PI Industries logo

PI Industries MD, chairman, board of directors and AGM

NSE: PIINDBSE: 523642Fertilizers & AgrochemicalsMid Cap

Last close ₹2,051.00down ₹23.90 (1.15%)BSE ₹2,049.30

Share price at the NSE close on 23 Oct 2026. Previous close ₹2,074.90.

52-week range of traded prices to 23 Oct 2026
₹2,013.00Low, 23 Oct 2026₹3,832.90High, 10 Nov 2025
Market cap
₹31,117 Cr205th largest listed
P/E
26.7
P/B
2.8
Dividend yield
0.73%
ROE
10.9%
ROCE
9.9%
Debt to equity
0.02
Volume, NSE
2,76,99242.2% delivered

PI Industries 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

  • ChairpersonNarayan Keelveedhi Seshadri
  • Managing directorMayank Singhal
  • Company Secretary and Compliance OfficerShruti Joshi

11 directors4 independent2 executive5 non-executive

  • Narayan Keelveedhi Seshadri · ChairpersonNon-executive · joined Sep 2022 · reappointed Aug 2024 · 6 listed boards · 4 as independent · 8 committee seats, 5 as chair
  • Mayank Singhal · Managing directorExecutive · joined Sep 1998 · reappointed Oct 2025 · 1 listed board
  • Rajnish SarnaNon-executive · joined Nov 2012 · reappointed May 2026 · 1 listed board · 1 committee seat
  • Arvind SinghalNon-executive · joined Oct 2016 · reappointed Aug 2023 · 1 listed board
  • T.S BalganeshNon-executive · joined Sep 2025 · reappointed Sep 2025 · 1 listed board · 1 committee seat, 1 as chair
  • Lisa J. BrownIndependent · joined Aug 2020 · reappointed Sep 2025 · 70 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Shobinder DuggalIndependent · joined Nov 2021 · reappointed Nov 2021 · 55 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 4 as chair
  • Pia SinghIndependent · joined Aug 2022 · reappointed Aug 2022 · 46 months as independent · 2 listed boards · 1 as independent · 1 committee seat
  • Rafael Del Rio DonosoNon-executive · joined Feb 2024 · reappointed Feb 2024 · 1 listed board
  • Vegulaparanan Kasi ViswanathanIndependent · joined May 2025 · reappointed May 2025 · 13 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • Atul Kumar GuptaExecutive · joined May 2026 · reappointed May 2026 · 1 listed board

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

Committees and meetings

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

  • Board

    • 23 Jun 20269 of 11 present2 independent · 34 days in between
    • 19 May 20269 of 10 present4 independent · 66 days in between
    • 13 Mar 20269 of 10 present4 independent · 28 days in between
    • 12 Feb 202610 of 10 present4 independent

  • Audit Committee

    Chair Shobinder Duggal

    Narayan Keelveedhi Seshadri, Lisa J. Brown, Pia Singh, Vegulaparanan Kasi Viswanathan

    • 19 May 20265 of 5 present4 independent · 66 days in between
    • 13 Mar 20265 of 5 present4 independent · 28 days in between
    • 12 Feb 20264 of 5 present3 independent

  • Nomination and remuneration committee

    Chair Lisa J. Brown

    Narayan Keelveedhi Seshadri, Pia Singh, Vegulaparanan Kasi Viswanathan

    • 18 May 20264 of 4 present3 independent · 67 days in between
    • 11 Mar 20264 of 4 present3 independent · 46 days in between

  • Stakeholders Relationship Committee

    Chair T.S Balganesh

    Shobinder Duggal, Rajnish Sarna

    • 11 Mar 20263 of 3 present1 independent

  • Risk Management Committee

    Chair Mayank Singhal

    Narayan Keelveedhi Seshadri, Rajnish Sarna, Shobinder Duggal

    • 23 Jan 20264 of 4 present1 independent

  • Corporate Social Responsibility Committee

    Chair Pia Singh

    Mayank Singhal, Rajnish Sarna, Vegulaparanan Kasi Viswanathan

    • 18 May 20264 of 4 present2 independent · 67 days in between
    • 11 Mar 20263 of 4 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Price waterhouse chartered Accountants LLPPeer-review certificate valid to Nov 2026
1 earlier auditor
  • Price Waterhouse Chartered Accountant LLPNamed in the filing for the quarter to Mar 2025

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

PI Industries 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.PI Industries dividend history

Annual general meeting, 14 Aug 2026

1,44,334 shareholders on the register on 7 Aug 2026; present: 8 promoters and 80 others; votes counted by Ashish Kumar Friends / A.K. Friends & Company.The company's voting result (opens in a new tab)

  1. To consider and adopt the financial statements (standalone and consolidated) of the Company for the financial year ended March 31, 2026, together with the reports of Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 90.39% · promoters 100.00% · institutions 93.40% · other public 8.47%

  2. To confirm the payment of Interim Dividend of Rs. 5.00 per equity share of face value of Re. 1.00 each and to declare Final Dividend of Rs. 10.00 per equity share of face value of Re. 1.00 each for the financial year ended March 31, 2026.MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.05% · other public 0.01%

    Turnout: all 90.41% · promoters 100.00% · institutions 93.45% · other public 8.47%

  3. To appoint a director in place of Mr. Rafael Del Rio Donoso (DIN: 08105128), who retires by rotation and being eligible, offers his candidature for re-appointment.
    Ordinary
    90.94% for9.06% against

    Against: promoters 0.00% · institutions 18.74% · other public 0.15%

    Turnout: all 90.38% · promoters 100.00% · institutions 93.37% · other public 8.47%

