AGI Greenpac MD, chairman, board of directors and AGM
NSE: AGIBSE: 500187Industrial ProductsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹720.05.
- Next results date: the board meets on 28 Oct 2026 to consider: financial results and other business matters.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹4,440 Cr863rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 28 Jul 2026
- 12.3
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 27 Apr 2026
- 1.8
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.02%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 28 Jul 2026
- 16.1%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 28 Jul 2026
- 17.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 27 Apr 2026
- 0.10
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,14,41360.6% delivered
AGI Greenpac 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
- Chairperson and managing directorSandip SomanyRelated to the promoter
- Company Secretary and Compliance OfficerOmpal
8 directors4 independent1 executive3 non-executive
- Sandip Somany · Chairperson and managing directorExecutive · joined Sep 1995 · 5 listed boards · 2 as independent · 4 committee seats, 1 as chair
- Sumita SomanyNon-executive · joined May 2014 · 1 listed board
- Nand Gopal KhaitanNon-executive · joined Nov 2024 · 6 listed boards · 4 as independent · 6 committee seats, 3 as chair
- Anil WadhwaIndependent · joined Mar 2020 · reappointed Mar 2025 · 75 months as independent · 2 listed boards · 2 as independent · 3 committee seats
- Himalyani GuptaIndependent · joined Mar 2020 · reappointed Mar 2025 · 75 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 2 as chair
- Rakesh SarinIndependent · joined Mar 2020 · reappointed Mar 2025 · 75 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Laveesh BhandariIndependent · joined Nov 2024 · reappointed Nov 2024 · 19 months as independent · 1 listed board · 1 as independent
- Ram Babu KabraNon-executive · joined Apr 2026 · 2 listed boards · 3 committee seats, 1 as chair
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
- Girdhari Lal Sultania, left 28 Apr 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 27 Apr 20268 of 8 present4 independent · 88 days in between
- 28 Jan 20268 of 8 present4 independent
Audit Committee
Chair Rakesh Sarin
Anil Wadhwa, Himalyani Gupta, Ram Babu Kabra
- 27 Apr 20264 of 4 present3 independent · 88 days in between
- 28 Jan 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Himalyani Gupta
Rakesh Sarin, Sumita Somany
- 27 Apr 20263 of 3 present2 independent · 88 days in between
- 28 Jan 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Ram Babu Kabra
Anil Wadhwa, Himalyani Gupta
- 27 Apr 20263 of 3 present2 independent · 88 days in between
- 28 Jan 20263 of 3 present2 independent
Risk Management Committee
Chair Sandip Somany
Anil Wadhwa, Rakesh Sarin, Sandeep Sikka
- 3 Jun 20263 of 3 present2 independent · 36 days in between
Corporate Social Responsibility Committee
Chair Anil Wadhwa
Sandip Somany, Sumita Somany, Rakesh Sarin
- 27 Apr 20264 of 4 present2 independent · 88 days in between
- 28 Jan 20264 of 4 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 Mar 2026.
- LODHA and CO LLPPeer-review certificate valid to Mar 2027
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.
AGI Greenpac 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.AGI Greenpac dividend history
Annual general meeting, 22 Sep 2026
59,445 shareholders on the register on 15 Sep 2026; present: 7 promoters and 64 others; votes counted by Mr. Pravin Kumar Drolia / Pravin Kumar Drolia, Company Secretary in whole time practice.The company's voting result (opens in a new tab)
To consider and adopt the audited standalone financial statements of the Company for the financial year ended 31 March 2026, the reports of the Board of Directors and Auditors' thereon and the audited consolidated financial statements of the Company for the financial year ended 31 March 2026 and Auditors’ Report thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 63.55% · promoters 100.00% · institutions 19.44% · other public 5.55%
- To declare a dividend on equity shares for the financial year ended 31 March 2026.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 63.58% · promoters 100.00% · institutions 19.95% · other public 5.55%
- To appoint a Director in place of Mrs. Sumita Somany (DIN: 00133612) who retires by rotation and, being eligible, offers herself for re-appointment.OrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.38% · other public 0.04%
Turnout: all 63.58% · promoters 100.00% · institutions 19.95% · other public 5.55%
- To appoint Mr. Shashvat Somany (DIN: 10058462) as a Director of the CompanyOrdinaryPromoters have an interest in it99.88% for0.12% against
Against: promoters 0.00% · institutions 5.48% · other public 0.02%
Turnout: all 63.58% · promoters 100.00% · institutions 19.95% · other public 5.55%
- To appoint Mr. Shashvat Somany (DIN: 10058462) as the Joint Managing Director of the Company and remuneration payable thereofSpecialPromoters have an interest in it99.46% for0.54% against
Against: promoters 0.00% · institutions 25.06% · other public 0.03%
Turnout: all 63.58% · promoters 100.00% · institutions 19.95% · other public 5.55%
