Integrated Filing-Governance



General information about company

Scrip Code 523367
NSE Symbol DCMSHRIRAM
MSEI Symbol NOTLISTED
ISIN INE499A01024
Name of the entity DCM SHRIRAM 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 As per Annexure 1 (Part C) of the SEBI Circular dated December 31, 2024 related to disclosure of acquisition of shares or voting rights in unlisted Companies, there is no acquisition of shares or voting rights in unlisted Companies during the quarter ended 31st March 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? Yes
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? Yes
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? No
Reason For Part F Of Annexure I Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Not Applicable To The Entity Disclosure of loan/ Guarantees/ Comfort Letters/ Securities etc is not applicable for the quarter ended 31st March 2026.
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 500 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID d00028
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. Ajay Shridhar Shriram 00027137 Executive Director Chairperson CEO-MD 04-Mar-1954 No Active NA 24-Jul-1989 1 0 1 0
2 Mr. Vikram Shridhar Shriram 00027187 Executive Director Not Applicable MD 06-Dec-1958 No Active NA 22-May-1990 1 0 1 0
3 Mr. Ajit Shridhar Shriram 00027918 Executive Director Not Applicable MD 03-Oct-1967 No Active NA 02-May-2001 1 0 1 0
4 Mr. Aditya Ajay Shriram 10157483 Executive Director Not Applicable MD 22-Feb-1982 No Active NA 02-Jul-2023 1 0 0 0
5 Mr. Pradeep Dinodia 00027995 Non-Executive - Non Independent Director Not Applicable 02-Dec-1953 No Active Yes 16-Jul-2024 18-Jul-1994 16-Jul-2024 3 0 6 3
6 Mr. Pravesh Sharma 02252345 Non-Executive - Independent Director Not Applicable 07-Jul-1959 No Active NA 09-Aug-2016 09-Aug-2021 115.23 1 1 2 0
7 Mr. Vikramajit Sen 00866743 Non-Executive - Independent Director Not Applicable 31-Dec-1950 No Active Yes 12-Aug-2025 09-Aug-2016 12-Aug-2025 115.23 1 1 0 0
8 Mr. Pranam Wahi 00031914 Non-Executive - Independent Director Not Applicable 02-Aug-1958 No Active NA 16-Jul-2024 16-Jul-2024 20.16 2 2 2 0
9 Ms. Seema Bahuguna 09527493 Non-Executive - Independent Director Not Applicable 14-Sep-1959 No Active NA 16-Jul-2024 16-Jul-2024 20.16 1 1 2 0
10 Ms. Simrit Kaur 10628625 Non-Executive - Independent Director Not Applicable 06-Aug-1963 No Active NA 16-Jul-2024 16-Jul-2024 20.16 2 2 1 0
11 Mr. Vipin Sondhi 00327400 Non-Executive - Independent Director Not Applicable 27-Apr-1960 No Active NA 16-Jul-2024 16-Jul-2024 20.16 3 3 2 2
12 Mr. Tejpreet Singh Chopra 00317683 Non-Executive - Independent Director Not Applicable 05-Dec-1969 No Active NA 18-Jan-2025 18-Jan-2025 14.14 5 5 4 0
13 Mr. Rabi Narayan Mishra 10377015 Non-Executive - Nominee Director Not Applicable 29-Dec-1963 No Active NA 01-Nov-2023 12-Aug-2025 1 0 0 0
14 Mr. Krishan Kumar Sharma 07951296 Executive Director Not Applicable 17-Oct-1965 No Active NA 20-Nov-2017 12-Aug-2025 1 0 0 0