  4. Non-filling of vacancy caused by retirement of Mr. Arvind Singhal (DIN: 00092425), Non-Executive Non-Independent Director
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 90.41% · promoters 100.00% · institutions 93.45% · other public 8.47%

  5. Ratification of remuneration payable to Cost Auditor for the financial year 2026-27
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 90.41% · promoters 100.00% · institutions 93.45% · other public 8.47%

  6. Remuneration payable to Mr. Rafael Del Rio Donoso (DIN: 08105128), a Non-Executive Non-Independent Director of the Company
    Ordinary
    84.37% for15.63% against

    Against: promoters 0.00% · institutions 32.32% · other public 0.15%

    Turnout: all 90.41% · promoters 100.00% · institutions 93.45% · other public 8.47%

  7. Appointment of Dr. Atul Kumar Gupta (DIN: 10087955) as a Director and Whole Time Director of the Company
    Special
    99.02% for0.98% against

    Against: promoters 0.00% · institutions 2.03% · other public 0.12%

    Turnout: all 90.41% · promoters 100.00% · institutions 93.45% · other public 8.47%

  8. Re-appointment of Mr. Shobinder Duggal (DIN: 00039580) as an Independent Director of the Company
    Special
    99.47% for0.53% against

    Against: promoters 0.00% · institutions 1.11% · other public 0.12%

    Turnout: all 89.86% · promoters 100.00% · institutions 92.25% · other public 8.47%

  9. Re-appointment of Ms. Pia Singh (DIN: 00067233) as an Independent Director of the Company
    Special
    90.47% for9.53% against

    Against: promoters 0.00% · institutions 19.71% · other public 0.01%

    Turnout: all 90.41% · promoters 100.00% · institutions 93.45% · other public 8.47%

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, 14 Aug 2025, 10 resolutions

1,50,596 shareholders on the register on 7 Aug 2025; present: 8 promoters and 120 others; votes counted by Ashish Kumar Friends / A.K. Friends & Company.The company's voting result (opens in a new tab)

  1. To consider and adopt the financial statements (standalone and consolidated) of the Company for the financial year ended March 31, 2025, together with the reports of Board of Directors and Auditors thereonMoreLess
    Ordinary
    99.97% for0.03% against

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

    Turnout: all 89.10% · promoters 100.00% · institutions 91.50% · other public 7.97%

  2. To confirm the payment of Interim Dividend of Rs.6.00 per equity share of face value of Re. 1.00 each and to declare Final Dividend of Rs.10.00 per equity share of face value of Re.1.00 each for the financial year ended March 31, 2025MoreLess
    Ordinary
    99.89% for0.11% against

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

    Turnout: all 89.12% · promoters 100.00% · institutions 91.55% · other public 7.97%

  3. To appoint a director in place of Mr. Rajnish Sarna (DIN: 06429468), who retires by rotation and being eligible, offers his candidature for re-appointment
    Ordinary
    98.38% for1.62% against

    Against: promoters 0.00% · institutions 3.40% · other public 0.00%

    Turnout: all 89.12% · promoters 100.00% · institutions 91.55% · other public 7.97%

  4. Ratification of remuneration payable to Cost Auditor for the financial year 2025-26
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 89.11% · promoters 100.00% · institutions 91.52% · other public 7.97%

  5. Appointment of M/s. Makarand M. Joshi & Co., Company Secretaries, (Firm Registration Number: P2009MH007000) as Secretarial Auditors of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 89.12% · promoters 100.00% · institutions 91.55% · other public 7.97%

  6. Re-appointment of Mr. Mayank Singhal, (DIN: 00006651) as Vice Chairperson & Managing Director of the Company
    SpecialPromoters have an interest in it
    82.04% for17.96% against

    Against: promoters 0.00% · institutions 37.71% · other public 1.36%

    Turnout: all 89.11% · promoters 100.00% · institutions 91.53% · other public 7.97%

  7. Re-appointment of Mr. Rajnish Sarna, (DIN: 06429468) as Joint Managing Director of the Company
    Special
    89.33% for10.67% against

    Against: promoters 0.00% · institutions 22.42% · other public 0.00%

    Turnout: all 89.11% · promoters 100.00% · institutions 91.53% · other public 7.97%

  8. Re-appointment of Ms. Lisa J. Brown (DIN: 07053317), as an Independent Director
    Special
    96.14% for3.86% against

    Against: promoters 0.00% · institutions 8.09% · other public 1.37%

    Turnout: all 89.12% · promoters 100.00% · institutions 91.55% · other public 7.97%

  9. Appointment of Mr. Vegulaparanan Kasi Viswanathan (DIN: 01782934) as an Independent Director of the Company
    Special
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.35% · other public 0.02%

    Turnout: all 89.12% · promoters 100.00% · institutions 91.55% · other public 7.97%

  10. Appointment of Dr. Tanjore Soundararajan Balganesh (DIN: 00648534) as a Non-Executive Non-Independent Director of the Company
    Ordinary
    96.30% for3.70% against

    Against: promoters 0.00% · institutions 7.75% · other public 1.37%

    Turnout: all 89.11% · promoters 100.00% · institutions 91.53% · other public 7.97%

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, 27 Aug 2024, 6 resolutions

Present: 6 promoters and 91 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the standalone and consolidated financial statements of the Company for the financial year ended March 31, 2024, together with the reports of Board of Directors and Auditors thereon.MoreLess
    Ordinary
    99.92% for0.08% against

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

    Turnout: all 85.03% · promoters 99.99% · institutions 85.62% · other public 3.09%

