Nectar Lifesciences MD, chairman, board of directors and AGM
NSE: NECLIFEBSE: 532649Pharmaceuticals & BiotechnologySmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹10.76.
- Under NSE's long-term additional surveillance, stage I, on the list for 23 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- 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.
- ₹200 Cr2,221st 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.
- Lossover the last 12 months
- 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 30 May 2026
- 0.3
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- 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 14 Aug 2026
- −31.9%
- 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 −₹171 crore of one-off items, the largest of them in the quarter to Sep 2025.
- −9.6%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 14 Aug 2026
- −15.4%
- 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 30 May 2026
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,01,72181.0% delivered
Nectar Lifesciences 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 directorSANJIV GOYALRelated to the promoter
- Company Secretary and Compliance OfficerSanjaymohan Singh Rawat
6 directors3 independent2 executive1 non-executive
- SANJIV GOYAL · Chairperson and managing directorExecutive · joined Jun 1995 · reappointed May 2025 · 1 listed board · 2 committee seats
- RUPINDER TEWARIIndependent · joined Feb 2019 · reappointed Feb 2024 · 89 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
- KULDIP KUMAR BHASINIndependent · joined Sep 2021 · reappointed Sep 2021 · 58 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
- INDU PAL KAURIndependent · joined Aug 2022 · reappointed Aug 2022 · 47 months as independent · 1 listed board · 1 as independent · 1 committee seat
- SURULICHAMY SENTHILKUMARNon-executive · joined Jun 2025 · reappointed Jun 2025 · 1 listed board · 1 committee seat
- SUSHIL KAPOORExecutive · joined Dec 2025 · reappointed Dec 2025 · 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.
2 directors who left
- MEENA VERMA, left 27 Oct 2025: Others
- PUNEET SUD, left 31 May 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 30 May 20266 of 6 present3 independent · 88 days in between
- 2 Mar 20266 of 6 present3 independent · 37 days in between
- 23 Jan 20266 of 6 present3 independent
Audit Committee
Chair RUPINDER TEWARI
KULDIP KUMAR BHASIN, INDU PAL KAUR, SANJIV GOYAL
- 30 May 20264 of 4 present3 independent · 126 days in between
- 23 Jan 20264 of 4 present3 independent
Nomination and remuneration committee
Chair RUPINDER TEWARI
KULDIP KUMAR BHASIN, INDU PAL KAUR
- 26 May 20263 of 3 present3 independent · 122 days in between
- 23 Jan 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair KULDIP KUMAR BHASIN
SANJIV GOYAL, SURULICHAMY SENTHILKUMAR
No meeting listed in the filing.
Risk Management Committee
Chair SANJIV GOYAL
RUPINDER TEWARI, SUSHIL KAPOOR
- 24 Feb 20263 of 3 present1 independent
Corporate Social Responsibility Committee
Chair SANJIV GOYAL
KULDIP KUMAR BHASIN, SURULICHAMY SENTHILKUMAR
- 16 May 20263 of 3 present1 independent
MANAGEMENT COMMITTEE
Chair SANJIV GOYAL
SURULICHAMY SENTHILKUMAR, SUSHIL KAPOOR
No meeting listed in the filing.
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.
