Expleo Solutions logo

Expleo Solutions CEO, MD, chairman, board of directors and AGM

NSE: EXPLEOSOLBSE: 533121IT - ServicesSmall Cap

Formerly SQS India BFSI
Last close ₹811.35down ₹31.35 (3.72%)BSE ₹810.05

Share price at the NSE close on 23 Oct 2026. Previous close ₹842.70.

52-week range of traded prices to 23 Oct 2026
₹640.00Low, 30 Mar 2026₹1,175.10High, 14 Nov 2025
Market cap
₹1,259 Cr1,354th largest listed
P/E
9.1
P/E without one-offs
8.3
P/B
1.6
Dividend yield
13.56%
ROE
19.5%
ROE without one-offs
21.6%
ROCE
19.8%
Debt to equity
0.00
Volume, NSE
37,01246.9% delivered

Expleo Solutions 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

  • ChairpersonRalph GillessenRelated to the promoter
  • Managing director and CEOPhani Tangirala
  • Company Secretary and Compliance OfficerS.Sampath Kumar

6 directors4 independent1 executive1 non-executive

  • Ralph Gillessen · ChairpersonNon-executive · joined Aug 2018 · 1 listed board
  • Phani Tangirala · Managing director and CEOExecutive · joined Aug 2024 · 1 listed board · 1 committee seat
  • Narayanan SubramaniamIndependent · joined Apr 2024 · reappointed Apr 2024 · 27 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair
  • Varadharajan SridharIndependent · joined Apr 2024 · reappointed Apr 2024 · 27 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Srivardhini Keshavamurthy JhaIndependent · joined Apr 2024 · reappointed Apr 2024 · 27 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Shalini Kalsi KamathIndependent · joined Jun 2024 · reappointed Jun 2024 · 24 months as independent · 3 listed boards · 3 as independent · 4 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.

2 directors who left
  • Rajesh Krishnamurthy, left 12 Jan 2026: Others
  • Lilian Jessie Paul, left 29 Oct 2024: Tenure Completion

Committees and meetings

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

  • Board

    • 13 May 20266 of 6 present4 independent · 98 days in between
    • 3 Feb 20265 of 6 present3 independent

  • Audit Committee

    Chair Narayanan Subramaniam

    Varadharajan Sridhar, Srivardhini Keshavamurthy Jha

    • 13 May 20263 of 3 present3 independent · 99 days in between
    • 2 Feb 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair Varadharajan Sridhar

    Ralph Gillessen, Narayanan Subramaniam, Srivardhini Keshavamurthy Jha, Shalini Kalsi Kamath

    • 12 May 20265 of 5 present4 independent · 98 days in between
    • 2 Feb 20265 of 5 present4 independent

  • Stakeholders Relationship Committee

    Chair Varadharajan Sridhar

    Narayanan Subramaniam, Shalini Kalsi Kamath, Phani Tangirala

    • 12 May 20264 of 4 present3 independent · 98 days in between
    • 2 Feb 20264 of 4 present3 independent

  • Risk Management Committee

    Chair Narayanan Subramaniam

    Phani Tangirala, Srivardhini Keshavamurthy Jha

    • 12 May 20263 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair Shalini Kalsi Kamath

    Srivardhini Keshavamurthy Jha, Varadharajan Sridhar, Phani Tangirala

    • 26 May 20263 of 4 present3 independent · 13 days in between
    • 12 May 20264 of 4 present3 independent · 98 days in between
    • 2 Feb 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. 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.

Expleo Solutions 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.Expleo Solutions dividend history

Annual general meeting, 26 Aug 2026

30,511 shareholders on the register on 19 Aug 2026; present: 1 promoter and 49 others; votes counted by Mr. V. Suresh / V. Suresh Associates, Practising Company Secretaries.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a) The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, with the reports of the Board of Directors’ and Auditor’s thereon. b) The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, and Auditor’s Report thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.57% · promoters 100.00% · institutions 0.86% · other public 5.38%

  2. To appoint a Director in place of Mr. Phani Tangirala (DIN: 01871595), who retires by rotation, in terms of Section 152(6) of the Companies Act, 2013, at this Annual General Meeting and being eligible offers himself for re-appointment.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.57% · promoters 100.00% · institutions 0.86% · other public 5.38%

