Ksb MD, chairman, board of directors and AGM
NSE: KSBBSE: 500249Industrial ProductsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹703.80.
- 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.
- ₹11,865 Cr456th 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 4 Aug 2026
- 48.3
- 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 −₹26 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 43.8
- 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 4 Aug 2026
- 7.0
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.65%
- 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 4 Aug 2026
- 15.2%
- 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 −₹26 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 16.8%
- 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 4 Aug 2026
- 16.9%
- 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 Jun 2026. The filing of 4 Aug 2026
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,64,31044.4% delivered
Ksb 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
- ChairpersonGAURAV SWARUPRelated to the promoter
- Managing directorRAJEEV JAYANTIPRASAD JAIN
- Company Secretary and Compliance OfficerShraddha Kavathekar
8 directors4 independent1 executive3 non-executive
- GAURAV SWARUP · ChairpersonNon-executive · joined Jan 2000 · reappointed May 2026 · 5 listed boards · 2 as independent · 3 committee seats
- STEPHEN BROSSNon-executive · joined Feb 2014 · reappointed Jun 2024 · 1 listed board
- RAJEEV JAYANTIPRASAD JAIN · Managing directorExecutive · joined Jul 2016 · reappointed Jul 2021 · 1 listed board · 2 committee seats
- SHARMILA BARUA ROYCHOWDHURYIndependent · joined Sep 2018 · reappointed Sep 2023 · 93 months as independent · 1 listed board · 1 as independent · 2 committee seats
- MATTHIAS GUNTER SCHMITZNon-executive · joined Jul 2017 · reappointed May 2025 · 1 listed board · 1 committee seat
- VISHAL NIMESH KAMPANIIndependent · joined Oct 2024 · reappointed Oct 2024 · 21 months as independent · 2 listed boards · 1 as independent · 1 committee seat
- ULHAS NARAYAN YARGOPIndependent · joined Oct 2024 · reappointed Oct 2024 · 21 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- UDAYMITRA CHANDRAKANT MUKTIBODHIndependent · joined Jan 2025 · reappointed Jan 2025 · 17 months as independent · 2 listed boards · 2 as independent · 1 committee seat
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- VEGULAPARANAN KASI VISWANATHAN, left 15 Jan 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 30 Apr 20268 of 8 present4 independent · 63 days in between
- 25 Feb 20268 of 8 present4 independent
Audit Committee
Chair ULHAS NARAYAN YARGOP
GAURAV SWARUP, MATTHIAS GUNTER SCHMITZ, VISHAL NIMESH KAMPANI, SHARMILA BARUA ROYCHOWDHURY, UDAYMITRA CHANDRAKANT MUKTIBODH
- 30 Apr 20266 of 6 present4 independent · 63 days in between
- 25 Feb 20265 of 6 present3 independent
Nomination and remuneration committee
Chair ULHAS NARAYAN YARGOP
GAURAV SWARUP, VISHAL NIMESH KAMPANI
- 30 Apr 20263 of 3 present2 independent · 63 days in between
- 25 Feb 20262 of 3 present1 independent
Stakeholders Relationship Committee
Chair ULHAS NARAYAN YARGOP
RAJEEV JAYANTIPRASAD JAIN, GAURAV SWARUP
No meeting listed in the filing.
Risk Management Committee
Chair UDAYMITRA CHANDRAKANT MUKTIBODH
RAJEEV JAYANTIPRASAD JAIN, MATTHIAS GUNTER SCHMITZ
- 30 Apr 20263 of 3 present1 independent · 63 days in between
- 25 Feb 20263 of 3 present1 independent
Corporate Social Responsibility Committee
Chair SHARMILA BARUA ROYCHOWDHURY
GAURAV SWARUP, RAJEEV JAYANTIPRASAD JAIN
- 25 Feb 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 auditor
Named in the results for the quarter to Dec 2025.
- M/s. Price Waterhouse & Co., 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.
