Archean Chemical Industries MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 12 Jun 2026, 11 fund houses

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

• TO CONSIDER AND ADOPT THE AUDITED STANDALONE AND CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026, TOGETHER WITH THE REPORTS OF THE BOARD OF DIRECTORS, AUDITORS THEREON.MoreLess

  11 for0 against
• TO DECLARE FINAL DIVIDEND ON THE EQUITY SHARES OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026.

  11 for0 against
• TO CONSIDER AND APPOINT A DIRECTOR IN PLACE OF MR. RAVI PENDURTHI (DIN: 02334379), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, HAS OFFERED HIMSELF FOR RE-APPOINTMENT.

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, ICICI Prudential Mutual Fund, Mahindra Manulife Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, WhiteOak Capital Mutual Fund

  • Angel One Mutual Fund, Nippon India Mutual FundGovernance Concern: Low attendance at Board meetings and no justification for leave of absence.
  • Bandhan Mutual Fund, Groww Mutual FundCompliant with law. No issue identified on merit of appointee. Governance Concern: Low attendance at Board meetings and no justification for leave of absence
  • ICICI Prudential Mutual FundRavi Pendurthi, is the promoter of Archean Chemicals Industries Limited & partner at promoter entity which owns Archean Chemical i.e Chemikas Speciality LLP. He has been on the board since July 2022. He has attended three out of seven (43%) board meetings held in FY26 and eleven out of nineteen (57%) board meetings held over last three years which indicates he is not able to devote sufficient time towards the Company. Given the attendance is low despite being the promoter & non independent director, the AMC had voted against the resolution.
  • Mahindra Manulife Mutual FundRavi Pendurthi, 54, is promoter of Archean Chemicals Industries Limited. He is partner at Chemikas Speciality LLP, a promoter entity. He has been on the board since 08 July 2022. He has attended three out of seven (43%) board meetings held in FY26 and eleven out of nineteen (57%) board meetings held over last three years. We expect directors to attend all board meetings during the year and have an attendance threshold of 75% of the board meetings over the last three years. Given this, we do not support the resolution.
  • Mirae Asset Mutual FundAs per advisory recommendation (passive holding). Attendance is less than 50% in board meetings
  • Motilal Oswal Mutual FundLow attendance at board meetings.
  • WhiteOak Capital Mutual FundRavi Pendurthi, 54, is promoter of Archean Chemicals Industries Limited. He has attended three out of seven (43%) board meetings held in FY26 and eleven out of nineteen (57%) board meetings held over last three years. Given his low attendance of the board meetings over the last three years, we do not support the resolution.

  2 for9 against
• TO CONSIDER AND REAPPOINT M/S. PKF SRIDHAR & SANTHANAM LLP, CHARTERED ACCOUNTANTS, (FIRM REGISTRATION NUMBER: 003990S/S200018) AS STATUTORY AUDITORS OF THE COMPANY AND FIX THEIR REMUNERATION.

  11 for0 against
• TO APPROVE THE CONTINUATION OF DIRECTORSHIP OF MR. KANDHERI MUNUSWAMY MOHANDASS (DIN: 00707839) AS AN INDEPENDENT DIRECTOR OF THE COMPANY UPON ATTAINING THE AGE OF 75 YEARS.

  ›Against Angel One Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund

  • Angel One Mutual FundGovernance Concern: Director is accountable as Nomination & Remuneration Committee member,since, Board is non-compliant with respect to retirement by rotation.
  • Groww Mutual FundCompliant with law. No concern w.r.t. merits of the Director. Governance Concern: Director is accountable as NRC member, since, Board is non-compliant u/s 152 of the Companies Act, 2013
  • Motilal Oswal Mutual FundRole as NRC Chairman /member in Board responsible for noncompliance w.r.t. retirement by rotation
  • Nippon India Mutual FundGovernance Concern: Director is accountable as NRC member, since, Board is non-compliant u/s 152 of the Companies Act, 2013

  7 for4 against
• TO RE-APPOINT MR. KANDHERI MUNUSWAMY MOHANDASS (DIN: 00707839) AS NON-EXECUTIVE INDEPENDENT DIRECTOR.

