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Carraro India MD, chairman and AGM

NSE: CARRAROBSE: 544320Auto ComponentsSmall Cap

Carraro India Limited · Face value ₹10 · Listed Dec 2024 · Issue price ₹704
Last close ₹478.60down ₹8.65 (1.78%)BSE ₹477.70

Share price at the NSE close on 30 Oct 2026. Previous close ₹487.25.

30 Oct: open ₹487.25, high ₹489.00, low ₹476.75

52-week range of traded prices to 30 Oct 2026
₹416.00Low, 23 Mar 2026₹667.55High, 16 Apr 2026
Market cap
₹2,721 Cr972nd largest listed
P/E
20.48
P/B
4.82
Dividend yield
1.41%
ROE
26.0%
ROCE
23.9%
Debt to equity
0.25
Volume, NSE
1,07,98274.2% delivered

Carraro India's chairperson is Ettore Francesco Sequi and its managing director Balaji Gopalan, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 10 Sep 2026.

Carraro India board of directors

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

  • ChairpersonEttore Francesco Sequi
  • Managing directorBalaji Gopalan
  • Company Secretary and Compliance OfficerMohith Kumar Khandelwal

9 directors3 independent3 executive3 non-executive

  • Ettore Francesco Sequi · ChairpersonIndependent · joined Aug 2024 · reappointed Aug 2024 · 26 months as independent · 1 listed board · 1 as independent
  • Tomaso CarraroNon-executive · joined Apr 2015 · reappointed Sep 2015 · 1 listed board
  • Balaji Gopalan · Managing directorExecutive · joined Apr 2015 · reappointed Feb 2026 · 1 listed board
  • Sudhendra MannikarExecutive · joined Apr 2016 · reappointed Mar 2026 · 1 listed board
  • Davide GrossiExecutive · joined Aug 2024 · reappointed Aug 2024 · 1 listed board · 1 committee seat
  • Enrico GomieroNon-executive · joined Jun 1997 · reappointed Jun 1997 · 1 listed board · 1 committee seat
  • Andrea ConchettoNon-executive · joined Jul 2024 · reappointed Aug 2024 · 1 listed board
  • Kishore Mukund SaletoreIndependent · joined Jul 2024 · reappointed Aug 2024 · 27 months as independent · 4 listed boards · 4 as independent · 8 committee seats, 4 as chair
  • Uma MandavganeIndependent · joined Jul 2024 · reappointed Aug 2024 · 27 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 1 as chair

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

    • 6 Aug 20268 of 9 present3 independent · 71 days in between
    • 26 May 20269 of 9 present3 independent

  • Audit Committee

    Chair Uma Mandavgane

    Kishore Mukund Saletore, Davide Grossi

    • 6 Aug 20263 of 3 present2 independent · 71 days in between
    • 26 May 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Kishore Mukund Saletore

    Ettore Francesco Sequi, Andrea Conchetto

    • 25 May 20264 of 4 present2 independent

  • Stakeholders Relationship Committee

    Chair Kishore Mukund Saletore

    Uma Mandavgane, Enrico Gomiero

    • 25 May 20263 of 3 present2 independent

  • Risk Management Committee

    Chair Uma Mandavgane

    Balaji Gopalan, Davide Grossi, Andrea Conchetto

    • 25 May 20264 of 4 present1 independent

  • Corporate Social Responsibility Committee

    Chair Tomaso Carraro

    Ettore Francesco Sequi, Balaji Gopalan, Sudhendra Mannikar, Davide Grossi

    • 26 May 20264 of 4 present1 independent · no day in between

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 Deloitte Haskins & Sells LLPPeer-review certificate valid to Mar 2027
1 earlier auditor
  • Deloitte Haskins & Sells LLPNamed in filings from Mar 2025 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.

Carraro India 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.Carraro India dividend history

Annual general meeting, 10 Sep 2026

90,445 shareholders on the register on 3 Sep 2026; present: 7 promoters and 64 others; votes counted by Ashwini Mohit Inamdar / M/s. Mehta & Mehta.

