Centum Electronics MD, chairman, board of directors and AGM
NSE: CENTUMBSE: 517544Aerospace & DefenseSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹3,923.40.
- 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.
- ₹5,649 Cr843rd 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 13 Aug 2026
- 103.3
- 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 −₹26 crore of one-off items, the largest of them in the quarter to Jun 2026.
- 69.8
- 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 15 May 2026
- 16.5
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.13%
- 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.
- Assets held for saleon the latest balance sheet
- 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.
- Assets held for saleon the latest balance sheet
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- Assets held for saleon the latest balance sheet
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,10,54666.9% delivered
Centum Electronics board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorMALLAVARAPU VENKATA APPARAO
- Managing directorNIKHIL MALLAVARAPU
- Company Secretary and Compliance OfficerIndu H S
8 directors5 independent2 executive1 non-executive
- MALLAVARAPU VENKATA APPARAO · Chairperson and managing directorExecutive · joined Jan 1993 · reappointed Aug 2025 · 1 listed board · 1 committee seat
- TANYA MALLAVARAPUNon-executive · joined May 2023 · reappointed May 2026 · 1 listed board · 1 committee seat
- NIKHIL MALLAVARAPU · Managing directorExecutive · joined Feb 2020 · reappointed Feb 2025 · 1 listed board · 1 committee seat
- VELAGAPUDI KAVITHA DUTTIndependent · joined Mar 2020 · reappointed Mar 2025 · 75 months as independent · 4 listed boards · 2 as independent · 5 committee seats, 2 as chair
- TARUN SAWHNEYIndependent · joined May 2024 · reappointed May 2024 · 25 months as independent · 4 listed boards · 2 as independent · 7 committee seats, 1 as chair
- UDAYANT MALHOUTRAIndependent · joined May 2025 · reappointed May 2025 · 13 months as independent · 2 listed boards · 1 as independent · 2 committee seats, 1 as chair
- APURVA CHANDRAIndependent · joined Dec 2025 · reappointed Dec 2025 · 6 months as independent · 6 listed boards · 5 as independent · 3 committee seats
- RAMESH RAMADURAIIndependent · joined Feb 2026 · reappointed Feb 2026 · 4 months as independent · 3 listed boards · 3 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.
3 directors who left
- PARTHASARATHI THIRUVENGADAM, left 27 Dec 2025: Tenure Completion
- RAJIV CHANDRAKANTH MODY, left 6 Aug 2025: Tenure Completion
- MANOJ NAGRATH, left 6 Aug 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 14 May 20268 of 8 present5 independent · 88 days in between
- 14 Feb 20268 of 8 present5 independent
Audit Committee
Chair TARUN SAWHNEY
MALLAVARAPU VENKATA APPARAO, VELAGAPUDI KAVITHA DUTT
- 13 May 20263 of 3 present2 independent · 55 days in between
- 18 Mar 20263 of 3 present2 independent · 31 days in between
- 14 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair VELAGAPUDI KAVITHA DUTT
MALLAVARAPU VENKATA APPARAO, TARUN SAWHNEY, UDAYANT MALHOUTRA
- 13 May 20264 of 4 present3 independent · 87 days in between
- 14 Feb 20264 of 4 present3 independent
Stakeholders Relationship Committee
Chair UDAYANT MALHOUTRA
NIKHIL MALLAVARAPU, TANYA MALLAVARAPU
- 13 May 20263 of 3 present1 independent · 355 days in between
- 22 May 20253 of 3 present1 independent
Risk Management Committee
Chair NIKHIL MALLAVARAPU
UDAYANT MALHOUTRA, TANYA MALLAVARAPU, SUNDARARAJAN PARTHASARATHY
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair TANYA MALLAVARAPU
VELAGAPUDI KAVITHA DUTT, NIKHIL MALLAVARAPU
- 13 May 20263 of 3 present1 independent · 183 days in between
- 10 Nov 20254 of 4 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 Mar 2026.
- S.R. Batliboi & Co. LLPPeer-review certificate valid to Jul 2027
1 earlier auditor
- S R Batliboi & Associates 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.
