KEI Industries logo

KEI Industries MD, chairman, board of directors and AGM

NSE: KEIBSE: 517569Industrial ProductsMid Cap

Last close ₹3,725.00down ₹148.00 (3.82%)BSE ₹3,715.10

Share price at the NSE close on 23 Oct 2026. Previous close ₹3,873.00.

52-week range of traded prices to 23 Oct 2026
₹3,666.10Low, 23 Oct 2026₹5,899.00High, 18 Aug 2026
Market cap
₹35,611 Cr208th largest listed
P/E
33.7
P/B
4.9
Dividend yield
0.12%
ROE
15.8%
ROCE
18.2%
Debt to equity
0.04
Volume, NSE
8,31,15335.5% delivered

KEI Industries 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 directorAnil Gupta
  • Company Secretary and Compliance OfficerKISHORE KUNAL

8 directors4 independent3 executive1 non-executive

  • Anil Gupta · Chairperson and managing directorExecutive · joined Dec 1992 · reappointed Jul 2024 · 1 listed board
  • Akshit Diviaj GuptaExecutive · joined May 2017 · reappointed May 2022 · 1 listed board
  • Archana GuptaNon-executive · joined Jan 2005 · 1 listed board
  • Rajeev GuptaExecutive · joined Apr 2006 · reappointed Jun 2025 · 1 listed board
  • Sadhu Ram BansalIndependent · joined Jan 2018 · reappointed Jan 2023 · 104 months as independent · 4 listed boards · 4 as independent · 5 committee seats, 2 as chair
  • Shalini GuptaIndependent · joined Feb 2019 · reappointed Feb 2024 · 91 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Rajesh Kumar YaduvanshiIndependent · joined Mar 2024 · reappointed Mar 2024 · 30 months as independent · 3 listed boards · 3 as independent · 2 committee seats
  • Vinay MittalIndependent · joined Jul 2024 · reappointed Jul 2024 · 26 months as independent · 1 listed board · 1 as independent · 2 committee seats

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

    • 3 Aug 20268 of 8 present4 independent · 90 days in between
    • 4 May 20268 of 8 present4 independent

  • Audit Committee

    Chair Sadhu Ram Bansal

    Vinay Mittal, Shalini Gupta

    • 3 Aug 20263 of 3 present3 independent · 90 days in between
    • 4 May 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair Shalini Gupta

    Sadhu Ram Bansal, Rajesh Kumar Yaduvanshi

    • 3 Aug 20263 of 3 present3 independent · 90 days in between
    • 4 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Shalini Gupta

    Vinay Mittal, Rajesh Kumar Yaduvanshi

    • 3 Aug 20263 of 3 present3 independent · 90 days in between
    • 4 May 20263 of 3 present3 independent

  • Risk Management Committee

    Chair Sadhu Ram Bansal

    Anil Gupta, Rajeev Gupta, Rajesh Kumar Yaduvanshi, Vinay Mittal

    • 3 Aug 20265 of 5 present3 independent

  • Corporate Social Responsibility Committee

    Chair Sadhu Ram Bansal

    Anil Gupta, Rajeev Gupta, Rajesh Kumar Yaduvanshi

    No meeting listed in the filing.

  • Share Allotment Committee

    Chair Rajesh Kumar Yaduvanshi

    Shalini Gupta, Anil Gupta

    No meeting listed in the filing.

  • Finance Committee

    Chair Anil Gupta

    Archana Gupta, Rajeev Gupta

    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.

  • M/S PAWAN SHUBHAM & CO.Peer-review certificate valid to Feb 2028

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.

