Setco Automotive logo

Setco Automotive MD, chairman, board of directors and AGM

NSE: SETCOBSE: 505075Auto ComponentsSmall Cap

Last close ₹15.61down ₹0.82 (4.99%)BSE ₹16.05

Share price at the NSE close on 23 Oct 2026. Previous close ₹16.43.

52-week range of traded prices to 23 Oct 2026
₹11.56Low, 29 Jan 2026₹28.62High, 1 Jun 2026
Market cap
₹209 Cr2,238th largest listed
P/E
No recent results
P/B
No recent results
Dividend yield
83.28%
Volume, NSE
87,58087.0% delivered

Setco Automotive board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorHARISH KIRITBHAI SHETHRelated to the promoter
  • Company Secretary and Compliance OfficerAditi Pai

6 directors3 independent3 executive

  • HARISH KIRITBHAI SHETH · Chairperson and managing directorExecutive · joined May 1982 · reappointed Jan 2021 · 1 listed board · 1 committee seat
  • UDIT HARISH SHETHExecutive · joined Jun 2008 · reappointed May 2023 · 1 listed board · 1 committee seat
  • URJA HARSHAL SHAHExecutive · joined Sep 2015 · reappointed Nov 2020 · 1 listed board · 1 committee seat
  • SURESH SHANBHOGUEIndependent · joined Nov 2024 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • VIJAY KALRAIndependent · joined Nov 2024 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • ALOK PARASHARIndependent · joined Jan 2025 · 60 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

    • 26 May 20266 of 6 present3 independent · 4 days in between
    • 21 May 20266 of 6 present3 independent · 53 days in between
    • 28 Mar 20266 of 6 present3 independent · 4 days in between
    • 23 Mar 20266 of 6 present3 independent · 2 days in between
    2 earlier meetings
    • 20 Mar 20266 of 6 present3 independent · 34 days in between
    • 13 Feb 20266 of 6 present3 independent

  • Audit Committee

    Chair VIJAY KALRA

    UDIT HARISH SHETH, SURESH SHANBHOGUE, ALOK PARASHAR

    • 26 May 20264 of 4 present3 independent · 4 days in between
    • 21 May 20264 of 4 present3 independent · 53 days in between
    • 28 Mar 20264 of 4 present3 independent
    • 23 Mar 20264 of 4 present3 independent
    2 earlier meetings
    • 20 Mar 20264 of 4 present3 independent
    • 13 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair VIJAY KALRA

    SURESH SHANBHOGUE, ALOK PARASHAR

    • 13 Feb 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair SURESH SHANBHOGUE

    URJA HARSHAL SHAH, HARISH KIRITBHAI SHETH

    • 13 Feb 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair URJA HARSHAL SHAH

    UDIT HARISH SHETH, VIJAY KALRA, SURESH SHANBHOGUE

    No meeting listed in the filing.

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 Dec 2025.

  • Sharp & Tannan AssociatesPeer-review certificate valid to Apr 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Setco Automotive 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.Setco Automotive dividend history

Annual general meeting, 30 Sep 2026

30,360 shareholders on the register on 23 Sep 2026; present: 5 promoters and 32 others; votes counted by Shravan A. Gupta / Shravan A. Gupta & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt; (a) The audited standalone annual financial statements of the Company for the financial year ended March 31, 2026 together with the Reports of Board of Directors and Auditors thereon; and (b) The audited consolidated annual financial statements of the Company for the financial year ended March 31, 2026 and together with the Report of Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 57.99% · promoters 97.22% · institutions 0.00% · other public 0.94%

  2. To appoint a director in place of Mrs. Urja Shah (DIN: 02675341), who retires by rotation and being eligible, offers herself for re-appointment
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 57.99% · promoters 97.22% · institutions 0.00% · other public 0.94%

  3. Re-appointment and remuneration of Mr. Harish Kiritbhai Sheth (DIN: 01434459) as Chairman and Managing Director of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 57.99% · promoters 97.22% · institutions 0.00% · other public 0.94%

  4. Re-appointment and remuneration of Mr. Udit Harish Sheth (DIN: 00187221) as Vice Chairman and Executive Director of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 57.99% · promoters 97.22% · institutions 0.00% · other public 0.94%

  5. Re-appointment and remuneration of Mrs. Urja Harshal Shah (DIN: 02675341) as Executive Director of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 57.99% · promoters 97.22% · institutions 0.00% · other public 0.94%

