Inox Green Energy Services MD, chairman, board of directors and AGM
NSE: INOXGREENBSE: 543667Commercial Services & SuppliesSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹116.11.
- 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.
- ₹4,673 Cr691st 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 7 Aug 2026
- 38.6
- 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 29 May 2026
- 2.7
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- 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 7 Aug 2026
- 6.6%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 7 Aug 2026
- 0.3%
- 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 29 May 2026
- 0.05
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 23,52,21033.5% delivered
Inox Green Energy Services board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonMukesh Manglik
- Company Secretary and Compliance OfficerAnup Kumar Jain
6 directors3 independent2 executive1 non-executive
- Sanjeev JainIndependent · joined Apr 2024 · reappointed Apr 2024 · 27 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 3 as chair
- Bindu SaxenaIndependent · joined Dec 2021 · reappointed Dec 2021 · 54 months as independent · 1 listed board · 1 as independent · 5 committee seats
- Brij Mohan BansalIndependent · joined Oct 2024 · reappointed Oct 2024 · 20 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 1 as chair
- Mukesh Manglik · ChairpersonExecutive · joined Oct 2014 · reappointed May 2026 · 2 listed boards · 1 committee seat
- Manoj DixitExecutive · joined Oct 2013 · reappointed Oct 2024 · 2 listed boards · 2 committee seats
- Shailendra TandonNon-executive · joined Dec 2022 · reappointed Sep 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.
1 director who left
- Venkatanarayanan Sankaranarayanan, left 21 Oct 2024: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 29 May 20265 of 6 present2 independent · 14 days in between
- 14 May 20266 of 6 present3 independent · 89 days in between
- 13 Feb 20265 of 6 present3 independent
Audit Committee
Chair Sanjeev Jain
Bindu Saxena, Brij Mohan Bansal, Mukesh Manglik
- 29 May 20263 of 4 present2 independent · 14 days in between
- 14 May 20264 of 4 present3 independent · 89 days in between
- 13 Feb 20263 of 4 present3 independent
Nomination and remuneration committee
Chair Brij Mohan Bansal
Sanjeev Jain, Shailendra Tandon
- 13 Feb 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Brij Mohan Bansal
Manoj Dixit, Shailendra Tandon
- 29 May 20263 of 3 present1 independent
Risk Management Committee
Chair Manoj Dixit
Brij Mohan Bansal, Shailendra Tandon
- 27 Apr 20263 of 3 present1 independent · 58 days in between
- 27 Feb 20262 of 3 present0 independent · 13 days in between
Corporate Social Responsibility Committee
Chair Mukesh Manglik
Brij Mohan Bansal, Shailendra Tandon
No meeting listed in the filing.
Business Responsibility and Sustainability Committee
Chair Manoj Dixit
Mukesh Manglik, Shailendra Tandon, Chief Financial Officer
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.
- Dewan P N Chopra & CoPeer-review certificate valid to Jan 2027
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.
