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Automotive Axles MD, chairman, board of directors and AGM

NSE: AUTOAXLESBSE: 505010Auto ComponentsSmall Cap

Formerly Automative Axles
Last close ₹1,575.80up ₹3.30 (0.21%)BSE ₹1,588.85

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,572.50.

52-week range of traded prices to 23 Oct 2026
₹1,529.00Low, 23 Oct 2026₹2,115.00High, 4 Feb 2026
Market cap
₹2,381 Cr1,012th largest listed
P/E
13.7
P/B
2.2
Dividend yield
2.03%
ROE
16.7%
ROCE
19.4%
Debt to equity
0.00
Volume, NSE
5,62263.1% delivered

Automotive Axles 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

  • ChairpersonBabasaheb Neelkanth KalyaniRelated to the promoter
  • Company Secretary and Compliance OfficerMr. Debadas Panda

6 directors3 independent1 executive2 non-executive

  • Babasaheb Neelkanth Kalyani · ChairpersonNon-executive · joined Mar 1998 · reappointed Aug 2023 · 3 listed boards · 3 committee seats, 1 as chair
  • Kenneth James HoganNon-executive · joined May 2021 · reappointed May 2021 · 1 listed board
  • Nagaraja GargeshwariExecutive · joined Apr 2022 · reappointed Apr 2022 · 1 listed board
  • Bijal Tushar AjinkyaIndependent · joined Feb 2024 · reappointed Feb 2024 · 28 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 1 as chair
  • Girish Dinanath NadkarniIndependent · joined Aug 2024 · reappointed Aug 2024 · 23 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Venkata Ramana Murthy PinisettiIndependent · joined Feb 2025 · reappointed Feb 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.

2 directors who left
  • Prabhakar Chandrashekaraiah Bhoopalam, left 5 Feb 2025: Tenure Completion
  • Bhalachandra Basappa Hattarki, left 5 Feb 2025: Tenure Completion

Committees and meetings

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

  • Board

    • 19 May 20266 of 6 present3 independent · 103 days in between
    • 4 Feb 20265 of 6 present2 independent

  • Audit Committee

    Chair Girish Dinanath Nadkarni

    Venkata Ramana Murthy Pinisetti, Bijal Tushar Ajinkya

    • 18 May 20263 of 3 present3 independent · 103 days in between
    • 3 Feb 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair Venkata Ramana Murthy Pinisetti

    Girish Dinanath Nadkarni, Bijal Tushar Ajinkya

    • 18 May 20263 of 3 present3 independent · 103 days in between
    • 3 Feb 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Babasaheb Neelkanth Kalyani

    Venkata Ramana Murthy Pinisetti, Girish Dinanath Nadkarni

    • 19 May 20262 of 3 present1 independent · no day in between

  • Risk Management Committee

    Chair Girish Dinanath Nadkarni

    Venkata Ramana Murthy Pinisetti, Nagaraja Gargeshwari

    • 18 May 20263 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair Venkata Ramana Murthy Pinisetti

    Bijal Tushar Ajinkya, Nagaraja Gargeshwari

    • 18 May 20263 of 3 present2 independent · 103 days in between
    • 3 Feb 20263 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.

  • S R Batliboi & Associates 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.

Automotive Axles 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.Automotive Axles dividend history

Annual general meeting, 12 Aug 2026

23,964 shareholders on the register on 5 Aug 2026; present: 3 promoters and 111 others; votes counted by PRACHETA M / PRACHETA AND ASSOCIATES.The company's voting result (opens in a new tab)

  1. To consider and adopt the Financial Statements of the Company for the year ended March 31, 2026 and the Reports of Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 86.18% · promoters 100.00% · institutions 93.08% · other public 0.34%

  2. To declare final dividend on equity shares at Rs. 32/- per equity share of Rs. 10/- each (320%) for the financial year 2025-26.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 86.18% · promoters 100.00% · institutions 93.08% · other public 0.34%

  3. To appoint a Director in place of Mr. Kenneth James Hogan, (DIN:09161738) who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible offers himself for re-appointment.MoreLess
    Ordinary
    99.62% for0.38% against

    Against: promoters 0.00% · institutions 2.16% · other public 0.20%

    Turnout: all 86.18% · promoters 100.00% · institutions 93.08% · other public 0.34%

