Netweb Technologies India logo

Netweb Technologies India MD, chairman, board of directors and AGM

NSE: NETWEBBSE: 543945IT - ServicesSmall Cap

Last close ₹4,335.80down ₹257.10 (5.60%)BSE ₹4,335.85

Share price at the NSE close on 23 Oct 2026. Previous close ₹4,592.90.

52-week range of traded prices to 23 Oct 2026
₹2,920.00Low, 5 Dec 2025₹5,813.00High, 24 Aug 2026
Market cap
₹25,775 Cr336th largest listed
P/E
98.9
P/B
35.6
Dividend yield
0.07%
ROE
41.6%
ROCE
34.8%
Debt to equity
0.38
Volume, NSE
20,57,91229.0% delivered

Netweb Technologies India board of directors

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

  • Chairperson and managing directorSanjay Lodha
  • Company Secretary and Compliance OfficerLohit Chhabra

8 directors4 independent4 executive

  • Sanjay Lodha · Chairperson and managing directorExecutive · joined Sep 1999 · reappointed Aug 2026 · 1 listed board · 2 committee seats
  • Navin LodhaExecutive · joined Sep 1999 · reappointed Aug 2026 · 1 listed board · 1 committee seat
  • Niraj LodhaExecutive · joined Apr 2015 · reappointed Aug 2026 · 1 listed board
  • Vivek LodhaExecutive · joined Apr 2015 · reappointed Aug 2026 · 1 listed board
  • Mrutyunjay MahapatraIndependent · joined Feb 2023 · reappointed Feb 2023 · 43 months as independent · 2 listed boards · 2 as independent · 5 committee seats, 3 as chair
  • Romi JattaIndependent · joined Feb 2023 · reappointed Feb 2023 · 43 months as independent · 2 listed boards · 2 as independent · 1 committee seat, 1 as chair
  • Jasjeet Singh BaglaIndependent · joined Feb 2023 · reappointed Feb 2023 · 43 months as independent · 1 listed board · 1 as independent
  • Vikas ModiIndependent · joined Feb 2023 · reappointed Feb 2023 · 43 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 2 as chair

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

    • 17 Aug 20268 of 8 present4 independent · 19 days in between
    • 28 Jul 20267 of 8 present3 independent · 26 days in between
    • 1 Jul 20268 of 8 present4 independent · 59 days in between
    • 2 May 20268 of 8 present4 independent

  • Audit Committee

    Chair Vikas Modi

    Mrutyunjay Mahapatra, Sanjay Lodha

    • 17 Aug 20263 of 3 present2 independent · 19 days in between
    • 28 Jul 20263 of 3 present2 independent · 86 days in between
    • 2 May 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Jasjeet Singh Bagla

    Romi Jatta, Vikas Modi, Sanjay Lodha

    • 28 Jul 20263 of 4 present2 independent · 86 days in between
    • 2 May 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Romi Jatta

    Sanjay Lodha, Navin Lodha

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Mrutyunjay Mahapatra

    Sanjay Lodha, Navin Lodha

    • 21 Sep 20262 of 3 present1 independent · 141 days in between

  • Corporate Social Responsibility Committee

    Chair Sanjay Lodha

    Navin Lodha, Jasjeet Singh Bagla

    • 2 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.

  • S.S Kothari Mehta & Co LLPPeer-review certificate valid to Aug 2028
1 earlier auditor
  • S S kothari MehtaNamed in the filing for the quarter to Mar 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.

Netweb Technologies India 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.Netweb Technologies India dividend history

Annual general meeting, 19 Sep 2026

2,63,559 shareholders on the register on 11 Sep 2026; present: 5 promoters and 115 others; votes counted by Mr. P.C Jain / M/s P.C Jain & Co..The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements for the financial year ended 31st March 2026, together with the Reports of the Board of Directors and Auditor’s thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.44% · promoters 99.87% · institutions 75.24% · other public 2.01%

  2. To declare a final dividend of Rs. 3.00/- (i.e. 150% of the face value of equity shares of the Company) per equity share for the financial year ended on 31st March 2026
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.57% · promoters 99.87% · institutions 75.99% · other public 2.01%

  3. To appoint a director in place of Mr. Navin Lodha (DIN: 00461924), who retires by rotation, and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    98.12% for1.88% against

