Eveready Industries India MD, chairman, board of directors and AGM
NSE: EVEREADYBSE: 531508Household ProductsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹314.45.
- Next results date: the board meets on 31 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹2,207 Cr1,098th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 8 Aug 2026
- 12.4
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹56 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 18.0
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 30 Apr 2026
- 3.5
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.82%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 8 Aug 2026
- 32.9%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹56 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 22.6%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 8 Aug 2026
- 17.6%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 30 Apr 2026
- 0.29
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,07,82061.9% delivered
Eveready Industries India 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
- ChairpersonAnand Chand BurmanRelated to the promoter
- Company Secretary and Compliance OfficerShampa Ghosh Ray
14 directors7 independent1 executive6 non-executive
- Anand Chand Burman · ChairpersonNon-executive · joined Jul 2022 · 1 listed board
- Mohit BurmanNon-executive · joined Jul 2022 · 2 listed boards · 1 committee seat
- Aditya Chand BurmanNon-executive · joined Nov 2025 · 2 listed boards · 1 committee seat
- Bibek AgarwalaExecutive · joined Aug 2024 · 1 listed board
- Arundhuti DharIndependent · joined May 2019 · reappointed May 2024 · 88 months as independent · 2 listed boards · 2 as independent · 4 committee seats
- Mahesh ShahIndependent · joined May 2019 · reappointed May 2024 · 88 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair
- Roshan Louis JosephIndependent · joined Oct 2019 · reappointed Oct 2024 · 83 months as independent · 1 listed board · 1 as independent
- Utsav ParekhNon-executive · joined Jan 2021 · 7 listed boards · 4 as independent · 9 committee seats, 3 as chair
- Sourav BhagatIndependent · joined Jan 2021 · reappointed Jan 2026 · 68 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Girish MehtaNon-executive · joined Apr 2021 · 1 listed board
- Sunil SikkaIndependent · joined Apr 2021 · reappointed Apr 2026 · 65 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair
- Sunil Kumar AlaghIndependent · joined Jul 2022 · 50 months as independent · 2 listed boards · 2 as independent
- Arjun LambaNon-executive · joined Jul 2022 · 2 listed boards · 3 committee seats
- Ashok Kumar BaratIndependent · joined Feb 2025 · 19 months as independent · 7 listed boards · 7 as independent · 8 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
- Suvamoy Saha, left 30 Sep 2025: Tenure Completion
- Sharad Kumar, left 2 Dec 2024: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 8 Aug 202614 of 14 present7 independent · 99 days in between
- 30 Apr 202614 of 14 present7 independent
Audit Committee
Chair Sunil Sikka
Arundhuti Dhar, Mahesh Shah, Sourav Bhagat, Mohit Burman
- 8 Aug 20265 of 5 present4 independent · 99 days in between
- 30 Apr 20265 of 5 present4 independent
Nomination and remuneration committee
Chair Roshan Louis Joseph
Mahesh Shah, Mohit Burman, Sunil Sikka, Girish Mehta, Sunil Kumar Alagh
- 8 Jun 20266 of 6 present4 independent · 38 days in between
- 30 Apr 20265 of 5 present4 independent
Stakeholders Relationship Committee
Chair Mahesh Shah
Arundhuti Dhar, Sourav Bhagat
- 25 Apr 20263 of 3 present3 independent
Risk Management Committee
Chair Ashok Kumar Barat
Girish Mehta, Bibek Agarwala, Roshan Louis Joseph
- 8 Aug 20264 of 4 present2 independent
Corporate Social Responsibility Committee
Chair Arjun Lamba
Arundhuti Dhar, Mahesh Shah, Bibek Agarwala
- 25 Apr 20264 of 4 present3 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 Singhi & Co.Peer-review certificate valid to Aug 2028
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Eveready Industries 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.Eveready Industries India dividend history
Annual general meeting, 11 Aug 2026
64,730 shareholders on the register on 4 Aug 2026; present: 18 promoters and 64 others; votes counted by A K LABH / A.K.LABH & CO.,.The company's voting result (opens in a new tab)