  2. To confirm the payment of Interim Dividend of Rs. 6/- per equity share of face value of Re. 1/- each and to declare Final Dividend on equitynshares for the financial year ended March 31, 2024.
    Ordinary
    99.68% for0.32% against

    Against: promoters 0.00% · institutions 0.70% · other public 0.03%

    Turnout: all 86.44% · promoters 99.99% · institutions 88.75% · other public 3.09%

  3. To appoint a Director in place of Mr. Narayan K Seshadri (DIN: 00053563), who retires by rotation and being eligible, offers his candidature for re-appointment.
    Ordinary
    95.54% for4.46% against

    Against: promoters 0.00% · institutions 9.73% · other public 0.25%

    Turnout: all 85.51% · promoters 99.99% · institutions 86.69% · other public 3.09%

  4. Ratification of remuneration payable to Cost Auditor for the financial year 2024-25.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 86.41% · promoters 99.99% · institutions 88.68% · other public 3.09%

  5. Payment of commission to Non-Executive Directors of the Company for a period of next 5 years commencing from financial year 2024-25 within limits specified under Section 197 of the Companies Act, 2013.MoreLess
    Ordinary
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 0.34% · other public 0.50%

    Turnout: all 85.51% · promoters 99.99% · institutions 86.69% · other public 3.09%

  6. Payment of remuneration by way of commission to Mr. Narayan K Seshadri (DIN: 00053563), Non-Executive Non-Independent Chairperson.
    Special
    89.35% for10.65% against

    Against: promoters 0.00% · institutions 23.25% · other public 0.51%

    Turnout: all 85.51% · promoters 99.99% · institutions 86.69% · other public 3.09%

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, 19 Apr 2024, 1 resolution

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

  1. Appointment of Mr. Rafael Del Rio Donoso (DIN: 08105128) as a Non-Executive Non-nIndependent Director of the Company
    Ordinary
    96.71% for3.29% against

    Against: promoters 0.00% · institutions 7.37% · other public 0.87%

    Turnout: all 85.09% · promoters 100.00% · institutions 88.06% · other public 9.88%

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.

Annual general meeting, 17 Aug 2023, 5 resolutions

Present: 10 promoters and 76 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the standalone and consolidated financial statements of the Company for the financial year ended March 31, 2023, together with the Board and Auditors’ Reports thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 84.56% · promoters 100.00% · institutions 86.33% · other public 27.13%

  2. To confirm the payment of Interim Dividend of Rs.4.50 per equity share of face value of Re. 1/- each and to declare Final Dividend on equity shares for the financial year ended March 31, 2023
    Ordinary
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.21% · other public 0.02%

    Turnout: all 85.69% · promoters 100.00% · institutions 89.15% · other public 27.14%

  3. To appoint a Director in place of Mr. Arvind Singhal (DIN: 00092425), who retires by rotation and being eligible, offers his candidature for re-appointment.
    Ordinary
    97.90% for2.10% against

    Against: promoters 0.00% · institutions 4.89% · other public 0.05%

    Turnout: all 83.86% · promoters 100.00% · institutions 89.15% · other public 13.70%

  4. Ratification of remuneration to Cost Auditor for the financial year 2023-24
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 85.66% · promoters 100.00% · institutions 89.06% · other public 27.13%

  5. Payment of remuneration by way of commission to Mr. Narayan K Seshadri (DIN: 00053563), Non-Executive Non Independent Chairperson
    Special
    86.89% for13.11% against

    Against: promoters 0.00% · institutions 31.62% · other public 0.03%

    Turnout: all 85.04% · promoters 100.00% · institutions 87.54% · other public 27.13%

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, 3 Sep 2022, 12 resolutions

Present: 11 promoters and 69 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (both Standalone and Consolidated) of the Company for the financial year ended March 31, 2022 and the Report of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 84.42% · promoters 100.00% · institutions 84.57% · other public 43.49%

  2. To confirm the payment of Interim Dividend and to declare Final Dividend on equity shares for the financial year ended March 31, 2022.
    Ordinary
    99.93% for0.07% against

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

    Turnout: all 85.94% · promoters 100.00% · institutions 88.85% · other public 43.51%

  3. To appoint a Director in place of Mr. Rajnish Sarna (DIN: 06429468), who retires by rotation, and being eligible, offers himself for re-appointment.
    Ordinary
    97.58% for2.42% against

    Against: promoters 0.00% · institutions 6.63% · other public 0.01%

    Turnout: all 85.93% · promoters 100.00% · institutions 88.85% · other public 43.49%

  4. Re-appointment of M/s. Price Waterhouse Chartered Accountants LLP, as Statutory Auditors.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 85.93% · promoters 100.00% · institutions 88.85% · other public 43.49%

  5. Ratification of Cost Auditors’ Remuneration.
    Ordinary
    99.81% for0.19% against

    Against: promoters 0.00% · institutions 0.51% · other public 0.01%

    Turnout: all 85.93% · promoters 100.00% · institutions 88.85% · other public 43.49%

  6. Appointment of Mr. Narayan K. Seshadri as Non-Executive Non Independent Director.
    Ordinary
    95.47% for4.53% against

    Against: promoters 0.00% · institutions 12.40% · other public 0.01%

    Turnout: all 85.93% · promoters 100.00% · institutions 88.85% · other public 43.49%

  7. Continuation of Mr. Arvind Singhal as a Non-Executive Non Independent Director of the Company on completion of 75 years of age.
    Special
    89.21% for10.79% against

    Against: promoters 0.00% · institutions 29.56% · other public 0.01%

    Turnout: all 85.90% · promoters 100.00% · institutions 88.77% · other public 43.49%

