5114732024-10-012024-12-315114732024-12-315114732024-10-012024-12-31CompositionOfBoardOfDirectors15114732024-12-31CompositionOfBoardOfDirectors15114732024-10-012024-12-31CompositionOfBoardOfDirectors25114732024-12-31CompositionOfBoardOfDirectors25114732024-10-012024-12-31CompositionOfBoardOfDirectors35114732024-12-31CompositionOfBoardOfDirectors35114732024-10-012024-12-31CompositionOfBoardOfDirectors45114732024-12-31CompositionOfBoardOfDirectors45114732024-10-012024-12-31CompositionOfBoardOfDirectors55114732024-12-31CompositionOfBoardOfDirectors55114732024-10-012024-12-31CompositionOfBoardOfDirectors65114732024-12-31CompositionOfBoardOfDirectors65114732024-10-012024-12-31CompositionOfBoardOfDirectors75114732024-12-31CompositionOfBoardOfDirectors75114732024-10-012024-12-31CompositionOfCommittees145114732024-12-31CompositionOfCommittees145114732024-10-012024-12-31CompositionOfCommittees155114732024-12-31CompositionOfCommittees155114732024-10-012024-12-31CompositionOfCommittees165114732024-12-31CompositionOfCommittees165114732024-10-012024-12-31CompositionOfCommittees175114732024-12-31CompositionOfCommittees175114732024-10-012024-12-31CompositionOfCommittees185114732024-12-31CompositionOfCommittees185114732024-10-012024-12-31CompositionOfCommittees415114732024-12-31CompositionOfCommittees415114732024-10-012024-12-31CompositionOfCommittees425114732024-12-31CompositionOfCommittees425114732024-10-012024-12-31CompositionOfCommittees435114732024-12-31CompositionOfCommittees435114732024-10-012024-12-31CompositionOfCommittees445114732024-12-31CompositionOfCommittees445114732024-10-012024-12-31CompositionOfCommittees455114732024-12-31CompositionOfCommittees455114732024-10-012024-12-31CompositionOfCommittees685114732024-12-31CompositionOfCommittees685114732024-10-012024-12-31CompositionOfCommittees695114732024-12-31CompositionOfCommittees695114732024-10-012024-12-31CompositionOfCommittees705114732024-12-31CompositionOfCommittees705114732024-12-31MeetingOfBoardOfDirectors15114732024-10-012024-12-31MeetingOfBoardOfDirectors15114732024-12-31MeetingOfBoardOfDirectors25114732024-10-012024-12-31MeetingOfBoardOfDirectors25114732024-12-31MeetingOfBoardOfDirectors35114732024-10-012024-12-31MeetingOfBoardOfDirectors35114732024-10-012024-12-31MeetingOfCommittees15114732024-12-31MeetingOfCommittees15114732024-10-012024-12-31MeetingOfCommittees25114732024-12-31MeetingOfCommittees25114732024-10-012024-12-31MeetingOfCommittees35114732024-12-31MeetingOfCommittees35114732024-10-012024-12-31MeetingOfCommittees45114732024-12-31MeetingOfCommittees45114732024-10-012024-12-31MeetingOfCommittees55114732024-12-31MeetingOfCommittees55114732024-10-012024-12-31MeetingOfCommittees65114732024-12-31MeetingOfCommittees65114732024-10-012024-12-31MeetingOfCommittees75114732024-12-31MeetingOfCommittees75114732024-10-012024-12-31MeetingOfCommittees85114732024-12-31MeetingOfCommittees85114732024-10-012024-12-31MeetingOfCommittees95114732024-12-31MeetingOfCommittees95114732024-10-012024-12-31MeetingOfCommittees105114732024-12-31MeetingOfCommittees105114732024-09-305114732024-12-31OngoingTaxLitigationsOrDisputesDomain15114732024-12-31OngoingTaxLitigationsOrDisputesDomain25114732024-12-31OngoingTaxLitigationsOrDisputesDomain35114732024-12-31OngoingTaxLitigationsOrDisputesDomain45114732024-12-31OngoingTaxLitigationsOrDisputesDomain55114732024-12-31OngoingTaxLitigationsOrDisputesDomain65114732024-12-31OngoingTaxLitigationsOrDisputesDomain75114732024-12-31OngoingTaxLitigationsOrDisputesDomain85114732024-12-31OngoingTaxLitigationsOrDisputesDomain9xbrli:pure511473INDBANKNOTLISTEDINE841B01017INDBANK MERCHANT BANKING SERVICES LIMITED2024-04-012025-03-31Quarterly2024-12-31EquitytruetruefalseThe company has not made any recent investments in unquoted shares. However, the company had invested in unquoted shares prior to the year 2000, amounting to Rs. 759.48 lakhs. The full amount has been provided for, in the companys books.falseNo penalty was as such imposed/deducted during the quarter ending 31st December 2024. The Company is engaged in stock broking business and under the Membership regulations, received a letter from Bombay Stock Exchange on 23.12.2024 for delay in settlement of funds. The indicative penalty applicable is Rs.75,000. The said delay is purely due to software issues and