Inox Green Energy Services 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.Inox Green Energy Services share news and announcements
Annual general meeting, 25 Sep 2026
1,12,335 shareholders on the register on 18 Sep 2026; present: 4 promoters and 47 others; votes counted by ASHOK / VAPN & ASSOCIATES.The company's voting result (opens in a new tab)
a) Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2026, the reports of the Board of Directors and Auditors thereon; and b) Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2026 and the reports of the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 73.62% · promoters 100.00% · institutions 76.27% · other public 28.57%
- Re-appointment of Shri Manoj Dixit (DIN: 06709232) as a Director of the CompanyOrdinary98.86% for1.14% against
Against: promoters 0.00% · institutions 10.57% · other public 0.00%
Turnout: all 73.62% · promoters 100.00% · institutions 76.27% · other public 28.57%
- Approval for re-appointment of Shri Manoj Dixit (DIN: 06709232) as a Whole-time Director of the CompanySpecial98.88% for1.12% against
Against: promoters 0.00% · institutions 10.35% · other public 0.00%
Turnout: all 73.62% · promoters 100.00% · institutions 76.27% · other public 28.57%
- Re-appointment of Ms. Bindu Saxena (DIN: 00167802) as an Independent Director of the CompanySpecial96.30% for3.70% against
Against: promoters 0.00% · institutions 34.27% · other public 0.00%
Turnout: all 73.62% · promoters 100.00% · institutions 76.27% · other public 28.57%
- Ratification of payment of remuneration payable to Cost Auditors of the Company for the Financial Year ending on 31st March, 2027Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 73.62% · promoters 100.00% · institutions 76.27% · other public 28.57%
- Approval of Material Related Party Transactions of the CompanyOrdinaryPromoters have an interest in it95.10% for4.90% against
Against: promoters 0.00% · institutions 10.79% · other public 0.00%
Turnout: all 17.50% · promoters 0.00% · institutions 76.27% · other public 28.57%
- Approval of Material Related Party Transactions of subsidiaries of the CompanyOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 17.50% · promoters 0.00% · institutions 76.27% · other public 28.57%
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.
Extraordinary general meeting, 13 Aug 2026, 2 resolutions
1,15,251 shareholders on the register on 6 Aug 2026; present: 5 promoters and 49 others; votes counted by Ashok / VAPN & Associates.The company's voting result (opens in a new tab)
- To approve raising of funds in one or more tranches, by issuance of equity shares and or other eligible securities.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 70.43% · promoters 100.00% · institutions 46.17% · other public 28.78%
- Approval of material related party transaction.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 14.31% · promoters 0.00% · institutions 46.17% · other public 28.78%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 10 Apr 2026, 1 resolution
1,14,864 shareholders on the register on 6 Mar 2026; votes counted by Ashok Kumar / VAPN & Associates.The company's voting result (opens in a new tab)
- To approve re-appointment of Shri Mukesh Manglik (DIN: 07001509) as a Whole-time Director of the CompanySpecial96.53% for3.47% against
Against: promoters 0.00% · institutions 57.25% · other public 0.12%
Turnout: all 61.82% · promoters 100.00% · institutions 36.25% · other public 5.83%
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.
Meeting called by the tribunal, 1 Nov 2025, 2 resolutions
1,24,517 shareholders on the register on 25 Oct 2025; present: 5 promoters and 60 others; votes counted by Ms. Vandana R. Kohli / Ms. Vandana R. Kohli.The company's voting result (opens in a new tab)
Approval of Scheme of Arrangement between Inox Green Energy Services Limited (Demerged Company) and Inox Renewable Solutions Limited (formerly known as Resco Global Wind Services Private Limited) (Resulting Company) and their respective Shareholders (Requisite Majority).MoreLess
SpecialPromoters have an interest in it99.78% for0.22% againstAgainst: promoters 0.00% · institutions 2.70% · other public 0.00%
Turnout: all 69.71% · promoters 100.00% · institutions 62.27% · other public 23.16%
Approval of Scheme of Arrangement between Inox Green Energy Services Limited (Demerged Company) and Inox Renewable Solutions Limited (formerly known as Resco Global Wind Services Private Limited) (Resulting Company) and their respective Shareholders (Requisite Majority).MoreLess
OrdinaryPromoters have an interest in it98.89% for1.11% againstAgainst: promoters 0.00% · institutions 2.70% · other public 0.00%
Turnout: all 13.74% · promoters 0.00% · institutions 62.27% · other public 23.16%
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, 26 Sep 2025, 5 resolutions
1,39,201 shareholders on the register on 19 Sep 2025; present: 5 promoters and 39 others; votes counted by ASHOK / VAPN AND ASSOCIATES.The company's voting result (opens in a new tab)
a) Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2025, the reports of the Board of Directors and Auditors thereon; and b) Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2025 and the reports of the Auditors thereon.MoreLess
Ordinary99.79% for0.21% againstAgainst: promoters 0.00% · institutions 2.26% · other public 0.01%
Turnout: all 73.27% · promoters 100.00% · institutions 74.59% · other public 30.11%
- Re-appointment of Shri Shailendra Tandon as a Director of the Company.Ordinary99.89% for0.11% against
Against: promoters 0.00% · institutions 1.18% · other public 0.02%
Turnout: all 73.27% · promoters 100.00% · institutions 74.59% · other public 30.11%
- Ratification of payment of remuneration payable to Cost Auditors of the Company for the Financial Year ending on 31st March, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 73.27% · promoters 100.00% · institutions 74.59% · other public 30.11%
- Appointment of Secretarial Auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 73.27% · promoters 100.00% · institutions 74.59% · other public 30.11%
- Approval of Material Related Party TransactionsOrdinaryPromoters have an interest in it89.59% for10.41% against
Against: promoters 0.00% · institutions 26.52% · other public 0.02%
Turnout: all 17.30% · promoters 0.00% · institutions 74.59% · other public 30.11%
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.
