5200432025-01-012025-03-315200432025-03-315200432025-01-012025-03-31CompositionOfBoardOfDirectors15200432025-03-31CompositionOfBoardOfDirectors15200432025-01-012025-03-31CompositionOfBoardOfDirectors25200432025-03-31CompositionOfBoardOfDirectors25200432025-01-012025-03-31CompositionOfBoardOfDirectors35200432025-03-31CompositionOfBoardOfDirectors35200432025-01-012025-03-31CompositionOfBoardOfDirectors45200432025-03-31CompositionOfBoardOfDirectors45200432025-01-012025-03-31CompositionOfBoardOfDirectors55200432025-03-31CompositionOfBoardOfDirectors55200432025-01-012025-03-31CompositionOfBoardOfDirectors65200432025-03-31CompositionOfBoardOfDirectors65200432025-01-012025-03-31CompositionOfCommittees145200432025-03-31CompositionOfCommittees145200432025-01-012025-03-31CompositionOfCommittees155200432025-03-31CompositionOfCommittees155200432025-01-012025-03-31CompositionOfCommittees165200432025-03-31CompositionOfCommittees165200432025-01-012025-03-31CompositionOfCommittees415200432025-03-31CompositionOfCommittees415200432025-01-012025-03-31CompositionOfCommittees425200432025-03-31CompositionOfCommittees425200432025-01-012025-03-31CompositionOfCommittees435200432025-03-31CompositionOfCommittees435200432025-01-012025-03-31CompositionOfCommittees445200432025-03-31CompositionOfCommittees445200432025-01-012025-03-31CompositionOfCommittees685200432025-03-31CompositionOfCommittees685200432025-01-012025-03-31CompositionOfCommittees695200432025-03-31CompositionOfCommittees695200432025-01-012025-03-31CompositionOfCommittees705200432025-03-31CompositionOfCommittees705200432025-01-012025-03-31CompositionOfCommittees715200432025-03-31CompositionOfCommittees715200432025-01-012025-03-31CompositionOfCommittees955200432025-03-31CompositionOfCommittees955200432025-01-012025-03-31CompositionOfCommittees965200432025-03-31CompositionOfCommittees965200432025-01-012025-03-31CompositionOfCommittees975200432025-03-31CompositionOfCommittees975200432025-01-012025-03-31CompositionOfCommittees985200432025-03-31CompositionOfCommittees985200432025-01-012025-03-31CompositionOfCommittees1225200432025-03-31CompositionOfCommittees1225200432025-01-012025-03-31CompositionOfCommittees1235200432025-03-31CompositionOfCommittees1235200432025-01-012025-03-31CompositionOfCommittees1245200432025-03-31CompositionOfCommittees1245200432025-03-31MeetingOfBoardOfDirectors15200432025-01-012025-03-31MeetingOfBoardOfDirectors15200432025-03-31MeetingOfBoardOfDirectors25200432025-01-012025-03-31MeetingOfBoardOfDirectors25200432025-01-012025-03-31MeetingOfCommittees15200432025-03-31MeetingOfCommittees15200432025-01-012025-03-31MeetingOfCommittees25200432025-03-31MeetingOfCommittees25200432024-12-315200432025-03-31OngoingTaxLitigationsOrDisputesDomain15200432025-03-31OngoingTaxLitigationsOrDisputesDomain25200432025-03-31OngoingTaxLitigationsOrDisputesDomain35200432025-03-31OngoingTaxLitigationsOrDisputesDomain45200432025-03-31OngoingTaxLitigationsOrDisputesDomain55200432025-03-31OngoingTaxLitigationsOrDisputesDomain65200432025-03-31OngoingTaxLitigationsOrDisputesDomain75200432025-03-31OngoingTaxLitigationsOrDisputesDomain85200432025-03-31OngoingTaxLitigationsOrDisputesDomain95200432025-03-31OngoingTaxLitigationsOrDisputesDomain105200432025-03-31OngoingTaxLitigationsOrDisputesDomain115200432025-03-31OngoingTaxLitigationsOrDisputesDomain125200432025-03-31OngoingTaxLitigationsOrDisputesDomain135200432025-03-31OngoingTaxLitigationsOrDisputesDomain145200432025-03-31OngoingTaxLitigationsOrDisputesDomain155200432025-03-31OngoingTaxLitigationsOrDisputesDomain165200432025-03-31OngoingTaxLitigationsOrDisputesDomain17xbrli:pure520043MUNJALSHOWNOTLISTEDINE577A01027MUNJAL SHOWA LIMITED2024-04-012025-03-31Yearly2025-03-31EquitytruetruefalseThere was no acquisition of shares or voting rights of Unlisted Company during the quarter.falseNo Fine or penalty were imposed during the quarter under reviewtruefalsefalseTop 2000 listed entitiestrueM00335OriginaltruefalseMrYOGESH CHANDER MUNJAL00003491Executive DirectorChairpersonMD1940-02-13falseActiveNA1985-05-162021-09-012030MrHITOSHI FUKAGAWAAKMPF0879Q10611378Executive DirectorNot ApplicableMD1968-06-21falseActiveNA2024-05-292024-05-291000MrKAZUHIRO NISHIOKA00602255Non-Executive - Non