Share price at the NSE close on 23 Oct 2026. Previous close ₹1,034.30.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹10,106 Cr530th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 30 Jul 2026
- 14.1
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 14 May 2026
- 1.6
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 2.93%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 30 Jul 2026
- 11.6%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 30 Jul 2026
- 13.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 14 May 2026
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 5,90,80264.2% delivered
Mahanagar Gas 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
- ChairpersonDeepak GuptaRelated to the promoter
- Managing directorPraveer Kumar Srivastava
- Company Secretary and Compliance OfficerAtul Prabhu
8 directors4 independent2 executive2 non-executive
- Deepak Gupta · ChairpersonNon-executive · joined Mar 2026 · reappointed Mar 2026 · 3 listed boards · 1 committee seat
- Praveer Kumar Srivastava · Managing directorExecutive · joined Apr 2026 · reappointed Apr 2026 · 1 listed board · 2 committee seats
- Ajay SinhaExecutive · joined Aug 2025 · reappointed Aug 2025 · 1 listed board · 1 committee seat
- Anbalagan PonnusamyNominee, non-executive · joined Jan 2025 · reappointed Jan 2025 · 1 listed board
- Malvika Sahni SinhaIndependent · joined Aug 2021 · reappointed Aug 2024 · 58 months as independent · 3 listed boards · 3 as independent · 6 committee seats
- Pankaj KuchhalIndependent · joined Aug 2025 · reappointed Aug 2025 · 10 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- Harish Kumar AgarwalIndependent · joined Aug 2024 · reappointed Aug 2024 · 22 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Mahesh Kumar GuptaIndependent · joined Aug 2024 · reappointed Aug 2024 · 22 months as independent · 1 listed board · 1 as independent · 1 committee seat
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
5 directors who left
- Ashu Shinghal, left 30 Apr 2026: Others
- Sandeep Kumar Gupta, left 1 Mar 2026: Tenure Completion
- Syed Hussain, left 8 Sep 2025: Tenure Completion
- Sanjay Shende, left 22 Aug 2025: Tenure Completion
- Harshadeep Kamble, left 6 Jan 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 7 May 20267 of 8 present4 independent · 2 days in between
- 4 May 20267 of 8 present4 independent · 6 days in between
- 27 Apr 20267 of 8 present4 independent · 16 days in between
- 10 Apr 20268 of 8 present4 independent · 61 days in between
1 earlier meeting
- 7 Feb 20267 of 8 present4 independent
Audit Committee
Chair Harish Kumar Agarwal
Mahesh Kumar Gupta, Malvika Sahni Sinha, Praveer Kumar Srivastava
- 7 May 20264 of 4 present3 independent · 56 days in between
- 11 Mar 20264 of 4 present3 independent · 31 days in between
- 7 Feb 20264 of 4 present3 independent · 14 days in between
- 23 Jan 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Mahesh Kumar Gupta
Deepak Gupta, Pankaj Kuchhal
- 27 Apr 20263 of 3 present2 independent · 16 days in between
- 10 Apr 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Pankaj Kuchhal
Harish Kumar Agarwal, Praveer Kumar Srivastava, Ajay Sinha
No meeting listed in the filing.
Risk Management Committee
Chair Mahesh Kumar Gupta
Harish Kumar Agarwal, Malvika Sahni Sinha, Praveer Kumar Srivastava, Ajay Sinha
- 29 May 20265 of 5 present3 independent · 31 days in between
Corporate Social Responsibility Committee
Chair Malvika Sahni Sinha
Pankaj Kuchhal, Praveer Kumar Srivastava, Ajay Sinha
- 27 Apr 20264 of 4 present2 independent · 46 days in between
- 11 Mar 20264 of 4 present2 independent · 46 days in between
- 23 Jan 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 Mar 2026.
- M/s Deloitte Haskins and Sells LLPPeer-review certificate valid to Jul 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.
