JNK India logo

JNK India CEO, MD, chairman, board of directors and AGM

NSE: JNKINDIABSE: 544167Industrial ManufacturingSmall Cap

Last close ₹374.40down ₹10.95 (2.84%)BSE ₹374.35

Share price at the NSE close on 23 Oct 2026. Previous close ₹385.35.

52-week range of traded prices to 23 Oct 2026
₹200.92Low, 28 Jan 2026₹558.00High, 15 Jul 2026
Market cap
₹2,095 Cr1,233rd largest listed
P/E
27.8
P/B
3.7
Dividend yield
0.08%
ROE
14.1%
ROCE
14.7%
Debt to equity
0.13
Volume, NSE
1,80,69152.5% delivered

JNK India 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

  • ChairpersonArvind Kamath
  • Chief executiveDipak Kacharulal Bharuka
  • Company Secretary and Compliance OfficerMr. Ashish Soni

8 directors4 independent3 executive1 non-executive

  • Arvind Kamath · ChairpersonExecutive · joined Aug 2010 · reappointed Apr 2023 · 1 listed board · 2 committee seats
  • Goutam RampelliExecutive · joined Aug 2015 · reappointed Apr 2023 · 1 listed board · 1 committee seat
  • Dipak Kacharulal Bharuka · Chief executiveExecutive · joined Jul 2023 · reappointed Jul 2023 · 1 listed board
  • Bang Hee KimNon-executive · joined Aug 2010 · reappointed Aug 2010 · 1 listed board
  • Balraj Kishor NamdeoIndependent · joined Jun 2023 · reappointed Jun 2023 · 36 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Sudha BhushanIndependent · joined Jun 2023 · reappointed Jun 2023 · 36 months as independent · 5 listed boards · 5 as independent · 4 committee seats, 4 as chair
  • Raman Govind RajanIndependent · joined Jun 2023 · reappointed Jun 2023 · 36 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Mohammad HabibullaIndependent · joined Jul 2023 · reappointed Jul 2023 · 35 months as independent · 1 listed board · 1 as independent

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.

Committees and meetings

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

  • Board

    • 20 May 20268 of 8 present4 independent · 68 days in between
    • 12 Mar 20266 of 8 present4 independent · 30 days in between
    • 9 Feb 20268 of 8 present4 independent

  • Audit Committee

    Chair Sudha Bhushan

    Balraj Kishor Namdeo, Arvind Kamath

    • 20 May 20263 of 3 present2 independent · 54 days in between
    • 12 Mar 20263 of 3 present2 independent · 30 days in between
    • 9 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Sudha Bhushan

    Raman Govind Rajan, Balraj Kishor Namdeo, Arvind Kamath

    • 20 May 20264 of 4 present3 independent
    • 12 Mar 20264 of 4 present3 independent · 30 days in between
    • 9 Feb 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Raman Govind Rajan

    Arvind Kamath, Goutam Rampelli

    • 26 Mar 20262 of 3 present1 independent · 13 days in between

  • Risk Management Committee

    Chair Balraj Kishor Namdeo

    Arvind Kamath, Goutam Rampelli, Dipak Kacharulal Bharuka

    • 9 Feb 20263 of 4 present1 independent

  • Corporate Social Responsibility Committee

    Chair Arvind Kamath

    Goutam Rampelli, Raman Govind Rajan

    • 20 May 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 Jun 2026.

  • PG Bhagwat LLPPeer-review certificate valid to May 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.

JNK India 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.JNK India dividend history

Annual general meeting, 25 Sep 2026

53,869 shareholders on the register on 18 Sep 2026; present: 8 promoters and 44 others; votes counted by Suman Sureka / Suman Sureka & Associates.The company's voting result (opens in a new tab)

  1. 1. To receive, consider and adopt the – a. Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon; and b. Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 81.27% · promoters 99.72% · institutions 96.76% · other public 14.89%

  2. 2. To declare a final dividend of Rs. 0.30 per share (15 %) on 5,59,53,915 fully paid up equity shares of Rs. 2/- each of the Company for the financial year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 81.27% · promoters 99.72% · institutions 96.76% · other public 14.89%

  3. 3. To appoint a Director in place of Mr. Dipak Bharuka (DIN: 09187979), 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 0.02%

    Turnout: all 81.27% · promoters 99.72% · institutions 96.76% · other public 14.89%

