LT Foods logo

LT Foods MD, chairman, board of directors and AGM

NSE: LTFOODSBSE: 532783Agricultural Food & other ProductsSmall Cap

Formerly L. T. Overseas
Last close ₹379.85down ₹5.15 (1.34%)BSE ₹380.10

Share price at the NSE close on 23 Oct 2026. Previous close ₹385.00.

52-week range of traded prices to 23 Oct 2026
₹333.15Low, 20 Jan 2026₹490.70High, 24 Aug 2026
Market cap
₹13,190 Cr463rd largest listed
P/E
20.6
P/B
2.9
Dividend yield
0.53%
ROE
15.3%
ROCE
17.8%
Debt to equity
0.22
Volume, NSE
3,78,68441.7% delivered

LT Foods 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 directorVIJAY KUMAR ARORARelated to the promoter
  • Company Secretary and Compliance OfficerMONIKA JAGGIA CHAWLA

10 directors5 independent4 executive1 non-executive

  • VIJAY KUMAR ARORA · Chairperson and managing directorExecutive · joined Sep 2004 · reappointed Sep 2024 · 1 listed board
  • ASHWANI KUMAR ARORAExecutive · joined Jun 2007 · reappointed Jun 2025 · 1 listed board · 1 committee seat
  • SURINDER KUMAR ARORAExecutive · joined Jun 2007 · reappointed Jun 2025 · 1 listed board · 1 committee seat
  • ASHOK KUMAR ARORAExecutive · joined Apr 2026 · 1 listed board
  • ALRUMAIH SULAIMAN ABDULRAHMAN SNon-executive · joined Feb 2023 · 1 listed board · 1 committee seat
  • AMBIKA SHARMAIndependent · joined Mar 2021 · reappointed Apr 2026 · 63 months as independent · 6 listed boards · 6 as independent · 9 committee seats, 2 as chair
  • ABHIRAM SETHIndependent · joined Jul 2021 · 59 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 2 as chair
  • RAJU LALIndependent · joined Jan 2024 · 29 months as independent · 2 listed boards · 2 as independent · 2 committee seats
  • RIMA GUPTAIndependent · joined Apr 2026 · 2 months as independent · 1 listed board
  • RAJ KUMAR JAINIndependent · joined May 2026 · 1 month as independent · 5 listed boards · 5 as independent · 6 committee seats, 2 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • Satish Chander Gupta, left 6 May 2026: Others
  • NEERU SINGH, left 6 May 2026: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 14 May 20269 of 9 present4 independent · 76 days in between
    • 26 Feb 20269 of 9 present5 independent · 28 days in between
    • 28 Jan 20269 of 9 present5 independent

  • Audit Committee

    Chair ABHIRAM SETH

    AMBIKA SHARMA, ALRUMAIH SULAIMAN ABDULRAHMAN S, RAJU LAL

    • 14 May 20264 of 4 present3 independent · 105 days in between
    • 28 Jan 20265 of 5 present4 independent

  • Nomination and remuneration committee

    Chair ABHIRAM SETH

    AMBIKA SHARMA, RAJ KUMAR JAIN

    • 13 May 20262 of 2 present2 independent

  • Stakeholders Relationship Committee

    Chair RAJU LAL

    ABHIRAM SETH, ASHWANI KUMAR ARORA, SURINDER KUMAR ARORA

    No meeting listed in the filing.

  • Risk Management Committee

    Chair ASHWANI KUMAR ARORA

    ASHOK KUMAR ARORA, ABHIRAM SETH, ALRUMAIH SULAIMAN ABDULRAHMAN S, RAJU LAL, RAJ KUMAR JAIN

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair RAJ KUMAR JAIN

    VIJAY KUMAR ARORA, ASHWANI KUMAR ARORA, ABHIRAM SETH, RAJU LAL

    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 Jun 2026.

  • M S K A & AssociatesPeer-review certificate valid to Jul 2027
1 earlier auditor
  • MSKA & ASSOCIATESNamed in the filing for the quarter to Sep 2025

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.

LT Foods 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.LT Foods dividend history

Annual general meeting, 29 Sep 2026

1,84,738 shareholders on the register on 22 Sep 2026; present: 4 promoters and 104 others; votes counted by DEBASIS DIXIT / D Dixit & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors’ thereon; and b) the audited consolidated financial statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors’ thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.42% · promoters 87.60% · institutions 91.62% · other public 33.32%

  2. To declare final dividend on equity shares at the rate of Rs. 1 per equity share of face value of Rs 1 each for the financial year ended March 31, 2026 and to confirm the Interim Dividend of Rs. 2 per equity share, already paid during the financial year 2025-2026.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.45% · promoters 87.60% · institutions 91.76% · other public 33.32%

  3. To appoint a Director in place of Mr. Alrumaih Sulaiman Abdulrahman S (DIN: 09091328), who retires by rotation, being eligible, offers himself for re-appointment.
    Ordinary
    93.82% for6.18% against

