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Endurance Technologies MD, chairman, board of directors and AGM

NSE: ENDURANCEBSE: 540153Auto ComponentsMid Cap

Last close ₹2,237.40down ₹92.30 (3.96%)BSE ₹2,239.25

Share price at the NSE close on 23 Oct 2026. Previous close ₹2,329.70.

52-week range of traded prices to 23 Oct 2026
₹2,142.80Low, 2 Apr 2026₹3,072.00High, 21 Aug 2026
Market cap
₹31,472 Cr243rd largest listed
P/E
32.4
P/B
4.6
Dividend yield
0.51%
ROE
15.4%
ROCE
15.5%
Debt to equity
0.19
Volume, NSE
77,06053.8% delivered

Endurance Technologies 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

  • ChairpersonIndrajit Banerjee
  • Managing directorAnurang Nareshchandra Jain
  • Company Secretary and Compliance OfficerSunil Lalai

10 directors5 independent3 executive2 non-executive

  • Indrajit Banerjee · ChairpersonIndependent · joined Feb 2021 · reappointed Feb 2026 · 64 months as independent · 2 listed boards · 2 as independent · 5 committee seats, 3 as chair
  • Anurang Nareshchandra Jain · Managing directorExecutive · joined Dec 1999 · reappointed Apr 2026 · 1 listed board · 1 committee seat
  • Satrajit RayNon-executive · joined Jun 2014 · 1 listed board · 1 committee seat
  • Rajendra Gopalrao AbhangeExecutive · joined Jun 2024 · 1 listed board
  • Massimo VenutiNon-executive · joined Dec 2016 · 1 listed board
  • Varsha Anurang JainExecutive · joined Nov 2020 · reappointed Nov 2025 · 1 listed board
  • Anant Jaivant TalaulicarIndependent · joined Jul 2021 · reappointed Jul 2021 · 59 months as independent · 5 listed boards · 4 as independent · 8 committee seats, 2 as chair
  • Alfredo AltavillaIndependent · joined Sep 2024 · reappointed Sep 2024 · 22 months as independent · 1 listed board · 1 as independent
  • Dipali Hemant ShethIndependent · joined Aug 2025 · reappointed Aug 2025 · 11 months as independent · 7 listed boards · 7 as independent · 7 committee seats
  • Shyamak Ramyar TataIndependent · joined Nov 2025 · reappointed Nov 2025 · 8 months as independent · 4 listed boards · 4 as independent · 7 committee seats, 5 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.

2 directors who left
  • Soumendra Mohan Basu, left 10 Jun 2026: Tenure Completion
  • Anjali Karamnarayan Seth, left 10 Jun 2026: Tenure Completion

Committees and meetings

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

  • Board

    • 14 May 202612 of 12 present7 independent · 27 days in between
    • 16 Apr 202612 of 12 present7 independent · 55 days in between
    • 19 Feb 202612 of 12 present7 independent · 6 days in between
    • 12 Feb 202612 of 12 present7 independent

  • Audit Committee

    Chair Shyamak Ramyar Tata

    Indrajit Banerjee, Anant Jaivant Talaulicar

    • 14 May 20265 of 5 present5 independent · 90 days in between
    • 12 Feb 20265 of 5 present5 independent

  • Nomination and remuneration committee

    Chair Dipali Hemant Sheth

    Indrajit Banerjee, Shyamak Ramyar Tata

    • 14 May 20265 of 5 present5 independent · 27 days in between
    • 16 Apr 20265 of 5 present5 independent

  • Stakeholders Relationship Committee

    Chair Indrajit Banerjee

    Anurang Nareshchandra Jain, Satrajit Ray

    • 16 Apr 20264 of 4 present2 independent

  • Risk Management Committee

    Chair Anurang Nareshchandra Jain

    Indrajit Banerjee, Rambhatla Sridhar Rajagopal Sastry, Rajendra Gopalrao Abhange, Shyamak Ramyar Tata

    • 13 May 20265 of 5 present2 independent

  • Corporate Social Responsibility Committee

    Chair Anurang Nareshchandra Jain

    Varsha Anurang Jain, Rajendra Gopalrao Abhange, Dipali Hemant Sheth

    • 13 May 20265 of 5 present2 independent · 90 days in between
    • 11 Feb 20265 of 5 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.

  • M/s. S R B C & Co. LLPPeer-review certificate valid to Feb 2029

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.

