Integrated Filing-Governance



General information about company

Scrip Code 532374
NSE Symbol STLTECH
MSEI Symbol NOTLISTED
ISIN INE089C01029
Name of the entity STERLITE TECHNOLOGIES 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 for reporting quarter.
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 for reporting quarter
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? Yes
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? Yes
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 1000 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID s00559
Reason For No SCORE ID
Type of Submission New
Remarks (website dissemination)



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO No Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN
1 Mr. Anil Kumar Agarwal 00010883 Non-Executive - Non Independent Director Chairperson 07-Sep-1952 No Active NA 30-Oct-2006 2 0 0 0
2 Mr. Ankit Agarwal 03344202 Executive Director Not Applicable MD 01-Dec-1983 No Active NA 20-Jan-2021 2 0 1 0
3 Mr. Pravin Agarwal 00022096 Executive Director Not Applicable 16-Oct-1954 No Active NA 30-Oct-2006 2 0 1 1
4 Mr. Sathia Jeeva Krishnan Chidambara 02179550 Non-Executive - Independent Director Not Applicable 04-Nov-1965 No Active NA 14-Jan-2026 14-Jan-2026 2.53 2 2 4 2
5 Mr. Bangalore Jayaram Arun 02497125 Non-Executive - Independent Director Not Applicable 17-Dec-1962 No Active NA 20-Jan-2021 20-Jan-2021 62.37 2 2 3 0
6 Ms. Amrita Gangotra 08333492 Non-Executive - Independent Director Not Applicable 03-Aug-1965 No Active NA 08-May-2024 08-May-2024 22.78 6 6 9 3
7 Mr. Rajiv Ghanshyamdas Agarwal 00518199 Non-Executive - Independent Director Not Applicable 26-May-1968 No Active NA 22-May-2025 22-May-2025 10.32 2 2 4 1
8 Mr. Venkatesh Murthy 08567907 Executive Director Not Applicable 19-Jun-1972 No Active NA 11-Aug-2023 1 0 0 0
9 Mr. Subramanian Madhavan 06451889 Non-Executive - Independent Director Not Applicable 27-Oct-1956 No Active NA 20-Jan-2021 20-Jan-2021 19-Jan-2026 60.03 5 5 5 4 Tenure Completion



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory Mr. Sathia Jeeva Krishnan Chidambara appointed as a Non-executive Independent Director of the Company effective January 14, 2026 and as a Chairperson of Audit Committee effective from January 19, 2026.Mr. S. Madhavan ceased to be an Independent Director of the Company effective from close of business hours on January 19, 2026 pursuant to completion of his tenure..



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 02179550 Sathia Jeeva Krishnan Chidambara Non-Executive - Independent Director Chairperson 19-Jan-2026 Textual Information(1)
2 02497125 Bangalore Jayaram Arun Non-Executive - Independent Director Member 15-Oct-2024
3 08333492 Amrita Gangotra Non-Executive - Independent Director Member 30-Oct-2024
4 00518199 Rajiv Ghanshyamdas Agarwal Non-Executive - Independent Director Member 22-May-2025
5 06451889 Subramanian Madhavan Non-Executive - Independent Director Chairperson 20-Jan-2021 19-Jan-2026 Textual Information(2)



Text Block
Textual Information(1) Mr. Sathia Jeeva Krishnan Chidambara appointed as a Non-executive Independent Director of the Company effective January 14, 2026 and as a Chairperson of Audit Committee effective from January 19, 2026
Textual Information(2) Mr. S. Madhavan ceased to be an Independent Director of the Company effective from close of business hours on January 19, 2026 pursuant to completion of his tenure.



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 02497125 Bangalore Jayaram Arun Non-Executive - Independent Director Chairperson 20-Jan-2021
2 08333492 Amrita Gangotra Non-Executive - Independent Director Member 15-Oct-2024
3 00010883 Anil Kumar Agarwal Non-Executive - Non Independent Director Member 21-Oct-2021
4 00518199 Rajiv Ghanshyamdas Agarwal Non-Executive - Independent Director Member 22-May-2025
5 06451889 Subramanian Madhavan Non-Executive - Independent Director Member 20-Jan-2021 19-Jan-2026 Textual Information(1)
6 02179550 Sathia Jeeva Krishnan Chidambara Non-Executive - Independent Director Member 19-Jan-2026 Textual Information(2)

Text Block
Textual Information(1) Mr. S. Madhavan ceased to be an Independent Director of the Company effective from close of business hours on January 19, 2026 pursuant to completion of his tenure.
Textual Information(2) Mr. Sathia Jeeva Krishnan Chidambara appointed as a Non-executive Independent Director of the Company effective January 14, 2026 and as a Chairperson of Audit Committee effective from January 19, 2026






