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DIC India MD, chairman, board of directors and AGM

NSE: DICINDBSE: 500089Chemicals & PetrochemicalsSmall Cap

Formerly Coates of India
Last close ₹523.90down ₹35.75 (6.39%)BSE ₹522.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹559.65.

52-week range of traded prices to 23 Oct 2026
₹450.50Low, 19 Jan 2026₹675.00High, 24 Sep 2026
Market cap
₹481 Cr1,870th largest listed
P/E
16.6
P/B
1.1
Dividend yield
0.57%
ROE
6.7%
ROCE
8.1%
Debt to equity
0.00
Volume, NSE
1,98965.4% delivered

DIC India board of directors

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

  • ChairpersonRAJEEV ANAND
  • Managing directorHAYATO KASHIWAGI
  • Company Secretary and Compliance OfficerMeghna Saini

9 directors5 independent2 executive2 non-executive

  • RAJEEV ANAND · ChairpersonIndependent · joined Nov 2020 · reappointed Oct 2023 · 70 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • PRITHA DUTTIndependent · joined Nov 2020 · reappointed Oct 2023 · 70 months as independent · 2 listed boards · 2 as independent
  • ADNAN WAJHAT AHMADIndependent · joined Feb 2023 · reappointed Apr 2026 · 43 months as independent · 3 listed boards · 3 as independent · 2 committee seats, 1 as chair
  • PRABAL KUMAR SARKARIndependent · joined Nov 2020 · reappointed Oct 2023 · 70 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • AVIJIT MUKERJIIndependent · joined Dec 2025 · 9 months as independent · 4 listed boards · 3 as independent · 5 committee seats, 2 as chair
  • JI XIANG JASON LEENon-executive · joined Feb 2024 · reappointed Mar 2025 · 1 listed board
  • NAVAPOL CHUENSIRINon-executive · joined Aug 2025 · reappointed Aug 2025 · 1 listed board · 2 committee seats
  • HAYATO KASHIWAGI · Managing directorExecutive · joined Feb 2025 · reappointed Sep 2026 · 1 listed board
  • PRAVEEN KUMAR ASTHANAExecutive · joined Jul 2026 · 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.

3 directors who left
  • MANISH BHATIA, left 29 Aug 2026: Others
  • PAUL KOEK, left 1 Jan 2026: Others
  • RYOHEI KOHASHI, left 1 Jan 2025: Others

Committees and meetings

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

  • Board

    • 12 Aug 202610 of 10 present5 independent · 27 days in between
    • 15 Jul 20269 of 10 present5 independent · 42 days in between
    • 2 Jun 20268 of 9 present5 independent · 19 days in between
    • 13 May 20269 of 9 present5 independent

  • Audit Committee

    Chair PRABAL KUMAR SARKAR

    ADNAN WAJHAT AHMAD, AVIJIT MUKERJI, NAVAPOL CHUENSIRI

    • 12 Aug 20264 of 4 present3 independent · 14 days in between
    • 28 Jul 20264 of 4 present3 independent · 75 days in between
    • 13 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair PRITHA DUTT

    PRABAL KUMAR SARKAR, NAVAPOL CHUENSIRI

    • 15 Jul 20262 of 3 present1 independent · 42 days in between
    • 2 Jun 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair ADNAN WAJHAT AHMAD

    RAJEEV ANAND, NAVAPOL CHUENSIRI

    No meeting listed in the filing.

  • Risk Management Committee

    Chair ADNAN WAJHAT AHMAD

    PRABAL KUMAR SARKAR, JI XIANG JASON LEE, NAVAPOL CHUENSIRI, AVIJIT MUKERJI, HAYATO KASHIWAGI

    • 29 Apr 20266 of 6 present3 independent

  • Corporate Social Responsibility Committee

    Chair PRITHA DUTT

    ADNAN WAJHAT AHMAD, JI XIANG JASON LEE, NAVAPOL CHUENSIRI

    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 Dec 2025.

  • Price Waterhouse Chartered Accountants LLPPeer-review certificate valid to Nov 2026

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.