Endurance Technologies 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.Endurance Technologies dividend history

Annual general meeting, 13 Aug 2026

93,793 shareholders on the register on 31 Jul 2026; present: 4 promoters and 53 others; votes counted by Jayavant Bhave / M/s. J. B. Bhave & Co..The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended 31st March, 2026, together with the reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.41%

    Turnout: all 93.26% · promoters 100.00% · institutions 80.33% · other public 0.28%

  2. To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended 31st March, 2026, together with the report of Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.41%

    Turnout: all 93.26% · promoters 100.00% · institutions 80.33% · other public 0.28%

  3. To declare dividend on 14,06,62,848 equity shares of the Company at the rate of ₹ 11.50 per equity share of face value ₹ 10 each (115%) fully paid up, for the financial year ended 31st March, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.41%

    Turnout: all 93.27% · promoters 100.00% · institutions 80.35% · other public 0.28%

  4. To appoint a director in place of Mr. Massimo Venuti (DIN - 06889772), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers himself for re-appointment.MoreLess
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.19% · other public 1.44%

    Turnout: all 93.27% · promoters 100.00% · institutions 80.35% · other public 0.28%

  5. Ratification of remuneration to Mr. Jayant B. Galande, Cost Auditor
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 93.27% · promoters 100.00% · institutions 80.35% · other public 0.28%

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

Postal ballot, 2 Jun 2026, 1 resolution

89,500 shareholders on the register on 24 Apr 2026; votes counted by Sarika Kulkarni / Sarika Kulkarni & Associates.The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Anant Talaulicar (DIN: 00031051) as an Independent Director of the Company for a second term of five years with effect from 12th July, 2026.
    Special
    99.59% for0.41% against

    Against: promoters 0.00% · institutions 2.07% · other public 10.98%

    Turnout: all 93.46% · promoters 100.00% · institutions 80.66% · other public 0.27%

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

Postal ballot, 14 Oct 2025, 1 resolution

89,623 shareholders on the register on 5 Sep 2025; votes counted by Sarika Kulkarni / Sarika Kulkarni and Associates.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Shyamak Ramyar Tata (DIN: 07297729) as an Independent Director of the Company with effect from 1st November, 2025.
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.24% · other public 2.24%

    Turnout: all 95.41% · promoters 100.00% · institutions 88.73% · other public 0.35%

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

Annual general meeting, 13 Aug 2025, 10 resolutions

85,073 shareholders on the register on 1 Aug 2025; present: 4 promoters and 50 others; votes counted by Sarika Kulkarni / Sarika Kulkarni and Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended 31st March, 2025, together with the reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 95.78% · promoters 100.00% · institutions 90.14% · other public 0.24%

  2. To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended 31st March, 2025, together with the report of Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 95.78% · promoters 100.00% · institutions 90.14% · other public 0.24%

  3. To declare dividend on 140,662,848 equity shares of the Company at the rate of Rs. 10 per equity share of face value Rs. 10 each (100%) fully paid up, for the financial year ended 31st March, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.46%

    Turnout: all 95.80% · promoters 100.00% · institutions 90.23% · other public 0.24%

  4. To appoint a director in place of Mr. Satrajit Ray (DIN - 00191467), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers himself for re-appointment.MoreLess
    Ordinary
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.91% · other public 1.06%

    Turnout: all 95.79% · promoters 100.00% · institutions 90.19% · other public 0.24%

  5. Ratification of remuneration payable to Mr. Jayant B. Galande, Cost Auditor of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.06%

    Turnout: all 95.79% · promoters 100.00% · institutions 90.19% · other public 0.24%

  6. Re-appointment of Mrs. Varsha Jain (DIN - 08947297) as a Director and Head – CSR and Facility Management of the Company.
    OrdinaryPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.21% · other public 0.83%

    Turnout: all 95.79% · promoters 100.00% · institutions 90.19% · other public 0.24%

  7. Re-appointment of Mr. Anurang Jain (DIN - 00291662) as a Managing Director of the Company
    OrdinaryPromoters have an interest in it
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.35% · other public 0.67%

    Turnout: all 95.79% · promoters 100.00% · institutions 90.19% · other public 0.24%

  8. Re-appointment of Mr. Indrajit Banerjee (DIN - 01365405) as an Independent Director of the Company.
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.32% · other public 1.21%

