NRB Bearing logo

NRB Bearing MD, chairman, board of directors and AGM

NSE: NRBBEARINGBSE: 530367Auto ComponentsSmall Cap

Last close ₹439.20down ₹16.60 (3.64%)BSE ₹438.80

Share price at the NSE close on 23 Oct 2026. Previous close ₹455.80.

52-week range of traded prices to 23 Oct 2026
₹212.55Low, 30 Mar 2026₹559.90High, 28 Sep 2026
Market cap
₹4,257 Cr986th largest listed
P/E
28.9
P/B
4.4
Dividend yield
1.81%
ROE
15.7%
ROCE
16.1%
Debt to equity
0.15
Volume, NSE
5,49,44154.2% delivered

NRB Bearing board of directors

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

  • Managing directorHarshbeena Sahney Zaveri
  • ChairpersonTashwinder Harjap Singh
  • Company Secretary and Compliance OfficerKhyati Danani

6 directors3 independent1 executive2 non-executive

  • Harshbeena Sahney Zaveri · Managing directorExecutive · joined Oct 2010 · reappointed Oct 2025 · 2 listed boards · 4 committee seats
  • Satish C RanganiNon-executive · joined Jul 2013 · reappointed Sep 2025 · 2 listed boards · 1 committee seat
  • Rustom DesaiIndependent · joined Jan 2017 · reappointed Jan 2022 · 113 months as independent · 1 listed board
  • Bapsy DasturIndependent · joined May 2024 · 25 months as independent · 2 listed boards · 2 as independent · 2 committee seats
  • Jayavardhan Dhar DiwanIndependent · joined May 2024 · 25 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 2 as chair
  • Tashwinder Harjap Singh · ChairpersonNon-executive · joined Aug 2025 · 10 months as independent · 3 listed boards · 1 as independent · 1 committee seat

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
  • Ashank Desai, left 29 Mar 2026: Tenure Completion

Committees and meetings

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

  • Board

    • 7 May 20266 of 6 present3 independent · 86 days in between
    • 9 Feb 20266 of 7 present3 independent

  • Audit Committee

    Chair Jayavardhan Dhar Diwan

    Harshbeena Sahney Zaveri, Bapsy Dastur

    • 30 Jun 20263 of 3 present3 independent · 53 days in between
    • 7 May 20263 of 3 present2 independent · 86 days in between
    • 9 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Rustom Desai

    Bapsy Dastur, Jayavardhan Dhar Diwan, Tashwinder Harjap Singh

    • 7 May 20264 of 4 present3 independent · 86 days in between
    • 9 Feb 20265 of 5 present2 independent

  • Stakeholders Relationship Committee

    Chair Jayavardhan Dhar Diwan

    Harshbeena Sahney Zaveri, Bapsy Dastur

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Bapsy Dastur

    Jayavardhan Dhar Diwan, Harshbeena Sahney Zaveri, Satish C Rangani, Tashwinder Harjap Singh

    • 5 Jun 20265 of 5 present3 independent · 206 days in between
    • 10 Nov 20255 of 5 present3 independent

  • Corporate Social Responsibility Committee

    Chair Harshbeena Sahney Zaveri

    Satish C Rangani, Jayavardhan Dhar Diwan

    No meeting listed in the filing.

  • Committee of Directors

    Chair Bapsy Dastur

    Jayavardhan Dhar Diwan, Harshbeena Sahney Zaveri

    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.

  • Walker Chandiok & Co LLPPeer-review certificate valid to May 2028

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.

