Sarda Energy & Minerals logo

Sarda Energy & Minerals MD, chairman, board of directors and AGM

NSE: SARDAENBSE: 504614Ferrous MetalsSmall Cap

Last close ₹443.95down ₹12.30 (2.70%)BSE ₹443.50

Share price at the NSE close on 23 Oct 2026. Previous close ₹456.25.

52-week range of traded prices to 23 Oct 2026
₹436.20Low, 23 Oct 2026₹624.00High, 28 Apr 2026
Market cap
₹15,644 Cr360th largest listed
P/E
13.8
P/B
2.1
Dividend yield
0.45%
ROE
16.5%
ROCE
14.6%
Debt to equity
0.35
Volume, NSE
5,28,74943.6% delivered

Sarda Energy & Minerals 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

  • ChairpersonKamal Kishore Sarda
  • Managing directorPankaj Sarda
  • Company SecretaryManish Sethi

9 directors5 independent3 executive1 non-executive

  • Kamal Kishore Sarda · ChairpersonExecutive · joined Dec 1978 · 1 listed board
  • Pankaj Sarda · Managing directorExecutive · joined Oct 2007 · 1 listed board · 4 committee seats
  • Padam Kumar JainExecutive · joined Jun 2016 · 1 listed board · 1 committee seat
  • Tripti SinhaIndependent · joined Oct 2020 · reappointed Oct 2025 · 69 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Amal Kumar DebnathIndependent · joined Aug 2023 · reappointed Aug 2023 · 35 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Binoy Sandip ParikhIndependent · joined Aug 2023 · reappointed Aug 2023 · 35 months as independent · 2 listed boards · 2 as independent · 5 committee seats, 3 as chair
  • Rajeev SharmaIndependent · joined Feb 2024 · reappointed Feb 2024 · 29 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • Upendra Prasad SinghIndependent · joined Mar 2024 · reappointed Mar 2024 · 28 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • Anant SardaNon-executive · joined Apr 2025 · reappointed Apr 2025 · 15 months as independent · 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.

Committees and meetings

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

  • Board

    • 23 May 20269 of 9 present5 independent · 49 days in between
    • 3 Apr 20269 of 9 present5 independent · 54 days in between
    • 7 Feb 20269 of 9 present5 independent

  • Audit Committee

    Chair Binoy Sandip Parikh

    Pankaj Sarda, Rajeev Sharma, Tripti Sinha

    • 23 May 20264 of 4 present3 independent · 104 days in between
    • 7 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Rajeev Sharma

    Amal Kumar Debnath, Kamal Kishore Sarda, Upendra Prasad Singh

    • 21 May 20263 of 4 present3 independent · 47 days in between
    • 3 Apr 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Amal Kumar Debnath

    Binoy Sandip Parikh, Padam Kumar Jain, Pankaj Sarda

    • 21 May 20263 of 4 present2 independent

  • Risk Management Committee

    Chair Tripti Sinha

    Amal Kumar Debnath, Padam Kumar Jain, Pankaj Sarda, Manoj Kumar Shah

    • 21 May 20263 of 4 present2 independent

  • Corporate Social Responsibility Committee

    Chair Upendra Prasad Singh

    Kamal Kishore Sarda, Tripti Sinha

    • 21 May 20263 of 3 present2 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 Jun 2026.

  • Singhi & co.Peer-review certificate valid to Aug 2028

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

Sarda Energy & Minerals 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.Sarda Energy & Minerals dividend history

Annual general meeting, 24 Sep 2026

95,441 shareholders on the register on 17 Sep 2026; present: 6 promoters and 40 others; votes counted by Kamlesh Ojha / S G Kankani & Associates.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2026 and the Reports of the Board of Directors and the Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.17% · promoters 93.80% · institutions 88.54% · other public 6.07%

  2. Adoption of the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2026 and the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.17% · promoters 93.80% · institutions 88.54% · other public 6.07%

  3. Declaration of Dividend @ Rs. 2.00 per equity share (200%) on equity share of F.V. of Rs. 1/- for the F.Y. 2025-26.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.20% · promoters 93.80% · institutions 89.02% · other public 6.07%

