Integrated Filing-Governance



General information about company

Scrip Code 530803
NSE Symbol BHAGERIA
MSEI Symbol NOTLISTED
ISIN INE354C01027
Name of the entity Bhageria Industries 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
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 The company has given loan and Corporate Gurantee to Rahuri Cleantech Private Limited, New Ahilyanagar Solar Private Limited, Salasar Renewables Privatte Limited, Hikaru Solar Power Private Limited , Which is wholly-owned subsidiary companies. As per explainantion given in note to sheet whether Annexure 1 (Part F) of SEBI circular dated December 31, 2024 related to disclosure of loans/Guerentees/Comfort letteres/securities etc. is applicable to the entity, the disclosure to be given shall exclude any loan (or other form of debt). Guarentee /Comfort letter (by whatever name called) or security provided in connection with any loan or any other form of debt by the listed entity to/for its subsisdiary (and Joint-venture company) whose accounts are consolidated with the listed company. In view of the explainantion given above, the loan given by company to, Wholly-owned subsidiary companies, is not reported. other then above there was no other loan (or other form of debt), guarentee / comfort letter (by whatever name called) or securities in connection with any loan(s)(or other form of debt) give directly or indirectly by the listed entity ) to promoter(s), Promoter group, Director(s) (including their relatives), Key Managerial Personnel (including their immidiate relatives) or any entity controlled by them.
Risk management committee No
Market Capitalisation as per immediate previous Financial Year Top 2000 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID b00111
Reason For No SCORE ID
Type of Submission Original
Remarks (website dissemination)



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
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. SURESH KESHAVDEO BHAGERIA 00540285 Executive Director Chairperson related to Promoter 14-Jan-1955 No Active NA 21-Dec-1994 01-Apr-2024 0 1 0 1 0
2 Mr. VIKAS BHAGERIA 02976966 Executive Director Not Applicable 15-Jan-1979 No Active NA 02-Mar-2015 01-Apr-2024 0 1 0 0 0
3 Mr. VINOD KESHAWDEO BHAGERIA 00540308 Executive Director Not Applicable MD 20-Jun-1956 No Active NA 12-Jul-1989 01-Apr-2024 0 1 0 0 0
4 Mrs. AMEYA PRAKASH JADHAV 08696918 Non-Executive - Independent Director Not Applicable 02-Sep-1985 No Active NA 01-Apr-2020 01-Apr-2025 72 1 1 2 0
5 Mr. MUKUND MANOHAR CHITALE 00101004 Non-Executive - Independent Director Not Applicable 16-Nov-1949 No Active Yes 09-Sep-2023 25-Mar-2019 25-Mar-2024 84.07 2 2 2 2
6 Mr. GANAPATI DADASAHEB YADAV 02235661 Non-Executive - Independent Director Not Applicable 14-Sep-1952 No Active Yes 31-Aug-2024 21-Oct-2019 21-Oct-2024 77.11 5 5 3 0
7 Mr. VIKAS BRIJMOHAN GOEL 08265897 Non-Executive - Independent Director Not Applicable 27-Jun-1965 No Active NA 05-Aug-2023 05-Aug-2023 31.27 1 1 2 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 00101004 MUKUND MANOHAR CHITALE Non-Executive - Independent Director Chairperson 21-Oct-2019
2 08696918 AMEYA PRAKASH JADHAV Non-Executive - Independent Director Member 27-Jan-2021
3 08265897 VIKAS BRIJMOHAN GOEL Non-Executive - Independent Director Member 01-Apr-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 08265897 VIKAS BRIJMOHAN GOEL Non-Executive - Independent Director Chairperson 01-Apr-2024
2 00101004 MUKUND MANOHAR CHITALE Non-Executive - Independent Director Member 27-Jan-2021
3 08696918 AMEYA PRAKASH JADHAV Non-Executive - Independent Director Member 31-Jul-2020



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 08265897 VIKAS BRIJMOHAN GOEL Non-Executive - Independent Director Chairperson 01-Apr-2024
2 08696918 AMEYA PRAKASH JADHAV Non-Executive - Independent Director Member 27-Jan-2021
3 00540285 SURESH KESHAVDEO BHAGERIA Executive Director Member 21-Jan-2019



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 18-Oct-2025 Yes 7 7 4
2 02-Feb-2026 106 Yes 7 7 4



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 18-Oct-2025 Yes 3 3 3 0
2 Audit Committee 02-Feb-2026 106 Yes 3 3 3 0
3 Stakeholders Relationship Committee 02-Feb-2026 Yes 3 3 2 0
4 Risk Management Committee 02-Feb-2026 Yes 4 4 2 0