NRB Bearing 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.NRB Bearing dividend history

Annual general meeting, 29 Jul 2026

66,945 shareholders on the register on 24 Jul 2026; present: 4 promoters and 72 others; votes counted by Upendra C. Shukla / UPENDRA SHUKLA & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026 and the Audited Consolidated Financial Statements for the financial year ended March 31, 2026, together with the reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.64% · promoters 100.00% · institutions 91.69% · other public 9.88%

  2. To appoint a director in place of Mr. Satish Rangani (DIN 00209069) who retires by rotation and being eligible has offered himself for re-appointment.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.07% · other public 0.01%

    Turnout: all 76.77% · promoters 100.00% · institutions 92.10% · other public 9.88%

  3. To ratify remuneration of the Cost Auditor.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.77% · promoters 100.00% · institutions 92.10% · other public 9.88%

  4. To approve giving loan or guarantee or providing security under Section 185 of the Companies Act, 2013
    Special
    95.59% for4.41% against

    Against: promoters 0.00% · institutions 11.37% · other public 0.02%

    Turnout: all 76.77% · promoters 100.00% · institutions 92.10% · other public 9.88%

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.

Annual general meeting, 11 Sep 2025, 8 resolutions

72,448 shareholders on the register on 4 Sep 2025; present: 6 promoters and 68 others; votes counted by Upendra C. Shukla / Upendra Shukla & Associates.The company's voting result (opens in a new tab)

  1. 1 - To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025 and the Audited Consolidated Financial Statements for the financial year ended March 31, 2025, together with the reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.38% · promoters 99.96% · institutions 94.00% · other public 4.12%

  2. 2 - To declare final dividend on equity shares for the Financial Year ended March 31, 2025 and to confirm the payment of interim dividend for the Financial Year 2024-25.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.52% · promoters 99.96% · institutions 94.53% · other public 4.12%

  3. 3 - To appoint a director in place of Mr. Satish Rangani (DIN 00209069) who retires by rotation and being eligible has offered himself for re-appointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.24%

    Turnout: all 77.52% · promoters 99.96% · institutions 94.53% · other public 4.12%

  4. 4 - To ratify remuneration of the Cost Auditor.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.51%

    Turnout: all 77.52% · promoters 99.96% · institutions 94.53% · other public 4.12%

  5. 5 - To appoint M/s. Upendra Shukla & Associates, as Secretarial Auditor.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 77.52% · promoters 99.96% · institutions 94.53% · other public 4.12%

  6. 6 - To approve re-appointment of Ms. Harshbeena Zaveri (DIN 00003948) as Managing Director of the Company for a period of 5 (five) years with effect from October 1, 2025.
    SpecialPromoters have an interest in it
    96.61% for3.39% against

    Against: promoters 0.00% · institutions 10.32% · other public 0.27%

    Turnout: all 77.52% · promoters 99.96% · institutions 94.53% · other public 4.12%

  7. 7 - To increase the Authorized Share Capital of the Company and make consequent alteration in Clause V of the Memorandum of Association.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.24%

    Turnout: all 77.52% · promoters 99.96% · institutions 94.53% · other public 4.12%

  8. 8 - To approve appointment of Mr. Tashwinder Singh (DIN: 06572282) as a Non-Executive and Non-Independent Director of the Company with effect from August 09, 2025.
    Ordinary
    99.79% for0.21% against

    Against: promoters 0.00% · institutions 0.63% · other public 0.23%

    Turnout: all 77.52% · promoters 99.96% · institutions 94.53% · other public 4.12%

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, 20 Sep 2024, 4 resolutions

Present: 5 promoters and 61 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements of the Company for the financial year ended March 31, 2024, and Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024 together with the reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.25%

    Turnout: all 78.70% · promoters 94.64% · institutions 96.83% · other public 0.88%

  2. Confirmation of the Interim Dividend paid by the Company, as final dividend for the year ended March 31, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.28%

    Turnout: all 78.84% · promoters 94.64% · institutions 97.29% · other public 0.88%

  3. Appointment of a director in place of Mr. Satish Rangani (DIN 00209069) who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.78% for0.22% against

    Against: promoters 0.00% · institutions 0.53% · other public 5.37%

    Turnout: all 78.84% · promoters 94.64% · institutions 97.29% · other public 0.88%

  4. Ratification of remuneration payable to the Cost Auditors M/s. R. Nanabhoy and Co. Firm Registration No. 7464 for the financial year ending March 31, 2025.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.24%