Independent DirectorNot Applicable1964-04-08falseActiveNA2021-06-232021-06-231000MrASHOK KUMAR MUNJALADQPM8088B00003843Non-Executive - Independent DirectorNot Applicable1951-02-14falseActiveYes2022-08-121989-01-021989-01-02351120MrsKAVITA VENUGOPAL07551521Non-Executive - Independent DirectorNot Applicable1957-03-06falseActiveNA2022-05-172022-05-17352264MsNEETIKA BATRAAAJPB9116F10219725Non-Executive - Independent DirectorNot Applicable1967-09-05falseActiveNA2024-04-012024-04-01122252truetruetruetruetrueAudit Committee10219725NEETIKA BATRANon-Executive - Independent DirectorChairperson2024-04-01Audit Committee00003843ASHOK KUMAR MUNJALNon-Executive - Independent DirectorMember2014-05-23Audit Committee07551521KAVITA VENUGOPALNon-Executive - Independent DirectorMember2024-04-01Nomination and remuneration committee00003843ASHOK KUMAR MUNJALNon-Executive - Independent DirectorChairperson2014-05-23Nomination and remuneration committee10219725NEETIKA BATRANon-Executive - Independent DirectorMember2024-04-01Nomination and remuneration committee07551521KAVITA VENUGOPALNon-Executive - Independent DirectorMember2024-04-01Nomination and remuneration committee00003491YOGESH CHANDER MUNJALExecutive DirectorMember2018-05-01Stakeholders Relationship Committee10219725NEETIKA BATRANon-Executive - Independent DirectorChairperson2024-04-01Stakeholders Relationship Committee00003843ASHOK KUMAR MUNJALNon-Executive - Independent DirectorMember2014-05-23Stakeholders Relationship Committee00003491YOGESH CHANDER MUNJALExecutive DirectorMember2014-05-23Stakeholders Relationship Committee10611378HITOSHI FUKAGAWAExecutive DirectorMember2024-08-12Risk Management Committee00003491YOGESH CHANDER MUNJALExecutive DirectorChairperson2021-06-23Risk Management Committee10611378HITOSHI FUKAGAWAExecutive DirectorMember2024-05-29Risk Management Committee00003843ASHOK KUMAR MUNJALNon-Executive - Independent DirectorMember2024-04-01Risk Management Committee07551521KAVITA VENUGOPALNon-Executive - Independent DirectorMember2024-08-12Corporate Social Responsibility Committee00003491YOGESH CHANDER MUNJALExecutive DirectorChairperson2014-05-23Corporate Social Responsibility Committee10611378HITOSHI FUKAGAWAExecutive DirectorMember2024-05-29Corporate Social Responsibility Committee00003843ASHOK KUMAR MUNJALNon-Executive - Independent DirectorMember2024-04-012024-11-11true6632025-02-0686true663Audit Committee2024-11-11true3320Audit Committee2025-02-0686true3320truetruetruetrueYestruetruetrueNeha BansalCompany Secretary and Compliance OfficerYeswww.munjalshowa.netYeswww.munjalshowa.netYeswww.munjalshowa.netYeswww.munjalshowa.netYeswww.munjalshowa.netYeswww.munjalshowa.netYeswww.munjalshowa.netYeswww.munjalshowa.netYeswww.munjalshowa.netYeswww.munjalshowa.netYeswww.munjalshowa.netYeswww.munjalshowa.netYeswww.munjalshowa.netYeswww.munjalshowa.netYeswww.munjalshowa.netNANANANAYeswww.munjalshowa.netYeswww.munjalshowa.netNAYeswww.munjalshowa.netYeswww.munjalshowa.netYeswww.munjalshowa.netYeswww.munjalshowa.netNAYeswww.munjalshowa.netYeswww.munjalshowa.netNAYeswww.munjalshowa.netYeswww.munjalshowa.netYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesNANANAYesYesYesYesYesYesYesYesYesYesNAYesNEHA BANSALCompany Secretary and Compliance OfficerNANEHA BANSALCompany Secretary and Compliance OfficerfalseNEHA BANSALCompany Secretary and Compliance OfficerGurugram2025-04-2500000Income tax Department/Assessing Officer2022-01-27For assessment year 2006-07 The Assessing officer have erred in proposing an adjustment of INR 4,89,58,700 to the arm’s length price of the ‘international transactions’ and The Company has filed an appeal before Income tax appelate tribunal (ITAT)The Assessing officer have erred in proposing an adjustment of INR 4,89,58,700 to the arm’s length price of the ‘international transactions’ and The Company has filed an appeal before ITAT and pending with ITAT.Income tax Department/Assessing Officer2015-03-18For assessment year 2010-11, Transfer pricing adjustment amounting to INR 12,98,92,206 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP and the Company has filed an appeal before ITATFor assessment year 2006-07 • Transfer pricing adjustment amounting to INR 12,98,92,206 