Share price at the NSE close on 23 Oct 2026. Previous close ₹140.64.
- Next results date: the board meets on 2 Nov 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹3,948 Cr763rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 4 Aug 2026
- 7.8
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 19 May 2026
- 0.7
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 23.62%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 4 Aug 2026
- 8.6%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 4 Aug 2026
- 8.3%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 19 May 2026
- 0.25
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 34,19,28659.1% delivered
PTC India 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
- ChairpersonSUKHDEV SINGH
- Managing director and CEOMANOJ KUMAR JHAWAR
- Company Secretary and Compliance OfficerRajiv Maheshwari
7 directors3 independent1 executive3 non-executive
- SUKHDEV SINGH · ChairpersonIndependent · joined Nov 2025 · reappointed Nov 2025 · 7 months as independent · 1 listed board · 1 as independent · 1 committee seat
- MANOJ KUMAR JHAWAR · Managing director and CEOExecutive · joined Jan 2024 · reappointed May 2025 · 2 listed boards · 1 committee seat
- RAJIV KUMAR ROHILLANominee, non-executive · joined Jan 2024 · 1 listed board · 1 committee seat
- PRAKASH MHASKEIndependent · joined Jan 2023 · reappointed Jan 2026 · 41 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- MINI IPEIndependent · joined Dec 2024 · reappointed Dec 2024 · 18 months as independent · 3 listed boards · 2 as independent · 4 committee seats, 2 as chair
- MASOOD AKHTAR ANSARINominee, non-executive · joined Dec 2025 · 1 listed board · 3 committee seats, 2 as chair
- UMESH KUMAR NANDNominee, non-executive · joined 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.
11 directors who left
- RAJIV RANJAN JHA, left 1 May 2026: Others
- MOHAMMAD AFZAL, left 30 Apr 2026: Others
- NARENDRA KUMAR, left 13 Apr 2026: Tenure Completion
- JAYANT DASGUPTA, left 13 Apr 2026: Tenure Completion
- RASHMI VERMA, left 13 Apr 2026: Tenure Completion
- RAJNEESH AGARWAL, left 2 Mar 2026: Others
- SANGEETA KAUSHIK, left 21 Nov 2025: Others
- ARABANDI VENU PRASAD, left 13 Nov 2025: Others
- Harish Saran, left 6 Jun 2025: Others
- RAMESH NARAIN MISRA, left 7 Dec 2024: Tenure Completion
- MAHENDRA KUMAR GUPTA, left 1 Nov 2024: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 19 May 20267 of 7 present3 independent · 3 days in between
- 15 May 20266 of 6 present3 independent · 28 days in between
- 16 Apr 20267 of 8 present3 independent · 60 days in between
- 14 Feb 20269 of 12 present6 independent · 21 days in between
1 earlier meeting
- 23 Jan 202611 of 12 present6 independent
Audit Committee
Chair MINI IPE
PRAKASH MHASKE, RAJIV KUMAR ROHILLA
- 19 May 20262 of 3 present2 independent · 93 days in between
- 14 Feb 20263 of 4 present3 independent
Nomination and remuneration committee
Chair PRAKASH MHASKE
SUKHDEV SINGH, MASOOD AKHTAR ANSARI
- 29 Jun 20263 of 3 present2 independent · 177 days in between
- 2 Jan 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair PRAKASH MHASKE
SUKHDEV SINGH, MANOJ KUMAR JHAWAR
- 21 Jan 20262 of 3 present2 independent
Risk Management Committee
Chair PRAKASH MHASKE
MANOJ KUMAR JHAWAR, MINI IPE
- 25 Mar 20263 of 4 present2 independent · 13 days in between
Corporate Social Responsibility Committee
Chair PRAKASH MHASKE
MASOOD AKHTAR ANSARI, MANOJ KUMAR JHAWAR
- 11 Mar 20263 of 3 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 2025.
- T R Chadha & Co LLPPeer-review certificate valid to Sep 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.
