Orient Electric logo

Orient Electric CEO, MD, chairman, board of directors and AGM

NSE: ORIENTELECBSE: 541301Consumer DurablesSmall Cap

Last close ₹183.37down ₹5.54 (2.93%)BSE ₹183.30

Share price at the NSE close on 23 Oct 2026. Previous close ₹188.91.

52-week range of traded prices to 23 Oct 2026
₹149.05Low, 30 Mar 2026₹217.51High, 31 Oct 2025
Market cap
₹3,912 Cr881st largest listed
P/E
31.3
P/E without one-offs
28.2
P/B
4.9
Dividend yield
0.82%
ROE
16.5%
ROE without one-offs
18.4%
ROCE
22.8%
Debt to equity
0.05
Volume, NSE
9,39,17249.5% delivered

Orient Electric 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

  • ChairpersonChandrakant BirlaRelated to the promoter
  • Managing director and CEORavindra Singh Negi
  • Company Secretary and Compliance OfficerDiksha Singh

6 directors4 independent1 executive1 non-executive

  • Chandrakant Birla · ChairpersonNon-executive · joined Jan 2018 · 4 listed boards · 1 committee seat, 1 as chair
  • Ravindra Singh Negi · Managing director and CEOExecutive · joined May 2024 · 1 listed board
  • Tirumalai Cunnavakaum Anandanpillai RanganathanIndependent · joined Jan 2018 · reappointed Jan 2023 · 104 months as independent · 2 listed boards · 2 as independent · 6 committee seats, 4 as chair
  • Pradeep Chandra KathiIndependent · joined Jan 2018 · reappointed Jan 2023 · 104 months as independent · 2 listed boards · 2 as independent · 4 committee seats
  • Alka Marezban BharuchaIndependent · joined Jan 2018 · reappointed Jan 2023 · 104 months as independent · 5 listed boards · 5 as independent · 5 committee seats, 2 as chair
  • Raju LalIndependent · joined Oct 2023 · reappointed Oct 2023 · 35 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.

Committees and meetings

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

  • Board

    • 22 Jul 20266 of 6 present4 independent · 74 days in between
    • 8 May 20266 of 6 present4 independent

  • Audit Committee

    Chair Tirumalai Cunnavakaum Anandanpillai Ranganathan

    Pradeep Chandra Kathi, Alka Marezban Bharucha, Raju Lal

    • 22 Jul 20264 of 4 present4 independent · 74 days in between
    • 8 May 20264 of 4 present4 independent

  • Nomination and remuneration committee

    Chair Alka Marezban Bharucha

    Chandrakant Birla, Tirumalai Cunnavakaum Anandanpillai Ranganathan, Pradeep Chandra Kathi

    • 8 May 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Alka Marezban Bharucha

    Tirumalai Cunnavakaum Anandanpillai Ranganathan, Pradeep Chandra Kathi

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Raju Lal

    Tirumalai Cunnavakaum Anandanpillai Ranganathan, Pradeep Chandra Kathi, Alka Marezban Bharucha

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Pradeep Chandra Kathi

    Tirumalai Cunnavakaum Anandanpillai Ranganathan, Ravindra Singh Negi

    • 8 May 20263 of 3 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • S.R. Batliboi & Co. LLPPeer-review certificate valid to Jul 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Orient Electric 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.Orient Electric dividend history

Annual general meeting, 22 Jul 2026

81,031 shareholders on the register on 15 Jul 2026; present: 14 promoters and 46 others; votes counted by ATUL KUMAR LABH / M/s.Labh & Labh Associates, Company Secretaries.The company's voting result (opens in a new tab)

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

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

    Turnout: all 84.49% · promoters 100.00% · institutions 92.15% · other public 51.06%

  2. To declare final dividend of Rs. 0.75 (75 %) per equity share of face value of `1 each for the financial year ended March 31, 2026
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 84.49% · promoters 100.00% · institutions 92.15% · other public 51.06%

  3. To re-appoint Mr. CK Birla (DIN: 00118473), Non-executive Director who retires by rotation and being eligible, offers himself for re-appointment as a Non-executive Director of the Company.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 84.49% · promoters 100.00% · institutions 92.15% · other public 51.06%

