HCL Infosystems logo

HCL Infosystems MD, chairman, board of directors and AGM

NSE: HCL-INSYSBSE: 500179IT - HardwareSmall Cap

Formerly HCL Hewlett Packard
Last close ₹9.19down ₹0.48 (4.96%)BSE ₹9.22

Share price at the NSE close on 23 Oct 2026. Previous close ₹9.67.

52-week range of traded prices to 23 Oct 2026
₹9.01Low, 30 Mar 2026₹16.50High, 6 Nov 2025
Market cap
₹303 Cr1,957th largest listed
P/E
Lossover the last 12 months
P/B
Net worth zero or below
Dividend yield
Nonein the last 12 months
ROE
Net worth zero or below
ROCE
−173.4%
Debt to equity
Net worth zero or below
Volume, NSE
3,19,96373.9% delivered

HCL Infosystems 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

  • ChairpersonNIKHIL SINHA
  • Company Secretary and Compliance OfficerTwinkle Monga

6 directors3 independent3 non-executive

  • NIKHIL SINHA · ChairpersonIndependent · joined Apr 2019 · reappointed Apr 2024 · 87 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • NEELESH AGARWALNon-executive · joined Apr 2022 · reappointed Sep 2025 · 0 months as independent · 1 listed board · 1 committee seat
  • PAWAN KUMAR DANWARNon-executive · joined Mar 2014 · reappointed Sep 2024 · 0 months as independent · 1 listed board · 2 committee seats
  • KIRTI KUMAR DAWARIndependent · joined Aug 2023 · 34 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • RAGHU VENKAT CHIVUKULAIndependent · joined Aug 2023 · 34 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • RITA GUPTANon-executive · joined Feb 2025 · reappointed Mar 2025 · 0 months as independent · 3 listed boards · 2 committee seats

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
  • Ritu Arora, left 5 Apr 2025: Tenure Completion

Committees and meetings

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

  • Board

    • 20 May 20266 of 6 present3 independent · 95 days in between
    • 13 Feb 20265 of 6 present3 independent

  • Audit Committee

    Chair NIKHIL SINHA

    RAGHU VENKAT CHIVUKULA, KIRTI KUMAR DAWAR, PAWAN KUMAR DANWAR

    • 20 May 20264 of 4 present3 independent · 95 days in between
    • 13 Feb 20263 of 4 present3 independent

  • Nomination and remuneration committee

    Chair RAGHU VENKAT CHIVUKULA

    NIKHIL SINHA, PAWAN KUMAR DANWAR

    • 20 May 20263 of 3 present2 independent · 6 days in between
    • 13 May 20263 of 3 present2 independent · 88 days in between
    • 13 Feb 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair KIRTI KUMAR DAWAR

    PAWAN KUMAR DANWAR, NEELESH AGARWAL

    • 13 Feb 20262 of 3 present1 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.

  • M/s B S R & Associates LLPPeer-review certificate valid to Jul 2028
1 earlier auditor
  • B S R & AssociatesNamed in the filing for the quarter to Mar 2025

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.

HCL Infosystems 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.HCL Infosystems dividend history

Annual general meeting, 16 Sep 2026

1,92,270 shareholders on the register on 9 Sep 2026; present: 2 promoters and 136 others; votes counted by CS Vineet K Chaudhary / M/s. VKC & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements along with the Reports of the Board of Directors and of the Statutory Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.85%

    Turnout: all 62.96% · promoters 100.00% · institutions 0.00% · other public 0.19%

  2. Re-appointment of Mr. Pawan Kumar Danwar (DIN: 06847503), as a Non-Executive, Non-Independent Director liable to retires by rotation
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.61%

    Turnout: all 62.96% · promoters 100.00% · institutions 0.00% · other public 0.19%

  3. Approval of payment of Remuneration to Mr. Gaurav Bhalla, Manager of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.44%

    Turnout: all 62.96% · promoters 100.00% · institutions 0.00% · other public 0.19%

  4. Entering Material Related Party Transaction with HCL Capital Private Limited, Promoter Group Company
    OrdinaryPromoters have an interest in it
    86.75% for13.25% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.25%

    Turnout: all 0.07% · promoters 0.00% · institutions 0.00% · other public 0.19%

  5. Entering Material Related Party Transaction with HCL Corporation Private Limited, Promoter Company
    OrdinaryPromoters have an interest in it
    97.44% for2.56% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.56%

