Godavari Biorefineries MD, chairman, board of directors and AGM
NSE: GODAVARIBBSE: 544279Diversified FMCGSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹222.42.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹1,052 Cr1,282nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 5 Aug 2026
- 4,670.8
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹31 crore of one-off items, the largest of them in the quarter to Sep 2025.
- 33.6
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 22 May 2026
- 1.3
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 5 Aug 2026
- 0.0%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹31 crore of one-off items, the largest of them in the quarter to Sep 2025.
- 4.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 5 Aug 2026
- 5.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 22 May 2026
- 0.67
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 3,31,57735.0% delivered
Godavari Biorefineries 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 directorSamir Shantilal SomaiyaRelated to the promoter
- Company Secretary and Compliance OfficerManoj Jain
11 directors6 independent4 executive1 non-executive
- Samir Shantilal Somaiya · Chairperson and managing directorExecutive · joined Jun 2007 · reappointed Apr 2024 · 1 listed board · 1 committee seat
- Sangeeta Arunkumar SrivastavaExecutive · joined Aug 2020 · reappointed Aug 2023 · 1 listed board
- Bhalachandra Raghavendra BakshiExecutive · joined Jun 2018 · reappointed Apr 2024 · 1 listed board · 1 committee seat
- Suhas Uttam GodageExecutive · joined Sep 2021 · reappointed Apr 2024 · 1 listed board
- Lakshmi Kantam MannepalliIndependent · joined Nov 2017 · reappointed Sep 2023 · 33 months as independent · 3 listed boards · 3 as independent · 3 committee seats
- Hemant LuthraIndependent · joined Oct 2020 · reappointed Oct 2025 · 8 months as independent · 1 listed board · 1 as independent
- Kumar DesaiIndependent · joined Sep 2024 · reappointed Sep 2024 · 21 months as independent · 1 listed board · 1 as independent
- Nitin MehtaIndependent · joined Jul 2021 · reappointed Jul 2021 · 60 months as independent · 1 listed board · 1 as independent
- Raman RamachandranNon-executive · joined Nov 2023 · reappointed Nov 2023 · 1 listed board · 1 committee seat
- Sean E ReaganIndependent · joined Sep 2025 · reappointed Sep 2025 · 9 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Nandan MehtaIndependent · joined Sep 2025 · reappointed Sep 2025 · 9 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.
1 director who left
- Sanjay Puri, left 29 Oct 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 22 May 202611 of 11 present6 independent · 97 days in between
- 13 Feb 202611 of 11 present6 independent
Audit Committee
Chair Hemant Luthra
Lakshmi Kantam Mannepalli, Sean E Reagan, Samir Shantilal Somaiya
- 22 May 20264 of 4 present3 independent · 97 days in between
- 13 Feb 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Lakshmi Kantam Mannepalli
Hemant Luthra, Nandan Mehta
- 22 May 20263 of 3 present3 independent · 288 days in between
- 6 Aug 20253 of 3 present3 independent
Stakeholders Relationship Committee
Chair Hemant Luthra
Lakshmi Kantam Mannepalli, Nandan Mehta, Raman Ramachandran, Bhalachandra Raghavendra Bakshi
- 13 Feb 20265 of 5 present3 independent
Risk Management Committee
Chair Raman Ramachandran
Hemant Luthra, Lakshmi Kantam Mannepalli, Suhas Uttam Godage, Bhalachandra Raghavendra Bakshi, Sangeeta Arunkumar Srivastava, Sean E Reagan, Nitin Mehta, Samir Shantilal Somaiya
- 13 Feb 20269 of 9 present4 independent · 189 days in between
- 7 Aug 20258 of 9 present4 independent
Corporate Social Responsibility Committee
Chair Lakshmi Kantam Mannepalli
Hemant Luthra, Bhalachandra Raghavendra Bakshi, Suhas Uttam Godage
- 21 May 20264 of 4 present2 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.
- VERMA MEHTA & ASSOCIATESPeer-review certificate valid to Aug 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.
