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Esab India MD, chairman, board of directors and AGM

NSE: ESABINDIABSE: 500133Industrial ProductsSmall Cap

Last close ₹5,307.50down ₹82.00 (1.52%)BSE ₹5,298.80

Share price at the NSE close on 23 Oct 2026. Previous close ₹5,389.50.

52-week range of traded prices to 23 Oct 2026
₹4,710.00Low, 7 Nov 2025₹7,319.50High, 7 May 2026
Market cap
₹8,170 Cr583rd largest listed
P/E
36.8
P/B
19.0
Dividend yield
1.41%
ROE
56.1%
ROCE
63.5%
Debt to equity
0.00
Volume, NSE
7,44750.8% delivered

Esab India board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.

  • Managing directorRohit Gambhir
  • ChairpersonCurtis Evan Jewell
  • Company Secretary and Compliance OfficerG Balaji

6 directors3 independent2 executive1 non-executive

  • Rohit Gambhir · Managing directorExecutive · joined Nov 2013 · reappointed Nov 2023 · 1 listed board · 1 committee seat
  • Mohan BExecutive · joined Jun 2023 · 1 listed board
  • Ramesh Rajan NatarajanIndependent · joined Jan 2025 · reappointed Jan 2025 · 17 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 3 as chair
  • Raja VenkataramanIndependent · joined Jan 2025 · reappointed Jan 2025 · 17 months as independent · 2 listed boards · 2 as independent · 7 committee seats, 2 as chair
  • Cauvery DharmarajIndependent · joined Mar 2023 · reappointed Mar 2023 · 39 months as independent · 2 listed boards · 2 as independent · 2 committee seats
  • Curtis Evan Jewell · ChairpersonNon-executive · joined May 2026 · 1 listed board · 2 committee seats

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.

3 directors who left
  • Kevin Joseph Johnson, left 30 Apr 2026: Others
  • Vikram Krishanlal Tandon, left 29 Jan 2025: Tenure Completion
  • Kalyanasundaram Vaidyanathan, left 29 Jan 2025: Tenure Completion

Committees and meetings

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

  • Board

    • 27 May 20265 of 6 present2 independent · 26 days in between
    • 30 Apr 20265 of 6 present3 independent · 35 days in between
    • 25 Mar 20266 of 6 present3 independent

  • Audit Committee

    Chair Ramesh Rajan Natarajan

    Raja Venkataraman, Curtis Evan Jewell

    • 27 May 20263 of 3 present2 independent · 105 days in between
    • 10 Feb 20262 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Ramesh Rajan Natarajan

    Cauvery Dharmaraj, Curtis Evan Jewell

    • 30 Apr 20262 of 3 present2 independent · 35 days in between
    • 25 Mar 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Raja Venkataraman

    Rohit Gambhir, Curtis Evan Jewell

    • 27 May 20263 of 3 present1 independent · 105 days in between
    • 10 Feb 20262 of 3 present1 independent

  • Risk Management Committee

    Chair Curtis Evan Jewell

    Mohan B, Rohit Gambhir, Raja Venkataraman

    • 27 May 20264 of 4 present1 independent · 197 days in between
    • 10 Nov 20254 of 4 present1 independent

  • Corporate Social Responsibility Committee

    Chair Cauvery Dharmaraj

    Rohit Gambhir, Curtis Evan Jewell

    • 27 May 20262 of 3 present0 independent · 105 days in between
    • 10 Feb 20262 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Deloitte Haskins & SellsPeer-review certificate valid to Apr 2028

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

Esab India 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.Esab India dividend history

Annual general meeting, 29 Jul 2026

20,846 shareholders on the register on 23 Jul 2026; present: 3 promoters and 46 others; votes counted by V Mahesh / V Mahesh & Associates.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements for the financial year ended 31st March 2026 together with the reports of Director and Auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 88.18% · promoters 100.00% · institutions 97.32% · other public 4.56%

