Share price at the NSE close on 23 Oct 2026. Previous close ₹2,840.00.
- Next results date: the board meets on 28 Oct 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.
- ₹13,711 Cr565th 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 29 Jul 2026
- 59.3
- 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 7 May 2026
- 5.5
- 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 29 Jul 2026
- 9.8%
- 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 29 Jul 2026
- 9.0%
- 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 7 May 2026
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 3,28,23336.9% delivered
Cartrade Tech 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
- Chairperson and managing directorVinay Vinod Sanghi
- Company Secretary and Compliance OfficerLalbahadur Pal
7 directors4 independent2 executive1 non-executive
- Vinay Vinod Sanghi · Chairperson and managing directorExecutive · joined Jul 2009 · reappointed Apr 2021 · 1 listed board · 2 committee seats
- Victor Anthony Perry IIINon-executive · joined Oct 2014 · reappointed Sep 2023 · 1 listed board · 1 committee seat
- Aneesha BhandaryExecutive · joined Apr 2021 · reappointed Sep 2022 · 1 listed board · 1 committee seat
- Kishori Jayendra UdeshiIndependent · joined Apr 2021 · reappointed Apr 2023 · 62 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- Vivek G AsraniIndependent · joined Apr 2021 · reappointed Apr 2023 · 62 months as independent · 2 listed boards · 2 as independent · 2 committee seats
- S LakshminarayananIndependent · joined May 2021 · reappointed May 2023 · 61 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
- Steven Douglas GreenfiledIndependent · joined Apr 2025 · reappointed Apr 2025 · 15 months as independent · 1 listed board · 1 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.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 7 May 20267 of 7 present4 independent · 98 days in between
- 28 Jan 20267 of 7 present4 independent
Audit Committee
Chair Kishori Jayendra Udeshi
Vinay Vinod Sanghi, S Lakshminarayanan, Steven Douglas Greenfiled
- 7 May 20264 of 4 present3 independent · 98 days in between
- 28 Jan 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Vivek G Asrani
Vinay Vinod Sanghi, Kishori Jayendra Udeshi, Steven Douglas Greenfiled
- 7 May 20264 of 4 present3 independent · 98 days in between
- 28 Jan 20264 of 4 present3 independent
Stakeholders Relationship Committee
Chair S Lakshminarayanan
Vinay Vinod Sanghi, Aneesha Bhandary, Victor Anthony Perry III
- 28 Jan 20264 of 4 present1 independent
Risk Management Committee
Chair Vinay Vinod Sanghi
Aneesha Bhandary, Akshay Shankar, Vivek G Asrani
- 30 Mar 20263 of 3 present1 independent
Corporate Social Responsibility Committee
Chair Aneesha Bhandary
Vinay Vinod Sanghi, Vivek G Asrani
- 30 Mar 20263 of 3 present1 independent · 60 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. Batliboi & Associates LLPPeer-review certificate valid to Jul 2027
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.
Cartrade Tech 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.Cartrade Tech share news and announcements
Annual general meeting, 25 Sep 2026
1,44,050 shareholders on the register on 18 Sep 2026; present: 0 promoters and 56 others; votes counted by Mr. Muffaddal Jawadwala / M. Jawadwala & Co..The company's voting result (opens in a new tab)
TO RECEIVE, CONSIDER AND ADOPT; a. THE AUDITED STANDALONE FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026, TOGETHER WITH THE REPORT OF THE BOARD OF DIRECTORS AND THE AUDITORS THEREON. AND b. THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026, TOGETHER WITH THE REPORT OF THE AUDITORS THEREON.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 58.84% · promoters 0.00% · institutions 79.28% · other public 10.19%
- TO APPOINT A DIRECTOR IN PLACE OF MRS. ANEESHA BHANDARY (DIN: 07779195) WHO RETIRES BY ROTATION, AND BEING ELIGIBLE, OFFERS HERSELF FOR RE-APPOINTMENT.Ordinary78.95% for21.05% against
Against: promoters 0.00% · institutions 22.19% · other public 0.00%
Turnout: all 58.84% · promoters 0.00% · institutions 79.29% · other public 10.19%
APPROVAL OF RELATED PARTY TRANSACTION BETWEEN SHRIRAM AUTOMALL INDIA LIMITED, SUBSIDIARY OF THE COMPANY WITH SHRIRAM FINANCE LIMITED AND CARTRADEEXCHANGE SOLUTIONS PRIVATE LIMITED, STEP-DOWN SUBSIDIARY OF THE COMPANY WITH SHRIRAM FINANCE LIMITED, FOR THE FINANCIAL YEAR 2026-27.MoreLess
Ordinary93.38% for6.62% againstAgainst: promoters 0.00% · institutions 6.67% · other public 0.04%