    Turnout: all 0.07% · promoters 0.00% · institutions 0.00% · other public 0.19%

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 Apr 2026, 1 resolution

1,94,792 shareholders on the register on 9 Mar 2026; votes counted by CS Vineet K Chaudhary / M/s. VKC & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Gaurav Bhalla as a Manager and Key Managerial Personnel of of the Company for a period of five years with effect from 01st May 2026
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.92%

    Turnout: all 62.97% · promoters 100.00% · institutions 0.00% · other public 0.21%

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

1,94,792 shareholders on the register on 9 Mar 2026; votes counted by CS Vineet K Chaudhary / M/s. VKC & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Gaurav Bhalla as a Manager and Key Managerial Personnel of of the Company for a period of five years with effect from 01st May 2026
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.92%

    Turnout: all 62.97% · promoters 100.00% · institutions 0.00% · other public 0.21%

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, 17 Sep 2025, 5 resolutions

1,95,813 shareholders on the register on 10 Sep 2025; present: 2 promoters and 95 others; votes counted by CS Vineet K Chaudhary / M/s. VKC & Associates.The company's voting result (opens in a new tab)

  1. Consideration and adoption of the audited standalone and consolidated financial statements of the Company for the financial year ended 31st March 2025, including the audited Balance Sheet as of 31st March 2025, the Statement of Profit and Loss for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.70%

    Turnout: all 63.18% · promoters 100.00% · institutions 0.00% · other public 0.80%

  2. Re-appointment of the Director Mr. Neelesh Agarwal (DIN 00149856), who retires by rotation.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.83%

    Turnout: all 63.18% · promoters 100.00% · institutions 0.00% · other public 0.80%

  3. Approval for the remuneration to be paid to Mr. Raj Kumar Sachdeva, Manager of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.88%

    Turnout: all 63.18% · promoters 100.00% · institutions 0.00% · other public 0.80%

  4. Appointment of M/s VKC & Associates, Company Secretaries, as the Secretarial Auditors of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.78%

    Turnout: all 63.18% · promoters 100.00% · institutions 0.00% · other public 0.80%

  5. Material Related Party Transaction of the Company with HCL Capital Private Limited as per the provisions of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
    OrdinaryPromoters have an interest in it
    99.17% for0.83% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.83%

    Turnout: all 0.30% · promoters 0.00% · institutions 0.00% · other public 0.80%

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, 22 Mar 2025, 1 resolution

1,97,712 shareholders on the register on 14 Feb 2025; votes counted by Vineet K Chaudhary / VKC & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Ms. Rita Gupta (DIN:00899240) as Non-Independent and Non-Executive Director of the Company liable to retire by rotation.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 20.53%

    Turnout: all 62.97% · promoters 100.00% · institutions 0.00% · other public 0.21%

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, 18 Sep 2024, 4 resolutions

Present: 4 promoters and 104 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (both Standalone and Consolidated) of the Company for the financial year ended 31st March 2024, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.68%

    Turnout: all 62.95% · promoters 100.00% · institutions 0.00% · other public 0.18%

  2. To re-appoint Mr. Pawan Kumar Danwar (DIN 06847503), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.37%

    Turnout: all 62.95% · promoters 100.00% · institutions 0.00% · other public 0.18%

  3. Approval for the remuneration to be paid to Mr. Raj Kumar Sachdeva, Manager of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 11.56%

    Turnout: all 62.95% · promoters 100.00% · institutions 0.00% · other public 0.18%

  4. Approval to acquire shares of Subsidiary Company, Pimpri Chinchwad eServices Limited.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.56%

    Turnout: all 62.95% · promoters 100.00% · institutions 0.00% · other public 0.18%

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, 16 Mar 2024, 1 resolution

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

  1. To consider and approve re-appointment of Dr. Nikhil Sinha (DIN: 01174807) as a Non- Executive Independent Director of the Company (Special Resolution)
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.77%

    Turnout: all 63.05% · promoters 100.00% · institutions 0.00% · other public 0.44%

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, 20 Sep 2023, 5 resolutions

Present: 4 promoters and 126 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (both Standalone and Consolidated) of the Company for the financial year ended 31st March 2023, including the audited Balance Sheet as of 31st March 2023, the Statement of Profit and Loss for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.04%

    Turnout: all 62.94% · promoters 100.00% · institutions 0.00% · other public 0.13%

