Integrated Filing-Governance



General information about company

Scrip Code 000000
NSE Symbol ASHALOG
MSEI Symbol NOTLISTED
ISIN INE0LAA01017
Name of the entity ASHAPURA LOGISTICS LIMITED
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Reporting Quarter Quarterly
Date of Quarter Ending 31-Dec-2024
Type of company SME
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? No
Reason For Part A Of Annexure ICompliance Report On Corporate Governance Is Not Applicable To The Entity This is to inform you that as per Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the compliance with the Corporate Governance provisions as specified in regulation 17 to 27 and clauses (b) to (i) and (t) of sub-regulation (2) of 46 and para C, D and E of Schedule V of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, shall not apply in respect of: a) The listed entity having paid up equity share capital not exceeding rupees ten crore and net worth not exceeding rupees twenty-five crore, as on the last day of previous financial year. b) The listed entity which has listed its specified securities on the SME Exchange. The company, Ashapura Logistics Limited has listed its specified securities on SME Exchange. As the company falls under the ambit of the aforesaid exemption, the compliance with the Corporate Governance provision specified in the aforesaid Regulation shall not be applicable to the Company. Therefore, it is not required to submit Corporate Governance Report for the quarter ended 31.12.2024.
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? No
Reason For Part C Of Annexure I Disclosure Of Acquisition Of Shares OrVotingRightsInUnlistedCompaniesIsNotApplicableToTheEntity The company has not acquired any shares of unlisted company during the reporting quarter
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? No
Reason For Part D Of Annexure I Disclosure Of Imposition Of Fine Or Penalty Is Not Applicable To The Entity Fine or Penalty has not been imopsed on the company during the reporting quarter.
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? Yes
Risk management committee
Market Capitalisation as per immediate previous Financial Year
Is SCORE ID Available ? Yes
SCORE Registration ID coma01248
Reason For No SCORE ID
Type of Submission Original
Remarks (website dissemination)
Remarks for Exchange (not for Website Dissemination)



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
Whether the listed entity has a Regular Chairperson
Whether Chairperson is related to MD or CEO Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory



Audit Committee Details
Whether the Audit Committee has a Regular Chairperson
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks



Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular Chairperson
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks



Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular Chairperson
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks



Annexure 1
III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Notes for not providing Date Whether requirement of Quorum met (Yes/No) Total Number of Directors as on date of the meeting Number of Directors present* (All directors including Independent Director) No. of Independent Directors attending the meeting*



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)



Annexure 1
VI. Affirmations
Sr Subject Compliance status (Yes/No)
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities)
6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015.
7 The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015
8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors.
9 Any comments/observations/advice of Board of Directors may be mentioned here:



Annexure 1
Sr Subject Compliance status
1 Name of signatory
2 Designation



Details of Cyber security incidence
Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr Date of the event Brief details of the event



Signatory Details
Name of signatory
Designation of person
Place
Date


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 0
No. of investor complaints received during the Quarter 0
No. of investor complaints disposed off during the Quarter 0
No. of investor complaints those remaining unresolved at the end of the Quarter 0


Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies-
The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below
Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies
Sr. No. Name of the unlisted company in which shares or voting rights have been acquired Date of acquisition Aggregate holding (% shares or voting rights) as at the end of the previous quarter % shares or voting rights acquired during the quarter Aggregate holding (% shares or voting rights) as at the end of the quarter


Disclosure of Imposition of Fine or Penalty
The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:
Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr. No. Name of the authority Nature and details of the action(s) taken or order(s) passed Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority Details of the violation(s)/ contravention(s) committed or alleged to be committed Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible


Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes Notes: 1. In respect of dispute/tax litigation disclosed in point 2,3, 5 and 8, date of initiation of litigation is actually date of appeal filed by the company. 2. Since it is the first quarter for reporting tax litigations, we have disclosed all the tax litigations pending against the company. Further, for the tax litigations disclosed in the utility there are no updates in the reporting quarter. 3. For dispute mentioned in point 7, it is hereby clarified that the company has received intimation on account of short payment and short deduction of TDS and late filing fees u/s 234E Interest u/s 220 and 221 of the Income Tax Act for various years from 2019-2020 to 2023-24 on various dates from 11-08-2020 to 19-07-2024, but for better disclosures we have mentioned date of receipt of first intimation i.e. 11-08-2020 as date of initiaiton of dispute/litigation. For sake of brevity, all these litigations of different years have been consolidated and disclosed in point no. 7.
Sr. No. Name of the opposing party Date of initiation of the litigation / dispute Status of the litigation / dispute as per last disclosure Current status of the litigation / dispute
1 GST DEPARTMENT, DELHI 23-Jan-2024 Summary show cause notice u/s 122(3) of CGST/DGST Act, 2017 was received. The company has filed detailed reply in the matter and the same is pending for response from the concerned authority. Summary show cause notice u/s 122(3) of CGST/DGST Act, 2017 was received. The company has filed detailed reply in the matter and the same is pending for response from the concerned authority.
2 GST DEPARTMENT, GUJARAT 30-Mar-2024 Show cause notice u/s 73 was issued. The company has filed appeal against the same. Show cause notice u/s 73 was issued. The company has filed appeal against the same.
3 GST DEPARTMENT, GUJARAT 23-Jul-2024 Summary show cause notice u/s 73 was issued. The company has filed appeal against the same. Summary show cause notice u/s 73 was issued. The company has filed appeal against the same.
4 GST DEPARTMENT, GUJARAT 30-Aug-2024 Intimation of tax ascertained as being payable u/s. 73(5) was received. The company has filed application for rectification of order. Intimation of tax ascertained as being payable u/s. 73(5) was received. The company has filed application for rectification of order.
5 GST DEPARTMENT, MAHARASHTRA 25-Jan-2023 Show cause notice u/s. 73,61(1) r.w.r Rule 142(1A) was issued. The appeal filed by the company for the same has been rejected and payment of amount demanded is still pending. Show cause notice u/s. 73,61(1) r.w.r Rule 142(1A) was issued. The appeal filed by the company for the same has been rejected and payment of amount demanded is still pending.
6 GST DEPARTMENT, MAHARASHTRA 25-Mar-2022 Interest levied u/s. 50(1) of the Maharashtra GST Act. Payment of interest is pending from company's end. Interest levied u/s. 50(1) of the Maharashtra GST Act. Payment of interest is pending from company's end.
7 INCOME TAX DEPARTMENT 11-Aug-2020 Communication notice received for default on account of short payment and short deduction of TDS and late filing fees u/s 234E Interest u/s 220 and 221 of the Income Tax Act but no action for recovery of the same has been intiated by the department. Communication notice received for default on account of short payment and short deduction of TDS and late filing fees u/s 234E Interest u/s 220 and 221 of the Income Tax Act but no action for recovery of the same has been intiated by the department.
8 INCOME TAX DEPARTMENT 12-May-2023 An assessment order has been passed u/s 147 of the Income Tax Act, 1961. The appeal filed by the company is pending with the concerned department. An assessment order has been passed u/s 147 of the Income Tax Act, 1961. The appeal filed by the company is pending with the concerned department.
9 INCOME TAX DEPARTMENT 16-Mar-2023 Notice for penalty u/s 274 read with 271AAC(1) of the Income Tax Act, 1961. Penalty proceedings have been initiated against the company. Notice for penalty u/s 274 read with 271AAC(1) of the Income Tax Act, 1961. Penalty proceedings have been initiated against the company.