PTC India 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.PTC India dividend history
Annual general meeting, 30 Sep 2026
2,92,426 shareholders on the register on 23 Sep 2026; present: 2 promoters and 173 others; votes counted by Ashish Kapoor / Ashish Kapoor & Associates.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the year ended 31st March 2026, together with Boards Report, and report of Auditors thereon.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.33%
Turnout: all 47.24% · promoters 100.00% · institutions 86.44% · other public 2.53%
- To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the year ended 31st March 2026, and report of Auditors thereon.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.33%
Turnout: all 43.19% · promoters 75.00% · institutions 86.44% · other public 2.53%
- To consider and declare Final dividend Rs. 5.5 per share for the financial year ended 31st March 2026.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.32%
Turnout: all 48.35% · promoters 100.00% · institutions 89.66% · other public 2.53%
- To appoint a Director in the place of Sh. Rajiv Kumar Rohilla (DIN 10371161) who retires by rotation at this Annual General Meeting and being eligible offers himself for re-appointment.OrdinaryPromoters have an interest in it56.53% for43.47% against
Against: promoters 0.00% · institutions 65.06% · other public 74.08%
Turnout: all 48.35% · promoters 100.00% · institutions 89.66% · other public 2.53%
- To re-appoint T. R. Chadha and Co. LLP, Chartered Accountants (Firm Registration No. 006711N-N500028) as the Statutory Auditors and to fix their remunerationOrdinary99.64% for0.36% against
Against: promoters 0.00% · institutions 0.28% · other public 7.09%
Turnout: all 48.35% · promoters 100.00% · institutions 89.66% · other public 2.53%
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 Jul 2026, 1 resolution
2,62,175 shareholders on the register on 26 Jun 2026; votes counted by Ashish Kapoor / Ashish Kapoor & Associates.The company's voting result (opens in a new tab)
- To appoint Shri Umesh Kumar Nand (DIN: 11471412) as Non-Executive Nominee DirectorOrdinaryPromoters have an interest in it94.14% for5.86% against
Against: promoters 0.00% · institutions 8.81% · other public 2.82%
Turnout: all 56.48% · promoters 100.00% · institutions 91.52% · other public 9.09%
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, 20 Mar 2026, 7 resolutions
2,75,770 shareholders on the register on 13 Feb 2026; votes counted by Ashish Kapoor / Ashish Kapoor & Associates.The company's voting result (opens in a new tab)
- To alter definition of “Promoters” in Article of Association of the CompanySpecialPromoters have an interest in it99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 0.78%
Turnout: all 50.01% · promoters 100.00% · institutions 87.17% · other public 4.30%
- To alter Article 113 of Article of Association of the CompanySpecialNot passedRecorded as not passed although most votes were for it; no reason is givenPromoters have an interest in it55.90% for44.10% against
Against: promoters 0.00% · institutions 65.12% · other public 67.58%
Turnout: all 50.01% · promoters 100.00% · institutions 87.17% · other public 4.30%
- To alter Article 117 of Article of Association of the CompanySpecial99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 0.88%
Turnout: all 50.01% · promoters 100.00% · institutions 87.17% · other public 4.30%
- To alter Article 129 of Article of Association of the CompanySpecialNot passedRecorded as not passed although most votes were for it; no reason is givenPromoters have an interest in it55.89% for44.11% against
Against: promoters 0.00% · institutions 65.12% · other public 67.73%
Turnout: all 50.00% · promoters 100.00% · institutions 87.17% · other public 4.30%
- To alter Article 133 of Article of Association of the CompanySpecialNot passedRecorded as not passed although most votes were for it; no reason is givenPromoters have an interest in it55.89% for44.11% against
Against: promoters 0.00% · institutions 65.12% · other public 67.80%
Turnout: all 50.01% · promoters 100.00% · institutions 87.17% · other public 4.30%
- To alter Article 178 of Article of Association of the CompanySpecialPromoters have an interest in it99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 0.71%
Turnout: all 50.01% · promoters 100.00% · institutions 87.17% · other public 4.30%
- To change the designation/terms of appointment of Dr. Manoj Kumar Jhawar (DIN: 07306454), Chairman & Managing DirectorOrdinary99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 0.90%
Turnout: all 50.01% · promoters 100.00% · institutions 87.17% · other public 4.30%
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 Jan 2026, 3 resolutions
2,81,246 shareholders on the register on 5 Dec 2025; votes counted by ASHISH KAPOOR / ASHISH KAPOOR & ASSOCIATES.The company's voting result (opens in a new tab)
- TO RE-APPOINT SHRI PRAKASH MHASKE (DIN:08512385) AS AN INDEPENDENT DIRECTOR OF THE COMPANYSpecial97.10% for2.90% against
Against: promoters 0.00% · institutions 4.69% · other public 0.40%
Turnout: all 52.11% · promoters 100.00% · institutions 87.60% · other public 8.46%
- TO APPOINT SHRI SUKHDEV SINGH (DIN: 03288811) AS AN INDEPENDENT DIRECTORSpecial97.94% for2.06% against
