Igarashi Motors India logo

Igarashi Motors India MD, chairman, board of directors and AGM

NSE: IGARASHIBSE: 517380Auto ComponentsSmall Cap

Formerly CG Igarshi Motors
Last close ₹354.05down ₹12.00 (3.28%)BSE ₹355.90

Share price at the NSE close on 23 Oct 2026. Previous close ₹366.05.

52-week range of traded prices to 23 Oct 2026
₹271.05Low, 30 Mar 2026₹537.90High, 6 Aug 2026
Market cap
₹1,114 Cr1,390th largest listed
P/E
67.9
P/B
2.4
Dividend yield
0.37%
ROE
3.5%
ROCE
4.8%
Debt to equity
0.28
Volume, NSE
51,43839.8% delivered

Igarashi Motors 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

  • ChairpersonHEMANT NERURKAR MADHUSUDAN
  • Managing directorRAJAGOPAL CHANDRASEKARAN
  • Company Secretary and Compliance OfficerP Dinakara Babu

6 directors2 independent1 executive3 non-executive

  • HEMANT NERURKAR MADHUSUDAN · ChairpersonNon-executive · joined Jun 2014 · reappointed Aug 2025 · 3 listed boards · 2 as independent · 6 committee seats, 3 as chair
  • RAJAGOPAL CHANDRASEKARAN · Managing directorExecutive · joined Oct 2019 · reappointed Oct 2022 · 1 listed board
  • VINODHINI SENDHIL MANIANIndependent · joined Apr 2020 · reappointed Apr 2025 · 78 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
  • RAMKUMAR LAKSHMINARAYANANIndependent · joined Jul 2020 · reappointed Jul 2025 · 74 months as independent · 3 listed boards · 3 as independent · 3 committee seats, 2 as chair
  • HARUO IGARASHINon-executive · joined May 2022 · reappointed Aug 2026 · 1 listed board
  • THOMAS FRANCIS MCKEOUGHNon-executive · joined May 2022 · reappointed Aug 2024 · 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.

Committees and meetings

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

  • Board

    • 6 Aug 20266 of 6 present2 independent · 76 days in between
    • 21 May 20266 of 6 present2 independent

  • Audit Committee

    Chair RAMKUMAR LAKSHMINARAYANAN

    VINODHINI SENDHIL MANIAN, HEMANT NERURKAR MADHUSUDAN

    • 6 Aug 20263 of 3 present2 independent · 76 days in between
    • 21 May 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair RAMKUMAR LAKSHMINARAYANAN

    VINODHINI SENDHIL MANIAN, HEMANT NERURKAR MADHUSUDAN

    • 6 Aug 20263 of 3 present2 independent · 76 days in between
    • 21 May 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair VINODHINI SENDHIL MANIAN

    RAMKUMAR LAKSHMINARAYANAN, HEMANT NERURKAR MADHUSUDAN

    • 6 Aug 20263 of 3 present2 independent · 76 days in between
    • 21 May 20263 of 3 present2 independent

  • Risk Management Committee

    Chair HEMANT NERURKAR MADHUSUDAN

    RAMKUMAR LAKSHMINARAYANAN, VINODHINI SENDHIL MANIAN, RAJAGOPAL CHANDRASEKARAN

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair HEMANT NERURKAR MADHUSUDAN

    RAMKUMAR LAKSHMINARAYANAN, VINODHINI SENDHIL MANIAN, RAJAGOPAL CHANDRASEKARAN

    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 Mar 2026.

  • B S R & CO. LLPPeer-review certificate valid to Jul 2028

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.

Igarashi Motors 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.Igarashi Motors India dividend history

Annual general meeting, 7 Aug 2026

28,217 shareholders on the register on 31 Jul 2026; present: 3 promoters and 75 others; votes counted by Prabhakar Chandrasekaran / BP & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31, 2026, and the Reports of the Board of Directors’ and Auditor’s Report thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.54% · promoters 100.00% · institutions 87.74% · other public 4.75%

  2. Approval for payment of final Dividend of Rs. 1.30/- per Equity Share
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 79.54% · promoters 100.00% · institutions 87.74% · other public 4.75%

  3. Appointment of Mr. Haruo Igarashi, [DIN 08587832], who retires by rotation and being eligible, seeks re-appointment
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.54% · promoters 100.00% · institutions 87.74% · other public 4.75%

