Sandhar Technologies CEO, MD, chairman, board of directors and AGM
NSE: SANDHARBSE: 541163Auto ComponentsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹476.15.
- The board meets on 5 Nov 2026.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹2,746 Cr939th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 11 Aug 2026
- 13.2
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 21 May 2026
- 2.1
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.88%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 11 Aug 2026
- 16.8%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 11 Aug 2026
- 11.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 21 May 2026
- 0.71
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 2,11,40845.1% delivered
Sandhar Technologies board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and chief executiveJayant DavarRelated to the promoter
11 directors7 independent2 executive2 non-executive
- Jayant Davar · Chairperson and chief executiveExecutive · joined Oct 1987 · reappointed Jan 2026 · 6 months as independent · 2 listed boards · 1 as independent · 3 committee seats
- ARCHANA CAPOORIndependent · joined Nov 2018 · reappointed Nov 2023 · 91 months as independent · 5 listed boards · 5 as independent · 10 committee seats, 3 as chair
- VIKRAMPATI SINGHANIAIndependent · joined Aug 2023 · reappointed Aug 2023 · 34 months as independent · 4 listed boards · 3 as independent · 3 committee seats, 1 as chair
- VIMAL MAHENDRUIndependent · joined Nov 2019 · reappointed Nov 2024 · 79 months as independent · 1 listed board · 1 as independent · 2 committee seats
- AABHA BAKAYAIndependent · joined Aug 2024 · reappointed Aug 2024 · 22 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Bharat AnandIndependent · joined Aug 2019 · reappointed Aug 2024 · 82 months as independent · 5 listed boards · 5 as independent · 3 committee seats
- Sandeep DinodiaIndependent · joined Jun 2025 · reappointed Jun 2025 · 12 months as independent · 1 listed board · 1 as independent · 1 committee seat
- MONICA DAVARNon-executive · joined Oct 1987 · reappointed Oct 1987 · 1 listed board
- NEEL JAY DAVARNon-executive · joined Aug 2021 · reappointed Sep 2025 · 1 listed board
- GURVINDER JEET SINGHExecutive · joined May 2025 · reappointed May 2025 · 13 months as independent · 1 listed board
- ARJUN SHARMAIndependent · joined May 2016 · reappointed May 2021 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat, 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
- 21 May 20269 of 11 present6 independent · 55 days in between
- 26 Mar 202611 of 11 present7 independent · 42 days in between
- 11 Feb 202610 of 11 present6 independent
Audit Committee
Chair ARCHANA CAPOOR
VIMAL MAHENDRU, Sandeep Dinodia, AABHA BAKAYA
- 21 May 20264 of 4 present4 independent · 11 days in between
- 11 Feb 20264 of 4 present4 independent · no day in between
Nomination and remuneration committee
Chair VIKRAMPATI SINGHANIA
ARCHANA CAPOOR, AABHA BAKAYA
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair VIMAL MAHENDRU
Jayant Davar, AABHA BAKAYA
- 10 Feb 20264 of 4 present3 independent · 6 days in between
Risk Management Committee
Chair Sandeep Dinodia
VIMAL MAHENDRU, MONICA DAVAR, AABHA BAKAYA
- 10 Feb 20264 of 4 present3 independent
Corporate Social Responsibility Committee
Chair Jayant Davar
MONICA DAVAR, VIKRAMPATI SINGHANIA
- 9 May 20263 of 3 present1 independent · 53 days in between
- 16 Mar 20263 of 3 present1 independent · 32 days in between
- 3 Feb 20263 of 3 present1 independent
Finance and Strategy Committee
Chair Jayant Davar
VIMAL MAHENDRU, VIKRAMPATI SINGHANIA, Sandeep Dinodia, AABHA BAKAYA
No meeting listed in the filing.
Share Transfer and Allotment Committee
Chair Jayant Davar
VIMAL MAHENDRU, ARCHANA CAPOOR
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.
- BSR & CO. LLPPeer-review certificate valid to Apr 2029
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.
