Paradeep Phosphates logo

Paradeep Phosphates CEO, MD, chairman, board of directors and AGM

NSE: PARADEEPBSE: 543530Fertilizers & AgrochemicalsSmall Cap

Last close ₹133.57down ₹4.78 (3.46%)BSE ₹133.60

Share price at the NSE close on 23 Oct 2026. Previous close ₹138.35.

52-week range of traded prices to 23 Oct 2026
₹99.70Low, 9 Mar 2026₹180.90High, 23 Oct 2025
Market cap
₹13,872 Cr477th largest listed
P/E
12.9
P/B
2.0
Dividend yield
1.12%
ROE
19.7%
ROCE
13.7%
Debt to equity
1.02
Volume, NSE
25,56,79439.9% delivered

Paradeep Phosphates 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

  • ChairpersonSAROJ KUMAR PODDARRelated to the promoter
  • Managing director and CEONARAYANAN SURESH KRISHNAN
  • Company Secretary and Compliance OfficerSachin Patil

12 directors6 independent2 executive4 non-executive

  • SAROJ KUMAR PODDAR · ChairpersonNominee, non-executive · joined Feb 2014 · 5 listed boards
  • NARAYANAN SURESH KRISHNAN · Managing director and CEOExecutive · joined Feb 2020 · reappointed Feb 2026 · 3 listed boards · 1 as independent · 2 committee seats
  • SOUAL MOHAMEDNominee, non-executive · joined Feb 2020 · 1 listed board
  • KARIM LOTFI SENHADJINominee, non-executive · joined Jan 2022 · 1 listed board · 1 committee seat
  • SATYANANDA MISHRAIndependent · joined Nov 2020 · reappointed Nov 2023 · 67 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 1 as chair
  • DIPANKAR CHATTERJIIndependent · joined Aug 2021 · reappointed Aug 2024 · 58 months as independent · 3 listed boards · 3 as independent · 7 committee seats, 3 as chair
  • SUBHRAKANT PANDAIndependent · joined Jan 2022 · reappointed Jan 2025 · 53 months as independent · 4 listed boards · 3 as independent · 1 committee seat
  • RITA MENONIndependent · joined Jun 2023 · reappointed Jun 2026 · 36 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • AKSHAY PODDARNon-executive · joined Nov 2025 · 6 listed boards · 2 committee seats, 1 as chair
  • RUCHIRA KAMBOJIndependent · joined Nov 2025 · reappointed Nov 2025 · 7 months as independent · 2 listed boards · 2 as independent
  • MARCO PHILIPPUS ARDESHIR WADIAIndependent · joined Mar 2026 · reappointed Mar 2026 · 3 months as independent · 2 listed boards · 2 as independent
  • RAJEEV KURUMTHATTIL KUTTIYATTU HOUSEExecutive · joined Apr 2026 · 1 listed board

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

    • 11 May 20269 of 11 present5 independent · 53 days in between
    • 18 Mar 20269 of 10 present5 independent · 43 days in between
    • 2 Feb 202610 of 10 present5 independent

  • Audit Committee

    Chair DIPANKAR CHATTERJI

    KARIM LOTFI SENHADJI, SATYANANDA MISHRA, RITA MENON

    • 11 May 20263 of 4 present3 independent · 5 days in between
    • 5 May 20263 of 4 present3 independent · 35 days in between
    • 30 Mar 20264 of 4 present3 independent · 55 days in between
    • 2 Feb 20263 of 4 present3 independent

  • Nomination and remuneration committee

    Chair SATYANANDA MISHRA

    SOUAL MOHAMED, RITA MENON

    • 11 May 20263 of 3 present2 independent · 97 days in between
    • 2 Feb 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair SATYANANDA MISHRA

    NARAYANAN SURESH KRISHNAN, RITA MENON

    No meeting listed in the filing.