Postal ballot, 10 Jul 2025, 1 resolution
1,48,881 shareholders on the register on 6 Jun 2025; votes counted by Ashok Kumar / VAPN & Associates.The company's voting result (opens in a new tab)
- Approval for alteration of Object Clause of the Memorandum of Association of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 64.39% · promoters 100.00% · institutions 28.59% · other public 16.93%
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.
Postal ballot, 17 Apr 2025, 1 resolution
1,56,020 shareholders on the register on 14 Mar 2025; votes counted by Prabhakar Kumar / VAPN & Associates.The company's voting result (opens in a new tab)
- To approve re-appointment of Shri Mukesh Manglik (DIN: 07001509) as a Whole-time Director of the Company.Special97.67% for2.33% against
Against: promoters 0.00% · institutions 31.49% · other public 0.10%
Turnout: all 62.51% · promoters 100.00% · institutions 36.62% · other public 6.25%
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.
Postal ballot, 9 Jan 2025, 1 resolution
1,57,120 shareholders on the register on 6 Dec 2024; votes counted by Prabhakar Kumar / VAPN & Associates.The company's voting result (opens in a new tab)
- Appointment of Shri Brij Mohan Bansal (DIN: 00261063) as an Independent Director of the CompanySpecial99.96% for0.04% against
Against: promoters 0.00% · institutions 0.60% · other public 0.02%
Turnout: all 65.77% · promoters 100.00% · institutions 38.49% · other public 15.94%
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 25 Sep 2026, 3 fund houses so far (houses' deadline to file 15 Oct 2026)
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
a) Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2026, the reports of the Board of Directors and Auditors thereon; and b) Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2026 and the reports of the Auditors thereon.MoreLess
3 for0 against- Re-appointment of Shri Manoj Dixit (DIN: 06709232) as a Director of the Company3 for0 against
- Approval for re-appointment of Shri Manoj Dixit (DIN: 06709232) as a Whole-time Director of the Company3 for0 against
- Re-appointment of Ms. Bindu Saxena (DIN: 00167802) as an Independent Director of the Company
Against Angel One Mutual Fund, ICICI Prudential Mutual Fund, Mahindra Manulife Mutual Fund
- Angel One Mutual FundGovernance Concern: Prolonged association over 10 years with the Group.
- ICICI Prudential Mutual FundGiven her long-term association of over ten years with the Inox Group, the AMC has voted against the resolution.
- Mahindra Manulife Mutual FundMs. Bindu Saxena, 68, is a partner at Swarup & Company, a law firm based in New Delhi. She has over three decades of experience as a corporate attorney with experience in commercial transactions and projects in India and overseas. She has been on the board since 14 December 2021. She has attended four out of five board meetings (80%) held in FY26. She was on the board of Inox Wind Limited, a promoter company from 21 October 2014 to 21 October 2024 and on the boards of several other Inox Group companies.We do not support reappointment of Independent Directors if their aggregate tenure with the company or the group will exceed ten years as we believe that this is not in line with the spirit of the regulations. We note that the Red Herring Prospectus of Inox Green disclosed nine criminal proceedings against her under the Negotiable Instruments Act, 1881, relating to dishonour of cheques involving an aggregate amount of Rs. 112.1 mn. The current status of these proceedings is unknown. Given her long-term association of over ten years with the Inox Group, we do not support her reappointment. We do not support the resolution.
