Nilkamal MD, chairman, board of directors and AGM
NSE: NILKAMALBSE: 523385Consumer DurablesSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹1,690.40.
- Next results date: the board meets on 29 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹2,421 Cr1,167th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 1 Aug 2026
- 19.4
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹15 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 17.3
- 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 14 May 2026
- 1.5
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.23%
- 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 1 Aug 2026
- 8.1%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹15 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 9.1%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 1 Aug 2026
- 10.8%
- 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 14 May 2026
- 0.16
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 29,34760.2% delivered
Nilkamal 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
- ChairpersonSHARAD VRAJLAL PAREKHRelated to the promoter
- Managing directorHITEN VAMANRAI PAREKH
- Managing directorMANISH VAMANRAI PAREKH
- Managing directorNAYAN SHARAD PAREKH
- Company Secretary and Compliance OfficerSAGAR MEHTA
8 directors4 independent3 executive1 non-executive
- SHARAD VRAJLAL PAREKH · ChairpersonNon-executive · joined Jun 1990 · reappointed Aug 2025 · 0 months as independent · 1 listed board · 2 committee seats, 1 as chair
- HITEN VAMANRAI PAREKH · Managing directorExecutive · joined Dec 1985 · reappointed Apr 2025 · 0 months as independent · 1 listed board · 1 committee seat
- MANISH VAMANRAI PAREKH · Managing directorExecutive · joined Apr 2000 · reappointed Apr 2025 · 0 months as independent · 1 listed board
- NAYAN SHARAD PAREKH · Managing directorExecutive · joined Apr 2000 · reappointed Apr 2025 · 0 months as independent · 1 listed board
- KAVITA RAKESH SHAHIndependent · joined Sep 2023 · reappointed Sep 2023 · 36 months as independent · 2 listed boards · 2 as independent · 5 committee seats, 2 as chair
- ASHOK KUMAR GOELIndependent · joined Nov 2023 · reappointed Nov 2023 · 35 months as independent · 3 listed boards · 2 as independent · 1 committee seat
- ABHAY ROHIT JADEJAIndependent · joined May 2024 · reappointed May 2024 · 28 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 1 as chair
- GAUTAM CHAKRAVARTIIndependent · joined Jul 2025 · reappointed Jul 2025 · 14 months as independent · 1 listed board · 1 as independent
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
- K. VENKATARAMANAN, left 14 Aug 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 1 Aug 20267 of 8 present3 independent
- 14 May 20267 of 8 present4 independent
Audit Committee
Chair KAVITA RAKESH SHAH
ABHAY ROHIT JADEJA, SHARAD VRAJLAL PAREKH
- 1 Aug 20263 of 3 present2 independent · 78 days in between
- 14 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair ASHOK KUMAR GOEL
KAVITA RAKESH SHAH, ABHAY ROHIT JADEJA
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair SHARAD VRAJLAL PAREKH
HITEN VAMANRAI PAREKH, ABHAY ROHIT JADEJA
- 1 Aug 20263 of 3 present1 independent
- 14 May 20263 of 3 present1 independent
Risk Management Committee
Chair GAUTAM CHAKRAVARTI
HITEN VAMANRAI PAREKH, MANISH VAMANRAI PAREKH, NAYAN SHARAD PAREKH
- 3 Sep 20264 of 4 present1 independent
- 17 Feb 20264 of 4 present1 independent
Corporate Social Responsibility Committee
Chair ASHOK KUMAR GOEL
HITEN VAMANRAI PAREKH, NAYAN SHARAD PAREKH
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.
- S R B C & CO LLPPeer-review certificate valid to Feb 2029
1 earlier auditor
- S R B C &CO LLPNamed in filings from Sep 2025 to Dec 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.
