Delta Corp MD, chairman, board of directors and AGM
NSE: DELTACORPBSE: 532848Leisure ServicesSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹76.25.
- Under NSE's short-term additional surveillance, stage I, on the list for 23 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹1,955 Cr1,222nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 19 Oct 2026
- 1.0
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.68%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 19 Oct 2026
- −13.7%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹449 crore of one-off items, the largest of them in the quarter to Jun 2026.
- 7.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 19 Oct 2026
- 3.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026. The filing of 19 Oct 2026
- 0.02
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 45,54,47821.2% delivered
Delta Corp 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
- ChairpersonJaydev Mukund ModyRelated to the promoter
- Company Secretary and Compliance OfficerDilip Vaidya
6 directors3 independent1 executive2 non-executive
- Jaydev Mukund Mody · ChairpersonNon-executive · joined Mar 2007 · 2 listed boards · 2 committee seats, 2 as chair
- Ashish Kiran KapadiaExecutive · joined Oct 2008 · 3 listed boards · 2 as independent · 4 committee seats
- Chetan DesaiIndependent · joined Mar 2017 · reappointed Aug 2025 · 70 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 5 as chair
- Tara SubramaniamIndependent · joined Jul 2024 · reappointed Jul 2024 · 24 months as independent · 6 listed boards · 6 as independent · 10 committee seats, 3 as chair
- Pankaj Jawaharlal RazdanIndependent · joined Jul 2024 · reappointed Jul 2024 · 24 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 1 as chair
- Vrajesh Prabhakar UdaniNon-executive · joined Mar 2025 · 1 listed board · 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.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 22 Apr 20266 of 6 present3 independent · 42 days in between
- 10 Mar 20266 of 6 present3 independent · 53 days in between
- 15 Jan 20266 of 6 present3 independent
Audit Committee
Chair Chetan Desai
Vrajesh Prabhakar Udani, Tara Subramaniam, Pankaj Jawaharlal Razdan
- 22 Apr 20264 of 4 present3 independent · 42 days in between
- 10 Mar 20263 of 4 present3 independent · 53 days in between
- 15 Jan 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Tara Subramaniam
Jaydev Mukund Mody, Pankaj Jawaharlal Razdan
- 21 Apr 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Jaydev Mukund Mody
Ashish Kiran Kapadia, Pankaj Jawaharlal Razdan
- 7 May 20263 of 3 present1 independent · 65 days in between
- 2 Mar 20263 of 3 present1 independent
Risk Management Committee
Chair Ashish Kiran Kapadia
Tara Subramaniam, Pankaj Jawaharlal Razdan
- 27 Feb 20263 of 3 present2 independent
Corporate Social Responsibility Committee
Chair Jaydev Mukund Mody
Ashish Kiran Kapadia, Tara Subramaniam
- 21 Apr 20263 of 3 present1 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- M/s. Walker Chandiok & Co. LLPPeer-review certificate valid to May 2028
1 earlier auditor
- Walker Chandiok & Co LLPNamed in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Delta Corp 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.Delta Corp dividend history
Annual general meeting, 10 Sep 2026
3,41,465 shareholders on the register on 3 Sep 2026; present: 9 promoters and 74 others; votes counted by Ashish Kumar Jain / A. K. Jain & Co..The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended 31st March, 2026 together with the reports of the board of directors and the auditors thereon.MoreLess
Ordinary99.95% for0.05% againstAgainst: promoters 0.00% · institutions 0.00% · other public 3.57%
Turnout: all 35.99% · promoters 100.00% · institutions 76.64% · other public 0.85%
- To declare dividend on equity shares for the financial year ended 31st March, 2026.Ordinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 3.23%
Turnout: all 36.01% · promoters 100.00% · institutions 78.36% · other public 0.85%
- To appoint a director in place of Mr. Jaydev Mody (DIN: 00234797), who retires by rotation and being eligible offers himself for re-appointment.Ordinary99.94% for0.06% against
Against: promoters 0.00% · institutions 0.00% · other public 3.79%
Turnout: all 36.01% · promoters 100.00% · institutions 78.36% · other public 0.85%
- Appointment of M/s. M S K C & Associates LLP as the Statutory Auditors of the Company.Ordinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 3.25%
Turnout: all 36.01% · promoters 100.00% · institutions 78.36% · other public 0.85%
- Approval for payment of commission to Non-Executive Directors.Special99.93% for0.07% against
Against: promoters 0.00% · institutions 0.00% · other public 4.44%
Turnout: all 36.01% · promoters 100.00% · institutions 78.36% · other public 0.85%
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.
