Integrated Filing-Governance



General information about company

Scrip Code 544595
NSE Symbol ORKLAINDIA
MSEI Symbol NOTLISTED
ISIN INE16NZ01023
Name of the entity Orkla India 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 The Company has not acquired any shares or voting rights in any Company 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? No
Reason For Part E Of Annexure I Disclosure Of Updates To Ongoing Tax Litigations Or Disputes Is Not Applicable To The Entity No such events were reported during the quarter ended March 31, 2026.
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 Any other
Is SCORE ID Available ? Yes
SCORE Registration ID como00253
Reason For No SCORE ID
Type of Submission New
Remarks (website dissemination)



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO No Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN
1 Mr. Atle Vidar Nagel Johansen 01361367 Non-Executive - Non Independent Director Chairperson 01-Mar-1963 No Active NA 17-Mar-2015 1 0 1 0 Textual Information(1)
2 Mr. Sanjay Sharma 02581107 Executive Director Not Applicable CEO-MD 28-Dec-1966 No Active NA 01-Feb-2009 01-Apr-2025 1 0 1 0
3 Ms. Maria Syse-Nybraaten 10133899 Non-Executive - Non Independent Director Not Applicable 02-Oct-1986 No Active NA 11-May-2023 1 0 0 0 Textual Information(2)
4 Mr. Per Haavard Skiaker Maelen 10138903 Non-Executive - Non Independent Director Not Applicable 12-Jun-1978 No Active NA 11-May-2023 1 0 2 1 Textual Information(3)
5 Ms. Rashmi Satish Joshi 06641898 Non-Executive - Independent Director Not Applicable 30-Jul-1966 No Active NA 10-Mar-2025 12.21 5 5 6 2
6 Mr. Amit Jain 01770475 Non-Executive - Independent Director Not Applicable 18-Sep-1964 No Active NA 10-Mar-2025 12.21 3 3 1 0
7 Mr. Shantanu Khosla 00059877 Non-Executive - Independent Director Not Applicable 25-Jan-1960 No Active NA 10-Mar-2025 12.21 3 3 2 0
8 Ms. Meena Ganesh 00528252 Non-Executive - Independent Director Not Applicable 31-Aug-1963 No Active NA 10-Mar-2025 12.21 5 5 7 2



Text Block
Textual Information(1) Mr. Atle Vidar Nagel Johansen is a Foreign National and hence does not have a PAN.
Textual Information(2) Ms. Maria Syse-Nybraaten is a Foreign National and hence does not have a PAN.
Textual Information(3) Mr. Per Haavard Skiaker Maelen is a Foreign National and hence does not have a PAN.



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory .The Corporate Social Responsibility (CSR) Committee was renamed as the CSR and ESG Committee with effect from March 10, 2026.



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 06641898 Rashmi Satish Joshi Non-Executive - Independent Director Chairperson 09-Apr-2025
2 00059877 Shantanu Khosla Non-Executive - Independent Director Member 09-Apr-2025
3 10138903 Per Haavard Skiaker Maelen Non-Executive - Non Independent Director Member 09-Apr-2025



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 01770475 Amit Jain Non-Executive - Independent Director Chairperson 09-Apr-2025
2 00528252 Meena Ganesh Non-Executive - Independent Director Member 09-Apr-2025
3 01361367 Atle Vidar Nagel Johansen Non-Executive - Non Independent Director Member 09-Apr-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 10138903 Per Haavard Skiaker Maelen Non-Executive - Non Independent Director Chairperson 09-Apr-2025
2 00528252 Meena Ganesh Non-Executive - Independent Director Member 09-Apr-2025
3 01361367 Atle Vidar Nagel Johansen Non-Executive - Non Independent Director Member 09-Apr-2025
4 02581107 Sanjay Sharma Executive Director Member 09-Apr-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 00059877 Shantanu Khosla ID Chairperson 09-Apr-2025
2 06641898 Rashmi Satish Joshi ID Member 09-Apr-2025
3 02581107 Sanjay Sharma ED Member 09-Apr-2025
4 10133899 Maria Syse-Nybraaten NED Member 09-Apr-2025



