Hindustan Petroleum Corporation MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 26 Aug 2026, 13 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 as well as Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 together with the Reports of the Board of Directors and Auditors thereonMoreLess

  ›Against Angel One Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Sundaram Mutual Fund

  • Angel One Mutual FundGovernance concern: Non-Compliant Audit Committee. Absence of a compliant Audit Committee casts serious doubts over the integrity/ accuracy of the financial statements.
  • DSP Mutual Fund, Jio BlackRock Mutual Fund, Sundaram Mutual FundWe have relied upon the auditors’ report, which has not raised concerns on the standalone and consolidated financial statements. We note that the auditors have highlighted certain issues with the audit trail. Based on the auditors’ report, which is unqualified, the financial statements are in accordance with generally accepted accounting policies and Indian Accounting Standards (IND-AS). However, we raise concern that the company has not constituted an audit committee in line with regulations and does not have sufficient independent directors on the board, even while the accounts were finalized. In the absence of critical oversight provided by the audit committee, we are unable to support the resolution.
  • Edelweiss Mutual Fund, Navi Mutual Fund, PGIM India Mutual FundUnqualified Financial Statements. Governance concern: Non-Compliant Audit Committee. Absence of a compliant Audit Committee casts serious doubts over the integrity/ accuracy of the financial statements.

  6 for7 against
• To confirm the payment of Interim Dividend and to declare Final Dividend of Rs. 19.25/- per equity share for the Financial Year 2025-26

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

  • Angel One Mutual FundGovernance Concern is raised in adoption of financial statements of the Company under resolution #1, dividend being appropriation post approval of accounts, cannot be paid if accounts are not voted FOR.
  • Edelweiss Mutual Fund, Navi Mutual Fund, PGIM India Mutual FundSufficient funds available for payment of dividend. Governance Concern is raised in adoption of financial statements of the Company under resolution #1, dividend being appropriation post approval of accounts, cannot be paid if accounts are not voted FOR.

  9 for4 against
• To appoint a Director in place of Shri K S Shetty (DIN: 09760899) who retires by rotation and being eligible, offers himself for reappointment

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, HSBC Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund

  • Angel One Mutual FundGovernance concern: Board is non-compliant with the requirement of requisite number of Independent Directors and woman Independent Director. Executive Director serving as member of Nomination & Remuneration Committee is non-compliant with the applicable legal provisions.
  • Edelweiss Mutual Fund, Navi Mutual Fund, PGIM India Mutual FundCompliant with law. No concern on the merits of the proposed appointee. Governance concern: Board is non-compliant with the requirement of requisite number of Independent Directors and woman Independent Director. Executive Director serving as member of NRC is non-compliant with the applicable legal provisions.
  • HSBC Mutual FundA vote AGAINST this resolution is warranted because We have concerns about insufficient independence on the Remuneration and Nomination committees.

  8 for5 against
• Appointment of Shri Vikram Saxena (DIN: 10892368) as a Director of the Company

  ›Against Angel One Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, HSBC Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Sundaram Mutual Fund

  • Angel One Mutual FundGovernance concern: Board is non-compliant with the requirement of requisite number of Independent Directors and woman Independent Director.
  • DSP Mutual Fund, Sundaram Mutual FundVikram Saxena, 59, is Director (Technology & Field Service), ONGC and is responsible for Drilling & Well Services campaign. He has over 35 years of experience in Exploration & Production (E&P) operations across both onshore and offshore domains. He holds Bachelor of Engineering (Mechanical) and Master of Business Administration (Human Resource Management) degrees. He attended all three board meetings (100%) held in FY27, since his appointment. While his appointment is in line with statutory requirements, we are unable to support the resolution because the board composition is not compliant with regulations on Independent Director representation. We expect the Ministry of Petroleum and Natural Gas (MoP&NG) to first address the board composition before appointing its nominees to the board. Further, while public sector enterprises are exempt from the requirement of seeking shareholder approval within three months of the appointment date, as good practice, the company should have sought approval within three months. We do not support the resolution.
  • Edelweiss Mutual Fund, Navi Mutual Fund, PGIM India Mutual FundCompliant with law. No concern on the merits of the proposed appointees. Governance concern: Board is non-compliant with the requirement of requisite number of Independent Directors and woman Independent Director.
  • HSBC Mutual FundA vote AGAINST this resolution is warranted because We have concerns about insufficient independence on the Remuneration and Nomination committees.
  • Jio BlackRock Mutual FundVikram Saxena, 59, is Director (Technology & Field Service), ONGC and is responsible for Drilling & Well Services campaign. He has over 35 years of experience in Exploration & Production (E&P) operations across both onshore and offshore domains. He holds Bachelor of Engineering (Mechanical) and Master of Business Administration (Human Resource Management) degrees. He attended all three board meetings (100%) held in FY27, since his appointment.While his appointment is in line with statutory requirements, we are unable to support the resolution because the board composition is not compliant with regulations on Independent Director representation. We expect the Ministry of Petroleum and Natural Gas (MoP&NG) to first address the board composition before appointing its nominees to the board. Further, while public sector enterprises are exempt from the requirement of seeking shareholder approval within three months of the appointment date, as good practice, the company should have sought approval within three months. We do not support the resolution.

