Ador Welding logo

Ador Welding MD, chairman, board of directors and AGM

NSE: ADORBSE: 517041Industrial ProductsSmall Cap

Formerly Advani Oerlikon
Last close ₹1,295.30down ₹49.70 (3.70%)BSE ₹1,295.60

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,345.00.

52-week range of traded prices to 23 Oct 2026
₹848.00Low, 7 Apr 2026₹1,766.40High, 31 Aug 2026
Market cap
₹2,254 Cr1,203rd largest listed
P/E
19.5
P/B
4.0
Dividend yield
1.78%
ROE
21.7%
ROCE
22.8%
Debt to equity
0.05
Volume, NSE
96,83647.2% delivered

Ador Welding 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

  • ChairpersonMalkani Ninotchka NagpalRelated to the promoter
  • Managing directorAditya Malkani
  • Company Secretary and Compliance OfficerVINAYAK M. BHIDE

10 directors5 independent2 executive3 non-executive

  • Malkani Ninotchka Nagpal · ChairpersonExecutive · joined Nov 2019 · reappointed May 2024 · 1 listed board
  • Aditya Malkani · Managing directorExecutive · joined Sep 2020 · reappointed Sep 2023 · 2 listed boards · 1 as independent
  • Deep Ashda LalvaniNon-executive · joined Nov 2019 · reappointed Nov 2019 · 1 listed board · 3 committee seats
  • Ravin Ajit MirchandaniNon-executive · joined Jul 2006 · reappointed Jul 2006 · 1 listed board · 3 committee seats
  • Tanya Halina AdvaniNon-executive · joined Nov 2019 · reappointed Nov 2019 · 1 listed board · 2 committee seats, 1 as chair
  • Santosh Janakiram IyerIndependent · joined Jul 2024 · reappointed Jul 2024 · 24 months as independent · 3 listed boards · 3 as independent · 2 committee seats, 2 as chair
  • Jitendra H PanjabiIndependent · joined Jul 2024 · reappointed Jul 2024 · 24 months as independent · 2 listed boards · 1 as independent · 3 committee seats
  • Nita Dempo MirchandaniIndependent · joined Apr 2020 · reappointed Nov 2024 · 76 months as independent · 1 listed board · 1 as independent
  • Navroze Shiamak MarshallIndependent · joined May 2022 · reappointed May 2022 · 50 months as independent · 3 listed boards · 2 as independent · 3 committee seats, 3 as chair
  • Mihir JayaramanIndependent · joined Nov 2024 · reappointed Nov 2024 · 20 months as independent · 1 listed board · 1 as independent

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.

1 director who left
  • G. M. Lalwani, left 9 Nov 2024: Tenure Completion

Committees and meetings

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

  • Board

    • 29 Apr 20267 of 10 present4 independent · 28 days in between
    • 31 Mar 202610 of 10 present5 independent

  • Audit Committee

    Chair Navroze Shiamak Marshall

    Jitendra H Panjabi, Ravin Ajit Mirchandani, Santosh Janakiram Iyer

    • 29 Apr 20263 of 4 present3 independent · 102 days in between
    • 16 Jan 20263 of 4 present2 independent

  • Nomination and remuneration committee

    Chair Nita Dempo Mirchandani

    Deep Ashda Lalvani, Navroze Shiamak Marshall

    • 25 May 20263 of 3 present2 independent · 30 days in between
    • 24 Apr 20263 of 3 present2 independent · 99 days in between
    • 14 Jan 20262 of 3 present1 independent

  • Stakeholders Relationship Committee

    Chair Nita Dempo Mirchandani

    Deep Ashda Lalvani, Tanya Halina Advani

    • 23 Apr 20263 of 3 present1 independent · 98 days in between
    • 14 Jan 20263 of 3 present1 independent

  • Risk Management Committee

    Chair Jitendra H Panjabi

    Malkani Ninotchka Nagpal, Surya Kant Sethia

    • 24 Apr 20263 of 3 present1 independent · 191 days in between
    • 14 Oct 20253 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair Deep Ashda Lalvani

    Malkani Ninotchka Nagpal, Nita Dempo Mirchandani

    • 23 Apr 20263 of 3 present1 independent · 98 days in between
    • 14 Jan 20263 of 3 present1 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 Mar 2026.

  • BSR & Co. LLPPeer-review certificate valid to Jul 2028
1 earlier auditor
  • Walker Chandiok & Co LLPNamed in the filing for the quarter to Mar 2025

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.