Turnout: all 56.25% · promoters 0.00% · institutions 79.29% · other public 1.42%
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, 3 Mar 2026, 1 resolution
1,49,637 shareholders on the register on 23 Jan 2026; votes counted by Mr. Muffaddal Jawadwala / M. Jawadwala & Co..The company's voting result (opens in a new tab)
- TO CONSIDER AND APPROVE INCREASE IN REMUNERATION OF MRS. ANEESHA BHANDARY (DIN: 07779195), EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER (CFO) OF THE COMPANY.Special99.93% for0.07% against
Against: promoters 0.00% · institutions 0.07% · other public 7.87%
Turnout: all 53.79% · promoters 0.00% · institutions 72.06% · other public 0.10%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 25 Sep 2025, 5 resolutions
1,55,793 shareholders on the register on 18 Sep 2025; present: 0 promoters and 47 others; votes counted by Mr. Muffaddal Jawadwala / M. Jawadwala & Co..The company's voting result (opens in a new tab)
TO RECEIVE, CONSIDER AND ADOPT; a. THE AUDITED STANDALONE FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2025, TOGETHER WITH THE REPORT OF THE BOARD OF DIRECTORS AND THE AUDITORS THEREON. b. THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2025, TOGETHER WITH THE REPORT OF THE AUDITORS THEREON.MoreLess
Ordinary99.95% for0.05% againstAgainst: promoters 0.00% · institutions 0.05% · other public 0.00%
Turnout: all 74.53% · promoters 0.00% · institutions 89.20% · other public 21.40%
- 2 - TO APPOINT A DIRECTOR IN PLACE OF MR. VICTOR ANTHONY PERRY III (DIN: 06992828) WHO RETIRES BY ROTATION, AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENTOrdinary95.66% for4.34% against
Against: promoters 0.00% · institutions 4.62% · other public 0.01%
Turnout: all 74.75% · promoters 0.00% · institutions 89.48% · other public 21.40%
- 3 - APPOINTMENT OF M/S M. JAWADWALA & CO., PRACTICING COMPANY SECRETARIES AS SECRETARIAL AUDITOR OF THE COMPANY FOR A PERIOD OF 5 YEARS FROM FINANCIAL YEAR 2025- 26 TILL FINANCIAL YEAR 2029-30Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 74.75% · promoters 0.00% · institutions 89.48% · other public 21.40%
4 - APPROVAL OF RELATED PARTY TRANSACTION BETWEEN SHRIRAM AUTOMALL INDIA LIMITED, SUBSIDIARY OF THE COMPANY WITH SHRIRAM FINANCE LIMITED AND CARTRADEEXCHANGE SOLUTIONS PRIVATE LIMITED, STEP-DOWN SUBSIDIARY OF THE COMPANY WITH SHRIRAM FINANCE LIMITED, FOR THE FINANCIAL YEAR 2025-26MoreLess
Ordinary98.00% for2.00% againstAgainst: promoters 0.00% · institutions 2.13% · other public 0.02%
Turnout: all 74.75% · promoters 0.00% · institutions 89.48% · other public 21.40%
- 5 - TO CONSIDER AND APPROVE THE REMUNERATION OF MR. VINAY VINOD SANGHI (DIN: 00309085), MANAGING DIRECTOR OF THE COMPANYSpecial95.92% for4.08% against
Against: promoters 0.00% · institutions 4.35% · other public 0.02%
Turnout: all 74.75% · promoters 0.00% · institutions 89.48% · other public 21.40%
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, 2 May 2025, 2 resolutions
1,96,945 shareholders on the register on 28 Mar 2025; votes counted by Mr. Muffaddal Jawadwala / M. Jawadwala & Co..The company's voting result (opens in a new tab)
- Re-appointment of Mr. Vinay Vinod Sanghi (DIN:00309085), as the Managing Director of the CompanyOrdinary91.51% for8.49% against
Against: promoters 0.00% · institutions 8.63% · other public 4.05%
Turnout: all 69.98% · promoters 0.00% · institutions 88.87% · other public 9.11%
- To approve Appointment of Mr. Steven Douglas Greenfield (DIN:10916964) as Non-Executive Independent DirectorSpecial99.85% for0.15% against
Against: promoters 0.00% · institutions 0.02% · other public 4.05%
Turnout: all 69.98% · promoters 0.00% · institutions 88.87% · other public 9.11%
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, 27 Sep 2024, 5 resolutions
Present: 0 promoters and 46 others.The company's voting result (opens in a new tab)
1. TO RECEIVE, CONSIDER AND ADOPT; a. THE AUDITED STANDALONE FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2024, TOGETHER WITH THE REPORT OF THE BOARD OF DIRECTORS AND AUDITORS THEREON. b. THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2024, TOGETHER WITH THE REPORT OF THE AUDITORS THEREON.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 55.18% · promoters 0.00% · institutions 70.64% · other public 11.87%
- 2. TO APPOINT A DIRECTOR IN PLACE OF MRS. ANEESHA BHANDARY (DIN: 07779195) WHO RETIRES BY ROTATION, AND BEING ELIGIBLE, OFFERS HERSELF FOR RE-APPOINTMENT;Ordinary98.78% for1.22% against
Against: promoters 0.00% · institutions 1.28% · other public 0.18%