Sandhar Technologies 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.Sandhar Technologies dividend history
Annual general meeting, 22 Sep 2026
6,01,90,708 shareholders on the register on 11 Sep 2026; present: 9 promoters and 116 others; votes counted by K K SACHDEVA / K K SACHDEVA & ASSOCIATES.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended the 31st March, 2026 together with the reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.39%
Turnout: all 84.56% · promoters 100.00% · institutions 89.28% · other public 0.18%
To declare a final dividend of INR 4.00/- (Indian Four Rupees only) each on the fully paid up Equity Shares of the Company of face value of INR 10/- (Indian Rupees Ten) each for the financial year 2025-2026MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.39%
Turnout: all 84.57% · promoters 100.00% · institutions 89.35% · other public 0.18%
- To consider and approve re-appointment of Smt. Monica Davar (DIN: 00100875), as a Non-Executive Non Independent Director, who retires by rotation and being eligible offers herself for re-appointment:Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.76%
Turnout: all 84.57% · promoters 100.00% · institutions 89.35% · other public 0.18%
- Ratification of Remuneration payable to Cost Auditor viz., M/s Satija & Co., for audit of cost records of the Company for the Financial Year 2026-2027.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.39%
Turnout: all 84.57% · promoters 100.00% · institutions 89.35% · other public 0.18%
- Appointment of Smt. Gazal Kalra (DIN: 07278754) as Non Executive, Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.39%
Turnout: all 84.57% · promoters 100.00% · institutions 89.35% · other public 0.18%
- To approve for enhancement of the Company’s limits for granting Loans, making Investments, providing Guarantees and Securities under Section 186 of the Companies Act, 2013Special98.77% for1.23% against
Against: promoters 0.00% · institutions 7.32% · other public 0.76%
Turnout: all 84.57% · promoters 100.00% · institutions 89.35% · other public 0.18%
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 2026, 1 resolution
46,794 shareholders on the register on 26 Jun 2026; votes counted by K K SACHDEVA / K K SACHDEVA & ASSOCIATES.The company's voting result (opens in a new tab)
- To approve for enhancement of the Company s limits for granting Loans making Investments, providing Guarantees and Securities under Section 186 of the Companies Act, 2013.Special98.96% for1.04% against
Against: promoters 0.00% · institutions 5.85% · other public 10.26%
Turnout: all 85.64% · promoters 100.00% · institutions 91.07% · other public 0.10%
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, 19 Sep 2025, 10 resolutions
39,907 shareholders on the register on 12 Sep 2025; present: 10 promoters and 134 others; votes counted by K K SACHDEVA / K K SACHDEVA & ASSOCIATES.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended the 31st March, 2025 together with the reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.61%
Turnout: all 88.29% · promoters 100.00% · institutions 97.69% · other public 12.82%
To declare a final dividend of INR. 3.5/- (Indian Three Rupees Fifty Paise) each on the fully paid up Equity Shares of the Company of face value of INR. 10/- (Indian Rupees Ten) each for the financial year 2024-2025.MoreLess
Ordinary99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.61%
Turnout: all 88.29% · promoters 100.00% · institutions 97.70% · other public 12.82%
To consider and approve re-appointment of Shri. Neel Jay Davar (DIN: 09201336), as a Non-Executive Non-Independent Director, who retires by rotation and being eligible offers himself for re-appointmentMoreLess
Ordinary94.66% for5.34% againstAgainst: promoters 0.00% · institutions 28.95% · other public 0.61%
Turnout: all 88.29% · promoters 100.00% · institutions 97.70% · other public 12.82%
- To appoint M/s K K Sachdeva & Associates, as Secretarial Auditor of the Company.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.61%
Turnout: all 88.29% · promoters 100.00% · institutions 97.70% · other public 12.82%
- Ratification of Remuneration payable to Cost Auditor viz., M/s Satija & Co., for audit of cost records for the financial year 2025-2026.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.61%
Turnout: all 88.29% · promoters 100.00% · institutions 97.70% · other public 12.82%
- Re- Appointment of Shri. Jayant Davar (DIN: 00100801) as Executive Chairman (Executive Director) & Chief Executive Officer of the Company for 5 years w.e.f 01st January, 2026.Special82.90% for17.10% against
