HLE Glascoat MD, chairman, board of directors and AGM
NSE: HLEGLASBSE: 522215Industrial ManufacturingSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹383.85.
- Next results date: the board meets on 2 Nov 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹2,581 Cr1,084th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 10 Aug 2026
- 72.1
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹6.69 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 60.8
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 18 May 2026
- 4.8
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.30%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 10 Aug 2026
- 7.2%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹6.69 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 8.6%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 10 Aug 2026
- 9.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 18 May 2026
- 0.51
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,30,09849.1% delivered
HLE Glascoat 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
- Managing directorHIMANSHU K PATEL
- ChairpersonYATISH CHANDRAKANT PAREKH
- Company Secretary and Compliance OfficerMR.ACHAL THAKKAR
8 directors4 independent3 executive1 non-executive
- HIMANSHU K PATEL · Managing directorExecutive · joined Dec 2016 · reappointed Dec 2022 · 1 listed board
- AALAP NILESHBHAI PATELExecutive · joined Dec 2016 · reappointed Dec 2022 · 1 listed board · 2 committee seats
- NILESH K PATELNon-executive · joined Dec 2016 · reappointed Sep 2025 · 1 listed board
- HARSH H PATELExecutive · joined Dec 2016 · reappointed Oct 2022 · 1 listed board · 1 committee seat
- VIJAYANTI PUNJABIIndependent · joined Dec 2016 · reappointed Dec 2021 · 54 months as independent · 1 listed board · 1 as independent
- YATISH CHANDRAKANT PAREKH · ChairpersonIndependent · joined May 2017 · reappointed May 2022 · 49 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- SANDEEP DEEPAK RANDERYIndependent · joined May 2017 · reappointed May 2022 · 49 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- JAYESHBHAI VASTUPAL SHAHIndependent · joined Jul 2019 · reappointed Nov 2023 · 32 months as independent · 1 listed board · 1 as independent · 2 committee seats
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
- 18 May 20268 of 8 present4 independent · 96 days in between
- 10 Feb 20268 of 8 present4 independent
Audit Committee
Chair YATISH CHANDRAKANT PAREKH
SANDEEP DEEPAK RANDERY, JAYESHBHAI VASTUPAL SHAH, AALAP NILESHBHAI PATEL
- 18 May 20263 of 4 present3 independent · 75 days in between
- 3 Mar 20263 of 4 present3 independent · 20 days in between
- 10 Feb 20263 of 4 present3 independent
Nomination and remuneration committee
Chair VIJAYANTI PUNJABI
YATISH CHANDRAKANT PAREKH, JAYESHBHAI VASTUPAL SHAH
- 18 May 20263 of 3 present3 independent · 96 days in between
- 10 Feb 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair SANDEEP DEEPAK RANDERY
AALAP NILESHBHAI PATEL, HARSH H PATEL, JAYESHBHAI VASTUPAL SHAH
- 18 May 20264 of 4 present2 independent · 96 days in between
- 10 Feb 20264 of 4 present2 independent
Risk Management Committee
Chair AALAP NILESHBHAI PATEL
SANDEEP DEEPAK RANDERY, YATISH CHANDRAKANT PAREKH
- 18 May 20263 of 3 present2 independent · 96 days in between
- 10 Feb 20263 of 3 present2 independent
Corporate Social Responsibility Committee
Chair SANDEEP DEEPAK RANDERY
VIJAYANTI PUNJABI, AALAP NILESHBHAI PATEL
- 18 May 20263 of 3 present2 independent · 96 days in between
- 10 Feb 20263 of 3 present2 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- M M NISSIM & CO LLPPeer-review certificate valid to Mar 2026
1 earlier auditor
- M/s M M NISSIM & 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.
