Graphite India MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 4 Aug 2026, 11 fund houses so far (houses' deadline to file 15 Oct 2026)

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

• (a) Adoption of Audited Financial Statement of the Company for the financial year ended 31st March, 2026 and the reports of the Board of Directors and Auditors thereon. (b) Adoption of Audited Consolidated Financial Statement of the Company for the financial year ended 31st March, 2026, and the report of the Auditors thereon.MoreLess

  11 for0 against
• Declaration of dividend on equity shares for the financial year ended 31st March 2026.

  8 for0 against
• Re-appointment of Mr. Krishna Kumar Bangur (DIN: 00029427) who retires by rotation

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance and Transparency Concern: Remuneration proposed appears to be excessive in nature and in favour of promoter Non-Executive Director Chairman; and no adequate justification provided by the Company in the Notice.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. Governance and Transparency Concern: Remuneration proposed appears to be excessive in nature and in favour of promoter NED Chairman; and no adequate justification provided by the Company in the Notice.

  8 for3 against
• Approval of commission to Non-Executive Director of the company

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance and Transparency Concern: Remuneration proposed appears to be excessive in nature and in favour of promoter Non-Executive Director Chairman; and no adequate justification provided by the Company in the Notice.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. Governance and Transparency Concern: Remuneration proposed appears to be excessive in nature and in favour of promoter NED Chairman; and no adequate justification provided by the Company in the Notice.

  8 for3 against
• Re-appointment of Mrs. Sudha Krishnan (DIN: 02885630) as an Independent Director of the Company

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance Concern: Proposed appointee is an Nomination & Remuneration Committee member and remuneration appears to be skewed in favour of Promoter Non-Executive Director on the Board and also excessive remuneration payment without adequate justification to an Individual Non-Executive Director.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. Governance Concern: Proposed appointee is an NRC member and remuneration appears to be skewed in favour of Promoter NED on the Board and also excessive remuneration payment without adequate justification to an Individual NED.

  8 for3 against
• Ratification of remuneration payable to Cost auditors for FY 2026-2027.

  8 for0 against
• Approval of issue of Debentures/Bonds up to Rs. 5000 crore

  11 for0 against

Mutual fund votes, meeting of 24 Mar 2026, 18 fund houses

• Approve payment of Commission to Non-Executive Directors

  ›Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Jio BlackRock Mutual Fund, Kotak Mahindra Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, quant Mutual Fund

  • Angel One Mutual FundGovernance & Transparency Concern: No justification has been provided for the proposed payment of commission; Unfettered power to Board; Remuneration practice in past appears to be skewed in favour of Promoter Non-Executive Directors.
  • Axis Mutual Fund, Jio BlackRock Mutual FundAt 3% of FY25 standalone profits, the commission aggregates to ~Rs. 170.7 mn, which is high. The company seeks shareholder approval to authorize the board, based on the recommendation of the Nomination and Remuneration Committee, to determine the commission payable to individual directors for any financial year during the five years from 1 April 2025. This is an enabling resolution and does not specify an upper limit for each director. We do not support such blanket approvals. The company must cap the commission in absolute terms. We do not support the resolution.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance & Transparency Concern: No justification has been provided for the proposed payment of commission; Unfettered power to Board; Remuneration practice in past appears to be skewed in favour of Promoter NED.
  • HDFC Mutual FundThe proposed remuneration is not commensurate with the size of the business. We do not support the resolution.
  • Kotak Mahindra Mutual FundThe Company has not placed absolute cap on the proposed commission, neither on individual directors commission payable nor on aggregate commission payable to all directors, rather it has capped at 3% of net profits of the Company for each financial year. The company seeks shareholder approval to authorize the board, based on the recommendation of the Nomination and Remuneration Committee, to determine the commission payable to individual directors for any financial year during the five years from 1 April 2025. This is an enabling resolution and does not specify an upper limit for each director. Since the limits for each of the Directors are not mentioned, we vote against as We do not support blanket approvals.
  • Mirae Asset Mutual FundThe company must cap the commission in absolute terms. We do not support the resolution.
  • Nippon India Mutual FundGovernance & Transparency Concern: Inadequate clarity on proposed remuneration and unfettered power to Board
  • quant Mutual FundGovernance & transparency concern: No justification has been provided for the proposed payment of commission. Unfettered power to Board. Remuneration practice in past appears to be skewed in favour of Promoter NED.