Turnout: all 55.20% · promoters 0.00% · institutions 70.66% · other public 11.87%
- 3. REAPPOINTMENT OF S.R. BATLIBOI & ASSOCIATES LLP, CHARTERED ACCOUNTANTS (FIRM REGISTRATION NUMBER: 101049W/E300004), AS STATUTORY AUDITORS OF THE COMPANY FOR A PERIOD OF FOUR YEARS;Ordinary99.37% for0.63% against
Against: promoters 0.00% · institutions 0.66% · other public 0.06%
Turnout: all 55.20% · promoters 0.00% · institutions 70.66% · other public 11.86%
- 4. APPROVAL OF RELATED PARTY TRANSACTION BETWEEN SHRIRAM AUTOMALL INDIA LIMITED AND SHRIRAM FINANCE LIMITEDOrdinary89.59% for10.41% against
Against: promoters 0.00% · institutions 11.03% · other public 0.06%
Turnout: all 55.20% · promoters 0.00% · institutions 70.66% · other public 11.87%
- 5. TO APPROVE REMUNERATION OF MRS. ANEESHA BHANDARY (DIN: 07779195), EXECUTIVE DIRECTOR AND CFO OF THE COMPANYSpecial94.95% for5.05% against
Against: promoters 0.00% · institutions 5.34% · other public 0.20%
Turnout: all 55.20% · promoters 0.00% · institutions 70.66% · other public 11.87%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 27 Sep 2023, 4 resolutions
Present: 0 promoters and 60 others.The company's voting result (opens in a new tab)
1 - TO RECEIVE, CONSIDER AND ADOPT;na. THE AUDITED STANDALONE FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2023, TOGETHER WITH THE REPORT OF THE BOARD OF DIRECTORS AND THE AUDITORS THEREON; andnb. THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2023, TOGETHER WITH THE REPORT OF THE AUDITORS THEREON.nMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 63.31% · promoters 0.00% · institutions 81.28% · other public 10.31%
- 2 - TO APPOINT A DIRECTOR IN PLACE OF MR. VICTOR ANTHONY PERRY III (DIN: 06992828) WHO RETIRES BY ROTATION, AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT.Ordinary90.05% for9.95% against
Against: promoters 0.00% · institutions 10.32% · other public 0.27%
Turnout: all 70.68% · promoters 0.00% · institutions 91.16% · other public 10.31%
- 3 - APPROVAL OF RELATED PARTY TRANSACTION BETWEEN SHRIRAM AUTOMALL INDIA LIMITED AND SHRIRAM FINANCE LIMITED (FORMERLY KNOWN AS SHRIRAM TRANSPORT FINANCE COMPANY LIMITED) (“SFL”).Ordinary98.69% for1.31% against
Against: promoters 0.00% · institutions 1.37% · other public 0.11%
Turnout: all 63.31% · promoters 0.00% · institutions 81.28% · other public 10.31%
- 4 - TO CONSIDER AND APPROVE INCREASE IN REMUNERATION OF MRS. ANEESHA BHANDARY (DIN: 07779195), EXECUTIVE DIRECTOR AND CFO OF THE COMPANY.Special93.00% for7.00% against
Against: promoters 0.00% · institutions 7.25% · other public 0.35%
Turnout: all 70.71% · promoters 0.00% · institutions 91.19% · other public 10.31%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 27 May 2023, 5 resolutions
The company's voting result (opens in a new tab)
- To consider and approve increase in remuneration of Mr. Vinay Vinod Sanghi (DIN: 00309085), Chairman and Managing Director of the company.Special85.59% for14.41% against
Against: promoters 0.00% · institutions 15.09% · other public 3.82%
Turnout: all 74.08% · promoters 0.00% · institutions 93.53% · other public 17.32%
- Approval of re-appointment of Mr. Lakshminarayanan Subramanian (DIN: 02808698) as a Non-Executive Independent Director for a second term of five years.Special98.95% for1.05% against
Against: promoters 0.00% · institutions 1.06% · other public 0.85%
Turnout: all 74.08% · promoters 0.00% · institutions 93.53% · other public 17.32%
- Approval of re-appointment of Mrs. Kishori Jayendra Udeshi (DIN: 01344073) as a Non-Executive Independent Director for a second term of five years.Special98.22% for1.78% against
Against: promoters 0.00% · institutions 1.84% · other public 0.86%
Turnout: all 74.08% · promoters 0.00% · institutions 93.53% · other public 17.32%
- Approval of re-appointment of Mr. Vivek Gul Asrani (DIN: 00114447) as a Non-Executive Independent Director for a second term of five years.Special98.44% for1.56% against
Against: promoters 0.00% · institutions 1.60% · other public 0.86%
Turnout: all 74.08% · promoters 0.00% · institutions 93.53% · other public 17.32%
- Ratification and approval of grant of ESOP Options under Employee Stock Option Plan 2014 To Mr. Victor Anthony Perry III, Non-Executive Director of the Company.Special99.58% for0.42% against
Against: promoters 0.00% · institutions 0.39% · other public 0.99%
Turnout: all 74.08% · promoters 0.00% · institutions 93.53% · other public 17.32%
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, 27 Sep 2022, 5 resolutions