Godavari Biorefineries 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.Godavari Biorefineries share news and announcements
Annual general meeting, 28 Sep 2026
90,578 shareholders on the register on 21 Sep 2026; present: 16 promoters and 75 others; votes counted by Tushar Shridharani / Tushar Shridharani and Associates LLP.The company's voting result (opens in a new tab)
To consider and adopt: (a) the audited financial statement of the Company for the financial year ended March 31, 2026, and the reports of the Board of Directors and auditors thereon; and (b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2026, and the report of auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 74.21% · promoters 100.00% · institutions 97.83% · other public 3.52%
- To appoint a director in place of Dr. Raman Ramchandran (DIN: 00200297), who retires by rotation and, being eligible, offers himself for reappointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.10%
Turnout: all 74.21% · promoters 100.00% · institutions 97.83% · other public 3.52%
- To appoint a director in place of Mr. Suhas Godage (DIN: 09227610), who retires by rotation and, being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 74.21% · promoters 100.00% · institutions 97.83% · other public 3.52%
- To approve terms of re-appointment and remuneration of Mr. Samir S. Somaiya as Managing Director of the Company w.e.f. 1st April 2027.SpecialPromoters have an interest in it92.94% for7.06% against
Against: promoters 0.00% · institutions 52.52% · other public 0.11%
Turnout: all 74.21% · promoters 100.00% · institutions 97.83% · other public 3.52%
- To approve the terms of re-appointment and remuneration of Mr. Suhas Godage, whole-time director designated as the Executive Director (Works-Sakarwadi) of the Company w.e.f. 1st April 2027.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.26%
Turnout: all 74.21% · promoters 100.00% · institutions 97.83% · other public 3.52%
- To appoint Mr. Dinesh Sharma (DIN 11675064) as a Director of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 74.21% · promoters 100.00% · institutions 97.83% · other public 3.52%
To approve the terms of appointment and remuneration of Mr. Dinesh Sharma (DIN 11675064), as a whole-time director designated as Executive Director (Works-Sameerwadi) of the Company for a period of three years.MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 74.21% · promoters 100.00% · institutions 97.83% · other public 3.52%
- To ratify remuneration payable to the Cost Auditor of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.07%
Turnout: all 74.21% · promoters 100.00% · institutions 97.83% · other public 3.52%
- To contribute to Charitable and other funds.Ordinary93.48% for6.52% against
Against: promoters 0.00% · institutions 48.50% · other public 0.26%
Turnout: all 74.21% · promoters 100.00% · institutions 97.83% · other public 3.52%
- To approve Acceptance of Deposits.Special93.48% for6.52% against
Against: promoters 0.00% · institutions 48.50% · other public 0.07%
Turnout: all 74.21% · promoters 100.00% · institutions 97.83% · other public 3.52%
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, 28 Jun 2026, 2 resolutions
89,597 shareholders on the register on 15 May 2026; votes counted by Tushar Shridharani / Tushar Shridharani & Associates LLP.The company's voting result (opens in a new tab)
- Re-appointment of Mr Nitin Mehta (DIN: 09174633) as an Independent Director.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.49%
Turnout: all 74.17% · promoters 100.00% · institutions 94.44% · other public 4.17%
- Re-appointment of Dr. Sangeeta Srivastava (DIN 00480462) as a Whole Time Director, designated as an Executive Director.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.46%
Turnout: all 74.17% · promoters 100.00% · institutions 94.44% · other public 4.17%
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, 30 Sep 2025, 10 resolutions
94,407 shareholders on the register on 23 Sep 2025; present: 3,24,00,126 promoters and 1,87,75,941 others; votes counted by Tushar Shridharani / Tushar Shridharani and Associates LLP.The company's voting result (opens in a new tab)
Consider and adoption of audited financial stetements including consolidated financial statements of the Company for the financial year ended 31st march, 2025 and report of board of Directors and auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 57.87% · promoters 72.67% · institutions 86.41% · other public 3.97%
- Appointment of Mr. Suhas Godage a director retire by rotationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 57.87% · promoters 72.67% · institutions 86.41% · other public 3.97%
- Appointment of Mr. Bhalchandra Bakshi a director retire by rotationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 57.87% · promoters 72.67% · institutions 86.41% · other public 3.97%
- Appointment of Mr. Nandan Dhanajay Mehta as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.13%
Turnout: all 57.87% · promoters 72.67% · institutions 86.41% · other public 3.97%
- Appointment of Mr. Sean E Reagan as an independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.13%
Turnout: all 57.87% · promoters 72.67% · institutions 86.41% · other public 3.97%
- Re-appointment of Mr. Hemant Luthra as an Independent Director of the Company for second tenure of three consecutive years w.e.f 30th October, 2025Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 57.87% · promoters 72.67% · institutions 86.41% · other public 3.97%
