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eMudhra MD, chairman, board of directors and AGM

NSE: EMUDHRABSE: 543533IT - ServicesSmall Cap

Last close ₹353.70up ₹8.10 (2.34%)BSE ₹353.35

Share price at the NSE close on 23 Oct 2026. Previous close ₹345.60.

52-week range of traded prices to 23 Oct 2026
₹331.00Low, 23 Oct 2026₹681.60High, 22 Sep 2026
Market cap
₹2,929 Cr870th largest listed
P/E
Earlier quarters restated in the year
P/B
3.2
Dividend yield
0.35%
ROCE
14.4%
Debt to equity
0.03
Volume, NSE
67,96,83414.6% delivered

eMudhra 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

  • ChairpersonVenkatraman SrinivasanRelated to the promoter
  • Company Secretary and Compliance OfficerJohnson Xavier

9 directors5 independent3 executive1 non-executive

  • Venkatraman Srinivasan · ChairpersonExecutive · joined Jun 2008 · reappointed May 2026 · 1 listed board · 2 committee seats
  • Nandlal Laxminarayan SardaIndependent · joined Jun 2018 · reappointed Jun 2023 · 99 months as independent · 1 listed board · 1 as independent
  • Chandra Lakshminarayan IyerIndependent · joined Aug 2021 · reappointed Aug 2026 · 61 months as independent · 1 listed board · 1 as independent · 3 committee seats, 1 as chair
  • Chandrasekar PadmanabhanIndependent · joined Nov 2021 · reappointed Nov 2021 · 58 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Venkatadri ChandrasekaranIndependent · joined Apr 2025 · reappointed Apr 2025 · 17 months as independent · 5 listed boards · 5 as independent · 5 committee seats, 1 as chair
  • Shivanand Rama ShettigarIndependent · joined Apr 2025 · reappointed Apr 2025 · 17 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Venu MadhavaExecutive · joined Jan 2014 · reappointed Apr 2023 · 1 listed board
  • Kaushik SrinivasanExecutive · joined Apr 2026 · 1 listed board
  • Arvind SrinivasanNon-executive · joined Apr 2026 · 1 listed board

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.

1 director who left
  • Manoj Pundalik Kunkalienkar, left 31 Mar 2025: Tenure Completion

Committees and meetings

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

  • Board

    • 29 Jul 20269 of 9 present5 independent · 83 days in between
    • 6 May 20269 of 9 present5 independent

  • Audit Committee

    Chair Chandrasekar Padmanabhan

    Venkatadri Chandrasekaran, Venkatraman Srinivasan

    • 29 Jul 20263 of 3 present2 independent · 83 days in between
    • 6 May 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Nandlal Laxminarayan Sarda

    Chandra Lakshminarayan Iyer, Venkatadri Chandrasekaran

    • 6 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Shivanand Rama Shettigar

    Venkatraman Srinivasan, Chandrasekar Padmanabhan

    • 6 May 20263 of 3 present2 independent

  • Risk Management Committee

    Chair Nandlal Laxminarayan Sarda

    Venkatraman Srinivasan, Venu Madhava

    • 29 Jul 20263 of 3 present1 independent · 83 days in between

  • Corporate Social Responsibility Committee

    Chair Chandra Lakshminarayan Iyer

    Shivanand Rama Shettigar, Venkatraman Srinivasan

    • 6 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.

  • Suri & Co.Peer-review certificate valid to Apr 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.

eMudhra 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.eMudhra dividend history

Annual general meeting, 25 Jun 2026

71,301 shareholders on the register on 18 Jun 2026; present: 5 promoters and 72 others; votes counted by S P NAGARAJAN / S P NAGARAJAN.The company's voting result (opens in a new tab)

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

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

    Turnout: all 76.25% · promoters 100.00% · institutions 70.86% · other public 36.90%

  2. To declare Dividend on Equity Shares for the financial year 2025-26
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.25% · promoters 100.00% · institutions 70.86% · other public 36.90%

  3. To Appoint a director in place of Mr. Venu Madhava (DIN: 06748204), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.25% · promoters 100.00% · institutions 70.86% · other public 36.90%

  4. To re-appoint Mrs. Chandra Iyer (DIN:08111743) as an independent director of the company.
    Special
    100.00% for0.00% against

