Kewal Kiran Clothing logo

Kewal Kiran Clothing MD, chairman, board of directors and AGM

NSE: KKCLBSE: 532732Textiles & ApparelsSmall Cap

Last close ₹420.60up ₹3.30 (0.79%)BSE ₹419.05

Share price at the NSE close on 23 Oct 2026. Previous close ₹417.30.

52-week range of traded prices to 23 Oct 2026
₹399.90Low, 23 Oct 2026₹568.05High, 5 Aug 2026
Market cap
₹2,592 Cr994th largest listed
P/E
17.5
P/B
2.8
Dividend yield
0.95%
ROE
16.8%
ROCE
17.4%
Debt to equity
0.04
Volume, NSE
47,81957.9% delivered

Kewal Kiran Clothing 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

  • Chairperson and managing directorKEWALCHAND PUKHRAJ JAIN
  • Managing directorHEMANT PUKHRAJ JAIN
  • Company Secretary and Compliance OfficerAbhijit Bhalchandra Warange

8 directors4 independent4 executive

  • KEWALCHAND PUKHRAJ JAIN · Chairperson and managing directorExecutive · joined Jan 1992 · 1 listed board · 1 committee seat
  • HEMANT PUKHRAJ JAIN · Managing directorExecutive · joined Jan 1992 · 1 listed board · 1 committee seat
  • DINESH PUKHRAJ JAINExecutive · joined Oct 1997 · 1 listed board
  • VIKAS PUKHRAJ JAINExecutive · joined Oct 1997 · 1 listed board
  • PARESH HARIKANT CLERKIndependent · joined Jan 2024 · reappointed Jan 2024 · 29 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • JAYRAJ SAMPATRAI SHETHIndependent · joined Jan 2024 · reappointed Jan 2024 · 29 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • USHMA SHETH SULEIndependent · joined Jan 2024 · reappointed Jan 2024 · 29 months as independent · 2 listed boards · 1 as independent · 2 committee seats
  • VIVEK KESHAV SHIRALKARIndependent · joined Aug 2024 · reappointed Aug 2024 · 22 months as independent · 2 listed boards · 2 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

    • 5 Jun 20268 of 8 present4 independent · 26 days in between
    • 9 May 20268 of 8 present4 independent · 87 days in between
    • 10 Feb 20268 of 8 present4 independent

  • Audit Committee

    Chair PARESH HARIKANT CLERK

    JAYRAJ SAMPATRAI SHETH, USHMA SHETH SULE

    • 9 May 20263 of 3 present3 independent · 87 days in between
    • 10 Feb 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair USHMA SHETH SULE

    JAYRAJ SAMPATRAI SHETH, VIVEK KESHAV SHIRALKAR

    • 9 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair JAYRAJ SAMPATRAI SHETH

    KEWALCHAND PUKHRAJ JAIN, HEMANT PUKHRAJ JAIN

    • 18 Mar 20263 of 3 present1 independent

  • Risk Management Committee

    Chair KEWALCHAND PUKHRAJ JAIN

    HEMANT PUKHRAJ JAIN, PARESH HARIKANT CLERK, VIKAS PUKHRAJ JAIN, NIMESH NAVINCHANDRA ANANDPARA, BHARAT ASSUDOMAL ADNANI, ABHIJIT BHALCHANDRA WARANGE

    • 1 Jan 20264 of 4 present1 independent

  • Corporate Social Responsibility Committee

    Chair PARESH HARIKANT CLERK

    KEWALCHAND PUKHRAJ JAIN, HEMANT PUKHRAJ JAIN

    • 9 May 20263 of 3 present1 independent

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

Statutory auditors

Named in the results for the quarter to Jun 2026.

  • Jain & TrivediPeer-review certificate valid to Apr 2028
  • N A Shah Associates LLPPeer-review certificate valid to Aug 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.

Kewal Kiran Clothing 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.Kewal Kiran Clothing dividend history

Annual general meeting, 24 Sep 2026

32,366 shareholders on the register on 17 Sep 2026; present: 4 promoters and 89 others; votes counted by Ummedmal. P. Jain / M/S. U. P. JAIN & CO..The company's voting result (opens in a new tab)

  1. 1 - To receive, consider and adopt the Standalone and Consolidated Financial Statements of the Company for the year ended March 31, 2026 including the Audited Balance Sheet as on March 31, 2026 and the Statement of Profit and Loss Account for the financial year ended March 31, 2026 together with the report of the Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 84.75% · promoters 100.00% · institutions 92.06% · other public 3.58%

