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Abbott India MD, chairman, board of directors and AGM

NSE: ABBOTINDIABSE: 500488Pharmaceuticals & BiotechnologyMid Cap

Last close ₹25,030.00down ₹330.00 (1.30%)BSE ₹25,004.30

Share price at the NSE close on 23 Oct 2026. Previous close ₹25,360.00.

52-week range of traded prices to 23 Oct 2026
₹24,650.00Low, 23 Oct 2026₹30,655.00High, 25 Nov 2025
Market cap
₹53,187 Cr183rd largest listed
P/E
32.9
P/B
11.1
Dividend yield
2.62%
ROE
35.9%
ROCE
39.6%
Debt to equity
0.00
Volume, NSE
7,88155.2% delivered

Abbott India board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.

  • ChairpersonMunir Shaikh
  • Managing directorKartik Rajendran
  • Company Secretary and Compliance OfficerSangeeta Shetty

9 directors3 independent1 executive5 non-executive

  • Munir Shaikh · ChairpersonNon-executive · joined Mar 2001 · reappointed Aug 2024 · 1 listed board · 1 committee seat
  • Kartik Rajendran · Managing directorExecutive · joined Jun 2025 · 1 listed board · 1 committee seat
  • Vivek MohanNon-executive · joined Jan 2026 · 1 listed board
  • Sudarshan JainIndependent · joined Apr 2019 · reappointed Apr 2022 · 87 months as independent · 1 listed board · 1 as independent · 3 committee seats
  • Shalini KamathIndependent · joined Oct 2019 · reappointed Oct 2022 · 80 months as independent · 3 listed boards · 3 as independent · 4 committee seats
  • Neeraj JainIndependent · joined Apr 2026 · 2 months as independent · 4 listed boards · 4 as independent · 8 committee seats, 3 as chair
  • Kaiyomarz MarfatiaNon-executive · joined Feb 2016 · reappointed Aug 2025 · 2 listed boards · 1 as independent · 3 committee seats, 2 as chair
  • James WennerNon-executive · joined Apr 2026 · 1 listed board
  • Darshan GadaNon-executive · joined Aug 2025 · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

5 directors who left
  • Anisha Motwani, left 24 Apr 2026: Tenure Completion
  • Alison Davies, left 22 Apr 2026: Others
  • Ambati Venu, left 31 Dec 2025: Others
  • Swati Dalal, left 13 Jun 2025: Others
  • Sridhar Kadangode, left 16 Dec 2024: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 11 May 20269 of 9 present3 independent · 18 days in between
    • 22 Apr 20268 of 9 present3 independent · 47 days in between
    • 5 Mar 20269 of 9 present3 independent
    • 12 Feb 20269 of 9 present3 independent

  • Audit Committee

    Chair Neeraj Jain

    Munir Shaikh, Sudarshan Jain, Shalini Kamath

    • 11 May 20264 of 4 present3 independent · 87 days in between
    • 12 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Sudarshan Jain

    Vivek Mohan, Shalini Kamath

    • 11 May 20263 of 3 present2 independent · 18 days in between
    • 22 Apr 20263 of 3 present2 independent · 47 days in between
    • 5 Mar 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Kaiyomarz Marfatia

    Kartik Rajendran, Shalini Kamath, Neeraj Jain

    • 11 May 20264 of 4 present2 independent

  • Risk Management Committee

    Chair Kartik Rajendran

    Sudarshan Jain, Neeraj Jain, Kaiyomarz Marfatia, Darshan Gada

    • 11 May 20264 of 5 present2 independent

  • Corporate Social Responsibility Committee

    Chair Munir Shaikh

    Kartik Rajendran, Shalini Kamath, Vivek Mohan

    • 11 May 20264 of 4 present1 independent · 87 days in between
    • 12 Feb 20265 of 5 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • Walker Chandiok & Co LLPPeer-review certificate valid to May 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Abbott India AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Abbott India dividend history