Nilkamal 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.Nilkamal dividend history
Annual general meeting, 17 Jul 2026
21,975 shareholders on the register on 10 Jul 2026; present: 14 promoters and 48 others; votes counted by Mr. Bhaskar Upadhyay / N. L. Bhatia & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026 together with the Reports of the Board of Directors and Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 78.62% · promoters 100.00% · institutions 97.68% · other public 3.81%
- To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 together with the Report of the Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 78.62% · promoters 100.00% · institutions 97.68% · other public 3.81%
- To declare final dividend of Rs. 20 per equity share of face value Rs. 10 each for the financial year ended March 31, 2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 78.65% · promoters 100.00% · institutions 97.92% · other public 3.81%
- To appoint a director in place of Mr. Manish V. Parekh (DIN: 00037724), who retires by rotation and being eligible, offers himself for re-appointment.Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.08% · other public 0.13%
Turnout: all 78.65% · promoters 100.00% · institutions 97.92% · other public 3.81%
- Ratification of Remuneration of Cost AuditorsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 78.65% · promoters 100.00% · institutions 97.92% · other public 3.81%
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.
Postal ballot, 23 Sep 2025, 1 resolution
22,660 shareholders on the register on 15 Aug 2025; votes counted by Mr. Bhaskar Upadhyay / N. L. Bhatia & Associates.The company's voting result (opens in a new tab)
- Appointment of Mr. Gautam G. Chakravarti (DIN 00004399) as a Non-Executive Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.33%
Turnout: all 80.24% · promoters 100.00% · institutions 97.95% · other public 3.14%
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 Jul 2025, 7 resolutions
22,474 shareholders on the register on 11 Jul 2025; present: 15 promoters and 34 others; votes counted by Mr. Bhaskar Upadhyay / N. L. Bhatia & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025 together with the Reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 80.54% · promoters 100.00% · institutions 97.78% · other public 4.76%
- To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 together with the Report of the Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 80.54% · promoters 100.00% · institutions 97.78% · other public 4.76%
- To declare final dividend of Rs. 20 per equity share of face value Rs. 10 each for the financial year ended March 31, 2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 80.57% · promoters 100.00% · institutions 97.99% · other public 4.76%
- To appoint a director in place of Mr. Hiten V. Parekh (DIN: 00037550), 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 0.05%
Turnout: all 80.57% · promoters 100.00% · institutions 97.99% · other public 4.76%
- Approval for continuation of Mr. Sharad V. Parekh (DIN: 00035747) as Non-Executive and Non-Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 80.57% · promoters 100.00% · institutions 97.99% · other public 4.76%
- Ratification of Remuneration of Cost Auditors.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 80.57% · promoters 100.00% · institutions 97.99% · other public 4.76%
- Appointment of Secretarial Auditors of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 80.57% · promoters 100.00% · institutions 97.99% · other public 4.76%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 8 May 2025, 6 resolutions
22,382 shareholders on the register on 28 Mar 2025; votes counted by Mr. Bhaskar Upadhyay / N. L. Bhatia & Associates.The company's voting result (opens in a new tab)
- To approve re-appointment of Mr. Hiten V. Parekh (DIN: 00037550) as the Executive Director designated as Managing Director of the CompanySpecial99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 2.17%
Turnout: all 81.39% · promoters 100.00% · institutions 97.41% · other public 9.17%
- To approve payment of remuneration to Mr. Hiten V. Parekh (DIN: 00037550) as the Executive Director designated as Managing Director of the Company.SpecialPromoters have an interest in it99.94% for0.06% against
Against: promoters 0.00% · institutions 0.00% · other public 2.18%
Turnout: all 69.32% · promoters 81.29% · institutions 97.41% · other public 9.17%
- To approve re-appointment of Mr. Manish V. Parekh (DIN: 00037724) as the Executive Director designated as Joint Managing Director of the CompanySpecial99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 2.17%
Turnout: all 81.39% · promoters 100.00% · institutions 97.41% · other public 9.17%
- To approve payment of remuneration to Mr. Manish V. Parekh (DIN: 00037724) as the Executive Director designated as Joint Managing Director of the Company.SpecialPromoters have an interest in it99.94% for0.06% against