Mahanagar Gas 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.Mahanagar Gas dividend history
Annual general meeting, 25 Aug 2026
1,82,054 shareholders on the register on 18 Aug 2026; present: 1 promoter and 75 others; votes counted by Amit Jaste & Associates / Amit Jaste.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors’ and Auditors’ thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 5.09%
Turnout: all 84.01% · promoters 100.00% · institutions 92.50% · other public 0.23%
To confirm the Interim Dividend of Rs. 12/- per equity share, paid during the financial year ended March 31, 2026 and to declare the Final Dividend of Rs. 18/- per equity share for the financial year ended on March 31, 2026.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 1.85%
Turnout: all 84.02% · promoters 100.00% · institutions 92.52% · other public 0.23%
- To appoint a Director in place of Dr. P. Anbalagan (DIN: 05117747), who retires by rotation and being eligible, offers himself for re-appointment.Ordinary70.38% for29.62% against
Against: promoters 0.00% · institutions 48.34% · other public 4.87%
Turnout: all 84.02% · promoters 100.00% · institutions 92.52% · other public 0.23%
- Ratification of remuneration of Cost Auditors for the financial year ending March 31, 2027Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 4.17%
Turnout: all 84.02% · promoters 100.00% · institutions 92.52% · other public 0.23%
- Approval of Material Related Party Transactions of the Company with GAIL (India) LimitedOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 4.13%
Turnout: all 51.46% · promoters 0.00% · institutions 92.41% · other public 0.23%
- Payment of Commission to Independent DirectorsSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 6.73%
Turnout: all 84.02% · promoters 100.00% · institutions 92.52% · other public 0.23%
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 May 2026, 2 resolutions
1,88,434 shareholders on the register on 10 Apr 2026; votes counted by Umesh S. Pawaskar / Umesh Pawaskar & Co..The company's voting result (opens in a new tab)
- Appointment of Mr. Deepak Gupta (DIN: 09503339), Nominee of GAIL (India) Limited as the Non-Executive Non-Independent Director, designated as Chairman of the CompanyOrdinary92.73% for7.27% against
Against: promoters 0.00% · institutions 11.92% · other public 7.78%
Turnout: all 83.35% · promoters 100.00% · institutions 92.14% · other public 0.48%
- Appointment of Mr. Praveer Kumar Srivastava (DIN: 10874166) as Managing Director of the Company.Ordinary94.78% for5.22% against
Against: promoters 0.00% · institutions 8.54% · other public 17.04%
Turnout: all 83.35% · promoters 100.00% · institutions 92.14% · other public 0.48%
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, 17 Nov 2025, 2 resolutions
1,82,601 shareholders on the register on 10 Oct 2025; votes counted by Santosh Kumar Singh / Santosh Singh & Associates.The company's voting result (opens in a new tab)
- Appointment of Mr. Ajay Sinha (DIN: 08585727) as Whole-Time Director, designated as Deputy Managing Director of the CompanyOrdinary97.90% for2.10% against
Against: promoters 0.00% · institutions 3.45% · other public 10.55%
Turnout: all 83.28% · promoters 100.00% · institutions 90.05% · other public 0.31%
- Appointment of Mr. Pankaj Kuchhal (DIN: 11244143), as an Independent Director of the CompanySpecial99.82% for0.18% against
Against: promoters 0.00% · institutions 0.29% · other public 9.38%
Turnout: all 83.28% · promoters 100.00% · institutions 90.05% · other public 0.31%
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, 22 Aug 2025, 6 resolutions
1,77,545 shareholders on the register on 14 Aug 2025; present: 1 promoter and 72 others; votes counted by Santosh Kumar Singh / Santosh Singh & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the financial year ended March 31, 2025, together with the reports of the Board of Directors’ and Auditors’ thereon.MoreLess
Ordinary99.60% for0.40% againstAgainst: promoters 0.00% · institutions 0.65% · other public 3.44%
Turnout: all 83.87% · promoters 100.00% · institutions 90.01% · other public 0.26%
To confirm the Interim Dividend of Rs. 12/- per equity share, paid during the financial year ended March 31, 2025 and to declare the Final Dividend of Rs. 18/- per equity share for the financial year ended on March 31, 2025MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 3.04%
