Asian Paints logo

Asian Paints CEO, MD, chairman, board of directors and AGM

NSE: ASIANPAINTBSE: 500820Consumer DurablesLarge Cap

Formerly Asian Paints India
Last close ₹2,307.00up ₹22.20 (0.97%)BSE ₹2,305.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹2,284.80.

52-week range of traded prices to 23 Oct 2026
₹2,115.00Low, 23 Mar 2026₹2,985.70High, 4 Dec 2025
Market cap
₹2,21,287 Cr38th largest listed
P/E
46.4
P/B
10.4
Dividend yield
1.19%
ROE
23.4%
ROCE
24.7%
Debt to equity
0.10
Volume, NSE
8,36,46853.7% delivered

Asian Paints 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

  • ChairpersonRamaswami Seshasayee
  • Managing director and CEOAmit Syngle
  • Company Secretary and Compliance OfficerR J Jeyamurugan

15 directors8 independent1 executive6 non-executive

  • Ramaswami Seshasayee · ChairpersonIndependent · joined Jan 2017 · reappointed Jan 2022 · 116 months as independent · 1 listed board · 1 as independent
  • Manish Mahendra ChoksiNon-executive · joined Oct 2018 · reappointed Jul 2026 · 4 listed boards · 3 as independent · 5 committee seats, 1 as chair
  • Amit Syngle · Managing director and CEOExecutive · joined Apr 2020 · reappointed Apr 2023 · 1 listed board
  • Malav Ashwin DaniNon-executive · joined Oct 2013 · reappointed Jun 2025 · 2 listed boards
  • Amrita Amar VakilNon-executive · joined May 2014 · reappointed Jul 2026 · 2 listed boards · 2 committee seats
  • Milind Shripad SarwateIndependent · joined Oct 2021 · reappointed Oct 2021 · 59 months as independent · 5 listed boards · 5 as independent · 7 committee seats, 4 as chair
  • Nehal Abhay VakilNon-executive · joined Mar 2022 · reappointed Jun 2024 · 1 listed board · 1 committee seat
  • Ireena VittalIndependent · joined Jul 2023 · reappointed Jul 2023 · 38 months as independent · 3 listed boards · 3 as independent · 4 committee seats
  • Soumitra BhattacharyaIndependent · joined Oct 2023 · reappointed Oct 2023 · 35 months as independent · 3 listed boards · 2 as independent · 4 committee seats, 1 as chair
  • Gopichand KatragaddaIndependent · joined Apr 2024 · reappointed Apr 2024 · 30 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 2 as chair
  • Varun BerryIndependent · joined Oct 2024 · reappointed Oct 2024 · 23 months as independent · 3 listed boards · 3 as independent · 1 committee seat
  • Ashish Ashwin ChoksiNon-executive · joined Apr 2025 · 1 listed board · 1 committee seat
  • Sudhir Ganesh SitapatiIndependent · joined May 2026 · reappointed May 2026 · 4 months as independent · 1 listed board · 1 as independent
  • Shubhlakshmi Hasit DaniNon-executive · joined Jul 2026 · 1 listed board
  • Leo PuriIndependent · joined Sep 2026 · reappointed Sep 2026 · 0 months as independent · 3 listed boards · 3 as independent · 1 committee seat, 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
  • Jigish Shailesh Choksi, left 31 Mar 2025: Others

Committees and meetings

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

  • Board

    • 7 Sep 202615 of 15 present8 independent · 39 days in between
    • 29 Jul 202614 of 14 present7 independent · 60 days in between
    • 29 May 202612 of 12 present6 independent · 16 days in between
    • 12 May 202612 of 12 present6 independent

