Visaka Industries logo

Visaka Industries MD, chairman, board of directors and AGM

NSE: VISAKAINDBSE: 509055Cement & Cement ProductsSmall Cap

Last close ₹80.08down ₹3.53 (4.22%)BSE ₹80.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹83.61.

52-week range of traded prices to 23 Oct 2026
₹50.20Low, 30 Mar 2026₹104.41High, 10 Aug 2026
Market cap
₹692 Cr1,773rd largest listed
P/E
8.1
P/E without one-offs
11.0
P/B
0.8
Dividend yield
2.75%
ROE
10.9%
ROE without one-offs
8.0%
ROCE
10.1%
Debt to equity
0.37
Volume, NSE
71,854

Visaka Industries 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

  • ChairpersonVivek Venkatswamy Gaddam
  • Managing directorSaroja Gaddam
  • Company Secretary and Compliance OfficerRamakanth Kunapuli

8 directors4 independent2 executive2 non-executive

  • Vivek Venkatswamy Gaddam · ChairpersonNon-executive · joined Jun 1981 · 1 listed board · 1 committee seat
  • Saroja Gaddam · Managing directorExecutive · joined Jan 2003 · reappointed Oct 2024 · 1 listed board · 3 committee seats
  • Gaddam Vamsi KrishnaExecutive · joined Jun 2014 · reappointed May 2022 · 1 listed board
  • Gusti Jall NoriaNon-executive · joined Apr 2024 · 1 listed board
  • Appnender Babu GogineniIndependent · joined May 2020 · reappointed May 2025 · 73 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Vanitha DatlaIndependent · joined May 2020 · reappointed May 2025 · 73 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 2 as chair
  • Sanjay Vijay Singh JesraniIndependent · joined Apr 2024 · 27 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • Pravin ChelluriIndependent · joined Apr 2024 · 27 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.

2 directors who left
  • Srikar Palem Reddy, left 24 Jul 2025: Tenure Completion
  • Pruthvidhar Rao J, left 25 May 2025: Tenure Completion

Committees and meetings

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

  • Board

    • 18 May 20268 of 8 present4 independent · 44 days in between
    • 3 Apr 20268 of 8 present4 independent · 52 days in between
    • 9 Feb 20267 of 8 present3 independent

  • Audit Committee

    Chair Vanitha Datla

    Sanjay Vijay Singh Jesrani, Saroja Gaddam, Pravin Chelluri

    • 18 May 20263 of 3 present2 independent · 44 days in between
    • 3 Apr 20263 of 3 present2 independent · 52 days in between
    • 9 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Appnender Babu Gogineni

    Pravin Chelluri, Vivek Venkatswamy Gaddam

    • 18 May 20263 of 3 present2 independent · 44 days in between
    • 3 Apr 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Appnender Babu Gogineni

    Pravin Chelluri, Vivek Venkatswamy Gaddam, Saroja Gaddam

    • 18 May 20264 of 4 present2 independent
    • 21 May 20254 of 4 present2 independent

  • Risk Management Committee

    Chair Vanitha Datla

    Appnender Babu Gogineni, Sanjay Vijay Singh Jesrani, Gaddam Vamsi Krishna

    • 9 Jun 20264 of 4 present3 independent · 207 days in between
    • 13 Nov 20254 of 4 present3 independent

  • Corporate Social Responsibility Committee

    Chair Gusti Jall Noria

    Appnender Babu Gogineni, Vivek Venkatswamy Gaddam, Saroja Gaddam

    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 Jun 2026.

  • Price Waterhouse & Co Chartered Accountants LLPPeer-review certificate valid to Nov 2026
1 earlier auditor
  • Price Waterhouse and Co Chartered Accountants LLPNamed in the filing for the quarter to Jun 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.

Visaka Industries 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.Visaka Industries dividend history

Annual general meeting, 30 Jul 2026

45,533 shareholders on the register on 26 Jun 2026; present: 8 promoters and 73 others; votes counted by B.V.Saravana Kumar / B.V.Saravana Kumar.The company's voting result (opens in a new tab)

  1. To adopt the audited financial statements of the Company (both standalone and consolidated) for the financial year ended March 31, 2026, and reports of the Board of Directors and Auditors’ thereon as on that date.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 54.57% · promoters 100.00% · institutions 46.62% · other public 2.45%

  2. To approve Final Dividend of Rs.1.20 Ps. per Equity Share of Rs. 2/- for the Financial Year 2025-26.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 54.57% · promoters 100.00% · institutions 46.62% · other public 2.45%

  3. To appoint a director in place of Shri Gusti J Noria (DIN:00015561), who retired by rotation and being eligible, offers himself for reappointment
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.49%