    Turnout: all 78.84% · promoters 94.64% · institutions 97.29% · other public 0.88%

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, 18 Aug 2024, 2 resolutions

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

  1. Appointment of Ms. Bapsy Dastur (DIN: 09623277), as an Independent Director of the Company.
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 11.97%

    Turnout: all 79.03% · promoters 95.22% · institutions 97.34% · other public 1.68%

  2. Appointment of Mr. Jayavardhan Dhar Diwan (DIN: 01565319), as an Independent Director of the Company.
    Special
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.48% · other public 11.99%

    Turnout: all 79.03% · promoters 95.22% · institutions 97.34% · other public 1.68%

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, 25 Feb 2024, 1 resolution

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

  1. Change in designation of Mr. Satish Rangani (DIN: 00209069), who has attained the age of 75 (seventy-five) years, as a Non-Executive Non-Independent Director of the Company
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.19% · other public 0.89%

    Turnout: all 81.09% · promoters 95.24% · institutions 97.80% · other public 1.54%

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

Annual general meeting, 29 Sep 2023, 5 resolutions

Present: 5 promoters and 70 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements of the Company for the financial year ended March 31, 2023 and Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023 together with the reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.26%

    Turnout: all 83.90% · promoters 98.73% · institutions 97.10% · other public 6.77%

  2. Declaration of final dividend on equity shares for the financial year ended March 31, 2023.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.51%

    Turnout: all 84.11% · promoters 98.73% · institutions 97.72% · other public 6.77%

  3. Appointment of a director in place of Mr. Devesh Singh Sahney (DIN. 00003956) who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    43.17% for56.83% against

    Against: promoters 28.83% · institutions 99.88% · other public 33.69%

    Turnout: all 84.11% · promoters 98.73% · institutions 97.72% · other public 6.77%

  4. Appointment of M/s. Walker Chandiok And Co. LLP, Chartered Accountants (Firm Registration No. 001076N/N500013) as the Statutory Auditors of the Company for a second term of five (5) consecutive years.
    Ordinary
    99.31% for0.69% against

    Against: promoters 0.00% · institutions 1.75% · other public 0.51%

    Turnout: all 84.11% · promoters 98.73% · institutions 97.72% · other public 6.77%

  5. Ratification of remuneration payable to the Cost Auditors M/s R. Nanabhoy and Co. Firm Registration No. 7464 for the financial year ending March 31 2024.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.52%

    Turnout: all 84.11% · promoters 98.73% · institutions 97.72% · other public 6.77%

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, 25 Aug 2023, 1 resolution

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

  1. Re-appointment of Ms. Vishakha R. M. (DIN 07108012), as an Independent Director of the Company for a second term of 5 (five) consecutive years.
    SpecialPromoters have an interest in it
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.22% · other public 1.22%

    Turnout: all 80.13% · promoters 95.14% · institutions 96.57% · other public 5.22%

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, 15 Sep 2022, 4 resolutions

Present: 6 promoters and 65 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements of the Company for the financial year ended March 31, 2022 and the Audited Consolidated Financial Statements for the financial year ended March 31, 2022, together with the reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.96% · promoters 95.15% · institutions 95.19% · other public 3.60%

  2. Declaration of final dividend on equity shares for the financial year ended March 31, 2022.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 80.19% · promoters 95.15% · institutions 95.87% · other public 3.60%

  3. Appointment of a director in place of Mr. Satish Rangani (DIN 00209069) who retires by rotation and being eligible has offered himself for re-appointment.
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.18% · other public 0.01%

    Turnout: all 80.19% · promoters 95.15% · institutions 95.87% · other public 3.60%

  4. Ratification of remuneration payable to the Cost Auditors, M/s. R. Nanabhoy & Co. (Firm Registration No. 7464) for the financial year ending March 31, 2023.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 80.19% · promoters 95.15% · institutions 95.87% · other public 3.60%