  4. Approval for Material Related Party Transactions with Igarashi Electric Works Limited, Japan – operational transaction
    OrdinaryPromoters have an interest in it
    99.58% for0.42% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.94%

    Turnout: all 4.54% · promoters 0.00% · institutions 87.74% · other public 4.75%

  5. Approval of remuneration to Related Party holding Office or Place of Profit
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.54% · promoters 100.00% · institutions 87.74% · other public 4.74%

  6. Ratification of remuneration payable to M/s. B Y & Associates,Cost Auditors of the Company for the Financial Year 2026-27
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.54% · promoters 100.00% · institutions 87.74% · other public 4.75%

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 Aug 2025, 9 resolutions

25,908 shareholders on the register on 31 Jul 2025; present: 3 promoters and 78 others; votes counted by Prabhakar Chandrasekaran / BP & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31, 2025, and the Reports of the Board of Directors’ and Auditor’s Report thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.03%

    Turnout: all 77.93% · promoters 100.00% · institutions 25.21% · other public 9.89%

  2. Approval for payment of final Dividend of Rs. 2.50/- per Equity Share
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.03%

    Turnout: all 77.93% · promoters 100.00% · institutions 25.21% · other public 9.89%

  3. Appointment of Mr. Hemant M Nerurkar, [DIN 00265887], who retires by rotation and being eligible, seeks re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.05%

    Turnout: all 77.93% · promoters 100.00% · institutions 25.21% · other public 9.89%

  4. Approval for Material Related Party Transactions with Igarashi Electric Works Limited, Japan – operational transaction
    OrdinaryPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.05%

    Turnout: all 2.93% · promoters 0.00% · institutions 25.21% · other public 9.89%

  5. To approve payment of remuneration to Mr. R Chandrasekaran, Managing Director for a period of two years from October 01, 2025 to September 30,2027.
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 7.93% · other public 0.05%

    Turnout: all 77.93% · promoters 100.00% · institutions 25.21% · other public 9.89%

  6. Re-appointment of Mr. L Ramkumar [DIN: 00090089] as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.05%

    Turnout: all 77.93% · promoters 100.00% · institutions 25.21% · other public 9.89%

  7. Appointment of Secretarial Auditor for five Financial Years from 2025-26 to 2029-30
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.93% · promoters 100.00% · institutions 25.21% · other public 9.89%

  8. To approve the payment of remuneration to Non-Executive directors
    Special
    99.12% for0.88% against

    Against: promoters 0.00% · institutions 92.05% · other public 0.06%

    Turnout: all 79.69% · promoters 100.00% · institutions 100.00% · other public 9.89%

  9. Ratification of remuneration payable to M/s. B Y & Associates, Cost Auditors of the Company for the Financial Year 2025-26
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 79.69% · promoters 100.00% · institutions 100.00% · other public 9.89%

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 Mar 2025, 1 resolution

26,142 shareholders on the register on 14 Feb 2025; votes counted by C. Prabhakar / BP & Associates.The company's voting result (opens in a new tab)

  1. Re-Appointment of Mrs. Vinodhini Sendhil Manian [DIN: 08719578] as an Independent Woman Director.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.47%

    Turnout: all 75.73% · promoters 100.00% · institutions 18.71% · other public 0.40%

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 Aug 2024, 5 resolutions

Present: 3 promoters and 83 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31, 2024, and the Reports of the Board of Directors’ and Auditor’s Report thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.88% · promoters 100.00% · institutions 16.67% · other public 6.44%

  2. Approval for payment of final Dividend of Rs. 1.00/- per Equity Share
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.88% · promoters 100.00% · institutions 16.67% · other public 6.44%

  3. Appointment of Mr. Thomas Francis McKeough, (DIN 09510485), who retires by rotation and being eligible, seeks re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.88% · promoters 100.00% · institutions 16.67% · other public 6.44%

  4. Approval for Material Related Party Transactions with Igarashi Electric Works Limited, Japan – operational transaction
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 1.88% · promoters 0.00% · institutions 16.67% · other public 6.44%

  5. Ratification of remuneration payable to M/s. B Y and Associates, Cost Auditors of the Company for the Financial Year 2024-25.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.88% · promoters 100.00% · institutions 16.67% · other public 6.44%

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.