- To receive consider and adopt the audited financial statements (both standalone and consolidated) of the Company for the financial year ended March 31, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.79% · promoters 98.88% · institutions 88.64% · other public 33.93%
- To declare dividend of Rs 2.50/- (50%) per fully paid up equity share of face value of Rs.5 each, for the financial year ended March 31, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.79% · promoters 98.88% · institutions 88.64% · other public 33.93%
- To appoint a Director in place of Mr. Utsav Parekh (DIN 00027642), who retires by rotation and being eligible, offers himself for reappointmentOrdinary99.14% for0.86% against
Against: promoters 0.00% · institutions 7.75% · other public 0.01%
Turnout: all 66.79% · promoters 98.88% · institutions 88.64% · other public 33.93%
- To appoint a Director in place of Mr. Girish Mehta (DIN 00048002), who retires by rotation and being eligible, offers himself for re-appointmentOrdinary99.66% for0.34% against
Against: promoters 0.00% · institutions 3.07% · other public 0.01%
Turnout: all 66.79% · promoters 98.88% · institutions 88.64% · other public 33.93%
To pay remuneration, by way of commission, of an amount not exceeding Rs. 3.00 Crores per annum to Mr. Arjun Lamba (DIN 00124804), Non Executive Director of the Company, for a period of three (3) years, effective 1st April 2026MoreLess
Special99.09% for0.91% againstAgainst: promoters 0.00% · institutions 8.19% · other public 0.04%
Turnout: all 66.79% · promoters 98.88% · institutions 88.64% · other public 33.93%
- To pay remuneration of Rs.10.00 Lakhs, to each Non Executive Independent Director of the CompanySpecial99.65% for0.35% against
Against: promoters 0.00% · institutions 3.07% · other public 0.03%
Turnout: all 66.79% · promoters 98.88% · institutions 88.64% · other public 33.93%
- To ratify the remuneration of Rs 3.85 Lakhs plus applicable taxes and reimbursement of out of pocket expenses at actual,for the Financial year ending March 31,2027Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 66.79% · promoters 98.88% · institutions 88.64% · other public 33.93%
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 2026, 3 resolutions
64,831 shareholders on the register on 6 Feb 2026; votes counted by A K LABH / A K LABH & CO..The company's voting result (opens in a new tab)
- Amendment in the Articles of Association of the CompanySpecial99.82% for0.18% against
Against: promoters 0.00% · institutions 0.00% · other public 0.75%
Turnout: all 66.20% · promoters 98.87% · institutions 92.02% · other public 33.08%
- Approval of Eveready Industries India Limited Employee Stock Option Plan 2026Special99.01% for0.99% against
Against: promoters 0.00% · institutions 7.35% · other public 0.74%
Turnout: all 66.20% · promoters 98.87% · institutions 92.02% · other public 33.08%
- Revision in Remuneration of Mr. Bibek Agarwala (DIN: 07267564), Executive Director and Chief Financial Officer of the CompanyOrdinary99.81% for0.19% against
Against: promoters 0.00% · institutions 0.00% · other public 0.77%
Turnout: all 66.20% · promoters 98.87% · institutions 92.02% · other public 33.08%
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 Jan 2026, 4 resolutions
66,526 shareholders on the register on 5 Dec 2025; votes counted by A K LABH / A.K.LABH & CO..The company's voting result (opens in a new tab)
- Appointment of Mr. Aditya Chand Burman (DIN: 00042277) as Non-Executive Non-Independent Director of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 63.61% · promoters 98.87% · institutions 38.44% · other public 36.53%
- Re-appointment of Mr. Sourav Bhagat (DIN: 09040237) as Non-Executive Independent Director of the Company.Special99.67% for0.33% against
Against: promoters 0.00% · institutions 6.89% · other public 0.01%
Turnout: all 63.61% · promoters 98.87% · institutions 38.44% · other public 36.53%
- Re-appointment of Mr. Sunil Sikka (DIN: 08063385) as Non-Executive Independent Director of the Company.Special99.67% for0.33% against
Against: promoters 0.00% · institutions 6.90% · other public 0.01%
Turnout: all 63.61% · promoters 98.87% · institutions 38.44% · other public 36.53%
- Increase in maximum number of Directors on Board of Directors of the Company to 16 DirectorsSpecial99.08% for0.92% against
Against: promoters 0.00% · institutions 19.12% · other public 0.03%
Turnout: all 63.61% · promoters 98.87% · institutions 38.44% · other public 36.53%
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.
