Allied Blenders and Distillers logo

Allied Blenders and Distillers MD, chairman, board of directors and AGM

NSE: ABDLBSE: 544203BeveragesSmall Cap

Last close ₹672.65down ₹26.25 (3.76%)BSE ₹674.30

Share price at the NSE close on 23 Oct 2026. Previous close ₹698.90.

52-week range of traded prices to 23 Oct 2026
₹382.10Low, 23 Mar 2026₹766.90High, 15 Oct 2026
Market cap
₹18,815 Cr439th largest listed
P/E
85.1
P/B
11.3
Dividend yield
0.80%
ROE
13.8%
ROCE
16.2%
Debt to equity
0.68
Volume, NSE
9,60,97555.0% delivered

Allied Blenders and Distillers board of directors

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

  • ChairpersonKishore Rajaram Chhabria
  • Managing directorAmar Sinha
  • Company Secretary and Compliance OfficerSumeet Maheshwari

14 directors7 independent4 executive3 non-executive

  • Kishore Rajaram Chhabria · ChairpersonNon-executive · joined Mar 2010 · 1 listed board
  • Bina Kishore ChhabriaNon-executive · joined Mar 2010 · 1 listed board
  • Shekhar RamamurthyExecutive · joined Jul 2021 · 1 listed board
  • Resham Chhabria J HemdevExecutive · joined Jun 2021 · 1 listed board
  • Balaji Viswanathan SwaminathanIndependent · joined Feb 2022 · reappointed Feb 2022 · 52 months as independent · 1 listed board · 1 as independent · 5 committee seats, 1 as chair
  • Vivek SettIndependent · joined Jun 2022 · reappointed Jun 2022 · 48 months as independent · 1 listed board · 1 as independent
  • Rukhshana Jina MistryIndependent · joined Jun 2022 · reappointed Jun 2022 · 48 months as independent · 5 listed boards · 5 as independent · 6 committee seats, 2 as chair
  • Nasser Mukhtar MunjeeIndependent · joined Oct 2024 · reappointed Oct 2024 · 20 months as independent · 4 listed boards · 3 as independent · 3 committee seats, 2 as chair
  • Narayanan SadanandanIndependent · joined Oct 2022 · reappointed Oct 2022 · 44 months as independent · 4 listed boards · 4 as independent · 5 committee seats, 2 as chair
  • Mehli Maneck GolvalaIndependent · joined Oct 2023 · reappointed Oct 2023 · 32 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • Maneck Navel MullaNon-executive · joined Feb 2022 · 1 listed board · 1 committee seat
  • Arun BarikExecutive · joined Aug 2022 · 1 listed board
  • Paul Henry SkipworthIndependent · joined Jun 2022 · reappointed Jun 2022 · 48 months as independent · 1 listed board · 1 as independent
  • Amar Sinha · Managing directorExecutive · joined Jun 2026 · 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.

2 directors who left
  • Alok Gupta, left 31 May 2026: Others
  • Vinaykant Tanna, left 10 Oct 2024: Others

Committees and meetings

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

  • Board

    • 18 Jun 202612 of 14 present7 independent · 27 days in between
    • 21 May 202611 of 14 present6 independent · 6 days in between
    • 14 May 202613 of 14 present7 independent · 104 days in between
    • 29 Jan 202614 of 14 present7 independent

  • Audit Committee

    Chair Balaji Viswanathan Swaminathan

    Rukhshana Jina Mistry, Maneck Navel Mulla, Mehli Maneck Golvala

    • 14 May 20264 of 4 present3 independent · 44 days in between
    • 30 Mar 20264 of 4 present3 independent · 60 days in between
    • 28 Jan 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Paul Henry Skipworth

    Rukhshana Jina Mistry, Maneck Navel Mulla, Mehli Maneck Golvala

    • 18 Jun 20264 of 4 present3 independent · 36 days in between
    • 12 May 20264 of 4 present3 independent · 40 days in between
    • 1 Apr 20264 of 4 present3 independent · 67 days in between
    • 23 Jan 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Nasser Mukhtar Munjee

