India Tourism Development Corporation logo

India Tourism Development Corporation MD, chairman, board of directors and AGM

NSE: ITDCBSE: 532189Leisure ServicesSmall Cap

Last close ₹599.30down ₹34.60 (5.46%)BSE ₹599.05

Share price at the NSE close on 23 Oct 2026. Previous close ₹633.90.

52-week range of traded prices to 23 Oct 2026
₹368.00Low, 30 Mar 2026₹822.00High, 20 Jul 2026
Market cap
₹5,140 Cr808th largest listed
P/E
62.5
P/B
12.2
Dividend yield
0.49%
ROE
20.9%
ROCE
20.4%
Debt to equity
0.00
Volume, NSE
97,76935.6% delivered

India Tourism Development Corporation board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.

  • Chairperson and managing directorMugdha Sinha
  • Company Secretary and Compliance OfficerV.K. JAIN

5 directors1 independent3 executive1 non-executive

  • Mugdha Sinha · Chairperson and managing directorExecutive · joined Apr 2025 · 1 listed board
  • Lokesh Kumar AggarwalExecutive · joined Aug 2022 · 1 listed board · 2 committee seats
  • Rajesh RanaExecutive · joined Mar 2025 · 1 listed board · 1 committee seat
  • Vandana JainNominee, non-executive · joined May 2026 · 1 listed board · 2 committee seats, 1 as chair
  • Malay Kumar SinghaIndependent · joined Jun 2026 · 0 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair

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.

4 directors who left
  • Ranjana Chopra, left 29 Apr 2026: Others
  • Manan Kaushal, left 15 Apr 2026: Tenure Completion
  • Mebanshailang Rynjah Synrem, left 10 Apr 2025: Tenure Completion
  • Anju Bajpai, left 23 Jan 2025: Tenure Completion

Committees and meetings

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

  • Board

    1 meeting of 4 without a quorum

    • 30 Jun 20265 of 5 present1 independent · 39 days in between
    • 21 May 20264 of 4 present0 independent · 57 days in between · quorum not met
    • 24 Mar 20264 of 5 present1 independent · 42 days in between
    • 9 Feb 20264 of 5 present1 independent

  • Audit Committee

    Chair Malay Kumar Singha

    Vandana Jain, Lokesh Kumar Aggarwal

    4 meetings of 4 without a quorum

    • 30 Jun 20264 of 4 present1 independent · 39 days in between · quorum not met
    • 21 May 20263 of 3 present0 independent · 57 days in between · quorum not met
    • 24 Mar 20262 of 3 present1 independent · 42 days in between · quorum not met
    • 9 Feb 20262 of 3 present1 independent · quorum not met

  • Nomination and remuneration committee

    Chair Malay Kumar Singha

    Vandana Jain, Lokesh Kumar Aggarwal

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Vandana Jain

    Malay Kumar Singha, Lokesh Kumar Aggarwal, Rajesh Rana

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Lokesh Kumar Aggarwal

    Malay Kumar Singha, Rajesh Rana, Vandana Jain, SD PAUL, Aseema Mital

    • 24 Mar 20263 of 4 present1 independent
    • 19 Jan 20263 of 4 present1 independent

  • Corporate Social Responsibility Committee

    Chair Mugdha Sinha

    Malay Kumar Singha, Vandana Jain, Lokesh Kumar Aggarwal, Rajesh Rana

    • 24 Mar 20265 of 5 present1 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.

  • HDSG & AssociatesPeer-review certificate valid to May 2026

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.

India Tourism Development Corporation 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.India Tourism Development Corporation dividend history

Annual general meeting, 22 Sep 2026

32,916 shareholders on the register on 15 Sep 2026; present: 1 promoter and 56 others; votes counted by P.C Jain / M/s PC Jain & Co.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone Financial Statements as at 31st March, 2026 together with the Report of the Auditors, Comptroller and Auditor General of India and the Board’s Report thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.40%

    Turnout: all 87.03% · promoters 100.00% · institutions 0.21% · other public 0.02%

  2. To receive, consider and adopt the Consolidated Financial Statements as at 31st March, 2026 and Report of Auditors and Comptroller and Auditor General of India thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.55%