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

    Turnout: all 76.25% · promoters 100.00% · institutions 70.86% · other public 36.90%

  5. To re-appoint Mr. Chandrasekar Padmanabhan (DIN:00503673) as an Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 76.25% · promoters 100.00% · institutions 70.86% · other public 36.90%

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 Mar 2026, 3 resolutions

77,372 shareholders on the register on 6 Feb 2026; votes counted by S P NAGARAJAN / S P NAGARAJAN.The company's voting result (opens in a new tab)

  1. Reappointment of Mr. Venkatraman Srinivasan (DIN:00640646) as Executive Chairman of the company, who is attaining the age of 70 years on May 26, 2026
    SpecialPromoters have an interest in it
    99.12% for0.88% against

    Against: promoters 0.00% · institutions 6.42% · other public 0.01%

    Turnout: all 76.56% · promoters 100.00% · institutions 55.11% · other public 43.91%

  2. Appointment of Mr. Kaushik Srinivasan (DIN:02634925) as a Whole-Time Director
    SpecialPromoters have an interest in it
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 1.28% · other public 0.18%

    Turnout: all 76.56% · promoters 100.00% · institutions 55.11% · other public 43.91%

  3. Appointment of Mr. Arvind Srinivasan(DIN: 02547313) as a Director
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.17% · other public 0.01%

    Turnout: all 76.56% · promoters 100.00% · institutions 55.11% · other public 43.91%

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, 25 Jun 2025, 8 resolutions

81,521 shareholders on the register on 18 Jun 2025; present: 4 promoters and 73 others; votes counted by S.P.NAGARAJAN / S.P. NAGARAJAN.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a. The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon; and b. The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    91.05% for8.95% against

    Against: promoters 0.00% · institutions 65.75% · other public 0.00%

    Turnout: all 77.01% · promoters 100.00% · institutions 52.10% · other public 47.59%

  2. To declare Dividend on Equity Shares for the financial year 2024-25
    Ordinary
    91.05% for8.95% against

    Against: promoters 0.00% · institutions 65.75% · other public 0.00%

    Turnout: all 77.01% · promoters 100.00% · institutions 52.10% · other public 47.59%

  3. To appoint a director in place of Mr. Venu Madhava (DIN: 06748204), who retires by rotation and, being eligible, offers himself for re-appointment.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 77.01% · promoters 100.00% · institutions 52.10% · other public 47.59%

  4. To appoint Mr. Venkatadri Chandrasekaran (DIN: 03126243) as an Independent Director of the Company
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.27% · other public 0.10%

    Turnout: all 77.01% · promoters 100.00% · institutions 52.10% · other public 47.59%

  5. To appoint Mr. Shivanand Rama Shettigar (DIN: 00209835) as an Independent Director of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 77.01% · promoters 100.00% · institutions 52.10% · other public 47.59%

  6. To appoint Secretarial Auditor of the Company
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 77.01% · promoters 100.00% · institutions 52.10% · other public 47.59%

  7. To approve and adopt Employee Stock Option/Restricted Stock Unit Scheme called “eMudhra ESOP/RSU Scheme 2025” for grant of employee stock options/restricted stock units to the eligible employees and directors of the companyMoreLess
    Special
    91.00% for9.00% against

    Against: promoters 0.00% · institutions 66.11% · other public 0.00%

    Turnout: all 77.01% · promoters 100.00% · institutions 52.10% · other public 47.59%

  8. To approve granting of ESOPs/RSUs to the employees / directors of subsidiary(ies) of the Company (In India and Overseas) under the “eMudhra ESOP/RSU Scheme 2025” (2025 Scheme)
    Special
    91.02% for8.98% against

    Against: promoters 0.00% · institutions 65.94% · other public 0.00%

    Turnout: all 77.01% · promoters 100.00% · institutions 52.10% · other public 47.59%

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 Jun 2024, 3 resolutions

Present: 4 promoters and 81 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt:na. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon; andnb. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.96% · promoters 100.00% · institutions 62.00% · other public 44.56%

  2. To Declare Dividend on Equity Shares for the financial year 2023-24.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.96% · promoters 100.00% · institutions 62.00% · other public 44.56%

