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INDUSTRIES LIMITED2025-04-012026-03-31Yearly2026-03-31EquitytruetruefalseNot ApplicablefalseNot ApplicabletruefalseNot ApplicabletrueTop 500 listed entitiestruef00039OriginaltruefalseMrPrakash Pralhad Chhabria******00016017Executive DirectorChairperson related to Promoter1963-05-06falseActiveNA1992-03-131010MrsRitu Prakash Chhabria******00062144Non-Executive - Non Independent DirectorNot Applicable1967-07-03falseActiveNA2015-03-211000MrsKanchan Uday Chitale******00007267Non-Executive - Independent DirectorNot Applicable1952-12-19falseActiveYes2023-08-282019-04-01811173MrMunesh Khanna******00202521Non-Executive - Independent DirectorNot Applicable1962-05-12falseActiveNA2024-09-1915.1366104MrAditya Sapru******00501437Non-Executive - Independent DirectorNot Applicable1968-08-27falseActiveNA2024-09-1915.133381MrVijay N Bhatt******00751001Non-Executive - Independent DirectorNot Applicable1959-05-09falseActiveNA2024-09-1915.134464MrDebabrata Sarkar******02502618Non-Executive - Independent DirectorNot Applicable1953-11-03falseActiveNA2024-09-1915.135571MrPradeep Udhas******02207112Non-Executive - Independent DirectorNot Applicable1958-10-13falseActiveNA2024-09-3015.024451MrUdipt Agarwal******11219144Executive DirectorNot ApplicableMD1969-06-23falseActiveNA2025-08-021000MrRambabu Sanka******11218997Executive DirectorNot Applicable1962-08-01falseActiveNA2025-08-021000truetruetruetruetrueAudit Committee00751001Vijay N BhattNon-Executive - Independent DirectorChairperson2024-09-30Audit Committee00007267Kanchan Uday ChitaleNon-Executive - Independent DirectorMember2019-09-20Audit Committee02502618Debabrata SarkarNon-Executive - Independent DirectorMember2024-09-30Audit Committee00202521Munesh KhannaNon-Executive - Independent DirectorMember2024-09-30Audit Committee00501437Aditya SapruNon-Executive - Independent DirectorMember2024-09-30Audit Committee02207112Pradeep UdhasNon-Executive - Independent DirectorMember2024-10-24Nomination and remuneration committee02502618Debabrata SarkarNon-Executive - Independent DirectorChairperson2024-09-30Nomination and remuneration committee00007267Kanchan Uday ChitaleNon-Executive - Independent DirectorMember2019-09-20Nomination and remuneration committee00751001Vijay N BhattNon-Executive - Independent DirectorMember2024-09-30Nomination and remuneration committee00202521Munesh KhannaNon-Executive - Independent DirectorMember2024-09-30Nomination and remuneration committee00501437Aditya SapruNon-Executive - Independent DirectorMember2024-09-30Nomination and remuneration committee02207112Pradeep UdhasNon-Executive - Independent DirectorMember2024-10-24Stakeholders Relationship Committee00202521Munesh KhannaNon-Executive - Independent DirectorChairperson2024-09-30Stakeholders Relationship Committee00016017Prakash Pralhad ChhabriaExecutive DirectorMember2012-08-11Stakeholders Relationship Committee00751001Vijay N BhattNon-Executive - Independent DirectorMember2024-09-30Stakeholders Relationship Committee00007267Kanchan Uday ChitaleNon-Executive - Independent DirectorMember2019-09-20Stakeholders Relationship Committee00501437Aditya SapruNon-Executive - Independent DirectorMember2024-09-30Stakeholders Relationship Committee02502618Debabrata SarkarNon-Executive - Independent DirectorMember2024-09-30Stakeholders Relationship Committee02207112Pradeep UdhasNon-Executive - Independent DirectorMember2024-10-24Risk Management Committee00007267Kanchan Uday ChitaleNon-Executive - Independent DirectorChairperson2019-09-20Risk Management Committee00016017Prakash Pralhad ChhabriaExecutive DirectorMember2012-08-11Risk Management Committee00751001Vijay N BhattNon-Executive - Independent DirectorMember2024-09-30Risk Management Committee00202521Munesh KhannaNon-Executive - Independent DirectorMember2024-09-30Risk Management Committee00501437Aditya SapruNon-Executive - Independent DirectorMember2024-09-30Risk Management Committee02502618Debabrata SarkarNon-Executive - Independent DirectorMember2024-09-30Risk Management Committee02207112Pradeep UdhasNon-Executive - Independent DirectorMember2024-10-24Corporate Social Responsibility Committee00062144Ritu Prakash ChhabriaNon-Executive - Non Independent DirectorChairperson2015-08-07Corporate Social Responsibility Committee00016017Prakash Pralhad ChhabriaExecutive DirectorMember2012-08-11Corporate Social Responsibility Committee00751001Vijay N BhattNon-Executive - Independent DirectorMember2024-09-30Corporate Social Responsibility Committee00007267Kanchan Uday ChitaleNon-Executive - Independent DirectorMember2019-09-20Corporate Social Responsibility Committee00202521Munesh KhannaNon-Executive - Independent DirectorMember2024-09-30Corporate Social