  • Audit Committee

    Chair Milind Shripad Sarwate

    Ireena Vittal, Soumitra Bhattacharya

    • 17 Sep 20263 of 3 present3 independent · 5 days in between
    • 11 Sep 20263 of 3 present3 independent · 15 days in between
    • 26 Aug 20263 of 3 present3 independent · no day in between
    • 25 Aug 20263 of 3 present3 independent · 3 days in between
    10 earlier meetings
    • 21 Aug 20263 of 3 present3 independent · 1 day in between
    • 19 Aug 20263 of 3 present3 independent · 21 days in between
    • 28 Jul 20263 of 3 present3 independent · 28 days in between
    • 29 Jun 20263 of 3 present3 independent · 2 days in between
    • 26 Jun 20262 of 3 present2 independent · 27 days in between
    • 29 May 20263 of 3 present3 independent · 8 days in between
    • 20 May 20263 of 3 present3 independent · 8 days in between
    • 11 May 20263 of 3 present3 independent · 13 days in between
    • 27 Apr 20263 of 3 present3 independent · 8 days in between
    • 18 Apr 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair Soumitra Bhattacharya

    Manish Mahendra Choksi, Ramaswami Seshasayee, Varun Berry

    • 2 Sep 20264 of 4 present3 independent · 34 days in between
    • 29 Jul 20264 of 4 present3 independent · 20 days in between
    • 8 Jul 20264 of 4 present3 independent · 27 days in between
    • 10 Jun 20264 of 4 present3 independent · 12 days in between
    4 earlier meetings
    • 28 May 20264 of 4 present3 independent · 16 days in between
    • 11 May 20264 of 4 present3 independent · 3 days in between
    • 7 May 20264 of 4 present3 independent · 9 days in between
    • 27 Apr 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Gopichand Katragadda

    Nehal Abhay Vakil, Ashish Ashwin Choksi

    • 20 Aug 20263 of 3 present1 independent · 124 days in between
    • 17 Apr 20263 of 3 present1 independent

  • Risk Management Committee

    Chair Ireena Vittal

    Ashish Ashwin Choksi, Milind Shripad Sarwate, Nehal Abhay Vakil, Rahul Bhatnagar

    • 25 Sep 20264 of 4 present2 independent · 87 days in between
    • 29 Jun 20264 of 4 present2 independent

  • Corporate Social Responsibility Committee

    Chair Malav Ashwin Dani

    Gopichand Katragadda, Amrita Amar Vakil, Amit Syngle

    • 17 Jul 20264 of 4 present1 independent

  • Investment Committee

    Chair Ramaswami Seshasayee

    Manish Mahendra Choksi, Malav Ashwin Dani, Amit Syngle, Amrita Amar Vakil, Soumitra Bhattacharya

    • 1 Sep 20266 of 6 present2 independent · 60 days in between
    • 2 Jul 20266 of 6 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.

  • Deloitte Haskins & Sells LLPPeer-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.

Asian Paints 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.Asian Paints dividend history

Postal ballot, 9 Sep 2026

9,71,369 shareholders on the register on 31 Jul 2026; votes counted by Mr. Makarand M. Joshi / Makarand M. Joshi & Co.The company's voting result (opens in a new tab)

  1. Appointment of Ms. Shubhlakshmi Dani (DIN: 02942138) as a Non-Executive Director of the Company, liable to retire by rotation.
    Ordinary
    95.49% for4.51% against

    Against: promoters 0.00% · institutions 11.98% · other public 6.05%

    Turnout: all 82.16% · promoters 97.22% · institutions 90.51% · other public 0.70%

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, 9 Jul 2026, 8 resolutions

9,87,709 shareholders on the register on 2 Jul 2026; present: 27 promoters and 131 others; votes counted by Makarand M. Joshi / Makarand M. Joshi & Co.The company's voting result (opens in a new tab)

  1. Adoption of: (A) audited standalone financial statements of the Company for the financial year ended 31st March 2026 together with the reports of Board of Directors and Auditors thereon; and (B) audited consolidated financial statements of the Company for the financial year ended 31st March 2026 together with the report of Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.36%

    Turnout: all 81.87% · promoters 97.20% · institutions 89.76% · other public 0.68%

  2. Declaration of final 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 2.33%

    Turnout: all 81.88% · promoters 97.20% · institutions 89.80% · other public 0.68%

  3. Re-appointment of Mr. Manish Choksi (DIN: 00026496) as a Director, liable to retire by rotation
    Ordinary
    98.88% for1.12% against

    Against: promoters 0.00% · institutions 2.98% · other public 2.63%

    Turnout: all 81.88% · promoters 97.20% · institutions 89.79% · other public 0.68%

