Deepak Fertilizers and Petrochemicals Corporation logo

Deepak Fertilizers and Petrochemicals Corporation MD, chairman, board of directors and AGM

NSE: DEEPAKFERTBSE: 500645Chemicals & PetrochemicalsSmall Cap

Last close ₹1,136.50down ₹42.30 (3.59%)BSE ₹1,137.05

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,178.80.

52-week range of traded prices to 23 Oct 2026
₹866.40Low, 23 Mar 2026₹1,681.00High, 4 Aug 2026
Market cap
₹14,347 Cr421st largest listed
P/E
14.6
P/B
2.1
Dividend yield
0.88%
ROE
15.0%
ROCE
12.3%
Debt to equity
0.74
Volume, NSE
2,66,47944.0% delivered

Deepak Fertilizers and Petrochemicals Corporation 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 directorSAILESH CHIMANLAL MEHTARelated to the promoter
  • Company Secretary and Compliance OfficerRabindra Purohit

10 directors7 independent1 executive2 non-executive

  • SAILESH CHIMANLAL MEHTA · Chairperson and managing directorExecutive · joined Sep 1991 · reappointed Apr 2023 · 1 listed board
  • PARUL SAILESH MEHTANon-executive · joined Oct 2005 · reappointed Aug 2021 · 1 listed board · 1 committee seat
  • MADHUMILAN PARSHURAM SHINDENon-executive · joined Feb 2017 · reappointed Sep 2022 · 1 listed board · 5 committee seats
  • BHUWAN CHANDRA TRIPATHIIndependent · joined Feb 2020 · reappointed Feb 2023 · 76 months as independent · 1 listed board · 1 as independent · 4 committee seats, 3 as chair
  • SUJAL ANIL SHAHIndependent · joined Jun 2020 · reappointed Jun 2025 · 72 months as independent · 5 listed boards · 5 as independent · 7 committee seats, 4 as chair
  • JAYESH HIRJI SHAHIndependent · joined Dec 2021 · reappointed Dec 2024 · 54 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • SANJAY GUPTAIndependent · joined Feb 2023 · reappointed Feb 2026 · 41 months as independent · 1 listed board · 1 as independent
  • SITARAM JANARDAN KUNTEIndependent · joined Feb 2023 · reappointed Feb 2026 · 41 months as independent · 2 listed boards · 2 as independent · 6 committee seats, 1 as chair
  • TERJE BAKKENIndependent · joined Feb 2023 · reappointed Feb 2026 · 40 months as independent · 1 listed board · 1 as independent
  • PURVI MEHTA BHATTIndependent · joined Jan 2026 · 6 months as independent · 2 listed boards · 2 as independent

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
  • VARSHA VASANT PURANDARE, left 30 Jan 2026: Tenure Completion

Committees and meetings

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

  • Board

    • 28 May 20269 of 10 present6 independent · 62 days in between
    • 26 Mar 202610 of 10 present7 independent · 55 days in between
    • 29 Jan 20269 of 11 present6 independent

  • Audit Committee

    Chair SUJAL ANIL SHAH

    MADHUMILAN PARSHURAM SHINDE, BHUWAN CHANDRA TRIPATHI, SITARAM JANARDAN KUNTE

    • 27 May 20264 of 4 present3 independent · 15 days in between
    • 11 May 20264 of 4 present3 independent · 45 days in between
    • 26 Mar 20264 of 4 present3 independent · 56 days in between
    • 28 Jan 20263 of 4 present2 independent

  • Nomination and remuneration committee

    Chair BHUWAN CHANDRA TRIPATHI

    SUJAL ANIL SHAH, SITARAM JANARDAN KUNTE

    • 19 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair JAYESH HIRJI SHAH

    MADHUMILAN PARSHURAM SHINDE, PARUL SAILESH MEHTA

    • 26 Mar 20263 of 3 present1 independent

  • Risk Management Committee

    Chair MADHUMILAN PARSHURAM SHINDE

    BHUWAN CHANDRA TRIPATHI, SUBHASH CHAND ANAND

    • 4 Jun 20263 of 3 present1 independent · 70 days in between

  • Corporate Social Responsibility Committee

    Chair SITARAM JANARDAN KUNTE

    PARUL SAILESH MEHTA, MADHUMILAN PARSHURAM SHINDE

    • 25 Mar 20263 of 3 present1 independent · 63 days in between
    • 20 Jan 20263 of 3 present1 independent

