PTC Industries logo

PTC Industries MD, chairman, board of directors and AGM

NSE: PTCILBSE: 539006Industrial ProductsSmall Cap

Last close ₹23,455.00down ₹1,290.00 (5.21%)BSE ₹23,481.90

Share price at the NSE close on 23 Oct 2026. Previous close ₹24,745.00.

52-week range of traded prices to 23 Oct 2026
₹14,499.00Low, 2 Apr 2026₹26,085.00High, 13 Oct 2026
Market cap
₹37,170 Cr297th largest listed
P/E
295.9
P/B
Shares changed
Dividend yield
Nonein the last 12 months
ROE
8.7%
ROCE
7.3%
Debt to equity
0.17
Volume, NSE
34,76839.9% delivered

PTC 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

  • Chairperson and managing directorSACHIN AGARWAL
  • Company Secretary and Compliance OfficerPragati Gupta Agrawal

8 directors4 independent4 executive

  • SACHIN AGARWAL · Chairperson and managing directorExecutive · joined Jun 1998 · reappointed Oct 2022 · 1 listed board
  • ALOK AGARWALExecutive · joined Jul 1994 · reappointed Oct 2022 · 1 listed board
  • PRIYA RANJAN AGARWALExecutive · joined Dec 1992 · reappointed Oct 2022 · 1 listed board
  • SMITA AGARWALExecutive · joined Jun 2019 · reappointed Oct 2022 · 1 listed board
  • VISHAL MEHROTRAIndependent · joined Aug 2019 · reappointed Aug 2024 · 22 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • PRASHUKA JAINIndependent · joined Sep 2022 · reappointed Sep 2022 · 45 months as independent · 1 listed board · 1 as independent
  • KAMESH GUPTAIndependent · joined Oct 2024 · reappointed Oct 2024 · 21 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • RAKESH SHUKLAIndependent · joined Feb 2025 · reappointed Feb 2025 · 16 months as independent · 1 listed board · 1 as independent

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

3 directors who left
  • BRIJ LAL GUPTA, left 23 Jan 2025: Tenure Completion
  • KRISHNA DAS GUPTA, left 1 Oct 2024: Tenure Completion
  • AJAY KASHYAP, left 1 Oct 2024: Tenure Completion

Committees and meetings

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

  • Board

    • 27 Jun 20266 of 8 present3 independent · 27 days in between
    • 30 May 20268 of 8 present4 independent · 104 days in between
    • 14 Feb 20267 of 8 present4 independent

  • Audit Committee

    Chair PRASHUKA JAIN

    VISHAL MEHROTRA, KAMESH GUPTA

    • 27 Jun 20262 of 3 present2 independent · 27 days in between
    • 30 May 20263 of 3 present3 independent · 104 days in between
    • 14 Feb 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair VISHAL MEHROTRA

    PRASHUKA JAIN, KAMESH GUPTA

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair KAMESH GUPTA

    VISHAL MEHROTRA, SMITA AGARWAL

    No meeting listed in the filing.

  • Risk Management Committee

    Chair VISHAL MEHROTRA

    PRASHUKA JAIN, ALOK AGARWAL, KAMESH GUPTA

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair PRASHUKA JAIN

    SMITA AGARWAL, VISHAL MEHROTRA

    • 30 May 20263 of 3 present2 independent · 104 days in between
    • 14 Feb 20262 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 Jun 2026.

  • S. N. Dhawan & Co LLPPeer-review certificate valid to Feb 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.

