MM Forgings CEO, MD, chairman, board of directors and AGM
NSE: MMFLBSE: 522241Auto ComponentsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹487.35.
- 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.
- ₹2,316 Cr1,129th 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 9 Oct 2026
- 13.7
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: 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, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹56 crore of one-off items, the largest of them in the quarter to Jun 2026.
- 20.5
- 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 9 Oct 2026
- 2.4
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.83%
- 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 9 Oct 2026
- 18.1%
- ROE without one-offsReturn on equity without one-off items. Core profit, 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 less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹56 crore of one-off items, the largest of them in the quarter to Jun 2026.
- 12.1%
- 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 9 Oct 2026
- 8.4%
- 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 9 Oct 2026
- 1.10
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,07,12848.8% delivered
MM Forgings board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing director and CEOKRISHNAN VIDYA SHANKAR
- Company Secretary and Compliance OfficerS.MUTHUKRISHNAN
10 directors5 independent4 executive1 non-executive
- KRISHNAN VIDYA SHANKAR · Chairperson and managing director and CEOExecutive · joined Apr 1997 · reappointed Sep 2023 · 1 listed board · 2 committee seats
- K VenkatramananExecutive · joined Apr 1997 · reappointed Sep 2023 · 1 listed board · 1 committee seat
- Sumita VidyashankarNon-executive · joined Aug 2021 · reappointed Sep 2021 · 1 listed board · 2 committee seats
- SHANKAR SUBRAMANIAN ATHREYAIndependent · joined Aug 2023 · reappointed Aug 2023 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- SRINIVASAN KRISHNAKUMARIndependent · joined Mar 2024 · reappointed Mar 2024 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- SUBRAMANIAN RIndependent · joined Mar 2024 · reappointed Mar 2024 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Hari SankaranIndependent · joined Apr 2024 · reappointed Apr 2024 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat
- RAMNATH NAGARAJANExecutive · joined Apr 2024 · reappointed Apr 2024 · 1 listed board · 1 as independent
- KRISHNAKUMAR RAMANExecutive · joined Apr 2024 · reappointed Apr 2024 · 1 listed board · 1 as independent
- RAMA SIVARAMANIndependent · joined Mar 2025 · reappointed Mar 2025 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats
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
- Kavitha Vijay, left 31 Mar 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 14 Aug 20268 of 10 present4 independent · 78 days in between
- 27 May 20269 of 10 present4 independent
Audit Committee
Chair SHANKAR SUBRAMANIAN ATHREYA
KRISHNAN VIDYA SHANKAR, Sumita Vidyashankar, SRINIVASAN KRISHNAKUMAR, SUBRAMANIAN R, Hari Sankaran, RAMA SIVARAMAN
- 14 Aug 20266 of 7 present4 independent · 79 days in between
- 26 May 20266 of 7 present4 independent
Nomination and remuneration committee
Chair SHANKAR SUBRAMANIAN ATHREYA
Sumita Vidyashankar, SRINIVASAN KRISHNAKUMAR, SUBRAMANIAN R, Hari Sankaran, RAMA SIVARAMAN
- 14 Aug 20265 of 6 present4 independent · 78 days in between
- 27 May 20265 of 6 present4 independent
Stakeholders Relationship Committee
Chair SRINIVASAN KRISHNAKUMAR
KRISHNAN VIDYA SHANKAR, K Venkatramanan, Sumita Vidyashankar, SHANKAR SUBRAMANIAN ATHREYA, RAMA SIVARAMAN
- 14 Aug 20264 of 6 present2 independent · 78 days in between
- 27 May 20266 of 6 present3 independent
Risk Management Committee
Chair KRISHNAN VIDYA SHANKAR
K Venkatramanan, RAMNATH NAGARAJAN, Sumita Vidyashankar, SHANKAR SUBRAMANIAN ATHREYA, SRINIVASAN KRISHNAKUMAR, SUBRAMANIAN R, Hari Sankaran, KRISHNAKUMAR RAMAN, RAMA SIVARAMAN
- 27 May 20269 of 10 present4 independent
Corporate Social Responsibility Committee
Chair KRISHNAN VIDYA SHANKAR
K Venkatramanan, Sumita Vidyashankar, SHANKAR SUBRAMANIAN ATHREYA, SRINIVASAN KRISHNAKUMAR, SUBRAMANIAN R
- 14 Aug 20264 of 6 present2 independent · 78 days in between
- 27 May 20265 of 6 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.