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2026, together with the report of the Board of Directors (“the Board”) and Auditor’s thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.34%

    Turnout: all 84.12% · promoters 100.00% · institutions 88.83% · other public 1.17%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026, together with the report of Auditor’s thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.34%

    Turnout: all 84.12% · promoters 100.00% · institutions 88.83% · other public 1.17%

  3. To declare a final dividend on 56,851,538 equity shares of the Company at the rate of ` 6.75/- per equity share of face value of ` 10 each (67.50%) fully paid up, for the financial year ended 31st March, 2026.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 84.12% · promoters 100.00% · institutions 88.83% · other public 1.17%

  4. To appoint a director in place of Mr. Davide Grossi (DIN:10252992), Whole-Time Director and Chief Financial Officer, who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers himself for re-appointmentMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.58%

    Turnout: all 84.12% · promoters 100.00% · institutions 88.83% · other public 1.17%

  5. To appoint a director in place of Mr. Andrea Conchetto (DIN: 10669692), Non-Executive Director, who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers himself for re-appointmentMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.56%

    Turnout: all 84.12% · promoters 100.00% · institutions 88.83% · other public 1.17%

  6. To consider appointment of M/s. MSKC & Associates LLP (formerly known as MSKC & Associates) as the Statutory Auditors of the Company.
    Ordinary
    98.19% for1.81% against

    Against: promoters 0.00% · institutions 10.02% · other public 0.43%

    Turnout: all 84.12% · promoters 100.00% · institutions 88.83% · other public 1.17%

  7. To consider Ratification of remuneration payable to Cost Auditors of the Company for financial year 2026-27.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 84.12% · promoters 100.00% · institutions 88.83% · other public 1.17%

  8. To consider and approve modification to the material related party transaction.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.51%

    Turnout: all 15.35% · promoters 0.00% · institutions 88.83% · other public 1.17%

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, 29 Mar 2026, 1 resolution

92,683 shareholders on the register on 20 Feb 2026; votes counted by Ashwini Inamdar / Mehta & Mehta.

  1. To approve Material Related Party Transaction.
    OrdinaryPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 32.04%

    Turnout: all 14.56% · promoters 0.00% · institutions 70.26% · other public 0.18%

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, 11 Sep 2025, 15 resolutions

1,06,692 shareholders on the register on 3 Sep 2025; present: 7 promoters and 1,06,685 others; votes counted by Ashwini Inamdar / Mehta & Mehta.The company's voting result

  1. To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended 31st March, 2025, together with the reports of the Board of Directors (“the Board”) and Auditor’s thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.84%

    Turnout: all 84.24% · promoters 100.00% · institutions 76.60% · other public 0.15%

  2. To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended 31st March, 2025, together with the report of Auditor’s thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.84%

    Turnout: all 84.24% · promoters 100.00% · institutions 76.60% · other public 0.15%

  3. To declare a final dividend on 56,851,538 equity shares of the Company at the rate of ₹4.55/- per equity share of face value of ₹10 each (45.50%) fully paid up, for the financial year ended 31st March, 2025.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.38%

    Turnout: all 84.24% · promoters 100.00% · institutions 76.60% · other public 0.15%

  4. To appoint a director in place of Mr. Tomaso Carraro (DIN: 00592312), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers himself for re-appointment.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.56%

    Turnout: all 84.24% · promoters 100.00% · institutions 76.60% · other public 0.15%

  5. To appoint a director in place of Mr. Enrico Gomiero (DIN: 00588074), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers himself for re-appointment.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 84.24% · promoters 100.00% · institutions 76.60% · other public 0.15%

  6. To approve annual revision in remuneration payable to Dr. Balaji Gopalan (DIN: 07108093), Managing Director of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.68%

    Turnout: all 84.24% · promoters 100.00% · institutions 76.60% · other public 0.15%

  7. To approve annual revision in remuneration payable to Mr. Sudhendra Mannikar (DIN: 07483321), Whole-Time Director and Chief Operating Officer of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.89%

