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Independent DirectorChairperson1963-07-04falseActiveNA2022-03-162022-03-16333352MsZOHRA CHATTERJI01382511Non-Executive - Independent DirectorNot Applicable1954-07-20falseActiveNA2020-03-242020-03-24571130MsARUNA SHARMA 06515361Non-Executive - Non Independent DirectorNot Applicable1958-08-19falseActiveNA2022-02-012024-09-302131MrAVTAR SINGH MONGA 00418477Non-Executive - Independent DirectorNot Applicable1960-03-05falseActiveNA2021-04-012021-04-01453320MrUMESH MEHTA 09244647Non-Executive - Non Independent DirectorNot Applicable1966-01-04falseActiveNA2024-03-222024-03-221000MrMADAN BHALCHANDRA GOSAVI10303662Non-Executive - Independent DirectorNot Applicable1958-07-14falseActiveNA2024-05-122024-05-127.21121truetruetruetruetrueAudit Committee00272983UTTAM PRAKASH AGARWALNon-Executive - Independent DirectorChairperson2022-05-09Audit Committee01382511ZOHRA CHATTERJINon-Executive - Independent DirectorMember2020-05-22Audit Committee00418477AVTAR SINGH MONGA Non-Executive - Independent DirectorMember2021-05-22Audit Committee06515361ARUNA SHARMA Non-Executive - Non Independent DirectorMember2022-02-04Audit Committee10303662MADAN BHALCHANDRA GOSAVINon-Executive - Independent DirectorMember2024-05-29Nomination and remuneration committee00418477AVTAR SINGH MONGA Non-Executive - Independent DirectorChairperson2022-02-04Nomination and remuneration committee00272983UTTAM PRAKASH AGARWALNon-Executive - Independent DirectorMember2023-12-21Nomination and remuneration committee09244647UMESH MEHTA Non-Executive - Non Independent DirectorMember2024-05-11Stakeholders Relationship Committee10303662MADAN BHALCHANDRA GOSAVINon-Executive - Independent DirectorChairperson2024-05-29Stakeholders Relationship Committee00272983UTTAM PRAKASH AGARWALNon-Executive - Independent DirectorMember2023-12-21Stakeholders Relationship Committee01382511ZOHRA CHATTERJINon-Executive - Independent DirectorMember2020-07-30Risk Management Committee09244647UMESH MEHTA Non-Executive - Non Independent DirectorChairperson2024-05-29Risk Management Committee00272983UTTAM PRAKASH AGARWALNon-Executive - Independent DirectorMember2022-07-29Risk Management Committee00418477AVTAR SINGH MONGA Non-Executive - Independent DirectorMember2021-10-25Risk Management Committee06515361ARUNA SHARMA Non-Executive - Non Independent DirectorMember2022-02-04Risk Management Committee99999999HARISH SHENOY Chief Operating Officer & Chief Risk OfficerMember2022-02-042024-10-30Mr. Harish Shenoy was ceased to be a member of Risk Management Committee with effect from October 30, 2024Risk Management Committee99999999Raj Kumar Ahuja Acting Chief Executive OfficerMember2024-10-30 Mr. Raj Kumar Ahuja is appointed as member of Risk Management Committee with effect from October 30, 2024.Corporate Social Responsibility Committee01382511ZOHRA CHATTERJINon-Executive - Independent DirectorChairperson2021-10-25Corporate Social Responsibility Committee06515361ARUNA SHARMA Non-Executive - Non Independent DirectorMember2023-12-20Corporate Social Responsibility Committee10303662MADAN BHALCHANDRA GOSAVINon-Executive - Independent DirectorMember2024-05-292024-07-01true6642024-08-1443true6642024-10-3076true654Audit Committee2024-08-14true5540Audit Committee2024-10-3076true5540Nomination and remuneration committee2024-08-14true3320Nomination and remuneration committee2024-10-3076true3320Risk Management Committee2024-08-01true5421Risk Management Committee2024-10-0766true5521Stakeholders Relationship Committee2024-05-29true3220Stakeholders Relationship Committee2024-08-1476true3330truetruetruetrueYestruetruetrueVARIKA RASTOGICompany Secretary and Compliance OfficerfalseVARIKA RASTOGICompany Secretary and Compliance OfficerNAVI MUMBAI2025-01-2801100Mauritius Revenue AuthorityIncome tax Return -FY23-24.2024-10-03Late submission of Income Tax return and late payment of Income tax.Penalty - MUR 13,993State of DelawareDelaware Franchise Tax for 2022-23.2024-12-16Late payment of Annual Franchise Tax for FY 2022-23Penalty - USD 2001. The appeal has been filed before the Honble Bombay High Court against the appeal arising from order of Income-tax Appellate Tribunal wherein assessment order of Rs. 7.49 Crores was determined for AY 2006-07 passed u/s 143(3) r.w.s 144C(13) by Income- tax Department. 