Mtar Technologies logo

Mtar Technologies MD, chairman, board of directors and AGM

NSE: MTARTECHBSE: 543270Electrical EquipmentSmall Cap

Last close ₹6,460.00down ₹340.00 (5.00%)BSE ₹6,453.30

Share price at the NSE close on 23 Oct 2026. Previous close ₹6,800.00.

52-week range of traded prices to 23 Oct 2026
₹2,149.50Low, 23 Oct 2025₹8,714.00High, 19 Jun 2026
Market cap
₹19,871 Cr423rd largest listed
P/E
148.9
P/B
24.2
Dividend yield
Nonein the last 12 months
ROE
17.2%
ROCE
16.1%
Debt to equity
0.45
Volume, NSE
1,44,77659.0% delivered

Mtar Technologies 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

  • ChairpersonSUBBU VENKATA RAMA BEHARA
  • Managing directorPARVAT SRINIVAS REDDY
  • Company Secretary and Compliance OfficerPriyanka Agarwal

9 directors5 independent3 executive1 non-executive

  • SUBBU VENKATA RAMA BEHARA · ChairpersonIndependent · joined Dec 2020 · reappointed Dec 2023 · 69 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • PARVAT SRINIVAS REDDY · Managing directorExecutive · joined Sep 2020 · reappointed Sep 2023 · 2 listed boards · 1 committee seat
  • KRISHNA KUMAR ARAVAMUDANIndependent · joined Dec 2020 · reappointed Dec 2023 · 69 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 1 as chair
  • GNANA SEKARAN VENKATASAMYIndependent · joined Dec 2020 · reappointed Dec 2023 · 69 months as independent · 2 listed boards · 2 as independent · 1 committee seat
  • AMEETA CHATTERJEEIndependent · joined Dec 2020 · reappointed Dec 2023 · 69 months as independent · 2 listed boards · 2 as independent · 2 committee seats
  • ROHITH LOKA REDDYNon-executive · joined Feb 2025 · 2 listed boards
  • UDAYMITRA CHANDRAKANT MUKTIBODHIndependent · joined Dec 2020 · reappointed Dec 2023 · 69 months as independent · 2 listed boards · 2 as independent · 1 committee seat
  • PRAVEEN KUMAR REDDY AKEPATIExecutive · joined Aug 2022 · 1 listed board
  • ANUSHMAN REDDYExecutive · joined Aug 2022 · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • VENKATASATISHKUMAR REDDY GANGAPATNAM, left 13 Dec 2024: Others

Committees and meetings

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

  • Board

    • 29 Jul 20268 of 9 present5 independent · 77 days in between
    • 12 May 20268 of 9 present4 independent

  • Audit Committee

    Chair KRISHNA KUMAR ARAVAMUDAN

    AMEETA CHATTERJEE, SUBBU VENKATA RAMA BEHARA

    • 29 Jul 20263 of 3 present3 independent · 77 days in between
    • 12 May 20262 of 3 present2 independent · no day in between

  • Nomination and remuneration committee

    Chair AMEETA CHATTERJEE

    SUBBU VENKATA RAMA BEHARA, KRISHNA KUMAR ARAVAMUDAN

    • 29 Jul 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair SUBBU VENKATA RAMA BEHARA

    KRISHNA KUMAR ARAVAMUDAN, GNANA SEKARAN VENKATASAMY

    No meeting listed in the filing.

  • Risk Management Committee

    Chair SUBBU VENKATA RAMA BEHARA

    GNANA SEKARAN VENKATASAMY, UDAYMITRA CHANDRAKANT MUKTIBODH, KRISHNA KUMAR ARAVAMUDAN, AMEETA CHATTERJEE

    • 11 May 20264 of 5 present4 independent

  • Corporate Social Responsibility Committee

    Chair UDAYMITRA CHANDRAKANT MUKTIBODH

    GNANA SEKARAN VENKATASAMY, ANUSHMAN REDDY

    • 12 May 20263 of 3 present2 independent

  • Technology Committee

    Chair GNANA SEKARAN VENKATASAMY

    UDAYMITRA CHANDRAKANT MUKTIBODH, SUBBU VENKATA RAMA BEHARA, PARVAT SRINIVAS REDDY

    No meeting listed in the filing.

  • Independent Directors Meeting

    • 29 Jul 20265 of 5 present5 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.

