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Non Independent DirectorChairperson related to Promoter1944-10-04falseActiveYes2022-05-022022-05-021021MrParag Mofatraj Munot00136337Non-Executive - Non Independent DirectorNot Applicable1969-06-02falseActiveNA1991-09-301020MrDhananjay Mungale00007563Non-Executive - Independent DirectorNot Applicable1953-06-01falseActiveNA2024-04-012024-04-0193343MrBimal Manu Tanna06767157Non-Executive - Independent DirectorNot Applicable1962-04-07falseActiveNA2024-04-012024-04-0194474MsAnjali Karamnarayan Seth05234352Non-Executive - Independent DirectorNot Applicable1958-10-25falseActiveNA2017-05-192020-05-19914484MrShailendra Raj Mehta02132246Non-Executive - Independent DirectorNot Applicable1959-07-09falseActiveNA2021-08-032021-08-03401100MrManish Dashrathmal Mohnot01229696Executive DirectorNot ApplicableCEO-MD1972-05-15falseActiveNA2006-11-011010MrShailendra Kumar Tripathi03156123Executive DirectorNot ApplicableMD1964-05-02falseActiveNA2023-01-041000truetruetruetruetrueAudit Committee00007563Dhananjay MungaleNon-Executive - Independent DirectorChairperson2024-04-01Audit Committee00046905Mofatraj Pukhraj MunotNon-Executive - Non Independent DirectorMember2022-05-14Audit Committee06767157Bimal Manu TannaNon-Executive - Independent DirectorMember2024-04-01Audit Committee05234352Anjali Karamnarayan SethNon-Executive - Independent DirectorMember2024-04-01Nomination and remuneration committee00007563Dhananjay MungaleNon-Executive - Independent DirectorChairperson2024-04-01Nomination and remuneration committee00136337Parag Mofatraj MunotNon-Executive - Non Independent DirectorMember2022-04-01Nomination and remuneration committee05234352Anjali Karamnarayan SethNon-Executive - Independent DirectorMember2024-04-01Stakeholders Relationship Committee05234352Anjali Karamnarayan SethNon-Executive - Independent DirectorChairperson2021-02-13Stakeholders Relationship Committee01229696Manish Dashrathmal MohnotExecutive DirectorMember2014-05-29Stakeholders Relationship Committee00136337Parag Mofatraj MunotNon-Executive - Non Independent DirectorMember2015-05-30Risk Management Committee06767157Bimal Manu TannaNon-Executive - Independent DirectorChairperson2024-04-01Risk Management Committee02132246Shailendra Raj MehtaNon-Executive - Independent DirectorMember2024-03-29Risk Management Committee01229696Manish Dashrathmal MohnotExecutive DirectorMember2019-02-01Risk Management Committee03156123Shailendra Kumar TripathiExecutive DirectorMember2023-05-08Risk Management Committee99999999Sanjay Shivratan DalmiaExecutive Director (Non-board position)Member2024-03-29Mr. Sanjay Shivratan Dalmia is not a Director of the Company but is acting as member of the Committee in his capacity as Executive Director (non-board position) of the Company.Risk Management Committee99999999Amit UplenchwarDirector - Strategy Business GroupMember2023-05-08Mr. Amit Uplenchwar is not Director of the Company but has been appointed as member of the Committee in his capacity as Director - Strategy Business Group of the Company.Risk Management Committee99999999Ram PatodiaChief Financial OfficerMember2019-02-01Mr. Ram Patodia is not Director of the Company but acting as member of the Committee in his capacity as Chief Financial Officer of the Company.Corporate Social Responsibility Committee02132246Shailendra Raj MehtaNon-Executive - Independent DirectorChairperson2024-04-01Corporate Social Responsibility Committee00046905Mofatraj Pukhraj MunotNon-Executive - Non Independent DirectorMember2022-05-14Corporate Social Responsibility Committee00136337Parag Mofatraj MunotNon-Executive - Non Independent DirectorMember2015-05-30Corporate Social Responsibility Committee01229696Manish Dashrathmal MohnotExecutive DirectorMember2014-05-292024-07-09true8842024-07-2919true8732024-10-2890true884Audit Committee2024-07-29true4430Audit Committee2024-09-2658true4430Audit Committee2024-10-2831true4430Nomination and remuneration committee2024-10-28true3320Corporate Social Responsibility Committee2024-07-29true4410Corporate Social Responsibility Committee2024-10-2890true4410Stakeholders Relationship Committee2024-07-29true3310Risk Management Committee2024-09-2658true4422truetruetruetrueYestruetruetrueShweta GirotraCompany Secretary and Compliance OfficerfalseSHWETA GIROTRACompany SecretaryMUMBAI2025-02-1203300Court of Judicial Magistrate First Class, MirajThe Authority vide its Order dated 17th October, 2024, received by the Company on 05th November, 2024 had levied a fine of INR 2,000/- on account of violation of the Contract Labour (Regulation and Abolition) Act, 1970 at project site which had been paid by the