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Borosil MD, chairman, board of directors and AGM

NSE: BOROLTDBSE: 543212Consumer DurablesSmall Cap

Last close ₹235.85down ₹5.30 (2.20%)BSE ₹236.20

Share price at the NSE close on 23 Oct 2026. Previous close ₹241.15.

52-week range of traded prices to 23 Oct 2026
₹213.73Low, 23 Mar 2026₹363.40High, 4 Nov 2025
Market cap
₹2,820 Cr990th largest listed
P/E
40.3
P/B
3.2
Dividend yield
Nonein the last 12 months
ROE
8.3%
ROCE
7.7%
Debt to equity
0.15
Volume, NSE
1,72,13344.8% delivered

Borosil 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

  • ChairpersonPradeep Kumar Kheruka
  • Managing directorShreevar Kheruka
  • Company Secretary and Compliance OfficerPradeep Joshi

7 directors4 independent2 executive1 non-executive

  • Pradeep Kumar Kheruka · ChairpersonNon-executive · joined Jan 2016 · 3 listed boards · 5 committee seats, 1 as chair
  • Shreevar Kheruka · Managing directorExecutive · joined Jan 2016 · 3 listed boards · 4 committee seats, 2 as chair
  • Rajesh ChaudharyExecutive · joined Feb 2020 · 1 listed board
  • Anupa Rajiv SahneyIndependent · joined Feb 2020 · reappointed Feb 2025 · 79 months as independent · 3 listed boards · 3 as independent · 8 committee seats, 4 as chair
  • Kewal Kundanlal HandaIndependent · joined Feb 2020 · reappointed Feb 2025 · 79 months as independent · 5 listed boards · 5 as independent · 8 committee seats, 3 as chair
  • Kanwar Bir Singh AnandIndependent · joined Feb 2020 · reappointed Feb 2025 · 79 months as independent · 6 listed boards · 6 as independent · 8 committee seats, 3 as chair
  • Adarsh MenonIndependent · joined Nov 2024 · reappointed Nov 2024 · 22 months as independent · 1 listed board · 1 as independent

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 Sep 20266 of 7 present4 independent · 38 days in between
    • 14 Aug 20267 of 7 present4 independent · 31 days in between
    • 13 Jul 20266 of 7 present3 independent · 54 days in between
    • 19 May 20265 of 7 present3 independent

  • Audit Committee

    Chair Anupa Rajiv Sahney

    Pradeep Kumar Kheruka, Kewal Kundanlal Handa, Kanwar Bir Singh Anand

    • 14 Aug 20264 of 4 present3 independent · 86 days in between
    • 19 May 20263 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Kanwar Bir Singh Anand

    Pradeep Kumar Kheruka, Kewal Kundanlal Handa, Anupa Rajiv Sahney

    • 14 Aug 20263 of 4 present3 independent · 31 days in between
    • 13 Jul 20264 of 4 present3 independent · 54 days in between
    • 19 May 20263 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Pradeep Kumar Kheruka

    Shreevar Kheruka, Anupa Rajiv Sahney

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Kewal Kundanlal Handa

    Pradeep Kumar Kheruka, Shreevar Kheruka, Rajesh Chaudhary, Kanwar Bir Singh Anand, Rituraj Sharma

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Pradeep Kumar Kheruka

    Shreevar Kheruka, Anupa Rajiv Sahney, Kewal Kundanlal Handa

    • 22 Sep 20263 of 4 present2 independent · 125 days in between
    • 19 May 20263 of 4 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.

  • M/s. Chaturvedi & Shah LLPPeer-review certificate valid to Jun 2026

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.

