Disa India CEO, MD, chairman, board of directors and AGM

NSE: DISAQBSE: 500068Industrial ManufacturingSmall Cap

₹11,500.00₹90.00 (0.79%)

Share price at the NSE close on 23 Oct 2026. Previous close ₹11,410.00.

52-week range of BSE trades to 22 Oct 2026

₹10,414.00Low, 12 Jun 2026₹14,498.90High, 6 Feb 2026

Market cap: ₹1,672 Cr1,223rd largest listed
P/E: 32.6
P/B: 5.5
Dividend yield: 1.74%
ROE: 18.0%
ROCE: 19.5%
Debt to equity: 0.00
Volume, NSE: 4195.1% delivered

Disa India board of directors

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

ChairpersonDeepa Agar Hingorani
Managing director and CEOLokesh Saxena
Company Secretary and Compliance OfficerShrithee M S

7 directors4 independent1 executive2 non-executive

Deepa Agar Hingorani · ChairpersonNon-executive · joined Mar 2025 · 1 listed board · 2 committee seats
Lokesh Saxena · Managing director and CEOExecutive · joined Jun 2017 · reappointed Jun 2026 · 1 listed board · 1 committee seat
Ulla Hartvig Plathe TonnesenNon-executive · joined Jul 2019 · 1 listed board
Ranjan SenIndependent · joined Feb 2025 · reappointed Feb 2025 · 19 months as independent · 1 listed board · 1 as independent
Malvieka JoshiIndependent · joined Feb 2025 · reappointed Feb 2025 · 19 months as independent · 2 listed boards · 2 as independent · 1 committee seat, 1 as chair
Vidya ViswanathanIndependent · joined Feb 2025 · reappointed Feb 2025 · 19 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
Angadu Mohanakrishnan MuralidharanIndependent · joined Jan 2026 · reappointed Jan 2026 · 8 months as independent · 1 listed board · 1 as independent · 1 committee seat

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

Anders Wilhjelm, left 28 Feb 2026: Others
Bhagya Chandra Rao, left 27 Jan 2026: Tenure Completion
Micheal Declan Guerin, left 5 Feb 2025: Others

Committees and meetings

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

Board
- 12 Aug 20267 of 7 present4 independent · 84 days in between
- 19 May 20267 of 7 present4 independent
Audit Committee
Chair Vidya Viswanathan
Deepa Agar Hingorani, Angadu Mohanakrishnan Muralidharan
- 11 Aug 20263 of 3 present2 independent · 83 days in between
- 19 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Malvieka Joshi
Ulla Hartvig Plathe Tonnesen, Angadu Mohanakrishnan Muralidharan
- 18 May 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Malvieka Joshi
Deepa Agar Hingorani, Lokesh Saxena
- 20 Aug 20263 of 3 present1 independent
Risk Management Committee
Chair Angadu Mohanakrishnan Muralidharan
Vidya Viswanathan, Ranjan Sen, Ulla Hartvig Plathe Tonnesen, Lokesh Saxena
- 20 Aug 20264 of 5 present3 independent · 93 days in between
Corporate Social Responsibility Committee
Chair Ranjan Sen
Ulla Hartvig Plathe Tonnesen, Lokesh Saxena
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 Jun 2026.

S.R. Batliboi & Associates LLPPeer-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.

Disa 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.Disa India dividend history

Annual general meeting, 12 Aug 2026

4,973 shareholders on the register on 5 Aug 2026; present: 2 promoters and 33 others; votes counted by NAGENDRA D RAO / NAGENDRA D RAO.The company's voting result (opens in a new tab)

Adoption of Audited Financial Statements for the year ended March 31, 2026.
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.26%
Turnout: all 83.17% · promoters 100.00% · institutions 99.41% · other public 0.47%
To declare Final Dividend of Rs. 200/- (2000%) per Equity Share of Rs. 10/- each for the Financial Year ended March 31, 2026.
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.26%
Turnout: all 83.17% · promoters 100.00% · institutions 99.41% · other public 0.47%
To appoint a Director in place of Ms. Ulla Hartvig Plathe Tønnesen (DIN: 08507796), who retires by rotation at this Annual General Meeting and Being eligible, offers herself for re-appointment.
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.26%
Turnout: all 83.17% · promoters 100.00% · institutions 99.41% · other public 0.47%
To re-appoint Mr. Lokesh Saxena (DIN: 07823712) as Managing Director (MD) & Chief Executive Officer (CEO) of the Company.
Special
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.26%
Turnout: all 83.17% · promoters 100.00% · institutions 99.41% · other public 0.47%
To ratify the remuneration of Cost Auditors.
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.26%
Turnout: all 83.17% · promoters 100.00% · institutions 99.41% · other public 0.47%
To approve 'Material Related Party Transactions' for FY 2026-27 with DISA Industries A/S, Denmark.
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.26%
Turnout: all 8.35% · promoters 0.00% · institutions 99.41% · other public 0.47%

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 12 Aug 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)

Adoption of Audited Financial Statements for the year ended March 31, 2026.
2 for0 against
To declare Final Dividend of Rs. 200/- (2000%) per Equity Share of Rs. 10/- each for the Financial Year ended March 31, 2026.
2 for0 against
To appoint a Director in place of Ms. Ulla Hartvig Plathe Tønnesen (DIN: 08507796), who retires by rotation at this Annual General Meeting and Being eligible, offers herself for re-appointment.
2 for0 against
To re-appoint Mr. Lokesh Saxena (DIN: 07823712) as Managing Director (MD) & Chief Executive Officer (CEO) of the Company.
2 for0 against
To ratify the remuneration of Cost Auditors.
2 for0 against
To approve 'Material Related Party Transactions' for FY 2026-27 with DISA Industries A/S, Denmark.
2 for0 against

Mutual fund votes, meeting of 11 Apr 2026, 2 fund houses

1) Appoint A M Muralidharan (DIN: 03279284) as Independent Director from 28 January 2026 till 19 May 2030.
1 for0 against
Appointment of Mr. Muralidharan Angadu Mohanakrishnan (DIN: 03279284) as an Independent Director of the Company at the remuneration as per the Company’s policy and to hold office for a term of Four years Three months Twenty Two days from January 28, 2026 up to and including May 19, 2030 and that his office shall not be liable for retirement by rotation.MoreLess
1 for0 against

