Heranba Industries logo

Heranba Industries MD, chairman, board of directors and AGM

NSE: HERANBABSE: 543266Fertilizers & AgrochemicalsSmall Cap

Last close ₹147.26down ₹4.79 (3.15%)BSE ₹147.45

Share price at the NSE close on 23 Oct 2026. Previous close ₹152.05.

52-week range of traded prices to 23 Oct 2026
₹145.00Low, 23 Oct 2026₹315.00High, 24 Oct 2025
Market cap
₹589 Cr1,595th largest listed
P/E
Lossover the last 12 months
P/B
0.8
Dividend yield
Nonein the last 12 months
ROE
−9.4%
ROCE
−0.9%
Debt to equity
0.74
Volume, NSE
50,87454.7% delivered

Heranba 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

  • ChairpersonSADASHIV KANYANA SHETTY
  • Managing directorRAGHURAM KANYAN SHETTY
  • Company Secretary and Compliance OfficerABDUL LATIF

10 directors5 independent5 executive

  • SADASHIV KANYANA SHETTY · ChairpersonExecutive · joined Nov 2018 · reappointed Nov 2023 · 2 listed boards
  • RAGHURAM KANYAN SHETTY · Managing directorExecutive · joined Nov 2018 · reappointed Nov 2023 · 2 listed boards · 3 committee seats
  • RAUNAK RAGHURAM SHETTYExecutive · joined Apr 2019 · reappointed Apr 2024 · 1 listed board
  • SHRIRAJ SADASHIV SHETTYExecutive · joined Nov 2021 · reappointed Nov 2021 · 1 listed board
  • ROSHAN RAGHURAM SHETTYExecutive · joined Apr 2026 · 2 listed boards
  • MULKY VISHWANATHA SHETTYIndependent · joined Jul 2018 · reappointed Jul 2023 · 95 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • ANILKUMAR MOHANRAJ MARLECHAIndependent · joined Aug 2018 · reappointed Aug 2023 · 94 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 2 as chair
  • GANESH NARAYAN VANMALIIndependent · joined Aug 2018 · reappointed Aug 2023 · 94 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • RESHMA DAGDU WADKARIndependent · joined Nov 2021 · reappointed Nov 2021 · 55 months as independent · 3 listed boards · 3 as independent · 3 committee seats, 1 as chair
  • OMPRAKASH SINGHIndependent · joined Apr 2026 · 3 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 2 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.

Committees and meetings

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

  • Board

    • 28 May 202610 of 10 present5 independent · 30 days in between
    • 27 Apr 202610 of 10 present5 independent · 26 days in between
    • 31 Mar 20268 of 8 present4 independent · 47 days in between
    • 11 Feb 20268 of 8 present4 independent

  • Audit Committee

    Chair GANESH NARAYAN VANMALI

    MULKY VISHWANATHA SHETTY, RESHMA DAGDU WADKAR

    • 28 May 20263 of 3 present3 independent · 30 days in between
    • 27 Apr 20263 of 3 present3 independent · 74 days in between
    • 11 Feb 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair GANESH NARAYAN VANMALI

    MULKY VISHWANATHA SHETTY, ANILKUMAR MOHANRAJ MARLECHA

    • 28 Mar 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair ANILKUMAR MOHANRAJ MARLECHA

    GANESH NARAYAN VANMALI, RAGHURAM KANYAN SHETTY

    • 31 Mar 20263 of 3 present2 independent · 2 days in between

  • Risk Management Committee

    Chair SADASHIV KANYANA SHETTY

    RAGHURAM KANYAN SHETTY, RAUNAK RAGHURAM SHETTY, GANESH NARAYAN VANMALI

    • 12 Jan 20264 of 4 present1 independent

  • Corporate Social Responsibility Committee

    Chair MULKY VISHWANATHA SHETTY

    SADASHIV KANYANA SHETTY, GANESH NARAYAN VANMALI

    • 28 Mar 20263 of 3 present2 independent · 74 days in between

  • Independent Director Meeting

    • 28 Mar 20264 of 4 present4 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.

