Butterfly Gandhimathi Appliances logo

Butterfly Gandhimathi Appliances MD, chairman, board of directors and AGM

NSE: BUTTERFLYBSE: 517421Consumer DurablesSmall Cap

Last close ₹555.35down ₹15.40 (2.70%)BSE ₹555.95

Share price at the NSE close on 23 Oct 2026. Previous close ₹570.75.

52-week range of traded prices to 23 Oct 2026
₹522.25Low, 1 Oct 2026₹823.85High, 6 Nov 2025
Market cap
₹993 Cr1,420th largest listed
P/E
19.4
P/B
2.5
Dividend yield
Nonein the last 12 months
ROE
13.7%
ROCE
15.1%
Debt to equity
0.00
Volume, NSE
14,66242.8% delivered

Butterfly Gandhimathi Appliances board of directors

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

  • ChairpersonP. M. MURTY
  • Company Secretary and Compliance OfficerJayant Barde

6 directors3 independent3 non-executive

  • P. M. MURTY · ChairpersonIndependent · joined Apr 2022 · reappointed Apr 2022 · 51 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • PROMEET GHOSHNon-executive · joined May 2023 · reappointed May 2023 · 2 listed boards · 3 committee seats
  • KALEESWARAN ARUNACHALAMNon-executive · joined Nov 2023 · reappointed Nov 2023 · 1 listed board · 1 committee seat, 1 as chair
  • NITHIYANANDAM ANANDKUMARNon-executive · joined Nov 2023 · reappointed Nov 2023 · 1 listed board · 1 committee seat
  • K. E. RANGANATHANIndependent · joined Apr 2024 · reappointed Apr 2024 · 26 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • SMITA ANANDIndependent · joined Apr 2022 · reappointed Apr 2022 · 51 months as independent · 3 listed boards · 3 as independent · 2 committee seats

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.

2 directors who left
  • SHANTANU KHOSLA, left 31 Dec 2025: Others
  • MAHESHWARI MOHAN, left 20 Aug 2025: Tenure Completion

Committees and meetings

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

  • Board

    • 11 May 20266 of 6 present3 independent · 55 days in between
    • 16 Mar 20266 of 6 present3 independent · 39 days in between
    • 4 Feb 20266 of 6 present3 independent

  • Audit Committee

    Chair K. E. RANGANATHAN

    P. M. MURTY, SMITA ANAND, PROMEET GHOSH

    • 11 May 20264 of 4 present3 independent · 95 days in between
    • 4 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair SMITA ANAND

    P. M. MURTY, PROMEET GHOSH

    • 11 May 20263 of 3 present2 independent · 95 days in between
    • 4 Feb 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair KALEESWARAN ARUNACHALAM

    PROMEET GHOSH, SMITA ANAND, NITHIYANANDAM ANANDKUMAR

    • 20 Jan 20262 of 4 present1 independent

  • Risk Management Committee

    Chair P. M. MURTY

    SMITA ANAND, K. E. RANGANATHAN, KALEESWARAN ARUNACHALAM

    • 20 Jan 20264 of 4 present3 independent

  • Corporate Social Responsibility Committee

    Chair KALEESWARAN ARUNACHALAM

    P. M. MURTY, SMITA ANAND

    • 4 Feb 20263 of 3 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 Sep 2026.

  • ASA & Associates LLPPeer-review certificate valid to Mar 2029

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.