    Turnout: all 95.79% · promoters 100.00% · institutions 90.19% · other public 0.24%

  9. Appointment of Mrs. Dipali Sheth (DIN - 07556685) as an Independent Director of the Company.
    Special
    99.65% for0.35% against

    Against: promoters 0.00% · institutions 1.61% · other public 0.83%

    Turnout: all 95.79% · promoters 100.00% · institutions 90.19% · other public 0.24%

  10. Appointment of M/s. J. B. Bhave & Co., Company Secretaries, as Secretarial Auditor of the Company.
    Ordinary
    99.64% for0.36% against

    Against: promoters 0.00% · institutions 1.64% · other public 0.60%

    Turnout: all 95.79% · promoters 100.00% · institutions 90.19% · other public 0.24%

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.

Postal ballot, 28 Sep 2024, 1 resolution

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

  1. Appointment of Mr. Alfredo Altavilla (DIN: 00366224) as an Independent Director of the Company
    Special
    99.56% for0.44% against

    Against: promoters 0.00% · institutions 2.17% · other public 2.87%

    Turnout: all 94.05% · promoters 100.00% · institutions 82.60% · other public 0.53%

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

Annual general meeting, 23 Aug 2024, 7 resolutions

Present: 3 promoters and 34 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited fiancial statements of the Company for the financial year ended 31st March, 2024, together with the reports of the Board of Director and Auditors theron.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.02% · other public 0.38%

    Turnout: all 94.03% · promoters 100.00% · institutions 82.63% · other public 0.35%

  2. To receive, consider and adopt the audited consolidated financial statements of the Company for the year ended 31st March, 2024, together with report of auditor theron
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.38%

    Turnout: all 94.03% · promoters 100.00% · institutions 82.63% · other public 0.35%

  3. To declare dividend on 140,662,848 equity shares of the Company at the rate of Rs. 8.50 per equity share of face value Rs. 10 each (85%) fully paid up, for the financial year ended 31st March, 2024.
    Ordinary
    99.67% for0.33% against

    Against: promoters 0.00% · institutions 1.62% · other public 0.38%

    Turnout: all 94.03% · promoters 100.00% · institutions 82.63% · other public 0.35%

  4. To appoint a director in place of Mrs. Varsha Jain (DIN - 08947297), who retires by rotation, in terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers herself for re-appointment.MoreLess
    OrdinaryPromoters have an interest in it
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 0.72% · other public 1.12%

    Turnout: all 94.03% · promoters 100.00% · institutions 82.63% · other public 0.35%

  5. Ratification of remuneration payable to Mr. Jayant Galande, Cost Auditor of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.23%

    Turnout: all 94.03% · promoters 100.00% · institutions 82.63% · other public 0.35%

  6. Appointment of Mr. Rajendra Abhange (DIN - 10632906) as a Director of the Company.
    Ordinary
    99.59% for0.41% against

    Against: promoters 0.00% · institutions 2.00% · other public 1.39%

    Turnout: all 94.03% · promoters 100.00% · institutions 82.63% · other public 0.35%

  7. Appointment of Mr. Rajendra Abhange (DIN - 10632906) as a Whole-time Director of the Company.
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.51% · other public 1.18%

    Turnout: all 94.03% · promoters 100.00% · institutions 82.63% · other public 0.35%

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, 23 Aug 2023, 4 resolutions

Present: 4 promoters and 38 others.The company's voting result (opens in a new tab)

  1. Receive, consider and adopt the:n(a) audited financial statements of the Company for the financial year ended 31st March, 2023, together with the reports of the Board of Directors and Auditors thereon; andn(b) audited consolidated financial statements of the Company for the financial year ended 31st March, 2023, together with the report of Auditors thereon. nMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.46%

    Turnout: all 94.73% · promoters 100.00% · institutions 84.77% · other public 0.75%

  2. Declare dividend on 140,662,848 equity shares of the Company at the rate of Rs.?? 7 per equity share of face value Rs. 10 each (70%) fully paid up, for the financial year ended 31st March, 2023.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 94.74% · promoters 100.00% · institutions 84.80% · other public 0.75%

  3. Appoint a director in place of Mr. Massimo Venuti (DIN 06889772), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers himself for re-appointment.
    Ordinary
    98.43% for1.57% against

    Against: promoters 0.00% · institutions 7.54% · other public 0.94%

    Turnout: all 94.73% · promoters 100.00% · institutions 84.77% · other public 0.75%

