AXISCADES Technologies MD, chairman, board of directors and AGM
NSE: AXISCADESBSE: 532395Aerospace & DefenseSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹1,961.30.
- 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.
- ₹8,155 Cr683rd 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 13 Aug 2026
- 224.4
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: 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, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹19 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 147.7
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 27 May 2026
- 11.2
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 13 Aug 2026
- 5.3%
- ROE without one-offsReturn on equity without one-off items. Core profit, 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 less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹19 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 8.0%
- 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 13 Aug 2026
- 10.7%
- 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 27 May 2026
- 0.38
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,98,70047.1% delivered
AXISCADES Technologies 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 directorSampath Ravinarayanan
- Company Secretary and Compliance OfficerSonal Dudani
7 directors4 independent1 executive2 non-executive
- Sampath Ravinarayanan · Chairperson and managing directorExecutive · joined Oct 2024 · 1 listed board
- Mariam MathewIndependent · joined Feb 2018 · reappointed Feb 2023 · 100 months as independent · 1 listed board · 1 as independent
- Tanmoy ChakrabartyIndependent · joined Jul 2024 · 23 months as independent · 1 listed board · 1 as independent · 3 committee seats
- Codanda Poovaiah CariappaIndependent · joined Sep 2024 · 21 months as independent · 1 listed board · 1 as independent · 3 committee seats, 2 as chair
- Venkatraman VNon-executive · joined Jan 2023 · 2 listed boards · 3 committee seats
- Giridhar AramaneIndependent · joined Mar 2026 · 3 months as independent · 4 listed boards · 3 as independent · 2 committee seats
- Abhay MaheshwariNon-executive · joined Jun 2026 · 0 months as independent · 2 listed boards
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.
6 directors who left
- Alfonso Martinez Fernandez, left 22 Aug 2025: Others
- David Abikzir, left 17 Jul 2025: Others
- Rajendra Chandrakantrao Moholkar, left 27 Jan 2025: Others
- Abidali Z Neemuchwala, left 25 Jan 2025: Others
- Arun Krishnamurthi, left 2 Jan 2025: Others
- SargunarajThomas Christopher, left 5 Dec 2024: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 29 Jun 20267 of 7 present4 independent · 16 days in between
- 12 Jun 20266 of 6 present4 independent · 15 days in between
- 27 May 20266 of 6 present4 independent · no day in between
- 26 May 20266 of 6 present4 independent · 23 days in between
3 earlier meetings
- 2 May 20266 of 6 present4 independent · 46 days in between
- 16 Mar 20265 of 5 present3 independent · 34 days in between
- 9 Feb 20265 of 5 present3 independent
Audit Committee
Chair Codanda Poovaiah Cariappa
Tanmoy Chakrabarty, Venkatraman V
- 11 Jun 20263 of 3 present2 independent · 14 days in between
- 27 May 20263 of 3 present2 independent · no day in between
- 26 May 20263 of 3 present2 independent · 105 days in between
- 9 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Tanmoy Chakrabarty
Codanda Poovaiah Cariappa, Mariam Mathew, Venkatraman V
- 26 Mar 20264 of 4 present3 independent
Stakeholders Relationship Committee
Chair Codanda Poovaiah Cariappa
Venkatraman V, Tanmoy Chakrabarty
- 6 Feb 20263 of 3 present2 independent
Risk Management Committee
Chair Mariam Mathew
Venkatraman V, Shashidhar
- 30 Mar 20261 of 2 present0 independent · 51 days in between
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.
