Integrated Filing-Governance



General information about company

Scrip Code 517015
NSE Symbol VINDHYATEL
MSEI Symbol NOTLISTED
ISIN INE707A01012
Name of the entity VINDHYA TELELINKS 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 There were no Acquisition of Shares or Voting Rights in Unlisted Companies during the quarter in terms of Para A(1) of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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 There were no Imposition of Fine or Penalty during the quarter in terms of Para A (20) of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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 v00103
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. Harsh Vardhan Lodha 00394094 Non-Executive - Non Independent Director Chairperson related to Promoter 13-Feb-1967 No Active NA 05-May-2004 11-Sep-2023 5 0 1 1
2 Mr. Priya Shankar Dasgupta 00012552 Non-Executive - Independent Director Not Applicable 30-Jun-1955 No Active NA 21-Nov-2021 21-Nov-2021 53 2 2 1 0
3 Mrs. Rashmi Dhariwal 00337814 Non-Executive - Independent Director Not Applicable 02-Jun-1956 No Active NA 14-Nov-2022 14-Nov-2022 41 3 3 10 2
4 Mr. Bachh Raj Nahar 00049895 Non-Executive - Independent Director Not Applicable 14-Jun-1951 No Active NA 01-Apr-2024 01-Apr-2024 24 4 4 10 5
5 Mr. Aravind Srinivasan 00088037 Non-Executive - Independent Director Not Applicable 16-Sep-1969 No Active NA 01-Apr-2024 01-Apr-2024 24 2 2 2 0
6 Mrs. Srishti Lodha 05320669 Non-Executive - Non Independent Director Not Applicable 10-Dec-1993 No Active NA 22-May-2025 1 0 0 0
7 Mr. Yashwant Singh Lodha 00052861 Executive Director Not Applicable CEO-MD 03-Apr-1964 No Active NA 27-Oct-2006 04-Nov-2025 2 0 2 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 00049895 Bachh Raj Nahar Non-Executive - Independent Director Chairperson 01-Apr-2024
2 00088037 Aravind Srinivasan Non-Executive - Independent Director Member 01-Apr-2024
3 00012552 Priya Shankar Dasgupta Non-Executive - Independent Director Member 17-May-2024
4 00337814 Rashmi Dhariwal Non-Executive - Independent Director Member 25-Oct-2024



Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00049895 Bachh Raj Nahar Non-Executive - Independent Director Chairperson 01-Apr-2024
2 00012552 Priya Shankar Dasgupta Non-Executive - Independent Director Member 01-Apr-2024
3 00088037 Aravind Srinivasan Non-Executive - Independent Director Member 25-Oct-2024



Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00049895 Bachh Raj Nahar Non-Executive - Independent Director Chairperson 01-Apr-2024
2 00052861 Yashwant Singh Lodha Executive Director Member 01-Apr-2024
3 00337814 Rashmi Dhariwal Non-Executive - Independent Director Member 25-Oct-2024



Risk Management Committee
Whether the Risk Management Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00049895 Bachh Raj Nahar ID Chairperson 01-Apr-2024
2 00337814 Rashmi Dhariwal ID Member 01-Apr-2024
3 00052861 Yashwant Singh Lodha ED Member 17-May-2024
4 99999999 Sandeep Chawla President & CEO - EPC Division Member 29-Jun-2021 Textual Information(1)



Text Block
Textual Information(1) In addition to three Directors who are members of the Risk Management Committee, Mr.Sandeep Chawla, President & CEO - EPC Division of the Company is also a member of the Risk Management Committee.



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 12-Nov-2025 Yes 7 6 3
2 06-Feb-2026 85 Yes 7 7 4
3 21-Mar-2026 42 No 7 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 12-Nov-2025 Yes 4 2 2 0
2 Audit Committee 06-Feb-2026 85 Yes 4 4 4 0
3 Audit Committee 21-Mar-2026 42 Yes 4 3 3 0
4 Stakeholders Relationship Committee 21-Mar-2026 Yes 3 3 2 0
5 Risk Management Committee 17-Oct-2025 Yes 3 2 2 1
6 Risk Management Committee 21-Mar-2026 154 Yes 3 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 Dinesh Kapoor
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.vtlrewa.com/Profile.html
1.2 Memorandum of Association and Articles of Association Yes https://www.vtlrewa.com/MOA-and-AOA.pdf
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://www.vtlrewa.com/directors-profile.html
2 Terms and conditions of appointment of independent directors Yes https://www.vtlrewa.com/Terms-of-Appointment-ID.pdf
3 Composition of various committees of board of directors Yes https://www.vtlrewa.com/Committees.html
4 Code of conduct of board of directors and senior management personnel Yes https://www.vtlrewa.com/Code-of-Conduct.pdf
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://www.vtlrewa.com/Policies/Whistle-Blower.pdf
6 Criteria of making payments to non-executive directors Yes https://www.vtlrewa.com/Policies/Remuneration.pdf
7 Policy on dealing with related party transactions Yes https://www.vtlrewa.com/Policies/RPT.pdf
8 Policy for determining material subsidiaries Yes https://www.vtlrewa.com/Policies/Material-Subsidiaries.pdf
9 Details of familiarization programmes imparted to independent directors Yes https://www.vtlrewa.com/Familiarization-Programme/Details.pdf
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://www.vtlrewa.com/investors-services.html
11 Email address for grievance redressal and other relevant details Yes https://www.vtlrewa.com/investors-services.html
12 Financial results Yes https://www.vtlrewa.com/financial-information.html
13 Shareholding pattern Yes https://www.vtlrewa.com/Shareholding-Pattern.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 NA
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls NA
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://www.vtlrewa.com/Reg-47.html
18 Credit rating or revision in credit rating obtained Yes https://www.vtlrewa.com/Credit-Rating.html
19 Separate audited financial statements of each subsidiary of the listed entity No The valid and duly approved financial statements/results of the three wholly owned subsidiaries which are non-deposit taking Non-Banking Financial Companies viz. August Agents Ltd., Insilco Agents Ltd. and Laneseda Agents Ltd. are not available to the Company since April 1, 2021. The ex-directors of the said subsidiaries are having unauthorised and illegal possession of the books of account, statutory and other records of the said subsidiaries. Legal proceedings in the matter are also pending before different forums.
20 Secretarial compliance report Yes https://www.vtlrewa.com/Reg-24A.html
21 Materiality policy as per regulation 30 (4) Yes https://www.vtlrewa.com/Policies/Material-Events.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.vtlrewa.com/Contact-Details-KMPs.html
23 Disclosures under regulation 30(8) Yes https://www.vtlrewa.com/Reg-30.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.vtlrewa.com/Policies/DDP.pdf
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://www.vtlrewa.com/Annual-Return.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.vtlrewa.com/Profile.html
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://www.vtlrewa.com/Profile.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) 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 Textual Information(1)