- Appointment of Secretarial AuditorsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.12%
Turnout: all 57.87% · promoters 72.67% · institutions 86.41% · other public 3.97%
- Ratification of remmuneration payable to cost auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 57.87% · promoters 72.67% · institutions 86.41% · other public 3.97%
- Contributaion to Charitable and other fundsOrdinary90.69% for9.31% against
Against: promoters 0.00% · institutions 64.19% · other public 0.15%
Turnout: all 75.17% · promoters 100.00% · institutions 86.41% · other public 3.97%
- Acceptance of Public DepositSpecial89.96% for10.04% against
Against: promoters 0.00% · institutions 53.31% · other public 0.13%
Turnout: all 57.87% · promoters 72.67% · institutions 86.41% · other public 3.97%
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 28 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)
To consider and adopt: (a) the audited financial statement of the Company for the financial year ended March 31, 2026, and the reports of the Board of Directors and auditors thereon; and (b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2026, and the report of auditors thereon.MoreLess
1 for0 against- To appoint a director in place of Dr. Raman Ramchandran (DIN: 00200297), who retires by rotation and, being eligible, offers himself for reappointment.1 for0 against
- To appoint a director in place of Mr. Suhas Godage (DIN: 09227610), who retires by rotation and, being eligible, offers himself for re-appointment.1 for0 against
- To approve terms of re-appointment and remuneration of Mr. Samir S. Somaiya as Managing Director of the Company w.e.f. 1st April 2027.
Against ICICI Prudential Mutual Fund
- ICICI Prudential Mutual FundSamir S. Somaiya, 58, is part of the promoter group and serves as Chairperson and Managing Director. He was first appointed to the board on 22 July 2007. He received a remuneration of Rs. 39.5 mn for FY26 – which is high at 12.1% of standalone PBT. His estimated proposed remuneration is Rs. 49.8 mn for FY28. His proposed remuneration structure includes commission of up to 2% of net profits, which has no absolute cap. The AMC notes that proposed perquisites include medical reimbursement for self and family, which is different from the terms extended to other professionals. The AMC believes such expenses are personal in nature and must be borne by the directors themselves. The AMC also raises a concern that aggregate FY26 executive remuneration is high at Rs. 64.5 mn- which is 19.7% of standalone PBT for FY26. Further, the company has not disclosed performance metrics linked to variable pay. While the AMC supports his reappointment as Managing Director, given the concerns on his remuneration structure, the AMC has voted against the resolution.
0 for1 against - To approve the terms of re-appointment and remuneration of Mr. Suhas Godage, whole-time director designated as the Executive Director (Works-Sakarwadi) of the Company w.e.f. 1st April 2027.1 for0 against
- To appoint Mr. Dinesh Sharma (DIN 11675064) as a Director of the Company.1 for0 against
To approve the terms of appointment and remuneration of Mr. Dinesh Sharma (DIN 11675064), as a whole-time director designated as Executive Director (Works-Sameerwadi) of the Company for a period of three years.MoreLess
1 for0 against- To ratify remuneration payable to the Cost Auditor of the Company.1 for0 against
- To contribute to Charitable and other funds.1 for0 against
- To approve Acceptance of Deposits.1 for0 against
Mutual fund votes, meeting of 28 Jun 2026, 3 fund houses
- Re-appointment of Mr Nitin Mehta (DIN: 09174633) as an Independent Director.3 for0 against
- Re-appointment of Dr. Sangeeta Srivastava (DIN 00480462) as a Whole Time Director, designated as an Executive Director.3 for0 against
1 earlier meeting
Mutual fund votes, meeting of 30 Sep 2025, 6 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
Consider and adoption of audited financial stetements including consolidated financial statements of the Company for the financial year ended 31st march, 2025 and report of board of Directors and auditors thereonMoreLess
5 for0 against- Appointment of Mr. Suhas Godage a director retire by rotation6 for0 against
- Appointment of Mr. Bhalchandra Bakshi a director retire by rotation1 for0 against
- Appointment of Mr. Nandan Dhanajay Mehta as an Independent Director of the Company6 for0 against
- Appointment of Mr. Sean E Reagan as an independent Director of the Company6 for0 against
- Re-appointment of Mr. Hemant Luthra as an Independent Director of the Company for second tenure of three consecutive years w.e.f 30th October, 20256 for0 against
- Appointment of Secretarial Auditors6 for0 against
- Ratification of remmuneration payable to cost auditors of the Company1 for0 against
- Contributaion to Charitable and other funds
Against Bandhan Mutual Fund, Bank of India Mutual Fund, Edelweiss Mutual Fund, Franklin Templeton Mutual Fund, HDFC Mutual Fund
- Bandhan Mutual Fund, Edelweiss Mutual FundCompliant with law. Governance & Transparency Concern: Inadequate disclosure regarding the organization(s) to which the Company intends to donate. Perpetual Approval without specifying the tenure or duration of proposal.
