Electrosteel Castings logo

Electrosteel Castings CEO, MD, chairman, board of directors and AGM

NSE: ELECTCASTBSE: 500128Industrial ProductsSmall Cap

Last close ₹66.29down ₹3.62 (5.18%)BSE ₹66.33

Share price at the NSE close on 23 Oct 2026. Previous close ₹69.91.

52-week range of traded prices to 23 Oct 2026
₹60.15Low, 9 Mar 2026₹97.54High, 23 Oct 2025
Market cap
₹4,098 Cr803rd largest listed
P/E
34.0
P/E without one-offs
25.8
P/B
0.7
Dividend yield
1.36%
ROE
2.1%
ROE without one-offs
2.7%
ROCE
1.5%
Debt to equity
0.26
Volume, NSE
22,67,09345.4% delivered

Electrosteel Castings 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

  • ChairpersonRajkumar Khanna
  • Managing directorUmang Kejriwal
  • Managing directorMayank Kejriwal
  • Chief executiveSunil Katial
  • Company Secretary and Compliance OfficerINDRANIL MITRA

17 directors9 independent8 executive

  • Amrendra Prasad VermaIndependent · joined Dec 2016 · reappointed Dec 2021 · 117 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
  • Mohua BanerjeeIndependent · joined Feb 2019 · reappointed Feb 2024 · 91 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Rajkumar Khanna · ChairpersonIndependent · joined Jun 2020 · reappointed Jun 2025 · 76 months as independent · 3 listed boards · 3 as independent · 1 committee seat
  • Umang Kejriwal · Managing directorExecutive · joined Feb 1979 · reappointed Apr 2022 · 1 listed board
  • Mayank Kejriwal · Managing directorExecutive · joined Jun 2003 · reappointed Apr 2022 · 1 listed board · 1 committee seat
  • Uddhav KejriwalExecutive · joined Jun 2003 · reappointed Jun 2023 · 1 listed board
  • Vyas Mitre RalliIndependent · joined Dec 2009 · reappointed May 2022 · 53 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Jinendra Kumar JainIndependent · joined Feb 2023 · 43 months as independent · 1 listed board · 1 as independent
  • Sunil Katial · Chief executiveExecutive · joined Apr 2020 · reappointed Mar 2023 · 1 listed board · 1 committee seat
  • Radha Kejriwal AgarwalExecutive · joined Feb 2022 · reappointed Feb 2025 · 1 listed board
  • Nityangi Kejriwal JaiswalExecutive · joined Feb 2022 · reappointed Feb 2025 · 1 listed board
  • Priya Manjari TodiExecutive · joined Feb 2022 · reappointed Feb 2025 · 1 listed board
  • Madhav KejriwalExecutive · joined Feb 2022 · reappointed Feb 2025 · 1 listed board
  • Bal Kishan ChoudhuryIndependent · joined Feb 2022 · 55 months as independent · 1 listed board · 1 as independent
  • Virendra SinhaIndependent · joined Feb 2022 · 55 months as independent · 3 listed boards · 3 as independent · 1 committee seat, 2 as chair
  • Sangeeta SinghIndependent · joined Oct 2024 · 23 months as independent · 4 listed boards · 4 as independent · 2 committee seats, 2 as chair
  • Bikramjit GhoshIndependent · joined Aug 2025 · 13 months as independent · 2 listed boards · 2 as independent · 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.

2 directors who left
  • Ashutosh Agarwal, left 10 Aug 2026: Others
  • Ajay Kumar, left 15 May 2025: Others

Committees and meetings

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

  • Board

    • 7 Aug 202618 of 18 present9 independent · 80 days in between
    • 18 May 202618 of 18 present9 independent

  • Audit Committee

    Chair Jinendra Kumar Jain

    Rajkumar Khanna, Sunil Katial, Amrendra Prasad Verma, Mohua Banerjee

    • 7 Aug 20265 of 5 present4 independent · 80 days in between
    • 18 May 20265 of 5 present4 independent

  • Nomination and remuneration committee

    Chair Jinendra Kumar Jain

    Vyas Mitre Ralli, Rajkumar Khanna

    • 7 Aug 20263 of 3 present3 independent · 80 days in between
    • 18 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Jinendra Kumar Jain

    Vyas Mitre Ralli, Mayank Kejriwal, Mohua Banerjee

    • 7 Aug 20264 of 4 present3 independent · 80 days in between
    • 18 May 20264 of 4 present3 independent

  • Risk Management Committee

    Chair Bal Kishan Choudhury

    Sunil Katial, Vyas Mitre Ralli

    • 18 May 20263 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair Jinendra Kumar Jain

    Vyas Mitre Ralli, Umang Kejriwal

    • 7 Aug 20263 of 3 present2 independent · 80 days in between
    • 18 May 20263 of 3 present2 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.