  4. To appoint M/s. Price Waterhouse Chartered Accountants LLP, as the Statutory Auditors of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 84.49% · promoters 100.00% · institutions 92.15% · other public 51.06%

  5. To ratify remuneration of the Cost Auditor for the financial year ending March 31, 2027.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 84.49% · promoters 100.00% · institutions 92.15% · other public 51.06%

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, 22 Feb 2026, 2 resolutions

82,958 shareholders on the register on 16 Jan 2026; votes counted by Atul Kumar Labh / M/s. Labh & Labh Associates.The company's voting result (opens in a new tab)

  1. To consider and approve the grant of Long-Term Incentive to Mr. Ravindra Singh Negi, Managing Director and Chief Executive Officer (DIN: 10627944) of the Company.
    Ordinary
    99.56% for0.44% against

    Against: promoters 0.00% · institutions 1.04% · other public 0.05%

    Turnout: all 85.52% · promoters 100.00% · institutions 95.44% · other public 48.40%

  2. To consider and approve the Long-Term Incentives Program for Ms. Avani Birla, President- Strategy of the Company.
    OrdinaryPromoters have an interest in it
    96.80% for3.20% against

    Against: promoters 0.00% · institutions 7.42% · other public 0.05%

    Turnout: all 81.92% · promoters 90.60% · institutions 95.44% · other public 48.40%

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 Jul 2025, 6 resolutions

82,732 shareholders on the register on 18 Jul 2025; present: 14 promoters and 49 others; votes counted by A.K. LABH / A.K LABH & Co..The company's voting result (opens in a new tab)

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

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

    Turnout: all 80.57% · promoters 97.17% · institutions 88.65% · other public 46.11%

  2. Declare final dividend of J 0.75 (75%) per equity share of face value of J 1 each for the financial year ended March 31, 2025, and to confirm the interim dividend of J 0.75 (75%) per equity share, already paid during the financial year 2024-25.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 80.57% · promoters 97.17% · institutions 88.65% · other public 46.11%

  3. Appointment of Mr. Ravindra Singh Negi (DIN: 10627944), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.21% · other public 0.01%

    Turnout: all 80.57% · promoters 97.17% · institutions 88.65% · other public 46.11%

  4. Ratification of remuneration to be paid to the Cost Auditor for the financial year 2025-26
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 80.57% · promoters 97.17% · institutions 88.65% · other public 46.11%

  5. Approve the appointment of M/s. LABH & LABH Associates, Firm of Company Secretaries in Practice as Secretarial Auditor of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 80.57% · promoters 97.17% · institutions 88.65% · other public 46.11%

  6. Approve increase in the limit of managerial remuneration paid/ Payable to the Managing Director & Chief Executive Officer in excess of 5% of the net profits of the Company up to a limit of 6% of the net profits for the financial year 2024-25.MoreLess
    Special
    93.08% for6.92% against

    Against: promoters 0.00% · institutions 17.95% · other public 0.05%

    Turnout: all 80.57% · promoters 97.17% · institutions 88.65% · other public 46.11%

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, 1 Aug 2024, 8 resolutions

Present: 17 promoters and 35 others.The company's voting result (opens in a new tab)

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

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

    Turnout: all 83.75% · promoters 100.00% · institutions 94.25% · other public 47.21%

  2. Declare final dividend of Rs. 0.75 (75%) per equity share of face value of Re. 1 each for the financial year ended March 31, 2024 and to confirm the interim dividend of Re. 0.75 (75%) per equity share, already paid during the financial year 2023-24.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 83.75% · promoters 100.00% · institutions 94.25% · other public 47.21%

  3. Appointment of Mr. Chandra Kant Birla (DIN: 00118473), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.68% for0.32% against

    Against: promoters 0.00% · institutions 0.83% · other public 0.00%

    Turnout: all 83.75% · promoters 100.00% · institutions 94.25% · other public 47.21%

  4. Appointment of Mr. Ravindra Singh Negi (DIN 10627944) as a Director, liable to retire by rotation.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.06% · other public 0.00%

