Greenply Industries logo

Greenply Industries MD, chairman, board of directors and AGM

NSE: GREENPLYBSE: 526797Consumer DurablesSmall Cap

Last close ₹284.80down ₹4.90 (1.69%)BSE ₹284.95

Share price at the NSE close on 23 Oct 2026. Previous close ₹289.70.

52-week range of traded prices to 23 Oct 2026
₹176.42Low, 30 Mar 2026₹334.40High, 22 Jul 2026
Market cap
₹3,557 Cr973rd largest listed
P/E
36.1
P/E without one-offs
30.2
P/B
4.0
Dividend yield
0.18%
ROE
11.6%
ROE without one-offs
13.8%
ROCE
15.9%
Debt to equity
0.55
Volume, NSE
1,25,15051.8% delivered

Greenply Industries board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorRAJESH MITTALRelated to the promoter
  • Managing directorSANIDHYA MITTAL
  • Company Secretary and Compliance OfficerKAUSHAL KUMAR AGARWAL

5 directors3 independent2 executive

  • RAJESH MITTAL · Chairperson and managing directorExecutive · joined Nov 1990 · reappointed Jan 2026 · 1 listed board · 2 committee seats
  • SANIDHYA MITTAL · Managing directorExecutive · joined Feb 2018 · reappointed Feb 2023 · 2 listed boards · 1 as independent · 1 committee seat
  • BRAJA NARAYAN MOHANTYIndependent · joined Feb 2024 · reappointed Feb 2024 · 28 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • ADIKA RATNA SEKHARIndependent · joined Sep 2024 · reappointed Sep 2024 · 21 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • VINITA BAJORIAIndependent · joined Sep 2021 · reappointed Sep 2021 · 57 months as independent · 1 listed board · 1 as independent

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.

1 director who left
  • MANOJ TULSIAN, left 1 May 2026: Others

Committees and meetings

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

  • Board

    • 26 Jun 20265 of 5 present3 independent · 58 days in between
    • 28 Apr 20266 of 6 present3 independent · 27 days in between
    • 31 Mar 20265 of 6 present3 independent
    • 4 Feb 20266 of 6 present3 independent

  • Audit Committee

    Chair ADIKA RATNA SEKHAR

    RAJESH MITTAL, BRAJA NARAYAN MOHANTY

    • 26 Jun 20263 of 3 present2 independent · 58 days in between
    • 28 Apr 20263 of 3 present2 independent · 27 days in between
    • 31 Mar 20263 of 3 present2 independent
    • 4 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair VINITA BAJORIA

    BRAJA NARAYAN MOHANTY, ADIKA RATNA SEKHAR, RAJESH MITTAL

    • 28 Apr 20264 of 4 present3 independent · 27 days in between
    • 31 Mar 20264 of 4 present3 independent
    • 4 Feb 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair ADIKA RATNA SEKHAR

    RAJESH MITTAL, SANIDHYA MITTAL

    • 4 Feb 20263 of 3 present1 independent

  • Risk Management Committee

    Chair ADIKA RATNA SEKHAR

    SANIDHYA MITTAL, SANJIV KESHRI

    • 4 Feb 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair RAJESH MITTAL

    SANIDHYA MITTAL, VINITA BAJORIA

    • 28 Apr 20263 of 3 present1 independent · 82 days in between
    • 4 Feb 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 Mar 2026.

  • B S R & Co. LLP, Chartered AccountantsPeer-review certificate valid to Jul 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Greenply Industries 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.Greenply Industries dividend history

Annual general meeting, 25 Aug 2026

51,807 shareholders on the register on 18 Aug 2026; present: 8 promoters and 57 others; votes counted by DILIP KUMAR SARAWAGI / DKS & CO..The company's voting result (opens in a new tab)

  1. Adoption of (a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026 including the Audited Balance Sheet as at March 31, 2026 and Statement of Profit & Loss for the year ended on that date and the Reports of the Board of Directors, and Auditors thereon. (b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 including the Audited Balance Sheet as at March 31, 2026 and Statement of Profit & Loss for the year ended on that date and the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 84.10% · promoters 100.00% · institutions 89.12% · other public 0.29%

