SML Mahindra logo

SML Mahindra MD, chairman, board of directors and AGM

NSE: SMLMAHBSE: 505192Agricultural, Commercial & Construction VehiclesSmall Cap

Formerly SML Isuzu
Last close ₹4,843.50down ₹107.50 (2.17%)BSE ₹4,847.10

Share price at the NSE close on 23 Oct 2026. Previous close ₹4,951.00.

52-week range of traded prices to 23 Oct 2026
₹2,749.00Low, 21 Nov 2025₹6,898.50High, 23 Sep 2026
Market cap
₹7,009 Cr731st largest listed
P/E
47.7
P/B
12.5
Dividend yield
0.49%
ROE
29.3%
ROCE
35.0%
Debt to equity
0.05
Volume, NSE
1,05,99530.5% delivered

SML Mahindra 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

  • ChairpersonVINOD KUMAR SAHAYRelated to the promoter
  • Company Secretary and Compliance OfficerPARVESH MADAN

6 directors4 independent1 executive1 non-executive

  • VINOD KUMAR SAHAY · ChairpersonExecutive · joined Aug 2025 · 11 months as independent · 1 listed board · 1 committee seat
  • CHANDRA SHEKHAR VERMAIndependent · joined Sep 2019 · reappointed Sep 2024 · 81 months as independent · 5 listed boards · 5 as independent · 5 committee seats, 4 as chair
  • RAVI VENKATRAMANIndependent · joined Aug 2025 · reappointed Aug 2025 · 11 months as independent · 4 listed boards · 4 as independent · 9 committee seats, 5 as chair
  • ARUN KUMAR MALHOTRAIndependent · joined Aug 2025 · reappointed Aug 2025 · 11 months as independent · 2 listed boards · 2 as independent · 4 committee seats
  • SMITA MANKADIndependent · joined Aug 2025 · reappointed Aug 2025 · 11 months as independent · 4 listed boards · 4 as independent · 10 committee seats, 3 as chair
  • MAHIMA CHUGHNon-executive · joined Aug 2025 · 11 months as independent · 1 listed board · 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.

9 directors who left
  • VENKATARAMAN SRINIVAS, left 30 Jun 2026: Others
  • SANJEEV MEHAN, left 1 Aug 2025: Others
  • RYUSUKE MIYAKE, left 1 Aug 2025: Others
  • TAKAHIRO JITOSHO, left 1 Aug 2025: Others
  • TAKASHI SAKUMA, left 1 Aug 2025: Others
  • TOMOYUKI YAMAGUCHI, left 1 Aug 2025: Others
  • YASUSHI NISHIKAWA, left 1 Aug 2025: Others
  • ATIMA KHANNA, left 1 Aug 2025: Others
  • JUNYA YAMANISHI, left 16 Apr 2025: Others

Committees and meetings

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

  • Board

    • 30 Jun 20267 of 7 present4 independent · 19 days in between
    • 10 Jun 20267 of 7 present4 independent · 50 days in between
    • 20 Apr 20267 of 7 present4 independent · 27 days in between
    • 23 Mar 20267 of 7 present4 independent · 65 days in between
    1 earlier meeting
    • 16 Jan 20267 of 7 present4 independent

  • Audit Committee

    Chair RAVI VENKATRAMAN

    ARUN KUMAR MALHOTRA, VINOD KUMAR SAHAY

    • 30 Jun 20263 of 3 present2 independent · 70 days in between
    • 20 Apr 20263 of 3 present2 independent · 27 days in between
    • 23 Mar 20263 of 3 present2 independent · 65 days in between
    • 16 Jan 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair SMITA MANKAD

    RAVI VENKATRAMAN, CHANDRA SHEKHAR VERMA, VINOD KUMAR SAHAY

    • 30 Jun 20264 of 4 present3 independent
    • 10 Jun 20264 of 4 present3 independent · 50 days in between
    • 20 Apr 20264 of 4 present3 independent · 27 days in between
    • 23 Mar 20264 of 4 present3 independent · 65 days in between
    1 earlier meeting
    • 16 Jan 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair CHANDRA SHEKHAR VERMA

    ARUN KUMAR MALHOTRA, MAHIMA CHUGH

    No meeting listed in the filing.