- G. RAMESH KUMAR & CO.,Peer-review certificate valid to Aug 2026
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.
MM Forgings 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.MM Forgings dividend history
Annual general meeting, 8 Aug 2026
29,660 shareholders on the register on 1 Aug 2026; present: 5 promoters and 49 others; votes counted by M Damodaran / M Damodaran & Associates LLP.The company's voting result (opens in a new tab)
To receive, consider and adopt, The audited standalone financial statements of the Company for the year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon & The audited consolidated financial statements of the Company for the year ended March 31, 2026, together with the Report of the Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 70.17% · promoters 99.94% · institutions 90.64% · other public 14.87%
- To appoint a director in place of Smt. Sumita Vidyashankar, (holding DIN 00059062) who retires by rotation and being eligible offers herself for re-appointment.Ordinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.40% · other public 0.00%
Turnout: all 70.17% · promoters 99.94% · institutions 90.64% · other public 14.87%
- To appoint a director in place of Shri. Ramnath Nagarajan, (holding DIN 00081516) who retires by rotation and being eligible offers himself for re-appointment.Ordinary98.81% for1.19% against
Against: promoters 0.00% · institutions 9.45% · other public 0.00%
Turnout: all 70.17% · promoters 99.94% · institutions 90.64% · other public 14.87%
- Ratification of Remuneration paid to the Cost AuditorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 70.17% · promoters 99.94% · institutions 90.64% · other public 14.87%
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, 29 Apr 2026, 2 resolutions
31,567 shareholders on the register on 27 Mar 2026; votes counted by M DAMODARAN & ASSOCIATES LLP / M DAMODARAN.The company's voting result (opens in a new tab)
- Approval for increase in the Authorized Share Capital of the Company and consequent Alteration of capital clause of Memorandum of Association of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 70.48% · promoters 99.94% · institutions 95.71% · other public 13.12%
- Approval for raising of funds in one or more tranches, by issuance of equity shares and / or other securities for an agreegate amount of up to and not exceeding INR 600 croresSpecial97.84% for2.16% against
Against: promoters 0.00% · institutions 15.56% · other public 0.00%
Turnout: all 70.48% · promoters 99.94% · institutions 95.71% · other public 13.12%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 6 Aug 2025, 5 resolutions
36,589 shareholders on the register on 31 Jul 2025; present: 5 promoters and 61 others; votes counted by M Damodaran / M Damodaran & Associates LLP.The company's voting result (opens in a new tab)
To receive, consider and adopt, The audited standalone financial statements of the Company for the year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon & The audited consolidated financial statements of the Company for the year ended March 31, 2025, together with the Report of the Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 67.39% · promoters 99.94% · institutions 92.85% · other public 5.32%
- To declare final dividend on the equity shares of the Company for the financial year ended 31 March 2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 67.39% · promoters 99.94% · institutions 92.85% · other public 5.32%
- To appoint a director in place of Shri. K. Venkatramanan, (holding DIN 00823317) who retires by rotation and being eligible offers himself for re-appointment.Ordinary99.83% for0.17% against
Against: promoters 0.00% · institutions 1.24% · other public 0.00%
Turnout: all 67.39% · promoters 99.94% · institutions 92.85% · other public 5.32%
- Appointment of Secretarial AuditorOrdinary99.83% for0.17% against
Against: promoters 0.00% · institutions 1.24% · other public 0.06%
Turnout: all 67.39% · promoters 99.94% · institutions 92.85% · other public 5.32%
- Ratification of Remuneration paid to the Cost AuditorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 67.39% · promoters 99.94% · institutions 92.85% · 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.
