Happiest Minds Technologies logo

Happiest Minds Technologies CEO, MD, chairman, board of directors and AGM

NSE: HAPPSTMNDSBSE: 543227IT - SoftwareSmall Cap

Last close ₹301.15down ₹6.35 (2.07%)BSE ₹301.30

Share price at the NSE close on 23 Oct 2026. Previous close ₹307.50.

52-week range of traded prices to 23 Oct 2026
₹299.00Low, 8 Oct 2026₹531.00High, 29 Oct 2025
Market cap
₹4,586 Cr732nd largest listed
P/E
20.6
P/B
2.7
Dividend yield
2.13%
ROE
13.7%
ROCE
10.9%
Debt to equity
0.84
Volume, NSE
5,20,51936.8% delivered

Happiest Minds Technologies 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

  • ChairpersonAshok Soota
  • Managing directorVenkatraman Narayanan
  • Chief executiveJoseph Vinod Anantharaju
  • Company Secretary and Compliance OfficerPraveen Kumar Darshankar

7 directors4 independent3 executive

  • Ashok Soota · ChairpersonExecutive · joined Apr 2011 · reappointed Apr 2024 · 60 months as independent · 1 listed board
  • Venkatraman Narayanan · Managing directorExecutive · joined Jan 2018 · reappointed Nov 2025 · 60 months as independent · 1 listed board · 2 committee seats
  • Joseph Vinod Anantharaju · Chief executiveExecutive · joined Nov 2020 · reappointed Nov 2025 · 60 months as independent · 1 listed board · 1 committee seat
  • Anita RamachandranIndependent · joined Jun 2020 · reappointed Jun 2025 · 60 months as independent · 6 listed boards · 6 as independent · 9 committee seats, 3 as chair
  • Rajendra Kumar SrivastavaIndependent · joined Jun 2020 · reappointed Jun 2025 · 60 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • Shuba Rao MayyaIndependent · joined Jun 2020 · reappointed Jun 2025 · 60 months as independent · 3 listed boards · 3 as independent · 7 committee seats, 3 as chair
  • Seshashayee SridharaIndependent · joined Aug 2024 · reappointed Aug 2024 · 60 months as independent · 2 listed boards · 2 as independent · 1 committee seat, 1 as chair

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
  • Rajiv Indravadan Shah, left 31 Dec 2025: Others

Committees and meetings

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

  • Board

    • 31 Aug 20267 of 7 present4 independent · 34 days in between
    • 27 Jul 20267 of 7 present4 independent · 59 days in between
    • 28 May 20267 of 7 present4 independent · 2 days in between
    • 25 May 20267 of 7 present4 independent · 13 days in between
    1 earlier meeting
    • 11 May 20267 of 7 present4 independent

  • Audit Committee

    Chair Shuba Rao Mayya

    Anita Ramachandran, Rajendra Kumar Srivastava, Venkatraman Narayanan

    • 31 Aug 20264 of 4 present3 independent · 34 days in between
    • 27 Jul 20264 of 4 present3 independent · 59 days in between
    • 28 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Anita Ramachandran

    Ashok Soota, Seshashayee Sridhara, Rajendra Kumar Srivastava, Shuba Rao Mayya

    • 13 Apr 20265 of 5 present4 independent

  • Stakeholders Relationship Committee

    Chair Shuba Rao Mayya

    Anita Ramachandran, Joseph Vinod Anantharaju, Venkatraman Narayanan

    • 11 May 20264 of 4 present2 independent

  • Risk Management Committee

    Chair Rajendra Kumar Srivastava

    Anita Ramachandran, Seshashayee Sridhara, Shuba Rao Mayya, Joseph Vinod Anantharaju, Venkatraman Narayanan

    • 27 Jul 20266 of 6 present4 independent

  • Corporate Social Responsibility Committee

    Chair Anita Ramachandran

    Rajendra Kumar Srivastava, Venkatraman Narayanan

    • 28 May 20263 of 3 present2 independent

  • Strategic Initiatives Committee

    Chair Seshashayee Sridhara and Rajendra Kumar Srivastava

    Ashok Soota, Joseph Vinod Anantharaju, Venkatraman Narayanan

    • 27 Jul 20265 of 5 present2 independent · 62 days in between
    • 25 May 20265 of 5 present2 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.

  • Deloitte Haskins and SellsPeer-review certificate valid to Apr 2028

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

Happiest Minds Technologies 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.Happiest Minds Technologies dividend history

Postal ballot, 2 Oct 2026

6,51,777 shareholders on the register on 28 Aug 2026; votes counted by Pradeep B Kulkarni / V Sreedharan & Associates.The company's voting result (opens in a new tab)

  1. To approve shifting of Registered Office from the ‘State of Karnataka’ to the ‘State of West Bengal’ and consequent amendment to Clause II of the Memorandum of Association of the Company
    Special
    99.63% for0.37% against

    Against: promoters 0.00% · institutions 0.79% · other public 10.48%

    Turnout: all 54.09% · promoters 99.81% · institutions 74.97% · other public 2.87%

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, 28 Jul 2026, 5 resolutions

