Share price at the NSE close on 23 Oct 2026. Previous close ₹1,452.00.
- 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.
- ₹1,489 Cr1,243rd 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 12 Aug 2026
- 12.8
- 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 May 2026
- 1.6
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- 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 12 Aug 2026
- 12.9%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 18.46%
- Cost of fundsCost of funds. Interest paid ÷ the average of what the company pays interest on × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 13.66%
- Credit costCredit cost. What was set aside for loans that may not be repaid ÷ average loans given × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 7.61%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026.
- 2.25%
- LeverageAssets per rupee of net worth. Average total assets ÷ average net worth: rupees of assets for each rupee of net worth; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 2.78times net worth
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,06,98760.8% delivered
Arman Financial Services board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonAlok Prasad
- Managing directorAalok Jayendra Patel
- Company Secretary and Compliance OfficerUttam Patel
7 directors4 independent1 executive2 non-executive
- Alok Prasad · ChairpersonIndependent · joined Aug 2018 · reappointed Jul 2023 · 98 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 1 as chair
- Aalok Jayendra Patel · Managing directorExecutive · joined Jan 2007 · reappointed Feb 2026 · 1 listed board · 4 committee seats
- Ritaben Jayendrabhai PatelNon-executive · joined Nov 1992 · reappointed Sep 2024 · 1 listed board · 1 committee seat
- Aakash Jayendrabhai PatelNon-executive · joined Oct 2000 · 1 listed board
- Geeta Haresh SolankiIndependent · joined Apr 2020 · reappointed Mar 2025 · 78 months as independent · 1 listed board · 1 as independent
- Yash Kaushik ShahIndependent · joined Sep 2021 · reappointed Aug 2025 · 61 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 1 as chair
- Pinakin Surendrai ShahIndependent · joined Aug 2024 · 26 months as independent · 1 listed board · 1 as independent · 3 committee seats, 2 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
- Jayendrabhai Bhailalbhai Patel, left 25 Aug 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 12 Aug 20267 of 8 present4 independent · 76 days in between
- 27 May 20267 of 8 present4 independent
Audit Committee
Chair Yash Kaushik Shah
Alok Prasad, Pinakin Surendrai Shah, Aalok Jayendra Patel
- 12 Aug 20264 of 4 present3 independent · 42 days in between
- 27 May 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Pinakin Surendrai Shah
Alok Prasad, Yash Kaushik Shah, Ritaben Jayendrabhai Patel
- 12 Aug 20264 of 4 present3 independent
Stakeholders Relationship Committee
Chair Alok Prasad
Yash Kaushik Shah, Aalok Jayendra Patel
No meeting listed in the filing.
Risk Management Committee
Chair Alok Prasad
Aalok Jayendra Patel, Moorthy Govindarajan
- 30 Jun 20261 of 3 present1 independent · 33 days in between
Corporate Social Responsibility Committee
Chair Pinakin Surendrai Shah
Geeta Haresh Solanki, Aalok Jayendra Patel
- 12 Aug 20262 of 3 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.
- Laxminiwas & Co.Peer-review certificate valid to Jul 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.
Arman Financial Services 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.Arman Financial Services dividend history
Annual general meeting, 28 Sep 2026
33,047 shareholders on the register on 21 Sep 2026; present: 2 promoters and 50 others; votes counted by Gautam Virsadiya / GKV & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt the Standalone Financial Statements as at 31st March, 2026 including the Audited Balance Sheet as at 31st March, 2026, the Statement of Profit and Loss for the year ended on that date and reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 40.79% · promoters 99.36% · institutions 71.84% · other public 18.41%
To receive, consider and adopt the Consolidated Financial Statements as at 31st March, 2026 including the Audited Balance Sheet as at 31st March, 2026, the Statement of Profit and Loss for the year ended on that date and reports of the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 40.79% · promoters 99.36% · institutions 71.84% · other public 18.41%
- To appoint a Director in place of Mr. Aalok Jayendra Patel (DIN: 02482747) as Director who retires by rotation and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it99.71% for0.29% against
Against: promoters 0.00% · institutions 1.94% · other public 0.00%
Turnout: all 40.79% · promoters 99.36% · institutions 71.84% · other public 18.41%
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.