  3. To appoint a director in place of Mr. Venu Madhava (DIN: 06748204), who retires by rotation and, being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.96% · promoters 100.00% · institutions 62.00% · other public 44.56%

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

Extraordinary general meeting, 22 Sep 2023, 1 resolution

Present: 4 promoters and 75 others.The company's voting result (opens in a new tab)

  1. TO APPROVE RAISING OF FUNDS IN ONE OR MORE TRANCHES, BY ISSUANCE OF EQUITY SHARES AND/OR OTHER ELIGIBLE SECURITIES.
    Special
    100.00% for0.00% against

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

    Turnout: all 80.82% · promoters 100.00% · institutions 80.30% · other public 43.55%

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, 29 Jun 2023, 5 resolutions

Present: 4 promoters and 62 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and the Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023, together with the Report of the Auditors thereon.nMoreLess
    Ordinary
    95.15% for4.85% against

    Against: promoters 0.00% · institutions 36.82% · other public 0.00%

    Turnout: all 81.47% · promoters 100.00% · institutions 76.10% · other public 46.24%

  2. To Declare Dividend on Preference Shares and Equity Shares for the financial year 2022-23.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 81.47% · promoters 100.00% · institutions 76.10% · other public 46.24%

  3. To appoint a director in place of Mr. Venu Madhava (DIN: 06748204), who retires by rotation and, being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 81.47% · promoters 100.00% · institutions 76.10% · other public 46.24%

  4. Re-appointment of Dr Nandlal Laxminarayan Sarda (DIN: 00147782) as an Independent Director of the Company.
    Special
    95.15% for4.85% against

    Against: promoters 0.00% · institutions 36.82% · other public 0.00%

    Turnout: all 81.47% · promoters 100.00% · institutions 76.10% · other public 46.24%

  5. Re-appointment of Mr. Venu Madhava (DIN: 06748204) as a Whole-Time Director of the Company.
    Special
    100.00% for0.00% against

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

    Turnout: all 81.47% · promoters 100.00% · institutions 76.10% · other public 46.24%

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, 5 Aug 2022, 5 resolutions

Present: 4 promoters and 50 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt:na. The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2022, together with the Reports of the Board of Directors and the Auditors thereon; andnb. The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2022, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    95.77% for4.23% against

    Against: promoters 0.00% · institutions 27.69% · other public 0.00%

    Turnout: all 82.82% · promoters 100.00% · institutions 84.19% · other public 38.15%

  2. To Declare Dividend on Preference Shares and Equity Shares for the financial year 2021-22
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.82% · promoters 100.00% · institutions 84.19% · other public 38.15%

  3. To appoint a director in place of Mr. Venu Madhava (DIN: 06748204), who retires by rotation and, being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.82% · promoters 100.00% · institutions 84.19% · other public 38.15%

  4. Appointment of Statutory Auditors
    Ordinary
    94.11% for5.89% against

    Against: promoters 0.00% · institutions 38.57% · other public 0.00%

    Turnout: all 82.82% · promoters 100.00% · institutions 84.19% · other public 38.15%

  5. Approval of ESOP Scheme 2016
    Special
    94.06% for5.94% against

    Against: promoters 0.00% · institutions 40.63% · other public 0.02%

    Turnout: all 82.17% · promoters 100.00% · institutions 79.92% · other public 38.15%

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 25 Jun 2026, 3 fund houses

  • To receive, consider and adopt: a. The Audited Standalone 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; and b. The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon.MoreLess
    3 for0 against
  • To declare Dividend on Equity Shares for the financial year 2025-26
    3 for0 against
  • To Appoint a director in place of Mr. Venu Madhava (DIN: 06748204), who retires by rotation and being eligible, offers himself for re-appointment.
    3 for0 against
  • To re-appoint Mrs. Chandra Iyer (DIN:08111743) as an independent director of the company.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundRole as NRC member in Board non-compliance w.r.t. retiring directors
    2 for1 against
  • To re-appoint Mr. Chandrasekar Padmanabhan (DIN:00503673) as an Independent Director of the Company
    3 for0 against

