S H Kelkar and Company logo

S H Kelkar and Company CEO, MD, chairman, board of directors and AGM

NSE: SHKBSE: 539450Chemicals & PetrochemicalsSmall Cap

Last close ₹125.46down ₹4.83 (3.71%)BSE ₹125.60

Share price at the NSE close on 23 Oct 2026. Previous close ₹130.29.

52-week range of traded prices to 23 Oct 2026
₹111.98Low, 30 Mar 2026₹231.28High, 23 Oct 2025
Market cap
₹1,737 Cr1,162nd largest listed
P/E
19.5
P/E without one-offs
70.2
P/B
1.3
Dividend yield
0.80%
ROE
6.8%
ROE without one-offs
1.9%
ROCE
5.8%
Debt to equity
0.62
Volume, NSE
2,99,44154.3% delivered

S H Kelkar and Company 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

  • Chief executiveKedar Ramesh Vaze
  • Company Secretary and Compliance OfficerMs. Deepti Chandratre

7 directors4 independent1 executive2 non-executive

  • Prabha Ramesh VazeNon-executive · joined Oct 1980 · reappointed Oct 1980 · 1 listed board
  • Kedar Ramesh Vaze · Chief executiveExecutive · joined Aug 2010 · reappointed Sep 2025 · 1 listed board · 2 committee seats
  • Vasant Vitthaldas GujarathiIndependent · joined Feb 2022 · reappointed Feb 2022 · 55 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 4 as chair
  • Shrikant Bhikaji OkaIndependent · joined May 2018 · reappointed May 2023 · 100 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Deepak Raj BindraIndependent · joined Dec 2021 · reappointed Dec 2021 · 57 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Neela BhattacherjeeIndependent · joined May 2022 · reappointed May 2022 · 52 months as independent · 3 listed boards · 3 as independent · 2 committee seats
  • Pallavi Pratap GokhaleNon-executive · joined Jul 2025 · 4 listed boards · 3 as independent · 5 committee seats

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

2 directors who left
  • Ramesh Vinayak Vaze, left 15 Sep 2026: Others
  • Mark Elliott, left 14 Dec 2024: Tenure Completion

Committees and meetings

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

  • Board

    • 28 Jul 20268 of 8 present4 independent · 73 days in between
    • 15 May 20267 of 8 present4 independent

  • Audit Committee

    Chair Vasant Vitthaldas Gujarathi

    Kedar Ramesh Vaze, Neela Bhattacherjee, Shrikant Bhikaji Oka, Pallavi Pratap Gokhale, Deepak Raj Bindra

    • 28 Jul 20266 of 6 present4 independent · 73 days in between
    • 15 May 20266 of 6 present4 independent

  • Nomination and remuneration committee

    Chair Neela Bhattacherjee

    Deepak Raj Bindra, Vasant Vitthaldas Gujarathi

    • 28 Jul 20263 of 3 present3 independent · 73 days in between
    • 15 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Vasant Vitthaldas Gujarathi

    Shrikant Bhikaji Oka, Deepak Raj Bindra

    • 15 May 20263 of 3 present3 independent

  • Risk Management Committee

    Chair Shrikant Bhikaji Oka

    Kedar Ramesh Vaze, Vasant Vitthaldas Gujarathi, Pallavi Pratap Gokhale, Jagdish Agarwal

    • 28 Jul 20264 of 4 present2 independent · 73 days in between

  • Corporate Social Responsibility Committee

    Chair Kedar Ramesh Vaze

    Prabha Ramesh Vaze, Shrikant Bhikaji Oka

    • 31 Jul 20263 of 3 present1 independent · 76 days in between
    • 15 May 20262 of 3 present1 independent

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

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Deloitte Haskins & Sells LLPPeer-review certificate valid to Jul 2027

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.

S H Kelkar and Company 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.S H Kelkar and Company dividend history

Annual general meeting, 31 Jul 2026

57,771 shareholders on the register on 24 Jul 2026; present: 18 promoters and 41 others; votes counted by Vishwanath / SHARMA AND TRIVEDI 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 Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 62.50% · promoters 100.00% · institutions 65.61% · other public 1.07%

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

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

    Turnout: all 62.50% · promoters 100.00% · institutions 65.61% · other public 1.07%

  3. To appoint a director in place of Mr. Ramesh Vaze (DIN: 00509751), Non-Executive and Non Independent Director, who retires by rotation and being eligible offers himself for reappointment.
    Ordinary
    98.23% for1.77% against

    Against: promoters 0.00% · institutions 15.21% · other public 0.04%

    Turnout: all 62.52% · promoters 100.00% · institutions 65.85% · other public 1.07%