  5 for8 against
• Appointment of Shri Alok Tripathi (DIN: 06668832) as a Director of the Company

  ›Against Angel One Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Sundaram Mutual Fund

  • Angel One Mutual FundGovernance concern: Board is non-compliant with the requirement of requisite number of Independent Directors and woman Independent Director.
  • DSP Mutual Fund, Sundaram Mutual FundAlok Tripathi, 51, serves as Joint Secretary, Ministry of Petroleum and Natural Gas. He joined MoP&NG in 2012 as Deputy Secretary (Marketing). He joined civil services in the IRTS cadre on 20 September 1999 and has served the Department of Railways in various capacities. He holds Bachelor of Technology and Master of Technology in Mechanical Engineering from the Indian Institute of Technology, Kanpur. He attended all three board meetings (100%) held in FY27, since his appointment. While his appointment is in line with statutory requirements, we are unable to support the resolution because the board composition is not compliant with regulations on independent director representation. We expect the Ministry of Petroleum and Natural Gas (MoP&NG) to first address the board composition before appointing its nominees to the board. Further, while public sector enterprises are exempt from the requirement of seeking shareholder approval within three months of the appointment date, as good practice, the company should have sought approval within three months. We do not support the resolution.
  • Edelweiss Mutual Fund, Navi Mutual Fund, PGIM India Mutual FundCompliant with law. No concern on the merits of the proposed appointees. Governance concern: Board is non-compliant with the requirement of requisite number of Independent Directors and woman Independent Director.
  • Jio BlackRock Mutual FundAlok Tripathi, 51, serves as Joint Secretary, Ministry of Petroleum and Natural Gas. He joined MoP&NG in 2012 as Deputy Secretary (Marketing). He joined civil services in the IRTS cadre on 20 September 1999 and has served the Department of Railways in various capacities. He holds Bachelor of Technology and Master of Technology in Mechanical Engineering from the Indian Institute of Technology, Kanpur. He attended all three board meetings (100%) held in FY27, since his appointment.While his appointment is in line with statutory requirements, we are unable to support the resolution because the board composition is not compliant with regulations on independent director representation. We expect the Ministry of Petroleum and Natural Gas (MoP&NG) to first address the board composition before appointing its nominees to the board. Further, while public sector enterprises are exempt from the requirement of seeking shareholder approval within three months of the appointment date, as good practice, the company should have sought approval within three months. We do not support the resolution.

  6 for7 against
• Appointment of Smt. Srividya Venkataraman (DIN: 09548415) as Director of the Company designated as Director - Finance

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, HSBC Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund

  • Angel One Mutual FundGovernance concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
  • Edelweiss Mutual Fund, Navi Mutual Fund, PGIM India Mutual FundCompliant with law. No concern on the merits of the proposed appointee. Governance concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
  • HSBC Mutual FundA vote AGAINST this resolution is warranted because We have concerns about insufficient independence on the Remuneration and Nomination committees.

  8 for5 against
• Payment of remuneration of the Cost Auditors for the Financial Year ending March 31, 2027

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

  • Angel One Mutual FundGovernance concern: The composition of Audit committee is non-compliant with applicable provisions of Companies Act, 2013 and SEBI LODR.
  • Edelweiss Mutual Fund, Navi Mutual Fund, PGIM India Mutual FundCompliant with law. Governance concern: The composition of Audit committee is non-compliant with applicable provisions of Companies Act, 2013 and SEBI LODR.

  5 for4 against
• Approval of Material Related Party Transactions with HPCL - Mittal Energy Limited

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

  • Angel One Mutual FundGovernance & Transparency Concern: Currently, there is only one independent director on the Company's Board. Consequently, the Audit Committee, which is non- compliant, has approved the related party transactions. Further, the Company has made inadequate disclosures with regards to the latest audited financial statements of the related party.
  • Edelweiss Mutual Fund, Navi Mutual Fund, PGIM India Mutual FundCompliant with law. Governance & Transparency Concern: Currently, there is only one independent director on the Company's Board. Consequently, the Audit Committee, which is non- compliant, has approved the related party transactions. Further, the Company has made inadequate disclosures w.r.t. the latest audited financial statements of the related party.