Annexure 1
III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory Two separate Board Meetings were held on October 23, 2025 and all the Directors attended both the Board Meetings held on the same day i.e., October 23, 2025. Due to XBRL validation error, the same is provided as a note.
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 23-Oct-2025 Yes 8 8 4
2 28-Oct-2025 4 Yes 8 8 4
3 31-Oct-2025 2 Yes 8 8 4
4 03-Nov-2025 2 Yes 8 8 4
5 13-Nov-2025 9 Yes 8 8 4
6 25-Nov-2025 11 Yes 8 8 4
7 11-Feb-2026 77 Yes 8 8 4
8 10-Mar-2026 26 Yes 8 8 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 23-Oct-2025 Yes 3 3 2 0
2 Audit Committee 03-Nov-2025 10 Yes 3 3 2 0
3 Audit Committee 12-Nov-2025 8 Yes 3 3 2 0
4 Audit Committee 11-Feb-2026 90 Yes 3 3 2 0
5 Audit Committee 03-Mar-2026 19 Yes 3 3 2 0
6 Nomination and remuneration committee 22-Sep-2025 Yes 3 3 2 0
7 Nomination and remuneration committee 03-Mar-2026 161 Yes 3 3 2 0
8 Stakeholders Relationship Committee 03-Mar-2026 Yes 4 4 1 0
9 Risk Management Committee 01-Sep-2025 Yes 4 4 2 0
10 Risk Management Committee 03-Mar-2026 182 Yes 4 4 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 Kaushik Seshadri
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.orklaindia.com/about-us/
1.2 Memorandum of Association and Articles of Association Yes https://www.orklaindia.com/governance/
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://www.orklaindia.com/about-us/board-of-directors/
2 Terms and conditions of appointment of independent directors Yes https://www.orklaindia.com/about-us/board-of-directors/
3 Composition of various committees of board of directors Yes https://www.orklaindia.com/governance/board-committees/
4 Code of conduct of board of directors and senior management personnel Yes https://www.orklaindia.com/wp-content/uploads/sites/3/2025/06/Code-of-Conduct-for-Board-Senior-Managment.pdf
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://www.orklaindia.com/wp-content/uploads/sites/3/2025/06/Whistleblower-Policy.pdf
6 Criteria of making payments to non-executive directors Yes https://www.orklaindia.com/wp-content/uploads/sites/3/2025/06/Nomination-and-Remuneration-Policy.pdf
7 Policy on dealing with related party transactions Yes https://www.orklaindia.com/wp-content/uploads/sites/3/2026/03/Policy-on-Related-Party-Transactions_10.03.2026.pdf
8 Policy for determining material subsidiaries Yes https://www.orklaindia.com/wp-content/uploads/sites/3/2025/09/Policy-on-Material-Subsidiary.pdf
9 Details of familiarization programmes imparted to independent directors Yes https://www.orklaindia.com/wp-content/uploads/sites/3/2025/11/Policy-on-Familiarization-of-Independent-Directors_v2.pdf
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://www.orklaindia.com/investor-contact/
11 Email address for grievance redressal and other relevant details Yes https://www.orklaindia.com/investor-contact/
12 Financial results Yes https://www.orklaindia.com/governance/financials/
13 Shareholding pattern Yes https://www.orklaindia.com/governance/stock-exchange-intimations/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.orklaindia.com/governance/stock-exchange-intimations/earnings-call-updates/
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://www.orklaindia.com/governance/stock-exchange-intimations/earnings-call-updates/
16 New name and the old name of the listed entity Yes https://www.orklaindia.com/contact/
17 Advertisements as per regulation 47 (1) Yes https://www.orklaindia.com/governance/stock-exchange-intimations/newspaper-publication/
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.orklaindia.com/governance/financials/
20 Secretarial compliance report NA
21 Materiality policy as per regulation 30 (4) Yes https://www.orklaindia.com/wp-content/uploads/sites/3/2025/09/Policy-on-Materiality-of-Events-or-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://www.orklaindia.com/wp-content/uploads/sites/3/2025/09/Policy-on-Materiality-of-Events-or-Information.pdf
23 Disclosures under regulation 30(8) Yes https://www.orklaindia.com/governance/stock exchange-intimations/disclosure-under-regulation 30/
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.orklaindia.com/wp-content/uploads/sites/3/2025/06/Dividend-Distribution-Policy.pdf
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://www.orklaindia.com/governance/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://www.orklaindia.com/wp-content/uploads/sites/3/2026/02/Disclosure-under-Regulation-46.pdf
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://www.orklaindia.com/investor-relations/
29 Disclosure of notes on website in terms of Listing Regulations explanatory


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



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 Kaushik Seshadri
2 Designation Company Secretary and Compliance Officer



Additional Half yearly Disclosure
Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc. 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.
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 Suniana Calapa
Designation Chief Financial Officer
Place Bengaluru
Date 27-Apr-2026



Text Block
Textual Information(3) No such transactions are required to be reported here. However, for the purpose of validation of this sheet, the Yes option has been selected.



Signatory Details
Name of signatory Kaushik Seshadri
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 2
No. of investor complaints received during the Quarter 0
No. of investor complaints disposed off during the Quarter 2
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 Deputy Commissioner of State Tax, Taxpayer Services Division, State Goods and Services Tax Department, Idukki, Adimali, Kerala Order under Section 74 of CGST Act, 2017, imposing a total demand of Rs. 2,45,99,783/- (GST: Rs. 84,80,472, Interest: Rs. 76,38,839 and Penalty: Rs. 84,80,472) 06-Jan-2026 Misclassification of Goods relating to ‘ready to cook products’ for the period from FY 2018-19 till FY 2023-24 The Company will be contesting the demand and the Management, including its legal advisors, believes that its position will likely be upheld in the forums where these will be contested without any material financial impact on the Company.
2 Office of the Additional Commissioner (Appeals Thane), CGST & Central Excise, Mumbai Order received by the Company under Section 107 of the Central Goods and Services Tax Act, 2017, confirming the demand raised by the Assistant Commissioner, Division – IV, CGST & Central Excise, Bhiwandi Commissionerate on July 09, 2025, and as a result, the appeal filed by the Company stands dismissed. 21-Jan-2026 Order No. ZD2701260958507, ZD270126095808W, and ZD2701260959026 for FY 2020-21, 2021-22, and 2022-23 respectively in Form GST APL-04 for drop of appeal proceedings under Section 107 of the Central Goods and Services Tax Act, 2017. The Company has received the aforementioned orders confirming the demand of Rs. 62,69,174/- (including penalty of Rs. 31,34,587/-) towards GST liability based on non- reversal of input tax credit on damaged stock returns. GST demand of Rs. 31,34,587/- along with applicable interest under Section 50(3) of the CGST Act, 2017, and Penalty of Rs. 31,34,587/-. The Company would evaluate legal options against the said Order.


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