HLE Glascoat 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.HLE Glascoat dividend history
Annual general meeting, 30 Sep 2026
70,262 shareholders on the register on 23 Sep 2026; present: 4 promoters and 51 others; votes counted by NIMISH MEHTA / N.M. & Co..The company's voting result (opens in a new tab)
To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon; and b) the Audited Consolidated Financial Statements of the Company for the year ended March 31, 2026, together with the Report of the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.24% · promoters 100.00% · institutions 45.58% · other public 28.16%
- To declare dividend of Rs. 1.1 (55%) per equity share having face value of Rs. 2 each for the financial year ended March 31, 2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.24% · promoters 100.00% · institutions 45.58% · other public 28.16%
- To appoint a Director in place of Mr. Harsh Patel (DIN: 00141863), Director, who retires by rotation and being eligible, offers himself for reappointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.24% · promoters 100.00% · institutions 45.58% · other public 28.16%
- To approve the continuation of Directorship of Mr. Yatish Parekh (DIN: 00168488) as an Independent Director of the Company, upon attaining the age of seventy-five (75) years.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.24% · promoters 100.00% · institutions 45.58% · other public 28.16%
- To approve remuneration payable to Cost Auditors for financial year 2026-2027.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.24% · promoters 100.00% · institutions 45.58% · other public 28.16%
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, 8 resolutions
82,535 shareholders on the register on 19 Sep 2025; present: 7 promoters and 37 others; votes counted by NIMISH MEHTA / N.M. & Co..The company's voting result (opens in a new tab)
A) To receive, consider and adopt the Audited Standalone Financial Statements B) To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the year ended March 31, 2025MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 74.67% · promoters 100.00% · institutions 91.91% · other public 2.86%
- To declare dividend of Rs.1.1 (55%) per equity share having face value of Rs. 2 each for the financial year ended March 31, 2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 74.67% · promoters 100.00% · institutions 91.91% · other public 2.86%
- To appoint a Director in place of Mr. Nilesh Patel (DIN: 00141873), Director, who retires by rotation and being eligible, offers himself for reappointment.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.06% · other public 0.02%
Turnout: all 74.67% · promoters 100.00% · institutions 91.91% · other public 2.86%
- To approve re-appointment of Mr. Himanshu Patel as a Managing Director of the Company.Special95.29% for4.71% against
Against: promoters 0.00% · institutions 49.15% · other public 0.02%
Turnout: all 74.67% · promoters 100.00% · institutions 91.91% · other public 2.86%
- To approve re-appointment of Mr. Aalap Patel as an Executive Director of the Company.Special95.21% for4.79% against
Against: promoters 0.00% · institutions 49.95% · other public 0.02%
Turnout: all 74.67% · promoters 100.00% · institutions 91.91% · other public 2.86%
- To approve re-appointment of Mr. Harsh Patel as a Whole-time Director of the CompanySpecial95.29% for4.71% against
Against: promoters 0.00% · institutions 49.15% · other public 0.02%
Turnout: all 74.67% · promoters 100.00% · institutions 91.91% · other public 2.86%
- To appoint M/s. N. M. & Co., Practicing Company Secretary as Secretarial Auditors of the Company for a period of five consecutive Financial YearsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 74.67% · promoters 100.00% · institutions 91.91% · other public 2.86%
- To approve remuneration payable to Cost Auditors for financial year 2025-26Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 74.67% · promoters 100.00% · institutions 91.91% · other public 2.86%
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.
Meeting called by the tribunal, 18 Apr 2025, 1 resolution
83,376 shareholders on the register on 11 Apr 2025; present: 7 promoters and 40 others; votes counted by NIMISH MEHTA / N.M. & Co..The company's voting result (opens in a new tab)
Resolution approving Scheme of Amalgamation of Kinam Enterprise Private Limited (the ‘Transferor Company’ or ‘KEPL’) with HLE Glascoat Limited (the ‘Transferee Company’ or ‘HGL’) and their respective Shareholders and Creditors (‘Scheme’) under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 read with the Rules thereunder, including the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 and all other provisions of applicable laws.MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 70.91% · promoters 100.00% · institutions 47.18% · other public 2.03%
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 2024, 5 resolutions
Present: 7 promoters and 38 others.The company's voting result (opens in a new tab)
1 - a) To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon; and b) To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the year ended March 31, 2024, together with the Report of the Auditors thereonMoreLess
Ordinary99.90% for0.10% againstAgainst: promoters 0.00% · institutions 1.82% · other public 0.01%
Turnout: all 71.13% · promoters 100.00% · institutions 48.64% · other public 2.80%
- 2 - To declare dividend of Rs.1.1 (55%) per equity share having face value of Rs. 2 each for the financial year ended March 31, 2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.13% · promoters 100.00% · institutions 48.64% · other public 2.80%