PTC 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.PTC Industries share news and announcements

Annual general meeting, 30 Sep 2026

28,162 shareholders on the register on 23 Sep 2026; present: 9 promoters and 35 others; votes counted by Amit Gupta / Amit Gupta & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt (a) the audited standalone financial statements of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors’ and Auditors’ thereon; and (b) the audited consolidated financial statements of the Company for the financial year ended March 31, 2026 and the report of the AuditorsMoreLess
    Ordinary
    94.18% for5.82% against

    Against: promoters 0.00% · institutions 0.00% · other public 36.47%

    Turnout: all 70.67% · promoters 99.52% · institutions 0.00% · other public 27.96%

  2. To re-appoint Ms. Smita Agarwal as a director liable to retire by rotation
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.37%

    Turnout: all 70.67% · promoters 99.52% · institutions 0.00% · other public 27.96%

  3. Ratification of the Remuneration payable to the Cost Auditors
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.67% · promoters 99.52% · institutions 0.00% · other public 27.96%

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

Extraordinary general meeting, 1 Aug 2026, 4 resolutions

27,309 shareholders on the register on 25 Jul 2026; present: 9 promoters and 34 others; votes counted by AMIT GUPTA / AMIT GUPTA & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To raise capital by way of a qualified institution placement to eligible investors through the issuance of equity shares and/or other eligible securities
    Special
    99.52% for0.48% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.90%

    Turnout: all 71.23% · promoters 99.45% · institutions 0.00% · other public 29.39%

  2. Increase in the limits set out under section 186 of the Companies Act, 2013
    Special
    94.24% for5.76% against

    Against: promoters 0.00% · institutions 0.00% · other public 34.64%

    Turnout: all 71.23% · promoters 99.45% · institutions 0.00% · other public 29.39%

  3. Increase in the borrowing powers
    Special
    98.58% for1.42% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.57%

    Turnout: all 71.23% · promoters 99.45% · institutions 0.00% · other public 29.39%

  4. Creation of a charge for securing the borrowings
    Special
    98.22% for1.78% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.70%

    Turnout: all 71.23% · promoters 99.45% · institutions 0.00% · other public 29.39%

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 2025, 7 resolutions

23,270 shareholders on the register on 19 Sep 2025; present: 9 promoters and 31 others; votes counted by AMIT GUPTA / AMIT GUPTA & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt (a) the audited financial statements of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors’ and Auditors’ thereon; and (b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2025 and the report of the Auditors thereonMoreLess
    Ordinary
    95.71% for4.29% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.44%

    Turnout: all 70.44% · promoters 99.45% · institutions 0.00% · other public 27.35%

  2. To re-appoint Mr. Priya Ranjan Agarwal as a director liable to retire by rotation
    Ordinary
    93.91% for6.09% against

    Against: promoters 0.00% · institutions 0.00% · other public 38.95%

    Turnout: all 70.44% · promoters 99.45% · institutions 0.00% · other public 27.35%

  3. To appoint the Secretarial Auditor of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.44% · promoters 99.45% · institutions 0.00% · other public 27.35%

  4. Re-appointment of Mr. Sachin Agarwal as Chairman and Managing Director
    Special
    99.36% for0.64% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.11%

    Turnout: all 70.44% · promoters 99.45% · institutions 0.00% · other public 27.35%

  5. Re-appointment of Mr. Alok Agarwal as Director – Technical & Quality
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 70.44% · promoters 99.45% · institutions 0.00% · other public 27.35%

  6. Re-appointment of Mr. Priya Ranjan Agarwal as Director (Marketing).
    Special
    94.03% for5.97% against

    Against: promoters 0.00% · institutions 0.00% · other public 38.17%

    Turnout: all 70.44% · promoters 99.45% · institutions 0.00% · other public 27.35%

  7. Re-appointment of Ms. Smita Agarwal, Director and Chief Financial Officer
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 70.44% · promoters 99.45% · institutions 0.00% · other public 27.35%

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, 17 May 2025, 1 resolution

21,058 shareholders on the register on 11 Apr 2025; votes counted by AMIT GUPTA / AMIT GUPTA & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Rakesh Shukla (DIN 10955746) as an Independent Director of the Company for a term of five years.
    Special
    96.39% for3.61% against

    Against: promoters 0.00% · institutions 0.00% · other public 24.86%

    Turnout: all 69.52% · promoters 99.45% · institutions 0.00% · other public 25.08%

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, 30 Sep 2024, 3 resolutions

Present: 8 promoters and 40 others.The company's voting result (opens in a new tab)

