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Pfizer CEO, MD, chairman, board of directors and AGM

NSE: PFIZERBSE: 500680Pharmaceuticals & BiotechnologySmall Cap

Last close ₹3,612.30down ₹76.60 (2.08%)BSE ₹3,610.35

Share price at the NSE close on 23 Oct 2026. Previous close ₹3,688.90.

52-week range of traded prices to 23 Oct 2026
₹3,589.00Low, 23 Oct 2026₹5,446.00High, 23 Oct 2025
Market cap
₹16,525 Cr327th largest listed
P/E
22.5
P/B
3.9
Dividend yield
2.08%
ROE
17.5%
ROCE
21.0%
Debt to equity
0.00
Volume, NSE
19,15150.9% delivered

Pfizer 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

  • ChairpersonPradip Panalal Shah
  • Managing director and CEOMeenakshi Nevatia
  • Company Secretary and Compliance OfficerPrajeet Nair

7 directors3 independent3 executive1 non-executive

  • Pradip Panalal Shah · ChairpersonNon-executive · joined Nov 2024 · reappointed Nov 2024 · 18 months as independent · 4 listed boards · 2 as independent · 7 committee seats, 2 as chair
  • Meena GaneshIndependent · joined Mar 2019 · reappointed Mar 2024 · 87 months as independent · 5 listed boards · 5 as independent · 7 committee seats, 2 as chair
  • Lakshmanan KrishnakumarIndependent · joined Jul 2024 · reappointed Jul 2024 · 23 months as independent · 1 listed board · 1 as independent · 4 committee seats, 3 as chair
  • Sonia SinghIndependent · joined Jul 2024 · reappointed Jul 2024 · 23 months as independent · 5 listed boards · 5 as independent · 5 committee seats, 2 as chair
  • Meenakshi Nevatia · Managing director and CEOExecutive · joined Apr 2023 · reappointed Apr 2023 · 0 months as independent · 2 listed boards · 1 as independent · 2 committee seats
  • Amit AgarwalExecutive · joined Feb 2024 · reappointed Feb 2024 · 0 months as independent · 1 listed board
  • P RenganExecutive · joined Oct 2023 · reappointed Oct 2023 · 0 months as independent · 1 listed board · 1 committee seat

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
  • Sunil Lalbhai, left 13 Feb 2025: Tenure Completion
  • Uday Khanna, left 9 Nov 2024: Tenure Completion

Committees and meetings

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

  • Board

    • 12 May 20267 of 7 present3 independent · 91 days in between
    • 9 Feb 20267 of 7 present3 independent

  • Audit Committee

    Chair Lakshmanan Krishnakumar

    Pradip Panalal Shah, Meena Ganesh

    • 12 May 20263 of 3 present2 independent · 91 days in between
    • 9 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Meena Ganesh

    Pradip Panalal Shah, Lakshmanan Krishnakumar, Sonia Singh

    • 12 May 20264 of 4 present3 independent · 91 days in between
    • 9 Feb 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Meena Ganesh

    Lakshmanan Krishnakumar, Meenakshi Nevatia, P Rengan

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Sonia Singh

    Meena Ganesh, Meenakshi Nevatia, Amit Agarwal

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Pradip Panalal Shah

    Sonia Singh, Meenakshi Nevatia, Amit Agarwal, P Rengan

    No meeting listed in the filing.

  • Board Administrative and Share Transfer Committee

    Chair Meenakshi Nevatia

    Amit Agarwal, P Rengan

    No meeting listed in the filing.

  • Independent Directors' Meeting

    • 12 May 20263 of 3 present3 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

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.

