Maithan Alloys logo

Maithan Alloys CEO, MD, chairman, board of directors and AGM

NSE: MAITHANALLBSE: 590078Ferrous MetalsSmall Cap

Last close ₹789.75down ₹24.55 (3.01%)BSE ₹789.90

Share price at the NSE close on 23 Oct 2026. Previous close ₹814.30.

52-week range of traded prices to 23 Oct 2026
₹770.15Low, 23 Oct 2026₹1,210.10High, 18 Jun 2026
Market cap
₹2,299 Cr992nd largest listed
P/E
7.9
P/B
0.6
Dividend yield
2.15%
ROE
7.4%
ROCE
6.0%
Debt to equity
0.06
Volume, NSE
63,70050.4% delivered

Maithan Alloys 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 directorSubhas Chandra Agarwalla
  • Chief executiveSubodh Agarwalla
  • Company Secretary and Compliance OfficerRajesh K. Shah

7 directors4 independent2 executive1 non-executive

  • Subhas Chandra Agarwalla · Chairperson and managing directorExecutive · joined Apr 1992 · 1 listed board · 1 committee seat
  • Subodh Agarwalla · Chief executiveExecutive · joined Jul 2006 · 1 listed board · 2 committee seats
  • Aayush KhetawatIndependent · joined Aug 2024 · reappointed Aug 2024 · 22 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • Palghat Krishnan VenkatramaniIndependent · joined Nov 2016 · reappointed Nov 2021 · 116 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Naresh Kumar JainIndependent · joined Feb 2024 · reappointed Feb 2024 · 29 months as independent · 1 listed board · 1 as independent · 4 committee seats
  • Sonal ChoubeyIndependent · joined Feb 2024 · reappointed Feb 2024 · 29 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Peddi SrinivasNon-executive · joined Jun 2021 · 1 listed board

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
  • Vivek Kaul, left 19 Jun 2026: Tenure Completion

Committees and meetings

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

  • Board

    • 16 May 20267 of 8 present4 independent · 105 days in between
    • 30 Jan 20268 of 8 present5 independent

  • Audit Committee

    Chair Aayush Khetawat

    Subodh Agarwalla, Palghat Krishnan Venkatramani

    • 16 May 20263 of 3 present2 independent · 105 days in between
    • 30 Jan 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Naresh Kumar Jain

    Palghat Krishnan Venkatramani, Sonal Choubey

    • 16 May 20262 of 3 present2 independent · 105 days in between
    • 30 Jan 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Aayush Khetawat

    Subhas Chandra Agarwalla, Sonal Choubey

    • 16 May 20262 of 3 present1 independent · 105 days in between
    • 30 Jan 20263 of 3 present2 independent

  • Risk Management Committee

    Chair Subhas Chandra Agarwalla

    Palghat Krishnan Venkatramani, Pramod Kumar Chaudhary

    • 16 May 20262 of 2 present1 independent · 105 days in between
    • 30 Jan 20262 of 2 present1 independent

  • Corporate Social Responsibility Committee

    Chair Subhas Chandra Agarwalla

    Subodh Agarwalla, Palghat Krishnan Venkatramani

    • 16 May 20263 of 3 present1 independent · 105 days in between
    • 30 Jan 20263 of 3 present1 independent

  • Finance Management Committee

    Chair Subhas Chandra Agarwalla

    Subodh Agarwalla, Peddi Srinivas

    • 16 May 20263 of 3 present0 independent · 35 days in between
    • 10 Apr 20263 of 3 present0 independent

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

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Singhi & Co.Peer-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.

