Finolex Cables logo

Finolex Cables MD, chairman, board of directors and AGM

NSE: FINCABLESBSE: 500144Industrial ProductsSmall Cap

Last close ₹1,090.30down ₹49.60 (4.35%)BSE ₹1,090.50

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,139.90.

52-week range of traded prices to 23 Oct 2026
₹700.80Low, 30 Jan 2026₹1,499.00High, 8 Oct 2026
Market cap
₹16,675 Cr457th largest listed
P/E
20.8
P/E without one-offs
27.2
P/B
2.7
Dividend yield
0.83%
ROE
13.8%
ROE without one-offs
10.6%
ROCE
10.8%
Debt to equity
0.00
Volume, NSE
12,74,97639.2% delivered

Finolex Cables 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

  • ChairpersonRATNAKAR BARVE
  • Company Secretary and Compliance OfficerNirnoy Sur

6 directors3 independent2 executive1 non-executive

  • RATNAKAR BARVE · ChairpersonExecutive · joined Sep 2021 · reappointed Sep 2026 · 1 listed board · 1 committee seat
  • ZUBIN BILLIMORIAIndependent · joined Sep 2021 · reappointed Sep 2026 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • SRIRAMAN RAGHURAMANIndependent · joined Sep 2021 · reappointed Sep 2026 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • VANESSA SINGHIndependent · joined Sep 2021 · reappointed Sep 2026 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • NIKHIL NAIKNon-executive · joined Sep 2021 · 1 listed board · 8 committee seats, 1 as chair
  • PRAVIN AHIREExecutive · joined Oct 2024 · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

5 directors who left
  • LIPI TODI, left 14 Nov 2024: Others
  • ANOOP KRISHNA, left 14 Nov 2024: Others
  • SANJAY MATHUR, left 14 Nov 2024: Others
  • SHEFALI SHYAM, left 3 Nov 2024: Others
  • SATYANARAYAN BAGLA, left 3 Nov 2024: Others

Committees and meetings

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

  • Board

    • 28 Sep 20265 of 6 present2 independent
    • 11 Aug 20266 of 6 present3 independent · 23 days in between
    • 18 Jul 20266 of 6 present3 independent
    • 28 May 20266 of 6 present3 independent

  • Audit Committee

    Chair ZUBIN BILLIMORIA

    VANESSA SINGH, SRIRAMAN RAGHURAMAN, NIKHIL NAIK

    • 22 Sep 20264 of 4 present3 independent · 41 days in between
    • 11 Aug 20264 of 4 present3 independent · 32 days in between
    • 9 Jul 20264 of 4 present3 independent · 41 days in between
    • 28 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair VANESSA SINGH

    SRIRAMAN RAGHURAMAN, ZUBIN BILLIMORIA, NIKHIL NAIK

    • 26 Sep 20264 of 4 present3 independent · 46 days in between
    • 10 Aug 20264 of 4 present3 independent · 74 days in between
    • 27 May 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair SRIRAMAN RAGHURAMAN

    RATNAKAR BARVE, VANESSA SINGH, NIKHIL NAIK

    • 26 Sep 20264 of 4 present2 independent

  • Risk Management Committee

    Chair ZUBIN BILLIMORIA

    VANESSA SINGH, RATNAKAR BARVE, MAHESH VISWANATHAN, PRAVIN AHIRE

    • 26 Sep 20265 of 5 present2 independent

  • Corporate Social Responsibility Committee

    Chair SRIRAMAN RAGHURAMAN

    RATNAKAR BARVE, NIKHIL NAIK, ZUBIN BILLIMORIA, PRAVIN AHIRE

    No meeting listed in the filing.

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 Jun 2026.

  • DELOITTE HASKINS & SELLS LLPPeer-review certificate valid to Jul 2027
1 earlier auditor
  • DELOITTE HASKINS AND SELLS LLPNamed in the filing for the quarter to Dec 2025

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.