6 earlier meetings

Mutual fund votes, meeting of 14 Aug 2025, 2 fund houses

1) Adoption of Audited Standalone and Consolidated Financial Statements for the year ended 31st March, 2025 and the Reports of the Directors and Auditors thereon.
1 for0 against
2) Declare final dividend of Rs. 100.0 and approve interim dividend of Rs. 100.0 per equity share of face value Rs. 10.0 each for FY25.
1 for0 against
3) Reappoint Anders Wilhjelm (DIN: 08507772) as Non – Executive Non – Independent Director, liable to retire by rotation.
1 for0 against
4) Appoint GDR & Partners LLP as secretarial auditors for five years from the conclusion of the FY25 AGM till the conclusion of the FY30 AGM and fix their remuneration.
1 for0 against
5) Ratify remuneration of Rs. 180,000 to Rao, Murthy & Associates as cost auditor for FY25.
1 for0 against
6) Approve related party transactions with DISA Industries A/S, Denmark for FY26 for an amount upto Rs. 1.2 bn.
1 for0 against
Appointment of Messrs. GDR and Partners LLP, Company Secretaries (ICSI Firm Regn. No.: L2024KR016500) as the Secretarial Auditors of the Company for a period of 5 (Five) consecutive years from the conclusion of this 40th Annual General Meeting till the conclusion of the 45th Annual General Meeting of the Company to be held in Financial year 2030, on such remuneration as recommended by the Audit Committee and as may be mutually agreed between the Board of Directors of the Company and Secretarial Auditors.MoreLess
1 for0 against
Ratification of remuneration of Rs.1,80,000/- plus applicable taxes and reimbursement of out of pocket expenses, payable to Messrs. Rao, Murthy and Associates, Cost Accountants, Bengaluru (Reg. No. 000065), as Cost Auditors of the Company for conducting the cost audit of the accounts and records for the Financial Year ended March 31, 2025.MoreLess
1 for0 against
To appoint a Director in place of Mr. Anders Wilhjelm (DIN: 08507772), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
1 for0 against
To approve Material Related Party Transactions with DISA Industries A/S, Denmark, for purchase, sale, transfer or receipt of products, goods, materials, resources, services, royalty, commission or other obligations, for an amount not exceeding in aggregate Rs. 1,200 Million during Financial Year 2025-26 shall be carried out in the ordinary course of business and at arm’s length basis.MoreLess
1 for0 against
To confirm the payment of Interim Dividend of Rs. 100/- (1000%) and to declare Final Dividend of Rs. 100/- (1000%) per Equity Share of Rs. 10/- each for the Financial Year ended March 31, 2025.
1 for0 against
To receive, consider and adopt the Audited Financial Statements (including the consolidated financial statements) of the Company for the year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
1 for0 against

Mutual fund votes, meeting of 2 May 2025, 2 fund houses

1) Appoint Ms. Malvieka Joshi (DIN: 03393195) as an Independent Director for five years from 5 February 2025.
1 for0 against
2) Appoint Ranjan Sen (DIN: 06872411) as an Independent Director for five years from 5 February 2025.
1 for0 against
3) Appoint Ms. Vidya Viswanathan (DIN: 06978067) as an Independent Director for five years from 5 February 2025.
1 for0 against
4) Appoint Ms. Deepa Agar Hingorani (DIN: 00206310) as a Non–Executive Non–Independent Director and Chairperson from 28 March 2025, liable to retire by rotation, and fix her remuneration.
1 for0 against
Appointment of Mr. Ranjan Sen (DIN: 06872411) as an Independent Director of the Company to hold office for a term of five consecutive years from February 5, 2025 up to and including February 4, 2030 and that his office shall not be liable for retirement by rotation.MoreLess
1 for0 against
Appointment of Ms. Deepa Agar Hingorani (DIN: 00206310) as a Non- Executive Non- Independent Director of the Company, liable to retire by rotation.
1 for0 against
Appointment of Ms. Malvieka Joshi (DIN: 03393195) as an Independent Director of the Company to hold office for a term of five consecutive years from February 5, 2025 up to and including February 4, 2030 and that her office shall not be liable for retirement by rotation.MoreLess
1 for0 against
Appointment of Ms. Vidya Viswanathan (DIN: 06978067) as an Independent Director of the Company to hold office for a term of five consecutive years from February 5, 2025 up to and including February 4, 2030 and that her office shall not be liable for retirement by rotation.MoreLess
1 for0 against

Mutual fund votes, meeting of 8 Aug 2024, 3 fund houses

1) Adoption of Audited Standalone and Consolidated Financial Statements for the year ended 31st March, 2024 and the Reports of the Directors and Auditors thereon.
1 for0 against
2) Declare final dividend of Rs. 100.0 and approve interim dividend of Rs. 100.0 per equity share of face value Rs. 10.0 each for FY24.
1 for0 against
3) Reappoint Ms. Ulla Hartvig Plathe Tonnesen (DIN: 08507796) as Director, liable to retire by rotation.
1 for0 against
4) Ratify remuneration of Rs. 180,000 to Rao, Murthy & Associates as cost auditor for FY24.
1 for0 against
5) Approve payment of commission to Independent Directors upto 1% of the net profits from FY25.
1 for0 against
6) Approve related party transactions with DISA Industries A/S, Denmark for FY25 for an amount upto Rs. 1.0 bn.
1 for0 against
Payment of Commission to the Independent Directors of the Company in such proportion as the Board may think fit at a rate not exceeding 1% of the net profits of the Company to be computed in the manner laid down in Section 198 of the Companies Act, 2013 commencing from the financial year 2024 - 25.MoreLess
2 for0 against
Ratification of remuneration of Rs. 1,80,000/- plus applicable taxes and reimbursement of out of pocket expenses payable to Messrs. Rao, Murthy and Associates, Cost Accountants, Bengaluru (Reg. No. 000065), as Cost Auditors of the Company for conducting the cost audit of the accounts and records for the Financial Year ended March 31, 2024.MoreLess
2 for0 against
To appoint a Director in place of Ms. Ulla Hartvig Plathe Tonnesen (DIN: 08507796), who retires by rotation at this Annual General Meeting and being eligible, offers herself for re-appointment.
2 for0 against
To approve Material Related Party Transactions with DISA Industries A/S, Denmark for an amount not exceeding in aggregate Rs. 1000 Million for FY 2024 - 25.
Against LIC Mutual Fund
LIC Mutual FundCompliant with Law. Governance Concern: Basis for Arm s Length pricing not disclosed; Transparency Concern: Lack of clarity regarding whether prior approval of shareholders sought or not.
1 for1 against
To confirm the payment of Interim Dividend of Rs. 100/- (1000%) and to declare Final Dividend of Rs. 100/- (1000%) per Equity Share of Rs. 10/- each for the Financial Year ended March 31, 2024.
2 for0 against
To receive, consider and adopt the Audited Financial Statements (including the consolidated financial statements) of the Company for the year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
2 for0 against