Against: promoters 0.00% · institutions 0.00% · other public 2.18%
Turnout: all 71.23% · promoters 84.26% · institutions 97.41% · other public 9.17%
- To approve re-appointment of Mr. Nayan S. Parekh (DIN: 00037597) as the Executive Director designated as Joint Managing Director of the Company.Special99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 2.17%
Turnout: all 81.39% · promoters 100.00% · institutions 97.41% · other public 9.17%
- To approve payment of remuneration to Mr. Nayan S. Parekh (DIN: 00037597) as the Executive Director designated as Joint Managing Director of the Company.SpecialPromoters have an interest in it99.94% for0.06% against
Against: promoters 0.00% · institutions 0.00% · other public 2.18%
Turnout: all 66.63% · promoters 77.13% · institutions 97.41% · other public 9.17%
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, 19 Jul 2024, 7 resolutions
Present: 16 promoters and 45 others.The company's voting result (opens in a new tab)
Consideration and adoption of the Audited Standalone Financial Statements of the Company for the financial yearnended March 31, 2024 together with the Reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 83.95% · promoters 100.00% · institutions 97.83% · other public 9.05%
- Consideration and adoption the Audited Consolidated Financial Statements of the Company for the financialnyear ended March 31, 2024 together with the Report of the Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 83.95% · promoters 100.00% · institutions 97.83% · other public 9.05%
- To declare Final Dividend on equity shares for the financial year ended March 31, 2024. nOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 83.99% · promoters 100.00% · institutions 98.04% · other public 9.05%
- Re-appoint Mr. Nayan S. Parekh (DIN: 00037597), who retires by rotation.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.04% · other public 0.05%
Turnout: all 83.99% · promoters 100.00% · institutions 98.04% · other public 9.05%
- Ratify remuneration of M/s. V. B. Modi & Associates, Cost Accountants (Firm Registration No. 004861) for the Financial Year ending March 31, 2025.nOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 83.99% · promoters 100.00% · institutions 98.04% · other public 9.05%
- Ratify and accord consent for appointment and remuneration of Mr. Eashan M. Parekh to the Office or place of profit.OrdinaryPromoters have an interest in it79.69% for20.31% against
Against: promoters 0.00% · institutions 79.44% · other public 0.05%
Turnout: all 69.98% · promoters 78.29% · institutions 98.04% · other public 9.05%
- Appointment of Mr. Abhay Jadeja (DIN: 03319142) as an independent Director of the Company to hold office for a period of five consecutive years from May 14, 2024 upto May 13, 2029.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 83.99% · promoters 100.00% · institutions 98.04% · other public 9.05%
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, 14 Dec 2023, 3 resolutions
The company's voting result (opens in a new tab)
- Appointment of Mrs. Kavita Shah (DIN: 02566732) as an independent Director of the Company to hold office for a period of five consecutive years from 18th September, 2023 upto 17th September, 2028.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 86.13% · promoters 100.00% · institutions 96.65% · other public 6.37%
- Appointment of Mr. Ashok Kumar Goel (DIN: 00025350) as an Independent Director of the Company for a term of five consecutive years with effect from 1st November, 2023 upto 31st October, 2028.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 86.13% · promoters 100.00% · institutions 96.65% · other public 6.36%
- Ratify and accord consent for appointment of Mr. Mihir H. Parekh to the Office or place of profit.OrdinaryPromoters have an interest in it77.19% for22.81% against
Against: promoters 0.00% · institutions 68.66% · other public 0.14%
Turnout: all 62.31% · promoters 63.09% · institutions 96.65% · other public 6.36%
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, 7 Jul 2023, 7 resolutions
Present: 17 promoters and 34 others.The company's voting result (opens in a new tab)
Consideration and adoption of the Audited Standalone Financial Statements of the Company for the financial yearnended March 31, 2023 together with the Reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 86.17% · promoters 100.00% · institutions 97.01% · other public 8.36%
- Consideration and adoption of the Audited Consolidated Financial Statements of the Company for the financialnyear ended March 31, 2023 together with the Report of the Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 86.17% · promoters 100.00% · institutions 97.01% · other public 8.36%