Against: promoters 0.00% · institutions 92.90% · other public 0.65%
Turnout: all 88.29% · promoters 100.00% · institutions 97.70% · other public 12.82%
- Approval for the Increase in the borrowing limits of the Company.Special99.96% for0.04% against
Against: promoters 0.00% · institutions 0.14% · other public 0.62%
Turnout: all 88.29% · promoters 100.00% · institutions 97.70% · other public 12.82%
- Approval for Increase in the limits for creation of charge, mortgage, hypothecation on or otherwise encumbering the movable and immovable properties of the Company.Special99.96% for0.04% against
Against: promoters 0.00% · institutions 0.14% · other public 0.61%
Turnout: all 88.29% · promoters 100.00% · institutions 97.70% · other public 12.82%
- To consider the increase in Authorised Share Capital of the Company and consequent alteration to the Capital Clause of the Memorandum of Association.Ordinary99.96% for0.04% against
Against: promoters 0.00% · institutions 0.14% · other public 0.62%
Turnout: all 88.29% · promoters 100.00% · institutions 97.70% · other public 12.82%
To consider and approve the raising of capital by way of Further Public Issue, Debt Issue, Rights Issue, Preferential Allotment, Private Placement, Qualified Institutions Placement (QIP) or Any Other Permissible Method/ModeMoreLess
Special99.96% for0.04% againstAgainst: promoters 0.00% · institutions 0.14% · other public 0.61%
Turnout: all 88.29% · promoters 100.00% · institutions 97.70% · other public 12.82%
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, 26 Jun 2025, 3 resolutions
40,921 shareholders on the register on 16 May 2025; votes counted by K K SACHDEVA / K K SACHDEVA & ASSOCIATES.The company's voting result (opens in a new tab)
- Appointment/Re-designation of Shri. Sandeep Dinodia (DIN: 00005395), as Non-Executive Independent Director of the CompanySpecial83.22% for16.78% against
Against: promoters 0.00% · institutions 90.46% · other public 5.41%
Turnout: all 86.42% · promoters 100.00% · institutions 96.39% · other public 0.11%
- Appointment of Shri. Gurvinder Jeet Singh (DIN: 02129467), as Director (Executive – Non-Independent Director) of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 5.41%
Turnout: all 86.42% · promoters 100.00% · institutions 96.39% · other public 0.11%
- Appointment of Shri. Gurvinder Jeet Singh (DIN: 02129467) as a Whole-time Director (Executive – Non-Independent Director) designated as Whole-time Director & Head - Corporate Strategy of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 5.41%
Turnout: all 86.42% · promoters 100.00% · institutions 96.39% · other public 0.11%
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.
Annual general meeting, 24 Sep 2024, 7 resolutions
Present: 14 promoters and 130 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended the 31st March, 2024 together with the reports of the Board of Directors and Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.19%
Turnout: all 86.79% · promoters 100.00% · institutions 95.84% · other public 0.14%
- To declare a final dividend of INR. 3.25/- per equity share of INR. 10/- each fully paid up for the Financial year ended the 31st March, 2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 4.07%
Turnout: all 86.79% · promoters 100.00% · institutions 95.85% · other public 0.15%
- To appoint a Director in place of Shri. Sandeep Dinodia (DIN 00005395), who retires by rotation and being eligible, offers himself for re-appointment.Ordinary99.90% for0.10% against
Against: promoters 0.00% · institutions 0.51% · other public 0.05%
Turnout: all 86.79% · promoters 100.00% · institutions 95.85% · other public 0.14%
- Ratification of remuneration payable to Cost Auditor viz. M/s Satija & Co., Cost Accountants for audit of cost records for the financial year 2024-2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 86.79% · promoters 100.00% · institutions 95.85% · other public 0.14%
- Appointment of Smt. Aabha Bakaya (DIN: 05131734) as Non-Executive, Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.33%
Turnout: all 86.79% · promoters 100.00% · institutions 95.85% · other public 0.14%
- Reappointment of Shri Vimal Mahendru (DIN: 00006016) as Non-Executive, Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 86.79% · promoters 100.00% · institutions 95.85% · other public 0.14%
- Renewal for the Payment of Commission to the Non-Executive Directors.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 13.86%
Turnout: all 86.79% · promoters 100.00% · institutions 95.85% · 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.
