Carborundum Universal logo

Carborundum Universal MD, chairman, board of directors and AGM

NSE: CARBORUNIVBSE: 513375Industrial ProductsSmall Cap

Last close ₹1,028.80down ₹25.90 (2.46%)BSE ₹1,029.60

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,054.70.

52-week range of traded prices to 23 Oct 2026
₹735.20Low, 23 Mar 2026₹1,368.90High, 24 Sep 2026
Market cap
₹19,599 Cr382nd largest listed
P/E
93.7
P/E without one-offs
57.0
P/B
5.0
Dividend yield
0.39%
ROE
5.6%
ROE without one-offs
9.3%
ROCE
7.9%
Debt to equity
0.08
Volume, NSE
3,58,02544.3% delivered

Carborundum Universal 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

  • ChairpersonM M MurugappanRelated to the promoter
  • Managing directorSridharan Rangarajan
  • Company Secretary and Compliance OfficerRekha Surendhiran

7 directors4 independent1 executive2 non-executive

  • M M Murugappan · ChairpersonNon-executive · joined Oct 1996 · reappointed Aug 2025 · 4 listed boards · 1 as independent · 4 committee seats, 2 as chair
  • D B Venkatesh VarmaIndependent · joined Mar 2026 · 3 months as independent · 1 listed board · 1 as independent
  • Sujjain TalwarIndependent · joined May 2017 · reappointed May 2022 · 109 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 2 as chair
  • Viji SriramIndependent · joined Aug 2024 · reappointed Aug 2024 · 22 months as independent · 2 listed boards · 1 as independent
  • Usha RajeevIndependent · joined Aug 2024 · reappointed Aug 2024 · 22 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 3 as chair
  • Muthiah MurugappanNon-executive · joined Aug 2024 · reappointed Aug 2024 · 3 listed boards · 1 as independent · 4 committee seats, 1 as chair
  • Sridharan Rangarajan · Managing directorExecutive · joined Jul 2021 · reappointed Aug 2023 · 4 listed boards · 5 committee seats, 1 as chair

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.

1 director who left
  • Pundi Srinivasan Raghavan, left 24 Nov 2025: Others

Committees and meetings

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

  • Board

    • 14 May 20267 of 7 present4 independent · 22 days in between
    • 21 Apr 20267 of 7 present4 independent · 10 days in between
    • 10 Apr 20267 of 7 present4 independent · 15 days in between
    • 25 Mar 20267 of 7 present4 independent · 20 days in between
    2 earlier meetings
    • 4 Mar 20266 of 6 present3 independent · 33 days in between
    • 29 Jan 20266 of 6 present3 independent

  • Audit Committee

    Chair Usha Rajeev

    Sujjain Talwar, Muthiah Murugappan

    • 14 May 20262 of 3 present2 independent · 51 days in between
    • 23 Mar 20263 of 3 present2 independent · 52 days in between
    • 29 Jan 20262 of 2 present2 independent

  • Nomination and remuneration committee

    Chair Sujjain Talwar

    Usha Rajeev, Viji Sriram, M M Murugappan

    • 14 May 20264 of 4 present3 independent · 70 days in between
    • 4 Mar 20262 of 2 present1 independent · 33 days in between
    • 29 Jan 20262 of 2 present1 independent

  • Stakeholders Relationship Committee

    Chair M M Murugappan

    Sujjain Talwar, Sridharan Rangarajan

    • 14 May 20263 of 3 present1 independent · 104 days in between
    • 29 Jan 20262 of 2 present0 independent

  • Risk Management Committee

    Chair Usha Rajeev

    D B Venkatesh Varma, Sridharan Rangarajan

    • 25 Mar 20263 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair Sujjain Talwar

    Muthiah Murugappan, Sridharan Rangarajan

    • 14 May 20262 of 3 present1 independent · 104 days in between
    • 29 Jan 20263 of 3 present1 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.

  • Price Waterhouse Chartered Accountants LLPPeer-review certificate valid to Nov 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.

