Panama Petrochem logo

Panama Petrochem CEO, MD, chairman, board of directors and AGM

NSE: PANAMAPETBSE: 524820Petroleum ProductsSmall Cap

Last close ₹448.20down ₹12.90 (2.80%)BSE ₹448.75

Share price at the NSE close on 23 Oct 2026. Previous close ₹461.10.

52-week range of traded prices to 23 Oct 2026
₹229.00Low, 30 Mar 2026₹599.60High, 12 Aug 2026
Market cap
₹2,711 Cr1,199th largest listed
P/E
5.7
P/B
1.8
Dividend yield
0.67%
ROE
35.2%
ROCE
38.4%
Debt to equity
0.05
Volume, NSE
1,67,11142.4% delivered

Panama Petrochem 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

  • Managing directorHussein V. Rayani
  • Managing director and CEOSamir Rayani
  • ChairpersonArif RayaniRelated to the promoter
  • Company Secretary and Compliance OfficerGayatri Sharma

8 directors4 independent4 executive

  • Amirali E. RayaniExecutive · joined Mar 1982 · reappointed Jun 2024 · 1 listed board · 1 committee seat
  • Hussein V. Rayani · Managing directorExecutive · joined Oct 2015 · reappointed Oct 2025 · 1 listed board
  • Samir Rayani · Managing director and CEOExecutive · joined Dec 2000 · reappointed Oct 2023 · 1 listed board · 2 committee seats
  • Arif Rayani · ChairpersonExecutive · joined Aug 2023 · reappointed Aug 2023 · 1 listed board
  • Kumar Raju NandimandalamIndependent · joined Aug 2018 · reappointed Aug 2023 · 98 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Ashok Bhulchand MukhiIndependent · joined Aug 2023 · reappointed Aug 2023 · 38 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • Arvind Maganlal ShahIndependent · joined Aug 2023 · reappointed Aug 2023 · 38 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 2 as chair
  • Almas NandaIndependent · joined Feb 2025 · reappointed Feb 2025 · 20 months as independent · 1 listed board · 1 as independent

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Nargis Kabani, left 12 Feb 2025: Tenure Completion

Committees and meetings

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

  • Board

    • 12 Aug 20268 of 8 present4 independent · 74 days in between
    • 29 May 20268 of 8 present4 independent

  • Audit Committee

    Chair Ashok Bhulchand Mukhi

    Kumar Raju Nandimandalam, Samir Rayani

    • 12 Aug 20263 of 3 present2 independent · 74 days in between
    • 29 May 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Ashok Bhulchand Mukhi

    Arvind Maganlal Shah, Almas Nanda

    • 12 Aug 20263 of 3 present3 independent · 18 days in between

  • Stakeholders Relationship Committee

    Chair Ashok Bhulchand Mukhi

    Kumar Raju Nandimandalam, Amirali E. Rayani, Samir Rayani

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Almas Nanda

    Arvind Maganlal Shah, Hussein V. Rayani

    • 24 Jul 20263 of 3 present2 independent · 55 days in between

  • Corporate Social Responsibility Committee

    Chair Almas Nanda

    Arvind Maganlal Shah, Arif Rayani

    • 29 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.

  • JMR & ASSOCIATES 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.

Panama Petrochem 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.Panama Petrochem dividend history

Annual general meeting, 24 Aug 2026

30,711 shareholders on the register on 17 Aug 2026; present: 18 promoters and 39 others; votes counted by Milind Nirkhe / Milind Nirkhe & Associates.The company's voting result (opens in a new tab)

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

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

    Turnout: all 59.20% · promoters 92.02% · institutions 8.65% · other public 0.57%

  2. To declare Dividend on Equity Shares for the financial year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 59.22% · promoters 92.02% · institutions 8.85% · other public 0.57%

  3. To appoint a Director in place of Mr. Arif Rayani (DIN: 00245647), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 3.87% · other public 0.23%

