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Sharda Cropchem MD, chairman, board of directors and AGM

NSE: SHARDACROPBSE: 538666Fertilizers & AgrochemicalsSmall Cap

Last close ₹642.60down ₹17.00 (2.58%)BSE ₹642.10

Share price at the NSE close on 23 Oct 2026. Previous close ₹659.60.

52-week range of traded prices to 23 Oct 2026
₹631.35Low, 23 Oct 2026₹1,297.00High, 13 Feb 2026
Market cap
₹5,798 Cr581st largest listed
P/E
9.3
P/B
1.8
Dividend yield
2.33%
ROE
22.2%
ROCE
22.3%
Debt to equity
0.00
Volume, NSE
1,33,27151.5% delivered

Sharda Cropchem 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

  • Chairperson and managing directorRamprakash V. Bubna
  • Company Secretary and Compliance OfficerJetkin Gudhka

8 directors4 independent4 executive

  • Ramprakash V. Bubna · Chairperson and managing directorExecutive · joined Mar 2004 · reappointed Jan 2024 · 33 months as independent · 1 listed board · 1 committee seat
  • Sharda R. BubnaExecutive · joined Mar 2004 · reappointed Jan 2024 · 33 months as independent · 1 listed board
  • Ashish R. BubnaExecutive · joined Mar 2004 · reappointed Jan 2024 · 33 months as independent · 1 listed board
  • Manish R. BubnaExecutive · joined Mar 2004 · reappointed Jan 2024 · 33 months as independent · 1 listed board · 1 committee seat
  • Sonal DesaiIndependent · joined Apr 2019 · reappointed Apr 2024 · 30 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • H. S. Upendra KamathIndependent · joined May 2024 · reappointed May 2024 · 28 months as independent · 4 listed boards · 4 as independent · 3 committee seats, 1 as chair
  • Vinod Kumar KathuriaIndependent · joined May 2024 · reappointed May 2024 · 28 months as independent · 4 listed boards · 4 as independent · 3 committee seats, 1 as chair
  • Shalin S. DivatiaIndependent · joined May 2024 · reappointed May 2024 · 28 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair

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

Committees and meetings

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

  • Board

    • 29 Jul 20268 of 8 present4 independent · 76 days in between
    • 13 May 20267 of 8 present4 independent

  • Audit Committee

    Chair Sonal Desai

    Ramprakash V. Bubna, H. S. Upendra Kamath, Shalin S. Divatia, Vinod Kumar Kathuria

    • 29 Jul 20265 of 5 present4 independent · 76 days in between
    • 13 May 20265 of 5 present4 independent

  • Nomination and remuneration committee

    Chair Sonal Desai

    Ramprakash V. Bubna, H. S. Upendra Kamath, Vinod Kumar Kathuria

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Shalin S. Divatia

    Manish R. Bubna, Vinod Kumar Kathuria

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Ramprakash V. Bubna

    Sonal Desai, Manish R. Bubna

    • 13 May 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair Ramprakash V. Bubna

    Sharda R. Bubna, Sonal Desai

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • BSR & Co. LLPPeer-review certificate valid to Jul 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.

Sharda Cropchem 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.Sharda Cropchem dividend history

Annual general meeting, 14 Aug 2026

73,015 shareholders on the register on 7 Aug 2026; present: 7 promoters and 57 others; votes counted by Jigar Shah / JMJA & Associates LLP.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt 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 thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.62%

    Turnout: all 86.37% · promoters 100.00% · institutions 93.29% · other public 0.29%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026, together with the Report of the Auditors thereon.
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.59% · other public 0.91%

    Turnout: all 86.37% · promoters 100.00% · institutions 93.29% · other public 0.29%

  3. To declare a Final dividend on Equity Shares of the Company for the Financial Year 2025-26.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 86.39% · promoters 100.00% · institutions 93.43% · other public 0.29%

  4. To appoint a Director in place of Mr Ashish R. Bubna (DIN: 00945147), who retires by rotation and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    99.72% for0.28% against

