Sheela Foam logo

Sheela Foam MD, chairman, board of directors and AGM

NSE: SFLBSE: 540203Consumer DurablesSmall Cap

Last close ₹566.15down ₹18.15 (3.11%)BSE ₹567.10

Share price at the NSE close on 23 Oct 2026. Previous close ₹584.30.

52-week range of traded prices to 23 Oct 2026
₹456.80Low, 30 Mar 2026₹832.45High, 4 Aug 2026
Market cap
₹6,183 Cr711th largest listed
P/E
28.8
P/B
1.9
Dividend yield
0.18%
ROE
6.8%
ROCE
6.3%
Debt to equity
0.28
Volume, NSE
1,63,98962.1% delivered

Sheela Foam board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorRAHUL GAUTAM
  • Managing directorTUSHAAR GAUTAM
  • Company Secretary and Compliance OfficerMd. Iquebal Ahmad

9 directors5 independent4 executive

  • RAHUL GAUTAM · Chairperson and managing directorExecutive · joined Apr 1996 · reappointed Nov 2023 · 1 listed board
  • NAMITA GAUTAMExecutive · joined Nov 2003 · reappointed Apr 2022 · 1 listed board
  • RAKESH CHAHARExecutive · joined Nov 2003 · reappointed Apr 2022 · 1 listed board · 1 committee seat
  • TUSHAAR GAUTAM · Managing directorExecutive · joined Apr 2007 · reappointed Nov 2023 · 1 listed board · 1 committee seat
  • MEENA JAGTIANIIndependent · joined Apr 2019 · reappointed Apr 2022 · 50 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • Neeraj JainIndependent · joined May 2026 · reappointed May 2026 · 1 month as independent · 4 listed boards · 4 as independent · 5 committee seats, 3 as chair
  • Hiroo MirchandaniIndependent · joined Jun 2026 · reappointed Jun 2026 · 0 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • Rajiv SrivastavaIndependent · joined Jun 2026 · reappointed Jun 2026 · 0 months as independent · 1 listed board · 1 as independent
  • Sudhir Ganpathy ShenoyIndependent · joined Jun 2026 · reappointed Jun 2026 · 0 months as independent · 1 listed board · 1 as independent · 1 committee seat

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.

4 directors who left
  • SOM MITTAL, left 6 Jun 2026: Tenure Completion
  • RAVINDRA DHARIWAL, left 6 Jun 2026: Tenure Completion
  • ANIL TANDON, left 6 Jun 2026: Tenure Completion
  • VIJAY KUMAR AHLUWALIA, left 4 Mar 2026: Tenure Completion

Committees and meetings

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

  • Board

    • 14 May 20269 of 9 present5 independent · 72 days in between
    • 2 Mar 20269 of 9 present5 independent · 26 days in between
    • 3 Feb 20269 of 9 present5 independent

  • Audit Committee

    Chair Neeraj Jain

    TUSHAAR GAUTAM, Hiroo Mirchandani, Sudhir Ganpathy Shenoy

    • 14 May 20264 of 4 present3 independent · 35 days in between
    • 8 Apr 20263 of 3 present2 independent · 63 days in between
    • 3 Feb 20262 of 3 present2 independent

  • Nomination and remuneration committee

    Chair MEENA JAGTIANI

    Rajiv Srivastava, Hiroo Mirchandani

    • 15 Apr 20263 of 3 present3 independent · 43 days in between
    • 2 Mar 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Hiroo Mirchandani

    MEENA JAGTIANI, RAKESH CHAHAR, Neeraj Jain

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Rajiv Srivastava

    RAKESH CHAHAR, TUSHAAR GAUTAM, Neeraj Jain

    • 13 May 20263 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair Sudhir Ganpathy Shenoy

    MEENA JAGTIANI, NAMITA GAUTAM

    • 14 May 20263 of 3 present2 independent · 28 days in between

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 K A and Associates LLPPeer-review certificate valid to Mar 2027
1 earlier auditor
  • M S K A and AssociatesNamed 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.