    Turnout: all 59.22% · promoters 92.02% · institutions 8.85% · other public 0.57%

  4. Ratification of remuneration payable to Cost Auditors for FY 2026-27.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.68%

    Turnout: all 59.22% · promoters 92.02% · institutions 8.85% · other public 0.57%

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, 9 Sep 2025, 7 resolutions

25,587 shareholders on the register on 2 Sep 2025; present: 18 promoters and 32 others; votes counted by Milind Nirkhe / Milind Nirkhe & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (including Audited Consolidated Financial Statements) for the financial year ended March 31, 2025 together with the Reports of the Board of Directors & Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 50.26% · promoters 79.25% · institutions 5.49% · other public 0.50%

  2. To confirm the payment of Interim Dividend and declare Final Dividend on Equity Shares.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 50.28% · promoters 79.25% · institutions 5.66% · other public 0.50%

  3. To appoint a Director in place of Mr. Samir Rayani (DIN: 00002674), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 50.28% · promoters 79.25% · institutions 5.66% · other public 0.50%

  4. To re-appoint the Statutory Auditors of the Company and to fix their remuneration.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 50.28% · promoters 79.25% · institutions 5.66% · other public 0.50%

  5. To re-appoint Mr. Hussein V. Rayani (DIN: 00172165) as Joint Managing Director of the Company.
    Special
    100.00% for0.00% against

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

    Turnout: all 50.28% · promoters 79.25% · institutions 5.66% · other public 0.50%

  6. To appoint M/s Milind Nirkhe & Associates, Company Secretaries as the Secretarial Auditor of the Company and to fix the remuneration.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 50.28% · promoters 79.25% · institutions 5.66% · other public 0.50%

  7. To approve and ratify the remuneration of the Cost Auditors for the financial year ending March 31, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 50.28% · promoters 79.25% · institutions 5.66% · other public 0.50%

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 Aug 2024, 5 resolutions

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

  1. To receive, consider and adopt the Audited Financial Statements (including Audited Consolidated Financial Statements) for the financial year ended March 31, 2024 together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 58.37% · promoters 92.41% · institutions 6.80% · other public 0.58%

  2. To confirm the payment of Interim Dividend and declare Final Dividend on Equity Shares.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 58.39% · promoters 92.41% · institutions 6.95% · other public 0.58%

  3. To appoint a Director in place of Mr. Amirali Rayani (DIN- 00002616), who retires by rotation at this Annual Genral Meeting and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.11%

    Turnout: all 58.39% · promoters 92.41% · institutions 6.95% · other public 0.58%

  4. To appoint Ms. Almas Nanda (DIN - 05329210) as an Independent Director.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.79%

    Turnout: all 58.39% · promoters 92.41% · institutions 6.95% · other public 0.58%

  5. To approve the remuneration of the Cost Auditors for the financial year ending March 31, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.96%

    Turnout: all 58.39% · promoters 92.41% · institutions 6.95% · other public 0.58%

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 Aug 2023, 9 resolutions

Present: 19 promoters and 34 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (including Audited Consolidated Financial Statements) for the financial year ended March 31, 2023 together with the Reports of the Board of Directors & Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 66.24% · promoters 92.02% · institutions 41.90% · other public 0.32%

  2. To confirm the payment of Interim Dividend and declare Final Dividend on Equity Shares.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 66.33% · promoters 92.02% · institutions 44.32% · other public 0.32%

  3. To appoint a Director in place of Mr. Hussein Rayani (DIN:00172165), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
    Ordinary
    98.01% for1.99% against

    Against: promoters 0.00% · institutions 85.80% · other public 0.00%

    Turnout: all 66.33% · promoters 92.02% · institutions 44.32% · other public 0.32%

  4. To re-appoint Mr. Amirali Rayani (DIN:00002616) as Whole-time Director designated as Chairman (Executive).
    Special
    99.73% for0.27% against