  • S.R. Batliboi & AssociatesPeer-review certificate valid to Jul 2027
1 earlier auditor
  • S. R. Batliboi and Associates LLPNamed in the filing for the quarter to Mar 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.

Mtar Technologies 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.Mtar Technologies dividend history

Annual general meeting, 28 Sep 2026

2,70,107 shareholders on the register on 21 Sep 2026; present: 8 promoters and 60 others; votes counted by S. Sarweswara Reddy / S.S Reddy & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider, approve and adopt the Standalone and Consolidated Audited Balance Sheet as at 31st March, 2026, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date together with the Notes attached thereto, along with the Report of Auditors and Directors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.50% · promoters 90.29% · institutions 82.49% · other public 0.30%

  2. To appoint a director in place of Mr. Rohith Loka Reddy (DIN: 06464331) who retires by rotation and being eligible, offered himself for re-appointment. (Brief Profile: Annexure A to this Notice)
    Ordinary
    97.23% for2.77% against

    Against: promoters 0.00% · institutions 4.63% · other public 1.98%

    Turnout: all 65.76% · promoters 90.29% · institutions 83.05% · other public 0.30%

  3. To appoint a director in place of Mr. Anushman Reddy (DIN: 08104131) who retires by rotation and being eligible, offered himself for re-appointment. (Brief Profile: Annexure A to this Notice).
    Ordinary
    98.13% for1.87% against

    Against: promoters 0.00% · institutions 3.12% · other public 1.97%

    Turnout: all 65.76% · promoters 90.29% · institutions 83.05% · other public 0.30%

  4. Ratification of payment of remuneration to the Cost Auditor for three Financial Years 2026-27, 2027-28 & 2028-29
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.45%

    Turnout: all 65.76% · promoters 90.29% · institutions 83.05% · other public 0.30%

  5. To increase the limits of borrowing by the board of directors of the Company under section 180(1)(c) of the Companies Act, 2013.
    Special
    99.18% for0.82% against

    Against: promoters 0.00% · institutions 1.36% · other public 1.41%

    Turnout: all 65.76% · promoters 90.29% · institutions 83.05% · other public 0.30%

  6. To seek approval under section 180(1)(a) of the Companies Act, 2013 inter alia for creation of mortgage or charge on the assets, properties or undertaking(s) of the Company
    Special
    99.18% for0.82% against

    Against: promoters 0.00% · institutions 1.36% · other public 2.04%

    Turnout: all 65.76% · promoters 90.29% · institutions 83.05% · other public 0.30%

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, 20 Mar 2026, 3 resolutions

2,15,035 shareholders on the register on 13 Feb 2026; votes counted by S. Sarweswara Reddy / S. S. Reddy & Associates.The company's voting result (opens in a new tab)

  1. To increase the limits of borrowing by the board of directors of the Company under Section 180(1)(c) of the Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.58%

    Turnout: all 62.68% · promoters 86.25% · institutions 83.11% · other public 0.45%

  2. To seek approval under section 180(1)(a) of the Companies Act, 2013 inter alia for creation of mortgage or charge on the assets, properties or undertaking(s) of the Company:
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 16.38%

    Turnout: all 62.68% · promoters 86.25% · institutions 83.11% · other public 0.45%

  3. To consider the proposal of payment of commission upto 1% on the net profits of the company to Independent Directors
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 19.62%

    Turnout: all 62.68% · promoters 86.25% · institutions 83.11% · other public 0.45%

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, 18 Sep 2025, 9 resolutions

2,93,720 shareholders on the register on 11 Sep 2025; present: 9 promoters and 53 others; votes counted by S. Sarweswara Reddy / S. S. Reddy & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider, approve and adopt the Standalone and Consolidated Audited Balance Sheet as at 31st March, 2025, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date together with the Notes attached thereto, along with the Report of Auditors and Directors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.76%

    Turnout: all 59.72% · promoters 94.73% · institutions 95.11% · other public 0.09%

  2. To appoint a director in place of Mr. P. Srinivas Reddy (DIN: 00359139) who retires by rotation and being eligible, offered himself for re-appointment
    OrdinaryPromoters have an interest in it
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.11% · other public 8.89%

    Turnout: all 59.72% · promoters 94.73% · institutions 95.11% · other public 0.09%

  3. To appoint a director in place of Mr. Akepati Praveen Kumar Reddy (DIN: 08987107) who retires by rotation and being eligible, offered himself for re-appointment
    OrdinaryPromoters have an interest in it
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.11% · other public 8.89%

