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INDUSTRIES LIMITED2024-04-012025-03-31Quarterly2024-12-31EquitytruetruefalseNot ApplicabletruetruetrueTop 500 listed entitiestruef00039OriginalMr. Saurabh Dhanorkar (DIN: 00011322), Non-Executive - Non Independent Director of the Company, was appointed as the Managing Director of the Company, in the Board Meeting held on 24th October, 2024 with effect from 21st November, 2024. truefalseMrPrakash Pralhad Chhabria00016017Executive DirectorChairperson related to Promoter1963-05-06falseActiveNA1992-03-132021-12-011010MrsRitu Prakash Chhabria00062144Non-Executive - Non Independent DirectorNot Applicable1967-07-03falseActiveNA2015-03-212024-09-181010MrSaurabh S Dhanorkar00011322Executive DirectorNot ApplicableMD1955-10-26falseActiveNA2017-08-112024-11-211020MrsKanchan Uday Chitale00007267Non-Executive - Independent DirectorNot Applicable1952-12-19falseActiveYes2023-08-282019-04-012024-04-01691195MrMunesh Khanna00202521Non-Executive - Independent DirectorNot Applicable1962-05-12falseActiveNA2024-09-193.46691MrAditya Sapru00501437Non-Executive - Independent DirectorNot Applicable1968-08-27falseActiveNA2024-09-193.43391MrVijay N Bhatt00751001Non-Executive - Independent DirectorNot Applicable1959-05-09falseActiveNA2024-09-193.44485MrRajesh Balkrishna Rathi00018628Non-Executive - Independent DirectorNot Applicable1968-11-13falseActiveNA2024-09-193.42130MrDebabrata Sarkar02502618Non-Executive - Independent DirectorNot Applicable1953-11-03falseActiveNA2024-09-193.455103MrPradeep Udhas02207112Non-Executive - Independent DirectorNot Applicable1958-10-13falseActiveNA2024-09-303.033340MrSaumya Chakrabarti09594036Executive DirectorNot Applicable1961-06-29falseActiveNA2022-06-011000MrAjit Venkataraman07289950Executive DirectorNot ApplicableMD1969-12-15falseActiveNA2023-06-012024-11-201000OtherstruetruetruetruetrueAudit Committee00751001Vijay N BhattNon-Executive - Independent DirectorChairperson2024-09-30Audit Committee00018628Rajesh Balkrishna RathiNon-Executive - Independent DirectorMember2024-09-30Audit Committee00007267Kanchan Uday ChitaleNon-Executive - Independent DirectorMember2019-09-20Audit Committee00202521Munesh KhannaNon-Executive - Independent DirectorMember2024-09-30Audit Committee00501437Aditya SapruNon-Executive - Independent DirectorMember2024-09-30Audit Committee02502618Debabrata SarkarNon-Executive - Independent DirectorMember2024-09-30Audit Committee02207112Pradeep UdhasNon-Executive - Independent DirectorMember2024-10-24Audit Committee00011322Saurabh S DhanorkarExecutive DirectorMember2017-08-11Nomination and remuneration committee02502618Debabrata SarkarNon-Executive - Independent DirectorChairperson2024-09-30Nomination and remuneration committee00007267Kanchan Uday ChitaleNon-Executive - Independent DirectorMember2019-09-20Nomination and remuneration committee00751001Vijay N BhattNon-Executive - Independent DirectorMember2024-09-30Nomination and remuneration committee00018628Rajesh Balkrishna RathiNon-Executive - Independent DirectorMember2024-09-30Nomination and remuneration committee00202521Munesh KhannaNon-Executive - Independent DirectorMember2024-09-30Nomination and remuneration committee00501437Aditya SapruNon-Executive - Independent DirectorMember2024-09-30Nomination and remuneration committee02207112Pradeep UdhasNon-Executive - Independent DirectorMember2024-10-24Nomination and remuneration committee00011322Saurabh S DhanorkarExecutive DirectorMember2017-08-112024-11-21Mr. Saurabh Dhanorkar, Non-Executive Director of the Company was appointed as the Managing Director of the Company w.e.f. 21st November 2024. Consequent to his appointment as Managing Director, he ceased to be a member of the Nomination and Remuneration Committee effective 21st November 2024Stakeholders Relationship Committee00202521Munesh KhannaNon-Executive - Independent DirectorChairperson2024-09-30Stakeholders Relationship Committee00016017Prakash Pralhad ChhabriaExecutive DirectorMember2012-08-11Stakeholders Relationship Committee00751001Vijay N BhattNon-Executive - Independent DirectorMember2024-09-30Stakeholders Relationship Committee00018628Rajesh Balkrishna RathiNon-Executive - Independent DirectorMember2024-09-30Stakeholders Relationship Committee00007267Kanchan Uday ChitaleNon-Executive - Independent DirectorMember2019-09-20Stakeholders Relationship Committee00501437Aditya SapruNon-Executive - Independent DirectorMember2024-09-30Stakeholders Relationship Committee02502618Debabrata SarkarNon-Executive - Independent DirectorMember2024-09-30Stakeholders Relationship Committee02207112Pradeep UdhasNon-Executive - Independent DirectorMember2024-10-24Stakeholders Relationship Committee00011322Saurabh S DhanorkarExecutive DirectorMember2017-08-11Risk Management Committee00007267Kanchan Uday ChitaleNon-Executive - Independent DirectorChairperson2019-09-20Risk Management Committee00016017Prakash Pralhad ChhabriaExecutive DirectorMember2012-08-11Risk Management Committee00751001Vijay N BhattNon-Executive - Independent DirectorMember2024-09-30Risk Management Committee00018628Rajesh Balkrishna RathiNon-Executive - Independent DirectorMember2024-09-30Risk Management Committee00202521Munesh KhannaNon-Executive - Independent DirectorMember2024-09-30Risk Management Committee00501437Aditya SapruNon-Executive - Independent DirectorMember2024-09-30Risk Management Committee02502618Debabrata SarkarNon-Executive - Independent DirectorMember2024-09-30Risk Management Committee02207112Pradeep UdhasNon-Executive - Independent DirectorMember2024-10-24Risk Management Committee00011322Saurabh S DhanorkarExecutive DirectorMember2017-08-11Risk Management Committee07289950Ajit VenkataramanExecutive DirectorMember2023-06-012024-11-20Corporate Social Responsibility Committee00062144Ritu Prakash ChhabriaNon-Executive - Non Independent DirectorChairperson2015-08-07Corporate Social Responsibility Committee00016017Prakash Pralhad ChhabriaExecutive DirectorMember2012-08-11Corporate Social Responsibility Committee00018628Rajesh Balkrishna RathiNon-Executive - Independent DirectorMember2024-09-30Corporate Social Responsibility Committee00751001Vijay N BhattNon-Executive - Independent DirectorMember2024-09-30Corporate Social Responsibility Committee00007267Kanchan Uday ChitaleNon-Executive - Independent DirectorMember2019-09-20Corporate Social Responsibility Committee00202521Munesh KhannaNon-Executive - Independent DirectorMember2024-09-30Corporate Social Responsibility Committee00501437Aditya SapruNon-Executive - Independent DirectorMember2024-09-30Corporate Social Responsibility Committee02502618Debabrata SarkarNon-Executive - Independent DirectorMember2024-09-30Corporate Social Responsibility Committee02207112Pradeep UdhasNon-Executive - Independent DirectorMember2024-10-24Corporate Social Responsibility Committee00011322Saurabh S DhanorkarExecutive DirectorMember2017-08-11Other Committee00007267Kanchan Uday ChitaleShare Transfer CommitteeNon-Executive - Independent DirectorChairpersonOther Committee00016017Prakash Pralhad ChhabriaShare Transfer CommitteeExecutive DirectorMemberOther Committee09594036Saumya ChakrabartiShare Transfer CommitteeExecutive DirectorMemberOther Committee00011322Saurabh S DhanorkarShare Transfer CommitteeExecutive DirectorMember2024-07-27true101052024-08-1922true101052024-09-1930true101052024-09-3010true111052024-10-2423true12116Audit Committee2024-07-27true6650Audit Committee2024-08-1922true6650Audit Committee2024-09-3041true7650Audit Committee2024-10-2423true8760Nomination and remuneration committee2024-07-27true6650Nomination and remuneration committee2024-08-1922true6650Nomination and remuneration committee2024-09-1930true6650Nomination and remuneration committee2024-09-3010true7650Nomination and remuneration committee2024-10-2423true8760Stakeholders Relationship Committee2024-07-27true6650Stakeholders Relationship Committee2024-12-04129true9760Corporate Social Responsibility Committee2024-07-27true9950Corporate Social Responsibility Committee2024-12-04129true10860Risk Management Committee2024-12-04true9760truetruetruetrueYestruetruetrueDakshinamurthy IyerCompany Secretary and Compliance OfficerfalseDakshinamurthy IyerCompany Secretary and Compliance OfficerPune2025-02-140141400BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE")Imposition of fine of Rs. 5,900/- each (Including GST) by BSE and