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PCBL Chemical MD, chairman, board of directors and AGM

NSE: PCBLBSE: 506590Chemicals & PetrochemicalsSmall Cap

Formerly PCBL
Last close ₹274.85down ₹17.65 (6.03%)BSE ₹274.70

Share price at the NSE close on 23 Oct 2026. Previous close ₹292.50.

52-week range of traded prices to 23 Oct 2026
₹226.50Low, 24 Mar 2026₹375.00High, 29 Oct 2025
Market cap
₹10,814 Cr519th largest listed
P/E
41.8
P/B
2.7
Dividend yield
3.82%
ROE
6.7%
ROCE
8.3%
Debt to equity
1.20
Volume, NSE
15,25,98642.5% delivered

PCBL Chemical 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

  • ChairpersonSanjiv Goenka
  • Managing directorNilesh Koul
  • Company Secretary and Compliance OfficerKaushik Mukherjee

10 directors6 independent1 executive3 non-executive

  • Sanjiv Goenka · ChairpersonNon-executive · joined Oct 1986 · reappointed Jul 2023 · 5 listed boards · 2 committee seats, 2 as chair
  • Nilesh Koul · Managing directorExecutive · joined Nov 2025 · 1 listed board · 1 committee seat
  • Preeti GoenkaNon-executive · joined Jul 2018 · reappointed Aug 2024 · 2 listed boards
  • Shashwat GoenkaNon-executive · joined Sep 2014 · reappointed Sep 2025 · 5 listed boards · 2 committee seats, 1 as chair
  • Ram Krishna Agarwal · Shareholder DirectorIndependent · joined Jul 2021 · reappointed Jul 2021 · 59 months as independent · 1 listed board · 1 as independent · 3 committee seats, 1 as chair
  • Tharavanat Chandrasekharan Suseel Kumar · Shareholder DirectorIndependent · joined Oct 2021 · reappointed Oct 2021 · 56 months as independent · 3 listed boards · 3 as independent · 2 committee seats, 1 as chair
  • Jairaj Kallaikuruchi · Shareholder DirectorIndependent · joined Mar 2022 · reappointed Mar 2022 · 52 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 2 as chair
  • Sethurathnam Ravi · Shareholder DirectorIndependent · joined Mar 2023 · reappointed Mar 2023 · 40 months as independent · 6 listed boards · 4 as independent · 9 committee seats, 4 as chair
  • Umang Kanoria · Shareholder DirectorIndependent · joined Oct 2024 · reappointed Oct 2024 · 21 months as independent · 4 listed boards · 2 as independent · 4 committee seats
  • Sneh Lata · Shareholder DirectorIndependent · joined Mar 2026 · reappointed Mar 2026 · 3 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.

2 directors who left
  • Rusha Mitra, left 7 Apr 2026: Tenure Completion
  • Kaushik Roy, left 3 Nov 2025: Others

Committees and meetings

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

  • Board

    • 30 Apr 20267 of 10 present3 independent · 22 days in between
    • 7 Apr 20266 of 11 present2 independent · 35 days in between
    • 2 Mar 20266 of 10 present2 independent · 26 days in between
    • 3 Feb 202610 of 10 present6 independent

  • Audit Committee

    Chair Tharavanat Chandrasekharan Suseel Kumar

    Ram Krishna Agarwal, Sethurathnam Ravi

    • 30 Apr 20263 of 3 present3 independent · 85 days in between
    • 3 Feb 20264 of 4 present4 independent

  • Nomination and remuneration committee

    Chair Tharavanat Chandrasekharan Suseel Kumar

    Sethurathnam Ravi, Umang Kanoria

    • 30 Apr 20263 of 3 present3 independent · 34 days in between
    • 26 Mar 20262 of 3 present2 independent · 50 days in between
    • 3 Feb 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Jairaj Kallaikuruchi

    Umang Kanoria, Nilesh Koul

    • 30 Apr 20263 of 3 present2 independent · 85 days in between
    • 3 Feb 20263 of 3 present2 independent

  • Risk Management Committee

    Chair Nilesh Koul

    Ram Krishna Agarwal, Tharavanat Chandrasekharan Suseel Kumar, Sethurathnam Ravi

    • 12 Feb 20264 of 4 present3 independent

  • Corporate Social Responsibility Committee

    Chair Nilesh Koul

    Shashwat Goenka, Sneh Lata

    • 30 Apr 20263 of 3 present1 independent · 58 days in between
    • 2 Mar 20263 of 3 present1 independent · 26 days in between
    • 3 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.

