Railtel Corporation of India logo

Railtel Corporation of India MD, chairman, board of directors and AGM

NSE: RAILTELBSE: 543265Telecom - ServicesSmall Cap

Last close ₹229.00down ₹8.55 (3.60%)BSE ₹228.60

Share price at the NSE close on 23 Oct 2026. Previous close ₹237.55.

52-week range of traded prices to 23 Oct 2026
₹226.00Low, 23 Oct 2026₹391.00High, 26 Dec 2025
Market cap
₹7,349 Cr556th largest listed
P/E
21.2
P/E without one-offs
19.3
P/B
3.2
Dividend yield
1.42%
ROE
16.2%
ROE without one-offs
17.9%
ROCE
20.2%
Debt to equity
0.00
Volume, NSE
7,40,50237.9% delivered

Railtel Corporation of India board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.

  • Chairperson and managing directorSanjai Kumar
  • Company Secretary and Compliance OfficerJ S Marwah

7 directors1 independent4 executive2 non-executive

  • Sanjai Kumar · Chairperson and managing directorExecutive · joined May 2018 · 1 listed board
  • Vippagunta Rama Manohara RaoExecutive · joined Oct 2022 · 1 listed board · 1 committee seat
  • Manoj TandonExecutive · joined Mar 2023 · 1 listed board
  • Yashpal Singh TomarExecutive · joined Jul 2023 · 1 listed board
  • Rameshwer MeenaNominee, non-executive · joined Oct 2025 · 1 listed board · 1 committee seat
  • Ranjit KumarNominee, non-executive · joined Dec 2023 · 1 listed board · 2 committee seats
  • Asha SharmaIndependent · joined May 2025 · 13 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair

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

2 directors who left
  • Subhash Sharma, left 15 Apr 2026: Tenure Completion
  • Manoharan Nallasamy, left 9 Nov 2024: Tenure Completion

Committees and meetings

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

  • Board

    • 30 Apr 20267 of 7 present1 independent · 16 days in between
    • 13 Apr 20267 of 8 present2 independent · 34 days in between
    • 9 Mar 20268 of 8 present2 independent

  • Audit Committee

    Chair Asha Sharma

    Rameshwer Meena, Ranjit Kumar

    1 meeting of 2 without a quorum

    • 30 Apr 20263 of 3 present1 independent · 86 days in between · quorum not met
    • 2 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Asha Sharma

    Rameshwer Meena, Ranjit Kumar

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Asha Sharma

    Vippagunta Rama Manohara Rao, Ranjit Kumar

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Sanjai Kumar

    Yashpal Singh Tomar, Vippagunta Rama Manohara Rao, Manoj Tandon, Asha Sharma, Harish Chandra Batra

    • 14 Apr 20265 of 6 present1 independent · 115 days in between
    • 19 Dec 20255 of 6 present1 independent

  • Corporate Social Responsibility Committee

    Chair Asha Sharma

    Vippagunta Rama Manohara Rao, Ranjit Kumar

    • 13 Apr 20263 of 3 present1 independent · 165 days in between
    • 29 Oct 20253 of 3 present1 independent

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

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • Lunawat & Co.Peer-review certificate valid to Jul 2026
1 earlier auditor
  • M/s Lunawat & Co.Named 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.

Railtel Corporation of 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.Railtel Corporation of India dividend history

Annual general meeting, 20 Aug 2026

4,90,361 shareholders on the register on 13 Aug 2026; present: 1 promoter and 78 others; votes counted by Balika Sharma / Balika Sharma & Associates.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2026 together with the Report of the Board of Directors and Auditors thereon and the Comments of the Comptroller and Auditor General ('C and AG') of India thereonMoreLess
    Ordinary
    99.54% for0.46% against

    Against: promoters 0.00% · institutions 64.87% · other public 0.00%

    Turnout: all 76.72% · promoters 100.00% · institutions 54.63% · other public 12.73%

  2. To confirm the payment of Interim Dividends for the Financial Year 2025-26 and to declare the Final Dividend for the Financial Year 2025-26
    Ordinary
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 28.14% · other public 0.01%

    Turnout: all 76.72% · promoters 100.00% · institutions 54.74% · other public 12.73%

  3. To appoint a Director in place of Shri Yashpal Singh Tomar, Director Network, Planning and Marketing (DIN: 10215386) who retires by rotation and being eligible, offers himself for reappointment
    Ordinary
    95.79% for4.21% against

