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Jtekt India MD, chairman, board of directors and AGM

NSE: JTEKTINDIABSE: 520057Auto ComponentsSmall Cap

Formerly Sona Koyo Steering Systems
Last close ₹108.85down ₹4.52 (3.99%)BSE ₹108.80

Share price at the NSE close on 23 Oct 2026. Previous close ₹113.37.

52-week range of traded prices to 23 Oct 2026
₹108.15Low, 23 Oct 2026₹171.31High, 3 Nov 2025
Market cap
₹3,019 Cr884th largest listed
P/E
41.8
P/B
2.5
Dividend yield
0.69%
ROE
7.0%
ROCE
6.6%
Debt to equity
0.28
Volume, NSE
90,66548.7% delivered

Jtekt India board of directors

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

  • Chairperson and managing directorMinoru Sugisawa
  • Company Secretary and Compliance OfficerSaurabh Agrawal

8 directors4 independent3 executive1 non-executive

  • Minoru Sugisawa · Chairperson and managing directorExecutive · joined Jun 2023 · 1 listed board
  • Rajiv ChananaExecutive · joined Jun 2022 · 1 listed board · 1 committee seat
  • Yosuke FujiwaraExecutive · joined Feb 2025 · 1 listed board · 2 committee seats
  • Deepak ThukralNon-executive · joined Sep 2024 · 1 listed board
  • Hiroko NoseIndependent · joined Aug 2018 · reappointed Aug 2023 · 97 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Masahiko MorimotoIndependent · joined Nov 2021 · reappointed Nov 2021 · 58 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Hiroshi DaikokuIndependent · joined Aug 2023 · reappointed Aug 2023 · 37 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Deepika GeraIndependent · joined May 2024 · reappointed May 2024 · 28 months as independent · 1 listed board · 1 as independent · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Hitoshi Mogi, left 1 Jan 2025: Others

Committees and meetings

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

  • Board

    • 13 Aug 20268 of 8 present4 independent · 90 days in between
    • 14 May 20268 of 8 present4 independent

  • Audit Committee

    Chair Hiroko Nose

    Masahiko Morimoto, Deepika Gera, Yosuke Fujiwara

    • 13 Aug 20264 of 4 present3 independent · 90 days in between
    • 14 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Hiroshi Daikoku

    Hiroko Nose, Deepika Gera

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Hiroshi Daikoku

    Rajiv Chanana, Yosuke Fujiwara

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Masahiko Morimoto

    Rajiv Chanana, Yosuke Fujiwara

    • 10 Sep 20263 of 3 present1 independent · 195 days in between
    • 26 Feb 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair Deepika Gera

    Hiroshi Daikoku, Rajiv Chanana

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • B S R & CO. LLPPeer-review certificate valid to Jul 2028
1 earlier auditor
  • BSR and Company LLPNamed in the filing for the quarter to Mar 2025

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.

Jtekt 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.Jtekt India dividend history

Annual general meeting, 26 Aug 2026

52,397 shareholders on the register on 19 Aug 2026; present: 2 promoters and 240 others; votes counted by SAURABH AGRAWAL / SAURABH AGRAWAL & CO..The company's voting result (opens in a new tab)

  1. Adoption Audited Financial Statements for the financial year ended 31st March, 2026, including audited Balance Sheet as at 31st March, 2026, the Statements of Profit and Loss and Cash Flow Statement for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 30.40%

    Turnout: all 85.48% · promoters 100.00% · institutions 97.57% · other public 0.18%

  2. Declaration of Dividend on equity shares for the year ended 31st March, 2026.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 30.40%

    Turnout: all 85.48% · promoters 100.00% · institutions 97.57% · other public 0.18%

  3. Re-appointment of Mr. Yosuke Fujiwara (DIN : 09167191) who retires by rotation and being eligible,offers himself for re-appointment.
    Ordinary
    99.78% for0.22% against

    Against: promoters 0.00% · institutions 1.70% · other public 30.48%

    Turnout: all 85.48% · promoters 100.00% · institutions 97.57% · other public 0.18%

  4. Re-appointment of Mr. Minoru Sugisawa (DIN: 10119891) as Chairman & Managing Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 30.48%

    Turnout: all 85.48% · promoters 100.00% · institutions 97.57% · other public 0.18%

  5. Re-appointment of Mr. Rajiv Chanana (DIN : 02630192) as Wholetime Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 32.72%

