Integrated Filing-Governance



General information about company

Scrip Code 543591
NSE Symbol DREAMFOLKS
MSEI Symbol NOTLISTED
ISIN INE0JS101016
Name of the entity Dreamfolks Services Limited
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Reporting Quarter Yearly
Date of Quarter Ending 31-Mar-2026
Type of company Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? No
Reason For Part C Of Annexure I Disclosure Of Acquisition Of Shares OrVotingRightsInUnlistedCompaniesIsNotApplicableToTheEntity The Board of Directors of the Company at its meeting held on December 01, 2025 approved the acquisition of 60.24% of the Shareholding of the ETT Solutions DMCC (involving a combination of secondary purchase of shares and primary subscription to freshly issued shares). The first phase of the aforesaid acquisition being the secondary purchase of shares, has been duly completed on April 22, 2026 and the said transfer of shares has been duly registered with Dubai Multi Commodities Centre Authority. Following this registration, the Companys shareholding in ETT currently stands at 34%. The subsequent phase involving the primary subscription will proceed as per the agreed timelines. Post completion of primary subscription, the overall shareholding of DreamFolks in ETT will be 60.24%
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 as no Fine or Penalty reportable under Para A(20), Part A of Schedule III of SEBI LODR Regulations was imposed on the Company during the period.
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 No such 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) were given directly or indirectly by the company to its promoter(s), promoter group, director(s) (including their relatives) or key managerial personnel (including their relatives) during the year ended March 31, 2026. However, the Company had advanced loan to its wholly owned subsidiary which shall be reported in its RPT XBRL for the year ended March 31, 2026.
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 2000 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID COMD00453
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 1. Board of Directors at its meeting held on August 07, 2025, approved the reappointment of Ms. Liberatha Peter Kallat as Chairperson & Managing Director (CMD) of the Company for a further period of five years, on expiry of her present term of office i.e. with effect from February 19, 2026 through February 18, 2031. The Members of the Company accorded their approval for the reappointment of Ms. Liberatha Peter Kallat as CMD of the Company for the said period at Annual General Meeting held on September 29, 2025. 2. Board of Directors at its meeting held on February 09, 2026, approved the reappointment of Mr. Balaji Srinivasan as Executive Director and Chief Technology Officer of the Company for a further period of five years, on expiry of his present term of office i.e. with effect from September 02, 2026 through September 01, 2031. The Members of the Company accorded their approval for the reappointment of Mr. Balaji Srinivasan as Executive Director and Chief Technology Officer of the Company for the said period through Postal Ballot on March 25, 2026.
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO Yes Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN
1 Ms. Liberatha Peter Kallat 06849062 Executive Director Chairperson related to Promoter MD 02-Feb-1976 No Active NA 21-Mar-2014 19-Feb-2026 1 0 1 0
2 Mr. Mukesh Yadav 01105819 Non-Executive - Non Independent Director Not Applicable 15-Aug-1971 No Active NA 02-Jan-2011 22-Nov-2021 1 0 2 1
3 Mr. Dinesh Nagpal 01105914 Non-Executive - Non Independent Director Not Applicable 15-Apr-1966 No Active NA 02-Jan-2011 22-Nov-2021 1 0 0 0
4 Mr. Balaji Srinivasan 03512187 Executive Director Not Applicable 27-Oct-1976 No Active NA 02-Sep-2021 19-Oct-2021 1 0 1 0
5 Mr. Ravindra Pandey 07188637 Non-Executive - Independent Director Not Applicable 03-Jun-1962 No Active NA 28-Nov-2023 28-Nov-2023 28.03 3 3 7 3
6 Ms. Prerna Kohli 03463093 Non-Executive - Independent Director Not Applicable 21-Dec-1965 No Active NA 28-Nov-2023 28-Nov-2023 28.03 1 1 0 0
7 Ms. Monica Widhani 07674403 Non-Executive - Independent Director Not Applicable 18-Jan-1959 No Active NA 06-Sep-2024 06-Sep-2024 18.25 4 4 6 3
8 Mr. Sunil Kulkarni 02714177 Non-Executive - Independent Director Not Applicable 15-Nov-1963 No Active NA 21-Nov-2024 21-Nov-2024 16.1 3 3 3 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 07188637 Ravindra Pandey Non-Executive - Independent Director Chairperson 30-Nov-2023
2 07674403 Monica Widhani Non-Executive - Independent Director Member 03-Dec-2024
3 02714177 Sunil Kulkarni Non-Executive - Independent Director Member 03-Dec-2024
4 01105819 Mukesh Yadav Non-Executive - Non Independent Director Member 30-Nov-2021



