Bosch Home Comfort India MD, chairman, board of directors and AGM
NSE: BOSCH-HCILBSE: 523398Consumer DurablesSmall Cap
Formerly Johnson Controls - Hitachi Air Conditioning India
Last close ₹1,643.30down ₹94.20 (5.42%)BSE ₹1,640.40
Share price at the NSE close on 23 Oct 2026. Previous close ₹1,737.50.
52-week range of traded prices to 23 Oct 2026
₹1,021.30Low, 30 Mar 2026₹2,037.00High, 8 Oct 2026
- Next results date: the board meets on 2 Nov 2026 to consider: financial results.
- 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.
- ₹4,468 Cr892nd 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 6 Aug 2026
- 956.8
- 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 −₹15 crore of one-off items, the largest of them in the quarter to Sep 2025.
- 226.6
- 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 20 May 2026
- 8.9
- 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 6 Aug 2026
- 0.8%
- 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 −₹15 crore of one-off items, the largest of them in the quarter to Sep 2025.
- 3.5%
- 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 6 Aug 2026
- 3.0%
- 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 20 May 2026
- 0.12
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 49,69237.8% delivered
Bosch Home Comfort India 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
- ChairpersonMARCEL HEESE
- Managing directorSANJAY SUDHAKARAN
- Company Secretary and Compliance OfficerParag Dave
5 directors2 independent2 executive1 non-executive
- MARCEL HEESE · ChairpersonNon-executive · joined May 2026 · 1 listed board · 1 committee seat, 1 as chair
- RISHI MEHTAExecutive · joined Apr 2026 · 1 listed board · 1 committee seat
- SANJAY SUDHAKARAN · Managing directorExecutive · joined Jul 2023 · 1 listed board · 1 committee seat
- ANIL SHANKARIndependent · joined Jul 2024 · reappointed Jul 2024 · 38 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- RAMAN MADHOKIndependent · joined Apr 2024 · reappointed Apr 2024 · 42 months as independent · 1 listed board · 1 as independent · 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.
3 directors who left
- SHALINI KAMATH, left 30 Sep 2026: Tenure Completion
- NOBUYUKI TAO, left 28 Feb 2026: Others
- YOSHIKAZU ISHIHARA, left 28 Feb 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 30 Sep 20266 of 6 present3 independent · 54 days in between
- 6 Aug 20266 of 6 present3 independent · 78 days in between
- 19 May 20266 of 6 present3 independent
Audit Committee
Chair ANIL SHANKAR
RAMAN MADHOK, RISHI MEHTA
- 6 Aug 20264 of 4 present3 independent · 78 days in between
- 19 May 20264 of 4 present3 independent
Nomination and remuneration committee
Chair RAMAN MADHOK
ANIL SHANKAR, MARCEL HEESE
- 30 Sep 20263 of 3 present2 independent · 134 days in between
- 18 May 20262 of 2 present2 independent
Stakeholders Relationship Committee
Chair MARCEL HEESE
SANJAY SUDHAKARAN, ANIL SHANKAR
- 6 Aug 20262 of 3 present1 independent · 79 days in between
- 18 May 20262 of 2 present1 independent
Risk Management Committee
Chair RAMAN MADHOK
SANJAY SUDHAKARAN, RISHI MEHTA, MARCEL HEESE
- 6 Aug 20264 of 4 present1 independent · 40 days in between
- 26 Jun 20264 of 4 present1 independent
Corporate Social Responsibility Committee
Chair SANJAY SUDHAKARAN
RISHI MEHTA
- 26 Jun 20263 of 3 present1 independent
ESG Committee
Chair SANJAY SUDHAKARAN
SHALINI KAMATH, RISHI MEHTA
- 5 Aug 20263 of 3 present1 independent · 39 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 B C & CompanyPeer-review certificate valid to Feb 2029
1 earlier auditor
- Price Waterhouse & CompanyNamed 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.
