Share price at the NSE close on 23 Oct 2026. Previous close ₹4,064.60.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹44,233 Cr192nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 7 Aug 2026
- 19.9
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 25 May 2026
- 3.0
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.00%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 7 Aug 2026
- 15.8%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 4.60%
- Cost of fundsCost of funds. Interest paid ÷ the average of what the company pays interest on × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 7.26%
- Credit costCredit cost. What was set aside for loans that may not be repaid ÷ average loans given × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 0.80%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026.
- 2.56%
- LeverageAssets per rupee of net worth. Average total assets ÷ average net worth: rupees of assets for each rupee of net worth; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 5.74times net worth
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 36,94158.9% delivered
Sundaram Finance 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
- ChairpersonSanthanam Viji
- Managing directorRajiv C Lochan
- Company Secretary and Compliance OfficerP N SRIKANT
12 directors6 independent3 executive3 non-executive
- Santhanam Viji · ChairpersonNon-executive · joined Jan 1986 · reappointed Aug 2024 · 2 listed boards · 1 committee seat, 1 as chair
- T T SrinivasaraghavanNon-executive · joined Feb 1998 · reappointed Jul 2025 · 4 listed boards · 2 as independent · 2 committee seats
- Srivats RamNon-executive · joined Mar 2022 · reappointed Aug 2024 · 4 listed boards · 2 committee seats
- Raghuttama Rao RaghavendraIndependent · joined Apr 2019 · reappointed Apr 2024 · 87 months as independent · 3 listed boards · 3 as independent · 4 committee seats
- L GaneshIndependent · joined Aug 2020 · reappointed Aug 2025 · 70 months as independent · 3 listed boards · 1 as independent · 3 committee seats, 2 as chair
- B BhavaniIndependent · joined Feb 2023 · reappointed Feb 2023 · 40 months as independent · 3 listed boards · 3 as independent · 1 committee seat, 2 as chair
- Kshama FernandesIndependent · joined Aug 2023 · reappointed Aug 2023 · 34 months as independent · 2 listed boards · 2 as independent · 3 committee seats
- R VenkatramanIndependent · joined Feb 2024 · reappointed Feb 2024 · 28 months as independent · 2 listed boards · 2 as independent
- Anuradha RaoIndependent · joined Apr 2024 · reappointed Apr 2024 · 26 months as independent · 3 listed boards · 2 as independent · 3 committee seats
- Harsha VijiExecutive · joined Sep 2010 · reappointed Apr 2026 · 4 listed boards
- Rajiv C Lochan · Managing directorExecutive · joined Jun 2020 · reappointed Apr 2026 · 1 listed board · 1 committee seat
- A N RajuExecutive · joined Jun 2014 · reappointed Apr 2026 · 2 listed boards · 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
- 25 May 202612 of 12 present6 independent · 30 days in between
- 24 Apr 202612 of 12 present6 independent · 27 days in between
- 27 Mar 202612 of 12 present6 independent · 52 days in between
- 2 Feb 202612 of 12 present6 independent
Audit Committee
Chair B Bhavani
Raghuttama Rao Raghavendra, Kshama Fernandes
- 22 May 20263 of 3 present3 independent · 34 days in between
- 17 Apr 20263 of 3 present3 independent · 24 days in between
- 23 Mar 20263 of 3 present3 independent · 52 days in between
- 29 Jan 20263 of 3 present3 independent
Nomination and remuneration committee
Chair R Venkatraman
L Ganesh, Santhanam Viji
- 21 May 20262 of 3 present2 independent · 117 days in between
- 23 Jan 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair L Ganesh
Rajiv C Lochan, A N Raju
No meeting listed in the filing.
Risk Management Committee
Chair Rajiv C Lochan
Raghuttama Rao Raghavendra, A N Raju, M Ramaswamy
- 18 Jun 20263 of 3 present1 independent · 91 days in between
- 18 Mar 20263 of 3 present1 independent
Corporate Social Responsibility Committee
Chair Harsha Viji
L Ganesh, T T Srinivasaraghavan, Rajiv C Lochan, A N Raju
- 25 May 20265 of 5 present1 independent · 111 days in between
- 2 Feb 20265 of 5 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 auditors
Named in the results for the quarter to Jun 2026.
- M/s RGN Price & CoPeer-review certificate valid to Mar 2028
- M/s Brahmayya & CoPeer-review certificate valid to Apr 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.