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 29 Jul 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026 and the Audited Consolidated Financial Statements for the financial year ended March 31, 2026, together with the reports of the Board of Directors and the Auditors thereon.MoreLess
    1 for0 against
  • To appoint a director in place of Mr. Satish Rangani (DIN 00209069) who retires by rotation and being eligible has offered himself for re-appointment.
    1 for0 against
  • To approve giving loan or guarantee or providing security under Section 185 of the Companies Act, 2013
    Against Helios Mutual Fund
    • Helios Mutual FundNon-Compliant with Section 185 of the Companies Act: Inadequate disclosures w.r.t. the particulars mandated u/s 185 of Companies Act, 2013.
    0 for1 against
1 proposal not matched to one resolution
  • Ratification of remuneration of INR 1,50,000/- plus applicable taxes and out of pocket expenses payable to M/s R. Nanabhoy and Co., Cost Accountants (Firm Registration No. 7464) duly approved by the Board of Directors upon recommendation of the Audit Committee as Cost Auditors for conducting the audit of the cost records of the Company for the financial year ending on March 31, 2027.MoreLess
    1 for0 against

Mutual fund votes, meeting of 11 Sep 2025, 3 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • 1 - To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025 and the Audited Consolidated Financial Statements for the financial year ended March 31, 2025, together with the reports of the Board of Directors and the Auditors thereon.MoreLess
    3 for0 against
  • 2 - To declare final dividend on equity shares for the Financial Year ended March 31, 2025 and to confirm the payment of interim dividend for the Financial Year 2024-25.
    3 for0 against
  • 3 - To appoint a director in place of Mr. Satish Rangani (DIN 00209069) who retires by rotation and being eligible has offered himself for re-appointment.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern on the merits of the Director. Non-Compliance under SEBI (LODR) Regulations: The director’s re-appointment beyond 75 years of age is being proposed through an ordinary resolution, instead of the special resolution which is required by law.
    2 for1 against
  • 5 - To appoint M/s. Upendra Shukla & Associates, as Secretarial Auditor.
    3 for0 against
  • 6 - To approve re-appointment of Ms. Harshbeena Zaveri (DIN 00003948) as Managing Director of the Company for a period of 5 (five) years with effect from October 1, 2025.
    3 for0 against
  • 7 - To increase the Authorized Share Capital of the Company and make consequent alteration in Clause V of the Memorandum of Association.
    3 for0 against
  • 8 - To approve appointment of Mr. Tashwinder Singh (DIN: 06572282) as a Non-Executive and Non-Independent Director of the Company with effect from August 09, 2025.
    3 for0 against
1 proposal not matched to one resolution
  • Ratification of remuneration of Rs. 1,30,000/- plus applicable taxes and out of pocket expenses payable to M/s R. Nanabhoy and Co., Cost Accountants (Firm Registration No. 7464) duly approved by the Board of Directors upon recommendation of the Audit Committee as Cost Auditors for conducting the audit of the cost records of the Company for the financial year ending on March 31, 2026.MoreLess
    3 for0 against
6 earlier meetings

Mutual fund votes, meeting of 20 Sep 2024, 6 fund houses

  • Adoption of Audited Financial Statements of the Company for the financial year ended March 31, 2024, and Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024 together with the reports of the Board of Directors and the Auditors thereon.MoreLess
    6 for0 against
  • Confirmation of the Interim Dividend paid by the Company, as final dividend for the year ended March 31, 2024.
    6 for0 against
  • Appointment of a director in place of Mr. Satish Rangani (DIN 00209069) who retires by rotation and being eligible, offers himself for re-appointment.
    Against Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual FundNo concern on the profile and merit of proposed appointee. Non-Compliant with SEBI LODR Regulations: Ordinary Resolution proposed for re-appointment of NED beyond the age of 75 years.
    2 for4 against
  • Ratification of remuneration payable to the Cost Auditors M/s. R. Nanabhoy and Co. Firm Registration No. 7464 for the financial year ending March 31, 2025.
    6 for0 against