Bosch Home Comfort India 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.Bosch Home Comfort India dividend history
Annual general meeting, 22 Sep 2026
34,438 shareholders on the register on 15 Sep 2026; present: 1 promoter and 44 others; votes counted by TEJAL SHAH / TEJAL SHAH & ASSOCIATES.The company's voting result (opens in a new tab)
- To adopt Audited Balance Sheet as at 31st March, 2026, Statement of Profit and Loss for the year ended on that date and the Report of Board of Directors and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 81.09% · promoters 99.63% · institutions 68.16% · other public 5.73%
- To appoint a Director in place of Mr. Rishi Mehta (DIN 11607145), who retires by rotation and being eligible, offers himself for re-appointmentOrdinary99.92% for0.08% against
Against: promoters 0.00% · institutions 1.13% · other public 0.12%
Turnout: all 81.09% · promoters 99.63% · institutions 68.16% · other public 5.73%
- To ratify the remuneration of Rs. 1.70 Lacs to be paid to Cost Auditors, Kiran J Mehta & Company, for the financial year from 1st April, 2026 to 31st March, 2027Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 81.09% · promoters 99.63% · institutions 68.16% · other public 5.73%
- To re-appoint Spanj & Associates as Secretarial Auditor for the period of 5 (Five) years from 2026-27 to 2030-31Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 81.09% · promoters 99.63% · institutions 68.16% · other public 5.73%
- To re-appoint Statutory Auditors from the conclusion of the AGM to be held in the year 2026 till the conclusion of the AGM to be held in the year 2030Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 81.09% · promoters 99.63% · institutions 68.16% · other public 5.73%
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 Jun 2026, 4 resolutions
31,855 shareholders on the register on 15 Jun 2026; votes counted by TEJAL SHAH / TEJAL SHAH & ASSOCIATES.The company's voting result (opens in a new tab)
- Appointment of Mr. Marcel Heese (DIN: 11705158) as a Director of the CompanyOrdinary99.96% for0.04% against
Against: promoters 0.00% · institutions 2.63% · other public 0.19%
Turnout: all 76.27% · promoters 90.31% · institutions 32.08% · other public 5.75%
- Appointment of Mr. Rishi Mehta (DIN: 11607145) as a Director of the CompanyOrdinary99.76% for0.24% against
Against: promoters 0.00% · institutions 14.89% · other public 0.17%
Turnout: all 76.27% · promoters 90.31% · institutions 32.08% · other public 5.75%
- Appointment of Mr. Rishi Mehta (DIN: 11607145) as an Executive Director-Finance and CFO of the CompanySpecial99.37% for0.63% against
Against: promoters 0.00% · institutions 39.58% · other public 0.17%
Turnout: all 76.27% · promoters 90.31% · institutions 32.08% · other public 5.75%
- Re-appointment of Mr. Sanjay Sudhakaran (DIN 00212610) as a Managing Director of the CompanySpecial99.37% for0.63% against
Against: promoters 0.00% · institutions 39.58% · other public 0.19%
Turnout: all 76.27% · promoters 90.31% · institutions 32.08% · other public 5.75%
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 22 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- To adopt Audited Balance Sheet as at 31st March, 2026, Statement of Profit and Loss for the year ended on that date and the Report of Board of Directors and Auditors thereon1 for0 against
- To appoint a Director in place of Mr. Rishi Mehta (DIN 11607145), who retires by rotation and being eligible, offers himself for re-appointment1 for0 against
- To ratify the remuneration of Rs. 1.70 Lacs to be paid to Cost Auditors, Kiran J Mehta & Company, for the financial year from 1st April, 2026 to 31st March, 20271 for0 against
- To re-appoint Spanj & Associates as Secretarial Auditor for the period of 5 (Five) years from 2026-27 to 2030-311 for0 against
1 proposal not matched to one resolution
- 5) Reappoint S R B C & CO LLP, as statutory auditors for four years from FY27 and fix their remuneration1 for0 against
Mutual fund votes, meeting of 19 Jun 2026, 3 fund houses
- Appointment of Mr. Marcel Heese (DIN: 11705158) as a Director of the Company
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundNo concern identified w.r.t. the merit of the proposed appointee. Technical Non-Compliance: Non-Disclosure of Director’s Profile in the Explanatory Statement forming part of the Notice, as required under SS-2 and SEBI LODR Regulations.
