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FINANCE LIMITED2025-04-012026-03-31Half Yearly2025-09-30EquitytruetruefalseThere is no acquisition of shares or voting rights in unlisted companies during the quarter ended September 30, 2025.truetruetruetrueTop 1000 listed entitiestruef00191OriginalThe Company has 2 ISINs: INE139R01012 (for Fully Paid up equity shares) and IN9139R01028 (for Partly Paid up equity shares).1. As on September 30,2025 there is no chairperson. As per BSE Notice No. 20230410-45 and NSE Circular ref.no.NSE/CML/2023/31 and only for the submission of CG Report, Ms. Namrata Kaul, Independent Director of the company who chaired the latest board Meeting, is mentioned as Chairperson in the CGR. 2. Mr. Rajeev Sardana (DIN: 06648276) was appointed as an Additional Non- Executive Independent Director of the company w.e.f. September 04, 2025 which was subsequently approved by the shareholders of the company via Postal Ballot on October 19, 2025. 3. Mr. Narendra Ostawal (DIN: 06530414) resigned from the position of Non- Executive Director of the company w.e.f. September 04, 2025. 4. Mr. Hemant Omprakash Mundra (DIN: 08192978) was appointed as an Additional Non- Executive Director of the company w.e.f. September 04, 2025 which was subsequently approved by the shareholders of the company via Postal Ballot on October 19, 2025. 5. Mr. Sanjay Garyali (DIN: 11046442) was appointed as Chief Executive Officer of the company w.e.f. March 17, 2025. Further, he was redesignated as "Whole Time director and Chief Executive Officer" of the company w.e.f. August 18, 2025, which was subsequently approved by the shareholders of the company via Postal Ballot on October 19, 2025. Further, the Board of Director's of the company has approved the appointment of Mr. Sanjay Garyali as "Managing Director & Chief Executive Officer" w.e.f. September 30, 2025. 6. Mr. Devesh Sachdev (DIN: 02547111) resigned from the position of Managing Director of the Company w.e.f. September 30, 2025 and is redesignated as Director of the company. 7. While ascertaining the limit of membership/chairmanship in Audit and Stakeholder Relationship Committee, any private company with listed NCDs is excluded.falsefalseMrDEVESH SACHDEV******02547111Non-Executive - Non Independent DirectorNot Applicable1972-12-25falseActiveNA2009-11-052023-12-05190.251010MrNARENDRA OSTAWAL******06530414Non-Executive - Nominee DirectorNot Applicable1977-11-13falseInactiveNA2018-12-052024-09-272025-09-0481.252020OthersMrKENNETH DAN VANDER WEELE******02545813Non-Executive - Nominee DirectorNot Applicable1953-04-22falseActiveNA2016-08-122023-09-29109.181000MrsNAMRATA KAUL******00994532Non-Executive - Independent DirectorChairperson1964-03-15falseActiveNA2020-02-182023-02-1867.124485MrsRATNA DHARASHREE VISHWANATHAN******07278291Non-Executive - Independent DirectorNot Applicable1963-04-15falseActiveNA2018-05-242023-05-2488.064453MrPUNEET GUPTA******02728604Non-Executive - Independent DirectorNot Applicable1973-10-25falseActiveNA2024-10-0511.251120MrHEMANT OMPRAKASH MUNDRA******08192978Non-Executive - Non Independent DirectorNot Applicable1988-10-04falseActiveNA2025-09-040.273040MrRAJEEV SARDANA******06648276Non-Executive - Independent DirectorNot Applicable1962-11-09falseActiveNA2025-08-181.122210MrSANJAY GARYALI******11046442Executive DirectorNot ApplicableCEO-MD1970-11-24falseActiveNA2025-08-181.121010truefalsetruetruetrueAudit Committee00994532NAMRATA KAULNon-Executive - Independent DirectorChairperson2020-02-18Audit Committee02728604PUNEET GUPTANon-Executive - Independent DirectorMember2024-10-05Audit Committee08192978HEMANT OMPRAKASH MUNDRANon-Executive - Non Independent DirectorMember2025-09-04Audit Committee07278291RATNA DHARASHREE VISHWANATHANNon-Executive - Independent DirectorMember2025-06-10Audit Committee06648276RAJEEV SARDANANon-Executive - Independent DirectorMember2025-09-04Mr. Rajeev