Gujarat Pipavav Port MD, chairman, board of directors and AGM
NSE: GPPLBSE: 533248Transport InfrastructureSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹160.72.
- Next results date: the board meets on 4 Nov 2026 to consider: financial results, dividend and other business matters.
- 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.
- ₹7,593 Cr634th 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 12 Aug 2026
- 13.6
- 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 28 May 2026
- 3.2
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 6.62%
- 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 12 Aug 2026
- 23.6%
- 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 12 Aug 2026
- 27.2%
- 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 28 May 2026
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 10,40,24451.0% delivered
Gujarat Pipavav Port 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
- ChairpersonSamir Chaturvedi
- Managing directorGirish Sudarshan Aggarwal
- Company Secretary and Compliance OfficerManish Agnihotri
9 directors3 independent1 executive5 non-executive
- Samir Chaturvedi · ChairpersonIndependent · joined Nov 2020 · reappointed Nov 2025 · 71 months as independent · 1 listed board · 1 as independent
- Matangi Gowrishankar · Shareholder DirectorIndependent · joined Aug 2022 · reappointed Aug 2022 · 50 months as independent · 6 listed boards · 6 as independent · 5 committee seats, 1 as chair
- Harjeet Kaur Joshi · Shareholder DirectorIndependent · joined Jul 2026 · reappointed Jul 2026 · 3 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair
- Jonathan Richard GoldnerNon-executive · joined Nov 2021 · reappointed Nov 2021 · 58 months as independent · 1 listed board
- Timothy John SmithNon-executive · joined Sep 2019 · reappointed Sep 2019 · 84 months as independent · 1 listed board
- Soren BrandtNon-executive · joined Aug 2020 · reappointed Aug 2020 · 73 months as independent · 1 listed board
- Steven DeloorNon-executive · joined Sep 2023 · reappointed Sep 2023 · 37 months as independent · 1 listed board · 1 committee seat
- Ajay Kumar IASNominee, non-executive · joined May 2026 · reappointed May 2026 · 5 months as independent · 2 listed boards
- Girish Sudarshan Aggarwal · Managing directorExecutive · joined Jan 2023 · reappointed Jan 2023 · 45 months as independent · 1 listed board · 1 committee seat
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
- Monica Widhani, left 12 Aug 2026: Tenure Completion
- Rajkumar Beniwal, left 29 Dec 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 12 Aug 20268 of 9 present3 independent · 75 days in between
- 28 May 20268 of 9 present3 independent
Audit Committee
Chair Harjeet Kaur Joshi
Matangi Gowrishankar, Steven Deloor
- 11 Aug 20263 of 4 present3 independent · 75 days in between
- 27 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Matangi Gowrishankar
Samir Chaturvedi, Jonathan Richard Goldner
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair Harjeet Kaur Joshi
Matangi Gowrishankar, Girish Sudarshan Aggarwal
No meeting listed in the filing.
Risk Management Committee
Chair Soren Brandt
Samir Chaturvedi, Girish Sudarshan Aggarwal
- 31 Jul 20263 of 3 present1 independent · 80 days in between
- 11 May 20263 of 3 present1 independent
Corporate Social Responsibility Committee
Chair Matangi Gowrishankar
Soren Brandt, Girish Sudarshan Aggarwal
- 23 Jun 20263 of 3 present1 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Jun 2026.
- M S K A & Associates LLPPeer-review certificate valid to Jul 2027
2 earlier auditors
- M S K A & AssociatesNamed in the filing for the quarter to Sep 2025
- Price Waterhouse Chartered Accountants LLPNamed in filings from Mar 2025 to Jun 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.