  • Lodha & Co LLPPeer-review certificate valid to Mar 2027

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

Electrosteel Castings 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.Electrosteel Castings dividend history

Annual general meeting, 31 Aug 2026

1,81,890 shareholders on the register on 24 Aug 2026; present: 0 promoters and 86 others; votes counted by Rashmi Bihani / M/s. Bihani Rashmi & Co., Chartered Accountant.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31 March, 2026, together with the Reports of the Directors and Auditors thereon
    Ordinary
    94.90% for5.10% against

    Against: promoters 0.00% · institutions 34.63% · other public 1.38%

    Turnout: all 58.89% · promoters 100.00% · institutions 66.23% · other public 0.20%

  2. To consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31 March, 2026, together with the Report of the Auditors thereon
    Ordinary
    94.67% for5.33% against

    Against: promoters 0.00% · institutions 36.13% · other public 1.38%

    Turnout: all 58.89% · promoters 100.00% · institutions 66.23% · other public 0.20%

  3. To declare a Final Dividend of Re. 0.90 (i.e., 90%) per share on the Equity Shares of face value of Re. 1/- each of the Company, for the Financial Year ended 31 March, 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.38%

    Turnout: all 58.92% · promoters 100.00% · institutions 66.45% · other public 0.20%

  4. To re-appoint Mrs. Priya Manjari Todi (DIN: 01863690), who retires by rotation and being eligible, offers herself for re-appointment as a Director of the Company.
    OrdinaryPromoters have an interest in it
    99.66% for0.34% against

    Against: promoters 0.00% · institutions 2.27% · other public 7.26%

    Turnout: all 58.90% · promoters 99.97% · institutions 66.45% · other public 0.20%

  5. To re-appoint Mrs. Radha Kejriwal Agarwal (DIN: 02758092), who retires by rotation and being eligible, offers herself for re-appointment as a Director of the Company.
    OrdinaryPromoters have an interest in it
    99.66% for0.34% against

    Against: promoters 0.00% · institutions 2.27% · other public 7.23%

    Turnout: all 58.92% · promoters 100.00% · institutions 66.45% · other public 0.20%

  6. Ratification of remuneration of M/s. S G & Associates and M/s. Narasimha Murthy & Co. as joint Cost Auditors of the Company, for the Financial Year 2026-27
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.17%

    Turnout: all 58.92% · promoters 100.00% · institutions 66.45% · other public 0.20%

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, 13 Aug 2026, 2 resolutions

1,83,823 shareholders on the register on 10 Jul 2026; votes counted by Rashmi Bihani / M/s. Bihani Rashmi & Co., Chartered Accountant.The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Uddhav Kejriwal (DIN: 00066077) as a Whole-time Director of the Company
    SpecialPromoters have an interest in it
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.05% · other public 1.67%

    Turnout: all 30.90% · promoters 41.22% · institutions 67.09% · other public 3.50%

  2. Revision in tenure of Mrs. Priya Manjari Todi as a Whole-time Director of the Company
    SpecialPromoters have an interest in it
    93.43% for6.57% against

    Against: promoters 0.00% · institutions 38.01% · other public 1.78%

    Turnout: all 52.15% · promoters 83.61% · institutions 67.09% · other public 3.50%

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, 12 Apr 2026, 1 resolution

1,83,154 shareholders on the register on 6 Mar 2026; votes counted by Rashmi Bihani / M/s. Bihani Rashmi & Co., Chartered Accountant.The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Sunil Katial (DIN: 07180348) as a Whole-time Director and Chief Executive Officer (CEO) of the Company
    Special
    94.98% for5.02% against

    Against: promoters 0.00% · institutions 23.06% · other public 1.36%

    Turnout: all 60.54% · promoters 100.00% · institutions 65.88% · other public 3.65%

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

Postal ballot, 16 Nov 2025, 1 resolution

1,90,292 shareholders on the register on 10 Oct 2025; votes counted by Rashmi Bihani / M/s. Bihani Rashmi & Co., Chartered Accountant.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Bikramjit Ghosh (DIN: 00164178) as an Independent Director of the Company
    Special
    99.49% for0.51% against