    Against: promoters 0.00% · institutions 28.19% · other public 92.28%

    Turnout: all 76.72% · promoters 100.00% · institutions 54.63% · other public 12.73%

  4. To authorize the Board of Directors of the Company to fix the remuneration of the Statutory Auditors to be appointed by C&AG of India for the Financial Year 2026-27
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.72% · promoters 100.00% · institutions 54.63% · other public 12.73%

  5. Ratification of the remuneration of the Cost Auditors for the Financial Year 2026-27
    Ordinary
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 28.27% · other public 0.03%

    Turnout: all 76.33% · promoters 100.00% · institutions 54.63% · other public 11.26%

  6. Appointment of Shri Rajesh Gupta, (DIN: 11881983) as Part-time Government Nominee Director, not liable to retire by rotation
    Ordinary
    95.93% for4.07% against

    Against: promoters 0.00% · institutions 39.01% · other public 87.28%

    Turnout: all 76.72% · promoters 100.00% · institutions 54.63% · other public 12.73%

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, 20 Aug 2025, 8 resolutions

5,20,723 shareholders on the register on 13 Aug 2025; present: 1 promoter and 96 others; votes counted by Balika Sharma / Balika Sharma & Associates.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2025 together with the Report of the Board of Directors and Auditors thereon and the Comments of the Comptroller & Auditor General (“C&AG”)MoreLess
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 16.48% · other public 0.01%

    Turnout: all 76.44% · promoters 100.00% · institutions 42.93% · other public 12.33%

  2. To confirm the payment of Interim Dividend for the Financial Year 2024-25 and to declare the Final Dividend for the Financial Year 2024-25
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 16.48% · other public 0.01%

    Turnout: all 76.44% · promoters 100.00% · institutions 42.93% · other public 12.33%

  3. To appoint a Director in place of Shri Manoj Tandon, Director/Project, Operation & Maintenance (DIN: 10044053), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    96.17% for3.83% against

    Against: promoters 0.00% · institutions 16.48% · other public 88.37%

    Turnout: all 76.44% · promoters 100.00% · institutions 42.93% · other public 12.33%

  4. To authorize the Board of Directors of the Company to fix the remuneration of the Statutory Auditors to be appointed by C&AG of India for the Financial Year 2025-26
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.44% · promoters 100.00% · institutions 42.93% · other public 12.33%

  5. Re-appointment of Dr. Subhash Sharma (DIN: 05333124) as Part-time Non-Official/ Independent Director not liable to retire by rotation
    Special
    97.47% for2.53% against

    Against: promoters 0.00% · institutions 35.91% · other public 55.75%

    Turnout: all 76.44% · promoters 100.00% · institutions 42.93% · other public 12.33%

  6. Appointment of Smt. Asha Sharma (DIN: 11104989) as Part-time Non-Official/ Independent Director, not liable to retire by rotation
    Special
    97.86% for2.14% against

    Against: promoters 0.00% · institutions 35.91% · other public 46.57%

    Turnout: all 76.44% · promoters 100.00% · institutions 42.93% · other public 12.33%

  7. Appointment of Secretarial Auditor of the Company
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 16.48% · other public 0.01%

    Turnout: all 76.44% · promoters 100.00% · institutions 42.93% · other public 12.33%

  8. Ratification of the remuneration of the Cost Auditors for the Financial Year 2025-2
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.44% · promoters 100.00% · institutions 42.93% · other public 12.33%

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

Annual general meeting, 21 Aug 2024, 6 resolutions

Present: 1 promoter and 86 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2024 together with the Reports of the Board of Directors and Auditors thereon and the Comments of the Comptroller & Auditor General of India (“C&AG”) thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.52% · promoters 100.00% · institutions 61.83% · other public 0.19%

  2. To confirm the payment of Interim Dividend for the Financial Year 2023-24 and to declare the Final Dividend for the Financial Year 2023-24.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.58%

    Turnout: all 74.52% · promoters 100.00% · institutions 61.83% · other public 0.19%

  3. To appoint a director in place of Shri Sanjai Kumar, Chairman and Managing Director (DIN: 06923630) who retires by rotation and being eligible, offers himself for reappointment.
    Ordinary
    99.66% for0.34% against

    Against: promoters 0.00% · institutions 16.99% · other public 1.99%

    Turnout: all 74.38% · promoters 100.00% · institutions 56.44% · other public 0.19%

