Share price at the NSE close on 23 Oct 2026. Previous close ₹257.80.
- 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.
- ₹4,004 Cr840th 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 14 Aug 2026
- 9.1
- 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 8 May 2026
- 1.0
- 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
- 12.0%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 10.96%
- Cost of fundsCost of funds. Interest paid ÷ the average of what the company pays interest on × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 8.09%
- Credit costCredit cost. What was set aside for loans that may not be repaid ÷ average loans given × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 3.57%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026.
- 2.66%
- LeverageAssets per rupee of net worth. Average total assets ÷ average net worth: rupees of assets for each rupee of net worth; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 4.14times net worth
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 14,59,76654.5% delivered
Northern Arc Capital 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
- ChairpersonPalamadai Sundararajan Jayakumar
- Company Secretary and Compliance OfficerMr. Prakash Chandra Panda
8 directors4 independent1 executive3 non-executive
- Palamadai Sundararajan Jayakumar · ChairpersonIndependent · joined Oct 2020 · reappointed Oct 2023 · 35 months as independent · 6 listed boards · 6 as independent · 6 committee seats, 2 as chair
- Ashutosh Arvind PednekarIndependent · joined Sep 2020 · reappointed Sep 2023 · 36 months as independent · 2 listed boards · 2 as independent · 5 committee seats, 4 as chair
- Anuradha RaoNon-executive · joined Oct 2025 · 3 listed boards · 2 as independent · 3 committee seats
- Vijay Nallan ChakravarthiNominee, non-executive · joined Jan 2018 · 1 listed board · 3 committee seats
- Michael Jude FernandesNominee, non-executive · joined Mar 2014 · 1 listed board · 1 committee seat
- Ashish MehrotraExecutive · joined Feb 2022 · 1 listed board · 1 committee seat
- Sandeep DharIndependent · joined May 2025 · reappointed May 2025 · 16 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Vidya KrishnanIndependent · joined Oct 2025 · reappointed Oct 2025 · 11 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 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.
3 directors who left
- Kshama Fernandes, left 31 Mar 2026: Tenure Completion
- Trikkur Seetharaman Anantharaman, left 23 Jun 2025: Others
- Arunkumar Nerur Thiagarajan, left 13 Feb 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 27 Jul 20268 of 8 present4 independent · 16 days in between
- 10 Jul 20267 of 8 present4 independent · 62 days in between
- 8 May 20268 of 8 present4 independent
Audit Committee
Chair Ashutosh Arvind Pednekar
Palamadai Sundararajan Jayakumar, Anuradha Rao, Sandeep Dhar, Vijay Nallan Chakravarthi, Vidya Krishnan
- 2 Sep 20265 of 6 present3 independent · 36 days in between
- 27 Jul 20266 of 6 present4 independent · 16 days in between
- 10 Jul 20266 of 6 present4 independent · 62 days in between
- 8 May 20266 of 6 present4 independent
Nomination and remuneration committee
Chair Vidya Krishnan
Palamadai Sundararajan Jayakumar, Michael Jude Fernandes
- 21 Sep 20263 of 3 present2 independent · 136 days in between
- 7 May 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Vidya Krishnan
Anuradha Rao, Ashish Mehrotra, Michael Jude Fernandes, Vijay Nallan Chakravarthi
- 28 Jul 20265 of 5 present1 independent · 81 days in between
- 7 May 20265 of 5 present1 independent
Risk Management Committee
Chair Vidya Krishnan
Anuradha Rao, Palamadai Sundararajan Jayakumar, Michael Jude Fernandes, Vijay Nallan Chakravarthi, Ashish Mehrotra, Ashutosh Arvind Pednekar, Sandeep Dhar
- 27 Jul 20268 of 8 present4 independent · 80 days in between
- 7 May 20268 of 8 present4 independent
Corporate Social Responsibility Committee
Chair Ashutosh Arvind Pednekar
Michael Jude Fernandes, Ashish Mehrotra
- 28 Jul 20263 of 3 present1 independent · no day in between
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.
- Walker & Chandiok LLPPeer-review certificate valid to May 2028
1 earlier auditor
- Walker Chandiok & Co LLPNamed in filings from Mar 2025 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.
