Statutory
Disclosures
BARREL (Bharat Atom Renewable Resources Energy Limited) is committed to full, timely, and transparent statutory disclosure to all stakeholders — shareholders, regulators, employees, lenders, partners, and the public. This page contains all mandatory statutory disclosures required under applicable Indian law and regulation.
01. Corporate Information
Mandatory company particulars under Companies Act, 2013
Group & Associate Companies
All entities forming part of BARREL Group under Companies Act, 2013
| Sr. | Entity Name | Type | Nature of Business | BARREL Relationship | Status |
|---|---|---|---|---|---|
| 01 | MSP Energy Infra Pvt. Ltd. | Pvt. Ltd. | Energy Infrastructure | Associate — 24% BARREL / Stena | ✅ Active |
| 02 | Niccau Industries Pvt. Ltd. | Pvt. Ltd. | Energy Industries | Group — 64% Stena, 26% Manee | ✅ Active |
| 03 | Niccau Energy Infra Pvt. Ltd. | Pvt. Ltd. | Energy Infrastructure | Group — 64% Stena, 26% Manee | ✅ Active |
| 04 | Niccau Green Hydrogen Pvt. Ltd. | Pvt. Ltd. | Green Hydrogen | Group — 64% Stena, 26% Manee | ✅ Active |
| 05 | Niccau Renewable Energy Pvt. Ltd. | Pvt. Ltd. | Renewable Power | Group — 64% Stena, 26% Manee | ✅ Active |
| 06 | Bharat Agrovoltaic Industries Pvt. Ltd. | Pvt. Ltd. | Agrovoltaic Solar | Group — 74% Stena, 26% Manee | ✅ Active |
| 07 | Halix Bharat Pvt. Ltd. | Pvt. Ltd. | Energy Technology | Group — 74% Stena, 26% Manee | ✅ Active |
| 08 | Solar Baba Pvt. Ltd. | Pvt. Ltd. | Consumer Solar | Group — 74% Stena, 26% Manee | ✅ Active |
| 09 | Lithium Valley India Inc. | Pvt. Ltd. | BESS Manufacturing | Group — 74% Stena, 26% Manee | ✅ Active |
| 10 | Maha Solar Park Pvt. Ltd. | Pvt. Ltd. | Solar Power | Group — 74% Stena, 26% Manee | ✅ Active |
| 11 | Maha Wind Park Pvt. Ltd. | Pvt. Ltd. | Wind Power | Group — 74% Stena, 26% Manee | ✅ Active |
| 12 | Maha Agrovoltaic Industries Pvt. Ltd. | Pvt. Ltd. | Agrovoltaic Solar | Group — 74% Stena, 26% Manee | ✅ Active |
| 13 | Maha Floating Solar Park Pvt. Ltd. | Pvt. Ltd. | Floating Solar | Group — 74% Stena, 26% Manee | ✅ Active |
| 14 | Jalaram Solar Energy LLP | LLP | Solar Energy | Associate — 24% Stena, 26% Manee | ✅ Active |
| 15 | Project SPVs (As Incorporated) | Pvt. Ltd. | Project Companies | 100% BARREL during EPC phase | 📈 Various |
02. Directors & Key Managerial Personnel
Disclosure under Section 149, 196, and Schedule V of Companies Act, 2013
| DIN / DPIN | Name | Designation | Category | Date of Appointment | Status |
|---|---|---|---|---|---|
| To be updated | Stena Shah (Sanjaykumar Shah) | Managing Director & Founder | Promoter — Executive | At Incorporation | ✅ Active |
| To be updated | Yakshni Shah | Co-Promoter Director | Promoter — Non-Executive | At Incorporation | ✅ Active |
| To be updated | Marjaan Shah | Co-Promoter Director | Promoter — Non-Executive | At Incorporation | ✅ Active |
| To be updated | Jitendra Shah | Executive Director — Finance | Executive Director | To be updated | ✅ Active |
| To be updated | Chandulal Patel | Executive Director — Projects | Executive Director | To be updated | ✅ Active |
| To be updated | Chhabu Nagare | Executive Director — Operations | Executive Director | To be updated | ✅ Active |
| To be updated | Anil Pagar | Executive Director | Executive Director | To be updated | ✅ Active |
| To be updated | Ashruba Garad | Executive Director | Executive Director | To be updated | ✅ Active |
| To be updated | Asha Kalantri | Executive Director | Executive Director | To be updated | ✅ Active |
| To be updated | Hemant Pathak | Technical Director — Nuclear & Storage | Technical Director | To be updated | ✅ Active |
| To be updated | Datta Nagare | Technical Director — Solar & Hybrid | Technical Director | To be updated | ✅ Active |
| To be updated | Dilip Patil | Technical Director — Transmission | Technical Director | To be updated | ✅ Active |