  2. To re-appoint Mr. Neelesh Agarwal (DIN 00149856), who retires by rotation and being eligible, offers himself for reappointment
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 15.64%

    Turnout: all 62.94% · promoters 100.00% · institutions 0.00% · other public 0.13%

  3. Appointment of Mr. Kirti Kumar Dawar (DIN: 00392141) as an Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.90%

    Turnout: all 62.94% · promoters 100.00% · institutions 0.00% · other public 0.13%

  4. Appointment of Mr. Raghu Venkat Chivukula (DIN: 00520704) as an Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.06%

    Turnout: all 62.94% · promoters 100.00% · institutions 0.00% · other public 0.13%

  5. Approval for the remuneration to be paid to Mr. Raj Kumar Sachdeva, Manager of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 16.40%

    Turnout: all 62.94% · promoters 100.00% · institutions 0.00% · other public 0.13%

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 Jun 2026.

  • Tax disputeCommissioner of Income TaxSince 1 Mar 2001
    No change.
    At the filing before: Income Tax Appeal AY 1998-99. Compensation received from Hewlett Packard (HP) of Rs. 6,080 lakhs for termination of contract was assessed as Capital Gains with a demand of Rs 1,490.03 lakhs. The Commissioner of Income Tax (Appeals) upheld the assessment order. However the Income Tax Appellete Tribunal and the Delhi High Court held the same as capital receipt not liable to tax. Income Tax department has filed SLP in Supreme Court which is pending for admission. Financial implication Rs. 1,490.03 lakhs.MoreLess
  • Tax disputeDeputy Commissioner of Income TaxSince 2 Jun 2015
    No change.
    At the filing before: Income Tax Appeal AY 2011-12. The Assessing Officer disallowed business expense of Rs 610.81 lakhs with a tax demand payable of Rs 300.28 lakhs. Appeal filed before Commissioner of Income Tax (Appeals) is pending for hearing. Financial implication Rs. 300.28 lakhs.MoreLess
  • Tax disputeAssistant Commissioner of Income TaxSince 27 Jan 2020
    The said appeal has been disposed-off by CIT(A) vide order dated 23.06.2026, confirming the major additions/ disallowances made by the AO. We are in the proces of filing appeal before ITAT against the order of CIT(A). The last date to file the appeal before ITAT is 31.08.2026.MoreLess
    At the filing before: Income Tax Appeal AY 2017-18. The Assessing Officer disallowed business expense of Rs 6,443.34 lakhs with a tax demand payable of Rs 697.36 lakhs. Appeal filed before Commissioner of Income Tax (Appeals) is pending for hearing. Financial implication Rs. 697.36 lakhs.MoreLess
  • Tax disputeAssessment Unit, Income Tax DepartmentSince 24 Jan 2023
    No change.
    At the filing before: Income Tax Appeal AY 2021-22. The Assessing Officer disallowed Rs 13,284.52 lakhs with a tax demand payable of Rs 253.28 lakhs. Appeal filed before Commissioner of Income Tax (Appeals) is pending for hearing. Financial implication Rs. 253.28 lakhs.MoreLess
  • Tax disputeAssessment Unit, Income Tax DepartmentSince 24 Apr 2024
    No change.
    At the filing before: Income Tax Appeal AY 2022-23. The Assessing Officer disallowed business expense of Rs 246.88 lakhs with a tax demand payable of Rs 107.48 lakhs. Appeal filed before Commissioner of Income Tax (Appeals) is pending for hearing. Financial implication Rs. 107.48 lakhs.MoreLess
  • Tax disputeDeputy Commissioner, Commercial Tax, NoidaSince 7 Apr 2006
    The Company has filed an appeal before Tribunal, Commercial Tax, Noida, against a demand of Rs. 48.37 lakhs for FY 2002–03. The demand pertains on account of pending statutory forms on inter-state sales at concessional tax rates and levy of tax on Internet services provided. The case is currently pending with Tribunal, Commerical Taxes, Noida.MoreLess
  • Tax disputeCommissioner of Central Excise & Service Tax, NoidaSince 30 Mar 2007
    The Commissioner of Central Excise & Service Tax, Noida has filed an appeal before Hon'ble Allahabad High Court, Prayagraj against the final order passed by the Hon’ble CESTAT, Allahabad. The demand amounting to Rs.173.92 lakhs and penalty for Rs. 150 lakhs for FY 1980-84 (4 years) relates to alleged diversion of hardware costs towards TSC. The case is currently pending with Hon'ble Allahabad High Court, Prayagraj.MoreLess