NSE.2024-12-13Non-compliance with Regulation 23(9) SEBI (LODR) Regulations, 2015There is no material impact on financial, operations or other activities of the Company.Joint Commissioner of CGST, Pune – I Commissionerate, Pune2023-12-06The order was passed disallowing TRAN-1 credit under Section 73 of the CGST Act, 2017 to pay tax of Rs.3,15,63,781/- along with penalty of Rs.31,56,378/- under Section 122(2) and interest as applicable under Section 50(3)of the CGST Act, 2017. The claim for TRAN-1 credit was already a subject matter of litigation with the Hon’ble Bombay High Court, which remanded the matter back to Jurisdictional Officer. The Company has also submitted follow up letter with Jurisdictional Officer and is pending with the said Officer. Based on the Company’s assessment and prevailing provisions/laws, the Company reasonably expects a favorable outcome. Joint Commissioner of CGST, Pune – I Commissionerate, Pune2024-01-03The order was passed for the tax demand of Rs.1,25,29,080/- (which was already paid by the Company and appropriated against the demand) and levied a penalty of Rs.12,52,908/- under Section 73(9) and interest of Rs.26,56,851/- under Section 50 of the Central Goods and Services Tax Act, 2017 (CGST Act, 2017).The Company is in process to avail benefit under the Amenesty Scheme for the relevant year and based on the Company’s assessment and prevailing law, the Company reasonably expects a favorable outcome.Assistant Commissioner of CGST, Division – II, Vadodara – I2024-07-31The order was passed for the tax demand of Rs.29,488 /- along with applicable interest under Section 73(9) of the Central Goods and Services Tax Act, 2017 (CGST Act, 2017) and levied a penalty of Rs.20,000/- under the provision of Section 122(2)(a) read with Section 73(1) of the State Goods and Services Tax Act, 2017 (SGST Act, 2017) and Integrated Goods and Services TaxThe Company has paid the tax dues and filed an application for availing applicable benefits under Amenesty Scheme. Based on the Company’s assessment and prevailing provisions, the Company reasonably expects a favorable outcome.Office of the Commissioner of Central GST, Kolhapur, Maharashtra2024-08-06A. Notice – I DGCEI/MZU/I&S‘C’/30-74/2012/10593/2279 dated 20.11.2013: 2010-11 to August 2013 - Ordered a tax demand of Rs.59,62,857/- on the Input Credit amount of Rs.3,96,97,519/- and interest as applicable on the tax demand; - Ordered for recovery of interest of Rs.38,61,104/- on the delayed payment of due of Rs.3,37,34,632/-; - Further, imposed a penalty equivalent to the amount of demand (excluding Cenvat credit already reversed) of Rs.3,96,97,519/- under Rule 15(2) of the Cenvat Credit Rules, 2004 read with Section 11 AC of the Central Excise Act, 1944; & - Further, as per the said Order, if the Company pays the balance confirmed demand of Rs.59,62,887/- along with requisite interest for short payment and interest for delayed payment within 30 days from the date of receipt of this order, penalty shall stand reduced to 25% i.e., Rs.99,24,380/- The benefit shall be given provided the reduced penalty amount is also paid within 30 days. B. Notice – II: F. No. V(39)15-265/ADJ/COMMR.KOP/14 dated 20.09.2014: September 2013 to June 2014 - Ordered a tax demand of Rs.2,10,189/- on the Input Credit amount of Rs.17,43,395/- and interest as applicable on the tax demand; - Ordered for recovery of interest of Rs.7,254/- on the delayed payment of Rs.15,33,206/- ; - Imposed a penalty equivalent to the amount of demand (excluding Cenvat Credit already reversed) of Rs.17,43,395/- under Rule 15(1) of the Cenvat Credit Rules, 2004; & - Further, as per the said Order, if the Company pays the balance confirmed demand of Rs.2,10,189/- along with requisite interest for short payment and interest for delayed payment within 30 days from the date of receipt of this order, penalty shall stand reduced to 25% i.e. Rs.4,35,849/-. The benefit shall be given provided the reduced penalty amount is also paid within 30 days.The Company has filed an appeal before CESTAT against this order. Based on the Company’s assessment and prevailing provisions, the Company reasonably expects a favorable outcome.