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Castrol India MD, chairman, board of directors and AGM

NSE: CASTROLINDBSE: 500870Petroleum ProductsSmall Cap

Last close ₹194.64down ₹2.74 (1.39%)BSE ₹194.80

Share price at the NSE close on 23 Oct 2026. Previous close ₹197.38.

52-week range of traded prices to 23 Oct 2026
₹170.10Low, 24 Mar 2026₹203.40High, 28 Sep 2026
Market cap
₹19,252 Cr365th largest listed
P/E
18.1
P/B
10.1
Dividend yield
5.91%
ROE
57.0%
ROCE
73.7%
Debt to equity
0.00
Volume, NSE
26,10,51167.5% delivered

Castrol India board of directors

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

  • ChairpersonRakesh Makhija
  • Managing directorSaugata Basuray
  • Company Secretary and Compliance OfficerHemangi Ghag

7 directors3 independent2 executive2 non-executive

  • Rakesh Makhija · ChairpersonIndependent · joined Oct 2019 · reappointed Oct 2024 · 84 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Sangeeta TalwarIndependent · joined Jul 2018 · reappointed Jul 2023 · 98 months as independent · 2 listed boards · 2 as independent · 6 committee seats
  • Satyavati BereraIndependent · joined Oct 2024 · reappointed Oct 2024 · 24 months as independent · 4 listed boards · 4 as independent · 5 committee seats, 3 as chair
  • Kartikeya DubeNominee, non-executive · joined Jul 2024 · 2 listed boards · 1 as independent
  • Nisha TrivediNominee, non-executive · joined Feb 2025 · 1 listed board · 1 committee seat
  • Mrinalini SrinivasanExecutive · joined Jul 2025 · 1 listed board · 1 committee seat
  • Saugata Basuray · Managing directorExecutive · joined Jun 2026 · 1 listed board · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

5 directors who left
  • Kedar Lele, left 31 Dec 2025: Others
  • Deepesh Baxi, left 13 Mar 2025: Others
  • Udayan Sen, left 28 Feb 2025: Others
  • Sashi Mukundan, left 31 Oct 2024: Others
  • Sandeep Sangwan, left 31 Oct 2024: Others

Committees and meetings

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

  • Board

    • 4 Aug 20267 of 7 present3 independent · 67 days in between
    • 28 May 20264 of 7 present3 independent · 29 days in between
    • 28 Apr 20267 of 7 present3 independent

  • Audit Committee

    Chair Satyavati Berera

    Rakesh Makhija, Sangeeta Talwar, Nisha Trivedi

    • 4 Aug 20264 of 4 present3 independent · no day in between
    • 3 Aug 20263 of 4 present3 independent · 117 days in between
    • 28 Apr 20264 of 4 present3 independent · no day in between
    • 27 Apr 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Sangeeta Talwar

    Rakesh Makhija, Satyavati Berera, Kartikeya Dube

    • 3 Aug 20264 of 4 present3 independent
    • 28 May 20264 of 4 present3 independent · 30 days in between
    • 27 Apr 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Rakesh Makhija

    Saugata Basuray, Mrinalini Srinivasan

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Saugata Basuray

    Satyavati Berera, Mrinalini Srinivasan, Siddharth Shetty

    • 10 Sep 20263 of 3 present1 independent · 37 days in between
    • 7 Apr 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair Sangeeta Talwar

    Rakesh Makhija, Kartikeya Dube, Saugata Basuray, Mrinalini Srinivasan

    No meeting listed in the filing.

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 Dec 2025.

  • Deloitte Haskins & Sells 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.

Castrol India AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Castrol India dividend history

Postal ballot, 22 Aug 2026

5,51,355 shareholders on the register on 17 Jul 2026; votes counted by Mr. K G Saraf / Saraf & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Saugata Basuray (DIN: 09522239) as Managing Director of the Company with effect from 1 June 2026 for a term of 5 (five) consecutive years.
    Ordinary
    99.75% for0.25% against

    Against: promoters 0.00% · institutions 0.86% · other public 1.63%

    Turnout: all 71.01% · promoters 100.00% · institutions 83.58% · other public 4.58%

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 Mar 2026, 4 resolutions

5,56,350 shareholders on the register on 23 Mar 2026; present: 1 promoter and 73 others; votes counted by Mr. K. G. Saraf / Saraf & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited financial statements of the Company for the Financial year ended 31st December, 2025 and the reports of the Board of Directors and the Statutory Auditors thereon.MoreLess
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.18% · other public 9.15%

    Turnout: all 70.46% · promoters 100.00% · institutions 84.13% · other public 0.19%

