eClerx Services logo

eClerx Services CEO, MD, chairman, board of directors and AGM

NSE: ECLERXBSE: 532927Commercial Services & SuppliesSmall Cap

Last close ₹1,891.70down ₹38.60 (2.00%)BSE ₹1,892.20

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,930.30.

52-week range of traded prices to 23 Oct 2026
₹1,320.00Low, 30 Jun 2026₹2,497.50High, 3 Feb 2026
Market cap
₹17,792 Cr402nd largest listed
P/E
24.4
P/B
6.9
Dividend yield
0.05%
ROE
30.0%
ROCE
35.4%
Debt to equity
0.00
Volume, NSE
2,37,94263.0% delivered

eClerx Services 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

  • ChairpersonShailesh Kekre
  • Managing director and CEOKapil Jain
  • Company Secretary and Compliance OfficerPratik Bhanushali

9 directors6 independent2 executive1 non-executive

  • Priyadarshan MundhraExecutive · joined Mar 2000 · reappointed Apr 2025 · 1 listed board · 2 committee seats
  • Anjan MalikNon-executive · joined May 2000 · reappointed Sep 2024 · 1 listed board
  • Shailesh Kekre · ChairpersonIndependent · joined Mar 2017 · reappointed Mar 2022 · 115 months as independent · 3 listed boards · 3 as independent · 4 committee seats
  • Srinjay SenguptaIndependent · joined Jan 2021 · reappointed Jan 2026 · 68 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Naresh Chand GuptaIndependent · joined Aug 2022 · reappointed Aug 2022 · 50 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Naval Bir KumarIndependent · joined Aug 2022 · reappointed Aug 2022 · 50 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Bala C DeshpandeIndependent · joined May 2023 · reappointed May 2023 · 40 months as independent · 2 listed boards · 2 as independent · 5 committee seats
  • Kapil Jain · Managing director and CEOExecutive · joined May 2023 · reappointed May 2023 · 1 listed board · 1 committee seat
  • Amit MajmudarIndependent · joined Apr 2024 · reappointed Apr 2024 · 30 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair

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

    • 5 Aug 20269 of 9 present6 independent · 83 days in between
    • 13 May 20268 of 9 present5 independent

  • Audit Committee

    Chair Amit Majmudar

    Priyadarshan Mundhra, Naval Bir Kumar, Shailesh Kekre

    • 5 Aug 20264 of 4 present3 independent · 83 days in between
    • 13 May 20263 of 4 present2 independent

  • Nomination and remuneration committee

    Chair Naval Bir Kumar

    Shailesh Kekre, Srinjay Sengupta, Naresh Chand Gupta, Amit Majmudar

    • 5 Aug 20265 of 5 present5 independent · 83 days in between
    • 13 May 20264 of 5 present4 independent

  • Stakeholders Relationship Committee

    Chair Naresh Chand Gupta

    Priyadarshan Mundhra, Bala C Deshpande, Kapil Jain, Srinjay Sengupta

    • 5 Aug 20264 of 5 present3 independent · 83 days in between

  • Risk Management Committee

    Chair Anjan Malik

    Srinjay Sengupta, Naresh Chand Gupta, Srinivasan Nadadhur, Bala C Deshpande, Kapil Jain

    • 13 May 20265 of 5 present3 independent

  • Corporate Social Responsibility Committee

    Chair Priyadarshan Mundhra

    Kapil Jain, Naresh Chand Gupta, Naval Bir Kumar, Shailesh Kekre, Srinjay Sengupta

    • 5 Aug 20265 of 6 present4 independent · 83 days in between
    • 13 May 20265 of 6 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.

  • Price Waterhouse Chartered Accountants LLPPeer-review certificate valid to Nov 2026

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.

eClerx Services 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.eClerx Services dividend history

Annual general meeting, 8 Sep 2026

73,098 shareholders on the register on 1 Sep 2026; present: 2 promoters and 42 others; votes counted by Alifya Sapatwala / M/s Mehta and Mehta, Company Secretaries.The company's voting result (opens in a new tab)

  1. To receive, consider, approve and adopt: a. The Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon; b. The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 86.08% · promoters 99.78% · institutions 92.10% · other public 0.78%

  2. To declare dividend for the year ended March 31, 2026 amounting to Re. 1/- per share.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 86.09% · promoters 99.78% · institutions 92.12% · other public 0.78%

  3. To appoint a Director in place of Mr. Anjan Malik (DIN: 01698542), who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.47% · other public 0.22%

    Turnout: all 86.09% · promoters 99.78% · institutions 92.11% · other public 0.78%

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, 5 Mar 2026, 3 resolutions

69,796 shareholders on the register on 30 Jan 2026; votes counted by Savita Jyoti / Savita Jyoti Associates.The company's voting result (opens in a new tab)

  1. To re-appoint Mr. Srinjay Sengupta (DIN: 02692531) as Non-Executive Independent Director of the Company
    Special
    99.09% for0.91% against