Mutual fund votes, meeting of 13 Mar 2026, 7 fund houses

  • Reappointment of Mr. Venkatraman Srinivasan (DIN:00640646) as Executive Chairman of the company, who is attaining the age of 70 years on May 26, 2026
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance concern: Holding both the positions of Chairman and Executive Director by the same person may lead to concentration of powers in the hands of single person.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merits of the proposed appointee. Governance concern: Mr. Venkatraman Srinivasan holding a combined position of Executive Director and Chairman. As a good corporate governance practices the Company should have separated the position of chairman from the executive position as holding both the positions of Chairman and Executive Director by the same person may lead to concentration of powers in the hands of single person.
    3 for4 against
  • Appointment of Mr. Kaushik Srinivasan (DIN:02634925) as a Whole-Time Director
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance concern: proposed appointment as non-retiring directors is adding to the non compliance with requirement of director to retire by rotation.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merits of the proposed appointee. Governance concern: The appointment of Mr. Kaushik Srinivasan as a non-retiring director would result in the composition of the Board becoming non-compliant under Section 152 of the Companies Act, 2013.
    3 for4 against
  • Appointment of Mr. Arvind Srinivasan(DIN: 02547313) as a Director
    7 for0 against
5 earlier meetings

Mutual fund votes, meeting of 25 Jun 2025, 7 fund houses

  • To receive, consider and adopt: a. The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon; and b. The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.MoreLess
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual FundGovernance Concern: Undisputed statutory dues unpaid for more than 2 years.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundUnqualified Financial Statements. Governance Concern: Undisputed Statutory dues unpaid for more than 2 years.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Nippon India Mutual FundUnqualified financial statements.
    1 for6 against
  • To declare Dividend on Equity Shares for the financial year 2024-25
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual FundGovernance Concern is raised in adoption of financial statements of the Company under resolution #1, dividend being appropriation post approval of accounts, cannot be paid if accounts are not voted FOR.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Sufficient funds available for payment of proposed dividend. Governance Concern is raised in adoption of financial statements of the Company under resolution #1, dividend being appropriation post approval of accounts, cannot be paid if accounts are not voted FOR.
    • Nippon India Mutual FundUnpaid undisputed statutory dues for >2 years
    2 for5 against
  • To appoint a director in place of Mr. Venu Madhava (DIN: 06748204), who retires by rotation and, being eligible, offers himself for re-appointment.
    7 for0 against
  • To appoint Mr. Venkatadri Chandrasekaran (DIN: 03126243) as an Independent Director of the Company
    7 for0 against
  • To appoint Mr. Shivanand Rama Shettigar (DIN: 00209835) as an Independent Director of the Company
    7 for0 against
  • To appoint Secretarial Auditor of the Company
    7 for0 against
  • To approve and adopt Employee Stock Option/Restricted Stock Unit Scheme called “eMudhra ESOP/RSU Scheme 2025” for grant of employee stock options/restricted stock units to the eligible employees and directors of the companyMoreLess
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundGovernance Concern: Inadequate disclosure
    6 for1 against
  • To approve granting of ESOPs/RSUs to the employees / directors of subsidiary(ies) of the Company (In India and Overseas) under the “eMudhra ESOP/RSU Scheme 2025” (2025 Scheme)
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundGovernance Concern: Inadequate disclosure
    6 for1 against

Mutual fund votes, meeting of 27 Jun 2024, 6 fund houses

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

  • To receive, consider and adopt:na. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon; andnb. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Report of the Auditors thereon.MoreLess
    5 for0 against
  • To Declare Dividend on Equity Shares for the financial year 2023-24.
    6 for0 against
  • To appoint a director in place of Mr. Venu Madhava (DIN: 06748204), who retires by rotation and, being eligible, offers himself for re-appointment.
    6 for0 against
1 proposal not matched to one resolution
  • Accept Financial Statements and Statutory Reports
    1 for0 against

Mutual fund votes, meeting of 22 Sep 2023, 4 fund houses

  • TO APPROVE RAISING OF FUNDS IN ONE OR MORE TRANCHES, BY ISSUANCE OF EQUITY SHARES AND/OR OTHER ELIGIBLE SECURITIES.
    4 for0 against

