Ind-Swift Laboratories MD, chairman, board of directors and AGM
NSE: INDSWFTLABBSE: 532305Pharmaceuticals & BiotechnologySmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹345.35.
- Under NSE's long-term additional surveillance, stage I, on the list for 23 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- Next results date: the board meets on 29 Oct 2026 to consider: financial results.
- 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.
- ₹2,848 Cr1,404th 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 10 Aug 2026
- 49.7
- 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 −₹11 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 41.5
- 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
- 2.1
- 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 10 Aug 2026
- 4.5%
- 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 −₹11 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 5.4%
- 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 10 Aug 2026
- 2.0%
- 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 28 May 2026
- 0.01
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 6,58,24852.8% delivered
Ind-Swift Laboratories 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
- ChairpersonNavrattan MunjalRelated to the promoter
- Managing directorHimanshu Jain
- Managing directorSahil Munjal
- Company Secretary and Compliance OfficerPARDEEP VERMA
7 directors3 independent4 executive
- Navrattan Munjal · ChairpersonExecutive · joined Jan 1995 · reappointed Feb 2026 · 1 listed board · 2 committee seats
- Himanshu Jain · Managing directorExecutive · joined Jul 2003 · reappointed Feb 2026 · 1 listed board
- Rishav MehtaExecutive · joined Mar 2010 · reappointed Mar 2023 · 1 listed board
- Sahil Munjal · Managing directorExecutive · joined Feb 2020 · reappointed Feb 2026 · 1 listed board
- Neerja ChathleyIndependent · joined May 2019 · reappointed May 2024 · 85 months as independent · 2 listed boards · 2 as independent · 1 committee seat, 1 as chair
- Rajinder Kumar GuptaIndependent · joined Jun 2021 · reappointed Jun 2021 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- Subodh GuptaIndependent · joined Jul 2025 · reappointed Jul 2025 · 11 months as independent · 1 listed board · 1 as independent
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
3 directors who left
- Prabhat Khurana, left 22 Jun 2026: Others
- Param Bir Singh, left 30 May 2025: Others
- Ashwani Kumar Vig, left 12 Feb 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 28 May 20268 of 8 present4 independent · 13 days in between
- 14 May 20268 of 8 present4 independent · 47 days in between
- 27 Mar 20268 of 8 present4 independent · 54 days in between
- 31 Jan 20268 of 8 present4 independent
Audit Committee
Chair Subodh Gupta
Rajinder Kumar Gupta, Navrattan Munjal
- 28 May 20263 of 3 present2 independent · 61 days in between
- 14 May 20263 of 3 present2 independent · 47 days in between
- 27 Mar 20263 of 3 present2 independent · 54 days in between
- 31 Jan 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Rajinder Kumar Gupta
Subodh Gupta, Neerja Chathley
- 31 Jan 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair Rajinder Kumar Gupta
Navrattan Munjal, Neerja Chathley
No meeting listed in the filing.
Risk Management Committee
Chair Subodh Gupta
Navrattan Munjal, Rajinder Kumar Gupta
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair Navrattan Munjal
Himanshu Jain, Subodh Gupta
- 5 Mar 20263 of 3 present1 independent · 5 days in between
- 27 Feb 20263 of 3 present1 independent · 26 days in between
Independent Director Meeting
- 27 Mar 20264 of 4 present4 independent · 21 days in between
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Jun 2026.
- RATTAN KAUR AND ASSOCIATESPeer-review certificate valid to Jan 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.
