Hindustan Foods logo

Hindustan Foods MD, chairman, board of directors and AGM

NSE: HNDFDSBSE: 519126Diversified FMCGSmall Cap

Last close ₹548.65down ₹7.50 (1.35%)BSE ₹547.90

Share price at the NSE close on 23 Oct 2026. Previous close ₹556.15.

52-week range of traded prices to 23 Oct 2026
₹442.00Low, 30 Jan 2026₹677.75High, 19 Aug 2026
Market cap
₹6,656 Cr722nd largest listed
P/E
Earlier quarters restated in the year
P/B
5.7
Dividend yield
Nonein the last 12 months
ROCE
12.8%
Debt to equity
0.90
Volume, NSE
66,49049.1% delivered

Hindustan Foods 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

  • ChairpersonShashi Kumar Kalathil
  • Managing directorSameer Ramanlal Kothari
  • Company Secretary and Compliance OfficerBankim Purohit

7 directors3 independent2 executive2 non-executive

  • Shashi Kumar Kalathil · ChairpersonIndependent · joined Nov 2015 · reappointed Sep 2021 · 127 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Shrinivas Vasudeva DempoNon-executive · joined Sep 1999 · reappointed Sep 2000 · 2 listed boards · 1 committee seat
  • Sameer Ramanlal Kothari · Managing directorExecutive · joined May 2017 · reappointed May 2022 · 1 listed board · 1 committee seat
  • Nikhil VoraNon-executive · joined May 2017 · reappointed Sep 2017 · 3 listed boards · 1 as independent · 1 committee seat
  • Honey Hiranand VaziraniIndependent · joined May 2017 · reappointed Sep 2022 · 109 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Ganesh Tukaram ArgekarExecutive · joined May 2014 · reappointed May 2023 · 1 listed board · 1 committee seat
  • Neeraj ChandraIndependent · joined Jan 2019 · reappointed Jan 2024 · 89 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair

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

1 director who left
  • AMRUTA ANURAG ADUKIA, left 12 Feb 2025: Others

Committees and meetings

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

  • Board

    • 21 May 20266 of 7 present3 independent · 99 days in between
    • 10 Feb 20267 of 7 present3 independent

  • Audit Committee

    Chair Shashi Kumar Kalathil

    Honey Hiranand Vazirani, Ganesh Tukaram Argekar

    • 21 May 20263 of 3 present2 independent · 99 days in between
    • 10 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Honey Hiranand Vazirani

    Shashi Kumar Kalathil, Shrinivas Vasudeva Dempo

    • 21 May 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Neeraj Chandra

    Shrinivas Vasudeva Dempo, Honey Hiranand Vazirani, Sameer Ramanlal Kothari

    • 21 May 20264 of 4 present2 independent

  • Risk Management Committee

    Chair Sameer Ramanlal Kothari

    Ganesh Tukaram Argekar, Shashi Kumar Kalathil, Honey Hiranand Vazirani, Mayank Samdani, Bankim Purohit

    • 21 May 20264 of 4 present2 independent · 189 days in between
    • 12 Nov 20254 of 4 present2 independent

  • Corporate Social Responsibility Committee

    Chair Sameer Ramanlal Kothari

    Ganesh Tukaram Argekar, Shashi Kumar Kalathil

    • 21 May 20263 of 3 present1 independent

  • Share Allotment Committee

    Chair Shashi Kumar Kalathil

    Sameer Ramanlal Kothari, Ganesh Tukaram Argekar

    • 21 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.

  • M/s MSKA & Associates LLPPeer-review certificate valid to Jul 2027
1 earlier auditor
  • M S K A & 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.

