Sandur Manganese & Iron Ores logo

Sandur Manganese & Iron Ores MD, chairman, board of directors and AGM

NSE: SANDUMABSE: 504918Ferrous MetalsSmall Cap

Last close ₹156.58down ₹5.50 (3.39%)BSE ₹156.65

Share price at the NSE close on 23 Oct 2026. Previous close ₹162.08.

52-week range of traded prices to 23 Oct 2026
₹153.30Low, 23 Oct 2026₹273.00High, 5 Jan 2026
Market cap
₹7,611 Cr546th largest listed
P/E
10.6
P/B
2.3
Dividend yield
0.32%
ROE
24.5%
ROCE
24.4%
Debt to equity
0.30
Volume, NSE
7,21,33742.1% delivered

Sandur Manganese & Iron Ores 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

  • ChairpersonThoniparambil Raghavan Raghunandan
  • Managing directorBahirji Ajai Ghorpade
  • Company Secretary and Compliance OfficerNeha Thomas

8 directors5 independent1 executive2 non-executive

  • Thoniparambil Raghavan Raghunandan · ChairpersonIndependent · joined May 2016 · reappointed Jul 2026 · 2 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Bahirji Ajai Ghorpade · Managing directorExecutive · joined Apr 2020 · reappointed Oct 2025 · 1 listed board · 1 committee seat
  • Gururaj Pandurang KundargiIndependent · joined Nov 2016 · reappointed Nov 2021 · 118 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 2 as chair
  • Latha PillaiIndependent · joined Mar 2019 · reappointed Mar 2024 · 90 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Hemendra Laxmidas ShahIndependent · joined May 2019 · reappointed Oct 2022 · 88 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Mohammed Abdul SaleemNon-executive · joined Apr 2020 · reappointed Aug 2024 · 1 listed board · 1 committee seat
  • Anand SenNon-executive · joined May 2024 · reappointed Mar 2025 · 3 listed boards · 2 as independent · 3 committee seats
  • Pankajam SrideviIndependent · joined Jul 2026 · 2 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair

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

Committees and meetings

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

  • Board

    • 17 Sep 20267 of 8 present4 independent · 41 days in between
    • 6 Aug 20266 of 8 present4 independent · 27 days in between
    • 9 Jul 20267 of 7 present3 independent · 62 days in between
    • 7 May 20267 of 7 present3 independent

  • Audit Committee

    Chair Gururaj Pandurang Kundargi

    Thoniparambil Raghavan Raghunandan, Latha Pillai, Hemendra Laxmidas Shah, Pankajam Sridevi

    • 6 Aug 20264 of 5 present4 independent · 27 days in between
    • 9 Jul 20264 of 4 present4 independent · 62 days in between
    • 7 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Latha Pillai

    Thoniparambil Raghavan Raghunandan, Gururaj Pandurang Kundargi, Hemendra Laxmidas Shah, Pankajam Sridevi

    • 9 Jul 20264 of 4 present4 independent · 62 days in between
    • 7 May 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Pankajam Sridevi

    Bahirji Ajai Ghorpade, Gururaj Pandurang Kundargi, Latha Pillai, Hemendra Laxmidas Shah, Mohammed Abdul Saleem, Anand Sen

    • 6 Aug 20265 of 7 present3 independent · 90 days in between
    • 7 May 20266 of 6 present3 independent

  • Risk Management Committee

    Chair Anand Sen

    Thoniparambil Raghavan Raghunandan, Bahirji Ajai Ghorpade, Gururaj Pandurang Kundargi, Latha Pillai, Hemendra Laxmidas Shah, Mohammed Abdul Saleem, Pankajam Sridevi

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Hemendra Laxmidas Shah

    Thoniparambil Raghavan Raghunandan, Bahirji Ajai Ghorpade, Mohammed Abdul Saleem, Anand Sen

    No meeting listed in the filing.

  • Corporate Sustainability Committee

    Chair Thoniparambil Raghavan Raghunandan

    Gururaj Pandurang Kundargi, Latha Pillai, Mohammed Abdul Saleem, Pankajam Sridevi

    • 9 Jul 20264 of 4 present3 independent

  • Qualified Institutions Placement Committee

    Chair Gururaj Pandurang Kundargi

    Bahirji Ajai Ghorpade, Hemendra Laxmidas Shah

    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.