  2. To declare dividend of Rs. 25/- per equity share of Rs. 10/- each i.e, 250%
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 88.18% · promoters 100.00% · institutions 97.32% · other public 4.56%

  3. To appoint a Director in the place of Mr. B Mohan (DIN 00261434) who retires by rotation and is eligible for re-appoinment
    OrdinaryPromoters have an interest in it
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.58% · other public 0.07%

    Turnout: all 88.18% · promoters 100.00% · institutions 97.32% · other public 4.56%

  4. Approval of the appoinment of Mr. Curtis Evan Jewell (DIN 11666741) as Non - Executive Nominee Director
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.61% · other public 0.04%

    Turnout: all 88.18% · promoters 100.00% · institutions 97.32% · other public 4.56%

  5. Ratification of remuneration payable to cost auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 88.18% · promoters 100.00% · institutions 97.32% · other public 4.56%

  6. Approval for Payment of Commission to Independent Directors
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.93%

    Turnout: all 88.18% · promoters 100.00% · institutions 97.32% · other public 4.56%

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.

Annual general meeting, 14 Aug 2025, 7 resolutions

22,314 shareholders on the register on 7 Aug 2025; present: 3 promoters and 48 others; votes counted by V Mahesh / V Mahesh & Associates.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements of the Company for the Financial year ended 31st March 2025 together with the Reports of Directors and the Auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 88.53% · promoters 100.00% · institutions 97.50% · other public 7.89%

  2. To declare a final dividend of Rs 42 per equity share of Rs 10 each
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 88.53% · promoters 100.00% · institutions 97.50% · other public 7.89%

  3. To appoint a director in place of Mr Rohit Gambhir having Director Identification Number 06686250 who retires by rotation and is eligible for re appointment
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.45% · other public 0.04%

    Turnout: all 88.53% · promoters 100.00% · institutions 97.50% · other public 7.89%

  4. To appoint Mr V Mahesh Practicing Company Secretary Chennai as the Secretarial Auditor of the Company for a period of 5 years from the financial year 2025 to 26 and to authorize the Board of Directors of the Company to fix their remunerationMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 88.53% · promoters 100.00% · institutions 97.50% · other public 7.89%

  5. Ratification of Remuneration payable to Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 88.53% · promoters 100.00% · institutions 97.50% · other public 7.89%

  6. To approve material transactions with ESAB Europe GmbH Switzerland Related Party
    OrdinaryPromoters have an interest in it
    85.65% for14.35% against

    Against: promoters 0.00% · institutions 15.33% · other public 0.02%

    Turnout: all 14.80% · promoters 0.00% · institutions 97.50% · other public 7.89%

  7. To approve material transactions with EWAC Alloys Limited India Related Party
    Ordinary
    85.65% for14.35% against

    Against: promoters 0.00% · institutions 15.33% · other public 0.02%

    Turnout: all 14.80% · promoters 0.00% · institutions 97.50% · other public 7.89%

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 Mar 2025, 3 resolutions

20,592 shareholders on the register on 31 Dec 2025; votes counted by V MAHESH / V MAHESH & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To approve the appointment of Mr. N Ramesh Rajan, as Independent Director of ESAB India Limited (the “Company”).
    Special
    99.52% for0.48% against

    Against: promoters 0.00% · institutions 2.97% · other public 1.16%

    Turnout: all 88.15% · promoters 100.00% · institutions 97.37% · other public 0.83%

  2. To approve the appointment of Mr. Raja Venkataraman as Independent Director of ESAB India Limited (the “Company”).
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.29%

    Turnout: all 88.15% · promoters 100.00% · institutions 97.37% · other public 0.83%

  3. To approve the continuation of the office of Director by Mr. Kevin Johnson, as Non-Executive Nominee Director
    Ordinary
    99.48% for0.52% against

    Against: promoters 0.00% · institutions 3.20% · other public 1.04%

    Turnout: all 88.15% · promoters 100.00% · institutions 97.37% · other public 0.83%

