India Nippon Electricals MD, chairman, board of directors and AGM
NSE: INDNIPPONBSE: 532240Auto ComponentsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹1,119.50.
- 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.
- ₹2,433 Cr1,205th 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 7 Aug 2026
- 21.2
- 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 ₹15 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 24.4
- 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 28 May 2026
- 3.0
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.44%
- 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 7 Aug 2026
- 15.0%
- 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 ₹15 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 13.0%
- 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 7 Aug 2026
- 13.3%
- 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 28 May 2026
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 49,89346.6% delivered
India Nippon Electricals 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
- ChairpersonT K BalajiRelated to the promoter
- Managing directorArvind Balaji
- Company Secretary and Compliance OfficerS Logitha
6 directors3 independent1 executive2 non-executive
- T K Balaji · ChairpersonNon-executive · joined Jul 1986 · 1 listed board
- Arvind Balaji · Managing directorExecutive · joined Oct 2008 · reappointed Aug 2022 · 2 listed boards · 1 as independent · 4 committee seats
- Priyamvada BalajiNon-executive · joined Jan 2018 · 1 listed board · 2 committee seats
- Anant Jaivant TalaulicarIndependent · joined Apr 2019 · reappointed Apr 2023 · 86 months as independent · 5 listed boards · 4 as independent · 8 committee seats, 2 as chair
- Heramb Ravindra HajarnavisIndependent · joined Aug 2022 · reappointed Aug 2022 · 46 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
- Gangapriya ChakravertiIndependent · joined Aug 2022 · reappointed Aug 2022 · 46 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.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 28 May 20264 of 6 present1 independent · 58 days in between
- 30 Mar 20266 of 6 present3 independent · 44 days in between
- 13 Feb 20265 of 6 present2 independent
Audit Committee
Chair Anant Jaivant Talaulicar
Heramb Ravindra Hajarnavis, Priyamvada Balaji
- 27 May 20263 of 3 present2 independent · 57 days in between
- 30 Mar 20263 of 3 present2 independent · 44 days in between
- 13 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Gangapriya Chakraverti
T. K. Balaji, Anant Jaivant Talaulicar
- 28 May 20262 of 3 present1 independent · 103 days in between
- 13 Feb 20262 of 3 present1 independent
Stakeholders Relationship Committee
Chair Heramb Ravindra Hajarnavis
Gangapriya Chakraverti, Arvind Balaji
No meeting listed in the filing.
Risk Management Committee
Chair Anant Jaivant Talaulicar
Arvind Balaji, Heramb Ravindra Hajarnavis, Ravinder Sharma
- 27 May 20262 of 3 present1 independent · 105 days in between
- 10 Feb 20263 of 3 present2 independent
Corporate Social Responsibility Committee
Chair Gangapriya Chakraverti
Arvind Balaji, Priyamvada Balaji
- 27 May 20262 of 3 present0 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.
- Deloitte Haskins & Sells 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.
