Innovators Facade Systems Ltd

Key outcomes

• Re-appointment of Y. R. Doshi & Co. as Cost Auditor for FY2026-27.
• Remuneration of INR 40,000 plus applicable taxes and out-of-pocket expenses.
• Term to audit cost records for the financial year ending 31 March 2027.
• Effective date: 25 August 2026.
• Approved Directors’ Report and MD&A for FY 2025-2026.
• Notice convening 27th Annual General Meeting.
• Annexure provides brief profile of M/s Y.R. Doshi & Co. as Cost Auditor.

Internal Audit Re-appointment

• Re-appointment of M/s. K. C. Shah & Associates as Internal Auditors for FY 2026-27.
• Date of re-appointment: 06 August 2026, for FY 2026-27.
• Brief profile: firm provides internal audit, accounting, taxation, and advisory services.

GST penalty update

• GST penalty of Rs 1,67,077 imposed by Karnataka GST department for FY 2018-19 to 2022-23.
• Penalty notice received on 15 July 2026; order under evaluation with potential appeal.
• Company expects no material impact on financials, operations, or business activities.
• Management will consider appropriate action, including appeals to higher authorities.

Dematerialisation status

• Dematerialisation requests during the quarter were processed (accepted/rejected) and listed on stock exchanges.
• Dematerialisation certificates received were mutilated and cancelled after verification; depository name substituted as registered owner within timelines.

Order award

• Reliance Industries Limited awarded the order.
• Scope covers design, supply, and installation of façade works.
• Project is Anant Vilas Project, BKC, Mumbai.
• Order value is INR 84.84 crores, excluding taxes.
• Reliance Industries Limited is a domestic entity.
• Estimated completion period is one year from work order.
• Formal work order terms are being finalized.
• No promoter or group interest was disclosed.
• No related party transaction was disclosed.

Awarding entity

• Lodha Developers Limited awarded the work order.

Contract scope

• Design, supply, and installation of façade works for Lodha Worli Sea Face Project.

Order value

• Order size is INR 76.82 crores, excluding taxes.

Entity type

• The awarding entity is domestic.

Execution period

• Estimated completion period is two years.

Terms and governance

• No promoter or group company interest was disclosed.
• The transaction is not a related party transaction.