Integrated Filing-Governance



General information about company

Scrip Code 532162
NSE Symbol JKPAPER
MSEI Symbol NOTLISTED
ISIN INE789E01012
Name of the entity JK Paper Limited
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Reporting Quarter Yearly
Date of Quarter Ending 31-Mar-2026
Type of company Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? No
Reason For Part C Of Annexure I Disclosure Of Acquisition Of Shares OrVotingRightsInUnlistedCompaniesIsNotApplicableToTheEntity No Acquisition of shares or voting Right in unlisted Companies was made during the reporting quarter.
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 1000 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID J00089
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 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. HARSH PATI SINGHANIA 00086742 Executive Director Chairperson CEO-MD 31-Dec-1961 No Active NA 09-Jul-1992 01-Jan-2022 3 2 0 0
2 Mr. ANOOP SETH 00239653 Non-Executive - Independent Director Not Applicable 07-Jan-1961 No Active NA 27-Sep-2022 27-Sep-2025 42.04 1 1 5 2
3 Mr. BHARAT ANAND 02806475 Non-Executive - Independent Director Not Applicable 13-Jul-1976 No Active NA 01-Jul-2023 01-Jul-2023 33 5 5 3 0
4 Mrs. DEEPA GOPALAN WADHWA 07862942 Non-Executive - Independent Director Not Applicable 28-Nov-1955 No Active NA 27-Jun-2019 27-Jun-2022 81.04 6 6 7 1
5 Mr. HARSHAVARDHAN NEOTIA 00047466 Non-Executive - Independent Director Not Applicable 19-Jul-1961 No Active NA 29-Jul-2022 29-Jul-2022 44.03 1 1 2 0
6 Mr. RAJYA VARDHAN KANORIA 00003792 Non-Executive - Non Independent Director Not Applicable 23-Feb-1955 No Active NA 04-Sep-2024 04-Sep-2024 3 1 3 1
7 Mr. SUSHIL KUMAR ROONGTA 00309302 Non-Executive - Independent Director Not Applicable 09-May-1950 No Active Yes 03-Sep-2024 23-Aug-2024 23-Aug-2024 19.09 6 6 7 1
8 Ms. VINITA SINGHANIA 00042983 Non-Executive - Non Independent Director Not Applicable 12-Mar-1952 No Active Yes 01-Sep-2023 14-May-2009 01-Sep-2023 4 0 1 0
9 Mr. SANDIP SOMANY 00053597 Non-Executive - Non Independent Director Not Applicable 16-Dec-1963 No Active NA 04-Sep-2024 04-Sep-2024 5 2 4 1
10 Mr. AMAR SINGH MEHTA 00030694 Executive Director Not Applicable 25-Aug-1959 No Active NA 01-Oct-2018 01-Sep-2025 1 0 6 1



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 00239653 ANOOP SETH Non-Executive - Independent Director Chairperson 23-Aug-2024
2 00030694 AMAR SINGH MEHTA Executive Director Member 01-Oct-2018
3 00047466 HARSHAVARDHAN NEOTIA Non-Executive - Independent Director Member 23-Aug-2022
4 00309302 SUSHIL KUMAR ROONGTA Non-Executive - Independent Director Member 23-Aug-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 00309302 SUSHIL KUMAR ROONGTA Non-Executive - Independent Director Chairperson 23-Aug-2024
2 07862942 DEEPA GOPALAN WADHWA Non-Executive - Independent Director Member 23-Aug-2022
3 00086742 HARSH PATI SINGHANIA Executive Director Member 23-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 00053597 SANDIP SOMANY Non-Executive - Non Independent Director Chairperson 19-Sep-2024
2 07862942 DEEPA GOPALAN WADHWA Non-Executive - Independent Director Member 27-Jan-2021
3 00030694 AMAR SINGH MEHTA Executive Director Member 01-Oct-2018
4 00239653 ANOOP SETH Non-Executive - Independent Director Member 23-Aug-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 00003792 RAJYA VARDHAN KANORIA NED Chairperson 19-Sep-2024
2 00309302 SUSHIL KUMAR ROONGTA ID Member 08-May-2019
3 00030694 AMAR SINGH MEHTA ED Member 08-May-2019
4 02806475 BHARAT ANAND ID Member 23-Aug-2024
5 99999999 PARTHA BISWAS Chief (Marketing & Sales) Member 08-May-2019 Textual Information(1)
6 99999999 KR. VEERAPPAN Chief Finance Officer Member 14-May-2022 Textual Information(2)



Text Block
Textual Information(1) Shri Partha Biswas, (Chief Marketing & Sales) is a Member of Risk Management Committee. Hence, DIN is not applicable.
Textual Information(2) Shri KR Veerappan, (Chief Finance Officer) is a Member of Risk Management Committee. Hence, DIN is not applicable.