Against: promoters 0.00% · institutions 3.33% · other public 0.28%
Turnout: all 52.11% · promoters 100.00% · institutions 87.60% · other public 8.46%
- TO APPOINT SHRI MASOOD AKHTAR ANSARI (DIN: 10429528) AS NON-EXECUTIVE NOMINEE DIRECTOROrdinaryPromoters have an interest in it95.90% for4.10% against
Against: promoters 0.00% · institutions 6.61% · other public 0.66%
Turnout: all 52.10% · promoters 100.00% · institutions 87.60% · other public 8.46%
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, 8 Aug 2025, 10 resolutions
2,76,982 shareholders on the register on 1 Aug 2025; present: 2 promoters and 147 others; votes counted by Ashish Kapoor / Ashish Kapoor & Associates.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the year ended 31st March 2024, together with Board’s Report, and report of Auditor’s thereonOrdinary99.90% for0.10% against
Against: promoters 0.00% · institutions 0.14% · other public 0.34%
Turnout: all 49.56% · promoters 100.00% · institutions 84.41% · other public 3.35%
- To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the year ended 31st March, 2024 and report of Auditor’s thereonOrdinary86.29% for13.71% against
Against: promoters 0.00% · institutions 20.04% · other public 27.17%
Turnout: all 49.56% · promoters 100.00% · institutions 84.41% · other public 3.35%
- To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the year ended 31st March 2025, together with Board’s Report, and report of Auditor’s thereonOrdinary99.90% for0.10% against
Against: promoters 0.00% · institutions 0.14% · other public 0.36%
Turnout: all 49.56% · promoters 100.00% · institutions 84.41% · other public 3.35%
- To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the year ended 31st March, 2025 and report of Auditor’s thereonOrdinary99.90% for0.10% against
Against: promoters 0.00% · institutions 0.14% · other public 0.34%
Turnout: all 49.56% · promoters 100.00% · institutions 84.41% · other public 3.35%
- To approve and declare the payment of Final Dividend for the financial year ended 31st March, 2025Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.32%
Turnout: all 50.27% · promoters 100.00% · institutions 86.31% · other public 3.35%
- To appoint a Director in the place of Ms. Sangeeta Kaushik (DIN: 09157948) who retires by rotation at this Annual General Meeting and being eligible offers herself for re-appointmentOrdinaryPromoters have an interest in it96.46% for3.54% against
Against: promoters 0.00% · institutions 5.31% · other public 3.32%
Turnout: all 50.26% · promoters 100.00% · institutions 86.31% · other public 3.33%
- To appoint a Director in the place of Shri Rajiv Ranjan Jha (DIN:03523954) who retires by rotation at this Annual General Meeting and being eligible offers himself for re-appointmentOrdinaryPromoters have an interest in it54.97% for45.03% against
Against: promoters 0.00% · institutions 66.17% · other public 72.77%
Turnout: all 50.27% · promoters 100.00% · institutions 86.31% · other public 3.35%
- To appoint Dr. Manoj Kumar Jhawar (DIN: 07306454) as Chairman & Managing Director (“CMD”) of the CompanyOrdinary97.42% for2.58% against
Against: promoters 0.00% · institutions 3.87% · other public 2.38%
Turnout: all 50.27% · promoters 100.00% · institutions 86.31% · other public 3.34%
- To approve the amendment in the Main Object Clause of the Memorandum of Association of the CompanySpecial99.85% for0.15% against
Against: promoters 0.00% · institutions 0.00% · other public 4.84%
Turnout: all 50.27% · promoters 100.00% · institutions 86.31% · other public 3.35%
- To appoint M/s. A K Rastogi & Associates as Secretarial AuditorsOrdinary99.85% for0.15% against
Against: promoters 0.00% · institutions 0.00% · other public 4.94%
Turnout: all 50.26% · promoters 100.00% · institutions 86.28% · other public 3.35%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 9 Apr 2025, 1 resolution
2,85,892 shareholders on the register on 7 Mar 2025; votes counted by Ashish Kapoor / Ashish Kapoor & Associates.The company's voting result (opens in a new tab)
- To appoint Shri Harish Saran (DIN: 07670865) as Whole Time Director designated as Director (Marketing) of the CompanyOrdinary74.31% for25.69% against
Against: promoters 0.00% · institutions 38.28% · other public 43.95%
Turnout: all 48.68% · promoters 100.00% · institutions 88.63% · other public 2.76%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 2 Feb 2025, 2 resolutions
2,80,693 shareholders on the register on 30 Dec 2024; votes counted by Ashish Kapoor / Ashish Kapoor & Associates.The company's voting result (opens in a new tab)
- To appoint Shri Rajneesh Agarwal (DIN: 10816601) as Non-Executive Nominee DirectorOrdinaryPromoters have an interest in it63.55% for36.45% against
Against: promoters 0.00% · institutions 55.28% · other public 22.00%
Turnout: all 53.13% · promoters 100.00% · institutions 91.46% · other public 6.66%
- To appoint Ms. Mini Ipe (DIN: 07791184) as an Independent DirectorSpecial98.36% for1.64% against
Against: promoters 0.00% · institutions 2.55% · other public 0.36%
Turnout: all 53.13% · promoters 100.00% · institutions 91.46% · other public 6.67%
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.