Finolex Cables 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.Finolex Cables dividend history

Annual general meeting, 28 Sep 2026

1,88,376 shareholders on the register on 21 Sep 2026; present: 12 promoters and 41 others; votes counted by Mandar Jog / Jog Limaye and Associates.The company's voting result (opens in a new tab)

  1. To consider and adopt : (a) the Audited Financial Statements of the Company for the Financial Year ended on 31st March, 2026 and the reports of the Board of Directors’ and Auditors’ thereon; and (b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended on 31st March 2026 and the report of Auditors’ thereon.MoreLess
    Ordinary
    99.84% for0.16% against

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

    Turnout: all 73.80% · promoters 99.99% · institutions 73.48% · other public 49.16%

  2. To declare a dividend on equity shares for the Financial Year ended on 31st March 2026
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.83% · promoters 99.99% · institutions 73.60% · other public 49.16%

  3. To appoint Mr. Nikhil Naik (DIN: 00202779), who is retiring by rotation, and being eligible, offers himself for re-appointment.
    Ordinary
    99.30% for0.70% against

    Against: promoters 0.00% · institutions 2.62% · other public 0.05%

    Turnout: all 73.82% · promoters 99.99% · institutions 73.59% · other public 49.15%

  4. To ratify the remuneration payable to the Cost Auditors for the Financial Year ending 31st March 2027 (Financial Year 2026-27).
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.82% · promoters 99.99% · institutions 73.59% · other public 49.15%

  5. To re-appoint Mrs. Vanessa Singh (DIN: 09342022) as an Independent Director of the Company for a second term of five consecutive years.
    Special
    99.36% for0.64% against

    Against: promoters 0.00% · institutions 2.39% · other public 0.05%

    Turnout: all 73.82% · promoters 99.99% · institutions 73.59% · other public 49.15%

  6. To re-appoint Mr. Zubin Billimoria (DIN: 07144644) as an Independent Director of the Company for a second term of five consecutive years.
    Special
    99.50% for0.50% against

    Against: promoters 0.00% · institutions 1.87% · other public 0.02%

    Turnout: all 73.82% · promoters 99.99% · institutions 73.59% · other public 49.15%

  7. To re-appoint Mr. Sriraman Raghuraman (DIN: 00228061) as an Independent Director the Company for a second term of five consecutive years and in terms of regulation 17(1A) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015.MoreLess
    Special
    99.50% for0.50% against

    Against: promoters 0.00% · institutions 1.87% · other public 0.02%

    Turnout: all 73.81% · promoters 99.99% · institutions 73.59% · other public 49.13%

  8. To re-appoint Mr. Ratnakar Barve (DIN: 09341821) as Whole-Time Director of the Company.
    Special
    98.03% for1.97% against

    Against: promoters 0.00% · institutions 7.48% · other public 0.02%

    Turnout: all 73.82% · promoters 99.99% · institutions 73.59% · other public 49.16%

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 Sep 2025, 5 resolutions

1,79,259 shareholders on the register on 22 Sep 2025; present: 8 promoters and 32 others; votes counted by Mandar Jog / Jog Limaye and Associates.The company's voting result (opens in a new tab)

  1. To consider and adopt : (a) the Audited Financial Statements of the Company for the Financial Year ended on 31st March, 2025 and the reports of the Board of Directors’ and Auditors’ thereon; and (b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended on 31st March, 2025 and the report of Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.67% · promoters 99.97% · institutions 82.87% · other public 42.86%

  2. To declare a dividend on equity shares for the Financial Year ended on 31st March, 2025.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.69% · promoters 99.97% · institutions 82.95% · other public 42.86%

  3. To appoint Mr. Nikhil Naik [DIN: 00202779], who is retiring by rotation, and being eligible, offers himself for re-appointment.
    Ordinary
    94.73% for5.27% against

    Against: promoters 0.00% · institutions 18.14% · other public 0.01%

    Turnout: all 73.69% · promoters 99.97% · institutions 82.96% · other public 42.86%

  4. To appoint M/s. Jog Limaye & Associates, Company Secretar(ies) bearing Unique Identification No. P2016MH058300 as the Secretarial Auditors of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.69% · promoters 99.97% · institutions 82.95% · other public 42.86%

  5. To ratify the remuneration payable to the Cost Auditors for the Financial Year ending 31st March, 2025 (Financial Year 2024-25).
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.69% · promoters 99.97% · institutions 82.95% · other public 42.86%

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

Postal ballot, 14 Nov 2024, 4 resolutions

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

  1. Appointment of Mr. Pravin Ahire (DIN- 10796692) as Whole Time Director
    Ordinary
    95.41% for4.59% against

    Against: promoters 0.00% · institutions 16.49% · other public 0.01%

    Turnout: all 73.22% · promoters 99.99% · institutions 83.79% · other public 42.64%