    Against: promoters 0.00% · institutions 24.94% · other public 0.00%

    Turnout: all 72.45% · promoters 87.60% · institutions 91.75% · other public 33.32%

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, 16 Jul 2026, 1 resolution

2,02,391 shareholders on the register on 12 Jun 2026; votes counted by DEBASIS DIXIT / D Dixit & Associates.The company's voting result (opens in a new tab)

  1. APPOINTMENT OF MR. RAJ KUMAR JAIN(DIN:01741527)AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
    Special
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.96% · other public 0.01%

    Turnout: all 72.24% · promoters 87.60% · institutions 91.66% · other public 33.61%

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, 8 Apr 2026, 5 resolutions

2,04,910 shareholders on the register on 6 Mar 2026; votes counted by DEBASIS DIXIT / D Dixit & Associates.The company's voting result (opens in a new tab)

  1. RE-APPOINTMENT OF MR. ABHIRAM SETH (DIN: 00176144) AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
    Special
    78.15% for21.85% against

    Against: promoters 0.00% · institutions 89.07% · other public 0.01%

    Turnout: all 72.56% · promoters 87.96% · institutions 93.56% · other public 33.02%

  2. RE-APPOINTMENT OF MS. AMBIKA SHARMA (DIN: 08201798) AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
    Special
    83.11% for16.89% against

    Against: promoters 0.00% · institutions 68.83% · other public 0.01%

    Turnout: all 72.56% · promoters 87.96% · institutions 93.56% · other public 33.02%

  3. APPOINTMENT OF MS. RIMA GUPTA (DIN: 00360408) AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
    Special
    100.00% for0.00% against

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

    Turnout: all 72.56% · promoters 87.96% · institutions 93.56% · other public 33.02%

  4. APPOINTMENT OF MR. ASHOK KUMAR ARORA (DIN: 02259429) AS A WHOLE-TIME DIRECTOR OF THE COMPANY.
    OrdinaryPromoters have an interest in it
    95.20% for4.80% against

    Against: promoters 0.00% · institutions 19.57% · other public 0.01%

    Turnout: all 72.56% · promoters 87.96% · institutions 93.56% · other public 33.02%

  5. 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 0.01%

    Turnout: all 72.56% · promoters 87.96% · institutions 93.56% · other public 33.03%

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

Annual general meeting, 30 Sep 2025, 9 resolutions

2,11,717 shareholders on the register on 23 Sep 2025; present: 7 promoters and 233 others; votes counted by DEBASIS DIXIT / D DIXIT & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2025, together with the Reports of the Board of Directors and the Auditors thereon; and b) the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.46% · promoters 87.62% · institutions 89.52% · other public 33.41%

  2. To declare final dividend on equity shares at the rate of Rs. 1 per equity share of face value of Rs. 1 each for the financial year ended March 31, 2025
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.59% · promoters 87.62% · institutions 90.20% · other public 33.41%

  3. To appoint a Director in place of Mr. Ashwani Kumar Arora (DIN: 01574773), who retires by rotation and, being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.28% · other public 0.01%

    Turnout: all 71.58% · promoters 87.62% · institutions 90.18% · other public 33.41%

  4. To reappoint M/s. MSKA & Associates, Chartered Accountants (Firm Registration No. FRN: 105047W) as the Statutory Auditors of the Company and to fix their remuneration.
    Ordinary
    98.95% for1.05% against

    Against: promoters 0.00% · institutions 4.51% · other public 0.01%

    Turnout: all 71.58% · promoters 87.62% · institutions 90.18% · other public 33.41%

  5. APPOINTMENT OF M/S D DIXIT & ASSOCIATES, PRACTICING COMPANY SECRETARY (FCS NO. 7218, CP NO. 7871) AS SECRETARIAL AUDITORS OF THE COMPANY.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.58% · promoters 87.62% · institutions 90.18% · other public 33.41%

  6. TO APPROVE AND ADOPT EMPLOYEE STOCK OPTION SCHEME CALLED “LT FOODS ESOP SCHEME 2025”.
    Special
    85.35% for14.65% against

    Against: promoters 0.00% · institutions 62.72% · other public 0.01%

    Turnout: all 71.58% · promoters 87.62% · institutions 90.18% · other public 33.41%

  7. TO APPROVE GRANT OF EMPLOYEE STOCK OPTIONS TO THE EMPLOYEES OF SUBSIDIARY COMPANY(IES) OF THE COMPANY UNDER ‘LT FOODS EMPLOYEE STOCK OPTION SCHEME 2025’
    Special
    85.42% for14.58% against

    Against: promoters 0.00% · institutions 62.44% · other public 0.01%

    Turnout: all 71.58% · promoters 87.62% · institutions 90.18% · other public 33.41%

  8. APPROVAL OF SECONDARY ACQUISITION OF SHARES THROUGH TRUST ROUTE FOR THE IMPLEMENTATION OF ‘LT FOODS EMPLOYEE STOCK OPTION SCHEME 2025’
    Special
    85.42% for14.58% against