Mutual fund votes, meeting of 18 Aug 2024, 6 fund houses

  • Appointment of Ms. Bapsy Dastur (DIN: 09623277), as an Independent Director of the Company.
    6 for0 against
  • Appointment of Mr. Jayavardhan Dhar Diwan (DIN: 01565319), as an Independent Director of the Company.
    Against Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual FundAppointment is compliant with law. Governance concern: Holding 2 Full-Time Positions.
    2 for4 against

Mutual fund votes, meeting of 25 Feb 2024, 5 fund houses

  • Change in designation of Mr. Satish Rangani (DIN: 00209069), who has attained the age of 75 (seventy-five) years, as a Non-Executive Non-Independent Director of the Company
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on the profile and merit of the proposed appointee. Non-compliant with law: Approval should have been obtained prior to him being appointed as NED on the Board.
    3 for2 against

Mutual fund votes, meeting of 29 Sep 2023, 4 fund houses

  • Adoption of Audited Financial Statements of the Company for the financial year ended March 31, 2023 and Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023 together with the reports of the Board of Directors and the Auditors thereon.MoreLess
    4 for0 against
  • Declaration of final dividend on equity shares for the financial year ended March 31, 2023.
    4 for0 against
  • Appointment of a director in place of Mr. Devesh Singh Sahney (DIN. 00003956) who retires by rotation and being eligible, offers himself for re-appointment.
    Against Franklin Templeton Mutual Fund, HDFC Mutual Fund, Mirae Asset Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST the nominee is warranted because Devesh Singh Sahney has failed to attend at least 75 percent of board and committee meetings in the most recent fiscal year, without a satisfactory explanation.
    • HDFC Mutual FundGiven the strained relationship within the promoter family, his appointment might disrupt the smooth functioning of the board and decision making. Further, he also manages a company which is in competing business as the company
    • Mirae Asset Mutual FundOnly 50% attendance in Board Meetings
    1 for3 against
  • Appointment of M/s. Walker Chandiok And Co. LLP, Chartered Accountants (Firm Registration No. 001076N/N500013) as the Statutory Auditors of the Company for a second term of five (5) consecutive years.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual Fund"No concerns on merit & eligibility of proposed Auditors. However, inadequate disclosure in terms of requirement under Regulation 36(5) of SEBI LODR Regulations, 2015 leading to non-compliance."
    3 for1 against
  • Ratification of remuneration payable to the Cost Auditors M/s R. Nanabhoy and Co. Firm Registration No. 7464 for the financial year ending March 31 2024.
    4 for0 against

Mutual fund votes, meeting of 25 Aug 2023, 5 fund houses

  • Re-appointment of Ms. Vishakha R. M. (DIN 07108012), as an Independent Director of the Company for a second term of 5 (five) consecutive years.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundRe-appointment compliant with law. Governance Concern: Ms. Vishakha R. M is the chairperson of NRC, a committee in charge of board remuneration policy that appears to be skewed in favour of promoter ED.
    4 for1 against

Mutual fund votes, meeting of 15 Sep 2022, 3 fund houses

  • Adoption of Audited Financial Statements of the Company for the financial year ended March 31, 2022 and the Audited Consolidated Financial Statements for the financial year ended March 31, 2022, together with the reports of the Board of Directors and the Auditors thereon.MoreLess
    3 for0 against
  • Declaration of final dividend on equity shares for the financial year ended March 31, 2022.
    3 for0 against
  • Appointment of a director in place of Mr. Satish Rangani (DIN 00209069) who retires by rotation and being eligible has offered himself for re-appointment.
    3 for0 against
  • Ratification of remuneration payable to the Cost Auditors, M/s. R. Nanabhoy & Co. (Firm Registration No. 7464) for the financial year ending March 31, 2023.
    3 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes and stakes in unlisted companies

Reported in the filing for the quarter to Jun 2026.