6,55,206 shareholders on the register on 22 Jul 2026; present: 2 promoters and 51 others; votes counted by V Sreedharan / V Sreedharan & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026 together with the Reports of Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 54.21% · promoters 99.81% · institutions 77.66% · other public 2.31%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 together with the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 54.21% · promoters 99.81% · institutions 77.66% · other public 2.31%

  3. To declare final dividend on equity shares for the financial year ended March 31, 2026.
    Ordinary
    99.73% for0.27% against

    Against: promoters 0.00% · institutions 1.60% · other public 0.02%

    Turnout: all 54.21% · promoters 99.81% · institutions 77.66% · other public 2.31%

  4. To appoint a Director in place of Mr. Joseph Vinod Kumar Anantharaju (DIN: 08859640) who retires by rotation and, being eligible, offers himself for re-appointment.
    Ordinary
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.34% · other public 1.98%

    Turnout: all 54.21% · promoters 99.81% · institutions 77.66% · other public 2.31%

  5. To re-appoint Auditors to hold office from the conclusion of the 15th Annual General Meeting until the conclusion of the 20th Annual General Meeting, and to fix their remuneration.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.14%

    Turnout: all 54.21% · promoters 99.81% · institutions 77.66% · other public 2.31%

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.

Postal ballot, 4 Sep 2025, 2 resolutions

6,89,135 shareholders on the register on 1 Aug 2025; votes counted by Mr. V Sreedharan / V Sreedharan and Associates.The company's voting result (opens in a new tab)

  1. To consider and approve the re-appointment of Mr. Joseph Vinod Kumar Anantharaju (DIN: 08859640) as Whole-time Director of the Company designated as Co-Chairman & CEO
    Special
    99.13% for0.87% against

    Against: promoters 0.00% · institutions 3.60% · other public 0.55%

    Turnout: all 60.68% · promoters 99.81% · institutions 89.06% · other public 5.72%

  2. To consider and approve the re-appointment of Mr. Venkatraman Narayanan (DIN: 01856347) as Whole-time Director of the Company designated as Managing Director.
    Special
    92.71% for7.29% against

    Against: promoters 0.00% · institutions 30.89% · other public 0.53%

    Turnout: all 60.68% · promoters 99.81% · institutions 89.06% · other public 5.72%

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 Jul 2025, 12 resolutions

6,91,014 shareholders on the register on 23 Jul 2025; present: 2 promoters and 50 others; votes counted by Mr. V Sreedharan / V Sreedharan & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025 together with the Reports of Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 61.02% · promoters 99.81% · institutions 88.91% · other public 6.67%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 together with the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 61.02% · promoters 99.81% · institutions 88.91% · other public 6.67%

  3. To declare final dividend on equity shares for the financial year ended March 31, 2025
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 61.02% · promoters 99.81% · institutions 88.91% · other public 6.67%

  4. To appoint a Director in place of Mr. Ashok Soota (DIN: 00145962) who retires by rotation and, being eligible, offers himself for re-appointment
    Ordinary
    96.20% for3.80% against

    Against: promoters 0.00% · institutions 16.24% · other public 0.28%

    Turnout: all 61.02% · promoters 99.81% · institutions 88.91% · other public 6.67%

  5. To appoint Secretarial Auditors of the Company and to fix their remuneration
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 61.02% · promoters 99.81% · institutions 88.91% · other public 6.67%

  6. To increase the borrowing limits of the Company under Section 180(1)(c) of the Companies Act, 2013
    Special
    92.54% for7.46% against

    Against: promoters 0.00% · institutions 31.96% · other public 0.04%

    Turnout: all 61.00% · promoters 99.81% · institutions 88.91% · other public 6.63%

  7. Approval to create/modify charge on the movable and immovable assets including undertakings of the Company, both present and future
    Special
    92.70% for7.30% against

    Against: promoters 0.00% · institutions 31.28% · other public 0.02%

    Turnout: all 61.02% · promoters 99.81% · institutions 88.91% · other public 6.67%

  8. To re-appoint Mr. Rajendra Kumar Srivastava (DIN: 07500741) as an Independent Non-Executive Director of the Company
    Special
    99.52% for0.48% against

    Against: promoters 0.00% · institutions 2.05% · other public 0.07%

    Turnout: all 61.02% · promoters 99.81% · institutions 88.91% · other public 6.67%

  9. To continue Mr. Rajendra Kumar Srivastava (DIN: 07500741) as an Independent Non-Executive Director who shall attain the age of 75 years during his second term
    Special
    99.56% for0.44% against

    Against: promoters 0.00% · institutions 1.88% · other public 0.08%

    Turnout: all 61.02% · promoters 99.81% · institutions 88.91% · other public 6.67%

  10. To re-appoint Ms. Anita Ramachandran (DIN: 00118188) as an Independent Non-Executive Director of the Company
    Special
    98.67% for1.33% against

    Against: promoters 0.00% · institutions 3.82% · other public 10.02%

    Turnout: all 61.02% · promoters 99.81% · institutions 88.91% · other public 6.67%

