Enviro Infra Engineers logo

Enviro Infra Engineers MD, chairman, board of directors and AGM

NSE: EIELBSE: 544290Other UtilitiesSmall Cap

Last close ₹161.39down ₹9.63 (5.63%)BSE ₹161.45

Share price at the NSE close on 23 Oct 2026. Previous close ₹171.02.

52-week range of traded prices to 23 Oct 2026
₹134.71Low, 9 Mar 2026₹257.66High, 30 Oct 2025
Market cap
₹2,833 Cr952nd largest listed
P/E
15.7
P/B
2.3
Dividend yield
Nonein the last 12 months
ROE
16.2%
ROCE
15.5%
Debt to equity
0.34
Volume, NSE
6,95,57346.8% delivered

Enviro Infra Engineers 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

  • ChairpersonSANJAY JAINRelated to the promoter
  • Managing directorMANISH JAIN
  • Company Secretary and Compliance OfficerPiyush Jain

8 directors4 independent4 executive

  • SANJAY JAIN · ChairpersonExecutive · joined Oct 2025 · reappointed Oct 2025 · 1 listed board · 1 committee seat
  • MANISH JAIN · Managing directorExecutive · joined Jun 2009 · reappointed Aug 2025 · 1 listed board · 2 committee seats
  • RITU JAINExecutive · joined Jul 2022 · reappointed Aug 2025 · 1 listed board
  • SHACHI JAINExecutive · joined Aug 2025 · reappointed Aug 2025 · 1 listed board · 1 committee seat
  • ASEEM JAINIndependent · joined Aug 2022 · reappointed Aug 2022 · 46 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • ANIL GOYALIndependent · joined Jan 2023 · reappointed Jan 2023 · 41 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • NUTAN GUHA BISWASIndependent · joined Jun 2024 · reappointed Jun 2024 · 24 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • MUKUL JAINIndependent · joined Oct 2025 · reappointed Oct 2025 · 8 months as independent · 4 listed boards · 4 as independent · 4 committee seats, 2 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

    • 28 May 20268 of 8 present4 independent · 107 days in between
    • 9 Feb 20268 of 8 present4 independent

  • Audit Committee

    Chair ANIL GOYAL

    ASEEM JAIN, MANISH JAIN

    • 28 May 20263 of 3 present2 independent · 107 days in between
    • 9 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair MUKUL JAIN

    ANIL GOYAL, NUTAN GUHA BISWAS

    • 28 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair NUTAN GUHA BISWAS

    SANJAY JAIN, SHACHI JAIN

    • 24 Mar 20262 of 3 present1 independent

  • Risk Management Committee

    Chair MANISH JAIN

    MUKUL JAIN, PIYUSH JAIN

    • 28 Mar 20262 of 2 present1 independent

  • Corporate Social Responsibility Committee

    Chair SANJAY JAIN

    RITU JAIN, ASEEM JAIN

    • 27 May 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.

  • SS Kothari Mehta & Co. LLPPeer-review certificate valid to Aug 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Enviro Infra Engineers 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.Enviro Infra Engineers share news and announcements

Annual general meeting, 16 Sep 2026

2,26,511 shareholders on the register on 9 Sep 2026; present: 8 promoters and 72 others; votes counted by ALOK JAIN / JAIN ALOK & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the Financial Year ended 31st March, 2026 and the reports
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.45% · promoters 100.00% · institutions 86.87% · other public 3.76%

  2. To appoint a director in place of Mr. Manish Jain (DIN: 02671522), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 7.13% · other public 0.04%

    Turnout: all 72.45% · promoters 100.00% · institutions 86.87% · other public 3.76%

  3. To approve granting of Loan or Guarantee or providing Security in connection with any Loan to be taken by Suyog Urja Limited.
    Special
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 7.13% · other public 0.08%

    Turnout: all 72.45% · promoters 100.00% · institutions 86.87% · other public 3.76%

  4. To approve Material Related Party Transactions to be entered between the Company and Suyog Urja Limited, Step-Down Subsidiary Company of the Company.
    OrdinaryPromoters have an interest in it
    96.28% for3.72% against

