Indian Metals & Ferro Alloys logo

Indian Metals & Ferro Alloys MD, chairman, board of directors and AGM

NSE: IMFABSE: 533047Ferrous MetalsSmall Cap

Last close ₹1,099.70up ₹4.60 (0.42%)BSE ₹1,099.45

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,095.10.

52-week range of traded prices to 23 Oct 2026
₹1,055.00Low, 23 Oct 2026₹1,679.90High, 29 Apr 2026
Market cap
₹5,933 Cr660th largest listed
P/E
11.3
P/B
2.2
Dividend yield
1.14%
ROE
20.7%
ROCE
18.4%
Debt to equity
0.34
Volume, NSE
97,67346.3% delivered

Indian Metals & Ferro Alloys 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

  • ChairpersonBARADA KANTA MISHRA
  • Managing directorSUBHRAKANT PANDA
  • Company Secretary and Compliance OfficerSmruti Ranjan Ray

9 directors5 independent3 executive1 non-executive

  • BARADA KANTA MISHRA · ChairpersonIndependent · joined Mar 2024 · reappointed Mar 2024 · 30 months as independent · 1 listed board · 1 as independent
  • BAIJAYANT PANDAExecutive · joined Feb 1986 · reappointed Oct 2024 · 1 listed board
  • SUBHRAKANT PANDA · Managing directorExecutive · joined Oct 1999 · reappointed Oct 2024 · 4 listed boards · 3 as independent · 1 committee seat
  • BIJAYANANDA MOHAPATRAExecutive · joined Jan 2025 · 1 listed board · 1 committee seat
  • STEFAN GEORG AMREINNon-executive · joined Jan 2016 · reappointed Jul 2025 · 1 listed board · 1 committee seat
  • LATHA RAVINDRANIndependent · joined Jul 2020 · reappointed Jul 2025 · 74 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • KIRAN DHINGRAIndependent · joined Feb 2026 · 7 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 1 as chair
  • DEEPAK KUMAR MOHANTYIndependent · joined Jun 2026 · 3 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • PARTHA SATPATHYIndependent · joined Sep 2026 · 0 months as independent · 1 listed board · 1 as independent

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.

3 directors who left
  • BIJOY KUMAR DAS, left 8 Feb 2026: Tenure Completion
  • NALINI RANJAN MOHANTY, left 30 Jul 2025: Tenure Completion
  • CHITTA RANJAN RAY, left 30 Jan 2025: Tenure Completion

Committees and meetings

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

  • Board

    • 4 Aug 20268 of 8 present4 independent · 68 days in between
    • 27 May 20267 of 7 present3 independent

  • Audit Committee

    Chair LATHA RAVINDRAN

    DEEPAK KUMAR MOHANTY, BIJAYANANDA MOHAPATRA

    • 4 Aug 20263 of 3 present2 independent · 68 days in between
    • 27 May 20262 of 3 present2 independent

  • Nomination and remuneration committee

    Chair LATHA RAVINDRAN

    BARADA KANTA MISHRA, STEFAN GEORG AMREIN

    • 29 Jul 20263 of 3 present2 independent · 64 days in between
    • 25 May 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair KIRAN DHINGRA

    DEEPAK KUMAR MOHANTY, STEFAN GEORG AMREIN

    No meeting listed in the filing.

  • Risk Management Committee

    Chair BARADA KANTA MISHRA

    SUBHRAKANT PANDA, BIJAYANANDA MOHAPATRA

    • 25 May 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair KIRAN DHINGRA

    SUBHRAKANT PANDA, LATHA RAVINDRAN

    • 1 Aug 20263 of 3 present2 independent · 67 days in between
    • 25 May 20263 of 3 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Walker Chandiok & Co LLPPeer-review certificate valid to May 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.