  11. To re-appoint Ms. Shuba Rao Mayya (DIN: 08193276) as an Independent Non-Executive Director of the Company
    Special
    99.52% for0.48% against

    Against: promoters 0.00% · institutions 2.05% · other public 0.06%

    Turnout: all 61.02% · promoters 99.81% · institutions 88.91% · other public 6.67%

  12. To approve commission to Non-Executive Directors
    Special
    100.00% for0.00% against

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

    Turnout: all 61.02% · promoters 99.81% · institutions 88.91% · other public 6.67%

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

Postal ballot, 20 Sep 2024, 3 resolutions

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

  1. To consider and approve the appointment of Mr. Seshashayee Sampathiyengar Sridhara (akanMittu Sridhara) (DIN: 09247644) as Non-Executive Independent Director of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.13%

    Turnout: all 58.71% · promoters 99.78% · institutions 91.78% · other public 14.31%

  2. To consider and approve the appointment of Mr. Rajiv Indravadan Shah (DIN: 06752608) asnDirector of the Company, liable to retire by rotation
    Ordinary
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.48% · other public 0.20%

    Turnout: all 58.20% · promoters 99.78% · institutions 91.78% · other public 13.23%

  3. To consider and approve the appointment of Mr. Rajiv Indravadan Shah (DIN: 06752608) asnWhole-time Director of the Company designated as Executive Director.
    Special
    96.16% for3.84% against

    Against: promoters 0.00% · institutions 28.44% · other public 0.20%

    Turnout: all 58.20% · promoters 99.78% · institutions 91.78% · other public 13.23%

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.

Annual general meeting, 28 Jun 2024, 6 resolutions

Present: 2 promoters and 56 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024 together with the Reports of Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 63.65% · promoters 99.81% · institutions 90.15% · other public 14.99%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024 together with the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 63.65% · promoters 99.81% · institutions 90.15% · other public 14.99%

  3. To declare a final dividend of Rs.3.25 per share on equity shares for the financial year ended March 31, 2024.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 63.65% · promoters 99.81% · institutions 90.15% · other public 14.99%

  4. To appoint a Director in place of Mr. Venkatraman Narayanan (DIN: 01856347) who retires by rotation and, being eligible, offers himself for re-appointment
    Ordinary
    93.02% for6.98% against

    Against: promoters 0.00% · institutions 61.16% · other public 0.02%

    Turnout: all 63.65% · promoters 99.81% · institutions 90.15% · other public 14.99%

  5. To re-appoint Mr. Ashok Soota (having DIN No. 00145962), who has already attained the age of 70 years, as Whole-time Director, designated as Executive Chairman for a further period of five (5) years from April 1, 2024 to March 31, 2029 at the existing terms and conditionsMoreLess
    Special
    97.40% for2.60% against

    Against: promoters 0.00% · institutions 22.72% · other public 0.04%

    Turnout: all 63.65% · promoters 99.81% · institutions 90.15% · other public 14.99%

  6. To approve enhancement of Loans/Investments limit under Section 186 of the Act to Rs. 2500,00,00,000/- (Rupees Two Thousand Five Hundred Crores only) over and above the limits prescribed under the Companies Act, 2013MoreLess
    Special
    91.83% for8.17% against

    Against: promoters 0.00% · institutions 71.50% · other public 0.04%

    Turnout: all 63.65% · promoters 99.81% · institutions 90.15% · other public 14.99%

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, 17 Jul 2023, 4 resolutions

Present: 2 promoters and 44 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023, together with the Reports of Board of Directors and the Auditors thereon. To consider and if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT the audited standalone Financial Statements of the Company for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and Auditors thereon, as circulated to the members, be and are hereby received, approved and adopted.MoreLess
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 64.91% · promoters 99.78% · institutions 82.27% · other public 17.18%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023, together with the Report of the Auditors thereon. To consider and if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT the audited consolidated Financial Statements of the Company for the financial year ended March 31, 2023, together with the Report of the Auditors thereon, as circulated to the members, be and are hereby received, approved and adopted.MoreLess
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 64.91% · promoters 99.78% · institutions 82.27% · other public 17.18%

  3. To declare final dividend on equity shares for the financial year ended March 31, 2023. To consider and if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT a final dividend @ Rs 3.40 /- per equity share (@170% on par value of Rs.2/- each), for the financial year ended March 31, 2023 be paid on equity shares of the Company to those members whose names appear on the Register of Members of the Company as on July 7, 2023 and in respect of shares held in electronic form, to the beneficial owners of the shares as on July 7, 2023 as per details furnished by the Depositories for this purpose.MoreLess
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 64.91% · promoters 99.78% · institutions 82.27% · other public 17.18%

  4. To appoint a Director in place of Mr. Joseph Vinod Anantharaju (DIN 08859640) who retires by rotation and, being eligible, offers himself for re-appointment. To consider and if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT Mr. Joseph Vinod Anantharaju (holding DIN 08859640), who retires by rotation as Director at this Meeting pursuant to the provisions of Section 152 of the Companies Act, 2013 and being eligible has offered himself for re-appointment, be and is hereby re-appointed as a Director of the Company, liable to retire by rotation.MoreLess
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.13% · other public 0.01%

    Turnout: all 64.91% · promoters 99.78% · institutions 82.27% · other public 17.18%

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.

