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Sonata Software MD, chairman, board of directors and AGM

NSE: SONATSOFTWBSE: 532221IT - SoftwareSmall Cap

Last close ₹232.15down ₹7.60 (3.17%)BSE ₹232.45

Share price at the NSE close on 23 Oct 2026. Previous close ₹239.75.

52-week range of traded prices to 23 Oct 2026
₹207.15Low, 30 Mar 2026₹400.50High, 13 Nov 2025
Market cap
₹6,510 Cr635th largest listed
P/E
14.1
P/E without one-offs
12.4
P/B
3.4
Dividend yield
3.40%
ROE
25.7%
ROE without one-offs
29.1%
ROCE
26.1%
Debt to equity
0.30
Volume, NSE
17,37,76630.4% delivered

Sonata Software 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

  • ChairpersonSanjay Khatau Asher
  • Company Secretary and Compliance OfficerMangal Kulkarni

6 directors3 independent1 executive2 non-executive

  • Srikar Palem ReddyExecutive · joined Feb 2012 · reappointed Apr 2026 · 2 listed boards · 3 committee seats
  • Viren Rajan RahejaNon-executive · joined Jun 2008 · reappointed Jul 2025 · 3 listed boards · 5 committee seats
  • Shyam Bhupatirai GhiaNon-executive · joined May 1997 · reappointed Aug 2024 · 2 listed boards · 3 committee seats, 1 as chair
  • Sanjay Khatau Asher · ChairpersonIndependent · joined Aug 2019 · reappointed Aug 2024 · 82 months as independent · 7 listed boards · 5 as independent · 9 committee seats, 2 as chair
  • Mona Ninad DesaiIndependent · joined May 2024 · reappointed May 2024 · 25 months as independent · 2 listed boards · 2 as independent · 5 committee seats, 1 as chair
  • Surin Shailesh KapadiaIndependent · joined May 2024 · reappointed May 2024 · 25 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 4 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.

1 director who left
  • Samir Dhir, left 8 May 2026: Others

Committees and meetings

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

  • Board

    • 7 May 20266 of 7 present3 independent · 11 days in between
    • 25 Apr 20266 of 7 present3 independent · 77 days in between
    • 6 Feb 20267 of 7 present3 independent

  • Audit Committee

    Chair Surin Shailesh Kapadia

    Viren Rajan Raheja, Mona Ninad Desai, Sanjay Khatau Asher

    • 7 May 20264 of 4 present3 independent · 89 days in between
    • 6 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Surin Shailesh Kapadia

    Viren Rajan Raheja, Sanjay Khatau Asher

    • 7 May 20263 of 3 present2 independent · 11 days in between
    • 25 Apr 20263 of 3 present2 independent · 77 days in between
    • 6 Feb 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Shyam Bhupatirai Ghia

    Srikar Palem Reddy, Mona Ninad Desai

    • 7 May 20263 of 4 present1 independent · 89 days in between
    • 6 Feb 20264 of 4 present1 independent

  • Risk Management Committee

    Chair Surin Shailesh Kapadia

    Viren Rajan Raheja, Srikar Palem Reddy

    • 6 Feb 20264 of 4 present1 independent

  • Corporate Social Responsibility Committee

    Chair Mona Ninad Desai

    Srikar Palem Reddy, Shyam Bhupatirai Ghia

    • 7 May 20263 of 4 present1 independent
    • 6 Feb 20264 of 4 present1 independent

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

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • B S R & 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.

Sonata Software 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.Sonata Software dividend history

Annual general meeting, 31 Jul 2026

2,07,905 shareholders on the register on 17 Jul 2026; present: 2 promoters and 58 others; votes counted by Maitri Bhat / Maitri Bhat.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statements for the Financial Year ended 31st March, 2026
    Ordinary
    99.98% for0.02% against

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

    Turnout: all 71.66% · promoters 100.00% · institutions 92.40% · other public 32.74%

  2. Confirm payment of Interim Dividends and declaration of final dividend
    Ordinary
    99.78% for0.22% against

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

    Turnout: all 71.66% · promoters 100.00% · institutions 92.40% · other public 32.74%

  3. Appointment of Mr. Shyam Bhupatirai Ghia (DIN: 00005264) as a Director liable to retire by rotation
    Ordinary
    90.22% for9.78% against

    Against: promoters 0.00% · institutions 22.73% · other public 0.02%

    Turnout: all 71.49% · promoters 100.00% · institutions 91.91% · other public 32.74%