  4. To confirm the interim dividend paid to the shareholders for the financial year 2025-26 pursuant to declaration of the same by the Board of Directors of the Company at its meeting held on 06 February 2026MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.93%

    Turnout: all 62.52% · promoters 100.00% · institutions 65.85% · other public 1.07%

  5. To appoint M/s. B S R & Co. LLP, Chartered Accountants (Firm Registration No. /W-100022) as the Statutory Auditors of the Company
    Ordinary
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.45% · other public 5.97%

    Turnout: all 62.52% · promoters 100.00% · institutions 65.85% · other public 1.07%

  6. To pay remuneration by way of commission to Mr.Ramesh Vaze (DIN: 00509751) as a Non-Executive Director and Chairman of the Board
    Special
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.45% · other public 6.35%

    Turnout: all 62.51% · promoters 100.00% · institutions 65.85% · other public 1.04%

  7. To ratify the remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants, appointed as Cost Auditors of the Company for the Financial Year 2026-27
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 62.51% · promoters 100.00% · institutions 65.85% · other public 1.04%

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, 12 Aug 2025, 11 resolutions

51,709 shareholders on the register on 5 Aug 2025; present: 13 promoters and 59 others; votes counted by Vishwanath / M/s.Sharma and Trivedi 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 31 March 2025 together with the Reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 62.70% · promoters 99.73% · institutions 69.51% · other public 0.77%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31 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 0.00%

    Turnout: all 62.70% · promoters 99.73% · institutions 69.51% · other public 0.77%

  3. To appoint a Director in place of Mrs. Prabha Vaze (DIN: 00509817), Non-Executive and Non-Independent Director, who retires by rotation and being eligible offers herself for re-appointment
    Ordinary
    94.79% for5.21% against

    Against: promoters 0.00% · institutions 41.95% · other public 6.24%

    Turnout: all 62.73% · promoters 99.73% · institutions 69.74% · other public 0.77%

  4. To declare final dividend of Re. 1 (10%) per equity share on 13,84,20,801 fully paid-up equity shares of face value of Rs. 10/- each for the Financial Year ended 31 March 2025
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 62.73% · promoters 99.73% · institutions 69.74% · other public 0.77%

  5. To pay remuneration by way of commission to Mr. Ramesh Vaze (DIN: 00509751) as a Non-Executive Director and Chairman of the Board
    Special
    98.86% for1.14% against

    Against: promoters 0.00% · institutions 9.05% · other public 6.72%

    Turnout: all 62.72% · promoters 99.73% · institutions 69.74% · other public 0.74%

  6. To re-appoint Mr. Kedar Vaze (DIN: 00511325) as a Whole-time Director of the Company, designated as Whole-time Director & Group Chief Executive Officer, for a period of 3 (three) years with effect from 01 September 2025MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 62.72% · promoters 99.73% · institutions 69.74% · other public 0.75%

  7. To waive the recovery of excess remuneration paid to Mr. Kedar Vaze, Whole-Time Director and Group Chief Executive Officer of the Company for the Financial Year 2024-25
    Special
    98.88% for1.12% against

    Against: promoters 0.00% · institutions 9.04% · other public 0.26%

    Turnout: all 62.72% · promoters 99.73% · institutions 69.74% · other public 0.74%

  8. To approve payment of Commission for the Financial Year 2024-25 and remuneration for the period from 01 April 2025 to 31 August 2025 to Mr. Kedar Vaze, Whole-Time Director and Group Chief Executive Officer of the CompanyMoreLess
    Special
    98.88% for1.12% against

    Against: promoters 0.00% · institutions 9.04% · other public 0.10%

    Turnout: all 62.72% · promoters 99.73% · institutions 69.74% · other public 0.74%

  9. To appoint Ms. Pallavi Gokhale (DIN: 00036369) as Non – Executive and Non - Independent Director on the Board of Directors of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 62.72% · promoters 99.73% · institutions 69.74% · other public 0.75%

  10. To appoint M/s. Mehta and Mehta, Practicing Company Secretaries as Secretarial Auditors and to fix their remuneration
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 62.72% · promoters 99.73% · institutions 69.74% · other public 0.75%

  11. To ratify the remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants, appointed as Cost Auditors of the Company for the Financial Year 2025-26
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 62.72% · promoters 99.73% · institutions 69.74% · 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.