  2. To declare Final Dividend of Rs.5.25/- Per Equity Share for Financial Year ended 31st December, 2025.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.09%

    Turnout: all 70.46% · promoters 100.00% · institutions 84.13% · other public 0.19%

  3. To appoint a Director in place of Mr. Kartikeya Dube (DIN: 00929373), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.51% for0.49% against

    Against: promoters 0.00% · institutions 1.73% · other public 15.28%

    Turnout: all 70.46% · promoters 100.00% · institutions 84.13% · other public 0.19%

  4. To ratify the Remuneration Payable to M/s. Kishore Bhatia & Associates, Cost Accountants (Firm Registration # 00294), for the Financial Year ending 31st December 2026.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.99%

    Turnout: all 70.46% · promoters 100.00% · institutions 84.13% · other public 0.19%

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

Postal ballot, 12 Sep 2025, 3 resolutions

5,42,823 shareholders on the register on 8 Aug 2025; votes counted by Mr. K G Saraf / Saraf & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Ms. Mrinalini Srinivasan (DIN: 09682234) as a Director of the Company.
    Ordinary
    99.02% for0.98% against

    Against: promoters 0.00% · institutions 3.32% · other public 8.67%

    Turnout: all 72.00% · promoters 100.00% · institutions 81.09% · other public 0.80%

  2. Appointment of Ms. Mrinalini Srinivasan (DIN: 09682234) as Wholetime Director of the Company for a term of five consecutive years from 28 July 2025 to 27 July 2030.
    Ordinary
    99.25% for0.75% against

    Against: promoters 0.00% · institutions 2.50% · other public 8.70%

    Turnout: all 72.00% · promoters 100.00% · institutions 81.09% · other public 0.80%

  3. Appointment of M/s. Parikh & Associates, Company Secretaries as Secretarial Auditors of the Company for a term of five consecutive years.
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.29% · other public 5.33%

    Turnout: all 72.00% · promoters 100.00% · institutions 81.08% · other public 0.80%

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 Mar 2025, 5 resolutions

5,30,083 shareholders on the register on 18 Mar 2025; present: 1 promoter and 108 others; votes counted by Mr. K. G. Saraf / Saraf & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited financial statements of the Company for the financial year ended 31 December 2024 and the reports of the Board of Directors and the Statutory Auditors thereon. (Ordinary Resolution)MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.12% · other public 2.40%

    Turnout: all 70.63% · promoters 100.00% · institutions 77.14% · other public 0.14%

  2. To declare final dividend of INR 9.5 per equity share (which includes a special dividend of INR 4.5 per equity share) for the financial year ended 31 December 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.54%

    Turnout: all 70.65% · promoters 100.00% · institutions 77.20% · other public 0.14%

  3. To appoint a Director in place of Mr. Saugata Basuray (DIN: 09522239), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.66% for0.34% against

    Against: promoters 0.00% · institutions 1.24% · other public 3.51%

    Turnout: all 70.65% · promoters 100.00% · institutions 77.20% · other public 0.14%

  4. To ratify the remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants, for the financial year ending 31 December 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.97%

    Turnout: all 70.65% · promoters 100.00% · institutions 77.20% · other public 0.14%

  5. To consider and appoint Ms. Nisha Trivedi (DIN: 10937145) as Non-Executive Nominee Director of the Company.
    OrdinaryPromoters have an interest in it
    99.16% for0.84% against

    Against: promoters 0.00% · institutions 3.01% · other public 12.07%

    Turnout: all 70.64% · promoters 100.00% · institutions 77.16% · other public 0.14%

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, 12 Oct 2024, 4 resolutions

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

  1. Appointment of Ms. Satyavati Bereran(DIN: 05002709) as an Independent Director of thenCompany for a term of five consecutive years fromn1 October 2024 to 30 September 2029.
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.12% · other public 1.27%

    Turnout: all 72.81% · promoters 100.00% · institutions 80.82% · other public 5.14%

  2. Appointment of Mr. Kartikeya Dube (DIN: 00929373) as Non-Executive Nominee Director of the Company.
    Ordinary
    99.47% for0.53% against

    Against: promoters 0.00% · institutions 1.79% · other public 1.21%

    Turnout: all 72.81% · promoters 100.00% · institutions 80.82% · other public 5.14%

  3. Appointment of Mr. Kedar Lele (DIN: 06969319) as a Director of the Company.
    Ordinary
    99.47% for0.53% against

    Against: promoters 0.00% · institutions 1.79% · other public 1.20%

    Turnout: all 72.81% · promoters 100.00% · institutions 80.82% · other public 5.14%

  4. Appointment of Mr. Kedar Lele (DIN: 06969319) as Managing Director of the Company for a term of five consecutive years from 1 November 2024 to 31 October 2029.
    Ordinary
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 0.56% · other public 1.20%

    Turnout: all 72.81% · promoters 100.00% · institutions 80.82% · 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.

