KEC International CEO, MD, chairman, board of directors and AGM
NSE: KECBSE: 532714ConstructionSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹331.95.
- 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.
- ₹8,725 Cr416th 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 10 Aug 2026
- 15.8
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: 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, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹59 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 14.2
- 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 16 May 2026
- 1.4
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.68%
- 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 10 Aug 2026
- 9.6%
- ROE without one-offsReturn on equity without one-off items. Core profit, 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 less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹59 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 10.6%
- 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 10 Aug 2026
- 12.4%
- 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 Mar 2026. The filing of 16 May 2026
- 0.83
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 16,16,46044.2% delivered
KEC International 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
- ChairpersonHarsh Vardhan GoenkaRelated to the promoter
- Managing director and CEOVimal Kejriwal
- Company Secretary and Compliance OfficerMr. Suraj Eksambekar
10 directors7 independent1 executive2 non-executive
- Harsh Vardhan Goenka · ChairpersonNon-executive · joined Jan 2006 · 4 listed boards
- Vimal Kejriwal · Managing director and CEOExecutive · joined Apr 2015 · 1 listed board · 1 committee seat
- Arvind SinghIndependent · joined Jun 2024 · 25 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
- M.S. UnnikrishnanIndependent · joined Nov 2019 · reappointed Nov 2024 · 79 months as independent · 4 listed boards · 3 as independent · 3 committee seats
- Neera SaggiIndependent · joined Mar 2024 · 27 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 1 as chair
- Shirish SankheIndependent · joined May 2024 · 25 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Vikram GandhiIndependent · joined Aug 2019 · reappointed Aug 2024 · 82 months as independent · 1 listed board · 1 as independent
- Vimal BhandariIndependent · joined May 2024 · 25 months as independent · 4 listed boards · 4 as independent · 5 committee seats, 3 as chair
- Vinayak ChatterjeeNon-executive · joined Dec 2021 · 2 listed boards · 1 as independent · 1 committee seat, 1 as chair
- Harsh Vardhan ShringlaIndependent · joined Aug 2025 · 10 months as independent · 2 listed boards · 2 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.
1 director who left
- Nirupama Rao, left 28 Jul 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 30 Jun 20269 of 10 present6 independent · 44 days in between
- 16 May 20269 of 10 present6 independent · 39 days in between
- 6 Apr 202610 of 10 present7 independent · 65 days in between
- 30 Jan 20269 of 10 present6 independent
Audit Committee
Chair Vimal Bhandari
M.S. Unnikrishnan, Neera Saggi
- 15 May 20263 of 3 present3 independent · 10 days in between
- 4 May 20263 of 3 present3 independent · 41 days in between
- 23 Mar 20263 of 3 present3 independent · 51 days in between
- 30 Jan 20263 of 3 present3 independent · 23 days in between
1 earlier meeting
- 6 Jan 20263 of 3 present3 independent
Nomination and remuneration committee
Chair M.S. Unnikrishnan
Vimal Bhandari, Arvind Singh
- 15 May 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair Arvind Singh
Vimal Kejriwal, Shirish Sankhe
- 23 Mar 20263 of 3 present2 independent
Risk Management Committee
Chair M.S. Unnikrishnan
Vimal Bhandari, Shirish Sankhe
- 23 Mar 20263 of 3 present3 independent
Corporate Social Responsibility Committee
Chair Arvind Singh
Neera Saggi, Shirish Sankhe
- 15 May 20263 of 3 present3 independent · 52 days in between
- 23 Mar 20263 of 3 present3 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- Price Waterhouse Chartered Accountants LLPPeer-review certificate valid to Nov 2026
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.
