Integrated Filing-Governance



General information about company

Scrip Code 517214
NSE Symbol DIGISPICE
MSEI Symbol NOTLISTED
ISIN INE927C01020
Name of the entity DIGISPICE TECHNOLOGIES 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 unlisted Company during the quarter ended 31-03-2026
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? No
Reason For Part D Of Annexure I Disclosure Of Imposition Of Fine Or Penalty Is Not Applicable To The Entity No fine or penalty was imposed during the quarter ended 31-03-2026
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? Yes
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? Yes
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 2000 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID s00479
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. Dilip Kumar Modi 00029062 Non-Executive - Non Independent Director Chairperson related to Promoter 12-Mar-1974 No Active NA 21-Aug-2006 28-Sep-2023 1 0 0 0
2 Mr. Ramesh Venkataraman 03545080 Non-Executive - Non Independent Director Not Applicable 21-Jul-1966 No Active NA 12-May-2025 12-May-2025 2 0 2 0
3 Mr. Mrutyunjay Mahapatra 03168761 Non-Executive - Independent Director Not Applicable 03-May-1960 No Active NA 22-Dec-2022 22-Dec-2022 39.1 2 2 4 3
4 Mr. Ram Nirankar Rastogi 07063686 Non-Executive - Independent Director Not Applicable 25-Apr-1955 No Active NA 31-Jan-2024 31-Jan-2024 26.01 2 2 2 1
5 Mr. Pankaj Vaish 00367424 Non-Executive - Independent Director Not Applicable 09-Feb-1962 No Active NA 01-Oct-2024 01-Oct-2024 18 3 3 7 1
6 Mrs. Veena Vikas Mankar 00004168 Non-Executive - Independent Director Not Applicable 24-Jan-1953 No Active NA 14-Feb-2025 14-Feb-2025 13.15 3 2 5 2
7 Mr. Rohit Ahuja 00065417 Executive Director Not Applicable 16-Sep-1975 No Active NA 05-May-2020 05-May-2023 1 0 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 03168761 Mrutyunjay Mahapatra Non-Executive - Independent Director Chairperson 16-Jan-2023
2 00367424 Pankaj Vaish Non-Executive - Independent Director Member 15-Nov-2024
3 00004168 Veena Vikas Mankar Non-Executive - Independent Director Member 19-May-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 00367424 Pankaj Vaish Non-Executive - Independent Director Chairperson 15-Nov-2024
2 07063686 Ram Nirankar Rastogi Non-Executive - Independent Director Member 15-Nov-2024
3 00029062 Dilip Kumar Modi Non-Executive - Non Independent Director Member 12-Aug-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 07063686 Ram Nirankar Rastogi Non-Executive - Independent Director Chairperson 12-Aug-2025
2 00367424 Pankaj Vaish Non-Executive - Independent Director Member 15-Feb-2025
3 00065417 Rohit Ahuja Executive Director Member 21-Oct-2022



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 03168761 Mrutyunjay Mahapatra ID Chairperson 15-Feb-2025
2 00367424 Pankaj Vaish ID Member 15-Nov-2024
3 07063686 Ram Nirankar Rastogi ID Member 19-May-2025
4 00004168 Veena Vikas Mankar ID Member 19-May-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 7 7 4
2 04-Feb-2026 84 Yes 7 6 4
3 12-Feb-2026 7 Yes 7 6 4



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory Maximum gap between any two consecutive (in number of days) as appearing for Stakeholders Relationship Committee held on 04-02-2026 is automatically filled due to funcanality of Excel utility. No meeting of the Stakeholders Relationship Committee was held during the previous quarter.
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 3 0
2 Audit Committee 12-Feb-2026 92 Yes 3 3 3 0
3 Nomination and remuneration committee 29-Nov-2025 Yes 3 3 2 0
4 Nomination and remuneration committee 30-Jan-2026 61 Yes 3 3 2 0
5 Risk Management Committee 13-Oct-2025 Yes 4 4 4 0
6 Risk Management Committee 11-Nov-2025 28 Yes 4 4 4 0
7 Stakeholders Relationship Committee 04-Feb-2026 84 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: This report for quarter ended 31-03-2026 shall be placed before the Board of Directors in their upcoming meeting.