    Turnout: all 83.75% · promoters 100.00% · institutions 94.25% · other public 47.21%

  5. Appointment of Mr. Ravindra Singh Negi (DIN 10627944) as the Managing Director of the Company.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.06% · other public 0.00%

    Turnout: all 83.75% · promoters 100.00% · institutions 94.25% · other public 47.21%

  6. Approval of the terms of remuneration of Mr. Ravindra Singh Negi (DIN 10627944), Managing Director & Chief Executive Officer of the Company.
    Ordinary
    94.33% for5.67% against

    Against: promoters 0.00% · institutions 14.52% · other public 0.01%

    Turnout: all 83.75% · promoters 100.00% · institutions 94.25% · other public 47.21%

  7. Approval of the revised remuneration paid to Mr. Desh Deepak Khetrapal (DIN: 2362633).
    Ordinary
    98.99% for1.01% against

    Against: promoters 0.00% · institutions 2.57% · other public 0.02%

    Turnout: all 83.75% · promoters 100.00% · institutions 94.25% · other public 47.21%

  8. Ratification of remuneration to be paid to the Cost Auditor 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 83.75% · promoters 100.00% · institutions 94.25% · other public 47.21%

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, 10 Dec 2023, 1 resolution

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

  1. Appointment of Mr. Raju Lal (DIN 10347298) as an Independent Director on the Board of the Company for a period of five years w.e.f. October 11, 2023
    Special
    99.51% for0.49% against

    Against: promoters 0.00% · institutions 1.26% · other public 0.00%

    Turnout: all 86.27% · promoters 100.00% · institutions 95.46% · other public 53.94%

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, 10 Sep 2023, 2 resolutions

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

  1. Approval for appointment of Mr. Desh Deepak Khetrapal (DIN: 02362633) as the Managing Director of the Company for a period of 1 year w.e.f July 15, 2023
    Ordinary
    91.14% for8.86% against

    Against: promoters 0.00% · institutions 22.75% · other public 0.03%

    Turnout: all 84.95% · promoters 100.00% · institutions 93.62% · other public 51.47%

  2. Approval of the terms of Remuneration of Mr. Desh Deepak Khetrapal (DIN: 02362633) as Managing Director of the Company
    Ordinary
    91.14% for8.86% against

    Against: promoters 0.00% · institutions 22.75% · other public 0.03%

    Turnout: all 84.95% · promoters 100.00% · institutions 93.62% · other public 51.47%

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, 2 Aug 2023, 4 resolutions

Present: 17 promoters and 41 others.The company's voting result (opens in a new tab)

  1. Receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2023 together with the reports of Board of Directors and Auditors’ thereon.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 83.35% · promoters 100.00% · institutions 96.36% · other public 44.79%

  2. Declare final dividend of Rs. 0.75 (75%) per equity share of face value of Re. 1 each for the financial year ended March 31, 2023 and to confirm the interim dividend of Re. 0.75 (75%) per equity share, already paid during the financial year 2022-23.MoreLess
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 83.35% · promoters 100.00% · institutions 96.36% · other public 44.79%

  3. Appoint a Director, in place of Mr. Desh Deepak Khetrapal (DIN: 02362633), who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 0.67% · other public 0.01%

    Turnout: all 83.35% · promoters 100.00% · institutions 96.36% · other public 44.79%

  4. Ratification of remuneration to Cost Auditor for the financial year ending March 31, 2024.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 83.35% · promoters 100.00% · institutions 96.36% · other public 44.79%

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, 21 Jun 2023, 4 resolutions

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

  1. Appointment of Mr.Rajan Gupta (DIN 07603128) as a director , not liable to retire by rotation.
    Ordinary
    95.14% for4.86% against

    Against: promoters 0.00% · institutions 13.04% · other public 0.01%

    Turnout: all 83.07% · promoters 100.00% · institutions 94.22% · other public 47.67%

  2. Appointment of Mr. Rajan Gupta (DIN: 07603128) as the Managing Director of the company.
    Ordinary
    95.18% for4.82% against

    Against: promoters 0.00% · institutions 12.92% · other public 0.01%

    Turnout: all 83.07% · promoters 100.00% · institutions 94.22% · other public 47.67%