  4. Re-appointment of Mr. Anant Sarda (DIN: 07908187) as Director, who retires by rotation at the AGM and being eligible, had offered himself for re-appointment.
    OrdinaryPromoters have an interest in it
    96.97% for3.03% against

    Against: promoters 0.00% · institutions 32.50% · other public 0.09%

    Turnout: all 68.42% · promoters 83.44% · institutions 89.01% · other public 5.08%

  5. Ratification of remuneration payable to the Cost Auditors for the F.Y. 2026-27.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.20% · promoters 93.80% · institutions 89.01% · other public 6.07%

  6. Authorization to create, offer, invite for subscription, issue and allot, from time to time, in one or more tranches and/or series, whether secured or unsecured, cumulative or non-cumulative, listed or unlisted, redeemable non-convertible debentures and/or other debt securities, aggregating to an amount not exceeding Rs. 1000 Crore.MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 76.20% · promoters 93.80% · institutions 89.01% · other public 6.07%

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, 25 Sep 2025, 10 resolutions

97,107 shareholders on the register on 18 Sep 2025; present: 7 promoters and 44 others; votes counted by Kamlesh Ojha / S.G.Kankani & Associates.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2025 and the Reports of the Board of Directors and the Auditors thereon.
    Ordinary
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 2.28% · other public 0.03%

    Turnout: all 75.78% · promoters 93.78% · institutions 84.36% · other public 5.26%

  2. Adoption of the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2025 and the Report of the Auditors thereon.
    Ordinary
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 2.28% · other public 0.03%

    Turnout: all 75.77% · promoters 93.78% · institutions 84.36% · other public 5.26%

  3. Declaration of Dividend @ ₹ 1.50 per equity share (150%) on equity share of F.V. of ₹ 1/- for the F.Y. 2024-25.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.81% · promoters 93.78% · institutions 84.83% · other public 5.26%

  4. Re-appointment of Mr. Padam Kumar Jain (DIN: 00008379) as Director, who retires by rotation at the AGM and being eligible, had offered himself for re-appointment
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.61% · other public 0.11%

    Turnout: all 75.81% · promoters 93.78% · institutions 84.78% · other public 5.26%

  5. Appointment of Secretarial Auditors
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.81% · promoters 93.78% · institutions 84.83% · other public 5.26%

  6. Ratification of remuneration payable to the Cost Auditors for the F.Y. 2025-26
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.81% · promoters 93.78% · institutions 84.78% · other public 5.26%

  7. Re-appointment of Mr. Padam Kumar Jain as Wholetime Director for five years w.e.f. 1st June, 2026
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.15% · other public 0.10%

    Turnout: all 75.81% · promoters 93.78% · institutions 84.78% · other public 5.26%

  8. Re-appointment of Ms. Tripti Sinha as Independent Director for five years w.e.f. 20th October, 2025
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.19% · other public 0.11%

    Turnout: all 75.81% · promoters 93.78% · institutions 84.78% · other public 5.26%

  9. Alteration of Articles of Association
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.42% · other public 0.17%

    Turnout: all 75.81% · promoters 93.78% · institutions 84.78% · other public 5.26%

  10. Authorization to create, offer, invite for subscription, issue and allot, from time to time, in one or more tranches and/or series, whether secured or unsecured, cumulative or non-cumulative, listed or unlisted, redeemable non-convertible debentures and/or other debt securities, aggregating to an amount not exceeding Rs. 1000 Crore.MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 75.81% · promoters 93.78% · institutions 84.78% · other public 5.26%

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.