Annexure 1
Sr Subject Compliance status
1 Name of signatory Pankaj Arora
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://investorrelations.digispice.com/articles/248919493_intimation.pdf
1.2 Memorandum of Association and Articles of Association Yes https://investorrelations.digispice.com/articles/1758280434_DiGiSPICE-MOA-AOA-COI-with-updated-MOA.PDF
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://investorrelations.digispice.com/information.php?page=board-of-directors
2 Terms and conditions of appointment of independent directors Yes https://investorrelations.digispice.com/information.php?page=terms-and-conditions-appointment-independent-directors
3 Composition of various committees of board of directors Yes https://investorrelations.digispice.com/information.php?page=composition-board-committees
4 Code of conduct of board of directors and senior management personnel Yes https://investorrelations.digispice.com/files/Code-of-Conduct.pdf
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://investorrelations.digispice.com/files/SML-WBP-01-04-2019.pdf
6 Criteria of making payments to non-executive directors Yes https://investorrelations.digispice.com/Rem_Policy.pdf
7 Policy on dealing with related party transactions Yes https://investorrelations.digispice.com/files/Policy_on_Related_Party_Transactions.pdf
8 Policy for determining material subsidiaries Yes https://investorrelations.digispice.com/files/Policy_on_Material_Subsidiaries.pdf
9 Details of familiarization programmes imparted to independent directors Yes https://investorrelations.digispice.com/information.php?page=familiarization-programme-independent-directors
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://investorrelations.digispice.com/information.php?page=nodal-officer
11 Email address for grievance redressal and other relevant details Yes https://investorrelations.digispice.com/information.php?page=investor-contact
12 Financial results Yes https://investorrelations.digispice.com/information.php?page=financial-results
13 Shareholding pattern Yes https://investorrelations.digispice.com/information.php?page=shareholding-pattern
14 Details of agreements entered into with the media companies and/or their associates Yes https://investorrelations.digispice.com/articles/1735053585_Agreement-for-Investor-Relations-Services.pdf
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet Yes https://investorrelations.digispice.com/information.php?page=investors-analysts-call
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://investorrelations.digispice.com/information.php?page=transcripts
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://investorrelations.digispice.com/information.php?page=newspaper-publications
18 Credit rating or revision in credit rating obtained NA
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://investorrelations.digispice.com/information.php?page=accounts---subsidiaries-companies
20 Secretarial compliance report Yes https://investorrelations.digispice.com/information.php?page=annual-reports
21 Materiality policy as per regulation 30 (4) Yes https://investorrelations.digispice.com/files/policy-for-determination-of-materiality-of-any-event-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://investorrelations.digispice.com/files/Contact%20Details%20of%20Authorized%20KMP's.pdf
23 Disclosures under regulation 30(8) Yes https://investorrelations.digispice.com/information.php?page=announcements
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://investorrelations.digispice.com/articles/845005173_Dividend%20Distribution%20Policy.pdf
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://investorrelations.digispice.com/information.php?page=annual-reports
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://investorrelations.digispice.com/information.php?page=disclosures-under-regulation-46-of-the-lodr
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://investorrelations.digispice.com/information.php?page=disclosures-under-regulation-46-of-the-lodr
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) 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) Yes
Any other information to be provided - Add Notes Textual Information(1)



Text Block
Textual Information(1) The necessary omnibus/specific approval and ratification approval has been obtained in terms of Reg. 23 for all related party transactions.



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 Pankaj Arora
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 Sanjeev Kumar
Designation Chief Financial Officer
Place Mohali
Date 21-Apr-2026



Signatory Details
Name of signatory Pankaj Arora
Designation of person Company Secretary and Compliance Officer
Place New Delhi
Date 21-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


