Patel Engineering logo

Patel Engineering MD, chairman, board of directors and AGM

NSE: PATELENGBSE: 531120ConstructionSmall Cap

Last close ₹22.39down ₹0.76 (3.28%)BSE ₹22.36

Share price at the NSE close on 23 Oct 2026. Previous close ₹23.15.

52-week range of traded prices to 23 Oct 2026
₹22.00Low, 30 Mar 2026₹38.75High, 27 Nov 2025
Market cap
₹2,221 Cr1,016th largest listed
P/E
Owners' profit not stated
P/B
0.5
Dividend yield
Nonein the last 12 months
ROCE
10.5%
Debt to equity
0.27
Volume, NSE
38,26,96745.4% delivered

Patel Engineering 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

  • ChairpersonJanky Rupen PatelRelated to the promoter
  • Managing directorKavita Sanjiv Shirvaikar
  • Company Secretary and Compliance OfficerShobha Shetty

8 directors4 independent3 executive1 non-executive

  • Janky Rupen Patel · ChairpersonNon-executive · joined Jul 2024 · 1 listed board
  • Kavita Sanjiv Shirvaikar · Managing directorExecutive · joined Apr 2017 · reappointed Aug 2024 · 1 listed board · 3 committee seats
  • Kishan Lal DagaExecutive · joined Jun 2024 · 1 listed board
  • R V R KishoreExecutive · joined Sep 2025 · 1 listed board
  • Jana ChatraIndependent · joined Apr 2026 · reappointed Apr 2026 · 2 months as independent · 1 listed board · 1 as independent · 4 committee seats, 1 as chair
  • Shambhu SinghIndependent · joined Mar 2023 · reappointed Mar 2024 · 39 months as independent · 2 listed boards · 2 as independent · 1 committee seat, 1 as chair
  • Sudha Pravin NavandarIndependent · joined Mar 2026 · reappointed Mar 2026 · 3 months as independent · 5 listed boards · 6 as independent · 8 committee seats, 4 as chair
  • Emandi Sankara RaoIndependent · joined Aug 2024 · reappointed Aug 2024 · 22 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 1 as chair

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

3 directors who left
  • Ashwin Ramanlal Parmar, left 19 Apr 2026: Tenure Completion
  • SUNANDA RAJENDRAN, left 23 Mar 2026: Tenure Completion
  • DIMITRIUS JOHN D'MELLO, left 31 May 2025: Others

Committees and meetings

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

  • Board

    • 14 May 20267 of 8 present4 independent · 88 days in between
    • 14 Feb 20268 of 8 present4 independent

  • Audit Committee

    Chair JANA CHATRA

    KAVITA SANJIV SHIRVAIKAR, SUDHA PRAVIN NAVANDAR

    • 14 May 20263 of 3 present2 independent · 88 days in between
    • 14 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair SUDHA PRAVIN NAVANDAR

    JANKY RUPEN PATEL, JANA CHATRA

    • 14 May 20263 of 3 present2 independent · 88 days in between
    • 14 Feb 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair EMANDI SANKARA RAO

    KAVITA SANJIV SHIRVAIKAR, JANA CHATRA

    • 14 May 20263 of 3 present2 independent

  • Risk Management Committee

    Chair KAVITA SANJIV SHIRVAIKAR

    JANA CHATRA, RAHUL AGARWAL

    • 30 Jun 20262 of 2 present1 independent

  • Corporate Social Responsibility Committee

    Chair JANA CHATRA

    KAVITA SANJIV SHIRVAIKAR, JANKY RUPEN PATEL

    • 14 May 20263 of 3 present1 independent · 88 days in between
    • 14 Feb 20263 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.

  • Vatsaraj & CoPeer-review certificate valid to Jan 2027
1 earlier auditor
  • Vatsaraj and CoNamed 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.