  • N V C & Associates LLPPeer-review certificate valid to Jul 2027
1 earlier auditor
  • Natvarlal Vepari & Co LLPNamed in the filing for the quarter to Mar 2025

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

Heranba 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.Heranba Industries dividend history

Annual general meeting, 28 Sep 2026

66,652 shareholders on the register on 21 Sep 2026; present: 11 promoters and 64 others; votes counted by Nirmal Gupta / GMJ & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements (Standalone and Consolidated) along with Reports of Board and Auditors for the Financial Year ended in March 31, 2026.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.96% · promoters 100.00% · institutions 6.76% · other public 4.04%

  2. Appointment of a director in place of Mr. Sadashiv K Shetty (DIN: 00038681).
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.96% · promoters 100.00% · institutions 6.76% · other public 4.04%

  3. Appointment of a director in place of Mr. Raghuram K Shetty (DIN: 00038703).
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.96% · promoters 100.00% · institutions 6.76% · other public 4.04%

  4. Ratification of the remuneration payable to the Cost Auditors of the Company for the Financial Year 2026-27.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 75.96% · promoters 100.00% · institutions 6.76% · other public 4.04%

  5. Re-appointment of Ms. Reshma D Wadkar (DIN: 09394615) as a Non-Executive Independent Woman Director of the Company for a second term of five consecutive years.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 75.96% · promoters 100.00% · institutions 6.76% · other public 4.04%

  6. Re-appointment of Mr. Shriraj S. Shetty (DIN 06609014) as a whole time director designated as Executive Director of the Company:
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 75.96% · promoters 100.00% · institutions 6.76% · other public 4.04%

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

Postal ballot, 21 May 2026, 2 resolutions

68,202 shareholders on the register on 17 Apr 2026; votes counted by Prabhat Maheshwari / GMJ & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Omprakash Singh (DIN: 02103500) as a Non-Executive Independent Director of the company for the first term of five consecutive years.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.50%

    Turnout: all 75.24% · promoters 100.00% · institutions 2.16% · other public 1.18%

  2. Appointment of Mr. Roshan R Shetty (DIN: 08006518) as a Director vis a vis Whole Time Director designated as Executive Director of the company.
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.57%

    Turnout: all 75.24% · promoters 100.00% · institutions 2.16% · other public 1.18%

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.

Annual general meeting, 24 Sep 2025, 9 resolutions

71,935 shareholders on the register on 17 Sep 2025; present: 11 promoters and 56 others; votes counted by Nirmal Gupta / GMJ & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements (Standalone and Consolidated) along with Reports of Board and Auditors for the Financial Year ended in March 31, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.37%

    Turnout: all 75.68% · promoters 100.00% · institutions 0.00% · other public 3.00%

  2. Confirmation and Declaration of final Dividend for the financial year ended March 31, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.38%

    Turnout: all 75.68% · promoters 100.00% · institutions 0.00% · other public 3.00%

  3. Appointment of a director in place of Shri Raunak R Shetty (DIN: 08006529)
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.37%

    Turnout: all 75.68% · promoters 100.00% · institutions 0.00% · other public 3.00%

  4. Appointment of a director in place of Shri Shriraj S Shetty (DIN: 06609014)
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.37%

    Turnout: all 75.68% · promoters 100.00% · institutions 0.00% · other public 3.00%

  5. Ratification of the remuneration payable to the Cost Auditors of the Company for the Financial Year 2025-26
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.37%

    Turnout: all 75.68% · promoters 100.00% · institutions 0.00% · other public 3.00%

  6. Appointment of the Secretarial Auditor of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.37%

    Turnout: all 75.68% · promoters 100.00% · institutions 0.00% · other public 3.00%

  7. Approval of the limits for the loans and investment under section 186 of the Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.37%

    Turnout: all 75.68% · promoters 100.00% · institutions 0.00% · other public 3.00%

  8. Approval of advancing/providing the loans, guarantee, or security under section 185 of the companies act, 2013
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.39%

