Choice International logo

Choice International CEO, MD, chairman, board of directors and AGM

NSE: CHOICEINBSE: 531358FinanceSmall Cap

Last close ₹686.65down ₹27.35 (3.83%)BSE ₹688.15

Share price at the NSE close on 23 Oct 2026. Previous close ₹714.00.

52-week range of traded prices to 23 Oct 2026
₹568.70Low, 23 Mar 2026₹860.50High, 5 Jan 2026
Market cap
₹15,297 Cr411th largest listed
P/E
63.0
P/B
9.2
Dividend yield
Nonein the last 12 months
ROE
18.0%
ROCE
14.7%
Debt to equity
0.48
Volume, NSE
2,30,46336.9% delivered

Choice International 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

  • ChairpersonVinita Sunil Patodia
  • Managing directorKamal Poddar
  • Chief executiveArun Kumar Poddar
  • Managing directorSuyash Sunil Patodia
  • Company Secretary and Compliance OfficerKarishma Shah

12 directors7 independent4 executive1 non-executive

  • Vinita Sunil Patodia · ChairpersonNon-executive · joined May 2022 · reappointed Sep 2024 · 1 listed board
  • Kamal Poddar · Managing directorExecutive · joined Sep 2008 · reappointed Oct 2024 · 1 listed board · 1 committee seat
  • Arun Kumar Poddar · Chief executiveExecutive · joined Feb 2022 · reappointed Feb 2025 · 1 listed board · 1 committee seat
  • Suyash Sunil Patodia · Managing directorExecutive · joined Feb 2022 · reappointed Feb 2025 · 1 listed board
  • Ajay KejriwalExecutive · joined May 2010 · reappointed Sep 2025 · 1 listed board · 1 committee seat
  • Ashok Kumar Thakur · Shareholder DirectorIndependent · joined Jul 2016 · reappointed Jul 2021 · 119 months as independent · 4 listed boards · 4 as independent · 5 committee seats, 4 as chair
  • Subodh Kumar Agarwal · Shareholder DirectorIndependent · joined Nov 2020 · reappointed Nov 2025 · 67 months as independent · 1 listed board · 1 as independent
  • Kanhaiya Lal Berwal · Shareholder DirectorIndependent · joined Jul 2016 · reappointed Jul 2021 · 119 months as independent · 1 listed board · 1 as independent
  • Sandeep Singh Kumar · Shareholder DirectorIndependent · joined Feb 2021 · reappointed Feb 2026 · 64 months as independent · 2 listed boards · 2 as independent · 1 committee seat
  • Sobhag Mal Jain · Shareholder DirectorIndependent · joined May 2023 · reappointed May 2023 · 38 months as independent · 4 listed boards · 4 as independent · 4 committee seats
  • Raj Kumar · Shareholder DirectorIndependent · joined Oct 2024 · reappointed Oct 2024 · 20 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Barnali Mukherjee · Shareholder DirectorIndependent · joined Mar 2026 · reappointed Mar 2026 · 3 months as independent · 1 listed board · 1 as independent · 1 committee seat

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

1 director who left
  • Sudha Bhushan, left 11 Feb 2026: Tenure Completion

Committees and meetings

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

  • Board

    • 23 Apr 202612 of 12 present7 independent · 26 days in between
    • 27 Mar 202611 of 11 present6 independent

  • Audit Committee

    Chair Ashok Kumar Thakur

    Sobhag Mal Jain, Raj Kumar, Ajay Kejriwal

    • 23 Apr 20263 of 3 present2 independent · 78 days in between
    • 3 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Ashok Kumar Thakur

    Sandeep Singh Kumar, Kanhaiya Lal Berwal, Subodh Kumar Agarwal

    • 23 Apr 20262 of 3 present2 independent · 26 days in between
    • 27 Mar 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Barnali Mukherjee

    Arun Kumar Poddar, Kamal Poddar

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Kamal Poddar

    Ajay Kejriwal, Ashok Kumar Thakur, Subodh Kumar Agarwal

    • 23 Apr 20263 of 3 present1 independent · 78 days in between
    • 3 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 Jun 2026.

