Huhtamaki India MD, chairman, board of directors and AGM
NSE: HUHTAMAKIBSE: 509820Industrial ProductsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹225.02.
- Next results date: the board meets on 27 Oct 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.
- ₹1,598 Cr1,340th 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 21 Jul 2026
- 11.7
- 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 21 Jul 2026
- 1.2
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.95%
- 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 21 Jul 2026
- 10.6%
- 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 21 Jul 2026
- 11.0%
- 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 Jun 2026. The filing of 21 Jul 2026
- 0.08
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 2,49,86947.5% delivered
Huhtamaki India board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonMurali Sivaraman
- Managing directorKamal Taneja
- Company Secretary and Compliance OfficerAKANKSHA KANDOI
8 directors3 independent3 executive2 non-executive
- Murali Sivaraman · ChairpersonIndependent · joined Jan 2019 · reappointed Jan 2024 · 93 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 2 as chair
- Ashok Kumar BaratIndependent · joined Apr 2020 · reappointed Apr 2025 · 78 months as independent · 7 listed boards · 7 as independent · 8 committee seats, 5 as chair
- Seema ModiIndependent · joined Jan 2020 · reappointed Jan 2025 · 81 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Kamal Taneja · Managing directorExecutive · joined Jan 2026 · 1 listed board · 1 committee seat
- Axel GladeNon-executive · joined Oct 2025 · 1 listed board
- Thomas GeustNon-executive · joined Nov 2025 · 1 listed board
- Vinit MahadevanExecutive · joined Mar 2026 · 1 listed board · 1 committee seat
- Ramya MohanExecutive · joined Mar 2026 · 1 listed board
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
5 directors who left
- Sami Pauni, left 24 Jan 2026: Others
- Dhananjay Salunkhe, left 15 Jan 2026: Others
- Jagdish Agarwal, left 1 Dec 2025: Others
- Stefan Lotz, left 9 Jun 2025: Others
- Marco Hilty, left 31 Jan 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 19 Aug 20268 of 8 present3 independent · 28 days in between
- 21 Jul 20268 of 8 present3 independent · 32 days in between
- 18 Jun 20267 of 8 present3 independent · 36 days in between
- 12 May 20268 of 8 present3 independent · 14 days in between
1 earlier meeting
- 27 Apr 20268 of 8 present3 independent
Audit Committee
Chair Ashok Kumar Barat
Murali Sivaraman, Seema Modi, Vinit Mahadevan
- 17 Sep 20262 of 4 present2 independent · 40 days in between
- 7 Aug 20264 of 4 present3 independent · 16 days in between
- 21 Jul 20264 of 4 present3 independent · 69 days in between
- 12 May 20263 of 3 present3 independent · 14 days in between
1 earlier meeting
- 27 Apr 20263 of 3 present3 independent
Nomination and remuneration committee
Chair Seema Modi
Murali Sivaraman, Axel Glade
- 7 Aug 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Seema Modi
Murali Sivaraman, Kamal Taneja
No meeting listed in the filing.
Risk Management Committee
Chair Ashok Kumar Barat
Seema Modi, Kamal Taneja, Vinit Mahadevan
- 7 Aug 20264 of 4 present2 independent
Corporate Social Responsibility Committee
Chair Murali Sivaraman
Kamal Taneja, Axel Glade, Ramya Mohan
No meeting listed in the filing.
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 Dec 2025.
- BSR and Co LLPPeer-review certificate valid to Jul 2028
1 earlier auditor
- BSR & 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.