  • M/s. Deloitte Haskins & SellsPeer-review certificate valid to Apr 2028
1 earlier auditor
  • Deloitte Haskins & SellsNamed in filings from Mar 2025 to Jun 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Sandur Manganese & Iron Ores 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.Sandur Manganese & Iron Ores dividend history

Annual general meeting, 19 Aug 2026

87,567 shareholders on the register on 12 Aug 2026; present: 9 promoters and 57 others; votes counted by SATHYA PRASAD YADAV TEKUMATLA / SATHYA PRASAD YADAV TEKUMATLA.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt audited standalone financial statement of the Company for the financial year ended 31 March 2026, together with the Reports of the Board of Directors and the Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.45% · promoters 99.99% · institutions 71.14% · other public 1.95%

  2. To receive, consider and adopt audited consolidated financial statement of the Company for the financial year ended 31 March 2026, together with the Report of the Auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.45% · promoters 99.99% · institutions 71.14% · other public 1.95%

  3. To declare final dividend of Rs.0.50 per Equity Share of face value of Rs.10 each for the financial year ended 31 March 2026
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.49% · promoters 99.99% · institutions 72.44% · other public 1.95%

  4. To re-appoint a director in place of Mohammed Abdul Saleem (DIN: 00061497) who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 2.94% · other public 0.36%

    Turnout: all 76.49% · promoters 99.99% · institutions 72.44% · other public 1.95%

  5. Appointment of T. R. Raghunandan (DIN: 03637265) as an Independent Director
    Special
    99.03% for0.97% against

    Against: promoters 0.00% · institutions 40.81% · other public 0.26%

    Turnout: all 76.49% · promoters 99.99% · institutions 72.44% · other public 1.95%

  6. Appointment of Pankajam Sridevi (DIN: 06783360) as a Director
    Ordinary
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 3.77% · other public 0.26%

    Turnout: all 76.49% · promoters 99.99% · institutions 72.44% · other public 1.95%

  7. Appointment of Pankajam Sridevi (DIN: 06783360) as an Independent Director
    Special
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 3.77% · other public 0.27%

    Turnout: all 76.49% · promoters 99.99% · institutions 72.44% · other public 1.95%

  8. Ratification of remuneration payable to M/s. Kamalakara & Co., Cost Auditor of the Company for the financial year 2026-27
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.49% · promoters 99.99% · institutions 72.44% · other public 1.95%

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, 17 Sep 2025, 8 resolutions

60,055 shareholders on the register on 10 Sep 2025; present: 11 promoters and 58 others; votes counted by SATHYA PRASAD YADAV TEKUMATLA / SATHYA PRASAD YADAV TEKUMATLA.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone Financial Statement
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.02% · promoters 100.00% · institutions 81.92% · other public 3.89%

  2. Adoption of Audited Consolidated Financial Statement
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.02% · promoters 100.00% · institutions 81.92% · other public 3.89%

  3. Declaration of Dividend for the financial year ended 31 March 2025
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.02% · promoters 100.00% · institutions 82.08% · other public 3.89%

  4. Re-appointment of T. R. Raghunandan (DIN: 03637265) as Director, liable to retire by rotation
    Ordinary
    99.66% for0.34% against

    Against: promoters 0.00% · institutions 30.05% · other public 0.25%

    Turnout: all 76.02% · promoters 100.00% · institutions 82.08% · other public 3.89%

  5. Re-appointment of Bahirji Ajai Ghorpade (DIN: 08452844) as Managing Director for a tenure of three years from 1 October 2025
    SpecialPromoters have an interest in it
    99.37% for0.63% against

    Against: promoters 0.00% · institutions 56.47% · other public 0.06%

    Turnout: all 76.02% · promoters 100.00% · institutions 82.08% · other public 3.89%

  6. Approval to raise funds by way of issuance of Equity Shares through Qualified Institutions Placement (QIP)
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 1.80% · other public 0.09%

    Turnout: all 76.02% · promoters 100.00% · institutions 82.08% · other public 3.89%

  7. Appointment of N. D. Satish, Practising Company Secretary as Secretarial Auditor of the Company for a term of five years
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.02% · promoters 100.00% · institutions 82.08% · other public 3.89%

  8. Ratification of remuneration payable to M/s. Kamalakara & Co., Cost Auditor of the Company for the financial year 2025-26
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.02% · promoters 100.00% · institutions 82.08% · other public 3.89%