Gujarat Pipavav Port 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.Gujarat Pipavav Port dividend history
Annual general meeting, 9 Sep 2026
2,45,534 shareholders on the register on 2 Sep 2026; present: 1 promoter and 45 others; votes counted by Himanshu S Kamdar / Rathi & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt (a) Audited Standalone Financial Statements of the Company for the financial year ended 31st March 2026 along with the Reports of the Board of Directors and Auditors thereon; (b) Audited Consolidated Financial Statements of the COmpany for the financial year ended 31st March 2026 along with the Auditors Report thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.22%
Turnout: all 75.18% · promoters 100.00% · institutions 86.94% · other public 0.08%
- To declare final dividend of Rs. 5.00 per equity share and confirmation of Interim Dividend of Rs. 5.40 per equity share already paid during the year, for the financial year ended 31st March 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.35%
Turnout: all 75.97% · promoters 100.00% · institutions 89.13% · other public 0.08%
- To appoint a Director in place of Mr. Timothy John Smith (DIN:08526373) who retires by rotation and being eligible offers himself for re-appointmentOrdinary98.20% for1.80% against
Against: promoters 0.00% · institutions 4.28% · other public 1.45%
Turnout: all 75.97% · promoters 100.00% · institutions 89.13% · other public 0.08%
- To appoint a Director in place of Mr. Soren Brandt (DIN:00270435) who retires by rotation and being eligible offers himself for re-appointmentOrdinary98.20% for1.80% against
Against: promoters 0.00% · institutions 4.28% · other public 1.49%
Turnout: all 75.97% · promoters 100.00% · institutions 89.13% · other public 0.08%
Payment of Commission to Indpeendent Directors on annual basis which shall not exceed one percent of the Net Profit of the Company subject to maximum ceiling of Rs. 85,00,000 per annul for the financial years 2026-27 to 2029-30MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 1.63%
Turnout: all 75.97% · promoters 100.00% · institutions 89.13% · other public 0.08%
- Appointment of Mrs. Harjeet Kaur Joshi (DIN: 07085755) as an Independent Director for a period of five consecutive years commencing from 1st July 2026 to 30th June 2031Special99.85% for0.15% against
Against: promoters 0.00% · institutions 0.36% · other public 0.75%
Turnout: all 75.97% · promoters 100.00% · institutions 89.13% · other public 0.08%
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.
Annual general meeting, 4 Sep 2025, 8 resolutions
2,49,642 shareholders on the register on 28 Aug 2025; present: 2 promoters and 82 others; votes counted by Himanshu Kamdar / Rathi & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt: (a) the Audited Standalone Financial Statements of the Company for the financial year ended 31st March 2025 along with 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 31st March 2025 alongwith the Auditors Report thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.40%
Turnout: all 76.06% · promoters 100.00% · institutions 90.41% · other public 0.14%
- To declare a Final Dividend of Rs. 4.20 per equity share and to confirm interim dividend of Rs. 4.00 per equity share already paid during the year, for the financial year ended 31st March 2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.41%
Turnout: all 76.25% · promoters 100.00% · institutions 90.94% · other public 0.14%
- To appoint a Director in place of Mr. Jonathan Richard Goldner (DIN: 09311803) who retires by rotation and being eligible, offers himself for re-appointment.Ordinary95.43% for4.57% against
Against: promoters 0.00% · institutions 10.82% · other public 0.86%
Turnout: all 76.24% · promoters 100.00% · institutions 90.94% · other public 0.14%
- To appoint a Director in place of Mr. Steven Deloor (DIN: 10337166) who retires by rotation and being eligible, offers himself for re-appointmentOrdinary94.77% for5.23% against
Against: promoters 0.00% · institutions 12.38% · other public 0.94%
Turnout: all 76.24% · promoters 100.00% · institutions 90.94% · other public 0.14%
To appoint M/s M S K A & Associates, Chartered Accountants (ICAI Firm Registration No. 105047W) as Statutory Auditors in place of M/s Price Waterhouse Chartered Accountants LLP (ICAI Registration No. 012754N/ N500016) retiring auditors, from the conclusion of this Annual General Meeting till the conclusion of the 38th Annual General Meeting and authorise the Board of Directors (including the Audit Committee) to fix the remunerationMoreLess