Annexure 1
VI. Affirmations
Sr Subject Compliance status (Yes/No)
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee Yes
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee Yes
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee Yes
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) NA
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 Deepa Toshniwal
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://bhageriagroup.com/business-about/
1.2 Memorandum of Association and Articles of Association Yes https://bhageriagroup.com/memorandum-of-association-article-of-association/
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://bhageriagroup.com/key-members/
2 Terms and conditions of appointment of independent directors Yes https://bhageriagroup.com/wp-content/uploads/2025/04/5.Policy_remuneration_selection_for_appointment.pdf
3 Composition of various committees of board of directors Yes https://bhageriagroup.com/committee-members/
4 Code of conduct of board of directors and senior management personnel Yes https://bhageriagroup.com/wp-content/uploads/2025/03/4.-Code-of-Conduct.pdf
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://bhageriagroup.com/wp-content/uploads/2025/04/1.Policy-on-Material-Subsidiary-updated.pdf
6 Criteria of making payments to non-executive directors Yes https://bhageriagroup.com/wp-content/uploads/2026/03/3.Criteria-for-Making-Payments-to-Non-Executive-Directors-Policy.pdf
7 Policy on dealing with related party transactions Yes https://bhageriagroup.com/wp-content/uploads/2025/04/1.Policy-on-Material-Subsidiary-updated.pdf
8 Policy for determining material subsidiaries Yes https://bhageriagroup.com/wp-content/uploads/2025/04/1.Policy-on-Material-Subsidiary-updated.pdf
9 Details of familiarization programmes imparted to independent directors Yes https://bhageriagroup.com/familiarization-program/
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://bhageriagroup.com/shareholders-enquiries/
11 Email address for grievance redressal and other relevant details Yes https://bhageriagroup.com/shareholders-enquiries/
12 Financial results Yes https://bhageriagroup.com/financial-information/
13 Shareholding pattern Yes https://bhageriagroup.com/shareholding-pattern/
14 Details of agreements entered into with the media companies and/or their associates Yes https://bhageriagroup.com/corporate-announcement/
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet Yes https://bhageriagroup.com/corporate-announcement/
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://bhageriagroup.com/corporate-announcement/
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://bhageriagroup.com/regulation-47/
18 Credit rating or revision in credit rating obtained Yes https://bhageriagroup.com/credit-ratings/
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://bhageriagroup.com/financial-statements-of-subsidiary/
20 Secretarial compliance report Yes https://bhageriagroup.com/annual-secretarial-compliance-report/
21 Materiality policy as per regulation 30 (4) Yes https://bhageriagroup.com/wp-content/uploads/2025/04/2.BILMateriality-Policy.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://bhageriagroup.com/shareholders-enquiries/
23 Disclosures under regulation 30(8) Yes https://bhageriagroup.com/corporate-announcement/
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://bhageriagroup.com/wp-content/uploads/2025/03/7.-Dividend-Distribution-Policy.pdf
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://bhageriagroup.com/financial-information/
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://bhageriagroup.com/regulation-46-62/
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://bhageriagroup.com/regulation-46-62/
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) NA
26 Meeting of Risk Management Committee 21(3A) NA
27 Quorum of Risk Management Committee meeting 21(3B) NA
28 Gap between the meetings of the Risk Management Committee 21(3C) NA
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) 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) 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) Yes
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 Deepa Toshniwal
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 Deepa Toshniwal
Designation of person Company Secretary and Compliance Officer
Place Mumbai
Date 16-Apr-2026


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 0
No. of investor complaints received during the Quarter 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 Office of the Asst./ Dy. Commissioner of (CGST & Central Excise), Division-IV Palghar Commissionerate 1.     Demand of Input Tax confirmed amounting to ₹ 1,05,22,565/- in IGST under Section 74(9) of the CGST Act, 2017, on account of ineligible Input Tax Credit, along with interest under Section 50 of the Act and penalty equivalent to the tax amount under Section 122(2)(b) of the CGST Act, for the period April 2019 to March 2020. 30-Mar-2026 1.     Demand of Input Tax confirmed amounting to ₹ 1,05,22,565/- in IGST under Section 74(9) of the CGST Act, 2017, on account of ineligible Input Tax Credit, along with interest under Section 50 of the Act and penalty equivalent to the tax amount under Section 122(2)(b) of the CGST Act, for the period April 2019 to March 2020. The Company will be filing an appeal before the Commissioner (Appeals) against the said order before the due date. There is no impact on financial operations or any other activities of the Company due to this order.
2 Maharashtra Pollution Control Board (MPCB) Issuance of Conditional Restart Directions permitting resumption of manufacturing operations under Section 33A of the Water (Prevention & Control of Pollution) Act, 1974 and Section 31A of the Air (Prevention & Control of Pollution) Act, 1981. 18-Mar-2026 The incident involved the fall of a measuring tank containing Oleum, resulting in the leakage and spread of Oleum fumes in the surrounding area, creating a temporary fog-like situation. There is no injury or casualty reported. Considering this incident the Company has been directed by MPCB to voluntarily close down as a precautionary measure and safety purpose. The incident involved the fall of a measuring tank containing Oleum, resulting in the leakage and spread of Oleum fumes in the surrounding area, creating a temporary fog-like situation. There is no injury or casualty reported. Considering this incident the Company has been directed by MPCB to voluntarily close down as a precautionary measure and safety purpose. Order includes the Forfeiture of Bank Guarantee of ₹1,00,000 due to non-compliance with stipulated consent conditions


