Integrated Filing-Governance



General information about company

Scrip Code 544181
NSE Symbol AWFIS
MSEI Symbol NOTLISTED
ISIN INE108V01019
Name of the entity Awfis Space Solutions 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 as no such event occurred during the said period.
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? No
Reason For Part D Of Annexure I Disclosure Of Imposition Of Fine Or Penalty Is Not Applicable To The Entity No such incident of Imposition of Fine or Penalty was applicable to the entity for the quarter ended March 31, 2026.
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 as no such event occurred during the said period.
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 1000 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID coma01219
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 Position of Chairperson and Managing Director is held by the same person. Further, Mr. Amit Ramani, being a Promoter of the Company, is categorized as Chairperson related to Promoter.
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. Amit Ramani 00549918 Executive Director Chairperson related to Promoter MD 15-Apr-1974 No Active NA 17-Dec-2014 16-Jul-2024 135 2 1 3 1
2 Mr. Arjun Shanker Bhartia 03019690 Non-Executive - Non Independent Director Not Applicable 21-Feb-1987 No Active NA 22-Nov-2023 28 3 0 0 0
3 Mr. Sanjay Mahesh Shah 00375679 Non-Executive - Independent Director Not Applicable 30-Aug-1963 No Active NA 03-Dec-2023 27 1 1 2 0
4 Mr. Anil Parashar 00055377 Non-Executive - Independent Director Not Applicable 17-Aug-1958 No Active NA 03-Dec-2023 27 2 1 3 1
5 Mrs. Radhika Gokul Jaykrishna 01851034 Non-Executive - Independent Director Not Applicable 11-Jul-1969 No Active NA 03-Dec-2023 27 1 1 0 0
6 Mr. Rajesh Kharabanda 01495928 Non-Executive - Non Independent Director Not Applicable 24-Jun-1968 No Active NA 04-May-2024 22 1 0 1 1



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 00055377 Anil Parashar Non-Executive - Independent Director Chairperson 13-Dec-2023
2 00549918 Amit Ramani Executive Director Member 13-Dec-2023
3 00375679 Sanjay Mahesh Shah Non-Executive - Independent Director Member 13-Dec-2023



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 00375679 Sanjay Mahesh Shah Non-Executive - Independent Director Chairperson 13-Dec-2023
2 01495928 Rajesh Kharabanda Non-Executive - Non Independent Director Member 15-Jul-2025
3 00055377 Anil Parashar Non-Executive - Independent Director Member 13-Dec-2023



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 01495928 Rajesh Kharabanda Non-Executive - Non Independent Director Chairperson 04-May-2024
2 00375679 Sanjay Mahesh Shah Non-Executive - Independent Director Member 08-Dec-2023
3 00549918 Amit Ramani Executive Director Member 08-Dec-2023



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 00549918 Amit Ramani ED Chairperson 08-Dec-2023
2 01495928 Rajesh Kharabanda NED Member 04-May-2024
3 00375679 Sanjay Mahesh Shah ID Member 08-Dec-2023
4 00000000 Sumit Lakhani Chief Executive Officer Member 08-Dec-2023 Textual Information(1)
5 00000000 Sumit Rochlani CFO Member 18-Mar-2026 Textual Information(2)
6 00000000 Ravi Dugar CFO Member 08-Dec-2023 02-Feb-2026 Textual Information(3)



Text Block
Textual Information(1) Chief Executive Officer
Textual Information(2) Chief Financial Officer
Textual Information(3) Mr. Ravi Dugar continued in service up to February 02, 2026, after which he was relieved from the services of the Company including the Risk Management Committee Membership.



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 6 5 3
2 11-Nov-2025 13 Yes 6 5 2
3 23-Dec-2025 41 Yes 6 4 2
4 05-Jan-2026 12 Yes 6 5 3
5 02-Feb-2026 27 Yes 6 5 3
6 26-Feb-2026 23 Yes 6 6 3