  2. Appointment of Ms. Lipi Todi (DIN- 07142496) as a Non- Executive-Independent Director
    Special
    30.00% for70.00% against

    Against: promoters 93.21% · institutions 16.30% · other public 85.47%

    Turnout: all 73.22% · promoters 99.99% · institutions 83.79% · other public 42.64%

  3. Appointment of Mr. Anoop Krishna (DIN- 08068261) as a Non- Executive-Independent Director
    Special
    30.00% for70.00% against

    Against: promoters 93.21% · institutions 16.30% · other public 85.47%

    Turnout: all 73.22% · promoters 99.99% · institutions 83.79% · other public 42.64%

  4. Appointment of Mr. Sanjay Mathur (DIN- 00029858) as a Non- Executive- Independent Director
    Special
    30.00% for70.00% against

    Against: promoters 93.21% · institutions 16.30% · other public 85.47%

    Turnout: all 73.22% · promoters 99.99% · institutions 83.79% · other public 42.64%

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 Nov 2024, 2 resolutions

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

  1. Appointment of Ms. Shefali Shyam (DIN- 03294051) as Non-Executive- Independent Director
    Special
    35.78% for64.22% against

    Against: promoters 92.82% · institutions 0.01% · other public 85.30%

    Turnout: all 71.55% · promoters 94.48% · institutions 83.49% · other public 43.18%

  2. Appointment of Mr. Satyanarayan Goverdhanlal Bagla (DIN- 00654582) as a Non- Executive-Independent Director
    Special
    30.40% for69.60% against

    Against: promoters 92.82% · institutions 0.01% · other public 99.20%

    Turnout: all 66.03% · promoters 94.48% · institutions 70.79% · other public 37.14%

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, 28 Sep 2024, 6 resolutions

Present: 11 promoters and 37 others.The company's voting result (opens in a new tab)

  1. To consider and adopt:nn(a) the Audited Financial Statements of the Company for the Financial Year ended on 31st March, 2024 and the reports of the Board of Directors¿ and Auditors¿ thereon; and nn(b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended on 31st March, 2024 and the report of Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.72% · promoters 99.99% · institutions 83.16% · other public 43.75%

  2. To declare a dividend on equity shares for the Financial Year ended on 31st March, 2024.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.77% · promoters 99.99% · institutions 83.35% · other public 43.75%

  3. To appoint Mr. Nikhil Naik [DIN: 00202779], who is retiring by rotation, and being eligible, offers himself for re-appointment.
    Ordinary
    99.59% for0.41% against

    Against: promoters 0.00% · institutions 1.47% · other public 0.00%

    Turnout: all 73.77% · promoters 99.99% · institutions 83.35% · other public 43.75%

  4. To ratify the remuneration payable to the Cost Auditors for the Financial Year ending 31st March, 2025 (Financial Year 2024-25).
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.77% · promoters 99.99% · institutions 83.35% · other public 43.75%

  5. Payment of Commission to Non-Executive Directors for the Financial Year 2023-24
    Special
    100.00% for0.00% against

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

    Turnout: all 73.77% · promoters 99.99% · institutions 83.35% · other public 43.75%

  6. Payment of Commission to Non-Executive Directors for the Financial Year 2024-25 to the Financial Year 2028-29
    Special
    100.00% for0.00% against

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

    Turnout: all 73.77% · promoters 99.99% · institutions 83.35% · other public 43.75%

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

Postal ballot, 15 Jun 2024, 1 resolution

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

  1. Appointment of Mr. Shane Pedder(DIN 03595409) as Non- executive Non-Independent Director of the Company
    Ordinary
    31.72% for68.28% against

    Against: promoters 93.21% · institutions 0.26% · other public 99.15%

    Turnout: all 70.51% · promoters 99.97% · institutions 79.60% · other public 37.78%

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 Dec 2023, 2 resolutions

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

  1. Appointment of Mr. Achyut Dhadphale (DIN- 07172828) as Non-Executive-Non-Independent Director of the Company.
    Ordinary
    32.01% for67.99% against

    Against: promoters 93.21% · institutions 0.77% · other public 99.05%

    Turnout: all 70.72% · promoters 99.99% · institutions 75.96% · other public 39.04%

