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Rallis India CEO, MD, chairman, board of directors and AGM

NSE: RALLISBSE: 500355Fertilizers & AgrochemicalsSmall Cap

Last close ₹194.57down ₹9.03 (4.44%)BSE ₹194.65

Share price at the NSE close on 23 Oct 2026. Previous close ₹203.60.

52-week range of traded prices to 23 Oct 2026
₹188.10Low, 23 Oct 2026₹298.40High, 18 Feb 2026
Market cap
₹3,784 Cr788th largest listed
P/E
19.2
P/B
1.7
Dividend yield
1.54%
ROE
9.3%
ROCE
11.3%
Debt to equity
0.00
Volume, NSE
20,36,48842.2% delivered

Rallis India board of directors

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

  • ChairpersonS. PadmanabhanRelated to the promoter
  • Managing director and CEOGyanendra Shukla
  • Company Secretary and Compliance OfficerSariga P Gokul

8 directors5 independent1 executive2 non-executive

  • S. Padmanabhan · ChairpersonNon-executive · joined Aug 2024 · 2 listed boards
  • C. V. NatrajIndependent · joined Jul 2016 · reappointed Jul 2021 · 119 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • Padmini Khare KaickerIndependent · joined Jul 2016 · reappointed Jul 2021 · 119 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 3 as chair
  • Ashok Hiralal SharmaIndependent · joined Feb 2026 · reappointed Feb 2026 · 5 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Rashmi Satish JoshiIndependent · joined Apr 2026 · reappointed Apr 2026 · 3 months as independent · 6 listed boards · 6 as independent · 8 committee seats, 2 as chair
  • David Francis CreanIndependent · joined Apr 2026 · reappointed Apr 2026 · 3 months as independent · 2 listed boards · 2 as independent · 1 committee seat
  • Mukundan RamakrishnanNon-executive · joined Dec 2009 · 2 listed boards · 3 committee seats
  • Gyanendra Shukla · Managing director and CEOExecutive · joined Apr 2024 · 1 listed board · 1 committee seat

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
  • Mahesh Kumar Girdhar, left 24 Jun 2026: Others
  • Narain Duraiswami, left 18 Sep 2025: Others

Committees and meetings

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

  • Board

    • 27 Apr 20268 of 8 present5 independent · 31 days in between
    • 26 Mar 20267 of 7 present4 independent · 34 days in between
    • 19 Feb 20267 of 7 present4 independent · no day in between
    • 18 Feb 20267 of 7 present4 independent · 28 days in between
    1 earlier meeting
    • 20 Jan 20266 of 6 present3 independent

  • Audit Committee

    Chair Padmini Khare Kaicker

    C. V. Natraj, Rashmi Satish Joshi, Ashok Hiralal Sharma, Mukundan Ramakrishnan

    • 27 Apr 20266 of 6 present5 independent · 66 days in between
    • 19 Feb 20264 of 4 present3 independent · 29 days in between
    • 20 Jan 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair C. V. Natraj

    Padmini Khare Kaicker, Mukundan Ramakrishnan

    • 27 Apr 20263 of 3 present2 independent · 67 days in between
    • 18 Feb 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair C. V. Natraj

    Mukundan Ramakrishnan, Gyanendra Shukla

    • 20 Jan 20263 of 3 present1 independent

  • Risk Management Committee

    Chair Padmini Khare Kaicker

    Gyanendra Shukla, Bhaskar Swaminathan

    • 19 Feb 20262 of 2 present1 independent

  • Corporate Social Responsibility Committee

    Chair C. V. Natraj

    Gyanendra Shukla

    • 18 Feb 20263 of 3 present2 independent

  • Safety, Health, Environment and Sustainability Committee

    Chair C. V. Natraj

    Mahesh Kumar Girdhar, Gyanendra Shukla

    • 19 Feb 20263 of 3 present2 independent

  • Executive Committee

    Chair S. Padmanabhan

    C. V. Natraj, Gyanendra Shukla

    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 Mar 2026.

  • B S R & Co. LLPPeer-review certificate valid to Jul 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.