KEI Industries 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.KEI Industries dividend history

Annual general meeting, 28 Sep 2026

1,79,438 shareholders on the register on 21 Sep 2026; present: 8 promoters and 433 others; votes counted by Mr. Sumit Kumar / S.K. Batra & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026, the Report of Board of Directors and Auditors of the Company thereon and the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Report of Auditors thereon.MoreLess
    Ordinary
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.40% · other public 0.00%

    Turnout: all 82.42% · promoters 100.00% · institutions 88.48% · other public 7.96%

  2. To confirm the payment of Interim Dividend of Rs.4.50 per equity share already paid during the year as the Final Dividend for the Financial Year 2025-26.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.44% · promoters 100.00% · institutions 88.51% · other public 7.96%

  3. To appoint a Director in place of Mr. Anil Gupta (holding DIN: 00006422), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    92.04% for7.96% against

    Against: promoters 0.00% · institutions 14.13% · other public 0.02%

    Turnout: all 82.41% · promoters 100.00% · institutions 88.47% · other public 7.96%

  4. Ratification of Remuneration of M/s. S. Chander & Associates, Cost Accountants, appointed as Cost Auditors of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 82.44% · promoters 100.00% · institutions 88.51% · other public 7.96%

  5. Re-appointment of Mr. Akshit Diviaj Gupta (DIN- 07814690), as whole time director of the Company for a period of 5 Years.
    Ordinary
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 0.32% · other public 0.02%

    Turnout: all 82.44% · promoters 100.00% · institutions 88.51% · other public 7.96%

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 Jul 2025, 6 resolutions

1,71,788 shareholders on the register on 23 Jul 2025; present: 6 promoters and 412 others; votes counted by Mr. Sumit Kumar / S.K. Batra & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025, the Report of Board of Directors and Auditors of the Company thereon and the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025 and the Report of Auditors thereon.MoreLess
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 84.74% · promoters 100.00% · institutions 92.78% · other public 9.31%

  2. To confirm the payment of Interim Dividend of Rs.4.00 per equity share already paid during the year as the Final Dividend for the Financial Year 2024-25.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 84.74% · promoters 100.00% · institutions 92.78% · other public 9.31%

  3. To appoint a Director in place of Mr. Akshit Diviaj Gupta (holding DIN: 07814690), who retires by rotation and being eligible, offers himself for reappointment.
    Ordinary
    96.86% for3.14% against

    Against: promoters 0.00% · institutions 5.47% · other public 0.01%

    Turnout: all 84.74% · promoters 100.00% · institutions 92.78% · other public 9.31%

  4. Ratification of Remuneration of M/s. S. Chander & Associates, Cost Accountants, appointed as Cost Auditors of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 84.74% · promoters 100.00% · institutions 92.78% · other public 9.31%

  5. To appoint M/s S K Batra & Associates, Practicing Company Secretaries Firm having a valid Peer review certificate, (Peer review certificate No.: S2008DE794900 issued by Institute of Company Secretaries of India) as Secretarial Auditors of the Company for a period of 5 years.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 84.74% · promoters 100.00% · institutions 92.78% · other public 9.31%

  6. Approval for Increase in Remuneration of Ms. Vedika Gupta and Holding an Office or Place of Profit in the Company.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.05%

    Turnout: all 49.72% · promoters 0.00% · institutions 92.78% · other public 9.31%

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, 21 Feb 2025, 1 resolution

1,70,017 shareholders on the register on 17 Jan 2025; votes counted by Mr. Sumit Kumar / S.K. Batra & Associates.The company's voting result (opens in a new tab)

  1. To consider and approve re-appointment of Mr. Rajeev Gupta (holding DIN: 00128865) as Executive Director(Finance) & CFO of the Company for a period of five (5)years.
    Ordinary
    96.66% for3.34% against

    Against: promoters 0.00% · institutions 6.03% · other public 0.15%

    Turnout: all 80.18% · promoters 100.00% · institutions 87.53% · other public 5.78%

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.

Postal ballot, 17 Nov 2024, 1 resolution

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

  1. To approve raising of funds in one or more tranches, by issuance of equity shares and other eligible securities by way of qualified institutions placement(s) for an amount not exceeding Rs. 20,000 Million.MoreLess
    Special
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 0.50% · other public 0.03%

    Turnout: all 78.26% · promoters 100.00% · institutions 85.65% · other public 7.65%

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 Sep 2024, 5 resolutions

Present: 8 promoters and 392 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2024, the Report of Board of Directorsnand Auditors of the Company thereon and the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2024 and the Report of Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 78.52% · promoters 100.00% · institutions 85.08% · other public 7.87%