India Nippon Electricals 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.India Nippon Electricals dividend history
Annual general meeting, 30 Jul 2026
24,381 shareholders on the register on 23 Jul 2026; present: 3 promoters and 36 others; votes counted by PRABHAKAR CHANDRASEKARAN / BP & ASSOCIATES.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 70.57% · promoters 99.93% · institutions 25.10% · other public 0.23%
- To confirm the Interim Dividend for the year 2025-2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 70.57% · promoters 99.93% · institutions 25.10% · other public 0.23%
- To appoint a director in place of Mr. T K Balaji (DIN: 00002010), 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 0.04%
Turnout: all 70.57% · promoters 99.93% · institutions 25.10% · other public 0.23%
- To ratify the remuneration payable to Mr. K Suryanarayanan, the Cost Auditor of the Company for the financial year ending 31st March, 2027Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 70.57% · promoters 99.93% · institutions 25.10% · other public 0.23%
- Re-appointment of Ms. Gangapriya Chakraverti (DIN:00378385) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 70.57% · promoters 99.93% · institutions 25.10% · other public 0.23%
- Re-appointment of Mr. Heramb Ravindra Hajarnavis (DIN: 01680435) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 70.57% · promoters 99.93% · institutions 25.10% · other public 0.23%
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, 19 Sep 2025, 6 resolutions
22,392 shareholders on the register on 12 Sep 2025; present: 2 promoters and 44 others; votes counted by PRABHAKAR CHANDRASEKARAN / BP & ASSOCIATES.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2025Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.55%
Turnout: all 71.52% · promoters 100.00% · institutions 30.62% · other public 3.52%
- To confirm the Interim Dividend for the year 2024-25Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 71.52% · promoters 100.00% · institutions 30.62% · other public 3.52%
- To appoint a director in place of Mrs. Priyamvada Balaji (DIN: 00730712), who retires by rotation and being eligible offers herself for re-appointment.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.55%
Turnout: all 71.52% · promoters 100.00% · institutions 30.62% · other public 3.52%
- To ratify the remuneration payable to Mr. K Suryanarayanan, the Cost Auditor of the Company for the financial year ending 31st March, 2026Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.55%
Turnout: all 71.52% · promoters 100.00% · institutions 30.62% · other public 3.52%
- To consider and approve minimum remuneration and annual remuneration in excess of 5 Crores payable to Mr. Arvind Balaji, Managing Director for the remaining period of his tenureSpecialPromoters have an interest in it89.17% for10.83% against
Against: promoters 0.00% · institutions 100.00% · other public 0.65%
Turnout: all 1.12% · promoters 0.00% · institutions 30.62% · other public 3.43%
- To approve the appointment of Secretarial AuditorOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.55%
Turnout: all 71.52% · promoters 100.00% · institutions 30.62% · 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.
Annual general meeting, 18 Sep 2024, 4 resolutions
Present: 2 promoters and 42 others.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2024Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.25%
Turnout: all 71.84% · promoters 99.93% · institutions 49.17% · other public 4.82%
- To confirm the Interim Dividend for the year 2023-24Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.25%
Turnout: all 71.84% · promoters 99.93% · institutions 49.17% · other public 4.82%
- To appoint a Director in place of Mr. T K Balaji (DIN: 00002010), who retires by rotation and being eligible offers himself for re-appointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.25%
Turnout: all 71.84% · promoters 99.93% · institutions 49.17% · other public 4.82%
- To ratify the remuneration payable to Mr K Suryanarayanan, the Cost Auditor of the Company for the financial year ending 31st March, 2025.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.31%
Turnout: all 71.84% · promoters 99.93% · institutions 49.17% · other public 4.82%
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: 3 promoters and 42 others.The company's voting result (opens in a new tab)
Adoption of the audited standalone and consolidated financial statements of the Company for the financial year ended 31st March, 2023, together with the reports of Board of Directors and Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.10% · promoters 99.94% · institutions 56.91% · other public 2.39%
- Declaration of Dividend for the year 2022-23Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.10% · promoters 99.94% · institutions 56.91% · other public 2.39%