  1. To consider and adopt (a) the audited financial statements of the Company for the financial year ended March 31, 2024, and the reports of the Board of Directors and Auditors thereon; and (b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2024, and the report of the Auditors thereonMoreLess
    Ordinary
    97.89% for2.11% against

    Against: promoters 0.00% · institutions 0.00% · other public 15.18%

    Turnout: all 69.09% · promoters 99.42% · institutions 0.00% · other public 23.92%

  2. To appoint a director in place of Mr. Alok Agarwal, who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.76%

    Turnout: all 69.09% · promoters 99.42% · institutions 0.00% · other public 23.94%

  3. Appointment of Mr. Kamesh Gupta (DIN: 09542162) as an Independent Director of thenCompany
    Special
    100.00% for0.00% against

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

    Turnout: all 69.09% · promoters 99.42% · institutions 0.00% · other public 23.94%

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

Extraordinary general meeting, 8 Aug 2024, 2 resolutions

Present: 15 promoters and 23 others.The company's voting result (opens in a new tab)

  1. Reappointment of Mr. Vishal Mehrotra as an Independent Director
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.46%

    Turnout: all 64.48% · promoters 96.26% · institutions 0.00% · other public 12.56%

  2. To raise capital by way of a qualified institution placement to eligible investors through issuance of equity shares and/or other eligible securities
    Special
    100.00% for0.00% against

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

    Turnout: all 64.48% · promoters 96.26% · institutions 0.00% · other public 12.56%

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

Extraordinary general meeting, 3 Feb 2024, 2 resolutions

Present: 13 promoters and 81 others.The company's voting result (opens in a new tab)

  1. Issuance of Equity Shares to the person belonging to ‘Non-Promoter Category’ on preferential basis
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.84%

    Turnout: all 71.54% · promoters 99.94% · institutions 0.00% · other public 13.97%

  2. To approve request letters received from Ms. Anshoo Agarwal, Ms. Bina Agarwal, Ms. Kiran Arun Prasad, Mr. Arun Jwala Prasad, Mr. Manu Agarwal, Ms. Ritika Agarwal and Ms. Reena Agarwal part of the Promoter Group for reclassification from ‘Promoter and Promoter Group’ Category to ‘Public’ CategoryMoreLess
    OrdinaryPromoters have an interest in it
    99.17% for0.83% against

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

    Turnout: all 4.61% · promoters 0.00% · institutions 0.00% · other public 13.97%

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, 22 Sep 2023, 3 resolutions

Present: 13 promoters and 46 others.The company's voting result (opens in a new tab)

  1. To consider and adopt (a) the audited financial statements of the Company for the financial year ended March 31, 2023 and the reports of the Board of Directors’ and Auditors’ thereon; and (b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2023 and the report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.36% · promoters 99.94% · institutions 0.00% · other public 13.26%

  2. To appoint a director in place of Ms. Smita Agarwal, who retires by rotation and being eligible, offers herself for re-appointment
    OrdinaryPromoters have an interest in it
    99.54% for0.46% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.48%

    Turnout: all 71.36% · promoters 99.94% · institutions 0.00% · other public 13.26%

  3. To Appointment of M/s. S. N. Dhawan & CO. LLP, Chartered Accountants, as Statutory Auditor of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.36% · promoters 99.94% · institutions 0.00% · other public 13.26%

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, 10 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt (a) the audited standalone financial statements of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors’ and Auditors’ thereon; and (b) the audited consolidated financial statements of the Company for the financial year ended March 31, 2026 and the report of the AuditorsMoreLess
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundNon-Disclosure of financials of Subsidiary Company.
    • Edelweiss Mutual Fund, Navi Mutual FundUnqualified Financial Statements except for certain remarks identified in the CARO. Non-Compliant with Section 136(1) of the Companies Act, 2013 and Regulation 46(2)(s) of SEBI LODR Regulations: Non-Disclosure of financials of Subsidiary Company.
    7 for3 against
  • To re-appoint Ms. Smita Agarwal as a director liable to retire by rotation
    10 for0 against
  • Ratification of the Remuneration payable to the Cost Auditors
    10 for0 against

