Credo Brands Marketing logo

Credo Brands Marketing MD, chairman, board of directors and AGM

NSE: MUFTIBSE: 544058RetailingSmall Cap

Last close ₹63.57down ₹1.77 (2.71%)BSE ₹63.76

Share price at the NSE close on 23 Oct 2026. Previous close ₹65.34.

52-week range of traded prices to 23 Oct 2026
₹62.65Low, 23 Oct 2026₹115.70High, 23 Oct 2025
Market cap
₹416 Cr1,789th largest listed
P/E
9.6
P/B
0.9
Dividend yield
3.15%
ROE
10.2%
ROCE
17.0%
Debt to equity
0.00
Volume, NSE
78,03263.3% delivered

Credo Brands Marketing board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorKamal D KhushlaniRelated to the promoter
  • Company Secretary and Compliance OfficerSanjay Kumar Mutha

6 directors3 independent2 executive1 non-executive

  • Kamal D Khushlani · Chairperson and managing directorExecutive · joined Apr 1999 · reappointed Mar 2022 · 1 listed board
  • Poonam KhushlaniExecutive · joined Apr 1999 · reappointed May 2023 · 1 listed board · 1 committee seat
  • Manoj NakraNon-executive · joined May 2023 · reappointed Jul 2023 · 2 listed boards · 1 as independent · 2 committee seats, 1 as chair
  • Amer Inayat JaleelIndependent · joined Nov 2020 · reappointed Nov 2025 · 67 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Paresh Vasant BambolkarIndependent · joined May 2023 · reappointed May 2023 · 37 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Ramona Haresh JogeshwarIndependent · joined May 2023 · reappointed May 2023 · 37 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.

Committees and meetings

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

  • Board

    • 21 May 20266 of 6 present3 independent · 63 days in between
    • 18 Mar 20266 of 6 present3 independent · 36 days in between
    • 9 Feb 20266 of 6 present3 independent
  • Audit Committee

    Chair Paresh Vasant Bambolkar

    Amer Inayat Jaleel, Manoj Nakra

    • 21 May 20263 of 3 present2 independent · 63 days in between
    • 18 Mar 20263 of 3 present2 independent · 36 days in between
    • 9 Feb 20263 of 3 present2 independent
  • Nomination and remuneration committee

    Chair Amer Inayat Jaleel

    Manoj Nakra, Ramona Haresh Jogeshwar

    • 21 May 20263 of 3 present2 independent · 63 days in between
    • 18 Mar 20263 of 3 present2 independent
  • Stakeholders Relationship Committee

    Chair Manoj Nakra

    Paresh Vasant Bambolkar, Poonam Khushlani

    • 21 May 20263 of 3 present1 independent
  • Risk Management Committee

    Chair Kamal D Khushlani

    Amer Inayat Jaleel, Rasik Mittal

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Kamal D Khushlani

    Ramona Haresh Jogeshwar, Poonam Khushlani

    • 21 May 20263 of 3 present1 independent · 14 days in between
    • 6 May 20263 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • M S K C & ASSOCIATES LLPPeer-review certificate valid to Sep 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.

Credo Brands Marketing 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.Credo Brands Marketing dividend history

Annual general meeting, 11 Sep 2026

71,121 shareholders on the register on 4 Sep 2026; present: 4 promoters and 55 others; votes counted by Mukesh Siroya / M Siroya and Company.The company's voting result (opens in a new tab)

  1. Receive, consider and adopt the Audited Financial Statement of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.80%

    Turnout: all 55.98% · promoters 100.00% · institutions 0.60% · other public 2.35%

  2. Declare Dividend of Rs. 2.00 per share on Equity Shares of Rs. 2.00 each for the financial year ended March 31, 2026
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.78%

    Turnout: all 55.98% · promoters 100.00% · institutions 0.60% · other public 2.35%

  3. Appointment of Mrs. Poonam Khushlani, who retires by rotation, and being eligible, offers herself for re-appointment
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.44%

    Turnout: all 55.98% · promoters 100.00% · institutions 0.60% · other public 2.35%

  4. Re-appointment of Mr. Kamal Khushlani as Chairman and Managing Director of the Company
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 69.15% · other public 2.33%

    Turnout: all 55.98% · promoters 100.00% · institutions 0.60% · other public 2.35%

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

Annual general meeting, 22 Sep 2025, 7 resolutions

76,686 shareholders on the register on 15 Sep 2025; present: 4 promoters and 53 others; votes counted by Mukesh Siroya / M Siroya and Company.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 58.18% · promoters 100.00% · institutions 59.52% · other public 3.61%

  2. To receive, consider and adopt the Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 58.18% · promoters 100.00% · institutions 59.52% · other public 3.61%

  3. To declare Dividend of Rs. 3.00 per share on Equity Shares for the financial year ended March 31, 2025
    Ordinary
    99.72% for0.28% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.57%

    Turnout: all 58.18% · promoters 100.00% · institutions 59.52% · other public 3.61%

  4. To appoint Dr. Manoj Nakra (DIN 08566768), who retires by rotation in the terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers himself for re-appointment
    Ordinary
    99.72% for0.28% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.62%