- Election of Ms. Priyamvada Balaji (DIN:00730712)as Director liable for retirement by rotation.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.10% · promoters 99.94% · institutions 56.91% · other public 2.39%
- Ratification of the remuneration of Mr. K Suryanarayanan, the Cost Auditor for the year 2023-24Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 71.10% · promoters 99.94% · institutions 56.91% · other public 2.39%
- Alteration of Articles of Association of the CompanySpecial99.90% for0.10% against
Against: promoters 0.00% · institutions 100.00% · other public 0.99%
Turnout: all 71.10% · promoters 99.94% · institutions 56.91% · other public 2.39%
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, 18 Mar 2023, 2 resolutions
The company's voting result (opens in a new tab)
- Re-appointment of Mr Anant Jaivant Talaulicar ( DIN: 00031051) as an Independent DirectorSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 70.57% · promoters 100.00% · institutions 62.93% · other public 0.43%
- Continuing Directorship of Mr T K Balaji (DIN 00002010) as a Non Executive Director beyond the age of 75 yearsSpecial99.90% for0.10% against
Against: promoters 0.00% · institutions 100.00% · other public 6.14%
Turnout: all 70.57% · promoters 100.00% · institutions 62.93% · other public 0.43%
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, 21 Sep 2022, 10 resolutions
Present: 6 promoters and 35 others.The company's voting result (opens in a new tab)
- Adoption of the audited financial statements of the Company for the financial year ended 31st March,2022, together with reports of Board of Directors and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.08% · promoters 99.92% · institutions 44.02% · other public 5.72%
- Declaration of Dividend for the year 2021-22Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.08% · promoters 99.92% · institutions 44.02% · other public 5.72%
- Election of Mr T K Balaji as Director liable for retirement by rotation.OrdinaryPromoters have an interest in it99.91% for0.09% against
Against: promoters 0.00% · institutions 100.00% · other public 0.00%
Turnout: all 72.08% · promoters 99.92% · institutions 44.02% · other public 5.72%
- Re-Appointment of statutory Auditors, M/s. Deloitte Haskins & Sells LLP.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 72.08% · promoters 99.92% · institutions 44.02% · other public 5.72%
- Ratification of the remuneration of Mr K Suryanarayanan, the Cost Auditor for the year 2022-23.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 72.08% · promoters 99.92% · institutions 44.02% · other public 5.72%
- Appointment of Mr. Heramb Ravindra Hajarnavis ( DIN: 01680435) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.08% · promoters 99.92% · institutions 44.02% · other public 5.72%
- Appointment of Ms Gangapriya Chakraverti ( DIN:00378385) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.08% · promoters 99.92% · institutions 44.02% · other public 5.72%
- To Consider and approve re-appointment of Mr.Arvind Balaji ( DIN:00557711) as Managing Director of the Company and revision in terms of remuneration.SpecialPromoters have an interest in it96.45% for3.55% against
Against: promoters 0.00% · institutions 100.00% · other public 0.01%
Turnout: all 1.75% · promoters 0.00% · institutions 44.02% · other public 5.72%
- Material Related Party Transaction(s) Between the Company and TVS Motor Company LimitedOrdinaryPromoters have an interest in it95.45% for4.55% against
Against: promoters 0.00% · institutions 100.00% · other public 1.05%
Turnout: all 1.75% · promoters 0.00% · institutions 44.02% · other public 5.72%
- Material Related Party Transaction(s) Between the Company and Lucas Indian Service Limited ( LIS ),Holding CompanyOrdinaryPromoters have an interest in it96.46% for3.54% against
Against: promoters 0.00% · institutions 100.00% · other public 0.00%
Turnout: all 1.75% · promoters 0.00% · institutions 44.02% · other public 5.72%
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 2021, 8 resolutions
Present: 3 promoters and 56 others.The company's voting result (opens in a new tab)
- Adoption of audited accounts for the year ended 31st March, 2021 and the Directors’ and Auditors’ report thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.14% · promoters 100.00% · institutions 91.19% · other public 7.98%
- Declaration of Dividend for the year 2020-21Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.14% · promoters 100.00% · institutions 91.19% · other public 7.98%
- Election of Ms Priyamvada Balaji as Director liable for retirement by rotationOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.38%
Turnout: all 71.14% · promoters 100.00% · institutions 91.19% · other public 7.98%
- Ratification of the remuneration of Mr K Suryanarayanan, the Cost Auditor for the year 2021-22Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.20%
Turnout: all 71.14% · promoters 100.00% · institutions 91.19% · other public 7.98%