Carborundum Universal 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.Carborundum Universal dividend history

Annual general meeting, 7 Aug 2026

67,387 shareholders on the register on 31 Jul 2026; present: 24 promoters and 53 others; votes counted by R SRIDHARAN / R SRIDHARAN & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Adoption of Standalone Financial Statements
    Ordinary
    99.73% for0.27% against

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

    Turnout: all 74.86% · promoters 90.84% · institutions 96.24% · other public 5.62%

  2. Adoption of Consolidated Financial Statements
    Ordinary
    97.95% for2.05% against

    Against: promoters 0.00% · institutions 3.99% · other public 0.01%

    Turnout: all 74.86% · promoters 90.84% · institutions 96.24% · other public 5.62%

  3. Declaration of Dividend
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.86% · promoters 90.84% · institutions 96.24% · other public 5.62%

  4. Re-appointment of Mr. Muthiah Murugappan (DIN: 07858587) as Director
    Ordinary
    99.60% for0.40% against

    Against: promoters 0.00% · institutions 0.78% · other public 0.16%

    Turnout: all 74.86% · promoters 90.84% · institutions 96.24% · other public 5.62%

  5. Approval for payment of commission to Mr. M M Murugappan
    Special
    97.01% for2.99% against

    Against: promoters 0.00% · institutions 5.84% · other public 0.17%

    Turnout: all 74.86% · promoters 90.84% · institutions 96.24% · other public 5.62%

  6. Ratification of Cost Auditors Remuneration
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.86% · promoters 90.84% · institutions 96.24% · 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.

Postal ballot, 15 Apr 2026, 1 resolution

64,513 shareholders on the register on 6 Mar 2026; votes counted by CS R SRIDHARAN / R. SRIDHARAN & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Appointment of Ambassador Bala Venkatesh Varma Datla (D B Venkatesh Varma) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 74.55% · promoters 91.49% · institutions 96.04% · other public 3.11%

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, 7 Aug 2025, 7 resolutions

72,226 shareholders on the register on 31 Jul 2025; present: 37 promoters and 42 others; votes counted by R SRIDHARAN / R SRIDHARAN & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Adoption of Standalone Financial Statements
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.34% · promoters 96.66% · institutions 95.02% · other public 4.06%

  2. Adoption of Consolidated Financial Statements
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.34% · promoters 96.66% · institutions 95.02% · other public 4.03%

  3. Declaration of Dividend
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.34% · promoters 96.66% · institutions 95.02% · other public 4.03%

  4. Re-appointment of Mr. M M Murugappan (DIN: 00170478) as Director
    Ordinary
    98.05% for1.95% against

    Against: promoters 0.00% · institutions 3.90% · other public 0.01%

    Turnout: all 77.34% · promoters 96.66% · institutions 95.02% · other public 4.03%

  5. To appoint Sridharan And Sridharan Associates as Secretarial Auditor of the Company and to fix their remuneration
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.34% · promoters 96.66% · institutions 95.02% · other public 4.03%

  6. Approval for payment of commission to Mr. M M Murugappan
    Special
    100.00% for0.00% against

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

    Turnout: all 77.34% · promoters 96.66% · institutions 95.02% · other public 4.03%

  7. Ratification of Cost Auditors Remuneration
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.34% · promoters 96.66% · institutions 95.02% · other public 4.03%

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, 30 Jul 2024, 9 resolutions

Present: 17 promoters and 36 others.The company's voting result (opens in a new tab)

  1. Adoption of Standalone Financial Statements
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.25% · promoters 92.98% · institutions 92.96% · other public 5.14%

  2. Adoption of Consolidated Financial Statements
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.25% · promoters 92.98% · institutions 92.96% · other public 5.14%

  3. Declaration of Dividend
    Ordinary
    98.69% for1.31% against

    Against: promoters 0.00% · institutions 2.66% · other public 0.01%

    Turnout: all 77.26% · promoters 92.98% · institutions 92.97% · other public 5.14%

  4. Re-appointment of Mr. M M Murugappan (DIN: 00170478) as Director
    Ordinary
    98.40% for1.60% against

    Against: promoters 0.00% · institutions 3.23% · other public 0.02%

    Turnout: all 77.25% · promoters 92.98% · institutions 92.96% · other public 5.14%

