Sapphire Foods India CEO, MD, chairman, board of directors and AGM
NSE: SAPPHIREBSE: 543397Leisure ServicesSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹195.85.
- 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.
- ₹6,283 Cr720th 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.
- Lossover the last 12 months
- 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 22 Oct 2026
- 4.5
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- 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 22 Oct 2026
- −0.3%
- ROE without one-offsReturn on equity without one-off items. Core profit, 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 less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹25 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 1.5%
- 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 22 Oct 2026
- 8.8%
- 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 Sep 2026. The filing of 22 Oct 2026
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 9,82,12147.4% delivered
Sapphire Foods India 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
- ChairpersonSunil Rewachand Chandiramani
- Chief executiveSanjay Purohit
- Company Secretary and Compliance OfficerSachin Dudam
9 directors3 independent2 executive4 non-executive
- Sunil Rewachand Chandiramani · ChairpersonIndependent · joined Aug 2021 · reappointed Aug 2026 · 61 months as independent · 4 listed boards · 4 as independent · 7 committee seats, 4 as chair
- Sanjay Purohit · Chief executiveExecutive · joined Aug 2016 · 1 listed board
- Sumeet NarangNominee, non-executive · joined Jul 2021 · 3 listed boards · 2 as independent · 3 committee seats, 2 as chair
- Vijay Lalchand JainNominee, executive · joined May 2025 · 1 listed board · 1 committee seat
- Kabir Kishin ThakurNominee, non-executive · joined Aug 2021 · 2 listed boards · 6 committee seats, 2 as chair
- Anu Ram AggarwalIndependent · joined Aug 2021 · reappointed Aug 2026 · 61 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Deepa Gopalan WadhwaIndependent · joined Aug 2021 · reappointed Aug 2026 · 61 months as independent · 7 listed boards · 7 as independent · 7 committee seats, 1 as chair
- Kushal AgarwalNominee, non-executive · joined Feb 2026 · 1 listed board · 1 committee seat
- Vikram Ranjan AgarwalNominee, non-executive · joined Jun 2026 · 1 listed board
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
- Vinod Nambiar, left 19 Jun 2026: Others
- Rohitt Mutthoo, left 17 Oct 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 26 Aug 20269 of 9 present3 independent · 32 days in between
- 24 Jul 20268 of 9 present2 independent · 86 days in between
- 28 Apr 20268 of 9 present3 independent
Audit Committee
Chair Sunil Rewachand Chandiramani
Anu Ram Aggarwal, Deepa Gopalan Wadhwa, Kabir Kishin Thakur
- 26 Aug 20264 of 4 present3 independent · 32 days in between
- 24 Jul 20263 of 4 present2 independent · 86 days in between
- 28 Apr 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Anu Ram Aggarwal
Sumeet Narang, Deepa Gopalan Wadhwa
- 24 Jul 20262 of 3 present1 independent · 86 days in between
- 28 Apr 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Kabir Kishin Thakur
Sunil Rewachand Chandiramani, Vijay Lalchand Jain, Kushal Agarwal
- 24 Jul 20264 of 4 present1 independent · 86 days in between
- 28 Apr 20264 of 4 present1 independent
Risk Management Committee
Chair Anu Ram Aggarwal
Sanjay Purohit, Vikram Ranjan Agarwal
- 24 Jul 20262 of 3 present0 independent
Corporate Social Responsibility Committee
Chair Deepa Gopalan Wadhwa
Sanjay Purohit, Sumeet Narang, Vikram Ranjan Agarwal
- 28 Apr 20263 of 4 present1 independent
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 Mar 2027
1 earlier auditor
- M/s. SRBC & CO LLPNamed in the filing for the quarter to Mar 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.