Mutual fund votes, meeting of 1 Aug 2026, 10 fund houses so far (houses' deadline to file 15 Oct 2026)

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

  • To raise capital by way of a qualified institution placement to eligible investors through the issuance of equity shares and/or other eligible securities
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance and Transparency Concern: Significant Dilution. Further, the Company has not disclosed the rationale for not opting for rights issue.
    • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. Governance and Transparency Concern: Significant Dilution. Further, the Company has not disclosed the rationale for not opting for rights issue.
    7 for3 against
  • Increase in the limits set out under section 186 of the Companies Act, 2013
    Against DSP Mutual Fund, Jio BlackRock Mutual Fund, SBI Mutual Fund
    • DSP Mutual Fund, Jio BlackRock Mutual Fund, SBI Mutual FundAs of 31 March 2026, PTC Industries' automatic Section 186 limit stood at approximately Rs. 13.5 bn. While we acknowledge the need for a higher cap—given the company's organic and inorganic growth strategy and the limited (approximately 12%) headroom remaining under the current limit—we note that this enabling resolution permits loans, guarantees, and investments to any entity, including promoter-group companies. Although past transactions were restricted to wholly-owned subsidiaries, the company has neither committed to maintaining this exclusivity nor disclosed specific target entities, operational details, or financial terms. Given the lack of granular clarity required to make an informed decision, we do not support the resolution.
    1 for3 against
  • Increase in the borrowing powers
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Mahindra Manulife Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance Concern: The Company has not adequately justified the proposed increase in the borrowing limit from ₹ 350 crore to ₹ 600 crore, particularly when more than 50% of the existing borrowing limit remains unutilized.
    • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. Governance Concern: The Company has not adequately justified the proposed increase in the borrowing limit from ? 350 crore to ? 600 crore, particularly when more than 50% of the existing borrowing limit remains unutilized.
    • Mahindra Manulife Mutual FundGovernance Concern: The Company has not adequately justified the proposed increase in the borrowing limit from ? 350 crore to ? 600 crore, particularly when more than 50% of the existing borrowing limit remains unutilized.
    5 for4 against
  • Creation of a charge for securing the borrowings
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Jio BlackRock Mutual Fund, Mahindra Manulife Mutual Fund, Navi Mutual Fund, SBI Mutual Fund
    • Angel One Mutual Fund, Mahindra Manulife Mutual FundGovernance Concern: Interlinked with Res. #3. Blanket approval to create charge against borrowings to be made by associate companies.
    • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. Governance Concern: Interlinked with Res. #3. Blanket approval to create charge against borrowings to be made by associate companies.
    • Jio BlackRock Mutual Fund, SBI Mutual FundSecured loans generally carry lower interest rates and may offer relatively more favorable repayment terms compared to unsecured borrowings. However, we note that the proposed resolution also permits the creation of charge on the company’s assets in relation to borrowings availed by associate companies. We do not support the resolution.
    2 for6 against
4 proposals not matched to one resolution
  • Approve creation of charge on assets/sell/lease/dispose/encumber assets against borrowings raised/to be raised from the lenders up to Rs. 6.0 bn
    Against DSP Mutual Fund
    • DSP Mutual FundSecured loans generally carry lower interest rates and may offer relatively more favorable repayment terms compared to unsecured borrowings. However, we note that the proposed resolution also permits the creation of charge on the company’s assets in relation to borrowings availed by associate companies. We do not support the resolution.
    0 for1 against
  • Approve increase in borrowing limit to Rs. 6.0 bn from Rs. 3.5 bn, under section 180(1)(c) of the Companies Act, 2013
    1 for0 against
  • Approve Pledging of Assets for Debt
    1 for0 against
  • To: (i) give any loan to any person or other body corporate, (ii) give any guarantee or provide any security in connection with a loan to any other body corporate or person, and (iii) acquire by way of subscription, purchase or otherwise, the securities of any other body corporate, subject however that the aggregate of the loans and investments so far made in and the amount for which guarantees or securities have so far been provided to all persons or bodies corporate along with the additional investments, loans, guarantees or securities proposed to be made or given or provided by the Company from time to time, in future, shall not exceed the limit of INR 2000 Crores or 60% of the paid-up share capital, free reserves and securities premium account of the Company or 100% of free reserves and securities premium account of the Company, whichever is more, outstanding at any given point of time, as prescribed under Section 186 of the Act.MoreLess
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Mahindra Manulife Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance & Transparency Concern: Blanket approval sought with inadequate disclosures with regards to specific plan for utilization of said limit and the recipient of the proposed loans / investments.
    • Edelweiss Mutual Fund, Navi Mutual FundCompliant with the law. Governance & Transparency Concern: Blanket approval sought with inadequate disclosures w.r.t specific plan for utilization of said limit and the recipient of the proposed loans / investments.
    • Mahindra Manulife Mutual FundAs of 31 March 2026, PTC Industries' automatic Section 186 limit stood at approximately Rs. 13.5 bn. While we acknowledge the need for a higher cap—given the company's organic and inorganic growth strategy and the limited (approximately 12%) headroom remaining under the current limit—we note that this enabling resolution permits loans, guarantees, and investments to any entity, including promoter-group companies. Although past transactions were restricted to wholly-owned subsidiaries, the company has neither committed to maintaining this exclusivity nor disclosed specific target entities, operational details, or financial terms. Given the lack of granular clarity required to make an informed decision, we do not support the resolution.
    2 for4 against
6 earlier meetings