    Turnout: all 85.47% · promoters 100.00% · institutions 97.57% · other public 0.17%

  6. Re-appointment of Mr. Masahiko Morimoto (DIN : 06933969) as a Non-Executive Independent Director.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 30.85%

    Turnout: all 85.48% · promoters 100.00% · institutions 97.57% · other public 0.18%

  7. Revision in remuneration of Mr. Yosuke Fujiwara (DIN : 09167191), Wholetime Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 30.85%

    Turnout: all 85.48% · promoters 100.00% · institutions 97.57% · other public 0.18%

  8. Re-appointment of Mr. Yosuke Fujiwara (DIN : 09167191) as Wholetime Director of the Company.
    Special
    99.73% for0.27% against

    Against: promoters 0.00% · institutions 2.16% · other public 30.85%

    Turnout: all 85.48% · promoters 100.00% · institutions 97.57% · other public 0.18%

  9. Approval to Increase in borrowing power of the Company under Section 180(1)(c) of the Companies Act, 2013.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 30.59%

    Turnout: all 85.48% · promoters 100.00% · institutions 97.57% · other public 0.18%

  10. Approval to enter into material related party transactions with Maruti Suzuki India Limited.
    SpecialPromoters have an interest in it
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 32.01%

    Turnout: all 10.49% · promoters 0.00% · institutions 97.57% · other public 0.17%

  11. Approval to enter into material related party transactions with JTEKT Corporation.
    SpecialPromoters have an interest in it
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 32.01%

    Turnout: all 10.49% · promoters 0.00% · institutions 97.57% · other public 0.17%

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 Aug 2025, 8 resolutions

54,975 shareholders on the register on 21 Aug 2025; present: 4 promoters and 235 others; votes counted by SAURABH AGRAWAL / SAURABH AGRAWAL & CO..The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements for the financial year ended 31st March, 2025, including audited Balance Sheet as at 31st March, 2025, the Statements of Profit and Loss and Cash Flow Statement for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 28.56%

    Turnout: all 86.55% · promoters 100.00% · institutions 98.27% · other public 0.23%

  2. Declaration of dividend for the financial year ended 31st March, 2025.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.26%

    Turnout: all 86.55% · promoters 100.00% · institutions 98.27% · other public 0.24%

  3. Re-appointment of Mr. Deepak Thukral (DIN 10742586) who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.29%

    Turnout: all 86.55% · promoters 100.00% · institutions 98.27% · other public 0.24%

  4. Appointment of Mr. Krishna Kumar Singh (Membership No. F8493, CP No. 9760 and Peer Review No. 2105/2022) as Secretarial Auditor of the Company for a period of consecutive five years.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.26%

    Turnout: all 86.55% · promoters 100.00% · institutions 98.27% · other public 0.24%

  5. Re-appointment of Mr. Rajiv Chanana (DIN 02630192) as Wholetime Director for a period of one year.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.29%

    Turnout: all 86.55% · promoters 100.00% · institutions 98.27% · other public 0.24%

  6. Approval to enter into material related party transactions with Maruti Suzuki India Limited.
    OrdinaryPromoters have an interest in it
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 30.03%

    Turnout: all 11.56% · promoters 0.00% · institutions 98.27% · other public 0.22%

  7. Approval to enter into material related party transactions with JTEKT Corporation
    OrdinaryPromoters have an interest in it
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 30.03%

    Turnout: all 11.56% · promoters 0.00% · institutions 98.27% · other public 0.22%

  8. Revision in remuneration of Mr. Yosuke Fujiwara (DIN 09167191), Wholetime Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 28.82%

    Turnout: all 86.55% · promoters 100.00% · institutions 98.27% · other public 0.23%

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, 11 Mar 2025, 3 resolutions

56,203 shareholders on the register on 5 Feb 2025; votes counted by Ms. Pooja Jain / Saurabh Agrawal & Company.The company's voting result (opens in a new tab)

  1. To re-designate the position of Mr. Minoru Sugisawa (DIN-10119891) from Wholetime Director to Chairman & Managing Director of the Company.
    Special
    96.94% for3.06% against

    Against: promoters 0.00% · institutions 26.94% · other public 12.00%

    Turnout: all 84.64% · promoters 100.00% · institutions 98.19% · other public 0.41%

  2. To appoint Mr. Yosuke Fujiwara (DIN-09167191) as Wholetime Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.41%

    Turnout: all 84.64% · promoters 100.00% · institutions 98.19% · other public 0.41%