Sapphire Foods India AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Sapphire Foods India share news and announcements
Annual general meeting, 21 Jul 2026
58,522 shareholders on the register on 14 Jul 2026; present: 2 promoters and 50 others; votes counted by ALWYN D'SOUZA / M/S. ALWYN D'SOUZA & CO..The company's voting result (opens in a new tab)
To receive, consider, approve and adopt: a) The Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2026, together with the Reports of the Board of Directors and the Auditors Report thereon; and b) The Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2026, together with the Reports of the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 85.76% · promoters 100.00% · institutions 88.20% · other public 8.15%
- To appoint a Director in place of Mr. Vijay Jain (DIN:11129200), who retires by rotation, in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it99.67% for0.33% against
Against: promoters 0.00% · institutions 0.48% · other public 0.10%
Turnout: all 85.76% · promoters 100.00% · institutions 88.20% · other public 8.15%
- To appoint a Director in place of Mr. Kabir Thakur (DIN: 08422362), who retires by rotation, in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it99.64% for0.36% against
Against: promoters 0.00% · institutions 0.53% · other public 0.10%
Turnout: all 85.76% · promoters 100.00% · institutions 88.20% · other public 8.15%
- Re-appointment of Mr. Sanjay Purohit (DIN: 00117676) as Whole-time Director & Group CEO and approval of terms and conditions including remuneration payable to Mr. Sanjay Purohit.Special99.75% for0.25% against
Against: promoters 0.00% · institutions 0.36% · other public 0.10%
Turnout: all 85.76% · promoters 100.00% · institutions 88.20% · other public 8.15%
- Re-appointment of Mr. Sunil Chandiramani (DIN: 00524035) as Chairman and Independent Director for a second term and approval of remuneration payable to Mr. Sunil Chandiramani.Special99.73% for0.27% against
Against: promoters 0.00% · institutions 0.39% · other public 0.10%
Turnout: all 85.76% · promoters 100.00% · institutions 88.20% · other public 8.15%
- Re-appointment of Ms. Deepa Wadhwa (DIN: 07862942), Independent Director for a second term and approval of remuneration payable to Ms. Deepa Wadhwa.Special99.46% for0.54% against
Against: promoters 0.00% · institutions 0.78% · other public 0.10%
Turnout: all 85.76% · promoters 100.00% · institutions 88.20% · other public 8.15%
- Re-appointment of Ms. Anu Aggarwal (DIN: 07301689), Independent Director for a second term.Special99.20% for0.80% against
Against: promoters 0.00% · institutions 1.05% · other public 10.97%
Turnout: all 85.76% · promoters 100.00% · institutions 88.20% · other public 8.15%
- Continuation of appointment of Mr. Sumeet Narang (DIN: 01874599) as Non-Executive Nominee Director of the Company.OrdinaryPromoters have an interest in it99.63% for0.37% against
Against: promoters 0.00% · institutions 0.54% · other public 0.03%
Turnout: all 85.76% · promoters 100.00% · institutions 88.20% · other public 8.15%
- Appointment of Mr. Vikram Agarwal (DIN: 03038370) as Non-Executive Nominee Director of the Company.OrdinaryPromoters have an interest in it99.80% for0.20% against
Against: promoters 0.00% · institutions 0.30% · other public 0.03%
Turnout: all 85.76% · promoters 100.00% · institutions 88.20% · other public 8.15%
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 Mar 2026, 1 resolution
57,596 shareholders on the register on 6 Feb 2026; votes counted by ALWYN D'SOUZA / M/S. ALWYN D'SOUZA & CO..The company's voting result (opens in a new tab)
- Appointment of Mr. Kushal Agarwal (DIN: 11528795) as Non-Executive Nominee Director of the Company.OrdinaryPromoters have an interest in it99.58% for0.42% against
Against: promoters 0.00% · institutions 0.60% · other public 3.42%
Turnout: all 85.66% · promoters 100.00% · institutions 89.23% · other public 0.96%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 8 Feb 2026, 1 resolution
53,998 shareholders on the register on 2 Jan 2026; votes counted by ALWYN D'SOUZA / M/S. ALWYN D'SOUZA & CO..The company's voting result (opens in a new tab)
To approve Shifting of Registered Office of the Company from the ‘State of Maharashtra’ to the ‘State of Haryana’ and consequential amendment in Clause II of the Memorandum of Association of the Company.MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 5.47%
Turnout: all 85.31% · promoters 100.00% · institutions 89.09% · other public 0.22%
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, 8 Aug 2025, 6 resolutions
53,523 shareholders on the register on 31 Jul 2025; present: 2 promoters and 41 others; votes counted by ALWYN D'SOUZA / M/S. ALWYN D'SOUZA & CO..The company's voting result (opens in a new tab)
To receive, consider, approve and adopt: a) the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2025, together with the Reports of the Board of Directors and the Auditors Report thereon; and b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2025, together with the Reports of the Auditors thereon.MoreLess