Northern Arc Capital 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.Northern Arc Capital share news and announcements
Annual general meeting, 18 Aug 2026
89,746 shareholders on the register on 12 Aug 2026; present: 0 promoters and 47 others; votes counted by Mr. N. A. Srinivasan / M/s. Genicon Legal LLP.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 31.01% · promoters 0.00% · institutions 19.13% · other public 32.17%
- ORDINARY - Appointment of Mr. Vijay Nallan Chakravarthi (DIN: 08020248), as a director, liable to retire by rotationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 31.01% · promoters 0.00% · institutions 19.13% · other public 32.17%
- Appointment of M/s. R. Subramaniyan and Company LLP (FRN: 004137S / S200041) as the Joint Statutory Auditors of the Company and fixing of remuneration.Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 31.01% · promoters 0.00% · institutions 19.13% · other public 32.17%
- To approve Creation of charges on the assets of the Company under Section 180(1)(a) of the Companies Act, 2013.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 31.01% · promoters 0.00% · institutions 19.13% · other public 32.17%
- To approve increase in borrowing powers in excess of the paid-up share capital, free reserves and securities premium of the Company pursuant to Section 180(1)(c) of the Companies Act, 2013.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 31.01% · promoters 0.00% · institutions 19.13% · other public 32.17%
- To approve the Offer and Issue of Non- Convertible Debentures, in one or more tranches on a private placement basis.Special99.95% for0.05% against
Against: promoters 0.00% · institutions 0.83% · other public 0.00%
Turnout: all 31.01% · promoters 0.00% · institutions 19.13% · other public 32.17%
- To approve the revision in payment of remuneration by way of commission to Mr. P S Jayakumar (DIN: 01173236) as Non-Executive Independent Director and Chairperson of the Company.Special95.33% for4.67% against
Against: promoters 0.00% · institutions 79.49% · other public 0.03%
Turnout: all 24.66% · promoters 0.00% · institutions 16.11% · other public 25.51%
To approve the revision in the terms of managerial remuneration of Mr. Ashish Mehrotra (DIN: 07277318), Managing Director & Chief Executive Officer of the Company and to ratify the payment of Special Discretionary Payout.MoreLess
Special96.67% for3.33% againstAgainst: promoters 0.00% · institutions 56.89% · other public 0.00%
Turnout: all 24.66% · promoters 0.00% · institutions 16.11% · other public 25.51%
- Change in Mode of Implementation of Northern Arc Employee Stock Option Plan 2016 and the ESOP Schemes from Trust Route to Direct Route and amendments made thereto.Special96.26% for3.74% against
Against: promoters 0.00% · institutions 79.24% · other public 0.02%
Turnout: all 30.74% · promoters 0.00% · institutions 16.11% · other public 32.17%
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.
Postal ballot, 24 Jan 2026, 2 resolutions
1,03,725 shareholders on the register on 12 Dec 2025; votes counted by N A SRINIVASAN / GENICON LEGAL LLP.The company's voting result (opens in a new tab)
- To Appoint Ms. Vidya Krishnan (DIN: 09669166) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 38.33% · promoters 0.00% · institutions 30.42% · other public 39.44%
- To Appoint Ms. Anuradha Rao (DIN: 07597195), as Non-executive Non-Independent Director of the CompanyOrdinary99.92% for0.08% against
Against: promoters 0.00% · institutions 0.75% · other public 0.00%
Turnout: all 38.33% · promoters 0.00% · institutions 30.42% · other public 39.44%
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, 25 Aug 2025, 9 resolutions
1,09,684 shareholders on the register on 19 Aug 2025; present: 0 promoters and 58 others; votes counted by N A SRINIVASAN / GENICON LEGAL LLP.The company's voting result (opens in a new tab)
1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 40.58% · promoters 0.00% · institutions 37.49% · other public 41.12%
- 2. Re-appointment of Mr. Michael Fernandes (DIN: 00064088), as a director, liable to retire by rotation.Ordinary99.93% for0.07% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 40.58% · promoters 0.00% · institutions 37.49% · other public 41.12%
- 3. To appoint Secretarial Auditors of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 40.58% · promoters 0.00% · institutions 37.49% · other public 41.12%