  5. Appointment of Mr.Sriram Viji ( DIN:03630636) as an Independent Director
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.05% · other public 0.37%

    Turnout: all 77.25% · promoters 92.98% · institutions 92.96% · other public 5.14%

  6. Appointment of Mrs. Usha Rajeev (DIN: 05018645) as an Independent Director
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.05% · other public 0.48%

    Turnout: all 77.25% · promoters 92.98% · institutions 92.96% · other public 5.14%

  7. Appointment of Mr. Muthiah Murugappan Muthiah (DIN: 07858587) as a Non-Executive Non-Independent Director
    Ordinary
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.41% · other public 0.03%

    Turnout: all 77.25% · promoters 92.98% · institutions 92.96% · other public 5.14%

  8. Approval for payment of commission to Mr. M M Murugappan
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 77.25% · promoters 92.98% · institutions 92.96% · other public 5.14%

  9. Ratification of Cost Auditor’s Remuneration
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.25% · promoters 92.98% · institutions 92.96% · other public 5.14%

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

Postal ballot, 26 Jan 2024, 1 resolution

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

  1. Reclassification of certain persons belonging to the Promoters/Promoter Group of the Company to Public Category
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.31%

    Turnout: all 75.68% · promoters 88.15% · institutions 95.36% · other public 4.21%

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.

Annual general meeting, 2 Aug 2023, 8 resolutions

Present: 19 promoters and 37 others.The company's voting result (opens in a new tab)

  1. Adoption of Standalone Financial Statements
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.37% · promoters 87.27% · institutions 93.46% · other public 2.70%

  2. Adoption of Consolidated Financial Statements
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.37% · promoters 87.27% · institutions 93.46% · other public 2.70%

  3. Declaration of Dividend
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.38% · promoters 87.27% · institutions 93.48% · other public 2.70%

  4. Re-appointment of Mr. M M Murugappan (DIN: 00170478) as Director
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.08% · other public 0.01%

    Turnout: all 73.37% · promoters 87.27% · institutions 93.46% · other public 2.70%

  5. Remuneration of Non-Executive Directors
    Special
    96.82% for3.18% against

    Against: promoters 0.00% · institutions 6.36% · other public 0.01%

    Turnout: all 73.37% · promoters 87.27% · institutions 93.46% · other public 2.70%

  6. Approval for payment of commission to Mr. M M Murugappan
    Special
    96.82% for3.18% against

    Against: promoters 0.00% · institutions 6.36% · other public 0.35%

    Turnout: all 73.37% · promoters 87.27% · institutions 93.46% · other public 2.70%

  7. Appointment of Mr. Sridharan Rangarajan (DIN: 01814413) as Managing Director
    Ordinary
    99.26% for0.74% against

    Against: promoters 0.00% · institutions 1.49% · other public 0.00%

    Turnout: all 73.37% · promoters 87.27% · institutions 93.46% · other public 2.70%

  8. Ratification of Cost Auditor’s Remuneration
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.37% · promoters 87.27% · institutions 93.46% · other public 2.70%

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, 7 Dec 2022, 1 resolution

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

  1. Re-appointment of Mr. N Ananthaseshan (DIN: 02402921) as Managing Director
    Ordinary
    92.08% for7.92% against

    Against: promoters 0.00% · institutions 16.22% · other public 1.15%

    Turnout: all 70.24% · promoters 85.65% · institutions 93.09% · other public 0.28%

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, 1 Aug 2022, 9 resolutions

Present: 24 promoters and 50 others.The company's voting result (opens in a new tab)

  1. Adoption of Standalone Financial Statements
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.04% · other public 0.03%

    Turnout: all 73.42% · promoters 93.26% · institutions 92.14% · other public 2.18%

  2. Adoption of Consolidated Financial Statements
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.04% · other public 0.03%

    Turnout: all 73.42% · promoters 93.26% · institutions 92.14% · other public 2.18%

  3. Declaration of Dividend
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.45% · promoters 93.26% · institutions 92.22% · other public 2.18%

  4. Re-appointment of Mr. N Ananthaseshan as Director who is retiring by rotation
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.73%