  • Risk Management Committee

    Chair DIPANKAR CHATTERJI

    NARAYANAN SURESH KRISHNAN, KARIM LOTFI SENHADJI, RAJEEV KURUMTHATTIL KUTTIYATTU HOUSE

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair RITA MENON

    NARAYANAN SURESH KRISHNAN, KARIM LOTFI SENHADJI

    • 11 May 20262 of 3 present1 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.

  • B S R & Co LLPPeer-review certificate valid to Jul 2028
1 earlier auditor
  • B S R And+D16 Co LLPNamed in the filing for the quarter to Mar 2025

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

Paradeep Phosphates 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.Paradeep Phosphates dividend history

Annual general meeting, 17 Sep 2026

3,43,956 shareholders on the register on 10 Sep 2026; present: 6 promoters and 109 others; votes counted by Shivaram Bhat / Shivaram Bhat.The company's voting result (opens in a new tab)

  1. Adoption of Standalone Audited Financial Statements for the year ended March 31, 2026, together with the Reports of the Directors and Auditors thereon and the Consolidated Audited Financial Statements for the year ended March 31, 2026, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.37%

    Turnout: all 81.99% · promoters 100.00% · institutions 96.37% · other public 0.85%

  2. Declaration of Dividend for the Financial Year 2025-26
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.57%

    Turnout: all 82.03% · promoters 100.00% · institutions 96.54% · other public 0.85%

  3. Re-appointment of Mr. Saroj Kumar Poddar (DIN: 00008654), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    97.14% for2.86% against

    Against: promoters 0.00% · institutions 9.74% · other public 0.83%

    Turnout: all 82.03% · promoters 100.00% · institutions 96.54% · other public 0.85%

  4. Continuation of Mr. Saroj Kumar Poddar (DIN: 00008654) as a Non-Executive, Non-Independent Director and Chairman of the Company
    Special
    97.18% for2.82% against

    Against: promoters 0.00% · institutions 9.64% · other public 0.83%

    Turnout: all 82.03% · promoters 100.00% · institutions 96.54% · other public 0.85%

  5. Ratification of payment of Remuneration to Cost Auditor for the Financial Year 2026-2027.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.40%

    Turnout: all 82.03% · promoters 100.00% · institutions 96.54% · other public 0.85%

  6. Approval of Material Related Party Transaction(s) with related parties.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.38%

    Turnout: all 24.18% · promoters 0.00% · institutions 96.54% · other public 0.85%

  7. Payment of remuneration to Directors other than Executive Directors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.32%

    Turnout: all 82.03% · promoters 100.00% · institutions 96.54% · other public 0.85%

  8. Approval of ‘Paradeep Phosphates Limited Performance Stock Option Plan 2026’
    Special
    81.16% for18.84% against

    Against: promoters 0.00% · institutions 64.30% · other public 0.96%

    Turnout: all 82.03% · promoters 100.00% · institutions 96.54% · other public 0.85%

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

Postal ballot, 24 Jun 2026, 1 resolution

3,47,396 shareholders on the register on 15 May 2026; votes counted by Shivaram Bhat / Shivaram Bhat.The company's voting result (opens in a new tab)

  1. Re-appointment of Mrs. Rita Menon (DIN: 00064714) as a Non-Executive Independent Director of the Company and continuation of Directorship after attaining the age of 75 years
    Special
    84.21% for15.79% against

    Against: promoters 0.00% · institutions 56.75% · other public 22.15%

    Turnout: all 80.15% · promoters 100.00% · institutions 95.27% · other public 0.29%

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, 26 Apr 2026, 3 resolutions

3,42,887 shareholders on the register on 20 Mar 2026; votes counted by Shivaram Bhat / Shivaram Bhat.The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. N Suresh Krishnan (DIN: 00021965) as Managing Director of the Company and payment of remuneration
    Special
    98.00% for2.00% against

    Against: promoters 0.00% · institutions 7.36% · other public 21.05%

    Turnout: all 78.96% · promoters 99.56% · institutions 89.42% · other public 0.23%