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, 31 Mar 2026, 1 resolution

2,08,816 shareholders on the register on 20 Feb 2026; votes counted by M V Bhat / M V Bhat.The company's voting result (opens in a new tab)

  1. RE-APPOINTMENT OF MR. P SRIKAR REDDY (DIN: 00001401) AS EXECUTIVE VICE CHAIRMAN AND WHOLE-TIME DIRECTOR OF THE COMPANY
    Ordinary
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 0.24% · other public 0.22%

    Turnout: all 72.09% · promoters 100.00% · institutions 90.72% · other public 33.86%

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, 31 Jul 2025, 4 resolutions

2,04,061 shareholders on the register on 23 Jul 2025; present: 2 promoters and 56 others; votes counted by M V Bhat / M V Bhat.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statements for the Financial Year ended 31st March, 2025.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.19% · promoters 100.00% · institutions 90.85% · other public 31.99%

  2. Declaration of dividend
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.20% · promoters 100.00% · institutions 90.85% · other public 31.99%

  3. Appointment of Mr. Viren Raheja as a Director liable to retire by rotation
    Ordinary
    99.60% for0.40% against

    Against: promoters 0.00% · institutions 0.88% · other public 0.01%

    Turnout: all 72.11% · promoters 100.00% · institutions 90.63% · other public 31.98%

  4. Appointment of M/s. GDR & Partners LLP, as the Secretarial Auditors of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.11% · promoters 100.00% · institutions 90.63% · other public 31.98%

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, 6 Aug 2024, 6 resolutions

Present: 1 promoter and 82 others.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statements for the Financial Year ended March 31, 2024.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.92% · promoters 100.00% · institutions 87.27% · other public 37.92%

  2. Declaration of dividend.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.92% · promoters 100.00% · institutions 87.27% · other public 37.92%

  3. Appointment of Mr. Shyam Bhupatirai Ghia as a Director liable to retire by rotation
    Ordinary
    83.50% for16.50% against

    Against: promoters 0.00% · institutions 38.85% · other public 0.00%

    Turnout: all 72.92% · promoters 100.00% · institutions 87.27% · other public 37.92%

  4. Appointment of Mr. Surin Shailesh Kapadia (DIN: 00770828) as an Independent Director of the Company.
    Special
    97.59% for2.41% against

    Against: promoters 0.00% · institutions 5.67% · other public 0.00%

    Turnout: all 72.92% · promoters 100.00% · institutions 87.27% · other public 37.92%

  5. Appointment of Ms. Mona Ninad Desai (DIN: 03065966) as an Independent Director of the Company.
    Special
    97.74% for2.26% against

    Against: promoters 0.00% · institutions 5.31% · other public 0.00%

    Turnout: all 72.92% · promoters 100.00% · institutions 87.27% · other public 37.92%

  6. Re-appointment of Mr. Sanjay K Asher (DIN: 00008221) as an Independent Director of the Company, for a second term of five consecutive years.
    Special
    90.99% for9.01% against

    Against: promoters 0.00% · institutions 21.21% · other public 0.00%

    Turnout: all 72.92% · promoters 100.00% · institutions 87.27% · other public 37.92%

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, 30 Nov 2023, 4 resolutions

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

  1. INCREASE IN THE AUTHORIZED SHAREnCAPITAL OF THE COMPANY
    Ordinary
    99.14% for0.86% against

    Against: promoters 0.00% · institutions 2.04% · other public 0.08%

    Turnout: all 67.75% · promoters 100.00% · institutions 87.65% · other public 28.79%

  2. ALTERATION OF THE CAPITAL CLAUSE OF THEnMEMORANDUM OF ASSOCIATION OF THE COMPANY
    Special
    99.25% for0.75% against

    Against: promoters 0.00% · institutions 1.78% · other public 0.08%

    Turnout: all 67.75% · promoters 100.00% · institutions 87.65% · other public 28.79%

  3. ALTERATION OF THE CAPITAL CLAUSE OFnTHE ARTICLES OF ASSOCIATION OF THE COMPANY
    Special
    99.25% for0.75% against

    Against: promoters 0.00% · institutions 1.78% · other public 0.08%

    Turnout: all 67.75% · promoters 100.00% · institutions 87.65% · other public 28.79%

  4. ISSUE OF BONUS SHARES
    Ordinary
    98.07% for1.93% against

    Against: promoters 0.00% · institutions 4.62% · other public 0.07%

    Turnout: all 67.75% · promoters 100.00% · institutions 87.65% · other public 28.79%

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, 31 Jul 2023, 7 resolutions