Postal ballot, 16 Oct 2025, 2 resolutions
69,114 shareholders on the register on 5 Sep 2025; votes counted by CS ATUL KUMAR LABH / A K LABH & CO. COMPANY SECRETARIES.The company's voting result (opens in a new tab)
- Payment of Remuneration to the Non-Executive Independent Directors of the CompanySpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 66.64% · promoters 98.90% · institutions 91.56% · other public 34.28%
- Revision in remuneration of Mr. Bibek Agarwal (DIN: 07267564), Executive Director and Chief Financial Officer of the CompanyOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 66.64% · promoters 98.90% · institutions 91.56% · other public 34.28%
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.
Annual general meeting, 5 Aug 2025, 7 resolutions
68,985 shareholders on the register on 29 Jul 2025; present: 15 promoters and 81 others; votes counted by A K LABH / A K LABH & CO..The company's voting result (opens in a new tab)
To receive, consider and adopt the audited financial statements (both standalone and consolidated) of the Company for the financial year ended March 31, 2025 along with Auditors’ Reports and the Report of the Directors’ thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 63.34% · promoters 98.90% · institutions 94.83% · other public 27.43%
- To declare dividend of Rs. 1.50 (30%) per fully paid up equity share of face value of Rs. 5/- each, for the financial year ended March 31, 2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 63.34% · promoters 98.90% · institutions 94.83% · other public 27.43%
- To appoint a Director in place of Mr. Arjun Lamba (DIN: 00124804), who retires by rotation and being eligible, offers himself for reappointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 63.34% · promoters 98.90% · institutions 94.83% · other public 27.43%
To appoint a Director in place of Dr. Anand Chand Burman (DIN: 00056216), who retires by rotation and being eligible, offers himself for re-appointment and who shall continue to be the Director of the Company after attaining the age of 75 Years in the Year 2027MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 63.34% · promoters 98.90% · institutions 94.83% · other public 27.43%
The payment of remuneration to Mr. Arjun Lamba (DIN: 00124804), Non- Executive Director of the Company, exceeding fifty percent of the total annual remuneration payable to all the Non-Executive Directors of the Company, for the financial year ending March 31, 2026, in continuation of the consent of the members, accorded at the 88th Annual General Meeting of the Company, held on August 2, 2023MoreLess
Special99.41% for0.59% againstAgainst: promoters 0.00% · institutions 5.00% · other public 0.16%
Turnout: all 63.34% · promoters 98.90% · institutions 94.83% · other public 27.43%
- Ratification of remuneration to be paid to the Cost Auditor for the financial year 2025-26.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 63.34% · promoters 98.90% · institutions 94.83% · other public 27.43%
- Approve the appointment of M/s MKB & Associates, Firm of Company Secretaries in Practice as Secretarial Auditor of the Company for a period of five consecutive financial yearsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 63.34% · promoters 98.90% · institutions 94.83% · other public 27.43%
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, 8 Apr 2025, 3 resolutions
70,586 shareholders on the register on 28 Feb 2025; votes counted by CS ATUL KUMAR LABH / A K LABH & CO. COMPANY SECRETARIES.The company's voting result (opens in a new tab)
- Appointment of Mr. Ashok Kumar Barat [DIN: 00492930] as Independent Director of the CompanySpecial99.43% for0.57% against
Against: promoters 0.00% · institutions 4.23% · other public 0.54%
Turnout: all 59.05% · promoters 98.90% · institutions 93.33% · other public 19.22%
- Payment of Remuneration to the Non‐Executive Independent Directors of the Company for the Financial Year 2024‐2025Special99.91% for0.09% against
Against: promoters 0.00% · institutions 0.00% · other public 0.55%
Turnout: all 59.05% · promoters 98.90% · institutions 93.33% · other public 19.22%