    Against: promoters 0.00% · institutions 62.44% · other public 0.01%

    Turnout: all 71.58% · promoters 87.62% · institutions 90.18% · other public 33.41%

  9. APPROVAL FOR PROVISION OF MONEY BY THE COMPANY FOR PURCHASE OF ITS OWN SHARES BY THE TRUST/TRUSTEES FOR THE BENEFIT OF ELIGIBLE EMPLOYEES UNDER THE “LT FOODS ESOP SCHEME, 2025” (HEREIN AFTER REFERRED TO AS THE “ESOP 2025”)MoreLess
    Special
    85.42% for14.58% against

    Against: promoters 0.00% · institutions 62.44% · other public 0.01%

    Turnout: all 71.58% · promoters 87.62% · institutions 90.18% · other public 33.41%

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, 4 Mar 2025, 3 resolutions

2,07,275 shareholders on the register on 31 Jan 2025; votes counted by DEBASIS DIXIT / D Dixit & Associates.The company's voting result (opens in a new tab)

  1. Re-appointment of Mrs. Neeru Singh as an Independent Director of the Company
    Special
    99.25% for0.75% against

    Against: promoters 0.00% · institutions 0.69% · other public 63.53%

    Turnout: all 53.21% · promoters 75.47% · institutions 92.04% · other public 1.40%

  2. Re-appointment of Mr. Ashwani Kumar Arora (DIN: 01574773) as Managing Director of the Company
    Ordinary
    95.40% for4.60% against

    Against: promoters 0.00% · institutions 4.74% · other public 0.20%

    Turnout: all 14.72% · promoters 0.00% · institutions 92.04% · other public 1.40%

  3. Re-appointment of Mr. Surinder Kumar Arora (DIN: 01574728) as Managing Director of the Company
    Ordinary
    95.40% for4.60% against

    Against: promoters 0.00% · institutions 4.74% · other public 0.21%

    Turnout: all 14.72% · promoters 0.00% · institutions 92.04% · other public 1.40%

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.

Annual general meeting, 26 Sep 2024, 6 resolutions

Present: 4 promoters and 219 others.The company's voting result (opens in a new tab)

  1. (a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024, the reports of the Board of Directors and Auditors thereon; andn(b) the Audited consolidated financial statements of the Company for the financial year ended March 31, 2024 and Auditors Report thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 61.49% · promoters 74.64% · institutions 80.59% · other public 35.51%

  2. To appoint a Director in place of Mr. Surinder Kumar Arora (DIN: 01574728), who retires by rotation at this Annual General Meeting and being eligible offered himself for re-appointment.
    Ordinary
    99.96% for0.04% against

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

    Turnout: all 61.62% · promoters 74.64% · institutions 81.55% · other public 35.51%

  3. Declare final dividend of Re 1 (100%) per equity share of face value of Re 1 each for the financial year ended March 31, 2024 and to confirm the interim dividend of Re 0.50 (50%) per equity share, already paid during the financial year 2023-24.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 61.62% · promoters 74.64% · institutions 81.55% · other public 35.51%

  4. To re-appoint Mr. Vijay Kumar Arora, as Managing Director of the Company
    Special
    82.90% for17.10% against

    Against: promoters 0.00% · institutions 86.36% · other public 0.00%

    Turnout: all 55.00% · promoters 61.66% · institutions 81.55% · other public 35.51%

  5. To increase remuneration of Mr. Ritesh Arora, CEO- India & Far East Business, of the Company.
    OrdinaryPromoters have an interest in it
    60.25% for39.75% against

    Against: promoters 0.00% · institutions 85.94% · other public 0.02%

    Turnout: all 23.55% · promoters 0.00% · institutions 81.55% · other public 35.51%

  6. Approval for giving of loans, guarantee or security to any person in whom any of the Director of the Company is interested under Section 185 of the Companies Act, 2013.
    Special
    94.94% for5.06% against

    Against: promoters 0.00% · institutions 28.61% · other public 0.05%

    Turnout: all 61.62% · promoters 74.64% · institutions 81.55% · other public 35.51%

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

Postal ballot, 14 Mar 2024, 1 resolution

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

  1. Appointment of Mr. Raju Lal as an Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.34%

    Turnout: all 55.86% · promoters 87.60% · institutions 87.99% · other public 4.12%

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 29 Sep 2026, 9 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors’ thereon; and b) the audited consolidated financial statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors’ thereon.MoreLess
    9 for0 against
  • To declare final dividend on equity shares at the rate of Rs. 1 per equity share of face value of Rs 1 each for the financial year ended March 31, 2026 and to confirm the Interim Dividend of Rs. 2 per equity share, already paid during the financial year 2025-2026.MoreLess
    9 for0 against
  • To appoint a Director in place of Mr. Alrumaih Sulaiman Abdulrahman S (DIN: 09091328), who retires by rotation, being eligible, offers himself for re-appointment.
    9 for0 against

Mutual fund votes, meeting of 16 Jul 2026, 9 fund houses so far (houses' deadline to file 15 Oct 2026)

