Marine Electricals (India) logo

Marine Electricals (India) MD, chairman, board of directors and AGM

NSE: MARINEIndustrial ManufacturingSmall Cap

Last close ₹394.45down ₹20.95 (5.04%)

Share price at the NSE close on 23 Oct 2026. Previous close ₹415.40.

52-week range of traded prices to 23 Oct 2026
₹150.86Low, 30 Mar 2026₹490.85High, 7 Oct 2026
Market cap
₹5,520 Cr995th largest listed
P/E
86.2
P/B
11.2
Dividend yield
0.08%
ROE
14.3%
ROCE
15.3%
Debt to equity
0.17
Volume, NSE
19,68,25752.6% delivered

Marine Electricals (India) 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

  • ChairpersonVinay Uchil
  • Managing directorVenkatesh Uchil
  • Company Secretary and Compliance OfficerDeep Shah

8 directors4 independent3 executive1 non-executive

  • Vinay Uchil · ChairpersonExecutive · joined Dec 2007 · reappointed Aug 2024 · 1 listed board
  • Venkatesh Uchil · Managing directorExecutive · joined Dec 2007 · reappointed Aug 2024 · 1 listed board · 1 committee seat
  • Shailendra ShuklaExecutive · joined Dec 2018 · 1 listed board · 1 committee seat
  • Madan PendseIndependent · joined Jul 2018 · reappointed Jul 2023 · 95 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • Nikunj MishraIndependent · joined Jul 2018 · reappointed Jul 2023 · 95 months as independent · 1 listed board · 1 as independent
  • Vikas JaywantIndependent · joined Feb 2020 · reappointed Feb 2025 · 76 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Tanuja PudhierkarNon-executive · joined Aug 2018 · 1 listed board
  • Archana Venkata RajagopalanIndependent · joined Feb 2021 · reappointed Feb 2024 · 61 months as independent · 1 listed board · 1 as independent

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
  • Mohan Rao, left 29 May 2026: Tenure Completion

Committees and meetings

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

  • Board

    • 27 May 20269 of 9 present9 independent · 104 days in between
    • 11 Feb 20268 of 9 present5 independent

  • Audit Committee

    Chair Madan Pendse

    Venkatesh Uchil, Vikas Jaywant

    • 27 May 20263 of 3 present2 independent · 104 days in between
    • 11 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Nikunj Mishra

    Archana Venkata Rajagopalan, Vinay Uchil

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Madan Pendse

    Shailendra Shukla

    • 27 May 20263 of 3 present2 independent

  • Risk Management Committee

    Chair Vinay Uchil

    Archana Venkata Rajagopalan

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    • 27 May 20264 of 4 present2 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 Jun 2026.

  • Saini Pati Shah & Co LLPPeer-review certificate valid to Apr 2027
1 earlier auditor
  • SAINI PATI SHAH AND CONamed in filings from Sep 2025 to Dec 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.

Marine Electricals (India) 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.Marine Electricals (India) dividend history

Annual general meeting, 30 Sep 2026

87,491 shareholders on the register on 23 Sep 2026; present: 4 promoters and 48 others; votes counted by Jigarkumar Gandhi / JNG & CO. LLP.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone as well as Consolidated 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 thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.38% · promoters 100.00% · institutions 28.49% · other public 5.32%

  2. To Declare Final Dividend of Rs 0.30/- equity shares for the Financial Year 2025-26:
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.38% · promoters 100.00% · institutions 28.49% · other public 5.32%

  3. To appoint a Director in place of Mr. Venkatesh Uchil (DIN: 01282671), who retires by rotation and being eligible offers herself for re-appointment:
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.38% · promoters 100.00% · institutions 28.49% · other public 5.32%

  4. Appointment of Mr. Shanmugam Nagarajan 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 70.38% · promoters 100.00% · institutions 28.49% · other public 5.32%

  5. To ratify the remuneration of the cost Auditor for the financial year ending 31st March, 2027
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.38% · promoters 100.00% · institutions 28.49% · other public 5.32%

  6. Approval for change in object of utilization of funds amounting to Rs. 149.22 crore raised via preferential allotment of shares
    SpecialNot passedRecorded as not passed although most votes were for it; no reason is given
    100.00% for0.00% against

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

    Turnout: all 70.38% · promoters 100.00% · institutions 28.49% · other public 5.32%

  7. Approval for Direct listing of equity shares of the company on the Main Board of BSE Limited
    Special
    100.00% for0.00% against

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

    Turnout: all 70.38% · promoters 100.00% · institutions 28.49% · other public 5.32%

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.