Pfizer 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.Pfizer dividend history

Annual general meeting, 28 Jul 2026

1,05,890 shareholders on the register on 17 Jul 2026; present: 7 promoters and 39 others; votes counted by Nrupang B. Dholakia / Dholakia & Associates LLP.The company's voting result (opens in a new tab)

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

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 81.96% · promoters 100.00% · institutions 91.92% · other public 0.56%

  2. To declare a final dividend of Rs. 75/- per equity share of Rs. 10/- (750%) for the financial year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 81.96% · promoters 100.00% · institutions 91.92% · other public 0.56%

  3. ORDINARY - To consider appointment of a Director in place of Mr. P. Rengan (DIN: 10362899), who retires by rotation pursuant to section 152(6) of Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
    Ordinary
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 1.04% · other public 0.24%

    Turnout: all 81.95% · promoters 100.00% · institutions 91.92% · other public 0.46%

  4. Ratification of remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants for the financial year ending March 31, 2027.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.32%

    Turnout: all 81.95% · promoters 100.00% · institutions 91.92% · other public 0.46%

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, 21 Jul 2025, 5 resolutions

1,08,832 shareholders on the register on 9 Jul 2025; present: 7 promoters and 49 others; votes counted by Nrupang B. Dholakia / Dholakia & Associates LLP.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2025, including the reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 83.83% · promoters 100.00% · institutions 91.20% · other public 12.98%

  2. To declare a dividend of Rs. 165/- (1650%) per equity share for the financial year ended March 31, 2025.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.07% · other public 0.00%

    Turnout: all 83.85% · promoters 100.00% · institutions 91.28% · other public 12.98%

  3. Re-appointment of Mr. Amit Agarwal (DIN: 10465938) as a Director, liable to retire by rotation.
    Ordinary
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 0.75% · other public 0.07%

    Turnout: all 83.85% · promoters 100.00% · institutions 91.26% · other public 12.98%

  4. To consider and ratify the remuneration payable to Messers Kishore Bhatia and Associates Cost Accountants for the financial year ending March 31, 2026
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 83.85% · promoters 100.00% · institutions 91.26% · other public 12.98%

  5. To consider appointment of Messers Parikh and Associates as the Secretarial Auditors of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 83.85% · promoters 100.00% · institutions 91.26% · other public 12.98%

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, 8 resolutions

Present: 6 promoters and 57 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2024, including the reports of the Board of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.89%

    Turnout: all 82.11% · promoters 100.00% · institutions 92.42% · other public 0.85%

  2. To declare a dividend of Rs.35/- (350%) per equity share for the financial year ended March 31, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.88%

    Turnout: all 82.11% · promoters 100.00% · institutions 92.42% · other public 0.85%

  3. Appointment of Mr. P. Rengan (DIN: 10362899) as a Director liable to retire by rotation
    Ordinary
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 0.67% · other public 0.96%

    Turnout: all 82.11% · promoters 100.00% · institutions 92.42% · other public 0.84%

  4. To consider appointment of Mr. Pradip Shah (DIN: 00066242) as a Non-Executive Non-Independent Director of the Company with effect from November 10, 2024
    Special
    98.02% for1.98% against

    Against: promoters 0.00% · institutions 9.02% · other public 1.18%

    Turnout: all 82.11% · promoters 100.00% · institutions 92.42% · other public 0.84%

  5. To consider appointment of Mr. Lakshmanan Krishnakumar (DIN: 00423616) as an Independent Director for a term of 5 (five) consecutive years with effect from July 29, 2024
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.87%

    Turnout: all 82.11% · promoters 100.00% · institutions 92.42% · other public 0.84%

  6. To consider appointment of Ms. Sonia Singh (DIN: 07108778) as an Independent Director for a term of 5 (five) consecutive years with effect from July 29, 2024
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.43%

    Turnout: all 82.11% · promoters 100.00% · institutions 92.42% · other public 0.84%

  7. To consider and ratify the remuneration payable to Messrs. Kishore Bhatia & Associates, Cost Accountants for the financial year ended March 31, 2024
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.11% · promoters 100.00% · institutions 92.42% · other public 0.85%

  8. To consider and ratify the remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants for the financial year ending March 31, 2025
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.11% · promoters 100.00% · institutions 92.42% · 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, 30 Mar 2024, 2 resolutions

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

  1. Appointment of Mr. Amit Agarwal (DIN: 10465938) as a Whole-Time Director & Chief Financial Officer of the Company for a period of 5 years with effect from February 26, 2024
    Ordinary
    99.13% for0.87% against

    Against: promoters 0.00% · institutions 4.07% · other public 1.65%

    Turnout: all 81.44% · promoters 100.00% · institutions 93.69% · other public 0.74%

  2. Re-appointment of Ms. Meena Ganesh (DIN: 00528252) as an Independent Director for Second Term of 5 years with effect from March 8, 2024
    Special
    94.35% for5.65% against

    Against: promoters 0.00% · institutions 26.42% · other public 2.87%

    Turnout: all 81.44% · promoters 100.00% · institutions 93.69% · 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.

