Cosmo First logo

Cosmo First MD, chairman, board of directors and AGM

NSE: COSMOFIRSTBSE: 508814Industrial ProductsSmall Cap

Formerly Cosmo Films
Last close ₹718.65down ₹15.30 (2.08%)BSE ₹718.70

Share price at the NSE close on 23 Oct 2026. Previous close ₹733.95.

52-week range of traded prices to 23 Oct 2026
₹560.80Low, 2 Feb 2026₹996.00High, 1 Sep 2026
Market cap
₹1,886 Cr1,207th largest listed
P/E
11.3
P/B
1.2
Dividend yield
0.56%
ROE
10.8%
ROCE
8.8%
Debt to equity
0.98
Volume, NSE
46,56947.7% delivered

Cosmo First board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorASHOK JAIPURIA
  • Company Secretary and Compliance OfficerJYOTI DIXIT

10 directors6 independent3 executive1 non-executive

  • ASHOK JAIPURIA · Chairperson and managing directorExecutive · joined Oct 1976 · reappointed Apr 2024 · 2 listed boards · 1 as independent
  • ANIL KUMAR JAINExecutive · joined May 2011 · reappointed Oct 2024 · 1 listed board · 2 committee seats, 1 as chair
  • YAMINI KUMARExecutive · joined Feb 2025 · reappointed Feb 2025 · 1 listed board · 1 committee seat
  • ALPANA PARIDAIndependent · joined Feb 2014 · reappointed May 2024 · 86 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair
  • HOSHANG NOSHIRWAN SINORNon-executive · joined May 2015 · reappointed May 2025 · 1 listed board · 2 committee seats
  • PRATIP CHAUDHURIIndependent · joined Nov 2014 · reappointed Feb 2025 · 17 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 2 as chair
  • RAKESH NANGIAIndependent · joined Nov 2020 · reappointed Nov 2025 · 68 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • ANIL WADHWAIndependent · joined May 2018 · reappointed May 2023 · 98 months as independent · 2 listed boards · 2 as independent · 3 committee seats
  • ARJUN SINGHIndependent · joined Oct 2021 · reappointed Oct 2021 · 56 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • YASH PAL SYNGALIndependent · joined Nov 2023 · reappointed Nov 2023 · 32 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair

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.

Committees and meetings

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

  • Board

    • 20 May 202610 of 10 present6 independent · 55 days in between
    • 25 Mar 20268 of 10 present5 independent · 41 days in between
    • 11 Feb 202610 of 10 present6 independent

  • Audit Committee

    Chair RAKESH NANGIA

    ANIL WADHWA, PRATIP CHAUDHURI, ARJUN SINGH, YAMINI KUMAR

    • 20 May 20265 of 5 present4 independent · 97 days in between
    • 11 Feb 20264 of 5 present3 independent

  • Nomination and remuneration committee

    Chair ARJUN SINGH

    ASHOK JAIPURIA, ALPANA PARIDA, YASH PAL SYNGAL

    • 20 May 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair YASH PAL SYNGAL

    ANIL KUMAR JAIN, HOSHANG NOSHIRWAN SINOR

    • 20 May 20262 of 3 present1 independent · 97 days in between
    • 11 Feb 20262 of 3 present1 independent

  • Risk Management Committee

    Chair ASHOK JAIPURIA

    ANIL KUMAR JAIN, ARJUN SINGH, YASH PAL SYNGAL, PANKAJ PODDAR, NEERAJ JAIN

    • 25 Mar 20264 of 4 present2 independent

  • Corporate Social Responsibility Committee

    Chair ANIL WADHWA

    ASHOK JAIPURIA, ALPANA PARIDA, ANIL KUMAR JAIN, YASH PAL SYNGAL, YAMINI KUMAR

    • 24 Mar 20266 of 6 present3 independent

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 2026.

  • S.N. Dhawan & CO LLPPeer-review certificate valid to Feb 2028

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.

