Cemindia Projects logo

Cemindia Projects MD, chairman, board of directors and AGM

NSE: CEMPROBSE: 509496ConstructionSmall Cap

Formerly ITD Cementation India
Last close ₹1,149.90up ₹17.50 (1.55%)BSE ₹1,145.60

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,132.40.

52-week range of traded prices to 23 Oct 2026
₹503.30Low, 23 Mar 2026₹1,649.20High, 21 Jul 2026
Market cap
Share count behind the exchange's472nd largest listed
P/E
Share count behind the exchange's
P/B
Share count behind the exchange's
Dividend yield
–
ROE
28.4%
ROCE
27.3%
Volume, NSE
8,80,47042.0% delivered

Cemindia Projects 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

  • ChairpersonMalay Ramesh Mahadevia
  • Managing directorJayanta Basu
  • Company Secretary and Compliance OfficerRahul Neogi

6 directors3 independent1 executive2 non-executive

  • Malay Ramesh Mahadevia · ChairpersonNon-executive · joined May 2025 · 1 listed board
  • Jayanta Basu · Managing directorExecutive · joined Nov 2018 · 1 listed board · 1 committee seat
  • Kattunga Srinivasa RaoNon-executive · joined May 2025 · 3 listed boards · 3 committee seats
  • Manoj Kumar KohliIndependent · joined Jun 2025 · reappointed Jun 2025 · 12 months as independent · 6 listed boards · 6 as independent · 6 committee seats, 4 as chair
  • Sangeeta BhatiaIndependent · joined Jun 2025 · reappointed Jun 2025 · 12 months as independent · 2 listed boards · 1 as independent · 1 committee seat
  • Abizer Shabbir DiwanjiIndependent · joined Apr 2026 · reappointed Apr 2026 · 2 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair

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

5 directors who left
  • Pankaj Inderchand Jain, left 12 Mar 2026: Others
  • Sunil Shah Singh, left 20 Jun 2025: Others
  • Jana Chatra, left 20 Jun 2025: Others
  • Piyachai Karnasuta, left 29 May 2025: Others
  • Jongkongka Santi, left 29 May 2025: Others

Committees and meetings

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

  • Board

    • 14 May 20264 of 6 present2 independent · 14 days in between
    • 29 Apr 20266 of 6 present3 independent · 32 days in between
    • 27 Mar 20265 of 5 present2 independent · 49 days in between
    • 5 Feb 20266 of 6 present3 independent

  • Audit Committee

    Chair Manoj Kumar Kohli

    Kattunga Srinivasa Rao, Sangeeta Bhatia, Abizer Shabbir Diwanji

    • 29 Apr 20263 of 3 present2 independent · 28 days in between
    • 31 Mar 20263 of 3 present2 independent · 53 days in between
    • 5 Feb 20263 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Abizer Shabbir Diwanji

    Malay Ramesh Mahadevia, Manoj Kumar Kohli, Sangeeta Bhatia

    • 29 Apr 20263 of 3 present2 independent · 32 days in between
    • 27 Mar 20263 of 3 present2 independent · 50 days in between
    • 4 Feb 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Abizer Shabbir Diwanji

    Jayanta Basu, Kattunga Srinivasa Rao

    • 4 Feb 20262 of 3 present1 independent

  • Risk Management Committee

    Chair Kattunga Srinivasa Rao

    Jayanta Basu, Manoj Kumar Kohli, Sangeeta Bhatia, Manish Kumar

    • 29 Apr 20264 of 4 present2 independent

  • Corporate Social Responsibility Committee

    Chair Sangeeta Bhatia

    Jayanta Basu, Kattunga Srinivasa Rao

    • 29 Apr 20263 of 3 present1 independent · 83 days in between
    • 4 Feb 20263 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Price Waterhouse Chartered Accountants LLPPeer-review certificate valid to Nov 2026
1 earlier auditor
  • T R Chadha & Co LLPNamed in the filing for the quarter to Mar 2025

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.