Sheela Foam 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.Sheela Foam dividend history

Postal ballot, 19 Sep 2026

71,445 shareholders on the register on 14 Aug 2026; votes counted by AMITABH / AVA Associates.The company's voting result (opens in a new tab)

  1. Approval for Appointment of Ms. Avantika Singh Gautam (DIN: 08368772) as Non-Executive Non-Independent Director
    OrdinaryPromoters have an interest in it
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.23% · other public 3.60%

    Turnout: all 86.38% · promoters 100.00% · institutions 94.92% · other public 0.50%

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, 16 Jul 2026, 13 resolutions

69,311 shareholders on the register on 9 Jul 2026; present: 5 promoters and 260 others; votes counted by Amitabh / AVA Associates.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Standalone Financial Statements and Consolidated Financial Statements for the year ended 31st March 2026 together with the reports of the Board of Directors and Auditors.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 86.79% · promoters 100.00% · institutions 84.70% · other public 0.13%

  2. Consider and declare a final dividend of Re. 1 (20%) per equity share of face value of Rs. 5/- each for the financial year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 86.79% · promoters 100.00% · institutions 84.70% · other public 0.13%

  3. Appoint a Director in place of Ms. Namita Gautam, (DIN 00190463), who retires by rotation and, being eligible, offers herself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.09% · other public 13.91%

    Turnout: all 86.79% · promoters 100.00% · institutions 84.70% · other public 0.13%

  4. Reappointment of M S K A & Associates LLP (formerly known as M S K A & Associates), Chartered Accountants, as Statutory Auditors for the second term of 5 (five) consecutive years
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.63%

    Turnout: all 86.79% · promoters 100.00% · institutions 84.70% · other public 0.13%

  5. Appointment of Mr. Neeraj Jain (DIN: 00348591) as a Non-Executive Independent Director of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.07% · other public 0.17%

    Turnout: all 86.79% · promoters 100.00% · institutions 84.70% · other public 0.13%

  6. Appointment of Ms. Hiroo Mirchandani (DIN: 06992518) as a Non- Executive Independent Director of the Company
    Special
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.80% · other public 6.89%

    Turnout: all 86.79% · promoters 100.00% · institutions 84.70% · other public 0.13%

  7. Appointment of Mr. Rajiv Srivastava (DIN: 03568897) as a Non- Executive Independent Director of the Company
    Special
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.80% · other public 2.61%

    Turnout: all 86.79% · promoters 100.00% · institutions 84.70% · other public 0.13%

  8. Appointment of Mr. Sudhir Ganpathy Shenoy (DIN: 05289639) as a Non-Executive Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.64%

    Turnout: all 86.79% · promoters 100.00% · institutions 84.70% · other public 0.13%

  9. Reappointment of Mr. Rahul Gautam (DIN: 00192999) as the Chairman and Managing Director of the Company
    SpecialPromoters have an interest in it
    99.54% for0.46% against

    Against: promoters 0.00% · institutions 1.85% · other public 6.90%

    Turnout: all 86.79% · promoters 100.00% · institutions 84.70% · other public 0.13%

  10. Reappointment of Ms. Namita Gautam (DIN: 00190463) as a Whole-Time Director of the Company
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.06% · other public 14.19%

    Turnout: all 86.79% · promoters 100.00% · institutions 84.70% · other public 0.13%

  11. Reappointment of Mr. Tushaar Gautam (DIN: 01646487) as Vice Chairman and Joint Managing Director of the Company
    SpecialPromoters have an interest in it
    92.63% for7.37% against

    Against: promoters 0.00% · institutions 29.92% · other public 14.58%

    Turnout: all 86.79% · promoters 100.00% · institutions 84.70% · other public 0.13%

  12. Reappointment of Mr. Rakesh Chahar (DIN: 00180587) as a Deputy Managing Director (Whole Time Director) of the Company
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.12% · other public 0.18%

    Turnout: all 86.79% · promoters 100.00% · institutions 84.70% · other public 0.13%

  13. Approval of remuneration payable to Cost Auditors for the FY 2026-27
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.36%

    Turnout: all 86.79% · promoters 100.00% · institutions 84.70% · other public 0.13%

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, 29 Jan 2026, 2 resolutions

74,097 shareholders on the register on 26 Dec 2025; votes counted by AMITABH / AVA Associates.The company's voting result (opens in a new tab)