3 - To confirm dividend of Rs.0.19 (9.5%) per preference shares having face value of Rs.10 each (paid up value Rs.2 per share) for the financial year ended March 31, 2024 in accordance with the terms of issue.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 71.13% · promoters 100.00% · institutions 48.64% · other public 2.80%
- 4 - To appoint a Director in place of Mr. Aalap Patel (DIN: 06858672), Director, who retires by rotation and being eligible, offers himself for reappointment. nOrdinaryPromoters have an interest in it99.88% for0.12% against
Against: promoters 0.00% · institutions 2.36% · other public 0.01%
Turnout: all 71.13% · promoters 100.00% · institutions 48.64% · other public 2.80%
- 5 - To approve/ratify the remuneration payable to Cost Auditors for financial year 2024-25Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 71.13% · promoters 100.00% · institutions 48.64% · other public 2.80%
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, 7 resolutions
Present: 7 promoters and 34 others.The company's voting result (opens in a new tab)
1 a) To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the year ended March 31, 2023, together with the Reports of the Board of Directors and the Auditors thereon; andn b) To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the year ended March 31, 2023, together with the Report of the Auditors thereonMoreLess
Ordinary99.96% for0.04% againstAgainst: promoters 0.00% · institutions 0.63% · other public 0.00%
Turnout: all 75.33% · promoters 100.00% · institutions 96.46% · other public 2.10%
- 2 To Declare Dividend of Rs.1.10 (55%) per Equity Share of Rs.2 each for the FY 2022-23.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 75.33% · promoters 100.00% · institutions 96.46% · other public 2.10%
- 3 To confirm dividend of Rs.0.95 per preference shares having face value of Rs.10 each (paid up value Rs.4 per share) for the financial year 2022-23 in accordance with the terms of issue.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 75.33% · promoters 100.00% · institutions 96.46% · other public 2.10%
- 4 To appoint a Director in place of Mr. Harsh Patel (DIN: 00141863), Director, who retire by rotation and being eligible, offers himself for reappointment.OrdinaryPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.26% · other public 0.03%
Turnout: all 75.33% · promoters 100.00% · institutions 96.46% · other public 2.10%
- 5 To re-appoint Mr. Jayesh Shah (DIN: 03570056), as an Independent Director of the Company for a period of five (5) years.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 75.33% · promoters 100.00% · institutions 96.46% · other public 2.10%
6 To approve raising of additional funds by way of one or more public or private offerings including through a Qualified Institutional Placement (‘QIP’) to eligiblen investors through an issuance of equity shares or other eligible securities.MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 75.33% · promoters 100.00% · institutions 96.46% · other public 2.10%
- 7 To approve/ratify the remuneration payable to Cost Auditors for financial year 2023-24.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 75.33% · promoters 100.00% · institutions 96.46% · other public 2.10%
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 30 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)
To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon; and b) the Audited Consolidated Financial Statements of the Company for the year ended March 31, 2026, together with the Report of the Auditors thereon.MoreLess
1 for0 against- To declare dividend of Rs. 1.1 (55%) per equity share having face value of Rs. 2 each for the financial year ended March 31, 2026.1 for0 against
- To appoint a Director in place of Mr. Harsh Patel (DIN: 00141863), Director, who retires by rotation and being eligible, offers himself for reappointment.1 for0 against
- To approve the continuation of Directorship of Mr. Yatish Parekh (DIN: 00168488) as an Independent Director of the Company, upon attaining the age of seventy-five (75) years.1 for0 against
- To approve remuneration payable to Cost Auditors for financial year 2026-2027.1 for0 against
Mutual fund votes, meeting of 26 Sep 2025, 1 fund house
A) To receive, consider and adopt the Audited Standalone Financial Statements B) To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the year ended March 31, 2025MoreLess
1 for0 against- To declare dividend of Rs.1.1 (55%) per equity share having face value of Rs. 2 each for the financial year ended March 31, 2025.1 for0 against
- To appoint a Director in place of Mr. Nilesh Patel (DIN: 00141873), Director, who retires by rotation and being eligible, offers himself for reappointment.1 for0 against
- To approve re-appointment of Mr. Himanshu Patel as a Managing Director of the Company.1 for0 against
- To approve re-appointment of Mr. Aalap Patel as an Executive Director of the Company.1 for0 against
- To approve re-appointment of Mr. Harsh Patel as a Whole-time Director of the Company1 for0 against
- To appoint M/s. N. M. & Co., Practicing Company Secretary as Secretarial Auditors of the Company for a period of five consecutive Financial Years1 for0 against
- To approve remuneration payable to Cost Auditors for financial year 2025-261 for0 against
4 earlier meetings
Mutual fund votes, meeting of 26 Sep 2024, 4 fund houses
1 - a) To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon; and b) To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the year ended March 31, 2024, together with the Report of the Auditors thereonMoreLess
Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual Fund, Groww Mutual FundUnqualified opinion financial statements. Compliant with Indian Accounting Standards. Non-Compliant with Companies Act, 2013 & SEBI LODR Regulations: Non-disclosure of financial statements of Subsidiary for FY 2023-24 on website.