To approve the payment of remuneration payable to Chairman and Managing Director and Joint Managing Director (Promoter Directors) of the Company in excess of the limit prescribed under Regulation 17(6)(e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015MoreLess
SpecialPromoters have an interest in it99.46% for0.54% againstAgainst: promoters 0.00% · institutions 24.79% · other public 0.09%
Turnout: all 63.58% · promoters 100.00% · institutions 19.89% · other public 5.55%
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, 6 Jun 2026, 5 resolutions
63,047 shareholders on the register on 1 May 2026; votes counted by Mr. Pravin Kumar Drolia / Pravin Kumar Drolia, Company Secretary in whole time practice.The company's voting result (opens in a new tab)
- Appointment of Mr. Ram Babu Kabra (DIN: 00021886) as a Non-Executive Non-Independent Director of the CompanySpecial99.95% for0.05% against
Against: promoters 0.00% · institutions 1.74% · other public 0.11%
Turnout: all 63.58% · promoters 100.00% · institutions 21.78% · other public 4.79%
- Approval for payment of consultancy fee to Mr. Ram Babu Kabra (DIN: 00021886), Non-Executive Non-Independent Director of the CompanyOrdinary98.31% for1.69% against
Against: promoters 0.00% · institutions 64.69% · other public 0.34%
Turnout: all 63.58% · promoters 100.00% · institutions 21.78% · other public 4.79%
- Appointment of Mr. Sushil Kumar Roongta (DIN: 00309302) as a Non-Executive Independent Director of the CompanySpecial98.75% for1.25% against
Against: promoters 0.00% · institutions 48.03% · other public 0.11%
Turnout: all 63.58% · promoters 100.00% · institutions 21.78% · other public 4.79%
- Re-appointment of Mr. Sandip Somany as Chairman and Managing Director of the Company and remuneration payable thereofSpecialPromoters have an interest in it98.46% for1.54% against
Against: promoters 0.00% · institutions 58.85% · other public 0.29%
Turnout: all 63.58% · promoters 100.00% · institutions 21.78% · other public 4.79%
- Remuneration by way of Commission to the Directors (Other than Managing Directors)SpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.01% · other public 0.38%
Turnout: all 63.58% · promoters 100.00% · institutions 21.78% · other public 4.79%
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, 6 Mar 2026, 1 resolution
56,787 shareholders on the register on 30 Jan 2026; votes counted by Mr. Pravin Kumar Drolia / Pravin Kumar Drolia, Company Secretary in whole time practice.The company's voting result (opens in a new tab)
- To consider and approve alteration in the object clause of the Memorandum of Association of the CompanySpecial99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 1.25%
Turnout: all 66.43% · promoters 100.00% · institutions 38.82% · other public 8.31%
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, 6 Nov 2025, 2 resolutions
56,285 shareholders on the register on 3 Oct 2025; votes counted by Mr. Pravin Kumar Drolia / Pravin Kumar Drolia, Company Secretary in whole time practice.The company's voting result (opens in a new tab)
- To approve raising of funds by way of issuance of securities upto Rs. 1,500 Crore (Rupees One Thousand Five Hundred Crore)Special99.24% for0.76% against
Against: promoters 0.00% · institutions 13.59% · other public 0.05%
Turnout: all 66.15% · promoters 100.00% · institutions 37.82% · other public 7.41%
- To consider and approve alteration in the object clause of the Memorandum of Association of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 66.15% · promoters 100.00% · institutions 37.82% · other public 7.41%
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.
Annual general meeting, 29 Aug 2025, 4 resolutions
55,452 shareholders on the register on 22 Aug 2025; present: 7 promoters and 48 others; votes counted by Pravin Kumar Drolia / Pravin Kumar Drolia, Company Secretary in whole-time practice.The company's voting result (opens in a new tab)
To consider and adopt the audited standalone financial statements of the Company for the financial year ended 31 March 2025, the reports of the Board of Directors and Auditors' thereon and the audited consolidated financial statements of the Company for the financial year ended 31 March 2025 and Auditors’ Report thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.82% · promoters 100.00% · institutions 36.69% · other public 6.66%
- To Declare dividend on Equity Shares for the year ended 31 March 2025OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.90% · promoters 100.00% · institutions 37.55% · other public 6.66%
- To appoint a Director in place of Mr. Sandip Somany (DIN: 00053597) who retires by rotation, and being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it99.59% for0.41% against
Against: promoters 0.00% · institutions 7.40% · other public 0.02%
Turnout: all 65.90% · promoters 100.00% · institutions 37.55% · other public 6.66%
- Appointment of M/s DMK Associates (DMK), Practising Company Secretaries as Secretarial Auditor of the Company for a term of five (5) consecutive years and fixation of remuneration thereofOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 65.90% · promoters 100.00% · institutions 37.55% · other public 6.66%
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.