    Against: promoters 0.00% · institutions 3.28% · other public 4.94%

    Turnout: all 54.18% · promoters 100.00% · institutions 35.93% · other public 2.55%

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, 27 Aug 2025, 8 resolutions

1,90,204 shareholders on the register on 20 Aug 2025; present: 0 promoters and 58 others; votes counted by Rashmi Bihani / M/s. Bihani Rashmi & Co., Chartered Accountant.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31 March, 2025, together with the Reports of the Directors and Auditors thereon
    Ordinary
    88.19% for11.81% against

    Against: promoters 0.00% · institutions 89.24% · other public 0.86%

    Turnout: all 53.36% · promoters 100.00% · institutions 35.31% · other public 0.26%

  2. To consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31 March, 2025, together with the Report of the Auditors thereon
    Ordinary
    88.19% for11.81% against

    Against: promoters 0.00% · institutions 89.24% · other public 0.82%

    Turnout: all 53.36% · promoters 100.00% · institutions 35.31% · other public 0.26%

  3. To declare a Final Dividend of Re. 1.40 (i.e., 140%) per share on the Equity Shares of face value of Re. 1/- each of the Company, for the Financial Year ended 31 March, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.87%

    Turnout: all 53.39% · promoters 100.00% · institutions 35.45% · other public 0.26%

  4. To re-appoint Mr. Sunil Katial (DIN: 07180348), who retires by rotation and being eligible, offers himself for re-appointment as a Director of the Company.
    Ordinary
    87.60% for12.40% against

    Against: promoters 0.00% · institutions 93.29% · other public 3.72%

    Turnout: all 53.39% · promoters 100.00% · institutions 35.45% · other public 0.26%

  5. To re-appoint Mr. Uddhav Kejriwal (DIN: 00066077), who retires by rotation and being eligible, offers himself for re-appointment as a Director of the Company.
    OrdinaryPromoters have an interest in it
    89.09% for10.91% against

    Against: promoters 0.00% · institutions 80.64% · other public 3.65%

    Turnout: all 52.46% · promoters 97.99% · institutions 35.45% · other public 0.26%

  6. Ratification of remuneration of M/s. S G & Associates and M/s. Narasimha Murthy & Co. as joint Cost Auditors of the Company, for the Financial Year 2025-26
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.58%

    Turnout: all 53.39% · promoters 100.00% · institutions 35.45% · other public 0.26%

  7. Approval for appointment of M/s MKB & Associates, Company Secretaries as Secretarial Auditor of the Company.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.11%

    Turnout: all 53.39% · promoters 100.00% · institutions 35.45% · other public 0.26%

  8. Re-appointment of Mr. Rajkumar Khanna (DIN: 05180042) as an Independent Director of the Company for a second term of five years.
    Special
    88.24% for11.76% against

    Against: promoters 0.00% · institutions 88.46% · other public 4.09%

    Turnout: all 53.39% · promoters 100.00% · institutions 35.45% · other public 0.26%

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, 12 Feb 2025, 7 resolutions

1,72,374 shareholders on the register on 3 Jan 2025; votes counted by Rashmi Bihani / M/s. Bihani Rashmi & Co., Chartered Accountant.The company's voting result (opens in a new tab)

  1. Payment of remuneration to Mr. Umang Kejriwal (DIN:00065173), Managing Director of the Company for the period from 1 April, 2025 to 31 March, 2027
    SpecialPromoters have an interest in it
    98.88% for1.12% against

    Against: promoters 0.00% · institutions 4.39% · other public 0.68%

    Turnout: all 55.62% · promoters 83.13% · institutions 65.90% · other public 10.76%

  2. Payment of remuneration to Mr. Mayank Kejriwal (DIN:00065980), Joint Managing Director of the Company for the period from 1 April, 2025 to 31 March, 2027
    SpecialPromoters have an interest in it
    98.85% for1.15% against

    Against: promoters 0.00% · institutions 4.39%

    Turnout: all 78.11% · promoters 83.57% · institutions 65.90%

  3. Re-appointment of Mrs. Priya Manjari Todi (DIN: 01863690) as a Whole-time Director of the Company and remuneration thereof
    SpecialPromoters have an interest in it
    90.49% for9.51% against