Postal ballot, 10 Apr 2026, 2 resolutions
35,049 shareholders on the register on 6 Mar 2026; votes counted by Gautam Virsadiya / GKV & Associates.The company's voting result (opens in a new tab)
- Re-Designation of Mr. Jayendrabhai Bhailalbhai Patel (DIN:00011814) from Vice Chairman & Managing Director to Whole-time Director of the company for a term of 5 (five) yearsSpecialPromoters have an interest in it99.59% for0.41% against
Against: promoters 0.00% · institutions 3.25% · other public 0.01%
Turnout: all 38.68% · promoters 97.55% · institutions 71.77% · other public 17.32%
- Re-Designation of Mr. Aalok Jayendra Patel (DIN:02482747) from Joint Managing Director to Vice Chairman & Managing Director of the company for a term of 5 (five) yearsSpecialPromoters have an interest in it99.59% for0.41% against
Against: promoters 0.00% · institutions 3.25% · other public 0.01%
Turnout: all 38.68% · promoters 97.55% · institutions 71.77% · other public 17.32%
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, 29 Sep 2025, 7 resolutions
37,320 shareholders on the register on 22 Sep 2025; present: 4 promoters and 51 others; votes counted by Gautam Virsadiya / GKV & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt the Standalone Financial Statements as at 31st March, 2025 including the Audited Balance Sheet as at 31st March, 2025, the Statement of Profit and Loss for the year ended on that date and reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 36.70% · promoters 97.54% · institutions 46.97% · other public 16.93%
To receive, consider and adopt the Consolidated Financial Statements as at 31st March, 2025 including the Audited Balance Sheet as at 31st March, 2025, the Statement of Profit and Loss for the year ended on that date and reports of the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 36.70% · promoters 97.54% · institutions 46.97% · other public 16.93%
- To appoint a Director in place of Mr. Aakash Patel (DIN: 02778878) as Director who retires by rotation and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 36.70% · promoters 97.54% · institutions 46.97% · other public 16.93%
- To appoint a Director in place of Mrs. Ritaben Patel (DIN: 00011818) as Director 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 0.00% · other public 0.04%
Turnout: all 36.70% · promoters 97.54% · institutions 46.97% · other public 16.93%
- To appoint M/s GKV and Associates as Secretarial Auditors of the company for a term of 5 (five) yearsOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 36.70% · promoters 97.54% · institutions 46.97% · other public 16.93%
- Re-appointment of Mr. Jayendra Patel (DIN: 00011814) as Vice Chairman & Managing Director of the company for a term of 5 (five) yearsSpecialPromoters have an interest in it99.74% for0.27% against
Against: promoters 0.00% · institutions 2.95% · other public 0.04%
Turnout: all 36.70% · promoters 97.54% · institutions 46.97% · other public 16.93%
- Re-appointment of Mr. Yash Shah (DIN: 02155636) as an Independent Director of the company for the second term.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 36.70% · promoters 97.54% · institutions 46.97% · other public 16.93%
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, 21 Mar 2025, 1 resolution
43,303 shareholders on the register on 14 Feb 2025; votes counted by Gautam Virsadiya / GKV & Associates.The company's voting result (opens in a new tab)
- Re-appointment of Ms. Geeta Haresh Solanki (DIN: 08212773) as an Independent Director of the CompanySpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.24%
Turnout: all 27.27% · promoters 99.69% · institutions 76.40% · other public 1.07%
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, 27 Sep 2024, 7 resolutions
Present: 4 promoters and 52 others.The company's voting result (opens in a new tab)
To consider and adopt: na)tthe audited financial statement of the Company for the financial year ended March 31, 2024, the reports of the Board of Directors and Auditors thereon; and nb)tthe audited consolidated financial statement of the Company for the financial year ended March 31, 2024.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 30.48% · promoters 97.47% · institutions 73.92% · other public 2.02%
- To appoint a Director in place of Mr. Jayendrabhai Bhailalbhai Patel [DIN - 00011814] who retires by rotation and being eligible, offers himself for reappointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 8.95% · promoters 0.00% · institutions 73.92% · other public 2.02%
- To appoint Statutory Auditors of the Company and fix their remuneration.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 30.48% · promoters 97.47% · institutions 73.92% · other public 2.02%
- Private Placement of Non-Convertible DebenturesSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 30.48% · promoters 97.47% · institutions 73.92% · other public 2.02%
- Re-appointment of Mr. Aalok Jayendra Patel (DIN- 02482747) as the Joint Managing Director of the Company for a term of 5 yearsSpecialPromoters have an interest in it89.75% for10.26% against
Against: promoters 0.00% · institutions 12.10% · other public 0.01%
Turnout: all 8.95% · promoters 0.00% · institutions 73.92% · other public 2.02%
- Continuation of Mrs. Ritaben Jayendrabhai Patel (DIN: 00011818) as a Non-executive Director of the CompanySpecialPromoters have an interest in it99.88% for0.12% against
Against: promoters 0.00% · institutions 0.13% · other public 0.01%
Turnout: all 8.95% · promoters 0.00% · institutions 73.92% · other public 2.02%
- Appointment of Mr. Pinakin Surendra Shah (DIN - 00007695) as a Non-Executive, Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 30.48% · promoters 97.47% · institutions 73.92% · other public 2.02%
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 Sep 2023, 9 resolutions
