Rain Industries logo

Rain Industries MD, chairman, board of directors and AGM

NSE: RAINBSE: 500339Chemicals & PetrochemicalsSmall Cap

Formerly Rain Commodities
Last close ₹198.18down ₹6.76 (3.30%)BSE ₹198.40

Share price at the NSE close on 23 Oct 2026. Previous close ₹204.94.

52-week range of traded prices to 23 Oct 2026
₹99.90Low, 9 Dec 2025₹252.00High, 7 Aug 2026
Market cap
₹6,666 Cr781st largest listed
P/E
12.4
P/B
0.8
Dividend yield
0.50%
ROE
7.2%
ROCE
9.5%
Debt to equity
1.30
Volume, NSE
34,28,32847.8% delivered

Rain Industries board of directors

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

  • Managing directorJagan Mohan Reddy Nellore
  • ChairpersonMcNamara Brian Jude
  • Company Secretary and Compliance OfficerS VENKAT RAMANA REDDY

7 directors4 independent1 executive2 non-executive

  • Radhakrishna Reddy NelloreNon-executive · joined Jan 1984 · reappointed Dec 2024 · 1 listed board · 1 committee seat
  • Jagan Mohan Reddy Nellore · Managing directorExecutive · joined Jun 1997 · reappointed Dec 2024 · 1 listed board · 1 committee seat
  • Sujith Kumarreddy NelloreNon-executive · joined Mar 1992 · reappointed May 2026 · 1 listed board · 1 committee seat, 1 as chair
  • Batra VarunIndependent · joined Feb 2018 · reappointed Feb 2023 · 103 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • McNamara Brian Jude · ChairpersonIndependent · joined Feb 2019 · reappointed Feb 2022 · 91 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Tonti Robert ThomasIndependent · joined Oct 2021 · reappointed Oct 2021 · 59 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Shanti Sree BolleniIndependent · joined Feb 2023 · reappointed Feb 2023 · 43 months as independent · 5 listed boards · 5 as independent · 9 committee seats, 1 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.

Committees and meetings

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

  • Board

    • 6 Aug 20267 of 7 present4 independent · 41 days in between
    • 25 Jun 20267 of 7 present4 independent
    • 8 May 20267 of 7 present4 independent

  • Audit Committee

    Chair Batra Varun

    McNamara Brian Jude, Tonti Robert Thomas, Shanti Sree Bolleni

    • 5 Aug 20264 of 4 present4 independent · 40 days in between
    • 25 Jun 20264 of 4 present4 independent
    • 7 May 20264 of 4 present4 independent

  • Nomination and remuneration committee

    Chair Shanti Sree Bolleni

    Batra Varun, McNamara Brian Jude, Tonti Robert Thomas

    • 5 Aug 20264 of 4 present4 independent

  • Stakeholders Relationship Committee

    Chair Sujith Kumarreddy Nellore

    Radhakrishna Reddy Nellore, Jagan Mohan Reddy Nellore, McNamara Brian Jude

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Jagan Mohan Reddy Nellore

    Sujith Kumarreddy Nellore, McNamara Brian Jude

    • 27 Jul 20263 of 3 present1 independent · 156 days in between
    • 20 Feb 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair Jagan Mohan Reddy Nellore

    Sujith Kumarreddy Nellore, McNamara Brian Jude

    No meeting listed in the filing.

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.R. Batliboi & Associates LLPPeer-review certificate valid to Jul 2027

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.

Rain 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.Rain Industries dividend history

Postal ballot, 10 Sep 2026

1,84,759 shareholders on the register on 7 Aug 2026; votes counted by DVM Gopal / dvmgopal & associates.The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Robert Thomas Tonti (DIN: 09367847) as an Independent Director of the Company for a period of 5 years i.e., from October 31, 2026 to October 30, 2031
    Special
    96.78% for3.22% against

    Against: promoters 0.00% · institutions 28.25% · other public 0.18%

    Turnout: all 52.34% · promoters 100.00% · institutions 56.84% · other public 10.48%

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, 12 May 2026, 4 resolutions

1,99,742 shareholders on the register on 5 May 2026; present: 12 promoters and 100 others; votes counted by DVM Gopal / DVMGopal & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone Audited Financial Statements of the Company for the Financial Year ended December 31, 2025 and reports of Board and Auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 50.93% · promoters 100.00% · institutions 59.16% · other public 7.80%