Meeting called by the tribunal, 13 Aug 2026, 1 resolution
3,44,639 shareholders on the register on 6 Aug 2026; present: 8 promoters and 65 others; votes counted by Smt. Bindu Shah / M/s K Bindu & Associates.The company's voting result (opens in a new tab)
1 Approval of the proposed Composite Scheme of Arrangement amongst Delta Corp Limited ('Company' or 'Demerged Company' or 'Transferee Company' or 'DCL') and Deltin Hotel & Resorts Private Limited ('DHRPL') and Delta Penland Limited ('DPL') and Deltin Cruises and Entertainment Private Limited ('Transferor Company' or 'DCEPL') and their respective shareholders and creditors ('Scheme') pursuant to the provisions of Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 ('Act').MoreLess
Special99.97% for0.03% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.54%
Turnout: all 37.36% · promoters 100.00% · institutions 79.59% · other public 2.71%
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, 9 Apr 2026, 2 resolutions
3,45,927 shareholders on the register on 2 Apr 2026; present: 9 promoters and 65 others; votes counted by Ashish Jain / A K Jain & Co.The company's voting result (opens in a new tab)
- TO APPROVE MODIFICATION TO RELATED PARTY TRANSACTION BETWEEN DELTA PLEASURE CRUISE COMPANY PRIVATE LIMITED AND WATERWAYS SHIPYARD PRIVATE LIMITED.OrdinaryPromoters have an interest in it99.90% for0.10% against
Against: promoters 0.00% · institutions 0.01% · other public 0.12%
Turnout: all 6.95% · promoters 0.00% · institutions 75.75% · other public 8.76%
- TO APPROVE RELATED PARTY TRANSACTION OF PROVIDING CORPORATE GUARANTEE BY DELTA PLEASURE CRUISE COMPANY PRIVATE LIMITED FOR LOAN PROPOSED TO BE AVAILED BY WATERWAYS SHIPYARD PRIVATE LIMITED.OrdinaryPromoters have an interest in it99.89% for0.11% against
Against: promoters 0.00% · institutions 0.00% · other public 0.13%
Turnout: all 6.95% · promoters 0.00% · institutions 75.75% · other public 8.76%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 11 Sep 2025, 5 resolutions
3,61,158 shareholders on the register on 4 Sep 2025; present: 9 promoters and 88 others; votes counted by Jinesh Damji Dedhia / M/s Jinesh Dedhia & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended 31st March, 2025 together with the reports of the board of directors and the auditors thereon.MoreLess
Ordinary99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.71%
Turnout: all 38.13% · promoters 100.00% · institutions 66.52% · other public 1.12%
- To declare dividend on equity shares for the financial year ended 31st March, 2025.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.52%
Turnout: all 38.15% · promoters 100.00% · institutions 66.91% · other public 1.12%
- To appoint a director in place of Mr. Ashish Kapadia (DIN: 02011632), who retires by rotation and being eligible offers himself for re-appointment.Ordinary92.82% for7.18% against
Against: promoters 0.00% · institutions 71.75% · other public 1.25%
Turnout: all 38.15% · promoters 100.00% · institutions 66.91% · other public 1.12%
- Appointment of Secretarial AuditorOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.33%
Turnout: all 38.15% · promoters 100.00% · institutions 66.91% · other public 1.12%
- To consider and approve amendment in ‘Delta Employees Stock Appreciation Rights Plan 2019’ (“ESARP-2019”)Special92.89% for7.11% against
Against: promoters 0.00% · institutions 71.06% · other public 1.20%
Turnout: all 38.15% · promoters 100.00% · institutions 66.91% · other public 1.12%
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, 29 May 2025, 1 resolution
3,77,546 shareholders on the register on 25 Apr 2025; votes counted by Ashish Jain / A. K. Jain & Co..The company's voting result (opens in a new tab)
- Re-appointment of Mr. Chetan Desai (DIN: 03595319) as an Independent Director of the CompanySpecial80.52% for19.48% against
Against: promoters 0.00% · institutions 98.03% · other public 5.05%
Turnout: all 42.40% · promoters 100.00% · institutions 91.35% · other public 0.58%
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, 21 Mar 2025, 2 resolutions
3,82,178 shareholders on the register on 14 Mar 2025; present: 9 promoters and 53 others; votes counted by Ashish Jain / A K Jain & Co.The company's voting result (opens in a new tab)