  8. Appointment of Mr. Shobinder Duggal (DIN: 00039580) as an Independent Director.
    Special
    99.59% for0.41% against

    Against: promoters 0.00% · institutions 1.11% · other public 0.02%

    Turnout: all 85.90% · promoters 100.00% · institutions 88.77% · other public 43.49%

  9. Appointment of Ms. Pia Singh (DIN: 00067233) as an Independent Director.
    Special
    99.69% for0.31% against

    Against: promoters 0.00% · institutions 0.85% · other public 0.02%

    Turnout: all 85.90% · promoters 100.00% · institutions 88.77% · other public 43.49%

  10. Re-appointment of Mr. Mayank Singhal (DIN: 00006651) as Vice Chairperson & Managing Director of the Company.
    Special
    90.34% for9.66% against

    Against: promoters 0.00% · institutions 26.38% · other public 0.27%

    Turnout: all 85.93% · promoters 100.00% · institutions 88.85% · other public 43.46%

  11. Re-appointment of Mr. Rajnish Sarna (DIN: 06429468) as Joint Managing Director of the Company.
    Special
    91.12% for8.88% against

    Against: promoters 0.00% · institutions 24.24% · other public 0.27%

    Turnout: all 85.93% · promoters 100.00% · institutions 88.85% · other public 43.49%

  12. Payment of remuneration by way of commission to Mr. Narayan K. Seshadri (DIN: 00053563), as Non-Executive Independent Chairperson of the Company.
    Special
    98.55% for1.45% against

    Against: promoters 0.00% · institutions 3.98% · other public 0.02%

    Turnout: all 85.93% · promoters 100.00% · institutions 88.85% · other public 43.49%

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, 14 Sep 2021, 8 resolutions

Present: 6 promoters and 93 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (both Standalone and Consolidated) of the Company for the financial year ended March 31, 2021 and the Report of Directors and Auditor thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.12% · promoters 100.00% · institutions 81.25% · other public 31.82%

  2. To confirm the payment of Interim Dividend and to declare Final Dividend on equity shares for the financial year ended March 31, 2021.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 83.74% · promoters 100.00% · institutions 85.59% · other public 31.82%

  3. To appoint a Director in place of Dr. Raman Ramachandran (DIN: 00200297), who retires by rotation, and being eligible, offers himself for re- appointment.
    Ordinary
    98.64% for1.36% against

    Against: promoters 0.00% · institutions 3.61% · other public 0.01%

    Turnout: all 83.09% · promoters 100.00% · institutions 83.84% · other public 31.82%

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

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

    Turnout: all 83.74% · promoters 100.00% · institutions 85.59% · other public 31.82%

  5. Elevation of the position held by Mr. Rajnish Sarna (DIN: 06429468) from Whole-time Director to Joint Managing Director of the Company w.e.f. May 18, 2021.
    Ordinary
    87.59% for12.41% against

    Against: promoters 0.00% · institutions 32.56% · other public 0.02%

    Turnout: all 83.73% · promoters 100.00% · institutions 85.59% · other public 31.78%

  6. Appointment of Dr. K.V.S. Ram Rao (DIN: 08874100) as Director of the Company.
    Ordinary
    92.57% for7.43% against

    Against: promoters 0.00% · institutions 19.74% · other public 0.02%

    Turnout: all 83.09% · promoters 100.00% · institutions 83.84% · other public 31.82%

  7. Appointment of Dr. K.V.S. Ram Rao (DIN: 08874100) as a Whole-time Director of the Company.
    Special
    90.04% for9.96% against

    Against: promoters 0.00% · institutions 27.20% · other public 0.03%

    Turnout: all 81.75% · promoters 100.00% · institutions 80.26% · other public 31.82%

  8. Payment of remuneration by way of commission to Mr. Narayan K. Seshadri (DIN: 00053563), a Non-Executive Independent Chairperson of the Company.
    Special
    99.11% for0.89% against

    Against: promoters 0.00% · institutions 2.42% · other public 0.03%

    Turnout: all 81.75% · promoters 100.00% · institutions 80.26% · other public 31.82%

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

Meeting called by the tribunal, 6 Feb 2021, 1 resolution

Present: 6 promoters and 68 others.The company's voting result (opens in a new tab)

  1. Approval of the Scheme of Amalgamation of Isagro (Asia) Agrochemicals Private Limited (“Transferor Company”) with PI Industries Limited (“Transferee Company”) and their respective shareholders.
    Special
    100.00% for0.00% against

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

    Turnout: all 78.90% · promoters 100.00% · institutions 79.27% · other public 12.55%