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

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

PCBL Chemical 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.PCBL Chemical dividend history

Annual general meeting, 22 Sep 2026

2,79,035 shareholders on the register on 15 Sep 2026; present: 6 promoters and 123 others; votes counted by ANJAN KUMAR ROY / ANJAN KUMAR ROY & CO.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements and Reports of Board of Directors and Auditors of the Company for the financial year ended 31st March, 2026
    Ordinary
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.92% · other public 3.35%

    Turnout: all 67.93% · promoters 100.00% · institutions 73.88% · other public 0.25%

  2. To confirm and take on record the payment of Interim Dividend of Rs. 6.00/- per equity share of Re. 1.00 each, for the financial year ended 31st March, 2026.
    Ordinary
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 0.82% · other public 0.83%

    Turnout: all 67.96% · promoters 100.00% · institutions 74.03% · other public 0.25%

  3. Re-appointment of Dr. Sanjiv Goenka (DIN: 00074796), as a Director of the Company
    OrdinaryPromoters have an interest in it
    99.62% for0.38% against

    Against: promoters 0.00% · institutions 1.78% · other public 4.21%

    Turnout: all 67.96% · promoters 100.00% · institutions 74.03% · other public 0.25%

  4. Ratification of remuneration payable to M/S. Shome & Banerjee, Cost Auditors of the Company for the financial year ending 31st March, 2027.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.27%

    Turnout: all 67.96% · promoters 100.00% · institutions 74.03% · other public 0.25%

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, 8 May 2026, 1 resolution

2,90,900 shareholders on the register on 3 Apr 2026; votes counted by Manoj Prasad Shaw / M/s. Manoj Shaw & Co..The company's voting result (opens in a new tab)

  1. Appointment of Ms. Sneh Lata (DIN: 11628402) as Non-Executive Independent Woman Director of the Company
    Special
    94.21% for5.79% against

    Against: promoters 0.00% · institutions 29.70% · other public 5.42%

    Turnout: all 66.44% · promoters 100.00% · institutions 72.86% · other public 0.43%

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, 11 Dec 2025, 1 resolution

2,90,929 shareholders on the register on 7 Nov 2025; votes counted by Manoj Prasad Shaw / Manoj Shaw & Co..The company's voting result (opens in a new tab)

  1. Appointment of Mr. Nilesh Koul (DIN - 10963815) as the Managing Director of the Company
    SpecialPromoters have an interest in it
    94.29% for5.71% against

    Against: promoters 0.00% · institutions 29.21% · other public 3.11%

    Turnout: all 64.03% · promoters 100.00% · institutions 69.66% · 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, 15 Sep 2025, 5 resolutions

2,93,664 shareholders on the register on 8 Sep 2025; present: 6 promoters and 89 others; votes counted by ANJAN KUMAR ROY / ANJAN KUMAR ROY & CO..The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements and Reports of Board of Directors and Auditors of the Company for the financial year ended 31st March, 2025
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.86%

    Turnout: all 63.21% · promoters 100.00% · institutions 67.07% · other public 0.11%

  2. To confirm and take on record the payment of Interim Dividend @ 550%, for the financial year ended 31st March, 2025
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.63%

    Turnout: all 63.25% · promoters 100.00% · institutions 67.28% · other public 0.12%

  3. Re-appointment of Mr. Shashwat Goenka as a Non-Executive Director of the Company
    OrdinaryPromoters have an interest in it
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 0.94% · other public 4.93%

    Turnout: all 63.24% · promoters 100.00% · institutions 67.28% · other public 0.11%