Centum Electronics 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.Centum Electronics dividend history
Annual general meeting, 13 Aug 2026
31,594 shareholders on the register on 6 Aug 2026; present: 5 promoters and 50 others; votes counted by S P Nagarajan / S P Nagarajan.The company's voting result (opens in a new tab)
- Adoption of Standalone Financial StatementsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 66.43% · promoters 100.00% · institutions 80.10% · other public 4.44%
- Adoption of Consolidated Financial StatementsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 66.43% · promoters 100.00% · institutions 80.10% · other public 4.44%
- Declaration of DividendOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 66.43% · promoters 100.00% · institutions 80.10% · other public 4.44%
- Retirement of Director by rotationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 66.43% · promoters 100.00% · institutions 80.10% · other public 4.44%
- Remuneration payable to the Cost AuditorsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 66.43% · promoters 100.00% · institutions 80.10% · other public 4.44%
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, 16 Mar 2026, 3 resolutions
26,235 shareholders on the register on 6 Feb 2026; votes counted by S P Nagarajan / S P Nagarajan.The company's voting result (opens in a new tab)
- Appointment of Mr. Apurva Chandra (DIN: 02531655) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.32% · promoters 100.00% · institutions 87.26% · other public 12.88%
- Appointment of Mr. Ramesh Ramadurai (DIN: 07109252) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.32% · promoters 100.00% · institutions 87.26% · other public 12.88%
To approve restructuring of Centum Electronics UK Limited and Centum T&S Group Société Anonyme (S.A.), France (along with its subsidiaries) by way of divestment / sale / disposal of investments / assets and/or cessation of control of the Company in Centum Electronics UK Limited and Centum T&S Group Société Anonyme (S.A.), France and its subsidiariesMoreLess
Special99.92% for0.08% againstAgainst: promoters 0.00% · institutions 0.27% · other public 0.00%
Turnout: all 71.33% · promoters 100.00% · institutions 87.26% · other public 12.89%
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 Aug 2025, 6 resolutions
20,985 shareholders on the register on 29 Jul 2025; present: 5 promoters and 51 others; votes counted by S P Nagarajan / S P Nagarajan.The company's voting result (opens in a new tab)
- Adoption of Standalone Financial StatementsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 67.49% · promoters 100.00% · institutions 84.97% · other public 3.36%
- Adoption of Consolidated Financial StatementsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 67.49% · promoters 100.00% · institutions 84.97% · other public 3.36%
- Declaration of DividendOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 67.49% · promoters 100.00% · institutions 84.97% · other public 3.36%
- Retirement of Director by rotationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 67.49% · promoters 100.00% · institutions 84.97% · other public 3.36%
- Appointment of Secretarial Auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 67.49% · promoters 100.00% · institutions 84.97% · other public 3.36%
- Remuneration payable to the Cost AuditorsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 67.49% · promoters 100.00% · institutions 84.97% · other public 3.36%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 2 Jul 2025, 4 resolutions
18,640 shareholders on the register on 30 May 2025; votes counted by S P Nagarajan / S P Nagarajan.The company's voting result (opens in a new tab)
- Re-appointment of Mr. Apparao V Mallavarapu (DIN: 00286308) as Chairman and Managing Director of the CompanySpecial99.35% for0.65% against
Against: promoters 0.00% · institutions 2.98% · other public 0.05%
Turnout: all 67.07% · promoters 100.00% · institutions 86.68% · other public 2.88%
- Continuation of Mr. Apparao V Mallavarapu as Chairman and Managing Director of the Company post attaining the age of seventy yearsSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 67.07% · promoters 100.00% · institutions 86.68% · other public 2.88%
- Appointment of Dr. Udayant Malhoutra (DIN: 00053714) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 67.07% · promoters 100.00% · institutions 86.68% · other public 2.88%
- Re-designation of Mr. Nikhil Mallavarapu (DIN: 00288551) as Joint Managing DirectorSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 67.07% · promoters 100.00% · institutions 86.68% · other public 2.88%
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, 14 Jan 2025, 3 resolutions
18,895 shareholders on the register on 6 Dec 2024; votes counted by S P Nagarajan / S P Nagarajan.The company's voting result (opens in a new tab)