  9 for4 against

Mutual fund votes, meeting of 22 Aug 2025, 37 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 as well as Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025 together with the Reports of the Board of Directors and Auditors thereonMoreLess

  36 for0 against
• To declare Final Dividend of Rs. 10.50/- per equity share for the Financial Year 2024-25

  36 for0 against
• To appoint a Director in place of Shri Rajneesh Narang (DIN: 08188549) who retires by rotation and being eligible, offers himself for reappointment

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual Fund, LIC Mutual FundGovernance Concern: Board is non-compliant with the requirement of Independent Directors.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual FundNo concern on the merits of the proposed appointee. Governance Concern: Board is non-compliant with the requirement of Independent Directors.
  • HSBC Mutual FundThe nominee is not considered independent and the overall board independence falls below our expectation.
  • PPFAS Mutual FundBoard is non-compliant with requisite number of IDs

  27 for10 against
• To appoint a Director in place of Shri Amit Garg (DIN: 08515246) who retires by rotation and being eligible, offers himself for reappointment

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual Fund, LIC Mutual FundGovernance Concern: Board is non-compliant with the requirement of Independent Directors.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual FundNo concern on the merits of the proposed appointee. Governance Concern: Board is non-compliant with the requirement of Independent Directors.
  • HSBC Mutual FundThe nominee is not considered independent and the overall board independence falls below our expectation.
  • PPFAS Mutual FundBoard is non-compliant with requisite number of IDs

  26 for10 against
• Appointment of Shri Vikas Kaushal (DIN: 10993007) as Chairman & Managing Director of the Company

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundGovernance Concern: Board is non-compliant with the requirement of Independent Directors. Holds combined position of Chairman and Managing Director. Delayed shareholders’ approval.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNo concern on the merits of the proposed appointee. Governance Concern: Board is non-compliant with the requirement of Independent Directors. Holds combined position of Chairman and Managing Director. Delayed shareholders’ approval.
  • LIC Mutual FundGovernance Concern: Board is non-compliant with the requirement of Independent Directors. Holds combined position of Chairman and Managing Director. Delayed shareholders approval.
  • PGIM India Mutual FundNo concern on the merits of the proposed appointee. Governance Concern: Board is non-compliant with the requirement of Independent Directors. Holds combined position of Chairman and Managing Director. Delayed shareholders approval.
  • PPFAS Mutual FundBoard is non-compliant with requisite number of IDs. Holding combined position of Chairman & MD. Delayed shareholders’ approval

  27 for9 against
• Appointment of Shri Bechan Lal (DIN: 09397116) as an Independent Director of the Company

  ›Against 360 One Mutual Fund, Angel One Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Invesco Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, NJ Mutual Fund, PGIM India Mutual Fund, PPFAS Mutual Fund, Sundaram Mutual Fund, Taurus Mutual Fund, Unifi Mutual Fund, UTI Mutual Fund, WhiteOak Capital Mutual Fund, Zerodha Mutual Fund

  • 360 One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNo concern on the merits of Director. Non-Compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments Governance concern: Delayed Shareholders’ approval, Term of appointment is ambiguous and against spirit of the law.
  • Angel One Mutual FundNo cooling-off period of Three years post cessation of previous directorships, no consecutive terms between the two appointments Governance concern: Delayed Shareholders’ approval,Term of appointment is ambiguous and against spirit of the law.
  • Bank of India Mutual Fund, NJ Mutual Fund, Sundaram Mutual Fund, Taurus Mutual Fund, Unifi Mutual FundBechan Lal, 68, was Vice-Chancellor, Cluster University Jammu in J&K, UT. He also was a Professor of Zoology, at Banaras Hindu University, Varanasi. He served as an Independent Director of the board from 16 November 2021 to 15 November 2024 and during this period attended all eight board meetings held. As per public sources, he is associated with BJP. While his appointment meets statutory requirements, we believe his political affiliation may unnecessarily politicize the decisions of the corporation and distract the management from its core focus. The company should have disclosed his political affiliation as part of the notice.
  • Invesco Mutual FundBechan Lal, 68, was Vice-Chancellor, Cluster University Jammu in J&K, UT. He also was a Professor of Zoology, at Banaras Hindu University, Varanasi. He served as an Independent Director of the board from 16 November 2021 to 15 November 2024 and during this period attended all eight board meetings held. As per public sources, he is associated with BJP. While his appointment meets statutory requirements, we believe his political affiliation may unnecessarily politicize the decisions of the corporation and distract the management from its core focus. The company should have disclosed his political affiliation as part of the noticeWe do not support the resolution.
  • LIC Mutual FundGovernance concern: Delayed Shareholders approval, Term of appointment is ambiguous and against spirit of the law.
  • Nippon India Mutual FundNon-Compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments Governance concern: Delayed Shareholders’ approval, Term of appointment is ambiguous and against spirit of the law.
  • PGIM India Mutual FundNo concern on the merits of Director. Non-Compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments Governance concern: Delayed Shareholders approval, Term of appointment is ambiguous and against spirit of the law.
  • PPFAS Mutual FundNo cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments. Delayed Shareholders’ approval. Term of appointment is ambiguous and against spirit of the law
  • UTI Mutual FundPublic sources suggest he is politically affiliated.
  • WhiteOak Capital Mutual FundBechan Lal, 68, was Vice-Chancellor, Cluster University Jammu in J&K, UT. He also was a Professor of Zoology, at Banaras Hindu University, Varanasi. His expertise may not align closely with the functional and strategic requirements of the Board at this stage. We do not suport the resolution.

