Integrated Filing-Governance



General information about company

Scrip Code 533023
NSE Symbol ZFCVINDIA
MSEI Symbol NOTLISTED
ISIN INE342J01019
Name of the entity ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA 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 No Acquisition of Shares or Voting Rights in Unlisted Companies during the 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? Yes
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? Yes
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? Yes
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 500 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID W00002
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 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. Akash Passey 01198068 Non-Executive - Non Independent Director Chairperson related to Promoter 26-Nov-1967 No Active NA 22-May-2024 23 1 0 0 0
2 Mr. Paramjit Singh Chadha 06972549 Executive Director Not Applicable MD 28-Jul-1962 No Active NA 01-Jul-2025 9 1 0 1 0
3 Mr. Mahesh Chhabria 00166049 Non-Executive - Independent Director Not Applicable 19-Apr-1964 No Active NA 16-May-2020 16-May-2025 72 5 5 5 3
4 Ms. Amrita Verma Chowdhury 02178520 Non-Executive - Independent Director Not Applicable 16-Nov-1970 No Active NA 27-Oct-2023 30 4 4 6 1
5 Ms. Rashmi Urdhwareshe 08668140 Non-Executive - Independent Director Not Applicable 20-Dec-1959 No Active NA 20-Mar-2024 25 4 4 6 1
6 Mr. Neeraj Sagar 09475452 Non-Executive - Independent Director Not Applicable 07-Jun-1971 No Active NA 22-May-2024 23 2 2 2 0
7 Mr. Orlik Lars 10390472 Non-Executive - Non Independent Director Not Applicable 10-Aug-1973 No Active NA 21-Aug-2025 7 1 0 1 0 Textual Information(1)
8 Mr. Ivan Brajdic 11347495 Non-Executive - Non Independent Director Not Applicable 29-Jul-1975 No Active NA 05-Nov-2025 5 1 0 0 0 Textual Information(2)



Text Block
Textual Information(1) Foreign Director
Textual Information(2) Foreign Director



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 00166049 Mahesh Chhabria Non-Executive - Independent Director Chairperson 22-May-2020
2 02178520 Amrita Verma Chowdhury Non-Executive - Independent Director Member 31-Oct-2023
3 10390472 Orlik Lars Non-Executive - Non Independent Director Member 05-Nov-2025



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 09475452 Neeraj Sagar Non-Executive - Independent Director Chairperson 05-Nov-2025
2 00166049 Mahesh Chhabria Non-Executive - Independent Director Member 19-May-2022
3 01198068 Akash Passey Non-Executive - Non Independent Director Member 05-Nov-2025



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 02178520 Amrita Verma Chowdhury Non-Executive - Independent Director Chairperson 05-Nov-2025
2 06972549 Paramjit Singh Chadha Executive Director Member 02-Jul-2025
3 08668140 Rashmi Urdhwareshe Non-Executive - Independent Director Member 01-Apr-2024
4 09475452 Neeraj Sagar Non-Executive - Independent Director Member 05-Nov-2025



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 08668140 Rashmi Urdhwareshe ID Chairperson 05-Nov-2025
2 00166049 Mahesh Chhabria ID Member 28-Jul-2021
3 01198068 Akash Passey NED Member 22-May-2024
4 06972549 Paramjit Singh Chadha ED Member 02-Jul-2025
5 99999999 Sweta Agarwal CFO Member 30-Jan-2024 Textual Information(1)
6 99999999 A Ganesamoorthy Head-Research & Development Member 06-Feb-2025 Textual Information(2)



Text Block
Textual Information(1) Chief Financial Officer (Not a Director)
Textual Information(2) Head of Research & Development ( Not a Director)



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 04-Nov-2025 Yes 8 8 4
2 10-Feb-2026 97 Yes 8 8 4
3 16-Mar-2026 33 Yes 8 6 3



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1 Audit Committee 04-Nov-2025 Yes 3 3 2 0
2 Audit Committee 19-Jan-2026 75 Yes 3 3 2 0
3 Audit Committee 10-Feb-2026 21 Yes 3 3 2 0
4 Audit Committee 16-Mar-2026 33 Yes 3 2 2 0
5 Stakeholders Relationship Committee 04-Nov-2025 Yes 4 4 1 0
6 Stakeholders Relationship Committee 10-Feb-2026 97 Yes 4 4 3 0
7 Nomination and remuneration committee 22-Dec-2025 Yes 3 3 2 0
8 Nomination and remuneration committee 10-Feb-2026 49 Yes 3 3 2 0
9 Nomination and remuneration committee 16-Mar-2026 33 Yes 3 3 2 0
10 Risk Management Committee 25-Sep-2025 Yes 7 5 2 2
11 Risk Management Committee 25-Mar-2026 180 Yes 6 4 2 2



