IFB Industries logo

IFB Industries CEO, MD, chairman, board of directors and AGM

NSE: IFBINDBSE: 505726Consumer DurablesSmall Cap

Last close ₹1,051.90down ₹37.90 (3.48%)BSE ₹1,052.20

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,089.80.

52-week range of traded prices to 23 Oct 2026
₹883.20Low, 30 Mar 2026₹2,019.80High, 31 Oct 2025
Market cap
₹4,262 Cr802nd largest listed
P/E
26.6
P/B
4.3
Dividend yield
Nonein the last 12 months
ROE
17.5%
ROCE
21.7%
Debt to equity
0.02
Volume, NSE
56,45051.6% delivered

IFB Industries 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

  • ChairpersonBIKRAMJIT NAG
  • Managing director and CEOSANDEEP JOSEPH ABRAHAM
  • Company Secretary and Compliance OfficerRitesh Agarwal

13 directors7 independent5 executive1 non-executive

  • BIKRAMJIT NAG · ChairpersonExecutive · joined Oct 2008 · reappointed Dec 2022 · 2 listed boards
  • SUDIP BANERJEENon-executive · joined Jul 2012 · reappointed Jul 2022 · 1 listed board
  • CHACKO JOSEPHIndependent · joined Nov 2019 · reappointed Jul 2022 · 82 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • AMAR SINGH NEGIExecutive · joined Oct 2020 · reappointed Jul 2025 · 1 listed board · 1 committee seat
  • DESH RAJ DOGRAIndependent · joined Feb 2021 · reappointed Mar 2022 · 68 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 2 as chair
  • COLLEGAL SRINIVASAN GOVINDARAJExecutive · joined Oct 2024 · 1 listed board
  • SREEDEVI PILLAIIndependent · joined Jan 2025 · reappointed Jan 2026 · 20 months as independent · 3 listed boards · 3 as independent · 7 committee seats
  • SUBIR CHAKRABORTYIndependent · joined Jan 2026 · 8 months as independent · 2 listed boards · 2 as independent · 2 committee seats
  • SAURAV ADHIKARIIndependent · joined Jan 2026 · 8 months as independent · 4 listed boards · 3 as independent · 5 committee seats, 2 as chair
  • TARUN KUMAR DAGAIndependent · joined Feb 2026 · 8 months as independent · 1 listed board · 1 as independent
  • ARUP DASExecutive · joined Apr 2026 · 1 listed board
  • MANOJ KUMAR VIJAYIndependent · joined Apr 2026 · 5 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
  • SANDEEP JOSEPH ABRAHAM · Managing director and CEOExecutive · joined Apr 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.

6 directors who left
  • ASHOK BHANDARI, left 3 Aug 2026: Others
  • PANAMANNA HARIHARAN NARAYANAN, left 1 Apr 2026: Others
  • BISWADIP GUPTA, left 9 Feb 2026: Tenure Completion
  • RAHUL CHOUDHURI, left 27 Jul 2025: Tenure Completion
  • SANGEETA SHANKARAN SUMESH, left 29 Jan 2025: Tenure Completion
  • RAJSHANKAR RAY, left 12 Oct 2024: Others

Committees and meetings

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

  • Board

    • 6 Aug 202613 of 13 present7 independent · 72 days in between
    • 25 May 202614 of 14 present7 independent · 43 days in between
    • 11 Apr 202614 of 14 present7 independent · 1 day in between
    • 9 Apr 202612 of 12 present6 independent

  • Audit Committee

    Chair CHACKO JOSEPH

    DESH RAJ DOGRA, SREEDEVI PILLAI

    • 25 Sep 20263 of 3 present3 independent · 49 days in between
    • 6 Aug 20263 of 3 present3 independent · 72 days in between
    • 25 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair DESH RAJ DOGRA

    SUDIP BANERJEE, SREEDEVI PILLAI

    • 23 May 20263 of 3 present2 independent · 43 days in between
    • 9 Apr 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair DESH RAJ DOGRA

    AMAR SINGH NEGI, CHACKO JOSEPH

    • 27 Aug 20263 of 3 present2 independent · 58 days in between
    • 29 Jun 20263 of 3 present1 independent · 52 days in between
    • 7 May 20263 of 3 present1 independent

  • Risk Management Committee

    Chair CHACKO JOSEPH

    DESH RAJ DOGRA, TARUN KUMAR DAGA, SANDEEP JOSEPH ABRAHAM, ARUP DAS, SOUMITRA GOSWAMI

    • 25 May 20264 of 4 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 Jun 2026.