  2. Declaration of final dividend of Re. 0.50/- per share (50%), on Equity Shares of the Company, for the Financial Year ended March 31, 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 84.10% · promoters 100.00% · institutions 89.12% · other public 0.29%

  3. Re-appointment of Mr. Sanidhya Mittal (DIN: 06579890) as a Director of the Company, liable to retire by rotation
    Ordinary
    99.67% for0.33% against

    Against: promoters 0.00% · institutions 0.87% · other public 0.45%

    Turnout: all 84.05% · promoters 99.89% · institutions 89.12% · other public 0.29%

  4. Re-appointment of Ms. Vinita Bajoria (DIN: 02412990) as an Independent Director of the Company
    Special
    98.50% for1.50% against

    Against: promoters 0.00% · institutions 3.92% · other public 0.34%

    Turnout: all 84.10% · promoters 100.00% · institutions 89.12% · other public 0.29%

  5. Appointment of Mr. Girish Kulkarni (DIN: 01683332) as an Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 84.10% · promoters 100.00% · institutions 89.12% · other public 0.29%

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, 29 Dec 2025, 1 resolution

52,633 shareholders on the register on 24 Nov 2025; votes counted by DILIP KUMAR SARAWAGI / DKS & CO..The company's voting result (opens in a new tab)

  1. RE-APPOINTMENT OF MR. RAJESH MITTAL [DIN: 00240900] AS AN EXECUTIVE DIRECTOR IN THE CAPACITY OF CHAIRMAN CUM MANAGING DIRECTOR OF THE COMPANY
    SpecialPromoters have an interest in it
    97.81% for2.19% against

    Against: promoters 0.00% · institutions 5.57% · other public 3.86%

    Turnout: all 84.92% · promoters 99.74% · institutions 90.21% · 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, 25 Aug 2025, 4 resolutions

53,932 shareholders on the register on 18 Aug 2025; present: 7 promoters and 54 others; votes counted by DILIP KUMAR SARAWAGI / DKS & CO..The company's voting result (opens in a new tab)

  1. Adoption of (a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025 including the Audited Balance Sheet as at March 31, 2025 and Statement of Profit & Loss for the year ended on that date 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 March 31, 2025 including the Audited Balance Sheet as at March 31, 2025 and Statement of Profit & Loss for the year ended on that date and the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 85.01% · promoters 100.00% · institutions 90.16% · other public 0.23%

  2. Declaration of final dividend of Re. 0.50/- per share (50%), on Equity Shares of the Company, for the Financial Year ended March 31, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 85.01% · promoters 100.00% · institutions 90.16% · other public 0.23%

  3. Re-appointment of Mr. Rajesh Mittal (DIN: 00240900) as a Director of the Company, liable to retire by rotation
    Ordinary
    99.30% for0.70% against

    Against: promoters 0.00% · institutions 1.79% · other public 1.71%

    Turnout: all 85.00% · promoters 99.99% · institutions 90.16% · other public 0.23%

  4. Appointment of Secretarial Auditors for a term of 5 (Five) consecutive financial years commencing from FY 2025-26 till FY 2029-30.
    Ordinary
    99.33% for0.67% against

    Against: promoters 0.00% · institutions 1.70% · other public 1.13%

    Turnout: all 85.01% · promoters 100.00% · institutions 90.16% · other public 0.23%

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, 28 Mar 2025, 1 resolution

54,256 shareholders on the register on 21 Feb 2025; votes counted by DILIP KUMAR SARAWAGI / DKS & CO..The company's voting result (opens in a new tab)

  1. RE-APPOINTMENT OF MR. MANOJ TULSIAN [DIN: 05117060] AS AN EXECUTIVE DIRECTOR IN THE CAPACITY OF JOINT MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER OF THE COMPANY
    Ordinary
    95.92% for4.08% against

    Against: promoters 0.00% · institutions 10.69% · other public 5.65%

    Turnout: all 83.53% · promoters 100.00% · institutions 87.65% · 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, 30 Sep 2024, 6 resolutions

Present: 6 promoters and 42 others.The company's voting result (opens in a new tab)