2 for1 against - Appointment of Mr. Rishi Mehta (DIN: 11607145) as a Director of the Company
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundNo concern identified w.r.t. the merit of the proposed director. Technical Non-Compliance: Non-Disclosure of Director Profile as required under SS-2 and SEBI LODR. Inadequate disclosures for shareholders’ informed decision making.
2 for1 against - Appointment of Mr. Rishi Mehta (DIN: 11607145) as an Executive Director-Finance and CFO of the Company
Against HSBC Mutual Fund, Motilal Oswal Mutual Fund
- HSBC Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns: • Rishi Mehta is an executive director serving on the audit committee. • The company has not disclosed the quantum of stock options which the executive is entitled to receive or the performance metrics and targets on which such incentive would be based. This could lead to discretionary payouts. • The company is seeking a blanket approval for the payment of minimum remuneration to the executive, notwithstanding the company's financial performance. • There are no disclosures on the threshold and target performance that he needs to achieve to determine the variable performance pay element. • His estimated pay is deemed to be aggressively positioned considering the nature, scale and size of the business, and not commensurate to that paid by companies operating in similar line of business.
- Motilal Oswal Mutual FundNo concern identified w.r.t. the merit of the proposed director. Technical Non-Compliance: Non-Disclosure of Director Profile as required under SS-2 and SEBI LODR. Inadequate disclosures for shareholders’ informed decision making.
1 for2 against - Re-appointment of Mr. Sanjay Sudhakaran (DIN 00212610) as a Managing Director of the Company
Against HSBC Mutual Fund, Motilal Oswal Mutual Fund
- HSBC Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns in the executive's remuneration: • The company has not disclosed the quantum of stock options which the executive is entitled to receive or the performance metrics and targets on which such incentive would be based. This could lead to discretionary payouts. • The company is seeking a blanket approval for the payment of minimum remuneration to Sanjay Sudhakaran, notwithstanding the company's financial performance. • There are no disclosures on the threshold and target performance that he needs to achieve to determine the variable performance pay element. • Past pay of the executive has not been aligned with company's performance. • His estimated pay is deemed to be aggressively positioned considering the nature, scale and size of the business, and not commensurate to that paid by companies operating in similar line of business
- Motilal Oswal Mutual FundNo concern identified w.r.t. the merit of the proposed directors. Technical Non-Compliance: Non-Disclosure of Director Profile as required under SS-2 and SEBI LODR. Inadequate disclosures for shareholders’ informed decision making. Governance concern: The proposed remuneration appears excessive when compared to the performance of the Company, without adequate justification by the Company. Further, the minimum remuneration payable during loss or inadequate profits, includes variable component; payment of variable pay in case of loss/ inadequate profit does not appear to be aligned with the Company’s performance.
1 for2 against
6 earlier meetings
Mutual fund votes, meeting of 17 Oct 2025, 11 fund houses
Appoint S R B C & Co LLP as statutory auditors till the conclusion of the 2026 AGM to fill the casual vacancy cause by the resignation of Price Waterhouse & Co Chartered Accountants LLP and fix their remunerationMoreLess
2 for0 against- Approve change in name of the company to ‘Bosch Home Comfort India Limited’ and consequent amendment to the Memorandum of Association (MoA) and the Articles of Association (AoA)2 for0 against
- Approve S R B C & CO LLP, Chartered Accountants as Statutory Auditors and Authorize Board to Fix Their Remuneration1 for0 against
- Change Company Name and Amend Memorandum and Articles of Association1 for0 against
- Change the name of the Company from Johnson Controls-Hitachi Air Conditioning India Limited to the new name Bosch Home Comfort India Limited.8 for0 against
To approve appointment of M/s. S R B C and CO LLP, Chartered Accountants (Firm Registration No: 324982E/E300003) as Statutory Auditors of the Company to fill casual vacancy caused by the resignation of M/s. Price Waterhouse and Co. Chartered Accountants LLP (Firm Registration No. 304026E / E300009) for conducting audit for the Financial year 2025-26 and to hold office as the Statutory Auditors of the Company till the conclusion of the next Annual General Meeting of the Company to be held in calendar year 2026 on such remuneration as may be determined by the Board as per recommendation of Audit Committee.MoreLess
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundProposed audit fee payable to Statutory Auditors not disclosed. Transparency Concern: It cannot be ascertained as to whether there is any material change between the fee paid to the proposed auditors as against the outgoing auditors.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on merit of the proposed Statutory Auditors. Non-Compliant with Regulation 36(5) of SEBI LODR: Proposed audit fee payable to Statutory Auditors not disclosed. Transparency Concern: It cannot be ascertained as to whether there is any material change between the fee paid to the proposed auditors as against the outgoing auditors.