Annual general meeting, 29 Sep 2025, 6 resolutions

97,752 shareholders on the register on 20 Sep 2025; present: 10 promoters and 80 others; votes counted by Jigarkumar Gandhi / JNG & CO. LLP.The company's voting result (opens in a new tab)

  1. To Receive Consider and adopt the audited standalone as well as Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025 together with the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.02% · promoters 99.98% · institutions 0.00% · other public 5.00%

  2. To Declare Final Dividend of Rs 0.30/- equity shares for the Financial Year 2024-2025
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.02% · promoters 99.98% · institutions 0.00% · other public 5.00%

  3. To appoint a Director in place of Mrs. Tanuja Pudhierkar DIN 08190742, who retires by rotation and being eligible offers herself for re-appointment and in this regard to consider and if thought fit to pass the following resolution as an ORDINARY RESOLUTIONMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.02% · promoters 99.98% · institutions 0.00% · other public 5.00%

  4. APPOINTMENT OF Messrs. R. BHANDARI and CO. AS SECRETARIAL AUDITOR OF THE COMPANY
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.02% · promoters 99.98% · institutions 0.00% · other public 5.00%

  5. TO APPROVE REVISION IN REMUNERATION OF MR. VINAY UCHIL DIN 01276871, CHAIRMAN and EXECUTIVE DIRECTOR OF THE COMPANY.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.35%

    Turnout: all 70.02% · promoters 99.98% · institutions 0.00% · other public 5.00%

  6. TO APPROVE REVISION IN REMUNERATION OF MR. VENKATESH UCHIL DIN 01282671, MANAGING DIRECTOR OF THE COMPANY.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.35%

    Turnout: all 70.02% · promoters 99.98% · institutions 0.00% · other public 5.00%

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

Annual general meeting, 27 Sep 2024, 8 resolutions

Present: 5 promoters and 44 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company (Standalone and Consolidated) for the financial year ended 31st March, 2024 together with the reports of the Board of Directors and the Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  2. To Declare Final Dividend on equity shares of the Company for the Financial Year ended 31¿¿ March, 2024
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  3. To appoint a Director in place of Mr. Shailendra Shukla (DIN: 08049885), 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 0.14%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  4. To Consider Re-Appointment Of Mr. Vinay Uchil (Din: 01276871) As A Chairman And Executive Director And Fixation Of Remuneration
    Special
    100.00% for0.00% against

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

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  5. To Consider Re-Appointment Of Mr. Venkatesh Uchil (Din: 01282671) As An Managing Director And Fixation Of Remuneration.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  6. To Consider Re-Appointment Of Mr. Vikas Jaywant (Din: 06607484) As An Independent Director For A Second And Final Term Of 3 (Three) Years Effective From 23Rd February, 2025 Till 22Nd February, 2028.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  7. To Consider Re-Appointment Of Mr. Shailendra Shukla (Din: 08049885) As Executive Director.n
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  8. To Approve Material Realted Party Transaction
    OrdinaryPromoters have an interest in it
    99.91% for0.09% against

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

    Turnout: all 2.10% · promoters 0.00% · institutions 100.00% · other public 100.00%

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, 17 Aug 2024, 2 resolutions

Present: 3 promoters and 40 others.The company's voting result (opens in a new tab)

  1. ISSUE OF EQUITY SHARES ON PREFERENTIAL BASIS:
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 73.57% · promoters 99.83% · institutions 0.00% · other public 8.73%

  2. ISSUE OF CONVERTIBLE WARRANTS ON PREFRENTIAL BASIS
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 73.69% · promoters 99.83% · institutions 0.00% · other public 9.15%

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, 8 resolutions

Present: 5 promoters and 50 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company (Standalone and Consolidated) for the financial year ended 31st March, 2023 together with the reports of the Board of Directors and the Auditors Thereon.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.53%

    Turnout: all 73.61% · promoters 99.47% · institutions 0.00% · other public 0.64%

  2. To appoint a Director in place of Dr. Tanuja Pudhierkar (DIN:08190742), who retires by rotation and being eligible offers herself for re-appointment
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.74%

    Turnout: all 73.61% · promoters 99.47% · institutions 0.00% · other public 0.64%

  3. Re-Appointment of Saini Pati Shah & Co LLP, Chartered Accountants as Statutory Auditors of the Company for consecutive term of five years
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.67%

    Turnout: all 73.61% · promoters 99.47% · institutions 0.00% · other public 0.64%

  4. To consider Re-appointment of Ms. Archana Venkata Rajagopalan (DIN: 09077128) as an Independent Director for a second and final term of 5 (five) years effective from 23rd February, 2024 till 22nd February, 2029.MoreLess
    Special
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 43.31%

    Turnout: all 73.61% · promoters 99.47% · institutions 0.00% · other public 0.64%

  5. To approve revision in remuneration of Mr. Vinay Uchil (DIN: 01276871), Chairman & Executive Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.07%

    Turnout: all 73.61% · promoters 99.47% · institutions 0.00% · other public 0.64%

  6. To approve revision in remuneration of Mr. Venkatesh Uchil (DIN: 01282671), Managing Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.14%

    Turnout: all 73.61% · promoters 99.47% · institutions 0.00% · other public 0.64%

  7. Approve Material Related Party Transactions
    OrdinaryPromoters have an interest in it
    55.49% for44.51% against

    Against: promoters 0.00% · institutions 0.00% · other public 44.51%

    Turnout: all 0.17% · promoters 0.00% · institutions 0.00% · other public 0.64%

  8. To consider and approve revised limits for transactions under Section 185 of Companies Act, 2013
    Special
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 43.25%

