Himatsingka Seide logo

Himatsingka Seide MD, chairman, board of directors and AGM

NSE: HIMATSEIDEBSE: 514043Textiles & ApparelsSmall Cap

Last close ₹53.40down ₹2.05 (3.70%)BSE ₹53.46

Share price at the NSE close on 23 Oct 2026. Previous close ₹55.45.

52-week range of traded prices to 23 Oct 2026
₹52.21Low, 23 Oct 2026₹129.49High, 20 Nov 2025
Market cap
₹671 Cr1,406th largest listed
P/E
12.0
P/B
0.3
Dividend yield
0.47%
ROE
2.7%
ROCE
3.7%
Debt to equity
1.22
Volume, NSE
4,61,16348.2% delivered

Himatsingka Seide 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

  • ChairpersonDinesh Kumar HimatsingkaRelated to the promoter
  • Managing directorShrikant Himatsingka
  • Company Secretary and Compliance OfficerBindu D.

6 directors3 independent2 executive1 non-executive

  • Dinesh Kumar Himatsingka · ChairpersonExecutive · joined Jan 1985 · reappointed Jun 2023 · 1 listed board
  • Shrikant Himatsingka · Managing directorExecutive · joined Jun 2003 · reappointed Jun 2023 · 1 listed board · 2 committee seats
  • Harminder SahniIndependent · joined Nov 2022 · reappointed Nov 2022 · 43 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Sandhya VasudevanIndependent · joined Nov 2022 · reappointed Nov 2022 · 43 months as independent · 2 listed boards · 2 as independent · 5 committee seats, 2 as chair
  • Ravi KumarIndependent · joined Jan 2024 · reappointed Jan 2024 · 29 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 2 as chair
  • Manish Krishnarao JoshiNominee, non-executive · joined Feb 2024 · reappointed Feb 2024 · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • Shyam Powar, left 24 Jan 2025: Others
  • S Shanmugasundaram, left 14 Dec 2024: Tenure Completion

Committees and meetings

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

  • Board

    • 27 May 20266 of 6 present3 independent · 29 days in between
    • 27 Apr 20266 of 6 present3 independent · 74 days in between
    • 11 Feb 20266 of 6 present3 independent

  • Audit Committee

    Chair Harminder Sahni

    Shrikant Himatsingka, Sandhya Vasudevan, Ravi Kumar

    • 27 May 20264 of 4 present3 independent · 104 days in between
    • 11 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Harminder Sahni

    Dinesh Kumar Himatsingka, Sandhya Vasudevan, Ravi Kumar

    • 27 May 20264 of 4 present3 independent · 29 days in between
    • 27 Apr 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Sandhya Vasudevan

    Shrikant Himatsingka, Ravi Kumar

    • 27 May 20263 of 3 present2 independent

  • Risk Management Committee

    Chair Shrikant Himatsingka

    Sandhya Vasudevan, M. Sankaranarayanan, Harminder Sahni

    • 16 Feb 20262 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair Shrikant Himatsingka

    Dinesh Kumar Himatsingka, Sandhya Vasudevan

    • 27 May 20263 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • MSKA & Associates LLPPeer-review certificate valid to Jul 2027
1 earlier auditor
  • MSKA & AssociatesNamed 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.

Himatsingka Seide 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.Himatsingka Seide dividend history

Annual general meeting, 24 Sep 2026

68,251 shareholders on the register on 17 Sep 2026; present: 10 promoters and 31 others; votes counted by Vinod Sunder Raman / Megha M Vinod & Co. LLP.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 board’s report and report of auditors' thereon.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.56%

    Turnout: all 44.06% · promoters 99.99% · institutions 90.49% · other public 0.91%

  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 auditors' thereon.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.56%

    Turnout: all 44.06% · promoters 99.99% · institutions 90.49% · other public 0.91%

  3. To declare a final dividend of ₹0.25/- (5%) per equity share of face value of ₹5/- each for the financial year ended March 31, 2026.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.56%

    Turnout: all 44.08% · promoters 99.99% · institutions 90.74% · other public 0.91%

  4. To re-appoint Mr. Dinesh Kumar Himatsingka (DIN:00139516) who retires by rotation.
    SpecialPromoters have an interest in it
    99.50% for0.50% against

    Against: promoters 0.00% · institutions 3.46% · other public 2.33%

    Turnout: all 44.08% · promoters 99.99% · institutions 90.74% · other public 0.91%

