Marathon Nextgen Realty logo

Marathon Nextgen Realty MD, chairman, board of directors and AGM

NSE: MARATHONBSE: 503101RealtySmall Cap

Last close ₹371.75up ₹3.25 (0.88%)BSE ₹370.45

Share price at the NSE close on 23 Oct 2026. Previous close ₹368.50.

52-week range of traded prices to 23 Oct 2026
₹344.05Low, 18 Aug 2026₹662.00High, 23 Oct 2025
Market cap
₹2,507 Cr963rd largest listed
P/E
14.6
P/B
1.1
Dividend yield
0.27%
ROE
7.5%
ROCE
5.5%
Debt to equity
0.06
Volume, NSE
2,12,88948.3% delivered

Marathon Nextgen Realty 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 directorCHETAN RAMNIKLAL SHAHRelated to the promoter
  • Company Secretary and Compliance OfficerYogesh Patole

10 directors5 independent3 executive2 non-executive

  • CHETAN RAMNIKLAL SHAH · Chairperson and managing directorExecutive · joined Jul 2010 · reappointed Jul 2023 · 2 listed boards · 1 committee seat
  • MAYUR RAMNIKLAL SHAHNon-executive · joined Mar 2003 · reappointed Sep 2025 · 1 listed board
  • SHAILAJA CHETAN SHAHNon-executive · joined Mar 2015 · reappointed Sep 2024 · 1 listed board · 1 committee seat, 1 as chair
  • ATUL JAYANTILAL MEHTAIndependent · joined Feb 2020 · reappointed Feb 2025 · 76 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • ASHWIN MOHANLAL THAKKERIndependent · joined Nov 2020 · reappointed Nov 2025 · 67 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • PARUL ABHOY SHAHIndependent · joined Feb 2020 · reappointed Feb 2025 · 76 months as independent · 1 listed board · 1 as independent
  • DEEPAK RAMESHCHANDRA SHAHIndependent · joined Feb 2017 · reappointed Feb 2022 · 112 months as independent · 4 listed boards · 4 as independent · 5 committee seats, 2 as chair
  • KAIVALYA CHETAN SHAHExecutive · joined May 2024 · 1 listed board
  • SAMYAG MAYUR SHAHExecutive · joined May 2024 · 1 listed board
  • DEVENDRA JASHWANTRAI SHRIMANKERIndependent · joined May 2024 · 25 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 4 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.

Committees and meetings

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

  • Board

    • 27 May 20268 of 10 present3 independent · 63 days in between
    • 24 Mar 20268 of 10 present4 independent · 38 days in between
    • 13 Feb 20267 of 10 present4 independent

  • Audit Committee

    Chair DEEPAK RAMESHCHANDRA SHAH

    CHETAN RAMNIKLAL SHAH, ATUL JAYANTILAL MEHTA

    • 27 May 20263 of 3 present2 independent · 63 days in between
    • 24 Mar 20263 of 3 present2 independent
    • 13 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair DEEPAK RAMESHCHANDRA SHAH

    MAYUR RAMNIKLAL SHAH, PARUL ABHOY SHAH

    • 27 May 20263 of 3 present2 independent · 63 days in between

  • Stakeholders Relationship Committee

    Chair SHAILAJA CHETAN SHAH

    DEEPAK RAMESHCHANDRA SHAH, ASHWIN MOHANLAL THAKKER

    • 13 Feb 20262 of 3 present1 independent

  • Risk Management Committee

    Chair DEEPAK RAMESHCHANDRA SHAH

    CHETAN RAMNIKLAL SHAH, ATUL JAYANTILAL MEHTA

    • 13 Feb 20263 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair MAYUR RAMNIKLAL SHAH

    CHETAN RAMNIKLAL SHAH, PARUL ABHOY SHAH

    • 27 May 20263 of 3 present1 independent · 63 days in between
    • 24 Mar 20263 of 3 present1 independent · 38 days in between

  • Business Development Committee

    Chair MAYUR RAMNIKLAL SHAH

    KAIVALYA CHETAN SHAH, DEEPAK RAMESHCHANDRA SHAH

    No meeting listed in the filing.

  • Operations Committee

    Chair MAYUR RAMNIKLAL SHAH

    KAIVALYA CHETAN SHAH, DEEPAK RAMESHCHANDRA SHAH

    No meeting listed in the filing.