Ordinary99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.01% · other public 0.01%
Turnout: all 90.03% · promoters 100.00% · institutions 91.06% · other public 12.70%
- To appoint a Director in place of Mr. Vinod Nambiar (DIN: 07290613), who retires by rotation, in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it80.96% for19.04% against
Against: promoters 0.00% · institutions 27.03% · other public 0.03%
Turnout: all 90.03% · promoters 100.00% · institutions 91.06% · other public 12.70%
- To appoint a Director in place of Mr. Kabir Thakur (DIN: 08422362), who retires by rotation, in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it98.94% for1.06% against
Against: promoters 0.00% · institutions 1.50% · other public 0.20%
Turnout: all 90.03% · promoters 100.00% · institutions 91.06% · other public 12.70%
- To appoint M/s. Deloitte Haskins & Sells, Chartered Accountants (Firm Registration No. 117365W) as the Statutory Auditors of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 90.03% · promoters 100.00% · institutions 91.06% · other public 12.70%
- To appoint M/s. Alwyn Jay & Co., Company Secretaries (Firm Registration No. P2010MH021500) as the Secretarial Auditors of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 90.03% · promoters 100.00% · institutions 91.06% · other public 12.70%
Appointment of Mr. Vijay Jain (DIN: 11129200) as Executive Director & Chief Financial Officer (“ED & CFO”) and approval of terms and conditions including remuneration payable to Mr. Vijay Jain as ED & CFO.MoreLess
SpecialPromoters have an interest in it99.48% for0.52% againstAgainst: promoters 0.00% · institutions 0.73% · other public 0.02%
Turnout: all 90.03% · promoters 100.00% · institutions 91.06% · other public 12.70%
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, 3 Jan 2025, 1 resolution
55,376 shareholders on the register on 29 Nov 2024; votes counted by ALWYN D'SOUZA / M/S. ALWYN D'SOUZA & CO..The company's voting result (opens in a new tab)
- Regularisation of Mr. Rohitt Mutthoo (DIN: 10386059) as Non-Executive Non-Independent Nominee Director of the CompanyOrdinaryPromoters have an interest in it99.27% for0.73% against
Against: promoters 0.00% · institutions 1.03% · other public 7.41%
Turnout: all 89.25% · promoters 100.00% · institutions 91.76% · 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, 9 Aug 2024, 8 resolutions
Present: 2 promoters and 74 others.The company's voting result (opens in a new tab)
To receive, consider, approve and adopt: na)tthe Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2024, together with the Reports of the Board of Directors and the Auditors Report thereon; and nb)tthe Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2024, together with the Reports of the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 91.18% · promoters 100.00% · institutions 93.32% · other public 20.18%
- To appoint a Director in place of Mr. Vinod Nambiar (DIN: 07290613), who retires by rotation, in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it98.92% for1.08% against
Against: promoters 0.00% · institutions 1.66% · other public 0.04%
Turnout: all 91.18% · promoters 100.00% · institutions 93.32% · other public 20.18%
To appoint a Director in place of Mr. Norbert Fernandes (DIN: 06716549), who retires by rotation, in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
OrdinaryPromoters have an interest in it98.92% for1.08% againstAgainst: promoters 0.00% · institutions 1.66% · other public 0.04%
Turnout: all 91.18% · promoters 100.00% · institutions 93.32% · other public 20.18%
- Payment of remuneration to Mr. Sanjay Purohit (DIN: 00117676), Whole-Time Director & Group CEO for FY25 and FY26.Special92.84% for7.16% against
Against: promoters 0.00% · institutions 11.03% · other public 0.06%
Turnout: all 91.18% · promoters 100.00% · institutions 93.32% · other public 20.18%
- Approval for payment of remuneration to Non-Executive / Independent Directors of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 91.18% · promoters 100.00% · institutions 93.32% · other public 20.18%
- Payment of Remuneration to Mr. Sunil Chandiramani (DIN:00524035), Chairman and Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 91.18% · promoters 100.00% · institutions 93.32% · other public 20.18%
- Payment of Remuneration to Ms. Deepa Wadhwa (DIN: 07862942), Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 91.18% · promoters 100.00% · institutions 93.32% · other public 20.18%
- To Approve Sub-Division/Split of Face Value of Equity Shares of the Company and the consequent amendment to the Memorandum of Association of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 91.18% · promoters 100.00% · institutions 93.32% · other public 20.18%
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.
