Integrated Filing-Governance



General information about company

Scrip Code 532737
NSE Symbol EMKAY
MSEI Symbol NOTLISTED
ISIN INE296H01011
Name of the entity EMKAY GLOBAL FINANCIAL SERVICES 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 acquisition of shares or voting rights by listed entities in an unlisted company, in terms of the provisions of Para A(1) of Part A of Schedule III of LODR.
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? Yes
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? Yes
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? Yes
Risk management committee No
Market Capitalisation as per immediate previous Financial Year Top 2000 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID E00059
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 Mr. Raunak Karwa was appointed as Whole Time Director of the company w.e.f. 1st February, 2026
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. KRISHNA KUMAR KARWA 00181055 Executive Director Not Applicable MD 14-Jul-1965 No Active NA 24-Jan-1995 01-Oct-2025 1 0 2 0
2 Mr. PRAKASH KACHOLIA 00002626 Executive Director Not Applicable MD 27-Sep-1965 No Active NA 24-Jan-1995 01-Oct-2025 2 1 3 0
3 Mr. SUSHIL KUMAR SABOO 00373201 Non-Executive - Non Independent Director Chairperson related to Promoter 05-Nov-1942 No Active Yes 26-Dec-2018 15-Oct-1995 11-Aug-2025 1 0 0 0
4 Mr. SATISH SHRIPAD UGRANKAR 00043783 Non-Executive - Independent Director Not Applicable 18-Sep-1945 No Active Yes 28-Aug-2020 12-Aug-2015 10-Aug-2021 116 1 1 2 1
5 Mr. BHARAT KUMAR SINGH 00274435 Non-Executive - Independent Director Not Applicable 23-Jul-1946 No Active Yes 28-Aug-2020 29-Jan-2018 14-Aug-2023 92 1 1 3 0
6 Mrs. HUTOKSHI WADIA 00103357 Non-Executive - Independent Director Not Applicable 14-Jun-1959 No Active NA 25-May-2022 25-May-2022 46 1 1 2 1
7 Mr. RAUNAK KARWA 08632290 Executive Director Not Applicable 31-Aug-1992 No Active NA 28-Oct-2024 1 0 0 0
8 Mr. AJAY MAHAJAN 05108777 Non-Executive - Independent Director Not Applicable 05-Nov-1967 No Active No 01-Dec-2025 4 1 1 0 0



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory



Audit Committee Details
Whether the Audit Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00103357 HUTOKSHI WADIA Non-Executive - Independent Director Chairperson 28-Oct-2024
2 00043783 SATISH SHRIPAD UGRANKAR Non-Executive - Independent Director Member 09-Nov-2016
3 00274435 BHARAT KUMAR SINGH Non-Executive - Independent Director Member 30-Jan-2019
4 00002626 PRAKASH KACHOLIA Executive Director Member 19-Jun-2009



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 00103357 HUTOKSHI WADIA Non-Executive - Independent Director Chairperson 28-Oct-2024
2 00373201 SUSHIL KUMAR SABOO Non-Executive - Non Independent Director Member 28-Jan-2006
3 00043783 SATISH SHRIPAD UGRANKAR Non-Executive - Independent Director Member 24-May-2017
4 00274435 BHARAT KUMAR SINGH Non-Executive - Independent Director Member 08-Aug-2024



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 00043783 SATISH SHRIPAD UGRANKAR Non-Executive - Independent Director Chairperson 28-Oct-2024
2 00274435 BHARAT KUMAR SINGH Non-Executive - Independent Director Member 08-Aug-2024
3 00181055 KRISHNA KUMAR KARWA Executive Director Member 28-Jan-2006
4 00002626 PRAKASH KACHOLIA Executive Director Member 28-Jan-2006



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 31-Oct-2025 Yes 7 7 3
2 27-Jan-2026 87 Yes 8 7 3