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 14 Aug 2026, 11 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To consider and adopt the financial statements (standalone and consolidated) of the Company for the financial year ended March 31, 2026, together with the reports of Board of Directors and Auditors thereon.MoreLess
    11 for0 against
  • To confirm the payment of Interim Dividend of Rs. 5.00 per equity share of face value of Re. 1.00 each and to declare Final Dividend of Rs. 10.00 per equity share of face value of Re. 1.00 each for the financial year ended March 31, 2026.MoreLess
    11 for0 against
  • To appoint a director in place of Mr. Rafael Del Rio Donoso (DIN: 08105128), who retires by rotation and being eligible, offers his candidature for re-appointment.
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund
    • Angel One Mutual FundGovernance concern: Significant difference in proposed remuneration among the Non-Executive Directors and not disclosed the basis for determining the proposed remuneration.
    • Edelweiss Mutual Fund, Navi Mutual Fund, PGIM India Mutual FundCompliant with law. Governance concern: Significant difference in proposed remuneration among the NEDs and not disclosed the basis for determining the proposed remuneration for Mr. Donoso.
    7 for4 against
  • Non-filling of vacancy caused by retirement of Mr. Arvind Singhal (DIN: 00092425), Non-Executive Non-Independent Director
    11 for0 against
  • Ratification of remuneration payable to Cost Auditor for the financial year 2026-27
    11 for0 against
  • Remuneration payable to Mr. Rafael Del Rio Donoso (DIN: 08105128), a Non-Executive Non-Independent Director of the Company
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Sundaram Mutual Fund
    • Angel One Mutual FundGovernance concern: Significant difference in proposed remuneration among the Non-Executive Directors and not disclosed the basis for determining the proposed remuneration.
    • Edelweiss Mutual Fund, Navi Mutual Fund, PGIM India Mutual FundCompliant with law. Governance concern: Significant difference in proposed remuneration among the NEDs and not disclosed the basis for determining the proposed remuneration for Mr. Donoso.
    • Jio BlackRock Mutual Fund, Sundaram Mutual FundWe estimate his remuneration at Rs. 38.8 mn to Rs. 57.2 mn, excluding sitting fees. The company had stated in the postal ballot notice dated 19 April 2024 that he would not be entitled to any stock options. The proposed remuneration is reasonable considering his experience and responsibilities, however, although he is liable to retire by rotation, the company has not specified a specific tenure for payment of remuneration. We do not support resolutions in perpetuity: shareholders must get a chance to periodically review such payments and we expect the remuneration to be capped for a specified tenure. We do not support this resolution.
    5 for6 against
  • Appointment of Dr. Atul Kumar Gupta (DIN: 10087955) as a Director and Whole Time Director of the Company
    11 for0 against
  • Re-appointment of Mr. Shobinder Duggal (DIN: 00039580) as an Independent Director of the Company
    11 for0 against
  • Re-appointment of Ms. Pia Singh (DIN: 00067233) as an Independent Director of the Company
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund
    • Angel One Mutual FundGovernance concern: Nomination & Remuneration Committees member is accountable for Skewed Remuneration to Promoter Executive Director. Low attendance at Audit Committee meetings for FY 2025-26.
    • Edelweiss Mutual Fund, Navi Mutual Fund, PGIM India Mutual FundCompliant with law. No concern on the merits of Director. Governance concern: NRC member is accountable for Skewed Remuneration to Promoter ED. Low attendance at Audit Committee meetings for FY 2025-26.
    7 for4 against

Mutual fund votes, meeting of 14 Aug 2025, 29 fund houses

  • To consider and adopt the financial statements (standalone and consolidated) of the Company for the financial year ended March 31, 2025, together with the reports of Board of Directors and Auditors thereonMoreLess
    29 for0 against
  • To confirm the payment of Interim Dividend of Rs.6.00 per equity share of face value of Re. 1.00 each and to declare Final Dividend of Rs.10.00 per equity share of face value of Re.1.00 each for the financial year ended March 31, 2025MoreLess
    29 for0 against
  • To appoint a director in place of Mr. Rajnish Sarna (DIN: 06429468), who retires by rotation and being eligible, offers his candidature for re-appointment
    29 for0 against
  • Ratification of remuneration payable to Cost Auditor for the financial year 2025-26
    29 for0 against
  • Appointment of M/s. Makarand M. Joshi & Co., Company Secretaries, (Firm Registration Number: P2009MH007000) as Secretarial Auditors of the Company
    29 for0 against
  • Re-appointment of Mr. Mayank Singhal, (DIN: 00006651) as Vice Chairperson & Managing Director of the Company
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund
    • Angel One Mutual FundGovernance Concerns: Skewed remuneration practice, no absolute cap on variable pay.
    • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. Governance Concerns: Skewed remuneration practice, no absolute cap on variable pay.
    • HSBC Mutual FundThe circular lacks disclosures on the performance metrics and (threshold and target) performance that the executive need to be achieved based on which payouts under commission element will be made. His pay is competitively positioned when compared to market peers and industry standard. His remuneration is open ended and does not have an absolute cap.
    • PPFAS Mutual FundSkewed remuneration practice, no absolute cap on variable pay
    21 for8 against
  • Re-appointment of Mr. Rajnish Sarna, (DIN: 06429468) as Joint Managing Director of the Company
    Against HSBC Mutual Fund
    • HSBC Mutual FundThe circular lacks disclosures on the performance metrics and (threshold and target) performance that the executive need to be achieved based on which payouts under commission element will be made. His pay is competitively positioned when compared to market peers and industry standard. His remuneration is open ended and does not have an absolute cap.
    28 for1 against
  • Re-appointment of Ms. Lisa J. Brown (DIN: 07053317), as an Independent Director
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund
    • Angel One Mutual FundProposed appointment for five years would lead to total tenure of more than 10 years for Independent Director; Governance concern: Nomination and Remuneration Committee Chairperson and Skewed Remuneration to Promoter Executive Directors.
    • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNo concern on the merit of proposed appointee. Non-Compliance: Proposed appointment for five years would lead to total tenure of more than 10 years for ID, which is not in accordance with the Companies Act, 2013; Governance concern: NRC Chairperson and Skewed Remuneration to Promoter ED.
    • Kotak Mahindra Mutual FundMs. Lisa J Brown, 47, is former Chief Legal Officer and Company Secretary, WABCO Holdings Inc. She has over two decades of experience in diverse sectors including, industrial, technology, consumer etc. with expertise in IP management, compliance, risk assessment and corporate restructuring. She was appointed as an Additional Director on 4 August 2020. Further, she was appointed as an Independent Director w.e.f. 25th September, 2020 for a period of five years till 25th September, 2025. Now the Company has proposed her re-appointment for second term of five year effective from. 25th September, 2025 till 24th September, 2029. As per her first appointment date, Ms. Lisa J Brown will complete the tenure of 10 years on 3rd August, 2025. Therefore, due to proposed appointment till 24th September, 2030; her total association with the Company will exceed the 10 years period. Hence, we do not support the resolution.
    • Nippon India Mutual FundNon-Compliance: Proposed appointment for five years would lead to total tenure of more than 10 years for ID, which is not in accordance with the Companies Act, 2013; Governance concern: NRC Chairperson and Skewed Remuneration to Promoter ED.
    • PPFAS Mutual FundProposed appointment would lead to total tenure of more than 10 years with the Company; NRC Chairperson and Skewed Remuneration to Promoter ED
    20 for9 against
  • Appointment of Mr. Vegulaparanan Kasi Viswanathan (DIN: 01782934) as an Independent Director of the Company
    29 for0 against
  • Appointment of Dr. Tanjore Soundararajan Balganesh (DIN: 00648534) as a Non-Executive Non-Independent Director of the Company
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund
    • Angel One Mutual FundGovernance Concern: Existing term ongoing as Independent Director and proposed as Non-Executive-Non-Independent Director immediately after completing tenure as Independent Director. Cooling off period of 1-year not served after completion of term as Independent Director. Appointment as Non-Independent Director raises question over his independence as Independent Director; Nomination and Remuneration Committee Member and Skewed Remuneration to Promoter Executive Director.
    • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with Law. Governance Concern: Existing term ongoing as ID and proposed as NE-NID immediately after completing tenure as ID. Cooling off period of 1-year not served after completion of term as ID. Appointment as Non-Independent Director raises question over his independence as ID; NRC Member and Skewed Remuneration to Promoter ED.
    • Nippon India Mutual FundGovernance Concern: Existing term ongoing as ID and proposed as NE-NID immediately after completing tenure as ID.
    • PPFAS Mutual FundNo cooling off period served from ID to NED; NRC Member and Skewed Remuneration to Promoter ED
    21 for8 against
6 earlier meetings