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 03-Nov-2025 Yes 10 10 5
2 05-Feb-2026 93 Yes 10 8 5



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 03-Nov-2025 Yes 4 4 3 0
2 Audit Committee 05-Feb-2026 93 Yes 4 4 3 0
3 Nomination and remuneration committee 03-Nov-2025 Yes 3 3 2 0
4 Stakeholders Relationship Committee 03-Nov-2025 Yes 4 3 1 0
5 Risk Management Committee 25-Nov-2025 21 Yes 4 4 2 1



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: The Corporate Governance Report for the previous quarter ended 31.12.2025 was placed before the Board at its meeting held on 05.02.2026. There were no comments/observations/advise of Board of Directors on the said Reports. The Corporate Governance Report for the relevant quarter ended 31.03.2026 would be placed before the Board at its forthcoming meeting.



Annexure 1
Sr Subject Compliance status
1 Name of signatory Pradeep Joshi
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 www.jkpaper.com
1.2 Memorandum of Association and Articles of Association Yes www.jkpaper.com
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes www.jkpaper.com
2 Terms and conditions of appointment of independent directors Yes www.jkpaper.com
3 Composition of various committees of board of directors Yes www.jkpaper.com
4 Code of conduct of board of directors and senior management personnel Yes www.jkpaper.com
5 Details of establishment of vigil mechanism or whistle blower policy Yes www.jkpaper.com
6 Criteria of making payments to non-executive directors Yes www.jkpaper.com
7 Policy on dealing with related party transactions Yes www.jkpaper.com
8 Policy for determining material subsidiaries Yes www.jkpaper.com
9 Details of familiarization programmes imparted to independent directors Yes www.jkpaper.com
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes www.jkpaper.com
11 Email address for grievance redressal and other relevant details Yes www.jkpaper.com
12 Financial results Yes www.jkpaper.com
13 Shareholding pattern Yes www.jkpaper.com
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 www.jkpaper.com
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes www.jkpaper.com
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes www.jkpaper.com
18 Credit rating or revision in credit rating obtained Yes www.jkpaper.com
19 Separate audited financial statements of each subsidiary of the listed entity Yes www.jkpaper.com
20 Secretarial compliance report Yes www.jkpaper.com
21 Materiality policy as per regulation 30 (4) Yes www.jkpaper.com
22 Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) Yes www.jkpaper.com
23 Disclosures under regulation 30(8) Yes www.jkpaper.com
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 www.jkpaper.com
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes www.jkpaper.com
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 www.jkpaper.com
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes www.jkpaper.com
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 Pradeep Joshi
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 1230000000 1230000000
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 KR. Veerappan
Designation Chief Financial Officer
Place New Delhi
Date 29-Apr-2026



Signatory Details
Name of signatory Pradeep Joshi
Designation of person Company Secretary and Compliance Officer
Place New Delhi
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 Superintendent CGST & Central Excise Tapi, Gujarat The Superintendent of State Tax, Gujarat has passed an Order dated 13th January 2026 under Goods and Service Tax Act, 2017, for the period April 2019-March 2020, raising demand of Rs. 2,10,502/- (including penalty of Rs. 1,05,251/-) towards claim of ineligible Input Tax Credit. The Company has filed the appeal against this order before Commissioner (Appeals) on which is pending for disposal. 13-Jan-2026 Due to claim of ineligible Input Tax Credit. There is no material impact on financial, operation or other activities of the Company due to aforesaid Order. The company has filed the appeal against this order before Commissioner (Appeals)on which is pending for disposal.