Ador Welding 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.Ador Welding dividend history

Annual general meeting, 23 Jul 2026

36,778 shareholders on the register on 16 Jul 2026; present: 13 promoters and 79 others; votes counted by HEMANSHU KAPADIA / HEMANSHU KAPADIA & ASSOCIATES, PRACTICING COMPANY SECRETARIES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2026, along 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 0.07%

    Turnout: all 63.97% · promoters 98.67% · institutions 92.44% · other public 0.66%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2026, along with the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 63.97% · promoters 98.67% · institutions 92.44% · other public 0.66%

  3. To declare dividend on equity shares for the financial year ended 31st March 2026
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 63.97% · promoters 98.67% · institutions 92.44% · other public 0.66%

  4. To appoint a director in place of Mr. Ravin A. Mirchandani (DIN: 00175501), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.07% · other public 0.10%

    Turnout: all 63.97% · promoters 98.67% · institutions 92.44% · other public 0.66%

  5. Ratification of remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants, Mumbai, as the Cost Auditor for the financial year 2026-27
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.38%

    Turnout: all 63.97% · promoters 98.67% · institutions 92.44% · other public 0.66%

  6. Re- appointment of Mr. Aditya T. Malkani (DIN: 01585637), as the Managing Director of the Company
    SpecialPromoters have an interest in it
    96.41% for3.59% against

    Against: promoters 0.00% · institutions 20.45% · other public 0.41%

    Turnout: all 61.00% · promoters 93.15% · institutions 92.44% · other public 0.66%

  7. Approval of payment of remuneration to the Executive Director, who is Promoter or Member of the promoter group in terms of Regulation 17 (6)(e) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015MoreLess
    SpecialPromoters have an interest in it
    96.32% for3.68% against

    Against: promoters 0.00% · institutions 20.38% · other public 1.19%

    Turnout: all 59.35% · promoters 90.07% · institutions 92.44% · other public 0.66%

  8. Approval for payment of remuneration by way of commission to the Non – Executive Directors
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.73%

    Turnout: all 63.97% · promoters 98.67% · institutions 92.44% · other public 0.66%

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, 15 Jul 2025, 9 resolutions

40,607 shareholders on the register on 8 Jul 2025; present: 13 promoters and 72 others; votes counted by HEMANSHU KAPADIA / HEMANSHU KAPADIA & ASSOCIATES, PRACTICING COMPANY SECRETARIES.The company's voting result (opens in a new tab)

  1. A) To consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2025, along with the Reports of the Board of Directors and the Auditors thereon. B) To consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2025, along 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 0.00%

    Turnout: all 65.17% · promoters 98.75% · institutions 96.28% · other public 1.61%

  2. To declare dividend on Equity Shares for the financial year ended 31st March, 2025
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.17% · promoters 98.75% · institutions 96.28% · other public 1.61%

  3. To appoint a director in place of Dr. Deep A. Lalvani (DIN:01771000), 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 65.17% · promoters 98.75% · institutions 96.28% · other public 1.61%

  4. To appoint the M/s. BSR & Co. LLP, Chartered Accountants as the Statutory Auditors and to fix their remuneration.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.17% · promoters 98.75% · institutions 96.28% · other public 1.61%

  5. Ratification of remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants, Mumbai, as the Cost Auditor for the financial year 2025-26.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.17% · promoters 98.75% · institutions 96.28% · other public 1.61%

  6. To appoint M/s. N. L. Bhatia & Associates, (Unique Identification Number: P1996MH055800), as the Secretarial Auditor of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.17% · promoters 98.75% · institutions 96.28% · other public 1.61%

  7. To alter the Articles of Association (AoA) of the Company.
    Special
    100.00% for0.00% against

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

    Turnout: all 65.17% · promoters 98.75% · institutions 96.28% · other public 1.61%

  8. Approval of "Ador Employees Stock Option Plan / Scheme 2025 ("the Plan") for the benefit of the employees of the Company (Present and Future)
    Special
    93.67% for6.33% against

    Against: promoters 0.00% · institutions 35.60% · other public 0.07%

    Turnout: all 65.17% · promoters 98.75% · institutions 96.28% · other public 1.61%

  9. Approval of "Ador Employees Stock Option Plan / Scheme 2025 ("the Plan") for the benefit of the employees of the Subsidiary(ies) of the Company (Present and Future)
    Special
    93.67% for6.33% against

    Against: promoters 0.00% · institutions 35.60% · other public 0.08%

    Turnout: all 65.17% · promoters 98.75% · institutions 96.28% · other public 1.61%

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.