  • Risk Management Committee

    Chair RAVI VENKATRAMAN

    MAHIMA CHUGH

    • 20 Apr 20263 of 3 present1 independent · 93 days in between
    • 16 Jan 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair ARUN KUMAR MALHOTRA

    CHANDRA SHEKHAR VERMA, MAHIMA CHUGH

    • 20 Apr 20263 of 3 present2 independent · 27 days in between
    • 23 Mar 20263 of 3 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • M/s B S R & Co. LLPPeer-review certificate valid to Jul 2028
2 earlier auditors
  • B S R & Co. LLPNamed in the filing for the quarter to Sep 2025
  • Walker Chandiok & Co LLPNamed in the filing for the quarter to Mar 2025

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

SML Mahindra 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.SML Mahindra dividend history

Postal ballot, 6 Sep 2026

37,312 shareholders on the register on 31 Jul 2026; votes counted by Kanwaljit Singh / Kanwaljit Singh Thanewal.The company's voting result (opens in a new tab)

  1. To approve Material Related Party Transaction in connection with the acquisition of the Truck and Bus Division of Mahindra & Mahindra Limited on a slump sale basis
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 13.39% · promoters 0.00% · institutions 67.76% · other public 26.99%

  2. To approve Material Related Party Transactions with Mahindra & Mahindra Limited
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 13.39% · promoters 0.00% · institutions 67.76% · other public 26.99%

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 Jul 2026, 5 resolutions

41,269 shareholders on the register on 14 Jul 2026; present: 1 promoter and 58 others; votes counted by Kanwaljit Singh / Kanwaljit Singh Thanewal.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2026 and the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.89% · promoters 100.00% · institutions 68.95% · other public 27.03%

  2. To declare Final Dividend of Rs. 23.50/- per equity share of the face value of Rs. 10/- each, for the Financial Year ended 31st March, 2026.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.89% · promoters 100.00% · institutions 68.95% · other public 27.03%

  3. Re-appointment of Ms. Mahima Chugh (DIN 07448152), as a Director liable to retire by rotation and being eligible who has offered herself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.89% · promoters 100.00% · institutions 68.95% · other public 27.03%

  4. To approve Material Related Party Transactions with Mahindra & Mahindra Limited, Promoter and Holding Company
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 12.92% · promoters 0.00% · institutions 68.95% · other public 27.03%

  5. To approve payment of remuneration by way of commission to the Independent Directors of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 71.89% · promoters 100.00% · institutions 68.95% · other public 27.03%

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.Funds that hold it

Mutual fund votes, meeting of 6 Sep 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To approve Material Related Party Transaction in connection with the acquisition of the Truck and Bus Division of Mahindra & Mahindra Limited on a slump sale basis
    2 for0 against
  • To approve Material Related Party Transactions with Mahindra & Mahindra Limited
    2 for0 against

Mutual fund votes, meeting of 21 Jul 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2026 and the Reports of the Board of Directors and Auditors thereon.
    2 for0 against
  • To declare Final Dividend of Rs. 23.50/- per equity share of the face value of Rs. 10/- each, for the Financial Year ended 31st March, 2026.
    2 for0 against
  • Re-appointment of Ms. Mahima Chugh (DIN 07448152), as a Director liable to retire by rotation and being eligible who has offered herself for re-appointment.
    2 for0 against
  • To approve Material Related Party Transactions with Mahindra & Mahindra Limited, Promoter and Holding Company
    2 for0 against
  • To approve payment of remuneration by way of commission to the Independent Directors of the Company
    2 for0 against
6 earlier meetings

