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Aurionpro Solutions MD, chairman, board of directors and AGM

NSE: AURIONPROBSE: 532668IT - SoftwareSmall Cap

Last close ₹549.50down ₹20.10 (3.53%)BSE ₹548.70

Share price at the NSE close on 23 Oct 2026. Previous close ₹569.60.

52-week range of traded prices to 23 Oct 2026
₹540.80Low, 23 Oct 2026₹1,240.00High, 4 Nov 2025
Market cap
₹3,037 Cr793rd largest listed
P/E
14.9
P/B
1.7
Dividend yield
0.55%
ROE
12.6%
ROCE
12.9%
Debt to equity
0.03
Volume, NSE
1,95,61546.1% delivered

Aurionpro Solutions board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorParesh Zaveri
  • Company Secretary and Compliance OfficerNinad Kelkar

8 directors4 independent2 executive2 non-executive

  • Paresh Zaveri · Chairperson and managing directorExecutive · joined Sep 2000 · reappointed Sep 2023 · 60 months as independent · 2 listed boards · 1 committee seat
  • Amit ShethNon-executive · joined Oct 1997 · reappointed Sep 2023 · 2 listed boards · 4 committee seats
  • Ashish RaiExecutive · joined Aug 2022 · reappointed Sep 2022 · 1 listed board
  • Ajay Kumar ChoudharyIndependent · joined Nov 2024 · 60 months as independent · 3 listed boards · 3 as independent
  • Rajeev UberoiIndependent · joined Dec 2022 · 60 months as independent · 6 listed boards · 6 as independent · 6 committee seats, 3 as chair
  • Ajay SarupriaNon-executive · joined Oct 2018 · reappointed Sep 2024 · 1 listed board · 1 as independent · 1 committee seat
  • Hong Guan Bernard ChewIndependent · joined Sep 2025 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Sudha BhushanIndependent · joined Mar 2019 · reappointed Sep 2024 · 60 months as independent · 4 listed boards · 4 as independent · 3 committee seats, 3 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
  • Frank Osusky, left 17 Sep 2025: Tenure Completion

Committees and meetings

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

  • Board

    • 11 May 20268 of 8 present4 independent · 95 days in between
    • 4 Feb 20268 of 8 present4 independent

  • Audit Committee

    Chair Rajeev Uberoi

    Hong Guan Bernard Chew, Amit Sheth

    • 11 May 20263 of 3 present2 independent · 95 days in between
    • 4 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Rajeev Uberoi

    Hong Guan Bernard Chew, Sudha Bhushan

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Hong Guan Bernard Chew

    Ajay Sarupria, Amit Sheth

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Paresh Zaveri

    Ashish Rai, Rajeev Uberoi

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Amit Sheth

    Paresh Zaveri, Rajeev Uberoi

    • 4 Feb 20263 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • CKSP & CO LLPPeer-review certificate valid to Jan 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.

Aurionpro Solutions 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.Aurionpro Solutions dividend history

Annual general meeting, 29 Sep 2026

58,828 shareholders on the register on 22 Sep 2026; present: 3 promoters and 45 others; votes counted by Harshvardhan Tarkas / Harshvardhan Tarkas.The company's voting result (opens in a new tab)

  1. Approval and adoption of the Audited Standalone Financial Statements and Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, along with the respective Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.02% · other public 0.00%

    Turnout: all 56.54% · promoters 98.79% · institutions 50.82% · other public 38.12%

  2. Confirmation of the Interim Dividend declared by the Board of Directors of the Company for the financial year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 56.54% · promoters 98.79% · institutions 50.82% · other public 38.12%

  3. To declare Final Dividend of Rs.2 per equity share for the financial year ended March 31, 2026
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 56.54% · promoters 98.79% · institutions 50.82% · other public 38.12%

  4. To re-appoint Mr. Ajay Dilkush Sarupria (DIN: 00233245), who retires by rotation and being eligible, offers himself for re-appointment, as a Director.
    Ordinary
    99.60% for0.40% against

    Against: promoters 0.00% · institutions 2.68% · other public 0.00%

    Turnout: all 56.54% · promoters 98.79% · institutions 50.82% · other public 38.12%

  5. To approve creation of mortgage or charge on the assets, properties and undertaking(s) of the Company under Section 180(1)(a) of the Companies Act, 2013
    Special
    100.00% for0.00% against

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

    Turnout: all 56.54% · promoters 98.79% · institutions 50.82% · other public 38.12%

  6. To enhance the overall borrowing limits of the Company under Section 180(1)(c) of the Companies Act, 2013.
    Special
    100.00% for0.00% against

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

    Turnout: all 56.54% · promoters 98.79% · institutions 50.82% · other public 38.12%

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.