Hindustan Foods 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.Hindustan Foods share news and announcements

Annual general meeting, 23 Sep 2026

59,245 shareholders on the register on 16 Sep 2026; present: 10 promoters and 50 others; votes counted by Amit Surase / AUS & Co.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements together with the Reports of the Board of Directors and Auditors’ thereon for the Financial Year ended March 31, 2026
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.78% · promoters 99.98% · institutions 39.00% · other public 27.60%

  2. Re-Appointment of Mr. Shrinivas Dempo (DIN: 00043413) as a Director, who retires by rotation and being eligible offers himself for re-appointment at the AGM
    Ordinary
    97.25% for2.75% against

    Against: promoters 0.00% · institutions 16.30% · other public 0.00%

    Turnout: all 80.03% · promoters 99.98% · institutions 63.86% · other public 27.60%

  3. Ratification of remuneration payable to the Cost Auditor
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 80.03% · promoters 99.98% · institutions 63.86% · other public 27.60%

  4. Increase in borrowing power in terms of Section 180(1)(c) of the Companies Act, 2013 and authorising the Board to borrow moneys in excess of Paid-up Share Capital, Free Reserves and Securities Premium of the Company upto Rs. 1,300 CroresMoreLess
    Special
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 1.19% · other public 0.00%

    Turnout: all 80.03% · promoters 99.98% · institutions 63.86% · other public 27.60%

  5. Authorizing the Board under Section 180(1)(a) of the Companies Act, 2013 to create/ modify charge on the movable/ immovable assets Including undertakings of the Company, both present and future, to secure borrowingsMoreLess
    Special
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 1.19% · other public 0.00%

    Turnout: all 80.03% · promoters 99.98% · institutions 63.86% · other public 27.60%

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, 15 Oct 2025, 1 resolution

71,101 shareholders on the register on 8 Oct 2025; present: 9 promoters and 41 others; votes counted by Prashant Sharma / Advocate Prashant Sharma.The company's voting result (opens in a new tab)

  1. Approval of the Scheme of Arrangement between Avalon Cosmetics Private Limited (“ACPL” or “the Demerged Company” or “First Applicant Company”) and Vanity Case India Private Limited (“VCIPL” or “the Transferor Company” or “Second Applicant Company”) and Hindustan Foods Limited (“HFL” or “the Resulting Company” or “the Transferee Company” or “Third Applicant Company”) and their respective shareholders (the “Scheme”)MoreLess
    SpecialPromoters have an interest in it
    96.08% for3.92% against

    Against: promoters 0.00% · institutions 23.19% · other public 0.01%

    Turnout: all 80.93% · promoters 99.98% · institutions 67.68% · other public 32.24%

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, 23 Sep 2025, 7 resolutions

72,106 shareholders on the register on 12 Sep 2025; present: 9 promoters and 46 others; votes counted by Amit Surase / AUS & Co.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements together with the Reports of the Board of Directors and Auditors’ thereon for the Financial Year ended March 31, 2025
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.77% · promoters 99.98% · institutions 41.18% · other public 33.30%

  2. Re-Appointment of Mr Nikhil Vora (DIN: 05014606) as a Director, who retires by rotation and being eligible offers himself for re-appointment at the AGM
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.29% · other public 0.01%

    Turnout: all 80.79% · promoters 99.98% · institutions 66.02% · other public 33.30%

  3. Ratification of remuneration payable to the Cost Auditor
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 80.79% · promoters 99.98% · institutions 66.02% · other public 33.30%

  4. Appointment of Secretarial Auditors and fixing their remuneration
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 80.79% · promoters 99.98% · institutions 66.02% · other public 33.30%

  5. Increase in borrowing power in terms of Section 180(1)(c) of the Companies Act, 2013 and authorising the Board to borrow moneys in excess of Paid-up Share Capital, Free Reserves and Securities Premium of the Company upto Rs. 1,000 CroresMoreLess
    Special
    99.46% for0.54% against

    Against: promoters 0.00% · institutions 1.28% · other public 4.35%

    Turnout: all 80.79% · promoters 99.98% · institutions 66.02% · other public 33.30%

  6. Authorizing the Board under Section 180(1)(a) of the Companies Act, 2013 to create/ modify charge on the movable/ immovable assets Including undertakings of the Company, both present and future, to secure borrowingsMoreLess
    Special
    99.46% for0.54% against