  2. Appointment of Dr. Kshitija Wadatkar (DIN-10202871) as a Non- Executive Independent Director of the Company.
    Special
    32.23% for67.77% against

    Against: promoters 93.21% · institutions 0.00% · other public 99.05%

    Turnout: all 70.72% · promoters 99.99% · institutions 75.96% · other public 39.04%

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 Sep 2023, 5 resolutions

Present: 18 promoters and 60 others.The company's voting result (opens in a new tab)

  1. To consider and adopt: (a) the Audited Financial Statements of the Company for the Financial Year ended on 31st March, 2023 and the reports of the Board of Directors’ and Auditors’ thereon; and (b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended on 31st March, 2023 and the report of Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 80.55% · promoters 99.99% · institutions 86.67% · other public 57.36%

  2. To declare a dividend on equity shares for the Financial Year ended on 31st March, 2023.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 80.77% · promoters 99.99% · institutions 87.49% · other public 57.36%

  3. To appoint Mr. Nikhil Naik as a Director liable to retire by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.21% for0.79% against

    Against: promoters 0.00% · institutions 2.69% · other public 0.00%

    Turnout: all 80.76% · promoters 99.99% · institutions 87.45% · other public 57.36%

  4. To ratify the remuneration payable to the Cost Auditors for the Financial Year ending 31st March, 2024 (Financial Year 2023-24)
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 80.76% · promoters 99.99% · institutions 87.45% · other public 57.36%

  5. Payment of Commission to Non-Executive Directors.
    Special
    27.13% for72.87% against

    Against: promoters 93.21% · institutions 37.50% · other public 77.80%

    Turnout: all 80.76% · promoters 99.99% · institutions 87.45% · other public 57.36%

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 28 Sep 2026, 11 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To consider and adopt : (a) the Audited Financial Statements of the Company for the Financial Year ended on 31st March, 2026 and the reports of the Board of Directors’ and Auditors’ thereon; and (b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended on 31st March 2026 and the report of Auditors’ thereon.MoreLess
    11 for0 against
  • To declare a dividend on equity shares for the Financial Year ended on 31st March 2026
    11 for0 against
  • To appoint Mr. Nikhil Naik (DIN: 00202779), who is retiring by rotation, and being eligible, offers himself for re-appointment.
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance Concern: The Board composition is non-compliant u/s 152 of the Companies Act, 2013 and the director is Nomination and Remuneration Committee member, hence, should be held accountable, as the Nomination and Remuneration Committee is tasked with appointments / re-appointments of directors on the Board.
    • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern with the merits and profile of the director. Governance Concern: The Board composition is noncompliant u/s 152 of the Companies Act, 2013 and the director is NRC member, hence, should be held accountable, as the NRC is tasked with appointments / re-appointments of directors on the Board.
    8 for3 against
  • To ratify the remuneration payable to the Cost Auditors for the Financial Year ending 31st March 2027 (Financial Year 2026-27).
    11 for0 against
  • To re-appoint Mrs. Vanessa Singh (DIN: 09342022) as an Independent Director of the Company for a second term of five consecutive years.
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance Concern: The Board composition is non-compliant u/s 152 of the Companies Act, 2013 and the directors are Nomination and Remuneration Committee member / chairperson, hence, should be held accountable, as the Nomination and Remuneration Committee is tasked with appointments / re-appointments of directors on the Board.
    • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern identified on the merits and profile of directors. Governance Concern: The Board composition is non-compliant u/s 152 of the Companies Act, 2013 and the directors are NRC member / chairperson, hence, should be held accountable, as the NRC is tasked with appointments / re-appointments of directors on the Board.
    8 for3 against
  • To re-appoint Mr. Zubin Billimoria (DIN: 07144644) as an Independent Director of the Company for a second term of five consecutive years.
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance Concern: The Board composition is non-compliant u/s 152 of the Companies Act, 2013 and the directors are Nomination and Remuneration Committee member / chairperson, hence, should be held accountable, as the Nomination and Remuneration Committee is tasked with appointments / re-appointments of directors on the Board.
    • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern identified on the merits and profile of directors. Governance Concern: The Board composition is non-compliant u/s 152 of the Companies Act, 2013 and the directors are NRC member / chairperson, hence, should be held accountable, as the NRC is tasked with appointments / re-appointments of directors on the Board.
    8 for3 against
  • To re-appoint Mr. Sriraman Raghuraman (DIN: 00228061) as an Independent Director the Company for a second term of five consecutive years and in terms of regulation 17(1A) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015.MoreLess
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance Concern: The Board composition is non-compliant u/s 152 of the Companies Act, 2013 and the directors are Nomination and Remuneration Committee member / chairperson, hence, should be held accountable, as the Nomination and Remuneration Committee is tasked with appointments / re-appointments of directors on the Board.
    • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern identified on the merits and profile of directors. Governance Concern: The Board composition is non-compliant u/s 152 of the Companies Act, 2013 and the directors are NRC member / chairperson, hence, should be held accountable, as the NRC is tasked with appointments / re-appointments of directors on the Board.
    8 for3 against
  • To re-appoint Mr. Ratnakar Barve (DIN: 09341821) as Whole-Time Director of the Company.
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance Concerns: Appointee is proposed to be re-appointment as a non-retiring director, hence, the Board composition has become non-compliant with Section 152 of the Companies Act, 2013. Combined position as Executive Director and Chairman, and the Board composition is non-compliant with Section 152 of the Companies Act, 2013, which is also failure of responsibilities as the Board Chairman.
    • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern identified on the merits and profile of appointee. Governance Concerns: Appointee is proposed to be re-appointment as a non-retiring director, hence, the Board composition has become non-compliant with Section 152 of the Companies Act, 2013. Combined position as Executive Director and Chairman, and the Board composition is non-compliant with Section 152 of the Companies Act, 2013, which is also failure of responsibilities as the Board Chairman.
    8 for3 against