Postal ballot, 22 Mar 2025, 3 resolutions

77,760 shareholders on the register on 14 Feb 2025; votes counted by Kamlesh Ojha / S.G. Kankani & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Kamal Kishore Sarda as an Executive Chairman for a period of five years.
    SpecialPromoters have an interest in it
    99.44% for0.56% against

    Against: promoters 0.00% · institutions 5.97% · other public 0.12%

    Turnout: all 60.02% · promoters 72.95% · institutions 77.19% · other public 5.55%

  2. Appointment of Mr. Pankaj Sarda as Managing Director for a period of five years
    OrdinaryPromoters have an interest in it
    98.71% for1.29% against

    Against: promoters 0.00% · institutions 13.89% · other public 0.12%

    Turnout: all 60.02% · promoters 72.95% · institutions 77.19% · other public 5.55%

  3. Appointment of Mr. Anant Sarda as Non-Executive Non-Independent Director
    OrdinaryPromoters have an interest in it
    98.50% for1.50% against

    Against: promoters 0.00% · institutions 16.16% · other public 0.12%

    Turnout: all 60.02% · promoters 72.95% · institutions 77.19% · other public 5.55%

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

Annual general meeting, 26 Sep 2024, 9 resolutions

Present: 6 promoters and 51 others.The company's voting result (opens in a new tab)

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

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

    Turnout: all 64.89% · promoters 77.24% · institutions 90.54% · other public 12.53%

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

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

    Turnout: all 64.89% · promoters 77.24% · institutions 90.54% · other public 12.53%

  3. Declaration of Dividend @ ¿ 1.00 per equity share (100%) on equity share of F.V. of ¿ 1/- for the F.Y. 2023-24.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 64.90% · promoters 77.24% · institutions 90.81% · other public 12.53%

  4. Re-appointment of Mr. Pankaj Sarda (DIN: 00008190) as Director, who retires by rotation at the AGM and being eligible, had offered himself for re-appointment
    OrdinaryPromoters have an interest in it
    97.22% for2.78% against

    Against: promoters 0.00% · institutions 24.67% · other public 0.00%

    Turnout: all 51.81% · promoters 59.33% · institutions 90.81% · other public 12.53%

  5. Appointment of Statutory Auditors
    Ordinary
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 1.23% · other public 0.01%

    Turnout: all 64.90% · promoters 77.24% · institutions 90.81% · other public 12.53%

  6. Ratification of remuneration payable to the Cost Auditors for the F.Y. 2024-25
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 64.90% · promoters 77.24% · institutions 90.81% · other public 12.53%

  7. Re-appointment of Mr. Kamal Kishore Sarda as Chairman & Managing Director for five years w.e.f. 1st April, 2025
    SpecialPromoters have an interest in it
    99.72% for0.28% against

    Against: promoters 0.00% · institutions 2.48% · other public 0.01%

    Turnout: all 51.81% · promoters 59.33% · institutions 90.81% · other public 12.53%

  8. Authorization to create, offer, invite for subscription, issue and allot, from time to time, in one or more tranches and/or series, whether secured or unsecured, cumulative or non-cumulative, listed or unlisted, redeemable non-convertible debentures and/or other debt securities, aggregating to an amount not exceeding Rs. 1000 Crore.MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 64.90% · promoters 77.24% · institutions 90.81% · other public 12.53%

  9. Further Issue of Securities.
    Special
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.98% · other public 0.01%

    Turnout: all 64.90% · promoters 77.24% · institutions 90.81% · other public 12.53%

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 Apr 2024, 2 resolutions

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

  1. Appointment of Mr. Rajeev Sharma (DIN: 00973413) as an Independent Director for five years w.e.f. 3rd February 2024.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.82%

    Turnout: all 66.85% · promoters 84.11% · institutions 86.99% · other public 1.01%

  2. Appointment of Mr. Upendra Prasad Singh (DIN: 00354985) as an Independent Director for five years w.e.f. 20th March 2024.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.81%

    Turnout: all 66.60% · promoters 84.11% · institutions 83.03% · other public 1.00%

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, 28 Sep 2023, 9 resolutions

Present: 4 promoters and 35 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2023 and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 63.83% · promoters 77.93% · institutions 86.84% · other public 4.90%

  2. Declaration of Dividend @ ₹ 1.50 per equity share (150%) on equity share of F.V. of ₹ 1/- for the F.Y. 2022-23.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 64.00% · promoters 77.93% · institutions 89.30% · other public 4.90%

  3. Re-appointment of Mr. Padam Kumar Jain (DIN: 00008379) as Director, who retires by rotation at the AGM and being eligible, had offered himself for re-appointment
    Ordinary
    97.19% for2.81% against

