CEAT CEO, MD, chairman, board of directors and AGM
NSE: CEATLTDBSE: 500878Auto ComponentsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹3,203.20.
- 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.
- ₹12,379 Cr448th 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 14 Oct 2026
- 24.0
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹88 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 20.5
- 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 14 Oct 2026
- 2.5
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.14%
- 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 14 Oct 2026
- 10.8%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹88 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 12.7%
- 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 14 Oct 2026
- 13.9%
- 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 Sep 2026. The filing of 14 Oct 2026
- 0.77
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,65,80439.1% delivered
CEAT 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
- ChairpersonHarsh Vardhan GoenkaRelated to the promoter
- Managing director and CEOArnab Banerjee
- Company Secretary and Compliance OfficerGaurav Tongia
10 directors5 independent1 executive4 non-executive
- Harsh Vardhan Goenka · ChairpersonNon-executive · joined Oct 1981 · reappointed Aug 2025 · 4 listed boards
- Anant Vardhan GoenkaNon-executive · joined Apr 2012 · reappointed Apr 2023 · 2 listed boards · 2 committee seats, 1 as chair
- Arnab Banerjee · Managing director and CEOExecutive · joined May 2013 · reappointed Apr 2026 · 1 listed board · 1 committee seat
- Pierre Eric CohadeNon-executive · joined Feb 2018 · reappointed Jul 2023 · 1 listed board
- Milind Shripad SarwateIndependent · joined Mar 2024 · reappointed Mar 2024 · 28 months as independent · 5 listed boards · 5 as independent · 7 committee seats, 4 as chair
- Sukanya Anand KripaluIndependent · joined Mar 2024 · reappointed Mar 2024 · 28 months as independent · 7 listed boards · 7 as independent · 9 committee seats, 1 as chair
- Daisy Devassy ChittilapillyIndependent · joined May 2024 · reappointed May 2024 · 26 months as independent · 1 listed board · 1 as independent
- Santrupt MisraIndependent · joined Mar 2025 · reappointed Mar 2025 · 16 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Apurva ChandraIndependent · joined Oct 2025 · reappointed Oct 2025 · 9 months as independent · 5 listed boards · 5 as independent · 4 committee seats
- Paras Kumar ChowdharyNon-executive · joined Oct 2025 · reappointed Oct 2025 · 3 listed boards · 2 as independent · 3 committee seats
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
2 directors who left
- Pravinsingh Pratapsingh Pardeshi, left 11 Apr 2025: Others
- Ranjit Vasant Pandit, left 3 Mar 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 28 Apr 202610 of 10 present5 independent · 35 days in between
- 23 Mar 202610 of 10 present5 independent · 62 days in between
- 19 Jan 20269 of 10 present5 independent
Audit Committee
Chair Milind Shripad Sarwate
Sukanya Anand Kripalu, Paras Kumar Chowdhary
- 28 Apr 20263 of 3 present2 independent · 35 days in between
- 23 Mar 20263 of 3 present2 independent · 62 days in between
- 19 Jan 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Sukanya Anand Kripalu
Daisy Devassy Chittilapilly, Santrupt Misra, Paras Kumar Chowdhary
- 28 Apr 20264 of 4 present3 independent · 35 days in between
- 23 Mar 20264 of 4 present3 independent · 66 days in between
- 15 Jan 20264 of 4 present3 independent
Stakeholders Relationship Committee
Chair Anant Vardhan Goenka
Arnab Banerjee, Santrupt Misra
- 23 Mar 20262 of 3 present1 independent
Risk Management Committee
Chair Daisy Devassy Chittilapilly
Milind Shripad Sarwate, Anant Vardhan Goenka
- 26 Jun 20262 of 3 present2 independent · 94 days in between
Corporate Social Responsibility Committee
Chair Anant Vardhan Goenka
Milind Shripad Sarwate, Santrupt Misra
- 28 Apr 20263 of 3 present2 independent · 35 days in between
- 23 Mar 20263 of 3 present2 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Sep 2026.
- M/s BSR & Co LLPPeer-review certificate valid to Jul 2028
1 earlier auditor
- BSR & Co. LLPNamed in filings from Mar 2025 to Jun 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.