  2. Appointment of Mr. K K Rajeev Nambiar (DIN: 07313541) as Joint Managing Director of the Company and payment of remuneration
    Special
    91.11% for8.89% against

    Against: promoters 0.00% · institutions 32.82% · other public 20.74%

    Turnout: all 78.96% · promoters 99.56% · institutions 89.42% · other public 0.23%

  3. Appointment of Mr. Marco Philippus Ardeshir Wadia (DIN: 00244357) as a Non-Executive Independent Director of the Company and continuation of directorship after attaining the age of 75 years
    Special
    85.29% for14.71% against

    Against: promoters 0.00% · institutions 54.31% · other public 23.71%

    Turnout: all 78.96% · promoters 99.56% · institutions 89.42% · other public 0.23%

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, 2 Feb 2026, 5 resolutions

3,49,001 shareholders on the register on 31 Dec 2025; votes counted by Shivaram Bhat / Shivaram Bhat.The company's voting result (opens in a new tab)

  1. Increase in Borrowing Limit and creation of mortgage / charge on the movable and immovable properties of the Company both present and future, in respect of borrowings
    Special
    99.52% for0.48% against

    Against: promoters 0.00% · institutions 1.74% · other public 10.79%

    Turnout: all 79.60% · promoters 100.00% · institutions 88.23% · other public 0.26%

  2. Ratification of payment of remuneration to Cost Auditor
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.73%

    Turnout: all 79.60% · promoters 100.00% · institutions 88.23% · other public 0.26%

  3. Appointment of Mr. Akshay Poddar (DIN: 00008686) as a Non-Executive Director of the Company
    OrdinaryPromoters have an interest in it
    97.74% for2.26% against

    Against: promoters 0.00% · institutions 8.19% · other public 6.42%

    Turnout: all 79.26% · promoters 99.40% · institutions 88.23% · other public 0.25%

  4. Appointment of Mrs. Ruchira Kamboj (DIN: 11068450) as a Non-Executive Independent Director of the Company
    Special
    99.64% for0.36% against

    Against: promoters 0.00% · institutions 1.29% · other public 6.34%

    Turnout: all 79.60% · promoters 100.00% · institutions 88.23% · other public 0.25%

  5. Alteration of object clause and adoption of amended Memorandum of Association
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.89%

    Turnout: all 79.60% · promoters 100.00% · institutions 88.23% · other public 0.26%

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, 12 Sep 2025, 6 resolutions

2,81,495 shareholders on the register on 5 Sep 2025; present: 1 promoter and 112 others; votes counted by Shivaram Bhat / Shivaram Bhat.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt (a) The Standalone Audited Financial Statements of the Company for the financial year ended 31st March, 2025 and the Reports of the Board of Directors and Auditors thereon. (b) The Consolidated Audited Financial Statements of the Comapny for the financial year ended 31st March, 2025 and the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.38% · promoters 100.00% · institutions 83.64% · other public 1.06%

  2. To declare dividend on equity shares for the financial year 2024-25
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.34%

    Turnout: all 82.54% · promoters 100.00% · institutions 84.16% · other public 1.06%

  3. Re-appointment of Mr. Karim Lotfi Senhadji (DIN: 09311876) who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    70.20% for29.80% against

    Against: promoters 0.00% · institutions 93.11% · other public 2.07%

    Turnout: all 82.52% · promoters 100.00% · institutions 84.09% · other public 1.05%

  4. Ratification of Remuneration to Cost Auditor
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.40%

    Turnout: all 82.52% · promoters 100.00% · institutions 84.09% · other public 1.06%

  5. Approval of Material Related Party Transaction(s) with related parties
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 26.54% · promoters 0.00% · institutions 84.09% · other public 1.06%

  6. Appointment of Secretarial Auditor of the Company
    Ordinary
    99.78% for0.22% against

    Against: promoters 0.00% · institutions 0.69% · other public 0.54%

    Turnout: all 82.53% · promoters 100.00% · institutions 84.14% · other public 1.06%

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.

