Bihar Sponge Iron MD, chairman, board of directors and AGM

• Tax disputeDy. Commissioner of commercial Taxes Adityapur, JamshedpurSince 28 Mar 2014
  Status quo is maintained. No further notice has been received so far after the last hearing on 05.02.2021.
  At the filing before: Rs. 81.40 lacs - JVAT demand for FY 2010-11 for the assessed tax and penalty vide demand notice No.18872 dt. 28.03.2014 (order dt.12.03.2014) raised by the Dy. Commissioner of Commercial Taxes, Adityapur, ISR (net of amount paid Rs.134.89 Lakhs). The Company has filed appeal before the Commissioner of Commercial Taxes Jharkhand Ranchi on 29.05.2015 (Misc. Provision u/s 80(4) of JVAT Act.MoreLess
• Tax disputeDCIT JamshedpurSince 28 Mar 2016
  Status quo is maintained. No further notice has been received so far.
  At the filing before: Rs. 55.95 lacs - Disputed Income Tax Demand for short deduction/collection of tax at source based on the NSDL Report by DCIT, JSR U/s 156 raised for the Assessment Year 2004-05 & 2005-06 was under appeal before CIT (Appeal). CIT (Appeal) vide Order dt. 28.03.2016 has dismissed the appeal filed by the Company. The Company had filed an appeal before the ITAT, Patna against above order.MoreLess
• Tax disputeACIT, Central Circle JSRSince 31 Mar 2016
  Commissioner appeal of Income tax transferred and new CIT (A) joined , she will give another date after going through the File.
  At the filing before: ACIT, Central Circle JSR vide Asstt. Order u/s 143(3) dt. 31.03.2016 for the AY 2013-14 has passed the order by reducing the returned loss from Rs. 2424.29 Lakhs to Rs.1740.15 Lakhs by disallowing the cost of Raw material consumption of Rs.684.14 lakhs due to excess consumption as compared to average of Rs.5. 2% of the sales value and issued notice of demand u/s 156 of the Act for levy of Penalty u/s 271(1) (c). Aggrieved by the said order, the Company filed appeal u/s 246 A of the Income Tax Act before the Commissioner of Income Tax (Appeals)-3, Patna on 2.5.2016 for drop of disallowance and dismissal of Penalty proceedings. The Appeal was heared on 23.01.2025 and remanded to Astt.Commissioner Income tax , Jamshedpur for their comment. Hearing was made on 24.12.2025 but due to non availability of person handiling the case we have made adjournment request to commissioner and commisioner has given another date i.e 20.01.2026. Last Date of hearing was 26.03.2026 and now hearing is completed & awaiting for order.MoreLess
• Tax disputeACIT, CIRCLE 1(1)(1), Delhi International TaxationSince 30 Sep 2016
  Commissioner appeal of Income tax transferred and new CIT (A) joined , she will give another date after going through the File.
  At the filing before: ACIT, Central Circle JSR vide Asstt. Order U/S 143(3) dt 30-09-2016 for the AY 2014-15 has reduced the returned loss from Rs.1220.69 Lakhs to Rs.562.08 Lakhs by disallowing the cost of raw material Rs.145.48 Lakhs, personnel cost Rs.369.94 Lakhs and depreciation of Rs.143.19 Lakhs and issued notice of demand u/s 156 of the Act for levy of penalty u/s 271(1)(c) of the Act. Aggrieved by the said order, the company has filed appeal u/s 246A of the Act before the Commissioner of Income Tax, (Appeal) Patna on 05-11-2016 for drop of disallowances and penalty proceedings. The Appeal was heared on 23.01.2025 and remanded to Astt.Commissioner Income tax , Jamshedpur for their comment. Hearing was made on 24.12.2025 but due to non availability of person handiling the case we have made adjournment request to commissioner and commisioner has given another date i.e 20.01.2026. Last Date of hearing was 26.03.2026 and now hearing is completed & awaiting for order.MoreLess
• Tax disputeSouth Eastern Coal Fields Ltd (Union of India & Ors.)Since 25 Jul 2013
  Now the Company has filed new Writ Petition against the order/decision of SECL before Hon'ble High Court, Chhattisgarh vide WPC/24721 of 2025 dated 8-9-2025. . The Writ Petition filed by the Company against the order/decision of SECL before Hon'ble High Court, Chhattisgarh vide WPC/24721 of 2025 has been dismissed by the court on 27-10-2025. The Company is in process of filing Appeal against the said Order of Hon'ble High Court.MoreLess
