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Independent DirectorNot Applicable1964-05-02falseActiveNA2019-12-242022-12-2481.085573MsAKILA KRISHNAKUMAR******06629992Non-Executive - Independent DirectorNot Applicable1962-03-31falseActiveNA2019-12-242022-12-2481.084420MsMEENA GANESH******00528252Non-Executive - Independent DirectorNot Applicable1963-08-31falseActiveNA2023-05-242023-05-2440.085572MrNUGURI VENU******07032076Executive DirectorNot ApplicableCEO-MD1965-09-17falseActiveNA2019-12-022022-12-021020MrISMO ANTERO HAKA******08598862Non-Executive - Non Independent DirectorChairperson related to Promoter1963-05-16falseActiveNA2021-02-252021-02-251010PAN details of Mr. Ismo Antero Haka is not provided because he is a foreign national. MrJAN NIKLAS PERSSON******11239092Non-Executive - Non Independent DirectorNot Applicable1973-09-11falseActiveNA2025-08-202025-08-201000PAN details of Mr. Jan Niklas Persson is not provided because he is a foreign national.truetruetruetruetrueAudit Committee01452839MUKESH HARI BUTANINon-Executive - Independent DirectorChairperson2019-12-24Audit Committee06629992AKILA KRISHNAKUMARNon-Executive - Independent DirectorMember2019-12-24Audit Committee00528252MEENA GANESHNon-Executive - Independent DirectorMember2023-05-24Audit Committee07032076NUGURI VENUExecutive DirectorMember2019-12-24Nomination and remuneration committee06629992AKILA KRISHNAKUMARNon-Executive - Independent DirectorChairperson2019-12-24Nomination and remuneration committee01452839MUKESH HARI BUTANINon-Executive - Independent DirectorMember2023-05-24Nomination and remuneration committee11239092JAN NIKLAS PERSSONNon-Executive - Non Independent DirectorMember2025-08-20Stakeholders Relationship Committee00528252MEENA GANESHNon-Executive - Independent DirectorChairperson2023-05-24Stakeholders Relationship Committee01452839MUKESH HARI BUTANINon-Executive - Independent DirectorMember2019-12-24Stakeholders Relationship Committee07032076NUGURI VENUExecutive DirectorMember2019-12-24Stakeholders Relationship Committee08598862ISMO ANTERO HAKANon-Executive - Non Independent DirectorMember2021-02-26Risk Management Committee01452839MUKESH HARI BUTANINon-Executive - Independent DirectorChairperson2019-12-24Risk Management Committee00528252MEENA GANESHNon-Executive - Independent DirectorMember2023-05-24Risk Management Committee08598862ISMO ANTERO HAKANon-Executive - Non Independent DirectorMember2021-02-26Risk Management Committee07032076NUGURI VENUExecutive DirectorMember2019-12-24Risk Management Committee99999999AJAY SINGHChief Financial OfficerMember2019-12-24Mr. Ajay Singh, Chief Financial Officer of the Company is the Member of Risk Management CommitteeCorporate Social Responsibility Committee06629992AKILA KRISHNAKUMARNon-Executive - Independent DirectorChairperson2019-12-24Corporate Social Responsibility Committee07032076NUGURI VENUExecutive DirectorMember2019-12-24Corporate Social Responsibility Committee11239092JAN NIKLAS PERSSONNon-Executive - Non Independent DirectorMember2025-08-20Other Committee00528252MEENA GANESHEnvironmental Social and Governance CommitteeNon-Executive - Independent DirectorChairpersonOther Committee06629992AKILA KRISHNAKUMAREnvironmental Social and Governance CommitteeNon-Executive - Independent DirectorMemberOther Committee07032076NUGURI VENUEnvironmental Social and Governance CommitteeExecutive DirectorMemberOther Committee11239092JAN NIKLAS PERSSONEnvironmental Social and Governance CommitteeNon-Executive - Non Independent DirectorMember2026-05-25true6632026-08-0773true6632026-08-2820true663Corporate Social Responsibility Committee2026-05-25true3310Corporate Social Responsibility Committee2026-08-0773true3310Stakeholders Relationship Committee2026-05-25true4420Stakeholders Relationship Committee2026-08-0773true4420Audit Committee2026-05-25true4430Audit Committee2026-08-0773true4430Audit Committee2026-08-2820true4430Nomination and remuneration committee2026-05-25true3320Other Committee2026-05-25Environmental Social and Governance Committeetrue4420Risk Management Committee2026-05-25true4421truetruetruetrueYestruetruetruePoovanna AmmatandaCompany Secretary and Compliance