  4. Appointment of M/S. Anjan Kumar Roy, Company Secretaries as Secretarial Auditors of the Company and fixation of remuneration thereof
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.64%

    Turnout: all 63.24% · promoters 100.00% · institutions 67.27% · other public 0.11%

  5. Ratification of remuneration payable to M/s. Shome & Banerjee, Cost Auditors of the Company for financial year ending 31st March, 2026
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.34%

    Turnout: all 63.24% · promoters 100.00% · institutions 67.28% · other public 0.11%

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

Postal ballot, 21 Dec 2024, 1 resolution

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

  1. Reappointment of Mr. Kaushik Roy as the Managing Director of the Company
    Special
    94.10% for5.90% against

    Against: promoters 0.00% · institutions 37.98% · other public 1.31%

    Turnout: all 61.53% · promoters 100.00% · institutions 72.41% · other public 1.67%

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, 6 Oct 2024, 2 resolutions

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

  1. Appointment of Mr. Umang Kanoria as a Non-Executive Independent Director of the Company for the 1st term of five consecutive years with effect from 9th October, 2024
    SpecialPromoters have an interest in it
    93.84% for6.16% against

    Against: promoters 0.00% · institutions 39.46% · other public 1.88%

    Turnout: all 61.32% · promoters 100.00% · institutions 72.45% · other public 0.99%

  2. Change of Name of the Company from 'PCBL Limited' to PCBL Chemical Limited' and consequential amendment to the Memorandum and Articles of Association of the Company
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.46%

    Turnout: all 61.32% · promoters 100.00% · institutions 72.45% · other public 0.99%

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, 28 Aug 2024, 4 resolutions

Present: 6 promoters and 101 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements including Consolidated Audited Financial Statements and Reports of Board of Directors and Auditors of the Company for the year ended 31st March, 2024
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.44%

    Turnout: all 62.03% · promoters 100.00% · institutions 82.23% · other public 0.20%

  2. To take on record the payment of Interim Dividend @550% (i.e. Rs. 5.50/- per equity share on 377462604 Equity Shares of Re. 1/- each), paid to the Company’s shareholders for the financial year ended 31st March, 2024MoreLess
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.45%

    Turnout: all 62.07% · promoters 100.00% · institutions 82.60% · other public 0.20%

  3. Re-appointment of Mrs. Preeti Goenka as a Non-Executive Director of the Company
    OrdinaryPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.23% · other public 3.17%

    Turnout: all 62.07% · promoters 100.00% · institutions 82.60% · other public 0.20%

  4. Ratification of remuneration of M/S. Shome & Banerjee, Cost Auditors of the Company
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.77%

    Turnout: all 62.07% · promoters 100.00% · institutions 82.60% · other public 0.20%

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 2024, 1 resolution

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

  1. Issuance of Warrants on a preferential basis and matters related therewith
    SpecialPromoters have an interest in it
    96.97% for3.03% against

    Against: promoters 0.00% · institutions 20.21% · other public 6.14%

    Turnout: all 60.59% · promoters 100.00% · institutions 66.73% · other public 0.44%

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

How mutual funds voted

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

Mutual fund votes, meeting of 22 Sep 2026, 8 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 Audited Standalone and Consolidated Financial Statements and Reports of Board of Directors and Auditors of the Company for the financial year ended 31st March, 2026
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundThe Company has not disclosed financials of certain subsidiaries for FY 2025-26 on its website.
    • Edelweiss Mutual Fund, Navi Mutual FundUnqualified financial statements (except certain non-material remarks identified in CARO report). Compliant with Indian Accounting Standards. Non-Compliant with Companies Act, 2013 & SEBI LODR Regulations: The Company has not disclosed financials of certain subsidiaries for FY 2025-26 on its website.
    5 for3 against
  • To confirm and take on record the payment of Interim Dividend of Rs. 6.00/- per equity share of Re. 1.00 each, for the financial year ended 31st March, 2026.
    8 for0 against
  • Re-appointment of Dr. Sanjiv Goenka (DIN: 00074796), as a Director of the Company
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance concern: Gender Bias, Disproportionate, Skewed and Identical Remuneration in favour of proposed director.
    • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: Gender Bias, Disproportionate, Skewed and Identical Remuneration in favour of proposed director.
    5 for3 against
  • Ratification of remuneration payable to M/S. Shome & Banerjee, Cost Auditors of the Company for the financial year ending 31st March, 2027.
    8 for0 against
2 proposals not matched to one resolution
  • 1a) Adoption of standalone financial statements for the year ended 31 March 2026
    1 for0 against
  • Adoption of standalone financial statements for the year ended 31 March 2026
    1 for0 against

