D-Link (India) logo

D-Link (India) CEO, MD, chairman, board of directors and AGM

NSE: DLINKINDIABSE: 533146IT - HardwareSmall Cap

Last close ₹393.05down ₹6.50 (1.63%)BSE ₹391.80

Share price at the NSE close on 23 Oct 2026. Previous close ₹399.55.

52-week range of traded prices to 23 Oct 2026
₹367.65Low, 23 Jan 2026₹549.20High, 9 Jul 2026
Market cap
₹1,396 Cr1,274th largest listed
P/E
13.0
P/B
2.8
Dividend yield
8.52%
ROE
21.9%
ROCE
25.7%
Debt to equity
0.00
Volume, NSE
87,08249.8% delivered

D-Link (India) board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonHung Yi Kao
  • Managing director and CEOTushar Sighat
  • Company Secretary and Compliance OfficerShrinivas Adikesar

8 directors4 independent1 executive3 non-executive

  • Hung Yi Kao · ChairpersonNon-executive · joined Aug 2018 · reappointed Aug 2024 · 1 listed board · 1 committee seat
  • Tushar Sighat · Managing director and CEOExecutive · joined Sep 2014 · reappointed Aug 2025 · 1 listed board · 1 committee seat
  • Mangesh Pandurang KinareIndependent · joined Mar 2024 · reappointed Mar 2024 · 29 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Amit Anil PanditIndependent · joined Mar 2024 · reappointed Mar 2024 · 29 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 2 as chair
  • Chia jui ChangNon-executive · joined Aug 2024 · reappointed Aug 2026 · 1 listed board
  • Yen Wen ChenIndependent · joined Apr 2025 · reappointed Apr 2025 · 17 months as independent · 1 listed board · 1 as independent
  • Chin Ho KuoNon-executive · joined Apr 2025 · reappointed Apr 2025 · 1 listed board
  • Vaishali Prasad KoparkarIndependent · joined Aug 2026 · reappointed Aug 2026 · 1 month as independent · 1 listed board · 1 as independent · 2 committee seats

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

3 directors who left
  • Madhu Vishal Gadodia, left 26 Aug 2026: Tenure Completion
  • Ching Chun Yang, left 5 Feb 2026: Others
  • Mukesh Tirthdas Lulla, left 5 Nov 2025: Others

Committees and meetings

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

  • Board

    • 24 Aug 20267 of 8 present4 independent · 22 days in between
    • 1 Aug 20266 of 8 present4 independent · 83 days in between
    • 9 May 20268 of 8 present4 independent

  • Audit Committee

    Chair Mangesh Pandurang Kinare

    Amit Anil Pandit, Hung Yi Kao, Yen Wen Chen, Vaishali Prasad Koparkar

    • 1 Aug 20265 of 5 present4 independent · 83 days in between
    • 9 May 20265 of 5 present4 independent

  • Nomination and remuneration committee

    Chair Amit Anil Pandit

    Mangesh Pandurang Kinare, Hung Yi Kao, Yen Wen Chen, Vaishali Prasad Koparkar

    • 10 Aug 20264 of 5 present3 independent · 92 days in between
    • 9 May 20265 of 5 present4 independent

  • Stakeholders Relationship Committee

    Chair Amit Anil Pandit

    Mangesh Pandurang Kinare, Tushar Sighat, Vaishali Prasad Koparkar

    • 9 May 20264 of 4 present3 independent

  • Risk Management Committee

    Chair Tushar Sighat

    Mangesh Pandurang Kinare, Hung Yi Kao, Yen Wen Chen

    • 1 Aug 20264 of 4 present2 independent

  • Corporate Social Responsibility Committee

    Chair Tushar Sighat

    Mangesh Pandurang Kinare, Amit Anil Pandit, Vaishali Prasad Koparkar

    • 9 May 20264 of 4 present3 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.

  • BSR Co. LLPPeer-review certificate valid to Jul 2028
1 earlier auditor
  • BSR & 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.