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, 12 Aug 2025, 4 resolutions

27,933 shareholders on the register on 5 Aug 2025; present: 3 promoters and 49 others; votes counted by PRACHETA M / PRACHETA AND ASSOCIATES.The company's voting result (opens in a new tab)

  1. To consider and adopt the Financial Statements of the Company for the year ended 31st March, 2025 and the Reports of Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 84.98% · promoters 100.00% · institutions 94.79% · other public 0.39%

  2. To declare final dividend on equity shares at Rs. 30.50/- per equity share of Rs. 10/- each for the financial year 2024-25.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 84.98% · promoters 100.00% · institutions 94.79% · other public 0.39%

  3. To appoint a Director in place of Dr. B. N. Kalyani, (DIN: 00089380) who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.35%

    Turnout: all 84.98% · promoters 100.00% · institutions 94.79% · other public 0.38%

  4. Appointment of Secretarial Auditors of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.34%

    Turnout: all 84.98% · promoters 100.00% · institutions 94.79% · other public 0.39%

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, 9 Apr 2025, 1 resolution

30,871 shareholders on the register on 28 Feb 2025; votes counted by PRACHETA M / PRACHETA AND ASSOCIATES.The company's voting result (opens in a new tab)

  1. Appointment of Dr. Venkata Ramana Murthy Pinisetti (DIN: 03483544) as an Independent Director.
    Special
    99.68% for0.32% against

    Against: promoters 0.00% · institutions 1.97% · other public 8.13%

    Turnout: all 84.56% · promoters 100.00% · institutions 95.51% · other public 0.53%

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, 14 Dec 2024, 1 resolution

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

  1. To Approve Material Related Party Transactions of the Company with Meritor HVS (India) Limited.
    OrdinaryPromoters have an interest in it
    20.53% for79.47% against

    Against: promoters 0.00% · institutions 78.88% · other public 88.40%

    Turnout: all 13.58% · promoters 0.00% · institutions 95.45% · other public 5.39%

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 Oct 2024, 1 resolution

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

  1. Appointment of Mr. Girish Dinanath Nadkarni (DIN: 00112657) as an Independent Director.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.97%

    Turnout: all 83.86% · promoters 100.00% · institutions 94.83% · 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, 5 Aug 2024, 3 resolutions

Present: 2 promoters and 44 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Financial Statements of the Company for the year ended March 31, 2024 and the Reports of Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 83.82% · promoters 100.00% · institutions 95.36% · other public 0.36%

  2. To declare final dividend on equity shares at Rs. 32/- per equity share of Rs. 10/- each for the financial year 2023-24.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 83.82% · promoters 100.00% · institutions 95.36% · other public 0.36%

  3. To appoint a director in place of Mr. Nagaraja Gargeshwari (DIN: 00839616), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible offers himself for re-appointment.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 83.82% · promoters 100.00% · institutions 95.36% · other public 0.36%

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, 30 Mar 2024, 1 resolution

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

  1. Appointment of Ms. Bijal Tushar Ajinkya (DIN: 01976832) as an Independent Director.
    Special
    89.32% for10.68% against

    Against: promoters 0.00% · institutions 74.32% · other public 0.83%

    Turnout: all 83.16% · promoters 100.00% · institutions 93.42% · 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.

Postal ballot, 25 Dec 2023, 1 resolution

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

  1. To Approve Material Related Party Transactions of the Company with Meritor HVS (India) Limited.
    OrdinaryPromoters have an interest in it
    89.02% for10.98% against

    Against: promoters 0.00% · institutions 8.12% · other public 58.83%

    Turnout: all 12.46% · promoters 0.00% · institutions 93.02% · other public 4.30%

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 12 Aug 2026, 3 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To consider and adopt the Financial Statements of the Company for the year ended March 31, 2026 and the Reports of Board of Directors and Auditors thereon.
    3 for0 against
  • To declare final dividend on equity shares at Rs. 32/- per equity share of Rs. 10/- each (320%) for the financial year 2025-26.
    3 for0 against
  • To appoint a Director in place of Mr. Kenneth James Hogan, (DIN:09161738) who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible offers himself for re-appointment.MoreLess
    3 for0 against