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 00327400 Vipin Sondhi Non-Executive - Independent Director Chairperson 03-Feb-2025
2 02252345 Pravesh Sharma Non-Executive - Independent Director Member 13-Feb-2017
3 00031914 Pranam Wahi Non-Executive - Independent Director Member 16-Jul-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 02252345 Pravesh Sharma Non-Executive - Independent Director Chairperson 16-Jul-2024
2 00027137 Ajay Shridhar Shriram Executive Director Member 12-Nov-2014
3 00031914 Pranam Wahi Non-Executive - Independent Director Member 16-Jul-2024
4 00327400 Vipin Sondhi Non-Executive - Independent Director Member 16-Jul-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 00027995 Pradeep Dinodia Non-Executive - Non Independent Director Chairperson 31-Jul-2001
2 02252345 Pravesh Sharma Non-Executive - Independent Director Member 16-Jul-2024
3 00027137 Ajay Shridhar Shriram Executive Director Member 22-May-1990
4 00027187 Vikram Shridhar Shriram Executive Director Member 22-May-1990
5 00027918 Ajit Shridhar Shriram Executive Director Member 09-Aug-2016



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 07951296 Krishan Kumar Sharma ED Chairperson 29-Jan-2019
2 00031914 Pranam Wahi ID Member 16-Jul-2024
3 99999999 Roshan Lal Tamak Business Head- Sugar Member 20-Jul-2021 Textual Information(1)



Text Block
Textual Information(1) Mr. Roshan Lal Tamak is Business Head of Sugar Business of the Company and is not a Director on the Board of the Company and hence not having DIN.



Annexure 1
III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Notes for not providing Date Whether requirement of Quorum met (Yes/No) Total Number of Directors as on date of the meeting Number of Directors present* (All directors including Independent Director) No. of Independent Directors attending the meeting*
1 28-Oct-2025 Yes 14 13 7
2 20-Jan-2026 83 Yes 14 14 7
3 12-Mar-2026 50 Yes 14 13 7



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 28-Oct-2025 Yes 3 3 3 0
2 Audit Committee 20-Jan-2026 83 Yes 3 3 3 0
3 Risk Management Committee 20-Nov-2025 Yes 2 2 1 0
4 Stakeholders Relationship Committee 22-Oct-2025 Yes 5 5 1 0
5 Stakeholders Relationship Committee 26-Nov-2025 34 Yes 5 5 1 0
6 Stakeholders Relationship Committee 04-Dec-2025 7 Yes 5 5 1 0
7 Stakeholders Relationship Committee 26-Dec-2025 21 Yes 5 4 1 0
8 Stakeholders Relationship Committee 29-Jan-2026 33 Yes 5 5 1 0



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



Annexure 1
Sr Subject Compliance status
1 Name of signatory Deepak Gupta
2 Designation Company Secretary and Compliance Officer



