Integrated Filing-Governance



General information about company

Scrip Code 500940
NSE Symbol FINPIPE
MSEI Symbol NOTLISTED
ISIN INE183A01024
Name of the entity FINOLEX INDUSTRIES 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 Not Applicable
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 Not Applicable
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? No
Reason For Part F Of Annexure I Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Not Applicable To The Entity Not Applicable
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 500 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID f00039
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
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. Prakash Pralhad Chhabria 00016017 Executive Director Chairperson related to Promoter 06-May-1963 No Active NA 13-Mar-1992 1 0 1 0
2 Mrs. Ritu Prakash Chhabria 00062144 Non-Executive - Non Independent Director Not Applicable 03-Jul-1967 No Active NA 21-Mar-2015 1 0 0 0
3 Mrs. Kanchan Uday Chitale 00007267 Non-Executive - Independent Director Not Applicable 19-Dec-1952 No Active Yes 28-Aug-2023 01-Apr-2019 81 1 1 7 3
4 Mr. Munesh Khanna 00202521 Non-Executive - Independent Director Not Applicable 12-May-1962 No Active NA 19-Sep-2024 15.13 6 6 10 4
5 Mr. Aditya Sapru 00501437 Non-Executive - Independent Director Not Applicable 27-Aug-1968 No Active NA 19-Sep-2024 15.13 3 3 8 1
6 Mr. Vijay N Bhatt 00751001 Non-Executive - Independent Director Not Applicable 09-May-1959 No Active NA 19-Sep-2024 15.13 4 4 6 4
7 Mr. Debabrata Sarkar 02502618 Non-Executive - Independent Director Not Applicable 03-Nov-1953 No Active NA 19-Sep-2024 15.13 5 5 7 1
8 Mr. Pradeep Udhas 02207112 Non-Executive - Independent Director Not Applicable 13-Oct-1958 No Active NA 30-Sep-2024 15.02 4 4 5 1
9 Mr. Udipt Agarwal 11219144 Executive Director Not Applicable MD 23-Jun-1969 No Active NA 02-Aug-2025 1 0 0 0
10 Mr. Rambabu Sanka 11218997 Executive Director Not Applicable 01-Aug-1962 No Active NA 02-Aug-2025 1 0 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 00751001 Vijay N Bhatt Non-Executive - Independent Director Chairperson 30-Sep-2024
2 00007267 Kanchan Uday Chitale Non-Executive - Independent Director Member 20-Sep-2019
3 02502618 Debabrata Sarkar Non-Executive - Independent Director Member 30-Sep-2024
4 00202521 Munesh Khanna Non-Executive - Independent Director Member 30-Sep-2024
5 00501437 Aditya Sapru Non-Executive - Independent Director Member 30-Sep-2024
6 02207112 Pradeep Udhas Non-Executive - Independent Director Member 24-Oct-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 02502618 Debabrata Sarkar Non-Executive - Independent Director Chairperson 30-Sep-2024
2 00007267 Kanchan Uday Chitale Non-Executive - Independent Director Member 20-Sep-2019
3 00751001 Vijay N Bhatt Non-Executive - Independent Director Member 30-Sep-2024
4 00202521 Munesh Khanna Non-Executive - Independent Director Member 30-Sep-2024
5 00501437 Aditya Sapru Non-Executive - Independent Director Member 30-Sep-2024
6 02207112 Pradeep Udhas Non-Executive - Independent Director Member 24-Oct-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 00202521 Munesh Khanna Non-Executive - Independent Director Chairperson 30-Sep-2024
2 00016017 Prakash Pralhad Chhabria Executive Director Member 11-Aug-2012
3 00751001 Vijay N Bhatt Non-Executive - Independent Director Member 30-Sep-2024
4 00007267 Kanchan Uday Chitale Non-Executive - Independent Director Member 20-Sep-2019
5 00501437 Aditya Sapru Non-Executive - Independent Director Member 30-Sep-2024
6 02502618 Debabrata Sarkar Non-Executive - Independent Director Member 30-Sep-2024
7 02207112 Pradeep Udhas Non-Executive - Independent Director Member 24-Oct-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 00007267 Kanchan Uday Chitale ID Chairperson 20-Sep-2019
2 00016017 Prakash Pralhad Chhabria ED Member 11-Aug-2012
3 00751001 Vijay N Bhatt ID Member 30-Sep-2024