  2. To confirm the payment of Interim Dividend of Rs. 3.50 per equity share already paid during the year as the Final Dividend for the Financial Year 2023-24.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 78.53% · promoters 100.00% · institutions 85.09% · other public 7.87%

  3. To appoint a Director in place of Ms. Archana Gupta (holding DIN: 00006459), who retires by rotation and being eligible, offers herself for re-appointment.
    Ordinary
    94.80% for5.20% against

    Against: promoters 0.00% · institutions 10.16% · other public 0.03%

    Turnout: all 78.53% · promoters 100.00% · institutions 85.09% · other public 7.86%

  4. Approval for Ratification of Remuneration of M/s. S. Chander & Associates, Cost Accountants, appointed as Cost Auditors of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 78.47% · promoters 100.00% · institutions 84.97% · other public 7.86%

  5. To consider and approve appointment ofnMr. Vinay Mittal (holding DIN: 05107333) as annIndependent Director of the Company.
    Special
    99.43% for0.57% against

    Against: promoters 0.00% · institutions 1.12% · other public 0.03%

    Turnout: all 78.26% · promoters 100.00% · institutions 84.53% · other public 7.86%

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, 5 Jun 2024, 1 resolution

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

  1. Appointment of Dr. Rajesh Kumar Yaduvanshi (DIN: 07206654) as an Independent Director of the Company
    Special
    98.91% for1.09% against

    Against: promoters 0.00% · institutions 2.11% · other public 0.55%

    Turnout: all 78.72% · promoters 100.00% · institutions 85.08% · other public 8.05%

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 Feb 2024, 1 resolution

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

  1. Re-appointment of Ms. Shalini Gupta (DIN: 02361768), as an Independent Director of the Company
    Special
    99.32% for0.68% against

    Against: promoters 0.00% · institutions 1.33% · other public 0.09%

    Turnout: all 78.31% · promoters 100.00% · institutions 84.95% · other public 7.67%

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, 1 Sep 2023, 5 resolutions

Present: 8 promoters and 360 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2023, the Report of Board of Directors and Auditors of the Company thereon and the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2023 and the Report of Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.97% · promoters 100.00% · institutions 88.42% · other public 7.40%

  2. To confirm the payment of Interim Dividend of Rs.3.00 per equity share already paid during the year as the Final Dividend for the Financial Year 2022-23.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 80.07% · promoters 100.00% · institutions 88.62% · other public 7.40%

  3. Approval to appoint a Director in place of Mr. Rajeev Gupta (holding DIN: 00128865), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    85.16% for14.84% against

    Against: promoters 0.00% · institutions 28.46% · other public 0.02%

    Turnout: all 79.99% · promoters 100.00% · institutions 88.46% · other public 7.40%

  4. Approval for Ratification of Remuneration of M/s. S. Chander & Associates, Cost Accountants, appointed as Cost Auditors of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 80.06% · promoters 100.00% · institutions 88.60% · other public 7.40%

  5. Approval for Re-appointment of Mr. Anil Gupta (holding DIN: 00006422) as Chairman-cum-Managing Director of the Company:
    Ordinary
    69.99% for30.01% against

    Against: promoters 0.00% · institutions 57.59% · other public 0.05%

    Turnout: all 79.88% · promoters 100.00% · institutions 88.21% · other public 7.40%

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 28 Sep 2026, 14 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026, the Report of Board of Directors and Auditors of the Company thereon and the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Report of Auditors thereon.MoreLess
    14 for0 against
  • To confirm the payment of Interim Dividend of Rs.4.50 per equity share already paid during the year as the Final Dividend for the Financial Year 2025-26.
    14 for0 against
  • To appoint a Director in place of Mr. Anil Gupta (holding DIN: 00006422), who retires by rotation and being eligible, offers himself for re-appointment.
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund
    • Angel One Mutual FundGovernance Concern: Past remuneration appears significantly excessive considering the performance and size of operations of the Company as well as when compared with the peers and index / industry benchmark. Further, the same is also highly Skewed in favor of the proposed appointee, who holds combined position of Chairman and Managing Director of the Company.
    • Edelweiss Mutual Fund, Navi Mutual Fund, PGIM India Mutual FundCompliant with law. No concern identified w.r.t. merits of the director. Governance Concern: Past remuneration appears significantly excessive considering the performance and size of operations of the Company as well as when compared with the peers and index / industry benchmark. Further, the same is also highly Skewed in favor of the proposed appointee, who holds combined position of Chairman and Managing Director of the Company.
    10 for4 against
  • Ratification of Remuneration of M/s. S. Chander & Associates, Cost Accountants, appointed as Cost Auditors of the Company.
    14 for0 against
  • Re-appointment of Mr. Akshit Diviaj Gupta (DIN- 07814690), as whole time director of the Company for a period of 5 Years.
    14 for0 against