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1 Audit Committee 31-Oct-2025 Yes 4 4 3 3
2 Audit Committee 27-Jan-2026 87 Yes 4 3 2 3
3 Stakeholders Relationship Committee 31-Oct-2025 Yes 4 4 2 0
4 Stakeholders Relationship Committee 27-Jan-2026 87 Yes 4 3 1 0
5 Nomination and remuneration committee 27-Jan-2026 Yes 4 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) NA
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 BHALCHANDRA M RAUL
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.emkayglobal.com/what-we-do
1.2 Memorandum of Association and Articles of Association Yes https://www.emkayglobal.com/ir-memorandum.aspx
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://www.emkayglobal.com/emkay-leadership.aspx
2 Terms and conditions of appointment of independent directors Yes https://www.emkayglobal.com/policy-and-disclosures.aspx
3 Composition of various committees of board of directors Yes https://www.emkayglobal.com/committees.aspx
4 Code of conduct of board of directors and senior management personnel Yes https://www.emkayglobal.com/policy-and-disclosures.aspx
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://www.emkayglobal.com/policy-and-disclosures.aspx
6 Criteria of making payments to non-executive directors Yes https://www.emkayglobal.com/policy-and-disclosures.aspx
7 Policy on dealing with related party transactions Yes https://www.emkayglobal.com/policy-and-disclosures.aspx
8 Policy for determining material subsidiaries Yes https://www.emkayglobal.com/policy-and-disclosures.aspx
9 Details of familiarization programmes imparted to independent directors Yes https://www.emkayglobal.com/policy-and-disclosures.aspx
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://www.emkayglobal.com/investor-contacts.aspx
11 Email address for grievance redressal and other relevant details Yes https://www.emkayglobal.com/investor-contacts.aspx
12 Financial results Yes https://www.emkayglobal.com/ir-financial-quarterly.aspx
13 Shareholding pattern Yes https://www.emkayglobal.com/ir-shareholding-pattern.aspx
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.emkayglobal.com/analyst-institutional-investor.aspx
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls NA
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://www.emkayglobal.com/ir-board-meeting.aspx
18 Credit rating or revision in credit rating obtained Yes https://www.emkayglobal.com/credit-rating.aspx
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://www.emkayglobal.com/ir-annual-reports.aspx
20 Secretarial compliance report Yes https://www.emkayglobal.com/ir-annual-secretarial-compliance-report.aspx
21 Materiality policy as per regulation 30 (4) Yes https://www.emkayglobal.com/policy-and-disclosures.aspx
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.emkayglobal.com/investor-contacts.aspx
23 Disclosures under regulation 30(8) Yes https://www.emkayglobal.com/ir-regulation-30-and-others.aspx
24 Statements of deviation(s) or variations(s) as specified in regulation 32 Yes https://www.emkayglobal.com/ir-board-meeting.aspx
25 Dividend distribution policy as specified in regulation 43A (1) NA
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://www.emkayglobal.com/ir-annual-general-meeting.aspx
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.emkayglobal.com/disclosure-under-regulation-46-and-62
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://www.emkayglobal.com/disclosure-under-regulation-46-and-62
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) NA
26 Meeting of Risk Management Committee 21(3A) NA
27 Quorum of Risk Management Committee meeting 21(3B) NA
28 Gap between the meetings of the Risk Management Committee 21(3C) NA
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) 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 BHALCHANDRA M RAUL
2 Designation Company Secretary and Compliance Officer



Additional Half yearly Disclosure
Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc.
I. Disclosure of Loans/ guarantees/comfort letters /securities etc.refer note below
(A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to
Entity Aggregate amount advanced during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them 0 0
Promoter Group or any other entity controlled by them 0 0
Directors (including relatives) or any other entity controlled by them 0 0
KMPs or any other entity controlled by them 0 0
(B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By
Entity Type (guarantee, comfort letter etc.) Aggregate amount of issuance during six months Balance outstanding at the end of six months(taking into account any invocation)
Promoter or any other entity controlled by them 0 0 0
Promoter Group or any other entity controlled by them 0 0 0
Directors (including relatives) or any other entity controlled by them 0 0 0
KMPs or any other entity controlled by them 0 0 0
(C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by
Entity Type of security (cash, shares etc.) Aggregate value of security provided during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them 0 0 0
Promoter Group or any other entity controlled by them 0 0 0
Directors (including relatives) or any other entity controlled by them 0 0 0
KMPs or any other entity controlled by them 0 0 0
(D) Additional Information
II. Affirmations
Affirmations Compliance Status Company Remarks
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company. Yes
Name SAKET AGRAWAL
Designation Chief Financial Officer
Place MUMBAI
Date 29-Apr-2026



Signatory Details
Name of signatory BHALCHANDRA M RAUL
Designation of person Company Secretary and Compliance Officer
Place MUMBAI
Date 29-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 Penalties as mentioned in Point 1 and 2 are pertaining to daily penalties levied on company due to shortfall in margin which is mentioned in the table after cumulating the figures of complete quarter.
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 NSE Clearing Limited Penalty levied due to Margin shortfall 31-Mar-2026 Penalty levied due to Margin shortfall Rs. 516581.02
2 MCX Clearing Corporation Limited Penalty levied due to Margin shortfall 31-Mar-2026 Penalty levied due to Margin shortfall Rs. 206417.04
3 National Stock Exchange of India Limited Proposed Penalty which is not yet levied 25-Feb-2026 NSE has conducted an inspection of our Authorised Person, Mr. Ritesh Kothari (REM1408/ FA267) for the period September 2024 to December 2024 and levied penalty for non-compliance observed during inspection. Rs. 61500
4 National Stock Exchange of India Limited Proposed Penalty which is not yet levied 28-Feb-2026 Proposed penalty of Rs. 25000/- for passing journal voucher entries (JV) from MTF ledgers to Non MTF ledgers and not maintained segregation of MTF and non MTF funds. Proposed penalty of Rs. 15000/- for Material discrepancies in the retention statement sent to clients. Rs. 40000


