IOL Chemicals and Pharmaceuticals logo

IOL Chemicals and Pharmaceuticals MD, chairman, board of directors and AGM

NSE: IOLCPBSE: 524164Pharmaceuticals & BiotechnologySmall Cap

Last close ₹164.14down ₹7.22 (4.21%)BSE ₹163.40

Share price at the NSE close on 23 Oct 2026. Previous close ₹171.36.

52-week range of traded prices to 23 Oct 2026
₹67.19Low, 16 Mar 2026₹224.00High, 7 Oct 2026
Market cap
₹4,818 Cr1,024th largest listed
P/E
28.7
P/B
2.7
Dividend yield
0.61%
ROE
9.6%
ROCE
11.8%
Debt to equity
0.07
Volume, NSE
31,10,55637.2% delivered

IOL Chemicals and Pharmaceuticals 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

  • ChairpersonRajender Mohan Malla
  • Managing directorVarinder Gupta
  • Company Secretary and Compliance OfficerAbhay Raj Singh

8 directors4 independent4 executive

  • Rajender Mohan Malla · ChairpersonIndependent · joined Feb 2019 · reappointed Feb 2022 · 88 months as independent · 5 listed boards · 5 as independent · 7 committee seats, 4 as chair
  • Varinder Gupta · Managing directorExecutive · joined Nov 1986 · reappointed Sep 2023 · 1 listed board
  • Vikas GuptaExecutive · joined May 2015 · reappointed May 2025 · 1 listed board · 1 committee seat
  • Abhiraj GuptaExecutive · joined Apr 2023 · reappointed Apr 2023 · 1 listed board
  • Kushal Kumar RanaExecutive · joined Jun 2021 · reappointed Jun 2024 · 1 listed board · 1 committee seat
  • Harpal SinghIndependent · joined Feb 2019 · reappointed Feb 2022 · 88 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Sharad TyagiIndependent · joined May 2022 · reappointed May 2022 · 49 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair
  • Rajni JhaIndependent · joined Oct 2024 · reappointed Oct 2024 · 20 months as independent · 1 listed board · 1 as independent · 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.

Committees and meetings

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

  • Board

    • 20 May 20268 of 8 present4 independent · 97 days in between
    • 11 Feb 20268 of 8 present4 independent

  • Audit Committee

    Chair Harpal Singh

    Sharad Tyagi, Rajni Jha, Kushal Kumar Rana

    • 20 May 20264 of 4 present3 independent · 97 days in between
    • 11 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Harpal Singh

    Rajender Mohan Malla, Sharad Tyagi

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Sharad Tyagi

    Vikas Gupta, Rajni Jha

    • 20 May 20263 of 3 present2 independent · 97 days in between
    • 11 Feb 20263 of 3 present2 independent

  • Risk Management Committee

    Chair Harpal Singh

    Kushal Kumar Rana, Abhiraj Gupta, Sharad Tyagi, Pardeep Kumar Khanna

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Rajender Mohan Malla

    Vikas Gupta, Harpal Singh, Abhiraj Gupta, Sharad Tyagi

    • 20 May 20265 of 5 present3 independent · 97 days in between
    • 11 Feb 20265 of 5 present3 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 Jun 2026.

  • M/s. Ashwani & Associates, Chartered AccountantsPeer-review certificate valid to Jan 2029
1 earlier auditor
  • M/s Ashwani & AssociatesNamed in filings from Mar 2025 to Dec 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.

