Integrated Filing-Governance



General information about company

Scrip Code 544570
NSE Symbol WEWORK
MSEI Symbol NOTLISTED
ISIN INE085001019
Name of the entity WEWORK INDIA MANAGEMENT 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 occured during the quarter ended March 31, 2026.
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 Not Applicable as no such event occured during 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 Loans/Guarantees/Comfort Letterers/Securities etc were advanced/provided by the listed entity during the half year ended March 31, 2026.
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 1000 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID comw00193
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 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. Jitendra Mohandas Virwani 00027674 Non-Executive - Non Independent Director Chairperson 18-Feb-1966 No Active NA 27-Sep-2024 3 0 3 0
2 Mr. Karan Virwani 03071954 Executive Director Not Applicable CEO-MD 10-Nov-1991 No Active NA 07-Oct-2016 27-Sep-2024 1 0 2 0
3 Mr. Adnan Mostafa Ahmad 10838524 Non-Executive - Nominee Director Not Applicable 07-Mar-1985 No Active NA 28-Nov-2024 1 0 0 0 Textual Information(1)
4 Mr. Manoj Kumar Kohli 00162071 Non-Executive - Independent Director Not Applicable 03-Dec-1958 No Active NA 27-Sep-2024 27-Sep-2024 18.04 6 6 6 4
5 Ms. Mahua Acharya 03030535 Non-Executive - Independent Director Not Applicable 30-Apr-1977 No Active NA 17-Oct-2024 17-Oct-2024 17.14 3 3 4 2
6 Ms. Anupa Rajiv Sahney 00341721 Non-Executive - Independent Director Not Applicable 19-Oct-1967 No Active NA 17-Oct-2024 17-Oct-2024 17.14 3 3 8 4



Text Block
Textual Information(1) Mr. Adnan Mostafa Ahmad is a foreign resident and hence does not have PAN



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 00162071 Manoj Kumar Kohli Non-Executive - Independent Director Chairperson 22-Oct-2024
2 00341721 Anupa Rajiv Sahney Non-Executive - Independent Director Member 22-Oct-2024
3 03030535 Mahua Acharya Non-Executive - Independent Director Member 22-Oct-2024
4 03071954 Karan Virwani Executive Director Member 22-Oct-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 00341721 Anupa Rajiv Sahney Non-Executive - Independent Director Chairperson 22-Oct-2024
2 00027674 Jitendra Mohandas Virwani Non-Executive - Non Independent Director Member 22-Oct-2024
3 00162071 Manoj Kumar Kohli Non-Executive - Independent Director Member 22-Oct-2024
4 03030535 Mahua Acharya Non-Executive - Independent Director Member 22-Oct-2024



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 03030535 Mahua Acharya Non-Executive - Independent Director Chairperson 22-Oct-2024
2 00341721 Anupa Rajiv Sahney Non-Executive - Independent Director Member 22-Oct-2024
3 03071954 Karan Virwani Executive Director Member 22-Oct-2024



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 03071954 Karan Virwani ED Chairperson 22-Oct-2024
2 00027674 Jitendra Mohandas Virwani NED Member 22-Oct-2024
3 00162071 Manoj Kumar Kohli ID Member 22-Oct-2024
4 99999999 Hiranmai Rallabandi General Counsel & Chief Governance Officer Member 22-Oct-2024 Textual Information(1)



Text Block
Textual Information(1) Hiranmai Rallabandi is a Non-Director Member of the Risk Management Committee, and hence the DIN is not provided.



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 07-Oct-2025 Yes 6 5 2
2 10-Nov-2025 33 Yes 6 5 3
3 09-Dec-2025 28 Yes 6 4 2
4 27-Jan-2026 48 Yes 6 5 2



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 10-Nov-2025 Yes 4 4 3 0
2 Audit Committee 27-Jan-2026 77 Yes 4 3 2 0
3 Nomination and remuneration committee 10-Nov-2025 Yes 4 4 3 0
4 Nomination and remuneration committee 09-Dec-2025 28 Yes 4 3 3 0
5 Risk Management Committee 09-Dec-2025 Yes 3 2 1 1
6 Risk Management Committee 24-Mar-2026 104 Yes 3 3 1 1
7 Stakeholders Relationship Committee 18-Mar-2026 Yes 3 3 2 0



Annexure 1
VI. Affirmations
Sr Subject Compliance status (Yes/No)
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee Yes
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee Yes
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee Yes
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) Yes
6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. Yes
7 The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors. Yes
9 Any comments/observations/advice of Board of Directors may be mentioned here:



Annexure 1
Sr Subject Compliance status
1 Name of signatory Udayan Shukla
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://wework.co.in/about-us/
1.2 Memorandum of Association and Articles of Association Yes https://wework.co.in/investors-relations/disclosures/#disclosures
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://wework.co.in/investors-relations/board-of-directors/#board
2 Terms and conditions of appointment of independent directors Yes https://wework.co.in/investors-relations/Terms+and+Conditions+of+Appointment+of+Independent+Director.pdf
3 Composition of various committees of board of directors Yes https://wework.co.in/investors-relations/board-of-directors/#committee
4 Code of conduct of board of directors and senior management personnel Yes https://wework.co.in/investors-relations/8.+Code+of+Conduct+for+Board+and+Senior+Management.pdf
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://wework.co.in/investors-relations/3.%20Whistle%20Blower%20Policy.pdf
6 Criteria of making payments to non-executive directors Yes https://wework.co.in/investors-relations/4.%20Nomination%20and%20Remuneration%20Policy.pdf
7 Policy on dealing with related party transactions Yes https://wework.co.in/investors-relations/RPT_POLICY.pdf
8 Policy for determining material subsidiaries Yes https://wework.co.in/investors-relations/Policy+for+determining+Material+Subsidiaries.pdf
9 Details of familiarization programmes imparted to independent directors Yes https://wework.co.in/investors-relations/familiar.pdf
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://wework.co.in/investors-relations/contacts/#contacts
11 Email address for grievance redressal and other relevant details Yes https://wework.co.in/investors-relations/contacts/#contacts
12 Financial results Yes https://wework.co.in/investors-relations/financial-information/#qtr-fin-res
13 Shareholding pattern Yes https://wework.co.in/investors-relations/shareholding-pattern/
14 Details of agreements entered into with the media companies and/or their associates NA
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet Yes https://wework.co.in/investors-relations/shareholders-information/#analysts
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://wework.co.in/investors-relations/shareholders-information/#analysts
16 New name and the old name of the listed entity Yes https://wework.co.in/investors-relations/New%20name%20and%20old%20name%20of%20the%20Company%20(2).pdf
17 Advertisements as per regulation 47 (1) Yes https://wework.co.in/investors-relations/newspaper-advertisement/#news
18 Credit rating or revision in credit rating obtained Yes https://wework.co.in/investors-relations/Credit%20Ratings%20(2).pdf
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://wework.co.in/investors-relations/disclosures/#disclosures
20 Secretarial compliance report Yes https://wework.co.in/investors-relations/disclosures/#disclosures
21 Materiality policy as per regulation 30 (4) Yes https://wework.co.in/investors-relations/Policy%20on%20Disclosure%20of%20material%20events.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://wework.co.in/investors-relations/Intimation%20-%20Regulation%2030(5)%20of%20SEBI%20Listing%20Regulations.pdf
23 Disclosures under regulation 30(8) Yes https://wework.co.in/investors-relations/shareholders-information/#stock-exchange-filings
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://wework.co.in/investors-relations/2.%20Dividend%20Distribution%20Policy.pdf
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://wework.co.in/investors-relations/general-meetings/#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://wework.co.in/investors-relations/disclosures/#disclosures
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://wework.co.in/investors-relations/disclosures/#disclosures
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) 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) Yes
44 Memberships in Committees 26(1) Yes
45 Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel 26(3) Yes
46 Policy with respect to Obligations of directors and senior management 26(2) & 26(5) Yes
47 Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity 26(6) Yes
48 Vacancies in respect Key Managerial Personnel 26A(1) & 26A(2), 26A(3) Yes
Any other information to be provided - Add Notes



Annexure II
III. Affirmations
Sr Particulars Compliance status (Yes/No/NA)
1 The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been complied Yes
Any other information to be provided