- LIC Mutual FundConcerns over Proposed audit fee payable to Statutory Auditors not disclosed. Transparency Concern: It cannot be ascertained as to whether there is any material change between the fee paid to the proposed auditors as against the outgoing auditors.
3 for5 against
Mutual fund votes, meeting of 25 Jun 2025, 11 fund houses
- Accept Financial Statements and Statutory Reports1 for0 against
- Adoption of financial statements for the year ended 31 March 20252 for0 against
- Appoint SPANJ & Associates as secretarial auditors for one year from 1 April 2025 to 31 March 2026 and fix their remuneration2 for0 against
Appointment of M/s. SPANJ and Associates, (Firm Registration No. P2014GJ034800) Company Secretaries, as Secretarial Auditors of the Company for a period of 1 (One) year from 1st April, 2025 to 31st March, 2026 at a remuneration of Rs. 1,50,000/- plus GST and reimbursement of actual travel and out-of-pocket expenses.MoreLess
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundNon-Disclosure of Credentials of proposed Secretarial Auditor; Appointment of Secretarial auditor proposed for term of one year only.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on merit of the proposed Secretarial Auditors. Non-Compliant with SEBI LODR Regulation, 2015: Non-Disclosure of Credentials of proposed Secretarial Auditor; Appointment of Secretarial auditor proposed for term of 1 year only.
4 for4 against- Approve Dividends1 for0 against
- Approve final dividend of Rs. 15.0 per equity share of face value of Rs. 10.0 for FY252 for0 against
- Approve Material Related Party Transactions with Highly Electrical Appliances India Pvt. Ltd1 for0 against
Approve related party transactions with Highly Electrical Appliances India Pvt Ltd. for three years from FY26 to FY28 up to Rs. 4.0 bn annually or 15% of the turnover of the previous year, whichever is higherMoreLess
2 for0 against- Approve Remuneration of Cost Auditors1 for0 against
- Approve revision in remuneration as minimum remuneration of Sanjay Sudhakaran (DIN: 00212610) as Managing Director till the end of his tenure on 30 June 20262 for0 against
- Approve Revision in Remuneration of Sanjay Sudhakaran as Managing Director
Against HSBC Mutual Fund
- HSBC Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns in the executive's remuneration: • Sanjay Sudhakaran will be paid minimum remuneration, irrespective of the company's financial performance during his remaining tenure. • His estimated pay is not in line with market standards and does not commensurate with the company's scale and size of operations. • Company has failed to provide sufficient justification to reward the executive with special one-time performance bonus over and above the remuneration. • The overall pay cap of the executive has been increased by 200% compared to last approved pay structure, two years ago, without a compelling rationale. • There are no disclosures on the threshold and target performance that he needs to achieve to determine the performance pay element.
