Share price at the NSE close on 23 Oct 2026. Previous close ₹759.55.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹6,004 Cr789th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 19 Oct 2026
- 12.2
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 19 Oct 2026
- 1.1
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 19 Oct 2026
- 9.6%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 19 Oct 2026
- 6.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026. The filing of 19 Oct 2026
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 8,99,19513.2% delivered
Just Dial 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
- ChairpersonKrishnan Sudarshan
- Managing director and CEOVenkatachalam Sthanu Subramani
- Company Secretary and Compliance OfficerManan Udani
10 directors4 independent1 executive5 non-executive
- Krishnan Sudarshan · ChairpersonIndependent · joined Oct 2024 · reappointed Oct 2024 · 21 months as independent · 3 listed boards · 2 as independent · 8 committee seats
- Venkatachalam Sthanu Subramani · Managing director and CEOExecutive · joined Dec 2006 · 1 listed board · 2 committee seats
- Ranjit Vasant PanditIndependent · joined Sep 2021 · reappointed Sep 2021 · 58 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 2 as chair
- Bhama KrishnamurthyIndependent · joined Apr 2024 · reappointed Apr 2024 · 27 months as independent · 4 listed boards · 4 as independent · 7 committee seats
- Jain Dipak ChandIndependent · joined Oct 2024 · reappointed Oct 2024 · 21 months as independent · 2 listed boards · 2 as independent · 7 committee seats, 2 as chair
- Venkatachalam SubramaniamNon-executive · joined Sep 2021 · reappointed Sep 2021 · 1 listed board · 3 committee seats, 2 as chair
- Ashwin Ahamendra KhasgiwalaNon-executive · joined Sep 2021 · reappointed Sep 2021 · 1 listed board · 1 committee seat, 1 as chair
- Geeta Kalyandas FulwadayaNon-executive · joined Sep 2021 · reappointed Sep 2021 · 3 listed boards · 1 committee seat
- Anshuman ThakurNon-executive · joined Jan 2023 · reappointed Apr 2023 · 2 listed boards · 3 committee seats
- Dinesh TalujaNon-executive · joined Jan 2023 · reappointed Apr 2023 · 1 listed board · 3 committee seats, 1 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 13 Apr 20269 of 10 present4 independent · 89 days in between
- 13 Jan 20269 of 10 present3 independent
Audit Committee
Chair Ranjit Vasant Pandit
Venkatachalam Sthanu Subramani, Bhama Krishnamurthy, Jain Dipak Chand, Krishnan Sudarshan, Venkatachalam Subramaniam
- 13 Apr 20265 of 6 present4 independent · 89 days in between
- 13 Jan 20265 of 6 present3 independent
Nomination and remuneration committee
Chair Jain Dipak Chand
Bhama Krishnamurthy, Krishnan Sudarshan, Ashwin Ahamendra Khasgiwala
- 13 Apr 20264 of 4 present3 independent
Stakeholders Relationship Committee
Chair Jain Dipak Chand
Venkatachalam Sthanu Subramani, Bhama Krishnamurthy, Dinesh Taluja
- 13 Apr 20264 of 4 present2 independent
Risk Management Committee
Chair Bhama Krishnamurthy
Venkatachalam Sthanu Subramani, Krishnan Sudarshan, Dinesh Taluja
- 27 Mar 20264 of 4 present2 independent
Corporate Social Responsibility Committee
Chair Krishnan Sudarshan
Venkatachalam Sthanu Subramani, Jain Dipak Chand, Ashwin Ahamendra Khasgiwala
- 13 Apr 20264 of 4 present2 independent · 89 days in between
- 13 Jan 20264 of 4 present2 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.
- M/s Deloitte Haskins & Sells LLPPeer-review certificate valid to Jul 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.
Just Dial 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.Just Dial dividend history
Annual general meeting, 31 Aug 2026
82,345 shareholders on the register on 24 Aug 2026; present: 1 promoter and 100 others; votes counted by Mr. Vijay Babaji Kondalkar / VKMG & Associates LLP.The company's voting result (opens in a new tab)
- To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon;Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 87.31% · promoters 100.00% · institutions 89.48% · other public 4.88%
- To appoint Mr. V. Subramaniam (DIN: 00009621) who retires by rotation as a DirectorOrdinary99.31% for0.69% against
Against: promoters 0.00% · institutions 4.79% · other public 0.17%
Turnout: all 87.32% · promoters 100.00% · institutions 89.52% · other public 4.88%
- To appoint Ms. Geeta Fulwadaya (DIN: 03341926) who retires by rotation as a DirectorOrdinary99.83% for0.17% against
Against: promoters 0.00% · institutions 1.14% · other public 0.37%
Turnout: all 87.32% · promoters 100.00% · institutions 89.52% · other public 4.88%
- Re-appointment of Mr. Ranjit Pandit (DIN: 00782296) as an Independent Director of the CompanySpecial93.73% for6.27% against
Against: promoters 0.00% · institutions 43.42% · other public 0.39%
Turnout: all 87.32% · promoters 100.00% · institutions 89.52% · other public 4.88%
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.