  4. To authorize the Board of Directors of the Company to fix the remuneration of the Statutory Auditors to be appointed by C&AG of India for the Financial Year 2024-25.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.58%

    Turnout: all 74.52% · promoters 100.00% · institutions 61.83% · other public 0.19%

  5. Appointment of Shri Ranjit Kumar as Part-time Govt. Nominee Director of the Company, not liable to retire by rotation.
    Ordinary
    97.87% for2.13% against

    Against: promoters 0.00% · institutions 97.26% · other public 5.17%

    Turnout: all 74.52% · promoters 100.00% · institutions 61.83% · other public 0.19%

  6. To ratify the remuneration of the Cost Auditors for the Financial Year 2024-25.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.38%

    Turnout: all 74.52% · promoters 100.00% · institutions 61.83% · other public 0.19%

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, 31 Aug 2023, 9 resolutions

Present: 1 promoter and 115 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2023 together with the Report of the Board of Directors and Auditors thereon and the Comments of the Comptroller & Auditor General (“C&AG”) of India thereon.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.80%

    Turnout: all 76.66% · promoters 100.00% · institutions 87.06% · other public 0.36%

  2. To confirm the payment of Interim Dividend for the Financial Year 2022-23 and to declare the Final Dividend for the Financial Year 2022-23.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 11.62%

    Turnout: all 76.66% · promoters 100.00% · institutions 87.06% · other public 0.36%

  3. To appoint a Director in place of Shri V. Rama Manohara Rao, Director/Finance (DIN: 06689335) who retires by rotation and being eligible, offers himself for reappointment.
    Ordinary
    98.56% for1.44% against

    Against: promoters 0.00% · institutions 29.33% · other public 14.11%

    Turnout: all 76.66% · promoters 100.00% · institutions 87.06% · other public 0.36%

  4. To authorize the Board of Directors of the Company to fix the remuneration of the Statutory Auditors to be appointed by C&AG of India for the Financial Year 2023-24.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.94%

    Turnout: all 76.66% · promoters 100.00% · institutions 87.06% · other public 0.36%

  5. Appointment of Shri Rameshwer Meena as Part-time Govt. Nominee Director of the Company, not liable to retire by rotation.
    Ordinary
    97.34% for2.66% against

    Against: promoters 0.00% · institutions 54.13% · other public 16.39%

    Turnout: all 76.66% · promoters 100.00% · institutions 87.06% · other public 0.36%

  6. Appointment of Shri Manoj Tandon as Director/Project Operation & Maintenance of the Company, liable to retire by rotation.
    Ordinary
    98.52% for1.48% against

    Against: promoters 0.00% · institutions 29.95% · other public 15.38%

    Turnout: all 76.66% · promoters 100.00% · institutions 87.06% · other public 0.36%

  7. To accord approval to the change in designation of Shri Rakesh Ranjan as Part-time Govt. Nominee Director of the Company, not liable to retire by rotation.
    Ordinary
    99.22% for0.78% against

    Against: promoters 0.00% · institutions 15.73% · other public 16.34%

    Turnout: all 76.66% · promoters 100.00% · institutions 87.06% · other public 0.36%

  8. Appointment of Shri Yashpal Singh Tomar as Director/Network Planning & Marketing of the Company, liable to retire by rotation.
    Ordinary
    97.39% for2.61% against

    Against: promoters 0.00% · institutions 53.30% · other public 13.74%

    Turnout: all 76.66% · promoters 100.00% · institutions 87.06% · other public 0.36%

  9. To ratify the remuneration of the Cost Auditors for the Financial Year 2023-24.
    Ordinary
    98.85% for1.15% against

    Against: promoters 0.00% · institutions 23.35% · other public 8.38%

    Turnout: all 76.66% · promoters 100.00% · institutions 87.06% · other public 0.36%

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, 26 May 2023, 1 resolution

Present: 0 promoters and 66 others.The company's voting result (opens in a new tab)

  1. To approve the Scheme of Amalgamation between RailTel Enterprises Limited and RailTel Corporation of India Limited and their respective shareholders and creditors.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.57%

    Turnout: all 76.61% · promoters 100.00% · institutions 95.43% · other public 0.29%

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 Dec 2022, 4 resolutions

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

  1. Appointment of Shri Vikas Kumar Jain (DIN: 09611803), as Part-time Govt. Nominee Director of the Company, not liable to retire by rotation.
    Ordinary
    99.18% for0.82% against

    Against: promoters 0.00% · institutions 12.24% · other public 2.10%

    Turnout: all 78.23% · promoters 100.00% · institutions 93.03% · other public 0.91%