    Against: promoters 0.00% · institutions 7.45% · other public 0.03%

    Turnout: all 51.93% · promoters 59.90% · institutions 75.99% · other public 2.01%

  4. Ratification of the Cost Auditors’ remuneration for the financial year 2026-27
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.57% · promoters 99.87% · institutions 75.99% · other public 2.01%

  5. Payment of commission on Profits of the Company to Mr. Sanjay Lodha, Managing Director of the Company for FY 2025-26
    SpecialPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.10% · other public 0.12%

    Turnout: all 52.11% · promoters 60.19% · institutions 75.99% · other public 2.01%

  6. Payment of commission on Profits of the Company to Mr. Navin Lodha, Whole Time Director of the Company for the FY 2025-26
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.10% · other public 0.12%

    Turnout: all 64.75% · promoters 79.89% · institutions 75.99% · other public 2.01%

  7. Payment of commission on Profits of the Company to Mr. Vivek Lodha, Whole Time Director of the Company for FY 2025-26
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.10% · other public 0.12%

    Turnout: all 64.75% · promoters 79.89% · institutions 75.99% · other public 2.01%

  8. Payment of commission on Profits of the Company to Mr. Niraj Lodha, Whole Time Director of the Company for FY 2025-26
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.10% · other public 0.12%

    Turnout: all 64.75% · promoters 79.89% · institutions 75.99% · other public 2.01%

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, 1 Aug 2026, 1 resolution

5,69,40,687 shareholders on the register on 30 Jun 2026; votes counted by NIKHIL JAIN / M/S NIKHIL JAIN & ASSOCIATES.The company's voting result (opens in a new tab)

  1. RAISING OF FUNDS IN ONE OR MORE TRANCHES, BY ISSUANCE OF SECURITIES
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.09% · other public 0.93%

    Turnout: all 79.92% · promoters 99.99% · institutions 82.27% · other public 2.55%

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, 4 resolutions

2,34,761 shareholders on the register on 13 Feb 2026; votes counted by Nikhil Jain / Nikhil Jain & Associates.The company's voting result (opens in a new tab)

  1. RE-APPOINTMENT OF MR. SANJAY LODHA, CHAIRMAN AND MANAGING DIRECTOR [DIN: 00461913] OF A COMPANY FOR A TERM OF 5 YEARS AND PAYMENT OF REMUNERATION
    SpecialPromoters have an interest in it
    95.72% for4.28% against

    Against: promoters 0.00% · institutions 29.77% · other public 0.08%

    Turnout: all 78.82% · promoters 99.75% · institutions 80.84% · other public 3.56%

  2. RE-APPOINTMENT OF MR. NAVIN LODHA, WHOLE TIME DIRECTOR [DIN: 00461924] OF A COMPANY FOR A TERM OF 5 YEARS AND PAYMENT OF REMUNERATION
    SpecialPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.27% · other public 0.08%

    Turnout: all 78.82% · promoters 99.75% · institutions 80.84% · other public 3.56%

  3. RE-APPOINTMENT OF MR. VIVEK LODHA, WHOLE TIME DIRECTOR [DIN :00461917] OF A COMPANY FOR A TERM OF 5 YEARS AND PAYMENT OF REMUNERATION
    SpecialPromoters have an interest in it
    92.63% for7.37% against

    Against: promoters 0.00% · institutions 51.32% · other public 0.08%

    Turnout: all 78.82% · promoters 99.75% · institutions 80.84% · other public 3.56%

  4. RE-APPOINTMENT OF MR. NIRAJ LODHA, WHOLE TIME DIRECTOR [DIN :00746701] OF A COMPANY FOR A TERM OF 5 YEARS AND PAYMENT OF REMUNERATION
    SpecialPromoters have an interest in it
    91.11% for8.89% against

    Against: promoters 0.00% · institutions 61.88% · other public 0.08%

    Turnout: all 78.82% · promoters 99.75% · institutions 80.84% · other public 3.56%

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 2025, 9 resolutions

1,81,662 shareholders on the register on 22 Aug 2025; present: 6 promoters and 112 others; votes counted by Poonam Chand Jain / P.C JAIN & CO.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2025, together with the reports of the Board and the Auditor thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 84.49% · promoters 99.89% · institutions 94.00% · other public 4.32%

