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Non Independent DirectorChairperson1952-09-07falseActiveNA2006-10-302000MrAnkit Agarwal******03344202Executive DirectorNot ApplicableMD1983-12-01falseActiveNA2021-01-202010MrPravin Agarwal******00022096Executive DirectorNot Applicable1954-10-16falseActiveNA2006-10-302010MrSubramanian Madhavan******06451889Non-Executive - Independent DirectorNot Applicable1956-10-27falseActiveNA2021-01-202021-01-2059.416665MrBangalore Jayaram Arun******02497125Non-Executive - Independent DirectorNot Applicable1962-12-17falseActiveNA2021-01-202021-01-2059.412230MsAmrita Gangotra******08333492Non-Executive - Independent DirectorNot Applicable1965-08-03falseActiveNA2024-05-082024-05-0819.826693MrRajiv Ghanshyamdas Agarwal******00518199Non-Executive - Independent DirectorNot Applicable1968-05-26falseActiveNA2025-05-222025-05-227.362241MrVenkatesh Murthy******08567907Executive DirectorNot Applicable1972-06-19falseActiveNA2023-08-111000truetruetruetruetrueAudit Committee06451889Subramanian MadhavanNon-Executive - Independent DirectorChairperson2021-01-20Audit Committee02497125Bangalore Jayaram ArunNon-Executive - Independent DirectorMember2024-10-15Audit Committee08333492Amrita GangotraNon-Executive - Independent DirectorMember2024-10-30Audit Committee00518199Rajiv Ghanshyamdas AgarwalNon-Executive - Independent DirectorMember2025-05-22Nomination and remuneration committee02497125Bangalore Jayaram ArunNon-Executive - Independent DirectorChairperson2021-01-20Nomination and remuneration committee06451889Subramanian MadhavanNon-Executive - Independent DirectorMember2021-01-20Nomination and remuneration committee08333492Amrita GangotraNon-Executive - Independent DirectorMember2024-10-15Nomination and remuneration committee00010883Anil Kumar AgarwalNon-Executive - Non Independent DirectorMember2021-10-21Nomination and remuneration committee00518199Rajiv Ghanshyamdas AgarwalNon-Executive - Independent DirectorMember2025-05-22Stakeholders Relationship Committee08333492Amrita GangotraNon-Executive - Independent DirectorChairperson2024-10-15Stakeholders Relationship Committee03344202Ankit AgarwalExecutive DirectorMember2021-01-20Stakeholders Relationship Committee00518199Rajiv Ghanshyamdas AgarwalNon-Executive - Independent DirectorMember2025-05-22Risk Management Committee08333492Amrita GangotraNon-Executive - Independent DirectorChairperson2024-10-15Risk Management Committee03344202Ankit AgarwalExecutive DirectorMember2021-01-20Risk Management Committee02497125Bangalore Jayaram ArunNon-Executive - Independent DirectorMember2025-05-22Risk Management Committee08178801Ajay jhanjhariChief Financial OfficerMember2025-05-22Mr. Ajay Jhanjhari, Chief Financial Officer of the Company, appointed as a Member of the Risk Management Committee w.e.f. May 22, 2025.Corporate Social Responsibility Committee00518199Rajiv Ghanshyamdas AgarwalNon-Executive - Independent DirectorChairperson2025-05-22Corporate Social Responsibility Committee08333492Amrita GangotraNon-Executive - Independent DirectorMember2024-05-08Corporate Social Responsibility Committee03344202Ankit AgarwalExecutive DirectorMember2021-01-20Corporate Social Responsibility Committee00022096Pravin AgarwalExecutive DirectorMember2014-04-302025-07-25true8842025-11-06103true864Audit Committee2025-07-24true4440Audit Committee2025-10-1481true4440Audit Committee2025-11-0622true4440Risk Management Committee2025-07-24true3321Nomination and remuneration committee2025-07-250true5440Nomination and remuneration committee2025-10-1480true5440Nomination and remuneration committee2025-11-0622true5330Stakeholders Relationship Committee2025-07-25true3320Corporate Social Responsibility Committee2025-10-14true4320truetruetruetrueYestruetruetrueMrunal AsawadekarCompany Secretary and Compliance OfficerfalseMrunal AsawdekarCompany Secretary and Compliance OfficerPune2026-01-0911201210-1The Customs authority of India2002-12-31The case is linked with the main EOU matter.The department’s contention is that there is a 'procedural' lapse as use of RM has to be