Cemindia Projects 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.Cemindia Projects dividend history

Extraordinary general meeting, 17 Aug 2026

1,00,254 shareholders on the register on 10 Aug 2026; present: 1 promoter and 48 others; votes counted by MITESH DHABLIWALA / PARIKH & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Approval for raising of capital from eligible investors through an issuance of equity shares and/or other eligible Securities in one or more tranches.
    Special
    99.01% for0.99% against

    Against: promoters 0.00% · institutions 8.72% · other public 0.46%

    Turnout: all 76.10% · promoters 100.00% · institutions 73.99% · other public 0.11%

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 Jun 2026, 10 resolutions

92,633 shareholders on the register on 20 Jun 2026; present: 1 promoter and 60 others; votes counted by MITESH DHABLIWALA / PARIKH & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Adoption of the financial statements of the Company, namely: a) the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2026, 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 31st March, 2026, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 1.72% · other public 0.39%

    Turnout: all 74.99% · promoters 100.00% · institutions 75.19% · other public 0.13%

  2. Declaration of a dividend on equity shares for the financial year 2025-26.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.39%

    Turnout: all 75.00% · promoters 100.00% · institutions 75.31% · other public 0.13%

  3. Appointment of a Director in place of Dr. Malay Mahadevia (DIN: 00064110), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.50% for0.50% against

    Against: promoters 0.00% · institutions 4.99% · other public 0.63%

    Turnout: all 75.00% · promoters 100.00% · institutions 75.31% · other public 0.13%

  4. Appointment of M/s. Price Waterhouse Chartered Accountants LLP, (Firm Registration No. 012754 N/ N500016) as Statutory Auditors of the Company for a first term of five years and fixation of remuneration.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.44%

    Turnout: all 75.00% · promoters 100.00% · institutions 75.31% · other public 0.13%

  5. Appointment of Mr. Abizer Shabbir Diwanji (DIN 02540442) as a Director and a Non-Executive Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.08% · other public 0.65%

    Turnout: all 75.00% · promoters 100.00% · institutions 75.31% · other public 0.13%

  6. Confirmation, approval and ratification of payment of remuneration to Mr. Suresh Damodar Shenoy (Membership no. 8318), Cost Accountant, appointed as Cost Auditor for the financial year ending on 31st March, 2027.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.44%

    Turnout: all 75.00% · promoters 100.00% · institutions 75.31% · other public 0.13%

  7. Approval of payment of commission to Non-Executive Directors of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.00% · promoters 100.00% · institutions 75.31% · other public 0.13%

  8. Approval of Material Related Party Transaction proposed to be entered into by the Company during the financial year 2026-27 with Adani Road Transport Limited.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 7.54% · promoters 0.00% · institutions 75.31% · other public 0.13%

  9. Approval of Material Related Party Transaction proposed to be entered into by the Company during the financial year 2026-27 with Adani Infra (India) Limited.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.47%

    Turnout: all 7.54% · promoters 0.00% · institutions 75.31% · other public 0.13%

  10. Approval for alteration in Article 131 of Articles of Association of the Company with respect to Common Seal.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.47%

    Turnout: all 75.00% · promoters 100.00% · institutions 75.31% · other public 0.13%

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

Postal ballot, 26 Jan 2026, 2 resolutions

96,666 shareholders on the register on 19 Dec 2025; votes counted by MR. P. N. PARIKH / PARIKH & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Approval for the appointment of M/s Price Waterhouse Chartered Accountants LLP as Statutory Auditors of the Company to fill the casual vacancy caused by the resignation of M/s T R Chadha & Co. LLP, Chartered Accountants, till the conclusion of the next Annual General Meeting of the Company (i.e. 48th AGM) to be held in the year 2026, and to fix their remuneration.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.75%

    Turnout: all 74.64% · promoters 100.00% · institutions 73.21% · other public 0.22%

  2. Approval/Ratification by the Members of the Company for the placement of Certificate issued by M/s. K. M. Rege & Co., Practicing Chartered Accountants, Mumbai, containing confirmation that the Company has complied with all applicable conditions relating to change in the name of the Company from ITD Cementation India Limited to Cemindia Projects Limited in accordance with Regulation 45 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 74.64% · promoters 100.00% · institutions 73.22% · other public 0.22%

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, 9 fund houses so far (houses' deadline to file 15 Oct 2026)