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, 10 Sep 2025, 2 resolutions

58,579 shareholders on the register on 8 Aug 2025; votes counted by SATHYA PRASAD YADAV TEKUMATLA / SATHYA PRASAD YADAV TEKUMATLA.The company's voting result (opens in a new tab)

  1. To approve increase in Authorised Share Capital and consequent alteration of Capital Clause of the Memorandum of Association (MOA) of the Company
    Special
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 22.81% · other public 0.08%

    Turnout: all 76.34% · promoters 99.94% · institutions 85.73% · other public 5.23%

  2. To approve issue of Bonus Shares to the equity shareholders of the Company
    Ordinary
    99.31% for0.69% against

    Against: promoters 0.00% · institutions 60.77% · other public 0.07%

    Turnout: all 76.34% · promoters 99.94% · institutions 85.73% · other public 5.23%

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.

Postal ballot, 23 Mar 2025, 1 resolution

55,943 shareholders on the register on 14 Feb 2025; votes counted by SATHYA PRASAD YADAV TEKUMATLA / SATHYA PRASAD YADAV TEKUMATLA.The company's voting result (opens in a new tab)

  1. To consider and approve the alteration of Articles of Association of the Company
    Special
    98.86% for1.14% against

    Against: promoters 0.00% · institutions 54.58% · other public 0.41%

    Turnout: all 77.05% · promoters 99.99% · institutions 83.57% · other public 5.22%

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, 18 Sep 2024, 7 resolutions

Present: 10 promoters and 42 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone Financial Statement
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.00% · promoters 100.00% · institutions 92.10% · other public 4.51%

  2. Adoption of Audited Consolidated Financial Statement
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.00% · promoters 100.00% · institutions 92.10% · other public 4.51%

  3. Declaration of Dividend for the financial year ended 31 March 2024
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.00% · promoters 100.00% · institutions 92.10% · other public 4.51%

  4. Re-appointment of Mohammed Abdul Saleem (DIN: 00061497) as Director, liable to retire by rotation
    Ordinary
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 6.16% · other public 0.78%

    Turnout: all 77.00% · promoters 100.00% · institutions 92.10% · other public 4.51%

  5. Ratification of remuneration payable to M/s. Kamalakara & Co., Cost Auditor of the Company for the financial year 2024-25
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.00% · promoters 100.00% · institutions 92.10% · other public 4.51%

  6. Approval for payment of ex-gratia amounting to Rs.5 crore to Mohammed Abdul Saleem (DIN:00061497), Director of the Company
    Special
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 4.73% · other public 2.26%

    Turnout: all 76.40% · promoters 100.00% · institutions 92.10% · other public 2.04%

  7. Approval for remuneration to be paid to Mohammed Abdul Saleem (DIN: 00061497), Non-Executive Director of the Company for availing services in his professional capacity
    Special
    97.81% for2.19% against

    Against: promoters 0.00% · institutions 98.44% · other public 0.95%

    Turnout: all 77.00% · promoters 100.00% · institutions 92.10% · other public 4.51%

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

Postal ballot, 19 Jul 2024, 2 resolutions

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

  1. Appointment of Anand Sen (DIN: 00237914) as a Director
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 3.05% · other public 0.80%

    Turnout: all 77.26% · promoters 100.00% · institutions 90.17% · other public 6.47%

  2. Appointment of Anand Sen (DIN: 00237914) as an Independent Director
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 3.05% · other public 0.78%

    Turnout: all 77.26% · promoters 100.00% · institutions 90.17% · other public 6.47%

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, 1 Jun 2024, 1 resolution

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

  1. Authorisation to Board of Directors to give loan, provide guarantee or security and to make investment under Section 186 of the Companies Act, 2013
    Special
    98.29% for1.71% against

    Against: promoters 0.00% · institutions 91.59% · other public 1.04%

    Turnout: all 77.06% · promoters 100.00% · institutions 91.64% · other public 5.84%

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, 20 Jan 2024, 3 resolutions

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

  1. To increase the Authorised Share Capital and consequent alteration of Capital Clause of the Memorandum of Association (MOA) of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 75.76% · promoters 100.00% · institutions 87.99% · other public 3.26%

  2. To adopt new Articles of Association of the Company for aligning with the provisions ofnCompanies Act, 2013
    Special
    100.00% for0.00% against

