Integrated Filing-Governance



General information about company

Scrip Code 534139
NSE Symbol SCHNEIDER
MSEI Symbol NOTLISTED
ISIN INE839M01018
Name of the entity Schneider Electric Infrastructure Limited
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Reporting Quarter Yearly
Date of Quarter Ending 31-Mar-2026
Type of company Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? No
Reason For Part C Of Annexure I Disclosure Of Acquisition Of Shares OrVotingRightsInUnlistedCompaniesIsNotApplicableToTheEntity Not Applicable
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 s01756
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 1) As Date of Re-Appointment cannot be left blank due to technical issue with utility, appointment date has been filled in the coloumn pertaining to re-appointment dates. 2) Tenure of IDs has been calculatedin terms of FAQs issued by NSE vide Circular Ref No: NSE/CML/2023/31 dated April 10, 2023
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. Pravin Kumar Purang 02533080 Non-Executive - Independent Director Chairperson 09-Aug-1948 No Active Yes 16-May-2025 21-May-2022 21-May-2025 46.11 1 1 2 1
2 Mr. SUNDARAM DAMODARANNAIR 00016304 Non-Executive - Independent Director Not Applicable 16-Apr-1953 No Active Yes 11-Dec-2025 24-Oct-2025 24-Oct-2025 5.08 4 3 8 3
3 Ms. SHALINI SARIN 06604529 Non-Executive - Independent Director Not Applicable 15-Jun-1965 No Active NA 24-Oct-2025 24-Oct-2025 5.08 6 6 4 1
4 Mr. Udai Singh 10311583 Executive Director Not Applicable 28-Jul-1969 No Active NA 15-Sep-2023 15-Sep-2023 1 0 1 0
5 Mr. Deepak Sharma 10059493 Non-Executive - Non Independent Director Not Applicable 17-Nov-1972 No Active NA 30-Jun-2023 30-Jun-2023 1 0 2 0
6 Mr. Chinmoy Das 10830577 Executive Director Not Applicable 04-Aug-1977 No Active NA 14-Nov-2024 14-Nov-2024 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 00016304 SUNDARAM DAMODARANNAIR Non-Executive - Independent Director Chairperson 24-Oct-2025
2 02533080 Pravin Kumar Purang Non-Executive - Independent Director Member 21-May-2022
3 06604529 SHALINI SARIN Non-Executive - Independent Director Member 24-Oct-2025
4 10059493 Deepak Sharma Non-Executive - Non Independent Director Member 15-Sep-2023



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 06604529 SHALINI SARIN Non-Executive - Independent Director Chairperson 24-Oct-2025
2 02533080 Pravin Kumar Purang Non-Executive - Independent Director Member 21-May-2022
3 10059493 Deepak Sharma Non-Executive - Non Independent Director Member 24-Oct-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 02533080 Pravin Kumar Purang Non-Executive - Independent Director Chairperson 24-Oct-2025
2 10311583 Udai Singh Executive Director Member 15-Sep-2023
3 10059493 Deepak Sharma Non-Executive - Non Independent Director Member 30-Jun-2023



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 00016304 SUNDARAM DAMODARANNAIR ID Chairperson 24-Oct-2025
2 10059493 Deepak Sharma NED Member 30-Jun-2023
3 10311583 Udai Singh ED Member 15-Sep-2023



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 24-Oct-2025 Yes 6 5 2
2 07-Nov-2025 13 Yes 6 6 3
3 12-Feb-2026 96 Yes 6 6 3
4 27-Mar-2026 42 Yes 6 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 Nomination and remuneration committee 24-Oct-2025 Yes 3 3 2 0
2 Nomination and remuneration committee 27-Mar-2026 153 Yes 3 3 2 0
3 Audit Committee 07-Nov-2025 Yes 4 4 3 0
4 Audit Committee 12-Feb-2026 96 Yes 4 4 3 0
5 Audit Committee 27-Mar-2026 Yes 4 4 3 0
6 Risk Management Committee 07-Nov-2025 Yes 3 3 1 0
7 Stakeholders Relationship Committee 12-Feb-2026 96 Yes 3 3 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: None