Postal ballot, 6 Jan 2024, 1 resolution

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

  1. APPOINTMENT OF MR. P. RENGAN (DIN: 10362899) AS A WHOLE-TIME DIRECTOR OF THE COMPANY FOR A PERIOD OF 5 YEARS WITH EFFECT FROM OCTOBER 28, 2023
    Ordinary
    99.11% for0.89% against

    Against: promoters 0.00% · institutions 4.27% · other public 2.53%

    Turnout: all 80.68% · promoters 100.00% · institutions 92.21% · other public 0.45%

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, 18 Aug 2023, 5 resolutions

Present: 7 promoters and 60 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited financial statement of the Company fornthe financial year ended March 31, 2023, including the reports of the Board of Directors andnAuditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 80.59% · promoters 100.00% · institutions 93.72% · other public 0.42%

  2. To declare a final dividend of Rs.40 (400%) per equity share for the financial year ended March 31, 2023
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 80.59% · promoters 100.00% · institutions 93.72% · other public 0.42%

  3. Appointment of Mr. Samir Kazi (DIN: 07184083) as a Director liable to retire by rotation
    Ordinary
    98.85% for1.15% against

    Against: promoters 0.00% · institutions 5.56% · other public 0.89%

    Turnout: all 80.59% · promoters 100.00% · institutions 93.72% · other public 0.42%

  4. To consider revision in the limit of commission payable to Non-Executive Directors
    Ordinary
    99.46% for0.54% against

    Against: promoters 0.00% · institutions 2.59% · other public 3.13%

    Turnout: all 80.59% · promoters 100.00% · institutions 93.72% · other public 0.42%

  5. To consider and ratify the remuneration payable to Messrs. RA & Co., Cost Accountants for the financial year ending March 31, 2024
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.85%

    Turnout: all 80.58% · promoters 100.00% · institutions 93.72% · other public 0.42%

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, 27 May 2023, 1 resolution

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

  1. APPOINTMENT OF MS. MEENAKSHI NEVATIA (DIN: 08235844) AS A DIRECTOR AND MANAGING DIRECTOR OF THE COMPANY WITH EFFECT FROM APRIL 3, 2023
    Ordinary
    99.72% for0.28% against

    Against: promoters 0.00% · institutions 1.36% · other public 0.15%

    Turnout: all 82.83% · promoters 100.00% · institutions 94.42% · other public 11.97%

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, 26 Aug 2022, 5 resolutions

Present: 7 promoters and 55 others.The company's voting result (opens in a new tab)

  1. Adoption of audited financial statement for financial year ended March 31,2022
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 80.46% · promoters 100.00% · institutions 90.68% · other public 28.78%

  2. Declaration of Dividend of Rs. 35 per equity shares for financial year ended March 31, 2022
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 80.47% · promoters 100.00% · institutions 90.68% · other public 28.81%

  3. Appointment of Mr. Milind Patil, DIN: 02546815 as a Director liable to retire by rotation
    Ordinary
    99.45% for0.55% against

    Against: promoters 0.00% · institutions 4.92% · other public 0.01%

    Turnout: all 80.47% · promoters 100.00% · institutions 90.68% · other public 28.78%

  4. To consider appointment of B S R & Co. LLP as the Statutory Auditor of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 80.46% · promoters 100.00% · institutions 90.68% · other public 28.78%

  5. To consider and ratify the remunration payble to Messrs. RA & Co. Cost Accountants for financial year ending March 31, 2023
    Ordinary
    99.33% for0.67% against