- Re‐appointment of Mr. Suvamoy Saha [DIN: 00112375] as Managing Director of the CompanyOrdinary99.91% for0.09% against
Against: promoters 0.00% · institutions 0.00% · other public 0.54%
Turnout: all 59.05% · promoters 98.90% · institutions 93.33% · other public 19.22%
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, 22 Oct 2024, 1 resolution
The company's voting result (opens in a new tab)
Appointment of Mr. Bibek Agarwala (DIN: 07267564), the Chief Financial Officer and Key Managerial Personnel of the Comapny, as a Whole-time Director of the Company, designated as Executive Director and Chief Financial Officer, for a period of five years, effective August 5, 2024.MoreLess
Ordinary99.98% for0.02% againstAgainst: promoters 0.00% · institutions 0.11% · other public 0.03%
Turnout: all 66.55% · promoters 98.90% · institutions 90.36% · other public 35.63%
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, 3 Aug 2024, 7 resolutions
Present: 0 promoters and 49 others.The company's voting result (opens in a new tab)
Adoption of the a. Audited Financial Statements for the financial year ended March 31, 2024, Reports of the Directors & Auditors thereon b. Audited Consolidated Financial Statements & Auditors Report thereon for the said financial year.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.78% · promoters 98.90% · institutions 91.99% · other public 32.35%
- Declaration of dividend of Re. 1/- (20%) per fully paid up equity share of face value of Rs. 5/- each, for the financial year ended March 31, 2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.78% · promoters 98.90% · institutions 91.99% · other public 32.35%
- Re-appointment of Mr. Utsav Parekh (DIN: 00027642), who retires by rotation and being eligible, offers himself for re-appointmentOrdinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.60% · other public 0.01%
Turnout: all 64.78% · promoters 98.90% · institutions 91.99% · other public 32.35%
- Re-appointment of Mr. Mohit Burman (DIN: 00021963), who retires by rotation and being eligible, offers himself for re-appointment.Ordinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.59% · other public 0.01%
Turnout: all 64.78% · promoters 98.90% · institutions 91.99% · other public 32.35%
Appointment of M/s Singhi and Co., Chartered Accountants (Firm Registration No. 302049E) as Auditors of the Company for a second term of 5 consecutive years from the conclusion of this 89th AGM till the conclusion of the 94th AGM of the Company, at such remuneration plus out-of-pocket expenses and applicable taxes, as may be fixed by the Board of Directors of the Company.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.78% · promoters 98.90% · institutions 91.99% · other public 32.35%
Annual approval of the members for payment of remuneration to Mr. Arjun Lamba (DIN: 00124804), Non-Executive Director of the Company, exceeding fifty percent of the total annual remuneration payable to all the Non-Executive Directors of the Company, for the he financial year ending March 31, 2025.MoreLess
Special99.87% for0.13% againstAgainst: promoters 0.00% · institutions 3.10% · other public 0.00%
Turnout: all 61.61% · promoters 98.90% · institutions 40.74% · other public 32.35%
- Ratification of the remuneration to the Cost AuditorOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.78% · promoters 98.90% · institutions 91.99% · other public 32.35%
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.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 11 Aug 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)
- To receive consider and adopt the audited financial statements (both standalone and consolidated) of the Company for the financial year ended March 31, 20261 for0 against
- To declare dividend of Rs 2.50/- (50%) per fully paid up equity share of face value of Rs.5 each, for the financial year ended March 31, 20261 for0 against
- To appoint a Director in place of Mr. Utsav Parekh (DIN 00027642), who retires by rotation and being eligible, offers himself for reappointment1 for0 against