Annexure 1
Sr Subject Compliance status
1 Name of signatory Sumit Goel
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 Not Applicable
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://infra-in.se.com/en/
1.2 Memorandum of Association and Articles of Association Yes https://download.schneider-electric.com/files?p_enDocType=Institutional+Document&p_Doc_Ref=moa_aoa_seildec
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://infra-in.se.com/en/investor/board-of-directors/
2 Terms and conditions of appointment of independent directors Yes https://infra-in.se.com/en/investor/board-of-directors/
3 Composition of various committees of board of directors Yes https://infra-in.se.com/en/investor/committees-of-directors/
4 Code of conduct of board of directors and senior management personnel Yes https://infra-in.se.com/en/investor/code-of-conduct/
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://download.schneider-electric.com/files?p_enDocType=Institutional+Document&p_Doc_Ref=Whistle_Blower_2018
6 Criteria of making payments to non-executive directors Yes https://infra-in.se.com/en/investor/board-of-directors/
7 Policy on dealing with related party transactions Yes https://download.schneider-electric.com/files?p_enDocType=Institutional+Document&p_Doc_Ref=policy_rpt_26feb
8 Policy for determining material subsidiaries NA
9 Details of familiarization programmes imparted to independent directors Yes https://download.schneider-electric.com/files?p_enDocType=Institutional+Document&p_Doc_Ref=FP_BOD
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://infra-in.se.com/en/contact-us/
11 Email address for grievance redressal and other relevant details Yes https://infra-in.se.com/en/contact-us/
12 Financial results Yes https://infra-in.se.com/en/investor/annual-reports-financials/
13 Shareholding pattern Yes https://infra-in.se.com/en/investor/reports/shareholding-pattern/
14 Details of agreements entered into with the media companies and/or their associates NA
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet Yes https://infra-in.se.com/en/investor/annual-reports-financials/
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://infra-in.se.com/en/investor/annual-reports-financials/
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://infra-in.se.com/en/investor/announcements/
18 Credit rating or revision in credit rating obtained NA
19 Separate audited financial statements of each subsidiary of the listed entity NA
20 Secretarial compliance report Yes https://infra-in.se.com/en/investor/annual-secretarial-compliance-report/
21 Materiality policy as per regulation 30 (4) Yes https://download.schneider-electric.com/files?p_enDocType=Institutional+Document&p_Doc_Ref=policy_dme_feb11
22 Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) Yes https://infra-in.se.com/en/contact-us/
23 Disclosures under regulation 30(8) Yes https://infra-in.se.com/en/investor/reports/policies/
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://download.schneider-electric.com/files?p_enDocType=Institutional+Document&p_Doc_Ref=Dividend_Distribution_2018
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://infra-in.se.com/en/investor/annual-returns/
26.2 Employee benefit scheme documents framed in terms of SEBI (SBEB) regulations 2021
27 Confirmation that the above disclosures are in a separate section as specified in regulation 46(2) Yes https://infra-in.se.com/en/investor/
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://infra-in.se.com/en/investor/
29 Disclosure of notes on website in terms of Listing Regulations explanatory