Postal ballot, 27 Jan 2025, 1 resolution
51,071 shareholders on the register on 20 Dec 2024; votes counted by Mr. Pravin Kumar Drolia / Pravin Kumar Drolia, Company Secretary in whole time practice.The company's voting result (opens in a new tab)
- APPROVAL FOR RAISING OF FUNDS BY WAY OF ISSUANCE OF EQUITY SHARES AND/OR EQUITY LINKED SECURITIES BY THE COMPANYSpecial98.16% for1.84% against
Against: promoters 0.00% · institutions 42.85% · other public 0.14%
Turnout: all 66.08% · promoters 100.00% · institutions 31.22% · other public 9.80%
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, 26 Dec 2024, 2 resolutions
The company's voting result (opens in a new tab)
- Appointment of Dr. Laveesh Bhandari as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 71.70% · promoters 100.00% · institutions 32.58% · other public 27.78%
- Appointment of Mr. Nand Gopal Khaitan as a Non-Executive Non-Independent Director of the CompanySpecial99.53% for0.47% against
Against: promoters 0.00% · institutions 11.82% · other public 0.02%
Turnout: all 71.70% · promoters 100.00% · institutions 32.58% · other public 27.78%
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, 18 Sep 2024, 6 resolutions
Present: 7 promoters and 29 others.The company's voting result (opens in a new tab)
- To consider and adopt the Audited Financial Statements of the Company for the financial year ended 31 March 2024, the reports of the Board of Directors and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 65.97% · promoters 100.00% · institutions 35.18% · other public 8.59%
- To Declare dividend on Equity Shares for the year ended 31 March 2024OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.15% · promoters 100.00% · institutions 37.25% · other public 8.59%
- To appoint a Director in place of Ms. Sumita Somany (DIN: 00133612) who retires by rotation, and being eligible, offers herself for re-appointmentOrdinaryPromoters have an interest in it97.82% for2.18% against
Against: promoters 0.00% · institutions 44.53% · other public 0.04%
Turnout: all 66.15% · promoters 100.00% · institutions 37.25% · other public 8.59%
- Re-appointment of Mr. Anil Wadhwa as an Independent DirectorSpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.45% · other public 0.04%
Turnout: all 66.15% · promoters 100.00% · institutions 37.25% · other public 8.59%
- Re-appointment of Mr. Rakesh Sarin as an Independent DirectorSpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.45% · other public 0.04%
Turnout: all 66.15% · promoters 100.00% · institutions 37.25% · other public 8.59%
- Re-appointment of Ms. Himalyani Gupta as an Independent DirectorSpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.45% · other public 0.04%
Turnout: all 66.15% · promoters 100.00% · institutions 37.25% · other public 8.59%
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 22 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)
To consider and adopt the audited standalone financial statements of the Company for the financial year ended 31 March 2026, the reports of the Board of Directors and Auditors' thereon and the audited consolidated financial statements of the Company for the financial year ended 31 March 2026 and Auditors’ Report thereon.MoreLess
1 for0 against- To declare a dividend on equity shares for the financial year ended 31 March 2026.1 for0 against
- To appoint a Director in place of Mrs. Sumita Somany (DIN: 00133612) who retires by rotation and, being eligible, offers herself for re-appointment.1 for0 against
- To appoint Mr. Shashvat Somany (DIN: 10058462) as a Director of the Company1 for0 against
- To appoint Mr. Shashvat Somany (DIN: 10058462) as the Joint Managing Director of the Company and remuneration payable thereof
Against Mahindra Manulife Mutual Fund
- Mahindra Manulife Mutual FundShashvat Somany, 31, is part of promoter family and the Head of Strategy. He is also the Founder of Tattva, the corporate venture capital platform of the Company. The AGM notice states that he has experience in consulting, advising clients across consumer appliances, FMCG and Telecommunications sector. He holds an MBA in Tech and Analytics from London Business School and a BA in Economics and Psychology from University of California, Los Angeles. His appointment is in line with statutory requirements. We estimate his FY27 remuneration that can go upto Rs.159.1 mn if commission is paid at the maximum. His estimated remuneration is not aligned with the size and complexity of the business, nor comparable with peers in the industry. Further, we raise concerns around the total promoter remuneration drawn by family members. While we support his appointment as Jt MD, we do not support the proposed remuneration.
