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Independent DirectorNot Applicable1964-05-02falseActiveNA2019-12-242022-12-2460.085574MsAKILA KRISHNAKUMAR06629992Non-Executive - Independent DirectorNot Applicable1962-03-31falseActiveNA2019-12-242022-12-2460.084420MsMEENA GANESH00528252Non-Executive - Independent DirectorNot Applicable1963-08-31falseActiveNA2023-05-242023-05-2419.083341MrNUGURI VENU07032076Executive DirectorNot ApplicableCEO-MD1965-09-17falseActiveNA2019-12-022022-12-021020MrACHIM MICHAEL BRAUN08596097Non-Executive - Non Independent DirectorChairperson related to Promoter1969-02-20falseActiveNA2021-02-252021-02-251000PAN details of Mr. Achim Michael Braun is not provided because he is a foreign national.MrISMO ANTERO HAKA08598862Non-Executive - Non Independent DirectorNot Applicable1963-05-16falseActiveNA2021-02-252021-02-251010PAN details of Mr. Ismo Antero Haka is not provided because he is a foreign national.truetruetruetruetrueAudit Committee01452839MUKESH HARI BUTANINon-Executive - Independent DirectorChairperson2019-12-24Audit Committee06629992AKILA KRISHNAKUMARNon-Executive - Independent DirectorMember2019-12-24Audit Committee00528252MEENA GANESHNon-Executive - Independent DirectorMember2023-05-24Audit Committee07032076NUGURI VENUExecutive DirectorMember2019-12-24Nomination and remuneration committee06629992AKILA KRISHNAKUMARNon-Executive - Independent DirectorChairperson2019-12-24Nomination and remuneration committee01452839MUKESH HARI BUTANINon-Executive - Independent DirectorMember2023-05-24Nomination and remuneration committee08596097ACHIM MICHAEL BRAUNNon-Executive - Non Independent DirectorMember2021-02-26Stakeholders Relationship Committee00528252MEENA GANESHNon-Executive - Independent DirectorChairperson2023-05-24Stakeholders Relationship Committee01452839MUKESH HARI BUTANINon-Executive - Independent DirectorMember2019-12-24Stakeholders Relationship Committee07032076NUGURI VENUExecutive DirectorMember2019-12-24Stakeholders Relationship Committee08598862ISMO ANTERO HAKANon-Executive - Non Independent DirectorMember2021-02-26Risk Management Committee01452839MUKESH HARI BUTANINon-Executive - Independent DirectorChairperson2019-12-24Risk Management Committee00528252MEENA GANESHNon-Executive - Independent DirectorMember2023-05-24Risk Management Committee08598862ISMO ANTERO HAKANon-Executive - Non Independent DirectorMember2021-02-26Risk Management Committee07032076NUGURI VENUExecutive DirectorMember2019-12-24Risk Management Committee99999999AJAY SINGHChief Financial OfficerMember2019-12-24Mr. Ajay Singh, Chief Financial Officer of the Company is the Member of Risk Management Committee.Corporate Social Responsibility Committee06629992AKILA KRISHNAKUMARNon-Executive - Independent DirectorChairperson2019-12-24Corporate Social Responsibility Committee08596097ACHIM MICHAEL BRAUNNon-Executive - Non Independent DirectorMember2021-02-26Corporate Social Responsibility Committee07032076NUGURI VENUExecutive DirectorMember2019-12-24Other Committee00528252MEENA GANESHEnvironmental Social and Governance CommitteeNon-Executive - Independent DirectorChairpersonOther Committee06629992AKILA KRISHNAKUMAREnvironmental Social and Governance CommitteeNon-Executive - Independent DirectorMemberOther Committee07032076NUGURI VENUEnvironmental Social and Governance CommitteeExecutive DirectorMemberOther Committee08596097ACHIM MICHAEL BRAUNEnvironmental Social and Governance CommitteeNon-Executive - Non Independent DirectorMember2024-07-24true6632024-08-2127true6632024-10-2968true663Corporate Social Responsibility Committee2024-07-24true3310Corporate Social Responsibility Committee2024-10-2996true3310Stakeholders Relationship Committee2024-07-24true4420Stakeholders Relationship Committee2024-10-2996true4420Risk Management Committee2024-10-29true4421Audit Committee2024-07-24true4430Audit Committee2024-10-2996true4430Nomination