Mutual fund votes, meeting of 10 Aug 2023, 2 fund houses

1) Adoption of Audited Standalone and Consolidated Financial Statements for the year ended 31st March, 2023 and the Reports of the Directors and Auditors thereon.
1 for0 against
2) Confirm interim dividend of Rs. 100.0 per equity (face value of Rs. 10.0) and approve final dividend of Rs. 10.0 per equity share (face value of Rs. 10.0) for FY23.
1 for0 against
3) Reappoint Anders Wilhjelm (DIN: 08507772) as Director, liable to retire by rotation.
Against SBI Mutual Fund
SBI Mutual FundAnders Wilhjelm, 56, is President & CEO of Norican Group and has been on the board since July 2019. He retires by rotation and attended four of five board meetings (80%) in FY23. His reappointment is in line with statutory requirements. We observe that there are 6 Board of Directors (BODs), out of which 2 are classified as independent directors. Further there is one long tenured ID, due to long association with the company. Hence, the effective independence is assessed at 17% according to the SBIMF Framework. We wish to clarify that we do not have any doubt about the competency of the directors. Our only concern is <50% independence on the board, for which we hold promoters/promoter representatives accountable. Due to these reasons, we do not support the resolution.
0 for1 against
4) Appoint S R Batliboi & Associates LLP as statutory auditors for five years from conclusion of the 2023 AGM and fix their remuneration for FY24.
1 for0 against
5) Ratify remuneration of Rs. 180,000 payable to Rao, Murthy & Associates, as cost auditors for FY23.
1 for0 against
6) Reappoint Lokesh Saxena (DIN: 07823712) as Managing Director for three years from 21 June 2023 and fix his remuneration as minimum remuneration.
1 for0 against
7) Approve related party transactions with DISA Industries A/S; Denmark for three years from FY24 for an amount upto Rs. 900.0 mn.
1 for0 against
Ratification of remuneration of Rs.1,80,000/- plus applicable taxes and reimbursement of out of pocket expenses payable to Messrs. Rao, Murthy & Associates, Cost Accountants, Bengaluru (Reg. No.000065), appointed as Cost Auditors of the Company for conducting the cost audit of the accounts and records for the Financial Year ended March 31, 2023.MoreLess
1 for0 against
To appoint a Director in place of Mr. Anders Wilhjelm (DIN: 08507772), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
1 for0 against
To appoint Messrs. S.R. Batliboi & Associates LLP, Chartered Accountants (Firm Registration No. 101049W/ E300004) as the Statutory Auditors of the Company for a term of five (5) years commencing from the conclusion of the 38th Annual General Meeting until the conclusion of the 43rd Annual General Meeting of the Company on such remuneration.MoreLess
1 for0 against
To approve Material Related Party Transactions with DISA Industries A/S Denmark for purchase, sale, transfer or receipt of products, goods, materials, resources, services, royalty, commission or other obligation for an amount not exceeding in aggregate Rs.900 Million each year for a period of three years from FY 2023-24 to FY 2025-26 which are in the ordinary course of business and at an arm’s length basis.MoreLess
1 for0 against
To confirm the payment of Interim Dividend of Rs. 100/- (1000%) and to declare Final Dividend of Rs. 10/- (100%) per Equity Share of Rs.10/- each for the Financial Year ended March 31, 2023.
1 for0 against
To re-appoint Mr. Lokesh Saxena (DIN: 07823712) as the Managing Director of the Company for a period of three years with effect from June 21, 2023 to June 20, 2026 and including remuneration.
1 for0 against
To receive, consider and adopt the Audited Financial Statements (including the consolidated financial statements) of the Company for the year ended March 31, 2023, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
1 for0 against

Mutual fund votes, meeting of 12 Aug 2022, 1 fund house

1) Adoption of standalone and consolidated financial statements for the year ended 31 March 2022 together with Reports of Board of Directors & Auditors thereon.
1 for0 against
2) Declare final dividend of Rs. 10.0 per equity share (face value of Rs. 10.0) for FY22.
1 for0 against
3) Reappoint Michael Declan Guerin (DIN: 0009055549) as Director, liable to retire by rotation.
Against SBI Mutual Fund
SBI Mutual Fundwe observe that there are 6 Board of Directors (BODs), out of which two are classified as Independent Directors (ID). We notice that Ms Deepa Agar Hingorani, ID and Chairperson, has been on the board of Disa since 15/08/2006. Under SBIMF’s framework, long tenured IDs i.e. more than 10 years on the board of any company are not considered independent in spirit. Hence, as per our framework, there is only 1 independent directors of the total 6 BODs (i.e.17%). SEBI LODR (2015) mandates 33% independence on the board if the chairman of the board is independent. SBI Mutual Fund’s internal guideline does not allow us to vote in favour of appointment/re-appointment of the promoter director/promoter representatives if the board does not meet the 50% independence criteria, which is in line with best practices of Kotak Committee Recommendations. We wish to re-iterate that we have no doubts in the capabilities of Mr Michael Declan Guerin. Our sole objection is that the board does not have 50% independence.
0 for1 against
4) Ratify remuneration of Rs. 165,000 payable to Rao, Murthy & Associates, as cost auditors for FY22.
1 for0 against

Mutual fund votes, meeting of 12 Aug 2021, 3 fund houses

1) Adoption of Audited Standalone and Consolidated Financial Statements for the year ended 31st March, 2021 and the Reports of the Directors and Auditors thereon.
1 for0 against
2) To declare Dividend on Equity Shares.
1 for0 against
3) Re-appoint Ms. Ulla Hartvig Plathe Tonnesen as a Director.
1 for0 against
4) Ratify remuneration of Rs.165,000 for M/s. Rao Murthy & Associates, as Cost Auditors for FY21.
1 for0 against
5) Appoint Mr. Bhagya Chandra Rao as an Independent Director for five years from 28th January, 2021.
1 for0 against
6) Appoint Mr. Michael Declan Guerin as a Director from 11th February, 2021, liable to retire by rotation.
1 for0 against
7) Approve commission of Rs. 0.4 mn payable to Ms. Deepa Hingorani, as an Independent Director for FY21, being in excess of 50% of the total annual remuneration payable to all Non-Executive Directors.
1 for0 against
Adoption of standalone and consolidated financial statements for the year ended 31 March 2021
1 for0 against
Appoint Bhagya Chandra Rao (DIN: 00211127) as Independent Director for five years from 28 January 2021
1 for0 against
Appoint Michael Declan Guerin (DIN: 0009055549) as Non-Executive Non-Independent Director from 11 February 2021, liable to retire by rotation
1 for0 against
Approve commission of Rs. 0.4 mn payable to Ms. Deepa Hingorani (DIN: 00206310), Independent Director for FY21, being in excess of 50% of the total annual remuneration payable to all Non-Executive DirectorsMoreLess
1 for0 against
Declare final dividend of Rs. 10 per equity share (face value Rs. 10.0) for FY21
1 for0 against
Ratify remuneration of Rs.165,000 for Rao Murthy & Associates, as cost auditors for FY21
1 for0 against
Reappoint Ms. Ulla Hartvig Plathe Tonnesen (DIN: 08507796) as Non-Executive Non-Independent Director, liable to retire by rotation
1 for0 against
To appoint a Director in place of Ms. Ulla Hartvig Plathe Tønnesen (DIN: 08507796), who retires by rotation at this Annual General Meeting and being eligible, offers herself for re-appointment.
1 for0 against
To appoint Mr. Bhagya Chandra Rao (DIN: 00211127) as a Director and as an Independent Director of the Company
1 for0 against
To appoint Mr. Michael Declan Guerin (DIN: 0009055549) as a Director of the Company.
1 for0 against
To declare Dividend of Rs. 10/- (100%) per Equity Share of Rs. 10/- each for the financial year ended March 31, 2021.
1 for0 against
To pay remuneration exceeding fifty percent (50%) of the total remuneration payable to all Non-Executive Directors to Ms. Deepa Hingorani (DIN: 00206310).
1 for0 against
To ratify the remuneration of Cost Auditors
1 for0 against
To receive, consider and adopt the Audited Financial Statements (including the consolidated financial statements) of the Company for the year ended March 31, 2021, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
1 for0 against