AXISCADES Technologies 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.AXISCADES Technologies share news and announcements
Annual general meeting, 28 Sep 2026
46,301 shareholders on the register on 21 Sep 2026; present: 1 promoter and 63 others; votes counted by Pramod S.M. / M/s BMP & Co. LLP.The company's voting result (opens in a new tab)
- Adoption of Audited Financial Statements (Standalone & Consolidated)Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 58.22% · promoters 100.00% · institutions 59.54% · other public 1.13%
- Appointment of Mr. Venkatraman Venkitachalam (DIN: 05008694) as a Director, liable to retire by rotationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.04% · other public 0.02%
Turnout: all 58.22% · promoters 100.00% · institutions 59.54% · other public 1.13%
- Appointment of Mr. Abhay Maheshwari (DIN: 08004819) as Non-Executive, Non-Independent Director of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 58.22% · promoters 100.00% · institutions 59.54% · other public 1.13%
- Approval for Material Related Party Transactions - Corporate Guarantee and Security to be availed from Mistral Solutions Private Limited, Subsidiary of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 58.22% · promoters 100.00% · institutions 59.54% · other public 1.13%
- Appointment of Ms. Ashmita Sethi (DIN: 08660491) as Non-Executive, Independent Director of the CompanySpecial99.58% for0.42% against
Against: promoters 0.00% · institutions 11.70% · other public 0.02%
Turnout: all 58.22% · promoters 100.00% · institutions 59.54% · other public 1.13%
- Payment of Commission to Non-Executive DirectorsSpecial99.86% for0.14% against
Against: promoters 0.00% · institutions 3.88% · other public 0.05%
Turnout: all 58.22% · promoters 100.00% · institutions 59.54% · other public 1.13%
- Approval for borrowing limits of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 58.22% · promoters 100.00% · institutions 59.54% · other public 1.13%
- Approval for Creation of Charge on the Assets of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 58.22% · promoters 100.00% · institutions 59.54% · other public 1.13%
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, 27 Jul 2026, 5 resolutions
47,138 shareholders on the register on 19 Jul 2026; votes counted by Biswajit Ghosh / BMP & Co. LLP.The company's voting result (opens in a new tab)
APPROVAL FOR TRANSFER OF BUSINESS COMPRISING OF ENGINEERING SERVICES IN THE HEAVY ENGINEERING, AUTOMOTIVE, AND ENERGY INDUSTRIES OF THE COMPANY AND CERTAIN SUBSIDIARIES OF THE COMPANY IN INDIA, US AND UK BY WAY OF A SLUMP SALE UNDER SECTION 180(1)(A) OF THE COMPANIES ACT, 2013 AND REGULATION 37A OF SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015MoreLess
Special98.63% for1.37% againstAgainst: promoters 0.00% · institutions 46.16% · other public 0.01%
Turnout: all 66.73% · promoters 100.00% · institutions 60.17% · other public 26.92%
APPROVAL FOR TRANSFER OF BUSINESS COMPRISING ENGINEERING SERVICES IN THE AEROSPACE INDUSTRIES OF THE COMPANY, ITS BRANCHES IN GERMANY AND FRANCE AND ITS SUBSIDIARIES IN INDIA, GERMANY, UNITED KINGDOM, CANADA AND UNITED STATES OF AMERICA UNDER SECTION 180(1)(A) OF THE COMPANIES ACT, 2013 AND REGULATION 37A OF SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.MoreLess
Special98.63% for1.37% againstAgainst: promoters 0.00% · institutions 46.16% · other public 0.01%
Turnout: all 66.73% · promoters 100.00% · institutions 60.17% · other public 26.92%
APPROVAL FOR MATERIAL RELATED PARTY TRANSACTIONS WITH NEW SUBSIDIARIES PROPOSED TO BE INCORPORATED/ ACQUIRED BY THE COMPANY FOR TRANSFER OF BUSINESS COMPRISING ENGINEERING SERVICES IN THE AEROSPACE INDUSTRIES UNDER SECTION 188(1)(B) OF THE COMPANIES ACT, 2013 AND REGULATION 23 OF SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.MoreLess
Ordinary89.45% for10.55% againstAgainst: promoters 0.00% · institutions 46.16% · other public 0.05%
Turnout: all 8.70% · promoters 0.00% · institutions 60.17% · other public 15.36%
- APPROVAL FOR THE DIVESTMENT OF SHAREHOLDING IN MATERIAL SUBSIDIARIES PROPOSED TO BE INCORPORATED IN INDIA (“NEW INDIA CO”) AND ACQUIRED IN SWITZERLAND (“OVERSEAS HOLDCO”) IN TWO TRANCHES.Special98.62% for1.38% against
Against: promoters 0.00% · institutions 46.16% · other public 0.03%
Turnout: all 66.73% · promoters 100.00% · institutions 60.17% · other public 26.92%
- APPROVAL FOR INCREASE IN THE LIMITS APPLICABLE FOR MAKING INVESTMENTS / EXTENDING LOANS AND GIVING GUARANTEES OR PROVIDING SECURITIES UNDER SECTION 186 OF THE COMPANIES ACT, 2013.Special97.98% for2.02% against