Annual general meeting, 11 Aug 2023, 4 resolutions
Present: 5 promoters and 46 others.The company's voting result (opens in a new tab)
To receive, consider, approve and adopt:na) the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2023, together with the Reports of the Board of Directors and the Auditors Report thereon; andnb) the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2023, together with the Reports of the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 84.92% · promoters 100.00% · institutions 80.83% · other public 17.64%
- To appoint a Director in place of Mr. Vikram Agarwal (DIN: 03038370), who retires by rotation, in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it97.37% for2.63% against
Against: promoters 0.00% · institutions 5.74% · other public 0.09%
Turnout: all 84.92% · promoters 100.00% · institutions 80.83% · other public 17.64%
- To appoint a Director in place of Mr. Kabir Thakur (DIN: 08422362), who retires by rotation, in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it98.01% for1.99% against
Against: promoters 0.00% · institutions 4.36% · other public 0.09%
Turnout: all 84.92% · promoters 100.00% · institutions 80.83% · other public 17.64%
- Regularisation of Mr. Norbert Fernandes (DIN: 06716549) as Non-Executive Non-Independent Nominee Director of the CompanyOrdinaryPromoters have an interest in it98.01% for1.99% against
Against: promoters 0.00% · institutions 4.36% · other public 0.09%
Turnout: all 84.92% · promoters 100.00% · institutions 80.83% · other public 17.64%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 2 Sep 2022, 5 resolutions
Present: 4 promoters and 34 others.The company's voting result (opens in a new tab)
To receive, consider, approve and adopt:na)the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2022, together with the Reports of the Board of Directors and the Auditors Report thereon; andnb)the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2022, together with the Reports of the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 74.20% · promoters 100.00% · institutions 62.04% · other public 25.94%
- To appoint a Director in place of Mr. Kabir Thakur (DIN: 08422362), who retires by rotation, in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 78.33% · promoters 100.00% · institutions 76.51% · other public 25.94%
- To appoint a Director in place of Mr. Vinod Nambiar (DIN: 07290613), who retires by rotation, in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 78.33% · promoters 100.00% · institutions 76.51% · other public 25.94%
To ratify Sapphire Food Employees Stock Option Scheme 2019 - Scheme III - Management other than CEO¿ ( Scheme III ) read with Sapphire Foods Employees Stock Option Plan 2017 ( ESOP Plan ) for Grant of Options to the Eligible Employees of Subsidiary Companies.MoreLess
Special85.10% for14.90% againstAgainst: promoters 0.00% · institutions 62.00% · other public 1.44%
Turnout: all 74.20% · promoters 100.00% · institutions 62.04% · other public 25.94%
Approval of Grants under Sapphire Foods Employee Stock Option Scheme 2022 – Scheme III A – Management Other Than CEO’ – (“Scheme III A”) read with “Sapphire Foods Employee Stock Option Plan 2017” (“ESOP Plan”) to the Eligible Employees / Directors of the subsidiary company(ies) of Sapphire Foods India Limited.MoreLess
Special85.29% for14.71% againstAgainst: promoters 0.00% · institutions 61.20% · other public 1.44%
Turnout: all 74.20% · promoters 100.00% · institutions 62.04% · other public 25.94%
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 21 Jul 2026, 10 fund houses so far (houses' deadline to file 15 Oct 2026)
To receive, consider, approve and adopt: a) The Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2026, together with the Reports of the Board of Directors and the Auditors Report thereon; and b) The Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2026, together with the Reports of the Auditors thereon.MoreLess
10 for0 against- To appoint a Director in place of Mr. Vijay Jain (DIN:11129200), who retires by rotation, in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for re-appointment.10 for0 against
- To appoint a Director in place of Mr. Kabir Thakur (DIN: 08422362), who retires by rotation, in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for re-appointment.10 for0 against
- Re-appointment of Mr. Sanjay Purohit (DIN: 00117676) as Whole-time Director & Group CEO and approval of terms and conditions including remuneration payable to Mr. Sanjay Purohit.10 for0 against
- Re-appointment of Mr. Sunil Chandiramani (DIN: 00524035) as Chairman and Independent Director for a second term and approval of remuneration payable to Mr. Sunil Chandiramani.10 for0 against
- Re-appointment of Ms. Deepa Wadhwa (DIN: 07862942), Independent Director for a second term and approval of remuneration payable to Ms. Deepa Wadhwa.10 for0 against
- Re-appointment of Ms. Anu Aggarwal (DIN: 07301689), Independent Director for a second term.