  • Project & Funding Committee

    Chair BHUWAN CHANDRA TRIPATHI

    SANJAY GUPTA, JAYESH HIRJI SHAH

    No meeting listed in the filing.

  • Manufacturing Operations Review Committee

    Chair BHUWAN CHANDRA TRIPATHI

    MADHUMILAN PARSHURAM SHINDE, SANJAY GUPTA

    • 20 Jan 20263 of 3 present2 independent

  • Securities Issue Committee

    Chair JAYESH HIRJI SHAH

    SUJAL ANIL SHAH, SUBHASH CHAND ANAND

    No meeting listed in the filing.

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.

  • P G Bhagwat LLPPeer-review certificate valid to May 2027

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.

Deepak Fertilizers and Petrochemicals Corporation 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.Deepak Fertilizers and Petrochemicals Corporation dividend history

Annual general meeting, 1 Sep 2026

1,80,094 shareholders on the register on 25 Aug 2026; present: 9 promoters and 55 others; votes counted by Mr. Ashish Garg / GDR & Partners LLP.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statements and audited consolidated financial statements of the Company for the financial year ended 31st March, 2026 and the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 68.08% · promoters 99.99% · institutions 91.01% · other public 0.21%

  2. To declare dividend on equity shares for the financial year ended 31st March, 2026.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 68.12% · promoters 99.99% · institutions 91.15% · other public 0.21%

  3. To appoint a Director in place of Mr. Madhumilan Parshuram Shinde (DIN: 06533004), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
    Ordinary
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.71% · other public 0.04%

    Turnout: all 68.12% · promoters 99.99% · institutions 91.15% · other public 0.21%

  4. To re-appoint P G BHAGWAT LLP, Chartered Accountants (FRN: 101118W/ W100682), as the Statutory Auditors of the Company for a second term of 5 years.
    Ordinary
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.36% · other public 0.04%

    Turnout: all 68.12% · promoters 99.99% · institutions 91.15% · other public 0.21%

  5. Ratification and confirmation for payment of remuneration to M/s Harshad S. Deshpande & Associates, Cost Accountants (Registration No. 00378).
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 68.12% · promoters 99.99% · institutions 91.15% · other public 0.21%

  6. Appointment of Mr. Yeshil Sailesh Mehta (DIN: 07866312) as a Non-Executive Non-Independent Director of the Company.
    Ordinary
    99.65% for0.35% against

    Against: promoters 0.00% · institutions 1.05% · other public 0.55%

    Turnout: all 68.12% · promoters 99.99% · institutions 91.15% · other public 0.21%

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.

Postal ballot, 29 Jan 2026, 4 resolutions

2,04,378 shareholders on the register on 26 Dec 2025; votes counted by MR. ASHISH GARG / GDR & PARTNERS LLP.The company's voting result (opens in a new tab)

  1. Appointment of Dr. Purvi Mehta Bhatt (DIN: 01596457) as an Independent Woman Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.62%

    Turnout: all 64.65% · promoters 99.99% · institutions 79.92% · other public 0.19%

  2. Re-appointment of Mr. Sanjay Gupta (DIN: 05281731) as an Independent Director of the Company
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.08% · other public 2.70%

    Turnout: all 64.65% · promoters 99.99% · institutions 79.92% · other public 0.19%

  3. Re-appointment of Mr. Sitaram Kunte (DIN: 02670899) as an Independent Director of the Company
    Special
    99.29% for0.71% against