    Against: promoters 0.00% · institutions 2.43% · other public 0.08%

    Turnout: all 87.44% · promoters 99.78% · institutions 90.82% · other public 3.53%

  2. Amendment of the Employee Stock Scheme/Plan 2022
    Special
    99.25% for0.75% against

    Against: promoters 0.00% · institutions 2.01% · other public 0.09%

    Turnout: all 87.44% · promoters 99.78% · institutions 90.82% · other public 3.53%

  3. Issue of Bonus Shares
    OrdinaryPromoters have an interest in it
    98.68% for1.32% against

    Against: promoters 0.00% · institutions 3.53% · other public 0.06%

    Turnout: all 87.44% · promoters 99.78% · institutions 90.82% · other public 3.53%

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, 4 Dec 2025, 1 resolution

67,349 shareholders on the register on 24 Oct 2025; votes counted by Savita Jyoti / Savita Jyoti Associates.The company's voting result (opens in a new tab)

  1. Approval for Buy Back of Equity Shares through tender offer route
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.11%

    Turnout: all 87.40% · promoters 99.78% · institutions 91.82% · other public 1.19%

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, 10 Sep 2025, 5 resolutions

68,511 shareholders on the register on 3 Sep 2025; present: 2 promoters and 54 others; votes counted by Alifya Sapatwala / M/s Mehta and Mehta, Company Secretaries.The company's voting result (opens in a new tab)

  1. To receive, consider, approve and adopt: a. The Audited Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon; b. The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 87.46% · promoters 99.78% · institutions 91.62% · other public 2.25%

  2. To declare dividend for the year ended March 31, 2025 amounting to Re. 1/- per share.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.52%

    Turnout: all 87.62% · promoters 99.78% · institutions 92.05% · other public 2.25%

  3. To appoint a Director in place of Mr. Priyadarshan Mundhra (DIN: 00281165), who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    97.17% for2.83% against

    Against: promoters 0.00% · institutions 7.34% · other public 0.57%

    Turnout: all 87.62% · promoters 99.78% · institutions 92.05% · other public 2.25%

  4. To appoint M/s. Mehta & Mehta, Company Secretaries (Firm Registration Number: P1996MH007500) as the Secretarial Auditor of the Company for a term of 5 (five) years and to fix their remuneration.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 87.59% · promoters 99.78% · institutions 91.99% · other public 2.25%

  5. To approve payment of remuneration by way of commission to Non-Executive Independent Directors of the Company.
    Special
    100.00% for0.00% against

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

    Turnout: all 87.62% · promoters 99.78% · institutions 92.05% · other public 2.25%

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, 19 Sep 2024, 6 resolutions

Present: 2 promoters and 49 others.The company's voting result (opens in a new tab)

  1. To receive, consider, approve and adopt:na. The Audited Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon;nb. The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Auditors thereon.MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.07% · other public 0.44%

    Turnout: all 85.39% · promoters 99.78% · institutions 91.28% · other public 2.47%

  2. To declare dividend for the year ended March 31, 2024 amounting to Re. 1/- per share
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.40%

    Turnout: all 85.42% · promoters 99.78% · institutions 91.36% · other public 2.47%

  3. To appoint a Director in place of Mr. Anjan Malik, (DIN: 01698542) who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.09% · other public 0.49%

    Turnout: all 85.42% · promoters 99.78% · institutions 91.36% · other public 2.47%

  4. To appoint M/s. Price Waterhouse Chartered Accountants LLP, Chartered Accountants, Mumbai as Statutory Auditors of the Company in place of the retiringnauditor M/s. S.R. Batliboi & Associates LLP and to fix their remunerationMoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.02% · other public 0.72%

    Turnout: all 85.42% · promoters 99.78% · institutions 91.36% · other public 2.47%

  5. Amendment of Articles of Association of the Company.
    Special
    100.00% for0.00% against

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

    Turnout: all 85.42% · promoters 99.78% · institutions 91.36% · other public 2.47%

  6. Re-appointment of Mr. PD Mundhra (DIN: 00281165) as Whole-Time Director for a period of 5 (Five) Years, effective from April 1, 2025.
    SpecialPromoters have an interest in it
    97.42% for2.58% against

    Against: promoters 0.00% · institutions 7.01% · other public 0.47%

    Turnout: all 85.39% · promoters 99.78% · institutions 91.25% · other public 2.47%

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 Jun 2024, 1 resolution

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

  1. Approval for Buy Back of Equity Shares through tender offer route
    SpecialPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.08% · other public 2.10%

    Turnout: all 84.67% · promoters 99.79% · institutions 89.18% · other public 0.78%

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, 17 May 2024, 1 resolution

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

  1. Amendment of the Employee Stock Scheme / Plan 2015
    Special
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.29% · other public 4.22%

    Turnout: all 84.64% · promoters 99.79% · institutions 89.02% · 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.