IOL Chemicals and Pharmaceuticals 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.IOL Chemicals and Pharmaceuticals dividend history

Annual general meeting, 2 Sep 2026

1,30,410 shareholders on the register on 26 Aug 2026; present: 5 promoters and 87 others; votes counted by Mr Vinay Kohli / K K Kapoor and Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone and Consolidated Audited Financial Statements of the Company for the financial year ended 31st March 2026 together with 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 0.03%

    Turnout: all 67.15% · promoters 100.00% · institutions 73.40% · other public 0.21%

  2. To appoint a director in place of Mr.Kushal Kumar Rana(DIN: 09189020), who retires by rotation and beingeligible, offers himself for reappointment
    Ordinary
    93.43% for6.57% against

    Against: promoters 0.00% · institutions 91.34% · other public 1.40%

    Turnout: all 67.17% · promoters 100.00% · institutions 73.82% · other public 0.21%

  3. To ratify the remuneration of the Cost Auditor for thefinancial year ending 31st March 2027
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.37%

    Turnout: all 67.17% · promoters 100.00% · institutions 73.82% · 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, 22 Aug 2025, 5 resolutions

1,27,842 shareholders on the register on 15 Aug 2025; present: 5 promoters and 91 others; votes counted by Mr Vinay Kohli / K K Kapoor and Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone and Consolidated Audited Financial Statements of the Company for the financial year ended 31st March 2025 together with Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 61.41% · promoters 96.13% · institutions 56.48% · other public 21.40%

  2. To appoint a director in place of Mr. Abhiraj Gupta (DIN: 08204917), who retires by rotation and being eligible, offers himself for reappointment.
    OrdinaryPromoters have an interest in it
    98.32% for1.68% against

    Against: promoters 0.00% · institutions 89.59% · other public 0.16%

    Turnout: all 61.43% · promoters 96.13% · institutions 57.44% · other public 21.40%

  3. To re-appoint Mr Vikas Gupta (DIN: 07198109) as Joint Managing Director of the Company for a period of 5 years
    SpecialPromoters have an interest in it
    98.22% for1.78% against

    Against: promoters 0.00% · institutions 95.16% · other public 0.14%

    Turnout: all 61.43% · promoters 96.13% · institutions 57.44% · other public 21.40%

  4. To appoint B.K. Gupta and Associates, Practising Company Secretaries as the Secretarial Auditor of the Company for a term of 5 years
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 61.43% · promoters 96.13% · institutions 57.44% · other public 21.40%

  5. To ratify the remuneration of the Cost Auditor for the financial year ending 31st March 2026
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 61.43% · promoters 96.13% · institutions 57.44% · other public 21.40%

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, 31 Jan 2025, 1 resolution

1,25,577 shareholders on the register on 27 Dec 2024; votes counted by Mr Vinay Kohli / K K Kapoor and Associates.The company's voting result (opens in a new tab)

  1. Sub-division / split of 1 (One) Equity Share having face value of Rs. 10/- (Rupees Ten only) each, fully paid up, into 5 (Five) Equity Shares having face value of Rs. 2/- (Rupee Two only) each, fully paid-up and consequent alteration to the Memorandum of Association of the CompanyMoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 63.75% · promoters 100.00% · institutions 57.96% · other public 22.30%

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, 12 Dec 2024, 1 resolution

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

  1. Appointment of Ms. Rajni Jha (DIN: 10818947) as Independent Director of the Company
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.30%

    Turnout: all 59.13% · promoters 100.00% · institutions 57.98% · other public 19.63%

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, 23 Aug 2024, 6 resolutions

Present: 5 promoters and 75 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the standalone and consolidated Audited Financial Statements of the Company for the financial year ended 31st March 2024 together with 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 0.00%

    Turnout: all 63.42% · promoters 100.00% · institutions 59.87% · other public 28.32%

  2. To appoint a director in place of Mr. Vikas Gupta, who retires by rotation and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    98.45% for1.55% against

    Against: promoters 0.00% · institutions 89.76% · other public 0.15%

    Turnout: all 63.44% · promoters 100.00% · institutions 60.95% · other public 28.32%

  3. To re-appoint Mr Kushal Kumar Rana as Director (Works) of the Company.
    Special
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 9.09% · other public 0.00%

    Turnout: all 63.43% · promoters 100.00% · institutions 60.95% · other public 28.32%

