Route Mobile logo

Route Mobile MD, chairman, board of directors and AGM

NSE: ROUTEBSE: 543228Telecom - ServicesSmall Cap

Last close ₹416.00down ₹12.10 (2.83%)BSE ₹416.20

Share price at the NSE close on 23 Oct 2026. Previous close ₹428.10.

52-week range of traded prices to 23 Oct 2026
₹410.70Low, 30 Mar 2026₹769.45High, 18 Dec 2025
Market cap
₹2,621 Cr933rd largest listed
P/E
10.6
P/E without one-offs
6.8
P/B
0.9
Dividend yield
2.88%
ROE
9.6%
ROE without one-offs
14.8%
ROCE
15.3%
Debt to equity
0.00
Volume, NSE
1,70,78245.3% delivered

Route Mobile 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 directorRajdipkumar Chandrakant Gupta
  • ChairpersonSeckin ArikanRelated to the promoter
  • Company Secretary and Compliance OfficerTejas Shah

6 directors3 independent1 executive2 non-executive

  • Rajdipkumar Chandrakant Gupta · Managing directorExecutive · joined May 2004 · reappointed May 2022 · 1 listed board · 1 committee seat
  • Harita GuptaIndependent · joined May 2024 · reappointed May 2024 · 28 months as independent · 3 listed boards · 3 as independent · 10 committee seats, 2 as chair
  • Prakash Sunder AdvaniIndependent · joined May 2024 · reappointed May 2024 · 28 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Anil Kumar ChananaIndependent · joined May 2024 · reappointed May 2024 · 28 months as independent · 4 listed boards · 4 as independent · 4 committee seats, 4 as chair
  • Jan Van AcoleyenNon-executive · joined Apr 2025 · 1 listed board
  • Seckin Arikan · ChairpersonNon-executive · joined Jan 2026 · 1 listed board · 2 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.

2 directors who left
  • Mark James Reid, left 22 Jan 2026: Others
  • Guillaume Antoine Boutin, left 17 Apr 2025: Others

Committees and meetings

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

  • Board

    • 23 Jul 20266 of 6 present3 independent · 9 days in between
    • 13 Jul 20265 of 6 present3 independent · 66 days in between
    • 7 May 20266 of 6 present3 independent

  • Audit Committee

    Chair Anil Kumar Chanana

    Prakash Sunder Advani, Harita Gupta, Seckin Arikan

    • 23 Jul 20264 of 4 present3 independent · 9 days in between
    • 13 Jul 20264 of 4 present3 independent · 66 days in between
    • 7 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Harita Gupta

    Anil Kumar Chanana, Jan Van Acoleyen

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Seckin Arikan

    Rajdipkumar Chandrakant Gupta, Prakash Sunder Advani

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Anil Kumar Chanana

    Prakash Sunder Advani, Seckin Arikan

    • 18 Sep 20262 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair Harita Gupta

    Rajdipkumar Chandrakant Gupta, Jan Van Acoleyen

    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.

  • Walker Chandiok & Co LLPPeer-review certificate valid to May 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.

Route Mobile 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.Route Mobile dividend history

Annual general meeting, 2 Sep 2026

1,60,994 shareholders on the register on 26 Aug 2026; present: 1 promoter and 51 others; votes counted by Dhrumil M. Shah / M/s Dhrumil M. Shah & Co. LLP.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Directors' and Auditors thereon; and b) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.40%

    Turnout: all 77.80% · promoters 100.00% · institutions 63.92% · other public 0.14%

  2. To declare a dividend of ₹ 2/- per equity share of the face value of ₹ 10 each (20%) for the financial year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.29%

    Turnout: all 77.81% · promoters 100.00% · institutions 64.14% · other public 0.14%

  3. To appoint a director in place of Mr. Rajdipkumar Gupta (DIN: 01272947) who retires by rotation, and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.04% · other public 4.34%

    Turnout: all 77.81% · promoters 100.00% · institutions 64.14% · other public 0.14%

  4. Appointment of Statutory Auditors of the Company and fix their remuneration.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.58%