Mutual fund votes, meeting of 26 Sep 2025, 1 fund house

  • Appointment of Dr. Venkataraman Srinivas (DIN: 11163042) as a Director of the Company, liable to retire by rotation.
    1 for0 against
  • Appointment of Dr. Venkataraman Srinivas (DIN: 11163042) as the Whole-time Director of the Company designated as Executive Director and Chief Executive Officer of the Company commencing from 1st August, 2025 to 31st July, 2028 (both days inclusive), liable to retire by rotation, at a consolidated base remuneration of Rs. 1.40 crores per annum.MoreLess
    1 for0 against
  • Appointment of Mr. Arun Kumar Malhotra (DIN: 00132951) as an Independent Director of the Company, not liable to retire by rotation, to hold office for a term of three (3) consecutive years commencing from 1st August, 2025 to 31st July, 2028 (both days inclusive).MoreLess
    1 for0 against
  • Appointment of Mr. Ravi Venkatraman (DIN: 00307328) as an Independent Director of the Company, not liable to retire by rotation, to hold office for a term of three (3) consecutive years commencing from 1st August, 2025 to 31st July, 2028 (both days inclusive).MoreLess
    1 for0 against
  • Appointment of Mr. Vinod Kumar Sahay (DIN: 07884268) as a Director of the Company, not liable to retire by rotation.
    1 for0 against
  • Appointment of Mr. Vinod Kumar Sahay (DIN: 07884268) as Whole-time Director of the Company for a period of three (3) years commencing from 1st August, 2025 to 31st July, 2028 (both days inclusive), designated as Executive Director w.e.f. 1st August, 2025 and re-designated as Executive Chairman w.e.f. 3rd August, 2025, not liable to retire by rotation, at a consolidated base remuneration of Rs. 1.20 crores per annum.MoreLess
    1 for0 against
  • Appointment of Ms. Mahima Chugh (DIN: 07448152) as a Non-Executive Non-Independent Director of the Company w.e.f. 1st August, 2025, liable to retire by rotation.
    1 for0 against
  • Appointment of Ms. Smita Mankad (DIN: 02009838) as an Independent Director of the Company, not liable to retire by rotation, to hold office for a term of three (3) consecutive years commencing from 1st August, 2025 to 31st July, 2028 (both days inclusive).MoreLess
    1 for0 against
  • To appoint M/s. A. Arora and Co., a proprietorship Company Secretaries firm (FCS No. 2191, C P No. 993), as the Secretarial Auditors of the Company for a term of five (5) consecutive years commencing from Financial Year 2025-26 to Financial Year 2029-30, at such remuneration plus applicable taxes and out of pocket expenses subject to actuals, as may be determined by the Board on the recommendation of Audit Committee.MoreLess
    1 for0 against
  • To appoint M/s B S R and Co. LLP, Chartered Accountants (Firm Registration No.: 101248W/W100022), as the Statutory Auditors of the Company to hold office w.e.f. 2nd August, 2025 till the conclusion of the 41st Annual General Meeting of the Company to fill the casual vacancy caused by the resignation of M/s. Walker Chandiok and Co LLP, Chartered Accountants (Firm Registration No.: 001076N/N500013), at such remuneration plus applicable taxes and out of pocket expenses subject to actuals, as may be mutually agreed between the Board of Directors and the Statutory Auditors.MoreLess
    1 for0 against
  • To appoint M/s B S R and Co. LLP, Chartered Accountants (ICAI Firm Registration No. 101248W/W100022) as the Statutory Auditors of the Company to hold office for five (5) consecutive years from the conclusion of 41st Annual General Meeting (AGM) until the conclusion of the 46th AGM to be held in the year 2030, at such remuneration plus applicable taxes and out of pocket expenses subject to actuals, as may be mutually agreed between the Board of Directors and the Statutory Auditors.MoreLess
    1 for0 against
  • To approve change of name of the Company and consequent alteration in the Memorandum of Association and Articles of Association of the Company from SML Isuzu Limited to SML Mahindra Limited.
    1 for0 against
  • To declare Final Dividend of Rs. 18/- per equity share of the face value of Rs. 10/- each, for the Financial Year ended 31st March, 2025.
    1 for0 against
  • To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2025 and the reports of the Board of Directors and Auditors thereon.
    1 for0 against