    Balaji Viswanathan Swaminathan, Narayanan Sadanandan

    • 11 Mar 20263 of 3 present3 independent

  • Risk Management Committee

    Chair Amar Sinha

    Maneck Navel Mulla, Vivek Sett, Nasser Mukhtar Munjee, Narayanan Sadanandan

    • 23 Mar 20265 of 5 present3 independent · 11 days in between

  • Corporate Social Responsibility Committee

    Chair Resham Chhabria J Hemdev

    Vivek Sett, Maneck Navel Mulla

    No meeting listed in the filing.

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.

Allied Blenders and Distillers 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.Allied Blenders and Distillers dividend history

Annual general meeting, 6 Jul 2026

1,13,524 shareholders on the register on 30 Jun 2026; present: 7 promoters and 120 others; votes counted by Vaibhav Dandawate / M/s Makarand M. Joshi & Co.The company's voting result (opens in a new tab)

  1. Consideration and Adoption of the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026 together with the Reports of the Board of Directors and the Auditors thereon;MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.85%

    Turnout: all 88.14% · promoters 100.00% · institutions 84.17% · other public 2.18%

  2. Consideration and Adoption of the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Report of the Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.85%

    Turnout: all 88.14% · promoters 100.00% · institutions 84.17% · other public 2.18%

  3. Declaration of dividend on Equity Shares of the Company for the Financial Year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.83%

    Turnout: all 88.14% · promoters 100.00% · institutions 84.17% · other public 2.18%

  4. Re-appointment of Mr. Kishore Rajaram Chhabria (DIN: 00243244), who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.36% · other public 1.87%

    Turnout: all 88.14% · promoters 100.00% · institutions 84.17% · other public 2.18%

  5. Re-appointment of Mrs. Bina Kishore Chhabria (DIN: 00243376), who retires by rotation and being eligible offers herself for re-appointment.
    Ordinary
    97.37% for2.63% against

    Against: promoters 0.00% · institutions 33.10% · other public 1.89%

    Turnout: all 88.14% · promoters 100.00% · institutions 84.17% · other public 2.18%

  6. Appointment of Mr. Amar Sinha (DIN: 01488890) as a Director of the Company
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.36% · other public 1.87%

    Turnout: all 88.14% · promoters 100.00% · institutions 84.17% · other public 2.18%

  7. Appointment of Mr. Amar Sinha (DIN: 01488890) as the Managing Director of the Company from June 1, 2026 to May 31, 2029.
    Special
    97.37% for2.63% against

    Against: promoters 0.00% · institutions 33.05% · other public 1.89%

    Turnout: all 88.14% · promoters 100.00% · institutions 84.17% · other public 2.18%

  8. To approve raising of funds by issuance of Equity Shares and / or other securities including securities convertible into Equity Shares, warrants or fully convertible debentures, partly convertible debentures, non-convertible debentures along with warrants, or convertible preference shares (collectively “Securities”) by way of public issue, rights issue, preferential allotment, private placement, including Qualified Institutions Placement(s) ("QIP") in one or more tranches or any other mode or combination thereof as may be permitted under applicable laws, for an amount not exceeding Rs.1000 Crores (Rupees One Thousand Crores only).MoreLess
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.06%

    Turnout: all 88.14% · promoters 100.00% · institutions 84.17% · other public 2.18%

  9. Approval for increasing the borrowing limits under Section 180(1)(c) of the Companies Act, 2013 upto Rs.1600 Crores (Rupees One Thousand Six Hundred Crores).
    Special
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 1.44% · other public 2.08%

    Turnout: all 88.14% · promoters 100.00% · institutions 84.17% · other public 2.18%

  10. Creation of mortgage or charge on the Assets, Properties or undertaking(s) of the Company under Section 180(1)(a) of the Companies Act, 2013.
    Special
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 1.44% · other public 2.12%

    Turnout: all 88.14% · promoters 100.00% · institutions 84.17% · other public 2.18%

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.