  • Price Waterhouse & Co Chartered Accountants LLPPeer-review certificate valid to Nov 2026
1 earlier auditor
  • PRICE WATERHOUSE and CO CHARTERED ACCOUNTANTS 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.

IFB Industries 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.IFB Industries share news and announcements

Annual general meeting, 29 Jul 2026

35,734 shareholders on the register on 22 Jul 2026; present: 14 promoters and 78 others; votes counted by Sankar Kumar Patnaik / Patnaik & Patnaik.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the year ended 31st March, 2026, including the audited Balance Sheet as at 31st March, 2026, the Statement of Profit and Loss for the year ended on that date and the reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 80.64% · promoters 100.00% · institutions 83.47% · other public 1.05%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the year ended 31st March, 2026 and the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 80.64% · promoters 100.00% · institutions 83.47% · other public 1.05%

  3. To appoint a Director in place of Mr. Collegal Srinivasan Govindaraj (DIN: 10149022), who retires by rotation and being eligible, offers himself for re-appointment as a Director.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.57%

    Turnout: all 80.64% · promoters 100.00% · institutions 83.47% · other public 1.05%

  4. To appoint a Director in place of Mr. Sudip Banerjee (DIN: 05245757), who retires by rotation and being eligible, offers himself for re-appointment as a Director.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.26% · other public 0.57%

    Turnout: all 80.64% · promoters 100.00% · institutions 83.47% · other public 1.05%

  5. To ratify the remuneration of M/s. Mani & Co., Cost Accountants (Firm Registration No. 000004), Cost Auditors for the financial year ending 31st March, 2027.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 80.64% · promoters 100.00% · institutions 83.47% · other public 1.05%

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, 25 Jun 2026, 5 resolutions

34,108 shareholders on the register on 22 May 2026; votes counted by Atul Kumar Labh / A.K Labh & Co..The company's voting result (opens in a new tab)

  1. To approve the appointment of Mr. Arup Das (DIN: 08417965) as Director.
    Ordinary
    99.75% for0.25% against

    Against: promoters 0.00% · institutions 3.48% · other public 0.16%

    Turnout: all 81.39% · promoters 100.00% · institutions 83.32% · other public 3.79%

  2. To approve the appointment of Mr. Arup Das (DIN: 08417965) as an Executive Director.
    Special
    99.66% for0.34% against

    Against: promoters 0.00% · institutions 4.73% · other public 0.16%

    Turnout: all 81.39% · promoters 100.00% · institutions 83.32% · other public 3.79%

  3. To approve the appointment of Mr. Manoj Kumar Vijay (DIN: 00075792) as an Independent Director.
    Special
    93.94% for6.06% against

    Against: promoters 0.00% · institutions 85.79% · other public 0.16%

    Turnout: all 81.39% · promoters 100.00% · institutions 83.32% · other public 3.79%

  4. To approve the appointment of Mr. Sandeep Joseph Abraham (DIN: 11656222) as Director.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 81.39% · promoters 100.00% · institutions 83.32% · other public 3.79%

  5. To approve the appointment of Mr. Sandeep Joseph Abraham (DIN: 11656222) as Managing Director & Chief Executive Officer.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 81.39% · promoters 100.00% · institutions 83.32% · other public 3.79%

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 Apr 2026, 6 resolutions

33,985 shareholders on the register on 13 Mar 2026; votes counted by Atul Kumar Labh / A.K Labh & Co..The company's voting result (opens in a new tab)

  1. To approve the re-appointment of Mrs. Sreedevi Pillai (DIN: 08944944) for 2nd term as an Independent Director. (Special Resolution)
    Special
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 1.34% · other public 1.80%

    Turnout: all 81.02% · promoters 100.00% · institutions 83.10% · other public 1.12%

  2. To approve the appointment of Mr. Saurav Adhikari (DIN: 08402010) as an Independent Director. (Special Resolution)
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.81%

    Turnout: all 81.02% · promoters 100.00% · institutions 83.10% · other public 1.12%

  3. To approve the appointment of Mr. Subir Chakraborty (DIN: 00130864) as an Independent Director. (Special Resolution)
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.74%

    Turnout: all 81.02% · promoters 100.00% · institutions 83.10% · other public 1.12%