for 'intended purpose' and 'his factory'. The CESTAT has directed that the appeal be disposed of at present, with liberty granted to STL to take appropriate steps to revive the appeals and get the same heard once the main EOU matter is concluded by the Supreme Court. STL has lodged Writ Petition No. 523 of 2017, challenging the aforesaid Order of the CESTAT before the Bombay High Court. Writ petition filed before Bombay High Court (Aurangabad Bench) has been withdrawn in terms of the Tribunal order dated 2 Sept 2016; STL had submitted a letter to the Tribunal for relisting of the appeal.During the recent hearing in respect of EOU main matter, the submissions made have been acknowledged by the Hon’ble Supreme Court and for legal validation, the matter has been referred to the Tribunal for further proceedings.No change in the status as compare to LastService Tax2021-10-14The Authorities have issued four separate Show Cause Notices to four different Service tax registrations of the Company (i.e. Waluj, Shendra, Odisha and closed unit of Waluj) demanding Service tax liability on difference between value of services appearing in 26AS vis-à-vis respective Service tax registrations. • STL has submitted detailed reply against these Show cause notices. Hearing is awaited from the Commissioner. The personal hearing was completed. Post completion of hearing, Order In Original is passed on 31.10.2023 and received on 6.11.2023 by dropping 2 SCNs raised on same PAN and partially dropping the 3rd SCN of INR 5.62 Cr. Now the order stands for 50.72Cr. Order in Original for Droping of Service Tax Demand against order passed by Odisa Service tax authority has been passed, Now only one SCN has been open, against Such SCN Company has filed writ petition with bombay HC.No change in the status as compare to LastIncome Tax Department 2017-08-04As per the company policy, STL has claimed ESOP expenditures as debited to P & L Account.The said expense represents the option discount i.e. excess of market price of the share at the grant date of the option. STL has submitted that the amount written off is as required by the SEBI guidelines and hence, entire expenditure need to be allowed as deduction. The AO disallowed the same stating that the Assessee company has failed to bring on record the actual number of options exercised by the employees. In view of the fact, said expenditure has not been crystallized in the previous year, and the said expenditure is contingent, notional and more over capital in nature, and hence, the claim of the Assessee is rejected. The company has filed appeals before CIT (A) and Mumbai High Court. AY 2001-02, AY 2008-09 & AY 2009-10 Pending before Bombay HC. AY 2016-17 and AY 2021-22 Pending before ITAT. Balance cases are Pending before Commissioner of Income Tax (Appeals). Date of intiation of the litigation is different for every assessment year, the same are mentioned below: AY 2008-09 & 2009-10 - 04-08-2017 AY 2001-02 - 16-11-2007 AY 2014-15 - 19-02-2018 AY 2015-16- 23-01-2018 AY 2016-17 - 15-01-2019 (CIT(A)) and 08-02-2024 for ITAT AY 2017-18 - 14-01-2020 AY 2018-19 - 25-03-2021 AY 2020-21 - 28-10-2022 AY 2021-22 - 26-12-2024 (ITAT). AY 2001-02, AY 2008-09 & AY 2009-10 Pending before Bombay HC. AY 2016-17 and AY 2021-22 Pending before ITAT. Balance cases are Pending before Commissioner of Income Tax (Appeals). 1. Appeal filed for AY 2009-10 has been disposed off by the high court 2. Appeal filed for AY 2016-17 We have received Favourable order from ITAT 3. For other years no change in the statusNo change in the status as compare to LastThe Customs authority of India2025-01-08STL has filed Special Leave Petition against High Court order and Civil Appeal against CESTAT order. The Supreme Court has noted that the Departmental Appeal against CESTAT order is still pending before the High Court. The Supreme Court, while disposing of the Special Leave Petition of STL, directed that the records of the Departmental Appeal be transferred to the Supreme Court. During the hearing the Bench framed specific