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

Postal ballot, 29 May 2026, 3 resolutions

67,003 shareholders on the register on 24 Apr 2026; votes counted by Vinod Sunder Raman / Megha M Vinod & Co. LLP.The company's voting result (opens in a new tab)

  1. Approved Remuneration payable to Mr. Dinesh Kumar Himatsingka, Executive Chairman, (DIN:00139516), for the remaining tenure of two years ending May 31, 2028
    SpecialPromoters have an interest in it
    98.36% for1.64% against

    Against: promoters 0.00% · institutions 4.37% · other public 56.63%

    Turnout: all 48.12% · promoters 99.99% · institutions 68.55% · other public 1.25%

  2. Approved Remuneration payable to Mr. Shrikant Himatsingka, Executive Vice Chairman & Managing Director, (DIN: 00122103), for the remaining tenure of two years ending May 31, 2028
    SpecialPromoters have an interest in it
    98.36% for1.64% against

    Against: promoters 0.00% · institutions 4.37% · other public 56.63%

    Turnout: all 48.12% · promoters 99.99% · institutions 68.55% · other public 1.25%

  3. APPROVED & ADOPTED AMENDED AND RESTATED ARTICLES OF ASSOCIATION OF THE COMPANY
    Special
    99.30% for0.70% against

    Against: promoters 0.00% · institutions 0.00% · other public 56.31%

    Turnout: all 48.12% · promoters 99.99% · institutions 68.55% · other public 1.25%

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, 26 Sep 2025, 7 resolutions

71,959 shareholders on the register on 19 Sep 2025; present: 12 promoters and 29 others; votes counted by Vinod Sunder Raman / Megha M Vinod & Co. LLP.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 Board's report and report of Auditor’s thereon.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.43%

    Turnout: all 55.94% · promoters 100.00% · institutions 95.46% · other public 3.26%

  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 Auditors thereon.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.43%

    Turnout: all 55.94% · promoters 100.00% · institutions 95.46% · other public 3.26%

  3. To declare a final dividend of Rs.0.25/- (5%) per equity share of face value of Rs.5/- each for the financial year ended March 31, 2025.
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 55.96% · promoters 100.00% · institutions 95.55% · other public 3.26%

  4. To subject the directorship of Mr. Shrikant Himatsingka (DIN: 00122103), Executive Vice Chairman & Managing Director to section 152 i.e. retirement by rotation and to re-appoint Mr. Shrikant Himatsingka who retires by rotation.MoreLess
    SpecialPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.08% · other public 0.90%

    Turnout: all 55.96% · promoters 100.00% · institutions 95.55% · other public 3.26%

  5. To appoint Mr. Vivek Manjunath Bhat, Practicing Company Secretary (CoP:8426) as the Secretarial Auditor of the Company.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.78%

    Turnout: all 55.96% · promoters 100.00% · institutions 95.55% · other public 3.26%

  6. To approve the limit of payment to Non-Executive Independent Directors.
    Special
    99.98% for0.02% against

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

    Turnout: all 55.96% · promoters 100.00% · institutions 95.55% · other public 3.26%

  7. To increase the Authorized Share Capital of the Company and alter Capital Clause of the Memorandum of Association of the Company.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.78%

    Turnout: all 55.96% · promoters 100.00% · institutions 95.55% · other public 3.26%

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 Sep 2024, 5 resolutions

Present: 7 promoters and 34 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 Board's report and report of auditors thereon.
    Ordinary
    99.64% for0.36% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.45%

    Turnout: all 54.61% · promoters 100.00% · institutions 68.45% · other public 9.04%

  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 auditors thereon.
    Ordinary
    99.64% for0.36% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.45%

    Turnout: all 54.61% · promoters 100.00% · institutions 68.45% · other public 9.04%

  3. To declare a final dividend of ¿ 0.25/- (5%) per equity share of face value of ¿5/- each for the financial year ended March 31, 2024.n
    Ordinary
    99.64% for0.36% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.45%

    Turnout: all 54.63% · promoters 100.00% · institutions 69.01% · other public 9.04%

  4. To re-appoint Mr. Dinesh Kumar Himatsingka (DIN: 00139516) who retires by rotation.
    SpecialPromoters have an interest in it
    99.45% for0.55% against

    Against: promoters 0.00% · institutions 3.79% · other public 4.50%

    Turnout: all 54.63% · promoters 100.00% · institutions 69.01% · other public 9.04%

  5. To correct the typographic error in resolution passed at the Annual General Meeting held on September 28, 2023, approving the limit of annual payment to Non-Executive Directors.
    Special
    99.64% for0.36% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.52%