Annual general meeting, 13 Aug 2026

78,993 shareholders on the register on 6 Aug 2026; present: 3 promoters and 89 others; votes counted by Taizoon Khumri / Khumri Wagh Fatehi & Associates LLP.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 83.02% · promoters 100.00% · institutions 85.74% · other public 0.41%

  2. To declare a final dividend of Rs. 525/- and special dividend of Rs. 131/- per Equity Share for the financial year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 83.02% · promoters 100.00% · institutions 85.75% · other public 0.40%

  3. To note the retirement by rotation of Mr. Munir Shaikh (DIN: 00096273), who has not offered himself for re-appointment, and to not fill the vacancy so created.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.55%

    Turnout: all 83.02% · promoters 100.00% · institutions 85.74% · other public 0.41%

  4. To appoint a Director in place of Mr. Kaiyomarz Marfatia (DIN: 03449627), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.19% · other public 3.16%

    Turnout: all 83.02% · promoters 100.00% · institutions 85.74% · other public 0.41%

  5. To ratify the remuneration payable to Kishore Bhatia & Associates, Cost Auditors, for the financial year 2026-27.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.13%

    Turnout: all 83.02% · promoters 100.00% · institutions 85.74% · other public 0.41%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 13 Aug 2026, 12 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.
    12 for0 against
  • To declare a final dividend of Rs. 525/- and special dividend of Rs. 131/- per Equity Share for the financial year ended March 31, 2026.
    12 for0 against
  • To note the retirement by rotation of Mr. Munir Shaikh (DIN: 00096273), who has not offered himself for re-appointment, and to not fill the vacancy so created.
    12 for0 against
  • To appoint a Director in place of Mr. Kaiyomarz Marfatia (DIN: 03449627), who retires by rotation and being eligible, offers himself for re-appointment.
    12 for0 against
  • To ratify the remuneration payable to Kishore Bhatia & Associates, Cost Auditors, for the financial year 2026-27.
    12 for0 against

Mutual fund votes, meeting of 16 Jun 2026, 32 fund houses

  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • 1) Appoint James Wenner (DIN: 11650998) as Non-Executive Non-Independent Director from 23 April 2026, liable to retire by rotation.
    1 for0 against
  • 2) Appoint Neeraj Jain (DIN: 00348591) as Independent Director for three years from 25 April 2026.
    1 for0 against
  • Appoint James Wenner (DIN: 11650998) as Non-Executive Non-Independent Director from 23 April 2026, liable to retire by rotation
    5 for0 against
  • Appoint Neeraj Jain (DIN: 00348591) as Independent Director for three years from 25 April 2026
    5 for0 against
  • Appointment of Mr. James Wenner (DIN: 11650998) as a Non-Executive Director of the Company, liable to retire by rotation.
    23 for0 against
  • Appointment of Mr. Neeraj Jain (DIN: 00348591), as an Independent Director of the Company, not liable to retire by rotation and to hold office for a period of 3 (three) consecutive years with effect from April 25, 2026.MoreLess
    23 for0 against
  • Elect James Wenner as Director
    2 for0 against
  • Elect Neeraj Jain as Director
    2 for0 against
6 earlier meetings

Mutual fund votes, meeting of 17 Feb 2026, 32 fund houses

  • Item 1, as a fund house numbered it
    1 for0 against
  • 1) Appoint Vivek Mohan (DIN: 00075006) as Non-Executive Non-Independent Director from 1 January 2026, liable to retire by rotation.
    1 for0 against
  • Appoint Vivek Mohan (DIN: 00075006) as Non-Executive Non-Independent Director from 1 January 2026, liable to retire by rotation
    4 for0 against
  • Appointment of Mr. Vivek Mohan (DIN: 00075006) as a Non-Executive Director of the Company, liable to retire by rotation.
    24 for0 against
  • Elect Vivek Mohan as Director
    2 for0 against