and remuneration committee2024-08-21true3320truetruetruetrueYestruetruetruePoovanna AmmatandaCompany Secretary and Compliance OfficerfalsePoovanna AmmatandaCompany Secretary and Compliance OfficerBengaluru2025-02-1305500Labour Judge, District and Sessions Court, Jagdalpur, Bastar, Chhattisgarh.The Company has received an order from Labour Judge, District and Sessions Court, Jagdalpur, Bastar imposing a fine of Rs. 10,000 for violation of Section 47 of the Building and Other Construction Workers’ (Regulation of Employment and Conditions of Service) Act, 1996 and the Building and Other Construction Workers’ (Regulation of Employment and Conditions of Service) Central Rules,1998.2024-12-17Pursuant to the Building and Other Construction Workers’ (Regulation of Employment and Conditions of Service) Central Rules,1998, the following violations were alleged: i. Rule 246 (failure to provide tea & light refreshment to building worker): arrangement shall be made by the employer employing building workers at such place for serving tea and light refreshment to such building workers at such place where not less than 250 building workers are employed. ii. Rule 223 (c) & (d) – maintaining of medical certificate: Medical certificates in Form XI for workers are maintained. Rule 223 (d) requires maintaining of health register as per Form XII for persons employed in building and other construction work involving hazardous processes. iii. Rule 226 – failure to provide ambulance room: Ambulance Room should be present at the site. iv. Rule 228 – arrangement of stretchers: Sufficient numbers of stretchers should be available. v. Rule 239 & 26(3) read along with Section 46 of the Building and Other Construction Workers’ (Regulation of Employment and Conditions of Service) Act, 1996 – failure to intimate regarding commencement of work. Commencement of work to be notified.The Company does not expect any material impact except for payment of fine of Rs. 10,000.Assessing officer / Dispute Resolution Panel2024-07-06The assessment proceedings for FY 2019-20 was completed and the Assessing Officer had issued draft assessment order (instead of issuing the final order). Against the draft assessment order, the Company filed an application before the Dispute Resolution Panel (DRP) and the DRP confirmed the assessment. Since the directions provided by DRP were against the provisions of law, the Company filed a Writ Petition before honourable High Court of Karnataka. The High Court passed an interim order on July 10, 2024 and stayed further proceedings relating to this assessment. The tax amount under litigation is INR 38.28 crores.The High Court passed an interim order on July 10, 2024 and stayed further proceedings relating to this assessment. Accordingly, the hearing on merits is awaited.Assistant Commissioner of Commercial Taxes, Bengaluru2024-09-02The Company received an order from GST authorities in respect of GST audit conducted for Karnataka in relation to FY 2019-20. There is tax demand of INR 46.29 Crore (GST – INR 24.41 Crore plus interest & penalty – INR 21.87 Crore). The Company filed an Appeal on December 2, 2024 before Joint Commissioner of Commercial Taxes, Bengaluru.Hearing for appeal filed on December 2, 2024 before Joint Commissioner of Commercial Taxes, Bengaluru is concluded. The Company awaits the order.Assistant Commissioner of Commercial Taxes, Bengaluru2022-03-02Post de-merger, non-novated transactions were carried out with ABB India Limited ('ABB') in FY 2019-20 & FY 2020-21 and offshore sales by transfer of documents of title to the goods were transacted. The goods moved from a country (other than India) and where destined for Nepal / Bangladesh / Sri Lanka. While raising invoice on ABB we had charged GST. However, since these transactions were carried out entirely outside India, no GST should have been charged. Accordingly, The Company