KEC International 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.KEC International dividend history
Annual general meeting, 21 Aug 2026
2,50,198 shareholders on the register on 14 Aug 2026; present: 23 promoters and 41 others; votes counted by Mr. P.N. Parikh / Parikh Parekh & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt: a) The 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) The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.64%
Turnout: all 77.87% · promoters 100.00% · institutions 89.76% · other public 0.16%
- To declare a Dividend on Equity Shares at the rate of ₹5.50 /- (Five Rupees Fifty Paisa Only) per Equity Share for the financial year ended March 31, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.64%
Turnout: all 77.99% · promoters 100.00% · institutions 90.14% · other public 0.16%
To appoint a Director in place of Mr. Vimal Kejriwal (DIN: 00026981), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers himself for re-appointmentMoreLess
Ordinary99.90% for0.10% againstAgainst: promoters 0.00% · institutions 0.29% · other public 6.67%
Turnout: all 77.99% · promoters 100.00% · institutions 90.14% · other public 0.16%
- Ratification of remuneration of Cost AuditorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.00%
Turnout: all 77.99% · promoters 100.00% · institutions 90.14% · other public 0.16%
- Approval for payment of Commission to Mr. Harsh V. Goenka, Non-Executive ChairmanSpecial90.43% for9.57% against
Against: promoters 0.00% · institutions 26.77% · other public 6.71%
Turnout: all 77.99% · promoters 100.00% · institutions 90.14% · other public 0.16%
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, 13 Sep 2025, 2 resolutions
1,80,478 shareholders on the register on 11 Aug 2025; votes counted by Mr. P.N. Parikh / Parikh Parekh & Associates.The company's voting result (opens in a new tab)
- Re-appointment of Mr. Vimal Kejriwal (DIN: 00026981) as the Managing Director & Chief Executive OfficerOrdinary99.97% for0.03% against
Against: promoters 0.00% · institutions 0.07% · other public 0.77%
Turnout: all 84.62% · promoters 100.00% · institutions 88.85% · other public 4.26%
- Appointment of Mr. Harsh Vardhan Shringla (DIN: 11203013) as an Independent DirectorSpecial97.00% for3.00% against
Against: promoters 0.00% · institutions 7.45% · other public 0.74%
Turnout: all 84.62% · promoters 100.00% · institutions 88.85% · other public 4.26%
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, 8 Aug 2025, 9 resolutions
1,80,454 shareholders on the register on 1 Aug 2025; present: 23 promoters and 32 others; votes counted by Mr. P.N. Parikh / Parikh Parekh & Associates.The company's voting result (opens in a new tab)
a. Adoption of the 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. Adoption of the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 11.41%
Turnout: all 84.05% · promoters 100.00% · institutions 88.56% · other public 0.16%
- Declaration of Dividend on Equity Shares at the rate of Rs. 5.50 (Five Rupees Fifty Paisa Only) per Equity Share for the financial year ended March 31, 2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 11.77%
Turnout: all 84.94% · promoters 100.00% · institutions 90.89% · other public 0.16%
- Re-appointment of Mr. Vinayak Chatterjee (DIN: 00008933), as a Director, liable to retire by rotationOrdinary99.84% for0.16% against
Against: promoters 0.00% · institutions 0.38% · other public 14.90%
Turnout: all 84.94% · promoters 100.00% · institutions 90.89% · other public 0.16%
- Appointment of M/s. Parikh Parekh & Associates, Company Secretaries, as the Secretarial Auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 13.90%
Turnout: all 84.94% · promoters 100.00% · institutions 90.89% · other public 0.16%
- Ratification of remuneration to Cost AuditorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 14.68%
Turnout: all 84.94% · promoters 100.00% · institutions 90.89% · other public 0.16%
- Approval for Material Related Party Transactions with Al Sharif Group & KEC Limited Company, a Subsidiary of the CompanyOrdinary72.28% for27.72% against
Against: promoters 0.00% · institutions 27.72% · other public 15.01%
Turnout: all 34.83% · promoters 0.00% · institutions 90.88% · other public 0.15%
- Approval for payment of Commission to Mr. Harsh V. Goenka, Non-Executive ChairmanSpecial92.88% for7.12% against
Against: promoters 0.00% · institutions 17.36% · other public 16.16%