Ind-Swift Laboratories 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.Ind-Swift Laboratories dividend history
Annual general meeting, 30 Sep 2026
43,470 shareholders on the register on 23 Sep 2026; present: 10 promoters and 37 others; votes counted by VISHAL ARORA / Vishal Arora, Practicing Company Secretary.The company's voting result (opens in a new tab)
TO RECEIVE, CONSIDER, APPROVE AND ADOPT THE AUDITED FINANCIAL STATEMENTS (INCLUDING CONSOLIDATED FINANCIAL STATEMENTS) FOR THE FINANCIAL YEAR ENDED 31ST MARCH, 2026 TOGETHER WITH THE DIRECTORS’ AND AUDITORS’ REPORTS THEREUPONMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 47.61% · promoters 98.51% · institutions 13.93% · other public 8.21%
TO APPOINT A DIRECTOR IN PLACE OF SH. NAVRATTAN MUNJAL, CHAIRMAN & WHOLE-TIME DIRECTOR (DIN: 00015096) WHO RETIRES BY ROTATION UNDER THE PROVISIONS OF COMPANIES ACT, 2013 AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT.MoreLess
Ordinary99.85% for0.15% againstAgainst: promoters 0.00% · institutions 4.50% · other public 0.00%
Turnout: all 47.61% · promoters 10.44% · institutions 13.93% · other public 90.17%
- RATIFICATION OF REMUNERATION TO THE COST AUDITORS FOR THE FINANCIAL YEAR 2026-27:Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 47.61% · promoters 10.44% · institutions 13.93% · other public 90.17%
- TO APPOINT SH. AMIT MATHUR (DIN: 11916517) AS AN INDEPENDENT DIRECTOR OF THE COMPANYSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 47.61% · promoters 10.44% · institutions 13.93% · other public 90.17%
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.
Extraordinary general meeting, 5 Aug 2026, 3 resolutions
40,239 shareholders on the register on 29 Jul 2026; present: 10 promoters and 42 others; votes counted by VISHAL ARORA / Vishal Arora, Practicing Company Secretary.The company's voting result (opens in a new tab)
- ISSUANCE OF UPTO 70,00,000 FULLY CONVERTIBLE WARRANTS TO AN ENTITY BELONGING TO THE ‘PROMOTER & PROMOTER GROUP’ ON PREFERENTIAL BASIS.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 61.94% · promoters 98.73% · institutions 83.93% · other public 22.45%
- RE-APPOINTMENT OF SH. RAJINDER KUMAR GUPTA (DIN: 09212540), AS AN INDEPENDENT DIRECTOR FOR A SECOND TERM OF FIVE YEARS, IN TERMS OF SECTION 149 OF THE COMPANIES ACT, 2013.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 61.94% · promoters 98.73% · institutions 83.93% · other public 22.45%
- TO CONSIDER AND APPROVE THE ALTERATION OF ARTICLE OF ASSOCIATION BY SUBSTITUTION OF ARTICLE 76Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 61.94% · promoters 98.73% · institutions 83.93% · other public 22.45%
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, 30 Apr 2026, 4 resolutions
39,222 shareholders on the register on 27 Mar 2026; votes counted by VISHAL ARORA / Vishal Arora, Practicing Company Secretary.The company's voting result (opens in a new tab)
- TO CONSIDER AND APPROVE THE CHANGE IN DESIGNATION OF SH. N.R. MUNJAL (DIN: 00015096)Special99.88% for0.12% against
Against: promoters 0.00% · institutions 16.93% · other public 0.02%
Turnout: all 41.65% · promoters 86.28% · institutions 2.16% · other public 9.86%
- TO CONSIDER AND APPROVE APPOINTMENT OF SH. HIMANSHU JAIN (DIN: 00014533) AS MANAGING DIRECTOR (DOMESTIC OPERATIONS)Special99.88% for0.12% against
Against: promoters 0.00% · institutions 16.93% · other public 0.02%
Turnout: all 41.65% · promoters 86.28% · institutions 2.16% · other public 9.86%