    Turnout: all 77.81% · promoters 100.00% · institutions 64.14% · other public 0.14%

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, 30 Mar 2026, 1 resolution

1,64,191 shareholders on the register on 20 Feb 2026; votes counted by Dhiraj Ravindra Palav / Dhrumil M. Shah & Co. LLP.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Seckin Arikan (DIN: 11496476), as Director (Chairman, Non-Executive Non-Independent).
    Ordinary
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 2.44% · other public 28.66%

    Turnout: all 80.80% · promoters 100.00% · institutions 89.12% · other public 0.30%

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

Annual general meeting, 12 Sep 2025, 4 resolutions

1,61,568 shareholders on the register on 5 Sep 2025; present: 1 promoter and 64 others; votes counted by Dhrumil M. Shah / M/s Dhrumil M. Shah & Co. LLP.The company's voting result (opens in a new tab)

  1. To receive consider and adopt: a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Directors' and Auditors thereon; and b) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.63%

    Turnout: all 85.30% · promoters 100.00% · institutions 95.71% · other public 0.41%

  2. To declare a dividend of Rs. 2/- per equity share of the face value of Rs.10 each (20%) for the financial year ended March 31, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.42%

    Turnout: all 85.31% · promoters 100.00% · institutions 95.80% · other public 0.41%

  3. To appoint a Director in place of Mr. Mark James Reid (DIN:10498698) who retires by rotation and, being eligible, offers himself for re-appointment
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.38% · other public 1.01%

    Turnout: all 85.31% · promoters 100.00% · institutions 95.80% · other public 0.41%

  4. To appoint M/s. Makarand M. Joshi & Co., Practicing Company Secretaries as Secretarial Auditor of the Company for a term of five consecutive years
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.05%

    Turnout: all 85.31% · promoters 100.00% · institutions 95.80% · other public 0.41%

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, 27 Jun 2025, 1 resolution

1,57,984 shareholders on the register on 23 May 2025; votes counted by Dhrumil M. Shah / Dhrumil M. Shah & Co. LLP.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Jan Van Acoleyen (DIN: 11039188), as Director (Non-Executive Non-Independent)
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.28% · other public 11.27%

    Turnout: all 86.29% · promoters 100.00% · institutions 91.43% · other public 0.32%

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 2024, 5 resolutions

Present: 1 promoter and 76 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024 and the Reports of the Board of Directors and the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.56%

    Turnout: all 87.18% · promoters 100.00% · institutions 78.87% · other public 0.21%

  2. Adoption of the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024 and the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.56%

    Turnout: all 87.18% · promoters 100.00% · institutions 78.87% · other public 0.21%

  3. Declaration of final dividend of Rs. 2/- per equity share of the face value of Rs. 10 each (20%), of the Company for the year ended March 31, 2024.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 87.18% · promoters 100.00% · institutions 78.99% · other public 0.21%

  4. Appointment of Mr. Rajdipkumar Gupta (DIN: 01272947), who retires by rotation and, being eligible offers himself for re-appointment.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.47% · other public 1.07%

    Turnout: all 87.18% · promoters 100.00% · institutions 78.99% · other public 0.21%

  5. Approval for entering into a business transfer agreement proposed to be executed between Route Mobile Limited and 3M Digital Networks Private Limited
    OrdinaryPromoters have an interest in it
    23.87% for76.13% against

    Against: promoters 0.00% · institutions 76.52% · other public 2.33%

    Turnout: all 4.47% · promoters 0.00% · institutions 58.49% · other public 0.21%

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

Postal ballot, 2 Aug 2024, 6 resolutions

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

  1. Appointment of Mr. Guillaume Boutin (DIN: 10498724), as Director (Non-Executive Non-Independent), designated as the Chairman of the Company
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.42% · other public 5.82%

    Turnout: all 88.69% · promoters 100.00% · institutions 84.68% · other public 0.47%

  2. Appointment of Mr. Mark Reid (DIN: 10498698), as Director (Non-Executive Non-Independent) of the Company
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.51% · other public 5.95%