Indian Metals & Ferro Alloys 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.Indian Metals & Ferro Alloys dividend history

Postal ballot, 10 Sep 2026

52,826 shareholders on the register on 7 Aug 2026; votes counted by Mr Sourjya Prakash Mohapatra / R K P Associates.The company's voting result (opens in a new tab)

  1. Appointment of Dr Deepak Kumar Mohanty (DIN: 09771960) as an Independent Director of the Company.
    Special
    99.41% for0.59% against

    Against: promoters 0.00% · institutions 17.77% · other public 0.04%

    Turnout: all 70.26% · promoters 93.88% · institutions 54.60% · other public 34.68%

  2. Enhancement of the Payment of Commission to Independent Directors
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.45%

    Turnout: all 70.26% · promoters 93.88% · institutions 54.60% · other public 34.68%

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, 4 Aug 2026, 5 resolutions

52,372 shareholders on the register on 28 Jul 2026; present: 3 promoters and 44 others; votes counted by Mr Sourjya Prakash Mohapatra / R K P Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statement and Consolidated Financial Statement of the Company for the year ended 31st March 2026 together with the Reports of the Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.62% · promoters 93.88% · institutions 54.29% · other public 35.68%

  2. To confirm the payment of Interim Dividend and to declare Final Dividend on equity shares for the Financial Year 2025-26.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.64% · promoters 93.88% · institutions 54.74% · other public 35.68%

  3. To appoint a Director in place of Mr Bijayananda Mohapatra (holding DIN: 09489095) who retires by rotation and, being eligible, offers himself for re-appointment
    Ordinary
    97.32% for2.68% against

    Against: promoters 0.00% · institutions 80.90% · other public 0.15%

    Turnout: all 70.64% · promoters 93.88% · institutions 54.74% · other public 35.68%

  4. Ratification of Cost Auditors’ Remuneration
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.64% · promoters 93.88% · institutions 54.74% · other public 35.68%

  5. Enhancement in remuneration payable to Mrs Shaifalika Panda - Chief of CSR
    OrdinaryPromoters have an interest in it
    99.51% for0.49% against

    Against: promoters 0.00% · institutions 3.25% · other public 0.00%

    Turnout: all 15.55% · promoters 0.00% · institutions 54.74% · other public 35.68%

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, 12 Mar 2026, 1 resolution

54,802 shareholders on the register on 6 Feb 2026; votes counted by Mr Sourjya Prakash Mohapatra / R K P Associates.The company's voting result (opens in a new tab)

  1. Appointment of Ms Kiran Dhingra (DIN: 00425602) as an Independent Director of theCompany.
    Special
    100.00% for0.00% against

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

    Turnout: all 69.64% · promoters 91.75% · institutions 64.35% · other public 35.11%

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, 6 resolutions

51,181 shareholders on the register on 23 Jul 2025; present: 3 promoters and 44 others; votes counted by Mr Sourjya Prakash Mohapatra / R K P Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statement and Consolidated Financial Statement of the Company for the year ended 31st March 2025 together with the Reports of the Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.30% · promoters 93.88% · institutions 69.48% · other public 33.97%

  2. To confirm the payment of Interim Dividends and to declare Final Dividend on equity shares for the Financial Year 2024-25.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.35% · promoters 93.88% · institutions 69.99% · other public 34.03%

  3. To appoint a Director in place of Mr Stefan Georg Amrein (holding DIN: 06996186) who retires by rotation and, being eligible, offers himself for re-appointment.
    Ordinary
    95.99% for4.01% against

    Against: promoters 0.00% · institutions 99.35% · other public 0.84%

    Turnout: all 57.58% · promoters 93.88% · institutions 69.99% · other public 0.43%

  4. Re-appointment of Mrs Latha Ravindran (DIN:08711691) as an Independent Director of the Company.
    Special
    99.26% for0.74% against

    Against: promoters 0.00% · institutions 22.22% · other public 0.01%

    Turnout: all 70.35% · promoters 93.88% · institutions 70.04% · other public 34.03%

  5. To appoint M/s Sunita Jyotirmoy & Associates, Company Secretaries (FRN: P2003OR014400) as Secretarial Auditor of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 16.22% · promoters 93.88% · institutions 69.85% · other public 3.48%

  6. Ratification of Cost Auditors' Remuneration
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.35% · promoters 93.88% · institutions 69.99% · other public 34.03%

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

Postal ballot, 12 Mar 2025, 2 resolutions

50,559 shareholders on the register on 5 Feb 2025; votes counted by Mr Sourjya Prakash Mohapatra / R K P Associates.The company's voting result (opens in a new tab)