Postal ballot, 9 Nov 2025, 2 resolutions

1,10,676 shareholders on the register on 9 Oct 2025; votes counted by Vaibhav Dandawate / M/s. Makarand M. Joshi & Co, Practicing Company Secretaries.The company's voting result (opens in a new tab)

  1. Approval for revision in remuneration payable to Mr. Alok Gupta (DIN:02330045), Managing Director of the Company.
    Special
    97.26% for2.74% against

    Against: promoters 0.00% · institutions 40.52% · other public 0.25%

    Turnout: all 87.80% · promoters 100.00% · institutions 78.86% · other public 8.32%

  2. Approval for revision in remuneration payable to Mr. Arun Barik (DIN:07130542), Executive Director of the Company.
    Special
    97.00% for3.00% against

    Against: promoters 0.00% · institutions 44.43% · other public 0.25%

    Turnout: all 87.80% · promoters 100.00% · institutions 78.86% · other public 8.32%

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.

Annual general meeting, 8 Jul 2025, 6 resolutions

1,06,709 shareholders on the register on 1 Jul 2025; present: 7 promoters and 69 others; votes counted by Kumudini Bhalerao / M/s. Makarand M. Joshi & Co, Practicing Company Secretaries.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt:- a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Reports of the Board of Directors (“the Board”) and the Auditors thereon; and b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 87.63% · promoters 100.00% · institutions 76.81% · other public 8.04%

  2. To declare a dividend of ₹ 3.60/- (Rupees Three and Sixty Paise only) per Equity Share of the face value of ₹ 2/- (Rupees Two only) each for the Financial Year ended March 31, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 87.63% · promoters 100.00% · institutions 76.81% · other public 8.04%

  3. To appoint a director in place of Mr. Alok Gupta (DIN: 02330045), who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.27% · other public 0.01%

    Turnout: all 87.63% · promoters 100.00% · institutions 76.81% · other public 8.04%

  4. To appoint a director in place of Mr. Maneck Navel Mulla (DIN: 02451544), who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 1.75% · other public 0.02%

    Turnout: all 87.63% · promoters 100.00% · institutions 76.81% · other public 8.04%

  5. To approve raising of funds by issuance of Equity Shares and / or other securities including securities convertible into Equity Shares, warrants or fully convertible debentures, partly convertible debentures, non-convertible debentures along with warrants, or convertible preference shares (collectively “Securities”) by way of public issue, rights issue, preferential allotment, private placement, including Qualified Institutions Placement(s) (‘QIP’) in one or more tranches or any other mode or combination thereof as may be permitted under applicable laws, for an amount not exceeding ₹ 10000 Million (Rupees Ten Thousand Million only).MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 87.63% · promoters 100.00% · institutions 76.81% · other public 8.04%

  6. To approve the appointment of the secretarial auditors of the company for a first term of five years.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 87.63% · promoters 100.00% · institutions 76.81% · other public 8.04%

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.

Postal ballot, 22 Jun 2025, 3 resolutions

1,06,368 shareholders on the register on 22 May 2025; votes counted by Kumudini Bhalerao / M/s. Makarand M. Joshi & Co, Practicing Company Secretaries.The company's voting result (opens in a new tab)

  1. Approval for the offer and grant of stock options to the employees of the Subsidiary Company(ies) (at present and / or in the future) under the Employee Stock Option Scheme 2024 (“ESOS 2024” / “Scheme”).MoreLess
    Special
    97.06% for2.94% against

    Against: promoters 0.00% · institutions 41.38% · other public 0.13%

    Turnout: all 88.88% · promoters 100.00% · institutions 83.14% · other public 14.38%

  2. Approval for re-appointment of Mrs. Resham Chhabria J Hemdev (DIN: 00030608) as Whole-time Director designated as Vice Chairperson of the Company with effect from April 1, 2025.
    SpecialPromoters have an interest in it
    97.46% for2.54% against

    Against: promoters 0.00% · institutions 35.79% · other public 0.05%

    Turnout: all 88.88% · promoters 100.00% · institutions 83.14% · other public 14.38%

  3. Approval for re-appointment of Mr. Arun Barik (DIN: 07130542) as Whole-time Director designated as Executive Director of the Company with effect from August 09, 2025.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.04% · other public 0.04%

    Turnout: all 88.88% · promoters 100.00% · institutions 83.14% · other public 14.38%

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.