Ksb 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.Ksb dividend history
Annual general meeting, 20 May 2026
55,168 shareholders on the register on 14 May 2026; present: 8 promoters and 37 others; votes counted by ASHWINI INAMDAR / MEHTA & MEHTA.The company's voting result (opens in a new tab)
To receive, consider and adopt the audited Standalone and Consolidated financial statements of the Company for the financial year ended 31st December, 2025, together with the Reports of the Board of Directors and the Auditors thereon;MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 85.17% · promoters 100.00% · institutions 92.41% · other public 4.34%
- To declare dividend on equity shares for the Financial Year 2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 85.08% · promoters 99.86% · institutions 92.41% · other public 4.34%
- To appoint a Director in place of Mr. Gaurav Swarup (DIN: 00374298), who retires by rotation, and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it98.63% for1.37% against
Against: promoters 0.00% · institutions 7.99% · other public 0.34%
Turnout: all 84.85% · promoters 99.86% · institutions 90.97% · other public 4.34%
- To ratify the remuneration of Cost Auditors M/s Dhananjay V. Joshi & Associates, Cost Accountants, Pune, for the financial year ending 31st December, 2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 84.85% · promoters 99.86% · institutions 90.97% · other public 4.34%
To re-appoint Mr. Rajeev Jain (DIN: 07475640) as the Managing Director and Key Managerial Personnel of the Company for a term of 5 years commencing from 1st July, 2026, who shall not be liable to retire by rotationMoreLess
Special99.90% for0.10% againstAgainst: promoters 0.00% · institutions 0.54% · other public 0.34%
Turnout: all 84.85% · promoters 99.86% · institutions 90.95% · other public 4.34%
- Appoint M/s B S R & Co. LLP, Chartered Accountants as the Statutory Auditors and to fix their remunerationOrdinary98.92% for1.08% against
Against: promoters 0.00% · institutions 6.87% · other public 0.06%
Turnout: all 83.46% · promoters 99.86% · institutions 82.22% · other public 4.34%
- Appoint M/s B S R & Co. LLP, Chartered Accountants, as the Statutory Auditors to fill the casual vacancyOrdinary98.92% for1.08% against
Against: promoters 0.00% · institutions 6.87% · other public 0.06%
Turnout: all 83.46% · promoters 99.86% · institutions 82.22% · other public 4.34%
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 May 2025, 5 resolutions
56,325 shareholders on the register on 9 May 2025; present: 9 promoters and 25 others; votes counted by Ms. Ashwini Inamdar / Mehta and Mehta Company Secretaries.The company's voting result (opens in a new tab)
To receive, consider and adopt the audited Standalone and Consolidated financial statements of the Company for the financial year ended 31st December, 2024, together with the Reports of the Board of Directors and the Auditors thereon;MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 24.84%
Turnout: all 84.16% · promoters 100.00% · institutions 89.15% · other public 0.10%
- To declare the Final Dividend at the rate of ₹ 4 per equity share for the Financial Year 2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 24.84%
Turnout: all 84.16% · promoters 100.00% · institutions 89.15% · other public 0.10%
- To appoint a Director in place of Dr. Matthias Schmitz (DIN: 07884418), who retires by rotation, and being eligible, offers himself for re-appointment.Ordinary99.75% for0.25% against
Against: promoters 0.00% · institutions 1.42% · other public 24.84%
Turnout: all 84.16% · promoters 100.00% · institutions 89.15% · other public 0.10%
- To ratify the remuneration of Cost Auditors M/s Dhananjay V. Joshi & Associates, Cost Accountants, Pune, for the financial year ending 31st December, 2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 24.84%
Turnout: all 84.16% · promoters 100.00% · institutions 89.15% · other public 0.10%
To appoint M/s. Mehta & Mehta, Company Secretaries as the Secretarial Auditors of the Company, to hold office for a period of 5 (five) consecutive years commencing from the conclusion of 65th Annual General Meeting till the conclusion of the 70th Annual General Meeting of the CompanyMoreLess
Ordinary98.02% for1.98% againstAgainst: promoters 0.00% · institutions 11.59% · other public 24.84%
Turnout: all 84.16% · promoters 100.00% · institutions 89.15% · 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.