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 Additional commissioner, CGST & Central Excise, Palghar Commissionerate 31-Dec-2025 1. Penalty confirmed of ₹ 1,79,81,586/- under Section 74(1) of the CGST Act, 2017 on account of availment of Input Tax Credit of Compensation Cess for the period FY 2018–19 to FY 2023–24. 2. Penalty confirmed of ₹ 75,17,512/- under Section 74(1) of the CGST Act, 2017 on account of availment of Input Tax Credit of Compensation Cess for the period FY 2024–25. 3. Demand of Input Tax confirmed amounting to ₹ 37,48,073/- in IGST under Section 74(1) of the CGST Act, 2017, on account of excess availment of ITC in GSTR-3B as compared to ITC reflected in GSTR-2A, along with interest under Section 50 of the Act and penalty equivalent to the tax amount under Section 122(2)(b) of the CGST Act, for the period from FY 2018–19 to FY 2023–24. 4. Demand of ITC confirmed of ₹3,86,540/-in IGST & SGST each under Section 74(1) of the CGST Act, 2017, on account of excess availment of CGST and SGST in GSTR-3B as compared to credit reflected in GSTR-2A for the period FY 2024–25, along with interest under Section 50 of the Act and penalty equivalent to the tax amount under Section 122(2)(b) of the CGST Act, 2017. The Company has filed an appeal before the Commissioner (Appeals) against the aforesaid order. The said order has no impact on the Company’s financial operations or any other business activities.
2 Income Tax Department 08-May-2023 The Assessment Unit of the Income Tax Department has issued an order of ₹115.31 lakhs for the disallowance of expenditure/loss for AY 2015-16. The company has challenged the demand by filing an appeal, which is currently pending before the Commissioner of Income Tax (Appeals). During the current quarter, the appeal has been adjudicated by the Commissioner of Income Tax (Appeals) in favour of the Company, resulting in deletion of the demand raised.
3 Additional Commissioner, CGST & Central Excise 13-Dec-2023 The Commissioner of CGST, Palghar, has issued a tax demand of ₹2.09 crore for violating Rule 96(10) of the GST Rules, 2017, during the period from October 2017 to March 2021. The company has appealed against the order, and the matter is currently pending before the CGST Commissioner (Appeals). No Change in Status
4 Addl. Commissioner of Customs (Preventive) 30-Mar-2013 Addl. Commissioner of Customs (Preventive), Mumbai, has issued an order amounting to ₹33.28 lakhs concerning the misclassification of imported coal and the alleged wrongful availing of exemption benefits under relevant notifications. The company has challenged this order by filing an appeal, which is currently pending before the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT). No Change in Status
5 Department Of Gujarat State Tax 30-Mar-2013 Deputy Commissioner of Commercial Tax (Appeal), Surat, has issued an order amounting to ₹8.81 lakhs for disallowance of Input credit. The company has challenged this order by filing an appeal, which is currently pending before the Gujarat Value Added Tax Tribunal, Ahmedabad. No Change in Status
6 Office of the Asst./ Dy. Commissioner of (CGST & Central Excise), Division-IV Palghar Commissionerate 30-Mar-2026 1. Demand of Input Tax confirmed amounting to ₹ 1,05,22,565/- in IGST under Section 74(9) of the CGST Act, 2017, on account of ineligible Input Tax Credit, along with interest under Section 50 of the Act and penalty equivalent to the tax amount under Section 122(2)(b) of the CGST Act, for the period April 2019 to March 2020. The Company will be filing an appeal before the Commissioner (Appeals) against the said order before the due date. There is no impact on financial operations or any other activities of the Company due to this order.