Mutual fund votes, meeting of 29 Sep 2025, 20 fund houses

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

  • To consider and adopt : (a) the Audited Financial Statements of the Company for the Financial Year ended on 31st March, 2025 and the reports of the Board of Directors’ and Auditors’ thereon; and (b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended on 31st March, 2025 and the report of Auditors thereonMoreLess
    19 for0 against
  • To declare a dividend on equity shares for the Financial Year ended on 31st March, 2025.
    19 for0 against
  • To appoint Mr. Nikhil Naik [DIN: 00202779], who is retiring by rotation, and being eligible, offers himself for re-appointment.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual FundMr. Nikhil Naik is placed to retire by rotation at the annual general meeting when he has not been longest in office since his last appointment.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNo concern on merit per-se of the proposed appointee. Non-Compliant with Section 152(6)(d) of Companies Act, 2013: Mr. Nikhil Naik is placed to retire by rotation at the annual general meeting when he has not been longest in office since his last appointment.
    • Baroda BNP Paribas Mutual FundNon-Compliant with Section 152(6)(d) of Companies Act, 2013: Mr. Nikhil Naik is placed to retire by rotation at the annual general meeting when he has not been longest in office since his last appointment.
    • Kotak Mahindra Mutual FundNikhil Naik, 64, is the former Regional Director at P&O Ports Pvt Ltd. and Chief Executive Officer for Mundra International Container Terminal Ltd. He has been on board since 30 September 2021. He attended all twelve (100%) board meetings held in FY25. He retires by rotation, and his reappointment is in line with statutory guidelines. As per Section 152(6)(d) of Companies Act, 2013, the Directors to retire by rotation at every AGM shall be those who have been longest in office since their last appointment. The resolution is non-compliant under this rule. Hence, we do not support the resolution.
    • Nippon India Mutual FundNon-Compliant with Section 152(6)(d) of Companies Act, 2013
    10 for9 against
  • To appoint M/s. Jog Limaye & Associates, Company Secretar(ies) bearing Unique Identification No. P2016MH058300 as the Secretarial Auditors of the Company.
    20 for0 against
  • To ratify the remuneration payable to the Cost Auditors for the Financial Year ending 31st March, 2025 (Financial Year 2024-25).
    17 for0 against
6 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against
  • 5) Approve remuneration of Rs. 700,000 for Joshi Apte & Associates as cost auditors for FY25.
    1 for0 against
  • Approve remuneration of Rs. 700,000 for Joshi Apte & Associates as cost auditors for FY25
    1 for0 against
6 earlier meetings

