Integrated Filing-Governance



General information about company

Scrip Code 532348
NSE Symbol SUBEXLTD
MSEI Symbol NOTLISTED
ISIN INE754A01055
Name of the entity SUBEX 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 No acquisition of shares or voting rights in unlisted companies took place for 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 The Company has not taken any loans guarantees or comfort letter
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 2000 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID S0057
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 We have not appointed any person as a Chairman
Whether the listed entity has a Regular Chairperson No
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 Ms. NISHA DUTT 06465957 Executive Director Not Applicable CEO-MD 16-Feb-1976 No Active NA 10-May-2024 1 0 2 0
2 Mr. RUPINDER GOEL 02693178 Non-Executive - Independent Director Not Applicable 20-Apr-1960 No Active NA 08-Aug-2023 08-Aug-2023 32 1 1 2 0
3 Mr. MURALI KALYANARAMAN 07011607 Non-Executive - Independent Director Not Applicable 22-Jun-1966 No Active NA 10-May-2024 10-May-2024 23 1 1 2 2
4 Mr. VENKATA ERINTI NARAYANA 03345145 Non-Executive - Independent Director Not Applicable 10-Jan-1960 No Active NA 25-Dec-2025 25-Dec-2025 3 1 1 1 0
5 Mr. ALOK OHRIE 01052136 Non-Executive - Independent Director Not Applicable 22-Feb-1966 No Active NA 04-Jan-2026 04-Jan-2026 3 1 1 1 0
6 Mr. STEPHANE RAYMOND MARIE LE LETTY 11628981 Non-Executive - Non Independent Director Not Applicable 24-Jul-1968 No Active NA 25-Mar-2026 25-Mar-2026 1 1 0 0 0 Textual Information(1)



Text Block
Textual Information(1) He is a foreign Director



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 07011607 MURALI KALYANARAMAN Non-Executive - Independent Director Chairperson 12-May-2024
2 02693178 RUPINDER GOEL Non-Executive - Independent Director Member 30-Sep-2025
3 06465957 NISHA DUTT Executive Director Member 30-Sep-2025
4 03345145 VENKATA ERINTI NARAYANA Non-Executive - Independent Director Member 04-Jan-2026
5 01052136 ALOK OHRIE Non-Executive - Independent Director Member 04-Jan-2026



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 07011607 MURALI KALYANARAMAN Non-Executive - Independent Director Chairperson 12-May-2024 Textual Information(1)
2 02693178 RUPINDER GOEL Non-Executive - Independent Director Member 30-Sep-2025
3 03345145 VENKATA ERINTI NARAYANA Non-Executive - Independent Director Member 25-Dec-2025

Text Block
Textual Information(1) Appointed as Chairperson with effect from September 30, 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 07011607 MURALI KALYANARAMAN Non-Executive - Independent Director Chairperson 30-Sep-2025
2 02693178 RUPINDER GOEL Non-Executive - Independent Director Member 30-Sep-2025
3 06465957 NISHA DUTT Executive Director Member 30-Sep-2025



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 07011607 MURALI KALYANARAMAN ID Chairperson 12-May-2024 Textual Information(1)
2 02693178 RUPINDER GOEL ID Member 30-Sep-2025
3 06465957 NISHA DUTT ED Member 12-May-2024



Text Block
Textual Information(1) Appointed as Chairperson with effect from September 30 2025



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 11-Nov-2025 Yes 3 3 2
2 25-Dec-2025 43 Yes 3 3 2
3 04-Jan-2026 9 Yes 4 4 3
4 10-Feb-2026 36 Yes 5 5 4



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 11-Nov-2025 Yes 3 3 2 0
2 Audit Committee 10-Feb-2026 90 Yes 5 5 4 0
3 Nomination and remuneration committee 11-Nov-2025 Yes 3 3 2 0
4 Nomination and remuneration committee 25-Dec-2025 43 Yes 3 3 2 0
5 Nomination and remuneration committee 04-Jan-2026 9 Yes 3 3 3 0
6 Nomination and remuneration committee 10-Feb-2026 36 Yes 3 3 2 0
7 Stakeholders Relationship Committee 10-Feb-2026 Yes 3 3 2 0
8 Risk Management Committee 10-Feb-2026 Yes 3 3 2 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 Ramu Akkili
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.subex.com/
1.2 Memorandum of Association and Articles of Association Yes https://www.subex.com/investors/shareholder-services/
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://www.subex.com/management/
2 Terms and conditions of appointment of independent directors Yes https://www.subex.com/investors/shareholder-services/
3 Composition of various committees of board of directors Yes https://www.subex.com/investors/shareholder-services/
4 Code of conduct of board of directors and senior management personnel Yes https://www.subex.com/investors/shareholder-services/
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://www.subex.com/investors/shareholder-services/
6 Criteria of making payments to non-executive directors Yes https://www.subex.com/investors/shareholder-services/
7 Policy on dealing with related party transactions Yes https://www.subex.com/investors/shareholder-services/
8 Policy for determining material subsidiaries Yes https://www.subex.com/investors/shareholder-services/
9 Details of familiarization programmes imparted to independent directors Yes https://www.subex.com/investors/shareholder-services/
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://www.subex.com/investors/investor-contact/
11 Email address for grievance redressal and other relevant details Yes https://www.subex.com/investors/investor-contact/
12 Financial results Yes https://www.subex.com/investors/shareholder-services/
13 Shareholding pattern Yes https://www.subex.com/investors/shareholder-services/
14 Details of agreements entered into with the media companies and/or their associates Yes https://www.subex.com/investors/announcement-filing/#disclosures
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet Yes https://www.subex.com/investors/announcement-filing/#investor-analyst-call
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://www.subex.com/investors/announcement-filing/#investor-analyst-call
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://www.subex.com/investors/announcement-filing/#statutory-advertisement
18 Credit rating or revision in credit rating obtained NA
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://www.subex.com/investors/shareholder-services/
20 Secretarial compliance report Yes https://www.subex.com/investors/announcement-filing/#disclosures
21 Materiality policy as per regulation 30 (4) Yes https://www.subex.com/investors/shareholder-services/
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.subex.com/investors/investor-contact/
23 Disclosures under regulation 30(8) Yes https://www.subex.com/investors/announcement-filing/#disclosures
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.subex.com/investors/shareholder-services/
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://www.subex.com/investors/announcement-filing/#disclosures
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 Yes
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes Yes
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) Yes
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) Yes
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) Yes
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 Ramu Akkili
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 Ramu Akkili
Designation of person Company Secretary and Compliance Officer
Place Bengaluru
Date 27-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
1 National Stock Exchange of India Imposed fine 17-Feb-2026 Non compliance with Regulation 17(1) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 No
2 Bombay Stock Exchange Imposed fine 17-Feb-2026 Non compliance with Regulation 17(1) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 No


