Indo Tech Transformers MD, chairman, board of directors and AGM
NSE: INDOTECHBSE: 532717Electrical EquipmentSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹2,677.80.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹2,812 Cr1,158th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 11 Aug 2026
- 28.3
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 20 May 2026
- 7.5
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.38%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 11 Aug 2026
- 30.3%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 11 Aug 2026
- 32.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 20 May 2026
- 0.01
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 34,78150.1% delivered
Indo Tech Transformers 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
- ChairpersonAJAY KUMAR DHAGAT
- Compliance OfficerKarthick. D
6 directors2 independent1 executive3 non-executive
- VISWESWARA REDDY NARREDDYNon-executive · joined Sep 2020 · reappointed Sep 2023 · 1 listed board
- SHARAT CHANDRA KOLLANon-executive · joined Sep 2020 · reappointed Sep 2026 · 1 listed board · 1 committee seat
- AJAY KUMAR DHAGAT · ChairpersonIndependent · joined Aug 2020 · reappointed Aug 2025 · 70 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- LEENA MUKUNDH SATHYANARAYANANIndependent · joined Nov 2020 · reappointed Nov 2025 · 68 months as independent · 1 listed board · 1 as independent · 1 committee seat
- SUDHEER VENNAMNon-executive · joined Aug 2022 · reappointed Aug 2025 · 1 listed board
- MANOHAR PURUSHOTHAMANExecutive · joined May 2025 · 1 listed board · 1 committee seat
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.
2 directors who left
- SUTANU BEHURIA, left 18 Aug 2025: Tenure Completion
- SHRIDHAR GOKHALE, left 7 Apr 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 11 Aug 20266 of 6 present2 independent · 45 days in between
- 26 Jun 20266 of 6 present2 independent · 36 days in between
- 20 May 20265 of 6 present2 independent
Audit Committee
Chair AJAY KUMAR DHAGAT
SHARAT CHANDRA KOLLA, LEENA MUKUNDH SATHYANARAYANAN
- 11 Aug 20263 of 3 present2 independent · 82 days in between
- 20 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair LEENA MUKUNDH SATHYANARAYANAN
SUDHEER VENNAM, AJAY KUMAR DHAGAT
- 11 Aug 20263 of 3 present2 independent · 82 days in between
- 20 May 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair SUDHEER VENNAM
AJAY KUMAR DHAGAT, MANOHAR PURUSHOTHAMAN
- 20 May 20263 of 3 present1 independent
Corporate Social Responsibility Committee
Chair SHARAT CHANDRA KOLLA
LEENA MUKUNDH SATHYANARAYANAN, MANOHAR PURUSHOTHAMAN
- 20 May 20263 of 3 present1 independent
Banking Committee
Chair LEENA MUKUNDH SATHYANARAYANAN
- 9 Sep 20262 of 2 present1 independent · 111 days in between
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.
- ASA & Associates LLPPeer-review certificate valid to Mar 2029
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.