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP and The Company has filed an appeal before ITAT and the same is pendingIncome tax Department/Assessing Officer2022-07-28For Assessment year 2011-12, Transfer pricing adjustment amounting to INR  10,16,83,851 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP and the Company has filed an appeal before ITATFor Assessment year 2011-12, Transfer pricing adjustment amounting to INR  10,16,83,851 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP and the Company has filed an appeal before ITAT and the same is pendingIncome tax Department/Assessing Officer2016-12-20For Assessment year 2012-13,Transfer pricing adjustment amounting to INR  43,27,43,656 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP and the Company has filed an appeal before ITATFor Assessment year 2012-13,Transfer pricing adjustment amounting to INR  43,27,43,656 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP and the Company has filed an appeal before ITAT and the same is pendingIncome tax Department/Assessing Officer2017-09-01For Assessment year 2013-14, The TPO benchmarked the manufacturing segment and after adopting new set of comparable under TNMM method, made an adjustment of INR 2,98,05,992 along with adjustment of INR 2,24,267 in respect of inter-unit transfers of semi-finished goods and the Company has filed an appeal before ITATFor Assessment year 2013-14, The TPO benchmarked the manufacturing segment and after adopting new set of comparable under TNMM method, made an adjustment of INR 2,98,05,992 along with adjustment of INR 2,24,267 in respect of inter-unit transfers of semi-finished goods and the Company has filed an appeal before ITAT and the same is pendingIncome tax Department/Assessing Officer2021-05-05For Assessment year 2016-17 Transfer pricing adjustment amounting to INR  18,09,75,549 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP. Further Transfer pricing adjustment amounting to INR  1,70,78,336 pertaining to manufacturing segment on account of cherry picking of certain comparable companies and the Company has filed an appeal before ITATFor Assessment year 2016-17 Transfer pricing adjustment amounting to INR  18,09,75,549 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP. Further Transfer pricing adjustment amounting to INR  1,70,78,336 pertaining to manufacturing segment on account of cherry picking of certain comparable companies and the Company has filed an appeal before ITAT and the same is pending.Income tax Department/Assessing Officer2022-04-07For Assessment year 2017-18, Transfer pricing adjustment amounting to INR  17,54,70,201 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP. Further Transfer pricing adjustment amounting to INR  2,35,38,892 pertaining to manufacturing segment on account of cherry picking of certain comparable companies and the Company has filed an appeal before ITAT.For Assessment year 2017-18, Transfer pricing adjustment amounting to INR  17,54,70,201 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP. Further Transfer pricing adjustment amounting to INR  2,35,38,892 pertaining to manufacturing segment on account of cherry picking of certain comparable companies and the Company has filed an appeal before ITAT and the same is pending.Income tax Department/Assessing Officer2022-06-15For Assessment year 2018-19, Transfer pricing adjustment amounting to INR 13,26,68,832 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP. Further, transfer pricing adjustment amounting to INR 1,14,76,800 pertaining to manufacturing segment on account of cherry picking of certain comparable companies and the Company has filed an appeal before ITATFor Assessment year 2018-19, Transfer pricing adjustment amounting to INR 13,26,68,832 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP. Further, transfer pricing adjustment amounting to INR 1,14,76,800 pertaining to manufacturing segment on account of cherry picking of certain comparable companies and the Company has filed an appeal before ITAT and the same is pending.Income tax Department/Assessing Officer2024-08-29For Assessment year 2020-21, Transfer pricing adjustment amounting to INR 30,59,67,825 