    Turnout: all 54.57% · promoters 100.00% · institutions 46.62% · other public 2.45%

  4. Ratification of Remuneration payable to the Cost Auditors M/s. Sagar & Associates, (Firm Reg No. 000118), Cost Accountants, Hyderabad for the financial year ending March 31, 2027.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 54.57% · promoters 100.00% · institutions 46.62% · other public 2.45%

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

Annual general meeting, 30 Jul 2025, 5 resolutions

50,987 shareholders on the register on 23 Jul 2025; present: 8 promoters and 77 others; votes counted by B V SARAVANA KUMAR / B.V.SARAVANA KUMAR.The company's voting result (opens in a new tab)

  1. To adopt the audited financial statements of the Company (both standalone and consolidated) for the financial year ended March 31, 2025, and reports of the Board of Directors and Auditors’ thereon as on that date.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 53.50% · promoters 100.00% · institutions 56.85% · other public 9.70%

  2. To declare a Final Dividend of Rs.0.50 per Equity Share of Rs. 2/- for the Financial Year 2024-25.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 53.52% · promoters 100.00% · institutions 67.37% · other public 9.70%

  3. To appoint a director in place of Dr. G. Vivek Venkatswamy (DIN:00011684), who retired by rotation and being eligible, offers himself for reappointment
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 53.52% · promoters 100.00% · institutions 67.37% · other public 9.70%

  4. Ratification of Remuneration payable to the Cost Auditors M/s. Sagar & Associates, (Firm Reg No. 000118), Cost Accountants, Hyderabad for the financial year ending March 31, 2026.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 53.52% · promoters 100.00% · institutions 67.37% · other public 9.70%

  5. Appointment of M/s. GMR & Associates (ICSI Membership No. 8463 and C.P.No.7911) Practising Company Secretaries, Hyderabad as Secretarial Auditors of the Company for a period of five years effective from FY-2025-26 to FY-2029-30MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 53.52% · promoters 100.00% · institutions 67.37% · other public 9.70%

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, 10 Apr 2025, 2 resolutions

52,837 shareholders on the register on 7 Mar 2025; votes counted by Mr. B. V. Saravana Kumar / B. V. Saravana Kumar.The company's voting result (opens in a new tab)

  1. Reappointment of Smt. Vanitha Datla (DIN: 00480422) as a Non-Executive Independent Director of the Company for a further period of five consecutive years effective from May 26, 2025.
    Special
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.94%

    Turnout: all 49.44% · promoters 90.66% · institutions 69.41% · other public 10.29%

  2. Reappointment of Shri Appnender Babu Gogineni (DIN: 00034681) as a Non-Executive Independent Director of the Company for a further period of five consecutive years effective from May 26, 2025.
    Special
    99.34% for0.66% against

    Against: promoters 0.00% · institutions 99.58% · other public 0.92%

    Turnout: all 49.44% · promoters 90.66% · institutions 69.41% · other public 10.29%

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, 15 Jul 2024, 8 resolutions

Present: 7 promoters and 59 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements (Standalone and Consolidated) of the Company for the Financial year ended March 31, 2024, and the Reports of Board of Directors and Statutory Auditors thereonMoreLess
    Ordinary
    99.96% for0.04% against

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

    Turnout: all 53.59% · promoters 99.81% · institutions 56.91% · other public 9.84%

  2. To declare Final Dividend of Rs.0.50/- (Fifty paise only) (25%) per Equity Share of Rs. 2/- (Rupees Two Only) for the financial year 2023-24.
    Ordinary
    99.97% for0.03% against

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

    Turnout: all 53.61% · promoters 99.81% · institutions 61.35% · other public 9.84%

  3. To appoint a director in place of Shri G. Vamsi Krishna (DIN: 03544943), who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.96% for0.04% against

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

    Turnout: all 53.61% · promoters 99.81% · institutions 61.35% · other public 9.84%

  4. Ratification of remuneration payable to M/s. Sagar & Associates (Firm Reg. No. 000118), Practicing Cost Accountants, as the Cost Auditors for the financial year ending 2024-25 and approval of their remuneration.MoreLess
    Ordinary
    99.96% for0.04% against

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

    Turnout: all 53.61% · promoters 99.81% · institutions 61.35% · other public 9.84%

  5. SPECIAL - Re-appointment of Smt. G. Saroja Vivekanand (DIN:00012994), Managing Director of the Company for a term of five years w.e.f. October 24, 2024.
    SpecialPromoters have an interest in it
    99.50% for0.50% against