questions for determination on the basis of the submissions made. In the meanwhile, STL had filed an appeal withdrawal application to the extent of Excise matters by opting Sabka Vikas Legacy Dispute Resolution scheme.And for applicabiliy of the said scheme to STL case, the said application was taken up for hearing on 9 Sept 2020 and partial withdrawal was allowed. Hence, the appeal before Supreme Court is limited to the redemption fine imposed under the Customs Act.The Supreme Court has remanded the matter to Bombay High Court and the Appeal is pending with Hon'ble Bombay High Court and waiting for hearing.No change in the status as compare to LastIncome Tax Department 2018-02-19STL has considered net disallowance under section 43B in its return of income for computing taxable income under normal provisions. STL has not considered such disallowance for the purpose of computing book profit under section 115JB of the Act. The learned Assessing Officer in the assessment order has imputed disallowance under Section 43B for purpose of computing book profits under Section 115JB of the Act. The company has filed an appeal before CIT (A). AY 2014-15 and 2015-16 pending before Commissioner of Income Tax (Appeals), AY 2016-17 pending before Income Tax Appellate Tribunal. Date of intiation of the litigation is different for every assessment year, the same are mentioned below: AY 2014-15 - 19-02-2018 AY 2015-16- 23-01-2018 AY 2016-17 - 15-01-2019.AY 2014-15 and 2015-16 pending before Commissioner of Income Tax (Appeals), AY 2016-17 pending before Income Tax Appellate Tribunal. 1. We have received favourable order from ITAT for appeal filed for AY 2016-17 2. For other years no change in the statusFavourable order for all assessment year has been receivedDirectorate General of Intelligence (“DGGI”)2024-07-02Basis the investigation carried out by Directorate General of Intelligence (“DGGI”), show cause notice was issued to the Company demanding GST on account of non-inclusion of management salary cost while raising invoices on distinct persons qua support services provided by the corporate office. At the investigation stage, there were mixed views regarding applicability of GST on employee cost based on the Appellate Advance Rulings passed in the matter of Columbia Asia Hospitals Private Limited as well as Cummins India Limited. Thus, the demand raised by the Authorities of INR 21.51 Crs was already paid by the Company before issuance of Show Cause notice (“SCN”). However, pursuant to issuance of SCN, the underlying issue of inclusion of employee cost while raising invoices qua cross charge has been clarified by Central Board of Indirect Taxes and Customs (“CBIC”) vide Circular No. 199/11/2023-GST dated July 17, 2023 (“Circular”). The said Circular has clearly clarified that employee cost of the Head office is not mandatorily required to be included while computing the taxable value for cross charge, even in cases where full input tax credit is not available to the concerned branch offices. It is settled position that circulars issued by the CBIC, are binding the Authorities. Accordingly, in terms of the said Circular, the Company has good case on merits. In any event, it is settled position in law that in case of interpretational issue, penalty cannot be levied. Given the above, the Company has good case on merits. The Company has filed an appeal before Commissioner (Appeals) against the order passed by the Additional Commissioner confirming the demand of interest and penalty and matter is pending with Commissioner (Appeals).No change in the status as compare to LastAssistant State tax officer, State Tax, Goa2025-02-25The officer has passed an order confirming the demand of INR 5.50 Cr on the basis of the difference in taxable value appearing in GSTR-7 (i.e. GST TDS certificate) and GSTR-3B and non-reversal of excess TDS credit claimed by Rs 0.29 Cr along with interest and penalty. The Company is in the process of filing an appeal/writ petition against the said order.No change in the status as compare to Last