- To appoint a Director in place of Mr. Girish Mehta (DIN 00048002), who retires by rotation and being eligible, offers himself for re-appointment1 for0 against
To pay remuneration, by way of commission, of an amount not exceeding Rs. 3.00 Crores per annum to Mr. Arjun Lamba (DIN 00124804), Non Executive Director of the Company, for a period of three (3) years, effective 1st April 2026MoreLess
1 for0 against- To pay remuneration of Rs.10.00 Lakhs, to each Non Executive Independent Director of the Company1 for0 against
- To ratify the remuneration of Rs 3.85 Lakhs plus applicable taxes and reimbursement of out of pocket expenses at actual,for the Financial year ending March 31,20271 for0 against
Mutual fund votes, meeting of 18 Mar 2026, 3 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Amendment in the Articles of Association of the Company2 for0 against
- Approval of Eveready Industries India Limited Employee Stock Option Plan 2026
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundNon-Compliant under SEBI SBEB Regulations 2021: The Company has not disclosed the Exercise Price/ Pricing Formula. The intent behind SEBI mandating disclosure of exercise price in the Notice, is that the shareholders could estimate the economic benefit proposed to be transferred to its employees during the course of time. Nondisclosure or authorizing NRC to decide such price defeats the purpose of SEBI requiring Companies to disclose such information. Governance Concern: Potential maximum benefit that may be granted to a single employee appears to be excessive.
1 for1 against - Revision in Remuneration of Mr. Bibek Agarwala (DIN: 07267564), Executive Director and Chief Financial Officer of the Company
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundCompliant with law. Governance & Transparency Concern: No major concern on the proposed quantum of remuneration per-se; however, no absolute cap on the potential ESOP benefits. In the absence of such a cap, the potential payout under the variable remuneration remains uncertain.
2 for1 against
2 proposals not matched to one resolution
- Item 1, as a fund house numbered it1 for0 against
- Item 2, as a fund house numbered it
Against Taurus Mutual Fund
- Taurus Mutual FundUnder ESOP Plan 2026, the company proposes to grant up to 2,181,000 options to eligible employees, at exercise price and vesting conditions as determined by the Nomination and Remuneration Committee (NRC). The proposed scheme will result in an overall dilution of ~3.0% on the expanded capital base. The vesting of options is time-based and the NRC may prescribe additional performance criteria. There is no clarity on the exercise price since it is at the discretion of the NRC. In case of deeply discounted options, there is no alignment between the interests of investors and employees. Further, if the NRC prescribes performance criteria, the performance parameters and targets have not been disclosed. We do not support the resolution.
0 for1 against
6 earlier meetings
Mutual fund votes, meeting of 12 Jan 2026, 3 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Appointment of Mr. Aditya Chand Burman (DIN: 00042277) as Non-Executive Non-Independent Director of the Company3 for0 against
- Re-appointment of Mr. Sourav Bhagat (DIN: 09040237) as Non-Executive Independent Director of the Company.
Against Taurus Mutual Fund
- Taurus Mutual FundSourav Bhagat, 44, is Partner at Fox & Mandal, a multidisciplinary law firm. He has over two decades of experience in corporate law, regulatory matters, and legal advisory. He has served on the board of the company since 28 January 2021. He has attended 100% (4 out of 4) board meetings held in FY25 and all four board meetings held in FY26 till 5 November 2025. While his reappointment is in line with the statutory requirements, we note that Fox & Mandal had business relationship with the company during FY25. Given that the company has availed legal services from Fox & Mandal in FY25, we do not support reappointment of Sourav Bhagat as an Independent Director. Hence, we do not support the resolution.