    Turnout: all 59.72% · promoters 94.73% · institutions 95.11% · other public 0.09%

  4. To consider and, if thought fit, approve the re-appointment of M/s. S.R. Batliboi & Associates LLP, Chartered Accountants as Statutory Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.26%

    Turnout: all 59.72% · promoters 94.73% · institutions 95.11% · other public 0.09%

  5. To approve continuation of Mr. Venkatasamy Gnana Sekaran (DIN: 02012032) as a Non-Executive and Independent Director of the Company beyond the age of 75 years
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.24% · other public 10.08%

    Turnout: all 59.72% · promoters 94.73% · institutions 95.11% · other public 0.09%

  6. To approve re-appointment of Mr. Akepati Praveen Kumar Reddy (DIN: 08987107) as Whole Time Director of the Company
    SpecialPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.06% · other public 9.00%

    Turnout: all 59.72% · promoters 94.73% · institutions 95.11% · other public 0.09%

  7. To approve re-appointment of Mr. Anushman Reddy (DIN: 08104131) as the Whole Time Director of the Company
    SpecialPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.06% · other public 7.86%

    Turnout: all 59.72% · promoters 94.73% · institutions 95.11% · other public 0.09%

  8. Ratification of payment of remuneration to the Cost Auditor for the Financial Year 2025-26
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.28%

    Turnout: all 59.72% · promoters 94.73% · institutions 95.11% · other public 0.09%

  9. To consider and, if thought fit, approve the appointment of M/s. S.S. Reddy & Associates, Practicing Company Secretaries as secretarial auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.26%

    Turnout: all 59.72% · promoters 94.73% · institutions 95.11% · other public 0.09%

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

Postal ballot, 19 Mar 2025, 1 resolution

3,07,404 shareholders on the register on 14 Feb 2025; votes counted by S Sarveswar Reddy / S.S. Reddy & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Rohith Loka Reddy as Non-Executive Director of the Company
    OrdinaryPromoters have an interest in it
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.11% · other public 6.57%

    Turnout: all 61.39% · promoters 100.00% · institutions 96.36% · 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.

Annual general meeting, 6 Sep 2024, 6 resolutions

Present: 15 promoters and 42 others.The company's voting result (opens in a new tab)

  1. To receive, consider, approve and adopt the Standalone and Consolidated Audited Balance Sheet as at 31st March, 2024, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date together with the Notes attached thereto, along with the Report of Auditors and Directors thereon.MoreLess
    Ordinary
    88.77% for11.23% against

    Against: promoters 0.00% · institutions 28.16% · other public 10.33%

    Turnout: all 60.62% · promoters 100.00% · institutions 97.18% · other public 0.11%

  2. To appoint a director in place of Mr. Anushman Reddy (DIN: 08104131) who retires by rotation and being eligible, offered himself for re-appointment.
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.14% · other public 14.51%

    Turnout: all 57.78% · promoters 92.20% · institutions 97.18% · other public 0.11%

  3. To appoint a director in place of Mr. G V Satish Kumar Reddy (DIN: 06535717) who retires by rotation and being eligible, offered himself for re-appointment.
    Ordinary
    98.37% for1.63% against

    Against: promoters 0.00% · institutions 3.87% · other public 14.23%

    Turnout: all 57.78% · promoters 92.20% · institutions 97.18% · other public 0.11%

  4. Ratification of Payment of Remuneration to The Cost Auditor for the Financial Year 2024-25
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 15.67%

    Turnout: all 60.62% · promoters 100.00% · institutions 97.18% · other public 0.11%

  5. Increase of remuneration payable to Mr. Praveen Kumar Reddy Akepati, Whole Time Director of the company w.e.f., 1st October 2023
    OrdinaryPromoters have an interest in it
    92.76% for7.24% against

    Against: promoters 7.80% · institutions 6.37% · other public 22.09%

    Turnout: all 60.62% · promoters 100.00% · institutions 97.18% · other public 0.11%

  6. Increase of remuneration payable to Mr. Anushman Reddy, Whole Time Director of the company w.e.f., 1st October 2023
    SpecialPromoters have an interest in it
    92.76% for7.24% against

    Against: promoters 7.80% · institutions 6.37% · other public 22.28%

    Turnout: all 60.62% · promoters 100.00% · institutions 97.18% · other public 0.11%

