Setco Automotive MD, chairman and AGM
NSE: SETCOBSE: 505075Auto ComponentsSmall Cap
Share price at the NSE close on 29 Oct 2026. Previous close ₹16.04.
29 Oct: open ₹16.37, high ₹16.50, low ₹15.39
- 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. Market capitalisation: how it is worked out
- ₹208 Cr2,238th 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. Price to earnings, trailing: how it is worked out
- 0.79
- 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. Price to book: how it is worked out
- Net worth zero or below
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 83.44%
- 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 zero or below
- 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.
- 11.1%
- 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.
- Net worth zero or below
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 92,29467.7% delivered
Setco Automotive's chairperson and managing director is HARISH KIRITBHAI SHETH, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 30 Sep 2026.
Setco Automotive 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
- Chairperson and managing directorHARISH KIRITBHAI SHETHRelated to the promoter
- Company Secretary and Compliance OfficerAditi Pai
6 directors3 independent3 executive
- HARISH KIRITBHAI SHETH · Chairperson and managing directorExecutive · joined May 1982 · reappointed Jan 2021 · 1 listed board · 1 committee seat
- UDIT HARISH SHETHExecutive · joined Jun 2008 · reappointed May 2023 · 1 listed board · 1 committee seat
- URJA HARSHAL SHAHExecutive · joined Sep 2015 · reappointed Nov 2020 · 1 listed board · 1 committee seat
- SURESH SHANBHOGUEIndependent · joined Nov 2024 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- VIJAY KALRAIndependent · joined Nov 2024 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- ALOK PARASHARIndependent · joined Jan 2025 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 4 Sep 20266 of 6 present3 independent · 3 days in between
- 31 Aug 20266 of 6 present3 independent · 96 days in between
- 26 May 20266 of 6 present3 independent · 4 days in between
- 21 May 20266 of 6 present3 independent
Audit Committee
Chair VIJAY KALRA
UDIT HARISH SHETH, SURESH SHANBHOGUE, ALOK PARASHAR
- 31 Aug 20264 of 4 present3 independent · 96 days in between
- 26 May 20264 of 4 present3 independent · 4 days in between
- 21 May 20264 of 4 present3 independent
Nomination and remuneration committee
Chair VIJAY KALRA
SURESH SHANBHOGUE, ALOK PARASHAR
- 31 Aug 20263 of 3 present3 independent · 198 days in between
- 13 Feb 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair SURESH SHANBHOGUE
URJA HARSHAL SHAH, HARISH KIRITBHAI SHETH
- 31 Aug 20263 of 3 present1 independent · 198 days in between
- 13 Feb 20263 of 3 present1 independent
Corporate Social Responsibility Committee
Chair URJA HARSHAL SHAH
UDIT HARISH SHETH, VIJAY KALRA, SURESH SHANBHOGUE
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Jun 2026.
- Sharp & Tannan Associates LLPPeer-review certificate valid to Apr 2028
1 earlier auditor
- Sharp & Tannan AssociatesNamed in filings from Mar 2025 to Mar 2026
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Setco Automotive AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Setco Automotive dividend history
Annual general meeting, 30 Sep 2026
30,360 shareholders on the register on 23 Sep 2026; present: 5 promoters and 32 others; votes counted by Shravan A. Gupta / Shravan A. Gupta & Associates.