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



Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)
I. Disclosure on website in terms of LODR Regulation
Sr Item Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here. Web address
1.1 Details of business Yes https://www.dcmshriram.com/our-businesses/
1.2 Memorandum of Association and Articles of Association Yes https://www.dcmshriram.com/docs/files/DCMSHRIRAM_MOA%20&%20AOA_OCT25.pdf
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://www.dcmshriram.com/our-leadership/#bod
2 Terms and conditions of appointment of independent directors Yes https://www.dcmshriram.com/docs/files/independent-directors-terms-of-reference.pdf
3 Composition of various committees of board of directors Yes https://www.dcmshriram.com/our-leadership/#bod
4 Code of conduct of board of directors and senior management personnel Yes https://www.dcmshriram.com/docs/files/CODE%20OF%20CONDUCT%20-%20BRD%20MEMB%20&%20SR.%20MGMT%20-%20Final%20(BM%2004.10.2014)%20.pdf
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://www.dcmshriram.com/docs/files/Vigil%20Mechanism%20Policy.pdf
6 Criteria of making payments to non-executive directors Yes https://www.dcmshriram.com/docs/files/Remuneration%20Policy.pdf
7 Policy on dealing with related party transactions Yes https://www.dcmshriram.com/docs/files/Related%20Party%20Transaction%20Policy.pdf
8 Policy for determining material subsidiaries Yes https://www.dcmshriram.com/docs/files/Material%20subsidiary%20policy_18.01.2025.pdf
9 Details of familiarization programmes imparted to independent directors Yes https://www.dcmshriram.com/docs/files/Familiarisation-directors-FY-24-25.pdf
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://www.dcmshriram.com/investors/investor-contact-center
11 Email address for grievance redressal and other relevant details Yes https://www.dcmshriram.com/investors/investor-contact-center
12 Financial results Yes https://www.dcmshriram.com/investors/result
13 Shareholding pattern Yes https://www.dcmshriram.com/investors/shareholding
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.dcmshriram.com/investors/schedule
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://www.dcmshriram.com/investors/transcripts
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://www.dcmshriram.com/investors/notice
18 Credit rating or revision in credit rating obtained Yes https://www.dcmshriram.com/investors/credit
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://www.dcmshriram.com/investors/subsidiary
20 Secretarial compliance report Yes https://www.dcmshriram.com/investors/ascr
21 Materiality policy as per regulation 30 (4) Yes https://www.dcmshriram.com/docs/files/Final%20Policy%20for%20Determination%20of%20Materiality%205%20May%202025.pdf
22 Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) Yes https://www.dcmshriram.com/investors/corporate-governance-and-policies#presskit
23 Disclosures under regulation 30(8) Yes https://www.dcmshriram.com/investors/notice
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.dcmshriram.com/docs/files/Dividend%20Distribution%20Policy%20-%20Final%20-%20Website.pdf
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://www.dcmshriram.com/docs/files/MGT-7%202024-25.pdf
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.dcmshriram.com/investors/disclosures-under-regulation-46-of-sebi-lodr
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes We affirm on the compliance of Regulation 46(3) w.r.t. the correctness of the disclosures and timely dissemination of the same on our website
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) NA
44 Memberships in Committees 26(1) Yes
45 Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel 26(3) Yes
46 Policy with respect to Obligations of directors and senior management 26(2) & 26(5) Yes
47 Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity 26(6) NA
48 Vacancies in respect Key Managerial Personnel 26A(1) & 26A(2), 26A(3) NA
Any other information to be provided - Add Notes



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



Text Block
Textual Information(1) The Company has a Material Subsidiary Policy and complies the applicable Corporate Governance requirements with respect to its Subsidiary Companies However the Company does not have a Material Subsidiary Company hence Corporate Governance requirements relating to the same are not applicable to the Company



Annexure II
1 Name of signatory Deepak Gupta
2 Designation Company Secretary and Compliance Officer



Additional Half yearly Disclosure
Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc.
I. Disclosure of Loans/ guarantees/comfort letters /securities etc.refer note below
(A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to
Entity Aggregate amount advanced during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By
Entity Type (guarantee, comfort letter etc.) Aggregate amount of issuance during six months Balance outstanding at the end of six months(taking into account any invocation)
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by
Entity Type of security (cash, shares etc.) Aggregate value of security provided during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(D) Additional Information
II. Affirmations
Affirmations Compliance Status Company Remarks
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company. $intratedCg.get("CG_YN_$!integratedFillingMasterDto.cgMasterVO.anx4aAffirmComplStatus")
Name
Designation
Place
Date



Signatory Details
Name of signatory Deepak Gupta
Designation of person Company Secretary and Compliance Officer
Place New Delhi
Date 23-Apr-2026


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 1
No. of investor complaints received during the Quarter 15
No. of investor complaints disposed off during the Quarter 13
No. of investor complaints those remaining unresolved at the end of the Quarter 3