Annual general meeting, 2 Sep 2025, 4 resolutions
86,842 shareholders on the register on 26 Aug 2025; present: 2 promoters and 87 others; votes counted by Mr. Vijay Babaji Kondalkar / VKMG & Associates LLP.The company's voting result (opens in a new tab)
- To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.76%
Turnout: all 88.06% · promoters 100.00% · institutions 90.93% · other public 3.78%
- To appoint Mr. Dinesh Taluja (DIN: 08144541) who retires by rotation as a DirectorOrdinary99.75% for0.25% against
Against: promoters 0.00% · institutions 1.56% · other public 1.33%
Turnout: all 88.06% · promoters 100.00% · institutions 90.96% · other public 3.78%
- To appoint Mr. Ashwin Khasgiwala (DIN: 00006481) who retires by rotation as a DirectorOrdinary93.34% for6.66% against
Against: promoters 0.00% · institutions 43.41% · other public 1.33%
Turnout: all 88.06% · promoters 100.00% · institutions 90.96% · other public 3.78%
- To appoint Secretarial AuditorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.91%
Turnout: all 88.06% · promoters 100.00% · institutions 90.96% · other public 3.78%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 27 Jun 2024, 8 resolutions
Present: 2 promoters and 74 others.The company's voting result (opens in a new tab)
- To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2024 and the reports of the Board of Directors and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 88.13% · promoters 100.00% · institutions 83.13% · other public 10.01%
- To consider and adopt the audited consolidated financial statement of the Company for the financial year ended March 31, 2024 and the report of Auditors thereonOrdinary99.71% for0.29% against
Against: promoters 0.00% · institutions 1.94% · other public 0.00%
Turnout: all 88.13% · promoters 100.00% · institutions 83.13% · other public 10.01%
- To appoint Mr. V. Subramaniam who retires by rotation as a DirectorOrdinary96.62% for3.38% against
Against: promoters 0.00% · institutions 22.79% · other public 0.00%
Turnout: all 88.13% · promoters 100.00% · institutions 83.14% · other public 10.01%
- To appoint Mr. Anshuman Thakur who retires by rotation as a DirectorOrdinary97.80% for2.20% against
Against: promoters 0.00% · institutions 14.84% · other public 0.01%
Turnout: all 88.13% · promoters 100.00% · institutions 83.14% · other public 10.01%
- To re-appoint Deloitte Haskins & Sells LLP, Chartered Accountants, as Statutory Auditors of the Company and fix their remunerationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 88.13% · promoters 100.00% · institutions 83.14% · other public 10.01%
- To appoint Ms. Bhama Krishnamurthy as an Independent DirectorSpecial88.29% for11.71% against
Against: promoters 0.00% · institutions 78.90% · other public 0.01%
Turnout: all 88.13% · promoters 100.00% · institutions 83.14% · other public 10.01%
- To appoint Prof. Dipak C. Jain as an Independent DirectorSpecial88.86% for11.14% against
Against: promoters 0.00% · institutions 75.02% · other public 0.01%
Turnout: all 88.13% · promoters 100.00% · institutions 83.14% · other public 10.01%
- To appoint Mr. Krishnan Sudarshan as an Independent DirectorSpecial90.73% for9.27% against
Against: promoters 0.00% · institutions 62.43% · other public 0.00%
Turnout: all 88.13% · promoters 100.00% · institutions 83.14% · other public 10.01%
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, 14 Sep 2023, 4 resolutions
Present: 2 promoters and 72 others.The company's voting result (opens in a new tab)
- To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2023 and the reports of the Board of Directors and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 86.51% · promoters 100.00% · institutions 75.41% · other public 11.71%
- To consider and adopt the audited consolidated financial statement of the Company for the financial year ended March 31, 2023 and the report of Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 86.34% · promoters 100.00% · institutions 74.22% · other public 11.71%
- To appoint Mr. Ashwin Khasgiwala who retires by rotation as a DirectorOrdinary97.64% for2.36% against
Against: promoters 0.00% · institutions 18.74% · other public 0.02%
Turnout: all 86.51% · promoters 100.00% · institutions 75.41% · other public 11.71%
- To appoint Ms. Geeta Fulwadaya who retires by rotation as a DirectorOrdinary98.82% for1.18% against