  4. 4. To ratify the remuneration of M/s. Shekhar Joshi & Co., Cost Accountants, Cost Auditors of the Company, for the financial year ending on March 31, 2027.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 81.27% · promoters 99.72% · institutions 96.76% · other public 14.89%

  5. 5. To pay the professional fees for technical consultancy services to Mr. Bang Hee Kim (DIN: 03117636), Non-Executive Director of the Company, for the financial year 2026-2027
    Ordinary
    90.46% for9.54% against

    Against: promoters 0.00% · institutions 73.90% · other public 0.02%

    Turnout: all 81.27% · promoters 99.72% · institutions 96.76% · other public 14.89%

  6. 6. To approve the material related party transaction(s)
    OrdinaryPromoters have an interest in it
    92.74% for7.26% against

    Against: promoters 0.00% · institutions 9.46% · other public 0.01%

    Turnout: all 13.68% · promoters 0.00% · institutions 96.76% · other public 14.89%

  7. 7. To alter Object Clause of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 81.27% · promoters 99.72% · institutions 96.76% · other public 14.89%

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, 7 Feb 2026, 2 resolutions

56,086 shareholders on the register on 2 Jan 2026; votes counted by Suman Sureka / Suman Sureka & Associates.The company's voting result (opens in a new tab)

  1. 1. Material Related Party Transactions with JNK Chemdist Technologies Private Limited, subsidiary of JNK India Limited.
    OrdinaryPromoters have an interest in it
    67.62% for32.38% against

    Against: promoters 0.00% · institutions 36.40% · other public 0.76%

    Turnout: all 17.71% · promoters 0.00% · institutions 99.91% · other public 12.11%

  2. 2. Material Related Party Transactions between JNK Chemdist Technologies Private Limited (“JCTPL”), subsidiary of JNK India Limited, and Chemdist Process Solutions Private Limited (“CPSPL”), related party of JCTPLMoreLess
    OrdinaryPromoters have an interest in it
    67.62% for32.38% against

    Against: promoters 0.00% · institutions 36.40% · other public 0.76%

    Turnout: all 17.71% · promoters 0.00% · institutions 99.91% · other public 12.11%

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.

Annual general meeting, 25 Sep 2025, 11 resolutions

54,855 shareholders on the register on 18 Sep 2025; present: 7 promoters and 37 others; votes counted by Suman Sureka / Suman Sureka & Associates.The company's voting result (opens in a new tab)

  1. 1 - To receive, consider and adopt the – a. Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon; and b. Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.30%

    Turnout: all 86.85% · promoters 98.68% · institutions 98.60% · other public 13.32%

  2. 2 - To declare a final dividend of Rs. 0.30 per share (15 %) on 5,59,53,915 fully paid up equity shares of Rs. 2/- each of the Company for the financial year ended March 31, 2025.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 86.85% · promoters 98.68% · institutions 98.60% · other public 13.32%

  3. 3 - To appoint a Director in place of Mr. Goutam Rampelli (DIN: 07262728), who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.31%

    Turnout: all 86.85% · promoters 98.68% · institutions 98.60% · other public 13.32%

  4. 4 - To ratify the remuneration of M/s. Shekhar Joshi & Co., Cost Accountants, Cost Auditors of the Company, for the financial year ending on March 31, 2026.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.30%

    Turnout: all 86.85% · promoters 98.68% · institutions 98.60% · other public 13.32%

  5. 5 - To pay the professional fees for technical consultancy services to Mr. Bang Hee Kim (DIN: 03117636), Non-Executive Director of the Company, for the financial year 2025-2026 (with effect from June 1, 2025).MoreLess
    Special
    78.92% for21.08% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.31%

    Turnout: all 86.85% · promoters 98.68% · institutions 98.60% · other public 13.32%

  6. 6 - To appoint M/s. Suman Sureka & Associates, Company Secretaries, as Secretarial Auditors of the Company and to fix their remuneration.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.30%

    Turnout: all 86.85% · promoters 98.68% · institutions 98.60% · other public 13.32%

  7. 7 - To approve the increase in overall borrowing limits of the Company as per section 180 (1) (c) of the Companies Act, 2013.
    Special
    97.61% for2.39% against

    Against: promoters 0.00% · institutions 11.30% · other public 0.34%

    Turnout: all 86.85% · promoters 98.68% · institutions 98.60% · other public 13.32%