OfficerYesYesYesYesYesYesYesYesPoovanna AmmatandaCompany Secretary and Compliance OfficerfalsePoovanna AmmatandaCompany Secretary and Compliance OfficerBangalore2026-10-0907611Assistant Commissioner, Punjagutta, Hyderabad, TelanganaOrder-in-Original No. ZD3607260653362 dated 29.05.2026 (received on 23.07.2026) passed by Assistant Commissioner, Punjagutta, Hyderabad, Telangana based on GST Audit of FY 2022-23 under applicable provisions of the Central Goods and Services Tax Act, 2017, the Integrated Goods & Services Tax Act, 2017, the Telangana Goods & Services Tax Act, 2017 and rules made thereunder with demand of Tax & Penalty.2026-07-23The Company has received an Order-in-Original from the GST authorities in Telangana for FY 2022-23 concerning the alleged excess availment of Input Tax Credit based on the reconciliation between Form GSTR-3B and Form GSTR-2A.Demand of IGST: Rs. 8,20,669/- Penalty: Rs. 82,067.00 The Company will file necessary appeal before the Appellate Authority along with necessary reconciliations in this regard within the permissible timeline. Based on assessment of facts and prevailing law, the Company is of the view that the Tax Demand and Penalty levied is arbitrary, unjustified and unsustainable in law.The Deputy Commissioner of Income Tax2025-06-30After the completion of scrutiny assessment for FY 2020-21, the Company had received a show cause notice under section 148A (procedure before issuance of notice u/s 148) for re-assessment under section 147 on March 29, 2025. The Company had responded to the said notice in April 2025 with full explanation highlighting that there is no escapement of income during the assessment proceedings. However, the Assessing Officer did not take the same into account and initiated the reassessment proceedings by passing the order u/s 148A(3) on June 30, 2025. In the said order, the Assessing Officer has proposed an adjustment to taxable income to the tune of Rs. 28,06,45,970 with corresponding tax impact of Rs. 9,39,41,860 including interest. As per the Income-tax law provisions, the proceedings u/s 148 of the Act should be carried out though automated allocation and under faceless assessment manner. Hence, the Company believes that the notice and the order issued by the Jurisdictional Assessing Officer u/s 148 of the Act are bad in law and are liable to be quashed. Notwithstanding the same, the Company had filed a revised return u/s 148 on August 25, 2025 (replica of the original return) as required under the provisions of the Act. Further, the Company has responded to the notice in the month of October, 2025, with all necessary supporting documents to justify that the expenses claimed by the Company were in order and are allowable under the provisions of the Act. The re-assessment proceedings are yet to be disposed off. The Company has received a notice under Section 143(2) read with Section 147 of the Income-tax Act, 2025 on June 22, 2026, seeking supporting documents and evidence in relation to the return of income filed. The Company is in the process of furnishing the requisite details and supporting evidence before the tax authorities within the prescribed timeline. The matter has been adjourned and is currently scheduled for hearing on July 14, 2026.The Company submitted its response to the said notice on July 14, 2026. The Company further received a notice u/s 142(1) on August 19, 2026, seeking inter-alia, details and justification regarding the allowability of exceptional items comprising additional project costs and provision for doubtful receivables. The Company submitted a detailed response on September 25, 2026, explaining the nature and allowability of these amounts, including the fact that certain provisions were subsequently reversed and offered to tax, wherever applicable. In addition to the aforementioned detailed response, the Company is currently collating the relevant documentary evidences, which will be submitted in due course.The Deputy Commissioner of Income Tax2026-01-21This case was selected for scrutiny assessment for FY2021-22, pursuant to which the Assessing Officer (“AO”) referred the matter to the Transfer Pricing