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 C V Kavviya
2 Designation Compliance Officer



Details of Cyber security incidence
Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter No
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr Date of the event Brief details of the event



Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)
I. Disclosure on website in terms of LODR Regulation
Sr Item Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here. Web address
1.1 Details of business Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
1.2 Memorandum of Association and Articles of Association Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
2 Terms and conditions of appointment of independent directors Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
3 Composition of various committees of board of directors Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
4 Code of conduct of board of directors and senior management personnel Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
6 Criteria of making payments to non-executive directors Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
7 Policy on dealing with related party transactions Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
8 Policy for determining material subsidiaries Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
9 Details of familiarization programmes imparted to independent directors Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
11 Email address for grievance redressal and other relevant details Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
12 Financial results Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
13 Shareholding pattern Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
14 Details of agreements entered into with the media companies and/or their associates NA
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
16 New name and the old name of the listed entity Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
17 Advertisements as per regulation 47 (1) Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
18 Credit rating or revision in credit rating obtained NA
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
20 Secretarial compliance report Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
21 Materiality policy as per regulation 30 (4) Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
22 Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
23 Disclosures under regulation 30(8) Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
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://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
26.2 Employee benefit scheme documents framed in terms of SEBI (SBEB) regulations 2021
27 Confirmation that the above disclosures are in a separate section as specified in regulation 46(2) Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html#
29 Disclosure of notes on website in terms of Listing Regulations explanatory


Annexure II
II. Annual Affirmations
Sr Particulars Regulation Number Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here.
1 Independent director(s) have been appointed in terms of specified criteria of independence and/or eligibility 16(1)(b) Yes
2 Board Composition 17(1), 17(1A) & 17(1C), 17(1D) & 17(1E) Yes
3 Meeting Of Board Of Directors 17(2) Yes
4 Quorum of board meeting 17(2A) Yes
5 Review of Compliance Reports 17(3) Yes
6 Plans for orderly succession for appointments 17(4) Yes
7 Code of Conduct 17(5) Yes
8 Fees/compensation 17(6) Yes
9 Minimum Information 17(7) Yes
10 Compliance Certificate 17(8) Yes
11 Risk Assessment & Management 17(9) Yes
12 Performance Evaluation of Independent Directors 17(10) Yes
13 Recommendation of Board 17(11) Yes
14 Maximum number of Directorships 17A Yes
15 Composition of Audit Committee 18(1) Yes
16 Meeting of Audit Committee 18(2) Yes
17 Role of Audit Committee and information to be reviewed by the audit committee 18(3) Yes
18 Composition of nomination & remuneration committee 19(1) & (2) Yes
19 Quorum of Nomination and Remuneration Committee meeting 19(2A) Yes
20 Meeting of Nomination and Remuneration Committee 19(3A) Yes
21 Role of Nomination and Remuneration Committee 19(4) Yes
22 Composition of Stakeholder Relationship Committee 20(1), 20(2) & 20(2A) Yes
23 Meeting of Stakeholders Relationship Committee 20(3A) Yes
24 Role of Stakeholders Relationship Committee 20(4) Yes
25 Composition and role of risk management committee 21(1),(2),(3),(4) Yes
26 Meeting of Risk Management Committee 21(3A) Yes
27 Quorum of Risk Management Committee meeting 21(3B) Yes
28 Gap between the meetings of the Risk Management Committee 21(3C) Yes
29 Vigil Mechanism 22 Yes
30 Policy for related party Transaction 23(1), (1A), (5), (6), & (8) Yes
31 Prior or Omnibus approval of Audit Committee for all related party transactions 23(2), (3) Yes
32 Approval for material related party transactions 23(4) Yes
33 Disclosure of related party transactions on consolidated basis 23(9) Yes
34 Composition of Board of Directors of unlisted material Subsidiary 24(1) NA
35 Other Corporate Governance requirements with respect to subsidiary of listed entity 24(2),(3),(4),(5) & (6) Yes
36 Alternate Director to Independent Director 25(1) NA
37 Maximum Tenure 25(2) Yes
38 Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism 25(2A) NA
39 Meeting of independent directors 25(3) & (4) Yes
40 Familiarization of independent directors 25(7) Yes
41 Declaration from Independent Director 25(8) & (9) Yes
42 Directors and Officers insurance 25(10) Yes
43 Confirmation with respect to appointment of Independent Directors who resigned from the listed entity 25(11) 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 C V Kavviya
2 Designation 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 100000000 100000000
Promoter Group or any other entity controlled by them 0 0
Directors (including relatives) or any other entity controlled by them 0 0
KMPs or any other entity controlled by them 0 0
(B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By
Entity Type (guarantee, comfort letter etc.) Aggregate amount of issuance during six months Balance outstanding at the end of six months(taking into account any invocation)
Promoter or any other entity controlled by them 0 0 0
Promoter Group or any other entity controlled by them 0 0 0
Directors (including relatives) or any other entity controlled by them 0 0 0
KMPs or any other entity controlled by them 0 0 0
(C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by
Entity Type of security (cash, shares etc.) Aggregate value of security provided during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them 0 0 0
Promoter Group or any other entity controlled by them 0 0 0
Directors (including relatives) or any other entity controlled by them 0 0 0
KMPs or any other entity controlled by them 0 0 0
(D) Additional Information
II. Affirmations
Affirmations Compliance Status Company Remarks
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company. Yes
Name Sweta Agarwal
Designation Chief Financial Officer
Place Chennai
Date 21-Apr-2026