0 for1 against - Approve SPANJ & Associates, Company Secretaries as Auditors and Authorize Board to Fix Their Remuneration
Against HSBC Mutual Fund
- HSBC Mutual FundA vote AGAINST this resolution is warranted as proposed term of appointment is not in line with regulatory requirement
0 for1 against Material related party transactions, in the nature of purchase of materials, which are in the ordinary course of Company’s business and on arm’s length basis (Transactions), entered into or to be entered into with Highly Electrical Appliances India Pvt. Ltd., upto financial year ended 31st March, 2028 upto the aggregate amount of all transactions during any financial year shall not exceed INR 450 Crores or 15% of the turnover of the previous audited financial statements, whichever is higher.MoreLess
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundOmnibus approval sought for a duration of more than one year. Governance Concern: Inadequate disclosures with respect to the basis of arm’s length pricing.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliant with SEBI Circular: Omnibus approval sought for a duration of more than one year. Governance Concern: Inadequate disclosures with respect to the basis of arm’s length pricing.
4 for4 againstRatification of remuneration of Rs. 1,70,000/- plus GST and reimbursement of actual travel and out-of-pocket expenses payable to M/s. Kiran J Mehta and Co. (FRN - 000025), Cost Accountants, appointed by the Board of Directors of the Company to conduct the Audit of Cost records of the Company for the financial year from 1st April, 2025 to 31st March, 2026.MoreLess
8 for0 against- Ratify remuneration of Rs. 170,000 to Kiran J Mehta & Co., as cost auditor for FY262 for0 against
- Reappoint Yoshikazu Ishihara (DIN: 07998690) as Non-Executive Non-Independent Director, liable to retire by rotation2 for0 against
- Reelect Yoshikazu Ishihara as Director1 for0 against
- Revision in the remuneration payable to Mr. Sanjay Sudhakaran (DIN 00212610) as Managing Director of the Company for the remaining tenure of his office.
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance concern: Significant potential increase in revised remuneration without adequate justification; Proposed remuneration payable as the minimum remuneration during loss or inadequate profits.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Significant potential increase in revised remuneration without adequate justification; Proposed remuneration payable as the minimum remuneration during loss or inadequate profits.
4 for4 against - To appoint a Director in place of Mr. Yoshikazu Ishihara (DIN 07998690), who retires by rotation and being eligible, offers himself for re-appointment.8 for0 against
- To consider and adopt the audited financial statements of the Company for the financial year ended 31st March, 2025 and the reports of Board of Directors and Auditors thereon.8 for0 against
- To declare Final Dividend of INR 15/- per Equity Share (i.e. 150%) for the Financial Year ended 31st March, 2025.8 for0 against
Mutual fund votes, meeting of 19 Sep 2024, 8 fund houses
- Accept Financial Statements and Statutory Reports1 for0 against
- Adoption of financial statements for the year ended 31 March 20242 for0 against
- Appoint Anil Shankar (DIN: 02143156) as Independent Director from 30 July 2024 upto 30 September 20272 for0 against
- Appointment of Mr. Anil Shankar (DIN: 02143156) as an Independent Non - Executive Director of the Company for a period from 30th July, 2024, to 30th September, 2027.5 for0 against
- Approve Remuneration of Cost Auditors1 for0 against
- Elect Anil Shankar as Director1 for0 against
Ratification of remuneration of Rs. 1,50,000/- plus GST and reimbursement of actual travel and out - of - pocket expenses payable to M/s. Kiran J Mehta and Co. (FRN - 000025), Cost Accountants, appointed by the Board of Directors of the Company to conduct the Audit of Cost records of the Company for the financial year from 1st April, 2024 to 31st March, 2025.MoreLess
5 for0 against- Ratify remuneration of Rs. 150,000 to Kiran J Mehta & Co., as cost auditor for FY252 for0 against
- Reappoint Nobuyuki Tao (DIN: 08080705) as Non-Executive Non-Independent Director, liable to retire by rotation2 for0 against
- Reelect Nobuyuki Tao as Director1 for0 against
- To appoint a Director in place of Mr. Nobuyuki Tao (DIN: 08080705), who retires by rotation and being eligible, offers himself for re-appointment.5 for0 against
- To consider and adopt the audited financial statements of the Company for the financial year ended 31st March, 2024 and the reports of Board of Directors and Auditors thereon.5 for0 against