  3. To declare a Final Dividend of Rs.110/- per share of the face value of Rs.10/- each for the Financial Year 2025-26.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.57% · promoters 100.00% · institutions 0.86% · other public 5.38%

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, 21 Aug 2025, 4 resolutions

28,999 shareholders on the register on 14 Aug 2025; present: 1 promoter and 49 others; votes counted by Mr. V. Suresh / V. Suresh Associates, Practising Company Secretaries.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a) The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, with the reports of the Board of Directors’ and Auditor’s thereon. b) The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, and Auditor’s Report thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.46% · promoters 100.00% · institutions 4.32% · other public 1.35%

  2. To ratify the payment of interim dividend of Rs.50/- (500%) per equity share of the face value of Rs.10/- for the financial year 2024-25.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.46% · promoters 100.00% · institutions 4.32% · other public 1.35%

  3. To appoint a Director in place of Mr. Rajesh Krishnamurthy (DIN: 08288884) who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, at this Annual General Meeting and being eligible offers himself for re-appointment.MoreLess
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 90.33% · other public 0.02%

    Turnout: all 71.46% · promoters 100.00% · institutions 4.32% · other public 1.35%

  4. Appointment of M/s. Alagar & Associates LLP (formerly known as M/s. Alagar & Associates), Company Secretaries (Firm Registration No. L2025TN019200) as Secretarial Auditors of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.46% · promoters 100.00% · institutions 4.32% · other public 1.35%

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, 29 Aug 2024, 8 resolutions

Present: 1 promoter and 49 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2024 together with the report of Auditors and Board of Directors thereon.
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 73.76% · promoters 100.00% · institutions 17.35% · other public 9.01%

  2. To appoint a Director in place of Mr. Ralph Gillessen (DIN: 05184138) who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 at this Annual General Meeting and being eligible offers himself for re-appointmentMoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.30%

    Turnout: all 73.76% · promoters 100.00% · institutions 17.35% · other public 9.01%

  3. To appoint Statutory Auditors to fill casual vacancy
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 73.76% · promoters 100.00% · institutions 17.35% · other public 9.01%

  4. To appoint Statutory Auditors and fix their remuneration
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.30%

    Turnout: all 73.67% · promoters 100.00% · institutions 17.35% · other public 8.70%

  5. Appointment of Mr. Phani Tangirala (DIN: 01871595) as Director of the Company
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.15%

    Turnout: all 73.72% · promoters 100.00% · institutions 17.35% · other public 8.86%

  6. Appointment of Mr. Phani Tangirala (DIN: 01871595) as Managing Director and Chief Executive Officer (Key Managerial Personnel) of the Company
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.41%

    Turnout: all 73.76% · promoters 100.00% · institutions 17.35% · other public 9.01%

  7. Appointment of Ms. Shalini Kalsi Kamath - (DIN: 06993314) as Independent Director (Non-Executive) of the Company.
    Special
    99.99% for0.01% against

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

    Turnout: all 73.76% · promoters 100.00% · institutions 17.35% · other public 9.01%

  8. Approval of Related Party Transactions
    OrdinaryPromoters have an interest in it
    99.71% for0.29% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.31%

    Turnout: all 2.59% · promoters 0.00% · institutions 17.35% · other public 8.55%

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

Postal ballot, 21 Mar 2024, 4 resolutions

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

  1. Appointment of Mr. Narayanan Subramaniam - (DIN - 00166621) as Independent Director (Non-Executive) of the Company.
    Special
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 95.01% · other public 0.37%

    Turnout: all 72.13% · promoters 100.00% · institutions 4.88% · other public 3.62%

  2. Appointment of Dr. Srivardhini Keshavamurthy Jha - (DIN - 06373409) as Independent Director (Non-Executive) of the Company.
    Special
    100.00% for0.00% against

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

    Turnout: all 72.13% · promoters 100.00% · institutions 4.88% · other public 3.62%