- TO CONSIDER AND APPROVE APPOINTMENT OF SH. SAHIL MUNJAL (DIN: 00015407) AS MANAGING DIRECTOR (GLOBAL OPERATIONS)Special99.88% for0.12% against
Against: promoters 0.00% · institutions 16.93% · other public 0.02%
Turnout: all 41.65% · promoters 86.28% · institutions 2.16% · other public 9.86%
- TO CONSIDER AND APPROVE THE PAYMENT OF REMUNERATION TO SH. RISHAV MEHTA (DIN: 03028663), WHOLE-TIME DIRECTOR OF THE COMPANYSpecial99.87% for0.13% against
Against: promoters 0.00% · institutions 16.93% · other public 0.03%
Turnout: all 41.65% · promoters 86.28% · institutions 2.16% · other public 9.86%
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, 29 Sep 2025, 9 resolutions
51,827 shareholders on the register on 22 Sep 2025; present: 12 promoters and 32 others; votes counted by VISHAL ARORA / Vishal Arora, Practicing Company Secretary.The company's voting result (opens in a new tab)
To receive, consider, approve and adopt the Audited Financial Statements (including Consolidated Financial Statements) for the financial year ended 31st March, 2025 together with the Directors' and Auditors' Reports thereupon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 33.95% · promoters 76.71% · institutions 0.38% · other public 7.89%
To appoint a director in place of Mr. Rishav Mehta, Executive Director (DIN: 03028663) who retires by rotation under the provisions of Companies Act, 2013 and being eligible, offers himself for re-appointmentMoreLess
Ordinary99.84% for0.16% againstAgainst: promoters 0.00% · institutions 96.68% · other public 0.02%
Turnout: all 33.95% · promoters 76.71% · institutions 0.38% · other public 7.89%
- RATIFICATION OF REMUNERATION TO THE COST AUDITORS FOR THE FINANCIAL YEAR 2025-26:Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 33.95% · promoters 76.71% · institutions 0.38% · other public 7.89%
- TO APPOINT SECRETARIAL AUDITOR FOR SECRETARIAL AUDIT OF THE COMPANYOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 33.95% · promoters 76.71% · institutions 0.38% · other public 7.89%
- TO APPOINT SH. SUBODH GUPTA (DIN:01393423) AS AN INDEPENDENT DIRECTOR OF THE COMPANYSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 33.95% · promoters 76.71% · institutions 0.38% · other public 7.89%
- TO APPOINT SH. PRABHAT KHURANA (DIN:03289193) AS AN INDEPENDENT DIRECTOR OF THE COMPANYSpecial99.84% for0.16% against
Against: promoters 0.00% · institutions 96.68% · other public 0.02%
Turnout: all 33.95% · promoters 76.71% · institutions 0.38% · other public 7.89%
- TO APPROVE RELATED PARTY TRANSACTION UNDER SECTION 188 (1) (f) OF THE COMPANIES ACT 2013.OrdinaryPromoters have an interest in it99.83% for0.17% against
Against: promoters 0.00% · institutions 96.68% · other public 0.02%
Turnout: all 32.75% · promoters 73.66% · institutions 0.38% · other public 7.89%
- TO APPROVE RELATED PARTY TRANSACTION UNDER SECTION 188 (1) (f) OF THE COMPANIES ACT 2013.OrdinaryPromoters have an interest in it99.83% for0.17% against
Against: promoters 0.00% · institutions 96.68% · other public 0.02%
Turnout: all 32.72% · promoters 73.58% · institutions 0.38% · other public 7.89%
- TO APPROVE RELATED PARTY TRANSACTION UNDER SECTION 188 (1) (f) OF THE COMPANIES ACT 2013.OrdinaryPromoters have an interest in it99.83% for0.17% against
Against: promoters 0.00% · institutions 96.68% · other public 0.02%
Turnout: all 32.72% · promoters 73.58% · institutions 0.38% · other public 7.89%
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.