DIC India 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.DIC India dividend history

Postal ballot, 30 Sep 2026

6,622 shareholders on the register on 21 Aug 2026; votes counted by Mr. Karan Arora / Karan Arora & Associates.The company's voting result (opens in a new tab)

  1. APPOINTMENT OF MR. HAYATO KASHIWAGI (DIN: 10953592) AS MANAGING DIRECTOR OF THE COMPANY.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.94%

    Turnout: all 72.12% · promoters 100.00% · institutions 0.00% · other public 1.30%

  2. APPOINTMENT OF MR. PRAVEEN KUMAR ASTHANA (DIN: 06830096) AS THE WHOLE TIME DIRECTOR OF THE COMPANY.
    Special
    100.00% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.99%

    Turnout: all 72.12% · promoters 100.00% · institutions 0.00% · other public 1.30%

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, 23 Mar 2026, 5 resolutions

6,543 shareholders on the register on 16 Mar 2026; present: 1 promoter and 50 others; votes counted by Mr. Karan Arora / Karan Arora & Associates.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements of the Company for the Financial year ended December 31, 2025, and the Reports of the Auditors and the Board of Directors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.39%

    Turnout: all 71.77% · promoters 100.00% · institutions 0.00% · other public 0.07%

  2. To appoint a director in place of Mr. HAYATO KASHIWAGI (DIN: 10953592), who retires by rotation and being eligible, seeks re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.39%

    Turnout: all 71.77% · promoters 100.00% · institutions 0.00% · other public 0.07%

  3. To declare a final dividend of INR 3.00 (Indian Rupees Three) per equity share for the financial year ended December 31, 2025.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.77% · promoters 100.00% · institutions 0.00% · other public 0.07%

  4. To appoint MS Chandra Wadhwa and Co. as a cost auditor for the financial year 2026 and to fix their remuneration.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.27%

    Turnout: all 71.77% · promoters 100.00% · institutions 0.00% · other public 0.07%

  5. Re appointment of MR. ADNAN WAJHAT AHMAD (DIN: 00046742) as an Independent Director of the company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.27%

    Turnout: all 71.77% · promoters 100.00% · institutions 0.00% · other public 0.07%

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, 13 Feb 2026, 1 resolution

6,626 shareholders on the register on 2 Jan 2026; votes counted by Mr. Karan Arora / Karan Arora & Associates.The company's voting result (opens in a new tab)

  1. APPOINTMENT OF MR. AVIJIT MUKERJI (DIN: 03534116) AS AN INDEPENDENT DIRECTOR OF THE COMPANY
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 55.80%

    Turnout: all 71.81% · promoters 100.00% · institutions 0.00% · other public 0.22%

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, 14 Oct 2025, 1 resolution

6,601 shareholders on the register on 5 Sep 2025; votes counted by Mr. Karan Arora / Karan Arora & Associates.The company's voting result (opens in a new tab)

  1. APPOINTMENT OF MR. NAVAPOL CHUENSIRI AS THE NON EXECUTIVE NON INDEPENDENT DIRECTOR LIABLE TO RETIRE BY ROTATION
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 20.84%

    Turnout: all 71.94% · promoters 100.00% · institutions 0.00% · other public 0.67%

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, 25 Mar 2025, 6 resolutions

6,902 shareholders on the register on 18 Mar 2025; present: 1 promoter and 51 others; votes counted by Binita Pandey / M/s. T. Chatterjee & Associates.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements of the Company for the Financial year ended December 31, 2024, and the Reports of the Auditors and the Board of Directors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 71.87% · promoters 100.00% · institutions 0.00% · other public 0.42%

  2. To appoint a director in place of Mr. Ji Xiang Jason Lee (DIN: 10485668), who retires by rotation and being eligible, seeks re-appointment
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.87% · promoters 100.00% · institutions 0.00% · other public 0.42%

  3. To declare a final dividend of INR 4/- (Indian Rupees Four) per equity share for the financial year ended December 31, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 71.87% · promoters 100.00% · institutions 0.00% · other public 0.42%