  4. To approve increase in overall borrowing limits of the Company
    Special
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 7.15% · other public 0.01%

    Turnout: all 63.44% · promoters 100.00% · institutions 60.95% · other public 28.32%

  5. To approve creation of charges on the immovable/ movable assets of the Company
    Special
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 7.15% · other public 0.00%

    Turnout: all 63.44% · promoters 100.00% · institutions 60.95% · other public 28.32%

  6. To ratify the remuneration of the Cost Auditor for the financial year ending 31st March 2025
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 63.44% · promoters 100.00% · institutions 60.95% · other public 28.32%

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, 10 Aug 2023, 5 resolutions

Present: 8 promoters and 51 others.The company's voting result (opens in a new tab)

  1. To receive,consider and adopt the audited standalone and consolidated Audited Financial Statements of the Company for the financial year ended 31st March 2023 together with Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 62.20% · promoters 95.77% · institutions 67.64% · other public 28.88%

  2. To appoint a Director in place of Mr Kushal Kumar Rana, who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.39% · other public 0.13%

    Turnout: all 62.22% · promoters 95.77% · institutions 68.31% · other public 28.88%

  3. To re-appoint M/s. Ashwani & Associates (Firm Registration No.000497N), Chartered Accountants as Statutory Auditors of the Company
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 62.22% · promoters 95.77% · institutions 68.31% · other public 28.88%

  4. To re-appoint Mr. Varinder Gupta as Managing Director of the Company.
    SpecialPromoters have an interest in it
    98.68% for1.32% against

    Against: promoters 0.00% · institutions 41.84% · other public 0.13%

    Turnout: all 62.22% · promoters 95.77% · institutions 68.31% · other public 28.88%

  5. To ratify the remuneration of the Cost Auditor for the financial year ending 31st March 2024
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 62.22% · promoters 95.77% · institutions 68.31% · other public 28.88%

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, 11 May 2023, 2 resolutions

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

  1. Appointment of Mr Abhiraj Gupta as Executive Director of the Company
    SpecialPromoters have an interest in it
    99.39% for0.61% against

    Against: promoters 0.00% · institutions 17.42% · other public 0.02%

    Turnout: all 62.48% · promoters 95.77% · institutions 82.22% · other public 28.77%

  2. Variation in the terms of appointment of Mr Vikas Gupta, Executive Director of the Company
    SpecialPromoters have an interest in it
    97.20% for2.80% against

    Against: promoters 0.00% · institutions 80.10% · other public 0.02%

    Turnout: all 62.48% · promoters 95.77% · institutions 82.22% · other public 28.77%

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, 26 Aug 2022, 5 resolutions

Present: 8 promoters and 50 others.The company's voting result (opens in a new tab)

  1. To consider and adopt (a) the audited standalone financial statement of the Company for the financial year ended 31st March 2022 and the reports of the Board of Directors and Auditors thereon; and (b) the audited consolidated financial statement of the Company for the financial year ended 31st March 2022 and the report of Auditors thereon.MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 64.62% · promoters 100.00% · institutions 81.42% · other public 34.88%

  2. To appoint a director in place of Mr. Vikas Gupta, who retires by rotation and being eligible, offers himself for reappointment.
    OrdinaryPromoters have an interest in it
    98.27% for1.73% against

    Against: promoters 0.00% · institutions 85.93% · other public 0.10%

    Turnout: all 61.55% · promoters 95.33% · institutions 44.19% · other public 34.88%

  3. To appoint Mr Sharad Tyagi as Independent Director of the Company.
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 64.63% · promoters 100.00% · institutions 82.11% · other public 34.88%

  4. To appoint Dr Sanjay Chaturvedi as Executive Director & CEO of the Company.
    Special
    99.07% for0.93% against

    Against: promoters 0.00% · institutions 25.76% · other public 0.10%

    Turnout: all 64.63% · promoters 100.00% · institutions 82.11% · other public 34.88%