    Turnout: all 75.68% · promoters 100.00% · institutions 0.00% · other public 3.00%

  9. Approval of material related party transactions
    OrdinaryPromoters have an interest in it
    99.61% for0.39% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.39%

    Turnout: all 0.74% · promoters 0.00% · institutions 0.00% · other public 3.00%

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, 12 Sep 2024, 7 resolutions

Present: 7 promoters and 54 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and Consolidated financial statements, namely (i) the Audited Balance Sheet as at March 31, 2024, (ii) the Audited Profit and Loss Account for the financial year ended March 31, 2024, (iii) the Audited Cash Flow Statement for the financial year ended March 31, 2024, (iv) Statement of Changes in Equity as on March 31, 2024, (v) Notes annexed to, or forming part of, the documents referred to in (i) to (iv) above and the reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.96% · promoters 100.00% · institutions 0.00% · other public 0.06%

  2. To confirm and declare a final dividend @ ¿ 1.25 (Rupees One and Paise Twenty Five) per equity share of the face value of ¿ 10.00 (Rupees Ten) each (i.e. 12.5% of the face value) for the financial year ended March 31, 2024.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.96% · promoters 100.00% · institutions 0.00% · other public 0.06%

  3. To appoint a director in place of Shri Sadashiv K. Shetty (DIN: 00038681), Whole-Time Director designated as Executive Chairman retired by rotation being eligible for the re-appointment, offers himself for re-appointment.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 74.96% · promoters 100.00% · institutions 0.00% · other public 0.06%

  4. To appoint a director in place of Shri Raghuram K. Shetty (DIN: 00038703), Managing Director retired by rotation being eligible for the re-appointment, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 74.96% · promoters 100.00% · institutions 0.00% · other public 0.05%

  5. Approval for increase in overall borrowing limits of the Company as per Section 180 (1) (c) of the Companies Act, 2013.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.75%

    Turnout: all 74.96% · promoters 100.00% · institutions 0.00% · other public 0.06%

  6. Creation of security on the properties of the Company, both present and future, in favour of lenders.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.19%

    Turnout: all 74.96% · promoters 100.00% · institutions 0.00% · other public 0.05%

  7. Ratification of the remuneration payable to the Cost Auditors of the Company for the Financial Year 2023-24 and 2024-25.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.96% · promoters 100.00% · institutions 0.00% · other public 0.06%

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, 24 Aug 2023, 10 resolutions

Present: 7 promoters and 44 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2023 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 0.25%

    Turnout: all 75.08% · promoters 100.00% · institutions 5.57% · other public 0.51%

  2. To confirm and further declare a final dividend @ Rs. 1.25 (Rupee one and Paise Twenty Five) per equity share of the face value of Rs. 10.00 (Rupees Ten) each (i.e. 12.5% of the face value) for the financial year ended March 31, 2023.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.30%

    Turnout: all 75.08% · promoters 100.00% · institutions 5.57% · other public 0.51%

  3. To appoint a director in place of Shri Shriraj S Shetty (DIN: 06609014) whole time director retire by rotation being eligible for the re-appointment, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 100.00% · other public 2.22%

    Turnout: all 75.08% · promoters 100.00% · institutions 5.57% · other public 0.51%

  4. Re-appointment of Shri Sadashiv K Shetty (DIN: 00038681) as a Whole Time Director designated as Executive Chairman of the company
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 100.00% · other public 2.29%

    Turnout: all 75.08% · promoters 100.00% · institutions 5.57% · other public 0.51%

  5. Re-appointment of Shri Raghuram K Shetty (DIN: 00038703) as a Managing Director of the company
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 100.00% · other public 2.29%

    Turnout: all 75.08% · promoters 100.00% · institutions 5.57% · other public 0.51%

  6. Re-appointment of Shri Raunak R Shetty (DIN: 08006529) as a Whole Time Director designated as Executive Chairman of the company
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 100.00% · other public 2.29%