Signatory Details
Name of signatory C V Kavviya
Designation of person Compliance Officer
Place Chennai
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 4
No. of investor complaints disposed off during the Quarter 4
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 Assessment Unit, Income Tax Department Office of the Assessment unit, Income Tax issued an final assessment order for AY 2022‑23 requiring the Company to pay further tax of INR 1.17 crores due to an addition of INR 3.23 crore to the total income as per return of income filed by the Company on account of adjustments in transfer pricing and expenditure on scientific research. The Company will be filing an appeal before the Income Tax Appellate Tribunal (ITAT) against the final order. 22-Jan-2026 The Company has received the final assessment order for AY 2022‑23 from the Income Tax Department requiring the Company to pay further tax of INR 1.17 crores due to an addition of INR 3.23 crore to the total income as per return of income filed by the Company on account of adjustments in transfer pricing and expenditure on scientific research. The Company will be filing an appeal before the Income Tax Appellate Tribunal (ITAT) against the final order. There is no material impact of the same on financial, operations or other activities of the Company. The Company will be filing an appeal against the said order.


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 Assistant Commissioner (ST) 12-Jan-2016 Writ filed before the Madras High Court No change
2 The Commercial tax officer, Chennai 11-Mar-2016 Appeal filed and pending before Sales tax Appellate Tribunal - Chennai No change
3 The Commercial tax officer, Chennai 11-Mar-2016 Appeal filed and pending before Sales tax Appellate Tribunal - Chennai No change
4 The Assistant Commissioner Division III - Jhamshedpur 19-Sep-2018 Amnesty application accepted Amnesty application accepted
5 The Assistant commissioner - Central GST Rudhrapur division 29-Oct-2021 Rejected Amnesty application filed. Company is the process of filing an appeal Appeal filed
6 The Deputy Commissioner Customs - Import - Sea & Air 22-Mar-2024 Appeal filed and pending before Commissioner of customs (Appeal II) No change
7 Customs Authority of advance ruling, Mumbai 26-Jun-2023 Appeal filed and pending before Madras High Court No change
8 Additional Commissioner of Customs Chennai II (Import) 20-Oct-2023 Appeal filed on 8th April 2025 No change
9 Superintendent, Central GST & Central Excise, Adityapur IV Range, Jamshedpur 11-Dec-2023 Rejected Amnesty application filed. Company is the process of filing an appeal Appeal filed
10 Superintendent, Range -1 CGST Division Rudrapur 27-Aug-2024 Rejected Amnesty application filed. Company is the process of filing an appeal Appeal filed
11 The Deputy Commissioner Gr (5B) 07-Jul-2024 The Appellate officer has rejected the request to condone the delay in filing the appeal against the Bill of entry. The Company has decided to file an appeal against the order. No change
12 The Deputy Commissioner Gr (5B) 01-Aug-2024 Remanded the cases back to the assessing officer for issuance of speaking order No change
13 The Assistant Commissioner, DC/AC-O/o Commissioner -Customs-Audit-Chennai 31-Jul-2024 Detailed submission filed on 14th March 25 No change
14 The Assistant Commissioner - DC/AC-IV-O/o Commissioner-Customs-Audit-Chennai 25-Apr-2024 Considering the quantum involved, we remitted the differential duty vide TR 6 challan No change
15 Office of the Comissioner of Customs 08-Jan-2025 Considering the quantum involved, we remitted the differential duty vide TR 6 challan No change
16 Office of the Principal Commissioner of the Customs (Air Cargo) 10-Oct-2024 Company filed an appeal No change
17 The Joint Commissioner of Central Excise, Chennai 29-May-2017 Submissions filed and pending for adjudication No change
18 The Commissioner of Central Tax, Chennai 07-May-2013 Appeal filed and pending before Customs, Excise and Service Tax Appellate Tribunal - Chennai No change
19 The Commissioner of Central Tax, Chennai 27-Jul-2015 Appeal filed and pending before Customs, Excise and Service Tax Appellate Tribunal - Chennai No change
20 The Assistant Commissioner of GST and Central Excise, Chennai 21-Jun-2017 Submissions filed and pending for adjudication No change
21 The Commissioner of Central Tax, Chennai 03-Nov-2009 Appeal filed and pending before Commissioner of Central Excise (Appeals), Chennai No change