Mutual fund votes, meeting of 14 Oct 2025, 33 fund houses

  • Item 1, as a fund house numbered it
    1 for0 against
  • 1) Appoint Darshan Gada (DIN: 08174581) as Non-Executive Non-Independent Director from 18 August 2025, liable to retire by rotation.
    1 for0 against
  • Appoint Darshan Gada (DIN: 08174581) as Non-Executive Non-Independent Director from 18 August 2025, liable to retire by rotation
    5 for0 against
  • Appointment of Mr. Darshan Gada (DIN: 08174581) as a Non-Executive Director of the Company, liable to retire by rotation.
    24 for0 against
  • Elect Darshan Gada as Director
    2 for0 against

Mutual fund votes, meeting of 13 Aug 2025, 32 fund houses

  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against
  • Item 6, as a fund house numbered it
    1 for0 against
  • Item 7, as a fund house numbered it
    1 for0 against
  • Item 8, as a fund house numbered it
    Against Taurus Mutual Fund
    • Taurus Mutual FundKartik Rajendran, 45, is being appointed as Managing Director for five years from 14 June 2025. He will be paid Rs. 45.0 mn annually as salary and perquisites. He is also entitled to performance linked incentive/commission of up to 100% of salary. Further, as per the remuneration terms, he is entitled to stock options from Abbott Laboratories, USA. The company has not disclosed the quantum of stock options. In the absence of clarity, we are unable to estimate and make an informed decision on his overall remuneration. The company must disclose the quantum of stock options that will be granted to Kartik Rajendran over his entire tenure and cap the overall remuneration in absolute terms. The company should also disclose performance metrics that will determine variable pay. Given these reasons, we do not support the resolution.
    0 for1 against
  • 1) Adoption of Audited Financial Statements for the year ended 31st March, 2025 and the Reports of the Directors and Auditors thereon.
    1 for0 against
  • 2) Approve final dividend of Rs. 475.0 per equity share, of face value of Rs. 10.0 for FY25.
    1 for0 against
  • 3) Reappoint Ms. Alison Davies (DIN: 10658884) as Non-Executive Non-Independent Director, liable to retire by rotation.
    1 for0 against
  • 4) Reappoint Kaiyomarz Marfatia (DIN: 03449627) as Non-Executive Non-Independent Director, liable to retire by rotation.
    1 for0 against
  • 5) Appoint BNP & Associates as Secretarial Auditors for five years from FY26 and fix their remuneration.
    1 for0 against
  • 6) Approve remuneration of Rs. 0.9 mn payable to Joshi Apte & Associates as cost auditor for FY26.
    1 for0 against
  • 7) Appoint Kartik Rajendran (DIN: 09527717) as Director from 14 June 2025.
    1 for0 against
  • 8) Appoint Kartik Rajendran (DIN: 09527717) as Managing Director for five years from 14 June 2025, not liable to retire by rotation, and fix his remuneration.
    1 for0 against
  • Accept Financial Statements and Statutory Reports
    2 for0 against
  • Adoption of financial statements for the year ended 31 March 2025
    3 for0 against
  • Appoint BNP & Associates as Secretarial Auditors for five years from FY26 and fix their remuneration
    3 for0 against
  • Appoint Kartik Rajendran (DIN: 09527717) as Director from 14 June 2025
    3 for0 against
  • Appoint Kartik Rajendran (DIN: 09527717) as Managing Director for five years from 14 June 2025, not liable to retire by rotation, and fix his remuneration
    Against Canara Robeco Mutual Fund
    • Canara Robeco Mutual FundKartik Rajendran, 45, is being appointed as Managing Director for five years from 14 June 2025. He will be paid Rs. 45.0 mn annually as salary and perquisites. He is also entitled to performance linked incentive/commission of up to 100% of salary. Further, as per the remuneration terms, he is entitled to stock options from Abbott Laboratories, USA. The company has not disclosed the quantum of stock options. In the absence of clarity, we are unable to estimate and make an informed decision on his overall remuneration. The company must disclose the quantum of stock options that will be granted to Kartik Rajendran over his entire tenure and cap the overall remuneration in absolute terms. The company should also disclose performance metrics that will determine variable pay. Additionally, the cost of parent company RSUs is being borne by Indian listed entity. Given these reasons, we do not support the resolution.
    2 for1 against