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, 25 Apr 2026, 4 resolutions

29,083 shareholders on the register on 17 Apr 2026; present: 7 promoters and 35 others; votes counted by Shravan A. Gupta / Shravan A. Gupta & Associates.The company's voting result (opens in a new tab)

  1. To approve the Transaction and authorisation for finalisation and execution of the Transaction Documents
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 8.32% · promoters 0.00% · institutions 0.00% · other public 20.43%

  2. To approve disposal of equity shares held in Setco Auto Systems Private Limited, a material subsidiary of the Company
    SpecialPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 8.32% · promoters 0.00% · institutions 0.00% · other public 20.43%

  3. To approve alteration of the Object Clause of the Memorandum of Association of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 67.57% · promoters 100.00% · institutions 0.00% · other public 20.43%

  4. To approve the change of name of the Company and consequent alteration in the Memorandum of Association and the Articles of Association
    Special
    100.00% for0.00% against

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

    Turnout: all 67.57% · promoters 100.00% · institutions 0.00% · other public 20.43%

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, 25 Sep 2025, 7 resolutions

30,308 shareholders on the register on 17 Sep 2025; present: 7 promoters and 36 others; votes counted by Shravan A. Gupta / Shravan A. Gupta & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt; (a) The audited standalone annual financial statements of the Company for the financial year ended March 31, 2025 together with the Reports of Board of Directors and Auditors thereon; and (b) The audited consolidated annual financial statements of the Company for the financial year ended March 31, 2025 and together with the Report of Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 59.61% · promoters 100.00% · institutions 0.00% · other public 0.87%

  2. To appoint a director in place of Mr. Udit Sheth (DIN: 00187221), 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 0.91%

    Turnout: all 57.54% · promoters 96.51% · institutions 0.00% · other public 0.87%

  3. Re-Appointment of M/s. Sharp & Tannan Associates, Chartered Accountants, as statutory auditors of the Company:
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.00%

    Turnout: all 59.61% · promoters 100.00% · institutions 0.00% · other public 0.87%

  4. To appoint M/s. Shravan A. Gupta & Associates as Secretarial Auditor for a term of Five (5) consecutive years and to fix their remuneration:
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.87%

    Turnout: all 59.61% · promoters 100.00% · institutions 0.00% · other public 0.87%

  5. Appointment of Mr. Vijay Kalra (DIN: 07217974) as a Director and as an Independent Director of the Company:
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.88%

    Turnout: all 59.61% · promoters 100.00% · institutions 0.00% · other public 0.87%

  6. Appointment of Dr. Suresh Shanbhogue (DIN: 00517958) as a Director and as an Independent Director of the Company:
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.88%

    Turnout: all 59.61% · promoters 100.00% · institutions 0.00% · other public 0.87%

  7. Appointment of Mr. Alok Shyamkrishna Parashar (DIN: 06722651) as a Director and as an Independent Director of the Company:
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.96%

    Turnout: all 59.61% · promoters 100.00% · institutions 0.00% · other public 0.87%

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, 25 May 2025, 7 resolutions

30,308 shareholders on the register on 17 Sep 2025; present: 7 promoters and 36 others; votes counted by Shravan A. Gupta / Shravan A. Gupta & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt; (a) The audited standalone annual financial statements of the Company for the financial year ended March 31, 2025 together with the Reports of Board of Directors and Auditors thereon; and (b) The audited consolidated annual financial statements of the Company for the financial year ended March 31, 2025 and together with the Report of Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 59.61% · promoters 100.00% · institutions 0.00% · other public 0.87%

  2. To appoint a director in place of Mr. Udit Sheth (DIN: 00187221), 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 0.91%

    Turnout: all 57.54% · promoters 96.51% · institutions 0.00% · other public 0.87%

  3. Re-Appointment of M/s. Sharp & Tannan Associates, Chartered Accountants, as statutory auditors of the Company:
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.00%

    Turnout: all 59.61% · promoters 100.00% · institutions 0.00% · other public 0.87%

  4. To appoint M/s. Shravan A. Gupta & Associates as Secretarial Auditor for a term of Five (5) consecutive years and to fix their remuneration:
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.87%

    Turnout: all 59.61% · promoters 100.00% · institutions 0.00% · other public 0.87%

  5. Appointment of Mr. Vijay Kalra (DIN: 07217974) as a Director and as an Independent Director of the Company:
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.88%