  3. Approval of remuneration of Mr. Rajan Gupta, Managing Director and Chief Executive Officer of the Company.
    Ordinary
    75.82% for24.18% against

    Against: promoters 0.00% · institutions 64.84% · other public 0.01%

    Turnout: all 83.07% · promoters 100.00% · institutions 94.22% · other public 47.67%

  4. Approval of remuneration of Mr. Rakesh Khanna (DIN : 00266132)
    Ordinary
    89.98% for10.02% against

    Against: promoters 0.00% · institutions 26.88% · other public 0.01%

    Turnout: all 83.07% · promoters 100.00% · institutions 94.22% · other public 47.67%

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

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 22 Jul 2026, 5 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the reports of Board of Directors and Auditors’ thereon
    5 for0 against
  • To declare final dividend of Rs. 0.75 (75 %) per equity share of face value of `1 each for the financial year ended March 31, 2026
    5 for0 against
  • To re-appoint Mr. CK Birla (DIN: 00118473), Non-executive Director who retires by rotation and being eligible, offers himself for re-appointment as a Non-executive Director of the Company.
    5 for0 against
  • To appoint M/s. Price Waterhouse Chartered Accountants LLP, as the Statutory Auditors of the Company.
    5 for0 against
  • To ratify remuneration of the Cost Auditor for the financial year ending March 31, 2027.
    5 for0 against

Mutual fund votes, meeting of 22 Feb 2026, 13 fund houses

  • To consider and approve the grant of Long-Term Incentive to Mr. Ravindra Singh Negi, Managing Director and Chief Executive Officer (DIN: 10627944) of the Company.
    13 for0 against
  • To consider and approve the Long-Term Incentives Program for Ms. Avani Birla, President- Strategy of the Company.
    13 for0 against
6 earlier meetings

Mutual fund votes, meeting of 25 Jul 2025, 13 fund houses

  • Receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2025, together with the reports of Board of Directors and Auditors’ thereon.
    13 for0 against
  • Declare final dividend of J 0.75 (75%) per equity share of face value of J 1 each for the financial year ended March 31, 2025, and to confirm the interim dividend of J 0.75 (75%) per equity share, already paid during the financial year 2024-25.MoreLess
    13 for0 against
  • Appointment of Mr. Ravindra Singh Negi (DIN: 10627944), who retires by rotation and being eligible, offers himself for re-appointment.
    13 for0 against
  • Ratification of remuneration to be paid to the Cost Auditor for the financial year 2025-26
    13 for0 against
  • Approve the appointment of M/s. LABH & LABH Associates, Firm of Company Secretaries in Practice as Secretarial Auditor of the Company.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. Transparency concern: Remuneration of outgoing auditor not disclosed, thus, material change, if any, with proposed audit fee cannot be ascertained.
    12 for1 against
  • Approve increase in the limit of managerial remuneration paid/ Payable to the Managing Director & Chief Executive Officer in excess of 5% of the net profits of the Company up to a limit of 6% of the net profits for the financial year 2024-25.MoreLess
    13 for0 against

Mutual fund votes, meeting of 1 Aug 2024, 12 fund houses

  • Receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2024 together with the reports of Board of Directors and Auditors’ thereon.
    12 for0 against
  • Declare final dividend of Rs. 0.75 (75%) per equity share of face value of Re. 1 each for the financial year ended March 31, 2024 and to confirm the interim dividend of Re. 0.75 (75%) per equity share, already paid during the financial year 2023-24.MoreLess
    12 for0 against
  • Appointment of Mr. Chandra Kant Birla (DIN: 00118473), who retires by rotation and being eligible, offers himself for re-appointment.
    12 for0 against
  • Appointment of Mr. Ravindra Singh Negi (DIN 10627944) as a Director, liable to retire by rotation.
    12 for0 against
  • Appointment of Mr. Ravindra Singh Negi (DIN 10627944) as the Managing Director of the Company.
    12 for0 against
  • Approval of the terms of remuneration of Mr. Ravindra Singh Negi (DIN 10627944), Managing Director & Chief Executive Officer of the Company.
    12 for0 against
  • Approval of the revised remuneration paid to Mr. Desh Deepak Khetrapal (DIN: 2362633).
    Against Bandhan Mutual Fund, Groww Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on merit of Mr. Khetrapal and proposed remuneration. Governance Concern: Appointment as MD was non-compliant with SEBI LODR and Companies Act.
    • JM Financial Mutual FundNo concern on merit of Mr. Khetrapal and proposed remuneration. Governance Concern: Appointment as Managing Director was non-compliant with SEBI LODR and Companies Act.
    8 for4 against
  • Ratification of remuneration to be paid to the Cost Auditor for the financial year 2024 -25.
    12 for0 against

