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Industries Limited2025-04-012026-03-31Half Yearly2025-09-30EquitytruetruefalseThe Company had disclosed to stock exchange about approval by the Board for an investment in Enerparc Solar Power 10 Private Limited (Enerparc) aggregating to Rs. 1.065 crores, through acquisition of 10,65,000 equity shares at face value of Rs. 10/- per share at par in the Enerparc and to avail 3 MWp solar power for Podanur Plant in Coimbatore under a group captive policy from the solar plant of Enerparc. The investment was under a group captive policy. The shares are not yet aquired and hence, the said annexure is not applicable.truetruetruetrueTop 2000 listed entitiestruee00130OriginalNumbers of membership also includes number of Chairmanship. Further, Membership/Chairmanship of listed and unlisted public Companies are included. The Names of Directors are provided as per PAN. Mr. Rajesh Arvind Joshi has resigned from the position of MD and CEO from the close of business hours on 12th September 2025, due to personal reasons. Ms. Bijal Ajinkya is an Independent Director in GMR Air Cargo and Aerospace Engineering Limited which is a Debt Listed Company. However, we are including in directorships, only directorships of Equity Listed Companies and not Debt Listed Companies.truefalseMrAnant Jaivant Talaulicar******00031051Non-Executive - Independent DirectorChairperson1961-07-11falseActiveNA2019-11-212024-11-21705482MsPadmini Sekhsaria******00046486Non-Executive - Non Independent DirectorNot Applicable1975-09-06falseActiveNA2019-02-262019-02-261000MrRajendra Prabhakar Chitale******00015986Non-Executive - Independent DirectorNot Applicable1961-04-10falseActiveNA2019-01-232024-01-23802222MrAlok Mahinder Nanda******02149755Non-Executive - Independent DirectorNot Applicable1960-07-14falseActiveNA2019-01-232024-01-23801111MrAshok Kumar Barat******00492930Non-Executive - Independent DirectorNot Applicable1956-12-05falseActiveNA2024-03-192024-03-1918.137785MsBijal Ajinkya******01976832Non-Executive - Independent DirectorNot Applicable1976-07-22falseActiveNA2024-03-192024-03-1918.134450MrRajesh Arvind Joshi******08855031Executive DirectorNot ApplicableCEO-MD1970-01-22falseActiveNA2020-09-012023-09-012025-09-121020OthersMrHemant Khurana******08652827Executive DirectorNot ApplicableCEO-MD1972-01-04falseActiveNA2025-09-131020The Company does not fall under the Top 1000 Companies as per market capitalization as on December 31, 2024. However, due to Regulation 3(2A) of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, the Company is complying with the provisions of constitution of Risk Management Committee. Mr. Rajesh Joshi ceased to be a member of Audit Committee, Stakeholders Relationship Committee, Risk Management Committee and Corporate Social Responsibility Committee w.e.f. close of business hours on September 12, 2025 due to cessation of Directorship.truetruetruetruetrueAudit Committee00015986Rajendra Prabhakar ChitaleNon-Executive - Independent DirectorChairperson2019-04-10Audit Committee00031051Anant Jaivant TalaulicarNon-Executive - Independent DirectorMember2019-12-06Audit Committee00492930Ashok Kumar BaratNon-Executive - Independent DirectorMember2024-04-01Audit Committee08855031Rajesh Arvind JoshiExecutive DirectorMember2024-10-012025-09-12Audit Committee08652827Hemant KhuranaExecutive DirectorMember2025-09-13Nomination and remuneration committee00492930Ashok Kumar BaratNon-Executive - Independent DirectorChairperson2024-04-01Nomination and remuneration committee00046486Padmini SekhsariaNon-Executive - Non Independent DirectorMember2019-04-10Nomination and remuneration committee00031051Anant Jaivant TalaulicarNon-Executive - Independent DirectorMember2019-12-06Nomination and remuneration committee01976832Bijal AjinkyaNon-Executive - Independent DirectorMember2024-10-01Stakeholders Relationship Committee02149755Alok Mahinder NandaNon-Executive - Independent DirectorChairperson2024-10-01Stakeholders Relationship Committee00031051Anant Jaivant TalaulicarNon-Executive - Independent DirectorMember2024-04-01Stakeholders Relationship Committee08855031Rajesh Arvind JoshiExecutive DirectorMember2020-09-012025-09-12Stakeholders Relationship Committee08652827Hemant KhuranaExecutive DirectorMember2025-09-13Risk Management Committee00492930Ashok Kumar BaratNon-Executive - Independent DirectorChairperson2024-04-01Risk Management Committee00015986Rajendra Prabhakar ChitaleNon-Executive - Independent DirectorMember2021-05-28Risk Management Committee00031051Anant Jaivant TalaulicarNon-Executive - Independent DirectorMember2021-05-28Risk Management Committee08855031Rajesh Arvind JoshiExecutive DirectorMember2021-05-282025-09-12Risk Management Committee08652827Hemant KhuranaExecutive