0 for1 against To approve the payment of remuneration payable to Chairman and Managing Director and Joint Managing Director (Promoter Directors) of the Company in excess of the limit prescribed under Regulation 17(6)(e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015MoreLess
Against Mahindra Manulife Mutual Fund
- Mahindra Manulife Mutual FundThe FY26 remuneration to Executive Directors, which includes Sandip Somany, promoter, Chairperson and Managing Director, was Rs. 68.6 mn in FY26 which is 1.5% of standalone PBT and Rs 136.6 mn in FY25, which was 3.2% of the standalone PBT. The remuneration paid to promoters for FY26 is within the limit prescribed. We believe companies must cap the remuneration payable to Executive Directors in absolute amounts. Further, our view is linked to resolution 5. Therefore, we do not support the resolution.
0 for1 against
Mutual fund votes, meeting of 6 Jun 2026, 3 fund houses
- Appointment of Mr. Ram Babu Kabra (DIN: 00021886) as a Non-Executive Non-Independent Director of the Company3 for0 against
- Approval for payment of consultancy fee to Mr. Ram Babu Kabra (DIN: 00021886), Non-Executive Non-Independent Director of the Company
Against Aditya Birla Sun Life Mutual Fund, Motilal Oswal Mutual Fund
- Aditya Birla Sun Life Mutual FundRam Babu Kabra, 67, is a Chartered Accountant and Company Secretary with over 43 years of experience. Considering his qualifications, experience and expertise in the industry, the board proposes to appoint him as a professional consultant. To avail consultancy services from Ram Babu Kabra, the company proposes to pay him fees up to Rs 21.5 mn p.a., expenses on travelling, conveyance, lodging and boarding reimbursement of incidental and out of pocket expenses, towards professional services rendered/to be rendered by Ram Babu Kabra. The fee will be payable in addition to sitting fees and commission paid to all eligible non-executive directors.We note that the remuneration payable to Ram Babu Kabra is in excess of 50% of the remuneration payable to all Non-Executive Directors for FY25 and expect the company to seek a special resolution in compliance with provisions of Regulation 17(6) (ca) of SEBI’s LODR to approve the payment. In line with the regulation, we also expect annual shareholder approval for the proposed consultancy fees. We do not support the resolution.
- Motilal Oswal Mutual FundPrior approval not sought. Inadequate disclosures regarding the basis of arriving at the proposed pay and why the consultancy fee is required and why only him? Fairness cannot be ascertained.
1 for2 against - Appointment of Mr. Sushil Kumar Roongta (DIN: 00309302) as a Non-Executive Independent Director of the Company3 for0 against
- Re-appointment of Mr. Sandip Somany as Chairman and Managing Director of the Company and remuneration payable thereof
Against Aditya Birla Sun Life Mutual Fund, Motilal Oswal Mutual Fund
- Aditya Birla Sun Life Mutual FundSandip Somany, 62, is the Promoter, Chairperson and Managing Director of the company. He has over four decades of experience in the ceramics and glass industry. He has attended all six (100%) board meetings held in FY25. He is liable to retire by rotation, and his reappointment is in line with the statutory requirements. Sandip Somany received a remuneration of Rs 66.3 mn in FY25 and Rs 153.2 mn in FY26. Based on the proposed terms we estimate his remuneration for FY27 to be Rs 172.9 mn which can go up to Rs 345.6 mn if commission is paid at the maximum proposed - 5% of profits - which is open ended. Through this resolution, the company also seeks approval to pay remuneration that may exceed 5% of net profit, for which the rationale is not clear. Sandip Somany’s estimated remuneration is not aligned with the size and complexity of the business, nor comparable with peers in the industry. The company should cap the commission and the overall remuneration in absolute terms. The company should also disclose the performance metrics governing his variable pay. We do not support the resolution.
- Motilal Oswal Mutual FundHolds 2 full time positions; Excessive Time Commitments; No absolute cap placed on variable pay; Attendance details not disclosed for Board meetings held during FY 2025- 26.
1 for2 against - Remuneration by way of Commission to the Directors (Other than Managing Directors)
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundSchedule V disclosures not made adequately.
