Jai Balaji Industries logo

Jai Balaji Industries MD, chairman, board of directors and AGM

NSE: JAIBALAJIBSE: 532976Ferrous MetalsSmall Cap

Formerly Jai Balaji Sponge Limtied
Last close ₹63.45down ₹4.10 (6.07%)BSE ₹63.74

Share price at the NSE close on 23 Oct 2026. Previous close ₹67.55.

52-week range of traded prices to 23 Oct 2026
₹53.65Low, 30 Mar 2026₹98.20High, 23 Oct 2025
Market cap
₹5,788 Cr706th largest listed
P/E
40.0
P/B
2.6
Dividend yield
Nonein the last 12 months
ROE
6.6%
ROCE
9.1%
Debt to equity
0.18
Volume, NSE
15,36,92241.2% delivered

Jai Balaji Industries 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

  • Chairperson and managing directorAditya JajodiaRelated to the promoter
  • Company Secretary and Compliance OfficerAjay Kumar Tantia

10 directors5 independent5 executive

  • Aditya Jajodia · Chairperson and managing directorExecutive · joined Jul 1999 · reappointed Jul 2022 · 1 listed board · 2 committee seats
  • Sanjiv JajodiaExecutive · joined May 2002 · reappointed Jun 2026 · 1 listed board · 1 committee seat
  • Rajiv JajodiaExecutive · joined Jul 1999 · reappointed Sep 2025 · 1 listed board
  • Gaurav JajodiaExecutive · joined Sep 2013 · reappointed Sep 2025 · 1 listed board · 2 committee seats
  • Swati BajajIndependent · joined Aug 2018 · reappointed Aug 2023 · 95 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Bimal Kumar ChowdhuryExecutive · joined Sep 2020 · reappointed Sep 2023 · 1 listed board
  • Mamta JainIndependent · joined Aug 2023 · reappointed Aug 2023 · 35 months as independent · 1 listed board · 1 as independent
  • Rajendra Prasad RitoliaIndependent · joined Jul 2024 · reappointed Jul 2024 · 23 months as independent · 3 listed boards · 2 as independent · 2 committee seats, 1 as chair
  • Pradip Kumar TibdewalIndependent · joined Apr 2025 · reappointed Apr 2025 · 15 months as independent · 1 listed board · 1 as independent
  • Parthasarathi MukhopadhyayIndependent · joined Aug 2025 · reappointed Aug 2025 · 11 months as independent · 1 listed board · 1 as independent · 1 committee seat, 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.

3 directors who left
  • Ashim Kumar Mukherjee, left 2 Dec 2025: Tenure Completion
  • Rakhi Bajoria, left 17 Apr 2025: Tenure Completion
  • Seema Chowdhury, left 17 Apr 2025: Tenure Completion

Committees and meetings

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

  • Board

    • 30 May 20269 of 10 present5 independent · 106 days in between
    • 12 Feb 202610 of 10 present5 independent

  • Audit Committee

    Chair Parthasarathi Mukhopadhyay

    Aditya Jajodia, Swati Bajaj, Rajendra Prasad Ritolia

    • 30 May 20264 of 4 present3 independent · 106 days in between
    • 12 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Parthasarathi Mukhopadhyay

    Mamta Jain, Rajendra Prasad Ritolia

    • 30 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Rajendra Prasad Ritolia

    Aditya Jajodia, Gaurav Jajodia

    • 30 May 20262 of 3 present1 independent · 106 days in between
    • 12 Feb 20263 of 3 present1 independent

  • Risk Management Committee

    Chair Parthasarathi Mukhopadhyay

    Aditya Jajodia, Gaurav Jajodia

    • 15 May 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair Mamta Jain

    Bimal Kumar Chowdhury, Rajiv Jajodia

    • 30 May 20263 of 3 present1 independent · 106 days in between
    • 12 Feb 20263 of 3 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.

  • Das and PrasadPeer-review certificate valid to Aug 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.