Against: promoters 0.00% · institutions 9.37% · other public 0.02%
Turnout: all 86.51% · promoters 100.00% · institutions 75.41% · other public 11.71%
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, 1 Apr 2023, 2 resolutions
The company's voting result (opens in a new tab)
- Appointment of Mr. Anshuman Thakur (DIN:03279460) as a Non-executive Director of the CompanyOrdinary98.65% for1.35% against
Against: promoters 0.00% · institutions 11.50% · other public 0.32%
Turnout: all 85.35% · promoters 100.00% · institutions 78.92% · other public 2.79%
- Appointment of Mr. Dinesh Taluja (DIN:08144541) as a Non-executive Director of the CompanyOrdinary98.65% for1.35% against
Against: promoters 0.00% · institutions 11.50% · other public 0.34%
Turnout: all 85.35% · promoters 100.00% · institutions 78.92% · other public 2.79%
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, 29 Sep 2022, 3 resolutions
Present: 2 promoters and 90 others.The company's voting result (opens in a new tab)
- To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2022 and the reports of the Board of Directors and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 85.97% · promoters 100.00% · institutions 92.32% · other public 6.56%
- To consider and adopt the audited consolidated financial statement of the Company for the financial year ended March 31, 2022 and the report of Auditors thereonOrdinary97.45% for2.55% against
Against: promoters 0.00% · institutions 27.19% · other public 0.03%
Turnout: all 85.97% · promoters 100.00% · institutions 92.32% · other public 6.56%
- To appoint Mr. V. Subramaniam who retires by rotation as a DirectorOrdinary99.26% for0.74% against
Against: promoters 0.00% · institutions 7.88% · other public 0.06%
Turnout: all 85.97% · promoters 100.00% · institutions 92.32% · other public 6.56%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 30 Sep 2021, 10 resolutions
Present: 2 promoters and 77 others.The company's voting result (opens in a new tab)
- To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2021 and the reports of the Board of Directors and Auditors thereonOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.66%
Turnout: all 73.71% · promoters 100.00% · institutions 79.43% · other public 5.99%
- To consider and adopt the audited consolidated financial statement of the Company for the financial year ended March 31, 2021 and the report of Auditors thereonOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.69%
Turnout: all 73.71% · promoters 100.00% · institutions 79.43% · other public 5.99%
- To appoint Mr. Ranjit V. Pandit as an Independent DirectorOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.73%
Turnout: all 73.72% · promoters 100.00% · institutions 79.48% · other public 5.98%
- To appoint Mr. V. Subramaniam as a DirectorOrdinary96.32% for3.68% against
Against: promoters 0.00% · institutions 13.04% · other public 0.69%
Turnout: all 73.72% · promoters 100.00% · institutions 79.48% · other public 5.98%
- To appoint Mr. Dinesh Thapar as a DirectorOrdinary96.32% for3.68% against
Against: promoters 0.00% · institutions 13.04% · other public 0.69%
Turnout: all 73.72% · promoters 100.00% · institutions 79.48% · other public 5.98%
- To appoint Mr. Ashwin Khasgiwala as a DirectorOrdinary96.22% for3.78% against
Against: promoters 0.00% · institutions 13.41% · other public 0.72%
Turnout: all 73.72% · promoters 100.00% · institutions 79.48% · other public 5.98%
- To appoint Ms. Geeta Fulwadaya as a DirectorOrdinary96.22% for3.78% against
Against: promoters 0.00% · institutions 13.41% · other public 0.73%
Turnout: all 73.72% · promoters 100.00% · institutions 79.48% · other public 5.98%
- To appoint Ms. Divya Murthy as a DirectorOrdinary96.32% for3.68% against
Against: promoters 0.00% · institutions 13.04% · other public 0.73%
Turnout: all 73.72% · promoters 100.00% · institutions 79.48% · other public 5.98%
- To adopt restated articles of associationSpecial93.87% for6.13% against
Against: promoters 0.00% · institutions 22.05% · other public 0.67%
Turnout: all 73.36% · promoters 100.00% · institutions 78.07% · other public 5.98%
- To amend the Object Clause of Memorandum of AssociationSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.67%
Turnout: all 73.72% · promoters 100.00% · institutions 79.48% · other public 5.98%
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.