    Against: promoters 0.00% · institutions 7.13% · other public 0.04%

    Turnout: all 2.23% · promoters 0.00% · institutions 86.87% · other public 3.76%

  5. To approve Material Related Party Transactions to be entered between EIE Renewables Private Limited, Wholly Owned Subsidiary of the Company and Suyog Urja Limited, Step-Down Subsidiary Company of the Company.MoreLess
    OrdinaryPromoters have an interest in it
    96.28% for3.72% against

    Against: promoters 0.00% · institutions 7.13% · other public 0.04%

    Turnout: all 2.23% · promoters 0.00% · institutions 86.87% · other public 3.76%

  6. To approve Material Related Party Transactions to be entered between the Company and M/s EIEL AIEPL JV, Joint Controlled Operations of the Company.
    OrdinaryPromoters have an interest in it
    96.28% for3.72% against

    Against: promoters 0.00% · institutions 7.13% · other public 0.04%

    Turnout: all 2.23% · promoters 0.00% · institutions 86.87% · other public 3.76%

  7. Change in the Objects / terms of utilisation of the Initial Public Offering (“IPO”) proceeds and modification of time limit for utilisation of the IPO proceeds.
    Special
    100.00% for0.00% against

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

    Turnout: all 72.45% · promoters 100.00% · institutions 86.87% · other public 3.76%

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, 1 Jan 2026, 3 resolutions

2,33,310 shareholders on the register on 28 Nov 2025; votes counted by Alok Jain / Jain Alok and Associates.The company's voting result (opens in a new tab)

  1. TO APPOINT DR. MUKUL JAIN (DIN: 07187651) AS A NON-EXECUTIVE INDEPENDENT DIRECTOR OF THE COMPANY
    Special
    100.00% for0.00% against

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

    Turnout: all 71.46% · promoters 100.00% · institutions 66.32% · other public 1.25%

  2. APPROVAL OF EIEL EMPLOYEES STOCK OPTION PLAN, 2025 (“THE PLAN”)
    Special
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 16.48% · other public 0.81%

    Turnout: all 71.46% · promoters 100.00% · institutions 66.32% · other public 1.25%

  3. APPROVAL OF “EIEL EMPLOYEES STOCK OPTION PLAN 2025 (“THE PLAN”) FOR THE BENEFIT OF THE EMPLOYEES OF THE SUBSIDIARY(IES) / ASSOCIATE(S) OF THE COMPANY (PRESENT AND FUTURE)
    Special
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 16.48% · other public 0.90%

    Turnout: all 71.46% · promoters 100.00% · institutions 66.32% · other public 1.25%

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.

Postal ballot, 3 Oct 2025, 6 resolutions

2,48,799 shareholders on the register on 29 Aug 2025; votes counted by Alok Jain / Jain Alok and Associates.The company's voting result (opens in a new tab)

  1. TO APPOINT MR. SANJAY JAIN (DIN: 02575734) AS CHAIRMAN & WHOLE-TIME DIRECTOR OF THE COMPANY
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.05% · other public 0.73%

    Turnout: all 72.69% · promoters 100.00% · institutions 76.62% · other public 4.40%

  2. TO APPROVE THE REMUNERATION OF MR. SANJAY JAIN (DIN: 02575734) AS CHAIRMAN & WHOLE-TIME DIRECTOR OF THE COMPANY
    OrdinaryPromoters have an interest in it
    90.30% for9.70% against

    Against: promoters 0.00% · institutions 16.51% · other public 0.81%

    Turnout: all 2.85% · promoters 0.00% · institutions 91.73% · other public 4.39%

  3. TO APPROVE CHANGE IN DESIGNATION OF MRS. RITU JAIN (DIN: 09583136) FROM NON-EXECUTIVE NON-INDEPENDENT DIRECTOR TO WHOLE TIME DIRECTOR
    Ordinary
    99.54% for0.46% against

    Against: promoters 0.00% · institutions 19.91% · other public 0.86%

    Turnout: all 72.96% · promoters 100.00% · institutions 91.73% · other public 4.40%

  4. TO APPROVE THE REMUNERATION OF MRS. RITU JAIN (DIN: 09583136) AS WHOLE-TIME DIRECTOR OF THE COMPANY
    OrdinaryPromoters have an interest in it
    90.25% for9.75% against