  1. Approval for change in designation of Mr. Rahul Gautam (DIN: 00192999) as Chairman and Managing Director
    SpecialPromoters have an interest in it
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 0.51% · other public 3.83%

    Turnout: all 87.41% · promoters 96.96% · institutions 96.54% · other public 0.05%

  2. Approval for change in designation of Mr. Tushaar Gautam (DIN: 01646487) as Vice Chairman and Joint Managing Director
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.83%

    Turnout: all 87.41% · promoters 96.96% · institutions 96.54% · other public 0.05%

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, 17 Jul 2025, 4 resolutions

66,947 shareholders on the register on 10 Jul 2025; present: 2 promoters and 240 others; votes counted by Amitabh / AVA ASSOCIATES.The company's voting result (opens in a new tab)

  1. Adoption of the Standalone Audited Financial Statements and Consolidated Financial Statements for the year ended 31st March 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.79%

    Turnout: all 90.30% · promoters 100.00% · institutions 89.54% · other public 0.11%

  2. Re-appointment of Mr. Rahul Gautam (DIN 00192999), as a Director retiring by rotation.
    OrdinaryPromoters have an interest in it
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.63% · other public 6.61%

    Turnout: all 90.30% · promoters 100.00% · institutions 89.54% · other public 0.11%

  3. Ratification of remuneration payable to the Cost Auditor for the financial year ending 31st March 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.91%

    Turnout: all 90.30% · promoters 100.00% · institutions 89.54% · other public 0.11%

  4. Appointment of M/s AVA Associates, a firm of Practicing Company Secretaries as the Secretarial Auditors of the Company, for a term of 5 (five) consecutive financial years.
    Ordinary
    96.67% for3.33% against

    Against: promoters 0.00% · institutions 12.21% · other public 4.56%

    Turnout: all 90.30% · promoters 100.00% · institutions 89.54% · other public 0.11%

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

Meeting called by the tribunal, 28 Apr 2025, 1 resolution

63,537 shareholders on the register on 21 Apr 2025; present: 4 promoters and 150 others; votes counted by RAHUL ANAND DROLIA / RAHUL ANAND DROLIA.The company's voting result (opens in a new tab)

  1. Approval of Draft Composite Scheme of Arrangement of (i) Amalgamation of Belvedore International Limited, Kanvas Concepts Private Limited, Kurlon Retail Limited, Komfort Universe Products and Services Limited, Starship Value Chain and Manufacturing Private Limited (collectively hereinafter referred to as the “Transferor Companies”), respectively into Kurlon Enterprise Limited (hereinafter referred to as the “Transferee /Amalgamating /Applicant Company No. 6”), (ii) Amalgamation of Kurlon Enterprise Limited with Sheela Foam Limited (hereinafter referred to as the “Amalgamated/Applicant Company No.7”) and their respective shareholders and creditorsMoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 91.30% · promoters 100.00% · institutions 95.00% · other public 0.47%

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, 27 Mar 2025, 1 resolution

62,189 shareholders on the register on 21 Feb 2025; votes counted by AMITABH / AVA ASSOCIATES.The company's voting result (opens in a new tab)

  1. To Approve the Related Party Transaction with Kurlon Enterprise Limited
    OrdinaryPromoters have an interest in it
    99.62% for0.38% against

    Against: promoters 0.00% · institutions 0.38% · other public 11.24%

    Turnout: all 26.02% · promoters 0.00% · institutions 95.19% · other public 0.15%

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.

Annual general meeting, 17 Jul 2024, 4 resolutions

Present: 4 promoters and 183 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Standalone Financial Statements and Consolidated Financial Statements for the year ended 31st March 2024 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 0.36%

    Turnout: all 94.29% · promoters 100.00% · institutions 97.15% · other public 0.12%

  2. Reappointment of Mr. Rakesh Chahar (DIN 00180587) as a director retiring by rotation
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.05% · other public 0.42%

    Turnout: all 94.29% · promoters 100.00% · institutions 97.15% · other public 0.12%

  3. Approval of remuneration payable to the Cost Auditor for the financial year ending 31st of March, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.54%

    Turnout: all 94.29% · promoters 100.00% · institutions 97.15% · other public 0.12%