  3. Appointment of Dr. Varadharajan Sridhar - (DIN - 00082156) as Independent Director (Non-Executive) of the Company.
    Special
    100.00% for0.00% against

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

    Turnout: all 72.13% · promoters 100.00% · institutions 4.88% · other public 3.62%

  4. Payment of remuneration to Directors other than Managing Director or Whole-time Director.
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.12%

    Turnout: all 72.13% · promoters 100.00% · institutions 4.88% · other public 3.62%

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, 5 resolutions

Present: 1 promoter and 54 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2023 together with the report of Auditors and Board of Directors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.63% · promoters 100.00% · institutions 63.92% · other public 10.39%

  2. To appoint a Director in place of Mr. Rajesh Krishnamurthy (DIN - 08288884) who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 at this Annual General Meeting and being eligible offers himself for re-appointment.MoreLess
    Ordinary
    97.50% for2.50% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.34%

    Turnout: all 75.63% · promoters 100.00% · institutions 63.93% · other public 10.39%

  3. To declare a Final Dividend of Rs.5/- per share of the face value of Rs.10/- each for the Financial Year 2022-23.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.34%

    Turnout: all 75.63% · promoters 100.00% · institutions 63.92% · other public 10.39%

  4. Approval of Related Party Transactions.
    OrdinaryPromoters have an interest in it
    58.61% for41.39% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.52%

    Turnout: all 4.58% · promoters 0.00% · institutions 63.92% · other public 10.39%

  5. Change of Object Clause of the Memorandum of Association of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.34%

    Turnout: all 75.63% · promoters 100.00% · institutions 63.92% · other public 10.39%

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, 20 Jun 2023, 1 resolution

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

  1. Appointment of Mr. Prashant Eknath Bramhankar (DIN 07439819) as Whole-time Director and Chief Operating Officer (Key Managerial Personnel) of the Company.
    Special
    98.89% for1.11% against

    Against: promoters 0.00% · institutions 0.00% · other public 30.51%

    Turnout: all 40.47% · promoters 52.23% · institutions 58.99% · other public 5.74%

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: 1 promoter and 60 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2022 together with the reports of the Board of Directors’ and Auditors’ thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 59.28% · promoters 100.00% · institutions 50.18% · other public 4.49%

  2. Re-appointment of Mr. Ralph Franz Gillessen (DIN – 05184138), as a Director of the Company, liable to retire by rotation
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 59.28% · promoters 100.00% · institutions 50.18% · other public 4.49%

  3. Reappointment of M/s. Kalyaniwalla & Mistry LLP, Chartered Accountants, (ICAI Firm Registration No.104607W/W100166), Statutory Auditors of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 59.28% · promoters 100.00% · institutions 50.18% · other public 4.49%

  4. Appointment of Mr. Prashant Eknath Bramhankar (DIN - 07439819) as Non-Executive Director
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 59.28% · promoters 100.00% · institutions 50.18% · other public 4.49%

  5. Approval of Related Party Transactions
    OrdinaryPromoters have an interest in it
    59.66% for40.34% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.04%

    Turnout: all 3.11% · promoters 0.00% · institutions 50.18% · other public 4.49%

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.

Meeting called by the tribunal, 2 Aug 2022, 1 resolution

Present: 1 promoter and 134 others.The company's voting result (opens in a new tab)

  1. Approving the Scheme of Amalgamation between Expleo India Infosystems Private Limited ('EIIPL' or 'the Transferor Company 1') and Expleo Technologies India Private Limited ('ETIPL' or 'the Transferor Company 2') and Expleo Engineering India Private Limited ('EEIPL' or 'the Transferor Company 3') and Silver Software Development Centre Private Limited ('SSDCPL or 'the Transferor Company 4') and their respective shareholdersMoreLess
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 65.99% · promoters 100.00% · institutions 99.90% · other public 17.74%