- To declare Final Dividend on equity shares for the financial year ended March 31, 2023.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 86.21% · promoters 100.00% · institutions 97.20% · other public 8.36%
- Re-appoint Mr. Manish V. Parekh (DIN: 00037724), who retires by rotation.Ordinary99.14% for0.86% against
Against: promoters 0.00% · institutions 3.63% · other public 0.02%
Turnout: all 86.21% · promoters 100.00% · institutions 97.20% · other public 8.36%
- Re-appoint Mr. Mihir H. Parekh (DIN: 07308466), who retires by rotation.Ordinary99.13% for0.87% against
Against: promoters 0.00% · institutions 3.66% · other public 0.02%
Turnout: all 86.21% · promoters 100.00% · institutions 97.20% · other public 8.36%
- Appointment of M/s. S R B C & Co LLP, as the Statutory Auditors of the Company, for a period of 5 (five ) consecutive years commencing from the conclusion of this Annual General Meeting.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 86.21% · promoters 100.00% · institutions 97.20% · other public 8.36%
- Ratify remuneration of Rs. 3.50 Lakhs for M/s. V. B. Modi & Associates, Cost Accountants for the Financial Year ending March 31, 2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 86.21% · promoters 100.00% · institutions 97.20% · other public 8.36%
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, 16 Jul 2022, 7 resolutions
Present: 12 promoters and 44 others.The company's voting result (opens in a new tab)
Consideration and adoption of the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2022 together with the Reports of the Board of Directors and Auditors thereon.nMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 87.56% · promoters 100.00% · institutions 93.12% · other public 20.28%
- Consideration and adoption the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2022 together with the Report of the Auditors thereon.nOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 87.56% · promoters 100.00% · institutions 93.12% · other public 20.28%
- To declare Final Dividend on equity shares for the financial year ended March 31, 2022.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 87.60% · promoters 100.00% · institutions 93.28% · other public 20.28%
- Re-appoint Mr. Hiten V. Parekh (DIN: 00037550), who retires by rotation.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 87.60% · promoters 100.00% · institutions 93.28% · other public 20.28%
- Ratification of remuneration payable to Cost auditors for financial year 2022-2023.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 87.60% · promoters 100.00% · institutions 93.28% · other public 20.28%
- Approve borrowing limit not exceeding Rs. 1,500 crore or aggregate of paid-up share capital, free reserves and securities premium, whichever is higher.Special99.25% for0.75% against
Against: promoters 0.00% · institutions 3.23% · other public 0.02%
Turnout: all 87.60% · promoters 100.00% · institutions 93.28% · other public 20.28%
- Approve creation of charge on the assets upto the borrowing limits approved under Section 180(1)(c) of the Companies Act, 2013.Special99.25% for0.75% against
Against: promoters 0.00% · institutions 3.23% · other public 0.02%
Turnout: all 87.60% · promoters 100.00% · institutions 93.28% · other public 20.28%
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.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 17 Jul 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026 together with the Reports of the Board of Directors and Auditors thereonMoreLess
1 for0 against- To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 together with the Report of the Auditors thereon.1 for0 against
- To declare final dividend of Rs. 20 per equity share of face value Rs. 10 each for the financial year ended March 31, 2026.1 for0 against
- To appoint a director in place of Mr. Manish V. Parekh (DIN: 00037724), who retires by rotation and being eligible, offers himself for re-appointment.1 for0 against
- Ratification of Remuneration of Cost Auditors1 for0 against
Mutual fund votes, meeting of 23 Sep 2025, 3 fund houses
- Appointment of Mr. Gautam G. Chakravarti (DIN 00004399) as a Non-Executive Independent Director of the Company3 for0 against
6 earlier meetings
Mutual fund votes, meeting of 18 Jul 2025, 3 fund houses
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025 together with the Reports of the Board of Directors and Auditors thereon.MoreLess
3 for0 against- To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 together with the Report of the Auditors thereon.3 for0 against
- To declare final dividend of Rs. 20 per equity share of face value Rs. 10 each for the financial year ended March 31, 2025.3 for0 against
- To appoint a director in place of Mr. Hiten V. Parekh (DIN: 00037550), who retires by rotation and being eligible, offers himself for re-appointment.3 for0 against
- Approval for continuation of Mr. Sharad V. Parekh (DIN: 00035747) as Non-Executive and Non-Independent Director of the Company.