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

  • Approval for raising of capital from eligible investors through an issuance of equity shares and/or other eligible Securities in one or more tranches.
    3 for0 against
1 proposal not matched to one resolution
  • To create, offer, issue and allot (including with provisions for reservations on firm and/ or competitive basis, for such part of issue and for such categories of persons as may be permitted by applicable law) with or without green shoe option, such number of Equity Shares (whether fully or partly paid-up) and/ or other securities including securities convertible into Equity Shares (including warrants, fully convertible debentures / preference shares, partly convertible debentures / preference shares, optionally convertible debentures / preference shares or otherwise), non-convertible debentures with or without warrants (entitling the warrant holder(s) to apply for Equity Shares and/or any other eligible securities of the Company), redeemable preference shares, global depository receipts (GDRs), American depository receipts (ADRs) or foreign currency convertible bonds (FCCBs), foreign currency exchange bonds or any security whether convertible into Equity Shares or not (hereinafter referred to as Securities), or any combination thereof, for an aggregate amount upto Rs. 5,000 crore.MoreLess
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance concern: The maximum potential dilution due to the proposed enabling resolution is excessive and the justification does not adequately address why such significant limits are required, accordingly the justification lacks specificity.
    • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: The maximum potential dilution due to the proposed enabling resolution is excessive and the justification does not adequately address why such significant limits are required, accordingly the justification lacks specificity.
    3 for3 against

Mutual fund votes, meeting of 27 Jun 2026, 23 fund houses

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

  • Adoption of the financial statements of the Company, namely: a) the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2026, 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 31st March, 2026, together with the Report of the Auditors thereon.MoreLess
    22 for0 against
  • Declaration of a dividend on equity shares for the financial year 2025-26.
    22 for0 against
  • Appointment of a Director in place of Dr. Malay Mahadevia (DIN: 00064110), who retires by rotation and being eligible, offers himself for re-appointment.
    23 for0 against
  • Appointment of M/s. Price Waterhouse Chartered Accountants LLP, (Firm Registration No. 012754 N/ N500016) as Statutory Auditors of the Company for a first term of five years and fixation of remuneration.MoreLess
    22 for0 against
  • Appointment of Mr. Abizer Shabbir Diwanji (DIN 02540442) as a Director and a Non-Executive Independent Director of the Company.
    22 for0 against
  • Confirmation, approval and ratification of payment of remuneration to Mr. Suresh Damodar Shenoy (Membership no. 8318), Cost Accountant, appointed as Cost Auditor for the financial year ending on 31st March, 2027.MoreLess
    22 for0 against
  • Approval of payment of commission to Non-Executive Directors of the Company.
    23 for0 against
  • Approval of Material Related Party Transaction proposed to be entered into by the Company during the financial year 2026-27 with Adani Road Transport Limited.
    23 for0 against
  • Approval of Material Related Party Transaction proposed to be entered into by the Company during the financial year 2026-27 with Adani Infra (India) Limited.
    23 for0 against
  • Approval for alteration in Article 131 of Articles of Association of the Company with respect to Common Seal.
    23 for0 against
5 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
  • Item 4, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against
  • Item 6, as a fund house numbered it
    1 for0 against
6 earlier meetings

Mutual fund votes, meeting of 26 Jan 2026, 11 fund houses

  • Approval for the appointment of M/s Price Waterhouse Chartered Accountants LLP as Statutory Auditors of the Company to fill the casual vacancy caused by the resignation of M/s T R Chadha & Co. LLP, Chartered Accountants, till the conclusion of the next Annual General Meeting of the Company (i.e. 48th AGM) to be held in the year 2026, and to fix their remuneration.MoreLess
    11 for0 against
  • Approval/Ratification by the Members of the Company for the placement of Certificate issued by M/s. K. M. Rege & Co., Practicing Chartered Accountants, Mumbai, containing confirmation that the Company has complied with all applicable conditions relating to change in the name of the Company from ITD Cementation India Limited to Cemindia Projects Limited in accordance with Regulation 45 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.MoreLess
    11 for0 against