Sundaram Finance 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.Sundaram Finance dividend history
Annual general meeting, 22 Jul 2026
57,064 shareholders on the register on 15 Jul 2026; present: 29 promoters and 83 others; votes counted by TK Bhaskar / H and B Associates.The company's voting result (opens in a new tab)
- Adoption of Audited Standalone and Consolidated Financial Statements for the financial year ended 31.03.2026Ordinary99.97% for0.04% against
Against: promoters 0.00% · institutions 0.10% · other public 0.00%
Turnout: all 65.24% · promoters 95.01% · institutions 83.35% · other public 20.04%
- Declaration of final dividend for the financial year ended 31.03.2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.26% · promoters 95.01% · institutions 83.41% · other public 20.04%
- Re-Appointment of Mr. Harsha Viji as Director, liable to retire by rotationOrdinaryPromoters have an interest in it90.20% for9.80% against
Against: promoters 0.00% · institutions 27.21% · other public 0.07%
Turnout: all 62.45% · promoters 87.53% · institutions 83.40% · other public 20.04%
- Re-Appointment of Mr. Rajiv C. Lochan as Director, liable to retire by rotationOrdinary99.78% for0.22% against
Against: promoters 0.00% · institutions 0.61% · other public 0.04%
Turnout: all 65.24% · promoters 95.01% · institutions 83.40% · other public 19.99%
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, 12 Mar 2026, 3 resolutions
59,236 shareholders on the register on 6 Feb 2026; votes counted by T. K. Bhaskar / H&B Partners.The company's voting result (opens in a new tab)
- Re-appointment of Mr. Harsha Viji (holding DIN: 00602484) as Executive Vice Chairman, for a term of five (5) consecutive years with effect from 1st April, 2026.OrdinaryPromoters have an interest in it98.92% for1.08% against
Against: promoters 0.00% · institutions 3.11% · other public 0.06%
Turnout: all 67.57% · promoters 85.98% · institutions 86.27% · other public 34.06%
- Re-appointment of Mr. Rajiv C. Lochan (holding DIN: 05309534) as Managing Director, for a term of five (5) consecutive years with effect from 1st April, 2026.Ordinary98.99% for1.01% against
Against: promoters 0.00% · institutions 3.01% · other public 0.06%
Turnout: all 69.65% · promoters 91.58% · institutions 86.27% · other public 34.02%
- Re-appointment of Mr. A. N. Raju (holding DIN: 00036201) for a term of four (4) consecutive years with effect from 1st April, 2026 and his elevation as Joint Managing Director.Special99.01% for0.99% against
Against: promoters 0.00% · institutions 2.95% · other public 0.06%
Turnout: all 69.63% · promoters 91.58% · institutions 86.25% · other public 33.95%
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, 23 Jul 2025, 7 resolutions
57,650 shareholders on the register on 16 Jul 2025; present: 30 promoters and 83 others; votes counted by TK Bhaskar / H and B Associates.The company's voting result (opens in a new tab)
- Adoption of Audited Standalone and Consolidated Financial Statements for the financial year ended 31.03.2025Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.06% · other public 0.00%
Turnout: all 64.74% · promoters 93.26% · institutions 82.50% · other public 21.48%
- Declaration of final dividend for the financial year ended 31.03.2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.77% · promoters 93.26% · institutions 82.62% · other public 21.48%
- Re-Appointment of Mr. T.T. Srinivasaraghavan as Director, liable to retire by rotationOrdinaryPromoters have an interest in it99.37% for0.63% against
Against: promoters 0.00% · institutions 1.82% · other public 0.04%
Turnout: all 64.32% · promoters 92.11% · institutions 82.54% · other public 21.48%
- Re-appointment of Mr. A. N. Raju as a Director, liable to retire by rotationOrdinary99.81% for0.19% against
Against: promoters 0.00% · institutions 0.56% · other public 0.04%
Turnout: all 64.72% · promoters 93.26% · institutions 82.54% · other public 21.37%
- Re-appointment of Mr. Ganesh Lakshminarayan as Independent DirectorSpecial98.55% for1.45% against
Against: promoters 0.00% · institutions 4.24% · other public 0.04%
Turnout: all 64.75% · promoters 93.26% · institutions 82.54% · other public 21.48%
- Appointment of Secretarial AuditorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.75% · promoters 93.26% · institutions 82.54% · other public 21.48%
- Increase in Borrowing LimitsSpecial99.01% for0.99% against
Against: promoters 0.00% · institutions 2.91% · other public 0.03%
Turnout: all 64.74% · promoters 93.26% · institutions 82.51% · other public 21.48%
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 2024, 7 resolutions
Present: 42 promoters and 75 others.The company's voting result (opens in a new tab)
- Adoption of Audited Standalone and Consolidated Financial Statements for the financial year ended 31.03.2024Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 70.52% · promoters 98.37% · institutions 77.48% · other public 36.38%