Extraordinary general meeting, 13 Aug 2021, 3 resolutions
Present: 2 promoters and 83 others.The company's voting result (opens in a new tab)
- To Re-appoint Mr. V. S. S. Mani (DIN 00202052), as a Managing Director and Chief Executive Officer of the Company.OrdinaryPromoters have an interest in it81.21% for18.79% against
Against: promoters 0.00% · institutions 27.62% · other public 0.05%
Turnout: all 50.16% · promoters 99.48% · institutions 89.02% · other public 3.75%
- To approve the related party transaction for Mr. V. Krishnan holding office of profit as a Group President of the Company.OrdinaryPromoters have an interest in it75.16% for24.84% against
Against: promoters 0.00% · institutions 26.11% · other public 0.31%
Turnout: all 35.90% · promoters 0.00% · institutions 89.02% · other public 3.75%
- Issue of Equity Shares on a Preferential Issue/Private Placement Basis to Reliance Retail Ventures Limited.Special97.49% for2.51% against
Against: promoters 0.00% · institutions 3.68% · other public 0.07%
Turnout: all 50.16% · promoters 99.48% · institutions 89.02% · other public 3.75%
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.Funds that hold it
Mutual fund votes, meeting of 31 Aug 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)
- To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon;2 for0 against
- To appoint Mr. V. Subramaniam (DIN: 00009621) who retires by rotation as a Director2 for0 against
- To appoint Ms. Geeta Fulwadaya (DIN: 03341926) who retires by rotation as a Director2 for0 against
- Re-appointment of Mr. Ranjit Pandit (DIN: 00782296) as an Independent Director of the Company
Against Angel One Mutual Fund, DSP Mutual Fund
- Angel One Mutual FundGovernance concern: Prolonged association with the Group. Transparency concern: Pro-bono service without adequate justification.
- DSP Mutual FundRanjit Pandit, 72, served as the Managing Director of General Atlantic LLC between September 2007 to December 2012 and headed the India Office. He also served as Advisory Director of General Atlantic LLC in 2013. He is also the Former MD and Chairperson of McKinsey & Company in India. He was appointed on board as Independent Director on 1 September 2021. He has attended three out of four (75%) board meetings held during FY26. Ranjit Pandit was on the board of Reliance Jio Infocomm Limited since 23 July 2015 and completed his tenure on 22 July 2025. His overall tenure with the Reliance group companies is more than ten years. Therefore, we do not support his reappointment as an Independent Director.
0 for2 against
Mutual fund votes, meeting of 2 Sep 2025, 17 fund houses
- To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors and Auditors thereon17 for0 against
- To appoint Mr. Dinesh Taluja (DIN: 08144541) who retires by rotation as a Director17 for0 against
- To appoint Mr. Ashwin Khasgiwala (DIN: 00006481) who retires by rotation as a Director
Against Axis Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund, Sundaram Mutual Fund, WhiteOak Capital Mutual Fund
- Axis Mutual Fund, Jio BlackRock Mutual Fund, Sundaram Mutual FundAshwin Khasgiwala, 52, is Chief Business Operations Controller for Retail Business of Reliance group and has been associated with Reliance Group for over 18 years. Reliance group through Reliance Retail Ventures holds 63.84% in the company, and is one of the promoters. He has over two decades of experience in the fields of finance, compliance and accounting. He serves on the board as a promoter representative since 1 September 2021. Ashwin Khasgiwala has attended two out of four (50%) board meetings held in FY25 and eight out of twelve (67%) board meetings in last three years. We expect directors to attend all board meetings. We have a threshold of minimum 75% attendance over a three-year period. We are unable to support the resolution. Further, five out of ten directors are Non-Executive Non-Independent, which is disproportionate to the size of the company.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
- WhiteOak Capital Mutual FundAshwin Khasgiwala, 52, is Chief Business Operations Controller for Retail Business of Reliance group and has been associated with Reliance Group for over 18 years. Ashwin Khasgiwala has attended two out of four (50%) board meetings held in FY25 and eight out of twelve (67%) board meetings in last three years. We expect directors to attend all board meetings. We are unable to support the resolution.