- Approval of Related Party TransactionsOrdinaryPromoters have an interest in it99.82% for0.18% against
Against: promoters 0.00% · institutions 0.00% · other public 0.74%
Turnout: all 2.98% · promoters 0.00% · institutions 91.19% · other public 2.29%
Approval to keep the Register of Members, Index of Members and any other statutory registers/ records at the place where Cameo Corporate Services Ltd decides toncarry on the Share Registry work for the company.MoreLess
Special99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.32%
Turnout: all 71.14% · promoters 100.00% · institutions 91.19% · other public 7.98%
- Regularisation of appointment of Mr Kiyoyasu Kawakami as a director liable for retirement by rotationnOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.39%
Turnout: all 71.14% · promoters 100.00% · institutions 91.19% · other public 7.98%
- Appointment of Mr Jakob Ruemmler as a director not liable for retirement by rotationOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.41%
Turnout: all 71.14% · promoters 100.00% · institutions 91.19% · other public 7.98%
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, 21 Sep 2020, 6 resolutions
Present: 3 promoters and 46 others.The company's voting result (opens in a new tab)
- Adoption of audited accounts for the year ended 31st March 2020 and the Director's and Auditors report thereonOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.19%
Turnout: all 69.02% · promoters 100.00% · institutions 19.25% · other public 6.62%
- Declaration of Dividend for the Year 2019-20Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.19%
Turnout: all 69.02% · promoters 100.00% · institutions 19.25% · other public 6.62%
- Election of Mr. T Momose as Director liable for retirement by rotationOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.19%
Turnout: all 69.02% · promoters 100.00% · institutions 19.25% · other public 6.62%
- Ratification of the remuneration of Mr. K Surayanarayanan, the Cost Auditor for the year 2020-21Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.19%
Turnout: all 69.02% · promoters 100.00% · institutions 19.25% · other public 6.62%
- Adoption of Memorandum of Association as per provision of Companies Act, 2013Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.19%
Turnout: all 69.02% · promoters 100.00% · institutions 19.25% · other public 6.62%
- Adoption of new set of Articles of AssociationSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.19%
Turnout: all 69.02% · promoters 100.00% · institutions 19.25% · other public 6.62%
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 disputeThe Deputy Commissioner of Income TaxSince 31 Oct 2020Same as last disclosure
At the filing before: The Assessee had filed revised return on 21/03/2020. However, AO has erred and updated the demand in the e-filing portal based on the original return and without considering the revised return. Application u/s 264 petition has been submitted to principal commissioner of Income Tax.MoreLess
- Tax disputeThe Deputy Commissioner of Income TaxSince 23 Sep 2022
The Company received the CIT(A) order dated May 1, 2026, and filed an appeal before the ITAT on June 26, 2026. The hearing date is awaited. Subsequently, an order under Section 154 dated July 7, 2026, was received, making an additional disallowance of ₹1.72 lakh and raising a tax demand of ₹126 lakh. The Company is in the process of filing an appeal before the CIT(A) and a rectification application under Section 154 with the DCIT, as the Assessing Officer has not allowed the deduction under Section 80G amounting to ₹86 lakh.MoreLess
At the filing before: Assessment order passed by AO is invalid as intimation under Section 143(1) was not served upon assessee wherein addition to business income was made and credit of DDT paid is not given resulting in excess tax demand. Appeal filled with ITAT & order received directing CIT(A) for fresh consideration of the case.MoreLess
- Tax disputeThe Deputy Commissioner of Income TaxSince 24 Apr 2024Same as last disclosure
At the filing before: AO disallowed deduction claimed u/s 35(1)(iv) resulting in excess tax demand. Opportunity and adequate time was not provided to represent and submit the DSIR certificate. Hence, writ petition is filed before High court challenging the order passed. Stay order obtained for recovery of demand. Hearing awaited.MoreLess
- Tax disputeThe Deputy Commissioner of Income TaxSince 10 Sep 2024Same as last disclosure
At the filing before: Assessment completed u/s 143(3) allowing deduction claimed u/s 43B. The assessment order received with demand, disallowing purchase from Sashi Enterprises and disallowance of partial deduction of R&D expenses . We have filed the appeal with CIT (A) awaiting date of hearing.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
- 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
- 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.