Annexure II
1 Name of signatory Udayan Shukla
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 Udayan Shukla
Designation of person Company Secretary and Compliance Officer
Place Bengaluru
Date 21-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 Additional Commissioner, CGST Gurugram Commissionerate, Gurugram 30-Sep-2025 Not applicable, as this is the second reporting period and no disclosures regarding litigation or disputes were made in the first reporting period, as there were no updates during that period. The Company received Order issued by Additional Commissioner, CGST Gurugram dated 27 March 2026 for the period April 2019 to March 2023 under Section 74(9) of the Central Goods and Services Tax Act, 2017, Haryana Goods and Services Tax Act, 2017, read with Section 20 of the Integrated Goods and Services Tax Act, 2017. The Company intends to file an appeal against the order issued to the Commissioner (Appeals), CGST Gurugram, within the prescribed timelines.
2 Joint Commissioner of Commercial Taxes, (Appeals-1), Bengaluru 08-Jan-2025 Not applicable, as this is the second reporting period and no disclosures regarding litigation or disputes were made in the first reporting period, as there were no updates during that period. The Company received an appeal order issued by the Joint Commissioner of Commercial Taxes (Appeals-1) dated 24 December 2025 for the Financial Year 2017–18. The Company intends to file an appeal before the Appellate Tribunal against the said order. Accordingly, on 11 February 2026, the Company submitted an undertaking to file the appeal once the Tribunal becomes functional and made a pre-deposit of 10% of the disputed amount with the Deputy Commissioner of Commercial Taxes, Audit-1.4, Bengaluru. The Company will file the appeal before the Tribunal in due course
3 Joint Commissioner of Commercial Taxes, (Appeals-1), Bengaluru 29-Jul-2024 Not applicable, as this is the second reporting period and no disclosures regarding litigation or disputes were made in the first reporting period, as there were no updates during that period. The Company received an appeal order issued by the Joint Commissioner of Commercial Taxes (Appeals-1) dated 31 December 2025 for the Financial Year 2019–20. The Company intends to file an appeal before the Appellate Tribunal against the said order. Accordingly, on 11 February 2026, the Company submitted an undertaking to file the appeal once the Tribunal becomes functional and made a pre-deposit of 10% of the disputed amount with the Deputy Commissioner of Commercial Taxes, Audit-1.4, Bengaluru. The Company will file the appeal before the Tribunal in due course
4 Joint Commissioner of Commercial Taxes (Appeals-1), Bengaluru 25-Feb-2025 Not applicable, as this is the second reporting period and no disclosures regarding litigation or disputes were made in the first reporting period, as there were no updates during that period. The Company received an appeal order issued by the Joint Commissioner of Commercial Taxes (Appeals-1) dated 29 January 2026 for the Financial Year 2020–21. The Company intends to file an appeal before the Appellate Tribunal against the said order. Accordingly, on 9 April 2026, the Company submitted an undertaking to file the appeal once the Tribunal becomes functional and made a pre-deposit of 10% of the disputed amount with the Deputy Commissioner of Commercial Taxes, Audit-1.4, Bengaluru. The Company will file the appeal before the Tribunal in due course
5 Deputy Commissioner of Commercial Taxes Audit 1.8, DGSTO-1 Bengaluru 20-Dec-2025 The Company received an Adjudication Order issued by the Deputy Commissioner of Commercial Taxes (Audit) dated 20 December 2025 for the Financial Year 2021-22. The Company is currently in the process of reviewing the order and will take appropriate action, within the prescribed timelines The Company received an Adjudication Order issued by the Deputy Commissioner of Commercial Taxes (Audit) dated 20 December 2025 for the Financial Year 2021–22. The Company paid the liability as per order and closed the matter.
6 Deputy Commissioner of Commercial Taxes Audit 1.8, DGSTO-1 Bengaluru 07-Feb-2025 Not applicable, as this is the second reporting period and no disclosures regarding litigation or disputes were made in the first reporting period, as there were no updates during that period. The Company received a Show Cause Notice issued by the Deputy Commissioner of Commercial Taxes (Audit) dated 10 January 2024 for the Financial Year 2022–23. The Company submitted the response against the said notice. On 24 March 2026, the Company attended the physical hearing and explained the matter.
7 Assistant Commissioner of Commercial Taxes, LGSTO-20, Bengaluru 09-Jan-2026 Not applicable, as the litigation started in the current quarter The Company received a Scrutiny Notice for the period April 2024 to October 2025 in respect of discrepancies in the return. On 6 February 2026, the Company submitted the response and sharing the detailed reconciliation.
8 Additional Commissioner, GST & Central Excise, Mumbai East Commissionerate 29-Dec-2025 The Company received Order in Original issued by the Additional Commissioner dated 29 December 2025, for the Financial Year 2018-19 to 2020-21. The Company is in the process of reviewing the order and file the appeal with Commissioner (Appeals) within the prescribed timelines. The Company received Order in Original issued by the Additional Commissioner dated 29 December 2025, for the Financial Year 2018-19 to 2020-21. On 28 March 2026, the Company filed the appeal with Commissioner (Appeals).