Mutual fund votes, meeting of 7 Aug 2025, 8 fund houses

  • Appointment of Dr. Malay Mahadevia (DIN: 00064110) as a Non-Executive Non-Independent Director of the Company, liable to retire by rotation of the Company.
    8 for0 against
  • Appointment of M/s. Parikh and Associates, Practicing Company Secretaries (Firm Registration Number P1988MH009800) as Secretarial Auditors of the Company to hold office for a term of 5 (five) consecutive years commencing from financial year 2025-26 till financial year 2029-30, to undertake Secretarial Audit of the Company, at such remuneration and applicable taxes, as may be mutually agreed upon between the Board of Directors of the Company and the Secretarial Auditors from time to time.MoreLess
    8 for0 against
  • Appointment of Mr. KS Rao (DIN: 00022533) as a Non-Executive Non-Independent Director of the Company, liable to retire by rotation of the Company.
    8 for0 against
  • Appointment of Mr. Manoj Kumar Kohli (DIN: 00162071) as an Independent Director of the Company, not liable to retire by rotation, to hold office for a term of 3 (three) consecutive years from 20 June 2025 to 19 June 2028 (both days inclusive).MoreLess
    8 for0 against
  • Appointment of Mrs. Sangeeta Bhatia (DIN: 06889475) as an Independent Director of the Company, not liable to retire by rotation, to hold office for a term of 3 (three) consecutive years from 20 June 2025 to 19 June 2028 (both days inclusive).MoreLess
    8 for0 against
  • Approval and ratification of payment of remuneration of Rs. 6,00,000/- plus applicable taxes and out of pocket expenses, if any, actually incurred during the course of audit payable to Mr. Suresh Damodar Shenoy, Cost Accountant (Membership Number 8318) appointed by the Board of Directors of the Company, on the recommendation of the Audit Committee, as the Cost Auditor of the Company to conduct the audit of the cost records of the Company for the financial year ending on 31 March 2026.MoreLess
    8 for0 against
  • Approval of amended and restated Articles of Association of the Company.
    Against Bank of India Mutual Fund, Mirae Asset Mutual Fund
    • Bank of India Mutual FundThe company proposes to adopt amended and restated Articles of Association to reflect the change in promoter from ITDPCL to Renew Exim DMCC. As stated in the notice and explanatory statement, the changes are primarily to remove references to the former promoter and insert references to the new one, with specific updates to Articles 2(1), 103, 114, and 120. The amended AoA will replace the existing AoA. However, the revised AoA is not available on the website: shareholders shall be required to visit the company’s registered office to review and understand the revised AoA. In absence of the draft AoA, we are unable to take an informed view on the resolution and hence we do not support the resolution.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    6 for2 against
  • Approval of change of name of the Company from ITD Cementation India Limited to Cemindia Projects Limited and consequent alteration in Memorandum of Association and Articles of Association of the Company.MoreLess
    8 for0 against
  • Payment of Commission to Non-Executive Directors of the Company.
    Against Bank of India Mutual Fund, Mirae Asset Mutual Fund
    • Bank of India Mutual FundAt the 2024 AGM, shareholders had approved payment of commission to Non-Executive Directors up to 1.0% of the net profits, subject to a maximum of Rs 0.9 mn per annum per director, for each financial year from FY24. The company now seeks to pay commission up to 1.0% of the net profits, subject to a maximum of Rs 1.5 mn per annum per director, for each financial year from FY25. The commission will be payable in addition to sitting fees and expenses for attending board and committee meetings. The proposed commission is reasonable and in line with market practices. However, the company has not defined a tenure for payment of commission and the resolution is effectively valid in perpetuity. We believe shareholders must get an opportunity to periodically approve such payments and therefore do not support the resolution.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    6 for2 against
  • To appoint a Director in place of Mr. Jayanta Basu (DIN: 08291114), Managing Director, who retires by rotation at this Annual General Meeting and, being eligible, offers himself for re-appointment.
    8 for0 against
  • To declare a dividend of Rs. 2.00 per equity share of Rs. 1/- each (200%) for the financial year ended 31 March 2025.
    8 for0 against
  • To enter into Material Related Party Transaction(s) / Contract(s) / Arrangement(s) / Agreement(s) with Adani Road Transport Limited (ARTL), a related party of the Company in terms of Regulation 2(1)(zb) of the SEBI Listing Regulations and Indian Accounting Standards 24 (Ind AS 24), being on an arms length basis and in the ordinary course of business of the Company, for a value of Rs. 1,100 Crore.MoreLess
    8 for0 against
  • To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended 31 March 2025, 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 31 March 2025, together with the Report of the Auditors thereon.MoreLess
    8 for0 against