To receive, consider and adopt; (a) The audited standalone annual financial statements of the Company for the financial year ended March 31, 2026 together with the Reports of Board of Directors and Auditors thereon; and (b) The audited consolidated annual financial statements of the Company for the financial year ended March 31, 2026 and together with the Report of Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 57.99% · promoters 97.22% · institutions 0.00% · other public 0.94%
- To appoint a director in place of Mrs. Urja Shah (DIN: 02675341), who retires by rotation and being eligible, offers herself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.13%
Turnout: all 57.99% · promoters 97.22% · institutions 0.00% · other public 0.94%
- Re-appointment and remuneration of Mr. Harish Kiritbhai Sheth (DIN: 01434459) as Chairman and Managing Director of the CompanySpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.13%
Turnout: all 57.99% · promoters 97.22% · institutions 0.00% · other public 0.94%
- Re-appointment and remuneration of Mr. Udit Harish Sheth (DIN: 00187221) as Vice Chairman and Executive Director of the CompanySpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.13%
Turnout: all 57.99% · promoters 97.22% · institutions 0.00% · other public 0.94%
- Re-appointment and remuneration of Mrs. Urja Harshal Shah (DIN: 02675341) as Executive Director of the CompanySpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.18%
Turnout: all 57.99% · promoters 97.22% · institutions 0.00% · other public 0.94%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 25 Apr 2026, 4 resolutions
29,083 shareholders on the register on 17 Apr 2026; present: 7 promoters and 35 others; votes counted by Shravan A. Gupta / Shravan A. Gupta & Associates.The company's voting result
- To approve the Transaction and authorisation for finalisation and execution of the Transaction DocumentsOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 8.32% · promoters 0.00% · institutions 0.00% · other public 20.43%
- To approve disposal of equity shares held in Setco Auto Systems Private Limited, a material subsidiary of the CompanySpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 8.32% · promoters 0.00% · institutions 0.00% · other public 20.43%
- To approve alteration of the Object Clause of the Memorandum of Association of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 67.57% · promoters 100.00% · institutions 0.00% · other public 20.43%
- To approve the change of name of the Company and consequent alteration in the Memorandum of Association and the Articles of AssociationSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 67.57% · promoters 100.00% · institutions 0.00% · other public 20.43%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 25 Sep 2025, 7 resolutions
30,308 shareholders on the register on 17 Sep 2025; present: 7 promoters and 36 others; votes counted by Shravan A. Gupta / Shravan A. Gupta & Associates.The company's voting result
To receive, consider and adopt; (a) The audited standalone annual financial statements of the Company for the financial year ended March 31, 2025 together with the Reports of Board of Directors and Auditors thereon; and (b) The audited consolidated annual financial statements of the Company for the financial year ended March 31, 2025 and together with the Report of Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.78%
Turnout: all 59.61% · promoters 100.00% · institutions 0.00% · other public 0.87%
- To appoint a director in place of Mr. Udit Sheth (DIN: 00187221), who retires by rotation and being eligible, offers himself for re-appointmentOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.91%
Turnout: all 57.54% · promoters 96.51% · institutions 0.00% · other public 0.87%
- Re-Appointment of M/s. Sharp & Tannan Associates, Chartered Accountants, as statutory auditors of the Company:Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.00%
Turnout: all 59.61% · promoters 100.00% · institutions 0.00% · other public 0.87%
- To appoint M/s. Shravan A. Gupta & Associates as Secretarial Auditor for a term of Five (5) consecutive years and to fix their remuneration:Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.87%
Turnout: all 59.61% · promoters 100.00% · institutions 0.00% · other public 0.87%
- Appointment of Mr. Vijay Kalra (DIN: 07217974) as a Director and as an Independent Director of the Company:Special99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 2.88%
Turnout: all 59.61% · promoters 100.00% · institutions 0.00% · other public 0.87%
- Appointment of Dr. Suresh Shanbhogue (DIN: 00517958) as a Director and as an Independent Director of the Company:Special99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 2.88%
Turnout: all 59.61% · promoters 100.00% · institutions 0.00% · other public 0.87%