4 00202521 Munesh Khanna ID Member 30-Sep-2024
5 00501437 Aditya Sapru ID Member 30-Sep-2024
6 02502618 Debabrata Sarkar ID Member 30-Sep-2024
7 02207112 Pradeep Udhas ID Member 24-Oct-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 07-Nov-2025 Yes 10 8 6
2 31-Jan-2026 84 Yes 10 10 6



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 07-Nov-2025 Yes 6 6 6 0
2 Audit Committee 31-Jan-2026 84 Yes 6 6 6 0
3 Stakeholders Relationship Committee 07-Nov-2025 Yes 7 6 6 0
4 Stakeholders Relationship Committee 31-Jan-2026 84 Yes 7 7 6 0
5 Risk Management Committee 07-Nov-2025 Yes 7 6 6 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 Dakshinamurthy Iyer
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.finolexpipes.com/product/
1.2 Memorandum of Association and Articles of Association Yes https://www.finolexpipes.com/investors/compliance-report/
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://www.finolexpipes.com/investors/compliance-report/
2 Terms and conditions of appointment of independent directors Yes https://www.finolexpipes.com/investors/compliance-report/
3 Composition of various committees of board of directors Yes https://www.finolexpipes.com/investors/corporate-governance/
4 Code of conduct of board of directors and senior management personnel Yes https://www.finolexpipes.com/investors/policies-code-of-conduct/
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://www.finolexpipes.com/investors/policies-code-of-conduct/
6 Criteria of making payments to non-executive directors Yes https://www.finolexpipes.com/investors/policies-code-of-conduct/
7 Policy on dealing with related party transactions Yes https://www.finolexpipes.com/investors/policies-code-of-conduct/
8 Policy for determining material subsidiaries Yes https://www.finolexpipes.com/investors/policies-code-of-conduct/
9 Details of familiarization programmes imparted to independent directors Yes https://www.finolexpipes.com/investors/compliance-report/
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://www.finolexpipes.com/investors/investors-relations-centre/
11 Email address for grievance redressal and other relevant details Yes https://www.finolexpipes.com/investors/investors-relations-centre/
12 Financial results Yes https://www.finolexpipes.com/investors/financials/
13 Shareholding pattern Yes https://www.finolexpipes.com/investors/shareholding-pattern/
14 Details of agreements entered into with the media companies and/or their associates NA
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet Yes https://www.finolexpipes.com/investors/analyst-coverage/
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://www.finolexpipes.com/investors/financials/
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://www.finolexpipes.com/investors/compliance-report/
18 Credit rating or revision in credit rating obtained Yes https://www.finolexpipes.com/investors/compliance-report/
19 Separate audited financial statements of each subsidiary of the listed entity NA
20 Secretarial compliance report Yes https://www.finolexpipes.com/investors/compliance-report/
21 Materiality policy as per regulation 30 (4) Yes https://www.finolexpipes.com/investors/policies-code-of-conduct/
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.finolexpipes.com/investors/policies-code-of-conduct/
23 Disclosures under regulation 30(8) Yes https://www.finolexpipes.com/investors/compliance-report/
24 Statements of deviation(s) or variations(s) as specified in regulation 32 NA
25 Dividend distribution policy as specified in regulation 43A (1) Yes https://www.finolexpipes.com/investors/policies-code-of-conduct/
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://www.finolexpipes.com/investors/financials/
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.finolexpipes.com/investors/compliance-report/
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://www.finolexpipes.com/investors/compliance-report/
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) Yes