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 21 Aug 2025, 1 fund house

  • To receive, consider and adopt: a) The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, with the reports of the Board of Directors’ and Auditor’s thereon. b) The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, and Auditor’s Report thereon.MoreLess
    1 for0 against
  • To ratify the payment of interim dividend of Rs.50/- (500%) per equity share of the face value of Rs.10/- for the financial year 2024-25.
    1 for0 against
  • To appoint a Director in place of Mr. Rajesh Krishnamurthy (DIN: 08288884) who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, at this Annual General Meeting and being eligible offers himself for re-appointment.MoreLess
    1 for0 against
  • Appointment of M/s. Alagar & Associates LLP (formerly known as M/s. Alagar & Associates), Company Secretaries (Firm Registration No. L2025TN019200) as Secretarial Auditors of the Company.
    1 for0 against

Mutual fund votes, meeting of 21 Mar 2024, 1 fund house

  • Appointment of Mr. Narayanan Subramaniam - (DIN - 00166621) as Independent Director (Non-Executive) of the Company.
    Against Invesco Mutual Fund
    • Invesco Mutual FundNarayanan Subramaniam, 62, is the Founder and Director of MCap Fund Advisors. He has more than 30 years of experience across technology and start-up companies for financial restructuring and growth. He is a Chartered Accountant and has a post-graduate degree from IIM, Ahmedabad. Post the current appointment with effect from 1 April 2024, he will serve on the board of four listed companies (including Expleo Solutions Limited). Given their full-time responsibilities, regulations allow whole-time directors of listed companies to be independent directors on a maximum of three listed companies. We believe that as a founder and Director of MCap Fund Advisors, Narayanan Subramaniam’s responsibilities are equivalent to a whole-time directorship. Therefore, his high number of directorships on listed companies is not in keeping with the spirit of the regulation. We do not support his appointment
    0 for1 against
  • Appointment of Dr. Srivardhini Keshavamurthy Jha - (DIN - 06373409) as Independent Director (Non-Executive) of the Company.
    1 for0 against
  • Appointment of Dr. Varadharajan Sridhar - (DIN - 00082156) as Independent Director (Non-Executive) of the Company.
    1 for0 against
  • Payment of remuneration to Directors other than Managing Director or Whole-time Director.
    1 for0 against
4 earlier meetings

Mutual fund votes, meeting of 10 Aug 2023, 1 fund house

  • Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2023 together with the report of Auditors and Board of Directors thereon.
    1 for0 against
  • To appoint a Director in place of Mr. Rajesh Krishnamurthy (DIN - 08288884) who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 at this Annual General Meeting and being eligible offers himself for re-appointment.MoreLess
    Against Invesco Mutual Fund
    • Invesco Mutual FundRajesh Krishnamurthy, 53, is the Non-Executive Non-Independent Director of Expleo Solutions Limited and was appointed to the board on September 2020. He is the Chief Executive Officer of the Expleo Group. His previous roles include Chief Technology and Transformation Officer for the CMA CGM Group, President of Infosys’s Industry divisions focused on Energy, Utilities and Telco markets. He holds a Bachelor’s Degree in Electronics Engineering from University of Pune. He has attended two out of seven (29%) board meetings in FY23, and six out of fifteen (40%) board meetings held in the last three years. We expect directors to take their responsibilities seriously and attend all board meetings, and at the very least 75% of the board meetings over a three-year period. Given his low attendance, we do not support his reappointment.
    0 for1 against
  • To declare a Final Dividend of Rs.5/- per share of the face value of Rs.10/- each for the Financial Year 2022-23.
    1 for0 against
  • Approval of Related Party Transactions.
    Against Invesco Mutual Fund
    • Invesco Mutual FundThe company seeks approval for rendering of services of upto Rs. 4.0 bn to the Expleo Group (holding company) and its subsidiary and associates, availing of services of upto Rs. 2.1 bn from the Expleo Group and its subsidiary and associates and providing loan of upto Rs. 2.8 bn to the Expleo Group. In FY23, the company has rendered services of ~Rs. 1.8 bn, availed services of ~Rs. 0.3 bn and provided loans of ~Rs. 0.3 bn. As per the meeting notice the contracts with the related parties are for three years, however, there is no disclosure regarding the start dates of these contracts. Further, while the company has stated that the contracts will be renewed with the approval of the board and audit committee, the resolution seeks approval in perpetuity. Further the related party transactions are capped at an amount which is significantly higher than the aggregate transactions which took place with the Expleo Group entities in FY23.
    0 for1 against
  • Change of Object Clause of the Memorandum of Association of the Company.
    1 for0 against