Postal ballot, 8 May 2025, 1 resolution
35,151 shareholders on the register on 4 May 2025; votes counted by M DAMODARAN / DAMODARAN.The company's voting result (opens in a new tab)
- Approving the appointment of Smt. Rama Sivaraman as Non-Executive Independent DirectorSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 72.09% · promoters 99.94% · institutions 95.94% · other public 14.72%
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, 8 Jul 2024, 5 resolutions
Present: 7 promoters and 54 others.The company's voting result (opens in a new tab)
To receive, consider and adopt, The audited standalone financial statements of the Company for the year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon & The audited consolidated financial statements of the Company for the year ended March 31, 2024, together with the Report of the Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 72.44% · promoters 99.94% · institutions 87.03% · other public 14.47%
- To appoint a director in place of Shri. Vidyashankar Krishnan, (holding DIN No. 00081441) who retires by rotation and being eligible offers himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 72.44% · promoters 99.94% · institutions 87.03% · other public 14.47%
- Increase in the Authorized Share Capital of the Company and consequent Alteration of capital clause of Memorandum of Association of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 72.44% · promoters 99.94% · institutions 87.03% · other public 14.47%
- Approval of Issue of Bonus shares by way of capitalisation of ReservesOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 72.44% · promoters 99.94% · institutions 87.03% · other public 14.47%
- Ratification of Remuneration paid to the Cost AuditorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 72.44% · promoters 99.94% · institutions 87.03% · other public 14.47%
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 Mar 2024, 4 resolutions
The company's voting result (opens in a new tab)
- Approving the appointment of Shri. Ramnath Nagarajan as a Director in the rank of Whole-Time Director of the Company for a period of five years commencing from 01 April 2024Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 77.26% · promoters 99.94% · institutions 96.36% · other public 20.84%
- Approving the appointment of Shri. Krishnakumar Raman as a Director in the rank of Whole-Time Director of the Company for a period of five years commencing from 01 April 2024Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 77.26% · promoters 99.94% · institutions 96.36% · other public 20.84%
- Approving the appointment of Shri. S. Krishnakumar as Non Executive Independent Director effective 08 March 2024, for a period of five yearsSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 77.26% · promoters 99.94% · institutions 96.36% · other public 20.84%
- Approving the appointment of Shri. Subramanian Radhakrishnan as Non Executive Independent Director, effective 08 March 2024, for a period of five yearsSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 77.26% · promoters 99.94% · institutions 96.36% · other public 20.84%
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, 11 Aug 2023, 9 resolutions
Present: 7 promoters and 59 others.The company's voting result (opens in a new tab)
To receive, consider and adopt, The audited standalone financial statements of the Company for the year ended March 31, 2023, together with the Reports of the Board of Directors and the Auditors tereon & The audited consolidated financial statements of the Company for the year ended March 31, 2023, together with the Report of the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 77.83% · promoters 99.94% · institutions 99.04% · other public 16.66%
- To appoint a director in place of Smt. Sumita Vidyashankar, (holding DIN No. 00059062) who retires by rotation and being eligible offers herself for re-appointmentOrdinary98.81% for1.19% against
Against: promoters 0.00% · institutions 5.42% · other public 0.00%
Turnout: all 77.83% · promoters 99.94% · institutions 99.04% · other public 16.66%
- Approving the Adoption of new set of Articles of Association of the CompanySpecial97.80% for2.20% against
Against: promoters 0.00% · institutions 10.01% · other public 0.00%
Turnout: all 77.83% · promoters 99.94% · institutions 99.04% · other public 16.66%
- Approving the re-appointment of Shri. Vidyashankar Krishnan as Vice Chairman and Managing Director of the Company for a further period of five years commencing from 01 September 2023Special86.54% for13.46% against
Against: promoters 0.00% · institutions 61.17% · other public 0.00%
Turnout: all 77.83% · promoters 99.94% · institutions 99.04% · other public 16.66%
- Approving the re-appointment of Shri. K. Venkatramanan as Joint Managing Director of the Company for a further period of five years commencing from 01 September 2023Special86.54% for13.46% against
Against: promoters 0.00% · institutions 61.17% · other public 0.00%
Turnout: all 77.83% · promoters 99.94% · institutions 99.04% · other public 16.66%
- Approving the appointment of Shri. Shankar Athreya as a Non-Executive Independent DirectorSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 77.83% · promoters 99.94% · institutions 99.04% · other public 16.66%