Mutual fund votes, meeting of 10 Dec 2023, 14 fund houses

  • Appointment of Mr. Raju Lal (DIN 10347298) as an Independent Director on the Board of the Company for a period of five years w.e.f. October 11, 2023
    14 for0 against

Mutual fund votes, meeting of 10 Sep 2023, 14 fund houses

  • Approval for appointment of Mr. Desh Deepak Khetrapal (DIN: 02362633) as the Managing Director of the Company for a period of 1 year w.e.f July 15, 2023
    Against LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • LIC Mutual FundNon-Compliance: Delayed shareholders approval. Governance Concern: Holding two full-time positions.
    • Motilal Oswal Mutual FundNon-Compliance: Delayed shareholders’ approval. Governance Concern: Holding two full-time positions.
    • Nippon India Mutual FundShareholder's approval not obtained on time for appointment of director
    11 for3 against
  • Approval of the terms of Remuneration of Mr. Desh Deepak Khetrapal (DIN: 02362633) as Managing Director of the Company
    Against LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • LIC Mutual FundNon-Compliance: Delayed shareholders approval. Governance Concern: Holding two full-time positions.
    • Motilal Oswal Mutual FundNon-Compliance: Delayed shareholders’ approval. Governance Concern: Holding two full-time positions.
    • Nippon India Mutual FundShareholder's approval not obtained on time for appointment of director
    11 for3 against

Mutual fund votes, meeting of 2 Aug 2023, 13 fund houses

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

  • Receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2023 together with the reports of Board of Directors and Auditors’ thereon.
    13 for0 against
  • Declare final dividend of Rs. 0.75 (75%) per equity share of face value of Re. 1 each for the financial year ended March 31, 2023 and to confirm the interim dividend of Re. 0.75 (75%) per equity share, already paid during the financial year 2022-23.MoreLess
    13 for0 against
  • Appoint a Director, in place of Mr. Desh Deepak Khetrapal (DIN: 02362633), who retires by rotation and being eligible, offers himself for re-appointment.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundAppointment compliant with law. Governance Concern: Holding two full time positions
    12 for1 against
  • Ratification of remuneration to Cost Auditor for the financial year ending March 31, 2024.
    9 for0 against
2 proposals not matched to one resolution
  • 4) Ratify remuneration of Rs 85,000 payable to Somnath Mukherjee, Cost Accountant for FY24.
    1 for0 against
  • Ratify remuneration of Rs 85,000 payable to Somnath Mukherjee, Cost Accountant for FY24
    3 for0 against