Annexure II
II. Annual Affirmations
Sr Particulars Regulation Number Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here.
1 Independent director(s) have been appointed in terms of specified criteria of independence and/or eligibility 16(1)(b) Yes
2 Board Composition 17(1), 17(1A) & 17(1C), 17(1D) & 17(1E) Yes
3 Meeting Of Board Of Directors 17(2) Yes
4 Quorum of board meeting 17(2A) Yes
5 Review of Compliance Reports 17(3) Yes
6 Plans for orderly succession for appointments 17(4) Yes
7 Code of Conduct 17(5) Yes
8 Fees/compensation 17(6) Yes
9 Minimum Information 17(7) Yes
10 Compliance Certificate 17(8) Yes
11 Risk Assessment & Management 17(9) Yes
12 Performance Evaluation of Independent Directors 17(10) Yes
13 Recommendation of Board 17(11) Yes
14 Maximum number of Directorships 17A Yes
15 Composition of Audit Committee 18(1) Yes
16 Meeting of Audit Committee 18(2) Yes
17 Role of Audit Committee and information to be reviewed by the audit committee 18(3) Yes
18 Composition of nomination & remuneration committee 19(1) & (2) Yes
19 Quorum of Nomination and Remuneration Committee meeting 19(2A) Yes
20 Meeting of Nomination and Remuneration Committee 19(3A) Yes
21 Role of Nomination and Remuneration Committee 19(4) Yes
22 Composition of Stakeholder Relationship Committee 20(1), 20(2) & 20(2A) Yes
23 Meeting of Stakeholders Relationship Committee 20(3A) Yes
24 Role of Stakeholders Relationship Committee 20(4) Yes
25 Composition and role of risk management committee 21(1),(2),(3),(4) Yes
26 Meeting of Risk Management Committee 21(3A) Yes
27 Quorum of Risk Management Committee meeting 21(3B) Yes
28 Gap between the meetings of the Risk Management Committee 21(3C) Yes
29 Vigil Mechanism 22 Yes
30 Policy for related party Transaction 23(1), (1A), (5), (6), & (8) Yes
31 Prior or Omnibus approval of Audit Committee for all related party transactions 23(2), (3) Yes
32 Approval for material related party transactions 23(4) Yes
33 Disclosure of related party transactions on consolidated basis 23(9) Yes
34 Composition of Board of Directors of unlisted material Subsidiary 24(1) NA
35 Other Corporate Governance requirements with respect to subsidiary of listed entity 24(2),(3),(4),(5) & (6) NA
36 Alternate Director to Independent Director 25(1) NA
37 Maximum Tenure 25(2) Yes
38 Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism 25(2A) Yes
39 Meeting of independent directors 25(3) & (4) Yes
40 Familiarization of independent directors 25(7) Yes
41 Declaration from Independent Director 25(8) & (9) Yes
42 Directors and Officers insurance 25(10) Yes
43 Confirmation with respect to appointment of Independent Directors who resigned from the listed entity 25(11) Yes
44 Memberships in Committees 26(1) Yes
45 Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel 26(3) Yes
46 Policy with respect to Obligations of directors and senior management 26(2) & 26(5) Yes
47 Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity 26(6) NA
48 Vacancies in respect Key Managerial Personnel 26A(1) & 26A(2), 26A(3) Yes
Any other information to be provided - Add Notes



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



Annexure II
1 Name of signatory Sumit Goel
2 Designation Company Secretary and Compliance Officer



Additional Half yearly Disclosure
Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc.
I. Disclosure of Loans/ guarantees/comfort letters /securities etc.refer note below
(A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to
Entity Aggregate amount advanced during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them 0 0
Promoter Group or any other entity controlled by them 0 0
Directors (including relatives) or any other entity controlled by them 0 0
KMPs or any other entity controlled by them 0 0
(B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By
Entity Type (guarantee, comfort letter etc.) Aggregate amount of issuance during six months Balance outstanding at the end of six months(taking into account any invocation)
Promoter or any other entity controlled by them 0 0 0
Promoter Group or any other entity controlled by them 0 0 0
Directors (including relatives) or any other entity controlled by them 0 0 0
KMPs or any other entity controlled by them 0 0 0
(C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by
Entity Type of security (cash, shares etc.) Aggregate value of security provided during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them 0 0 0
Promoter Group or any other entity controlled by them 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 Textual Information(2)
Name Omkar Prasad
Designation Chief Financial Officer
Place Gurugram
Date 24-Apr-2026



Text Block
Textual Information(3) Not Applicable



Signatory Details
Name of signatory Sumit Goel
Designation of person Company Secretary and Compliance Officer
Place Gurugram
Date 24-Apr-2026


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 0
No. of investor complaints received during the Quarter 9
No. of investor complaints disposed off during the Quarter 9
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 Superintendent R-31:DIVISIONEAST-1:GURUGRAM:PANCHKULA:CBIC Rectification order received in which reduction in the amount of tax demand and penalty 17-Mar-2026 Rectification order received reducing the tax demand and penalty to INR INR 1,11,749/- each There is no material impact on the financials, operations, or other routine business activities.