  4. To approve the appointment of Mr. Tarun Kumar Daga (DIN: 01686499) as an Independent Director. (Special Resolution)
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.80%

    Turnout: all 81.02% · promoters 100.00% · institutions 83.10% · other public 1.12%

  5. To approve the appointment of Mr. Ashok Bhandari (DIN: 00012210) as a Non-Executive Non-Independent Director. (Ordinary Resolution)
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 1.34% · other public 1.81%

    Turnout: all 81.02% · promoters 100.00% · institutions 83.10% · other public 1.12%

  6. To ratify the remuneration of M/s. Mani & Co., Cost Accountants (Firm Registration No. 000004), Cost Auditors for the financial year ending 31st March, 2026. (Ordinary Resolution).
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.73%

    Turnout: all 81.02% · promoters 100.00% · institutions 83.10% · other public 1.12%

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, 30 Jul 2025, 8 resolutions

34,294 shareholders on the register on 23 Jul 2025; present: 13 promoters and 130 others; votes counted by Patnaik & Patnaik / S.K Patnaik.The company's voting result (opens in a new tab)

  1. 1 - To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the year ended March 31,2025, including the audited Balance Sheet as at March 31, 2025, the statement of Profit and Loss for the year ended on that date and the reports of the Board of Directors and Auditors’ thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.51% · promoters 100.00% · institutions 85.91% · other public 8.00%

  2. 2 - To receive, consider and adopt Audited Consolidated Financial Statements of the Company for the year ended March 31, 2025 and the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.51% · promoters 100.00% · institutions 85.91% · other public 8.00%

  3. 3 - To appoint a Director in place of Mr. Amar Singh Negi (DIN: 08941850), who retires by rotation and being eligible, offers himself for re-appointment as a Director.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.02%

    Turnout: all 82.51% · promoters 100.00% · institutions 85.91% · other public 8.00%

  4. 4 - To appoint a Director in place of P.H. Narayanan (DIN: 10158148), who retires by rotation and being eligible, offers himself for re-appointment as a Director.
    Ordinary
    99.79% for0.21% against

    Against: promoters 0.00% · institutions 2.82% · other public 0.02%

    Turnout: all 82.51% · promoters 100.00% · institutions 85.91% · other public 8.00%

  5. 5 - To re-appoint Mr. Amar Singh Negi (DIN: 08941850), as an Executive Director for a period of 5 years w.e.f. 30th October. 2025 (Special Resolution).
    Special
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 1.37% · other public 0.02%

    Turnout: all 82.51% · promoters 100.00% · institutions 85.91% · other public 8.00%

  6. 6 - To approve Continuation of Mr. Biswadip Gupta (DIN: 00048258) as a Non-Executive Independent Director beyond the age of 75 Years. (Special Resolution).
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 82.51% · promoters 100.00% · institutions 85.91% · other public 8.00%

  7. 7 - To appoint M/s of M/s. Patnaik and Patnaik, Company Secretaries, having Firm Registration No. P2017WB064500, as Secretarial Auditors of the Company for a period of 5 consecutive years. (Ordinary Resolution).MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 82.51% · promoters 100.00% · institutions 85.91% · other public 8.00%

  8. 8 - To ratify the remuneration of M/s Shome & Banerjee, Cost Accountants (Firm Registration Number -000001) as Cost Auditor of the Company, appointed to conduct the audit of the cost records maintained by the Company for the Financial Year ending March 31, 2026. (Ordinary Resolution).MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 82.51% · promoters 100.00% · institutions 85.91% · other public 8.00%

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, 23 Apr 2025, 1 resolution

36,434 shareholders on the register on 14 Mar 2025; votes counted by Atul Kumar Labh / A.K Labh & Co..The company's voting result (opens in a new tab)

  1. Appointment of Ms. Sridevi Pillai (DIN: 08944944) as an Independent Director of the Company for a term of 1 year with effect from 28.01.2025.
    Special
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 1.10% · other public 0.81%

    Turnout: all 81.77% · promoters 100.00% · institutions 86.29% · other public 1.29%

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 2025, 1 resolution

32,378 shareholders on the register on 13 Dec 2024; votes counted by Atul Kumar Labh / A.K Labh & Co..The company's voting result (opens in a new tab)

  1. Appointement of Mr. Collegal Srinivasan Govindaraj as Executive Director - Manufacturing (HAD) for a period of 3 years from 26th October, 2024.
    Special
    99.20% for0.80% against