    Turnout: all 54.63% · promoters 100.00% · institutions 69.01% · other public 9.04%

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, 1 Mar 2024, 4 resolutions

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

  1. Raising of funds by way of a Qualified Institutions Placement
    Special
    99.67% for0.33% against

    Against: promoters 0.00% · institutions 4.15% · other public 0.16%

    Turnout: all 56.72% · promoters 100.00% · institutions 85.11% · other public 10.25%

  2. Increase in Authorized Share Capital
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 1.23% · other public 0.13%

    Turnout: all 56.72% · promoters 100.00% · institutions 85.11% · other public 10.25%

  3. Alteration in Capital Clause of the Memorandum of Association of the Company
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 1.23% · other public 0.13%

    Turnout: all 56.72% · promoters 100.00% · institutions 85.11% · other public 10.25%

  4. Appointment of Mr. Ravi Kumar (DIN: 02362615) as a Non-Executive Independent Director of the Company
    Special
    99.98% for0.02% against

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

    Turnout: all 56.72% · promoters 100.00% · institutions 85.11% · other public 10.25%

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 Sep 2023, 4 resolutions

Present: 8 promoters and 47 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 Board's Report and Report of Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 57.44% · promoters 100.00% · institutions 77.99% · other public 12.51%

  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 Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 57.44% · promoters 100.00% · institutions 77.99% · other public 12.51%

  3. To re-appoint Mr. S. Shanmuga Sundaram (DIN: 09816120), as a director, who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.27% · other public 0.14%

    Turnout: all 57.58% · promoters 100.00% · institutions 80.81% · other public 12.51%

  4. Payment of Remuneration to Non-Executive Directors.
    Special
    99.98% for0.02% against

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

    Turnout: all 57.58% · promoters 100.00% · institutions 80.81% · other public 12.51%

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.

Postal ballot, 21 Jul 2023, 5 resolutions

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

  1. APPROVAL FOR RE-APPOINTMENT OF MR. D. K. HIMATSINGKA (DIN:00139516) AS EXECUTIVE CHAIRMAN
    SpecialPromoters have an interest in it
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.73% · other public 0.27%

    Turnout: all 58.36% · promoters 100.00% · institutions 82.99% · other public 13.84%

  2. APPROVAL FOR PAYMENT OF REMUNERATION TO MR. D.K. HIMATSINGKA (DIN:00139516) AS EXECUTIVE CHAIRMAN
    SpecialPromoters have an interest in it
    99.47% for0.53% against

    Against: promoters 0.00% · institutions 6.84% · other public 0.29%

    Turnout: all 58.36% · promoters 100.00% · institutions 82.99% · other public 13.84%

  3. APPROVAL FOR RE-APPOINTMENT OF MR. SHRIKANT HIMATSINGKA (DIN:00122103) DESIGNATED AS EXECUTIVE VICE CHAIRMAN & MANAGING DIRECTOR
    SpecialPromoters have an interest in it
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.73% · other public 0.24%

    Turnout: all 58.36% · promoters 100.00% · institutions 82.99% · other public 13.84%

  4. APPROVAL FOR PAYMENT OF REMUNERATION TO MR. SHRIKANT HIMATSINGKA (DIN:00122103) DESIGNATED AS EXECUTIVE VICE CHAIRMAN & MANAGING DIRECTOR OF THE COMPANY
    SpecialPromoters have an interest in it
    99.47% for0.53% against

    Against: promoters 0.00% · institutions 6.84% · other public 0.26%

    Turnout: all 58.36% · promoters 100.00% · institutions 82.99% · other public 13.84%

  5. APPROVAL FOR APPOINTMENT OF MR. SHYAM POWAR (DIN:01679598) AS AN INDEPENDENT DIRECTOR OF THE COMPANY
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.24%

    Turnout: all 58.36% · promoters 100.00% · institutions 82.99% · other public 13.84%

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

Postal ballot, 15 Jan 2023, 6 resolutions

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

  1. Approve the Borrowing limits under section 180(1)(C) of Companies Act, 2013.
    Special
    93.23% for6.77% against

    Against: promoters 0.00% · institutions 42.46% · other public 0.05%

    Turnout: all 63.98% · promoters 100.00% · institutions 96.27% · other public 14.87%

  2. Creation of charges, mortagages, hypothecation and security interest on the assets of the Company under section 180 (1)(a) of the Companies Act, 2013.
    Special
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.51% · other public 0.05%

    Turnout: all 63.97% · promoters 100.00% · institutions 96.27% · other public 14.86%

