5262272024-10-012024-12-315262272024-12-315262272024-10-012024-12-31CompositionOfBoardOfDirectors15262272024-12-31CompositionOfBoardOfDirectors15262272024-10-012024-12-31CompositionOfBoardOfDirectors25262272024-12-31CompositionOfBoardOfDirectors25262272024-10-012024-12-31CompositionOfBoardOfDirectors35262272024-12-31CompositionOfBoardOfDirectors35262272024-10-012024-12-31CompositionOfBoardOfDirectors45262272024-12-31CompositionOfBoardOfDirectors45262272024-10-012024-12-31CompositionOfBoardOfDirectors55262272024-12-31CompositionOfBoardOfDirectors55262272024-10-012024-12-31CompositionOfBoardOfDirectors65262272024-12-31CompositionOfBoardOfDirectors65262272024-10-012024-12-31CompositionOfCommittees145262272024-12-31CompositionOfCommittees145262272024-10-012024-12-31CompositionOfCommittees155262272024-12-31CompositionOfCommittees155262272024-10-012024-12-31CompositionOfCommittees165262272024-12-31CompositionOfCommittees165262272024-10-012024-12-31CompositionOfCommittees415262272024-12-31CompositionOfCommittees415262272024-10-012024-12-31CompositionOfCommittees425262272024-12-31CompositionOfCommittees425262272024-10-012024-12-31CompositionOfCommittees435262272024-12-31CompositionOfCommittees435262272024-10-012024-12-31CompositionOfCommittees685262272024-12-31CompositionOfCommittees685262272024-10-012024-12-31CompositionOfCommittees695262272024-12-31CompositionOfCommittees695262272024-10-012024-12-31CompositionOfCommittees705262272024-12-31CompositionOfCommittees705262272024-10-012024-12-31CompositionOfCommittees955262272024-12-31CompositionOfCommittees955262272024-10-012024-12-31CompositionOfCommittees965262272024-12-31CompositionOfCommittees965262272024-10-012024-12-31CompositionOfCommittees975262272024-12-31CompositionOfCommittees975262272024-10-012024-12-31CompositionOfCommittees985262272024-12-31CompositionOfCommittees985262272024-10-012024-12-31CompositionOfCommittees1225262272024-12-31CompositionOfCommittees1225262272024-10-012024-12-31CompositionOfCommittees1235262272024-12-31CompositionOfCommittees1235262272024-10-012024-12-31CompositionOfCommittees1245262272024-12-31CompositionOfCommittees1245262272024-10-012024-12-31CompositionOfCommittees1255262272024-12-31CompositionOfCommittees1255262272024-10-012024-12-31CompositionOfCommittees1265262272024-12-31CompositionOfCommittees1265262272024-12-31MeetingOfBoardOfDirectors15262272024-10-012024-12-31MeetingOfBoardOfDirectors15262272024-12-31MeetingOfBoardOfDirectors25262272024-10-012024-12-31MeetingOfBoardOfDirectors25262272024-10-012024-12-31MeetingOfCommittees15262272024-12-31MeetingOfCommittees15262272024-10-012024-12-31MeetingOfCommittees25262272024-12-31MeetingOfCommittees25262272024-10-012024-12-31MeetingOfCommittees35262272024-12-31MeetingOfCommittees35262272024-09-305262272024-12-31ImpositionOfFineOrPenaltyDomain15262272024-12-31ImpositionOfFineOrPenaltyDomain25262272024-12-31OngoingTaxLitigationsOrDisputesDomain15262272024-12-31OngoingTaxLitigationsOrDisputesDomain25262272024-12-31OngoingTaxLitigationsOrDisputesDomain35262272024-12-31OngoingTaxLitigationsOrDisputesDomain45262272024-12-31OngoingTaxLitigationsOrDisputesDomain55262272024-12-31OngoingTaxLitigationsOrDisputesDomain65262272024-12-31OngoingTaxLitigationsOrDisputesDomain75262272024-12-31OngoingTaxLitigationsOrDisputesDomain8xbrli:pure526227FILATEXNOTLISTEDINE816B01035FILATEX INDIA LIMITED2024-04-012025-03-31Quarterly2024-12-31EquitytruetruefalseThe Company has not acquired any shares/voting rights of unlisted companies during the quarter ended 31st December, 2024.truetruetrueTop 1000 listed entitiestruef00029OriginaltruetrueMrMADHU SUDHAN BHAGERIA00021934Executive DirectorChairperson related to PromoterMD1959-09-04falseActiveNA2003-07-301010MrPURRSHOTTAM BHAGGERIA00017938Executive