CEAT 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.CEAT dividend history
Annual general meeting, 17 Aug 2026
1,42,560 shareholders on the register on 10 Aug 2026; present: 21 promoters and 42 others; votes counted by Mitesh Dhabliwala / Parikh & Associates.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 Reports of Board of Directors and 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 Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.16%
Turnout: all 74.66% · promoters 100.00% · institutions 73.79% · other public 0.20%
- To declare dividend of Rs. 35/- (Rupees Thirty Five only) per equity share of face value of Rs. 10/- (Rupees Ten only) each for the Financial Year ended March 31, 2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 74.69% · promoters 100.00% · institutions 73.87% · other public 0.20%
To appoint a Director in place of Mr. Anant Vardhan Goenka, Non-Executive, Non-Independent Director (DIN: 02089850), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 (‘the Act’) and being eligible, offers himself for re-appointment.MoreLess
Ordinary90.68% for9.32% againstAgainst: promoters 0.00% · institutions 25.43% · other public 0.22%
Turnout: all 74.69% · promoters 100.00% · institutions 73.87% · other public 0.20%
- Ratification of remuneration payable to M/s. D.C. Dave & Co., Cost Auditor of the Company for the Financial Year ended March 31, 2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.29%
Turnout: all 74.69% · promoters 100.00% · institutions 73.87% · other public 0.20%
- Authorisation for issuance of Non-Convertible Debentures upto Rs. 1,000 Crores on a private placement basis.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.14%
Turnout: all 74.69% · promoters 100.00% · institutions 73.87% · other public 0.20%
- Continuation of Mr. Paras Kumar Choudhary (DIN: 00076807) as a Non- Executive, Non- Independent Director.Special97.51% for2.49% against
Against: promoters 0.00% · institutions 6.80% · other public 0.30%
Turnout: all 74.69% · promoters 100.00% · institutions 73.87% · other public 0.20%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 18 Dec 2025, 2 resolutions
1,38,555 shareholders on the register on 12 Nov 2025; votes counted by Mitesh Dhabliwala / Parikh & Associates.The company's voting result (opens in a new tab)
- Appointment of Mr. Apurva Chandra (DIN:02531655) as Non-Executive, Independent Director of the CompanySpecial99.45% for0.55% against
Against: promoters 0.00% · institutions 1.51% · other public 3.46%
Turnout: all 74.36% · promoters 100.00% · institutions 71.87% · other public 0.39%
- Appointment of Mr. Paras K. Chowdhary (DIN: 00076807) as Non- Executive, Non-Independent Director of the CompanyOrdinary98.71% for1.29% against
Against: promoters 0.00% · institutions 3.53% · other public 3.04%
Turnout: all 74.36% · promoters 100.00% · institutions 71.87% · other public 0.39%
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, 21 Aug 2025, 7 resolutions
1,45,052 shareholders on the register on 8 Aug 2025; present: 22 promoters and 40 others; votes counted by Mitesh Dhabliwala / Parikh & Associates.The company's voting result (opens in a new tab)
a. the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereon.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
Ordinary99.99% for0.02% againstAgainst: promoters 0.00% · institutions 0.04% · other public 0.73%
Turnout: all 74.64% · promoters 100.00% · institutions 73.75% · other public 0.29%
- Declaration of dividend of Rs. 30 (Rupees Thirty only) per equity share of face value of Rs. 10 (Rupees Ten only) each for the Financial Year ended March 31 2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.70%
Turnout: all 74.68% · promoters 100.00% · institutions 73.84% · other public 0.29%
Appointment of a director in place of Mr. Harsh Vardhan Goenka, Non-Executive, Non-Independent Director (DIN: 00026726) who retires by rotation, in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for reappointment.MoreLess
Ordinary98.03% for1.97% againstAgainst: promoters 0.00% · institutions 5.40% · other public 2.79%
Turnout: all 74.36% · promoters 100.00% · institutions 72.99% · other public 0.29%
- Ratification of remuneration payable to M/s D.C. Dave and Co Cost Auditor of the Company for the Financial year ending March 31, 2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.91%
Turnout: all 74.68% · promoters 100.00% · institutions 73.83% · other public 0.29%
- Approval for Appointment of Secretarial Auditor for a term of five (5) years.Ordinary99.90% for0.10% against
Against: promoters 0.00% · institutions 0.26% · other public 0.91%
Turnout: all 74.57% · promoters 100.00% · institutions 73.56% · other public 0.29%
- Authorisation for Issuance of Non Convertible Debentures up to Rs. 1000 (crores) on a private placement basis.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 2.71%
Turnout: all 74.68% · promoters 100.00% · institutions 73.83% · other public 0.29%