  4. Approval of annual commission to the Independent Directors
    Ordinary
    93.55% for6.45% against

    Against: promoters 0.00% · institutions 21.12% · other public 1.01%

    Turnout: all 94.29% · promoters 100.00% · institutions 97.15% · other public 0.12%

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 May 2024, 1 resolution

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

  1. Approval for the Related Party Transactions with Kurlon Enterprise Limited (subsidiary of Sheela Foam Limited) for an amount not exceeding in the aggregate Rs. 1250 crores for the financial year 2024-25MoreLess
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.93%

    Turnout: all 29.49% · promoters 0.00% · institutions 96.07% · other public 0.10%

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

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

  • Approval for Appointment of Ms. Avantika Singh Gautam (DIN: 08368772) as Non-Executive Non-Independent Director
    3 for0 against

Mutual fund votes, meeting of 16 Jul 2026, 3 fund houses so far (houses' deadline to file 15 Oct 2026)

  • Adoption of the Audited Standalone Financial Statements and Consolidated Financial Statements for the year ended 31st March 2026 together with the reports of the Board of Directors and Auditors.
    3 for0 against
  • Consider and declare a final dividend of Re. 1 (20%) per equity share of face value of Rs. 5/- each for the financial year ended March 31, 2026.
    3 for0 against
  • Appoint a Director in place of Ms. Namita Gautam, (DIN 00190463), who retires by rotation and, being eligible, offers herself for re-appointment.
    3 for0 against
  • Reappointment of M S K A & Associates LLP (formerly known as M S K A & Associates), Chartered Accountants, as Statutory Auditors for the second term of 5 (five) consecutive years
    3 for0 against
  • Appointment of Mr. Neeraj Jain (DIN: 00348591) as a Non-Executive Independent Director of the Company
    3 for0 against
  • Appointment of Ms. Hiroo Mirchandani (DIN: 06992518) as a Non- Executive Independent Director of the Company
    3 for0 against
  • Appointment of Mr. Rajiv Srivastava (DIN: 03568897) as a Non- Executive Independent Director of the Company
    3 for0 against
  • Appointment of Mr. Sudhir Ganpathy Shenoy (DIN: 05289639) as a Non-Executive Independent Director of the Company
    3 for0 against
  • Reappointment of Mr. Rahul Gautam (DIN: 00192999) as the Chairman and Managing Director of the Company
    3 for0 against
  • Reappointment of Ms. Namita Gautam (DIN: 00190463) as a Whole-Time Director of the Company
    3 for0 against
  • Reappointment of Mr. Tushaar Gautam (DIN: 01646487) as Vice Chairman and Joint Managing Director of the Company
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance concern: The appointee has not attended the adequate number of Audit Committee meetings held during FY 2025-56 and no justification has been provided for his leave of absence.
    2 for1 against
  • Reappointment of Mr. Rakesh Chahar (DIN: 00180587) as a Deputy Managing Director (Whole Time Director) of the Company
    3 for0 against
  • Approval of remuneration payable to Cost Auditors for the FY 2026-27
    3 for0 against
6 earlier meetings

Mutual fund votes, meeting of 29 Jan 2026, 11 fund houses

  • Approval for change in designation of Mr. Rahul Gautam (DIN: 00192999) as Chairman and Managing Director
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Holding dual position of Chairman & Managing Director, may lead to concentration of power in the hands of single individual.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Holding dual position of Chairman & Managing Director, may lead to concentration of power in the hands of single individual.
    7 for4 against
  • Approval for change in designation of Mr. Tushaar Gautam (DIN: 01646487) as Vice Chairman and Joint Managing Director
    11 for0 against

Mutual fund votes, meeting of 17 Jul 2025, 12 fund houses

  • Adoption of the Standalone Audited Financial Statements and Consolidated Financial Statements for the year ended 31st March 2025.
    12 for0 against
  • Re-appointment of Mr. Rahul Gautam (DIN 00192999), as a Director retiring by rotation.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Combined Position of Chairperson & Executive Director may lead to concentration of powers in the hands of single person.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Combined Position of Chairperson & Executive Director.
    8 for4 against
  • Ratification of remuneration payable to the Cost Auditor for the financial year ending 31st March 2026.
    12 for0 against
  • Appointment of M/s AVA Associates, a firm of Practicing Company Secretaries as the Secretarial Auditors of the Company, for a term of 5 (five) consecutive financial years.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual FundNon-Disclosure of Secretarial Auditor’s Credentials.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual FundNon-Compliant with SEBI (LODR) Regulations: Non-Disclosure of Secretarial Auditor’s Credentials.
    • LIC Mutual FundConcerns over Disclosure of Secretarial Auditor s Credentials.
    6 for6 against