12 for5 against - To appoint Secretarial Auditor17 for0 against
6 earlier meetings
Mutual fund votes, meeting of 27 Jun 2024, 10 fund houses
- To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2024 and the reports of the Board of Directors and Auditors thereon9 for0 against
- To consider and adopt the audited consolidated financial statement of the Company for the financial year ended March 31, 2024 and the report of Auditors thereon9 for0 against
- To appoint Mr. V. Subramaniam who retires by rotation as a Director
Against Franklin Templeton Mutual Fund
- Franklin Templeton Mutual FundA vote AGAINST the following nominee is warranted because the board is chaired by a non-executive director and the board is not at least one-third independent and Venkatachalam Subramaniam is a non-independent director nominee.
9 for1 against - To appoint Mr. Anshuman Thakur who retires by rotation as a Director
Against Franklin Templeton Mutual Fund
- Franklin Templeton Mutual FundA vote AGAINST Anshuman Thakur is warranted because the board is chaired by a non-executive director and the board is not at least one-third independent and he is a non-independent director nominee.
9 for1 against - To re-appoint Deloitte Haskins & Sells LLP, Chartered Accountants, as Statutory Auditors of the Company and fix their remuneration10 for0 against
- To appoint Ms. Bhama Krishnamurthy as an Independent Director
Against Bandhan Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Franklin Templeton Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundAppointment compliant with law. Governance concern: Proposed term will lead to prolonged association with the Group.
- DSP Mutual FundMs. Bhama Krishnamurthy, 69, is a former Country Head and Chief General Manager of SIDBI. She has over 35 years of experience in IDBI (now IDBI Bank) and SIDBI. Her areas of specialisation include resource raising and management, integrated treasury operations, credit dispensation & management and risk management.She was an Independent Director on the board of Reliance Industrial Infrastructure Limited, a group company, from 9 September 2015 till 25 March 2023. Further, she has been an Independent Director on the board of Network18 Media & Investments Limited since 15 October 2019. We will consider her overall association with the Reliance Group while computing her tenure. She will complete 10 years of association with the group during the proposed tenure. We do not support rotation of tenured Independent Directors within the group as we believe that this is not in line with the spirit of the regulations. Thus, we do not support her appointment as an Independent Director. The company should consider appointing her as a Non-Executive Non-Independent Director.
- Edelweiss Mutual FundNo relevant experience
- Franklin Templeton Mutual FundA vote AGAINST Bhama Krishnamurthy is warranted because she serves on a total of more than six public company boards, which could potentially compromise her ability to commit sufficient time to her role in the company.
- Nippon India Mutual FundProlonged association
3 for7 against - To appoint Prof. Dipak C. Jain as an Independent Director
Against Bandhan Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Franklin Templeton Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundAppointment compliant with law. Governance concern: Prolonged association.
- DSP Mutual FundDipak Jain, 69, is a Professor of Marketing at the China Europe International Business School (CEIBS). He has 40 years of expertise in management education.He has been an Independent Director on the board of Reliance Retail ventures Limited, a group company, since 16 July 2013. We will consider his overall association with the Reliance Group while computing his tenure. He has completed 10 years of association with the group. Therefore, we consider him Non-Executive Non-Independent. Further, we do not support rotation of tenured Independent Directors within the group as we believe that this is not in line with the spirit of the regulations. Thus, we do not support his appointment as an Independent Director. The company should consider appointing him as a Non-Executive Non-Independent Director.
- Edelweiss Mutual FundNo relevant experience
- Franklin Templeton Mutual FundA vote AGAINST Dipak C Jain is warranted because of his tenure, considering his tenure in the holding company is more than ten years.
- Nippon India Mutual FundProlonged association
3 for7 against - To appoint Mr. Krishnan Sudarshan as an Independent Director
Against Bandhan Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundAppointment compliant with law. Governance concern: Proposed term will lead to prolonged association with the Group.
- DSP Mutual FundKrishnan Sudarshan, 54, is the Managing Director- India and Regional Chair- Asia, EMA Partners International. He leads EMA Partners across India, Singapore & the Middle East and is part of the global firm’s executive board responsible for the Marketing and Communications portfolio. He has over 25 years of experience in Executive search.He was an Independent Director on the board of Reliance Retail Limited, a group company, from 25 March 2015 till 24 March 2023. Further, he has been an Independent Director on the board of Reliance Brands Luxury Fashion Private Limited since 10 October 2018. We will consider his overall association with the Reliance Group while computing his tenure. He will complete 10 years of association with the group during the proposed tenure. We do not support rotation of tenured Independent Directors within the group as we believe that this is not in line with the spirit of the regulations. Thus, we do not support his appointment as an Independent Director. The company should consider appointing him as a Non-Executive Non-Independent Director.