Annual general meeting, 21 Sep 2023, 9 resolutions
Present: 16 promoters and 115 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone Financial Statements and the Audited Consolidated Financial Statements of the Company for the Financial Year ended the 31st March, 2023 together with the Reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 85.07% · promoters 100.00% · institutions 73.52% · other public 9.29%
- To declare a final dividend of Rs. 2. 50/- per equity share of Rs. 10/- each fully paid up for the Financial year ended the 31st March, 2023.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 85.13% · promoters 100.00% · institutions 73.87% · other public 9.29%
- To appoint a Director in place of Smt. Monica Davar (DIN 00100875), who retires by rotation and being eligible, offers herself for re-appointment.OrdinaryPromoters have an interest in it99.21% for0.79% against
Against: promoters 0.00% · institutions 4.89% · other public 0.01%
Turnout: all 85.13% · promoters 100.00% · institutions 73.87% · other public 9.29%
- Ratification of remuneration payable to Cost Auditor viz. M/s Satija & Co., Cost Accountants for audit of cost records for the financial year 2023-2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 85.13% · promoters 100.00% · institutions 73.87% · other public 9.29%
- Appointment of Shri. Vikrampati Singhania (Din: 00040659) as Non-Executive, Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 85.13% · promoters 100.00% · institutions 73.87% · other public 9.29%
- Reappointment of Smt. Archana Capoor (DIN: 01204170) as Non-Executive Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 85.13% · promoters 100.00% · institutions 73.87% · other public 9.29%
- Reappointment of Shri. Bharat Anand (DIN: 02806475) as Non-Executive Independent Director of the Company.Special93.55% for6.45% against
Against: promoters 0.00% · institutions 40.02% · other public 0.01%
Turnout: all 85.13% · promoters 100.00% · institutions 73.87% · other public 9.29%
To review and approve the variation, if any, in the remuneration of Shri. Jayant Davar (DIN: 00100801), Co-Chairman and Managing Director of the Company in compliance with the limits prescribed under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.MoreLess
SpecialPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 85.13% · promoters 100.00% · institutions 73.87% · other public 9.29%
- Renewal of Payment of Commission to the Non-Executive Directors.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.16%
Turnout: all 85.13% · promoters 100.00% · institutions 73.87% · other public 9.29%
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.
Annual general meeting, 22 Sep 2022, 5 resolutions
Present: 16 promoters and 155 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone Financial nStatements and the Audited Consolidated Financial Statements nof the Company for the Financial Year ended the 31st March, n2022 together with the Reports of the Board of Directors and nAuditor thereon.nMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 89.86% · promoters 100.00% · institutions 96.13% · other public 26.28%
- To declare a final dividend of Rs. 2.25/- per equity share of Rs.n10/- each fully paid up for the Financial Year ended the 31stnMarch, 2022Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 89.86% · promoters 100.00% · institutions 96.13% · other public 26.28%
- To appoint a Director in place of Shri Neel Jay Davar (DIN n09201336), who retires by rotation and being eligible, offers nhimself forre-appointment.OrdinaryPromoters have an interest in it90.33% for9.67% against
Against: promoters 0.00% · institutions 33.15% · other public 99.17%
Turnout: all 89.86% · promoters 100.00% · institutions 96.13% · other public 26.28%
- Re-appointment of Statutory Auditors of the CompanyOrdinary96.27% for3.73% against
Against: promoters 0.00% · institutions 0.00% · other public 99.15%
Turnout: all 89.86% · promoters 100.00% · institutions 96.13% · other public 26.28%
- Ratification of remuneration payable to Cost Auditor viz.nM/s Satija & Co for audit of cost records for the FinancialnYear 2022-2023.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 89.86% · promoters 100.00% · institutions 96.13% · other public 26.28%
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, 28 Apr 2022, 1 resolution
Present: 16 promoters and 112 others.The company's voting result (opens in a new tab)
- Appointment of Shri Sandeep Dinodia (DIN- 00005395) as Director of the CompanyOrdinary98.94% for1.06% against
Against: promoters 0.00% · institutions 5.70% · other public 0.00%
Turnout: all 86.52% · promoters 100.00% · institutions 96.32% · other public 0.11%
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 22 Sep 2026, 4 fund houses so far (houses' deadline to file 15 Oct 2026)
To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended the 31st March, 2026 together with the reports of the Board of Directors and Auditors thereon.MoreLess