  2. To accord approval to the appointment and cessation of Shri Rabindra Nath Mishra (DIN: 09050821), ED/F (C&PPP)/RB as Additional Director for the period 07/10/2022 to 26/10/2022
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.38%

    Turnout: all 78.23% · promoters 100.00% · institutions 93.03% · other public 0.91%

  3. To accord approval to the change in designation of Shri Rakesh Ranjan (DIN: 09575567).
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.26%

    Turnout: all 78.23% · promoters 100.00% · institutions 93.03% · other public 0.91%

  4. Appointment of Shri V. Rama Manohara Rao (DIN: 06689335), as Director/Finance of the Company, liable to retire by rotation.
    Ordinary
    99.62% for0.38% against

    Against: promoters 0.00% · institutions 5.63% · other public 1.95%

    Turnout: all 78.23% · promoters 100.00% · institutions 93.03% · other public 0.91%

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 2022, 5 resolutions

Present: 1 promoter and 83 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the year ended 31st March, 2022 together with the report of the Board of Directors and Auditors thereon and the comments of the Comptroller & Auditor General (C&AG) of India thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.62%

    Turnout: all 77.48% · promoters 100.00% · institutions 93.85% · other public 0.52%

  2. To confirm the payment of Interim dividend for the financial Year 2021-22 and to declare Final dividend for the Financial Year 2021-22.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.71%

    Turnout: all 77.48% · promoters 100.00% · institutions 93.85% · other public 0.53%

  3. To appoint a Director in place of Shri Sanjai Kumar, Chairman and Managing Director (DIN:06923630), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.81% for0.19% against

    Against: promoters 0.00% · institutions 3.09% · other public 7.95%

    Turnout: all 77.47% · promoters 100.00% · institutions 93.85% · other public 0.51%

  4. To Authorize the Board of Directors of the Company to fix the remuneration of Statutory Auditors to be appointed by C&AG of India for the Financial Year 2022-23.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.46%

    Turnout: all 77.48% · promoters 100.00% · institutions 93.85% · other public 0.51%

  5. To ratify the remuneration of the Cost Auditors for the Financial year 2022-23.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.26% · other public 6.63%

    Turnout: all 77.48% · promoters 100.00% · institutions 93.85% · other public 0.51%

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, 15 Jul 2022, 6 resolutions

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

  1. Appointment of Smt. Aruna Singh as CMD(Addl. Charge) of the company liable to retire by rotation
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.91%

    Turnout: all 77.27% · promoters 100.00% · institutions 95.26% · other public 1.12%

  2. Appointment of Dr. Subhash Sharma as Part-time Non-Official/Independent Director of the company not liable to retire by rotation
    Special
    99.98% for0.02% against

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

    Turnout: all 77.27% · promoters 100.00% · institutions 95.26% · other public 1.12%

  3. Appointment of Shri N. Manoharan as Part-time Non-Official/Independent Director of the company not liable to retire by rotation
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.69%

    Turnout: all 77.27% · promoters 100.00% · institutions 95.26% · other public 1.11%

  4. Take note of Appointment of Shri Avinash Madhukarrao Ghate as Part-time Non-Official/Independent Director of the company for the period from 09/11/2021 to 02/03/2022.
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.92%

    Turnout: all 76.88% · promoters 100.00% · institutions 86.36% · other public 1.11%

  5. Appointment of Shri V. Shanker as Part-time Govt. Director of the company not liable to retire by rotation
    Ordinary
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 3.82% · other public 7.77%

    Turnout: all 77.27% · promoters 100.00% · institutions 95.26% · other public 1.11%

  6. Appointment of Shri Rakesh Ranjan as Part-time Govt. Director of the company not liable to retire by rotation
    Ordinary
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 3.82% · other public 5.96%

    Turnout: all 77.27% · promoters 100.00% · institutions 95.26% · other public 1.11%