Present: 2 promoters and 60 others.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statements for the Financial Year ended 31st March, 2023
    Ordinary
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.25% · other public 0.00%

    Turnout: all 56.10% · promoters 100.00% · institutions 93.96% · other public 2.84%

  2. Declaration of final dividend and confirmation of Interim Dividend for FY 2022-23
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 56.10% · promoters 100.00% · institutions 93.96% · other public 2.84%

  3. Appointment of Mr. Viren Raheja (DIN: 00037592) as a Director liable to retire by rotation
    Ordinary
    81.60% for18.40% against

    Against: promoters 0.00% · institutions 38.66% · other public 0.13%

    Turnout: all 56.10% · promoters 100.00% · institutions 93.96% · other public 2.84%

  4. To approve the amendment to the Employee Stock Option Plan, 2013 of the Company and to authorise the ESOP Trust to purchase or acquire equity shares of the Company.
    Special
    98.18% for1.82% against

    Against: promoters 0.00% · institutions 3.70% · other public 2.68%

    Turnout: all 56.10% · promoters 100.00% · institutions 93.96% · other public 2.84%

  5. To approve and authorise the payment of managerial remuneration to Mr. Samir Dhir, Managing Director & CEO of the Company in excess of the limits prescribed under Section 197 and Schedule V of the Companies Act, 2013.MoreLess
    Special
    98.68% for1.32% against

    Against: promoters 0.00% · institutions 2.67% · other public 2.64%

    Turnout: all 55.88% · promoters 100.00% · institutions 93.19% · other public 2.84%

  6. To approve and authorise the payment of managerial remuneration to Mr. P Srikar Reddy, Executive Vice Chairman & Whole-Time Director of the Company in excess of the limits prescribed under Section 197 and Schedule V of the Companies Act, 2013.MoreLess
    Special
    98.72% for1.28% against

    Against: promoters 0.00% · institutions 2.63% · other public 1.40%

    Turnout: all 55.89% · promoters 100.00% · institutions 93.22% · other public 2.84%

  7. To approve and authorise the payment of managerial remuneration exceeding limits of overall maximum remuneration prescribed under Section 197 and Schedule V of the Companies Act, 2013.
    Special
    98.85% for1.15% against

    Against: promoters 0.00% · institutions 2.36% · other public 1.53%

    Turnout: all 55.89% · promoters 100.00% · institutions 93.22% · other public 2.84%

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, 21 Apr 2023, 2 resolutions

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

  1. Re-designation / Appointment of Mr. Samir Dhir (DIN: 03021413) as Managing Director & CEO of the Company.
    Ordinary
    99.46% for0.54% against

    Against: promoters 0.00% · institutions 1.13% · other public 0.38%

    Turnout: all 51.95% · promoters 95.15% · institutions 92.08% · other public 1.20%

  2. Appointment of Mr. P Srikar Reddy (DIN: 00001401) as Executive Vice Chairman and Whole-Time Director of the Company.
    Ordinary
    85.20% for14.80% against

    Against: promoters 0.00% · institutions 31.14% · other public 4.89%

    Turnout: all 51.95% · promoters 95.15% · institutions 92.08% · other public 1.20%

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, 2 Sep 2022, 1 resolution

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

  1. Issue of Bonus Shares
    Ordinary
    97.61% for2.39% against

    Against: promoters 0.00% · institutions 5.17% · other public 4.03%

    Turnout: all 50.13% · promoters 95.15% · institutions 83.17% · other public 1.35%

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 31 Jul 2026, 8 fund houses so far (houses' deadline to file 15 Oct 2026)

  • Adoption of Financial Statements for the Financial Year ended 31st March, 2026
    8 for0 against
  • Confirm payment of Interim Dividends and declaration of final dividend
    8 for0 against
  • Appointment of Mr. Shyam Bhupatirai Ghia (DIN: 00005264) as a Director liable to retire by rotation
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundContinuation of directorship beyond 75 years of age and proposal for re-appointment sought via Ordinary resolution instead of Special resolution as required under the legal provision.
    • Edelweiss Mutual Fund, Navi Mutual FundNo concern on the merit, profile, attendance and time-commitment of the proposed appointee. Non-Compliant with Regulation 17 (1A) of SEBI LODR Regulations, 2015: Continuation of directorship beyond 75 years of age and proposal for re-appointment sought via Ordinary resolution instead of Special resolution as required under the legal provision.
    5 for3 against