    Against: promoters 0.00% · institutions 28.06% · other public 0.13%

    Turnout: all 63.97% · promoters 77.93% · institutions 89.30% · other public 4.74%

  4. Ratification of remuneration payable to the Cost Auditors for the F.Y. 2023-24
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 64.00% · promoters 77.93% · institutions 89.30% · other public 4.90%

  5. Approval to re-classification of promoters
    OrdinaryPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.34% · other public 0.13%

    Turnout: all 62.45% · promoters 75.79% · institutions 89.30% · other public 4.90%

  6. Appointment of Mr. Amal Kumar Debnath as Independent Director for five years w.e.f 1st August, 2023
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.15% · other public 0.13%

    Turnout: all 64.00% · promoters 77.93% · institutions 89.30% · other public 4.90%

  7. Appointment of Mr. Binoy Sandip Parikh as Independent Director for five years w.e.f 1st August, 2023
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.15% · other public 0.13%

    Turnout: all 64.00% · promoters 77.93% · institutions 89.30% · other public 4.90%

  8. Authorization to create, offer, invite for subscription, issue and allot, from time to time, in one or more tranches and/or series, whether secured or unsecured, cumulative or non-cumulative, listed or unlisted, redeemable non-convertible debentures and/or other debt securities, aggregating to an amount not exceeding Rs. 1000 Crore.MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 64.00% · promoters 77.93% · institutions 89.30% · other public 4.90%

  9. Further issue of securities.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.09% · other public 0.13%

    Turnout: all 64.00% · promoters 77.93% · institutions 89.30% · other public 4.90%

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, 13 Jul 2023, 3 resolutions

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

  1. Sub-division of fully paid up one Equity Share of Rs. 10/- each into 10 equity shares of Rs. 1/- each.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 56.99% · promoters 66.16% · institutions 88.19% · other public 16.07%

  2. Alteration in Clause V - Authorised Share Capital Clause - of Memorandum of Association.
    Special
    100.00% for0.00% against

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

    Turnout: all 56.99% · promoters 66.16% · institutions 88.19% · other public 16.07%

  3. Approval for Payment of Remuneration to Mr. Anant Sarda.
    OrdinaryPromoters have an interest in it
    96.89% for3.11% against

    Against: promoters 0.00% · institutions 31.64% · other public 0.45%

    Turnout: all 56.99% · promoters 66.16% · institutions 88.19% · other public 16.05%

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, 29 Sep 2022, 5 resolutions

Present: 6 promoters and 34 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Standalone and Consolidated Financial Statements ofnthe Company for the Financial Year ended 31st March, 2022 and the Reports ofnthe Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 70.49% · promoters 88.33% · institutions 83.27% · other public 10.29%

  2. Re-appointment of Mr. Pankaj Sarda, who retires by rotation at the AGM and being eligible, had offered himself for re-appointment
    OrdinaryPromoters have an interest in it
    97.85% for2.15% against

    Against: promoters 0.00% · institutions 31.38% · other public 0.40%

    Turnout: all 61.56% · promoters 75.79% · institutions 87.07% · other public 10.29%

  3. Ratification of remuneration payable to the Cost Auditors for the F.Y. 2022-23
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.67% · promoters 88.33% · institutions 87.07% · other public 10.26%

  4. Re-appointment of Mr. Pankaj Sarda as Whole time Director (Jt. Managing Director) for five years w.e.f. 1st November 2022
    OrdinaryPromoters have an interest in it
    97.97% for2.03% against

    Against: promoters 0.00% · institutions 29.71% · other public 0.33%

    Turnout: all 61.56% · promoters 75.79% · institutions 87.07% · other public 10.29%

  5. Authorization to create, offer, invite for subscription, issue and allot, from time to time, in one or more tranches and/or series, whether secured or unsecured, cumulative or non-cumulative, listed or unlisted, redeemable non-convertible debentures and/or other debt securities, aggregating to an amount not exceeding Rs. 500 Crore.MoreLess
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 70.67% · promoters 88.33% · institutions 87.07% · other public 10.27%