Present: 0 promoters and 43 others.The company's voting result (opens in a new tab)
1 - To Receive, Consider and Adopt;na.The Audited Standalone Financial Statements of the Company for the Financial Year Ended March 31, 2022, together with the report of the Board Of Directors and the Auditors thereon. nb.The Audited Consolidated Financial Statements of the Company for the Financial Year Ended March 31, 2022, together with the report of the Auditors thereon. nMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 77.62% · promoters 0.00% · institutions 82.45% · other public 75.86%
- 2 - To Appoint a director in place of Mrs. Aneesha Menon (Din: 07779195) who retires by rotation, and being eligible, offers herself for re-appointment.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 77.62% · promoters 0.00% · institutions 82.45% · other public 75.86%
- 3 - To approve increase in remuneration of Mrs. Aneesha Menon (Din: 07779195), Executive Director and Chief Financial officer of the Company.Special89.82% for10.18% against
Against: promoters 0.00% · institutions 35.85% · other public 0.02%
Turnout: all 77.62% · promoters 0.00% · institutions 82.45% · other public 75.86%
- 4 - To approve remuneration of Mr. Vinay Vinod Sanghi (Din: 00309085), Chairman and Managing Director of the Company.Special92.47% for7.53% against
Against: promoters 0.00% · institutions 25.81% · other public 0.02%
Turnout: all 75.52% · promoters 0.00% · institutions 82.45% · other public 72.99%
- 5 - Approval of related party transaction between Shriram Automall India Limited and Shriram Transport Finance Company Limited.Ordinary89.69% for10.31% against
Against: promoters 0.00% · institutions 31.12% · other public 2.06%
Turnout: all 74.82% · promoters 0.00% · institutions 79.59% · other public 73.09%
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 25 Sep 2026, 15 fund houses so far (houses' deadline to file 15 Oct 2026)
TO RECEIVE, CONSIDER AND ADOPT; a. THE AUDITED STANDALONE FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026, TOGETHER WITH THE REPORT OF THE BOARD OF DIRECTORS AND THE AUDITORS THEREON. AND b. THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026, TOGETHER WITH THE REPORT OF THE AUDITORS THEREON.MoreLess
15 for0 against- TO APPOINT A DIRECTOR IN PLACE OF MRS. ANEESHA BHANDARY (DIN: 07779195) WHO RETIRES BY ROTATION, AND BEING ELIGIBLE, OFFERS HERSELF FOR RE-APPOINTMENT.
Against Angel One Mutual Fund, Edelweiss Mutual Fund, LIC Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundShareholders’ approval not sought for re-appointment despite term exceeding 5 years.
- Edelweiss Mutual Fund, LIC Mutual Fund, Navi Mutual FundCompliant with law. No governance concern is identified with regard to the profile, time commitments, and attendance of Mrs. Aneesha Bhandary. Governance Concern: Term as Executive Director completed 5 years on 23rd April, 2026, and re-appointment as Executive Director for a further term with a defined period has not been placed before shareholders for approval even after completion of the previous term. Re-appointment as Director pursuant to rotation cannot be equated with a specific term as Executive Director.
11 for4 against APPROVAL OF RELATED PARTY TRANSACTION BETWEEN SHRIRAM AUTOMALL INDIA LIMITED, SUBSIDIARY OF THE COMPANY WITH SHRIRAM FINANCE LIMITED AND CARTRADEEXCHANGE SOLUTIONS PRIVATE LIMITED, STEP-DOWN SUBSIDIARY OF THE COMPANY WITH SHRIRAM FINANCE LIMITED, FOR THE FINANCIAL YEAR 2026-27.MoreLess
Against Angel One Mutual Fund, Edelweiss Mutual Fund, LIC Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundInadequate disclosure regarding basis of arm’s length pricing; proposed Related Party Transaction limits are high and no adequate justification for the Related Party Transactions.
- Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. Governance and Transparency Concern: Inadequate disclosure regarding the basis of arm’s length pricing for investment-related RPTs. Further, the proposed RPT limits are significantly higher than the previous year RPT values and are even more significant when considering the size of the subsidiary companies involved. These factors stand to be a concern, particularly for the investment-related RPTs proposed, as to how the size of investments to be made by the subsidiary companies can be at par with or exceed their size, and the justification given also does not provide any background behind the RPTs, especially when the same is also a legal requirement as per SEBI Circular read with ISF Standards.