- Approving the appointment of Shri. Hari Sankaran as a Non-Executive Independent DirectorSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 77.83% · promoters 99.94% · institutions 99.04% · other public 16.66%
Approval for giving loan or guarantee or providing security in connection with loan availed by any of the Company’s Subsidiary (ies) or any other person specified under Section 185 of the Companies Act, 2013MoreLess
Special95.39% for4.61% againstAgainst: promoters 0.00% · institutions 20.91% · other public 0.09%
Turnout: all 77.83% · promoters 99.94% · institutions 99.04% · other public 16.66%
- Ratification of Remuneration paid to the Cost AuditorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 77.83% · promoters 99.94% · institutions 99.04% · other public 16.66%
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, 4 Jul 2022, 6 resolutions
Present: 8 promoters and 66 others.The company's voting result (opens in a new tab)
- Adoption of Audited Financial Statements including the Consolidated Financial Statements for the year ended 31st March 2022 and the Board’s and Auditors Report thereonOrdinary99.74% for0.26% against
Against: promoters 0.00% · institutions 1.13% · other public 0.00%
Turnout: all 78.73% · promoters 99.94% · institutions 95.69% · other public 16.94%
- Re-appointment of Shri. K. Venkatramanan (DIN 00823317) as Director, who retires by rotation.OrdinaryPromoters have an interest in it99.18% for0.82% against
Against: promoters 0.00% · institutions 3.54% · other public 0.00%
Turnout: all 78.73% · promoters 99.94% · institutions 95.69% · other public 16.94%
- Appointment of M/s. G Ramesh Kumar & Co., Chartered Accountants, (FRN 003010S) as Statutory Auditor of the CompanyOrdinary98.91% for1.09% against
Against: promoters 0.00% · institutions 4.68% · other public 0.00%
Turnout: all 78.73% · promoters 99.94% · institutions 95.69% · other public 16.94%
- Change in Object Clause of the Memorandum of Association of the Company, to append sub-clause (f) in clause III (1) of the Memorandum of Association of CompanySpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.28%
Turnout: all 78.73% · promoters 99.94% · institutions 95.69% · other public 16.94%
- Change in Object Clause of the Memorandum of Association of the Company, to append sub clause (g) in clause III (1) of the Memorandum of Association of CompanySpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.28%
Turnout: all 78.73% · promoters 99.94% · institutions 95.69% · other public 16.94%
- Ratification of Remuneration paid to Mr. S. Hariharan, Cost Auditor (CP. No. 20864)Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.28%
Turnout: all 78.73% · promoters 99.94% · institutions 95.69% · other public 16.94%
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 8 Aug 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)
To receive, consider and adopt, The audited standalone financial statements of the Company for the year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon & The audited consolidated financial statements of the Company for the year ended March 31, 2026, together with the Report of the Auditors thereonMoreLess
2 for0 against- To appoint a director in place of Smt. Sumita Vidyashankar, (holding DIN 00059062) who retires by rotation and being eligible offers herself for re-appointment.2 for0 against
- To appoint a director in place of Shri. Ramnath Nagarajan, (holding DIN 00081516) who retires by rotation and being eligible offers himself for re-appointment.2 for0 against
- Ratification of Remuneration paid to the Cost Auditor2 for0 against
Mutual fund votes, meeting of 29 Apr 2026, 4 fund houses
- Approval for increase in the Authorized Share Capital of the Company and consequent Alteration of capital clause of Memorandum of Association of the Company4 for0 against
- Approval for raising of funds in one or more tranches, by issuance of equity shares and / or other securities for an agreegate amount of up to and not exceeding INR 600 crores
Against Groww Mutual Fund
- Groww Mutual FundCompliant with law. Governance Concern: Excessive dilution, however, no clarity regarding why the rights issue is not preferred, and no adequate justification for fundraising.
3 for1 against
6 earlier meetings
Mutual fund votes, meeting of 6 Aug 2025, 5 fund houses
To receive, consider and adopt, The audited standalone financial statements of the Company for the year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon & The audited consolidated financial statements of the Company for the year ended March 31, 2025, together with the Report of the Auditors thereonMoreLess
5 for0 against- To declare final dividend on the equity shares of the Company for the financial year ended 31 March 2025.5 for0 against
- To appoint a director in place of Shri. K. Venkatramanan, (holding DIN 00823317) who retires by rotation and being eligible offers himself for re-appointment.
Against Motilal Oswal Mutual Fund, Navi Mutual Fund
- Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: Skewed remuneration practice towards Promoter directors of the Company.
3 for2 against - Appointment of Secretarial Auditor
Against Motilal Oswal Mutual Fund, Navi Mutual Fund
- Motilal Oswal Mutual Fund, Navi Mutual FundNon-Compliant with SEBI (LODR) Regulations: Proposed audit fee payable to Secretarial Auditors not disclosed.