Meeting called by the tribunal, 2 Jun 2025, 1 resolution

2,22,625 shareholders on the register on 26 May 2025; present: 1 promoter and 129 others; votes counted by Bishwajyoti Pattnaik / SPP Associates.The company's voting result (opens in a new tab)

  1. Approval of Composite Scheme of Arrangement amongst Paradeep Phosphates Limited (Transferee Company) and Mangalore Chemicals & Fertilizers Limited (Transferor Company) and their respective shareholders & creditors.MoreLess
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.42%

    Turnout: all 85.08% · promoters 100.00% · institutions 88.11% · other public 0.84%

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, 16 Apr 2025, 1 resolution

2,33,342 shareholders on the register on 7 Mar 2025; votes counted by Shivaram Bhat / Shivaram Bhat.The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Subhrakant Panda (DIN: 00171845) as a Non-executive Independent Director of the Company
    Special
    98.82% for1.18% against

    Against: promoters 0.00% · institutions 3.65% · other public 6.82%

    Turnout: all 82.74% · promoters 100.00% · institutions 85.43% · other public 0.35%

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 Sep 2024, 5 resolutions

Present: 1 promoter and 66 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt (a) The Audited Financial Statements of the Company for the financial year ended 31st March, 2024 and the Reports of the Board of Directors and Auditors thereon. (b) The Audited Consolidated Financial Statements of the Comapny for the financial year ended 31st March, 2024 and the Report of the Auditors thereon.MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 34.04%

    Turnout: all 84.09% · promoters 100.00% · institutions 95.86% · other public 0.54%

  2. To declare final dividend on equity shares for the financial year 2023-24
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.20%

    Turnout: all 84.09% · promoters 100.00% · institutions 95.86% · other public 0.54%

  3. Re-appointment of Mr. Soual Mohamed (DIN: 08684762),) who retires by rotation and being eligible, offres himself for re-appointment.
    Ordinary
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 0.31% · other public 40.91%

    Turnout: all 84.09% · promoters 100.00% · institutions 95.86% · other public 0.54%

  4. Ratification of Remuneration to Cost Auditor
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 34.62%

    Turnout: all 84.09% · promoters 100.00% · institutions 95.86% · other public 0.54%

  5. Approval of Material Related Party Transaction(s) with related parties
    OrdinaryPromoters have an interest in it
    99.57% for0.43% against

    Against: promoters 0.00% · institutions 0.33% · other public 34.00%

    Turnout: all 28.00% · promoters 0.00% · institutions 95.86% · other public 0.54%

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.

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 17 Sep 2026, 10 fund houses 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.