- Motilal Oswal Mutual FundNon-disclosure of financial of subsidiaries) on website.
1 for3 against- 2 - To declare dividend of Rs.1.1 (55%) per equity share having face value of Rs. 2 each for the financial year ended March 31, 2024.4 for0 against
3 - To confirm dividend of Rs.0.19 (9.5%) per preference shares having face value of Rs.10 each (paid up value Rs.2 per share) for the financial year ended March 31, 2024 in accordance with the terms of issue.MoreLess
4 for0 against- 4 - To appoint a Director in place of Mr. Aalap Patel (DIN: 06858672), Director, who retires by rotation and being eligible, offers himself for reappointment. n4 for0 against
- 5 - To approve/ratify the remuneration payable to Cost Auditors for financial year 2024-254 for0 against
Mutual fund votes, meeting of 28 Sep 2023, 5 fund houses
1 a) To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the year ended March 31, 2023, together with the Reports of the Board of Directors and the Auditors thereon; andn b) To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the year ended March 31, 2023, together with the Report of the Auditors thereonMoreLess
Against Motilal Oswal Mutual Fund, Nippon India Mutual Fund
- Motilal Oswal Mutual FundUnqualified opinion financial statements. Compliant with Indian Accounting Standards. Non-Compliant with Companies Act, 2013 & SEBI LODR Regulations: Non-disclosure of financial statements of Subsidiary for FY 2022-23 on website.
- Nippon India Mutual FundInadequate disclosure
3 for2 against- 2 To Declare Dividend of Rs.1.10 (55%) per Equity Share of Rs.2 each for the FY 2022-23.5 for0 against
- 3 To confirm dividend of Rs.0.95 per preference shares having face value of Rs.10 each (paid up value Rs.4 per share) for the financial year 2022-23 in accordance with the terms of issue.5 for0 against
- 4 To appoint a Director in place of Mr. Harsh Patel (DIN: 00141863), Director, who retire by rotation and being eligible, offers himself for reappointment.
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundCompliant with law. Governance concern: Holds two full time positions in unrelated business/ companies
4 for1 against - 5 To re-appoint Mr. Jayesh Shah (DIN: 03570056), as an Independent Director of the Company for a period of five (5) years.5 for0 against
6 To approve raising of additional funds by way of one or more public or private offerings including through a Qualified Institutional Placement (‘QIP’) to eligiblen investors through an issuance of equity shares or other eligible securities.MoreLess
5 for0 against- 7 To approve/ratify the remuneration payable to Cost Auditors for financial year 2023-24.5 for0 against
Mutual fund votes, meeting of 1 Sep 2022, 3 fund houses
Approval for raising of additional funds by way of one or more public or private offerings including through a Qualified Institutions Placement (QIP) to eligible investors through an issuance of equity shares or other eligible securitiesMoreLess
2 for0 againstRatification of remuneration of Rs.1 Lakhs plus applicable tax and out-of-pocket expenses to be paid to the Cost Auditors appointed by the Board of Directors of the Company, to conduct the audit of cost records of the Company for the financial year ending March 31, 2023.MoreLess
Against Nippon India Mutual Fund
- Nippon India Mutual FundLow audit fees
1 for1 against- To appoint a Director in place of Mr. Nilesh Patel (DIN: 001418673), Director, who retire by rotation and being eligible, offers himself for re-appointment.2 for0 against
- To appoint a Director in place of Mr. Nilesh Patel (DIN: 001418673), Director, who retire by rotation and being eligible, offers himself for reappointment1 for0 against
To appoint Mr. Harsh Patel (DIN 00141863) (“Appointee”) as a Whole-time Director of the Company, liable to retire by rotation, for a period of three years with effect from October 01, 2022 & to fix remunerationMoreLess
1 for0 againstTo approve appointment of Mr. Harsh Patel (DIN 00141863) (existing Non-Executive Director) as a Whole-time Director of the Company liable to retire by rotation, for a period of three years with effect from October 01, 2022 and including remuneration.MoreLess
2 for0 againstTo approve / ratify the remuneration to be paid to the Cost Auditors appointed by the Board of Directors of the Company to conduct the audit of cost records of the Company for the financial year ending March 31, 2023MoreLess
1 for0 againstTo approve re-appointment of Mr. Aalap Patel (DIN 06858672) (Appointee) as an Executive Director of the Company, liable to retire by rotation, for a period of three years with effect from December 31, 2022 and including remuneration.MoreLess
2 for0 againstTo approve re-appointment of Mr. Himanshu Patel (DIN: 00202312) (Appointee) as a Managing Director of the Company liable to retire by rotation, for a period of three years with effect from December 31, 2022 and including remuneration.MoreLess