- 4. To approve Creation of charges on the assets of the Company under Section 180(1)(a) of the Companies Act, 2013.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 40.58% · promoters 0.00% · institutions 37.49% · other public 41.12%
- 5. To Approve increase in borrowing powers in excess of the paid-up share capital, free reserves and securities premium of the Company pursuant to Section 180(1)(c) of the Companies Act, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 40.58% · promoters 0.00% · institutions 37.49% · other public 41.12%
- 6. To approve the Offer and Issue of Non-Convertible Debentures, in one or more tranches on a private placement basis.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 40.58% · promoters 0.00% · institutions 37.49% · other public 41.12%
- 7. Approval for Increase of ESOP Options under Northern Arc Employee Stock Option Plan 2016.Special99.36% for0.64% against
Against: promoters 0.00% · institutions 4.23% · other public 0.09%
Turnout: all 40.41% · promoters 0.00% · institutions 36.33% · other public 41.12%
- 8. Revision in payment of remuneration by way of commission to Mr. P S Jayakumar (DIN: 01173236) as Non-Executive Independent Director and Chairperson of the Company.Special99.25% for0.75% against
Against: promoters 0.00% · institutions 4.23% · other public 0.10%
Turnout: all 34.34% · promoters 0.00% · institutions 36.33% · other public 33.99%
- 9. Revision in the terms of managerial remuneration of Mr. Ashish Mehrotra (DIN: 07277318), Managing Director and Chief Executive Officer of the Company.Special99.25% for0.75% against
Against: promoters 0.00% · institutions 4.23% · other public 0.10%
Turnout: all 34.34% · promoters 0.00% · institutions 36.33% · other public 33.99%
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, 7 Aug 2025, 1 resolution
1,09,296 shareholders on the register on 31 Jul 2025; present: 0 promoters and 43 others; votes counted by M. Damodaran / M Damodaran & Associates LLP.The company's voting result (opens in a new tab)
- Appointment of Mr. Sandeep Dhar (DIN: 00182797) as an Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 41.85% · promoters 0.00% · institutions 41.69% · other public 41.88%
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, 5 May 2025, 3 resolutions
1,11,017 shareholders on the register on 28 Mar 2025; votes counted by M. Alagar / M. Alagar & Associates.The company's voting result (opens in a new tab)
- Re-Appointment of Dr. Kshama Fernandes (DIN: 02539429) as a Director (Non-Executive Non Independent Director)Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 64.22% · promoters 0.00% · institutions 81.63% · other public 57.53%
- Ratification for implementation of the Northern Arc Employee Stock Option Plan 2016 and the ESOP Schemes through trust route.Special96.21% for3.79% against
Against: promoters 0.00% · institutions 10.72% · other public 0.01%
Turnout: all 64.22% · promoters 0.00% · institutions 81.63% · other public 57.53%
- Extension of the benefits under the Northern Arc Employee Stock Option Plan 2016 and ESOP Schemes to the employees of Holding and/or Subsidiary companies of the Company.Special96.21% for3.79% against
Against: promoters 0.00% · institutions 10.72% · other public 0.01%
Turnout: all 64.22% · promoters 0.00% · institutions 81.63% · other public 57.53%
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 Dec 2024, 9 resolutions
Present: 0 promoters and 52 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the audited annual standalone and consolidated financial statements of the company for the financial year ended March 31, 2024, and the Reports of the Board of Directors and Auditors. thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 46.08% · promoters 0.00% · institutions 82.51% · other public 32.15%
- To appoint director in place of Mr. T S Anantharaman (DIN: 00480136) who retires by rotation and being eligible offers himself for reappointment.Ordinary97.38% for2.62% against
Against: promoters 0.00% · institutions 5.28% · other public 0.01%
Turnout: all 46.08% · promoters 0.00% · institutions 82.51% · other public 32.15%
- To appoint director in place of Mr. Vijay Chakravarthi (DIN: 08020248) who retires by rotation and being eligible offers himself for reappointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 46.08% · promoters 0.00% · institutions 82.51% · other public 32.15%