  2. To receive, consider and adopt the Consolidated Audited Financial Statements of the Company for the Financial Year ended December 31, 2025 and Report of Auditors thereon
    Ordinary
    99.67% for0.33% against

    Against: promoters 0.00% · institutions 2.92% · other public 0.01%

    Turnout: all 50.93% · promoters 100.00% · institutions 59.16% · other public 7.80%

  3. To approve and ratify the interim dividend of Rs. 1 per equity share for the financial year ended 31st December, 2025
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 50.96% · promoters 100.00% · institutions 59.48% · other public 7.80%

  4. To appoint a Director in place of Mr. N. Sujith Kumar Reddy (DIN: 00022383) who retires by rotation and being eligible offers himself for re-appointment
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.19% · other public 0.08%

    Turnout: all 50.96% · promoters 100.00% · institutions 59.48% · other public 7.80%

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, 9 May 2025, 5 resolutions

2,13,182 shareholders on the register on 2 May 2025; present: 12 promoters and 80 others; votes counted by DVM Gopal / DVMGopal & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone Audited Financial Statements of the Company for the Financial Year ended December 31, 2024 and reports of Board and Auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 57.54% · promoters 100.00% · institutions 81.01% · other public 9.14%

  2. To receive, consider and adopt the Consolidated Audited Financial Statements of the Company for the Financial Year ended December 31, 2024 and Report of Auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 57.54% · promoters 100.00% · institutions 81.01% · other public 9.14%

  3. To approve and ratify the interim dividend of Rs. 1 per equity share for the financial year ended 31st December, 2024
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 57.59% · promoters 100.00% · institutions 81.33% · other public 9.14%

  4. To appoint a Director in place of Mr. N. Sujith Kumar Reddy (DIN: 00022383) who retires by rotation and being eligible offers himself for re-appointment
    Ordinary
    95.95% for4.05% against

    Against: promoters 0.00% · institutions 18.61% · other public 0.57%

    Turnout: all 57.59% · promoters 100.00% · institutions 81.33% · other public 9.14%

  5. To appoint the Secretarial Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 57.59% · promoters 100.00% · institutions 81.33% · other public 9.14%

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 Dec 2024, 2 resolutions

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

  1. Appointment of Mr. Jagan Mohan Reddy Nellore (DIN: 00017633), as the Managing Director of the Company for a period of 5 years i.e., from December 10, 2024 to December 9, 2029
    Ordinary
    95.22% for4.78% against

    Against: promoters 0.00% · institutions 25.42% · other public 0.20%

    Turnout: all 56.67% · promoters 100.00% · institutions 80.69% · other public 10.73%

  2. Continuation of Appointment of Mr. N. Radhakrishna Reddy (DIN: 00021052), as Non-Executive Director of the Company with effect from December 10, 2024
    Special
    98.63% for1.37% against

    Against: promoters 0.00% · institutions 7.20% · other public 0.22%

    Turnout: all 56.65% · promoters 100.00% · institutions 80.69% · other public 10.68%

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

Annual general meeting, 3 May 2024, 8 resolutions

Present: 13 promoters and 75 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone Audited Financial Statements of the Company for the Financial Year ended December 31, 2023 and reports of Board and Auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 53.58% · promoters 100.00% · institutions 80.39% · other public 8.17%

  2. To receive, consider and adopt the Consolidated Audited Financial Statements of the Company for the Financial Year ended December 31, 2023 and Report of Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 53.58% · promoters 100.00% · institutions 80.39% · other public 8.17%

  3. To approve and ratify the interim dividend of Rs. 1 per equity share for the financial year ended 31st December, 2023.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 53.62% · promoters 100.00% · institutions 80.86% · other public 8.16%

  4. To appoint a Director in place of Mr. Jagan Mohan Reddy Nellore (DIN: 00017633) who retires by rotation and being eligible offers himself for re-appointment
    Ordinary
    98.92% for1.08% against

    Against: promoters 0.00% · institutions 6.77% · other public 0.06%

    Turnout: all 53.63% · promoters 100.00% · institutions 80.86% · other public 8.17%

  5. To grant authorization to the Board of Directors to borrow money
    Special
    97.29% for2.71% against

    Against: promoters 0.00% · institutions 16.95% · other public 0.10%

    Turnout: all 53.63% · promoters 100.00% · institutions 80.86% · other public 8.17%