Patel Engineering 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.Patel Engineering dividend history

Annual general meeting, 18 Sep 2026

4,63,604 shareholders on the register on 11 Sep 2026; present: 3 promoters and 69 others; votes counted by VAIBHAV DANDAWATE / MAKARAND M. JOSHI & CO.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2026, together with the Reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.56%

    Turnout: all 34.83% · promoters 100.00% · institutions 42.16% · other public 0.66%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2026, together with the Report of the Auditors thereon
    Ordinary
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.52%

    Turnout: all 34.84% · promoters 100.00% · institutions 42.16% · other public 0.67%

  3. To appoint a director in place of Ms. Kavita Shirvaikar (DIN: 07737376), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, seeks re-appointment.
    Ordinary
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 0.28% · other public 11.63%

    Turnout: all 34.85% · promoters 100.00% · institutions 42.44% · other public 0.67%

  4. Ratification of Cost Auditor's Remuneration for FY 2025-26
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.00% · other public 11.34%

    Turnout: all 34.86% · promoters 100.00% · institutions 42.44% · other public 0.67%

  5. Payment of Remuneration by way of Commission to Ms. Janky Patel (DIN: 00032464), Non-Executive Director.
    Special
    96.62% for3.38% against

    Against: promoters 0.00% · institutions 37.49% · other public 16.23%

    Turnout: all 34.86% · promoters 100.00% · institutions 42.44% · other public 0.67%

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.

Postal ballot, 20 May 2026, 2 resolutions

4,73,473 shareholders on the register on 17 Apr 2026; votes counted by VAIBHAV DANDAWATE / MAKARAND M JOSHI & Co..The company's voting result (opens in a new tab)

  1. Appointment of Ms. Sudha Navandar (DIN: 02804964) as an Independent Director.
    Special
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 1.39% · other public 2.29%

    Turnout: all 34.18% · promoters 100.00% · institutions 23.43% · other public 0.95%

  2. Appointment of Ms. Jana Chatra (DIN: 07149281) as an Independent Director
    Special
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 1.01% · other public 2.26%

    Turnout: all 34.18% · promoters 100.00% · institutions 23.43% · other public 0.95%

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

Postal ballot, 18 Dec 2025, 2 resolutions

4,48,245 shareholders on the register on 14 Nov 2025; votes counted by VAIBHAV DANDAWATE / MAKARAND M JOSHI & Co..The company's voting result (opens in a new tab)

  1. Appointment of Mr. R V R Kishore (DIN: 07402969) as the Whole Time Director
    Special
    99.40% for0.60% against

    Against: promoters 0.00% · institutions 13.76% · other public 5.39%

    Turnout: all 37.81% · promoters 99.51% · institutions 20.44% · other public 0.63%

  2. Enhancement of Remuneration limit of Ms. Kavita Shirvaikar, Managing Director (DIN: 07737376)
    Special
    99.35% for0.65% against

    Against: promoters 0.00% · institutions 13.76% · other public 9.80%

    Turnout: all 37.81% · promoters 99.51% · institutions 20.44% · other public 0.63%

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, 5 resolutions

4,54,142 shareholders on the register on 5 Sep 2025; present: 3 promoters and 77 others; votes counted by VAIBHAV DANDAWATE / MAKARAND M. JOSHI & CO.The company's voting result (opens in a new tab)

  1. To consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the reports of the Board and the Auditors thereon; and b.the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the report of the Auditors thereon.MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.55% · other public 0.27%

    Turnout: all 37.94% · promoters 99.51% · institutions 23.64% · other public 0.52%

  2. To appoint Mr. Kishan Lal Daga (DIN: 00083103) as a Director who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.13%

    Turnout: all 37.95% · promoters 99.51% · institutions 23.83% · other public 0.52%

  3. Payment of remuneration by way of commission to Ms. Janky Patel (DIN: 00032464), Non-Executive Director
    SpecialPromoters have an interest in it
    97.41% for2.59% against

    Against: promoters 0.00% · institutions 56.55% · other public 2.52%

    Turnout: all 37.95% · promoters 99.51% · institutions 23.83% · other public 0.52%

  4. Appointment of Secretarial Auditor
    Ordinary
    99.44% for0.56% against

    Against: promoters 0.00% · institutions 12.13% · other public 0.86%

    Turnout: all 37.95% · promoters 99.51% · institutions 23.83% · other public 0.52%

  5. Ratification of Cost Auditor’s Remuneration for FY 2024-25
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 37.95% · promoters 99.51% · institutions 23.83% · other public 0.52%

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, 13 Sep 2024, 10 resolutions

Present: 4 promoters and 82 others.The company's voting result (opens in a new tab)

  1. To consider and adopt:- na. the audited Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board and the Auditors thereon; andnb. the audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 35.65% · promoters 89.85% · institutions 37.19% · other public 0.74%