    Against: promoters 0.00% · institutions 5.92% · other public 0.01%

    Turnout: all 80.46% · promoters 100.00% · institutions 90.68% · other public 28.78%

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 28 Jul 2026, 11 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, including the Reports of the Board of Directors and Auditors thereon.
    11 for0 against
  • To declare a final dividend of Rs. 75/- per equity share of Rs. 10/- (750%) for the financial year ended March 31, 2026.
    11 for0 against
  • ORDINARY - To consider appointment of a Director in place of Mr. P. Rengan (DIN: 10362899), who retires by rotation pursuant to section 152(6) of Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
    11 for0 against
  • Ratification of remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants for the financial year ending March 31, 2027.
    11 for0 against

Mutual fund votes, meeting of 21 Jul 2025, 21 fund houses

  • To receive, consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2025, including the reports of the Board of Directors and Auditors thereon.
    21 for0 against
  • To declare a dividend of Rs. 165/- (1650%) per equity share for the financial year ended March 31, 2025.
    21 for0 against
  • Re-appointment of Mr. Amit Agarwal (DIN: 10465938) as a Director, liable to retire by rotation.
    21 for0 against
  • To consider and ratify the remuneration payable to Messers Kishore Bhatia and Associates Cost Accountants for the financial year ending March 31, 2026
    21 for0 against
  • To consider appointment of Messers Parikh and Associates as the Secretarial Auditors of the Company
    21 for0 against
6 earlier meetings

Mutual fund votes, meeting of 28 Aug 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 the audited financial statement of the Company for the financial year ended March 31, 2024, including the reports of the Board of Directors and Auditors thereon
    11 for0 against
  • To declare a dividend of Rs.35/- (350%) per equity share for the financial year ended March 31, 2024
    11 for0 against
  • Appointment of Mr. P. Rengan (DIN: 10362899) as a Director liable to retire by rotation
    11 for0 against
  • To consider appointment of Mr. Pradip Shah (DIN: 00066242) as a Non-Executive Non-Independent Director of the Company with effect from November 10, 2024
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with Law. Governance Concern: No cooling off period served before appointment as NED-NID post completion of two terms as an ID.
    10 for1 against
  • To consider appointment of Mr. Lakshmanan Krishnakumar (DIN: 00423616) as an Independent Director for a term of 5 (five) consecutive years with effect from July 29, 2024
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern on the merit of proposed appointees. Non-Compliant with SEBI LODR & Companies Act, 2013: Terms and Conditions of appointment of proposed IDs not disclosed on the website of the Company and Assurance statement of independence by Board not disclosed.
    10 for1 against
  • To consider appointment of Ms. Sonia Singh (DIN: 07108778) as an Independent Director for a term of 5 (five) consecutive years with effect from July 29, 2024
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern on the merit of proposed appointees. Non-Compliant with SEBI LODR & Companies Act, 2013: Terms and Conditions of appointment of proposed IDs not disclosed on the website of the Company and Assurance statement of independence by Board not disclosed.
    10 for1 against
  • To consider and ratify the remuneration payable to Messrs. Kishore Bhatia & Associates, Cost Accountants for the financial year ended March 31, 2024
    8 for0 against
  • To consider and ratify the remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants for the financial year ending March 31, 2025
    8 for0 against
4 proposals not matched to one resolution
  • 7) Ratify remuneration of Rs. 1,470,000 to Kishore Bhatia & Associates as cost auditors for FY24.
    1 for0 against
  • 8) Ratify remuneration of Rs. 1,470,000 to Kishore Bhatia & Associates as cost auditors for FY25.
    1 for0 against
  • Ratify remuneration of Rs. 1,470,000 to Kishore Bhatia & Associates as cost auditors for FY24
    2 for0 against
  • Ratify remuneration of Rs. 1,470,000 to Kishore Bhatia & Associates as cost auditors for FY25
    2 for0 against