Mutual fund votes, meeting of 12 Aug 2025, 6 fund houses

  • To consider and adopt the Financial Statements of the Company for the year ended 31st March, 2025 and the Reports of Board of Directors and Auditors thereon.
    6 for0 against
  • To declare final dividend on equity shares at Rs. 30.50/- per equity share of Rs. 10/- each for the financial year 2024-25.
    6 for0 against
  • To appoint a Director in place of Dr. B. N. Kalyani, (DIN: 00089380) who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible offers himself for re-appointment.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern identified on merits of proposed appointee. Non- Compliant with Regulation 17(1A) of SEBI LODR 2015: Re-appointment sought through ordinary resolution for Director who has already attained 75 years of age.
    5 for1 against
  • Appointment of Secretarial Auditors of the Company.
    6 for0 against
6 earlier meetings

Mutual fund votes, meeting of 9 Apr 2025, 5 fund houses

  • Appointment of Dr. Venkata Ramana Murthy Pinisetti (DIN: 03483544) as an Independent Director.
    Against Bandhan Mutual Fund
    • Bandhan Mutual FundNo concern on the merits of proposed appointee. Non-Compliant with SEBI (LODR) & Companies Act, 2013: Terms and Conditions of the Independent Director not disclosed on the website.
    4 for1 against

Mutual fund votes, meeting of 14 Dec 2024, 4 fund houses

  • To Approve Material Related Party Transactions of the Company with Meritor HVS (India) Limited.
    Against Bandhan Mutual Fund, Nippon India Mutual Fund, Tata Mutual Fund
    • Bandhan Mutual Fund, Tata Mutual FundCompliant with Law. Governance Concern: Lack of quantifiable data to ascertain what benefit the Company and MHVSIL are receiving through this collaboration and how it is in the best interest of the Company. No adequate data to make a comparison and conclude that no party is benefitting at the cost of other party. Transparency Concern: Basis for Arm’s Length pricing: the Company has not provided any context as to what are the methodologies and basis relying upon which the Company has arrived at the proposed pricing, No clarity on the type of asset included in RPT proposal and how Sale/Purchase of assets are in the Ordinary Course of Business.
    • Nippon India Mutual FundInadequate Disclosure
    1 for3 against

Mutual fund votes, meeting of 8 Oct 2024, 4 fund houses

  • Appointment of Mr. Girish Dinanath Nadkarni (DIN: 00112657) as an Independent Director.
    4 for0 against

Mutual fund votes, meeting of 5 Aug 2024, 4 fund houses

  • To consider and adopt the Financial Statements of the Company for the year ended March 31, 2024 and the Reports of Board of Directors and Auditors thereon.
    4 for0 against
  • To declare final dividend on equity shares at Rs. 32/- per equity share of Rs. 10/- each for the financial year 2023-24.
    4 for0 against
  • To appoint a director in place of Mr. Nagaraja Gargeshwari (DIN: 00839616), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible offers himself for re-appointment.MoreLess
    4 for0 against

Mutual fund votes, meeting of 30 Mar 2024, 6 fund houses

  • Appointment of Ms. Bijal Tushar Ajinkya (DIN: 01976832) as an Independent Director.
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundPotential conflict of interest
    5 for1 against

Mutual fund votes, meeting of 25 Dec 2023, 6 fund houses

  • To Approve Material Related Party Transactions of the Company with Meritor HVS (India) Limited.
    Against Tata Mutual Fund
    • Tata Mutual FundMHVSIL is a 51:49 JV between Meritor Heavy Vehicle Systems, LLC and BF Investment Limited, who are also the JV partners of Automotive Axles Limited (AAL). MHVSIL is a dominant distributor of AAL’s products in the domestic and global markets. We do not support this arrangement, since there is no clear rationale for housing the distribution network a separate promoter controlled entity – MHVSIL and AAL have the same JV partners: Meritor and the Kalyani group own a higher share of MHVSIL’s equity than in AAL. We believe the distribution must be directly carried out through AAL so that all the shareholders of the listed entity reap the benefits of the margin earned on sale to the final customer. We do not support the current arrangement.
    5 for1 against

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

Fines and tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyCHAMUNDESHWARI ELECTRICITY SUPPLY CORPORATION LIMITEDSince 1 May 2026

    Maximum Demand Penalty levied as per applicable electricity tariff due to excess demand over the sanctioned contract demand.