Butterfly Gandhimathi Appliances 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.Butterfly Gandhimathi Appliances dividend history

Annual general meeting, 4 Aug 2026

18,316 shareholders on the register on 28 Jul 2026; present: 1 promoter and 47 others; votes counted by D. Saravanan / Alagar & Associates LLP.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026 together with the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.55%

    Turnout: all 75.33% · promoters 100.00% · institutions 97.29% · other public 0.08%

  2. To appoint a Director in place of Mr. Nithiyanandam Anandkumar (DIN: 10381096) who retires by rotation and being eligible, offers himself for reappointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.21%

    Turnout: all 75.33% · promoters 100.00% · institutions 97.29% · other public 0.08%

  3. Ratification of remuneration payable to M/s. S. Mahadevan & Co., Cost Auditors of the Company.
    OrdinaryNot passedRecorded as not passed although most votes were for it; no reason is given
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 11.62%

    Turnout: all 75.33% · promoters 100.00% · institutions 97.29% · other public 0.08%

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, 5 Aug 2025, 4 resolutions

17,973 shareholders on the register on 29 Jul 2025; present: 1 promoter and 46 others; votes counted by M. Alagar / M/s. Alagar & Associates LLP (Formerly known as M.Alagar & Associates).The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.63% · promoters 100.00% · institutions 99.21% · other public 0.81%

  2. To appoint a Director in place of Mr. Promeeth Ghosh (DIN: 05307658) who retires by rotation and being eligible offers himself for reappointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.55%

    Turnout: all 75.63% · promoters 100.00% · institutions 99.21% · other public 0.81%

  3. Ratification of remuneration payable to M/s. S. Mahadevan & Co., Cost Auditors of the Company
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.52%

    Turnout: all 75.63% · promoters 100.00% · institutions 99.21% · other public 0.81%

  4. Appointment of M/s Alagar & Associates LLP (Formerly known as M/s M. Alagar & Associates), Practicing Company Secretaries as the Secretarial Auditors of the Company and to fix remuneration
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 75.63% · promoters 100.00% · institutions 99.21% · other public 0.81%

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 Jul 2024, 5 resolutions

Present: 2 promoters and 88 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2024 together with the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.25%

    Turnout: all 80.10% · promoters 100.00% · institutions 99.93% · other public 0.06%

  2. To appoint Mr. Shantanu Khosla (DIN:00059877) as a Director liable to retire by rotation
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.02% · other public 3.19%

    Turnout: all 80.10% · promoters 100.00% · institutions 99.93% · other public 0.06%

  3. Ratification of remuneration payable to M/s. S. Mahadevan & Co., Cost Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.56%

    Turnout: all 80.10% · promoters 100.00% · institutions 99.93% · other public 0.06%

  4. To appoint Ms. Swetha Sagar G as the Manager and Key Managerial Personnel designated as ‘Manager & Chief Business Officer’ of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.35%

    Turnout: all 80.10% · promoters 100.00% · institutions 99.93% · other public 0.06%

  5. Payment of remuneration to Ms. Swetha Sagar G as the Manager & Chief Business Officer of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.19%

    Turnout: all 80.10% · promoters 100.00% · institutions 99.93% · other public 0.06%

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

Postal ballot, 28 May 2024, 1 resolution

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

  1. Appointment of Mr. Kunnawalkam Elayavalli Ranganathan (DIN:00058990) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.93%

    Turnout: all 81.11% · promoters 100.00% · institutions 99.94% · other public 0.25%

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

Postal ballot, 30 Mar 2024, 3 resolutions

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

  1. Re-appointment of Mr. Rangarajan Sriram (DIN: 09550640) as the Managing Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.25%

    Turnout: all 81.39% · promoters 100.00% · institutions 98.13% · other public 0.21%

  2. Alteration of Object Clause of the Memorandum of Association.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.53%

    Turnout: all 81.39% · promoters 100.00% · institutions 98.13% · other public 0.21%

  3. Amendment to Clause III (B) of the Memorandum of Association of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.57%

    Turnout: all 81.39% · promoters 100.00% · institutions 98.13% · other public 0.21%

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, 21 Dec 2023, 2 resolutions

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

  1. Appointment of Mr. Kaleeswaran Arunachalam (DIN: 07625839) as a Non-Executive NonIndependent Director of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.02% · other public 0.07%

    Turnout: all 83.07% · promoters 100.00% · institutions 99.77% · other public 8.65%

  2. Appointment of Mr. Nithiyanandam Anandkumar (DIN:10381096) as a Non-ExecutivenNon-Independent Director of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.02% · other public 0.08%

    Turnout: all 83.07% · promoters 100.00% · institutions 99.77% · other public 8.65%

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.