    Turnout: all 88.69% · promoters 100.00% · institutions 84.68% · other public 0.46%

  3. Appointment of Mr. Prakash Advani (DIN: 05322952) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.94%

    Turnout: all 88.69% · promoters 100.00% · institutions 84.68% · other public 0.46%

  4. Appointment of Ms. Harita Gupta (DIN: 01719806) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.82%

    Turnout: all 88.69% · promoters 100.00% · institutions 84.68% · other public 0.46%

  5. Appointment of Mr. Anil Kumar Chanana (DIN: 00466197) as an Independent Director of the Company
    Special
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 1.68% · other public 6.77%

    Turnout: all 88.69% · promoters 100.00% · institutions 84.68% · other public 0.46%

  6. Payment of Commission to the Independent Directors of the Company
    Special
    95.94% for4.06% against

    Against: promoters 0.00% · institutions 64.73% · other public 27.51%

    Turnout: all 88.70% · promoters 100.00% · institutions 84.68% · other public 0.55%

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 Jun 2024, 5 resolutions

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

  1. Approval for entering into material related party transactions by Route Mobile Limited and its subsidiaries along with the Group Entities, under a framework agreement in relation to third party synergies.MoreLess
    OrdinaryPromoters have an interest in it
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.16%

    Turnout: all 5.27% · promoters 0.00% · institutions 83.91% · other public 1.27%

  2. Approval for entering into material related party transactions by Route Mobile Limited, and its subsidiaries with Telesign and BICS and their subsidiaries, under a framework agreement for the cross selling of omnichannel and digital identity.MoreLess
    OrdinaryPromoters have an interest in it
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.13%

    Turnout: all 5.27% · promoters 0.00% · institutions 83.91% · other public 1.27%

  3. Approval for entering into material related party transaction by Route Mobile Limited, along with its subsidiaries with BICS (société anonyme/naamloze vennootschap)., along with its subsidiaries in relation to framework agreement for cross-selling of Firewall Products and Gateway Arrangements.MoreLess
    OrdinaryPromoters have an interest in it
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.13%

    Turnout: all 5.27% · promoters 0.00% · institutions 83.91% · other public 1.27%

  4. Approval for entering into material related party transactions by Route Mobile Limited and its subsidiaries along with the Group Entities, for providing and receiving management, support and operational services leading to global footprint optimisation.MoreLess
    OrdinaryPromoters have an interest in it
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.16%

    Turnout: all 5.27% · promoters 0.00% · institutions 83.91% · other public 1.27%

  5. Approval of Revision in terms of appointment (Revised Remuneration) of Mr. Rajdipkumar Gupta.
    Special
    96.61% for3.39% against

    Against: promoters 0.00% · institutions 58.30% · other public 6.93%

    Turnout: all 88.38% · promoters 100.00% · institutions 83.91% · other public 1.27%

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

Annual general meeting, 22 Sep 2023, 4 resolutions

Present: 8 promoters and 62 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 80.50% · promoters 100.00% · institutions 81.52% · other public 4.62%

  2. Adoption of the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 80.50% · promoters 100.00% · institutions 81.52% · other public 4.62%

  3. Declaration of final dividend.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 80.50% · promoters 100.00% · institutions 81.52% · other public 4.62%

  4. Appointment of a Director retiring by rotation.
    Ordinary
    83.72% for16.28% against

    Against: promoters 0.00% · institutions 58.12% · other public 76.93%

    Turnout: all 80.47% · promoters 100.00% · institutions 81.40% · other public 4.62%

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 2 Sep 2026, 3 fund houses so far (houses' deadline to file 15 Oct 2026)