    Turnout: all 75.08% · promoters 100.00% · institutions 5.57% · other public 0.51%

  7. Re-appointment of Mr. Mulky V Shetty (DIN: 08168960) as a Non-Executive Independent Director of the company for a second term of five consecutive years
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 100.00% · other public 2.14%

    Turnout: all 75.08% · promoters 100.00% · institutions 5.57% · other public 0.51%

  8. Re-appointment of Mr. Anilkumar M Marlecha (DIN: 08193193) as a Non-Executive Independent Director of the company for a second term of five consecutive years
    Special
    100.00% for0.00% against

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

    Turnout: all 75.08% · promoters 100.00% · institutions 5.57% · other public 0.51%

  9. Re-appointment of Mr.Ganesh N Vanmali (DIN: 07833853) as a Non-Executive Independent Director of the company for a second term of five consecutive years
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 100.00% · other public 2.00%

    Turnout: all 75.08% · promoters 100.00% · institutions 5.57% · other public 0.51%

  10. Ratification of remuneration payable to the Cost Auditor of the company for the Financial year ending March 31, 2024.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.08% · promoters 100.00% · institutions 5.57% · other public 0.51%

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, 27 Jul 2022, 9 resolutions

Present: 7 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 on March 31, 2022 together with the Reports of Auditors and Directors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.12%

    Turnout: all 77.80% · promoters 100.00% · institutions 75.30% · other public 0.22%

  2. To confirm and further declare a dividend @ ₹ 2/- per shares (i.e. 20 % of Face Value of ₹ 10) on Equity Shares of the Company for the financial year ended March 31, 2022
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.15%

    Turnout: all 77.80% · promoters 100.00% · institutions 75.30% · other public 0.21%

  3. To appoint a director in place of Mr. Sadashiv K Shetty, Chairman & Executive Director (DIN: 00038681), retired by rotation being eligible for the re-appointment, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 77.80% · promoters 100.00% · institutions 75.30% · other public 0.21%

  4. To appoint a director in place of Mrs. Sujata S Shetty, Executive Director (DIN: 00632563), retired by rotation being eligible for the re-appointment, offers herself for re-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.05%

    Turnout: all 77.80% · promoters 100.00% · institutions 75.30% · other public 0.21%

  5. Appointment of the Statutory Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.94%

    Turnout: all 77.80% · promoters 100.00% · institutions 75.30% · other public 0.22%

  6. Appointment of Mr. Shriraj S Shetty (DIN06609014) as a Whole Time Director designated as Executive Director of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.49%

    Turnout: all 77.80% · promoters 100.00% · institutions 75.30% · other public 0.21%

  7. Appointment of Ms. Reshma D Wadkar (DIN: 09394615) as an Independent Woman Director of the company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.51%

    Turnout: all 77.80% · promoters 100.00% · institutions 75.30% · other public 0.21%

  8. Ratification of the remuneration payable to the Cost Auditors of the Company for the Financial Year ending March 31, 2023
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.27%

    Turnout: all 77.80% · promoters 100.00% · institutions 75.30% · other public 0.21%

  9. Place of keeping and inspection of the Registers and Annual Returns of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.12%

    Turnout: all 77.80% · promoters 100.00% · institutions 75.30% · other public 0.21%

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, 14 Sep 2021, 6 resolutions

Present: 9 promoters and 40 others.The company's voting result (opens in a new tab)

  1. To receive, consider and approve the Audited Financial Statements of the company for the Financial Year ended on March 31, 2021 together with the Reports of Auditors and Directors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.77% · promoters 100.00% · institutions 74.02% · other public 1.39%

  2. To confirm and further declare a dividend @ Rs. 0.70/- per shares (i.e. 7% of Face Value of Rs. 10) on Equity Shares of the Company for the financial year ended March 31, 2021 and in this regards
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.77% · promoters 100.00% · institutions 74.02% · other public 1.39%

  3. To appoint a Director in place of Mr.Raghuram K Shetty [DIN: 00038703], Managing Director of the Company, who retires by rotation and being eligible, offers himself for reappointment
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 77.77% · promoters 100.00% · institutions 74.02% · other public 1.39%

