Allcargo Gati (Delisted) CEO, MD, chairman, board of directors and AGM

BSE: 532345Transport Services

Formerly GATI

Last traded ₹66.05 on 11 Nov 2025

Delisted on 16 Jan 2026.

Allcargo Gati board of directors

At the end of the quarter to Sep 2025, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonShashi Kiran Janardhan ShettyRelated to the promoter
  • Managing director and CEOKetan Nishikant Kulkarni
  • Company Secretary and Compliance OfficerShekhar R Singh

8 directors4 independent1 executive3 non-executive

  • Shashi Kiran Janardhan Shetty · ChairpersonNon-executive · joined Feb 2020 · reappointed Feb 2020 · 2 listed boards · 1 committee seat
  • Kaiwan Dossabhoy KalyaniwallaNon-executive · joined Feb 2020 · reappointed Feb 2020 · 4 listed boards · 3 committee seats
  • Nilesh Shivji VikamseyIndependent · joined Feb 2021 · reappointed Feb 2021 · 55 months as independent · 4 listed boards · 4 as independent · 9 committee seats, 4 as chair
  • Dinesh Kumar LalIndependent · joined Jul 2020 · reappointed Jul 2025 · 62 months as independent · 4 listed boards · 4 as independent · 7 committee seats, 2 as chair
  • Vinita Dang MohoniIndependent · joined Jun 2023 · reappointed Jun 2023 · 27 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Hetal Madhukant GandhiIndependent · joined Jun 2023 · reappointed Jun 2023 · 27 months as independent · 7 listed boards · 6 as independent · 6 committee seats, 3 as chair
  • Ravi JakharNon-executive · joined Jun 2023 · reappointed Jun 2023 · 1 listed board
  • Ketan Nishikant Kulkarni · Managing director and CEOExecutive · joined Aug 2025 · reappointed Aug 2025 · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Pirojshaw Aspi Sarkari, left 30 Nov 2024: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 5 Aug 20256 of 7 present3 independent · 81 days in between
    • 15 May 20256 of 7 present4 independent

  • Audit Committee

    Chair Dinesh Kumar Lal

    Nilesh Shivji Vikamsey, Kaiwan Dossabhoy Kalyaniwalla, Hetal Madhukant Gandhi

    • 5 Aug 20254 of 4 present3 independent · 81 days in between
    • 15 May 20254 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Dinesh Kumar Lal

    Vinita Dang Mohoni, Kaiwan Dossabhoy Kalyaniwalla

    • 4 Aug 20253 of 3 present2 independent · 81 days in between
    • 14 May 20253 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Vinita Dang Mohoni

    Kaiwan Dossabhoy Kalyaniwalla, Dinesh Kumar Lal

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Nilesh Shivji Vikamsey

    Kaiwan Dossabhoy Kalyaniwalla, Ketan Nishikant Kulkarni

    • 10 Sep 20253 of 3 present1 independent · 36 days in between

  • Corporate Social Responsibility Committee

    Chair Kaiwan Dossabhoy Kalyaniwalla

    Dinesh Kumar Lal, Vinita Dang Mohoni

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2025.

  • S.R. Batliboi & Associates LLP, Chartered AccountantsPeer-review certificate valid to Jul 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Allcargo Gati AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Allcargo Gati share news and announcements

Annual general meeting, 25 Sep 2025

1,05,731 shareholders on the register on 18 Sep 2025; present: 1 promoter and 55 others; votes counted by Navajyoth Puttaparthi / Puttaparthi Jagannatham & Co..The company's voting result (opens in a new tab)

  1. To consider and adopt (a) the audited financial statements of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors and Auditors thereon and (b) the audited consolidated financial statements of the Company for the financial year ended March 31, 2025 and the report of Auditors thereonMoreLess
    Ordinary
    96.25% for3.75% against

    Against: promoters 3.42% · institutions 0.00% · other public 41.65%

    Turnout: all 46.70% · promoters 99.81% · institutions 5.55% · other public 0.87%

  2. To appoint a Director, in place of Mr. Ravi Jakhar (DIN: 02188690), who retires by rotation and, being eligible, offers himself for re-appointment.
    Ordinary
    96.25% for3.75% against