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, 8 Aug 2024, 7 resolutions

Present: 3 promoters and 56 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements of the Company for the financial year ended 31st March 2024 together with the Reports of Directors and the Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 88.02% · promoters 100.00% · institutions 97.35% · other public 0.47%

  2. Declaration of final dividend of Rs. 30 per equity share of Rs. 10 each i.e., 300%
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 88.02% · promoters 100.00% · institutions 97.35% · other public 0.47%

  3. Re-appointment of Mr. B Mohan, Director (DIN 00261434), retiring by rotation and eligible for re-appointment.
    Ordinary
    98.47% for1.53% against

    Against: promoters 0.00% · institutions 9.46% · other public 0.52%

    Turnout: all 88.02% · promoters 100.00% · institutions 97.35% · other public 0.47%

  4. Appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, Chennai as the Statutory Auditors of the Company to hold office for a period of 5 (Five) years from the conclusion of the 37th Annual General Meeting of the Company until the conclusion of the 42nd Annual General Meeting of the Company and to authorise the Board of Directors of the Company to fix their remuneration.MoreLess
    Ordinary
    97.57% for2.43% against

    Against: promoters 0.00% · institutions 14.99% · other public 0.47%

    Turnout: all 88.02% · promoters 100.00% · institutions 97.35% · other public 0.47%

  5. Ratification of remuneration payable to Cost auditors of the Company for the financial year 2024-25
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 88.02% · promoters 100.00% · institutions 97.35% · other public 0.47%

  6. Approval of Material transactions with ESAB Europe Gmbh, Switzerland, Related Party
    OrdinaryPromoters have an interest in it
    79.73% for20.27% against

    Against: promoters 0.00% · institutions 20.35% · other public 0.87%

    Turnout: all 14.30% · promoters 0.00% · institutions 97.35% · other public 0.47%

  7. Approval of Material related party transactions with EWAC Alloys Limited, India, Related Party
    OrdinaryPromoters have an interest in it
    84.92% for15.08% against

    Against: promoters 0.00% · institutions 15.13% · other public 0.82%

    Turnout: all 14.30% · promoters 0.00% · institutions 97.35% · other public 0.47%

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

Annual general meeting, 10 Aug 2023, 8 resolutions

Present: 3 promoters and 60 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Balance Sheet as on 31st March 2023 and the Statement of Profit and Loss Account for the financial year ended on that datentogether with the Reports of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 87.56% · promoters 100.00% · institutions 98.04% · other public 0.29%

  2. To declare a final dividend of Rs. 20 per equity share of Rs. 10 each i.e., 200%.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 87.58% · promoters 100.00% · institutions 98.18% · other public 0.29%

  3. To appoint a director in place of Mr. Rohit Gambhir having Director Identification Number 06686250, who retires by rotation and is eligible for re-appointment
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.07% · other public 0.92%

    Turnout: all 11.68% · promoters 10.19% · institutions 98.08% · other public 0.29%

  4. Ratification of Remuneration payable to Cost Auditors
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 87.57% · promoters 100.00% · institutions 98.08% · other public 0.29%

  5. Re-appointment of Mr. Rohit Gambhir (DIN: 06686250) as Managing Director of the Company for a term of five years with effect from 1st November 2023
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.07% · other public 0.94%

    Turnout: all 87.57% · promoters 100.00% · institutions 98.08% · other public 0.29%

  6. Appointment of Mr. B Mohan (DIN: 00261434) as Director of the Company for a term of five years with effect from 20th June 2023.
    Ordinary
    96.09% for3.91% against

    Against: promoters 0.00% · institutions 24.79% · other public 0.91%

    Turnout: all 87.57% · promoters 100.00% · institutions 98.08% · other public 0.29%

  7. Approval for Material Transactions with ESAB Europe Gmbh, Switzerland, Related Party.
    OrdinaryPromoters have an interest in it
    80.69% for19.31% against