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

Dealings with its subsidiaries, promoters, directors and their firms, reported every half-year.Promoters and their stake

Half-year to Mar 2026: ₹72.3 Cr37 dealings
Half-year to Sep 2025: ₹55.3 Cr39 dealings
Half-year to Mar 2025: ₹48.8 Cr36 dealings
Half-year to Sep 2024: ₹46.0 Cr25 dealings
Half-year to Mar 2024: ₹43.7 Cr28 dealings
Half-year to Sep 2023: ₹36.5 Cr26 dealings

Between	Dealing
DISA India Limited and DISA Industries A/SFellow Subsidiary	Sale of goods or services1. Amount in bracket denotes credit balance. 2. Related parties as defined under the Indian Accounting Standards - 24 'Related Party Disclosures' have been identified based on the information available with the Company. All above transaction are in the ordinary course of business and on arms' length basis. 3. Transactions and balance with the subsidiary Bhadra Castalloy Private Ltd., have been eliminated on consolidation. 4. Material Related Party Transactions with DISA Industries A/S, Denmark was also approved by the shareholders in the Annual General Meeting of the Company held on August 14, 2025 5. DISA Industries Inc, Wheelabrator Group USA and Simpson Technologies US merged as Norican Group North America INC wef August 01, 2025 6. Italpresse Industrie SpA separated from Norican Group wef June 02, 2025. Transaction till June 2, 2025 have been considered in above list 7. DISA Technologies Private Limited name changed to Norican Competency Centre India Private Limited with effect from September 15, 2025 8. Related Party transactions with Wheelabrator Group GMBH, Norican Group North America Inc, Wheelabrator Group Ltd, Norican Czech s.r.o, Norican A/S have been ratified due to change in business projections for the FY 2025-26 and also approved at the Audit Committee and Board meetings held on the respective dates.	60.00	20.11	0.19	0.02
DISA India Limited and DISA Industries A/SFellow Subsidiary	Purchase of goods or services1. Amount in bracket denotes credit balance. 2. Related parties as defined under the Indian Accounting Standards - 24 'Related Party Disclosures' have been identified based on the information available with the Company. All above transaction are in the ordinary course of business and on arms' length basis. 3. Transactions and balance with the subsidiary Bhadra Castalloy Private Ltd., have been eliminated on consolidation. 4. Material Related Party Transactions with DISA Industries A/S, Denmark was also approved by the shareholders in the Annual General Meeting of the Company held on August 14, 2025 5. DISA Industries Inc, Wheelabrator Group USA and Simpson Technologies US merged as Norican Group North America INC wef August 01, 2025 6. Italpresse Industrie SpA separated from Norican Group wef June 02, 2025. Transaction till June 2, 2025 have been considered in above list 7. DISA Technologies Private Limited name changed to Norican Competency Centre India Private Limited with effect from September 15, 2025 8. Related Party transactions with Wheelabrator Group GMBH, Norican Group North America Inc, Wheelabrator Group Ltd, Norican Czech s.r.o, Norican A/S have been ratified due to change in business projections for the FY 2025-26 and also approved at the Audit Committee and Board meetings held on the respective dates.	44.00	16.11	−5.45	3.89
DISA India Limited and Norican Group North America INCFellow Subsidiary	Sale of goods or services1. Amount in bracket denotes credit balance. 2. Related parties as defined under the Indian Accounting Standards - 24 'Related Party Disclosures' have been identified based on the information available with the Company. All above transaction are in the ordinary course of business and on arms' length basis. 3. Transactions and balance with the subsidiary Bhadra Castalloy Private Ltd., have been eliminated on consolidation. 4. Material Related Party Transactions with DISA Industries A/S, Denmark was also approved by the shareholders in the Annual General Meeting of the Company held on August 14, 2025 5. DISA Industries Inc, Wheelabrator Group USA and Simpson Technologies US merged as Norican Group North America INC wef August 01, 2025 6. Italpresse Industrie SpA separated from Norican Group wef June 02, 2025. Transaction till June 2, 2025 have been considered in above list 7. DISA Technologies Private Limited name changed to Norican Competency Centre India Private Limited with effect from September 15, 2025 8. Related Party transactions with Wheelabrator Group GMBH, Norican Group North America Inc, Wheelabrator Group Ltd, Norican Czech s.r.o, Norican A/S have been ratified due to change in business projections for the FY 2025-26 and also approved at the Audit Committee and Board meetings held on the respective dates.	20.00	10.86	7.22	0.78
DISA India Limited and Norican A/SFellow Subsidiary	Any other transactionGroup IT Fees payable1. Amount in bracket denotes credit balance. 2. Related parties as defined under the Indian Accounting Standards - 24 'Related Party Disclosures' have been identified based on the information available with the Company. All above transaction are in the ordinary course of business and on arms' length basis. 3. Transactions and balance with the subsidiary Bhadra Castalloy Private Ltd., have been eliminated on consolidation. 4. Material Related Party Transactions with DISA Industries A/S, Denmark was also approved by the shareholders in the Annual General Meeting of the Company held on August 14, 2025 5. DISA Industries Inc, Wheelabrator Group USA and Simpson Technologies US merged as Norican Group North America INC wef August 01, 2025 6. Italpresse Industrie SpA separated from Norican Group wef June 02, 2025. Transaction till June 2, 2025 have been considered in above list 7. DISA Technologies Private Limited name changed to Norican Competency Centre India Private Limited with effect from September 15, 2025 8. Related Party transactions with Wheelabrator Group GMBH, Norican Group North America Inc, Wheelabrator Group Ltd, Norican Czech s.r.o, Norican A/S have been ratified due to change in business projections for the FY 2025-26 and also approved at the Audit Committee and Board meetings held on the respective dates.	16.00	6.04	−2.59	2.44
DISA India Limited and Norican A/SFellow Subsidiary	Any other transactionGroup Service fees paid1. Amount in bracket denotes credit balance. 2. Related parties as defined under the Indian Accounting Standards - 24 'Related Party Disclosures' have been identified based on the information available with the Company. All above transaction are in the ordinary course of business and on arms' length basis. 3. Transactions and balance with the subsidiary Bhadra Castalloy Private Ltd., have been eliminated on consolidation. 4. Material Related Party Transactions with DISA Industries A/S, Denmark was also approved by the shareholders in the Annual General Meeting of the Company held on August 14, 2025 5. DISA Industries Inc, Wheelabrator Group USA and Simpson Technologies US merged as Norican Group North America INC wef August 01, 2025 6. Italpresse Industrie SpA separated from Norican Group wef June 02, 2025. Transaction till June 2, 2025 have been considered in above list 7. DISA Technologies Private Limited name changed to Norican Competency Centre India Private Limited with effect from September 15, 2025 8. Related Party transactions with Wheelabrator Group GMBH, Norican Group North America Inc, Wheelabrator Group Ltd, Norican Czech s.r.o, Norican A/S have been ratified due to change in business projections for the FY 2025-26 and also approved at the Audit Committee and Board meetings held on the respective dates.	10.00	3.72	−1.65	1.39