    Turnout: all 84.24% · promoters 100.00% · institutions 76.60% · other public 0.15%

  8. To approve annual revision in remuneration payable to Mr. Davide Grossi (DIN: 10252992), Whole-Time Director and Chief Financial Officer of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.97%

    Turnout: all 84.24% · promoters 100.00% · institutions 76.60% · other public 0.15%

  9. To approve re-appointment of Dr. Balaji Gopalan (DIN: 07108093) as the Managing Director of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.55%

    Turnout: all 84.24% · promoters 100.00% · institutions 76.60% · other public 0.15%

  10. To approve re-appointment of Mr. Sudhendra Mannikar (DIN: 07483321), as the Whole-Time Director and Chief Operating Officer of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.55%

    Turnout: all 84.24% · promoters 100.00% · institutions 76.60% · other public 0.15%

  11. To approve appointment of M/s. Mehta & Mehta, Practicing Company Secretaries as Secretarial Auditor of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.94%

    Turnout: all 84.24% · promoters 100.00% · institutions 76.60% · other public 0.15%

  12. To approve ratification of remuneration to M/s Adawadkar Deshmukh & Associates (FRN: 000421), Cost Auditors of the Company for financial year ending 31st March, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.76%

    Turnout: all 84.24% · promoters 100.00% · institutions 76.60% · other public 0.15%

  13. To approve material related party transaction(s).
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.90%

    Turnout: all 15.47% · promoters 0.00% · institutions 76.60% · other public 0.15%

  14. To approve remuneration payable to the Non-Executive (Non-Independent) Directors of the Company.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.84%

    Turnout: all 84.24% · promoters 100.00% · institutions 76.60% · other public 0.15%

  15. To approve remuneration payable to the Independent Directors of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.84%

    Turnout: all 84.24% · promoters 100.00% · institutions 76.60% · other public 0.15%

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 Sep 2026, 6 fund houses

  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2026, together with the report of the Board of Directors (“the Board”) and Auditor’s thereon.MoreLess
    6 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026, together with the report of Auditor’s thereon.
    6 for0 against
  • To declare a final dividend on 56,851,538 equity shares of the Company at the rate of ` 6.75/- per equity share of face value of ` 10 each (67.50%) fully paid up, for the financial year ended 31st March, 2026.MoreLess
    6 for0 against
  • To appoint a director in place of Mr. Davide Grossi (DIN:10252992), Whole-Time Director and Chief Financial Officer, who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers himself for re-appointmentMoreLess
    6 for0 against
  • To appoint a director in place of Mr. Andrea Conchetto (DIN: 10669692), Non-Executive Director, who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers himself for re-appointmentMoreLess
    6 for0 against
  • To consider appointment of M/s. MSKC & Associates LLP (formerly known as MSKC & Associates) as the Statutory Auditors of the Company.
    Against LIC Mutual Fund
    • LIC Mutual FundCompliant with law. Transparency concern: Lack of clarity regarding whether the proposed audit fee is annual or pro-rated; due to lack of clarity in this regard, a comparison cannot be drawn between the proposed remuneration and the outgoing auditor s remuneration.
    5 for1 against
  • To consider Ratification of remuneration payable to Cost Auditors of the Company for financial year 2026-27.
    6 for0 against
  • To consider and approve modification to the material related party transaction.
    6 for0 against