  2. 2 - To appoint Mr. Dinesh Jain (DIN: 00327277) who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.13% · other public 0.00%

    Turnout: all 84.89% · promoters 100.00% · institutions 93.36% · other public 3.58%

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, 23 Sep 2025, 3 resolutions

34,961 shareholders on the register on 16 Sep 2025; present: 4 promoters and 85 others; votes counted by Ummedmal. P. Jain / M/S. U. P. JAIN & CO..The company's voting result (opens in a new tab)

  1. 1 - To approve the Standalone and Consolidated Financial Statements of the Company for the year ended March 31, 2025 along with Directors and Auditors reports
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.97%

    Turnout: all 84.63% · promoters 100.00% · institutions 94.05% · other public 0.04%

  2. 2 - To appoint Mr. Vikas Jain (DIN: 00029901) who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    98.92% for1.08% against

    Against: promoters 0.00% · institutions 8.67% · other public 3.97%

    Turnout: all 84.86% · promoters 100.00% · institutions 96.18% · other public 0.04%

  3. 3 - To appoint Mr. Ummedmal P. Jain, Proprietor of M/s U.P. Jain & Co., as Secretarial Auditor for a term of five years and fix his remuneration
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.97%

    Turnout: all 84.86% · promoters 100.00% · institutions 96.18% · other public 0.04%

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 Sep 2024, 6 resolutions

Present: 9 promoters and 58 others.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statements for the Financial Year ended March 31, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.47%

    Turnout: all 82.30% · promoters 99.83% · institutions 84.66% · other public 0.07%

  2. Appointed a Director in place of Mr. Hemant Jain( DIN: 00029822) who retires by nrotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.48%

    Turnout: all 82.58% · promoters 99.83% · institutions 87.62% · other public 0.07%

  3. Alteration of the object clause of the Memorandum of Association of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.53%

    Turnout: all 82.58% · promoters 99.83% · institutions 87.62% · other public 0.07%

  4. Appointment of Mr. Vivek. K. Shiralkar as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.62%

    Turnout: all 82.58% · promoters 99.83% · institutions 87.62% · other public 0.07%

  5. Appointment of Mr.Kewalchand Pukhraj Jain as Chairman and Managing Director nof the Company and remunereation payable to him during such tenure.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.59%

    Turnout: all 82.58% · promoters 99.83% · institutions 87.62% · other public 0.07%

  6. To give loans, inter corporate deposits, give guarantees in connection with loans made by any person or body corporate and acquire by way of subscription, purchase or otherwise the securities of any other body corporate in excess of the limits prescribed in Section 186 of the Companies Act, 2013.MoreLess
    Special
    94.16% for5.84% against

    Against: promoters 0.00% · institutions 57.06% · other public 2.47%

    Turnout: all 82.58% · promoters 99.83% · institutions 87.62% · other public 0.07%

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

Postal ballot, 7 Mar 2024, 7 resolutions

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

  1. Appointment of Mr. Paresh H. Clerk as an Independent Director of the Company for a term of five consecutive years
    Special
    92.55% for7.45% against

    Against: promoters 0.00% · institutions 59.46% · other public 9.22%

    Turnout: all 84.91% · promoters 100.00% · institutions 95.68% · other public 0.07%

  2. Appointment of Mr. Jayraj S. Sheth as an Independent Director of the Company for a term of five consecutive years
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.14%

    Turnout: all 84.91% · promoters 100.00% · institutions 95.68% · other public 0.07%

  3. Appointment of Ms. Ushma A. Sule as an Independent Director of the Company for a term of five consecutive years
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.32% · other public 9.14%

    Turnout: all 84.91% · promoters 100.00% · institutions 95.68% · other public 0.07%

  4. Remuneration payable to Mr. Kewalchand P. Jain during his tenure as Chairman and Managing Director for the term September 1, 2024 to March 31, 2025
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.32% · other public 16.12%

    Turnout: all 84.91% · promoters 100.00% · institutions 95.68% · other public 0.07%

  5. Appointment of Mr. Hemant P. Jain as Joint Managing Director for the term 1st September 2024 to 31st August 2029 and the remuneration payable him for the term 1st September 2024 to 31st August 2027
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.19% · other public 14.46%

    Turnout: all 84.91% · promoters 100.00% · institutions 95.68% · other public 0.07%

  6. Appointment of Mr. Dinesh P. Jain as Whole-time Director for the term 1st September 2024 to 31st August 2029 and the remuneration payable to him for the term 1st September 2024 to 31st August 2027
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.19% · other public 15.00%