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 ADDITIONAL COMMISSIONER OF GOODS AND SERVICE TAX 25-Jul-2024 Additional Comissioner passed an order for FY 2019-20 confirming : A. the demand of alleged short tax payment of Rs. 3,13,21,694 along with interest and imposes penalty of Rs. 31,23,169. B. the demand of alleged wrongly availed ITC of amounting to Rs. 94,72,797 along with interest and imposes Penalty of Rs. 9,47,280; C. demand of Interest of Rs. 3509 on account of delayed payment of tax paid; and D. imposes Penalty of Rs. 25,000 of each CGST and SGST Head under Section 125 of the CGST Act read with corresponding provisions of PGST Act for alleged varied and dissimilar declaration of value of zero rated supplies. The Company has filed an appeal with Commissioner Appeal on 23-10-2024. Appeal was pending Final hearing was held on 10th December,2025 and order of Commisoner Appeal was received in February, 2026, the demand has been reduced for input tax for Rs 7230666 and penalty has been reduced by 723067, company has paid the balance tax liability and closed the case
2 COMMISSIONER OF INCOME TAX 17-Aug-2015 Assessing Officer disallowed reimbursements of INR 577 Lakhs made to Regional Distributors on account of advertisement expenditure incurred by them, by invoking section 40(a)(ia) of the Act for non-deduction of TDS (Demand of INR 2.71cr adjusted against refund for AY 2010-11). On appeal, CIT(A) remitted the matter back to AO for verification and allowance of deduction to the extent RD’s have deducted TDS on advertisement expenses. Tax department filed appeal before ITAT, Company also filed cross objections before ITAT. ITAT has dismissed both the dept appeal and cross objections upholding CIT(A) order. Against the order of the ITAT, the Company filed appeal before Allahabad High Court, which was dismissed by order dated 13th May 2015 stating no question of law arises. The company filed SLP in the Supreme Court against the said order of Allahabad High Court on 17 August 2015. SLP has been admitted by Supreme court on 09-8-2019. Pursuant to directions of CIT(A), AO issued order for appeal effect, dated 1st June 2015, disregarding the request of the Company to provide additional time to submit the evidence for TDS. Against the said order, Company filed an appeal before CIT(A), Meerut in July 2015 on the ground of principles of natural justice and other grounds. CIT(A) by order dated 20th February 2017 dismissed the appeal ex-parte as non-admissible without passing a reasoned order. On Company’s appeal before ITAT, case is remanded back to CIT(A) vide order dated 17/01/2020 with direction to pass a speaking order on merits. Case pending before the Supreme Court and CIT (Appeals)
3 National e-assessment centre, Delhi 07-Apr-2021 In respect of assessment year 2018-19, the Assessing Officer made disalowance of Rs 69.01 lakhs to the assessed income of Spice Money Limited in the order of assessment passed u/s 143(3) and adjusted the tax demand of Rs. 14.89 lakhs against the refunds due. Spice Money has filed an appeal to the CIT (Appeals) against the said order. Case decided in favour of the Company by CIT (Appeals) by deleting the disallowance of Rs. 69 lakhs vide order dated 02.07.2025. Order of Appeal effect from JAO is awaited. Order of Appeal effect from JAO is awaited.
4 Deputy Excise and Taxation Commissioner (Inspection), Faridabad 22-Oct-2019 The Company filed appeal before Harayana Tax Tribunal against the revisionary order of Deputy Excise and Taxation Commissioner, revising the deemed assessable value of the Chargers sold by Company in composite packs during FY 2013-14, thereby rasing demand of Rs. 1.2 Cr. along with interest thereon. The matter is pending before Tax tribunal.
5 Assistant Commissioner, State Tax, Uttarakhand 02-Sep-2024 Spice Money Limited, subsidiary of the Company received an order from GST Authority imposing a penalty of Rs. 2,31,530 under section 73(9) of Uttrakhand Goods and Service Tax Act, 2017. The total demand under the said order is Rs. 45,74,652 including interest and penalty.The order alleges short declaration of Taxable Turnover and consequent short payment of GST thereon by Spice Money for the year 2019-20. Necessary Appeal has been filed by Spice Money. Appeal is pending
6 State Tax Officer, Uttarakhand 04-Jul-2023 Order u/s 74 of Central Goods and Services Tax Act, 2017 in relation to financial year 2018- 19 with a demand of Rs. 95,77,294, including tax, reversal of credit and penalty passed by Seles tax Officer, Uttarakhand, against Spice Money Limited. The Writ has been filed by Spice Money Limited in Uttarakhand High Court. Matter is pending before Uttarakhand High Court.
7 Superintendent, Goods and Service Tax, Mohali 23-Dec-2025 By order dated 23rd December, 2025, Superintendent, CGST, passed an order raising a demand of Rs. 2,41,615 being short payment of tax and Rs. 9,94,261 against in-admissiable inpute tax credit along with penalty of Rs. 1,23,588 and applicable interest. The Company has deposited both tax and penalty and the case is closed now.
8 Assistant Commissioner, State Tax, Uttarakhand 27-Mar-2026 NA Spice Money Limited, subsidiary of the Company received an order from GST Authority imposing a penalty of Rs. 33,89,234/- under section 74 of Uttrakhand Goods and Service Tax Act, 2017. The total demand under the said order is Rs. 1,07,64,026/- including interest and penalty.The order alleges short declaration of Taxable Turnover and consequent short payment of GST thereon by Spice Money for the year 2019-20. Necessary Appeal to be file by Spice Money.