9 Principal Commissioner of CGST & Central Excise, Mumbai East Commissionerate 20-Aug-2025 Not applicable, as this is the second reporting period and no disclosures regarding litigation or disputes were made in the first reporting period, as there were no updates during that period. The Company received an Audit Enquiry Notice for the Financial Year 2021–22 from the Principal Director of Audit (Central), Mumbai, in respect of an alleged mismatch in Input Tax Credit (ITC) availed between the Annual Return and the Financial Statements. On 14 January 2026, the Company submitted a detailed reconciliation demonstrating that there was no excess availment of Input Tax Credit.
10 Office of the Joint Commissioner, Central Goods and Service Tax Commissionerate, Noida 15-Dec-2025 The Company received Order in Original issued by the Joint Commissioner, Central Goods and Service Tax Commissionerate dated 15 December 2025, for the Financial Year 2021-22 and 2022-23. The Company is in the process of reviewing the order and contest the appeal with Commissioner (Appeals) within the prescribed timelines. The Company received Order in Original issued by the Joint Commissioner, Central Goods and Service Tax Commissionerate dated 15 December 2025, for the Financial Year 2021-22 and 2022-23. On 6 March 2026, the Company filed the appeal with Commissioner (Appeals) within the prescribed timelines.
11 Income Tax Appellate Tribunal, Bangalore 16-Jun-2025 The Company received the order of the Income Tax Appellate Tribunal for Assessment Year 2021-22 on 16 June 2025. Subsequently, on 24 November 2025, the Company filed a Miscellaneous Application seeking rectification of the Tribunal's order, citing certain inadvertent factual inaccuracies relating to the transfer pricing issue. The matter is squarely covered, involving identical facts as in the Company's own case for Assessment Year 2018-19, wherein a favourable order was passed by the Tribunal. The hearing of the Miscellaneous Application is scheduled before the Tribunal on 9 January 2026. The Company received the order of the Income Tax Appellate Tribunal for Assessment Year 2021–22 on 16 June 2025. Subsequently, on 24 November 2025, the Company filed a Miscellaneous Application seeking rectification of the Tribunal’s order, citing certain inadvertent factual inaccuracies relating to the transfer pricing issue. The matter is squarely covered, involving identical facts as in the Company’s own case for Assessment Year 2018–19, wherein a favorable order was passed by the Tribunal. On 30 January 2026. post the hearing for the Miscellaneous Application, the Company received a favorable order from the Income Tax Appellate Tribunal.
12 Dispute Resolution Panel, Bangalore 19-Dec-2025 The Company received an order from the Dispute Resolution Panel (“DRP”), issued by the Panel comprising the Commissioner of Income Tax (DRP-2) for Assessment Year 2022–23. In the said order, the adjustment relating to management fees paid by the Company has been confirmed, with the Arm’s Length Price (ALP) of such fees determined as ‘Nil’. The Company is currently evaluating the order and intends to file an appeal before the Income Tax Appellate Tribunal (ITAT) within the prescribed timelines. The Company received an order from the Dispute Resolution Panel (“DRP”), issued by the Panel comprising the Commissioner of Income Tax (DRP-2) for Assessment Year 2022–23. In the said order, the adjustment relating to management fees paid by the Company has been confirmed, with the Arm’s Length Price (ALP) of such fees determined as ‘Nil’. On 30 March, 2026, the Company filed an appeal before the Income Tax Appellate Tribunal.
13 Office of the Deputy Commissioner of Income Tax,Transfer Pricing DC/ACIT TP 2(2)(2) Bangalore 03-Dec-2025 The Company received a show cause notice seeking submission of information for Assessment Year 2023-24. Subsequently, on 11 December 2025 and 24 December 2025, the Company submitted its responses to the authorities and is currently awaiting the final order. The Company received a show cause notice seeking submission of information for Assessment Year 2023–24. The Company made the appropriate submissions and on 27 March 2026, The Company received the draft assessment order. The Company is in the process of filing application with Dispute Resolution panel in due course.
14 Office of the Deputy Commissioner of Income Tax, TDS 30-Oct-2025 The Company received an order from the Deputy Commissioner of Income Tax (TDS) for Assessment Year 2020-21. The Company has filed an appeal against the said order and is awaiting the outcome. Pending the decision of the appellate authority, no further action has been taken, and the matter is being actively monitored to ensure compliance with all prescribed timelines. The Company received an order from the Deputy Commissioner of Income Tax (TDS) for Assessment Year 2020–21. The Company has filed an appeal against the said order and is awaiting the outcome. Simultaneously, the Company also filed the application for rectification of order for the mistake apparent on record. On 18 March 2026, the Company received the rectification order wherein the submissions made by the Company were not accepted. The Company is awaiting the appeal hearing and order.
15 Office of the Deputy Commissioner of Income Tax, Transfer Pricing, DC/ACIT TP 2(2)(2) Bangalore 18-Mar-2026 Not applicable, as the litigation started in the current quarter The Company received the initial notice from the authorities for submission of documents for Transfer pricing faceless assessment. On 7 April 2026, the Company submitted the response against the notice issued.