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Cipla CEO, MD, chairman, board of directors and AGM

NSE: CIPLABSE: 500087Pharmaceuticals & BiotechnologyLarge Cap

Last close ₹1,338.00up ₹7.10 (0.53%)BSE ₹1,337.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,330.90.

52-week range of traded prices to 23 Oct 2026
₹1,165.70Low, 2 Apr 2026₹1,673.00High, 23 Oct 2025
Market cap
₹1,08,093 Cr99th largest listed
P/E
32.1
P/B
3.1
Dividend yield
0.97%
ROE
10.3%
ROCE
11.6%
Debt to equity
0.01
Volume, NSE
13,23,90058.1% delivered

Cipla 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

  • ChairpersonY K HamiedRelated to the promoter
  • Managing director and CEOAchin Gupta
  • Company Secretary and Compliance OfficerRajendra Chopra

10 directors5 independent1 executive4 non-executive

  • Y K Hamied · ChairpersonNon-executive · joined Jul 1972 · 1 listed board
  • Achin Gupta · Managing director and CEOExecutive · joined Apr 2026 · 1 listed board · 1 committee seat
  • Adil ZainulbhaiNon-executive · joined Sep 2024 · 2 listed boards · 3 committee seats, 1 as chair
  • Prathivadibhayankara Rajagopalan RameshIndependent · joined Jul 2021 · reappointed Jul 2021 · 60 months as independent · 6 listed boards · 6 as independent · 8 committee seats, 5 as chair
  • Mandar Purushottam VaidyaIndependent · joined Jul 2022 · reappointed Jul 2022 · 47 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Balram BhargavaIndependent · joined Apr 2024 · reappointed Apr 2024 · 27 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Sharmila ParanjpeIndependent · joined Sep 2024 · reappointed Sep 2024 · 22 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Abhijit Jagdish JoshiNon-executive · joined Sep 2024 · 2 listed boards · 1 as independent
  • Kamil HamiedNon-executive · joined Nov 2024 · 1 listed board
  • Maya HariIndependent · joined Nov 2024 · reappointed Nov 2024 · 20 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.

5 directors who left
  • Robert Stewart, left 14 May 2026: Tenure Completion
  • Umang Vohra, left 1 Apr 2026: Tenure Completion
  • Punita Lal, left 12 Nov 2024: Tenure Completion
  • M K Hamied, left 29 Oct 2024: Others
  • Samina Hamied, left 29 Oct 2024: Others

Committees and meetings

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

  • Board

    • 13 May 202610 of 11 present5 independent · 54 days in between
    • 19 Mar 202610 of 11 present6 independent · 44 days in between
    • 2 Feb 20269 of 11 present5 independent · 9 days in between
    • 23 Jan 202611 of 11 present6 independent · 14 days in between
    1 earlier meeting
    • 8 Jan 202610 of 11 present5 independent

  • Audit Committee

    Chair Prathivadibhayankara Rajagopalan Ramesh

    Balram Bhargava, Sharmila Paranjpe, Maya Hari

    • 12 May 20264 of 4 present4 independent · 3 days in between
    • 8 May 20264 of 4 present4 independent · 52 days in between
    • 16 Mar 20264 of 4 present4 independent · 40 days in between
    • 3 Feb 20264 of 4 present4 independent · 11 days in between
    2 earlier meetings
    • 22 Jan 20264 of 4 present4 independent · 2 days in between
    • 19 Jan 20264 of 4 present4 independent

  • Nomination and remuneration committee

    Chair Maya Hari

    Mandar Purushottam Vaidya, Adil Zainulbhai, Sharmila Paranjpe

    • 12 May 20265 of 6 present3 independent · 73 days in between
    • 27 Feb 20266 of 6 present4 independent · 23 days in between
    • 3 Feb 20265 of 6 present3 independent · 11 days in between
    • 22 Jan 20265 of 6 present3 independent

  • Stakeholders Relationship Committee

    Chair Mandar Purushottam Vaidya

    Adil Zainulbhai, Balram Bhargava

    • 11 May 20263 of 3 present2 independent · 109 days in between
    • 21 Jan 20263 of 3 present2 independent

  • Risk Management Committee

    Chair Mandar Purushottam Vaidya

    Abhijit Jagdish Joshi, Prathivadibhayankara Rajagopalan Ramesh, Kamil Hamied, Achin Gupta

    • 12 May 20265 of 6 present2 independent · 110 days in between
    • 21 Jan 20264 of 5 present2 independent

  • Corporate Social Responsibility Committee

    Chair Balram Bhargava

    Adil Zainulbhai, Sharmila Paranjpe, Achin Gupta

    • 11 May 20263 of 4 present2 independent · 109 days in between
    • 21 Jan 20264 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.

