Name of statute Nature of dues Forum where dispute is pending Period to which the amount relates Amount unpaid* (` cr) Telangana Commissioner Appeals 2017-18 0.06 Uttarakhand Commissioner Appeals 2019-20 0.02 Gujarat Value Added Tax, 2003 Value Added Tax Gujarat Joint Commissioner Appeals 2016-17 2017-18 0.28 Gujarat Value Added Tax Tribunal, Ahmedabad 2014-15 2015-16 0.72 * Net of amount paid under protest I refund adjusted by the tax authorities (viii) There were no transactions relating to previously unrecorded income that were surrendered or disclosed as income in the tax assessments under the Income Tax Act, 1961 (43 of 1961) during the year. (ix) a) The Company has not defaulted in the repayment of loans or borrowings or in the payment of interest thereon to any lender during the year. b) The Company has not been declared willful defaulter by any bank or financial institution or government or any government authority. c) The Company has not taken any term loans during the year and there are no outstanding term loans at the beginning of the year and hence, reporting under clause (ix)(c) of the Order is not applicable. d) On an overall examination of the Financial Statements of the Company, funds raised on shortterm basis have, prima facie, not been used during the year for long-term purposes by the Company. e) On an overall examination of the Financial Statements of the Company, the Company has not taken any funds from any entity or person on account of or to meet the obligations of its subsidiaries, associate and joint venture. f) The Company has not raised loans during the year on the pledge of securities held in its subsidiaries or joint ventures or associate companies. (x) a) The Company has not issued any of its securities (including debt instruments) during the year and hence reporting under clause (x)(a) of the Order is not applicable. b) During the year the Company has not made any preferential allotment or private placement of shares or convertible debentures (fully or partly or optionally) and hence reporting under clause (x)(b) of the Order is not applicable to the Company. (xi) a) To the best of our knowledge, no fraud by the Company and no material fraud on the Company has been noticed or reported during the year. b) To the best of our knowledge, no report under Subsection (12) of Section 143 of the Companies Act has been filed in Form ADT-4 as prescribed under rule 13 of Companies (Audit and Auditors) Rules, 2014 with the Central Government, during the year and up to the date of this report. c) As represented to us by the Management, there were no whistle blower complaints received by the Company during the year. (xii) The Company is not a Nidhi Company and hence reporting under Clause (xii) of the Order is not applicable. (xiii) In our opinion, the Company is in compliance with Section 177 and 188 of the Companies Act, 2013, where applicable, for all transactions with the related parties and the details of related party transactions have been disclosed in the Standalone Financial Statements etc as required by the applicable Accounting Standards. (xiv) a) In our opinion the Company has an adequate internal audit system commensurate with the size and the nature of its business. b) We have considered, the internal audit reports issued to the Company during the year and till date, for the period under audit in determining nature, timing and extent of our audit procedures. (xv) In our opinion, during the year, the Company has not entered into any non-cash transactions with its Directors or Directors of its subsidiary companies, associate company or persons connected with such director and hence provisions of Section 192 of the Companies Act, 2013, are not applicable to the Company. (xvi) a) In our opinion, the Company is not required to be registered under Section 45-IA of the Reserve Bank of India Act, 1934. Hence, reporting under Clause (xvi)(a), (b) and (c) of the Order is not applicable. b) The Group does not have any core investment company as part of the a part of the Group and accordingly reporting under Clause (xvi)(d) of the Order is not applicable. (xvii) The Company has not incurred cash losses during the financial year covered by our audit and the immediately preceding financial year. 156 156 Integrated Annual Report 2024-25
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