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 Dy. Comm. of State Tax (Mumbai-LTU-502) , Large Tax Payer Unit - I , Mumbai. 29-Jul-2022 Order u/s 73 r.w.s 50 and 122 of MGST Act, 2017 disallowing Input Tax Credit of Rs 4,00,992/- along with leyving Interest of Rs 7,35,287/ and Penalty of Rs 45,264/-, making total of Rs 11,81,544/- for the financial year 2017-18. The Company has already paid a sum of Rs 40,100/- against the said demand. The Company has filed an Appeal before the Appelate Authority on 21.10.2022 and the hearing is still pending. Meanwhile the Company has in January 2025 opted for the GST Amnesty Scheme 2024 u/s 128A of CGST Act, 2017. We have filed SPL-02 on 18.02.2025 being application for waiver of penalty and interest u/s 128A of CGST Act , 2017. Further , we have paid balance tax of Rs 3,60,892/- on 26.03.2025 via Form GST DRC -03 under GST Amnesty Scheme 2024 and now await for the approval of the same. There are no further developments in the matter. Order yet to be received , however the demand is removed from the GST Portal by the department.
2 Asst. Comm. Jurisdiction Ghatak 9 , Ahmedabad Range 3 , Div 1 Gujarat 27-Dec-2024 Order u/s 74 and Rule 142 of GGST Act, 2017 disallowing Input Tax Credit of Rs 14,45,566/- along with levying Interest of Rs 13,64,456/- and Penalty of Rs 14,45,566/- making total of Rs 42,55,588/- for the financial year 2019-20. The Company shall be filing Appeal before the Divisional Dy. Comm. of State Tax ( Appeals ) with in three months from the date of the said order. We have filed the Appeal on 26.03.2025 vide Form APL-01 and made payment of Rs 1,44,558/- being 10% of the disputed tax amount. The hearing and order is pending. There are no further developments in the matter. Still no further progress in the matter
3 Deputy Commissioner, State Tax, Sector-10, Kanpur 18-Feb-2025 Order u/s SECTION-73(9), See rule 142(5) dated 18.02.2025 disallowing Input Tax Credit of Rs 5,65,209/- along with levying Interest of Rs 4,40,954/ and Penalty of Rs 1,25,978/- , making total of Rs 11,32,141/-for the financial year 2020-21. The Company shall be filing Appeal before the appropriate authority within three months from the date of the said order. The company paid a sum of Rs 56,521/- against the said order. The company received order dated 06.06.2025 and the Appeal has been rejected by the appropriate authority. The company shall be filing Appeal before CESAT before the due date and a further sum of Rs 56,521/- has been paid making 10% of the tax disputed amount.There are no further developments in the matter. No further progress in the matter since awaiting formation/constituion of GST Appellate Tribunal post which Appeal will be filed.
4 Principal Commissioner CGST and CEX Mumbai Central 15-Jan-2019 Orders No's being 147 and 148 both dated 15.01.2019 issued by COMMR(DR.KNR)/CGST AND CEX/MC.2018-19 evading payment of Service tax u/s 67 and Section 68 of The Finance Act , 1994 read with Rule 6 of the Service Tax Rules , 1994. Service Tax Amount is Rs 5,12,47,152/- and levying Interest at appropraite rates u/s 75 of the Finance Act, 1994 and Penalty of Rs 3,73,76,949/- u/s 76 and 78 of the Finance Act, 1994 making total of Rs 8,86,24,101/-. Against the said demand , the company has paid Rs 38,43,538/- before filing the Appeal..Subsequently , the Company has filed an Appeal before CESTAT , Mumbai on 12.04.2019 and the hearing is still pending. There are no further developments in the matter. No further progress in the matter
5 Assistant Director Of Income Tax CPC Bangalore 12-Dec-2024 Disallowance of Rs 68,25,801/- u/s 143(1) being fines and penalities paid to Stock Exchanges u/s 37. Filed Appeal on 24.12.2024 and the ADDL/JCIT(A)-2 Ludhiana passed the order dated 22.01.2025 allowing our appeal Assessment Year is 2024-25. Matter over . Order u/s 250 dated 22.01.2025 issued. Appeal allowed in our favor. Order giving effect dated 23.08.2025 received. Relief allowed of Rs 68,25,801/-. Further company received notice u/s 143(2) dated 24.06.2025 and subsequently also received notice u/s 142(1) dated 30.07.2025 for assessment proceedings. The company has submitted the required details as per this notice and is awaiting for any further requiements from the Assessment authorities and hence as of now no dispute in the matter till we recieve the assessment order. No further progress in the matter
6 PRINCIPAL COMMISSIONER OF INCOME TAX,PCIT, Mumbai-4 20-Mar-2026 Not Applicable Order u/s 263 of THE INCOME TAX ACT, 1961 dated 20.03.2026 issued whereby the Assesssment Order dated 21.03.2024 issued by the Assessment Unit of the Income Tax department is partly set aside. The Company is in the process of filing appeal befor ITAT against the said order dated 20.03.2026.