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

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 20 Aug 2026, 8 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2026 together with the Report of the Board of Directors and Auditors thereon and the Comments of the Comptroller and Auditor General ('C and AG') of India thereonMoreLess
    Against Angel One Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance concern: Non-Compliant Audit Committee. Absence of a compliant Audit Committee casts serious doubts over the integrity/ accuracy of the financial statements.
    • DSP Mutual Fund, Jio BlackRock Mutual FundWe have relied upon the auditors’ report, which has raised concerns regarding non-compliance with board composition requirements as per Section 149(4) of the Companies Act, 2013, due to absence of adequate independent directors. Based on the auditors’ report, which is unqualified, the financial statements are in accordance with generally accepted accounting principles and Indian Accounting Standards (Ind AS). However, we raise concern that the company has not constituted an audit committee in line with regulations and did not have sufficient independent directors on the board when the accounts were finalized. We do not support the resolution.
    • Edelweiss Mutual Fund, Navi Mutual FundUnqualified Financial Statements (except certain non-material CARO observations). Governance concern: Non-Compliant Audit Committee. Absence of a compliant Audit Committee casts serious doubts over the integrity/ accuracy of the financial statements.
    3 for5 against
  • To confirm the payment of Interim Dividends for the Financial Year 2025-26 and to declare the Final Dividend for the Financial Year 2025-26
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance concern is raised in adoption of financial statements of the Company under resolution #1, dividend being appropriation post approval of accounts, cannot be paid if accounts are not voted FOR.
    • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. Sufficient fund to pay Dividend. Governance concern is raised in adoption of financial statements of the Company under resolution #1, dividend being appropriation post approval of accounts, cannot be paid if accounts are not voted FOR.
    5 for3 against
  • To appoint a Director in place of Shri Yashpal Singh Tomar, Director Network, Planning and Marketing (DIN: 10215386) who retires by rotation and being eligible, offers himself for reappointment
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
    • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of proposed appointee. Governance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
    5 for3 against
  • To authorize the Board of Directors of the Company to fix the remuneration of the Statutory Auditors to be appointed by C&AG of India for the Financial Year 2026-27
    8 for0 against
  • Ratification of the remuneration of the Cost Auditors for the Financial Year 2026-27
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance concern: The composition of Audit committee is non-compliant with applicable provisions of Companies Act, 2013 and SEBI LODR.
    • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: The composition of Audit committee is non-compliant with applicable provisions of Companies Act, 2013 and SEBI LODR.
    5 for3 against
  • Appointment of Shri Rajesh Gupta, (DIN: 11881983) as Part-time Government Nominee Director, not liable to retire by rotation
    Against Angel One Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundAddendum Notice: Non-Compliant with Secretarial Standard-2 (SS-2) on General Meetings. Governance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
    • DSP Mutual Fund, Jio BlackRock Mutual FundRajesh Gupta, 56, is Principal Executive Director/Signal Modernization in Railway Board, Ministry of Railways. He is an Indian Railway Service of Signal Engineer (IRSSE). He has served at various positions in Northern Railway, East Central Railway, Railway Board and also on deputation to Centre for Railway Information Systems (under Ministry of Railways) dealing with construction and maintenance of Signalling & Telecom systems and development of Information Technology Systems. He is not liable to retire by rotation. As a non-rotational director, he may get board permanency: however, we draw comfort from SEBI’s new amendments effective 1 April 2024 which require shareholder approval for all directors at least once in five years. While Rajesh Gupta’s appointment is in line with statutory requirements, we are unable to support the resolution because the board composition is not compliant with regulations on independent director representation. We expect the ministry to first address the board composition, before appointing its nominees to the board. Therefore, we are unable to support the resolution.
    • Edelweiss Mutual Fund, Navi Mutual FundNo concern on the merits of proposed appointee. Addendum Notice: Non-Compliant with Secretarial Standard-2 (SS-2) on General Meetings. Governance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
    3 for5 against