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1 Audit Committee 11-Nov-2025 Yes 3 3 2 0
2 Nomination and remuneration committee 24-Nov-2025 12 Yes 3 2 2 0
3 Audit Committee 23-Dec-2025 28 Yes 3 3 2 0
4 Nomination and remuneration committee 05-Jan-2026 12 Yes 3 2 2 0
5 Audit Committee 05-Jan-2026 Yes 3 3 2 0
6 Audit Committee 02-Feb-2026 27 Yes 3 3 2 0
7 Audit Committee 23-Feb-2026 20 Yes 3 3 2 0
8 Risk Management Committee 23-Mar-2026 27 Yes 5 2 1 2
9 Stakeholders Relationship Committee 23-Mar-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: The Integrated Governance Report for (previous) quarter ended December 31, 2025 was duly placed before the Board of Directors. There were no comments/observations/advice of the Board of Directors on the said report. Further, the Integrated Governance Report for this quarter ended i.e. March 31, 2026 shall be duly placed before the Board of Directors at their upcoming meeting.



Annexure 1
Sr Subject Compliance status
1 Name of signatory Shweta Gupta
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://www.awfis.com/investor-relations/initial-public-offer/disclosure-under-regulation-46-of-SEBI-LODR
1.2 Memorandum of Association and Articles of Association Yes https://www.awfis.com/investor-relations/initial-public-offer/disclosure-under-regulation-46-of-SEBI-LODR
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://www.awfis.com/investor-relations/initial-public-offer/disclosure-under-regulation-46-of-SEBI-LODR
2 Terms and conditions of appointment of independent directors Yes https://www.awfis.com/images/reports/disclosure-under-regulation/Terms%20of%20appointment%20of%20Independent%20Directors.pdf
3 Composition of various committees of board of directors Yes https://www.awfis.com/investor-relations/initial-public-offer/disclosure-under-regulation-46-of-SEBI-LODR
4 Code of conduct of board of directors and senior management personnel Yes https://www.awfis.com/images/reports/disclosure-under-regulation/Code%20of%20Conduct%20by%20Board%20of%20Directors%20and%20Senior%20Managerial%20Personnel.pdf
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://www.awfis.com/images/reports/miscellaneous/Whistleblower%20Policy%20-%202024.pdf
6 Criteria of making payments to non-executive directors Yes https://www.awfis.com/images/reports/disclosure-under-regulation/NRC%20Policy.pdf
7 Policy on dealing with related party transactions Yes https://www.awfis.com/images/reports/statutory-policies/Policy%20on%20Related%20Party%20Transactions%20(1).pdf
8 Policy for determining material subsidiaries Yes https://www.awfis.com/images/reports/statutory-policies/Policy%20for%20Determining%20Material%20Subsidiary%20(2).pdf
9 Details of familiarization programmes imparted to independent directors Yes https://www.awfis.com/investor-relations/initial-public-offer/statutory-policies
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://www.awfis.com/investor-relations/initial-public-offer/disclosure-under-regulation-46-of-SEBI-LODR
11 Email address for grievance redressal and other relevant details Yes https://www.awfis.com/investor-relations/initial-public-offer/investor-relations-contact
12 Financial results Yes https://www.awfis.com/investor-relations/initial-public-offer/financials
13 Shareholding pattern Yes https://www.awfis.com/investor-relations/initial-public-offer/shareholdingPattern
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://www.awfis.com/investor-relations/initial-public-offer/financials
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://www.awfis.com/investor-relations/initial-public-offer/financials
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://www.awfis.com/investor-relations/initial-public-offer/financials
18 Credit rating or revision in credit rating obtained Yes https://www.awfis.com/investor-relations/initial-public-offer/disclosure-under-regulation-46-of-SEBI-LODR
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://www.awfis.com/investor-relations/initial-public-offer/subsidiary
20 Secretarial compliance report Yes https://www.awfis.com/investor-relations/initial-public-offer/secretarial-compliance
21 Materiality policy as per regulation 30 (4) Yes https://www.awfis.com/images/reports/miscellaneous/Materiality%20Policy.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://www.awfis.com/investor-relations/initial-public-offer/disclosure-under-regulation-46-of-SEBI-LODR
23 Disclosures under regulation 30(8) Yes https://www.awfis.com/investor-relations/initial-public-offer/compnayAnnouncement
24 Statements of deviation(s) or variations(s) as specified in regulation 32 Yes https://www.awfis.com/investor-relations/initial-public-offer/financials
25 Dividend distribution policy as specified in regulation 43A (1) Yes https://www.awfis.com/images/reports/miscellaneous/Dividend%20Distribution%20Policy.pdf
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://www.awfis.com/investor-relations/initial-public-offer/annual-returns
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://www.awfis.com/investor-relations/initial-public-offer/disclosure-under-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://www.awfis.com/investor-relations/initial-public-offer/disclosure-under-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) 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) 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) NA
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 Shweta Gupta
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 Shweta Gupta
Designation of person Company Secretary and Compliance Officer
Place New Delhi
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 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