    Against: promoters 3.42% · institutions 0.00% · other public 42.25%

    Turnout: all 33.11% · promoters 99.81% · institutions 0.61% · other public 0.86%

  3. Appointment of Ms. Puttaparthi Jagannatham and Co., Company Secretaries as Secretarial Auditors and to fix their remuneration.
    Ordinary
    96.25% for3.75% against

    Against: promoters 3.42% · institutions 0.00% · other public 41.72%

    Turnout: all 46.70% · promoters 99.81% · institutions 5.55% · other public 0.87%

  4. Re-appointment of Mr. Dinesh Kumar Lal (DIN: 00037142) as a Non-Executive Independent Director of the Company for a term of 5 years
    Special
    95.79% for4.21% against

    Against: promoters 3.42% · institutions 76.36% · other public 42.41%

    Turnout: all 46.70% · promoters 99.81% · institutions 5.55% · other public 0.86%

  5. Appointment of Mr. Ketan Nishikant Kulkarni (DIN: 10735941) as Director of the Company
    Ordinary
    96.25% for3.75% against

    Against: promoters 3.42% · institutions 0.00% · other public 42.10%

    Turnout: all 46.70% · promoters 99.81% · institutions 5.55% · other public 0.86%

  6. Appointment of Mr. Ketan Nishikant Kulkarni (DIN: 10735941) as a Managing Director of the Company
    Ordinary
    95.79% for4.21% against

    Against: promoters 3.42% · institutions 76.36% · other public 42.08%

    Turnout: all 46.70% · promoters 99.81% · institutions 5.55% · other public 0.86%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 10 Apr 2025, 2 resolutions

1,08,192 shareholders on the register on 28 Feb 2025; votes counted by Mr. Navjyoth Puttaparthi / M/s. Puttaparthi Jagannatham & Co., Company Secretaries.The company's voting result (opens in a new tab)

  1. Approval for disposal of undertaking by way of sale of Fuel Station of the Company situated at Bengaluru under Section 180(1)(a) of the Companies Act, 2013 and Regulation 37A of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.MoreLess
    Special
    95.44% for4.56% against

    Against: promoters 3.42% · institutions 100.00% · other public 71.90%

    Turnout: all 46.68% · promoters 99.81% · institutions 4.50% · other public 0.92%

  2. Approval for disposal of undertaking by way of sale of Fuel Station of the Company situated at Indore under Section 180(1)(a) of the Companies Act, 2013 and Regulation 37A of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.MoreLess
    Special
    95.44% for4.56% against

    Against: promoters 3.42% · institutions 100.00% · other public 71.91%

    Turnout: all 46.68% · promoters 99.81% · institutions 4.50% · other public 0.92%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 21 Mar 2025, 1 resolution

1,08,479 shareholders on the register on 14 Feb 2025; votes counted by Mr. Navjyoth Puttaparthi / M/s. Puttaparthi Jagannatham & Co., Company Secretaries.The company's voting result (opens in a new tab)

  1. To approve increase in Authorised Share Capital and consequent alteration to the Capital Clause of the Memorandum of Association of the Company
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.90%

    Turnout: all 45.97% · promoters 96.39% · institutions 4.52% · other public 2.69%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Meeting called by the tribunal, 18 Feb 2025, 1 resolution

1,08,555 shareholders on the register on 11 Feb 2025; present: 0 promoters and 50 others; votes counted by Pramod S Shah / M/s Pramod S Shah & Associates,.The company's voting result (opens in a new tab)