  1. APPOINTMENT OF MR BIJAYANADA MOHAPATRA (DIN:0948095) AS DIRECTOR OF THE COMPANY
    Ordinary
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 3.16% · other public 0.00%

    Turnout: all 70.33% · promoters 91.75% · institutions 93.27% · other public 34.46%

  2. APPOINTMENT OF MR BIJAYANANDA MOHAPATRA (DIN: 0948095) AS WHOLE-TIME DIRECTOR & CHIEF OPERATING OFFICER OF THE COMPANY
    Special
    99.11% for0.89% against

    Against: promoters 0.00% · institutions 17.57% · other public 0.00%

    Turnout: all 70.33% · promoters 91.75% · institutions 93.27% · other public 34.46%

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, 13 Dec 2024, 1 resolution

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

  1. Consider and approve the Scheme of Amalgamation (the Scheme) between Utkal CoalnLimited (Transferor Company) and Indian Metals & Ferro Alloys Ltd. (TransfereenCompany) and their respective members and creditors under Section 233 of thenCompanies Act, 2013.MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 74.94% · promoters 100.00% · institutions 76.80% · other public 35.43%

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, 12 Sep 2024, 2 resolutions

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

  1. RE-APPOINTMENT OF MR BAIJAYANT PANDA AS VICE-CHAIRMAN OF THE COMPANY
    SpecialPromoters have an interest in it
    84.49% for15.51% against

    Against: promoters 0.00% · institutions 77.56% · other public 0.16%

    Turnout: all 100.00% · promoters 0.00% · institutions 100.00% · other public 100.00%

  2. RE-APPOINTMENT OF MR SUBHRAKANT PANDA AS MANAGING DIRECTOR OF THE COMPANY
    SpecialPromoters have an interest in it
    84.57% for15.43% against

    Against: promoters 0.00% · institutions 77.56% · other public 0.06%

    Turnout: all 100.00% · promoters 0.00% · institutions 100.00% · other public 100.00%

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.

Annual general meeting, 31 Jul 2024, 8 resolutions

Present: 3 promoters and 50 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statement and Consolidated Financial Statement of the Company for the year ended 31st March, 2024 together with the Reports of the Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

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

  2. To confirm the payment of Interim Dividend, Special Dividend and to declare Final Dividend on equity shares for the FY 2023-24.
    Ordinary
    100.00% for0.00% against

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

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

  3. To appoint a Director in place of Mr Nalini Ranjan Mohanty (holding DIN: 00237732) who retires by rotation and, being eligible, offers himself for re-appointment.
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 1.47% · other public 0.01%

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

  4. To appoint M/s Walker Chandiok & Co. LLP, Chartered Accountants (FRN: 001076N/N500013) as Statutory Auditors of the Company in place of M/s SCV & Co. LLP, Chartered Accountants (FRN: 0000235N/N500089) Retiring Auditors:MoreLess
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 1.45% · other public 0.01%

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

  5. Re-appointment of Mr. Nalini Ranjan Mohanty (DIN: 00237732) as a Director
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 1.47% · other public 0.01%

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

  6. Payment of Commission to Mr. Nalini Ranjan Mohanty (DIN: 00237732)
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 1.45% · other public 0.17%

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

  7. Payment of Commission to Independent Directors
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

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

  8. Ratification of Cost Auditors’ Remuneration
    Ordinary
    100.00% for0.00% against

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

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

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.

How mutual funds voted

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

Mutual fund votes, meeting of 10 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)

  • Appointment of Dr Deepak Kumar Mohanty (DIN: 09771960) as an Independent Director of the Company.
    1 for0 against
  • Enhancement of the Payment of Commission to Independent Directors
    1 for0 against

Mutual fund votes, meeting of 4 Aug 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt the Audited Standalone Financial Statement and Consolidated Financial Statement of the Company for the year ended 31st March 2026 together with the Reports of the Directors and the Auditors thereon.MoreLess
    1 for0 against
  • To confirm the payment of Interim Dividend and to declare Final Dividend on equity shares for the Financial Year 2025-26.
    1 for0 against
  • To appoint a Director in place of Mr Bijayananda Mohapatra (holding DIN: 09489095) who retires by rotation and, being eligible, offers himself for re-appointment
    1 for0 against
  • Ratification of Cost Auditors’ Remuneration
    1 for0 against
  • Enhancement in remuneration payable to Mrs Shaifalika Panda - Chief of CSR
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance and Transparency concern: Proposed remuneration appears excessive when compared with certain senior management personnel. Further, the Company has not provided adequate objective justification, external benchmarking or peer comparison to substantiate the proposed enhancement in remuneration and has not disclosed the performance parameters for determining the substantial performance-linked pay.
    0 for1 against
6 earlier meetings