  • Tax disputeDeputy Commissioner, Sales Tax Check Post, Lakhanpur, JammuSince 24 Dec 2007
    The Company has filed an appeal before the Sales Tax Appellate Tribunal, Jammu, against a demand of Rs. 48.02 lakhs raised by the Check Post Authority for FY 2007–08. The demand pertains to inter-state sale of goods being treated as local sales under works contract provisions. The case is currently pending with Sales Tax Appellate Tribunal, Jammu.MoreLess
41 more
  • Tax disputeDeputy Commissioner, Sales Tax Check Post, Lakhanpur, JammuSince 24 Dec 2007
    The Company has filed an appeal before the Sales Tax Appellate Tribunal, Jammu, against a demand of Rs. 94.17 lakhs raised by the Check Post Authority for FY 2007–08. The demand pertains to inter-state sale of goods being treated as local sales under works contract provisions. The case is currently pending with Sales Tax Appellate Tribunal, Jammu.MoreLess
  • Tax disputeDeputy Commissioner of State Tax, MumbaiSince 12 Apr 2013
    The Company has filed an appeal before the Joint Commissioner (Appeals), Sales Tax, Mumbai, Maharashtra, against a demand of Rs. 44.53 lakhs for FY 2005–06. The demand pertains on account of pending statutory forms on inter-state sales at concessional tax rates. The case is currently pending with Joint Commissioner (Appeals), Sales Tax, Mumbai, Maharashtra.MoreLess
  • Tax disputeCommercial Tax Officer, Anti Evasion, JaipurSince 17 May 2013
    The Commercial Tax Officer, Anti Evasion, Jaipur has filed a Sales Tax Revision Petition before the Hon’ble Rajasthan High Court, Jaipur, against a demand of Rs. 302.58 lakhs for FY 2011–13 (2 years), arising from classification of mobile batteries sold seperately under a higher rate of tax. The case is currently pending with Hon’ble Rajasthan High Court, Jaipur.MoreLess
  • Tax disputeVATO (VAT Officer), DelhiSince 8 Dec 2013
    The Company has filed an appeal before the Spl. Commissioner, Deptt. of Trade & Taxes, Delhi, against a demand of Rs. 201.21 lakhs for FY 2009–10, arising on account of pending statutory forms on inter-state sales at concessional tax rates. The case is currently pending with Spl. Commissioner, Deptt. of Trade & Taxes, Delhi.MoreLess
  • Tax disputeAssistant Commissioner, DVAT, DelhiSince 30 Mar 2014
    The Company has filed an appeal before the Spl. Commissioner, Deptt. of Trade & Taxes, Delhi, against a demand of Rs. 268.38 lakhs for FY 2010–11, related to pending statutory forms on inter-state sales at concessional tax rates. The case is currently pending with Spl. Commissioner, Deptt. of Trade & Taxes, Delhi.MoreLess
  • Tax disputeJoint Commissioner, Commercial Taxes, ChennaiSince 31 Jul 2014
    The Joint Commissioner, Commercial Taxes (CT), Chennai has filed an appeal before the Sales Tax Appellate Tribunal, Chennai against the favorable order of Appellate Deputy Commissioner (CT) wherein demand of Rs. 65.73 lakhs for the FY 2008-09 has been set-aside. The demand relates to classification of Multi Functional Devices (MFDs) at a higher tax rate. The case is currently pending with Hon'ble Sales Tax Appellate Tribunal, Chennai.MoreLess
  • Tax disputeVATO (VAT Officer), DelhiSince 21 Aug 2014
    The Company has filed an appeal before the Spl. Commissioner, Deptt. of Trade & Taxes, Delhi, against a demand of Rs. 162.13 lakhs for FY 2010–11, arising on account of classification of multifunctional devices under a higher rate of tax. The case is currently pending with Spl. Commissioner, Deptt. of Trade & Taxes, Delhi.MoreLess
  • Tax disputeVATO (VAT Officer) (Special Zone), DelhiSince 23 Jan 2015
    The Company has filed an appeal before the Spl. Commissioner, Deptt. of Trade & Taxes, Delhi, against a demand of Rs. 165.38 lakhs for FY 2011–12, related to classification of multifunctional devices under a higher tax rate. The case is currently pending with Spl. Commissioner, Deptt. of Trade & Taxes, Delhi.MoreLess
  • Tax disputeDeputy Commissioner, Commercial Tax, DehradunSince 28 Feb 2015