    Against: promoters 0.00% · institutions 2.43% · other public 2.63%

    Turnout: all 64.65% · promoters 99.99% · institutions 79.92% · other public 0.19%

  4. Re-appointment of Mr. Terje Bakken (DIN: 10044096) as an Independent Director of the Company
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.08% · other public 2.48%

    Turnout: all 64.65% · promoters 99.99% · institutions 79.92% · other public 0.19%

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 Sep 2025, 5 resolutions

2,18,762 shareholders on the register on 2 Sep 2025; present: 5 promoters and 47 others; votes counted by Mr. Ashish Garg / CS ASHISH GARG.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statements and audited consolidated financial statements of the Company for the financial year ended 31st March, 2025 and the Reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 64.70% · promoters 100.00% · institutions 79.87% · other public 0.29%

  2. To declare dividend on equity shares for the financial year ended 31st March, 2025
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 64.81% · promoters 100.00% · institutions 80.34% · other public 0.29%

  3. To appoint a Director in place of Mrs. Parul Sailesh Mehta (DIN: 00196410), who retires by rotation at this Annual General Meeting and being eligible, offers herself for re-appointment
    Ordinary
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.78% · other public 0.53%

    Turnout: all 64.80% · promoters 100.00% · institutions 80.30% · other public 0.29%

  4. Ratification and confirmation for payment of remuneration to M/s Harshad S. Deshpande & Associates, Cost Accountants (Registration No. 00378)
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.35%

    Turnout: all 64.80% · promoters 100.00% · institutions 80.30% · other public 0.29%

  5. To appoint GDR & Partners LLP, Company Secretaries, as Secretarial Auditors of the Company for a period of 5 (five) consecutive financial years i.e. from FY2025-26 up to FY2029-30, to conduct the Secretarial Audit of the CompanyMoreLess
    Ordinary
    99.12% for0.88% against

    Against: promoters 0.00% · institutions 3.00% · other public 0.51%

    Turnout: all 64.81% · promoters 100.00% · institutions 80.33% · other public 0.29%

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

Postal ballot, 27 Jun 2025, 1 resolution

1,94,301 shareholders on the register on 23 May 2025; votes counted by Mr. Ashish Garg / CS ASHISH GARG.The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Sujal Anil Shah (DIN: 00058019) as an Independent Director of the Company
    Special
    98.71% for1.29% against

    Against: promoters 0.00% · institutions 4.77% · other public 1.59%

    Turnout: all 62.69% · promoters 100.00% · institutions 73.98% · other public 0.43%

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.

Postal ballot, 24 Jan 2025, 1 resolution

2,00,404 shareholders on the register on 20 Dec 2024; votes counted by Mr. Ashish Garg / CS ASHISH GARG.The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Jayesh Hirji Shah (DIN: 05011160) as an Independent Director of the Company
    Special
    91.08% for8.92% against

    Against: promoters 0.00% · institutions 38.57% · other public 0.58%

    Turnout: all 58.74% · promoters 98.47% · institutions 68.10% · other public 0.65%

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 Sep 2024, 4 resolutions

Present: 7 promoters and 46 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statements and audited consolidated financial statements of the Company for the financial year ended 31st March, 2024 and the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 59.38% · promoters 100.00% · institutions 71.56% · other public 0.12%

  2. To declare dividend on equity shares for the financial year ended 31st March, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 59.43% · promoters 100.00% · institutions 71.81% · other public 0.12%

  3. To appoint a Director in place of Mr. Madhumilan Parshuram Shinde (DIN: 06533004), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
    Ordinary
    99.26% for0.74% against

    Against: promoters 0.00% · institutions 3.17% · other public 3.04%

    Turnout: all 59.43% · promoters 100.00% · institutions 71.81% · other public 0.12%

  4. To ratify and confirm the remuneration payable to M/s Harshad S. Deshpande & Associates, Cost Accountants as Cost Auditors of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.82%

    Turnout: all 59.43% · promoters 100.00% · institutions 71.81% · other public 0.12%

