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3JUBILANT PHARMOVA LIMITED2024-04-012025-03-31Yearly2025-03-31EquitytruetruefalseThere was no acquisition of Shares or Voting Rights in unlisted companies for the quarter ended March 31, 2025truetruefalseThere was no loans / guarantees / comfort letters / securities etc. for the quarter ended March 31, 2025, requiring disclosure under this report.trueTop 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 BhartiaADRPB6359B00010499Non-Executive - Non Independent DirectorNot Applicable1956-12-12falseActiveNA1983-11-012022-04-015210MrSushil Kumar Roongta00309302Non-Executive - Independent DirectorNot Applicable1950-05-09falseActiveYes2021-09-222017-05-232022-05-23947782MrVivek MehraAAIPM8597Q00101328Non-Executive - Independent DirectorNot Applicable1955-04-21falseActiveNA2017-05-232022-05-23946683MrArun Seth00204434Non-Executive - Independent DirectorNot Applicable1951-11-19falseActiveYes2023-08-312018-10-222023-10-227755104MrShirish Gundopant BelapureACBPB8642A02219458Non-Executive - Independent DirectorNot Applicable1953-07-19falseActiveNA2023-03-072023-03-07253331MrPriyavrat Bhartia00020603Executive DirectorNot ApplicableMD1976-10-04falseActiveNA2017-05-232023-06-016040MrArjun Shanker BhartiaAMWPB7844B03019690Executive DirectorNot ApplicableMD1987-02-21falseActiveNA2017-05-232023-06-013000MrArvind Chokhany06668147Executive DirectorNot Applicable1972-04-18falseActiveNA2021-04-012024-04-011010MsShivpriya NandaAABPN9006E01313356Non-Executive - Independent DirectorNot Applicable1963-05-04falseActiveNA2024-04-012024-04-01122241MrHarsh Mahajan00824227Non-Executive - Independent DirectorNot Applicable1959-03-31falseActiveNA2024-04-012024-04-01121110MrRamakrishnan ArulAAHPA3003E08236356Executive 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 Committee01313356Shibpriya 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 Shankar 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 Shankar 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 DirectorMember2024-05-212024-10-25true121152025-01-3197true12116Audit Committee2024-10-24true5540Audit Committee2025-01-3097true4440Corporate Social Responsibility Committee2024-10-24true8650Risk Management Committee2024-10-24true9760truetruetruetrueYestruetruetrueNARESH KAPOORCompany Secretary and Compliance OfficerYesCompany ProfileYes2471imguf_moa-aoa-may2022.pdfYesBoard of DirectorsYes2035imguf_TermsandconditionsofappointmentofIndependentDirectors.pdfYesSlYesCode of Conduct for Directors and Senior ManagementYesWhistle Blower PolicyYesDisclosureYesPolicy ON RPTSYesPolicy for Determining Material SubsidiariesYesFamiliarisation Programme for Independent DirectorsYesFor Investor Grievances, ContactYesFor Investor Grievances, ContactYesQuarterly ResultsYesShare Holding PatternNAYesJubilant Pharmova Investor MeetsYesJubilant Pharmova Investor MeetsYesChange of NameYesNotices given to Shareholders by advertisementYesCredit RatingsYesSubsidiaries AccountsYesAnnual Secretarial Complaince ReportYesPolicy for Determination of Materiality of Events and InformationYesContact details of KMP for determining materiality of events under Reg. 30YesDisclsoures under 30(8)NAYesDividend Distribution PolicyYesAnnual ReturnYes2491imguf_jpm-employee-stock-option-plan-2018.pdfYesDisclosureYesDisclosureYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesNAYesYesYesNAYesYesYesYesYesYesNAYesYesYesNAYesNARESH KAPOORCompany Secretary and Compliance OfficerYesNARESH KAPOORCompany Secretary and Compliance OfficerfalseNARESH KAPOORCompany Secretary and Compliance OfficerNOIDA2025-04-301560-1Assistant Commissioner, CGST Division, RoorkeeOrder-in-Original No. 02/AC/RKE/2025 dated 30.01.2025 & Corrigendum thereto vide communication no. C.No.V-CGST/SCN/ Jubilant/ RKE/ 182/2020 dated 04.02.2025 Amount of Penalty - Rs. 5,56,348/-2025-02-03Cess transitioned to GST regime disallowed and demand of Input Tax Credit on cess amounting to Rs. 37,08,983/- imposed. Since this amount has already been reversed 'under protest' before issue of SCN, the order appropriates this amount towards demand. The order is incorrect in law and the company has a strong case to defend itself and will file an appeal against the said order.No financial impactDeputy Commissioner of Commercial Taxes, (Audit)-6.6, DGSTO-6, Bengaluru, KarnatakaOrder in Original Reference No. : ZD2902250943950 Date : 24/02/2025 passed by the Joint Commissioner and demand is confirmed as under: Demand Confirmed for FY 2020-21 Tax - Rs. 69,97,771/- Interest - Rs. 45,13,562/- Applicable as per Section 50(3) of the KGST Act, 2017 Penalty Imposed - Rs. 6,99,777/- Total - Rs. 1,22,11,110/- 2025-02-24Alleged non realisation of export proceeds towards licensing services rendered to overseas customer, where part of the consideration was received in shares/ stock and was shown as investment in preferred stock and Common stock of Lengo Therapeutics Inc. Violation of Rule 96A of CGST Rules has been alleged. The order is incorrect in law and the company has a strong case to defend itself and will file an appeal against the said order.No material impactIncome 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. 58.15 crs for various years Date of Initiation of Litigation " 28/02/2022 (FY 09 and FY 10); 13/05/2022 (FY 11); 20/09/2017 (FY 12); 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. 9.47 crsNo 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 . Demand primarily arising on account of arithmetical errors and mistakes apparent from records part from certain disallowances of expenses and deductions ignoring the contentions of the company. As informed vide our disclosure dated April 30, 2024 , tax demand of Rs 190.43 cr was deleted in its entirety pursuant to rectification by assessing officer. Tax demand of Rs. 2.4 crs deleted vide rectification order dated April 26, 2024. Company expects the deletion of balance Tax Demand of Rs. 35.90 crs in near future. 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.No ChangeJubilant 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 Date of Initiation of Litigation 25-08-2022 (FY 18); 20-09-2024 (FY 20) 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. However, 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. No change