- LIC Mutual FundCompliant with law. Governance and Transparency Concern: Inadequate disclosure regarding the basis of arm s length pricing for investment-related RPTs. Further, the proposed RPT limits are significantly higher than the previous year RPT values and are even more significant when considering the size of the subsidiary companies involved. These factors stand to be a concern, particularly for the investment-related RPTs proposed, as to how the size of investments to be made by the subsidiary companies can be at par with or exceed their size, and the justification given also does not provide any background behind the RPTs, especially when the same is also a legal requirement as per SEBI Circular read with ISF Standards.
11 for4 against
Mutual fund votes, meeting of 3 Mar 2026, 13 fund houses
- TO CONSIDER AND APPROVE INCREASE IN REMUNERATION OF MRS. ANEESHA BHANDARY (DIN: 07779195), EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER (CFO) OF THE COMPANY.13 for0 against
6 earlier meetings
Mutual fund votes, meeting of 25 Sep 2025, 15 fund houses
TO RECEIVE, CONSIDER AND ADOPT; a. THE AUDITED STANDALONE FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2025, TOGETHER WITH THE REPORT OF THE BOARD OF DIRECTORS AND THE AUDITORS THEREON. b. THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2025, TOGETHER WITH THE REPORT OF THE AUDITORS THEREON.MoreLess
15 for0 against- 2 - TO APPOINT A DIRECTOR IN PLACE OF MR. VICTOR ANTHONY PERRY III (DIN: 06992828) WHO RETIRES BY ROTATION, AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT
Against Bank of India Mutual Fund
- Bank of India Mutual FundVictor Anthony Perry III, 72, is the former president and CEO of TrueCar, Inc. He was the first employee of AutoTrader.com, and was CEO until 2013. He has been on the board of the company since 22 October 2014. While his reappointment is in line with statutory requirements, we raise concern over his low board attendance - he attended only 53% of the board meetings held over the last three years. Although he attended 75% (three out of four) meetings in FY25, we do not support director’s reappointments where attendance improves only in the year of reappointment. We do not support the resolution.
14 for1 against - 3 - APPOINTMENT OF M/S M. JAWADWALA & CO., PRACTICING COMPANY SECRETARIES AS SECRETARIAL AUDITOR OF THE COMPANY FOR A PERIOD OF 5 YEARS FROM FINANCIAL YEAR 2025- 26 TILL FINANCIAL YEAR 2029-3015 for0 against
4 - APPROVAL OF RELATED PARTY TRANSACTION BETWEEN SHRIRAM AUTOMALL INDIA LIMITED, SUBSIDIARY OF THE COMPANY WITH SHRIRAM FINANCE LIMITED AND CARTRADEEXCHANGE SOLUTIONS PRIVATE LIMITED, STEP-DOWN SUBSIDIARY OF THE COMPANY WITH SHRIRAM FINANCE LIMITED, FOR THE FINANCIAL YEAR 2025-26MoreLess
Against Angel One Mutual Fund, Bandhan Mutual Fund, Capitalmind Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance concern: Inadequate disclosures with respect to basis of arm’s length pricing.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Inadequate disclosures with respect to basis of arm’s length pricing.
- Capitalmind Mutual FundCompliant with law. Governance concern: Inadequate disclosures with respect to the breakup of the amount.
9 for6 against- 5 - TO CONSIDER AND APPROVE THE REMUNERATION OF MR. VINAY VINOD SANGHI (DIN: 00309085), MANAGING DIRECTOR OF THE COMPANY
Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance and Transparency concern: Combined position of Chairman and Managing Director. No clarity regarding remuneration received from the subsidiary company.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance and Transparency concern: Combined position of Chairman and Managing Director. No clarity regarding remuneration received from the subsidiary company.
10 for5 against
Mutual fund votes, meeting of 2 May 2025, 15 fund houses
- Re-appointment of Mr. Vinay Vinod Sanghi (DIN:00309085), as the Managing Director of the Company
Against Angel One Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance Concern: the Company should have separated the position of Chairperson from the Management position.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merits of the Director. Governance Concern: Combined position of Chairperson & Managing Director.
- Bank of India Mutual FundVinay Sanghi, 53, is the Founder, Chairperson and Managing Director of CarTrade Tech Limited. He held 2.66% of the company’s equity (direct holding) on 31 March 2025. He has attended all four board meetings held in FY25 till the date of the notice. Although we support his reappointment, we do not support the resolution since the terms of his remuneration have not been disclosed. Therefore, we are unable to make an informed decision with respect to the proposed remuneration. We also note that Vinay Sanghi is eligible to be granted stock options since he is classified as a founder but not a promoter – a practice we do not support.