To appointment M/s. Walker Chandiok & Co LLP, Chartered Accountants as statutory auditors of the Company, in place of the retiring statutory auditors M/s. S.R. Batliboi & Associates LLP to hold office for a term of 3 years and to authorise the Board of Directors of the Company to fix their remuneration.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 46.08% · promoters 0.00% · institutions 82.51% · other public 32.15%
- Alteration of Articles of Association of the CompanySpecial97.38% for2.62% against
Against: promoters 0.00% · institutions 5.28% · other public 0.00%
Turnout: all 46.08% · promoters 0.00% · institutions 82.51% · other public 32.15%
- Ratification of the Northern Arc Employee Stock Option Plan, 2016 and Northern Arc Employee Stock Option Schemes formulated by the Company prior to its Initial Public Offer.Special96.19% for3.81% against
Against: promoters 0.00% · institutions 7.68% · other public 0.01%
Turnout: all 46.08% · promoters 0.00% · institutions 82.51% · other public 32.15%
- Revision in payment of remuneration by way of commission to Mr. P S Jayakumar (DIN: 01173236) as NonExecutive Independent Director and Chairperson of the Company.Special94.97% for5.03% against
Against: promoters 0.00% · institutions 10.13% · other public 0.03%
Turnout: all 46.08% · promoters 0.00% · institutions 82.51% · other public 32.15%
- Revision in the terms of managerial remuneration of Mr. Ashish Mehrotra (DIN: 07277318), Managing Director & Chief Executive Officer of the CompanySpecial98.80% for1.20% against
Against: promoters 0.00% · institutions 2.38% · other public 0.03%
Turnout: all 46.08% · promoters 0.00% · institutions 82.51% · other public 32.15%
- Continuation of Dr. Kshama Fernandes (DIN: 02539429) as a non-executive and non-independent director and Vice Chairperson of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 46.08% · promoters 0.00% · institutions 82.51% · other public 32.15%
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 24 Jan 2026, 2 fund houses
- To Appoint Ms. Vidya Krishnan (DIN: 09669166) as an Independent Director of the Company2 for0 against
- To Appoint Ms. Anuradha Rao (DIN: 07597195), as Non-executive Non-Independent Director of the Company
Against Groww Mutual Fund
- Groww Mutual FundCompliant with Law. No concern on the merits of the proposed appointee. Governance Concern: Cooling-off period of 1-year not served from ID to NED; appointment as NED raises a question over his independence as ID.
1 for1 against
Mutual fund votes, meeting of 25 Aug 2025, 1 fund house
1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
1 for0 against- 2. Re-appointment of Mr. Michael Fernandes (DIN: 00064088), as a director, liable to retire by rotation.1 for0 against
- 3. To appoint Secretarial Auditors of the Company.1 for0 against
- 4. To approve Creation of charges on the assets of the Company under Section 180(1)(a) of the Companies Act, 2013.1 for0 against
- 5. To Approve increase in borrowing powers in excess of the paid-up share capital, free reserves and securities premium of the Company pursuant to Section 180(1)(c) of the Companies Act, 20131 for0 against
- 6. To approve the Offer and Issue of Non-Convertible Debentures, in one or more tranches on a private placement basis.1 for0 against
- 7. Approval for Increase of ESOP Options under Northern Arc Employee Stock Option Plan 2016.1 for0 against
- 8. Revision in payment of remuneration by way of commission to Mr. P S Jayakumar (DIN: 01173236) as Non-Executive Independent Director and Chairperson of the Company.1 for0 against
- 9. Revision in the terms of managerial remuneration of Mr. Ashish Mehrotra (DIN: 07277318), Managing Director and Chief Executive Officer of the Company.1 for0 against
3 earlier meetings
Mutual fund votes, meeting of 7 Aug 2025, 2 fund houses
- Appointment of Mr. Sandeep Dhar (DIN: 00182797) as an Independent Director of the Company.2 for0 against
Mutual fund votes, meeting of 5 May 2025, 1 fund house
- Re-Appointment of Dr. Kshama Fernandes (DIN: 02539429) as a Director (Non-Executive Non Independent Director)1 for0 against
- Ratification for implementation of the Northern Arc Employee Stock Option Plan 2016 and the ESOP Schemes through trust route.