Annual general meeting, 9 Aug 2023, 5 resolutions

Present: 3 promoters and 89 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31, 2023, and the Reports of the Board of Directors’ and Auditor’s Report thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.56% · promoters 100.00% · institutions 51.16% · other public 1.27%

  2. Approval for payment of final Dividend of Rs. 1.00/- per Equity Share
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.56% · promoters 100.00% · institutions 51.16% · other public 1.27%

  3. Appointment of Mr. Haruo Igarashi (DIN 08587832), who retires by rotation and being eligible, seeks re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 76.56% · promoters 100.00% · institutions 51.16% · other public 1.27%

  4. Approval for Material Related Party Transactions.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 1.56% · promoters 0.00% · institutions 51.16% · other public 1.27%

  5. Ratification of remuneration payable to M/s. B Y and Associates, Cost Auditors of the Company for the Financial Year 2023-24.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.56% · promoters 100.00% · institutions 51.16% · other public 1.27%

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, 10 Aug 2022, 8 resolutions

Present: 3 promoters and 91 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31,2022, and the Reports of the Board of Directors and Auditor’s Report thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.84% · promoters 100.00% · institutions 49.28% · other public 0.62%

  2. Appointment of Mr. Hemant M Nerurkar (DIN 00265887), who retires by rotation and being eligible, seeks re-appointment.
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 7.67% · other public 4.18%

    Turnout: all 75.84% · promoters 100.00% · institutions 49.28% · other public 0.62%

  3. Re-appointment of M/s. B S R & Co. LLP, Chartered Accountants as the Statutory Auditors of the Company
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.41%

    Turnout: all 75.84% · promoters 100.00% · institutions 49.28% · other public 0.62%

  4. Re-appointment of Mr. R Chandrasekaran (DIN 00012643) as Managing Director for a period of Five years from October 01, 2022 to September 30, 2027 and fixing remuneration for a period of three years from October 01, 2022 to September 30, 2025.MoreLess
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 7.67% · other public 5.22%

    Turnout: all 75.84% · promoters 100.00% · institutions 49.28% · other public 0.62%

  5. Appointment of Mr. Haruo Igarashi (DIN: 08587832) as Director
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 7.67% · other public 1.32%

    Turnout: all 75.84% · promoters 100.00% · institutions 49.28% · other public 0.62%

  6. Appointment of Mr. Thomas Francis Mckeough (DIN:09510485) as Director
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 7.67% · other public 2.54%

    Turnout: all 75.84% · promoters 100.00% · institutions 49.28% · other public 0.62%

  7. Approval for Material Related Party Transactions
    OrdinaryPromoters have an interest in it
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.35%

    Turnout: all 0.84% · promoters 0.00% · institutions 49.28% · other public 0.62%

  8. Ratification of Remuneration Payable to M/s. B Y & Associates, Cost Auditors of the Company for the Financial Year 2022-23
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.61%

    Turnout: all 75.84% · promoters 100.00% · institutions 49.28% · other public 0.62%

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 Aug 2021, 3 resolutions

Present: 3 promoters and 79 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31, 2021, and the Reports of the Board of Directors and Auditor’s Report thereon.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 77.16% · promoters 100.00% · institutions 93.89% · other public 0.29%

  2. To declare a dividend of Rs. 1.50/- per Equity Share for the Financial Year ended March 31, 2021
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 77.17% · promoters 100.00% · institutions 93.89% · other public 0.33%

  3. Mrs. Eva Maria Rosa Schork (DIN 07159550), Director, who retires by rotation, be and is hereby appointed as a non-executive Director of the Company.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.98%

    Turnout: all 76.53% · promoters 100.00% · institutions 65.39% · other public 0.33%

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, 17 Sep 2020, 8 resolutions

Present: 3 promoters and 56 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31, 2020, and the Reports of the Board of Directors and Auditor’s Report thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.09% · promoters 100.00% · institutions 79.05% · other public 0.22%

  2. To declare a final dividend of Rs. 1.20 per equity share for the financial year ended March 31, 2020.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.09% · promoters 100.00% · institutions 79.05% · other public 0.22%

  3. Appointment of Mr. Keiichi Igarashi (DIN: 00356779) who retires by rotation and being eligible, seeks re-appointment.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.18% · other public 2.09%

    Turnout: all 82.09% · promoters 100.00% · institutions 79.05% · other public 0.22%