D-Link (India) 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.D-Link (India) dividend history

Annual general meeting, 10 Aug 2026

76,711 shareholders on the register on 4 Aug 2026; present: 1 promoter and 51 others; votes counted by SHIVARAM BHAT / SHIVARAM BHAT.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone and Consolidated Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with 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 0.01%

    Turnout: all 58.37% · promoters 100.00% · institutions 75.15% · other public 13.31%

  2. To declare a dividend of Rs.20/- per equity share and a special dividend of Rs.7.50/- per equity share (aggregating to Rs.27.50/-per equity share) on 3,55,04,850 equity shares (face value of Rs.2/- each) for the financial year ended March 31, 2026.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 58.37% · promoters 100.00% · institutions 75.15% · other public 13.31%

  3. To re-appoint a director in place of Mr. Chia-Jui Chang (DIN: 10673312) who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 6.75% · other public 0.01%

    Turnout: all 58.37% · promoters 100.00% · institutions 75.15% · other public 13.31%

  4. To re-appoint of Mr. Tushar Sighat (DIN: 06984518) as Managing Director & CEO.
    Special
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 6.06% · other public 0.01%

    Turnout: all 58.32% · promoters 100.00% · institutions 75.15% · other public 13.22%

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, 8 Aug 2025, 5 resolutions

75,699 shareholders on the register on 1 Aug 2025; present: 1 promoter and 74 others; votes counted by Ms. Shubhangi Baichwal / Ms. Shubhangi Baichwal.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 March 31, 2025, together with 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 0.00%

    Turnout: all 59.72% · promoters 100.00% · institutions 84.98% · other public 16.48%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 59.72% · promoters 100.00% · institutions 84.98% · other public 16.48%

  3. To declare a dividend of ₹15/- per equity share (face value of ₹2/- each) for the financial year ended March 31, 2025.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 59.72% · promoters 100.00% · institutions 84.98% · other public 16.48%

  4. To re-appoint a director in place of Mr. Tushar Sighat (DIN:06984518), who retires by rotation and being eligible, seeks for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.20% · other public 0.00%

    Turnout: all 59.72% · promoters 100.00% · institutions 84.98% · other public 16.48%

  5. Appointment of Secretarial Auditor
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 59.72% · promoters 100.00% · institutions 84.98% · other public 16.48%

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

Postal ballot, 14 Jun 2025, 2 resolutions

74,578 shareholders on the register on 9 May 2025; votes counted by Mr. Shivaram Bhat / Mr. Shivaram Bhat.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Chin Ho Kuo (DIN: 11004341) as a Non-Executive Director
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 1.37% · other public 0.14%

    Turnout: all 58.19% · promoters 100.00% · institutions 49.09% · other public 14.02%

  2. Appointment of Mr. Yen Wen Chen (DIN: 11001627) as an Independent Director
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 58.19% · promoters 100.00% · institutions 49.09% · other public 14.02%

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, 7 Aug 2024, 7 resolutions

Present: 1 promoter and 70 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 March 31, 2024, together with 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 0.00%

    Turnout: all 57.78% · promoters 100.00% · institutions 16.09% · other public 13.76%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company and its subsidiaries for the financial year ended March 31, 2024, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 57.78% · promoters 100.00% · institutions 16.09% · other public 13.76%

  3. To declare a dividend of ¿ 8/- per equity share and a special dividend of ¿ 5/- per equity share totalling to ¿ 13/- per equity share for the financial year ended March 31, 2024.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 57.78% · promoters 100.00% · institutions 16.09% · other public 13.76%

  4. To re-appoint a director in place of Mr. Hung-Yi Kao (DIN: 08190631), who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 31.19% · other public 0.00%

    Turnout: all 57.78% · promoters 100.00% · institutions 16.09% · other public 13.76%

  5. Appointment of Mr. Chia-Jui Chang (DIN 10673312) as a non-executive director.
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

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

    Turnout: all 57.78% · promoters 100.00% · institutions 16.09% · other public 13.76%

  6. Appointment of Ms. Ching-Chun Yang (DIN 10671757) as an Independent Director.
    Special
    99.98% for0.02% against

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

    Turnout: all 57.78% · promoters 100.00% · institutions 16.09% · other public 13.76%

  7. Modification in overall limits of Remuneration to Managing Director & CEO
    Special
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.01%

    Turnout: all 57.78% · promoters 100.00% · institutions 16.09% · other public 13.76%

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.

Postal ballot, 2 Jun 2024, 2 resolutions

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

  1. Appointment of Mr. Mangesh Kinare (DIN: 08514820) as an Independent Director
    Special
    99.99% for0.01% against

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

    Turnout: all 59.33% · promoters 100.00% · institutions 13.94% · other public 16.98%

  2. Appointment of Mr. Amit Pandit (DIN: 02437092) as an Independent Director
    Special
    100.00% for0.00% against

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

    Turnout: all 59.33% · promoters 100.00% · institutions 13.94% · other public 16.98%

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

Annual general meeting, 9 Sep 2023, 7 resolutions

Present: 1 promoter and 80 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 March 31, 2023, together with 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 0.01%

    Turnout: all 59.41% · promoters 100.00% · institutions 15.09% · other public 17.13%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company and its subsidiaries for the financial year ended March 31, 2023, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 59.41% · promoters 100.00% · institutions 15.09% · other public 17.13%