Against quant Mutual Fund
- quant Mutual FundRelated to the approval of ESOP scheme. Non-compliant with SEBI (SBEB & SE) Regulations, 2021: Non-Disclosure of the Exercise Price and the basis of the Exercise Price. Various schemes in the ESOP plan have exercise prices ranging from INR 10 to INR 324. Hence, we are voting against the resolutions.
0 for1 against - Extension of the benefits under the Northern Arc Employee Stock Option Plan 2016 and ESOP Schemes to the employees of Holding and/or Subsidiary companies of the Company.
Against quant Mutual Fund
- quant Mutual FundRelated to the approval of ESOP scheme. Non-compliant with SEBI (SBEB & SE) Regulations, 2021: Non-Disclosure of the Exercise Price and the basis of the Exercise Price. Various schemes in the ESOP plan have exercise prices ranging from INR 10 to INR 324. Hence, we are voting against the resolutions.
0 for1 against
Mutual fund votes, meeting of 19 Dec 2024, 1 fund house
To receive, consider and adopt the audited annual standalone and consolidated financial statements of the company for the financial year ended March 31, 2024, and the Reports of the Board of Directors and Auditors. thereonMoreLess
1 for0 against- To appoint director in place of Mr. T S Anantharaman (DIN: 00480136) who retires by rotation and being eligible offers himself for reappointment.1 for0 against
- To appoint director in place of Mr. Vijay Chakravarthi (DIN: 08020248) who retires by rotation and being eligible offers himself for reappointment.1 for0 against
To appointment M/s. Walker Chandiok & Co LLP, Chartered Accountants as statutory auditors of the Company, in place of the retiring statutory auditors M/s. S.R. Batliboi & Associates LLP to hold office for a term of 3 years and to authorise the Board of Directors of the Company to fix their remuneration.MoreLess
1 for0 against- Alteration of Articles of Association of the Company1 for0 against
- Ratification of the Northern Arc Employee Stock Option Plan, 2016 and Northern Arc Employee Stock Option Schemes formulated by the Company prior to its Initial Public Offer.
Against Aditya Birla Sun Life Mutual Fund
- Aditya Birla Sun Life Mutual FundThe company is seeking shareholder approval to ratify Northern Arc Employee Stock Option Plan, 2016 and other ESOP Schemes formulated by the company prior to IPO under which 8.3 mn ESOPs can be granted.The exercise price will be decided as per the valuation report at the time of grant. The exercise price ranged between Rs. 10.0 to Rs. 275.0 in the past. 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. Given the lack of clarity on exercise price, we do not support the resolution.
0 for1 against - Revision in payment of remuneration by way of commission to Mr. P S Jayakumar (DIN: 01173236) as NonExecutive Independent Director and Chairperson of the Company.
Against Aditya Birla Sun Life Mutual Fund
- Aditya Birla Sun Life Mutual FundThe company had approved the reappointment of P S Jayakumar as Independent Director for five years from 15 October 2023 at EGM held on 13 September 2023. The company has proposed to revise payment of commission to P S Jayakumar for FY25 at Rs. 1.5 mn (excluding sitting fees for attending meetings), which exceeds 50% of remuneration to be payable to all non-executive directors. He was paid Rs. 10.9 mn in FY24 (Rs. 9.0 mn as commission and R. 1.9 mn as fees for attending meetings). The company has neither provided benchmarking details nor the rationale for paying higher commission compared to other independent directors on the board. The company has not specified the change in scope of responsibilities for an increase of 71% in the commission payable to him. We do not support the resolution.
0 for1 against - Revision in the terms of managerial remuneration of Mr. Ashish Mehrotra (DIN: 07277318), Managing Director & Chief Executive Officer of the Company1 for0 against
- Continuation of Dr. Kshama Fernandes (DIN: 02539429) as a non-executive and non-independent director and Vice Chairperson of the Company.1 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Mar 2026. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Public IssuesSep 2024, checked by CRISIL Ratings Limited | 44.98 | – | – | No |