Mutual fund votes, meeting of 15 Jul 2025, 4 fund houses

  • A) To consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2025, along with the Reports of the Board of Directors and the Auditors thereon. B) To consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2025, along with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    4 for0 against
  • To declare dividend on Equity Shares for the financial year ended 31st March, 2025
    4 for0 against
  • To appoint a director in place of Dr. Deep A. Lalvani (DIN:01771000), who retires by rotation and being eligible, offers himself for re-appointment.
    4 for0 against
  • To appoint the M/s. BSR & Co. LLP, Chartered Accountants as the Statutory Auditors and to fix their remuneration.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern on the profile of proposed auditors. Non-Compliant with Regulation 36(5) of SEBI LODR: Audit fee not disclosed. Governance concern: Material change in the fee cannot be ascertained.
    3 for1 against
  • Ratification of remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants, Mumbai, as the Cost Auditor for the financial year 2025-26.
    4 for0 against
  • To appoint M/s. N. L. Bhatia & Associates, (Unique Identification Number: P1996MH055800), as the Secretarial Auditor of the Company.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo issues on merits of the proposed Secretarial Auditors. Non-Compliant with Regulation 36(5) of SEBI LODR: Proposed audit fee payable to Secretarial Auditors not disclosed.
    3 for1 against
  • To alter the Articles of Association (AoA) of the Company.
    4 for0 against
  • Approval of "Ador Employees Stock Option Plan / Scheme 2025 ("the Plan") for the benefit of the employees of the Company (Present and Future)
    Against Motilal Oswal Mutual Fund, Nippon India Mutual Fund, quant Mutual Fund
    • Motilal Oswal Mutual Fund, Nippon India Mutual FundNon-Compliant with SEBI (SBEB & SE) Regulations: Non-Disclosure of Exercise Price / Pricing Formula; Broad Discretion to NRC to determine Exercise Price.
    • quant Mutual FundRelated to the approval of Ador Employees Stock Option Plan/ Scheme 2025. Non-Compliant with SEBI (SBEB & SE) Regulations: Non-disclosure of exercise price/ pricing formula; broad gave discretion to NRC to determine exercise price.
    1 for3 against
  • Approval of "Ador Employees Stock Option Plan / Scheme 2025 ("the Plan") for the benefit of the employees of the Subsidiary(ies) of the Company (Present and Future)
    Against Motilal Oswal Mutual Fund, Nippon India Mutual Fund, quant Mutual Fund
    • Motilal Oswal Mutual FundNon-Compliant with SEBI (SBEB & SE) Regulations: Interlinked with resolution no. #8.
    • Nippon India Mutual FundNon-Compliant with SEBI (SBEB & SE) Regulations
    • quant Mutual FundRelated to the approval of Ador Employees Stock Option Plan/ Scheme 2025. Non-Compliant with SEBI (SBEB & SE) Regulations: Non-disclosure of exercise price/ pricing formula; broad gave discretion to NRC to determine exercise price.
    1 for3 against

Mutual fund votes, meeting of 16 Jan 2025, 4 fund houses

  • Appoint Mihir Jayaraman (DIN: 08000077) as an Independent Director for five years from 9 November 2024
    1 for0 against
  • Appointment of Mr. Mihir Jayaraman (DIN:08000077), as an Independent Director of the Company
    1 for0 against
  • Appointment of Mr. Mihir Jayaraman (DIN: 08000077), as an Independent Director of the Company for a first term of 05 (five) consecutive years i.e. till 08th November, 2029, and that he shall not be liable to retire by rotation.MoreLess
    2 for0 against
6 earlier meetings