Cosmo First 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.Cosmo First dividend history

Annual general meeting, 5 Aug 2026

38,747 shareholders on the register on 29 Jul 2026; present: 7 promoters and 130 others; votes counted by SANJIV AGGARWAL / B.K. SHROFF & CO..The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company including Balance Sheet as at March 31, 2026, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 48.74% · promoters 100.00% · institutions 44.55% · other public 11.08%

  2. To declare Dividend on Equity Shares.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 48.79% · promoters 100.00% · institutions 45.69% · other public 11.08%

  3. To appoint a Director in place of Ms. Yamini Kumar, (DIN: 10945858) who retires by rotation and being eligible, offers herself for re-appointment.
    Ordinary
    97.66% for2.34% against

    Against: promoters 0.00% · institutions 59.91% · other public 0.01%

    Turnout: all 48.79% · promoters 100.00% · institutions 45.69% · other public 11.08%

  4. To re-appoint Mr. Arjun Singh (DIN: 01942319) as an Independent Director
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 1.89% · other public 0.01%

    Turnout: all 48.79% · promoters 100.00% · institutions 45.69% · other public 11.08%

  5. To approve payment of remuneration by way of Commission to Non- Executive Directors
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 48.79% · promoters 100.00% · institutions 45.69% · other public 11.08%

  6. To approve payment of managerial remuneration in case of no profit or inadequate profit
    Special
    97.62% for2.38% against

    Against: promoters 0.00% · institutions 60.92% · other public 0.04%

    Turnout: all 48.79% · promoters 100.00% · institutions 45.69% · other public 11.08%

  7. To approve payment of remuneration to Non- Executive Directors in case of no profit or inadequate profit
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 48.79% · promoters 100.00% · institutions 45.69% · other public 11.08%

  8. To approve remuneration payable to Cost Auditors for the FY 2026-27
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 48.79% · promoters 100.00% · institutions 45.69% · other public 11.08%

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, 4 Aug 2025, 7 resolutions

38,412 shareholders on the register on 28 Jul 2025; present: 7 promoters and 113 others; votes counted by SANJIV AGGARWAL / B.K. SHROFF & CO..The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company including Balance Sheet as at March 31, 2025, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.05%

    Turnout: all 48.04% · promoters 100.00% · institutions 48.84% · other public 8.96%

  2. To declare Dividend on Equity Shares.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 48.09% · promoters 100.00% · institutions 49.91% · other public 8.96%

  3. To appoint a Director in place of Mr. Anil Kumar Jain, (DIN: 00027911) who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    96.18% for3.82% against

    Against: promoters 0.00% · institutions 82.43% · other public 0.07%

    Turnout: all 48.09% · promoters 100.00% · institutions 49.91% · other public 8.96%

  4. To re-appoint the Statutory Auditors for the second term of 5 (five) consecutive years.
    Ordinary
    100.00% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 48.09% · promoters 100.00% · institutions 49.91% · other public 8.96%

  5. To re-appoint Mr. Rakesh Kumar Nangia (DIN: 00147386) as an Independent Director.
    Special
    96.18% for3.82% against

    Against: promoters 0.00% · institutions 82.44% · other public 0.07%

    Turnout: all 48.09% · promoters 100.00% · institutions 49.91% · other public 8.96%

  6. To appoint the Secretarial Auditors for a term of 5 (five) consecutive years.
    Ordinary
    100.00% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 48.09% · promoters 100.00% · institutions 49.91% · other public 8.96%

  7. To approve remuneration payable to Cost Auditors for the FY 2025-26.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 48.09% · promoters 100.00% · institutions 49.91% · other public 8.96%

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, 26 Mar 2025, 3 resolutions

45,126 shareholders on the register on 14 Feb 2025; votes counted by SANJIV AGGARWAL / B.K. SHROFF & Co..The company's voting result (opens in a new tab)