  1. To consider and approve the Composite Scheme of Arrangement between Allcargo Logistics Limited (“Allcargo” or “Transferee Company 2” or “Demerged Company”) and Allcargo Supply Chain Private Limited (“Transferor Company 1” or “ASCPL”), a wholly owned subsidiary of the Demerged Company, Gati Express & Supply Chain Private Limited (“Transferor Company 2” or “GESCPL”), Allcargo Gati Limited (“Transferee Company 1” or “Transferor Company 3” or “Gati”) and Allcargo ECU Limited (“Resulting Company” or “AEL”), a wholly owned subsidiary of the Demerged Company and their respective shareholders.MoreLess
    Special
    96.06% for3.94% against

    Against: promoters 3.42% · institutions 0.00% · other public 18.89%

    Turnout: all 47.86% · promoters 99.81% · institutions 4.08% · other public 3.38%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 18 Feb 2025, 1 resolution

1,08,555 shareholders on the register on 11 Feb 2025; present: 0 promoters and 50 others; votes counted by Pramod S. Shah / M/s Pramod S. Shah & Associates.The company's voting result (opens in a new tab)

  1. To consider and approve the Composite Scheme of Arrangement between Allcargo Logistics Limited (“Allcargo” or “Transferee Company 2” or “Demerged Company”) and Allcargo Supply Chain Private Limited (“Transferor Company 1” or “ASCPL”), a wholly owned subsidiary of the Demerged Company, Gati Express & Supply Chain Private Limited (“Transferor Company 2” or “GESCPL”), Allcargo Gati Limited (“Transferee Company 1” or “Transferor Company 3” or “Gati”) and Allcargo ECU Limited (“Resulting Company” or “AEL”), a wholly owned subsidiary of the Demerged Company and their respective shareholders.MoreLess
    Special
    96.06% for3.94% against

    Against: promoters 3.42% · institutions 0.00% · other public 18.89%

    Turnout: all 47.86% · promoters 99.81% · institutions 4.08% · other public 3.38%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 10 Sep 2024, 6 resolutions

Present: 1 promoter and 65 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2024 and the Reports of the Board of Directors and Auditors thereon
    Ordinary
    96.35% for3.65% against

    Against: promoters 3.42% · institutions 0.00% · other public 15.95%

    Turnout: all 47.81% · promoters 99.81% · institutions 15.40% · other public 2.15%

  2. To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2024 and the Report of the Auditors thereon
    Ordinary
    96.35% for3.65% against

    Against: promoters 3.42% · institutions 0.00% · other public 15.95%

    Turnout: all 47.81% · promoters 99.81% · institutions 15.40% · other public 2.15%

  3. To appoint a Director in place of Mr. Shashi Kiran Shetty (DIN: 00012754), who retires by rotation and, being eligible, offers himself for re-appointment.
    Ordinary
    96.35% for3.65% against

    Against: promoters 3.42% · institutions 0.00% · other public 15.99%

    Turnout: all 47.81% · promoters 99.81% · institutions 15.40% · other public 2.15%

  4. Approval for the payment of commission to the Non- Executive and Independent Director(s) of the Company
    Special
    95.83% for4.17% against

    Against: promoters 3.42% · institutions 31.07% · other public 17.90%

    Turnout: all 47.81% · promoters 99.81% · institutions 15.40% · other public 2.15%

  5. Approval to advance any loan, give any guarantee or to provide any security to all such person specified under section 185 of the Companies Act, 2013 upto an aggregate limit of Rs.500 crores.
    Special
    95.83% for4.17% against

    Against: promoters 3.42% · institutions 31.07% · other public 17.72%

    Turnout: all 47.81% · promoters 99.81% · institutions 15.40% · other public 2.15%

  6. Additional objective for utilization of the proceeds of the Preferential Issue of Warrants made during FY 2021-22 by the Company.
    Special
    95.87% for4.13% against

    Against: promoters 3.42% · institutions 31.07% · other public 16.09%

    Turnout: all 47.81% · promoters 99.81% · institutions 15.40% · other public 2.15%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 5 Feb 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. To approve raising of funds through issuance of Securities of the Company.
    Special
    95.02% for4.98% against

    Against: promoters 3.39% · institutions 48.70% · other public 5.36%

    Turnout: all 57.94% · promoters 99.06% · institutions 75.23% · other public 8.15%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 5 Feb 2024, 2 fund houses