Mutual fund votes, meeting of 20 Sep 2024, 1 fund house

  • Appointment of Mr. Sanjeev Mehan (DIN 00224016) as an Independent Director of the Company, not liable to retire by rotation, to hold office for a term of five consecutive years commencing from 22nd September, 2024 to 21st September, 2029 (both days inclusive).MoreLess
    1 for0 against
  • Appointment of Mr. Tomoyuki Yamaguchi (DIN: 10733078) as Non-Executive (Non-Independent) Director of the Company liable to retire by rotation.
    1 for0 against
  • Re-appointment of Mr. Chandra Shekhar Verma, (DIN 00121756) as an Independent Director of the Company, not liable to retire by rotation, to hold office for a second term of five consecutive years commencing from 22nd September, 2024 to 21st September, 2029 (both days inclusive).MoreLess
    1 for0 against
  • To appoint a Director in place of Mr. Ryusuke Miyake (DIN 10569281), who retires by rotation and being eligible offers himself for re-appointment.
    1 for0 against
  • To appoint a Director in place of Mr. Takashi Sakuma (DIN 09113520), who retires by rotation and being eligible, offers himself for re-appointment.
    1 for0 against
  • To declare Final Dividend of Rs. 16/- per equity share of the face value of Rs. 10/- each, for the Financial Year ended 31st March, 2024.
    1 for0 against
  • To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2024 and the reports of the Board of Directors and Auditors thereon.
    1 for0 against

Mutual fund votes, meeting of 27 Jun 2022, 1 fund house

  • Appoint Kazuo Goda (DIN: 07572151) as Non-Executive Non-Independent Director from 5 August 2021, liable to retire by rotation
    1 for0 against
  • Appoint Masaki Morohoshi (DIN: 07302404) as Non-Executive Non-Independent Director from 1 April 2022, liable to retire by rotation
    1 for0 against

Mutual fund votes, meeting of 30 Jul 2021, 1 fund house

  • Adoption of financial statements for the year ended 31 March 2021
    1 for0 against
  • Appoint Junya Yamanishi (DIN 09174162) as Director from 20 May 2021
    1 for0 against
  • Appoint Junya Yamanishi (DIN 09174162) as Managing Director & CEO, for five years from 20 May 2021 and fix his remuneration including minimum remuneration for three years
    1 for0 against
  • Appoint Takuro Horikoshi (DIN 09102449) as Director from 19 May 2021, liable to retire by rotation
    1 for0 against
  • Approve payment of remuneration to Independent Directors in the event of no profits/inadequate profits for three years from FY21 as per regulatory limits
    1 for0 against
  • Reappoint Eiichi Seto (DIN 02704734) as Non-Executive Non-Independent Director, liable to retire by rotation
    1 for0 against
  • Reappoint Gota Iwanami (DIN 08094102) as Non-Executive Non-Independent Director, liable to retire by rotation
    1 for0 against
  • Reappoint Tadanao Yamamoto (DIN 08291307) as Whole-time Director, designated as Director – Quality Assurance for one year from 30 November 2020 and fix his remuneration including minimum remuneration
    1 for0 against

Mutual fund votes, meeting of 24 Aug 2020, 1 fund house

  • Adoption of financial statements for the year ended 31 March 2020
    1 for0 against
  • Appoint Noboru Murakami (DIN: 08803344) as a Non-Executive Non-Independent Director from 21 July 2020
    1 for0 against
  • Appoint Walker Chandiok & Co LLP as statutory auditors for a term of five years and fix their remuneration
    1 for0 against
  • Reappoint Masaki Morohoshi (DIN: 07302404) as a Non-Executive Non-Independent Director
    1 for0 against
  • Reappoint Pankaj Bajaj (DIN: 00337925) as a Non-Executive Non-Independent Director
    1 for0 against