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

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 24 Sep 2026, 8 fund houses so far (houses' deadline to file 15 Oct 2026)

  • Adoption of the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2026 and the Reports of the Board of Directors and the Auditors thereon.
    8 for0 against
  • Adoption of the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2026 and the Report of the Auditors thereon.
    8 for0 against
  • Declaration of Dividend @ Rs. 2.00 per equity share (200%) on equity share of F.V. of Rs. 1/- for the F.Y. 2025-26.
    8 for0 against
  • Re-appointment of Mr. Anant Sarda (DIN: 07908187) as Director, who retires by rotation at the AGM and being eligible, had offered himself for re-appointment.
    Against DSP Mutual Fund, Jio BlackRock Mutual Fund
    • DSP Mutual Fund, Jio BlackRock Mutual FundAnant Sarda, 30, is part of the promoter group and son of Kamal Kishore Sarda, the Executive Chairperson. As per public sources, he is Managing Director of Chhatisgarh Investments Limited, the family office of Sarda Energy and Minerals Ltd. He has around eight years of experience in budgeting and costing related matters, treasury operations, investments and related activities, review of plant operations and implementation of efficiency improvement projects and investor relations management. He retires by rotation. He was appointed to the board on 1 April 2025. He has attended only three out of five board meetings (60%) held in FY26. We expect directors to attend at least 75% of meetings held in their year of reappointment. While his reappointment is in line with statutory requirements, we are unable to determine if his aggregate work experience relevant to the business of the company is over 10 years, and his reappointment does not align with our voting guidelines. We do not support the resolution.
    6 for2 against
  • Ratification of remuneration payable to the Cost Auditors for the F.Y. 2026-27.
    8 for0 against
  • Authorization to create, offer, invite for subscription, issue and allot, from time to time, in one or more tranches and/or series, whether secured or unsecured, cumulative or non-cumulative, listed or unlisted, redeemable non-convertible debentures and/or other debt securities, aggregating to an amount not exceeding Rs. 1000 Crore.MoreLess
    8 for0 against

Mutual fund votes, meeting of 25 Sep 2025, 16 fund houses

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

  • Adoption of the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2025 and the Reports of the Board of Directors and the Auditors thereon.
    16 for0 against
  • Adoption of the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2025 and the Report of the Auditors thereon.
    16 for0 against
  • Declaration of Dividend @ ₹ 1.50 per equity share (150%) on equity share of F.V. of ₹ 1/- for the F.Y. 2024-25.
    16 for0 against
  • Re-appointment of Mr. Padam Kumar Jain (DIN: 00008379) as Director, who retires by rotation at the AGM and being eligible, had offered himself for re-appointment
    16 for0 against
  • Appointment of Secretarial Auditors
    16 for0 against
  • Ratification of remuneration payable to the Cost Auditors for the F.Y. 2025-26
    16 for0 against
  • Re-appointment of Mr. Padam Kumar Jain as Wholetime Director for five years w.e.f. 1st June, 2026
    16 for0 against
  • Re-appointment of Ms. Tripti Sinha as Independent Director for five years w.e.f. 20th October, 2025
    16 for0 against
  • Alteration of Articles of Association
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundOpen-ended rights; potential governance/compliance issues.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with Law. Governance & Transparency Concern: Enabling rights to allow Nominee Director / Board Observer positions are not limited in its scope; due to the open-ended drafting of the articles there lies a scope for any compliance or governance concerns such as no clarity whether nominees of financing entities, other than legally exempted directors, will be subject to shareholders’ approval or not; whether provisions of Section 152 of Companies Act, 2013 and/or Regulation 17(1D) of SEBI LODR Regulations will be complied with in situations, where applicable. Further, blanket rights to allow committee positions. No other concerns identified.
    • Kotak Mahindra Mutual FundThe Company is seeking shareholders approval for amendment of its Articles of Association (AOA). The proposed amendment allows lenders to appoint 1 Nominee Director or 1 Board Observer upon the occurrence and during the continuance of default. Lenders would include any bank, financial institution or such other financing entities granting financial assistance to the Company. Due to the open-ended drafting of the articles there lies a scope for any compliance or governance concerns such as no clarity whether nominees of financing entities, other than legally exempted directors, will be subject to shareholders approval or not; whether provisions of Section 152 of Companies Act, 2013 and/or Regulation 17(1D) of SEBI LODR Regulations will be complied with in situations, where applicable. Hence, we do not support the resolutions.
    9 for7 against
  • Authorization to create, offer, invite for subscription, issue and allot, from time to time, in one or more tranches and/or series, whether secured or unsecured, cumulative or non-cumulative, listed or unlisted, redeemable non-convertible debentures and/or other debt securities, aggregating to an amount not exceeding Rs. 1000 Crore.MoreLess
    14 for0 against
1 proposal not matched to one resolution
  • Approve private placement of non-convertible debentures of up to Rs. 10.0 bn
    2 for0 against
4 earlier meetings

