Integrated Filing-Governance



General information about company

Scrip Code 531642
NSE Symbol MARICO
MSEI Symbol NOTLISTED
ISIN INE196A01026
Name of the entity MARICO 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? Yes
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 was no imposition of fine or penalty on the Company during the quarter ended March 31, 2026 requiring disclosure under this report.
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 m00111
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 1. Mr. Saugata Gupta has been re-appointed as the Managing Director & Chief Executive Officer of the Company for a period of 2 years with effect from April 1, 2026 to March 31, 2028. 2. Mr. Saugata Gupta resigned as an Independent Director of Delhivery Limited (Delhivery) with effect from end of day on March 31, 2026. Consequently, he ceased to be the Chairman of Stakeholders Relationship Committee and Nomination and Remuneration Committee of Delhivery.
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 Charandas Mariwala 00210342 Non-Executive - Non Independent Director Chairperson related to Promoter 14-May-1951 No Active Yes 08-Aug-2025 13-Oct-1988 08-Aug-2025 4 2 1 0
2 Mr. Saugata Gupta 05251806 Executive Director Not Applicable CEO-MD 10-Aug-1967 No Active NA 01-Apr-2014 01-Apr-2024 3 2 3 1
3 Mr. Rajendra K. Mariwala 00007246 Non-Executive - Non Independent Director Not Applicable 04-Sep-1962 No Active NA 27-Apr-2005 09-Aug-2024 6 4 3 0
4 Mr. Rishabh Harsh Mariwala 03072284 Non-Executive - Non Independent Director Not Applicable 08-Feb-1982 No Active NA 02-May-2017 11-Aug-2023 2 0 0 0
5 Mr. Nikhil Nirvan Khattau 00017880 Non-Executive - Non Independent Director Not Applicable 20-Mar-1963 No Active NA 25-Jul-2001 01-Apr-2024 3 1 4 1
6 Mr. Ananth Sankaranarayanan 07527676 Non-Executive - Independent Director Not Applicable 24-Dec-1976 No Active NA 26-Jun-2017 26-Jun-2022 105.05 2 2 2 0
7 Mr. Milind Gajanan Barve 00087839 Non-Executive - Independent Director Not Applicable 13-Nov-1957 No Active NA 02-Aug-2021 02-Aug-2021 55.3 2 2 3 3
8 Mr. Rajeev Vasudeva 02066480 Non-Executive - Independent Director Not Applicable 19-Jul-1959 No Active NA 01-Nov-2021 01-Nov-2021 53 2 2 1 1
9 Ms. Apurva Purohit 00190097 Non-Executive - Independent Director Not Applicable 03-Oct-1966 No Active NA 07-Apr-2022 07-Apr-2022 47.24 5 5 3 0
10 Ms. Nayantara Bali 03570657 Non-Executive - Independent Director Not Applicable 13-Jun-1966 No Active NA 07-Apr-2022 07-Apr-2022 47.24 2 2 2 0
11 Mr. Rajan Bharti Mittal 00028016 Non-Executive - Independent Director Not Applicable 05-Jan-1960 No Active NA 01-Jul-2023 01-Jul-2023 33 5 2 5 3
12 Mr. Bhaskar Bhat 00148778 Non-Executive - Independent Director Not Applicable 29-Aug-1954 No Active Yes 22-Sep-2025 01-Oct-2025 01-Oct-2025 6 3 3 4 1



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 00087839 Milind Gajanan Barve Non-Executive - Independent Director Chairperson 02-Aug-2021
2 00190097 Apurva Purohit Non-Executive - Independent Director Member 06-Aug-2022
3 07527676 Ananth Sankaranarayanan Non-Executive - Independent Director Member 01-Jan-2024
4 03570657 Nayantara Bali Non-Executive - Independent Director Member 29-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 02066480 Rajeev Vasudeva Non-Executive - Independent Director Chairperson 28-Jan-2022
2 00190097 Apurva Purohit Non-Executive - Independent Director Member 07-Apr-2022
3 00028016 Rajan Bharti Mittal Non-Executive - Independent Director Member 01-Jan-2024
4 00148778 Bhaskar Bhat Non-Executive - Independent Director Member 01-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 00087839 Milind Gajanan Barve Non-Executive - Independent Director Chairperson 01-Apr-2024
2 00007246 Rajendra K. Mariwala Non-Executive - Non Independent Director Member 27-Apr-2005
3 05251806 Saugata Gupta Executive Director Member 01-Apr-2019