- Edelweiss Mutual FundNo relevant experience
- Nippon India Mutual FundProlonged association
4 for6 against
Mutual fund votes, meeting of 14 Sep 2023, 7 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2023 and the reports of the Board of Directors and Auditors thereon6 for0 against
- To consider and adopt the audited consolidated financial statement of the Company for the financial year ended March 31, 2023 and the report of Auditors thereon5 for0 against
- To appoint Mr. Ashwin Khasgiwala who retires by rotation as a Director6 for0 against
- To appoint Ms. Geeta Fulwadaya who retires by rotation as a Director6 for0 against
1 proposal not matched to one resolution
1. a. To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2023 and the reports of the Board of Directors and Auditors thereon; and 1.b. To consider and adopt the audited consolidated financial statement of the Company for the financial year ended March 31, 2023 and the report of Auditors thereon 2. To appoint Mr. Ashwin Khasgiwala who retires by rotation as a Director 3. To appoint Ms. Geeta Fulwadaya who retires by rotation as a DirectorMoreLess
1 for0 against
Mutual fund votes, meeting of 1 Apr 2023, 5 fund houses
- Appointment of Mr. Anshuman Thakur (DIN:03279460) as a Non-executive Director of the Company5 for0 against
- Appointment of Mr. Dinesh Taluja (DIN:08144541) as a Non-executive Director of the Company5 for0 against
Mutual fund votes, meeting of 3 Mar 2023, 1 fund house
- 1. Appointment of Mr. Anshuman Thakur (DIN:03279460) as a Non-executive Director of the Company. 2. Appointment of Mr. Dinesh Taluja (DIN:08144541) as a Non-executive Director of the Company.1 for0 against
Mutual fund votes, meeting of 29 Sep 2022, 3 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2022 and the reports of the Board of Directors and Auditors thereon2 for0 against
- To consider and adopt the audited consolidated financial statement of the Company for the financial year ended March 31, 2022 and the report of Auditors thereon2 for0 against
- To appoint Mr. V. Subramaniam who retires by rotation as a Director3 for0 against
1 proposal not matched to one resolution
To consider and adopt (a) the audited financial statement of the Company for the financial year ended March 31, 2022 and the reports of the Board of Directors and Auditors thereon; and (b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2022 and the report of Auditors thereonMoreLess
1 for0 against
Mutual fund votes, meeting of 30 Sep 2021, 6 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2021 and the reports of the Board of Directors and Auditors thereon1 for0 against
- To consider and adopt the audited consolidated financial statement of the Company for the financial year ended March 31, 2021 and the report of Auditors thereon6 for0 against
- To appoint Mr. Ranjit V. Pandit as an Independent Director6 for0 against
- To appoint Mr. V. Subramaniam as a Director6 for0 against
- To appoint Mr. Dinesh Thapar as a Director6 for0 against
- To appoint Mr. Ashwin Khasgiwala as a Director6 for0 against
- To appoint Ms. Geeta Fulwadaya as a Director6 for0 against
- To appoint Ms. Divya Murthy as a Director6 for0 against
- To adopt restated articles of association
Against Nippon India Mutual Fund
- Nippon India Mutual FundInsufficient Information
5 for1 against - To amend the Object Clause of Memorandum of Association6 for0 against
1 proposal not matched to one resolution
- To consider and adopt (a) the audited financial statement of the Company for the financial year ended March 31, 2021 and the reports of the Board of Directors and Auditors thereon; and1 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 Jun 2026.
- Tax disputeAssistant Commissioner of State Tax, Mazgaon, MumbaiSince 24 Mar 2026The Company has filed an Appeal with State Appellate Authority on June 22, 2026.
At the filing before: The Company has received an order dated March 24, 2026 (“Order”) from the Assistant Commissioner of State Tax, Mazgaon, Mumbai, imposing on the Company a penalty of Rs. 8.74 crore under Section 74 of the Central Goods and Services Tax Act, 2017 and the Maharashtra Goods and Services Tax Act, 2017. The Order has been passed alleging excess availment of input tax credit by the Company on common services during the FY 2019-20. The Order also provides for demand of additional tax amount along with applicable interest aggregating Rs. 18.89 crore. The Company intends to file an appeal against the Order.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
- 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.