  • M S K A & Co.Peer-review certificate valid to Jul 2027
1 earlier auditor
  • M K S K A & Co.Named 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.

Choice International 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.Choice International share news and announcements

Annual general meeting, 26 Sep 2026

25,811 shareholders on the register on 19 Sep 2026; present: 14 promoters and 255 others; votes counted by Manoj Mimani / R M Mimnai and Associates LLP.The company's voting result (opens in a new tab)

  1. To consider and adopt: A) Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Reports of the Board of Directors and Auditors thereon B) Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Reports of the Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.92% · promoters 96.38% · institutions 66.36% · other public 34.35%

  2. To reappoint a director in place of Mr. Arun Kumar Poddar (DIN: 02819581) who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and being eligible to offers being eligible, offers himself for re-appointmentMoreLess
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.50% · other public 0.00%

    Turnout: all 63.24% · promoters 82.08% · institutions 66.36% · other public 34.35%

  3. To approve Material Related Party Transactions to be entered into with the Subsidiary Companies
    OrdinaryPromoters have an interest in it
    99.48% for0.52% against

    Against: promoters 0.00% · institutions 4.28% · other public 0.00%

    Turnout: all 55.74% · promoters 68.11% · institutions 66.36% · other public 34.35%

  4. Approval for material related party Transactions to be entered by the company/ subsidiaries of the company with Mr. Kmal Poddar, promoter and managing director of the company
    OrdinaryPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.38% · other public 0.00%

    Turnout: all 55.74% · promoters 68.11% · institutions 66.36% · other public 34.35%

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, 10 May 2026, 2 resolutions

26,834 shareholders on the register on 3 Apr 2026; votes counted by Manoj Mimani / R M Mimani & associates LLP.The company's voting result (opens in a new tab)

  1. Appointment Of Mrs. Barnali Mukherjee (DIN: 11063352) As Non – Executive Independent Director Of The Company
    Special
    100.00% for0.00% against

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

    Turnout: all 58.79% · promoters 98.24% · institutions 10.59% · other public 13.98%

  2. APPROVAL FOR GRANTING LOANS, PROVIDING GUARANTEES OR SECURITIES AND MAKING INVESTMENTS IN EXCESS OF THE LIMITS SPECIFIED UNDER SECTION 186 OF THE COMPANIES ACT, 2013
    Special
    97.95% for2.05% against

    Against: promoters 0.00% · institutions 97.00% · other public 0.01%

    Turnout: all 58.79% · promoters 98.24% · institutions 10.59% · other public 13.98%

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, 17 Sep 2025, 11 resolutions

27,899 shareholders on the register on 10 Sep 2025; present: 11 promoters and 226 others; votes counted by Manoj Mimani / R M Mimnai and Associates LLP.The company's voting result (opens in a new tab)

  1. To consider and adopt: A) Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025 and the Reports of the Board of Directors and Auditors thereon. B) Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025 and the Reports of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.63% · promoters 98.62% · institutions 61.95% · other public 25.50%

  2. To appoint a director in place of Mr. Ajay Rajendra Kejriwal (DIN: 03051841) who retires by rotation and being eligible to offers himself for re-appointment.
    Ordinary
    98.64% for1.36% against

    Against: promoters 0.00% · institutions 11.69% · other public 0.00%

    Turnout: all 70.85% · promoters 98.62% · institutions 61.95% · other public 22.92%

  3. To approve Material Related Party Transactions to be entered into with the Subsidiary Companies
    OrdinaryPromoters have an interest in it
    98.13% for1.87% against

    Against: promoters 0.00% · institutions 16.21% · other public 0.00%

    Turnout: all 71.63% · promoters 98.62% · institutions 61.95% · other public 25.50%

  4. Approval for Material Related Party Transactions of the Company/ Subsidiaries of the Company with the Directors or the Promoters of the Company/ Subsidiaries of the Company
    OrdinaryPromoters have an interest in it
    98.73% for1.27% against