  • To approve raising of funds through issuance of Securities of the Company.
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance concern: No compelling reason to justify the potential dilution
    0 for2 against

Mutual fund votes, meeting of 4 Sep 2023, 1 fund house

  • Appointment of Mr. Hetal Madhukant Gandhi (DIN: 00106895) as an Independent Director, not liable to retire by rotation, to hold office for a term of 5 consecutive years commencing from June 09, 2023 to June 08, 2028.MoreLess
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. Governance concern: Excessive time commitment. Holding 6 listed directorships & 1 full-time position
    0 for1 against
  • Appointment of Mr. Pirojshaw Aspi Sarkari (DIN: 00820860), as a Non-Executive Non-Independent Director of the Company, liable to retire by rotation.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. No concern has been identified regarding the Profile of Mr. Pirojshaw Aspi Sarkari. Governance concern: Holding 2 full time positions
    0 for1 against
  • Appointment of Mr. Ravi Jakhar (DIN: 02188690), as a Non-Executive Non-Independent Director of the Company liable to retire by rotation.
    1 for0 against
  • Appointment of Ms. Vinita Dang Mohoni (DIN: 01919140) as an Independent Director, not liable to retire by rotation, to hold office for a term of 5 consecutive years commencing from June 05, 2023 to June 04, 2028.MoreLess
    1 for0 against
  • Approval for the alteration in Articles of Association of the Company.
    1 for0 against
  • Change of name of the company from Gati Limited to Allcargo Gati Limited and consequential change in the Memorandum of Association of the Company.
    1 for0 against
  • To appoint a Director in place of Mr. Kaiwan Kalyaniwalla (DIN: 00060776), who retires by rotation and being eligible, offers himself for re-appointment.
    1 for0 against
  • To receive, consider and adopt The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023 and the Report of the Auditors thereon.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundUnqualified financial statements. Non-Compliant with Companies Act, 2013 & SEBI LODR Regulations: Non-disclosure of financial statements of subsidiaries for FY 2022-23. Governance Concern: Undisputed Statutory Dues unpaid for more than 2 years
    0 for1 against
  • To receive, consider and adopt The Audited Financial Statements of the Company for the financial year ended March 31, 2023 and the Reports of the Board of Directors and Auditors thereon.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundUnqualified financial statements. Governance Concern: Undisputed Statutory Dues unpaid for more than 2 years
    0 for1 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines and tax disputes

Reported in the filing for the quarter to Sep 2025.

  • Fine or penaltyNational Stock Exchange of India LimitedSince 1 Sep 2025₹4,720

    Imposed Fine for Delay of 2 days in filing of Shareholding Pattern on NSE

    Delay of 2 days in filing of Shareholding Pattern on NSE
  • Fine or penaltyDistrict Consumer Forum - M.PSince 6 Aug 2025₹90,000

    Settled

    Deficiency of Service
  • Fine or penaltyCity Civil Court Complex Bangalore Bengaluru KarnatakaSince 13 Sep 2025₹0.02 Cr

    Settled

    Deficiency of Service
  • Fine or penaltyCombined Courts Coimbatore Tamil NaduSince 22 Jul 2025₹81,000

    Settled

    Deficiency of Service
  • Fine or penaltyDistrict Consumer Forum Bangalore 2Nd Additional KarnatakaSince 12 Sep 2025₹0.02 Cr

    Settled

    Deficiency of Service
  • Fine or penaltyDistrict Consumer Forum Dhaulpur RajasthanSince 13 Sep 2025₹80,000

    Settled

    Deficiency of Service
  • Fine or penaltyDistrict Consumer Forum Jalor RajasthanSince 11 Sep 2025₹25,000

    Settled

    Deficiency of Service
  • Fine or penaltyDistrict Consumer Commission Gangtok, East SikkimSince 1 Aug 2025₹0.04 Cr

    Settled

    Deficiency of Service
28 more
  • Fine or penaltyDCDRF East SinghbhumSince 12 Sep 2025₹40,000