    Against: promoters 0.00% · institutions 99.53% · other public 0.39%

    Turnout: all 53.61% · promoters 99.81% · institutions 61.35% · other public 9.84%

  6. To consider and approve the change in designation and remuneration payable to Shri. Joginapalli Pruthvidhar Rao (DIN: 03575950), Whole Time Director & Chief Operating Officer (COO) of the Company effective from April 1, 2024MoreLess
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.47% · other public 0.40%

    Turnout: all 53.61% · promoters 99.81% · institutions 61.35% · other public 9.84%

  7. Approval for Payment of Minimum Remuneration to Smt. G. Saroja Vivekanand (DIN: 00012994), Managing Director of the Company for the Financial year 2023-24.
    SpecialPromoters have an interest in it
    99.96% for0.04% against

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

    Turnout: all 53.61% · promoters 99.81% · institutions 61.35% · other public 9.84%

  8. Shifting of Registered office of the Company from Survey No.315, Yelumala Village, R.C. Puram Mandal, Sangareddy district, Telangana – 502 300 to Visaka Towers, 1-8-303/69/3, S.P. Road, Secunderabad, Hyderabad district, Telangana – 500003.MoreLess
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.36%

    Turnout: all 53.61% · promoters 99.81% · institutions 61.35% · other public 9.84%

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, 14 May 2024, 3 resolutions

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

  1. Appointment of Shri. Sanjay Vijay Singh Jesrani (DIN: 02306916) as a Non-executivenIndependent Director of the Company for a period of five consecutive years effective fromnApril 01, 2024.
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.42%

    Turnout: all 53.72% · promoters 100.00% · institutions 39.33% · other public 9.91%

  2. Appointment of Shri. Pravin Chelluri (DIN: 10568107) as a Non-executivenIndependent Director of the Company for a period of five consecutive years effective fromnApril 01, 2024.
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.43%

    Turnout: all 53.72% · promoters 100.00% · institutions 39.33% · other public 9.91%

  3. Appointment of Shri. Gusti Jall Noria (DIN: 00015561), as a Non-executive and Non-nIndependent Director of the company effective from April 01, 2024, liable to retire bynrotation.
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 11.93% · other public 0.42%

    Turnout: all 53.72% · promoters 100.00% · institutions 39.33% · other public 9.91%

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, 7 Jul 2023, 7 resolutions

Present: 8 promoters and 64 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the audited financial statements (standalone and consolidated) of the Company for the financial year ended March 31, 2023, and reports of Board of Directors of the Company and Auditors’ thereon as on that dateMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 58.19% · promoters 100.00% · institutions 66.20% · other public 15.78%

  2. To confirm the payment of Interim Dividend of Rs. 7.00 per Equity share of Rs. 10/- (face value before stock split) and to declare a Final Dividend of Rs.0.60 per Equity Share of Rs. 2/- (face value after stock split) for the Financial Year 2022-23MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 58.38% · promoters 100.00% · institutions 72.28% · other public 15.78%

  3. To appoint a director in place of Dr. Vivek Venkatswamy Gaddam (Dr G. Vivekanand) (DIN: 00011684) who retires by rotation and being eligible, offers himself for reappointment
    OrdinaryPromoters have an interest in it
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 2.01% · other public 0.04%

    Turnout: all 58.38% · promoters 100.00% · institutions 72.28% · other public 15.78%

  4. To consider and approve ratification of Remuneration payable to the Cost Auditors i.e M/s. Sagar & Associates, (Firm Reg No. 000118), Cost Accountants, Hyderabad for the FY 2023-24
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 58.38% · promoters 100.00% · institutions 72.28% · other public 15.78%

  5. To consider and approve increase of maximum amount of commission payable to Non – Executive directors including Independent Directors of the Company from existing Rs. 10 lakh per annum to Rs. 15 Lakhs per annumMoreLess
    SpecialPromoters have an interest in it
    96.97% for3.03% against

    Against: promoters 0.00% · institutions 75.39% · other public 0.10%

    Turnout: all 58.38% · promoters 100.00% · institutions 72.28% · other public 15.78%

  6. To consider and approve Appointment of Shri J. Pruthvidhar Rao (J.P. Rao) (DIN-03575950) as a Director of the Company who was appointed as an Additional Director on May 26, 2023 by the Board of Directors of the CompanyMoreLess
    Ordinary
    97.27% for2.73% against

    Against: promoters 0.00% · institutions 68.42% · other public 0.00%

    Turnout: all 58.38% · promoters 100.00% · institutions 72.28% · other public 15.78%

