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FIRST LIMITED2024-04-012025-03-31Quarterly2024-12-31EquitytruetruefalseNot applicable during the reporting quartertruetruetrueTop 2000 listed entitiestruec00201OriginaltruetrueMrASHOK JAIPURIA00214707Executive DirectorChairpersonMD1953-09-11falseActiveNA1976-10-102024-04-022100MrANIL KUMAR JAIN00027911Executive DirectorNot Applicable1951-03-18falseActiveNA2011-05-242024-08-021121MrsALPANA PARIDA06796621Non-Executive - Independent DirectorNot Applicable1963-01-22falseActiveNo2014-02-142024-05-15682240MrHOSHANG NOSHIRWAN SINOR00074905Non-Executive - Independent DirectorNot Applicable1944-12-05falseActiveYes2019-07-252015-05-222020-05-221151111MrPRATIP CHAUDHURI00915201Non-Executive - Non Independent DirectorNot Applicable1953-09-12falseActiveNo2014-11-102019-05-152220MrRAKESH NANGIA00147386Non-Executive - Independent DirectorNot Applicable1954-07-30falseActiveNo2020-11-102020-11-10501111MrANIL WADHWA08074310Non-Executive - Independent DirectorNot Applicable1957-05-26falseActiveNo2018-05-232023-05-23802230MrARJUN SINGH01942319Non-Executive - Independent DirectorNot Applicable1960-11-03falseActiveNo2021-10-272021-10-27381110MrYASH PAL SYNGAL01486597Non-Executive - Independent DirectorNot Applicable1962-03-01falseActiveNo2023-11-082023-11-08141110truetruetruetruetrueAudit Committee00147386RAKESH NANGIANon-Executive - Independent DirectorChairperson2020-11-10Audit Committee08074310ANIL WADHWANon-Executive - Independent DirectorMember2019-05-15Audit Committee00915201PRATIP CHAUDHURINon-Executive - Non Independent DirectorMember2014-11-10Audit Committee01942319ARJUN SINGHNon-Executive - Independent DirectorMember2024-05-15Nomination and remuneration committee00074905HOSHANG NOSHIRWAN SINORNon-Executive - Independent DirectorChairperson2019-02-13Nomination and remuneration committee00214707ASHOK JAIPURIAExecutive DirectorMember2003-05-06Nomination and remuneration committee06796621ALPANA PARIDANon-Executive - Independent DirectorMember2024-05-15Nomination and remuneration committee01942319ARJUN SINGHNon-Executive - Independent DirectorMember2024-05-15Stakeholders Relationship Committee00074905HOSHANG NOSHIRWAN SINORNon-Executive - Independent DirectorChairperson2024-05-15Stakeholders Relationship Committee00027911ANIL KUMAR JAINExecutive DirectorMember2019-05-15Stakeholders Relationship Committee01486597YASH PAL SYNGALNon-Executive - Independent DirectorMember2024-05-15Risk Management Committee00214707ASHOK JAIPURIAExecutive DirectorChairperson2021-05-20Risk Management Committee00027911ANIL KUMAR JAINExecutive DirectorMember2021-05-20Risk Management Committee01942319ARJUN SINGHNon-Executive - Independent DirectorMember2021-10-27Risk Management Committee01486597YASH PAL SYNGALNon-Executive - Independent DirectorMember2024-05-15Risk Management Committee02815660PANKAJ PODDARCHIEF EXECUTIVE OFFICERMember2021-05-20 Mr. Pankaj Poddar is the Chief Executive Officer of the Company Risk Management Committee00060249NEERAJ JAINCHIEF FINANCIAL OFFICERMember2021-05-20Mr. Neeraj Jain is the Chief Financial Officer of the Company Corporate Social Responsibility Committee08074310ANIL WADHWANon-Executive - Independent DirectorChairperson2020-11-10Corporate Social Responsibility Committee00214707ASHOK JAIPURIAExecutive DirectorMember2014-02-14Corporate Social Responsibility Committee06796621ALPANA PARIDANon-Executive - Independent DirectorMember2014-02-14Corporate Social Responsibility Committee00027911ANIL KUMAR JAINExecutive DirectorMember2019-05-15Corporate Social Responsibility Committee01486597YASH PAL SYNGALNon-Executive - Independent DirectorMember2024-05-152024-08-08true9742024-11-1396true996Audit Committee2024-08-08true4320Audit Committee2024-11-1396true4430Nomination and remuneration committee2024-08-08true4210Nomination and remuneration committee2024-11-1396true4430Stakeholders Relationship Committee2024-08-08true3210Stakeholders Relationship Committee2024-11-1396true3320Risk Management Committee2024-10-09true4422truetruetruetrueYestruetruetrueJYOTI