    Turnout: all 72.84% · promoters 91.83% · institutions 92.20% · other public 2.18%

  5. Re-appointment of M/s. Price Waterhouse Chartered Accountants LLP as statutory auditors of the Company and to fix their remuneration
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.04% · other public 0.05%

    Turnout: all 73.44% · promoters 93.26% · institutions 92.20% · other public 2.18%

  6. Re-appointment of Mr. P S Raghavan (DIN 07812320) as an Independent Director
    Special
    95.46% for4.54% against

    Against: promoters 0.00% · institutions 9.75% · other public 0.74%

    Turnout: all 72.84% · promoters 91.83% · institutions 92.20% · other public 2.18%

  7. Re-appointment of Mr. Sujjain S Talwar (DIN 01756539) as an Independent Director
    Special
    95.60% for4.40% against

    Against: promoters 0.00% · institutions 9.45% · other public 0.73%

    Turnout: all 72.84% · promoters 91.83% · institutions 92.20% · other public 2.17%

  8. Approval for payment of commission to Mr. M M Murugappan, Non-Executive Chairman.
    Special
    98.30% for1.70% against

    Against: promoters 1.53% · institutions 1.92% · other public 0.10%

    Turnout: all 73.44% · promoters 93.26% · institutions 92.20% · other public 2.17%

  9. Ratification of Cost Auditor’s Remuneration
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.44% · promoters 93.26% · institutions 92.20% · other public 2.18%

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

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 7 Aug 2026, 14 fund houses so far (houses' deadline to file 15 Oct 2026)

  • Adoption of Standalone Financial Statements
    14 for0 against
  • Adoption of Consolidated Financial Statements
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundNon-disclosure of the audited financial statements of a subsidiary on the website of the Company.
    • Edelweiss Mutual Fund, Navi Mutual FundUnqualified financial statements. Non-Compliant with S.136(1) of the Companies Act & Regulation 46(2)(s) of SEBI LODR: Nondisclosure of the audited financial statements of a subsidiary on the website of the Company.
    11 for3 against
  • Declaration of Dividend
    14 for0 against
  • Re-appointment of Mr. Muthiah Murugappan (DIN: 07858587) as Director
    14 for0 against
  • Approval for payment of commission to Mr. M M Murugappan
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund
    • Angel One Mutual FundGovernance and transparency concern is identified with remuneration payable to Mr. Murugappan since Chief Financial Officer position in the Company has been vacant for over 10 months now yet the vacancy is not filled, neither there is clarity regarding whether any interim personnel has been appointed to helm the role of Chief Financial Officer nor there is an update regarding the timeline within which the vacancy will be filled. Hence, the Director being the Board Chairperson is being held accountable for this material non-compliance.
    • Edelweiss Mutual Fund, Navi Mutual FundCompliant with the law. Mr. M. M. Murugappan’s remuneration is significantly higher than that paid to the other NEDs on the Board. In general case, concerns may be identified where payments to NEDs are significantly higher than other NEDs or are of such magnitude that they effectively resemble executive remuneration. However, in the present case, the Company has adequately explained that Mr. Murugappan's role and responsibilities are distinct from those of the other NEDs, while remaining clearly differentiated from executive functions. This is also reflected in the remuneration paid to the Executive Director, which is substantially higher than that paid to Mr. Murugappan. It is further noted that Mr. M. M. Murugappan also serves as the Chairperson of the Board. Considering the Company's size, performance, and the quantum which is and has been reasonable in previous years as well, no governance concern is identified. While no concern is identified with the remuneration proposal per-se, governance and transparency concern is identified with remuneration payable to Mr. Murugappan since CFO position in the Company has been vacant for over 10 months now yet the vacancy is not filled, neither there is clarity regarding whether any interim personnel has been appointed to helm the role of CFO nor there is an update regarding the timeline within which the vacancy will be filled. Hence, the Director being the Board Chairperson is being held accountable for this material non-compliance.
    • PGIM India Mutual FundCompliant with the law. Mr. M. M. Murugappan s remuneration is significantly higher than that paid to the other NEDs on the Board. In general case, concerns may be identified where payments to NEDs are significantly higher than other NEDs or are of such magnitude that they effectively resemble executive remuneration. However, in the present case, the Company has adequately explained that Mr. Murugappan's role and responsibilities are distinct from those of the other NEDs, while remaining clearly differentiated from executive functions. This is also reflected in the remuneration paid to the Executive Director, which is substantially higher than that paid to Mr. Murugappan. It is further noted that Mr. M. M. Murugappan also serves as the Chairperson of the Board. Considering the Company's size, performance, and the quantum which is and has been reasonable in previous years as well, no governance concern is identified. While no concern is identified with the remuneration proposal per-se, governance and transparency concern is identified with remuneration payable to Mr. Murugappan since CFO position in the Company has been vacant for over 10 months now yet the vacancy is not filled, neither there is clarity regarding whether any interim personnel has been appointed to helm the role of CFO nor there is an update regarding the timeline within which the vacancy will be filled. Hence, the Director being the Board Chairperson is being held accountable for this material non-compliance.
    10 for4 against
  • Ratification of Cost Auditors Remuneration
    14 for0 against