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundGovernance & Transparency Concern: Proposed appointee continuing association as a President in the wholesale banking division of Kotak Mahindra Bank Ltd, a Major shareholder of the Company, raises concerns regarding potential conflicts of interest. Independent director not draw any remuneration from the Company, since appointment and the Company has not provided any clarification as to why an independent director is working for Probono.
- Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern identified with respect to the profile or merit of the proposed appointee. Governance & Transparency Concern: Proposed appointee continuing association as a President in the wholesale banking division of Kotak Mahindra Bank Ltd, a Major shareholder of the Company, raises concerns regarding potential conflicts of interest. Independent director not draw any remuneration from the Company, since appointment and the Company has not provided any clarification as to why an independent director is working for Probono.
7 for3 against - Continuation of appointment of Mr. Sumeet Narang (DIN: 01874599) as Non-Executive Nominee Director of the Company.10 for0 against
- Appointment of Mr. Vikram Agarwal (DIN: 03038370) as Non-Executive Nominee Director of the Company.10 for0 against
Mutual fund votes, meeting of 26 Mar 2026, 22 fund houses
- Appointment of Mr. Kushal Agarwal (DIN: 11528795) as Non-Executive Nominee Director of the Company.22 for0 against
6 earlier meetings
Mutual fund votes, meeting of 8 Feb 2026, 23 fund houses
To approve Shifting of Registered Office of the Company from the ‘State of Maharashtra’ to the ‘State of Haryana’ and consequential amendment in Clause II of the Memorandum of Association of the Company.MoreLess
23 for0 against
Mutual fund votes, meeting of 8 Aug 2025, 19 fund houses
To receive, consider, approve and adopt: a) the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2025, together with the Reports of the Board of Directors and the Auditors Report thereon; and b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2025, together with the Reports of the Auditors thereon.MoreLess
Against Angel One Mutual Fund, Groww Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundGovernance concern: Unpaid undisputed statutory dues pending for more than two years and no justification for the same.
- Groww Mutual Fund, Navi Mutual FundCompliant with Accounting Standards. Governance concern: Unpaid undisputed statutory dues pending for more than 2 years and no justification for the same
16 for3 against- To appoint a Director in place of Mr. Vinod Nambiar (DIN: 07290613), who retires by rotation, in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for re-appointment.
Against Franklin Templeton Mutual Fund, HSBC Mutual Fund
- Franklin Templeton Mutual FundA vote AGAINST the following nominee is warranted because Vinod Nambiar has failed to attend at least 75 percent of board meetings in the most recent fiscal year, without a satisfactory explanation.
- HSBC Mutual FundA vote AGAINST the following nominee is warranted because:• Vinod Nambiar has failed to attend at least 75 percent of board meetings in the most recent fiscal year, without a satisfactory explanation.
17 for2 against - To appoint a Director in place of Mr. Kabir Thakur (DIN: 08422362), who retires by rotation, in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for re-appointment.19 for0 against
- To appoint M/s. Deloitte Haskins & Sells, Chartered Accountants (Firm Registration No. 117365W) as the Statutory Auditors of the Company.19 for0 against
- To appoint M/s. Alwyn Jay & Co., Company Secretaries (Firm Registration No. P2010MH021500) as the Secretarial Auditors of the Company.19 for0 against
Appointment of Mr. Vijay Jain (DIN: 11129200) as Executive Director & Chief Financial Officer (“ED & CFO”) and approval of terms and conditions including remuneration payable to Mr. Vijay Jain as ED & CFO.MoreLess
Against Angel One Mutual Fund, Groww Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundGovernance & Transparency Concern: No absolute cap on the potential ESOP benefits.