  4. Re-appointment of Ms. Amrita Vakil (DIN: 00170725) as a Director, liable to retire by rotation
    Ordinary
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.60% · other public 6.60%

    Turnout: all 81.88% · promoters 97.20% · institutions 89.79% · other public 0.68%

  5. Appointment of S R B C & CO LLP, Chartered Accountants (Firm Registration No.: 324982E/E300003) as the Statutory Auditors of the Company
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.17% · other public 2.40%

    Turnout: all 81.88% · promoters 97.20% · institutions 89.79% · other public 0.68%

  6. Ratification of the remuneration payable to Joshi Apte & Associates, Cost Accountants (Firm Registration No.: 000240), Cost Auditors of the Company, for the financial year ending 31st March 2027
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.43%

    Turnout: all 81.88% · promoters 97.20% · institutions 89.79% · other public 0.68%

  7. Re-appointment of Mr. Milind Sarwate (DIN: 00109854) as an Independent Director of the Company to hold office for a second term of five consecutive years from 21st October 2026 to 20th October 2031
    Special
    98.50% for1.50% against

    Against: promoters 0.00% · institutions 4.00% · other public 6.76%

    Turnout: all 81.88% · promoters 97.20% · institutions 89.79% · other public 0.68%

  8. Appointment of Mr. Sudhir Sitapati (DIN: 09197063) as an Independent Director of the Company to hold office for a term of five consecutive years from 29th May 2026 to 28th May 2031
    Special
    99.76% for0.24% against

    Against: promoters 0.00% · institutions 0.63% · other public 6.56%

    Turnout: all 81.88% · promoters 97.20% · institutions 89.79% · other public 0.68%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Jun 2025, 6 resolutions

12,25,088 shareholders on the register on 19 Jun 2025; present: 25 promoters and 134 others; votes counted by Makarand M. Joshi / Makarand M. Joshi & Co.The company's voting result (opens in a new tab)

  1. Adoption of: (A) audited standalone financial statements of the Company for the financial year ended 31st March 2025 together with the reports of Board of Directors and Auditors thereon; and (B) audited consolidated financial statements of the Company for the financial year ended 31st March 2025 together with the report of Auditors thereonMoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.05% · other public 0.38%

    Turnout: all 81.93% · promoters 97.22% · institutions 93.38% · other public 0.74%

  2. Declaration of final 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 0.36%

    Turnout: all 81.95% · promoters 97.22% · institutions 93.42% · other public 0.74%

  3. Re-appointment of Mr. Malav Dani (DIN: 01184336) as a Director liable to retire by rotation
    Ordinary
    99.57% for0.43% against

    Against: promoters 0.00% · institutions 1.15% · other public 2.39%

    Turnout: all 81.94% · promoters 97.22% · institutions 93.42% · other public 0.74%

  4. Appointment of Mr. Ashish Choksi (DIN: 00059132) as a Non-Executive Director of the Company
    Ordinary
    99.65% for0.35% against

    Against: promoters 0.00% · institutions 0.94% · other public 0.92%

    Turnout: all 81.94% · promoters 97.22% · institutions 93.42% · other public 0.74%

  5. Appointment of Dr. K. R. Chandratre, Practicing Company Secretary (FCS No.: 1370; CP No.: 5144 & Peer Review Certificate No.: 1206/2021), as the Secretarial Auditor of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.42%

    Turnout: all 81.94% · promoters 97.22% · institutions 93.42% · other public 0.74%

  6. Ratification of the remuneration payable to Joshi Apte & Associates, Cost Accountants (Firm Registration No.: 000240), Cost Auditors of the Company, for the financial year ending 31st March 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.89%

    Turnout: all 81.93% · promoters 97.22% · institutions 93.38% · other public 0.74%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 16 Oct 2024, 1 resolution

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

  1. Appointment of Mr. Varun Berry (DIN: 05208062) as an Independent Director of the Company to hold office for a period of five consecutive years from 23rd October 2024 to 22nd October 2029.
    Special
    98.66% for1.34% against