    The Company has filed a rectification application before the Deputy Commissioner, Commercial Tax, Dehradun, Uttarakhand, against a demand of Rs. 175.57 lakhs for FY 2010–11. The demand pertains on account of pending statutory forms on inter-state sales at concessional tax rates. The case is currently pending with Deputy Commissioner, Commercial Tax, Dehradun, Uttarakhand.MoreLess
  • Tax disputeAssistant Commissioner of Commercial Taxes, BangaloreSince 29 May 2015
    The Company has filed a rectification application before the Deputy Commissioner, Commercial Tax, Bangalore, Karnataka, against a demand of Rs. 71.20 lakhs for FY 2008–09, in connection with pending statutory forms on inter-state sales at concessional tax rates. The case is currently pending with Deputy Commissioner, Commercial Tax, Bangalore, Karnataka.MoreLess
  • Tax disputeCommissioner of Customs (Imports), New DelhiSince 31 Jul 2015
    The Company has filed an appeal before CESTAT, Delhi, against a customs duty demand of Rs. 4,047 lakhs (Interest and penalty are applicable in addition to the tax demand) for the period 2006–2009. The demand relates to import of master CDs (OPK kits) used for pre-loading software during computer manufacturing. The case is currently pending with CESTAT, Delhi.MoreLess
  • Tax disputeAssistant Commissioner of Commercial Taxes, Anti Evasion, JaipurSince 22 Aug 2015
    The Company has filed a Sales Tax Revision Petition before the Hon’ble Rajasthan High Court, Jaipur, against a demand of Rs. 585.03 lakhs for FY 2011–12, arising from classification of mobile battery chargers under a higher rate of tax. The case is currently pending with Hon’ble Rajasthan High Court, Jaipur.MoreLess
  • Tax disputeAssistant Commissioner of Commercial Taxes, Anti Evasion, JaipurSince 22 Aug 2015
    The Company has filed a Sales Tax Revision Petition before the Hon’ble Rajasthan High Court, Jaipur, against a demand of Rs. 906.29 lakhs for FY 2012–13, relating to classification of mobile battery chargers at a higher rate of tax. The case is currently pending with Hon’ble Rajasthan High Court, Jaipur.MoreLess
  • Tax disputeAssistant Commissioner of Commercial Taxes, Anti Evasion, JaipurSince 22 Aug 2015
    The Assistant Commissioner of Commercial Taxes, Anti Evasion, Jaipur has filed a Sales Tax Revision Petition before the Hon’ble Rajasthan High Court, Jaipur, against a demand of Rs.15992.47 lakhs for FY 2009–13 (4 years), arising from classification of mobile battery and battery chargers sold in a composite pack under a higher rate of tax. The case is currently pending with Hon’ble Rajasthan High Court, Jaipur.MoreLess
  • Tax disputeJoint Commissioner, Commercial Taxes, ChennaiSince 11 Sep 2015
    The Joint Commissioner, Commercial Taxes (CT), Chennai has filed an appeal before the Sales Tax Appellate Tribunal, Chennai against the favorable order of Appellate Deputy Commissioner (CT) wherein demand of Rs. 44.75 lakhs for the FY 2011-12 has been set-aside. The demand relates to classification of Multi Functional Devices (MFDs) at a higher tax rate. The case is currently pending with Hon'ble Sales Tax Appellate Tribunal, Chennai.MoreLess
  • Tax disputeDeputy Commissioner of Sales Tax, MumbaiSince 9 May 2016
    The Company has filed an appeal before the Joint Commissioner (Appeals), Sales Tax, Mumbai, Maharashtra, against a demand of Rs. 106.32 lakhs for FY 2011–12, arising from classification of Bluetooth headsets at a higher rate of tax. The case is currently pending with Joint Commissioner (Appeals), Sales Tax, Mumbai, Maharashtra.MoreLess
  • Tax disputeDeputy Commissioner of Sales Tax, MumbaiSince 9 May 2016
    The Company has filed an appeal before the Joint Commissioner (Appeals), Sales Tax, Mumbai, Maharashtra, against a demand of Rs. 86.58 lakhs for FY 2012–13, related to classification of Bluetooth headsets at a higher rate of tax. The case is currently pending with Joint Commissioner (Appeals), Sales Tax, Mumbai, Maharashtra.MoreLess
  • Tax disputeAssistant Commissioner of Commercial Tax, Jaipur, RajasthanSince 23 Jun 2016
