Board Meeting Details

  • Meeting held on 8th July 2026 at the Registered Office of the Company
  • Timing: Commenced at 5:00 PM and concluded at 6:30 PM

Key Decisions and Updates

1. Director Appointment

  • Board approved appointment of Mr. Ajay Das (DIN: 11812819) as Additional Director of the Company
  • Effective from: 8th July 2026
  • Appointment to be regularized in upcoming AGM/EGM

2. GST Penalty Notice

  • Board received and reviewed Show Cause Notice (SCN) No: DGGI/INT/INTL/1506/2024-Gr C-01-O/o Pr ADG-DGGI-ZU-BENGALURU
  • Issuing Authority: DGGI Bangalore (Directorate General of GST Intelligence)
  • Penalty Details:
  • ₹20,45,65,858 under Section 122(1)(ii) of Central Goods and Services Tax Act, 2017
  • ₹28,85,85,966 under Section 122(1)(vii) of Central Goods and Services Tax Act, 2017
  • Total Penalty: ₹49,31,51,824 (₹49.31 crore)
  • Company's Stance: Believes the notice is incorrect and will prepare to challenge with adjudicating authorities

3. Financial Results Postponement

  • Approval postponed for:
  • Audited/Unaudited Standalone & Consolidated Financial Results for:
  • Half year and full year ended 31st March 2025
  • Half year ended 30th September 2025
  • Half and full year ended 31st March 2026
  • Reason: Preoccupation of auditor
  • Next Board Meeting scheduled for 13th July 2026 to approve these financial results