JK Tyre & Industries CEO, MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 3 Sep 2025, 16 fund houses

• Scheme of Amalgamation of Cavendish Industries Limited (“Transferor Company”) with JK Tyre & Industries Limited (“Transferee Company”) and their respective shareholders under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (“Act”) (“Scheme”)MoreLess

  16 for0 against

Mutual fund votes, meeting of 7 Aug 2025, 16 fund houses

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

• Receiving, considering and adoption of: a) audited standalone financial statements of the Company for the financial year ended 31st March, 2025 and 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

  15 for0 against
• Declaration of Dividend @ Rs. 3.00 per Equity Share of Rs. 2 each for the financial year ended 31st March 2025.

  16 for0 against
• Re-appointment of Dr. Arun Kumar Bajoria as a Director, who retires by rotation.

  16 for0 against
• Appointment of M/s Lodha & Co LLP, Chartered Accountants as Auditors and fixing their remuneration.

  16 for0 against
• Appointment of M/s Ronak Jhuthawat & Co., Company Secretaries as Secretarial Auditor and fixing their remuneration.

  16 for0 against
• Payment of remuneration to Shri Bharat Hari Singhania, non-executive director for the financial year ending 31st March 2026.

  ›Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, HSBC Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund

  • Angel One Mutual Fund, Nippon India Mutual FundGovernance concern: Skewed remuneration in favour of promoter director.
  • Axis Mutual FundIn FY25, Bharat Hari Singhania received a remuneration of Rs. 60.7 mn (including Rs. 20.0 mn commission and fixed pay of Rs. 40.2 mn). The total remuneration to other Non-Executive Directors for FY25 was Rs. 17.8 mn. His FY25 ratio to median employee remuneration is 92.5x, which is high for a Non-Executive Director. We raise concern that he is entitled to a fixed remuneration of Rs. 40.2 mn per annum in addition to commission which is uncapped in absolute terms. Further, there are several other promoter family members on the board. Promoter family compensation (including Bharat Hari Singhania) is high – aggregating Rs. 628.3 mn in FY25, which was 8.4% of consolidated profits before taxes and exceptional items. Therefore, we do not support this resolution.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: Skewed remuneration in favour of promoter director.
  • HDFC Mutual FundMr. Bharat Hari Singhania, is part of the promoter family and Non-Executive Director. We support his reappointment to the board as Non-Executive Director, however, the proposed remuneration to Mr. Bharat Hari Singhania is not reasonable for a Non-Executive Director. We do not support this resolution.
  • HSBC Mutual FundA vote AGAINST this resolution is warranted because the proposed pay structure of Bharat Hari Singhania comprises of a fixed element, which is more indicative of an executive role within the company. The proposed quantum of remuneration is deemed high for a non-executive role.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
  • SBI Mutual FundIn FY25, Bharat Hari Singhania received a remuneration of Rs. 60.7 mn (including Rs. 20.0 mn commission and fixed pay of Rs. 40.2 mn). The total remuneration to other Non-Executive Directors for FY25 was Rs. 17.8 mn. His FY25 ratio to median employee remuneration is 92.5x, which is high for a Non-Executive Director. We raise concern that he is entitled to a fixed remuneration of Rs. 40.2 mn per annum in addition to commission which is uncapped in absolute terms. We do not support the resolution.

  4 for12 against
• Re-appointment of Shri Anshuman Singhania as Managing Director for a period of five years with effect from 21st October 2025.

  ›Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, HSBC Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund

  • Angel One Mutual Fund, Nippon India Mutual FundGovernance concern: Skewed remuneration in favour of promoter directors; No absolute cap on variable pay.
  • Axis Mutual FundAnshuman Singhania, 46, is part of the promoter family and Managing Director. He has been on the board since 16 March 2016 and was appointed as Managing Director w.e.f. 21 October 2020. He attended all six board meetings (100%) held during FY25. He received a remuneration of Rs. 262.1 mn in FY25, which was 3.5% of consolidated profits before taxes and exceptional items and 402.6x the median employee remuneration. We are unable to reliably estimate his overall remuneration. We raise concern that the remuneration terms include a performance-linked variable pay as well as a profit-linked commission. The commission is open-ended at 2% of net profit, with power to the board to approve an even higher percentage of profits. The company must consider capping both these payouts in absolute amounts. Currently the variable pay is open-ended and consequently the entire remuneration structure is open-ended. The company must disclose performance metrics which will be used to determine the variable payout. While we support his reappointment to the board as Managing Director, given the lack of clarity and a cap on the variable pay components, we are unable to support this resolution.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: Skewed remuneration in favour of promoter directors; No absolute cap on variable pay.
  • HDFC Mutual FundMr. Anshuman Singhania, 46, is part of the promoter family and Managing Director. We support his reappointment to the board as Managing Director, however, his proposed remuneration is high considering the size of the business. We do not support the resolution.
  • HSBC Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns in the executive's remuneration as there is a lack of absolute cap on the commission element which makes the proposed remuneration structure open ended and may lead to discretionary payouts. The executive will be paid the proposed remuneration as minimum remuneration even in the event of loss or inadequate profits of the company.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
  • SBI Mutual FundAnshuman Singhania, 46, is part of the promoter family and Managing Director. He has been on the board since 16 March 2016 and was appointed as Managing Director w.e.f. 21 October 2020. He attended all six board meetings (100%) held during FY25. He received a remuneration of Rs. 262.1 mn in FY25, which was 3.5% of consolidated profits before taxes and exceptional items and 402.6x the median employee remuneration. We are unable to reliably estimate his overall remuneration. We raise concern that the remuneration terms include a performance-linked variable pay as well as a profitlinked commission. The commission is open-ended at 2% of net profit, with power to the board to approve an even higher percentage of profits. We do not support the resolution

  4 for12 against
• Ratification of remuneration payable to the Cost Auditors for financial year 2025-26.