Turnout: all 84.94% · promoters 100.00% · institutions 90.88% · other public 0.16%
- Enhancement of borrowing limits of the CompanySpecial99.75% for0.25% against
Against: promoters 0.00% · institutions 0.60% · other public 15.01%
Turnout: all 84.94% · promoters 100.00% · institutions 90.89% · other public 0.16%
- Authority for creation of mortgage and/or charge on properties of the CompanySpecial99.75% for0.25% against
Against: promoters 0.00% · institutions 0.60% · other public 15.13%
Turnout: all 84.94% · promoters 100.00% · institutions 90.89% · other public 0.16%
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, 22 Aug 2024, 8 resolutions
Present: 23 promoters and 35 others.The company's voting result (opens in a new tab)
(a)Adoption of Audited Standalone Financial Statements for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon.n(b) Adoption of Audited Consolidated Financial Statements for the financial year ended March 31, 2024, together with the Report of the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.22%
Turnout: all 86.10% · promoters 100.00% · institutions 90.71% · other public 0.26%
- Declaration of Dividend on Equity Shares at the rate of Rs. 4.00 (Rupees Four only) per Equity Share for the financial year ended March 31, 2024Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.37%
Turnout: all 86.13% · promoters 100.00% · institutions 90.80% · other public 0.26%
- Re-appointment of Mr. Harsh V. Goenka (DIN: 00026726), as Director, liable to retire by rotationOrdinary98.81% for1.19% against
Against: promoters 0.00% · institutions 2.99% · other public 0.88%
Turnout: all 86.13% · promoters 100.00% · institutions 90.80% · other public 0.26%
- Ratification of remuneration to Cost AuditorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.37%
Turnout: all 86.13% · promoters 100.00% · institutions 90.80% · other public 0.26%
- Appointment of Mr. Arvind Singh (DIN: 02780573) as an Independent DirectorSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.90%
Turnout: all 86.13% · promoters 100.00% · institutions 90.80% · other public 0.26%
- Re-appointment of Mr. Vimal Kejriwal (DIN: 00026981) as the Managing Director & Chief Executive Officer, for a period of one year w.e.f. April 1, 2025 to March 31, 2026Special93.73% for6.27% against
Against: promoters 0.00% · institutions 15.78% · other public 2.06%
Turnout: all 86.11% · promoters 100.00% · institutions 90.75% · other public 0.26%
- Approval for payment of Commission to Mr. Harsh V. Goenka, Non-Executive ChairmanSpecial91.50% for8.50% against
Against: promoters 0.00% · institutions 21.39% · other public 3.00%
Turnout: all 86.11% · promoters 100.00% · institutions 90.75% · other public 0.25%
- Raising of funds by issuance of equity shares and/or any other equity-based instruments, through qualified institutions placement and/or any other permissible modeSpecial88.70% for11.30% against
Against: promoters 0.00% · institutions 28.44% · other public 1.76%
Turnout: all 86.11% · promoters 100.00% · institutions 90.75% · other public 0.26%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 14 Jun 2024, 6 resolutions
The company's voting result (opens in a new tab)
- Appointment of Ms. Neera Saggi (DIN: 00501029) as an Independent DirectorSpecial99.37% for0.63% against
Against: promoters 0.00% · institutions 1.60% · other public 1.25%
Turnout: all 86.08% · promoters 100.00% · institutions 90.01% · other public 0.49%
- Appointment of Mr. Vimal Bhandari (DIN: 00001318) as an Independent DirectorSpecial95.84% for4.16% against
Against: promoters 0.00% · institutions 10.48% · other public 1.13%
Turnout: all 86.08% · promoters 100.00% · institutions 90.01% · other public 0.48%
- Appointment of Dr. Shirish Sankhe (DIN: 10197152) as an Independent DirectorSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.21%
Turnout: all 86.08% · promoters 100.00% · institutions 90.01% · other public 0.48%
- Re-appointment of Mr. Vikram Gandhi (DIN: 05168309) as an Independent Director for a second termSpecial86.94% for13.06% against
Against: promoters 0.00% · institutions 32.91% · other public 2.14%
Turnout: all 86.08% · promoters 100.00% · institutions 90.01% · other public 0.48%
- Re-appointment of Mr. M. S. Unnikrishnan (DIN: 01460245) as an Independent Director for ansecond termSpecial99.74% for0.26% against
Against: promoters 0.00% · institutions 0.66% · other public 1.93%
Turnout: all 86.08% · promoters 100.00% · institutions 90.01% · other public 0.48%