Indo Tech Transformers 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.Indo Tech Transformers dividend history
Annual general meeting, 23 Sep 2026
24,415 shareholders on the register on 15 Sep 2026; present: 1 promoter and 36 others; votes counted by Kiran Varma M G / Kiran Varma & Associates.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial statements for the financial year ended March 31, 2026, and the Reports of the Directors and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.35%
Turnout: all 70.90% · promoters 100.00% · institutions 59.07% · other public 0.14%
- To declare Dividend on equity shares for the financial year ended March 31, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.35%
Turnout: all 70.90% · promoters 100.00% · institutions 59.07% · other public 0.14%
- To appoint a director in place of Mr. Sharat Chandra Kolla (DIN: 08851423), who retires by rotation and being eligible, offers himself for reappointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.42%
Turnout: all 70.90% · promoters 100.00% · institutions 59.07% · other public 0.14%
- Approval of Material Related Party TransactionOrdinaryPromoters have an interest in it79.42% for20.58% against
Against: promoters 0.00% · institutions 22.00% · other public 0.75%
Turnout: all 0.61% · promoters 0.00% · institutions 59.07% · other public 0.14%
- Ratification of the Remuneration of the Cost Auditor for FY 2026-27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.43%
Turnout: all 70.90% · promoters 100.00% · institutions 59.07% · other public 0.14%
- Approval for the borrowing limits of the CompanySpecial99.77% for0.23% against
Against: promoters 0.00% · institutions 28.61% · other public 0.42%
Turnout: all 70.90% · promoters 100.00% · institutions 59.07% · other public 0.14%
- Approval for the creation of mortgage/ charge on the properties/ undertakings of the CompanySpecial99.77% for0.23% against
Against: promoters 0.00% · institutions 28.61% · other public 0.74%
Turnout: all 70.90% · promoters 100.00% · institutions 59.07% · other public 0.14%
- To Approve Indo-Tech Transformers Limited Employee Stock Option Plan 2026” (‘Plan’ or ‘ITTL ESOP 2026)Special99.20% for0.80% against
Against: promoters 0.00% · institutions 100.00% · other public 0.74%
Turnout: all 70.90% · promoters 100.00% · institutions 59.07% · other public 0.14%
- To Approve Indo-Tech Transformers Limited Employee Stock Option Plan 2026 (“‘Plan’ Or ‘ITTL ESOP 2026”) For Eligible Employees of Holding Company (If Any) And Subsidiary (ies)Special99.20% for0.80% against
Against: promoters 0.00% · institutions 100.00% · other public 0.98%
Turnout: all 70.90% · promoters 100.00% · institutions 59.07% · other public 0.14%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 11 Aug 2025, 10 resolutions
27,385 shareholders on the register on 4 Aug 2025; present: 1 promoter and 40 others; votes counted by Kiran Varma M G / Kiran Varma & Associates.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial statements for the financial year ended March 31, 2025, and the Reports of the Directors and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.41%
Turnout: all 75.15% · promoters 100.00% · institutions 15.46% · other public 0.14%
- To appoint a director in place of Mr. Sudheer Vennam (DIN: 09656671), who retires by rotation and being eligible, offers himself for reappointmentOrdinary99.85% for0.15% against
Against: promoters 0.00% · institutions 100.00% · other public 1.41%
Turnout: all 75.15% · promoters 100.00% · institutions 15.46% · other public 0.14%
- Appointment of M/s ASA & Associates LLP as the Statutory Auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.41%
Turnout: all 75.15% · promoters 100.00% · institutions 15.46% · other public 0.14%
- Appointment of Mr. M. Purushothaman, Chief Executive Officer (DIN: 11074837) as Director of the companyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.45%
Turnout: all 75.15% · promoters 100.00% · institutions 15.46% · other public 0.13%
- Appointment of Mr. M. Purushothaman, Chief Executive Officer and Director (DIN: 11074837) as Whole Time Director of the companySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.45%
Turnout: all 75.15% · promoters 100.00% · institutions 15.46% · other public 0.13%
- To re-appoint Mr. Ajay Kumar Dhagat (DIN: 00250792) as Independent Director of the company for the second term of 5 yearsSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.41%
Turnout: all 75.15% · promoters 100.00% · institutions 15.46% · other public 0.14%
- To re-appoint Ms. Leena M Sathyanarayanan (DIN: 08947423) as Independent Director of the company for the second term of 5 yearsSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.41%
Turnout: all 75.15% · promoters 100.00% · institutions 15.46% · other public 0.14%
- Appointment of M/s J B Bhave & Co, as Secretarial AuditorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.41%
Turnout: all 75.15% · promoters 100.00% · institutions 15.46% · other public 0.14%
- Approval of Related Party TransactionOrdinaryNot passedPromoters have an interest in it22.05% for77.95% against
Against: promoters 0.00% · institutions 100.00% · other public 1.41%
Turnout: all 0.15% · promoters 0.00% · institutions 15.46% · other public 0.14%