Annual general meeting, 22 Aug 2024, 5 resolutions

Present: 15 promoters and 23 others.The company's voting result (opens in a new tab)

  1. To receive, consider, approve and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the year ended 31 March 2024 alongwith the Report of Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.09% · promoters 100.00% · institutions 73.38% · other public 1.12%

  2. 2. To confirm interim dividend on equity shares declared during the financial year ended 31 March 2024 as final dividend for financial year ended 31 March 2024.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.12% · promoters 100.00% · institutions 73.66% · other public 1.12%

  3. To appoint a Director in place of Mr. Ramesh Vaze (DIN: 00509751), Non-Executive, Non-Independent Director, who retires by rotation and being eligible offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    89.85% for10.15% against

    Against: promoters 0.00% · institutions 66.84% · other public 0.13%

    Turnout: all 44.57% · promoters 64.55% · institutions 73.66% · other public 1.12%

  4. To pay remuneration by way of commission to Mr. Ramesh Vaze (DIN: 00509751) as a Non-Executive Director and Chairman of the Board
    SpecialPromoters have an interest in it
    81.52% for18.48% against

    Against: promoters 0.00% · institutions 19.35% · other public 2.49%

    Turnout: all 7.14% · promoters 0.00% · institutions 73.66% · other public 1.12%

  5. To ratify the remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants, appointed as Cost Auditors of the Company for the Financial Year 2024-25
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.12% · promoters 100.00% · institutions 73.66% · other public 1.12%

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, 4 Jul 2024, 1 resolution

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

  1. To increase the limits available for making investments / extending loans and giving guarantees or providing securities in connection with loan(s) to Person(s) / Bodies Corporate(s) under Section 186 of the Companies Act, 2013MoreLess
    Special
    92.40% for7.60% against

    Against: promoters 0.00% · institutions 73.67% · other public 8.81%

    Turnout: all 66.03% · promoters 100.00% · institutions 77.33% · other public 0.95%

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

Annual general meeting, 10 Aug 2023, 5 resolutions

Present: 18 promoters and 27 others.The company's voting result (opens in a new tab)

  1. To receive, consider, approve and adopt the audited Standalone and Consolidated Financial Statements of the Company for the year ended 31st March 2023 along with the Report of Board of Directors and Auditors thereon:MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 67.68% · promoters 100.00% · institutions 31.07% · other public 2.66%

  2. To declare final dividend on equity shares for the financial year ended 31st March 2023:
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 67.71% · promoters 100.00% · institutions 31.17% · other public 2.66%

  3. To appoint a Director in place of Mrs. Prabha Vaze (DIN: 00509817), a Non-Executive/ Non-Independent Director, who retires by rotation and being eligible offers himself for re-appointment:
    OrdinaryPromoters have an interest in it
    93.88% for6.12% against

    Against: promoters 0.00% · institutions 48.49% · other public 0.50%

    Turnout: all 66.41% · promoters 97.80% · institutions 31.17% · other public 2.66%

  4. To pay remuneration by way of commission to Mr. Ramesh Vaze (DIN: 00509751) as a Non-Executive Director and Chairman of the Board
    SpecialPromoters have an interest in it
    83.47% for16.53% against

    Against: promoters 0.00% · institutions 19.11% · other public 5.64%

    Turnout: all 9.81% · promoters 1.79% · institutions 31.17% · other public 2.66%

  5. To ratify the remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants, appointed as Cost Auditors of the Company for the Financial Year 2023-24
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.50%

    Turnout: all 67.71% · promoters 100.00% · institutions 31.17% · other public 2.66%

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 May 2023, 1 resolution

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

  1. Re-appointment of Mr. Shrikant Oka (DIN: 08135918) as an Independent Director on the Board of Directors of the Company to hold office for a period of 5 (five) consecutive years from May 25, 2023 to May 24, 2028MoreLess
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.36%

    Turnout: all 68.60% · promoters 100.00% · institutions 78.92% · other public 1.41%

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, 10 Aug 2022, 6 resolutions

Present: 14 promoters and 28 others.The company's voting result (opens in a new tab)

  1. To receive, consider, approve and adopt the audited Standalone and Consolidated Financial Statements of the Company for the year ended 31 March 2022 alongwith the Report of Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 68.85% · promoters 100.00% · institutions 74.03% · other public 1.29%

  2. To declare final dividend on equity shares for the financial year ended 31 March 2022
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 68.88% · promoters 100.00% · institutions 74.23% · other public 1.29%

  3. To appoint a Director in place of Mr. Ramesh Vaze (DIN: 00509751), a Non-Executive/Non-Independent Director, 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 0.31%

    Turnout: all 68.88% · promoters 100.00% · institutions 74.23% · other public 1.29%

  4. To appoint Ms. Neela Bhattacherjee (DIN: 01912483) as an Independent Director
    Special
    100.00% for0.00% against

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

    Turnout: all 68.88% · promoters 100.00% · institutions 74.23% · other public 1.29%

  5. To pay remuneration by way of commission to Mr. Ramesh Vaze (DIN: 00509751) as a Non-Executive Director and Chairman of the Board
    SpecialPromoters have an interest in it
    82.89% for17.11% against

    Against: promoters 0.00% · institutions 17.52% · other public 5.70%

    Turnout: all 10.42% · promoters 0.00% · institutions 74.23% · other public 1.29%

  6. To ratify the remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants, appointed as Cost Auditors of the Company for the financial year 2022-23
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 68.88% · promoters 100.00% · institutions 74.23% · other public 1.29%

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.