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundCompliant with law. Governance concern: Chairman related to Managing Director.
2 for1 against - Ratification of Remuneration of Cost Auditors.3 for0 against
- Appointment of Secretarial Auditors of the Company.3 for0 against
Mutual fund votes, meeting of 8 May 2025, 2 fund houses
- To approve re-appointment of Mr. Hiten V. Parekh (DIN: 00037550) as the Executive Director designated as Managing Director of the Company2 for0 against
- To approve payment of remuneration to Mr. Hiten V. Parekh (DIN: 00037550) as the Executive Director designated as Managing Director of the Company.2 for0 against
- To approve re-appointment of Mr. Manish V. Parekh (DIN: 00037724) as the Executive Director designated as Joint Managing Director of the Company2 for0 against
- To approve payment of remuneration to Mr. Manish V. Parekh (DIN: 00037724) as the Executive Director designated as Joint Managing Director of the Company.2 for0 against
- To approve re-appointment of Mr. Nayan S. Parekh (DIN: 00037597) as the Executive Director designated as Joint Managing Director of the Company.2 for0 against
- To approve payment of remuneration to Mr. Nayan S. Parekh (DIN: 00037597) as the Executive Director designated as Joint Managing Director of the Company.2 for0 against
Mutual fund votes, meeting of 19 Jul 2024, 3 fund houses
Consideration and adoption of the Audited Standalone Financial Statements of the Company for the financial yearnended March 31, 2024 together with the Reports of the Board of Directors and Auditors thereon.MoreLess
3 for0 against- Consideration and adoption the Audited Consolidated Financial Statements of the Company for the financialnyear ended March 31, 2024 together with the Report of the Auditors thereon.3 for0 against
- To declare Final Dividend on equity shares for the financial year ended March 31, 2024. n3 for0 against
- Re-appoint Mr. Nayan S. Parekh (DIN: 00037597), who retires by rotation.3 for0 against
- Ratify remuneration of M/s. V. B. Modi & Associates, Cost Accountants (Firm Registration No. 004861) for the Financial Year ending March 31, 2025.n3 for0 against
- Ratify and accord consent for appointment and remuneration of Mr. Eashan M. Parekh to the Office or place of profit.
Against DSP Mutual Fund, Kotak Mahindra Mutual Fund
- DSP Mutual FundEashan M Parekh is part of the promoter family. He is the son of promoter Joint Managing Director – Manish Parekh. He has been associated with the company since 1 February 2020 His remuneration shall be Rs. 4.0 mn per annum for FY25 and upto a maximum of Rs. 10.0 mn per annum going forward. There are no disclosures on his roles and responsibilities as General Manager. Eashan M Parekh has a graduate degree and less than five years of relevant work experience: the board must clarify how he benchmarks internally given his experience and remuneration for the role. The board must also clarify if they have benchmarked his compensation to market standards. We raise concern that there are four promoters on the board with three in an executive capacity and at least three (including Eashan Parekh) in office of profit positions, which is excessive. We believe a high number of family members on the board and in office of profit positions deters the company from attracting the right professional talent. We do not support the resolution.
- Kotak Mahindra Mutual FundMr. Eashan Parekh, 28 years, has 6 years of experience in management and administration. No issues have been identified with the time commitment of Mr. Eashan Parekh. However, there are no disclosures on his roles and responsibilities as General Manager. Eashan M Parekh has a graduate degree and less than five years of relevant work experience, giving us less clarification on his experience and remuneration for the role. Hence voting against.