    Settled

    Deficiency of Service
  • Tax disputeCommissioner of Income taxSince 27 Nov 2018
    A) The appeals filed by the Department. Hence no demand payable by the company. B).Tax is payable if the company loose the case in HC alongwith interest
    At the filing before: (a). Ad-hoc Disallowance of freight expenses 2% of total freight expenses Rs.5,65,73,472/- (b). Difference in exchange being notional gain on restatement of foreign currency monetary items Rs.7,02,20,608/-MoreLess
  • Tax disputeCommissioner of Income taxSince 27 Nov 2018
    A) The appeals filed by the Department. Hence no demand payable by the company. B).Tax is payable if the company loose the case in HC alongwith interest
    At the filing before: (a) Pro-rata premium of redemption of FCCB treated as contingent liability Rs.4,06,81,136/-
  • Tax disputeIncome Tax OfficerSince 19 Jul 2024
    Demand payable.
    At the filing before: Penalty order passed u/s 270A of the Act wherein the TDS not deducted on Adhoc provision made during the year of Rs.23,16,000 and Provision created for GST liability of Rs.21,97,753 which is not paid
  • Tax disputeIncome Tax OfficerSince 21 Apr 2016
    a) No demand payable as per assessment order since the the tax computed under MAT provisions
    At the filing before: (a) Disallowance of Pro-rata premium on redemption of FCCB Rs. 3,59,40,868(b). Disallowance u/s 14A Rs. 2,55,63,755
  • Tax disputeIncome Tax OfficerSince 18 Jan 2019
    a) No demand payable as per assessment order since MAT credit and TDS receivables got adjusted against tax liability
    At the filing before: (a) Disallowance of Pro-rata premium on redemption of FCCB Rs.12,11,36,007 (b). Disallowance u/s 14A Rs. 5,97,75,173
  • Tax disputeIncome Tax OfficerSince 9 Dec 2019
    a) No demand payable as per assessment order since MAT credit and TDS receivables got adjusted against tax liability
    At the filing before: (a) Disallowance of Pro-rata premium on redemption of FCCB Rs. 6,45,90,997 (b). Disallowance u/s 14A Rs.5,95,12,065
  • Tax disputeIncome Tax OfficerSince 14 May 2021
    Demand already been paid under protest.
    At the filing before: Disallowance made u/s. 36(1)(va) -Delay in deposit of PF & ESI Rs. 7,79,966Income from house property Rs. 1,48,147(b). Disallowance u/s 14A Rs.5,95,37,065
  • Tax disputeCESTATSince 31 Dec 2015
    Against Order No. OIO No. - HYD-EXCUS-001-COM-056-15-16, dated 31-12-2015. Filled ST-7 before CESTAT-HYD on 07-04-2016. Personal Hearing Pending.
  • Tax disputeCESTATSince 7 Apr 2016
    Against Order No OIO No. - HYD-EXCUS-001-COM-055-15-16, dated 31-12-2015. Filled ST-5 before CESTAT-HYD on 07-04-2016. Personal Hearing Pending. (Appeal No - ST/30205/2016-CU(DB)
  • Tax disputeAGL vs Deputy Commissioner of State Tax, Mumbai-LTUSince 30 Dec 2022
    Appeal order passed by 1st appealate authority; 2nd appeal filling before GSTAT under process
  • Tax disputeAGL vs Deputy Commissioner of State Tax, West BengalSince 24 Nov 2023
    Appeal order passed by 1st appealate authority; 2nd appeal filling before GSTAT under process
  • Tax disputeAGL vs Additional Commissioner, Central TaxSince 31 Mar 2023
    Appeal order passed by 1st appealate authority; 2nd appeal filling before GSTAT under process
  • Tax disputeAssistant Commissioner, Mobile Squad, BijnourSince 1 Sep 2016
    Awaiting for hearing
  • Tax disputeSales Tax Officer, Class II/AVATO, Department of Trade & TaxesSince 30 Dec 2023
    Appeal Filed; awaiting for hearing
  • Tax disputeDeputy Commissioner, State Tax, Sector-ISince 30 Dec 2023
    Appeal PH under process
    At the filing before: Appeal Filed; awaiting for hearing
  • Tax disputeAssistant Commissioner, State Tax, Division-ISince 15 Dec 2023
    Appeal Filed; awaiting for hearing
  • Tax disputeAdditional Commissioner of State Tax, Large Taxpayer UnitSince 21 Mar 2025
    1st Appeal rejected, 2nd appeal filling in GSTAT under process
    At the filing before: Appeal Filed; awaiting for hearing
  • Tax disputeJoint Commissioner, CGST & CESince 25 Mar 2025
    1st Appeal rejected, 2nd appeal filling in GSTAT under process
    At the filing before: Appeal Filed; awaiting for hearing
  • Tax disputeAssistant Commissioner, CGST & CE, Division-IV, Ahmedabad NorthSince 26 Dec 2023
    Appeal Filed; awaiting for hearing
  • Tax disputeAssistant Commissioner of State Tax, Large Taxpayer UnitSince 29 Apr 2024
    Appeal PH under process
    At the filing before: Appeal Filed; awaiting for hearing
  • Tax disputeAssistant Commissioner, CGST & CE, Division-III, Mumbai East CommissionerateSince 26 Apr 2024
    Appeal Filed; awaiting for hearing
  • Tax disputeSuperintendent, Range-II, Jurisdiction - ChaklaSince 21 Aug 2024
    Appeal Filed; awaiting for hearing
  • Tax disputeSuperintendent, RANGE-BNWD3, LGSTO 065, Bangaluru: DGSTO-6Since 31 Jul 2024
    Appeal PH under process
    At the filing before: Appeal Filed; awaiting for hearing
  • Tax disputeAssistant Commissioner, Central Exise & CGST, Division- IV, Ahmedabad North, GujaratSince 10 Jun 2025
    Appeal Filed; awaiting for hearing
  • Tax disputeCommercial Tax Officer,Vanagaram Assessement Circle, Poonamallee, Kancheepuram, Tamil NaduSince 10 Sep 2025
    Appeal Filling under process
  • Tax disputeCommisioner of Service taxSince 21 Mar 2022
    Application filed for early hearing request
    At the filing before: Commissioner passed the order, Appeal is filed before CESTAT and paid Rs. 42 Lakhs to admit the appeal
  • Tax disputeExcise and Taxation commissioner, State TaxSince 9 Aug 2023
    Appeal PH under process
    At the filing before: Appeal Filed; awaiting for hearing

