12-Jan-1974 No Active NA 26-May-2025 1 0 0 0 Textual Information(2)



Text Block
Textual Information(1) Since Mr. Florian is a Foreign Director he is not having a PAN no. and default PAN has been mentioned
Textual Information(2) Since Sebastian Paebens is a Foreign Director he is not having a PAN no. and default PAN has been mentioned



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 00196106 Prakash Krishnaji Apte Non-Executive - Independent Director Chairperson 28-Oct-2022
2 02946608 Subramanian Sivarama Ramchandran Non-Executive - Non Independent Director Member 17-Jan-2020
3 07771200 Kavita Nair Non-Executive - Independent Director Member 23-Jul-2024
4 08013771 Vandana Aggarwal Non-Executive - Independent Director Member 23-Jul-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 08013771 Vandana Aggarwal Non-Executive - Independent Director Chairperson 23-Jul-2024
2 00196106 Prakash Krishnaji Apte Non-Executive - Independent Director Member 28-Oct-2022
3 09045904 Florian Ulrich Bumberger Non-Executive - Non Independent Director Member 23-Mar-2021



Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 02946608 Subramanian Sivarama Ramchandran Non-Executive - Non Independent Director Chairperson 10-Feb-2025
2 00196106 Prakash Krishnaji Apte Non-Executive - Independent Director Member 23-Jul-2024
3 08416666 Balfour John Manuel Executive Director Member 17-Jan-2020



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 07771200 Kavita Nair ID Chairperson 27-Oct-2023
2 00196106 Prakash Krishnaji Apte ID Member 23-Jul-2024
3 08416666 Balfour John Manuel ED Member 30-Jan-2019
4 02946608 Subramanian Sivarama Ramchandran NED Member 17-Jan-2020
5 99999999 Tushar Gunderia Head- Legal & Compliance & Company Secretary Member 28-Mar-2015 Textual Information(1)
6 99999999 Savio Mendonca Head - Internal Audit & Risk Management Member 31-Oct-2019 Textual Information(2)
7 99999999 Sagar Patil CFO Member 28-Oct-2025 Textual Information(3)



Text Block
Textual Information(1) Mr. Tushar Gunderia, Head (Legal & Compliance) & Company Secretary is a Member of RMC
Textual Information(2) Mr. Savio Mendonca, Head- Internal Audit & Risk Management is a Member of RMC
Textual Information(3) Mr. Sagar Patil, CFO is a Member of RMC



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 28-Oct-2025 Yes 7 7 3
2 15-Dec-2025 47 Yes 7 7 3
3 30-Jan-2026 45 Yes 7 7 3
4 31-Mar-2026 59 Yes 7 7 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 28-Oct-2025 Yes 4 4 3 0
2 Audit Committee 15-Dec-2025 47 Yes 4 4 3 0
3 Audit Committee 30-Jan-2026 45 Yes 4 4 3 0
4 Audit Committee 31-Mar-2026 59 Yes 4 4 3 0
5 Nomination and remuneration committee 27-Oct-2025 Yes 3 3 2 0
6 Nomination and remuneration committee 11-Feb-2026 106 Yes 3 3 2 0
7 Nomination and remuneration committee 31-Mar-2026 47 Yes 3 3 2 0
8 Stakeholders Relationship Committee 30-Jan-2026 Yes 3 3 1 0
9 Risk Management Committee 18-Nov-2025 Yes 4 4 2 3
10 Risk Management Committee 15-Dec-2025 26 Yes 4 4 2 3



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 Tushar Gunderia
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 Yes
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 1
Sr Date of the event Brief details of the event
1 14-Feb-2026 A low severity cyber security incident has been identified within our parent group. There is no sensitive data that got breached, hence risk is classified as low The incident has been assessed and contained, with no significant financial impact observed on business operations or sensitive data.