Huhtamaki India 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.Huhtamaki India dividend history
Annual general meeting, 8 May 2026
36,550 shareholders on the register on 1 May 2026; present: 1 promoter and 54 others; votes counted by Malati Kumar / S. N. ANANTHASUBRAMANIAN & Co.The company's voting result (opens in a new tab)
To consider and adopt the audited financial statements of the Company for the financial year ended December 31, 2025, including the Balance Sheet and the statement of Profit and Loss for the year ended on that date along with the reports of the Board of Directors and Auditors.MoreLess
Ordinary99.98% for0.02% againstAgainst: promoters 0.00% · institutions 0.00% · other public 5.22%
Turnout: all 69.36% · promoters 100.00% · institutions 62.26% · other public 1.01%
- To declare dividend on equity shares for the financial year ended December 31, 2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 69.36% · promoters 100.00% · institutions 62.44% · other public 1.01%
- To appoint a director in place of Mr. Axel Glade (DIN: 10780455), who retires by rotation, and being eligible, offers himself for re-appointment.Ordinary99.96% for0.04% against
Against: promoters 0.00% · institutions 1.77% · other public 1.36%
Turnout: all 69.36% · promoters 100.00% · institutions 62.44% · other public 1.01%
- Appointment of Ms. Ramya Mohan (DIN: 11593706) as a Director and Whole-time Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.82%
Turnout: all 69.36% · promoters 100.00% · institutions 62.44% · other public 1.01%
- Appointment of Mr. Vinit Mahadevan (DIN: 11588535) as a Director and Whole-time Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.87%
Turnout: all 69.36% · promoters 100.00% · institutions 62.44% · other public 1.01%
- Ratification of the remuneration payable to the Cost Auditors of the Company for the Financial Year ending December 31, 2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.82%
Turnout: all 69.36% · promoters 100.00% · institutions 62.44% · other public 1.01%
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 Jan 2026, 3 resolutions
36,561 shareholders on the register on 28 Nov 2025; votes counted by S. N. Viswanathan / S. N. Ananthasubramanian & Co..The company's voting result (opens in a new tab)
- Appointment of Mr. Kamal Taneja (DIN : 08063619) as a Director and Managing Director of the Company.Special99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 14.81%
Turnout: all 69.22% · promoters 100.00% · institutions 56.16% · other public 0.56%
- Appointment of Mr. Axel Glade (DIN: 10780455) as Non-Executive Non-Independent Director.Ordinary99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 16.23%
Turnout: all 69.22% · promoters 100.00% · institutions 56.16% · other public 0.56%
- Appointment of Mr. Thomas Geust (DIN: 07108367) as Non-Executive Non-Independent Director.Ordinary99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 16.23%
Turnout: all 69.22% · promoters 100.00% · institutions 56.16% · other public 0.56%
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, 8 May 2025, 8 resolutions
36,894 shareholders on the register on 1 May 2025; present: 1 promoter and 72 others; votes counted by Ms.Malati Kumar / S. N. Ananthasubramanian & Co..The company's voting result (opens in a new tab)
To consider and adopt the audited financial statements of the Company for the financial year ended December 31, 2024, including the Balance Sheet and the statement of Profit and Loss for the year ended on that date along with the reports of the Board of Directors and Auditors.MoreLess
Ordinary99.96% for0.04% againstAgainst: promoters 0.00% · institutions 0.00% · other public 18.91%
Turnout: all 69.32% · promoters 100.00% · institutions 71.02% · other public 0.51%
- To declare dividend on equity shares for the financial year ended December 31, 2024.Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 7.78%
Turnout: all 69.33% · promoters 100.00% · institutions 71.21% · other public 0.51%
- To appoint a director in place of Mr. Sami Pauni (DIN: 08112919), who retires by rotation, and being eligible, offers himself for re-appointment.Ordinary97.87% for2.13% against
Against: promoters 0.00% · institutions 100.00% · other public 24.72%
Turnout: all 69.33% · promoters 100.00% · institutions 71.21% · other public 0.50%
