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gTaxLitigationsOrDisputesDomain5xbrli:pure530019JUBLPHARMANOTLISTEDINE700A01033JUBILANT PHARMOVA LIMITED2024-04-012025-03-31Quarterly2024-12-31EquitytruetruefalseThere was no acquisition of shares or voting rights in any unlisted company during the quarter ended December 31, 2024.falseThere was no imposition of fine or penalty on the Company during the quarter ended December 31, 2024 requiring disclosure under this report.truetrueTop 500 listed entitiestrueJ00122Original1. Mr. Arjun S. Bhartia is Joint MD of the Company. Since there is no option available for Joint MD in Column L, category 3 of directors, therefore we have selected Managing Director as the designation of Mr. Arjun S. Bhartia. 2. As per Circular Ref. No. NSE/CML/2023/31 dated April 10, 2023 issued by the NSE, the Company has considered the No. of post of Chairperson in Audit/Stakeholder Committee held includes public limited companies whether listed or not.truetrueMrShyam Sunder Bhartia00010484Non-Executive - Non Independent DirectorChairperson related to Promoter1952-11-09falseActiveNA1978-06-211999-01-284000MrHari Shanker Bhartia00010499Non-Executive - Non Independent DirectorNot Applicable1956-12-12falseActiveNA1983-11-012022-04-015210MrSushil Kumar Roongta00309302Non-Executive - Independent DirectorNot Applicable1950-05-09falseActiveYes2021-09-222017-05-232022-05-23917782MrVivek Mehra00101328Non-Executive - Independent DirectorNot Applicable1955-04-21falseActiveNA2017-05-232022-05-23915552MrArun Seth00204434Non-Executive - Independent DirectorNot Applicable1951-11-19falseActiveYes2023-08-312018-10-222023-10-22745593MrShirish Gundopant Belapure02219458Non-Executive - Independent DirectorNot Applicable1953-07-19falseActiveNA2023-03-072023-03-07224441MrPriyavrat Bhartia00020603Executive DirectorNot ApplicableMD1976-10-04falseActiveNA2017-05-232023-06-015040MrArjun Shanker Bhartia03019690Executive DirectorNot ApplicableMD1987-02-21falseActiveNA2017-05-232023-06-013000MrArvind Chokhany06668147Executive DirectorNot Applicable1972-04-18falseActiveNA2021-04-012024-04-011010MsShivpriya Nanda01313356Non-Executive - Independent DirectorNot Applicable1963-05-04falseActiveNA2024-04-012024-04-0192240MrHarsh Mahajan00824227Non-Executive - Independent DirectorNot Applicable1959-03-31falseActiveNA2024-04-012024-04-0191110MrRamakrishnan Arul08236356Executive DirectorNot Applicable1966-05-31falseActiveNA2024-06-012024-06-011000truetruetruetruetrueAudit Committee00101328Vivek MehraNon-Executive - Independent DirectorChairperson2018-01-17Audit Committee00309302Sushil Kumar RoongtaNon-Executive - Independent DirectorMember2024-02-02Audit Committee00204434Arun SethNon-Executive - Independent DirectorMember2024-05-21Audit Committee06668147Arvind ChokhanyExecutive DirectorMember2021-04-012024-10-25Audit Committee01313356Shivpriya NandaNon-Executive - Independent DirectorMember2024-05-21Nomination and remuneration committee00309302Sushil Kumar RoongtaNon-Executive - Independent DirectorChairperson2018-01-17Nomination and remuneration committee00010484Shyam Sunder BhartiaNon-Executive - Non Independent DirectorMember2014-05-26Nomination and remuneration committee00101328Vivek MehraNon-Executive - Independent DirectorMember2018-01-17Nomination and remuneration committee00204434Arun SethNon-Executive - Independent DirectorMember2024-05-21Stakeholders Relationship Committee00204434Arun SethNon-Executive - Independent DirectorChairperson2019-02-01Stakeholders Relationship Committee00020603Priyavrat BhartiaExecutive DirectorMember2024-02-02Stakeholders Relationship Committee06668147Arvind ChokhanyExecutive DirectorMember2021-04-01Stakeholders Relationship Committee00824227Harsh MahajanNon-Executive - Independent DirectorMember2024-05-21Stakeholders Relationship Committee01313356Shivpriya NandaNon-Executive - Independent DirectorMember2024-05-21Risk Management Committee00309302Sushil Kumar RoongtaNon-Executive - Independent DirectorChairperson2019-02-01Risk Management Committee00204434Arun SethNon-Executive - Independent DirectorMember2019-02-01Risk Management Committee02219458Shirish Gundopant BelapureNon-Executive - Independent DirectorMember2023-03-07Risk Management Committee00020603Priyavrat BhartiaExecutive DirectorMember2023-05-29Risk Management Committee03019690Arjun Shanker BhartiaExecutive DirectorMember2023-05-29Risk Management Committee06668147Arvind ChokhanyExecutive DirectorMember2021-04-01Risk Management Committee00101328Vivek MehraNon-Executive - Independent DirectorMember2024-05-21Risk Management Committee01313356Shivpriya NandaNon-Executive - Independent DirectorMember2024-05-21Risk Management Committee00824227Harsh MahajanNon-Executive - Independent DirectorMember2024-05-21Corporate Social Responsibility Committee01313356Shivpriya NandaNon-Executive - Independent DirectorChairperson2024-05-21Corporate Social Responsibility Committee00309302Sushil Kumar RoongtaNon-Executive - Independent DirectorMember2018-01-17Corporate Social Responsibility Committee00020603Priyavrat BhartiaExecutive DirectorMember2018-01-17Corporate Social Responsibility Committee03019690Arjun Shanker BhartiaExecutive DirectorMember2018-01-17Corporate Social Responsibility Committee06668147Arvind ChokhanyExecutive DirectorMember2021-04-01Corporate Social Responsibility Committee02219458Shirish Gundopant BelapureNon-Executive - Independent DirectorMember2024-02-02Corporate Social Responsibility Committee00204434Arun SethNon-Executive - Independent DirectorMember2024-05-21Corporate Social Responsibility Committee00824227Harsh MahajanNon-Executive - Independent DirectorMember2024-05-212024-07-19true121062024-10-2597true12115Audit Committee2024-07-19true5540Audit Committee2024-10-2496true5540Corporate Social Responsibility Committee2024-10-24true8650Risk Management Committee2024-10-24true9760Nomination and remuneration committee2024-07-19true4430truetruetruetrueYestruetruetrueNARESH KAPOORCompany Secretary and Compliance OfficerfalseNARESH KAPOORCompany Secretary and Compliance OfficerNOIDA2025-02-1412210Income Tax Department2017-03-28Appeal filed by Jubilant Pharmova Limited and pending before CIT (Appeals) w.r.t. notional adjustments under India Transfer Pricing Rules in relation to international transactions with Associated Enterprises - Rs. 32.20 crs for various years. Date of initiation of Litigation :28/03/2017 (FY 13); 17/04/2018 (FY 14); 22/02/2019 (FY 15)No change. Jubilant Pharmova Limited expects to get relief from the Appellate Authority and does not anticipate any material adverse financial implicationJubilant Pharmova Limited2017-09-20Appeal filed by Income Tax Department against Jubilant Pharmova Limited and pending before Income Tax Appellate Tribunal (ITAT) w.r.t. notional adjustments under India Transfer Pricing Rules in relation to international transactions with Associated Enterprises - Rs. 35.41 crs Date of Initiation of Litigation : 20/09/2017 (FY 12); 28/02/2022 (FY 09 and FY 10); 13/05/2022 (FY 11)No change. Jubilant Pharmova Limited expects Hon'ble ITAT, Delhi to sustain the order of CIT- Appeals and does not anticipate any material adverse financial implicationJubilant Pharmova Limited2024-04-24Tax demand of Rs. 228.75 crs vide orders passed in certain years which stands reduced to Rs. 35.90 crs afters taking into account Company disclosures filed with the Stock Exchange(s). Company expects the deletion of balanceTax Demand of Rs. 35.90 crs in near future as its rectification application is still pending disposal. (Demand primarily arising on account of arithmetical errors and mistakes apparent from records apart from certain disallowances of expenses and deductions ignoring the contentions of the company.) Appeal filed before CIT(Appeals) on issues arising out of order are yet to be adjudicated, the tax effect of which is Rs. 4.43 crs.Jubilant Biosys Limited, a wholly owned Indian subsidiary of Jubilant Pharmova Limited2019-04-24Appeal filed by Income Tax Department against Jubilant Biosys Limited and pending before Allahabad High Court w.r.t. denial of deduction with respect to payment to related party by invoking the provision of section 80IB (13) r.w. section 80IA (10) of the Act and disallowance of entire expenditure debited in P & L account by treating the same as Capital expenditure - Rs.228.87 crsNo change. Jubilant Biosys Limited expects Hon'ble Allahabad High Court to sustain the order of the Hon'ble ITAT, Delhi and does not anticipate any material adverse financial implicationIncome Tax Department2024-09-20Appeal filed by Jubilant Generics Limited (wholly owned subsidiary of Jubilant Pharmova Limited) and pending before Income Tax Appellate Tribunal (ITAT) w.r.t. notional adjustments under India Transfer Pricing Rules in relation to international transactions with Associated Enterprises - Rs. 38.13 crs. As informed vide our disclosure dated October 10, 2024 , tax demand of Rs 38.13 crs was deleted in its entirety pursuant to rectification by assessing officer. Date of Initiation of Litigation 25-08-2022 (FY 18); 20-09-2024 (FY 20) Appeal filed before Hon'ble ITAT is yet to be adjudicated, the tax effect of which on carried forward losses is Rs 36.03 crores basis the prevalent tax rates.