Mutual fund votes, meeting of 8 May 2025, 8 fund houses

  • Re-appointment of Mr. Jayanta Basu (DIN 08291114) as Managing Director of the Company, not liable to retire by rotation, for a period of three years from 1st April, 2025 to 31st March, 2028 (both days inclusive) and including remuneration.MoreLess
    7 for0 against
  • Re-appointment of Mr. Santi Jongkongka (DIN 08441312) as Whole-time Director designated as Executive Vice Chairman of the Company, liable to retire by rotation, for a period of three months commencing from 1st April, 2025 to 30th June, 2025 (both days inclusive) and including remuneration.MoreLess
    7 for0 against
  • Reappoint Jayanta Basu (DIN: 08291114) as Managing Director for three years from 1 April 2025, not liable to retire by rotation, and fix his remuneration
    1 for0 against
  • Reappoint Santi Jongkongka (DIN: 08441312) as Whole-time Director designated as Executive Vice-Chairperson for three months from 1 April 2025, liable to retire by rotation and fix his remuneration
    1 for0 against

Mutual fund votes, meeting of 28 Aug 2024, 6 fund houses

  • Payment of Commission to Non-Executive Directors as may be determined by the Board Directors but not exceeding in the aggregate 1% of the net profits of the Company computed in the manner laid down in Section 198 of the Act, subject to a maximum of Rs. 9,00,000/- per annum to each Non-Executive Director for each financial year of the Company commencing on and from 01 April 2023 be paid to and distributed amongst the Non - Executive Directors of the Company.MoreLess
    Against Bank of India Mutual Fund
    • Bank of India Mutual FundThe commission will be paid in addition to the sitting fees for attending board and committee meetings. In the last three years, the aggregate commission payout to Non-Executive Directors has been in the range of 0.1% to 0.4% of standalone PBT, which is reasonable for the size of business. While the payment of commission is in line with market practices, the company has not defined a tenure for payment of commission and the resolution is effectively valid for perpetuity. We believe shareholders must get an opportunity to periodically approve such payments and therefore do not support the resolution.
    5 for1 against
  • Ratification of remuneration of Rs. 6,00,000/- plus applicable taxes and out of pocket expenses payable to Mr. Suresh Damodar Shenoy, Cost Accountant (Membership Number 8318) appointed as the Cost Auditor of the Company to conduct the audit of the cost records of the Company for the financial year ending on 31 March 2025.MoreLess
    6 for0 against
  • To appoint a Director in place of Mr. Piyachai Karnasuta (DIN: 07247974), who retires by rotation at this Annual General Meeting and, being eligible, offers himself for re-appointment.
    6 for0 against
  • To declare a dividend of Rs. 1.70 per equity share of Rs. 1/- each (170%) for the financial year ended 31 March 2024.
    6 for0 against
  • To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended 31 March 2024, 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 31 March 2024, together with the Report of the Auditors thereon.MoreLess
    6 for0 against

Mutual fund votes, meeting of 27 Aug 2024, 1 fund house

  • Approval and ratification of payment of remuneration to Mr. Suresh Damodar Shenoy (Membership no. 8318), Cost Accountant, appointed as Cost Auditor for the financial period ending on 31st March, 2025.
    1 for0 against
  • Approval of payment of commission to Non-Executive Directors of the Company
    1 for0 against
  • To appoint a Director in place of Mr. Piyachai Karnasuta (DIN: 07247974), who retires by rotation at this Annual General Meeting and, being eligible, offers himself for re-appointment
    1 for0 against
  • To declare a dividend of Re. 1.70/- per equity share of Re. 1/- each (170%) for the financial year ended 31st March, 2024.
    1 for0 against
  • To receive, consider and adopt:a. the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2024, together with the Reports of the Board of Directors and the Auditors thereon; andb. the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2024, together with the Report of the Auditors thereon.MoreLess
    1 for0 against