  7. To consider and approve Appointment of Shri J. Pruthvidhar Rao (J.P. Rao) (DIN-03575950) as Director (Strategic planning & business development) of the Company for a period of 2 years. W.e.f. May 26, 2023MoreLess
    Ordinary
    97.24% for2.76% against

    Against: promoters 0.00% · institutions 68.97% · other public 0.04%

    Turnout: all 58.38% · promoters 100.00% · institutions 72.28% · other public 15.78%

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, 5 Apr 2023, 3 resolutions

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

  1. Sub-division of each of the one (1) fully paid-up equity share of the company having face value of ¿10/- (Rupees Ten) into 5 (Five) fully paid-up equity shares having face value of ¿2/- (Rupees Two) each.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 59.05% · promoters 100.00% · institutions 69.75% · other public 16.68%

  2. Amendment to the clause v(a) of the memorandum of association (MOA) of the Company i.e. Capital clause of the company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 59.05% · promoters 100.00% · institutions 69.75% · other public 16.68%

  3. Amendment to article 4 of the articles of association (AOA) of the company I.e., authorised capital of the company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 59.05% · promoters 100.00% · institutions 69.75% · other public 16.68%

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, 17 Jun 2022, 6 resolutions

Present: 7 promoters and 49 others.The company's voting result (opens in a new tab)

  1. Adoption of the audited financial statements (both standalone and consolidated), Board’s Report and Auditors’ Reports for the financial year ended March 31, 2022
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 58.93% · promoters 100.00% · institutions 64.54% · other public 15.34%

  2. Confirmation of Interim Dividend and declaration of final dividend for the financial year ended March 31, 2022
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 59.17% · promoters 100.00% · institutions 68.87% · other public 15.34%

  3. Appointment of a Director in place of Shri J.P.Rao (DIN: 03575950), as a Director liable to retire by rotation
    Ordinary
    96.60% for3.40% against

    Against: promoters 0.00% · institutions 54.12% · other public 0.05%

    Turnout: all 59.16% · promoters 100.00% · institutions 68.87% · other public 15.33%

  4. Reappointment of M/s. Price Waterhouse & Co., Chartered Accountants LLP (FRN 304026E/E-300009), Chartered Accountants, Hyderabad as statutory auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 59.16% · promoters 100.00% · institutions 68.87% · other public 15.33%

  5. Reappointment of Shri G. Vamsi Krishna (DIN: 03544943) as Whole-time Director of the Company for a period of five (5) years from 06.05.2022 to 05.05.2027
    Special
    96.33% for3.67% against

    Against: promoters 0.00% · institutions 58.50% · other public 0.07%

    Turnout: all 59.17% · promoters 100.00% · institutions 68.87% · other public 15.34%

  6. Ratification of the remuneration payable to M/s Sagar & Associates, Cost Auditors, Hyderabad for the financial year ending March 31, 2023
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 59.16% · promoters 100.00% · institutions 68.87% · other public 15.32%

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.