Officer (“TPO”) for carrying out the transfer pricing assessment. The transfer pricing assessment was concluded and the TPO proposed a transfer pricing adjustment aggregating to INR 113.2 crores on account of alleged low margins in the manufacturing segment, system integration segment and deemed interest on delayed receivables. The transfer pricing order was issued on January 23, 2025. Subsequently, the AO passed a draft assessment order under section 144C(1) of the Income-tax Act, 1961 on March 4, 2025, incorporating the proposed transfer pricing adjustments. In addition, the AO disallowed Group Management Fees amounting to INR 69.95 crores, without duly considering the submissions made by the Company. Aggrieved by the draft assessment order, the Company filed objections before the Dispute Resolution Panel (“DRP”) on April 2, 2025. The DRP issued its directions on December 26, 2025, largely confirming the adjustments proposed by the TPO. However, with respect to the Group Management Fees, while the DRP confirmed the disallowance made by the AO, it directed that the said fees should not be considered while computing the margins for the manufacturing segment and system integration segment. Pursuant to the directions of the DRP, the AO passed the final assessment order on January 21, 2026, wherein the Group Management Fees amounting to INR 699.5 million and interest on delayed receivables amounting to INR 16.4 million were disallowed. On account of these disallowances, the segmental margins improved and were within the range determined by the TPO. Consequently, the transfer pricing adjustment aggregating to INR 1,114.8 million was deleted, resulting in a reduced tax demand of INR 260.9 million as against the earlier demand of INR 435.8 million. The Company is of the view that no addition is warranted in respect of the disallowance of Group Management Fees and notional interest on delayed receivables. Accordingly, the Company has preferred an appeal before the Income-tax Appellate Tribunal (“ITAT”) on March 25, 2026 against the aforesaid additions. The Company has received a notice from the Income Tax Appellate Tribunal (ITAT) scheduling the hearing in the matter on August 19, 2026. The Company is in the process of preparing and filing the paper book and other supporting documents in accordance with the prescribed procedures and timelines.The hearing was further adjourned. The next date of hearing is yet to be notified by the ITAT Bench. In the meantime, the Company has submitted he paper book on October 06, 2026. Hearing awaited.Assistant Commissioner of Commercial Taxes, Bengaluru2024-09-02The Company received an order from GST authorities in respect of GST audit conducted for Karnataka in relation to FY 2019-20. There is tax demand of INR 46.29 Crore (GST – INR 24.41 Crore plus interest & penalty – INR 21.87 Crore). The Company filed an Appeal on December 2, 2024 before Joint Commissioner of Commercial Taxes, Bengaluru. Hearing for appeal filed on December 2, 2024 before Joint Commissioner of Commercial Taxes, Bengaluru is concluded. The Company awaits the order. The Appeal filed on on December 2, 2024, before Joint Commissioner of Commercial Taxes, Bengaluru, has been rejected on March 11, 2025. Accordingly, awaiting the formation of Goods and Service Tax Tribunal for filing appeals against the Joint Commissioner of Commercial Taxes (Appeals) order. The company has filed an appeal before the GST Appellate Tribunal on June 28, 2026There is no update during the quarter ended September 30, 2026.Assistant Commissioner of Commercial Taxes, Bengaluru2023-03-02Post de-merger, non-novated transactions were carried out with ABB India Limited ('ABB') in FY 2019-20 & FY 2020-21 and offshore sales by transfer of documents of title to the goods were transacted. The goods moved from a country (other than India) and where destined for Nepal / Bangladesh / Sri Lanka. While raising invoice on ABB we had charged GST. However, since these transactions were carried out entirely outside India, no GST should have been charged. Accordingly, The Company had issued credit Note to ABB and lodged refund claim of INR 14.41 