Mutual fund votes, meeting of 29 Oct 2023, 4 fund houses

  • Approval for Material Related Party Transaction with ITD Cementation India Limited- Transrail Lighting Limited Joint Venture (Joint Venture) being on an arm's length basis and in the ordinary course of business of the Company for a value of USD 149 million.MoreLess
    3 for0 against
  • Approve Material Related Party Transactions with ITD Cementation India Limited - Transrail Lighting Limited Joint Venture (Joint Venture)
    1 for0 against
  • Re-appointment of Mr. Pankaj I.C. Jain (DIN 00173513) as an Independent Director of the Company not liable to retire by rotation, to hold office for a second term of 5 consecutive years from 31st October, 2023 to 30th October, 2028 (both days inclusive).MoreLess
    3 for0 against
  • Reelect Pankaj I.C. Jain as Director
    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 Jun 2026.

  • Tax disputeAdditional Commissioner, Ahemdabad South - 1, GujaratSince 3 Feb 2025
    Two hearings have taken place and another further hearing date has been granted on 14.7.26.
    At the filing before: GST has been levied for the period 2017-18 to 2022-23 on the basis of deemed consideration for corporate guarantees issued on behalf to unincorporated Joint Ventures. The total tax including penalty amount is Rs. 34.66 crores. Writ Petition has been filed with Gujarat High Court on 17.04.2025.MoreLess
  • Tax disputeDy Commissioner of Income Tax, Central Circle 5(1), MumbaiSince 5 Oct 2024
    The Order Giving effect to ITAT order is yet to be received.
    At the filing before: This appeal is filed by the department for Assessment Year 15-16 at ITAT against deletion of disallowances of Contingency expenses of Rs 1439.10 lakh by CIT(A). ITAT has dismissed the appeal filed by the department for Assessment Year 15-16.MoreLess
  • Tax disputeDy Commissioner of Income Tax, Central Circle 5(1), MumbaiSince 5 Oct 2024
    The Order Giving effect to ITAT order received. Further action from the department on ITAT order is awaited.
    At the filing before: This appeal is filed by the department for Assessment Year 16-17 at ITAT against deletion of disallowances of Contingency expenses of Rs 3778.12 lakh by CIT(A). ITAT has dismissed the appeal filed by the department for Assessment Year 16-17.MoreLess
  • Tax disputeDy Commissioner of Income Tax, Central Circle 5(1), MumbaiSince 5 Sep 2024
    The Order Giving effect to ITAT order received. Further action from the department on ITAT order is awaited.
    At the filing before: This appeal is filed by the Company for Assessment year 16-17 at ITAT against disallowances of foreseeable loss of Rs 245.07 lakh and Contingency expenses of Rs 96.87 lakh during re-assessment proceedings which is confirmed by CIT(A). ITAT has passed order deleting the disallowance of foreseeable loss from 115JB profit and Contingency expenses.MoreLess
  • Tax disputeDy Commissioner of Income Tax, Central Circle 5(1), MumbaiSince 4 Sep 2024
    The Order Giving effect to ITAT order is yet to be received.
    At the filing before: This appeal is filed by the Company for Assessment Year 15-16 at ITAT against disallowances of foreseeable loss of Rs 378.68 lakh and Contingency expenses of Rs 36.90 lakh during re-assessment proceedings which is confirmed by CIT(A). ITAT has passed order deleting the disallowance of foreseeable loss and Contingency expenses.MoreLess
  • Tax disputeDy Commissioner of Income Tax, Central Circle 5(1), MumbaiSince 4 Sep 2024
    Company's application under VSVT scheme accepted. Tax calculation on giving effect to VSVT scheme awaited.
    At the filing before: This appeal is filed by the Company for Assessment year 18-19 at ITAT against disallowances of Contingency expenses of Rs 33.27 lakh during re-assessment proceedings which is confirmed by CIT(A). The Company has filed application under Vivad Se Vishwas Tak scheme (VSVT scheme) for Assessment year 18-19. Hence the appeal for Assessment year 18-19 is dismissed with a liberty to revive the appeal if the application under VSVT scheme is rejected for Assessment year 18-19.MoreLess