    The Company has filed an appeal before Appellate Authority II, Commercial Tax, Jaipur, against a demand of Rs. 62.01 lakhs for FY 2014–15, on account of Input Tax Credit mismatch. The case is currently pending with Assistant Commissioner of Commerical Tax, Special - Jaipur II, Jaipur, Rajasthan.MoreLess
  • Tax disputeVATO (VAT Officer), DelhiSince 25 May 2017
    The Company has filed an appeal before the Spl. Commissioner, Deptt. of Trade & Taxes, Delhi, against a demand of Rs. 136.19 lakhs for FY 2012–13, arising from pending statutory forms on inter-state sales at concessional tax rates. The case is currently pending with Spl. Commissioner, Deptt. of Trade & Taxes, Delhi.MoreLess
  • Tax disputeDeputy Commissioner of Sales Tax, MumbaiSince 22 Jun 2017
    The Company (DDMS Ltd., now merged with HCL Infosystems Ltd.) has filed an appeal before the Joint Commissioner (Appeals), Sales Tax, Mumbai, Maharashtra, against a demand of Rs. 445.26 lakhs for FY 2012–13, in respect of classification of Tablet PCs under a higher tax rate. The case is currently pending with Joint Commissioner (Appeals), Sales Tax, Mumbai, Maharashtra.MoreLess
  • Tax disputeSales Tax Officer, Bhubneshwar, OdishaSince 26 Sep 2017
    The Company has filed a Special Leave Petition (SLP) before the Hon’ble Supreme Court of India against a demand of Rs. 110.89 lakhs for FY 2012–17, pertaining to interest on Entry Tax paid as per Order of the Hon’ble Odisha High Court. The case is currently pending with Hon’ble Supreme Court of India. Commercial Tax Department has also filed an SLP against the order passed by Hon'ble Odisha High Court.MoreLess
    At the filing before: The Company has filed a Special Leave Petition before the Hon’ble Supreme Court of India against a demand of Rs. 110.89 lakhs for FY 2012–17, pertaining to interest on Entry Tax paid as per Order of the Hon’ble Odisha High Court. The case is currently pending with Hon’ble Supreme Court of India.MoreLess
  • Tax disputePrincipal Commissioner, CGST Commissionerate, Noida, U.P.Since 31 Oct 2017
    The Company has filed an appeal before CESTAT, Allahabad, against a service tax demand of Rs. 2,284.81 lakhs (Interest and penalty are applicable in addition to the tax demand), imposed on various exempted/non-taxable services pertaining to the period from July 2010 to June 2015. The case is currently pending with CESTAT, Allahabad.MoreLess
  • Tax disputePrincipal Commissioner, CGST Commissionerate, Noida, U.P.Since 2 Feb 2018
    The Company has filed an appeal before CESTAT, Allahabad, against a service tax demand of Rs. 31,234.10 lakhs (Interest and penalty are applicable in addition to the tax demand), arising on account of disallowance of CENVAT credit on certain common input services used for both taxable and exempted outputs during June 2010 to June 2015. CESTAT, Allahabad allowed the appeal and the demand made in the aforementioned order dated March 10th, 2021 has been set aside. The Company has filed a rectification application before the said authority to remove certain defects pertaining to deposits. CESTAT, Allahabad has allowed the aforesaid rectification application by removing the said defects via order dated 19.02.2026.MoreLess
  • Tax disputeExcise & Taxation Officer, Mohali, PunjabSince 22 Feb 2018
    The Company has filed a Writ Petition before the Hon'ble Punjab & Haryana High Court, Chandigarh, against a demand of Rs. 738.52 lakhs for FY 2010–11, in relation to classification of mobile battery chargers under a higher rate of tax. The case is currently pending with Hon'ble Punjab & Haryana High Court, Chandigarh.MoreLess
  • Tax disputeDeputy Commissioner of Sales Tax, BhubaneshwarSince 5 Jun 2018
    The Company has filed a writ petition before the Hon’ble Odisha High Court, Bhubaneswar, against a demand of Rs. 153.46 lakhs for FY 2014–15, on account of Input Tax Credit mismatch. The case is currently pending with Hon’ble Odisha High Court, Bhubaneswar.MoreLess
  • Tax disputePrincipal Commissioner, CGST Commissionerate, Noida, U.P.Since 19 Dec 2018