  2. To appoint Ms. Kavita Shirvaikar (DIN: 07737376) as a Director who retires by rotation and, being eligible, offers herself for re-appointment.
    Ordinary
    99.57% for0.43% against

    Against: promoters 0.00% · institutions 5.27% · other public 0.63%

    Turnout: all 35.71% · promoters 89.85% · institutions 37.95% · other public 0.74%

  3. Appointment of Ms. Janky Patel (DIN: 05009880) as Non-Executive Non-Independent Director, designated as Chairperson
    OrdinaryPromoters have an interest in it
    99.56% for0.44% against

    Against: promoters 0.00% · institutions 5.27% · other public 1.73%

    Turnout: all 35.71% · promoters 89.85% · institutions 37.95% · other public 0.74%

  4. Re-designation of Ms. Kavita Shirvaikar (DIN: 07737376) as Managing Director.
    Special
    99.47% for0.53% against

    Against: promoters 0.00% · institutions 6.51% · other public 0.67%

    Turnout: all 35.71% · promoters 89.85% · institutions 37.95% · other public 0.74%

  5. Appointment of Mr. Kishan Lal Daga (DIN: 00083103) as a Whole Time Director.
    Special
    99.15% for0.85% against

    Against: promoters 0.00% · institutions 10.65% · other public 0.64%

    Turnout: all 35.70% · promoters 89.85% · institutions 37.95% · other public 0.74%

  6. Appointment of Mr. Dimitrius D¿Mello (DIN: 00837714) as a Whole Time Director.
    Special
    99.49% for0.51% against

    Against: promoters 0.00% · institutions 6.41% · other public 0.45%

    Turnout: all 35.71% · promoters 89.85% · institutions 37.95% · other public 0.74%

  7. Appointment of Dr. Emandi Sankara Rao (DIN: 05184747) as an Independent Director.
    Special
    99.60% for0.40% against

    Against: promoters 0.00% · institutions 5.00% · other public 0.39%

    Turnout: all 35.71% · promoters 89.85% · institutions 37.95% · other public 0.74%

  8. Ratification of Cost Auditors Remuneration for FY 2023-24.
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 35.70% · promoters 89.85% · institutions 37.95% · other public 0.74%

  9. Approval of special rights to Promoters of the Company.
    SpecialPromoters have an interest in it
    93.82% for6.18% against

    Against: promoters 0.00% · institutions 77.23% · other public 2.88%

    Turnout: all 35.71% · promoters 89.85% · institutions 37.95% · other public 0.74%

  10. Alteration of Articles of Association of the Company.
    SpecialPromoters have an interest in it
    93.84% for6.16% against

    Against: promoters 0.00% · institutions 77.23% · other public 1.10%

    Turnout: all 35.71% · promoters 89.85% · institutions 37.95% · other public 0.74%

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

Extraordinary general meeting, 8 Mar 2024, 1 resolution

Present: 5 promoters and 37 others.The company's voting result (opens in a new tab)

  1. To consider and approve raising of funds through issuance of Equity Shares to Qualified Institutional Buyers
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 42.12% · promoters 99.95% · institutions 27.20% · other public 0.88%

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

Postal ballot, 3 Jan 2024, 2 resolutions

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

  1. Re-appointment of Mr. Shambhu Singh (DIN: 01219193) as an Independent Director for a second term.
    Special
    99.69% for0.31% against

    Against: promoters 0.00% · institutions 5.72% · other public 1.23%

    Turnout: all 43.54% · promoters 99.95% · institutions 23.00% · other public 4.29%

  2. Appointment of Mr. Tirth Nath Singh (DIN: 08760833) as a Whole Time Director
    Special
    99.67% for0.33% against

    Against: promoters 0.00% · institutions 5.72% · other public 1.61%

    Turnout: all 43.54% · promoters 99.95% · institutions 23.00% · other public 4.29%

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.