Ordinary99.84% for0.16% againstAgainst: promoters 0.00% · institutions 0.37% · other public 11.85%
Turnout: all 76.24% · promoters 100.00% · institutions 90.94% · other public 0.14%
To approve the appointment of M/s Rathi & Associates, Practicing Company Secretaries as Secretarial Auditors of the Company for the first term of five years from 1st April 2025 to 31st March 2030 and authorise the Board of Directors (including the Audit Committee) to fix the remuneration.MoreLess
Ordinary99.84% for0.16% againstAgainst: promoters 0.00% · institutions 0.37% · other public 11.84%
Turnout: all 76.24% · promoters 100.00% · institutions 90.94% · other public 0.14%
To approve the Material Related Party Transaction with Maersk A/S (including A P Moller Maersk A/S and its affiliates), a related party in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the period from 1st April 2026 to 30th September 2028 with further liberty to the Board of Directors (including the Audit Committee) to make material modifications without further reference to the shareholders of the company.MoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.57%
Turnout: all 32.24% · promoters 0.00% · institutions 90.94% · other public 0.14%
- To approve the Re-appointment of Mr. Samir Chaturvedi (DIN: 08911552) as an Independent Director for second term of five consecutive years from 12th November 2025 to 11th November 2030.Special98.77% for1.23% against
Against: promoters 0.00% · institutions 2.90% · other public 1.08%
Turnout: all 76.24% · promoters 100.00% · institutions 90.94% · other public 0.14%
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, 22 Aug 2024, 4 resolutions
Present: 1 promoter and 40 others.The company's voting result (opens in a new tab)
To receive, consider and adopt: (a) the Audited Standalone Financial Statements of the Company for the financial year ended 31st March 2024 along with 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 31st March 2024 along with the Auditors Report thereon.MoreLess
Ordinary79.05% for20.95% againstAgainst: promoters 0.00% · institutions 50.44% · other public 0.01%
Turnout: all 78.54% · promoters 100.00% · institutions 91.26% · other public 9.45%
- To declare a final dividend of Rs. 3.70 per equity share and to confirm the interim dividend of Rs. 3.60 per equity share already paid during the year, for the financial year ended 31st March 2024.Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.05% · other public 0.01%
Turnout: all 78.71% · promoters 100.00% · institutions 91.74% · other public 9.45%
- To appoint a Director in place of Mr. Timothy John Smith (DIN: 08526373) who retires by rotation and being eligible offers himself for re-appointmentOrdinary96.31% for3.69% against
Against: promoters 0.00% · institutions 8.86% · other public 0.02%
Turnout: all 78.71% · promoters 100.00% · institutions 91.74% · other public 9.45%
- To appoint a Director in place of Mr. Soren Brandt (DIN: 00270435) who retires by rotation and being eligible, offers himself for re-appointmentOrdinary96.31% for3.69% against
Against: promoters 0.00% · institutions 8.86% · other public 0.02%
Turnout: all 78.71% · promoters 100.00% · institutions 91.74% · other public 9.45%
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, 25 Dec 2023, 1 resolution
The company's voting result (opens in a new tab)
- Appointment of Mr. Steven Coert Deloor (DIN: 10337166) as Director of the CompanyOrdinary88.85% for11.15% against
Against: promoters 0.00% · institutions 24.86% · other public 0.04%
Turnout: all 83.60% · promoters 100.00% · institutions 92.44% · other public 13.57%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 4 Aug 2023, 4 resolutions
Present: 1 promoter and 41 others.The company's voting result (opens in a new tab)
To receive, consider and adopt (a) the Audited Standalone financial statements of the Company for the financial year ended 31st March 2023, along with 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 31st March 2023 along with the Auditors Report thereonMoreLess
Ordinary79.17% for20.83% againstAgainst: promoters 0.00% · institutions 45.90% · other public 0.00%
Turnout: all 84.46% · promoters 100.00% · institutions 93.52% · other public 14.11%