Postal ballot, 11 Jan 2025, 1 resolution
56,177 shareholders on the register on 6 Dec 2024; votes counted by Ms. Ashwini Inamdar / Mehta and Mehta Company Secretaries.The company's voting result (opens in a new tab)
- Appointment of Mr. U. C. Muktibodh (DIN: 06558392) as an Independent Director and NonExecutive Director of the Company for a period of 5 years from 16th January, 2025 upto 15th January, 2030Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.97%
Turnout: all 84.32% · promoters 100.00% · institutions 90.59% · other public 0.27%
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, 26 Sep 2024, 2 resolutions
The company's voting result (opens in a new tab)
- Appointment of Mr. Ulhas Yargop (DIN: 00054530) as an Independent DirectorSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.01% · other public 0.64%
Turnout: all 84.11% · promoters 100.00% · institutions 92.95% · other public 0.29%
- Appointment of Mr. Vishal Kampani (DIN: 00009079) as an Independent DirectorSpecial97.65% for2.35% against
Against: promoters 0.00% · institutions 13.85% · other public 5.75%
Turnout: all 84.11% · promoters 100.00% · institutions 92.95% · other public 0.29%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 27 Jun 2024, 5 resolutions
Present: 8 promoters and 33 others.The company's voting result (opens in a new tab)
1 - To receive, consider and adopt the audited Standalone and Consolidated financial statements of the Company for the financial year ended 31st December, 2023, together with the Reports of the Board of Directors and the Auditors thereon;MoreLess
Ordinary97.63% for2.37% againstAgainst: promoters 0.00% · institutions 13.91% · other public 0.00%
Turnout: all 84.15% · promoters 100.00% · institutions 92.24% · other public 0.26%
- 2 - To declare Final Dividend for the Financial Year 2023.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 84.20% · promoters 100.00% · institutions 92.50% · other public 0.27%
- 3 - To appoint a Director in place of Dr. Stephan Bross (DIN: 00423114), who retires by rotation, and being eligible, offers himself for re-appointment.Ordinary98.09% for1.91% against
Against: promoters 0.00% · institutions 11.20% · other public 0.74%
Turnout: all 84.20% · promoters 100.00% · institutions 92.50% · other public 0.27%
- 4 - To ratify the remuneration of Cost Auditors M/s Dhananjay V. Joshi & Associates, Cost Accountants, Pune, for the financial year ending 31st December, 2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.74%
Turnout: all 84.20% · promoters 100.00% · institutions 92.50% · other public 0.27%
5 - To approve sub-division (split) of nominal value (face value) of equity shares of the Company from existing nominal value of INR 10 (Rupees Ten) each to the nominal value of INR 2 (Rupees Two) each, fully paid-up ranking pari-passu and the consequent amendment to the Memorandum of Association of the CompanyMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 5.90%
Turnout: all 84.20% · promoters 100.00% · institutions 92.50% · other public 0.27%
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 May 2023, 5 resolutions
Present: 8 promoters and 50 others.The company's voting result (opens in a new tab)
- To receive, consider and adopt the audited standalone financial statements and the audited consolidated financial statements of the Company for the year ended 31st December, 2022Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 81.55% · promoters 100.00% · institutions 85.61% · other public 15.99%
- To declare Dividend on equity shares for the Financial Year 2022nOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 81.64% · promoters 100.00% · institutions 86.29% · other public 15.99%
- To appoint a Director in place of Mr. Gaurav Swarup (DIN: 00374298), who retires by rotation, and being eligible, offers himself for re-appointmentOrdinary96.54% for3.46% against
Against: promoters 0.00% · institutions 23.88% · other public 0.07%
Turnout: all 81.64% · promoters 100.00% · institutions 86.29% · other public 15.99%
- Ratification of remuneration payable to Cost Auditors for Financial Year 2022nOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 81.64% · promoters 100.00% · institutions 86.29% · other public 15.99%
- Re-appointment of Ms. Sharmila Barua Roychowdhury (DIN: 08242998) as an Independent DirectorSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 81.64% · promoters 100.00% · institutions 86.29% · other public 15.99%
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 May 2022, 6 resolutions
Present: 7 promoters and 29 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the audited standalone financial statements and the audited consolidated financial statements of the Company for the year ended 31st December, 2021, together with the Board Report and the Auditor Report thereonMoreLess