Mutual fund votes, meeting of 20 Aug 2025, 14 fund houses

  • To consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2025 together with the Report of the Board of Directors and Auditors thereon and the Comments of the Comptroller & Auditor General (“C&AG”)MoreLess
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance concern: Non-Compliant Audit Committee at time of approval of financials. Accounts not vetted by duly compliant audit committee.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundUnqualified financial statements. Compliant with Indian Accounting Standards. Governance concern: Non-Compliant Audit Committee at time of approval of financials. Accounts not vetted by duly compliant audit committee.
    8 for6 against
  • To confirm the payment of Interim Dividend for the Financial Year 2024-25 and to declare the Final Dividend for the Financial Year 2024-25
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance Concern is raised in adoption of financial statements of the Company under resolution #1, dividend being appropriation post approval of accounts, cannot be paid if accounts are not voted FOR.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundSufficient funds available for payment of dividend. Governance Concern is raised in adoption of financial statements of the Company under resolution #1, dividend being appropriation post approval of accounts, cannot be paid if accounts are not voted FOR.
    8 for6 against
  • To appoint a Director in place of Shri Manoj Tandon, Director/Project, Operation & Maintenance (DIN: 10044053), who retires by rotation and being eligible, offers himself for re-appointment
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance Concern: Board is non-compliant with the requirement of Independent Directors.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNo concern on the merits of the proposed appointee. Governance Concern: Board is non-compliant with the requirement of Independent Directors.
    8 for6 against
  • To authorize the Board of Directors of the Company to fix the remuneration of the Statutory Auditors to be appointed by C&AG of India for the Financial Year 2025-26
    14 for0 against
  • Re-appointment of Dr. Subhash Sharma (DIN: 05333124) as Part-time Non-Official/ Independent Director not liable to retire by rotation
    Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual FundNo cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments. Governance concern: Delayed Shareholders’ approval,Term of appointment is ambiguous, Re-appointment as Independent Director for a period of only one year.
    • Axis Mutual FundDr. Subhash Sharma, 47, is the Founder Director of the Think Tank: Centre for Economic Policy Research. His reappointment is line with regulations. As per public sources, Dr. Subhash Sharma has political affiliations that, we believe, may unnecessarily politicise the decisions of the corporation and distract the management from its core focus. The company should have disclosed his political affiliation as part of the shareholder notice. Further, while public sector enterprises are exempt from the requirement of seeking shareholder approval within three months of the appointment date, as a good practice, the company should have sought approval for his appointment within three months. We do not support the resolution.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNo concern on merit of Director. Non-Compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments. Governance concern: Delayed Shareholders’ approval, Term of appointment is ambiguous and against spirit of the law, Re-appointment as ID for a period of only one year.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Nippon India Mutual FundNon-Compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments
    5 for9 against
  • Appointment of Smt. Asha Sharma (DIN: 11104989) as Part-time Non-Official/ Independent Director, not liable to retire by rotation
    Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual FundGovernance concern: Term of appointment is ambiguous, Delayed Shareholders’ approval.
    • Axis Mutual FundMs. Asha Sharma, 58, is a scholar and educator. She has twenty-years of experience in teaching and training in biostatistics and data analysis to graduates and postgraduates across various academic courses, including biotechnology. She holds a post-graduation in mathematical statistics from Maharishi Dayanand University, Rohtak, a diploma in computer science and applications from Annaamalai University and a master’s degree in jyotirvigyan. As per company filings, Ms. Asha Sharma is associated with the Bhartiya Janata Party (BJP). While her appointment is in line with the statutory requirements, we believe her political affiliation may unnecessarily politicise the decisions of the corporation and distract the management from its core focus. Further, while public sector enterprises are exempt from the requirement of seeking shareholder approval within three months of the appointment date, as a good practice, the company should have sought approval for her appointment within three months. We do not support the resolution.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNo concern on merit of Director. Governance concern: Term of appointment is ambiguous and against spirit of the law, Delayed Shareholders’ approval.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Nippon India Mutual FundGovernance concern: Term of appointment is ambiguous and against spirit of the law, Delayed Shareholders’ approval.
    5 for9 against
  • Appointment of Secretarial Auditor of the Company
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundTransparency Concern: The Company has not disclosed the audit fee paid to outgoing Auditor and if there is any material change in the proposed audit fee and justification for material change, if any.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of proposed Auditors. Transparency Concern: The Company has not disclosed the audit fee paid to outgoing Auditor and if there is any material change in the proposed audit fee and justification for material change, if any.
    8 for6 against
  • Ratification of the remuneration of the Cost Auditors for the Financial Year 2025-2
    14 for0 against
6 earlier meetings