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, 11 resolutions

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

  1. To receive, consider, approve and adopt the Standalone and Consolidated Audited Balance Sheet as at 31st March, 2023, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date together with the Notes attached thereto, along with the Reports of the Auditors and Directors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 66.45% · promoters 84.96% · institutions 90.68% · other public 11.28%

  2. To appoint a director in place of Mr. A. Praveen Kumar Reddy who retires by rotation and being eligible, offered himself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 66.45% · promoters 84.96% · institutions 90.68% · other public 11.28%

  3. To appoint a director in place of Mr. G.V. Satish Kumar Reddy who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 59.65% · promoters 67.58% · institutions 90.68% · other public 11.28%

  4. Ratification Of Payment of Remuneration to the Cost Auditor for the Financial Year 2023-2024.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 66.45% · promoters 84.96% · institutions 90.68% · other public 11.28%

  5. Revision and Increase of Remuneration payable to Mr. P. Srinivas Reddy as Managing Director of the company w.e.f., 01.04.2023.
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.17% · other public 0.05%

    Turnout: all 66.45% · promoters 84.96% · institutions 90.68% · other public 11.28%

  6. Re-appointment and Remuneration payable to Mr. P. Srinivas Reddy as a Managing Director of the company w.e.f., 01.09.2023.
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.17% · other public 0.04%

    Turnout: all 66.45% · promoters 84.96% · institutions 90.68% · other public 11.28%

  7. Re-appointment of Mr. BVR Subbu as an Independent Director of the company.
    Special
    99.07% for0.93% against

    Against: promoters 0.00% · institutions 2.05% · other public 0.02%

    Turnout: all 66.45% · promoters 84.96% · institutions 90.68% · other public 11.28%

  8. Re-appointment of Mr. A. Krishnakumar as an Independent Director of the company.
    Special
    99.07% for0.93% against

    Against: promoters 0.00% · institutions 2.05% · other public 0.02%

    Turnout: all 66.45% · promoters 84.96% · institutions 90.68% · other public 11.28%

  9. Re-appointment of Mrs. Ameeta Chatterjee as an Independent Director of the company.
    Special
    100.00% for0.00% against

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

    Turnout: all 66.45% · promoters 84.96% · institutions 90.68% · other public 11.28%

  10. Re-appointment of Mr. U C Muktibodh as an independent director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 66.45% · promoters 84.96% · institutions 90.68% · other public 11.28%

  11. Re-appointment of Mr. V G Sekaran as an Independent Director of the company.
    Special
    100.00% for0.00% against

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

    Turnout: all 66.45% · promoters 84.96% · institutions 90.68% · other public 11.28%

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 Sep 2022, 6 resolutions

Present: 13 promoters and 33 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone and Consolidated Audited Balance Sheet as at 31st March, 2022, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date together with the Notes attached thereto, along with the Report of Auditors and Directors thereon.MoreLess
    Ordinary
    91.16% for8.84% against

    Against: promoters 0.00% · institutions 21.31% · other public 4.73%

    Turnout: all 67.63% · promoters 83.34% · institutions 97.64% · other public 0.17%

  2. To appoint a director in place of Mr. P. Srinivas Reddy (DIN 00359139) who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.16%

    Turnout: all 67.63% · promoters 83.34% · institutions 97.64% · other public 0.17%

  3. Ratification of Payment of Remuneration to The Cost Auditor for The Financial Years 2022-2023.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.60%

    Turnout: all 67.63% · promoters 83.34% · institutions 97.64% · other public 0.17%

  4. Appointment of Mr. Anushman Reddy (Din 08104131) as the Director and Whole Time Director of the Company.
    OrdinaryPromoters have an interest in it
    87.28% for12.72% against

    Against: promoters 0.00% · institutions 29.04% · other public 6.62%

    Turnout: all 64.04% · promoters 75.77% · institutions 97.64% · other public 0.17%

  5. Appointment of Mr. A Praveen Kumar Reddy (Din 08987107) as the Whole Time Director of the Company.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.90%

    Turnout: all 64.04% · promoters 75.77% · institutions 97.64% · other public 0.17%

  6. To pay remuneration by way of commission up to 1% of the net profits of the company or a sum of Rs. 90,00,000/- whichever is less to independent directors.
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.11% · other public 14.07%