    Turnout: all 73.61% · promoters 99.47% · institutions 0.00% · other public 0.64%

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, 19 Sep 2022, 8 resolutions

Present: 5 promoters and 39 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statement of the Company (Standalone and Consolidated Financial Statement) for the financial year ended 31st March, 2022 together with the reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.31%

    Turnout: all 73.69% · promoters 99.83% · institutions 0.00% · other public 0.40%

  2. To appoint a Director in place of Dr. Tanuja Pudhierkar (DIN:08190742), who retires by rotation and being eligible offers herself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.62%

    Turnout: all 73.69% · promoters 99.83% · institutions 0.00% · other public 0.40%

  3. To consider re-appointment of Mr. Madan Pendse (DIN: 07650301) as an Independent Director for a second and final term of 3 (three) years effective from 11th July, 2023 till 10th July, 2026 and continuation of directorship after attainment of 75 years of age.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.01%

    Turnout: all 73.69% · promoters 99.83% · institutions 0.00% · other public 0.40%

  4. To consider re-appointment of Mr. Nikunj Mishra (DIN: 03589730) as an Independent Director for a second and final term of 5 (five) years effective from 11th July, 2023 till 10th July, 2028.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.08%

    Turnout: all 73.69% · promoters 99.83% · institutions 0.00% · other public 0.40%

  5. To consider re-appointment of Mr. Mohan Rao (DIN: 02592294) as an Independent Director for a second and final term of 3 (three) years effective from 30th May, 2023 till 29th May, 2026 and continuation of directorship after attainment of 75 years of age.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.62%

    Turnout: all 73.69% · promoters 99.83% · institutions 0.00% · other public 0.40%

  6. . To consider and approve change in Designation of Mr. Shailendra Shukla (DIN: 08049885) from Non Executive Non Independent Director to Executive Director.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.46%

    Turnout: all 73.69% · promoters 99.83% · institutions 0.00% · other public 0.40%

  7. Alteration of the Clause 4(ii) of the Articles of Association of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.51%

    Turnout: all 73.69% · promoters 99.83% · institutions 0.00% · other public 0.40%

  8. Issue of Convertible Warrants on Preferential Basis.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.91%

    Turnout: all 73.69% · promoters 99.83% · institutions 0.00% · other public 0.40%

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, 28 Sep 2021, 6 resolutions

Present: 4 promoters and 33 others.The company's voting result (opens in a new tab)

  1. To Receive, Consider and Adopt the Audited Financial Statement of the Company (including the Consolidated Financial Statement) for the financial year ended 31St March, 2021 together with the reports of the Board of Directors and the Auditors ThereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.27% · promoters 100.00% · institutions 0.00% · other public 6.62%

  2. To Declare Final Dividend on equity shares of the Company for the Financial Year ended 31st March, 2021.(The Board of Directors of The Company at their Meeting held on 7th June, 2021 Recommended Dividend of Rs. 0.2 (I.e. 10%) Per Equity Share of Fully Paid Up Face Value of Rs. 2.00 each for the above financial year)MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.27% · promoters 100.00% · institutions 0.00% · other public 6.62%

  3. To appoint a Director in place of Dr. Tanuja Pudhierkar (DIN:08190742), who retires by rotation and being eligible offers herself for re-ppointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 75.27% · promoters 100.00% · institutions 0.00% · other public 6.62%

  4. To appoint Ms. Archana Venkata Rajagopalan (DIN: 09077128) as Non-Executive Independent Director of the Company
    Ordinary
    99.98% for0.02% against

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

    Turnout: all 75.27% · promoters 100.00% · institutions 0.00% · other public 6.62%

  5. To Re- Appoint Mr. Vinay Uchil (DIN: 01276871) as Chairman and Executive Director and fixation of remuneration
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.24%

    Turnout: all 75.27% · promoters 100.00% · institutions 0.00% · other public 6.62%

  6. To Re-Appoint Mr. Venkatesh Uchil (DIN: 01282671) as Managing Director and fixation of Remuneration
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.20%

    Turnout: all 75.27% · promoters 100.00% · institutions 0.00% · other public 6.62%

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 Feb 2021, 2 resolutions

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

  1. Sub-Division of Equity Shares of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.05% · promoters 100.00% · institutions 0.00% · other public 13.34%

  2. Alteration of the Capital Clause in the Memorandum of Association of the Company Consequent to the Sub-Division of the Equity Shares of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.05% · promoters 100.00% · institutions 0.00% · other public 13.34%

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

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 Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesSep 2024, checked by ICRA LIMITED149.22General Corporate Purpose (“GCP”)36.571.39No
Preferential IssuesSep 2024, checked by ICRA LIMITED149.22Repayment of secured loans12.470.00No
Preferential IssuesSep 2024, checked by ICRA LIMITED149.22Strategic acquisitions20.000.00No
Preferential IssuesSep 2024, checked by ICRA LIMITED149.22Long-term working capital requirements77.295.73No
₹ 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.