- TO CONSIDER AND APPROVE DISPOSAL OF DELTATECH GAMING LIMITED, A MATERIAL AND WHOLLY OWNED SUBSIDIARY OF THE COMPANY.Special99.53% for0.47% against
Against: promoters 0.00% · institutions 2.27% · other public 2.09%
Turnout: all 42.33% · promoters 100.00% · institutions 93.50% · other public 0.36%
- TO APPOINT DR. VRAJESH UDANI (DIN: 00021311) AS NON-EXECUTIVE NONINDEPENDENT DIRECTOR OF THE COMPANY.Ordinary99.49% for0.51% against
Against: promoters 0.00% · institutions 2.51% · other public 2.15%
Turnout: all 42.33% · promoters 100.00% · institutions 93.50% · other public 0.36%
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, 23 Aug 2024, 7 resolutions
Present: 9 promoters and 74 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended 31st March, 2024 together with the reports of the board of directors and the Auditors thereon.MoreLess
Ordinary100.00% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.57%
Turnout: all 43.38% · promoters 100.00% · institutions 95.51% · other public 0.67%
- To declare dividend on equity shares for the financial year ended 31st March, 2024.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.75%
Turnout: all 43.40% · promoters 100.00% · institutions 95.72% · other public 0.67%
- To appoint a director in place of Mr. Ashish Kapadia (DIN: 02011632), who retires by rotation and being eligible offers himself for re-appointment.Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 2.59%
Turnout: all 43.40% · promoters 100.00% · institutions 95.72% · other public 0.67%
- Approval for continuation of Mr. Jaydev Mody (DIN: 00234797), as Non-Executive Non-Independent Director and Chairman of the Company.Ordinary99.92% for0.08% against
Against: promoters 0.00% · institutions 0.24% · other public 2.40%
Turnout: all 43.40% · promoters 100.00% · institutions 95.72% · other public 0.67%
- Appointment of Mrs. Tara Subramaniam (DIN: 07654007) as an Independent Director of the Company.Special99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 2.19%
Turnout: all 43.40% · promoters 100.00% · institutions 95.72% · other public 0.67%
- Appointment of Mr. Pankaj Razdan (DIN: 00061240) as an Independent Director of the Company.Special99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 1.79%
Turnout: all 43.40% · promoters 100.00% · institutions 95.72% · other public 0.67%
- Shifting of Registered office of the Company from the Jurisdiction of Registrar of Companies, Pune to the Jurisdiction of Registrar of Companies, Mumbai.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.37%
Turnout: all 43.40% · promoters 100.00% · institutions 95.72% · other public 0.67%
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, 4 Aug 2023, 5 resolutions
Present: 9 promoters and 85 others.The company's voting result (opens in a new tab)
Adoption of Audited Financial Statements (including the Consolidated Financial Statements) for the financial year ended 31st March, 2023 together with the Reports of the Board of Directors and the Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.10%
Turnout: all 48.60% · promoters 100.00% · institutions 81.90% · other public 1.18%
- Declaration of dividend @ 125% on Equity Share Capital (i.e ₹ 1.25 per Equity Share of ₹ 1/- each) for the financial year ended 31st March, 2023.Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 1.85%
Turnout: all 48.62% · promoters 100.00% · institutions 82.02% · other public 1.18%
- To appoint a director in place of Mr. Ashish Kapadia (DIN: 02011632), who retires by rotation and being eligible offers himself for re-appointment.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.56%
Turnout: all 48.62% · promoters 100.00% · institutions 82.02% · other public 1.18%
- To approve remuneration payable to Mr. Ashish Kapadia (DIN: 02011632), Managing Director of the Company for the period 01st April, 2023 till 26th April, 2024.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.99%
Turnout: all 48.62% · promoters 100.00% · institutions 82.02% · other public 1.18%
- To re-appoint Mr. Ashish Kapadia (DIN: 02011632) as Managing Director of the Company and to fix remuneration.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.93%
Turnout: all 48.62% · promoters 100.00% · institutions 82.02% · other public 1.18%
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.