Mutual fund votes, meeting of 15 Apr 2026, 24 fund houses

  • Appointment of Ambassador Bala Venkatesh Varma Datla (D B Venkatesh Varma) as an Independent Director
    24 for0 against
6 earlier meetings

Mutual fund votes, meeting of 7 Aug 2025, 25 fund houses

  • Adoption of Standalone Financial Statements
    25 for0 against
  • Adoption of Consolidated Financial Statements
    25 for0 against
  • Declaration of Dividend
    25 for0 against
  • Re-appointment of Mr. M M Murugappan (DIN: 00170478) as Director
    25 for0 against
  • To appoint Sridharan And Sridharan Associates as Secretarial Auditor of the Company and to fix their remuneration
    25 for0 against
  • Approval for payment of commission to Mr. M M Murugappan
    25 for0 against
  • Ratification of Cost Auditors Remuneration
    25 for0 against

Mutual fund votes, meeting of 30 Jul 2024, 25 fund houses

  • Adoption of Standalone Financial Statements
    25 for0 against
  • Adoption of Consolidated Financial Statements
    25 for0 against
  • Declaration of Dividend
    25 for0 against
  • Re-appointment of Mr. M M Murugappan (DIN: 00170478) as Director
    25 for0 against
  • Appointment of Mr.Sriram Viji ( DIN:03630636) as an Independent Director
    25 for0 against
  • Appointment of Mrs. Usha Rajeev (DIN: 05018645) as an Independent Director
    25 for0 against
  • Appointment of Mr. Muthiah Murugappan Muthiah (DIN: 07858587) as a Non-Executive Non-Independent Director
    25 for0 against
  • Approval for payment of commission to Mr. M M Murugappan
    25 for0 against
  • Ratification of Cost Auditor’s Remuneration
    25 for0 against

Mutual fund votes, meeting of 26 Jan 2024, 21 fund houses

  • Reclassification of certain persons belonging to the Promoters/Promoter Group of the Company to Public Category
    21 for0 against