  • Adoption of Standalone Audited Financial Statements for the year ended March 31, 2026, together with the Reports of the Directors and Auditors thereon and the Consolidated Audited Financial Statements for the year ended March 31, 2026, together with the Report of the Auditors thereon.MoreLess
    10 for0 against
  • Declaration of Dividend for the Financial Year 2025-26
    7 for0 against
  • Re-appointment of Mr. Saroj Kumar Poddar (DIN: 00008654), who retires by rotation and being eligible, offers himself for re-appointment.
    10 for0 against
  • Continuation of Mr. Saroj Kumar Poddar (DIN: 00008654) as a Non-Executive, Non-Independent Director and Chairman of the Company
    10 for0 against
  • Ratification of payment of Remuneration to Cost Auditor for the Financial Year 2026-2027.
    7 for0 against
  • Approval of Material Related Party Transaction(s) with related parties.
    10 for0 against
  • Payment of remuneration to Directors other than Executive Directors
    7 for0 against
  • Approval of ‘Paradeep Phosphates Limited Performance Stock Option Plan 2026’
    Against Angel One Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, ICICI Prudential Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund, Tata Mutual Fund
    • Angel One Mutual FundInadequate disclosures on the Exercise Price / Pricing Formula and Vesting Period. Governance Concern: Acceleration provision under vesting period and committee discretion on exercise period.
    • DSP Mutual Fund, Jio BlackRock Mutual FundThe options to be granted under PSOP 2026 proposes via fresh shares is split into Part A (high-impact and board-level employees) and Part B (board-level employees only), with an exercise price at face value or committee discretion, vesting period of one to three years, and a two-year exercise window. We do not favour ESOP schemes where options are granted at a significant discount (>20%) to the market price, as stock options are ‘pay-at-risk’ instruments that employees accept at the time of grant. In the case of deeply discounted options, we expect vesting to be mandatorily linked to performance parameters – that are clearly disclosed, ensuring alignment between the interests of investors and those of employees. We note that the vesting of PSOP 2026 options is linked to pre-determined performance criteria with Part A, vesting based on individual as well as company performance measured against EBIDTA, ROCE, EPS and OCF, against which weightages have been assigned, with final vesting proportional to the overall achievement percentage — no options vest below 85% achievement, 65% vest at 85%, rising on a straight line to 100%. The performance targets have not been disclosed and no commitment for a subsequent disclosure has been given. For Part B, the performance target is a share-price based relevant metric and is not in relative performance to peers or an index. Additionally, the committee retains discretion to modify the performance targets and weightages for both parts. We do not support the resolution.
    • Edelweiss Mutual Fund, Navi Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations, 2021: Inadequate disclosures on the Exercise Price / Pricing Formula and Vesting Period. Governance Concern: Acceleration provision under vesting period and committee discretion on exercise period.
    • ICICI Prudential Mutual FundThe scheme states the exercise price shall be the face value of the equity shares "or as may be decided by the Committee, which in any case will not be lower than the face value of the equity Shares of the Company on the date of such grant. Further the Exercise Price can be different for different set of employees for Options granted on same / different dates. Discount on exercise price is allowed but either specific defined (with weightages) pricing formula or the exercise price must be mentioned. Under the scheme, the AMC believes that there is a lack of adequate disclosures on amendments proposed and has voted against the resolution.
    • Tata Mutual FundWe do not support ESOP granted at Face Value or dee p discount to CMP. In absence of company clarifying the discount we are unable to support the resolution at this point of time.
    3 for7 against
6 proposals not matched to one resolution
  • 2) Declare final dividend Rs. 1.5 per equity share (face value of Rs. 10.0) for FY26
    1 for0 against
  • 5) Ratify remuneration of Rs. 500,000 payable to S. S. Sonthalia & Co., as cost auditor for FY27
    1 for0 against
  • 7) Approve payment of remuneration to Non-Executive Directors up to 1% of net profits, and capped at Rs. 1.0 mn per director for three years from FY26
    1 for0 against
  • Approve payment of remuneration to Non-Executive Directors up to 1% of net profits, and capped at Rs. 1.0 mn per director for three years from FY26
    2 for0 against
  • Declare final dividend Rs. 1.5 per equity share (face value of Rs. 10.0) for FY26
    2 for0 against
  • Ratify remuneration of Rs. 500,000 payable to S. S. Sonthalia & Co., as cost auditor for FY27
    2 for0 against