    Against: promoters 0.00% · institutions 4.01% · other public 2.10%

    Turnout: all 76.95% · promoters 97.22% · institutions 90.23% · other public 1.08%

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, 25 Jun 2024, 5 resolutions

Present: 22 promoters and 130 others.The company's voting result (opens in a new tab)

  1. Adoption of: (A) audited standalone financial statements of the Company for the financial year ended 31st March 2024 together with the reports of the Board of Directors and Auditors thereon; and (B) audited consolidated financial statements of the Company for the financial year ended 31st March 2024 together with the report of Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.65% · promoters 97.50% · institutions 80.03% · other public 1.03%

  2. Declaration of final dividend on equity shares for the financial year ended 31st March 2024
    Ordinary
    99.79% for0.21% against

    Against: promoters 0.00% · institutions 0.71% · other public 0.12%

    Turnout: all 73.70% · promoters 97.50% · institutions 80.22% · other public 1.03%

  3. Re-appointment of Mr. Jigish Choksi (DIN: 08093304) as a Director liable to retire by rotation
    Ordinary
    98.54% for1.46% against

    Against: promoters 0.00% · institutions 4.85% · other public 0.64%

    Turnout: all 73.70% · promoters 97.50% · institutions 80.22% · other public 1.03%

  4. Appointment of Ms. Nehal Vakil (DIN: 00165627) as a Non-Executive Director of the Company
    Ordinary
    98.52% for1.48% against

    Against: promoters 0.00% · institutions 4.91% · other public 0.56%

    Turnout: all 73.70% · promoters 97.50% · institutions 80.22% · other public 1.03%

  5. Ratification of the remuneration payable to Joshi Apte & Associates, Cost Accountants (Firm Registration No.: 000240), Cost Auditors of the Company, for the financial year ending 31st March 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.49%

    Turnout: all 73.69% · promoters 97.50% · institutions 80.16% · other public 1.03%

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, 8 May 2024, 2 resolutions

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

  1. Appointment of Dr. Gopichand Katragadda (DIN: 02475721) as an Independent Director of the Company to hold office for a period of five consecutive years from 1st April 2024 to 31st March 2029
    Special
    99.20% for0.80% against

    Against: promoters 0.00% · institutions 2.56% · other public 1.25%

    Turnout: all 74.70% · promoters 97.50% · institutions 84.05% · other public 1.19%

  2. Ratification of the remuneration payable to Joshi Apte & Associates, Cost Accountants (Firm Registration No.: 000240), Cost Auditors of the Company for the financial year ending 31st March 2024
    Ordinary
    99.37% for0.63% against

    Against: promoters 0.00% · institutions 2.04% · other public 0.95%

    Turnout: all 74.65% · promoters 97.50% · institutions 83.85% · other public 1.19%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 22 Dec 2023, 1 resolution

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

  1. Appointment of Mr. Soumitra Bhattacharya (DIN: 02783243) as an Independent Director of the Company to hold office for a period of five consecutive years from 26th October 2023 to 25th October 2028
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.26% · other public 0.88%

    Turnout: all 74.21% · promoters 97.30% · institutions 82.56% · other public 1.31%

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, 15 Sep 2023, 1 resolution

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

  1. Appointment of Mrs. Ireena Vittal (DIN: 05195656) as an Independent Director of the Company to hold office for a period of five consecutive years from 25th July, 2023 to 24th July, 2028
    Special
    96.85% for3.15% against

    Against: promoters 0.00% · institutions 10.12% · other public 6.09%

    Turnout: all 74.42% · promoters 97.21% · institutions 82.84% · other public 1.85%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 9 Sep 2026, 17 fund houses so far (houses' deadline to file 15 Oct 2026)

  • Appointment of Ms. Shubhlakshmi Dani (DIN: 02942138) as a Non-Executive Director of the Company, liable to retire by rotation.
    Against HSBC Mutual Fund
    • HSBC Mutual FundShubhlakshmi Dani's limited corporate and business experience raises questions on her potential contribution to board deliberations.
    16 for1 against

Mutual fund votes, meeting of 9 Jul 2026, 17 fund houses so far (houses' deadline to file 15 Oct 2026)