Postal ballot, 10 Nov 2022, 1 resolution

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

  1. To consider and approve raising funds through Qualified Institutional Placement(QIP)n and/or any other permissible modes
    Special
    99.72% for0.28% against

    Against: promoters 0.00% · institutions 3.83% · other public 0.01%

    Turnout: all 64.87% · promoters 99.78% · institutions 86.61% · other public 16.98%

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 Jul 2026, 3 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.

  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026 together with the Reports of Board of Directors and the Auditors thereon.MoreLess
    3 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 together with the Report of the Auditors thereon.
    3 for0 against
  • To declare final dividend on equity shares for the financial year ended March 31, 2026.
    3 for0 against
  • To appoint a Director in place of Mr. Joseph Vinod Kumar Anantharaju (DIN: 08859640) who retires by rotation and, being eligible, offers himself for re-appointment.
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance Concern: Nature of Position of Co-Chairpersonship. Holding Dual Position as Co-Chairperson and Executive Director.
    2 for1 against
  • To re-appoint Auditors to hold office from the conclusion of the 15th Annual General Meeting until the conclusion of the 20th Annual General Meeting, and to fix their remuneration.
    2 for0 against
1 proposal not matched to one resolution
  • 5) Reappoint Deloitte Haskins & Sells as Statutory Auditor for five years from 2026 AGM and fix their remuneration.
    1 for0 against