Jai Balaji Industries 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.Jai Balaji Industries dividend history

Annual general meeting, 24 Sep 2026

47,873 shareholders on the register on 17 Sep 2026; present: 20 promoters and 123 others; votes counted by RAJ KUMAR BANTHIA / MKB & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Consideration and adoption of Audited Financial Statements of the Company for the financial year ended 31st March, 2026 together with the Report of the Board of Directors and the Auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 78.66% · promoters 100.00% · institutions 53.45% · other public 38.06%

  2. Appointment of Shri Rajiv Jajodia (DIN -00045192), who retires by rotation and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 78.66% · promoters 100.00% · institutions 53.45% · other public 38.06%

  3. Ratification of remuneration payable to M/s. Mondal and Associates, Proprietor Mr. Amiya Mondal, being the Cost Auditor of the Company for the financial year 2026-27
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 78.66% · promoters 100.00% · institutions 53.45% · other public 38.06%

  4. Re-appointment of Shri Sanjiv Jajodia (DIN: 00036339), as the Whole-time Director of the Company for a period of 3(three) years.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 78.66% · promoters 100.00% · institutions 53.45% · other public 38.06%

  5. Appointment of Shri Babu Swadesh Sharma (DIN 11862049) as a Director of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 78.66% · promoters 100.00% · institutions 53.45% · other public 38.06%

  6. Appointment of Shri Babu Swadesh Sharma (DIN: 11862049), as the Whole-time Director of the Company for a period of 3(three) consecutive years
    Special
    100.00% for0.00% against

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

    Turnout: all 78.66% · promoters 100.00% · institutions 53.45% · other public 38.06%

  7. Re-appointment of Shri Pradip Kumar Tibdewal (DIN: 07977787), as a Non-Executive Independent Director of the Company, for second term of 5 (five) consecutive years
    Special
    100.00% for0.00% against

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

    Turnout: all 78.66% · promoters 100.00% · institutions 53.45% · other public 38.06%

  8. Re-appointment of Parthasarathi Mukhopadhyay (DIN: 01968529), as a Non-Executive Independent Director of the Company, for second term of 5 (five) consecutive years
    Special
    100.00% for0.00% against

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

    Turnout: all 78.66% · promoters 100.00% · institutions 53.45% · other public 38.06%

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, 18 Sep 2025, 9 resolutions

42,288 shareholders on the register on 11 Sep 2025; present: 20 promoters and 93 others; votes counted by RAJ KUMAR BANTHIA / MKB & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Consideration and adoption of Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025 together with the Report of the Board of Directors and the Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.95% · promoters 100.00% · institutions 62.64% · other public 31.21%

  2. Appointment of Shri Sanjiv Jajodia (DIN - 00036339), who retires by rotation and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    99.76% for0.24% against

    Against: promoters 0.00% · institutions 8.11% · other public 0.01%

    Turnout: all 76.95% · promoters 100.00% · institutions 62.64% · other public 31.21%

  3. Appointment of M/s MKB & Associates, Practicing Company Secretaries, as the Secretarial Auditor of the Company for a period of 5 consecutive years w.e.f. F.Y. 2025-26
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.95% · promoters 100.00% · institutions 62.64% · other public 31.21%

  4. Ratification of remuneration payable to M/s. Mondal and Associates, proprietor Mr. Amiya Mondal, being the Cost Auditor of the Company for the financial year 2025-26
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.95% · promoters 100.00% · institutions 62.64% · other public 31.21%

  5. Re-appointment of Shri Rajiv Jajodia (DIN : 00045192) as the Whole-time director of the company for a period of 3 years w.e.f 1st September, 2025
    SpecialPromoters have an interest in it
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 4.46% · other public 0.01%

    Turnout: all 76.95% · promoters 100.00% · institutions 62.64% · other public 31.21%

  6. Re-appointment of Shri Gaurav Jajodia (DIN : 00028560) as the Whole-time director of the company for a period of 3 years w.e.f 1st September, 2025
    SpecialPromoters have an interest in it
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 4.47% · other public 0.01%

    Turnout: all 76.95% · promoters 100.00% · institutions 62.64% · other public 31.21%

  7. Appointment of Shri Parthasarathi Mukhopadhyay (DIN: 01968529) as the Independent Director of the company for a period of 2 years w.e.f. 08th August, 2025
    Special
    100.00% for0.00% against

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

    Turnout: all 76.95% · promoters 100.00% · institutions 62.64% · other public 31.21%

  8. Authorization to the Board for appointment of Branch Auditor(s) of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.95% · promoters 100.00% · institutions 62.64% · other public 31.21%

  9. Alteration of Articles of Association of the Company by insertion of new Article 132(c) after the existing Article 132(b)
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 4.46% · other public 0.01%

    Turnout: all 76.95% · promoters 100.00% · institutions 62.64% · other public 31.21%

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, 14 Jun 2025, 1 resolution

33,358 shareholders on the register on 9 May 2025; votes counted by RAJ KUMAR BANTHIA / MKB & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Appointment of Shri Pradip Kumar Tibdewal (DIN: 07977787) as an Independent Director of the Company
    Special
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 4.11% · other public 0.00%