    The Company has filed a writ petition before the Hon’ble Allahabad High Court, Prayagraj, against a service tax demand of Rs. 442.71 lakhs (Interest and penalty are applicable in addition to the tax demand), related to tax levied on interest income from lease transactions for FY 2005–06. The case is currently pending with Hon’ble Allahabad High Court, Prayagraj.MoreLess
  • Tax disputePrincipal Commissioner, CGST Commissionerate, Noida, U.P.Since 19 Dec 2018
    The Company has filed a writ petition before the Hon’ble Allahabad High Court, Prayagraj, against a service tax demand of Rs. 920.92 lakhs (Interest and penalty are applicable in addition to the tax demand), pertaining to interest income from lease transactions for the period 2010–2013. The case is currently pending with Hon’ble Allahabad High Court, Prayagraj.MoreLess
  • Tax disputePrincipal Commissioner, CGST Commissionerate, Noida, U.P.Since 19 Dec 2018
    The Company has filed a writ petition before the Hon’ble Allahabad High Court, Prayagraj, against a service tax demand of Rs. 5,730.35 lakhs (Interest and penalty are applicable in addition to the tax demand), in respect of deemed sale income from leasing transactions as per Accounting Standard–19 for the period from 1st July 2010 to 30th June 2013. The case is currently pending with Hon’ble Allahabad High Court, Prayagraj.MoreLess
  • Tax disputePrincipal Commissioner, CGST Commissionerate, Noida, U.P.Since 12 Feb 2019
    The Company has filed an appeal before CESTAT, Allahabad, against a service tax demand of Rs. 1,666.76 lakhs (Interest and penalty are applicable in addition to the tax demand), on royalty paid to OEMs for procurement of operating software during the period 1st April 2005 to 15th May 2008, under the category of Intellectual Property Rights (IPR) services. The case is currently pending with CESTAT, Allahabad.MoreLess
  • Tax disputeDeputy Commissioner of State Tax, MumbaiSince 16 Mar 2019
    The Company (DDMS Ltd., now merged with HCL Infosystems Ltd.) has filed an appeal before the Joint Commissioner (Appeals), Sales Tax, Mumbai, Maharashtra, against a demand of Rs. 137.66 lakhs for FY 2014–15, in respect of classification of Tablet PCs under a higher rate of tax. The case is currently pending with Joint Commissioner (Appeals), Sales Tax, Mumbai, Maharashtra.MoreLess
  • Tax disputeDeputy Commissioner of State Tax, MumbaiSince 6 Jun 2019
    The Company has filed an appeal before the Joint Commissioner (Appeals), Sales Tax, Mumbai, Maharashtra, against a demand of Rs. 139.17 lakhs for FY 2014–15, relating to classification of Bluetooth devices, Tablet PCs, projectors, and multifunctional devices under a higher tax rate. The case is currently pending with Joint Commissioner (Appeals), Sales Tax, Mumbai, Maharashtra.MoreLess
  • Tax disputeDeputy Commissioner of State Tax, MumbaiSince 24 Sep 2019
    The Company has filed an appeal before the Joint Commissioner (Appeals), Sales Tax, Mumbai, Maharashtra, against a demand of Rs. 361.89 lakhs for FY 2013–14, in respect of classification of Tablet PCs under a higher rate of tax. The case is currently pending with Joint Commissioner (Appeals), Sales Tax, Mumbai, Maharashtra.MoreLess
  • Tax disputeDeputy Commissioner of State Tax, MumbaiSince 3 May 2020
    The Company has filed an appeal before the Joint Commissioner (Appeals), Sales Tax, Mumbai, Maharashtra, against a demand of Rs. 261.50 lakhs for FY 2015–16, related to classification of Bluetooth devices, Tablet PCs, and multifunctional devices under a higher tax rate. The case is currently pending with Joint Commissioner (Appeals), Sales Tax, Mumbai, Maharashtra.MoreLess
  • Tax disputeDeputy Commissioner of State Tax, MumbaiSince 28 Aug 2020
    The Company (DDMS Ltd., now merged with HCL Infosystems Ltd.) has filed an appeal before the Joint Commissioner (Appeals), Sales Tax, Mumbai, Maharashtra, against a demand of Rs. 52.30 lakhs for FY 2015–16. The demand pertains on account of pending statutory forms on inter-state sales at concessional tax rates. The case is currently pending with Joint Commissioner (Appeals), Sales Tax, Mumbai, Maharashtra.MoreLess
  • Tax disputeExcise & Taxation Officer, Mohali, PunjabSince 31 Aug 2020