Mutual fund votes, meeting of 21 Jun 2023, 13 fund houses

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

  • Appointment of Mr.Rajan Gupta (DIN 07603128) as a director , not liable to retire by rotation.
    Against JM Financial Mutual Fund
    • JM Financial Mutual FundCompliant with law. Governance concern: Appointment as a director under resolution #1 for perpetual term.
    6 for1 against
  • Appointment of Mr. Rajan Gupta (DIN: 07603128) as the Managing Director of the company.
    Against JM Financial Mutual Fund
    • JM Financial Mutual FundCompliant with law. Governance concern: Appointment as a director under resolution #1 for perpetual term.
    6 for1 against
  • Approval of remuneration of Mr. Rajan Gupta, Managing Director and Chief Executive Officer of the Company.
    Against Axis Mutual Fund, JM Financial Mutual Fund, Kotak Mahindra Mutual Fund, Mirae Asset Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund, Sundaram Mutual Fund
    • Axis Mutual FundWe estimate Rajan Gupta’s FY24 pay at Rs. 110.9 mn, including a one-time joining bonus of Rs. 17.0 mn (Rs. 93.9 mn excluding the joining bonus). His proposed remuneration is twice the remuneration paid to predecessor Rakesh Khanna who was paid in the range of ~Rs. 45.0 mn to Rs. 50.0 mn. Rajan Gupta was previously associated with Hathway Cable And Datacom Limited as MD and received remuneration in the range of ~Rs. 68-78 mn. While we support Rajan Gupta’s appointment as MD, we are unable to support the resolution as we believe, at a pay of Rs. 93.9 mn for FY24, (excluding one-time bonus), his remuneration is high for the company’s size and is not comparable to industry peers. The company should have disclosed the performance metrics that determine his variable pay
    • JM Financial Mutual FundCompliant with law. Governance concern: Appointment as a director under resolution #1 for perpetual term.
    • Kotak Mahindra Mutual FundRajan Gupta, 48 is currently Managing Director and CEO at Orient Electric. He has over two decades of experience in management. His role is not liable to retire by rotation. Though compliant with law and remuneration in line with peers, appointing non-retiring directors may led to appointments for a perpetual term. Such perpetual terms are not shareholder friendly in nature and are against the spirit of law, hence voting against.
    • Mirae Asset Mutual FundWe need more clarity on the remuneration
    • Nippon India Mutual FundProposed appointment of director may not be liable to retire by rotation
    • SBI Mutual Fund, Sundaram Mutual FundWe estimate Rajan Gupta’s FY24 pay at Rs. 110.9 mn, including a one-time joining bonus of Rs. 17.0 mn (Rs. 93.9 mn excluding the joining bonus). His proposed remuneration is twice the remuneration paid to predecessor Rakesh Khanna who was paid in the range of ~Rs. 45.0 mn to Rs. 50.0 mn. Rajan Gupta was previously associated with Hathway Cable And Datacom Limited as MD and received remuneration in the range of ~Rs. 68-78 mn. While we support Rajan Gupta’s appointment as MD, we are unable to support the resolution as we believe, at a pay of Rs. 93.9 mn for FY24, (excluding one-time bonus), his remuneration is high for the company’s size and is not comparable to industry peers. The company should have disclosed the performance metrics that determine his variable pay.
    6 for7 against
  • Approval of remuneration of Mr. Rakesh Khanna (DIN : 00266132)
    Against JM Financial Mutual Fund, Kotak Mahindra Mutual Fund
    • JM Financial Mutual FundCompliant with Law. Governance concern. Inadequate disclosures.
    • Kotak Mahindra Mutual FundRajesh Khanna resigned from the position of Managing Director & CEO of the Company from April 10 2023. The resolution is proposing his remuneration at INR 36 lakhs for period from 1st April, 2023 to 3rd April, 2023 (3 Days). There is no justification provided on such a high amount paid for just 3 days. Due to lack of disclosure and proper justification voting against.
    11 for2 against
2 proposals not matched to one resolution
  • Appointment of Mr. Rajan Gupta (DIN 07603128) as an Additional Director of the Company with effect from April 4, 2023 and designated as Managing Director and Chief Executive Officer and a Key Managerial Personnel and who holds office as Additional Director upto the date of ensuing Annual General Meeting (AGM) of the Company.MoreLess
    Against Kotak Mahindra Mutual Fund
    • Kotak Mahindra Mutual FundRajan Gupta, 48 is currently Managing Director and CEO at Orient Electric. He has over two decades of experience in management. His role is not liable to retire by rotation. Though compliant with law, appointing non-retiring directors may led to appointments for a perpetual term. Such perpetual terms are not shareholder friendly in nature and are against the spirit of law, hence voting against.
    5 for1 against
  • Appointment of Mr. Rajan Gupta (DIN 07603128) as the Managing Director, designated as Managing Director & Chief Executive Officer, a Key Managerial Personnel of the Company, for a period of 5 (five) years with effect from April 4, 2023 and including remuneration.MoreLess
    Against Kotak Mahindra Mutual Fund
    • Kotak Mahindra Mutual FundRajan Gupta, 48 is currently Managing Director and CEO at Orient Electric. He has over two decades of experience in management. His role is not liable to retire by rotation. Though compliant with law, appointing non-retiring directors may led to appointments for a perpetual term. Such perpetual terms are not shareholder friendly in nature and are against the spirit of law, hence voting against.
    5 for1 against