3 for2 against - Ratification of Remuneration paid to the Cost Auditor5 for0 against
Mutual fund votes, meeting of 8 May 2025, 4 fund houses
- Approving the appointment of Smt. Rama Sivaraman as Non-Executive Independent Director4 for0 against
Mutual fund votes, meeting of 8 Jul 2024, 6 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 statements of the Company for the year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon & The audited consolidated financial statements of the Company for the year ended March 31, 2024, together with the Report of the Auditors thereonMoreLess
5 for0 against- To appoint a director in place of Shri. Vidyashankar Krishnan, (holding DIN No. 00081441) who retires by rotation and being eligible offers himself for re-appointment5 for0 against
- Increase in the Authorized Share Capital of the Company and consequent Alteration of capital clause of Memorandum of Association of the Company5 for0 against
- Approval of Issue of Bonus shares by way of capitalisation of Reserves2 for0 against
- Ratification of Remuneration paid to the Cost Auditor5 for0 against
6 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
- Item 5, as a fund house numbered it1 for0 against
To capitalization of such sum standing to the credit of General Reserve account or such other account as may be considered necessary by the Board of Directors of the Company (hereinafter referred to as the Board, which term shall be deemed to include any Committee constituted by the Board or any person(s) authorized by the Board in this regard) for distribution among the members of existing fully paid equity shares of Rs. 10/- each of the Company, issue of fully paid up bonus shares of Rs. 10 each in the proportion of One equity share for every One equity share held by the members of the Company whose names appear in the Register of Members maintained by the Company/ List of Beneficial Owners of the Depository as on the record date to be determined by the Board, for this purpose, and that the new bonus equity shares so issued and allotted shall, for all purposes, be treated as an increase in the paid-up capital of the Company held by each such Member.MoreLess
3 for0 against
Mutual fund votes, meeting of 21 Mar 2024, 6 fund houses
- Approving the appointment of Shri. Ramnath Nagarajan as a Director in the rank of Whole-Time Director of the Company for a period of five years commencing from 01 April 20246 for0 against
- Approving the appointment of Shri. Krishnakumar Raman as a Director in the rank of Whole-Time Director of the Company for a period of five years commencing from 01 April 20246 for0 against
- Approving the appointment of Shri. S. Krishnakumar as Non Executive Independent Director effective 08 March 2024, for a period of five years6 for0 against
- Approving the appointment of Shri. Subramanian Radhakrishnan as Non Executive Independent Director, effective 08 March 2024, for a period of five years6 for0 against
Mutual fund votes, meeting of 11 Aug 2023, 8 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 statements of the Company for the year ended March 31, 2023, together with the Reports of the Board of Directors and the Auditors tereon & The audited consolidated financial statements of the Company for the year ended March 31, 2023, together with the Report of the Auditors thereon.MoreLess
6 for0 against- To appoint a director in place of Smt. Sumita Vidyashankar, (holding DIN No. 00059062) who retires by rotation and being eligible offers herself for re-appointment8 for0 against
- Approving the Adoption of new set of Articles of Association of the Company
Against LIC Mutual Fund, PGIM India Mutual Fund
- LIC Mutual Fund, PGIM India Mutual FundCompliant with law. Governance Concern: Enabling Clause relating to Appointment of Managing Director as Chairperson of the Board & appointment of Alternate Director.
6 for2 against - Approving the re-appointment of Shri. Vidyashankar Krishnan as Vice Chairman and Managing Director of the Company for a further period of five years commencing from 01 September 2023
Against HDFC Mutual Fund, HSBC Mutual Fund, LIC Mutual Fund, PGIM India Mutual Fund, Sundaram Mutual Fund
- HDFC Mutual FundThe proposed remuneration is high considering the size and complexity of the business
- HSBC Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns: Vidyashankar Krishnan 's proposed pay is deemed high and positioned aggressively, compared to industry peers. The company has failed to specify the commission rate for which Vidyashankar Krishnan is entitled to receive as part of his remuneration. There are no disclosures on the threshold and target performance that he needs to achieve to determine the commission element.
- LIC Mutual Fund, PGIM India Mutual FundCompliant with law. Governance Concern: No absolute cap on variable pay or total pay.