    Against: promoters 0.00% · institutions 16.51% · other public 0.92%

    Turnout: all 2.85% · promoters 0.00% · institutions 91.73% · other public 4.39%

  5. TO APPROVE THE APPOINTMENT OF MRS. SHACHI JAIN (DIN: 09583066) AS WHOLE TIME DIRECTOR OF THE COMPANY
    Ordinary
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 3.41% · other public 0.85%

    Turnout: all 72.96% · promoters 100.00% · institutions 91.73% · other public 4.40%

  6. TO APPROVE THE REMUNERATION OF MRS. SHACHI JAIN (DIN: 09583066) AS WHOLE TIME DIRECTOR OF THE COMPANY
    OrdinaryPromoters have an interest in it
    99.60% for0.40% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.92%

    Turnout: all 2.85% · promoters 0.00% · institutions 91.73% · other public 4.39%

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, 28 Aug 2025, 9 resolutions

2,47,938 shareholders on the register on 21 Aug 2025; present: 4 promoters and 55 others; votes counted by ALOK JAIN / JAIN ALOK & ASSOCIATED.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the Financial Year ended March 31, 2025 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 0.06%

    Turnout: all 71.24% · promoters 100.00% · institutions 36.67% · other public 1.67%

  2. To appoint a director in place of Mrs. Ritu Jain (DIN:09583136), who retires by rotation and being eligible, offers herself for re-appointment.
    Ordinary
    99.44% for0.56% against

    Against: promoters 0.00% · institutions 57.79% · other public 0.50%

    Turnout: all 71.26% · promoters 100.00% · institutions 38.13% · other public 1.67%

  3. To re-appoint Mr. Sanjay Jain (DIN: 02575734) as Chairman & Whole-time Director of the Company and fix his remuneration and in this regard, to consider and if thought fit, to pass with or without modification(s), the following resolution as a Special Resolution.MoreLess
    SpecialNot passedRecorded as not passed although most votes were for it; no reason is givenPromoters have an interest in it
    65.60% for34.40% against

    Against: promoters 0.00% · institutions 57.80% · other public 0.20%

    Turnout: all 1.16% · promoters 0.00% · institutions 38.13% · other public 1.67%

  4. To re-appoint Mr. Manish Jain (DIN: 02671522) as Managing Director and fix his remuneration and in this regard, to consider and if thought fit, to pass with or without modification(s), the following resolution as a Special Resolution:MoreLess
    SpecialPromoters have an interest in it
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.23%

    Turnout: all 1.16% · promoters 0.00% · institutions 38.13% · other public 1.67%

  5. To approve the remuneration of Mrs. Ritu Jain (DIN:09583136), Non – Executive Director and if thought fit, to pass with or without modification(s), the following resolution as a Special Resolution.
    SpecialNot passedRecorded as not passed although most votes were for it; no reason is givenPromoters have an interest in it
    60.57% for39.43% against

    Against: promoters 0.00% · institutions 65.82% · other public 0.89%

    Turnout: all 1.16% · promoters 0.00% · institutions 38.13% · other public 1.67%

  6. To increase the borrowing limits under Section 180(1)(c) of the Companies Act, 2013 and if thought fit, to pass with or without modification(s), the following resolution as a Special Resolution.
    Special
    99.42% for0.58% against

    Against: promoters 0.00% · institutions 57.79% · other public 2.79%

    Turnout: all 71.26% · promoters 100.00% · institutions 38.13% · other public 1.67%

  7. To create charge/mortgage over the properties of the Company for the purpose of borrowing in the terms of Section 180 (1)(a) of the Companies Act, 2013.
    Special
    99.44% for0.56% against

    Against: promoters 0.00% · institutions 57.79% · other public 0.57%

    Turnout: all 71.26% · promoters 100.00% · institutions 38.13% · other public 1.67%

  8. To appoint Secretarial Auditor and in this regard, to consider and if thought fit, to pass with or without modification(s), the following resolution as an Ordinary Resolution:
    Ordinary
    99.44% for0.56% against

    Against: promoters 0.00% · institutions 57.79% · other public 0.07%

    Turnout: all 71.26% · promoters 100.00% · institutions 38.13% · other public 1.67%

  9. To fix the remuneration of Mr. Dheeraj Jain, a related party holding an office or place of profit in the Company and if thought fit, to pass with or without modification(s), the following resolution as an Ordinary Resolution:MoreLess
    Ordinary
    99.36% for0.64% against