had issued credit Note to ABB and lodged refund claim of INR 14.41 Crores with GST authorities. The Company filed an Appeal on June 3, 2022 before Joint Commissioner of Commercial Taxes, Bengaluru and same was rejected on December 26, 2023 and September 24, 2024.Awaiting the formation of Goods and Service Tax Tribunal for filing appeals against the Joint Commissioner of Commercial Taxes (Appeals) order.Deputy Commissioner of Commercial Taxes, Vadodara2023-10-28In respect of Q2 FY 2022-23, refund claim of INR 19.39 Crores has been rejected by Deputy Commissioner of Commercial Taxes, Vadodara. The Company is eligible for refund in respect of export turnover of both goods and services. However, turnover relating to services was not considered by tax authorities. Further, Input Tax Credit (ITC) amount was considered as NIL in refund computation. Accordingly, the Company filed an Appeal on January 24, 2024 before Additional Commissioner (Appeals), Vadodara and the same has been rejected on October 25, 2024.Awaiting the formation of Goods and Service Tax Tribunal for filing appeal against the order.Assistant Commissioner of Commercial Taxes, Bengaluru2024-08-19In respect of Q3 and Q4 of FY 2022-23 (Karnataka) refund claim of INR 22.3 Crores has been rejected by Assistant Commissioner of Commercial Taxes, Bengaluru. Goods and Service Tax (GST) Authority contends that in respect of reverse charge GST paid on import of services, no refund can be claimed since such imported services are not for furtherance of business. The Company filed an Appeal on November 19, 2024 before Joint Commissioner of Commercial Taxes, Bengaluru.Hearing for appeal filed on November 19, 2024 before Joint Commissioner of Commercial Taxes, Bengaluru is concluded. The Company awaits the order.Deputy Commissioner of Commercial Taxes, Vadodara2023-11-03In respect of Q3 & Q4 of FY 2021-22, Input Tax Credit (ITC) refund of INR 10.51 crores was received. Subsequently, pursuant to internal review by Goods and Service Tax authorities, they filed an appeal before Additional Commissioner of GST seeking to deny the refund. The Company filed cross objection on April 17, 2024 before Additional Commissioner (Appeals), Vadodara and the same has been rejected on October 25, 2024.Awaiting the formation of Goods and Service Tax Tribunal for filing appeal against the order.Deputy Commissioner of Commercial Taxes, Vadodara2023-05-17In respect of Q3 & Q4 of FY 2020-21, Input Tax Credit (ITC) refund of INR 10.88 crores was received. Subsequently, pursuant to internal review by Goods and Service Tax (GST) authorities, they filed an appeal before Additional Commissioner of GST seeking to deny the refund. The Company filed an Appeal on August 16, 2023 before Additional Commissioner (Appeals), Vadodara and the same has been rejected on October 27, 2023. Writ Petitions have also been filed before Gujarat High Court against such rejections. The Writ Petitions have been admitted by Gujarat High Court and notice has been issued to the Department for submitting response.The Company is awaiting the Hearing date for furtherance of proceeding.Deputy Commissioner of Commercial Taxes, Vadodara2023-05-17In respect of Q1 of FY 2021-22, Input Tax Credit (ITC) refund of INR 12.08 crores was received. Subsequently, pursuant to internal review by Goods and Service Tax (GST) authorities, they filed an appeal before Additional Commissioner of GST seeking to deny the refund. The Company filed an Appeal on August 16, 2023 before Additional Commissioner (Appeals), Vadodara and the same has been rejected on October 27, 2023. The Company also filed Writ Petitions before Gujarat High Court against such rejections. The Writ Petitions have been admitted by Gujarat High Court and notice has been issued to the Department for submitting response.The Company is awaiting the Hearing date for furtherance of proceeding.