- Re-appointment of Mr. Jagdish Agarwal (DIN: 09620815) as a Whole-time Director of the Company.Special98.43% for1.57% against
Against: promoters 0.00% · institutions 73.13% · other public 24.37%
Turnout: all 69.33% · promoters 100.00% · institutions 71.21% · other public 0.51%
- Re-appointment of Mr. Dhananjay Salunkhe (DIN: 09683886) as Managing Director of the Company.Special98.43% for1.57% against
Against: promoters 0.00% · institutions 73.13% · other public 24.37%
Turnout: all 69.33% · promoters 100.00% · institutions 71.21% · other public 0.51%
- Re-appointment of Statutory Auditors.Ordinary98.46% for1.54% against
Against: promoters 0.00% · institutions 73.13% · other public 7.78%
Turnout: all 69.33% · promoters 100.00% · institutions 71.21% · other public 0.51%
- Appointment of Secretarial Auditors.Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 7.78%
Turnout: all 69.33% · promoters 100.00% · institutions 71.21% · other public 0.51%
- Ratification of the remuneration payable to the Cost Auditors of the Company for the Financial Year ending December 31 2025.Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 7.78%
Turnout: all 69.33% · promoters 100.00% · institutions 71.21% · other public 0.51%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 15 Dec 2024, 2 resolutions
The company's voting result (opens in a new tab)
- Re-appointment of Ms. Seema Modi (DIN: 05327073) as an Independent Director of the Company for a second term of 5 years commencing from January 01, 2025.Special99.95% for0.05% against
Against: promoters 0.00% · institutions 1.26% · other public 10.85%
Turnout: all 70.00% · promoters 100.00% · institutions 76.43% · other public 0.31%
- Re-appointment of Mr. Ashok Kumar Barat (DIN: 00492930) as an Independent Director of the Company for a second term of 5 years commencing from April 01, 2025.SpecialPromoters have an interest in it99.74% for0.26% against
Against: promoters 0.00% · institutions 7.73% · other public 11.65%
Turnout: all 70.00% · promoters 100.00% · institutions 76.43% · other public 0.31%
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, 9 May 2024, 6 resolutions
Present: 1 promoter and 57 others.The company's voting result (opens in a new tab)
- 1 - Adoption of audited financial statements for the year ended December 31, 2023.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.18%
Turnout: all 70.35% · promoters 100.00% · institutions 76.85% · other public 2.65%
- 2 - Declaration of dividend for the financial year ended December 31, 2023.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.18%
Turnout: all 70.38% · promoters 100.00% · institutions 77.96% · other public 2.65%
- 3 - Appointment of a Director retiring by rotation.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.18% · other public 0.18%
Turnout: all 70.38% · promoters 100.00% · institutions 77.96% · other public 2.65%
- 4 - Ratification of the remuneration payable to the Cost Auditors of the Company for the Financial Year 2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.18%
Turnout: all 70.38% · promoters 100.00% · institutions 77.96% · other public 2.65%
- 5 - Payment of commission / remuneration to Independent Directors.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.26%
Turnout: all 70.38% · promoters 100.00% · institutions 77.96% · other public 2.65%
- 6 - Shifting of Registered Office of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.19%
Turnout: all 70.38% · promoters 100.00% · institutions 77.96% · other public 2.65%
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, 11 May 2023, 5 resolutions
Present: 1 promoter and 60 others.The company's voting result (opens in a new tab)
- Adoption of the Audited Financial Statements of the Company for the financial year ended December 31, 2022 together with the Reports of the Board and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.48%
Turnout: all 68.44% · promoters 100.00% · institutions 38.89% · other public 0.09%
- Declaration of Dividend on equity shares.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 68.45% · promoters 100.00% · institutions 39.11% · other public 0.09%
- Re-appointment of Mr. Marco Hilty (DIN:09332097) as Non-Executive Director, liable to retire by rotation.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.57%
Turnout: all 68.45% · promoters 100.00% · institutions 39.11% · other public 0.09%