  6. To grant authorization to the Board of Directors to create Mortgage / Charge / Pledge / Hypothecation / Lien on the assets of the Company
    Special
    97.29% for2.71% against

    Against: promoters 0.00% · institutions 16.95% · other public 0.10%

    Turnout: all 53.63% · promoters 100.00% · institutions 80.86% · other public 8.17%

  7. To grant authorization to the Board to make loan, investment, give guarantee and provide security
    Special
    85.25% for14.75% against

    Against: promoters 0.00% · institutions 92.58% · other public 0.11%

    Turnout: all 53.63% · promoters 100.00% · institutions 80.86% · other public 8.17%

  8. To grant approval for making Contributions or Donations for Charitable purposes
    Special
    85.20% for14.80% against

    Against: promoters 0.00% · institutions 92.91% · other public 0.08%

    Turnout: all 53.62% · promoters 100.00% · institutions 80.86% · other public 8.16%

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, 2 May 2023, 6 resolutions

Present: 13 promoters and 66 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone Audited Financial Statements of the Company for the Financial Year ended December 31, 2022 and reports of Board and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 63.29% · promoters 100.00% · institutions 89.34% · other public 10.53%

  2. To receive, consider and adopt the Consolidated Audited Financial Statements of the Company for the Financial Year ended December 31, 2022 and Report of Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 63.29% · promoters 100.00% · institutions 89.34% · other public 10.53%

  3. To approve and ratify interim dividend of Rs. 1 per equity share for the financial year ended 31st December, 2022.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 63.35% · promoters 100.00% · institutions 89.63% · other public 10.53%

  4. To appoint a Director in place of Mr.N Sujith Kumar Reddy (DIN: 00022383) who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.03% · other public 0.05%

    Turnout: all 63.30% · promoters 100.00% · institutions 89.63% · other public 10.40%

  5. Appointment of S. R. Batliboi & Associates LLP, Chartered Accountants, as Statutory Auditors of the Company to hold the office from the conclusion of this 48th Annual General Meeting till the conclusion of the 53rd Annual General Meeting of the Company to be held in the year 2028.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 63.35% · promoters 100.00% · institutions 89.63% · other public 10.53%

  6. To appoint Ms. B. Shanti Sree (DIN: 07092258), as an Independent Director of the Company for a period of 5 years i.e., from February 28, 2023 to February 27, 2028.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 63.30% · promoters 100.00% · institutions 89.63% · other public 10.40%

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 Dec 2022, 1 resolution

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

  1. Re-appointment of Mr. Varun Batra (DIN: 00020526), as an Independent Director of the Company for a period of 5 years i.e., from February 28, 2023 to February 27, 2028.
    Special
    99.78% for0.22% against

    Against: promoters 0.00% · institutions 0.79% · other public 0.05%

    Turnout: all 61.79% · promoters 100.00% · institutions 89.34% · other public 8.78%

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

Annual general meeting, 6 May 2022, 4 resolutions

Present: 13 promoters and 67 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone Audited Financial Statements of the Company for the Financial Year ended December 31, 2021 and reports of Board and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 60.87% · promoters 100.00% · institutions 92.84% · other public 11.01%

  2. To receive, consider and adopt the Consolidated Audited Financial Statements of the Company for the Financial Year ended December 31, 2021 and Report of Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 60.87% · promoters 100.00% · institutions 92.84% · other public 11.01%

  3. To approve and ratify interim dividend of Rs. 1 per equity share for the financial year ended 31st December, 2021.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 60.92% · promoters 100.00% · institutions 93.11% · other public 11.01%

  4. To appoint a Director in place of Mr. Jagan Mohan Reddy Nellore (DIN: 00017633) who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.44% · other public 0.01%

    Turnout: all 60.92% · promoters 100.00% · institutions 93.11% · other public 11.00%

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.