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

  • Adoption of financial statements for the year ended 31 March 2024
    1 for0 against
  • Appoint Jitendra Hiru Panjabi (DIN: 01259252) as Independent Director for five years from 28 July 2024
    1 for0 against
  • Appoint Santosh Janakiram Iyer (DIN: 06801226) as Independent Director for five years from 28 July 2024
    Against Sundaram Mutual Fund
    • Sundaram Mutual Fund"Santosh Janakiram Iyer, 45, is the Senior partner and head of Cyril Amarchand Mangaldas’ Infrastructure and Finance Group. He has experience in the fields of banking, project financing, structured financing, acquisition financing and private equity. He has been a director on the board of Ador Fontech Limited, a fellow subsidiary, since 25 July 2013. Therefore, his association with the promoter group exceeds ten years. We do not support rotation of tenured Independent Directors within the group as we believe that this is not in line with the spirit of the regulations. Thus, we do not support his reappointment as an Independent Director"
    0 for1 against
  • Appointment of Mr. Jitendra Hiru Panjabi (DIN: 01259252) as an Independent Director of the Company for a period of 05 (five) years till 27th July, 2029, and that he shall not be liable to retire by rotation.MoreLess
    2 for0 against
  • Appointment of Mr. Santosh Janakiram Iyer (DIN: 06801226) as an Independent Director of the Company for a period of 05 (five) years till 27th July, 2029, and that he shall not be liable to retire by rotation.MoreLess
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundProlonged association
    1 for1 against
  • Approve remuneration payable to Executive Directors who are promoters, in excess of 5% of net profits till the end of their tenure
    1 for0 against
  • Payment of remuneration to Mrs. Ninotchka Malkani Nagpal, Executive Chairman and Promoter, notwithstanding that the aggregate annual remuneration, taken together with other promoters and executive directors, exceeds five per cent (5%) of the net profits of the Company, as calculated under Section 198 of the Companies Act, 2013 during her term from 07th May, 2024 to 06th May, 2027.MoreLess
    2 for0 against
  • Ratification of remuneration of Rs. 6,50,000/- plus Tax, as applicable payable to M/s. Kishore Bhatia and Associates, Cost Accountants (Firm Registration No. 00294), Mumbai, as the Cost Auditors of the Company, to conduct the audit of the Cost Records of the Company for the Financial Year 2024 - 25.MoreLess
    2 for0 against
  • Ratify remuneration of Rs. 650,000 payable to Kishore Bhatia & Associates, as cost auditors for FY25
    1 for0 against
  • Re-appointment of Mrs. Ninotchka Malkani Nagpal (DIN: 00031985) as the Executive Chairman of the Company for a period of 03 (three) years with effect from 07th May, 2024 and including remuneration.
    2 for0 against
  • Re-appointment of Mrs. Nita Dempo Mirchandani (DIN: 01103973) as an Independent Director of the Company, not liable to retire by rotation and to hold office for a second term of 05 (five) consecutive years on the Board of the Company w.e.f. 10th November, 2024 upto 09th November, 2029.MoreLess
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundCurrent ID related to previous ID.
    1 for1 against
  • Reappoint Ms. Ninotchka Malkani Nagpal (DIN: 00031985) as Whole-Time Director designated as Executive Chairperson for three years from 7 May 2024 and fix his remuneration as minimum remuneration
    1 for0 against
  • Reappoint Ms. Nita Dempo Mirchandani (DIN: 01103973) as Independent Director for five years from 10 November 2024
    Against Sundaram Mutual Fund
    • Sundaram Mutual Fund"Ms. Nita Dempo Mirchandani, 54, is the co-founder and director of Kae Capital, an early-stage venture capital fund. She has been an angel investor in startups such as InMobi, Innovcare, Squadrun, and iGenetics. Mirchandani previously served as the president of Indo Pacific Polyfibers Limited and worked as an equity analyst at JM Financial and HDFC Securities. She has attended 75% (three out of four) board meetings in FY24. She joined the board of Ador Welding Limited on 1 April 2020, after her spouse, Sasha Mirchandani, stepped down as an Independent Director on 7 February 2020. Sasha Mirchandani was Independent Director on the board from 10 November 2014 till 7 February 2020. Outside of family linkages, the company’s Nomination and Remuneration Committee must disclose the basis of her appointment over others. We do not support Ms. Nita Dempo Mirchandani’s reappointment."
    0 for1 against
  • Reappoint Tanya H. Advani (DIN: 08586636) as Non-Executive Non-Independent Director, liable to retire by rotation
    Against Sundaram Mutual Fund
    • Sundaram Mutual FundTanya H. Advani, 32, is part of the promoter group and has been on the board since 19 November 2019. She holds a Bachelor’s degree in Science (Human Psychology) from Aston University, Birmingham, UK and completed MBA in Marketing from London Business School in 2018. She is a founding member of 3D Future Technologies at Ador group. She has previously worked with IBM, London as a business consultant and at Accenture in London, as Senior Technology Strategy consultant. While academically well-qualified, she does not have ten years of relevant experience. Therefore, we are unable to support her reappointment.
    0 for1 against
  • To appoint a Director in place of Ms. Tanya H. Advani (DIN: 08586636), who retires by rotation and being eligible, offers herself for re-appointment.
    2 for0 against
  • To consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2024, together with the Reports of the Board of Directors and the Auditors thereon.
    2 for0 against