Annual general meeting, 28 Mar 2024, 6 resolutions

Present: 1 promoter and 87 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited financialnstatements of the Company for the financial year endedn31 December 2023 and the reports of the Board ofnDirectors and the Statutory Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.14%

    Turnout: all 72.63% · promoters 100.00% · institutions 82.94% · other public 0.17%

  2. To declare final dividend of INR 4.50 per equity share fornthe financial year ended 31 December 2023.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.57%

    Turnout: all 72.66% · promoters 100.00% · institutions 83.03% · other public 0.18%

  3. To appoint a Director in place of Mr. Udayan Senn(DIN: 02083527), who retires by rotation and beingneligible, offers himself for re-appointment.
    Ordinary
    93.75% for6.25% against

    Against: promoters 0.00% · institutions 20.99% · other public 4.64%

    Turnout: all 72.65% · promoters 100.00% · institutions 83.03% · other public 0.17%

  4. To appoint a Director in place of Mr. Saugata Basurayn(DIN: 09522239), who retires by rotation and beingneligible, offers himself for re-appointment.
    Ordinary
    95.49% for4.51% against

    Against: promoters 0.00% · institutions 15.14% · other public 4.66%

    Turnout: all 72.65% · promoters 100.00% · institutions 83.03% · other public 0.17%

  5. To ratify the remuneration payable to M/s. Kishore Bhatian& Associates, Cost Accountants (Firm Registration No.:n00294), for the financial year ending 31 December 2024.n
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.42%

    Turnout: all 72.65% · promoters 100.00% · institutions 83.03% · other public 0.17%

  6. To consider and re-appoint Mr. Rakesh Makhijan(DIN: 00117692) as an Independent Director of thenCompany.
    Special
    97.69% for2.31% against

    Against: promoters 0.00% · institutions 7.76% · other public 5.74%

    Turnout: all 72.65% · promoters 100.00% · institutions 83.03% · other public 0.17%

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, 8 Sep 2023, 1 resolution

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

  1. Re-appointment of Ms. Sangeeta Talwar as an Independent Director of the Company
    Special
    96.37% for3.63% against

    Against: promoters 0.00% · institutions 11.49% · other public 1.48%

    Turnout: all 75.34% · promoters 100.00% · institutions 85.15% · other public 2.99%

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, 11 May 2023, 6 resolutions

Present: 1 promoter and 63 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited financial statements of the Company for the financial year ended 31 December 2022 and the reports of the Board of Directors and the Statutory Auditors thereon.MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.08% · other public 1.14%

    Turnout: all 75.30% · promoters 100.00% · institutions 86.70% · other public 0.15%

  2. To declare final dividend on equity shares for the financial year ended 31 December 2022
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.34%

    Turnout: all 75.43% · promoters 100.00% · institutions 87.17% · other public 0.15%

  3. To appoint a Director in place of Mr. Sandeep Sangwan (DIN 08617717), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.39% for0.61% against

    Against: promoters 0.00% · institutions 1.88% · other public 3.98%

    Turnout: all 75.43% · promoters 100.00% · institutions 87.17% · other public 0.15%

  4. To appoint a Director in place of Mr. Mayank Pandey (DIN 09274832), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    93.76% for6.24% against

    Against: promoters 0.00% · institutions 19.27% · other public 4.08%

    Turnout: all 75.43% · promoters 100.00% · institutions 87.17% · other public 0.15%

  5. To ratify the remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants, for the financial year ending 31 December 2023
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.93%

    Turnout: all 75.43% · promoters 100.00% · institutions 87.17% · other public 0.15%

  6. To approve the remuneration payable to Non-Executive Independent Directors of the Company
    Ordinary
    98.28% for1.72% against

    Against: promoters 0.00% · institutions 5.28% · other public 14.65%

    Turnout: all 75.43% · promoters 100.00% · institutions 87.17% · other public 0.15%

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 22 Aug 2026, 10 fund houses so far (houses' deadline to file 15 Oct 2026)

  • Appointment of Mr. Saugata Basuray (DIN: 09522239) as Managing Director of the Company with effect from 1 June 2026 for a term of 5 (five) consecutive years.
    10 for0 against