Borosil 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.Borosil dividend history

Annual general meeting, 24 Sep 2026

74,287 shareholders on the register on 17 Sep 2026; present: 12 promoters and 71 others; votes counted by Dhrumil M. Shah / Dhrumil M. Shah & Co. LLP.The company's voting result (opens in a new tab)

  1. To consider and adopt a) the audited standalone financial statement of the Company for the financial year ended March 31, 2026, the report of the Board of Directors and Statutory Auditor thereon and b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2026 and report of Statutory Auditor thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.72% · promoters 99.99% · institutions 64.77% · other public 5.64%

  2. To consider the re-appointment of Mr. Rajesh Kumar Chaudhary (DIN: 07425111), who retires by rotation and, being eligible, offers himself for re-appointment.
    Ordinary
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 1.99% · other public 0.01%

    Turnout: all 70.72% · promoters 99.99% · institutions 64.77% · other public 5.64%

  3. To approve the re-appointment of M/s. Chaturvedi & Shah LLP, Chartered Accountants, as the Statutory Auditors of the Company
    Ordinary
    95.03% for4.97% against

    Against: promoters 0.00% · institutions 79.22% · other public 0.01%

    Turnout: all 70.72% · promoters 99.99% · institutions 64.77% · other public 5.62%

  4. To approve Material Related Party Transactions with Borosil Scientific Limited
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 5.88% · promoters 0.00% · institutions 64.77% · other public 5.10%

  5. To approve the continuation of the terms of remuneration of Mr. Shreevar Kheruka, Managing Director.
    Special
    99.71% for0.29% against

    Against: promoters 0.00% · institutions 4.65% · other public 0.04%

    Turnout: all 70.72% · promoters 99.99% · institutions 64.77% · other public 5.62%

  6. To approve raising of funds through further issue(s) of securities up to Rs. 250 crores.
    Special
    100.00% for0.00% against

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

    Turnout: all 70.55% · promoters 99.99% · institutions 64.77% · other public 5.06%

  7. To approve the amendments to ‘Borosil Limited - Employee Stock Option Scheme 2020’
    Special
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 1.63% · other public 0.02%

    Turnout: all 70.72% · promoters 99.99% · institutions 64.77% · other public 5.62%

  8. To approve secondary acquisition of shares through trust route for the implementation of ‘Borosil Limited - Employee Stock Option Scheme 2020’
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 70.72% · promoters 99.99% · institutions 64.77% · other public 5.62%

  9. To approve provision of money by the Company for purchase of its own shares by the trust under the ‘Borosil Limited - Employee Stock Option Scheme 2020’
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 70.72% · promoters 99.99% · institutions 64.77% · other public 5.62%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Jul 2025, 8 resolutions

76,275 shareholders on the register on 22 Jul 2025; present: 11 promoters and 75 others; votes counted by Dhrumil M. Shah / Dhrumil M. Shah & Co. LLP.The company's voting result (opens in a new tab)

  1. To consider and adopt (a) the audited standalone financial statement of the Company for the financial year ended March 31, 2025, the reports of the Board of Directors and Statutory Auditor thereon; and (b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2025 and report of the Statutory Auditor thereon (by way of ordinary resolutions).MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.11% · promoters 100.00% · institutions 57.87% · other public 5.95%

  2. To approve re-appointment of Mr. Pradeep Kumar Kheruka (DIN: 00016909), who retires by rotation and, being eligible, offers himself for re-appointment (by way of an ordinary resolution).
    Ordinary
    99.75% for0.25% against

    Against: promoters 0.00% · institutions 4.60% · other public 0.05%

    Turnout: all 70.11% · promoters 100.00% · institutions 57.87% · other public 5.95%

  3. To approve Material Related Party Transactions with Borosil Scientific Limited (by way of an ordinary resolution).
    OrdinaryPromoters have an interest in it
    97.96% for2.04% against

    Against: promoters 0.00% · institutions 2.94% · other public 0.01%

    Turnout: all 5.42% · promoters 0.00% · institutions 57.87% · other public 5.75%

  4. To appoint M/s. Dhrumil M. Shah & Co. LLP, Practicing Company Secretaries as Secretarial Auditor of the Company (by way of an ordinary resolution).
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.11% · promoters 100.00% · institutions 57.87% · other public 5.95%