    Against: promoters 0.00% · institutions 19.35% · other public 0.72%

    Turnout: all 52.70% · promoters 0.00% · institutions 98.08% · other public 0.29%

  8. Approval for Material Transactions with EWAC Alloys Limited, Related Party
    OrdinaryPromoters have an interest in it
    80.67% for19.33% against

    Against: promoters 0.00% · institutions 19.35% · other public 8.25%

    Turnout: all 52.70% · promoters 0.00% · institutions 98.08% · other public 0.29%

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

Postal ballot, 3 May 2023, 1 resolution

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

  1. To approve the appointment of Ms. Cauvery Dharmaraj as Independent Director of ESABnIndia Limited
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.06%

    Turnout: all 87.54% · promoters 100.00% · institutions 98.01% · other public 0.42%

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, 11 Aug 2022, 5 resolutions

Present: 3 promoters and 54 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Balance Sheet as at 31 March 2022 and the Statement of Profit and Loss Account for the financial year ended on that date together with the Reports of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 88.41% · promoters 100.00% · institutions 98.27% · other public 6.57%

  2. To declare a final dividend of Rs. 20 each for the financial year ended 31 March 2022.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 88.43% · promoters 100.00% · institutions 98.38% · other public 6.57%

  3. To appoint a director in place of Mr. Rohit Gambhir having Director Identification Number 06686250, who retires by rotation and is eligible for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 88.41% · promoters 100.00% · institutions 98.28% · other public 6.57%

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

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

    Turnout: all 88.41% · promoters 100.00% · institutions 98.28% · other public 6.57%

  5. To approve material transactions with ESAB Europe Gmbh, Switzerland, Related Party.
    OrdinaryPromoters have an interest in it
    94.68% for5.32% against

    Against: promoters 0.00% · institutions 5.62% · other public 0.08%

    Turnout: all 14.69% · promoters 0.00% · institutions 98.28% · other public 6.57%

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, 12 Aug 2021, 5 resolutions

Present: 3 promoters and 54 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Balance Sheet as at 31 March 2021 and the Statement of Profit and Loss Account for the financial year ended on that date together with the Reports of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 86.57% · promoters 100.00% · institutions 91.31% · other public 2.21%

  2. To declare a dividend
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 86.57% · promoters 100.00% · institutions 91.31% · other public 2.21%

  3. To appoint a Director in place of Mr Rohit Gambhir having Director Identification Number 06686250, who retires by rotation and is eligible for re-appointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.81%

    Turnout: all 86.57% · promoters 100.00% · institutions 91.31% · other public 2.21%

  4. Ratification of Remunertaion to Cost Auditors
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 86.57% · promoters 100.00% · institutions 91.31% · other public 2.21%

  5. Approval of Remuneration by way of Commission to Directors who are not in whole time employment of the Company not exceeding 1% of the net profits of the Company for a period of five financial years commencing from 1 April 2021.MoreLess
    Special
    99.99% for0.01% against

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

    Turnout: all 86.57% · promoters 100.00% · institutions 91.31% · other public 2.21%

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 29 Jul 2026, 3 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To consider and adopt the Audited Financial Statements for the financial year ended 31st March 2026 together with the reports of Director and Auditors thereon
    3 for0 against
  • To declare dividend of Rs. 25/- per equity share of Rs. 10/- each i.e, 250%
    3 for0 against
  • To appoint a Director in the place of Mr. B Mohan (DIN 00261434) who retires by rotation and is eligible for re-appoinment
    3 for0 against
  • Approval of the appoinment of Mr. Curtis Evan Jewell (DIN 11666741) as Non - Executive Nominee Director
    3 for0 against
  • Ratification of remuneration payable to cost auditors
    3 for0 against
  • Approval for Payment of Commission to Independent Directors
    3 for0 against