Ordinary95.55% for4.45% againstAgainst: promoters 0.00% · institutions 28.84% · other public 0.00%
Turnout: all 78.90% · promoters 100.00% · institutions 89.98% · other public 0.12%
- To declare Dividend on equity shares for the Financial Year 2021Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 78.96% · promoters 100.00% · institutions 90.48% · other public 0.12%
- To appoint a Director in place of Dr. Matthias Schmitz (DIN: 07884418), who retires by rotation and being eligible offers himself for re-appointmentOrdinary98.71% for1.29% against
Against: promoters 0.00% · institutions 8.34% · other public 0.00%
Turnout: all 78.96% · promoters 100.00% · institutions 90.48% · other public 0.12%
Re- appointment of M/s Price Waterhouse Chartered Accountants LLP (Firm Registration No. 012754N/N500016) as the Statutory Auditors of the Company until the conclusion of the 67th Annual General MeetingMoreLess
Ordinary95.46% for4.54% againstAgainst: promoters 0.00% · institutions 29.29% · other public 0.00%
Turnout: all 78.96% · promoters 100.00% · institutions 90.48% · other public 0.12%
- Ratification of remuneration payable to Cost Auditors for Financial Year 2022Ordinary95.55% for4.45% against
Against: promoters 0.00% · institutions 28.68% · other public 0.00%
Turnout: all 78.96% · promoters 100.00% · institutions 90.48% · other public 0.12%
- Enhancement of limit of Material Related Party transactions of the Company with KSB SE & Co. KGaA, GermanyOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 12.26% · promoters 0.00% · institutions 90.48% · other public 0.06%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 29 Apr 2021, 5 resolutions
Present: 9 promoters and 52 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the audited standalone financial statements and the audited consolidated financial statements of the Company for the year ended 31st December, 2020, together with the Board's Report and the Auditors' Report thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 82.24% · promoters 100.00% · institutions 87.47% · other public 16.38%
- Declaration of Dividend.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 82.24% · promoters 100.00% · institutions 87.47% · other public 16.38%
- Re-appointment of Dr. Stephan Bross Director who retires by rotation and being eligible offers himself for re-appointment.OrdinaryPromoters have an interest in it99.49% for0.51% against
Against: promoters 0.00% · institutions 3.35% · other public 0.00%
Turnout: all 83.13% · promoters 100.00% · institutions 87.66% · other public 17.32%
- Ratification of remuneration payable to Cost Auditors for Financial Year 2021.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 82.26% · promoters 100.00% · institutions 87.66% · other public 16.38%
- Re-appointment of Mr. Rajeev Jain as Managing Director for a period of 5 years form 1st July, 2021Special99.98% for0.02% against
Against: promoters 0.00% · institutions 0.12% · other public 0.02%
Turnout: all 82.20% · promoters 100.00% · institutions 87.32% · other public 16.29%
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 20 May 2026, 21 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 and Consolidated financial statements of the Company for the financial year ended 31st December, 2025, together with the Reports of the Board of Directors and the Auditors thereon;MoreLess
21 for0 against- To declare dividend on equity shares for the Financial Year 2025.21 for0 against
- To appoint a Director in place of Mr. Gaurav Swarup (DIN: 00374298), who retires by rotation, and being eligible, offers himself for re-appointment.
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, PGIM India Mutual Fund
- Angel One Mutual FundGovernance concern: Total time commitments of Mr. Gaurav Swarup appears to be excessive as he holds 2 full time positions in companies engaged in unrelated business and total 5 listed directorships (including 1 full-time position and 2 Independent Director positions), hence may not be able to devote sufficient time towards the affairs of the Company.
- Edelweiss Mutual Fund, Groww Mutual Fund, PGIM India Mutual FundCompliant with law. No concern identified on the merit of the proposed appointee. Governance concern: Total time commitments of Mr. Gaurav Swarup appears to be excessive as he holds 2 full time positions in companies engaged in unrelated business and total 5 listed directorships (including 1 full-time position and 2 ID positions), hence may not be able to devote sufficient time towards the affairs of the Company.
- LIC Mutual FundGovernance concern: Total time commitments of Mr. Gaurav Swarup appears to be excessive as he holds 2 full time positions in companies engaged in unrelated business and total 5 listed directorships (including 1 full-time position and 2 ID positions), hence may not be able to devote sufficient time towards the affairs of the Company.