  1. Adoption of (a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2024 including the Audited Balance Sheet as at March 31, 2024 and Statement of Profit & Loss for the year ended on that date 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 March 31, 2024 including the Audited Balance Sheet as at March 31, 2024 and Statement of Profit & Loss for the year ended on that date and the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.05%

    Turnout: all 84.04% · promoters 99.96% · institutions 88.52% · other public 0.23%

  2. Declaration of dividend of Re.0.50/- per share (50%), on Equity Shares of the Company, for the Financial Year ended March 31, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.13%

    Turnout: all 84.04% · promoters 99.96% · institutions 88.52% · other public 0.23%

  3. Re-appointment of Mr. Manoj Tulsian (DIN: 05117060) as a Director of the Company, liable to retire by rotation.
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.15% · other public 1.68%

    Turnout: all 84.04% · promoters 99.96% · institutions 88.52% · other public 0.23%

  4. Appointment of Mr. Adika Ratna Sekhar (DIN: 08053637) as an Independent Director of the Company.
    Special
    99.35% for0.65% against

    Against: promoters 0.00% · institutions 1.71% · other public 1.39%

    Turnout: all 84.04% · promoters 99.96% · institutions 88.52% · other public 0.23%

  5. Granting of loan to Greenply Samet Private Limited, Joint Venture Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.68%

    Turnout: all 84.04% · promoters 99.96% · institutions 88.52% · other public 0.23%

  6. Increase in the managerial remuneration of Joint Managing Director and CEO, to enable exercise of vested ESOPs.
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.15% · other public 9.10%

    Turnout: all 84.04% · promoters 99.96% · institutions 88.52% · other public 0.23%

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, 28 Jun 2024, 1 resolution

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

  1. Approval of Corporate Guarantee issued by the Company in connection with loan taken by, Greenply Samet Private Limited, a Joint Venture Company, for an amount of Rs. 55 Crores (Rupees Fifty Five Crores)MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.02%

    Turnout: all 83.42% · promoters 100.00% · institutions 90.22% · other public 0.22%

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

Postal ballot, 15 Feb 2024, 2 resolutions

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

  1. Transfer of Investments held In Greenply Middle East Limited, A Wholly Owned Material Subsidiary of the Company and Cessation of Controlling rights thereto.
    Special
    97.40% for2.60% against

    Against: promoters 0.00% · institutions 6.98% · other public 0.62%

    Turnout: all 82.85% · promoters 100.00% · institutions 91.65% · other public 0.31%

  2. Appointment of Mr. Braja Narayan Mohanty (DIN-01978290) as an Independent Director of the Company for a term of 5 (five) consecutive years with effect from February 15, 2024 to February 14, 2029.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.27%

    Turnout: all 82.85% · promoters 100.00% · institutions 91.65% · other public 0.31%

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, 20 Sep 2023, 3 resolutions

Present: 3 promoters and 46 others.The company's voting result (opens in a new tab)

  1. Adoption of (a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2023 including the Audited Balance Sheet as at March 31, 2023 and Statement of Profit & Loss for the year ended on that date 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 March 31, 2023 including the Audited Balance Sheet as at March 31, 2023 and Statement of Profit & Loss for the year ended on that date and the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.64%

    Turnout: all 85.06% · promoters 100.00% · institutions 93.34% · other public 0.18%

  2. Declaration of Dividend of Re.0.50/- per share (50%), on Equity Shares of the Company, for the Financial Year ended March 31, 2023.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.56%

    Turnout: all 85.06% · promoters 100.00% · institutions 93.34% · other public 0.18%

  3. Re-appointment of Mr. Sanidhya Mittal [DIN: 06579890] as a Director of the Company, liable to retire by rotation.
    Ordinary
    96.54% for3.46% against

    Against: promoters 0.00% · institutions 8.94% · other public 5.07%

    Turnout: all 85.06% · promoters 100.00% · institutions 93.34% · other public 0.18%

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 25 Aug 2026, 4 fund houses so far (houses' deadline to file 15 Oct 2026)