    Against: promoters 0.00% · institutions 11.05% · other public 0.00%

    Turnout: all 71.63% · promoters 98.62% · institutions 61.95% · other public 25.50%

  5. Approval for borrowing limits of the Company under Section 180(1)(c) of the Companies Act, 2013
    Special
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 2.01% · other public 0.00%

    Turnout: all 71.63% · promoters 98.62% · institutions 61.95% · other public 25.50%

  6. Creation of Charges on the movable and immovable properties of the Company, both present and future, in respect of borrowings under Section 180(1)(a) of the Companies Act, 2013
    Special
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 2.01% · other public 0.00%

    Turnout: all 71.63% · promoters 98.62% · institutions 61.95% · other public 25.50%

  7. Approval to Board of Directors to give Loans, provide Guarantee or Security or make investment in excess of limit specified under section 186
    Special
    98.43% for1.57% against

    Against: promoters 0.00% · institutions 13.57% · other public 0.00%

    Turnout: all 71.63% · promoters 98.62% · institutions 61.95% · other public 25.50%

  8. To approve granting loans, guarantees and security under Section 185 of the Companies Act, 2013
    SpecialPromoters have an interest in it
    98.43% for1.57% against

    Against: promoters 0.00% · institutions 13.57% · other public 0.00%

    Turnout: all 71.63% · promoters 98.62% · institutions 61.95% · other public 25.50%

  9. To approve re-appointment of Mr. Subodh Kumar Agrawal (DIN: 00553916) as (Non-executive) Independent Director of the company for a second term of five years
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.15% · other public 0.00%

    Turnout: all 71.63% · promoters 98.62% · institutions 61.95% · other public 25.50%

  10. To approve re-appointment of Mr. Sandeep Kumar Singh (DIN: 02814440) as (Non-executive) Independent Director of the company for a second term of five years
    Special
    99.72% for0.28% against

    Against: promoters 0.00% · institutions 2.43% · other public 0.00%

    Turnout: all 71.63% · promoters 98.62% · institutions 61.95% · other public 25.50%

  11. To approve the appointment of M/S. R. M. Mimani & Associates LLP (Company Secretaries) as secretarial auditors of the company
    Ordinary
    99.80% for0.20% against

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

    Turnout: all 71.63% · promoters 98.62% · institutions 61.95% · other public 25.50%

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 Jan 2025, 1 resolution

22,692 shareholders on the register on 13 Dec 2024; votes counted by Manoj Mimani / R M Mimani & Associates LLP.The company's voting result (opens in a new tab)

  1. 1. Regularisation of Appointment of Mr. Raj Kumar (DIN: 06627311) as Non - Executive Independent Director of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 1.12% · other public 0.00%

    Turnout: all 61.64% · promoters 98.62% · institutions 8.53% · other public 10.91%

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 Sep 2024, 5 resolutions

Present: 11 promoters and 211 others.The company's voting result (opens in a new tab)

  1. To consider and adopt:nA) Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2024 and the Reports of the Board of Directors and Auditors thereon.nB) Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2024 and the reports of the Auditors thereon.nMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 69.38% · promoters 98.62% · institutions 62.75% · other public 13.79%

  2. To appoint a director in place of Mrs. Vinita Sunil Patodia (DIN: 06360364) who retires by rotation and being eligible offers herself for re-appointment
    OrdinaryPromoters have an interest in it
    99.79% for0.21% against

    Against: promoters 0.00% · institutions 1.26% · other public 0.00%

    Turnout: all 48.08% · promoters 62.02% · institutions 62.75% · other public 13.79%

  3. To consider re-appointment of Mr. Kamal Poddar (DIN: 01518700) as the Managing Director of the Company
    SpecialPromoters have an interest in it
    99.93% for0.07% against

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

    Turnout: all 49.73% · promoters 64.86% · institutions 62.75% · other public 13.79%

  4. To consider re-appointment of Mr. Suyash Sunil Patodia (DIN: 09489670) as the Joint Managing Director of the Company.
    SpecialPromoters have an interest in it
    98.06% for1.94% against

    Against: promoters 0.00% · institutions 11.69% · other public 0.00%

    Turnout: all 48.08% · promoters 62.02% · institutions 62.75% · other public 13.79%

  5. To consider re-appointment of Mr. Arun Kumar Poddar (DIN: 02819581) as an Executive Director and Chief Executive Officer of the Company
    SpecialPromoters have an interest in it
    99.93% for0.07% against

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

    Turnout: all 49.73% · promoters 64.86% · institutions 62.75% · other public 13.79%

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.