  1. Appointment of Ms. Yamini Kumar (Jaipuria) (DIN: 10945858) as a Whole Time Director (Corporate Strategy, ESG & CSR) of the Company
    Special
    95.77% for4.23% against

    Against: promoters 0.00% · institutions 83.98% · other public 0.13%

    Turnout: all 46.97% · promoters 100.00% · institutions 61.61% · other public 6.58%

  2. Appointment of Mr. Hoshang Noshirwan Sinor (DIN: 00074905) as a Non-Executive Non-Independent Director of the Company
    Special
    95.73% for4.27% against

    Against: promoters 0.00% · institutions 84.94% · other public 0.13%

    Turnout: all 46.97% · promoters 100.00% · institutions 61.61% · other public 6.58%

  3. Change the Classification and to appoint Mr. Pratip Chaudhuri (DIN:00915201) as Non-Executive Independent Director
    Special
    95.67% for4.33% against

    Against: promoters 0.00% · institutions 86.16% · other public 0.09%

    Turnout: all 46.97% · promoters 100.00% · institutions 61.61% · other public 6.58%

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, 2 Aug 2024, 5 resolutions

Present: 6 promoters and 106 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company including Balance Sheet as at March 31, 2024, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 51.68% · promoters 100.00% · institutions 69.96% · other public 7.52%

  2. To declare Dividend on Equity Shares.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 51.73% · promoters 100.00% · institutions 71.29% · other public 7.52%

  3. To appoint a Director in place of Mr. Anil Kumar Jain, (DIN: 00027911) who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.62% for0.38% against

    Against: promoters 0.00% · institutions 6.74% · other public 0.04%

    Turnout: all 51.73% · promoters 100.00% · institutions 71.29% · other public 7.52%

  4. tTo re-appoint Mr. Anil Kumar Jain (DIN: 00027911) as a Whole Time Director designated as Director-Corporate Affairs
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.36% · other public 0.03%

    Turnout: all 51.73% · promoters 100.00% · institutions 71.29% · other public 7.52%

  5. To approve remuneration payable to Cost Auditors for the FY 2024-25
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 51.73% · promoters 100.00% · institutions 71.29% · other public 7.52%

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, 29 Dec 2023, 1 resolution

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

  1. Appointment of Mr. Yash Pal Syngal (DIN: 01486597) as a Non Executive Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.33%

    Turnout: all 49.71% · promoters 100.00% · institutions 63.12% · other public 3.58%

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, 4 Aug 2023, 9 resolutions

Present: 8 promoters and 106 others.The company's voting result (opens in a new tab)

  1. Consider and adopt the Audited Financial Statements of the Company including Balance Sheet as at March 31, 2023, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date and the Reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 53.28% · promoters 100.00% · institutions 75.59% · other public 7.57%

  2. Declare Dividend on Equity Shares
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 53.34% · promoters 100.00% · institutions 76.62% · other public 7.57%

  3. Re-appointment of Mr. Pratip Chaudhuri, (DIN: 00915201) who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    98.10% for1.90% against

    Against: promoters 0.00% · institutions 25.08% · other public 0.04%

    Turnout: all 53.34% · promoters 100.00% · institutions 76.62% · other public 7.57%

  4. Re-appointment of Mr. Anil Wadhwa (DIN: 08074310), as an Independent Non- Executive Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 53.34% · promoters 100.00% · institutions 76.62% · other public 7.57%

  5. Re-appointment of Ms. Alpana Parida (DIN: 06796621), as an Independent Non-Executive Director
    Special
    93.87% for6.13% against

    Against: promoters 0.00% · institutions 80.87% · other public 0.03%

    Turnout: all 53.34% · promoters 100.00% · institutions 76.62% · other public 7.57%

  6. Re-appointment of Mr. Ashok Jaipuria (DIN: 00214707) as Managing Director of the Company
    Special
    95.42% for4.58% against

    Against: promoters 0.00% · institutions 60.50% · other public 0.03%

    Turnout: all 53.34% · promoters 100.00% · institutions 76.62% · other public 7.57%