    Against: promoters 0.00% · institutions 1.28% · other public 4.35%

    Turnout: all 80.79% · promoters 99.98% · institutions 66.02% · other public 33.30%

  7. Approval for variation of utilisation of proceeds of Preferenetial allotment of 72,71,081 Convertible Warrants into Equity on a preferential basis to Non- Promoter QIB & Non-QIB’s within the approved objects limitsMoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 80.79% · promoters 99.98% · institutions 66.02% · other public 33.30%

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 Jun 2025, 2 resolutions

74,975 shareholders on the register on 16 May 2025; votes counted by Prashant Sharma / Advocate Prashant Sharma.The company's voting result (opens in a new tab)

  1. Grant of options under Employee Stock Option Scheme 2025 (“HFL ESOS 2025” or “Scheme”) to the Eligible Employees of Hindustan Foods Limited (‘HFL’ or ‘the Company’)
    Special
    96.67% for3.33% against

    Against: promoters 0.00% · institutions 30.61% · other public 0.07%

    Turnout: all 73.80% · promoters 100.00% · institutions 40.69% · other public 19.71%

  2. Grant of options under Employee Stock Option Scheme 2025 (“HFL ESOS 2025” or “Scheme”) to the Eligible Employees of Group Companies, including Subsidiary Companies and Associate Companies of Hindustan Foods Limited (“HFL” or “the Company”)MoreLess
    Special
    96.55% for3.45% against

    Against: promoters 0.00% · institutions 31.78% · other public 0.07%

    Turnout: all 73.80% · promoters 100.00% · institutions 40.69% · other public 19.71%

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

Postal ballot, 10 Apr 2025, 1 resolution

76,259 shareholders on the register on 7 Mar 2025; votes counted by Prashant Sharma / Advocate Prashant Sharma.The company's voting result (opens in a new tab)

  1. Approve the Employee Stock Option Scheme 2025 (“HFL ESOS 2025” or “Scheme”)
    Special
    97.05% for2.95% against

    Against: promoters 0.00% · institutions 26.68% · other public 0.06%

    Turnout: all 72.15% · promoters 100.00% · institutions 40.40% · other public 10.84%

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.

Annual general meeting, 24 Sep 2024, 3 resolutions

Present: 5 promoters and 54 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements together with the Board Report and the Report of Auditors’ thereon for the Financial Year ended March 31, 2024
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.55% · promoters 100.00% · institutions 31.07% · other public 33.66%

  2. Re-Appointment of Mr. Shrinivas Vasudeva Dempo (DIN: 00043413) as a Director, who retires by rotation and being eligible offers himself for re-appointment at the AGM
    Ordinary
    99.95% for0.05% against

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

    Turnout: all 80.03% · promoters 100.00% · institutions 57.22% · other public 33.66%

  3. Ratification of remuneration payable to the Cost Auditor
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 80.03% · promoters 100.00% · institutions 57.22% · other public 33.66%

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, 22 Jan 2024, 1 resolution

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

  1. Re-appointment of Mr Neeraj Chandra (DIN: 00444694) as an Independent Director of the Company for the 2nd term of 5 (five) consecutive years
    Special
    99.99% for0.01% against

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

    Turnout: all 86.68% · promoters 100.00% · institutions 98.72% · other public 41.55%

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.

Extraordinary general meeting, 20 Oct 2023, 2 resolutions

Present: 2 promoters and 47 others.The company's voting result (opens in a new tab)

  1. Issue of Convertible Warrants on Preferential basis to the certain Qualified Institutional Buyers under Non-Promoter category for cash
    Special
    100.00% for0.00% against

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

    Turnout: all 85.45% · promoters 100.00% · institutions 98.67% · other public 36.14%

  2. Issue of Convertible Warrants on Preferential basis to the certain Non-Qualified Institutional Buyers under Non-Promoter category for cash
    Special
    100.00% for0.00% against

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

    Turnout: all 85.45% · promoters 100.00% · institutions 98.67% · other public 36.14%

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 23 Sep 2026, 2 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.