DirectorMember2025-09-13Corporate Social Responsibility Committee00031051Anant Jaivant TalaulicarNon-Executive - Independent DirectorChairperson2021-05-28Corporate Social Responsibility Committee00046486Padmini SekhsariaNon-Executive - Non Independent DirectorMember2019-04-10Corporate Social Responsibility Committee02149755Alok Mahinder NandaNon-Executive - Independent DirectorMember2019-02-28Corporate Social Responsibility Committee08855031Rajesh Arvind JoshiExecutive DirectorMember2020-09-012025-09-12Corporate Social Responsibility Committee08652827Hemant KhuranaExecutive DirectorMember2025-09-132025-04-01true7752025-05-1947true7642025-06-0213true7652025-06-1613true7532025-08-0448true775Audit Committee2025-05-19true4430Audit Committee2025-08-0476true4430Nomination and remuneration committee2025-05-19true4430Nomination and remuneration committee2025-06-1627true4320Nomination and remuneration committee2025-08-0448true4430Risk Management Committee2025-05-06true4430Risk Management Committee2025-09-03119true4430truetruetruetrueYestruetruetrueAmruta AvasareCompany Secretary and Compliance OfficerYesYesYesYesYesYesYesYesFor point 6. Parikh and Assciates a peer reviewed firm of Practising Company Secretaries have been appointed as a Secretarial Auditor of the Company for a first term of 5 (five) consecutive years from FY 2025-26 to FY 2029-30 to conduct the Secretarial Audit of the Company.Amruta AvasareCompany Secretary and Compliance OfficerfalseAmruta AvasareCompany Secretary and Compliance OfficerMumbai2025-10-2106600As per LODR, the disclosure of fine or penalty imposed during the quarter September 30, 2025 which are lower than the monetary threshold limit specified in LODR are reported in this quarterly Corporate Governance Report.Central Ground Water Board, South Eastern Region, Bhubaneshwar, Odisha.Penalty of Rs. 7,00,000/- imposed on the Company for violation related to Ground Water compliances at Somnathpur Plant vide invoice of Ground Water Charges issued by Central Ground Water Board, South Eastern Region, Bhubaneshwar, Odisha.2025-07-25Non installation/faulty Digital water Flow meter with telemetry system, Non-maintenance of log book of daily withdrawal/non submission of Groundwater abstraction data, Non Installation of Piezometer, Non maintenance of Recharge structures and Non Submission of Water level/ Water quality DataThere is no material impact on financials, operations or other activities of the Company.Assistant Commissioner, Nellore CGST Division, Andhra PradeshOrder was passed by the Assistant Commissioner of Nellore, Andhra Pradesh for the GST payable on account of wrong availment of Input Tax Credit (ITC) and imposed penalty of Rs. 92,836/- under Section 74(9) of CGST Act, 2017, Rs. 20,000/- under Section 73(9) of CGST Act, 2017 and Rs.3,336/- under Section 74(9) of CGST Act, 20172025-08-04(i) Excess availment of ITC on account of reconciliation of GSTR-2A vs GSTR-3B for the FY 2020-21 and 2021-22 (ii) Short payment of GST on account of difference between the tax liability declared in GSTR-9 vs Tax paid in GSTR-3B returns filed for the year 2021-22 (iii) Non payment of tax under Reverse charge on GTA services for the period 2020-21 and 2021-22There is no material impact on financials, operations or other activities of the Company.Commissioner Tax Department, Tamil NaduImposition of Penalty of Rs. 7,93,152/- towards detention of vehicle under section 129(3) of the Tamil Nadu Goods Services Tax Act, 2017 and Central Goods and Services Tax Act 2017 vide notice in Form GST MOV - 07 dated 06.07.20252025-07-06Mismatch between documents issued e-way bill and e-invoice found to be defectiveThere is no material impact on financials, operations or other activities of the Company.Commissioner Tax Department, Tamil NaduPenalty of Rs. 7,60,838/- was imposed under section 129(3) of the Tamil Nadu Goods Services Tax Act, 2017 and Central Goods and Services Tax Act, 2017 vide notice in Form GST MOV - 07 dated 06.07.20252025-07-06Mismatch between documents issued e-way bill and e-invoice found to be defective.There is no material impact on financials, operations or other activities of the Company.Chief Judicial Magistrate, NashikOrder was passed by Chief Judicial Magistrate, Nashik on 06.08.2025 imposing fine of Rs. 5,000/-for contravention of Rule 115(1) and 115(2) of the Maharashtra Factories Rules, 1963 r/w Section 92 of the Factories Act, 1948 on Mr. Vijayendra Babu (earlier factory manager of Nashik factory)2025-08-06Violation of the provisions under Rule 115(1) and 115(2) of the Maharashtra Factories Rules, 1963.There is no material impact on financials, operations or other activities of the Company.Chief Judicial Magistrate, NashikOrder was passed by Chief Judicial Magistrate, Nashik on 06.08.2025 