    Against: promoters 0.00% · institutions 65.82% · other public 0.77%

    Turnout: all 71.26% · promoters 100.00% · institutions 38.13% · other public 1.67%

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, 19 Mar 2025, 3 resolutions

2,43,151 shareholders on the register on 14 Feb 2025; votes counted by Alok Jain / Jain Alok & Associates.The company's voting result (opens in a new tab)

  1. To alter the Object Clause of the Memorandum of Association of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 72.36% · promoters 100.00% · institutions 19.71% · other public 5.07%

  2. To fix the remuneration of Mr. Piyush Jain (Chief Operating Officer), a related party holding an office or place of profit in the Company
    OrdinaryPromoters have an interest in it
    99.94% for0.06% against

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

    Turnout: all 2.35% · promoters 0.00% · institutions 19.96% · other public 5.07%

  3. To fix the remuneration of Mrs. Shachi Jain (Chief Human Resource Officer), a related party holding an office or place of profit in the Company
    OrdinaryPromoters have an interest in it
    99.93% for0.07% against

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

    Turnout: all 2.35% · promoters 0.00% · institutions 19.96% · other public 5.07%

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

  • To consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the Financial Year ended 31st March, 2026 and the reports
    1 for0 against
  • To appoint a director in place of Mr. Manish Jain (DIN: 02671522), who retires by rotation and being eligible, offers himself for re-appointment.
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance concern: Gender Biased remuneration practice in past and in favour of Male Executive Directors including the proposed appointee.
    0 for1 against
  • To approve granting of Loan or Guarantee or providing Security in connection with any Loan to be taken by Suyog Urja Limited.
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance concern: Interlinked with Resolution #4. (Inadequate disclosure of the basis for determining the arm’s length pricing of the proposed transactions)
    0 for1 against
  • To approve Material Related Party Transactions to be entered between the Company and Suyog Urja Limited, Step-Down Subsidiary Company of the Company.
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance concern: Inadequate disclosure of the basis for determining the arm’s length pricing of the proposed transactions.
    0 for1 against
  • To approve Material Related Party Transactions to be entered between EIE Renewables Private Limited, Wholly Owned Subsidiary of the Company and Suyog Urja Limited, Step-Down Subsidiary Company of the Company.MoreLess
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance concern: Inadequate disclosure of the basis for determining the arm’s length pricing of the proposed transactions.
    0 for1 against
  • To approve Material Related Party Transactions to be entered between the Company and M/s EIEL AIEPL JV, Joint Controlled Operations of the Company.
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance concern: Inadequate disclosure of the basis for determining the arm’s length pricing of the proposed transactions.
    0 for1 against
  • Change in the Objects / terms of utilisation of the Initial Public Offering (“IPO”) proceeds and modification of time limit for utilisation of the IPO proceeds.
    1 for0 against

Mutual fund votes, meeting of 1 Jan 2026, 5 fund houses

  • TO APPOINT DR. MUKUL JAIN (DIN: 07187651) AS A NON-EXECUTIVE INDEPENDENT DIRECTOR OF THE COMPANY
    5 for0 against
  • APPROVAL OF EIEL EMPLOYEES STOCK OPTION PLAN, 2025 (“THE PLAN”)
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundNon-Disclosure of Exercise Price / Pricing Formula; Absolute Discretion to Nomination & Remuneration Committee to determine Exercise Price and maximum Vesting Period.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations, 2021: Non-Disclosure of Exercise Price / Pricing Formula; Absolute Discretion to NRC to determine Exercise Price and maximum Vesting Period.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    0 for5 against
  • APPROVAL OF “EIEL EMPLOYEES STOCK OPTION PLAN 2025 (“THE PLAN”) FOR THE BENEFIT OF THE EMPLOYEES OF THE SUBSIDIARY(IES) / ASSOCIATE(S) OF THE COMPANY (PRESENT AND FUTURE)
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundGovernance and Transparency concern: Extension of scheme to associate companies without compelling reasons / justifications & No disclosure regarding the cost being reimbursed. Interlinked with resolution #2.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    0 for5 against
3 earlier meetings