22 The Joint Commissioner, GSt, Jharkhand 10-Feb-2025 Appeal filed and paid pre-deposit of 10% No change
23 Office of the Commissioner of the customs, Air 01-Apr-2025 Remanded all the three BOEs back to the proper officer for issuance of speaking order in terms of Section 17(5) of Customs Act, 1962 after following the principles of natural justice. Differential duty paid under protest No change
24 Office of the Commissioner of the customs, Air and Sea 12-Mar-2025 Sea customs rejected the claim as its filed delay and condonation not accepted. Company filed an appeal No change
25 Commissioner of Commercial Taxes, Jharkhand 24-Jan-2025 No adverse financial impact for the Company. The Company has filed writ petition before the High Court challenging the order of the Tribunal and claimed refund of excess VAT paid No change
26 Directorate General of GST Intelligence, Pudhucherry 27-Jan-2025 Unfavourable order received. Company is in the process of filing the appeal Appeal filed
27 Adjudication of call book case- Ambattur division -Assistant commissioner of CGST and Central Excise 19-Jun-2025 Representation made and explained the submission. Awaiting further communication from the officer No change
28 Office of the Joint Commissioner (Statetax) Indore Division-1, MP 24-Jun-2025 Response filed and payment made to settle the issue. No change
29 Office of the superintendent of central GST, Range, Maharashtra 28-Jun-2025 Order received wherein the officer confirmed the demand. The Company is in the process of making the payment for the same. Payment made and settled.
30 Office of commissioner central GST and excise (Audit), Jharkhand 25-Jun-2025 Response filed No change
31 Office of Commissioner Appeals (sea cargo) 22-Mar-2024 Department filed an appeal before CESTAT. Company is in the process of filing a cross objection No change
32 Assistant commissioner of Customs, sea port 21-Feb-2026 NA Bill of entry filed under protest for importing connecting rod. Company filed an appeal against the bill of entry
33 DGFT 19-Mar-2026 NA DGFT issued an order stating that the company is mapped under denied entity list by restricting export incentive for non compliance of EPCG. However, company has already paid the duty amount along with interest. DGFT passed order without considering the payment and thus, company filed an appeal
34 PCIT, Customs (Air cargo) 31-Mar-2026 NA Customs questioning the HSn classification of exhaust, piston etc.m and demand proposed
35 The Assistant Commissioner of Income-tax 19-Mar-2016 Filed an appeal before the Madras High Court No change
36 The Assistant Commissioner of Income-tax 22-Feb-2017 Awaiting order giving effect to CIT(A) order Received order giving effect and deleted the demand determined
37 The Assistant Commissioner of Income-tax 30-Dec-2016 Filed an appeal before the Madras High Court No change
38 The Deputy of Commissioner of Income-tax 27-Dec-2019 Submission filed on 15 Feb 2025. Awaiting for further hearing No change
39 National Faceless Assessment Unit 29-Jun-2021 Writ withdrawn as the case settled through VSV. We are checking with AO to drop the related reassessment proceedings No change
40 The Deputy of Commissioner of Income-tax - International taxation 09-Jan-2018 Pending before Supreme Court No change
41 The Deputy of Commissioner of Income-tax 29-Dec-2018 Submission filed on 15 Feb 2025. Awaiting for further hearing No change
42 National Faceless Assessment Centre 13-Sep-2021 Submission filed on 15 Feb 2025. Awaiting further hearing No change
43 National Faceless Assessment Centre 28-Sep-2021 Submission filed on 15 Feb 2025. Awaiting further hearing No change
44 National Faceless Assessment Centre 23-Jul-2024 Order received from Tribunal. We have received giving effect order from TPO and pending final order from AO Received order giving effect and deleted the demand determined
45 National Faceless Assessment Centre 18-Oct-2024 Order received from Tribunal. We have received giving effect order from TPO and pending final order from AO No change
46 Assistant Director of Income Tax, Centralized Processing Centre, Bengaluru 28-Dec-2021 Filed an appeal before Commissioner of Income-tax (Appeals). No change
47 Assistant Director of Income Tax, Centralized Processing Centre, Bengaluru 25-Oct-2022 Filed an appeal before Commissioner of Income-tax (Appeals). No change
48 National Faceless Assessment Centre 12-Mar-2025 Received DRP order. Awaiting final assessment order Received final order and company filed an appeal before the Tribunal