    Against: promoters 0.00% · institutions 4.53% · other public 0.01%

    Turnout: all 36.53% · promoters 37.92% · institutions 84.72% · other public 9.74%

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, 29 Jul 2024, 6 resolutions

Present: 13 promoters and 86 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the year ended March 31,2024, including the audited Balance Sheet as at March 31, 2024, the statement of Profit and Loss for the year ended on that date and the reports of the Board of Directors and Auditors’ thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 81.60% · promoters 100.00% · institutions 82.93% · other public 1.32%

  2. To receive, consider and adopt Audited Consolidated Financial Statements of the Company for the year ended March 31, 2024 and the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 81.60% · promoters 100.00% · institutions 82.93% · other public 1.32%

  3. To appoint a Director in place of Mr. Rajshankar Ray (DIN: 03498696), who retires by rotation and being eligible, offers himself for re-appointment as a Director.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 81.60% · promoters 100.00% · institutions 82.93% · other public 1.32%

  4. To appoint a Director in place of Mr. Sudip Banerjee (DIN: 05245757), who retires by rotation and being eligible, offers himself for re-appointment as a Director.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.09% · other public 0.03%

    Turnout: all 81.60% · promoters 100.00% · institutions 82.93% · other public 1.32%

  5. To appoint M/s Price Waterhouse & Co Chartered Accountants LLP, Chartered Accountants, having Firm Registration No. 304026E/E-300009 as Statutory Auditors of the for a period of 5 consecutive years from the conclusion of the 48th Annual General Meeting till the conclusion of the 53rd Annual General Meeting.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 81.60% · promoters 100.00% · institutions 82.93% · other public 1.32%

  6. To ratify the remuneration of M/s Shome & Banerjee, Cost Accountants (Firm Registration Number -000001) as Cost Auditor of the Company, appointed to conduct the audit of the cost records maintained by the Company for the Financial Year ending March 31, 2025.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.25%

    Turnout: all 81.60% · promoters 100.00% · institutions 82.93% · other public 1.32%

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, 27 Apr 2024, 1 resolution

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

  1. APPROVAL OF REDESIGNATION AND APPOINTMENT OF MR. BIKRAMJIT NAG AS THE CHAIRMAN OF THE COMPANY
    SpecialPromoters have an interest in it
    99.75% for0.25% against

    Against: promoters 0.00% · institutions 3.29% · other public 0.33%

    Turnout: all 81.37% · promoters 99.48% · institutions 84.49% · other public 3.44%

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

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 29 Jul 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the year ended 31st March, 2026, including the audited Balance Sheet as at 31st March, 2026, the Statement of Profit and Loss for the year ended on that date and the reports of the Board of Directors and Auditors thereon.MoreLess
    2 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the year ended 31st March, 2026 and the Report of the Auditors thereon.
    2 for0 against
  • To appoint a Director in place of Mr. Collegal Srinivasan Govindaraj (DIN: 10149022), who retires by rotation and being eligible, offers himself for re-appointment as a Director.
    2 for0 against
  • To appoint a Director in place of Mr. Sudip Banerjee (DIN: 05245757), who retires by rotation and being eligible, offers himself for re-appointment as a Director.
    2 for0 against
  • To ratify the remuneration of M/s. Mani & Co., Cost Accountants (Firm Registration No. 000004), Cost Auditors for the financial year ending 31st March, 2027.
    2 for0 against

Mutual fund votes, meeting of 25 Jun 2026, 6 fund houses

  • To approve the appointment of Mr. Arup Das (DIN: 08417965) as Director.
    6 for0 against
  • To approve the appointment of Mr. Arup Das (DIN: 08417965) as an Executive Director.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Appointment proposed for a term of 1 year, which may impact the leadership duties and no specific justification has been provided in the notice.
    • Bandhan Mutual Fund, Groww Mutual FundCompliant with law. No concern identified w.r.t. the merits of the Director. Governance Concern: Appointment proposed for a term of 1 year, which may impact the leadership duties and no specific justification has been provided in the notice.
    • Motilal Oswal Mutual FundAppointment for a period of only 1 year.
    2 for4 against
  • To approve the appointment of Mr. Manoj Kumar Vijay (DIN: 00075792) as an Independent Director.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance concern: Proposed appointe has been associated with the IFB group for more than 10 year, resulting in prolonged association with the Group which may vitiate independence of director.
    • Bandhan Mutual Fund, Groww Mutual FundCompliant with law. Governance concern: Proposed appointe has been associated with the IFB group for more than 10 year, resulting in prolonged association with the Group which may vitiate his independence.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Motilal Oswal Mutual FundProlonged association.
    1 for5 against
  • To approve the appointment of Mr. Sandeep Joseph Abraham (DIN: 11656222) as Director.
    6 for0 against
  • To approve the appointment of Mr. Sandeep Joseph Abraham (DIN: 11656222) as Managing Director & Chief Executive Officer.
    6 for0 against
6 earlier meetings