  2. To declare a final dividend of `2.50/- (i.e. 125% of the face value of equity shares of the Company) per equity share for the financial year ended on March 31, 2025.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 84.49% · promoters 99.89% · institutions 94.00% · other public 4.32%

  3. To appoint a director in place of Mr. Niraj Lodha (DIN: 00746701), who retires by rotation, and being eligible, offers himself for re-appointment.
    Ordinary
    93.56% for6.44% against

    Against: promoters 0.00% · institutions 42.24% · other public 0.02%

    Turnout: all 84.49% · promoters 99.89% · institutions 94.00% · other public 4.32%

  4. Ratification of the Cost Auditors’ remuneration for the financial year 2025-26
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 84.49% · promoters 99.89% · institutions 94.00% · other public 4.32%

  5. Payment of commission on Profits of the Company to Mr. Sanjay Lodha, Managing Director of the Company for FY 24-25
    SpecialPromoters have an interest in it
    98.75% for1.25% against

    Against: promoters 0.00% · institutions 5.42% · other public 0.17%

    Turnout: all 56.19% · promoters 60.03% · institutions 94.00% · other public 4.31%

  6. Payment of commission on Profits of the Company to Mr. Navin Lodha, Whole Time Director of the Company for FY 24-25
    SpecialPromoters have an interest in it
    99.17% for0.83% against

    Against: promoters 0.00% · institutions 4.51% · other public 0.17%

    Turnout: all 70.34% · promoters 79.96% · institutions 94.00% · other public 4.31%

  7. Payment of commission on Profits of the Company to Mr. Vivek Lodha, Whole Time Director of the Company for FY 24-25
    SpecialPromoters have an interest in it
    99.17% for0.83% against

    Against: promoters 0.00% · institutions 4.51% · other public 0.17%

    Turnout: all 70.58% · promoters 80.31% · institutions 94.00% · other public 4.31%

  8. Payment of commission on Profits of the Company to Mr. Niraj Lodha, Whole Time Director of the Company for FY 24-25
    SpecialPromoters have an interest in it
    99.31% for0.69% against

    Against: promoters 0.00% · institutions 4.51% · other public 0.17%

    Turnout: all 84.49% · promoters 99.89% · institutions 94.00% · other public 4.31%

  9. Appointment of M/s P.C Jain & Co as the Secretarial Auditors of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 84.49% · promoters 99.89% · institutions 94.00% · other public 4.32%

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

Postal ballot, 17 Oct 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. RATIFICATION OF THE NETWEB EMPLOYEE STOCK OPTION PLAN 2023
    Special
    88.63% for11.37% against

    Against: promoters 0.00% · institutions 65.94% · other public 0.57%

    Turnout: all 86.40% · promoters 99.72% · institutions 84.16% · other public 2.81%

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, 17 Aug 2024, 5 resolutions

Present: 5 promoters and 80 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements for the financial year ended 31st March 2024, together with the Reports of the Board of Directors and Auditor’s thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 86.23% · promoters 99.72% · institutions 82.80% · other public 3.49%

  2. To declare a final dividend of Rs. 2.00/- (i.e. 100% of the face value of equity shares of the Company) per equity share for the financial year ended on 31st March 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.95%

    Turnout: all 86.23% · promoters 99.72% · institutions 82.80% · other public 3.49%

  3. To appoint a director in place of Mr. Vivek Lodha (DIN: 00461917), who retires by rotation, and being eligible offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    98.55% for1.45% against

    Against: promoters 0.00% · institutions 4.31% · other public 0.05%

    Turnout: all 43.56% · promoters 39.95% · institutions 82.80% · other public 3.46%

  4. Ratification of the Cost Auditor's remuneration for the Financial Year 2024-2025
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 86.23% · promoters 99.72% · institutions 82.80% · other public 3.46%

  5. Payment of commission to the Managing Director and Whole Time Director of the company for Financial Year 2023-2024
    SpecialPromoters have an interest in it
    99.65% for0.35% against

    Against: promoters 0.00% · institutions 0.33% · other public 1.12%

    Turnout: all 15.12% · promoters 0.11% · institutions 82.80% · other public 3.49%

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.