Mutual fund votes, meeting of 24 Jun 2026, 20 fund houses

  • Re-appointment of Mrs. Rita Menon (DIN: 00064714) as a Non-Executive Independent Director of the Company and continuation of Directorship after attaining the age of 75 years
    Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, HSBC Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, Zerodha Mutual Fund
    • Angel One Mutual FundGovernance concern: Proposed tenure of re-appointment will lead to Prolonged association at the group level.
    • Axis Mutual Fund, Jio BlackRock Mutual FundMs. Rita Menon, 74, is a retired IAS officer of the 1975 batch. She attended six of six (100%) board meetings in FY25 and seven board meetings in FY26. However. we note that Ms. Rita Menon has served on the board of Mangalore Chemicals and Fertilizers Limited since July 2017. Since her association with the group will exceed ten years during her proposed tenure, we do not consider her to be an Independent Director. We do not support the resolution.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with Law. No concern identified on the merits and profile of the proposed appointee. Governance concern: Proposed tenure of re-appointment will lead to Prolonged association at the group level.
    • HDFC Mutual FundMs. Rita Menon, 74, is a retired IAS officer of the 1975 batch. She attended six of six (100%) board meetings in FY25 and seven board meetings in FY26. However. we note that Ms. Rita Menon has served on the board of Mangalore Chemicals and Fertilizers Limited since July 2017. Given her long association with the group, we do not consider her to be an Independent Director. We do not support the resolution.
    • HSBC Mutual FundWe are voting against this Nomination Committee member as the level of board independence falls below our expectation.
    • Invesco Mutual FundMs. Rita Menon, 74, is a retired IAS officer of the 1975 batch. She attended six of six (100%) board meetings in FY25 and seven board meetings in FY26. However. we note that Ms. Rita Menon has served on the board of Mangalore Chemicals and Fertilizers Limited since July 2017. Since her association with the group will exceed ten years during her proposed tenure, we do not consider her to be an Independent Director. We do not support the resolution
    • Mirae Asset Mutual FundAs per advisory recommendation (passive holding)
    • Motilal Oswal Mutual FundProposed term of appointment will lead to Prolonged association at Group Level
    • Nippon India Mutual FundGovernance Concern: Proposed tenure of re-appointment will lead to Prolonged association at the group level.
    6 for14 against
6 earlier meetings

Mutual fund votes, meeting of 26 Apr 2026, 14 fund houses

  • Re-appointment of Mr. N Suresh Krishnan (DIN: 00021965) as Managing Director of the Company and payment of remuneration
    14 for0 against
  • Appointment of Mr. K K Rajeev Nambiar (DIN: 07313541) as Joint Managing Director of the Company and payment of remuneration
    Against HSBC Mutual Fund
    • HSBC Mutual FundThe company has not mentioned any relative or absolute cap on the performance linked variable pay element. It is not clear if any future grant of stock options will be made to the executive. The company has not disclosed the performance parameters, threshold and target performance that needs to be achieved to determine the payout under variable pay or vesting of stock options, if granted. The company has not provided the breakup of past remuneration into fixed and variable components, in the capacity of President and COO of the company. If this proposal is approved, the executive will be paid remuneration even in the event of loss or inadequate profits of the company. The resolution entails giving discretion to the board to revise the executive's fixed pay by up to c.50 percent annually.
    13 for1 against
  • Appointment of Mr. Marco Philippus Ardeshir Wadia (DIN: 00244357) as a Non-Executive Independent Director of the Company and continuation of directorship after attaining the age of 75 years
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, HSBC Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual FundGovernance concern: Prolonged association with the group.
    • Bandhan Mutual Fund, Groww Mutual FundCompliant with law. No concern identified on the merits of the proposed appointee. Governance concern: Prolonged association with the group.
    • HDFC Mutual FundMarco Philippus Ardeshir Wadia, 70, is a practicing advocate since 1986. He is currently a Partner at Crawford Bayley & Co and has over three decades of experience in the legal profession, with specialization in joint ventures, contracts, mergers and acquisitions. He has served as a director on various promoter group companies since May 1993. We consider him non-independent on account of his long association with the group. We do not support the resolution.
    • HSBC Mutual FundWe are voting against this new non-independent non-executive director as the level of board independence falls below our expectation.
    • Jio BlackRock Mutual FundMarco Philippus Ardeshir Wadia, 70, is a practicing advocate since 1986. He is currently a Partner at Crawford Bayley & Co and has over three decades of experience in the legal profession, with specialization in joint ventures, contracts, mergers and acquisitions. He has served as a director on various promoter group companies since May 1993. We consider him non-independent on account of his extended association of over 32 years with the group. We do not support the resolution.
    • Mirae Asset Mutual FundAs per advisory recommendation (passive holding)
    • Motilal Oswal Mutual FundProlonged association with the group.
    • Nippon India Mutual FundGovernance Concern: Prolonged association with the group.
    5 for9 against