16 for5 against - To ratify the remuneration of Cost Auditors M/s Dhananjay V. Joshi & Associates, Cost Accountants, Pune, for the financial year ending 31st December, 2026.21 for0 against
To re-appoint Mr. Rajeev Jain (DIN: 07475640) as the Managing Director and Key Managerial Personnel of the Company for a term of 5 years commencing from 1st July, 2026, who shall not be liable to retire by rotationMoreLess
21 for0 against- Appoint M/s B S R & Co. LLP, Chartered Accountants as the Statutory Auditors and to fix their remuneration
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, PGIM India Mutual Fund
- Angel One Mutual FundThe Company has issued an addendum to the AGM Notice without providing the requisite 21 clear days’ notice.
- Edelweiss Mutual Fund, Groww Mutual FundNo concern on merit of Auditors. However, proposed resolutions are Non-Compliant with Secretarial Standard-2 on General Meetings (SS-2): The Company has issued an addendum to the AGM Notice without providing the requisite 21 clear days’ notice.
- LIC Mutual FundProposed resolutions are Non-Compliant with Secretarial Standard-2 on General Meetings (SS-2): The Company has issued an addendum to the AGM Notice without providing the requisite 21 clear days notice.
- PGIM India Mutual FundNo concern on merit of Auditors. However, proposed resolutions are Non-Compliant with Secretarial Standard-2 on General Meetings (SS-2): The Company has issued an addendum to the AGM Notice without providing the requisite 21 clear days notice.
14 for5 against - Appoint M/s B S R & Co. LLP, Chartered Accountants, as the Statutory Auditors to fill the casual vacancy
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, PGIM India Mutual Fund
- Angel One Mutual FundThe Company has issued an addendum to the AGM Notice without providing the requisite 21 clear days’ notice.
- Edelweiss Mutual Fund, Groww Mutual FundNo concern on merit of Auditors. However, proposed resolutions are Non-Compliant with Secretarial Standard-2 on General Meetings (SS-2): The Company has issued an addendum to the AGM Notice without providing the requisite 21 clear days’ notice.
- LIC Mutual FundProposed resolutions are Non-Compliant with Secretarial Standard-2 on General Meetings (SS-2): The Company has issued an addendum to the AGM Notice without providing the requisite 21 clear days notice.
- PGIM India Mutual FundNo concern on merit of Auditors. However, proposed resolutions are Non-Compliant with Secretarial Standard-2 on General Meetings (SS-2): The Company has issued an addendum to the AGM Notice without providing the requisite 21 clear days notice.
14 for5 against
2 proposals not matched to one resolution
Appoint M/s B S R and Co. LLP, Chartered Accountants (Firm Registration No. 101248W/W-100022) as the Statutory Auditors of the Company for a term of five years to hold office from the conclusion of the 66th Annual General Meeting till the conclusion of the 71st Annual General Meeting of the Company, including remuneration as may be determined and recommended by the Audit Committee and approved by the Board of Directors.MoreLess
1 for0 againstAppoint M/s B S R and Co. LLP, Chartered Accountants (Firm Registration No. 101248W/W-100022), as the Statutory Auditors of the Company to hold the office from 30th April, 2026 till the conclusion of the 66th Annual General Meeting of the Company to fill the casual vacancy caused by the resignation of M/s Price Waterhouse Chartered Accountants LLP (Firm Registration No. 012754N/N500016), including remuneration as may be determined and recommended by the Audit Committee and approved by the Board of Directors.MoreLess
1 for0 against
Mutual fund votes, meeting of 15 May 2025, 17 fund houses
To receive, consider and adopt the audited Standalone and Consolidated financial statements of the Company for the financial year ended 31st December, 2024, together with the Reports of the Board of Directors and the Auditors thereon;MoreLess
17 for0 against- To declare the Final Dividend at the rate of ₹ 4 per equity share for the Financial Year 2024.17 for0 against
- To appoint a Director in place of Dr. Matthias Schmitz (DIN: 07884418), who retires by rotation, and being eligible, offers himself for re-appointment.17 for0 against
- To ratify the remuneration of Cost Auditors M/s Dhananjay V. Joshi & Associates, Cost Accountants, Pune, for the financial year ending 31st December, 2025.17 for0 against
To appoint M/s. Mehta & Mehta, Company Secretaries as the Secretarial Auditors of the Company, to hold office for a period of 5 (five) consecutive years commencing from the conclusion of 65th Annual General Meeting till the conclusion of the 70th Annual General Meeting of the CompanyMoreLess
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, LIC Mutual Fund, Nippon India Mutual Fund
- Angel One Mutual FundProposed fee payable to Secretarial Auditors not disclosed.