4 for0 againstTo declare a final dividend of INR 4.00/- (Indian Four Rupees only) each on the fully paid up Equity Shares of the Company of face value of INR 10/- (Indian Rupees Ten) each for the financial year 2025-2026MoreLess
4 for0 against- To consider and approve re-appointment of Smt. Monica Davar (DIN: 00100875), as a Non-Executive Non Independent Director, who retires by rotation and being eligible offers herself for re-appointment:4 for0 against
- Ratification of Remuneration payable to Cost Auditor viz., M/s Satija & Co., for audit of cost records of the Company for the Financial Year 2026-2027.4 for0 against
- Appointment of Smt. Gazal Kalra (DIN: 07278754) as Non Executive, Independent Director of the Company4 for0 against
- To approve for enhancement of the Company’s limits for granting Loans, making Investments, providing Guarantees and Securities under Section 186 of the Companies Act, 20134 for0 against
Mutual fund votes, meeting of 2 Aug 2026, 4 fund houses so far (houses' deadline to file 15 Oct 2026)
- To approve for enhancement of the Company s limits for granting Loans making Investments, providing Guarantees and Securities under Section 186 of the Companies Act, 2013.4 for0 against
6 earlier meetings
Mutual fund votes, meeting of 19 Sep 2025, 7 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 Standalone and Consolidated Financial Statements of the Company for the Financial Year ended the 31st March, 2025 together with the reports of the Board of Directors and Auditors thereon.MoreLess
7 for0 againstTo declare a final dividend of INR. 3.5/- (Indian Three Rupees Fifty Paise) each on the fully paid up Equity Shares of the Company of face value of INR. 10/- (Indian Rupees Ten) each for the financial year 2024-2025.MoreLess
7 for0 againstTo consider and approve re-appointment of Shri. Neel Jay Davar (DIN: 09201336), as a Non-Executive Non-Independent Director, who retires by rotation and being eligible offers himself for re-appointmentMoreLess
7 for0 against- To appoint M/s K K Sachdeva & Associates, as Secretarial Auditor of the Company.7 for0 against
- Ratification of Remuneration payable to Cost Auditor viz., M/s Satija & Co., for audit of cost records for the financial year 2025-2026.7 for0 against
- Re- Appointment of Shri. Jayant Davar (DIN: 00100801) as Executive Chairman (Executive Director) & Chief Executive Officer of the Company for 5 years w.e.f 01st January, 2026.
Against Bandhan Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, Quantum Mutual Fund, UTI Mutual Fund
- Bandhan Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Combined position of Chairman and Managing Director; No absolute cap on variable pay or total remuneration & NRC discretion to determine variable payment. Transparency concern: Ambiguity between proposed period for minimum remuneration.
- Kotak Mahindra Mutual FundWe have no concern with the appointment of Mr. Davar as Executive Chairman & CEO. There is no legal bar for Chairman to also hold Executive Director position. However, on the remuneration, company has not provided the cap on variable pay. It is a combined agenda item on his appointment and remuneration and hence, we vote Against on this resolution.
- Nippon India Mutual FundGovernance concern: Combined position of Chairman and Managing Director. No absolute cap on variable pay & NRC discretion to determine variable payment.
- Quantum Mutual FundWe believe that Jayant Davar holding dual position of Chairman and Managing director may lead to concentration of power. Hence, we do not favour the resolution.
- UTI Mutual FundJayant Davar, 63, is the founder Promoter, Executive Chairperson and Managing Director and Chief Executive Officer of the Company. He has over four decades of experience in the auto component industry. He was paid Rs. 88.5 mn as remuneration in FY25 which was 182.0x times the median employee remuneration. Based on the proposed terms from 1 January 2026, the estimated annual remuneration is at Rs. 104.9 mn. Further, his remuneration remains uncapped since it comprises commission as per company policy– in the last five years the commission has ranged between 3.1% and 4.0% of standalone profits which is high. The company must cap commission in absolute amounts. While we recognize his role in establishing strategic direction for the company and support his reappointment, we do not support the resolution on account of the overall promoter level remuneration exceeding our internal threshold.
1 for6 against - Approval for the Increase in the borrowing limits of the Company.1 for0 against
- Approval for Increase in the limits for creation of charge, mortgage, hypothecation on or otherwise encumbering the movable and immovable properties of the Company.
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundCompliant with the law. Governance Concern: The Majority of the Existing Borrowing Limit is unutilized and no specific reasons/justification were provided for the proposed increase without utilizing the existing limit.