    Turnout: all 84.91% · promoters 100.00% · institutions 95.68% · other public 0.07%

  7. Appointment of Mr. Vikas P. Jain as Whole-time Director for the term 1st September 2024 to 31st August 2029 and the remuneration payable to him for the term 1st September 2024 to 31st August 2027
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.19% · other public 16.66%

    Turnout: all 84.91% · promoters 100.00% · institutions 95.68% · other public 0.07%

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

Annual general meeting, 28 Sep 2023, 2 resolutions

Present: 4 promoters and 92 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2023
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 84.01% · promoters 100.00% · institutions 92.38% · other public 0.08%

  2. To appoint a Director in place of Mr. Dinesh P. Jain (DIN: 00327277) who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    97.53% for2.47% against

    Against: promoters 0.00% · institutions 20.69% · other public 0.00%

    Turnout: all 84.31% · promoters 100.00% · institutions 95.26% · other public 0.08%

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, 6 Sep 2022, 4 resolutions

Present: 3 promoters and 70 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2022
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.32% · promoters 100.00% · institutions 87.12% · other public 0.05%

  2. To appoint a Director in place of Mr. Vikas P. Jain who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    96.86% for3.14% against

    Against: promoters 0.00% · institutions 32.02% · other public 0.00%

    Turnout: all 82.34% · promoters 100.00% · institutions 87.31% · other public 0.05%

  3. To appoint M/s Jain & Trivedi as statutory auditors of the company
    Ordinary
    97.76% for2.24% against

    Against: promoters 0.00% · institutions 22.79% · other public 0.00%

    Turnout: all 82.34% · promoters 100.00% · institutions 87.31% · other public 0.05%

  4. To appoint M/s N.A. Shah Associates LLP as joint statutory auditors of the company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.34% · promoters 100.00% · institutions 87.31% · other public 0.05%

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, 9 Dec 2021, 2 resolutions

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

  1. Increase in Authorized Share Capital and amendment of Memorandum of Association
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.57%

    Turnout: all 82.99% · promoters 100.00% · institutions 92.27% · other public 5.43%

  2. Issue of Bonus Shares
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.99% · promoters 100.00% · institutions 92.27% · other public 5.43%

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, 15 Sep 2021, 8 resolutions

Present: 4 promoters and 82 others.The company's voting result (opens in a new tab)

  1. Adoption of Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2021 including the Audited Balance Sheet as on March 31, 2021 and the Statement of Profit and Loss Account for the financial year ended March 31, 2021 together with the report of the Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 92.84% · promoters 100.00% · institutions 95.54% · other public 0.10%

  2. To appoint a Director in place of Mr. Hemant P. Jain (DIN: 00029822) who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.23% · other public 8.21%

    Turnout: all 92.84% · promoters 100.00% · institutions 95.54% · other public 0.10%

  3. To revise the remuneration payable to Mr. Kewalchand P. Jain (DIN - 00029730) , Chairman & Managing Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 20.83%

    Turnout: all 88.52% · promoters 100.00% · institutions 73.33% · other public 0.10%

  4. To designate Mr. Hemant Jain (DIN – 00029822) as Joint Managing Director of the company and revise the remuneration payable to Mr. Jain as Joint Managing Director of the Company
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.30% · other public 14.52%

    Turnout: all 88.52% · promoters 100.00% · institutions 73.33% · other public 0.10%

  5. To revise the remuneration payable to Mr. Dinesh P. Jain (DIN – 00327277), Wholetime Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 20.83%

    Turnout: all 88.52% · promoters 100.00% · institutions 73.33% · other public 0.10%

  6. To revise the remuneration payable to Mr. Vikas P. Jain (DIN – 00029901), Wholetime Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 20.83%

    Turnout: all 88.52% · promoters 100.00% · institutions 73.33% · other public 0.10%

  7. To revise the remuneration payable to Mr. Pankaj K. Jain, President – Retail and a relative of Mr. Kewalchand P. Jain , Chairman & Managing Director of the Company
    OrdinaryPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.33% · other public 20.83%

    Turnout: all 81.07% · promoters 91.93% · institutions 65.84% · other public 0.10%

  8. To revise the remuneration payable to Mr. Hitendra H. Jain, – President – Addition and a relative of Mr. Hemant P. Jain , Jt. Managing Director of the Company
    OrdinaryPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.33% · other public 20.83%

    Turnout: all 81.06% · promoters 91.91% · institutions 65.84% · other public 0.10%

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

How mutual funds voted

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

Mutual fund votes, meeting of 24 Sep 2026, 3 fund houses so far (houses' deadline to file 15 Oct 2026)