- Bandhan Mutual Fund, Groww Mutual FundNo concern on merit of the proposed Secretarial Auditors. Non-Compliant with Regulation 36(5) of SEBI LODR: Proposed fee payable to Secretarial Auditors not disclosed.
- Kotak Mahindra Mutual FundMehta & Mehta Company Secretaries were initially appointed as secretarial auditors for KSB Limited in 2022. Now, the company proposes to appoint Mehta & Mehta Company Secretaries as secretarial auditors for five years from the financial year ending on 31 December 2025 to 31 December 2029. Since, remuneration payable to proposed Secretarial Auditors has not been disclosed, the proposed resolution is non-compliant with the requirement of law. Hence, we are voting against.
- LIC Mutual FundDue to concerns over non disclosure of Audit fee.
- Nippon India Mutual FundNon-Compliant:Non-Disclosure of Audit Fee
11 for6 against
6 earlier meetings
Mutual fund votes, meeting of 11 Jan 2025, 20 fund houses
- Appointment of Mr. U. C. Muktibodh (DIN: 06558392) as an Independent Director and NonExecutive Director of the Company for a period of 5 years from 16th January, 2025 upto 15th January, 203020 for0 against
Mutual fund votes, meeting of 26 Sep 2024, 20 fund houses
- Appointment of Mr. Ulhas Yargop (DIN: 00054530) as an Independent Director20 for0 against
- Appointment of Mr. Vishal Kampani (DIN: 00009079) as an Independent Director
Against Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Nippon India Mutual Fund
- Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Nippon India Mutual FundAppointment compliant with the law. Governance Concern: Holding more than 1 full time position.
15 for5 against
Mutual fund votes, meeting of 27 Jun 2024, 19 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
1 - To receive, consider and adopt the audited Standalone and Consolidated financial statements of the Company for the financial year ended 31st December, 2023, together with the Reports of the Board of Directors and the Auditors thereon;MoreLess
Against Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Nippon India Mutual Fund
- Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual FundUnqualified Financial Statements. Non-Compliant with Companies Act, 2013 & SEBI LODR Regulations: The Company has not disclosed financial statements of the subsidiary on its website.
- Nippon India Mutual FundNon-disclosure of financial statement of subsidiary on website.
14 for5 against- 2 - To declare Final Dividend for the Financial Year 2023.19 for0 against
- 3 - To appoint a Director in place of Dr. Stephan Bross (DIN: 00423114), who retires by rotation, and being eligible, offers himself for re-appointment.19 for0 against
- 4 - To ratify the remuneration of Cost Auditors M/s Dhananjay V. Joshi & Associates, Cost Accountants, Pune, for the financial year ending 31st December, 2024.18 for0 against
5 - To approve sub-division (split) of nominal value (face value) of equity shares of the Company from existing nominal value of INR 10 (Rupees Ten) each to the nominal value of INR 2 (Rupees Two) each, fully paid-up ranking pari-passu and the consequent amendment to the Memorandum of Association of the CompanyMoreLess
18 for0 against
2 proposals not matched to one resolution
- To approve, Explanatory Statement under Section 102 of the Companies Act, 2013(“the Act”), is annexed to the Notice for Special business.1 for0 against
- To approve, provisions of Section 61 of the Companies Act, 2013.1 for0 against
Mutual fund votes, meeting of 11 May 2023, 11 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 and the audited consolidated financial statements of the Company for the year ended 31st December, 202211 for0 against
- To declare Dividend on equity shares for the Financial Year 2022n11 for0 against
- To appoint a Director in place of Mr. Gaurav Swarup (DIN: 00374298), who retires by rotation, and being eligible, offers himself for re-appointment11 for0 against
- Ratification of remuneration payable to Cost Auditors for Financial Year 2022n7 for0 against