Mutual fund votes, meeting of 3 Oct 2025, 6 fund houses

  • TO APPOINT MR. SANJAY JAIN (DIN: 02575734) AS CHAIRMAN & WHOLE-TIME DIRECTOR OF THE COMPANY
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund
    • Angel One Mutual FundGovernance concern: Executive Chairman of the Company. Failure in duties as Board Chairman. Gender Biased remuneration practice. Transparency Concern: Proposed appointment as Executive Chairman may result in non-compliant board with requirement of Independent Directors on the Board. No clarity on steps taken by the Company in this regard.
    • Bandhan Mutual Fund, Groww Mutual FundNo concern on merit of proposed appointee. Governance concern: Executive Chairman of the Company. Failure in duties as Board Chairman as the Company is non-compliant with the Companies Act, 2013 & SEBI LODR, 2015. Gender Biased remuneration practice in favour of Male EDs, including Mr. Sanjay Jain. Transparency Concern: Proposed appointment as Executive Chairman may result in non-compliant board with requirement of IDs on the Board. No clarity on steps taken by the Company in this regard
    • LIC Mutual FundGovernance concern: Executive Chairman of the Company. Failure in duties as Board Chairman as the Company is non-compliant with the Companies Act, 2013 & SEBI LODR, 2015. Gender Biased remuneration practice in favour of Male EDs, including Mr. Sanjay Jain. Transparency Concern: Proposed appointment as Executive Chairman may result in non-compliant board with requirement of IDs on the Board. No clarity on steps taken by the Company in this regard
    2 for4 against
  • TO APPROVE THE REMUNERATION OF MR. SANJAY JAIN (DIN: 02575734) AS CHAIRMAN & WHOLE-TIME DIRECTOR OF THE COMPANY
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Mirae Asset Mutual Fund
    • Angel One Mutual FundGovernance concern: Executive Chairman of the Company. Failure in duties as Board Chairman. Gender Biased remuneration practice. Transparency Concern: Proposed appointment as Executive Chairman may result in non-compliant board with requirement of Independent Directors on the Board. No clarity on steps taken by the Company in this regard.
    • Bandhan Mutual Fund, Groww Mutual FundNo concern on merit of proposed appointee. Governance concern: Executive Chairman of the Company. Failure in duties as Board Chairman as the Company is non-compliant with the Companies Act, 2013 & SEBI LODR, 2015. Gender Biased remuneration practice in favour of Male EDs, including Mr. Sanjay Jain. Transparency Concern: Proposed appointment as Executive Chairman may result in non-compliant board with requirement of IDs on the Board. No clarity on steps taken by the Company in this regard
    • LIC Mutual FundGovernance concern: Executive Chairman of the Company. Failure in duties as Board Chairman as the Company is non-compliant with the Companies Act, 2013 & SEBI LODR, 2015. Gender Biased remuneration practice in favour of Male EDs, including Mr. Sanjay Jain. Transparency Concern: Proposed appointment as Executive Chairman may result in non-compliant board with requirement of IDs on the Board. No clarity on steps taken by the Company in this regard
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    1 for5 against
  • TO APPROVE CHANGE IN DESIGNATION OF MRS. RITU JAIN (DIN: 09583136) FROM NON-EXECUTIVE NON-INDEPENDENT DIRECTOR TO WHOLE TIME DIRECTOR
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Mirae Asset Mutual Fund
    • Angel One Mutual FundExecutive Director as member of Nomination and Remuneration Committee. Governance Concern: Failure in duties as Nomination and Remuneration Committee Member as the Company is non-compliant.
    • Bandhan Mutual Fund, Groww Mutual FundNo concern on merit of proposed appointee. Non-compliance with Section 178 of the Companies Act, 2013 and SEBI LODR Regulation 19 (1): Executive Director as member of NRC committee. Governance Concern: Failure in duties as NRC Member as the Company is non-compliant with the Companies Act, 2013 & SEBI LODR, 2015
    • LIC Mutual FundConcerns over Non-compliance with Section 178 of the Companies Act, 2013 and SEBI LODR Regulation 19 (1): Executive Director as member of NRC committee. Governance Concern: Failure in duties as NRC Member as the Company is non-compliant with the Companies Act, 2013 & SEBI LODR, 2015
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    1 for5 against
  • TO APPROVE THE REMUNERATION OF MRS. RITU JAIN (DIN: 09583136) AS WHOLE-TIME DIRECTOR OF THE COMPANY
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Mirae Asset Mutual Fund
    • Angel One Mutual FundExecutive Director as member of Nomination and Remuneration Committee. Governance Concern: Failure in duties as Nomination and Remuneration Committee Member as the Company is non-compliant.
    • Bandhan Mutual Fund, Groww Mutual FundNo concern on merit of proposed appointee. Non-compliance with Section 178 of the Companies Act, 2013 and SEBI LODR Regulation 19 (1): Executive Director as member of NRC committee. Governance Concern: Failure in duties as NRC Member as the Company is non-compliant with the Companies Act, 2013 & SEBI LODR, 2015
    • LIC Mutual FundConcerns over Non-compliance with Section 178 of the Companies Act, 2013 and SEBI LODR Regulation 19 (1): Executive Director as member of NRC committee. Governance Concern: Failure in duties as NRC Member as the Company is non-compliant with the Companies Act, 2013 & SEBI LODR, 2015
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    1 for5 against
  • TO APPROVE THE APPOINTMENT OF MRS. SHACHI JAIN (DIN: 09583066) AS WHOLE TIME DIRECTOR OF THE COMPANY
    Against Mirae Asset Mutual Fund
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    5 for1 against
  • TO APPROVE THE REMUNERATION OF MRS. SHACHI JAIN (DIN: 09583066) AS WHOLE TIME DIRECTOR OF THE COMPANY
    Against Mirae Asset Mutual Fund
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    5 for1 against