- Deepak Jindal & Co.Peer-review certificate valid to May 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Nectar Lifesciences 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.Nectar Lifesciences dividend history
Annual general meeting, 18 Sep 2026
77,981 shareholders on the register on 11 Sep 2026; present: 1 promoter and 48 others; votes counted by Prince Chadha / P. Chadha & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt the Standalone Financial Statements of the Company for the financial year ended March 31, 2026, and the Reports of the Board of Directors and Auditors thereon and Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, and the Report of Auditors thereonMoreLess
Ordinary99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 22.09%
Turnout: all 52.33% · promoters 100.00% · institutions 10.38% · other public 0.08%
- To appoint a director in place of Mr. Sanjiv Goyal (DIN- 00002841), who retires by rotation and being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 53.18%
Turnout: all 52.33% · promoters 100.00% · institutions 10.38% · other public 0.08%
- To consider and approve the re-appointment of Dr. Kuldip Kumar Bhasin (DIN- 09250008) as an Independent Director for the second term of consecutive five yearsSpecial99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 53.18%
Turnout: all 52.33% · promoters 100.00% · institutions 10.38% · other public 0.08%
- To consider and approve the re-appointment of Dr. Indu Pal Kaur (DIN- 09686862) as an Independent Director for the second term of consecutive five yearsSpecial99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 53.18%
Turnout: all 52.33% · promoters 100.00% · institutions 10.38% · other public 0.08%
- To consider and approve the appointment of Dr. Gunmala Suri (DIN- 11879344) as a Non-Executive Non-Independent Director of the CompanyOrdinary99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 53.18%
Turnout: all 52.33% · promoters 100.00% · institutions 10.38% · other public 0.08%
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, 28 Feb 2026, 3 resolutions
77,748 shareholders on the register on 23 Jan 2026; votes counted by PRINCE CHADHA / P. CHADHA & ASSOCIATES.The company's voting result (opens in a new tab)
- TO APPROVE THE APPOINTMENT OF MR. SUSHIL KAPOOR AS A DIRECTOR OF THE COMPANY LIABLE TO RETIRE BY ROTATIONOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 8.18%
Turnout: all 52.41% · promoters 100.00% · institutions 11.38% · other public 0.20%
- TO APPROVE THE APPOINTMENT OF MR. SUSHIL KAPOOR AS A WHOLETIME DIRECTOR DESIGNATED AS A DIRECTOR (FINANCE) OF THE COMPANY FOR A PERIOD OF THREE YEARSSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 8.07%
Turnout: all 52.41% · promoters 100.00% · institutions 11.38% · other public 0.20%
- TO ADOPT THE NEW SET OF MEMORANDUM OF ASSOCIATION ("MOA") WITH AMENDED OBJECT CLAUSE OF THE COMPANYSpecial99.08% for0.92% against
Against: promoters 0.00% · institutions 100.00% · other public 7.06%
Turnout: all 52.41% · promoters 100.00% · institutions 11.38% · other public 0.20%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 29 Sep 2025, 5 resolutions
78,066 shareholders on the register on 22 Sep 2025; present: 2 promoters and 39 others; votes counted by PRINCE CHADHA / P. CHADHA & ASSOCIATES.The company's voting result (opens in a new tab)
To receive, consider and adopt the Standalone Financial Statements of the Company for the financial year ended March 31, 2025 and the Reports of the Board of Directors and Auditors thereon and Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 and the Report of Auditors thereon.MoreLess
Ordinary99.93% for0.07% againstAgainst: promoters 0.00% · institutions 0.00% · other public 11.42%
Turnout: all 45.13% · promoters 98.77% · institutions 70.93% · other public 0.49%
- To appoint a director in place of Mr. Sanjiv Goyal (DIN – 00002841), who retires by rotation and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it99.93% for0.07% against
Against: promoters 0.00% · institutions 0.00% · other public 11.42%
Turnout: all 45.13% · promoters 98.77% · institutions 70.93% · other public 0.49%
- To ratify the remuneration of Cost Auditors under section 148 of the Companies Act, 2013Ordinary99.93% for0.07% against
Against: promoters 0.00% · institutions 0.00% · other public 11.75%
Turnout: all 45.13% · promoters 98.77% · institutions 70.93% · other public 0.49%
- To consider and approve Appointment of Mr. Prince Chadha, proprietor of M/s. P. Chadha & Associates, Practicing Company Secretary as Secretarial Auditors and fix his remunerationOrdinary99.93% for0.07% against
Against: promoters 0.00% · institutions 0.00% · other public 11.75%
Turnout: all 45.13% · promoters 98.77% · institutions 70.93% · other public 0.49%
- To consider and approve the adoption of new set of Articles of Association of the CompanySpecial99.93% for0.07% against
Against: promoters 0.00% · institutions 0.00% · other public 11.42%
