ASK Automotive MD, chairman, board of directors and AGM
NSE: ASKAUTOLTDBSE: 544022Auto ComponentsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹548.15.
- Next results date: the board meets on 3 Nov 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.
- ₹10,858 Cr596th 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 4 Aug 2026
- 34.3
- 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 19 May 2026
- 8.3
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.34%
- 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 4 Aug 2026
- 26.9%
- 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 4 Aug 2026
- 23.0%
- 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 19 May 2026
- 0.50
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 2,90,79730.1% delivered
ASK Automotive 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
- Chairperson and managing directorKuldip Singh RatheeRelated to the promoter
- Managing directorPrashant Rathee
- Managing directorAman Rathee
- Company Secretary and Compliance OfficerRajani Sharma
10 directors5 independent4 executive1 non-executive
- Kuldip Singh Rathee · Chairperson and managing directorExecutive · joined Jan 1988 · reappointed May 2023 · 1 listed board
- Vijay RatheeNon-executive · joined Oct 1995 · reappointed May 2023 · 1 listed board
- Prashant Rathee · Managing directorExecutive · joined Apr 2018 · reappointed May 2023 · 1 listed board · 1 committee seat
- Aman Rathee · Managing directorExecutive · joined Apr 2018 · reappointed May 2023 · 1 listed board · 2 committee seats
- Rajesh KatariaExecutive · joined Sep 2019 · reappointed May 2023 · 1 listed board
- Deepti SehgalIndependent · joined Apr 2023 · reappointed Apr 2026 · 42 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- Kumaresh Chandra MisraIndependent · joined Apr 2023 · reappointed Apr 2026 · 42 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- Yogesh KapurIndependent · joined May 2023 · reappointed May 2026 · 41 months as independent · 6 listed boards · 6 as independent · 10 committee seats, 5 as chair
- Vinay Kumar PiparsaniaIndependent · joined May 2023 · reappointed May 2026 · 41 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
- Rajan WadheraIndependent · joined Jun 2025 · 16 months as independent · 3 listed boards · 3 as independent · 4 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
- Arun Duggal, left 13 Aug 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 17 Sep 202610 of 10 present5 independent · 29 days in between
- 18 Aug 202610 of 10 present5 independent · 13 days in between
- 4 Aug 202610 of 10 present5 independent · 76 days in between
- 19 May 202610 of 10 present5 independent · 6 days in between
1 earlier meeting
- 12 May 202610 of 10 present5 independent
Audit Committee
Chair Deepti Sehgal
Yogesh Kapur, Vinay Kumar Piparsania, Aman Rathee
- 4 Aug 20264 of 4 present3 independent · 76 days in between
- 19 May 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Kumaresh Chandra Misra
Yogesh Kapur, Rajan Wadhera
- 17 Sep 20263 of 3 present3 independent · 43 days in between
- 4 Aug 20263 of 3 present3 independent · 76 days in between
- 19 May 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair Kumaresh Chandra Misra
Prashant Rathee, Aman Rathee, Rajan Wadhera
No meeting listed in the filing.
Risk Management Committee
Chair Yogesh Kapur
Vinay Kumar Piparsania, Kumaresh Chandra Misra, Prashant Rathee, Aman Rathee, Rajan Wadhera
- 4 Aug 20266 of 6 present4 independent
Corporate Social Responsibility Committee
Chair Deepti Sehgal
Kumaresh Chandra Misra, Vijay Rathee, Rajesh Kataria
- 19 May 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.