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 07674403 Monica Widhani Non-Executive - Independent Director Chairperson 03-Dec-2024
2 02714177 Sunil Kulkarni Non-Executive - Independent Director Member 03-Dec-2024
3 01105819 Mukesh Yadav Non-Executive - Non Independent Director Member 30-Nov-2021



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 01105819 Mukesh Yadav Non-Executive - Non Independent Director Chairperson 30-Nov-2021
2 02714177 Sunil Kulkarni Non-Executive - Independent Director Member 03-Dec-2024
3 06849062 Liberatha Peter Kallat Executive Director Member 30-Nov-2021
4 03512187 Balaji Srinivasan Executive Director Member 30-Nov-2023



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 06849062 Liberatha Peter Kallat ED Chairperson 30-Nov-2021
2 07674403 Monica Widhani ID Member 03-Dec-2024
3 01105819 Mukesh Yadav NED Member 30-Nov-2021
4 03512187 Balaji Srinivasan ED Member 30-Nov-2023



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 10-Nov-2025 Yes 8 8 4
2 14-Nov-2025 3 Yes 8 8 4
3 25-Nov-2025 10 Yes 8 8 4
4 01-Dec-2025 5 Yes 8 7 3
5 19-Jan-2026 48 Yes 8 8 4
6 09-Feb-2026 20 Yes 8 8 4
7 10-Mar-2026 28 Yes 8 7 3



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1 Audit Committee 10-Nov-2025 Yes 4 4 3 0
2 Audit Committee 14-Nov-2025 3 Yes 4 4 3 0
3 Audit Committee 25-Nov-2025 10 Yes 4 4 3 0
4 Audit Committee 19-Jan-2026 Yes 4 4 3 0
5 Audit Committee 09-Feb-2026 Yes 4 4 3 0
6 Audit Committee 10-Mar-2026 Yes 4 4 3 0
7 Nomination and remuneration committee 06-Feb-2026 Yes 3 3 2 0
8 Risk Management Committee 16-Oct-2025 Yes 4 4 1 0
9 Risk Management Committee 10-Mar-2026 Yes 4 4 1 0
10 Stakeholders Relationship Committee 10-Mar-2026 Yes 4 4 1 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: The Integrated Governance Report for (previous) quarter ended December 31, 2025 was placed before the Board of Directors at its meeting held on February 09, 2026. There were no comments/ observations/ advice of the Board of Directors on the said report.