    Against: promoters 0.00% · institutions 11.46% · other public 0.00%

    Turnout: all 66.33% · promoters 92.02% · institutions 44.32% · other public 0.32%

  5. To re-designate and appoint Mr. Samir Rayani (DIN:00002674) as the Managing Director and Chief Executive Officer of the Company, for a fresh term of five (5) years commencing from October 01, 2023.
    Special
    99.73% for0.27% against

    Against: promoters 0.00% · institutions 11.46% · other public 0.00%

    Turnout: all 66.33% · promoters 92.02% · institutions 44.32% · other public 0.32%

  6. To appoint Mr. Ashok Mukhi (DIN:01262560) as an Independent Director.
    Special
    100.00% for0.00% against

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

    Turnout: all 66.33% · promoters 92.02% · institutions 44.32% · other public 0.32%

  7. To appoint Mr. Arvind Shah (DIN:01645534) as an Independent Director.
    Special
    100.00% for0.00% against

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

    Turnout: all 66.33% · promoters 92.02% · institutions 44.32% · other public 0.32%

  8. To appoint Mr. Arif Rayani (DIN:00245647) as a Whole Time Director designated as Executive Director.
    Special
    97.99% for2.01% against

    Against: promoters 0.00% · institutions 86.66% · other public 0.23%

    Turnout: all 66.33% · promoters 92.02% · institutions 44.32% · other public 0.32%

  9. To approve the remuneration of the Cost Auditors for the financial year ending March 31, 2024.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 66.33% · promoters 92.02% · institutions 44.32% · other public 0.32%

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

Annual general meeting, 5 Sep 2022, 5 resolutions

Present: 17 promoters and 34 others.The company's voting result (opens in a new tab)

  1. To receive, consider, approve and adopt the Audited Financial Statements (including Audited Consolidated Financial Statements) 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 65.24% · promoters 91.57% · institutions 42.00% · other public 0.30%

  2. To Confirm the payment of Interim Dividend and declare Final Dividend on Equity Shares.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.29% · promoters 91.57% · institutions 43.51% · other public 0.30%

  3. To appoint a Director in place of Mr. Samir A. Rayani (DIN: 00002674), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment
    Ordinary
    97.95% for2.05% against

    Against: promoters 0.00% · institutions 99.01% · other public 0.00%

    Turnout: all 65.29% · promoters 91.57% · institutions 43.51% · other public 0.30%

  4. To re-appoint Mr. Kumar Raju Nandimandalam (DIN: 00829724), as an Independent Director for a second term of 5 (five) consecutive years.
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 2.22% · other public 0.06%

    Turnout: all 65.29% · promoters 91.57% · institutions 43.51% · other public 0.30%

  5. To approve the remuneration of the Cost Auditors for the financial year ending March 31, 2023.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.29% · promoters 91.57% · institutions 43.51% · other public 0.30%

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, 6 Sep 2021, 4 resolutions

Present: 18 promoters and 38 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (including Audited Consolidated Financial Statements) for the financial year ended March 31, 2021 together with the Reports of the Board of Directors & Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.85%

    Turnout: all 71.18% · promoters 97.09% · institutions 34.06% · other public 0.37%

  2. To declare dividend on equity shares.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.18% · promoters 97.09% · institutions 34.06% · other public 0.37%

  3. To appoint a Director in place of Mr. Amirali E. Rayani (DIN 0002616), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
    Ordinary
    99.62% for0.38% against

    Against: promoters 0.00% · institutions 23.52% · other public 0.46%

    Turnout: all 71.18% · promoters 97.09% · institutions 34.06% · other public 0.37%

  4. Ratification of Cost Auditors remuneration.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.18% · promoters 97.09% · institutions 34.06% · other public 0.37%