35 Other Corporate Governance requirements with respect to subsidiary of listed entity 24(2),(3),(4),(5) & (6) NA
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) Yes
48 Vacancies in respect Key Managerial Personnel 26A(1) & 26A(2), 26A(3) Yes
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 NA
Any other information to be provided



Annexure II
1 Name of signatory Dakshinamurthy Iyer
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
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(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
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(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
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(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. $intratedCg.get("CG_YN_$!integratedFillingMasterDto.cgMasterVO.anx4aAffirmComplStatus")
Name
Designation
Place
Date



Signatory Details
Name of signatory Dakshinmaurthy Iyer
Designation of person Company Secretary and Compliance Officer
Place Pune
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 9
No. of investor complaints disposed off during the Quarter 8
No. of investor complaints those remaining unresolved at the end of the Quarter 1


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 Joint Commissioner of CGST, Pune – I Commissionerate, Pune 05-Dec-2023 The order was passed disallowing TRAN-1 credit under Section 73 of the CGST Act 2017 to pay tax of Rs.3,15,63,781/- along with penalty of Rs.31,56,378/- under Section 122(2) and interest as applicable under Section 50(3)of the CGST Act 2017. The matter relating to disallowance of ISD credit transferred through TRAN‑1 was earlier disputed before the Hon’ble Bombay High Court, which remanded it back to the jurisdictional officer; the company subsequently filed a follow‑up letter with the officer and, based on its assessment and prevailing law, reasonably expected a favorable outcome with no material impact on its financial position, operations, or other activities. The proceedings have now been conclusively resolved, as the Joint Commissioner of CGST, Pune II Commissionerate has dropped the demand order (Order No. ZD2712250096877 dated 02‑12‑2025).
2 Joint Commissioner of CGST, Pune – I Commissionerate, Pune 02-Jan-2024 The order was passed for the tax demand of Rs.1,25,29,080/- (which was already paid by the Company and appropriated against the demand) and levied a penalty of Rs.12,52,908/- under Section 73(9) and interest of Rs.26,56,851/- under Section 50 of the Central Goods and Services Tax Act, 2017 (CGST Act, 2017). The Company is in the process of availing the amnesty scheme for interest and penalty. Based on its assessment and the prevailing legal framework, the Company reasonably expects a favorable outcome. Accordingly, there is no material impact on the financial position, operations, or other activities of the Company. The said case has now been closed. Order for closure of proceedings has been received. Ref No- ZD270725097319R , Date: 22/07/2025
3 Assistant Commissioner of CGST, Division – II, Vadodara – I 30-Jul-2024 The order was passed for the tax demand of Rs.29,488 /- (Rupees Twenty Nine Thousand Four Hundred and Eighty Eight Only) along with applicable interest under Section 73(9) of the Central Goods and Services Tax Act, 2017 (CGST Act, 2017) and levied a penalty of Rs.20,000/- (Rupees Twenty Thousand Only) under the provision of Section 122(2)(a) read with Section 73(1) of the State Goods and Services Tax Act, 2017 (SGST Act, 2017) and Integrated Goods and Services Tax The Company has paid the tax dues and filed an application under amenesty scheme for interest and penalty. The said case has now been closed. Order for closure of proceedings has been received. Reference No: ZD240325105467L, Date: 27/03/2025