Mutual fund votes, meeting of 30 Sep 2019, 1 fund house

  • Adoption of financial statements for the year ended 31 March 2019
    1 for0 against
  • Appoint Chandra Shekhar Verma (DIN 00121756) as an Independent Director for a period of five years from 22 September 2019
    1 for0 against
  • Appoint Tadanao Yamamoto (DIN 08291307) as an Executive Director liable to retire by rotation with effect from 30 November 2018
    1 for0 against
  • Appoint Tadanao Yamamoto (DIN 08291307) as Director – Quality Assurance for two years from 30 November 2018 and to fix his remuneration
    1 for0 against
  • Approve continuation of Ms. Vasantha S. Bharucha (DIN 02163753) after attaining the age of 75 years on 7 October 2019 till the end of her next term
    1 for0 against
  • Approve continuation of S.K. Tuteja (DIN 00594076) after attaining the age of 75 years on 15 June 2020 till the end of his next term
    1 for0 against
  • Declare final dividend of Rs. 3.0 per equity share (face value Rs. 10.0) for FY19
    1 for0 against
  • Reappoint Gopal Bansal (DIN 06836592) as a Whole-time Director & CFO for a period of two years 11 February 2019 and fix his remuneration
    1 for0 against
  • Reappoint Gota Iwanami (DIN 08094102) as a Non-Executive Non-Independent Director
    1 for0 against
  • Reappoint Kazuo Goda (DIN 07572151) as a Non-Executive Non-Independent Director
    1 for0 against
  • Reappoint Ms. Vasantha S. Bharucha (DIN 02163753) as an Independent Director for a period of five years from 22 September 2019
    1 for0 against
  • Reappoint S.K. Tuteja (DIN 00594076) as an Independent Director for a period of five years from 22 September 2019
    1 for0 against
  • Reappoint Sudhir Nayar (DIN 00200415) as an Independent Director for a period of five years from 22 September 2019
    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 disputeAdditional Commissioner of Income Tax, Range IV-Income Tax Department-Chandigarh.Since 30 Dec 2011
    No change further after the last disclosure.
    At the filing before: Disclosed on stock exchanges on 14.08.2023- The Department has filed an appeal with Hon'ble Punjab & Haryana High court against the Tribunal Order issued in favour of assesse & same is pending for adjudication for the AY 2008-09. Amount involved of Rs 6.2 Crores. Nature of dispute - Addition to Income proposed by AO- on account of disallowance of certain business expenses , valuation of closing stock of WIP ,Interest on utilization of Loan etc.MoreLess
  • Tax disputeAsst. Director of Income Tax, Centralized Processing Centre-Income Tax Department (Bengaluru)Since 4 Nov 2022
    No change further after the last disclosure.
    At the filing before: Disclosed on stock exchanges on 14.08.2023- Appeal filed by assessee with Commissioner of Income Tax (Appeal) & same is pending for adjudication for the AY 2021-22. Amount involved of Rs 5.3 Crores. Nature of dispute- a) Reduction in Loss amount proposed by AO without Justification. b). Addition to Income proposed by AO in respect of date of PF deposit due date wrongly mentioned in Tax audit report.MoreLess
  • Tax disputeAssistant Commissioner, Central Goods & Service Tax GST division, Phagwara (Punjab)Since 29 Sep 2023
    No change further after the last disclosure.
    At the filing before: SCN dated. 29.09.2023, Disclosed on stock exchanges on 30.09.2023- Show Cause Notice has been issued by GST authority proposed Tax demand of Rs 1.75 Crores along with applicable Interest / Penalty. Order Dated. 01.01.2025, Disclosed on stock exchagnes on 02.01.2025- Tax demand confirmed Rs. 1.75 crores along with Penalty of Rs. 1.75 crores and applicable interest vide Order No. 07/GST/AC/PHG/2024-25 dated 01.01.2025 for the period July 17 to December 22. Amount involved of Rs 3.5 Crores. Company will file an appeal before Commissioner (Appeals) On 22.03.2025, the Company has filed an appeal before Commissioner (Appeals). On 29.07.2025- Matter is pending with the Commissioner (Appeals). Nature of dispute- Demand raised on Classification dispute of Spare Parts.MoreLess