the Company has applied for waiver of penalty.Further, there is no material impact on financials, operations or other activities of the Company. truefalseTop 2000 listed entitiestrue100050OriginalThe Company does not have a regular Chair, and as per the Company's Articles of Association, the director nominated by the Holding Entity shall chair the Board and General Meetings. Accordingly, Shri Ashutosh Choudhury, Director, who was nominated by Indian Bank (the Holding Entity), has been elected to chair the Board Meetings. Therefore, he is marked as Chairman for the successful validation of this template.falsefalseMrAshutosh Choudhury09245804Non-Executive - Nominee DirectorChairperson1975-09-04falseActiveNA2024-06-202024-06-2062010MrVaijinath Gavarshetty08502484Non-Executive - Independent DirectorNot Applicable1958-06-18falseActiveNA2019-07-192024-09-1932201MrV Haribabu09523733Executive - Nominee DirectorNot Applicable1967-07-20falseActiveNA2022-02-282022-02-28342020MrSunil Jain09665264Non-Executive - Nominee DirectorNot Applicable1972-12-13falseActiveNA2022-07-222022-07-22292030MrDevinder Kumar Singla01430327Non-Executive - Independent DirectorNot Applicable1965-08-05falseActiveNA2024-03-222024-03-2292230MrV.A. Prasanth07583586Non-Executive - Independent DirectorNot Applicable1959-03-12falseActiveNA2024-08-172024-08-1741110MrsPadma R09112490Non-Executive - Independent DirectorNot Applicable1957-05-04falseActiveNA2024-08-172024-08-1742231truetruetrueAudit Committee08502484Vaijinath GavarshettyNon-Executive - Independent DirectorChairperson2024-10-21Audit Committee09665264Sunil JainNon-Executive - Nominee DirectorMember2022-07-22Audit Committee01430327Devinder Kumar SinglaNon-Executive - Independent DirectorMember2024-03-22Audit Committee07583586V.A. PrasanthNon-Executive - Independent DirectorMember2024-08-17Audit Committee09112490Padma RNon-Executive - Independent DirectorMember2024-08-17Nomination and remuneration committee01430327Devinder Kumar SinglaNon-Executive - Independent DirectorChairperson2024-10-21Nomination and remuneration committee08502484Vaijinath GavarshettyNon-Executive - Independent DirectorMember2019-07-19Nomination and remuneration committee09665264Sunil JainNon-Executive - Nominee DirectorMember2022-07-22Nomination and remuneration committee07583586V.A. PrasanthNon-Executive - Independent DirectorMember2024-08-17Nomination and remuneration committee09112490Padma RNon-Executive - Independent DirectorMember2024-08-17Stakeholders Relationship Committee09112490Padma RNon-Executive - Independent DirectorChairperson2024-10-21Stakeholders Relationship Committee09523733V HaribabuExecutive - Nominee DirectorMember2022-07-22Stakeholders Relationship Committee09665264Sunil JainNon-Executive - Nominee DirectorMember2022-02-282024-07-19true7742024-08-1728true7742024-10-2164true774Audit Committee2024-07-19true5540Audit Committee2024-08-1728true5540Audit Committee2024-10-2164true5440Stakeholders Relationship Committee2024-07-01true3210Stakeholders Relationship Committee2024-07-119true3310Stakeholders Relationship Committee2024-07-2614true3310Stakeholders Relationship Committee2024-09-0237true3310Stakeholders Relationship Committee2024-10-1643true3310Stakeholders Relationship Committee2024-11-1125true3310Stakeholders Relationship Committee2024-12-1735true3310truetruetruetrueNAtruetruetrueCHITRA MACompany Secretary and Compliance OfficerfalseCHITRA MACompany Secretary and Compliance OfficerChennai2025-02-1403300GST Authority-Tamilnadu State2024-05-18disclosure was not applicable as it was below the materiality thresholds.Disputed Amt.-11.15 Lakhs (a) Excess Input tax credit taken with respect to non-business transactions and exempt supplies (b) Under declaration of ineligible ITC The company received notice from GST authorities on 18.05.2024. As it is apparent on record that there is no excess input or under declaration of ITC, as claimed by the authorities and the amounts does not warrant any reversal, a detailed reply has submitted for the same on 14.06.2024 in consultation with our GST auditors for same. The department vide its order dated 29.08.2024 dropped point (b) and retained point no.