- Payment of remuneration to the Cost Auditor of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 68.45% · promoters 100.00% · institutions 39.11% · other public 0.09%
- Re-appointment of Mr. Murali Sivaraman (DIN: 01461231) as an Independent Director.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 2.06%
Turnout: all 68.45% · promoters 100.00% · institutions 39.11% · other public 0.09%
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, 24 Aug 2022, 2 resolutions
The company's voting result (opens in a new tab)
- Appointment of Mr. Jagdish Agarwal. (DIN: 09620815) as a Whole-time Director of the Company.Special99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 10.80%
Turnout: all 71.08% · promoters 100.00% · institutions 77.09% · other public 0.56%
- Appointment of Mr. Dhananjay Salunkhe (DIN: 09683886) as Managing Director of the Company.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 2.92%
Turnout: all 71.08% · promoters 100.00% · institutions 77.09% · other public 0.56%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 12 May 2022, 10 resolutions
Present: 1 promoter and 43 others.The company's voting result (opens in a new tab)
- Adoption of the Audited Financial Statements of the Company for the financial year ended December 31, 2021 together with the Reports of the Board and Auditors thereon.Ordinary99.90% for0.10% against
Against: promoters 0.00% · institutions 0.00% · other public 24.82%
Turnout: all 71.53% · promoters 100.00% · institutions 79.50% · other public 1.02%
- Declaration of Dividend on equity shares.Ordinary99.90% for0.10% against
Against: promoters 0.00% · institutions 0.00% · other public 24.82%
Turnout: all 71.53% · promoters 100.00% · institutions 79.58% · other public 1.02%
- Re-appointment of Mr. Sami Pauni as (DIN:08112919) as Non-Executive Director, liable to retire by rotation.Ordinary99.90% for0.10% against
Against: promoters 0.00% · institutions 0.00% · other public 25.30%
Turnout: all 71.53% · promoters 100.00% · institutions 79.58% · other public 1.02%
- Alteration in Articles of Association of the Company.Special99.90% for0.10% against
Against: promoters 0.00% · institutions 0.00% · other public 25.53%
Turnout: all 71.53% · promoters 100.00% · institutions 79.58% · other public 1.02%
- Payment of Commission to Independent Directors.Ordinary99.90% for0.10% against
Against: promoters 0.00% · institutions 0.00% · other public 26.26%
Turnout: all 71.53% · promoters 100.00% · institutions 79.58% · other public 1.02%
- Ratification of remuneration paid to Mr. Sudip Mall (DIN: 01681697) as Managing Director.Special99.90% for0.10% against
Against: promoters 0.00% · institutions 0.00% · other public 26.04%
Turnout: all 71.53% · promoters 100.00% · institutions 79.58% · other public 1.02%
- Ratification of Remuneration paid to Mr. Ranjeev Lodha (DIN: 07478890) as Executive Director & Chief Financial Officer.Special99.90% for0.10% against
Against: promoters 0.00% · institutions 0.00% · other public 26.08%
Turnout: all 71.53% · promoters 100.00% · institutions 79.58% · other public 1.02%
- Payment of remuneration to the Cost Auditor of the Company.Ordinary99.90% for0.10% against
Against: promoters 0.00% · institutions 0.00% · other public 24.82%
Turnout: all 71.53% · promoters 100.00% · institutions 79.58% · other public 1.02%
- Appointment of Mr. Marco Hilty (DIN: 09332097) as a Non-Executive Director of the Company.Ordinary99.90% for0.10% against
Against: promoters 0.00% · institutions 0.00% · other public 25.15%
Turnout: all 71.53% · promoters 100.00% · institutions 79.58% · other public 1.02%
- Appointment of Mr. Stefan Lotz (DIN : 09511913) as a Non-Executive Director of the Company.Ordinary99.90% for0.10% against
Against: promoters 0.00% · institutions 0.00% · other public 25.23%
Turnout: all 71.53% · promoters 100.00% · institutions 79.58% · other public 1.02%
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 8 May 2026, 2 fund houses
To consider and adopt the audited financial statements of the Company for the financial year ended December 31, 2025, including the Balance Sheet and the statement of Profit and Loss for the year ended on that date along with the reports of the Board of Directors and Auditors.MoreLess
2 for0 against- To declare dividend on equity shares for the financial year ended December 31, 2025.2 for0 against