  7. Payment of minimum remuneration to managerial personnel in case of no profit or inadequate profit in any financial year
    Special
    93.97% for6.03% against

    Against: promoters 0.00% · institutions 79.59% · other public 0.09%

    Turnout: all 53.34% · promoters 100.00% · institutions 76.62% · other public 7.57%

  8. Payment of minimum remuneration to Non- Executive Directors in case of no profit or inadequate profit in any financial year
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 53.34% · promoters 100.00% · institutions 76.62% · other public 7.57%

  9. Approval of the remuneration payable to Cost Auditors for the Financial Year 2023-24
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 53.34% · promoters 100.00% · institutions 76.62% · other public 7.57%

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 4 Aug 2025, 1 fund house

  • To receive, consider and adopt the Audited Financial Statements of the Company including Balance Sheet as at March 31, 2025, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.MoreLess
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundUnqualified Financial Statements. Non-Compliant with Companies Act, 2013 & SEBI LODR Regulations: The Company has not disclosed financial statements of few of the subsidiaries for FY 2024-25 on its website.
    0 for1 against
  • To declare Dividend on Equity Shares.
    1 for0 against
  • To appoint a Director in place of Mr. Anil Kumar Jain, (DIN: 00027911) who retires by rotation and being eligible, offers himself for re-appointment.
    1 for0 against
  • To re-appoint the Statutory Auditors for the second term of 5 (five) consecutive years.
    1 for0 against
  • To re-appoint Mr. Rakesh Kumar Nangia (DIN: 00147386) as an Independent Director.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundRe-appointment Compliant with law. Governance Concern: Have been associated with the group since 2003 (including an entity with common promoters). Also, having non-material pecuniary relationship with the Company since his appointment. Such prolonged association with the Group and Pecuniary relationship may vitiate or hamper independence of director.
    0 for1 against
  • To appoint the Secretarial Auditors for a term of 5 (five) consecutive years.
    1 for0 against
  • To approve remuneration payable to Cost Auditors for the FY 2025-26.
    1 for0 against

Mutual fund votes, meeting of 2 Aug 2024, 1 fund house

  • To receive, consider and adopt the Audited Financial Statements of the Company including Balance Sheet as at March 31, 2024, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.MoreLess
    1 for0 against
  • To declare Dividend on Equity Shares.
    1 for0 against
  • To appoint a Director in place of Mr. Anil Kumar Jain, (DIN: 00027911) who retires by rotation and being eligible, offers himself for re-appointment
    1 for0 against
  • tTo re-appoint Mr. Anil Kumar Jain (DIN: 00027911) as a Whole Time Director designated as Director-Corporate Affairs
    1 for0 against
  • To approve remuneration payable to Cost Auditors for the FY 2024-25
    1 for0 against
2 earlier meetings

Mutual fund votes, meeting of 29 Dec 2023, 2 fund houses

  • Appointment of Mr. Yash Pal Syngal (DIN: 01486597) as a Non Executive Independent Director of the Company
    2 for0 against

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

  • Consider and adopt the Audited Financial Statements of the Company including Balance Sheet as at March 31, 2023, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date and the Reports of the Board of Directors and Auditors thereonMoreLess
    1 for0 against
  • Declare Dividend on Equity Shares
    1 for0 against
  • Re-appointment of Mr. Pratip Chaudhuri, (DIN: 00915201) who retires by rotation and being eligible, offers himself for re-appointment
    1 for0 against
  • Re-appointment of Mr. Anil Wadhwa (DIN: 08074310), as an Independent Non- Executive Director
    1 for0 against
  • Re-appointment of Ms. Alpana Parida (DIN: 06796621), as an Independent Non-Executive Director
    1 for0 against
  • Re-appointment of Mr. Ashok Jaipuria (DIN: 00214707) as Managing Director of the Company
    1 for0 against
  • Payment of minimum remuneration to managerial personnel in case of no profit or inadequate profit in any financial year
    1 for0 against
  • Payment of minimum remuneration to Non- Executive Directors in case of no profit or inadequate profit in any financial year
    1 for0 against
  • Approval of the remuneration payable to Cost Auditors for the Financial Year 2023-24
    1 for0 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 Jun 2026.