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 Superintendent, CGST, Range-V, Dehradun, Uttarakhand The Company received a GST demand order for FY 2019-20 involving a tax demand of Rs. 8,06,426/- along applicable interest and penalty of Rs. 8,06,426/-. The demand was due to timing differnence in ISD credit distribution and availment months. The officer has disregarded the reply and passed a negative order. 20-Jan-2026 The Authority has disallowed the ITC without appreciating the facts of the matter and the ITC claim is admissible as per the law. The Company is exploring appellate remedy to contest the said demand. To the extent of demand, interest and penalty imposed.
2 Superintendent, CGST, Range-V, Dehradun, Uttarakhand The Company received a GST demand order for FY 2020-21 involving a tax demand of Rs. 79,924/- along applicable interest and penalty of Rs. 79,924/-. The demand was due to timing differnence in ISD credit distribution and availment months. The officer has disregarded the reply and passed a negative order. 20-Jan-2026 The Authority has disallowed the ITC without appreciating the facts of the matter and the ITC claim is admissible as per the law. The Company is exploring appellate remedy to contest the said demand. To the extent of demand, interest and penalty imposed.
3 Superintendent, CGST, Ward 201, Zone 11, Delhi The Company received a GST demand order for FY 2022-23 imposing a penalty of Rs. 1,75,360/- for inadvertent claim of ITC on certain services restricted u/s 17(5) of the CGST Act, 2017. The tax and interest in respect of this matter stands discharged voluntarily. 30-Mar-2026 The Authority has imposed penalty even while acknowledging that mens rea was absent. The Company is evaluating the further course of action. To the extent of penalty imposed