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

  • To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Directors' and Auditors thereon; and b) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon.MoreLess
    3 for0 against
  • To declare a dividend of ₹ 2/- per equity share of the face value of ₹ 10 each (20%) for the financial year ended March 31, 2026.
    3 for0 against
  • To appoint a director in place of Mr. Rajdipkumar Gupta (DIN: 01272947) who retires by rotation, and being eligible, offers himself for re-appointment.
    3 for0 against
  • Appointment of Statutory Auditors of the Company and fix their remuneration.
    1 for0 against
1 proposal not matched to one resolution
  • Appointment of M S K A and Associates LLP, Chartered Accountants (ICAI Firm Registration No. 105047W/W101187), as the Statutory Auditors of the Company in place of retiring Statutory Auditors, Walker Chandiok and Co. LLP, Chartered Accountants (ICAI Firm Registration No. 001076N/ N500013), to hold office for a first term of 5 (five) years i.e. from the conclusion of 22nd Annual General Meeting until the conclusion of the 27th Annual General Meeting to be held in the calendar year 2031, at such remuneration as may be mutually decided by the Board of Directors of the Company with the Statutory Auditor on recommendation of the Audit Committee.MoreLess
    2 for0 against

Mutual fund votes, meeting of 30 Mar 2026, 8 fund houses

  • Appointment of Mr. Seckin Arikan (DIN: 11496476), as Director (Chairman, Non-Executive Non-Independent).
    8 for0 against
6 earlier meetings

Mutual fund votes, meeting of 12 Sep 2025, 15 fund houses

  • To receive consider and adopt: a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Directors' and Auditors thereon; and b) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.MoreLess
    15 for0 against
  • To declare a dividend of Rs. 2/- per equity share of the face value of Rs.10 each (20%) for the financial year ended March 31, 2025
    15 for0 against
  • To appoint a Director in place of Mr. Mark James Reid (DIN:10498698) who retires by rotation and, being eligible, offers himself for re-appointment
    15 for0 against
  • To appoint M/s. Makarand M. Joshi & Co., Practicing Company Secretaries as Secretarial Auditor of the Company for a term of five consecutive years
    15 for0 against

Mutual fund votes, meeting of 27 Jun 2025, 14 fund houses

  • Appointment of Mr. Jan Van Acoleyen (DIN: 11039188), as Director (Non-Executive Non-Independent)
    14 for0 against

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

  • Adoption of the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024 and the Reports of the Board of Directors and the Auditors thereon.
    11 for0 against
  • Adoption of the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024 and the Report of the Auditors thereon.
    11 for0 against
  • Declaration of final dividend of Rs. 2/- per equity share of the face value of Rs. 10 each (20%), of the Company for the year ended March 31, 2024.
    11 for0 against
  • Appointment of Mr. Rajdipkumar Gupta (DIN: 01272947), who retires by rotation and, being eligible offers himself for re-appointment.
    11 for0 against
  • Approval for entering into a business transfer agreement proposed to be executed between Route Mobile Limited and 3M Digital Networks Private Limited
    Against Bandhan Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual FundCompliant with law. Governance & Transparency concern: Valuation report not disclosed.
    • HDFC Mutual FundAs the resolution is open ended there could be a possibility that the support could be extended to other companies directly/indirectly controlled by the promoters
    6 for5 against

Mutual fund votes, meeting of 2 Aug 2024, 10 fund houses

  • Appointment of Mr. Guillaume Boutin (DIN: 10498724), as Director (Non-Executive Non-Independent), designated as the Chairman of the Company
    10 for0 against
  • Appointment of Mr. Mark Reid (DIN: 10498698), as Director (Non-Executive Non-Independent) of the Company
    10 for0 against
  • Appointment of Mr. Prakash Advani (DIN: 05322952) as an Independent Director of the Company
    10 for0 against
  • Appointment of Ms. Harita Gupta (DIN: 01719806) as an Independent Director of the Company
    10 for0 against
  • Appointment of Mr. Anil Kumar Chanana (DIN: 00466197) as an Independent Director of the Company
    10 for0 against
  • Payment of Commission to the Independent Directors of the Company
    Against Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual FundCompliant with the law. Governance concern: Approval for uncertain term; lower end of the proposed co
    • Edelweiss Mutual FundFixed renumeration prefered as Payment compared to linked to profits
    • HDFC Mutual FundProposed commission to independent directors are high based on size and complexity of business
    • ICICI Prudential Mutual FundThe Independent Directors were only paid sitting fees and reimbursement of expenses for attending board and committee meetings. Although the company has capped the commission payable in absolute terms, we raise concern that the cap of 5% of profits is higher than the cap on commission as per prevailing market practices. The company has also not defined a tenure for payment of commission, the resolution is effectively valid in perpetuity. Hence, the AMC has voted against the resolution.
    3 for7 against