- Re-appointment of Mr. Arnab Banerjee as Managing Director and Chief Executive Officer of the Company.Ordinary99.42% for0.58% against
Against: promoters 0.00% · institutions 1.59% · other public 2.88%
Turnout: all 74.26% · promoters 100.00% · institutions 72.73% · other public 0.29%
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, 11 May 2025, 4 resolutions
1,59,867 shareholders on the register on 4 Apr 2025; votes counted by P.N. Parikh / Parikh & Associates.The company's voting result (opens in a new tab)
- Appointment of Dr. Santrupt Misra (DIN: 00013625) as a Non-Executive, Independent Director of the CompanySpecial99.39% for0.61% against
Against: promoters 0.00% · institutions 1.72% · other public 2.40%
Turnout: all 73.09% · promoters 100.00% · institutions 70.18% · other public 0.27%
- Approval of the CEAT - Employees Stock Option Scheme 2025Special92.75% for7.25% against
Against: promoters 0.00% · institutions 20.49% · other public 4.77%
Turnout: all 73.09% · promoters 100.00% · institutions 72.27% · other public 0.25%
- Approval of secondary acquisition of shares through Trust route for the implementation of CEAT - Employees Stock Option Scheme 2025Special92.76% for7.24% against
Against: promoters 0.00% · institutions 20.49% · other public 2.95%
Turnout: all 73.09% · promoters 100.00% · institutions 70.18% · other public 0.27%
- Provision of money by the Company for subscription and purchase of its own Shares by the Trust under the CEAT - Employees Stock Option Scheme 2025 – Special ResolutionSpecial92.75% for7.25% against
Against: promoters 0.00% · institutions 20.49% · other public 5.28%
Turnout: all 73.09% · promoters 100.00% · institutions 70.18% · other public 0.27%
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, 29 Aug 2024, 7 resolutions
Present: 21 promoters and 33 others.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 thenFinancial Year ended March 31, 2024, together with the Reports of thenBoard of Directors and the Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for thenFinancial Year ended March 31, 2024, together with the Report of thenAuditors thereon.MoreLess
Ordinary99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.02% · other public 1.14%
Turnout: all 71.17% · promoters 100.00% · institutions 66.91% · other public 0.25%
- To declare dividend of Rs. 30/- (Rupees Thirty) per equity share of face value ofnRs. 10/- (Rupees Ten) each for the Financial Year ended March 31, 2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.95%
Turnout: all 71.40% · promoters 100.00% · institutions 67.55% · other public 0.25%
To appoint a Director in place of Mr. Paras Kumar Chowdhary, Non-Executive,nNon-Independent Director (DIN: 00076807), who retires by rotation, in termsnof Section 152(6) of the Companies Act, 2013 (‘the Act’) and being eligible,noffers himself for re-appointment.MoreLess
Ordinary92.82% for7.18% againstAgainst: promoters 0.00% · institutions 21.23% · other public 1.18%
Turnout: all 71.40% · promoters 100.00% · institutions 67.55% · other public 0.25%
- Ratification of remuneration payable to M/s D.C. Dave & Co., Cost Auditor ofnthe Company for the Financial Year ending March 31, 2025.nOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.20%
Turnout: all 71.40% · promoters 100.00% · institutions 67.55% · other public 0.25%
- Re-appointment of Mr. Arnab Banerjee (DIN: 06559516) as Managing Directornand Chief Executive Officer of the Company.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.03% · other public 1.18%
Turnout: all 71.40% · promoters 100.00% · institutions 67.55% · other public 0.25%
- Appointment of Mr. Praveen Pardeshi (DIN: 01658052) as Non-Executive,nIndependent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.01% · other public 1.62%
Turnout: all 71.40% · promoters 100.00% · institutions 67.55% · other public 0.25%
- Authorisation for Issuance of Non- Convertible Debentures up to Rs. 500 croresnon private placement basisSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 2.30%
Turnout: all 71.40% · promoters 100.00% · institutions 67.55% · other public 0.25%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 6 Jun 2024, 5 resolutions
The company's voting result (opens in a new tab)
- Appointment of Mr. Milind Sarwate (DIN: 00109854) as an Independent Director of the CompanySpecial95.58% for4.42% against
Against: promoters 0.00% · institutions 13.15% · other public 13.76%
Turnout: all 71.10% · promoters 100.00% · institutions 66.44% · other public 0.46%
- Appointment of Ms. Sukanya Kripalu (DIN: 06994202) as an Independent Director of the CompanySpecial98.63% for1.37% against
Against: promoters 0.00% · institutions 4.05% · other public 13.43%
Turnout: all 71.10% · promoters 100.00% · institutions 66.44% · other public 0.46%
- Appointment of Ms. Daisy Chittilapilly (DIN: 09577569) as an Independent Director of the CompanySpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.01% · other public 13.83%