- Re-appointment of Ms V Kavitha Dutt (DIN: 00139274) as an Independent Director of the Company for a second term of 5 years commencing from March 25, 2025Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 67.14% · promoters 100.00% · institutions 80.68% · other public 4.21%
- Re-appointment of Mr Nikhil Mallavarapu (DIN: 00288551) as Whole Time Director, designated as Executive Director of the Company.SpecialPromoters have an interest in it99.59% for0.41% against
Against: institutions 0.45% · other public 0.22%
Turnout: all 20.35% · institutions 80.68% · other public 4.21%
To raise funds in one or more tranches, by way of a preferential allotment or a private placement(s), Qualified Institutions Placement and/or any combination to eligible investors through issuance of equity shares and/or other eligible securities.MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.24%
Turnout: all 67.14% · promoters 100.00% · institutions 80.68% · other public 4.21%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 9 Aug 2024, 6 resolutions
Present: 6 promoters and 41 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2024, including the audited Balance Sheet, the Statement of Profit and Loss, the Cash Flow Statement, and notes to financial statements for the year ended on that date along with the reports of the Board of Directors and Auditor’s thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 67.85% · promoters 100.00% · institutions 81.75% · other public 5.00%
To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2024, including the audited Balance Sheet, the Statement of Profit and Loss, the Cash Flow Statement, and notes to financial statements for the year ended on that date along with the reports of the Board of Directors and Auditor’s thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 67.85% · promoters 100.00% · institutions 81.75% · other public 5.00%
- To declare a final Dividend of ¿ 3.00/- per equity share (i.e., 30%) of ¿ 10/- each for the financial year ended 31st March 2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 67.85% · promoters 100.00% · institutions 81.75% · other public 5.00%
- To appoint a Director in place of Ms.Tanya Mallavarapu (DIN: 01728446) who retires by rotation and being eligible, offers herself for the re-appointment.Ordinary99.96% for0.04% against
Against: promoters 0.00% · institutions 0.34% · other public 0.01%
Turnout: all 67.85% · promoters 100.00% · institutions 81.75% · other public 5.00%
- Appointment of Mr.Tarun Sawhney (DIN: 00382878) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 67.85% · promoters 100.00% · institutions 81.75% · other public 5.00%
- Remuneration payable to the Cost AuditorsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 67.85% · promoters 100.00% · institutions 81.75% · other public 5.00%
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 Aug 2023, 6 resolutions
Present: 5 promoters and 46 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2023, including the audited Balance Sheet, the Statement of Profit and Loss, the Cash Flow Statement, and notes to financial statements for the year ended on that date along with the reports of the Board of Directors and Auditor’s thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 65.14% · promoters 100.00% · institutions 98.21% · other public 4.56%
To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2023, including the audited Balance Sheet, the Statement of Profit and Loss, the Cash Flow Statement, and notes to financial statements for the year ended on that date along with the report of the Auditor’s thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 65.14% · promoters 100.00% · institutions 98.21% · other public 4.56%
- To declare a final Dividend of ₹ 4 per equity share (i.e., 40%) of ₹ 10/- each for the financial year ended 31st March 2023.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 65.14% · promoters 100.00% · institutions 98.21% · other public 4.56%
- To appoint a Director in place of Mr.Nikhil Mallavarapu (DIN: 00288551) who retires by rotation and being eligible, offers himself for the re-appointment.Ordinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.66% · other public 0.05%
Turnout: all 65.14% · promoters 100.00% · institutions 98.21% · other public 4.56%
- Appointment of Ms. Tanya Mallavarapu (DIN: 01728446) as a DirectorOrdinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.66% · other public 0.05%
Turnout: all 65.14% · promoters 100.00% · institutions 98.21% · other public 4.56%
- Remuneration payable to the Cost AuditorsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 65.14% · promoters 100.00% · institutions 98.21% · other public 4.56%
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, 12 Aug 2022, 5 resolutions
Present: 5 promoters and 42 others.The company's voting result (opens in a new tab)