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 08333492 Amrita Gangotra Non-Executive - Independent Director Chairperson 15-Oct-2024
2 03344202 Ankit Agarwal Executive Director Member 20-Jan-2021
3 00518199 Rajiv Ghanshyamdas Agarwal Non-Executive - Independent Director Member 22-May-2025



Risk Management Committee
Whether the Risk Management Committee has a Regular Chairperson No
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 08333492 Amrita Gangotra ID Chairperson 15-Oct-2024
2 03344202 Ankit Agarwal ED Member 20-Jan-2021
3 02497125 Bangalore Jayaram Arun ID Member 22-May-2025
4 08178801 Ajay Jhanjhari CFO Member 22-May-2025 Textual Information(1)



Text Block
Textual Information(1) Mr. Ajay Jhanjhari, Chief Financial Officer of the Company, appointed as a Member of the Risk Management Committee w.e.f. May 22, 2025.



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 06-Nov-2025 Yes 8 6 4
2 14-Jan-2026 68 Yes 8 6 4
3 23-Jan-2026 8 Yes 8 5 4
4 07-Feb-2026 14 Yes 8 6 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 14-Oct-2025 Yes 4 4 4 0
2 Audit Committee 06-Nov-2025 22 Yes 4 4 4 0
3 Audit Committee 14-Jan-2026 68 Yes 4 4 4 0
4 Audit Committee 23-Jan-2026 8 Yes 4 4 4 0
5 Audit Committee 07-Feb-2026 14 Yes 4 4 4 0
6 Audit Committee 25-Mar-2026 45 Yes 4 4 4 0
7 Nomination and remuneration committee 14-Oct-2025 Yes 5 4 4 0
8 Nomination and remuneration committee 06-Nov-2025 22 Yes 5 3 3 0
9 Nomination and remuneration committee 14-Jan-2026 68 Yes 5 4 4 0
10 Stakeholders Relationship Committee 14-Jan-2026 Yes 3 3 2 0
11 Risk Management Committee 14-Jan-2026 Yes 4 3 2 1



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 Mrunal Asawadekar
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://stl.tech/about-us/
1.2 Memorandum of Association and Articles of Association Yes https://stl.tech/code-of-conduct-and-policies/
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://stl.tech/code-of-conduct-and-policies/
2 Terms and conditions of appointment of independent directors Yes https://stl.tech/code-of-conduct-and-policies/
3 Composition of various committees of board of directors Yes https://stl.tech/code-of-conduct-and-policies/
4 Code of conduct of board of directors and senior management personnel Yes https://stl.tech/code-of-conduct-and-policies/
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://stl.tech/code-of-conduct-and-policies/
6 Criteria of making payments to non-executive directors Yes https://stl.tech/code-of-conduct-and-policies/
7 Policy on dealing with related party transactions Yes https://stl.tech/code-of-conduct-and-policies/
8 Policy for determining material subsidiaries Yes https://stl.tech/code-of-conduct-and-policies/
9 Details of familiarization programmes imparted to independent directors Yes https://stl.tech/code-of-conduct-and-policies/
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://stl.tech/investor/
11 Email address for grievance redressal and other relevant details Yes https://stl.tech/investor/
12 Financial results Yes https://stl.tech/download/#InvestorComplaintsStatusReport
13 Shareholding pattern Yes https://stl.tech/download/#shareHoldingPartten
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://stl.tech/latest_disclosure/#announcements
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://stl.tech/latest_disclosure/#announcements
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://stl.tech/latest_disclosure/#announcements
18 Credit rating or revision in credit rating obtained Yes https://stl.tech/latest_disclosure/#announcements
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://stl.tech/download/#InvestorComplaintsStatusReport
20 Secretarial compliance report Yes https://stl.tech/download/#InvestorComplaintsStatusReport
21 Materiality policy as per regulation 30 (4) Yes https://stl.tech/code-of-conduct-and-policies/
22 Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) Yes https://stl.tech/code-of-conduct-and-policies/
23 Disclosures under regulation 30(8) Yes https://stl.tech/latest_disclosure/#announcements
24 Statements of deviation(s) or variations(s) as specified in regulation 32 NA
25 Dividend distribution policy as specified in regulation 43A (1) Yes https://stl.tech/code-of-conduct-and-policies/
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://stl.tech/download/#annual_report
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://stl.tech/investor/
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://stl.tech/investor/
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) Yes
35 Other Corporate Governance requirements with respect to subsidiary of listed entity 24(2),(3),(4),(5) & (6) Yes
36 Alternate Director to Independent Director 25(1) NA
37 Maximum Tenure 25(2) Yes
38 Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism 25(2A) Yes
39 Meeting of independent directors 25(3) & (4) Yes
40 Familiarization of independent directors 25(7) Yes
41 Declaration from Independent Director 25(8) & (9) Yes
42 Directors and Officers insurance 25(10) Yes
43 Confirmation with respect to appointment of Independent Directors who resigned from the listed entity 25(11) 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) NA
48 Vacancies in respect Key Managerial Personnel 26A(1) & 26A(2), 26A(3) Yes
Any other information to be provided - Add Notes