Turnout: all 71.10% · promoters 100.00% · institutions 66.44% · other public 0.46%
- Change in place of keeping registers and records of the CompanySpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 12.48%
Turnout: all 71.10% · promoters 100.00% · institutions 66.44% · other public 0.46%
- Amendment to the Object clause of Memorandum of Association of the CompanySpecial99.92% for0.08% against
Against: promoters 0.00% · institutions 0.18% · other public 14.74%
Turnout: all 71.10% · promoters 100.00% · institutions 66.44% · other public 0.46%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 5 Jul 2023, 5 resolutions
Present: 22 promoters and 41 others.The company's voting result (opens in a new tab)
Adoption of: a.the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2023, together with the Reports 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, 2023, together with the Report of the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 75.94% · promoters 100.00% · institutions 74.89% · other public 0.17%
- Declaration of dividend of Rs. 12/- (Rupees Twelve) per equity share of face value of Rs.10/- each for the Financial Year ended March 31, 2023.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 76.21% · promoters 100.00% · institutions 75.60% · other public 0.17%
Appointment of a Director in place of Mr. Pierre Cohade, Non-executive Non-independent Director (DIN: 00468035), who retires by rotation, in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
Ordinary90.84% for9.16% againstAgainst: promoters 0.00% · institutions 24.10% · other public 1.03%
Turnout: all 76.21% · promoters 100.00% · institutions 75.60% · other public 0.17%
Ratification of remuneration payable of Rs. 3,75,000/- (Rupees Three Lacs Seventy Five Thousand only) plus applicable taxes and reimbursement of out-of-pocket expenses, to M/s D. C. Dave & Co., Cost Accountants (Firm Registration No. 000611) appointed by the Board of Directors of the Company as Cost Auditors for conducting the audit of the cost records of the Company for the Financial Year ending March 31, 2024.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 1.59%
Turnout: all 76.21% · promoters 100.00% · institutions 75.60% · other public 0.17%
Approval for making offer(s) or invitation(s) to subscribe secured / unsecured, non-convertible debentures / bonds or such other securities (‘debt securities’) through private placement basis in one or more series / tranches, for an amount not exceeding Rs.5,00,00,00,000 (Rupees Five Hundred Crore only) at such price or on such terms and conditions as the Board may from time to time determine and consider proper and beneficial to the Company including listing of such debit securities with Stock Exchange(s).MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.58%
Turnout: all 76.21% · promoters 100.00% · institutions 75.60% · 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, 27 Apr 2023, 3 resolutions
The company's voting result (opens in a new tab)
- Approval for payment of remuneration to Mr. Anant Goenka (DIN: 02089850), Managing Director and Chief Executive Officer for the Financial Year 2022 – 23Special91.62% for8.38% against
Against: promoters 0.00% · institutions 20.42% · other public 4.72%
Turnout: all 80.13% · promoters 100.00% · institutions 89.01% · other public 0.23%
- Approval of appointment of Mr. Anant Goenka (DIN: 02089850) as a Non-Executive Director designated as Vice-Chairman of the Company effective April 1, 2023Ordinary95.04% for4.96% against
Against: promoters 0.00% · institutions 12.08% · other public 2.84%
Turnout: all 80.13% · promoters 100.00% · institutions 89.01% · other public 0.23%
- Approval of appointment and remuneration of Mr. Arnab Banerjee (DIN: 06559516) as Managing Director and Chief Executive Officer of the Company effective April 1, 2023Ordinary98.73% for1.27% against
Against: promoters 0.00% · institutions 3.10% · other public 4.84%
Turnout: all 80.13% · promoters 100.00% · institutions 89.01% · other public 0.23%
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 17 Aug 2026, 11 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 Reports of Board of Directors and 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 Auditors thereon.MoreLess
11 for0 against- To declare dividend of Rs. 35/- (Rupees Thirty Five only) per equity share of face value of Rs. 10/- (Rupees Ten only) each for the Financial Year ended March 31, 2026.11 for0 against
To appoint a Director in place of Mr. Anant Vardhan Goenka, Non-Executive, Non-Independent Director (DIN: 02089850), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 (‘the Act’) and being eligible, offers himself for re-appointment.MoreLess
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundGovernance concern: Skewed remuneration in favour of Promoter Non-Executive directors.
- Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: Skewed remuneration in favour of Promoter Non-Executive directors.
8 for3 against- Ratification of remuneration payable to M/s. D.C. Dave & Co., Cost Auditor of the Company for the Financial Year ended March 31, 2026.11 for0 against
- Authorisation for issuance of Non-Convertible Debentures upto Rs. 1,000 Crores on a private placement basis.11 for0 against
- Continuation of Mr. Paras Kumar Choudhary (DIN: 00076807) as a Non- Executive, Non- Independent Director.
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundGovernance concern: Skewed remuneration in favour of Promoter Non-Executive director and proposed appointee is member of Nomination & Remuneration Committees.
- Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: Skewed remuneration in favour of Promoter Non-Executive director and proposed appointee is member of NRC.
8 for3 against
Mutual fund votes, meeting of 18 Dec 2025, 21 fund houses
- Appointment of Mr. Apurva Chandra (DIN:02531655) as Non-Executive, Independent Director of the Company21 for0 against
- Appointment of Mr. Paras K. Chowdhary (DIN: 00076807) as Non- Executive, Non-Independent Director of the Company21 for0 against
6 earlier meetings
Mutual fund votes, meeting of 21 Aug 2025, 20 fund houses
a. the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereon.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
20 for0 against- Declaration of dividend of Rs. 30 (Rupees Thirty only) per equity share of face value of Rs. 10 (Rupees Ten only) each for the Financial Year ended March 31 2025.20 for0 against
Appointment of a director in place of Mr. Harsh Vardhan Goenka, Non-Executive, Non-Independent Director (DIN: 00026726) who retires by rotation, in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for reappointment.MoreLess
Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundGovernance concern: The Company’s remuneration practice appears highly skewed in favour of Promoter Non-Executive Directors.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: The Company’s remuneration practice appears highly skewed in favour of Promoter NonExecutive Directors. Mr. Harsh Vardhan Goenka was paid higher remuneration than all the IDs were paid in aggregate during previous FY.
14 for6 against- Ratification of remuneration payable to M/s D.C. Dave and Co Cost Auditor of the Company for the Financial year ending March 31, 2026.20 for0 against
- Approval for Appointment of Secretarial Auditor for a term of five (5) years.
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundCompliant with law. Transparency Concern: Material changesin the fee payable to proposed auditor, no adequate justification provided by the company.
19 for1 against - Authorisation for Issuance of Non Convertible Debentures up to Rs. 1000 (crores) on a private placement basis.20 for0 against
- Re-appointment of Mr. Arnab Banerjee as Managing Director and Chief Executive Officer of the Company.
Against Axis Mutual Fund, Nippon India Mutual Fund
- Axis Mutual FundArnab Banerjee received Rs. 66.7 mn as remuneration in FY25. The proposed remuneration terms contain performance bonus and stock options; however, no guidance has been provided for these components. The company should cap the overall remuneration in absolute terms (including performance bonus and fair value of stock options), disclose the quantum of stock options that he may be granted during the course of his tenure and specify the performance parameters that govern the variable pay. While we support his reappointment as Managing Director and CEO, we are unable to estimate the proposed remuneration. We do not support the resolution.
- Nippon India Mutual FundProfile of the candidate
18 for2 against
Mutual fund votes, meeting of 11 May 2025, 18 fund houses
- Appointment of Dr. Santrupt Misra (DIN: 00013625) as a Non-Executive, Independent Director of the Company18 for0 against
- Approval of the CEAT - Employees Stock Option Scheme 2025
Against HDFC Mutual Fund
- HDFC Mutual FundExercise price of the ESOP is at a significant discount to current market price. In the case of discounted options, there is lack of alignment between the interests of investors and those of employees. We do not support the resolution.