- To appoint a director in place of Mr. Axel Glade (DIN: 10780455), who retires by rotation, and being eligible, offers himself for re-appointment.2 for0 against
- Appointment of Ms. Ramya Mohan (DIN: 11593706) as a Director and Whole-time Director of the Company.2 for0 against
- Appointment of Mr. Vinit Mahadevan (DIN: 11588535) as a Director and Whole-time Director of the Company2 for0 against
- Ratification of the remuneration payable to the Cost Auditors of the Company for the Financial Year ending December 31, 2026.2 for0 against
Mutual fund votes, meeting of 10 Jan 2026, 3 fund houses
- Appointment of Mr. Kamal Taneja (DIN : 08063619) as a Director and Managing Director of the Company.3 for0 against
- Appointment of Mr. Axel Glade (DIN: 10780455) as Non-Executive Non-Independent Director.3 for0 against
- Appointment of Mr. Thomas Geust (DIN: 07108367) as Non-Executive Non-Independent Director.3 for0 against
3 earlier meetings
Mutual fund votes, meeting of 8 May 2025, 1 fund house
To consider and adopt the audited financial statements of the Company for the financial year ended December 31, 2024, including the Balance Sheet and the statement of Profit and Loss for the year ended on that date along with the reports of the Board of Directors and Auditors.MoreLess
1 for0 against- To declare dividend on equity shares for the financial year ended December 31, 2024.1 for0 against
- To appoint a director in place of Mr. Sami Pauni (DIN: 08112919), who retires by rotation, and being eligible, offers himself for re-appointment.
Against quant Mutual Fund
- quant Mutual FundIn relation to the re-appointment on the Board of Mr Sami Pauni, who retires by rotation. Compliant with the law. No concern identified on the merit of proposed appointee. Governance concern: Proposed appointee is member of NRC and Board is non-compliant with Section 152 of the Companies Act, 2013. As a member of the NRC, he is responsible to recommend individuals to the Board for appointment/ re-appointment and to ensure appropriate succession planning. While the role in the NRC does not explicitly cover ensuring compliance with retirement by rotation provisions, however, NRC is tasked with the duty of recommending directors who are to be appointed or removed. Hence, we are voting against this resolution.
0 for1 against - Re-appointment of Mr. Jagdish Agarwal (DIN: 09620815) as a Whole-time Director of the Company.
Against quant Mutual Fund
- quant Mutual FundRegarding the Re-appointment of Mr Jagdish Agarwal on the Board and of Mr Dhananjay Salunkhe as MD of the company. No concern on the merits of the proposed appointees. As stated earlier, the Company's Board is currently non-compliant with the provisions of Section 152 of the Companies Act, 2013, as there are only 2 out of 4 Directors liable to retire by rotation, as against the requirement of 2/3rd retiring directorship. The notice does not specify whether re-appointments of Mr Agarwal as WTD and of Mr Dhananjay Salunkhe as MD are subject to retirement by rotation or not and WTDs were not made to retire by rotation in the past. Hence, their office has been considered as non-retiring. Hence, we are voting against the resolutions.
0 for1 against - Re-appointment of Mr. Dhananjay Salunkhe (DIN: 09683886) as Managing Director of the Company.
Against quant Mutual Fund
- quant Mutual FundRegarding the Re-appointment of Mr Jagdish Agarwal on the Board and of Mr Dhananjay Salunkhe as MD of the company. No concern on the merits of the proposed appointees. As stated earlier, the Company's Board is currently non-compliant with the provisions of Section 152 of the Companies Act, 2013, as there are only 2 out of 4 Directors liable to retire by rotation, as against the requirement of 2/3rd retiring directorship. The notice does not specify whether re-appointments of Mr Agarwal as WTD and of Mr Dhananjay Salunkhe as MD are subject to retirement by rotation or not and WTDs were not made to retire by rotation in the past. Hence, their office has been considered as non-retiring. Hence, we are voting against the resolutions.
0 for1 against - Re-appointment of Statutory Auditors.
Against quant Mutual Fund
- quant Mutual FundNo issues on merits of the proposed statutory auditors. Non-compliant with Regulation 36(5) of SEBI LODR: Proposed audit fee payable to Statutory Auditors is not disclosed.