- Groww Mutual Fund, Navi Mutual FundCompliant with law. Governance & Transparency Concern: No major concern on the proposed quantum of remuneration per-se; however, no absolute cap on the potential ESOP benefits.
16 for3 against
Mutual fund votes, meeting of 3 Jan 2025, 18 fund houses
- Regularisation of Mr. Rohitt Mutthoo (DIN: 10386059) as Non-Executive Non-Independent Nominee Director of the Company18 for0 against
Mutual fund votes, meeting of 9 Aug 2024, 16 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To receive, consider, approve and adopt: na)tthe Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2024, together with the Reports of the Board of Directors and the Auditors Report thereon; and nb)tthe Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2024, together with the Reports of the Auditors thereon.MoreLess
15 for0 against- To appoint a Director in place of Mr. Vinod Nambiar (DIN: 07290613), who retires by rotation, in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for re-appointment.16 for0 against
To appoint a Director in place of Mr. Norbert Fernandes (DIN: 06716549), who retires by rotation, in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
16 for0 against- Payment of remuneration to Mr. Sanjay Purohit (DIN: 00117676), Whole-Time Director & Group CEO for FY25 and FY26.
Against Axis Mutual Fund, Groww Mutual Fund, SBI Mutual Fund, Sundaram Mutual Fund
- Axis Mutual FundSanjay Purohit is the Group CEO and owned 1.02% of Sapphire Foods' equity on 30 June 2024. His remuneration for FY24 was Rs. 158.3 mn, including fair value of stock options apportioned. His proposed remuneration terms do not include a break-up of fixed and variable pay. The company has not disclosed the performance metrics that determine his variable pay. We estimate Sanjay Purohit's FY25 remuneration at Rs. 133.4 mn, including apportioned fair value of stock options previously granted to him. His remuneration is high for the size of business and not in line with peers. Given the absolute level of remuneration, we do not support the resolution.
- Groww Mutual FundCompliant with law. Governance Concern: An informed decision making on the remuneration proposal would require an upper cap on the potential benefits that can be passed to him during the proposed period especially when the performance of the Company is impacted
- SBI Mutual FundSanjay Purohit is the Group CEO and owned 1.02% of Sapphire Foods’ equity on 30 June 2024. His remuneration for FY24 was Rs. 158.3 mn, including fair value of stock options apportioned. We estimate Sanjay Purohit’s FY25 remuneration at Rs. 133.4 mn. His remuneration is high for the size of business, not comparable to industry peers and variable pay is less than 50% of total pay, which is low. Hence, we do not support the resolution.
- Sundaram Mutual FundSanjay Purohit is the Group CEO and owned 1.02% of Sapphire Foods’ equity on 30 June 2024. His remuneration for FY24 was Rs. 158.3 mn, including fair value of stock options apportioned. We estimate Sanjay Purohit’s FY25 remuneration at Rs. 133.4 mn, including apportioned fair value of stock options previously granted to him. 65% of the stock options granted to him have performance-based vesting conditions linked to EBITDA and shareholders’ value creation. However, this accounts for 43% of his total estimated pay of Rs. 133.4 mn for FY25. His remuneration is high for the size of business, not comparable to industry peers and variable pay is less than 50% of total pay, which is low. Hence, we do not support the resolution.