  5. To ratify the remuneration of the Cost Auditor for the financial year ending 31st March 2023.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 64.63% · promoters 100.00% · institutions 82.11% · other public 34.88%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 22 Aug 2025, 2 fund houses

  • To receive, consider and adopt the Standalone and Consolidated Audited Financial Statements of the Company for the financial year ended 31st March 2025 together with Reports of the Board of Directors and Auditors thereon.MoreLess
    2 for0 against
  • To appoint a director in place of Mr. Abhiraj Gupta (DIN: 08204917), who retires by rotation and being eligible, offers himself for reappointment.
    2 for0 against
  • To re-appoint Mr Vikas Gupta (DIN: 07198109) as Joint Managing Director of the Company for a period of 5 years
    2 for0 against
  • To appoint B.K. Gupta and Associates, Practising Company Secretaries as the Secretarial Auditor of the Company for a term of 5 years
    2 for0 against
  • To ratify the remuneration of the Cost Auditor for the financial year ending 31st March 2026
    2 for0 against

Mutual fund votes, meeting of 31 Jan 2025, 2 fund houses

  • Sub-division / split of 1 (One) Equity Share having face value of Rs. 10/- (Rupees Ten only) each, fully paid up, into 5 (Five) Equity Shares having face value of Rs. 2/- (Rupee Two only) each, fully paid-up and consequent alteration to the Memorandum of Association of the CompanyMoreLess
    2 for0 against
5 earlier meetings

Mutual fund votes, meeting of 12 Dec 2024, 2 fund houses

  • Appointment of Ms. Rajni Jha (DIN: 10818947) as Independent Director of the Company
    2 for0 against

Mutual fund votes, meeting of 23 Aug 2024, 3 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt the standalone and consolidated Audited Financial Statements of the Company for the financial year ended 31st March 2024 together with Reports of the Board of Directors and Auditors thereon.MoreLess
    3 for0 against
  • To appoint a director in place of Mr. Vikas Gupta, who retires by rotation and being eligible, offers himself for re-appointment
    3 for0 against
  • To re-appoint Mr Kushal Kumar Rana as Director (Works) of the Company.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on merit of appointee. Transparency concern: No clarity on terms of appointment u/s 152 of Companies Act, 2013.
    0 for3 against
  • To approve increase in overall borrowing limits of the Company
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual FundCompliant with law. Governance Concern: Majority of the borrowing limit is unutilized and absence of specific reasons for the proposed increase.
    • Motilal Oswal Mutual FundCompliant with law. No concern on merit of appointee. Transparency concern: No clarity on terms of appointment u/s 152 of Companies Act, 2013.
    0 for3 against
  • To ratify the remuneration of the Cost Auditor for the financial year ending 31st March 2025
    3 for0 against
1 proposal not matched to one resolution
  • To mortgage, pledge, charge, hypothecate and/ or create security interest of every nature and kind whatsoever as may be necessary on such of the moveable or immoveable assets and properties of the Company wherever situated, both present and future, including where such assets and properties constitute the whole or substantially the whole of the undertaking of the Company, in such manner as the Board may direct, to or in favour of financial institutions, investment institutions and their subsidiaries, banks, mutual funds, trusteeship companies, trusts, other bodies corporate (hereinafter referred to as the Lending Agencies) and trustees for the holders of debentures / bonds and/or other instruments which may be issued on private placement basis or otherwise, to secure the due payment of the principal together with interest, premium on pre-payment or on redemption, costs, charges, expenses and all other monies payable by the Company or any third party in respect of borrowings availed of from such Lending Agencies within the overall ceiling of Rs. 1,000 Crore.MoreLess
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Majority of the borrowing limit is unutilized and absence of specific reasons for the proposed increase.
    0 for3 against