Turnout: all 83.91% · promoters 100.00% · institutions 90.07% · other public 0.26%
- To appoint a Director in place of Mr. Ashu Shinghal (DIN:08268176), who retires by rotation and being eligible, offers himself for re-appointmentOrdinary92.92% for7.09% against
Against: promoters 0.00% · institutions 11.57% · other public 5.14%
Turnout: all 83.91% · promoters 100.00% · institutions 90.07% · other public 0.26%
- To appoint M/s. M P Sanghavi & Associates LLP as Secretarial Auditors of the Company for a period of five consecutive years commencing from the financial year 2025-26 upto the financial year 2029-30Ordinary99.58% for0.42% against
Against: promoters 0.00% · institutions 0.68% · other public 4.34%
Turnout: all 83.89% · promoters 100.00% · institutions 90.03% · other public 0.25%
- Ratification of remuneration of Cost Auditors for the financial year ending March 31, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 4.92%
Turnout: all 83.91% · promoters 100.00% · institutions 90.07% · other public 0.25%
- To approve Material Related Party Transactions of the Company with GAIL (India) LimitedOrdinaryPromoters have an interest in it99.15% for0.85% against
Against: promoters 0.00% · institutions 0.84% · other public 4.73%
Turnout: all 41.41% · promoters 0.00% · institutions 72.54% · other public 0.25%
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, 18 Mar 2025, 1 resolution
1,73,644 shareholders on the register on 7 Feb 2025; votes counted by Mr. Santosh Kumar Singh / M/s. Santosh Singh & Associates.The company's voting result (opens in a new tab)
- Appointment of Dr. P. Anbalagan (DIN: 05117747), Nominee of Government of Maharashtra as a Non-Executive, Non-Independent and Nominee Director on the Board of the CompanyOrdinary98.84% for1.16% against
Against: promoters 0.00% · institutions 1.88% · other public 7.83%
Turnout: all 84.51% · promoters 100.00% · institutions 91.41% · other public 0.44%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 11 Nov 2024, 4 resolutions
The company's voting result (opens in a new tab)
- Re-appointment of Mrs. Malvika Sinha (DIN: 08373142) as an Independent Director of the CompanySpecial99.09% for0.91% against
Against: promoters 0.00% · institutions 1.45% · other public 2.47%
Turnout: all 88.11% · promoters 100.00% · institutions 93.21% · other public 0.48%
- Continuation of Mr. Syed S. Hussain (DIN: 00209117) as an Independent Director of the Company on completion of seventy five years of ageSpecial91.08% for8.92% against
Against: promoters 0.00% · institutions 14.14% · other public 9.01%
Turnout: all 88.11% · promoters 100.00% · institutions 93.21% · other public 0.48%
- Appointment of Mr. Harish Kumar Agarwal (DIN: 00074950), as an Independent Director of the CompanySpecial99.83% for0.17% against
Against: promoters 0.00% · institutions 0.26% · other public 1.99%
Turnout: all 88.11% · promoters 100.00% · institutions 93.21% · other public 0.48%
- Appointment of Mr. Mahesh Kumar Gupta (DIN: 08021365), as an Independent Director of the CompanySpecial99.83% for0.17% against
Against: promoters 0.00% · institutions 0.26% · other public 2.39%
Turnout: all 88.11% · promoters 100.00% · institutions 93.21% · other public 0.48%
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, 23 Aug 2024, 5 resolutions
Present: 1 promoter and 55 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Standalone and Consolidated Audited Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors’ and Auditors’ thereon.MoreLess
Ordinary99.88% for0.12% againstAgainst: promoters 0.00% · institutions 0.19% · other public 0.72%
Turnout: all 87.52% · promoters 100.00% · institutions 92.77% · other public 0.48%
- To confim the payment of Interim Dividend of Rs. 12/- per equity share, already paid and to declare the Final Dividend of Rs. 18/- per equity share for the financial year ended on March 31, 2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.73%
Turnout: all 87.80% · promoters 100.00% · institutions 93.24% · other public 0.48%
- To appoint a Director in place of Dr. Harshadeep S. Kamble (DIN: 07183938), who retires by rotation and being eligible, offers himself for re-appointment.Ordinary66.90% for33.10% against
Against: promoters 0.00% · institutions 52.59% · other public 2.21%
Turnout: all 87.80% · promoters 100.00% · institutions 93.24% · other public 0.48%