- Appointment of Mr. Alok Shyamkrishna Parashar (DIN: 06722651) as a Director and as an Independent Director of the Company:Special99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 2.96%
Turnout: all 59.61% · promoters 100.00% · institutions 0.00% · other public 0.87%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 25 May 2025, 7 resolutions
30,308 shareholders on the register on 17 Sep 2025; present: 7 promoters and 36 others; votes counted by Shravan A. Gupta / Shravan A. Gupta & Associates.The company's voting result
To receive, consider and adopt; (a) The audited standalone annual financial statements of the Company for the financial year ended March 31, 2025 together with the Reports of Board of Directors and Auditors thereon; and (b) The audited consolidated annual financial statements of the Company for the financial year ended March 31, 2025 and together with the Report of Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.78%
Turnout: all 59.61% · promoters 100.00% · institutions 0.00% · other public 0.87%
- To appoint a director in place of Mr. Udit Sheth (DIN: 00187221), who retires by rotation and being eligible, offers himself for re-appointmentOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.91%
Turnout: all 57.54% · promoters 96.51% · institutions 0.00% · other public 0.87%
- Re-Appointment of M/s. Sharp & Tannan Associates, Chartered Accountants, as statutory auditors of the Company:Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.00%
Turnout: all 59.61% · promoters 100.00% · institutions 0.00% · other public 0.87%
- To appoint M/s. Shravan A. Gupta & Associates as Secretarial Auditor for a term of Five (5) consecutive years and to fix their remuneration:Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.87%
Turnout: all 59.61% · promoters 100.00% · institutions 0.00% · other public 0.87%
- Appointment of Mr. Vijay Kalra (DIN: 07217974) as a Director and as an Independent Director of the Company:Special99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 2.88%
Turnout: all 59.61% · promoters 100.00% · institutions 0.00% · other public 0.87%
- Appointment of Dr. Suresh Shanbhogue (DIN: 00517958) as a Director and as an Independent Director of the Company:Special99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 2.88%
Turnout: all 59.61% · promoters 100.00% · institutions 0.00% · other public 0.87%
- Appointment of Mr. Alok Shyamkrishna Parashar (DIN: 06722651) as a Director and as an Independent Director of the Company:Special99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 2.96%
Turnout: all 59.61% · promoters 100.00% · institutions 0.00% · other public 0.87%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 28 Sep 2024, 2 resolutions
Present: 7 promoters and 34 others.
1.tTo receive, consider and adopt;nn(a) tThe audited standalone annual financial statements of the Company for the financial year ended March 31, 2024 together with the Reports of Board of Directors and Auditors thereon; andn(b) tThe audited consolidated annual financial statements of the Company for the financial year ended March 31, 2024 and together with the Report of Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 59.90% · promoters 100.00% · institutions 0.00% · other public 1.60%
- 2.tTo appoint a director in place of Mr. Harish Sheth (DIN:01434459), who retires by rotation and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.33%
Turnout: all 59.90% · promoters 100.00% · institutions 0.00% · other public 1.60%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 18 May 2024, 5 resolutions
Present: 5 promoters and 30 others.
- Approval for creation of security under Section 180(1)(a) of the Companies Act, 2013.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 59.44% · promoters 100.00% · institutions 0.00% · other public 0.47%
- To Approval for extending loans, providing guarantees or giving securities for loans taken by any person or body corporate under Section 186 of the Companies Act, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 59.44% · promoters 100.00% · institutions 0.00% · other public 0.47%
- To Approval for extending loans, providing guarantees or giving securities under Section 185 of the Companies Act, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 59.44% · promoters 100.00% · institutions 0.00% · other public 0.47%
- To Approval in respect of related party transactions to be entered into inter se between the group companiesOrdinaryPromoters have an interest in it99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 0.19% · promoters 0.00% · institutions 0.00% · other public 0.47%
- Approval of issuance of share warrants by SASPL and consequent dilutionSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.13%
Turnout: all 59.44% · promoters 100.00% · institutions 0.00% · other public 0.47%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 27 Sep 2023, 5 resolutions
Present: 6 promoters and 45 others.