Mutual fund votes, meeting of 8 May 2026, 16 fund houses

  • Appointment of Ms. Sneh Lata (DIN: 11628402) as Non-Executive Independent Woman Director of the Company
    Against Aditya Birla Sun Life Mutual Fund, Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Jio BlackRock Mutual Fund, Kotak Mahindra Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, Tata Mutual Fund
    • Aditya Birla Sun Life Mutual Fund, Jio BlackRock Mutual FundMs. Sneh Lata, 32, is a Counsel in the Corporate and Commercial practice group at Khaitan & Co and specializes in mergers & acquisitions, private equity and joint ventures. She has been associated with Khaitan & Co. for about nine years, and has held positions such as Principal Associate, Senior Associate and Associate. She is a graduate in B.A., L.L.B (Hons) from National University of Study and Research in Law, Ranchi.We note that since 2015 the company’s board has always included a Partner/Counsel from Khaitan & Co. Further, as per FY25 annual report, Khaitan & Co. are solicitors of PCBL Chemicals Ltd. Given the business linkage between the company and Khaitan & Co. LLP, we do not consider Ms. Sneh Lata to be truly independent. We also note that she has less than 10 years of work experience. We do not support the resolution.
    • Angel One Mutual FundGovernance Concern: Outgoing as well as the incoming Independent Directors are both from same law firm that acts as Company’s solicitor, it appears that the Independent Directors are acting as ex officio member, who represent the law firm's interest on the Board.
    • Axis Mutual Fund, Tata Mutual FundMs. Sneh Lata, 32, is a Counsel in the Corporate and Commercial practice group at Khaitan & Co and specializes in mergers & acquisitions, private equity and joint ventures. She has been associated with Khaitan & Co. for about nine years, and has held positions such as Principal Associate, Senior Associate and Associate. She is a graduate in B.A., L.L.B (Hons) from National University of Study and Research in Law, Ranchi. We note that since 2015 the company’s board has always included a Partner/Counsel from Khaitan & Co. Further, as per FY25 annual report, Khaitan & Co. are solicitors of PCBL Chemicals Ltd. Given the business linkage between the company and Khaitan & Co. LLP, we do not consider Ms. Sneh Lata to be truly independent. We also note that she has less than 10 years of work experience. We do not support the resolution.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual FundCompliant with law. Governance Concern: Outgoing as well as the incoming IDs are both from same law firm that acts as Company’s solicitor, it appears that the IDs are acting as ex officio member, who represent the law firm's interest on the Board.
    • Kotak Mahindra Mutual FundMs. Sneh Lata, 32, is a Counsel in the Corporate and Commercial practice group at Khaitan & Co and specializes in mergers & acquisitions, private equity and joint ventures. She has been associated with Khaitan & Co. for about nine years, and has held positions such as Principal Associate, Senior Associate and Associate. As per FY25 annual report, Khaitan & Co. are solicitors of PCBL Chemicals Ltd. Given the business linkage between the company and Khaitan & Co. LLP, we do not consider Ms. Sneh Lata to be truly independent. We do not support the resolution.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Motilal Oswal Mutual FundOutgoing as well as the incoming IDs are both from same law firm
    • Nippon India Mutual FundGovernance Concern: Both the outgoing and incoming Independent Directors belong to the Company's solicitor firm, raising concerns about true independence and potential conflict of interest, as they may represent the law firm's interests rather than those of the Company and its shareholders.
    3 for13 against
6 earlier meetings