  4. To appoint M/s PI & Associates as secretarial auditor and to fix their remuneration
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.87% · promoters 100.00% · institutions 0.00% · other public 0.42%

  5. To appoint M/s Chandra Wadhwa and Co. as a cost auditor for the financial year 2025 and to fix their remuneration
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.87% · promoters 100.00% · institutions 0.00% · other public 0.42%

  6. Appointment of Mr. HAYATO KASHIWAGI (DIN:10953592) as a Non-Executive Non-Independent Director
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.87% · promoters 100.00% · institutions 0.00% · other public 0.42%

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, 13 Feb 2025, 1 resolution

6,626 shareholders on the register on 2 Jan 2026; votes counted by Mr. Karan Arora / Karan Arora & Associates.The company's voting result (opens in a new tab)

  1. APPOINTMENT OF MR. AVIJIT MUKERJI (DIN: 03534116) AS AN INDEPENDENT DIRECTOR OF THE COMPANY
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 55.80%

    Turnout: all 71.81% · promoters 100.00% · institutions 0.00% · other public 0.22%

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, 2 Jan 2025, 1 resolution

6,539 shareholders on the register on 22 Nov 2024; votes counted by Mr. Karan Arora / Karan Arora & Associates.The company's voting result (opens in a new tab)

  1. RE-APPOINTMENT OF MR. MANISH BHATIA AS THE MANAGING DIRECTOR & CEO OF THE COMPANY
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 40.71%

    Turnout: all 71.85% · promoters 100.00% · institutions 0.00% · other public 0.34%

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, 22 Mar 2024, 4 resolutions

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

  1. To consider and adopt the Audited Financial Statements of the Company for the Financial year ended December 31, 2023, and the Reports of the Board of Directors and the Auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.77% · promoters 100.00% · institutions 0.00% · other public 0.06%

  2. To appoint a Director in place of Mr. Paul Koek (DIN: 00081930), who retires by rotation and being eligible, seeks re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.62%

    Turnout: all 71.77% · promoters 100.00% · institutions 0.00% · other public 0.06%

  3. Appointment of Mr. Ji Xiang Jason Lee (DIN: 10485668) as Non-Executive Non-Independent Director.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.62%

    Turnout: all 71.77% · promoters 100.00% · institutions 0.00% · other public 0.06%

  4. Payment of commission to Independent Directors
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 30.31%

    Turnout: all 71.77% · promoters 100.00% · institutions 0.00% · other public 0.06%