Mutual fund votes, meeting of 12 Mar 2026, 7 fund houses

  • Appointment of Ms Kiran Dhingra (DIN: 00425602) as an Independent Director of theCompany.
    7 for0 against

Mutual fund votes, meeting of 30 Jul 2025, 5 fund houses

  • To receive, consider and adopt the Audited Standalone Financial Statement and Consolidated Financial Statement of the Company for the year ended 31st March 2025 together with the Reports of the Directors and the Auditors thereon.MoreLess
    5 for0 against
  • To confirm the payment of Interim Dividends and to declare Final Dividend on equity shares for the Financial Year 2024-25.
    5 for0 against
  • To appoint a Director in place of Mr Stefan Georg Amrein (holding DIN: 06996186) who retires by rotation and, being eligible, offers himself for re-appointment.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance concern: The Company has a skewed remuneration practice, and the proposed director is a member of the Nomination and Remuneration Committee. Being a member of the Nomination and Remuneration Committee, has failed to attend adequate Nomination and Remuneration Committee committee meetings.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: The Company has a skewed remuneration practice, and the proposed director is a member of the NRC. Being a member of the NRC, has failed to attend adequate NRC committee meetings.
    1 for4 against
  • Re-appointment of Mrs Latha Ravindran (DIN:08711691) as an Independent Director of the Company.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundPrior approval of shareholders is not obtained for re-appointment as an Independent Director. Governance concern: The Company has a skewed remuneration practice, and the proposed director is a member of the Nomination and Remuneration Committee.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern identified on the merit of proposed appointee. Re-appointment not in accordance with Companies Act, 2013: Prior approval of shareholders is not obtained for re-appointment as an ID. Governance concern: The Company has a skewed remuneration practice, and the proposed director is a member of the NRC.
    1 for4 against
  • To appoint M/s Sunita Jyotirmoy & Associates, Company Secretaries (FRN: P2003OR014400) as Secretarial Auditor of the Company.
    5 for0 against
  • Ratification of Cost Auditors' Remuneration
    5 for0 against

Mutual fund votes, meeting of 12 Mar 2025, 5 fund houses

  • 1. Appointment of Mr. Bijayananda Mohapatra (DIN: 09489095) as a Director of the Company, liable to retire by rotation.
    1 for0 against
  • 2. Appointment of Mr Bijayananda Mohapatra (DIN: 09489095) as Whole- time Director and Chief Operating Officer of the Company, liable to retire by rotation, for a period of three years with effect from 31st January 2025 and including remuneration.MoreLess
    1 for0 against
  • Appointment of Mr. Bijayananda Mohapatra (DIN: 09489095) as a Director of the Company, liable to retire by rotation.
    4 for0 against
  • Appointment of Mr Bijayananda Mohapatra (DIN: 09489095) as Whole- time Director and Chief Operating Officer of the Company, liable to retire by rotation, for a period of three years with effect from 31st January 2025 and including remuneration.MoreLess
    4 for0 against

Mutual fund votes, meeting of 13 Dec 2024, 5 fund houses

  • Consider and approve the Scheme of Amalgamation (the Scheme) between Utkal CoalnLimited (Transferor Company) and Indian Metals & Ferro Alloys Ltd. (TransfereenCompany) and their respective members and creditors under Section 233 of thenCompanies Act, 2013.MoreLess
    5 for0 against