    Turnout: all 77.88% · promoters 99.78% · institutions 63.30% · other public 34.54%

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, 19 Dec 2024, 3 resolutions

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

  1. Sub-division/ split of existing 1 (One) Equity Share of face value of Rs. 10/- (Rupees Ten Only) each fully paid up into 5 (Five) Equity Shares of face value of Rs. 2/- (Rupees Two Only) each fully paid upMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.83% · promoters 100.00% · institutions 56.83% · other public 31.82%

  2. Alteration of Capital Clause of the Memorandum of Association of the Company consequent to the sub-division of the face value of Equity Shares of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 76.83% · promoters 100.00% · institutions 56.83% · other public 31.82%

  3. Alteration of Articles of Association of the Company consequent to the sub-division of the face value of Equity Shares of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 76.83% · promoters 100.00% · institutions 56.83% · other public 31.82%

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, 13 Sep 2024, 11 resolutions

Present: 22 promoters and 58 others.The company's voting result (opens in a new tab)

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

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

    Turnout: all 88.99% · promoters 100.00% · institutions 77.21% · other public 67.88%

  2. To appoint a Director in place of Shri Gaurav Jajodia (DIN - 00028560), who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 6.31% · other public 0.00%

    Turnout: all 88.96% · promoters 99.90% · institutions 78.17% · other public 67.88%

  3. Ratification of remuneration payable to M/s. Mondal and Associates, proprietor Mr. Amiya Mondal, being the Cost Auditor of the Company for the financial year 2024-25.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 89.02% · promoters 100.00% · institutions 78.17% · other public 67.88%

  4. Appointment of Shri Rajendra Prasad Ritolia (DIN: 00119488) as an Independent Director of the Company for a term of 5 (Five) consecutive years with effect from 29th July, 2024.
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 2.23% · other public 0.00%

    Turnout: all 89.02% · promoters 100.00% · institutions 78.17% · other public 67.88%

  5. Approval of loans, guarantee or security u/s 185 of the Companies Act, 2013.
    SpecialPromoters have an interest in it
    95.28% for4.72% against

    Against: promoters 0.00% · institutions 47.84% · other public 0.00%

    Turnout: all 24.18% · promoters 0.00% · institutions 78.17% · other public 67.88%

  6. Revision of remuneration of Shri Aditya Jajodia (DIN: 00045114), Managing Director of the Company.
    SpecialPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 1.38% · other public 0.00%

    Turnout: all 87.08% · promoters 97.00% · institutions 78.17% · other public 67.88%

  7. Revision of remuneration of Shri Sanjiv Jajodia (DIN: 00036339), Whole-time Director of the Company.
    SpecialPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 1.38% · other public 0.00%

    Turnout: all 87.50% · promoters 97.65% · institutions 78.17% · other public 67.88%

  8. Revision of remuneration of Shri Rajiv Jajodia (DIN: 00045192), Whole-time Director of the Company.
    SpecialPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 1.38% · other public 0.00%

    Turnout: all 88.16% · promoters 98.67% · institutions 78.17% · other public 67.88%

  9. Revision of remuneration of Shri Gaurav Jajodia (DIN:00028560), Whole-time Director of the Company.
    SpecialPromoters have an interest in it
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 2.11% · other public 0.00%

    Turnout: all 88.96% · promoters 99.90% · institutions 78.17% · other public 67.88%

  10. Revision of remuneration of Shri Bimal Kumar Choudhary (DIN: 08879262), Executive Director of the Company.
    Special
    100.00% for0.00% against

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

    Turnout: all 89.02% · promoters 100.00% · institutions 78.17% · other public 67.88%

  11. Authority to the Board of Directors to issue and allot non-convertible Debentures or any other securities upto an amount not exceeding Rs. 1000 Crores in one or more tranches/series, through private placement.MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 89.02% · promoters 100.00% · institutions 78.17% · other public 67.88%

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

Postal ballot, 12 Jan 2024, 1 resolution

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

  1. Alteration in Articles of Association of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 73.85% · promoters 100.00% · institutions 24.11% · other public 35.23%

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, 30 Oct 2023, 1 resolution

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

  1. Authority to the Board of Directors to issue and allot non-convertible Debentures or any other securities upto Rs. 1000 Crores or equivalent in one or more tranches/series, through private placement.
    Special
    100.00% for0.00% against