Mutual fund votes, meeting of 15 Jun 2024, 10 fund houses

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

  • Approval for entering into material related party transactions by Route Mobile Limited and its subsidiaries along with the Group Entities, under a framework agreement in relation to third party synergies.MoreLess
    9 for0 against
  • Approval for entering into material related party transactions by Route Mobile Limited, and its subsidiaries with Telesign and BICS and their subsidiaries, under a framework agreement for the cross selling of omnichannel and digital identity.MoreLess
    10 for0 against
  • Approval for entering into material related party transaction by Route Mobile Limited, along with its subsidiaries with BICS (société anonyme/naamloze vennootschap)., along with its subsidiaries in relation to framework agreement for cross-selling of Firewall Products and Gateway Arrangements.MoreLess
    10 for0 against
  • Approval for entering into material related party transactions by Route Mobile Limited and its subsidiaries along with the Group Entities, for providing and receiving management, support and operational services leading to global footprint optimisation.MoreLess
    9 for0 against
  • Approval of Revision in terms of appointment (Revised Remuneration) of Mr. Rajdipkumar Gupta.
    Against Edelweiss Mutual Fund, HDFC Mutual Fund, SBI Mutual Fund
    • Edelweiss Mutual FundRenumeration payable should be limited to regulatory limit
    • HDFC Mutual FundThe proposed remuneration is high considering the size and complexity of the business
    • SBI Mutual FundRajdipkumar Gupta, 48, is the founder and the Managing Director of Route Mobile Limited. He has been on the board of the company since 15 May 2004. After acquisition of Route Mobile Limited by Proximus group (Belgium), all directors except Rajdipkumar Gupta have stepped off the board. Rajdipkumar Gupta will continue in his capacity as Managing Director.Rajdipkumar Gupta was paid Rs. 19.9 mn as remuneration in FY24. After revision in remuneration terms, we estimate his salary plus variable bonus at Rs. 80.9 mn, which is not commensurate with the size of the business and high as compared to peers.Rajdipkumar Gupta’s total remuneration cannot be ascertained as he is eligible to receive stock options including stock appreciation rights from Proximus Opal (the holding company) - the rationale for not granting stock options from Route Mobile Limited is unclear. Further, there is no clarity on the quantum of stock options that may be granted to him during his tenure. The resolution grants the board (and NRC) the flexibility to change the remuneration structure within regulatory thresholds – considering the FY23 PBT his remuneration from RML could go as high as Rs. 77.5 mn. Therefore, in FY25, his aggregate remuneration (including remuneration from subsidiaries) could be as high as Rs. 99.0 mn. Given the lack of clarity about his overall remuneration, we do not support the revision in remuneration.
    7 for3 against
1 proposal not matched to one resolution
  • To approve, material related party transactions by Route Mobile Limited and its subsidiaries along with the Group Entities.
    1 for0 against