Against: promoters 0.00% · institutions 68.07% · other public 0.01%
Turnout: all 66.74% · promoters 100.00% · institutions 60.17% · other public 26.93%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 28 May 2026, 1 resolution
43,899 shareholders on the register on 17 Apr 2026; votes counted by Biswajit Ghosh / BMP & Co. LLP.The company's voting result (opens in a new tab)
- APPOINTMENT OF MR. GIRIDHAR ARAMANE (DIN: 00483130) AS NON-EXECUTIVE, INDEPENDENT DIRECTOR OF THE COMPANYSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.77%
Turnout: all 60.13% · promoters 100.00% · institutions 59.07% · other public 0.46%
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, 24 Sep 2025, 6 resolutions
44,687 shareholders on the register on 17 Sep 2025; present: 1 promoter and 64 others; votes counted by Pramod S M / M/s BMP & Co. LLP.The company's voting result (opens in a new tab)
- Adoption of Audited Financial Statements (Standalone & Consolidated)Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.30%
Turnout: all 59.22% · promoters 100.00% · institutions 27.03% · other public 1.01%
- Appointment of Director, Mr. Venkatraman Venkitachalam (DIN: 05008694), liable to retire by rotationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.30%
Turnout: all 59.22% · promoters 100.00% · institutions 27.03% · other public 1.01%
- To appoint M/s. BMP & Co. LLP, Company Secretaries as Secretarial Auditors of the CompanyOrdinary99.80% for0.20% against
Against: promoters 0.00% · institutions 15.97% · other public 0.30%
Turnout: all 59.22% · promoters 100.00% · institutions 27.03% · other public 1.01%
- To appoint Dr. Sampath Ravinarayanan as Managing Director of the CompanySpecial99.53% for0.47% against
Against: promoters 0.00% · institutions 37.34% · other public 0.30%
Turnout: all 59.22% · promoters 100.00% · institutions 27.03% · other public 1.01%
- Approval for Borrowing limits of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.38%
Turnout: all 59.21% · promoters 100.00% · institutions 27.03% · other public 0.98%
- Approval for Creation of Charge on the Assets of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.38%
Turnout: all 59.22% · promoters 100.00% · institutions 27.03% · other public 1.01%
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 Apr 2025, 3 resolutions
36,997 shareholders on the register on 7 Mar 2025; votes counted by Pramod S. M. / M/s. BMP & Co. LLP.The company's voting result (opens in a new tab)
- APPOINTMENT OF MR. ALFONSO MARTINEZ FERNANDEZ (DIN: 10902446) AS DIRECTOR OF THE COMPANYOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.33%
Turnout: all 60.97% · promoters 100.00% · institutions 49.41% · other public 0.33%
- APPOINTMENT OF MR. ALFONSO MARTINEZ FERNANDEZ (DIN: 10902446), AS MANAGING DIRECTOR, DESIGNATED AS CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR OF THE COMPANYSpecial99.79% for0.21% against
Against: promoters 0.00% · institutions 9.47% · other public 0.07%
Turnout: all 60.97% · promoters 100.00% · institutions 49.41% · other public 0.32%
- WITHDRAWAL OF THE NAME CHANGE APPLICATION OF THE COMPANYSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 4.75%
Turnout: all 60.97% · promoters 100.00% · institutions 49.41% · other public 0.32%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 15 Dec 2024, 8 resolutions
The company's voting result (opens in a new tab)
- APPOINTMENT OF LT GEN CODANDA POOVAIAH CARIAPPA (DIN: 10777872) AS NON-EXECUTIVE, INDEPENDENT DIRECTOR OF THE COMPANYSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.13%
Turnout: all 64.05% · promoters 100.00% · institutions 85.05% · other public 1.01%
- APPOINTMENT OF MR. RAJENDRA MOHOLKAR (DIN: 10779370) AS NON-EXECUTIVE, INDEPENDENT DIRECTOR OF THE COMPANYSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 64.05% · promoters 100.00% · institutions 85.05% · other public 1.01%
- APPOINTMENT OF DR. SAMPATH RAVINARAYANAN (DIN: 00208793) AS NON-EXECUTIVE NON-INDEPENDENT DIRECTOR OF THE COMPANYOrdinary99.94% for0.06% against
Against: promoters 0.00% · institutions 1.00% · other public 0.13%
Turnout: all 64.05% · promoters 100.00% · institutions 85.05% · other public 1.01%
- CHANGE OF NAME OF THE COMPANYSpecial99.87% for0.13% against
Against: promoters 0.00% · institutions 2.15% · other public 0.16%
Turnout: all 64.05% · promoters 100.00% · institutions 85.05% · other public 1.01%
- REMUNERATION OF MR. ARUN KRISHNAMURTHI (DIN: 09408190), CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR OF THE COMPANYSpecial99.75% for0.25% against