- To declare a Final Dividend of Rs. 3.40 per equity share and to confirm the Interim Dividend of Rs. 2.70 per equity share paid during the year, for the financial year ended 31st March 2023Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 85.00% · promoters 100.00% · institutions 94.84% · other public 14.11%
- To appoint a Director in place of Mr. Keld Pedersen (DIN: 07144184) who retires by rotation and being eligible, offers himself for re-appointmentOrdinary87.99% for12.01% against
Against: promoters 0.00% · institutions 26.26% · other public 0.01%
Turnout: all 85.00% · promoters 100.00% · institutions 94.84% · other public 14.11%
- To appoint a Director in place of Mr. Jonathan Richard Goldner (DIN: 09311803) who retires by rotation and being eligible, offers himself for re-appointment.Ordinary86.66% for13.34% against
Against: promoters 0.00% · institutions 29.17% · other public 0.01%
Turnout: all 85.00% · promoters 100.00% · institutions 94.84% · other public 14.11%
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, 30 Dec 2022, 2 resolutions
The company's voting result (opens in a new tab)
- Appointment of Mr. Girish Aggarwal (DIN: 07974838) as Director of the CompanyOrdinary97.07% for2.93% against
Against: promoters 0.00% · institutions 6.49% · other public 0.03%
Turnout: all 86.77% · promoters 100.00% · institutions 94.20% · other public 24.96%
- Appointment of Mr. Girish Aggarwal (DIN: 07974838) as Managing Director of the Company for a period of five years from 1st January 2023Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 86.77% · promoters 100.00% · institutions 94.20% · other public 24.96%
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, 31 Oct 2022, 2 resolutions
The company's voting result (opens in a new tab)
- Appointment of Ms Matangi Gowrishankar (DIN 01518137) as an Independent Director for a period of five consecutive years with effect from 3rd August 2022 to 2nd August 2027Special99.78% for0.22% against
Against: promoters 0.00% · institutions 0.48% · other public 0.04%
Turnout: all 87.26% · promoters 100.00% · institutions 94.37% · other public 27.88%
- Approval of Related Party Transaction with Maersk A/SOrdinaryPromoters have an interest in it68.22% for31.78% against
Against: promoters 0.00% · institutions 35.03% · other public 0.03%
Turnout: all 43.25% · promoters 0.00% · institutions 94.37% · other public 27.87%
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 2022, 5 resolutions
Present: 1 promoter and 37 others.The company's voting result (opens in a new tab)
To receive consider and adopt a) Audited Standalone Financial Statement of the Company for the financial year ended 31st March 2022 along with the Directors and Auditors Report thereon b) Audited Consolidated Financial Statement for the financial year ended 31st March 2022 along with Auditors Report thereonMoreLess
Ordinary99.75% for0.25% againstAgainst: promoters 0.00% · institutions 0.55% · other public 0.01%
Turnout: all 84.67% · promoters 100.00% · institutions 89.57% · other public 21.54%
- To declare a Final Dividend of Rs. 2.40 per share and to approve the Interim Dividend on Rs. 1.60 per share already paid during the year, for financial year 31st March 2022Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 84.82% · promoters 100.00% · institutions 89.91% · other public 21.54%
- To appoint a Director in place of Mr. Soren Brandt (DIN: 00270435) who retires by rotation and being eligible offers himself for re-appointmentOrdinary98.99% for1.01% against
Against: promoters 0.00% · institutions 2.25% · other public 0.02%
Turnout: all 84.82% · promoters 100.00% · institutions 89.91% · other public 21.54%
- To appoint a Director in place of Mr. Maarten Degryse (DIN: 08925380) who retires by rotation and being eligible offers himself for re-appointmentOrdinary96.51% for3.49% against
Against: promoters 0.00% · institutions 7.82% · other public 0.02%
Turnout: all 84.82% · promoters 100.00% · institutions 89.91% · other public 21.54%
- Appointment of Mr. Jonathan Richard Goldner (DIN: 09311803) as Director of the CompanyOrdinary98.69% for1.31% against
Against: promoters 0.00% · institutions 2.93% · other public 0.02%
Turnout: all 84.82% · promoters 100.00% · institutions 89.91% · other public 21.54%
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 9 Sep 2026, 4 fund houses so far (houses' deadline to file 15 Oct 2026)