How mutual funds voted

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

Mutual fund votes, meeting of 10 Apr 2025, 1 fund house

  • Item 1, as a fund house numbered it
    Against Taurus Mutual Fund
    • Taurus Mutual FundAppnender Babu Gogineni, 67, is Managing Director at Ratna Polymers Private Limited. He has more than three decades of experience in manufacturing corrugated packing materials. He has served on the board as Additional Director since 12 August 2019 and as an Independent Director since 26 May 2020. He has attended all seven (100%) board meetings held in FY24 and all four (100%) board meetings in FY25 till the date of meeting notice. The company seeks approval to reappoint him as Independent Director for five years from 26 May 2025. We note that his overall association with Visaka Industries will exceed 10 years during his proposed tenure. Thus, we are unable to support his reappointment as Independent Director.
    0 for1 against
  • Item 2, as a fund house numbered it
    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 disputeState Tax Officer, Intelligence Division, SGST, Salem, Tamil NaduSince 16 Oct 2024
    No change from the last disclosure.
    At the filing before: Order received for the year 2022-23 under Section 74 of TNGST/CGST Act, 2017 with the demand of Tax Rs. 1.63 Lacs, Interest Rs. 0.44 Lacs and Penalty Rs. 2.48 Lacs due to disallowance of input tax credit availed. There is no material impact on financials. The company has filed an appeal and pending before the Appellate Authority, Salem, Tamil Nadu as the input tax credit is properly availed as per the ITC provisions under GST Act, 2017.MoreLess
  • Tax disputeState Tax Officer, Intelligence Division, SGST, Salem, Tamil NaduSince 16 Oct 2024
    Pursuant to the order of the Appellate Authority dated 29.05.2026, relief was granted from the disputed demand to the extent of Tax of Rs.32.05 lakh, Interest of Rs.31.65 lakh, and Penalty of Rs.32.25 lakh, while confirming an tax liability of Rs.0.52 lakh, Intrest liability of Rs.0.52 and Penalty liabiltiy Rs.0.72 lakh which was duly discharged by the Company on 14.07.2026. Accordingly, the appeal stands disposed of, the order has been fully complied with, and the matter stands concluded.MoreLess
    At the filing before: Order received for the year 2021-22 under Section 74 of TNGST/CGST Act, 2017 with the demand of Tax Rs. 0.56 Lacs, Interest Rs. 0.25 Lacs and Penalty Rs. 0.95 Lacs due to disallowance of input tax credit availed. There is no material impact on financials. The company has filed an appeal and pending before the Appellate Authority, Salem, Tamil Nadu as the input tax credit is properly availed as per the ITC provisions under GST Act, 2017.MoreLess
  • Tax disputeState Tax Officer, Intelligence Division, SGST, Salem, Tamil NaduSince 16 Oct 2024
    Pursuant to the order of the Appellate Authority dated 29.05.2026, relief was granted from the disputed demand to the extent of Tax of Rs.15.47 lakh, Interest of Rs.12.50 lakh, and Penalty of Rs.15.67 lakh, while confirming an tax liability of Rs.1.32 lakh, Intrest liability of Rs.1.06 lakh and Penalty liabiltiy Rs.1.52 lakh which was duly discharged by the Company on 14.07.2026. Accordingly, the appeal stands disposed of, the order has been fully complied with, and the matter stands concluded.MoreLess
    At the filing before: Order received for the year 2019-20 under Section 74 of TNGST/CGST Act, 2017 with the demand of Tax Rs. 16.79 Lacs, Interest Rs. 13.57 Lacs and Penalty Rs. 17.19 Lacs due to disallowance of input tax credit availed. There is no material impact on financials. The company has filed an appeal and pending before the Appellate Authority, Salem, Tamil Nadu as the input tax credit is properly availed as per the ITC provisions under GST Act, 2017.MoreLess
  • Tax disputeState Tax Officer, Intelligence Division, SGST, Salem, Tamil NaduSince 16 Oct 2024
    Pursuant to the order of the Appellate Authority dated 29.05.2026, relief was granted from the disputed demand to the extent of Tax of Rs.32.05 lakh, Interest of Rs.31.65 lakh, and Penalty of Rs.32.25 lakh, while confirming an tax liability of Rs.0.52 lakh, Intrest liability of Rs.0.52 and Penalty liabiltiy Rs.0.72 lakh which was duly discharged by the Company on 14.07.2026. Accordingly, the appeal stands disposed of, the order has been fully complied with, and the matter stands concluded.MoreLess
    At the filing before: Order received for the year 2018-19 under Section 74 of TNGST/CGST Act, 2017 with the demand of Tax Rs. 32.57 Lacs, Interest Rs. 32.18 Lacs and Penalty Rs. 32.97 Lacs due to disallowance of input tax credit availed. There is no material impact on financials. The company has filed an appeal and pending before the Appellate Authority, Salem, Tamil Nadu as the input tax credit is properly availed as per the ITC provisions under GST Act, 2017.MoreLess