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://blue-dart-ir-umb.azurewebsites.net/
1.2 Memorandum of Association and Articles of Association Yes chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://blue-dart-ir-umb.azurewebsites.net/media/2zsnkjfx/bluedart_moa_aoa.pdf
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://blue-dart-ir-umb.azurewebsites.net/governance/board-of-directors/
2 Terms and conditions of appointment of independent directors Yes chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://blue-dart-ir-umb.azurewebsites.net/media/i0tmk4dd/ind-director.pdf
3 Composition of various committees of board of directors Yes https://blue-dart-ir-umb.azurewebsites.net/governance/board-committees/
4 Code of conduct of board of directors and senior management personnel Yes chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://blue-dart-ir-umb.azurewebsites.net/media/vipjmik1/code-4.pdf
5 Details of establishment of vigil mechanism or whistle blower policy Yes chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://blue-dart-ir-umb.azurewebsites.net/media/2hyd13nf/bluedart_whistle_blower_policy-1.pdf
6 Criteria of making payments to non-executive directors Yes https://blue-dart-ir-umb.azurewebsites.net/financial-information/annual-reports/
7 Policy on dealing with related party transactions Yes chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://blue-dart-ir-umb.azurewebsites.net/media/ed5itwas/bluedart_relatedpartydisclosures_final-1.pdf
8 Policy for determining material subsidiaries Yes chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://blue-dart-ir-umb.azurewebsites.net/media/dfnnvmep/bluedart_policyonmaterialsubsidiary-1.pdf
9 Details of familiarization programmes imparted to independent directors Yes chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://blue-dart-ir-umb.azurewebsites.net/media/rixgzjdy/bluedart_familiarisationprogramme-3.pdf
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://blue-dart-ir-umb.azurewebsites.net/contact-ir/
11 Email address for grievance redressal and other relevant details Yes https://blue-dart-ir-umb.azurewebsites.net/contact-ir/
12 Financial results Yes https://blue-dart-ir-umb.azurewebsites.net/governance/board-meetings/
13 Shareholding pattern Yes https://blue-dart-ir-umb.azurewebsites.net/shareholder-information/shareholdings/
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://blue-dart-ir-umb.azurewebsites.net/announcements-events/regulatory-announcements/
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://blue-dart-ir-umb.azurewebsites.net/financial-information/investor-analyst-meetings/
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://blue-dart-ir-umb.azurewebsites.net/financial-information/financial-results/
18 Credit rating or revision in credit rating obtained Yes https://blue-dart-ir-umb.azurewebsites.net/credit-ratings/
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://blue-dart-ir-umb.azurewebsites.net/financial-information/subsidiaries-financials/
20 Secretarial compliance report Yes https://blue-dart-ir-umb.azurewebsites.net/governance/governance-reports/
21 Materiality policy as per regulation 30 (4) Yes chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://blue-dart-ir-umb.azurewebsites.net/media/ivbn3hjd/bluedart_policy_for_determining_materiality-1.pdf
22 Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) Yes chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://blue-dart-ir-umb.azurewebsites.net/media/ifyjfsrs/key-managerial-personnel.pdf
23 Disclosures under regulation 30(8) Yes https://blue-dart-ir-umb.azurewebsites.net/announcements-events/regulatory-announcements/
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 chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://blue-dart-ir-umb.azurewebsites.net/media/3vyefoop/dividend_distribution_policy_bluedart-1.pdf
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://blue-dart-ir-umb.azurewebsites.net/financial-information/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://blue-dart-ir-umb.azurewebsites.net/regulation-46-of-sebi-lodr/
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://blue-dart-ir-umb.azurewebsites.net/regulation-46-of-sebi-lodr/
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) 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 Tushar Gunderia
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 Textual Information(2)
Name Sagar Patil
Designation Chief Financial Officer
Place Mumbai
Date 17-Apr-2026



Text Block
Textual Information(3) No 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) have been given directly or indirectly by the Company to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them.



Signatory Details
Name of signatory Tushar Gunderia
Designation of person Company Secretary and Compliance Officer
Place Mumbai
Date 17-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 1
No. of investor complaints those remaining unresolved at the end of the Quarter 1


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 Office of the Joint Commissioner Bengaluru Order u/s 107(11) of CGST Act, 2017 04-Mar-2026 FORM GST APL - 04 order No : ZD290326016059C Date : 04/03/2026 Tax Period : Jul 2017 - MAR 2018 Imapct : Rs. 5,02,116 /- Penalty forming part of APL-04. Company is evaluating way forward
2 Office of the Joint Commissioner Bengaluru Order u/s 107(11) of CGST Act, 2017 04-Mar-2026 FORM GST APL - 04 order No : ZD290326016077E Date : 04/03/2026 Tax Period : Apr 2018 - MAR 2019 Impact: 1,57,600 /- Penalty forming part of APL-04. Company is evaluating way forward
3 Office of the Additional Commissioner of Revenue West Bengal Order u/s 107(11) of CGST Act, 2017 07-Jan-2026 FORM GST APL - 04 order No : ZD190126008268E Date : 07/01/2026 Tax Period : Apr 2019 - MAR 2020 Impact: 3,37,735 /- Penalty forming part of APL-04. Company is evaluating way forward
4 Office of the State Tax Officer Gujarat Order u/s 74 of CGST Act, 2017 27-Mar-2026 FORM GST DRC - 07 order No : ZD2403260954846 Date : 27/03/2026 Tax Period : Apr 2019 - MAR 2020 Impact: 11,78,370/- Penalty forming part of DRC-07. Company is evaluating way forward