Extraordinary general meeting, 16 May 2024, 2 resolutions

Present: 8 promoters and 61 others.The company's voting result (opens in a new tab)

  1. 1 - To increase the Authorised Share Capital of the Company and amendment in the Capital Clause of the Memorandum of Association of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 56.68% · promoters 89.66% · institutions 1.17% · other public 14.64%

  2. 2 - Preferential Allotment of 2,31,21,000 (Two Crores Thirty One Lakh Twenty One Thousand) Warrants to be converted to Equivalent Number of Equity Shares to the persons belonging to Promoter Group and Non-Promoter Category.MoreLess
    SpecialPromoters have an interest in it
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 48.32% · other public 0.00%

    Turnout: all 56.68% · promoters 89.66% · institutions 1.17% · other public 14.64%

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.

Extraordinary general meeting, 12 Feb 2024, 2 resolutions

Present: 4 promoters and 77 others.The company's voting result (opens in a new tab)

  1. To increase the Authorised Share Capital of the Company and amendment in the Capital Clause of the Memorandum of Association of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 59.98% · promoters 95.84% · institutions 0.84% · other public 15.04%

  2. To Consider and Approve the Issue of Bonus Shares.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 59.98% · promoters 95.84% · institutions 0.84% · other public 15.04%

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, 26 Aug 2023, 6 resolutions

Present: 18 promoters and 232 others.The company's voting result (opens in a new tab)

  1. 1 - To consider and adopt: nnA) Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2023 and the Reports of the Board of Directors and Auditors thereon. nnnnB) Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2023 and the reports of the Auditors thereon.nnMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 59.33% · promoters 96.42% · institutions 0.45% · other public 18.16%

  2. 2 - To appoint a Director in place of Mr. Arun Kumar Poddar (DIN: 02819581) who retires by rotation and, being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 59.33% · promoters 96.42% · institutions 0.45% · other public 18.16%

  3. 3 - Approval to Board of Directors to give Loans, provide Guarantee or Security or make investment in excess of limit specified under Section 186 of the Companies Act, 2013
    Special
    100.00% for0.00% against

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

    Turnout: all 59.33% · promoters 96.42% · institutions 0.45% · other public 18.16%

  4. 4 - To approve granting loans, guarantees and security under Section 185 of the Companies Act, 2013
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 5.27% · promoters 0.00% · institutions 0.45% · other public 18.16%

  5. 5 - To approve Material Related Party Transactions to be entered into with the Subsidiary Companies
    OrdinaryPromoters have an interest in it
    99.16% for0.84% against

    Against: promoters 0.00% · institutions 64.30% · other public 0.00%

    Turnout: all 5.27% · promoters 0.00% · institutions 0.45% · other public 18.16%

  6. 6 - Approval for Material Related Party Transactions of the Company/Subsidiaries of the Company with the Directors or the Promoters of the Company/Subsidiaries of the Company.
    OrdinaryPromoters have an interest in it
    99.16% for0.84% against

    Against: promoters 0.00% · institutions 64.30% · other public 0.00%

    Turnout: all 5.27% · promoters 0.00% · institutions 0.45% · other public 18.16%

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 26 Sep 2026, 7 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.

