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Banco Products (I) MD, chairman, board of directors and AGM

NSE: BANCOINDIABSE: 500039Auto ComponentsSmall Cap

Last close ₹558.40down ₹24.40 (4.19%)BSE ₹558.30

Share price at the NSE close on 23 Oct 2026. Previous close ₹582.80.

52-week range of traded prices to 23 Oct 2026
₹502.00Low, 30 Mar 2026₹865.00High, 14 Nov 2025
Market cap
₹7,987 Cr590th largest listed
P/E
16.2
P/B
4.7
Dividend yield
4.12%
ROE
33.1%
ROCE
26.9%
Debt to equity
0.25
Volume, NSE
1,95,92048.3% delivered

Banco Products (I) board of directors

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

  • ChairpersonMehul Kanubhai Patel
  • Company Secretary and Compliance OfficerSachin Dalwadi

8 directors4 independent2 executive2 non-executive

  • Mehul Kanubhai Patel · ChairpersonNon-executive · joined Mar 2015 · 1 listed board · 2 committee seats
  • Sharan Mehul PatelExecutive · joined Apr 2021 · 1 listed board
  • Shivam Mehul PatelNon-executive · joined Aug 2023 · 1 listed board
  • Ameeta Vikas ManoharIndependent · joined Apr 2020 · reappointed Mar 2025 · 78 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Tarak Atulbhai PatelIndependent · joined Feb 2024 · reappointed Feb 2024 · 32 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Pranav Rohit PatelIndependent · joined Feb 2025 · reappointed Feb 2025 · 20 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Anand Anil MajmudarIndependent · joined Feb 2025 · reappointed Feb 2025 · 20 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Hiteshbhai Manubhai PatelExecutive · joined Aug 2026 · 2 months as independent · 1 listed board

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.

4 directors who left
  • Venkata Ranganath Kumar Sami, left 1 Apr 2026: Others
  • Himali Harnish Patel, left 1 May 2025: Others
  • Devesh Amubhai Pathak, left 13 Feb 2025: Tenure Completion
  • Udayan Prabhudas Patel, left 13 Feb 2025: Tenure Completion

Committees and meetings

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

  • Board

    • 8 Aug 20266 of 8 present4 independent · 71 days in between
    • 28 May 20266 of 7 present4 independent

  • Audit Committee

    Chair Ameeta Vikas Manohar

    Tarak Atulbhai Patel, Pranav Rohit Patel, Anand Anil Majmudar, Mehul Kanubhai Patel

    • 8 Aug 20265 of 5 present4 independent · 71 days in between
    • 28 May 20265 of 5 present4 independent

  • Nomination and remuneration committee

    Chair Tarak Atulbhai Patel

    Ameeta Vikas Manohar, Pranav Rohit Patel, Anand Anil Majmudar, Mehul Kanubhai Patel

    • 8 Aug 20265 of 5 present4 independent · 71 days in between
    • 28 May 20265 of 5 present4 independent

  • Stakeholders Relationship Committee

    Chair Tarak Atulbhai Patel

    Ameeta Vikas Manohar, Pranav Rohit Patel, Anand Anil Majmudar, Mehul Kanubhai Patel

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Tarak Atulbhai Patel

    Ameeta Vikas Manohar, Pranav Rohit Patel, Anand Anil Majmudar, Sharan Mehul Patel

    • 8 Aug 20265 of 5 present4 independent · 71 days in between
    • 28 May 20265 of 5 present4 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.

  • PSCA & Co. (Formerly known as Parikh Shah Chotalia & Associates)Peer-review certificate valid to Sep 2027
1 earlier auditor
  • Parikh Shah Chotalia & AssociatesNamed in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Banco Products (I) 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.Banco Products (I) dividend history

Annual general meeting, 19 Sep 2026

75,754 shareholders on the register on 12 Sep 2026; present: 5 promoters and 76 others; votes counted by J. J. Gandhi / J J Gandhi & Co..The company's voting result (opens in a new tab)

  1. To receive, consider and adopt Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March 2026 including Balance Sheet as at 31st March 2026, the Statement of Profit and Loss and Cash Flow Statement for the year ended on 31st March, 2026 and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 60.06% · promoters 85.50% · institutions 43.27% · other public 0.65%

  2. To appoint a director in place of Mr. Sharan M. Patel (DIN: 09151194), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.78% for0.22% against

    Against: promoters 0.00% · institutions 7.28% · other public 0.01%

    Turnout: all 60.06% · promoters 85.50% · institutions 43.27% · other public 0.65%

  3. To declare dividend of 400% i.e. Rs.8/- per equity share of Rs. 2/- each for the financial year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 60.07% · promoters 85.50% · institutions 43.27% · other public 0.68%