Mutual fund votes, meeting of 31 Mar 2026, 20 fund houses

  • RE-APPOINTMENT OF MR. P SRIKAR REDDY (DIN: 00001401) AS EXECUTIVE VICE CHAIRMAN AND WHOLE-TIME DIRECTOR OF THE COMPANY
    20 for0 against
6 earlier meetings

Mutual fund votes, meeting of 31 Jul 2025, 21 fund houses

  • Adoption of Financial Statements for the Financial Year ended 31st March, 2025.
    21 for0 against
  • Declaration of dividend
    21 for0 against
  • Appointment of Mr. Viren Raheja as a Director liable to retire by rotation
    21 for0 against
  • Appointment of M/s. GDR & Partners LLP, as the Secretarial Auditors of the Company.
    21 for0 against

Mutual fund votes, meeting of 6 Aug 2024, 19 fund houses

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

  • Adoption of Financial Statements for the Financial Year ended March 31, 2024.
    19 for0 against
  • Declaration of dividend.
    4 for0 against
  • Appointment of Mr. Shyam Bhupatirai Ghia as a Director liable to retire by rotation
    Against Bandhan Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on the merit of appointee. Non-compliant with law: Continuation of Director beyond 75 years of age proposed through ordinary resolution as against Special Resolution required under SEBI LODR Regulations.
    • HSBC Mutual FundThe board independence norms are not met and Shyam Ghia is a non-independent director nominee.
    15 for4 against
  • Appointment of Mr. Surin Shailesh Kapadia (DIN: 00770828) as an Independent Director of the Company.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on the merit of the appointees. Non-compliance w.r.t. Reg 36 (3) (d) of SEBI, LODR, 2015.
    16 for3 against
  • Appointment of Ms. Mona Ninad Desai (DIN: 03065966) as an Independent Director of the Company.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on the merit of the appointees. Non-compliance w.r.t. Reg 36 (3) (d) of SEBI, LODR, 2015.
    16 for3 against
  • Re-appointment of Mr. Sanjay K Asher (DIN: 00008221) as an Independent Director of the Company, for a second term of five consecutive years.
    Against Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Invesco Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, NJ Mutual Fund
    • Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund, DSP Mutual Fund, Invesco Mutual Fund, NJ Mutual FundSanjay K Asher, 60, is a Senior Partner with Crawford Bayley & Co. He has been a practicing Advocate since 1991 and was admitted as a Solicitor in 1993. He is also a qualified Chartered Accountant. He has over 30 years of experience in the field of law and corporate matters. He has attended all six board meetings held in FY24. Sanjay K Asher serves on the board of six other listed companies. Given their full-time responsibilities, regulations allow whole-time directors of listed companies to be independent directors in a maximum of three listed companies. We believe that as the Senior Partner of Crawford Bayley & Co., his responsibilities are equivalent to a whole-time directorship. Therefore, his high number of directorships on listed companies is not in keeping with the spirit of the regulation. Therefore, we do not support his reappointment.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual FundNo concern on the merit of the appointee. Non-compliance w.r.t. Reg 36 (3) (d) of SEBI, LODR, 2015. Governance Concern: Excessive time commitment.
    • Edelweiss Mutual FundLack of related knowledge and expertise.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    8 for11 against
2 proposals not matched to one resolution
  • To confirm the payment of Interim Dividend of C 7/- (Seven Rupees only) per equity share of par value of C 1/- each already paid, and to declare additional Final Dividend of C 4.40/- (Four Rupees & Forty Paisa only) per equity share of par value of C 1/- each for the Financial Year ended March 31, 2024.MoreLess
    1 for0 against
  • To confirm the payment of Interim Dividend of Rs. 7/- per equity share of par value of Rs. 1/- each already paid, and to declare additional Final Dividend of Rs. 4.40/- per equity share of par value of Rs. 1/- each for the Financial Year ended March 31, 2024.MoreLess
    14 for0 against

Mutual fund votes, meeting of 30 Nov 2023, 13 fund houses

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

  • INCREASE IN THE AUTHORIZED SHAREnCAPITAL OF THE COMPANY
    3 for0 against
  • ALTERATION OF THE CAPITAL CLAUSE OF THEnMEMORANDUM OF ASSOCIATION OF THE COMPANY
    12 for0 against
  • ALTERATION OF THE CAPITAL CLAUSE OFnTHE ARTICLES OF ASSOCIATION OF THE COMPANY
    13 for0 against
  • ISSUE OF BONUS SHARES
    13 for0 against
3 proposals not matched to one resolution
  • ALTERATION OF THE CAPITAL CLAUSE OF THE MEMORANDUM OF ASSOCIATION OF THE COMPANY
    1 for0 against
  • INCREASE IN THE AUTHORIZED SHARE CAPITAL OF THE COMPANY
    1 for0 against
  • Increase to Rs.50,00,00,000 divided into Rs.50,00,00,000 equity shares of Rs.1/- each, from Rs.15,00,00,000 divided into 15,00,00,000 equity shares of Rs.1/- each, by creation of additional 35,00,00,000 equity shares of Rs.1/- each, aggregating to Rs.35,00,00,000.MoreLess
    9 for0 against