  • Independent Directors

    • 24 Mar 20264 of 5 present4 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.

  • M/s. Rajendra and CoPeer-review certificate valid to Aug 2027

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.

Marathon Nextgen Realty 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.Marathon Nextgen Realty dividend history

Annual general meeting, 28 Sep 2026

15,114 shareholders on the register on 22 Sep 2026; present: 10 promoters and 26 others; votes counted by Pushpal Sanghavi / M P Sanghavi & Associates LLP, Company Secretaries.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt - a. Audited 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. b. Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Auditors thereon.MoreLess
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 69.77% · promoters 98.77% · institutions 59.07% · other public 14.92%

  2. To consider and declare the final dividend of 20% i.e. Rs. 1/- per equity share on a face value of Rs. 5/- each for the financial year ended 31 March 2026.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 69.77% · promoters 98.77% · institutions 59.07% · other public 14.92%

  3. To appoint a director in place of Mr. Kaivalya Chetan Shah (DIN: 03262973), who retires by rotation, and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 69.77% · promoters 98.77% · institutions 59.07% · other public 14.92%

  4. To appoint a director in place of Mr. Samyag Mayur Shah (DIN: 06884897), who retires by rotation, and being eligible, offers himself for re-appointment.
    Ordinary
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 1.61% · other public 0.02%

    Turnout: all 69.77% · promoters 98.77% · institutions 59.07% · other public 14.92%

  5. To ratify the remuneration of Cost Auditors for the financial year ending 31 March 2027
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 69.77% · promoters 98.77% · institutions 59.07% · other public 14.92%

  6. To approve the Material Related Party Transaction with Marathon Realty Private Limited (MRPL)
    SpecialPromoters have an interest in it
    98.79% for1.21% against

    Against: promoters 0.00% · institutions 1.61% · other public 0.21%

    Turnout: all 14.07% · promoters 0.00% · institutions 59.07% · other public 14.92%

  7. To approve the Material Related Party Transaction with Subsidiary / Joint Venture Companies
    SpecialPromoters have an interest in it
    98.79% for1.21% against

    Against: promoters 0.00% · institutions 1.61% · other public 0.21%

    Turnout: all 14.07% · promoters 0.00% · institutions 59.07% · other public 14.92%

  8. To approve the Material Related Party Transaction between Subsidiary Companies where the Company is not a party
    OrdinaryPromoters have an interest in it
    98.79% for1.21% against

    Against: promoters 0.00% · institutions 1.61% · other public 0.21%

    Turnout: all 14.07% · promoters 0.00% · institutions 59.07% · other public 14.92%

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.

Meeting called by the tribunal, 7 Sep 2026, 1 resolution

14,235 shareholders on the register on 26 May 2026; present: 9 promoters and 29 others; votes counted by Bhumika Shah / Bhumika & Co. Company Secretaries.The company's voting result (opens in a new tab)

  1. Approval of Composite Scheme of Amalgamation and Arrangement amongst Matrix Water Management Private Limited (Transferor Company 1), Sanvo Resorts Private Limited (Transferor Company 2), Marathon Realty Private Limited (Demerged Company 1), Matrix Enclaves Projects Developments Private Limited (Demerged Company 2), Matrix Land Hub Private Limited (Demerged Company 3), Marathon Nextgen Realty Limited (Transferee Company/ Resulting Company 1) and Marathon Energy Private Limited (Resulting Company 2)MoreLess
    Special
    99.81% for0.19% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.78%

    Turnout: all 73.11% · promoters 98.77% · institutions 0.00% · other public 39.89%

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, 24 Sep 2025, 8 resolutions

15,852 shareholders on the register on 19 Sep 2025; present: 10 promoters and 31 others; votes counted by PUSHPAL SANGHAVI / M P SANGHAVI & ASSOCIATES LLP.The company's voting result (opens in a new tab)

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

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

    Turnout: all 73.19% · promoters 99.29% · institutions 58.34% · other public 21.14%

  2. To approve re-appointment of Mr. Mayur R. Shah (DIN. 00135504), Director liable to Retire by Rotation and being eligible offered himself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.45% · promoters 97.96% · institutions 58.34% · other public 21.14%

  3. To consider and declare Final Dividend of 20% i.e. Re. 1 per equity share on face value of Rs. 5/- each for the financial year ended March 31, 2025 as recommended by the Board.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.19% · promoters 99.29% · institutions 58.34% · other public 21.14%