  4. Regularisation of appointment of Mr. Hiteshbhai Manubhai Patel (DIN: 11866196) as Director of the Company, liable to retire by rotation.
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 2.43% · other public 0.00%

    Turnout: all 60.06% · promoters 85.50% · institutions 43.27% · other public 0.65%

  5. Appointment of Mr. Hiteshbhai Manubhai Patel (DIN: 11866196) as Whole-time Director (Key Managerial Personnel) of the Company.
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 2.39% · other public 0.00%

    Turnout: all 60.06% · promoters 85.50% · institutions 43.27% · other public 0.65%

  6. Payment of commission to Mr. Shivam M. Patel (DIN: 09501828) Non-Executive, Non-Independent Director of the Company.
    Special
    96.94% for3.06% against

    Against: promoters 0.00% · institutions 99.96% · other public 0.07%

    Turnout: all 60.06% · promoters 85.50% · institutions 43.27% · other public 0.65%

  7. Ratification of Remuneration to Cost Auditor of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 60.06% · promoters 85.50% · institutions 43.27% · other public 0.65%

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, 19 Sep 2025, 4 resolutions

71,031 shareholders on the register on 12 Sep 2025; present: 3 promoters and 60 others; votes counted by J. J. Gandhi / J J Gandhi & Co..The company's voting result (opens in a new tab)

  1. To receive, consider and adopt Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025 including Balance Sheet as at 31st March, 2025, the Statement of Profit and Loss and Cash Flow Statement for the year ended on 31st March, 2025 and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 58.77% · promoters 82.42% · institutions 48.86% · other public 2.50%

  2. To appoint a director in place of Mr. Mehul K. Patel (DIN: 01772099), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    98.80% for1.20% against

    Against: promoters 0.00% · institutions 33.25% · other public 0.07%

    Turnout: all 58.77% · promoters 82.42% · institutions 48.94% · other public 2.50%

  3. Appointment of Secretarial Auditors of the Company and to fix their remuneration.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 58.77% · promoters 82.42% · institutions 48.94% · other public 2.50%

  4. Ratification of Remuneration to Cost Auditor of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 58.77% · promoters 82.42% · institutions 48.94% · other public 2.50%

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 Jun 2025, 3 resolutions

69,381 shareholders on the register on 23 May 2025; votes counted by J. J. Gandhi / J J Gandhi & Co..The company's voting result (opens in a new tab)

  1. Regularisation of appointment of Mr. Venkata Ranganath Kumar Sami (DIN: 11090878) as Director of the Company.
    Ordinary
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 5.39% · other public 0.45%

    Turnout: all 58.20% · promoters 82.41% · institutions 44.94% · other public 1.24%

  2. Appointment of Mr. Venkata Ranganath Kumar Sami (DIN: 11090878) as Whole-time Director (Key Managerial Personnel) of the Company.
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 1.58% · other public 0.67%

    Turnout: all 58.20% · promoters 82.41% · institutions 44.94% · other public 1.24%

  3. Payment of commission to Mr. Shivam M. Patel (DIN: 09501828) Non-Executive, Non-Independent Director of the Company.
    Special
    96.74% for3.26% against

    Against: promoters 0.00% · institutions 98.41% · other public 5.81%

    Turnout: all 58.20% · promoters 82.41% · institutions 44.94% · other public 1.24%

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, 26 Mar 2025, 4 resolutions

66,807 shareholders on the register on 18 Feb 2025; votes counted by J. J. Gandhi / J J Gandhi & Co..The company's voting result (opens in a new tab)

  1. To approve the appointment of Mr. Pranav Patel (DIN: 00259728) as an Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.02%

    Turnout: all 57.62% · promoters 82.41% · institutions 41.30% · other public 0.35%

  2. To approve the appointment of Mr. Anand Majmudar (DIN: 03019026) as an Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.02%

    Turnout: all 57.62% · promoters 82.41% · institutions 41.30% · other public 0.35%

  3. To approve the re-appointment of Mrs. Ameeta V. Manohar (DIN: 00903232) as an Independent Director of the Company.
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 2.38% · other public 1.17%

    Turnout: all 57.62% · promoters 82.41% · institutions 41.30% · other public 0.35%

  4. To approve revision in payment of Commission to Non-Executive Independent Directors.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.40%

    Turnout: all 57.62% · promoters 82.41% · institutions 41.30% · other public 0.35%

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, 19 Dec 2024, 3 resolutions

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

  1. Issue of Bonus Shares
    Ordinary
    99.53% for0.47% against

    Against: promoters 0.00% · institutions 15.81% · other public 0.01%

    Turnout: all 60.05% · promoters 85.47% · institutions 46.76% · other public 0.88%