- Approval for Material Related Party Transactions with Al Sharif Group & KEC Limited Company, a Subsidiary of the CompanyOrdinary83.63% for16.37% against
Against: promoters 0.00% · institutions 16.40% · other public 2.15%
Turnout: all 34.20% · promoters 0.00% · institutions 90.01% · other public 0.48%
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, 8 Aug 2023, 9 resolutions
Present: 23 promoters and 41 others.The company's voting result (opens in a new tab)
(a)Adoption of Audited Standalone Financial Statements for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and the Auditors thereon.n(b) Adoption of Audited Consolidated Financial Statements for the financial year ended March 31, 2023, together with the Report of the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.89%
Turnout: all 87.48% · promoters 100.00% · institutions 92.31% · other public 0.19%
- Declaration of Dividend on Equity Shares at the rate of Rs. 3.00 (Rupees Three only) per Equity Share for the financial year ended March 31, 2023.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.89%
Turnout: all 87.55% · promoters 100.00% · institutions 92.50% · other public 0.19%
- Re-appointment of Mr. Vimal Kejriwal (DIN: 00026981), as Director, liable to retire by rotationOrdinary99.84% for0.16% against
Against: promoters 0.00% · institutions 0.38% · other public 1.90%
Turnout: all 87.55% · promoters 100.00% · institutions 92.50% · other public 0.19%
- Ratification of Remuneration to the Cost AuditorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.35%
Turnout: all 87.55% · promoters 100.00% · institutions 92.50% · other public 0.19%
- Approval for Material Related Party Transactions with Al Sharif Group & KEC Limited Company, a Subsidiary of the CompanyOrdinary82.75% for17.25% against
Against: promoters 0.00% · institutions 17.26% · other public 3.35%
Turnout: all 35.67% · promoters 0.00% · institutions 92.50% · other public 0.18%
- Re-appointment of Mr. Vimal Kejriwal (DIN: 00026981)nas Managing Director & CEO, for a period of one year w.e.f. April 1, 2024 to March 31, 2025.Special92.78% for7.22% against
Against: promoters 0.00% · institutions 17.74% · other public 1.89%
Turnout: all 87.55% · promoters 100.00% · institutions 92.50% · other public 0.19%
- Approval for payment of Commission to Mr. Harsh V. Goenka, Non-Executive Chairman.Special89.21% for10.79% against
Against: promoters 0.00% · institutions 26.50% · other public 2.90%
Turnout: all 87.55% · promoters 100.00% · institutions 92.50% · other public 0.19%
- Enhancement of borrowing limits of the CompanySpecial99.76% for0.24% against
Against: promoters 0.00% · institutions 0.58% · other public 1.73%
Turnout: all 87.55% · promoters 100.00% · institutions 92.50% · other public 0.19%
- Authority for creation of mortgage and/or charge onnproperties of the CompanySpecial99.76% for0.24% against
Against: promoters 0.00% · institutions 0.58% · other public 1.81%
Turnout: all 87.55% · promoters 100.00% · institutions 92.50% · other public 0.19%
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, 10 Dec 2022, 1 resolution
The company's voting result (opens in a new tab)
- Approval for Material Related Party Transactions with Al Sharif Group & KEC Limited Company, a Subsidiary of the CompanyOrdinary86.29% for13.71% against
Against: promoters 0.00% · institutions 13.74% · other public 2.87%
Turnout: all 35.23% · promoters 0.00% · institutions 92.51% · other public 1.00%
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 Jun 2022, 7 resolutions
Present: 25 promoters and 28 others.The company's voting result (opens in a new tab)
(a) Adoption of Audited Standalone Financial Statements for the financial year ended March 31, 2022, together with the Reports of the Board of Directors and Auditors thereon.n(b) Adoption of Audited Consolidated Financial Statements for the financial year ended March 31, 2022, together with Report of Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.41%
Turnout: all 76.26% · promoters 100.00% · institutions 63.23% · other public 0.28%
- Declaration of Dividend on Equity Shares at the rate of Rs. 4/- (Rupees Four only) per Equity Share for the financial year ended March 31, 2022.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.35%
Turnout: all 76.29% · promoters 100.00% · institutions 63.31% · other public 0.28%