Mutual fund votes, meeting of 30 Jul 2025, 30 fund houses

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

  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025, the Report of Board of Directors and Auditors of the Company thereon and the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025 and the Report of Auditors thereon.MoreLess
    29 for0 against
  • To confirm the payment of Interim Dividend of Rs.4.00 per equity share already paid during the year as the Final Dividend for the Financial Year 2024-25.
    29 for0 against
  • To appoint a Director in place of Mr. Akshit Diviaj Gupta (holding DIN: 07814690), who retires by rotation and being eligible, offers himself for reappointment.
    Against Invesco Mutual Fund, Mirae Asset Mutual Fund, Sundaram Mutual Fund, Taurus Mutual Fund
    • Invesco Mutual Fund, Sundaram Mutual Fund, Taurus Mutual FundAkshit Diviaj Gupta, 33, is a part of the promoter family. He has been on the board of the company since May 2017 and currently serves as a Whole-Time Director of the company. He was General Manager, Business Development before that from June 2016. He attended all four board meetings held in FY25. He has experience in handling EPC projects and retail marketing functions of the company. He holds a BBA degree in Management. He is liable to retire by rotation and his reappointment is in line with statutory requirements. However, he has less than ten years of relevant work experience which is not in line with our voting guidelines. Hence, we do not support the resolution.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    26 for4 against
  • Ratification of Remuneration of M/s. S. Chander & Associates, Cost Accountants, appointed as Cost Auditors of the Company.
    29 for0 against
  • To appoint M/s S K Batra & Associates, Practicing Company Secretaries Firm having a valid Peer review certificate, (Peer review certificate No.: S2008DE794900 issued by Institute of Company Secretaries of India) as Secretarial Auditors of the Company for a period of 5 years.MoreLess
    29 for0 against
  • Approval for Increase in Remuneration of Ms. Vedika Gupta and Holding an Office or Place of Profit in the Company.
    30 for0 against
4 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against
6 earlier meetings

Mutual fund votes, meeting of 21 Feb 2025, 27 fund houses

  • To consider and approve re-appointment of Mr. Rajeev Gupta (holding DIN: 00128865) as Executive Director(Finance) & CFO of the Company for a period of five (5)years.
    Against Bank of India Mutual Fund, Invesco Mutual Fund, Taurus Mutual Fund
    • Bank of India Mutual Fund, Taurus Mutual FundRajeev Gupta, 61, is Executive Director and CFO, KEI Industries Ltd. He joined the company in 1993 and was first appointed to the board of the company in April 2006. He was paid Rs. 46.5 million in FY24, including fair value of stock options. We estimate his fixed remuneration at Rs. 18.6 million, with increments determined at the discretion of the Board/NRC. Further, he is eligible to receive stock options, which is the only variable pay component. There is no guidance on the number of stock options to be granted over his entire tenure. In the absence of this, we are unable to estimate Rajeev Gupta's proposed remuneration. The company should disclose the quantum of stock options that he is eligible to receive over his entire tenure and cap his remuneration in absolute terms. While we support his reappointment as Executive Director and CFO, due to the lack of adequate disclosures on the remuneration structure, we do not support the resolution.
    • Invesco Mutual FundRajeev Gupta, 61, is Executive Director and CFO, KEI Industries Ltd. He joined the company in 1993 and was first appointed to the board of the company in April 2006. He was paid Rs. 46.5 million in FY24, including fair value of stock options. We estimate his fixed remuneration at Rs. 18.6 million, with increments determined at the discretion of the Board/NRC. Further, he is eligible to receive stock options, which is the only variable pay component. There is no guidance on the number of stock options to be granted over his entire tenure. In the absence of this, we are unable to estimate Rajeev Gupta's proposed remuneration. The company should disclose the quantum of stock options that he is eligible to receive over his entire tenure and cap his remuneration in absolute terms. While we support his reappointment as Executive Director and CFO, due to the lack of adequate disclosures on the remuneration structure, we do not support the resolution. This is in line with our ESG framework
    24 for3 against