  5. To approve the continuation of the Directorship of Mr. Pradeep Kumar Kheruka (DIN: 00016909) as a Non-executive Director of the Company beyond the age of 75 years (by way of a special resolution).
    Special
    99.75% for0.25% against

    Against: promoters 0.00% · institutions 4.60% · other public 0.04%

    Turnout: all 70.11% · promoters 100.00% · institutions 57.87% · other public 5.95%

  6. To approve re-appointment of Mr. Rajesh Kumar Chaudhary (DIN: 07425111), as Whole–time Director and Key Managerial Personnel (by way of an ordinary resolution).
    Ordinary
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 1.66% · other public 0.01%

    Turnout: all 70.11% · promoters 100.00% · institutions 57.87% · other public 5.95%

  7. To approve payment of remuneration to Mr. Rajesh Kumar Chaudhary (DIN: 07425111), as Whole–time Director and Key Managerial Personnel (by way of a special resolution).
    Special
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 1.66% · other public 0.01%

    Turnout: all 70.11% · promoters 100.00% · institutions 57.87% · other public 5.95%

  8. To approve raising of funds through further issue(s) of securities up to Rs. 250 crores (by way of a special resolution).
    Special
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 2.94% · other public 0.01%

    Turnout: all 70.11% · promoters 100.00% · institutions 57.87% · other public 5.95%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 25 Jan 2025, 4 resolutions

83,447 shareholders on the register on 20 Dec 2024; votes counted by Mr. Dhrumil M. Shah / M/s. Dhrumil M. Shah & Co. LLP.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Adarsh Menon (DIN: 10805162) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 71.02% · promoters 100.00% · institutions 67.88% · other public 7.21%

  2. Re-appointment of Mr. Kewal Handa (DIN: 00056826) as an Independent Director of the Company
    Special
    95.61% for4.39% against

    Against: promoters 0.00% · institutions 73.32% · other public 0.12%

    Turnout: all 71.01% · promoters 100.00% · institutions 67.88% · other public 7.20%

  3. Re-appointment of Mr. Kanwar Bir Singh Anand (DIN: 03518282) as an Independent Director of the Company
    Special
    95.61% for4.39% against

    Against: promoters 0.00% · institutions 73.32% · other public 0.12%

    Turnout: all 71.01% · promoters 100.00% · institutions 67.88% · other public 7.20%

  4. Re-appointment of Mrs. Anupa Sahney (DIN: 00341721) as an Independent Director of the Company
    Special
    95.59% for4.41% against

    Against: promoters 0.00% · institutions 73.69% · other public 0.09%

    Turnout: all 71.01% · promoters 100.00% · institutions 67.88% · other public 7.19%

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 2024, 4 resolutions

Present: 12 promoters and 82 others.The company's voting result (opens in a new tab)

  1. To consider and adopt a) the audited standalone financial statement of the Company for the financial year ended March 31, 2024, the reports of the Board of Directors and Statutory Auditor thereon; and b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2024 and report of Statutory Auditor thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.12% · promoters 100.00% · institutions 63.27% · other public 8.67%

  2. To approve re-appointment of Mr. Rajesh Kumar Chaudhary (DIN: 07425111), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 71.12% · promoters 100.00% · institutions 63.27% · other public 8.66%

  3. To approve purchase of glassware products from Borosil Scientific Limited
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 6.33% · promoters 0.00% · institutions 63.27% · other public 8.44%

  4. To approve purchase and sale of raw materials, packing materials, stores, spares, other finished goods & services and functional support / shared services transactions between the Company & Borosil Scientific LimitedMoreLess
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 6.33% · promoters 0.00% · institutions 63.27% · other public 8.44%

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.