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 The Assistant Commissioner of State Tax, Delhi 30-Dec-2025 The Assistant Commissioner of State Tax, Delhi has passed an Order dated 29th December 2025 under Goods and Service Tax Act, 2017, for the financial year 2021-22, raising demand of Rs. 2,53,95,889/- (including Interest of Rs. 96,36,794/- and penalty of Rs.14,32,645/-) towards claim of excess Input Tax Credit (ITC). The company has filed appeal before Commissioner (Appeals) of State Tax, which is pending for disposal as on date.
2 The Assistant Commissioner of State Tax, Tamilnadu 27-Dec-2025 The Assistant Commissioner of State Tax, Tamilnadu has passed an Order dated 27th December 2025 under Goods and Service Tax Act, 2017, for the financial year 2021-22, raising demand of Rs. 5,12,657/- (including Interest of Rs. 2,10,147/- and penalty of Rs.27,496/-) towards claim of ineligible Input Tax Credit (ITC). The company has filed appeal before Commissioner (Appeals) of State Tax, which is pending for disposal as on date.
3 The Assistant Commissioner of State Tax, Uttar Pradesh 31-Dec-2025 The Assistant Commissioner of State Tax, Uttar Pradesh has passed an Order dated 31st December 2025 under Goods and Service Tax Act, 2017, for the financial year 2018-19, raising demand of Rs. 2,72,652/- (including Interest of Rs. 1,05,380/- and penalty of Rs.83,636/-) for short payment of Tax on alleged outward supplies. The company has filed appeal before Commissioner (Appeals) of State Tax, which is pending for disposal as on date.
4 The Assistant Commissioner of State Tax, Uttar Pradesh 30-Dec-2025 The Assistant Commissioner of State Tax, Uttar Pradesh has passed an Order dated 30 December 2025 under Goods and Service Tax Act, 2017, for the financial year 2021-22, raising demand of Rs. 10,68,659/- (including Interest of Rs. 4,38,950/- and penalty of Rs.20,000/-) towards claim of ineligible Input Tax Credit. The company has filed appeal before Commissioner (Appeals) of State Tax, which is pending for disposal as on date.
5 The State Tax Officer, Mobile Squad, Ahemadabad, Gujrat 04-Dec-2025 Penalty of Rs. 6,28,843/- was imposed by the Sales Tax Officer (Shamli Mobile Squad), enforcement devision-2 ,Ahmedabad, under Goods and Service Tax Act, due to error in the vehicle number mentioned in the E-way bill. The company has filed appeal before Commissioner (Appeals) of State Tax, which is pending for disposal as on date.
6 Superintendent CGST & Central Excise Tapi, Gujarat 29-Oct-2025 The Superintendent of State Tax, Gujrat has passed an Order dated 29 October 2025 under Goods and Service Tax Act, 2017, for the period April 2021- June 2021, raising demand of Rs. 8,75,846/- (including penalty of Rs.4,37,923/-) towards claim of ineligible Input Tax Credit. The company has filed appeal before Commissioner (Appeals) of State Tax, which is pending for disposal as on date.
7 Income Tax Department 28-Mar-2026 The income tax assessment order dated 27th February 2026 u/s 143(3) of the Income Tax Act, 1961, for the assessment Year 2023-24, has been issued by the Income Tax Department. In the said order, the Income Tax Officer has made an addition and a mistake in computation of tax payable with respect to the returned income of the Company, resulting in an aggregate demand of Rs. 42,49,01,690/- (including interest of Rs. 12,34,82,830/-). Against the said assessment order, the Company had filed an appeal before the Commissioner of Income Tax (Appeals)
8 The State Tax Officer Tindivanam Assessment Circle, Villupuram Zone 18-Feb-2025 The State Tax Officer Tindivanam, Villupuram Zone vide his order dated 18-02-2025, has raised demand for short payment of tax and excess claim of input tax credit under GST Act aggregating to Rs 13,35,020/- (tax of Rs. 6,75,454/- ,interest of Rs 5,92,021/- and penalty of Rs. 67,545/-) for the period from April, 2020 to March, 2021. Against the order of the State Tax Officer, appeal has been filed before Commissioner Appeals, which is pending for disposal as on date. The litigation pertains to Horizon Packs Private Limited, a wholly owned subsidiary of the Company, which got malgamated with the Company pursuant to Scheme of Arrangement sanctioned by the Hon'ble NCLT, Ahmedabad Bench vide its Order dated 3rd February 2026, which became effective on 15th March 2026.
9 The Assistant Commissioner (ST) Thiruvanmiyur Assessment Circle 11-Dec-2024 The Assistant Commissioner (ST) Thiruvanmiyur vide his Order dt. 11.12.2024, has raised demand on account of excess claim of input tax credit aggregating to Rs 34,31,953/- (tax of Rs. 20,06,274/- , interest of Rs 13,16,886/- and penalty of Rs. 2,11,793/-) for the period April, 2020 to March, 2021. Against the order of Assistant Commissioner, company has filed Writ petion before the Madras High Court for condonation of the delay in filing the appeal before Commissioner Appeal which is pending for disposal as on date. The litigation pertains to JKPL Utility Packaging Solutions Private Limited ( Formerly Manipal Utility Packaging Solutions Pvt Ltd) , a wholly owned subsidiary of the Company, which got malgamated with the Company pursuant to Scheme of Arrangement sanctioned by the Hon'ble NCLT, Ahmedabad Bench vide its Order dated 3rd February 2026, which became effective on 15th March 2026.