9 for6 against - To approve Appointment of Mr. Steven Douglas Greenfield (DIN:10916964) as Non-Executive Independent Director15 for0 against
Mutual fund votes, meeting of 27 Sep 2024, 8 fund houses
1. TO RECEIVE, CONSIDER AND ADOPT; a. THE AUDITED STANDALONE FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2024, TOGETHER WITH THE REPORT OF THE BOARD OF DIRECTORS AND AUDITORS THEREON. b. THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2024, TOGETHER WITH THE REPORT OF THE AUDITORS THEREON.MoreLess
8 for0 against- 2. TO APPOINT A DIRECTOR IN PLACE OF MRS. ANEESHA BHANDARY (DIN: 07779195) WHO RETIRES BY ROTATION, AND BEING ELIGIBLE, OFFERS HERSELF FOR RE-APPOINTMENT;8 for0 against
- 3. REAPPOINTMENT OF S.R. BATLIBOI & ASSOCIATES LLP, CHARTERED ACCOUNTANTS (FIRM REGISTRATION NUMBER: 101049W/E300004), AS STATUTORY AUDITORS OF THE COMPANY FOR A PERIOD OF FOUR YEARS;
Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliant with Section 139 of Companies Act: Proposed reappointment for period of 4 years. Governance concern: No justification for the material change in proposed Audit fee in case of re-appointment as proposed audit fee is 75% higher comparatively to fees paid to auditor previously for FY 2023-2024.
5 for3 against - 4. APPROVAL OF RELATED PARTY TRANSACTION BETWEEN SHRIRAM AUTOMALL INDIA LIMITED AND SHRIRAM FINANCE LIMITED
Against Bandhan Mutual Fund, Franklin Templeton Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Basis for Arm’s length pricing not disclosed. Inadequate Justification for proposed transaction.
- Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted because: • There is lack of sufficient information and relevant details, which makes it difficult for shareholders to make a fair assessment and • The transaction involves provision of financial assistance to an entity where the company does not hold 75 percent shareholding in the entity.
4 for4 against - 5. TO APPROVE REMUNERATION OF MRS. ANEESHA BHANDARY (DIN: 07779195), EXECUTIVE DIRECTOR AND CFO OF THE COMPANY8 for0 against
Mutual fund votes, meeting of 27 Sep 2023, 5 fund houses
1 - TO RECEIVE, CONSIDER AND ADOPT;na. THE AUDITED STANDALONE FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2023, TOGETHER WITH THE REPORT OF THE BOARD OF DIRECTORS AND THE AUDITORS THEREON; andnb. THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2023, TOGETHER WITH THE REPORT OF THE AUDITORS THEREON.nMoreLess
5 for0 against- 2 - TO APPOINT A DIRECTOR IN PLACE OF MR. VICTOR ANTHONY PERRY III (DIN: 06992828) WHO RETIRES BY ROTATION, AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT.
Against Aditya Birla Sun Life Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund
- Aditya Birla Sun Life Mutual FundVictor Anthony Perry III, 70, Former President and CEO of TrueCar Inc., a Santa Monica-based- automotive pricing and information website. He has been on the board since October 2014 and retires by rotation. During FY23, Victor Anthony Perry III attended three of six board meetings (50%) and his aggregate attendance over the last three financial years has been 38% (11/29) board meetings. We have a threshold of 75% attendance over a three year period. Even while his appointment is in line with statutory regulations, we are unable to support the reappointment given his low attendance.
- Kotak Mahindra Mutual FundMr. Victor Anthony Perry III, 70, has more than 5 decades of industry expertise. He is the former president and CEO of TrueCar, Inc. He has been associated with the group for 8 years. Even though he is helped the company take various strategic decisions, his attendance in the board meetings for the last financial year and last 2 years prior to FY22-23 was low. We believe that the directors have a fiduciary duty to devote sufficient time for company s affairs. Hence voting AGAINST .
- Motilal Oswal Mutual FundCompliant with Law. Governance concern: Low attendance at board meetings
2 for3 against - 3 - APPROVAL OF RELATED PARTY TRANSACTION BETWEEN SHRIRAM AUTOMALL INDIA LIMITED AND SHRIRAM FINANCE LIMITED (FORMERLY KNOWN AS SHRIRAM TRANSPORT FINANCE COMPANY LIMITED) (“SFL”).5 for0 against
- 4 - TO CONSIDER AND APPROVE INCREASE IN REMUNERATION OF MRS. ANEESHA BHANDARY (DIN: 07779195), EXECUTIVE DIRECTOR AND CFO OF THE COMPANY.5 for0 against
Mutual fund votes, meeting of 27 May 2023, 4 fund houses
- To consider and approve increase in remuneration of Mr. Vinay Vinod Sanghi (DIN: 00309085), Chairman and Managing Director of the company.
