Sterling Tools MD, chairman, board of directors and AGM
NSE: STERTOOLSBSE: 530759Auto ComponentsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹207.29.
- Next results date: the board meets on 27 Oct 2026 to consider: financial results and other business matters.
- 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.
- ₹730 Cr1,577th 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 5 Aug 2026
- 27.9
- 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 ₹9.50 crore of one-off items, the largest of them in the quarter to Sep 2025.
- 43.7
- 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 15 May 2026
- 1.4
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.37%
- 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 5 Aug 2026
- 5.1%
- 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 ₹9.50 crore of one-off items, the largest of them in the quarter to Sep 2025.
- 3.3%
- 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 5 Aug 2026
- 5.6%
- 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 15 May 2026
- 0.25
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 32,77173.7% delivered
Sterling Tools board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonANIL AGGARWALRelated to the promoter
- Managing directorATUL AGGARWAL
- Company Secretary and Compliance OfficerPragya Saxena
10 directors5 independent4 executive1 non-executive
- ANIL AGGARWAL · ChairpersonExecutive · joined Sep 1994 · reappointed Apr 2026 · 1 listed board
- ATUL AGGARWAL · Managing directorExecutive · joined Sep 1994 · reappointed Apr 2026 · 3 listed boards · 2 as independent · 3 committee seats
- AKHILL AGGARWALExecutive · joined Aug 2019 · reappointed May 2024 · 1 listed board
- ANISH AGARWALExecutive · joined Feb 2024 · reappointed May 2026 · 1 listed board
- JAIDEEP WADHWANon-executive · joined Feb 2019 · reappointed Sep 2019 · 1 listed board
- SHAILENDRA SWARUPIndependent · joined Dec 2019 · reappointed Dec 2024 · 81 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 2 as chair
- RAKESH BATRAIndependent · joined Nov 2020 · reappointed Nov 2025 · 70 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- VIJAY MADHAV PARADKARIndependent · joined Mar 2024 · reappointed Mar 2024 · 30 months as independent · 1 listed board · 1 as independent · 1 committee seat
- RASHMI HEMANT URDHWARESHEIndependent · joined Feb 2024 · reappointed Feb 2024 · 32 months as independent · 4 listed boards · 4 as independent · 7 committee seats, 2 as chair
- SANJIV GARGIndependent · joined May 2024 · reappointed May 2024 · 28 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.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 5 Aug 202610 of 10 present5 independent · 81 days in between
- 15 May 202610 of 10 present5 independent
Audit Committee
Chair RAKESH BATRA
ATUL AGGARWAL, SHAILENDRA SWARUP, RASHMI HEMANT URDHWARESHE
- 5 Aug 20264 of 4 present3 independent · 82 days in between
- 14 May 20264 of 4 present3 independent
Nomination and remuneration committee
Chair VIJAY MADHAV PARADKAR
RAKESH BATRA, SHAILENDRA SWARUP, ANIL AGGARWAL
- 3 Aug 20264 of 4 present3 independent · 80 days in between
- 14 May 20264 of 4 present3 independent
Stakeholders Relationship Committee
Chair SHAILENDRA SWARUP
ATUL AGGARWAL, VIJAY MADHAV PARADKAR
No meeting listed in the filing.
Risk Management Committee
Chair ANIL AGGARWAL
ATUL AGGARWAL, RAKESH BATRA, AKHILL AGGARWAL, VIJAY MADHAV PARADKAR
- 1 Jul 20264 of 5 present2 independent · 47 days in between
Corporate Social Responsibility Committee
Chair ANIL AGGARWAL
RASHMI HEMANT URDHWARESHE, ATUL AGGARWAL
- 14 May 20263 of 3 present1 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.
- Walker Chandiok & Co LLPPeer-review certificate valid to May 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.