  At the filing before: Disputed penalty recovered by South Eastern Coal Fields Ltd. on account of short lifting of coal in terms of Fuel Supply Agreement in FY 2011-12 for short lifting of Coal quantity as per Linkage. The matter is pending under Writ Petition filed by the Company before the Hon'ble High Court of Chattisgarh, Bilaspur. South Eastern Coalfield Ltd. has imposed and recovered a penalty by encashment of the bank guarantee of Rs.215.28 Lakhs in 2011-12 on account of short lifting of coal quantity in terms of Fuel Supply Agreement (FSA) dated 02.05.2008. The Company has taken up the matter with Coal India Limited/ South Eastern Coalfield Ltd. for refund of the said amount for settlement of dispute under clause 15.3 of the FSA. No provision has been made for penalty recovered since the matter is pending under writ petition filled by the Company before the Hon'ble High Court of Chattisgarh, Bilaspur. Last date of hearing was on 20.01.25.The Hon'ble High Court dated 05-04-2025 disposed of the petition and directed to both the parties to appear before General Manager (Marketing & Sales), SECL, Bilaspur (C.G.) on the 21st April, 2025 to decide mutually preferable within 60 days and disposed the case with right to petitioner to revive its prayer, if cause of action still subsists. In accordance with the order of High Court, meeting of both parties held on 19.06.2025, after that company received letter in which SECL mentioned their views and having heard the issues and with the view of SECL as mentioned therein against the respective matters, the representation of the petitioner is hereby disposed off. Now the Company has filed new Writ Petition against the order/decision of SECL before Hon’ble High Court, Chhattisgarh vide WPC/24721 of 2025MoreLess
• Tax disputeIncome Tax DepartmentSince 30 Mar 2019
  No Further information has been received from Department regarding the case so far.
  At the filing before: Income Tax Department has filed criminal proceedings against the company and Mr. R. K. Sharma for delay in deposit of Tax Deducted at source in the Economic Offence court at Ranchi. The Company has also filed an application for compounding of the offence before the Principal Commissioner at Patna. Compounding application rejected by Pricipal Chief commissioner of income tax (Bihar and Jharkhand), Patna on 08.04.2025 and issued direction to CIT (TDS), Patna and the assessing officer (TDS) may take necessary action in this matter.Company again filed compounding application on 02.05.2025 & on 07.07.2025 company received letter through courier from IT patna regarding payment of compounding fee & company has succesfully paid compounding fee on dt 08.07.2025.MoreLess
• Tax disputeExecutive Engineer, Subernarekha Dam Division No.2, ChandilSince 1 Dec 2000
  Order was passed by the appellate authority asking the Executive/Chief Engineers of Subernarekha to assess the liability afresh based on consumption. The assessment has not been done. The matter is pending at the end of chief executive engineer.MoreLess
  At the filing before: The demand of water charges Rs. 2131.91 Lakhs inclusive of interest on arrear of water bills as on 31.03.2023 (net provision made by company) raised by Chief Engineer, Subernarekha Multipurpose Project, Chandil had been disputed by the company under a Writ Petition with Jharkhand High Court, Ranchi. Hon'ble High Court had remanded the matter back to the Chief Engineer, Chandil Complex, Jamshedpur for passing a speaking order. However, a recovery certificate, has been issued by the Executive Engineer, Chandil for recovery of Rs. 2270.60 Lacs, which is being challenged by the Company. However Department constinoulsy raising bill despite of Dispute. A fresh bill issued by Department upto July, 2026 is Rs. 5435.23 LakhsMoreLess
• Tax disputeModi ProjectsSince 1 Mar 2016
  Next Date of hearing is 11.08.2026
  At the filing before: Rs. 79.23 lacs claims against the Company not acknowledged as debts pertaining to services rendered under contracts between the Company and a Party under the Civil Court, Saraikela, Jharkhand (net of provision of 210.95 Lakhs).Modi project has filed the revocation petition no. 23/2025 at Civil Court Jamshedpur. Company has filed its reply and Last date of hearing was on 10th July 2026.MoreLess

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

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

No

The chair is related to the managing director

No

The filing has a part on fines and penalties

No

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.