  • Adoption of (a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026 including the Audited Balance Sheet as at March 31, 2026 and Statement of Profit & Loss for the year ended on that date and the Reports of the Board of Directors, and Auditors thereon. (b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 including the Audited Balance Sheet as at March 31, 2026 and Statement of Profit & Loss for the year ended on that date and the Report of the Auditors thereon.MoreLess
    4 for0 against
  • Declaration of final dividend of Re. 0.50/- per share (50%), on Equity Shares of the Company, for the Financial Year ended March 31, 2026
    4 for0 against
  • Re-appointment of Mr. Sanidhya Mittal (DIN: 06579890) as a Director of the Company, liable to retire by rotation
    4 for0 against
  • Re-appointment of Ms. Vinita Bajoria (DIN: 02412990) as an Independent Director of the Company
    4 for0 against
  • Appointment of Mr. Girish Kulkarni (DIN: 01683332) as an Independent Director of the Company
    4 for0 against

Mutual fund votes, meeting of 29 Dec 2025, 11 fund houses

  • RE-APPOINTMENT OF MR. RAJESH MITTAL [DIN: 00240900] AS AN EXECUTIVE DIRECTOR IN THE CAPACITY OF CHAIRMAN CUM MANAGING DIRECTOR OF THE COMPANY
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. No concern on the merits of proposed appointee. Governance concern: Holding a combined position of Chairman and MD, may lead to the concentration of power in the hands of a single person. No absolute cap on variable pay or total remuneration.
    10 for1 against
6 earlier meetings

Mutual fund votes, meeting of 25 Aug 2025, 13 fund houses

  • Adoption of (a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025 including the Audited Balance Sheet as at March 31, 2025 and Statement of Profit & Loss for the year ended on that date 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 March 31, 2025 including the Audited Balance Sheet as at March 31, 2025 and Statement of Profit & Loss for the year ended on that date and the Report of the Auditors thereon.MoreLess
    13 for0 against
  • Declaration of final dividend of Re. 0.50/- per share (50%), on Equity Shares of the Company, for the Financial Year ended March 31, 2025
    13 for0 against
  • Re-appointment of Mr. Rajesh Mittal (DIN: 00240900) as a Director of the Company, liable to retire by rotation
    Against Angel One Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund
    • Angel One Mutual FundGovernance concern: Holding a combined position of Chairman and Managing Director, which may lead to the concentration of power in the hands of a single person.
    • Groww Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual FundCompliant with law. Governance concern: Holding a combined position of Chairman and MD, which may lead to the concentration of power in the hands of a single person.
    9 for4 against
  • Appointment of Secretarial Auditors for a term of 5 (Five) consecutive financial years commencing from FY 2025-26 till FY 2029-30.
    Against Angel One Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund
    • Angel One Mutual FundTransparency Concern: Previous auditors’ remuneration not available; it cannot be ascertained as to whether there is any material change in the proposed Audit fee.
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merits of proposed Auditors. Transparency Concern: Previous auditors’ remuneration not available; it cannot be ascertained as to whether there is any material change in the proposed Audit fee.
    • PGIM India Mutual FundCompliant with law. No concern on the merits of proposed Auditors. Transparency Concern: Previous auditors remuneration not available; it cannot be ascertained as to whether there is any material change in the proposed Audit fee.
    9 for4 against

Mutual fund votes, meeting of 28 Mar 2025, 10 fund houses

  • RE-APPOINTMENT OF MR. MANOJ TULSIAN [DIN: 05117060] AS AN EXECUTIVE DIRECTOR IN THE CAPACITY OF JOINT MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER OF THE COMPANY
    10 for0 against

Mutual fund votes, meeting of 30 Sep 2024, 9 fund houses

  • Adoption of (a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2024 including the Audited Balance Sheet as at March 31, 2024 and Statement of Profit & Loss for the year ended on that date 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 March 31, 2024 including the Audited Balance Sheet as at March 31, 2024 and Statement of Profit & Loss for the year ended on that date and the Report of the Auditors thereon.MoreLess
    9 for0 against
  • Declaration of dividend of Re.0.50/- per share (50%), on Equity Shares of the Company, for the Financial Year ended March 31, 2024.
    9 for0 against
  • Re-appointment of Mr. Manoj Tulsian (DIN: 05117060) as a Director of the Company, liable to retire by rotation.
    9 for0 against
  • Appointment of Mr. Adika Ratna Sekhar (DIN: 08053637) as an Independent Director of the Company.
    Against PGIM India Mutual Fund
    • PGIM India Mutual FundNo concern on the merit of proposed appointee. Non-Compliant with SEBI LODR & Companies Act, 2013: Terms and Conditions of appointment of proposed appointee not disclosed on the website of the Company.
    8 for1 against
  • Granting of loan to Greenply Samet Private Limited, Joint Venture Company.
    9 for0 against
  • Increase in the managerial remuneration of Joint Managing Director and CEO, to enable exercise of vested ESOPs.
    9 for0 against