Mutual fund votes, meeting of 2 Feb 2026, 14 fund houses

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

  • Increase in Borrowing Limit and creation of mortgage / charge on the movable and immovable properties of the Company both present and future, in respect of borrowings
    3 for0 against
  • Ratification of payment of remuneration to Cost Auditor
    14 for0 against
  • Appointment of Mr. Akshay Poddar (DIN: 00008686) as a Non-Executive Director of the Company
    14 for0 against
  • Appointment of Mrs. Ruchira Kamboj (DIN: 11068450) as a Non-Executive Independent Director of the Company
    14 for0 against
  • Alteration of object clause and adoption of amended Memorandum of Association
    14 for0 against
1 proposal not matched to one resolution
  • To borrow, from time to time such sum(s) of money in any manner including in the form of inter corporate deposit, debentures, loans- short term or long term, line of credits/ overdrafts, etc. from time to time at its discretion, for the purpose of the business of the company, either in Rupee Currency and/or in Foreign Currency, including Foreign Currency Convertible Bonds etc. up to Rs. 20,000 crore (including Public Deposits but excluding temporary loans obtained from the Company’s bankers in the ordinary course of business) from banks, financial institutions and other sources from time to time, as the Board may in its absolute discretion deem fit for the purpose of financing the working capital requirements and also for acquisition of capital assets and / or for the purpose of any other requirements of the Company, both for capital and revenue in nature, notwithstanding that the monies to be borrowed together with the monies already borrowed by the Company (apart from temporary loans obtained from the Company’s bankers in the ordinary course of business), will exceed the aggregate of the paid-up capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purposes.MoreLess
    11 for0 against

Mutual fund votes, meeting of 12 Sep 2025, 13 fund houses

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

  • To receive, consider and adopt (a) The Standalone Audited Financial Statements of the Company for the financial year ended 31st March, 2025 and the Reports of the Board of Directors and Auditors thereon. (b) The Consolidated Audited Financial Statements of the Comapny for the financial year ended 31st March, 2025 and the Report of the Auditors thereon.MoreLess
    12 for0 against
  • To declare dividend on equity shares for the financial year 2024-25
    13 for0 against
  • Re-appointment of Mr. Karim Lotfi Senhadji (DIN: 09311876) who retires by rotation and being eligible, offers himself for re-appointment.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, HSBC Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund
    • Angel One Mutual Fund, Nippon India Mutual FundGovernance Concern: Low attendance at Board meetings & Audit Committee meetings and no justification for leave of absence.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No issue identified on merit & profile of proposed appointee. Governance Concern: Low attendance at Board meetings & Audit Committee meetings and no justification for leave of absence.
    • HDFC Mutual FundMr. Karim Lotfi Senhadji, 54, is the Chief Financial Officer of OCP SA. His board meeting attendance is poor in the last 3 years. We do not support the resolution.
    • HSBC Mutual FundA vote AGAINST the nominee is warranted because:• The nominee has failed to attend at least 75 percent of board and committee meetings in the mostrecent fiscal year, without a satisfactory explanation.
    • Mirae Asset Mutual FundAs per advisory recommendation (passive holding)
    • SBI Mutual FundKarim Lotfi Senhadji, 54, is the Chief Financial Officer of OCP SA (one of the JV partners of the promoter entity). He has been on the board of the company since January 2022. He retires by rotation, and his reappointment is in line with statutory requirements. However, he attended 33% (two out of six) board meetings held in FY25 and 33% (seven out of twenty-one) board meetings over last three years. We expect directors to attend all board meetings and have a threshold of 75% attendance over a three-year period. Thus, we are unable to support the resolution.
    4 for9 against
  • Ratification of Remuneration to Cost Auditor
    13 for0 against
  • Approval of Material Related Party Transaction(s) with related parties
    13 for0 against
  • Appointment of Secretarial Auditor of the Company
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundProposed audit fee payable to Secretarial Auditors not disclosed in the Notice.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo issues on merit of the proposed Secretarial Auditors. Non-Compliant with Regulation 36(5) of SEBI LODR, 2015: Proposed audit fee payable to Secretarial Auditors not disclosed in the Notice.
    9 for4 against
1 proposal not matched to one resolution
  • Accept Financial Statements and Statutory Reports
    1 for0 against