    Turnout: all 64.04% · promoters 75.77% · institutions 97.64% · other public 0.16%

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, 30 Jul 2021, 7 resolutions

Present: 9 promoters and 23 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone and Consolidated Audited Balance Sheet as at 31st March, 2021, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date together with the Notes attached thereto, along with the Report of Auditors and Directors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.41% · promoters 90.31% · institutions 99.34% · other public 36.31%

  2. To confirm final dividend for Financial Year 2020-21
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.41% · promoters 90.31% · institutions 99.34% · other public 36.31%

  3. To appoint a director in place of Mr. G. Venkata Satish Kumar Reddy (DIN 06535717) who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 77.00% · promoters 90.31% · institutions 97.48% · other public 36.31%

  4. Revision of remuneration of Mr. P Srinivas Reddy (DIN 00359139) as Managing Director of the company.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 72.47% · promoters 81.30% · institutions 97.48% · other public 36.31%

  5. Appointment of Mr. A Praveen Kumar Reddy (DIN08987107) as non-executive director of the Company
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 77.00% · promoters 90.31% · institutions 97.48% · other public 36.31%

  6. Ratification Of Payment Of Remuneration To The Cost Auditor For The Financial Years 2020-2021 And 2021-2022
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.41% · promoters 90.31% · institutions 99.34% · other public 36.31%

  7. Nomination of director by investors of the company by virtue of article 180 of articles of association
    Special
    83.41% for16.59% against

    Against: promoters 0.00% · institutions 59.15% · other public 0.01%

    Turnout: all 77.00% · promoters 90.31% · institutions 97.48% · other public 36.31%

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.

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 28 Sep 2026, 8 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, approve and adopt the Standalone and Consolidated Audited Balance Sheet as at 31st March, 2026, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date together with the Notes attached thereto, along with the Report of Auditors and Directors thereon.MoreLess
    7 for0 against
  • To appoint a director in place of Mr. Rohith Loka Reddy (DIN: 06464331) who retires by rotation and being eligible, offered himself for re-appointment. (Brief Profile: Annexure A to this Notice)
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance Concern: Holding two full-time positions.
    7 for1 against
  • To appoint a director in place of Mr. Anushman Reddy (DIN: 08104131) who retires by rotation and being eligible, offered himself for re-appointment. (Brief Profile: Annexure A to this Notice).
    8 for0 against
  • Ratification of payment of remuneration to the Cost Auditor for three Financial Years 2026-27, 2027-28 & 2028-29
    6 for0 against
  • To increase the limits of borrowing by the board of directors of the Company under section 180(1)(c) of the Companies Act, 2013.
    8 for0 against
  • To seek approval under section 180(1)(a) of the Companies Act, 2013 inter alia for creation of mortgage or charge on the assets, properties or undertaking(s) of the Company
    8 for0 against
2 proposals not matched to one resolution
  • Accept Financial Statements and Statutory Reports
    1 for0 against
  • Ratify remuneration to Sagar & Associates as cost auditor for FY27, FY28 and FY29
    2 for0 against

Mutual fund votes, meeting of 20 Mar 2026, 19 fund houses

  • To increase the limits of borrowing by the board of directors of the Company under Section 180(1)(c) of the Companies Act, 2013
    19 for0 against
  • To seek approval under section 180(1)(a) of the Companies Act, 2013 inter alia for creation of mortgage or charge on the assets, properties or undertaking(s) of the Company:
    19 for0 against
  • To consider the proposal of payment of commission upto 1% on the net profits of the company to Independent Directors
    19 for0 against
6 earlier meetings