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

  • Adoption of: (A) audited standalone financial statements of the Company for the financial year ended 31st March 2026 together with the reports of Board of Directors and Auditors thereon; and (B) audited consolidated financial statements of the Company for the financial year ended 31st March 2026 together with the report of Auditors thereonMoreLess
    16 for0 against
  • Declaration of final dividend on equity shares for the financial year ended 31st March 2026
    17 for0 against
  • Re-appointment of Mr. Manish Choksi (DIN: 00026496) as a Director, liable to retire by rotation
    17 for0 against
  • Re-appointment of Ms. Amrita Vakil (DIN: 00170725) as a Director, liable to retire by rotation
    17 for0 against
  • Appointment of S R B C & CO LLP, Chartered Accountants (Firm Registration No.: 324982E/E300003) as the Statutory Auditors of the Company
    17 for0 against
  • Ratification of the remuneration payable to Joshi Apte & Associates, Cost Accountants (Firm Registration No.: 000240), Cost Auditors of the Company, for the financial year ending 31st March 2027
    17 for0 against
  • Re-appointment of Mr. Milind Sarwate (DIN: 00109854) as an Independent Director of the Company to hold office for a second term of five consecutive years from 21st October 2026 to 20th October 2031
    17 for0 against
  • Appointment of Mr. Sudhir Sitapati (DIN: 09197063) as an Independent Director of the Company to hold office for a term of five consecutive years from 29th May 2026 to 28th May 2031
    17 for0 against
1 proposal not matched to one resolution
  • Accept Financial Statements and Statutory Reports and Audited Consolidated Financial Statements
    1 for0 against
6 earlier meetings

Mutual fund votes, meeting of 26 Jun 2025, 33 fund houses

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

  • Adoption of: (A) audited standalone financial statements of the Company for the financial year ended 31st March 2025 together with the reports of Board of Directors and Auditors thereon; and (B) audited consolidated financial statements of the Company for the financial year ended 31st March 2025 together with the report of Auditors thereonMoreLess
    30 for0 against
  • Declaration of final dividend on equity shares for the financial year ended 31st March 2025
    32 for0 against
  • Re-appointment of Mr. Malav Dani (DIN: 01184336) as a Director liable to retire by rotation
    33 for0 against
  • Appointment of Mr. Ashish Choksi (DIN: 00059132) as a Non-Executive Director of the Company
    32 for0 against
  • Appointment of Dr. K. R. Chandratre, Practicing Company Secretary (FCS No.: 1370; CP No.: 5144 & Peer Review Certificate No.: 1206/2021), as the Secretarial Auditor of the Company
    32 for0 against
  • Ratification of the remuneration payable to Joshi Apte & Associates, Cost Accountants (Firm Registration No.: 000240), Cost Auditors of the Company, for the financial year ending 31st March 2026
    32 for0 against
6 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against
  • Item 6, as a fund house numbered it
    1 for0 against
  • Accept Financial Statements and Statutory Reports and Audited Consolidated Financial Statements
    2 for0 against

Mutual fund votes, meeting of 16 Oct 2024, 32 fund houses

  • Appointment of Mr. Varun Berry (DIN: 05208062) as an Independent Director of the Company to hold office for a period of five consecutive years from 23rd October 2024 to 22nd October 2029.
    32 for0 against