Mutual fund votes, meeting of 4 Sep 2025, 16 fund houses

  • To consider and approve the re-appointment of Mr. Joseph Vinod Kumar Anantharaju (DIN: 08859640) as Whole-time Director of the Company designated as Co-Chairman & CEO
    Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww 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, NJ Mutual Fund
    • Angel One Mutual Fund, Nippon India Mutual FundGovernance Concern: Nature of Position of Co-Chairpersonship. Holding Dual Position as Co-Chairperson and Executive Director.
    • Axis Mutual FundJoseph Anantharaju, 54, is co-founder and Whole-Time Director designated as Co-Chairperson and CEO, since 20 March 2025. Prior to that, he was Executive Vice Chairperson and President & Chief Executive Officer of the PDES Division. He has been associated with the company since 2011. He has attended nine out of ten (90%) board meetings held in FY25. He received Rs. 43.6 mn in FY25. His annual remuneration is USD 700,000 (Rs. 61.0 mn), excluding stock options. He is eligible for ESOPs, however there is no clarity on the quantum in the event of a grant. The company must also clarify the split between fixed and variable pay, and the performance metrics that determine such variable pay. We note that no options had been granted under the Happiest Minds Employee Stock Option Scheme 2020 (ESOP 2020) in the past. However, the annual report states that the board has approved a grant of 109,070 stock options to senior executives, at its board meeting held on 2 April 2025. This indicates that he may receive stock options over his tenure. Given the lack of clarity on stock option grants, we are unable to make a reasonable estimate of his overall proposed executive remuneration. The company must disclose the quantum of stock options proposed to be granted over the tenure. Although we support Joseph Vinod Anantharaju’s board reappointment, in the absence of disclosures on his proposed remuneration, we are unable to support the resolution.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of the proposed appointee. Governance Concern: Nature of Position of Co-Chairpersonship. Holding Dual Position as Co-Chairperson and Executive Director.
    • Jio BlackRock Mutual FundJoseph Anantharaju, 54, is co-founder and Whole-Time Director designated as Co-Chairperson and CEO, since 20 March 2025. Prior to that, he was Executive Vice Chairperson and President & Chief Executive Officer of the PDES Division. He has been associated with the company since 2011. He has attended nine out of ten (90%) board meetings held in FY25. He received Rs. 43.6 mn in FY25. His annual remuneration is capped at USD 700,000 (Total Rs. 61.0 mn; Rs. 45.7 mn fixed and Rs. 15.2 mn variable), excluding stock options. He is eligible for ESOPs, however there is no clarity on the quantum in the event of a grant. We note that no options had been granted under the Happiest Minds Employee Stock Option Scheme 2020 (ESOP 2020) in the past. However, the annual report states that the board has approved a grant of 109,070 stock options to senior executives, at its board meeting held on 2 April 2025. This indicates that he may receive stock options over his tenure. Given the lack of clarity on stock option grants, we are unable to make a reasonable estimate of his overall proposed executive remuneration. The company must disclose the quantum of stock options proposed to be granted over the tenure. Although we support Joseph Vinod Anantharaju’s board reappointment, in the absence of disclosures on his proposed remuneration, we are unable to support the resolution.
    • Kotak Mahindra Mutual FundJoseph Anantharaju, 54, is co-founder and Whole-Time Director designated as CoChairperson and CEO, since 20 March 2025. He has been associated with the company since 2011. He has attended nine out of ten (90%) board meetings held in FY25. He received Rs. 43.6 mn in FY25. His annual remuneration is USD 700,000 (Rs. 61.0 mn), excluding stock options. He is eligible for ESOPs, however there is no clarity on the quantum in the event of a grant. We note that no options had been granted under the Happiest Minds Employee Stock Option Scheme 2020 (ESOP 2020) in the past. However, the annual report states that the board has approved a grant of 109,070 stock options to senior executives, at its board meeting held on 2 April 2025. This indicates that he may receive stock options over his tenure. Given the lack of clarity on stock option grants, we are unable to make a reasonable estimate of his overall proposed executive remuneration. Hence, we do not support the resolution.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • NJ Mutual FundJoseph Anantharaju, 54, is co-founder and Whole-Time Director designated as Co- Chairperson and CEO, since 20 March 2025. Prior to that, he was Executive Vice Chairperson and President & Chief Executive Officer of the PDES Division. He has been associated with the company since 2011. He has attended nine out of ten (90%) board meetings held in FY25. He received Rs. 43.6 mn in FY25. His annual remuneration is USD 700,000 (Rs. 61.0 mn), excluding stock options. He is eligible for ESOPs, however there is no clarity on the quantum in the event of a grant. The company must also clarify the split between fixed and variable pay, and the performance metrics that determine such variable pay. We note that no options had been granted under the Happiest Minds Employee Stock Option Scheme 2020 (ESOP 2020) in the past. However, the annual report states that the board has approved a grant of 109,070 stock options to senior executives, at its board meeting held on 2 April 2025. This indicates that he may receive stock options over his tenure. Given the lack of clarity on stock option grants, we are unable to make a reasonable estimate of his overall proposed executive remuneration. The company must disclose the quantum of stock options proposed to be granted over the tenure. Although we support Joseph Vinod Anantharaju’s board reappointment, in the absence of disclosures on his proposed remuneration, we are unable to support the resolution.
    4 for12 against
  • To consider and approve the re-appointment of Mr. Venkatraman Narayanan (DIN: 01856347) as Whole-time Director of the Company designated as Managing Director.
    Against Axis Mutual Fund, Jio BlackRock Mutual Fund, Kotak Mahindra Mutual Fund, Mirae Asset Mutual Fund
    • Axis Mutual FundVenkatraman Narayanan, 54, is Managing Director. He has been on the board on Happiest Minds Technologies Limited (HMTL) since January 2018. He served as MD and CFO till 12 June 2025, after which he continues as MD. He has attended all ten (100%) board meetings held in FY25. He received Rs. 17.1 mn as FY25 remuneration. His annual remuneration is capped at Rs. 40.0 mn, excluding stock options. He is eligible for ESOPs, however there is no clarity on the quantum in the event of a grant. The company must also clarify the split between fixed and variable pay, and the performance metrics that determine such variable pay. We note that no options had been granted under the Happiest Minds Employee Stock Option Scheme 2020 (ESOP 2020) in the past. However, the annual report states that the board has approved a grant of 109,070 stock options to senior executives, at its board meeting held on 2 April 2025. This indicates that he may receive stock options over his tenure. Given the lack of clarity on stock option grants, we are unable to make a reasonable estimate of his overall proposed executive remuneration. The company must disclose the quantum of stock options proposed to be granted over the tenure. Although we support Venkatraman Narayanan’s board reappointment, in the absence of disclosures on his proposed remuneration, we are unable to support the resolution.
    • Jio BlackRock Mutual FundVenkatraman Narayanan, 54, is Managing Director. He has been on the board on Happiest Minds Technologies Limited (HMTL) since January 2018. He served as MD and CFO till 12 June 2025, after which he continues as MD. He has attended all ten (100%) board meetings held in FY25. He received Rs. 17.1 mn as FY25 remuneration. His annual remuneration is capped at Rs. 40.0 mn (fixed – Rs. 28.4 mn and variable – Rs. 10.0 mn) excluding stock options. He is eligible for ESOPs, however there is no clarity on the quantum in the event of a grant. We note that no options had been granted under the Happiest Minds Employee Stock Option Scheme 2020 (ESOP 2020) in the past. However, the annual report states that the board has approved a grant of 109,070 stock options to senior executives, at its board meeting held on 2 April 2025. This indicates that he may receive stock options over his tenure. Given the lack of clarity on stock option grants, we are unable to make a reasonable estimate of his overall proposed executive remuneration. The company must disclose the quantum of stock options proposed to be granted over the tenure. Although we support Venkatraman Narayanan’s board reappointment, in the absence of disclosures on his proposed remuneration, we are unable to support the resolution.
    • Kotak Mahindra Mutual FundVenkatraman Narayanan, 54, is Managing Director. He has been on the board on Happiest Minds Technologies Limited (HMTL) since January 2018. He served as MD and CFO till 12 June 2025, after which he continues as MD. He has attended all ten (100%) board meetings held in FY25. He received Rs. 17.1 mn as FY25 remuneration. His annual remuneration is capped at Rs. 40.0 mn, excluding stock options. He is eligible for ESOPs, however there is no clarity on the quantum in the event of a grant. We note that no options had been granted under the Happiest Minds Employee Stock Option Scheme 2020 (ESOP 2020) in the past. However, the annual report states that the board has approved a grant of 109,070 stock options to senior executives, at its board meeting held on 2 April 2025. This indicates that he may receive stock options over his tenure. Given the lack of clarity on stock option grants, we are unable to make a reasonable estimate of his overall proposed executive remuneration. Hence, we do not support the resolution.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    12 for4 against
5 earlier meetings