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



Annexure II
1 Name of signatory Mrunal Asawadekar
2 Designation Company Secretary and Compliance Officer



Additional Half yearly Disclosure
Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc.
I. Disclosure of Loans/ guarantees/comfort letters /securities etc.refer note below
(A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to
Entity Aggregate amount advanced during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them 0 0
Promoter Group or any other entity controlled by them 0 0
Directors (including relatives) or any other entity controlled by them 0 0
KMPs or any other entity controlled by them 0 0
(B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By
Entity Type (guarantee, comfort letter etc.) Aggregate amount of issuance during six months Balance outstanding at the end of six months(taking into account any invocation)
Promoter or any other entity controlled by them 0 0 0
Promoter Group or any other entity controlled by them 0 0 0
Directors (including relatives) or any other entity controlled by them 0 0 0
KMPs or any other entity controlled by them 0 0 0
(C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by
Entity Type of security (cash, shares etc.) Aggregate value of security provided during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them 0 0 0
Promoter Group or any other entity controlled by them Guarantee 0 567480914
Directors (including relatives) or any other entity controlled by them 0 0 0
KMPs or any other entity controlled by them 0 0 0
(D) Additional Information
II. Affirmations
Affirmations Compliance Status Company Remarks
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company. Yes
Name Ajay Jhanjhari
Designation Chief Financial Officer
Place Pune
Date 21-Apr-2026