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 19 Sep 2026, 10 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt the Audited Financial Statements for the financial year ended 31st March 2026, together with the Reports of the Board of Directors and Auditor’s thereon
    10 for0 against
  • To declare a final dividend of Rs. 3.00/- (i.e. 150% of the face value of equity shares of the Company) per equity share for the financial year ended on 31st March 2026
    10 for0 against
  • To appoint a director in place of Mr. Navin Lodha (DIN: 00461924), who retires by rotation, and being eligible, offers himself for re-appointment
    10 for0 against
  • Ratification of the Cost Auditors’ remuneration for the financial year 2026-27
    10 for0 against
  • Payment of commission on Profits of the Company to Mr. Sanjay Lodha, Managing Director of the Company for FY 2025-26
    10 for0 against
  • Payment of commission on Profits of the Company to Mr. Navin Lodha, Whole Time Director of the Company for the FY 2025-26
    10 for0 against
  • Payment of commission on Profits of the Company to Mr. Vivek Lodha, Whole Time Director of the Company for FY 2025-26
    10 for0 against
  • Payment of commission on Profits of the Company to Mr. Niraj Lodha, Whole Time Director of the Company for FY 2025-26
    10 for0 against

Mutual fund votes, meeting of 1 Aug 2026, 9 fund houses so far (houses' deadline to file 15 Oct 2026)

  • RAISING OF FUNDS IN ONE OR MORE TRANCHES, BY ISSUANCE OF SECURITIES
    9 for0 against
4 earlier meetings

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

  • RE-APPOINTMENT OF MR. SANJAY LODHA, CHAIRMAN AND MANAGING DIRECTOR [DIN: 00461913] OF A COMPANY FOR A TERM OF 5 YEARS AND PAYMENT OF REMUNERATION
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, The Wealth Company Mutual Fund
    • Angel One Mutual FundGovernance concern: Combined position of Chairman and Managing Director of the Company. Holding both the positions of Chairman and Executive Director by the same person may lead to concentration of powers in the hands of single person.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, The Wealth Company Mutual FundCompliant with law. No concern on the merits of proposed appointee. Governance concern: Mr. Sanjay Lodha holding combined position of Chairman and Managing Director of the Company. As a good corporate governance practices the Company should have separated the position of chairman from the executive position as holding both the positions of Chairman and Executive Director by the same person may lead to concentration of powers in the hands of single person.
    12 for7 against
  • RE-APPOINTMENT OF MR. NAVIN LODHA, WHOLE TIME DIRECTOR [DIN: 00461924] OF A COMPANY FOR A TERM OF 5 YEARS AND PAYMENT OF REMUNERATION
    19 for0 against
  • RE-APPOINTMENT OF MR. VIVEK LODHA, WHOLE TIME DIRECTOR [DIN :00461917] OF A COMPANY FOR A TERM OF 5 YEARS AND PAYMENT OF REMUNERATION
    19 for0 against
  • RE-APPOINTMENT OF MR. NIRAJ LODHA, WHOLE TIME DIRECTOR [DIN :00746701] OF A COMPANY FOR A TERM OF 5 YEARS AND PAYMENT OF REMUNERATION
    19 for0 against

Mutual fund votes, meeting of 30 Aug 2025, 18 fund houses

  • To receive, consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2025, together with the reports of the Board and the Auditor thereon.
    18 for0 against
  • To declare a final dividend of `2.50/- (i.e. 125% of the face value of equity shares of the Company) per equity share for the financial year ended on March 31, 2025.
    18 for0 against
  • To appoint a director in place of Mr. Niraj Lodha (DIN: 00746701), who retires by rotation, and being eligible, offers himself for re-appointment.
    18 for0 against
  • Ratification of the Cost Auditors’ remuneration for the financial year 2025-26
    18 for0 against
  • Payment of commission on Profits of the Company to Mr. Sanjay Lodha, Managing Director of the Company for FY 24-25
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance concern: Combined position of Chairman & Managing Director may lead to concentration of powers in the hands of single person.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: Combined position of Chairman & MD
    13 for5 against
  • Payment of commission on Profits of the Company to Mr. Navin Lodha, Whole Time Director of the Company for FY 24-25
    18 for0 against
  • Payment of commission on Profits of the Company to Mr. Vivek Lodha, Whole Time Director of the Company for FY 24-25
    18 for0 against
  • Payment of commission on Profits of the Company to Mr. Niraj Lodha, Whole Time Director of the Company for FY 24-25
    18 for0 against
  • Appointment of M/s P.C Jain & Co as the Secretarial Auditors of the Company
    18 for0 against

