Integrated Filing-Governance



General information about company

Scrip Code 533121
NSE Symbol EXPLEOSOL
MSEI Symbol NOTLISTED
ISIN INE201K01015
Name of the entity EXPLEO SOLUTIONS 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 Nil
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 Yes
Market Capitalisation as per immediate previous Financial Year Top 2000 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID T00089
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 Mr. Rajesh Krishnamurthy (DIN: 08288884) resigned as Non-Executive Director of the Company with effect from January 12, 2026 due to personal reasons.
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. Ralph Gillessen 05184138 Non-Executive - Non Independent Director Chairperson related to Promoter 27-Jun-1969 No Active NA 09-Aug-2018 1 0 0 0 Textual Information(1)
2 Mr. Phani Tangirala 01871595 Executive Director Not Applicable CEO-MD 06-Jun-1971 No Active NA 01-Aug-2024 1 0 1 0
3 Mr. Rajesh Krishnamurthy 08288884 Non-Executive - Non Independent Director Not Applicable 07-Jul-1970 No Active NA 01-Sep-2020 12-Jan-2026 1 0 0 0 Others
4 Mr. Narayanan Subramaniam 00166621 Non-Executive - Independent Director Not Applicable 02-Aug-1961 No Active NA 01-Apr-2024 01-Apr-2024 24 3 3 7 3
5 Mr. Varadharajan Sridhar 00082156 Non-Executive - Independent Director Not Applicable 10-May-1961 No Active NA 01-Apr-2024 01-Apr-2024 24 1 1 2 1
6 Ms. Srivardhini Keshavamurthy Jha 06373409 Non-Executive - Independent Director Not Applicable 17-Nov-1975 No Active NA 01-Apr-2024 01-Apr-2024 24 1 1 1 0
7 Ms. Shalini Kalsi Kamath 06993314 Non-Executive - Independent Director Not Applicable 15-Dec-1964 No Active NA 14-Jun-2024 14-Jun-2024 21.16 3 3 4 0



Text Block
Textual Information(1) Being a Foreign National, Permanent Account Number (PAN) is not available.



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 00166621 Narayanan Subramaniam Non-Executive - Independent Director Chairperson 01-Apr-2024
2 00082156 Varadharajan Sridhar Non-Executive - Independent Director Member 01-Apr-2024
3 06373409 Srivardhini Keshavamurthy Jha Non-Executive - Independent Director Member 16-Sep-2024



Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00082156 Varadharajan Sridhar Non-Executive - Independent Director Chairperson 01-Apr-2024
2 05184138 Ralph Gillessen Non-Executive - Non Independent Director Member 10-Aug-2023
3 00166621 Narayanan Subramaniam Non-Executive - Independent Director Member 01-Apr-2024
4 06373409 Srivardhini Keshavamurthy Jha Non-Executive - Independent Director Member 01-Apr-2024
5 06993314 Shalini Kalsi Kamath Non-Executive - Independent Director Member 16-Sep-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 00082156 Varadharajan Sridhar Non-Executive - Independent Director Chairperson 01-Apr-2024
2 00166621 Narayanan Subramaniam Non-Executive - Independent Director Member 01-Apr-2024
3 06993314 Shalini Kalsi Kamath Non-Executive - Independent Director Member 16-Sep-2024
4 01871595 Phani Tangirala Executive Director Member 16-Sep-2024



Risk Management Committee
Whether the Risk Management Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00166621 Narayanan Subramaniam ID Chairperson 01-Apr-2024
2 01871595 Phani Tangirala ED Member 16-Sep-2024
3 06373409 Srivardhini Keshavamurthy Jha ID Member 16-Sep-2024