Rallis 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.Rallis India dividend history

Annual general meeting, 23 Jun 2026

1,32,507 shareholders on the register on 16 Jun 2026; present: 2 promoters and 75 others; votes counted by Bhaskar Upadhyay / N L Bhatia & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 74.18% · promoters 100.00% · institutions 86.47% · other public 0.77%

  2. To declare a dividend of Rs. 3/- per Equity Share of face value of Rs. 1/- each for the financial year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.20% · promoters 100.00% · institutions 86.56% · other public 0.77%

  3. To appoint a Director in place of Mr. S. Padmanabhan (DIN: 00306299), who retires by rotation and being eligible, offers himself for re-appointment up to and inclusive of May 14, 2028.
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.22% · other public 0.53%

    Turnout: all 74.20% · promoters 100.00% · institutions 86.56% · other public 0.77%

  4. Appointment of Ms. Rashmi Joshi (DIN: 06641898) as an Independent Director.
    Special
    99.73% for0.27% against

    Against: promoters 0.00% · institutions 1.06% · other public 0.44%

    Turnout: all 74.20% · promoters 100.00% · institutions 86.56% · other public 0.77%

  5. Appointment of Mr. David Francis Crean (DIN: 09584874) as an Independent Director.
    Special
    100.00% for0.00% against

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

    Turnout: all 74.20% · promoters 100.00% · institutions 86.56% · other public 0.77%

  6. Ratification of Remuneration of the Cost Auditors.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.49%

    Turnout: all 74.20% · promoters 100.00% · institutions 86.56% · other public 0.77%

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, 12 Apr 2026, 1 resolution

1,31,944 shareholders on the register on 6 Mar 2026; votes counted by Bhaskar Upadhyay / N L Bhatia & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Ashok Hiralal Sharma (DIN: 02766679) as an Independent Director
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.10% · other public 1.33%

    Turnout: all 74.55% · promoters 100.00% · institutions 83.04% · other public 0.92%

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 Feb 2026, 1 resolution

1,37,223 shareholders on the register on 2 Jan 2026; votes counted by Bhaskar Upadhyay / N L Bhatia & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Mahesh Kumar Girdhar (DIN: 10270848) as an Independent Director
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.10% · other public 0.16%

    Turnout: all 76.01% · promoters 100.00% · institutions 81.71% · other public 6.92%

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, 23 Jun 2025, 5 resolutions

1,32,578 shareholders on the register on 16 Jun 2025; present: 2 promoters and 83 others; votes counted by Bhaskar Upadhyay / N L Bhatia & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 78.95% · promoters 100.00% · institutions 90.12% · other public 3.31%

  2. To declare a dividend of Rs. 2.50 per Equity Share of face value of Re. 1 each for the financial year ended March 31, 2025
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 78.98% · promoters 100.00% · institutions 90.23% · other public 3.32%

  3. To appoint a Director in place of Mr. R. Mukundan (DIN: 00778253), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    98.27% for1.73% against

    Against: promoters 0.00% · institutions 5.88% · other public 0.17%

    Turnout: all 78.98% · promoters 100.00% · institutions 90.23% · other public 3.32%

  4. Appointment of Secretarial Auditors of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 78.98% · promoters 100.00% · institutions 90.23% · other public 3.31%

  5. Ratification of Remuneration of the Cost Auditors
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 78.98% · promoters 100.00% · institutions 90.23% · other public 3.31%

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, 29 Sep 2024, 1 resolution

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

  1. Appointment of Mr. S. Padmanabhan (DIN: 00306299) as a Director of the Company
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.14% · other public 0.18%

    Turnout: all 79.89% · promoters 100.00% · institutions 94.95% · other public 8.03%

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 Jun 2024, 4 resolutions

Present: 2 promoters and 58 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.03% · promoters 100.00% · institutions 93.53% · other public 1.19%

  2. To declare dividend on the Equity Shares for the financial year ended March 31, 2024.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.06% · promoters 100.00% · institutions 93.64% · other public 1.19%

  3. To appoint a Director in place of Mr. R. Mukundan (DIN: 00778253), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.07% for0.93% against

    Against: promoters 0.00% · institutions 3.30% · other public 1.37%

    Turnout: all 77.06% · promoters 100.00% · institutions 93.64% · other public 1.19%

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

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

    Turnout: all 77.06% · promoters 100.00% · institutions 93.64% · other public 1.19%

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.