- Ratification of remuneration of Cost Auditors for the financial year 2024-25.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.35%
Turnout: all 87.80% · promoters 100.00% · institutions 93.24% · other public 0.48%
- Approval of Material Related Party Transactions with GAIL (India) LimitedOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.19%
Turnout: all 55.30% · promoters 0.00% · institutions 93.24% · other public 0.48%
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, 21 Jan 2024, 1 resolution
The company's voting result (opens in a new tab)
- Appointment of Mr. Sandeep Kumar Gupta (DIN: 07570165), nominee of GAIL (India) Limited (GAIL) as the Non-Executive Non-Independent Director, designated as Chairman of the Company.Ordinary88.24% for11.76% against
Against: promoters 0.00% · institutions 19.04% · other public 2.49%
Turnout: all 85.18% · promoters 100.00% · institutions 90.83% · other public 0.77%
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 25 Aug 2026, 10 fund houses so far (houses' deadline to file 15 Oct 2026)
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors’ and Auditors’ thereonMoreLess
10 for0 againstTo confirm the Interim Dividend of Rs. 12/- per equity share, paid during the financial year ended March 31, 2026 and to declare the Final Dividend of Rs. 18/- per equity share for the financial year ended on March 31, 2026.MoreLess
10 for0 against- To appoint a Director in place of Dr. P. Anbalagan (DIN: 05117747), who retires by rotation and being eligible, offers himself for re-appointment.
Against Angel One Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund, Sundaram Mutual Fund
- Angel One Mutual FundGovernance concern: Low attendance at Board meetings and no justification provided for leave of absence.
- DSP Mutual FundDr. P. Anbalagan, 54, is an IAS Officer, Maharashtra cadre and is currently serving as the Principal Secretary – Industries, Investment and Services Department, Government of Maharashtra. He was the former Chairperson and Managing Director of MahaGenco, a state-run power generation company. He has more than 24 years of experience working with the Government of Maharashtra on several assignments. He was appointed as the Nominee Director of Government of Maharashtra on 28 January 2025. He retires by rotation and his reappointment is in line with the statutory requirements.He attended one out of three (33%) board meetings held in FY27 till the date of AGM notice, one out of seven (14%) board meetings in FY26 and one (100%) board meeting held in FY25. He attended three out of eleven (27%) board meetings across his tenure in the last two financial years. His aggregate attendance since his appointment is stood at 27%, which is well below the minimum threshold of 75%. We expect the directors to attend all board meetings and maintain at least 75% attendance over a trailing three-year period. Given his poor attendance, we do not support this resolution.
- Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of proposed appointee. Governance concern: Low attendance at Board meetings and no justification provided for leave of absence.
- Jio BlackRock Mutual Fund, Sundaram Mutual FundDr. P. Anbalagan, 54, is an IAS Officer, Maharashtra cadre and is currently serving as the Principal Secretary – Industries, Investment and Services Department, Government of Maharashtra. He was the former Chairperson and Managing Director of MahaGenco, a state-run power generation company. He has more than 24 years of experience working with the Government of Maharashtra on several assignments. He was appointed as the Nominee Director of Government of Maharashtra on 28 January 2025. He retires by rotation and his reappointment is in line with the statutory requirements. He attended one out of three (33%) board meetings held in FY27 till the date of AGM notice, one out of seven (14%) board meetings in FY26 and one (100%) board meeting held in FY25. He attended three out of eleven (27%) board meetings across his tenure in the last two financial years. His aggregate attendance since his appointment is stood at 27%, which is well below the minimum threshold of 75%. We expect the directors to attend all board meetings and maintain at least 75% attendance over a trailing three-year period. Given his poor attendance, we do not support this resolution.