Turnout: all 45.13% · promoters 98.77% · institutions 70.93% · other public 0.49%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 4 Aug 2025, 3 resolutions
78,737 shareholders on the register on 28 Jul 2025; present: 0 promoters and 42 others; votes counted by PRINCE CHADHA / P. CHADHA & ASSOCIATES.The company's voting result (opens in a new tab)
- To approve the appointment of Dr. Surulichamy Senthilkumar as a Director of the company liable to retire by rotation.Ordinary98.70% for1.30% against
Against: promoters 0.00% · institutions 0.00% · other public 7.46%
Turnout: all 54.58% · promoters 100.00% · institutions 69.46% · other public 17.38%
- To approve the appointment of Dr. Surulichamy Senthilkumar as a Wholetime director designated as a Director (R&D) of the company for a period of three years.Special98.70% for1.30% against
Against: promoters 0.00% · institutions 0.00% · other public 7.46%
Turnout: all 54.58% · promoters 100.00% · institutions 69.46% · other public 17.38%
- To consider and approve the transfer of the business to Ceph Lifesciences Private Limited as a going concern on a ‘slump sale’ basis.Special98.29% for1.71% against
Against: promoters 0.00% · institutions 0.00% · other public 9.83%
Turnout: all 54.58% · promoters 100.00% · institutions 69.46% · other public 17.38%
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, 21 Sep 2024, 6 resolutions
Present: 0 promoters and 59 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Standalone Financial Statements of the Company for the FY ended March 31, 2024, and the Reports of the Board of Directors and Auditors thereon and Consolidated Financial Statements of the Company for the FY ended March 31, 2024, and the Report of Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 1.07%
Turnout: all 44.66% · promoters 99.42% · institutions 1.52% · other public 0.31%
- To appoint a director in place of Mr. Puneet Sud (DIN – 09735713), who retires by rotation and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.23%
Turnout: all 44.66% · promoters 99.42% · institutions 1.52% · other public 0.31%
- To ratify the remuneration of Cost Auditors under section 148 of the Companies Act, 2013.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.26%
Turnout: all 44.66% · promoters 99.42% · institutions 1.52% · other public 0.31%
- To consider and approve Scheme of Loan to be granted to Chairman & Managing Director/ Wholetime Directors of the Company.SpecialPromoters have an interest in it98.89% for1.11% against
Against: promoters 0.00% · institutions 100.00% · other public 1.87%
Turnout: all 44.66% · promoters 99.42% · institutions 1.52% · other public 0.31%
- To consider and approve the re-appointment of Mr. Sanjiv Goyal (DIN – 00002841) as a Chairman & Managing Director of the Company.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.20% · other public 1.53%
Turnout: all 44.66% · promoters 99.42% · institutions 1.52% · other public 0.31%
- To consider and approve the re-appointment of Mr. Puneet Sud (DIN – 09735713) as a Wholetime Director designated as Director (Operations) of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.43%
Turnout: all 44.66% · promoters 99.42% · institutions 1.52% · other public 0.31%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 21 Sep 2023, 6 resolutions
Present: 0 promoters and 54 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Standalone Financial Statements of the Company for the year ended March 31, 2023 and the Reports of the Board of Directors and Auditors thereon and Consolidated Financial Statements of the Company for the year ended March 31, 2023 and the Report of Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 2.90%
Turnout: all 44.15% · promoters 99.42% · institutions 0.00% · other public 0.25%
- To appoint a director in place of Mr. Sanjiv Goyal (DIN – 00002841), who retires by rotation and being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 6.20%
Turnout: all 44.15% · promoters 99.42% · institutions 0.00% · other public 0.25%
- To ratify the remuneration of Cost Auditors under section 148 of the Companies Act, 2013Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 3.31%
Turnout: all 44.15% · promoters 99.42% · institutions 0.00% · other public 0.25%
- To approve the Contribution/ Donation to Bonafide Charitable FundsOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 6.79%
Turnout: all 44.15% · promoters 99.42% · institutions 0.00% · other public 0.24%
- To consider and approve the re-appointment of Dr. Rupinder Tewari as an Independent Director for the second term of consecutive five yearsSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 3.24%
Turnout: all 44.15% · promoters 99.42% · institutions 0.00% · other public 0.25%
- To consider and approve the revision in remuneration of Mr. Puneet Sud, Whole Time Director for rest of his tenureSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 7.02%
Turnout: all 44.15% · promoters 99.42% · institutions 0.00% · other public 0.25%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 20 Dec 2022, 2 resolutions