Annexure 1
Sr Subject Compliance status
1 Name of signatory Harshit Gupta
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.dreamfolks.com/about-us.html
1.2 Memorandum of Association and Articles of Association Yes https://s3.ap-south-1.amazonaws.com/df.imagesv1/website-content/MOA-AOA_Dreamfolks_06.09.2023.pdf
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://www.dreamfolks.com/corporate-governance.html#tab-1
2 Terms and conditions of appointment of independent directors Yes https://www.dreamfolks.com/files/policy/TERMSA-2_.pdf
3 Composition of various committees of board of directors Yes https://www.dreamfolks.com/corporate-governance.html#tab-3
4 Code of conduct of board of directors and senior management personnel Yes https://www.dreamfolks.com/files/policy/CODEOF-2_.pdf
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://www.dreamfolks.com/files/policy/Policy-on-Vigil-Mechanism_Dreamfolks-Services-Limited_v1.10.pdf
6 Criteria of making payments to non-executive directors Yes https://www.dreamfolks.com/files/policy/nomination_and_remuneration_policy.pdf
7 Policy on dealing with related party transactions Yes https://s3.ap-south-1.amazonaws.com/df.imagesv1/website-content/Policy-on-Related-Party-Transactions_Dreamfolks-Services-Limited.pdf
8 Policy for determining material subsidiaries Yes https://s3.ap-south-1.amazonaws.com/df.imagesv1/website-content/Policy-for-determining-material-subsidiaries.pdf
9 Details of familiarization programmes imparted to independent directors Yes https://s3.ap-south-1.amazonaws.com/df.imagesv1/website-content/Familiarization-Programme-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://www.dreamfolks.com/investor-contact.html
11 Email address for grievance redressal and other relevant details Yes https://www.dreamfolks.com/investor-contact.html
12 Financial results Yes https://www.dreamfolks.com/results-and-reports.html#tab-1
13 Shareholding pattern Yes https://www.dreamfolks.com/company-announcements.html#tab-9
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.dreamfolks.com/company-announcements.html#tab-10 https://www.dreamfolks.com/results-and-reports.html#tab-2
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://www.dreamfolks.com/results-and-reports.html#tab-3
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://www.dreamfolks.com/company-announcements.html#tab-5
18 Credit rating or revision in credit rating obtained Yes https://www.dreamfolks.com/investor-information.html#tab-2
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://www.dreamfolks.com/results-and-reports.html#tab-7
20 Secretarial compliance report Yes https://www.dreamfolks.com/company-announcements.html#tab-8
21 Materiality policy as per regulation 30 (4) Yes https://s3.ap-south-1.amazonaws.com/df.imagesv1/website-content/Policy-on-Materiality-of-Information-and-Events_Dreamfolks-Services-Limited.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://s3.ap-south-1.amazonaws.com/df.imagesv1/website-content/Materiality-Information-and-Events_Dreamfolks-17apr25.pdf
23 Disclosures under regulation 30(8) Yes https://www.dreamfolks.com/company-announcements.html#tab-1
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.dreamfolks.com/files/policy/Dividend-Distribution-policy.pdf
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://www.dreamfolks.com/results-and-reports.html#tab-6
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.dreamfolks.com/disclosure-under-regulation-46.html
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://www.dreamfolks.com/disclosure-under-regulation-46.html
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) 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) NA
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) 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 Yes
Any other information to be provided