Mutual fund votes, meeting of 28 Jun 2024, 9 fund houses

  • Approval of Corporate Guarantee issued by the Company in connection with loan taken by, Greenply Samet Private Limited, a Joint Venture Company, for an amount of Rs. 55 Crores (Rupees Fifty Five Crores)MoreLess
    9 for0 against

Mutual fund votes, meeting of 15 Feb 2024, 9 fund houses

  • Transfer of Investments held In Greenply Middle East Limited, A Wholly Owned Material Subsidiary of the Company and Cessation of Controlling rights thereto.
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual FundCompliant with Law. Governance Concern: Non-Disclosure of Valuation Report. Lack of clarity regarding basis of arriving at the value of consideration.
    6 for3 against
  • Appointment of Mr. Braja Narayan Mohanty (DIN-01978290) as an Independent Director of the Company for a term of 5 (five) consecutive years with effect from February 15, 2024 to February 14, 2029.
    9 for0 against

Mutual fund votes, meeting of 20 Sep 2023, 8 fund houses

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

  • Adoption of (a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2023 including the Audited Balance Sheet as at March 31, 2023 and Statement of Profit & Loss for the year ended on that date 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 March 31, 2023 including the Audited Balance Sheet as at March 31, 2023 and Statement of Profit & Loss for the year ended on that date and the Report of the Auditors thereon.MoreLess
    7 for0 against
  • Declaration of Dividend of Re.0.50/- per share (50%), on Equity Shares of the Company, for the Financial Year ended March 31, 2023.
    8 for0 against
  • Re-appointment of Mr. Sanidhya Mittal [DIN: 06579890] as a Director of the Company, liable to retire by rotation.
    Against HSBC Mutual Fund
    • HSBC Mutual FundA vote AGAINST the nominee is warranted because the board independence norms are not met (based on our reclassification), and Sanidhya Mittal is a non-independent director nominee.
    7 for1 against
1 proposal not matched to one resolution
  • Accept Financial Statements and Statutory Reports
    1 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 Jun 2026.

  • Tax disputeAssistant Commissioner of Sales Tax, Ghatak 10 (Ahmedabad), Division-1 Range-3, GujaratSince 8 Apr 2022
    The matter is pending before the Deputy Commissioner (Appeals) Ghatak 10 (Ahmedabad), Gujarat.
    At the filing before: Non-Allowance of Input Tax Credit: The department has raised tax demand of Rs.203.61 lacs along with penalty of Rs.20.36 lacs and interest Rs. 78.50 lacs for non-allowance of input tax credit for the year 2019-20. An appeal has been filed against the order.MoreLess
  • Tax disputeAssistant Commissioner of Sales Tax, Ghatak 10 (Ahmedabad), Division-1 Range-3, GujaratSince 30 Aug 2024
    The matter is pending before the Deputy Commissioner (Appeals) Ghatak 10 (Ahmedabad), Gujarat.
    At the filing before: The department has raised tax demand of Rs.363.72 lacs along with penalty of Rs.36.47 lacs and interest Rs. 322.33 lacs for various issues for the year 2019-20. An appeal has been filed against the order.MoreLess
  • Tax disputeDeputy Commissioner of Sales Tax, Corporate-1 Division-1 AhmedabadSince 30 Mar 2018
    The matter is pending before Gujarat Value Added Tax Tribunal, Ahmedabad.
    At the filing before: The department has raised the demand of Rs. 368.55 lacs along with Interest and penalty towards non submission of Form C & H for the year 2013-14.

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

Investor complaints and compliance

Quarter by quarter.

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

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
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.