Mutual fund votes, meeting of 21 Aug 2024, 9 fund houses

  • To consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2024 together with the Reports of the Board of Directors and Auditors thereon and the Comments of the Comptroller & Auditor General of India (“C&AG”) thereon.MoreLess
    9 for0 against
  • To confirm the payment of Interim Dividend for the Financial Year 2023-24 and to declare the Final Dividend for the Financial Year 2023-24.
    9 for0 against
  • To appoint a director in place of Shri Sanjai Kumar, Chairman and Managing Director (DIN: 06923630) who retires by rotation and being eligible, offers himself for reappointment.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundAppointment Compliant with law. No concern on the merit of proposed appointee. Governance Concern: Board is non-compliant with requisite number of IDs/ Woman ID, therefore, concern raised against appointment of NIDs. Holding dual position of Chairman and Managing Director.
    • Nippon India Mutual FundBoard is non-compliant with requisite number of IDs/ Woman ID, therefore, concern raised against appointment of NIDs. Holding dual position of Chairman and Managing Director.
    5 for4 against
  • To authorize the Board of Directors of the Company to fix the remuneration of the Statutory Auditors to be appointed by C&AG of India for the Financial Year 2024-25.
    9 for0 against
  • Appointment of Shri Ranjit Kumar as Part-time Govt. Nominee Director of the Company, not liable to retire by rotation.
    Against Axis Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Axis Mutual FundRanjit Kumar, 48, is Executive Director (Telecom Development) in the Ministry of Railways. He is an Indian Railway Service Signal Engineer (IRSSE) and as has approximately 25 years of experience in Construction, Maintenance, PSU (DFCCIL), Vigilance and Railway Board. He will serve on the board as a Government Nominee. Because his directorship is non-rotational, he has board permanency. However, we draw comfort from SEBI’s new amendments effective 1 April 2024 which require shareholder approval for all directors at least once in five years. While Ranjit Kumar’s appointment is in line with statutory requirements, we are unable to support the resolution because the board composition is not compliant with regulations on independent director representation. We expect the ministry to first address the board composition, before appointing its nominees to the board. Further, while public sector enterprises are exempt from the requirement of seeking shareholder approval within three months of the appointment date, as a good practice, the company should have sought approval for Ranjit Kumar’s appointment within three months.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundAppointment compliant with law. No concern on the merit of the proposed appointee. Governance concern: Board is non-compliant with respect to requirement of minimum number of IDs, woman ID & Delayed Shareholders’ approval.
    • Nippon India Mutual FundBoard is non-compliant with respect to requirement of minimum number of IDs, woman ID & Delayed Shareholders’ approval.
    4 for5 against
  • To ratify the remuneration of the Cost Auditors for the Financial Year 2024-25.
    9 for0 against

Mutual fund votes, meeting of 31 Aug 2023, 3 fund houses

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

  • To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2023 together with the Report of the Board of Directors and Auditors thereon and the Comments of the Comptroller & Auditor General (“C&AG”) of India thereon.MoreLess
    2 for0 against
  • To confirm the payment of Interim Dividend for the Financial Year 2022-23 and to declare the Final Dividend for the Financial Year 2022-23.
    2 for0 against
  • To appoint a Director in place of Shri V. Rama Manohara Rao, Director/Finance (DIN: 06689335) who retires by rotation and being eligible, offers himself for reappointment.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern identified on the merits of the proposed appointees. Governance concern: Board is non-compliant with the requisite number of Independent Directors and Woman Director/ Independent Director as required under SEBI LODR & Companies Act.
    2 for1 against
  • To authorize the Board of Directors of the Company to fix the remuneration of the Statutory Auditors to be appointed by C&AG of India for the Financial Year 2023-24.
    3 for0 against
  • Appointment of Shri Rameshwer Meena as Part-time Govt. Nominee Director of the Company, not liable to retire by rotation.
    Against Motilal Oswal Mutual Fund, Taurus Mutual Fund
    • Motilal Oswal Mutual FundNo concern identified on the merits of the proposed appointee. Governance concern: Delayed Shareholders’ approval; Board is non-compliant with the requisite number of IDs & Woman ID as required under SEBI LODR & Companies Act.
    • Taurus Mutual FundRameshwer Meena, 53, is Executive Director/Signal in the Railway Board, Ministry of Railways. He is an Indian Railway Service Signal Engineer (IRSSE) and has held positions in Western Railway, North Central Railway, the Central Organization for Railway Electrification, and Rail Vikas Nigam Ltd., focusing on the construction and maintenance of signaling and Telecom systems. He will serve on the board as a Government Nominee. If he remains as a non-rotational director, he may get board permanency. However, we draw comfort from SEBI’s new amendments effective 1 April 2024 which require shareholder approval for all directors at least once in five years. While his appointment is in line with statutory requirements, we are unable to support the resolution because the board composition is not compliant with regulations on independent director representation. We expect the ministry to first address the board composition, before appointing its nominees to the board. Further, while public sector enterprises are exempt from the requirement of seeking shareholder approval within three months of the appointment date, as a good practice, the company should have sought approval for Rameshwer Meena’s appointment within three months.
    1 for2 against
  • Appointment of Shri Manoj Tandon as Director/Project Operation & Maintenance of the Company, liable to retire by rotation.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern identified on the merits of the proposed appointee. Governance concern: Delayed Shareholders’ approval; Board is non-compliant with the requisite number of IDs & Woman Director/ID as required under SEBI LODR & Companies Act.
    2 for1 against
  • To accord approval to the change in designation of Shri Rakesh Ranjan as Part-time Govt. Nominee Director of the Company, not liable to retire by rotation.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern identified on the merits of the proposed appointees. Governance concern: Board is non-compliant with the requisite number of Independent Directors and Woman Independent Director as required under SEBI LODR & Companies Act.
    1 for1 against
  • Appointment of Shri Yashpal Singh Tomar as Director/Network Planning & Marketing of the Company, liable to retire by rotation.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern identified on the merits of the proposed appointees. Governance concern: Board is non-compliant with the requisite number of Independent Directors and Woman Director/ Independent Director as required under SEBI LODR & Companies Act.
    2 for1 against
  • To ratify the remuneration of the Cost Auditors for the Financial Year 2023-24.
    2 for0 against
4 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 7, as a fund house numbered it
    Against Taurus Mutual Fund
    • Taurus Mutual FundRakesh Ranjan, 48, is Executive Director (Telecom Development) in the Ministry of Railways. He joined the board of this company on 18 April 2022 as a Government Nominee Director. He was then redesignated and appointed Director/Network Planning and Marketing (Addl. Charge) w.e.f. 6 October 2022. The company proposes to redesignate him a Government Nominee Director w.e.f. 4 July 2023. If he remains a non-rotational director, he may get board permanency. However, we draw comfort from SEBI’s new amendments effective 1 April 2024 which require shareholder approval for all directors at least once in five years.While his redesignation is in line with statutory requirements, we are unable to support the resolution because the board composition is not compliant with regulations on independent director representation. We expect the ministry to first address the board composition, before appointing its nominees to the board.
    0 for1 against
  • Item 9, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 26 May 2023, 4 fund houses