0 for3 against - Ratification of payment of remuneration payable to Cost Auditors of the Company for the Financial Year ending on 31st March, 20273 for0 against
- Approval of Material Related Party Transactions of the Company2 for0 against
2 proposals not matched to one resolution
To enter into and/ or continue with the existing material related party transaction(s)/ contract(s)/ arrangement(s)/ agreement(s), whether by way of an individual transaction or transactions taken together or series of transactions or otherwise, falling within the definition of Related Party Transaction under Regulation 2(1)(zc) of the Listing Regulations, on the respective material with Inox Wind Limited (IWL), Inox Renewable Solutions Limited (IRSL), Inox Clean Energy Limited (ICEL).MoreLess
3 for0 againstTo enter into and/ or continue with the existing material related party transaction(s)/ contract(s)/ arrangement(s)/ agreement(s), with Inox Wind Limited (IWL), Holding and Promoter Company, Inox Renewable Solutions Limited (IRSL), a fellow subsidiary company, I-Fox Windtechnik India Private Limited, a material subsidiary company, Gujarat Fluorochemicals Limited, a group company, Inox Clean Energy Limited (ICEL), a group company, Inox Neo Energies Limited (INEL) and/ or any of its subsidiaries, a group company, Inox Leasing and Finance Limited (ILFL), a promoter group company.MoreLess
1 for0 against
Mutual fund votes, meeting of 13 Aug 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)
- To approve raising of funds in one or more tranches, by issuance of equity shares and or other eligible securities.2 for0 against
- Approval of material related party transaction.2 for0 against
6 earlier meetings
Mutual fund votes, meeting of 10 Apr 2026, 6 fund houses
- To approve re-appointment of Shri Mukesh Manglik (DIN: 07001509) as a Whole-time Director of the Company
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, ICICI Prudential Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance Concern: Low attendance at Board meetings and no adequate justification for leave of absence.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern identified on the merits of the proposed appointee. Governance Concern: Low attendance at Board meetings and no adequate justification for leave of absence
- ICICI Prudential Mutual FundMr. Mukesh Manglik has been associated with InoxGFL Group since 2008 and has served as the Whole-time Director of Inox Green Energy Services Ltd. since May 2020. He was last reappointed in May 2025 for a one-year term and does not receive any compensation from Inox Green Energy Services Ltd. Mukesh Manglik is a professional and thus, his remuneration is expected to benchmark market standards. Also, Whole-Time Director’s remuneration must be paid by the company and must be aligned to company performance. In addition, he has low attendance in board meetings. Thus, the AMC voted against the resolution. For this proposal, the AMC has also considered various applicable factors for casting votes on behalf of ESG schemes.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
0 for6 against
Mutual fund votes, meeting of 1 Nov 2025, 6 fund houses
- Scheme of arrangement amongst Inox Green Energy Services Limited (Demerged Company or Company) and Inox Renewable Solutions Limited (Resulting Company) and their respective shareholders (Scheme).
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance & Transparency Concern: Valuation Reports provide the Exchange ratio without disclosing details of the valuation arrived at by the valuers. Without details regarding the figures and calculations, it cannot be ascertained whether the same is fair and reasonable despite prima-facie differences in the multiple valuations.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern has been identified w.r.t. the justification of the proposed transaction. Governance & Transparency Concern: Valuation Reports provide the Exchange ratio without disclosing details of the valuation arrived at by the valuers. Without details regarding the figures and calculations, it cannot be ascertained whether the same is fair and reasonable despite prima-facie differences in the multiple valuations
2 for4 against
Mutual fund votes, meeting of 26 Sep 2025, 6 fund houses
a) Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2025, the reports of the Board of Directors and Auditors thereon; and b) Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2025 and the reports of the Auditors thereon.MoreLess
Against Angel One Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance Concern: Undisputed Statutory Dues unpaid for more than 2 years.