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 Joint Commissioner, Sales Tax, Commercial Taxes, Govt of West Bengal 20-Jul-2017 Non-Submission of Statutory forms and alleged short payment of duty amounting to MINR 126.73 relating to period 2014-15. The Company has filed an appeal before Sales Tax Tribunal. The matter is sub-judice. Status Quo
2 Commissioner Appeals 31-Oct-2015 Input tax claim disallowed, non-submission of declaration forms amounting to MINR 111.01 (including interest & penalties) relating to period 2011-12. The Company has filed an appeal before sales Tax Tribunal. The matter is sub-judice. Status Quo
3 Income tax Authorities 10-Jan-2020 Pursuant to the settlement of the matters under VSV scheme 2024, only the issue relating to disallowance of data management charges (estimated tax demand amounting to approx. MINR 100) for the period 2012-13 is pending before the CIT(A) against the re-assessment order. Status Quo
4 Income tax Authorities 18-Aug-2023 Assessment Order passed under Section 143(3) read with Section 144C(13) andSection 144B of the Income-Tax Act,1961(‘the Act’) for the income tax return filedfor the Assessment Year 2021-22 demanding tax amount of MINR 214.62 afterincome adjustments (“Assessment Order”). The Assessment Order further mentionsabout initiation of penalty proceedings separately under Section 270A and Section 271AA of the Act. The Company filed appeal with ITAT against final assessmentorder and received an order dated August 12, 2025 giving effect to the order of the Commissioner of Income tax (Appeal) under Section 250 read with Section 143(1) ofthe Act reducing the tax demand to MINR 138.29. The Company shall evaluate the appropriate legal remedy and would file an appropriate response to the Order. The Order came to knowledge of the Compliance Officer on August 26, 2025 at 1:16 p.m. (IST) and was duly intimated to the exchanges on the even date. Pursuant to the order giving effect to the order of the Commissioner of Income tax (Appeal), reducing the tax demand to MINR 138.29. The ITAT, by its order dated February 09, 2026, granted a conditional stay on the recovery of the dispute demand, subject to payment of 20% of the disputed tax demand. Pursuant to which the Company has deposited the same amount. The stay order was received by the Company on February 10, 2026 at 06:27p.m. (IST) intimation of which was filed by the Company with the stock exchanges on February 11, 2026.
5 Income tax Authorities 26-Mar-2025 The order passed under Section 147 read with section 144B of the Income tax Act for the Assessment Year 2017-18 demanding tax amount of MINR 185.26 after income adjustments (“Assessment Order”). The Assessment Order further mentions about initiation of penalty proceedings separately under Section 270A of the Act. Furthermore, the High Court of Gujarat at Ahmedabad, in its order dated August 30,2024, has allowed the proceedings to continue. However, it has directed that no final assessment order shall be passed without the court’s permission during the pendency of the petition. Pursuant to the Company’s filing of the application, the Hon’ble High Court of Gujarat at Ahmedabad has, on August 5, 2025, granted a stay order against the order passed contrary to the court’s directions by the Assessment Unit, Income Tax Department, under Section 147 read with section 144B of the Income tax Act for the Assessment Year 2017-18, demanding tax amount of MINR 185.26 after income adjustments. Status Quo
6 Income tax Authorities 30-Jan-2026 This was not required to be reported in last quarter as litigation initiated during the current reporting quarter. With respect to an Assessment Order and Demand Notice dated December 31, 2025, passed by the Deputy Commissioner of Income Tax under sections 143(3)/144C of the Income Tax Act, 1961, raising an additional tax demand of MINR 171.24 for Assessment Year 2022‑23, the Company has filed an appeal along with stay application before the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench. Pursuant to the filing of the stay application, the ITAT, by its order dated February 13, 2026, granted a conditional stay on the recovery of the dispute demand, subject to payment of 20% of the disputed tax demand in two equal Instalments. The matter is pending for adjudication. The intimation with regard to stays order was informed to the stock exchanges on February 14, 2026.