Mutual fund votes, meeting of 26 Sep 2025, 20 fund houses

  • To receive, consider and adopt (a) the audited financial statements of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors’ and Auditors’ thereon; and (b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2025 and the report of the Auditors thereonMoreLess
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundNon disclosure of the audited financial statements of Subsidiaries on the website of the Company.
    • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundUnqualified financial statements. Non-Compliant with S.136(1) of the Companies Act & Regulation 46(2)(s) of SEBI LODR: Nondisclosure of the audited financial statements of Subsidiaries on the website of the Company. (certain non-material observations were noted in the CARO Report).
    15 for5 against
  • To re-appoint Mr. Priya Ranjan Agarwal as a director liable to retire by rotation
    Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, Kotak Mahindra Mutual Fund, Mahindra Manulife Mutual Fund, Mirae Asset Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual Fund, Nippon India Mutual FundGovernance concern: Low attendance in Board meetings.
    • Axis Mutual Fund, Jio BlackRock Mutual Fund, Mahindra Manulife Mutual FundPriya Ranjan Agarwal, 67, Promoter, Director (Marketing), has been on the board since 1992. He is responsible for domestic marketing activities of the Company. He retires by rotation and attended one of seven (14.3%) board meetings held and three of nineteen (33%) meetings over the past three years. We expect directors to attend all board meetings and have a minimum 75% threshold for board meetings over a three-year period prior to their reappointment. We do not support the resolution.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual FundCompliant with law. No issues on merit of appointee. Governance concern: Low attendance in Board meetings.
    • HDFC Mutual FundMr. Priya Ranjan Agarwal, 67, Promoter, Director (Marketing), has been on the board since 1992. He is responsible for domestic marketing activities of the Company. Given his low board meeting attendance. We do not support the resolution.
    • ICICI Prudential Mutual FundPriya Ranjan Agarwal, 67, Promoter, Director (Marketing), has been on the board since 1992. He is responsible for domestic marketing activities of the Company. He retires by rotation and attended one of seven (14.3%) board meetings held and three of nineteen (33%) meetings over the past three years. Hence the AMC has voted against the resolution.
    • Invesco Mutual FundPriya Ranjan Agarwal, 67, Promoter, Director (Marketing), has been on the board since 1992. He is responsible for domestic marketing activities of the Company. He retires by rotation and attended one of seven (14.3%) board meetings held and three of nineteen (33%) meetings over the past three years. We expect directors to attend all board meetings and have a minimum 75% threshold for board meetings over a three-year period prior to their reappointment. We do not support the resolution
    • Kotak Mahindra Mutual FundPriya Ranjan Agarwal, 67, Promoter, Director (Marketing), has been on the board since 1992. He is responsible for domestic marketing activities of the Company. He retires by rotation and attended one of seven (14.3%) board meetings held and three of nineteen (33%) meetings over the past three years. Attendance of the appointee raises serious concern about the time commitment. Hence, we do not favour the resolution.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    6 for14 against
  • To appoint the Secretarial Auditor of the Company
    20 for0 against
  • Re-appointment of Mr. Sachin Agarwal as Chairman and Managing Director
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance concern: Combined position as Chairman & Managing Director will lead to concentration of power in the hands of a single person; No absolute cap on Variable pay and Remuneration paid to Chairman & Managing Director appears to be excessive with regards to intra-Board comparison.
    • Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual FundCompliant with law. No issues on merit of appointee. Governance concern: Combined position as Chairman & Managing Director will lead to concentration of power in the hands of a single person; No absolute cap on Variable pay and Remuneration paid to CMD appears to be excessive w.r.t intra-Board comparison.
    • Kotak Mahindra Mutual FundSachin Agarwal, 53, Promoter, Chairperson and Managing Director, has been on the board since June 1998 and attended six of seven board meetings in FY25. His remuneration in FY25 was Rs. 33.0 mn, comprising 72.6% commission. His proposed remuneration is estimated to range between Rs. 37.8 mn to Rs. 39.9 mn and comprises commission at 3% of profits. His total remuneration is uncapped, and in the absence of clarity, we cannot support the resolution.
    15 for5 against
  • Re-appointment of Mr. Alok Agarwal as Director – Technical & Quality
    20 for0 against
  • Re-appointment of Mr. Priya Ranjan Agarwal as Director (Marketing).
    Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, Kotak Mahindra Mutual Fund, Mahindra Manulife Mutual Fund, Mirae Asset Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual Fund, Nippon India Mutual FundGovernance concern: Low attendance in Board meetings.
    • Axis Mutual Fund, Jio BlackRock Mutual Fund, Mahindra Manulife Mutual FundPriya Ranjan Agarwal, 67, Promoter, Director (Marketing), on the board since 1992, attended 14.3% of the board meeting in FY25 and over the past three years 33% of the meetings. The board meeting attendance is low and well below our thresholds – therefore, we do not support Priya Ranja Agarwal’s reappointment to the board. We note his remuneration for FY25 was Rs. 7.8 mn : comprising 30% commission. His proposed remuneration is estimated to range between Rs. 9.0mn to Rs. 9.6 mn and comprises of a variable component of 0.6% of the Domestic Defence Sales. The company must put an absolute cap on overall remuneration. We do not support the resolution.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual FundCompliant with law. No issues on merit of appointee. Governance concern: Low attendance in Board meetings.
    • HDFC Mutual FundMr. Priya Ranjan Agarwal, 67, Promoter, Director (Marketing), on the board since 1992. The board meeting attendance is low. We do not support the resolution.
    • ICICI Prudential Mutual FundPriya Ranjan Agarwal, 67, Promoter, Director (Marketing), on the board since 1992, attended 14.3% of the board meeting in FY25 and over the past three years 33% of the meetings. Hence the AMC has voted against the resolution.
    • Invesco Mutual FundPriya Ranjan Agarwal, 67, Promoter, Director (Marketing), on the board since 1992, attended 14.3% of the board meeting in FY25 and over the past three years 33% of the meetings. The board meeting attendance is low and well below our thresholds – therefore, we do not support Priya Ranja Agarwal’s reappointment to the board. We note his remuneration for FY25 was Rs. 7.8 mn : comprising 30% commission. His proposed remuneration is estimated to range between Rs. 9.0mn to Rs. 9.6 mn and comprises of a variable component of 0.6% of the Domestic Defence Sales. The company must put an absolute cap on overall remuneration. We do not support the resolution
    • Kotak Mahindra Mutual FundPriya Ranjan Agarwal, 67, Promoter, Director (Marketing), on the board since 1992, attended 14.3% of the board meeting in FY25 and over the past three years 33% of the meetings. Attendance of the appointee raises serious concern about the time commitment. Hence, we do not favour the resolution.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    6 for14 against
  • Re-appointment of Ms. Smita Agarwal, Director and Chief Financial Officer
    20 for0 against