Postal ballot, 7 Mar 2024, 1 resolution

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

  1. Appointment of Mr. Amit Majmudar (DIN: 00565425) as a Director in the capacity of Non-Executive Independent Director of the Company
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.09% · other public 2.15%

    Turnout: all 84.06% · promoters 99.79% · institutions 88.08% · other public 3.34%

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.

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 8 Sep 2026, 10 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider, approve and adopt: a. The Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon; b. The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Auditors thereon.MoreLess
    10 for0 against
  • To declare dividend for the year ended March 31, 2026 amounting to Re. 1/- per share.
    10 for0 against
  • To appoint a Director in place of Mr. Anjan Malik (DIN: 01698542), who retires by rotation and being eligible, offers himself for re-appointment.
    10 for0 against

Mutual fund votes, meeting of 5 Mar 2026, 25 fund houses

  • To re-appoint Mr. Srinjay Sengupta (DIN: 02692531) as Non-Executive Independent Director of the Company
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, The Wealth Company Mutual Fund
    • Angel One Mutual FundPrior approval of the shareholders has not been obtained for re-appointment as an Independent Director.
    • Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, The Wealth Company Mutual FundNo concern identified on the merits of proposed appointee. Non-Compliance: The term of Mr. Srinjay Sengupta has already ended on 27th January, 2026. The eligibility for re-appointment is approval of shareholders by way of special resolution and eligibility has to be established by the time re-appointment starts. Therefore, such approval should have been obtained on or before 27th January, 2026. In the present case, the Company proposes to re-appoint him for a further term of five consecutive years with effect from 28th January, 2026, however, the approval will be obtained only post 5th March, 2026. As prior approval of the shareholders has not been obtained for his re-appointment as an Independent Director, the proposed re-appointment is not in accordance with law.
    20 for5 against
  • Amendment of the Employee Stock Scheme/Plan 2022
    25 for0 against
  • Issue of Bonus Shares
    25 for0 against
6 earlier meetings

Mutual fund votes, meeting of 4 Dec 2025, 25 fund houses

  • Approval for Buy Back of Equity Shares through tender offer route
    25 for0 against

Mutual fund votes, meeting of 10 Sep 2025, 24 fund houses

  • To receive, consider, approve and adopt: a. The Audited Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon; b. The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Auditors thereon.MoreLess
    24 for0 against
  • To declare dividend for the year ended March 31, 2025 amounting to Re. 1/- per share.
    24 for0 against
  • To appoint a Director in place of Mr. Priyadarshan Mundhra (DIN: 00281165), who retires by rotation and being eligible, offers himself for re-appointment.
    24 for0 against
  • To appoint M/s. Mehta & Mehta, Company Secretaries (Firm Registration Number: P1996MH007500) as the Secretarial Auditor of the Company for a term of 5 (five) years and to fix their remuneration.
    24 for0 against
  • To approve payment of remuneration by way of commission to Non-Executive Independent Directors of the Company.
    24 for0 against

Mutual fund votes, meeting of 19 Sep 2024, 16 fund houses

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

  • To receive, consider, approve and adopt:na. The Audited Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon;nb. The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Auditors thereon.MoreLess
    15 for0 against
  • To declare dividend for the year ended March 31, 2024 amounting to Re. 1/- per share
    16 for0 against
  • To appoint a Director in place of Mr. Anjan Malik, (DIN: 01698542) who retires by rotation and being eligible, offers himself for re-appointment.
    16 for0 against
  • To appoint M/s. Price Waterhouse Chartered Accountants LLP, Chartered Accountants, Mumbai as Statutory Auditors of the Company in place of the retiringnauditor M/s. S.R. Batliboi & Associates LLP and to fix their remunerationMoreLess
    16 for0 against
  • Amendment of Articles of Association of the Company.
    16 for0 against
  • Re-appointment of Mr. PD Mundhra (DIN: 00281165) as Whole-Time Director for a period of 5 (Five) Years, effective from April 1, 2025.
    16 for0 against
1 proposal not matched to one resolution
  • Accept Financial Statements and Statutory Reports
    1 for0 against

Mutual fund votes, meeting of 23 Jun 2024, 15 fund houses

  • Approval for Buy Back of Equity Shares through tender offer route
    15 for0 against

Mutual fund votes, meeting of 17 May 2024, 15 fund houses

  • Amendment of the Employee Stock Scheme / Plan 2015
    Against Groww Mutual Fund
    • Groww Mutual FundNon-compliant with SEBI SBEB Regulations - Exercise price for options is inadequately disclosed. Concerns raised in original scheme still persists.
    14 for1 against

Mutual fund votes, meeting of 7 Mar 2024, 14 fund houses

  • Appointment of Mr. Amit Majmudar (DIN: 00565425) as a Director in the capacity of Non-Executive Independent Director of the Company
    14 for0 against

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

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 3 complaints open, quarter to Sep 2026.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.