Extraordinary general meeting, 20 Feb 2024, 1 resolution

Present: 12 promoters and 59 others.The company's voting result (opens in a new tab)

  1. To raise capital by way of a qualified institutions placement to eligible investors through issuance of equity shares and/or other eligible securities
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 74.35% · promoters 100.00% · institutions 91.74% · other public 7.52%

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, 25 Jul 2023, 5 resolutions

Present: 11 promoters and 97 others.The company's voting result (opens in a new tab)

  1. 1 (a) To consider and adopt the Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2023, the reports of the Board of Directors and Statutory Auditor thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.08% · promoters 99.99% · institutions 87.85% · other public 13.71%

  2. 1 (b) To consider and adopt the audited consolidated financial statement of the Company for the financial year ended March 31, 2023 and report of Statutory Auditor thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.08% · promoters 99.99% · institutions 87.85% · other public 13.71%

  3. 2. To approve re-appointment of Mr. Pradeep Kumar Kheruka (DIN: 00016909), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 2.42% · other public 0.01%

    Turnout: all 76.08% · promoters 99.99% · institutions 87.85% · other public 13.71%

  4. 3. To approve purchase of consumer glass ware products from Klass Pack Limited.
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 5.66% · promoters 0.00% · institutions 87.85% · other public 13.19%

  5. 4. To approve functional support / shared service transactions between the Company and Klass Pack Limited.
    Ordinary
    98.26% for1.74% against

    Against: promoters 0.00% · institutions 4.82% · other public 0.01%

    Turnout: all 5.64% · promoters 0.00% · institutions 86.73% · other public 13.19%

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.

Meeting called by the tribunal, 6 Feb 2023, 1 resolution

Present: 10 promoters and 62 others.The company's voting result (opens in a new tab)

  1. To consider and approve the proposed Composite Scheme ofnArrangement amongst Borosil Limited and Klass Pack Limited and Borosil TechnologiesnLimited and their respective shareholders and creditors.
    Special
    100.00% for0.00% against

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

    Turnout: all 74.07% · promoters 100.00% · institutions 89.68% · other public 6.34%

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, 13 Jul 2022, 8 resolutions

Present: 11 promoters and 83 others.The company's voting result (opens in a new tab)

  1. 1 (a) To consider and adopt the audited standalone financial statement of the Company for the financial year ended March 31, 2022, the reports of the Board of Directors and Statutory Auditor thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.02% · promoters 100.00% · institutions 85.05% · other public 6.41%

  2. 1 (b) To consider and adopt the audited consolidated financial statement of the Company for the financial year ended March 31, 2022 and report of the Statutory Auditor thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.02% · promoters 100.00% · institutions 85.05% · other public 6.41%

  3. 2) To approve re-appointment of Mr. Rajesh Kumar Chaudhary (DIN: 07425111), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.54% · other public 0.02%

    Turnout: all 74.02% · promoters 100.00% · institutions 85.05% · other public 6.41%

  4. 3) To approve revision in terms of remuneration of Mr. Shreevar Kheruka (DIN: 01802416), Managing Director & Chief Executive Officer and Key Managerial Personnel of the Company for his current term i.e. from April 1, 2022 to February 11, 2023MoreLess
    Special
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 7.18% · other public 0.19%

    Turnout: all 74.02% · promoters 100.00% · institutions 85.05% · other public 6.41%

  5. 4) To approve re-appointment of Mr. Shreevar Kheruka (DIN: 01802416) as a Managing Director & Chief Executive Officer and Key Managerial Personnel of the Company for a period of 5 years i.e. from February 12, 2023 to February 11, 2028MoreLess
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.54% · other public 0.02%

    Turnout: all 74.02% · promoters 100.00% · institutions 85.05% · other public 6.41%

  6. 5) To approve payment of remuneration to Mr. Shreevar Kheruka (DIN: 01802416) in his capacity as a Managing Director & Chief Executive Officer and Key Managerial Personnel of the Company for a period of 5 years i.e. from February 12, 2023 to February 11, 2028MoreLess
    Special
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 7.18% · other public 0.05%

    Turnout: all 74.02% · promoters 100.00% · institutions 85.05% · other public 6.41%