- Declaration of dividend for the financial year ended 31.03.2024Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 70.57% · promoters 98.37% · institutions 77.68% · other public 36.38%
- Appointment of Joint Statutory AuditorsOrdinary99.30% for0.70% against
Against: promoters 0.00% · institutions 2.40% · other public 0.00%
Turnout: all 70.53% · promoters 98.37% · institutions 77.51% · other public 36.38%
- Re-appointment of Mr. S. Viji as a Director, liable to retire by rotationSpecialPromoters have an interest in it98.75% for1.25% against
Against: promoters 0.00% · institutions 4.23% · other public 0.00%
Turnout: all 69.36% · promoters 95.27% · institutions 77.51% · other public 36.38%
- Re-appointment of Mr. Srivats Ram as a Director, liable to retire by rotationOrdinaryPromoters have an interest in it98.88% for1.12% against
Against: promoters 0.00% · institutions 3.77% · other public 0.00%
Turnout: all 68.91% · promoters 94.08% · institutions 77.51% · other public 36.38%
- Approval for revision in the scale of basic salary payable to Mr. Harsha Viji, Executive Vice Chairman, with effect from 01.04.2025OrdinaryPromoters have an interest in it99.56% for0.44% against
Against: promoters 0.00% · institutions 1.46% · other public 0.01%
Turnout: all 68.89% · promoters 94.00% · institutions 77.51% · other public 36.38%
- Increase in Borrowing LimitsSpecial99.26% for0.74% against
Against: promoters 0.00% · institutions 2.55% · other public 0.01%
Turnout: all 70.53% · promoters 98.37% · institutions 77.49% · other public 36.38%
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 2024, 1 resolution
The company's voting result (opens in a new tab)
- Appointment of Ms. Anuradha Rao (holding DIN: 07597195) as an Independent Director of the Company to hold office for a term of five (5) consecutive years with effect from 1st April 2024.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.10%
Turnout: all 62.38% · promoters 97.55% · institutions 78.46% · other public 13.07%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 22 Mar 2024, 3 resolutions
The company's voting result (opens in a new tab)
- Re-classification of Mr. Jaideep Chakravarthy, Promoter, as Public.OrdinaryPromoters have an interest in it94.15% for5.85% against
Against: promoters 0.00% · institutions 16.73% · other public 0.01%
Turnout: all 58.80% · promoters 90.38% · institutions 80.50% · other public 10.23%
- Appointment of Mr. R. Venkatraman (holding DIN: 07119686) as an Independent Director of the Company to hold office for a term of five (5) consecutive years with effect from 5th February 2024.Special78.17% for21.83% against
Against: promoters 0.00% · institutions 63.76% · other public 0.01%
Turnout: all 60.03% · promoters 92.01% · institutions 80.50% · other public 11.90%
- Re-appointment of Mr. R. Raghuttama Rao (holding DIN: 00146230) as an Independent Director of the Company to hold office for a further term of five (5) consecutive years with effect from 01.04.2024Special94.27% for5.73% against
Against: promoters 0.00% · institutions 16.73% · other public 0.01%
Turnout: all 60.03% · promoters 92.01% · institutions 80.50% · other public 11.90%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 21 Sep 2023, 2 resolutions
The company's voting result (opens in a new tab)
- Appointment of Dr. Kshama Fernandes (holding DIN: 02539429) as an Independent Director of the Company to hold office for a term of five (5) consecutive years with effect from 11th August 2023Special99.97% for0.03% against
Against: promoters 0.00% · institutions 0.08% · other public 0.05%
Turnout: all 63.23% · promoters 95.72% · institutions 85.49% · other public 12.91%
- Reclassification of Mr. Pradeep Chakravarthy, Promoter, as PublicOrdinaryPromoters have an interest in it99.97% for0.03% against
Against: promoters 0.00% · institutions 0.08% · other public 0.04%
Turnout: all 62.00% · promoters 92.56% · institutions 85.49% · other public 12.91%
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, 21 Jul 2023, 7 resolutions
Present: 43 promoters and 79 others.The company's voting result (opens in a new tab)
- ADOPTION OF ACCOUNTS FOR THE FINANCIAL YEAR 2022 -23Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 55.11% · promoters 89.14% · institutions 67.10% · other public 10.34%
- DECLARATION OF FINAL DIVIDEND FOR THE FINANCIAL YEAR 2022-23Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 55.11% · promoters 89.14% · institutions 67.12% · other public 10.34%
- RE-APPOINTMENT OF MR. HARSHA VIJI AS A DIRECTOR LIABLE TO RETIRE BY ROTATIONOrdinaryPromoters have an interest in it97.22% for2.78% against
Against: promoters 0.00% · institutions 8.87% · other public 0.00%
Turnout: all 53.47% · promoters 84.91% · institutions 67.12% · other public 10.34%
- RE-APPOINTMENT OF MR. RAJIV C. LOCHAN AS A DIRECTOR LIABLE TO RETIRE BY ROTATIONOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.01% · other public 0.00%
Turnout: all 55.10% · promoters 89.14% · institutions 67.12% · other public 10.30%