Postal ballot, 15 Mar 2025, 5 resolutions

1,07,045 shareholders on the register on 7 Feb 2025; votes counted by Kumudini Bhalerao / M/s. Makarand M. Joshi & Co, Practicing Company Secretaries.The company's voting result (opens in a new tab)

  1. Approval of ABD Employee Stock Option Scheme 2024(“ESOS 2024”/” Scheme”)
    Special
    97.47% for2.53% against

    Against: promoters 0.00% · institutions 48.19% · other public 0.10%

    Turnout: all 87.00% · promoters 100.00% · institutions 67.78% · other public 12.38%

  2. Approval of grant of employee stock options under ‘ABD Employee Stock Option Scheme 2024’ up to 1.5% of Issued Capital to the identified employees
    Special
    97.45% for2.55% against

    Against: promoters 0.00% · institutions 48.19% · other public 1.15%

    Turnout: all 87.00% · promoters 100.00% · institutions 67.78% · other public 12.38%

  3. Approval for re-appointment of Mr. Shekhar Ramamurthy (DIN: 00504801) as Whole Time Director designated as Executive Deputy Chairman and revision in his remuneration with effect from September 01, 2024MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 87.00% · promoters 100.00% · institutions 67.78% · other public 12.38%

  4. Approval for revision in remuneration of Mr. Alok Gupta (DIN: 02330045), Managing Director with effect from September 01, 2024
    Special
    97.47% for2.53% against

    Against: promoters 0.00% · institutions 48.19% · other public 0.05%

    Turnout: all 87.00% · promoters 100.00% · institutions 67.78% · other public 12.38%

  5. Approval for revision in remuneration of Mr. Arun Barik (DIN: 07130542), Whole Time Director with effect from April 01, 2024
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 87.00% · promoters 100.00% · institutions 67.78% · other public 12.38%

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.

Postal ballot, 13 Dec 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Nasser Mukhtar Munjee (DIN: 00010180) as Non-Executive Independent Director of the Company
    Special
    96.67% for3.33% against

    Against: promoters 0.00% · institutions 52.04% · other public 0.14%

    Turnout: all 87.56% · promoters 99.94% · institutions 84.96% · other public 8.74%

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.

Annual general meeting, 26 Sep 2024, 3 resolutions

Present: 5 promoters and 69 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited (Standalone and Consolidated) Financial Statements of the Company for the Financial year ended March 31, 2024 together with the Reports of the Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 87.27% · promoters 100.00% · institutions 75.50% · other public 9.34%

  2. To appoint a director in place of Mrs. Bina Kishore Chhabria (DIN: 00243376), who retires by rotation and being eligible offers herself for re-appointment
    OrdinaryPromoters have an interest in it
    89.74% for10.26% against

    Against: promoters 0.00% · institutions 57.10% · other public 0.02%

    Turnout: all 29.07% · promoters 28.07% · institutions 75.50% · other public 9.34%

  3. To appoint a director in place of Mr. Maneck Navel Mulla (DIN: 02451544), who retires by rotation and being eligible offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 87.27% · promoters 100.00% · institutions 75.50% · other public 9.34%

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 6 Jul 2026, 10 fund houses so far (houses' deadline to file 15 Oct 2026)