Sardana (DIN: 06648276) was appointed as a member of the committee w.e.f. September 04, 2025. Audit Committee06530414NARENDRA OSTAWALNon-Executive - Nominee DirectorMember2019-01-302025-09-04Nomination and remuneration committee07278291RATNA DHARASHREE VISHWANATHANNon-Executive - Independent DirectorChairperson2025-06-10Mr. Hemant Omprakash Mundra (DIN: 08192978) was appointed as the member of the committee w.e.f. September 04, 2025. Nomination and remuneration committee00994532NAMRATA KAULNon-Executive - Independent DirectorMember2020-02-18Nomination and remuneration committee08192978HEMANT OMPRAKASH MUNDRANon-Executive - Non Independent DirectorMember2025-09-04Mr. Hemant Omprakash Mundra (DIN: 08192978) was appointed as the member of the committee w.e.f. September 04, 2025. Nomination and remuneration committee02728604PUNEET GUPTANon-Executive - Independent DirectorMember2024-10-05Nomination and remuneration committee06530414NARENDRA OSTAWALNon-Executive - Nominee DirectorMember2019-01-302025-09-04Mr. Narendra Ostawal (DIN: 06530414) resigned from the committee w.e.f. September 04, 2025. Stakeholders Relationship Committee07278291RATNA DHARASHREE VISHWANATHANNon-Executive - Independent DirectorChairperson2018-05-24Stakeholders Relationship Committee11046442SANJAY GARYALIExecutive DirectorMember2025-09-04Mr. Sanjay Garyali (DIN: 11046442) was appointed as the member of the committee w.e.f. September 04, 2025. Stakeholders Relationship Committee02547111DEVESH SACHDEVNon-Executive - Non Independent DirectorMember2009-11-05Stakeholders Relationship Committee00994532NAMRATA KAULNon-Executive - Independent DirectorMember2020-02-18Stakeholders Relationship Committee02728604PUNEET GUPTANon-Executive - Independent DirectorMember2024-10-05Risk Management Committee00994532NAMRATA KAULNon-Executive - Independent DirectorChairperson2020-02-18Risk Management Committee11046442SANJAY GARYALIExecutive DirectorMember2025-09-04Mr. Sanjay Garyali (DIN:11046442) was appointed as the member of the committee w.e.f. September 04, 2025. Risk Management Committee02728604PUNEET GUPTANon-Executive - Independent DirectorMember2024-10-05Risk Management Committee06648276RAJEEV SARDANANon-Executive - Independent DirectorMember2025-09-04Risk Management Committee08192978HEMANT OMPRAKASH MUNDRANon-Executive - Non Independent DirectorMember2025-09-04Mr. Hemant Omprakash Mundra (DIN: 08192978) was appointed as the member of the committee w.e.f. September 04, 2025. Risk Management Committee99999999SANJAY CHOUDHARYChief Risk OfficerMember2021-05-26Non Director MemberRisk Management Committee06530414NARENDRA OSTAWALNon-Executive - Nominee DirectorMember2019-01-302025-09-04Mr. Narendra Ostawal (DIN: 06530414) resigned from the committee w.e.f. September 04, 2025. Risk Management Committee02547111DEVESH SACHDEVNon-Executive - Non Independent DirectorMember2016-02-12Corporate Social Responsibility Committee07278291RATNA DHARASHREE VISHWANATHANNon-Executive - Independent DirectorChairperson2018-05-24Corporate Social Responsibility Committee11046442SANJAY GARYALIExecutive DirectorMember2025-09-04Mr. Sanjay Garyali (DIN:11046442) was appointed as the member of the committee w.e.f. September 04, 2025. Corporate Social Responsibility Committee02547111DEVESH SACHDEVNon-Executive - Non Independent DirectorMember2009-11-05Corporate Social Responsibility Committee02728604PUNEET GUPTANon-Executive - Independent DirectorMember2024-10-052025-05-14true6632025-05-238true6522025-06-1017true6632025-06-2110true6632025-08-0847true6532025-08-178true6532025-09-0417true8842025-09-30true884Corporate Social Responsibility Committee2025-05-22true3320Corporate Social Responsibility Committee2025-08-0776true3320Stakeholders Relationship Committee2025-05-22true3320Stakeholders Relationship Committee2025-08-0776true4430Risk Management Committee2025-05-23true4421Risk Management