DirectorNot Applicable1961-09-12falseActiveNA2003-07-301010MrMADHAV BHAGERIA00021953Executive DirectorNot Applicable1963-11-05falseActiveNA2003-07-301000MrRAJENDER MOHAN MALLA00136657Non-Executive - Independent DirectorNot Applicable1963-05-15falseActiveNA2022-09-272022-07-27296685MsMEENAKSHI MALLIK08524108Non-Executive - Independent DirectorNot Applicable1967-06-11falseActiveNA2024-09-272024-08-0851122MrMANISH VIJ00505422Non-Executive - Independent DirectorNot Applicable1978-04-20falseActiveNA2024-09-272024-08-2941110truetruetruetruetrueAudit Committee00021934MADHU SUDHAN BHAGERIAExecutive DirectorMember2015-02-13Audit Committee00136657RAJENDER MOHAN MALLANon-Executive - Independent DirectorMember2022-07-27Audit Committee08524108MEENAKSHI MALLIKNon-Executive - Independent DirectorChairperson2024-10-11Nomination and remuneration committee00021934MADHU SUDHAN BHAGERIAExecutive DirectorMember2015-02-13Nomination and remuneration committee00136657RAJENDER MOHAN MALLANon-Executive - Independent DirectorChairperson2024-10-11Nomination and remuneration committee08524108MEENAKSHI MALLIKNon-Executive - Independent DirectorMember2024-10-11Stakeholders Relationship Committee08524108MEENAKSHI MALLIKNon-Executive - Independent DirectorChairperson2024-10-11Stakeholders Relationship Committee00017938PURRSHOTTAM BHAGGERIAExecutive DirectorMember2003-07-30Stakeholders Relationship Committee00505422MANISH VIJNon-Executive - Independent DirectorMember2024-10-11Risk Management Committee00021934MADHU SUDHAN BHAGERIAExecutive DirectorChairperson2021-07-27Risk Management Committee08524108MEENAKSHI MALLIKNon-Executive - Independent DirectorMember2024-10-11Risk Management Committee00253049ASHOK CHAUHANSenior ExecutiveMember2021-07-27 He is the Senior Executive of the Company.Risk Management Committee00022004RAJIV KUMAR KASTURIASenior ExecutiveMember2021-07-272024-12-10He is the Senior Executive of the Company.Corporate Social Responsibility Committee00021934MADHU SUDHAN BHAGERIAExecutive DirectorChairperson2014-05-30Corporate Social Responsibility Committee08524108MEENAKSHI MALLIKNon-Executive - Independent DirectorMember2024-10-11Corporate Social Responsibility Committee00017938PURRSHOTTAM BHAGGERIAExecutive DirectorMember2014-05-30Corporate Social Responsibility Committee00021953MADHAV BHAGERIAExecutive DirectorMember2014-05-30Corporate Social Responsibility Committee00136657RAJENDER MOHAN MALLANon-Executive - Independent DirectorMember2024-10-112024-08-08true7742024-11-1295true663Audit Committee2024-08-08true5540Audit Committee2024-11-1295true3320Stakeholders Relationship Committee2024-12-23true3320truetruetruetrueYestruetruetrueRAMAN KUMAR JHACompany Secretary and Compliance OfficerfalseRAMAN KUMAR JHACompany Secretary and Compliance OfficerNEW DELHI2025-02-1300000NSEFine of Rs.28,320 (including GST) inposed2024-11-21Delayed re-constitution of the committees after the new appointment of Independent Director.No impact on the financial operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible.BSEFine of Rs.28,320 (including GST) inposed2024-11-21Delayed re-constitution of the committees after the new appointment of Independent Director.No impact on the financial operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible.The company discloses, from time to time, the ongoing tax litigations or other disputes in the contigent liability notes to the financial statements of the company.The Asst. Commissioner, Central GST, Bharuch2022-02-04The Company has filed Writ Petition in Gujarat High Court at Ahmedabad on 17.03.2022 against the demand raised by Asst. Commissioner, Bharuch for Rs. 23.41 Crores in respect of Input Tax Credit on services in the case of inverted duty refunds granted for