Mutual fund votes, meeting of 11 Jun 2024, 5 fund houses
- Appoint Raman Madhok (DIN: 00672492) as Independent Director from 1 April 2024 till 30 September 20272 for0 against
Appointment of Mr. Raman Madhok (DIN: 00672492) as an Independent Director, to hold office for a period from 1st April, 2024 to 30th September, 2027 whose period of office as a director is not liable to retire by rotation.MoreLess
2 for0 against- Elect Raman Madhok Director1 for0 against
Mutual fund votes, meeting of 14 Sep 2023, 6 fund houses
- Item 1, as a fund house numbered it1 for0 against
- Item 2, as a fund house numbered it1 for0 against
- Item 3, as a fund house numbered it1 for0 against
- Item 4, as a fund house numbered it1 for0 against
- Item 5, as a fund house numbered it1 for0 against
- Item 6, as a fund house numbered it1 for0 against
- Item 7, as a fund house numbered it1 for0 against
- Item 8, as a fund house numbered it1 for0 against
- Accept Financial Statements and Statutory Reports1 for0 against
- Adoption of financial statements for the year ended 31 March 20232 for0 against
- Appoint Arpit Patel (DIN: 01915274) as Independent Director for five years from 1 October 20232 for0 against
- Appoint Nobuyuki Tao (DIN: 08080705) as Non-Executive Non-Independent Director from 30 June 2023, liable to retire by rotation2 for0 against
- Appoint Sanjay Sudhakaran (DIN 00212610), as Director from 1 July 2023, not liable to retire by rotation2 for0 against
- Appoint Sanjay Sudhakaran (DIN 00212610), as Managing Director for three years from 1 July 2023 and fix his remuneration as minimum remuneration2 for0 against
Appointment of Mr. Arpit Kantilal Patel (DIN 01915274) as an Independent Non-Executive Director of the Company for a term of five consecutive years with effect from October 1, 2023, to September 30, 2028.MoreLess
2 for0 against- Appointment of Mr. Arpit Kantilal Patel DIN 01915274 as an Independent NonExecutive Director of the Company.1 for0 against
- Appointment of Mr. Nobuyuki Tao (DIN 08080705) as a Director and the period of his office shall be liable to determination by retirement of directors by rotation.2 for0 against
- Appointment of Mr. Sanjay Sudhakaran (DIN 00212610) as a Director and the period of his office shall not be liable to determination by retirement of directors by rotation.
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundGovernance & Transparency concern identified.
1 for1 against - Appointment of Mr. Sanjay Sudhakaran (DIN 00212610) as the Managing Director of the Company for a period of 3 years with effect from July 1, 2023 and including remuneration.
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundGovernance & Transparency concern identified.
1 for1 against - Approve Appointment and Remuneration of Sanjay Sudhakaran as Managing Director
Against HSBC Mutual Fund
- HSBC Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns in the executive's remuneration:- Sanjay Sudhakaran's pay structure does not provide a split of the fixed and variable remuneration that could be paid out and the performance targets to determine the variable pay, which could lead to discretionary payouts that are not aligned to company performance.- His estimated pay is not in line with market standards and does not commensurate with the company's scale and size of operations.- The company is seeking a blanket approval for the payment of minimum remuneration to Sanjay Sudhakaran, notwithstanding the company's financial performance.
0 for1 against - Approve Reappointment and Remuneration of Gurmeet Singh as Managing Director1 for0 against
- Approve Remuneration of Cost Auditors1 for0 against
- Elect Nobuyuki Tao as Director
Against HSBC Mutual Fund
- HSBC Mutual FundA vote AGAINST the following nominees is warranted because: • The board is not at least one-half independent after our re-classification and Nobuyuki Tao and Yoshikazu Ishihara are non-independent director nominees
0 for1 against - Elect Sanjay Sudhakaran as Director1 for0 against
Ratification of remuneration of Rs.1.50 Lacs and reimbursement of actual travel and out-of-pocket expenses Payable to M/s. Kiran J Mehta and Co. (FRN - 000025), Cost Accountants, appointed by the Board of Directors of the Company to conduct the Audit of Cost records of the Company for the financial year from April 1, 2023 to March 31, 2024.MoreLess
2 for0 against- Ratify remuneration of Rs. 150,000 to Kiran J Mehta & Co., as cost auditor for FY242 for0 against
- Re-appointment of of Mr. Gurmeet Singh (DIN 06938403) as Managing Director of the Company for a period from February 1, 2023 to June 30, 2023 and including remuneration.