Mutual fund votes, meeting of 14 Nov 2024, 18 fund houses

  • Appointment of Mr. Pravin Ahire (DIN- 10796692) as Whole Time Director
    Against Bandhan Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual FundNo concern identified on the merits of the proposed director. Non-Compliant with SEBI LODR, 2015: Directorship was not approved by the next general meeting held post appointment on the Board.
    • Navi Mutual FundAppointment compliant with law. No concern on the merits of proposed appointee. Governance Concern: No absolute cap on variable pay.
    • Nippon India Mutual FundDirectorship was not approved by the next general meeting held post appointment on the Board.
    14 for4 against
  • Appointment of Ms. Lipi Todi (DIN- 07142496) as a Non- Executive-Independent Director
    Against Bandhan Mutual Fund, Groww Mutual Fund, Nippon India Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual FundNo concern on the merit of proposed appointees. Non-Compliant with SEBI LODR, 2015 & Companies Act, 2013: Terms and Conditions of appointment of proposed IDs not disclosed on the website of the Company. Non-Compliant with SEBI LODR, 2015: Directorship was not approved by the next general meeting held post appointment on the Board.
    • Nippon India Mutual FundDirectorship was not approved by the next general meeting held post appointment on the Board.
    15 for3 against
  • Appointment of Mr. Anoop Krishna (DIN- 08068261) as a Non- Executive-Independent Director
    Against Bandhan Mutual Fund, Groww Mutual Fund, Nippon India Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Nippon India Mutual FundNo concern on the merit of proposed appointees. Non-Compliant with SEBI LODR, 2015 & Companies Act, 2013: Terms and Conditions of appointment of proposed IDs not disclosed on the website of the Company. Non-Compliant with SEBI LODR, 2015: Directorship was not approved by the next general meeting held post appointment on the Board.
    15 for3 against
  • Appointment of Mr. Sanjay Mathur (DIN- 00029858) as a Non- Executive- Independent Director
    Against Bandhan Mutual Fund, Groww Mutual Fund, Nippon India Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual FundNo concern on the merit of proposed appointees. Non-Compliant with SEBI LODR, 2015 & Companies Act, 2013: Terms and Conditions of appointment of proposed IDs not disclosed on the website of the Company. Non-Compliant with SEBI LODR, 2015: Directorship was not approved by the next general meeting held post appointment on the Board.
    • Nippon India Mutual FundDirectorship was not approved by the next general meeting held post appointment on the Board.
    15 for3 against

Mutual fund votes, meeting of 3 Nov 2024, 19 fund houses

  • Appointment of Ms. Shefali Shyam (DIN- 03294051) as Non-Executive- Independent Director
    19 for0 against
  • Appointment of Mr. Satyanarayan Goverdhanlal Bagla (DIN- 00654582) as a Non- Executive-Independent Director
    19 for0 against

Mutual fund votes, meeting of 28 Sep 2024, 19 fund houses

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

  • To consider and adopt:nn(a) the Audited Financial Statements of the Company for the Financial Year ended on 31st March, 2024 and the reports of the Board of Directors¿ and Auditors¿ thereon; and nn(b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended on 31st March, 2024 and the report of Auditors thereonMoreLess
    18 for0 against
  • To declare a dividend on equity shares for the Financial Year ended on 31st March, 2024.
    18 for0 against
  • To appoint Mr. Nikhil Naik [DIN: 00202779], who is retiring by rotation, and being eligible, offers himself for re-appointment.
    18 for0 against
  • To ratify the remuneration payable to the Cost Auditors for the Financial Year ending 31st March, 2025 (Financial Year 2024-25).
    15 for0 against
  • Payment of Commission to Non-Executive Directors for the Financial Year 2023-24
    15 for0 against
  • Payment of Commission to Non-Executive Directors for the Financial Year 2024-25 to the Financial Year 2028-29
    15 for0 against
12 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against
  • Item 6, as a fund house numbered it
    1 for0 against
  • 4) Approve remuneration of Rs. 700,000 for Joshi Apte & Associates as cost auditors for FY25.
    1 for0 against
  • 5) Approve payment of commission aggregating Rs. 2.5 mn to Non-Executive Directors for FY24.
    1 for0 against
  • 6) Approve payment of commission upto 1% of net profits or Rs. 20.0 mn per year, whichever is lower, to Non-Executive Directors for five years from FY25.
    1 for0 against
  • Approve payment of commission aggregating Rs. 2.5 mn to Non-Executive Directors for FY24
    2 for0 against
  • Approve payment of commission upto 1% of net profits or Rs. 20.0 mn per year, whichever is lower, to Non-Executive Directors for five years from FY25
    2 for0 against
  • Approve remuneration of Rs. 700,000 for Joshi Apte & Associates as cost auditors for FY25
    2 for0 against