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP. Further, transfer pricing adjustment amounting to INR 1,54,75,557 pertaining to manufacturing segment on account of cherry picking of certain comparable companies and the Company has filed an appeal before ITATFor Assessment year 2020-21, Transfer pricing adjustment amounting to INR 30,59,67,825 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP. Further, transfer pricing adjustment amounting to INR 1,54,75,557 pertaining to manufacturing segment on account of cherry picking of certain comparable companies and the Company has filed an appeal before ITAT and the same is pending before ITATIncome tax Department/Assessing Officer2024-12-18For Assessment year 2021-22, Transfer pricing adjustment amounting to INR 26,93,07,230 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP. Further, transfer pricing adjustment amounting to INR 3,32,77,983 pertaining to manufacturing segment on account of cherry picking of certain comparable companies and the Company has filed an appeal before ITATFor Assessment year 2021-22, Transfer pricing adjustment amounting to INR 26,93,07,230 pertaining to payment of royalty by arbitrarily determining the arm’s length price (“ALP”) of the international transaction as against computed by MSL in accordance with the provisions of the Act read with the Income-tax Rules, 1962 (“Rules”) using TNMM Method and / or CUP. Further, transfer pricing adjustment amounting to INR 3,32,77,983 pertaining to manufacturing segment on account of cherry picking of certain comparable companies and the Company has filed an appeal before ITAT and the same is pending before ITATEmployees' State Insurance Corporation2006-02-02For Financial year 1994-1995 an order is issued by Dy. Director (Rev) of ESIC on 02.02.2006 for an amount of Rs. 53,039/-.For Financial year 1994-1995 an order is issued by Dy. Director (Rev) of ESIC on 02.02.2006 for an amount of Rs. 53,039/-. The report is pending from ESI Court Gurgaon.Employees' State Insurance Corporation2006-02-02For Financial year 1995-1996 an order is issued by Dy. Director (Rev) of ESIC on 02.02.2006 for an amount of Rs. 12,04,591/-.For Financial year 1995-1996 an order is issued by Dy. Director (Rev) of ESIC on 02.02.2006 for an amount of Rs. 12,04,591/-. Re-inspection has been done and demand is reduced to Rs. 8,40,878 on 18.07.2016. The report is pending from ESI Court Gurgaon.Employees' State Insurance Corporation2006-02-20For Financial year 1996-1997 an order is issued by Dy. Director (Rev) of ESIC on 20.02.2006 for an amount of Rs. 6,49,999/-.For Financial year 1996-1997 an order is issued by Dy. Director (Rev) of ESIC on 20.02.2006 for an amount of Rs. 6,49,999/-. Re-inspection has been done and demand is reduced to Rs. 2,68.653 on 18.07.2016. The report is pending from ESI Court Gurgaon.Employees' State Insurance Corporation2006-02-20For Financial year 1997-1998 an order is issued by Dy. Director (Rev) of ESIC on 20.02.2006 for an amount of Rs. 6,69,251/-.For Financial year 1997-1998 an order is issued by Dy. Director (Rev) of ESIC on 20.02.2006 for an amount of Rs. 6,69,251/-. Re-inspection has been done and demand is reduced to Rs. 7,614/- on 18.07.2016. The report is pending from ESI Court Gurgaon.Employees' State Insurance Corporation2006-02-20For Financial year 2001-2002 an order is issued by Dy. Director (Rev) of ESIC on 20.02.2006 for an amount of Rs. 19,321/-.For Financial year 2001-2002 an order is issued by Dy. Director (Rev) of ESIC on 20.02.2006 for an amount of Rs. 19,321/-. Re-inspection has been done The report is pending from ESI Court Gurgaon.Employees' State Insurance Corporation2018-03-09For Financial year 2013-2016 an order is issued by Dy. Director of ESIC on 09.03.2018 for an amount of Rs. 39,08,539/-.For Financial year 2013-2016 an order is issued by Dy. Director of ESIC on 09.03.2018 for an amount of Rs. 39,08,539/-. The case is pending before the ESI Court Gurgaon.Goods and service Tax, State tax Dehradun2024-07-06For Financial Year 2018-19, appeal has been filled against order of The J.C. (Appeals) State Tax, Dehradun for diffecernce in GSTR-3B & GSTR-2A.Initial relevant details and documents submitted with GST department and awaiting reponse