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 13-Nov-2025 Yes 7 5 3
2 03-Feb-2026 81 Yes 6 5 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 13-Nov-2025 Yes 3 2 2 0
2 Audit Committee 02-Feb-2026 80 Yes 3 3 3 0
3 Nomination and remuneration committee 12-Nov-2025 Yes 5 5 4 0
4 Nomination and remuneration committee 02-Feb-2026 81 Yes 5 5 4 0
5 Stakeholders Relationship Committee 12-Nov-2025 Yes 4 4 3 0
6 Stakeholders Relationship Committee 02-Feb-2026 81 Yes 4 4 3 0
7 Risk Management Committee 12-Nov-2025 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 S.Sampath Kumar
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://investors.expleo.com/
1.2 Memorandum of Association and Articles of Association Yes https://investors.expleo.com/corporate-governance/
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://investors.expleo.com/board-of-directors/
2 Terms and conditions of appointment of independent directors Yes https://investors.expleo.com/wp-content/documents/Terms-of-Appointment-of-Independent-Directors-1.pdf
3 Composition of various committees of board of directors Yes https://investors.expleo.com/corporate-governance/
4 Code of conduct of board of directors and senior management personnel Yes https://investors.expleo.com/wp-content/documents/corporate-governance/corporate-governance-policies/Code-of-Conduct-for-Board-of-Directors-and-SMPs.pdf
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://investors.expleo.com/wp-content/documents/Whistle%20Blower%20and%20Reports%20Management%20Policy.pdf
6 Criteria of making payments to non-executive directors Yes https://investors.expleo.com/financial/
7 Policy on dealing with related party transactions Yes https://investors.expleo.com/wp-content/documents/Policy-on-Materiality-of-Related-Party-Transactions.pdf
8 Policy for determining material subsidiaries Yes https://investors.expleo.com/wp-content/documents/Policy%20for%20Determining%20Material%20Subsidiaries.pdf
9 Details of familiarization programmes imparted to independent directors Yes Details-of-Familiarisation-Program-for-Independent-Directors.pdf
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://investors.expleo.com/media-center/
11 Email address for grievance redressal and other relevant details Yes https://investors.expleo.com/media-center/
12 Financial results Yes https://investors.expleo.com/financial/
13 Shareholding pattern Yes https://investors.expleo.com/corporate-governance/
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://investors.expleo.com/media-center/
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://investors.expleo.com/media-center/
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://investors.expleo.com/corporate-governance/
18 Credit rating or revision in credit rating obtained NA
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://investors.expleo.com/financial/
20 Secretarial compliance report Yes https://investors.expleo.com/corporate-governance/
21 Materiality policy as per regulation 30 (4) Yes https://investors.expleo.com/wp-content/documents/Policy-on-Determination-of-Materiality-of-Events.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://investors.expleo.com/wp-content/documents/Policy-on-Determination-of-Materiality-of-Events.pdf
23 Disclosures under regulation 30(8) Yes https://investors.expleo.com/corporate-governance/
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://investors.expleo.com/wp-content/documents/Dividend-Distribution-Policy-1.pdf
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://investors.expleo.com/financial/
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://investors.expleo.com/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://investors.expleo.com/corporate-governance/
29 Disclosure of notes on website in terms of Listing Regulations explanatory


Annexure II
II. Annual Affirmations
Sr Particulars Regulation Number Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here.
1 Independent director(s) have been appointed in terms of specified criteria of independence and/or eligibility 16(1)(b) Yes
2 Board Composition 17(1), 17(1A) & 17(1C), 17(1D) & 17(1E) Yes
3 Meeting Of Board Of Directors 17(2) Yes
4 Quorum of board meeting 17(2A) Yes
5 Review of Compliance Reports 17(3) Yes
6 Plans for orderly succession for appointments 17(4) Yes
7 Code of Conduct 17(5) Yes
8 Fees/compensation 17(6) Yes
9 Minimum Information 17(7) Yes
10 Compliance Certificate 17(8) Yes
11 Risk Assessment & Management 17(9) Yes
12 Performance Evaluation of Independent Directors 17(10) Yes
13 Recommendation of Board 17(11) Yes
14 Maximum number of Directorships 17A Yes
15 Composition of Audit Committee 18(1) Yes
16 Meeting of Audit Committee 18(2) Yes
17 Role of Audit Committee and information to be reviewed by the audit committee 18(3) Yes
18 Composition of nomination & remuneration committee 19(1) & (2) Yes
19 Quorum of Nomination and Remuneration Committee meeting 19(2A) Yes
20 Meeting of Nomination and Remuneration Committee 19(3A) Yes
21 Role of Nomination and Remuneration Committee 19(4) Yes
22 Composition of Stakeholder Relationship Committee 20(1), 20(2) & 20(2A) Yes
23 Meeting of Stakeholders Relationship Committee 20(3A) Yes
24 Role of Stakeholders Relationship Committee 20(4) Yes
25 Composition and role of risk management committee 21(1),(2),(3),(4) Yes
26 Meeting of Risk Management Committee 21(3A) Yes
27 Quorum of Risk Management Committee meeting 21(3B) Yes
28 Gap between the meetings of the Risk Management Committee 21(3C) Yes
29 Vigil Mechanism 22 Yes
30 Policy for related party Transaction 23(1), (1A), (5), (6), & (8) Yes
31 Prior or Omnibus approval of Audit Committee for all related party transactions 23(2), (3) Yes
32 Approval for material related party transactions 23(4) Yes
33 Disclosure of related party transactions on consolidated basis 23(9) Yes
34 Composition of Board of Directors of unlisted material Subsidiary 24(1) NA
35 Other Corporate Governance requirements with respect to subsidiary of listed entity 24(2),(3),(4),(5) & (6) Yes
36 Alternate Director to Independent Director 25(1) NA
37 Maximum Tenure 25(2) Yes
38 Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism 25(2A) Yes
39 Meeting of independent directors 25(3) & (4) Yes
40 Familiarization of independent directors 25(7) Yes
41 Declaration from Independent Director 25(8) & (9) Yes
42 Directors and Officers insurance 25(10) Yes
43 Confirmation with respect to appointment of Independent Directors who resigned from the listed entity 25(11) NA
44 Memberships in Committees 26(1) Yes
45 Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel 26(3) Yes
46 Policy with respect to Obligations of directors and senior management 26(2) & 26(5) Yes
47 Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity 26(6) NA
48 Vacancies in respect Key Managerial Personnel 26A(1) & 26A(2), 26A(3) 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 S.Sampath Kumar
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 974634609.24
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 Periakaruppan Palaniappan
Designation Chief Financial Officer
Place Chennai
Date 15-Apr-2026