  8. 8 - To approve the creating of charge/ providing security for the borrowings as per section 180 (1) (a) of the Companies Act, 2013.
    Special
    98.35% for1.65% against

    Against: promoters 0.00% · institutions 7.81% · other public 0.34%

    Turnout: all 86.85% · promoters 98.68% · institutions 98.60% · other public 13.32%

  9. 9 - To approve the providing of any loans, guarantees, or security to the entities in which directors are interested under section 185 of the Companies Act, 2013.
    Special
    78.94% for21.06% against

    Against: promoters 0.00% · institutions 99.91% · other public 0.31%

    Turnout: all 86.85% · promoters 98.68% · institutions 98.60% · other public 13.32%

  10. 10 - To approve the material related party transaction(s).
    SpecialPromoters have an interest in it
    92.87% for7.13% against

    Against: promoters 0.00% · institutions 7.81% · other public 0.30%

    Turnout: all 20.14% · promoters 0.00% · institutions 98.60% · other public 13.31%

  11. 11 - To approve the continuation of directorship of Mr. Goutam Rampelli (DIN: 07262728), Whole Time Director of the Company, beyond the age of 70 years.
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.32%

    Turnout: all 86.85% · promoters 98.68% · institutions 98.60% · other public 13.32%

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, 28 Oct 2024, 7 resolutions

Present: 4 promoters and 37 others.The company's voting result (opens in a new tab)

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

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

    Turnout: all 89.62% · promoters 100.00% · institutions 97.65% · other public 2.06%

  2. 2 - To declare a final dividend of Rs. 0.30 per share (15%) on 5,56,20,915 fully paid up equity shares of Rs. 2/- each of the Company for the financial year ended March 31, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 89.62% · promoters 100.00% · institutions 97.65% · other public 2.06%

  3. 3 - To appoint a Director in place of Mr. Arvind Kamath (DIN: 00656181), who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.49% for0.51% against

    Against: promoters 0.00% · institutions 2.11% · other public 0.11%

    Turnout: all 89.62% · promoters 100.00% · institutions 97.65% · other public 2.06%

  4. 4 - To appoint a Director in place of Mr. Bang Hee Kim (DIN: 03117636), 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 0.71% · other public 0.11%

    Turnout: all 89.62% · promoters 100.00% · institutions 97.65% · other public 2.06%

  5. 5 - To appoint M/s. P G Bhagwat LLP, Chartered Accountants, as Statutory Auditors of the Company and to fix their remuneration.
    Ordinary
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 1.07% · other public 0.00%

    Turnout: all 89.62% · promoters 100.00% · institutions 97.65% · other public 2.06%

  6. 6 - To ratify the remuneration of M/s. Shekhar Joshi & Co., Cost Accountants, Cost Auditors of the Company, for the financial year ended/ending on March 31, 2023, March 31, 2024 and March 31, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 89.62% · promoters 100.00% · institutions 97.65% · other public 2.06%

  7. 7 - To pay the professional fees for technical consultancy services to Mr. Bang Hee Kim (DIN: 03117636), Non-Executive Director of the Company, for the financial year 2024-2025 (with effect from June 1, 2024)MoreLess
    OrdinaryPromoters have an interest in it
    96.90% for3.10% against

    Against: promoters 0.00% · institutions 12.95% · other public 0.10%

    Turnout: all 89.62% · promoters 100.00% · institutions 97.65% · other public 2.06%

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.

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

  • 1. To receive, consider and adopt the – a. Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon; and b. Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon.MoreLess
    1 for0 against
  • 2. To declare a final dividend of Rs. 0.30 per share (15 %) on 5,59,53,915 fully paid up equity shares of Rs. 2/- each of the Company for the financial year ended March 31, 2026.
    1 for0 against
  • 3. To appoint a Director in place of Mr. Dipak Bharuka (DIN: 09187979), who retires by rotation and being eligible, offers himself for re-appointment.
    1 for0 against
  • 4. To ratify the remuneration of M/s. Shekhar Joshi & Co., Cost Accountants, Cost Auditors of the Company, for the financial year ending on March 31, 2027.
    1 for0 against
  • 5. To pay the professional fees for technical consultancy services to Mr. Bang Hee Kim (DIN: 03117636), Non-Executive Director of the Company, for the financial year 2026-2027
    Against DSP Mutual Fund
    • DSP Mutual FundBang Hee Kim, 65, is the CEO of JNK Global Co. Limited, a promoter entity holding 17.96% stake in the company on 30 June 2026. He has served as Non-Executive Non-Independent Director on JNK India’s board since 16 August 2010. He attended four out of six (67%) board meetings held in FY26 and twenty-three out of twenty-nine (79.3%) board meetings held over the last three years. We expect directors to attend all board meetings and, at a minimum, 75% board meetings in a year.The company avails technical consultancy services/ guidance from Bang Hee Kim under a consultant agreement dated 1 April 2023 for which he is paid professional fees. He received Rs. 22.5 mn as professional fee in FY26 and his proposed remuneration for FY27 is Rs. 30.0 mn (~4% of FY26 PBT), which is high. The company already has a technical collaboration with JNK Global Co Limited – therefore, the company must clarify the reason for the additional professional fees to be paid to Bang Hee Kim. We do not support the resolution.
    0 for1 against
  • 6. To approve the material related party transaction(s)
    1 for0 against
  • 7. To alter Object Clause of the Company
    1 for0 against