Annual general meeting, 26 Sep 2024, 4 resolutions
Present: 3 promoters and 164 others.The company's voting result (opens in a new tab)
To receive, consider and adopt: n(a)tAudited Standalone Financial Statements of the Company for the year ended 31st March 2024, together with Board’s Report, and report of Auditor’s thereon; and n(b)tAudited Consolidated Financial Statements of the Company for the year ended 31st March, 2024 and report of Auditor’s thereon.MoreLess
Ordinary41.07% for58.93% againstAgainst: promoters 0.00% · institutions 88.21% · other public 54.01%
Turnout: all 50.25% · promoters 100.00% · institutions 76.98% · other public 2.90%
- To approve and declare the payment of Final Dividend for the financial year ended 31st March, 2024Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.38%
Turnout: all 55.87% · promoters 100.00% · institutions 90.16% · other public 2.90%
- To appoint a Director in the place of Shri Mohammad Afzal (DIN: 09762315) who retires by rotation at this Annual General Meeting and being eligible offers himself for re-appointment.Ordinary95.49% for4.51% against
Against: promoters 0.00% · institutions 5.91% · other public 20.73%
Turnout: all 55.86% · promoters 100.00% · institutions 90.16% · other public 2.90%
- To appoint a Director in the place of Shri Mahendra Kumar Gupta (DIN: 10112169) who retires by rotation at this Annual General Meeting and being eligible offers himself for re-appointmentOrdinaryPromoters have an interest in it91.42% for8.58% against
Against: promoters 0.00% · institutions 11.97% · other public 15.81%
Turnout: all 55.86% · promoters 100.00% · institutions 90.16% · other public 2.90%
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 30 Sep 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)
- To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the year ended 31st March 2026, together with Boards Report, and report of Auditors thereon.2 for0 against
- To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the year ended 31st March 2026, and report of Auditors thereon.2 for0 against
- To consider and declare Final dividend Rs. 5.5 per share for the financial year ended 31st March 2026.2 for0 against
- To appoint a Director in the place of Sh. Rajiv Kumar Rohilla (DIN 10371161) who retires by rotation at this Annual General Meeting and being eligible offers himself for re-appointment.
Against Angel One Mutual Fund
- Angel One Mutual FundGovernance concern: Low attendance at board meetings since appointment. Consistent participation at Board meetings is a fundamental responsibility of directors. His attendance record indicates that he is not have been able to devote adequate time and attention to the Company’s affairs.
1 for1 against - To re-appoint T. R. Chadha and Co. LLP, Chartered Accountants (Firm Registration No. 006711N-N500028) as the Statutory Auditors and to fix their remuneration2 for0 against
Mutual fund votes, meeting of 30 Jul 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)
- To appoint Shri Umesh Kumar Nand (DIN: 11471412) as Non-Executive Nominee Director2 for0 against
6 earlier meetings
Mutual fund votes, meeting of 20 Mar 2026, 7 fund houses
- To alter definition of “Promoters” in Article of Association of the Company7 for0 against
- To alter Article 113 of Article of Association of the Company
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance Concern: Nomination Rights granted to Promoters without minimum shareholding threshold; Rights proposed to be granted to NTPC & appears to be excessive & unjustified vis-à-vis the NTPC’s shareholding in the Company.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Nomination Rights granted to Promoters without minimum shareholding threshold; Rights proposed to be granted to NTPC under resolutions #2, #4 and #5 appears to be excessive & unjustified vis-à-vis the NTPC’s shareholding in the Company.