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Consideration and Adoption of the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026 together with the Reports of the Board of Directors and the Auditors thereon;MoreLess
    10 for0 against
  • Consideration and Adoption of the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Report of the Auditors thereon
    10 for0 against
  • Declaration of dividend on Equity Shares of the Company for the Financial Year ended March 31, 2026.
    10 for0 against
  • Re-appointment of Mr. Kishore Rajaram Chhabria (DIN: 00243244), who retires by rotation and being eligible offers himself for re-appointment.
    10 for0 against
  • Re-appointment of Mrs. Bina Kishore Chhabria (DIN: 00243376), who retires by rotation and being eligible offers herself for re-appointment.
    Against Angel One Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund, SBI Mutual Fund
    • Angel One Mutual FundGovernance Concerns: The director’s attendance at board meeting is significantly low during the last 3 FYs. Further, she holds the position of Co-Chairperson.
    • DSP Mutual Fund, Jio BlackRock Mutual Fund, SBI Mutual FundMs. Bina Kishore Chhabria, 68, is Co-Chairperson and part of promoter family. She has been on the board since March 2010. She has attended five out of six (83%) board meetings held in FY26. She retires by rotation. However, she attended only 11 of the 32 board meetings (41%) held during the last three financial years, and her overall attendance record since FY19 has been poor. We also note that her attendance has improved only in the year of reappointment to the board. While her reappointment is in line with statutory requirements, we are unable to support the resolution given her consistently low attendance in the past. We do not support the resolution.
    • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. Governance Concerns: The director’s attendance at board meeting is significantly low during the last 3 FYs. Further, she holds the position of Co-Chairperson.
    4 for6 against
  • Appointment of Mr. Amar Sinha (DIN: 01488890) as a Director of the Company
    10 for0 against
  • Appointment of Mr. Amar Sinha (DIN: 01488890) as the Managing Director of the Company from June 1, 2026 to May 31, 2029.
    Against Angel One Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance & Transparency concern: The Company has not placed an absolute cap on the number of options to be granted or on the total monetary benefit arising out of ESOPs to the proposed appointee. In absence of such absolute caps, the existing disparity in executive’s remuneration may persist or may further increase.
    • DSP Mutual Fund, Jio BlackRock Mutual FundWe estimate Amar Sinha’s annual remuneration at Rs. 361.8 mn, including the fair value of ESOPs that may be granted during his proposed tenure. The estimated proposed remuneration is high for the size of the business and higher than comparable peers. The company should have disclosed the number of stock options proposed to be granted to him in the notice and capped the overall remuneration, including fair value of stock options, in absolute terms. Further, the company must provide granular details regarding performance metrics which determine variable pay. While we support his appointment, we do not support the proposed remuneration. Hence, we do not support the resolution.
    • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. Governance & Transparency concern: The Company has not placed an absolute cap on the number of options to be granted or on the total monetary benefit arising out of ESOPs to the proposed appointee. In absence of such absolute caps, the existing disparity in executive’s remuneration may persist or may further increase.
    5 for5 against
  • To approve raising of funds by issuance of Equity Shares and / or other securities including securities convertible into Equity Shares, warrants or fully convertible debentures, partly convertible debentures, non-convertible debentures along with warrants, or convertible preference shares (collectively “Securities”) by way of public issue, rights issue, preferential allotment, private placement, including Qualified Institutions Placement(s) ("QIP") in one or more tranches or any other mode or combination thereof as may be permitted under applicable laws, for an amount not exceeding Rs.1000 Crores (Rupees One Thousand Crores only).MoreLess
    7 for0 against
  • Approval for increasing the borrowing limits under Section 180(1)(c) of the Companies Act, 2013 upto Rs.1600 Crores (Rupees One Thousand Six Hundred Crores).
    10 for0 against
  • Creation of mortgage or charge on the Assets, Properties or undertaking(s) of the Company under Section 180(1)(a) of the Companies Act, 2013.
    9 for0 against
3 proposals not matched to one resolution
  • 8) Approve issuance of equity or debt securities up to Rs. 10.0 bn.
    1 for0 against
  • Approve creation of mortgages or charges on assets or properties upto Rs. 16.0 bn, under section 180(1)(a) of the Companies Act, 2013
    1 for0 against
  • Approve issuance of equity or debt securities up to Rs. 10.0 bn
    2 for0 against