- APPROVAL AND CONSENT TO THE CHANGE IN THE TERMS OF REMUNERATION RELATING TO THE LIMITS FOR GRANTING LONG TERM INCENTIVES AND ESOPS TO THE WHOLE-TIME DIRECTORSOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.01% · other public 0.00%
Turnout: all 50.33% · promoters 76.96% · institutions 67.12% · other public 10.20%
- AMENDMENT TO THE ARTICLES OF ASSOCIATION OF THE COMPANYSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 55.11% · promoters 89.14% · institutions 67.12% · other public 10.34%
- INCREASE IN BORROWING LIMITSSpecial99.95% for0.05% against
Against: promoters 0.00% · institutions 0.17% · other public 0.00%
Turnout: all 55.11% · promoters 89.14% · institutions 67.12% · other public 10.34%
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 22 Jul 2026, 14 fund houses so far (houses' deadline to file 15 Oct 2026)
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Adoption of Audited Standalone and Consolidated Financial Statements for the financial year ended 31.03.202613 for0 against
- Declaration of final dividend for the financial year ended 31.03.202614 for0 against
- Re-Appointment of Mr. Harsha Viji as Director, liable to retire by rotation14 for0 against
- Re-Appointment of Mr. Rajiv C. Lochan as Director, liable to retire by rotation14 for0 against
1 proposal not matched to one resolution
- Accept Financial Statements and Statutory Reports1 for0 against
Mutual fund votes, meeting of 12 Mar 2026, 25 fund houses
- Re-appointment of Mr. Harsha Viji (holding DIN: 00602484) as Executive Vice Chairman, for a term of five (5) consecutive years with effect from 1st April, 2026.
Against Bank of India Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund
- Bank of India Mutual Fund, Jio BlackRock Mutual FundHarsha Viji, 50, is the Executive Vice Chairperson and a part of the promoter group. He is the son of S. Viji, promoter and Chairperson. He was first appointed as Deputy Managing Director in July 2015 and was redesignated as the Executive Vice Chairperson from 1 April 2021. He has attended all seven board meetings (100%) in FY25 and all five board meetings (100%) held in FY26 till the date of the notice.Harsha Viji drew a remuneration of Rs. 80.0 mn in FY25. We estimate his FY26 remuneration at Rs. 95.2 mn, and his FY27 remuneration at Rs. 196.7 mn, as per the proposed terms. At the 2023 AGM, the shareholders had approved a long-term incentive payout for Harsha Viji, which was capped at 15.0 mn. Now the company proposes to pay Harsha Viji a long-term incentive at 0.25% of net profits, with no absolute cap.While we support Harsha Viji’s reappointment, we do not support the remuneration terms. His proposed remuneration entitles him to commission at 1% of profits, which is high. The company must assign an absolute cap on his commission, long-term incentive components or his overall pay and set a performance threshold for variable payout. Therefore, we do not support the resolution.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
22 for3 against - Re-appointment of Mr. Rajiv C. Lochan (holding DIN: 05309534) as Managing Director, for a term of five (5) consecutive years with effect from 1st April, 2026.
Against Bank of India Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund
- Bank of India Mutual Fund, Jio BlackRock Mutual FundRajiv C Lochan, 51, is currently serving as Managing Director. He has three decades of experience in the areas of finance, social sector, and public health. He has previously served as MD & CEO of The Hindu Group and Partner at McKinsey & Company. He has been on the board since November 2016. He has attended all seven board meetings (100%) in FY25 and all five board meetings (100%) held in FY26 till the date of the notice.Rajiv C Lochan drew a remuneration of Rs. 64.3 mn in FY25, including the fair value of options. We estimate his FY26 remuneration at Rs. 79.2 mn, and his FY27 remuneration at Rs. 162.4 mn, as per the proposed terms. At the 2023 AGM, the shareholders had approved a long-term incentive payout for Rajiv C Lochan, which was capped at 10.0 mn. Now the company proposes to pay Rajiv C Lochan long-term incentive at 0.20% of net profits, with no absolute cap.While we support Rajiv C Lochan’s reappointment, we do not support the remuneration terms. His proposed remuneration entitles him to commission at 1% of profits, which is high. The company must assign an absolute cap on his commission, long-term incentive components or his overall pay and set a performance threshold for variable payout. While we acknowledge that Rajiv C. Lochan is a professional, we note that the quantum of variable remuneration may, over time, become significant. Therefore, we do not support the resolution.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
22 for3 against - Re-appointment of Mr. A. N. Raju (holding DIN: 00036201) for a term of four (4) consecutive years with effect from 1st April, 2026 and his elevation as Joint Managing Director.