  • Adoption of Audited Standalone and Consolidated Financial Statements together with the Reports of the Board of Directors and Auditors’ thereon for the Financial Year ended March 31, 2026
    2 for0 against
  • Re-Appointment of Mr. Shrinivas Dempo (DIN: 00043413) as a Director, who retires by rotation and being eligible offers himself for re-appointment at the AGM
    Against HSBC Mutual Fund
    • HSBC Mutual FundA vote AGAINST the following nominee is warranted because: • Shrinivas Dempo has failed to attend at least 75 percent of board and key committee meetings in the most recent fiscal year, without a satisfactory explanation.
    1 for1 against
  • Ratification of remuneration payable to the Cost Auditor
    2 for0 against
  • Increase in borrowing power in terms of Section 180(1)(c) of the Companies Act, 2013 and authorising the Board to borrow moneys in excess of Paid-up Share Capital, Free Reserves and Securities Premium of the Company upto Rs. 1,300 CroresMoreLess
    2 for0 against
  • Authorizing the Board under Section 180(1)(a) of the Companies Act, 2013 to create/ modify charge on the movable/ immovable assets Including undertakings of the Company, both present and future, to secure borrowingsMoreLess
    1 for0 against
1 proposal not matched to one resolution
  • Approve Pledging of Assets for Debt
    1 for0 against

Mutual fund votes, meeting of 15 Oct 2025, 4 fund houses

  • Approval of the Scheme of Arrangement between Avalon Cosmetics Private Limited (“ACPL” or “the Demerged Company” or “First Applicant Company”) and Vanity Case India Private Limited (“VCIPL” or “the Transferor Company” or “Second Applicant Company”) and Hindustan Foods Limited (“HFL” or “the Resulting Company” or “the Transferee Company” or “Third Applicant Company”) and their respective shareholders (the “Scheme”)MoreLess
    Against HSBC Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
    • HSBC Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns: • ACPL is controlled by the promoters of the company, which poses potential of conflict of interest in the current transaction. • The consideration for the acquisition of Contract Manufacturing (Nashik) Business Undertakings from ACPL is deemed to be high, compared to industry peers. • There is insufficient information available about the target business’s financials, which makes it challenging to accurately determine its fair value.
    • LIC Mutual FundGovernance & Transparency Concern: While no concern is identified w.r.t the exchange ratio for the amalgamation of VCIPL within HFL, it is difficult to ascertain the fairness of exchange ratio as consideration for Demerger of the Contract Manufacturing (Nashik) Business of the ACPL into HFL.
    • Motilal Oswal Mutual FundCompliant with law. Governance & Transparency Concern: While no concern is identified w.r.t the exchange ratio for the amalgamation of VCIPL within HFL, it is difficult to ascertain the fairness of exchange ratio as consideration for Demerger of the Contract Manufacturing (Nashik) Business of the ACPL into HFL.
    1 for3 against
6 earlier meetings