2. The appeal has been filed before ITAT against the appeal arising from order of CIT(A) wherein assessment order of Rs. 35.55 Crores was determined for AY 2007-08 passed u/s 143(3) r.w.s 144C(13) by Income- tax Department. 3. The appeal has been filed before the Honble Income Tax Appellate Tribunal, Mumbai, against the assessment order for AY 2008-09 passed u/s 143(3) r.w.s 144C(13) by Income- tax Department, wherein order of Rs. 28.22 Crores was demanded. 4. Hon'ble Supreme Court, has pronounced an order on August 14, 2023 (received by us on August 16, 2023), in relation to the matter of levy of Service Tax amounting Rs. 86.42 Crore against the order passed by the Service Tax Department, wherein demand amounting Rs. 51.24 Crore (out of total amount of Rs. 86.42 Crore ) has been set aside by the Supreme Court on the ground that classification mentioned in the show cause notice viz. management, maintenance and repair services is erroneous and the rest of the matter has been remanded back to the adjudicating authority for reconsideration of the matter. 5. The appeal has been filed before the CIT(A) against the Assessment Order for AY 2014-15 of Rs. 35.85 crores passed u/s 147 dated 18.05.2023 by Income-tax Department whereby tax demand as per Order was determined at Rs 29.92 Crores. 6. The appeal has been filed before the CIT(A) against the Penalty Order for AY 2013-14 of Rs. 14.14 crores passed u/s 271G dated 30.03.2022 by Income-tax Department. 7. Received final order from CESTAT in Company's favaur. Department filed appeal to Supreme Court against the penalty order of Rs. 9.68 Crores. 8.The appeal has been filed before the Honble Income Tax Appellate Tribunal, Mumbai, against the assessment orderof for AY 2009-10 passed u/s 143(3) r.w.s 144C(13) by Income- tax Department. Penalty amount - Rs. 5.04 Crores. 9. The appeal has been filed before the CIT(A) against the Assessment Order for AY 2011-12 passed u/s 143(3)/144C dated 12.05.2015 by Income-tax Department. Penalty amount -Rs. 5.18 Crores.Assistant Commissioner of Income-tax2010-10-25The appeal has been filed before the Hon’ble Bombay High Court against the appeal arising from order of Income-tax Appellate Tribunal wherein assessment order passed by Income-tax Department has been upheld. However, based on judicial precedents available and due to availability of tax losses as per return, there will be no cash outflow to the Company. The said dispute is filed due to disallowance of expenditure treating it as capital expenditure. (Revenue neutral ground). [Amount Involved -Rs. 7.49 Crores]No change in the status since the last disclosure made on August 12, 2023.Assistant Commissioner of Income-tax2011-09-19The appeal has been filed before ITAT against the appeal arising from order of CIT(A) wherein assessment order for AY 2007-08 passed u/s 143(3) r.w.s 144C(13) by Income- tax Department [Amount Involved - Rs. 33.55 Crores]No change in the status since the last disclosure made on August 12, 2023.Dy. Commissioner of Income Tax2022-11-28The appeal has been filed before the Hon’ble Income Tax Appellate Tribunal, Mumbai, against the assessment order passed by jurisdictional Income-tax Authority. However, based on judicial precedents available and due to availability of tax losses as per return, there will be no cash outflow to the Company. The said dispute is filed due to following: 1. Disallowance of Transfer Pricing adjustment for corporate chargeout and Gurantee Commission. 