  4. Ratification of remuneration to Cost Auditor
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.94%

    Turnout: all 94.73% · promoters 100.00% · institutions 84.77% · other public 0.75%

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, 18 Mar 2023, 2 resolutions

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

  1. Alteration of the Objects Clause of the Memorandum of Association of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 95.79% · promoters 100.00% · institutions 89.73% · other public 0.33%

  2. Alteration of the Articles of Association of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.04%

    Turnout: all 95.79% · promoters 100.00% · institutions 89.73% · other public 0.33%

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

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 13 Aug 2026, 12 fund houses so far (houses' deadline to file 15 Oct 2026)

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

  • To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended 31st March, 2026, together with the reports of the Board of Directors and Auditors thereon.MoreLess
    12 for0 against
  • To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended 31st March, 2026, together with the report of Auditors thereon.
    12 for0 against
  • To declare dividend on 14,06,62,848 equity shares of the Company at the rate of ₹ 11.50 per equity share of face value ₹ 10 each (115%) fully paid up, for the financial year ended 31st March, 2026.
    12 for0 against
  • To appoint a director in place of Mr. Massimo Venuti (DIN - 06889772), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers himself for re-appointment.MoreLess
    12 for0 against
  • Ratification of remuneration to Mr. Jayant B. Galande, Cost Auditor
    11 for0 against
1 proposal not matched to one resolution
  • Approve Remuneration of Cost Auditors
    1 for0 against

Mutual fund votes, meeting of 2 Jun 2026, 28 fund houses

  • Re-appointment of Mr. Anant Talaulicar (DIN: 00031051) as an Independent Director of the Company for a second term of five years with effect from 12th July, 2026.
    28 for0 against
6 earlier meetings

Mutual fund votes, meeting of 14 Oct 2025, 29 fund houses

  • Appointment of Mr. Shyamak Ramyar Tata (DIN: 07297729) as an Independent Director of the Company with effect from 1st November, 2025.
    29 for0 against

Mutual fund votes, meeting of 13 Aug 2025, 26 fund houses

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

  • To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended 31st March, 2025, together with the reports of the Board of Directors and Auditors thereon.MoreLess
    25 for0 against
  • To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended 31st March, 2025, together with the report of Auditors thereon.
    25 for0 against
  • To declare dividend on 140,662,848 equity shares of the Company at the rate of Rs. 10 per equity share of face value Rs. 10 each (100%) fully paid up, for the financial year ended 31st March, 2025.
    25 for0 against
  • To appoint a director in place of Mr. Satrajit Ray (DIN - 00191467), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers himself for re-appointment.MoreLess
    26 for0 against
  • Ratification of remuneration payable to Mr. Jayant B. Galande, Cost Auditor of the Company.
    25 for0 against
  • Re-appointment of Mrs. Varsha Jain (DIN - 08947297) as a Director and Head – CSR and Facility Management of the Company.
    25 for0 against
  • Re-appointment of Mr. Anurang Jain (DIN - 00291662) as a Managing Director of the Company
    Against Mirae Asset Mutual Fund
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    24 for1 against
  • Re-appointment of Mr. Indrajit Banerjee (DIN - 01365405) as an Independent Director of the Company.
    25 for0 against
  • Appointment of Mrs. Dipali Sheth (DIN - 07556685) as an Independent Director of the Company.
    26 for0 against
  • Appointment of M/s. J. B. Bhave & Co., Company Secretaries, as Secretarial Auditor of the Company.
    Against Angel One Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund
    • Angel One Mutual FundTransparency concern: The Company has neither disclosed the Audit Fee paid to Outgoing Secretarial Auditors nor has addressed as to whether there exists any material change in the proposed audit fee or not.
    • Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual FundCompliant with law. Transparency concern: The Company has neither disclosed the Audit Fee paid to Outgoing Secretarial Auditors nor has addressed as to whether there exists any material change in the proposed audit fee or not.
    21 for5 against
7 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against
  • Item 6, as a fund house numbered it
    1 for0 against
  • Item 7, as a fund house numbered it
    Against Taurus Mutual Fund
    • Taurus Mutual FundAnurang Jain received Rs. 74.8 mn as remuneration in FY25. We estimate the FY26 remuneration at Rs. 82.4 mn, and after his reappointment as Managing Director, we estimate his annual remuneration at Rs. 90.6 mn. We expect the company to cap the aggregate remuneration (including commission) in absolute terms and disclose the performance metrics that govern the variable pay. Notwithstanding, the estimated remuneration is in line with peers and commensurate with the size and complexity of the company’s operations. However, the remuneration structure also contains reimbursement of medical expenses for self and family without any ceiling. We believe these expenses are personal in nature and should be borne by the directors themselves. While we support his reappointment on the board, we do not support the remuneration terms. We do not support the resolution.
    0 for1 against
  • Item 8, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 28 Sep 2024, 22 fund houses