    Against: promoters 0.00% · institutions 38.21% · other public 0.69%

    Turnout: all 55.03% · promoters 83.57% · institutions 65.90% · other public 8.37%

  4. Re-appointment of Mrs. Radha Kejriwal Agarwal (DIN: 02758092) as a Whole-time Director of the Company and remuneration thereof
    SpecialPromoters have an interest in it
    98.59% for1.41% against

    Against: promoters 0.00% · institutions 5.55% · other public 0.72%

    Turnout: all 55.03% · promoters 83.57% · institutions 65.90% · other public 8.37%

  5. Re-appointment of Mrs. Nityangi Kejriwal Jaiswal (DIN: 07129444) as a Whole-time Director of the Company and remuneration thereof
    SpecialPromoters have an interest in it
    98.58% for1.42% against

    Against: promoters 0.00% · institutions 5.55% · other public 0.95%

    Turnout: all 55.03% · promoters 83.57% · institutions 65.90% · other public 8.37%

  6. Re-appointment of Mr. Madhav Kejriwal (DIN: 07293471) as a Whole-time Director of the Company and remuneration thereo
    SpecialPromoters have an interest in it
    98.58% for1.42% against

    Against: promoters 0.00% · institutions 5.55% · other public 0.95%

    Turnout: all 55.03% · promoters 83.57% · institutions 65.90% · other public 8.36%

  7. Re-appointment of Mr. Ashutosh Agarwal (DIN: 00115092) as a Whole-time Director and Chief Financial Officer of the Company and remuneration thereof
    Special
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.71% · other public 0.29%

    Turnout: all 63.42% · promoters 100.00% · institutions 65.90% · other public 10.79%

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, 10 Feb 2025, 7 resolutions

1,72,374 shareholders on the register on 3 Jan 2025; votes counted by Rashmi Bihani / M/s. Bihani Rashmi & Co., Chartered Accountant.The company's voting result (opens in a new tab)

  1. Payment of remuneration to Mr. Umang Kejriwal (DIN:00065173), Managing Director of the Company for the period from 1 April, 2025 to 31 March, 2027
    SpecialPromoters have an interest in it
    98.88% for1.12% against

    Against: promoters 0.00% · institutions 4.39% · other public 0.68%

    Turnout: all 55.62% · promoters 83.13% · institutions 65.90% · other public 10.76%

  2. Payment of remuneration to Mr. Mayank Kejriwal (DIN:00065980), Joint Managing Director of the Company for the period from 1 April, 2025 to 31 March, 2027
    SpecialPromoters have an interest in it
    98.85% for1.15% against

    Against: promoters 0.00% · institutions 4.39%

    Turnout: all 78.11% · promoters 83.57% · institutions 65.90%

  3. Re-appointment of Mrs. Priya Manjari Todi (DIN: 01863690) as a Whole-time Director of the Company and remuneration thereof
    SpecialPromoters have an interest in it
    90.49% for9.51% against

    Against: promoters 0.00% · institutions 38.21% · other public 0.69%

    Turnout: all 55.03% · promoters 83.57% · institutions 65.90% · other public 8.37%

  4. Re-appointment of Mrs. Radha Kejriwal Agarwal (DIN: 02758092) as a Whole-time Director of the Company and remuneration thereof
    SpecialPromoters have an interest in it
    98.59% for1.41% against

    Against: promoters 0.00% · institutions 5.55% · other public 0.72%

    Turnout: all 55.03% · promoters 83.57% · institutions 65.90% · other public 8.37%

  5. Re-appointment of Mrs. Nityangi Kejriwal Jaiswal (DIN: 07129444) as a Whole-time Director of the Company and remuneration thereof
    SpecialPromoters have an interest in it
    98.58% for1.42% against

    Against: promoters 0.00% · institutions 5.55% · other public 0.95%

    Turnout: all 55.03% · promoters 83.57% · institutions 65.90% · other public 8.37%

  6. Re-appointment of Mr. Madhav Kejriwal (DIN: 07293471) as a Whole-time Director of the Company and remuneration thereo
    SpecialPromoters have an interest in it
    98.58% for1.42% against

    Against: promoters 0.00% · institutions 5.55% · other public 0.95%

    Turnout: all 55.03% · promoters 83.57% · institutions 65.90% · other public 8.36%

  7. Re-appointment of Mr. Ashutosh Agarwal (DIN: 00115092) as a Whole-time Director and Chief Financial Officer of the Company and remuneration thereof
    Special
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.71% · other public 0.29%