Mutual fund votes, meeting of 17 May 2025, 18 fund houses

  • Appointment of Mr. Rakesh Shukla (DIN 10955746) as an Independent Director of the Company for a term of five years.
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual FundTransparency concern: Lack of clarity over the appointment process followed by the Nomination Remuneration Committee.
    • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundAppointment compliant with law. Transparency concern: Lack of clarity over the appointment process followed by the Nomination Remuneration Committee.
    • Nippon India Mutual FundLack of Clarity
    12 for6 against

Mutual fund votes, meeting of 30 Sep 2024, 6 fund houses

  • To consider and adopt (a) the audited financial statements of the Company for the financial year ended March 31, 2024, and the reports of the Board of Directors and Auditors thereon; and (b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2024, and the report of the Auditors thereonMoreLess
    Against Bandhan Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual FundUnqualified financial statements. Non-Compliant with S.136(1) of the Companies Act: Non-disclosure of the audited financial statements of the subsidiary on the website of the Company.
    • Motilal Oswal Mutual Fundnot compliant with law.
    4 for2 against
  • To appoint a director in place of Mr. Alok Agarwal, who retires by rotation and being eligible, offers himself for re-appointment
    6 for0 against
  • Appointment of Mr. Kamesh Gupta (DIN: 09542162) as an Independent Director of thenCompany
    6 for0 against

Mutual fund votes, meeting of 8 Aug 2024, 1 fund house

  • Reappointment of Mr. Vishal Mehrotra as an Independent Director
    1 for0 against
  • To raise capital by way of a qualified institution placement to eligible investors through issuance of equity shares and/or other eligible securities
    1 for0 against

Mutual fund votes, meeting of 3 Feb 2024, 3 fund houses

  • Issuance of Equity Shares to the person belonging to ‘Non-Promoter Category’ on preferential basis
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance Concern: Lack of clarity on choice of mode of issuance as also selection of allottees
    1 for2 against
  • To approve request letters received from Ms. Anshoo Agarwal, Ms. Bina Agarwal, Ms. Kiran Arun Prasad, Mr. Arun Jwala Prasad, Mr. Manu Agarwal, Ms. Ritika Agarwal and Ms. Reena Agarwal part of the Promoter Group for reclassification from ‘Promoter and Promoter Group’ Category to ‘Public’ CategoryMoreLess
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance & Transparency Concern: Lack of clarity regarding whether any settlement agreement is entered between outgoing promoters other than Ms. Kiran Arun Prasad and Mr. Arun Jawala Prasad and the continuing promoters. No clarity regarding whether the conditions stipulated under regulation SEBI LODR has been complied with by the persons related to the remaining outgoing promoters, if any.
    1 for2 against

Mutual fund votes, meeting of 22 Sep 2023, 1 fund house

  • To consider and adopt (a) the audited financial statements of the Company for the financial year ended March 31, 2023 and the reports of the Board of Directors’ and Auditors’ thereon; and (b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2023 and the report of the Auditors thereon.MoreLess
    1 for0 against
  • To appoint a director in place of Ms. Smita Agarwal, who retires by rotation and being eligible, offers herself for re-appointment
    1 for0 against
  • To Appointment of M/s. S. N. Dhawan & CO. LLP, Chartered Accountants, as Statutory Auditor of the Company
    1 for0 against

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

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

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
Yes
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 Jun 2026.

RaisedAmount raisedForSet asideSpentSpent elsewhereReason and comments
QIPSep 2024, checked by ICRA Limited7.00––NoNo deviation reported during this quarter
₹ 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.