Signatory Details
Name of signatory Mrunal Asawdekar
Designation of person Company Secretary and Compliance Officer
Place Pune
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 102
No. of investor complaints disposed off during the Quarter 102
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 The Customs authority of India 31-Dec-2002 The case is linked with the main EOU matter.The department’s contention is that there is a 'procedural' lapse as use of RM has to be for 'intended purpose' and 'his factory'. The CESTAT has directed that the appeal be disposed of at present, with liberty granted to STL to take appropriate steps to revive the appeals and get the same heard once the main EOU matter is concluded by the Supreme Court. STL has lodged Writ Petition No. 523 of 2017, challenging the aforesaid Order of the CESTAT before the Bombay High Court. Writ petition filed before Bombay High Court (Aurangabad Bench) has been withdrawn in terms of the Tribunal order dated 2 Sept 2016; STL had submitted a letter to the Tribunal for relisting of the appeal.During the recent hearing in respect of EOU main matter, the submissions made have been acknowledged by the Hon’ble Supreme Court and for legal validation, the matter has been referred to the Tribunal for further proceedings. No change in the status as compare to Last
2 Service Tax 14-Oct-2021 The Authorities have issued four separate Show Cause Notices to four different Service tax registrations of the Company (i.e. Waluj, Shendra, Odisha and closed unit of Waluj) demanding Service tax liability on difference between value of services appearing in 26AS vis-�-vis respective Service tax registrations. STL has submitted detailed reply against these Show cause notices. Hearing is awaited from the Commissioner. The personal hearing was completed. Post completion of hearing, Order In Original is passed on 31.10.2023 and received on 6.11.2023 by dropping 2 SCNs raised on same PAN and partially dropping the 3rd SCN of INR 5.62 Cr. Now the order stands for 50.72Cr plus interest and penalty Order in Original for Droping of Service Tax Demand against order passed by Odisa Service tax authority has been passed, Now only one SCN has been open, against Such SCN Company has filed writ petition with bombay HC. No change in the status as compare to Last
3 Income Tax Department 04-Aug-2017 As per the company policy, STL has claimed ESOP expenditures as debited to P & L Account.The said expense represents the option discount i.e. excess of market price of the share at the grant date of the option. STL has submitted that the amount written off is as required by the SEBI guidelines and hence, entire expenditure need to be allowed as deduction. The AO disallowed the same stating that the Assessee company has failed to bring on record the actual number of options exercised by the employees. In view of the fact, said expenditure has not been crystallized in the previous year, and the said expenditure is contingent, notional and more over capital in nature, and hence, the claim of the Assessee is rejected. The company has filed appeals before CIT (A) and Mumbai High Court. AY 2001-02, AY 2008-09 & AY 2009-10 Pending before Bombay HC. AY 2016-17 and AY 2021-22 Pending before ITAT. Balance cases are Pending before Commissioner of Income Tax (Appeals). Date of intiation of the litigation is different for every assessment year, the same are mentioned below: AY 2008-09 & 2009-10 - 04-08-2017 AY 2001-02 - 16-11-2007 AY 2014-15 - 19-02-2018 AY 2015-16- 23-01-2018 AY 2016-17 - 15-01-2019 (CIT(A)) and 08-02-2024 for ITAT AY 2017-18 - 14-01-2020 AY 2018-19 - 25-03-2021 AY 2020-21 - 28-10-2022 AY 2021-22 - 26-12-2024 (ITAT). AY 2001-02, AY 2008-09 & AY 2009-10 Pending before Bombay HC. AY 2016-17 and AY 2021-22 Pending before ITAT. Balance cases are Pending before Commissioner of Income Tax (Appeals). 1. Appeal filed for AY 2009-10 has been disposed off by the high court 2. Appeal filed for AY 2016-17 We have received Favourable order from ITAT 3. For other years no change in the status No change in the status as compare to Last
4 The Customs authority of India 08-Jan-2025 The redemption fine under the Customs Act, has been imposed by the Tribunal towards violation of condition of Notification No. 53/97-Cus as the said capital goods have been used by DTA unit. STL has filed Special Leave Petition against High Court order and Civil Appeal against CESTAT order. The Supreme Court has noted that the Departmental Appeal against CESTAT order is still pending before the High Court. The Supreme Court, while disposing of the Special Leave Petition of STL, directed that the records of the Departmental Appeal be transferred to the Supreme Court. During the hearing the Bench framed specific questions for determination on the basis of the submissions made. In the meanwhile, STL had filed an appeal withdrawal application to the extent of Excise matters by opting Sabka Vikas Legacy Dispute Resolution scheme. And for applicability of the said scheme to STL case, the said application was taken up for hearing on 9 Sept 2020 and partial withdrawal was allowed. Hence, the appeal before Supreme Court is limited to the redemption fine imposed under the Customs Act. The Supreme Court has remanded the matter to Bombay High Court . The Appeal is pending with Hon'ble Bombay High Court and waiting for hearing. No change in the status as compare to Last
5 Directorate General of Intelligence (“DGGI”) 02-Jul-2024 Basis the investigation carried out by Directorate General of Intelligence (“DGGI”), show cause notice was issued to the Company demanding GST on account of non-inclusion of management salary cost while raising invoices on distinct persons qua support services provided by the corporate office. At the investigation stage, there were mixed views regarding applicability of GST on employee cost based on the Appellate Advance Rulings passed in the matter of Columbia Asia Hospitals Private Limited as well as Cummins India Limited. Thus, the demand raised by the Authorities of INR 21.51 Crs was already paid by the Company before issuance of Show Cause notice (“SCN”). However, pursuant to issuance of SCN, the underlying issue of inclusion of employee cost while raising invoices qua cross charge has been clarified by Central Board of Indirect Taxes and Customs (“CBIC”) vide Circular No. 199/11/2023-GST dated July 17, 2023 (“Circular”). The said Circular has clearly clarified that employee cost of the Head office is not mandatorily required to be included while computing the taxable value for cross charge, even in cases where full input tax credit is not available to the concerned branch offices. It is settled position that circulars issued by the CBIC, are binding the Authorities. Accordingly, in terms of the said Circular, the Company has good case on merits. In any event, it is settled position in law that in case of interpretational issue, penalty cannot be levied. Given the above, the Company has good case on merits. The Company will either file an appeal against the Order confirming demand or will file a writ petition before the High Court. No change in the status as compare to Last
6 Assistant State tax officer, State Tax, Goa 25-Feb-2025 The officer has passed an order confirming the demand of INR 5.50 Cr on the basis of the difference in taxable value appearing in GSTR-7 (i.e. GST TDS certificate) and GSTR-3B and non-reversal of excess TDS credit claimed by Rs 0.29 Cr along with interest and penalty. The Company is in the process of filing an appeal/writ petition against the said order. No change in the status as compare to Last
7 Income Tax Department 25-Feb-2026 Demand Order having DIN ITBA/AST/S/156/2025-26/1084278320(1), issued under section 143(3) r.w.s 144C(13) read with section 144B of the Income-tax Act, 1961 dated December 31, 2025 of INR 36.83 Crores. This is rergarding adjustments related to intra-group services like Marketing/HR/administrative/ software development services from various overseas related parties, Interest on Loans and Advances, Corporate Guarantee and Recovery of SBLC Fees, and Interest on Outstanding Receivables. NA
8 Deputy Commissioner of the state GST Department, MP 23-Mar-2026 Demand of GST on excess availment of ITC under wrong head and interest on reversal of ITC. INR 07.69 Cr on the basis of the Excess Claim and Wrong Reclaim of ITC in GSTR-3B Interest on Reversals along with interest and penalty INR 4,10,83,372/- NA