Mutual fund votes, meeting of 7 Feb 2026, 5 fund houses

  • 1. Material Related Party Transactions with JNK Chemdist Technologies Private Limited, subsidiary of JNK India Limited.
    Against Kotak Mahindra Mutual Fund, LIC Mutual Fund
    • Kotak Mahindra Mutual FundThe Company is extending financial and non-financial support to JCTPL, a newly incorporated subsidiary in which it holds a 51% stake. This is a new strategic initiative and that such support may be required at this stage, and accordingly we raise no concerns with the support extended to JNK Chemdist. However, we do not have clarity on the nature and extent of support, if any, to be provided by the remaining 49% shareholders of JCTPL.. As company states, the entire financial assistance of Rs. 70 cr is provided by the company. In this 70 Cr, 30 Cr is unsecured loan, 10 cr in the form of preference share and rest is corporate guarantee. To assess the overall risk allocation, particularly given that JCTPL is newly incorporated and has not yet demonstrated its financial or operational capabilities, we do not have enough information to support this rational. Hence, we do not support the resolution.
    • LIC Mutual FundGovernance and Transparency concern: The Company is extending financial and non-financial support to JCTPL, a newly incorporated subsidiary in which it holds a 51% stake. It is understood that this is a new strategic initiative and that such support may be required at this stage, and accordingly no concerns are identified with the support extended per se. However, there is no clarity on the nature and extent of support, if any, to be provided by the remaining 49% shareholders of JCTPL. This information is essential to assess the overall risk allocation, particularly given that JCTPL is newly incorporated and has not yet demonstrated its financial or operational capabilities. Further, the Company has not disclosed how the terms of the loan/deposit, the absence of guarantee commission, and the preference share investment comply with the arm s length principle. Accordingly, governance and transparency concerns are identified in relation to the RPT
    3 for2 against
  • 2. Material Related Party Transactions between JNK Chemdist Technologies Private Limited (“JCTPL”), subsidiary of JNK India Limited, and Chemdist Process Solutions Private Limited (“CPSPL”), related party of JCTPLMoreLess
    Against Kotak Mahindra Mutual Fund, LIC Mutual Fund
    • Kotak Mahindra Mutual FundAs company states, the Company is proposing to provide financial support (as mentioned in Resolution # 1) to JCTPL for operational growth and for the ability to service the proposed subcontracting arrangements to the tune of Rs. 84 crore, which shall be realised from CPSPL on execution of the orders. However, we do not have assurance about the future order and exact benefit to JNK India. Hence, we do not support the resolution.
    • LIC Mutual FundGovernance and Transparency Concern: Basis for arm s length pricing has not been disclosed for the subcontracting-related RPTs proposed. It appears that JCTPL would be undertaking these RPTs with CPSPL largely using the financial and non-financial support extended by the Company under Resolution No. 1, which raises concerns given that JCTPL is newly incorporated and there is no clarity on the support to be provided by the other shareholders. Additionally, CPSPL s financials do not indicate adequate capacity to meet the subcontracting consideration payable to JCTPL
    3 for2 against
2 earlier meetings