The company's voting result (opens in a new tab)
- TO APPROVE THE APPOINTMENT OF MR. PUNEET SUD AS A DIRECTOR OF THE COMPANY LIABLE TO RETIRE BY ROTATIONOrdinary99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 20.35%
Turnout: all 44.16% · promoters 99.42% · institutions 0.00% · other public 0.27%
- TO APPROVE THE APPOINTMENT OF MR. PUNEET SUD AS A WHOLETIME DIRECTOR DESIGNATED AS A DIRECTOR (OPERATIONS) OF THE COMPANY AND TO HOLD OFFICE FOR A PERIOD OF TWO YEARS.Special99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 20.26%
Turnout: all 44.16% · promoters 99.42% · institutions 0.00% · other public 0.27%
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, 21 Sep 2022, 7 resolutions
Present: 1 promoter and 51 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Standalone Financial Statements of the company for the year ended March 31, 2022 and the Reports of the Board of Directors and Auditors thereon and Consolidated Financial Statements of the Company for the year ended March 31, 2022 and the Report of Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 5.74%
Turnout: all 44.13% · promoters 99.42% · institutions 0.00% · other public 0.15%
- To appoint a director in place of Mr. Sanjiv Goyal (DIN – 00002841), who retires by rotation and being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 9.49%
Turnout: all 44.13% · promoters 99.42% · institutions 0.00% · other public 0.15%
- To appoint M/s Deepak Jindal & Co, Chartered Accountants as Statutory Auditors from the conclusion of this AGM until the conclusion of thirty second AGM and to fix their remunerationOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 9.05%
Turnout: all 44.13% · promoters 99.42% · institutions 0.00% · other public 0.15%
- To ratify the remuneration of Cost Auditors under section 148 of the Companies Act, 2013Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 5.82%
Turnout: all 44.13% · promoters 99.42% · institutions 0.00% · other public 0.15%
- To approve the Contribution/ Donation to Bonafide Charitable FundsOrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 22.62%
Turnout: all 44.13% · promoters 99.42% · institutions 0.00% · other public 0.15%
- To approve the Special Incentive/ Bonus to Chairman & Managing DirectorSpecialPromoters have an interest in it99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 66.73%
Turnout: all 44.13% · promoters 99.42% · institutions 0.00% · other public 0.15%
- To approve the appointment of Dr. Indu Pal Kaur as an Independent Director of the Company to hold office for a first term of five years and shall not be liable to retire by rotationSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 6.36%
Turnout: all 44.13% · promoters 99.42% · institutions 0.00% · other public 0.15%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 28 Feb 2026, 2 fund houses
- TO APPROVE THE APPOINTMENT OF MR. SUSHIL KAPOOR AS A DIRECTOR OF THE COMPANY LIABLE TO RETIRE BY ROTATION2 for0 against
- TO APPROVE THE APPOINTMENT OF MR. SUSHIL KAPOOR AS A WHOLETIME DIRECTOR DESIGNATED AS A DIRECTOR (FINANCE) OF THE COMPANY FOR A PERIOD OF THREE YEARS2 for0 against
- TO ADOPT THE NEW SET OF MEMORANDUM OF ASSOCIATION ("MOA") WITH AMENDED OBJECT CLAUSE OF THE COMPANY
Against Bandhan Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Transparency Concern: Inadequate justification for insertion of additional sub-clauses in the Object Clause.
0 for2 against
Mutual fund votes, meeting of 29 Sep 2025, 1 fund house
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To receive, consider and adopt the Standalone Financial Statements of the Company for the financial year ended March 31, 2025 and the Reports of the Board of Directors and Auditors thereon and Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 and the Report of Auditors thereon.MoreLess
1 for0 against- To appoint a director in place of Mr. Sanjiv Goyal (DIN – 00002841), who retires by rotation and being eligible, offers himself for re-appointment.1 for0 against
- To consider and approve Appointment of Mr. Prince Chadha, proprietor of M/s. P. Chadha & Associates, Practicing Company Secretary as Secretarial Auditors and fix his remuneration1 for0 against
- To consider and approve the adoption of new set of Articles of Association of the Company1 for0 against
1 proposal not matched to one resolution
Ratification of remuneration of INR 2,00,000/- per annum plus tax(es) as applicable and re-imbursement of out of pocket expenses incurred in connection with the aforesaid audit, payable to M/s. V. Kumar and Associates (Firm registration no. 100137), appointed by the Board of Directors as Cost Auditors to conduct the audit of the cost records of the Company for the financial year ending March 31, 2026,MoreLess
1 for0 against
2 earlier meetings
Mutual fund votes, meeting of 21 Sep 2023, 1 fund house
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To receive, consider and adopt the Standalone Financial Statements of the Company for the year ended March 31, 2023 and the Reports of the Board of Directors and Auditors thereon and Consolidated Financial Statements of the Company for the year ended March 31, 2023 and the Report of Auditors thereonMoreLess