- Groww Mutual Fund, Motilal Oswal Mutual FundUnqualified Financial Statements. Governance Concern: Undisputed Statutory Dues unpaid for more than 2 years.
3 for3 against- Re-appointment of Shri Shailendra Tandon as a Director of the Company.6 for0 against
- Ratification of payment of remuneration payable to Cost Auditors of the Company for the Financial Year ending on 31st March, 20266 for0 against
- Appointment of Secretarial Auditors of the Company6 for0 against
- Approval of Material Related Party Transactions
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundTransparency concern: Inadequate disclosures regarding the basis of arriving at arm’s length pricing. No adequate information given to ascertain the fairness of the pricing.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Transparency concern: Inadequate disclosures regarding the basis of arriving at arm’s length pricing. No adequate information given to ascertain the fairness of the pricing.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
1 for5 against
Mutual fund votes, meeting of 10 Jul 2025, 6 fund houses
- Approval for alteration of Object Clause of the Memorandum of Association of the Company6 for0 against
Mutual fund votes, meeting of 17 Apr 2025, 7 fund houses
- To approve re-appointment of Shri Mukesh Manglik (DIN: 07001509) as a Whole-time Director of the Company.
Against Angel One Mutual Fund, Groww Mutual Fund, ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundTransparency Concern: Attendance details are not available for Board meetings held during FY 2024-25 till the date of the Notice.
- Groww Mutual Fund, Motilal Oswal Mutual FundComplaint with law. No concern on the merits of proposed appointee. Transparency Concern: Attendance details are not available for Board meetings held during FY 2024-25 till the date of the Notice.
- ICICI Prudential Mutual FundMr. Mukesh Manglik has been associated with InoxGFL Group since 2008 and has served as the Whole-time Director of Inox Green Energy Services Ltd. since May 2020. He was last reappointed in June 2024 for a one-year term and does not receive any compensation from Inox Green Energy Services Ltd. Mukesh Manglik is a professional and thus, his remuneration is expected to benchmark market standards. Also, Whole-Time Director’s remuneration must be paid by the company and must be aligned to company performance. Hence, the AMC has voted against the resolution. For this proposal, the AMC has also considered various applicable factors for casting votes on behalf of ESG schemes.
3 for4 against
Mutual fund votes, meeting of 9 Jan 2025, 7 fund houses
- Appointment of Shri Brij Mohan Bansal (DIN: 00261063) as an Independent Director of the Company
Against Mirae Asset Mutual Fund
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
6 for1 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- No
- 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.
How money raised was used
Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesAug 2024, checked by CARE Ratings Limited | 966.30 | Debt Repayment: Repayment and/ pre-payment of debt together with interest, in full or in part, of borrowings availed by the Company including redemption of Non-Convertible Debentures | 109.64 | 109.64 | No |
| Preferential IssuesAug 2024, checked by CARE Ratings Limited | 966.30 | Investment in Subsidiaries: For undertaking investments in or providing loans to the subsidiaries of the Company for the purposes of development of existing and new projects, either in the form of equity/quasi-equity/unsecured loan | 621.00 | 611.49 | No |
| Preferential IssuesAug 2024, checked by CARE Ratings Limited | 966.30 | General Corporate Purposes: This shall include, inter alia, meeting ongoing general corporate exigencies and contingencies, expenses of the Company as applicable in such a manner and proportion as may be decided by the Board (which term shall include IGESL Committee of the Board of Director’s for Operations) from time to time, and/or any other general purposes as may be permissible under applicable laws | 235.66 | 110.48 | No |