  • Walker Chandiok & Co LLPPeer-review certificate valid to May 2028

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.

Cipla 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.Cipla dividend history

Annual general meeting, 25 Jun 2026

5,96,432 shareholders on the register on 18 Jun 2026; present: 7 promoters and 85 others; votes counted by Anshu Agarwal / ANGC & Co. LLP.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended 31st March, 2026 and the reports of the Board of Directors and Statutory Auditor thereonMoreLess
    Ordinary
    99.72% for0.28% against

    Against: promoters 0.00% · institutions 0.45% · other public 0.02%

    Turnout: all 81.21% · promoters 100.00% · institutions 92.67% · other public 9.33%

  2. To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended 31st March, 2026 and the report of the Statutory Auditor thereon
    Ordinary
    99.72% for0.28% against

    Against: promoters 0.00% · institutions 0.45% · other public 0.01%

    Turnout: all 81.21% · promoters 100.00% · institutions 92.67% · other public 9.33%

  3. To declare dividend on equity shares
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 81.27% · promoters 100.00% · institutions 92.79% · other public 9.33%

  4. To re-appoint Mr Adil Zainulbhai as a director liable to retire by rotation
    Ordinary
    98.59% for1.41% against

    Against: promoters 0.00% · institutions 2.27% · other public 0.03%

    Turnout: all 81.27% · promoters 100.00% · institutions 92.78% · other public 9.33%

  5. To appoint the Statutory Auditors of the Company and fix their remuneration
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 81.27% · promoters 100.00% · institutions 92.78% · other public 9.33%

  6. To ratify the remuneration of the Cost Auditor for the financial year ending 31st March, 2027
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 81.27% · promoters 100.00% · institutions 92.78% · other public 9.33%

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, 25 Mar 2026, 4 resolutions

5,91,086 shareholders on the register on 20 Feb 2026; votes counted by Avinash Bagul / M/s BNP & Associates.The company's voting result (opens in a new tab)

  1. To appoint Mr Achin Gupta (DIN: 09491674) as Director of the Company
    Ordinary
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.15% · other public 0.02%

    Turnout: all 80.58% · promoters 100.00% · institutions 91.76% · other public 16.95%

  2. To appoint Mr Achin Gupta (DIN: 09491674) as Managing Director and Global Chief Executive Officer of the Company
    Ordinary
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 0.24% · other public 0.02%

    Turnout: all 80.58% · promoters 100.00% · institutions 91.76% · other public 16.95%

  3. To pay remuneration to Mr Achin Gupta (DIN: 09491674) as Managing Director and Global Chief Executive Officer of the Company
    Ordinary
    99.63% for0.37% against

    Against: promoters 0.00% · institutions 0.62% · other public 0.03%

    Turnout: all 80.58% · promoters 100.00% · institutions 91.76% · other public 16.95%

  4. To re-appoint Mr Prathivadibhayankara Rajagopalan Ramesh (DIN: 01915274) as Independent Director of the Company
    Special
    83.01% for16.99% against

    Against: promoters 0.00% · institutions 28.30% · other public 0.06%

    Turnout: all 80.58% · promoters 100.00% · institutions 91.76% · other public 16.95%

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, 16 Jul 2025, 6 resolutions

5,62,766 shareholders on the register on 9 Jul 2025; present: 3 promoters and 98 others; votes counted by Avinash Bagul / BNP and Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended 31st March, 2025 and the reports of the Board of Directors and Auditor thereon
    Ordinary
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.37% · other public 0.01%

    Turnout: all 79.16% · promoters 100.00% · institutions 89.48% · other public 8.29%

  2. To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended 31st March, 2025 and the report of the Auditor thereon
    Ordinary
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.37% · other public 0.01%