Mutual fund votes, meeting of 15 Jun 2024, 17 fund houses

  • Appointment of Mr. Shane Pedder(DIN 03595409) as Non- executive Non-Independent Director of the Company
    17 for0 against

Mutual fund votes, meeting of 22 Dec 2023, 14 fund houses

  • Appointment of Mr. Achyut Dhadphale (DIN- 07172828) as Non-Executive-Non-Independent Director of the Company.
    14 for0 against
  • Appointment of Dr. Kshitija Wadatkar (DIN-10202871) as a Non- Executive Independent Director of the Company.
    14 for0 against

Mutual fund votes, meeting of 29 Sep 2023, 11 fund houses

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

  • To consider and adopt: (a) the Audited Financial Statements of the Company for the Financial Year ended on 31st March, 2023 and the reports of the Board of Directors’ and Auditors’ thereon; and (b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended on 31st March, 2023 and the report of Auditors thereon.MoreLess
    9 for0 against
  • To declare a dividend on equity shares for the Financial Year ended on 31st March, 2023.
    9 for0 against
  • To appoint Mr. Nikhil Naik as a Director liable to retire by rotation and being eligible, offers himself for re-appointment.
    11 for0 against
  • To ratify the remuneration payable to the Cost Auditors for the Financial Year ending 31st March, 2024 (Financial Year 2023-24)
    2 for0 against
  • Payment of Commission to Non-Executive Directors.
    5 for0 against
11 proposals not matched to one resolution
  • 2) Declare final dividend of Rs. 7.0 per share of face value Rs. 2.0 for FY23.
    1 for0 against
  • 4) Reappoint Deepak Chhabria (DIN 01403799) as Executive Chairperson for five years from 1 July 2023 and fix his remuneration.
    1 for0 against
  • 5) Approve remuneration of Rs. 600,000 for Joshi Apte & Associates as cost auditors for FY24.
    1 for0 against
  • Accept Financial Statements and Statutory Reports
    2 for0 against
  • Approve Reappointment and Remuneration of Deepak Chhabria as Whole Time Director designated as Executive Chairman
    2 for0 against
  • Approve remuneration of Rs. 600,000 for Joshi Apte & Associates as cost auditors for FY24
    1 for0 against
  • Declare final dividend of Rs. 7.0 per share of face value Rs. 2.0 for FY23
    1 for0 against
  • Payment, to Directors and Alternate Directors who are neither in the whole-time employment nor Managing Directors of the Company of remuneration, in addition to sitting fees for each meeting of the Board of Directors of the Company (hereinafter referred to as the Board), by way of commission, not exceeding one percent of the net profit of the Company or Rupees Two Crores, whichever is lower, as may be determined by the Board in each Financial Year.MoreLess
    6 for0 against
  • Ratification of remuneration of Rs.6.00 Lakhs plus taxes and out of pocket expenses, payable to M/s. Joshi Apte & Associates, Cost Accountants, Pune (Firm Registration No. 00240) to conduct cost audit of the cost records of the Company for the Financial Year ending 31st March, 2024 (Financial Year 2023-24).MoreLess
    7 for0 against
  • Re-appointment of Mr. Deepak Chhabria (DIN 01403799) as a Whole Time Director designated as an Executive Chairman of the Company for a period of 5 years with effect from 1st July 2023 to 30th June 2028 and including remuneration.MoreLess
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with Law. No issues on merit, profile or suitability of appointee. Governance Concern: Dual Position as Board Chairperson and Executive Director; No absolute cap on remuneration, Skewed Remuneration.
    6 for1 against
  • Reappoint Deepak Chhabria (DIN 01403799) as Executive Chairperson for five years from 1 July 2023 and fix his remuneration
    1 for0 against

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

Stakes in unlisted companies

Reported in the filing for the quarter to Sep 2026.

  • Unlisted stake heldFinolex J-Power Systems LimitedSince 18 Jul 2026

    0.00% bought in the quarter; holding 49.00%, from 49.00%

Investor complaints and compliance

Quarter by quarter.

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

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Dec 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
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.