Mutual fund votes, meeting of 23 Sep 2025, 4 fund houses

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

  • Adoption of Audited Standalone and Consolidated Financial Statements together with the Reports of the Board of Directors and Auditors’ thereon for the Financial Year ended March 31, 2025
    4 for0 against
  • Re-Appointment of Mr Nikhil Vora (DIN: 05014606) as a Director, who retires by rotation and being eligible offers himself for re-appointment at the AGM
    4 for0 against
  • Ratification of remuneration payable to the Cost Auditor
    4 for0 against
  • Appointment of Secretarial Auditors and fixing their remuneration
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern on merit of the proposed Secretarial Auditor. Non-Compliant with Regulation 36(5) of SEBI LODR: Proposed audit fee payable to Secretarial Auditors not disclosed.
    2 for1 against
  • Increase in borrowing power in terms of Section 180(1)(c) of the Companies Act, 2013 and authorising the Board to borrow moneys in excess of Paid-up Share Capital, Free Reserves and Securities Premium of the Company upto Rs. 1,000 CroresMoreLess
    4 for0 against
  • Authorizing the Board under Section 180(1)(a) of the Companies Act, 2013 to create/ modify charge on the movable/ immovable assets Including undertakings of the Company, both present and future, to secure borrowingsMoreLess
    3 for0 against
  • Approval for variation of utilisation of proceeds of Preferenetial allotment of 72,71,081 Convertible Warrants into Equity on a preferential basis to Non- Promoter QIB & Non-QIB’s within the approved objects limitsMoreLess
    4 for0 against
2 proposals not matched to one resolution
  • Approve Pankaj S Desai as Auditors and Authorize Board to Fix Their Remuneration
    1 for0 against
  • Approve Pledging of Assets for Debt
    1 for0 against

Mutual fund votes, meeting of 21 Jun 2025, 4 fund houses

  • Grant of options under Employee Stock Option Scheme 2025 (“HFL ESOS 2025” or “Scheme”) to the Eligible Employees of Hindustan Foods Limited (‘HFL’ or ‘the Company’)
    Against HSBC Mutual Fund
    • HSBC Mutual FundA vote AGAINST this resolution is warranted because: • The scheme provides flexibility for grant of stock options with an exercise price, at a deep discount to the prevailing market price. • The notice lacks information if vesting is subject to objective vesting conditions and thresholds or targets for vesting. • The proposal includes grant of stock options to employees of associate company without a compelling rationale.
    3 for1 against
  • Grant of options under Employee Stock Option Scheme 2025 (“HFL ESOS 2025” or “Scheme”) to the Eligible Employees of Group Companies, including Subsidiary Companies and Associate Companies of Hindustan Foods Limited (“HFL” or “the Company”)MoreLess
    Against HSBC Mutual Fund, Mahindra Manulife Mutual Fund
    • HSBC Mutual FundA vote AGAINST this resolution is warranted because: • The scheme provides flexibility for grant of stock options with an exercise price, at a deep discount to the prevailing market price. • The notice lacks information if vesting is subject to objective vesting conditions and thresholds or targets for vesting. • The proposal includes grant of stock options to employees of associate company without a compelling rationale.
    • Mahindra Manulife Mutual FundWe do not support extension of scheme to associate companies without any detailed reasons.
    2 for2 against

Mutual fund votes, meeting of 10 Apr 2025, 9 fund houses

  • Approve the Employee Stock Option Scheme 2025 (“HFL ESOS 2025” or “Scheme”)
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliant under SEBI SBEB Regulations: Non-Disclosure of Exercise Price / Pricing Formula; Absolute Discretion to NRC to determine Exercise Price. Governance Concern: Excessive potential benefit to a single employee. Transparency concern: NRC discretion to determine the Vesting period.
    • HSBC Mutual FundA vote AGAINST this resolution is warranted because: • The scheme provides flexibility for grant of stock options with an exercise price, at a deep discount tothe prevailing market price. • The notice lacks information if vesting is subject to objective vesting conditions and thresholds ortargets for vesting.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    3 for6 against

Mutual fund votes, meeting of 24 Sep 2024, 3 fund houses

  • Adoption of Audited Standalone and Consolidated Financial Statements together with the Board Report and the Report of Auditors’ thereon for the Financial Year ended March 31, 2024
    3 for0 against
  • Re-Appointment of Mr. Shrinivas Vasudeva Dempo (DIN: 00043413) as a Director, who retires by rotation and being eligible offers himself for re-appointment at the AGM
    3 for0 against
  • Ratification of remuneration payable to the Cost Auditor
    3 for0 against

Mutual fund votes, meeting of 22 Jan 2024, 2 fund houses

  • Re-appointment of Mr Neeraj Chandra (DIN: 00444694) as an Independent Director of the Company for the 2nd term of 5 (five) consecutive years
    2 for0 against