- Adoption of Financial Statements and Reports thereon for the financial year ended 31st March, 2022.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.82% · promoters 100.00% · institutions 89.83% · other public 5.70%
- Declaration of DividendOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.82% · promoters 100.00% · institutions 89.83% · other public 5.70%
- Re-appointment of Dr. Swarnalatha Mallavarapu, as a Director liable to retire by rotation.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.82% · promoters 100.00% · institutions 89.83% · other public 5.70%
- Re-appointment of M/s. S. R. Batliboi & Associates LLP, Chartered Accountants (Firm Registration Number - 101049W/E300004)Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.82% · promoters 100.00% · institutions 89.83% · other public 5.70%
- Ratification of Remuneration payable to the Cost AuditorsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.82% · promoters 100.00% · institutions 89.83% · other public 5.70%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
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 16 Mar 2026, 2 fund houses
- Appointment of Mr. Apurva Chandra (DIN: 02531655) as an Independent Director of the Company2 for0 against
- Appointment of Mr. Ramesh Ramadurai (DIN: 07109252) as an Independent Director of the Company2 for0 against
To approve restructuring of Centum Electronics UK Limited and Centum T&S Group Société Anonyme (S.A.), France (along with its subsidiaries) by way of divestment / sale / disposal of investments / assets and/or cessation of control of the Company in Centum Electronics UK Limited and Centum T&S Group Société Anonyme (S.A.), France and its subsidiariesMoreLess
2 for0 against
Mutual fund votes, meeting of 5 Aug 2025, 2 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Adoption of Standalone Financial Statements2 for0 against
- Adoption of Consolidated Financial Statements2 for0 against
- Declaration of Dividend2 for0 against
- Appointment of Secretarial Auditors of the Company2 for0 against
- Remuneration payable to the Cost Auditors2 for0 against
1 proposal not matched to one resolution
- To appoint a Director in place of Ms. Tanya Mallavarapu (DIN: 01728446) who retires by rotation and being eligible, offers herself for the re-appointment.2 for0 against
5 earlier meetings
Mutual fund votes, meeting of 2 Jul 2025, 2 fund houses
- Re-appointment of Mr. Apparao V Mallavarapu (DIN: 00286308) as Chairman and Managing Director of the Company
Against Bandhan Mutual Fund
- Bandhan Mutual FundApparao V Mallavarapu, 68, is the promoter, Chairperson and Managing Director. Apparao V Mallavarapu is a member of the Nomination and Remuneration Committee, which creates a conflict of interest. We estimate Apparao V Mallavarapu’s FY26 remuneration at Rs. 48.2 mn. The remuneration terms include commission, which is not capped in absolute terms. We note that his overall remuneration payouts (including commission) have been at an average of 25% of consolidated PBT over the last three years, which is high. The proposed remuneration is high compared to the consolidated size of the company. There is no linkage between the remuneration payouts and the consolidated performance of the company. The commission is uncapped. The board must disclose how it has benchmarked Apparao V Mallavarapu’s remuneration. While we support his reappointment as Chairperson and Managing Director, we do not support the resolution due to concerns regarding his remuneration. We raise concern over the independence of the Nomination and Remuneration Committee (NRC). Apparao V Mallavarapu is a member of the NRC, which poses a conflict of interest and weakens board checks on executive compensation. Of the remaining three-members of the NRC, two are tenured independent directors with a board tenure of not less than 15 years.
1 for1 against - Continuation of Mr. Apparao V Mallavarapu as Chairman and Managing Director of the Company post attaining the age of seventy years2 for0 against
- Appointment of Dr. Udayant Malhoutra (DIN: 00053714) as an Independent Director of the Company2 for0 against
- Re-designation of Mr. Nikhil Mallavarapu (DIN: 00288551) as Joint Managing Director2 for0 against
Mutual fund votes, meeting of 14 Jan 2025, 2 fund houses
- Re-appointment of Ms V Kavitha Dutt (DIN: 00139274) as an Independent Director of the Company for a second term of 5 years commencing from March 25, 20252 for0 against
- Re-appointment of Mr Nikhil Mallavarapu (DIN: 00288551) as Whole Time Director, designated as Executive Director of the Company.2 for0 against
To raise funds in one or more tranches, by way of a preferential allotment or a private placement(s), Qualified Institutions Placement and/or any combination to eligible investors through issuance of equity shares and/or other eligible securities.MoreLess
2 for0 against
Mutual fund votes, meeting of 9 Aug 2024, 2 fund houses