1 for2 against - Appointment of Mr. Abhay Jadeja (DIN: 03319142) as an independent Director of the Company to hold office for a period of five consecutive years from May 14, 2024 upto May 13, 2029.3 for0 against
Mutual fund votes, meeting of 14 Dec 2023, 2 fund houses
- Appointment of Mrs. Kavita Shah (DIN: 02566732) as an independent Director of the Company to hold office for a period of five consecutive years from 18th September, 2023 upto 17th September, 2028.2 for0 against
- Appointment of Mr. Ashok Kumar Goel (DIN: 00025350) as an Independent Director of the Company for a term of five consecutive years with effect from 1st November, 2023 upto 31st October, 2028.2 for0 against
- Ratify and accord consent for appointment of Mr. Mihir H. Parekh to the Office or place of profit.
Against Kotak Mahindra Mutual Fund
- Kotak Mahindra Mutual FundEven though no concern have been identified with the profile and time commitment of Mr. Mihir H. Parekh, the company has not defined the tenure for the approval. Moreover the company will require shareholder approval if the maximum limit of Rs. 12.0 mn is breached. The company has not disclosed granular details regarding his role and responsibilities as President. Further, we raise concern that there are four promoters on the board with three in an executive capacity and at least three (including Mihir Parekh) in office of profit positions, which is excessive. Hence voting against.
1 for1 against
Mutual fund votes, meeting of 7 Jul 2023, 2 fund houses
Consideration and adoption of the Audited Standalone Financial Statements of the Company for the financial yearnended March 31, 2023 together with the Reports of the Board of Directors and Auditors thereon.MoreLess
2 for0 against- Consideration and adoption of the Audited Consolidated Financial Statements of the Company for the financialnyear ended March 31, 2023 together with the Report of the Auditors thereon.2 for0 against
- To declare Final Dividend on equity shares for the financial year ended March 31, 2023.2 for0 against
- Re-appoint Mr. Manish V. Parekh (DIN: 00037724), who retires by rotation.2 for0 against
- Re-appoint Mr. Mihir H. Parekh (DIN: 07308466), who retires by rotation.2 for0 against
- Appointment of M/s. S R B C & Co LLP, as the Statutory Auditors of the Company, for a period of 5 (five ) consecutive years commencing from the conclusion of this Annual General Meeting.2 for0 against
- Ratify remuneration of Rs. 3.50 Lakhs for M/s. V. B. Modi & Associates, Cost Accountants for the Financial Year ending March 31, 2024.2 for0 against
Mutual fund votes, meeting of 16 Jul 2022, 2 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
Consideration and adoption of the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2022 together with the Reports of the Board of Directors and Auditors thereon.nMoreLess
2 for0 against- Consideration and adoption the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2022 together with the Report of the Auditors thereon.n2 for0 against
- To declare Final Dividend on equity shares for the financial year ended March 31, 2022.2 for0 against
- Re-appoint Mr. Hiten V. Parekh (DIN: 00037550), who retires by rotation.2 for0 against
- Approve creation of charge on the assets upto the borrowing limits approved under Section 180(1)(c) of the Companies Act, 2013.2 for0 against
2 proposals not matched to one resolution
Ratifies the remuneration of Rs. 3.50 Lakhs (Rupees Three Lakh Fifty Thousand Only) plus applicable taxes and re-imbursement of out-of-pocket expenses payable to M/s. V. B. Modi & Associates, Cost Accountants (Firm Registration No. 004861), who have been appointed by the Board of Directors, as Cost Auditors of the Company.MoreLess
2 for0 againstTo borrow, from time to time, such sum or sums of money as it may deem necessary for the purpose of the business of the Company inter alia by way of loan/financial assistance, issue of debentures/bonds or other debt instruments either in Rupee or any other currency, with or without security, whether in India or abroad, issue of commercial papers, external commercial borrowings and through acceptance of inter corporate deposits or issue of any other instruments from various bank(s), financial institution(s) and/or other lender(s) on such terms and conditions as the Board at its sole discretion may deem fit, notwithstanding that the monies to be borrowed together with the monies already borrowed by the Company provided that the total amount up to which monies may be borrowed by the Board and which shall remain outstanding at any given point of time shall not exceed 1,500 crore.MoreLess
2 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines
Reported in the filing for the quarter to Sep 2026.