- M/s Walker Chandiok & Co. LLPPeer-review certificate valid to May 2028
1 earlier auditor
- Walker Chandiok & Co. LLPNamed in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
ASK Automotive 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.ASK Automotive dividend history
Annual general meeting, 7 Aug 2026
73,748 shareholders on the register on 31 Jul 2026; present: 7 promoters and 120 others; votes counted by Vinod Kumar Aneja / Vinod Kumar & Co..The company's voting result (opens in a new tab)
To consider and adopt: a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, and the reports of the Board of Directors and Auditors thereon and b) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 and the report of the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.36%
Turnout: all 92.61% · promoters 100.00% · institutions 84.60% · other public 0.99%
- To declare final dividend on equity shares for the financial year ended March 31, 2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.32%
Turnout: all 92.61% · promoters 100.00% · institutions 84.60% · other public 0.99%
- To re-appoint Mrs. Vijay Rathee (DIN: 00042731), as a Director of the Company, liable to retire by rotation.Ordinary99.76% for0.24% against
Against: promoters 0.00% · institutions 1.28% · other public 0.70%
Turnout: all 92.61% · promoters 100.00% · institutions 84.60% · other public 0.99%
- To re-appoint Mr. Rajesh Kataria (DIN: 08528643), as a Director of the Company, liable to retire by rotation.Ordinary99.96% for0.04% against
Against: promoters 0.00% · institutions 0.21% · other public 0.74%
Turnout: all 92.61% · promoters 100.00% · institutions 84.60% · other public 0.99%
- To ratify the remuneration of Cost Auditors for the financial year 2026-27.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.59%
Turnout: all 92.61% · promoters 100.00% · institutions 84.60% · other public 0.99%
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, 5 Mar 2026, 4 resolutions
84,242 shareholders on the register on 30 Jan 2026; votes counted by Vinod Kumar Aneja / M/s. Vinod Kumar & Co., Company Secretaries.The company's voting result (opens in a new tab)
- To consider and approve the re-appointment of Mrs. Deepti Sehgal (DIN: 09772630) as Non-Executive Independent Director of the Company for a second consecutive term of 3 (three) yearsSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.08% · other public 2.37%
Turnout: all 90.83% · promoters 100.00% · institutions 84.15% · other public 0.28%
- To consider and approve the re-appointment of Mr. Kumaresh Chandra Misra (DIN: 00388546) as Non-Executive Independent Director of the Company for a second consecutive term of 3 (three) yearsSpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.08% · other public 2.70%
Turnout: all 90.83% · promoters 100.00% · institutions 84.15% · other public 0.28%
- To consider and approve the re-appointment of Mr. Vinay Kumar Piparsania (DIN: 07721040) as Non-Executive Independent Director of the Company for a second consecutive term of 3 (three) yearsSpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.08% · other public 2.70%
Turnout: all 90.83% · promoters 100.00% · institutions 84.15% · other public 0.28%
- To consider and approve the re-appointment of Mr. Yogesh Kapur (DIN: 00070038) as Non-Executive Independent Director of the Company for a second consecutive term of 3 (three) yearsSpecialPromoters have an interest in it94.01% for5.99% against
Against: promoters 0.00% · institutions 34.28% · other public 2.43%
Turnout: all 90.83% · promoters 100.00% · institutions 84.15% · other public 0.28%
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, 1 Aug 2025, 11 resolutions
79,243 shareholders on the register on 25 Jul 2025; present: 4 promoters and 97 others; votes counted by VINOD KUMAR ANEJA / VINOD KUMAR & CO..The company's voting result (opens in a new tab)
To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors and Auditors thereon; and b) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 and the report of the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 4.60%
Turnout: all 90.87% · promoters 100.00% · institutions 77.89% · other public 0.20%
- To declare the Final Dividend of Rs. 1.50 per equity share on the face value of Rs. 2/- each for the financial year ended March 31, 2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 4.60%
Turnout: all 90.90% · promoters 100.00% · institutions 78.09% · other public 0.20%
- To appoint a Director in place of Mr. Prashant Rathee (DIN 00041081), who retires by rotation and being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it93.86% for6.14% against
Against: promoters 0.00% · institutions 46.71% · other public 4.83%
Turnout: all 90.90% · promoters 100.00% · institutions 78.09% · other public 0.20%
- To appoint a Director in place of Mr. Aman Rathee (DIN 00041130), who retires by rotation and being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it93.70% for6.30% against
Against: promoters 0.00% · institutions 47.93% · other public 5.11%
Turnout: all 90.90% · promoters 100.00% · institutions 78.09% · other public 0.20%
- To ratify the remuneration of Cost Auditors for the financial year 2025-26Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 4.60%
Turnout: all 90.90% · promoters 100.00% · institutions 78.09% · other public 0.20%
- To approve the appointment of Secretarial Auditors from the financial year 2025-26 till financial year 2029-30Ordinary99.75% for0.25% against