- Bank of India Mutual FundThe company proposes to contribute an amount exceeding 5% of net profit, subject to a maximum of Rs. 22.5 mn in any financial year. For FY25, the average net profits of the company for the three immediately preceding financial years is Rs. 208.2 mn: 5% of net profit is Rs. 10.4 mn. Thus, proposed contribution is Rs. 22.5 mn is high. There are no details regarding the beneficiaries of the contributions. The company donated Rs. 17.5 mn over and above the CSR spends of Rs. 4.7 mn in FY25. We believe the companies should make charitable contributions within the 2% limit prescribed under regulations. Alternatively, the company should consider paying this as dividend and let its shareholders make charitable donations if they desire. We note that due to the loss incurred during FY25, the company did not pay any dividend to the shareholders. Further, the resolution seeks shareholder approval in perpetuity – a practice we do not support. Therefore, we do not support the resolution.
- Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted given the lack of further information on the proposed donation.
- HDFC Mutual FundWe believe the companies should make charitable contributions within the 2% limit prescribed under regulations. We note that due to the loss incurred during FY25, the company did not pay any dividend to the shareholders. Further, the resolution seeks shareholder approval in perpetuity – a practice we do not support. Therefore, we do not support the resolution.
1 for5 against - Acceptance of Public Deposit
Against Bank of India Mutual Fund, Franklin Templeton Mutual Fund, HDFC Mutual Fund
- Bank of India Mutual FundThe company’s fixed deposits program has been rated CARE BBB+/Stable, indicating a moderate degree of safety regarding timely servicing of financial obligations. The company should approach shareholders for approval with greater clarity on the terms and rates of the proposed fixed deposits scheme. In the absence of information regarding the interest rates offered based on the tenure of the deposit and size of the fixed deposit programme, we are unable to support the resolution.
- Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted due to lack of compelling justification for the proposal.
- HDFC Mutual FundIn the absence of information regarding the interest rates offered based on the tenure of the deposit and size of the fixed deposit programme, we are unable to support the resolution.
3 for3 against
3 proposals not matched to one resolution
- Accept Financial Statements and Statutory Reports1 for0 against
Ratification of remuneration of Rs. 5,75,000 per annum, plus tax, as applicable and reimbursement of out-of-pocket expenses payable to M/s. B.J.D. Nanabhoy and Company, the Cost Accountants (Firm Registration No. 000011) appointed by the Board of Directors as Cost Auditors of the Company, on the recommendation of Audit Committee, to conduct the audit of the cost records maintained by of the Company for the Financial Year ending 31st March, 2026.MoreLess
5 for0 against- To appoint a director in place of Mr. Bhalachandra Bakshi (DIN: 03538688) who retires by rotation, and being eligible, offers himself for re-appointment.5 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Tax disputes
Reported in the filing for the quarter to Jun 2026.
- Tax disputeCommissioner Appeals Customs, Central Excise & Service Tax, NashikSince 25 Apr 2017Personal hearing done on 29.10.2018. Still date we have not received order from the Depatment.
- Tax disputeDy Commissioner of Customs NashikSince 24 Jun 2021matter pending with CESTAT, Mumbai
- Tax disputeCommissioner of C.Excise( CCE ), BelgaumSince 30 Nov 2012The Case is pending for hearing before the Commissioner, C.Ex., Belagavi No date defined, the case is in call book
- Tax disputeCommissioner of State Excise, BangaloreSince 2 Aug 2018No reply yet from Dept for recovery
- Tax disputeCommissioner of C.Excise( CCE) ,BelgaumSince 19 May 2017Department has filed the appeal in High Court, no date of hearing decided
- Tax disputeDeputy Commissoiner (Appeals) State GST, AhmedabadSince 27 Dec 2022Attended Personal Hearing at Rajkot on 21.04.2026, awaiting order
- Tax disputeAdditonal Commissioner CGST BelagaviSince 4 Jan 2025The Company File Writ Petition on 10.03.25 for a stay order and Intermim order received.on 20.03.25.The listing is yet to be done.