To receive, consider and adopt (a) Audited Standalone Financial Statements of the Company for the financial year ended 31st March 2026 along with the Reports of the Board of Directors and Auditors thereon; (b) Audited Consolidated Financial Statements of the COmpany for the financial year ended 31st March 2026 along with the Auditors Report thereonMoreLess
4 for0 against- To declare final dividend of Rs. 5.00 per equity share and confirmation of Interim Dividend of Rs. 5.40 per equity share already paid during the year, for the financial year ended 31st March 20264 for0 against
- To appoint a Director in place of Mr. Timothy John Smith (DIN:08526373) who retires by rotation and being eligible offers himself for re-appointment4 for0 against
- To appoint a Director in place of Mr. Soren Brandt (DIN:00270435) who retires by rotation and being eligible offers himself for re-appointment4 for0 against
Payment of Commission to Indpeendent Directors on annual basis which shall not exceed one percent of the Net Profit of the Company subject to maximum ceiling of Rs. 85,00,000 per annul for the financial years 2026-27 to 2029-30MoreLess
4 for0 against- Appointment of Mrs. Harjeet Kaur Joshi (DIN: 07085755) as an Independent Director for a period of five consecutive years commencing from 1st July 2026 to 30th June 20314 for0 against
Mutual fund votes, meeting of 4 Sep 2025, 16 fund houses
To receive, consider and adopt: (a) the Audited Standalone Financial Statements of the Company for the financial year ended 31st March 2025 along with 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 31st March 2025 alongwith the Auditors Report thereonMoreLess
16 for0 against- To declare a Final Dividend of Rs. 4.20 per equity share and to confirm interim dividend of Rs. 4.00 per equity share already paid during the year, for the financial year ended 31st March 202516 for0 against
- To appoint a Director in place of Mr. Jonathan Richard Goldner (DIN: 09311803) who retires by rotation and being eligible, offers himself for re-appointment.16 for0 against
- To appoint a Director in place of Mr. Steven Deloor (DIN: 10337166) who retires by rotation and being eligible, offers himself for re-appointment16 for0 against
To appoint M/s M S K A & Associates, Chartered Accountants (ICAI Firm Registration No. 105047W) as Statutory Auditors in place of M/s Price Waterhouse Chartered Accountants LLP (ICAI Registration No. 012754N/ N500016) retiring auditors, from the conclusion of this Annual General Meeting till the conclusion of the 38th Annual General Meeting and authorise the Board of Directors (including the Audit Committee) to fix the remunerationMoreLess
Against Angel One Mutual Fund, Bandhan 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 FundProposed audit fee payable to Statutory Auditors is not disclosed. Material change in Audit Fee cannot be ascertained.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNo issues on merits of the proposed Statutory Auditors. Non-Compliant with Regulation 36(5) of SEBI LODR: Proposed audit fee payable to Statutory Auditors is not disclosed. Material change in Audit Fee cannot be ascertained.
- Kotak Mahindra Mutual FundM S K A & Associates will replace Price Waterhouse Chartered Accountants LLP, as they are retiring at the 2025 AGM. The company proposes to appoint M S K A & Associates as statutory auditors from the conclusion of 2025 AGM till the conclusion of 2030 AGM. But, company has NOT disclosed the proposed remuneration, which is a regulatory requirement. Hence, we do not favour the resolution.
- Nippon India Mutual FundNon-Compliant with Regulation 36(5) of SEBI LODR: Proposed audit fee payable to Statutory Auditors is not disclosed. Material change in Audit Fee cannot be ascertained.
8 for8 againstTo approve the appointment of M/s Rathi & Associates, Practicing Company Secretaries as Secretarial Auditors of the Company for the first term of five years from 1st April 2025 to 31st March 2030 and authorise the Board of Directors (including the Audit Committee) to fix the remuneration.MoreLess
Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
- Angel One Mutual FundCredentials of the proposed Secretarial Auditors not disclosed.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNo concern on merit of the proposed Secretarial Auditors. Non-Compliant with Regulation 36(5) of SEBI LODR: Credentials of the proposed Secretarial Auditors not disclosed.
- Nippon India Mutual FundNon-Compliant with Regulation 36(5) of SEBI LODR: Credentials of the proposed Secretarial Auditors not disclosed.