Mutual fund votes, meeting of 30 Mar 2024, 16 fund houses

  • Appointment of Mr. Amit Agarwal (DIN: 10465938) as a Whole-Time Director & Chief Financial Officer of the Company for a period of 5 years with effect from February 26, 2024
    Against HSBC Mutual Fund
    • HSBC Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns: • The board does not have at least one-half independent director (post reclassification) and Amit Agarwal is a non-independent director nominee.
    15 for1 against
  • Re-appointment of Ms. Meena Ganesh (DIN: 00528252) as an Independent Director for Second Term of 5 years with effect from March 8, 2024
    Against Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, Zerodha Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on the merit of proposed appointee. Non-Compliance: Re-appointment is not in accordance with law, no prior shareholders’ approval obtained for re-appointment as an ID.
    • Kotak Mahindra Mutual FundNo concern has been identified with the profile, time commitments, attendance and independence of Ms. Meena Ganesh. However, the power to re-appoint Independent Directors rests with the shareholders, and the Board cannot re-appoint her directly. The term of Ms. Meena Ganesh has already ended on 7th March 2024. Therefore, in order to be eligible for re-appointment, the shareholders approval should have been obtained prior to her term coming to an end. Hence, such approval should have been obtained on or before 7th March, 2024. The resolution is non-compliant by the law and doesn t adhere to the provisions of Companies Act, 2013. Hence voting against.
    • Nippon India Mutual FundShareholder's approval not obtained on time for appointment of director
    • Zerodha Mutual FundThe re-appointment of the concerned person as an ID for the second term is not in accordance with the law.
    11 for5 against

Mutual fund votes, meeting of 6 Jan 2024, 16 fund houses

  • APPOINTMENT OF MR. P. RENGAN (DIN: 10362899) AS A WHOLE-TIME DIRECTOR OF THE COMPANY FOR A PERIOD OF 5 YEARS WITH EFFECT FROM OCTOBER 28, 2023
    Against HSBC Mutual Fund
    • HSBC Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns: The board is not at least one-half independent (post our reclassification) and P. Rengan is a non-independent director nominee.
    15 for1 against

Mutual fund votes, meeting of 18 Aug 2023, 13 fund houses

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

  • To receive, consider and adopt the audited financial statement of the Company fornthe financial year ended March 31, 2023, including the reports of the Board of Directors andnAuditors thereon
    12 for0 against
  • To declare a final dividend of Rs.40 (400%) per equity share for the financial year ended March 31, 2023
    13 for0 against
  • Appointment of Mr. Samir Kazi (DIN: 07184083) as a Director liable to retire by rotation
    Against HSBC Mutual Fund
    • HSBC Mutual FundA vote AGAINST the re-election of Samir Salauddin Kazi is warranted because: The board is chaired by a non-executive director and the board is not at least one-third independent and Samir Salauddin Kazi is a non-independent director nominee..
    12 for1 against
  • To consider revision in the limit of commission payable to Non-Executive Directors
    Against HSBC Mutual Fund
    • HSBC Mutual FundNon-executive directors participate in performance-based incentive schemes.
    12 for1 against
  • To consider and ratify the remuneration payable to Messrs. RA & Co., Cost Accountants for the financial year ending March 31, 2024
    13 for0 against
1 proposal not matched to one resolution
  • Accept Financial Statements and Statutory Reports
    1 for0 against

Mutual fund votes, meeting of 27 May 2023, 14 fund houses

  • APPOINTMENT OF MS. MEENAKSHI NEVATIA (DIN: 08235844) AS A DIRECTOR AND MANAGING DIRECTOR OF THE COMPANY WITH EFFECT FROM APRIL 3, 2023
    14 for0 against

Mutual fund votes, meeting of 26 Aug 2022, 10 fund houses

  • Adoption of audited financial statement for financial year ended March 31,2022
    10 for0 against
  • Declaration of Dividend of Rs. 35 per equity shares for financial year ended March 31, 2022
    10 for0 against
  • Appointment of Mr. Milind Patil, DIN: 02546815 as a Director liable to retire by rotation
    10 for0 against
  • To consider appointment of B S R & Co. LLP as the Statutory Auditor of the Company
    10 for0 against
  • To consider and ratify the remunration payble to Messrs. RA & Co. Cost Accountants for financial year ending March 31, 2023
    10 for0 against