2 for1 against - Re-appointment of Mr. Sunil Sikka (DIN: 08063385) as Non-Executive Independent Director of the Company.
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundCompliant with law. No concern w.r.t. the merits of the proposed appointee. Governance Concern: Appointee holds directorship in an entity that is engaged similar line of business.
1 for1 against - Increase in maximum number of Directors on Board of Directors of the Company to 16 Directors
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundCompliant with law. Governance concern: The proposed limit appears to be excessive, considering the size of the Company. No reason provided to justify the requirement for the proposed increase.
1 for1 against
2 proposals not matched to one resolution
- Item 3, as a fund house numbered it
Against Taurus Mutual Fund
- Taurus Mutual FundSunil Sikka, 70, previously served as President – Havells India Limited. He has worked with Havells and Bajaj Electricals for over four decades. He has served on the board since 21 April 2021. He has attended 100% (4 out of 4) board meetings held in FY25 and all four board meetings held in FY26 till 5 November 2025. His reappointment as an independent director is in line with statutory requirements. However, we are unable to support the resolution since he also serves as Independent Director on the board of Surya Roshni Limited, which has similar range of products as the company. His board membership in a competing business in the same sector, could pose a potential conflict for his directorship at Eveready Industries India Limited. The board must disclose how it has addressed this conflict of interest. We do not support the resolution.
0 for1 against - Item 4, as a fund house numbered it
Against Taurus Mutual Fund
- Taurus Mutual FundCurrently, there are 14 directors on the board of the company, while the median board size for NIFTY500 companies (on 31 December 2024) and peer group was nine board members. At 14, the company’s board size is large, especially for the size of the company. IiAS generally does not support resolutions regarding an increase in size of the board over 15 directors, because consensus on many critical issues may be difficult. We note that there are currently four promoter directors and seven independent directors on the board as per the company. Since the board composition is compliant with regulations, the rationale for increasing the size of the board is not clear. We do not support the resolution.
0 for1 against
Mutual fund votes, meeting of 16 Oct 2025, 3 fund houses
- Payment of Remuneration to the Non-Executive Independent Directors of the Company
Against Taurus Mutual Fund
- Taurus Mutual FundThe proposed remuneration to independent directors for FY25 was Rs. 1.1 mn per director. The proposed remuneration at Rs. 1.36 mn per director, represents 0.8% of FY25 profits in aggregate. The amount is reasonable, in line with market practices and capped per director in absolute amounts. However, the tenure for payment of remuneration is unclear. We believe shareholders must get a chance to periodically approve such payments and therefore do not support the resolution.
2 for1 against - Revision in remuneration of Mr. Bibek Agarwal (DIN: 07267564), Executive Director and Chief Financial Officer of the Company3 for0 against
Mutual fund votes, meeting of 5 Aug 2025, 2 fund houses
To receive, consider and adopt the audited financial statements (both standalone and consolidated) of the Company for the financial year ended March 31, 2025 along with Auditors’ Reports and the Report of the Directors’ thereonMoreLess
2 for0 against- To declare dividend of Rs. 1.50 (30%) per fully paid up equity share of face value of Rs. 5/- each, for the financial year ended March 31, 20252 for0 against
- To appoint a Director in place of Mr. Arjun Lamba (DIN: 00124804), who retires by rotation and being eligible, offers himself for reappointment.
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundCompliant with law. Governance concern: Remuneration / Commission paid in past was at par with the total remuneration paid to the Managing Director and also proposed at the same rate appears excessive and unjustified when compared to the remuneration paid to other directors on the Board.