- Ratification of the Remuneration of the Cost Auditor for FY 2025-26Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.41%
Turnout: all 75.15% · promoters 100.00% · institutions 15.46% · other public 0.14%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 27 Sep 2024, 4 resolutions
Present: 1 promoter and 48 others.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial statements for the financial year ended March 31, 2024, and the Reports of the Directors and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 76.06% · promoters 100.00% · institutions 83.72% · other public 2.93%
- To appoint a Director in place of Mr. Shridhar Gokhale (DIN: 08349732), who retires by rotation and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.07%
Turnout: all 76.06% · promoters 100.00% · institutions 83.72% · other public 2.93%
- Approval of Related Party TransactionOrdinaryPromoters have an interest in it99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 0.07%
Turnout: all 1.06% · promoters 0.00% · institutions 83.72% · other public 2.93%
- Ratification of the Remuneration of the Cost Auditor for FY 2024-25Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.07%
Turnout: all 76.06% · promoters 100.00% · institutions 83.72% · other public 2.93%
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 Sep 2023, 5 resolutions
Present: 1 promoter and 53 others.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial statements for the financial year ended March 31, 2023, and the Reports of the Directors and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 75.16% · promoters 100.00% · institutions 0.00% · other public 0.63%
- To appoint a Director in place of Mr. N Visweswara Reddy (DIN:02996298), who retires by rotation and being eligible, offers himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.31%
Turnout: all 75.16% · promoters 100.00% · institutions 0.00% · other public 0.63%
- Approval of Related Party TransactionOrdinaryPromoters have an interest in it97.07% for2.93% against
Against: promoters 0.00% · institutions 0.00% · other public 2.93%
Turnout: all 0.16% · promoters 0.00% · institutions 0.00% · other public 0.63%
- Ratification of the Remuneration of the Cost Auditor for FY 2022-23Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.31%
Turnout: all 75.16% · promoters 100.00% · institutions 0.00% · other public 0.63%
- Ratification of the Remuneration of the Cost Auditor for FY 2023-24Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 2.93%
Turnout: all 75.16% · promoters 100.00% · institutions 0.00% · other public 0.63%
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 Sep 2022, 5 resolutions
Present: 1 promoter and 45 others.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial statements for the financial year ended March 31, 2022, and the Reports of the Directors and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 5.93%
Turnout: all 75.06% · promoters 100.00% · institutions 0.00% · other public 0.25%
- To appoint a Director in place of Mr. Sharat Chandra Kolla (DIN: 08851423), who retires by rotation and being eligible, offers himself for re-appointmentOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 6.23%
Turnout: all 75.06% · promoters 100.00% · institutions 0.00% · other public 0.25%
- Appointment of Mr. Sudheer Vennam (DIN: 09656671) as DirectorOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 6.23%
Turnout: all 75.06% · promoters 100.00% · institutions 0.00% · other public 0.25%
- Approval of Related Party TransactionOrdinaryPromoters have an interest in it99.70% for0.30% against
Against: promoters 0.00% · institutions 0.00% · other public 0.30%
Turnout: all 0.06% · promoters 0.00% · institutions 0.00% · other public 0.25%
- Ratification of the Remuneration of the Cost AuditorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.30%
Turnout: all 75.06% · promoters 100.00% · institutions 0.00% · other public 0.25%
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 Sep 2021, 6 resolutions
Present: 3 promoters and 79 others.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial statements for the financial year ended March 31, 2021 and the Reports of the Directors and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 75.04% · promoters 100.00% · institutions 0.00% · other public 0.16%
- To appoint a Director in place of Mr. Shridhar Gokhale (DIN: 08349732), who retires by rotation and being eligible, offers himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 75.01% · promoters 100.00% · institutions 0.00% · other public 0.05%
- Appointment of Ms. Leena M Sathyanarayanan (DIN: 08947423) as Independent DirectorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 75.04% · promoters 100.00% · institutions 0.00% · other public 0.16%
- Approval of Related Party TransactionOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 0.04% · promoters 0.00% · institutions 0.00% · other public 0.16%
- Ratification of the Remuneration of the Cost Auditor for FY 2020-21Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 75.04% · promoters 100.00% · institutions 0.00% · other public 0.16%