  • 1 - To receive, consider and adopt the Standalone and Consolidated Financial Statements of the Company for the year ended March 31, 2026 including the Audited Balance Sheet as on March 31, 2026 and the Statement of Profit and Loss Account for the financial year ended March 31, 2026 together with the report of the Directors and Auditors thereon.MoreLess
    3 for0 against
  • 2 - To appoint Mr. Dinesh Jain (DIN: 00327277) who retires by rotation and being eligible, offers himself for re-appointment
    3 for0 against

Mutual fund votes, meeting of 23 Sep 2025, 8 fund houses

  • 1 - To approve the Standalone and Consolidated Financial Statements of the Company for the year ended March 31, 2025 along with Directors and Auditors reports
    8 for0 against
  • 2 - To appoint Mr. Vikas Jain (DIN: 00029901) who retires by rotation and being eligible, offers himself for re-appointment
    8 for0 against
  • 3 - To appoint Mr. Ummedmal P. Jain, Proprietor of M/s U.P. Jain & Co., as Secretarial Auditor for a term of five years and fix his remuneration
    8 for0 against
6 earlier meetings

Mutual fund votes, meeting of 27 Sep 2024, 5 fund houses

  • Adoption of Financial Statements for the Financial Year ended March 31, 2024
    5 for0 against
  • Appointed a Director in place of Mr. Hemant Jain( DIN: 00029822) who retires by nrotation and being eligible, offers himself for re-appointment.
    5 for0 against
  • Alteration of the object clause of the Memorandum of Association of the Company
    5 for0 against
  • Appointment of Mr. Vivek. K. Shiralkar as an Independent Director of the Company
    5 for0 against
  • Appointment of Mr.Kewalchand Pukhraj Jain as Chairman and Managing Director nof the Company and remunereation payable to him during such tenure.
    5 for0 against
  • To give loans, inter corporate deposits, give guarantees in connection with loans made by any person or body corporate and acquire by way of subscription, purchase or otherwise the securities of any other body corporate in excess of the limits prescribed in Section 186 of the Companies Act, 2013.MoreLess
    Against Bandhan Mutual Fund, WhiteOak Capital Mutual Fund
    • Bandhan Mutual FundCompliant with law. Governance & Transparency Concern: Inadequate disclosures w.r.t. the particulars of the proposed loans/ investments/ guarantee transactions; Enabling approval.
    • WhiteOak Capital Mutual FundAs on 31 March 2024, the automatic limit for transaction under Section 186 stood at Rs. 5.5 bn. The company’s utlisation of the current limit is insignificant. The approval granted under Section 186 of the Companies Act, 2013 allows the company to extend loans, guarantees, or securities to any company in which its directors have an interest, including promoter companies. Given the ample headroom available under the current limit, the company must disclose granular details including names of these companies, the nature and size of their operations and terms of support, to enable shareholders to make an informed decision. Given the lack of clarity, we do not support the resolution.
    3 for2 against