Against Bank of India Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund
- Bank of India Mutual Fund, Jio BlackRock Mutual FundA. N. Raju, 66, is currently serving as Deputy Managing Director. He has four decades of experience in automobile, engineering, finance and general management. He has served on the board since June 2014. He has attended all seven board meetings (100%) in FY25 and all five board meetings (100%) held in FY26 till the date of the notice. The company proposes to reappoint and redesignate A. N. Raju as Joint Managing Director for four years from 1 April 2026, fix his remuneration and seek approval for his continuation on the board after he completes 70 years of age.A. N. Raju drew a remuneration of Rs. 47.7 mn in FY25, including the fair value of options. We estimate his FY26 remuneration at Rs. 52.8 mn, and his FY27 remuneration at Rs. 121.0 mn, as per the proposed terms. At the 2023 AGM, the shareholders had approved a long-term incentive payout for A. N. Raju, which was capped at 5.0 mn. Now the company proposes to pay A. N. Raju long-term incentive at 0.15% of net profits, with no absolute cap.While we support A. N. Raju’s reappointment, we do not support the remuneration terms. His proposed remuneration entitles him to commission at 1% of profits, which is high. The company must assign an absolute cap on his commission, long-term incentive components or his overall pay and set a performance threshold for variable payout. While we acknowledge that A. N. Raju’s is a professional, we note that the quantum of variable remuneration may, over time, become significant. Therefore, we do not support the resolution.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
22 for3 against
6 earlier meetings
Mutual fund votes, meeting of 23 Jul 2025, 23 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Adoption of Audited Standalone and Consolidated Financial Statements for the financial year ended 31.03.202522 for0 against
- Declaration of final dividend for the financial year ended 31.03.202523 for0 against
- Re-Appointment of Mr. T.T. Srinivasaraghavan as Director, liable to retire by rotation23 for0 against
- Re-appointment of Mr. A. N. Raju as a Director, liable to retire by rotation23 for0 against
- Re-appointment of Mr. Ganesh Lakshminarayan as Independent Director23 for0 against
- Appointment of Secretarial Auditor23 for0 against
- Increase in Borrowing Limits4 for0 against
2 proposals not matched to one resolution
- Accept Financial Statements and Statutory Reports1 for0 against
To borrow moneys, including foreign currency loans, for the purposes of the Company, from time to time, notwithstanding that the moneys to be borrowed together with the moneys already borrowed, apart from temporary loans obtained from the Company’s bankers in the ordinary course of business, will or may exceed the aggregate of the paid-up capital of the Company and its free reserves, provided however, that the aggregate of the amounts so borrowed and to be borrowed and outstanding at any time (excluding exchange fluctuations in respect of foreign currency loans), apart from temporary loans obtained from the Company’s bankers in the ordinary course of business, shall not exceed Rs. 70,000 cr.MoreLess
19 for0 against
Mutual fund votes, meeting of 14 Aug 2024, 20 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Adoption of Audited Standalone and Consolidated Financial Statements for the financial year ended 31.03.202418 for0 against
- Declaration of dividend for the financial year ended 31.03.202417 for0 against
- Appointment of Joint Statutory Auditors
Against Edelweiss Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Taurus Mutual Fund
- Edelweiss Mutual FundMultiple resolutions clubbed in one resolution
- Groww Mutual FundCompliant with law. Transparency Concern: No clarity regarding distribution / allocation of audit remuneration among joint auditors.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
- Taurus Mutual FundBrahmayya & Co. and R. G. N Price & Co. replace B. K. Khare & Co. and N. C. Rajagopal & Co as the Joint Statutory upon completion of their outgoing auditors’ three-year term. The outgoing auditors were paid aggregate remuneration of Rs. 14.0 mn in FY24. The joint statutory auditors shall be paid Rs. 10.0 mn towards statutory audit and Rs. 0.15 mn towards tax audit (excluding certifications and reimbursements) for FY25. The remuneration for the subsequent years will be mutually decided by the auditors and board of directors. The remuneration is in line with the complexity and scale of the business. Notwithstanding, we note that one of the Joint statutory Auditors: Brahmayya & Co. have been statutory auditors of Sundaram Finance and / or its subsidiaries since FY13. While the appointment is in line with statutory requirements, we raise concerns over auditor independence and objectivity given Brahmayya & Co.’s long and continued association with the group. Although we support the appointment of R G N Price & Co, since the overall association of Brahmayya & Co. with the group exceeds ten years, we are unable to support the resolution.