1 for0 against- To appoint a director in place of Mr. Sanjiv Goyal (DIN – 00002841), who retires by rotation and being eligible, offers himself for re-appointment1 for0 against
- To approve the Contribution/ Donation to Bonafide Charitable Funds1 for0 against
- To consider and approve the re-appointment of Dr. Rupinder Tewari as an Independent Director for the second term of consecutive five years1 for0 against
- To consider and approve the revision in remuneration of Mr. Puneet Sud, Whole Time Director for rest of his tenure1 for0 against
1 proposal not matched to one resolution
Ratification of remuneration of INR 2,00,000/- as also the payment of tax(es) as applicable and re-imbursement of out of pocket expenses, payable to V. KUMAR & ASSOCIATES (Firm registration no. 100137), appointed by the Board of Directors as Cost Auditors to conduct the audit of the cost records of the Company for the financial year ending March 31, 2024.MoreLess
1 for0 against
Mutual fund votes, meeting of 21 Sep 2022, 1 fund house
To receive, consider and adopt the Standalone Financial Statements of the company for the year ended March 31, 2022 and the Reports of the Board of Directors and Auditors thereon and Consolidated Financial Statements of the Company for the year ended March 31, 2022 and the Report of Auditors thereon.MoreLess
1 for0 against- To appoint a director in place of Mr. Sanjiv Goyal (DIN – 00002841), who retires by rotation and being eligible, offers himself for re-appointment1 for0 against
- To appoint M/s Deepak Jindal & Co, Chartered Accountants as Statutory Auditors from the conclusion of this AGM until the conclusion of thirty second AGM and to fix their remuneration1 for0 against
- To ratify the remuneration of Cost Auditors under section 148 of the Companies Act, 20131 for0 against
- To approve the Contribution/ Donation to Bonafide Charitable Funds1 for0 against
- To approve the Special Incentive/ Bonus to Chairman & Managing Director1 for0 against
- To approve the appointment of Dr. Indu Pal Kaur as an Independent Director of the Company to hold office for a first term of five years and shall not be liable to retire by rotation1 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 disputeDeputy Commissioner of Income Tax, Central Circle - 1, ChandigarhSince 29 Apr 2022Pending before Commissioner of Income Tax (Appeals), Gurgaon.
At the filing before: The Tax impact of Rs. 11.37 crores (by way of reduction in MAT credit) on account of various additions/ disallowances for AY 2015-16. The case is pending before Commissioner of Income Tax (Appeals), Gurgaon.MoreLess
- Tax disputeDeputy Commissioner of Income Tax, Central Circle - 1, Chandigarh through The Principal Commissioner of Income Tax (Central), GurugramSince 1 Oct 2022Pending before Hon'ble High Court of Punjab and Haryana.
At the filing before: The Tax impact of Rs. 10.83 crores (by way of reduction in MAT credit) on account of addition of power plant profitability for AY 2014-15. The case is pending before Hon'ble High Court of Punjab and Haryana.MoreLess
- Tax disputeDeputy Commissioner of Income Tax, Central Circle - 1, Chandigarh through The Principal Commissioner of Income Tax (Central), GurugramSince 2 Nov 2022Pending before Hon'ble High Court of Punjab and Haryana.
At the filing before: The Tax impact of Rs. 8.23 crores (by way of reduction in MAT credit) on account of addition of power plant profitability for AY 2015-16. The case is pending before Hon'ble High Court of Punjab and Haryana.MoreLess
- Tax disputeDeputy Commissioner of Income Tax, Central Circle - 1, ChandigarhSince 16 Mar 2024Pending before Hon'ble Income Tax Appellate Tribunal Chandigarh.
At the filing before: The Tax impact of Rs. 19.38 crores (by way of reduction in MAT credit) on account of various additions/ disallowances for AY 2016-17. The case is pending before Hon'ble Income Tax Appellate Tribunal Chandigarh.MoreLess
- Tax disputeDeputy Commissioner of Income Tax, Central Circle - 1, ChandigarhSince 18 Mar 2024Pending before Hon'ble Income Tax Appellate Tribunal Chandigarh.
At the filing before: The Tax impact of Rs. 14.09 crores (by way of reduction in MAT credit) on account of various additions/ disallowances for AY 2018-19. The case is pending before Hon'ble Income Tax Appellate Tribunal Chandigarh.MoreLess
- Tax disputeDeputy Commissioner of Income Tax, Central Circle - 1, ChandigarhSince 18 Mar 2024Pending before Hon'ble Income Tax Appellate Tribunal Chandigarh.
At the filing before: The Tax impact of Rs. 13.17 crores (by way of reduction in MAT credit) on account of various additions/ disallowances for AY 2019-20. The case is pending before Hon'ble Income Tax Appellate Tribunal Chandigarh.MoreLess
- Tax disputeDeputy Commissioner of Income Tax, Central Circle - 1, ChandigarhSince 18 Mar 2024Pending before Hon'ble Income Tax Appellate Tribunal Chandigarh.