Postal ballot, 29 Jan 2026, 1 resolution

49,876 shareholders on the register on 26 Dec 2025; votes counted by Harshvardhan Tarkas / Harshvardhan Tarkas.The company's voting result (opens in a new tab)

  1. To approve the appointment of Mr. Hong Guan Bernard Chew (DIN: 11238951) as a Non-Executive Independent Director for term of five years.
    Special
    99.62% for0.38% against

    Against: promoters 0.00% · institutions 1.46% · other public 0.01%

    Turnout: all 58.78% · promoters 100.00% · institutions 86.74% · other public 29.95%

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, 6 resolutions

45,111 shareholders on the register on 22 Sep 2025; present: 4 promoters and 44 others; votes counted by Harshvardhan Tarkas / Harshvardhan Tarkas.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited standalone and consolidated financial statements of the company for the financial year ended March 31, 2025.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 58.83% · promoters 100.00% · institutions 56.38% · other public 39.89%

  2. To confirm the Interim Dividend for the financial year ended 31 March 2025.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 58.83% · promoters 100.00% · institutions 56.38% · other public 39.89%

  3. To declare final dividend of Rs.3 per equity share, of the face value of Rs.10 each recommended for the financial year ended March 31, 2025.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 58.83% · promoters 100.00% · institutions 56.38% · other public 39.89%

  4. To appoint a Director in place of Mr. Amit Sheth (DIN: 00122623), who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    93.69% for6.31% against

    Against: promoters 0.00% · institutions 38.95% · other public 0.00%

    Turnout: all 58.83% · promoters 100.00% · institutions 56.38% · other public 39.89%

  5. To appoint Milind Nirkhe And Associates, Company Secretary (FRN: S1992MH009900) as the Secretarial Auditor of the company, for a term of five consecutive years i.e.from FY 2025-26 to FY 2029-30.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 58.83% · promoters 100.00% · institutions 56.38% · other public 39.89%

  6. To offer, issue and allot equity shares on Preferential Basis for consideration other than cash.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.02% · other public 0.00%

    Turnout: all 58.83% · promoters 100.00% · institutions 56.38% · other public 39.89%

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.

Extraordinary general meeting, 22 Jan 2025, 5 resolutions

28,298 shareholders on the register on 15 Jan 2025; present: 3 promoters and 32 others; votes counted by HARSHVARDHAN TARKAS / HARSHVARDHAN TARKAS.The company's voting result (opens in a new tab)

  1. TO APPROVE AURIONPRO SOLUTIONS LIMITED - EMPLOYEE STOCK OPTION SCHEME 2024 (“ASL ESOP 2024”)
    Special
    87.72% for12.28% against

    Against: promoters 0.00% · institutions 92.09% · other public 0.00%

    Turnout: all 55.10% · promoters 98.79% · institutions 38.47% · other public 39.23%

  2. TO GRANT THE STOCK OPTIONS TO THE EMPLOYEES OF SUBSIDIARY COMPANY(IES) OF THE COMPANY UNDER ‘AURIONPRO SOLUTIONS LIMITED.
    Special
    87.72% for12.28% against

    Against: promoters 0.00% · institutions 92.09% · other public 0.00%

    Turnout: all 55.10% · promoters 98.79% · institutions 38.47% · other public 39.23%

  3. TO APPROVE ENHANCEMENT OF AURIONPRO SOLUTIONS LIMITED - EMPLOYEE STOCK PURCHASE SCHEME (ESPS) POOL AND MODIFICATION OF DEFINITION OF “ELIGIBLE EMPLOYEES” UNDER THE AURIONPRO SOLUTIONS LIMITED
    Special
    88.20% for11.80% against

    Against: promoters 0.00% · institutions 88.51% · other public 0.00%

    Turnout: all 55.10% · promoters 98.79% · institutions 38.47% · other public 39.23%