12 for4 against - Approval for payment of remuneration to Non-Executive / Independent Directors of the Company16 for0 against
- Payment of Remuneration to Mr. Sunil Chandiramani (DIN:00524035), Chairman and Independent Director of the Company16 for0 against
- Payment of Remuneration to Ms. Deepa Wadhwa (DIN: 07862942), Independent Director of the Company16 for0 against
- To Approve Sub-Division/Split of Face Value of Equity Shares of the Company and the consequent amendment to the Memorandum of Association of the Company.16 for0 against
1 proposal not matched to one resolution
- Accept Financial Statements and Statutory Reports1 for0 against
Mutual fund votes, meeting of 11 Aug 2023, 12 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To receive, consider, approve and adopt:na) the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2023, together with the Reports of the Board of Directors and the Auditors Report thereon; andnb) the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2023, together with the Reports of the Auditors thereon.MoreLess
11 for0 against- To appoint a Director in place of Mr. Vikram Agarwal (DIN: 03038370), who retires by rotation, in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for re-appointment.12 for0 against
- To appoint a Director in place of Mr. Kabir Thakur (DIN: 08422362), who retires by rotation, in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for re-appointment.12 for0 against
- Regularisation of Mr. Norbert Fernandes (DIN: 06716549) as Non-Executive Non-Independent Nominee Director of the Company12 for0 against
1 proposal not matched to one resolution
- Accept Financial Statements and Statutory Reports1 for0 against
Mutual fund votes, meeting of 2 Sep 2022, 8 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To receive, consider, approve and adopt:na)the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2022, together with the Reports of the Board of Directors and the Auditors Report thereon; andnb)the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2022, together with the Reports of the Auditors thereon.MoreLess
7 for0 against- To appoint a Director in place of Mr. Kabir Thakur (DIN: 08422362), who retires by rotation, in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for re-appointment.8 for0 against
- To appoint a Director in place of Mr. Vinod Nambiar (DIN: 07290613), who retires by rotation, in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for re-appointment.8 for0 against
To ratify Sapphire Food Employees Stock Option Scheme 2019 - Scheme III - Management other than CEO¿ ( Scheme III ) read with Sapphire Foods Employees Stock Option Plan 2017 ( ESOP Plan ) for Grant of Options to the Eligible Employees of Subsidiary Companies.MoreLess
Against Franklin Templeton Mutual Fund, HDFC Mutual Fund, Nippon India Mutual Fund
- Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted because: • The Scheme permits stock options to be issued with an exercise price at a deep discount to the market price, as on grant date. • The exact performance targets for vesting have not been disclosed.
- HDFC Mutual FundThere is lack of disclosure or clarity on the pricing formula or exercise price at which the ESOP will be granted
- Nippon India Mutual FundInadequate disclosure
4 for3 againstApproval of Grants under Sapphire Foods Employee Stock Option Scheme 2022 – Scheme III A – Management Other Than CEO’ – (“Scheme III A”) read with “Sapphire Foods Employee Stock Option Plan 2017” (“ESOP Plan”) to the Eligible Employees / Directors of the subsidiary company(ies) of Sapphire Foods India Limited.MoreLess
Against Franklin Templeton Mutual Fund, HDFC Mutual Fund, Nippon India Mutual Fund
- Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted because: • The Scheme permits stock options to be issued with an exercise price at a discount to the market price,as on grant date. • The exact performance targets for vesting have not been disclosed.
- HDFC Mutual FundThere is lack of disclosure or clarity on the pricing formula or exercise price at which the ESOP will be granted
- Nippon India Mutual FundStock options are granted at a significant discount
4 for3 against
4 proposals not matched to one resolution
- Accept Consolidated Financial Statements and Statutory Reports1 for0 against
- Accept Standalone Financial Statements and Statutory Reports1 for0 against
Extend Sapphire Foods Employee Stock Option Scheme 2019 – Scheme III A – Management other than CEO (Scheme III A) read with Sapphire Foods Employee Stock Option Plan 2017 (ESOP 2017) to employees of subsidiary companiesMoreLess
1 for0 againstExtend Sapphire Foods Employee Stock Option Scheme 2019 – Scheme III – Management other than CEO (‘Scheme III’) read with Sapphire Foods Employee Stock Option Plan 2017 (ESOP 2017) to employees of subsidiary companiesMoreLess
Against Mahindra Manulife Mutual Fund
- Mahindra Manulife Mutual FundWhile the company had received shareholder approval for ratification of pre-IPO Scheme III, in line with extant regulations, it seeks approval via a separate resolution to extend the scheme to subsidiary company employeesUnder the ESOP 2017 scheme, options exercisable up to 4.3 mn equity shares will be issued to the employees of the company, its subsidiaries, its associates and its group companies. Under the Scheme III, vesting will be time-based or performance-based – there is however, no disclosure on the number of options with performance-based vesting or the actual performance criteria for vesting. Further, in case of Scheme III, the exercise price has not been defined and has been left to the discretion of the NRC but not less than face value (Rs. 10). In the past, the company has granted stock options at deep discount to share price on the date of grant. We do not favour schemes where the exercise price is not defined or could be at a significant discount to market price, or where there is no clarity on the performance metrics for vesting. ESOPs are ‘pay at risk’ options that employees accept at the time of grant, which is protected if the ESOPs are issued at significant discount to the market price on the date of the grant.