9 for7 againstTo approve the Material Related Party Transaction with Maersk A/S (including A P Moller Maersk A/S and its affiliates), a related party in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the period from 1st April 2026 to 30th September 2028 with further liberty to the Board of Directors (including the Audit Committee) to make material modifications without further reference to the shareholders of the company.MoreLess
16 for0 against- To approve the Re-appointment of Mr. Samir Chaturvedi (DIN: 08911552) as an Independent Director for second term of five consecutive years from 12th November 2025 to 11th November 2030.16 for0 against
6 earlier meetings
Mutual fund votes, meeting of 22 Aug 2024, 14 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To receive, consider and adopt: (a) the Audited Standalone Financial Statements of the Company for the financial year ended 31st March 2024 along with 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 31st March 2024 along with the Auditors Report thereon.MoreLess
Against Axis Mutual Fund, Bandhan Mutual Fund, DSP Mutual Fund, Mirae Asset Mutual Fund, Nippon India Mutual Fund, Taurus Mutual Fund
- Axis Mutual Fund, Bandhan Mutual Fund, DSP Mutual Fund, Taurus Mutual FundThe auditors have issued a qualified opinion on the accounts as well as a qualified opinion on the internal financial controls. Their concerns include the inclusion of Rs 94.6 mn in profits from an unaudited associate company, Pipavav Railway Corporation Ltd, in the consolidated financial statements. Additionally, there is uncertainty about recovering a Rs 185.4 mn bank guarantee encashed by the Gujarat Maritime Board (GMB) on 13 February 2019, along with further demands totalling Rs 371.0 mn (comprising liquidated damages, GST, and interest). The auditors also noted that while the company’s accounting software included an audit trail feature for tracking transactions, this feature was missing for certain transactions and master data changes. There was no evidence of tampering with the audit trail in the software. The auditors were also unable to review the audit trail for the unaudited associate company. Given these concerns, we do not support the resolution.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
- Nippon India Mutual FundThe Consolidated financial statements have not been prepared in accordance with the Indian Accounting Standards
8 for6 against- To declare a final dividend of Rs. 3.70 per equity share and to confirm the interim dividend of Rs. 3.60 per equity share already paid during the year, for the financial year ended 31st March 2024.13 for0 against
- To appoint a Director in place of Mr. Timothy John Smith (DIN: 08526373) who retires by rotation and being eligible offers himself for re-appointment13 for0 against
- To appoint a Director in place of Mr. Soren Brandt (DIN: 00270435) who retires by rotation and being eligible, offers himself for re-appointment13 for0 against
3 proposals not matched to one resolution
- Item 2, as a fund house numbered it1 for0 against
- Item 3, as a fund house numbered it1 for0 against
- Item 4, as a fund house numbered it1 for0 against
Mutual fund votes, meeting of 25 Dec 2023, 8 fund houses
- Appointment of Mr. Steven Coert Deloor (DIN: 10337166) as Director of the Company
Against SBI Mutual Fund
- SBI Mutual FundSteven Deloor, 52, is the Regional Head of Finance for Asia and Middle-East at APM Terminals. Prior to this he was Chief Financial Officer for Americas. He joined APM Terminals in 2019 as Chief Financial Officer for Latin America from 2019. Prior to joining APM Terminals, he was the Group Chief Financial Officer for Latin America at Odfjell Terminals from 2015 to 2019 and was the Chief Financial Officer for Brazil at Royal Vopak from 2010 to 2015. He has also worked with Ford Motors in the past. He holds a Masters degree in Business Economics from the University of Groningen and an MBA from IE Business School. We observe that there are 11 Board of Directors (BODs), out of which 4 are classified as independent directors and out of which 1 ID is long tenured, due to long association with the group company. Hence, the effective independence is assessed at 27% at the SBIMF Framework. We wish to clarify that we do not have any doubt about the competency of the promoter directors or promoter director representatives. However, our concern is <50% independence on the board. This is why we do not support the resolution.