  • Fine or penaltyIndian Customs DepartmentSince 22 Apr 2026

    Charges for delayed presentation of Bill of Entry for imports

    Delayed presentation of Bill of entry for imports
  • Fine or penaltyIndian Customs DepartmentSince 6 May 2026

    Charges for delayed presentation of Bill of Entry for imports

    Delayed presentation of Bill of entry for imports
  • Fine or penaltyIndian Customs DepartmentSince 11 May 2026

    Charges for delayed presentation of Bill of Entry for imports

    Delayed presentation of Bill of entry for imports
  • Fine or penaltyIndian Customs DepartmentSince 13 May 2026

    Charges for delayed presentation of Bill of Entry for imports

    Delayed presentation of Bill of entry for imports
  • Fine or penaltyIndian Customs DepartmentSince 22 May 2026

    Charges for delayed presentation of Bill of Entry for imports

    Delayed presentation of Bill of entry for imports
  • Fine or penaltyIndian Customs DepartmentSince 3 Jun 2026

    Charges for delayed presentation of Bill of Entry for imports

    Delayed presentation of Bill of entry for imports
  • Fine or penaltyIndian Customs DepartmentSince 12 Jun 2026

    Charges for delayed presentation of Bill of Entry for imports

    Delayed presentation of Bill of entry for imports
  • Fine or penaltyIndian Customs DepartmentSince 18 Jun 2026

    Charges for delayed presentation of Bill of Entry for imports

    Delayed presentation of Bill of entry for imports
9 more
  • Fine or penaltyOffice of Divisional Commissioner, Government of the NCT of Delhi, Revenue Department-Stamp & Registration BranchSince 6 May 2026

    The Stamp Collector passed an order for payment of stamp duty on 9086357 bonus equity shares allotted by the Company on June 20, 2022.