    Against: promoters 0.00% · institutions 2.07% · other public 0.99%

    Turnout: all 86.39% · promoters 100.00% · institutions 93.43% · other public 0.29%

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

Annual general meeting, 14 Aug 2025, 5 resolutions

65,445 shareholders on the register on 7 Aug 2025; present: 7 promoters and 35 others; votes counted by Mansi Damania / JMJA & Associates LLP.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt 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 thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.70%

    Turnout: all 86.09% · promoters 100.00% · institutions 74.76% · other public 0.49%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025, together with the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.70%

    Turnout: all 86.09% · promoters 100.00% · institutions 74.76% · other public 0.49%

  3. To declare a Final dividend on Equity Shares of the Company for the Financial Year 2024-25.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 86.16% · promoters 100.00% · institutions 75.18% · other public 0.49%

  4. To appoint a Director in place of Mr Manish R. Bubna (DIN: 00137394), who retires by rotation and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 1.21% · other public 0.91%

    Turnout: all 86.12% · promoters 100.00% · institutions 74.94% · other public 0.49%

  5. Appointment of M/s. JMJA & Associates LLP, Company Secretaries, as the Secretarial Auditor of the Company for a term of Five (5) consecutive years.
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.76% · other public 0.91%

    Turnout: all 86.16% · promoters 100.00% · institutions 75.18% · other public 0.49%

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, 7 resolutions

Present: 7 promoters and 43 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the 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 thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.81%

    Turnout: all 88.09% · promoters 100.00% · institutions 85.98% · other public 0.15%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2024, together with the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.80%

    Turnout: all 88.09% · promoters 100.00% · institutions 85.98% · other public 0.15%

  3. To declare a dividend on Equity Shares of the Company for the Financial Year 2023-24.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.79%

    Turnout: all 88.11% · promoters 100.00% · institutions 86.11% · other public 0.15%

  4. To appoint a Director in place of Mrs. Sharda R. Bubna (DIN:00136760), who retires by rotation and being eligible, offers herself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.03% · other public 12.80%

    Turnout: all 88.11% · promoters 100.00% · institutions 86.11% · other public 0.15%

  5. To appoint Mr. H. S. Upendra Kamath (DIN: 02648119) as a Non-Executive Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.80%

    Turnout: all 88.11% · promoters 100.00% · institutions 86.11% · other public 0.15%

  6. To appoint Mr. Vinod Kumar Kathuria (DIN: 06662559) as a Non-Executive Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.82%

    Turnout: all 88.11% · promoters 100.00% · institutions 86.11% · other public 0.15%

  7. To appoint Mr. Shalin S. Divatia (DIN: 00749517) as a Non-Executive Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.81%

    Turnout: all 88.11% · promoters 100.00% · institutions 86.11% · 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.

Postal ballot, 15 Jan 2024, 1 resolution

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

  1. To re-appoint Ms. Sonal Desai (DIN: 08095343) as an Independent Director of the Company
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.48% · other public 6.68%

    Turnout: all 88.47% · promoters 100.00% · institutions 94.93% · 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.

Annual general meeting, 8 Aug 2023, 9 resolutions

Present: 9 promoters and 30 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt 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 thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.72%

    Turnout: all 88.55% · promoters 100.00% · institutions 94.81% · other public 0.22%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2023, together with the Report of the Auditors thereon.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.17% · other public 5.72%

    Turnout: all 88.55% · promoters 100.00% · institutions 94.81% · other public 0.22%

  3. To confirm the payment of Interim Dividend on Equity Shares and to declare a Final Dividend on Equity Shares of the Company for the Financial Year 2022-23.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.69%

    Turnout: all 88.58% · promoters 100.00% · institutions 95.03% · other public 0.22%

  4. To appoint a Director in place of Mr. Ashish R. Bubna (DIN: 00945147), who retires by rotation and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    98.76% for1.24% against

    Against: promoters 0.00% · institutions 8.01% · other public 8.79%

    Turnout: all 88.58% · promoters 100.00% · institutions 95.03% · other public 0.22%