Mutual fund votes, meeting of 28 Aug 2025, 6 fund houses

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

  • To consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the Financial Year ended March 31, 2025 and the reports of the Board of Directors and Auditors thereon.MoreLess
    6 for0 against
  • To appoint a director in place of Mrs. Ritu Jain (DIN:09583136), who retires by rotation and being eligible, offers herself for re-appointment.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance concern: Excessive remuneration and no justification for differential payment. The member of the Nomination & Remuneration Committee should be responsible for the non-compliance.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Excessive remuneration and no justification for differential payment. The member of the NRC should be responsible for the non-compliance with the Companies Act, 2013 & SEBI LODR, 2015.
    • LIC Mutual FundGovernance concern: Excessive remuneration and no justification for differential payment.
    1 for5 against
  • To re-appoint Mr. Sanjay Jain (DIN: 02575734) as Chairman & Whole-time Director of the Company and fix his remuneration and in this regard, to consider and if thought fit, to pass with or without modification(s), the following resolution as a Special Resolution.MoreLess
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual Fund, LIC Mutual FundGovernance concern: Executive Chairman of the Company. The Company is non-compliant with the Companies Act, 2013 & SEBI LODR.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Executive Chairman of the Company. The Company is non-compliant with the Companies Act, 2013 & SEBI LODR.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    0 for6 against
  • To re-appoint Mr. Manish Jain (DIN: 02671522) as Managing Director and fix his remuneration and in this regard, to consider and if thought fit, to pass with or without modification(s), the following resolution as a Special Resolution:MoreLess
    Against Mirae Asset Mutual Fund
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    5 for1 against
  • To approve the remuneration of Mrs. Ritu Jain (DIN:09583136), Non – Executive Director and if thought fit, to pass with or without modification(s), the following resolution as a Special Resolution.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance concern: Excessive remuneration and no justification for differential payment. The member of the Nomination & Remuneration Committee should be responsible for the non-compliance with the Companies Act, 2013 & SEBI LODR, 2015.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Excessive remuneration and no justification for differential payment. The member of the NRC should be responsible for the non-compliance with the Companies Act, 2013 & SEBI LODR, 2015.
    • LIC Mutual FundGovernance concern: Excessive remuneration and no justification for differential payment.
    1 for5 against
  • To create charge/mortgage over the properties of the Company for the purpose of borrowing in the terms of Section 180 (1)(a) of the Companies Act, 2013.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual Fund, LIC Mutual FundTransparency Concern: The Company has not disclosed the existing non-fund-based borrowings.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Transparency Concern: The Company has not disclosed the existing non-fund-based borrowings.
    1 for5 against
  • To fix the remuneration of Mr. Dheeraj Jain, a related party holding an office or place of profit in the Company and if thought fit, to pass with or without modification(s), the following resolution as an Ordinary Resolution:MoreLess
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual Fund, LIC Mutual FundPrior approval of shareholders not sought.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-compliance with Companies Act, 2013: Prior approval of shareholders not sought.
    1 for5 against
2 proposals not matched to one resolution
  • To appoint M/s. Jain Alok and Associates, Practicing Company Secretaries (CP No: 14828 and Peer Review Certificate No. 2438/2022) as Secretarial Auditors of the Company for a term of 5 (five) consecutive years from the conclusion of this Annual General Meeting (AGM) till the conclusion of 20th AGM of the Company to be held in the calendar year 2030, on such remuneration and reimbursement of out of pocket expenses for the purpose of audit as approved by the Board of Directors (hereinafter referred to as the Board which term shall be deemed to include the Audit Committee of the Board) of the Company.MoreLess
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual Fund, LIC Mutual FundGovernance concern: Failure to highlight previous non-compliance in the Secretarial Audit Report or Compliance Report.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Failure to highlight previous non-compliance in the Secretarial Audit Report or Compliance Report.
    1 for5 against
  • To borrow, from time to time, such sum or sums of money as may be deemed necessary for the purpose of the business of the Company, whether in Indian Rupees or in any other foreign currency, by way of fund-based and/or non-fund based facilities, including but not limited to loans, cash credit, overdrafts, letters of credit, bank guarantees, buyers’ credit, suppliers’ credit, debentures (whether secured or unsecured), bonds, commercial papers or such other instruments, from one or more banks, financial institutions, bodies corporate, or any other eligible lenders, whether in India or abroad, notwithstanding that the monies to be borrowed together with the monies already borrowed by the Company (apart from temporary loans obtained from the Company’s bankers in the ordinary course of business) may exceed the aggregate of the paid-up share capital, free reserves and securities premium of the Company, provided that the total outstanding borrowings of the Company (fund-based and non-fund-based, excluding temporary loans obtained from the Company’s bankers in the ordinary course of business) shall not exceed, at any point in time, a sum of Rs. 2,500 Crores.MoreLess
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual Fund, LIC Mutual FundTransparency Concern: The Company has not disclosed the existing non-fund-based borrowings.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Transparency Concern: The Company has not disclosed the existing non-fund-based borrowings.
    1 for5 against