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

    Turnout: all 75.75% · promoters 100.00% · institutions 87.57% · other public 3.26%

  3. To approve issue of Bonus Shares to the equity shareholders of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.76% · promoters 100.00% · institutions 87.99% · other public 3.26%

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 19 Aug 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt audited standalone financial statement of the Company for the financial year ended 31 March 2026, together with the Reports of the Board of Directors and the Auditors thereonMoreLess
    1 for0 against
  • To receive, consider and adopt audited consolidated financial statement of the Company for the financial year ended 31 March 2026, together with the Report of the Auditors thereon
    1 for0 against
  • To declare final dividend of Rs.0.50 per Equity Share of face value of Rs.10 each for the financial year ended 31 March 2026
    1 for0 against
  • To re-appoint a director in place of Mohammed Abdul Saleem (DIN: 00061497) who retires by rotation and being eligible, offers himself for re-appointment
    1 for0 against
  • Appointment of T. R. Raghunandan (DIN: 03637265) as an Independent Director
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance Concern: Cooling off period not served between the transition from Non-Executive Director to Independent Director. The proposed director has been associated with the Company for more than 10 years, resulting in prolonged association. The proposed director is a member of Nomination & Remuneration Committee and the remuneration paid to Promoter Executive Director viz. Mr. Bahirji Ajai Ghorpade during FY 2025-26 appears excessive when compared to his age and experience and no justification has been provided for such excessive increase in remuneration. Transparency Concern: It is not clear whether the office of Mr. Anand Sen is retiring or non-retiring, resulting in lack of clarity on whether the board is non-compliant with Section 152(6) of the Companies Act, 2013. The Proposed appointee is the Board Chairperson and a Member of the Nomination & Remuneration Committee; hence, should be held accountable if material non-compliance exists.
    0 for1 against
  • Appointment of Pankajam Sridevi (DIN: 06783360) as a Director
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance Concern: The intent of the resolutions is not clear.
    0 for1 against
  • Appointment of Pankajam Sridevi (DIN: 06783360) as an Independent Director
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance Concern: The Company has proposed appointment as Non-Executive Director and Independent Director at the same time. An Independent Director appointment should be exclusive in nature with no possibility mixing with any other position enabling the continuation of any other attached position. Such an appointment vitiates independence ab initio.
    0 for1 against
  • Ratification of remuneration payable to M/s. Kamalakara & Co., Cost Auditor of the Company for the financial year 2026-27
    1 for0 against

Mutual fund votes, meeting of 17 Sep 2025, 1 fund house

  • Adoption of Audited Standalone Financial Statement
    1 for0 against
  • Adoption of Audited Consolidated Financial Statement
    1 for0 against
  • Declaration of Dividend for the financial year ended 31 March 2025
    1 for0 against
  • Re-appointment of T. R. Raghunandan (DIN: 03637265) as Director, liable to retire by rotation
    1 for0 against
  • Re-appointment of Bahirji Ajai Ghorpade (DIN: 08452844) as Managing Director for a tenure of three years from 1 October 2025
    1 for0 against
  • Approval to raise funds by way of issuance of Equity Shares through Qualified Institutions Placement (QIP)
    1 for0 against
  • Appointment of N. D. Satish, Practising Company Secretary as Secretarial Auditor of the Company for a term of five years
    1 for0 against
  • Ratification of remuneration payable to M/s. Kamalakara & Co., Cost Auditor of the Company for the financial year 2025-26
    1 for0 against
6 earlier meetings

Mutual fund votes, meeting of 10 Sep 2025, 1 fund house

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

  • To approve issue of Bonus Shares to the equity shareholders of the Company
    1 for0 against
1 proposal not matched to one resolution
  • To increase in Authorised Share Capital of the Company from Rs. 2,00,00,00,000/- divided into 20,00,00,000 Equity Shares of Rs. 10/- each to Rs. 6,00,00,00,000/- divided into 60,00,00,000 Equity Shares of Rs. 10/- each.MoreLess
    1 for0 against