  • APPOINTMENT OF MR. RAJ KUMAR JAIN(DIN:01741527)AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundTransparency Concern: Data available in the public domain indicates that the proposed appointee may hold 2 Full-time positions, in entities with unrelated business activities. The Company has not provided any additional clarity on full-time positions of the proposed appointee.
    • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern on merit of the appointee. Transparency Concern: Data available in the public domain indicates that the proposed appointee may hold 2 Full-time positions, in entities with unrelated business activities. The Company has not provided any additional clarity on full-time positions of the proposed appointee.
    6 for3 against
6 earlier meetings

Mutual fund votes, meeting of 8 Apr 2026, 18 fund houses

  • RE-APPOINTMENT OF MR. ABHIRAM SETH (DIN: 00176144) AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual FundGovernance concern: Prolonged association at Group Level; Director is serving as Chairperson of both Audit Committee & Nomination & Remuneration Committees it might lead to concentration of power in the hands of a single individual.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of the proposed appointee. Governance concern: Prolonged association at Group Level; Director is serving as Chairperson of both AC & NRC committees. A common director acting Chairperson of both the Committees may not be in the best interest of Corporate governance, since, it might lead to concentration of power in the hands of a single individual.
    • HDFC Mutual FundAbhiram Seth, 74, is the Founder and Managing Director of Aquaagri Processing Private Ltd., an enterprise focused on promoting aqua agriculture through self-help groups among coastal communities. Prior to this, he was the Executive Director – Exports and External Affairs at PepsiCo India from 1993 to 2008. He has served on the board as an Independent Director since 22 July 2021. Abhiram Seth has served as Director on the board of Dawaat Foods Limited, a wholly owned subsidiary, from 28 January 2010 to 15 May 2020. He was appointed to the board of LT Foods Limited on 22 July 2021. We therefore consider his overall association with the group to compute his tenure. Given his long association with the group, we classify Abhiram Seth as a Non-Executive Non-Independent Director. We do not support the resolution.
    • ICICI Prudential Mutual FundAbhiram Seth has served as Director on the board of Dawaat Foods Limited, a wholly owned subsidiary, from 28 January 2010 to 15 May 2020. He was appointed to the board of LT Foods Limited on 22 July 2021. His aggregate tenure with the group exceeds ten years, and hence the AMC do not support his reappointment as an Independent Director. Thus, the AMC had voted against the resolution.
    • Jio BlackRock Mutual FundAbhiram Seth, 74, is the Founder and Managing Director of Aquaagri Processing Private Ltd., an enterprise focused on promoting aqua agriculture through self‑help groups among coastal communities. Prior to this, he was the Executive Director – Exports and External Affairs at PepsiCo India from 1993 to 2008. He has served on the board as an Independent Director since 22 July 2021. While he attended three out of five board meetings in FY25 (60%), he has attended 17 out of 19 board meetings (90%) held over the last four years (till the date of the notice). We expect directors to attend all board meetings and, at a minimum, 75% of board meetings over a three‑year period. The company seeks shareholder approval for his continuation on the board once he attains 75 years of age, as required under the amendments to SEBI’s LODR. Abhiram Seth has served as Director on the board of Dawaat Foods Limited, a wholly owned subsidiary, from 28 January 2010 to 15 May 2020. He was appointed to the board of LT Foods Limited on 22 July 2021. We therefore consider his overall association with the group to compute his tenure. His aggregate tenure with the group exceeds ten years, and hence we classify Abhiram Seth as a Non-Executive Non-Independent Director. Given his association with the group for more than ten years, we do not support his reappointment as an Independent Director.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Nippon India Mutual FundGovernance Concern: Prolonged association at Group Level - A common director serving as Chairperson of both AC & NRC may lead to concentration of power, which is not in the best interest of corporate governance.
    7 for11 against
  • RE-APPOINTMENT OF MS. AMBIKA SHARMA (DIN: 08201798) AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual FundPrior approval of the shareholders has not been obtained for reappointment as an Independent Director. Governance concern: Proposed term of appointment will lead to prolonged association at the group level.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNo concern on the merits of the proposed appointee. Non-Compliance w.r.t Companies Act, 2013: The term of Director has already ended on 9th March, 2026. The eligibility for re-appointment is approval of shareholders by way of special resolution and eligibility has to be established by the time re-appointment starts. As a result, prior approval of the shareholders has not been obtained for her reappointment as an Independent Director, rendering the proposed re-appointment non-compliant. Governance concern: Proposed term of appointment will lead to Prolonged association at the group level.
    • HDFC Mutual FundMs. Ambika Sharma, 63, is the former Director General- International of the Federation of Indian Chambers of Commerce & Industry (FICCI). She has also served as the Managing Director and Principal Advisor to the US-India Business Council (USIBC) and as a member of the Executive Council of Bureau of Indian Standards (BIS). She has served as an Independent Director on the board since 10 March 2021. She attended all five board meetings in FY25 (100%) and all four board meetings in FY26, till the date of the notice. Her reappointment is in line with statutory requirements. Ms. Ambika Sharma has served as an Independent Director on the board of Nature Bio-Foods Limited, a wholly owned subsidiary, since 27 September 2018. We therefore consider her overall association with the group to compute her tenure. Given her long association with the group, we do not support the resolution.
    • ICICI Prudential Mutual FundMs. Ambika Sharma, 63, is the former Director General- International of the Federation of Indian Chambers of Commerce & Industry (FICCI). Ms. Ambika Sharma has served as an Independent Director on the board of Nature Bio-Foods Limited, a wholly owned subsidiary, since 27 September 2018. Her overall association with the group exceeds ten years during the proposed tenure. Hence, the AMC voted against the resolution.
    • Jio BlackRock Mutual FundMs. Ambika Sharma, 63, is the former Director General- International of the Federation of Indian Chambers of Commerce & Industry (FICCI). She has also served as the Managing Director and Principal Advisor to the US-India Business Council (USIBC) and as a member of the Executive Council of Bureau of Indian Standards (BIS). She has served as an Independent Director on the board since 10 March 2021. She attended all five board meetings in FY25 (100%) and all four board meetings in FY26, till the date of the notice. Her reappointment is in line with statutory requirements. Ms. Ambika Sharma has served as an Independent Director on the board of Nature Bio-Foods Limited, a wholly owned subsidiary, since 27 September 2018. We therefore consider her overall association with the group to compute her tenure. We do not support the reappointment of independent directors if their aggregate tenure with the company or the group exceeds ten years at any point during the proposed tenure, as we believe this is not in line with the spirit of the regulations. We do not support the resolution.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Nippon India Mutual FundNon-Compliance w.r.t Companies Act, 2013: The Director's term ended on 9th March 2026, and prior shareholder approval via special resolution was not obtained for re-appointment, rendering the proposed re-appointment non-compliant.
    7 for11 against
  • APPOINTMENT OF MS. RIMA GUPTA (DIN: 00360408) AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
    18 for0 against
  • APPOINTMENT OF MR. ASHOK KUMAR ARORA (DIN: 02259429) AS A WHOLE-TIME DIRECTOR OF THE COMPANY.
    18 for0 against
  • ALTERATION OF THE OBJECT CLAUSE OF THE MEMORANDUM OF ASSOCIATION OF THE COMPANY.
    18 for0 against