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, 23 Mar 2024, 1 resolution

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

  1. Re-appointment of Smt. Varsha Purandare (DIN: 05288076) as an Independent Woman Director of the Company
    Special
    99.61% for0.39% against

    Against: promoters 0.00% · institutions 2.43% · other public 7.25%

    Turnout: all 53.81% · promoters 100.00% · institutions 53.30% · other public 0.31%

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, 1 Sep 2023, 5 resolutions

Present: 7 promoters and 48 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited financial statements and audited consolidated financial statements of the Company for the financial year ended 31st March, 2023 and the Reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    97.22% for2.78% against

    Against: promoters 0.00% · institutions 4.41% · other public 60.15%

    Turnout: all 54.60% · promoters 100.00% · institutions 50.71% · other public 4.90%

  2. To declare dividend on equity shares for the financial year ended 31st March, 2023
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 54.66% · promoters 100.00% · institutions 51.11% · other public 4.90%

  3. To appoint a Director in place of Smt. Parul Mehta (DIN: 00196410), who retires by rotation at this Annual General Meeting and being eligible, offers herself for re-appointment
    Ordinary
    97.22% for2.78% against

    Against: promoters 0.00% · institutions 4.38% · other public 60.17%

    Turnout: all 54.57% · promoters 99.79% · institutions 51.11% · other public 4.90%

  4. Ratification and confirmation for payment of remuneration to M/s Harshad S. Deshpande & Associates, Cost Accountants (Registration No. 00378)
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 54.66% · promoters 100.00% · institutions 51.11% · other public 4.90%

  5. Payment of Commission to Non-executive Directors of the Company
    Ordinary
    97.21% for2.79% against

    Against: promoters 0.00% · institutions 4.38% · other public 60.53%

    Turnout: all 54.66% · promoters 100.00% · institutions 51.11% · other public 4.89%

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.

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 1 Sep 2026, 8 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt the audited standalone financial statements and audited consolidated financial statements of the Company for the financial year ended 31st March, 2026 and the Reports of the Board of Directors and Auditors thereon.MoreLess
    8 for0 against
  • To declare dividend on equity shares for the financial year ended 31st March, 2026.
    8 for0 against
  • To appoint a Director in place of Mr. Madhumilan Parshuram Shinde (DIN: 06533004), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
    8 for0 against
  • To re-appoint P G BHAGWAT LLP, Chartered Accountants (FRN: 101118W/ W100682), as the Statutory Auditors of the Company for a second term of 5 years.
    8 for0 against
  • Ratification and confirmation for payment of remuneration to M/s Harshad S. Deshpande & Associates, Cost Accountants (Registration No. 00378).
    8 for0 against
  • Appointment of Mr. Yeshil Sailesh Mehta (DIN: 07866312) as a Non-Executive Non-Independent Director of the Company.
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance concern: Holds two full-time positions.
    • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: Holds two full-time positions.
    5 for3 against

Mutual fund votes, meeting of 29 Jan 2026, 21 fund houses

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

  • Appointment of Dr. Purvi Mehta Bhatt (DIN: 01596457) as an Independent Woman Director of the Company
    20 for0 against

    1 abstained

  • Re-appointment of Mr. Sanjay Gupta (DIN: 05281731) as an Independent Director of the Company
    20 for0 against
  • Re-appointment of Mr. Sitaram Kunte (DIN: 02670899) as an Independent Director of the Company
    20 for0 against

    1 abstained

  • Re-appointment of Mr. Terje Bakken (DIN: 10044096) as an Independent Director of the Company
    20 for0 against

    1 abstained

1 proposal not matched to one resolution
  • Item 2, as a fund house numbered it
    0 for0 against