  4. To appoint a Director in place of Mrs. Vanita R Shetty [DIN: 02493401], Whole Time Director of the Company, who retires by rotation and being eligible, offers herself for reappointment
    OrdinaryPromoters have an interest in it
    99.15% for0.85% against

    Against: promoters 0.00% · institutions 19.99% · other public 0.19%

    Turnout: all 77.77% · promoters 100.00% · institutions 74.02% · other public 1.39%

  5. To increase the annual remuneration payable to Whole Time Director Mr. Raunak R Shetty [DIN:08006529]
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 77.77% · promoters 100.00% · institutions 74.02% · other public 1.39%

  6. To ratify the remuneration payable to the Cost Auditors of the Company for the financial year ending March 31, 2022
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.46%

    Turnout: all 77.77% · promoters 100.00% · institutions 74.02% · other public 1.39%

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.

Mutual fund votes, meeting of 24 Aug 2023, 1 fund house

  • To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2023 together with the Reports of Board of Directors and the Auditors thereon.MoreLess
    1 for0 against
  • To confirm and further declare a final dividend @ Rs. 1.25 (Rupee one and Paise Twenty Five) per equity share of the face value of Rs. 10.00 (Rupees Ten) each (i.e. 12.5% of the face value) for the financial year ended March 31, 2023.MoreLess
    1 for0 against
  • To appoint a director in place of Shri Shriraj S Shetty (DIN: 06609014) whole time director retire by rotation being eligible for the re-appointment, offers himself for re-appointment.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundHolding 2 Fulltime positions.
    0 for1 against
  • Re-appointment of Shri Sadashiv K Shetty (DIN: 00038681) as a Whole Time Director designated as Executive Chairman of the company
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundHolding 2 Fulltime positions & Remuneration not in compliance with Companies Act and SEBI SBEB Reg. | Executive Chairman.
    0 for1 against
  • Re-appointment of Shri Raghuram K Shetty (DIN: 00038703) as a Managing Director of the company
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundRemuneration not in compliance with Companies Act and SEBI SBEB Reg. | Skewed Remuneration
    0 for1 against
  • Re-appointment of Shri Raunak R Shetty (DIN: 08006529) as a Whole Time Director designated as Executive Chairman of the company
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundRemuneration not in compliance with Companies Act and SEBI SBEB Reg
    0 for1 against
  • Re-appointment of Mr. Mulky V Shetty (DIN: 08168960) as a Non-Executive Independent Director of the company for a second term of five consecutive years
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundReappointment not in compliance with law.
    0 for1 against
  • Re-appointment of Mr. Anilkumar M Marlecha (DIN: 08193193) as a Non-Executive Independent Director of the company for a second term of five consecutive years
    1 for0 against
  • Re-appointment of Mr.Ganesh N Vanmali (DIN: 07833853) as a Non-Executive Independent Director of the company for a second term of five consecutive years
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundHolding Chairmanship of both AC & NRC.
    0 for1 against
  • Ratification of remuneration payable to the Cost Auditor of the company for the Financial year ending March 31, 2024.
    1 for0 against