  • Appointment of M/s. BNP and Associates, Company Secretaries (Firm Registration No. P2014MH037400), as the Secretarial Auditors of the Company for a term of 5 (five) consecutive financial years i.e., from financial year 2025-26 to financial year 2029-30, at such remuneration as may be approved by the Audit Committee and the Board of Directors of the Company from time to time.MoreLess
    25 for0 against
  • Appointment of Mr. Kartik Rajendran (DIN: 09527717) as a Director of the Company with effect from June 14, 2025.
    25 for0 against
  • Appointment of Mr. Kartik Rajendran (DIN: 09527717) as Managing Director of the Company, for a period of 5 (five) years, with effect from June 14, 2025 to June 13, 2030, not liable to retire by rotation and including remuneration.MoreLess
    Against Axis Mutual Fund, Bank of India Mutual Fund, Mirae Asset Mutual Fund
    • Axis Mutual Fund, Bank of India Mutual FundKartik Rajendran, 45, is being appointed as Managing Director for five years from 14 June 2025. He will be paid Rs. 45.0 mn annually as salary and perquisites. He is also entitled to performance linked incentive/commission of up to 100% of salary. Further, as per the remuneration terms, he is entitled to stock options from Abbott Laboratories, USA. The company has not disclosed the quantum of stock options. In the absence of clarity, we are unable to estimate and make an informed decision on his overall remuneration. The company must disclose the quantum of stock options that will be granted to Kartik Rajendran over his entire tenure and cap the overall remuneration in absolute terms. The company should also disclose performance metrics that will determine variable pay. Given these reasons, we do not support the resolution.
    • Mirae Asset Mutual FundIn line with advisory recommendation (passive holding)
    22 for3 against
  • Approve Appointment and Remuneration of Kartik Rajendran as Managing Director
    Against Franklin Templeton Mutual Fund, HSBC Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns: • The company has not disclosed the quantum of stock options which Kartik Rajendran is entitled to receive or the performance metrics and targets on which such incentive would be based. This could lead to discretionary payouts. • The incentive structure could create conflicts of interest for the executive. • His estimated remuneration cannot be ascertained.
    • HSBC Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns:• The company has not disclosed the quantum of stock options which Kartik Rajendran is entitled to receive or the performance metrics and targets on which such incentive would be based. This could lead to discretionary payouts.• The incentive structure could create conflicts of interest for the executive.• His estimated remuneration cannot be ascertained.
    0 for2 against
  • Approve BNP & Associates as Secretarial Auditors and Authorize Board to Fix Their Remuneration
    2 for0 against
  • Approve Final Dividend
    2 for0 against
  • Approve final dividend of Rs. 475.0 per equity share, of face value of Rs. 10.0 for FY25
    3 for0 against
  • Approve Remuneration of Cost Auditors
    2 for0 against
  • Approve remuneration of Rs. 0.9 mn payable to Joshi Apte & Associates as cost auditor for FY26
    3 for0 against
  • Elect Kartik Rajendran as Director
    2 for0 against
  • Ratification of remuneration of Rs. 0.09 Crores plus taxes as applicable and reimbursement of out-of-pocket expenses, payable to M/s. Joshi Apte and Associates, Cost Accountants (Firm Registration No. 000240), for conducting the Cost Audit of the Company for the financial year 2025-26.MoreLess
    25 for0 against
  • Reappoint Kaiyomarz Marfatia (DIN: 03449627) as Non-Executive Non-Independent Director, liable to retire by rotation
    3 for0 against
  • Reappoint Ms. Alison Davies (DIN: 10658884) as Non-Executive Non-Independent Director, liable to retire by rotation
    3 for0 against
  • Reelect Alison Davies as Director
    2 for0 against
  • Reelect Kaiyomarz Marfatia as Director
    2 for0 against
  • To appoint a Director in place of Mr. Kaiyomarz Marfatia (DIN: 03449627), who retires by rotation and being eligible, offers himself for re-appointment.
    25 for0 against
  • To appoint a Director in place of Ms. Alison Davies (DIN: 10658884), who retires by rotation and being eligible, offers herself for re-appointment.
    25 for0 against
  • To declare a final dividend of Rs. 475/- per Equity Share for the financial year ended March 31, 2025.
    25 for0 against
  • To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2025 together with the Reports of the Board of Directors and Auditors thereon.
    25 for0 against