Mutual fund votes, meeting of 27 Aug 2024, 29 fund houses

  • To consider and adopt the standalone and consolidated financial statements of the Company for the financial year ended March 31, 2024, together with the reports of Board of Directors and Auditors thereon.MoreLess
    29 for0 against
  • To confirm the payment of Interim Dividend of Rs. 6/- per equity share of face value of Re. 1/- each and to declare Final Dividend on equitynshares for the financial year ended March 31, 2024.
    29 for0 against
  • To appoint a Director in place of Mr. Narayan K Seshadri (DIN: 00053563), who retires by rotation and being eligible, offers his candidature for re-appointment.
    Against Groww Mutual Fund, JM Financial Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund
    • Groww Mutual Fund, JM Financial Mutual FundCompliant with law. Governance concern: No cooling off period of 1 year served after completion of term as ID. Appointment as NED will raise question over his independence in the previous term as ID
    • PPFAS Mutual FundNo cooling off served.
    • Zerodha Mutual FundGovernance concern: No cooling off period of 1 year served after completion of term as Independent Director. Appointment as Non-Executive Director will raise question over his independence in the previous term as Independent Director.
    25 for4 against
  • Ratification of remuneration payable to Cost Auditor for the financial year 2024-25.
    29 for0 against
  • Payment of commission to Non-Executive Directors of the Company for a period of next 5 years commencing from financial year 2024-25 within limits specified under Section 197 of the Companies Act, 2013.MoreLess
    Against Groww Mutual Fund, JM Financial Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund
    • Groww Mutual Fund, JM Financial Mutual FundCompliant with law. Governance concern: No Absolute Cap on payment of commission. Skewed remuneration practice in the past.
    • PPFAS Mutual FundSignificantly higher commission than other NEDs.
    • Zerodha Mutual FundGovernance concern: No Absolute Cap on payment of commission. Skewed remuneration practice in the past.
    25 for4 against
  • Payment of remuneration by way of commission to Mr. Narayan K Seshadri (DIN: 00053563), Non-Executive Non-Independent Chairperson.
    Against Baroda BNP Paribas Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, JM Financial Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund
    • Baroda BNP Paribas Mutual Fund, Groww Mutual FundCompliant with law. Governance concern: commission proposed to be paid significantly higher than other NEDs. Skewed remuneration practices and Director part of NRC.
    • HSBC Mutual FundA vote AGAINST this resolution is warranted because: • The proposed quantum of remuneration is deemed high for a non-executive role and the pay structure comprises a fixed element, which is more indicative of an executive role within the company. • There is insufficient justification for Narayan K Seshadri's pay level, which is in line with payout paid to the CFO of the company. • His proposed commission is more than seven times the average commission paid to other nonexecutive directors. • The company has not provided compelling rationale for increasing the quantum of the proposed remuneration significantly, in a period of just one year. • The articulated role of the nominee is generic in nature and reflects the expected duty of any nonexecutive director. • There is a material conflict of interest inherent in the proposed transaction.
    • JM Financial Mutual FundCompliant with law. Governance concern: commission proposed to be paid significantly higher than other Non- Executive Directors. Skewed remuneration practices and Director part of Nomination and Remuneration Committee.
    • PPFAS Mutual FundNo Absolute Cap on Commission. Skewed remuneration practices.
    • Zerodha Mutual FundGovernance concern: commission proposed to be paid significantly higher than other Non-Executive Directors. Skewed remuneration practices and Director part of NRC.
    23 for6 against