Mutual fund votes, meeting of 10 Aug 2023, 1 fund house

  • To receive,consider and adopt the audited standalone and consolidated Audited Financial Statements of the Company for the financial year ended 31st March 2023 together with Reports of the Board of Directors and Auditors thereon.MoreLess
    1 for0 against
  • To appoint a Director in place of Mr Kushal Kumar Rana, who retires by rotation and being eligible, offers himself for re-appointment
    1 for0 against
  • To re-appoint M/s. Ashwani & Associates (Firm Registration No.000497N), Chartered Accountants as Statutory Auditors of the Company
    1 for0 against
  • To re-appoint Mr. Varinder Gupta as Managing Director of the Company.
    1 for0 against
  • To ratify the remuneration of the Cost Auditor for the financial year ending 31st March 2024
    1 for0 against

Mutual fund votes, meeting of 11 May 2023, 1 fund house

  • Appointment of Mr Abhiraj Gupta as Executive Director of the Company
    1 for0 against
  • Variation in the terms of appointment of Mr Vikas Gupta, Executive Director of the Company
    1 for0 against

Mutual fund votes, meeting of 26 Aug 2022, 1 fund house

  • To consider and adopt (a) the audited standalone financial statement of the Company for the financial year ended 31st March 2022 and the reports of the Board of Directors and Auditors thereon; and (b) the audited consolidated financial statement of the Company for the financial year ended 31st March 2022 and the report of Auditors thereon.MoreLess
    1 for0 against
  • To appoint a director in place of Mr. Vikas Gupta, who retires by rotation and being eligible, offers himself for reappointment.
    1 for0 against
  • To appoint Mr Sharad Tyagi as Independent Director of the Company.
    1 for0 against
  • To appoint Dr Sanjay Chaturvedi as Executive Director & CEO of the Company.
    1 for0 against
  • To ratify the remuneration of the Cost Auditor for the financial year ending 31st March 2023.
    1 for0 against

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

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeUNION OF INDIA & ORS. / COMMISSIONER OF CUSTOMS, LUDHIANA, PUNJABSince 22 Mar 2021
    Pending for adjudication before Honrable High Court Gujarat. However, the Court vide an interim Order dated 17-10-2024 ordered that during the pendency of this petition, while the proceedings pursuant to the Show-cause notice may continue, no final order shall be passed by the respondent - the Customs Department without permission of this Court.MoreLess
    At the filing before: The issue involves differential customs duty on Denatured Ethyl Alcohol imported by the Company. A writ petition has been filed by Company before High Court of Gujarat to challenge the same. Further, during the pendency of this writ petition, a Show Cause Notice dated 28.06.2022 was issued by Customs, Ludhiana to explain why should a duty short paid of Rs 10.95 Crore not be demanded by denying the concessional duty. The Company also submits its detailed reply to the said SCN.MoreLess
  • Tax disputeAdditional Commissioner of Customs, KandlaSince 8 May 2026
    The Company has filed an appeal under Section 128 of the Customs Act, 1962 before the Commissioner (Appeals), Ahmedabad against Order-in-Original No. KDL/ADC/MR/13/2026-27 dated 08.05.2026 passed by the Additional Commissioner of Customs, Kandla. The appeal has been registered as Appeal No. 28/CUS/KDL/JUNE/2026-27 dated 18.06.2026 and is currently pending for adjudication before the Commissioner (Appeals), Ahmedabad.MoreLess
    At the filing before: The Company has received an Order-In-Original (O-I-O) confirming demand of differential Customs duty of Rs.27,97,398/-, along with interest, penalty of Rs. 27,97,398/- under Section 114A of the Customs Act, 1962, additional penalty of Rs. 100,00,000/- under section 114AA of Customs Act, 1962 along with redemption fine of Rs. 50,00,000/- aggregating to Rs.2,05,94,796/- alleging incorrectly availed ASEAN-India FTA exemption by using Certificates of Origin not conforming to the prescribed format under Notification No. 46/2011-Customs read with ASEAN-India FTA Rules of Origin.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 Dec 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
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.