  7. 6) To approve re-appointment of Mr. Rajesh Kumar Chaudhary (DIN: 07425111) as a Whole-Time Director and Key Managerial Personnel of the Company for a period of 3 years i.e. from February 12, 2023 to February 11, 2026MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 74.02% · promoters 100.00% · institutions 85.05% · other public 6.41%

  8. 7) To approve payment of remuneration of Mr. Rajesh Kumar Chaudhary (DIN: 07425111) in his capacity as a Whole-Time Director and Key Managerial Personnel of the Company for a period of 3 years i.e. from February 12, 2023 to February 11 , 2026MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 74.02% · promoters 100.00% · institutions 85.05% · other public 6.41%

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 24 Sep 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To consider and adopt a) the audited standalone financial statement of the Company for the financial year ended March 31, 2026, the report of the Board of Directors and Statutory Auditor thereon and b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2026 and report of Statutory Auditor thereon.MoreLess
    2 for0 against
  • To consider the re-appointment of Mr. Rajesh Kumar Chaudhary (DIN: 07425111), who retires by rotation and, being eligible, offers himself for re-appointment.
    2 for0 against
  • To approve the re-appointment of M/s. Chaturvedi & Shah LLP, Chartered Accountants, as the Statutory Auditors of the Company
    Against DSP Mutual Fund
    • DSP Mutual FundThe company proposes to reappoint Chaturvedi & Shah LLP for a second term of five years from conclusion of FY26 AGM. Chaturvedi & Shah were the auditors of erstwhile Borosil Glass Works Limited till FY16 and the auditors of erstwhile Gujarat Borosil Limited, a group company, from FY17 till FY19. They were subsequently appointed as auditors of Borosil Renewables, group company, and the company for five years from FY22. If the proposed appointment is approved, their aggregate association with the group will exceed ten years. Given the extended association of the auditor with group companies, we believe the appointment is not in keeping with the spirit of Section 139 of the Companies Act, 2013, which expects auditors to be rotated every ten years. The firm were paid a remuneration of Rs. 8.2 mn in FY26. We expect the company to disclose fees payable to statutory auditor for FY27 in absolute terms. We do not support the resolution.
    1 for1 against
  • To approve Material Related Party Transactions with Borosil Scientific Limited
    2 for0 against
  • To approve the continuation of the terms of remuneration of Mr. Shreevar Kheruka, Managing Director.
    Against Quantum Mutual Fund
    • Quantum Mutual FundThe company seeks shareholders’ approval for payment of remuneration to Shreevar Kheruka, Managing Director, from 12 February 2026 to 11 February 2028 in excess of regulatory thresholds. He is part of promoter group. As per his remuneration terms his salary can be in the range of Rs. 132.5 – 196.0 mn, which is ~13 – 20% of FY26 PBT (standalone). His remuneration is high for the size and complexity of business. Given the high remuneration we do not support the resolution.
    1 for1 against
  • To approve raising of funds through further issue(s) of securities up to Rs. 250 crores.
    2 for0 against
  • To approve the amendments to ‘Borosil Limited - Employee Stock Option Scheme 2020’
    2 for0 against
  • To approve secondary acquisition of shares through trust route for the implementation of ‘Borosil Limited - Employee Stock Option Scheme 2020’
    2 for0 against
  • To approve provision of money by the Company for purchase of its own shares by the trust under the ‘Borosil Limited - Employee Stock Option Scheme 2020’
    2 for0 against