Mutual fund votes, meeting of 30 Mar 2026, 25 fund houses

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

  • To receive, consider and adopt the audited financial statements of the Company for the Financial year ended 31st December, 2025 and the reports of the Board of Directors and the Statutory Auditors thereon.MoreLess
    24 for0 against
  • To declare Final Dividend of Rs.5.25/- Per Equity Share for Financial Year ended 31st December, 2025.
    25 for0 against
  • To appoint a Director in place of Mr. Kartikeya Dube (DIN: 00929373), who retires by rotation and being eligible, offers himself for re-appointment.
    24 for0 against
  • To ratify the Remuneration Payable to M/s. Kishore Bhatia & Associates, Cost Accountants (Firm Registration # 00294), for the Financial Year ending 31st December 2026.
    24 for0 against
3 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
6 earlier meetings

Mutual fund votes, meeting of 12 Sep 2025, 23 fund houses

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

  • Appointment of Ms. Mrinalini Srinivasan (DIN: 09682234) as a Director of the Company.
    17 for0 against
  • Appointment of Ms. Mrinalini Srinivasan (DIN: 09682234) as Wholetime Director of the Company for a term of five consecutive years from 28 July 2025 to 27 July 2030.
    17 for0 against
  • Appointment of M/s. Parikh & Associates, Company Secretaries as Secretarial Auditors of the Company for a term of five consecutive years.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundAppointment proposed through Postal Ballot and not in AGM. Transparency Concern: Outgoing auditor’s remuneration not disclosed, therefore, material change in audit fees, if any, cannot be ascertained.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNo concern on merit, profile and capabilities of secretarial auditors. Non-Compliant with Regulation 24A of SEBI LODR: Appointment proposed through Postal Ballot and not in AGM. Transparency Concern: Outgoing auditor’s remuneration not disclosed, therefore, material change in audit fees, if any, cannot be ascertained.
    17 for6 against
8 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • 1) Appoint Ms. Mrinalini Srinivasan (DIN: 09682234) as Director from 28 July 2025, liable to retire by rotation.
    1 for0 against
  • 2) Appoint Ms. Mrinalini Srinivasan (DIN: 09682234) as Whole-time Director for five years from 28 July 2025 and fix her remuneration.
    1 for0 against
  • Appoint Ms. Mrinalini Srinivasan (DIN: 09682234) as Director from 28 July 2025, liable to retire by rotation
    3 for0 against
  • Appoint Ms. Mrinalini Srinivasan (DIN: 09682234) as Whole-time Director for five years from 28 July 2025 and fix her remuneration
    3 for0 against
  • Approve Appointment and Remuneration of Mrinalini Srinivasan as Whole Time Director
    1 for0 against
  • Elect Mrinalini Srinivasan as Director
    1 for0 against

Mutual fund votes, meeting of 25 Mar 2025, 20 fund houses

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

  • To receive, consider and adopt the audited financial statements of the Company for the financial year ended 31 December 2024 and the reports of the Board of Directors and the Statutory Auditors thereon. (Ordinary Resolution)MoreLess
    19 for0 against
  • To declare final dividend of INR 9.5 per equity share (which includes a special dividend of INR 4.5 per equity share) for the financial year ended 31 December 2024.
    20 for0 against
  • To appoint a Director in place of Mr. Saugata Basuray (DIN: 09522239), who retires by rotation and being eligible, offers himself for re-appointment.
    20 for0 against
  • To ratify the remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants, for the financial year ending 31 December 2025.
    19 for0 against
  • To consider and appoint Ms. Nisha Trivedi (DIN: 10937145) as Non-Executive Nominee Director of the Company.
    20 for0 against
2 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 12 Oct 2024, 21 fund houses

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

  • Appointment of Ms. Satyavati Bereran(DIN: 05002709) as an Independent Director of thenCompany for a term of five consecutive years fromn1 October 2024 to 30 September 2029.
    20 for0 against
  • Appointment of Mr. Kartikeya Dube (DIN: 00929373) as Non-Executive Nominee Director of the Company.
    21 for0 against
  • Appointment of Mr. Kedar Lele (DIN: 06969319) as a Director of the Company.
    19 for0 against
  • Appointment of Mr. Kedar Lele (DIN: 06969319) as Managing Director of the Company for a term of five consecutive years from 1 November 2024 to 31 October 2029.
    20 for0 against
4 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Approve Appointment and Remuneration of Kedar Lele as Managing Director
    1 for0 against
  • Elect Kedar Lele as Director
    1 for0 against