  4. Ratification of remuneration of Cost Auditor
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.19% · promoters 99.29% · institutions 58.34% · other public 21.14%

  5. To appoint M/s. M P Sanghavi & Associates LLP, Company Secretaries as Secretarial Auditor of the Company for a term of five consecutive years
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.19% · promoters 99.29% · institutions 58.34% · other public 21.14%

  6. To approve the re-appointment of Mr. Ashwin Mohanlal Thakker, (DIN: 00686966) as an Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.05% · other public 0.02%

    Turnout: all 73.13% · promoters 99.29% · institutions 58.34% · other public 20.84%

  7. To approve continuation of tenure of Mr. Chetan R. Shah as Chairman and Managing Director of the Company on attaining the age of 70 (Seventy) years
    Special
    100.00% for0.00% against

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

    Turnout: all 73.19% · promoters 99.29% · institutions 58.34% · other public 21.14%

  8. Approval of transactions under Section 185 of the Companies Act 2013
    SpecialPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.05% · other public 0.02%

    Turnout: all 17.67% · promoters 0.00% · institutions 58.34% · other public 21.14%

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 Dec 2024, 3 resolutions

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

  1. To enhance the existing limit of fund raising, earlier approved by the shareholders,nfrom Rs. 500 Crores to Rs. 1000 crores, in one or more tranches by way of issuance ofnequity shares and/or equity linked securities. nMoreLess
    Special
    99.99% for0.01% against

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

    Turnout: all 81.15% · promoters 99.29% · institutions 58.36% · other public 24.37%

  2. To re-appoint Mr. Atul J. Mehta (DIN: 08697102) as an Independent Director of thenCompany for a second term of consecutive 5 (five) years. n
    Special
    99.99% for0.01% against

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

    Turnout: all 81.15% · promoters 99.29% · institutions 58.36% · other public 24.37%

  3. To re-appoint Mrs. Parul A. Shah (DIN: 02899386) as an Independent Director of thenCompany for a second term of 5 (five) consecutive years
    Special
    99.99% for0.01% against

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

    Turnout: all 81.15% · promoters 99.29% · institutions 58.36% · other public 24.37%

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, 25 Sep 2024, 3 resolutions

Present: 9 promoters and 31 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt.na. Audited Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon.nb. Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.98% · promoters 98.76% · institutions 41.21% · other public 15.35%

  2. To approve re-appointment of Mrs. Shailaja C Shah (DIN: 00215042), Director liable to Retire by Rotation and being eligible offered herself for re-appointment
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.98% · promoters 98.76% · institutions 41.21% · other public 15.35%

  3. Declaration of Final Dividend on Equity Shares for the Financial Year ended March 31, 2024:nTo consider and declare Final Dividend of 20% i.e. Re. 1 per equity share on face value of Rs. 5/- each for the financial year ended March 31, 2024 as recommended by the Board.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.98% · promoters 98.76% · institutions 41.21% · other public 15.35%

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 Jul 2024, 9 resolutions

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

  1. Appointment of Mr. Kaivalya C Shah (DIN No: 03262973) as a Director of the Company
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

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

    Turnout: all 4.41% · promoters 0.00% · institutions 65.50% · other public 14.37%

  2. Appointment of Mr. Kaivalya C Shah (DIN No: 03262973) as a Whole-Time Director of the Company
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

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

    Turnout: all 4.41% · promoters 0.00% · institutions 65.50% · other public 14.37%

  3. Appointment of Mr. Samyag M Shah (DIN No: 06884897) as a Director of the Company
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

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

    Turnout: all 4.41% · promoters 0.00% · institutions 65.50% · other public 14.37%

  4. Appointment of Mr. Samyag M Shah (DIN No: 06884897), as a Whole-Time Director of the Company
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

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

    Turnout: all 4.41% · promoters 0.00% · institutions 65.50% · other public 14.37%

  5. Appointment of Mr. Devendra Shrimanker (DIN: 00385083) as an Independent Director
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.12% · promoters 98.09% · institutions 65.50% · other public 16.31%

  6. Increase in Authorised Share Capital of the Company and consequential amendment in Memorandum of Association of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.12% · promoters 98.09% · institutions 65.50% · other public 16.31%

  7. To consider and approve proposal for fund raising in one or more tranches by way of issuance of equity shares and/or equity linked securities
    Special
    100.00% for0.00% against