    The Collector of Stamps, Government of NCT of Delhi, levied a stamp duty of Rs.90864 and a penalty of Rs.30000 on the Company’s bonus share allotment. The Company was of the view that as per SEBI FAQs of 2020 on Indian Stamp Act and NSDL circular dated 30 June 2020, bonus shares are issued without consideration and therefore stamp duty should not be levied. However, the stamp authorities were not in consonance with this viewpoint.MoreLess
  • Tax disputeDeputy Commissioner of Income Tax, Circle 4(2), New DelhiSince 13 Sep 2024
    For FY 2020-21 and FY 2021-22, ITAT had admitted the Company's claim and directed the Assessing Officer to verify and allow the same. For other years, there is no change in the status since the last update.MoreLess
    At the filing before: Description: The company has filed revised claim for enhanced deduction u/s 80-IA basis the market price of energy generated for captive consumption in line with the law laid by Hon'ble Supreme Court (FYs 2016-17 to 2022-23) Remarks: A favourable outcome will result in reduction of tax expenses and corresponding increase in profits Tax Impact / (Benefit): INR (37.12) Crores Status: The enhanced claims have been made at various levels from Assessing Authority to ITAT and are currently pending adjudicationMoreLess
  • Tax disputeDeputy Commissioner of Income Tax, Circle 4(2), New DelhiSince 8 Feb 2024
    For FY 2020-21 and FY 2021-22, ITAT had remanded the matter to the Assessing Officer to allow the Working Capital Adjustment for comparables. For other years, there is no change in the status since the last update.MoreLess
    At the filing before: Description: Transfer Pricing Adjustments were made on account of imputed interest on receivables during assessment (FY 2008-09 to 2012-13, 2016-17, 2019-20 to 2020-21) Current Status: The company's appeals are currently pending before ITAT Tax Impact / (Benefit): INR 3.56 CroresMoreLess
  • Tax disputeDeputy Commissioner of Income Tax, Circle 4(2), New DelhiSince 29 Sep 2021
    For FY 2020-21 and FY 2021-22 , ITAT has decided the issue in favour of the company. For other years, there is no change in the status since the last update.
    At the filing before: Description: The claim of the company for deduction u/s 80G with respect to amount paid to Cosmo Foundation for CSR expenses has been disallowed (FY 2017-18, 2019-20, 2020-21) Current Status: The appeals of the company are currently pending before CIT(A) and ITAT Tax Impact / (Benefit): INR 1.15 CroresMoreLess
  • Tax disputeCommissioner (Appeals) NagpurSince 13 Mar 2025
    The Company has filed the appeal with Commissioner Appeals Nagpur and the same is pending
    At the filing before: Description: Deputy Commissioner Custom, Aurangabad had issued an order demanding an amount of Rs. 1.31 cr including duty and a penalty pertaining to the incorrect levy of duty on clearance of raw material into DTA from SEZ units Remarks: The company does not foresee any impact of this litigation on its financial position Tax Impact / (Benefit): NilMoreLess
  • Tax disputeCommissioner, Central GST & Central Excise (Appeals), VadodraSince 10 Mar 2025
    The Company has filed an appeal with GSTAT and the same is pending
    At the filing before: Description: The Additional Commissioner, Central GST & Central Excise, Vadodara-I had issued an order demanding an amount of Rs. 2.71 cr along with interest and a penalty of Rs. 0.27 cr on account of erroneous refund of IGST. The demand pertains to the refunds received by the company on exports made on payment of IGST. The Company filed an appral to the Commissioner (Appeals) which was rejected vide order- in- appeal dated 14.10.2025 Current Status: The first appellate auhtority has rejected the company's appeal. The comapany is in the process of filing the appeal before Tribunal. Remarks: The company does not foresee any impact of this litigation on its financial position Tax Impact / (Benefit): NilMoreLess
  • Tax disputeCommissioner, Central GST & Central Excise (Appeals), VadodraSince 3 Oct 2025
    Department's appeal has been dismissed
    At the filing before: Total demand was 14.86 cr. dropped of demand Rs. 12.14 Cr., Department has now gone in appeal against dropping off the demand of Rs.12.14 Cr by the Adjudicating Authority vide order dated 10.3.2025
  • Tax disputeAdditional Commissioner of CGST and ExciseSince 5 Dec 2023
    The Company has filed an appeal with GSTAT and the same is pending
    At the filing before: Description: The assessing authority has raised a demand on account of mismatch of ITC between GSTR-2A and GSTR-3B (Period: FY 2017-18 to 2020-21, involving a demand of INR 15.24 crores)) Current Status: The company filed an appeal with the first appellate authority.The first appellate auhtority rejected the company's appeal. Remarks: The company does not foresee any impact of this litigation on its financial position Tax Impact / (Benefit): NilMoreLess
  • Tax disputeCommissioner of Customs, MumbaiSince 21 Dec 2020
    Modeleties of the payment have since been finalised with the custom authorities. The Company has made all the payment except for Rs.3.23Cr for which payment order was awaited from the custom authorities.MoreLess
    At the filing before: The Commissioner of Customs, Adjudication, Mumbai had: a) confirmed the demand of Rs. 14.39 Cr due to non fullfilment of pre import condition with respect to imports under Advance Authorisations availing exemption from payment of IGST during FY 2017-18 and 2018-19 ; b) dropped the proceedings for recovery of interest, confistication of impungned goods and imposition of penalty. Modalities of payment are under discussion with the custom authorities. The Company would be eligible to avail input tax credit for the amount paid. Hence, there will be no financial impact.MoreLess

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 3 complaints open, quarter to Dec 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
Yes
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.