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, 8 Sep 2020, 7 resolutions

Present: 21 promoters and 21 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (including Audited Consolidated Financial Statements) for the financial year ended March 31, 2020 together with the Reports of the Board of Directors & Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 69.75% · promoters 100.00% · institutions 0.00% · other public 1.81%

  2. To declare dividend on Equity Shares.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 69.75% · promoters 100.00% · institutions 0.00% · other public 1.81%

  3. To appoint a Director in place of Mr. Amin A. Rayani (DIN 00002652), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 69.75% · promoters 100.00% · institutions 0.00% · other public 1.81%

  4. To appoint Auditors & to fix their remuneration
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 69.75% · promoters 100.00% · institutions 0.00% · other public 1.81%

  5. To re-appoint Mr. Hussein V. Rayani (DIN: 00172165) as Joint Managing Director for a period of 5 years
    Special
    100.00% for0.00% against

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

    Turnout: all 69.75% · promoters 100.00% · institutions 0.00% · other public 1.81%

  6. To re-appoint Ms. Nargis Mirza Kabani (DIN: 07047788), as an Independent Director for second term of 5 (five) consecutive years
    Special
    100.00% for0.00% against

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

    Turnout: all 69.75% · promoters 100.00% · institutions 0.00% · other public 1.81%

  7. Ratification of Cost Auditors’ remuneration
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 69.75% · promoters 100.00% · institutions 0.00% · other public 1.81%

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

Annual general meeting, 17 Sep 2019, 10 resolutions

Present: 13 promoters and 22 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements (including Audited Consolidated Financial Statements) for the financial year ended March 31, 2019 together with the Reports of the Board of Directors & Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.30% · promoters 100.00% · institutions 12.40% · other public 0.75%

  2. Declare dividend on equity shares.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.30% · promoters 100.00% · institutions 12.40% · other public 0.75%

  3. Re-appointment of Mr. Hussein V. Rayani, who retires by rotation.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.30% · promoters 100.00% · institutions 12.40% · other public 0.75%

  4. Re-appointment of Mr. Amirali E. Rayani as Whole-time Director designated as Chairman.
    Special
    100.00% for0.00% against

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

    Turnout: all 70.30% · promoters 100.00% · institutions 12.40% · other public 0.75%

  5. Re-appointment of Mr. Amin A. Rayani as Managing Director & CEO
    Special
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 70.30% · promoters 100.00% · institutions 12.40% · other public 0.75%

  6. Re-appointment of Mr. Samir A. Rayani as Whole-time Director designated as Executive Director
    Special
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 70.30% · promoters 100.00% · institutions 12.40% · other public 0.75%

  7. Re-appointment of Mr. Mukesh Mehta as an Independent Director
    Special
    100.00% for0.00% against

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

    Turnout: all 70.30% · promoters 100.00% · institutions 12.40% · other public 0.75%

  8. Re-appointment of Mr. Madan Mohan Jain as an Independent Director
    Special
    100.00% for0.00% against

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

    Turnout: all 70.30% · promoters 100.00% · institutions 12.40% · other public 0.75%

  9. Appointment of Mr. Kumar Raju Nandimandalam, as an Independent Director.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.30% · promoters 100.00% · institutions 12.40% · other public 0.75%

  10. Ratification of Cost Auditors remuneration
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.30% · promoters 100.00% · institutions 12.40% · other public 0.75%