At the filing before: The Tax impact of Rs. 10.65 crores (by way of reduction in MAT credit) on account of various additions/ disallowances for AY 2020-21. The case is Pending before Hon'ble Income Tax Appellate Tribunal Chandigarh.MoreLess
- Tax disputeDeputy Commissioner of Income Tax, Central Circle - 1, ChandigarhSince 20 Mar 2024Pending before Hon'ble Income Tax Appellate Tribunal Chandigarh.
At the filing before: Tax impact of Rs. 20.02 crores (by way of reduction in MAT credit) on account of various additions/ disallowances for AY 2017-18. The case is pending before Hon'ble Income Tax Appellate Tribunal Chandigarh.MoreLess
11 more
- Tax disputeDeputy Commissioner of Income Tax, Central Circle - 1, ChandigarhSince 22 Nov 2024The objections filed by the Company for Assessment Year 2017-18 before the Deputy Commissioner of Income Tax, Central Circle - 1, Chandigarh have not yet been disposed off.
At the filing before: The Company had filed a writ petition in Punjab and Haryana High Court seeking quashing of notices under Section 148 and 148(A)b of Income Tax Act 1961 whereby reassessment of the return of income filed for the assessment years 2017-2018 to 2021- 22 has been sought by the IT department. The Hon''ble High Court has directed the IT department to decide objections/representations filed by the Company, by passing speaking order within eight weeks from date of this order. The company has filed objections to above notices. The objections from assessment years 2018-19 to 2021-22 have been rejected by Deputy Commissioner of Income Tax, Central Circle - 1, Chandigarh. The Company had filed writ petitions challenging notices u/s 148 for re- opening of Income Tax Cases of the company for the Ass. Years 2018-19 to 2021-22 before Punjab & Haryana High Court, which have been allowed in favour of the Company vide orders dated 01.05.2025 & 07.05.2025. The objections filed by the Company for Assessment Year 2017-18 before the Deputy Commissioner of Income Tax, Central Circle - 1, Chandigarh have not yet been disposed off.MoreLess
- Tax disputeDeputy Commissioner of Income Tax, Central Circle - 1, ChandigarhSince 16 Mar 2024Pending before Hon'ble Income Tax Appellate Tribunal Chandigarh.
At the filing before: Tax impact of Rs. 1.00 crores on account of various additions/ disallowances for Assessment Year (AY) - 2021-22. On 16.03.2024, it was not disclosed as it was not material at that time. However, materiality threshold has been reduced after finalisation of accounts of FY 2023-24. The Company has filed the appeal on 16.03.2024 which is pending before Hon'ble Income Tax Appellate Tribunal Chandigarh.MoreLess
- Tax disputeDy. Comm. CGST DerabassiSince 1 Nov 2022The matter is pending before CESTAT, Chandigarh
At the filing before: The Company had imported raw materials under Advance Licences issued by the Directorate General of Foreign Trade and availed exemption from applicable duties. However, due to shortage and/or cancellation of export orders, the Company was unable to fulfill the prescribed export obligations. Accordingly, the Company paid the applicable duties along with interest for closure of the Advance Licences. Subsequently, the Company applied for a refund of such duties; however, the refund claims were rejected by the Deputy Commissioner. The matter is currently pending before the Customs Excise and Service Tax Appellate Tribunal (“CESTAT”), Chandigarh. In the event of a favourable decision, the Company would be entitled to a refund of Rs. 2.15 crore. In case of an adverse decision, no further financial liability is expected to arise.MoreLess
- Tax disputeDy. Comm. CGST DerabassiSince 4 Jan 2023The matter is pending before CESTAT, Chandigarh
At the filing before: The Company imported raw materials under Advance Licences issued by the Directorate General of Foreign Trade and availed exemption from applicable duties. However, due to shortage and/or cancellation of export orders, the Company was unable to fulfill the stipulated export obligations. Accordingly, the Company paid the applicable duties along with interest for closure of the Advance Licences. Thereafter, the Company filed refund claims, which were initially rejected by the Assistant/Deputy Commissioner, GST, Derabassi. On appeal, the Commissioner (Appeals), GST, Ludhiana allowed the Company’s claims. Subsequently, the Assistant/Deputy Commissioner, GST, Derabassi filed a further appeal against the order of the Commissioner (Appeals). Pending adjudication, the Company has received a refund of ₹52.07 crore in accordance with applicable GST refund provisions. The matter is currently pending before the CESTAT, Chandigarh. In