Text Block
Textual Information(1) 35. Other Corporate Governance requirements with respect to subsidiary of listed entity: The valid and duly approved financial statements/ results of the three wholly owned subsidiaries which are non deposit taking Non- Banking Financial Companies viz. August Agents Ltd., Insilco Agents Ltd. and Lanseda Agents Ltd. are not available to the Company since April 1, 2021. The ex-directors of the said subsidiaries are having unauthorised and illegal possession of the books of account, statutory and other records of the said subsidiaries. Legal proceedings in the matter are also pending before different forums.



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) 1. None of the wholly owned subsidiary companies of the Company is a unlisted material subsidiary as defined in Regulation 24 of SEBI (LODR) Regulations, 2015 (Listing Regulations). However, the Company has approved the 'Policy for determining material subsidiary' in accordance with Regulation 16(1) (c) of Listing Regulations which is available on the website of the Company 2. The valid and duly approved financial statements/results of the three wholly owned subsidiaries which are non-deposit taking Non-Banking Financial Companies viz. August Agents Ltd., Insilco Agents Ltd. and Laneseda Agents Ltd. are not available to the Company since April 1, 2021. The ex-directors of the said subsidiaries are having unauthorised and illegal possession of the books of account, statutory and other records of the said subsidiaries. Legal proceedings in the matter are also pending before different forums.



Annexure II
1 Name of signatory Dinesh Kapoor
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 Corporate Guarantee 0 2960000000
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 Saurabh Chhajer
Designation Chief Financial Officer
Place Noida
Date 23-Apr-2026



Signatory Details
Name of signatory Dinesh Kapoor
Designation of person Company Secretary and Compliance Officer
Place Gurugram
Date 23-Apr-2026


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 0
No. of investor complaints received during the Quarter 0
No. of investor complaints disposed off during the Quarter 0
No. of investor complaints those remaining unresolved at the end of the Quarter 0


Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies-
The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below
Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies
Sr. No. Name of the unlisted company in which shares or voting rights have been acquired Date of acquisition Aggregate holding (% shares or voting rights) as at the end of the previous quarter % shares or voting rights acquired during the quarter Aggregate holding (% shares or voting rights) as at the end of the quarter


Disclosure of Imposition of Fine or Penalty
The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:
Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr. No. Name of the authority Nature and details of the action(s) taken or order(s) passed Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority Details of the violation(s)/ contravention(s) committed or alleged to be committed Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible


Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr. No. Name of the opposing party Date of initiation of the litigation / dispute Status of the litigation / dispute as per last disclosure Current status of the litigation / dispute
1 The Appellate Authority for Advance Ruling (Uttarakhand) 21-Dec-2018 The Company had filed an application before the concerned authority for advance ruling under Section 97 of the Uttarakhand Goods and Services Tax Act, 2017 on the issue of eligibility for availment of Input Tax Credit on the purchase of goods and services used for constructing the infrastructure that is leased out or sold to the Telecommunication operators. The Authority for Advance Ruling vide its Order No. 6/2018-19 dated 28.08.2018 held in favour of the Company and allowed the Company to avail the Input Tax Credit on the purchase of goods and services used in the construction of the infrastructure. Aggrieved by the said order, the Revenue Authorities filed an Appeal No. GSTARA03/03/26-09-2018 before the Appellate Authority for Advance Ruling. The Appellate Authority vide its Order No. 02/18-19 dated 21.12.2018 held in favour of the revenue authorities that the Company is not eligible for availment of Input Tax Credit on the goods and services used in the erection of infrastructure. The Company had preferred a Writ Petition before the Hon’ble High Court of Uttarakhand against the aforesaid Order passed by the Appellate Authority for Advance Ruling, Uttarakhand (AAAR) with regard to eligibility of Input Tax Credit on goods and services used for constructing the passive Optical Fibre Cable Networks for being used by the telecom operators/service providers under Indefeasible Right-of-Use (IRU) terms. The said Order of AAAR has been stayed by the Hon’ble High Court of Uttarakhand vide its Interim Order dated 27.04.2019 and the matter is subjudice. The amount of Input Tax Credit involved is Rs. 3904.48 Lakhs as on 31st March, 2026. The Hon`ble High Court of Uttarakhand heard the matter on various dates, lastly listed on 14.10.2025 and extended the Interim Order dated 27.04.2019 till the next date of hearing which is yet to be announced.