Mutual fund votes, meeting of 29 Jul 2025, 15 fund houses

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

  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025 together with the Reports of Board of Directors and the Auditors thereon.MoreLess
    15 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 together with the Report of the Auditors thereon.
    15 for0 against
  • To declare final dividend on equity shares for the financial year ended March 31, 2025
    15 for0 against
  • To appoint a Director in place of Mr. Ashok Soota (DIN: 00145962) who retires by rotation and, being eligible, offers himself for re-appointment
    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 FundGovernance Concern: Combined position of Chairman and Managing Director, concentration of power in the hands of a single person.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance Concern: combined position of Chairman and MD, concentration of power in the hands of a single person.
    • Nippon India Mutual FundGovernance Concern: combined position of Chairman and MD, concentration of power in the hands of a single person.
    8 for7 against
  • To appoint Secretarial Auditors of the Company and to fix their remuneration
    15 for0 against
  • To increase the borrowing limits of the Company under Section 180(1)(c) of the Companies Act, 2013
    2 for0 against
  • Approval to create/modify charge on the movable and immovable assets including undertakings of the Company, both present and future
    2 for0 against
  • To re-appoint Mr. Rajendra Kumar Srivastava (DIN: 07500741) as an Independent Non-Executive Director of the Company
    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 FundPrior approval of shareholders not sought for re-appointment as an Independent Director for second term.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNo concern on merit of Director. Non-Compliant with Companies Act: Prior approval of shareholders not sought for re-appointment as an ID.
    • Nippon India Mutual FundNon-Compliant with Companies Act: Prior approval of shareholders not sought for re-appointment as an ID.
    8 for7 against
  • To continue Mr. Rajendra Kumar Srivastava (DIN: 07500741) as an Independent Non-Executive Director who shall attain the age of 75 years during his second term
    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 FundPrior approval of shareholders not sought for re-appointment as an Independent Director for second term.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNo concern on merit of Director. Governance concern: Interlinked with resolution #8
    • Nippon India Mutual FundGovernance concern
    8 for7 against
  • To re-appoint Ms. Anita Ramachandran (DIN: 00118188) as an Independent Non-Executive Director of the Company
    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 FundPrior approval of shareholders not sought for re-appointment as an Independent Director for second term.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNo concern on merit of Director. Non-Compliant with Companies Act: Prior approval of shareholders not sought for re-appointment as an ID.
    • Nippon India Mutual FundNon-Compliant with Companies Act: Prior approval of shareholders not sought for re-appointment as an ID.
    8 for7 against
  • To re-appoint Ms. Shuba Rao Mayya (DIN: 08193276) as an Independent Non-Executive Director of the Company
    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 FundPrior approval of shareholders not sought for re-appointment as an Independent Director for second term.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNo concern on merit of Director. Non-Compliant with Companies Act: Prior approval of shareholders not sought for re-appointment as an ID.
    • Nippon India Mutual FundNon-Compliant with Companies Act: Prior approval of shareholders not sought for re-appointment as an ID.
    8 for7 against
  • To approve commission to Non-Executive Directors
    15 for0 against
2 proposals not matched to one resolution
  • To borrow any sum or sums of money, from time to time from banks, firms, bodies corporate, foreign lenders, financial institutions or from any other source in India or outside India whomsoever and with or without security as the Board of Directors may think fit notwithstanding that the monies already borrowed and the monies to be borrowed (apart from temporary loans obtained from Company’s bankers in the ordinary course of business) may exceed the paid-up share capital, free reserves and securities premium of the Company, provided that the total principal amount up to which such monies may be raised or borrowed by the Company shall not at any time exceed the aggregate of the paid up share capital, free reserves and securities premium of the Company by more than Rs. 500 Crores or the fixed limit of Rs. 1,000 Crores, whichever is higher.MoreLess
    Against Axis Mutual Fund, HDFC Mutual Fund, Mirae Asset Mutual Fund
    • Axis Mutual FundThe standalone debt stood at Rs. 11.0 bn and consolidated debt at Rs. 11.6 bn as on 31 March 2025. The company has utilized non – fund-based limits of Rs. 0.8 bn, we expect the company to clarify whether non-fund-based limits are also considered in the borrowing limit. The company’s debt programs as on 27 December 2024 are rated CARE AA-/Stable/CARE A1+ which denotes high degree of safety (for long-term debt) and very strong degree of safety (for short-term debt) regarding timely servicing of financial obligations. We note that the company has adequate headroom under the current limits. Further, we do not favour rolling limits linked to net worth and recommend that companies seek shareholder approval for a fixed borrowing limit. We believe that the company should have provided granular details regarding the reason for such a significant increase in limits and whether non-fund-based limits are also included within the borrowing limit. This will enable shareholders to make an informed decision. In absence of any clarity on the reason for such a significant increase in limits and the rolling nature of the limits, we are unable to support the resolution.
    • HDFC Mutual FundWe do not support rolling limits linked to networth. We do not support the resolution.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    10 for3 against
  • To mortgage, hypothecate, pledge and / or charge all or any of the movable and / or immovable properties of the Company (both present and future) and /or any other assets including tangible and intangible assets or properties of the Company and / or the whole or part of any of the undertaking of the Company together with or without the power to take over the management of the business or any undertaking of the Company in case of events of defaults, in favour of any banks, financial institutions, or any other lender(s), agent(s) or Trustee(s), for securing the borrowing availed or to be availed by the Company, by way of loans in Indian rupees or foreign currency, from time to time, up to the borrowing limits approved or as may be approved by the members, from time to time, under Section 180(1)(c) of the Companies Act, 2013 (including any statutory modification or re-enactment thereof) along with interest, additional interest, accumulated interest, liquidated charges, commitment charges or costs, expenses and all other monies payable by the Company in respect of such borrowings.MoreLess
    13 for0 against