Annual general meeting, 8 Sep 2023, 4 resolutions

Present: 3 promoters and 75 others.The company's voting result (opens in a new tab)

  1. To consider and adopt :-na. the audited Financial Statements of the Company for the financial year ended March 31, 2023, together with the Report of the Board and the Auditors thereon; andnb. the audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.78%

    Turnout: all 41.37% · promoters 99.95% · institutions 15.30% · other public 0.81%

  2. To appoint Mr. Rupen Patel (DIN: 00029583) as a Director who retires by rotation and, being eligible, offers himself for reappointment.
    OrdinaryPromoters have an interest in it
    99.28% for0.72% against

    Against: promoters 0.00% · institutions 18.53% · other public 0.91%

    Turnout: all 41.39% · promoters 99.95% · institutions 15.51% · other public 0.81%

  3. Re-appointment of Mr. Rupen Patel as Managing Director.
    SpecialPromoters have an interest in it
    97.79% for2.21% against

    Against: promoters 0.00% · institutions 57.22% · other public 0.95%

    Turnout: all 41.39% · promoters 99.95% · institutions 15.51% · other public 0.81%

  4. Ratification of Cost Auditor’s Remuneration for FY 2022-2023
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.91%

    Turnout: all 41.39% · promoters 99.95% · institutions 15.51% · other public 0.81%

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.

How mutual funds voted

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

Mutual fund votes, meeting of 20 May 2026, 2 fund houses

  • Appointment of Ms. Sudha Navandar (DIN: 02804964) as an Independent Director.
    2 for0 against
  • Appointment of Ms. Jana Chatra (DIN: 07149281) as an Independent Director
    2 for0 against

Mutual fund votes, meeting of 18 Dec 2025, 7 fund houses

  • Appointment of Mr. R V R Kishore (DIN: 07402969) as the Whole Time Director
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundTransparency Concern: The Company has not disclosed if the Director’s office is liable to retirement by rotation or not; it may lead to a compliance concern under Section 152(6) due to inadequate disclosure.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merits and remuneration of proposed director. Transparency Concern: The Company has not disclosed if the Director’s office is liable to retirement by rotation or not; it may lead to a compliance concern under Section 152(6) due to inadequate disclosure.
    3 for4 against
  • Enhancement of Remuneration limit of Ms. Kavita Shirvaikar, Managing Director (DIN: 07737376)
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundNon-Compliance under Section 203 of the Companies Act, 2013: Director hold four Full-Time Positions/ role.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern identified on the merits and regarding the proposed remuneration. Non-Compliance under Section 203 of the Companies Act, 2013: Director hold four Full-Time Positions/ role.
    3 for4 against
2 earlier meetings

Mutual fund votes, meeting of 12 Sep 2025, 6 fund houses

  • To consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the reports of the Board and the Auditors thereon; and b.the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the report of the Auditors thereon.MoreLess
    6 for0 against
  • To appoint Mr. Kishan Lal Daga (DIN: 00083103) as a Director who retires by rotation and being eligible, offers himself for re-appointment.
    6 for0 against
  • Payment of remuneration by way of commission to Ms. Janky Patel (DIN: 00032464), Non-Executive Director
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance and transparency concern: Unfair remuneration practice with other Non-Executive Directors without any justification.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance and transparency concern: Unfair remuneration practice with other NEDs without any justification.
    2 for4 against
  • Appointment of Secretarial Auditor
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundCredentials of the proposed Secretarial Auditors not disclosed. Transparency Concern: Remuneration of outgoing auditor not disclosed; thus, material change, if any, with proposed audit fee cannot be ascertained.
    • 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: Credentials of the proposed Secretarial Auditors not disclosed. Transparency Concern: Remuneration of outgoing auditor not disclosed; thus, material change, if any, with proposed audit fee cannot be ascertained.
    2 for4 against
  • Ratification of Cost Auditor’s Remuneration for FY 2024-25
    6 for0 against