Maithan Alloys 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.Maithan Alloys dividend history

Annual general meeting, 28 Sep 2026

42,480 shareholders on the register on 21 Sep 2026; present: 12 promoters and 45 others; votes counted by S K PATNAIK / PATNAIK & PATNAIK.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the revised Audited Standalone Financial Statement of the Company for the financial year ended on 31 March 2026 together with the Reports of the Board of Directors and Auditors thereon and the revised Audited Consolidated Financial Statement of the Company for the financial year ended on 31 March 2026 together with the Report of the Auditors thereon.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.61%

    Turnout: all 76.05% · promoters 100.00% · institutions 38.42% · other public 3.31%

  2. To confirm the payment of Interim Dividend of Rs.11/- per equity share for the financial year 2025-2026 and to declare Final Dividend of Rs.6/- per equity share for the financial year 2025-2026.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.60%

    Turnout: all 76.07% · promoters 100.00% · institutions 40.66% · other public 3.31%

  3. To appoint a Director in place of Mr. Subodh Agarwalla (DIN: 00339855), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 42.80% · other public 0.89%

    Turnout: all 76.07% · promoters 100.00% · institutions 40.66% · other public 3.31%

  4. To increase the remuneration of the Statutory Auditor.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.40% · other public 0.93%

    Turnout: all 76.07% · promoters 100.00% · institutions 40.66% · other public 3.31%

  5. To ratify the remuneration of the Cost Auditor.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.89%

    Turnout: all 76.07% · promoters 100.00% · institutions 40.66% · other public 3.31%

  6. To alter the Objects Clause of the Memorandum of Association of the Company.
    Special
    99.99% for0.01% against

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

    Turnout: all 76.07% · promoters 100.00% · institutions 40.66% · other public 3.31%

  7. To alter the Articles of Association of the Company by deleting the provisions relating to the Seal (Common Seal).
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.73%

    Turnout: all 76.07% · promoters 100.00% · institutions 40.66% · other public 3.31%

  8. To re-appoint Mr. Naresh Kumar Jain (DIN: 00221519) as an Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.66%

    Turnout: all 76.07% · promoters 100.00% · institutions 40.66% · other public 3.31%

  9. To re-appoint Mr. Aayush Khetawat (DIN: 06968448) as an Independent Director of the Company.
    Special
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 28.98% · other public 0.69%

    Turnout: all 76.07% · promoters 100.00% · institutions 40.66% · other public 3.31%

  10. To re-appoint Mrs. Sonal Choubey (DIN: 10475331) as an Independent Director of the Company.
    Special
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 28.98% · other public 0.69%

    Turnout: all 76.07% · promoters 100.00% · institutions 40.66% · other public 3.31%

  11. To appoint Mr. Chandra Prakash Kakarania (DIN: 00203663) as a Director and as an Independent Director of the Company.
    Special
    99.99% for0.01% against

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

    Turnout: all 76.07% · promoters 100.00% · institutions 40.66% · other public 3.31%

  12. To appoint Dr. Ridhi Agarwala (DIN: 11622124) as a Director and as an Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.73%

    Turnout: all 76.07% · promoters 100.00% · institutions 40.66% · other public 3.31%

  13. To approve change in designation of Mr. Subhas Chandra Agarwalla, Chairman and Managing Director, as the ‘Executive Chairman’ of the Company.
    SpecialPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.61%

    Turnout: all 19.18% · promoters 24.11% · institutions 40.66% · other public 3.31%

  14. To approve change in designation of Mr. Subodh Agarwalla, Whole-time Director and Chief Executive Officer of the Company, as the ‘Managing Director & Chief Executive Officer’.
    SpecialPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.61%

    Turnout: all 19.18% · promoters 24.11% · institutions 40.66% · other public 3.31%

  15. To approve the material related party transaction with Maithan Ferrous Private Limited for the financial year 2026-2027.
    OrdinaryPromoters have an interest in it
    99.56% for0.44% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.61%

    Turnout: all 1.11% · promoters 0.00% · institutions 40.66% · other public 3.31%

  16. To approve the material related party transaction with Maithan Ferrous Private Limited for the period April - September, 2027.
    OrdinaryPromoters have an interest in it
    99.40% for0.60% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.83%

    Turnout: all 1.11% · promoters 0.00% · institutions 40.66% · other public 3.31%

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

Annual general meeting, 27 Sep 2025, 5 resolutions

40,810 shareholders on the register on 20 Sep 2025; present: 10 promoters and 51 others; votes counted by S K PATNAIK / PATNAIK & PATNAIK.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statement of the Company for the financial year ended on 31st March 2025 together with the Reports of the Board of Directors and Auditors thereon and the Audited Consolidated Financial Statement of the Company for the financial year ended on 31st March 2025 together with the Report of the Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 65.56% · promoters 86.60% · institutions 37.53% · other public 0.42%

