Integrated Filing-Governance



General information about company

Scrip Code 532488
NSE Symbol DIVISLAB
MSEI Symbol NOTLISTED
ISIN INE361B01024
Name of the entity Divi's Laboratories 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 acqusition of shares or voting rights by the Company in unlisted companies during the quarter ended March 31, 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 There were no Loans / guarantees / comfort letters / securities etc advanced/issued by the Company during the half year ended March 31, 2026.
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 100 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID d00111
Reason For No SCORE ID
Type of Submission Original
Remarks (website dissemination)



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO 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. RAMESHBABU VENKATA NIMMAGADDA 07854042 Non-Executive - Independent Director Chairperson 14-Aug-1947 No Active Yes 26-Mar-2022 27-Jun-2017 27-Jun-2022 105 1 1 2 1
2 Mr. MURALI KRISHNA PRASAD DIVI 00005040 Executive Director Not Applicable MD 17-Mar-1951 No Active NA 12-Oct-1990 10-Oct-2024 1 0 0 0
3 Mr. NIMMAGADDA VENKATA RAMANA 00005031 Executive Director Not Applicable 17-Aug-1957 No Active NA 01-Oct-1994 26-Dec-2024 1 0 0 0
4 Mr. SATCHANDRA KIRAN DIVI 00006503 Executive Director Not Applicable CEO 06-Oct-1976 No Active NA 10-Aug-2001 01-Apr-2025 1 0 0 0
5 Ms. NILIMA PRASAD DIVI 06388001 Executive Director Not Applicable 18-Apr-1982 No Active NA 27-Jun-2017 27-Jun-2022 1 0 0 0
6 Mr. DEVENDRA RAO SUREDDY 10481393 Executive Director Not Applicable 15-May-1962 No Active NA 10-Feb-2024 10-Feb-2024 1 0 1 0
7 Mr. GANAPATY SERU 07872766 Non-Executive - Independent Director Not Applicable 19-Jul-1953 No Active NA 22-Jul-2017 22-Jul-2022 104 1 1 1 0
8 Ms. SUNAINA SINGH 08397250 Non-Executive - Independent Director Not Applicable 15-May-1956 No Active NA 28-Mar-2019 28-Mar-2024 84 1 1 1 0
9 Mr. VEERAYYA CHOWDARY KOSARAJU 08485334 Non-Executive - Independent Director Not Applicable 10-Oct-1954 No Active Yes 12-Aug-2024 04-Jan-2020 04-Jan-2025 75 5 5 10 5
10 Mr. RAJENDRA KUMAR PREMCHAND 00895990 Non-Executive - Independent Director Not Applicable 15-Mar-1961 No Active NA 25-May-2024 25-May-2024 22 1 1 1 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 08485334 VEERAYYA CHOWDARY KOSARAJU Non-Executive - Independent Director Chairperson 04-Jan-2020
2 07872766 GANAPATY SERU Non-Executive - Independent Director Member 10-Feb-2024
3 07854042 RAMESHBABU VENKATA NIMMAGADDA Non-Executive - Independent Director Member 10-Feb-2024
4 00895990 RAJENDRA KUMAR PREMCHAND Non-Executive - Independent Director Member 25-May-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 07872766 GANAPATY SERU Non-Executive - Independent Director Chairperson 31-Oct-2017
2 07854042 RAMESHBABU VENKATA NIMMAGADDA Non-Executive - Independent Director Member 27-Jun-2017
3 08397250 SUNAINA SINGH Non-Executive - Independent Director Member 10-Aug-2019
4 08485334 VEERAYYA CHOWDARY KOSARAJU Non-Executive - Independent Director Member 04-Jan-2020