Mutual fund votes, meeting of 17 Oct 2024, 11 fund houses

  • RATIFICATION OF THE NETWEB EMPLOYEE STOCK OPTION PLAN 2023
    Against 360 One Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Invesco Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • 360 One Mutual FundMandatory disclosures (exercise price, exercise period, vesting period, vesting criteria etc.) are left to be determined upto NRC discretion. Separate Approval is required to be obtained for the extension of the scheme to employees of group companies and grant of options exceeding 1% of issued capital to a single employee.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliance with SEBI SBEB Regulations: Mandatory disclosures are left to be determined upto NRC discretion; Separate Approval is required to be obtained for the extension of the scheme to employees of group companies and grant of options exceeding 1% of issued capital to a single employee
    • Bank of India Mutual FundAs per Netweb Employee Stock Option Plan 2023, 2.5 mn options will be issued. The company had, prior to its IPO, granted 905,472 options, out of which 603,648 options are yet to be exercised. The exercise price of the options shall be determined by the NRC. The exercise price of the options granted prior to IPO was the face value of the equity shares (Rs. 2 per option). ESOPs are ‘pay at risk’ options that employees accept at the time of grant, which is protected if the ESOPs are issued at significant discount to the market price. Such practices do not align the interests of investors and employees. The company has neither disclosed the vesting criteria (performance based/tenure based) nor performance metrics on the basis of which the options will vest. The company has not specified the exercise period or the maximum vesting period of the ESOPs. We do not support the resolution.
    • HDFC Mutual FundESOPs have been granted at face value which is a deep discount to market price. In the case of deeply discounted options, there is no alignment between the interests of investors and those of employees.
    • Invesco Mutual FundAs per Netweb Employee Stock Option Plan 2023, 2.5 mn options will be issued. The company had, prior to its IPO, granted 905,472 options, out of which 603,648 options are yet to be exercised. The exercise price of the options shall be determined by the NRC. The exercise price of the options granted prior to IPO was the face value of the equity shares (Rs. 2 per option). ESOPs are ‘pay at risk’ options that employees accept at the time of grant, which is protected if the ESOPs are issued at significant discount to the market price. Such practices do not align the interests of investors and employees. The company has neither disclosed the vesting criteria (performance based/tenure based) nor performance metrics on the basis of which the options will vest. The company has not specified the exercise period or the maximum vesting period of the ESOPs. We do not support the resolution
    • Nippon India Mutual FundSeparate Approval is required to be obtained for the extension of the scheme to employees of group companies and grant of options exceeding 1% of issued capital to a single employee
    3 for8 against

Mutual fund votes, meeting of 17 Aug 2024, 11 fund houses

  • To receive, consider and adopt the Audited Financial Statements for the financial year ended 31st March 2024, together with the Reports of the Board of Directors and Auditor’s thereon.
    11 for0 against
  • To declare a final dividend of Rs. 2.00/- (i.e. 100% of the face value of equity shares of the Company) per equity share for the financial year ended on 31st March 2024.
    11 for0 against
  • To appoint a director in place of Mr. Vivek Lodha (DIN: 00461917), who retires by rotation, and being eligible offers himself for re-appointment.
    11 for0 against
  • Ratification of the Cost Auditor's remuneration for the Financial Year 2024-2025
    11 for0 against
  • Payment of commission to the Managing Director and Whole Time Director of the company for Financial Year 2023-2024
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Combined position of Chairman & MD.
    8 for3 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
Yes
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.

How money raised was used

Reported for the quarter to Jun 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Public IssuesJul 2023, checked by CRISIL RATINGS LIMITED631.00Funding Capital Expenditure requirements Civil construction of the building for the SMT line and interior development7.317.31No
Public IssuesJul 2023, checked by CRISIL RATINGS LIMITED631.00Funding Capital Expenditure requirements Purchase of equipment/machineries for new SMT production line13.6613.66No
Public IssuesJul 2023, checked by CRISIL RATINGS LIMITED631.00Funding long-term working capital requirements128.02128.02No
Public IssuesJul 2023, checked by CRISIL RATINGS LIMITED631.00Repayment or pre-payment, in full or in part, of certain of outstanding borrowings22.5022.50No
Public IssuesJul 2023, checked by CRISIL RATINGS LIMITED631.00General Corporate Purposes22.5322.53No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.