Meeting called by the tribunal, 28 Oct 2023, 1 resolution

Present: 1 promoter and 59 others.The company's voting result (opens in a new tab)

  1. Scheme of Amalgamation of Butterfly Gandhimathi Appliances Limited ( Transferor Company ) with Crompton Greaves Consumer Electricals Limited ( Transferee Company ) and their respective shareholders and creditors ( Scheme ) under Sections 230 to 232 of the Companies Act, 2013, and other applicable provisions under the Companies Act, 2013MoreLess
    SpecialPromoters have an interest in it
    87.15% for12.85% against

    Against: promoters 0.00% · institutions 37.15% · other public 96.48%

    Turnout: all 91.12% · promoters 100.00% · institutions 99.95% · other public 52.06%

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 Jul 2023, 4 resolutions

Present: 2 promoters and 112 others.The company's voting result (opens in a new tab)

  1. ADOPTION OF FINANCIAL STATEMENTS
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.46%

    Turnout: all 78.00% · promoters 100.00% · institutions 46.57% · other public 0.20%

  2. APPOINTMENT OF MR. SHANTANU KHOSLA (DIN: 00059877) AS A DIRECTOR LIABLE TO RETIRE BY ROTATION
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.04% · other public 0.46%

    Turnout: all 78.00% · promoters 100.00% · institutions 46.57% · other public 0.20%

  3. RATIFICATION OF REMUNERATION PAYABLE TO M/S. S. MAHADEVAN & CO., COST AUDITORS OF THE COMPANY
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.59%

    Turnout: all 78.00% · promoters 100.00% · institutions 46.57% · other public 0.20%

  4. APPOINTMENT OF MR. PROMEET GHOSH (DIN:05307658) AS NON-EXECUTIVE NON-INDEPENDENT DIRECTOR OF THE COMPANY
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.04% · other public 0.46%

    Turnout: all 78.00% · promoters 100.00% · institutions 46.57% · other public 0.20%

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 5 Aug 2025, 2 fund houses

  • To consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereon.
    2 for0 against
  • To appoint a Director in place of Mr. Promeeth Ghosh (DIN: 05307658) who retires by rotation and being eligible offers himself for reappointment.
    2 for0 against
  • Ratification of remuneration payable to M/s. S. Mahadevan & Co., Cost Auditors of the Company
    2 for0 against
  • Appointment of M/s Alagar & Associates LLP (Formerly known as M/s M. Alagar & Associates), Practicing Company Secretaries as the Secretarial Auditors of the Company and to fix remuneration
    2 for0 against

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

  • To consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2024 together with the Reports of the Board of Directors and Auditors thereon.
    4 for0 against
  • To appoint Mr. Shantanu Khosla (DIN:00059877) as a Director liable to retire by rotation
    4 for0 against
  • Ratification of remuneration payable to M/s. S. Mahadevan & Co., Cost Auditors of the Company
    4 for0 against
  • To appoint Ms. Swetha Sagar G as the Manager and Key Managerial Personnel designated as ‘Manager & Chief Business Officer’ of the Company
    4 for0 against
  • Payment of remuneration to Ms. Swetha Sagar G as the Manager & Chief Business Officer of the Company
    4 for0 against
5 earlier meetings

Mutual fund votes, meeting of 28 May 2024, 4 fund houses

  • Appointment of Mr. Kunnawalkam Elayavalli Ranganathan (DIN:00058990) as an Independent Director
    4 for0 against

Mutual fund votes, meeting of 30 Mar 2024, 4 fund houses

  • Re-appointment of Mr. Rangarajan Sriram (DIN: 09550640) as the Managing Director of the Company
    4 for0 against
  • Alteration of Object Clause of the Memorandum of Association.
    4 for0 against
  • Amendment to Clause III (B) of the Memorandum of Association of the Company.
    4 for0 against