the event of an adverse decision, the Company would be required to reverse the refund amount of Rs. 52.07 crore along with applicable interest at 12% per annum from the date of receipt of the refund. Raw materials imported against Advance license issued by Directorate General of Foreign Trade ("DGFT") and exemption of Duties was availed by the Company. However, due to Shortage / Cancelation of export orders, export obligations could not be fulfilled, and the duties were paid with interest for closure of Advance licenses. Therefore, we had applied for refunds of the same which was rejected by Assistant Commissioner ("AC") Goods and Services Taxes ("GST"), Derabassi. Despite that, the same was allowed by Commissioner Appeals GST Ludhiana. Now, AC/Deputy Commissioner ("DC") GST Derabassi had filed an appeal against the order of Commissioner Appeals but allowed us refund of 52.07 Crore as per GST refund rules. In case the matter will be decided against the Company, then the Company has to reverse the refund amount of Rs. 52.07 Crore along with interest @ 12% from the date of receipt of refund amount. The matter is pending before CESTAT, ChandigarhMoreLess
- Tax disputeCGST Commissioner Jammu.Since 31 Jan 2023The matter is pending before CESTAT, Chandigarh
At the filing before: The Company was availing benefits of Notification No. 56/2002CE Dt. 14.11.2002 through self-credit facility in respect of refund paid through Account Current on the product named Menthol' at Jammu Unit. The aforesaid Notification was amended vide another Notification No. 34/2008 dated 10.06.2008 and the credit was allowed for duties paid through PLA only of 56 % of value addition whichever is lower. The Refund amount of Rs. 3.61 Crore has to be reversed along with 12% interest. The matter is pending before CESTAT, ChandigarhMoreLess
- Tax disputeOffice of the Principal Commissioner of Customs (Adjudication), New Custom House, Ballard Estate, Mumbai.Since 27 Dec 2023The matter is pending before CESTAT, Mumbai
At the filing before: The Principal Commissioner of Customs (Adjudication), New Custom House, Ballard Estate, Mumbai has observed the non-compliance of "Pre-import condition" set out in notification no. 79/2017 dated October 13, 2017. The company has already paid the principal of Rs. 2,35,59,071/- along with interest of Rs. 1,97,79,890/- and is now contesting for recovery of wrong recovery of interest of Rs. 1,97,79,890/- and penalty. Date of Adjudication/ date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: March 14, 2024. Appeal filed on 25.04.2024 with Hon'ble CESTAT, Mumbai.MoreLess
- Tax disputeAdditional Commissioner GST Sub. Commissionerate, Mohali, ChandigarhSince 21 Feb 2024
The Principal Commissioner of CGST Commissionerate, Ludhiana, has filled Civil writ petition with Hon’ble High Court of Punjab and Haryana, challenging the aforesaid order dated May 27, 2025, of Commissioner (Appeal) The Company strongly contests the contentions raised in the said writ petition and shall file an appropriate response before the Hon’ble High Court. The matter has been fixed for hearing on September 24, 2026 The Compliant u/s 132 is pending in the Court of Chief Judicial Magistrate, Ludhiana.MoreLess
At the filing before: The Company filed an appeal on May 21, 2024 before the Commissioner (Appeals), GST Commissionerate, Ludhiana, against the order dated February 21, 2024 passed by the Additional Commissioner. Subsequently, the Commissioner (Appeals), vide order dated May 27, 2025, has held as under: 1. Confirmed only Rs. 17.06 lakh of ineligible ITC (CGST Rs. 8.53 lakh and SGST Rs. 8.53 lakh) and imposed an equivalent penalty. The balance demand of Rs. 89.32 crore, along with interest and penalties, has been fully dropped. 2. Remanded the demand of Rs. 6.24 crore to the proper officer for de novo adjudication in accordance with GST law, along with appropriation of taxes and interest already paid. 3. Quashed the penalties imposed on Mr. Sanjiv Goyal, Chairman & Managing Director, and Mr. R. K. Aggarwal and Mr. Sandeep Goel, former employees of the Company. Further, a complaint under Section 132 of the CGST Act, 2017 read with the provisions of the IGST Act, 2017 has been filed by the Superintendent (Anti-Evasion), CGST Commissionerate, Ludhiana, before the Court of the Chief Judicial Magistrate, Ludhiana. The matter is currently pending.MoreLess
- Tax disputeCommissioner of Central Excise and Service Tax, Chandigarh II against the order of Customs Excise and Service Tax Appellate Tribunal ("CESTAT") passed in favour of the Company.Since 1 Mar 2024Pending before Hon'ble High Court of Punjab and Haryana at Chandigarh.