    Electricity demand exceeded the sanctioned contract demand.
  • Fine or penaltyCHAMUNDESHWARI ELECTRICITY SUPPLY CORPORATION LIMITEDSince 1 Jun 2026

    Maximum Demand Penalty levied as per applicable electricity tariff due to excess demand over the sanctioned contract demand.

    Electricity demand exceeded the sanctioned contract demand.
  • Fine or penaltyCHAMUNDESHWARI ELECTRICITY SUPPLY CORPORATION LIMITEDSince 1 Jul 2026

    Maximum Demand Penalty levied as per applicable electricity tariff due to excess demand over the sanctioned contract demand.

    Electricity demand exceeded the sanctioned contract demand.
  • Tax disputeAsst. Commissioner of Cental TaxSince 6 Aug 2022
    Notice received dt. 31.03.2025, Appeal filed before Tribunal on 30.06.2026
    At the filing before: INR 44,99,186/- ServiceTax Input Credit claimed in Tran-1 deemed ineligible & demand passed by department. Additional Interest levied @ 24% P.A from Dec-2017 till date Penalty levied is INR 4,49,919/-. Appeal Filed with Commissioner Appeals has been rejected.MoreLess
  • Tax disputeSuperintendent of Central TaxSince 14 Dec 2023
    Appeal filed before Tribunal on 29.06.26
    At the filing before: Our Supplier “M/s SPM Auto Private Ltd” has failed to submit GSTR 3B return due to which ITC availed based on the GSTR 2A is challenged by the authority. Company has filed the appeal with appellate authority, which was rejected on 19.06.2025. Payment of 10% towards pre-deposit for filing of appeal before Tribunal was made in Aug'25 and intimation was filed on 01.09.25.MoreLess
  • Tax disputeAsst. Commissioner of State TaxSince 30 Jan 2024
    Personal Hearing attended in Feb-26, Mar26 & May-26 with our submissions and awaiting department response.
    At the filing before: For FY-2018-19 the DSTO passed order on issue of duplicate e-way bills and for not maintaining the books of accounts at Principal place of business. Amount involved Rs.68,98,448/-.
  • Tax disputeAsst. Commissioner of State TaxSince 30 Jan 2024
    Personal Hearing attended in Feb-26, Mar-26 & May-26 with our submissions and awaiting department response.
    At the filing before: Officer has passed the Order for non-maintain the books of accounts at the principal business place. Amount involved: FY 2019-20 : Rs.50,000/- FY 2020-21 : Rs.50,000/- FY 2021-22 : Rs.50,000/- FY 2022-23 : Rs.50,000/- For FY-2023-24, the officer has rejected our submission against the Stock mismatching of 96 numbers and passed the order to pay the tax with non-maintain the books of accounts at the Principal business place. Amount involved INR 28,47,936/-. Appeal filed and attended Personal Hearing.MoreLess
  • Tax disputeAsst. Commissioner of State TaxSince 24 Feb 2024
    Personal Hearing attended in Jan'26 with our submissions and awaiting department response.
    At the filing before: Department has noted that debit note for price corrections are deemed to be liable for GST from the date of original invoice. Against the same, As per section 50(1) of TNGST/CGST Act,2017 interest of Rs 1,05,544/- and Penalty of Rs 20,000/- has been levied by department. Appeal filed for reversal of Interest and penalty amount of Rs. 1,25,544/- on 23.05.2025.MoreLess
3 more
  • Tax disputeCommissioner of Income TaxSince 24 Feb 2025
    Appeal presided by commissioner. Waiting for the authorities response
    At the filing before: Officer has passed the demand Order for INR 2,07,474/- disallowing our claim of INR 5,99,307/- under section 80JJAA
  • Tax disputeAsst. Commissioner Range II RudrapurSince 20 Feb 2026
    Appeal was filed for Refund in Feb-26.
    At the filing before: Inadvertently Tax of INR 3,51,760/- paid against Pantnagar GSTN instead of Jamshedpur GSTN for FY-2017-18. Appeal filed against refund, rejected by department.
  • Tax disputeCommissioner of Income TaxSince 26 Feb 2021
    Appeal presided by commissioner. Waiting for the authorities response
    At the filing before: Officer has passed the demand Order for INR 2,07,474/- disallowing our claim of INR 5,99,307/- under section 80JJAA

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

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
Yes
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.