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 00087839 Milind Gajanan Barve ID Chairperson 01-Apr-2024
2 05251806 Saugata Gupta ED Member 07-Nov-2014
3 08863625 Pawan Agrawal CFO Member 10-Sep-2020 Textual Information(1)



Text Block
Textual Information(1) Mr. Pawan Agrawal, Chief Financial Officer of the Company, is 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 14-Nov-2025 Yes 12 11 6
2 27-Jan-2026 73 Yes 12 12 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 14-Oct-2025 Yes 4 3 3 0
2 Audit Committee 14-Nov-2025 30 Yes 4 3 3 0
3 Audit Committee 12-Jan-2026 58 Yes 4 4 4 0
4 Audit Committee 27-Jan-2026 Yes 4 4 4 0
5 Nomination and remuneration committee 27-Jan-2026 Yes 4 3 3 0
6 Stakeholders Relationship Committee 27-Jan-2026 Yes 3 2 1 0
7 Risk Management Committee 19-Jan-2026 Yes 2 2 1 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 Vinay M A
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://marico.com/india/about-us
1.2 Memorandum of Association and Articles of Association Yes https://marico.com/investorspdf/Memorandum-and-Articles-of-Association-updated-as-on-January-20-2021.pdf
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://marico.com/india/about-us/board-of-directors
2 Terms and conditions of appointment of independent directors Yes https://marico.com/investorspdf/specimen-of-terms-appointment-of-independent-director.pdf
3 Composition of various committees of board of directors Yes https://marico.com/page/Committees-of-the-Board.pdf
4 Code of conduct of board of directors and senior management personnel Yes https://marico.com/aboutus_coc_pdf/marico-code-of-conduct.pdf
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://marico.com/aboutus_coc_pdf/marico-code-of-conduct.pdf
6 Criteria of making payments to non-executive directors Yes https://marico.com/india/investors/annual-report
7 Policy on dealing with related party transactions Yes https://marico.com/investorspdf/Policy_on_Related_Party_Transactions.pdf
8 Policy for determining material subsidiaries Yes https://marico.com/investorspdf/Policy_for_Determination_of_Material_Subsidiary.pdf
9 Details of familiarization programmes imparted to independent directors Yes https://marico.com/india/investors/corporate-governance
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://marico.com/contact-us
11 Email address for grievance redressal and other relevant details Yes https://marico.com/contact-us
12 Financial results Yes https://marico.com/india/investors/shareholder/stock-exchange
13 Shareholding pattern Yes https://marico.com/india/investors/shareholder/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://marico.com/india/investors/shareholder/schedule-of-investors
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://marico.com/india/investors#quarterly
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://marico.com/india/investors/shareholder/stock-exchange
18 Credit rating or revision in credit rating obtained NA
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://marico.com/india/investors/annual-report
20 Secretarial compliance report Yes https://marico.com/india/investors/shareholder/stock-exchange
21 Materiality policy as per regulation 30 (4) Yes https://marico.com/investorspdf/policy-determination-materiality-events-information.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://marico.com/investorspdf/Appointment_of_Company_Secretary__Compliance_officer_and_updation_of_contact_details_as_per_Reg_30(5).pdf
23 Disclosures under regulation 30(8) Yes https://marico.com/india/investors/shareholder/stock-exchange
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://marico.com/investorspdf/Dividend_Distribution_Policy.pdf
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://marico.com/india/investors/annual-report
26.2 Employee benefit scheme documents framed in terms of SEBI (SBEB) regulations 2021
27 Confirmation that the above disclosures are in a separate section as specified in regulation 46(2) Yes https://marico.com/india/investors/shareholder/disclosure
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://marico.com/india/investors/shareholder/disclosure
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) 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) 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