    Turnout: all 87.03% · promoters 100.00% · institutions 0.21% · other public 0.02%

  3. To declare a dividend of 29.5% (i.e. Rs.2.95 per share) aggregating Rs. 25.30 crore approx. on the equity share capital of the company as recommended by the Board of Directors.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.02%

    Turnout: all 87.03% · promoters 100.00% · institutions 0.21% · other public 0.02%

  4. To appoint a Director in place of Shri Rajesh Rana (DIN-10997830), Director (Commercial & Marketing), who retires by rotation pursuant to Article 61 of the Article of Association and being eligible offers himself for re-appointment.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.08%

    Turnout: all 87.03% · promoters 100.00% · institutions 0.21% · other public 0.02%

  5. To appoint Ms. Vandana Jain (AS&FA, Ministry of Tourism) (DIN- 11706666 ) as Government Nominee Director of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.23%

    Turnout: all 87.03% · promoters 100.00% · institutions 0.21% · other public 0.02%

  6. To appoint Shri Malay Kumar Singha (DIN-11776378) as Non-official (Independent) Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.61%

    Turnout: all 87.03% · promoters 100.00% · institutions 0.21% · other public 0.02%

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 Sep 2025, 9 resolutions

31,024 shareholders on the register on 9 Sep 2025; present: 1 promoter and 52 others; votes counted by Chandradip Bharati / Chandradip Bharati & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone Financial Statements as at 31st March, 2025 together with the Report of the Auditors, Comptroller and Auditor General of India and the Board’s Report thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.84%

    Turnout: all 87.05% · promoters 100.00% · institutions 0.00% · other public 0.20%

  2. To receive, consider and adopt the Consolidated Financial Statements as at 31st March, 2025 and Report of Auditors and Comptroller and Auditor General of India thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.84%

    Turnout: all 87.05% · promoters 100.00% · institutions 0.00% · other public 0.20%

  3. To declare a dividend of 29% (i.e. Rs.2.90 per share) aggregating Rs. 24.88 crore approx. on the equity share capital of the company as recommended by the Board of Directors.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.84%

    Turnout: all 87.05% · promoters 100.00% · institutions 0.00% · other public 0.20%

  4. To appoint a Director in place of Ms. Ranjana Chopra, IAS (DIN 07435946) Part Time Non-Executive Director who retires by rotation pursuant to Article 61 of the Article of Association and being eligible offers herself for re-appointment.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.84%

    Turnout: all 87.05% · promoters 100.00% · institutions 0.00% · other public 0.20%

  5. To appoint a Director in place of Shri Lokesh Kumar Aggarwal (DIN09714805), Director (Finance) who retires by rotation pursuant to Article 61 of the Article of Association and being eligible offers himself for re-appointment.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.84%

    Turnout: all 87.05% · promoters 100.00% · institutions 0.00% · other public 0.20%

  6. To appoint Ms. Mugdha Sinha, IAS (DIN- 03527870) as Managing Director of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.84%

    Turnout: all 87.05% · promoters 100.00% · institutions 0.00% · other public 0.20%

  7. To appoint Sh. Rajesh Rana (DIN- 10997830) as Director (Commercial & Marketing) of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.84%

    Turnout: all 87.05% · promoters 100.00% · institutions 0.00% · other public 0.20%

  8. To re-appoint Dr. Manan Kaushal (DIN: 09477888), Independent Director w.e.f. 16.04.2025 for a period of one year
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.84%

    Turnout: all 87.05% · promoters 100.00% · institutions 0.00% · other public 0.20%

  9. To appoint M/s Chandradip Bharati & Associates as the Secretarial Auditor of the Company for the Financial year 2025-26, 2026-27, 2027-28, 2028-29 and 2029-30
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.84%

    Turnout: all 87.05% · promoters 100.00% · institutions 0.00% · other public 0.20%

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, 6 Sep 2024, 6 resolutions

Present: 1 promoter and 48 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone Financial Statements as at 31st March, 2024 together with the Report of the Auditors, Comptroller and Auditor General of India and the Board’s Report thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.85%