  3. To approve payment of remuneration to Mr. Yosuke Fujiwara (DIN-09167191) as Wholetime Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.87%

    Turnout: all 84.64% · promoters 100.00% · institutions 98.19% · other public 0.41%

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, 16 Oct 2024, 1 resolution

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

  1. Appointment of Mr. Deepak Thukral as Director of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 2.79%

    Turnout: all 74.27% · promoters 92.37% · institutions 90.84% · other public 0.38%

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 Aug 2024, 7 resolutions

Present: 2 promoters and 203 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements for the financial year ended 31st March, 2024, including Audited Balance Sheet as at 31st March, 2024, the Statement of Profit & Loss and Cash Flow Statement for the year ended on that date and the Reports of Board of Directors and Auditors thereonMoreLess
    Ordinary
    99.44% for0.56% against

    Against: promoters 0.00% · institutions 4.99% · other public 0.00%

    Turnout: all 85.19% · promoters 100.00% · institutions 96.62% · other public 4.67%

  2. Declaration of Dividend for the financial year ended 31st March 2024
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 85.19% · promoters 100.00% · institutions 96.62% · other public 4.67%

  3. Re-appointment of Mr. Rajiv Chanana (DIN 02630192), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.02%

    Turnout: all 85.19% · promoters 100.00% · institutions 96.62% · other public 4.66%

  4. Appointment of Mrs. Deepika Gera (DIN 0145602) as an Independent Director of the Company for a period of five years effective from 15th May, 2024
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.46% · other public 0.00%

    Turnout: all 85.19% · promoters 100.00% · institutions 96.62% · other public 4.67%

  5. Distribution of sum not exceeding 1% of the net profits of the Company calculated in accordance with the provisions of Section 198 of the Companies Act, 2013 to the Independent Directors of the Company for a period of five years commencing from 1st April, 2024MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 85.19% · promoters 100.00% · institutions 96.62% · other public 4.67%

  6. Material Related Party Transactions to be entered into with Maruti Suzuki India Limited
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 10.21% · promoters 0.00% · institutions 96.62% · other public 4.67%

  7. Material Related Party Transactions to be entered into with JTEKT Corporation, Japan
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 10.21% · promoters 0.00% · institutions 96.62% · other public 4.67%

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, 11 Aug 2023, 11 resolutions

Present: 1 promoter and 175 others.The company's voting result (opens in a new tab)

  1. Adoption of Standalone and Consolidated Financial Statement for the financial year ended 31st March, 2023 including audited Balance Sheet as at 31st March, 2023, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.50% · promoters 100.00% · institutions 97.87% · other public 1.47%

  2. Declaration of dividend 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 82.50% · promoters 100.00% · institutions 97.87% · other public 1.47%

  3. Re-appointment of Mr. Taku Sumino (DIN 09608944) who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 82.50% · promoters 100.00% · institutions 97.87% · other public 1.47%

  4. Appointment of Mr. Minoru Sugisawa (DIN 10119891) as Wholetime Director of the Company, for a period of five years effective from 1st June, 2023.
    Special
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 2.63% · other public 0.07%

    Turnout: all 82.50% · promoters 100.00% · institutions 97.87% · other public 1.47%

  5. Payment of remuneration to Mr. Minoru Sugisawa (DIN 10119891) as Wholetime Director of the Company.
    Special
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 2.63% · other public 0.05%

    Turnout: all 82.50% · promoters 100.00% · institutions 97.87% · other public 1.47%

  6. Re-appointment of Mrs. Hiroko Nose (DIN06389168) as Independent Woman Director for the second term of five years effective from 11th August, 2023.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.14% · other public 0.07%

    Turnout: all 82.50% · promoters 100.00% · institutions 97.87% · other public 1.47%

  7. Appointment of Mr. Hiroshi Daikoku (DIN 10006725) as an Independent Director of the Company for a period of five years effective from 11th August, 2023.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 82.50% · promoters 100.00% · institutions 97.87% · other public 1.47%

  8. Distribution of sum not exceeding 1% of the net profits of the Company calculated in accordance with the provisions of Section 198 of the Companies Act, 2013 to the Independent Directors of the Company for a period of five years commencing from 1st April, 2023.MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 82.50% · promoters 100.00% · institutions 97.87% · other public 1.47%