Postal ballot, 4 Dec 2021, 4 resolutions

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

  1. Alteration of Articles of Association of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 64.18% · promoters 80.01% · institutions 54.03% · other public 36.60%

  2. Re-appointment of Mr. Mark Elliott (DIN: 08594890) as an Independent Director on the Board of Directors of the Company to hold office for a period of 3 (three) consecutive years from December 15, 2021 to December 14, 2024MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 64.18% · promoters 80.01% · institutions 54.03% · other public 36.60%

  3. Appointment of Mr. Deepak Raj Bindra (DIN: 06835196) as an Independent Director on the Board of Directors of the Company to hold office for a period of 5 (five) consecutive years from December 15, 2021 to December 14, 2026MoreLess
    Special
    95.74% for4.26% against

    Against: promoters 0.00% · institutions 40.85% · other public 0.01%

    Turnout: all 64.18% · promoters 80.01% · institutions 54.03% · other public 36.60%

  4. Appointment of Mr. Vasant Gujarathi (DIN: 06863505) as an Independent Director on the Board of Directors of the Company to hold office for a period of 5 (five) consecutive years from February 20, 2022 to February 19, 2027MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 64.18% · promoters 80.01% · institutions 54.03% · other public 36.60%

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

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 31 Jul 2026, 2 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 Auditors thereonMoreLess
    2 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31 March 2026 together with the Report of the Auditors thereon
    2 for0 against
  • To appoint a director in place of Mr. Ramesh Vaze (DIN: 00509751), Non-Executive and Non Independent Director, who retires by rotation and being eligible offers himself for reappointment.
    2 for0 against
  • To confirm the interim dividend paid to the shareholders for the financial year 2025-26 pursuant to declaration of the same by the Board of Directors of the Company at its meeting held on 06 February 2026MoreLess
    2 for0 against
  • To appoint M/s. B S R & Co. LLP, Chartered Accountants (Firm Registration No. /W-100022) as the Statutory Auditors of the Company
    2 for0 against
  • To pay remuneration by way of commission to Mr.Ramesh Vaze (DIN: 00509751) as a Non-Executive Director and Chairman of the Board
    2 for0 against
  • To ratify the remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants, appointed as Cost Auditors of the Company for the Financial Year 2026-27
    2 for0 against

Mutual fund votes, meeting of 12 Aug 2025, 5 fund houses

  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31 March 2025 together with the Reports of the Board of Directors and Auditors thereonMoreLess
    5 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31 March 2025 together with the Report of the Auditors thereon
    5 for0 against
  • To appoint a Director in place of Mrs. Prabha Vaze (DIN: 00509817), Non-Executive and Non-Independent Director, who retires by rotation and being eligible offers herself for re-appointment
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern on the merit of appointee. Non-compliant with Regulation 17(1A) of SEBI LODR Regulations: Director appointment beyond 75 years of age proposed through ordinary resolution and no specific justification for continuation.
    4 for1 against
  • To declare final dividend of Re. 1 (10%) per equity share on 13,84,20,801 fully paid-up equity shares of face value of Rs. 10/- each for the Financial Year ended 31 March 2025
    5 for0 against
  • To pay remuneration by way of commission to Mr. Ramesh Vaze (DIN: 00509751) as a Non-Executive Director and Chairman of the Board
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. Governance Concern: NED Chairperson related to Executive Director. No absolute cap on the proposed commission. Remuneration practice is skewed in favour of Promoter Non-Executive Chairman.
    4 for1 against
  • To re-appoint Mr. Kedar Vaze (DIN: 00511325) as a Whole-time Director of the Company, designated as Whole-time Director & Group Chief Executive Officer, for a period of 3 (three) years with effect from 01 September 2025MoreLess
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. Governance concern: There is no absolute cap on the variable pay/commission or total overall remuneration being paid or proposed to be paid to the director.
    4 for1 against
  • To waive the recovery of excess remuneration paid to Mr. Kedar Vaze, Whole-Time Director and Group Chief Executive Officer of the Company for the Financial Year 2024-25
    5 for0 against
  • To approve payment of Commission for the Financial Year 2024-25 and remuneration for the period from 01 April 2025 to 31 August 2025 to Mr. Kedar Vaze, Whole-Time Director and Group Chief Executive Officer of the CompanyMoreLess
    5 for0 against
  • To appoint Ms. Pallavi Gokhale (DIN: 00036369) as Non – Executive and Non - Independent Director on the Board of Directors of the Company
    5 for0 against
  • To appoint M/s. Mehta and Mehta, Practicing Company Secretaries as Secretarial Auditors and to fix their remuneration
    5 for0 against
  • To ratify the remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants, appointed as Cost Auditors of the Company for the Financial Year 2025-26
    5 for0 against
4 earlier meetings