Mutual fund votes, meeting of 29 Mar 2026, 10 fund houses

  • To approve Material Related Party Transaction.
    10 for0 against

Mutual fund votes, meeting of 11 Sep 2025, 9 fund houses

17 proposals

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

  • To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended 31st March, 2025, together with the reports of the Board of Directors (“the Board”) and Auditor’s thereonMoreLess
    9 for0 against
  • To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended 31st March, 2025, together with the report of Auditor’s thereon.
    9 for0 against
  • To declare a final dividend on 56,851,538 equity shares of the Company at the rate of ₹4.55/- per equity share of face value of ₹10 each (45.50%) fully paid up, for the financial year ended 31st March, 2025.MoreLess
    9 for0 against
  • To appoint a director in place of Mr. Tomaso Carraro (DIN: 00592312), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers himself for re-appointment.MoreLess
    9 for0 against
  • To appoint a director in place of Mr. Enrico Gomiero (DIN: 00588074), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers himself for re-appointment.MoreLess
    9 for0 against
  • To approve annual revision in remuneration payable to Dr. Balaji Gopalan (DIN: 07108093), Managing Director of the Company.
    9 for0 against
  • To approve annual revision in remuneration payable to Mr. Sudhendra Mannikar (DIN: 07483321), Whole-Time Director and Chief Operating Officer of the Company.
    9 for0 against
  • To approve annual revision in remuneration payable to Mr. Davide Grossi (DIN: 10252992), Whole-Time Director and Chief Financial Officer of the Company.
    9 for0 against
  • To approve re-appointment of Dr. Balaji Gopalan (DIN: 07108093) as the Managing Director of the Company.
    9 for0 against
  • To approve re-appointment of Mr. Sudhendra Mannikar (DIN: 07483321), as the Whole-Time Director and Chief Operating Officer of the Company.
    9 for0 against
  • To approve appointment of M/s. Mehta & Mehta, Practicing Company Secretaries as Secretarial Auditor of the Company.
    9 for0 against
  • To approve ratification of remuneration to M/s Adawadkar Deshmukh & Associates (FRN: 000421), Cost Auditors of the Company for financial year ending 31st March, 2026.
    9 for0 against
  • To approve material related party transaction(s).
    9 for0 against
  • To approve remuneration payable to the Non-Executive (Non-Independent) Directors of the Company.
    8 for0 against
  • To approve remuneration payable to the Independent Directors of the Company.
    Against Edelweiss Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
    • Edelweiss Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Excessive amount proposed as remuneration per ID; it may vitiate their independence as IDs due to such significant amounts.
    • LIC Mutual FundGovernance Concern: Excessive amount proposed as remuneration per ID; it may vitiate their independence as IDs due to such significant amounts.
    5 for3 against
2 proposals not matched to one resolution
  • Approve payment of remuneration to Independent Directors for FY26
    1 for0 against
  • Approve payment of remuneration to Non – Executive Non-Independent Directors for FY26
    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 Sep 2026.