  9. Material Related Party transactions to be entered into with Maruti Suzuki India Limited.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 8.52% · promoters 0.00% · institutions 97.87% · other public 1.47%

  10. Material Related Party transactions to be entered into with JTEKT Corporation, Japan
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 8.52% · promoters 0.00% · institutions 97.87% · other public 1.47%

  11. Material Related Party transactions to be entered into with JTEKT Fuji Kiko Automotive India Limited.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 8.52% · promoters 0.00% · institutions 97.87% · other public 1.47%

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

Meeting called by the tribunal, 20 May 2023, 1 resolution

Present: 0 promoters and 123 others.The company's voting result (opens in a new tab)

  1. To consider and if thought fit, approve, with or without modification(s), the proposed Secheme of Amalgamation between JTEKT Fuji Kiko Automotive India Limited (Amalgamating Company) and JTEKT India Limited (Amalgamated Company) and their respective Shareholders and Creditors.MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 81.86% · promoters 100.00% · institutions 70.54% · other public 13.80%

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, 18 Oct 2022, 3 resolutions

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

  1. Approval to enter into material related party transactions with Maruti Suzuki India Limited
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 9.47% · promoters 0.00% · institutions 88.45% · other public 12.23%

  2. Approval to enter into material related party transactions with JTEKT Corporation, Japan
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 9.47% · promoters 0.00% · institutions 88.45% · other public 12.23%

  3. Approval to enter into material related party transactions with JTEKT Fuji Kiko Automotive India Limited
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 9.47% · promoters 0.00% · institutions 88.45% · other public 12.23%

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.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 28 Aug 2025, 4 fund houses

  • Adoption of Audited Financial Statements for the financial year ended 31st March, 2025, including audited Balance Sheet as at 31st March, 2025, the Statements of Profit and Loss and Cash Flow Statement for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.MoreLess
    4 for0 against
  • Declaration of dividend for the financial year ended 31st March, 2025.
    4 for0 against
  • Re-appointment of Mr. Deepak Thukral (DIN 10742586) who retires by rotation and being eligible, offers himself for re-appointment.
    4 for0 against
  • Appointment of Mr. Krishna Kumar Singh (Membership No. F8493, CP No. 9760 and Peer Review No. 2105/2022) as Secretarial Auditor of the Company for a period of consecutive five years.
    4 for0 against
  • Re-appointment of Mr. Rajiv Chanana (DIN 02630192) as Wholetime Director for a period of one year.
    4 for0 against
  • Approval to enter into material related party transactions with Maruti Suzuki India Limited.
    4 for0 against
  • Approval to enter into material related party transactions with JTEKT Corporation
    4 for0 against
  • Revision in remuneration of Mr. Yosuke Fujiwara (DIN 09167191), Wholetime Director of the Company.
    4 for0 against

Mutual fund votes, meeting of 11 Mar 2025, 7 fund houses

  • To re-designate the position of Mr. Minoru Sugisawa (DIN-10119891) from Wholetime Director to Chairman & Managing Director of the Company.
    Against Bandhan Mutual Fund, Baroda BNP Paribas Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundRe-designation compliant with law. No concern on the merits of the appointee. Governance Concern: Combined position of Chairperson & Managing Director may lead to concentration of power in the hand of single person.
    • Baroda BNP Paribas Mutual FundRe-designation compliant with law. No concern on the merits of the appointee. Governance Concern: Combined position of Chairperson & Managing Director may lead to concentration of power in the hand of single person. Combining the position of Chairman with executive positions blurs the demarcation between Board and Management.
    3 for4 against
  • To appoint Mr. Yosuke Fujiwara (DIN-09167191) as Wholetime Director of the Company
    7 for0 against
  • To approve payment of remuneration to Mr. Yosuke Fujiwara (DIN-09167191) as Wholetime Director of the Company.
    7 for0 against
5 earlier meetings

Mutual fund votes, meeting of 16 Oct 2024, 5 fund houses

  • Appointment of Mr. Deepak Thukral as Director of the Company
    5 for0 against