  ›Against Angel One Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund

  • Angel One Mutual FundGovernance Concern: Director is accountable as Nomination & Remuneration Committee member,since, Board is non-compliant with respect to retirement by rotation.
  • Groww Mutual FundCompliant with law. No concern w.r.t. merits of the Director. Governance Concern: Director is accountable as NRC member, since, Board is non-compliant u/s 152 of the Companies Act, 2013
  • Motilal Oswal Mutual FundRole as NRC Chairman /member in Board responsible for noncompliance w.r.t. retirement by rotation
  • Nippon India Mutual FundGovernance Concern: Director is accountable as NRC member, since, Board is non-compliant u/s 152 of the Companies Act, 2013

  6 for4 against
• TO RE-APPOINT MR. CHITTOOR GHATAMBU SETHURAM (DIN: 01081951) AS NON-EXECUTIVE INDEPENDENT DIRECTOR.

  11 for0 against
• TO CONSIDER & APPROVE THE RATIFICATION OF REMUNERATION TO THE COST AUDITOR FOR THE FY 2026-27.

  11 for0 against

Mutual fund votes, meeting of 12 Mar 2026, 11 fund houses

• To consider and approve designating Mr. P. Ranjit (DIN: 01952929) as Executive Vice Chairman (Whole-Time Director)

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, ICICI Prudential Mutual Fund, Mahindra Manulife Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, WhiteOak Capital Mutual Fund

  • Angel One Mutual FundGovernance concern: No absolute cap on variable pay.
  • Bandhan Mutual FundP. Ranjit, 51, is the promoter and was previously the Managing Director of the company. He is now being appointed as Executive Vice Chairperson designated as Whole-time Director. As Managing Director, P. Ranjit was paid a remuneration of Rs. 203.0 mn in FY25. Shareholders must engage with the company to understand why he was paid commission of Rs. 126.7 mn in FY24 and FY25, despite a fall in revenues and net profits. We estimate his annual remuneration at Rs. 208.0 mn, which is high for the size of the business and not in line with peers. Further, his remuneration terms include a commission component for which no absolute cap, and his terms include uncapped reimbursement of medical expenses and boarding and lodging (including for his spouse and support staff during business trips), which we do not support. Thus, we do not support the resolution.
  • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merit of the appointee. Governance concern: The Company has not disclosed or put an absolute cap on the Commission proposed. Remuneration payable to Executive Directors should be subject to clearly defined limits in both relative and absolute terms to ensure transparency and alignment with best governance practices. In the absence of an explicit absolute ceiling on the commission payable, the structure may allow for the payment of substantial commission amounts.
  • ICICI Prudential Mutual FundP. Ranjit is the promoter and was previously the Managing Director of the company. He is now being appointed as Executive Vice Chairperson designated as Whole-time Director. As Managing Director, P. Ranjit was paid a remuneration of Rs. 20.3 crs in FY25 vs PBT of Rs. 224 crs. His annual remuneration at ~Rs. 20 crs is high for the size of the business and not in line with peers. Further, his remuneration terms include a commission component for which no absolute cap. Thus, we do not support the resolution.
  • Mahindra Manulife Mutual FundP. Ranjit, 51, is the promoter and was previously the Managing Director of the company. He is now being appointed as Executive Vice Chairperson designated as Whole-time Director. As Managing Director, P. Ranjit was paid a remuneration of Rs. 203.0 mn in FY25. We note he was paid commission of Rs. 126.7 mn in FY24 and FY25, despite a fall in revenues and net profits. We estimate his annual remuneration at Rs. 208.0 mn, which is high for the size of the business and not in line with peers. Thus, we do not support the resolution.
  • Mirae Asset Mutual FundAs per advisory recommendation (passive holding)
  • Nippon India Mutual FundGovernance & Transparency Concern: The Company has not disclosed or put an absolute cap on the Commission proposed. Remuneration payable to Executive Directors should be subject to clearly defined limits in both relative and absolute terms.
  • WhiteOak Capital Mutual FundP. Ranjit, 51, is the promoter and was previously the Managing Director of the company. We estimate his annual remuneration at Rs. 208.0 mn, which is high for the size of the business and not in line with peers. We do not support the resolution.