- Re-appointment of Mr. Harsh V. Goenka (DIN:00026726) as Director, liable to retire by rotation.Ordinary93.33% for6.67% against
Against: promoters 0.00% · institutions 20.87% · other public 0.99%
Turnout: all 76.29% · promoters 100.00% · institutions 63.31% · other public 0.28%
- Re-appointment of M/s. Price Waterhouse Chartered Accountants LLP as the Statutory Auditors of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.01%
Turnout: all 76.29% · promoters 100.00% · institutions 63.31% · other public 0.28%
- Ratification of Remuneration to the Cost AuditorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.89%
Turnout: all 76.29% · promoters 100.00% · institutions 63.31% · other public 0.28%
- Appointment of Mr. Vinayak Chatterjee (DIN:00008933) as Non-Executive nNon-Independent Director of the Company, liable to retire by rotation.Ordinary94.98% for5.02% against
Against: promoters 0.00% · institutions 15.70% · other public 0.77%
Turnout: all 76.29% · promoters 100.00% · institutions 63.31% · other public 0.28%
- Approval for payment of Commission to Mr. Harsh V. Goenka, Non Executive Chairman.Special87.19% for12.81% against
Against: promoters 0.00% · institutions 40.07% · other public 8.56%
Turnout: all 76.29% · promoters 100.00% · institutions 63.31% · other public 0.28%
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 21 Aug 2026, 10 fund houses so far (houses' deadline to file 15 Oct 2026)
To receive, consider and adopt: a) The 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) The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereonMoreLess
10 for0 against- To declare a Dividend on Equity Shares at the rate of ₹5.50 /- (Five Rupees Fifty Paisa Only) per Equity Share for the financial year ended March 31, 202610 for0 against
To appoint a Director in place of Mr. Vimal Kejriwal (DIN: 00026981), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers himself for re-appointmentMoreLess
10 for0 against- Ratification of remuneration of Cost Auditor10 for0 against
- Approval for payment of Commission to Mr. Harsh V. Goenka, Non-Executive Chairman
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundGovernance concern: Commission payable to Mr. H. V. Goenka is skewed compared to the commission paid to other Non-Executive Directors on the Board.
- Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: Commission payable to Mr. H. V. Goenka is skewed compared to the commission paid to other NEDs on the Board.
7 for3 against
Mutual fund votes, meeting of 13 Sep 2025, 26 fund houses
- Re-appointment of Mr. Vimal Kejriwal (DIN: 00026981) as the Managing Director & Chief Executive Officer26 for0 against
- Appointment of Mr. Harsh Vardhan Shringla (DIN: 11203013) as an Independent Director26 for0 against
6 earlier meetings
Mutual fund votes, meeting of 8 Aug 2025, 25 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
a. Adoption of the 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. Adoption of the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.MoreLess
25 for0 against- Declaration of Dividend on Equity Shares at the rate of Rs. 5.50 (Five Rupees Fifty Paisa Only) per Equity Share for the financial year ended March 31, 202525 for0 against
- Re-appointment of Mr. Vinayak Chatterjee (DIN: 00008933), as a Director, liable to retire by rotation25 for0 against
- Appointment of M/s. Parikh Parekh & Associates, Company Secretaries, as the Secretarial Auditors of the Company25 for0 against
- Ratification of remuneration to Cost Auditor25 for0 against
- Approval for Material Related Party Transactions with Al Sharif Group & KEC Limited Company, a Subsidiary of the Company
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundTransparency concern: Unclear how the sale or purchase of business assets/ equipments falls within the ordinary course of business.
- Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Transparency concern: Unclear how the sale or purchase of business assets/ equipments falls within the ordinary course of business.
20 for5 against - Approval for payment of Commission to Mr. Harsh V. Goenka, Non-Executive Chairman
Against Angel One Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundGovernance concern: Commission payable to Mr. H. V. Goenka is skewed compared to the commission paid to other Non-Executive Directors on the Board.
- Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: Commission payable to Mr. H. V. Goenka is skewed compared to the commission paid to other NEDs on the Board.