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.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeSuperintendent, Range - 78, Division - Okhla, CGST Delhi, South Commissionerate, Office of the Assistant Commissioner,Central Excise and Central Goods and Services Tax DivisionSince 15 Jan 2025
    Appeal filed before the Additional / Joint Commissioner of CGST (Appeal-II), Delhi South Commissionerate on 10th April 2025. Personal Hearing held on 9th October 2025.Second Personal Hearing done on 13th July 2026 and order is awaited.MoreLess
    At the filing before: Demand was raised under the GST Act for an amount of Rs.14,72,050 /-for the financial year 2017-18. The demand includes penalty for an amount of Rs.7,00,162 and interest for an amount of Rs.7,71,888 /-.The allegation was that of non-payment of GST on Ocean Freight paid on import of goods.MoreLess
  • Tax disputeJoint Commissioner, LTU, Corporate Division, West BengalSince 26 Nov 2025
    Appeal filed before the Joint / Additional Commissioner (Appeals), Department of Commercial Taxes, Kolkata on 23.02.2026. Personal Hearing held on 24th March 2026 and order is awaited
    At the filing before: The demand was raised under the IGST, CGST and SGST Act, 2017 for an amount of INR 4,67,740/- for the F.Y. 2021-22. The demand includes GST of INR 2,89,763/-, Interest of INR 1,43,857/- and Penalty of INR 34,120/-. The allegation was of Input Credit denial for cancellation of supplier's registration and supplier's not filing their GST Return and Input Tax Credit wrongly availed on Blocked Credits. Appeal filed before the Joint / Additional Commissioner (Appeals), Department of Commercial Taxes, Kolkata on 23.02.2026. Personal Hearing held on 24th March 2026.MoreLess
  • Tax disputeAssistant Commissioner, Commercial Taxes,DGSTO-4,Bengaluru, KarnatakaSince 3 Dec 2025
    Appeal filed before the First Appellate Authority on 27.02.2026. Personal hearing is awaited.
    At the filing before: Demand in Show Cause was Rs.2.87 Cr., which came down to Rs.3.81 L in Order. The demand has been raised under the Karnataka GST Act, 2017 for an amount of INR 3,81,602/- for the F.Y. 2021-22. The demand includes GST of INR 2,02,980/-, Interest of INR 1,58,324/- and Penalty of INR 20,298/-. The allegation was for denial of Input Tax credit for suppliers' not paying taxes to the Government and ineligible credit claimed by DIC. Appeal filed before the First Appellate Authority on 27.02.2026. Personal Hearing awaited.MoreLess
  • Tax disputeChennai (Tamil Nadu) Superintendent of CGST & Central Excise Range III, Ambattur Division, Chennai North Commissionerate.Since 3 Apr 2026
    Appeal filed before the First Appellate Authoriity on 19-06-2026 and personal hearing is awaited
    At the filing before: Demand raised under the CGST and TNGST and IGST Act, 2017 for an amount of INR 2,81,472/- for the F.Y. 2019-20 to 2021-22. The demand includes GST 1,40,736/-, Penalty of Rs.1,40,736/- and applicableInterest. The demand has been raised by the department with the allegation of duplicate generation of E-Way Bills during the impugned period. Appeal filed before the First Appellate Authoriity on 19-06-2026 and personal hearing is awaitedMoreLess
  • Tax disputeJoint Commissioner of Commercial Tax, Appeal - 8, Bangalore, Karnataka.Since 9 Apr 2026
    Appeal filed before the GSTAT (GST Appellate Tribunal), Karnataka on 30.07.2026. Personal Hearing awaited.
    At the filing before: The initial demand was raised by the Deputy Commissioner of Commercial Taxes, Audit 4.9, DGSTO-4, Bangalore - 560095, for the tax period of July 2017 to March 2018 against which DIC preferred an appeal before the J.C. The Joint Commissioner issued Order under Section 107 (11) of the KGST Act, 2017 upholding the demand of Rs.17,32,208/- which includes GST - Rs.8,14,112/-, Interest - Rs.8,36,684/- and Penalty - Rs.81,412/-. The demand has been raised on 3 issues - (1) GSTR 2A & GSTR 3B mismatch, (2) Demand of GST on R & D exp.recovery and (3) Denial of ITC on alleged Block Credit.MoreLess
  • Tax disputeDeputy Commissioner of State Tax, MaharashtraSince 20 Jun 2024
    The Company has preferred an appeal before the Commissioner (Appeals) against the Order of the Deputy Commissioner. Personal Hearing awaited. The said appeal was filed on 16-09-2024 and personal hearing was held on 06-07-2026.MoreLess
    At the filing before: Total demand is Rs.4,77,61,472 /- which includes GST - Rs.2,15,84,212 /- + Interest Rs.2,39,58,474 /- + Penalty - Rs.22,18,786 /- pursuant to order dated 18-06-2024 on alleged Excess ITC claimed, Excess IGST claimed on import compared to ICEGATE data, GSTR 3B mismatch with GSTR 2A and ITC claimed on Blocked Credit.MoreLess