Mutual fund votes, meeting of 2 Jun 2025, 15 fund houses

  • Approval of Composite Scheme of Arrangement amongst Paradeep Phosphates Limited (Transferee Company) and Mangalore Chemicals & Fertilizers Limited (Transferor Company) and their respective shareholders & creditors.MoreLess
    15 for0 against

Mutual fund votes, meeting of 16 Apr 2025, 14 fund houses

  • Re-appointment of Mr. Subhrakant Panda (DIN: 00171845) as a Non-executive Independent Director of the Company
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern : Prior approval of shareholders is not obtained for re-appointment as an Independent Director.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern identified on the merit of proposed appointee. Re-appointment not in accordance with Companies Act, 2013: Prior approval of shareholders is not obtained for re-appointment as an ID.
    10 for4 against

Mutual fund votes, meeting of 25 Sep 2024, 11 fund houses

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

  • To receive, consider and adopt (a) The Audited Financial Statements of the Company for the financial year ended 31st March, 2024 and the Reports of the Board of Directors and Auditors thereon. (b) The Audited Consolidated Financial Statements of the Comapny for the financial year ended 31st March, 2024 and the Report of the Auditors thereon.MoreLess
    10 for0 against
  • To declare final dividend on equity shares for the financial year 2023-24
    11 for0 against
  • Re-appointment of Mr. Soual Mohamed (DIN: 08684762),) who retires by rotation and being eligible, offres himself for re-appointment.
    11 for0 against
  • Ratification of Remuneration to Cost Auditor
    11 for0 against
  • Approval of Material Related Party Transaction(s) with related parties
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance Concern: Basis of Arm’s Length pricing is not disclosed.
    9 for2 against
1 proposal not matched to one resolution
  • Accept Financial Statements and Statutory Reports
    1 for0 against

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

Fines and tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyAir cargo Complex,MumbaiSince 14 Apr 2026

    Fine of Rs. 10,000 as per customs Notification 36/2018

    Filing of Bill of entry delayed due to non-availability of documents
  • Fine or penaltyCUSTOMS MANGALORESince 27 May 2026

    Fine of Rs. 1,000 (Amendment charges section 149 of custom act

    Amendment of BE for changes in currency as per request from supplier
  • Tax disputeCommissioner of Commercial Tax and GSTSince 1 Apr 2007
    Pursuant to rejection of appeal by NCLAT, company filed appeal before the Hon’ble Supreme Court. The matter was last heard before Supreme Court on 19.06.2026, where the Hon’ble Court issued notice to the opposite parties. Further the Court Ordered to deposit 25% of the demand for the impugned period and subject to which there shall be no coercive action by Dept. The company shall deposit the amount by 30 July 2026 and pursue the case before the Supreme Court.MoreLess
    At the filing before: As per BIFR Sanctioned Scheme, the company was exempted from payment of Entry tax on imported raw materials from April 2007 to March 2014. Since State Govt. did not allow the relief, the dispute is going on. Presently the matter is pending before NCLAT, New Delhi.MoreLess
  • Tax disputeAsst. Commissioner of Income Tax Circle-1(1) BhubaneswarSince 28 Feb 2025
    The AO vide Order dated 20.05.2026 quashed the demand and granted refund of Rs 2057 lac for the AY 2020-21. The company got the refund on 07.07.2026.
    At the filing before: The IT Authority vide assessment order dated February 28, 2025 has raised additional tax demand of Rs 2060.76 lakhs under section 154 of the Income-tax Act, 1961, on account of higher adjustment of carry forward loss and MAT credit for the earlier years. The Company is taking appropriate steps to file appeal against the said order before the Appellate Authority.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
Yes
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.