  5. To approve the appointment of the Statutory Auditors of the Company.
    Ordinary
    96.39% for3.61% against

    Against: promoters 0.00% · institutions 23.25% · other public 7.27%

    Turnout: all 88.58% · promoters 100.00% · institutions 95.03% · other public 0.22%

  6. To re-appoint Mr. Ramprakash V. Bubna (DIN: 00136568) as Chairman & Managing Director of the Company.
    SpecialPromoters have an interest in it
    99.60% for0.40% against

    Against: promoters 0.00% · institutions 2.56% · other public 8.90%

    Turnout: all 88.58% · promoters 100.00% · institutions 95.03% · other public 0.22%

  7. To re-appoint Mrs. Sharda R. Bubna (DIN: 00136760) as Whole-Time Director of the Company.
    SpecialPromoters have an interest in it
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 1.65% · other public 8.90%

    Turnout: all 88.58% · promoters 100.00% · institutions 95.03% · other public 0.22%

  8. To re-appoint Mr. Ashish R. Bubna (DIN: 00945147) as Whole-Time Director of the Company.
    OrdinaryPromoters have an interest in it
    98.50% for1.50% against

    Against: promoters 0.00% · institutions 9.65% · other public 8.79%

    Turnout: all 88.58% · promoters 100.00% · institutions 95.03% · other public 0.22%

  9. To re-appoint Mr. Manish R. Bubna (DIN: 00137394) as Whole-Time Director of the Company.
    OrdinaryPromoters have an interest in it
    98.91% for1.09% against

    Against: promoters 0.00% · institutions 7.01% · other public 8.79%

    Turnout: all 88.58% · promoters 100.00% · institutions 95.03% · 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, 2 Aug 2022, 4 resolutions

Present: 9 promoters and 33 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2022, together with 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 2.08%

    Turnout: all 89.23% · promoters 100.00% · institutions 93.98% · other public 0.11%

  2. To consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2022, together with the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.08%

    Turnout: all 89.23% · promoters 100.00% · institutions 93.98% · other public 0.11%

  3. To confirm the payment of Interim Dividend on Equity Shares and to declare a Final Dividend on Equity Shares of the Company for the Financial Year 2021-22
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.08%

    Turnout: all 89.33% · promoters 100.00% · institutions 94.63% · other public 0.11%

  4. To appoint a Director in place of Mr. Manish R. Bubna (DIN: 00137394) who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    98.56% for1.44% against

    Against: promoters 0.00% · institutions 8.88% · other public 2.52%

    Turnout: all 89.33% · promoters 100.00% · institutions 94.63% · other public 0.11%

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

Annual general meeting, 29 Jul 2021, 4 resolutions

Present: 9 promoters and 35 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2021, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.62%

    Turnout: all 91.34% · promoters 100.00% · institutions 94.83% · other public 0.23%

  2. To consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2021, together with the Report of the Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.62%

    Turnout: all 91.34% · promoters 100.00% · institutions 94.83% · other public 0.23%

  3. To confirm the payment of Interim Dividend on Equity Shares and to declare a Final Dividend on Equity Shares of the Company for the Financial Year 2020-21.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.62%

    Turnout: all 91.35% · promoters 100.00% · institutions 94.86% · other public 0.23%

  4. To appoint a Director in place of Mrs. Sharda R. Bubna (DIN: 00136760), who retires by rotation and being eligible, offers herself for re-appointment
    OrdinaryPromoters have an interest in it
    99.73% for0.27% against

    Against: promoters 0.00% · institutions 1.49% · other public 0.78%

    Turnout: all 91.35% · promoters 100.00% · institutions 94.86% · other public 0.23%

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

Annual general meeting, 30 Sep 2020, 3 resolutions

Present: 9 promoters and 50 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2020, together with the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 95.75% · promoters 100.00% · institutions 96.51% · other public 0.75%

  2. To consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2020, together with the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 95.75% · promoters 100.00% · institutions 96.51% · other public 0.75%

  3. To appoint a Director in place of Mr. Ashish R. Bubna DIN 00945147, who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 95.76% · promoters 100.00% · institutions 96.54% · other public 0.75%