Mutual fund votes, meeting of 22 Mar 2025, 6 fund houses

  • Appointment of Mr. Kamal Kishore Sarda as an Executive Chairman for a period of five years.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: No absolute cap on variable Pay, Remuneration skewed in favour of promoter directors, Holding Executive chairman position.
    3 for3 against
  • Appointment of Mr. Pankaj Sarda as Managing Director for a period of five years
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: No absolute cap on variable Pay, Remuneration skewed in favour of promoter directors.
    3 for3 against
  • Appointment of Mr. Anant Sarda as Non-Executive Non-Independent Director
    Against Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Mirae Asset Mutual FundAs per advisory recommendation (passive holding)
    • Motilal Oswal Mutual FundAppointment compliant with law. No governance concern identified.
    4 for2 against

Mutual fund votes, meeting of 26 Sep 2024, 5 fund houses

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

  • Adoption of the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2024 and the Reports of the Board of Directors and the Auditors thereon.
    5 for0 against
  • Adoption of the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2024 and the Auditors thereon.
    5 for0 against
  • Declaration of Dividend @ ¿ 1.00 per equity share (100%) on equity share of F.V. of ¿ 1/- for the F.Y. 2023-24.
    5 for0 against
  • Re-appointment of Mr. Pankaj Sarda (DIN: 00008190) as Director, who retires by rotation at the AGM and being eligible, had offered himself for re-appointment
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual FundCompliant with law. Governance Concern: Remuneration skewed in favour of promoter directors.
    • Motilal Oswal Mutual FundSkewed Remuneration practice
    2 for3 against
  • Appointment of Statutory Auditors
    5 for0 against
  • Ratification of remuneration payable to the Cost Auditors for the F.Y. 2024-25
    5 for0 against
  • Re-appointment of Mr. Kamal Kishore Sarda as Chairman & Managing Director for five years w.e.f. 1st April, 2025
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual FundCompliant with law. Governance Concern: Remuneration skewed in favour of promoter director; No absolute cap on variable Pay, Holding CMD position.
    • Motilal Oswal Mutual FundSkewed Remuneration Practice; No absolute cap on variable pay; Holding CMD position.
    2 for3 against
  • Authorization to create, offer, invite for subscription, issue and allot, from time to time, in one or more tranches and/or series, whether secured or unsecured, cumulative or non-cumulative, listed or unlisted, redeemable non-convertible debentures and/or other debt securities, aggregating to an amount not exceeding Rs. 1000 Crore.MoreLess
    5 for0 against
1 proposal not matched to one resolution
  • To create, offer, issue and allot (including with provisions for reservations on firm and/ or competitive basis, for such part of issue and for such categories of persons as may be permitted by applicable law) with or without green shoe option, such number of Equity Shares and/ or other securities convertible into Equity Shares (including warrants, or otherwise), fully convertible debentures, partly convertible debentures, nonconvertible debentures with or without warrants and/or convertible preference shares or any security convertible into Equity Shares (hereinafter referred to as Securities), or any combination thereof, in accordance with applicable law, in one or more tranches, whether Rupee denominated or denominated in foreign currency, in the course of domestic and / or international offering(s) in one or more foreign markets, in terms of the applicable regulations and as permitted under the applicable laws, in such manner in consultation with the lead managers / book running lead manager(s) and/ or other advisor(s) or otherwise, for an aggregate amount not exceeding Rs.1,000 crore.MoreLess
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual FundCompliant with law. Governance Concern: Significant dilution. No clarity regarding reasons for not opting for Rights Issue.
    • Motilal Oswal Mutual FundExcessive dilution, no clarity regarding not opting for Rights Issue
    2 for3 against