the period May 2018 to Jan 2021. The demand has been confirmed by Commissioner Appeals. In appeal, the Hon’ble High Court of Gujarat has stayed the demand. The Company is otherwise entitled to avail Input Tax credit of alleged excess refund even if the case is decided against the Company. Thus, there would not be any financial impact of the same. However, the company may have to pay interest which is presently not ascertainable.The Company's Writ Petition which was filed on 17.03.2022 with Gujarat High Court at Ahmedabad against the order-in-original No. OIA No. VAD-CGST-002-APP-ADC-180-211-2021-22 dated 04.02.2022 is pending for final hearing.Joint Commissioner of CGST & Central Excise, Vadodara II2023-06-14Joint Commissioner of CGST & Central Excise, Vadodara has issued Show Cause Notice dated 14.6.2023 proposing to recover GST refund claims of Rs. 74.59 Crores of inverted duty structure for the period January 2018 to October 2019 (except December 2018) on the ground of alleged erroneous refunds which were granted by Assistant Commissioner Bharuch under Rule 89(5) of the CGST Rules. The Company has filed a writ petition with the Hon’ble Gujarat High Court against the order of Joint Commissioner of CGST. The Hon’ble Gujarat High Court has stayed the matter vide its order dated 04.08.2023.The Company's Writ Petition which was filed on 04.07.2023 with Gujarat High Court at Ahmedabad against the Show Cause Notice No V/GST/04/FIL/JC/VAD-II/23-24 dated 14.06.2023 is pending for final hearing.Joint Commissioner of CGST & Central Excise, Vadodara II2023-09-21N.A.Joint Commissioner CGST has issued Show Cause Notice No V/GST/II/FILATEX/VAD-II/2023-24 dated 21.09.2023 and sought to recover sanctioned GST refunds of Inverted Duty Structure, of Rs. 92.20 Crores for the period November 2019 to February 2022 (excluding month of August 2020, May 2021, October 2021 and December 2021). The Company has filed the Writ Petition on 05.10.2023 with Gujarat High Court at Ahmedabad against the Show Cause Notice. Ad Interim Stay has been granted. The matter is pending for hearing.Joint Commissioner of CGST & Central Excise, Vadodara2023-09-27N.A.Joint Commissioner CGST has issued Show Cause Notice No GEXCOM/ADJN/GST/JC/647/2023 dated 27.09.2023 and sought to recover the sanctioned GST refunds of Inverted Duty Structure, of Rs. 120.92 Crores for the period March 2022 to January 2023. The Company has filed the Writ Petition on 14.10.2023 with Gujarat High Court at Ahmedabad against the Show Cause Notice. Ad Interim Stay has been granted. The matter is pending for hearing.Deputy Commissioner of Income Tax (DCIT), Delhi2023-06-14N.A.DCIT has confirmed demand of Income Tax along with interest Rs 42.15 Crores wide order-in-original no. ITBA/AST/S/186/2024-25/1065711414(1) dated 14.06.2024 in respect of certain addition and disallowances in AY 2018-19. Appeal against the order of DCIT has been filed with Commissioner of Income Tax (Appeals) on 21.06.2024. The next date of hearing is awaited. In view of the favourable order received from CIT (Appeals) in earlier financial year in similar matter, the Company does not expect the said order to have any material financial impact.Directorate of Revenue Intelligence, Kolkata2019-07-26Directorate of Revenue Intelligence, Kolkata has issued Show Cause Notice dated 26.07.2019 raising a demand of Rs. 36.99 Crores (IGST amount) on account of alleged violation of conditions of Notification No. 79/2017 – Cus. dated 13.10.2017. The Company filed a writ petition on 21.09.2020 with the Hon’ble Gujarat High Court for stay of proceedings and the Hon’ble High Court, vide its order dated 23.01.2020, has granted stay. In similar matter, in the case of Maxim Tubes Company Pvt Ltd. v. UOI