2 for1 against
6 earlier meetings
Mutual fund votes, meeting of 6 Mar 2026, 8 fund houses
- To consider and approve alteration in the object clause of the Memorandum of Association of the Company8 for0 against
Mutual fund votes, meeting of 6 Nov 2025, 8 fund houses
- To approve raising of funds by way of issuance of securities upto Rs. 1,500 Crore (Rupees One Thousand Five Hundred Crore)
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance and Transparency concern: Potential dilution as a result of the proposed issuance could be significant and there is no justification on why a Rights Issue is not opted for.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance and Transparency concern: Potential dilution as a result of the proposed issuance could be significant and there is no justification on why a Rights Issue is not opted for.
- Jio BlackRock Mutual FundIf the issuance is made at the current market price of Rs. 830.7 (as on 27 October 2025), AGI Greenpac Limited will have to issue ~18.1 mn equity shares. This will result in an equity dilution of ~21.8% on the expanded capital base (as on 30 September 2025), which is high. We understand that the company plans to increase its capacity by 25% over the next two years and enter the aluminium beverage cans business. These brownfield and greenfield expansion plans of ~ Rs 17.0 bn will be funded through a mix of debt, equity and internal accruals (break up not provided). However, the proposed resolution is enabling in nature: the company must provide granular details for the utilisation of the proposed equity raise. The company must provide a capital allocation plan for the proposed fund raise. We also note that the company had obtained shareholder approval for raising Rs. 15.0 bn for the purpose of acquiring Hindustan Natural Glass Limited (HNG) through a postal ballot in January 2025. However, the acquisition failed due to the Supreme Court ruling against the same.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
2 for6 against - To consider and approve alteration in the object clause of the Memorandum of Association of the Company8 for0 against
Mutual fund votes, meeting of 29 Aug 2025, 7 fund houses
To consider and adopt the audited standalone financial statements of the Company for the financial year ended 31 March 2025, the reports of the Board of Directors and Auditors' thereon and the audited consolidated financial statements of the Company for the financial year ended 31 March 2025 and Auditors’ Report thereon.MoreLess
7 for0 against- To Declare dividend on Equity Shares for the year ended 31 March 20257 for0 against
- To appoint a Director in place of Mr. Sandip Somany (DIN: 00053597) who retires by rotation, and being eligible, offers himself for re-appointment
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance concern: Excessive time commitments - Holding two full-time positions; Holding Combined position of Chairman and Managing Director, which may lead to concentration of powers in the hands of single person.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Excessive time commitments - Holding two full-time positions; Holding Combined position of Chairman and Managing Director, which may lead to concentration of powers in the hands of single person.
3 for4 against - Appointment of M/s DMK Associates (DMK), Practising Company Secretaries as Secretarial Auditor of the Company for a term of five (5) consecutive years and fixation of remuneration thereof7 for0 against
Mutual fund votes, meeting of 27 Jan 2025, 5 fund houses
- APPROVAL FOR RAISING OF FUNDS BY WAY OF ISSUANCE OF EQUITY SHARES AND/OR EQUITY LINKED SECURITIES BY THE COMPANY
Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Excessive dilution; no justification for not opting for Rights Issue. There doesn’t appear to be any urgent need of funds.
2 for3 against
Mutual fund votes, meeting of 26 Dec 2024, 4 fund houses
- Appointment of Dr. Laveesh Bhandari as an Independent Director of the Company4 for0 against
- Appointment of Mr. Nand Gopal Khaitan as a Non-Executive Non-Independent Director of the Company
Against Bandhan Mutual Fund, Groww Mutual Fund
- Bandhan Mutual Fund, Groww Mutual FundCompliant with Law. No issues on merit of appointee. Governance Concern: Conversion from Independent Director to Non-Independent Director without serving a cooling-off period. Excessive time commitment.
2 for2 against
Mutual fund votes, meeting of 18 Sep 2024, 3 fund houses
- To consider and adopt the Audited Financial Statements of the Company for the financial year ended 31 March 2024, the reports of the Board of Directors and Auditors thereon3 for0 against
- To Declare dividend on Equity Shares for the year ended 31 March 20243 for0 against
- To appoint a Director in place of Ms. Sumita Somany (DIN: 00133612) who retires by rotation, and being eligible, offers herself for re-appointment3 for0 against
- Re-appointment of Mr. Anil Wadhwa as an Independent Director3 for0 against
- Re-appointment of Mr. Rakesh Sarin as an Independent Director3 for0 against
- Re-appointment of Ms. Himalyani Gupta as an Independent Director3 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 disputeCommercial Tax officerSince 10 Aug 2017PendingAt the filing before: Open
- Tax disputeCommercial Tax officerSince 21 Mar 2018PendingAt the filing before: Open
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
- 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.