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 9 Sep 2025, 1 fund house

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

  • To receive, consider and adopt the Audited Financial Statements (including Audited Consolidated Financial Statements) for the financial year ended March 31, 2025 together with the Reports of the Board of Directors & Auditors thereon.MoreLess
    1 for0 against
  • To confirm the payment of Interim Dividend and declare Final Dividend on Equity Shares.
    1 for0 against
  • To appoint a Director in place of Mr. Samir Rayani (DIN: 00002674), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
    1 for0 against
  • To re-appoint Mr. Hussein V. Rayani (DIN: 00172165) as Joint Managing Director of the Company.
    1 for0 against
  • To appoint M/s Milind Nirkhe & Associates, Company Secretaries as the Secretarial Auditor of the Company and to fix the remuneration.
    1 for0 against
  • To approve and ratify the remuneration of the Cost Auditors for the financial year ending March 31, 2026.
    1 for0 against
1 proposal not matched to one resolution
  • Re-appointment of JMR and Associates LLP, Chartered Accountants, (Registration No. 106912W/W100300) Mumbai as Statutory Auditors of the Company to hold office for a second term of five consecutive years commencing from the conclusion of this Annual General Meeting (AGM) until the conclusion of the 48th AGM due to be held in the Year 2030, on such remuneration as may be mutually agreed upon between the Board of Directors of the Company and the Auditors.MoreLess
    1 for0 against

Mutual fund votes, meeting of 29 Aug 2024, 1 fund house

  • To receive, consider and adopt the Audited Financial Statements (including Audited Consolidated Financial Statements) for the financial year ended March 31, 2024 together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    1 for0 against
  • To confirm the payment of Interim Dividend and declare Final Dividend on Equity Shares.
    1 for0 against
  • To appoint a Director in place of Mr. Amirali Rayani (DIN- 00002616), who retires by rotation at this Annual Genral Meeting and being eligible, offers himself for re-appointment.
    1 for0 against
  • To appoint Ms. Almas Nanda (DIN - 05329210) as an Independent Director.
    1 for0 against
  • To approve the remuneration of the Cost Auditors for the financial year ending March 31, 2025.
    1 for0 against
1 earlier meeting

Mutual fund votes, meeting of 29 Aug 2023, 1 fund house

  • To receive, consider and adopt the Audited Financial Statements (including Audited Consolidated Financial Statements) for the financial year ended March 31, 2023 together with the Reports of the Board of Directors & Auditors thereon.MoreLess
    1 for0 against
  • To confirm the payment of Interim Dividend and declare Final Dividend on Equity Shares.
    1 for0 against
  • To appoint a Director in place of Mr. Hussein Rayani (DIN:00172165), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
    1 for0 against
  • To re-appoint Mr. Amirali Rayani (DIN:00002616) as Whole-time Director designated as Chairman (Executive).
    1 for0 against
  • To re-designate and appoint Mr. Samir Rayani (DIN:00002674) as the Managing Director and Chief Executive Officer of the Company, for a fresh term of five (5) years commencing from October 01, 2023.
    1 for0 against
  • To appoint Mr. Ashok Mukhi (DIN:01262560) as an Independent Director.
    1 for0 against
  • To appoint Mr. Arvind Shah (DIN:01645534) as an Independent Director.
    1 for0 against
  • To appoint Mr. Arif Rayani (DIN:00245647) as a Whole Time Director designated as Executive Director.
    1 for0 against
  • To approve the remuneration of the Cost Auditors for the financial year ending March 31, 2024.
    1 for0 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 disputeDeputy Commissioner of Income TaxSince 24 Sep 2021
    Dispute appealed to ITAT and decision from ITAT pending.
    At the filing before: Order dated 23.02.26 passed partly in favour of the Company and for rest will be appealed to ITAT.
  • Tax disputeAssessment Unit of IT DepartmentSince 21 Jan 2026
    Subsequently the hearing date is scheduled on 9th October 2026.
    At the filing before: Appeal has been filed with CIT(A) for A.Y. 2023-24 on 16 Feb 2026.
  • Tax disputeCommissioner of Customs (Adjudication), MumbaiSince 3 Jul 2024
    The appeal for the period from October 2017 to January 2019 is currently underway under Customs, Excise and Service Tax Appellate Tribunal, Mumbai
  • Tax disputeCommissioner of Customs (Appeals), MumbaiSince 7 Mar 2024
    The appeal for the period from October 2017 to January 2019 is currently underway under Customs, Excise and Service Tax Appellate Tribunal, Mumbai

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.