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

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeDeputy Commissioner of Income TaxSince 31 Jan 2018
    The matter is pending before Hon'ble High Court of Bombay.
    At the filing before: The dispute against the tax demand of Rs.98.45 crores (including interest) on disallowance of depreciation and certain expenses for FY 2014-15 was pending before Hon'ble High Court of Bombay.
  • Tax disputeDeputy Commissioner of Income TaxSince 2 Feb 2017
    The matter is pending before Hon'ble High Court of Bombay.
    At the filing before: The dispute against the tax demand of Rs.80.05 crores (including interest) on disallowance of depreciation and certain expenses for FY 2013-14 was pending before Hon'ble High Court of Bombay.
  • Tax disputeDeputy Commissioner of Income TaxSince 18 Jan 2019
    The matter is pending before Hon'ble High Court of Bombay.
    At the filing before: The dispute against the tax demand of Rs.61.31 crores (including interest) on disallowance of depreciation and certain expenses for FY 2015-16 was pending before Hon'ble High Court of Bombay.
  • Tax disputeAssistant Commissioner of Income TaxSince 24 Jan 2020
    Both the appeals before the Commissioner of Income Tax are pending . ITAT has allowed the Company to withdraw appeal with a liberty to approach again in case of unfavourable order from lower appellate authority and hon'ble Bombay High Court has granted a stay till appeal before ITAT is decided.MoreLess
    At the filing before: (1) The dispute against tax demand of Rs.44.25 crores raised due to disallowance of depreciation and certain expenses in assessment under section 143(3) for FY 2016-17 was pending before Commissioner of Income Tax (Appeals). (2) Writ filed by the Company is disposed off by Hon'ble High Court against order under section 143(3) giving effect to the order of the Principal Commissioner under section 263 with incremental tax effect of Rs.12.69 crores having been passed beyond the statutory timelines by asking us to approach lower authorities. And accordingly company has filed an appeal with CIT(A) against such order with a limited ground of validity of such order. (3)Further, re-characterization of short term capital gains proposed by Principal Commissioner of Income Tax in proceedings under section 263 was challenged before the Income Tax Appellate Tribunal has now been withdrawn by company as per directives of High Court, with a liberty to approach Tribunal again in case of adverse order from lower authorities.MoreLess
  • Tax disputeAssessment Unit, Income Tax DepartmentSince 25 Oct 2023
    The matter is pending before the Commissioner of Income Tax (Appeals).
    At the filing before: The dispute against the tax demand of Rs.32.40 crores (including interest) on disallowance of depreciation and certain expenses for FY 2019-20 was pending before Commissioner of Income Tax (Appeals).
  • Tax disputeAssessment Unit, Income Tax DepartmentSince 23 Apr 2026
    The matter is pending before Commissioner of Income Tax (Appeals).
    At the filing before: The dispute against the tax demand of Rs.85.74 crores (including interest) on account of alleged under reporting of income and certain other disallowances for FY 2022-23. The Company has filed an appeal before Commissioner of Income Tax (Appeals) against the said order.MoreLess
  • Tax disputeNational Pharmaceutical Pricing AuthoritySince 10 Dec 2018
    The matter is pending before Hon'ble High Court of Bombay.
    At the filing before: Writ petition filed with the Hon'ble High Court of Bombay against the demand of Rs. 48.46 crores raised by NPPA alleging price increase in excess of permissible limit for the period April 2015 to August 2017.MoreLess
  • Tax disputeNational Pharmaceutical Pricing AuthoritySince 28 Jan 2008
    The matter is pending before Hon'ble High Court of Bombay.
    At the filing before: Writ petition is filed with the Hon'ble High Court of Bombay against the alleged demand of Rs. 45.09 crore raised by NPPA in 2007 in respect of 6 bulk drugs & formulations thereof.

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

At most 3 complaints open, quarter to Mar 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.