  • Tax disputeState Tax Officer, Intelligence Division, SGST, Salem, Tamil NaduSince 10 Oct 2024
    Pursuant to the order of the Appellate Authority dated 29.05.2026, relief was granted from the disputed demand to the extent of Tax of Rs. 13.44 lakh, Interest of Rs.8.38 lakh, and Penalty of Rs.13.64 lakh, while confirming an tax liability of Rs.0.65 lakh, Intrest liability of Rs.0.40 and Penalty liabiltiy Rs.0.85 lakh which was duly discharged by the Company on 14.07.2026. Accordingly, the appeal stands disposed of, the order has been fully complied with, and the matter stands concluded.MoreLess
    At the filing before: Order received for the year 2020-21 under Section 74 of TNGST/CGST Act, 2017 with the demand of Tax Rs. 14.09 Lacs, Interest Rs. 8.79 Lacs and Penalty Rs. 14.50 Lacs due to disallowance of input tax credit availed. There is no material impact on financials. The company has filed an appeal and pending before the Appellate Authority, Salem, Tamil Nadu as the input tax credit is properly availed as per the ITC provisions under GST Act, 2017.MoreLess
  • Tax disputeAssistant Commissioner of State Tax, SGST, Namakkal, Tamil NaduSince 22 Aug 2024
    The Company’s appeal stands allowed pursuant to the Final Order dated 29.05.2026 passed by the DC (Appeals) (FAC), Salem.
    At the filing before: Order received for the year 2019-20 under Section 73 of TNGST/CGST Act, 2017 with the demand of Tax Rs.28.68 Lacs, Interest Rs.28.50 Lacs and Penalty Rs. 2.87 Lacs due to disallowance of ITC. There is no material impact on financials. The company has filed an appeal and pending before the Appellate Authority, Salem, Tamil Nadu as the input tax credit is properly availed as per the ITC provisions under GST Act, 2017.MoreLess
  • Tax disputeAssistant Commissioner of State Tax, SGST, Namakkal, Tamil NaduSince 12 May 2024
    The Company’s appeal stands allowed pursuant to the Final Order dated 29.05.2026 passed by the DC (Appeals) (FAC), Salem.
    At the filing before: Order received for the year 2017-18 under Section 74 of TNGST/CGST Act, 2017 with the demand of Tax Rs.18.03 Lacs, Interest Rs.10.67 Lacs and Penalty Rs. 17.23 Lacs due to disallowance of ITC.There is no material impact on financials. The company has filed an appeal and pending before the Appellate Authority, Salem, Tamil Nadu as the input tax credit is properly availed as per the ITC provisions under GST Act, 2017.MoreLess
  • Tax disputeState Tax Officer, Intelligence Division, SGST, Salem, Tamil NaduSince 28 Dec 2023
    Pursuant to the order of the Appellate Authority dated 29.05.2026, relief was granted from the disputed demand to the extent of Tax of Rs.7.86 lakh, Interest of Rs.8.05 lakh, and Penalty of Rs.7.86 lakh, while confirming an interest liability of Rs.0.045 lakh, which was duly discharged by the Company on 14.07.2026. Accordingly, the appeal stands disposed of, the order has been fully complied with, and the matter stands concluded.MoreLess
    At the filing before: Order received for the year 2017-18 under Section 74 of TNGST/CGST Act, 2017 with the demand of Tax Rs.7.86 Lacs, Interest Rs.8.11 Lacs and Penalty Rs. 7.86 Lacs due to liability under reverse charge mechanism. There is no material impact on financials. as the liability under reverse charge mechanism discharged properly as per the RCM provisions under CGST Act, 2017.MoreLess
15 more
  • Tax disputeAssistant Commissioner of State Tax, SGST, Patna, BiharSince 18 May 2023
    No change from the last disclosure.
    At the filing before: Order received for the year 2018-19 under Section 73 of CGST/BGST Act, 2017 with the demand of Tax Rs.5.70 Lacs, Interest Rs.4.23 Lacs and Penalty Rs. 0.66 Lacs due to disallowance of Input Tax Credit availed. The company made provision partially amounting to Rs.5.12 Lacs out of total demand of Rs. 10.59 Lacs as there is no financial impact for the balance demand amount of Rs.5.47 Lacs and no contravention as per CGST/BGST Act, 2017 involved. The company has filed an appeal on 16.05.2026 and pending before the Tribunal.MoreLess
  • Tax disputeCommissioner of GST & Customs (Appeals), Guntur, A.PSince 31 Mar 2022
    No change from the last disclosure.
    At the filing before: The Company has received the Order for the period Nov'10, Dec'10 & Nov'14 to Jan'17 pertains to demand of refunds already sanctioned towards Excise duty on provisional assessment amounting to Rs.86.54 Lacs by invoking Section 11A of Central Excise Act, 1944. There is no material impact on financials. due to the issue pertains to demand of refunds already sanctioned contrary to statutory provisions and settled judicial decisions. The company has filed appeal and pending before the CESTAT, Hyderbad.MoreLess
  • Tax disputeAssistant Commissioner of CGST & Central Excise, Nagpur, MaharastraSince 11 Jun 2021
    No change from the last disclosure.