    1 abstained

6 earlier meetings

Mutual fund votes, meeting of 9 Sep 2025, 20 fund houses

  • To receive, consider and adopt the audited standalone financial statements and audited consolidated financial statements of the Company for the financial year ended 31st March, 2025 and the Reports of the Board of Directors and Auditors thereonMoreLess
    20 for0 against
  • To declare dividend on equity shares for the financial year ended 31st March, 2025
    20 for0 against
  • To appoint a Director in place of Mrs. Parul Sailesh Mehta (DIN: 00196410), who retires by rotation at this Annual General Meeting and being eligible, offers herself for re-appointment
    20 for0 against
  • Ratification and confirmation for payment of remuneration to M/s Harshad S. Deshpande & Associates, Cost Accountants (Registration No. 00378)
    20 for0 against
  • To appoint GDR & Partners LLP, Company Secretaries, as Secretarial Auditors of the Company for a period of 5 (five) consecutive financial years i.e. from FY2025-26 up to FY2029-30, to conduct the Secretarial Audit of the CompanyMoreLess
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual Fund, Nippon India Mutual FundTransparency Concern: Remuneration of outgoing auditor not disclosed, thus, material change, if any, with proposed audit fee cannot be ascertained.
    • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of proposed Auditors. Transparency Concern: Remuneration of outgoing auditor not disclosed, thus, material change, if any, with proposed audit fee cannot be ascertained.
    14 for6 against

Mutual fund votes, meeting of 27 Jun 2025, 17 fund houses

  • Re-appointment of Mr. Sujal Anil Shah (DIN: 00058019) as an Independent Director of the Company
    17 for0 against

Mutual fund votes, meeting of 24 Jan 2025, 11 fund houses

  • Re-appointment of Mr. Jayesh Hirji Shah (DIN: 05011160) as an Independent Director of the Company
    Against Axis Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Axis Mutual FundJayesh Hirji Shah, 56, is co-founder of Juris Corp, a law firm for structured finance and restructuring. He practices law in the areas of corporate law, dispute resolution, M&A, private equity and insolvency & restructuring. He has expertise in banking and financial services. He has been on the board of Deepak Fertilisers & Petrochemicals Corporation Limited as Independent Director since 20 December 2021. He attended 86% (six out of seven) of board meetings held in FY24. While he is well-qualified, we note that as per related party disclosures, the company has been paying legal expenses to Juris Corp since FY22 (Rs. 0.3 mn in FY22, Rs. 0.3 mn in FY23 and Rs. 0.2 mn in FY24). Given the business relationship and potential conflict of interest, we do not support his reappointment as Independent Director. Further, shareholder approval for his reappointment should have been sought on or before the completion of his first term as Independent Director.
    • Bandhan Mutual Fund, Groww Mutual FundNo concern on Profile of the Director. Re-appointment not in accordance with the Companies Act, 2013: Prior approval of shareholders not obtained for appointment of second term as ID. Governance Concern: Non-material pecuniary relationship with the Company.
    • Mirae Asset Mutual FundAs per advisory recommendation (passive holding)
    • Motilal Oswal Mutual Fundnot in accordance with companies act
    • Nippon India Mutual FundPrior approval of shareholders not obtained.
    5 for6 against

Mutual fund votes, meeting of 10 Sep 2024, 12 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 and audited consolidated financial statements of the Company for the financial year ended 31st March, 2024 and the Reports of the Board of Directors and Auditors thereon.MoreLess
    10 for0 against
  • To declare dividend on equity shares for the financial year ended 31st March, 2024
    10 for0 against
  • To appoint a Director in place of Mr. Madhumilan Parshuram Shinde (DIN: 06533004), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
    12 for0 against
  • To ratify and confirm the remuneration payable to M/s Harshad S. Deshpande & Associates, Cost Accountants as Cost Auditors of the Company.
    10 for0 against
3 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 23 Mar 2024, 8 fund houses

  • Re-appointment of Smt. Varsha Purandare (DIN: 05288076) as an Independent Woman Director of the Company
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on the merit of proposed appointee. Non-Compliance: Re-appointment is not accordance with law, no prior shareholder’s approval obtained for re-appointment as an ID.
    • Nippon India Mutual FundShareholder's approval not obtained on time for appointment of director
    4 for4 against