Mutual fund votes, meeting of 25 Sep 2025, 5 fund houses

  • 1 - To receive, consider and adopt the – a. Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon; and b. Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.MoreLess
    5 for0 against
  • 2 - To declare a final dividend of Rs. 0.30 per share (15 %) on 5,59,53,915 fully paid up equity shares of Rs. 2/- each of the Company for the financial year ended March 31, 2025.
    5 for0 against
  • 3 - To appoint a Director in place of Mr. Goutam Rampelli (DIN: 07262728), who retires by rotation and being eligible, offers himself for re-appointment.
    5 for0 against
  • 4 - To ratify the remuneration of M/s. Shekhar Joshi & Co., Cost Accountants, Cost Auditors of the Company, for the financial year ending on March 31, 2026.
    5 for0 against
  • 5 - To pay the professional fees for technical consultancy services to Mr. Bang Hee Kim (DIN: 03117636), Non-Executive Director of the Company, for the financial year 2025-2026 (with effect from June 1, 2025).MoreLess
    Against HDFC Mutual Fund, Invesco Mutual Fund, Kotak Mahindra Mutual Fund, LIC Mutual Fund, Mirae Asset Mutual Fund
    • HDFC Mutual FundMr. Bang Hee Kim, 64, is the CEO of JNK Global Co. Limited. The company avails technical consultancy services/ guidance from Bang Hee Kim under a consultant agreement dated 1 April 2023 for which he is paid professional fees. With reduced profitability in FY25, the proposed payment is high. Further, the company already has a technical collaboration with JNK Global Co Limited – therefore, the company must clarify the reason for the additional professional fees to be paid to Bang Hee Kim. We do not support the resolution.
    • Invesco Mutual FundBang Hee Kim, 64, is the CEO of JNK Global Co. Limited, a promoter entity holding 18.01% of the company’s equity as on 30 June 2025. He has served as Non-Executive Non-Independent Director on JNK India’s board since 16 August 2010. He attended eight out of eleven (73%) board meetings held in FY25 and twenty-five out of thirty-one (81%) board meetings held over the last three years. We expect directors to attend all board meetings and, at a minimum, 75% board meetings in a year. The company avails technical consultancy services/ guidance from Bang Hee Kim under a consultant agreement dated 1 April 2023 for which he is paid professional fees. While shareholder approval for FY25 was sought at Rs. 2.25 mn per month (Rs. 27.0 mn annually) from June 2024, the annual report discloses that he was paid Rs. 32.5 mn – higher than the approved limit. With reduced profitability in FY25, the proposed payment aggregates almost 10.0% of FY25 PBT, which is high. Further, the company already has a technical collaboration with JNK Global Co Limited – therefore, the company must clarify the reason for the additional professional fees to be paid to Bang Hee Kim. We do not support the resolution.
    • Kotak Mahindra Mutual FundBang Hee Kim, 64, is the CEO of JNK Global Co. Limited, a promoter entity holding 18.01% of the company s equity as on 30 June 2025. He has served as Non-Executive Non-Independent Director on JNK India s board since 16 August 2010. He attended eight out of eleven (73%) board meetings held in FY25 and twenty-five out of thirty-one (81%) board meetings held over the last three years. As per the regulatory requirement, company need to take approval within 3 months of the appointment. In this case, company failed to do so. Hence, we do not favour the resolution.
    • LIC Mutual FundPrior approval not sought. Governance & Transparency Concern: Inadequate disclosures regarding the basis of arriving at the proposed pay and why the consultancy fee is required and why only him Fairness cannot be ascertained.
    • Mirae Asset Mutual Fundthe proposed payment aggregates almost 10.0% of FY25 PBT, which is high. We do not support the resolution.
    0 for5 against
  • 6 - To appoint M/s. Suman Sureka & Associates, Company Secretaries, as Secretarial Auditors of the Company and to fix their remuneration.
    5 for0 against
  • 7 - To approve the increase in overall borrowing limits of the Company as per section 180 (1) (c) of the Companies Act, 2013.
    Against LIC Mutual Fund, Mirae Asset Mutual Fund
    • LIC Mutual FundTransparency Concern: The Company has not disclosed the existing non-fund-based borrowings.
    • Mirae Asset Mutual FundThe company must articulate the capital structure it propose to maintain as it raises its debt levels.
    3 for2 against
  • 8 - To approve the creating of charge/ providing security for the borrowings as per section 180 (1) (a) of the Companies Act, 2013.
    Against LIC Mutual Fund
    • LIC Mutual FundTransparency Concern: The Company has not disclosed the existing non-fund-based borrowings.
    4 for1 against
  • 9 - To approve the providing of any loans, guarantees, or security to the entities in which directors are interested under section 185 of the Companies Act, 2013.
    Against HDFC Mutual Fund, Invesco Mutual Fund, Kotak Mahindra Mutual Fund, LIC Mutual Fund, Mirae Asset Mutual Fund
    • HDFC Mutual FundThe company seeks shareholder approval to provide loans, guarantees and security to entities in which directors are interested upto Rs. 1.0 bn. The resolution is enabling in nature. Further, under Section 185, financial support may be extended to entities in which directors are interested. The company should have provided clarity on the specific entities involved, the nature of the company’s interest, and the rationale for extending such support. In the absence of disclosures, we do not support the resolution.
    • Invesco Mutual FundThe company seeks shareholder approval to provide loans, guarantees and security to entities in which directors are interested upto Rs. 1.0 bn. The resolution is enabling in nature. Further, under Section 185, financial support may be extended to entities in which directors are interested. The company should have provided clarity on the specific entities involved, the nature of the company’s interest, and the rationale for extending such support. In the absence of disclosures, we do not support the resolution
    • Kotak Mahindra Mutual FundThe Company has not disclosed the details of the entities to which the Company intends to provide financial assistance by the way of providing loans, guarantees, or security. The Company has also not disclosed details of any assistance provided by other shareholders of such entities. Due to uncleared details about the resolution, we cannot favour the resolutions.
    • LIC Mutual FundNon-disclosure of full particulars as required under Section 185 of Companies Act, 2013.
    • Mirae Asset Mutual Fund. The company should have provided clarity on the specific entities involved, the nature of the company’s interest, and the rationale for extending such support. In the absence of disclosures, we do not support the resolution.
    0 for5 against
  • 10 - To approve the material related party transaction(s).
    Against LIC Mutual Fund
    • LIC Mutual FundOmnibus approval sought for more than 1 year. Governance concern: Basis of arm s length pricing not disclosed.
    4 for1 against
  • 11 - To approve the continuation of directorship of Mr. Goutam Rampelli (DIN: 07262728), Whole Time Director of the Company, beyond the age of 70 years.
    5 for0 against