At the filing before: The matter pertains to an appeal filed by the department against the order of CESTAT passed on August 28, 2018. The matter as alleged is regarding probably wrong availment of cenvat credit amounting to Rs. 21,20,43,117/- (cenvat of Rs. 20,58,67,104/- + Education Cess of Rs. 41,17,342/- and Secondary and Higher Education ("SHE") Cess of Rs. 20,58,671/-) during the period from 12/2007 to 02/2010 on Menthol products hereinafter called as impugned goods which appeared to the Department has been fraudulently passed on to the Company by M/s Narbada Industries Jammu, a wholly owned unit of the Company. The Department observes that it appears to them that the impugned goods have not been produced by M/s Narbada Industries, Jammu but it only resorted to the creation of fraudulent documents showing protection, removal and transport of goods on paper. In case the matter is decided against the Company, the credit of Rs. 21,20,43,117/- along with interest and penalty would have to be reversed. However, the Appeal for that would lie with Supreme Court if required. Matter is pending before Hon'ble High Court of Punjab and Haryana at Chandigarh.MoreLess
- Tax disputeCGST Commissioner LudhianaSince 25 Sep 2024The CWP is pending with Hon'ble High Court of Punjab and Haryana. The Company would seek interest for the undue block period.
At the filing before: An amount of Rs.16.61 crore of Input Tax Credit (“ITC”) was blocked by the CGST Commissioner, Ludhiana. The Company filed a writ petition bearing CWP-1696-2025-GST dated January 20, 2025, before the Hon’ble High Court of Punjab and Haryana. As at that stage, the ITC amount of Rs. 16.61 crore remained blocked and unutilized. Subsequently, the ITC amounting to Rs. 16,61,81,454/- was unblocked on June 30, 2025 by the CGST Commissioner, Ludhiana, possibly pursuant to the order dated May 27, 2025 passed by the Commissioner (Appeals) in favour of the Company in a separate matter, as disclosed at Sr. No. 15.MoreLess
- Tax disputeAssistant Commissioner Central Goods & Service Tax, Division-II, Derabassi Mohali (Punjab) (Asst. Commissioner)Since 20 Nov 2024The matter is pending with Commissioner (Appeals).
At the filing before: The Asst. Commissioner passed an order that in Financial Year 2021-22, the Company has excess availed Input Tax Credit ("ITC") amounting to Rs.1,01,88,649/- alongwith interest and penalty in GSTR3B as comparison to available in GSTR2A. The ITC availed by the Company is not an eligible ITC as per Section 16 read with Rule 36 of CGST Rules 2017 as challan (TR-6) is not a valid document to avail ITC. However, the Company had paid challans (TR-6) of import duty (IGST) at Customs amounting to Rs. 1,01,88,649/- on imports done against advance license (Bill of entries pertaining to the period 2017-18 and 2018-19) in month of February 2022. The Company filed an appeal on 22.01.2025 with Commissioner (Appeals) against the order passed by Asst. Commissioner. The financial implication were: In case the matter is decided against the Company by Commissioner (Appeals), there would be reversal of ITC of Rs. 1,01,88,649/- along with interest and penalty thereon. However, the Appeal for that would lie with CESTAT, then High Court and Supreme Court if requiredMoreLess
- Tax disputeOffice of Assistant Commissioner, Central GST, Division-II, Derabassi, Zirakpur, Distt. Mohali-140603 (Adjudicating Authority)Since 25 Jun 2025
The Company has received a OIO dated August 26, 2025 issued by Assistant Commissioner in connection with rejection of the refund claimed totalling Rs. 3,50,18,429/-. The Company has filled appeal on October 09, 2025 with Commissioner (Appeals) against the order passed by Asst. Commissioner. In case the matter gets decided in favour, the Company will get a refund of Rs. 3.50 Crore.MoreLess
At the filing before: The Advance license issued by DGFT and exemption of duties was availed. However, due to Shortage / Cancelation of export orders, export obligations could not be fulfilled. Despite that, the duties were paid with interest for closure of Advance licenses. Therefore, the Company had applied for refunds of the same for the period of 2016-17. The Company has received a SCN dated June 25, 2025, issued by Adjudicating Authority asking why the refund claim of Rs. 3,50,18,429/- should not be rejected. The Company is of the opinion that the SCN has no merits and the Company would make its submissions before the Adjudicating Authority within the given timelines.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
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.