  • Tax disputeAssistant Commissioner of Central Tax, CGST & CX, Bhowanipur Division, Kolkata South Commissionerate.Since 31 Jul 2024
    The Company has preferred an appeal before the Commissioner (Appeals) against the Order of the Assistant Commissioner. Appeal filed on 30th September 2024 and Personal Hearing awaited.
    At the filing before: Service Tax has been demanded to the tune of Rs.45,53,215 /- including Cess with equivalent penalty of Rs.45,53,215 /- along with applicable Interest for the F.Y. 2015-16 to 2017-18 pursuant to order dated 22.07.2024 on account of alleged Demand of Service Tax on Commission received, Demand of Service Tax on Management /Service Fees, Demand of Service Tax on Miscellanous Receipts and Demand of Service Tax on expenses under Reverse Charge Mechanism.MoreLess
  • Tax disputeIncome Tax Appellate Tribunal_C BenchSince 26 Jul 2024
    Order for the Assessment year 2020-21 received on 10-07-2025 which was passed on 19-03-2025. Ld. ITAT has releived the following Addition : 1. Upward TP adjustment Rs. 99,95,076/- and Club expenditure which was disallowed Rs. 3,73,864/-MoreLess
    At the filing before: An order under section 143 (3) of the Income Tax Act, issued by the Income Tax Department raising a tax demand of Rs. 64,07,051/- including interest for FY 2019-20 (AY 2020-21). The Company had filed an appeal against the above said order before the Hon’ble Income Tax Appellate Tribunal (“ITAT”). The Hon’ble ITAT has partly allowed the appeal and has given relief against few of the ground of appeal and has given the direction to the Ld. Transfer pricing officer (“TPO”) and Ld. Assessing officer to give effect to the appeal. Ld. Assessing officer will pass the final order giving the appeal effect of tribunal.MoreLess
3 more
  • Tax disputeNational Faceless Assessment Centre, Income Tax DepartmentSince 30 Mar 2025
    Penalty order passed u/s. 271D for acceptance of loan or deposit of Rs. 1,12,65,249/- and order passed u/s. 271E for repaid loan or deposit of Rs. 1,09,13,610/-. Further, we have filed the appeal on 18-04-2025 for 271D and 17th April'2025 for 271E, hearing awaited.MoreLess
    At the filing before: Regarding order under section 271D of the Income Tax Act, for in contravention of section 269SS and 271E of the Income Tax Act, in contravention of section 269T issued by the Income Tax Department raising Income Tax penalty demand of Rs. 1,12,65,249/- (One Crore Twelve Lacs sixty-five thousand two hundred forty-nine only) and Rs. 1,09,13,610/- (One Crore nine Lacs thirteen thousand six hundred ten only). Totalling Rs. 2,21,78,869 (Two crore twenty-one lakhs seventy-eight thousand eight hundred sixty-nine only for FY 2019-20 (AY 2020-21).MoreLess
  • Tax disputeNational Faceless assessment Centre, Income Tax DepartmentSince 2 Mar 2026
    The Company has preferred an appeal before the Dispute Resolution Panel against the Order. The Company has received the directions dated 30th September, 2026 from Dispute Resolution Panel-2 (“DRP”), New Delhi under section 144C(5) of the IT Act 1961, pursuant to the objections filed by the Company, The DRP did not accept most of the Company’s objections and directed the AO to incorporate its findings in the final order. Upon receipt of the final order, the Company will evaluate the final order and take appropriate action.MoreLess
    At the filing before: Draft Order u/s 144C(1) of the Income-tax Act 1961 proposing to make Transfer pricing adjustment of INR 3,84,17,653/- in computing the taxable income. Tax liability is not determined in the Draft Assessment Order.MoreLess
  • Tax disputeAssistant Commissioner (in situ),CGST Range - 23, Div. V, Noida, Uttar PradeshSince 31 Dec 2025
    We had filed an appeal against the Assistant Commissioner's Order before the Additional Commissioner (Appeals), Noida. Now, we have received favourable order from the adjudicating authority whereby vide Order dated 14th July 2026, the Additional Commissioner (Appeals), Noida has set aside the demand order passed by the Assistant Commissioner with consequential relief.MoreLess
    At the filing before: Regarding the The demand has been raised under the UPGST Act, 2017 for an amount of INR 6,61,766/- for the F.Y. 2021-22. The demand includes GST of INR 6,01,606/- and Penalty of INR 60,160/-. The allegation was for non-payment of GST against recovery of R & D Fees from foreign entities by way of issuance of Debit Notes.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 1 complaint open, quarter to Dec 2024.
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.