Mutual fund votes, meeting of 2 Aug 2023, 18 fund houses

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

  • Adoption of Standalone Financial Statements
    18 for0 against
  • Adoption of Consolidated Financial Statements
    18 for0 against
  • Declaration of Dividend
    15 for0 against
  • Re-appointment of Mr. M M Murugappan (DIN: 00170478) as Director
    18 for0 against
  • Remuneration of Non-Executive Directors
    Against HSBC Mutual Fund
    • HSBC Mutual FundNon-executive directors participate in performance-based incentive schemes.
    4 for1 against
  • Approval for payment of commission to Mr. M M Murugappan
    Against HSBC Mutual Fund
    • HSBC Mutual FundNon-executive directors participate in performance-based incentive schemes.
    14 for1 against
  • Appointment of Mr. Sridharan Rangarajan (DIN: 01814413) as Managing Director
    18 for0 against
  • Ratification of Cost Auditor’s Remuneration
    18 for0 against
6 proposals not matched to one resolution
  • 3) Confirm interim dividend of Rs. 1.5 and declare final dividend of Rs. 2.0 per equity share (face value of Re. 1.0) for FY23.
    1 for0 against
  • Approve payment of commission to non-executive directors upto 1% of net profits, capped at Rs. 35.0 mn annually, for five years from 1 April 2023
    2 for0 against
  • Approve payment of Rs. 10.0 mn as commission to M M Murugappan which may exceed 50% of total remuneration paid to Non-Executive Directors in FY24
    2 for0 against
  • Confirm interim dividend of Rs. 1.5 and declare final dividend of Rs. 2.0 per equity share (face value of Re. 1.0) for FY23
    2 for0 against
  • Remuneration by way of commission for a period of five financial years commencing from 1st April 2023, not exceeding 1% of the net profits of the Company computed in accordance with the provisions of Section 198 of the Companies Act, 2013 for each financial year.MoreLess
    11 for0 against
  • Remuneration payable to Mr. M M Murugappan, Non-Executive Chairman for the FY 2023-24 including by way of commission for the financial year ended 31st March 2023 aggregating to a sum not exceeding Rs.1,00,00,000/- excluding the sitting fees payable in respect of the meetings of the Board/Committees in which he would be participating during the financial year 2023-24.MoreLess
    1 for0 against

Mutual fund votes, meeting of 7 Dec 2022, 19 fund houses

  • Re-appointment of Mr. N Ananthaseshan (DIN: 02402921) as Managing Director
    Against Franklin Templeton Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted because: • A substantial portion of N Ananthaseshan's remuneration is in form of stock options and the board retains significant discretion in determining the grants, that will be made to him in future. • The overall remuneration is deemed to be higher than industry standards and market peers of commensurate scale and operations. • His remuneration in past has not been aligned with company's performance.
    18 for1 against

Mutual fund votes, meeting of 1 Aug 2022, 15 fund houses

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

  • Adoption of Standalone Financial Statements
    15 for0 against
  • Adoption of Consolidated Financial Statements
    15 for0 against
  • Declaration of Dividend
    12 for0 against
  • Re-appointment of Mr. N Ananthaseshan as Director who is retiring by rotation
    15 for0 against
  • Re-appointment of M/s. Price Waterhouse Chartered Accountants LLP as statutory auditors of the Company and to fix their remuneration
    15 for0 against
  • Re-appointment of Mr. P S Raghavan (DIN 07812320) as an Independent Director
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundShareholder's approval not obtained on time for appointment of director
    14 for1 against
  • Re-appointment of Mr. Sujjain S Talwar (DIN 01756539) as an Independent Director
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundShareholder's approval not obtained on time for appointment of director
    14 for1 against
  • Approval for payment of commission to Mr. M M Murugappan, Non-Executive Chairman.
    Against HSBC Mutual Fund
    • HSBC Mutual FundA vote AGAINST this resolution is desired as this is a case of Non-Executive Directors participating in incentive schemes, which should be dissuaded.
    14 for1 against
  • Ratification of Cost Auditor’s Remuneration
    15 for0 against
2 proposals not matched to one resolution
  • 3) Confirm interim dividend of Rs. 1.5 and declare final dividend of Rs. 2.0 per equity share (face value of Re. 1.0) for FY22.
    1 for0 against
  • Confirm interim dividend of Rs. 1.5 and declare final dividend of Rs. 2.0 per equity share (face value of Re. 1.0) for FY22
    2 for0 against

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

Fines

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyNational Stock Exchange of India LimitedSince 27 May 2026

    Fine levied by the National Stock Exchange of India Limited for delay in filling vacancies in certain Board Committees.

    Delay in compliance with Regulations 18(1), 19(1)/19(2), 20(2)/(2A), and 21(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) relating to the composition of certain Committees of the Board.MoreLess
  • Fine or penaltyBSE LimitedSince 27 May 2026

    Fine levied by BSE Limited for delay in filling vacancies in certain Board Committees.

    Delay in compliance with Regulations 18(1), 19(1)/19(2), 20(2)/(2A), and 21(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) relating to the composition of certain Committees of the Board.MoreLess

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 Dec 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
Yes
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
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.