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 14 Aug 2026, 3 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt 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 thereon.MoreLess
    3 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026, together with the Report of the Auditors thereon.
    Against Angel One Mutual Fund
    • Angel One Mutual FundNon-disclosure of the audited financial statements of a subsidiary on the website of the Company.
    2 for1 against
  • To declare a Final dividend on Equity Shares of the Company for the Financial Year 2025-26.
    3 for0 against
  • To appoint a Director in place of Mr Ashish R. Bubna (DIN: 00945147), who retires by rotation and being eligible, offers himself for re-appointment
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance concern: Gender biased remuneration practice among Executive Directors.
    2 for1 against

Mutual fund votes, meeting of 14 Aug 2025, 7 fund houses

  • To receive, consider and adopt 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 thereon.MoreLess
    7 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025, together with the Report of the Auditors thereon.
    7 for0 against
  • To declare a Final dividend on Equity Shares of the Company for the Financial Year 2024-25.
    7 for0 against
  • To appoint a Director in place of Mr Manish R. Bubna (DIN: 00137394), who retires by rotation and being eligible, offers himself for re-appointment
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance concern: Gender biased remuneration practice among Executive Directors.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merits of proposed director. Governance concern: Gender biased remuneration practice among EDs.
    3 for4 against
  • Appointment of M/s. JMJA & Associates LLP, Company Secretaries, as the Secretarial Auditor of the Company for a term of Five (5) consecutive years.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundProposed fee payable to Secretarial Auditors not disclosed. Governance Concern: Providing authority to Chairman & Managing Director to fix remuneration.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on merit of the proposed Secretarial Auditors. Non-Compliant with Regulation 36(5) of SEBI LODR: Proposed fee payable to Secretarial Auditors not disclosed. Governance Concern: Providing authority to Chairman & MD to fix remuneration.
    3 for4 against
6 earlier meetings

Mutual fund votes, meeting of 9 Aug 2024, 4 fund houses

  • To receive, consider and adopt the 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 thereon.MoreLess
    4 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2024, together with the Report of the Auditors thereon.
    4 for0 against
  • To declare a dividend on Equity Shares of the Company for the Financial Year 2023-24.
    4 for0 against
  • To appoint a Director in place of Mrs. Sharda R. Bubna (DIN:00136760), who retires by rotation and being eligible, offers herself for re-appointment.
    4 for0 against
  • To appoint Mr. H. S. Upendra Kamath (DIN: 02648119) as a Non-Executive Independent Director of the Company.
    4 for0 against
  • To appoint Mr. Vinod Kumar Kathuria (DIN: 06662559) as a Non-Executive Independent Director of the Company.
    4 for0 against
  • To appoint Mr. Shalin S. Divatia (DIN: 00749517) as a Non-Executive Independent Director of the Company.
    4 for0 against

Mutual fund votes, meeting of 15 Jan 2024, 7 fund houses

  • To re-appoint Ms. Sonal Desai (DIN: 08095343) as an Independent Director of the Company
    7 for0 against

