5114732025-01-012025-03-315114732025-03-315114732025-01-012025-03-31CompositionOfBoardOfDirectors15114732025-03-31CompositionOfBoardOfDirectors15114732025-01-012025-03-31CompositionOfBoardOfDirectors25114732025-03-31CompositionOfBoardOfDirectors25114732025-01-012025-03-31CompositionOfBoardOfDirectors35114732025-03-31CompositionOfBoardOfDirectors35114732025-01-012025-03-31CompositionOfBoardOfDirectors45114732025-03-31CompositionOfBoardOfDirectors45114732025-01-012025-03-31CompositionOfBoardOfDirectors55114732025-03-31CompositionOfBoardOfDirectors55114732025-01-012025-03-31CompositionOfBoardOfDirectors65114732025-03-31CompositionOfBoardOfDirectors65114732025-01-012025-03-31CompositionOfBoardOfDirectors75114732025-03-31CompositionOfBoardOfDirectors75114732025-01-012025-03-31CompositionOfCommittees145114732025-03-31CompositionOfCommittees145114732025-01-012025-03-31CompositionOfCommittees155114732025-03-31CompositionOfCommittees155114732025-01-012025-03-31CompositionOfCommittees165114732025-03-31CompositionOfCommittees165114732025-01-012025-03-31CompositionOfCommittees175114732025-03-31CompositionOfCommittees175114732025-01-012025-03-31CompositionOfCommittees185114732025-03-31CompositionOfCommittees185114732025-01-012025-03-31CompositionOfCommittees415114732025-03-31CompositionOfCommittees415114732025-01-012025-03-31CompositionOfCommittees425114732025-03-31CompositionOfCommittees425114732025-01-012025-03-31CompositionOfCommittees435114732025-03-31CompositionOfCommittees435114732025-01-012025-03-31CompositionOfCommittees445114732025-03-31CompositionOfCommittees445114732025-01-012025-03-31CompositionOfCommittees455114732025-03-31CompositionOfCommittees455114732025-01-012025-03-31CompositionOfCommittees685114732025-03-31CompositionOfCommittees685114732025-01-012025-03-31CompositionOfCommittees695114732025-03-31CompositionOfCommittees695114732025-01-012025-03-31CompositionOfCommittees705114732025-03-31CompositionOfCommittees705114732025-03-31MeetingOfBoardOfDirectors15114732025-01-012025-03-31MeetingOfBoardOfDirectors15114732025-03-31MeetingOfBoardOfDirectors25114732025-01-012025-03-31MeetingOfBoardOfDirectors25114732025-03-31MeetingOfBoardOfDirectors35114732025-01-012025-03-31MeetingOfBoardOfDirectors35114732025-01-012025-03-31MeetingOfCommittees15114732025-03-31MeetingOfCommittees15114732025-01-012025-03-31MeetingOfCommittees25114732025-03-31MeetingOfCommittees25114732025-01-012025-03-31MeetingOfCommittees35114732025-03-31MeetingOfCommittees35114732025-01-012025-03-31MeetingOfCommittees45114732025-03-31MeetingOfCommittees45114732025-01-012025-03-31MeetingOfCommittees55114732025-03-31MeetingOfCommittees55114732025-01-012025-03-31MeetingOfCommittees65114732025-03-31MeetingOfCommittees65114732025-01-012025-03-31MeetingOfCommittees75114732025-03-31MeetingOfCommittees75114732025-01-012025-03-31MeetingOfCommittees85114732025-03-31MeetingOfCommittees85114732025-01-012025-03-31MeetingOfCommittees95114732025-03-31MeetingOfCommittees95114732025-01-012025-03-31MeetingOfCommittees105114732025-03-31MeetingOfCommittees105114732024-12-315114732025-03-31OngoingTaxLitigationsOrDisputesDomain15114732025-03-31OngoingTaxLitigationsOrDisputesDomain25114732025-03-31OngoingTaxLitigationsOrDisputesDomain35114732025-03-31OngoingTaxLitigationsOrDisputesDomain45114732025-03-31OngoingTaxLitigationsOrDisputesDomain55114732025-03-31OngoingTaxLitigationsOrDisputesDomain65114732025-03-31OngoingTaxLitigationsOrDisputesDomain75114732025-03-31OngoingTaxLitigationsOrDisputesDomain85114732025-03-31OngoingTaxLitigationsOrDisputesDomain95114732025-03-31OngoingTaxLitigationsOrDisputesDomain10xbrli:pure511473INDBANKNOTLISTEDINE841B01017INDBANK MERCHANT BANKING SERVICES LIMITED2024-04-012025-03-31Yearly2025-03-31EquitytruetruefalseThe 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. 759.48lakhs. The full amount has been provided for, in the company's books.falseNo penalty was paid by the Company for the quarter ended 31.03.2025truefalseThe Company has not advanced any loan or any other form of debt directly or indirectly to promoters, directors and its KMP's.falseTop 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 is appointed as the chair of the Board and General Meetings. Accordingly, Shri Ashutosh Choudhury, Director, who was nominated by Indian Bank (the Holding Entity), was elected to chair the Board Meetings. Therefore, he is marked as Chairman of the Board of Directors.falsefalseMrAshutosh Choudhury09245804Non-Executive - Nominee DirectorChairperson1975-09-04falseActiveNA2024-06-202024-06-2092010MrVaijinath GavarshettyABQPG4492F08502484Non-Executive - Independent DirectorNot Applicable1958-06-18falseActiveNA2019-07-192024-09-1962201MrV Haribabu09523733Executive - Nominee DirectorNot Applicable1967-07-20falseActiveNA2022-02-282022-02-28372020MrSunil JainABPPJ3611E09665264Non-Executive - Nominee DirectorNot Applicable1972-12-13falseActiveNA2022-07-222022-07-22322030MrDevinder Kumar Singla01430327Non-Executive - Independent DirectorNot Applicable1965-08-05falseActiveNA2024-03-222024-03-22122230MrV.A. PrasanthAAGPP4917R07583586Non-Executive - Independent DirectorNot Applicable1959-03-12falseActiveNA2024-08-172024-08-1771110MrsPadma R09112490Non-Executive - Independent DirectorNot Applicable1957-05-04falseActiveNA2024-08-172024-08-1772222truetruetrueAudit 