Mutual fund votes, meeting of 12 Sep 2024, 5 fund houses

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

  • RE-APPOINTMENT OF MR BAIJAYANT PANDA AS VICE-CHAIRMAN OF THE COMPANY
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Skewed Remuneration in favour of Promoter Director, similar pay to Promoter directors and no absolute cap on variable pay.
    1 for3 against
  • RE-APPOINTMENT OF MR SUBHRAKANT PANDA AS MANAGING DIRECTOR OF THE COMPANY
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Skewed Remuneration in favour of Promoter Director, similar pay to Promoter directors and no absolute cap on variable pay.
    1 for3 against
1 proposal not matched to one resolution
  • 1. RE APPOINTMENT OF MR BAIJAYANT PANDA AS VICE CHAIRMAN OF THE COMPANY 2. RE APPOINTMENT OF MR SUBHRAKANT PANDA AS MANAGING DIRECTOR OF THE COMPANY
    Against quant Mutual Fund
    • quant Mutual FundRes 1&2 Vote: AGAINST Explanation: Compliant with law. Governance concern: Discretionary powers for making alterations to the terms approved by shareholders, although within legally permissible limits, defeat the purpose behind seeking shareholders’ approval. Hence, such statements should be supported with explanation regarding the nature of alterations that can be made pursuant to such discretionary powers as any material change cannot be undertaken without shareholders’ approval.
    0 for1 against

Mutual fund votes, meeting of 31 Jul 2024, 5 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 Standalone Financial Statement and Consolidated Financial Statement of the Company for the year ended 31st March, 2024 together with the Reports of the Directors and the Auditors thereon.MoreLess
    4 for0 against
  • To confirm the payment of Interim Dividend, Special Dividend and to declare Final Dividend on equity shares for the FY 2023-24.
    4 for0 against
  • To appoint a Director in place of Mr Nalini Ranjan Mohanty (holding DIN: 00237732) who retires by rotation and, being eligible, offers himself for re-appointment.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on the profile and merit. Non-compliant with law: Approval should have been obtained prior to him being appointed as NED from 26th July, 2024. Governance Concern: No cooling-off period served at the time of original appointment as NED-NID post completion of two terms as an ID
    1 for3 against
  • To appoint M/s Walker Chandiok & Co. LLP, Chartered Accountants (FRN: 001076N/N500013) as Statutory Auditors of the Company in place of M/s SCV & Co. LLP, Chartered Accountants (FRN: 0000235N/N500089) Retiring Auditors:MoreLess
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Inadequate justification for the material change in the Audit remuneration.
    1 for3 against
  • Re-appointment of Mr. Nalini Ranjan Mohanty (DIN: 00237732) as a Director
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on the profile and merit. Non-compliant with law: Approval should have been obtained prior to him being appointed as NED from 26th July, 2024. Governance Concern: No cooling-off period served at the time of original appointment as NED-NID post completion of two terms as an ID
    1 for3 against
  • Payment of Commission to Mr. Nalini Ranjan Mohanty (DIN: 00237732)
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-compliant with law: Interlinked to resolution #5
    1 for3 against
  • Payment of Commission to Independent Directors
    4 for0 against
  • Ratification of Cost Auditors’ Remuneration
    4 for0 against
1 proposal not matched to one resolution
  • 1. To receive consider and adopt the Audited Standalone Financial Statement and Consolidated Financia 2. To confirm the payment of Interim Dividend Special Dividend and to declare Final Dividend on equity 3. To appoint a Director in place of Mr Nalini Ranjan Mohanty holding DIN: 00237732 who retires by rota 4. To appoint Ms Walker Chandiok and Co. LLP Chartered Accountants FRN 001076N N500013) as Statutory Au 5. RE-APPOINTMENT OF MR NALINI RANJAN MOHANTY (DIN 00237732) AS A DIRECTOR 6. PAYMENT OF COMMISSION TO MR NALINI RANJAN MOHANTY DIN 00237732 7. Payment of Commission to Independent Directors 8. Ratification of Cost Auditors' RemunerationMoreLess
    1 for0 against

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

Fines

Reported in the filing for the quarter to Sep 2026.

  • Fine or penaltyAssessment Unit Income Tax DepartmentSince 22 Sep 2026

    Penalty levied U/s 270A of the Income tax Act 1961

    An order of FY 22-23 which was received from The Assessment Unit, Income tax Department, demanding a penalty amount of Rs 38.98 Lacs as per section 270A of the Income-tax Act, 1961 against a higher capital gain tax computed by the Assessing Officer for a sale of an immoveable property.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

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
Yes
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.