Mutual fund votes, meeting of 17 Nov 2024, 27 fund houses

  • To approve raising of funds in one or more tranches, by issuance of equity shares and other eligible securities by way of qualified institutions placement(s) for an amount not exceeding Rs. 20,000 Million.MoreLess
    26 for0 against

Mutual fund votes, meeting of 10 Oct 2024, 1 fund house

  • RESOLVED THAT pursuant to the provisions of Section 148 and other applicable provisions, if any, of the Companies Act, 2013 read with the Companies (Audit and Auditors) Rules, 2014 and the Companies (Cost Records and Audit) Rules, 2014 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force or from time to time), M/s. S. Chander & Associates, Cost Accountants (Firm Registration No. 100105), appointed by the Board of Directors on the recommendation of Audit Committee of the Company to conduct the audit of the cost records maintained by the Company for the Financial Year 2024-25, be paid the remuneration of Rs. 4,50,000/- excluding Goods and Service Tax as applicable thereon and reimbursement of travelling and other incidental expenses that may be incurred for this purpose by the said Cost Auditors. RESOLVED FURTHER THAT the Board of Directors / Audit Committee of the Company be and is hereby authorised to do all acts and take all such steps as may be necessary, proper or expedient in order to give effect to this resolution”MoreLess
    1 for0 against
  • “RESOLVED THAT pursuant to the recommendation of Nomination and Remuneration Committee and that of the Board of Directors and provisions of Sections 149, 150 and 152 read with Schedule IV and any other applicable provisions, if any, of the Companies Act, 2013 (“the Act”) and the Companies (Appointment and Qualification of Directors) Rules, 2014 the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (“SEBI (LODR) Regulations”) and the rules made thereunder (including any statutory modification(s), clarification(s), substitution(s) or re-enactment(s) thereof for the time being in force) and any other applicable law(s), regulation(s) and guideline(s) and the provisions of the Articles of Association of the Company, Mr. Vinay Mittal (holding DIN: 05107333), who was appointed as an Additional Independent Director of the Company with effect from July 29, 2024, has submitted a declaration that he meets the criteria for independence as provided in Section 149 of the Companies Act, 2013 and Regulation 16(1) (b) of SEBI (LODR) Regulations and in respect of whom the Company has received a notice in writing under Section 160 of the Companies Act, 2013 from a member proposing his candidature for the office of Director, being eligible for appointment, be and is hereby appointed as an Independent Director (Category: Non- Executive) of the Company not liable to retire by rotation, to hold office for the first term of 5 (five) consecutive years with effect from July 29, 2024 to July 28, 2029, on the Board of Directors of the Company.RESOLVED FURTHER THAT the Board / Committee of Directors of the Company or such Officer(s) / Authorized Representative(s) as may be authorized by the Board be and are hereby authorized to file the necessary applications, e-forms, documents with concerned statutory authorities/agencies such as the Registrar of Companies, Stock Exchanges, NSDL, CDSL, RTA, etc. in relation thereto, send intimation(s) to Stock Exchange(s) as per SEBI (LODR) Regulations and to do all such acts, deeds, matters and things as may be deemed necessary, proper or expedient for the purpose of giving effect to the above resolution and for matters connected herewith or incidental hereto.”MoreLess
    1 for0 against
  • To appoint a Director in place of Ms. Archana Gupta (holding DIN: 00006459), who retires by rotation and being eligible, offers herself for re-appointment.
    1 for0 against
  • To confirm the payment of Interim Dividend of Rs.3.50 per equity share already paid during the year as the Final Dividend for the Financial Year 2023-24
    1 for0 against
  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2024, the Report of Board of Directors and Auditors of the Company thereon and the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2024 and the Report of Auditors thereon.MoreLess
    1 for0 against