  • Tax disputeDy Commissioner of Income Tax, Central Circle 5(1), MumbaiSince 4 Sep 2024
    Further action from the department on ITAT order is awaited.
    At the filing before: This appeal is filed by the Company for Assessment Year 19-20 at ITAT against disallowances of 80IA deduction of Rs 14857 lakh by CIT(A). ITAT has passed order allowing Company's appeal and held that re-opening proceedings for Assessment Year 19-20 are bad in law.MoreLess
  • Tax disputeDy Commissioner of Income Tax, Central Circle 5(1), MumbaiSince 4 Sep 2024
    Company's application under VSVT scheme accepted. Tax calculation on giving effect to VSVT scheme awaited.
    At the filing before: This appeal is filed by the department for Assessment Year 18-19 at ITAT against deletion disallowances of Contingency expenses of Rs 1331.11 lakh by CIT(A). The Company has filed application under Vivad Se Vishwas Tak scheme (VSVT scheme) for Assessment Year 18-19. Hence the appeal forAssessment Year 18-19 is dismissed with a liberty to revive the appeal if the application under VSVT scheme is rejected for Assessment Year 18-19.MoreLess
6 more
  • Tax disputeDy Commissioner of Income Tax, Central Circle 5(1), MumbaiSince 19 Jul 2024
    CIT Appeal passed an order deleting entire disallowance contingency expenses. Tax department has filed appeal at ITAT on 17.6.26 against CIT(A)'s order on the gound of Contigency expenses - Rs 40 lakh and Royalty Rs 35.62 lakh on revenue from JV where company is a member.MoreLess
    At the filing before: This appeal is filed by the Company for Assessment Year 22-23 before CIT(A) against disallowances made by the Assessing officer of Rs 40 lakh towards contingency expenses.
  • Tax disputePrincipal Commissioner of Income Tax, Central -3, MumbaiSince 20 Oct 2023
    The writ perition is not yet come up for hearing.
    At the filing before: The writ petition filed by the Company for Assessment Year 16-17 against ITAT order upholding disallowance of foreseeable loss of Rs 245.07 lakh.
  • Tax disputeDy Commissioner of Income Tax, Central Circle 5(1), MumbaiSince 5 Jun 2023
    CIT Appeal passed an order deleting entire disallowance contingency expenses. Tax department has filed appeal at ITAT on 11.6.26 against CIT(A)'s order on the ground of Contigency expenses - Rs 1692.66 lakh and Royalty Rs 6.50 lakh on revenue from JV where company is a member.MoreLess
    At the filing before: This appeal is filed by the Company for Assessment Year 20-21 before CIT(A) against disallowances made by the Assessing officer of Rs 1692.66 lakh towards contingency expenses, 80IA deduction of Rs 1218.13 lakh.MoreLess
  • Tax disputeDy Commissioner of Income Tax, Central Circle 5(1), MumbaiSince 5 Jun 2023
    CIT(A) has passed an order deleting the entire disallowance of contingency expenses. Tax department has filed appeal at ITAT on 17.6.26 against CIT(A)'s order on the ground of Contigency expenses - Rs 3956.36 lakh and Royalty Rs 19.67 lakh on revenue from JV where company is a member.MoreLess
    At the filing before: This appeal is filed by the Company for Assessment Year 21-22 before CIT(A) against disallowances made by the Assessing officer of Rs 3956.36 lakh towards contingency expenses.
  • Tax disputeCommissioner of Service Tax - MumbaiSince 24 Apr 2021
    CESTAT has adjudicated in favour of the company.
    At the filing before: Service tax has been levied under incorrect head for the period 2004 to 2009 under various grounds. The total amount of dispute is Rs. 37.25 crores. During service tax investigation amount of Rs. 17.50 crores has been paid under protest. Matter is pending with CESTAT.MoreLess
  • Tax disputeCommissioner of Income Tax - 10, MumbaiSince 3 Apr 2017
    The appeal is yet to be heard.
    At the filing before: This appeal is filed by the department at High Court for Assessment Year 04-05 against foreseeable loss of Rs 587.47 lakh allowed by the ITAT as deductible expenses.

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 Dec 2024.
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.