Against: promoters 0.00% · institutions 1.00% · other public 33.03%
Turnout: all 64.05% · promoters 100.00% · institutions 85.05% · other public 1.01%
- APPROVAL FOR BORROWING LIMITS OF THE COMPANYSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 64.05% · promoters 100.00% · institutions 85.05% · other public 1.01%
- APPROVAL FOR CREATION OF CHARGE ON THE ASSETS OF THE COMPANYSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.13%
Turnout: all 64.05% · promoters 100.00% · institutions 85.05% · other public 1.01%
- APPROVAL FOR MATERIAL RELATED PARTY TRANSACTION - CORPORATE GUARANTEE AND SECURITY (IES) TO BE AVAILED FROM ENERTEC CONTROLS LIMITED (“ENERTEC”), STEP-DOWN SUBSIDIARYOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.13%
Turnout: all 64.05% · promoters 100.00% · institutions 85.05% · other public 1.01%
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, 18 Sep 2024, 4 resolutions
Present: 1 promoter and 73 others.The company's voting result (opens in a new tab)
- Adoption of Audited Financial Statements (Standalone & Consolidated)Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.42%
Turnout: all 64.54% · promoters 100.00% · institutions 93.01% · other public 0.80%
- Appointment of Director, Mr. Venkatraman Venkitachalam (DIN: 05008694), liable to retire by rotationOrdinary99.88% for0.12% against
Against: promoters 0.00% · institutions 1.94% · other public 0.49%
Turnout: all 64.54% · promoters 100.00% · institutions 93.01% · other public 0.80%
- Appointment of Director, Mr. David Abikzir (DIN: 03160720), liable to retire by rotationOrdinary99.88% for0.12% against
Against: promoters 0.00% · institutions 1.94% · other public 0.49%
Turnout: all 64.54% · promoters 100.00% · institutions 93.01% · other public 0.80%
- Appointment of Mr. Tanmoy Chakrabarty (DIN: 00207066) as Non-Executive, Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.49%
Turnout: all 64.54% · promoters 100.00% · institutions 93.01% · other public 0.80%
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, 18 Dec 2023, 3 resolutions
The company's voting result (opens in a new tab)
- Appointment of Mr. Abidali Neemuchwala (DIN: 02478060) as Non-Executive, Non-Independent Director of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.71% · promoters 100.00% · institutions 0.00% · other public 2.84%
- Approval for Related Party Transaction - Consultancy agreement between AXISCADES Inc., wholly owned subsidiary and Neemuchwala Family 2022 LLC, in which Mr. Abidali Neemuchwala is interestedOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.13%
Turnout: all 66.71% · promoters 100.00% · institutions 0.00% · other public 2.84%
- To consider and approve raising of funds and issuance of securities by way of a Qualified Institutions Placement basis or through any other permissible modeSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.71% · promoters 100.00% · institutions 0.00% · other public 2.84%
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 28 Sep 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)
- Adoption of Audited Financial Statements (Standalone & Consolidated)2 for0 against
- Appointment of Mr. Venkatraman Venkitachalam (DIN: 05008694) as a Director, liable to retire by rotation2 for0 against
- Appointment of Mr. Abhay Maheshwari (DIN: 08004819) as Non-Executive, Non-Independent Director of the Company2 for0 against
- Approval for Material Related Party Transactions - Corporate Guarantee and Security to be availed from Mistral Solutions Private Limited, Subsidiary of the Company2 for0 against
- Appointment of Ms. Ashmita Sethi (DIN: 08660491) as Non-Executive, Independent Director of the Company2 for0 against
- Payment of Commission to Non-Executive Directors2 for0 against
- Approval for borrowing limits of the Company2 for0 against
- Approval for Creation of Charge on the Assets of the Company2 for0 against
Mutual fund votes, meeting of 27 Jul 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)
APPROVAL FOR TRANSFER OF BUSINESS COMPRISING OF ENGINEERING SERVICES IN THE HEAVY ENGINEERING, AUTOMOTIVE, AND ENERGY INDUSTRIES OF THE COMPANY AND CERTAIN SUBSIDIARIES OF THE COMPANY IN INDIA, US AND UK BY WAY OF A SLUMP SALE UNDER SECTION 180(1)(A) OF THE COMPANIES ACT, 2013 AND REGULATION 37A OF SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015MoreLess
Against Angel One Mutual Fund
- Angel One Mutual FundTransparency concern: Lack of clarity regarding the structure of the deferred payment and the rationale for the same; Lack of clarity regarding the basis of the earnout payment; Non-disclosure of valuation report.