Mutual fund votes, meeting of 9 Nov 2025, 12 fund houses

  • Approval for revision in remuneration payable to Mr. Alok Gupta (DIN:02330045), Managing Director of the Company.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual FundGovernance Concern: Disparity/ unfair remuneration practice among Executive Directors; Proposed remuneration includes grant of Stock Options which may lead to significant remuneration.
    • Bandhan Mutual Fund, Groww Mutual FundCompliant with law. Governance Concern: Disparity/ unfair remuneration practice among EDs; Proposed remuneration includes grant of Stock Options which may lead to significant remuneration
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Nippon India Mutual FundGovernance Concern: Disparity/ unfair remuneration practice among EDs; Proposed remuneration includes grant of Stock Options which may lead to significant remuneration
    7 for5 against
  • Approval for revision in remuneration payable to Mr. Arun Barik (DIN:07130542), Executive Director of the Company.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual FundGovernance & Transparency Concern: No absolute cap on the potential ESOP benefits.
    • Bandhan Mutual Fund, Groww Mutual FundComplaint with law. Governance & Transparency Concern: No major concern on the proposed quantum of remuneration per-se; however, no absolute cap on the potential ESOP benefits
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Nippon India Mutual FundGovernance & Transparency Concern: No major concern on the proposed quantum of remuneration per-se; however, no absolute cap on the potential ESOP benefits
    7 for5 against
5 earlier meetings

Mutual fund votes, meeting of 8 Jul 2025, 11 fund houses

  • To receive, consider and adopt:- a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Reports of the Board of Directors (“the Board”) and the Auditors thereon; and b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Report of the Auditors thereon.MoreLess
    11 for0 against
  • To declare a dividend of ₹ 3.60/- (Rupees Three and Sixty Paise only) per Equity Share of the face value of ₹ 2/- (Rupees Two only) each for the Financial Year ended March 31, 2025.
    11 for0 against
  • To appoint a director in place of Mr. Alok Gupta (DIN: 02330045), who retires by rotation and being eligible offers himself for re-appointment.
    11 for0 against
  • To appoint a director in place of Mr. Maneck Navel Mulla (DIN: 02451544), who retires by rotation and being eligible offers himself for re-appointment.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Proposed appointee is Nomination and Remuneration Committee Member and the Remuneration policy of the Company appears to be unfair in the favor of Promoter Executive Director.
    • Bandhan Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Proposed appointee is NRC Member and the Remuneration policy of the Company appears to be unfair in the favor of Promoter ED.
    6 for5 against
  • To approve raising of funds by issuance of Equity Shares and / or other securities including securities convertible into Equity Shares, warrants or fully convertible debentures, partly convertible debentures, non-convertible debentures along with warrants, or convertible preference shares (collectively “Securities”) by way of public issue, rights issue, preferential allotment, private placement, including Qualified Institutions Placement(s) (‘QIP’) in one or more tranches or any other mode or combination thereof as may be permitted under applicable laws, for an amount not exceeding ₹ 10000 Million (Rupees Ten Thousand Million only).MoreLess
    11 for0 against
  • To approve the appointment of the secretarial auditors of the company for a first term of five years.
    11 for0 against