Mutual fund votes, meeting of 10 Aug 2023, 2 fund houses

  • Approve scheme of amalgamation between Ador Fontech Limited (ADFL) and Ador Welding Limited (AWL)
    1 for0 against
  • Scheme of Amalgamation (Merger by Absorption) of Ador Fontech Limited (Transferor Company or ADFL) with Ador Welding Limited (Transferee Company or AWL) and their Respective Shareholders (Scheme or the Scheme).MoreLess
    1 for0 against

Mutual fund votes, meeting of 9 Aug 2023, 2 fund houses

  • Adoption of standalone financial statements for the year ended 31 March 2023
    1 for0 against
  • Approve final dividend of Rs. 17.5 per equity share (face value Re. 10.0) for FY23
    1 for0 against
  • Approve remuneration payable to Executive Directors who are promoters, in excess of 5% of net profits till the end of their tenure
    1 for0 against
  • Payment of remuneration to Mr. Aditya T. Malkani, Managing Director & Promoter, notwithstanding that the aggregate annual remuneration, taken together with other promoter & executive directors, exceeds five per cent (5%) of the net profits of the Company as calculated under Section 198 of the Companies Act, 2013 during his term from 14th September, 2023 to 13th September, 2026.MoreLess
    1 for0 against
  • Ratification of remuneration Rs.6,00,000/- plus Tax, as applicable, payable to M/s. Kishore Bhatia & Associates, Cost Accountants (Firm Registration No. 00294), Mumbai, as the Cost Auditors of the Company, to conduct the audit of the Cost Records of the Company for the Financial Year 2023-24.MoreLess
    1 for0 against
  • Ratify remuneration of Rs. 600,000 payable to Kishore Bhatia & Associates, as cost auditor for FY24
    1 for0 against
  • Re-appointment of Mr. Aditya T. Malkani (DIN: 01585637) as the Managing Director of the Company for a period of 03 years with effect from 14th September, 2023 and including remuneration.
    1 for0 against
  • Reappoint Aditya T. Malkani (DIN: 01585637) as Managing Director for three years from 14 September 2023 and fix his remuneration as minimum remuneration
    1 for0 against
  • Reappoint Ravin Mirchandani (DIN: 00175501) as Non-Executive Non-Independent Director, liable to retire by rotation
    1 for0 against
  • To appoint a Director in place of Mr. Ravin A. Mirchandani (DIN: 00175501), who retires by rotation and being eligible, offers himself for re-appointment.
    1 for0 against
  • To consider and adopt the Audited Financial Statement of the Company for the Financial Year ended 31st March, 2023, together with the Reports of the Board of Directors and the Auditors thereon.
    1 for0 against
  • To declare dividend on Equity Shares for the financial year ended 31st March, 2023.
    1 for0 against

Mutual fund votes, meeting of 27 Jul 2022, 1 fund house

  • Appointment of Mr. Navroze S. Marshall (DIN: 00085754), as an Independent Director of the Company with effect from 21st May, 2022 , for a term of 05 (five) consecutive years i.e. upto 20th May, 2027 and that he shall not be liable to retire by rotation.MoreLess
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundProlonged Association with the Group
    0 for1 against
  • Ratification of remuneration Rs. 5,50,000/- payable to M/s. Kishore Bhatia & Associates, Cost Accountants (Firm Registration No. 00294) Mumbaias the Cost Auditors of the Company, to conduct the audit of the Cost Records of the Company for the Financial Year 2022-23.MoreLess
    1 for0 against
  • To appoint a Director in place of Dr. Deep A. Lalvani (DIN: 01771000), who retires by rotation and being eligible, offers himself for re-appointment.
    1 for0 against
  • To consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2022, together with the Report of the Auditors thereon.
    1 for0 against
  • To consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2022, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    1 for0 against
  • To declare dividend on Equity Shares for the financial year ended 31st March, 2022.
    1 for0 against