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 07854042 RAMESHBABU VENKATA NIMMAGADDA Non-Executive - Independent Director Chairperson 27-Jun-2017
2 08397250 SUNAINA SINGH Non-Executive - Independent Director Member 10-Aug-2019
3 10481393 DEVENDRA RAO SUREDDY Executive Director Member 10-Feb-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 00006503 SATCHANDRA KIRAN DIVI ED Chairperson 31-Jan-2015
2 06388001 NILIMA PRASAD DIVI ED Member 09-Mar-2019
3 10481393 DEVENDRA RAO SUREDDY ED Member 10-Feb-2024
4 07872766 GANAPATY SERU ID Member 10-Feb-2024
5 99999999 LINGAMNENI RAMESH BABU Vice President (Procurement) Member 31-Jan-2015 Textual Information(1)



Text Block
Textual Information(1) Mr. L. Ramesh Babu is the Vice President (Procurement) of the Company.



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 07-Nov-2025 Yes 10 10 5
2 11-Feb-2026 95 Yes 10 10 5



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 07-Nov-2025 Yes 4 4 4 0
2 Audit Committee 11-Feb-2026 95 Yes 4 4 4 0
3 Nomination and remuneration committee 11-Feb-2026 Yes 4 4 4 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 M. Satish Choudhury
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.divislabs.com/api-manufacturer-world/
1.2 Memorandum of Association and Articles of Association Yes https://www.divislabs.com/wp-content/uploads/2025/07/Memorandum-and-ArticlesofAssociation.pdf
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://www.divislabs.com/api-manufacturing-company/leadership/#board-of-directors
2 Terms and conditions of appointment of independent directors Yes https://www.divislabs.com/wp-content/uploads/2025/07/Terms-Conditions-of-Appointment-of-Independent-Directors.pdf
3 Composition of various committees of board of directors Yes https://www.divislabs.com/investor-relations/corporate-governance/composition-of-committees/
4 Code of conduct of board of directors and senior management personnel Yes https://www.divislabs.com/wp-content/uploads/2025/10/Code-of-Ethics-and-Business-Conduct_06.08.2025.pdf
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://www.divislabs.com/wp-content/uploads/2025/07/WhistleBlowerPolicy.pdf
6 Criteria of making payments to non-executive directors Yes https://www.divislabs.com/wp-content/uploads/2025/07/Nomination-Remuneration-policy.pdf
7 Policy on dealing with related party transactions Yes https://www.divislabs.com/wp-content/uploads/2025/07/Policy-on-Related-Party-Transactions.pdf
8 Policy for determining material subsidiaries Yes https://www.divislabs.com/wp-content/uploads/2025/10/Policy-on-Material-Subsidiary_-revised-2019.pdf
9 Details of familiarization programmes imparted to independent directors Yes https://www.divislabs.com/wp-content/uploads/2025/07/Familiarisation-Programs-for-Independent-Directors-2025.pdf
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://www.divislabs.com/investor-relations/shareholders-contact/
11 Email address for grievance redressal and other relevant details Yes https://www.divislabs.com/investor-relations/shareholders-contact/
12 Financial results Yes https://www.divislabs.com/investor-relations/reports-and-filings/quarterly-reporting/
13 Shareholding pattern Yes https://www.divislabs.com/investor-relations/reports-and-filings/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://www.divislabs.com/investor-relations/statutory-communication/#Investor Meetings & Earnings Call
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://www.divislabs.com/investor-relations/statutory-communication/#Investor Meetings & Earnings Call
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://www.divislabs.com/investor-relations/statutory-communication/
18 Credit rating or revision in credit rating obtained Yes https://www.divislabs.com/investor-relations/statutory-communication/# Credit Rating
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://www.divislabs.com/investor-relations/reports-and-filings/subsidiary-financials/
20 Secretarial compliance report Yes https://www.divislabs.com/investor-relations/reports-and-filings/annual-secretarial-compliance-report/
21 Materiality policy as per regulation 30 (4) Yes https://www.divislabs.com/wp-content/uploads/2025/10/Policy-on-Determination-of-Materiality.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.divislabs.com/wp-content/uploads/2025/10/Policy-on-Determination-of-Materiality.pdf
23 Disclosures under regulation 30(8) Yes https://www.divislabs.com/investor-relations/statutory-communication/
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.divislabs.com/wp-content/uploads/2025/07/Dividend-Distribution-Policy.pdf
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://www.divislabs.com/investor-relations/reports-and-filings/annual-return/
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.divislabs.com/api-manufacturer-world/active-pharmaceutical-ingredients/regulation46/
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://www.divislabs.com/
29 Disclosure of notes on website in terms of Listing Regulations explanatory