Mutual fund votes, meeting of 9 Apr 2026, 2 fund houses
- TO APPROVE MODIFICATION TO RELATED PARTY TRANSACTION BETWEEN DELTA PLEASURE CRUISE COMPANY PRIVATE LIMITED AND WATERWAYS SHIPYARD PRIVATE LIMITED.
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundCompliant with law. Governance concern: Inadequate disclosure on the basis of arms’ length, hence the fairness of the proposed transaction cannot be ascertained. Transparency concern: The Company has not provided adequate justification for the increase in the previously approved limit.
1 for1 against - TO APPROVE RELATED PARTY TRANSACTION OF PROVIDING CORPORATE GUARANTEE BY DELTA PLEASURE CRUISE COMPANY PRIVATE LIMITED FOR LOAN PROPOSED TO BE AVAILED BY WATERWAYS SHIPYARD PRIVATE LIMITED.2 for0 against
Mutual fund votes, meeting of 11 Sep 2025, 2 fund houses
To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended 31st March, 2025 together with the reports of the board of directors and the auditors thereon.MoreLess
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundUnqualified financial statements. Governance Concern: Contingent liabilities on account of GST demand and matter in subjudice are significantly high. Materialization of the same may have significant impact on the financials of the Company.
1 for1 against- To declare dividend on equity shares for the financial year ended 31st March, 2025.
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundCompliant with law. Governance concern: High contingent liabilities on standalone financial statements. Interlinked with resolution #1.
1 for1 against - To appoint a director in place of Mr. Ashish Kapadia (DIN: 02011632), who retires by rotation and being eligible offers himself for re-appointment.
Against HDFC Mutual Fund
- HDFC Mutual FundMr. Ashish Kapadia, 55, Managing Director, has been on the board since October 2008. Given the capital allocation concerns by the management, we do not support his reappointment.
1 for1 against - Appointment of Secretarial Auditor
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundNo concern on merit of proposed secretarial auditors. Non-Compliant with Regulation 36(5) of SEBI (LODR), 2015: Proposed audit fee payable to Secretarial Auditors not disclosed by the Company in the Notice.
1 for1 against - To consider and approve amendment in ‘Delta Employees Stock Appreciation Rights Plan 2019’ (“ESARP-2019”)
Against HDFC Mutual Fund, Motilal Oswal Mutual Fund
- HDFC Mutual FundThe company proposes to make amendment in Delta Employees Stock Appreciation Rights Plan 2019 (ESARP-2019) to increase the pool size which is highly concentrated towards one individual. Given the capital allocation concerns, we do not support the resolution.
- Motilal Oswal Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations, 2021: NRC discretion to determine Exercise Period. Governance Concern: Power to the NRC to accelerate the vesting period. Rationale for increasing per-employee ESAR limit not justified adequately.
0 for2 against
4 earlier meetings
Mutual fund votes, meeting of 29 May 2025, 1 fund house
- Re-appointment of Mr. Chetan Desai (DIN: 03595319) as an Independent Director of the Company
Against HDFC Mutual Fund
- HDFC Mutual FundMr. Chetan Desai, 74, is the former Managing Partner of Haribhakti & Co. LLP and was heading the audit and assurance practice of the firm. During the appointment, his tenure will exceed more than 10 years. We do not support the appointment.
0 for1 against
Mutual fund votes, meeting of 21 Mar 2025, 6 fund houses
- TO CONSIDER AND APPROVE DISPOSAL OF DELTATECH GAMING LIMITED, A MATERIAL AND WHOLLY OWNED SUBSIDIARY OF THE COMPANY.
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance & transparency concern. Basis behind arriving at the proposed consideration value not disclosed and the rationale behind sale not adequately disclosed.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance and Transparency Concern: Basis behind arriving at the proposed consideration value not disclosed and the rationale behind sale not adequately disclosed
2 for4 against - TO APPOINT DR. VRAJESH UDANI (DIN: 00021311) AS NON-EXECUTIVE NONINDEPENDENT DIRECTOR OF THE COMPANY.
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance Concern. No cooling off period served after completion of term as Independent Director; Lack of clarity over attendance details for FY 2024-25.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundAppointment compliant with law. Governance Concern: No cooling off period served after completion of term as ID. Appointment as NED will raise question over his independence in his previous term as Independent Director. Transparency Concern: Lack of clarity over attendance details for FY 2024-25.