To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2024, including the audited Balance Sheet, the Statement of Profit and Loss, the Cash Flow Statement, and notes to financial statements for the year ended on that date along with the reports of the Board of Directors and Auditor’s thereon.MoreLess
2 for0 againstTo receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2024, including the audited Balance Sheet, the Statement of Profit and Loss, the Cash Flow Statement, and notes to financial statements for the year ended on that date along with the reports of the Board of Directors and Auditor’s thereon.MoreLess
2 for0 against- To declare a final Dividend of ¿ 3.00/- per equity share (i.e., 30%) of ¿ 10/- each for the financial year ended 31st March 2024.2 for0 against
- To appoint a Director in place of Ms.Tanya Mallavarapu (DIN: 01728446) who retires by rotation and being eligible, offers herself for the re-appointment.2 for0 against
- Appointment of Mr.Tarun Sawhney (DIN: 00382878) as an Independent Director of the Company2 for0 against
- Remuneration payable to the Cost Auditors2 for0 against
Mutual fund votes, meeting of 11 Aug 2023, 1 fund house
To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2023, including the audited Balance Sheet, the Statement of Profit and Loss, the Cash Flow Statement, and notes to financial statements for the year ended on that date along with the reports of the Board of Directors and Auditor’s thereon.MoreLess
1 for0 againstTo receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2023, including the audited Balance Sheet, the Statement of Profit and Loss, the Cash Flow Statement, and notes to financial statements for the year ended on that date along with the report of the Auditor’s thereon.MoreLess
1 for0 against- To declare a final Dividend of ₹ 4 per equity share (i.e., 40%) of ₹ 10/- each for the financial year ended 31st March 2023.1 for0 against
- To appoint a Director in place of Mr.Nikhil Mallavarapu (DIN: 00288551) who retires by rotation and being eligible, offers himself for the re-appointment.1 for0 against
- Appointment of Ms. Tanya Mallavarapu (DIN: 01728446) as a Director1 for0 against
- Remuneration payable to the Cost Auditors1 for0 against
Mutual fund votes, meeting of 12 Aug 2022, 1 fund house
- Adoption of Financial Statements and Reports thereon for the financial year ended 31st March, 2022.1 for0 against
- Declaration of Dividend1 for0 against
- Re-appointment of Dr. Swarnalatha Mallavarapu, as a Director liable to retire by rotation.1 for0 against
- Re-appointment of M/s. S. R. Batliboi & Associates LLP, Chartered Accountants (Firm Registration Number - 101049W/E300004)1 for0 against
- Ratification of Remuneration payable to the Cost Auditors1 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 disputeCommissioner of Central Tax, Bangalore North DivisionSince 4 Jun 2018The Company has filed an appeal before CESTAT and awaiting hearing.
At the filing before: The Headquarters Preventive Unit, Bangalore II Commissionerate conducted the audit for period from the 2009-10 to 2014-15 and indicated that the company has not paid service tax under reverse charge on the expenses incurred in the foreign currency towards selling and marketing office situated aboard. The quantum of claims is amounting to Rs.52.61 million.MoreLess
- Tax disputeCommissioner of Central Tax, Bangalore North DivisionSince 13 Aug 2021The Company has filed an appeal before CESTAT and awaiting hearing.
At the filing before: The Headquarters Preventive Unit, Bangalore II Commissionerate conducted the audit for period from the 2016-17 to 2017-18 (June 2017) and indicated that the company has not paid service tax under reverse charge on the expenses incurred in the foreign currency towards selling and marketing office situated aboard. The quantum of claims is amounting to Rs.36.73 million.MoreLess
- Tax disputeAO, Income Tax DepartmentSince 11 Mar 2025The Company has filed an appeal before High Court and awaiting hearing.At the filing before: Assessment order was received by the Company, wherein certain disallowances are proposed by the assessing officer. The demand raised is Rs.4.56 crores (including interest).
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- 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.
How money raised was used
Reported for the quarter to Jun 2026.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| QIPMar 2025, checked by Crisil Ratings Limited | 210.00 | Repayment / pre-payment, in part or in full, of certain outstanding borrowings availed by the Company | 114.99 | 114.99 | No |
| QIPMar 2025, checked by Crisil Ratings Limited | 210.00 | Capital expenditure for purchase of new equipment and machinery | 34.97 | 25.68 | No |
| QIPMar 2025, checked by Crisil Ratings Limited | 210.00 | General Corporate Purposes | 50.72 | 0.00 | No |