17 for1 against - Approval of secondary acquisition of shares through Trust route for the implementation of CEAT - Employees Stock Option Scheme 2025
Against HDFC Mutual Fund
- HDFC Mutual FundExercise price of the ESOP is at a significant discount to current market price. In the case of discounted options, there is lack of alignment between the interests of investors and those of employees. We do not support the resolution.
17 for1 against - Provision of money by the Company for subscription and purchase of its own Shares by the Trust under the CEAT - Employees Stock Option Scheme 2025 – Special Resolution
Against HDFC Mutual Fund
- HDFC Mutual FundExercise price of the ESOP is at a significant discount to current market price. In the case of discounted options, there is lack of alignment between the interests of investors and those of employees. We do not support the resolution.
17 for1 against
Mutual fund votes, meeting of 29 Aug 2024, 14 fund houses
To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for thenFinancial Year ended March 31, 2024, together with the Reports of thenBoard of Directors and the Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for thenFinancial Year ended March 31, 2024, together with the Report of thenAuditors thereon.MoreLess
14 for0 against- To declare dividend of Rs. 30/- (Rupees Thirty) per equity share of face value ofnRs. 10/- (Rupees Ten) each for the Financial Year ended March 31, 2024.14 for0 against
To appoint a Director in place of Mr. Paras Kumar Chowdhary, Non-Executive,nNon-Independent Director (DIN: 00076807), who retires by rotation, in termsnof Section 152(6) of the Companies Act, 2013 (‘the Act’) and being eligible,noffers himself for re-appointment.MoreLess
14 for0 against- Ratification of remuneration payable to M/s D.C. Dave & Co., Cost Auditor ofnthe Company for the Financial Year ending March 31, 2025.n14 for0 against
- Re-appointment of Mr. Arnab Banerjee (DIN: 06559516) as Managing Directornand Chief Executive Officer of the Company.14 for0 against
- Appointment of Mr. Praveen Pardeshi (DIN: 01658052) as Non-Executive,nIndependent Director of the Company.14 for0 against
- Authorisation for Issuance of Non- Convertible Debentures up to Rs. 500 croresnon private placement basis14 for0 against
Mutual fund votes, meeting of 6 Jun 2024, 13 fund houses
- Appointment of Mr. Milind Sarwate (DIN: 00109854) as an Independent Director of the Company
Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Excessive time commitment. Holding 6 listed directorships & 1 full-time position.
10 for3 against - Appointment of Ms. Sukanya Kripalu (DIN: 06994202) as an Independent Director of the Company13 for0 against
- Appointment of Ms. Daisy Chittilapilly (DIN: 09577569) as an Independent Director of the Company13 for0 against
- Change in place of keeping registers and records of the Company13 for0 against
- Amendment to the Object clause of Memorandum of Association of the Company
Against Edelweiss Mutual Fund
- Edelweiss Mutual FundNot enough info.
12 for1 against
Mutual fund votes, meeting of 5 Jul 2023, 8 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
Adoption of: a.the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2023, together with the Reports 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, 2023, together with the Report of the Auditors thereon.MoreLess
8 for0 against- Declaration of dividend of Rs. 12/- (Rupees Twelve) per equity share of face value of Rs.10/- each for the Financial Year ended March 31, 2023.8 for0 against
Appointment of a Director in place of Mr. Pierre Cohade, Non-executive Non-independent Director (DIN: 00468035), who retires by rotation, in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
8 for0 againstRatification of remuneration payable of Rs. 3,75,000/- (Rupees Three Lacs Seventy Five Thousand only) plus applicable taxes and reimbursement of out-of-pocket expenses, to M/s D. C. Dave & Co., Cost Accountants (Firm Registration No. 000611) appointed by the Board of Directors of the Company as Cost Auditors for conducting the audit of the cost records of the Company for the Financial Year ending March 31, 2024.MoreLess
8 for0 againstApproval for making offer(s) or invitation(s) to subscribe secured / unsecured, non-convertible debentures / bonds or such other securities (‘debt securities’) through private placement basis in one or more series / tranches, for an amount not exceeding Rs.5,00,00,00,000 (Rupees Five Hundred Crore only) at such price or on such terms and conditions as the Board may from time to time determine and consider proper and beneficial to the Company including listing of such debit securities with Stock Exchange(s).MoreLess
7 for0 against
1 proposal not matched to one resolution