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

    Turnout: all 77.12% · promoters 98.09% · institutions 65.50% · other public 16.31%

  8. To ratify remuneration paid to M/s. Manish Shukla & Associates, Cost Accountants as Cost Auditor of the Company for FY 2022-23
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.12% · promoters 98.09% · institutions 65.50% · other public 16.31%

  9. To ratify remuneration payable to M/s. Manish Shukla & Associates, Cost Accountants as Cost Auditor of the Company for FY 2023-24
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.12% · promoters 98.09% · institutions 65.50% · other public 16.31%

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

Postal ballot, 19 Mar 2024, 2 resolutions

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

  1. To delete the entire Clauses Nos. 89 (i) to 92.17, including the entire First Schedule – Part - A & Part - B upto Sl. no 26, appearing in the Articles of Association of the Company
    Special
    99.99% for0.01% against

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

    Turnout: all 78.36% · promoters 98.63% · institutions 0.00% · other public 21.63%

  2. To add the “Borrowing Clause” as Sl. No.19 under Sl. No. B - Matters which are necessary for furtherance of the Objects specified in Clause III (A)
    Special
    99.99% for0.01% against

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

    Turnout: all 78.36% · promoters 98.63% · institutions 0.00% · other public 21.63%

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 2023, 8 resolutions

Present: 6 promoters and 47 others.The company's voting result (opens in a new tab)

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

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

    Turnout: all 78.32% · promoters 100.00% · institutions 0.00% · other public 15.32%

  2. To appoint a Director in place of Mr. Mayur R Shah (DIN: 00135504), who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 78.34% · promoters 100.00% · institutions 0.00% · other public 15.37%

  3. To declare final dividend on equity shares of the Company for the Financial Year 2022-23.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 78.34% · promoters 100.00% · institutions 0.00% · other public 15.37%

  4. Re-appointment of Mr. Chetan R Shah as Managing Director with remuneration for a further period of 5 years from July 01, 2023
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

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

    Turnout: all 3.97% · promoters 0.00% · institutions 0.00% · other public 15.52%

  5. Approval of the appointment of Mr. Kaivalya C Shah for the Office or place of Profit in the Company - Sec 188 of the CA 2013
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

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

    Turnout: all 3.97% · promoters 0.00% · institutions 0.00% · other public 15.52%

  6. Approval of the appointment of Mr. Samyag M Shah for the Office or place of Profit in the Company, sec 188 of the CA 2013
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

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

    Turnout: all 3.97% · promoters 0.00% · institutions 0.00% · other public 15.52%

  7. Approval of transactions under Section 185 of the Companies Act 2013
    OrdinaryPromoters have an interest in it
    98.94% for1.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.06%

    Turnout: all 3.97% · promoters 0.00% · institutions 0.00% · other public 15.52%

  8. To consider and approve related party transaction for acquisition upto 90,000 equity shares of M/s. Nexzone Fiscal Services Pvt Ltd (NFSPL), a Marathon Group Company
    SpecialPromoters have an interest in it
    98.94% for1.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.06%

    Turnout: all 3.97% · promoters 0.00% · institutions 0.00% · other public 15.52%

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

How mutual funds voted

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

Mutual fund votes, meeting of 24 Sep 2025, 2 fund houses

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

  • To receive, consider and adopt - a. Audited Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon. b. Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Auditors thereon.MoreLess
    2 for0 against
  • To approve re-appointment of Mr. Mayur R. Shah (DIN. 00135504), Director liable to Retire by Rotation and being eligible offered himself for re-appointment.
    2 for0 against
  • To consider and declare Final Dividend of 20% i.e. Re. 1 per equity share on face value of Rs. 5/- each for the financial year ended March 31, 2025 as recommended by the Board.
    2 for0 against
  • Ratification of remuneration of Cost Auditor
    2 for0 against
  • To appoint M/s. M P Sanghavi & Associates LLP, Company Secretaries as Secretarial Auditor of the Company for a term of five consecutive years
    2 for0 against
  • To approve the re-appointment of Mr. Ashwin Mohanlal Thakker, (DIN: 00686966) as an Independent Director of the Company.
    2 for0 against
  • To approve continuation of tenure of Mr. Chetan R. Shah as Chairman and Managing Director of the Company on attaining the age of 70 (Seventy) years
    2 for0 against
  • Approval of transactions under Section 185 of the Companies Act 2013
    1 for0 against
1 proposal not matched to one resolution
  • To advance loan and / or giving of guarantee(s), and / or providing of security(ies) in connection with any loan taken / to be taken from financial institutions / banks / insurance companies / other investing agencies or any other person(s) / bodies corporate/entities to the Sanvo Resorts Private Limited, Subsidiary Company for an aggregate outstanding amount not exceeding to an amount Rs. 400 Crore, Nexzone Fiscal Services Private Limited Subsidiary Company for an aggregate outstanding amount not exceeding to an amount Rs. 300 Crore and United Builders Entities over which Subsidiaries or (KMP) or their relatives, exercise significant influence for an aggregate outstanding amount not exceeding to an amount Rs. 40 Crore, entities covered from time to time under the category of a person in whom any of the director of the company is interested as specified in the explanation to sub-section (1) of the said section.MoreLess
    1 for0 against