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 Central Excise and Service Tax Appellate Tribunal, Bangalore 31-Mar-2008 Demand of service tax on services received from outside India during the period Apr'07 to Jun'07 The Company filed appeal with CESTAT, Bangalore. On 29 October, 2024 order was pronounced and the appeal was allowed. However, the copy of the order is not yet available. Awaiting for the order. The copy of the order has been received by the Company. The company is in the process of filing an application to the Authorities to give effect to the CESTAT's order.The Company has filed an application with the officer for issuance of order giving effect on November 17, 2025 for quashing the demand and issuing the refund. The application is yet to be disposed off by the officer No movement in the current quarter
2 Central Excise and Service Tax Appellate Tribunal, Bangalore 31-Mar-2010 Demand of service tax on services received from outside India during the period Apr'07 to Jun'07 The Company filed appeal with CESTAT, Bangalore On 29 October 2024 order was pronounced and the appeal was allowed. The copy of the order has been received by the Company. The company is in the process of filing an application to the Authorities to give effect to the CESTAT's order.The Company has filed an application with the officer for issuance of order giving effect on November 17, 2025 for quashing the demand and issuing the refund. The application is yet to be disposed off by the officer. No movement in the current quarter
3 Assessing Officer, Incom+E14E15 31-Mar-2018 For AY 2013-14, Transer Pricing and corporate tax adjustment has been made and tax demand was received for Rs.369 lakhs. Refund has been determined upon issuance of ITAT order, final assessment order passed by AO incorporating the TP adjustment with net refundable of approx 7.1 crores Writ petition has been filed by the company with High court for issuance of refund. The High Court directed the concerned Officer to dispose of the rectification application and adjourned the petition to 23rd July 2025 The appeal has been filed by income tax dept against ITAT order in connection with interest receivables, corporate guarantee and comparables and the Company is confident that its position will be upheld and it will not have adverse affect on company's final position The writ petition is disposed in the favour of the Company and the Company has received the refund. The appeal filed by income tax dept againt ITAT order in connection with interest receivables, corporate guarantee and comparables is yet to be heard. The Company is confident that its position will be upheld and it will not have adverse affect on company's final position. No movement in the current quarter
4 Assessing Officer, Income Tax 31-Mar-2020 For AY 2017-18, Transer Pricing and corporate tax adjustment has been made and tax demand was received for Rs.18.31 crs. Refund has been determined upon issuance of ITAT order, final assessment order passed by AO incorporating the TP adjustment with net refundable of approx 0.78 crs Order giving effect has been issued and the refund determined has been adjusted against the demand for AY 2015-16. Department has preferred an appeal before the Karnataka High Court on the TP Comparables, against the ITAT Order on exclusion of comparables. Department appeal before the Karnataka High Court on the TP Comparables, against the ITAT Order on exclusion of comparables is pending for disposal. The Company is confident that its position will be upheld and it will not have adverse affect on company's final position. No movement in the current quarter
5 Assessing Officer, Income Tax 26-Oct-2018 For AY 2014-15, received orders on March 29, 2025, under Section 254 of the Income-tax Act, 1961. Transer Pricing and corporate tax adjustment has been reduced to Rs. 10.55 crs. Refund has been determined in the final assessment order passed by AO, of approx 23.35 crs. Conservatively, the Company has filed an appeal before the Commissioner of Income-tax (Appeals), against the TP adjustments made since the TPO, has not followed the directions of the ITAT and the Company is confident that its position will be upheld and it will not adverse affect on company's final position The refund as determined in the order has been received. With regard to TP adjustment, the Company's appeal before the Commissioner of Income-tax (Appeals) is pending to be heard and the Company is confident that its position will be upheld and it will not adverse affect on company's final position No movement in the current quarter
6 Assessing Officer, Income Tax 23-Oct-2019 For AY 2015-16, received orders on March 26, 2025, under Section 254 of the Income-tax Act, 1961. Transer Pricing adjustment has been reduced to Rs. 7.35 crs. Refund has been determined in the final assessment order passed by AO, of approx 10.92 crs. Conservatively, the Company has filed an appeal before the Commissioner of Income-tax (Appeals), against the TP adjustments made since the TPO, has not followed the directions of the ITAT and the Company is confident that its position will be upheld and it will not adverse affect on company's final position The refund as determined in the order has been received. With regard to TP adjustment, the Company's appeal before the Commissioner of Income-tax (Appeals) is pending to be heard and the Company is confident that its position will be upheld and it will not adverse affect on company's final position No movement in the current quarter