    Turnout: all 59.61% · promoters 100.00% · institutions 0.00% · other public 0.87%

  6. Appointment of Dr. Suresh Shanbhogue (DIN: 00517958) as a Director and as an Independent Director of the Company:
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.88%

    Turnout: all 59.61% · promoters 100.00% · institutions 0.00% · other public 0.87%

  7. Appointment of Mr. Alok Shyamkrishna Parashar (DIN: 06722651) as a Director and as an Independent Director of the Company:
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.96%

    Turnout: all 59.61% · promoters 100.00% · institutions 0.00% · other public 0.87%

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, 28 Sep 2024, 2 resolutions

Present: 7 promoters and 34 others.The company's voting result (opens in a new tab)

  1. 1.tTo receive, consider and adopt;nn(a) tThe audited standalone annual financial statements of the Company for the financial year ended March 31, 2024 together with the Reports of Board of Directors and Auditors thereon; andn(b) tThe audited consolidated annual financial statements of the Company for the financial year ended March 31, 2024 and together with the Report of Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 59.90% · promoters 100.00% · institutions 0.00% · other public 1.60%

  2. 2.tTo appoint a director in place of Mr. Harish Sheth (DIN:01434459), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.33%

    Turnout: all 59.90% · promoters 100.00% · institutions 0.00% · other public 1.60%

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, 18 May 2024, 5 resolutions

Present: 5 promoters and 30 others.The company's voting result (opens in a new tab)

  1. Approval for creation of security under Section 180(1)(a) of the Companies Act, 2013.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 59.44% · promoters 100.00% · institutions 0.00% · other public 0.47%

  2. To Approval for extending loans, providing guarantees or giving securities for loans taken by any person or body corporate under Section 186 of the Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 59.44% · promoters 100.00% · institutions 0.00% · other public 0.47%

  3. To Approval for extending loans, providing guarantees or giving securities under Section 185 of the Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 59.44% · promoters 100.00% · institutions 0.00% · other public 0.47%

  4. To Approval in respect of related party transactions to be entered into inter se between the group companies
    OrdinaryPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 0.19% · promoters 0.00% · institutions 0.00% · other public 0.47%

  5. Approval of issuance of share warrants by SASPL and consequent dilution
    Special
    100.00% for0.00% against

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

    Turnout: all 59.44% · promoters 100.00% · institutions 0.00% · other public 0.47%

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, 27 Sep 2023, 5 resolutions

Present: 6 promoters and 45 others.The company's voting result (opens in a new tab)

  1. Adoption of standalone and consolidated Audited Financial Statements of the Company for the financial year ended March 31, 2023 together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.32%

    Turnout: all 59.70% · promoters 100.00% · institutions 0.00% · other public 1.11%

  2. To appoint a director in place of Mrs. Urja Harshal Shah (DIN: 02675341), who retires by rotation and being eligible, offers herself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.61%

    Turnout: all 59.69% · promoters 99.97% · institutions 0.00% · other public 1.11%

  3. To re-appoint Mr. Harish Kiritbhai Sheth (DIN: 01434459) as Chairman and Managing Director
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.81%

    Turnout: all 57.49% · promoters 96.27% · institutions 0.00% · other public 1.11%

  4. To re-appoint Mr. Udit Harish Sheth (DIN: 00187221) as Vice Chairman and Executive Director
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.66%

    Turnout: all 57.64% · promoters 96.51% · institutions 0.00% · other public 1.11%

  5. To re-appoint Mrs. Urja Harshal Shah (DIN: 02675341) as Executive Director
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.66%

    Turnout: all 56.50% · promoters 94.59% · institutions 0.00% · other public 1.11%

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 2022, 3 resolutions

Present: 6 promoters and 58 others.The company's voting result (opens in a new tab)

  1. Adoption of standalone and consolidated Audited Financial Statements of the Company for the financial year ended March 31, 2022 together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 59.74% · promoters 100.00% · institutions 0.00% · other public 1.21%

  2. To appoint a director in place of Mr. Udit Sheth (DIN: 00187221), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 59.74% · promoters 100.00% · institutions 0.00% · other public 1.21%

  3. Appointment of M/s. Sharp & Tannan Associates, Chartered Accountants, as statutory auditors of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 59.74% · promoters 100.00% · institutions 0.00% · other public 1.21%

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.