DISA India Limited and Norican Czech s.r.o.Fellow Subsidiary	Purchase of goods or services1. Amount in bracket denotes credit balance. 2. Related parties as defined under the Indian Accounting Standards - 24 'Related Party Disclosures' have been identified based on the information available with the Company. All above transaction are in the ordinary course of business and on arms' length basis. 3. Transactions and balance with the subsidiary Bhadra Castalloy Private Ltd., have been eliminated on consolidation. 4. Material Related Party Transactions with DISA Industries A/S, Denmark was also approved by the shareholders in the Annual General Meeting of the Company held on August 14, 2025 5. DISA Industries Inc, Wheelabrator Group USA and Simpson Technologies US merged as Norican Group North America INC wef August 01, 2025 6. Italpresse Industrie SpA separated from Norican Group wef June 02, 2025. Transaction till June 2, 2025 have been considered in above list 7. DISA Technologies Private Limited name changed to Norican Competency Centre India Private Limited with effect from September 15, 2025 8. Related Party transactions with Wheelabrator Group GMBH, Norican Group North America Inc, Wheelabrator Group Ltd, Norican Czech s.r.o, Norican A/S have been ratified due to change in business projections for the FY 2025-26 and also approved at the Audit Committee and Board meetings held on the respective dates.	7.50	3.10	−0.87	2.47
DISA India Limited and Wheelabrator Group GmbHFellow Subsidiary	Any other transactionCommission Received1. Amount in bracket denotes credit balance. 2. Related parties as defined under the Indian Accounting Standards - 24 'Related Party Disclosures' have been identified based on the information available with the Company. All above transaction are in the ordinary course of business and on arms' length basis. 3. Transactions and balance with the subsidiary Bhadra Castalloy Private Ltd., have been eliminated on consolidation. 4. Material Related Party Transactions with DISA Industries A/S, Denmark was also approved by the shareholders in the Annual General Meeting of the Company held on August 14, 2025 5. DISA Industries Inc, Wheelabrator Group USA and Simpson Technologies US merged as Norican Group North America INC wef August 01, 2025 6. Italpresse Industrie SpA separated from Norican Group wef June 02, 2025. Transaction till June 2, 2025 have been considered in above list 7. DISA Technologies Private Limited name changed to Norican Competency Centre India Private Limited with effect from September 15, 2025 8. Related Party transactions with Wheelabrator Group GMBH, Norican Group North America Inc, Wheelabrator Group Ltd, Norican Czech s.r.o, Norican A/S have been ratified due to change in business projections for the FY 2025-26 and also approved at the Audit Committee and Board meetings held on the respective dates.	2.90	2.79	0.00	2.42
DISA India Limited and DISA Changzhou Machinery LimitedFellow Subsidiary	Purchase of goods or services1. Amount in bracket denotes credit balance. 2. Related parties as defined under the Indian Accounting Standards - 24 'Related Party Disclosures' have been identified based on the information available with the Company. All above transaction are in the ordinary course of business and on arms' length basis. 3. Transactions and balance with the subsidiary Bhadra Castalloy Private Ltd., have been eliminated on consolidation. 4. Material Related Party Transactions with DISA Industries A/S, Denmark was also approved by the shareholders in the Annual General Meeting of the Company held on August 14, 2025 5. DISA Industries Inc, Wheelabrator Group USA and Simpson Technologies US merged as Norican Group North America INC wef August 01, 2025 6. Italpresse Industrie SpA separated from Norican Group wef June 02, 2025. Transaction till June 2, 2025 have been considered in above list 7. DISA Technologies Private Limited name changed to Norican Competency Centre India Private Limited with effect from September 15, 2025 8. Related Party transactions with Wheelabrator Group GMBH, Norican Group North America Inc, Wheelabrator Group Ltd, Norican Czech s.r.o, Norican A/S have been ratified due to change in business projections for the FY 2025-26 and also approved at the Audit Committee and Board meetings held on the respective dates.	10.00	1.50	−0.33	0.81
DISA India Limited and DISA Industries A/SFellow Subsidiary	Any other transactionRoyalty Paid1. Amount in bracket denotes credit balance. 2. Related parties as defined under the Indian Accounting Standards - 24 'Related Party Disclosures' have been identified based on the information available with the Company. All above transaction are in the ordinary course of business and on arms' length basis. 3. Transactions and balance with the subsidiary Bhadra Castalloy Private Ltd., have been eliminated on consolidation. 4. Material Related Party Transactions with DISA Industries A/S, Denmark was also approved by the shareholders in the Annual General Meeting of the Company held on August 14, 2025 5. DISA Industries Inc, Wheelabrator Group USA and Simpson Technologies US merged as Norican Group North America INC wef August 01, 2025 6. Italpresse Industrie SpA separated from Norican Group wef June 02, 2025. Transaction till June 2, 2025 have been considered in above list 7. DISA Technologies Private Limited name changed to Norican Competency Centre India Private Limited with effect from September 15, 2025 8. Related Party transactions with Wheelabrator Group GMBH, Norican Group North America Inc, Wheelabrator Group Ltd, Norican Czech s.r.o, Norican A/S have been ratified due to change in business projections for the FY 2025-26 and also approved at the Audit Committee and Board meetings held on the respective dates.	4.00	1.42	−1.26	2.68
DISA India Limited and Wheelabrator Group GmbHFellow Subsidiary	Purchase of goods or services1. Amount in bracket denotes credit balance. 2. Related parties as defined under the Indian Accounting Standards - 24 'Related Party Disclosures' have been identified based on the information available with the Company. All above transaction are in the ordinary course of business and on arms' length basis. 3. Transactions and balance with the subsidiary Bhadra Castalloy Private Ltd., have been eliminated on consolidation. 4. Material Related Party Transactions with DISA Industries A/S, Denmark was also approved by the shareholders in the Annual General Meeting of the Company held on August 14, 2025 5. DISA Industries Inc, Wheelabrator Group USA and Simpson Technologies US merged as Norican Group North America INC wef August 01, 2025 6. Italpresse Industrie SpA separated from Norican Group wef June 02, 2025. Transaction till June 2, 2025 have been considered in above list 7. DISA Technologies Private Limited name changed to Norican Competency Centre India Private Limited with effect from September 15, 2025 8. Related Party transactions with Wheelabrator Group GMBH, Norican Group North America Inc, Wheelabrator Group Ltd, Norican Czech s.r.o, Norican A/S have been ratified due to change in business projections for the FY 2025-26 and also approved at the Audit Committee and Board meetings held on the respective dates.	1.70	1.36	0.00	1.36