Mutual fund votes, meeting of 20 Jun 2023, 1 fund house

  • Appointment of Mr. Prashant Eknath Bramhankar (DIN 07439819) as Whole-time Director and Chief Operating Officer (Key Managerial Personnel) of the Company.
    1 for0 against

Mutual fund votes, meeting of 11 Aug 2022, 1 fund house

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

  • Adoption of the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2022 together with the reports of the Board of Directors’ and Auditors’ thereon
    1 for0 against
  • Re-appointment of Mr. Ralph Franz Gillessen (DIN – 05184138), as a Director of the Company, liable to retire by rotation
    1 for0 against
  • Reappointment of M/s. Kalyaniwalla & Mistry LLP, Chartered Accountants, (ICAI Firm Registration No.104607W/W100166), Statutory Auditors of the Company
    1 for0 against
  • Appointment of Mr. Prashant Eknath Bramhankar (DIN - 07439819) as Non-Executive Director
    1 for0 against
1 proposal not matched to one resolution
  • To enter into a contract(s) / arrangement(s) / transaction(s) with Expleo Group SAS with respect to sale, purchase or supply of goods or materials, leasing of property of any kind, availing and rendering of any services, transfer of resources, services or obligations and appointment of agent for purchase or sale of goods, materials, services or property Upto INR 1,900 Million, INR 2,100 Million and INR 2,800 for every financial year.MoreLess
    Against Invesco Mutual Fund
    • Invesco Mutual FundThe company seeks approval for rendering of services of upto Rs. 1.9 bn, providing loan of upto Rs. 2.8 bn to the Expleo Group (holding company) and its subsidiary and associates and availing of services of upto Rs. 2.1 bn from the Expleo Group and its subsidiary and associates. In FY22 the company has rendered services of ~Rs. 0.8 bn, availed services of ~Rs. 0.4 bn and has not provided any loans in FY22. The contracts with the related parties are for three years, however, there is no disclosure regarding the start dates of these contracts. Further, while the company has stated that the contracts will be renewed with the approval of the board and audit committee, the resolution seeks approval in perpetuity. Further the related party transactions are capped at an amount which is significantly higher than the aggregate transactions with the Expleo Group entities in FY22.
    0 for1 against

Mutual fund votes, meeting of 2 Aug 2022, 1 fund house

  • Approving the Scheme of Amalgamation between Expleo India Infosystems Private Limited ('EIIPL' or 'the Transferor Company 1') and Expleo Technologies India Private Limited ('ETIPL' or 'the Transferor Company 2') and Expleo Engineering India Private Limited ('EEIPL' or 'the Transferor Company 3') and Silver Software Development Centre Private Limited ('SSDCPL or 'the Transferor Company 4') and their respective shareholdersMoreLess
    1 for0 against

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

Fines and tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyEmployees Provident Fund OrganizationSince 18 May 2026

    EPF CP3, Prohibitory Order (where the property consists of debts not security by negotiable instruments)

    Remittance of contribution and administrative charges payable under Section 6, GA (2a) and 6C (2)/6C (4a) of the Act read with Para 38 (1) of EPF Scheme 1952, Para 3 of EPS 1995 and Para 8(1) of EDU Scheme, 1976 for the period 01/04/1996 to 31/03/2010 within the due dates. Further Prohibitory order dated 12th May 2026 received on 18th May 2026 stating to pay the arrears due in respect of certificates No. RRC No. 80/TNMAS0049417000 dated 10th April 2026, under section 14B & 7Q drawn up the authorized officer and forwarded to the recovery officer amounting to INR 55,59,710/- (Rupees Fifty Five Lacs Fifty Nine Thousand Seven Hundred and Ten Only) by freezing bank account of the company by INR 55,59,710/-(Rupees Fifty Five Lacs Fifty Nine Thousand Seven Hundred and Ten Only).MoreLess
  • Fine or penaltyEmployees Provident Fund OrganizationSince 25 May 2026

