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Aye Finance MD, chairman, board of directors and AGM

NSE: AYEBSE: 544699FinanceSmall Cap

Last close ₹133.92up ₹0.68 (0.51%)BSE ₹134.55

Share price at the NSE close on 23 Oct 2026. Previous close ₹133.24.

Range of traded prices from listing on 16 Feb 2026 to 23 Oct 2026
₹88.22Low, 2 Apr 2026₹197.29High, 21 Jul 2026
Market cap
₹3,305 Cr950th largest listed
P/E
Earlier quarters restated in the year
P/B
1.2
Dividend yield
Nonesince listing in Feb 2026
Volume, NSE
25,33,37835.7% delivered

Aye Finance 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

  • ChairpersonGovinda Rajulu Chintala
  • Managing directorSanjay Sharma

7 directors5 independent1 executive1 non-executive

  • Govinda Rajulu Chintala · ChairpersonIndependent · joined Sep 2023 · 34 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 3 as chair
  • Kanika Tandon BhalIndependent · joined Sep 2023 · 34 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Padmaja NairIndependent · joined Oct 2024 · 20 months as independent · 1 listed board · 1 as independent
  • Sanjaya GuptaIndependent · joined Sep 2023 · 34 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Vinay BaijalIndependent · joined Aug 2024 · 22 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Sanjay Sharma · Managing directorExecutive · joined Nov 2013 · reappointed Jul 2024 · 1 listed board · 1 committee seat
  • Aditya MisraNon-executive · joined Sep 2024 · 1 listed board · 1 committee seat

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.

Committees and meetings

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

  • Board

    • 22 Jun 20267 of 7 present5 independent · 55 days in between
    • 27 Apr 20267 of 7 present5 independent · 51 days in between
    • 6 Mar 20267 of 7 present5 independent · 22 days in between
    • 11 Feb 20267 of 7 present5 independent · 7 days in between
    4 earlier meetings
    • 3 Feb 20267 of 7 present5 independent · 3 days in between
    • 30 Jan 20267 of 7 present5 independent · 13 days in between
    • 16 Jan 20267 of 7 present5 independent · 5 days in between
    • 10 Jan 20266 of 7 present4 independent
  • Audit Committee

    Chair Govinda Rajulu Chintala

    Sanjaya Gupta, Vinay Baijal, Aditya Misra

    • 27 Apr 20264 of 4 present3 independent · 51 days in between
    • 6 Mar 20264 of 4 present3 independent · 22 days in between
    • 11 Feb 20264 of 4 present3 independent · 7 days in between
    • 3 Feb 20264 of 4 present3 independent · 17 days in between
    2 earlier meetings
    • 16 Jan 20264 of 4 present3 independent · 5 days in between
    • 10 Jan 20263 of 4 present2 independent
  • Nomination and remuneration committee

    Chair Kanika Tandon Bhal

    Vinay Baijal, Aditya Misra, Padmaja Nair

    • 22 May 20264 of 4 present3 independent · 27 days in between
    • 24 Apr 20264 of 4 present3 independent · 84 days in between
    • 29 Jan 20263 of 4 present3 independent · 18 days in between
    • 10 Jan 20263 of 4 present2 independent
  • Stakeholders Relationship Committee

    Chair Govinda Rajulu Chintala

    Sanjaya Gupta, Sanjay Sharma, Kanika Tandon Bhal

    • 14 May 20264 of 4 present3 independent
  • Risk Management Committee

    Chair Sanjaya Gupta

    Govinda Rajulu Chintala, Sanjay Sharma, Padmaja Nair, Aditya Misra

    • 21 Apr 20264 of 4 present3 independent · 38 days in between
    • 13 Mar 20264 of 4 present3 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.

  • SS KOTHARI MEHTA & CO.LLPPeer-review certificate valid to Aug 2028

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.

Aye Finance 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.Aye Finance share news and announcements

Annual general meeting, 1 Sep 2026

18,970 shareholders on the register on 25 Aug 2026; present: 0 promoters and 47 others; votes counted by Kapil Dev Taneja / M/s Sanjay Grover & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2026 and the reports of the board of directors and auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 58.45% · promoters 0.00% · institutions 81.00% · other public 45.82%

  2. To appoint a Director in place of Mr. Aditya Misra (DIN: 09376632) who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.12% for0.88% against

    Against: promoters 0.00% · institutions 1.77% · other public 0.00%

    Turnout: all 58.45% · promoters 0.00% · institutions 81.00% · other public 45.82%

  3. Appointment of Statutory Auditors of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 58.45% · promoters 0.00% · institutions 81.00% · other public 45.82%

  4. To approve increase in the borrowing limit of the Company from INR 8,000 crores to INR 10,000 crores 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 58.45% · promoters 0.00% · institutions 81.00% · other public 45.82%

  5. To approve creation of charges on the assets of the Company under Section 180(1)(a) of the Companies Act, 2013 to secure borrowings made/ to be made by the Company under Section 180(1)(c) of the Companies Act, 2013MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 58.45% · promoters 0.00% · institutions 81.00% · other public 45.82%