Mutual fund votes, meeting of 13 Aug 2024, 6 fund houses

  • Adoption of Audited Financial Statements for the financial year ended 31st March, 2024, including Audited Balance Sheet as at 31st March, 2024, the Statement of Profit & Loss and Cash Flow Statement for the year ended on that date and the Reports of Board of Directors and Auditors thereonMoreLess
    Against Bank of India Mutual Fund
    • Bank of India Mutual FundWe have relied upon the auditors’ report which has raised an emphasis of matter with regards to certain unusual adjustments posted by an employee to the trade receivables account amounting to Rs. 77.1 mn which pertains to prior years. These amounts have been charged to the Statement of Profit & Loss as ‘Other Expenses’ in the financial statements for FY24. The management has performed an independent investigation through an external consultant and does not expect any further impact on the financial statements. The auditor’s opinion is not modified in this regard. However, the auditors have issued a qualified opinion on the internal financial controls due to the lack of an appropriate internal control system relating to reconciliations of trade receivables balances and appropriate knocking of the receipts based on remittance advices from customers, which has resulted in some unusual adjustments being posted to the trade receivables account.The auditor has noted the following on the audit trail feature: (i) the audit trail feature was not enabled throughout the accounting software for the period 1 April 2023 to 19 March 2024, (ii) audit trail has been enabled on certain fields/tables in a phased manner from 20 March 2024 till 31 March 2024, (iii) The audit trail was not enabled for 1 April 2023 to 31 March 2024 for remaining fields relating to revenue, trade receivables, plant and equipment, purchases, trade payables, inventory, general ledger and other allied areas of the accounting software, (iv) The auditor is unable to comment on whether the audit facility for payroll has operated throughout the year since it was operated by a third-party service provider. Due to the qualified opinion on internal financial controls, we do not support this resolution.
    5 for1 against
  • Declaration of Dividend for the financial year ended 31st March 2024
    6 for0 against
  • Re-appointment of Mr. Rajiv Chanana (DIN 02630192), who retires by rotation and being eligible, offers himself for re-appointment
    6 for0 against
  • Appointment of Mrs. Deepika Gera (DIN 0145602) as an Independent Director of the Company for a period of five years effective from 15th May, 2024
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on the merit of the proposed appointee. Non-Compliant with SEBI LODR & Companies Act, 2013: Terms and Conditions of appointment of proposed appointee not disclosed on the website of the Company.
    3 for3 against
  • Distribution of sum not exceeding 1% of the net profits of the Company calculated in accordance with the provisions of Section 198 of the Companies Act, 2013 to the Independent Directors of the Company for a period of five years commencing from 1st April, 2024MoreLess
    6 for0 against
  • Material Related Party Transactions to be entered into with Maruti Suzuki India Limited
    6 for0 against
  • Material Related Party Transactions to be entered into with JTEKT Corporation, Japan
    6 for0 against

Mutual fund votes, meeting of 11 Aug 2023, 4 fund houses

  • Adoption of Standalone and Consolidated Financial Statement for the financial year ended 31st March, 2023 including audited Balance Sheet as at 31st March, 2023, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.MoreLess
    4 for0 against
  • Declaration of dividend for the financial year ended 31st March, 2023.
    4 for0 against
  • Re-appointment of Mr. Taku Sumino (DIN 09608944) who retires by rotation and being eligible, offers himself for re-appointment.
    4 for0 against
  • Appointment of Mr. Minoru Sugisawa (DIN 10119891) as Wholetime Director of the Company, for a period of five years effective from 1st June, 2023.
    4 for0 against
  • Payment of remuneration to Mr. Minoru Sugisawa (DIN 10119891) as Wholetime Director of the Company.
    4 for0 against
  • Re-appointment of Mrs. Hiroko Nose (DIN06389168) as Independent Woman Director for the second term of five years effective from 11th August, 2023.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. Governance concern: Appointment will exceed 10 years in total association.
    3 for1 against
  • Appointment of Mr. Hiroshi Daikoku (DIN 10006725) as an Independent Director of the Company for a period of five years effective from 11th August, 2023.
    4 for0 against
  • Distribution of sum not exceeding 1% of the net profits of the Company calculated in accordance with the provisions of Section 198 of the Companies Act, 2013 to the Independent Directors of the Company for a period of five years commencing from 1st April, 2023.MoreLess
    4 for0 against
  • Material Related Party transactions to be entered into with Maruti Suzuki India Limited.
    4 for0 against
  • Material Related Party transactions to be entered into with JTEKT Corporation, Japan
    4 for0 against
  • Material Related Party transactions to be entered into with JTEKT Fuji Kiko Automotive India Limited.
    4 for0 against