Annexure II
1 Name of signatory Harshit Gupta
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 Harshit Gupta
Designation of person Company Secretary and Compliance Officer
Place Gurugram
Date 30-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 Assistant Commissioner of State Tax, West Bengal 29-Dec-2023 The Company has received an order imposing of tax demand of Rs. 1,09,22,309 /- plus applicable interest and penalty of Rs. 1,13,00,550.04/- and 10,92,230.90/- respectively under applicable provisions of IGST Act, 2017 for the Financial Year 2017-18. The alleged demand pertains to violation of the provisions or alleged to be committed of place of supply in section 12(3) of IGST Act, 2017 during the financial year 2017-18. The Company has filed as appeal with Appellate Authority which was rejected by the Appellate Authority by an order dated 25-03-2025. Company did not envisages any relevant impact on financials, operations or other activities of the Company. The Company has filed an undertaking to file appeal against the Order before GST Appellate Tribunal along with payment of additional pre-deposit of 10% of demand mentioned in the Order-in-Appeal with a prayer to stay recovery of outstanding demand. GST Appeallate Tribunal has been constituted and we intend to file the appeal by 30-06-2026.
2 Deputy Commissioner of State Tax, West Bengal 08-Apr-2024 Company has received an order imposing of tax demand of Rs. 2,28,23,497.88/- plus applicable penalty of Rs.22,82,349.80/- under applicable provisions of IGST Act, 2017 for the Financial Year 2018-19. The alleged demand pertains to violation of the provisions or alleged to be committed of place of supply in section 12(3) of IGST Act, 2017 during the financial year 2018-19. The Company has filed an Appeal against the order on 07-07-2024. Its hearings was attended on 18-11-2024, during which the case was discussed on its merits with the Appellate Authority and pending with Appellate authority for further course of action. However the same has been rejected by the Appellate Authority. The Company has filed an undertaking to file appeal against the Order before GST Appellate Tribunal along with payment of additional pre-deposit of 10% of demand mentioned in the Order-in-Appeal with a prayer to stay recovery of outstanding demand.GST Appeallate Tribunal has been constituted and we intend to file the appeal by 30-06-2026
3 Deputy Commissioner of State Tax, West Bengal 27-Aug-2024 The Company has received an order imposing of tax demand of Rs. 4,36,86,048.32 /- plus applicable penalty of Rs. 43,68,604.32/- under applicable provisions of IGST Act, 2017 for the Financial Year 2019-20. The alleged demand pertains to violation of the provisions or alleged to be committed of place of supply in section 12(3) of IGST Act, 2017 during the financial year 2019-20. The Company has filed an Appeal against the order on 27-11-2024. The Company did not envisages any relevant impact on financials, operations or other activities of the Company. Hearing was fixed on 05-03-2026 which was duly attended along with submissions. No further communication has been received as of yet.
4 Assistant Commissioner, Division -VI CGST & Central Excise, Mumbai East Commissionerate 31-Aug-2024 The Company has received an Order imposing of demand of Rs. 1,35,09,720/- plus applicable interest and penalty of Rs.13,50,972/-under provisions of applicable GST Law(s) for the Financial Year 2019-20. The Order has been passed by the GST Authority on the contention that the Company has wrongly availed the Input Tax Credit (ITC) and ineligible availment of ITC is liable to be recovered under the applicable provisions of CGST Act, 2017 read with MGST Act, 2017 read with IGST Act, 2017. Company did not envisage any relevant impact on financials, operations or other activities of the Company. The Company has filed an Appeal against the order on 27-11-2024. No further communication has been received as of yet.
5 Deputy Commissioner of State Tax, West Bengal 21-Jan-2025 The Company has received an order dated 21-01-2025 imposing of tax demand of Rs. 93,71,232.90 /- plus applicable penalty of Rs. 9,37,123.30/- under applicable provisions of IGST Act, 2017 for the Financial Year 2020-21. The alleged demand pertains to violation of the provisions or alleged to be committed of place of supply in section 12(3) of IGST Act, 2017 during the financial year 2020-21. The Company did not envisages any relevant impact on financials, operations or other activities of the Company. The Company has filed an appeal on 21-04-2025 along with payment of Pre deposit @10% which was rejected on 23-12-2025 by the Appellate Authority. Company did not envisages any relevant impact on financials, operations or other activities of the Company. The Company has filed an undertaking to file appeal against the Order before GST Appellate Tribunal along with payment of additional pre-deposit of 10% of demand mentioned in the Order-in-Appeal with a prayer to stay recovery of outstanding demand. GST Appeallate Tribunal has been constituted and we intend to file the appeal by 30-06-2026
6 Deputy Commissioner of State Tax, West Bengal 20-Dec-2025 The Company has received an order dated 19-12-2025 imposing of tax demand of Rs. 2,59,30,628.74/- plus applicable penalty of Rs. 25,93,062.90/- under applicable provisions of IGST Act, 2017 for the Financial Year 2021-22. The alleged demand pertains to violation of the provisions or alleged to be committed of place of supply in section 12(3) of IGST Act, 2017 during the financial year 2021-22. The Company did not envisages any relevant impact on financials, operations or other activities of the Company. The Company has filed an appeal against the Order before Appellate Authority along with payment of additional pre-deposit of 10% of demand mentioned in the Order-in-Appeal with a prayer to stay recovery of outstanding demand.
7 Joint Commissioner of State Tax, Bhiwadi, Rajasthan 19-Dec-2025 The Company has received an order dated 19-12-2025 imposing of Tax- Rs. 4,72,540, Interest- Rs. 3,40,040 and penalty - Rs. 47,254/- under applicable provisions of CGST/SGST Act, 2017 for the Financial Year 2021-22. The alleged demand pertains to excess availment of ITC in GSTR 3B as compared to book of accounts. The Company did not envisages any relevant impact on financials, operations or other activities of the Company. The Company has filed an appeal against the Order before Appellate Authority on 17-03- 2026 along with payment of additional pre-deposit of 10% of demand mentioned in the Order-in-Appeal with a prayer to stay recovery of outstanding demand.