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 07-Mar-2023 The Writ Petion for A.Y. 2019-20 has been filed to challenge notice dated 07.03.2023 issued u/s 148A of the Income tax Act, 1961 and resultant Order dated 31.03.2023 u/s 148A(d) of the Act and also against consequential notice dated 31.03.2023 issued u/s 148 of the Act. The Hon'ble Delhi HC vide order dated 11.07.2023 has stayed the impugned order and notice dated 31.03.2023 Next date of hearing: 29.11.2023 In the proceedings held on 29.11.2023, Learned counsel for the Income Tax Department prayed for and is permitted to file a counter affidavit within four weeks. The matter is now listed for 16th April, 2024. Interim order to continue. On 16th April 2024, the Matter has been further adjourned to 9th July 2024. On 9th July 2024 the matter has now been adjourned for hearing on 12.09.2024. Matter now adjourned for 03.12.2024, matter is now adjourned for 10.02.2025, now case is listed for 6th March, 2025, matter again adjourned for 16th March 2026 Case was last adjourned till 16-03-2026. On 16th March, 2026, counsel appearing on behalf of the respondent – Revenue sought an adjournment. The matter has now been listed for the next hearing on 03.08.2026.
2 Joint Commissioner of Income Tax, Circle 1 29-May-2023 1. Assessing officer issued order u/s 143(3) for AY 2017-18 and raised a demand of Rs. 21,14,00,461/- 2. Company filed appeal with CIT(A) on 28/01/2020 and the first Appeal Proceedings's hearing was scheduled for 25/01/2021 to which a proper response was submitted along with the facts and explanations of the case on 05th February' 2021. Company had filed a WRIT before Hon'ble Delhi High Court on 02nd February' 2021 in the order of which the CIT (A) was directed to dispose of the matter in a time bound manner i.e. 2 Months from the date of order, the same was also communicated to CIT (A) by way of additional reply to the Notice Dt. 25/01/2021 on 10/02/2021. The CIT(A) disregarded the Hon'ble High Court's Order and did not dispose of the Appeal as directed. The aggreived Company again submitted a complete response to the CIT(A) dated 23/24.12.2021. Further, the Company has again filed a WRIT before the Hon'ble Delhi High Court on 10th March' 2022 for which Hon'ble Delhi High Court ordered the IT Dept to release a refund of Rs. 8,02,97,492/- within a period of Six Weeks from the date of Order. On 19/03/2022 CIT(A) issued a Notice u/s 250 related to grounds of appeal to which a complete reply was furnished on 24th March' 2022. As per the order dt. 04th April 2022, deptt. issued refund Rs. 2,23,54,907/- on 10-Jun-22 and Rs. 5,79,42,585/- on 10-Aug-22. Company is still awaiting for further communication from National Faceless Appeal Center in order to dispose of the appeal. Order issued by National Faceless Appeal Centre (NFAC) u/s 250 on 8-Mar-23 in our favour and we filed application for balance refund of Rs. 15,34,57,467 on 17-Mar-23 alongwith interest and refund is awaited. Appeal effect order received from IT deptt. on 30-May-23 for issue of refund. We have received notice from ITAT Delhi Bench and a hearing is scheduled on 18 October 23 In the first hearing held on 18th October, 2023, the ITAT, Delhi - Bench has asked Department's representative to file condonation for late filing of Appeal. The case has been adjourned to 4th January, 2024. On 4th januray, 2024 the case is further adjourned to 11th March, 2024 without any serious discussions. On 11th March, the case has been further adjourned to 16.05.2024. On 16.05.2023, the matter was adjourned for hearing to 29.07.2024, On 29.07.2024, the matter was adjourned for hearing to 21.08.2024., Matter is now adjourned and listed for 20.11.2024, now listed for 30.01.2025, same is now adjourned till 17.04.2025, again adjourned for 19.06.2025, new date of hearing is 11.08.2025 Matter was heard on 1st November 2025 and verdict has been reserved. The Hon'ble Delhi ITAT A Bench has granted total relief through its Order dated 05.12.2025 by dismissing the Appeal filed by the Income Tax Department.