  4. Appointment of Mrs. SM Vinodhini ( DIN : 08719578) as Independent Woman Director for 5 years
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.08%

    Turnout: all 82.09% · promoters 100.00% · institutions 79.05% · other public 0.22%

  5. Approval of Material Transactions with Crompton Greaves Consumer Electricals Ltd.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.35%

    Turnout: all 7.09% · promoters 0.00% · institutions 79.05% · other public 0.22%

  6. To Amend the Articles of Association for Insertion of Clause- Appointment of Chairman Emeritus
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.59% · other public 2.28%

    Turnout: all 77.18% · promoters 100.00% · institutions 24.05% · other public 0.22%

  7. Appointment of Mr. L Ramkumar ( DIN : 00090089) as Independent Director for 5 years
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.07%

    Turnout: all 82.09% · promoters 100.00% · institutions 79.05% · other public 0.22%

  8. Appointment of Mr. Hemant M Nerurkar (DIN : 00265887) as Director retire by rotation
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.31%

    Turnout: all 82.09% · promoters 100.00% · institutions 79.05% · other public 0.22%

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 Aug 2025, 2 fund houses

  • To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31, 2025, and the Reports of the Board of Directors’ and Auditor’s Report thereon.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundUnqualified Financial Statements (apart from non-material yet important remarks in CARO Report). Governance Concern: Undisputed Statutory dues have remained unpaid for more than 2 years.
    1 for1 against
  • Approval for payment of final Dividend of Rs. 2.50/- per Equity Share
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundSufficient funds available for payment of dividend. Governance Concern raised in adoption of financial statements of the Company under resolution #1; dividend being appropriation post approval of accounts, cannot be paid if accounts are not voted FOR.
    1 for1 against
  • Appointment of Mr. Hemant M Nerurkar, [DIN 00265887], who retires by rotation and being eligible, seeks re-appointment.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern identified on merits of proposed appointee. Non- Compliant with R.17(1A) of SEBI LODR: Re-appointment sought through ordinary resolution for Director who has already attained 75 years of age. No explanatory statement to the resolution.
    1 for1 against
  • Approval for Material Related Party Transactions with Igarashi Electric Works Limited, Japan – operational transaction
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. Transparency Concern: No clarity on how certain transactions proposed related to ‘purchase of fixed assets’ fall within ordinary course of business.
    1 for1 against
  • To approve payment of remuneration to Mr. R Chandrasekaran, Managing Director for a period of two years from October 01, 2025 to September 30,2027.
    2 for0 against
  • Re-appointment of Mr. L Ramkumar [DIN: 00090089] as an Independent Director
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern on the merit of proposed appointee. Non-Compliant with the Companies Act: Prior approval of shareholders not sought for re-appointment as an ID. Governance Concern: Same person appointed as Chairperson of Audit Committee & NRC, may lead to concentration of powers.
    1 for1 against
  • Appointment of Secretarial Auditor for five Financial Years from 2025-26 to 2029-30
    2 for0 against
  • To approve the payment of remuneration to Non-Executive directors
    Against Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund
    • Kotak Mahindra Mutual FundAt the 2014 AGM, shareholders had approved payment of commission to Non-Executive Directors up to 0.5% the net profits for each financial year. The company now seeks to pay commission up to 1% of the net profits for each financial year. The commission will be payable in addition to sitting fees and expenses for attending board and committee meetings. The proposed commission is reasonable and in line with market practices. However, the company has not defined a tenure for payment of commission and the resolution is effectively valid in perpetuity. Therefore we do not support the resolution.
    • Motilal Oswal Mutual FundNon- Compliant with Schedule V of the Companies Act: Approval Sought without specifying term; Non-disclosure of information as prescribed in Schedule V. Governance Concern: Approval sought for perpetuity without absolute cap on remuneration payable.
    0 for2 against
  • Ratification of remuneration payable to M/s. B Y & Associates, Cost Auditors of the Company for the Financial Year 2025-26
    2 for0 against

Mutual fund votes, meeting of 22 Mar 2025, 1 fund house

  • Re-Appointment of Mrs. Vinodhini Sendhil Manian [DIN: 08719578] as an Independent Woman Director.
    1 for0 against
5 earlier meetings