Mutual fund votes, meeting of 14 Dec 2024, 2 fund houses

  • To enhance the existing limit of fund raising, earlier approved by the shareholders,nfrom Rs. 500 Crores to Rs. 1000 crores, in one or more tranches by way of issuance ofnequity shares and/or equity linked securities. nMoreLess
    2 for0 against
  • To re-appoint Mr. Atul J. Mehta (DIN: 08697102) as an Independent Director of thenCompany for a second term of consecutive 5 (five) years. n
    2 for0 against
  • To re-appoint Mrs. Parul A. Shah (DIN: 02899386) as an Independent Director of thenCompany for a second term of 5 (five) consecutive years
    2 for0 against
2 earlier meetings

Mutual fund votes, meeting of 25 Sep 2024, 2 fund houses

  • To receive, consider and adopt.na. Audited Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon.nb. Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Auditors thereonMoreLess
    2 for0 against
  • To approve re-appointment of Mrs. Shailaja C Shah (DIN: 00215042), Director liable to Retire by Rotation and being eligible offered herself for re-appointment
    2 for0 against
  • Declaration of Final Dividend on Equity Shares for the Financial Year ended March 31, 2024:nTo consider and declare Final Dividend of 20% i.e. Re. 1 per equity share on face value of Rs. 5/- each for the financial year ended March 31, 2024 as recommended by the Board.MoreLess
    2 for0 against

Mutual fund votes, meeting of 28 Jul 2024, 1 fund house

  • Appointment of Mr. Kaivalya C Shah (DIN No: 03262973) as a Director of the Company
    1 for0 against
  • Appointment of Mr. Kaivalya C Shah (DIN No: 03262973) as a Whole-Time Director of the Company
    1 for0 against
  • Appointment of Mr. Samyag M Shah (DIN No: 06884897) as a Director of the Company
    1 for0 against
  • Appointment of Mr. Samyag M Shah (DIN No: 06884897), as a Whole-Time Director of the Company
    1 for0 against
  • Appointment of Mr. Devendra Shrimanker (DIN: 00385083) as an Independent Director
    1 for0 against
  • Increase in Authorised Share Capital of the Company and consequential amendment in Memorandum of Association of the Company
    1 for0 against
  • To consider and approve proposal for fund raising in one or more tranches by way of issuance of equity shares and/or equity linked securities
    1 for0 against
  • To ratify remuneration paid to M/s. Manish Shukla & Associates, Cost Accountants as Cost Auditor of the Company for FY 2022-23
    1 for0 against
  • To ratify remuneration payable to M/s. Manish Shukla & Associates, Cost Accountants as Cost Auditor of the Company for FY 2023-24
    1 for0 against

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

Investor complaints and compliance

Quarter by quarter.

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

  • Received
  • Resolved

Open at the quarter's end

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

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Sep 2026.

RaisedAmount raisedForSet asideSpentSpent elsewhere
QIPJul 2025, checked by India Ratings & Research Private Limited900.00Investment in Subsidiaries to fund certain of their Ongoing Projects160.00154.08No
QIPJul 2025, checked by India Ratings & Research Private Limited900.00Repayment / pre-payment, in full or in part, of certain outstanding borrowings availed by our Company and/or certain of our Subsidiaries, through investment in such subsidiaries340.00340.36No
QIPJul 2025, checked by India Ratings & Research Private Limited900.00Acquisition of land or land development rights300.00102.48No
QIPJul 2025, checked by India Ratings & Research Private Limited900.00General corporate purposes89.6588.38No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.