Annexure II
1 Name of signatory Vinay M A
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 NA 0 0
Promoter Group or any other entity controlled by them NA 0 0
Directors (including relatives) or any other entity controlled by them NA 0 0
KMPs or any other entity controlled by them NA 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 NA 0 0
Promoter Group or any other entity controlled by them NA 0 0
Directors (including relatives) or any other entity controlled by them NA 0 0
KMPs or any other entity controlled by them NA 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 Saugata Gupta
Designation CEO
Place Mumbai
Date 24-Apr-2026



Text Block
Textual Information(3) The Company has not given any loan guarantees comfort letters or security in connection with any loans or other form of debt directly or indirectly to any Promoter or Member of Promoter Group Directors including their relatives KMPs including their relatives or any entity controlled by them during the half year.



Signatory Details
Name of signatory Vinay M A
Designation of person Company Secretary and Compliance Officer
Place Mumbai
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 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 1. The Company acquired 93.27% of paid-up share capital of Zea Maize Private Limited (Zea Maize) on January 29, 2026. The same was previously intimated to the stock exchanges pursuant to Regulation 30 of of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations) vide our letters dated January 26, 2026 and January 29, 2026. Subsequently, the Company acquired additional stake of 0.75% by way of rights issue, thereby increasing its stake to 94.02% of the paid up share capital in Zea Maize. 2. The Company completed acquisition of aggregate equity stake of 60% in Cosmix Wellness Private Limited on February 5, 2026. This was previously intimated to the stock exchanges pursuant to Regulation 30 of SEBI Listing Regulations vide our letters dated February 4, 2026 and February 5, 2026.
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
1 Zea Maize Private Limited 29-Jan-2026 0 94.0200 94.0200
2 Cosmix Wellness Private Limited 05-Feb-2026 0 60.0 60.0


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 Assistant Commissioner of Income-tax- Circle 12(3)(2), Mumbai 29-Jan-2020 For Assessment Year (AY) 2016-17, the Income-tax return filed by the Company was selected for tax assessment by the Income-tax department. The Assistant Commissioner of Income-tax- Circle 12(3)(2), Mumbai, completed the assessment and passed an assessment order under Section 143 of the Income-tax Act, 1961. Aggrieved with the order, the Company challenged the same before the Commissioner of Income-tax (Appeal) by preferring an appeal. The litigation is with regard to various transfer pricing adjustments made, disallowances of deductions/expenses claimed, etc. As of now, the case is pending disposal. The case is pending for disposal with Commissioner of Income Tax (Appeals).
2 Tax Authority at the National Faceless Assessment Centre, Income-tax department, New Delhi 25-Nov-2021 For the Assessment Year (AY) 2017-18, the Income-tax return filed by the Company was selected for tax assessment by the Income-tax department. The Tax authority at the National Faceless Assessment Centre, Income-tax department, New Delhi, completed the assessment and passed an assessment order under Section 143 of the Income-tax Act, 1961. Aggrieved with the order, the Company challenged the matter before the Commissioner of Income-tax (Appeal) by preferring an appeal. The litigation is with regard to various transfer pricing adjustments made, disallowances of deductions/expenses claimed, etc. As of now, the case is pending disposal. The case is pending for disposal with Commissioner of Income Tax (Appeals).
3 Tax Authority at the National Faceless Assessment Centre, Income-tax department, New Delhi 29-Jul-2024 The Company has received an assessment order pertaining to Income Tax demand of Rs. 142.07 Crores on account of various transfer pricing adjustments made, disallowances of deductions/expenses claimed, etc. The Company will file a rectification application with the Income Tax Department seeking correction of certain errors in the said order, consequent to which the demand amount should stand substantially reduced. The Company will also pursue an appeal against the order under the applicable laws. The above matter is in the normal course of business and the Company expects a favourable outcome considering the factual and legal grounds pertaining to the matter. Further, it is not likely to have a material impact on financials or operations of the Company. The case is pending for disposal with Income Tax Appellate Tribunal.