DISA India Limited and DISA Industries A/SFellow Subsidiary	Any other transactionService Income1. Amount in bracket denotes credit balance. 2. Related parties as defined under the Indian Accounting Standards - 24 'Related Party Disclosures' have been identified based on the information available with the Company. All above transaction are in the ordinary course of business and on arms' length basis. 3. Transactions and balance with the subsidiary Bhadra Castalloy Private Ltd., have been eliminated on consolidation. 4. Material Related Party Transactions with DISA Industries A/S, Denmark was also approved by the shareholders in the Annual General Meeting of the Company held on August 14, 2025 5. DISA Industries Inc, Wheelabrator Group USA and Simpson Technologies US merged as Norican Group North America INC wef August 01, 2025 6. Italpresse Industrie SpA separated from Norican Group wef June 02, 2025. Transaction till June 2, 2025 have been considered in above list 7. DISA Technologies Private Limited name changed to Norican Competency Centre India Private Limited with effect from September 15, 2025 8. Related Party transactions with Wheelabrator Group GMBH, Norican Group North America Inc, Wheelabrator Group Ltd, Norican Czech s.r.o, Norican A/S have been ratified due to change in business projections for the FY 2025-26 and also approved at the Audit Committee and Board meetings held on the respective dates.	3.00	1.36	0.34	0.00
DISA India Limited and Lokesh SaxenaKey Managerial Personnel	Remuneration1. Amount in bracket denotes credit balance. 2. Related parties as defined under the Indian Accounting Standards - 24 'Related Party Disclosures' have been identified based on the information available with the Company. All above transaction are in the ordinary course of business and on arms' length basis. 3. Transactions and balance with the subsidiary Bhadra Castalloy Private Ltd., have been eliminated on consolidation. 4. Material Related Party Transactions with DISA Industries A/S, Denmark was also approved by the shareholders in the Annual General Meeting of the Company held on August 14, 2025 5. DISA Industries Inc, Wheelabrator Group USA and Simpson Technologies US merged as Norican Group North America INC wef August 01, 2025 6. Italpresse Industrie SpA separated from Norican Group wef June 02, 2025. Transaction till June 2, 2025 have been considered in above list 7. DISA Technologies Private Limited name changed to Norican Competency Centre India Private Limited with effect from September 15, 2025 8. Related Party transactions with Wheelabrator Group GMBH, Norican Group North America Inc, Wheelabrator Group Ltd, Norican Czech s.r.o, Norican A/S have been ratified due to change in business projections for the FY 2025-26 and also approved at the Audit Committee and Board meetings held on the respective dates.	4.00	0.98	0.00	0.00
DISA India Limited and Norican Competency Centre India Private LimitedFellow Subsidiary	Any other transactionService Fees Paid1. Amount in bracket denotes credit balance. 2. Related parties as defined under the Indian Accounting Standards - 24 'Related Party Disclosures' have been identified based on the information available with the Company. All above transaction are in the ordinary course of business and on arms' length basis. 3. Transactions and balance with the subsidiary Bhadra Castalloy Private Ltd., have been eliminated on consolidation. 4. Material Related Party Transactions with DISA Industries A/S, Denmark was also approved by the shareholders in the Annual General Meeting of the Company held on August 14, 2025 5. DISA Industries Inc, Wheelabrator Group USA and Simpson Technologies US merged as Norican Group North America INC wef August 01, 2025 6. Italpresse Industrie SpA separated from Norican Group wef June 02, 2025. Transaction till June 2, 2025 have been considered in above list 7. DISA Technologies Private Limited name changed to Norican Competency Centre India Private Limited with effect from September 15, 2025 8. Related Party transactions with Wheelabrator Group GMBH, Norican Group North America Inc, Wheelabrator Group Ltd, Norican Czech s.r.o, Norican A/S have been ratified due to change in business projections for the FY 2025-26 and also approved at the Audit Committee and Board meetings held on the respective dates.	4.00	0.81	−0.05	0.00
DISA India Limited and Norican Group North America INCFellow Subsidiary	Purchase of goods or services1. Amount in bracket denotes credit balance. 2. Related parties as defined under the Indian Accounting Standards - 24 'Related Party Disclosures' have been identified based on the information available with the Company. All above transaction are in the ordinary course of business and on arms' length basis. 3. Transactions and balance with the subsidiary Bhadra Castalloy Private Ltd., have been eliminated on consolidation. 4. Material Related Party Transactions with DISA Industries A/S, Denmark was also approved by the shareholders in the Annual General Meeting of the Company held on August 14, 2025 5. DISA Industries Inc, Wheelabrator Group USA and Simpson Technologies US merged as Norican Group North America INC wef August 01, 2025 6. Italpresse Industrie SpA separated from Norican Group wef June 02, 2025. Transaction till June 2, 2025 have been considered in above list 7. DISA Technologies Private Limited name changed to Norican Competency Centre India Private Limited with effect from September 15, 2025 8. Related Party transactions with Wheelabrator Group GMBH, Norican Group North America Inc, Wheelabrator Group Ltd, Norican Czech s.r.o, Norican A/S have been ratified due to change in business projections for the FY 2025-26 and also approved at the Audit Committee and Board meetings held on the respective dates.	4.20	0.54	−1.20	2.01
DISA India Limited and Vidya JayantKey Managerial Personnel	Remuneration1. Amount in bracket denotes credit balance. 2. Related parties as defined under the Indian Accounting Standards - 24 'Related Party Disclosures' have been identified based on the information available with the Company. All above transaction are in the ordinary course of business and on arms' length basis. 3. Transactions and balance with the subsidiary Bhadra Castalloy Private Ltd., have been eliminated on consolidation. 4. Material Related Party Transactions with DISA Industries A/S, Denmark was also approved by the shareholders in the Annual General Meeting of the Company held on August 14, 2025 5. DISA Industries Inc, Wheelabrator Group USA and Simpson Technologies US merged as Norican Group North America INC wef August 01, 2025 6. Italpresse Industrie SpA separated from Norican Group wef June 02, 2025. Transaction till June 2, 2025 have been considered in above list 7. DISA Technologies Private Limited name changed to Norican Competency Centre India Private Limited with effect from September 15, 2025 8. Related Party transactions with Wheelabrator Group GMBH, Norican Group North America Inc, Wheelabrator Group Ltd, Norican Czech s.r.o, Norican A/S have been ratified due to change in business projections for the FY 2025-26 and also approved at the Audit Committee and Board meetings held on the respective dates.	2.20	0.45	0.00	0.00
