KHFM Submits Integrated Governance Report for March 2025 Quarter

K N Mishra

    24/Apr/2025

What's covered under the Article:

  • KHFM filed its Integrated Governance Report for Q4 FY25 in compliance with SEBI and exchange circulars.

  • No investor complaints, penalties, or corporate governance issues were reported for the quarter.

  • Updates provided on ongoing tax litigations with state and central authorities, including appeal statuses.

KHFM Hospitality & Facility Management Services Limited, listed on the SME Platform of the National Stock Exchange of India (NSE EMERGE), has submitted its Integrated Governance Report for the quarter ended March 31, 2025, as per the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 and other applicable regulatory requirements issued by NSE and BSE. The submission complies with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR), and is designed to ensure transparency and accountability to stakeholders.

This report, covering the period of Q4 FY 2024-2025, highlights the company’s adherence to governance principles, investor grievance redressal mechanisms, and ongoing tax-related matters. Importantly, the company has confirmed that Annexure I (Part A), relating to the Corporate Governance Compliance Report, is not applicable, as KHFM is listed on the SME Exchange and is thus exempt from these provisions.

Key Compliance Details:

  1. Investor Grievance Redressal: The company reported no investor complaints for the quarter. No grievances were pending at the start or end of the quarter, and none were received or resolved during the period. This demonstrates the company's strong track record in addressing shareholder concerns efficiently.

  2. Tax Litigations: The company has ongoing tax disputes, primarily related to State Tax and GST matters, with appeals filed in various cases. These include disputes filed with the Assistant Commissioner of State Tax in Mumbai and appeals pending before the Appellate Authority for several cases. A notable case involves an Income Tax assessment filed in March 2025, with an appeal submitted to the Commissioner of Income Tax (Appeals) on April 17, 2025.

Detailed Overview of Tax Disputes:

The tax litigation details for the company reveal a number of disputes still in progress:

  • Several appeals against the Assistant Commissioner of State Tax, with the Deputy Commissioner and Joint Commissioner handling the pending cases at various levels.

  • A pending GST dispute is also awaiting resolution at the CESTAT level, concerning matters raised in previous years.

The company continues to manage these legal and financial matters proactively, ensuring that all regulatory obligations are met in accordance with the SEBI guidelines.

Other Regulatory Disclosures:

In accordance with the SEBI Circular, KHFM has also confirmed that the provisions relating to disclosure of loans, guarantees, comfort letters, and other financial commitments were not applicable during the quarter. The company also affirmed that no penalties or fines were imposed during the reporting period, thus maintaining a clean slate in terms of regulatory compliance.

The SCORE ID for investor complaints has been confirmed, with the registration number COMZ00561, ensuring that the company is fully equipped to handle any future grievances through the SEBI mechanism.

Conclusion:

KHFM Hospitality & Facility Management Services Limited has ensured compliance with all relevant regulations as outlined by SEBI, NSE, and BSE, reinforcing its commitment to corporate governance and transparency. The company’s submission of the Integrated Governance Report provides shareholders and investors with important updates on both its governance practices and ongoing legal matters, ensuring they remain informed and confident in the company’s operations.

The management expresses confidence in the company’s strategic direction and looks forward to addressing the outstanding tax disputes while maintaining its operational integrity. This report signifies KHFM's ongoing commitment to upholding best practices in corporate governance and investor relations.

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