    TN/RO/CHM/South/49417/Recovery/Div-20 /CP3/2026 dated May 25,2026. TN/MAS/49417 – M/s Expleo Solutions Ltd PAN No: [PAN removed]- Revocation of Prohibitory order CP3- Regarding. Letter dated May 25th, 2026, received from Recovery Officer, Employee Provident Fund Organisation, Regional Office, Chennai, South confirming receipt of payment of INR 55,59,710/- (Rupees Fifty-five lacs fiftynine thousand seven hundred and ten only) from Banks against the Prohibitory order cited under TN/RO/CHM/South/49417/ Recovery/ Div-20 /CP3/2026 dated May 12,2026.

    Remittance of contribution and administrative charges payable under Section 6, GA (2a) and 6C (2)/6C (4a) of the Act read with Para 38 (1) of EPF Scheme 1952, Para 3 of EPS 1995 and Para 8(1) of EDU Scheme, 1976 for the period 01/04/1996 to 31/03/2010 within the due dates. Further Prohibitory order Dated 12th May, 2026 received on 18th May, 2026 stating to pay the arrears due in respect of certificates No. RRC No. 80/TNMAS0049417000 dated 10th April 2026, under section 14B & 7Q drawn up the authorized officer and forwarded to the recovery officer amounting to INR 55,59,710/- (Rupees Fifty five lacs fifty nine thousand seven hundred and ten only) by freezing bank account of the company by INR 55,59,710/- (Rupees Fifty five lacs fifty nine thousand seven hundred and ten only). The Company has received letter dated May 25th, 2026, from Recovery Officer, Employee Provident Fund Organisation, Regional Office, Chennai, South confirming receipt of payment of INR 55,59,710/- (Rupees Fifty-five lacs fifty-nine thousand seven hundred and ten only) from Banks against the Prohibitory order cited under TN/RO/CHM/South/49417/Recovery/Div-20 /CP3/2026 dated May 12, 2026.MoreLess
  • Tax disputeDeputy Commissioner of Income Tax , Corporate Circle 1(1), ChennaiSince 24 Sep 2024
    The current status remains the same as disclosed in the last quarter. The Company has received an order dated 28 January 2026 received on 30 January 2026 from the Hon'ble Income Tax Appellate Tribunal, deciding as follows: 1. The transfer pricing addition amounting to Rs.18,67,077 has been dropped and allowed in favour of the Company. 2. The disallowance on account of non deduction of TDS under section 40(a)(i),on the gross amount, amounting to Rs.68,11,29,132 has been remitted back to the Assessing Officer for fresh consideration.MoreLess
    At the filing before: Assessment Year 2021-22 The Assessing officer passed a draft order u/s. 144C r.w.s 143(3) on 29.12.2023 by making the following additions to the total income of the Assessee: a) Disallowance u/s 40(a)(i) for the service cost paid to the subsidiaries – Rs. 37,44,97,743 b) Disallowance u/s 40(a)(i) for the reimbursement cost paid to the subsidiaries – Rs. 30,38,12,844 c) Disallowance u/s 40(a)(i) for the service cost paid to the group companies – Rs. 28,18,545 d) Addition on account of difference of 26AS with books of accounts - Rs. 5,95,14,405 e) Addition on account of interest on trade receivable – Rs. 25,17,564 Aggrieved by the addition made by the Assessing officer, Company has preferred appeal before the Dispute Resolution Panel-2 who vide their order dated 24.09.2024 provided relief to an extent of Rs. 5,90,98,120 on account of 26AS reconciliation and on all the other issues, upheld the order of the Assessing Officer. There was a total demand of 25,37,62,355 as per the order and the Assessee has paid 20% of total demand amounting to Rs. 5,07,60,000. The Company has filed a Stay Petition for the recovery of Outstanding Disputed Demand of 20,30,02,355 for the AY 2021-22 . The Company has also filed an appeal before Hon’ble Income Tax Tribunal on 27.12.2024 against the Dispute Resolution Panel Order and the final order dated 22.10.2024 passed under Sec. 143(3) r.w.s 144C(13) of the I. T. ActMoreLess

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

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
Yes
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.