Mutual fund votes, meeting of 8 Aug 2023, 5 fund houses

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

  • To receive, consider and adopt the Audited Standalone 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 thereon.MoreLess
    5 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2023, together with the Report of the Auditors thereon.
    Against Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Motilal Oswal Mutual FundUnqualified Financial Statements. Non-Compliant with Companies Act, 2013 & SEBI LODR Regulations: Non-disclosure of financial statements of Subsidiaries for FY 2022-23.
    • Nippon India Mutual FundInadequate disclosure
    3 for2 against
  • To confirm the payment of Interim Dividend on Equity Shares and to declare a Final Dividend on Equity Shares of the Company for the Financial Year 2022-23.
    5 for0 against
  • To appoint a Director in place of Mr. Ashish R. Bubna (DIN: 00945147), who retires by rotation and being eligible, offers himself for re-appointment
    Against Motilal Oswal Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. Governance concern: Skewed and Biased Remuneration, No absolute cap on commission.
    • Nippon India Mutual FundSkewed Remuneration
    • SBI Mutual FundAshish R. Bubna, 50, is part of the promoter family and Executive Director of Sharda Cropchem Limited. He has been on the board since 12 March 2004. He attended 50% (2/4) of the board meetings held in FY23 and 67% (8/12) of the board meetings held in the last three years. We expect directors to take their responsibilities seriously and attend all board meetings. Given his low attendance, we do not support his reappointment.
    2 for3 against
  • To approve the appointment of the Statutory Auditors of the Company.
    Against Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Motilal Oswal Mutual FundNon-Compliant with SEBI LODR Regulation: Non-Disclosure of Credentials of Auditor and proposed remuneration of the auditors.
    • Nippon India Mutual FundInadequate disclosure
    2 for2 against
  • To re-appoint Mr. Ramprakash V. Bubna (DIN: 00136568) as Chairman & Managing Director of the Company.
    Against Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. Governance concern: Holding position of Chairman and Managing Director, Skewed and Biased Remuneration, no absolute cap on commission, Holding two full time positions.
    • Nippon India Mutual FundSkewed Remuneration
    3 for2 against
  • To re-appoint Mrs. Sharda R. Bubna (DIN: 00136760) as Whole-Time Director of the Company.
    Against Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Motilal Oswal Mutual FundNon-Complaint with respect to section 196 (3) of Companies Act 2013. No prior approval for continuing after attaining age of 70 years.
    • Nippon India Mutual FundShareholder's approval not obtained on time for appointment of director
    3 for2 against
  • To re-appoint Mr. Ashish R. Bubna (DIN: 00945147) as Whole-Time Director of the Company.
    Against Motilal Oswal Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. Governance concern: Skewed and Biased Remuneration, No absolute cap on commission.
    • Nippon India Mutual FundSkewed Remuneration
    • SBI Mutual FundAshish R. Bubna, 50, is part of the promoter family and Executive Director of Sharda Cropchem Limited. He has been on the board since 12 March 2004.He was paid Rs. 43.5 mn as remuneration in FY23. We estimate Ashish R. Bubna’s annual remuneration at Rs. 54.3 mn, which is commensurate with the size of business and in line with peers. The company must consider putting a cap on the absolute commission payable to directors and define performance metrics for variable pay.However, he attended 50% (2/4) of the board meetings held in FY23 and 67% (8/12) of the board meetings held in the last three years. We expect directors to take their responsibilities seriously and attend all board meetings, or at the very least 75% of meetings over a three year period. Given his low attendance, we do not support his reappointment.
    2 for3 against
  • To re-appoint Mr. Manish R. Bubna (DIN: 00137394) as Whole-Time Director of the Company.
    Against Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. Governance concern: Skewed and Biased Remuneration, No absolute cap on commission.
    • Nippon India Mutual FundSkewed Remuneration
    3 for2 against
1 proposal not matched to one resolution
  • 5) Reappoint B S R & Co as statutory auditors for five years from the conclusion of the 2023 AGM and authorise Ramprakash Bubna (CMD) to fix their remuneration on behalf of the Board of Directors.
    Against SBI Mutual Fund
    • SBI Mutual FundB S R & Co were appointed as statutory auditors for five years from the conclusion of the 2018 AGM. The company proposes to reappoint them for a second term of five years from the conclusion of the 2023 AGM.As per Regulation 36(5) of SEBI’s LODR 2015, companies are mandated to disclose the terms of appointment/ re appointment of auditors, including the remuneration payable to them: the company has not made any such disclosures. B S R & Co were paid statutory audit fees of Rs 7.7 mn for FY23 (on a consolidated basis).Ramprakash Bubna, promoter and MD will fix the auditor remuneration. We believe that it is the prerogative of the Audit Committee and / or the board to fix auditor remuneration: this decision must not be concentrated in the hands of a single individual. Therefore, we do not support the resolution.
    0 for1 against