Adoption of standalone and consolidated Audited Financial Statements of the Company for the financial year ended March 31, 2023 together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.32%
Turnout: all 59.70% · promoters 100.00% · institutions 0.00% · other public 1.11%
- To appoint a director in place of Mrs. Urja Harshal Shah (DIN: 02675341), who retires by rotation and being eligible, offers herself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.61%
Turnout: all 59.69% · promoters 99.97% · institutions 0.00% · other public 1.11%
- To re-appoint Mr. Harish Kiritbhai Sheth (DIN: 01434459) as Chairman and Managing DirectorSpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.81%
Turnout: all 57.49% · promoters 96.27% · institutions 0.00% · other public 1.11%
- To re-appoint Mr. Udit Harish Sheth (DIN: 00187221) as Vice Chairman and Executive DirectorSpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.66%
Turnout: all 57.64% · promoters 96.51% · institutions 0.00% · other public 1.11%
- To re-appoint Mrs. Urja Harshal Shah (DIN: 02675341) as Executive DirectorSpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.66%
Turnout: all 56.50% · promoters 94.59% · institutions 0.00% · other public 1.11%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 19 Sep 2022, 3 resolutions
Present: 6 promoters and 58 others.
Adoption of standalone and consolidated Audited Financial Statements of the Company for the financial year ended March 31, 2022 together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 59.74% · promoters 100.00% · institutions 0.00% · other public 1.21%
- To appoint a director in place of Mr. Udit Sheth (DIN: 00187221), who retires by rotation and being eligible, offers himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 59.74% · promoters 100.00% · institutions 0.00% · other public 1.21%
- Appointment of M/s. Sharp & Tannan Associates, Chartered Accountants, as statutory auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 59.74% · promoters 100.00% · institutions 0.00% · other public 1.21%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Fines and tax disputes
Reported in the filing for the quarter to Sep 2026.
- Fine or penaltyBSESince 30 Jun 2026
Fine
Regulation 33 of SEBI (LODR) Regulations, 2015 - Fine or penaltyNSESince 30 Jun 2026
Fine
Regulation 33 of SEBI (LODR) Regulations, 2015 - Fine or penaltyNSESince 1 Jul 2026
Fine
Regulation 29(2)/29(3) of SEBI (LODR) Regulations, 2015 - Fine or penaltyBSESince 1 Jul 2026
Fine
Regulation 29(2)/29(3) of SEBI (LODR) Regulations, 2015 - Fine or penaltyBSESince 16 Jul 2026
Fine
Regulation 33 of SEBI (LODR) Regulations, 2015 - Fine or penaltyNSESince 16 Jul 2026
Fine
Regulation 33 of SEBI (LODR) Regulations, 2015 - Fine or penaltyBSESince 20 Aug 2026
Fine
REGULATION 13(3) of SEBI (LODR) Regulations, 2015 - Fine or penaltyNSESince 20 Aug 2026
Fine
REGULATION 13(3) of SEBI (LODR) Regulations, 2015
20 more
- Fine or penaltyBSESince 25 Aug 2026
Fine
REGULATION 27(2) of SEBI (LODR) Regulations, 2015 - Fine or penaltyNSESince 25 Aug 2026
Fine
REGULATION 27(2) of SEBI (LODR) Regulations, 2015 - Fine or penaltyBSESince 11 Sep 2026
Fine
Regulation 33 of SEBI (LODR) Regulations, 2015 - Fine or penaltyNSESince 11 Sep 2026
Fine
Regulation 33 of SEBI (LODR) Regulations, 2015 - Tax disputeIncome Tax DepartmentSince 1 Aug 2023The communication window with the CIT(A) has been enabled. No further notice received.At the filing before: First Appeal Proceedings against order u/s 154 of the Act to claim product development expense as revenue expense instead of capital expense (25%)
- Tax disputeIncome Tax DepartmentSince 15 Jun 2023Reply submitted to keep the proceedings in abeyance till completion of appeal proceedingsAt the filing before: Penalty Proceedings under section 271(1)(c) of the Act
- Tax disputeIncome Tax DepartmentSince 8 Feb 2021Written submission given, adjudication pendingAt the filing before: First Appeal Proceedings against order u/s 143(3) r.w.s 144B of the Act. Appeal is preferred as disallowance u/s 14A amounting to 4,22,85,734 for dividend income earned by company
- Tax disputeIncome Tax DepartmentSince 13 Jan 2020Reply submitted to keep the proceedings in abeyance till completion of appeal proceedingsAt the filing before: Penalty Proceedings under section 271(1)(c) of the Act
- Tax disputeIncome Tax DepartmentSince 27 Oct 2021Written submission given, adjudication pending.