    Turnout: all 79.16% · promoters 100.00% · institutions 89.48% · other public 8.29%

  3. To declare dividend on equity shares
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.23% · promoters 100.00% · institutions 89.59% · other public 8.29%

  4. To re-appoint Mr Umang Vohra as director liable to retire by rotation
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.16% · other public 0.07%

    Turnout: all 79.22% · promoters 100.00% · institutions 89.59% · other public 8.29%

  5. To ratify remuneration of the Cost Auditor for the financial year ending 31st March, 2026
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.21% · promoters 100.00% · institutions 89.56% · other public 8.29%

  6. To appoint Secretarial Auditor of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.22% · promoters 100.00% · institutions 89.59% · other public 8.29%

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

Postal ballot, 13 Oct 2024, 5 resolutions

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

  1. To appoint Ms Sharmila Paranjpe as an Independent Director of the Company
    Special
    99.71% for0.29% against

    Against: promoters 0.00% · institutions 0.49% · other public 0.13%

    Turnout: all 79.00% · promoters 100.00% · institutions 88.62% · other public 8.36%

  2. To appoint Ms Maya Hari as an Independent Director of the Company
    Special
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 0.44% · other public 0.12%

    Turnout: all 79.00% · promoters 100.00% · institutions 88.62% · other public 8.36%

  3. To appoint Mr Adil Zainulbhai as a Non-Executive Director of the Company
    Ordinary
    94.95% for5.05% against

    Against: promoters 0.00% · institutions 8.53% · other public 0.11%

    Turnout: all 79.00% · promoters 100.00% · institutions 88.62% · other public 8.36%

  4. To appoint Mr Abhijit Joshi as a Non-Executive Director of the Company
    Ordinary
    99.70% for0.30% against

    Against: promoters 0.00% · institutions 0.51% · other public 0.08%

    Turnout: all 79.00% · promoters 100.00% · institutions 88.62% · other public 8.36%

  5. To appoint Mr Kamil Hamied as a Non-Executive Director of the Company
    Ordinary
    99.73% for0.27% against

    Against: promoters 0.00% · institutions 0.45% · other public 0.12%

    Turnout: all 79.00% · promoters 100.00% · institutions 88.62% · other public 8.36%

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.

Annual general meeting, 20 Aug 2024, 6 resolutions

Present: 6 promoters and 110 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended 31st March, 2024 and the reports of the Board of Directors and Auditor thereon
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 78.25% · promoters 100.00% · institutions 87.33% · other public 8.35%

  2. To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended 31st March, 2024 and the report of the Auditor thereon
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 78.25% · promoters 100.00% · institutions 87.33% · other public 8.35%

  3. To declare final dividend on equity shares
    Ordinary
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 0.26% · other public 0.01%

    Turnout: all 78.82% · promoters 100.00% · institutions 88.42% · other public 8.35%

  4. To approve to not to fill the vacancy caused by retirement of Mr S Radhakrishnan
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 78.80% · promoters 100.00% · institutions 88.37% · other public 8.35%

  5. To approve the continuation of Dr Y K Hamied as Non-Executive Director
    OrdinaryPromoters have an interest in it
    94.27% for5.73% against

    Against: promoters 0.00% · institutions 9.69% · other public 0.02%

    Turnout: all 78.81% · promoters 100.00% · institutions 88.40% · other public 8.35%

  6. To ratify remuneration of the cost auditor for the financial year ending 31st March, 2025
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 78.80% · promoters 100.00% · institutions 88.37% · other public 8.35%

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, 16 May 2024, 2 resolutions

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

  1. To appoint Dr Balram Bhargava as an Independent Director of the Company
    Special
    99.72% for0.28% against

    Against: promoters 0.00% · institutions 0.49% · other public 0.31%

    Turnout: all 79.29% · promoters 100.00% · institutions 89.48% · other public 7.06%

  2. To approve the payment ofone-time long-term incentive to Mr. Umang Vohra, Managing Director and Global Chief Executive Officer
    Ordinary
    76.37% for23.63% against

    Against: promoters 0.00% · institutions 41.89% · other public 0.61%

    Turnout: all 79.29% · promoters 100.00% · institutions 89.48% · other public 7.06%

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, 10 Aug 2023, 5 resolutions