7 for1 against
Mutual fund votes, meeting of 4 Aug 2023, 9 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To receive, consider and adopt (a) the Audited Standalone financial statements of the Company for the financial year ended 31st March 2023, along with 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 31st March 2023 along with the Auditors Report thereonMoreLess
Against Axis Mutual Fund, HSBC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, Taurus Mutual Fund
- Axis Mutual FundThe auditors have issued a qualified opinion and identified material weaknesses in the company’s internal financial controls due to concerns regarding the inclusion of share of profit/comprehensive income of Rs 213.66 mn from an unaudited associate company (Pipavav Railway Corporation Ltd) in the company’s consolidated financial statements. Further, the auditors have raised concerns regarding the uncertainty about the recovery of Bank Guarantee amounting to Rs 185.35 mn encashed by Gujarat Maritime Board (GMB) on 13 February 2019, and further demand of Rs. 337.59 mn towards liquidated damages and Rs. 33.36 mn towards GST along with interest at the rate of 18% per annum, raised by GMB. Given these concerns, we do not support the resolution
- HSBC Mutual FundThere are concerns about the accounts presented or audit procedures used
- Motilal Oswal Mutual FundStandalone Accounts: Unqualified financial statements. Consolidate Accounts: Qualified opinion by the Auditors.
- Nippon India Mutual FundQualified opinion on consolidated financial statements
- Taurus Mutual FundThe auditors have issued a qualified opinion and identified material weaknesses in the company’s internal financial controls due to concerns regarding the inclusion of share of profit/comprehensive income of Rs 213.66 mn from an unaudited associate company (Pipavav Railway Corporation Ltd) in the company’s consolidated financial statements. Further, the auditors have raised concerns regarding the uncertainty about the recovery of Bank Guarantee amounting to Rs 185.35 mn encashed by Gujarat Maritime Board (GMB) on 13 February 2019, and further demand of Rs. 337.59 mn towards liquidated damages and Rs. 33.36 mn towards GST along with interest at the rate of 18% per annum, raised by GMB. Given these concerns, we do not support the resolution.
4 for5 against- To declare a Final Dividend of Rs. 3.40 per equity share and to confirm the Interim Dividend of Rs. 2.70 per equity share paid during the year, for the financial year ended 31st March 20238 for0 against
- To appoint a Director in place of Mr. Keld Pedersen (DIN: 07144184) who retires by rotation and being eligible, offers himself for re-appointment
Against HSBC Mutual Fund
- HSBC Mutual FundWe have concerns about insufficient independence on the board.
7 for1 against - To appoint a Director in place of Mr. Jonathan Richard Goldner (DIN: 09311803) who retires by rotation and being eligible, offers himself for re-appointment.
Against HSBC Mutual Fund
- HSBC Mutual FundWe have concerns about insufficient independence on the board.
7 for1 against
3 proposals not matched to one resolution
- Item 2, as a fund house numbered it1 for0 against
- Item 3, as a fund house numbered it1 for0 against
- Item 4, as a fund house numbered it1 for0 against
Mutual fund votes, meeting of 30 Dec 2022, 7 fund houses
- Item 1, as a fund house numbered it1 for0 against
- Item 2, as a fund house numbered it1 for0 against
- 1) Appoint Girish Aggarwal (DIN:07974838) as Director from 1 January 2023.1 for0 against
- 2) Appoint Girish Aggarwal (DIN:07974838) as Managing Director for five years from 1 January 2023 and fix his remuneration.1 for0 against
- Appoint Girish Aggarwal (DIN:07974838) as Director from 1 January 20232 for0 against
- Appoint Girish Aggarwal (DIN:07974838) as Managing Director for five years from 1 January 2023 and fix his remuneration2 for0 against
- Appointment of Mr. Girish Aggarwal (DIN:07974838) as Director of the Company with effect from 1st January, 2023.2 for0 against
- Appointment of Mr. Girish Aggarwal (DIN:07974838) as Managing Director of the Company for a period of five years from 1st January, 2023 and including remuneration.2 for0 against
- To appoint Mr. Girish Aggarwal (DIN:07974838) as Director of the Company with effect from 1st January, 20231 for0 against
- To appoint Mr. Girish Aggarwal (DIN:07974838) as Managing Director of the Company for a period of five years with effect from 1st January 2023 to 31st December 2027 & to fix remuneration1 for0 against