15 for4 against - Re-appointment of Mr. S. Viji as a Director, liable to retire by rotation
Against Groww Mutual Fund, Motilal Oswal Mutual Fund, Zerodha Mutual Fund
- Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Chairman related to Executive Director.
- Zerodha Mutual FundGovernance Concern: Chairman related to Executive Director.
17 for3 against - Re-appointment of Mr. Srivats Ram as a Director, liable to retire by rotation20 for0 against
- Approval for revision in the scale of basic salary payable to Mr. Harsha Viji, Executive Vice Chairman, with effect from 01.04.202520 for0 against
- Increase in Borrowing Limits5 for0 against
8 proposals not matched to one resolution
- Item 1, as a fund house numbered it1 for0 against
- Item 2, as a fund house numbered it1 for0 against
- Item 7, as a fund house numbered it1 for0 against
- 2) Confirm interim dividend of Rs. 14.0 per share and declare final dividend of Rs. 16.0 per equity share (face value Rs. 10.0) for FY24.1 for0 against
- Accept Financial Statements and Statutory Reports1 for0 against
- Approve Brahmayya & Co., Chartered Accountants, Chennai and R.G.N Price & Co., Chartered Accountants, Chennai as Auditors and Authorize Board to Fix Their Remuneration1 for0 against
- Confirm interim dividend of Rs. 14.0 per share and declare final dividend of Rs. 16.0 per equity share (face value Rs. 10.0) for FY241 for0 against
To borrowing moneys, including foreign currency loans, for the purposes of the Company, from time to time, notwithstanding that the moneys to be borrowed together with the moneys already borrowed, apart from temporary loans obtained from the Company’s bankers in the ordinary course of business, shall not exceed Rs. 60,000 cr.MoreLess
14 for0 against
Mutual fund votes, meeting of 13 May 2024, 21 fund houses
- Appointment of Ms. Anuradha Rao (holding DIN: 07597195) as an Independent Director of the Company to hold office for a term of five (5) consecutive years with effect from 1st April 2024.21 for0 against
Mutual fund votes, meeting of 22 Mar 2024, 20 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Re-classification of Mr. Jaideep Chakravarthy, Promoter, as Public.
Against Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Zerodha Mutual Fund
- Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance concern: Promoters seeking partial re-classification; Inadequate disclosure on relation of promoters.
- Kotak Mahindra Mutual FundOut of the total shareholding of 1.23% held by Mr. Jaideep Chakravarthy and his relative, 0.60% is owned by Mr. Pradeep Chakravarthy, and 0.63% is owned by Mr. Jaideep Chakravarthy. The Company has not disclosed the relationship between Jaideep Chakravarthy and Pradeep Chakravarthy in its Notice. Furthermore, it appears that the Company is seeking partial reclassification amongst the Promoters. Such partial re-classification of the Promoter is not in the spirit of law as it allows one promoter to be a part of public category while the other remains in the promoter category. Hence voting against.
- Zerodha Mutual FundThe Company has not disclosed the relationship between Jaideep Chakravarthy and his relatives which raises governance concern over the Partial Re-classification of the Promoter.
16 for4 against - Appointment of Mr. R. Venkatraman (holding DIN: 07119686) as an Independent Director of the Company to hold office for a term of five (5) consecutive years with effect from 5th February 2024.
Against Axis Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mahindra Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund, Zerodha Mutual Fund
- Axis Mutual Fund, Bank of India Mutual FundR Venkatraman, 62, is the former head of KPMG India’s consulting practice and the co-head of their risk advisory services. He was Partner at Kearney and Andersen Business Consulting. He has forty years of experience in consulting and advisory. He was serving on the board of Sundaram Fund Services Limited, a wholly owned subsidiary, from March 2015 to March 2020 and he is serving on the board of Sundaram Finance Holdings Limited, a subsidiary, since 16 February 2017. Thus, R Venkatraman’s association with the Group will cross nine years in March 2024. We do not support rotation of tenured Independent Directors within the group as we believe that this is not in line with the spirit of the regulations.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundAppointment compliant with law. Governance concern: Prolonged association with the Group.