Mutual fund votes, meeting of 20 Oct 2023, 1 fund house

  • To issue and allot 15,96,027 convertible warrants (Warrants) and each Warrants are convertible in to one equity shares of face value of Rs. 2/- each fully paid-up (Equity Share) of the Company at any time within 18 months from the date of allotment of the Warrants as per the ICDR Regulations for cash, to two Non-Qualified Institutional Buyers belong to Non-Promoter Category (Non‐QIB Allottees) on preferential issue basis at a Price of Rs. 563.90/- per Warrant (including a premium of Rs. 561.90/- (as determined by the Board in accordance with the pricing guidelines prescribed under Regulation 164(1) of the ICDR Regulations) at an aggregate consideration of Rs. 89,99,99,625.30.MoreLess
    1 for0 against
  • To issue and allot 56,75,054 convertible warrants (Warrants or Convertible Warrants) and each Warrants are convertible in to one equity shares of face value of Rs. 2/- each fully paid-up (Equity Share) of the Company at any time within 18 months from the date of allotment of the Warrants as per the ICDR Regulations for cash, to the Four Qualified Institutional Buyers belong to Non-Promoter Category (QIB Allottees) on preferential issue basis at a Price of Rs. 546.25/- per Warrant (including a premium of Rs. 544.25/-(as determined by the Board in accordance with the pricing guidelines prescribed under Regulation 164(4) of the ICDR Regulations)at an aggregate consideration of Rs. 3,09,99,98,247.50.MoreLess
    1 for0 against