- Re-appointment of Ms. Sharmila Barua Roychowdhury (DIN: 08242998) as an Independent Director11 for0 against
3 proposals not matched to one resolution
- 4) Approve remuneration of Rs. 485,000 for Dhananjay V. Joshi & Associates, as cost auditors for CY23.1 for0 against
- Approve remuneration of Rs. 485,000 for Dhananjay V. Joshi & Associates, as cost auditors for CY232 for0 against
To ratify the remuneration payable for the year ending 31st December, 2023 to M/s Dhananjay V. Joshi & Associates, Cost Accountants, Pune, (Firm Registration No. 000030), appointed by the Board of Directors of the Company to conduct the audit of the Cost Records of the CompanyMoreLess
1 for0 against
Mutual fund votes, meeting of 11 May 2022, 7 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 and the audited consolidated financial statements of the Company for the year ended 31st December, 2021, together with the Board Report and the Auditor Report thereonMoreLess
Against Nippon India Mutual Fund
- Nippon India Mutual FundNon-disclosure of latest financial statements of Subsidiaries on the website
5 for1 against- To declare Dividend on equity shares for the Financial Year 20216 for0 against
- To appoint a Director in place of Dr. Matthias Schmitz (DIN: 07884418), who retires by rotation and being eligible offers himself for re-appointment6 for0 against
Re- appointment of M/s Price Waterhouse Chartered Accountants LLP (Firm Registration No. 012754N/N500016) as the Statutory Auditors of the Company until the conclusion of the 67th Annual General MeetingMoreLess
Against Kotak Mahindra Mutual Fund, Nippon India Mutual Fund
- Kotak Mahindra Mutual FundNon-Compliant with Regulation 36(5) of SEBI LODR as Proposed audit fee not disclosed.
- Nippon India Mutual FundInadequate disclosure
4 for2 against- Ratification of remuneration payable to Cost Auditors for Financial Year 2022
Against Nippon India Mutual Fund
- Nippon India Mutual FundInsufficient information
5 for1 against - Enhancement of limit of Material Related Party transactions of the Company with KSB SE & Co. KGaA, Germany6 for0 against
6 proposals not matched to one resolution
- Item 1, as a fund house numbered it1 for0 against
- Item 2, as a fund house numbered it1 for0 against
- Item 3, as a fund house numbered it1 for0 against
- Item 4, as a fund house numbered it1 for0 against
- Item 5, as a fund house numbered it1 for0 against
- Item 6, as a fund house numbered it1 for0 against
Mutual fund votes, meeting of 29 Apr 2021, 6 fund houses
To receive, consider and adopt the audited standalone financial statements and the audited consolidated financial statements of the Company for the year ended 31st December, 2020, together with the Board's Report and the Auditors' Report thereon.MoreLess
5 for0 against1 abstained
- Declaration of Dividend.5 for0 against
1 abstained
- Re-appointment of Dr. Stephan Bross Director who retires by rotation and being eligible offers himself for re-appointment.4 for0 against
2 abstained
- Ratification of remuneration payable to Cost Auditors for Financial Year 2021.5 for0 against
1 abstained
- Re-appointment of Mr. Rajeev Jain as Managing Director for a period of 5 years form 1st July, 20215 for0 against
1 abstained
Each fund house counted once, from its own disclosure; the reasons are its own words.
Tax disputes
Reported in the filing for the quarter to Jun 2026.
- Tax disputeIncome Tax Appellate Tribunal, MumbaiSince 27 Dec 2022No update during the quarterAt the filing before: Appeal pending before Income Tax Appellate Tribunal, Mumbai for Income Tax dues and disputed amount MINR 459.53
- Tax disputeCustom, Excise and Service tax Appellate Tribunal (CESTAT), MumbaiSince 30 Jun 2017No update during the quarter (There have been updates in July 2026, which will be reported in the Sept'2026 quarter ended report.)At the filing before: Appeal pending before Custom, Excise and Service tax Appellate Tribunal (CESTAT) for Excise Duty dues (including interest and penalty, if applicable), and disputed amount MINR 574.29
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.