  • Appointment of Mr. Alfredo Altavilla (DIN: 00366224) as an Independent Director of the Company
    Against Groww Mutual Fund, PGIM India Mutual Fund
    • Groww Mutual Fund, PGIM India Mutual FundAppointment is compliant with law. Governance concern: Holding 2 Full-time positions.
    20 for2 against

Mutual fund votes, meeting of 23 Aug 2024, 20 fund houses

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

  • To receive, consider and adopt the audited fiancial statements of the Company for the financial year ended 31st March, 2024, together with the reports of the Board of Director and Auditors theron.
    17 for0 against
  • To receive, consider and adopt the audited consolidated financial statements of the Company for the year ended 31st March, 2024, together with report of auditor theron
    17 for0 against
  • To declare dividend on 140,662,848 equity shares of the Company at the rate of Rs. 8.50 per equity share of face value Rs. 10 each (85%) fully paid up, for the financial year ended 31st March, 2024.
    19 for0 against
  • To appoint a director in place of Mrs. Varsha Jain (DIN - 08947297), who retires by rotation, in terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers herself for re-appointment.MoreLess
    19 for0 against
  • Ratification of remuneration payable to Mr. Jayant Galande, Cost Auditor of the Company.
    17 for0 against
  • Appointment of Mr. Rajendra Abhange (DIN - 10632906) as a Director of the Company.
    19 for0 against
  • Appointment of Mr. Rajendra Abhange (DIN - 10632906) as a Whole-time Director of the Company.
    19 for0 against
10 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against
  • Item 6, as a fund house numbered it
    1 for0 against
  • Item 7, as a fund house numbered it
    1 for0 against
  • Accept Consolidated Financial Statements and Statutory Reports
    2 for0 against
  • Accept Financial Statements and Statutory Reports
    2 for0 against
  • Approve Remuneration of Cost Auditors
    2 for0 against

Mutual fund votes, meeting of 23 Aug 2023, 16 fund houses

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

  • Receive, consider and adopt the:n(a) audited financial statements of the Company for the financial year ended 31st March, 2023, together with the reports of the Board of Directors and Auditors thereon; andn(b) audited consolidated financial statements of the Company for the financial year ended 31st March, 2023, together with the report of Auditors thereon. nMoreLess
    13 for0 against
  • Declare dividend on 140,662,848 equity shares of the Company at the rate of Rs.?? 7 per equity share of face value Rs. 10 each (70%) fully paid up, for the financial year ended 31st March, 2023.
    15 for0 against
  • Appoint a director in place of Mr. Massimo Venuti (DIN 06889772), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers himself for re-appointment.
    Against HSBC Mutual Fund
    • HSBC Mutual FundA vote AGAINST this resolution is warranted because the board independence norms are not met (after ISS re-classification) and Massimo Venuti is a non-independent director nominee.
    14 for1 against
  • Ratification of remuneration to Cost Auditor
    15 for0 against
5 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • Accept Financial Statements and Statutory Reports
    2 for0 against

Mutual fund votes, meeting of 18 Mar 2023, 13 fund houses

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

  • Alteration of the Objects Clause of the Memorandum of Association of the Company
    12 for0 against
  • Alteration of the Articles of Association of the Company
    12 for0 against
2 proposals not matched to one resolution
  • Item 6, as a fund house numbered it
    1 for0 against
  • Item 7, as a fund house numbered it
    1 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 Jun 2026.

  • Unlisted stake boughtStöferle GmbH, GermanySince 29 Jun 2026

    8.00% bought in the quarter; holding 68.00%, from 60.00%

  • Unlisted stake boughtStöferle Automotive GmbH, GermanySince 29 Jun 2026

    8.00% bought in the quarter; holding 68.00%, from 60.00%

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.