3 for4 against - To alter Article 117 of Article of Association of the Company7 for0 against
- To alter Article 129 of Article of Association of the Company
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance Concern: The consent of Chairman & Managing Director of NTPC is necessary for the appointment of Chairman/Chairman & Managing Director/ Managing Director or Whole Time Director; the said right when viewed together with rights granted to NTPC appears to be excessive & unjustified vis-à-vis the NTPC’s shareholding in the Company.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: The consent of Chairman & MD of NTPC is necessary for the appointment of Chairman/Chairman & MD/ MD or WTD; the said right when viewed together with rights granted to NTPC under resolutions #2, #4 and #5 appears to be excessive & unjustified vis-à-vis the NTPC’s shareholding in the Company.
3 for4 against - To alter Article 133 of Article of Association of the Company
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance Concern: Board meeting quorum should not be contingent upon presence of a single director; Rights proposed to be granted to NTPC appears to be excessive & unjustified vis-à-vis the NTPC’s shareholding in the Company.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Board meeting quorum should not be contingent upon presence of a single director; Rights proposed to be granted to NTPC under resolutions #2, #4 and #5 appears to be excessive & unjustified vis-à-vis the NTPC’s shareholding in the Company.
3 for4 against - To alter Article 178 of Article of Association of the Company7 for0 against
- To change the designation/terms of appointment of Dr. Manoj Kumar Jhawar (DIN: 07306454), Chairman & Managing Director7 for0 against
Mutual fund votes, meeting of 8 Jan 2026, 7 fund houses
- TO RE-APPOINT SHRI PRAKASH MHASKE (DIN:08512385) AS AN INDEPENDENT DIRECTOR OF THE COMPANY7 for0 against
- TO APPOINT SHRI SUKHDEV SINGH (DIN: 03288811) AS AN INDEPENDENT DIRECTOR7 for0 against
- TO APPOINT SHRI MASOOD AKHTAR ANSARI (DIN: 10429528) AS NON-EXECUTIVE NOMINEE DIRECTOR7 for0 against
Mutual fund votes, meeting of 8 Aug 2025, 6 fund houses
- To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the year ended 31st March 2024, together with Board’s Report, and report of Auditor’s thereon6 for0 against
- To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the year ended 31st March, 2024 and report of Auditor’s thereon
Against Mirae Asset Mutual Fund
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
5 for1 against - To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the year ended 31st March 2025, together with Board’s Report, and report of Auditor’s thereon6 for0 against
- To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the year ended 31st March, 2025 and report of Auditor’s thereon6 for0 against
- To approve and declare the payment of Final Dividend for the financial year ended 31st March, 20256 for0 against
- To appoint a Director in the place of Ms. Sangeeta Kaushik (DIN: 09157948) who retires by rotation at this Annual General Meeting and being eligible offers herself for re-appointment6 for0 against
- To appoint a Director in the place of Shri Rajiv Ranjan Jha (DIN:03523954) who retires by rotation at this Annual General Meeting and being eligible offers himself for re-appointment
Against Mirae Asset Mutual Fund
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
5 for1 against - To appoint Dr. Manoj Kumar Jhawar (DIN: 07306454) as Chairman & Managing Director (“CMD”) of the Company
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance concern: Holding position of Chairman and Managing Director may lead to concentration of powers in the hands of single person.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merits of Director. Governance concern: Holding position of Chairman and Managing Director may lead to concentration of powers in the hands of single person.
2 for4 against - To approve the amendment in the Main Object Clause of the Memorandum of Association of the Company6 for0 against
- To appoint M/s. A K Rastogi & Associates as Secretarial Auditors6 for0 against
Mutual fund votes, meeting of 9 Apr 2025, 7 fund houses
- To appoint Shri Harish Saran (DIN: 07670865) as Whole Time Director designated as Director (Marketing) of the Company
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, quant Mutual Fund
- Angel One Mutual FundGovernance concern: Board is non-compliant with the requisite number of Independent Directors as required under SEBI (Listing Obligations & Disclosure Requirements) Regulations
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundAppointment is compliant with law. No concern on the merit of proposed director. Governance concern: Board is non-compliant with the requisite number of Independent Directors as required under SEBI LODR Regulations.
- quant Mutual FundRegarding the appointment of Mr Harish Saran as a Whole-time Director of the company. Appointment is compliant with law. No concern on the merit of proposed director. Governance concern: Board is non-compliant with the requisite number of Independent Directors as required under SEBI LODR Regulations. Since PTC India does not have a regular non-executive Chairperson, at least half of the board of directors shall comprise of independent directors, vs. 46% with this appointment. Hence, we are voting against this resolution.