concerned responsible employee.2024-11-05Covered under point Nature and details of the action(s) taken or order(s) passed.The fine levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Office of the Chief Labour Commissioner, Ministry of Labour & EmploymentThe Authority vide its Order dated 24th October, 2024, received by the Company on 11th November, 2024 had levied a penalty of INR 1,000/- on account of alleged violation of non-display of registration certificate under the Building & Other Construction Workers (RE & CS) Act, 1996 and rules made thereunder at one of the project site. Considering the amount, the Company had decided to settle the penalty without agreeing or disputing the same.2024-11-11Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Large Taxpayers Department, Tanzania Revenue AuthorityThe Authority vide its tax assessment order had demanded to pay penalty of TZS 600,000 (~INR 18,960) on account of late filing of corporate tax return for financial year 2024. The Tanzania branch had filed an application of remission against this demand and was expecting a favorable consideration by the Authorities. The Tanzania branch had filed an application of remission against this demand on 12th November, 2024. The Large Taxpayers Department vide its notice dated 12th November, 2024 had allowed the remission against this demand of penalty.2024-11-11Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same had no significant impact on the Company.GST AuthorityThe Company had made the payment of general penalty of Rs. 25,000/- for the financial year 2017-18 to 2021-22 under Section 125 of the State Goods and Services Tax Act, 2017 read with relevant provisions of the Central Goods and Services Tax Act, 2017 and the rules made thereunder on account of procedural grounds on 25th November, 2024.2024-11-25Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty paid is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.GST AuthorityThe Company had received an Order under the provisions of Section 161 of the State Goods and Services Tax Act, 2017 read with relevant provisions of the Central Goods and Services Tax Act, 2017 and the rules made thereunder. The authority had demanded tax along with interest and penalty pertaining to erstwhile JMC Projects (India) Limited (since amalgamated with the Company) for the financial year 2017-18 on grounds of reversal of TRAN-1 credit under wrong head of tax. The authority under the said Order had demanded penalty of INR 3.25 lakhs. The Company will pay the tax demand and subsequently claim a refund. Further, the Company will prefer an appeal with the CESTAT for waiver of interest and penalty.2024-12-05Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.GST AuthorityThe Company had received Show Cause Notice under the provisions of Section 129 of the State Goods and Services Tax Act, 2017 read with relevant provisions of the Central Goods and Services Tax Act, 2017 and the rules made thereunder, from the GST Authority. The Authority had detained the vehicle carrying certain goods to the project site arbitrarily alleging discrepancy in documents. The goods were accompanied with all valid necessary documents (except mismatch in date of invoice as against date mentioned in E-way bill). The authority vide Show Cause Notice had demanded to pay penalty of INR 3.02 lakhs. The amount of penalty had been recovered by the Authority from electronic cash ledger.After release of goods and vehicle, the Company will file an appeal before appellate authority for refund.2024-12-09Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company. Ghana Revenue AuthorityThe branch office of the Company situated in Ghana had received Notice of Assessment with demand of tax along with interest and penalty. The Authority had demanded tax along with interest and penalty on account of re-computation of PAYE tax, non-deduction of withholding tax and late filing of PAYE Tax return & withholding tax return for financial year 2021- 22 and 2022-23. The Authority under the said notice had demanded penalty of GHS 12,369.16 (~INR 0.71 lacs).2024-12-12Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.GST AuthorityThe Company had received an Order under the provisions of Section 74 of the Central Goods and Services Tax Act, 2017 read with relevant provisions of the State Goods and Services Tax Act, 2017 and the rules made thereunder. The authority had demanded penalty for the financial year 2021-22 on grounds of alleged excess claim of Input Tax Credit. The authority under the said Order had demanded to pay penalty of INR 2.26 lakhs. The Company has a strong case to