Mutual fund votes, meeting of 22 Apr 2026, 6 fund houses

  • To approve the re-appointment of Mrs. Sreedevi Pillai (DIN: 08944944) for 2nd term as an Independent Director. (Special Resolution)
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundPrior shareholders’ approval not obtained for re-appointment as an Independent Director;Transparency Concern: Inadequate disclosures with regards to Director’s attendance record during FY 2025-26, which form major portion of the Director’s first term as Independent Director.
    • Bandhan Mutual Fund, Groww Mutual FundNo concern on the merits of the proposed appointee. Non-Compliance w.r.t the Companies Act, 2013: The term of Director has already ended on 28th January, 2026. The eligibility for re-appointment is subject to shareholders’ approval, which must be obtained prior to the completion of the 1st term. As a result, prior approval of the shareholders has not been obtained for her re-appointment as an Independent Director, making the proposed re-appointment non-compliant. Transparency Concern: Inadequate disclosures w.r.t Director’s attendance record during FY 2025-26, which form major portion of the Director’s first term as ID.
    • Motilal Oswal Mutual FundPrior shareholders’ approval not obtained for reappointment as an ID; Inadequate disclosures w.r.t past attendance to make informed decision
    2 for4 against
  • To approve the appointment of Mr. Saurav Adhikari (DIN: 08402010) as an Independent Director. (Special Resolution)
    6 for0 against
  • To approve the appointment of Mr. Subir Chakraborty (DIN: 00130864) as an Independent Director. (Special Resolution)
    6 for0 against
  • To approve the appointment of Mr. Tarun Kumar Daga (DIN: 01686499) as an Independent Director. (Special Resolution)
    6 for0 against
  • To approve the appointment of Mr. Ashok Bhandari (DIN: 00012210) as a Non-Executive Non-Independent Director. (Ordinary Resolution)
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: No cooling off period served after completion of term as an Independent Director and transition to Non-Independent Director.
    • Bandhan Mutual Fund, Groww Mutual FundCompliant with law. No concern identified on the merit of proposed director. Governance Concern: No cooling off period served after completion of term as an ID and transition to Non-Independent Director.
    • Motilal Oswal Mutual FundNo cooling off period served before ID to NED transition.
    2 for4 against
  • To ratify the remuneration of M/s. Mani & Co., Cost Accountants (Firm Registration No. 000004), Cost Auditors for the financial year ending 31st March, 2026. (Ordinary Resolution).
    6 for0 against

Mutual fund votes, meeting of 30 Jul 2025, 6 fund houses

  • 1 - To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the year ended March 31,2025, including the audited Balance Sheet as at March 31, 2025, the statement of Profit and Loss for the year ended on that date and the reports of the Board of Directors and Auditors’ thereon.MoreLess
    6 for0 against
  • 2 - To receive, consider and adopt Audited Consolidated Financial Statements of the Company for the year ended March 31, 2025 and the Report of the Auditors thereon.
    6 for0 against
  • 3 - To appoint a Director in place of Mr. Amar Singh Negi (DIN: 08941850), who retires by rotation and being eligible, offers himself for re-appointment as a Director.
    6 for0 against
  • 4 - To appoint a Director in place of P.H. Narayanan (DIN: 10158148), who retires by rotation and being eligible, offers himself for re-appointment as a Director.
    6 for0 against
  • 5 - To re-appoint Mr. Amar Singh Negi (DIN: 08941850), as an Executive Director for a period of 5 years w.e.f. 30th October. 2025 (Special Resolution).
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundThe explanatory statement does not comprise of a specific justification for continuation beyond the age of 70 years.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on the merits of proposed appointee. Non-Compliant with Section 197(3) of Companies Act, 2014: The explanatory statement does not comprise of a specific justification for continuation beyond the age of 70 years.
    2 for4 against
  • 6 - To approve Continuation of Mr. Biswadip Gupta (DIN: 00048258) as a Non-Executive Independent Director beyond the age of 75 Years. (Special Resolution).
    6 for0 against
  • 7 - To appoint M/s of M/s. Patnaik and Patnaik, Company Secretaries, having Firm Registration No. P2017WB064500, as Secretarial Auditors of the Company for a period of 5 consecutive years. (Ordinary Resolution).MoreLess
    6 for0 against
  • 8 - To ratify the remuneration of M/s Shome & Banerjee, Cost Accountants (Firm Registration Number -000001) as Cost Auditor of the Company, appointed to conduct the audit of the cost records maintained by the Company for the Financial Year ending March 31, 2026. (Ordinary Resolution).MoreLess
    6 for0 against