    The Company has filed an appeal before the Punjab VAT Tribunal against a demand of Rs. 92.62 lakhs for FY 2012–13, arising from classification of Mobile battery chargers under a higher rate of tax. The case is currently pending with Punjab VAT Tribunal, Punjab. In addition, Settlement Application was filed under OTS'25 scheme before Assistant Commissioner of State Tax, Mohali and settlement order received. Further, application has been filed for withdrawal of appeal filed before Punjab VAT Tribunal post receipt of settlement order under OTS'25.MoreLess
    At the filing before: The Company has filed an appeal before the Punjab VAT Tribunal against a demand of Rs. 92.62 lakhs for FY 2012–13, arising from classification of Mobile battery chargers under a higher rate of tax. The case is currently pending with Punjab VAT Tribunal, Punjab. In addition, Settlement Application has been filed under OTS'25 scheme before Assistant Commissioner of State Tax, Mohali. Appeal filed before Punjab VAT Tribunal will be withdrawn post receipt of settlement order under OTS'25.MoreLess
  • Tax disputeDeputy Commissioner of State Tax, MumbaiSince 11 Nov 2020
    The Company has filed an appeal before the Joint Commissioner (Appeals), Sales Tax, Mumbai, Maharashtra, against a demand of Rs. 569.54 lakhs for FY 2016–17, in relation to classification of Tablet PCs and multifunctional devices under a higher rate of tax. The case is currently pending with Joint Commissioner (Appeals), Sales Tax, Mumbai, Maharashtra.MoreLess
  • Tax disputeDeputy Commissioner of State Tax, MumbaiSince 29 Sep 2021
    The Company has filed an appeal before the Joint Commissioner (Appeals), Sales Tax, Mumbai, Maharashtra, against a demand of Rs. 332.95 lakhs for FY 2017–18, pertaining to classification of Tablet PCs, multifunctional devices, and computer peripherals under a higher rate of tax. The case is currently pending with Joint Commissioner (Appeals), Sales Tax, Mumbai, Maharashtra.MoreLess
  • Tax disputeDeputy Commissioner of State Tax, AhmedabadSince 1 Aug 2022
    The Company has filed an appeal before the Gujarat VAT Tribunal, Ahmedabad, against a demand of Rs. 65.98 lakhs for FY 2015–16, related to disallowance of VAT claimed on credit notes issued to dealers. The case is currently pending with Gujarat VAT Tribunal, Ahmedabad.MoreLess
  • Tax disputeAssistant Commissioner, CGST, Noida, Uttar PradeshSince 4 Mar 2025
    The Company has filed an amendment application in our Writ Petition pending before the Hon'ble Allahabad High Court, Prayagraj, against a demand appropriation of Rs. 80.22 lakhs for FY 2017–18. The case is currently pending with Hon'ble Allahabad High Court, Prayagraj. Department has filed appeal against the order of the Commissioner wherein interest and penalty have not been imposed. The Company has filed cross objection before the appellate authority.MoreLess
    At the filing before: The Company has filed an amendment application in our Writ Petition pending before the Hon'ble Allahabad High Court, Prayagraj, against a demand appropriation of Rs. 80.22 lakhs for FY 2017–18. The case is currently pending with Hon'ble Allahabad High Court, Prayagraj.MoreLess
  • Tax disputeJoint Commissioner, Central Goods & Services Tax, NoidaSince 18 Dec 2025
    The Company has filed an appeal before the Commissioner (Appeals), Noida against a demand of Rs. 438.39 lakhs for FY 2021–22. The demand is arising due to the alleged mismatch between the turnover reported by the Company in Form GSTR-3B and the details reflected in Form GSTR-7. The case is currently pending with Commissioner (Appeals), Noida.MoreLess
  • Tax disputeAssistant Commissioner, Central Goods & Services Tax, ChennaiSince 24 Dec 2025
    The Company has filed an appeal before Additional/ Joint Commissioner (Appeals-I), Chennai, against a demand of Rs. 64 lakhs for FY 2018–19. The demand is arising due to the allegation that the Company has generated multiple E-Waybills using the same invoices resulting into short payment of tax. The case is currently pending with Additional/ Joint Commissioner (Appeals-I), Chennai.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 Mar 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
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.