  • To consider and adopt: A) Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Reports of the Board of Directors and Auditors thereon B) Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Reports of the Auditors thereonMoreLess
    7 for0 against
  • To reappoint a director in place of Mr. Arun Kumar Poddar (DIN: 02819581) who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and being eligible to offers being eligible, offers himself for re-appointmentMoreLess
    7 for0 against
  • To approve Material Related Party Transactions to be entered into with the Subsidiary Companies
    Against Angel One Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, ICICI Prudential Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund, SBI Mutual Fund
    • Angel One Mutual FundTransparency concern is identified as it is unclear whether the other shareholders of Choice Finserv Private Limited, in which the Company holds 82.34%, will compensate the Company for their share of liabilities that the Company may have to meet if the proposed guarantee is invoked. Or is it that the remaining owners are undertaking any other obligation to support the subsidiary.
    • DSP Mutual FundThe proposed transactions include financial support in the form of loans and guarantees to its subsidiaries and step-down subsidiaries. The amount of the proposed transactions shall not exceed Rs. 12.0 bn, Rs. 10.0 bn, Rs. 2.5 bn and Rs. 2.5 bn for Choice Equity Broking Private Limited (CEBPL), a 90% subsidiary, Choice Finserv Private Limited (CFPL), a 82.94% subsidiary, Choice Wealth Private Limited (CWPL), a 100% subsidiary of CEBPL and Choice Consultancy Services Private Limited (CCSPL), a 90% subsidiary respectively.We expect the company to approach shareholders for separate approval with each of the related parties. Further, it is unclear whether the financial assistance will be extended in proportion to the company’s effective shareholding in subsidiaries and step-down subsidiaries. Given these concerns, we are unable to support the resolution.
    • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. Despite the significant difference between the current transaction levels, existing financial capacity and proposed limit, no concern is raised regarding the feasibility of the RPTs, given the expansion plans underway and the growth rationale provided by the Company in its Annual Report. However, a transparency concern is identified as it is unclear whether the other shareholders of Choice Finserv Private Limited, in which the Company holds 82.34%, will compensate the Company for their share of liabilities that the Company may have to meet if the proposed guarantee is invoked. Or is it that the remaining owners are undertaking any other obligation to support the subsidiary.
    • ICICI Prudential Mutual FundThe proposed transactions include financial support in the form of loans and guarantees to its subsidiaries and step-down subsidiaries. The amount of the proposed transactions shall not exceed Rs. 12.0 bn, Rs. 10.0 bn, Rs. 2.5 bn and Rs. 2.5 bn for Choice Equity Broking Private Limited (CEBPL), a 90% subsidiary, Choice Finserv Private Limited (CFPL), a 82.94% subsidiary, Choice Wealth Private Limited (CWPL), a 100% subsidiary of CEBPL and Choice Consultancy Services Private Limited (CCSPL), a 90% subsidiary respectively. The AMC expects the company to approach shareholders for separate approval with each of the related parties. Further, it is unclear whether the financial assistance will be extended in proportion to the company’s effective shareholding in subsidiaries and step-down subsidiaries Given the lack of clarity, the AMC has voted against the resolution.
    • Jio BlackRock Mutual Fund, SBI Mutual FundThe proposed transactions include financial support in the form of loans and guarantees to its subsidiaries and step-down subsidiaries. The amount of the proposed transactions shall not exceed Rs. 12.0 bn, Rs. 10.0 bn, Rs. 2.5 bn and Rs. 2.5 bn for Choice Equity Broking Private Limited (CEBPL), a 90% subsidiary, Choice Finserv Private Limited (CFPL), a 82.94% subsidiary, Choice Wealth Private Limited (CWPL), a 100% subsidiary of CEBPL and Choice Consultancy Services Private Limited (CCSPL), a 90% subsidiary respectively. We expect the company to approach shareholders for separate approval with each of the related parties. Further, it is unclear whether the financial assistance will be extended in proportion to the company’s effective shareholding in subsidiaries and step-down subsidiaries. Given these concerns, we are unable to support the resolution.
    0 for7 against
  • Approval for material related party Transactions to be entered by the company/ subsidiaries of the company with Mr. Kmal Poddar, promoter and managing director of the company
    6 for0 against
1 proposal not matched to one resolution
  • Approval for Material Related Party Transactions to be entered by the Company/ Subsidiaries of the Company with Mr. Kamal Poddar, Promoter and Managing director of the Company.
    1 for0 against