4 Office of the Commissioner of Central GST, Kolhapur, Maharashtra 06-Aug-2024 A. Notice – I DGCEI/MZU/I&S‘C’/30-74/2012/10593/2279 dated 20.11.2013: 2010-11 to August 2013 - Ordered a tax demand of Rs.59,62,857/- (Rupees fifty Nine Lakh Sixty Two Thousand Eight Hundred and Fifty Seven Only) on the Input Credit amount of Rs.3,96,97,519/- (Rupees Three Crore Ninety Six Lakh Ninety Seven Thousand Five Hundred and Nineteen Only) and interest as applicable on the tax demand; - Ordered for recovery of interest of Rs.38,61,104/- (Rupees Thirty Eight Lakh Sixty One Thousand One Hundred and Four Only) on the delayed payment of due of Rs.3,37,34,632/- (Rupees Three Crore Thirty Seven Lakh Thirty Four Thousand Six Hundred and Thirty Two Only); - Further, imposed a penalty equivalent to the amount of demand (excluding Cenvat credit already reversed) of Rs.3,96,97,519/- (Rupees Three Crore Ninety Six Lakh Ninety Seven Thousand Five Hundred and Nineteen Only) under Rule 15(2) of the Cenvat Credit Rules, 2004 read with Section 11 AC of the Central Excise Act, 1944; & - Further, as per the said Order, if the Company pays the balance confirmed demand of Rs.59,62,887/- (Rupees Fifty Nine Lakh Sixty Two Thousand Eight Hundred and Eighty Seven only) along with requisite interest for short payment and interest for delayed payment within 30 days from the date of receipt of this order, penalty shall stand reduced to 25% i.e., Rs.99,24,380/- (Rupees Ninety Nine Lakh Twenty Four Thousand Three Hundred and Eighty Only). The benefit shall be given provided the reduced penalty amount is also paid within 30 days. B. Notice – II: F. No. V(39)15-265/ADJ/COMMR.KOP/14 dated 20.09.2014: September 2013 to June 2014 - Ordered a tax demand of Rs.2,10,189/- (Rupees Two Lakh Ten Thousand One Hundred and Eighty Nine Only) on the Input Credit amount of Rs.17,43,395/- (Rupees Seventeen lakh forty three thousand three hundred and Ninety Five only) and interest as applicable on the tax demand; - Ordered for recovery of interest of Rs.7,254/- (Rupees Seven Thousand Two Hundred and Fifty Four Only) on the delayed payment of Rs.15,33,206/- (Rupees Fifteen Lakh Thirty Three Thousand Two Hundred and Six Only); - Imposed a penalty equivalent to the amount of demand (excluding Cenvat Credit already reversed) of Rs.17,43,395/- (Rupees Seventeen Lakh Forty Three Thousand Three Hundred and Ninety Five Only) under Rule 15(1) of the Cenvat Credit Rules, 2004; & - Further, as per the said Order, if the Company pays the balance confirmed demand of Rs.2,10,189/- (Rupees Two Lakh Ten Thousand One Hundred and Eighty Nine Only) along with requisite interest for short payment and interest for delayed payment within 30 days from the date of receipt of this order, penalty shall stand reduced to 25% i.e. Rs.4,35,849/- (Rupees Four Lakh Thirty Five Thousand Eight Hundred and Forty Nine Only). The benefit shall be given provided the reduced penalty amount is also paid within 30 days. The Company has filed an appeal before CESTAT against this order. Based on the Company’s assessment and prevailing law, the Company reasonably expects a favorable outcome and there is no material impact of the same on financial, operations or other activities of the Company.
5 ASSISTANT COMMISSIONER STATE TAX CIRCLE-13, INDORE 30-Dec-2025 The order has been passed for a tax demand of ₹14,112/-, along with interest of ₹17,774/- and a penalty of ₹14,112/- under Section 74 of the Central Goods and Services Tax Act, 2017 (CGST Act, 2017). Reason: The demand has arisen due to the duplicate generation of an e-way bill for a single invoice. The Company had submitted its reply against Show Cause Notice (SCN) No. ZD230525033163U dated 28‑05‑2025. However, the reply was not accepted by the adjudicating officer, pursuant to which a DRC‑07 order was issued raising a demand aggregating to ₹45,998, comprising tax of ₹14,112, interest of ₹17,774, and penalty of ₹7,056. The said amount has been paid under protest to avoid escalation of the matter and additional costs of litigation. The case is currently pending issuance of the closure order by the GST authorities.