19 for6 against - Enhancement of borrowing limits of the Company6 for0 against
- Authority for creation of mortgage and/or charge on properties of the Company24 for0 against
2 proposals not matched to one resolution
- Approve Pledging of Assets for Debt1 for0 against
To borrow any sum or sums of money (including fund based and non-fund based working capital facilities) from time to time at its discretion, for the purpose of the business of the Company, from any one or more Banks, Financial Institutions and other Persons, Firms and/or Bodies Corporate, notwithstanding that the monies to be borrowed together with the monies already borrowed by the Company (apart from temporary loans obtained from the Company’s Bankers in the ordinary course of business) may, at any time, exceed the aggregate of the paid-up share capital of the Company, its free reserves (that is to say reserves not set apart for any specific purpose) and securities premium, subject to such aggregate borrowings not exceeding the amount of Rs. 30,000 Crore.MoreLess
19 for0 against
Mutual fund votes, meeting of 22 Aug 2024, 16 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
(a)Adoption of Audited Standalone Financial Statements for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon.n(b) Adoption of Audited Consolidated Financial Statements for the financial year ended March 31, 2024, together with the Report of the Auditors thereon.MoreLess
16 for0 against- Declaration of Dividend on Equity Shares at the rate of Rs. 4.00 (Rupees Four only) per Equity Share for the financial year ended March 31, 202416 for0 against
- Re-appointment of Mr. Harsh V. Goenka (DIN: 00026726), as Director, liable to retire by rotation
Against Baroda BNP Paribas Mutual Fund, Groww Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual Fund
- Baroda BNP Paribas Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merit of proposed appointee. Governance Concern: Commission payable to Mr. H. V. Goenka is skewed compared to the commission paid to other NEDs on the Board.
- JM Financial Mutual FundCompliant with law. No concern on the merit of proposed appointee. Governance Concern: Commission payable to Mr. H. V. Goenka is skewed compared to the commission paid to other Non- Executive Directors on the Board.
12 for4 against - Ratification of remuneration to Cost Auditor16 for0 against
- Appointment of Mr. Arvind Singh (DIN: 02780573) as an Independent Director16 for0 against
- Re-appointment of Mr. Vimal Kejriwal (DIN: 00026981) as the Managing Director & Chief Executive Officer, for a period of one year w.e.f. April 1, 2025 to March 31, 202616 for0 against
- Approval for payment of Commission to Mr. Harsh V. Goenka, Non-Executive Chairman
Against Baroda BNP Paribas Mutual Fund, Groww Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual Fund
- Baroda BNP Paribas Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merit of proposed appointee. Governance Concern: Commission payable to Mr. H. V. Goenka is skewed compared to the commission paid to other NEDs on the Board.
- JM Financial Mutual FundCompliant with law. No concern on the merit of proposed appointee. Governance Concern: Commission payable to Mr. H. V. Goenka is skewed compared to the commission paid to other Non- Executive Directors on the Board.
12 for4 against - Raising of funds by issuance of equity shares and/or any other equity-based instruments, through qualified institutions placement and/or any other permissible mode
Against Baroda BNP Paribas Mutual Fund, Groww Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual Fund
- Baroda BNP Paribas Mutual Fund, Groww Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance concern: Significant dilution. No clarity regarding not opting for Rights Issue
8 for4 against
3 proposals not matched to one resolution
- 8) Approve issuance of equity or equity-linked securities up to Rs. 45.0 bn.1 for0 against
- Approve issuance of equity or equity-linked securities up to Rs. 45.0 bn2 for0 against
- Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights1 for0 against
Mutual fund votes, meeting of 14 Jun 2024, 14 fund houses
- Appointment of Ms. Neera Saggi (DIN: 00501029) as an Independent Director14 for0 against
- Appointment of Mr. Vimal Bhandari (DIN: 00001318) as an Independent Director
Against DSP Mutual Fund, Edelweiss Mutual Fund, SBI Mutual Fund
- DSP Mutual Fund, SBI Mutual FundVimal Bhandari, 65, is the Executive Vice Chairperson and CEO of Arka Fincap Limited and has over 35 years of experience in the financial services industry. He serves as Independent Director on the boards of five listed companies (including KEC International Limited). Given their full-time responsibilities, regulations allow whole-time directors of listed companies to be independent directors in a maximum of three listed companies. Although his appointment is compliant with regulations, we believe that, as Executive Chairperson and CEO of Arka Fincap, his responsibilities are equivalent to a whole-time directorship. Therefore, his high number of directorships on listed companies is not in keeping with the spirit of the regulation. We are unable to support his appointment.