Mutual fund votes, meeting of 25 Jun 2024, 30 fund houses

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

  • Adoption of: (A) audited standalone financial statements of the Company for the financial year ended 31st March 2024 together with the reports of the Board of Directors and Auditors thereon; and (B) audited consolidated financial statements of the Company for the financial year ended 31st March 2024 together with the report of Auditors thereon.MoreLess
    26 for0 against
  • Declaration of final dividend on equity shares for the financial year ended 31st March 2024
    28 for0 against
  • Re-appointment of Mr. Jigish Choksi (DIN: 08093304) as a Director liable to retire by rotation
    28 for0 against
  • Appointment of Ms. Nehal Vakil (DIN: 00165627) as a Non-Executive Director of the Company
    28 for0 against
  • Ratification of the remuneration payable to Joshi Apte & Associates, Cost Accountants (Firm Registration No.: 000240), Cost Auditors of the Company, for the financial year ending 31st March 2025
    28 for0 against
7 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against
  • 1. To receive, consider and adopt the: (A) audited standalone financial statements of the Company for the financial year ended 31st March 2024 together with the reports of the Board of Directors and Auditors thereon; and (B) audited consolidated financial statements of the Company for the financial year ended 31st March 2024 together with the report of Auditors thereon. 2. To declare the final dividend on equity shares for the financial year ended 31st March 2024. 3. To appoint a Director in place of Mr. Jigish Choksi (DIN: 08093304), who retires by rotation and being eligible, offers himself for re-appointment. 4. To appoint Ms. Nehal Vakil (DIN: 00165627) as a Non-Executive Director of the Company. 5. To ratify the remuneration payable to Joshi Apte & Associates, Cost Accountants (Firm Registration No.: 000240), Cost Auditors of the Company for the financial year ending 31st March 2025.MoreLess
    1 for0 against
  • Accept Financial Statements and Statutory Reports and Audited Consolidated Financial Statements
    2 for0 against

Mutual fund votes, meeting of 8 May 2024, 32 fund houses

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

  • Appointment of Dr. Gopichand Katragadda (DIN: 02475721) as an Independent Director of the Company to hold office for a period of five consecutive years from 1st April 2024 to 31st March 2029
    31 for0 against
  • Ratification of the remuneration payable to Joshi Apte & Associates, Cost Accountants (Firm Registration No.: 000240), Cost Auditors of the Company for the financial year ending 31st March 2024
    31 for0 against
2 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 28 Mar 2024, 6 fund houses

  • Re-appointment of Mrs. Pallavi Shroff (DIN: 00013580) as an Independent Director of the Company, not liable to retire by rotation, for a second term of two consecutive years with effect from1st April 2024 to 31st March 2026.MoreLess
    Against Bank of India Mutual Fund, Invesco Mutual Fund, Nippon India Mutual Fund
    • Bank of India Mutual FundMs. Pallavi Shroff, 67, is Managing Partner and Head of Dispute Management at Shardul Amarchand Mangaldas & Co. She attended seven out of eight (88%) board meetings held in FY23. Pallavi Shroff serves on the board of six listed companies (including Asian Paints). Given their full-time responsibilities, regulations allow whole-time directors of listed companies to be independent directors in a maximum of three listed companies. We believe that, as Managing Partner, her responsibilities are equivalent to a whole-time directorship. Therefore, her high number of directorships on listed companies is not in keeping with the spirit of the regulation. Hence, we do not support the resolution.
    • Invesco Mutual FundMs. Pallavi Shroff, 67, is Managing Partner and Head of Dispute Management at Shardul Amarchand Mangaldas & Co. She attended seven out of eight (88%) board meetings held in FY23. Pallavi Shroff serves on the board of six listed companies (including Asian Paints). Given their full-time responsibilities, regulations allow whole-time directors of listed companies to be independent directors in a maximum of three listed companies. We believe that, as Managing Partner, her responsibilities are equivalent to a whole-time directorship. Therefore, her high number of directorships on listed companies is not in keeping with the spirit of the regulation. Hence, we do not support the resolution
    • Nippon India Mutual FundPecuinary relationship
    1 for3 against
  • Re-appointment of Mrs. Pallavi Shroff (DIN: 00013580) as an Independent Director of the Company to hold office for a second term of two consecutive years from 1st April 2024 to 31st March 2026
    Against JM Financial Mutual Fund
    • JM Financial Mutual FundAppointment compliant with Law. No concern on the merits of the proposed appointee. Governance Concern: Non-material pecuniary relationship with the Company.
    0 for1 against
  • Reappoint Ms. Pallavi Shroff (DIN: 00013580) as Independent Director for two years from 1 April 2024
    Against DSP Mutual Fund
    • DSP Mutual FundMs. Pallavi Shroff, 67, is Managing Partner and Head of Dispute Management at Shardul Amarchand Mangaldas & Co. She attended seven out of eight (88%) board meetings held in FY23. Pallavi Shroff serves on the board of six listed companies (including Asian Paints). Given their full-time responsibilities, regulations allow whole-time directors of listed companies to be independent directors in a maximum of three listed companies. We believe that, as Managing Partner, her responsibilities are equivalent to a whole-time directorship. Therefore, her high number of directorships on listed companies is not in keeping with the spirit of the regulation. Hence, we do not support the resolution.
    0 for1 against