  2. To approve the payment of Interim Dividend of Rs 3/- per equity share and Second Interim Dividend of Rs7/- per equity share for the financial year 2024-2025 and to declare a Final Dividend on Equity Shares of the Company for the financial year 2024-2025.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.57% · promoters 86.60% · institutions 38.70% · other public 0.42%

  3. To appoint a Director in place of Mr. Subhas Chandra Agarwalla (DIN: 00088384), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.22% · other public 11.96%

    Turnout: all 65.57% · promoters 86.60% · institutions 38.70% · other public 0.42%

  4. To ratify the remuneration of the Cost Auditor
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.16%

    Turnout: all 65.57% · promoters 86.60% · institutions 38.70% · other public 0.42%

  5. To appoint the Secretarial Auditor of the Company
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.50%

    Turnout: all 65.57% · promoters 86.60% · institutions 38.70% · other public 0.41%

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.

Extraordinary general meeting, 7 Apr 2025, 2 resolutions

42,092 shareholders on the register on 31 Mar 2025; present: 11 promoters and 45 others; votes counted by Sankar Kumar Patnaik / Patnaik & Patnaik.The company's voting result (opens in a new tab)

  1. Authority to provide loan, guarantee, security and/or to make investment in exess of limit prescribed under Section 186(2) of the Companies Act, 2013.
    Special
    99.08% for0.92% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.03%

    Turnout: all 70.94% · promoters 92.81% · institutions 49.54% · other public 3.04%

  2. To approve the material related party transactions with maithan Ferrous Private Limited.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 1.37% · promoters 0.00% · institutions 49.54% · other public 3.04%

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.

Postal ballot, 28 Dec 2024, 5 resolutions

40,144 shareholders on the register on 22 Nov 2024; votes counted by S.K.PATNAIK / PATNAIK & PATNAIK.The company's voting result (opens in a new tab)

  1. To alter the Memorandum of Association of the Company to align with the provisions of the Companies Act, 2013
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.18%

    Turnout: all 39.83% · promoters 50.88% · institutions 53.05% · other public 3.39%

  2. To alter the Objects Clause of the Memorandum of Association of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.04% · other public 1.18%

    Turnout: all 39.83% · promoters 50.88% · institutions 53.05% · other public 3.39%

  3. To re-appoint Mr. Subhas Chandra Agarwalla ( DIN: 00088384) as the Chairman and Managing Director of the Company
    SpecialPromoters have an interest in it
    96.91% for3.09% against

    Against: promoters 0.00% · institutions 67.65% · other public 1.26%

    Turnout: all 19.77% · promoters 24.13% · institutions 53.05% · other public 3.39%

  4. To alter the remuneration of Mr. Subodh Agarwalla, Whole-time Director and Chief Executive Officer of the Company
    SpecialPromoters have an interest in it
    96.91% for3.09% against

    Against: promoters 0.00% · institutions 67.54% · other public 1.38%

    Turnout: all 19.77% · promoters 24.13% · institutions 53.05% · other public 3.39%

  5. To alter the remuneration of Mr. Sudhanshu Agarwalla, President and Chief Financial Officer of the Company
    OrdinaryPromoters have an interest in it
    96.92% for3.08% against

    Against: promoters 0.00% · institutions 67.54% · other public 1.36%

    Turnout: all 19.77% · promoters 24.13% · institutions 53.05% · other public 3.39%

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 2024, 6 resolutions

Present: 12 promoters and 46 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statement of the Company for the financial year ended on 31 March 2024 together with the Reports of the Directors and Auditors thereon and the Audited Consolidated Financial Statement of the Company for the financial year ended on 31 March 2024 together with the Report of the Auditors thereon.MoreLess
    Ordinary
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 9.57% · other public 5.15%

    Turnout: all 67.57% · promoters 88.72% · institutions 52.26% · other public 0.39%