Mutual fund votes, meeting of 10 May 2026, 16 fund houses

  • Appointment Of Mrs. Barnali Mukherjee (DIN: 11063352) As Non – Executive Independent Director Of The Company
    16 for0 against
  • APPROVAL FOR GRANTING LOANS, PROVIDING GUARANTEES OR SECURITIES AND MAKING INVESTMENTS IN EXCESS OF THE LIMITS SPECIFIED UNDER SECTION 186 OF THE COMPANIES ACT, 2013
    Against Aditya Birla Sun Life Mutual Fund, Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Jio BlackRock Mutual Fund, Kotak Mahindra Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund, UTI Mutual Fund
    • Aditya Birla Sun Life Mutual Fund, HDFC Mutual Fund, Jio BlackRock Mutual Fund, SBI Mutual FundIn September 2025, shareholders approved a borrowing limit of Rs. 10.0 bn, over and above the limits available under Section 186. The company now seeks approval for an enhanced limit of Rs. 30.0 bn, over and above the limits available under Section 186. The company should have disclosed the current level of utilization in the shareholder notice and provided detailed rationale for the proposed increase in the borrowing limit. The company has clarified that the proposed limit is being sought as an absolute monetary limit of Rs. 30.0 bn and is not intended to operate as an open-ended or unlimited rolling limit. We do not support the resolution.
    • Angel One Mutual FundGovernance & Transparency Concern: Inadequate disclosures with regards to the particulars of the proposed loans/ investments/ guarantees/ securities to be undertaken by the Company i.e. Blanket approval without adequate disclosures.
    • Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual FundCompliant with law. Governance & Transparency Concern: Inadequate disclosures w.r.t. the particulars of the proposed loans/ investments/ guarantees/ securities to be undertaken by the Company i.e. Blanket approval without adequate disclosures.
    • Kotak Mahindra Mutual FundIn September 2025, shareholders approved a borrowing limit of Rs. 10.0 bn, over and above the limits available under Section 186. The company now seeks approval for an enhanced limit of Rs. 30.0 bn, over and above the limits available under Section 186. Such approvals should be sought for a limited time frame, along with adequate contextual disclosures that provide comfort to investors regarding the proposed limits and their intended utilisation. In the lack of details and blanket approvals, we do not favour the resolution.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Motilal Oswal Mutual FundBlanket approval sought without adequate disclosures.
    • Nippon India Mutual FundGovernance and Transparency Concern: Inadequate disclosures w.r.t. the particulars of the proposed loans/ investments/ guarantees/ securities to be undertaken by the Company i.e. Blanket approval without adequate disclosures.
    • UTI Mutual FundIn September 2025, shareholders approved a borrowing limit of Rs. 10.0 bn, over and above the limits available under Section 186. The company now seeks approval for an enhanced limit of Rs. 30.0 bn, over and above the limits available under Section 186. The company should have disclosed the current level of utilization in the shareholder notice and provided detailed rationale for the proposed increase in the borrowing limit. We do not support the resolution.
    1 for15 against
6 earlier meetings