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

    Turnout: all 76.28% · promoters 100.00% · institutions 0.00% · other public 41.34%

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, 21 Sep 2023, 8 resolutions

Present: 24 promoters and 74 others.The company's voting result (opens in a new tab)

  1. Consideration and adoption of Audited Standalone & Consolidated Financial Statements, Report of Board of Directors and Auditors thereon for the financial year ended 31st March, 2023.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.37% · promoters 100.00% · institutions 0.00% · other public 41.08%

  2. Re-Appointment of Shri Rajiv Jajodia (DIN - 00045192), who retires by rotation and being eligible seeks re-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 76.37% · promoters 100.00% · institutions 0.00% · other public 41.08%

  3. Appointment of M/s. Das & Prasad, Chartered Accountants (FRN: 303054E) as the Statutory Auditors of the Company from the conclusion of 24th Annual General Meeting until the conclusion of the 29th Annual General MeetingMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.37% · promoters 100.00% · institutions 0.00% · other public 41.08%

  4. Ratification of the remuneration of the Cost Auditors of the Company for the financial year 2023-24.n
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.37% · promoters 100.00% · institutions 0.00% · other public 41.08%

  5. Approval to give loan(s) and to give guarantee(s), provide security(ies) or make investment(s) in excess of the limits specified under section 186 of the companies Act, 2013 up to a maximum amount of Rs 1500 crores.MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 76.37% · promoters 100.00% · institutions 0.00% · other public 41.08%

  6. Re-appointment of Smt. Swati Bajaj (DIN: 01180085) as an Independent Director of the Company with effect from 13th August, 2023 for a term of 5 (Five) years.
    Special
    100.00% for0.00% against

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

    Turnout: all 76.37% · promoters 100.00% · institutions 0.00% · other public 41.08%

  7. Appointment of Smt. Mamta Jain (DIN: 10264921) as the Independent Director of the company for a period of 5 years w.e.f. 14th August, 2023.
    Special
    100.00% for0.00% against

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

    Turnout: all 76.37% · promoters 100.00% · institutions 0.00% · other public 41.08%

  8. Re-appointment of Shri Bimal Kumar Choudhary (DIN: 08879262) as an Executive Director of the company for a period of 3 years w.e.f 15th September, 2023.
    Special
    100.00% for0.00% against

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

    Turnout: all 76.37% · promoters 100.00% · institutions 0.00% · other public 41.08%

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 24 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)

  • Consideration and adoption of Audited Financial Statements of the Company for the financial year ended 31st March, 2026 together with the Report of the Board of Directors and the Auditors thereon
    1 for0 against
  • Appointment of Shri Rajiv Jajodia (DIN -00045192), who retires by rotation and being eligible, offers himself for re-appointment
    1 for0 against
  • Ratification of remuneration payable to M/s. Mondal and Associates, Proprietor Mr. Amiya Mondal, being the Cost Auditor of the Company for the financial year 2026-27
    1 for0 against
  • Re-appointment of Shri Sanjiv Jajodia (DIN: 00036339), as the Whole-time Director of the Company for a period of 3(three) years.
    1 for0 against
  • Appointment of Shri Babu Swadesh Sharma (DIN 11862049) as a Director of the Company
    1 for0 against
  • Appointment of Shri Babu Swadesh Sharma (DIN: 11862049), as the Whole-time Director of the Company for a period of 3(three) consecutive years
    1 for0 against
  • Re-appointment of Shri Pradip Kumar Tibdewal (DIN: 07977787), as a Non-Executive Independent Director of the Company, for second term of 5 (five) consecutive years
    1 for0 against
  • Re-appointment of Parthasarathi Mukhopadhyay (DIN: 01968529), as a Non-Executive Independent Director of the Company, for second term of 5 (five) consecutive years
    1 for0 against