Mutual fund votes, meeting of 31 Oct 2022, 6 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Appointment of Ms Matangi Gowrishankar (DIN 01518137) as an Independent Director for a period of five consecutive years with effect from 3rd August 2022 to 2nd August 20275 for0 against
- Approval of Related Party Transaction with Maersk A/S
Against Nippon India Mutual Fund
- Nippon India Mutual FundOmnibus approval for more than one year
5 for1 against
1 proposal not matched to one resolution
- Item 1, as a fund house numbered it1 for0 against
Mutual fund votes, meeting of 3 Aug 2022, 6 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To receive consider and adopt a) Audited Standalone Financial Statement of the Company for the financial year ended 31st March 2022 along with the Directors and Auditors Report thereon b) Audited Consolidated Financial Statement for the financial year ended 31st March 2022 along with Auditors Report thereonMoreLess
Against Nippon India Mutual Fund
- Nippon India Mutual FundMaterial weaknesses in the effectiveness of the company’s internal financial controls
4 for1 against- To declare a Final Dividend of Rs. 2.40 per share and to approve the Interim Dividend on Rs. 1.60 per share already paid during the year, for financial year 31st March 20225 for0 against
- To appoint a Director in place of Mr. Soren Brandt (DIN: 00270435) who retires by rotation and being eligible offers himself for re-appointment5 for0 against
- To appoint a Director in place of Mr. Maarten Degryse (DIN: 08925380) who retires by rotation and being eligible offers himself for re-appointment6 for0 against
- Appointment of Mr. Jonathan Richard Goldner (DIN: 09311803) as Director of the Company5 for0 against
4 proposals not matched to one resolution
- Item 1, as a fund house numbered it
Against Taurus Mutual Fund
- Taurus Mutual FundThe auditors have raised several concerns on the possible impact of the financial statements of Pipavav Railway Corporation Ltd (PRCL), including the possible need to strengthen some areas of internal control at PRCL. Given these concerns, we do not support the resolution.
0 for1 against - Item 2, as a fund house numbered it1 for0 against
- Item 3, as a fund house numbered it1 for0 against
- Item 5, as a fund house numbered it1 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Tax disputes
Reported in the filing for the quarter to Sep 2026.
- Tax disputeSharda SteelSince 14 Feb 2000
The plaintiff has filed for restoration of the suit and the Court has restored the matter. The Company has challenged the restoration and the hearing is pending. If the suit gets restored then the Company shall cross examine the witness of Sharda Steel.MoreLess
At the filing before: The plaintiff has filed four suits and was taking multiple adjournments and was not attending the Court. Gujarat Pipavav Port Limited filed the prayer for dismissal of the suit. The Court granted the prayer and dismissed the suit.MoreLess
- Tax disputeIndian Oil CorporationSince 11 Mar 2005
Gujarat Pipavav Port Limited has filed the petition in Bombay High Court under Section 34 of Arbitration and Concilation Act challenging the Arbitration Award. The Company has also filed an application for stay of the Award. Indian Oil has filed the application for execution of Award. The High Court provided stay subject to submission of Bank Guarantee for the claim amount. The Company has submitted the Bank Guarantee to the HIgh Court and the stay order is effective. The matter is pending for decision.MoreLess
At the filing before: Indian Oil had filed an Arbitration against Gujarat Pipavav Port Limited. The Arbitrator gave the decision in favour of Indian Oil and Gujarat Pipavav Port Limited has challenged the decision. - Tax disputeGujarat Pipavav Port LimitedSince 30 May 2014
Frigate has filed an application with the Arbitrator to settle the matter. The settlement proposal has been received from Frigate along with offer for mediation talk for settlement. The Company is working on the proposal received.MoreLess
At the filing before: Frigate Technologies Private Limited was requried to supply, erect and commission the Wagon Loading System. The system did not deliver the rated performance and the Company suffered losses. The Company filed Arbitration against Frigate.MoreLess
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
- 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
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.