At the filing before: First Appeal Proceedings against order u/s 143(3) r.w.s 144B of the Act. Appeal is preferred as addition amounting to 20,32,860 made on account of transfer of goods from non-eligible unit to eligible unit undertaken by company are at Arm Length TransactionMoreLess
- Tax disputeIncome Tax DepartmentSince 3 May 2021Reply submitted to keep the proceedings in abeyance till completion of appeal proceedingsAt the filing before: Penalty Proceedings under section 270A of the Act
- Tax disputeIncome Tax DepartmentSince 15 Nov 2022All written submission filed.Final order awaited.
At the filing before: Letter for Enablement of Communication of first Appeal Proceedings against order u/s 143(3) r.w.s 144B of the Act. Appeal is preferred as addition amounting to 15,33,511 made on account of transfer of goods from non-eligible unit to eligible unit undertaken by company are at Arm Length TransactionMoreLess
- Tax disputeIncome Tax DepartmentSince 15 Oct 2021Reply submitted to keep the proceedings in abeyance till completion of appeal proceedingsAt the filing before: Penalty Proceedings under section 270AA of the Act
- Tax disputeIncome Tax DepartmentSince 30 Sep 2022Reply Submitted and no further notice received.At the filing before: Penalty Proceedings under section 270A of the Act
- Tax disputeIncome Tax DepartmentSince 5 Oct 2023TPO passed the order making adjustment of Rs. 2,20,53,650 to the Total IncomeAt the filing before: Transfer Pricing Proceedings u/s 92CA of the Act
- Tax disputeIncome Tax DepartmentSince 10 Jul 2025Audit process concluded additional demand raised is paidAt the filing before: Audit - Notice for conducting Audit u/s 65(3)
- Tax disputeGST DepartmentSince 21 May 2025Ongoing LitigationAt the filing before: ASMT-10-Multiple Issues
- Tax disputeGST DepartmentSince 3 Aug 2024
We filed a GST appeal on 26th March 2025 against the final GST order received dated on 8th January 2025 with the Commissioner (Appeals), GST & Central Excise, 1st Floor, GST Bhawan, Race Course Circle, Vadodara - 390 007, against a GST demand of Rs. 1.04 crores, a penalty of Rs. 1.04 crores, and the interest thereon. The matter is contested before GSTATMoreLess
At the filing before: SCN cum Demand Notice issued under section 74(1) of CGST Act,2017 - GST not paid on Corporate Guarantee provided by Company to related parties and not discharged GST liability on expenditure in foreign currency - GST demand of Rs. 2.55 CroresMoreLess
- Tax disputeGST DepartmentSince 15 Nov 2023Appeal filed on 23-03-2023At the filing before: Appeal -Wrongly availment of ITC mentioned in Trans-1 form
- Tax disputeGST DepartmentSince 29 Sep 2025Appeal filed on 28-03-2026At the filing before: Appeal-Excess ITC availed in GSTR-3B than paid in GSTR-3B for Reverse Charge Mechanism
- Tax disputeGST DepartmentSince 13 Mar 2026Audit process concluded additional demand raised is paidAt the filing before: Audit - Notice for conducting Audit u/s 65(3)
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
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.