    Turnout: all 87.03% · promoters 100.00% · institutions 0.00% · other public 0.07%

  2. To receive, consider and adopt the Consolidated Financial Statements as at 31st March, 2024 and Report of Auditors and Comptroller and Auditor General of India thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.85%

    Turnout: all 87.03% · promoters 100.00% · institutions 0.00% · other public 0.07%

  3. To declare a dividend of 25.2% (i.e. Rs.2.52 per share) aggregating Rs. 21.61 crore approx. on the equity share capital of the company as recommended by the Board of Directors.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.85%

    Turnout: all 87.03% · promoters 100.00% · institutions 0.00% · other public 0.07%

  4. To appoint a Director in place of Ms. Ranjana Chopra, (DIN 07435946) Part Time Non-Executive Director who retires by rotation pursuant to Article 61 of the Article of Association and being eligible offers himself for re-appointment.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.85%

    Turnout: all 87.03% · promoters 100.00% · institutions 0.00% · other public 0.07%

  5. To appoint a Director in place of Shri Lokesh Kumar Agarwal (DIN09714805), Director (Finance) who retires by rotation pursuant to Article 61 of the Article of Association and being eligible offers himself for re-appointmentMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.85%

    Turnout: all 87.03% · promoters 100.00% · institutions 0.00% · other public 0.07%

  6. To appoint Shri M.R. Synrem as Managing Director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.85%

    Turnout: all 87.03% · promoters 100.00% · institutions 0.00% · other public 0.07%

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 2023, 6 resolutions

Present: 1 promoter and 39 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone Financial Statements as at 31st March, 2023 together with the Report of the Auditors, Comptroller and Auditor General of India and the Board’s Report thereon.MoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.82%

    Turnout: all 87.08% · promoters 100.00% · institutions 90.81% · other public 0.27%

  2. To receive, consider and adopt the Consolidated Financial Statements as at 31st March, 2023 and Report of Auditors and Comptroller and Auditor General of India thereon.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.82%

    Turnout: all 87.08% · promoters 100.00% · institutions 90.81% · other public 0.27%

  3. To declare a dividend of 22% (i.e. Rs.2.20 per share) aggregating Rs. 18.87 crore approx. on the equity share capital of the company as recommended by the Board of Directors.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.42%

    Turnout: all 87.08% · promoters 100.00% · institutions 90.81% · other public 0.27%

  4. To appoint a Director in place of Dr. Sambit Patra, (DIN 03029242) Part Time Non-Executive Director and Chairman who retires by rotation pursuant to Article 61 of the Article of Association and being eligible offers himself for re-appointment.MoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.56%

    Turnout: all 87.08% · promoters 100.00% · institutions 90.81% · other public 0.27%

  5. To appoint a Director in place of Shri Lokesh Kumar Agarwal (DIN09714805), Director (Finance) who retires by rotation pursuant to Article 61 of the Article of Association and being eligible offers himself for re-appointment.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 11.74% · other public 0.56%

    Turnout: all 87.08% · promoters 100.00% · institutions 90.81% · other public 0.27%

  6. To appoint Ms. Ranjana Chopra (DIN- 07435946) as Part Time Government Nominee Director of the Company
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.50%

    Turnout: all 87.08% · promoters 100.00% · institutions 90.81% · other public 0.27%

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

Annual general meeting, 30 Sep 2022, 5 resolutions

Present: 1 promoter and 41 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone financial statements as at 31st March 2022 together with the Report of the Auditors, Comptroller and Audiror General of India and the Board's Report thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 100.00% · other public 19.36%

    Turnout: all 87.03% · promoters 100.00% · institutions 95.40% · other public 0.03%

  2. To receive , consider and adopt the consolidated financial statements as at 31st March 2022 and Report of Auditors and Comptroller and Aauditor General of India thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 100.00% · other public 19.39%

    Turnout: all 87.03% · promoters 100.00% · institutions 95.40% · other public 0.03%

  3. To appoint a Director in place of Shri G Kamala Vardhana Rao (DIN 07075723), Managing Directors who retires by rotation pursuant to Article 61 of Articles of Asociation and being eligible offers himself for reappointmentMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.37%