Meeting called by the tribunal, 22 Feb 2025, 1 resolution
28,930 shareholders on the register on 15 Feb 2025; present: 20 promoters and 35 others; votes counted by CA SALIL YADAV / SALIL YADAV, PRACTICING CHARTERED ACCOUNTANT.The company's voting result (opens in a new tab)
To consider and, if thought fit, approve with or without modification, the arrangement embodied in the Scheme of Arrangement for Amalgamation of Ind-Swift Limited (Transferor Company) with Ind-Swift Laboratories Limited (Transferee Company) and their respective Shareholders and Creditors.MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.40% · promoters 100.00% · institutions 0.00% · other public 42.75%
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 2024, 6 resolutions
Present: 10 promoters and 27 others.The company's voting result (opens in a new tab)
To receive, consider, approve and adopt the Audited Financial Statements (including Consolidated Financial Statements) for the financial year ended 31st March, 2024 together with the Directors’ and Auditors’ Reports thereupon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 47.37% · promoters 99.80% · institutions 0.00% · other public 9.55%
- To appoint a director in place of Mr. Sahil Munjal (DIN: 00015407), who retires by rotation under the provisions of Companies Act, 2013 and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 45.81% · promoters 96.09% · institutions 0.00% · other public 9.55%
- Ratification of remuneration of the cost auditors for the Financial Year 2024-25.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 47.37% · promoters 99.80% · institutions 0.00% · other public 9.55%
- Appointment of Statutory Auditor to fill casual vacancy.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 47.37% · promoters 99.80% · institutions 0.00% · other public 9.55%
- Appointment of statutory auditor for a term of 5 (five) consecutive yearsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 47.37% · promoters 99.80% · institutions 0.00% · other public 9.55%
- To consider and approve the appointment of and payment of remuneration to Mr. Sahil Munjal (DIN: 00015407), as Whole-Time Director of the Company.SpecialPromoters have an interest in it98.95% for1.05% against
Against: promoters 0.00% · institutions 0.00% · other public 8.80%
Turnout: all 45.81% · promoters 96.09% · institutions 0.00% · other public 9.55%
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.
Extraordinary general meeting, 22 Jul 2024, 2 resolutions
Present: 34 promoters and 60 others.The company's voting result (opens in a new tab)
Issuance of fully convertible warrants to the persons belonging to ‘promoter & promoter group’ and ‘non-promoter’ category on preferential basisIssuance of fully convertible warrants to the persons belonging to ‘promoter & promoter group’ and ‘non-promoter’ category on preferential basisMoreLess
SpecialPromoters have an interest in it98.33% for1.67% againstAgainst: promoters 0.00% · institutions 0.00% · other public 1.77%
Turnout: all 20.96% · promoters 2.83% · institutions 0.00% · other public 34.65%
- To appoint Mr. Param Bir Singh (DIN: 07616561) as an independent director of the companySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 61.78% · promoters 100.00% · institutions 0.00% · other public 34.65%
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, 21 Jun 2024, 3 resolutions
The company's voting result (opens in a new tab)
- TO INCREASE THE AUTHORISED SHARE CAPITAL OF THE COMPANY AND CONSEQUENTIAL AMENDMENT IN MEMORANDUM OF ASSOCIATION OF THE COMPANYOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 53.39% · promoters 99.98% · institutions 0.00% · other public 22.80%
- TO CONSIDER AND APPROVE ALTERATION IN THE ARTICLES OF ASSOCIATION OFnTHE COMPANYSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 53.39% · promoters 99.98% · institutions 0.00% · other public 22.80%
- TO APPROVE MATERIAL MODIFICATION TO THE APPROVED RELATED PARTYnTRANSACTIONOrdinaryPromoters have an interest in it96.85% for3.15% against
Against: promoters 0.00% · institutions 0.00% · other public 3.15%
Turnout: all 11.39% · promoters 0.00% · institutions 0.00% · other public 22.80%
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.
Fines and tax disputes
Reported in the filing for the quarter to Jun 2026.