Mutual fund votes, meeting of 11 Dec 2025, 16 fund houses

  • Appointment of Mr. Nilesh Koul (DIN - 10963815) as the Managing Director of the Company
    Against Axis Mutual Fund, Jio BlackRock Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund
    • Axis Mutual Fund, Jio BlackRock Mutual Fund, SBI Mutual FundNilesh Koul, 52, is former Senior President, CEO Aluminium Downstream, Hindalco Industries Limited. He has twenty-eight years of experience across different sectors such as metals, construction materials, oil and gas and FMCG. We estimate his remuneration in FY26 (5 months) as Rs. 38.2 mn (including joining bonus), FY27 as Rs. 85.5 mn and FY28 as Rs. 115.5 mn - based on explicit amounts given in the notice. There is inadequate clarity on remuneration - with the Nomination and Remuneration Committee having discretion in deciding other allowances, performance incentive and other perquisites. As per the proposed remuneration structure, the variable pay is at ~35% of total pay: which is low. We believe variable pay should constitute more than 50% of the overall remuneration and be directly linked to company performance, with clearly defined performance metrics. While we support his appointment as Managing Director, we do not support the open-ended remuneration terms. Hence, we do not support the resolution.
    • Nippon India Mutual FundTransparency concern: Inadequate clarity on remuneration, with NRC having discretion in deciding other allowances, performance incentive and other perquisites.
    12 for4 against

Mutual fund votes, meeting of 12 Nov 2025, 1 fund house

  • Appointment of Mr. Nilesh Koul (DIN 10963815) as the Managing Director of the Company, not liable to retire by rotation, on a continuation basis for a term of 5 (five) years effective from 3rd November, 2025 up to 2nd November, 2030 (both days inclusive) and including remuneration.MoreLess
    1 for0 against

Mutual fund votes, meeting of 15 Sep 2025, 18 fund houses

  • Adoption of Audited Standalone and Consolidated Financial Statements and Reports of Board of Directors and Auditors of the Company for the financial year ended 31st March, 2025
    18 for0 against
  • To confirm and take on record the payment of Interim Dividend @ 550%, for the financial year ended 31st March, 2025
    18 for0 against
  • Re-appointment of Mr. Shashwat Goenka as a Non-Executive Director of the Company
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance Concern: Remuneration is skewed in favour of Promoter Director, Gender biased remuneration practice.
    • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance Concern: Remuneration is skewed in favour of Promoter Director, Gender biased remuneration practice.
    13 for5 against
  • Appointment of M/S. Anjan Kumar Roy, Company Secretaries as Secretarial Auditors of the Company and fixation of remuneration thereof
    18 for0 against
  • Ratification of remuneration payable to M/s. Shome & Banerjee, Cost Auditors of the Company for financial year ending 31st March, 2026
    18 for0 against

Mutual fund votes, meeting of 21 Dec 2024, 19 fund houses

  • Reappointment of Mr. Kaushik Roy as the Managing Director of the Company
    Against Axis Mutual Fund, Bank of India Mutual Fund, DSP Mutual Fund, Mirae Asset Mutual Fund, Navi Mutual Fund
    • Axis Mutual Fund, Bank of India Mutual Fund, DSP Mutual Fund, Navi Mutual FundKaushik Roy, 59, was first appointed as Managing Director of the company on 5 February 2013. He has over three decades of experience across different sectors such as tyre, cement and chemicals. Kaushik Roy was paid Rs. 159.5 mn as remuneration in FY24. We estimate his annual remuneration at Rs. 175.4 mn - entirely fixed. There is inadequate clarity on remuneration with the Nomination and Remuneration Committee having discretion in deciding other allowances, performance incentive and other perquisites. His remuneration structure does not include a variable component and comprises largely of fixed pay with limited alignment to performance. We believe variable pay should constitute more than 50% of the overall remuneration and be directly linked to company performance, with clearly defined performance metrics. Further, his remuneration at Rs. 175.4 mn is higher than peers and not commensurate with the size and scale of business. While we support his reappointment as Managing Director, we do not support the remuneration terms.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    14 for5 against