Signatory Details
Name of signatory S.Sampath Kumar
Designation of person Company Secretary and Compliance Officer
Place Chennai
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
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 Employees Provident Fund Organization Proceedings before the regional provident fund commissioner-ii under section 14b of the employees' provident funds & miscellaneous provisions act, 1952 in respect of M/s. Expleo Solutions Limited. bearing pf code no. TN/49417 during the period 01/04/1996 to 31/03/2010 10-Feb-2026 Remittance of contribution and administrative charges payable under Section 6, GA (2a) and 6C (2)/6C (4a) of the Act read with Para 38 (1) of EPF Scheme 1952, Para 3 of EPS 1995 and Para 8(1) of EDU Scheme, 1976 for the period 01/04/1996 to 31/03/2010 within the due dates. Damages of Rs. 34,96,843 & Rs. 20,62,317 along with interest levied by the authority. However, this is subject to contest by the Company. Does not have major impact on financial operation of the company
2 Assistant Commissioner of CGST, East Division 8, GST East Commissionerate, Bengaluru As per the order, ITC of Rs. 6,31,858/- (IGST- Rs. 6,31,858/-) pertains to the invoices /credits which are not reflected in the GSTR-2A for the relevant period is ineligible and a demand of Rs. 6,31,858/- is raised along with equivalent penalty of Rs.6,31,858/- aggregating to Rs. 1,263,716/-. 31-Mar-2026 As per the order, ITC of Rs. 6,31,858/- (IGST- Rs. 6,31,858/-) pertains to the invoices /credits which are not reflected in the GSTR-2A for the relevant period is ineligible a demand of Rs. 6,31,858/- is raised along with equivalent penalty of Rs. 6,31,858/- aggregating to Rs. 1,263,716/- There is no material impact on financials, operations or other activities of the Company


Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes Order received from Hon'ble Income tax Tribunal ( ITAT) on 30th January 2026 against the appeal preferred against the order of Dispute Resolution Panel (DRP) dated 24th September 2024.
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 Deputy Commissioner of Income Tax , Corporate Circle 1(1), Chennai 24-Sep-2024 Assessment Year 2021-22 The Assessing officer passed a draft order u/s. 144C r.w.s 143(3) on 29.12.2023 by making the following additions to the total income of the Assessee: a) Disallowance u/s 40(a)(i) for the service cost paid to the subsidiaries – Rs. 37,44,97,743 b) Disallowance u/s 40(a)(i) for the reimbursement cost paid to the subsidiaries – Rs. 30,38,12,844 c) Disallowance u/s 40(a)(i) for the service cost paid to the group companies – Rs. 28,18,545 d) Addition on account of difference of 26AS with books of accounts - Rs. 5,95,14,405 e) Addition on account of interest on trade receivable – Rs. 25,17,564 Aggrieved by the addition made by the Assessing officer, Company has preferred appeal before the Dispute Resolution Panel-2 who vide their order dated 24.09.2024 provided relief to an extent of Rs. 5,90,98,120 on account of 26AS reconciliation and on all the other issues, upheld the order of the Assessing Officer. There was a total demand of 25,37,62,355 as per the order and the Assessee has paid 20% of total demand amounting to Rs. 5,07,60,000. The Company has filed a Stay Petition for the recovery of Outstanding Disputed Demand of 20,30,02,355 for the AY 2021-22 . The Company has also filed an appeal before Hon’ble Income Tax Tribunal on 27.12.2024 against the Dispute Resolution Panel Order and the final order dated 22.10.2024 passed under Sec. 143(3) r.w.s 144C(13) of the I. T. Act The Company has now received an order dated 28 January 2026 received on 30 January 2026 from the Hon'ble Income Tax Appellate Tribunal, deciding as follows: 1. The transfer pricing addition amounting to Rs.18,67,077 has been dropped and allowed in favour of the Company. 2. The disallowance on account of non deduction of TDS under section 40(a)(i),on the gross amount, amounting to Rs.68,11,29,132 has been remitted back to the Assessing Officer for fresh consideration.