Mutual fund votes, meeting of 19 Apr 2024, 29 fund houses

  • Appointment of Mr. Rafael Del Rio Donoso (DIN: 08105128) as a Non-Executive Non-nIndependent Director of the Company
    29 for0 against

Mutual fund votes, meeting of 17 Aug 2023, 24 fund houses

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

  • To consider and adopt the standalone and consolidated financial statements of the Company for the financial year ended March 31, 2023, together with the Board and Auditors’ Reports thereon.
    24 for0 against
  • To confirm the payment of Interim Dividend of Rs.4.50 per equity share of face value of Re. 1/- each and to declare Final Dividend on equity shares for the financial year ended March 31, 2023
    24 for0 against
  • To appoint a Director in place of Mr. Arvind Singhal (DIN: 00092425), who retires by rotation and being eligible, offers his candidature for re-appointment.
    Against Motilal Oswal Mutual Fund, Nippon India Mutual Fund, PGIM India Mutual Fund
    • Motilal Oswal Mutual Fund, PGIM India Mutual FundNo concern on the merit of appointee. Appointment is non-compliant with law. Director appointment beyond 75 years of age proposed through ordinary resolution.
    • Nippon India Mutual FundOrdinary resolution for director above 75 years age
    21 for3 against
  • Ratification of remuneration to Cost Auditor for the financial year 2023-24
    24 for0 against
  • Payment of remuneration by way of commission to Mr. Narayan K Seshadri (DIN: 00053563), Non-Executive Non Independent Chairperson
    Against Franklin Templeton Mutual Fund, HSBC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, PGIM India Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted because: • The proposed quantum of remuneration is deemed high for a non-executive role and the pay structure comprises a fixed element, which is more indicative of an executive role within the company. • There is insufficient justification for Narayan K Seshadri's pay level, which is in line with payout paid to the CFO of the company. • His proposed remuneration is more than seven times the average commission paid to other non executive directors. • The company has not provided compelling rationale for increasing the quantum of the proposed remuneration significantly, in a period of just one year. • The articulated role of the nominee is generic in nature and reflects the expected duty of any non executive director. • There is a material conflict of interest inherent in the proposed transaction.
    • HSBC Mutual FundNon-executive directors participate in performance-based incentive schemes.The proposed quantum of remuneration is deemed high for a non-executive role and the pay structure comprises a fixed element, which is more indicative of an executive role within the company.There is insufficient justification for Narayan K Seshadri's pay level, which is in line with payout paid to the CFO of the company.His proposed remuneration is more than seven times the average commission paid to other non-executive directors.The company has not provided compelling rationale for increasing the quantum of the proposed remuneration significantly, in a period of just one year.The articulated role of the nominee is generic in nature and reflects the expected duty of any non-executive director.There is a material conflict of interest inherent in the proposed transaction.
    • Motilal Oswal Mutual FundCompliant with law. Governance Concern: Commission proposed to be paid significantly higher than other NED's commission.
    • Nippon India Mutual FundCommission is high
    • PGIM India Mutual FundCompliant with law. Governance Concern: Commission proposed to be paid significantly higher than other NED s commission.
    19 for5 against
1 proposal not matched to one resolution
  • To approve, revision in audit fees of & Co. Chartered accountants LLP
    1 for0 against