Mutual fund votes, meeting of 23 Mar 2025, 5 fund houses

  • To consider and approve the alteration of Articles of Association of the Company
    Against Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, quant Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern in relation with rights which cover cases specifically covered under law i.e. Nomination of Debenture Trustees. Governance Concern: Provides rights for instances wherein the scope is not restricted to merely what is provided in law. Nomination rights undermines the role of NRC.
    • Mirae Asset Mutual FundAs per advisory recommendation (passive holding)
    • quant Mutual FundCompliant with law. No concern in relation with rights which cover cases specifically covered under law i.e. Nomination of Debenture Trustees. Governance Concern: Provides rights for instances wherein the scope is not restricted to merely what is provided in law. Nomination rights undermines the role of NRC. such powers undermine the role of NRC in identifying potential candidates for directorship. As once appointed on the Board, he/she is not just a shareholder representative but also has the fiduciary duties like every other director on the Board. When these nominee directors are nominated by interested parties (i.e. financial institutions), then proposing them through NRC and the Board, appears to be a namesake arrangement; especially when the nomination rights are not just to nominate but also to appoint on the Board. There might be instances when the appointment of Nominee Directors will be justified. However, such approval should be specific in nature and such rights should not be engraved in the articles, that with blanket approvals.
    0 for5 against

Mutual fund votes, meeting of 18 Sep 2024, 3 fund houses

  • Adoption of Audited Standalone Financial Statement
    3 for0 against
  • Adoption of Audited Consolidated Financial Statement
    3 for0 against
  • Declaration of Dividend for the financial year ended 31 March 2024
    3 for0 against
  • Re-appointment of Mohammed Abdul Saleem (DIN: 00061497) as Director, liable to retire by rotation
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundComplaint with law. Governance concern: Interlinked with resolution #6 & #7.
    0 for3 against
  • Ratification of remuneration payable to M/s. Kamalakara & Co., Cost Auditor of the Company for the financial year 2024-25
    3 for0 against
  • Approval for payment of ex-gratia amounting to Rs.5 crore to Mohammed Abdul Saleem (DIN:00061497), Director of the Company
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance & Transparency concern: Linked with resolution #7.
    0 for3 against
  • Approval for remuneration to be paid to Mohammed Abdul Saleem (DIN: 00061497), Non-Executive Director of the Company for availing services in his professional capacity
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-compliance with Companies Act, 2013: Prior approval not sought. Governance & Transparency Concern: Inadequate disclosures regarding the office of profit. Fairness cannot be ascertained, skewed remuneration in favor of Promoter Director.
    0 for3 against

Mutual fund votes, meeting of 19 Jul 2024, 3 fund houses

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

  • Appointment of Anand Sen (DIN: 00237914) as a Director
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundGovernance Concern: The intent of the resolutions is not clear.
    0 for2 against
  • Appointment of Anand Sen (DIN: 00237914) as an Independent Director
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundGovernance Concern: Appointment as NED and ID at the same time.
    0 for2 against
1 proposal not matched to one resolution
  • 1. Appointment of Anand Sen (DIN: 00237914) as a Director: 2. Appointment of Anand Sen (DIN: 00237914) as an Independent Director:
    1 for0 against

Mutual fund votes, meeting of 1 Jun 2024, 3 fund houses

  • Authorisation to Board of Directors to give loan, provide guarantee or security and to make investment under Section 186 of the Companies Act, 2013
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund, quant Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance concern: Blanket approval; Inadequate disclosure.
    • quant Mutual FundRes 1 Vote: AGAINST Explanation: Compliant with Law. Governance concern: Blanket approval; Inadequate disclosure
    0 for3 against

Mutual fund votes, meeting of 20 Jan 2024, 1 fund house

  • 1. Increase Authorised Share Capital and consequent alteration of Capital Clause of MOA 2.Adopt new AOA of the Company for aligning with provisions of Companies Act, 2013 3.Approve issue of Bonus Shares to equity shareholders of the CompanyMoreLess
    1 for0 against

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

Stakes in unlisted companies

Reported in the filing for the quarter to Sep 2026.

  • Unlisted stake boughtRoyal Sandur Academy Private LimitedSince 14 Aug 2026

    100.00% bought in the quarter; holding 100.00%, from 0.00%

  • Unlisted stake boughtRoyal Sandur Hospitality Private LimitedSince 21 Aug 2026

    100.00% bought in the quarter; holding 100.00%, from 0.00%

  • Unlisted stake boughtRoyal Sandur MedTech Private LimitedSince 25 Sep 2026

    100.00% bought in the quarter; holding 100.00%, from 0.00%

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 2 complaints open, quarter to Dec 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
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.

How money raised was used

The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.