  17 for20 against
• Appointment of Smt. Sharda Singh Kharwar (DIN: 09414443) as an Independent Director of the Company

  ›Against 360 One Mutual Fund, Angel One Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Edelweiss Mutual Fund, Franklin Templeton Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, Invesco Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, NJ Mutual Fund, PGIM India Mutual Fund, PPFAS Mutual Fund, Sundaram Mutual Fund, Taurus Mutual Fund, Unifi Mutual Fund, UTI Mutual Fund, WhiteOak Capital Mutual Fund, Zerodha Mutual Fund

  • 360 One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNo concern on the merits of Director. Governance concern: Term of appointment is ambiguous and against spirit of the law. Delayed Shareholders’ approval.
  • Angel One Mutual FundGovernance concern: Term of appointment is ambiguous. Delayed Shareholders’ approval.
  • Bank of India Mutual Fund, NJ Mutual Fund, Sundaram Mutual Fund, Taurus Mutual Fund, Unifi Mutual FundMs. Sharda Singh Kharwar, 43, is Regional President (ST Morcha) of Kashi. She has worked as Member of Districts Executive Committee of IT, Regional Minister of Kashi Region, Regional General Secretary (ST Morcha). The company proposes to appoint her as an Independent Director for one year from 28 March 2025. As per public sources, She is associated with BJP. While her appointment meets statutory requirements, we believe her political affiliation may unnecessarily politicize the decisions of the corporation and distract the management from its core focus. The company should have disclosed her political affiliation as part of the notice.
  • Franklin Templeton Mutual FundA vote AGAINST the following nominee is warranted because Sharda Singh Kharwar is associated with a political party, and the presence of directors with political background or affiliation with a political party can act as an impediment for independent and objective thinking of the board.
  • HSBC Mutual FundSharda Singh Kharwar is associated with a political party, and the presence of directors with political background or affiliation with a political party can act as an impediment for independent and objective thinking of the board.
  • Invesco Mutual FundMs. Sharda Singh Kharwar, 43, is Regional President (ST Morcha) of Kashi. She has worked as Member of Districts Executive Committee of IT, Regional Minister of Kashi Region, Regional General Secretary (ST Morcha). The company proposes to appoint her as an Independent Director for one year from 28 March 2025. As per public sources, She is associated with BJP. While her appointment meets statutory requirements, we believe her political affiliation may unnecessarily politicize the decisions of the corporation and distract the management from its core focus. The company should have disclosed her political affiliation as part of the notice. We do not support the resolution.
  • LIC Mutual FundGovernance concern: Term of appointment is ambiguous and against spirit of the law. Delayed Shareholders approval.
  • Nippon India Mutual FundGovernance concern: Term of appointment is ambiguous and against spirit of the law. Delayed Shareholders’ approval.
  • PGIM India Mutual FundNo concern on the merits of Director. Governance concern: Term of appointment is ambiguous and against spirit of the law. Delayed Shareholders approval.
  • PPFAS Mutual FundDelayed Shareholders’ approval, Term of appointment is ambiguous and against spirit of the law
  • UTI Mutual FundPublic sources suggest she is politically affiliated.
  • WhiteOak Capital Mutual FundMs. Sharda Singh Kharwar, 43, is Regional President (ST Morcha) of Kashi. She has worked as Member of Districts Executive Committee of IT, Regional Minister of Kashi Region, Regional General Secretary (ST Morcha). Considering the lack of relevant experience and financial background and considering the current board profile, we recommend voting against. We do not suport the resolution