Mutual fund votes, meeting of 8 Aug 2024, 30 fund houses

  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against
  • Item 6, as a fund house numbered it
    1 for0 against
  • Item 7, as a fund house numbered it
    1 for0 against
  • 1) Adoption of Audited Financial Statements for the year ended March 31, 2024 and the reports of the Directors and Auditors thereon.
    1 for0 against
  • 2) Approve final dividend of Rs. 410.0 per equity share, of face value of Rs. 10.0 for FY24.
    1 for0 against
  • 3) Reappoint Ambati Venu (DIN: 07614849) as Non-Executive Non-Independent Director, liable to retire by rotation.
    1 for0 against
  • 4) Reappoint Munir Shaikh (DIN: 00096273) as Non-Executive Non-Independent Director, liable to retire by rotation and approve his continuation on the board after attaining 75 years of age.
    1 for0 against
  • 5) Appoint Walker Chandiok & Co. as Statutory Auditors for five years from the conclusion of the 2024 AGM and fix their remuneration.
    1 for0 against
  • 6) Approve remuneration of Rs. 0.9 mn payable to Joshi Apte & Associates as cost auditor for FY25.
    1 for0 against
  • 7) Appoint Ms. Alison Davies (DIN: 10658884) as Non-Executive Non-Independent Director from 13 June 2024, liable to retire by rotation.
    1 for0 against
  • Accept Financial Statements and Statutory Reports
    2 for0 against
  • Adoption of financial statements for the year ended 31 March 2024
    2 for0 against
  • Appoint Ms. Alison Davies (DIN: 10658884) as Non-Executive Non-Independent Director from 13 June 2024, liable to retire by rotation
    2 for0 against
  • Appoint Walker Chandiok & Co. as Statutory Auditors for five years from the conclusion of the 2024 AGM and fix their remuneration
    2 for0 against
  • Appointment of M/s Walker Chandiok and Co LLP, Chartered Accountants (Firm Registration No. 001076N/ N500013) as the Statutory Auditors of the Company for a term of 5 (five) years i. e. from the conclusion of this Annual General Meeting till the conclusion of Eighty- fifth Annual General Meeting of the Company, at such remuneration.MoreLess
    23 for0 against
  • Appointment of Ms Alison Davies (DIN : 10658884) as a Director of the Company, liable to retire by rotation.
    23 for0 against
  • Approve Final Dividend
    2 for0 against
  • Approve final dividend of Rs. 410.0 per equity share, of face value of Rs. 10.0 for FY24
    2 for0 against
  • Approve Remuneration of Cost Auditors
    2 for0 against
  • Approve remuneration of Rs. 0.9 mn payable to Joshi Apte & Associates as cost auditor for FY25
    2 for0 against
  • Approve Walker Chandiok & Co LLP, Chartered Accountants as Auditors and Authorize Board to Fix Their Remuneration
    2 for0 against
  • Elect Alison Davies as Director
    2 for0 against
  • Ratification of remuneration of Rs. 0.09 Crores plus taxes as applicable and reimbursement of reasonable out -of- pocket expenses, payable to M/s Joshi Apte and Associates, Cost Accountants (Firm Registration No. 000240), for conducting the Cost Audit of the Company for the financial year 2024 - 25.MoreLess
    23 for0 against
  • Reappoint Ambati Venu (DIN: 07614849) as Non-Executive Non-Independent Director, liable to retire by rotation
    2 for0 against
  • Reappoint Munir Shaikh (DIN: 00096273) as Non-Executive Non-Independent Director, liable to retire by rotation and approve his continuation on the board after attaining 75 years of age
    2 for0 against
  • Reelect Ambati Venu as Director
    2 for0 against
  • Reelect Munir Shaikh as Director
    2 for0 against
  • To appoint a Director in place of Mr. Ambati Venu (DIN: 07614849), who retires by rotation and being eligible, offers himself for re-appointment.
    23 for0 against
  • To appoint a Director in place of Mr Munir Shaikh (DIN : 00096273), who has attained the age of seventy- five years and who retires by rotation and being eligible, offers himself for re-appointment.
    23 for0 against
  • To approve, appointment of a Director in place of Mr Ambati Venu (DIN : 07614849), who retires by rotation and being eligible, offers himself for re-appointment.
    1 for0 against
  • To approve, appointment of a Director in place of Mr Munir Shaikh (DIN : 00096273), who has attained the age of seventy-five years and who retires by rotation.
    1 for0 against
  • To approve, Appointment of M/s Walker Chandiok & Co LLP as the Statutory Auditors of the Company.
    1 for0 against
  • To approve, Appointment of Ms Alison Davies (DIN : 10658884) as Director, liable to retire by rotation.
    1 for0 against
  • To approve, Ratification of remuneration payable to M/s Joshi Apte & Associates, Cost Auditors, for the financial year 2024-25.
    1 for0 against
  • To declare a final dividend of ` 410/- per Equity Share for the financial year ended March 31, 2024
    1 for0 against
  • To declare a final dividend of Rs. 410/- per Equity Share for the financial year ended March 31, 2024.
    23 for0 against
  • To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2024 together with the Reports of Directors and Auditors thereon.
    24 for0 against