Mutual fund votes, meeting of 22 Jun 2025, 11 fund houses

  • Approval for the offer and grant of stock options to the employees of the Subsidiary Company(ies) (at present and / or in the future) under the Employee Stock Option Scheme 2024 (“ESOS 2024” / “Scheme”).MoreLess
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual FundNon-Disclosure of Exercise Price/ Pricing Formula; Absolute Discretion to Nomination and Remuneration Committee to determine Exercise Price. Governance Concern: Significant benefit arising to a single employee.
    • Bandhan Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, Motilal Oswal Mutual FundNon-Compliant under SEBI SBEB Regulations: Non-Disclosure of Exercise Price/ Pricing Formula; Absolute Discretion to NRC to determine Exercise Price. Governance Concern: Significant benefit arising to a single employee.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Nippon India Mutual FundNon-disclosure
    4 for7 against
  • Approval for re-appointment of Mrs. Resham Chhabria J Hemdev (DIN: 00030608) as Whole-time Director designated as Vice Chairperson of the Company with effect from April 1, 2025.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual FundGovernance Concern: Disparity/ unfair remuneration practice among Executive directors.
    • Bandhan Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merits of proposed appointee. Governance Concern: Disparity/ unfair remuneration practice among EDs.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Nippon India Mutual FundGovernance Concern: Skewed Remuneration
    4 for7 against
  • Approval for re-appointment of Mr. Arun Barik (DIN: 07130542) as Whole-time Director designated as Executive Director of the Company with effect from August 09, 2025.
    Against Mirae Asset Mutual Fund
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    10 for1 against

Mutual fund votes, meeting of 15 Mar 2025, 5 fund houses

  • Approval of ABD Employee Stock Option Scheme 2024(“ESOS 2024”/” Scheme”)
    Against Bandhan Mutual Fund, Nippon India Mutual Fund
    • Bandhan Mutual FundNon-Compliance with SEBI (SBEB & SE) Regulations: Non-Disclosure of Exercise Price as per SEBI Regulations; NRC Discretion to determine Exercise Price. Governance Concern: Maximum potential benefit arising to a single employee.
    • Nippon India Mutual FundExtension of scheme to employees of group / associate.
    3 for2 against
  • Approval of grant of employee stock options under ‘ABD Employee Stock Option Scheme 2024’ up to 1.5% of Issued Capital to the identified employees
    Against Bandhan Mutual Fund, Nippon India Mutual Fund
    • Bandhan Mutual FundNo concern on the merits of the Director. Non-Compliant with SEBI (SBEB & SE) Regulations: Inter-linked with Resolution #1. Governance Concern: Potential excessive benefit to a single employee when measured with the Company’s size and profits.
    • Nippon India Mutual FundExtension of scheme to employees of group / associate.
    3 for2 against
  • Approval for re-appointment of Mr. Shekhar Ramamurthy (DIN: 00504801) as Whole Time Director designated as Executive Deputy Chairman and revision in his remuneration with effect from September 01, 2024MoreLess
    5 for0 against
  • Approval for revision in remuneration of Mr. Alok Gupta (DIN: 02330045), Managing Director with effect from September 01, 2024
    Against Bandhan Mutual Fund, Nippon India Mutual Fund
    • Bandhan Mutual FundCompliant with law. Governance Concern: Proposed remuneration includes grant of Stock Options which may lead to significant remuneration.
    • Nippon India Mutual FundNon Compliant with law
    3 for2 against
  • Approval for revision in remuneration of Mr. Arun Barik (DIN: 07130542), Whole Time Director with effect from April 01, 2024
    5 for0 against

Mutual fund votes, meeting of 13 Dec 2024, 3 fund houses

  • Appointment of Mr. Nasser Mukhtar Munjee (DIN: 00010180) as Non-Executive Independent Director of the Company
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundNo cooling off Period served after resigning the ID on the Board.
    2 for1 against

Mutual fund votes, meeting of 26 Sep 2024, 3 fund houses

  • To receive, consider and adopt the audited (Standalone and Consolidated) Financial Statements of the Company for the Financial year ended March 31, 2024 together with the Reports of the Directors and the Auditors thereon.MoreLess
    3 for0 against
  • To appoint a director in place of Mrs. Bina Kishore Chhabria (DIN: 00243376), who retires by rotation and being eligible offers herself for re-appointment
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundCompliant with Law. Governance Concern: Low attendance at Board Meetings and occupying the position of Co-Chairperson.
    2 for1 against
  • To appoint a director in place of Mr. Maneck Navel Mulla (DIN: 02451544), who retires by rotation and being eligible offers himself for re-appointment
    3 for0 against

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

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

None open at any quarter's end.
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
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.