Mutual fund votes, meeting of 27 Jul 2022, 1 fund house

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 on March 31, 2022 together with the Reports of Auditors and Directors thereon
    1 for0 against
  • To confirm and further declare a dividend @ ₹ 2/- per shares (i.e. 20 % of Face Value of ₹ 10) on Equity Shares of the Company for the financial year ended March 31, 2022
    1 for0 against
  • To appoint a director in place of Mr. Sadashiv K Shetty, Chairman & Executive Director (DIN: 00038681), retired by rotation being eligible for the re-appointment, offers himself for re-appointment
    1 for0 against
  • To appoint a director in place of Mrs. Sujata S Shetty, Executive Director (DIN: 00632563), retired by rotation being eligible for the re-appointment, offers herself for re-appointment.
    1 for0 against
  • Appointment of Mr. Shriraj S Shetty (DIN06609014) as a Whole Time Director designated as Executive Director of the Company
    1 for0 against
  • Appointment of Ms. Reshma D Wadkar (DIN: 09394615) as an Independent Woman Director of the company
    1 for0 against
  • Place of keeping and inspection of the Registers and Annual Returns of the Company.
    1 for0 against
2 proposals not matched to one resolution
  • Appointment of Messrs. Natvarlal Vepari & Co., Chartered Accountants (Registration No. 106971W), as the Auditors of the Company from the conclusion of this Meeting to hold such office for a period of five years.MoreLess
    1 for0 against
  • Ratification of the remuneration of Rs. 1,50,000/- (Rs. One Lakh Fifty Thousand only) to M/s Paresh Jaysih Sampat, Cost Accountant, Mumbai (Registration No. 102421) as Cost Auditors of the Company for FY23.MoreLess
    1 for0 against
1 earlier meeting

Mutual fund votes, meeting of 14 Sep 2021, 1 fund house

  • To receive, consider and approve the Audited Financial Statements of the company for the Financial Year ended on March 31, 2021 together with the Reports of Auditors and Directors thereon
    1 for0 against
  • To confirm and further declare a dividend @ Rs. 0.70/- per shares (i.e. 7% of Face Value of Rs. 10) on Equity Shares of the Company for the financial year ended March 31, 2021 and in this regards
    1 for0 against
  • To appoint a Director in place of Mr.Raghuram K Shetty [DIN: 00038703], Managing Director of the Company, who retires by rotation and being eligible, offers himself for reappointment
    1 for0 against
  • To appoint a Director in place of Mrs. Vanita R Shetty [DIN: 02493401], Whole Time Director of the Company, who retires by rotation and being eligible, offers herself for reappointment
    1 for0 against
  • To increase the annual remuneration payable to Whole Time Director Mr. Raunak R Shetty [DIN:08006529]
    1 for0 against
  • To ratify the remuneration payable to the Cost Auditors of the Company for the financial year ending March 31, 2022
    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 disputeExcise and Custom DepartmentSince 14 Feb 2018
    Pending with Division Officer
  • Tax disputeExcise and Custom DepartmentSince 20 Oct 2020
    Writ Petition is filed with Bombay High Court
  • Tax disputeGoods & Services Tax DepartmentSince 21 Aug 2023
    Pending with Commissioner ( Appeal)
  • Tax disputeGoods & Services Tax DepartmentSince 30 Dec 2023
    Appeal Is pending
  • Tax disputeGoods & Services Tax DepartmentSince 27 Dec 2023
    Appeal Is pending
  • Tax disputeGoods & Services Tax DepartmentSince 29 Oct 2024
    Pending with SGST Enforcement Department
  • Tax disputeVAT, UPSince 3 Jul 2019
    Pending with Add Comm ( Appeal)
  • Tax disputeVAT, UPSince 30 Jul 2019
    Pending with Add Comm ( Appeal)
7 more
  • Tax disputeIncome Tax Department, MumbaiSince 15 Mar 2023
    Pending with CIT ( Appeal)
  • Tax disputeIncome Tax Department, MumbaiSince 23 Mar 2023
    Pending with CIT ( Appeal)
  • Tax disputeIncome Tax Department, MumbaiSince 27 Mar 2023
    Pending with CIT ( Appeal)
  • Tax disputeIncome Tax Department, MumbaiSince 6 Apr 2023
    Pending with CIT ( Appeal)
  • Tax disputeIncome Tax Department, MumbaiSince 3 May 2024
    Notice under 143(1)
  • Tax disputeIncome Tax Department, MumbaiSince 23 Mar 2024
    Online Rectification Application is filed
  • Tax disputeGoods & Services Tax DepartmentSince 8 Oct 2025
    Appeal is filed, against the SCN issued by the Assistant Commissioner, SGST Department for FY 2020-2021 in case of Modern Security, Varsha Minerals, Gift Vision etc. Under Section 74

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
No
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.