Mutual fund votes, meeting of 14 Aug 2025, 8 fund houses

  • To consider and adopt the Audited Financial Statements of the Company for the Financial year ended 31st March 2025 together with the Reports of Directors and the Auditors thereon
    8 for0 against
  • To declare a final dividend of Rs 42 per equity share of Rs 10 each
    8 for0 against
  • To appoint a director in place of Mr Rohit Gambhir having Director Identification Number 06686250 who retires by rotation and is eligible for re appointment
    8 for0 against
  • To appoint Mr V Mahesh Practicing Company Secretary Chennai as the Secretarial Auditor of the Company for a period of 5 years from the financial year 2025 to 26 and to authorize the Board of Directors of the Company to fix their remunerationMoreLess
    8 for0 against
  • Ratification of Remuneration payable to Cost Auditors
    8 for0 against
  • To approve material transactions with ESAB Europe GmbH Switzerland Related Party
    Against Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. Governance & Transparency Concern: Inadequate justification and inadequate basis of arm’s length pricing.
    • Nippon India Mutual FundGovernance & Transparency Concern: Inadequate justification and inadequate basis of arm’s length pricing.
    6 for2 against
  • To approve material transactions with EWAC Alloys Limited India Related Party
    Against Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. Governance Concern: Basis for Arm’s Length pricing not disclosed.
    • Nippon India Mutual FundGovernance Concern: Basis for Arm’s Length pricing not disclosed.
    6 for2 against
6 earlier meetings

Mutual fund votes, meeting of 12 Mar 2025, 7 fund houses

  • To approve the appointment of Mr. N Ramesh Rajan, as Independent Director of ESAB India Limited (the “Company”).
    7 for0 against
  • To approve the appointment of Mr. Raja Venkataraman as Independent Director of ESAB India Limited (the “Company”).
    7 for0 against
  • To approve the continuation of the office of Director by Mr. Kevin Johnson, as Non-Executive Nominee Director
    7 for0 against