1 for1 against To appoint a Director in place of Dr. Anand Chand Burman (DIN: 00056216), who retires by rotation and being eligible, offers himself for re-appointment and who shall continue to be the Director of the Company after attaining the age of 75 Years in the Year 2027MoreLess
2 for0 againstThe payment of remuneration to Mr. Arjun Lamba (DIN: 00124804), Non- Executive Director of the Company, exceeding fifty percent of the total annual remuneration payable to all the Non-Executive Directors of the Company, for the financial year ending March 31, 2026, in continuation of the consent of the members, accorded at the 88th Annual General Meeting of the Company, held on August 2, 2023MoreLess
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundCompliant with law. Governance concern: Remuneration / Commission paid in past was at par with the total remuneration paid to the Managing Director and also proposed at the same rate appears excessive and unjustified when compared to the remuneration paid to other directors on the Board.
1 for1 against- Ratification of remuneration to be paid to the Cost Auditor for the financial year 2025-26.2 for0 against
- Approve the appointment of M/s MKB & Associates, Firm of Company Secretaries in Practice as Secretarial Auditor of the Company for a period of five consecutive financial years2 for0 against
Mutual fund votes, meeting of 8 Apr 2025, 5 fund houses
- Appointment of Mr. Ashok Kumar Barat [DIN: 00492930] as Independent Director of the Company5 for0 against
- Payment of Remuneration to the Non‐Executive Independent Directors of the Company for the Financial Year 2024‐20255 for0 against
- Re‐appointment of Mr. Suvamoy Saha [DIN: 00112375] as Managing Director of the Company5 for0 against
Mutual fund votes, meeting of 22 Oct 2024, 4 fund houses
Appointment of Mr. Bibek Agarwala (DIN: 07267564), the Chief Financial Officer and Key Managerial Personnel of the Comapny, as a Whole-time Director of the Company, designated as Executive Director and Chief Financial Officer, for a period of five years, effective August 5, 2024.MoreLess
4 for0 against
Mutual fund votes, meeting of 3 Aug 2024, 4 fund houses
Adoption of the a. Audited Financial Statements for the financial year ended March 31, 2024, Reports of the Directors & Auditors thereon b. Audited Consolidated Financial Statements & Auditors Report thereon for the said financial year.MoreLess
4 for0 against- Declaration of dividend of Re. 1/- (20%) per fully paid up equity share of face value of Rs. 5/- each, for the financial year ended March 31, 2024.4 for0 against
- Re-appointment of Mr. Utsav Parekh (DIN: 00027642), who retires by rotation and being eligible, offers himself for re-appointment
Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern- Excessive time commitments. Questionable past practice.
1 for3 against - Re-appointment of Mr. Mohit Burman (DIN: 00021963), who retires by rotation and being eligible, offers himself for re-appointment.4 for0 against
Appointment of M/s Singhi and Co., Chartered Accountants (Firm Registration No. 302049E) as Auditors of the Company for a second term of 5 consecutive years from the conclusion of this 89th AGM till the conclusion of the 94th AGM of the Company, at such remuneration plus out-of-pocket expenses and applicable taxes, as may be fixed by the Board of Directors of the Company.MoreLess
4 for0 againstAnnual approval of the members for payment of remuneration to Mr. Arjun Lamba (DIN: 00124804), Non-Executive Director of the Company, exceeding fifty percent of the total annual remuneration payable to all the Non-Executive Directors of the Company, for the he financial year ending March 31, 2025.MoreLess
Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance concern: Inadequate justification for payment of such high commission.
1 for3 against- Ratification of the remuneration to the Cost Auditor4 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 Sep 2026.
- Fine or penaltyAssistant Commissioner of State Tax, Special Circle-VJA1, Vijaywada I, Andhra PradeshSince 11 Aug 2026
Order issued in DRC-07 levying penalty of Rs.1.74 Lakhs
Tax Liability in GSTR-3B is less as compared to GSTR - 2A under RCM. Excess claim of ITC under GSTR-3B and Tax Liability due to Table 4(B)(2) reversal.
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
- 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
- No
- 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.