Mutual fund votes, meeting of 30 Sep 2025, 18 fund houses

  • To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2025, together with the Reports of the Board of Directors and the Auditors thereon; and b) the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025, together with the Report of the Auditors thereon.MoreLess
    18 for0 against
  • To declare final dividend on equity shares at the rate of Rs. 1 per equity share of face value of Rs. 1 each for the financial year ended March 31, 2025
    18 for0 against
  • To appoint a Director in place of Mr. Ashwani Kumar Arora (DIN: 01574773), who retires by rotation and, being eligible, offers himself for re-appointment.
    18 for0 against
  • To reappoint M/s. MSKA & Associates, Chartered Accountants (Firm Registration No. FRN: 105047W) as the Statutory Auditors of the Company and to fix their remuneration.
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundProposed audit fee payable to Statutory Auditors not disclosed.
    • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNo issues on merits of the proposed Statutory Auditors. Non-Compliant with Regulation 36(5) of SEBI LODR: Proposed audit fee payable to Statutory Auditors not disclosed.
    • Kotak Mahindra Mutual FundCompany has not disclosed the auditors fees for Statutory Auditors, which is regulatory requirement. In absence of audit fee, we cannot favour the resolution.
    12 for6 against
  • APPOINTMENT OF M/S D DIXIT & ASSOCIATES, PRACTICING COMPANY SECRETARY (FCS NO. 7218, CP NO. 7871) AS SECRETARIAL AUDITORS OF THE COMPANY.
    18 for0 against
  • TO APPROVE AND ADOPT EMPLOYEE STOCK OPTION SCHEME CALLED “LT FOODS ESOP SCHEME 2025”.
    Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Jio BlackRock Mutual Fund, Kotak Mahindra Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, UTI Mutual Fund
    • Angel One Mutual FundNon-Disclosure of Exercise Price / Pricing Formula.
    • Axis Mutual Fund, Jio BlackRock Mutual Fund, UTI Mutual FundUnder the ESOP Scheme 2025, the company proposes to grant up to 3,183,000 ESOPs to eligible employees. The NRC has the discretion to prescribe performance conditions for vesting, covering a mix of corporate, business unit/segment, and individual performance, with parameters such as relative net profit growth against peers, revenue/profitability growth as per budgets, and other financial or operational metrics. The weightage of these conditions may vary by employee or category, and where options are issued at a discount of 10% or more, mandatory performance conditions will apply. However, the company has not disclosed the exercise price, and the scheme contours provide the NRC significant flexibility in determining vesting criteria. Given the lack of clarity regarding the exercise price and due to inability to ascertain whether the scheme contours align with investor interest, we do not support the resolution.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual FundNon-Compliant under SEBI (SBEB & SE) Regulations: Non-Disclosure of Exercise Price / Pricing Formula.
    • HDFC Mutual FundDue the lack of clarity regarding the exercise price and due to inability to ascertain whether the scheme contours align with investor interest, we do not support the resolution.
    • Kotak Mahindra Mutual FundUnder the ESOP Scheme 2025, the company proposes to grant up to 3,183,000 ESOPs to eligible employees. The NRC has the discretion to determine the exercise price and to prescribe performance conditions for vesting, covering a mix of corporate, business unit/segment, and individual performance, with parameters such as relative net profit growth against peers, revenue/profitability growth as per budgets, and other financial or operational metrics. Company has not disclosed exercise price for the ESOPs, which is a regulatory requirement. We are unable to ascertain whether the scheme do align with investor s interest. Hence, we do not support the resolution
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    5 for13 against
  • TO APPROVE GRANT OF EMPLOYEE STOCK OPTIONS TO THE EMPLOYEES OF SUBSIDIARY COMPANY(IES) OF THE COMPANY UNDER ‘LT FOODS EMPLOYEE STOCK OPTION SCHEME 2025’
    Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Jio BlackRock Mutual Fund, Kotak Mahindra Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, UTI Mutual Fund
    • Angel One Mutual FundNon-Disclosure of Exercise Price / Pricing Formula.
    • Axis Mutual Fund, Jio BlackRock Mutual FundOur recommendation is linked to Resolution #6. Therefore, we do not support the resolution.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundInter linked with resolution #6
    • HDFC Mutual FundDue the lack of clarity regarding the exercise price and due to inability to ascertain whether the scheme contours align with investor interest, we do not support the resolution.