Mutual fund votes, meeting of 20 May 2023, 2 fund houses

  • To consider and if thought fit, approve, with or without modification(s), the proposed Secheme of Amalgamation between JTEKT Fuji Kiko Automotive India Limited (Amalgamating Company) and JTEKT India Limited (Amalgamated Company) and their respective Shareholders and Creditors.MoreLess
    2 for0 against

Mutual fund votes, meeting of 18 Oct 2022, 2 fund houses

  • Approval to enter into material related party transactions with Maruti Suzuki India Limited
    2 for0 against
  • Approval to enter into material related party transactions with JTEKT Corporation, Japan
    2 for0 against
  • Approval to enter into material related party transactions with JTEKT Fuji Kiko Automotive India Limited
    2 for0 against

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

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeOffice of the Principal Commissioner of Customs (Import) Inland Container Depot,Tughlakabad, New DelhiSince 28 Mar 2024
    The matter is pending with Commissioner Appeal (Custom) New Delhi.
    At the filing before: The department has confirmed the demand of Customs Duty of Rs. 12,01,706/- under Section 28(4) of the Customs Act, 1962 & along with applicable interest under Section 28AA of the act ibid.
  • Tax disputeOffice of Dy. Excise and Taxation Commissioner (ST) Model Town, Rewari (Haryana)Since 27 Nov 2024
    Earlier, the Department had issued Form GST DRC-01 (Show Cause Notice) raising a demand of ₹4,41,97,507/- under Section 73 of the CGST Act, 2017, to which a detailed reply was duly submitted by the Company. Subsequently, the Department has passed an order confirming a demand comprising Tax of ₹1,51,54,345/-, Interest of ₹1,18,84,639/-, and Penalty of ₹15,15,437/-. The said order was duly intimated to the Stock Exchange on February 28, 2025, in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015. The Company filed a appeal with SGST office Rohtak on dated 23rd May , 2025.MoreLess
    At the filing before: The department has issued Form GST DRC-01 (Show Cause Notice) demanding GST amount of Rs. 4,41,97,507/- under section 73 of CGST act 2017.Mismatch Input Tax Credit, tax Liability declared under E-way bill mismatch, Input Tax Credit disallowed due to GSTR 3B return not filed by Vendors.MoreLess
  • Tax disputeOffice of the Department of Excise and Taxation officer-cum Assessing Authority Gurugram (Haryana).Since 7 Feb 2025
    Notice issued on 06-02-2025 regarding Non-payment of Haryana Tax on Entry of Goods into Local Areas. The Company filed writ petition before the High Court of Punjab & Haryana on dated 27th May,2025
    At the filing before: Assessment under Section 9 of the Haryana Tax on Entry of Goods into Local Areas Act 2008. In light of the provisions of the Act, the department directed the Company to pay the tax of Rs. 17,73,425/- for the year 2016-17.MoreLess
  • Tax disputeOffice of the Department of Excise and Taxation officer-cum Assessing Authority Gurugram (Haryana).Since 15 Jun 2026
    Notice issued on 15-06-2026 regarding Non-payment of Haryana Tax on Entry of Goods into Local Areas. The Company already filed writ petition before the High Court of Punjab & Haryana on dated 27th May,2025 and intimate to SGST Gurgaon office on dated 02-07-2026.MoreLess
    At the filing before: Assessment under Section 9 of the Haryana Tax on Entry of Goods into Local Areas Act 2008. In light of the provisions of the Act, the department directed the Company to pay the tax of Rs. 3,92,512/- for the year 2017-18.MoreLess
  • Tax disputeOffice of the Department of Excise and Taxation officer-cum Assessing Authority Gurugram (Haryana).Since 15 Jun 2026
    Notice issued on 15-06-2026 regarding Non-payment of Haryana Tax on Entry of Goods into Local Areas. The Company already filed writ petition before the High Court of Punjab & Haryana on dated 27th May,2025 and intimate to SGST Gurgaon office on dated 02-07-2026MoreLess
    At the filing before: Assessment under Section 9 of the Haryana Tax on Entry of Goods into Local Areas Act 2008. In light of the provisions of the Act, the department directed the Company to pay the tax of Rs. 5,25,963/- for the year 2015-16.MoreLess
  • Tax disputeOffice of the Commissioner CGST Audit GurgaonSince 18 Mar 2026
    The Company filed the reply with office of CGST Gurgaon on dated 23-04-2026