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 Deputy Commissioner of Income Tax, Circle 7(1), New Delhi 14-Jun-2021 The Company currently has on-going Income-tax litigation for AY‘s (AY 15-16 to AY 18-19) at various appellate forums (viz. Commissioner of Income Tax (Appeals) & Income Tax Appellate Tribunal (ITAT). The material issue involved in litigation, having a likely cumulative tax effect of Rs.188.49 crores, is on account of transfer pricing adjustments on industrial consumables intra transferred between units of the Company. The said issue (of transfer pricing adjustments on industrial consumables) has been decided in favour of the Company in AY 14-15 by the Income Tax Appellate Tribunal (ITAT) and forms a favorable precedent for the following years in dispute. Years prior do not involve transfer pricing issues or any other material tax litigation. There is no change in status of the matters stated above and they are currently pending before CIT(A) & ITAT. (i) Matters relating to AY 2015-16 & AY 2016-17 have been decided in favour of the Company by Income Tax Appellate Tribunal (ITAT) vide order dated 30 June, 2025 by deleting additions having a tax effect of Rs.73.10 Cr. (ii) Matter relating to AY 2018-19 has also been decided in favour of the Company vide the same order as above wherein additions having the tax effect of Rs.58.85 Cr. are deleted and additions with tax effect of Rs.19.48 Cr. have been referred back to AO. (iii) In addition, ITAT has also admitted ground of the Company for enhanced claim of deduction u/s 80IA of Income-tax Act, 1961 for the AY 2016-17 & AY 2018-19 and directed the Assessing Officer to verify the enhanced claim and the evidences filed in support of the same. (iv) Matter relating to AY 2017-18 was represented before Faceless CIT(A) in October,2024 and re-submitted in September,2025 and December, 2025. Order is awaited.
2 Deputy Commissioner of Income Tax, Circle 7(1), New Delhi 24-Jul-2024 The Company is in receipt of an Assessment Order issued u/s 143(3) read with Section 144C(13) read with section 144B of the Income-tax Act, 1961 for AY 2020-21 dated 24th July, 2024. The Assessing Officer (AO) in the said order has given partial effect to the Directions of the Dispute Resolution Panel-I (DRP), New Delhi issued vide order u/s 144C(5) dated 30th June, 2024 and assessed a total income of Rs.953.47 Crore as against the returned total income of Rs.301.48 Crore, thereby, creating a demand of Rs.261.65 Crore (including interest) without taking into account the following: a) Giving effect to MAT credit brought forward under Sec.115JAA b) Not rectifying unwarranted additions made in the intimation u/s 143(1) dated 25th December 2021 having a tax effect of Rs. 168.01 crs. c) Not giving effect to the directions given by DRP on issues relating to the multiplicity of additions having tax effect of Rs. 18.92 crores. d) By charging interest on the erroneous demand. The Company will take the appropriate legal course of action(s) against the said assessment order u/s 143(3) dated 24.07.2024. Simultaneously, the Company will also file an application to the Assessing Officer to rectify the erroneously computed demand along with the filing application for stay of demand before Assessing Officer. (i) Matter relating to AY 2020-21 has been decided in favour of the Company by Income Tax Appellate Tribunal (ITAT) vide order dated 30 June, 2025 by deleting additions having a tax effect of Rs.201.71 Cr. and additions with tax effect of Rs.23.98 Cr. have been referred back to AO. (ii) In addition, ITAT has also admitted ground of the Company for enhanced claim of deduction u/s 80IA of Income-tax Act, 1961 for the AY 2020-21 and directed the Assessing Officer to verify the enhanced claim and the evidences filed in support of the same.
3 Deputy Commissioner of Income Tax, Circle 7(1), New Delhi 24-Oct-2024 The Company is in receipt of an Assessment Order issued u/s 143(3) read with Section 144C(13) and Section 144B of the Income Tax Act, 1961 for AY 2021-22 dated 24th October, 2024. The Assessing Officer (AO) in the said order has given partial effect to the Directions of the Dispute Resolution Panel-I (DRP), New Delhi issued vide order u/s 144C(5) dated 30th September, 2024 and assessed an income of Rs.319.37 Crore as against the returned income of Rs.45.98 Crore by making various transfer pricing adjustments and not rectifying unwarranted additions made in the intimation u/s 143(1) dated 25th October, 2022 amounting to Rs.238.02 Crore and having a tax effect of Rs.83.17 Crore. However, this has not resulted in any additional tax payable currently. The Company will file an appeal to the Income Tax Appellate Tribunal in the due course of time. (i) The Company is in receipt of an order dated March 18, 2026 for AY 2021-22 issued by Income-tax Appellate Tribunal (ITAT), New Delhi, against order u/s 143(3) read with section 144C(13) having tax effect of Rs.12.20 crs. of which relief granted Rs. 9.79 crs. and matters referred back to AO having tax effect of Rs. 2.41 crs. (ii) For the unwarranted additions made u/s 143(1) dated October 25, 2022 (also appealed separately), amounting to Rs. 238.02 crs. and having tax effect of Rs. 83.17 crs., had been previously adjudicated vide ITAT’s order dated July 30, 2025 (received on August 11, 2025) and referred back to the Assessing Officer for de novo adjudication in accordance with law. (ii) The above has no material impact on the profit and loss of the Company.
4 Deputy Commissioner of Income Tax, Circle 7(1), New Delhi 31-Oct-2025 The Company is in receipt of an Assessment Order issued u/s 143(3) read with Section 144C(13) and Section 144B of the Income Tax Act, 1961 for AY 2022-23 dated 31st October, 2025. The Assessing Officer (AO) in the said order has assessed the total income at Rs.1596.53 Crore as against the returned income of Rs. 1086.46 Crore by making various transfer pricing adjustments and other addition and without giving proper effect to the directions of the Dispute Resolution Panel (DRP), New Delhi issued vide order u/s 144C(5) dated 29th September, 2025, thereby creating a demand of Rs.249.27 Crore (including penal interest). The Assessing Officer has not taken into consideration the following: a) MAT credit brought forward and available u/s 115JAA b) Directions given by DRP on the issues settled by the Hon’ble Delhi High Court in Company’s own case for AY 2014-15, whereby additions having tax effect of Rs.172.82 Crore, in the current Order would not have been made. c) Incorrect levy of interest on the demand, which otherwise would be Nil, if effect of (a) and (b) supra would have been given. The Company will take the appropriate legal course of action(s) against the said assessment order in due course of time. (i) An appeal before ITAT against the AO order passed u/s 143(3) r.w.s 144C(13) dated 31st October, 2025 has been filed in December, 2025 and the matter is listed for hearing on April 30, 2026.