4 for6 against - Ratification of remuneration of Cost Auditors for the financial year ending March 31, 20276 for0 against
- Approval of Material Related Party Transactions of the Company with GAIL (India) Limited10 for0 against
- Payment of Commission to Independent Directors10 for0 against
2 proposals not matched to one resolution
- 4) Ratify remuneration of Rs. 350,000 payable to ABK & Associates, as cost auditors for FY271 for0 against
- Ratify remuneration of Rs. 350,000 payable to ABK & Associates, as cost auditors for FY273 for0 against
Mutual fund votes, meeting of 19 May 2026, 26 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Appointment of Mr. Deepak Gupta (DIN: 09503339), Nominee of GAIL (India) Limited as the Non-Executive Non-Independent Director, designated as Chairman of the Company25 for0 against
- Appointment of Mr. Praveer Kumar Srivastava (DIN: 10874166) as Managing Director of the Company.26 for0 against
1 proposal not matched to one resolution
- Item 1, as a fund house numbered it1 for0 against
6 earlier meetings
Mutual fund votes, meeting of 17 Nov 2025, 27 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Appointment of Mr. Ajay Sinha (DIN: 08585727) as Whole-Time Director, designated as Deputy Managing Director of the Company26 for0 against
- Appointment of Mr. Pankaj Kuchhal (DIN: 11244143), as an Independent Director of the Company27 for0 against
1 proposal not matched to one resolution
- Item 1, as a fund house numbered it1 for0 against
Mutual fund votes, meeting of 22 Aug 2025, 25 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 Financial Statements (Standalone and Consolidated) of the Company for the financial year ended March 31, 2025, together with the reports of the Board of Directors’ and Auditors’ thereon.MoreLess
24 for0 againstTo confirm the Interim Dividend of Rs. 12/- per equity share, paid during the financial year ended March 31, 2025 and to declare the Final Dividend of Rs. 18/- per equity share for the financial year ended on March 31, 2025MoreLess
24 for0 against- To appoint a Director in place of Mr. Ashu Shinghal (DIN:08268176), who retires by rotation and being eligible, offers himself for re-appointment25 for0 against
- To appoint M/s. M P Sanghavi & Associates LLP as Secretarial Auditors of the Company for a period of five consecutive years commencing from the financial year 2025-26 upto the financial year 2029-30
Against Groww Mutual Fund
- Groww Mutual FundCompliant with law. No concern on the merits of proposed Auditors. Transparency concern: Previous auditors’ remuneration not disclosed to ascertain any material change in the Audit fee.
24 for1 against - Ratification of remuneration of Cost Auditors for the financial year ending March 31, 202624 for0 against
- To approve Material Related Party Transactions of the Company with GAIL (India) Limited
Against Groww Mutual Fund
- Groww Mutual FundCompliant with law. Governance & Transparency Concern: Inadequate disclosures.
24 for1 against
3 proposals not matched to one resolution
- Item 1, as a fund house numbered it1 for0 against
- Item 2, as a fund house numbered it1 for0 against
- Item 5, as a fund house numbered it1 for0 against
Mutual fund votes, meeting of 18 Mar 2025, 27 fund houses
- Appointment of Dr. P. Anbalagan (DIN: 05117747), Nominee of Government of Maharashtra as a Non-Executive, Non-Independent and Nominee Director on the Board of the Company27 for0 against
Mutual fund votes, meeting of 11 Nov 2024, 21 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Re-appointment of Mrs. Malvika Sinha (DIN: 08373142) as an Independent Director of the Company
Against Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual FundNo concern identified on the merit of proposed appointee. Non-Compliant: Re-appointment is not in accordance with law. Prior approval of shareholders is not obtained for re-appointment as an ID.
- Nippon India Mutual FundPrior approval of shareholders is not obtained for re-appointment as an ID.