Against Nippon India Mutual Fund
- Nippon India Mutual FundNo absolute cap on remuneration
1 for1 against- To approve Sub-division of equity shares from the face value of Rs. 10/- per share to Rs. 2/- per share along with necessary Alteration in Capital clause of the Memorandum of Association.2 for0 against
To authorize Board of Directors to create, offer, issue and allot from time to time (including with provisions for reservation on firm and/or competitive basis, or such part of issue and for such categories of persons as may be permitted) such number of Equity Shares and/or other securities,convertible into or exchangeable into Equity Shares (including warrants or otherwise, in registered or bearer form) (the “Securities”) in one or more tranches, for cash, whether Rupee denominated or denominated in foreign currency, , by way of one or more public and/or private offerings, for an aggregate amount up to Rs. 350.00 croresMoreLess
1 for0 againstTo Authorize Board of Directors to Sub-divide each of the Equity Shares of the Company having a face value of Rs. 10/- each into five (05) Equity Shares having a face value of Rs.2/-(two) each, with effect from the Record Date & to alter the Authorized Share Capital of the Company & to alter existing Clause V of the Memorandum of AssociationMoreLess
1 for0 against- To confirm dividend of Rs. 0.95 per preference shares of Rs. 10 each paid for the financial year 2021-22 in accordance with the terms of issue.3 for0 against
- To declare dividend of Rs. 5 per equity share of Rs. 10 each for the financial year 2021-2022.2 for0 against
- To declare dividend of Rs. 5 per equity share of Rs. 10 each for the financial year 2021-22.1 for0 against
To re-appoint M/s. M. M. Nissim & Co. LLP, Chartered Accountants (Firm Registration No. 107122W/W100672) as the Statutory Auditors of the Company for a second term of 5 (five) years & to fix their remunerationMoreLess
1 for0 againstTo re-appoint M/s. M. M. Nissim & Co. LLP, Chartered Accountants (Firm Registration No. 107122W/W100672) as the Statutory Auditors of the Company for a second term of 5 (five) years to hold office from the conclusion of this (31st) Annual General Meeting until the conclusion of the 36th Annual General Meeting of the Company, at a remuneration.MoreLess
Against Nippon India Mutual Fund
- Nippon India Mutual FundInadequate disclosure
1 for1 againstTo re-appoint Mr. Aalap Patel (DIN 06858672) (“Appointee”) as an Executive Director of the Company, liable to retire by rotation, for a period of three years with effect from December 31, 2022 & to fix remunerationMoreLess
1 for0 againstTo re-appoint Mr. Himanshu Patel (DIN: 00202312) (“Appointee”) as a Managing Director of the Company, liable to retire by rotation, for a period of three years with effect from December 31, 2022 & to fix remunerationMoreLess
1 for0 againstTo receive, consider and adopt: (a) The Audited Standalone Financial Statements of the Company for the year ended March 31, 2022, together with the Reports of the Board of Directors and the Auditors thereon; and (b) The Audited Consolidated Financial Statements of the Company for the year ended March 31, 2022, together with the Report of the Auditors thereon.MoreLess
Against Nippon India Mutual Fund
- Nippon India Mutual FundNon-disclosure of latest financial statements of Subsidiaries on the website
2 for1 against
Mutual fund votes, meeting of 2 Jul 2022, 3 fund houses
To approve increase limits of Borrowing under section 180(1)(c)of the Companies Act, 2013, provided that the total outstanding amount borrowed shall not at any time exceed the limit of Rs.500 crores (Rupees Five Hundred Crores only) (both funded and non-funded) at any given point of time over and above the aggregate of the paid-up capital and free reserves of the CompanyMoreLess
Against ICICI Prudential Mutual Fund
- ICICI Prudential Mutual FundAs on March 31, 2022, the company’s net worth on a standalone and consolidated basis was ₹2.8 billion and ₹2.5 billion, respectively. As per the earnings call transcript of Q4-FY2022, the company has already completed a bulk of their expansion and has no major capex planned. This expansion was partly funded by debt. Additionally, the company has also completed a partially debt funded acquisition of Thaletec’s global business. At the current debt levels of ₹2.1 billion as on March 31, 2022, there is sufficient headroom available under the automatic limit of ₹ 4.3 billion (as on March 31, 2022). Further, the AMC do not favor enabling resolutions and rolling limits (linked to net worth) and recommend that companies seek shareholder approval for a fixed quantum with granular disclosures on the use of the proposed borrowings. Hence, the AMC has voted against the resolution.