Mutual fund votes, meeting of 23 Apr 2025, 6 fund houses

  • Appointment of Ms. Sridevi Pillai (DIN: 08944944) as an Independent Director of the Company for a term of 1 year with effect from 28.01.2025.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundNon-Compliant with SEBI LODR & Companies Act, 2013: Terms and Conditions of appointment of proposed appointee not disclosed on the website of the Company. And Governance concern: Appointment as an Independent Director for a period of only one year.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on the merit of proposed appointee. Non-Compliant with SEBI LODR & Companies Act, 2013: Terms and Conditions of appointment of proposed appointee not disclosed on the website of the Company. Governance concern: Appointment as an ID for a period of only one year.
    2 for4 against

Mutual fund votes, meeting of 22 Jan 2025, 5 fund houses

  • Appointement of Mr. Collegal Srinivasan Govindaraj as Executive Director - Manufacturing (HAD) for a period of 3 years from 26th October, 2024.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual FundNo concern on merit of proposed appointee. Board is Non-Compliant with Section 152(6) of Companies Act: The Company does not have required retiring directors on the Board.
    • Motilal Oswal Mutual Fund"No concern on merit of proposed appointee. Board is Non-Compliant with Section 152(6) of Companies Act: The Company does not have required retiring directors on the Board."
    2 for3 against

Mutual fund votes, meeting of 29 Jul 2024, 4 fund houses

  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the year ended March 31,2024, including the audited Balance Sheet as at March 31, 2024, the statement of Profit and Loss for the year ended on that date and the reports of the Board of Directors and Auditors’ thereon.MoreLess
    4 for0 against
  • To receive, consider and adopt Audited Consolidated Financial Statements of the Company for the year ended March 31, 2024 and the Report of the Auditors thereon.
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundUnqualified Financial Statements. Non-Compliant with Companies Act, 2013 & SEBI LODR Regulations: The Company has not disclosed financials of subsidiary for FY 2023-24 on its website.
    2 for2 against
  • To appoint a Director in place of Mr. Rajshankar Ray (DIN: 03498696), who retires by rotation and being eligible, offers himself for re-appointment as a Director.
    4 for0 against
  • To appoint a Director in place of Mr. Sudip Banerjee (DIN: 05245757), who retires by rotation and being eligible, offers himself for re-appointment as a Director.
    4 for0 against
  • To appoint M/s Price Waterhouse & Co Chartered Accountants LLP, Chartered Accountants, having Firm Registration No. 304026E/E-300009 as Statutory Auditors of the for a period of 5 consecutive years from the conclusion of the 48th Annual General Meeting till the conclusion of the 53rd Annual General Meeting.MoreLess
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundAppointment compliant with law. Governance concern: No adequate justification for the Material changes in the Audit remuneration.
    2 for2 against
  • To ratify the remuneration of M/s Shome & Banerjee, Cost Accountants (Firm Registration Number -000001) as Cost Auditor of the Company, appointed to conduct the audit of the cost records maintained by the Company for the Financial Year ending March 31, 2025.MoreLess
    4 for0 against

Mutual fund votes, meeting of 27 Apr 2024, 4 fund houses

  • APPROVAL OF REDESIGNATION AND APPOINTMENT OF MR. BIKRAMJIT NAG AS THE CHAIRMAN OF THE COMPANY
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance Concern: Holding positions of Board Chairperson and Executive Director may lead to concentration of power in the hands of a single person. Holds 2 full-time positions
    1 for2 against

    1 abstained

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

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
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.