    Turnout: all 87.03% · promoters 100.00% · institutions 95.40% · other public 0.03%

  4. To appoint a Director in place of Shri Piyush Tiwari (DIN 07194427), Directors who retires by rotation pursuant to Article 61 of Article of Association and being eligible offers himself for reappointmentMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 100.00% · other public 27.40%

    Turnout: all 87.03% · promoters 100.00% · institutions 95.40% · other public 0.03%

  5. To appoint Mr Lokesh Kumar Aggarwal (DIN :09714805) as Director(Finance)
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 100.00% · other public 21.15%

    Turnout: all 87.03% · promoters 100.00% · institutions 95.40% · other public 0.03%

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, 15 Apr 2022, 2 resolutions

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

  1. Appointment of Dr. Anju Bajpai (DIN: 09478503) as Woman Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 20.03%

    Turnout: all 87.03% · promoters 100.00% · institutions 2.26% · other public 0.04%

  2. Appointment of Dr. Manan Kaushal (DIN: 09477888) as Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 20.07%

    Turnout: all 87.03% · promoters 100.00% · institutions 2.26% · other public 0.04%

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, 23 Dec 2021, 4 resolutions

Present: 1 promoter and 44 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone Financial Statements for the Financial Year as on 31st March 2021 together with the Report of Auditors, CAG and the Board’s Report thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 87.03% · promoters 100.00% · institutions 2.69% · other public 0.03%

  2. Adoption of Audited Consolidated Financial Statements for the Financial Year as on 31ST March 2021 and Report of Auditors and CAG thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 87.03% · promoters 100.00% · institutions 2.69% · other public 0.03%

  3. To consider the re-appointment of Mr. Piyush Tiwari (DIN: 07194427) as a Director, who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.93%

    Turnout: all 87.03% · promoters 100.00% · institutions 2.69% · other public 0.03%

  4. To appoint Dr. Sambit Patra (DIN : 03029242) as Part Time Non-Executive Director and Chairman of the Company for a period of three years from the date of assumption of charge ( i.e. 02.12.2021) or until further orders, whichever is earlier.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.96%

    Turnout: all 87.03% · promoters 100.00% · institutions 2.69% · other public 0.03%

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.

Annual general meeting, 30 Dec 2020, 4 resolutions

Present: 1 promoter and 43 others.The company's voting result (opens in a new tab)

  1. ORDINARY- To receive, consider and adopt the Standalone Financial Statements as at 31st March 2020 together with the report of the Auditors, CAG and the Boards' Report thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.54%

    Turnout: all 87.03% · promoters 100.00% · institutions 0.00% · other public 0.02%

  2. ORDINARY- To receive, consider and adopt the consolidated Financial Statements as at 31st March 2020 together with the report of the Auditors, CAG and the Boards' Report thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.54%

    Turnout: all 87.03% · promoters 100.00% · institutions 0.00% · other public 0.02%

  3. ORDINARY- To appoint a Director in place of Shri Piyush Tiwari (DIN 07194427), Director who retires by rotation pursuant to Article 61 of the Article of Association and being eligible offers himself for re-appointment.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.54%

    Turnout: all 87.03% · promoters 100.00% · institutions 0.00% · other public 0.02%

  4. ORDINARY- To appoint a Director in place of Ms. Rupinder Brar (DIN 08584254), Director who retires by rotation pursuant to Article 61 of the Article of Association and being eligible offers himself for re-appointment.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.54%

    Turnout: all 87.03% · promoters 100.00% · institutions 0.00% · other public 0.02%