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundNon-compliant with Regulation 17(1C) of SEBI LODR.
1 for1 against - Reappoint and ratify remuneration paid to Gurmeet Singh (DIN 06938403), as Managing Director from 1 February 2023 till 30 June 20232 for0 against
- Reappoint Yoshikazu Ishihara (DIN: 07998690) as Non-Executive Non-Independent Director, liable to retire by rotation2 for0 against
- Reelect Yoshikazu Ishihara as Director
Against HSBC Mutual Fund
- HSBC Mutual FundA vote AGAINST the following nominees is warranted because: • The board is not at least one-half independent after our re-classification and Nobuyuki Tao and Yoshikazu Ishihara are non-independent director nominees
0 for1 against - To appoint a Director in place of Mr. Yoshikazu Ishihara (DIN 07998690), who retires by rotation and being eligible, offers himself for re-appointment.2 for0 against
- To consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2023 and the reports of Board of Directors and Auditors thereon.2 for0 against
Mutual fund votes, meeting of 14 Sep 2022, 4 fund houses
- Adoption of financial statements for the year ended 31 March 20221 for0 against
- Approve remuneration of Rs. 150,000 to Kiran J. Mehta & Co., as cost auditor for FY231 for0 against
Ratification of remuneration of Rs. 1.50 Lacs and reimbursement of actual travel and out-of-pocket expenses payable to M/s. Kiran J Mehta & Co. (FRN - 000025), Cost Accountants, appointed by the Board of Directors to conduct the Audit of Cost records of the Company for the financial year from April 1, 2022 to March 31, 2023.MoreLess
2 for0 againstRatify related party transactions with Highly Electrical Appliances India Pvt Ltd. for FY22 and approve transactions from FY23 till FY25 upto Rs. 4.0 bn annually or 15% of the turnover of the previous year, whichever is higherMoreLess
1 for0 against- Reappoint Yoshikazu Ishihara (DIN: 07998690) as Non-Executive Non-Independent Director, liable to retire by rotation1 for0 against
- To appoint a Director in place of Mr. Yoshikazu Ishihara (DIN 07998690), who retires by rotation and being eligible, offers himself for re-appointment.3 for0 against
To approve Material Related Party Transactions, in the nature of purchase of materials, which are in the Ordinary Course of Company’s business and on Arm’s Length basis (“Transactions”), entered into or to be entered into with Highly Electrical Appliances India Pvt. Ltd., for financial year starting from April 1, 2021 till March 31, 2025, upto the aggregate amount of all Transactions during any Financial Year shall not exceed Rs. 400 Crores or 15% of the Turnover of the previous audited financial statements, whichever is higherMoreLess
1 for0 against- To consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2022 and the reports of Board of Directors and Auditors thereon.3 for0 against
To ratify the remuneration to M/s. Kiran J Mehta & Co. (FRN - 000025), Cost Accountants, appointed by the Board of Directors of the Company to conduct the Audit of Cost records of the Company for the financial year from April 1, 2022 to March 31, 2023MoreLess
1 for0 againstTo the Material Related Party Transactions, in the nature of purchase of materials, which are in the Ordinary Course of Company’s business and on Arm’s Length basis (Transactions), entered into or to be entered into with Highly Electrical Appliances India Pvt. Ltd., for financial year starting from April 1, 2021 till March 31, 2025, upto the aggregate amount of all Transactions during any Financial Year which shall not exceed Rs.400 Crores or 15% of the Turnover of the previous audited financial statements, whichever is higher.MoreLess
2 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 1 complaint open, quarter to Mar 2026.
- 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.