imposing fine of Rs. 5,000/-for contravention of the provisions under section 21 (1)(iv)(b) of the Factories Act, 1948 r/w Section 92 of the Factories Act, 1948, on Mr. Y. S. Rao (earlier occupier of the Nashik factory)2025-08-06Violation under section 21 (1)(iv)(b) of the Factories Act, 1948.There is no material impact on financials, operations or other activities of the Company.Chief Judicial Magistrate, NashikOrder was passed by Chief Judicial Magistrate, Nashik on 06.08.2025 imposing fine of Rs. 5,000/-for contravention of the provisions under section 7 A (2)(a) of the Factories Act, 1948 r/w Section 92 of the Factories Act, 1948 on Mr. Rajesh Joshi (earlier occupier of the Nashik factory)2025-08-06Violation under section 7 A (2)(a) of the Factories Act, 1948.There is no material impact on financials, operations or other activities of the Company.Chief Judicial Magistrate, Coimbatore.Orders were passed by Chief Judicial Magistrate, Coimbatore on 20.08.2025 imposing fine aggregating to Rs. 3,00,000 /- (Rs. 1.50 lakhs on factory occupier and Rs. 1.50 Lakhs on factory manager) for violations under section 7A (1)(2) of section 21(2) r/w Rule 53 (1) and Schedule III items 5 (1) & 6 (a)(b) and section 41 r/w Rule 61F, section 51,section 54, section 56 and section 59 of the Factories Act, 1948.2025-08-20Violations under section 7A (1)(2) of section 21(2) r/w Rule 53 (1) and Schedule III items 5 (1) & 6 (a)(b) and section 41 r/w Rule 61F, section 51,section 54, section 56 and section 59 of the Factories Act, 1948There is no material impact on financials, operations or other activities of the Company.Labour Court, BharuchOrders were passed by Labour Court, Bharuch on 13.09.2025 imposing fine of Rs. 20,000/- for violation of the provisions of Rule 61(7)(a)(2) of the Gujarat Factories Act, 1963 on Occupier of Dahej factory.2025-09-13Violation of Rule 61(7) (a)(2) of the Gujarat Factories Act, 1963.There is no material impact on financials, operations or other activities of the Company.There are no updates to Ongoing Tax Litigations or Disputes reported earlier to the Stock Exchanges.The Central Goods and Services Tax (CGST) Department, Government of India, Agency/Tribunal: Assistant Commissioner of Central Goods and Service Tax, Roorkee, Uttarakhand2025-09-23The Show Cause Notice raises the following major concerns: a) Excess ITC claimed in GSTR 3B as compared with GSTR 2A b) Difference in Tax amount as compared with GSTR 1 & Outward E-Way Bill. c) ITC has been taken on invoices of Suppliers who have not filed their GSTR 3B returns. The GST Department has raised objections as stated above by the Company for the financial Year 2021-22, amounting to Tax demand – Rs. 1,73,07,714/-.Reply will be filed before the due date as provided in the noticeThe State Goods and Services Tax (CGST) Department, Government of India, Agency/Tribunal: Deputy Commissioner of State Goods and Service Tax, Balasore, Odisha2025-09-29The Show Cause Notice raises the following major concerns: a) Non-reversal of ITC on receipt of Credit Note b) Non-reversal of ITC on account of non-payment to suppliers within 180 days. c) Non-submission of documents towards sale of scraps d) Tax liability reduced by EIL towards issue of credit note, however details of reversal of ITC by recipient not submitted. The GST Department has raised objections as stated above by the Company for the financial Year 2021-22, amounting to Tax demand – INR 56,06,00,928/-Reply will be filed before the due date as provided in the noticeThe State Goods and Services Tax (CGST) Department, Government of India Agency/Tribunal: Deputy Commissioner of State Goods and Service Tax, Jabalpur, Madhya Pradesh2025-09-30The Show Cause Notice raises the following major concerns: a) Excess ITC claimed in GSTR 3B as compared with GSTR 2A /2B The GST Department has raised objections as stated above by the Company for the financial Year 2019- 20, amounting to Tax demand – INR 3,65,81,446/-.Reply will be filed before the due date as provided in the noticeThe Central Goods and Services Tax (CGST) Department, Government of India Agency/Tribunal: Assistant Commissioner (Anti Evasion) of Central Goods and Service Tax, Commissionerate Dehradun, Uttarakhand.2025-06-26Reply will be filed before the due date as provided in the noticeReply filed on 26th July, 2025 and awaiting for the appropriate order to be passed by the authority.00000000000000000000000000000000All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company.trueThe Company has not given any loans (or other form of debt), gaurantees, comfort letters (by whatever name called) or securities in connection with the loans to promoters, promoter group, directors, KMP or any entity controlled by them.Rajesh GagraniCFOMumbai2025-10-21