  6. To approve issuance of non-convertible debentures in one or more tranches on private placement basis
    Special
    100.00% for0.00% against

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

    Turnout: all 58.45% · promoters 0.00% · institutions 81.00% · other public 45.82%

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 May 2026, 3 resolutions

21,651 shareholders on the register on 24 Apr 2026; votes counted by Jatin Singal / M/s Jatin Singal & Associates.The company's voting result (opens in a new tab)

  1. AMENDMENT AND RATIFICATION OF AYE FINANCE EMPLOYEE STOCK OPTION PLAN 2020
    Special
    98.78% for1.22% against

    Against: promoters 0.00% · institutions 3.48% · other public 0.00%

    Turnout: all 76.65% · promoters 0.00% · institutions 74.95% · other public 77.61%

  2. AMENDMENT AND RATIFICATION OF AYE FINANCE EMPLOYEE STOCK OPTION PLAN 2024
    Special
    98.78% for1.22% against

    Against: promoters 0.00% · institutions 3.48% · other public 0.00%

    Turnout: all 76.65% · promoters 0.00% · institutions 74.95% · other public 77.61%

  3. RATIFICATION OF EXTENSION OF GRANT TO THE ELIGIBLE EMPLOYEES AND DIRECTORS OF FOUNDATION FOR ADVANCEMENT OF MICRO ENTERPRISES, WHOLLY-OWNED SUBSIDIARY UNDER AYE FINANCE EMPLOYEE STOCK OPTION PLAN 2024
    Special
    98.73% for1.27% against

    Against: promoters 0.00% · institutions 3.60% · other public 0.00%

    Turnout: all 76.65% · promoters 0.00% · institutions 74.95% · other public 77.61%

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 30 May 2026, 3 fund houses

  • AMENDMENT AND RATIFICATION OF AYE FINANCE EMPLOYEE STOCK OPTION PLAN 2020
    3 for0 against
  • AMENDMENT AND RATIFICATION OF AYE FINANCE EMPLOYEE STOCK OPTION PLAN 2024
    3 for0 against
  • RATIFICATION OF EXTENSION OF GRANT TO THE ELIGIBLE EMPLOYEES AND DIRECTORS OF FOUNDATION FOR ADVANCEMENT OF MICRO ENTERPRISES, WHOLLY-OWNED SUBSIDIARY UNDER AYE FINANCE EMPLOYEE STOCK OPTION PLAN 2024
    3 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 Jun 2026.

  • Tax disputeIncome Tax ActSince 20 Mar 2025
    The Company received an income tax demand of Rs. 7.60 crores for AY 2023-24. The Company has disputed the order and filed a rectification request under Section 154 for deletion of the demand.There is error in computation of demand apparent from assessment order. AO omitted to reduce taxable income due to applicability of ICDS amounting to Rs. 14,60,19,958. There is one wrong addition in profit in intimation under section 143MoreLess
    At the filing before: open
  • Tax disputeIncome Tax ActSince 24 Sep 2025
    The Company received an income tax demand of Rs. 5.35 crores for AY 2023-24 U/S 270A Penalty notice due to Under Reporting of Income. The company has filed an appeal in Form-35 but Hearing of appeal is pending because we have not received communication from Income TaxMoreLess
    At the filing before: open
  • Tax disputeIncome Tax ActSince 28 Dec 2019
    Actual Demand was of Rs.2.44 CR initially but 0.49 CR was paid earlier & appeal has also been filed.(AY-2017-18). On 10-09-2025 Order under section 271AAC(1) for drop proceedings of penalty. Conclusion drawn for Non-imposition of penalty. Hence, It will be removed from the demands soon.MoreLess
    At the filing before: closed
  • Tax disputeIncome Tax ActSince 29 Jan 2025
    The Company received a demand notice of Rs. 0.54 Crores under Section 156 for AY 2018-19 due to an alleged short deduction of TDS. The company has filed an appeal by depositing 20% of Demand amount.Response submitted for change of incumbency in penalty and attached form-35 & its acknowledgement. Mentioned the reason that there was no intention to make any short deduction & company bonafied relied on the opinion of big 4.So there would be no penalty.Hearing of the appeal has also been done.MoreLess
    At the filing before: open
  • Tax disputeIncome Tax ActSince 29 Jan 2025
    The Company received a demand notice of Rs.2.30 Crores under Section 156 for AY 2019-20 due to an alleged short deduction of TDS.The company has filed an appeal by depositing 20% of Demand amount.Response submitted for change of incumbency in penalty and attached form-35 & its acknowledgement. Mentioned the reason that there was no intention to make any short deduction & company bonafied relied on the opinion of big 4.So there would be no penalty.Hearing of the appeal has also been done.MoreLess
    At the filing before: open
  • Tax disputeIncome Tax ActSince 19 Dec 2025
    The Company received an income tax demand of Rs. 1.07 crores for AY 2020-21 U/S 201(1)w.r.t 195 of the Income Tax Act,1961. The company has filed an appeal in Form-35.Appeal is pending before CIT(A)
    At the filing before: open

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
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

Reported for the quarter to Sep 2026.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Public IssuesFeb 2026, checked by CRISIL Ratings Limited710.00––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.