    • Kotak Mahindra Mutual FundThis resolution is associated with sixth resolution. The NRC has the discretion to determine the exercise price and to prescribe performance conditions for vesting, covering a mix of corporate, business unit/segment, and individual performance, with parameters such as relative net profit growth against peers, revenue/profitability growth as per budgets, and other financial or operational metrics. Company has not disclosed exercise price for the ESOPs, which is a regulatory requirement. We are unable to ascertain whether the scheme do align with investor s interest. Hence, we do not support the resolution
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Nippon India Mutual FundNon-Compliant under SEBI (SBEB & SE) Regulations: Non-Disclosure of Exercise Price / Pricing Formula.
    • UTI Mutual FundOur view is linked to Resolution #6. Therefore, we do not support the resolution.
    5 for13 against
  • APPROVAL OF SECONDARY ACQUISITION OF SHARES THROUGH TRUST ROUTE FOR THE IMPLEMENTATION OF ‘LT FOODS EMPLOYEE STOCK OPTION SCHEME 2025’
    Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Jio BlackRock Mutual Fund, Kotak Mahindra Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, UTI Mutual Fund
    • Angel One Mutual FundNon-Disclosure of Exercise Price / Pricing Formula.
    • Axis Mutual Fund, Jio BlackRock Mutual FundThrough resolution #8, the company seeks shareholder approval for secondary acquisition of up to 3,183,000 shares by the trust for implementation of the ESOP Scheme 2025. Our recommendation is linked to Resolution #6. We do not support the resolution.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundInter linked with resolution #6
    • HDFC Mutual FundDue the lack of clarity regarding the exercise price and due to inability to ascertain whether the scheme contours align with investor interest, we do not support the resolution.
    • Kotak Mahindra Mutual FundThis resolution is associated with sixth resolution. The NRC has the discretion to determine the exercise price and to prescribe performance conditions for vesting, covering a mix of corporate, business unit/segment, and individual performance, with parameters such as relative net profit growth against peers, revenue/profitability growth as per budgets, and other financial or operational metrics. Company has not disclosed exercise price for the ESOPs, which is a regulatory requirement. We are unable to ascertain whether the scheme do align with investor s interest. Hence, we do not support the resolution
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Nippon India Mutual FundNon-Compliant under SEBI (SBEB & SE) Regulations: Non-Disclosure of Exercise Price / Pricing Formula.
    • UTI Mutual FundThrough resolution #8, the company seeks shareholder approval for secondary acquisition of up to 3,183,000 shares by the trust for implementation of the ESOP Scheme 2025. Our view is linked to Resolution #6. We do not support the resolution.
    5 for13 against
  • APPROVAL FOR PROVISION OF MONEY BY THE COMPANY FOR PURCHASE OF ITS OWN SHARES BY THE TRUST/TRUSTEES FOR THE BENEFIT OF ELIGIBLE EMPLOYEES UNDER THE “LT FOODS ESOP SCHEME, 2025” (HEREIN AFTER REFERRED TO AS THE “ESOP 2025”)MoreLess
    Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Jio BlackRock Mutual Fund, Kotak Mahindra Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, UTI Mutual Fund
    • Angel One Mutual FundNon-Disclosure of Exercise Price / Pricing Formula.
    • Axis Mutual Fund, Jio BlackRock Mutual FundThe company seeks shareholder approval for providing loan to the trust. The quantum of the loan will not exceed 5% of the aggregate of the paid-up share capital and free reserves of the company. Our recommendation is linked to Resolution #6. We do not support the resolution.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundInter linked with resolution #6
    • HDFC Mutual FundDue the lack of clarity regarding the exercise price and due to inability to ascertain whether the scheme contours align with investor interest, we do not support the resolution.
    • Kotak Mahindra Mutual FundThis resolution is associated with sixth resolution. The NRC has the discretion to determine the exercise price and to prescribe performance conditions for vesting, covering a mix of corporate, business unit/segment, and individual performance, with parameters such as relative net profit growth against peers, revenue/profitability growth as per budgets, and other financial or operational metrics. Company has not disclosed exercise price for the ESOPs, which is a regulatory requirement. We are unable to ascertain whether the scheme do align with investor s interest. Hence, we do not support the resolution
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Nippon India Mutual FundNon-Compliant under SEBI (SBEB & SE) Regulations: Non-Disclosure of Exercise Price / Pricing Formula.
    • UTI Mutual FundThe company seeks shareholder approval for providing loan to the trust. The quantum of the loan will not exceed 5% of the aggregate of the paid-up share capital and free reserves of the company. Our view is linked to Resolution #6. We do not support the resolution.
    5 for13 against