  3. Approval for issuance of Securities
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 63.98% · promoters 100.00% · institutions 96.27% · other public 14.87%

  4. Appointment of Harminder Sahni (DIN: 00576755) as an Independent Director of the Company.
    Special
    89.74% for10.26% against

    Against: promoters 0.00% · institutions 64.32% · other public 0.14%

    Turnout: all 63.97% · promoters 100.00% · institutions 96.27% · other public 14.86%

  5. Appointment Ms. Sandhya Vasudevan (DIN: 00372405) as an Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 63.97% · promoters 100.00% · institutions 96.27% · other public 14.85%

  6. Appointment Mr. S Shanmuga Sundaram (DIN: 09816120) as a Whole Time Director designated as Executive Director - Manufacturing Operations (Group) of the Company.
    Ordinary
    97.14% for2.86% against

    Against: promoters 0.00% · institutions 17.86% · other public 0.14%

    Turnout: all 63.97% · promoters 100.00% · institutions 96.27% · other public 14.86%

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 29 May 2026, 1 fund house

  • Approved Remuneration payable to Mr. Dinesh Kumar Himatsingka, Executive Chairman, (DIN:00139516), for the remaining tenure of two years ending May 31, 2028
    1 for0 against
  • Approved Remuneration payable to Mr. Shrikant Himatsingka, Executive Vice Chairman & Managing Director, (DIN: 00122103), for the remaining tenure of two years ending May 31, 2028
    1 for0 against
  • APPROVED & ADOPTED AMENDED AND RESTATED ARTICLES OF ASSOCIATION OF THE COMPANY
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundMinimum number of directors not as per LODR requirement; Provision for appointment of Alternate Director.
    0 for1 against

Mutual fund votes, meeting of 26 Sep 2025, 1 fund house

  • To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2025, together with the Board's report and report of Auditor’s thereon.
    1 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 Auditors thereon.
    1 for0 against
  • To declare a final dividend of Rs.0.25/- (5%) per equity share of face value of Rs.5/- each for the financial year ended March 31, 2025.
    1 for0 against
  • To subject the directorship of Mr. Shrikant Himatsingka (DIN: 00122103), Executive Vice Chairman & Managing Director to section 152 i.e. retirement by rotation and to re-appoint Mr. Shrikant Himatsingka who retires by rotation.MoreLess
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. Governance concern: Skewed remuneration in favour of Promoter EDs
    0 for1 against
  • To appoint Mr. Vivek Manjunath Bhat, Practicing Company Secretary (CoP:8426) as the Secretarial Auditor of the Company.
    1 for0 against
  • To approve the limit of payment to Non-Executive Independent Directors.
    1 for0 against
  • To increase the Authorized Share Capital of the Company and alter Capital Clause of the Memorandum of Association of the Company.
    1 for0 against
3 earlier meetings

Mutual fund votes, meeting of 27 Sep 2024, 1 fund house

  • To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2024, together with the Board's report and report of auditors thereon.
    1 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 auditors thereon.
    1 for0 against
  • To declare a final dividend of ¿ 0.25/- (5%) per equity share of face value of ¿5/- each for the financial year ended March 31, 2024.n
    1 for0 against
  • To re-appoint Mr. Dinesh Kumar Himatsingka (DIN: 00139516) who retires by rotation.
    1 for0 against
  • To correct the typographic error in resolution passed at the Annual General Meeting held on September 28, 2023, approving the limit of annual payment to Non-Executive Directors.
    1 for0 against

Mutual fund votes, meeting of 1 Mar 2024, 1 fund house

  • Raising of funds by way of a Qualified Institutions Placement
    1 for0 against
  • Increase in Authorized Share Capital
    1 for0 against
  • Alteration in Capital Clause of the Memorandum of Association of the Company
    1 for0 against
  • Appointment of Mr. Ravi Kumar (DIN: 02362615) as a Non-Executive Independent Director of the Company
    1 for0 against