Crores with GST authorities. The Company filed an Appeal on June 3, 2022 before Joint Commissioner of Commercial Taxes, Bengaluru and same was rejected on December 26, 2023 and September 24, 2024. Awaiting the formation of Goods and Service Tax Tribunal for filing appeals against the Joint Commissioner of Commercial Taxes (Appeals) order. The Company has filed appeals before the GST Appellate Tribunal on May 23, 2026 and May 25, 2026.There is no update during the quarter ended September 30, 2026.Deputy Commissioner of Commercial Taxes, Vadodara2023-10-28In respect of Q2 FY 2022-23, refund claim of INR 19.39 Crores has been rejected by Deputy Commissioner of Commercial Taxes, Vadodara. The Company is eligible for refund in respect of export turnover of both goods and services. However, turnover relating to services was not considered by tax authorities. Further, Input Tax Credit (ITC) amount was considered as NIL in refund computation. Accordingly, the Company filed an Appeal on January 24, 2024 before Additional Commissioner (Appeals), Vadodara and the same has been rejected on October 25, 2024. Awaiting the formation of Goods and Service Tax Tribunal for filing appeal against the order. The Company has filed an appeal before the GST Appellate Tribunal on June 30, 2026.There is no update during the quarter ended September 30, 2026.Deputy Commissioner of Commercial Taxes, Vadodara2023-11-03In respect of Q3 & Q4 of FY 2021-22, Input Tax Credit (ITC) refund of INR 10.51 crores was received. Subsequently, pursuant to internal review by Goods and Service Tax authorities, they filed an appeal before Additional Commissioner of GST seeking to deny the refund. The Company filed cross objection on April 17, 2024 before Additional Commissioner (Appeals), Vadodara and the same has been rejected on October 25, 2024. Awaiting the formation of Goods and Service Tax Tribunal for filing appeal against the order. The Company has filed an appeal before the GST Appellate Tribunal on June 30, 2026.There is no update during the quarter ended September 30, 2026.Assistant Commissioner of GST, Nandanam, Chennai2025-02-27The Company has received an order from Assistant Commissioner (State Tax), Nandambakkam Assessment Circle, Chennai, Tamil Nadu (“GST Authority”) based on GST Assessment for the FY 2020- 21 with the demand of Penalty of Rs. 74,91,593/- under applicable provisions of the Central Goods and Services Tax Act, 2017, the Integrated Goods & Services Tax Act, 2017, the Tamil Nadu Goods & Services Tax Act, 2017 and rules made thereunder. There is a total demand of INR 13.45 Crores (GST – INR 7.49 Crore plus interest & penalty – INR 5.96 Crores). The Company has received the order from the aforesaid authorities for alleged excess availment of Input Tax Credit (ITC) in GSTR-3B returns. Based on assessment of facts and prevailing law, the Company is of the view that the penalty levied is, arbitrary, unjustified and unsustainable in law. Accordingly, the Company has filed an appeal before Deputy Commissioner of State Taxes, Chennai on May 27, 2025 against the order passed by Assistant Commissioner of GST, Nandanam, Chennai. Pursuant to the appeal filed by the Company before the Deputy Commissioner of State Taxes, Chennai on May 27, 2025, against the assessment order issued by the Assistant Commissioner of GST, Nandanam, Chennai, a personal hearing was conducted on December 31, 2025. Pursuant to the hearing, Order-in-Appeal was passed on February 02, 2026 by the Deputy Commissioner (Appeals), Chennai, partially allowing the Company’s appeal and reducing the total demand from INR 13.45 Crores to INR 3.21 Crores (comprising GST of INR 1.69 Crores, interest of INR 1.35 Crores and penalty of INR 16.98 Lakhs). For the balance portion of the demand that has been disallowed, the Company proposes to file an appeal before the GST Appellate Tribunal, Chennai, once the Tribunal is constituted. The Company has filed an appeal before the GST Appellate Tribunal on June 30, 2026 for the balance demand.There is no update during the quarter ended September 30, 2026.Joint Commissioner, CGST & CE, Vadodara-I2025-08-07Demand raised in