  15 for22 against
• Appointment of Shri Vivekananda Biswal (DIN: 00977767) as an Independent Director of the Company

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundNo cooling-off period of Three years post cessation of previous directorships, no consecutive terms between the two appointments Governance concern: Delayed Shareholders’ approval,Term of appointment is ambiguous.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNo concern on the merits of Director. Non-Compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments Governance concern: Delayed Shareholders’ approval, Term of appointment is ambiguous and against spirit of the law.
  • LIC Mutual FundGovernance concern: Delayed Shareholders approval, Term of appointment is ambiguous and against spirit of the law.
  • PGIM India Mutual FundNo concern on the merits of Director. Non-Compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments Governance concern: Delayed Shareholders approval, Term of appointment is ambiguous and against spirit of the law.
  • PPFAS Mutual FundNo cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments. Delayed Shareholders’ approval. Term of appointment is ambiguous and against spirit of the law

  28 for9 against
• Appointment of Shri Abhay Sharma (DIN: 01514230) as an Independent Director of the Company

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundGovernance concern: Term of appointment is ambiguous. Delayed Shareholders’ approval
  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNo concern on the merits of Director. Governance concern: Term of appointment is ambiguous and against spirit of the law. Delayed Shareholders’ approval
  • LIC Mutual FundGovernance concern: Term of appointment is ambiguous and against spirit of the law. Delayed Shareholders approval
  • PGIM India Mutual FundNo concern on the merits of Director. Governance concern: Term of appointment is ambiguous and against spirit of the law. Delayed Shareholders approval
  • PPFAS Mutual FundDelayed Shareholders’ approval, Term of appointment is ambiguous and against spirit of the law

  27 for9 against
• Appointment of Upendra Shukla & Associates as Secretarial Auditor of the Company

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual Fund, LIC Mutual FundTransparency Concern: The Company has not disclosed the audit fee paid to outgoing Auditor and if there is any material change in the proposed audit fee and justification for material change if any
  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual FundNon-Compliant with SEBI LODR Regulations: Proposed Term not of 5 years. Transparency Concern: The Company has not disclosed the audit fee paid to outgoing Auditor and if there is any material change in the proposed audit fee and justification for material change if any
  • PPFAS Mutual FundProposed Term not for 5 years. Audit fee paid to outgoing auditors and Material change in the proposed audit fees not disclosed

  28 for9 against
• Payment of remuneration of the Cost Auditors for the Financial Year ending March 31, 2026

  36 for0 against
• Approval of Material Related Party Transactions with HPCL-Mittal Energy Limited (“HMEL”) to be entered during the Financial Year 2026-27

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundGovernance & Transparency Concern: Basis for Arm’s Length pricing not disclosed.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. Governance & Transparency Concern: Basis for Arm’s Length pricing not disclosed.
  • LIC Mutual FundGovernance & Transparency Concern: Basis for Arm s Length pricing not disclosed.
  • PGIM India Mutual FundCompliant with law. Governance & Transparency Concern: Basis for Arm s Length pricing not disclosed.
  • PPFAS Mutual FundBasis of arm’s length pricing not disclosed

  28 for9 against
• Approval of Material Related Party Transactions to be entered with Hindustan Colas Private Limited (“HINCOL”) during the Financial Year 2026-27

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundGovernance & Transparency Concern: Basis for Arm’s Length pricing not disclosed.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. Governance & Transparency Concern: Basis for Arm’s Length pricing not disclosed.
  • LIC Mutual FundGovernance & Transparency Concern: Basis for Arm s Length pricing not disclosed.
  • PGIM India Mutual FundCompliant with law. Governance & Transparency Concern: Basis for Arm s Length pricing not disclosed.
  • PPFAS Mutual FundBasis of arm’s length pricing not disclosed

  28 for9 against

• Fine or penaltyNational Stock Exchange of India Limited and BSE LimitedSince 27 May 2026

  Communication of fine levied for non-compliance with regulation 17 (1), 18(1) and 19(1)/ 19(2) of SEBI LODR, 2015

  Fine levied by National Stock Exchange of India Limited and BSE Limited during April-June 2026 for not having required number of Independent Directors and non-compliance with the composition of Audit Committee and Nomination and Remuenration Committee for the quarter ended March, 2026.MoreLess

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

The board is made up as the listing rules require

No

The board has a regular chairperson

Yes

The company has a risk management committee

Yes

The chair is related to the managing director

Yes

The filing has a part on fines and penalties

Yes

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.