Mutual fund votes, meeting of 8 Aug 2024, 9 fund houses

  • Adoption of Audited Financial Statements of the Company for the financial year ended 31st March 2024 together with the Reports of Directors and the Auditors thereon.
    9 for0 against
  • Declaration of final dividend of Rs. 30 per equity share of Rs. 10 each i.e., 300%
    9 for0 against
  • Re-appointment of Mr. B Mohan, Director (DIN 00261434), retiring by rotation and eligible for re-appointment.
    Against DSP Mutual Fund, Sundaram Mutual Fund
    • DSP Mutual FundB Mohan, 50, is Whole-time Director and Chief Financial Officer of the company. He has been associated with the company since 2005. He was appointed on the board on 20 June 2023. He has attended all five board meetings in FY24. He is liable to retire by rotation. He was appointed as Whole-time Director in the 2023 AGM and is paid remuneration in his capacity as CFO – thereby circumventing the need for shareholder approval for his remuneration. Even while the resolution seeks approval for his reappointment, given the lack of clarity on his remuneration terms as Whole-time Director, we do not support the resolution.
    • Sundaram Mutual Fund"B Mohan, 50, is Whole-time Director and Chief Financial Officer of the company. He has been associated with the company since 2005. He was appointed on the board on 20 June 2023. He has attended all five board meetings in FY24. He is liable to retire by rotation. He was appointed as Whole-time Director in the 2023 AGM and is paid remuneration in his capacity as CFO – thereby circumventing the need for shareholder approval for his remuneration. Even while the resolution seeks approval for his reappointment, given the lack of clarity on his remuneration terms as Whole-time Director, we do not support the resolution."
    7 for2 against
  • Appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, Chennai as the Statutory Auditors of the Company to hold office for a period of 5 (Five) years from the conclusion of the 37th Annual General Meeting of the Company until the conclusion of the 42nd Annual General Meeting of the Company and to authorise the Board of Directors of the Company to fix their remuneration.MoreLess
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundNon-Compliant with Regulation 36(5) of SEBI LODR: Proposed audit fee to the auditor not disclosed. Governance Concern: Cannot be ascertained whether there is any material change between the fees paid to the outgoing auditors as against the fees payable to the proposed auditors.
    8 for1 against
  • Ratification of remuneration payable to Cost auditors of the Company for the financial year 2024-25
    9 for0 against
  • Approval of Material transactions with ESAB Europe Gmbh, Switzerland, Related Party
    Against Aditya Birla Sun Life Mutual Fund, DSP Mutual Fund, Nippon India Mutual Fund, Sundaram Mutual Fund
    • Aditya Birla Sun Life Mutual Fund, DSP Mutual FundESAB India seeks approval to enter into material party transaction with ESAB Europe Gmbh Switzerland, a fellow subsidiary. The transactions will be in the nature of purchase of raw materials, components, finished goods & services and sales of goods & services. The related party transactions proposed to be carried out are in the ordinary course of business and at arms’ length basis and could exceed 10% of the turnover of the company but will be within the limit of Rs. 1.5 bn. In FY24, the transactions between ESAB India ltd and ESAB Europe Gmbh Switzerland aggregated to Rs. 892.1 mn, which includes trademark license fee expense of Rs. 323.5 mn. The company must provide granular details of the trademark license agreement it has entered into with ESAB Europe Gmbh, Switzerland and the basis for arriving at the license fee to be paid to the entity. The company must also disclose the profile of ESAB Europe Gmbh Switzerland including the financials. Given the lack of clarity on the trademark license fee and the profile of ESAB Europe Gmbh Switzerland, we are unable to make an informed decision. Hence, we do not support the resolution.
    • Nippon India Mutual FundCompliant with Law. Governance Concern: Basis for Arm’s Length pricing not disclosed.
    • Sundaram Mutual Fund"ESAB India seeks approval to enter into material party transaction with ESAB Europe Gmbh Switzerland, a fellow subsidiary. The transactions will be in the nature of purchase of raw materials, components, finished goods & services and sales of goods & services. The related party transactions proposed to be carried out are in the ordinary course of business and at arms’ length basis and could exceed 10% of the turnover of the company but will be within the limit of Rs. 1.5 bn. In FY24, the transactions between ESAB India ltd and ESAB Europe Gmbh Switzerland aggregated to Rs. 892.1 mn, which includes trademark license fee expense of Rs. 323.5 mn. The company must provide granular details of the trademark license agreement it has entered into with ESAB Europe Gmbh, Switzerland and the basis for arriving at the license fee to be paid to the entity. The company must also disclose the profile of ESAB Europe Gmbh Switzerland including the financials. Given the lack of clarity on the trademark license fee and the profile of ESAB Europe Gmbh Switzerland, we are unable to make an informed decision. Hence, we do not support the resolution."
    5 for4 against
  • Approval of Material related party transactions with EWAC Alloys Limited, India, Related Party
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundCompliant with Law. Governance Concern: Basis for Arm’s Length pricing not disclosed.
    8 for1 against