0 for1 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 penaltyLabour Department / Judicial Magistrate First Class, Bengaluru)Since 11 Jul 2026
Labour Inspector of 4th Circle,Bangalore filed a complaint under applicable Labour laws. Prosecution was initiated against the Company by Judicial Magistrate First Class, Bengaluru.The case was closed by paying fine of Rs 9,000/-
Labour Department had filed complaint alleging non adherance to certain Sections under applicable Labour Laws. - Tax dispute1. Union of India 2. State of Gujarat 3. National Anti- Profiteering Authority (now Competition Commission of India) 4. Directorate General of Anti-Profiteering 5. M/s. Local Circles India Private LimitedSince 6 Jul 2020No change in the status of litigation
At the filing before: The National Anti-Profiteering Authority and the Director General of Anti-Profiteering (DGAP) have alleged that the Company engaged in profiteering amounting to Rs. 279.12 million. Disputing the procedure adopted by the DGAP, the Company has challenged the matter through litigation, which is currently pending before the Hon'ble Gujarat High Court.MoreLess
- Tax disputeGoods & Service Tax DepartmentSince 31 Jan 2025No change in the status of litigation
At the filing before: On 31st January 2025, the Company received demand orders across its GST registrations in 17 states, totaling Rs. 1,127.13 million, comprising tax and penalties (excluding interest), under the Central Goods and Services Tax Act, 2017; the Integrated Goods and Services Tax Act, 2017; and the applicable State GST Acts. The demand pertains to the period from July 2017 to March 2022. The authorities have raised issues involving output tax liability, reversal of input tax credit, and transitional credit, citing, among other grounds: (i) alleged taxable supplies in connection with incentives and promotional expenses incurred by the Company, and (ii) required reversal of input tax credit relating to the period prior to 14th November 2017.The Company has filed appeal against the impugned order with GST Appelant Department.MoreLess
- Tax disputeIncome Tax DepartmentSince 25 Jun 2025No change in the status of litigation
At the filing before: The Company has received an unfavourable order from CIT(A) for FY 16 and FY 18 to FY 23 (i.e. 7 years) amounting to INR 170.41 mn. The IT Department had considered company as assessee in default for not deducting TDS on year end provisions for expenses which company already disallowed as per section 40(a)(ia) in their respective year's computation of Income. The Department has issued a demand for TDS default amounting of INR 181.79 Mn for 8 years from FY 16 to FY 23. While issuing the order, the IT Department did not consider subsequent deduction of TDS while making payment to vendors. The Company had filed an appeal against the impugned order with Tribunal (ITAT). The ITAT, Mumbai, vide its order dated 7th November 2025, held that the Company cannot be treated as an "assessee in default" under Section 201(1) of the Income-tax Act, 1961, where the underlying tax has been subsequently deducted and deposited. The ITAT further held that interest under Section 201(1A) of the Income-tax Act, 1961 shall be restricted upto the date of actual payment of such taxes. Pursuant to the aforesaid order, the Assistant Commissioner of Income-Tax (TDS) had passed an order giving effect to the ITAT ruling and has raised a demand towards interest under Section 201(1A) of the IncomeTax Act, 1961 amounting to INR 2.51 million, as against the original demand of INR 170.41 million. Income-Tax (TDS) Department has filed an appeal u/s 260A of Income Tax Act, 1961 before the Hon'ble Bombay High Court challenging the order passed by the Income Tax Appellate Tribunal (ITAT) in favour of the Company. The appeal pertains to AY 2016-17, AY 2018-19 to 2023-24.MoreLess
- Tax disputeGoods & Service Tax DepartmentSince 30 Jun 2025No change in the status of litigationAt the filing before: Authorities have disallowed ITC utilization of eligible input tax credit post 14th November 2017 total amounting to INR 89.38 million pertaining to multiple States.
- Tax disputeGoods & Service Tax DepartmentSince 31 Dec 2025No change in the status of litigation
At the filing before: The Company had received demand order amounting to INR 203.25 million from the GST Department (Haryana) claiming that company had availed excess Input tax credit ('ITC') and had incorrectly utilized ITC against GST liability on outward supply.MoreLess
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
- 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.