Mutual fund votes, meeting of 17 Sep 2025, 7 fund houses

  • To consider and adopt: A) Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025 and the Reports of the Board of Directors and Auditors thereon. B) Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025 and the Reports of the Auditors thereon.MoreLess
    7 for0 against
  • To appoint a director in place of Mr. Ajay Rajendra Kejriwal (DIN: 03051841) who retires by rotation and being eligible to offers himself for re-appointment.
    7 for0 against
  • To approve Material Related Party Transactions to be entered into with the Subsidiary Companies
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Capitalmind Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Basis for Arm’s Length pricing not disclosed for transactions proposed; Transparency Concern: Omnibus approval sought without specifying term / tenure / duration for which proposed approval will remain valid; No clarity whether prior shareholders’approval is being sought or not.
    • Bandhan Mutual Fund, Capitalmind Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-compliant with SEBI Circular: Notice does not include information as required to be disclosed as per SEBI Circular; Governance Concern: Basis for Arm’s Length pricing not disclosed for transactions proposed; Transparency Concern: Omnibus approval sought without specifying term / tenure / duration for which proposed approval will remain valid; No clarity whether prior shareholders’ approval is being sought or not.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    1 for6 against
  • Approval for Material Related Party Transactions of the Company/ Subsidiaries of the Company with the Directors or the Promoters of the Company/ Subsidiaries of the Company
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Capitalmind Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance & Transparency Concern: Consideration payable and Basis for Arm’s Length pricing not disclosed for transactions proposed.
    • Bandhan Mutual Fund, Capitalmind Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance & Transparency Concern: Consideration payable and Basis for Arm’s Length pricing not disclosed for transactions proposed.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    1 for6 against
  • Approval for borrowing limits of the Company under Section 180(1)(c) of the Companies Act, 2013
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Capitalmind Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundTransparency Concern: Non-Disclosure of Existing Borrowing Limit amount; it cannot be ascertained if the Company has utilized majority of its Borrowing Limit. Further, there is no clarity on whether the Company has already exceeded its existing borrowing limit.
    • Bandhan Mutual Fund, Capitalmind Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Transparency Concern: Non-Disclosure of Existing Borrowing Limit amount; it cannot be ascertained if the Company has utilized majority of its Borrowing Limit. Further, there is no clarity on whether the Company has already exceeded its existing borrowing limit.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    1 for6 against
  • Creation of Charges on the movable and immovable properties of the Company, both present and future, in respect of borrowings under Section 180(1)(a) of the Companies Act, 2013
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Capitalmind Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundTransparency Concern: Non-Disclosure of Existing Borrowing Limit amount; it cannot be ascertained if the Company has utilized majority of its Borrowing Limit. Further, there is no clarity on whether the Company has already exceeded its existing borrowing limit.
    • Bandhan Mutual Fund, Capitalmind Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Transparency Concern: Non-Disclosure of Existing Borrowing Limit amount; it cannot be ascertained if the Company has utilized majority of its Borrowing Limit. Further, there is no clarity on whether the Company has already exceeded its existing borrowing limit.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    1 for6 against
  • Approval to Board of Directors to give Loans, provide Guarantee or Security or make investment in excess of limit specified under section 186
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Capitalmind Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance & Transparency Concern: Inadequate disclosures with regards to the particulars of the proposed loans/investments/ guarantees/ securities to be undertaken by the Company i.e. Blanket approval without adequate disclosures.
    • Bandhan Mutual Fund, Capitalmind Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance & Transparency Concern: Inadequate disclosures w.r.t. the particulars of the proposed loans/ investments/ guarantees/ securities to be undertaken by the Company i.e. Blanket approval without adequate disclosures.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    1 for6 against
  • To approve granting loans, guarantees and security under Section 185 of the Companies Act, 2013
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Capitalmind Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundNon-disclosure of full particulars as required.
    • Bandhan Mutual Fund, Capitalmind Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-compliant with the Companies Act: Non-disclosure of full particulars as required under Section 185(2) of Companies Act, 2013.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    1 for6 against
  • To approve re-appointment of Mr. Subodh Kumar Agrawal (DIN: 00553916) as (Non-executive) Independent Director of the company for a second term of five years
    7 for0 against
  • To approve re-appointment of Mr. Sandeep Kumar Singh (DIN: 02814440) as (Non-executive) Independent Director of the company for a second term of five years
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Prolonged Association with the Group.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on merit & profile of appointee. Governance Concern: Prolonged Association with the Group.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    2 for5 against
  • To approve the appointment of M/S. R. M. Mimani & Associates LLP (Company Secretaries) as secretarial auditors of the company
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundProposed audit fee payable to Secretarial Auditors not disclosed in the Notice.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo issues on merit of the proposed Secretarial Auditors. Non-Compliant with Regulation 36(5) of SEBI LODR 2015: Proposed audit fee payable to Secretarial Auditors not disclosed in the Notice.
    3 for4 against