- Edelweiss Mutual FundNo relevant experience
11 for3 against - Appointment of Dr. Shirish Sankhe (DIN: 10197152) as an Independent Director14 for0 against
- Re-appointment of Mr. Vikram Gandhi (DIN: 05168309) as an Independent Director for a second term
Against DSP Mutual Fund, Edelweiss Mutual Fund, HSBC Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual Fund, SBI Mutual Fund
- DSP Mutual Fund, SBI Mutual FundVikram Gandhi, 62, is a faculty member of the Harvard Business School and founder of Asha Impact, an impact investing platform. He is a senior advisor to the Canada Pension Plan Investment Board and is a member of the Young Presidents Organization since 1997. Previously as an investment banker, he has also led various teams at Credit Suisse and Morgan Stanley. He was appointed as Independent Director on 7 August 2019. He has attended 50% (2 out of 4) board meetings held in FY24 and 67% (10 out of 15) board meetings held in the last three years. We expect directors to take their responsibilities seriously and attend all board meetings, and at the very least 75% board meetings over a three-year period. Therefore, we are unable to support his reappointment.
- Edelweiss Mutual FundNo relevant experience
- HSBC Mutual FundVikram Gandhi has failed to attend at least 75 percent of board meetings in the most recent fiscal year, without a satisfactory explanation.
- JM Financial Mutual Fund, Motilal Oswal Mutual FundRe-appointment compliant with law. Governance concern: Low attendance in AGM and Board meetings.
8 for6 against - Re-appointment of Mr. M. S. Unnikrishnan (DIN: 01460245) as an Independent Director for ansecond term14 for0 against
- Approval for Material Related Party Transactions with Al Sharif Group & KEC Limited Company, a Subsidiary of the Company14 for0 against
Mutual fund votes, meeting of 8 Aug 2023, 12 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
(a)Adoption of Audited Standalone Financial Statements for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and the Auditors thereon.n(b) Adoption of Audited Consolidated Financial Statements for the financial year ended March 31, 2023, together with the Report of the Auditors thereon.MoreLess
12 for0 against- Declaration of Dividend on Equity Shares at the rate of Rs. 3.00 (Rupees Three only) per Equity Share for the financial year ended March 31, 2023.12 for0 against
- Re-appointment of Mr. Vimal Kejriwal (DIN: 00026981), as Director, liable to retire by rotation12 for0 against
- Ratification of Remuneration to the Cost Auditor12 for0 against
- Approval for Material Related Party Transactions with Al Sharif Group & KEC Limited Company, a Subsidiary of the Company12 for0 against
- Re-appointment of Mr. Vimal Kejriwal (DIN: 00026981)nas Managing Director & CEO, for a period of one year w.e.f. April 1, 2024 to March 31, 2025.12 for0 against
- Approval for payment of Commission to Mr. Harsh V. Goenka, Non-Executive Chairman.
Against JM Financial Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund
- JM Financial Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual FundCompliant with Law. Governance Concern: Excessive Commission as compared to other directors.
9 for3 against - Enhancement of borrowing limits of the Company5 for0 against
- Authority for creation of mortgage and/or charge onnproperties of the Company4 for0 against
3 proposals not matched to one resolution
- Approve Pledging of Assets for Debt1 for0 against
To borrow any sum or sums of money (including fund based and non-fund based working capital facilities) from time to time at its discretion, for the purpose of the business of the Company, from any one or more Banks, Financial Institutions and other Persons, Firms, Bodies Corporate, notwithstanding that the monies to be borrowed together with the monies already borrowed by the Company (apart from temporary loans obtained from the Company’s Bankers in the ordinary course of business) may, at any time, exceed the aggregate of the paid-up share capital of the Company, its free reserves (that is to say reserves not set apart for any specific purpose) and securities premium, subject to such aggregate borrowings not exceeding the amount of Rs.25,000 Crore.MoreLess
7 for0 againstTo mortgage/charge/hypothecate/ pledge/create security in any form or manner on all or any of the movable and/or immovable properties of the Company, both present and future or the whole or substantially the whole of the undertaking(s) of the Company for securing any loan(s) or facility(ies) including Rupee loans, foreign currency loans, debentures, bonds or other instruments or fund based and non-fund based working capital facilities availed or as may be availed by the Company, within the overall borrowings limits fixed by the Members from time to time, from any Financial Institution(s) or Bank(s) or Person(s) or entities, together with interest, costs, charges, expenses and any other monies payable thereon.MoreLess
7 for0 against
Mutual fund votes, meeting of 10 Dec 2022, 12 fund houses
- Approval for Material Related Party Transactions with Al Sharif Group & KEC Limited Company, a Subsidiary of the Company
Against HSBC Mutual Fund
- HSBC Mutual FundA vote AGAINST this resolution is warranted due to lack of information. Due to the lack of sufficient information, it is difficult to assess and justify the potential impact of the proposed financial assistance on the company's financial position, as well as determine the merits of the same to the company and its shareholders.