Mutual fund votes, meeting of 10 Aug 2023, 7 fund houses

  • To consider and adopt the Balance Sheet as on 31st March 2023 and the Statement of Profit and Loss Account for the financial year ended on that datentogether with the Reports of Directors and the Auditors thereon.MoreLess
    7 for0 against
  • To declare a final dividend of Rs. 20 per equity share of Rs. 10 each i.e., 200%.
    7 for0 against
  • To appoint a director in place of Mr. Rohit Gambhir having Director Identification Number 06686250, who retires by rotation and is eligible for re-appointment
    7 for0 against
  • Ratification of Remuneration payable to Cost Auditors
    7 for0 against
  • Re-appointment of Mr. Rohit Gambhir (DIN: 06686250) as Managing Director of the Company for a term of five years with effect from 1st November 2023
    7 for0 against
  • Appointment of Mr. B Mohan (DIN: 00261434) as Director of the Company for a term of five years with effect from 20th June 2023.
    Against Motilal Oswal Mutual Fund, Nippon India Mutual Fund, Sundaram Mutual Fund
    • Motilal Oswal Mutual FundNon-Compliant with Section 196 (4) of Companies Act, 2013 and SS-2. Governance concern: Board is provided absolute discretion to decide the remuneration not disclosed the remuneration.
    • Nippon India Mutual FundInadequate disclosure
    • Sundaram Mutual FundB Mohan, 57, is the Chief Financial Officer of the company. He has been with ESAB since 2005 and has been heading Finance and IT for over 18 years. He completed his chartered accountancy in 1986 and is a qualified company secretary. He was paid a remuneration of Rs 11.8 mn in FY22 and Rs 14.3 mn in FY23. His remuneration will be paid in his capacity as Chief Financial Officer as recommended by the Nomination and Remuneration Committee and approved by the Board of Directors. We do not support the resolution as it does not give shareholders the opportunity to vote on B Mohan’s remuneration despite him being appointed onto the board of the company.
    4 for3 against
  • Approval for Material Transactions with ESAB Europe Gmbh, Switzerland, Related Party.
    Against HDFC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, Sundaram Mutual Fund
    • HDFC Mutual FundCompany has not given any time limit and is thus, seeking approval in perpetuity
    • Motilal Oswal Mutual FundTechnical Non-compliance with SEBI Circular: Omnibus approval of RPTs for more than one-year, Non-disclosure of information as required as per the SEBI Circular. Governance concern: Inadequate disclosures
    • Nippon India Mutual FundInadequate disclosure
    • Sundaram Mutual FundESAB India seeks approval to enter into material party transaction with ESAB Europe Gmbh Switzerland, a fellow subsidiary. The transactions will be in the nature of purchase of raw materials, components, finished goods & services and sales of goods & services. The related party transactions proposed to be carried out are in the ordinary course of business and at arms’ length basis and could exceed 10% of the turnover of the company but will be within the limit of Rs. 1.5 bn. The company has neither disclosed a profile of ESAB Europe Gmbh, Switzerland nor provided details required under SEBI circular for shareholder approval of RPTs. Further, the company has not clearly specified the duration till when this resolution is valid. Given the lack of clarity on the amounts involved and the open-ended nature of the proposal, we are unable to make an informed decision.
    3 for4 against
  • Approval for Material Transactions with EWAC Alloys Limited, Related Party
    Against HDFC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, Sundaram Mutual Fund
    • HDFC Mutual FundCompany has not given any time limit and is thus, seeking approval in perpetuity
    • Motilal Oswal Mutual FundTechnical Non-compliance with SEBI Circular: Omnibus approval of RPTs for more than one-year, Non-disclosure of information as required as per the SEBI Circular. Governance concern: Inadequate disclosures
    • Nippon India Mutual FundInadequate disclosure
    • Sundaram Mutual FundESAB India Limited is seeking approval to enter into material party transaction with EWAC Alloys Limited, India, a fellow subsidiary. The transactions will be in the nature of purchase of raw materials, components, finished goods & services and sales of goods & services. The related party transactions proposed to be carried out are in the ordinary course of business and at arms’ length basis and could exceed 10% of the turnover of the company but will be within the limit of Rs. 1.5 bn. The company has neither disclosed a profile of EWAC Alloys Limited nor provided details required under SEBI circular for shareholder approval of RPTs. Further, the company has not clearly specified the duration till when this resolution is valid. Given the lack of clarity on the amounts involved and the open-ended nature of the proposal, we are unable to make an informed decision. We raise further concern that B Mohan, WTD and CFO of ESAB India is also on the board of EWAC Alloys Limited and the chairperson of its audit committee, which could be a potential conflict of interest for the related party transactions
    3 for4 against