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

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

  • Appointment of Mr. Umang Kanoria as a Non-Executive Independent Director of the Company for the 1st term of five consecutive years with effect from 9th October, 2024
    Against Axis Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
    • Axis Mutual Fund, Bank of India Mutual Fund, DSP Mutual Fund, Navi Mutual FundUmang Kanoria, 64, is the Chairperson of Kanco Tea & Industries Limited and Kanco Enterprises Limited. He has experience in the tea and textiles industry. He has completed his Bachelor of Commerce from St. Xavier’s College, Kolkata and MBA from IMD Lausanne, Switzerland. He has been an Independent Director on Saregama India Limited, a promoter group company, since September 2015. His aggregate tenure with the group will exceed ten years during the proposed tenure. Therefore, we are unable to support his appointment as Independent Director. We will consider his overall association with the group to compute his tenure. The board must consider appointing him as a Non-Executive Non-Independent Director. We do not support the resolution.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Prolonged Association with the Group.
    • Edelweiss Mutual Fund, Nippon India Mutual FundProlonged Association with the Group.
    • HDFC Mutual FundWith the proposed tenure, Mr. Umang Kanoria’s association with the group will cross 10 years. We believe that this is not in line with the spirit of the regulations.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    8 for11 against
  • Change of Name of the Company from 'PCBL Limited' to PCBL Chemical Limited' and consequential amendment to the Memorandum and Articles of Association of the Company
    20 for0 against
1 proposal not matched to one resolution
  • Item 1, as a fund house numbered it
    Against Taurus Mutual Fund
    • Taurus Mutual FundUmang Kanoria, 64, is the Chairperson of Kanco Tea & Industries Limited and Kanco Enterprises Limited. He has experience in the tea and textiles industry. He has completed his Bachelor of Commerce from St. Xavier’s College, Kolkata and MBA from IMD Lausanne, Switzerland. He has been an Independent Director on Saregama India Limited, a promoter group company, since September 2015. His aggregate tenure with the group will exceed ten years during the proposed tenure. Therefore, we are unable to support his appointment as Independent Director. We will consider his overall association with the group to compute his tenure. The board must consider appointing him as a Non-Executive Non-Independent Director. We do not support the resolution.
    0 for1 against

Mutual fund votes, meeting of 28 Aug 2024, 18 fund houses

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

  • Adoption of Audited Financial Statements including Consolidated Audited Financial Statements and Reports of Board of Directors and Auditors of the Company for the year ended 31st March, 2024
    16 for0 against
  • To take on record the payment of Interim Dividend @550% (i.e. Rs. 5.50/- per equity share on 377462604 Equity Shares of Re. 1/- each), paid to the Company’s shareholders for the financial year ended 31st March, 2024MoreLess
    17 for0 against
  • Re-appointment of Mrs. Preeti Goenka as a Non-Executive Director of the Company
    17 for0 against
  • Ratification of remuneration of M/S. Shome & Banerjee, Cost Auditors of the Company
    17 for0 against
5 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • 1) A) Adoption of Audited Standalone Financial Statements for the year ended March 31, 2024 and the reports of the Directors and Auditors thereon. B) Adoption of Audited Consolidated Financial Statements for the year ended March 31, 2024 and Auditors report thereon.MoreLess
    1 for0 against

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

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

At most 2 complaints open, quarter to Jun 2026.
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
No
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 preferential issue sells new shares to chosen investors rather than to the public. 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 elsewhere
Preferential IssuesNov 2025, checked by Crisil Ratings Limited336.00Debt Repayment of the company and its subsidiaries168.00168.00No
Preferential IssuesNov 2025, checked by Crisil Ratings Limited336.00Funding working capital of the company and its subsidiaries168.00168.00No
Preferential IssuesNov 2025, checked by Crisil Ratings Limited336.00General Corporate Purpose (GCP)112.00112.00No
₹ 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.