Mutual fund votes, meeting of 3 Sep 2022, 22 fund houses

  • To receive, consider and adopt the Audited Financial Statements (both Standalone and Consolidated) of the Company for the financial year ended March 31, 2022 and the Report of Directors and Auditors thereon.MoreLess
    22 for0 against
  • To confirm the payment of Interim Dividend and to declare Final Dividend on equity shares for the financial year ended March 31, 2022.
    22 for0 against
  • To appoint a Director in place of Mr. Rajnish Sarna (DIN: 06429468), who retires by rotation, and being eligible, offers himself for re-appointment.
    22 for0 against
  • Re-appointment of M/s. Price Waterhouse Chartered Accountants LLP, as Statutory Auditors.
    22 for0 against
  • Ratification of Cost Auditors’ Remuneration.
    Against Baroda BNP Paribas Mutual Fund
    • Baroda BNP Paribas Mutual FundCost Audit fees significantly lower than the minimum suggested fees by ICAI
    21 for1 against
  • Appointment of Mr. Narayan K. Seshadri as Non-Executive Non Independent Director.
    Against Baroda BNP Paribas Mutual Fund, Nippon India Mutual Fund
    • Baroda BNP Paribas Mutual FundGovernance concern: No cooling off period of 1 year served after completion of term as ID. Appointment as NED will raise question over his independence in the previous term as ID
    • Nippon India Mutual FundAssociation may adversely impact independence in the previous term as ID
    20 for2 against
  • Continuation of Mr. Arvind Singhal as a Non-Executive Non Independent Director of the Company on completion of 75 years of age.
    Against Franklin Templeton Mutual Fund, HSBC Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST the following nominee is warranted because: • Arvind Singhal has failed to attend at least 75 percent of board and committee meetings in the most recent fiscal year, without a satisfactory explanation.
    • HSBC Mutual FundA vote against this resolution is warranted as it is a case of re-election of NED who did not attended at least 75% of the Board meetings for which they were eligible over the preceding year without adequate justification.
    20 for2 against
  • Appointment of Mr. Shobinder Duggal (DIN: 00039580) as an Independent Director.
    Against Baroda BNP Paribas Mutual Fund, Nippon India Mutual Fund
    • Baroda BNP Paribas Mutual Fundproposed term of appointment is not according with the law
    • Nippon India Mutual FundProposed term may exceed 5 years
    20 for2 against
  • Appointment of Ms. Pia Singh (DIN: 00067233) as an Independent Director.
    Against Baroda BNP Paribas Mutual Fund, Nippon India Mutual Fund
    • Baroda BNP Paribas Mutual Fundproposed term of appointment is not according with the law
    • Nippon India Mutual FundProposed term may exceed 5 years
    20 for2 against
  • Re-appointment of Mr. Mayank Singhal (DIN: 00006651) as Vice Chairperson & Managing Director of the Company.
    Against Baroda BNP Paribas Mutual Fund, HSBC Mutual Fund, Mirae Asset Mutual Fund
    • Baroda BNP Paribas Mutual FundCompliant with law. Governance Concerns: Skewed remuneration practice, no absolute cap on variable pay
    • HSBC Mutual FundA vote against this resolution is desired as: the company has not disclosed the commission rate which the executives will be entitled to receive or the performance metrics on which such element would be based. This could lead to discretionary payouts. - Their estimated pay is aggressively positioned when compared to market peers and industry standard. - There is lack of sufficient justification for the proposed minimum remuneration in the event of loss or inadequacy of profits.
    • Mirae Asset Mutual FundNo provision to cap remuneration in the resolution
    19 for3 against
  • Re-appointment of Mr. Rajnish Sarna (DIN: 06429468) as Joint Managing Director of the Company.
    Against HSBC Mutual Fund
    • HSBC Mutual FundA vote against this resolution is desired as: the company has not disclosed the commission rate which the executives will be entitled to receive or the performance metrics on which such element would be based. This could lead to discretionary payouts. - Their estimated pay is aggressively positioned when compared to market peers and industry standard. - There is lack of sufficient justification for the proposed minimum remuneration in the event of loss or inadequacy of profits.
    21 for1 against
  • Payment of remuneration by way of commission to Mr. Narayan K. Seshadri (DIN: 00053563), as Non-Executive Independent Chairperson of the Company.
    Against Baroda BNP Paribas Mutual Fund, HSBC Mutual Fund, Nippon India Mutual Fund
    • Baroda BNP Paribas Mutual FundCompliant with law. However, commission proposed to be paid significantly higher than other NEDs, director is non-independent due to prolonged association and excess shareholding
    • HSBC Mutual FundA vote AGAINST this resolution is desired as this is a case of Non-Executive Directors participating in incentive schemes, which should be dissuaded.
    • Nippon India Mutual FundCommission is High
    19 for3 against

Mutual fund votes, meeting of 14 Sep 2021, 19 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 Statements (both Standalone and Consolidated) of the Company for the financial year ended March 31, 2021 and the Report of Directors and Auditor thereon.MoreLess
    18 for0 against
  • To confirm the payment of Interim Dividend and to declare Final Dividend on equity shares for the financial year ended March 31, 2021.
    18 for0 against
  • To appoint a Director in place of Dr. Raman Ramachandran (DIN: 00200297), who retires by rotation, and being eligible, offers himself for re- appointment.
    19 for0 against
  • Ratification of Cost Auditors remuneration.
    18 for0 against
  • Elevation of the position held by Mr. Rajnish Sarna (DIN: 06429468) from Whole-time Director to Joint Managing Director of the Company w.e.f. May 18, 2021.
    19 for0 against
  • Appointment of Dr. K.V.S. Ram Rao (DIN: 08874100) as Director of the Company.
    Against Franklin Templeton Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted because the board independence norms are not met and Ram Rao is a non-independent director nominee.
    17 for1 against
  • Appointment of Dr. K.V.S. Ram Rao (DIN: 08874100) as a Whole-time Director of the Company.
    Against Franklin Templeton Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns in the executive's remuneration: • The board independence norms are not met and Rajnish Sarna is a non-independent director nominee. • The company has not disclosed the commission rate which the executive will be entitled to receive or the performance metrics on which such incentive would be based. This could lead to discretionary payouts. • There is lack of sufficient justification for the proposed minimum remuneration in the event of loss or inadequacy of profits.
    17 for1 against
  • Payment of remuneration by way of commission to Mr. Narayan K. Seshadri (DIN: 00053563), a Non-Executive Independent Chairperson of the Company.
    Against HSBC Mutual Fund
    • HSBC Mutual FundA vote AGAINST this resolution is desired as this is a case of Non-Executive Director participating in incentive schemes, which should be dissuaded.
    18 for1 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 4, as a fund house numbered it
    1 for0 against
  • Item 6, as a fund house numbered it
    1 for0 against
  • Item 7, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 6 Feb 2021, 16 fund houses

  • Approval of the Scheme of Amalgamation of Isagro (Asia) Agrochemicals Private Limited (“Transferor Company”) with PI Industries Limited (“Transferee Company”) and their respective shareholders.
    16 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

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
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 Sep 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.

RaisedAmount raisedForSet asideSpentSpent elsewhereReason and comments
QIPJul 20201,974.97To utilize the Net Proceeds for:- (i) funding the organic or inorganic growth opportunities in the area of its operations and adjacencies, (ii) other long-term capital requirements, (iii) investments in Subsidiaries, joint venture(s) and affiliate(s) (either through debt or equity or any convertible securities), (iv) pre-payment and / or repayment of outstanding borrowings and/ or, (v) general corporate requirements or any other purposes, as may be permissible under the applicable law and approved by our Board or its duly constituted committee.1,974.971,974.97NoAudit committee: Nil 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.