Against: promoters 0.00% · institutions 1.87% · other public 4.60%
Turnout: all 90.90% · promoters 100.00% · institutions 78.09% · other public 0.20%
- To approve the payment of Commission to Mrs. Vijay Rathee, Non-Executive Non Independent Director of the CompanyOrdinaryPromoters have an interest in it97.17% for2.83% against
Against: promoters 0.00% · institutions 21.57% · other public 7.28%
Turnout: all 90.90% · promoters 100.00% · institutions 78.09% · other public 0.20%
- To approve the payment of Commission to Non-Executive Independent Directors of the CompanyOrdinary97.17% for2.83% against
Against: promoters 0.00% · institutions 21.57% · other public 7.28%
Turnout: all 90.90% · promoters 100.00% · institutions 78.09% · other public 0.20%
- To approve the re-designation of Mr. Prashant Rathee (DIN: 00041081) as Joint Managing Director of the Company in the category of Whole-time DirectorOrdinaryPromoters have an interest in it99.75% for0.25% against
Against: promoters 0.00% · institutions 1.87% · other public 6.80%
Turnout: all 90.90% · promoters 100.00% · institutions 78.09% · other public 0.20%
- To approve the re-designation of Mr. Aman Rathee (DIN: 00041130) as Joint Managing Director of the Company in the category of Whole-time DirectorOrdinaryPromoters have an interest in it99.75% for0.25% against
Against: promoters 0.00% · institutions 1.87% · other public 5.11%
Turnout: all 90.90% · promoters 100.00% · institutions 78.09% · other public 0.20%
- To approve the appointment of Mr. Rajan Wadhera (DIN: 00416429) as Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 6.52%
Turnout: all 90.90% · promoters 100.00% · institutions 78.09% · other public 0.20%
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, 21 Aug 2024, 5 resolutions
Present: 3 promoters and 77 others.The company's voting result (opens in a new tab)
To receive, consider and adopt:na) the audited standalone financial statements of the Company for the financial year ended March 31, 2024 and the reports of the Board of Directors and Auditors thereon; andnb) the audited consolidated financial statements of the Company for the financial year ended March 31, 2024 and the report of the Auditors thereon.nMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 1.22%
Turnout: all 92.28% · promoters 100.00% · institutions 78.09% · other public 0.13%
- To declare final dividend on Equity Shares of the Company for the financial year ended March 31, 2024Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.87%
Turnout: all 92.28% · promoters 100.00% · institutions 78.09% · other public 0.13%
- To appoint Mr. Rajesh Kataria (DIN: 08528643) as a director, who retires by rotation and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 2.70%
Turnout: all 92.28% · promoters 100.00% · institutions 78.09% · other public 0.12%
- To appoint Mrs. Vijay Rathee (DIN: 00042731) as a director, who retires by rotation and being eligible, offers herself for re-appointment.OrdinaryPromoters have an interest in it99.87% for0.13% against
Against: promoters 0.00% · institutions 1.62% · other public 2.81%
Turnout: all 92.28% · promoters 100.00% · institutions 78.09% · other public 0.12%
- To ratify the remuneration of Cost Auditor for the financial year 2024-25Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 2.54%
Turnout: all 92.28% · promoters 100.00% · institutions 78.09% · other public 0.12%
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 7 Aug 2026, 5 fund houses so far (houses' deadline to file 15 Oct 2026)
To consider and adopt: a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, and the reports of the Board of Directors and Auditors thereon and b) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 and the report of the Auditors thereon.MoreLess
5 for0 against- To declare final dividend on equity shares for the financial year ended March 31, 2026.5 for0 against
- To re-appoint Mrs. Vijay Rathee (DIN: 00042731), as a Director of the Company, liable to retire by rotation.5 for0 against
- To re-appoint Mr. Rajesh Kataria (DIN: 08528643), as a Director of the Company, liable to retire by rotation.5 for0 against
- To ratify the remuneration of Cost Auditors for the financial year 2026-27.5 for0 against
Mutual fund votes, meeting of 5 Mar 2026, 10 fund houses
- To consider and approve the re-appointment of Mrs. Deepti Sehgal (DIN: 09772630) as Non-Executive Independent Director of the Company for a second consecutive term of 3 (three) years10 for0 against
- To consider and approve the re-appointment of Mr. Kumaresh Chandra Misra (DIN: 00388546) as Non-Executive Independent Director of the Company for a second consecutive term of 3 (three) years10 for0 against
- To consider and approve the re-appointment of Mr. Vinay Kumar Piparsania (DIN: 07721040) as Non-Executive Independent Director of the Company for a second consecutive term of 3 (three) years10 for0 against
- To consider and approve the re-appointment of Mr. Yogesh Kapur (DIN: 00070038) as Non-Executive Independent Director of the Company for a second consecutive term of 3 (three) years
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundGovernance Concern: Appointee holds a directorship position in an entity that is engaged into the same line of business.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance Concern: Appointee holds a directorship position in an entity that is engaged into the same line of business.