Mutual fund votes, meeting of 28 Oct 2024, 9 fund houses

  • 1 - To receive, consider and adopt the –na. Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon; andnb. Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Report of the Auditors thereonMoreLess
    9 for0 against
  • 2 - To declare a final dividend of Rs. 0.30 per share (15%) on 5,56,20,915 fully paid up equity shares of Rs. 2/- each of the Company for the financial year ended March 31, 2024.
    9 for0 against
  • 3 - To appoint a Director in place of Mr. Arvind Kamath (DIN: 00656181), who retires by rotation and being eligible, offers himself for re-appointment.
    Against Edelweiss Mutual Fund
    • Edelweiss Mutual FundRe-appointment compliant with law. Governance Concern: Director holds two full-time positions. Combined position of ED & Chairperson.
    8 for1 against
  • 4 - To appoint a Director in place of Mr. Bang Hee Kim (DIN: 03117636), who retires by rotation and being eligible, offers himself for re-appointment.
    9 for0 against
  • 5 - To appoint M/s. P G Bhagwat LLP, Chartered Accountants, as Statutory Auditors of the Company and to fix their remuneration.
    Against Edelweiss Mutual Fund
    • Edelweiss Mutual FundNo issues on merits of the proposed Statutory Auditors. Non-Compliant with Regulation 36(5) of SEBI LODR: Proposed audit fee payable to Statutory Auditors is not disclosed. Material change in Audit Fee cannot be ascertained.
    8 for1 against
  • 6 - To ratify the remuneration of M/s. Shekhar Joshi & Co., Cost Accountants, Cost Auditors of the Company, for the financial year ended/ending on March 31, 2023, March 31, 2024 and March 31, 2025.
    9 for0 against
  • 7 - To pay the professional fees for technical consultancy services to Mr. Bang Hee Kim (DIN: 03117636), Non-Executive Director of the Company, for the financial year 2024-2025 (with effect from June 1, 2024)MoreLess
    Against Edelweiss Mutual Fund
    • Edelweiss Mutual FundNon-compliance with Companies Act, 2013: Prior approval not sought. Governance & Transparency Concern: Inadequate disclosures regarding the basis of arriving at the proposed pay. Fairness cannot be ascertained.
    8 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

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
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.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Public IssuesApr 2024, checked by CRISIL Ratings Limited30.00––No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.