Present: 7 promoters and 119 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended 31st March, 2023 and the reports of the Board of Directors and Auditor thereon
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.09% · other public 0.06%

    Turnout: all 78.55% · promoters 100.00% · institutions 87.88% · other public 8.43%

  2. To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended 31st March, 2023 and the report of the Auditor thereon
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.09% · other public 0.06%

    Turnout: all 78.55% · promoters 100.00% · institutions 87.88% · other public 8.43%

  3. To declare final dividend on equity shares
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 79.20% · promoters 100.00% · institutions 89.19% · other public 8.43%

  4. To re-appoint Mr Umang Vohra as director liable to retire by rotation
    Ordinary
    99.35% for0.65% against

    Against: promoters 0.00% · institutions 1.15% · other public 0.08%

    Turnout: all 79.19% · promoters 100.00% · institutions 89.18% · other public 8.42%

  5. To ratify remuneration of the cost auditor for the financial year ending 31st March, 2024
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.16% · promoters 100.00% · institutions 89.10% · other public 8.43%

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 2022, 7 resolutions

Present: 7 promoters and 106 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended 31st March, 2022 and the reports of the Board of Directors and Auditor thereon
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.08% · other public 0.05%

    Turnout: all 76.92% · promoters 95.80% · institutions 88.13% · other public 9.92%

  2. To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended 31st March, 2022 and the report of the Auditor thereon
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.08% · other public 0.05%

    Turnout: all 76.92% · promoters 95.80% · institutions 88.13% · other public 9.92%

  3. To declare final dividend on equity shares
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 77.76% · promoters 95.80% · institutions 89.84% · other public 9.92%

  4. To re-appoint Ms Samina Hamied as director liable to retire by rotation
    OrdinaryPromoters have an interest in it
    99.27% for0.73% against

    Against: promoters 0.00% · institutions 1.30% · other public 0.07%

    Turnout: all 77.75% · promoters 95.80% · institutions 89.82% · other public 9.92%

  5. To appoint Dr Mandar Purushottam Vaidya as independent director
    Special
    99.79% for0.21% against

    Against: promoters 0.00% · institutions 0.37% · other public 0.06%

    Turnout: all 77.72% · promoters 95.80% · institutions 89.75% · other public 9.92%

  6. Authorisation to grant share-based benefits from one or more subsidiary of the Company to Mr Umang Vohra, Managing Director and Global Chief Executive Officer
    Ordinary
    99.68% for0.32% against

    Against: promoters 0.00% · institutions 0.56% · other public 0.17%

    Turnout: all 77.75% · promoters 95.80% · institutions 89.82% · other public 9.92%

  7. To ratify remuneration of the cost auditor for the financial year ending 31st March, 2023
    Ordinary
    97.80% for2.20% against

    Against: promoters 0.00% · institutions 3.89% · other public 0.06%

    Turnout: all 77.75% · promoters 95.80% · institutions 89.81% · other public 9.92%

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 25 Jun 2026, 42 fund houses

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

  • To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended 31st March, 2026 and the reports of the Board of Directors and Statutory Auditor thereonMoreLess
    41 for0 against
  • To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended 31st March, 2026 and the report of the Statutory Auditor thereon
    41 for0 against
  • To declare dividend on equity shares
    41 for0 against
  • To re-appoint Mr Adil Zainulbhai as a director liable to retire by rotation
    42 for0 against
  • To appoint the Statutory Auditors of the Company and fix their remuneration
    41 for0 against
  • To ratify the remuneration of the Cost Auditor for the financial year ending 31st March, 2027
    41 for0 against
7 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 3, 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
  • Ratification of Remuneration of Rs. 12,50,000/- plus applicable taxes and reimbursement of out-of-pocket expenses payable to M/s Joshi Apte and Associates (Firm Registration No. 000240), as the Cost Auditor, to conduct audit and submit the cost audit report for the financial year ending 31st March, 2027.MoreLess
    1 for0 against
  • To approve appointment of M/s B S R and Co. LLP, Chartered Accountants (Firm Registration No. 101248W/W-1 00022), as the Statutory Auditor of the Company for the first term of five (5) consecutive years with effect from conclusion of 90th Annual General Meeting (AGM) until the conclusion of 95th AGM at such remuneration.MoreLess
    1 for0 against