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

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeIncome Tax DepartmentSince 31 Mar 2017
    Currently the Matter is pending before honorable Madras High Court for final hearing.
    At the filing before: Appeal is filed by the HFL Healthcare and Wellness Private Limited (Wholly Owned Subsidiary of the Company) challenging exclusion of certain incomes from profits of business while computing 10B deduction and Exclusion of expenditure in foreign currency from Export Turnover and Total Turnover while calculating deduction u/s 10B and the disallowance due to Comparable, Margin Computation & Risk Adjustment for assessment year 2010-11. Pending Before honorable Madras high court - Expected financial implication is Rs. 2.57 Crores.MoreLess
  • Tax disputeIncome Tax DepartmentSince 24 Feb 2022
    Currently the matter is Pending before Commissioner of Income Tax , National Faceless Assessment Centre, Delhi
    At the filing before: Rectification Application filed by the HFL Healthcare and Wellness Private Limited (Wholly Owned Subsidiary of the Company) challenging disallowance of MAT Credit for Assessment year 2013-14 as per the Order passed by Income tax department , National Faceless Assessment Centre Delhi. Pending before Commissioner of Income Tax , National Faceless Assessment Centre, Delhi – Expected financial implication is Rs. 1.58 croresMoreLess
  • Tax disputeCommercial Tax Officer, Tindivanam, Tamil NaduSince 17 Feb 2025
    Matter pending for hearing before the GST Appeal authority.
    At the filing before: The Company has filed an appeal challenging the demand towards Outward supply, liability towards RCM, Excess claim of ITC, ITC reversal towards exempt supplies and ITC reversal for non-compliant vendors for the FY 2020-21- Financial impact is Rs. 1,17,38,109 /- (Tax - 62,12,171/-, Interest - 49,04,720/- & Penalty - 6,21,218).MoreLess
  • Tax disputeDeputy Commissioner, Bengaluru CustomsSince 10 Jun 2025
    The Company has requested the concerned authorities for documents related to such demand raised.
    At the filing before: The Company has received an order from the Deputy Commissioner, Bengaluru customs towards non-fulfilment of the transshipment conditions as per section 55 of the customs Act 1962. Financial impact is Rs. 1,46,872 /- (Tax - 97,914/- & Penalty - 48,958).MoreLess
  • Tax disputeCommercial Tax Officer, Tindivanam, Tamil NaduSince 23 Dec 2025
    Appeal filed and matter pending for hearing before the GST Appeal authority.
    At the filing before: The Company has received an order from the Commercial Tax Officer towards difference in liabilities with reference to E-way bill and GSTR-1, ineligible ITC u/s 17(5) and ITC reversal for cancelled dealers & snon-compliant vendors for the FY 2021-22- Financial impact is Rs.62,72,595 /- (Tax - 35,52,835/-, Interest - 23,44,902/- & Penalty - 3,74,858/-).MoreLess
  • Tax disputeOffice of the Assistant Commisioner of Income Tax, Tamil NaduSince 30 Dec 2025
    The Company shall investigate the details of the order and take appropriate action.
    At the filing before: The Company has received an order from the Income Tax Department towards outstanding TDS demand- Financial impact is Rs.1,45,520 /- (Tax - Rs. 1,03,440/- & Interest - Rs. 42,080/-).
  • Tax disputeCommercial Tax Officer, Tindivanam, Tamil NaduSince 25 Mar 2026
    Matter pending for hearing before the GST Appeal authority.
    At the filing before: The Company has received several orders from the Commercial Tax Officer towards excess GST refund claimed for FY 2019-20- Financial impact is Rs.7,19,28,679/- (Tax - Rs. 2,24,12,410/-, Interest - Rs. 2,71,03,859/- & Penalty - Rs. 2,24,12,410/-).MoreLess
  • Tax disputeIncome Tax DepartmentSince 21 Apr 2026
    Currently the Matter is pending before Assessing officer
    At the filing before: The Company has received a demand order of Rs. 66,38,320 for AY 2025–26 on account of disallowance of bonus expenditure, alleging that the same was paid before the filing of the Income Tax return. However, the Company has correctly claimed the bonus expenditure in accordance with the provisions of the Income-tax Act, 1961, which allow deduction of bonus if it is paid on or before the due date of filing of the return of income. Accordingly, the disallowance made is not in line with the applicable provisionsMoreLess
2 more
  • Tax disputeIncome Tax DepartmentSince 20 May 2026
    Currently the Matter is pending before Assessing officer
    At the filing before: KNS Shoetech Private Limited (Wholly owned Subsidiary Company of the Company) has received a demand order of Rs 1,07,260 for AY 2023–24 from the Income Tax Department due to an incorrect processing of the return. The Company had filed its Income Tax Return under the new tax regime as per Section 115BAB. However, the return was erroneously processed by the department under the old tax regime.MoreLess
  • Tax disputeCommercial Tax Officer, Tindivanam, Tamil NaduSince 29 May 2026
    The Company is in the process of submitting an appeal to the Authority.
    At the filing before: The Company has received demand orders under Rule 86A(a) and (c) of CGST/SGST Act, 2017 for the FY 2021-22, aggregating to Rs. 19,95,330 /- which includes tax and penalty aggregating to Rs. 14,05,996/- and Interest of Rs. 5,89,354/- .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

At most 1 complaint open, quarter to Mar 2025.
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
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 Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesDec 2023, checked by CARE RATINGS LIMITED377.50Funding Inorganic growth opportunities and strategic acquisition108.12108.12No
Preferential IssuesDec 2023, checked by CARE RATINGS LIMITED377.50Funding capital expenditure for new Greenfield project of the Company60.0054.85No
Preferential IssuesDec 2023, checked by CARE RATINGS LIMITED377.50Funding capital expenditure for new Greenfield project of the subsidiary Company45.0026.15No
Preferential IssuesDec 2023, checked by CARE RATINGS LIMITED377.50Funding capital expenditure for Brown field project of the Company45.0042.28No
Preferential IssuesDec 2023, checked by CARE RATINGS LIMITED377.50Funding capital expenditure for Brown field project of the subsidiary Company25.0024.82No
Preferential IssuesDec 2023, checked by CARE RATINGS LIMITED377.50General Corporate purpose90.8874.25No
Preferential IssuesDec 2023, checked by CARE RATINGS LIMITED377.50Total374.00330.47No
₹ 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.