- Ratification of the Remuneration of the Cost Auditor for FY 2021-22Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 75.04% · promoters 100.00% · institutions 0.00% · other public 0.16%
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, 16 Oct 2020, 8 resolutions
Present: 1 promoter and 46 others.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial statements for the financial year ended March 31, 2020 and the Reports of the Directors and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 78.67% · promoters 100.00% · institutions 0.00% · other public 0.17%
- To appoint M/s ASA & Associates LLP, Chartered Accountants, as Statutory Auditors of the company and to authorize the Board of Directors to fix their remuneration.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 78.67% · promoters 100.00% · institutions 0.00% · other public 0.17%
- Appointment of Mr. Ajay Kumar Dhagat (DIN: 00250792) as Independent DirectorSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 78.67% · promoters 100.00% · institutions 0.00% · other public 0.17%
- Appointment of Dr. Sutanu Behuria (DIN: 00051668) as Independent DirectorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 78.67% · promoters 100.00% · institutions 0.00% · other public 0.17%
- Appointment of Mr. N. Visweswara Reddy (DIN: 02996298) as DirectorOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 0.04% · promoters 0.00% · institutions 0.00% · other public 0.17%
- Appointment of Mr. Sharat Chandra Kolla (DIN: 08851423) as DirectorOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 0.04% · promoters 0.00% · institutions 0.00% · other public 0.17%
- Approval of Related Party TransactionOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 0.04% · promoters 0.00% · institutions 0.00% · other public 0.17%
- Ratification of the Remuneration of the Cost AuditorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 78.67% · promoters 100.00% · institutions 0.00% · other public 0.17%
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, 14 Aug 2018, 7 resolutions
Present: 1 promoter and 57 others.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial statements for the financial year ended 31st March 2018 and the Reports of the Directors and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 74.39% · promoters 100.00% · institutions 0.00% · other public 0.15%
- To appoint Director in place of Mr. Ricardo Suarez Garza (DIN: 07194157), who retires by rotation, being eligible offers himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.48%
Turnout: all 74.39% · promoters 100.00% · institutions 0.00% · other public 0.15%
- Appointment of Mr Anthony Vincent Benoit Allard (DIN : 07992699) as directorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 74.39% · promoters 100.00% · institutions 0.00% · other public 0.15%
- Appointment of Mr Ajay Kumar Sinha (DIN : 07972409) as Director of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 74.39% · promoters 100.00% · institutions 0.00% · other public 0.15%
- Appointment of Mr Ajay Kumar Sinha (DIN : 07972409) as the Whole-Time Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.20%
Turnout: all 74.39% · promoters 100.00% · institutions 0.00% · other public 0.15%
- Approval of Related Party TransactionOrdinaryPromoters have an interest in it99.52% for0.48% against
Against: promoters 0.00% · institutions 0.00% · other public 0.48%
Turnout: all 0.15% · promoters 0.00% · institutions 0.00% · other public 0.15%
- Ratification of the Remuneration of the Cost AuditorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 74.39% · promoters 100.00% · institutions 0.00% · other public 0.15%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 23 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)
- To receive, consider and adopt the Audited Financial statements for the financial year ended March 31, 2026, and the Reports of the Directors and Auditors thereon1 for0 against
- To declare Dividend on equity shares for the financial year ended March 31, 20261 for0 against
- To appoint a director in place of Mr. Sharat Chandra Kolla (DIN: 08851423), who retires by rotation and being eligible, offers himself for reappointment1 for0 against
- Approval of Material Related Party Transaction1 for0 against
- Ratification of the Remuneration of the Cost Auditor for FY 2026-271 for0 against
- Approval for the borrowing limits of the Company1 for0 against
- Approval for the creation of mortgage/ charge on the properties/ undertakings of the Company1 for0 against
- To Approve Indo-Tech Transformers Limited Employee Stock Option Plan 2026” (‘Plan’ or ‘ITTL ESOP 2026)
Against Bajaj Finserv Mutual Fund