- Sundaram Mutual FundReappoint Vidyashankar Krishnan (DIN: 00081441) as Vice Chairperson and Managing Director for five years from 1 September 2023 and fix his remuneration as minimum remuneration
3 for5 against - Approving the re-appointment of Shri. K. Venkatramanan as Joint Managing Director of the Company for a further period of five years commencing from 01 September 2023
Against HDFC Mutual Fund, HSBC Mutual Fund, LIC Mutual Fund, PGIM India Mutual Fund, Sundaram Mutual Fund
- HDFC Mutual FundThe proposed remuneration is high considering the size and complexity of the business
- HSBC Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns: K. Venkatramanan's proposed pay is deemed high and positioned aggressively, compared to industry peers. The company has failed to specify the commission rate for which Krishnan Venkatramanan is entitled to receive as part of his remuneration. There are no disclosures on the threshold and target performance that he needs to achieve to determine the commission element.
- LIC Mutual Fund, PGIM India Mutual FundCompliant with law. Governance Concern: No absolute cap on variable pay or total pay.
- Sundaram Mutual FundReappoint K. Venkataraman (DIN: 00823317) as Joint Managing Director for five years from 1 September 2023 and fix his remuneration as minimum remuneration
2 for5 against - Approving the appointment of Shri. Shankar Athreya as a Non-Executive Independent Director8 for0 against
- Approving the appointment of Shri. Hari Sankaran as a Non-Executive Independent Director8 for0 against
Approval for giving loan or guarantee or providing security in connection with loan availed by any of the Company’s Subsidiary (ies) or any other person specified under Section 185 of the Companies Act, 2013MoreLess
Against LIC Mutual Fund, PGIM India Mutual Fund, Sundaram Mutual Fund
- LIC Mutual Fund, PGIM India Mutual FundNon-compliant: Non-disclosure of full particulars as required under Section 185(2) of Companies Act, 2013
- Sundaram Mutual FundApprove loan, guarantee or security to entities in which directors are interested upto Rs. 7.5 bn under Section 185 of the Companies Act, 2013
3 for3 against- Ratification of Remuneration paid to the Cost Auditor8 for0 against
3 proposals not matched to one resolution
- Accept Financial Statements and Statutory Reports2 for0 against
- Approve Loans, Guarantees, Securities and/or Investments to Subsidiaries, Joint Ventures and Associate Companies2 for0 against
- Reappoint K. Venkataraman (DIN: 00823317) as Joint Managing Director for five years from 1 September 2023 and fix his remuneration as minimum remuneration1 for0 against
Mutual fund votes, meeting of 4 Jul 2022, 5 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Adoption of Audited Financial Statements including the Consolidated Financial Statements for the year ended 31st March 2022 and the Board’s and Auditors Report thereon2 for0 against
- Re-appointment of Shri. K. Venkatramanan (DIN 00823317) as Director, who retires by rotation.5 for0 against
- Appointment of M/s. G Ramesh Kumar & Co., Chartered Accountants, (FRN 003010S) as Statutory Auditor of the Company5 for0 against
- Change in Object Clause of the Memorandum of Association of the Company, to append sub-clause (f) in clause III (1) of the Memorandum of Association of Company4 for0 against
- Change in Object Clause of the Memorandum of Association of the Company, to append sub clause (g) in clause III (1) of the Memorandum of Association of Company4 for0 against
- Ratification of Remuneration paid to Mr. S. Hariharan, Cost Auditor (CP. No. 20864)3 for0 against
5 proposals not matched to one resolution
1) a) Adoption of Audited Standalone Financial Statements for the year ended March 31, 2022 and the reports of the Directors and Auditors thereon. B) Adoption of Audited Consolidated Financial Statements for the year ended March 31, 2022 and Auditors report thereon.MoreLess
1 for0 against- Approve alteration of the Object Clause [Clause III (1) (f)] of the Memorandum of Association (MoA)1 for0 against
- Approve alteration of the Object Clause [Clause III (1) (g)] of the Memorandum of Association (MoA)1 for0 against
Re-appointment of Shri. S. Hariharan, (CP No. 20864) Cost Accountant, Tiruchirappalli, as Cost Auditor to audit the cost records maintained by the Company for the Financial Year 2022-23 on a remuneration of Rs.60,000 plus out of pocket expenses of Rs.15,000, totalling Rs.75,000 and future remuneration as may be decided by the Board be and is hereby ratified.MoreLess
2 for0 againstTo receive, consider and adopt a. the audited standalone financial statements of the Company for the financial year ended March 31, 2022, together with the Reports of the Board of Directors and the Auditors thereon. b. the audited consolidated financial statements of the Company for the financial year ended March 31, 2022, together with the Report of the Auditors thereon.MoreLess
2 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
- 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
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.