    At the filing before: The Company has received the Demand Order for the period Jul'05 to Oct'06 imposing Service Tax Rs. 2.21 Lacs under Section 75 of Finance Act, 1994 & Penalty Rs. 2.20 Lacs on disallowance of ITC under rule 15 of CENVAT Credit Rules 2004 read with Section 11AC of the Central Excise Act, 1944. There is no material impact on the financials as the principal tax amount was already paid and hence the invoking Penalty and Interest is contrary to statutory provisions and judicial decisions. The company has filed an appeal and pending before the CESTAT, Mumbai.MoreLess
  • Tax disputeAssistant Commissioner of CGST & Central Excise, Nagpur, MaharastraSince 11 Jun 2021
    No change from the last disclosure.
    At the filing before: The Company has received the Demand Order for the period Nov'06 to Jan'07 imposing Penalty Rs. 41.69 Lacs on disallowance of ITC under rule 15 of CENVAT Credit Rules 2004 read with Section 11AC of the Central Excise Act, 1944. There is no material impact on the financials as the principal tax amount was paid and hence the invoking Penalty is contrary to statutory provisions and judicial decisions. The company has filed an appeal and pending before the CESTAT, MumbaiMoreLess
  • Tax disputeAssistant Commissioner of CGST & Central Excise, Nagpur, MaharastraSince 1 Apr 2021
    The Company’s appeal stands allowed pursuant to the Final Order dated 21.04.2026 passed by the Hon'ble CESTAT, Mumbai.
    At the filing before: The Company has received the Demand Order for the period Apr'06 to Feb'07 that pertains to Service Tax Rs.5.83 Lacs under section 73(2) of the Finance Act, 1994 read with the Section 11(A) & Section 11(AB) of Central Excise Act, 1944 in respect of payment of service tax under reverse charge mechanism & imposed Interest in Rs.3.73 Lacs under Section 75 of Finance Act, 1994 & Penalty in Rs. 3.73 Lacs under Section 76 of the Finance Act, 1994. There is no material impact on the financials due to the same issue already decided in favor of the Company by various appellate Authorities / Tribunal. The company has filed an appeal and pending before the CESTAT, Mumbai.MoreLess
  • Tax disputeDeputy Commissioner of State Tax, Raibareily, Uttar PradeshSince 27 Dec 2019
    No change from the last disclosure.
    At the filing before: Order received for the period Apr to Jun'17 from Appellate authority with the demand of VAT Rs. 71.31 Lacs due to dispute in turnover. There is no material impact on financials. Appeal filed before Tribunal and order passed on 07.08.25 confirming the orders of 1st appellate authority, The company has filed an appeal on 27.09.2025 and pending before Lucknow bench of High Court of Judicature at Allahabad, as we have discharged VAT properly as per VAT Act, 2008.MoreLess
  • Tax disputeDeputy Commissioner of State Tax, Raibareily, Uttar PradeshSince 27 Dec 2019
    No change from the last disclosure.
    At the filing before: Order received for the period Apr to Jun'17 from Appellate authority with the demand of CST Rs. 1.02 Lacs due to dispute in turnover. There is no material impact on financials.Appeal filed before Tribunal and order passed on 07.08.25 confirming the orders of 1st appellate authority, The company has filed an appeal on 27.09.2025 and pending before Lucknow bench of High Court of Judicature at Allahabad, as we have discharged CST properly as per CST Act, 1956.MoreLess
  • Tax disputeDeputy Commissioner of Sales Tax, Bhubaneshwar, OdishaSince 1 Aug 2012
    No change from the last disclosure.
    At the filing before: Order received for the period Oct'09 to Mar'11 from Appellate authority with the demand of VAT Rs. 10.32 Lacs and Penalty Rs. 20.65 Lacs due to disallowance of net depot breakages. The company made provision against demanded amount by filing appeal. There is no material impact on financial. Appeal is pending before theTribunal, Cuttack as the VAT discharged properly as per VAT Act, 2004.MoreLess
  • Tax disputeDeputy Commissioner of Sales Tax, Bhubaneshwar, OdishaSince 1 Aug 2012
    No change from the last disclosure.
    At the filing before: Order received for the period Oct'09 to Mar'11 from Appellate authority with the demand of Entry Tax Rs. 7.13 Lacs and Penalty Rs. 14.25 Lacs due to variance in taxable value. The company made provision against demanded amount by filing appeal. Appeal is pending before theTribunal, Cuttack as the Entry Tax dischared properly as per Orissa Entry Tax Act, 1999.MoreLess
  • Tax disputeAssistant Commissioner of Revenue, Ofice of the Charge Oficer, Commercial Taxes, Midnapore, W.BSince 18 Jun 2025
    No change from the last disclosure.
    At the filing before: Order received under u/s 73 of the GST Act, 2017 for the period 2023-24 from Assistant Commissioner of Revenue, Commercial taxes with the demand of IGST Tax Rs. 10.58 Lacs with Intrest Rs.2.52 Lacks and Penalty Rs. 1.06 Lacs due to Excess Availemnet of Import -IGST-ITC. There is no material impact on financials and pending before the Appellate Authority, Commercial taxes, Midnapore/Kolkatta as we have availed the ITC properly as per GST Act, 2017.MoreLess