| To be updated | Rohit Patel | Non-Executive Director | Non-Executive | To be updated | ✅ Active |
| To be updated | Yash Patel | Non-Executive Director | Non-Executive | To be updated | ✅ Active |
| To be updated | Amal Krishna Pillai | Independent Director — Audit Chair | Independent — Non-Executive | To be updated | ✅ Active |
| To be updated | Priyanka Kumari Sharma | Independent Director — Legal | Independent — Non-Executive | To be updated | ✅ Active |
| To be updated | Priyanka Pathare | Non-Executive Director | Non-Executive | To be updated | ✅ Active |
| To be updated | Shamlal Mohekar | Non-Executive Director | Non-Executive | To be updated | ✅ Active |
| To be updated | Kranti Kale | Non-Executive Director | Non-Executive | To be updated | ✅ Active |
| To be updated | Sarala Mohekar | Non-Executive Director | Non-Executive | To be updated | ✅ Active |
| To be updated | Vishwajeet Nagare | Non-Executive Director | Non-Executive | To be updated | ✅ Active |
| To be updated | Krishna Nagare | Non-Executive Director | Non-Executive | To be updated | ✅ Active |
04. Financial Disclosures
Annual accounts, audit reports, and financial statements as required under Companies Act, 2013
Annual Report & Audited Financial Statements — FY 2024–25
Standalone and Consolidated Balance Sheet, P&L, Cash Flow, Notes to Accounts, Director's Report, and Statutory Auditor's Report
Statutory Auditor's Report — FY 2024–25
Independent Auditor's Report under Section 143 of Companies Act, 2013 — including CARO 2020 Report
Secretarial Audit Report — Form MR-3 — FY 2024–25
Secretarial Audit Report by a Practising Company Secretary under Section 204 of Companies Act, 2013
Internal Audit Report — FY 2024–25
Internal Audit findings, observations, and management responses as presented to the Audit Committee
Directors' Remuneration Statement
Disclosure of remuneration paid to all Directors and KMPs under Rule 5 of Companies (Appointment & Remuneration) Rules, 2014
05. Statutory Compliance Status
Status of compliance with key statutes applicable to BARREL Group operations
| Statute / Act | Key Compliance Requirement | Authority | Periodicity | Status |
|---|---|---|---|---|
| Companies Act, 2013 | Annual Return (MGT-7), Financial Statements, Board Meetings, Statutory Registers | MCA / RoC | Annual / Quarterly | ✅ Compliant |
| Income Tax Act, 1961 | Income Tax Return, TDS / TCS filing, Tax Audit Report (Form 3CA/3CB) | CBDT | Annual / Monthly | ✅ Compliant |
| GST Acts (CGST / SGST) | GSTR-1, GSTR-3B, Annual Return GSTR-9, GST Audit (GSTR-9C) | CBIC / GST Council | Monthly / Annual | ✅ Compliant |
| Electricity Act, 2003 | Generation licence, open access application, grid code compliance, CERC / SERC filings | CERC / SERC / CEA | As applicable | ✅ Compliant |
| Environment Protection Act, 1986 | Environmental Clearance, EMP compliance, CEMS data submission, CTE / CTO renewal | MoEF / SPCB | Annual / Ongoing | ✅ Compliant |
| Atomic Energy Act, 1962 | AERB site licence, construction licence, nuclear security, radiation monitoring reports | AERB / DAE | Ongoing / Annual | 📈 In Progress |
| Factories Act, 1948 | Factory licence, Annual Return, safety officer appointment, welfare facilities | Factory Inspector | Annual | ✅ Compliant |
| EPF & MP Act, 1952 | PF registration, monthly ECR filing, annual return | EPFO | Monthly / Annual | ✅ Compliant |
| ESI Act, 1948 | ESI registration, contribution payment, annual return | ESIC | Monthly / Half-yearly | ✅ Compliant |
| Prevention of Corruption Act | ABAC framework, annual certification, gift register, due diligence records | CBI / ED | Ongoing / Annual | ✅ Compliant |
| DPDP Act, 2023 | Data fiduciary registration, consent management, privacy notice, breach reporting | Data Protection Board | Ongoing | 📈 Implementation |
| Mines & Minerals Act, 1957 | Mining lease compliance, statutory reports to IBM, royalty payment | IBM / State Govt. | Ongoing / Annual | ✅ Compliant |