Mutual fund votes, meeting of 25 Mar 2026, 38 fund houses

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

  • To appoint Mr Achin Gupta (DIN: 09491674) as Director of the Company
    36 for0 against
  • To appoint Mr Achin Gupta (DIN: 09491674) as Managing Director and Global Chief Executive Officer of the Company
    38 for0 against
  • To pay remuneration to Mr Achin Gupta (DIN: 09491674) as Managing Director and Global Chief Executive Officer of the Company
    38 for0 against
  • To re-appoint Mr Prathivadibhayankara Rajagopalan Ramesh (DIN: 01915274) as Independent Director of the Company
    Against Franklin Templeton Mutual Fund, HSBC Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST the proposal is warranted because Prathivadibhayankara Rajagopalan Ramesh serves on a total of more than six public company boards, which could potentially compromise his ability to commit sufficient time to his role in the company.
    • HSBC Mutual FundA vote AGAINST the proposal is warranted because:• Prathivadibhayankara Rajagopalan Ramesh serves on a total of more than six public company boards, which could potentially compromise his ability to commit sufficient time to his role in the company.
    35 for2 against
3 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • To appoint Mr. Achin Gupta (DIN: 09491674) as a Director of the Company, liable to retire by rotation, with effect from 1st April, 2026.
    1 for0 against
6 earlier meetings

Mutual fund votes, meeting of 16 Jul 2025, 36 fund houses

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

  • To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended 31st March, 2025 and the reports of the Board of Directors and Auditor thereon
    35 for0 against
  • To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended 31st March, 2025 and the report of the Auditor thereon
    35 for0 against
  • To declare dividend on equity shares
    35 for0 against
  • To re-appoint Mr Umang Vohra as director liable to retire by rotation
    36 for0 against
  • To ratify remuneration of the Cost Auditor for the financial year ending 31st March, 2026
    35 for0 against
  • To appoint Secretarial Auditor of the Company
    36 for0 against
4 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 3, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 13 Oct 2024, 34 fund houses

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

  • To appoint Ms Sharmila Paranjpe as an Independent Director of the Company
    33 for0 against
  • To appoint Ms Maya Hari as an Independent Director of the Company
    33 for0 against
  • To appoint Mr Adil Zainulbhai as a Non-Executive Director of the Company
    Against Bajaj Finserv Mutual Fund, Baroda BNP Paribas Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual Fund
    • Bajaj Finserv Mutual Fund, Baroda BNP Paribas Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual FundAppointment compliant with law. Governance Concern: No cooling off period of 1 year served after completion of term as ID. Appointment as NED will raise question over his independence in the previous term as ID.
    27 for6 against
  • To appoint Mr Abhijit Joshi as a Non-Executive Director of the Company
    33 for0 against
  • To appoint Mr Kamil Hamied as a Non-Executive Director of the Company
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern on the merit of proposed appointee. Non-Compliance: Continuation is not in accordance with law, Appointment of Director beyond 75 years of age sought through ordinary resolution.
    32 for1 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 3, 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

Mutual fund votes, meeting of 20 Aug 2024, 33 fund houses

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

  • To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended 31st March, 2024 and the reports of the Board of Directors and Auditor thereon
    32 for0 against
  • To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended 31st March, 2024 and the report of the Auditor thereon
    32 for0 against
  • To declare final dividend on equity shares
    32 for0 against
  • To approve to not to fill the vacancy caused by retirement of Mr S Radhakrishnan
    32 for0 against
  • To approve the continuation of Dr Y K Hamied as Non-Executive Director
    Against Bajaj Finserv Mutual Fund, Baroda BNP Paribas Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual Fund
    • Bajaj Finserv Mutual Fund, Baroda BNP Paribas Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, PGIM India Mutual FundNo concern on the merit of proposed appointee. Non-Compliance: Continuation is not in accordance with law, Appointment of Director beyond 75 years of age sought through ordinary resolution.
    • Zerodha Mutual FundNon-Compliance: Continuation is not in accordance with law, Appointment of Director beyond 75 years of age sought through ordinary resolution.
    23 for9 against
  • To ratify remuneration of the cost auditor for the financial year ending 31st March, 2025
    32 for0 against
6 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 3, 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