  • Tax disputeAssistant Commissioner, Commercial Taxes Dept, NAMAKKAL, Salem, Tamilnadu.Since 7 Jul 2025
    No change from the last disclosure.
    At the filing before: Show Cause Notice under Section 73 of the CGST/TNGST Act, 2017 for FY 2024-25 was issued by the Assistant Commissioner (SGST), Namakkal, proposing a demand of GST of Rs.12.85 lakh, interest of Rs.0.49 lakh and penalty of Rs.1.28 lakh on account of an alleged mismatch in RCM liability and the corresponding ITC. Although the Company submitted a detailed reply substantiating the correctness of the RCM liability discharged and ITC availed, the demand was confirmed vide Form GST DRC-07 dated 26.03.2026. The Company has filed an appeal before the Appellate Authority, Salem, Tamil Nadu, which is pending adjudication. The Company contends that the demand is not sustainable in law and on facts and, accordingly, no material impact on the financial statements is considered necessary.MoreLess
  • Tax disputeAssistant Commissioner, Commercial Taxes Dept, NAMAKKAL, Salem, Tamilnadu.Since 26 Jul 2025
    Pursuant to the order of the Appellate Authority dated 29.05.2026, relief was granted from the disputed demand to the extent of Tax of Rs.57.76 lakh, Interest of Rs.42.95 lakh, and Penalty of Rs.57.76 lakh, while confirming an interest liability of Rs.2.47 lakh, which was duly discharged by the Company on 14.07.2026. Accordingly, the appeal stands disposed of, the order has been fully complied with, and the matter stands concluded.MoreLess
    At the filing before: Order received for the year 2021-22 under Section 73 of the GST Act, 2017 from Assistant Commissioner (SGST), Namakkal with the demand of Tax Rs.57.76 Lacs, Interest Rs.45.43 Lacs and Penalty Rs. 5.77 Lacs due to excess claimed of ITC on Credit notes reflected in GSTR-2A. There is no material impact on financials. The company has filed an appeal which is presently pending before the Appellate Authority, Salem, Tamil Nadu. The appellant submits that the ITC has been correctly availed in accordance with the provisions of the GST Act, 2017. It is further submitted that the values adopted by the department in respect of ITC on credit notes, as reflected in GSTR-2A, are incorrect and do not pertain to the appellant’s actual data.MoreLess
  • Tax disputeAssistant Commissioner, Commercial Taxes Dept, NAMAKKAL, Salem, Tamilnadu.Since 6 May 2026
    Show Cause Notice under Section 73 of the CGST Act, 2017 for FY 2022-23 has been received from the Assistant Commissioner (ST), Namakkal, proposing a demand of Tax of Rs.0.39 lakh, Interest of Rs.0.21 lakh, and Penalty of Rs.0.20 lakh towards alleged excess ITC attributable to supplier-uploaded credit notes. As the said credit notes were neither received nor accounted for by the Company, no corresponding adjustment was made in the books of account. Accordingly, the proposed demand is not tenable and does not have any material impact on the financial statements. The Company has filed a reply, and the matter is pending adjudication before the Assistant Commissioner (ST), Namakkal.MoreLess
  • Tax disputeSuperintendent, Hirakud Range, Sambalpur Division, Sambalpur, OdishaSince 7 May 2026
    A Show Cause Notice under Section 73 of the CGST Act, 2017 for FY 2020-21 has been received from the Superintendent (CGST), Sambalpur, proposing a demand of Tax of Rs. 1.49 lakh and an equivalent Penalty of Rs.1.49 lakh on account of the alleged wrongful availment of Input Tax Credit (ITC) under the ISD mechanism. The Company has availed the ITC in accordance with the provisions of the GST Act, and the same has been duly reconciled with the GST returns. Accordingly, the proposed demand is not tenable and does not have any material impact on the financial statements. The Company has filed a reply, and the matter is pending adjudication before the Superintendent (CGST), Sambalpur.MoreLess
  • Tax disputeAssistant Commissioner of Revenue/WBRS, Commercial Taxes, Midnapore Charge.Since 30 Jun 2026
    Show Cause Notice under Section 73 of the CGST Act, 2017 for FY 2022-23 has been received from the Assistant Commissioner of Revenue/WBRS, proposing a demand of Tax of Rs.53.73 lakh and Interest of Rs.37.07 lakh on account of the alleged short payment of tax on outward supplies and excess availment of Input Tax Credit (ITC). The Company has discharged the tax liability on outward supplies and availed ITC in accordance with the provisions of the GST Act, and the same has been duly reconciled with the GST returns and books of account. Accordingly, the proposed demand is not tenable and does not have any material impact on the financial statements. The Company has filed a reply, and the matter is pending adjudication before the Assistant Commissioner, Midnapore.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

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
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.