Mutual fund votes, meeting of 8 Jul 2024, 1 fund house

  • 1. RESOLVED That the Audited Financial Statements of the Company for thefinancial year ended March 31, 2024, together with the Report of the Board of Directors and Auditors thereon be and are hereby received, approved, and adopted. 2. RESOLVED That final dividend at the rate of Rs 410/- (Rupees Four Hundred and Ten Only) per share on 2,12,49,302 fully paid-up equity shares of Rs 10/- each, be and is hereby declared for the year ended March 31, 2024. RESOLVED Further That the said dividend be paid on and after August 13, 2024, to those Members whose names appear on the Register of Members and to the Beneficial Owners of the Shares as on July 19, 2024, as per the details furnished by the Depositories for this purpose. 3. RESOLVED That Mr Ambati Venu (DIN : 07614849), who retires by rotation at this Annual General Meeting and being eligible for re-appointment, be and is hereby re-appointed as Director of the Company, liable to retire by rotation. 4. RESOLVED That pursuant to the provisions of Section 152 and all other applicable provisions, if any, of the Companies Act, 2013 and Rules framed thereunder (including any statutory modification(s) or re-enactment(s) thereof for the time being in force) and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, Mr Munir Shaikh (DIN : 00096273), who has attained the age of seventy-five years and who retires by rotation at this Annual General Meeting and being eligible for re-appointment, be and is hereby re-appointed as Director of the Company, liable to retire by rotation. 5. Further That the Audit Committee/ Board of Directors of the Company, be and are hereby authorized to revise/ alter/ modify/ amend the terms and conditions and/ or remuneration, from time to time, as may be mutually agreed with the Auditors, during the tenure of their appointment. 6. That pursuant to the provisions of Section 148 and all other applicable provisions, if any, of the Companies Act, 2013 and the Rules framed thereunder (including any statutory modification(s) or re enactment(s) thereof for the time being in force), and as approved by the Audit Committee and the Board of Directors of the Company, remuneration of Rs. 0.09 Crores plus taxes as applicable and reimbursement of reasonable out-of-pocket expenses, payable to M/s Joshi Apte & Associates, Cost Accountants (Firm Registration No. 000240), for conducting the Cost Audit of the Company for the financial year 2024-25, be and is hereby ratified. 7. That pursuant to the provisions of Section 152 and other applicable provisions of the Companies Act, 2013 and the Rules framed thereunder (including any statutory modification or re-enactment thereof for the time being in force) read with Article 113 of the Articles of Association of the Company, Ms Alison Davies (DIN : 10658884), who was appointed as an Additional Director of the Company with effect from June 13, 2024 and who holds office till the date of this Annual General Meeting in terms of Section 161 of the Companies Act, 2013, and in respect of whom the Company has received a notice in writing from a Member proposing her candidature for the office of DirectorMoreLess
    1 for0 against