Mutual fund votes, meeting of 12 Aug 2021, 1 fund house

  • Approval of payment of remuneration to the Executive Directors, who are Promoters or Members of the promoter group in terms of Regulation 17 (6) (e) of SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2018MoreLess
    1 for0 against
  • Payment of commission to the Non-Executive Directors
    1 for0 against
  • Ratification of remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants, Mumbai, as the Cost Auditor for the Financial Year 2021-22
    1 for0 against
  • Re-appointment of Mrs. Ninotchka Malkani Nagpal (DIN: 00031985) as the Executive Chairman (Whole-Time Director) of the Company
    1 for0 against
  • Re-designation and Appointment of Mr. Aditya T. Malkani (DIN: 01585637) as the Managing Director of the Company
    1 for0 against
  • To appoint a Director in place of Ms. Tanya H. Advani (DIN: 08586636), who retires by rotation and being eligible, offers herself for re-appointment.
    1 for0 against
  • To consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2021, together with the Report of the Auditors thereon.
    1 for0 against
  • To consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2021, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    1 for0 against

Mutual fund votes, meeting of 22 Sep 2020, 2 fund houses

  • Adoption of consolidated financial statements for the year ended 31 March 2020
    1 for0 against
  • Adoption of standalone financial statements for the year ended 31 March 2020
    1 for0 against
  • Appoint Ms. Nita Dempo Mirchandani (DIN: 01103973) as an Independent Director from 1 April 2020 to 9 November 2024
    1 for0 against
  • Appoint Ms. Tanya H Advani (DIN: 08586636) as Non-Executive Non-Independent Director, liable to retire by rotation from 19 November 2019
    1 for0 against
  • Appointment of Ms. Nita Dempo Mirchandani (DIN: 01103973) as an Independent Director of the Company
    1 for0 against
  • Appointment of Ms. Tanya H. Advani (DIN: 08586636) as a Non-Executive & Non-Independent Director of the Company
    1 for0 against
  • Approval of payment of remuneration to the Executive Directors, who are Promoters or Members of the promoter group in terms of Regulation 17 (6) (e) of SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2018MoreLess
    1 for0 against
  • Approve change of place of keeping register of members and other records by Registrar & Share Transfer Agents
    1 for0 against
  • Approve remuneration payable to Executive Directors who are promoters, in excess of limits prescribed under regulation 17(6)(e) of SEBI LODR till the tenure of their current terms
    1 for0 against
  • Confirm interim dividend of Rs. 6.5 per equity share of face value Rs. 10.0 each as final dividend for FY20
    1 for0 against
  • Ratification of remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants, Mumbai, as the Cost Auditor for the Financial Year 2020-21
    1 for0 against
  • Ratify remuneration payable to Rs. 450,000 to cost auditors Kishore Bhatia & Associates for FY21
    1 for0 against
  • Re-appointment of M/s. Walker Chandiok & Co. LLP, Chartered Accountants, Mumbai as Statutory Auditors and fixing their remuneration
    1 for0 against
  • Re-appointment of Mr. Manoj K. Maheshwari (DIN: 00012341) as an Independent Director of the Company
    1 for0 against
  • Re-designate and appoint Deep Lalvani (DIN: 01771000) as Whole-time Director for three years from 19 November 2019 and fix his remuneration
    1 for0 against
  • Re-designate Ms. Ninotchka Malkani Nagpal (DIN: 00031985) as Executive Chairperson from 19 November 2019
    1 for0 against
  • Re-designation and Appointment of Mr. Deep A. Lalvani (DIN: 01771000) as the Whole Time Director of the Company
    1 for0 against
  • Re-designation of Mrs. Ninotchka Malkani Nagpal (DIN: 00031985) as the Executive Chairman of the Company
    1 for0 against
  • Reappoint Manoj K. Maheshwari (DIN: 00012341) as an Independent Director from 28 July 2019 to 22 August 2022
    1 for0 against
  • Reappoint Ravin Mirchandani (DIN: 00175501) as Director, liable to retire by rotation
    1 for0 against
  • Reappoint Walker Chandiok & Co. LLP as Statutory Auditors for five years and fix their remuneration
    1 for0 against
  • Shifting of Registers and Records
    1 for0 against
  • To appoint a Director in place of Mr. Ravin A. Mirchandani (DIN: 00175501), who retires by rotation and being eligible, offers himself for re-appointment.
    1 for0 against
  • To confirm the payment of Interim Dividend of Rs. 6.50 per equity share already paid during the year, as Final Dividend for the Financial Year 2019-20.
    1 for0 against
  • To consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2020, together with the Report of the Auditors thereon.
    1 for0 against
  • To consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2020, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    1 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

At most 4 complaints open, quarter to Sep 2025.
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.