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 4 complaints open, quarter to Sep 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Mar 2025. The company's results filing for the quarter to Jun 2025 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far. A statement's amounts are left out where the raise it states is more than ten times everything the company owns, a figure typed at the wrong scale.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesNov 2022–The fund raised through issue of equity shares on preferential basis has been utilised for the purposes for which it was raised, which inter-alia includes (i) to repay debt (ii) to meet working capital requirement (iii) General Corporate Purpose (iv) Granting of Inter-Corporate Deposits to fellow subsidiaries/associates/joint ventures/any other entity in which the Directors of the Company are interested- * Additional objective for utilization of the proceeds of the Preferential Issue of Warrants made during FY 2021-22 by the Company, approved by the shareholders of the Company vide Special Resolution passed at the 27th Annual General Meeting held on September 15, 2022 and further amended at the 29th Annual General Meeting held on September 10, 2024.––No
QIPJun 2024, checked by ICRA Limited–The fund raised through issue of equity shares through Qualified Institutional Placement made to Qualified Institutional Buyers has been utilised for the purposes for which it was raised, which inter-alia includes: 1. Investment in our Material Subsidiary for repayment / pre-payment, in part, of certain outstanding borrowings availed by our Material Subsidiary 2. Investment in our Material Subsidiary for building new / upgradation of Operating Units 3. Investment in our Material Subsidiary for funding the development of our proprietary technology 4. General corporate purposes––No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.