- Fine or penaltyThe Deputy Commissioner Central Good & Service Tax, Ranchi South Division, Ranchi.Since 5 Feb 2025
Order passed under section 74 of CGST/SGST Act, 2017.
The Company has received a GST assessment order for FY 2017-2018 to 2022-2023 in the State of Jharkhand wherein a demand of Rs. 22,84,885/- (Tax Rs. 7,74,140/-, Interest Rs. 6,82,849/- and Penalty Rs. 8,27,896/-) is raised under section 74 of CGST/SGST Act, 2017.MoreLess
- Fine or penaltyDepartment of Commercial TaxesSince 25 Mar 2025
Order passed under section 129 (3) of CGST/SGST/IGST Act, 2017.
The Company has received Form GST MOV-07 stating that there is mismatch in the goods dispatch address mentioned in the E-way Bill and in e-invoice and penalty of Rs. 4,75,632 is raised under section 129 of CGST/SGST/IGST Act, 2017.MoreLess
- Fine or penaltyOffice of the Assistant Commissioner of CGST & C. Ex., Bankura Division, West BengalSince 5 Nov 2024
Order passed under section 73 of CGST/SGST Act, 2017.
The Company has received a GST assessment order for FY 2022-23 in the State of West Bengal wherein a demand of Rs. 4,30,164.00 (Tax Rs. 2,15,082.00 and Penalty Rs. 2,15,082.00) is raised under section 73 of CGST/SGST Act, 2017.MoreLess
- Fine or penaltyAssistant Commissioner of State Tax Officer, HaridwarSince 29 May 2025
Order passed under section 129 issued by State tax officer, Mobile squared, Haridwar.
The Company has received Form GST MOV-01 due to Expiry of E-way bill and Penalty of Rs.216000 (CGST Rs.108000 and SGST Rs. 108000) is raised. - Fine or penaltyOffice of The Superintendent of CGST & Central Excise, Barjora Bankura, West Bengal.Since 20 Nov 2025
Order Passed under Section 74(1) of the CGST Act, 2017 & WBGST Act, 2017 read with Section 20 of the IGST Act, 2017.
The Company has received Order for wrongly availed and utilised ITC for the FY 2018-19 and FY 2019-20 in the State of West Bengal wherein a demand of Rs. 7,22,362 (Tax dues of Rs. 3,61,181 and Penalty of Rs. 3,61,181) is raised under Section 74(1) of the CGST Act, 2017 & WBGST Act, 2017 read with Section 20 of the IGST Act, 2017.MoreLess
- Fine or penaltySuperintendent, CGST & Central Excise, Raipur, ChhattisgarhSince 18 Mar 2026
Order passed under section 74 of CGST/SGST Act, 2017.
order passed for amount of 42650/- (Tax Rs. 21325 + Penalty Rs.21325/-) due to Multiple e-way bill generated due to technical error on the portal. - Fine or penaltyOffice of the Commissioner, Central GST, Appeal Ahmedabad Commissionerate, GST Bhavan, Revenue Marg, Ambavadi, AhmedabadSince 28 Aug 2024
Disallowed our appeal filed for Order passed under section 73(1) of the CGST Act, 2017 & GGST Act, 2017 read with the provisions of Section 20 of the IGST Act, 2017.
The company has received order under section 73 wherein demand of Tax Rs.3397261/- Interest + Penalty Rs.339726/- Total 3736987/-
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
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- Yes
- 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.