Mutual fund votes, meeting of 25 Apr 2024, 31 fund houses

  • 1) Appoint Ms. Swati Dalal (DIN: 01513751) as Director from 1 April 2024.
    1 for0 against
  • 2) Appoint Ms. Swati Dalal (DIN: 01513751) as Managing Director for three years from 1 April 2024, not liable to retire by rotation, and fix her remuneration.
    1 for0 against
  • Appoint Ms. Swati Dalal (DIN: 01513751) as Director from 1 April 2024
    3 for0 against
  • Appoint Ms. Swati Dalal (DIN: 01513751) as Managing Director for three years from 1 April 2024, not liable to retire by rotation, and fix her remuneration
    3 for0 against
  • Appointment of Ms Swati Dalal (DIN: 01513751) as a Director of the Company.
    1 for0 against
  • Appointment of Ms. Swati Dalal (DIN : 01513751) as a Director of the Company with effect from April 1, 2024.
    23 for0 against
  • Appointment of Ms. Swati Dalal (DIN : 01513751) as Managing Director of the Company, for a period of 3 years, with effect from April 1, 2024 to March 31, 2027, not liable to retire by rotation and including remuneration.MoreLess
    23 for0 against
  • Appointment of Ms Swati Dalal (DIN: 01513751) as the Managing Director of the Company.
    1 for0 against
  • Approve Appointment and Remuneration of Swati Dalal as Managing Director
    Against Franklin Templeton Mutual Fund, HSBC Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns: • The company has not disclosed the quantum of stock options that can be granted to her time to time of the holding company. The board has discretion to determine the outcome under this element. • The performance metrics, targets and thresholds for determining performance linked incentives /commission and number of stock options have not been disclosed.
    • HSBC Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns:• The company has not disclosed the quantum of stock options that can be granted to her time to time of the holding company. The board has discretion to determine the outcome under this element.• The performance metrics, targets and thresholds for determining performance linked incentives /commission and number of stock options have not been disclosed
    0 for2 against
  • Elect Swati Dalal as Director
    2 for0 against
  • To receive, Appointment of Ms Swati Dalal (DIN : 01513751) as a Director of the Company.
    1 for0 against
  • To receive, Appointment of Ms Swati Dalal (DIN : 01513751) as the Managing Director of the Company.
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeOffice of the Commissioner of Customs (Import), Air Cargo Complex, Sahar, Andheri (East), Mumbai - 400 099Since 6 Feb 2024
    Appeal filed before Appellate Authority - CESTAT (Customs, Excise, and Service Tax Appellate Tribunal).
    At the filing before: Disallowance of classification of imported goods under CTH 29372300/29379090 by the Company/importer and order to reclassify the same under CTH 30033900 of the Customs Tariff Act 1975. Demand Amount Rs.13,49,80,230MoreLess
  • Tax disputeOffice of the Assistant Commissioner of Central Goods and Services Tax, Medchal Division, SecunderabadSince 3 Jan 2024
    Appeal filed before Appellate Authority (Commissioner Appeals Hyderabad) on March 20, 2024. Final Hearing was conducted on February 13, 2025. Order awaited.
    At the filing before: Disallowance of ITC on account of non-filing of GSTR-3B returns by the suppliers and other reasons. (July 2017 to March 2020) . Demand of Rs.1,69,39,252 with interest of Rs.1,18,20,349 and penalty of Rs 1,69,51,403MoreLess