- To approve, amended from time to time and subject to the provisions of the Memorandum and Articles of Association of the Company.1 for0 against
Mutual fund votes, meeting of 27 Apr 2023, 10 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Approval for payment of remuneration to Mr. Anant Goenka (DIN: 02089850), Managing Director and Chief Executive Officer for the Financial Year 2022 – 23
Against Axis Mutual Fund, Edelweiss Mutual Fund, Franklin Templeton Mutual Fund, SBI Mutual Fund
- Axis Mutual FundAnant Goenka’s aggregate remuneration has increased secularly over the past five years and has been largely delinked from company performance. His proposed remuneration, capped at a maximum of Rs. 90mn, is an increase over FY22 levels of Rs. 71.8 mn – while the company’s 9-month FY23 performance has been largely muted and margins have been lower than the FY22 significant decline. Ceat’s 9-month FY23 margins are the lowest among industry peers of comparable size. At Rs. 90 mn, his remuneration is high for the size of the company and given that it is not aligned to company performance, we do not support the resolution. We note that while Anant Goenka’s five-year remuneration has seen a secular increase, the remuneration of Arnab Banerjee, who will be Ceat’s Managing Director from 1 April 2023, has declined in the past and in FY22. There is no clarity with which Anant Goenka’s variable pay is determined: the company must disclose the benchmarks based on which his variable pay is being determined. Past history of variable pay shows linkage to neither profits nor revenues. We raise concern over the independence of the NRC: it comprises two tenured Independent Directors and the company’s former Managing Director: the average tenure of the three directors is almost 19 years
- Edelweiss Mutual FundCompensation is too high compared to profits in FY23
- Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns in the executive's remuneration: • The excess remuneration is not in line with company s performance and in the interest of shareholders.
- SBI Mutual FundAnant Goenka’s aggregate remuneration has increased secularly over the past five years and has been largely delinked from company performance. His proposed remuneration, capped at a maximum of Rs. 90mn, is an increase over FY22 levels of Rs. 71.8 mn – while the company’s 9-month FY23 performance has been largely muted and margins have been lower than the FY22 significant decline. Ceat’s 9-month FY23 margins are the lowest among industry peers of comparable size. At Rs. 90 mn, his remuneration is high for the size of the company and given that it is not aligned to company performance, we do not support the resolution. We note that while Anant Goenka’s five-year remuneration has seen a secular increase, the remuneration of Arnab Banerjee, who will be Ceat’s Managing Director from 1 April 2023, has declined in the past and in FY22. There is no clarity with which Anant Goenka’s variable pay is determined: the company must disclose the benchmarks based on which his variable pay is being determined. Past history of variable pay shows linkage to neither profits nor revenues. We raise concern over the independence of the NRC: it comprises two tenured Independent Directors and the company’s former Managing Director: the average tenure of the three directors is almost 19 years.
6 for4 against - Approval of appointment of Mr. Anant Goenka (DIN: 02089850) as a Non-Executive Director designated as Vice-Chairman of the Company effective April 1, 202310 for0 against
- Approval of appointment and remuneration of Mr. Arnab Banerjee (DIN: 06559516) as Managing Director and Chief Executive Officer of the Company effective April 1, 20239 for0 against
1 proposal not matched to one resolution
- To approve, appointment of a Director in place of Sri Ajay Baldawa (DIN: 00472128), who retires by rotation and being eligible, offers himself for re-appointment.1 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines and stakes in unlisted companies
Reported in the filing for the quarter to Jun 2026.
- Unlisted stake heldTYRESNMORE ONLINE PRIVATE LIMITEDSince 21 Apr 2026
0.00% bought in the quarter; holding 100.00%, from 100.00%
- Fine or penaltyJoint Commissioner AppealsSince 30 Jun 2026
Joint Commissioner of State Tax, Chattisgarh allowed our appeal and demand reduced to Rs.1.89 Lakhs including penalty and Interest. Original demand of Rs.21.05 Lakhs
Excess ITC availed and Non-generation of e-way bill
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
- 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.
How money raised was used
Reported for the quarter to Dec 2025. The company's results filing for the quarter to Sep 2026 says no statement of how money raised was used applies to it.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| OthersDec 2025 | 250.00 | – | – | No |