DIXITCompany Secretary and Compliance OfficerfalseJYOTI DIXITCompany Secretary and Compliance OfficerNEW DELHI2025-02-1302200Department of Labour, Govt. of KarnatakaDepartment issued Notice, and asked to show documents pertaining to compliance under various labour laws, at Zigly HSR Layout, Bengaluru Retail Store.2024-12-20Department alleged certain discrepancies in compliance under various labour laws, at Zigly HSR Layout, Bengaluru Retail Store.Financial Implication: NIL Remarks: requried labour records were duly submmited to Labour Department.Deputy Commissioner of Income Tax, Circle 4(2), New Delhi2024-09-13Not ApplicableDescription: The company has filed revised claim for enhanced deduction u/s 80-IA basis the market price of energy generated for captive consumption in line with the law laid by Hon'ble Supreme Court (FYs 2016-17 to 2022-23) Current Status: The enhanced claims have been made at various levels from Assessing Authority to ITAT and are currently pending adjudication Remarks: A favourable outcome will result in reduction of tax expenses and corresponding increase in profits Tax Impact / (Benefit): INR (37.12) CroresDeputy Commissioner of Income Tax, Circle 4(2), New Delhi2021-05-17Not ApplicableDescription: The company has filed revised claim of deduction u/s10AA in line with the law laid down by Hon'ble Supreme Court (FYs 2015-16 to 2018-19) Current Status: The claim of the company is pending before various authorities including Assessing Authority, CIT(A) and ITAT Remarks: A favourable outcome will result in reduction of tax expenses and corresponding increase in profits. Tax Impact / (Benefit): INR (25.99) CroresDeputy Commissioner of Income Tax, Circle 4(2), New Delhi2022-04-21Not ApplicableDescription: The Company has made additional claim that the receipts under MEIS scheme are in the nature of Capital Receipt, hence not liable to tax (FYs 2015-16 to 2019-20) Current Status: The claim of the company is pending before various authorities including Assessing Authority, CIT(A) and ITAT Remarks: A favourable outcome will result in reduction of tax expenses and corresponding increase in profits Tax Impact / (Benefit): INR (23.85) CroresDeputy Commissioner of Income Tax, Circle 4(2), New Delhi2006-03-31Not ApplicableDescription: The deduction claimed by the company u/s 80HHC was partially disallowed by the assessing authority (FY 2002-03) Current Status: The appeal of the company has been admitted by the Hon'ble Supreme Court and is currently pending. The tax demand has been deposited Remarks: The tax demand has been deposited by the company Tax Impact / (Benefit): INR 4.84 CroresDeputy Commissioner of Income Tax, Circle 4(2), New Delhi2014-02-08Not ApplicableDescription: Transfer Pricing Adjustments were made on account of imputed interest on receivables during assessment (FY 2008-09 to 2012-13, 2016-17, 2019-20 to 2020-21) Current Status: The company's appeals are currently pending before ITAT Tax Impact / (Benefit): INR 3.56 CroresDeputy Commissioner of Income Tax, Circle 4(2), New Delhi2021-09-29Not ApplicableDescription: Incorrect Computation of MAT (FY 2017-18 and 2018-19) Current Status: The company's appeals are currently pending before CIT(A) Tax Impact / (Benefit): INR 3.36 CroresDeputy Commissioner of Income Tax, Circle 4(2), New Delhi2014-02-08Not ApplicableDescription: Various additions and/ or disallowances made by the assessing authority (FY 2008-09 to 2010-11, 2017-18 and 2018-19) Current Status: The company's appeals are pending before various forum Tax Impact / (Benefit): INR 1.97 CroresDeputy Commissioner of Income Tax, Circle 4(2), New Delhi2001-03-29Not ApplicableDescription: a.) The company has made claim for exclusion of the benefit arising due to assignment of deferred sales tax liability in favour of a third party, which was disallowed by the assessing authority (FY 1997-98) b.) The assessing authority imposed penalty on account of the above disallowance. On appeal the ITAT deleted the penalty and the department's has