1 for1 againstAPPROVAL FOR TRANSFER OF BUSINESS COMPRISING ENGINEERING SERVICES IN THE AEROSPACE INDUSTRIES OF THE COMPANY, ITS BRANCHES IN GERMANY AND FRANCE AND ITS SUBSIDIARIES IN INDIA, GERMANY, UNITED KINGDOM, CANADA AND UNITED STATES OF AMERICA UNDER SECTION 180(1)(A) OF THE COMPANIES ACT, 2013 AND REGULATION 37A OF SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.MoreLess
Against Angel One Mutual Fund
- Angel One Mutual FundTransparency concern: Lack of clarity regarding the additional consideration being received by the Company.
1 for1 againstAPPROVAL FOR MATERIAL RELATED PARTY TRANSACTIONS WITH NEW SUBSIDIARIES PROPOSED TO BE INCORPORATED/ ACQUIRED BY THE COMPANY FOR TRANSFER OF BUSINESS COMPRISING ENGINEERING SERVICES IN THE AEROSPACE INDUSTRIES UNDER SECTION 188(1)(B) OF THE COMPANIES ACT, 2013 AND REGULATION 23 OF SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.MoreLess
Against Angel One Mutual Fund
- Angel One Mutual FundGovernance Concern: Inadequate disclosure regarding basis of arm’s length pricing for one of the proposed transactions. Transparency Concern: Inadequate justification for the proposed investment in the Overseas HoldCo.; Interlinked to resolutions #2 & #4.
1 for1 against- APPROVAL FOR THE DIVESTMENT OF SHAREHOLDING IN MATERIAL SUBSIDIARIES PROPOSED TO BE INCORPORATED IN INDIA (“NEW INDIA CO”) AND ACQUIRED IN SWITZERLAND (“OVERSEAS HOLDCO”) IN TWO TRANCHES.
Against Angel One Mutual Fund
- Angel One Mutual FundTransparency concern: Lack of clarity regarding the additional consideration being received by the Company.
1 for1 against - APPROVAL FOR INCREASE IN THE LIMITS APPLICABLE FOR MAKING INVESTMENTS / EXTENDING LOANS AND GIVING GUARANTEES OR PROVIDING SECURITIES UNDER SECTION 186 OF THE COMPANIES ACT, 2013.
Against Angel One Mutual Fund, ICICI Prudential Mutual Fund
- Angel One Mutual FundTransparency concern: Lack of clarity regarding the structure of the deferred payment and the rationale for the same; Lack of clarity regarding the basis of the earnout payment; Non-disclosure of valuation report;Lack of clarity regarding the additional consideration being received by the Company.
- ICICI Prudential Mutual FundThe approval sought is enabling as the proposed limits also include any future investments in subsidiaries and associates. The company must disclose granular details when available to enable shareholders to make an informed decision. The current utilization of automatic limits under Section 186 is also unclear. Given the lack of clarity, the AMC has voted against the resolution.
0 for2 against
5 earlier meetings
Mutual fund votes, meeting of 28 May 2026, 7 fund houses
- APPOINTMENT OF MR. GIRIDHAR ARAMANE (DIN: 00483130) AS NON-EXECUTIVE, INDEPENDENT DIRECTOR OF THE COMPANY7 for0 against
Mutual fund votes, meeting of 24 Sep 2025, 2 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Adoption of Audited Financial Statements (Standalone & Consolidated)2 for0 against
- Appointment of Director, Mr. Venkatraman Venkitachalam (DIN: 05008694), liable to retire by rotation2 for0 against
- To appoint M/s. BMP & Co. LLP, Company Secretaries as Secretarial Auditors of the Company2 for0 against
- To appoint Dr. Sampath Ravinarayanan as Managing Director of the Company
Against ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund
- ICICI Prudential Mutual FundRemuneration is high in absolute basis and relatively vs peers and absolute cap is missing. Hence the AMC has voted against the resolution.