Mutual fund votes, meeting of 26 Apr 2024, 2 fund houses

  • Appointment of Mr. Rajeev Sharma (DIN: 00973413) as an Independent Director for five years w.e.f. 3rd February 2024.
    2 for0 against
  • Appointment of Mr. Upendra Prasad Singh (DIN: 00354985) as an Independent Director for five years w.e.f. 20th March 2024.
    2 for0 against

Mutual fund votes, meeting of 28 Sep 2023, 2 fund houses

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

  • Adoption of the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2023 and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    2 for0 against
  • Declaration of Dividend @ ₹ 1.50 per equity share (150%) on equity share of F.V. of ₹ 1/- for the F.Y. 2022-23.
    2 for0 against
  • Re-appointment of Mr. Padam Kumar Jain (DIN: 00008379) as Director, who retires by rotation at the AGM and being eligible, had offered himself for re-appointment
    2 for0 against
  • Ratification of remuneration payable to the Cost Auditors for the F.Y. 2023-24
    2 for0 against
  • Appointment of Mr. Amal Kumar Debnath as Independent Director for five years w.e.f 1st August, 2023
    2 for0 against
  • Appointment of Mr. Binoy Sandip Parikh as Independent Director for five years w.e.f 1st August, 2023
    2 for0 against
  • Authorization to create, offer, invite for subscription, issue and allot, from time to time, in one or more tranches and/or series, whether secured or unsecured, cumulative or non-cumulative, listed or unlisted, redeemable non-convertible debentures and/or other debt securities, aggregating to an amount not exceeding Rs. 1000 Crore.MoreLess
    2 for0 against
2 proposals not matched to one resolution
  • To create, offer, issue and allot (including with provisions for reservations on firm and/ or competitive basis, for such part of issue and for such categories of persons as may be permitted by applicable law) with or without green shoe option, such number of Equity Shares and/or other securities convertible into Equity Shares (including warrants, or otherwise), fully convertible debentures, partly convertible debentures, non-convertible debentures with or without warrants and/or convertible preference shares or any security convertible into Equity Shares (hereinafter referred to as Securities), or any combination thereof, in accordance with applicable law, in one or more tranches, whether Rupee denominated or denominated in foreign currency, in the course of domestic and / or international offering(s) in one or more foreign markets, in terms of the applicable regulations and as permitted under the applicable laws, in such manner in consultation with the lead managers / book running lead manager(s) and/or other advisor(s) or otherwise, for an aggregate amount not exceeding Rs.1,000 crore.MoreLess
    2 for0 against
  • To reclassify the persons/entities (hereinafter individually & jointly referred to as the Applicants) and currently forming part of the Promoter and Promoter Group holding 24,746 Equity Shares (post proposed split 2,47,460 shares of Rs.1/- each) aggregating to 0.07% of the paid up capital of the Company, from Promoter & Promoter Group shareholding of the Company to the Public shareholding of the Company.MoreLess
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNon-Compliant with SEBI LODR Regulations: Person related to promoter seeking re-classification is a Board member and is a KMP.
    1 for1 against

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

Fines

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyCG Environment Conservation BoardSince 27 Apr 2026

    Environment compensation imposed

    Flyash dumping at wrong place by transporters
  • Fine or penaltyCG Environment Conservation BoardSince 12 Jun 2026

    Environment compensation imposed

    Emissions beyond permissible limits
  • Fine or penaltyRegional Transport OfficeSince 24 Jun 2026

    Penalty imposed

    Traffic Rules Violation

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

Investor complaints and compliance

Quarter by quarter.

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

  • Received
  • Resolved

Open at the quarter's end

At most 3 complaints open, quarter to Jun 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
Yes
The filing has a part on fines and penalties
Yes
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.