Mutual fund votes, meeting of 10 Sep 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)

  • Re-appointment of Mr. Robert Thomas Tonti (DIN: 09367847) as an Independent Director of the Company for a period of 5 years i.e., from October 31, 2026 to October 30, 2031
    Against Angel One Mutual Fund, ICICI Prudential Mutual Fund
    • Angel One Mutual FundTransparency concern: Lack of clarity whether he served a cooling off of period of 3 years between his executive role and being appointed as an Independent Director in the group and as per the disclosures provided by the Company in the Notice, it is unclear regarding his association with the group.
    • ICICI Prudential Mutual FundDue to long association with the group, the AMC has voted against the resolution.
    0 for2 against

Mutual fund votes, meeting of 12 May 2026, 6 fund houses

  • To receive, consider and adopt the Standalone Audited Financial Statements of the Company for the Financial Year ended December 31, 2025 and reports of Board and Auditors thereon
    6 for0 against
  • To receive, consider and adopt the Consolidated Audited Financial Statements of the Company for the Financial Year ended December 31, 2025 and Report of Auditors thereon
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundNon-disclosure of the audited financial statements of all Subsidiaries on the website of the Company.
    • Bandhan Mutual Fund, Groww 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 all Subsidiaries on the website of the Company.
    • Motilal Oswal Mutual FundNon-disclosure of financials of all subsidiaries on website.
    2 for4 against
  • To approve and ratify the interim dividend of Rs. 1 per equity share for the financial year ended 31st December, 2025
    6 for0 against
  • To appoint a Director in place of Mr. N. Sujith Kumar Reddy (DIN: 00022383) who retires by rotation and being eligible offers himself for re-appointment
    6 for0 against
6 earlier meetings

Mutual fund votes, meeting of 9 May 2025, 6 fund houses

  • To receive, consider and adopt the Standalone Audited Financial Statements of the Company for the Financial Year ended December 31, 2024 and reports of Board and Auditors thereon
    6 for0 against
  • To receive, consider and adopt the Consolidated Audited Financial Statements of the Company for the Financial Year ended December 31, 2024 and Report of Auditors thereon
    6 for0 against
  • To approve and ratify the interim dividend of Rs. 1 per equity share for the financial year ended 31st December, 2024
    6 for0 against
  • To appoint a Director in place of Mr. N. Sujith Kumar Reddy (DIN: 00022383) who retires by rotation and being eligible offers himself for re-appointment
    6 for0 against
  • To appoint the Secretarial Auditors of the Company
    6 for0 against

Mutual fund votes, meeting of 9 Dec 2024, 5 fund houses

  • Appointment of Mr. Jagan Mohan Reddy Nellore (DIN: 00017633), as the Managing Director of the Company for a period of 5 years i.e., from December 10, 2024 to December 9, 2029
    Against Bandhan Mutual Fund, Groww Mutual Fund, ICICI Prudential Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on the merit of proposed appointee. Governance & Transparency Concern: No clarity on terms of appointment u/s 152 of Companies Act, 2013
    • ICICI Prudential Mutual FundThe AMC has voted against the resolution due to lack of clarity on remuneration being paid by group companies.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    0 for5 against
  • Continuation of Appointment of Mr. N. Radhakrishna Reddy (DIN: 00021052), as Non-Executive Director of the Company with effect from December 10, 2024
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on the merit of proposed Director. Non-Compliant with Section 152 of Companies Act: Longest serving director not being retired.
    2 for3 against