  • Tax disputeIncome tax Assessment Unit / Deputy Commissioner of Income-tax, Transfer Pricing 1(1), Pune - AY 2023-24Since 3 Mar 2026
    Appeal filed against final assessment order.
    At the filing before: Ongoing - Appeal filed against the final Assessment Order. Matter yet to be heard by appellate authority.
  • Tax disputeCommissioner of Income-tax Appeals - 13, Pune, AY 2022-23Since 11 Apr 2025
    Appeal filed against final assessment order.
    At the filing before: Ongoing - Appeal filed against the final Assessment Order. Matter yet to be heard by appellate authority.
  • Tax disputeCommissioner of Income-tax Appeals - 13, Pune, AY 2021-22Since 18 Jan 2024
    No movement in this quarter
    At the filing before: Ongoing - matter yet to be heard by appellate authority
  • Tax disputeCommissioner of Income-tax Appeals - 13, Pune, AY 2020-21Since 27 Oct 2023
    No movement in this quarter
    At the filing before: Ongoing - matter yet to be heard by appellate authority
  • Tax disputeCommissioner of Income-tax Appeals - 13, Pune, AY 2018-19Since 28 Nov 2021
    The Commissioner of Income Tax (Appeal) - 13, Pune has allowed the appeal in favour of the company, vide order dated 16th January 2026.
    At the filing before: The Commissioner of Income-tax (Appeals) - 13, Pune has allowed the appeal in favour of the Company, vide order dated 16th January 2026
  • Tax disputeCommissioner of Income-tax Appeals - 13, Pune, AY 2017-18Since 22 Apr 2021
    No movement in this quarter
    At the filing before: Ongoing - matter yet to be heard by appellate authority
  • Tax disputeCommissioner of Income-tax Appeals - 13, Pune, AY 2016-17Since 28 Jan 2020
    The proceedings have been concluded in the favour of the Company.
    At the filing before: The Commissioner of Income-tax (Appeals) - 13, Pune has allowed the appeal in favour of the Company, vide order dated 22 August 2025
  • Tax disputeCommissioner of Income-tax Appeals - 13, Pune, AY 2015-16Since 27 Feb 2019
    No movement in this quarter
    At the filing before: Ongoing - matter has been heard, pending for disposal by the appellate authority
12 more
  • Tax disputeCommissioner of Income-tax Appeals - 13, Pune, AY 2014-15Since 19 Jan 2018
    No movement in this quarter
    At the filing before: Ongoing - matter has been heard, pending for disposal by the appellate authority
  • Tax disputeIncome-tax Appellate Tribunal, Pune, AY 2013-14Since 13 Jan 2017
    No movement in this quarter
    At the filing before: Ongoing - matter is in abeyance by the appellate authority, considering application filed by our related parties with the Italian Competent Authority to initiate Mutual Agreement Procedure.
  • Tax disputeIncome-tax Appellate Tribunal, Pune, AY 2012-13Since 20 May 2016
    No movement in this quarter
    At the filing before: Ongoing - matter is in abeyance by the appellate authority, considering application filed by our related parties with the Italian Competent Authority to initiate Mutual Agreement Procedure.
  • Tax disputeHigh Court of Bombay, Mumbai, AY 2011-12Since 17 Mar 2015
    No movement in this quarter
    At the filing before: Ongoing - matter is in abeyance by the appellate authority, considering application filed by our related parties with the Italian Competent Authority to initiate Mutual Agreement Procedure.
  • Tax disputeCommissioner of Cusotms, Nhava Sheva, MumbaiSince 14 Aug 2014
    waiting for further response from customs
    At the filing before: Show Cause Notice reply submitted dated 08/09/2014
  • Tax disputeCommissioner of Cusotms, Nhava Sheva, MumbaiSince 14 Aug 2014
    waiting for further response from customs
    At the filing before: Show Cause Notice reply submitted dated 08/09/2014
  • Tax disputeCommissioner of Cusotms, Nhava Sheva, MumbaiSince 14 Aug 2014
    waiting for further response from customs
    At the filing before: Show Cause Notice reply submitted dated 08/09/2014
  • Tax disputeCommissioner of Cusotms, Nhava Sheva, MumbaiSince 31 Jan 2014
    waiting for further response from customs
    At the filing before: Show Cause Notice reply submitted dated 08/09/2014
  • Tax disputeCommissioner of Cusotms, Nhava Sheva, MumbaiSince 22 Aug 2023
    The Customs Commissioner has passed the order dated 18/06/2026, under which the case has been remanded to the original authority.
    At the filing before: Appeal filed against OIO before Commissioner of Customs dated 16/10/2023
  • Tax disputeCommissioner of Customs, JNCH, Nhava Sheva NS-VSince 1 Sep 2025
    OIO order received on 01/09/2026,
    At the filing before: Reply submitted on 16/10/2025 and additional request letter submitted on 30/12/2025 for early PH.
  • Tax disputeAsst. Commissioner of Customs, Air Cargo, MumbaiSince 12 Feb 2026
    waiting for further response from customs
    At the filing before: Reply submitted on 10/03/2026
  • Tax disputeCOMMISSIONER OF CENTRAL GST AUDIT-I PUNESince 25 Aug 2026
    waiting for further response from the GST office
    At the filing before: Reply submitted on dated 24/09/2026

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
22Dec 2400Jun 2500Sep 2500Dec 2500Mar 2600Jun 2600Sep 26

Open at the quarter's end

0Dec 240Jun 250Sep 250Dec 250Mar 260Jun 260Sep 26
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
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.