14 for6 against - Continuation of Mr. Syed S. Hussain (DIN: 00209117) as an Independent Director of the Company on completion of seventy five years of age20 for0 against
- Appointment of Mr. Harish Kumar Agarwal (DIN: 00074950), as an Independent Director of the Company20 for0 against
- Appointment of Mr. Mahesh Kumar Gupta (DIN: 08021365), as an Independent Director of the Company20 for0 against
4 proposals not matched to one resolution
- Item 1, as a fund house numbered it1 for0 against
- Item 2, as a fund house numbered it1 for0 against
- Item 3, as a fund house numbered it1 for0 against
- Item 4, as a fund house numbered it1 for0 against
Mutual fund votes, meeting of 23 Aug 2024, 21 fund houses
To receive, consider and adopt the Standalone and Consolidated Audited Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors’ and Auditors’ thereon.MoreLess
21 for0 against- To confim the payment of Interim Dividend of Rs. 12/- per equity share, already paid and to declare the Final Dividend of Rs. 18/- per equity share for the financial year ended on March 31, 2024.21 for0 against
- To appoint a Director in place of Dr. Harshadeep S. Kamble (DIN: 07183938), who retires by rotation and being eligible, offers himself for re-appointment.
Against Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, DSP Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, Invesco Mutual Fund, JM Financial Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, NJ Mutual Fund
- Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, JM Financial Mutual Fund, Nippon India Mutual FundCompliant with law. Governance Concern: Low attendance at Board meetings.
- DSP Mutual FundDr. Harshadeep Kamble, 54, is the Principal Secretary (Industries), Government of Maharashtra and chairs the Prime Minister Employment Generation Scheme and Export Committee of Maharashtra. He is a nominee of the Government of Maharashtra, which holds 10% equity stake in the company as on 30 June 2024. He was appointed as Non-Executive Non-Independent Director on 11 November 2022. He has attended 27% (3 out of 11) board meetings held in FY24 and 27% (4 out of 15) board meetings held since his appointment. We expect directors to attend all board meetings, and at the very least 75% board meetings. Therefore, we are unable to support his reappointment.
- HSBC Mutual FundWe have concerns about insufficient independence on the board. We have concerns about the director's attendance at board meetings. We are voting against this longest serving non-executive male director as we have concerns about insufficient gender diversity of the board.
- Invesco Mutual FundDr. Harshadeep Kamble, 54, is the Principal Secretary (Industries), Government of Maharashtra and chairs the Prime Minister Employment Generation Scheme and Export Committee of Maharashtra. He is a nominee of the Government of Maharashtra, which holds 10% equity stake in the company as on 30 June 2024. He was appointed as Non-Executive Non-Independent Director on 11 November 2022. He has attended 27% (3 out of 11) board meetings held in FY24 and 27% (4 out of 15) board meetings held since his appointment. We expect directors to attend all board meetings, and at the very least 75% board meetings. Therefore, we are unable to support his reappointment
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
- Motilal Oswal Mutual FundLow Attendance.
- NJ Mutual FundDr. Harshadeep Kamble, 54, is the Principal Secretary (Industries), Government of Maharashtra and chairs the Prime Minister Employment Generation Scheme and Export Committee of Maharashtra. He is a nominee of the Government of Maharashtra, which holds 10% equity stake in the company as on 30 June 2024. He was appointed as Non-Executive Non- Independent Director on 11 November 2022. He has attended 27% (3 out of 11) board meetings held in FY24 and 27% (4 out of 15) board meetings held since his appointment. We expect directors to attend all board meetings, and at the very least 75% board meetings. Therefore, we are unable to support his reappointment.
10 for11 against - Ratification of remuneration of Cost Auditors for the financial year 2024-25.21 for0 against
- Approval of Material Related Party Transactions with GAIL (India) Limited21 for0 against
Mutual fund votes, meeting of 21 Jan 2024, 18 fund houses
- Appointment of Mr. Sandeep Kumar Gupta (DIN: 07570165), nominee of GAIL (India) Limited (GAIL) as the Non-Executive Non-Independent Director, designated as Chairman of the Company.18 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 disputeCommissioner CGST and Central Excise Appeals II MumbaiSince 7 Aug 2025
The Company has filed Writ Petition at Mumbai High court and case was listed for first hearing on June 19, 2026. Next hearing is schedule on August 17, 2026. The Company will take further course of action basis final outcome in writ petition filed.MoreLess
At the filing before: The Company shall file an appeal against the said Order with GST Appellate Tribunal on or before June 30, 2026 Or follow alternate remedy that may be available.
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- Yes
The company's own answers in its filing.