2 for5 against
Mutual fund votes, meeting of 2 Feb 2025, 4 fund houses
- To appoint Shri Rajneesh Agarwal (DIN: 10816601) as Non-Executive Nominee Director4 for0 against
- To appoint Ms. Mini Ipe (DIN: 07791184) as an Independent Director4 for0 against
Mutual fund votes, meeting of 26 Sep 2024, 3 fund houses
To receive, consider and adopt: n(a)tAudited Standalone Financial Statements of the Company for the year ended 31st March 2024, together with Board’s Report, and report of Auditor’s thereon; and n(b)tAudited Consolidated Financial Statements of the Company for the year ended 31st March, 2024 and report of Auditor’s thereon.MoreLess
Against Bandhan Mutual Fund, Groww Mutual Fund
- Bandhan Mutual FundWe have relied upon the auditors’ report, which has raised several concerns. Moreover, auditors have qualified consolidated financial results and group’s internal financial controls mainly because of qualified accounts and internal financial controls of PTC India Financial Services Limited (PFS) – a material subsidiary of the company. The auditors have cited multiple reasons for the qualified opinion i.e. payment / reimbursement of personal expenses incurred for the then Managing Director and Chief Executive Officer (Erstwhile MD & CEO) and Non-Executive Chairman (NEC) on account show cause notice (SCN) sent by Reserve Bank of India (RBI) and Securities and Exchange Board of India (SEBI), weakness in internal control systems with respect to system driven interest / penal interest charging etc. The qualified opinion also highlighted continued corporate governance issues related with conducting few meetings, shorter notice and delay in signing and finalization of the few minutes of Audit Committee and Board Meeting as well as quality, quantity and timelines of flow of information between the company and to the board members. The auditor is unable to ascertain the impact of the aforesaid matters on the consolidated financial statements. Hence, we do not support the resolution
- Groww Mutual FundBasis the qualification raised by the auditor relating to qualified Financial Statements of subsidiary of the entity, we are of the belief that the subsidiary is material given the net worth and hence we vote against the resolution
1 for2 against- To approve and declare the payment of Final Dividend for the financial year ended 31st March, 20243 for0 against
- To appoint a Director in the place of Shri Mohammad Afzal (DIN: 09762315) who retires by rotation at this Annual General Meeting and being eligible offers himself for re-appointment.3 for0 against
- To appoint a Director in the place of Shri Mahendra Kumar Gupta (DIN: 10112169) who retires by rotation at this Annual General Meeting and being eligible offers himself for re-appointment3 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines and tax disputes
Reported in the filing for the quarter to Jun 2026.
- Fine or penaltyCommissioner, Central GST, Audit II, DelhiSince 17 Jun 2026
In relation to GST audit for FY 2020-21 to FY 2023-24, GST Department- Delhi has issued an order wherein a tax demand of Rs, 11,49,153 was raised mainly on account of disallowance of input tax credit availed by the company, and levied interest of Rs. 38,663 and penalty of Rs. 48,901
On account of various GST issues - Tax disputeCustoms, Central Excise & Service Tax DepartmentSince 31 Mar 2014Appeal filed with CESTAT on 05.08.2014. Case is pending before CESTAT.
- Tax disputeIncome Tax Department, Government of IndiaSince 19 Nov 2025
ITAT ,vide its order AY 2018-19 dated 19.11.2025, directed Assessing Officer to i) consider the claim of the Company after verifying the facts ii) recompute disallowance against exempted income against which the Company has filed appeal in Delhi High Court.MoreLess
- Tax disputeIncome Tax Department, Government of IndiaSince 6 Feb 2024
ITAT ,vide its order AY 2020-21 dated 07.01.2026, directed Assessing Officer to i) consider the claim of the Company after verifying the facts ii) recompute disallowance against exempted income against which the Company is filing appeal in Delhi High Court.MoreLess
- Tax disputeIncome Tax Department, Government of IndiaSince 25 Mar 2024Appeal filed with CIT(A) for AY 2022-23 on 22.04.2024. Case is pending before CIT(A)
- Tax disputeIncome Tax Department, Government of IndiaSince 10 Feb 2026Appeal filed with CIT(A) for AY 2024-25 on 10.03.2026. Case is pending before CIT(A) in resepect of disallowane of capital losses.
- Tax disputeCentral Good and Service Tax DepartmentSince 3 Feb 2021Writ petition filed in High Court against Service Tax Order on 12.07.2021. Case is pending before High Court.
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
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.