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



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



Annexure II
1 Name of signatory M. Satish Choudhury
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 M. Satish Choudhury
Designation of person Company Secretary and Compliance Officer
Place Hyderabad
Date 27-Apr-2026


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 4
No. of investor complaints received during the Quarter 15
No. of investor complaints disposed off during the Quarter 19
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 INCOME TAX DEPARTMENT ADIT(INT TAXN)-1,HYD Proceedings under section 201 - Order. For assessment year 2020-21, a TDS liability of Rs. 5,02,772/- and interest of Rs. 3,87,134/- levied under section 201(1) & (1A) of the Income Tax, 1961 for non deduction of tax at source before making payment to remittee. penalty proceedings u/s 271C of the Act are initiated separately for failure to deduct tax at source. 25-Feb-2026 Non deduction of tax at source before making payment to remittee as required under the Income Tax Act, 1961. The Company is contesting the demand raised under the said order of Rs. 8,89,906/- before First level Appellate Authority under the Income Tax Act and waiting for hearing/response. This demand does not result in any material impact on the financials, operations, or other activities of the Company.


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 Office of the Commissioner of Central Tax, Ranga Reddy GST Commissionerate, Hyderabad 31-Oct-2023 The Order pertains to recovery of refund of IGST granted under Rule 96 of CGST Rules, 2017 alleged to have been claimed erroneously in terms of the provisions of the GST Act, 2017 (GST Law). Demand raised: IGST of Rs. 82,04,24,880/- along with applicable interest and penalty of Rs. 82,04,24,880/- being 100% of the tax amount (IGST). The Company has filed a Writ Petition before the Honourable High Court for the State of Telangana contesting the said GST Order. The Honourable High Court for the State of Telangana vide its Order dated January 02, 2024 has admitted the Writ Petition stating that writ petitions involving similar issue of contesting validity of Rule 96(10) of CGST Act, 2017 amongst others have been entertained and interim orders granted; and directed the Company to deposit 10% of the amount demanded within a period of 6 weeks and further directed no coercive action shall be taken against the Company for recovery of the balance amount. The Company has complied with the directions by depositing the 10% of the amount demanded. Subsequently, the Honourable High Court has stayed the further proceedings and ordered for listing for analogous hearing along with another W.P.No.29396 of 2023 which has the similar case. The CBIC vide its Notification No.20/2024 dated 8th October 2024 has omitted (deleted) the Rule 96(10) of CGST Rules, 2017 with effect from October 08, 2024. The rulings and notification issued by CBIC support the issues raised by the Company before the Honourable High Court of Telangana against the order of GST department, and the issues is expected to be decided in favour of the Company. The Writ Petition No. WP 35050/2023 is pending before Honourable Telangana High Court. The Company believes that any liability in this regard is remote.
2 Assistant Commissioner of Income Tax, Central Circle-2(1), Hyderabad 20-Mar-2026 The Company has received the Draft Order for the FY2022-23 (Assessment year 2023-24) wherein certain additions/disallowances amounting to Rs.570.51 crores with respect to returned income has been proposed. The additions proposed are on account of Transfer Pricing adjustments on specified domestic transactions and corporate tax adjustments. As per the Draft Order, penalty proceeding u/s.270A of the Income Tax Act, 1961 will be initiated separately for alleged under reporting of income in respect of the above addition. The Company has filed its objections with Dispute Resolution Panel (DRP), Bengaluru on April 16, 2026, and is awaiting response/hearing.