Mutual fund votes, meeting of 20 Sep 2024, 13 fund houses

  • To consider and approve the appointment of Mr. Seshashayee Sampathiyengar Sridhara (akanMittu Sridhara) (DIN: 09247644) as Non-Executive Independent Director of the Company
    13 for0 against
  • To consider and approve the appointment of Mr. Rajiv Indravadan Shah (DIN: 06752608) asnDirector of the Company, liable to retire by rotation
    13 for0 against
  • To consider and approve the appointment of Mr. Rajiv Indravadan Shah (DIN: 06752608) asnWhole-time Director of the Company designated as Executive Director.
    Against Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, PGIM India Mutual Fund
    • Aditya Birla Sun Life Mutual Fund, Axis Mutual FundRajiv Indravadan Shah, 64 is President and CEO of Generative AI Business Services (GBS) business unit of the company and an Executive Board member. The company seeks to appoint him as Whole – Time Director for five years from 5 August 2024. His annual remuneration is USD 443,310 (Rs. 37.2 mn), excluding stock options. He is eligible for ESOPs, however there is no clarity on the quantum in the event of a grant. Given the lack of clarity, we are unable to make a reasonable estimate of his overall proposed executive remuneration. Although we support Rajiv Shah’s board appointment, in the absence of any meaningful disclosures on his proposed remuneration, we are unable to support the resolution. We expect the company to disclose granular details about the components of remuneration, including the mix of fixed and variable pay and the quantum of stock options proposed to be granted over the tenure.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, PGIM India Mutual FundNo concern on profile of the proposed appointee. Appointment non-compliant with law: Part I of the Schedule V since the Central Government approval has not obtained.
    • Edelweiss Mutual FundCentral govt approval hasn’t been taken for the same
    5 for8 against