appealed against the same Current Status: The appeal of the Company has been admitted by the Hon'ble Delhi High Court and is currently pending Remarks: The department's appeal against deletion of penalty by ITAT has been dismissed by the Hon'ble Delhi High Court on 3rd Feb 2025 Tax Impact / (Benefit): INR 1.40 CroresDeputy Commissioner of Income Tax, Circle 4(2), New Delhi2021-09-29Not ApplicableDescription: The claim of the company for deduction u/s 80G with respect to amount paid to Cosmo Foundation for CSR expenses has been disallowed (FY 2017-18, 2019-20, 2020-21) Current Status: The appeals of the company are currently pending before CIT(A) and ITAT Tax Impact / (Benefit): INR 1.15 CroresDeputy Commissioner of Income Tax, Circle 4(2), New Delhi2008-12-30Not ApplicableDescription: a.) The department has filed appeals against ITAT orders allowing the company's claim for additional depreciation u/s 32(1)(iia), which was disallowed during the assessment. (FY 2003-04 to 2005-06) b.) The company's claim for additional depreciation u/s 32(1)(iia) had been disallowed by the assessing authority (FY 2005-06, 2009-10 to 2011-12) Current Status: a) The department's appeal for FY 2003-04 and 2004-05 have been dismissed and that for FY 2005-06 is pending before the Hon'ble Delhi High Court b) The appeals of company for FY 2009-10 to 2011-12 are pending before ITAT Remarks: Based on the favourable order of ITAT and subsequent dismissal of department's appeals for FY 2003-04 and 2004-05, the company does not foresee any impact of this litigation on its financial position Tax Impact / (Benefit): NilDeputy Commissioner of Income Tax, Circle 4(2), New Delhi2024-01-15Not ApplicableDescription: The assessing authority/ CPC has not granted credit for the tax of INR 24.22 crore paid by Company on buyback of shares due to mismatch of heading/ sub-heading (FY 2022-23) Current Status: The Company has filed an application for rectification of mistake u/s 154 before the assessing authority and an appeal before the CIT(A), which are currently pending Remarks: The tax has already been paid, hence no impact on financial position of the company Tax Impact / (Benefit): NilDeputy Commissioner of Income Tax, Circle 4(2), New Delhi2008-12-30Not ApplicableDescription: a) The subsidy granted by the Government of Maharashtra in the form of Sales Tax Exemption under the Dispersal of Industries Package Scheme of Incentives, 1993 was treated as "revenue receipt" by the assessing authority, as against the "capital receipt" claimed by company. b) The company's appeals for FY 2003-04 to 2007-08 were decided favourably by the ITAT (FY 2005-06, 2008-09 to 2012-13, Involving a demand of INR 6.20 Crores)) Current Status: a) The department's appeal for FY 2003-04 and 2004-05 have been dismissed and that for FY 2005-06 is pending before the Hon'ble Delhi High Court b) The appeals of company for FY 2008-09 to 2012-13 are pending before ITAT Remarks: Based on the dismissal of department's appeal for FY 2003-04 and 2004-05 by the Hon'ble Delhi High Court, the company does not foresee any impact of this litigation on its financial position Tax Impact / (Benefit): NilAdditional Commissioner of CGST and Excise2023-12-05Not ApplicableDescription: The assessing authority has raised a demand on account of mismatch of ITC between GSTR-2A and GSTR-3B (Period: FY 2017-18 to 2020-21, involving a demand of INR 15.24 crores)) Current Status: The company's appeal is pending before the first appellate authority Remarks: The company does not foresee any impact of this litigation on its financial position Tax Impact / (Benefit): NilAssistant Commissioner of GST2023-12-05Not ApplicableDescription:The assessing authority has passed orders disallowing the claim of ITC (Period: FY 2017-18, Involving various demands amounting to INR 2.58 crores) Current Status: The company's appeal is pending before the first appellate authority Remarks: The company does not foresee any impact of this litigation on its financial position Tax Impact / (Benefit): Nil