Postal ballot, 18 Apr 2024, 3 resolutions

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

  1. Appointment of Mr. Narain Duraiswami (DIN: 03310642) as an Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.29%

    Turnout: all 76.14% · promoters 100.00% · institutions 92.60% · other public 1.23%

  2. Appointment of Dr. Gyanendra Shukla (DIN: 02922133) as Director of the Company
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.16% · other public 2.37%

    Turnout: all 76.14% · promoters 100.00% · institutions 92.60% · other public 1.23%

  3. Appointment of Dr. Gyanendra Shukla (DIN: 02922133) as Managing Director & Chief Executive Officer of the Company
    Ordinary
    91.00% for9.00% against

    Against: promoters 0.00% · institutions 32.93% · other public 2.45%

    Turnout: all 76.14% · promoters 100.00% · institutions 92.59% · other public 1.23%

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, 15 Jun 2023, 4 resolutions

Present: 2 promoters and 63 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 78.50% · promoters 100.00% · institutions 94.44% · other public 27.98%

  2. To declare dividend on the Equity Shares for the financial year ended March 31, 2023
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 78.57% · promoters 100.00% · institutions 94.80% · other public 27.98%

  3. To appoint a Director in place of Mr. Bhaskar Bhat (DIN: 00148778), who retires by rotation and being eligible, offers himself for re-appointment up to and inclusive of August 29, 2024
    Ordinary
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 0.51% · other public 0.02%

    Turnout: all 78.57% · promoters 100.00% · institutions 94.80% · other public 27.98%

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

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

    Turnout: all 78.57% · promoters 100.00% · institutions 94.80% · other public 27.98%

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 23 Jun 2026, 10 fund houses

  • To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.
    10 for0 against
  • To declare a dividend of Rs. 3/- per Equity Share of face value of Rs. 1/- each for the financial year ended March 31, 2026.
    10 for0 against
  • To appoint a Director in place of Mr. S. Padmanabhan (DIN: 00306299), who retires by rotation and being eligible, offers himself for re-appointment up to and inclusive of May 14, 2028.
    10 for0 against
  • Appointment of Ms. Rashmi Joshi (DIN: 06641898) as an Independent Director.
    10 for0 against
  • Appointment of Mr. David Francis Crean (DIN: 09584874) as an Independent Director.
    10 for0 against
  • Ratification of Remuneration of the Cost Auditors.
    10 for0 against

Mutual fund votes, meeting of 12 Apr 2026, 8 fund houses

  • Appointment of Mr. Ashok Hiralal Sharma (DIN: 02766679) as an Independent Director
    8 for0 against
6 earlier meetings

Mutual fund votes, meeting of 8 Feb 2026, 9 fund houses

  • Appointment of Mr. Mahesh Kumar Girdhar (DIN: 10270848) as an Independent Director
    9 for0 against

Mutual fund votes, meeting of 23 Jun 2025, 10 fund houses

  • To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereon
    10 for0 against
  • To declare a dividend of Rs. 2.50 per Equity Share of face value of Re. 1 each for the financial year ended March 31, 2025
    10 for0 against
  • To appoint a Director in place of Mr. R. Mukundan (DIN: 00778253), who retires by rotation and being eligible, offers himself for re-appointment
    10 for0 against
  • Appointment of Secretarial Auditors of the Company
    10 for0 against
  • Ratification of Remuneration of the Cost Auditors
    10 for0 against

Mutual fund votes, meeting of 29 Sep 2024, 8 fund houses

  • Appointment of Mr. S. Padmanabhan (DIN: 00306299) as a Director of the Company
    8 for0 against

Mutual fund votes, meeting of 20 Jun 2024, 11 fund houses

  • To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and Auditors thereon.
    11 for0 against
  • To declare dividend on the Equity Shares for the financial year ended March 31, 2024.
    11 for0 against
  • To appoint a Director in place of Mr. R. Mukundan (DIN: 00778253), who retires by rotation and being eligible, offers himself for re-appointment.
    11 for0 against
  • Ratification of Remuneration of the Cost Auditors
    11 for0 against