respect of departmental appeal for Q3 & Q4 of FY 2021-22, Q1 & Q2 of 2022-23 wherein Input Tax Credit refund was already received by the Company. Subsequently, pursuant to internal review by Goods and Service Tax (GST) authorities, GST Department filed an appeal before Additional Commissioner of GST seeking to deny the refund and demanding INR 19.66 crores (INR 17.87 crores GST and INR 1.79 crores Penalty). Accordingly, An appeal was filed by the Company before the Joint Commissioner, CGST & CE, Vadodara-I on January 08, 2026. Personal hearing was duly attended on January 21, 2026. The matter is currently pending for receipt of the order. Order in Appeal was issued on February 05, 2026, rejecting our appeal. Accordingly, the Company has filed a fresh appeal before the GST Appellate Tribunal on June 30, 2026.There is no update during the quarter ended September 30, 2026.Deputy Commissioner State Tax, Sector-20, Lucknow, Uttar Pradesh2025-12-10The Company has received the order from GST authorities in respect of GST audit conducted for Uttar pradesh in relation to FY 2021-22 for alleged: - short payment of Tax on outward supply for the difference of value declared in TDS return and GST return - ITC availed on cancelled dealer invoices - Input tax availed and utilized on blocked Input tax credit Total Tax Demands: GST: Rs. 9,02,10,392.00, Penalty: Rs. 90,21,037.00 plus Interest as per UP SGST Act, 2017 (not quantified) Based on assessment of facts and prevailing law, the Company is of the view that the Tax Demand and Penalty levied is arbitrary, unjustified and unsustainable in law. Accordingly, the Company has filed an appeal before the appellate authority in this regard on March 11, 2026. Hearing awaited.There is no update during the quarter ended September 30, 2026.Deputy Commissioner of Commercial Taxes, (Large Taxpayers Unit)- III, Bengaluru2025-12-29The Company has received the order from GST authorities in respect of GST audit conducted for Karnataka in relation to FY 2021-22 for alleged: - Non-payment of GST on E-way bill transactions - Wrong payment of GST on supplies to Solar project - NonPayment of GST on Non-GST supplies (Import of Services) Total Tax Demands: GST: Rs. 75,49,347.00, Interest: Rs. 58,11,549.00 Penalty: Rs. 7,66,295.00 Based on assessment of facts and prevailing law, the Company is of the view that the Tax Demand and Penalty levied is arbitrary, unjustified and unsustainable in law. Accordingly, the Company has filed an appeal before the appellate authority in this regard on March 29, 2026. Hearing awaited.There is no update during the quarter ended September 30, 2026.Assistant Commissioner (ST), Nandambakkam Assessment Circle, Chennai, Tamil Nadu2025-12-29The Company has received the order from GST authorities in respect of GST audit conducted for Tamil Nadu in relation to FY 2021-22 for alleged: - Excess ITC reversal reported in Form GSTR-09 - ITC claimed from cancelled dealers, return defaulters & tax non payers - Interest on ITC reversed under Rule 37 Total Tax Demands: GST: Rs. 69,046.00, Interest: Rs. 1,61,903.00, Penalty: Rs. 20,000.00 Based on assessment of facts and prevailing law, the Company is of the view that the Tax Demand and Penalty levied is arbitrary, unjustified and unsustainable in law. Accordingly, the Company has filed an appeal before the appellate authority in this regard on March 29, 2026. Hearing awaited.There is no update during the quarter ended September 30, 2026.Assistant Commissioner, Punjagutta, Hyderabad2026-07-23Not ApplicableThe Company has received an Order-in-Original from the GST authorities in Telangana for FY 2022-23 concerning the alleged excess availment of Input Tax Credit based on the reconciliation between GSTR-3B and GSTR-2A. The order has confirmed an IGST demand of INR 8.21 lakhs and Penalty of INR 0.82 lakhs The Company will file necessary appeal before the Appellate Authority along with necessary reconciliations in this regard within the permissible timeline. Based on assessment of facts and prevailing law, the Company is of the view that the Tax Demand and Penalty levied is arbitrary, unjustified and unsustainable in law.