  2 for9 against
• To consider and approve the appointment of Mr. Rampraveen Swaminathan (DIN: 01300682) as Director

  ›Against Angel One Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund

  • Angel One Mutual FundGovernance concern: Appointment as non-retiring Director is adding to Non-Compliance with requirement of retirement of Directors by rotation.Transparency concern: No disclosure about the future ESOP grant.
  • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merit of the appointee. Governance concern: The appointment of Mr. Rampraveen Swaminathan as a non-retiring director would result in the composition of the Board becoming non-compliant under Section 152 of the Companies Act, 2013. Transparency concern: The Company has not disclosed the number of options proposed to be granted, nor has it prescribed an upper limit on the potential ESOP grants that may be made to Mr. Rampraveen Swaminathan in the future. In the absence of such disclosure, shareholders are unable to meaningfully assess the potential economic benefit that may accrue to him pursuant to the future ESOP grant.
  • Nippon India Mutual FundGovernance Concern: The appointment of Mr. Rampraveen Swaminathan as a non-retiring director would render the Board non-compliant with Section 152 of the Companies Act, 2013. Transparency concern: The absence of disclosure on the number and upper limit of ESOP grants to Mr. Rampraveen Swaminathan prevents shareholders from meaningfully assessing his potential economic benefit.

  7 for4 against
• To consider and approve the appointment of Mr. Rampraveen Swaminathan (DIN: 01300682) as Managing Director

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, ICICI Prudential Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, WhiteOak Capital Mutual Fund

  • Angel One Mutual FundGovernance concern: Appointment as non-retiring Director is adding to Non-Compliance with requirement of retirement of Directors by rotation.Transparency concern: No disclosure about the future ESOP grant.
  • Bandhan Mutual FundRampraveen Swaminathan, 51, is the former Managing Director & CEO of Mahindra Logistics from 2019 to 2025. The company proposes to appoint him as Managing Director for five years from 22 January 2026. There is no clarity on the quantum of ESOPs he is entitled to receive during his tenure, as a result, we are unable to estimate his proposed remuneration. While we support Rampraveen Swaminathan’s appointment as Managing Director, we do not support the resolution because of his open-ended remuneration structure
  • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merit of the appointee. Governance concern: The appointment of Mr. Rampraveen Swaminathan as a non-retiring director would result in the composition of the Board becoming non-compliant under Section 152 of the Companies Act, 2013. Transparency concern: The Company has not disclosed the number of options proposed to be granted, nor has it prescribed an upper limit on the potential ESOP grants that may be made to Mr. Rampraveen Swaminathan in the future. In the absence of such disclosure, shareholders are unable to meaningfully assess the potential economic benefit that may accrue to him pursuant to the future ESOP grant.
  • ICICI Prudential Mutual FundThe company proposes to appoint him as Managing Director for five years from 22 January 2026. There is no clarity on the quantum of ESOPs he is entitled to receive during his tenure, as a result, it is not possible to estimate his proposed remuneration. While we support Rampraveen Swaminathan’s appointment as Managing Director, we do not support the resolution because of his open-ended remuneration structure.
  • Mirae Asset Mutual FundAs per advisory recommendation (passive holding)
  • Nippon India Mutual FundGovernance Concern: The appointment of Mr. Rampraveen Swaminathan as a non-retiring director would render the Board non-compliant with Section 152 of the Companies Act, 2013. Transparency concern: The absence of disclosure on the number and upper limit of ESOP grants to Mr. Rampraveen Swaminathan prevents shareholders from meaningfully assessing his potential economic benefit.
  • WhiteOak Capital Mutual FundRampraveen Swaminathan, 51, is the former Managing Director & CEO of Mahindra Logistics from 2019 to 2025. We are unable to estimate his proposed remuneration. While we support Rampraveen Swaminathan’s appointment as Managing Director, we do not support the resolution because of his open-ended remuneration structure.

  3 for8 against

• Tax disputeSales Tax and Gujarat VAT Joint Commissioner Rajkot FY 2015-16Since 27 Apr 2022
  Appeal is under progress
• Tax disputeSales Tax and Gujarat VAT Joint Commissioner Rajkot FY 2016-17Since 23 Aug 2021
  Appeal is under progress
• Tax disputeSales Tax and Gujarat VAT Joint Commissioner Rajkot FY 2017-18Since 23 Aug 2021
  Appeal is under progress
• Tax disputeGoods and Service tax (GST) Tamil Nadu FY 2019-20Since 18 Mar 2024
  Appeal is under progress
• Tax disputeIncome Tax FY 2016-17Since 29 Jun 2026
  Appeal is under progress
  At the filing before: Penalty levied under section 270A(8) for under reported of Income. We preferred an Appeal against this order with CIT(A) NFAC on 07.07.2026.

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

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.