Responsibility Committee00501437Aditya SapruNon-Executive - Independent DirectorMember2024-09-30Corporate Social Responsibility Committee02502618Debabrata SarkarNon-Executive - Independent DirectorMember2024-09-30Corporate Social Responsibility Committee02207112Pradeep UdhasNon-Executive - Independent DirectorMember2024-10-242025-11-07true10862026-01-3184true10106Audit Committee2025-11-07true6660Audit Committee2026-01-3184true6660Stakeholders Relationship Committee2025-11-07true7660Stakeholders Relationship Committee2026-01-3184true7760Corporate Social Responsibility Committee2025-11-07true8660Corporate Social Responsibility Committee2026-01-3184true8860Risk Management Committee2025-11-07true7660truetruetruetrueYestruetruetrueDakshinamurthy IyerCompany Secretary and Compliance OfficerYeshttps://www.finolexpipes.com/product/Yeshttps://www.finolexpipes.com/investors/compliance-report/Yeshttps://www.finolexpipes.com/investors/compliance-report/Yeshttps://www.finolexpipes.com/investors/compliance-report/Yeshttps://www.finolexpipes.com/investors/corporate-governance/Yeshttps://www.finolexpipes.com/investors/policies-code-of-conduct/Yeshttps://www.finolexpipes.com/investors/policies-code-of-conduct/Yeshttps://www.finolexpipes.com/investors/policies-code-of-conduct/Yeshttps://www.finolexpipes.com/investors/policies-code-of-conduct/Yeshttps://www.finolexpipes.com/investors/policies-code-of-conduct/Yeshttps://www.finolexpipes.com/investors/compliance-report/Yeshttps://www.finolexpipes.com/investors/investors-relations-centre/Yeshttps://www.finolexpipes.com/investors/investors-relations-centre/Yeshttps://www.finolexpipes.com/investors/financials/Yeshttps://www.finolexpipes.com/investors/shareholding-pattern/NAYeshttps://www.finolexpipes.com/investors/analyst-coverage/Yeshttps://www.finolexpipes.com/investors/financials/NAYeshttps://www.finolexpipes.com/investors/compliance-report/Yeshttps://www.finolexpipes.com/investors/compliance-report/NAYeshttps://www.finolexpipes.com/investors/compliance-report/Yeshttps://www.finolexpipes.com/investors/policies-code-of-conduct/Yeshttps://www.finolexpipes.com/investors/policies-code-of-conduct/Yeshttps://www.finolexpipes.com/investors/compliance-report/NAYeshttps://www.finolexpipes.com/investors/policies-code-of-conduct/Yeshttps://www.finolexpipes.com/investors/financials/Yeshttps://www.finolexpipes.com/investors/compliance-report/Yeshttps://www.finolexpipes.com/investors/compliance-report/Yeshttps://www.finolexpipes.com/investors/compliance-report/YesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesNANAYesYesYesYesYesYesYesYesYesYesYesYesDakshinamurthy IyerCompany Secretary and Compliance OfficerNADakshinamurthy IyerCompany Secretary and Compliance OfficerfalseDakshinmaurthy IyerCompany Secretary and Compliance OfficerPune2026-04-2909811Joint Commissioner of CGST, Pune – I Commissionerate, Pune2023-12-05The order was passed disallowing TRAN-1 credit under Section 73 of the CGST Act 2017 to pay tax of Rs.3,15,63,781/- along with penalty of Rs.31,56,378/- under Section 122(2) and interest as applicable under Section 50(3)of the CGST Act 2017.The matter relating to disallowance of ISD credit transferred through TRAN‑1 was earlier disputed before the Hon’ble Bombay High Court, which remanded it back to the jurisdictional officer; the company subsequently filed a follow‑up letter with the officer and, based on its assessment and prevailing law, reasonably expected a favorable outcome with no material impact on its financial position, operations, or other activities. The proceedings have now been conclusively resolved, as the Joint Commissioner of CGST, Pune II Commissionerate has dropped the demand order (Order No. ZD2712250096877 dated 02‑12‑2025).Joint Commissioner of CGST, Pune – I Commissionerate, Pune2024-01-02The order was passed for the tax demand of Rs.1,25,29,080/- (which was already paid by the Company and appropriated against the demand) and levied a penalty of Rs.12,52,908/- under Section 73(9) and interest of Rs.26,56,851/- under Section 50 of the Central Goods and Services Tax Act, 2017 (CGST Act, 2017).The Company is in the process of availing the amnesty scheme for interest and penalty. Based on its assessment and the prevailing legal framework, the Company reasonably expects a favorable outcome. Accordingly, there is no material impact on the financial position, operations, or other activities of the Company. The said case has now been closed. Order for closure of proceedings has been received. Ref No- ZD270725097319R , Date: 22/07/2025Assistant Commissioner of CGST, Division – II, Vadodara – I2024-07-30The order was passed for the tax demand of Rs.29,488 /- (Rupees Twenty Nine Thousand Four Hundred and