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 DirectorMember2022-02-28Stakeholders Relationship Committee09665264Sunil JainNon-Executive - Nominee DirectorMember2022-07-222024-10-21true7742025-01-2191true7742025-03-2865true774Audit Committee2024-10-21true5440Audit Committee2025-01-2191true5540Audit Committee2025-02-1019true5430Audit Committee2025-03-2744true5540Stakeholders Relationship Committee2024-10-16true3310Stakeholders Relationship Committee2024-11-1125true3310Stakeholders Relationship Committee2024-12-1735true3310Stakeholders Relationship Committee2025-01-1023true3310Stakeholders Relationship Committee2025-01-2716true3310Stakeholders Relationship Committee2025-02-1417true3310truetruetruetrueNAtruetruetrueChitra MACompany Secretary and Compliance OfficerYeswww.indbankonline.comYeswww.indbankonline.comYeswww.indbankonline.comYeswww.indbankonline.comYeswww.indbankonline.comYeswww.indbankonline.comYeswww.indbankonline.comNAYeswww.indbankonline.comNAYeswww.indbankonline.comYeswww.indbankonline.comYeswww.indbankonline.comYeswww.indbankonline.comYeswww.indbankonline.comNANANANAYeswww.indbankonline.comNANAYeswww.indbankonline.comYeswww.indbankonline.comYeswww.indbankonline.comYeswww.indbankonline.comNANAYeswww.indbankonline.comNAYeswww.indbankonline.comYeswww.indbankonline.comYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesNANANANAYesYesNANAYesNANAYesYesYesYesYesYesNAYesYesYesYesNAYesChitra MACompany Secretary and Compliance OfficerNAChitra MACompany Secretary and Compliance OfficerfalseChitra MACompany Secretary and Compliance OfficerChennai2025-04-1700000GSTAuthority-Tamilnadu State2024-05-18Disputed 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 been submitted for the same on 14.06.2024 in consultation with our GST auditors. The department vide its order dated 29.08.2024 dropped point (b) and retainedpoint 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 on13.11.2024 has filed an appeal with above authority with all required supporting documents in consultation with our GST auditors and the same is under consideration by the department.The appeal has been admitted for consideraton by the department on 10.03.2025 for FY 2019-20.GSTAuthority-Tamilnadu State2024-11-26Disputed 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 underdeclaration of ITC, as claimed by the authorities and the amounts does not warrantany reversal, a detailed reply has been submitted for the same on 26.12.2024 inconsultation with our GST auditors. 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.GST issued an assessment order dated 27.02.2025 for FY 2020-21 wherein they have dropped all observations except for ITC taken for two parties which is not reflected in 2A. But on verification at our end we find that the parties have remitted GST and the same is getting reflected in 2A. We have sent the screen shots of the same to our GST consultants and they will be filing a suitable reply to the department to drop that observation and close the assessment.Income Tax Act, 19612015-03-31Disputed Amt.- 115.02 Lakhs for AY 1992-93. 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.No Change since last disclosureIncome Tax Act, 19612013-01-31Disputed Amt- 617.47 Lakhs for AY 2007-08. The Company had claimed an Exemption u/s 10(38) ofRs.1317.24 lakhs. The Company appealed to CIT(Appeals) which passed a decisionin 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.No Change since last disclosureIncome Tax Act, 19612013-01-31Disputed Amt-1129.05 Lakhs for AY 2008-09. The Company had claimed an Exemption u/s 10(38) ofRs.3826.05 lakhs. The Company appealed to CIT(Appeals) which passed a decisionin favour of the Company but later set aside by Income Tax Appellate Tribunal. TheCompany has filed an appeal with the High court of Madras on 03.09.2012 and sameis still pending before the High Court.No Change since last disclosureIncome Tax Act, 19612018-12-11Disputed Amt- 96.27 Lakhs for AY 2009-10. The Company had claimed an Exemption u/s 10(38) ofRs.478.28 lakhs. The Company appealed to CIT(Appeals) which passed a decision infavour of the Company but later set aside by Income Tax Appellate Tribunal. TheCompany has filed an appeal with the High court of Madras on 03.09.2012 and same is still pending before the High Court.No Change since last disclosureIncome Tax Act, 19612016-09-30Disputed Amt- 24.81 Lakhs for AY 2014-15. The Company filed a Petition for Rectification ofAssessment 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.No Change since last disclosureSales Tax and VAT Laws2013-03-18Disputed Amt- 14.20 lakhs for AY 1998-99. 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.No Change since last disclosureSales Tax and VATLaws2013-03-18Disputed Amt.- 12.05 Lakhs for AY 1995-96. 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.No Change since last disclosureGSTAuthority-Tamilnadu State2025-01-07disclosure was not applicable as it was below the materiality thresholds.For Financial Year 2021-22, the department has requested for clarifications on various observations on the Annual Return filed by the company for FY 2021-22 and the Company in consultation with its GST consultants is in the process of preparing a detailed reply on the observations raised. The Company has sought additional time with the department for preparing and submitting the replies.