Mutual fund votes, meeting of 16 Jan 2025, 5 fund houses

  • 1. Regularisation of Appointment of Mr. Raj Kumar (DIN: 06627311) as Non - Executive Independent Director of the Company
    5 for0 against

Mutual fund votes, meeting of 21 Sep 2024, 3 fund houses

  • To consider and adopt:nA) Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2024 and the Reports of the Board of Directors and Auditors thereon.nB) Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2024 and the reports of the Auditors thereon.nMoreLess
    3 for0 against
  • To appoint a director in place of Mrs. Vinita Sunil Patodia (DIN: 06360364) who retires by rotation and being eligible offers herself for re-appointment
    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: Chairperson of the Board related to Joint Managing Director.
    0 for3 against
  • To consider re-appointment of Mr. Kamal Poddar (DIN: 01518700) as the Managing Director of the Company
    3 for0 against
  • To consider re-appointment of Mr. Suyash Sunil Patodia (DIN: 09489670) as the Joint Managing Director of the Company.
    3 for0 against
  • To consider re-appointment of Mr. Arun Kumar Poddar (DIN: 02819581) as an Executive Director and Chief Executive Officer of the Company
    3 for0 against

Mutual fund votes, meeting of 16 May 2024, 2 fund houses

  • 1 - To increase the Authorised Share Capital of the Company and amendment in the Capital Clause of the Memorandum of Association of the Company.
    2 for0 against
  • 2 - Preferential Allotment of 2,31,21,000 (Two Crores Thirty One Lakh Twenty One Thousand) Warrants to be converted to Equivalent Number of Equity Shares to the persons belonging to Promoter Group and Non-Promoter Category.MoreLess
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual FundCompliant with Law. Governance Concern: No urgent needs of fund, price of warrants almost at par with equity shares, significant Dilution, no explanation for not going in for rights issue.
    • Motilal Oswal Mutual Fund"No urgent needs of fund, price of warrants almost at par with equity shares, significant Dilution, no explanation for not going in for rights issue."
    0 for2 against

Mutual fund votes, meeting of 12 Feb 2024, 2 fund houses

  • To increase the Authorised Share Capital of the Company and amendment in the Capital Clause of the Memorandum of Association of the Company.
    2 for0 against
  • To Consider and Approve the Issue of Bonus Shares.
    2 for0 against

Mutual fund votes, meeting of 26 Aug 2023, 1 fund house

  • 1 - To consider and adopt: nnA) Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2023 and the Reports of the Board of Directors and Auditors thereon. nnnnB) Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2023 and the reports of the Auditors thereon.nnMoreLess
    1 for0 against
  • 2 - To appoint a Director in place of Mr. Arun Kumar Poddar (DIN: 02819581) who retires by rotation and, being eligible, offers himself for re-appointment.
    1 for0 against
  • 3 - Approval to Board of Directors to give Loans, provide Guarantee or Security or make investment in excess of limit specified under Section 186 of the Companies Act, 2013
    1 for0 against
  • 4 - To approve granting loans, guarantees and security under Section 185 of the Companies Act, 2013
    1 for0 against
  • 5 - To approve Material Related Party Transactions to be entered into with the Subsidiary Companies
    1 for0 against
  • 6 - Approval for Material Related Party Transactions of the Company/Subsidiaries of the Company with the Directors or the Promoters of the Company/Subsidiaries of the Company.
    1 for0 against

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

Stakes in unlisted companies

Reported in the filing for the quarter to Jun 2026.

  • Unlisted stake boughtChoice Unified Services Private LimitedSince 1 Apr 2026

    100.00% bought in the quarter; holding 100.00%, from 0.00%

  • Unlisted stake boughtEllora Solutions Private LimitedSince 25 May 2026

    100.00% bought in the quarter; holding 100.00%, from 0.00%

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 1 complaint open, quarter to Jun 2026.
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
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.