    Turnout: all 63.42% · promoters 100.00% · institutions 65.90% · other public 10.79%

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, 25 Jan 2025, 1 resolution

1,70,694 shareholders on the register on 20 Dec 2024; votes counted by Rashmi Bihani / M/s. Bihani Rashmi & Co., Chartered Accountant.The company's voting result (opens in a new tab)

  1. Appointment of Mrs. Sangeeta Singh (DIN: 10593952) as an Independent Director of the Company.
    Special
    99.65% for0.35% against

    Against: promoters 0.00% · institutions 2.43% · other public 0.23%

    Turnout: all 57.85% · promoters 100.00% · institutions 38.83% · other public 10.82%

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

  • To consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31 March, 2026, together with the Reports of the Directors and Auditors thereon
    1 for0 against
  • To consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31 March, 2026, together with the Report of the Auditors thereon
    Against Angel One Mutual Fund
    • Angel One Mutual FundNon-disclosure of financial statements of all Subsidiary Companies on website of the Company for FY 2025-26.
    0 for1 against
  • To declare a Final Dividend of Re. 0.90 (i.e., 90%) per share on the Equity Shares of face value of Re. 1/- each of the Company, for the Financial Year ended 31 March, 2026
    1 for0 against
  • To re-appoint Mrs. Priya Manjari Todi (DIN: 01863690), who retires by rotation and being eligible, offers herself for re-appointment as a Director of the Company.
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance Concern: Aggregate attendance at Board meetings during last 3 FYs is low and no justification has been provided by the Company for her leave of absence; Excessive number of Executive Directors on the board. Board size appears to be stressed to accommodate the promoter family.
    0 for1 against
  • To re-appoint Mrs. Radha Kejriwal Agarwal (DIN: 02758092), who retires by rotation and being eligible, offers herself for re-appointment as a Director of the Company.
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance Concern: Excessive number of Executive Directors on the board. Board size appears to be stressed to accommodate the promoter family;
    0 for1 against
  • Ratification of remuneration of M/s. S G & Associates and M/s. Narasimha Murthy & Co. as joint Cost Auditors of the Company, for the Financial Year 2026-27
    1 for0 against

Mutual fund votes, meeting of 13 Aug 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)

  • Re-appointment of Mr. Uddhav Kejriwal (DIN: 00066077) as a Whole-time Director of the Company
    1 for0 against
  • Revision in tenure of Mrs. Priya Manjari Todi as a Whole-time Director of the Company
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance Concern: Excessive number of Executive Directors on the board. Board size appears to be stressed to accommodate the promoter family; Aggregate attendance at Board meetings during last 3 FYs is low and no justification has been provided by the Company for her leave of absence
    0 for1 against
5 earlier meetings

Mutual fund votes, meeting of 12 Apr 2026, 5 fund houses

  • Re-appointment of Mr. Sunil Katial (DIN: 07180348) as a Whole-time Director and Chief Executive Officer (CEO) of the Company
    5 for0 against

Mutual fund votes, meeting of 16 Nov 2025, 5 fund houses

  • Appointment of Mr. Bikramjit Ghosh (DIN: 00164178) as an Independent Director of the Company
    5 for0 against