- Fine or penaltyCGST ACTSince 27 Jun 2026
Order is passed
A GST demand was raised due to discrepancies identified during reconciliation of GST returns and related records. The tax authority imposed a penalty of ₹40,000. - Tax disputeISLL vs Commisssioner of Central ExciseSince 31 Dec 2013Appeal is pending with the Appellate AuthorityAt the filing before: Demand on Account of RCM unde the Service tax regime amount to Rs. 5.10 lakhs.Matter pending with CESTAT
- Tax disputeINCOME TAX DEPARTMENTSince 1 Apr 2014The matter is Sub-Judice before the Hon'ble High Court
At the filing before: Income tax department moved to District Court against the company to recover self-assessment tax. Under section 271(1)(b). Vide registration No 1378/2014 Company moved to Hon'able High Court against this action of the department as company has deposited self-assessment tax along with interest own its own as per the position of fund flow of the company. Stay Granted by Hon'able High Court Vide No CRM-M-31576-2017 (O & M ) Company also move to Hon'able High Court against the petition filed by Income Tax Department for AY 2012-13 Vide APPEAL NO CWP NO 20585/2024 & 20586/2024MoreLess
- Tax disputeINCOME TAX DEPARTMENTSince 1 Apr 2014Appeal is pending with the Appellate AuthorityAt the filing before: Demand is Nil against the addition made by Assessing officer for the AY 2011-12 and company is in Appeal against the order - Vide appeal No 6/2014-15 for the AY 2011-12 with CIT(A)
- Tax disputeINCOME TAX DEPARTMENTSince 1 Apr 2014Appeal is pending with the Appellate AuthorityAt the filing before: Demand is Nil against the addition made by Assessing officer for the AY 2012-13 and company is in Appeal against the order- Vide appeal No 7/2014-15 for the AY 2012-13 with CIT(A)
- Tax disputeINCOME TAX DEPARTMENTSince 8 Apr 2015Appeal is pending with the Appellate AuthorityAt the filing before: Demand is Nil against the addition made by Assessing officer for the AY 2012-13 and company is in Appeal against the order - Vide appeal No A/2015-16 for the AY 2012-13 with CIT(A)
- Tax disputeISL vs Commisssioner of Central ExciseSince 15 Mar 2016Appeal is pending with the Appellate AuthorityAt the filing before: Demand on account of Cenvat credit amounting to Rs. 1.24 crores. Matter pending with CESTAT
- Tax disputeISLL vs Commisssioner of Central ExciseSince 1 Apr 2016Appeal is pending with the Appellate AuthorityAt the filing before: Demand on account of classification under the Excise regime amounting to Rs. 23.06 lakhs. Matter pending with CESTAT
20 more
- Tax disputeISL vs Commisssioner of Central ExciseSince 18 May 2018Appeal is pending with the Appellate AuthorityAt the filing before: Demand amounting to Rs. 6.63 lakhs on account of EXP-4 return under the Service Tax regime. Matter pending with CESTAT.
- Tax disputeISL vs Commisssioner of Central ExciseSince 18 May 2018Appeal is pending with the Appellate AuthorityAt the filing before: Demand on account of RCM under the Service Tax regime amounting to Rs. 3.71 lakhs. Matter pending with CESTAT
- Tax disputeISLL vs Commisssioner of Central ExciseSince 18 Oct 2018Appeal is pending with the Appellate AuthorityAt the filing before: Demand on account of Cenvat credit amounting to Rs. 67.01 lakhs. Matter pending with CESTAT
- Tax disputeISL vs Commisssioner of Central ExciseSince 19 Dec 2018Appeal is pending with the Appellate AuthorityAt the filing before: Demand on account of Cenvat credit amounting to Rs. 88.82 lakhs. Matter pending with CESTAT
- Tax disputeISL VS UT,ChandigarhSince 14 Jan 2019Appeal is pending adjudication before Hon'ble VAT Tribunal
At the filing before: Demand of Rs. 66.33 crores (52 Crores is on account of interest and penalty) on account of rejection of Input Credit of VAT in FY 2011-12. The company has filed an appeal which is now pending adjudication before Hon'ble VAT TribunalMoreLess
- Tax disputeCommisssioner of Central ExciseSince 26 Aug 2019Appeal is pending with the Appellate AuthorityAt the filing before: Demand on account of RCM under the Service Tax regime amounting to Rs. 7.23 lakhs. Matter pending with CESTAT
- Tax disputeISL VS Union of India Thru GST CommissionerSince 21 Nov 2020The matter is Sub-Judice before the Hon'ble High CourtAt the filing before: Demand amounting Rs. 84.88 Lakhs on account of revenue neutral issue of PLA balance taken as Input credit during transition. Writ filed with Hon'ble Jammu & Kashmir High Court is currently pending