Eighty Eight Only) along with applicable interest under Section 73(9) of the Central Goods and Services Tax Act, 2017 (CGST Act, 2017) and levied a penalty of Rs.20,000/- (Rupees Twenty Thousand Only) under the provision of Section 122(2)(a) read with Section 73(1) of the State Goods and Services Tax Act, 2017 (SGST Act, 2017) and Integrated Goods and Services TaxThe Company has paid the tax dues and filed an application under amenesty scheme for interest and penalty. The said case has now been closed. Order for closure of proceedings has been received. Reference No: ZD240325105467L, Date: 27/03/2025Office of the Commissioner of Central GST, Kolhapur, Maharashtra2024-08-06A. Notice – I DGCEI/MZU/I&S‘C’/30-74/2012/10593/2279 dated 20.11.2013: 2010-11 to August 2013 - Ordered a tax demand of Rs.59,62,857/- (Rupees fifty Nine Lakh Sixty Two Thousand Eight Hundred and Fifty Seven Only) on the Input Credit amount of Rs.3,96,97,519/- (Rupees Three Crore Ninety Six Lakh Ninety Seven Thousand Five Hundred and Nineteen Only) and interest as applicable on the tax demand; - Ordered for recovery of interest of Rs.38,61,104/- (Rupees Thirty Eight Lakh Sixty One Thousand One Hundred and Four Only) on the delayed payment of due of Rs.3,37,34,632/- (Rupees Three Crore Thirty Seven Lakh Thirty Four Thousand Six Hundred and Thirty Two Only); - Further, imposed a penalty equivalent to the amount of demand (excluding Cenvat credit already reversed) of Rs.3,96,97,519/- (Rupees Three Crore Ninety Six Lakh Ninety Seven Thousand Five Hundred and Nineteen Only) under Rule 15(2) of the Cenvat Credit Rules, 2004 read with Section 11 AC of the Central Excise Act, 1944; & - Further, as per the said Order, if the Company pays the balance confirmed demand of Rs.59,62,887/- (Rupees Fifty Nine Lakh Sixty Two Thousand Eight Hundred and Eighty Seven only) along with requisite interest for short payment and interest for delayed payment within 30 days from the date of receipt of this order, penalty shall stand reduced to 25% i.e., Rs.99,24,380/- (Rupees Ninety Nine Lakh Twenty Four Thousand Three Hundred and Eighty Only). The benefit shall be given provided the reduced penalty amount is also paid within 30 days. B. Notice – II: F. No. V(39)15-265/ADJ/COMMR.KOP/14 dated 20.09.2014: September 2013 to June 2014 - Ordered a tax demand of Rs.2,10,189/- (Rupees Two Lakh Ten Thousand One Hundred and Eighty Nine Only) on the Input Credit amount of Rs.17,43,395/- (Rupees Seventeen lakh forty three thousand three hundred and Ninety Five only) and interest as applicable on the tax demand; - Ordered for recovery of interest of Rs.7,254/- (Rupees Seven Thousand Two Hundred and Fifty Four Only) on the delayed payment of Rs.15,33,206/- (Rupees Fifteen Lakh Thirty Three Thousand Two Hundred and Six Only); - Imposed a penalty equivalent to the amount of demand (excluding Cenvat Credit already reversed) of Rs.17,43,395/- (Rupees Seventeen Lakh Forty Three Thousand Three Hundred and Ninety Five Only) under Rule 15(1) of the Cenvat Credit Rules, 2004; & - Further, as per the said Order, if the Company pays the balance confirmed demand of Rs.2,10,189/- (Rupees Two Lakh Ten Thousand One Hundred and Eighty Nine Only) along with requisite interest for short payment and interest for delayed payment within 30 days from the date of receipt of this order, penalty shall stand reduced to 25% i.e. Rs.4,35,849/- (Rupees Four Lakh Thirty Five Thousand Eight Hundred and Forty Nine Only). The benefit shall be given provided the reduced penalty amount is also paid within 30 days.The Company has filed an appeal before CESTAT against this order. Based on the Company’s assessment and prevailing law, the Company reasonably expects a favorable outcome and there is no material impact of the same on financial, operations or other activities of the Company.ASSISTANT COMMISSIONER STATE TAX CIRCLE-13, INDORE2025-12-30The order has been passed for a tax demand of ₹14,112/-, along with interest of ₹17,774/- and a penalty of ₹14,112/- under Section 74 of the Central Goods and Services Tax Act, 2017 (CGST Act, 2017). Reason: The demand has arisen due to the duplicate generation of an e-way bill for a single invoice.The Company had submitted its reply against Show Cause Notice (SCN) No. ZD230525033163U dated 28‑05‑2025. However, the reply was not accepted by the adjudicating officer, pursuant to which a DRC‑07 order was issued raising a demand aggregating to ₹45,998, comprising tax of ₹14,112, interest of ₹17,774, and penalty of ₹7,056. The said amount has been paid under protest to avoid escalation of the matter and additional costs of litigation. The case is currently pending issuance of the closure order by the GST authorities.