Mutual fund votes, meeting of 27 Aug 2025, 5 fund houses

  • To consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31 March, 2025, together with the Reports of the Directors and Auditors thereon
    Against Mirae Asset Mutual Fund
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    4 for1 against
  • To consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31 March, 2025, together with the Report of the Auditors thereon
    Against Mirae Asset Mutual Fund
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    4 for1 against
  • To declare a Final Dividend of Re. 1.40 (i.e., 140%) per share on the Equity Shares of face value of Re. 1/- each of the Company, for the Financial Year ended 31 March, 2025
    5 for0 against
  • To re-appoint Mr. Sunil Katial (DIN: 07180348), who retires by rotation and being eligible, offers himself for re-appointment as a Director of the Company.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Board is non-compliant with the requirement of Independent Directors.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merits of the appointee. Governance Concern: Board is non-compliant with the requirement of Independent Directors.
    1 for4 against
  • To re-appoint Mr. Uddhav Kejriwal (DIN: 00066077), who retires by rotation and being eligible, offers himself for re-appointment as a Director of the Company.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Board is non-compliant with the requirement of Independent Directors; Excessive number of Executive Directors on the board. Board size appears to stressed to accommodate promoter family.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merits of the appointee. Governance Concern: Board is non-compliant with the requirement of Independent Directors; Excessive number of EDs on the board. Board size appears to stressed to accommodate promoter family.
    1 for4 against
  • Ratification of remuneration of M/s. S G & Associates and M/s. Narasimha Murthy & Co. as joint Cost Auditors of the Company, for the Financial Year 2025-26
    5 for0 against
  • Approval for appointment of M/s MKB & Associates, Company Secretaries as Secretarial Auditor of the Company.
    5 for0 against
  • Re-appointment of Mr. Rajkumar Khanna (DIN: 05180042) as an Independent Director of the Company for a second term of five years.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundPrior approval of shareholders not obtained for re-appointment as an Independent Director. Governance concern: Prolonged association with the Group. Board is noncompliant with the requirement of Independent Directors.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on the merits of the proposed appointee. Non-Compliance: Re-appointment is not in accordance with law, prior approval of shareholders not obtained for re-appointment as an ID. Governance concern: Prolonged association with the Group. Board is non-compliant with the requirement of Independent Directors.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    0 for5 against

Mutual fund votes, meeting of 10 Feb 2025, 4 fund houses

  • Payment of remuneration to Mr. Mayank Kejriwal (DIN: 00065980), Joint Managing Director of the Company for the period from 1 April, 2025 to 31 March, 2027.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merits of the Director. Governance Concern: Excessive number of EDs on the Board. Board size appears to be stressed to accommodate the promoter family. No cap on Variable Pay.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    0 for4 against
  • Payment of remuneration to Mr. Umang Kejriwal (DIN: 00065173), Managing Director of the Company for the period from 1 April, 2025 to 31 March, 2027.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merits of the Director. Governance Concern: Excessive number of EDs on the Board. Board size appears to be stressed to accommodate the promoter family. No cap on Variable Pay.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    0 for4 against
  • Re-appointment of Mr. Ashutosh Agarwal (DIN: 00115092) as the Whole- time Director and Chief Financial Officer of the Company, for a term of 3 (three) consecutive years, with effect from 3 January, 2025 and including remuneration.MoreLess
    4 for0 against
  • Re-appointment of Mr. Madhav Kejriwal (DIN: 07293471) as the Whole- time Director of the Company, for a term of 5 (five) consecutive years, with effect from 14 February, 2025 and including remuneration.MoreLess
    Against Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundRe-appointment compliant with law. No concern on the merits of the Director. Governance Concern: Excessive number of EDs on the Board. Board size appears to be stressed to accommodate the promoter family.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    0 for4 against
  • Re-appointment of Mrs. Nityangi Kejriwal Jaiswal (DIN: 07129444) as the Whole- time Director of the Company, for a term of 5 (five) consecutive years, with effect from 14 February, 2025 and including remuneration.MoreLess
    Against Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundRe-appointment compliant with law. No concern on the merits of the Director. Governance Concern: Excessive number of EDs on the Board. Board size appears to be stressed to accommodate the promoter family. 2 Full-Time Positions in unrelated business.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    0 for4 against
  • Re-appointment of Mrs. Priya Manjari Todi (DIN: 01863690) as the Whole- time Director of the Company, for a term of 3 (three) consecutive years, with effect from 14 February, 2025 and including remuneration.MoreLess
    Against Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundRe-appointment compliant with law. No concern on the merits of the Director. Governance Concern: Excessive number of EDs on the Board. Board size appears to be stressed to accommodate the promoter family.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    0 for4 against
  • Re-appointment of Mrs. Radha Kejriwal Agarwal (DIN: 02758092) as the Whole- time Director of the Company, for a term of 5 (five) consecutive years, with effect from 14 February, 2025 and including remuneration.MoreLess
    Against Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundRe-appointment compliant with law. No concern on the merits of the Director. Governance Concern: Excessive number of EDs on the Board. Board size appears to be stressed to accommodate the promoter family.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    0 for4 against

Mutual fund votes, meeting of 25 Jan 2025, 5 fund houses

  • Appointment of Mrs. Sangeeta Singh (DIN: 10593952) as an Independent Director of the Company.
    5 for0 against

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

Stakes in unlisted companies

Reported in the filing for the quarter to Sep 2026.

  • Unlisted stake boughtArabian Water Tech LLCSince 19 Sep 2026

    70.00% bought in the quarter; holding 70.00%, from 0.00%

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
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.