Mutual fund votes, meeting of 29 Jun 2023, 4 fund houses

  • To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and the Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023, together with the Report of the Auditors thereon.nMoreLess
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundInadequate disclosure
    3 for1 against
  • To Declare Dividend on Preference Shares and Equity Shares for the financial year 2022-23.
    4 for0 against
  • To appoint a director in place of Mr. Venu Madhava (DIN: 06748204), who retires by rotation and, being eligible, offers himself for re-appointment.
    4 for0 against
  • Re-appointment of Dr Nandlal Laxminarayan Sarda (DIN: 00147782) as an Independent Director of the Company.
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundShareholder's approval not obtained on time for appointment of director
    3 for1 against
  • Re-appointment of Mr. Venu Madhava (DIN: 06748204) as a Whole-Time Director of the Company.
    4 for0 against

Mutual fund votes, meeting of 5 Aug 2022, 4 fund houses

  • To receive, consider and adopt:na. The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2022, together with the Reports of the Board of Directors and the Auditors thereon; andnb. The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2022, together with the Report of the Auditors thereon.MoreLess
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundNon-disclosure of latest financial statements of Subsidiaries on the website
    3 for1 against
  • To Declare Dividend on Preference Shares and Equity Shares for the financial year 2021-22
    4 for0 against
  • To appoint a director in place of Mr. Venu Madhava (DIN: 06748204), who retires by rotation and, being eligible, offers himself for re-appointment
    4 for0 against
  • Appointment of Statutory Auditors
    Against Aditya Birla Sun Life Mutual Fund, Nippon India Mutual Fund
    • Aditya Birla Sun Life Mutual FundManohar Chowdhry & Associates have completed their tenure as statutory auditors of the company. They will continue as internal auditors of the company replacing Suri & Co who are now being appointed as statutory auditors of the company for five years starting from conclusion of 2022 AGM. As per Regulation 36(5) of SEBI’s LODR 2015, companies are mandated to disclose the terms of appointment/ reappointment of auditors, including the remuneration payable to them. The company has not made any disclosures on the proposed audit fees. Manohar Chowdhry & Associates were paid an audit fee including limited review of Rs 0.70 mn for FY22 (excluding applicable taxes, other matters and other out-of-pocket expenses) on a standalone basis; we expect the company to fix audit fees at similar levels. Suri & Co were the internal auditors of the company. However, their tenure as internal auditors of the company is unclear. In absence of this we are unable to establish the length of association of Suri & Co with the company.
    • Nippon India Mutual FundInadequate disclosure
    2 for2 against
  • Approval of ESOP Scheme 2016
    Against Aditya Birla Sun Life Mutual Fund, Nippon India Mutual Fund
    • Aditya Birla Sun Life Mutual FundThe ESOP Scheme 2016 was implemented in 2016, prior to its initial public offer of shares (IPO). Under the scheme, the remaining 603,801 options will be issued to the employees of the company. Exercise price shall be determined by the NRC which gives the NRC the flexibility to grant options at face value of Re. 5.0, which represents a significant discount to the current market price of Rs. 253.8. Further, in the past all options have been granted at face value. The company also seeks approval to reduce the exercise period from 10 years from date to grant to 6 months from date of vesting. We do not favour schemes where the exercise price is at a significant discount to market price. Stock options are ‘pay at risk’ options that employees accept at the time of grant. The inherent assumption of the scheme is that there could be possible downside risks – and that employees may not be rewarded in case of adverse stock price movements. Here the downside risk is protected if the options are issued at a significant discount.
    • Nippon India Mutual FundInadequate disclosure
    2 for2 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

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.

How money raised was used

Reported for the quarter to Mar 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.

RaisedAmount raisedForSet asideSpentSpent elsewhere
QIPJan 2024, checked by CRISIL Ratings Limited19.30Funding of expenditure relating to product development by the Company and by eMudhra INC, one of the Subsidiaries4.084.08No
QIPJan 2024, checked by CRISIL Ratings Limited19.30Investment in eMudhra INC for funding their working capital requirements2.702.70No
QIPJan 2024, checked by CRISIL Ratings Limited19.30Funding the Company's inorganic growth initiatives by itself or by investing in its Indian and /or Overseas Subsidiaries8.508.50No
QIPJan 2024, checked by CRISIL Ratings Limited19.30General corporate purposes4.024.02No
₹ 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.