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 Department of Commercial Taxes Palakkad State Goods and Services Tax Department, Ernakulam 18-Nov-2013 FY 2013-14 (18 November 2013) Non-payment of VAT on COD shipments delivered inside Kerala Penalty levied under Section 67(1) of the Kerala VAT Act, 2003 FY 2011-12 and FY 2012-13 (13 May 2014) Non-payment of VAT on COD shipments delivered inside Kerala Penalty levied under Section 67(1) of the Kerala VAT Act, 2003 FY 2013-14 (6 March 2020 served on 6 March 2021) Non-payment of VAT on COD shipments delivered inside Kerala. Penalty levied under Section 47of the Kerala VAT Act, 2003. Demand raised for FY 2011-12 and 2012-13 by Commercial Tax Officer against which Writ is filed with the Kerala High Court in month August 2015. An interim order has been issued staying recovery of tax demand and penalties from Blue Dart. Final hearing is awaited. (Tax Amount of Rs. 8.08 crores is under dispute plus applicable interest, penalty) Writ pending before the Kerala High Court
2 Additional / Joint / Deputy / Assistant Commissioner of Income Tax/ Income-tax Officer, National e-Assessment Centre 20-Jan-2023 AY 2021-22 ( 20 January 2023 ) Addition made of Rs. 19.70 Crores to returned income u/s 143(1)(a) of the Income tax Act, 1961. Tax thereon Rs. 4.96 Crores excluding interest Pending before the Commissioner of Income Tax (Appeals)
3 Deputy Commissioner of Income-tax- 1(2)(1), Mumbai 12-Dec-2023 AY 2015-16, 2016-17 and 2017-18 (12 December 2023) AY 2018-19 (21 September 2024). Whether dividend declared to a non-resident shareholder, rate of dividend distribution tax referred to in section 115-O of the Income tax Act, 1961 would be applicable and not the rate of tax mentioned in the relevant Double Tax Avoidance Agreement with reference to such dividend income Pending before the Bombay High Court
4 Excise and Taxation Department , Panchkula, haryana 30-Apr-2024 FY 2018-19 (30 April 2024) Demand raised for FY 2018-19 by excise and taxation officer cum proper officer, ward 2 Panchkula order dated 30th Apr 2024 against which appeal is filled with GST appellate on 29th Jul 2024. Tax amount Rs 7.9 Crores excluding interest and penalty. Ongoing Litigation Pending for hearing with GST Appellate - Haryana
5 Commissioner of Service Tax Chennai 10-Aug-2019 There is an ongoing service tax litigation of the Company’s subsidiary viz; Blue Dart Aviation Ltd., in respect of which the CESTAT had passed an order in favour of the Company’s subsidiary on 10th August,2018. The Revenue Department has preferred an appeal against said favourable order 2nd April, 2019, before the Supreme Court and matter is ongoing. There are no material developments as on date /status-quo. It is not determined as `contingent liability’ and we have been disclosing in the Subsidiary’s Accounts.” Admitted by the Supreme Court. Pending for hearing
6 Commissioner, Central GST, Panchkula, Haryana 03-Feb-2025 Demand raised for FY 2017-18 to 2021-22 by The Commissioner, Central GST, Panchkula, Haryana order dated 03rd February 2025. Tax amount Rs. 11.6 Crores excluding interest and penalty. Ongoing Litigation Pending for hearing with GST Appellate - Haryana
7 Assessment Unit Income Tax Department 30-Mar-2025 AY 2018-29 (30 March 2026) Order under section 147 of the IT Act, 1961. Demand raised for AY 2018-19 by Assessment unit Income Tax Department dated 30 March 2026. Demand amount is Rs. 70.58 Crores Including interest. Company is evaluating this matter and will file Appeal and Rectification in due course