3 The Deputy Commissioner of State Tax, Mazgaon, Mumbai 23-Feb-2024 Our Company received an email from the Deputy Commissioner of State Tax, Mazgaon, Mumbai (the “Deputy Commissioner”) on February 23, 2024, alleging that the excess integrated goods and service tax credit amounting to ₹ 48.32 million (the “IGST Credit”) is lying in the GSTR-2B (auto drafted input tax credit statement) relating to the financial year 2022-23. Pursuant to the circular issued by the Central Board of Indirect Taxes and Customs vide the circular number 170/02/2022-GST dated July 6, 2022, regarding mandatory furnishing of correct and proper information of inter-state supplies and amount of ineligible/blocked input tax credit and reversal thereof in return in GSTR-3B and statement in GSTR-1, the Deputy Commissioner ordered that the excess IGST Credit lying in GSTR-2B and the unreported credit of our Company to be reported into table 4(A) of GSTR-3B and report reversal in table 4B(1) of the same return. A reply has been sent by our Company through the email dated March 14, 2024. Reply has been filed, pending at department's end.
4 Commercial Tax Officer, Chennai Central Jurisdiction 06-Jun-2025 We are in the receipt of DRC-01 in Tamil Nadu state dated 25th June, 2025 in respect of an Inspection conducted in AWFIS premises dated 6th November, 2024, where GST department has sought multiple documents and details related to FY 2019-20 to FY 2024-25, we are in the process of sharing reply to notice of each year separately, amount involved in this case is Rs.7,61,11,128/-. Reply of FY 2019-20 filed separately on 16-Dec-25. Later, personal hearing notice for submission of documents in response to DRC-01 received on 12-Mar-26 for FY 2019-20. Final order u/s 74 received on 23-Mar-26 in the form of DRC-07 with nil demand for FY 2019-20. Replies for all years submitted. Order received for FY 2019-20 with nil demand. Action pending on officer for rest of the years.
5 Deputy Commissioner of State Tax, Mazgaon, Mumbai 16-Jun-2025 Our Company had received an audit notice in form GST ADT-01 dated January 16, 2023, (the ADT-01 Notice) from the Deputy Commissioner of State Tax, Mazgaon, Mumbai (the “Deputy Commissioner”) wherein our Company was asked to provide records / information of our Company pertaining to the financial year 2019-20 for the audit of our books of account. In response to the ADT-01 Notice, our Company has submitted the relevant records / information and filed a reply via the email dated January 10, 2024. In pursuance of the said submission of the records / information by us, our Company received an audit observation notice in form GST ADT-02 dated April 18, 2024, (the “ADT-02 Notice”) in terms of section 65 of the Central Goods and Service Tax Act, 2017 by the Deputy Commissioner in reference to the discrepancies in the audit of records of our Company for the financial year 2019-20 raising demand of ₹ 20.20 million from our Company. A reply to the ADT-02 Notice has been submitted by our Company via e-mail dated May 3, 2024. On May 7, 2024, our Company received an intimation of tax ascertained under section 73 of the Central Goods and Service Tax Act, 2017 / the Maharashtra Goods and Service Tax Act, 2017 in form GST DRC-01A from the Deputy Commissioner partially accepting our reply to ADT-02 Notice revising the amount of tax / interest / penalty payable by our Company from ₹ 20.20 million to ₹ 19.67 million. Further, our Company received form GST DRC-01 from the Deputy Commissioner on May 21, 2024, with an updated tax and other dues payable by our Company amounting to ₹ 19.80 million DRC-01 has been received dated 21.05.2024 raising demand of Rs. 1,98,07,958/-, reply of the same is done in June, 2024 month. Against order u/s 73, appeal has been filed.
6 Office of the Deputy Commissioner of State Tax 27-Nov-2024 For the month of October 2024, DRC-01C was issued dated 27th November, 2024, for claiming of excess ITC (2B vs 3B) of Rs. 4,46,12,994/- as ITC related to FY 2023-24 of Leasehold improvement as per Safari Retreat case has been reclaimed, same was converted to DRC-01A dated 7th January, 2025. Reply has been filed, pending at department's end