  2. Payment of commission to Mr. Tarak Patel (DIN: 00009568) Non-Executive Independent Director of the Company
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.85%

    Turnout: all 60.05% · promoters 85.47% · institutions 46.76% · other public 0.87%

  3. Revision in Remuneration of Mr. Sharan Mehul Patel (DIN: 09151194), Whole-time Director of the Company
    Ordinary
    97.22% for2.78% against

    Against: promoters 0.00% · institutions 93.14% · other public 3.79%

    Turnout: all 60.05% · promoters 85.47% · institutions 46.76% · other public 0.87%

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, 20 Sep 2024, 4 resolutions

Present: 5 promoters and 48 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31.03.2024 including Balance Sheet as at 31.03.2024, the Statement of Profit and Loss and Cash Flow Statement for the year ended on 31.03.2024 and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.28%

    Turnout: all 57.96% · promoters 82.42% · institutions 37.71% · other public 2.90%

  2. To appoint a Director in place of Smt. Himali H. Patel (DIN 07081636), who retires by rotation and being eligible, offers herself for re-appointment
    Ordinary
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 8.39% · other public 0.40%

    Turnout: all 57.96% · promoters 82.42% · institutions 37.82% · other public 2.90%

  3. Re-appointment of M/s. Parikh Shah Chotalia & Associates, Vadodara as Statutory Auditors
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.44%

    Turnout: all 57.96% · promoters 82.42% · institutions 37.82% · other public 2.90%

  4. To ratify Remuneration to Cost Auditor
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.32%

    Turnout: all 57.96% · promoters 82.42% · institutions 37.82% · other public 2.90%

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 Mar 2024, 3 resolutions

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

  1. To approve the Appointment of Shri Tarak Patel (DIN: 00009568) as an Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.87%

    Turnout: all 56.49% · promoters 82.42% · institutions 15.74% · other public 0.34%

  2. To approve the Re-appointment and Remuneration of Shri Sharan M. Patel (DIN: 09151194) as Whole Time Director.
    Ordinary
    99.20% for0.80% against

    Against: promoters 0.00% · institutions 100.00% · other public 5.49%

    Turnout: all 56.21% · promoters 82.01% · institutions 15.74% · other public 0.34%

  3. To approve the Re-appointment and Remuneration of Smt. Himali H. Patel (DIN 07081636) as Whole Time Director
    Ordinary
    99.21% for0.79% against

    Against: promoters 0.00% · institutions 100.00% · other public 4.68%

    Turnout: all 56.49% · promoters 82.42% · institutions 15.74% · 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, 22 Sep 2023, 6 resolutions

Present: 5 promoters and 54 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31.03.2023
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 55.91% · promoters 80.22% · institutions 21.04% · other public 3.44%

  2. To declare a dividend at the rate of Rs. 14/- (Rupees Fourteen only) per Equity Share of Rs. 2/- (Rupees Two only) each fully paid-up of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 55.91% · promoters 80.22% · institutions 21.04% · other public 3.44%

  3. To appoint a Director in place of Shri Sharan M. Patel (DIN: 09151194), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.29% for0.71% against

    Against: promoters 0.00% · institutions 95.52% · other public 0.05%

    Turnout: all 55.91% · promoters 80.22% · institutions 21.04% · other public 3.44%

  4. To Appoint Shri Shivam M Patel (DIN: 09501828) as Director
    Ordinary
    99.29% for0.71% against

    Against: promoters 0.00% · institutions 95.52% · other public 0.07%

    Turnout: all 55.91% · promoters 80.22% · institutions 21.04% · other public 3.44%

  5. To ratify Remuneration to Cost Auditor
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 55.91% · promoters 80.22% · institutions 21.04% · other public 3.44%

  6. To consider revision in payment of commission to Non-Executive Independent Directors
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 55.91% · promoters 80.22% · institutions 21.04% · other public 3.44%

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

  • To receive, consider and adopt Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March 2026 including Balance Sheet as at 31st March 2026, the Statement of Profit and Loss and Cash Flow Statement for the year ended on 31st March, 2026 and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    1 for0 against
  • To appoint a director in place of Mr. Sharan M. Patel (DIN: 09151194), who retires by rotation and being eligible, offers himself for re-appointment.
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance concern: Skewed remuneration practice in favour of proposed appointee.
    0 for1 against
  • To declare dividend of 400% i.e. Rs.8/- per equity share of Rs. 2/- each for the financial year ended March 31, 2026.
    1 for0 against
  • Regularisation of appointment of Mr. Hiteshbhai Manubhai Patel (DIN: 11866196) as Director of the Company, liable to retire by rotation.
    1 for0 against
  • Appointment of Mr. Hiteshbhai Manubhai Patel (DIN: 11866196) as Whole-time Director (Key Managerial Personnel) of the Company.
    1 for0 against
  • Payment of commission to Mr. Shivam M. Patel (DIN: 09501828) Non-Executive, Non-Independent Director of the Company.
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance Concern: No absolute cap on proposed commission. Proposed commission at 1.5% of net profits appears excessive when compared with the payment to other Non-Executive Directors; Past payments excessive, more than 23 times compared to other non-promoter Non-Executive Directors; Low attendance at Board Meetings.
    0 for1 against
  • Ratification of Remuneration to Cost Auditor of the Company.
    1 for0 against