- HSBC Mutual FundRamachandran Venkatraman's current appointment will exceed his association with the company (including tenure at the subsidiary) for more than ten years thus affecting his independence.
- ICICI Prudential Mutual FundR Venkatraman has served on the board of Sundaram Fund Services Limited, a wholly owned subsidiary of Sundaram Finance, from March 2015 to March 2020. Including the first term as Independent Director of Sundaram Finance Limited, Mr. Venkatraman’s association with Sundaram Finance Group will complete nine years in March 2024. The AMC does not support rotation of tenured Independent Directors within the group and hence, the AMC has voted against this agenda item.
- Kotak Mahindra Mutual FundHe has been an Director on the company board for more than 10 years, we believe that the length of tenure is inversely proportionate to the independence of a director. If the company believes that it will benefit from him serving on the board, it must reappoint him as a Non-Independent director. Hence voting against.
- Mirae Asset Mutual FundAs per advisory recommendation (passive holding)
- Nippon India Mutual FundProlonged association with the group
- SBI Mutual FundR Venkatraman, 62, is the former head of KPMG India’s consulting practice and the co-head of their risk advisory services. He was Partner at Kearney and Andersen Business Consulting. He has forty years of experience in consulting and advisory. He was serving on the board of Sundaram Fund Services Limited, a wholly owned subsidiary, from March 2015 to March 2020 and he is serving on the board of Sundaram Finance Holdings Limited, a subsidiary, since 16 February 2017. Thus, R Venkatraman’s association with the Group will cross nine years in March 2024. We do not support rotation of tenured Independent Directors within the group as we believe that this is not in line with the spirit of the regulations. This is why we do not support the resolution.
- Zerodha Mutual FundThe existence of prolonged associations with the Company/Group may infringe on the Independence of the proposed appointee.
7 for12 against - Re-appointment of Mr. R. Raghuttama Rao (holding DIN: 00146230) as an Independent Director of the Company to hold office for a further term of five (5) consecutive years with effect from 01.04.2024
Against Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Zerodha Mutual Fund
- Groww Mutual Fund, Motilal Oswal Mutual FundRe-appointment compliant with law. Governance concern: Prolonged association with the Group.
- Kotak Mahindra Mutual FundAlthough Mr. Rao has been on the board of the company since 2019 and is eligible for another 5 year term. His association another group company has been since 2018 (6 years) and by the end of the term he would be associated for more than 10 years with the group. Hence due to prolonged association , voting against.
- Zerodha Mutual FundThe existence of prolonged associations with the Company/Group may infringe on the Independence of the proposed appointee.
15 for4 against
2 proposals not matched to one resolution
- Item 2, as a fund house numbered it
Against Taurus Mutual Fund
- Taurus Mutual FundR Venkatraman, 62, is the former head of KPMG India’s consulting practice and the co-head of their risk advisory services. He was Partner at Kearney and Andersen Business Consulting. He has forty years of experience in consulting and advisory. He was serving on the board of Sundaram Fund Services Limited, a wholly owned subsidiary, from March 2015 to March 2020 and he is serving on the board of Sundaram Finance Holdings Limited, a subsidiary, since 16 February 2017. Thus, R Venkatraman’s association with the Group will cross nine years in March 2024. We do not support rotation of tenured Independent Directors within the group as we believe that this is not in line with the spirit of the regulations.
0 for1 against - Item 3, as a fund house numbered it1 for0 against
Mutual fund votes, meeting of 21 Sep 2023, 21 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Appointment of Dr. Kshama Fernandes (holding DIN: 02539429) as an Independent Director of the Company to hold office for a term of five (5) consecutive years with effect from 11th August 202319 for0 against
- Reclassification of Mr. Pradeep Chakravarthy, Promoter, as Public20 for0 against
2 proposals not matched to one resolution
- Item 1, as a fund house numbered it1 for0 against
1. Appointment of Dr. Kshama Fernandes (holding DIN: 02539429) as an Independent Director of the Company to hold office for a term of five (5) consecutive years with effect from 11th August 2023. 2. Reclassification of Mr. Pradeep Chakravarthy, Promoter, as Public.MoreLess
1 for0 against
Mutual fund votes, meeting of 21 Jul 2023, 18 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- ADOPTION OF ACCOUNTS FOR THE FINANCIAL YEAR 2022 -234 for0 against
- DECLARATION OF FINAL DIVIDEND FOR THE FINANCIAL YEAR 2022-2317 for0 against
- RE-APPOINTMENT OF MR. HARSHA VIJI AS A DIRECTOR LIABLE TO RETIRE BY ROTATION
Against HSBC Mutual Fund
- HSBC Mutual FundWe have concerns about insufficient independence on the board.