6 for1 against - To consider the increase in Authorised Share Capital of the Company and consequent alteration to the Capital Clause of the Memorandum of Association.7 for0 against
To consider and approve the raising of capital by way of Further Public Issue, Debt Issue, Rights Issue, Preferential Allotment, Private Placement, Qualified Institutions Placement (QIP) or Any Other Permissible Method/ModeMoreLess
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundCompliant with Law. Governance concern: Excessive dilution. No clarity regarding whether Rights Issue will be opted for or not and if yes, then for what portion.
6 for1 against
1 proposal not matched to one resolution
To borrow any sum or sums of money for the purpose of the business of the Company, whether from any bank(s), financial institution(s), body corporate(s), or any other person(s) or from any other source in India or outside India in any form including but not limited to by way of, loans, issue of debentures, bonds or other instruments or otherwise, with or without security, in Indian or foreign currency, as the Board may deem fit, notwithstanding that the money to be borrowed together with the money already borrowed by the Company (apart from temporary loans obtained from the Company’s bankers in the ordinary course of business), may exceed the aggregate of its paid-up share capital, free reserves and securities premium account that is to say, reserves not set apart for any specific purpose of the Company, provided however, the same shall not exceed at any point in time a sum equivalent to INR 1,200 crore.MoreLess
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundCompliant with the law. Governance Concern: The Majority of the Existing Borrowing Limit is unutilized and no specific reasons/justification were provided for the proposed increase without utilizing the existing limit.
5 for1 against
Mutual fund votes, meeting of 26 Jun 2025, 6 fund houses
- Appointment/Re-designation of Shri. Sandeep Dinodia (DIN: 00005395), as Non-Executive Independent Director of the Company
Against Bandhan Mutual Fund, Kotak Mahindra Mutual Fund, Nippon India Mutual Fund, Quantum Mutual Fund, UTI Mutual Fund
- Bandhan Mutual FundNo concern on the merits of proposed Appointee. Governance Concern: Non-disclosure of Board meeting attendance for FY 2024-25. No cooling off period served.
- Kotak Mahindra Mutual FundSandeep Dinodia, 63, is a Senior Partner at S.R. Dinodia & Co. LLP, a tax consultancy firm. He is a chartered accountant with expertise in finance, banking, corporate management, and legal affairs. He has been on the board as Non-Executive Non-Independent Director since 2 February 2022. The notice states that Sandeep Dinodia has become eligible to be appointed as an Independent Director after 19 June 2025: the company has considered his tenure as non-executive non-independent director to be cooling period required under regulations after the cessation of the business relationship in June 2019. We do not support this interpretation of the regulation we believe the director should have had a complete disassociation from the company and the group for at least three years for it to be considered cooling period. Hence, we do not support the resolution.
- Nippon India Mutual FundGovernance Concern: No cooling off period served by candidate.
- Quantum Mutual FundWe take note that Mr. Sandeep Dinodia is associated with M/s S.R. Dinodia & Co. LLP in the role of senior partner. As per the firm’s website, it appears that the founders of the firm are the Dinodia family. The audit firm held professional association with certain subsidiary and joint venture entities of the Company till 2021. Thereafter Mr. Dinodia was appointed as Non-Executive Director w.e.f. 2nd February 2022 citing his previous association with the company. Now the company proposes to appoint him as independent director. However, we are of the view that the cooling off period has not been served from his previous role as auditor. Therefore, we do not favour his appointment.
- UTI Mutual FundSandeep Dinodia, 63, is a Senior Partner at S.R. Dinodia & Co. LLP, a tax consultancy firm. He has been on the board as Non-Executive Non-Independent Director since 2 February 2022. The company has not disclosed his FY25 attendance. Sandeep Dinodia has served on the board of Sandhar Ascast Private Limited, a wholly owned subsidiary of the company from June 2002 to May 2016. Further, S.R. Dinodia & Co. LLP have served as statutory auditor for certain subsidiary and joint venture entities of the company until 19 June 2021 and he was appointed as Non-Executive Non-Independent Director from February 2022. The notice states that Sandeep Dinodia has become eligible to be appointed as an Independent Director after 19 June 2025: the company has considered his tenure as non-executive non-independent director to be cooling period required under regulations after the cessation of the business relationship in June 2019. We believe the director should have had a complete disassociation from the company and the group for at least three years for it to be considered cooling period. Hence, we do not support the resolution.