  • Unlisted stake heldNRB Unitec Friction Solutions Private LimitedSince 30 Apr 2026

    0.00% bought in the quarter; holding 100.00%, from 100.00%

  • Unlisted stake heldMahant Tool Room Private LimitedSince 27 Jan 2026

    0.00% bought in the quarter; holding 100.00%, from 100.00%

  • Tax disputeIncome Tax departmentSince 2 Sep 2024
    AY 2007-08 : Matter is pending before Commissioner of Income Tax (Appeals)
  • Tax disputeIncome Tax departmentSince 24 Jan 2020
    AY 2009-10 : Matter is pending before Commissioner of Income Tax (Appeals)
  • Tax disputeIncome Tax departmentSince 3 May 2018
    AY 2011-12: Matter is pending before Commissioner of Income Tax (Appeals)
  • Tax disputeIncome Tax departmentSince 26 Apr 2014
    AY 2011-12: Matter is pending before Commissioner of Income Tax (Appeals)
  • Tax disputeIncome Tax departmentSince 30 Mar 2019
    AY 2012-13 : Matter is pending before Commissioner of Income Tax (Appeals)
  • Tax disputeIncome Tax departmentSince 27 Jan 2017
    AY 2014-15 : Matter is pending before Assessing Office
17 more
  • Tax disputeIncome Tax departmentSince 31 Jan 2018
    AY 2015-16 : Matter is pending before Commissioner of Income Tax (Appeals)
  • Tax disputeIncome Tax departmentSince 6 Mar 2020
    AY 2016-17 : Matter is pending before Commissioner of Income Tax (Appeals)
  • Tax disputeIncome Tax departmentSince 24 Jan 2020
    AY 2017-18 : Matter is pending before Commissioner of Income Tax (Appeals)
  • Tax disputeIncome Tax departmentSince 12 May 2021
    AY 2018-19 : Matter is pending before Commissioner of Income Tax (Appeals)
  • Tax disputeIncome Tax departmentSince 17 Oct 2022
    AY 2020-21 : Matter is pending before Commissioner of Income Tax (Appeals)
  • Tax disputeIncome Tax departmentSince 29 May 2023
    AY 2021-22 : Matter is pending before Commissioner of Income Tax (Appeals)
  • Tax disputeIncome Tax departmentSince 30 Jan 2024
    AY 2021-22 : Matter is pending before Commissioner of Income Tax (Appeals)
  • Tax disputeIncome Tax departmentSince 29 May 2023
    AY 2022-23 : Matter is pending before Commissioner of Income Tax (Appeals)
  • Tax disputeIncome Tax departmentSince 24 Apr 2025
    AY 2023-24 : Matter is pending before Commissioner of Income Tax (Appeals)
  • Tax disputeIncome Tax departmentSince 24 Apr 2026
    AY 2024-25 : Matter is pending before Commissioner of Income Tax (Appeals
  • Tax disputeIncome Tax departmentSince 30 Jun 2022
    AY 2013-14 : Matter is pending before Commissioner of Income Tax (Appeals)
  • Tax disputeIncome Tax departmentSince 30 Jun 2022
    AY 2014-15 : Matter is pending before Commissioner of Income Tax (Appeals)
  • Tax disputeIncome Tax departmentSince 30 Jun 2022
    AY 2015-16 : Matter is pending before Commissioner of Income Tax (Appeals)
  • Tax disputeIncome Tax departmentSince 30 Jun 2022
    AY 2016-17 : Matter is pending before Commissioner of Income Tax (Appeals)
  • Tax disputeIncome Tax departmentSince 30 Jun 2022
    AY 2017-18 : Matter is pending before Commissioner of Income Tax (Appeals)
  • Tax disputeIncome Tax departmentSince 30 Jun 2022
    AY 2018-19 : Matter is pending before Commissioner of Income Tax (Appeals)
  • Tax disputeIncome Tax departmentSince 30 Jun 2022
    AY 2019-20 : Matter is pending before Commissioner of Income Tax (Appeals)

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

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
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.