- Tax disputeINCOME TAX DEPARTMENTSince 5 May 2021Appeal is pending with the Appellate AuthorityAt the filing before: Demand is Nil against the addition made by Assessing officer for the AY 2018-19 and company is in Appeal against the order - Vide appeal No 348289181050521 for the AY 2018-19 with CIT(A)
- Tax disputeINCOME TAX DEPARTMENTSince 5 May 2021Appeal is pending with the Appellate AuthorityAt the filing before: Demand is Nil against the addition made by Assessing officer for the AY 2018-19 and company is in Appeal against the order- Vide appeal No 348161281050521 for the AY 2018-19 with CIT(A)
- Tax disputeISLL VS Asst. Commissioner,Kicha (Uttrakhand)Since 26 Oct 2021Matter pending with Joint CommissionerAt the filing before: Demand amounting to Rs. 8.23 lakhs related to Purchase Tax. Matter pending at Joint Commissioner (Appeals)
- Tax disputeINCOME TAX DEPARTMENTSince 2 Feb 2022The matter is Sub-Judice before the Hon'ble High CourtAt the filing before: Writ Petition Filed In Hon'Able High Court Against The Notice Received Under Section 148 CWP No 2014/2022 For The AY 2013-14
- Tax disputeINCOME TAX DEPARTMENTSince 18 Feb 2022The matter is Sub-Judice before the Hon'ble High CourtAt the filing before: Writ Petition Filed In Hon'Able High Court Against The Notice Received Under Section 148 Under Section 148 CWP No 3287/2022 AY 2015-16
- Tax disputeINCOME TAX DEPARTMENTSince 14 Oct 2022Appeal is pending with the Appellate AuthorityAt the filing before: Demand is Nil against the addition made by Assessing officer for the AY 2020-21 and company is in Appeal against the order- Vide appeal No 721341530141022 for the AY 2020-21 with CIT(A)
- Tax disputeISL VS UT,ChandigarhSince 14 Nov 2023Appeal is pending with the Appellate AuthorityAt the filing before: Demand due to C Form Pendency of FY 15-16. Case currently pending at DETC Appeal. Amount involved is Rs. 1.39 lakhs
- Tax disputeState of Bihar Through Deputy Commissioner State TaxSince 4 Dec 2023Matter is assessed, and a penalty of 40000 has been imposedAt the filing before: Demand on account of reconciliation. Matter pending with Additional Commissioner, Bihar. Amount involved is Rs. 5.02 lakhs
- Tax disputeISLL Vs State of Punjab Thru Deputy commissioner of State TaxSince 20 Jul 2024Matter pending with Joint CommissionerAt the filing before: Demand amounting to Rs. 14.85 lakhs on issue pertaining to ISD. Matter currently pending at JC Punjab (Appeals).
- Tax disputeISLL Vs State of Punjab Thru Deputy commissioner of State TaxSince 8 Nov 2024Matter pending with Joint CommissionerAt the filing before: Demand amounting to Rs. 8.92 lakhs on input credit taken on Repair & Maintenance of Machinery. Matter currently pending at JC Punjab (Appeals)
- Tax disputeISLL VS Commissioner (CGST)Since 2 Mar 2026Appeal is pending with the Appellate AuthorityAt the filing before: Demand amounting to Rs. 277.47 lakhs on input credit taken on R&D Services. Matter currently pending at Tribunal
- Tax disputeINCOME TAX DEPARTMENTSince 2 Mar 2026
Demand is 30.47 crores against the addition made by Assessing officer for the AY 2023-24 and company is in Appeal against the order- Vide appeal acknowledgement No 491938850020326 for the AY 2023-24 with CIT(A)MoreLess
- Tax disputeINCOME TAX DEPARTMENTSince 12 May 2025Income tax department moved to Hon'able High Court against the order for the AY 2017-18 passed by the ITAT dated 4-6-2024.
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
- Yes
- 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 Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesAug 2024, checked by CARE RATINGS LIMITED | 255.61 | Expansion of Business of the Company or the Wholly Owned Subsidiaries | 150.00 | 109.77 | No |
| Preferential IssuesAug 2024, checked by CARE RATINGS LIMITED | 255.61 | Investment in existing or to be acquired Subsidiaries | 50.00 | 27.47 | No |
| Preferential IssuesAug 2024, checked by CARE RATINGS LIMITED | 255.61 | Working Capital for existing business | 39.60 | 39.60 | No |
| Preferential IssuesAug 2024, checked by CARE RATINGS LIMITED | 255.61 | General Corporate Purpose | 75.00 | 75.00 | No |