Sterling Tools 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.Sterling Tools dividend history
Annual general meeting, 4 Sep 2026
38,476 shareholders on the register on 28 Aug 2026; present: 7 promoters and 68 others; votes counted by SANTOSH KUMAR PRADHAN / SANTOSH KUMAR PRADHAN.The company's voting result (opens in a new tab)
- Adoption of AccountsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.18%
Turnout: all 65.82% · promoters 100.00% · institutions 74.31% · other public 2.51%
- Declaration of Dividend for Financial Year 2025-26.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.18%
Turnout: all 65.82% · promoters 100.00% · institutions 74.31% · other public 2.51%
- Re-appointment of Retiring DirectorOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.20%
Turnout: all 65.82% · promoters 100.00% · institutions 74.31% · other public 2.51%
- Approval for payment of remuneration to Mr. Akhill Aggarwal (DIN 01681666), Whole Time Director of the CompanySpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.20%
Turnout: all 65.82% · promoters 100.00% · institutions 74.31% · other public 2.51%
- Ratification of the remuneration of the Cost Auditors for the Financial Year 2026-27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.18%
Turnout: all 65.82% · promoters 100.00% · institutions 74.31% · other public 2.51%
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, 26 Jun 2026, 1 resolution
39,654 shareholders on the register on 22 May 2026; votes counted by SANTOSH KUMAR PRADHAN / SANTOSH KUMAR PRADHAN.The company's voting result (opens in a new tab)
- Appointment of Mr. Anish Agarwal (DIN: 07056465) as Whole Time Director of the Company and payment of remuneration thereof:SpecialPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 1.39%
Turnout: all 65.90% · promoters 100.00% · institutions 39.17% · other public 2.72%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 27 Mar 2026, 2 resolutions
41,203 shareholders on the register on 20 Feb 2026; votes counted by SANTOSH KUMAR PRADHAN / SANTOSH KUMAR PRADHAN.The company's voting result (opens in a new tab)
- Re-appointment of Mr. Anil Aggarwal (DIN:00027214) as Chairman and Whole Time Director of the Company and payment of remuneration thereofSpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.17%
Turnout: all 65.72% · promoters 100.00% · institutions 22.71% · other public 1.42%
- Reappointment of Mr. Atul Aggarwal, (DIN:00125825) as Managing Director of the Company and payment of remuneration thereofSpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.17%
Turnout: all 65.72% · promoters 100.00% · institutions 22.71% · other public 1.42%
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, 6 resolutions
43,386 shareholders on the register on 18 Sep 2025; present: 6 promoters and 73 others; votes counted by SANTOSH KUMAR PRADHAN / SANTOSH KUMAR PRADHAN.The company's voting result (opens in a new tab)
- Adoption of Accounts.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 65.55% · promoters 100.00% · institutions 13.07% · other public 1.44%
- Declaration of Dividend for Financial Year 2024-25.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.07%
Turnout: all 65.55% · promoters 100.00% · institutions 13.07% · other public 1.44%
- Re-appointment of Retiring Director.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 65.55% · promoters 100.00% · institutions 13.07% · other public 1.44%
- Appointment of M/s Dhananjay Shukla & Associates, Company Secretaries as the Secretarial Auditors of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 65.55% · promoters 100.00% · institutions 13.07% · other public 1.44%
- To ratify the remuneration of the Cost Auditors for the Financial Year 2025-26.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 65.55% · promoters 100.00% · institutions 13.07% · other public 1.44%
- Re-appointment of Mr. Rakesh Batra (DIN: 06511494) as Non-Executive Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.18%
Turnout: all 65.55% · promoters 100.00% · institutions 13.07% · other public 1.44%
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, 13 Sep 2024, 5 resolutions
Present: 6 promoters and 64 others.The company's voting result (opens in a new tab)
- Adoption of AccountsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 70.94% · promoters 100.00% · institutions 86.13% · other public 1.04%
- Declaration of Dividend for Financial Year 2023-24Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 70.94% · promoters 100.00% · institutions 86.13% · other public 1.04%
- Re-appointment of Retiring DirectorOrdinaryPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.24% · other public 0.09%
Turnout: all 70.94% · promoters 100.00% · institutions 86.13% · other public 1.04%