Mutual fund votes, meeting of 18 Sep 2025, 13 fund houses

  • To receive, consider, approve and adopt the Standalone and Consolidated Audited Balance Sheet as at 31st March, 2025, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date together with the Notes attached thereto, along with the Report of Auditors and Directors thereonMoreLess
    13 for0 against
  • To appoint a director in place of Mr. P. Srinivas Reddy (DIN: 00359139) who retires by rotation and being eligible, offered himself for re-appointment
    13 for0 against
  • To appoint a director in place of Mr. Akepati Praveen Kumar Reddy (DIN: 08987107) who retires by rotation and being eligible, offered himself for re-appointment
    13 for0 against
  • To consider and, if thought fit, approve the re-appointment of M/s. S.R. Batliboi & Associates LLP, Chartered Accountants as Statutory Auditors of the Company
    13 for0 against
  • To approve continuation of Mr. Venkatasamy Gnana Sekaran (DIN: 02012032) as a Non-Executive and Independent Director of the Company beyond the age of 75 years
    13 for0 against
  • To approve re-appointment of Mr. Akepati Praveen Kumar Reddy (DIN: 08987107) as Whole Time Director of the Company
    13 for0 against
  • To approve re-appointment of Mr. Anushman Reddy (DIN: 08104131) as the Whole Time Director of the Company
    13 for0 against
  • Ratification of payment of remuneration to the Cost Auditor for the Financial Year 2025-26
    13 for0 against
  • To consider and, if thought fit, approve the appointment of M/s. S.S. Reddy & Associates, Practicing Company Secretaries as secretarial auditors of the Company
    13 for0 against

Mutual fund votes, meeting of 19 Mar 2025, 12 fund houses

  • Appointment of Mr. Rohith Loka Reddy as Non-Executive Director of the Company
    12 for0 against

Mutual fund votes, meeting of 6 Sep 2024, 11 fund houses

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

  • To receive, consider, approve and adopt the Standalone and Consolidated Audited Balance Sheet as at 31st March, 2024, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date together with the Notes attached thereto, along with the Report of Auditors and Directors thereon.MoreLess
    Against Groww Mutual Fund, Nippon India Mutual Fund
    • Groww Mutual FundUnqualified financial statements. Compliant with Indian Accounting Standards. Non-Compliant with Companies Act, 2013 & SEBI LODR Regulations: Non-disclosure of financial statements of Subsidiaries for FY 2023-24.
    • Nippon India Mutual FundFinancials of Subsidaries not disclosed on website
    8 for2 against
  • To appoint a director in place of Mr. Anushman Reddy (DIN: 08104131) who retires by rotation and being eligible, offered himself for re-appointment.
    11 for0 against
  • To appoint a director in place of Mr. G V Satish Kumar Reddy (DIN: 06535717) who retires by rotation and being eligible, offered himself for re-appointment.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on merit of appointee. Governance Concern: Holding two full-time positions.
    8 for3 against
  • Ratification of Payment of Remuneration to The Cost Auditor for the Financial Year 2024-25
    11 for0 against
  • Increase of remuneration payable to Mr. Praveen Kumar Reddy Akepati, Whole Time Director of the company w.e.f., 1st October 2023
    Against Axis Mutual Fund, Edelweiss Mutual Fund
    • Axis Mutual FundP K Reddy Akepati, 57, is part of the promoter group and has been the Wholetime Director of MTAR Technologies Limited (MTAR) since August 2022. He has been associated with MTAR for more than 18 years. Prior to this, he was a Non-Executive Director on the board. His FY24 remuneration was Rs. 7.5 mn. We note that the consolidated PBT of the company has almost halved from FY23 to FY24. In FY24, on this reduced PBT level, the remuneration of three promoter executive directors accounted for ~6.5% of PBT. Further, June 2024 quarter revenue/PBT numbers were also down on a yoy basis. Given this background, we do not support the resolution.
    • Edelweiss Mutual FundRemuneration on higher side
    9 for2 against
  • Increase of remuneration payable to Mr. Anushman Reddy, Whole Time Director of the company w.e.f., 1st October 2023
    Against Axis Mutual Fund, Edelweiss Mutual Fund
    • Axis Mutual FundAnushman Reddy, 32, is a part of the promoter group. He currently heads the export division of the company. He has eight years of experience in manufacturing. Before being appointed on the board, he was the Vice President Exports. He has been associated with the company since 13 April 2018 and is on the board as WTD from 9 August 2022. His FY24 remuneration was Rs. 9.9 mn. We note that the consolidated PBT of the company has almost halved from FY23 to FY24. In FY24, on this reduced PBT level, the remuneration of three promoter executive directors accounted for ~6.5% of PBT. Further, June 2024 quarter revenue/PBT numbers were also down on a yoy basis. Given this background, we do not support the resolution.
    • Edelweiss Mutual FundRemuneration on higher side
    9 for2 against
1 proposal not matched to one resolution
  • Accept Financial Statements and Statutory Reports
    1 for0 against