- Bajaj Finserv Mutual FundThe company is seeking shareholders' approval for adoption of the Indo-Tech Transformers Limited Employee Stock Option Plan 2026, under which stock options exercisable into up to 2,00,000 equity shares may be granted to eligible employees of the company. The proposed scheme will be implemented through fresh issuance of equity shares and may result in dilution of approximately 1.88% of the existing equity share capital. The scheme provides for grants based on employee eligibility and performance criteria determined by the company. The proposed plan contains provisions relating to vesting, exercise and grant of options. While the company has disclosed an indicative vesting framework and broad parameters for exercise of options, certain aspects of the scheme continue to remain open-ended and subject to future determination. The company has provided flexibility to the Nomination and Remuneration Committee in relation to important features of the scheme, including vesting and exercise-related matters. However, the company has not provided sufficient clarity regarding how these provisions may be applied in practice or under what circumstances deviations from the indicated framework may be considered. The exercise price under the scheme may be determined within the parameters disclosed by the company. Although additional information regarding the intended exercise price is available in supporting documents, greater clarity within the proposal itself would have enabled shareholders to better assess the potential economic benefits that may accrue under the scheme. Similarly, more detailed disclosures regarding the operation of various scheme provisions would have assisted shareholders in understanding the practical implications of the proposed ESOP structure. The scheme also permits grants of a substantial number of options to individual employees, subject to the limits specified in the proposal. Based on the current market value of the shares and the proposed structure of the plan, the potential benefits that may accrue to a single employee could be significant. The company has not provided further details regarding the intended distribution of grants, the likely beneficiaries or the rationale behind maintaining such a broad limit for individual allocations. Additional disclosure in this regard would have allowed shareholders to better evaluate the alignment between employee rewards and long-term shareholder interests. Given the limited clarity on certain key operational aspects of the scheme and the absence of more detailed explanations regarding the potential benefit structure and future implementation approach, we do not have sufficient information to fully assess the overall impact of the proposed plan. Accordingly, we are voting against this resolution.
0 for1 against - To Approve Indo-Tech Transformers Limited Employee Stock Option Plan 2026 (“‘Plan’ Or ‘ITTL ESOP 2026”) For Eligible Employees of Holding Company (If Any) And Subsidiary (ies)
Against Bajaj Finserv Mutual Fund
- Bajaj Finserv Mutual FundThe company is seeking shareholders' approval for extension of the Indo-Tech Transformers Limited Employee Stock Option Plan 2026 to eligible employees of the holding company and future subsidiary(ies), if any. The proposed resolution seeks to broaden the scope of beneficiaries under the ESOP scheme beyond employees of the company and permit grants to employees of group entities covered under the proposal. The scheme will continue to be administered under the framework approved by the company and the grants if made would form part of the overall pool of options proposed under the ESOP 2026 plan. While the company has sought approval to extend the benefits of the ESOP scheme beyond its own employees, the proposal does not provide sufficient details regarding the rationale for extending such benefits to employees of the holding company. The company has also not elaborated on the intended scope of such grants, the categories of employees likely to be covered, or the strategic benefits expected to accrue to the company from granting share-based compensation to employees who are not directly employed by it. Additional clarity on these aspects would have enabled shareholders to better assess the necessity and effectiveness of the proposed extension. The proposal also does not provide detailed information regarding the treatment of the costs arising from grants that may be made to employees of the holding company. Greater disclosure regarding the manner in which such costs would be allocated or borne would have helped shareholders evaluate the overall impact of the scheme on the company and its shareholders. Further explanation on the commercial rationale and financial implications of the proposed extension would have been useful in assessing the appropriateness of the resolution. In addition, certain aspects of the underlying ESOP scheme continue to remain broad in nature and subject to future determination. While the company has provided the overall framework of the scheme, more detailed disclosures regarding its implementation and operation would have enabled shareholders to make a more informed assessment of the benefits proposed to be extended under this resolution. Given the limited explanation regarding the extension of ESOP benefits to employees of the holding company and the absence of more detailed disclosures on certain key aspects of the proposal, we do not have sufficient information to fully evaluate the overall implications of the proposed resolution. Accordingly, we are voting against this resolution
0 for1 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 heldM.S. WIND FARM PRIVATE LIMITEDSince 1 Apr 2026
0.00% bought in the quarter; holding 11.75%, from 11.75%
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- 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.