Mutual fund votes, meeting of 28 Mar 2024, 16 fund houses

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

  • To receive, consider and adopt the audited financialnstatements of the Company for the financial year endedn31 December 2023 and the reports of the Board ofnDirectors and the Statutory Auditors thereon.MoreLess
    14 for0 against
  • To declare final dividend of INR 4.50 per equity share fornthe financial year ended 31 December 2023.
    16 for0 against
  • To appoint a Director in place of Mr. Udayan Senn(DIN: 02083527), who retires by rotation and beingneligible, offers himself for re-appointment.
    Against HSBC Mutual Fund
    • HSBC Mutual FundWe have concerns about insufficient independence on the board.
    15 for1 against
  • To appoint a Director in place of Mr. Saugata Basurayn(DIN: 09522239), who retires by rotation and beingneligible, offers himself for re-appointment.
    Against HSBC Mutual Fund
    • HSBC Mutual FundWe have concerns about insufficient independence on the board.
    15 for1 against
  • To ratify the remuneration payable to M/s. Kishore Bhatian& Associates, Cost Accountants (Firm Registration No.:n00294), for the financial year ending 31 December 2024.n
    16 for0 against
  • To consider and re-appoint Mr. Rakesh Makhijan(DIN: 00117692) as an Independent Director of thenCompany.
    16 for0 against
1 proposal not matched to one resolution
  • Accept Financial Statements and Statutory Reports
    2 for0 against

Mutual fund votes, meeting of 8 Sep 2023, 13 fund houses

  • Re-appointment of Ms. Sangeeta Talwar as an Independent Director of the Company
    Against Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Motilal Oswal Mutual FundNon-compliance with section 149 of the Companies Act, 2013: Prior approval of shareholders not obtained for re-appointment.
    • Nippon India Mutual FundShareholder's approval not obtained on time for appointment of director
    11 for2 against

Mutual fund votes, meeting of 11 May 2023, 12 fund houses

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

  • To receive, consider and adopt the audited financial statements of the Company for the financial year ended 31 December 2022 and the reports of the Board of Directors and the Statutory Auditors thereon.MoreLess
    12 for0 against
  • To declare final dividend on equity shares for the financial year ended 31 December 2022
    12 for0 against
  • To appoint a Director in place of Mr. Sandeep Sangwan (DIN 08617717), who retires by rotation and being eligible, offers himself for re-appointment.
    12 for0 against
  • To appoint a Director in place of Mr. Mayank Pandey (DIN 09274832), who retires by rotation and being eligible, offers himself for re-appointment.
    Against Franklin Templeton Mutual Fund, HSBC Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST the nominee is warranted because:the board independence norms are not met and Mayank Pandey is a non-independent director.
    • HSBC Mutual FundWe have concerns about insufficient independence on the board.
    10 for2 against
  • To ratify the remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants, for the financial year ending 31 December 2023
    12 for0 against
  • To approve the remuneration payable to Non-Executive Independent Directors of the Company
    Against HSBC Mutual Fund, Quantum Mutual Fund, SBI Mutual Fund
    • HSBC Mutual FundNon-executive directors participate in performance-based incentive schemes.
    • Quantum Mutual FundWe believe there should be an absolute cap on remuneration for independent directors and the approval of resolution should not be in perpetuity.
    • SBI Mutual FundAt the 2020 AGM, shareholders approved payment of commission to non-executive directors upto 1% of net profits, with a cap of Rs. 2.0 mn to each director. The said approval was valid for five years i.e., till 31 December 2024. The company is now seeking approval to pay Independent Directors upto 1% of net profits in any year. If approved, the current resolution would supersede the 2020 AGM approval. While we note the previous commission payouts have been reasonable and in line with industry peers, the current resolution does not cap the payment of commission in absolute terms. Further, given that the company has not defined a tenure for payment of commission, the resolution is effectively valid in perpetuity. We do not support resolutions in perpetuity: shareholders must get a chance to periodically review and vote on such payments.
    8 for3 against
1 proposal not matched to one resolution
  • Approve payment of commission of upto 1% of net profits to Independent Directors from 11 May 2023
    1 for0 against

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

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeMaharashtra Sales Tax DepartmentSince 27 Nov 2015
    The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has dismissed Maharashtra Sales Tax Department appeal dated 31 July 2026 for condonation of delay.
    At the filing before: The Company has received intimation that the Maharashtra Sales Tax Department has filed an appeal for the balance period FY 2016-17 before Customs, Excise and Service Tax Appellate Tribunal (CESTAT).The appeal has been filed with an application for condonation of delay and hearing is scheduled on 31 July 2026.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 2 complaints 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
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.