Mutual fund votes, meeting of 11 Sep 2024, 27 fund houses

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

  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2024, the Report of Board of Directorsnand Auditors of the Company thereon and the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2024 and the Report of Auditors thereon.MoreLess
    25 for0 against
  • To confirm the payment of Interim Dividend of Rs. 3.50 per equity share already paid during the year as the Final Dividend for the Financial Year 2023-24.
    27 for0 against
  • To appoint a Director in place of Ms. Archana Gupta (holding DIN: 00006459), who retires by rotation and being eligible, offers herself for re-appointment.
    27 for0 against
  • Approval for Ratification of Remuneration of M/s. S. Chander & Associates, Cost Accountants, appointed as Cost Auditors of the Company
    27 for0 against
  • To consider and approve appointment ofnMr. Vinay Mittal (holding DIN: 05107333) as annIndependent Director of the Company.
    27 for0 against
1 proposal not matched to one resolution
  • Accept Financial Statements and Statutory Reports
    2 for0 against

Mutual fund votes, meeting of 6 Jul 2024, 1 fund house

  • To consider and approve appointment of Dr. Rajesh Kumar Yaduvanshi (DIN: 07206654) as an Independent Director of the Company.
    1 for0 against

Mutual fund votes, meeting of 5 Jun 2024, 28 fund houses

  • Appointment of Dr. Rajesh Kumar Yaduvanshi (DIN: 07206654) as an Independent Director of the Company
    28 for0 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 Sep 2026.

  • Fine or penaltySuperintendent, Range IV, Division-IV, Central GST, Ahmedabad SouthSince 30 Sep 2026

    Demand Order for Tax of Rs. 8,55,352/- u/s 74(9) along with applicable interest u/s 50 (1) and penalty of Rs. 8,55,352/- u/s 74 of the CGST/GGST Act, 2017.

    The authority has raised GST demand for Non-Payment of Tax on unbilled Revenue during the financial year 2022-23.
  • Tax disputeGST Authority(Additional Commissioner, Delhi East ) for financial year 2017-18 to 2020-21Since 30 Dec 2022
    The company has filed writ petition challenging the order passed by Additional Commissioner, Delhi East on dated 07 April 2025. Hon’ble High Court, vide Order Dated 22-05-2025, remanded the matter back to Adjudicating Authority for affording a hearing once again and passing a fresh order in light of circular No. 199/11/2023-GST and in light of Judgement passed in Metal One Corporation India Pvt. Ltd. Adjudicating Authority afforded fresh hearing on 17-09-2025. Final order is pending.MoreLess
    At the filing before: Company received Show Cause Notice for not cross charging Head office expenses for the F.Y. 2017-18 to 2020-21 dated 30-12-2022, against the above show cause notice company submitted their reply dated 03-07-2023 and received personal hearing on dated 09-10-2024 for appearance on dated 16-10-2024, the Authorized representative of company appeared for hearing and submitted their submission and additional submission, later on company received order confirming demand of Rs.59,03,79,778.00 along with applicable interest u/s 50 of CGST Act, 2017 and penalty u/s 74(1) of CGST Act, 2017MoreLess

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
Yes
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.

How money raised was used

Reported for the quarter to Sep 2026.

RaisedAmount raisedForSet asideSpentSpent elsewhere
QIPNov 2024, checked by CARE Ratings Limited2,000.00Partial funding for setting up a cable manufacturing facility at Sanand, Ahmedabad, Gujarat1,450.001,372.27No
QIPNov 2024, checked by CARE Ratings Limited2,000.00Repayment/pre-payment, in part or in full, of certain outstanding borrowings availed by the Company275.99275.99No
QIPNov 2024, checked by CARE Ratings Limited2,000.00General Corporate Purposes239.64239.64No
QIPNov 2024, checked by CARE Ratings Limited2,000.00Issue related expenses34.3734.37No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.