Mutual fund votes, meeting of 10 Aug 2023, 1 fund house

  • To receive, consider, approve and adopt the audited Standalone and Consolidated Financial Statements of the Company for the year ended 31st March 2023 along with the Report of Board of Directors and Auditors thereon:MoreLess
    1 for0 against
  • To declare final dividend on equity shares for the financial year ended 31st March 2023:
    1 for0 against
  • To appoint a Director in place of Mrs. Prabha Vaze (DIN: 00509817), a Non-Executive/ Non-Independent Director, who retires by rotation and being eligible offers himself for re-appointment:
    1 for0 against
  • To pay remuneration by way of commission to Mr. Ramesh Vaze (DIN: 00509751) as a Non-Executive Director and Chairman of the Board
    1 for0 against
  • To ratify the remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants, appointed as Cost Auditors of the Company for the Financial Year 2023-24
    1 for0 against

Mutual fund votes, meeting of 13 May 2023, 3 fund houses

  • Re-appointment of Mr. Shrikant Oka (DIN: 08135918) as an Independent Director on the Board of Directors of the Company to hold office for a period of 5 (five) consecutive years from May 25, 2023 to May 24, 2028MoreLess
    3 for0 against

Mutual fund votes, meeting of 10 Aug 2022, 2 fund houses

  • To receive, consider, approve and adopt the audited Standalone and Consolidated Financial Statements of the Company for the year ended 31 March 2022 alongwith the Report of Board of Directors and Auditors thereonMoreLess
    2 for0 against
  • To declare final dividend on equity shares for the financial year ended 31 March 2022
    2 for0 against
  • To appoint a Director in place of Mr. Ramesh Vaze (DIN: 00509751), a Non-Executive/Non-Independent Director, who retires by rotation and being eligible offers himself for re-appointment
    2 for0 against
  • To appoint Ms. Neela Bhattacherjee (DIN: 01912483) as an Independent Director
    2 for0 against
  • To pay remuneration by way of commission to Mr. Ramesh Vaze (DIN: 00509751) as a Non-Executive Director and Chairman of the Board
    2 for0 against
  • To ratify the remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants, appointed as Cost Auditors of the Company for the financial year 2022-23
    2 for0 against

Mutual fund votes, meeting of 4 Dec 2021, 3 fund houses

  • Alteration of Articles of Association of the Company
    3 for0 against
  • Re-appointment of Mr. Mark Elliott (DIN: 08594890) as an Independent Director on the Board of Directors of the Company to hold office for a period of 3 (three) consecutive years from December 15, 2021 to December 14, 2024MoreLess
    3 for0 against
  • Appointment of Mr. Deepak Raj Bindra (DIN: 06835196) as an Independent Director on the Board of Directors of the Company to hold office for a period of 5 (five) consecutive years from December 15, 2021 to December 14, 2026MoreLess
    Against Bandhan Mutual Fund, LIC Mutual Fund
    • Bandhan Mutual FundGovernance concern: Non-independence on the bases of ambiguity of his previous appointment as NED or Nominee NED and non-serving of cooling off period of three years.
    • LIC Mutual FundCompliant with law. Governance concern: Non-independence on the bases of ambiguity of his previous appointment as NED or Nominee NED and non-serving of cooling off period of three years.
    1 for2 against
  • Appointment of Mr. Vasant Gujarathi (DIN: 06863505) as an Independent Director on the Board of Directors of the Company to hold office for a period of 5 (five) consecutive years from February 20, 2022 to February 19, 2027MoreLess
    3 for0 against

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

Stakes in unlisted companies

Reported in the filing for the quarter to Sep 2026.

  • Unlisted stake boughtKeva Green Technologies Private LimitedSince 30 Sep 2026

    10.00% bought in the quarter; holding 10.00%, from 0.00%

Investor complaints and compliance

Quarter by quarter.

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

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Dec 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
No
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.