Mutual fund votes, meeting of 13 Sep 2024, 4 fund houses

  • To consider and adopt:- na. the audited Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board and the Auditors thereon; andnb. the audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Report of the Auditors thereon.MoreLess
    4 for0 against
  • To appoint Ms. Kavita Shirvaikar (DIN: 07737376) as a Director who retires by rotation and, being eligible, offers herself for re-appointment.
    4 for0 against
  • Appointment of Ms. Janky Patel (DIN: 05009880) as Non-Executive Non-Independent Director, designated as Chairperson
    4 for0 against
  • Re-designation of Ms. Kavita Shirvaikar (DIN: 07737376) as Managing Director.
    4 for0 against
  • Appointment of Mr. Kishan Lal Daga (DIN: 00083103) as a Whole Time Director.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on merit of proposed appointee. Non-Compliant with Companies Act: Prior shareholders’ approval not obtained for appointment of WTD who has already attained the age of 70 years.
    1 for3 against
  • Appointment of Mr. Dimitrius D¿Mello (DIN: 00837714) as a Whole Time Director.
    4 for0 against
  • Appointment of Dr. Emandi Sankara Rao (DIN: 05184747) as an Independent Director.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on the merit of proposed appointee. Non-Compliant with SEBI LODR & Companies Act, 2013: Terms and Conditions of appointment of proposed IDs not disclosed on the website of the Company. Governance Concern: Director on the Board of a Competitor Company.
    1 for3 against
  • Ratification of Cost Auditors Remuneration for FY 2023-24.
    4 for0 against
  • Approval of special rights to Promoters of the Company.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance Concern: Nomination rights undermines the role of NRC.
    1 for3 against
  • Alteration of Articles of Association of the Company.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance Concern: Nomination rights undermines the role of NRC; Provision for holding combined position of Chairperson and MD/CEO by the same person.
    1 for3 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 penaltyTraffic Police Jammu and KashmirSince 25 Apr 2026₹500

    Grocery Material - Over Height Loading from Mandi- Kishtwar

    Over Height Material Loading
  • Fine or penaltyTraffic Police Jammu and KashmirSince 12 May 2026₹500

    Grocery Material - Over Height Loading from Mandi- Kishtwar

    Over Height Material Loading
  • Fine or penaltyTraffic Police SikkimSince 4 Apr 2026₹2,500

    Imposition of Penalty

    Offence of non following the odd even rule
  • Fine or penaltyDepartment of Revenue and CustomSince 18 Jun 2026₹12,640

    Material carrying in vehicle without custom clearance

    Carrying material to project site without custom clearance
  • Tax disputePrincipal Commisioner of Income Tax Central 2Since 16 Feb 2017
    No change
    At the filing before: The Income tax Department has filed appeals in Hon'ble High Court against favourable orders received by the company from Income tax Appelate Tribunal (ITAT) for assessment years - AY 2006-07 and AY 2007-08 for deduction availed by the company u/s. 80IA which is pending before Hon'ble High CourtMoreLess
  • Tax disputePrincipal Commisioner of Income Tax Central 2Since 1 Jun 2023
    No change
    At the filing before: The Income tax Department has filed appeals in Hon'ble High Court against favourable orders received by the company from Income tax Appelate Tribunal (ITAT) for various assessment years - AY 2008-09, AY 2009-10, AY 2014-15 mainly for deduction availed by the company u/s. 80IA and other disallowances u/s 14A, for business expenditure etc, which is pending before Hon'ble High Court.MoreLess
  • Tax disputeDeputy Commissioner of income tax Central Circle 3(4)Since 30 Jan 2019
    No change
    At the filing before: The Company has filed an appeal against order of the IT AO for AY 2011-12 against disallowances made for certain business expenditure claimed by the company, the hearings for the same are ongoing.
  • Tax disputeDeputy Commissioner of income tax Central Circle 3(4)Since 31 Jan 2018
    No change
    At the filing before: The Company has filed an appeal against order of the IT AO for AY 2015-16 against disallowances made for Deduction claimed by the company u.s. 80IA and other disallowances u/s.14 A etc, the hearings for the same are ongoing.MoreLess
1 more
  • Tax disputeDeputy Commissioner of income tax Central Circle 3(4)Since 29 Jan 2019
    No change
    At the filing before: The Company has filed an appeal against order of the IT AO for AY 2016-17 against disallowances made for Deduction claimed by the company u.s. 80IA and other disallowances u/s.14 A etc, the hearings for the same are ongoing.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.

How money raised was used

Reported for the quarter to Mar 2026. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhereReason and comments
Rights IssuesDec 2025, checked by CARE Ratings Limited398.97Repayment / prepayment, in full or in part, of certain outstanding borrowings availed by our Company, (including any interest thereon)254.00254.00NoAudit committee: No Deviation
Rights IssuesDec 2025, checked by CARE Ratings Limited398.97General corporate purposes94.9794.97NoAudit committee: No Deviation
Rights IssuesDec 2025, checked by CARE Ratings Limited398.97Issue expenses50.0047.81NoAudit committee: No Deviation
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.