5 for5 against
2 earlier meetings
Mutual fund votes, meeting of 1 Aug 2025, 11 fund houses
To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors and Auditors thereon; and b) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 and the report of the Auditors thereon.MoreLess
11 for0 against- To declare the Final Dividend of Rs. 1.50 per equity share on the face value of Rs. 2/- each for the financial year ended March 31, 202511 for0 against
- To appoint a Director in place of Mr. Prashant Rathee (DIN 00041081), who retires by rotation and being eligible, offers himself for re-appointment
Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance Concern: Disparity in remuneration practice among Executive Directors. Remuneration paid to promoter Executive Directors is on the higher side as compared to non-promoter Executive Director.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundRe-appointment compliant with law. No concern on the merits of proposed directors. Governance Concern: Disparity in remuneration practice among EDs. Remuneration paid to promoter EDs is on the higher side as compared to non-promoter ED.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
5 for6 against - To appoint a Director in place of Mr. Aman Rathee (DIN 00041130), who retires by rotation and being eligible, offers himself for re-appointment
Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance Concern: Disparity in remuneration practice among Executive Directors. Remuneration paid to promoter Executive Directors is on the higher side as compared to non-promoter Executive Director.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundRe-appointment compliant with law. No concern on the merits of proposed directors. Governance Concern: Disparity in remuneration practice among EDs. Remuneration paid to promoter EDs is on the higher side as compared to non-promoter ED.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
5 for6 against - To ratify the remuneration of Cost Auditors for the financial year 2025-2611 for0 against
- To approve the appointment of Secretarial Auditors from the financial year 2025-26 till financial year 2029-30
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundTransparency Concern: Previous Auditor’s remuneration has not been disclosed,thus, material change in Auditor’s Fee cannot be determined.
- Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Transparency Concern: Previous Auditor’s remuneration has not been disclosed, and the Company has not addressed if there is any Material Change in the Audit Fee.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
6 for5 against - To approve the payment of Commission to Mrs. Vijay Rathee, Non-Executive Non Independent Director of the Company11 for0 against
- To approve the payment of Commission to Non-Executive Independent Directors of the Company11 for0 against
- To approve the re-designation of Mr. Prashant Rathee (DIN: 00041081) as Joint Managing Director of the Company in the category of Whole-time Director
Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance Concern: Disparity in remuneration practice among Executive Directors. Remuneration paid to promoter Executive Directors is on the higher side as compared to non-promoter Executive Director.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundRe-designation compliant with law. No concern on the merits of proposed directors. Governance Concern: Disparity in remuneration practice among EDs. Remuneration paid to promoter EDs is on the higher side as compared to non-promoter ED.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
5 for6 against - To approve the re-designation of Mr. Aman Rathee (DIN: 00041130) as Joint Managing Director of the Company in the category of Whole-time Director
Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance Concern: Disparity in remuneration practice among Executive Directors. Remuneration paid to promoter Executive Directors is on the higher side as compared to non-promoter Executive Director.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundRe-designation compliant with law. No concern on the merits of proposed directors. Governance Concern: Disparity in remuneration practice among EDs. Remuneration paid to promoter EDs is on the higher side as compared to non-promoter ED.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
5 for6 against - To approve the appointment of Mr. Rajan Wadhera (DIN: 00416429) as Independent Director of the Company11 for0 against
Mutual fund votes, meeting of 21 Aug 2024, 5 fund houses
To receive, consider and adopt:na) the audited standalone financial statements of the Company for the financial year ended March 31, 2024 and the reports of the Board of Directors and Auditors thereon; andnb) the audited consolidated financial statements of the Company for the financial year ended March 31, 2024 and the report of the Auditors thereon.nMoreLess
5 for0 against- To declare final dividend on Equity Shares of the Company for the financial year ended March 31, 20245 for0 against
- To appoint Mr. Rajesh Kataria (DIN: 08528643) as a director, who retires by rotation and being eligible, offers himself for re-appointment.5 for0 against
- To appoint Mrs. Vijay Rathee (DIN: 00042731) as a director, who retires by rotation and being eligible, offers herself for re-appointment.5 for0 against
- To ratify the remuneration of Cost Auditor for the financial year 2024-255 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 Sep 2026.
- Tax disputeIncome Tax Department (Ministry of Finance)Since 16 Jan 2023Waiting for next hearing
At the filing before: Appeal pending before CIT (A) for AY 2021-22 against the orders of AO passed u/s 143(3). Two additions were made by AO:- a) profit on sale of immovable property Rs 2,00,000/- and b) CSR expenses Rs 3,02,41,227/- debited in statement of profit and loss . AO ignored the fact that both the additions were already made by the company while calculating the taxable income. Total demand created Rs 81,91,670/-.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
- 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
- Yes
- 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.
How money raised was used
The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.