  2. To declare dividend on equity shares of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 67.60% · promoters 88.72% · institutions 53.54% · other public 0.39%

  3. To appoint a Director in place of Mr. Srinivas Peddi (DIN: 09194339), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.14%

    Turnout: all 67.60% · promoters 88.72% · institutions 53.54% · other public 0.39%

  4. To ratify the remuneration of the Cost Auditors.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.52%

    Turnout: all 67.60% · promoters 88.72% · institutions 53.54% · other public 0.39%

  5. To increase the remunerations of the Statutory Auditors.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.95%

    Turnout: all 67.60% · promoters 88.72% · institutions 53.54% · other public 0.39%

  6. To appoint Mr. Aayush Khetawat (DIN: 06968448) as an Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.55%

    Turnout: all 67.60% · promoters 88.72% · institutions 53.54% · other public 0.39%

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.

Extraordinary general meeting, 30 Apr 2024, 4 resolutions

Present: 14 promoters and 37 others.The company's voting result (opens in a new tab)

  1. To re-appoint Mr. Subodh Agarwalla (DIN: 00339855) as the ‘Whole-time Director and Chief Executive Officer’ of the Company
    SpecialPromoters have an interest in it
    96.68% for3.32% against

    Against: promoters 0.00% · institutions 87.66% · other public 0.02%

    Turnout: all 33.88% · promoters 42.25% · institutions 57.24% · other public 4.03%

  2. To appoint Mr. Naresh Kumar Jain (DIN: 00221519) as an Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 43.87% · promoters 55.58% · institutions 57.24% · other public 4.03%

  3. To appoint Mrs. Sonal Choubey (DIN:10475331) as an Independent Director of the Company.
    Special
    100.00% for0.00% against

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

    Turnout: all 43.87% · promoters 55.58% · institutions 57.24% · other public 4.03%

  4. To approve the material related party transactions with Maithan Ferrous Private Limited.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 2.20% · promoters 0.00% · institutions 57.24% · other public 4.03%

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, 26 Sep 2023, 4 resolutions

Present: 12 promoters and 53 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statement of the Company for the financial year ended on 31 March 2023 together with the Reports of the Directors and Auditors thereon and the Audited Consolidated Financial Statement of the Company for the financial year ended on 31 March 2023 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 76.62% · promoters 95.62% · institutions 66.42% · other public 14.73%

  2. To declare dividend on equity shares of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.82% · promoters 95.62% · institutions 75.07% · other public 14.73%

  3. To appoint a Director in the place of Mr. Subodh Agarwalla (DIN: 00339855), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.71% for0.29% against

    Against: promoters 0.00% · institutions 12.28% · other public 0.02%

    Turnout: all 76.82% · promoters 95.62% · institutions 75.07% · other public 14.73%

  4. To ratify the remuneration of the Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 76.82% · promoters 95.62% · institutions 75.07% · other public 14.73%

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.

Extraordinary general meeting, 15 Jun 2023, 1 resolution

Present: 12 promoters and 40 others.The company's voting result (opens in a new tab)

  1. To consider re-appointment of Mr. Vivek Kaul (DIN: 00345022) as an ‘Independent Director’ of the Company.
    Special
    100.00% for0.00% against

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

    Turnout: all 79.62% · promoters 99.34% · institutions 74.96% · other public 14.85%

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 28 Dec 2024, 4 fund houses

  • To alter the Memorandum of Association of the Company to align with the provisions of the Companies Act, 2013
    4 for0 against
  • To alter the Objects Clause of the Memorandum of Association of the Company
    Against Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual FundCompliant with law. Transparency Concern: Inadequate justification for insertion of additional sub-clauses in the Object Clause.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    1 for3 against
  • To re-appoint Mr. Subhas Chandra Agarwalla ( DIN: 00088384) as the Chairman and Managing Director of the Company
    Against Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual FundReappointment is compliant with law. Governance Concern: Combined position of Chairman and Managing Director; No absolute cap on variable pay.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    1 for3 against
  • To alter the remuneration of Mr. Subodh Agarwalla, Whole-time Director and Chief Executive Officer of the Company
    Against Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual FundReappointment is compliant with law. Governance Concern: No absolute cap on variable pay.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    1 for3 against
  • To alter the remuneration of Mr. Sudhanshu Agarwalla, President and Chief Financial Officer of the Company
    Against Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual FundCompliant with law. Governance & Transparency Concern: Inadequate disclosures regarding the basis of arriving at the proposed pay and how is stated to be at arm’s length basis. Fairness cannot be ascertained. No absolute cap on the variable pay is proposed.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    1 for3 against