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

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeJoint Commissioner of (Anti Evasion) CGST and Excise, Thane (Maharashtra)Since 28 Jun 2024
    Writ Petition was listed on 03.08.2026 before Hon’ble Bombay High Court, wherein the Court has issued Notice and granted interim stay against any coercive action by the Department on the ground of clubbing of multiple tax periods in a single SCN. Matter was next listed for hearing on 15.09.2026, but Court was not working on the occasion of Ganesh Chaturthi. Next date of hearing is yet to be updated.MoreLess
    At the filing before: In respect to GST demand (DRC-01A) received under Section 74(5) and as intimated to stock exchange on June 29, 2024. The company had received Order in original in under Section 74(9) confirming the liability amount in respect of the following matter. a. Import of goods at a higher rate of GST and further supply at the correct lower rate of GST: The department has confirmed the demand of Rs. 19,68,20,508/- on the supplies made by the company and penalty of Rs 19,68,20,508/- and interest thereon. b. Payment of GST on moulds supplied on free of cost basis by company to supplier: Department has confirmed the GST demand of Rs. 63,87,402 and penalty of Rs 63,87,402/- and interest thereon. Company has filled writ petition with Hon’ble High court of Maharashtra on May 06, 2025.MoreLess
  • Tax disputeSuperintendent of Central Tax Ibrahimpatnam CGST Range (Andhra Pradesh)Since 22 Nov 2024
    No change in status.
    At the filing before: Import of goods at a higher rate of GST and further supply at the correct lower rate of GST: The company had imported goods falling under Entry no. 438A and paid IGST at the higher rate of 18% and availed credit of the same. The said goods have been supplied by the Company to its customers by classifying it under the heading under entry number 226 and 227 of Schedule II of Notification No. 01/2017 CT (Rate) dated 28.06.2017 and paid GST @12% instead of 18%. Accordingly, the department has raised the differential demand of Tax of Rs. 6,70,615/, penalty amounting to Rs. 6,70,615/- and applicable interest on tax demand. Company has filled appeal against the said demand order with Appellate Authority and the appeal is yet to be listed.MoreLess
  • Tax disputeJoint Commissioner, C.G.S.T and Central Excise Commissionerate. IndoreSince 27 Jan 2025
    No change in status
    At the filing before: Demand against the differential GST on supply of Goods. The company had imported goods falling under Entry no. 438A and paid IGST at the higher rate of 18% and availed credit of the same. The said goods have been supplied by the Company to its depot at Madhya Pradesh and further sold to customers by classifying it under the heading under entry number 226 and 227 of Schedule 11 of Notification No. 01/2017 CT (Rate) dated 28.06.2017 and paid GST @12% instead of 18%. Accordingly, the department has raised demand for the differential amount of Rs. 8,86,47,756/- and penalty Rs. 8,86,47,756/- and interest on demand on the supplies made by the company. Company has filled writ petition with Hon’ble High court of Madhya Pradesh on April 24, 2025. Matter is under hearing with MP high court. Next date of hearing is yet to be updatedMoreLess
  • Tax disputeOffice of the Assistant Commissioner of Central Tax and Central Excise, Amravati CGST Divisional OfficeSince 12 Nov 2025
    No change in status
    At the filing before: The Company had received a Demand order of ₹ 5,73,16,308/- (Tax- ₹ 2,86,58,154/- and Penalty ₹ 2,86,58,154/-) plus applicable interest, under section 74 of CGST Act, 2017, where department had alleged short payment of GST on account of wrong HSN/misclassification of LED goods. Company has filled appeal against the said demand order with Appellate Authority (Assistant Commissioner) on 05-02-2026. Appeal is yet to be listed for hearing.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

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.