2. Disallowance u/s. 14A of the Income Tax Act, 1961. 3. Short deduction u/s 10A of the Income Tax Act, 1961. 4. Not allowing deduction of expenses incurred towards issue of FCCB/ Bonus Shares. [Amount Involved -Rs. 28.22 Crores]No change in the status since the last disclosure made on August 12, 2023.Commissioner of Service Tax, Mumbai2018-09-18The appeal has been filed before the Hon’ble Supreme Court against demand order of Service Tax Department. However, based on judicial precedents available on the said issue, we are of view that there will be no cash outflow to the Company. The said dispute is related to levy of service tax on services or sales shown as Product Sales (Hardware) or Tax-Free Services (Exempt) on which Value Added Tax (‘VAT’) has already been paid. The said dispute is related to levy of service tax on services or sales shown as Product Sales (Hardware) or Tax-Free Services (Exempt) on which Value Added Tax (‘VAT’) has already been paid. Thereafter Hon'ble Supreme Court, has pronounced an order on August 14, 2023 (received by us on August 16, 2023), in relation to the matter of levy of Service Tax amounting Rs. 86.42 Crore against the order passed by the Service Tax Department, wherein demand amounting Rs. 51.24 Crore (out of total amount of Rs. 86.42 Crore ) has been set aside by the Supreme Court on the ground that classification mentioned in the show cause notice viz.” management, maintenance and repair services” is erroneous [Amount Involved- Rs. 35.18 Crores]No change in the status since the last disclosures made on August 12 and August 17, 2023.Dy. Commissioner of Income Tax2014-02-27The appeal has been filed before the Hon’ble Income Tax Appellate Tribunal, Mumbai against the assessment order passed by jurisdictional Income-tax Authority. However, based on judicial precedents available and due to availability of tax losses as per return, there will be no cash outflow to the Company. The said dispute is filed due to following: • Tax was Computed under the MAT income though various addition made to normal income • There is an increase in Disallowance u/s. 14A of Income Tax Act, 1961. [Amount Involved -Rs. 5.04 Crores]No change in the status since the last disclosure made on August 12, 2023.Dy. Commissioner of Income Tax2015-05-12The appeal has been filed before the Hon’ble Income Tax Appellate Tribunal, Mumbai, against the assessment order passed by jurisdictional Income-tax Authority. However, based on judicial precedents available and due to availability of tax losses as per return, there will be no cash outflow to the Company. The said dispute is filed due to following: • Tax was Computed under the MAT income through various addition made to normal income. • There is an increase in Disallowance u/s. 14A of Income Tax Act, 1961. [Amount Involved- Rs. 5.18Crores]No change in the status since the last disclosure made on August 12, 2023.Assessment Unit Income Tax Department2023-05-18The appeal has been filed before the CIT(A) against the Assessment Order for AY 2014-15 of Rs. 35.85 crores passed u/s 147 dated 18.05.2023 by Income-tax Department whereby tax demand as per Order was determined at Rs 29.92 Crores. [Amount Involved -Rs. 29.92 Crores]Pending before CIT (A)Jt. Commissioner of Income-tax(OSD), (Transfer Pricing)2022-03-30The appeal has been filed before the CIT(A) against the Penalty Order for AY 2013-14 of Rs. 14.14 crores passed u/s 271G dated 30.03.2022 by Income-tax Department. [Amount Involved -Rs. 14.14 Crores]Pending before CIT (A)Commissioner of Service Tax, Mumbai2012-04-26Received final order from CESTAT in Company's favaur. Department filed appeal to Supreme Court. [Amount Involved -Rs. 9.68 Crores]Pending before Supreme Court