Mutual fund votes, meeting of 2 Aug 2022, 2 fund houses

  • To consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2022, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    2 for0 against
  • To consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2022, together with the Report of the Auditors thereon.
    2 for0 against
  • To confirm the payment of Interim Dividend on Equity Shares and to declare a Final Dividend on Equity Shares of the Company for the Financial Year 2021-22
    2 for0 against
  • To appoint a Director in place of Mr. Manish R. Bubna (DIN: 00137394) who retires by rotation and being eligible, offers himself for re-appointment.
    2 for0 against

Mutual fund votes, meeting of 29 Jul 2021, 4 fund houses

  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2021, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    4 for0 against
  • To consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2021, together with the Report of the Auditors thereon
    4 for0 against
  • To confirm the payment of Interim Dividend on Equity Shares and to declare a Final Dividend on Equity Shares of the Company for the Financial Year 2020-21.
    4 for0 against
  • To appoint a Director in place of Mrs. Sharda R. Bubna (DIN: 00136760), who retires by rotation and being eligible, offers herself for re-appointment
    4 for0 against

Mutual fund votes, meeting of 30 Sep 2020, 1 fund house

  • To consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2020, together with the Reports of the Board of Directors and Auditors thereon.
    1 for0 against
  • To consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2020, together with the Report of the Auditors thereon.
    1 for0 against
  • To appoint a Director in place of Mr. Ashish R. Bubna DIN 00945147, who retires by rotation and being eligible, offers himself for re-appointment.
    1 for0 against

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

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeIncome Tax DepartmentSince 11 Sep 2018
    Departmental Appeal pending before the Bombay High Court for AY 11-12. Appeal filed against the orders of ITAT, Mumbai where by the Hon'ble ITAT dismissed the revenue appeal filed against the order passed by the CIT(A) for allowbilty of product registration expenses as revenue expenditure against capital expenditure.MoreLess
  • Tax disputeIncome Tax DepartmentSince 11 Sep 2018
    Departmental Appeal pending before the Bombay High Court for AY 12-13. Appeal filed against the orders of ITAT, Mumbai where by the Hon'ble ITAT dismissed the revenue appeal filed against the order passed by the CIT(A) for allowbilty of product registration expenses as revenue expenditure against capital expenditure.MoreLess
  • Tax disputeIncome Tax DepartmentSince 15 Apr 2019
    Departmental Appeal pending before the Bombay High Court for AY 13-14. Appeal filed against the orders of ITAT, Mumbai where by the Hon'ble ITAT dismissed the revenue appeal filed against the order passed by the CIT(A) for allowbilty of product registration expenses as revenue expenditure against capital expenditure.MoreLess
  • Tax disputeIncome Tax DepartmentSince 5 Feb 2026
    For AY 2015-16, Appeal filed against the orders of ITAT, Mumbai by the revenue department. The appeal is pending admission in the Hon’ble Bombay High Court
  • Tax disputeIncome Tax DepartmentSince 18 Nov 2025
    For AY 2016-17, Appeal filed against the orders of ITAT, Mumbai by the revenue department. The appeal is pending admission in the Hon’ble Bombay High Court
  • Tax disputeIncome Tax DepartmentSince 5 Feb 2026
    For AY 2017-18, Appeal filed against the orders of ITAT, Mumbai by the revenue department. The appeal is pending admission in the Hon’ble Bombay High Court
  • Tax disputeIncome Tax DepartmentSince 6 Nov 2025
    For AY 2015-16, 2 Appeal filed against the orders of ITAT, Mumbai by the revenue department. The appeal is pending admission in the Hon’ble Bombay High Court
    At the filing before: For AY 2018-19 Appeal filed against the orders of ITAT, Mumbai by the revenue department. The appeal is pending admission in the Hon’ble Bombay High Court
  • Tax disputeIncome Tax DepartmentSince 5 Feb 2026
    For AY 2020-21 Appeal filed against the orders of ITAT, Mumbai by the revenue department. The appeal is pending admission in the Hon’ble Bombay High Court
1 more
  • Tax disputeIncome Tax DepartmentSince 5 Feb 2026
    For AY 2022-23 Appeal filed against the orders of ITAT, Mumbai by the revenue department. The appeal is pending admission in the Hon’ble Bombay High Court

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

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.