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 16 Sep 2025, 1 fund house

  • To receive, consider and adopt the Standalone Financial Statements as at 31st March, 2025 together with the Report of the Auditors, Comptroller and Auditor General of India and the Board’s Report thereon.MoreLess
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundQualified Financial Statements; Material Weakness in internal financial controls. Governance Concern: Non-Compliant Audit Committee; Accounts not vetted by duly compliant audit committee; Undisputed Statutory Dues unpaid for more than 3 years and no explanation from management; High Contingent liabilities compared to Net-Worth.
    0 for1 against
  • To receive, consider and adopt the Consolidated Financial Statements as at 31st March, 2025 and Report of Auditors and Comptroller and Auditor General of India thereon.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundQualified Financial Statements; Material Weakness in internal financial controls. Governance Concern: Non-Compliant Audit Committee; Accounts not vetted by duly compliant audit committee; Undisputed Statutory Dues unpaid for more than 3 years and no explanation from management; High Contingent liabilities compared to Net-Worth.
    0 for1 against
  • To declare a dividend of 29% (i.e. Rs.2.90 per share) aggregating Rs. 24.88 crore approx. on the equity share capital of the company as recommended by the Board of Directors.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundSufficient funds available for payment of dividend. No issues on payment of dividend as an independent resolution. Governance Concern is raised in adoption of financial statements of the Company under resolution #1, dividend being appropriation post approval of accounts, cannot be paid if accounts are not voted FOR.
    0 for1 against
  • To appoint a Director in place of Ms. Ranjana Chopra, IAS (DIN 07435946) Part Time Non-Executive Director who retires by rotation pursuant to Article 61 of the Article of Association and being eligible offers herself for re-appointment.MoreLess
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. No concern on the merits of the proposed appointee. Governance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors & Woman Independent Director.
    0 for1 against
  • To appoint a Director in place of Shri Lokesh Kumar Aggarwal (DIN09714805), Director (Finance) who retires by rotation pursuant to Article 61 of the Article of Association and being eligible offers himself for re-appointment.MoreLess
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. No concern on the merits of the proposed appointee. Governance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors and woman Independent Director.
    0 for1 against
  • To appoint Ms. Mugdha Sinha, IAS (DIN- 03527870) as Managing Director of the Company
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. No concern on the merits of the proposed appointees. Governance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors and woman Independent Director. Delayed approval of shareholders.
    0 for1 against
  • To appoint Sh. Rajesh Rana (DIN- 10997830) as Director (Commercial & Marketing) of the Company
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. No concern on the merits of the proposed appointees. Governance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors and woman Independent Director. Delayed approval of shareholders.
    0 for1 against
  • To re-appoint Dr. Manan Kaushal (DIN: 09477888), Independent Director w.e.f. 16.04.2025 for a period of one year
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern on the merits of Director. Non-Compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorship, no consecutive terms between the two appointments. Governance concern: Delayed shareholder’s approval. Term of appointment is ambiguous and against spirit of the law.
    0 for1 against
  • To appoint M/s Chandradip Bharati & Associates as the Secretarial Auditor of the Company for the Financial year 2025-26, 2026-27, 2027-28, 2028-29 and 2029-30
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern on merit of the proposed Secretarial Auditors. Non-Compliant with Regulation 36(5) of SEBI LODR: Credentials of the proposed Secretarial Auditors & audit fees payable not disclosed. Transparency Concern: Fees paid to outgoing auditor not disclosed, to ascertain any material change, in the proposed audit fee.
    0 for1 against

Mutual fund votes, meeting of 15 Apr 2022, 1 fund house

  • Appointment of Dr. Anju Bajpai (DIN: 09478503) as Woman Independent Director of the Company
    1 for0 against
  • Appointment of Dr. Manan Kaushal (DIN: 09477888) as Independent Director of the Company.
    1 for0 against
2 earlier meetings

Mutual fund votes, meeting of 23 Dec 2021, 1 fund house

  • Adoption of Audited Standalone Financial Statements for the Financial Year as on 31st March 2021 together with the Report of Auditors, CAG and the Board’s Report thereon
    1 for0 against
  • Adoption of Audited Consolidated Financial Statements for the Financial Year as on 31ST March 2021 and Report of Auditors and CAG thereon
    1 for0 against
  • To consider the re-appointment of Mr. Piyush Tiwari (DIN: 07194427) as a Director, who retires by rotation and being eligible, offers himself for re-appointment.
    1 for0 against
  • To appoint Dr. Sambit Patra (DIN : 03029242) as Part Time Non-Executive Director and Chairman of the Company for a period of three years from the date of assumption of charge ( i.e. 02.12.2021) or until further orders, whichever is earlier.MoreLess
    1 for0 against