  3. To declare a dividend of ₹ 5/- per equity share and a special dividend of ₹ 5/- per equity share totalling to ₹ 10/- per equity share) for the financial year ended March 31, 2023.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 59.41% · promoters 100.00% · institutions 15.09% · other public 17.13%

  4. To re-appoint a director in place of Mr. Mukesh Lulla (DIN: 00524435), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.01%

    Turnout: all 59.41% · promoters 100.00% · institutions 15.09% · other public 17.13%

  5. Re-appointment of Statutory Auditors for the second term of 5 years.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 59.41% · promoters 100.00% · institutions 15.09% · other public 17.13%

  6. Re-appointment of Mr. Tushar Sighat as Managing Director & CEO
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.01%

    Turnout: all 59.41% · promoters 100.00% · institutions 15.09% · other public 17.13%

  7. Approval of Material Related Party Transactions with D-Link Corporation
    OrdinaryPromoters have an interest in it
    99.96% for0.04% against

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

    Turnout: all 1.01% · promoters 0.00% · institutions 15.09% · other public 1.98%

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

Annual general meeting, 13 Aug 2022, 5 resolutions
  1. Approval of Material Related Party Transactions with D-Link Corporation
    OrdinaryPromoters have an interest in it
    99.41% for0.59% against
  2. Appointment of Mr. Tushar Sighat (DIN 06984518) as Director, liable to retire by rotation
    Ordinary
    100.00% for0.00% against
  3. To declare a dividend of Rs. 3 per equity share (i.e. 150) of the face value of Rs. 2 each of the Company for the financial year ended March 31, 2022.
    Ordinary
    100.00% for0.00% against
  4. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company and its subsidiaries for the financial year ended March 31, 2022, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against
  5. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2022, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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, 3 Sep 2021, 5 resolutions

Present: 1 promoter and 76 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Standalone Financial Statements for the financial year ended March 31, 2021, together with the Reports of the Directors’ and Auditor’s thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 58.51% · promoters 100.00% · institutions 0.00% · other public 15.34%

  2. To consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2021, together with the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 58.51% · promoters 100.00% · institutions 0.00% · other public 15.34%

  3. To declare dividend on equity shares for the Financial Year ended March 31, 2021
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 58.51% · promoters 100.00% · institutions 0.00% · other public 15.34%

  4. To re-appoint a Director in place of Mr. Hung Yi Kao (DIN:08190631), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 58.51% · promoters 100.00% · institutions 0.00% · other public 15.34%

  5. Re-appointment of Ms. Madhu Vishal Gadodia (DIN07583394) as an Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 58.51% · promoters 100.00% · institutions 0.00% · other public 15.34%

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.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeThe Commissioner of Customs, MumbaiSince 11 Dec 2020
    Hearing Awaited
    At the filing before: The Directorate of Revenue Intelligence (DRI)- Customs, investigated the classification of imported products by the company. This resulted in a show cause notice (SCN) dated June 13, 2019, for misclassification of patch panels, demanding Rs.940.25 Lakhs in differential duty (excluding interest and penalties). The company received a favorable adjudication order on May 26, 2020, setting aside the duty demand. However, the Customs department appealed this decision to CESTAT on December 11, 2020.MoreLess
  • Tax disputeThe Commissioner of Customs, MumbaiSince 31 Mar 2023
    Hearing Awaited
    At the filing before: The Directorate of Revenue Intelligence (DRI)- Customs, investigated the classification of imported products by the company. The Company had previously filed an adjudication application against the Show Cause Notice with The Principal Commissioner of Customs (Adjudication) Mumbai. (Customs) Subsequently, the Company has filed an appeal with the CESTAT against the adjudication order passed by the Customs. The amount involved is Rs.226.06 Lakhs.MoreLess
  • Tax disputeThe Commissioner of Customs, (Adjudication), MumbaiSince 19 Jan 2026
    Appeal has been filed before CEASTAT on April 7, 2026. The Hearing date is awaited.
    At the filing before: The Company has received a demand order from the Office of the Commissioner of Customs on January 19, 2026, contending that royalty payments made to parent company, D-Link Corporation, Taiwan, should have been included in the assessable value of goods imported from third-party vendors. The total diffrential duty demand amount is Rs.611.49 Lakhs (inclusive of differential duty, fines, and penalties, but excluding interest). Against this demand, the Company had previously made voluntary ad-hoc payments of Rs.100.00 Lakhs during the investigation which have been appropriated in the order.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

None open at any 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
No
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.