    At the filing before: The department has issued the demand cum show cause notice in Form GST DRC-01, demanding an amount Rs. 2,00,33,663/- of Interest on GST under Section 74 (1) of CGST Act 2017. Interest at applicable rate on Debit Note issued during the period FY 2020-21 to FY 2023-24 is demanded as per Section 74 of CGST Act, 2017MoreLess
  • Tax disputeOffice of the Commissioner CGST GurgaonSince 25 Sep 2026
    The Company is in process to file reply before GSTAT.
    At the filing before: The department has issued the Show Cause Notice in form of DRC-01 issued for the period of 2017-18 to 2019-20 for Debit Note/Supplementary Invoices issued to Customers. Interest demand for delay payment of GST. Appeal filed with Commissioner (Appeal) CGST Gurgaon on 2nd May,2025. Final dropped order received on 29th Jan,2026. Review Committee of the department filed the appeal with GSTAT dated 30/09/26. 15,01,389 (Interest) 2,40,83,954 (GST Amount)MoreLess
  • Tax disputeOffice of the Commissioner Custom ChennaiSince 2 Jan 2026
    The Company filed the reply on dated 21-04-2026.
    At the filing before: Recovery of duty credits along with Interest for non-realization of export proceeds of Rs. 4,59,751/-
7 more
  • Tax disputeGSTAT GurgaonSince 26 Jun 2024
    The company filed the appeal with GSTAT on dated 15-06-2026.
    At the filing before: Tran-1 Order issued by CGST office on dated 26-06-2024 With denied the ITC of Rs.9,60,643/-
  • Tax disputeAssessment Unit, Income Tax DepartmentSince 6 Nov 2023
    The matter is pending before The Commissioner of Income Tax (Appeals), National Faceless Appeal Centre.
    At the filing before: JTEKT Fuji Kiko Automotive India Limited has been merged with JTEKT India Limited w.e.f. 01.04.2022 vide National Company Law Tribunal order dated 12.12.2023. JTEKT Fuji Kiko Automotive India Limited has filed appeal before CIT(A) on 04.12.2023 against the disallowances made in assessment order of FY 2019-20. Notices of hearing were received and the company had filed the responses for the same.MoreLess
  • Tax disputeAssessment Unit, Income Tax DepartmentSince 11 Nov 2023
    The matter is pending before The Commissioner of Income Tax (Appeals), National Faceless Appeal Centre
    At the filing before: JTEKT India Limited has filed appeal before CIT(A) on 07.12.2023 against the disallowances made in assessment order of FY 2019-20. Notices of hearing were received and the company had filed the responses for the same.MoreLess
  • Tax disputeAssessment Unit, Income Tax DepartmentSince 3 Feb 2024
    The matter is pending before The Commissioner of Income Tax (Appeals), National Faceless Appeal Centre
    At the filing before: JTEKT India Limited has filed appeal before CIT(A) on 20.02.2024 against the disallowances made in assessment order of FY 2020-21. Notices of hearing were received and the company had filed the responses for the same.MoreLess
  • Tax disputeAssessment Unit, Income Tax DepartmentSince 18 Mar 2025
    The matter is pending before The Commissioner of Income Tax (Appeals), National Faceless Appeal Centre.
    At the filing before: JTEKT Fuji Kiko Automotive India Limited has been merged with JTEKT India Limited w.e.f. 01.04.2022 vide National Company Law Tribunal order dated 12.12.2023. JTEKT Fuji Kiko Automotive India Limited has filed appeal before CIT(A) on 07.04.2025 against the disallowances made in assessment order of FY 2021-22. Notice of hearing was received and the company had filed the response for the same.MoreLess
  • Tax disputeAssessment Unit, Income Tax DepartmentSince 28 Apr 2025
    The matter is pending before The Commissioner of Income Tax (Appeals), National Faceless Appeal Centre
    At the filing before: JTEKT India Limited has filed appeal before CIT(A) on 19.05.2025 against the disallowances made in assessment order of FY 2021-22. Notices of hearing were received and the company had filed the responses for the same.MoreLess
  • Tax disputeAssessment Unit, Income Tax DepartmentSince 6 May 2026
    The matter is pending before The Commissioner of Income Tax (Appeals), National Faceless Appeal Centre
    At the filing before: JTEKT India Limited has filed appeal before CIT(A) on 03.06.2026 against the disallowances made in assessment order of FY 2022-23. Notices of hearing were received and the company had filed the responses for the same.MoreLess

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
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
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.