Mutual fund votes, meeting of 30 Dec 2020, 1 fund house

  • ORDINARY- To receive, consider and adopt the Standalone Financial Statements as at 31st March 2020 together with the report of the Auditors, CAG and the Boards' Report thereon.
    0 for0 against

    1 abstained

  • ORDINARY- To receive, consider and adopt the consolidated Financial Statements as at 31st March 2020 together with the report of the Auditors, CAG and the Boards' Report thereon.
    0 for0 against

    1 abstained

  • ORDINARY- To appoint a Director in place of Shri Piyush Tiwari (DIN 07194427), Director who retires by rotation pursuant to Article 61 of the Article of Association and being eligible offers himself for re-appointment.MoreLess
    0 for0 against

    1 abstained

  • ORDINARY- To appoint a Director in place of Ms. Rupinder Brar (DIN 08584254), Director who retires by rotation pursuant to Article 61 of the Article of Association and being eligible offers himself for re-appointment.MoreLess
    0 for0 against

    1 abstained

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

Fines and tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyBSESince 27 May 2026

    Imposition of fine of Rs. 955820/-(incl.GST)

    Non-compliance of following Regulations of SEBI LODR: 17(1), 18(1), 19(1)/19(2)
  • Fine or penaltyNSESince 27 May 2026

    Imposition of fine of Rs. 955820/-(incl.GST)

    Non-compliance of following Regulations of SEBI LODR: 17(1), 18(1), 19(1)/19(2)
  • Tax disputeExcise Duty (Penal)Since 31 Mar 2003
    Pending before High Court
  • Tax disputeVATSince 31 Mar 2002
    Pending before Vat Department
  • Tax disputeVATSince 31 Mar 2003
    Pending before Vat Department
  • Tax disputeService Tax PayableSince 31 Mar 2009
    Pending before Commissioner of service tax appeal
  • Tax disputeCustom DutySince 31 Mar 2005
    Pending before Custom assistant commissioner
  • Tax disputeCustom DutySince 31 Mar 2005
    Pending before Custom assistant commissioner
14 more
  • Tax disputeCustom DutySince 31 Mar 2003
    Pending before CESTAT
  • Tax disputeCustom DutySince 31 Mar 2005
    Pending before Custom assistant commissioner
  • Tax disputeCustom DutySince 31 Mar 2005
    Pending before Custom assistant commissioner
  • Tax disputeLuxury TaxSince 31 Mar 2016
    Pending before Commissioner of Luxury Tax
  • Tax disputeIncome Tax DuesSince 31 Mar 2016
    Order u/s 250 passed by CIT(A) , Pending for appeal effect order
    At the filing before: Pending before CIT(A)
  • Tax disputeIncome Tax DuesSince 31 Mar 1999
    Pending before Joint Commissioner
  • Tax disputeIncome Tax DuesSince 31 Mar 2004
    Pending before Joint Commissioner
  • Tax disputeIncome Tax DuesSince 31 Mar 2006
    Pending before Joint Commissioner
  • Tax disputeIncome Tax DuesSince 31 Mar 2008
    Pending before Joint Commissioner
  • Tax disputeIncome Tax DuesSince 31 Mar 2019
    Appeal allowed dtd 31.05.2025 - Case closed
    At the filing before: Pending before CIT(A)
  • Tax disputeIncome Tax DuesSince 31 Mar 2018
    Order u/s 250 passed by CIT(A) , Pending for appeal effect order
    At the filing before: Pending before CIT(A)
  • Tax disputeIncome Tax DuesSince 31 Mar 2018
    Appeal allowed dtd 29.06.2026 - Case closed
    At the filing before: Pending before CIT(A)
  • Tax disputeIncome Tax DuesSince 31 Mar 2020
    Case closed appeal effect given on 07.02.2026
    At the filing before: Pending before CIT(A)
  • Tax disputeIncome Tax DuesSince 31 Mar 2021
    Case closed appeal effect given on 02.02.2026
    At the filing before: Pending before CIT(A)

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
No
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
Yes
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.