DISA India Limited and Wheelabrator Group GmbHFellow Subsidiary	Any other transactionRoyalty Paid1. Amount in bracket denotes credit balance. 2. Related parties as defined under the Indian Accounting Standards - 24 'Related Party Disclosures' have been identified based on the information available with the Company. All above transaction are in the ordinary course of business and on arms' length basis. 3. Transactions and balance with the subsidiary Bhadra Castalloy Private Ltd., have been eliminated on consolidation. 4. Material Related Party Transactions with DISA Industries A/S, Denmark was also approved by the shareholders in the Annual General Meeting of the Company held on August 14, 2025 5. DISA Industries Inc, Wheelabrator Group USA and Simpson Technologies US merged as Norican Group North America INC wef August 01, 2025 6. Italpresse Industrie SpA separated from Norican Group wef June 02, 2025. Transaction till June 2, 2025 have been considered in above list 7. DISA Technologies Private Limited name changed to Norican Competency Centre India Private Limited with effect from September 15, 2025 8. Related Party transactions with Wheelabrator Group GMBH, Norican Group North America Inc, Wheelabrator Group Ltd, Norican Czech s.r.o, Norican A/S have been ratified due to change in business projections for the FY 2025-26 and also approved at the Audit Committee and Board meetings held on the respective dates.	1.30	0.29	−0.31	0.38
DISA India Limited and Simpson Technologies GMBHFellow Subsidiary	Purchase of goods or services1. Amount in bracket denotes credit balance. 2. Related parties as defined under the Indian Accounting Standards - 24 'Related Party Disclosures' have been identified based on the information available with the Company. All above transaction are in the ordinary course of business and on arms' length basis. 3. Transactions and balance with the subsidiary Bhadra Castalloy Private Ltd., have been eliminated on consolidation. 4. Material Related Party Transactions with DISA Industries A/S, Denmark was also approved by the shareholders in the Annual General Meeting of the Company held on August 14, 2025 5. DISA Industries Inc, Wheelabrator Group USA and Simpson Technologies US merged as Norican Group North America INC wef August 01, 2025 6. Italpresse Industrie SpA separated from Norican Group wef June 02, 2025. Transaction till June 2, 2025 have been considered in above list 7. DISA Technologies Private Limited name changed to Norican Competency Centre India Private Limited with effect from September 15, 2025 8. Related Party transactions with Wheelabrator Group GMBH, Norican Group North America Inc, Wheelabrator Group Ltd, Norican Czech s.r.o, Norican A/S have been ratified due to change in business projections for the FY 2025-26 and also approved at the Audit Committee and Board meetings held on the respective dates.	2.50	0.25	−1.47	0.07
DISA India Limited and Shrithee M SKey Managerial Personnel	Remuneration1. Amount in bracket denotes credit balance. 2. Related parties as defined under the Indian Accounting Standards - 24 'Related Party Disclosures' have been identified based on the information available with the Company. All above transaction are in the ordinary course of business and on arms' length basis. 3. Transactions and balance with the subsidiary Bhadra Castalloy Private Ltd., have been eliminated on consolidation. 4. Material Related Party Transactions with DISA Industries A/S, Denmark was also approved by the shareholders in the Annual General Meeting of the Company held on August 14, 2025 5. DISA Industries Inc, Wheelabrator Group USA and Simpson Technologies US merged as Norican Group North America INC wef August 01, 2025 6. Italpresse Industrie SpA separated from Norican Group wef June 02, 2025. Transaction till June 2, 2025 have been considered in above list 7. DISA Technologies Private Limited name changed to Norican Competency Centre India Private Limited with effect from September 15, 2025 8. Related Party transactions with Wheelabrator Group GMBH, Norican Group North America Inc, Wheelabrator Group Ltd, Norican Czech s.r.o, Norican A/S have been ratified due to change in business projections for the FY 2025-26 and also approved at the Audit Committee and Board meetings held on the respective dates.	0.40	0.16	0.00	0.00
DISA India Limited and Norican Czech s.r.o.Fellow Subsidiary	Sale of goods or services1. Amount in bracket denotes credit balance. 2. Related parties as defined under the Indian Accounting Standards - 24 'Related Party Disclosures' have been identified based on the information available with the Company. All above transaction are in the ordinary course of business and on arms' length basis. 3. Transactions and balance with the subsidiary Bhadra Castalloy Private Ltd., have been eliminated on consolidation. 4. Material Related Party Transactions with DISA Industries A/S, Denmark was also approved by the shareholders in the Annual General Meeting of the Company held on August 14, 2025 5. DISA Industries Inc, Wheelabrator Group USA and Simpson Technologies US merged as Norican Group North America INC wef August 01, 2025 6. Italpresse Industrie SpA separated from Norican Group wef June 02, 2025. Transaction till June 2, 2025 have been considered in above list 7. DISA Technologies Private Limited name changed to Norican Competency Centre India Private Limited with effect from September 15, 2025 8. Related Party transactions with Wheelabrator Group GMBH, Norican Group North America Inc, Wheelabrator Group Ltd, Norican Czech s.r.o, Norican A/S have been ratified due to change in business projections for the FY 2025-26 and also approved at the Audit Committee and Board meetings held on the respective dates.	0.20	0.13	0.01	0.05
Bhadra Castalloy Private Limited and LAKSHMANACHAR RAMACHARDirector	Remuneration	0.10	0.10	0.00	0.00
DISA India Limited and DISA Industries A/SFellow Subsidiary	Any other transactionReimbursement of Expenses Received1. Amount in bracket denotes credit balance. 2. Related parties as defined under the Indian Accounting Standards - 24 'Related Party Disclosures' have been identified based on the information available with the Company. All above transaction are in the ordinary course of business and on arms' length basis. 3. Transactions and balance with the subsidiary Bhadra Castalloy Private Ltd., have been eliminated on consolidation. 4. Material Related Party Transactions with DISA Industries A/S, Denmark was also approved by the shareholders in the Annual General Meeting of the Company held on August 14, 2025 5. DISA Industries Inc, Wheelabrator Group USA and Simpson Technologies US merged as Norican Group North America INC wef August 01, 2025 6. Italpresse Industrie SpA separated from Norican Group wef June 02, 2025. Transaction till June 2, 2025 have been considered in above list 7. DISA Technologies Private Limited name changed to Norican Competency Centre India Private Limited with effect from September 15, 2025 8. Related Party transactions with Wheelabrator Group GMBH, Norican Group North America Inc, Wheelabrator Group Ltd, Norican Czech s.r.o, Norican A/S have been ratified due to change in business projections for the FY 2025-26 and also approved at the Audit Committee and Board meetings held on the respective dates.	0.50	0.06	0.00	0.02