defend the matter before the Authorities and plans to file an appeal against the said Order within prescribed timelines.2024-12-19Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.GST AuthorityThe Company had received revised Assessment Order from Joint Commissioner of Sales Tax (Appeal), CT & GST Territorial Range. The authority had demanded tax and penalty for the period 01.10.2015 to 30.06.2017 on grounds of short payment of tax. The authority under the said Order had demanded to pay penalty of INR 1.18 lakhs.2024-12-24Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.GST AuthorityA consortium wherein the Company is a member had received an Order under the provisions of Section 73 of the State Goods and Services Tax Act, 2017 read with relevant provisions of the Central Goods and Services Tax Act, 2017 (“Act”) and the rules made thereunder from the GST Authority. The authority had demanded interest u/s 50 of the Act and penalty for the financial year 2021-22 on grounds of non-payment of interest on delayed payment of GST liability. The authority under the said Order had demanded to pay penalty of INR 0.79 lakhs. The consortium has a strong case to defend the matter before the Authorities and plans to file an appeal against the said Order within prescribed timelines.2024-12-30Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Income Tax authority (Assessment Year: 2021-22)2024-10-24The Income Tax authority vide an Assessment Order under the provisions of Section 143(3) r.w.s 144C(13) of the Income Tax Act, 1961 (the “Act”) had demanded tax and interest (u/s 156 of the Act) for the A.Y. 2021-22 on the grounds of classification of carbon credit as revenue receipt as against capital receipt, disallowances of certain expenses, transfer pricing adjustment(s). Further, the authorities had not granted credit of taxes paid on buy back of shares (which the Company had already paid as and when due) and had not allowed deduction of claim of dividend u/s 80M which are mistake apparent from records. The authority under the said Order had raised tax demand of INR 64.07 Crores along with interest of INR 9.84 Crores.The Company has filed a rectification application before the authorities to rectify the mistake apparent from records. The Company has also filed an appeal before Hon'ble Income Tax Appellate Tribunal and is awaiting the hearing scheduled by the Authority.Income Tax authority (Assessment Year: 2018-19)2021-10-13Various appeals filed or under process of filing, by the Company, for various assessment year(s), due to disallowance u/s. 80-IA, 14(A), disallowance of various expenses, erroneous estimation of net profit under Block assessment, other disallowances, addition of income, Treating of carbon credit as revenue receipt etc. Total consolidated amount for various assessment years involved in the pending material litigations was ~ INR 80.70 Crores as per the disclosure dated 29th September, 2023 filed by the Company with the stock exchanges.For the Assessment Year 2018-19, the Company had filed detailed written submission. A Hearing was done before CIT(A) and the Company is awaiting Order.Income Tax authority (Assessment Year: 2018-19)2022-11-21Various appeals filed or under process of filing, by the Company, for various assessment year(s), due to disallowance u/s. 80-IA, 14(A), disallowance of various expenses, erroneous estimation of net profit under Block assessment, other disallowances, addition of income, Treating of carbon credit as revenue receipt etc. Total consolidated amount for various assessment years involved in the pending material litigations was ~ INR 80.70 Crores as per the disclosure dated 29th September, 2023 filed by the Company with the stock exchanges.For the Assessment Year 2018-19, the consortium in which the Company is a member has filed written submission before CIT(A) and is awaiting notice of hearing.VAT Authority (Assessment for the period June 2014 to June 20172023-06-27Various appeals filed or under process of filing, by the Company under VAT, CST, Entry Tax - Due to disallowance of Input Tax Credit (on account of disallowance of labour & like charges, alleged non-submission of requisite forms etc.), Works contract Tax credit, enhancing taxable turnover, reduction in refund, levy of Entry Tax etc. Total consolidated amount for various assessment years involved in the pending material litigations was ~ INR 142.86 Crores as per the disclosure dated 29th September, 2023 filed by the Company with the stock exchanges.For Assessment period June 2014 to June 2017, writ petition was filed before High court. The Company is awaiting notice of Hearing.