Mutual fund votes, meeting of 31 Jul 2023, 10 fund houses

  • Adoption of Financial Statements for the Financial Year ended 31st March, 2023
    10 for0 against
  • Declaration of final dividend and confirmation of Interim Dividend for FY 2022-23
    10 for0 against
  • Appointment of Mr. Viren Raheja (DIN: 00037592) as a Director liable to retire by rotation
    Against HSBC Mutual Fund
    • HSBC Mutual FundWe have concerns about insufficient independence on the board, nomination and remuneration committee.
    9 for1 against
  • To approve the amendment to the Employee Stock Option Plan, 2013 of the Company and to authorise the ESOP Trust to purchase or acquire equity shares of the Company.
    Against Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Kotak Mahindra Mutual FundAmending the Clause 3.3 of the ESOP Scheme would permit the ESOP Trust to acquire shares from any other persons as well; thus, making the ESOP Scheme non-compliant with the law.
    • Motilal Oswal Mutual FundProposed amendment will render ESOP Scheme Non-Compliant with law.
    • Nippon India Mutual FundAmmendment may permit the ESOP Trust to acquire shares from any other persons as well
    7 for3 against
  • To approve and authorise the payment of managerial remuneration to Mr. Samir Dhir, Managing Director & CEO of the Company in excess of the limits prescribed under Section 197 and Schedule V of the Companies Act, 2013.MoreLess
    Against Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Kotak Mahindra Mutual FundThough compliant with law. The resolution has governance concern as we cannot ascertain the quantum of benefit for proposed duration. Generally, such approvals should be sought for a single year. Hence voting against on governance concern.
    • Motilal Oswal Mutual FundCompliant with law. Governance concern: Cannot ascertain the quantum of benefit for proposed duration. Generally, such approvals should be sought for a single year.
    • Nippon India Mutual FundApprovals should be sought for a single year
    7 for3 against
  • To approve and authorise the payment of managerial remuneration to Mr. P Srikar Reddy, Executive Vice Chairman & Whole-Time Director of the Company in excess of the limits prescribed under Section 197 and Schedule V of the Companies Act, 2013.MoreLess
    Against Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Kotak Mahindra Mutual FundThough compliant with law. The resolution has governance concern as we cannot ascertain the quantum of benefit for proposed duration. Generally, such approvals should be sought for a single year. Hence voting against on governance concern.
    • Motilal Oswal Mutual FundCompliant with law. Governance concern: Cannot ascertain the quantum of benefit for proposed duration. Generally, such approvals should be sought for a single year.
    • Nippon India Mutual FundApprovals should be sought for a single year
    7 for3 against
  • To approve and authorise the payment of managerial remuneration exceeding limits of overall maximum remuneration prescribed under Section 197 and Schedule V of the Companies Act, 2013.
    Against Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Kotak Mahindra Mutual FundThough compliant with law. The resolution has governance concern as we cannot ascertain the quantum of benefit for proposed duration. Generally, such approvals should be sought for a single year. Hence voting against on governance concern.
    • Motilal Oswal Mutual FundCompliant with law. Governance concern: Cannot ascertain the quantum of benefit for proposed duration. Generally, such approvals should be sought for a single year.
    • Nippon India Mutual FundApprovals should be sought for a single year
    7 for3 against

Mutual fund votes, meeting of 21 Apr 2023, 9 fund houses

  • Re-designation / Appointment of Mr. Samir Dhir (DIN: 03021413) as Managing Director & CEO of the Company.
    9 for0 against
  • Appointment of Mr. P Srikar Reddy (DIN: 00001401) as Executive Vice Chairman and Whole-Time Director of the Company.
    Against HSBC Mutual Fund
    • HSBC Mutual FundA vote AGAINST this resolution is warranted because the board independence norms are not met(after reclassification of tenured directors), and P. Srikar Reddy is a non-independent director nominee.
    8 for1 against

Mutual fund votes, meeting of 2 Sep 2022, 9 fund houses

  • Issue of Bonus Shares
    9 for0 against

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

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
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.