Mutual fund votes, meeting of 3 May 2024, 4 fund houses

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

  • To receive, consider and adopt the Standalone Audited Financial Statements of the Company for the Financial Year ended December 31, 2023 and reports of Board and Auditors thereon
    4 for0 against
  • To receive, consider and adopt the Consolidated Audited Financial Statements of the Company for the Financial Year ended December 31, 2023 and Report of Auditors thereon.
    4 for0 against
  • To approve and ratify the interim dividend of Rs. 1 per equity share for the financial year ended 31st December, 2023.
    4 for0 against
  • To appoint a Director in place of Mr. Jagan Mohan Reddy Nellore (DIN: 00017633) who retires by rotation and being eligible offers himself for re-appointment
    4 for0 against
  • To grant authorization to the Board of Directors to borrow money
    Against Groww Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: ~88% of the existing borrowing limits remains unutilized and the proposed borrowing limit is more than the Asset size of the Company.
    • HDFC Mutual FundLack of clarity with regard to rationale of providing of financial assistance to a related entity
    • ICICI Prudential Mutual FundRain Industries Limited is the holding company of the group – it has minimal operations at the standalone level. There is adequate headroom in the current borrowing limit. Therefore, the rationale for an increase in limit is unclear. In the absence of this clarity, the AMC has voted against the resolution.
    0 for4 against
  • To grant authorization to the Board of Directors to create Mortgage / Charge / Pledge / Hypothecation / Lien on the assets of the Company
    Against Groww Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: ~88% of the existing borrowing limits remains unutilized and the proposed borrowing limit is more than the Asset size of the Company.
    • HDFC Mutual FundLack of clarity with regard to rationale of providing of financial assistance to a related entity
    • ICICI Prudential Mutual FundThe rationale for such a high limit to create charge is unclear. Hence, the AMC has voted against the resolution.
    0 for4 against
  • To grant authorization to the Board to make loan, investment, give guarantee and provide security
    Against Groww Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Omnibus approval; Inadequate disclosure.
    • HDFC Mutual FundLack of clarity with regard to rationale of providing of financial assistance to a related entity
    • ICICI Prudential Mutual FundThe company must disclose granular details including names of companies they intend to transact with, the nature and size of their operations and terms of support, to enable shareholders to make an informed decision. Given the lack of clarity, the AMC has voted against the resolution.
    0 for4 against
1 proposal not matched to one resolution
  • To contribute, donate, subscribe or otherwise provide assistance from time to time to any Charitable funds, Charitable Institutions, Society, Association, Non-Profit Organisation, Non-Profit Companies (i.e., Companies formed under Section 25 of the Companies Act, 1956 / Section 8 of the Companies Act, 2013), Trusts and such other Funds for taking up of any programme, activities of social, cultural, educational, sports, economic, rural development of people at large and / or incur any expenditure on their behalf, upto an amount not exceeding to Rs. 10,00,00,000 in any financial year, notwithstanding the fact that said amount may exceed 5% of the Company’s average net profit as determined in accordance with the provisions of the Companies Act, 2013 during the three years immediately preceding the current Financial Year.MoreLess
    Against Groww Mutual Fund, ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Inadequate disclosures.
    • ICICI Prudential Mutual FundThe total CSR obligation for the financial year is Nil because of losses. There is no case to increase any limits here beyond what is already present and hence the AMC has voted against the resolution.
    1 for3 against

Mutual fund votes, meeting of 2 May 2023, 12 fund houses

  • To receive, consider and adopt the Standalone Audited Financial Statements of the Company for the Financial Year ended December 31, 2022 and reports of Board and Auditors thereon.
    12 for0 against
  • To receive, consider and adopt the Consolidated Audited Financial Statements of the Company for the Financial Year ended December 31, 2022 and Report of Auditors thereon.
    12 for0 against
  • To approve and ratify interim dividend of Rs. 1 per equity share for the financial year ended 31st December, 2022.
    12 for0 against
  • To appoint a Director in place of Mr.N Sujith Kumar Reddy (DIN: 00022383) who retires by rotation and being eligible offers himself for re-appointment.
    12 for0 against
  • Appointment of S. R. Batliboi & Associates LLP, Chartered Accountants, as Statutory Auditors of the Company to hold the office from the conclusion of this 48th Annual General Meeting till the conclusion of the 53rd Annual General Meeting of the Company to be held in the year 2028.MoreLess
    12 for0 against
  • To appoint Ms. B. Shanti Sree (DIN: 07092258), as an Independent Director of the Company for a period of 5 years i.e., from February 28, 2023 to February 27, 2028.
    12 for0 against

Mutual fund votes, meeting of 8 Dec 2022, 9 fund houses

  • Re-appointment of Mr. Varun Batra (DIN: 00020526), as an Independent Director of the Company for a period of 5 years i.e., from February 28, 2023 to February 27, 2028.
    9 for0 against

Mutual fund votes, meeting of 6 May 2022, 10 fund houses

  • To receive, consider and adopt the Standalone Audited Financial Statements of the Company for the Financial Year ended December 31, 2021 and reports of Board and Auditors thereon.
    10 for0 against
  • To receive, consider and adopt the Consolidated Audited Financial Statements of the Company for the Financial Year ended December 31, 2021 and Report of Auditors thereon.
    10 for0 against
  • To approve and ratify interim dividend of Rs. 1 per equity share for the financial year ended 31st December, 2021.
    10 for0 against
  • To appoint a Director in place of Mr. Jagan Mohan Reddy Nellore (DIN: 00017633) who retires by rotation and being eligible offers himself for re-appointment.
    10 for0 against

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

Investor complaints and compliance

Quarter by quarter.

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

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.