  4. TO OFFER, ISSUE AND ALLOT EQUITY SHARES ON PREFERENTIAL BASIS FOR CONSIDERATION OTHER THAN CASH.
    Special
    100.00% for0.00% against

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

    Turnout: all 55.10% · promoters 98.79% · institutions 38.47% · other public 39.23%

  5. TO APPROVE APPOINTMENT OF MR. AJAY KUMAR CHOUDHARY AS NON-EXECUTIVE INDEPENDENT DIRECTOR.
    Special
    99.99% for0.01% against

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

    Turnout: all 55.10% · promoters 98.79% · institutions 38.47% · other public 39.23%

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, 4 resolutions

Present: 3 promoters and 40 others.The company's voting result (opens in a new tab)

  1. ADOPTION OF THE AUDITED ACCOUNTS(STANDALONE AND CONSOLIDATED)FOR THE YEAR ENDED 31ST MARCH, 2024 AND REPORTS OF DIRECTORS AND AUDITORS THEREON.n
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 53.32% · promoters 98.79% · institutions 60.09% · other public 29.66%

  2. TO DECLARE A FINAL DIVIDEND OF ¿ 2.50/- PER EQUITY SHARE OF ¿ 10 EACH RECOMMENDED FOR THE FINANCIAL YEAR ENDED MARCH 31, 2024.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 53.35% · promoters 98.79% · institutions 33.53% · other public 37.56%

  3. RE-APPOINTMENT OF MR. AJAY DILKUSH SARUPRIA (DIN: 00233245), WHO RETIRES BY ROTATION AND BEING ELIGIBLE OFFERS HIMSELF FOR RE-APPOINTMENT.
    Ordinary
    96.12% for3.88% against

    Against: promoters 0.00% · institutions 37.02% · other public 0.00%

    Turnout: all 53.35% · promoters 98.79% · institutions 33.53% · other public 37.56%

  4. RE-APPOINTMENT OF MS. SUDHA BHUSHAN AS AN INDEPENDENT DIRECTOR OF THE COMPANY, NOT LIABLE TO RETIRE BY ROTATION, TO HOLD OFFICE FOR THE SECOND TERM OF 5 (FIVE) CONSECUTIVE YEARS I.E., FROM SEPTEMBER 20, 2024, TO SEPTEMBER 19, 2029.MoreLess
    Special
    99.16% for0.84% against

    Against: promoters 0.00% · institutions 7.99% · other public 0.00%

    Turnout: all 53.35% · promoters 98.79% · institutions 33.53% · other public 37.56%

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.

Extraordinary general meeting, 14 Jun 2024, 1 resolution

Present: 3 promoters and 32 others.The company's voting result (opens in a new tab)

  1. To Capitalise the Reserve and Issue Bonus Shares to the members of the Company.
    Special
    100.00% for0.00% against

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

    Turnout: all 53.40% · promoters 98.77% · institutions 31.16% · other public 38.04%

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, 12 May 2024, 1 resolution

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

  1. To approve continuation of Directorship of Dr. Mahendra Mehta (DIN: 00376396) as a Non-Executive Independent Director beyond the age of 75 years in his
    Special
    97.38% for2.62% against

    Against: promoters 0.00% · institutions 95.14% · other public 0.00%

    Turnout: all 47.20% · promoters 98.77% · institutions 18.53% · other public 25.93%

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.

Extraordinary general meeting, 7 Mar 2024, 1 resolution

Present: 3 promoters and 35 others.The company's voting result (opens in a new tab)

  1. To appove the issuance of equity shares to the proposed allottees on Preferential basis.
    Special
    100.00% for0.00% against

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

    Turnout: all 44.14% · promoters 98.77% · institutions 19.49% · other public 20.97%

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 29 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)