Mutual fund votes, meeting of 16 May 2024, 32 fund houses

  • To appoint Dr Balram Bhargava as an Independent Director of the Company
    32 for0 against
  • To approve the payment ofone-time long-term incentive to Mr. Umang Vohra, Managing Director and Global Chief Executive Officer
    Against Franklin Templeton Mutual Fund, HSBC Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns: • The rationale provided by the company is within the remit of an executive's core duties and responsibilities and thus, the payment of such incentives may be questioned. It is noted that the proposed one-time incentive is deemed to be sizeable, given that the company has not disclosed a compelling rationale for the same. • The proposal is a deviation from standard market practice where there is a general expectation that effective remuneration planning should make exceptional awards unnecessary. • The executive's overall pay quantum post inclusion of one-time incentive makes his remuneration aggressively positioned in comparison to industry peers.
    • HSBC Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns: The rationale provided by the company is within the remit of an executive's core duties and responsibilities and thus, the payment of such incentives may be questioned. It is noted that the proposed one-time incentive is deemed to be sizeable, given that the company has not disclosed a compelling rationale for the same. The proposal is a deviation from standard market practice where there is a general expectation that effective remuneration planning should make exceptional awards unnecessary. The executive's overall pay quantum post inclusion of one-time incentive makes his remuneration aggressively positioned in comparison to industry peers.
    30 for2 against

Mutual fund votes, meeting of 10 Aug 2023, 25 fund houses

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

  • To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended 31st March, 2023 and the reports of the Board of Directors and Auditor thereon
    24 for0 against
  • To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended 31st March, 2023 and the report of the Auditor thereon
    24 for0 against
  • To declare final dividend on equity shares
    24 for0 against
  • To re-appoint Mr Umang Vohra as director liable to retire by rotation
    25 for0 against
  • To ratify remuneration of the cost auditor for the financial year ending 31st March, 2024
    24 for0 against
4 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 3, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 26 Aug 2022, 29 fund houses

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

  • To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended 31st March, 2022 and the reports of the Board of Directors and Auditor thereon
    28 for0 against
  • To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended 31st March, 2022 and the report of the Auditor thereon
    28 for0 against
  • To declare final dividend on equity shares
    28 for0 against
  • To re-appoint Ms Samina Hamied as director liable to retire by rotation
    28 for0 against
  • To appoint Dr Mandar Purushottam Vaidya as independent director
    28 for0 against
  • Authorisation to grant share-based benefits from one or more subsidiary of the Company to Mr Umang Vohra, Managing Director and Global Chief Executive Officer
    28 for0 against
  • To ratify remuneration of the cost auditor for the financial year ending 31st March, 2023
    Against JM Financial Mutual Fund
    • JM Financial Mutual FundNo concern on merit of Auditors. Governance Concern: Cost Audit fee significantly lower than the minimum suggested fee by ICAI. Company has not disclosed portion of the turnover that is subject to Cost Audit.
    27 for1 against
7 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 3, 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
  • Item 7, as a fund house numbered it
    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 disputeIncome Tax DepartmentSince 1 Jun 2016
    The Company has received an order for AY 2023-24 (FY 2022-23) from the Office of the Joint Commissioner of Income Tax in respect of one of matter pertaining to Section 37(1). The Company has preferred an appeal before Hon’ble CIT(A) against the alleged order. Pursuant to the said order, the aggregate quantum of claim (Disputed tax value) for disallowances of expenses u/s 37(1) from AY 2010-11 to AY 2023-24 (excluding AY 2011-12) stands at INR 366 crores. Accordingly, all the matters related to disallowances of expenses u/s. 37(1) of the Income Tax Act from AY 2010-11 to AY 2023-24 (excluding AY 2011-12) continue to remain pending for disposal at Hon'ble Bombay High Court / ITAT Mumbai & CIT(A).MoreLess
    At the filing before: Disallowances of expenses u/s. 37(1) of the Income Tax Act from AY 2010-11 to AY 2022-23 (excluding AY 2011-12). Forums where matters are pending: Hon'ble High Court of Bombay, ITAT and CIT(A). Quantum of claim (Disputed tax value): INR 308 croresMoreLess

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 9 complaints open, quarter to Sep 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.