  5 for13 against
• Approve increase in remuneration of Mr. Siddhant Bangur

  ›Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, quant Mutual Fund

  • Angel One Mutual FundGovernance & Transparency Concern: Basis of arriving at remuneration not disclosed, hence, fairness of proposed remuneration cannot be ascertained. Therefore, proposed remuneration appears excessive.
  • Axis Mutual FundSiddhant Bangur, 26, is the son of promoter and Non-Executive Chairperson, K K Bangur. He holds a Bachelor’s degree in Finance and Operations Management from the Kelley School of Business, Indiana University. After his graduation he joined as an Operations Officer with General Graphene Corporation, USA (GCC), an associate company of Graphite India. He was appointed as Business Development Executive from 1 September 2022. Currently, he is Senior Vice President (Business Development Executive). As per the company he has been involved in the business development activities of General Graphene Corporation, USA (subsidiary of the company) and is also leading the new age businesses. The company proposes to increase his remuneration upto Rs. 20.0 mn per annum from 1 April 2026. In FY25 Siddhant Bangur received a remuneration of Rs 6.8 mn. The company has not provided any justification for proposing ~194% increase in his overall remuneration. The company must also disclose whether the proposed remuneration has been benchmarked internally with peers in the company and whether his experience and education are comparable to others within the same cadre. Also, the approval sought is in perpetuity, whereas we expect companies to seek periodic shareholder approval. We do not support the resolution.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance & Transparency Concern: Basis of arriving at remuneration not disclosed, hence, fairness of proposed remuneration cannot be ascertained. Therefore, proposed remuneration appears excessive.
  • HDFC Mutual FundSiddhant Bangur, 26, is the son of promoter and Non-Executive Chairperson, K K Bangur. He holds a Bachelor’s degree in Finance and Operations Management from the Kelley School of Business, Indiana University. The proposed remuneration is not commensurate with the size of the business. We do not support the resolution.
  • Jio BlackRock Mutual FundSiddhant Bangur, 26, is the son of promoter and Non-Executive Chairperson, K K Bangur. He holds a Bachelor’s degree in Finance and Operations Management from the Kelley School of Business, Indiana University. After his graduation he joined as an Operations Officer with General Graphene Corporation, USA (GCC), an associate company of Graphite India. He was appointed as Business Development Executive from 1 September 2022. Currently, he is Senior Vice President (Business Development Executive). As per the company he has been involved in the business development activities of General Graphene Corporation, USA (subsidiary of the company) and is also leading the new age businesses. The company proposes to increase his remuneration upto Rs. 20.0 mn per annum from 1 April 2026.In FY25 Siddhant Bangur received a remuneration of Rs 6.8 mn. The company has not provided any justification for proposing ~194% increase in his overall remuneration. The company must also disclose whether the proposed remuneration has been benchmarked internally with peers in the company and whether his experience and education are comparable to others within the same cadre. Also, the approval sought is in perpetuity, whereas we expect companies to seek periodic shareholder approval. We do not support the resolution.
  • Mirae Asset Mutual Fundthe approval sought is in perpetuity, whereas we expect companies to seek periodic shareholder approval. We do not support the resolution.
  • Nippon India Mutual FundGovernance & Transparency Concern: Inadequate clarity on proposed remuneration and unfettered power to Board
  • quant Mutual FundIncrease in remuneration of son of promoter, 26 year old Siddhant Bangur, to INR 2.00cr p.a. from INR 0.60cr p.a. Governance & transparency concern: Basis of arriving at remuneration not disclosed, hence, fairness of proposed remuneration cannot be ascertained. Therefore, proposed remuneration appears excessive.

  6 for12 against

• Fine or penaltyCommissioner of CustomsSince 8 May 2026

  Fine imposed on late filing of Bill of Entry No. 9146499 Dtd. 08/05/2026

  Late submission of Bill of Entry
• Tax disputeCommissioner Of Central Excise,BolpurSince 6 Apr 2018
  Service tax Demand: Rs. 9,69,17,740.00 Appeal filed with CESTAT which was pending for hearing. Case dropped on 26-05-2026
  At the filing before: Not applicable since reporting for the 1st time.
• Tax disputeCommissioner of Central Excise,Bolpur & Asst Commissioner of Central Excise,DurgapurSince 15 Oct 2018
  Service Tax Demand :Rs. 10,50,12,374.00 Appeal filed with CESTAT which was pending for hearing. Case dropped on 26.05.2026
  At the filing before: Not applicable since reporting for the 1st time.
• Tax disputeAdditional Commissioner Of CGST ,Bolpur CommisionarateSince 31 Aug 2022
  Appeal Filed on 25-06-2026
  At the filing before: Demand for Reversal of Input Credit Transferred through TRAN-1 . Demand: Rs. 4,96,74,526.00. Requisite pre-deposit of Rs. 90,31,732/- was made on 8.10.24 for filing an appeal with GST Tribunal (to be Constituted).MoreLess
• Tax disputeCommissioner of Excise(Appeals)Since 1 May 2018
  Appeal filed before CESTAT against the Commissioner (Appeals) order 56/AMBAD-II/CEX/2016-17 dated 23-03-2017 demanding Rs.8,09,846 with interest and penalty relating to alleged wrong availment of exemption of duty on pipe fittings. The appeal is pending adjudication. Notice of Final Hearing of Appeal has been received by GIL on 11-05-2026. The case has been adjourned to 11-11-2026 by Hon’ble Bench.MoreLess
  At the filing before: Not applicable since reporting for the 1st time.
• Tax disputeAsst Commissioner GSTSince 30 Mar 2023
  Appeal filed in GSTAT against the order on 29-06-2026.
  At the filing before: Disallowance of TRAN1 Credit of Rs.7,02,977/- vide order no. 01/GST/GIL/SBP-II/2023 dated 30-03-2023. Predeposit of Rs.70,298/- has been paid for filing of appleal after constitution of GSTAT.
• Tax disputeCommissioner of Income Tax - IV, KolkataSince 6 Aug 2008
  In relation to company's pending appeal for AY 2000-01, Hon’ble Calcutta High Court vide order dated 05-05-2026 partly allowed the appeal filed by the company. Order giving effect to the order of High Court is pending.MoreLess
  At the filing before: Not applicable since reporting for the 1st time.
• Tax disputeCommissioner of Income Tax - IV, KolkataSince 12 May 2008
  In relation to company's pending appeal for AY 2001-02, Hon’ble Calcutta High Court vide order dated 21-04-2026 allowed the appeal filed by the company. Order giving effect to the order of High Court is pending. A review petition is filed & pending before High Court.MoreLess
  At the filing before: Not applicable since reporting for the 1st time.

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

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.