    Turnout: all 58.17% · promoters 100.00% · institutions 59.52% · other public 3.61%

  5. To re-appoint Mr. Amer Jaleel (DIN: 03194596) as an Independent Director of the Company
    Special
    99.72% for0.28% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.65%

    Turnout: all 58.17% · promoters 100.00% · institutions 59.52% · other public 3.61%

  6. To approve related party transaction with SmartGlobal Solutions and Services
    Ordinary
    94.44% for5.56% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.66%

    Turnout: all 2.93% · promoters 0.00% · institutions 59.52% · other public 3.04%

  7. To appoint Secretarial Auditors of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 58.17% · promoters 100.00% · institutions 59.52% · other public 3.61%

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 Aug 2024, 7 resolutions

Present: 4 promoters and 49 others.The company's voting result (opens in a new tab)

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

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

    Turnout: all 73.17% · promoters 100.00% · institutions 56.20% · other public 36.97%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024 together with the reports of the Auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.17% · promoters 100.00% · institutions 56.20% · other public 36.97%

  3. To declare Dividend of ¿0.50 per share on Equity Shares for the financial year 2023-24
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.17% · promoters 100.00% · institutions 56.20% · other public 36.97%

  4. To appoint Mr. Kamal Khushlani (DIN 00638929), 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 0.04%

    Turnout: all 73.17% · promoters 100.00% · institutions 56.20% · other public 36.97%

  5. To appoint M/s. MSKC & Associates, Chartered Accountants (ICAI Firm Registration No.: 001595S), as Statutory Auditors of the Company in place of the retiring Statutory Auditors of the Company
    Ordinary
    94.36% for5.64% against

    Against: promoters 0.00% · institutions 0.00% · other public 30.49%

    Turnout: all 73.17% · promoters 100.00% · institutions 56.20% · other public 36.97%

  6. Ratification of CREDO STOCK OPTION PLAN 2020
    Special
    93.66% for6.34% against

    Against: promoters 0.00% · institutions 96.34% · other public 0.03%

    Turnout: all 73.17% · promoters 100.00% · institutions 56.20% · other public 36.96%

  7. To fix charges for service of documents on the Shareholders
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 73.17% · promoters 100.00% · institutions 56.20% · other public 36.96%

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 22 Sep 2025, 1 fund house

  • To receive, consider and adopt the Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereonMoreLess
    1 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon
    1 for0 against
  • To declare Dividend of Rs. 3.00 per share on Equity Shares for the financial year ended March 31, 2025
    1 for0 against
  • To appoint Dr. Manoj Nakra (DIN 08566768), who retires by rotation in the terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers himself for re-appointment
    1 for0 against
  • To re-appoint Mr. Amer Jaleel (DIN: 03194596) as an Independent Director of the Company
    1 for0 against
  • To approve related party transaction with SmartGlobal Solutions and Services
    1 for0 against
  • To appoint Secretarial Auditors of the Company
    1 for0 against

Mutual fund votes, meeting of 30 Aug 2024, 2 fund houses

  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024 together with the reports of the Board of Directors and Auditors thereonMoreLess
    2 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024 together with the reports of the Auditors thereon
    2 for0 against
  • To declare Dividend of ¿0.50 per share on Equity Shares for the financial year 2023-24
    2 for0 against
  • To appoint Mr. Kamal Khushlani (DIN 00638929), who retires by rotation and being eligible, offers himself for re-appointment
    2 for0 against
  • To appoint M/s. MSKC & Associates, Chartered Accountants (ICAI Firm Registration No.: 001595S), as Statutory Auditors of the Company in place of the retiring Statutory Auditors of the Company
    2 for0 against
  • Ratification of CREDO STOCK OPTION PLAN 2020
    Against HSBC Mutual Fund, Nippon India Mutual Fund
    • HSBC Mutual FundA vote AGAINST this resolution is warranted because: • The Scheme permits stock options to be issued with an exercise price at a discount to the current market price. • The exact performance conditions, vesting thresholds and targets have not been disclosed.
    • Nippon India Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations, 2021: Inadequate disclosure of Exercise price/Exercise Formula, Vesting Period. Governance Concern: Discretion on NRC to determine important parameters; Potential maximum benefits to a single employee.
    0 for2 against
  • To fix charges for service of documents on the Shareholders
    2 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 disputeAdditional Commissioner of Central Tax, Bengaluru North West CommissionerateSince 3 Jun 2024
    The Company has filed an appeal against the Order in Appeal dated 27.01.2025 with GST Appellate Tribunal on 11.06.2026.
    At the filing before: The Company had filed an appeal against the said Order, within the permissible time. The appeal filed by the Company against the said Order is rejected and the impugned OIO is upheld, vide Order in Appeal No. 32_2024_25 GST _COMM_A_II dated 27.01.2025. The Company was taking appropriate steps to file an appeal against the Order in Appeal dated 27.01.2025 before the competent GST Appellate Tribunal, to be constituted _notifed by the Govt.MoreLess

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

At most 1 complaint open, quarter to Dec 2024.
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
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.