Mutual fund votes, meeting of 19 Sep 2025, 6 fund houses

  • To receive, consider and adopt Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025 including Balance Sheet as at 31st March, 2025, the Statement of Profit and Loss and Cash Flow Statement for the year ended on 31st March, 2025 and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    6 for0 against
  • To appoint a director in place of Mr. Mehul K. Patel (DIN: 01772099), who retires by rotation and being eligible, offers himself for re-appointment.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Nomination and Remuneration Committee member and Skewness in remuneration practice of the Company; Chairman related to Executive Director, may lead to concentration of power within a single family.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: NRC member and Skewness in remuneration practice of the Company; Chairman related to Executive Director, may lead to concentration of power within a single family.
    2 for4 against
  • Appointment of Secretarial Auditors of the Company and to fix their remuneration.
    6 for0 against
  • Ratification of Remuneration to Cost Auditor of the Company.
    6 for0 against
4 earlier meetings

Mutual fund votes, meeting of 28 Jun 2025, 6 fund houses

  • Regularisation of appointment of Mr. Venkata Ranganath Kumar Sami (DIN: 11090878) as Director of the Company.
    6 for0 against
  • Appointment of Mr. Venkata Ranganath Kumar Sami (DIN: 11090878) as Whole-time Director (Key Managerial Personnel) of the Company.
    6 for0 against
  • Payment of commission to Mr. Shivam M. Patel (DIN: 09501828) Non-Executive, Non-Independent Director of the Company.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundNo absolute cap on proposed commission. Proposed commission at 1.5% of net profits appears excessive when compared with the payment to other Non-Executive Directors.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance Concern: No absolute cap on proposed commission. Proposed commission at 1.5% of net profits appears excessive when compared with the payment to other NEDs.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    1 for5 against

Mutual fund votes, meeting of 26 Mar 2025, 4 fund houses

  • To approve the appointment of Mr. Pranav Patel (DIN: 00259728) as an Independent Director of the Company.
    4 for0 against
  • To approve the appointment of Mr. Anand Majmudar (DIN: 03019026) as an Independent Director of the Company.
    4 for0 against
  • To approve the re-appointment of Mrs. Ameeta V. Manohar (DIN: 00903232) as an Independent Director of the Company.
    4 for0 against
  • To approve revision in payment of Commission to Non-Executive Independent Directors.
    4 for0 against

Mutual fund votes, meeting of 19 Dec 2024, 4 fund houses

  • Issue of Bonus Shares
    4 for0 against
  • Payment of commission to Mr. Tarak Patel (DIN: 00009568) Non-Executive Independent Director of the Company
    4 for0 against
  • Revision in Remuneration of Mr. Sharan Mehul Patel (DIN: 09151194), Whole-time Director of the Company
    Against Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual FundProposed revision is compliant with law. Governance Concern: Skewed remuneration in favour of Promoter Director; Board discretion to alter and vary remuneration of promoter Director; No Absolute cap on variable pay.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    1 for3 against

Mutual fund votes, meeting of 20 Sep 2024, 3 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31.03.2024 including Balance Sheet as at 31.03.2024, the Statement of Profit and Loss and Cash Flow Statement for the year ended on 31.03.2024 and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    3 for0 against
  • To appoint a Director in place of Smt. Himali H. Patel (DIN 07081636), who retires by rotation and being eligible, offers herself for re-appointment
    3 for0 against
  • Re-appointment of M/s. Parikh Shah Chotalia & Associates, Vadodara as Statutory Auditors
    3 for0 against
1 proposal not matched to one resolution
  • Ratification of Remuneration of Rs. 45,000/- plus government taxes, as applicable and out- of- pocket expenses incurred by them in connection with the aforesaid audit payable to M/s. Y.S. Thakar and Co., Cost Accountants, Vadodara (FRN : 000318) appointed by the Board of Directors of the Company to conduct the audit of the Cost Records of the Company for the financial year 2024 - 25.MoreLess
    3 for0 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.