  • To approve the Scheme of Amalgamation between RailTel Enterprises Limited and RailTel Corporation of India Limited and their respective shareholders and creditors.
    4 for0 against

Mutual fund votes, meeting of 17 Dec 2022, 4 fund houses

  • Appointment of Shri Vikas Kumar Jain (DIN: 09611803), as Part-time Govt. Nominee Director of the Company, not liable to retire by rotation.
    Against Edelweiss Mutual Fund
    • Edelweiss Mutual FundGov Nominee should be liable for rotation on periodic basis
    3 for1 against
  • To accord approval to the appointment and cessation of Shri Rabindra Nath Mishra (DIN: 09050821), ED/F (C&PPP)/RB as Additional Director for the period 07/10/2022 to 26/10/2022
    4 for0 against
  • To accord approval to the change in designation of Shri Rakesh Ranjan (DIN: 09575567).
    4 for0 against
  • Appointment of Shri V. Rama Manohara Rao (DIN: 06689335), as Director/Finance of the Company, liable to retire by rotation.
    4 for0 against

Mutual fund votes, meeting of 18 Nov 2022, 1 fund house

  • 1. Appointment of Shri Vikas Kumar Jain as Part-time Govt. Nominee Director of the Company 2. To accord approval to the appointment and cessation of Shri Rabindra Nath Mishra 3. To accord approval to the change in designation of Shri Rakesh Ranjan 4. Appointment of Shri V. Rama Manohara Rao as Director Finance of the CompanyMoreLess
    1 for0 against

Mutual fund votes, meeting of 30 Sep 2022, 6 fund houses

  • To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the year ended 31st March, 2022 together with the report of the Board of Directors and Auditors thereon and the comments of the Comptroller & Auditor General (C&AG) of India thereon.MoreLess
    6 for0 against
  • To confirm the payment of Interim dividend for the financial Year 2021-22 and to declare Final dividend for the Financial Year 2021-22.
    6 for0 against
  • To appoint a Director in place of Shri Sanjai Kumar, Chairman and Managing Director (DIN:06923630), who retires by rotation and being eligible, offers himself for re-appointment.
    6 for0 against
  • To Authorize the Board of Directors of the Company to fix the remuneration of Statutory Auditors to be appointed by C&AG of India for the Financial Year 2022-23.
    6 for0 against
  • To ratify the remuneration of the Cost Auditors for the Financial year 2022-23.
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundLow audit fees
    5 for1 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
No
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.