  • Tax disputeAdditional Commissioner Central Goods & Services Tax & Central Excise Commissionerate, ChandigarhSince 29 Sep 2023
    On 12.06.2026, the Company has filed an appeal before the Goods and Services Tax Appellate Tribunal(GSTAT), Chandigarh.
    At the filing before: SCN dated. 29.09.2023, Disclosed on stock exchanges on 30.09.2023- Show Cause Cum Demand Notice has been issued by GST Authority for the period July 2017 to March 2023 proposing tax demand of Rs. 2.65 crores along with applicable interest in the matter of tax liability under reverse charge basis on certain services. Order Dated. 30.12.2024, Disclosed on stock exchagnes on 01.01.2024- A demand Order has been issued by CGST Authority for the period July 2017 to March 2023 confirming Tax demand of Rs. 2.65 crores along with applicable interest and penalty of Rs. 0.265 crores in the matter of tax liability under reverse charge basis on certain services. The Company has deposited tax demand of Rs. 2.65 crores under protest. The Company has filed an appeal against this order before the next Adjudicating Authority. Order Dated. 20.09.2024, Disclosed on stock exchagnes on 26.09.2024- An Order under Section 73(9) & Section 50 of the CGST Act, 2017 read with Section 20 of the IGST Act, 2017 dated 20.09.2024 passed by the Commissioner (Appeals) Chandigarh for the period July 2017 to March 2023, rejected Appeal filed by the Company against demand of applicable interest (Not Calculated) on IGST Rs. 2.65 Crores and penalty of Rs. 0.265 crores vide order dated 30.12.2023 issued by Additional Commissioner, CGST, Chandigarh. Amount involved of Rs 2.65 Crores (Tax) appropriated with pre deposit along with applicable interest (not calculated) and Penalty of Rs 0.26 Crores. The Company will file an appeal against this order before the next Adjudicating Authority. On 24.02.2025- The Commissioner Appeals rejected the appeal filed by the Company. Company will file an Appeal against this order with next adjudicating authority i.e. Tribunal, but the tribunal's functioning has not started yet. However, the Company has filed a writ petition in the Punjab & Haryana High Court for seeking benefit of Rule 28A and GST Amnesty scheme up to FY 2019-20 On 22.05.2025 - Company has withdrawn the writ petition filed in the Punjab & Haryana High Court for seeking the benefit of Rule 28A and Amnesty scheme up to FY 2019-20. Form SPL-02 application has been filed on 19.06.2025 for waiver of interest & penalty under GST Amnesty scheme 2024. Period covered FY 2017-18 to 2019-20. On 19.09.2025 - The Assistant Commissioner has, vide Order passed through Form GSTSPL-5 dated 19.09.2025, waived off a total demand of Rs. 1.72 crore (comprising interest of Rs. 1.56 crore and penalty of Rs. 0.16 crore) for the period July 2017 to March 2020 and confirmed a demand of Rs. 0.70 crore (comprising interest of Rs. 0.59 crore and penalty of Rs. 0.11 crore) for the period April 2020 to March 2023. On 12.06.2026 - The Company has filed an appeal before the Goods and Services Tax Appellate Tribunal (GSTAT), Chandigarh. Nature of Dispute- Non-payment of IGST under reverse charge mechanism on certain services.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 2 complaints open, quarter to Sep 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
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.