DISA India Limited and Deepa Agar HingoraniIndependent Director	Any other transactionSitting fees and commission1. Amount in bracket denotes credit balance. 2. Related parties as defined under the Indian Accounting Standards - 24 'Related Party Disclosures' have been identified based on the information available with the Company. All above transaction are in the ordinary course of business and on arms' length basis. 3. Transactions and balance with the subsidiary Bhadra Castalloy Private Ltd., have been eliminated on consolidation. 4. Material Related Party Transactions with DISA Industries A/S, Denmark was also approved by the shareholders in the Annual General Meeting of the Company held on August 14, 2025 5. DISA Industries Inc, Wheelabrator Group USA and Simpson Technologies US merged as Norican Group North America INC wef August 01, 2025 6. Italpresse Industrie SpA separated from Norican Group wef June 02, 2025. Transaction till June 2, 2025 have been considered in above list 7. DISA Technologies Private Limited name changed to Norican Competency Centre India Private Limited with effect from September 15, 2025 8. Related Party transactions with Wheelabrator Group GMBH, Norican Group North America Inc, Wheelabrator Group Ltd, Norican Czech s.r.o, Norican A/S have been ratified due to change in business projections for the FY 2025-26 and also approved at the Audit Committee and Board meetings held on the respective dates.	0.05	0.05	0.00	0.00
DISA India Limited and Malvieka JoshiIndependent Director	Any other transactionSitting fees and commission1. Amount in bracket denotes credit balance. 2. Related parties as defined under the Indian Accounting Standards - 24 'Related Party Disclosures' have been identified based on the information available with the Company. All above transaction are in the ordinary course of business and on arms' length basis. 3. Transactions and balance with the subsidiary Bhadra Castalloy Private Ltd., have been eliminated on consolidation. 4. Material Related Party Transactions with DISA Industries A/S, Denmark was also approved by the shareholders in the Annual General Meeting of the Company held on August 14, 2025 5. DISA Industries Inc, Wheelabrator Group USA and Simpson Technologies US merged as Norican Group North America INC wef August 01, 2025 6. Italpresse Industrie SpA separated from Norican Group wef June 02, 2025. Transaction till June 2, 2025 have been considered in above list 7. DISA Technologies Private Limited name changed to Norican Competency Centre India Private Limited with effect from September 15, 2025 8. Related Party transactions with Wheelabrator Group GMBH, Norican Group North America Inc, Wheelabrator Group Ltd, Norican Czech s.r.o, Norican A/S have been ratified due to change in business projections for the FY 2025-26 and also approved at the Audit Committee and Board meetings held on the respective dates.	0.04	0.04	0.00	0.00
DISA India Limited and Vidya ViswanathanIndependent Director	Any other transactionSitting fees and commission1. Amount in bracket denotes credit balance. 2. Related parties as defined under the Indian Accounting Standards - 24 'Related Party Disclosures' have been identified based on the information available with the Company. All above transaction are in the ordinary course of business and on arms' length basis. 3. Transactions and balance with the subsidiary Bhadra Castalloy Private Ltd., have been eliminated on consolidation. 4. Material Related Party Transactions with DISA Industries A/S, Denmark was also approved by the shareholders in the Annual General Meeting of the Company held on August 14, 2025 5. DISA Industries Inc, Wheelabrator Group USA and Simpson Technologies US merged as Norican Group North America INC wef August 01, 2025 6. Italpresse Industrie SpA separated from Norican Group wef June 02, 2025. Transaction till June 2, 2025 have been considered in above list 7. DISA Technologies Private Limited name changed to Norican Competency Centre India Private Limited with effect from September 15, 2025 8. Related Party transactions with Wheelabrator Group GMBH, Norican Group North America Inc, Wheelabrator Group Ltd, Norican Czech s.r.o, Norican A/S have been ratified due to change in business projections for the FY 2025-26 and also approved at the Audit Committee and Board meetings held on the respective dates.	0.04	0.04	0.00	0.00
DISA India Limited and DISA Changzhou Machinery LimitedFellow Subsidiary	Sale of goods or services1. Amount in bracket denotes credit balance. 2. Related parties as defined under the Indian Accounting Standards - 24 'Related Party Disclosures' have been identified based on the information available with the Company. All above transaction are in the ordinary course of business and on arms' length basis. 3. Transactions and balance with the subsidiary Bhadra Castalloy Private Ltd., have been eliminated on consolidation. 4. Material Related Party Transactions with DISA Industries A/S, Denmark was also approved by the shareholders in the Annual General Meeting of the Company held on August 14, 2025 5. DISA Industries Inc, Wheelabrator Group USA and Simpson Technologies US merged as Norican Group North America INC wef August 01, 2025 6. Italpresse Industrie SpA separated from Norican Group wef June 02, 2025. Transaction till June 2, 2025 have been considered in above list 7. DISA Technologies Private Limited name changed to Norican Competency Centre India Private Limited with effect from September 15, 2025 8. Related Party transactions with Wheelabrator Group GMBH, Norican Group North America Inc, Wheelabrator Group Ltd, Norican Czech s.r.o, Norican A/S have been ratified due to change in business projections for the FY 2025-26 and also approved at the Audit Committee and Board meetings held on the respective dates.	0.50	0.04	0.14	0.02

The 25 largest of 37 dealings in the half-year to Mar 2026, ₹ crore.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

Tax disputeSumangala Steel Private LimitedSince 4 Jan 2023
DISA India Limited filed writ petition in High Court on December 9, 2024. DISA India Limited received stay order on February 6, 2025 and directed to pay Rs. 99 lakhs to Sumangala Steel Private Limited and informed Sumangala Steel Private Limted to return the equipment. DISA India Limited received the equipment. Also High Court advised in stay order to pay Rs. 1.7 Crores to High Court as a deposit and the same amount has been deposited with High Court on March 19, 2025. Further hearing is awaited.MoreLess
At the filing before: DISA India Limited filed an appeal against the Arbitration Award dated October 12, 2023 in Commercial Court, Bengaluru and it has been rejected by the Additional City Civil and Sessions Judge by the Order received on November 28, 2024. DISA India Limited is in the process of filing writ petition against the aforesaid Order in High Court, Bengaluru.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

None open at any quarter's end.

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: 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.