  • Approval and adoption of the Audited Standalone Financial Statements and Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, along with the respective Reports of the Board of Directors and Auditors thereon.MoreLess
    Against Angel One Mutual Fund
    • Angel One Mutual FundNon-disclosure of the audited financial statements of few Subsidiaries on the website of the Company.
    0 for1 against
  • Confirmation of the Interim Dividend declared by the Board of Directors of the Company for the financial year ended March 31, 2026.
    1 for0 against
  • To declare Final Dividend of Rs.2 per equity share for the financial year ended March 31, 2026
    1 for0 against
  • To re-appoint Mr. Ajay Dilkush Sarupria (DIN: 00233245), who retires by rotation and being eligible, offers himself for re-appointment, as a Director.
    1 for0 against
  • To approve creation of mortgage or charge on the assets, properties and undertaking(s) of the Company under Section 180(1)(a) of the Companies Act, 2013
    1 for0 against
  • To enhance the overall borrowing limits of the Company under Section 180(1)(c) of the Companies Act, 2013.
    1 for0 against

Mutual fund votes, meeting of 29 Jan 2026, 5 fund houses

  • To approve the appointment of Mr. Hong Guan Bernard Chew (DIN: 11238951) as a Non-Executive Independent Director for term of five years.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance & Transparency Concern: The Director holds a Full-Time Position at NETS Group, which is indirectly having business relations / operations with Aurionpro Payment Solutions (100% Subsidiary of the Company) – Such relationships / positions may raise question on the independence of the Director & the proposed appointment is a delayed proposal – the period between the date of appointment v/s the date of obtaining shareholders’ approval is exceeding 3 months.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliant with Companies Act & SEBI (LODR) Regulations: Director was appointed on 17th September, 2025, while the AGM was held on 29th September, 2025 – As per Section 161, the Director cannot sit on the Board post the AGM, unless his appointment was ratified by shareholders in the said AGM. In addition to that, the proposed appointment is a delayed proposal under SEBI (LODR) Regulations – the period between the date of appointment vs. the date of obtaining shareholders’ approval is exceeding 3-Months. Governance & Transparency Concern: The Director holds a Full-Time Position at NETS Group, which is indirectly having business relations / operations with Aurionpro Payment Solutions (100% Subsidiary of the Company) – Such relationships / positions may raise question on the independence of the Director.
    1 for4 against
1 earlier meeting

Mutual fund votes, meeting of 29 Sep 2025, 5 fund houses

  • To receive, consider and adopt the Audited standalone and consolidated financial statements of the company for the financial year ended March 31, 2025.
    5 for0 against
  • To confirm the Interim Dividend for the financial year ended 31 March 2025.
    5 for0 against
  • To declare final dividend of Rs.3 per equity share, of the face value of Rs.10 each recommended for the financial year ended March 31, 2025.
    5 for0 against
  • To appoint a Director in place of Mr. Amit Sheth (DIN: 00122623), who retires by rotation and being eligible offers himself for re-appointment.
    Against Angel One Mutual Fund, Groww Mutual Fund
    • Angel One Mutual FundGovernance Concern: While there are no concerns regarding the director’s merit, profile, or performance, the presence of dual leadership on the Board is not considered a sound governance practice.
    • Groww Mutual FundCompliant with Law. Governance Concern: While there are no concerns regarding the director’s merit, profile, or performance, the presence of dual leadership on the Board is not considered a sound governance practice.
    3 for2 against
  • To appoint Milind Nirkhe And Associates, Company Secretary (FRN: S1992MH009900) as the Secretarial Auditor of the company, for a term of five consecutive years i.e.from FY 2025-26 to FY 2029-30.
    5 for0 against
  • To offer, issue and allot equity shares on Preferential Basis for consideration other than cash.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund
    • Angel One Mutual FundGovernance Concern: Although dilution is nominal, however, governance and transparency concern is identified on account of inadequate justification on the proposed high valuation for a newly incorporated company and lack of clarity over the difference in valuation proposed for cash and share component of the valuation.
    • Bandhan Mutual FundCompliant with law. No major governance concern has been identified in the proposed issue of securities.Governance Concern: Inadequate justification and disclosures over cash versus non-cash transaction structure .
    • Groww Mutual FundCompliant with law. Governance Concern: Although dilution is nominal, however, governance and transparency concern is identified on account of inadequate justification on the proposed high valuation for a newly incorporated company and lack of clarity over the difference in valuation proposed for cash and share component of the valuation.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    1 for4 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

None open at any 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. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesMar 2024, checked by CRISIL RATINGS LIMITED200.00––No
QIPApr 2024, checked by CRISIL RATINGS LIMITED377.73––No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.