Mutual fund votes, meeting of 21 Dec 2023, 4 fund houses

  • Appointment of Mr. Kaleeswaran Arunachalam (DIN: 07625839) as a Non-Executive NonIndependent Director of the Company
    4 for0 against
  • Appointment of Mr. Nithiyanandam Anandkumar (DIN:10381096) as a Non-ExecutivenNon-Independent Director of the Company
    4 for0 against

Mutual fund votes, meeting of 28 Oct 2023, 4 fund houses

  • Scheme of Amalgamation of Butterfly Gandhimathi Appliances Limited ( Transferor Company ) with Crompton Greaves Consumer Electricals Limited ( Transferee Company ) and their respective shareholders and creditors ( Scheme ) under Sections 230 to 232 of the Companies Act, 2013, and other applicable provisions under the Companies Act, 2013MoreLess
    Against Aditya Birla Sun Life Mutual Fund
    • Aditya Birla Sun Life Mutual FundIn the medium-term, Butterfly is the key growth driver for Crompton and has a much higher growth potential than Crompton's core business. This was also the communication from Crompton management in the lead-up to the OFS. However, given that Crompton management has decided to do a business restructuring and channel rationalization in Butterfly during the year leading up to the merger, the growth for the last year has been unnaturally depressed. Hence, we believe, market hasn't accounted for the long-term growth potential of Butterfly, which makes the current swap ratio unattractive from a Butterfly shareholder perspective.
    3 for1 against

Mutual fund votes, meeting of 19 Jul 2023, 4 fund houses

  • ADOPTION OF FINANCIAL STATEMENTS
    4 for0 against
  • APPOINTMENT OF MR. SHANTANU KHOSLA (DIN: 00059877) AS A DIRECTOR LIABLE TO RETIRE BY ROTATION
    4 for0 against
  • RATIFICATION OF REMUNERATION PAYABLE TO M/S. S. MAHADEVAN & CO., COST AUDITORS OF THE COMPANY
    4 for0 against
  • APPOINTMENT OF MR. PROMEET GHOSH (DIN:05307658) AS NON-EXECUTIVE NON-INDEPENDENT DIRECTOR OF THE COMPANY
    4 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines and tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyAbu Dhabi Court of AppealSince 27 Apr 2026

    AED 31,666.66

    The consumer sustained an injury while using a Butterfly product due to alleged failure/ malfunctioning
  • Tax disputeCommissioner Of Central Excise, Chennai-IVSince 26 Sep 2012
    The matter is pending for hearing before the Honourable Supreme Court
    At the filing before: The company had received the Show cause Notice from Commissioner of Central Excise, Chennai -IV for the Year 2011-12 to 2013-14 for valuation of Excise Duty on Maximum Retail Price. Demand is raised for differential Excise duty between valuation under Section 4 (Duty on Basic Value) and Section 4(a) (Duty on MRP less Abatement) against the products supplied to TNCSC (Tamil Nadu Civil Supplies Corporations) under Central Excise Act, for the financial year 2011-12 to 2013-14. Excise Duty valuation on certain goods falling under Notification 49/2008 to be calculated on MRP base assessment. Our goods Tabletop Wet Grinders and Mixer Grinders fall under said notification and valued as per above said notifications. When the same was supplied to TNCSC, the contract rate was applied as MRP. In normal course of business, the MRP valuation will give more revenue than valuation on selling price, being contract sales and contract price was adopted as MRP (Since they were supplied as free to women beneficiaries by Tamil Nadu Govt). Difference of Excise Duty on such supplies demanded by department and replies were filed. The Commissioner had confirmed the demand. The Company went for an appeal to CESTAT (Central Excise Service Tax Appellate Tribunal), Chennai and got favorable order. Now the Department went for further appeal to the Honorable Supreme Court of India. The matter was pending for hearing before The Honourable Supreme Court of IndiaMoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Sep 2025.
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
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.