| Foreign Exchange (FEMA) | FDI reporting, ECB filing, ODI compliance where applicable | RBI / ED | As applicable | ✅ Compliant |
06. Board-Approved Policies & Codes
All mandatory and voluntary governance policies adopted by the BARREL Board of Directors
Code of Business Conduct & Ethics
Standards for all Directors, employees, vendors, and business associates — annual acknowledgement required
Anti-Bribery & Anti-Corruption (ABAC) Policy
Zero-tolerance policy on all forms of bribery and corrupt practice — aligned with Prevention of Corruption Act and UK Bribery Act
Whistleblower & Vigil Mechanism Policy
Confidential reporting mechanism with Audit Committee oversight and absolute retaliation protection
Insider Trading Prevention Policy (PIT Regulations)
Trading window, pre-clearance, UPSI definition, and reporting requirements for designated persons
ESG & Sustainability Policy
Environmental stewardship, social commitment including Manee Foundation, and governance standards — covering all group entities
Related Party Transaction (RPT) Policy
Arm's-length pricing, Audit Committee approval, and disclosure requirements for all related party transactions
Data Privacy & Information Security Policy
Aligned with DPDP Act 2023 — covering data collection, processing, third-party sharing, and breach response
Responsible Procurement & Supply Chain Policy
ESG standards extended to all suppliers and contractors — supplier code of conduct, onboarding assessment, audit programme
POSH Policy — Prevention of Sexual Harassment
Internal Complaints Committee (ICC) constitution, complaint mechanism, and annual report as required under POSH Act, 2013
Nomination & Remuneration Policy
Director appointment criteria, board diversity policy, KMP remuneration framework, and performance evaluation process
07. Litigation & Regulatory Proceedings
Disclosure of material litigation, arbitration, and regulatory proceedings as required under applicable law
| Nature | Entity / Parties | Forum | Subject Matter | Amount (if applicable) | Status |
|---|---|---|---|---|---|
| Civil / Commercial | BARREL Group | — | No material civil or commercial litigation pending | NIL | ✅ NIL |
| Tax — Income Tax | BARREL Group | CIT / ITAT | No material income tax dispute pending | NIL | ✅ NIL |
| Tax — GST / Indirect | BARREL Group | GST Tribunal | No material GST or indirect tax dispute pending | NIL | ✅ NIL |
| Regulatory — Environmental | BARREL Group | NGT / MoEF | No regulatory proceedings from any environmental authority pending | NIL | ✅ NIL |
| Regulatory — Electricity | BARREL Group | CERC / SERC | No material regulatory proceedings from electricity regulators pending | NIL | ✅ NIL |
| Labour / Employment | BARREL Group | Labour Court | No material labour or employment dispute pending | NIL | ✅ NIL |
| Criminal / FIR | Any Director / KMP | Court of Law | No criminal proceeding against any Director, KMP, or the Company | NIL | ✅ NIL |
| Arbitration | BARREL Group | Arbitral Tribunal | No arbitration proceedings pending as party | NIL | ✅ NIL |
08. Corporate Social Responsibility (CSR)
CSR disclosure under Section 135 of Companies Act, 2013 and Companies (CSR Policy) Rules, 2014
| FY | Prescribed CSR Amount (2% of avg. net profit) | Amount Spent | Programmes / Focus Areas | Implementing Agency | Status |
|---|---|---|---|---|---|
| 2024–25 | As per audited P&L — to be calculated | To be disclosed in Annual Report | Rural development, education, clean water, environment | Manee Foundation (Sec. 8) | ✅ Compliant |
| 2025–26 | As per audited P&L — to be calculated | To be disclosed in Annual Report | Farmer welfare, agrovoltaic community, skill development | Manee Foundation (Sec. 8) | 📈 Current Year |
Rural Development
Village electrification, clean water infrastructure, sanitation, and rural road connectivity in communities adjacent to BARREL project areas.