Mutual fund votes, meeting of 1 Sep 2023, 6 fund houses

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

  • To declare dividend on equity shares for the financial year ended 31st March, 2023
    1 for0 against
  • To appoint a Director in place of Smt. Parul Mehta (DIN: 00196410), who retires by rotation at this Annual General Meeting and being eligible, offers herself for re-appointment
    6 for0 against
  • Ratification and confirmation for payment of remuneration to M/s Harshad S. Deshpande & Associates, Cost Accountants (Registration No. 00378)
    6 for0 against
  • Payment of Commission to Non-executive Directors of the Company
    1 for0 against
5 proposals not matched to one resolution
  • 1) a) Adoption of Audited Standalone Financial Statements for the year ended March 31, 2023 and the reports of the Directors and Auditors thereon. B) Adoption of Audited Consolidated Financial Statements for the year ended March 31, 2023 and Auditors report thereon.MoreLess
    1 for0 against
  • Paying commission not exceeding one percent per annum of the net profits of the Company, calculated in accordance with the provisions of Section 198 of the Act, to be paid and distributed amongst the directors of the Company or some or any of them (other than the Managing Director and Whole-time Directors, and such payments shall be made in respect of the profits of the Company for each year for a period of five years commencing from 1st April 2024.MoreLess
    3 for0 against
  • Paying commission not exceeding one percent per annum of the net profits of the Company, calculated in accordance with the provisions of Section 198 of the Act, to be paid and distributed amongst the directors of the Company or some or any of them (other than the Managing Director and Whole-time Directors, if any) in such amounts, subject to such ceilings and in such manner and in such respects, as may be decided by the Board of Directors of the Company (hereinafter referred to as the Board, which term shall deem to include any Committee(s) constituted/to be constituted by the Board to exercise its powers conferred by this resolution) and such payments shall be made in respect of the profits of the Company for each year for a period of five years commencing from 1st April 2024.MoreLess
    2 for0 against
  • To consider and adopt: (a) 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 Auditors thereon. (b) The Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2023 and the report of Auditors thereon.MoreLess
    5 for0 against
  • To declare a dividend at the rate of Rs.10/- per equity share of Rs.10/- each fully paid-up of the Company for the financial year ended 31st March, 2023.
    5 for0 against

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

Fines

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyCommercial Tax Officer, Hosur (South)-I Assessment Circle, Krishnagiri, TamilnaduSince 17 Jun 2026

    Order passed against the wholly owned material subsidiary of the Company, Mahadhan AgriTech Limited (MAL) under Section 73 of the CGST/TNGST Act, 2017 read with Section 20 of IGST Act, 2017 for the tax period 01/04/2022 to 31/03/2023, raising total demand of Rs. 11,37,205/- (i.e. Tax Rs. 6,43,049/- plus Interest of Rs. 4,29,850/- and penalty of Rs. 64,306/-)

    (i) Inadmissibility of Credit claimed stating non-reflection in GSTR2A. (ii) Inadmissibility of Customer credit notes stating issuance of credit notes beyond stipulated time span.
  • Fine or penaltyCommercial Tax Officer, Hosur (South)-I Assessment Circle, Krishnagiri, TamilnaduSince 18 Jun 2026

    Order passed against the wholly-owned material subsidiary of the Company, Mahadhan AgriTech Limited (MAL) under Section 73 of the CGST/TNGST Act, 2017 read with Section 20 of IGST Act, 2017 for the tax period 01/04/2023 to 31/03/2024, raising total demand of Rs. 2,53,090/- (i.e. Tax Rs. 1,43,138/- plus Interest of Rs. 69,952/- and penalty of Rs. 40,000/-)

    (i) Inadmissibility of Credit claimed stating ineligibility under section 17(5) of CGST Act 2017. (ii) Inadmissibility of Customer credit notes stating issuance of credit notes beyond stipulated time span.MoreLess

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 4 complaints open, quarter to Dec 2024.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.