  • Tax disputeOffice of the Assistant Commissioner of Central Goods and Services Tax, Medchal Division, SecunderabadSince 29 Jul 2024
    Writ Petition filed before Hyderabad high Court on September 10, 2024. Stay obtained.
    At the filing before: Non-Reversal of input tax credit on destruction of goods (expired goods). (April 2021 to March 2022). Demand of Rs.64,94,459 with interest of Rs.23,07,936 and penalty of Rs.64,94,399
  • Tax disputeOffice of the Assistant Commissioner of Central GST Division, Haridwar, UttarakhandSince 7 Aug 2024
    Appeal filed before Office of the Commissioner Appeals – Central tax Dehradun on November 6, 2024. Hearing conducted on March 11, 2025. Final Appeal order received on October 7, 2025. The appellate authority had partially allowed claim of Rs.4,02,377 and confirmed Demand of Rs.67,39,703. Appeal filed with Goods and Services Tax Appellate Tribunal on June 26, 2026.MoreLess
    At the filing before: Disallowance of input tax credit. (April 2019 to March 2020). Revised Demand of Rs.67,39,703 with penalty of Rs.6,73,970.
  • Tax disputeOffice of the Superintendent Jurisdiction : Cuttack VI Range: Cuttack I Division -Bhubaneswar, Odisha -753014Since 28 Feb 2025
    Appeal closed with net Demand of Rs. 40,162 and penalty of Rs. 20,000. Payment yet to be made.
    At the filing before: Disallowance of input tax credit (April 2020 to March 2021) (April 2021 to March 2022) (April 2022 to March 2023) Demand of Rs.2,48,207 with penalty of Rs.1,20,000.
  • Tax disputeOffice of the Assistant Commissioner, Central Goods & Services Tax, Division – Haridwar, UttarakhandSince 27 Nov 2025
    Appeal filed on February 10, 2026 before Joint Commissioner (Appeals) Central Goods & Services Tax, 2nd & 3rd Floor, Nathpur, Haridwar Bypass Road, Dehradun.
    At the filing before: Excess availment of Input Tax Credit (April 2021 to March 2022). Demand of Rs.5,99,862 with penalty of Rs.59,986 along with applicable interest u/s.50 of The Goods and Services Tax (GST) Act, 2017.
  • Tax disputeOffice of the Principal Commissioner of CGST & Central Excise, Mumbai East 400012Since 30 Dec 2025
    Writ petition filed before Bombay High Court on March 25, 2026
    At the filing before: Disallowance of Input Tax Credit (F.Y. 2018-19, F.Y. 2019-20, F.Y. 2021-22 & F.Y. 2023-24). Demand of Rs.2,40,46,491 and Penalty of Rs.2,40,46,491 along with applicable interest u/s.50 of The Goods and Services Tax (GST) Act, 2017.MoreLess
  • Tax disputeOffice of the Superintendent of GST and Central Excise, Thiruvottiyur Division, Range-IV, Chennai North CommissionerateSince 31 Dec 2025
    Appeal filed on March 31, 2026 before Joint Commissioner (Appeals-I), No.26/1, Mahatma Gandhi Salai, Chennai – 34.
    At the filing before: Short declaration of outward turnover (April 2018 to March 2019). Demand of Rs.1,48,958 and Penalty of Rs.1,48,958 along with applicable interest u/s.50 of The Goods and Services Tax (GST) Act, 2017.
1 more
  • Tax disputeIncome Tax DepartmentSince 22 Dec 2006
    The Company has estimated Rs. 87.92 Crores as contingent liability as at June 30, 2026 for these matters.
    At the filing before: The Company has filed an appeal before NFAC/ CIT(A) against the assessment orders issued by the assessing officer, Income tax, towards disallowance of certain business expenses. Majority of these issues are Industry wide issues and under litigationMoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 8 complaints open, quarter to Jun 2026.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.