Mutual fund votes, meeting of 4 Mar 2025, 5 fund houses

  • Re-appointment of Mrs. Neeru Singh as an Independent Director of the Company
    5 for0 against
  • Re-appointment of Mr. Ashwani Kumar Arora (DIN: 01574773) as Managing Director of the Company
    5 for0 against
  • Re-appointment of Mr. Surinder Kumar Arora (DIN: 01574728) as Managing Director of the Company
    5 for0 against

Mutual fund votes, meeting of 26 Sep 2024, 4 fund houses

  • (a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024, the reports of the Board of Directors and Auditors thereon; andn(b) the Audited consolidated financial statements of the Company for the financial year ended March 31, 2024 and Auditors Report thereon.MoreLess
    4 for0 against
  • To appoint a Director in place of Mr. Surinder Kumar Arora (DIN: 01574728), who retires by rotation at this Annual General Meeting and being eligible offered himself for re-appointment.
    4 for0 against
  • Declare final dividend of Re 1 (100%) per equity share of face value of Re 1 each for the financial year ended March 31, 2024 and to confirm the interim dividend of Re 0.50 (50%) per equity share, already paid during the financial year 2023-24.MoreLess
    4 for0 against
  • To re-appoint Mr. Vijay Kumar Arora, as Managing Director of the Company
    Against Bandhan Mutual Fund, DSP Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual FundVijay Kumar Arora, 66, is part of the promoter family and Chairperson and Managing Director of LT Foods Limited. He has been on the board since September 2004. The approval for his reappointment is sought via a special resolution because he will attain 70 years of age during the proposed tenure: we do not consider age to be criteria for board directorships.In FY24, he received Rs. 24.8 mn as remuneration from LT Foods Europe B.V., a step-down subsidiary. While we support his reappointment on the board, we do not support this resolution because, the notice states that Vijay Kumar Arora will receive remuneration from a subsidiary or step-down subsidiary. There is no clarity regarding his overall remuneration structure. Shareholders of LT Foods Limited will not have an opportunity to vote on the remuneration being paid by the subsidiaries. Given the lack of clarity, we do not support the resolution.
    • DSP Mutual FundVijay Kumar Arora, 66, is part of the promoter family and Chairperson and Managing Director of LT Foods Limited. He has been on the board since September 2004. The approval for his reappointment is sought via a special resolution because he will attain 70 years of age during the proposed tenure: we do not consider age to be criteria for board directorships. In FY24, he received Rs. 24.8 mn as remuneration from LT Foods Europe B.V., a step-down subsidiary. While we support his reappointment on the board, we do not support this resolution because, the notice states that Vijay Kumar Arora will receive remuneration from a subsidiary or step-down subsidiary. There is no clarity regarding his overall remuneration structure. Shareholders of LT Foods Limited will not have an opportunity to vote on the remuneration being paid by the subsidiaries. Given the lack of clarity, we do not support the resolution.
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Combined position of Chairman and Managing Director. Inadequate disclosure regarding the remuneration.
    0 for4 against
  • To increase remuneration of Mr. Ritesh Arora, CEO- India & Far East Business, of the Company.
    Against Bandhan Mutual Fund, DSP Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, DSP Mutual FundRitesh Arora is the son of Promoter Ashwani Kumar Arora, Managing Director. He has completed his master’s in business and Managerial Development from University of Glasglow, UK. He has been associated with the company in an executive capacity since FY17. He is presently CEO - India and Far East Business. He received Rs. 7.8 mn as remuneration in FY24. The company is seeking approval to increase his remuneration to Rs. 20.0 mn (including variable pay of Rs. 6.0 mn) per annum effective from 1 April 2024. The company has not defined the tenure for the approval; however, the company will require shareholder approval if the maximum limit of Rs. 20.0 mn is breached. The company has disclosed peer benchmarking data provided by Willis Towers Watson and Mercer. However, the criteria used for the benchmarking exercise does not disclose/include the level of work experience used to benchmark Ritesh Arora’s compensation. It is unclear if other employees at the same level of experience are in the same compensation bracket. We do not support the resolution. Further, we raise concern that there are three promoters in executive capacity on the board and at least six (including Ritesh Arora) in office of profit positions, which is excessive and deters from attracting the right professional talent. We do not support the resolution.
    • Groww Mutual Fund, Motilal Oswal Mutual FundNon-compliance with Companies Act, 2013: Prior approval not sought. Governance concern: No adequate justification for significant increase in the remuneration.
    0 for4 against
  • Approval for giving of loans, guarantee or security to any person in whom any of the Director of the Company is interested under Section 185 of the Companies Act, 2013.
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliant with Section 185(2) of Companies Act, 2013: Inadequate Disclosures regarding full particulars of Loan. Governance concern: No clarity whether the Company will undertake guarantee/charge obligations in proportion with ownership rights.
    2 for2 against