Mutual fund votes, meeting of 7 Mar 2024, 8 fund houses

  • Appointment of Mr. Paresh H. Clerk as an Independent Director of the Company for a term of five consecutive years
    Against Bandhan Mutual Fund, Bank of India Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Mahindra Manulife Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Lack of clarity regarding Pecuniary Relationship.
    • Bank of India Mutual FundParesh Clerk, 65, is a practicing Chartered Accountant and a Partner of Bansi S. Mehta & Co. While his appointment as Independent Director meets statutory requirements, we are unable to support the resolution. We note that since 2005, the company’s board has always included a Partner from Bansi S. Mehta & Co. as Independent Director. Prior to listing, the company had appointed Mrudul Inamdar- Partner Bansi S. Mehta & Co. as Independent Director in November 2005, who served on the board till 1 January 2013. KKCL appointed Yogesh Thar- Senior Partner, Bansi S. Mehta & Co. as Independent Director from February 2013 and Ms. Drushti Desai- Partner, Bansi S. Mehta & Co. as Independent Director from July 2014: their tenure will end in March 2024 and August 2024 respectively. Further, we note that KKCL has paid professional fees to Bansi S. Mehta & Co. in the past. Thus, we are unable to support the resolution on account of the long-term association of more than ten years and the business relationship with the firm. The company must consider classifying Paresh Clerk as non-executive non-independent director.
    • Kotak Mahindra Mutual FundParesh Clerk, 65, is a practicing Chartered Accountant and a Partner of Bansi S. Mehta & Co. On account of the long-term association of more than ten years and the business relationship with the firm, we do not support the resolution. The company must consider classifying Paresh Clerk as non-executive non-independent director.While Paresh Clerk s appointment as Independent Director meets statutory requirements, his appointment has raised a governance concern. Hence voting against.
    • Mahindra Manulife Mutual FundGovernance concern: Lack of clarity regarding Pecuniary Relationship. KKCL appointed Yogesh Thar- Senior Partner, Bansi S. Mehta & Co. as Independent Director from February 2013 and Ms. Drushti DesaiPartner, Bansi S. Mehta & Co. as Independent Director from July 2014: their tenure will end in March 2024 and August 2024 respectively. Further, we note that KKCL has paid professional fees to Bansi S. Mehta & Co. in the past. Thus, we are unable to support the resolution on account of the long-term association of more than ten years and the business relationship with the firm.
    2 for6 against
  • Appointment of Mr. Jayraj S. Sheth as an Independent Director of the Company for a term of five consecutive years
    8 for0 against
  • Appointment of Ms. Ushma A. Sule as an Independent Director of the Company for a term of five consecutive years
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Director on the Board of a Competitor Companies.
    6 for2 against
  • Remuneration payable to Mr. Kewalchand P. Jain during his tenure as Chairman and Managing Director for the term September 1, 2024 to March 31, 2025
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance concern: Holding Chairman and Managing Director position.
    6 for2 against
  • Appointment of Mr. Hemant P. Jain as Joint Managing Director for the term 1st September 2024 to 31st August 2029 and the remuneration payable him for the term 1st September 2024 to 31st August 2027
    8 for0 against
  • Appointment of Mr. Dinesh P. Jain as Whole-time Director for the term 1st September 2024 to 31st August 2029 and the remuneration payable to him for the term 1st September 2024 to 31st August 2027
    8 for0 against
  • Appointment of Mr. Vikas P. Jain as Whole-time Director for the term 1st September 2024 to 31st August 2029 and the remuneration payable to him for the term 1st September 2024 to 31st August 2027
    8 for0 against

Mutual fund votes, meeting of 28 Sep 2023, 5 fund houses

  • To receive, consider and adopt the Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2023
    5 for0 against
  • To appoint a Director in place of Mr. Dinesh P. Jain (DIN: 00327277) who retires by rotation and being eligible, offers himself for re-appointment.
    5 for0 against

Mutual fund votes, meeting of 6 Sep 2022, 2 fund houses

  • To receive, consider and adopt the Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2022
    2 for0 against
  • To appoint a Director in place of Mr. Vikas P. Jain who retires by rotation and being eligible, offers himself for re-appointment.
    2 for0 against
  • To appoint M/s Jain & Trivedi as statutory auditors of the company
    2 for0 against
  • To appoint M/s N.A. Shah Associates LLP as joint statutory auditors of the company
    2 for0 against

Mutual fund votes, meeting of 9 Dec 2021, 1 fund house

  • Increase in Authorized Share Capital and amendment of Memorandum of Association
    1 for0 against
  • Issue of Bonus Shares
    1 for0 against

Mutual fund votes, meeting of 15 Sep 2021, 2 fund houses

  • Adoption of Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2021 including the Audited Balance Sheet as on March 31, 2021 and the Statement of Profit and Loss Account for the financial year ended March 31, 2021 together with the report of the Directors and Auditors thereon.MoreLess
    2 for0 against
  • To appoint a Director in place of Mr. Hemant P. Jain (DIN: 00029822) who retires by rotation and being eligible, offers himself for re-appointment.
    2 for0 against
  • To revise the remuneration payable to Mr. Kewalchand P. Jain (DIN - 00029730) , Chairman & Managing Director of the Company
    2 for0 against
  • To designate Mr. Hemant Jain (DIN – 00029822) as Joint Managing Director of the company and revise the remuneration payable to Mr. Jain as Joint Managing Director of the Company
    2 for0 against
  • To revise the remuneration payable to Mr. Dinesh P. Jain (DIN – 00327277), Wholetime Director of the Company
    2 for0 against
  • To revise the remuneration payable to Mr. Vikas P. Jain (DIN – 00029901), Wholetime Director of the Company
    2 for0 against
  • To revise the remuneration payable to Mr. Pankaj K. Jain, President – Retail and a relative of Mr. Kewalchand P. Jain , Chairman & Managing Director of the Company
    2 for0 against
  • To revise the remuneration payable to Mr. Hitendra H. Jain, – President – Addition and a relative of Mr. Hemant P. Jain , Jt. Managing Director of the Company
    2 for0 against

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

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.