Fines and tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyBSE LimitedSince 30 Jun 2026

    Fine of Rs. 171100 imposed

    Regulation 33 - Non-submission of the financial results within the period prescribed under this regulation
  • Fine or penaltyNational Stock Exchange of India LimitedSince 30 Jun 2026

    Fine of Rs. 171100 imposed

    Regulation 33 - Non-submission of the financial results within the period prescribed under this regulation
  • Tax disputeIncome Tax DepartmentSince 1 Aug 2023
    The communication window with the CIT(A) has been enabled. No further notice received.
    At the filing before: First Appeal Proceedings against order u/s 154 of the Act to claim product development expense as revenue expense instead of capital expense (25%)
  • Tax disputeIncome Tax DepartmentSince 15 Jun 2023
    Reply submitted to keep the proceedings in abeyance till completion of appeal proceedings
    At the filing before: Penalty Proceedings under section 271(1)(c) of the Act
  • Tax disputeIncome Tax DepartmentSince 8 Feb 2021
    Written submission given, hearing pending.
    At the filing before: First Appeal Proceedings against order u/s 143(3) r.w.s 144B of the Act. Appeal is preferred as disallowance u/s 14A amounting to 4,22,85,734 for dividend income earned by company
  • Tax disputeIncome Tax DepartmentSince 13 Jan 2020
    Reply submitted to keep the proceedings in abeyance till completion of appeal proceedings
    At the filing before: Penalty Proceedings under section 271(1)(c) of the Act
  • Tax disputeIncome Tax DepartmentSince 27 Oct 2021
    Written submission given, hearing pending.
    At the filing before: First Appeal Proceedings against order u/s 143(3) r.w.s 144B of the Act. Appeal is preferred as addition amounting to 20,32,860 made on account of transfer of goods from non-eligible unit to eligible unit undertaken by company are at Arm Length TransactionMoreLess
  • Tax disputeIncome Tax DepartmentSince 3 May 2021
    Reply submitted to keep the proceedings in abeyance till completion of appeal proceedings
    At the filing before: Penalty Proceedings under section 270A of the Act
8 more
  • Tax disputeIncome Tax DepartmentSince 15 Nov 2022
    All written submission filed.Final order awaited.
    At the filing before: Letter for Enablement of Communication of first Appeal Proceedings against order u/s 143(3) r.w.s 144B of the Act. Appeal is preferred as addition amounting to 15,33,511 made on account of transfer of goods from non-eligible unit to eligible unit undertaken by company are at Arm Length TransactionMoreLess
  • Tax disputeIncome Tax DepartmentSince 15 Oct 2021
    Reply submitted to keep the proceedings in abeyance till completion of appeal proceedings
    At the filing before: Penalty Proceedings under section 270AA of the Act
  • Tax disputeIncome Tax DepartmentSince 30 Sep 2022
    Reply Submitted and no further notice received.
    At the filing before: Proceedings for penalty u/s 270A
  • Tax disputeIncome Tax DepartmentSince 5 Oct 2023
    TPO passed the order making adjustment of Rs. 2,20,53,650 to the Total Income
    At the filing before: Transfer Pricing Proceedings u/s 92CA of the Act
  • Tax disputeGST DeparmentSince 21 May 2025
    Ongoing Litigation
    At the filing before: ASMT-10-Multiple Issues
  • Tax disputeGST DeparmentSince 3 Aug 2024
    We filed a GST appeal on 26th March 2025 against the final GST order received dated on 8th January 2025 with the Commissioner (Appeals), GST & Central Excise, 1st Floor, GST Bhawan, Race Course Circle, Vadodara - 390 007, against a GST demand of Rs. 1.04 crores, a penalty of Rs. 1.04 crores, and the interest thereon.MoreLess
    At the filing before: SCN cum Demand Notice issued under section 74(1) of CGST Act,2017 - GST not paid on Corporate Guarantee provided by Company to related parties and not discharged GST liability on expenditure in foreign currency - GST demand of Rs. 2.55 CroresMoreLess
  • Tax disputeGST DeparmentSince 15 Nov 2023
    Appeal filed on 23-03-2023
    At the filing before: Appeal -Wrongly availment of ITC mentioned in Trans-1 form
  • Tax disputeGST DeparmentSince 29 Sep 2025
    Appeal filed on 28-03-2026
    At the filing before: Appeal-Excess ITC availed in GSTR-3B than paid in GSTR-3B for Reverse Charge Mechanism

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

None open at any 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.