1 for5 against - Appointment of Shri. Gurvinder Jeet Singh (DIN: 02129467), as Director (Executive – Non-Independent Director) of the Company6 for0 against
- Appointment of Shri. Gurvinder Jeet Singh (DIN: 02129467) as a Whole-time Director (Executive – Non-Independent Director) designated as Whole-time Director & Head - Corporate Strategy of the Company6 for0 against
Mutual fund votes, meeting of 24 Sep 2024, 6 fund houses
To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended the 31st March, 2024 together with the reports of the Board of Directors and Auditors thereonMoreLess
6 for0 against- To declare a final dividend of INR. 3.25/- per equity share of INR. 10/- each fully paid up for the Financial year ended the 31st March, 2024.6 for0 against
- To appoint a Director in place of Shri. Sandeep Dinodia (DIN 00005395), who retires by rotation and being eligible, offers himself for re-appointment.6 for0 against
- Ratification of remuneration payable to Cost Auditor viz. M/s Satija & Co., Cost Accountants for audit of cost records for the financial year 2024-2025.6 for0 against
- Appointment of Smt. Aabha Bakaya (DIN: 05131734) as Non-Executive, Independent Director of the Company.6 for0 against
- Reappointment of Shri Vimal Mahendru (DIN: 00006016) as Non-Executive, Independent Director of the Company.6 for0 against
- Renewal for the Payment of Commission to the Non-Executive Directors.6 for0 against
Mutual fund votes, meeting of 21 Sep 2023, 5 fund houses
To receive, consider and adopt the Audited Standalone Financial Statements and the Audited Consolidated Financial Statements of the Company for the Financial Year ended the 31st March, 2023 together with the Reports of the Board of Directors and Auditors thereon.MoreLess
4 for0 against1 abstained
- To declare a final dividend of Rs. 2. 50/- per equity share of Rs. 10/- each fully paid up for the Financial year ended the 31st March, 2023.4 for0 against
1 abstained
- To appoint a Director in place of Smt. Monica Davar (DIN 00100875), who retires by rotation and being eligible, offers herself for re-appointment.4 for0 against
1 abstained
- Ratification of remuneration payable to Cost Auditor viz. M/s Satija & Co., Cost Accountants for audit of cost records for the financial year 2023-2024.4 for0 against
1 abstained
- Appointment of Shri. Vikrampati Singhania (Din: 00040659) as Non-Executive, Independent Director of the Company.4 for0 against
1 abstained
- Reappointment of Smt. Archana Capoor (DIN: 01204170) as Non-Executive Independent Director of the Company.4 for0 against
1 abstained
- Reappointment of Shri. Bharat Anand (DIN: 02806475) as Non-Executive Independent Director of the Company.4 for0 against
1 abstained
To review and approve the variation, if any, in the remuneration of Shri. Jayant Davar (DIN: 00100801), Co-Chairman and Managing Director of the Company in compliance with the limits prescribed under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.MoreLess
4 for0 against1 abstained
- Renewal of Payment of Commission to the Non-Executive Directors.4 for0 against
1 abstained
Mutual fund votes, meeting of 22 Sep 2022, 4 fund houses
To receive, consider and adopt the Audited Standalone Financial nStatements and the Audited Consolidated Financial Statements nof the Company for the Financial Year ended the 31st March, n2022 together with the Reports of the Board of Directors and nAuditor thereon.nMoreLess
4 for0 against- To declare a final dividend of Rs. 2.25/- per equity share of Rs.n10/- each fully paid up for the Financial Year ended the 31stnMarch, 20224 for0 against
- To appoint a Director in place of Shri Neel Jay Davar (DIN n09201336), who retires by rotation and being eligible, offers nhimself forre-appointment.4 for0 against
- Re-appointment of Statutory Auditors of the Company4 for0 against
- Ratification of remuneration payable to Cost Auditor viz.nM/s Satija & Co for audit of cost records for the FinancialnYear 2022-2023.4 for0 against
Mutual fund votes, meeting of 28 Apr 2022, 3 fund houses
- Appointment of Shri Sandeep Dinodia (DIN- 00005395) as Director of the Company3 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
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.