Mutual fund votes, meeting of 18 Sep 2025, 5 fund houses

  • Consideration and adoption of Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025 together with the Report of the Board of Directors and the Auditors thereonMoreLess
    5 for0 against
  • Appointment of Shri Sanjiv Jajodia (DIN - 00036339), who retires by rotation and being eligible, offers himself for re-appointment
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Skewed Remuneration in favor of Promoter Executive Directors; no justification has been provided by the Company for the difference in pay among the Promoter & Professional Executive Directors.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merits of the proposed Appointee. Governance Concern: Skewed Remuneration in favor of Promoter EDs; no justification has been provided by the Company for the difference in pay among the Promoter & Professional EDs.
    1 for4 against
  • Appointment of M/s MKB & Associates, Practicing Company Secretaries, as the Secretarial Auditor of the Company for a period of 5 consecutive years w.e.f. F.Y. 2025-26
    5 for0 against
  • Ratification of remuneration payable to M/s. Mondal and Associates, proprietor Mr. Amiya Mondal, being the Cost Auditor of the Company for the financial year 2025-26
    5 for0 against
  • Re-appointment of Shri Rajiv Jajodia (DIN : 00045192) as the Whole-time director of the company for a period of 3 years w.e.f 1st September, 2025
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Skewed Remuneration in favor of Promoter Executive Directors; no justification has been provided by the Company for the difference in pay among the Promoter & Professional Executive Directors.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merits of the proposed Appointee. Governance Concern: Skewed Remuneration in favor of Promoter EDs; no justification has been provided by the Company for the difference in pay among the Promoter & Professional EDs.
    1 for4 against
  • Re-appointment of Shri Gaurav Jajodia (DIN : 00028560) as the Whole-time director of the company for a period of 3 years w.e.f 1st September, 2025
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Skewed Remuneration in favor of Promoter Executive Directors; no justification has been provided by the Company for the difference in pay among the Promoter & Professional Executive Directors.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merits of the proposed Appointee. Governance Concern: Skewed Remuneration in favor of Promoter EDs; no justification has been provided by the Company for the difference in pay among the Promoter & Professional EDs.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    0 for5 against
  • Appointment of Shri Parthasarathi Mukhopadhyay (DIN: 01968529) as the Independent Director of the company for a period of 2 years w.e.f. 08th August, 2025
    5 for0 against
  • Authorization to the Board for appointment of Branch Auditor(s) of the Company
    Against Mirae Asset Mutual Fund
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    4 for1 against
  • Alteration of Articles of Association of the Company by insertion of new Article 132(c) after the existing Article 132(b)
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Articles of Association is providing authority to appoint the same person as the Board Chairperson & Managing Director /CEO; such combined position may lead to concentration of powers in the hands of a single Director.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: AoA is providing authority to appoint the same person as the Board Chairperson & MD / CEO; such combined position may lead to concentration of powers in the hands of a single Director.
    1 for4 against
3 earlier meetings

Mutual fund votes, meeting of 14 Jun 2025, 5 fund houses

  • Appointment of Shri Pradip Kumar Tibdewal (DIN: 07977787) as an Independent Director of the Company
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundTerms and Conditions of appointment of proposed Independent Director not disclosed on the website of the Company.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern identified on the merits of proposed appointee. Non-Compliant with SEBI (LODR), 2015 & Companies Act, 2013: Terms and Conditions of appointment of proposed ID not disclosed on the website of the Company.
    1 for4 against

Mutual fund votes, meeting of 19 Dec 2024, 6 fund houses

  • Sub-division/ split of existing 1 (One) Equity Share of face value of Rs. 10/- (Rupees Ten Only) each fully paid up into 5 (Five) Equity Shares of face value of Rs. 2/- (Rupees Two Only) each fully paid upMoreLess
    6 for0 against
  • Alteration of Capital Clause of the Memorandum of Association of the Company consequent to the sub-division of the face value of Equity Shares of the Company
    6 for0 against
  • Alteration of Articles of Association of the Company consequent to the sub-division of the face value of Equity Shares of the Company
    6 for0 against