Against Aditya Birla Sun Life Mutual Fund, HDFC Mutual Fund, Kotak Mahindra Mutual Fund
- Aditya Birla Sun Life Mutual FundVinay Vinod Sanghi, 54, is the Founder, Chairperson and Managing Director of CarTrade. He was appointed as Chairperson and Managing Director with effect from 1 April 2021 to 31 March 2026 for a period of five years. Vinay Vinod Sanghi’s FY23 remuneration aggregated to Rs. 184.8 mn, including fair value of Pre-IPO stock options. We estimate his FY24 remuneration at Rs 212.7 mn, which includes along with fixed pay and performance incentives, fair value of stock options granted Pre-IPO and not vested and an additional 235,120 stock options (estimated to be granted) in FY24. His estimated proposed remuneration of Rs 212.7 mn (including stock options) is high for the size and profitability of the business. Further, there is no clarity with respect to future stock option grants – while Vinay Vinod Sanghi is founder, he is not classified as a promoter. Further, he is a member of the Nomination and Remuneration Committee, which may result in a conflict of interest.
- HDFC Mutual FundThe proposed remuneration is high considering the size and complexity of the business
- Kotak Mahindra Mutual FundMr. Vinay Vinod Sanghi, Chairman and Managing Director of the Company. He is the founder of the company and has over three decades of industry expertise. His presence on the board will be highly beneficial given his knowledge and expertise. He has been associated with the company for over three decades and has attended all the board meetings in the last financial year. The proposed remuneration is at an increase of 12%. We vote against the resolution as promoter remuneration is exceeding stipulated limits and also the growth in remuneration is not in line with growth in sales/profits and also significantly higher than peers.
1 for3 against - Approval of re-appointment of Mr. Lakshminarayanan Subramanian (DIN: 02808698) as a Non-Executive Independent Director for a second term of five years.
Against Kotak Mahindra Mutual Fund
- Kotak Mahindra Mutual FundLakshminarayanan Subramanian, 76 was a member of the Indian Administrative Services and has served as a Secretary to the Government of India, Ministry of Home Affairs. The company is proposing to re-appoint her as an Independent Director. Earlier he was appointed as an Independent Director till 12th May 2023. According to re-appointment of IDs on the Board under Section 149(10) of the Companies Act 2013 the resolution should be passed before his last day, hence the re-appointment is not in accordance to the law. Further. He has been associated with the group for over 12 years. We believe that the length of tenure is inversely proportionate to the independence of a director. Therefore, we do not consider former group employees as independent.
3 for1 against - Approval of re-appointment of Mrs. Kishori Jayendra Udeshi (DIN: 01344073) as a Non-Executive Independent Director for a second term of five years.
Against Kotak Mahindra Mutual Fund
- Kotak Mahindra Mutual FundKishori Jayendra Udeshi, 79 she is an associate of the Indian Institute of Bankers. She was appointed as deputy governor of the Reserve Bank of India from June 10, 2003 to October 12, 2005. Earlier she was appointed as an Independent Director till 22nd April 2023. According to re-appointment of IDs on the Board under Section 149(10) of the Companies Act 2013 the resolution should be passed before her last day, hence the re-appointment is not in accordance to the law.
3 for1 against - Approval of re-appointment of Mr. Vivek Gul Asrani (DIN: 00114447) as a Non-Executive Independent Director for a second term of five years.
Against Kotak Mahindra Mutual Fund
- Kotak Mahindra Mutual FundVivek Gul Asrani, 54 has over three decades of experience in setting up distribution networks, organizational systems, manufacturing systems and overall people and process management. Earlier he was appointed as an Independent Director till 22nd April 2023. According to re-appointment of IDs on the Board under Section 149(10) of the Companies Act 2013 the resolution should be passed before his last day, hence the re-appointment is not in accordance to the law.
3 for1 against - Ratification and approval of grant of ESOP Options under Employee Stock Option Plan 2014 To Mr. Victor Anthony Perry III, Non-Executive Director of the Company.4 for0 against
Mutual fund votes, meeting of 27 Sep 2022, 5 fund houses
1 - To Receive, Consider and Adopt;na.The Audited Standalone Financial Statements of the Company for the Financial Year Ended March 31, 2022, together with the report of the Board Of Directors and the Auditors thereon. nb.The Audited Consolidated Financial Statements of the Company for the Financial Year Ended March 31, 2022, together with the report of the Auditors thereon. nMoreLess
5 for0 against- 2 - To Appoint a director in place of Mrs. Aneesha Menon (Din: 07779195) who retires by rotation, and being eligible, offers herself for re-appointment.5 for0 against
- 3 - To approve increase in remuneration of Mrs. Aneesha Menon (Din: 07779195), Executive Director and Chief Financial officer of the Company.5 for0 against
- 4 - To approve remuneration of Mr. Vinay Vinod Sanghi (Din: 00309085), Chairman and Managing Director of the Company.