Education & Skill Development
Scholarships for meritorious students from economically weaker sections, vocational training in solar and electrical trades, and digital literacy programmes.
Environment & Biodiversity
Afforestation programmes, watershed development, soil and water conservation, and ecological restoration at and around BARREL project sites.
Farmer Welfare
Agrovoltaic programme beneficiary support, irrigation access improvement, crop insurance advisory, and co-operative formation for farming communities.
09. Manee Foundation — Structural Social Equity Disclosure
Specific disclosure on BARREL's permanent non-dilutable 26% social equity commitment
10. POSH & Equal Opportunity Disclosures
Annual disclosure under Sexual Harassment of Women at Workplace Act, 2013
| FY | ICC Constitution | Complaints Received | Complaints Disposed | Complaints Pending | Status |
|---|---|---|---|---|---|
| 2024–25 | ✅ Constituted | NIL | N/A | NIL | ✅ Compliant |
| 2025–26 | ✅ Constituted | To be updated in Annual Report | To be updated | To be updated | 📈 Current Year |
11. General Statutory Notices & Disclaimer
Important notices, limitations, and legal disclaimers applicable to this page
📋 Forward-Looking Statements
This website and the disclosures contained herein may contain forward-looking statements. Such statements are based on current expectations, estimates, and projections of the Company's management and involve known and unknown risks, uncertainties, and other factors that could cause actual results, performance, or achievements to differ materially from those expressed or implied in such statements.
Forward-looking statements are not guarantees of future performance. BARREL undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement was made, unless required by applicable law.
⚖ No Offer or Solicitation
The information on this Statutory Disclosures page is provided for information purposes only and does not constitute, and should not be construed as, an offer, invitation, or solicitation to buy or sell any securities of BARREL or any BARREL Group entity. Nothing on this page constitutes investment advice or a prospectus, information memorandum, or offering document of any kind.
Persons seeking to invest in BARREL Group entities should obtain and carefully read all relevant offer documents, consult independent financial, legal, and tax advisers, and verify all information independently before making any investment decision.
🔒 Data & Privacy Notice
BARREL collects and processes personal data in accordance with India's Digital Personal Data Protection Act, 2023 (DPDP Act). For details of what data BARREL collects, how it is used, how long it is retained, and how data subjects may exercise their rights, please refer to BARREL's Privacy Policy available at privacy@barrel.energy.
📋 Accuracy & Updates
BARREL makes every effort to ensure that the statutory disclosures on this page are accurate, complete, and up to date at the time of publication. However, given the volume and complexity of regulatory requirements applicable to a multi-entity energy group, some disclosures may be updated on a periodic basis rather than real-time.
For the most current and legally authoritative version of any statutory disclosure — including annual returns, financial statements, charges, or director appointments — please refer to the relevant filings on the Ministry of Corporate Affairs (MCA) portal at www.mca.gov.in or contact BARREL's Company Secretary at governance@barrel.energy.
12. Statutory & Regulatory Contacts
Contact details for all statutory, regulatory, investor, and governance communications
Company Secretary & Compliance Officer
For all statutory filings, MCA compliance, Board matter queries, and formal shareholder communications.
governance@barrel.energy
Chief Financial Officer (CFO)
For financial statements, audit reports, lender communications, and financial regulatory filings.
finance@barrel.energy
Vigil Mechanism / Whistleblower
For confidential reporting of ethics violations, misconduct, or policy breaches — direct to Audit Committee Chair.
vigil@barrel.energy
Manee Foundation
For queries regarding Manee Foundation's governance, programmes, and social equity structure in BARREL Group.
foundation@barrel.energy
Legal & Regulatory Affairs
For regulatory proceedings, litigation matters, government liaison, and legal compliance queries.
legal@barrel.energy
Investor Relations
For investment enquiries, shareholding queries, and financial information requests from existing or prospective investors.
invest@barrel.energy
For in-person or postal communication with BARREL's Company Secretary or Registered Office, please email first to obtain the current address, as BARREL's office details are updated as operations expand.