Mutual fund votes, meeting of 22 Dec 2023, 29 fund houses

  • Appointment of Mr. Soumitra Bhattacharya (DIN: 02783243) as an Independent Director of the Company to hold office for a period of five consecutive years from 26th October 2023 to 25th October 2028
    29 for0 against

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

Fines

Reported in the filing for the quarter to Sep 2026.

  • Fine or penaltyDeputy Assistant Commissioner, PeddapuramSince 1 Jul 2026

    An order has been passed under the relevant provisions of the Central Goods and Services Tax Act, 2017 and the corresponding provisions of the Andhra Pradesh Goods and Services Tax Act, 2017, imposing a penalty of Rs.10,000

    The adjudicating authority has imposed a penalty towards a truck detention case due to an incomplete address of the ship-to party being mentioned in the e-way bill.
  • Fine or penaltyChief Judicial Magistrate Court, Cuddalore DistrictSince 7 Jul 2026

    Fine of Rs. 40000 levied on the factory manager for violation of certain provisions of the Factories Act and the Tamil Nadu Factories Rules

    Violation of section 87 and Rule 95 of the Factories Act and the Tamil Nadu Factories Rules.
  • Fine or penaltyChief Judicial Magistrate Court, Cuddalore DistrictSince 7 Jul 2026

    Fine of Rs. 40000 levied on the Managing Director of the Company, who is an occupier of the Factory situated at Cuddalore for violation of certain provisions of the Factories Act 1948 and the Tamil Nadu Factories Rules 1950

    Violation of section 87 and Rule 95 of the Factories Act and the Tamil Nadu Factories Rules.
  • Fine or penaltyState Tax Officer, Roving Squad-3, Erode.Since 29 Jul 2026

    Penalty of Rs. 20000 levied for violation of certain provisions of the Central Goods and Services Tax Act, 2017 and the corresponding provisions of the Tamil Nadu Goods and Services Tax Act, 2017

    Penalty imposed towards truck detention case due to mismatch in customer address details appearing in transport/invoice documentation.
  • Fine or penaltyAssistant Commissioner of Customs, Group-IV/IVA, NS-III, Jawaharlal Nehru Custom House, Nhava Sheva.Since 3 Sep 2026

    An order has been passed under the relevant provisions of the Customs Act, 1962, demanding additional duty of Rs. 13,597, imposing a redemption fine of Rs.12,000, a penalty of Rs. 13,597 and applicable interest

    The adjudicating authority has raised additional duty demand along with interest, imposing redemption fine and penalty on account of alleged misclassification of goods.
  • Fine or penaltyThe State Tax Officer, Songadh Mobile Squad, SuratSince 9 Sep 2026

    Penalty of Rs. 50,000 levied for violation of certain provisions of the Central Goods and Services Tax Act, 2017 and the corresponding provisions of the Gujarat Goods and Services Tax Act, 2017

    Penalty imposed towards a truck detention case due to a quantity mismatch between the invoice and the e-way bill.
  • Fine or penaltyBrihanmumbai Municipal Corporation – assessment and collection departmentSince 10 Sep 2026

    The Company has received a demand notice in respect of property tax, along with penalty of Rs. 3,84,891 for the period from 1st April 2010 to 31st March 2026, under the revised Capital Value Tax system.

    Not applicable. The penalty has been imposed consequent to the retrospective change in the methodology from Rateable Value based system to Capital Value based system for assessment of property tax under the Mumbai Municipal Corporation Act, 1888 and rules made thereunder. The Company is examining the demand and evaluating the legal remedies available to it, particularly with respect to the levy of penalty, and will take appropriate action based on such evaluation.MoreLess

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

At most 15 complaints open, quarter to Sep 2026.
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
Yes
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.