Mutual fund votes, meeting of 9 Aug 2024, 1 fund house

  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 9 Aug 2023, 3 fund houses

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

  • To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31, 2023, and the Reports of the Board of Directors’ and Auditor’s Report thereon.
    1 for0 against
  • Approval for payment of final Dividend of Rs. 1.00/- per Equity Share
    1 for0 against
  • Appointment of Mr. Haruo Igarashi (DIN 08587832), who retires by rotation and being eligible, seeks re-appointment.
    2 for0 against
  • Approval for Material Related Party Transactions.
    1 for0 against
  • Ratification of remuneration payable to M/s. B Y and Associates, Cost Auditors of the Company for the Financial Year 2023-24.
    1 for0 against
5 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 10 Aug 2022, 1 fund house

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

  • To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31,2022, and the Reports of the Board of Directors and Auditor’s Report thereon.
    1 for0 against
  • Appointment of Mr. Hemant M Nerurkar (DIN 00265887), who retires by rotation and being eligible, seeks re-appointment.
    1 for0 against
  • Re-appointment of M/s. B S R & Co. LLP, Chartered Accountants as the Statutory Auditors of the Company
    1 for0 against
  • Re-appointment of Mr. R Chandrasekaran (DIN 00012643) as Managing Director for a period of Five years from October 01, 2022 to September 30, 2027 and fixing remuneration for a period of three years from October 01, 2022 to September 30, 2025.MoreLess
    1 for0 against
  • Appointment of Mr. Haruo Igarashi (DIN: 08587832) as Director
    1 for0 against
  • Appointment of Mr. Thomas Francis Mckeough (DIN:09510485) as Director
    1 for0 against
  • Ratification of Remuneration Payable to M/s. B Y & Associates, Cost Auditors of the Company for the Financial Year 2022-23
    1 for0 against
1 proposal not matched to one resolution
  • To entering into and / or carrying out and / or continuing with existing contracts / arrangements/ transactions (whether individual transaction or transaction(s) taken together or series of transaction(s) or otherwise), with Igarashi Electric Works Limited, Japan [Ultimate Holding Company & Promoter] being a related party of the Company, whether by way of continuation(s) or renewal(s) or extension(s) or modification(s) of earlier/ arrangements/transactions or as fresh and independent transaction(s) or otherwise from FY 2022-23 to FY 2023-24 and aggregate cumulative value of all these transaction(s), shall not exceed Rs. 650 Crores, provided however, that the said contract(s)/ arrangement(s)/ transaction(s) shall be carried out at an arm’s length basis.MoreLess
    1 for0 against

Mutual fund votes, meeting of 9 Aug 2021, 1 fund house

  • To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31, 2021, and the Reports of the Board of Directors and Auditor’s Report thereon.
    1 for0 against
  • To declare a dividend of Rs. 1.50/- per Equity Share for the Financial Year ended March 31, 2021
    1 for0 against
  • Mrs. Eva Maria Rosa Schork (DIN 07159550), Director, who retires by rotation, be and is hereby appointed as a non-executive Director of the Company.
    1 for0 against

Mutual fund votes, meeting of 17 Sep 2020, 2 fund houses

  • To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31, 2020, and the Reports of the Board of Directors and Auditor’s Report thereon.
    2 for0 against
  • To declare a final dividend of Rs. 1.20 per equity share for the financial year ended March 31, 2020.
    2 for0 against
  • Appointment of Mr. Keiichi Igarashi (DIN: 00356779) who retires by rotation and being eligible, seeks re-appointment.
    2 for0 against
  • Appointment of Mrs. SM Vinodhini ( DIN : 08719578) as Independent Woman Director for 5 years
    2 for0 against
  • Approval of Material Transactions with Crompton Greaves Consumer Electricals Ltd.
    2 for0 against
  • To Amend the Articles of Association for Insertion of Clause- Appointment of Chairman Emeritus
    2 for0 against
  • Appointment of Mr. L Ramkumar ( DIN : 00090089) as Independent Director for 5 years
    1 for0 against
  • Appointment of Mr. Hemant M Nerurkar (DIN : 00265887) as Director retire by rotation
    2 for0 against

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

Stakes in unlisted companies

Reported in the filing for the quarter to Sep 2026.

  • Unlisted stake boughtDelta Renewable Energy Private LimitedSince 6 Jul 2026

    −0.67% bought in the quarter; holding 4.43%, from 5.10%

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.