Mutual fund votes, meeting of 19 Mar 2025, 2 fund houses

  • To alter the Object Clause of the Memorandum of Association of the Company
    2 for0 against
  • To fix the remuneration of Mr. Piyush Jain (Chief Operating Officer), a related party holding an office or place of profit in the Company
    2 for0 against
  • To fix the remuneration of Mrs. Shachi Jain (Chief Human Resource Officer), a related party holding an office or place of profit in the Company
    2 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 boughtPRA Bihar Bees Private LimitedSince 21 Apr 2026

    100.00% bought in the quarter; holding 100.00%, from 0.00%

  • Unlisted stake boughtSuyog Urja LimitedSince 28 Apr 2026

    51.00% bought in the quarter; holding 51.00%, from 0.00%

  • Tax disputeThe Superintendent, CGST Range – XXVI, Circle- B, Bikaner (Rajasthan)Since 8 Apr 2025
    The company has filed an appeal dated 08-04-2025. Appeal filed by the company has been accepted on 11-08-2025 & assigned to the Central Appellate Authority. The matter is pending adjudication.
    At the filing before: The company has filed an appeal dated 08-04-2025; however, the date of hearing is yet to be notified by the concerned department.

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 6 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
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.

How money raised was used

Reported for the quarter to Jun 2026.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Public IssuesNov 2024, checked by CRISIL RATINGS LIMITED572.35To meet the Working Capital Requirements181.00180.99No
Public IssuesNov 2024, checked by CRISIL RATINGS LIMITED572.35Infusion of funds in the Subsidiary, EIEL Mathura Infra Engineers Private Limited (“EIEL Mathura”) to build 60 MLD STP under project titled ‘Mathura Sewerage Scheme” at Mathura in Uttar Pradesh through Hybrid Annuity Based PPP Mode30.0030.00No
Public IssuesNov 2024, checked by CRISIL RATINGS LIMITED572.35Repayment/prepayment in full or in part, of certain of the outstanding borrowings120.00120.00No
Public IssuesNov 2024, checked by CRISIL RATINGS LIMITED572.35Funding inorganic growth through unidentified acquisitions and general corporate purposes186.27130.53No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.