- Tax disputeAssistant Commissioner Central Tax (Central GST) , Bijapur DivisionSince 18 Jan 2025Demand Notice received dtd 18.01.25 2. Appeal filled on 25.03.25 to AC Appeal CGST Belgavi paid 10 % deposit Rs. 736363 thru GST Tax Ledger. No further hearing is called for
9 more
- Tax disputeThe Status office, The Bilad office Squad 8, VapiSince 13 May 2026Payment made under Protest of Rs. 1.39 Lacs and Appeal filed
- Tax disputeThe Deputy Commissioner of Income Tax 2(1)2, Mumbai & Others (Appeal pending before High Court of Bombay)Since 22 Dec 2018The company has filed Appeal before Bombay High Court on 22/12/2018. Currently the case is at Pre-Admission stage
- Tax disputeAssessing officer, Income Tax India (Rectification pending before AO)Since 4 Jun 2024At the filing before: The Order giving effect to CIT(A) dated 11.02.2026 has been received with refund due to us of Rs. 6,18,345/-
- Tax disputeThe Assistant Commissioner of Income Tax, International Tax Circle– 2 (3) (2), Mumbai,(Appeal pending before CIT(A) )Since 16 Aug 2021The company has filed appeal before CIT (A). Also written submission filed on 08.08.2022 and 29.11.2022. Have seek personal hearing.
- Tax disputeAssessing officer, Income Tax India (Appeal pending before CIT(A) )Since 28 May 2021
The company has filed appeal before CIT(A) on 28/05/2021 . The company has filed last submission on 24.07.2025 and awaiting for Order. Penalty Reply submitted on 14.02.2022 to keep the penalty proceedings in abeyance till disposal of CIT (A).MoreLess
- Tax disputeAssessing officer, Income Tax India (Appeal pending before CIT(A) )Since 29 Mar 2022The company has filed an Appeal before CIT (A).Submission made on 14.08.2023 to CIT(A) and awaiting for order.
- Tax disputeThe Assessment Unit, Income Tax Department (Appeal pending before CIT(A) )Since 24 Jan 2023
For Financial Year 2020-21 (AY 2021-22), the Order from CIT(A) under section 250 of Income Tax Act, 1961 dated 14.05.2026 has been received, with relief of 13,218.75 Lakh on account of the suppression of the yield of sugar production. The demand of Rs. 57.30 crores will be deleted, and the company will get the benefit of carried forward of unabsorbed depreciation losses of Rs. Rs. 13,218.75 Lakh. For Order giving effect to CIT(A), we have filed letter on 22/05/2026MoreLess
At the filing before: Further communication received from CIT(A) on 05.03.2026 that The demand report for the A.Y. 2021-22 received from jurisdictional Assessing Office and stating “The submissions made by the assessee now as additional evidences are admissible and the same may be admitted”. In response to the same we have submitted our reply on 12/03/2026MoreLess
- Tax disputeThe Assessment Unit, Income Tax Department(Appeal pending before CIT(A) )Since 16 Apr 2025The Company has filed Rejoinder to rejection of stay application and request for protection from coercive recovery on 06.02.2026 to the Assessing Officer and Chief Commissioner of Income Tax
- Tax disputeCentralized Processing Center, Income Tax Department, BengaluruSince 23 Apr 2025The Company has filed Rejoinder to rejection of stay application and request for protection from coercive recovery on 06.02.2026 to the Assessing Officer and Chief Commissioner of Income Tax
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
- 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
- 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.
How money raised was used
Reported for the quarter to Dec 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere | Spent elsewhere, amount |
|---|---|---|---|---|---|---|
| Public IssuesOct 2024, checked by CARE RATING LIMITED | 325.00 | Repayment of Loan | 240.00 | 240.00 | No | |
| Public IssuesOct 2024, checked by CARE RATING LIMITED | 325.00 | General Corporat Purpose | 66.98 | 66.98 | No | 3.37 |
| Public IssuesOct 2024, checked by CARE RATING LIMITED | 325.00 | Issue Expenditure | 18.02 | 18.02 | No | 3.37 |