- Re-appointment of Mr. Shailendra Swarup (DIN : 00167799) as a Non-executive Independent Director of the CompanySpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.07% · other public 0.09%
Turnout: all 70.94% · promoters 100.00% · institutions 86.13% · other public 1.04%
- To ratify the remuneration of the Cost Auditors for the Financial Year 2024-2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 70.94% · promoters 100.00% · institutions 86.13% · other public 1.04%
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, 28 Jun 2024, 4 resolutions
The company's voting result (opens in a new tab)
- Change in designation of Mr. Anil Aggarwal from Chairman cum Managing Director to Chairman and Whole time Director of the CompanySpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 2.49%
Turnout: all 70.98% · promoters 100.00% · institutions 93.22% · other public 0.26%
- Change in designation of Mr. Atul Aggarwal from Whole time Director to Managing Director of the CompanySpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 2.48%
Turnout: all 70.98% · promoters 100.00% · institutions 93.22% · other public 0.26%
- Appointment of Mr. Akhill Aggarwal (DIN: 01681666) as Whole time Director of the Company and payment of remuneration thereofSpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 2.86%
Turnout: all 70.98% · promoters 100.00% · institutions 93.22% · other public 0.26%
- Appointment of Mr. Sajiv Garg (DIN: 00428757) as Non- Executive Independent DirectorSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 2.86%
Turnout: all 70.98% · promoters 100.00% · institutions 93.22% · other public 0.26%
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, 26 Apr 2024, 3 resolutions
The company's voting result (opens in a new tab)
- Appointment of Ms. Rashmi Urdhwareshe (DIN: 08668140) as an Independent Director:Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 3.74%
Turnout: all 70.94% · promoters 100.00% · institutions 93.43% · other public 0.12%
- Appointment of Mr. Anish Agarwal (DIN: 07056465) as a Non-executive Non-IndependentnDirectorOrdinaryPromoters have an interest in it93.42% for6.58% against
Against: promoters 0.00% · institutions 90.81% · other public 4.31%
Turnout: all 70.94% · promoters 100.00% · institutions 93.43% · other public 0.12%
- Appointment of Mr. Vijay Madhav Paradkar (DIN: 00149410) as an IndependentnDirectorSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 4.23%
Turnout: all 70.94% · promoters 100.00% · institutions 93.43% · other public 0.12%
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 Dec 2023, 4 resolutions
The company's voting result (opens in a new tab)
- To Approve the STL Employee Stock Option Plan 2023Special99.32% for0.68% against
Against: promoters 0.00% · institutions 9.35% · other public 2.51%
Turnout: all 70.98% · promoters 100.00% · institutions 90.29% · other public 0.25%
- To approve the grant of ESOP Options to the employees of subsidiary(ies) of Sterling Tools Limited under the STL Employee Stock Option Plan 2023Special99.32% for0.68% against
Against: promoters 0.00% · institutions 9.35% · other public 2.51%
Turnout: all 70.98% · promoters 100.00% · institutions 90.29% · other public 0.25%
- To approve the grant of ESOP Options exceeding one percent of the issued capital ofnthe CompanySpecialPromoters have an interest in it99.32% for0.68% against
Against: promoters 0.00% · institutions 9.35% · other public 2.33%
Turnout: all 70.98% · promoters 100.00% · institutions 90.29% · other public 0.25%
- To approve payment of proposed remuneration to Mr. Jaideep Wadhwa (DIN: 00410019) Non Executive Non Independent Director, during the Financial Year ending March 31, 2024SpecialPromoters have an interest in it99.32% for0.68% against
Against: promoters 0.00% · institutions 9.35% · other public 2.65%
Turnout: all 70.98% · promoters 100.00% · institutions 90.29% · other public 0.25%
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 25 Sep 2025, 1 fund house
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Adoption of Accounts.1 for0 against
- Re-appointment of Retiring Director.1 for0 against
- Appointment of M/s Dhananjay Shukla & Associates, Company Secretaries as the Secretarial Auditors of the Company.1 for0 against
- Re-appointment of Mr. Rakesh Batra (DIN: 06511494) as Non-Executive Independent Director of the Company.1 for0 against
2 proposals not matched to one resolution
Ratification of remuneration of Rs. 1,60,000/- plus taxes as applicable and reimbursement of out-of-pocket expenses incurred in connection with the aforesaid audit payable to M/s Jitender, Navneet and Co., Cost Accountants (Firm Registration No. 000119), appointed by the Board of Directors of the Company on the recommendation of the Audit Committee, to conduct the audit of the cost records of the Company for the Financial Year ending 31st March, 2026.MoreLess