Against Aditya Birla Sun Life Mutual Fund, Bank of India Mutual Fund, Kotak Mahindra Mutual Fund
- Aditya Birla Sun Life Mutual Fund, Bank of India Mutual FundVinay Vinod Sanghi, 53, is the Founder, Chairperson and Managing Director of CarTrade. He was appointed as Chairperson and Managing Director with effect from 1 April 2021 to 31 March 2026 for a period of five years. Vinay Vinod Sanghi’s FY22 remuneration aggregated to Rs. 17.7 bn, including fair value of stock options vested during the year. We estimate his remuneration to aggregate Rs. 246 mn in FY23, which includes fair value of stock options, and a fixed cash pay of Rs. 64.6 mn. His fixed pay and the aggregate remuneration (including stock options) is high for the size and profitability of the business. Further, there is no clarity with respect to future stock option grants – while Vinay Vinod Sanghi is founder, he is not a promoter and a member of the Nomination and Remuneration Committee. Given the size of his proposed remuneration and the lack of clarity with respect to proposed stock option grants, we do not support his remuneration.
- Kotak Mahindra Mutual FundVinay Vinod Sanghi, 53 is the Chairman and Managing Director of Cartrade Tech Limited. He has over three decades of experience in the automobile industry. He has previously been associated with Mahindra First Choice Wheels Limited and Project Automobiles (Bombay) Private Limited. He has been associated with the company over 13 years. The remuneration proposed is at a 12% increase. The company clarified the ESOPs granted to him were before the company went public and he hasn t exercised any ESOPs in 2021-22. Taking the ESOPs in consideration the overall remuneration goes to Rs. 176 crore which is way above the industry average and not in line with the company s profits. Hence voting .
2 for3 against - 5 - Approval of related party transaction between Shriram Automall India Limited and Shriram Transport Finance Company Limited.
Against Aditya Birla Sun Life Mutual Fund, Bank of India Mutual Fund, HDFC Mutual Fund
- Aditya Birla Sun Life Mutual Fund, Bank of India Mutual FundSAMIL, provides fee-based facilitation services for the sale of pre-owned commercial and passenger vehicles, agricultural and construction equipment, dealer’s stock of pre-owned two wheelers, etc. repossessed by banks and financing companies. It is a 55.43% subsidiary, the balance shareholding being with STFCL. While we support the operational transactions, we raise concern over the financial supported extended by SAMIL to STFCL in the form of inter-corporate deposits at an interest of 4% per annum. Additionally, with the changes to related party transaction regulations, we believe the company must specify a duration for which it is seeking approval. In the absence of a tenure for the transaction, the resolution effectively becomes perpetual in nature, which we do not support. Shareholders must be allowed to have a periodic opportunity to review their decisions.
- HDFC Mutual FundWhile the transactions are being entered in the ordinary course of business, there is lack of clarity on whether all transactions are at arms length.
2 for3 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 penaltyReserve Bank of IndiaSince 19 Jun 2026
The Reserve Bank of India (RBI) passed the compounding order vide Order No. CA No. MC07323 dated June 19, 2026.
Contravention of Regulation 8(3) of FEMA 20/2000-RB. - Tax disputeIncome Tax for FY2016-17Since 28 Dec 2019The Company has filed appeal against order under section 143(3) of the Act dated December 28, 2019
- Tax disputeIncome Tax for FY2017-18Since 23 Mar 2021
The Company has filed an appeal against order received u/s 143(3) on March 10, 2022 to take the merger on record. - Appeal dismissed by CIT in Feb 26 and we have filed Appeal filed with ITAT on Apr 26.MoreLess
At the filing before: The Company has filed an appeal against order received u/s 143(3) on March 10, 2022 to take the merger on record. - Tax disputeIncome Tax for FY2019-20Since 17 Mar 2025We have filed a letter with the Assessing Officer (AO) for rectification on 10-04-2026 We have filed reminder letter with department on 08.07.2026.At the filing before: We have filed a letter with the Assessing Officer (AO) for rectification.
- Tax disputeIncome Tax for FY2020-21Since 16 Mar 2026We have received a final demand of Rs.5,520/-. We are in the process of paying the same.At the filing before: Final demand raised by department of Rs.5,520/-
- Tax disputeService Tax for FY2017-18Since 14 Feb 2021The Company has replied via mail dated January 28, 2021 to the department. Since then, we have not received any notices or communications for any details to submit.
- Tax disputeGoods and Service Tax (IPO Expenses) FY2018-19 to FY2023-24Since 8 Dec 2025We have filed reply in reponse to the SCN received on 23.01.2026.At the filing before: The Company is in a process to file the reply in reponse to the SCN received
- Tax disputeIncome Tax FY2023-24Since 23 Mar 2026We have filed rectification letter with department on 10.04.2026. We have filed reminder letter with department on 08.07.2026.At the filing before: Normal Tax Demand raised by department of Rs.24,98,407/ for FY2023-24
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
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- 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.