Mutual fund votes, meeting of 13 Sep 2024, 10 fund houses

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

  • To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March, 2024 together with the Report of the Board of Directors and the Auditors thereon.MoreLess
    10 for0 against
  • To appoint a Director in place of Shri Gaurav Jajodia (DIN - 00028560), who retires by rotation and being eligible, offers himself for re-appointment.
    Against Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Nippon India Mutual FundRe-appointment compliant with law. Governance concern: Skewed remuneration in favour of Promoter Directors.
    • Mirae Asset Mutual FundAs per internal guidelines (passive holding)
    • SBI Mutual FundGaurav Jajodia, 43, is Executive Director, Jai Balaji Industries Limited and the cousin of Aditya Jajodia, CMD. He was appointed to the board on 31 January 2008. He resigned on 5 August 2013 and re-joined the board as Non-Executive Non-Independent Director on 20 September2013. He has attended all the board meetings held in FY24. He retires by rotation and his reappointment is in line with statutory requirements. As stated by the company he has expertise in strategic planning and system & procedures and has been instrumental in shaping the corporate profile of the company. The company must articulate his roles and responsibilities as Executive Director clearly. The board of directors comprises four promoter executive directors and one professional executive director: which is excessive given the size and scale of business. Hence, we do not support the resolution.
    4 for6 against
  • Ratification of remuneration payable to M/s. Mondal and Associates, proprietor Mr. Amiya Mondal, being the Cost Auditor of the Company for the financial year 2024-25.
    9 for0 against
  • Appointment of Shri Rajendra Prasad Ritolia (DIN: 00119488) as an Independent Director of the Company for a term of 5 (Five) consecutive years with effect from 29th July, 2024.
    Against Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Nippon India Mutual FundNo concern on the merit of proposed appointee. Non-Compliance with Regulation 17(1A) of SEBI LODR, 2015: No prior approval for appointment of director above 75 years of age.
    • Motilal Oswal Mutual Fundas they are not complaint with regulations
    5 for5 against
  • Approval of loans, guarantee or security u/s 185 of the Companies Act, 2013.
    Against Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Nippon India Mutual FundNon-compliant: Non-disclosure of full particulars as required under Section 185 of Companies Act, 2013.
    • HDFC Mutual FundAs the resolution is open ended there could be a possibility that the support could be extended to other companies directly/indirectly controlled by the promoters
    • ICICI Prudential Mutual FundDue to lack of clarity on the recipients of the transaction the AMC has voted against the resolution.
    • Mirae Asset Mutual FundAs per internal guidelines (passive holding)
    • Motilal Oswal Mutual Fundas they are not complaint with regulations
    • SBI Mutual FundUnder Section 185 of Companies Act, 2013, a company may advance a loan/ give guarantee or provide any security in connection with any loan taken by any entity in which any of the directors is interested, including promoter companies. The company seeks approval to advance a loan/ give guarantee or provide security to augment the long-term resources of the company and to render support for the business requirements of the entities in which directors are interested. The company must disclose granular details including names of these companies, the nature and size of their operations and terms of support, to enable shareholders to make an informed decision. Given the lack of clarity, we do not support the resolution.
    1 for9 against
  • Revision of remuneration of Shri Aditya Jajodia (DIN: 00045114), Managing Director of the Company.
    Against Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Nippon India Mutual Fund
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Nippon India Mutual FundCompliant with law. Governance concern: Skewed remuneration in favour of Promoter Directors.
    6 for4 against
  • Revision of remuneration of Shri Sanjiv Jajodia (DIN: 00036339), Whole-time Director of the Company.
    Against Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Nippon India Mutual Fund
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Nippon India Mutual FundCompliant with law. Governance concern: Skewed remuneration in favour of Promoter Directors.
    6 for4 against
  • Revision of remuneration of Shri Rajiv Jajodia (DIN: 00045192), Whole-time Director of the Company.
    Against Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Nippon India Mutual Fund
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Nippon India Mutual FundCompliant with law. Governance concern: Skewed remuneration in favour of Promoter Directors.
    6 for4 against
  • Revision of remuneration of Shri Gaurav Jajodia (DIN:00028560), Whole-time Director of the Company.
    Against Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Nippon India Mutual FundCompliant with law. Governance concern: Skewed remuneration in favour of Promoter Directors.
    • Mirae Asset Mutual FundAs per internal guidelines (passive holding)
    • SBI Mutual FundGaurav Jajodia, 43, was appointed to the board of the company as Non-Executive Non-Independent Director in September 2013 and was later appointed as Executive Director of the company from 1 September 2022. The company must articulate his roles and responsibilities as Executive Directors clearly. The board of directors comprises of four promoter executive directors and one professional executive director: which is excessive given the size and scale of business. The company seeks to revise the remuneration payable to him from 1 April 2024 till the end of his current term on 31 August 2025. The resolution caps the increase in remuneration at 50% of existing remuneration, which is enabling. We do not support his reappointment to the board and hence we do not support the resolution.
    4 for6 against
  • Revision of remuneration of Shri Bimal Kumar Choudhary (DIN: 08879262), Executive Director of the Company.
    10 for0 against
  • Authority to the Board of Directors to issue and allot non-convertible Debentures or any other securities upto an amount not exceeding Rs. 1000 Crores in one or more tranches/series, through private placement.MoreLess
    9 for0 against
2 proposals not matched to one resolution
  • To approve, Appointment of Cost Auditors.
    1 for0 against
  • To approve, in accordance with the provisions of the Memorandum and Articles of Association of the Company.
    1 for0 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

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
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.