Mutual fund votes, meeting of 28 Jun 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 the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024 together with the Reports of Board of Directors and the Auditors thereon.MoreLess
    13 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024 together with the Report of the Auditors thereon.
    13 for0 against
  • To declare a final dividend of Rs.3.25 per share on equity shares for the financial year ended March 31, 2024.
    13 for0 against
  • To appoint a Director in place of Mr. Venkatraman Narayanan (DIN: 01856347) who retires by rotation and, being eligible, offers himself for re-appointment
    13 for0 against
  • To re-appoint Mr. Ashok Soota (having DIN No. 00145962), who has already attained the age of 70 years, as Whole-time Director, designated as Executive Chairman for a further period of five (5) years from April 1, 2024 to March 31, 2029 at the existing terms and conditionsMoreLess
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, PGIM India Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual FundNon-Compliant with SEBI LODR Regulations: Prior shareholder approval not obtained for continuation beyond 70 years.. Governance Concern: Concentration of power in the hands of a single person.
    • Nippon India Mutual FundDelayed Shareholder approval
    8 for5 against
  • To approve enhancement of Loans/Investments limit under Section 186 of the Act to Rs. 2500,00,00,000/- (Rupees Two Thousand Five Hundred Crores only) over and above the limits prescribed under the Companies Act, 2013MoreLess
    Against Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, PGIM India Mutual Fund
    • Aditya Birla Sun Life Mutual FundAs per the company’s balance sheet as on 31 March 2024, the current maximum limit available to provide loans/guarantees/make investments is Rs 14.4 bn. As on 31 March 2024, the current utilization of the limit is Rs. 13.1 bn, which is ~91% of the total maximum limit. The company has disclosed that it has long-term business plans which may require making loans/investments, acquisitions or issuing guarantees/securities. Accordingly, the company proposes to increase the limit to Rs. 25.0 bn over and above the statutory limit. We understand that the company has limited headroom under the current limits, we do not favour rolling limits linked to net worth and recommend that companies seek approval for a fixed intercorporate transaction limit. The company must disclose granular details of its business plan justifying the need for a higher limit. This will enable shareholders to make an informed decision. The company must also clarify whether loans/guarantees given, and investments made will be to promoter owned/ controlled companies.
    • Axis Mutual FundAs per the company's balance sheet as on 31 March 2024, the current maximum limit available to provide loans/guarantees/make investments is Rs 14.4 bn. As on 31 March 2024, the current utilization of the limit is Rs. 13.1 bn, which is ~91% of the total maximum limit. The company has disclosed that it has long-term business plans which may require making loans/investments, acquisitions or issuing guarantees/securities. Accordingly, the company proposes to increase the limit to Rs. 25.0 bn over and above the statutory limit. We understand that the company has limited headroom under the current limits, we do not favour rolling limits linked to net worth and recommend that companies seek approval for a fixed intercorporate transaction limit. The company must disclose granular details of its business plan justifying the need for a higher limit. This will enable shareholders to make an informed decision. The company must also clarify whether loans/guarantees given, and investments made will be to promoter owned/ controlled companies.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual FundCompliant with law. Governance Concern: Omnibus approval; Inadequate disclosure.
    • HDFC Mutual FundGiven these are rolling limits linked to networth, shareholders will not get a chance to periodic review th e borrowing limits
    • Kotak Mahindra Mutual FundThe Company is neither a Core Investment Company (CIC) nor NBFC, therefore, granting of loan, providing guarantee and making investments is not in ordinary course of business of the Company. Moreover there is lack of clarity on specific plans of how the Company will utilise the increased limit. Although, the resolution is enabling in nature, however, seeking authorisation without disclosing any information regarding the loans/ investments is a governance concern. Hence voting against.
    • Nippon India Mutual FundInadequate Disclosure
    3 for9 against
7 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
    Against Taurus Mutual Fund
    • Taurus Mutual FundAs per the company’s balance sheet as on 31 March 2024, the current maximum limit available to provide loans/guarantees/make investments is Rs 14.4 bn. As on 31 March 2024, the current utilization of the limit is Rs. 13.1 bn, which is ~91% of the total maximum limit. The company has disclosed that it has long-term business plans which may require making loans/investments, acquisitions or issuing guarantees/securities. Accordingly, the company proposes to increase the limit to Rs. 25.0 bn over and above the statutory limit. We understand that the company has limited headroom under the current limits, we do not favour rolling limits linked to net worth and recommend that companies seek approval for a fixed intercorporate transaction limit. The company must disclose granular details of its business plan justifying the need for a higher limit. This will enable shareholders to make an informed decision. The company must also clarify whether loans/guarantees given, and investments made will be to promoter owned/ controlled companies.
    0 for1 against
  • To approve, amendment or re-enactment thereof, for the time being in force) and Articles of Association of the Company.
    1 for0 against

Mutual fund votes, meeting of 17 Jul 2023, 13 fund houses

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

  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023, together with the Reports of Board of Directors and the Auditors thereon. To consider and if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT the audited standalone Financial Statements of the Company for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and Auditors thereon, as circulated to the members, be and are hereby received, approved and adopted.MoreLess
    13 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023, together with the Report of the Auditors thereon. To consider and if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT the audited consolidated Financial Statements of the Company for the financial year ended March 31, 2023, together with the Report of the Auditors thereon, as circulated to the members, be and are hereby received, approved and adopted.MoreLess
    12 for0 against
  • To declare final dividend on equity shares for the financial year ended March 31, 2023. To consider and if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT a final dividend @ Rs 3.40 /- per equity share (@170% on par value of Rs.2/- each), for the financial year ended March 31, 2023 be paid on equity shares of the Company to those members whose names appear on the Register of Members of the Company as on July 7, 2023 and in respect of shares held in electronic form, to the beneficial owners of the shares as on July 7, 2023 as per details furnished by the Depositories for this purpose.MoreLess
    13 for0 against
  • To appoint a Director in place of Mr. Joseph Vinod Anantharaju (DIN 08859640) who retires by rotation and, being eligible, offers himself for re-appointment. To consider and if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT Mr. Joseph Vinod Anantharaju (holding DIN 08859640), who retires by rotation as Director at this Meeting pursuant to the provisions of Section 152 of the Companies Act, 2013 and being eligible has offered himself for re-appointment, be and is hereby re-appointed as a Director of the Company, liable to retire by rotation.MoreLess
    13 for0 against
1 proposal not matched to one resolution
  • Accept Consolidated Financial Statements and Statutory Reports
    1 for0 against

Mutual fund votes, meeting of 10 Nov 2022, 8 fund houses

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

  • To consider and approve raising funds through Qualified Institutional Placement(QIP)n and/or any other permissible modes
    5 for0 against
2 proposals not matched to one resolution
  • 1) To issue equity or equity linked securities for an amount not exceeding Rs. 14.0 bn.
    1 for0 against
  • To issue equity or equity linked securities for an amount not exceeding Rs. 14.0 bn
    2 for0 against

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

Investor complaints and compliance

Quarter by quarter.

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

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
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.

How money raised was used

Reported for the quarter to Mar 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.

RaisedAmount raisedForSet asideSpentSpent elsewhere
QIPJul 2023, checked by CARE Ratings Limited5.00––No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.