Mutual fund votes, meeting of 22 Sep 2023, 9 fund houses

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

  • Adoption of the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023.
    9 for0 against
  • Adoption of the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023.
    9 for0 against
  • Declaration of final dividend.
    9 for0 against
  • Appointment of a Director retiring by rotation.
    Against Axis Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Axis Mutual FundChandrakant Gupta, 70, is part of the promoter family and is an entrepreneur and investor in early-age technology and hospitality businesses. He is the father of Rajdipkumar Gupta (Managing Director) and Sandipkumar Gupta (Chairperson). He attended five out of eleven (45%) board meetings held in FY23 and seventeen out of twenty-eight (61%) board meetings held in the last three financial years. We have a threshold of 75% attendance over a three year period. Even while his appointment is in line with statutory regulations, we are unable to support the reappointment given his low attendance.
    • Kotak Mahindra Mutual FundMr. Chandrakant Gupta, 70, has 5 decades of industry expertise. He manages the general corporate and administrative matters of the company. He has been with the company for the past 16 years. Even though Mr. Chandrakant Gupta has helped the company take many strategic decisions that have led the company double its profits, he has attended only 5 out of 11 board meetings in the last financial year and 12/17 board meetings in the last 2 financial year. The company has not given any explanation regarding his absence which raises a governance concern. Hence voting against.
    • Motilal Oswal Mutual FundRe-appointment compliant with law. Governance Concern: Low Attendance and no justification provided
    • Nippon India Mutual FundLow Attendance
    3 for4 against
2 proposals not matched to one resolution
  • 4) Reappoint Chandrakant Gupta (DIN: 01636981) as Director, liable to retire by rotation.
    1 for0 against
  • Reappoint Chandrakant Gupta (DIN: 01636981) as Non-Executive Non-Independent Director, liable to retire by rotation
    1 for0 against

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

Fines and tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Fine or penaltyOffice of the Deputy Commissioner of Commercial Taxes, (Audit)-1.3, DGSTO-1,BengaluruSince 26 Sep 2026

    SHOW CAUSE NOTICE UNDER SECTION 73(1) OF KGST/CGST ACT 2017

    Penalty of Rs.8,15,330/- prescribed under 73(9) of the KGST Act,2017
  • Tax disputeAssistant Commissioner of State Tax (D-018), Investigation-B, MumbaiSince 3 Sep 2024
    Matter related to FY2020-21 and FY 2022-23 for Demand amounting Rs. 47.78 Lakhs is pending with Appeal authorities, and for remaining years FY 2019-20 and FY 2021-22 Deputy Commissioner of State Tax, Mumbai has passed order dated 15.10.2025 confirming order passed by proper officer for Demand amounting Rs.4.86 Crores, the company has filled appeal with GSTAT on 17.06.2026 against the order passed by Appeallate authority.MoreLess
    At the filing before: Demand order u/s 73 of GST Act amounting Rs. 5,34,40,307/- (GST Rs. 3,22,93,468/- along with interest Rs. 1,79,17,498/- and penalty Rs. 32,29,341) pertaining to Input on IPO / QIP Expenses for the period FY 2019-20, 2020-21, 2021-22 and 2022-23.MoreLess
  • Tax disputeDeputy Commissioner of Central Goods and Service Tax, Division X, Mumbai WestSince 17 Jan 2025
    Appeal filled against the Orders with Appellate authority, acknlowledgement for admitting the Appeal received from the Department.
    At the filing before: The GST Authorities have passed the orders, pursuant to GST Audit for the period July 17 to March 19 on the contention of violation of section 16(2)(a), 16(2)(b) 16(2)(c), 16(2)(d) and Rule 96A of CGST Act raising total demand amounting Rs.9,30,06,801 /- (GST Demand Rs. 2,69,19,026/- along with interest Rs.71,21,504/- and penatly Rs.5,89,66,271/-)MoreLess
  • Tax disputeJoint Commissioner of Central Goods and Service Tax, Mumbai WestSince 17 Feb 2025
    Appeal filled against the Orders with Appellate authority, acknlowledgement for admitting the Appeal received from the Department. Hearings have been attended by company's consultant on 17 Jul 2026.
    At the filing before: Order received in case of delayed payment of GST RCM and Interest levied as per the provisions of section 50(1) of CGST Act 2017 read with section 20 of IGST Act 2017 amounting Rs.21,09,66,601/- additionally, Penalty u/s 74 of CGST Act 2017 amounting Rs.33,01,84,635/- Total Demand Rs.54,11,51,236/- for the period July 2017 to March 2018 and FY 2018-19MoreLess

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 Sep 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Public IssuesSep 2020, checked by Axis Bank Limited240.00––No
QIPNov 2021867.49––No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.