0 for1 against - Appointment of Secretarial Auditors.1 for0 against
- Ratification of the remuneration payable to the Cost Auditors of the Company for the Financial Year ending December 31 2025.1 for0 against
Mutual fund votes, meeting of 15 Dec 2024, 1 fund house
1. Re-appointment of Ms. Seema Modi (DIN: 05327073) as an Independent Director of the Company for a second term of 5 years commencing from January 01, 2025. 2. Re-appointment of Mr. Ashok Kumar Barat (DIN: 00492930) as an Independent Director of the Company for a second term of 5 years commencing from April 01, 2025.MoreLess
1 for0 against
Mutual fund votes, meeting of 9 May 2024, 1 fund house
- 1 - Adoption of audited financial statements for the year ended December 31, 2023.1 for0 against
- 2 - Declaration of dividend for the financial year ended December 31, 2023.1 for0 against
- 3 - Appointment of a Director retiring by rotation.1 for0 against
- 4 - Ratification of the remuneration payable to the Cost Auditors of the Company for the Financial Year 2024.1 for0 against
- 5 - Payment of commission / remuneration to Independent Directors.1 for0 against
- 6 - Shifting of Registered Office of the Company.1 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines and tax disputes
Reported in the filing for the quarter to Sep 2026.
- Fine or penaltyCommissioner of Customs, Air Cargo Complex (ACC), MumbaiSince 14 Jul 2026
Fine imposed due to delay in submission of documents.
No order received. The amount towards fine was levied on the Bill of Entry dated 14.07.2026 on account of delay in submission of documents - Fine or penaltyCommissioner of Customs (Nhava Sheva)Since 19 Sep 2026
Fine imposed due to delay in submission of documents.
No order received. The amount towards fine was levied on the Bill of Entry dated 19.09.2026 on account of delay in submission of documents - Fine or penaltyCommissioner of Customs (Nhava Sheva)Since 23 Sep 2026
Fine imposed due to delay in submission of documents.
No order received. The amount towards fine was levied on the Bill of Entries dated 23.09.2026 on account of delay in submission of documents - Fine or penaltyCommissioner of Customs (Nhava Sheva)Since 24 Sep 2026
`Fine imposed due to delay in submission of documents.
No order received. The amount towards fine was levied on the Bill of Entry dated 24.09.2026 on account of delay in submission of documents - Fine or penaltyJoint Commissioner of Customs, Nhava ShevaSince 7 Sep 2026
Redemption Fine and penalty imposed on account of non- registration of imported goods under Paper Import Monitoring System (PIMS)
Order in Original dated September 3, 2026 passed by the Joint Commissioner of Customs, Nhava Sheva imposing Redemption Fine of Rs.2,00,000/- and penalty of Rs.50,000/- towards alleged non- registration of imported goods under Paper Import Monitoring System (PIMS).MoreLess
- Tax disputeJurisdicitional Income Tax OfficerSince 23 Jan 2020The matter is still pending and there is no change.
At the filing before: Period - FY 2016-17 Issue - The Income Tax Assessing Officer passed an Order after reducing 35(2AB) Claim and reduction of Tax Depreciation as claimed by the Company. In addition, Tax Credits were short granted by the Officer. The Company has filed an Appeal with National Faceless Appeal Center and same is pending. Quantum of Claims - Rs. 401 MnMoreLess
- Tax disputeCommissioner of Central ExciseSince 3 Jul 2021The matter is still pending and there is no change.
At the filing before: Period - FY 2015-16,FY 2016-17 and Apr 2017-Jun 2017 Issue - Non-Inclusion of Freight charged to customers in the assessable value for determination of Excise Duty liability in respect of Ex-Works Sales. The jursidrictional office demanded the differential Excise Duty considering inclusion of outward Freight in the Assessable value along with applicable Penalty. The Company has filed an Appeal with CESTAT in respect of the same and awaits the hearing. Quantum of Claims - Rs. 172 MnMoreLess
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
- 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
- Yes
- 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.