Present: 4 promoters and 40 others.The company's voting result (opens in a new tab)
- To consider and adopt Consolidated and Standalone Audited financial statement of the Company for the financial year ended March 31, 2023 and the reports of the Board of Directors and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 32.16% · promoters 97.90% · institutions 79.99% · other public 2.31%
- To appoint a Director in place of Mr. Aakash Patel [DIN- 02778878] who retires by rotation and being eligible, offers himself for reappointment.OrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 5.47% · promoters 0.00% · institutions 79.99% · other public 2.31%
- To appoint a Director in place of Mrs. Ritaben Patel [DIN- 00011818] who retires by rotation and being eligible, offers herself for reappointment.OrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 5.47% · promoters 0.00% · institutions 79.99% · other public 2.31%
- Increasing the Borrowing Powers under Section 180(1)(c) of the Companies Act, 2013 up to 1500 Cr.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 32.16% · promoters 97.90% · institutions 79.99% · other public 2.31%
- Creation of charges, mortgages, hypothecation on the immovable and movable properties of the Company under section 180(1)(a) of the Companies Act, 2013.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 32.16% · promoters 97.90% · institutions 79.99% · other public 2.31%
- Private Placement of Non-Convertible Debentures.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 32.15% · promoters 97.90% · institutions 79.99% · other public 2.29%
- Issuance of Securities through Qualified Institutions Placement for an aggregate amount not exceeding Rs. 350 Crores (Rupees Three Hundred and Fifty Crores only).Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 32.15% · promoters 97.90% · institutions 79.99% · other public 2.29%
- Alteration of the Object Clause of the Memorandum of Association of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 32.15% · promoters 97.90% · institutions 79.99% · other public 2.29%
- Alteration in Article of Association of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 32.15% · promoters 97.90% · institutions 79.99% · other public 2.29%
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, 4 Jul 2023, 3 resolutions
The company's voting result (opens in a new tab)
- Approval of ‘Arman -Employee Stock Option Plan – 2023’ (“ESOP Plan 2023”)Special99.64% for0.36% against
Against: promoters 0.54% · institutions 0.00% · other public 0.02%
Turnout: all 29.46% · promoters 71.28% · institutions 30.15% · other public 12.32%
- Approval of Employee Stock Option Plan - 2023 for the eligible employees of the Subsidiary Company(ies) of the CompanySpecial99.63% for0.37% against
Against: promoters 0.54% · institutions 0.00% · other public 0.03%
Turnout: all 29.46% · promoters 71.28% · institutions 30.15% · other public 12.32%
- Re-Appointment of Mr. Alok Prasad (DIN: 00080225) as an Independent Director of the Company for the second termSpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 29.46% · promoters 71.28% · institutions 30.15% · other public 12.32%
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, 29 Sep 2022, 5 resolutions
Present: 4 promoters and 31 others.The company's voting result (opens in a new tab)
- To consider and adopt Consolidated and Standalone Audited financial statement of the Company for the financial year ended March 31, 2022 and the reports of the Board of Directors and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 57.52% · promoters 98.19% · institutions 87.28% · other public 38.27%
- To appoint a Director in place of Mr. Jayendra Patel [DIN- 00011814] who retires by rotation and being eligible, offers himself for reappointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 30.65% · promoters 0.00% · institutions 87.28% · other public 38.27%
- To appoint a Director in place of Mr. Aalok Patel [DIN- 02482747] who retires by rotation and being eligible, offers himself for reappointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 30.65% · promoters 0.00% · institutions 87.28% · other public 38.27%
- Private Placement of Non-Convertible DebenturesSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 55.68% · promoters 98.19% · institutions 55.66% · other public 38.27%
- Issuance of securities through Qualified Institutions Placement for an aggregate amount not exceeding Rs. 150 Crores (Rupees One Hundred and Fifty Crores only)Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 57.52% · promoters 98.19% · institutions 87.28% · other public 38.27%
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 10 Apr 2026, 2 fund houses
- Re-Designation of Mr. Jayendrabhai Bhailalbhai Patel (DIN:00011814) from Vice Chairman & Managing Director to Whole-time Director of the company for a term of 5 (five) years
Against Groww Mutual Fund
- Groww Mutual FundCompliant with law. No concern on the merits of proposed Directors. Transparency concern: No major concern on the past/ proposed quantum of remuneration per-se. However, non-disclosure of terms of remuneration payable from Subsidiary Company; No absolute cap on variable pay or overall remuneration.
1 for1 against - Re-Designation of Mr. Aalok Jayendra Patel (DIN:02482747) from Joint Managing Director to Vice Chairman & Managing Director of the company for a term of 5 (five) years
Against Groww Mutual Fund
- Groww Mutual FundCompliant with law. No concern on the merits of proposed Directors. Transparency concern: No major concern on the past/ proposed quantum of remuneration per-se. However, non-disclosure of terms of remuneration payable from Subsidiary Company; No absolute cap on variable pay or overall remuneration.