Mutual fund votes, meeting of 29 Jul 2025, 6 fund houses

  • To consider and adopt (a) the audited standalone financial statement of the Company for the financial year ended March 31, 2025, the reports of the Board of Directors and Statutory Auditor thereon; and (b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2025 and report of the Statutory Auditor thereon (by way of ordinary resolutions).MoreLess
    6 for0 against
  • To approve re-appointment of Mr. Pradeep Kumar Kheruka (DIN: 00016909), who retires by rotation and, being eligible, offers himself for re-appointment (by way of an ordinary resolution).
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Chairperson related to the Managing Director; such positions may blur the demarcation between the Board & the Management.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Chairperson related to the Managing Director; such positions may blur the demarcation between the Board & the Management.
    2 for4 against
  • To approve Material Related Party Transactions with Borosil Scientific Limited (by way of an ordinary resolution).
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Non-Disclosure of Basis of Arm’s Length Pricing.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Non-Disclosure of Basis of Arm’s Length Pricing.
    2 for4 against
  • To appoint M/s. Dhrumil M. Shah & Co. LLP, Practicing Company Secretaries as Secretarial Auditor of the Company (by way of an ordinary resolution).
    6 for0 against
  • To approve the continuation of the Directorship of Mr. Pradeep Kumar Kheruka (DIN: 00016909) as a Non-executive Director of the Company beyond the age of 75 years (by way of a special resolution).
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Chairperson related to the Managing Director; such positions may blur the demarcation between the Board & the Management.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Chairperson related to the Managing Director; such positions may blur the demarcation between the Board & the Management.
    2 for4 against
  • To approve re-appointment of Mr. Rajesh Kumar Chaudhary (DIN: 07425111), as Whole–time Director and Key Managerial Personnel (by way of an ordinary resolution).
    6 for0 against
  • To approve payment of remuneration to Mr. Rajesh Kumar Chaudhary (DIN: 07425111), as Whole–time Director and Key Managerial Personnel (by way of a special resolution).
    6 for0 against
  • To approve raising of funds through further issue(s) of securities up to Rs. 250 crores (by way of a special resolution).
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Significant dilution without compelling reason; the Company should explain as to why Rights Issue was not opted for raising of funds.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Significant dilution without compelling reason; the Company should explain as to why Rights Issue was not opted for raising of funds.
    2 for4 against
3 earlier meetings

Mutual fund votes, meeting of 25 Jan 2025, 4 fund houses

  • Appointment of Mr. Adarsh Menon (DIN: 10805162) as an Independent Director of the Company
    4 for0 against
  • Re-appointment of Mr. Kewal Handa (DIN: 00056826) as an Independent Director of the Company
    Against Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundRe-appointment compliant with law. No issues on the merits of appointee. Governance Concern: The proposed term will lead to prolonged association.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    0 for4 against
  • Re-appointment of Mr. Kanwar Bir Singh Anand (DIN: 03518282) as an Independent Director of the Company
    Against Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundRe-appointment compliant with law. No issues on the merits of appointee. Governance Concern: The proposed term will lead to prolonged association.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    0 for4 against
  • Re-appointment of Mrs. Anupa Sahney (DIN: 00341721) as an Independent Director of the Company
    Against Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundAppointment compliant with law. No concerns on merit of appointee. Governance Concern: Prolonged association with the Group.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    0 for4 against

Mutual fund votes, meeting of 24 Sep 2024, 1 fund house

  • To consider and adopt a) the audited standalone financial statement of the Company for the financial year ended March 31, 2024, the reports of the Board of Directors and Statutory Auditor thereon; and b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2024 and report of Statutory Auditor thereonMoreLess
    1 for0 against
  • To approve re-appointment of Mr. Rajesh Kumar Chaudhary (DIN: 07425111), who retires by rotation and being eligible, offers himself for re-appointment
    1 for0 against
  • To approve purchase of glassware products from Borosil Scientific Limited
    1 for0 against
  • To approve purchase and sale of raw materials, packing materials, stores, spares, other finished goods & services and functional support / shared services transactions between the Company & Borosil Scientific LimitedMoreLess
    1 for0 against

Mutual fund votes, meeting of 20 Feb 2024, 1 fund house

  • To raise capital by way of a qualified institutions placement to eligible investors through issuance of equity shares and/or other eligible securities
    1 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

At most 2 complaints open, quarter to Dec 2024.
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
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.