1 for0 againstTo declare dividend at the rate of Rs. 2.50/- per equity share of face value of Rs. 2/- each fully paid-up of the Company for the financial year ended 31st March 2025 and the same be paid out of the profits of the Company.MoreLess
1 for0 against
Mutual fund votes, meeting of 13 Sep 2024, 2 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Adoption of Accounts1 for0 against
- Declaration of Dividend for Financial Year 2023-242 for0 against
- Re-appointment of Retiring Director1 for0 against
- Re-appointment of Mr. Shailendra Swarup (DIN : 00167799) as a Non-executive Independent Director of the Company2 for0 against
- To ratify the remuneration of the Cost Auditors for the Financial Year 2024-20252 for0 against
2 proposals not matched to one resolution
- Accept Financial Statements and Statutory Reports1 for0 against
- Reelect Atul Aggarwal as Director1 for0 against
3 earlier meetings
Mutual fund votes, meeting of 28 Jun 2024, 2 fund houses
- Change in designation of Mr. Anil Aggarwal from Chairman cum Managing Director to Chairman and Whole time Director of the Company2 for0 against
- Change in designation of Mr. Atul Aggarwal from Whole time Director to Managing Director of the Company2 for0 against
- Appointment of Mr. Akhill Aggarwal (DIN: 01681666) as Whole time Director of the Company and payment of remuneration thereof2 for0 against
- Appointment of Mr. Sajiv Garg (DIN: 00428757) as Non- Executive Independent Director2 for0 against
Mutual fund votes, meeting of 26 Apr 2024, 2 fund houses
- Appointment of Ms. Rashmi Urdhwareshe (DIN: 08668140) as an Independent Director:2 for0 against
- Appointment of Mr. Anish Agarwal (DIN: 07056465) as a Non-executive Non-IndependentnDirector
Against HSBC Mutual Fund
- HSBC Mutual FundWe have concerns about insufficient independence on the board.
1 for1 against - Appointment of Mr. Vijay Madhav Paradkar (DIN: 00149410) as an IndependentnDirector2 for0 against
Mutual fund votes, meeting of 21 Dec 2023, 2 fund houses
- To Approve the STL Employee Stock Option Plan 2023
Against HDFC Mutual Fund
- HDFC Mutual FundThere is lack of disclosure or clarity on the pricing formula or exercise price at which the ESOP will be granted
1 for1 against - To approve the grant of ESOP Options to the employees of subsidiary(ies) of Sterling Tools Limited under the STL Employee Stock Option Plan 2023
Against HDFC Mutual Fund
- HDFC Mutual FundThere is lack of disclosure or clarity on the pricing formula or exercise price at which the ESOP will be granted
1 for1 against - To approve the grant of ESOP Options exceeding one percent of the issued capital ofnthe Company
Against HDFC Mutual Fund
- HDFC Mutual FundThe quantum of ESOPs to be granted to a single director is very large
1 for1 against - To approve payment of proposed remuneration to Mr. Jaideep Wadhwa (DIN: 00410019) Non Executive Non Independent Director, during the Financial Year ending March 31, 2024
Against HDFC Mutual Fund
- HDFC Mutual FundThe quantum of ESOPs to be granted to a single director is very large. Hence, the proposed remuneration is high considering the size and complexity of the business
1 for1 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 Sep 2026.
- Tax disputeAdditional Commissioner CGST, Audit Commissionerate, Dehradun.Since 25 Jun 2025Appeal hearing was held on 22.09.2026 and the order awaited.
At the filing before: The Company has filed an appeal on 13.03.2026 against the order dated 29 December 2025 before the appropriate appellate authority with respect to the levy of interest and confirmation of penalty. Appeal has been filed against the order.MoreLess
- Tax disputeSTATE TAX OFFICER MANALI TIRUVALLUR COMMERCIAL TAXES DEPARTMENT GOVERNMENT OF TAMIL NADUSince 29 Jul 2026Reply filed on 25.08.2026, personal hearing awaited.
At the filing before: Commercial Taxes Department, Government of Tamil Nadu issued a Show Cause Notice in Form GST DRC-01 under Section 73 of the CGST/TNGST Act for FY 2023-24, alleging discrepancies relating to RCM liability, credit notes and input tax credit. The notice proposes tax, interest and penalty aggregating to ₹1.71 crore.MoreLess
- Tax disputeDepartment of Commercial Taxes, Government of KarnatakaSince 23 Sep 2026Reply to be filed.
At the filing before: GST dispute for FY 2022-23 relating to excess ITC Claimed compare to GSTR-2A, ITC Blocked U/s 17(5), e-way bill vs GSTR-1 and ITC Claimed from non filers. The Show Cause Notice received from the Department of Commercial Taxes, Government of Karnataka for FY 2022-23, proposing GST liability, including interest and penalty of ₹2.10 crore. The matter is pending adjudication.MoreLess
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.