11 for1 against
Mutual fund votes, meeting of 30 Jun 2022, 10 fund houses
(a) Adoption of Audited Standalone Financial Statements for the financial year ended March 31, 2022, together with the Reports of the Board of Directors and Auditors thereon.n(b) Adoption of Audited Consolidated Financial Statements for the financial year ended March 31, 2022, together with Report of Auditors thereon.MoreLess
10 for0 against- Declaration of Dividend on Equity Shares at the rate of Rs. 4/- (Rupees Four only) per Equity Share for the financial year ended March 31, 2022.10 for0 against
- Re-appointment of Mr. Harsh V. Goenka (DIN:00026726) as Director, liable to retire by rotation.10 for0 against
- Re-appointment of M/s. Price Waterhouse Chartered Accountants LLP as the Statutory Auditors of the Company.10 for0 against
- Ratification of Remuneration to the Cost Auditor10 for0 against
- Appointment of Mr. Vinayak Chatterjee (DIN:00008933) as Non-Executive nNon-Independent Director of the Company, liable to retire by rotation.
Against HSBC Mutual Fund
- HSBC Mutual FundA vote AGAINST this resolution is warranted because: - The board is chaired by a promoter director and the board is not at least one-half independent (reclassification) and the proposed person is non-independent director nominee.
9 for1 against - Approval for payment of Commission to Mr. Harsh V. Goenka, Non Executive Chairman.
Against HSBC Mutual Fund
- HSBC Mutual FundA vote AGAINST this resolution is desired as this is a case of Non-Executive Director participating in incentive schemes, which should be dissuaded.
9 for1 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines and tax disputes
Reported in the filing for the quarter to Jun 2026.
- Fine or penaltyGST Authority - GujaratSince 6 Jun 2026
Order issued under section 129 of the CGST Act
Penalty imposed for Vehicle detention while transferring goods under stock transfer: Rs. 7,98,798/- - Tax disputeCustoms, Excise & VAT Commissionerate, Dhaka (South)Since 14 May 2024No change in the status. The Company will take all appropriate legal measures to defend its position, including challenging the order before the High Court of Bangladesh, as necessary .
At the filing before: The VAT Tribunal, vide order dated Nov 20, 2024 (received December 1, 2024) dismissed the appeal of Bangladesh branch of the Company against the VAT demand for July 2019 to June 2022, and remanded the matter for July 2017 to June 2019 to the VAT commissioner for the re-verification. The Company filed a review petition for July 2019 to June 2022, pursuant to which the Tribunal has remanded the matter to the Commissioner for the fresh adjudication within 120 days. The VAT commissioner sought factual details for July 2017 to June2022, pursuant to the Tribunal’s decision and the Company has submitted all requested information and the Company is awaiting fresh adjudication.MoreLess
- Tax disputeIncome Tax Department, Assessment Unit, Commissioner of Income tax (Appeals)Since 24 Mar 2026Appeal is pending before CIT(A) Stay application is pending before Principal Commissioner of Income-tax (PCIT)
At the filing before: KEC Spur Infrastructure Private Limited received an Order dated March 24, 2026 for the financial year 2022-23 raising a tax demand of Rs. 46.19 crores, primarily arising out of ad-hoc additions / disallowances of normal business expenditures and alleged unverified creditors.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
- Yes
- 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.