1 for1 against
Mutual fund votes, meeting of 29 Sep 2025, 2 fund houses
To receive, consider and adopt the Standalone Financial Statements as at 31st March, 2025 including the Audited Balance Sheet as at 31st March, 2025, the Statement of Profit and Loss for the year ended on that date and reports of the Board of Directors and Auditors thereon.MoreLess
2 for0 againstTo receive, consider and adopt the Consolidated Financial Statements as at 31st March, 2025 including the Audited Balance Sheet as at 31st March, 2025, the Statement of Profit and Loss for the year ended on that date and reports of the Auditors thereon.MoreLess
2 for0 against- To appoint a Director in place of Mr. Aakash Patel (DIN: 02778878) as Director who retires by rotation and being eligible, offers himself for re-appointment.2 for0 against
- To appoint a Director in place of Mrs. Ritaben Patel (DIN: 00011818) as Director who retires by rotation and being eligible, offers herself for re-appointment.2 for0 against
- To appoint M/s GKV and Associates as Secretarial Auditors of the company for a term of 5 (five) years2 for0 against
- Re-appointment of Mr. Jayendra Patel (DIN: 00011814) as Vice Chairman & Managing Director of the company for a term of 5 (five) years2 for0 against
- Re-appointment of Mr. Yash Shah (DIN: 02155636) as an Independent Director of the company for the second term.2 for0 against
2 earlier meetings
Mutual fund votes, meeting of 21 Mar 2025, 2 fund houses
- Re-appointment of Ms. Geeta Haresh Solanki (DIN: 08212773) as an Independent Director of the Company2 for0 against
Mutual fund votes, meeting of 27 Sep 2024, 2 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To consider and adopt: na)tthe audited financial statement of the Company for the financial year ended March 31, 2024, the reports of the Board of Directors and Auditors thereon; and nb)tthe audited consolidated financial statement of the Company for the financial year ended March 31, 2024.MoreLess
2 for0 against- To appoint a Director in place of Mr. Jayendrabhai Bhailalbhai Patel [DIN - 00011814] who retires by rotation and being eligible, offers himself for reappointment2 for0 against
- To appoint Statutory Auditors of the Company and fix their remuneration.1 for0 against
- Private Placement of Non-Convertible Debentures2 for0 against
- Re-appointment of Mr. Aalok Jayendra Patel (DIN- 02482747) as the Joint Managing Director of the Company for a term of 5 years
Against Sundaram Mutual Fund
- Sundaram Mutual Fund"Aalok Jayendra Patel, 40, is part of the promoter family and son of Jayendrabhai Patel – Chairperson and Managing Director. He was last reappointed as Joint Managing Director in the FY19 AGM. He is also the Joint Managing Director of Namra Finance Limited, a material wholly owned subsidiary. In FY24, he received a remuneration of Rs. 1.0 mn from the listed entity and ~Rs. 4.1 mn from Namra Finance Limited, resulting in an aggregate remuneration of Rs. 5.1 mn. We cannot reliably estimate his proposed remuneration. The company has disclosed that he will receive a salary and perquisites (including variable pay) upto Rs. 12.0 mn per annum. However, we note that historically he has been receiving a higher remuneration from Namra Finance Limited, a material wholly owned subsidiary. Although we support his appointment, we believe this structure of paying remuneration via a subsidiary is not a good practice as it deprives shareholders of the opportunity to vote on that part of the remuneration. In this case, the remuneration from the subsidiary is ~80% of his overall FY24 remuneration. The company must provide granular disclosures on the remuneration to be received from the subsidiary, and seek shareholder approval for his aggregate compensation, including that paid from the subsidiary. We do not support this resolution."
1 for1 against - Continuation of Mrs. Ritaben Jayendrabhai Patel (DIN: 00011818) as a Non-executive Director of the Company2 for0 against
- Appointment of Mr. Pinakin Surendra Shah (DIN - 00007695) as a Non-Executive, Independent Director of the Company2 for0 against
1 proposal not matched to one resolution
To appoint M/s Laxminiwas and Co., Chartered Accountants, (Firm Registration No. 011168S) as Statutory Auditors of the Company in place of M/s Talati and Talati LLP, Chartered Accountants, (Firm Registration No. 110758W/W100377) the retiring Auditors, effective from the conclusion this (32nd) Annual General Meeting till the conclusion of 35th Annual General Meeting to be held in calendar year 2027 (For FY 2024 - 25 to FY 2026 -27) on such terms including remuneration, reimbursement of expenses (if any) as may be fixed and determined by the Board of Directors of the Company.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
- 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
Reported for the quarter to Sep 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| OthersJul 2025 | 42.00 | – | – | No |