Mutual fund votes, meeting of 28 Apr 2025, 13 fund houses

  • Approval of Draft Composite Scheme of Arrangement of (i) Amalgamation of Belvedore International Limited, Kanvas Concepts Private Limited, Kurlon Retail Limited, Komfort Universe Products and Services Limited, Starship Value Chain and Manufacturing Private Limited (collectively hereinafter referred to as the “Transferor Companies”), respectively into Kurlon Enterprise Limited (hereinafter referred to as the “Transferee /Amalgamating /Applicant Company No. 6”), (ii) Amalgamation of Kurlon Enterprise Limited with Sheela Foam Limited (hereinafter referred to as the “Amalgamated/Applicant Company No.7”) and their respective shareholders and creditorsMoreLess
    13 for0 against

Mutual fund votes, meeting of 27 Mar 2025, 12 fund houses

  • To Approve the Related Party Transaction with Kurlon Enterprise Limited
    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 & Transparency Concern: Unclear how the sale or purchase of Fixed Assets falls within the ordinary course of business.
    9 for3 against

Mutual fund votes, meeting of 17 Jul 2024, 9 fund houses

  • Adoption of the Audited Standalone Financial Statements and Consolidated Financial Statements for the year ended 31st March 2024 together with the reports of the Board of Directors and the Auditors thereonMoreLess
    9 for0 against
  • Reappointment of Mr. Rakesh Chahar (DIN 00180587) as a director retiring by rotation
    9 for0 against
  • Approval of remuneration payable to the Cost Auditor for the financial year ending 31st of March, 2025
    9 for0 against
  • Approval of annual commission to the Independent Directors
    Against DSP Mutual Fund, Groww Mutual Fund, ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • DSP Mutual FundFor FY24, commission paid to each Independent Director for their services and in addition to sitting fees was Rs. 1.5 mn each, aggregating to Rs. 7.5 mn. Over the past five years (FY20 to FY24), commission paid has been within reasonable limits at 0.3% of profits. We note, commission paid out in the past has been within reasonable limits at 0.3% of profits. In the past, the company has sought shareholder approval annually for payment of commission. However, this year, it has deviated from its past practice and sought a shareholder approval in perpetuity. While we recognize that commission payouts have been reasonable in the past, we do not support resolutions seeking shareholder approval in perpetuity. We believe shareholders must get a chance to periodically review such decisions.
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance concern & Transparency concern: No absolute cap on proposed payment of commission, no specific period of approval disclosed and lack of clarity regarding details of approval sought for commission payable in cases of inadequate/no profits.
    • ICICI Prudential Mutual FundFor FY2024, commission paid to each Independent Director for their services and in addition to sitting fees was Rs. 1.5 million each, aggregating to Rs. 7.5 million. Over the past five years (FY2020 to FY2024), commission paid has been within reasonable limits at 0.3% of profits. In the past, the company has sought shareholder approval annually for payment of commission. However, this year, it has deviated from its past practice and sought a shareholder approval in perpetuity. While commission payouts have been reasonable in the past, resolutions seeking shareholder approval in perpetuity is not supported. Hence, the AMC has voted against the resolution
    • Nippon India Mutual FundNo absolute cap on commission
    4 for5 against

Mutual fund votes, meeting of 19 May 2024, 10 fund houses

  • Approval for the Related Party Transactions with Kurlon Enterprise Limited (subsidiary of Sheela Foam Limited) for an amount not exceeding in the aggregate Rs. 1250 crores for the financial year 2024-25MoreLess
    10 for0 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 penaltyChief Judicial magistrate, Erode, Tamil naduSince 15 Jun 2026₹60,000

    Cases under Factories Act

    Complaints under Factories Act by by duputy director, Industrial Safty and Health, Erode

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

Investor complaints and compliance

Quarter by quarter.

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

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Mar 2026.
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.