2 for4 against
Mutual fund votes, meeting of 23 Aug 2024, 4 fund houses
To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended 31st March, 2024 together with the reports of the board of directors and the Auditors thereon.MoreLess
4 for0 against- To declare dividend on equity shares for the financial year ended 31st March, 2024.4 for0 against
- To appoint a director in place of Mr. Ashish Kapadia (DIN: 02011632), who retires by rotation and being eligible offers himself for re-appointment.4 for0 against
- Approval for continuation of Mr. Jaydev Mody (DIN: 00234797), as Non-Executive Non-Independent Director and Chairman of the Company.4 for0 against
- Appointment of Mrs. Tara Subramaniam (DIN: 07654007) as an Independent Director of the Company.4 for0 against
- Appointment of Mr. Pankaj Razdan (DIN: 00061240) as an Independent Director of the Company.4 for0 against
- Shifting of Registered office of the Company from the Jurisdiction of Registrar of Companies, Pune to the Jurisdiction of Registrar of Companies, Mumbai.4 for0 against
Mutual fund votes, meeting of 4 Aug 2023, 7 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
Adoption of Audited Financial Statements (including the Consolidated Financial Statements) for the financial year ended 31st March, 2023 together with the Reports of the Board of Directors and the Auditors thereonMoreLess
6 for0 against- Declaration of dividend @ 125% on Equity Share Capital (i.e ₹ 1.25 per Equity Share of ₹ 1/- each) for the financial year ended 31st March, 2023.6 for0 against
- To appoint a director in place of Mr. Ashish Kapadia (DIN: 02011632), who retires by rotation and being eligible offers himself for re-appointment.6 for0 against
- To approve remuneration payable to Mr. Ashish Kapadia (DIN: 02011632), Managing Director of the Company for the period 01st April, 2023 till 26th April, 2024.6 for0 against
- To re-appoint Mr. Ashish Kapadia (DIN: 02011632) as Managing Director of the Company and to fix remuneration.6 for0 against
1 proposal not matched to one resolution
1. To receive, consider and adopt the Audited Financial Statement (including the Consolidated Financial Statement) for the financial year ended 31st March, 2023 together with the Reports of the Board of Directors and the Auditors thereon. 2. To declare dividend on Equity Shares for the financial year ended 31st March, 2023. 3. To appoint a director in place of Mr. Ashish Kapadia (DIN: 02011632), who retires by rotation and being eligible offers himself for re-appointment. 4. To approve remuneration payable to Mr. Ashish Kapadia (DIN: 02011632), Managing Director of the Company for the period 01st April, 2023 till 26th April, 2024. 5. To re-appoint Mr. Ashish Kapadia (DIN: 02011632) as Managing Director of the Company and to fix remuneration.MoreLess
1 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Tax disputes and stakes in unlisted companies
Reported in the filing for the quarter to Jun 2026.
- Unlisted stake boughtEasymile Parking Solutions & Management Private LimitedSince 30 Apr 2026
74.00% bought in the quarter; holding 74.00%, from 0.00%
- Unlisted stake boughtShanta Infratech Private LimitedSince 30 Apr 2026
74.00% bought in the quarter; holding 74.00%, from 0.00%
- Tax disputeDIRECTORATE GENERAL OF GOODS AND SERVICES TAX INTELLIGENCE (HQS) & ORS.Since 18 Oct 2023
The Hon’ble Supreme Court has pronounced its order in the matters relating to the show cause notices issued to the Company and its subsidiaries for short payment of goods and services tax. Based on the order of Hon’ble Supreme Court, we understand that the basis of computation of revenue for the determination of GST that the Company had adopted since October 2023, will be applicable retrospectively for the period between July 2017 to September 2023 as well. This would be a favourable outcome for us as the levy of GST would accordingly not be on the amount of gross bet value of all games played during the relevant period (which had the effect of notionally multiplying the revenue and consequently the GST payable on it), but would be on the amount received from players for the chips sold to them.MoreLess
At the filing before: On January 16, 2025 the Company had given a disclosure to Stock Exchanges in continuation of previous disclosures made regarding the ongoing dispute(s) in relation to the intimations for payment of shortfall tax under the CGST Act, 2017 and the subsequent show cause notices received by the Company and its subsidiaries. The Hon’ble Supreme Court, on January 16, 2025, passed an order staying further proceedings pertaining to the show cause notices until the final disposal of the petitions pending before it.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
- 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.