Mutual fund votes, meeting of 18 Apr 2024, 11 fund houses

  • Appointment of Mr. Narain Duraiswami (DIN: 03310642) as an Independent Director of the Company
    11 for0 against
  • Appointment of Dr. Gyanendra Shukla (DIN: 02922133) as Director of the Company
    11 for0 against
  • Appointment of Dr. Gyanendra Shukla (DIN: 02922133) as Managing Director & Chief Executive Officer of the Company
    Against Franklin Templeton Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted given that: • The company has failed to cap the quantum of commission in percentage or absolute terms, that the nominee is entitled to receive each year. This could lead to discretionary payouts. • There are no disclosures on the threshold and targets for the performance metrics, that he needs to achieve, for payouts under this element.
    10 for1 against

Mutual fund votes, meeting of 15 Jun 2023, 11 fund houses

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

  • To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and Auditors thereon
    10 for0 against
  • To declare dividend on the Equity Shares for the financial year ended March 31, 2023
    10 for0 against
  • To appoint a Director in place of Mr. Bhaskar Bhat (DIN: 00148778), who retires by rotation and being eligible, offers himself for re-appointment up to and inclusive of August 29, 2024
    10 for0 against
  • Ratification of Remuneration of the Cost Auditors
    10 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 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against

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

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeHigh CourtSince 1 Apr 1995
    Awaiting Appeal hearing
    At the filing before: Classification of business loss into capital loss amounting to a tax impact of Rs. 9.58 Crore for Assessment Year 1992-93. Appeal filed with High Court
  • Tax disputeCIT (Appeals)Since 1 Apr 2005
    Awaiting Appeal hearing
    At the filing before: Valuation of Capital asset as on 01-04-1981 amounting to a tax impact of Rs. 53.80 Crore for the Assessment Year 2002-03. Appeal filed with CIT (A)
  • Tax disputeITATSince 23 Apr 2015
    Awaiting Appeal hearing
    At the filing before: Disallowance of claim of purchases of developed seeds and disallowance of R&D expense u/s. 35(2AB) of the Act for the AY 2012-13 amounting to a tax impact of Rs.16.09 Crore . Appeal filed with ITAT
  • Tax disputeCIT (Appeals)Since 14 Mar 2016
    Awaiting Appeal hearing
    At the filing before: Disallowance of claim of purchases of developed seeds and disallowance of R&D expense u/s. 35(2AB) of the Act for the AY 2013-14 amounting to a tax impact of Rs.10.74 Crore . Appeal filed with CIT (A).MoreLess
  • Tax disputeCIT (Appeals)Since 12 Jan 2019
    Awaiting Appeal hearing
    At the filing before: Disallowance of claim of purchases of developed seeds and disallowance of R&D expense u/s. 35(2AB) of the Act for the AY 2016-17 tax impact amounting to Rs.12.16 Crore . Appeal filed with CIT(A).
  • Tax disputeCIT (Appeals)Since 7 Jan 2020
    Awaiting Appeal hearing
    At the filing before: Disallowance of claim of purchases of developed seeds and disallowance of R&D expense u/s. 35(2AB) of the Act for the AY 2017-18, tax impact amounting to Rs.12.04 Crore. Appeal filed with CIT(A).
  • Tax disputeCESTATSince 1 May 2020
    Awaiting Appeal hearing
    At the filing before: Service tax on sale of leasehold land during F.Y. 2016-17, tax impact amounting to Rs. 31.01 Crore . Appeal filed with CESTAT
  • Tax disputeCIT (Appeals)Since 21 Apr 2021
    Awaiting Appeal hearing
    At the filing before: Disallowance u/s. 35(2AB) - R & D expenses for AY 2018-19, tax impact amounting to Rs. 7.29 Crore. Appeal filed with CIT (A)
1 more
  • Tax disputeITATSince 25 Oct 2023
    Appeal order received remanding back to A.O. for verification of the claim raised. Awaiting response from A.O.
    At the filing before: Disallowance u/s. 35(2AB) - R & D expenses for AY 2020-21. Tax impact amounting to Rs. 9.08 Crore. Appeal filed with ITAT

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

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

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Dec 2024.
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
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.