0 for1 againstTo authorise the Board of Directors to (i) give any loan to any person or other body corporate; (ii) give any guarantee or provide any security in connection with a loan to any other body corporate or person; and (iii) acquire by way of subscription, purchase or otherwise, the securities of any other body corporate, as they may in their absolute discretion deem beneficial and in the interest of the Company, subject however that the aggregate of the loans and investments so far made in and the amount for which guarantees or securities have so far been provided to all persons or bodies corporate along with the additional investments, loans, guarantees or securities proposed to be made or given or provided by the Company, from time to time, in future, to the aggregate of sum of Rs.350 Crores (Rupees Three Hundred and Fifty Crores only), over and above the limit of 60% of the paid-up share capital, free reserves and securities premium account of the Company or 100% of free reserves andMoreLess
Against ICICI Prudential Mutual Fund
- ICICI Prudential Mutual FundThe proposed limit of ₹6 billion is 2.1x of the company’s standalone networth as on March 31, 2022. The total amount utilized in FY2022 (inclusive of loans, guarantees and investments) stands at ₹1.6 billion. The current utilization with investments in subsidiaries and loans to related parties is low at ₹1.6 billion for FY2022, with headroom still available. The company must provide granular details of the investments/loans/guarantees to be given to the subsidiaries to justify this high limit of ₹ 6.0 billion. Further, the AMC do not favor enabling resolutions and rolling limits and recommend that companies seek shareholder approval for a fixed quantum with granular disclosures on the utilization of the proposed limits. Hence, the AMC has voted against the resolution.
0 for1 againstTo authorize Board of Directors to mortgage, hypothecate or pledge or create a charge over or otherwise encumber (in such form as may be required by Bank or financial institution or lender) as the Board may deem fit, the movable and immovable property acquired / to be acquired by the Company (both present and future) in favour of Bank or financial institution as security for any form of loans / borrowings availed or to be availed under Section 180(1)(c) of the Act by the Company from Bank or financial institution or lenderMoreLess
1 for0 againstTo borrow from time to time such sum or sums of money, with or without security, as they may deem necessary for the purpose of the business of the Company, notwithstanding that the monies to be borrowed, together with the monies already borrowed by the Company under section 180(1)(c)of the Companies Act, 2013MoreLess
Against Nippon India Mutual Fund
- Nippon India Mutual FundInsufficient information
1 for1 againstTo (i) give any loan to any person or other body corporate; (ii) give any guarantee or provide any security in connection with a loan to any other body corporate or person; and (iii) acquire by way of subscription, purchase or otherwise, the securities of any other body corporate, as they may in their absolute discretion deem beneficial and in the interest of the CompanyMoreLess
Against Nippon India Mutual Fund
- Nippon India Mutual FundInsufficient information
1 for1 againstTo mortgage, hypothecate or pledge or create a charge over or otherwise encumber (in such form as may be required by Bank or financial institution or lender) as the Board may deem fit, the movable and immovable property acquired / to be acquired by the Company (both present and future) in favour of Bank or financial institution as security for any form of loans / borrowings availed or to be availed under Section 180(1)(c) of the Act by the CompanyMoreLess
2 for0 against- To re-appoint Mr. Sandeep Randery (DIN 07663581) as an Independent Director of the Company for a period of five (5) year(s) with effect from May 29, 2022 and shall not be liable to retire by rotation1 for0 against
- To re-appoint Mr. Sandeep Randery (DIN 07663581), as an Independent Director of the Company for a period of five (5) years shall not be liable to retire by rotation2 for0 against
- To re-appoint Mr. Yatish Parekh (DIN 00168488) as an Independent Director of the Company for a period of five (5) year(s) with effect from May 29, 2022 and shall not be liable to retire by rotation1 for0 against
- To re-appoint Mr.Yatish Parekh (DIN: 00168488), as an Independent Director of the Company for a period of five (5) years and shall not be liable to retire by rotation2 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.