Mutual fund votes, meeting of 28 Sep 2024, 3 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 Statement of the Company for the financial year ended on 31 March 2024 together with the Reports of the Directors and Auditors thereon and the Audited Consolidated Financial Statement of the Company for the financial year ended on 31 March 2024 together with the Report of the Auditors thereon.MoreLess
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual FundUnqualified Financial Statements. Non-Compliant with Companies Act, 2013 & SEBI LODR Regulations: The Company has not disclosed financials of all its subsidiaries for FY 2023-24 on its website.
    • Motilal Oswal Mutual Fundnot compliant with law.
    0 for3 against
  • To declare dividend on equity shares of the Company.
    3 for0 against
  • To appoint a Director in place of Mr. Srinivas Peddi (DIN: 09194339), who retires by rotation and being eligible, offers himself for re-appointment.
    3 for0 against
  • To increase the remunerations of the Statutory Auditors.
    3 for0 against
  • To appoint Mr. Aayush Khetawat (DIN: 06968448) as an Independent Director of the Company.
    3 for0 against
1 proposal not matched to one resolution
  • Ratification of remuneration of Rs. 50,000/- plus tax (if applicable) at actual, payable to M/s. S.K. Sahu and Associates, Cost Accountants (Firm Registration No.: 100807), as approved by the Board of Directors for conducting the audit of the Cost Records of the Company for the financial year ending on 31 March 2025.MoreLess
    3 for0 against
2 earlier meetings

Mutual fund votes, meeting of 30 Apr 2024, 2 fund houses

  • To re-appoint Mr. Subodh Agarwalla (DIN: 00339855) as the ‘Whole-time Director and Chief Executive Officer’ of the Company
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: No absolute cap on variable pay.
    0 for2 against
  • To appoint Mr. Naresh Kumar Jain (DIN: 00221519) as an Independent Director of the Company
    2 for0 against
  • To appoint Mrs. Sonal Choubey (DIN:10475331) as an Independent Director of the Company.
    2 for0 against
  • To approve the material related party transactions with Maithan Ferrous Private Limited.
    2 for0 against

Mutual fund votes, meeting of 26 Sep 2023, 1 fund house

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 Statement of the Company for the financial year ended on 31 March 2023 together with the Reports of the Directors and Auditors thereon and the Audited Consolidated Financial Statement of the Company for the financial year ended on 31 March 2023 together with the Report of the Auditors thereon.MoreLess
    1 for0 against
  • To declare dividend on equity shares of the Company
    1 for0 against
  • To appoint a Director in the place of Mr. Subodh Agarwalla (DIN: 00339855), who retires by rotation and being eligible, offers himself for re-appointment
    1 for0 against
1 proposal not matched to one resolution
  • Ratification of remuneration of Rs.50,000/-plus tax payable to M/s. S.K. Sahu and Associates, Cost Accountants (Firm Registration No.: 100807), as approved by the Board of Directors for conducting the audit of the Cost Records of the Company for the financial year ending on 31 March 2024.MoreLess
    1 for0 against

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

Fines

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltySuperintendent RANGE-IV : ASANSOL-II, DIVISION : BOLPUR : KOLKATA : CBICSince 6 Apr 2026

    Order under Section 74 of CGST and WBGST Act, 2017 has been issued against the Company imposing penalty of Rs. 7,67,602.00 .

    Irregular availment of ITC

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

Investor complaints and compliance

Quarter by quarter.

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

  • Received
  • Resolved

Open at the quarter's end

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

The company's own answers in its filing.