Mutual fund votes, meeting of 11 Aug 2023, 17 fund houses

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

  • To receive, consider, approve and adopt the Standalone and Consolidated Audited Balance Sheet as at 31st March, 2023, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date together with the Notes attached thereto, along with the Reports of the Auditors and Directors thereon.MoreLess
    15 for0 against
  • To appoint a director in place of Mr. A. Praveen Kumar Reddy who retires by rotation and being eligible, offered himself for re-appointment.
    17 for0 against
  • To appoint a director in place of Mr. G.V. Satish Kumar Reddy who retires by rotation and being eligible, offers himself for re-appointment
    17 for0 against
  • Ratification Of Payment of Remuneration to the Cost Auditor for the Financial Year 2023-2024.
    17 for0 against
  • Revision and Increase of Remuneration payable to Mr. P. Srinivas Reddy as Managing Director of the company w.e.f., 01.04.2023.
    17 for0 against
  • Re-appointment and Remuneration payable to Mr. P. Srinivas Reddy as a Managing Director of the company w.e.f., 01.09.2023.
    17 for0 against
  • Re-appointment of Mr. BVR Subbu as an Independent Director of the company.
    17 for0 against
  • Re-appointment of Mr. A. Krishnakumar as an Independent Director of the company.
    3 for0 against
  • Re-appointment of Mrs. Ameeta Chatterjee as an Independent Director of the company.
    17 for0 against
  • Re-appointment of Mr. U C Muktibodh as an independent director of the Company
    17 for0 against
  • Re-appointment of Mr. V G Sekaran as an Independent Director of the company.
    17 for0 against
3 proposals not matched to one resolution
  • Accept Financial Statements and Statutory Reports
    2 for0 against
  • Re-appointment of Mr. A. Krishna Kumar (DIN: 00871792) as an Independent Director of the Company, not liable to retire by rotation, to hold office for a second term of 5 consecutive years on the Board of the Company commencing from December 5, 2023 up to December 04, 2028 (both days inclusive).MoreLess
    12 for0 against
  • Reelect A. Krishna Kumar as Director
    2 for0 against

Mutual fund votes, meeting of 23 Sep 2022, 13 fund houses

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

  • To receive, consider and adopt the Standalone and Consolidated Audited Balance Sheet as at 31st March, 2022, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date together with the Notes attached thereto, along with the Report of Auditors and Directors thereon.MoreLess
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundNon-disclosure of latest financial statements of Subsidiaries on the website
    12 for1 against
  • To appoint a director in place of Mr. P. Srinivas Reddy (DIN 00359139) who retires by rotation and being eligible, offers himself for re-appointment.
    13 for0 against
  • Ratification of Payment of Remuneration to The Cost Auditor for The Financial Years 2022-2023.
    12 for0 against
  • Appointment of Mr. Anushman Reddy (Din 08104131) as the Director and Whole Time Director of the Company.
    Against Axis Mutual Fund, Invesco Mutual Fund
    • Axis Mutual FundAnushman Reddy, 31, is a part of the promoter group. He currently heads the export division of the company. He has eight years of experience in manufacturing and has also worked with AeroVironment. Before being appointed on the board, he was the Vice President Exports. He has also served on the board (Pre-listing) from November 2018 to October 2020 in a non-executive capacity. He has done BS Mechanical engineering from JNTU, MS. Global Supply chain Management from Marshal School of Business University of Southern California and Executive Post Graduate Diploma from NMIMS. His estimated remuneration is Rs. 7.0 mn. We believe he does not have adequate experience to be on the board of a listed company. We believe board positions must neither be used as training grounds nor considered legacies.
    • Invesco Mutual FundAnushman Reddy, 31, is a part of the promoter group. He currently heads the export division of the company. He has eight years of experience in manufacturing and has also worked with AeroVironment. Before being appointed on the board, he was the Vice President Exports. He has also served on the board (Pre-listing) from November 2018 to October 2020 in a non-executive capacity. He has done BS Mechanical engineering from JNTU, MS. Global Supply chain Management from Marshal School of Business University of Southern California and Executive Post Graduate Diploma from NMIMS. His estimated remuneration is Rs. 7.0 mn. We believe he does not have adequate experience to be on the board.
    11 for2 against
  • Appointment of Mr. A Praveen Kumar Reddy (Din 08987107) as the Whole Time Director of the Company.
    13 for0 against
  • To pay remuneration by way of commission up to 1% of the net profits of the company or a sum of Rs. 90,00,000/- whichever is less to independent directors.
    13 for0 against
1 proposal not matched to one resolution
  • To ratify the remuneration to M/s. Sagar & Associates, (Registration No. 000118) Cost Accountants to conduct the audit of the cost records of the Company
    1 for0 against