Mutual fund votes, meeting of 15 Jan 2023, 1 fund house

  • Approve the Borrowing limits under section 180(1)(C) of Companies Act, 2013.
    1 for0 against
  • Creation of charges, mortagages, hypothecation and security interest on the assets of the Company under section 180 (1)(a) of the Companies Act, 2013.
    1 for0 against
  • Approval for issuance of Securities
    1 for0 against
  • Appointment of Harminder Sahni (DIN: 00576755) as an Independent Director of the Company.
    1 for0 against
  • Appointment Ms. Sandhya Vasudevan (DIN: 00372405) as an Independent Director of the Company.
    1 for0 against
  • Appointment Mr. S Shanmuga Sundaram (DIN: 09816120) as a Whole Time Director designated as Executive Director - Manufacturing Operations (Group) of the Company.
    Against Franklin Templeton Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST the nominee is warranted because: • The board independence norms are not met, and S. Shanmuga Sundaram is a non-independent director nominee.
    0 for1 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 disputeIncome Tax Appellate Tribunal, KolkataSince 28 Mar 2018
    No change
    At the filing before: The case pertains to transfer pricing adjustments related to: 1. Guarantee provided by the Company to its subsidiaries. 2. Loan provided by the Company to Twill & Oxford LLC, associate company (under liquidation) & Himatsingka America Inc., step-down subsidiary 3. Investment in Bellora is Revenue in nature, since investment is for Business purpose. 4. Sale of power from CPP to Linens For the Assessment Year 2009-10, appeal was filed by Revenue before the Income Tax Appellate Tribunal against the order passed by Commissioner of Income Tax (Appeals). The appeal was dismissed by the Tribunal and additions to the extent of Rs. 5.85 crores have been deleted.MoreLess
  • Tax disputeCommissioner of Income TaxSince 27 Feb 2024
    No change
    At the filing before: The case pertains to transfer pricing adjustments related to: Interest on intercorporate loan: Rs. 1.31 Crores Marketing support HEL: Rs.5.81 Crores Sale of power: Rs.17.17 Crores Sale of steam: Rs.13.64 CroresMoreLess
  • Tax disputeOffice of the Assistant Commissioner of Income Tax, Central Circle, KolkataSince 9 Apr 2025
    No change
    At the filing before: Assessment Order received under section 143(3) read with section 144C(3) for AY 2022-23, wherein certain additions/ disallowances were made. Demand raised: Rs. 65.46 Crores against which the rectification was filed and the order for the same was received. Therefore, the revised demand is Rs. 13.95 Crores.MoreLess
  • Tax disputeCommissioner of Central Tax, Bangalore North CommissionerateSince 29 Sep 2022
    Date of next hearing is on 04th September 2026 - CESTAT
    At the filing before: HSL Export Oriented Unit ("EOU") made Domestic Tariff Area ("DTA") clearances of fabrics to HWPL on payment of appropriate Duties. The duty was paid on a transfer price that has been fixed by HSL. The transfer price is based on cost + at margin of 15% Total Duty for all the period Rs.379.64 Lakhs plus interest and levies.MoreLess
  • Tax disputeCommissioner of Customs, BengaluruSince 24 Feb 2023
    Date of next hearing is on 10th August 2026 - CESTAT
    At the filing before: Order passed relating to premises-based audit observation on classification of imported textile sizing chemicals Total Duty Rs.240.73 Lakhs plus interest and levies.
  • Tax disputeOffice of the Assistant Commissioner of Income Tax, Central Circle, KolkataSince 31 Mar 2026
    No change
    At the filing before: For the assessment year 2023-24, the Company had filed return of income within the due date. In this regard, Assessment Order under section 143(3) read with section 144C(13) of Income-tax Act, 1961, was passed by the Income Tax Department, wherein additions have been proposed by the Assessing Officer to the extent of Rs. 51.70 crore under 92CA(3) and a demand notice of Rs. 14.17 crores has been issued.MoreLess
  • Tax disputeAssistant Commissioner of Income Tax -Income Tax Appellate Tribunal, KolkataSince 30 Apr 2026
    No change
    At the filing before: For the Assessment Year 2008-09, appeal was filed by the Revenue and the Company before the Income Tax Appellate Tribunal against the order passed by Commissioner of Income Tax (Appeals). The appeal was dismissed by the Tribunal and additions to the extent of Rs. 6.90 crores have been deleted. Further, the Revenue filed an application for condonation of delay before the Hon’ble High Court, which has been accepted. In response to the condonation of delay by the Hon’ble High Court, the Company proposes to file an appeal before the Hon’ble Supreme Court.MoreLess

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

Investor complaints and compliance

Quarter by quarter.

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

  • Received
  • Resolved

Open at the quarter's end

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.

How money raised was used

Reported for the quarter to Sep 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A statement's amounts are left out where the raise it states is more than ten times everything the company owns, a figure typed at the wrong scale.

RaisedAmount raisedForSet asideSpentSpent elsewhere
QIPOct 2024, checked by CARE Ratings Limited–––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.