  16 for0 against

Mutual fund votes, meeting of 7 Jan 2025, 13 fund houses

• Re-appointment of Shri Arun K. Bajoria as Whole-time Director of the Company with the designation 'Director & President – International’ for a period of two years with effect from 20th January 2025.

  ›Against Axis Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund

  • Axis Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundReappointment is compliant with law. Governance concern: Discretion of CMD/ MD to determine Variable Pay & Increment (viz., Performance linked incentive and commission).
  • Mirae Asset Mutual FundAs per advisory recommendation (passive holding)
  • Nippon India Mutual FundRemunaration is high

  7 for6 against

Mutual fund votes, meeting of 2 Aug 2024, 10 fund houses

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

• Receiving, considering and adoption of a) audited standalone financial statements of the Company for the financial year ended 31st March, 2024 and 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, 2024 and the Reports of the Auditors thereon.MoreLess

  9 for0 against
• Confirmation of payment of Interim Dividend @ Re. 1 per Equity Share of Rs. 2 each (50%) which has already been paid and declaration of Final Dividend @ Rs. 3.50 per Equity Share of Rs. 2 each (175%) for the financial year ended 31st March 2024. The total Dividend for the financial year ended 31st March 2024 aggregates to Rs. 4.50 per equity share i.e., 225%.MoreLess

  10 for0 against
• Re-appointment of Shri Bharat Hari Singhania as a Director, who retires by rotation.

  ›Against Bandhan Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, Motilal Oswal Mutual Fund

  • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundRe-appointment compliant with law. Governance Concern: Proposed remuneration excessive in nature and skewed in favour of promoters.
  • HSBC Mutual FundA vote AGAINST the following nominee is warranted because the board independence norms are not met (as per our reclassification) and Bharat Hari Singhania is a non-independent director nominee.

  6 for4 against
• Re-appointment of Smt. Meera Shankar as an Independent Director of the Company for the second term of five consecutive years with effect from 30th January 2025.

  10 for0 against
• Appointment of Shri Krishna Kumar Bangur as a Director and also as an Independent Director of the Company for a term of five consecutive years with effect from 1st June 2024.

  ›Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund

  • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundAppointment compliant with law. Governance Concern: The intent of the resolution is not clear

  7 for3 against
• Payment of remuneration to Shri Bharat Hari Singhania, non-executive director for two years commencing 1st October 2024.

  ›Against Bandhan Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, HSBC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund

  • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual FundRe-appointment compliant with law. Governance Concern: Proposed remuneration excessive in nature and skewed in favour of promoters.
  • HDFC Mutual FundThe proposed remuneration is high considering the size and complexity of the business
  • HSBC Mutual FundA vote AGAINST this resolution is warranted because: The proposed pay structure of Bharat Hari Singhania comprises a fixed element, which is more indicative of an executive role within the company. The proposed quantum of remuneration is deemed high for a non-executive role.

  4 for6 against
• Ratification of remuneration payable to the Cost Auditors for financial year 2024-25.

  10 for0 against

Mutual fund votes, meeting of 18 Dec 2023, 2 fund houses

• Appointment of Dr. Jorg Nohl as a Director liable to retire by rotation and also as an Independent Director of the Company for a term of five consecutive years w.e.f. 21st November, 2023

  ›Against Groww Mutual Fund, Motilal Oswal Mutual Fund

  • Groww Mutual Fund, Motilal Oswal Mutual FundAppointment is compliant with law. Governance Concern: Appointment as Independent Director as well as Retiring Director.

  0 for2 against
• Raising of funds by way of Qualified Institutions Placement (QIP) for an aggregate amount not exceeding Rs. 500 Crore.

  2 for0 against

Mutual fund votes, meeting of 3 Aug 2023, 1 fund house

• Receiving, considering and adoption of a) audited standalone financial statements of the Company for the financial year ended 31st March, 2023 and 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, 2023 and the Reports of the Auditors thereon.MoreLess

  1 for0 against
• Declaration of Dividend @ Rs. 2.0 per equity share of Rs. 2/- each for the financial year ended 31st March, 2023.

  1 for0 against
• Re-appointment of Shri Anshuman Singhania as a Director, who retires by rotation.

  1 for0 against
• Payment of remuneration to Shri Bharat Hari Singhania, non-executive director for the financial year ending 31st March 2024.

  1 for0 against
• Ratification of remuneration payable to the Cost Auditors for financial year 2023-24.

  1 for0 against
• Approval of related party transaction(s) between the Company and Cavendish Industries Ltd., a subsidiary.

  1 for0 against