Gujarat high Court has struck down the ‘pre-Import’ condition. The revenue department has gone in appeal to the Hon’ble Supreme court against the said order. The Hon’ble Supreme Court vide its order dated 28th April 2023 has upheld the pre import condition and set aside the judgement of Hon’ble Gujarat High Court. Subsequent to the judgement of the Apex Court in the matter, the Company has provided for the entire demand amount (net of amount already paid) along with applicable interest in FY 2022-23. The Company will be entitled to avail Input Tax Credit of the demand of IGST amount. However, the matter is pending for adjudication.The Company has received an Order-in-original No: 29/DSR(29)/CC(ADJN.)/Mumbai/2024-15 dated 07.08.2024 from Office of the Commissioner of Customs (Adjudication), Mumbai confirming the demand of Rs. 36.99 Crores along with interest. The authority has also imposed a redemption fine of Rs. 8.50 Crores and penalty of Rs.3.25 Crores. The demand confirmed is in relation to pre import condition, which was applicable for a limited period, on imports against advance authorisation. The company has deposited the amount of demand of IGST of Rs. 36.99 Crores and availed the input tax credit of the same. The Company has also deposited interest of Rs 15.26 Crores on recall of bill of entries.The Company has filed an appeal against the order with CESTAT at Ahmedabad on 30.10.2024 which is pending for final hearing. The Company believes that there is a strong case on merit and law, more specifically due to the recent judicial pronouncements and do not expect the said order to have any material financial impact on the Company.Deputy Commissioner of Income Tax (DCIT), Delhi2022-03-31The Income-Tax Department had conducted a search under section 132 of the Income-Tax Act, 1961 at the business premises of the Company on September 01, 2021. Subsequently, the Company has received Income tax demand dated 31.03.2022 of Rs. 44.45 Crores (including interest) for AY 2016-17. The Company has preferred an appeal against the said demand. The company verily believes that there is a fair chance of decision going in its favour, which is based on an expert's opinion, hence no provision is considered necessary against the same.The Commissioner appeals has set aside the entire demand and decided the case in favour of the company vide order in appeal No. DIN: ITBA/GEA/M/2024-25/1064344173(1) dated 25.04.2024. However, the department has gone in appeal with ITAT against the order of the Commissioner Appeals. The matter is pending for hearing.Deputy Commissioner of Income Tax (DCIT), Delhi2022-12-30For AY 2021-22, the Company has received Income tax demand dated 30.12.2022 of Rs. 22.77 Crores (including interest and as revised vide rectification order dated 27.05.2023) from the Income tax department. The Company has preferred an appeal against the same. The company verily believes that there is a fair chance of decision going in its favour, which is based on an expert's opinion, hence no provision is considered necessary against the same.The Commissioner appeals (CIT (Appeal)) vide its order in appeal DIN: ITBA/APL/M/250/2023-24/1060519927(1) dated 05.02.2024 has reduced the demand from 22.77 Crores to Rs 1.86 Crores. The Company has filed rectification application with CIT(A) for deletion of demand of Rs 1.86 crores due to error in computation of the same. Also, the CIT (Appeal) has proposed the addition of Rs. 1.50 Crores in taxable income for which tax liability is yet to be finalised by the CIT (Appeals). The company has filed appeal with ITAT, Delhi against the said addition. The department has gone in appeal with ITAT against the order of the CIT (Appeal). The matter is pending for hearing.