Mutual fund votes, meeting of 3 May 2023, 5 fund houses

  • To approve the appointment of Ms. Cauvery Dharmaraj as Independent Director of ESABnIndia Limited
    5 for0 against

Mutual fund votes, meeting of 11 Aug 2022, 5 fund houses

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

  • To consider and adopt the Balance Sheet as at 31 March 2022 and the Statement of Profit and Loss Account for the financial year ended on that date together with the Reports of Directors and the Auditors thereon.MoreLess
    4 for0 against
  • To declare a final dividend of Rs. 20 each for the financial year ended 31 March 2022.
    4 for0 against
  • To appoint a director in place of Mr. Rohit Gambhir having Director Identification Number 06686250, who retires by rotation and is eligible for re-appointment.
    4 for0 against
  • Ratification of Remuneration to Cost Auditor.
    4 for0 against
  • To approve material transactions with ESAB Europe Gmbh, Switzerland, Related Party.
    Against Bank of India Mutual Fund
    • Bank of India Mutual FundESAB India Limited is seeking approval to enter into material party transaction with ESAB Europe Gmbh Switzerland, a fellow subsidiary. The transactions will be in the nature of purchase of raw materials, components, finished goods & services and sales of goods & services.The company has not disclosed a profile of ESAB Europe Gmbh, Switzerland. Further, the company has neither specified the quantum of the transactions nor the duration till when this resolution is valid. Given the lack of clarity on the amounts involved and the open-ended nature of the proposal, it is difficult to take an informed decision.
    3 for1 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
    Against Taurus Mutual Fund
    • Taurus Mutual FundESAB India Limited is seeking approval to enter into material party transaction with ESAB Europe Gmbh Switzerland, a fellow subsidiary. The transactions will be in the nature of purchase of raw materials, components, finished goods & services and sales of goods & services.The company has not disclosed a profile of ESAB Europe Gmbh, Switzerland. Further, the company has neither specified the quantum of the transactions nor the duration till when this resolution is valid. Given the lack of clarity on the amounts involved and the open-ended nature of the proposal, it is difficult to take an informed decision.
    0 for1 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

Mutual fund votes, meeting of 12 Aug 2021, 5 fund houses

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

  • To consider and adopt the Balance Sheet as at 31 March 2021 and the Statement of Profit and Loss Account for the financial year ended on that date together with the Reports of Directors and the Auditors thereon.MoreLess
    5 for0 against
  • To declare a dividend
    5 for0 against
  • To appoint a Director in place of Mr Rohit Gambhir having Director Identification Number 06686250, who retires by rotation and is eligible for re-appointment.
    5 for0 against
  • Approval of Remuneration by way of Commission to Directors who are not in whole time employment of the Company not exceeding 1% of the net profits of the Company for a period of five financial years commencing from 1 April 2021.MoreLess
    5 for0 against
4 proposals not matched to one resolution
  • 4) Approve remuneration of Rs. 550,000 payable to M/s. Geeyes & Co. as Cost Auditors for FY22.
    1 for0 against
  • Approve remuneration of Rs. 550,000 payable to Geeyes & Co, cost auditors for FY22
    1 for0 against
  • Expenses, payable to M/s. Geeyes & Co., Practising Cost Accountants, Chennai holding Firm Registration No.000044 allotted by the Institute of Cost Accountants of India, who was appointed as Cost Auditor of the Company for the Financial Year ending 31.3.2022MoreLess
    2 for0 against
  • To approve remuneration payable to M/s. Geeyes & Co., Practising Cost Accountants, Chennai holding Firm Registration No.000044 allotted by the Institute of Cost Accountants of India, who was appointed as Cost Auditor of the Company for the Financial Year ending 31.3.2022MoreLess
    1 for0 against

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

Fines

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyGST AuthoritySince 18 May 2026

    imposition of penalty

    Transportation of goods without complete set of required documents under CGST and SCGT act.

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 12 complaints open, quarter to Jun 2025.
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
Yes
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.