- Motilal Oswal Mutual FundCompliant with law. No concern on the merits of director. Governance concern: Dual position of Chairman & MD may lead to Concentration of power in the hands of a single person. Excessive remuneration considering the potential ESOP benefits
0 for2 against - Approval for Borrowing limits of the Company2 for0 against
1 proposal not matched to one resolution
To mortgages, charges and hypothecations, as may be necessary on such assets of the Company, both present and future, in such a manner as the Board may direct, in favor of such authorities or bodies corporate or banks or financial institutions or any other agency, either domestic or foreign, or the general public, to secure rupee term loans, foreign currency loans, debentures, bonds and other instruments of an outstanding aggregate value not exceeding Rs. 500 crores with interest thereon at the agreed rates, further interest, liquidated damages, premium on pre-payment or on redemption, costs, charges, expenses and all other moneys payable by the Company to the Lending Agencies under their respective Agreements/Loan Agreements/ Debenture Trust Deeds, in any other form entered into or to be entered into by the Company in respect of the said borrowings.MoreLess
2 for0 against
Mutual fund votes, meeting of 16 Apr 2025, 1 fund house
- APPOINTMENT OF MR. ALFONSO MARTINEZ FERNANDEZ (DIN: 10902446) AS DIRECTOR OF THE COMPANY1 for0 against
- APPOINTMENT OF MR. ALFONSO MARTINEZ FERNANDEZ (DIN: 10902446), AS MANAGING DIRECTOR, DESIGNATED AS CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR OF THE COMPANY1 for0 against
- WITHDRAWAL OF THE NAME CHANGE APPLICATION OF THE COMPANY1 for0 against
Mutual fund votes, meeting of 15 Dec 2024, 2 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- APPOINTMENT OF LT GEN CODANDA POOVAIAH CARIAPPA (DIN: 10777872) AS NON-EXECUTIVE, INDEPENDENT DIRECTOR OF THE COMPANY2 for0 against
- APPOINTMENT OF MR. RAJENDRA MOHOLKAR (DIN: 10779370) AS NON-EXECUTIVE, INDEPENDENT DIRECTOR OF THE COMPANY2 for0 against
- APPOINTMENT OF DR. SAMPATH RAVINARAYANAN (DIN: 00208793) AS NON-EXECUTIVE NON-INDEPENDENT DIRECTOR OF THE COMPANY2 for0 against
- CHANGE OF NAME OF THE COMPANY2 for0 against
- REMUNERATION OF MR. ARUN KRISHNAMURTHI (DIN: 09408190), CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR OF THE COMPANY2 for0 against
- APPROVAL FOR BORROWING LIMITS OF THE COMPANY2 for0 against
- APPROVAL FOR MATERIAL RELATED PARTY TRANSACTION - CORPORATE GUARANTEE AND SECURITY (IES) TO BE AVAILED FROM ENERTEC CONTROLS LIMITED (“ENERTEC”), STEP-DOWN SUBSIDIARY2 for0 against
1 proposal not matched to one resolution
To mortgages, charges and hypothecations, as may be necessary on such assets of the Company, both present and future, in such a manner as the Board may direct, in favor of such authorities or bodies corporate or banks or financial institutions or any other agency, either domestic or foreign, or the general public, to secure rupee term loans, foreign currency loans, debentures, bonds and other instruments of an outstanding aggregate value not exceeding Rs. 500 crores.MoreLess
2 for0 against
Mutual fund votes, meeting of 18 Sep 2024, 2 fund houses
- Adoption of Audited Financial Statements (Standalone & Consolidated)2 for0 against
- Appointment of Director, Mr. Venkatraman Venkitachalam (DIN: 05008694), liable to retire by rotation2 for0 against
- Appointment of Director, Mr. David Abikzir (DIN: 03160720), liable to retire by rotation2 for0 against
- Appointment of Mr. Tanmoy Chakrabarty (DIN: 00207066) as Non-Executive, Independent Director of the Company2 for0 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 penaltyBSE LimitedSince 27 May 2026
Imposition of fine of Rs. 4,95,600/-
Non-compliance with Regulation 17(1) of SEBI (LODR) Regulations, 2015 for the quarter ended March 31, 2026 - Fine or penaltyNational Stock Exchange of India LimitedSince 27 May 2026
Imposition of fine of Rs. 4,95,600/-
Non-compliance with Regulation 17(1) of SEBI (LODR) Regulations, 2015 for the quarter ended March 31, 2026 - Tax disputeOrder dated 20/08/2021, passed by the Sole ArbitratorSince 4 Dec 2023The matter was not listed on February 3, 2026 and next date is yet to be communicated by the courtAt the filing before: Appealed before the higher court of Law and the case was listed for final hearing on February 3, 2026.
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
- 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.
How money raised was used
Reported for the quarter to Jun 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 statement's amounts are left out where the raise it states is more than ten times everything the company owns, a figure typed at the wrong scale.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| QIPJan 2024, checked by CRISIL Ratings Limited | – | – | – | No |