Committee2025-08-0876true5521Nomination and remuneration committee2025-05-23true3320Nomination and remuneration committee2025-06-1017true3320Nomination and remuneration committee2025-06-121true4430Nomination and remuneration committee2025-06-218true4430Nomination and remuneration committee2025-08-0847true4430Nomination and remuneration committee2025-08-178true4430Nomination and remuneration committee2025-09-0417true4430Nomination and remuneration committee2025-09-3025true4430Audit Committee2025-05-23true3320Audit Committee2025-06-1017true3320Audit Committee2025-06-2110true4430Audit Committee2025-08-0847true4430Audit Committee2025-09-3052true4430truetruetruetrueYestruetruetrueVikrant SadanaCompany Secretary and Compliance OfficerYesYesYesYesYesYesYesYesVikrant SadanaCompany Secretary and Compliance OfficerfalseVikrant SadanaCompany Secretary and Compliance OfficerGurugram2025-10-3009900Chief Judicial Magistrate, Gautam Budh NagarPenalty paid and case is closed2025-08-07Under Section 10 of Equal Remuneration Act, 1976INR 10,000/-Income Tax Department- Ward Int Tax 1(3)(1)2024-06-14NAThe Company has received order under section 201 of Income Tax Act, 1961 for AY 2021-22 on 14th June 2024 and directed to make payment of INR 11,18,43,066/-. The alleged order under section 201 of the Act pertains to the non-deduction/lower deduction of tax on interest payment made to foreign NCD holders and the Company has been treated as “deemed to be an assessee in default”. It has been alleged that interest payment attracts tax withholding @ 20% plus cess and surcharge u/s 196D read with section 115AD of the Act instead of tax already withheld @5% plus cess and surcharge under section 194LD of the Act. Against the aforesaid order, the company has filed Appeal before Commissioner of Income-tax (Appeals)- 42 on 12th July 2024. Subsequently, the Company has received an appeal order under section 250 of Income Tax Act, 1961 dated 28th July 2025, where demand of INR 11,18,43,066/- has been deleted. The Company has now received an intimation of appeal filed by Income Tax Department- Ward Int Tax 1(3)(1) before Income Tax Appellate Tribunal, New Delhi (ITAT) dated 16th Oct 2025 against order under section 250 of Income Tax Act, 1961, where total demand of INR 11,18,43,066/- has been disputedIncome Tax Department- Ward Int Tax 1(3)(1)2024-06-14NAThe Company has received order under section 201 of Income Tax Act, 1961 for AY 2020-21 on 14th June 2024 and directed to make payment of INR 16,62,03,454/-. The alleged order under section 201 of the Act pertains to the non-deduction/lower deduction of tax on interest payment made to foreign NCD holders and the Company has been treated as “deemed to be an assessee in default”. It has been alleged that interest payment attracts tax withholding @ 20% plus cess and surcharge u/s 196D read with section 115AD of the Act instead of tax already withheld @5% plus cess and surcharge under section 194LD of the Act. Against the aforesaid order, the company has filed Appeal before Commissioner of Income-tax (Appeals)- 42 on 12th July 2024. Subsequently, the Company has received an appeal order under section 250 of Income Tax Act, 1961 dated 28th July 2025, where demand of INR 16,62,03,454/- has been deleted. The Company has now received an intimation of appeal filed by Income Tax Department- Ward Int Tax 1(3)(1) before Income Tax Appellate Tribunal, New Delhi (ITAT) dated 16th Oct 2025 against order under section 250 of Income Tax Act, 1961, where total demand of INR 16,62,03,454/- has been disputedJoint Commissioner Corporate Circle, Varanasi, Uttar Pradesh2025-09-26NAThe Company has received a show cause notice under Section 73 CGST Act or UPGST and is directed to make payment of INR 2,84,36,461.00000000000000000000000000000000All 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.trueNAMr. Amandeep SinghCFOGURUGRAM2025-10-30