Mutual fund votes, meeting of 14 Mar 2024, 3 fund houses

  • Appointment of Mr. Raju Lal as an Independent Director of the Company.
    3 for0 against

Mutual fund votes, meeting of 29 Sep 2023, 2 fund houses

  • 1. To consider and adopt: (a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023, the reports of the Board of Directors and Auditors thereon; and (b) the Audited consolidated financial statements of the Company for the financial year ended March 31, 2023 and Auditors Report thereon. 2. To appoint a Director in place of Mr. Ashwani Kumar Arora (DIN:01574773), who retires by rotation at this Annual General Meeting and being eligible offered himself for re-appointment. 3. Declare final dividend of Rs. 0.50 (50 Percent) per equity share of face value of Re. 1 each for the financial year ended March 31, 2023 and to confirm the interim dividend of Re. 0.50 (50 Percent) per equity share, already paid during the financial year 2022-23.MoreLess
    1 for0 against
  • Declare final dividend of Rs. 0.50 (50%) per equity share of face value of Re. 1 each for the financial year ended March 31, 2023 and to confirm the interim dividend of Re. 0.50 (50%) per equity share, already paid during the financial year 2022-23.MoreLess
    1 for0 against
  • To appoint a Director in place of Mr. Ashwani Kumar Arora (DIN:01574773), who retires by rotation at this Annual General Meeting and being eligible offered himself for re-appointment.
    1 for0 against
  • To consider and adopt: (a) The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023, the reports of the Board of Directors and Auditors thereon and (b) The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023 and Auditors Report thereon.MoreLess
    1 for0 against

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

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeLT Foods Limited Versus Additonal Commissioner of Central Goods & Service Tax Delhi South Commissionerate (Registered Person Appeal)Since 27 Jan 2025
    The Company has filed an appeal before the GST Appellate Tribunal (GSTAT) on 9 June 2026, and the matter is currently pending adjudication.
    At the filing before: An Order-in-Original was passed against the company, pursuant to which an appeal was filed on 21-April-2025 before the Commissioner (Appeals-II), Central Goods & Services Tax, challenging the demand (including penalty) amounting to Rs 3,58,32,000/-. The order dated 09-Jan-2026 has been partly decided in favour of the Company, wherein the demand of Rs 32.41 Lacs plus Penalty of Rs 32.41 Lacs has been dropped. However, the Department has confirmed a demand of Rs 1.47 crore, along with applicable interest and a penalty of Rs 1.47 crore.MoreLess
  • Tax disputeSuperintendent of Central Tax, Banglore North West CommissionerateSince 4 Feb 2025
    No Change in Status
    At the filing before: Order in Orginal is passed against which appeal is filed on 1st -May 2025 with Joint /Additional Commissioner Central Tax Challending demand(including Penalty) of Rs 14,28,600/-
  • Tax disputeAssistant Commissioner Divison Malviya Nagar, CGST Delhi South Commissinerate Versus LT Foods Limited (Departmental Appeal)Since 28 Jul 2025
    The Company has filed an appeal before the GST Appellate Tribunal (GSTAT) on 19 June 2026, and the matter is currently pending adjudication.
    At the filing before: Review Order has been passed by the Principal Commissioner, Delhi, South Commissionerate dated 25-July 2025 proposing to file an appeal against the impunged Order-in-Original deleting demand of Rs 32,41,00,000/- along with an equivalent penalty of Rs 32,41,00,000/- passed by the Ld. Additional Commissioner,CGST Delhi South Commissionerate. Pursuant to this review order, the Department has filed an appeal dated 28-July 2025. The company has received notices for filling Cross objections aginst the subject appeal. The cross-objections were duly filed, and the hearing was conducted on 14 October 2025. The Commissioner, CGST (Appeals II) has vide its order dated 30th Jan, 2026 has allowed the departmental appeal and GST demand of Rs 32.41 Crore has been Confirmed under Section 74 of the CGST Act, 2017 along with applicable interest and penalty.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

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

  • Received
  • Resolved

Open at the quarter's end

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
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.