Mutual fund votes, meeting of 30 Jul 2021, 9 fund houses

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

  • To receive, consider and adopt the Standalone and Consolidated Audited Balance Sheet as at 31st March, 2021, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date together with the Notes attached thereto, along with the Report of Auditors and Directors thereon.MoreLess
    9 for0 against
  • To confirm final dividend for Financial Year 2020-21
    9 for0 against
  • To appoint a director in place of Mr. G. Venkata Satish Kumar Reddy (DIN 06535717) who retires by rotation and being eligible, offers himself for re-appointment.
    8 for0 against

    1 abstained

  • Revision of remuneration of Mr. P Srinivas Reddy (DIN 00359139) as Managing Director of the company.
    8 for0 against

    1 abstained

  • Appointment of Mr. A Praveen Kumar Reddy (DIN08987107) as non-executive director of the Company
    8 for0 against

    1 abstained

  • Ratification Of Payment Of Remuneration To The Cost Auditor For The Financial Years 2020-2021 And 2021-2022
    8 for0 against
  • Nomination of director by investors of the company by virtue of article 180 of articles of association
    Against Bank of India Mutual Fund, HDFC Mutual Fund, Invesco Mutual Fund, SBI Mutual Fund
    • Bank of India Mutual FundThe articles state that Fabmohur Advisers LLP and Solitus Advisers LLP, (who held 10. 0% equity on 31 March 2021 in aggregate), will be able to nominate a director on the board when their combined equity in the company is equal to or exceeds 10. 0%: Mathew Cyriac is the current nominee director. This nomination right would fall off if the equity held by these entities falls below 10%. While we support the nomination rights linked to a shareholding threshold, the nominee director will remain not liable to retire by rotation. We believe that shareholders must get a chance to periodically vote on the reappointment of all directors. Further, the articles give powers to the investors to appoint a director on the board without seeking shareholder approval in the future. We believe the above articles provide overriding powers to the investors and may be susceptible to potential misuse.
    • HDFC Mutual FundThe shareholders would not get a chance to periodically review the appointment of a nominee director as they are not liable to retire by rotation
    • Invesco Mutual FundThe articles state that Fabmohur Advisers LLP and Solitus Advisers LLP, (who held 10.0% equity on 31 March 2021 in aggregate), will be able to nominate a director on the board when their combined equity in the company is equal to or exceeds 10.0%: Mathew Cyriac is the current nominee director. This nomination right would fall off if the equity held by these entities falls below 10%. While we support the nomination rights linked to a shareholding threshold, the nominee director will remain not liable to retire by rotation. We believe that shareholders must get a chance to periodically vote on the reappointment of all directors. Further, the articles give powers to the investors to appoint a director on the board without seeking shareholder approval in the future. We believe the above articles provide overriding powers to the investors and may be susceptible to potential misuse.
    • SBI Mutual FundThe articles state that Fabmohur Advisers LLP and Solitus Advisers LLP, (who held 10.0% equity on 31 March 2021 in aggregate), will be able to nominate a director on the board when their combined equity in the company is equal to or exceeds 10.0%: Mathew Cyriac is the current nominee director. This nomination right would fall off if the equity held by these entities falls below 10%.While we support the nomination rights linked to a shareholding threshold, the nominee director will remain not liable to retire by rotation. We believe that shareholders must get a chance to periodically vote on the reappointment of all directors. Further, the articles give powers to the investors to appoint a director on the board without seeking shareholder approval in the future. We believe the above articles provide overriding powers to the investors and may be susceptible to potential misuse. . We are in favour of the candidate, Mr Mathew Cyriac and appreciate the value he has added over the years, and the value that he can add to the company in future given his experience. The perpetuity clause, however, is not comforting. We are in favour of the candidate, Mr Mathew Cyriac and appreciate the value he has added over the years, and the value that he can add to the company in future given his experience. The perpetuity clause, however, is not comforting.
    4 for4 against

    1 abstained

1 proposal not matched to one resolution
  • 6) Ratify remuneration of Rs. 300,000 per annum payable to M/s. Sagar & Associates. as Cost Auditors for FY21 & FY22.
    1 for0 against

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

Investor complaints and compliance

Quarter by quarter.

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

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
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.