(a) for want of additional supporting documents to substantiate our claims and allowed us to file an appeal before the Appellate Deputy Commissioner (ST) (GST), Chennai- II, within 90 days on receipt of this order. The company on 13.11.2024 has filed an appeal with above authority with all required supporting documents in consultation with our GST auditors and same is under consideration by the department. GST Authority-Tamilnadu State2024-11-26disclosure was not applicable as it was below the materiality thresholds.Disputed Amt.-17.89 Lakhs (a) Excess Input tax credit taken with respect to non-business transactions and exempt supplies (b) Under declaration of ineligible ITC (c) ITC Claimed on Supplier who failed to file GSTR-3B and did not pay tax on the invoices declared in GSTR-01 The company received notice from GST authorities on 26.11.2024. As it is apparent on record that there is no excess input or under declaration of ITC, as claimed by the authorities and the amounts does not warrant any reversal, a detailed reply has submitted for the same on 26.12.2024 in consultation with our GST auditors for same. The company has remitted this amount to the GST authorities and have taken up with vendors for refund of the GST collected and not remitted by them. Income Tax act, 19612015-03-31Disclosure was not applicable as the case was initiated during the year 2014-15Disputed Amt.- 115.02 Lakhs. Appeal made by the Company w.r.t to the deduction in respect of dividend income u/s 80M r.w.s. 80AA of the Act and Income Tax Appellate Tribunal has issued an order allowing the appeal and remitting the matter for recomputing. Department is yet to give effect to this.Income Tax act, 19612013-01-31Disclosure was not applicable as it was initiated before LODR RegulationsDisputed Amt- 617.47 Lakhs. The Company had claimed an Exemption u/s 10(38) of Rs.1317.24 lakhs. The Company appealed to CIT(Appeals) which passed a decision in favour of the Company but later set aside by Income Tax Appellate Tribunal. The Company has filed an appeal with the High court of Madras on 03.09.2012 and same is still pending before the High Court.Income Tax act, 19612013-01-31Disclosure was not applicable as it was initiated before LODR RegulationsDisputed Amt-1129.05 Lakhs. The Company had claimed an Exemption u/s 10(38) of Rs.3826.05 lakhs. The Company appealed to CIT(Appeals) which passed a decision in favour of the Company but later set aside by Income Tax Appellate Tribunal. The Company has filed an appeal with the High court of Madras on 03.09.2012 and same is still pending before the High Court.Income Tax act, 19612018-12-11Disclosure was not applicable as this case was initiated before the applicability of relevant provisionDisputed Amt- 96.27 Lakhs. The Company had claimed an Exemption u/s 10(38) of Rs.478.28 lakhs. The Company appealed to CIT(Appeals) which passed a decision in favour of the Company but later set aside by Income Tax Appellate Tribunal. The Company has filed an appeal with the High court of Madras on 03.09.2012 and same is still pending before the High Court.Income Tax act, 19612016-09-30Disclosure was not applicable as this case was initiated before the applicability of relevant provisionDisputed Amt- 24.81 Lakhs. The Company filed a Petition for Rectification of Assessment under section 154 on 26.12.2016 for various mistakes apparent on record in the assessment order. The department is yet to rectify the same and re-issue the Assessment order.Sales tax and VAT Laws2013-03-18Disclosure was not applicable as it was initiated before LODR RegulationsDisputed Amt- 14.20 lakhs. State preferred an appeal before The Tamil Nadu Sales Tax Appellate Tribunal (Additional Bench) Chennai against the order of Appellate Deputy Commissioner (CT)-I (FAC) which was in the Company’s favour. Tribunal remanded the matter back to Assessing Officer vide orders dated 13.12.2017. The Assessing Officer is yet to respond for the same.Sales tax and VAT Laws2013-03-18Disclosure was not applicable as it was initiated before LODR RegulationsDisputed Amt.- 12.05 Lakhs. State preferred an appeal before The Tamil Nadu Sales Tax Appellate Tribunal (Additional Bench) Chennai against the order of Appellate Deputy Commissioner (CT)-I (FAC) which was in the Company’s favour. Tribunal remanded the matter back to Assessing Officer vide orders dated 13.12.2017. The Assessing Officer is yet to respond for the same.