16 for1 against - RE-APPOINTMENT OF MR. RAJIV C. LOCHAN AS A DIRECTOR LIABLE TO RETIRE BY ROTATION17 for0 against
- APPROVAL AND CONSENT TO THE CHANGE IN THE TERMS OF REMUNERATION RELATING TO THE LIMITS FOR GRANTING LONG TERM INCENTIVES AND ESOPS TO THE WHOLE-TIME DIRECTORS17 for0 against
- AMENDMENT TO THE ARTICLES OF ASSOCIATION OF THE COMPANY17 for0 against
- INCREASE IN BORROWING LIMITS4 for0 against
9 proposals not matched to one resolution
- Item 2, as a fund house numbered it1 for0 against
- Item 3, as a fund house numbered it1 for0 against
- Item 4, as a fund house numbered it1 for0 against
- Item 5, as a fund house numbered it1 for0 against
- Item 6, as a fund house numbered it1 for0 against
- Item 7, as a fund house numbered it1 for0 against
- Accept Financial Statements and Statutory Reports1 for0 against
To borrow moneys, including foreign currency loans, for the purposes of the Company, from time to time, notwithstanding that the moneys to be borrowed together with the moneys already borrowed, apart from temporary loans obtained from the Company’s bankers in the ordinary course of business shall not exceed Rs.50,000 cr.MoreLess
13 for0 against- To consider the audited Financial Statements, including the Consolidated Financial Statements, of the Company, for the year ended 31st March 2023 and the Board’s and Auditors’ Reports thereon.13 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines and tax disputes
Reported in the filing for the quarter to Jun 2026.
- Fine or penaltyConsumer Forum (For Sundaram Home Finance Limited)Since 24 Mar 2026₹55,000
Direction to jointly and severally pay Rupees one Lakh
Death claim rejected by Kotak Life Insurance - Tax disputeDeputy Commissioner of Sales Tax,Mumbai for - A.Y 2006-07- Issue - VAT on Repossesed AssetsSince 4 Dec 2015Hon’ble Bench, noting the pendency of the subject issue before the Hon’ble Supreme Court, has adjourned the matter in Mar-26 - Fresh date posted - 21.07.2026At the filing before: Second Appeal - Pending before - Maharashstra Sales Tax Tribunal - Disputed Amount - Interest -Rs.14.59 Lakhs
- Tax disputeDeputy Commissioner of Sales Tax,Mumbai for - A.Y 2007-08- Issue - VAT on Repossesed AssetsSince 30 Dec 2015Hon’ble Bench, noting the pendency of the subject issue before the Hon’ble Supreme Court, has adjourned the matter in Mar-26 - Fresh date posted - 21.07.2026At the filing before: Second Appeal - Pending before - Maharashtra Sales Tax Tribunal - Disputed Amount -Interest -Rs.17.41 Lakhs
- Tax disputeJoint Commissioner of Sales Tax (Nodal-7),Mumbai for A.Y.2008-09 - Issue-VAT on Repossessed AssetsSince 28 Dec 2018Hon’ble Bench, noting the pendency of the subject issue before the Hon’ble Supreme Court, has adjourned the matter in Mar-26 - Fresh date posted - 21.07.2026At the filing before: Second Appeal - Pending before - Tribunal - Disputed Amount Interest -Rs.23.05 Lakhs
- Tax disputeDeputy Commissioner of Sales Tax,Mumbai for - A.Y 2009-10- Issue - VAT on Repossesed AssetsSince 29 Dec 2015Hon’ble Bench, noting the pendency of the subject issue before the Hon’ble Supreme Court, has adjourned the matter in Mar-26 - Fresh date posted - 21.07.2026At the filing before: Second Appeal - Pending before -Maharashtra sales tax Tribunal -Disputed Amount - Interest -Rs.4.61 Lakhs
- Tax disputeDeputy Commissioner MUM-VAT-(E-615) LTU-1,MUMBAI for A.Y.2010-11 - Issue - VAT on Repossessed AssetsSince 6 Dec 2016Pending before Appellate AuthorityAt the filing before: First Appeal - Pending before - JC (Appeals) - Disputed Amount - Interest -Rs.5.23 Lakhs
- Tax disputeDeputy Commisisoner for A.Y.2011-12 - Issue - VAT on Repossessed AssetsSince 31 Oct 2017Pending before Appellate AuthorityAt the filing before: First Appeal - Pending before - JC (Appeals) - Disputed Amount - NIL
- Tax disputeDeputy Commissioner ,MUMBAI for A.Y.2012-13 - Issue - VAT on Repossessed AssetsSince 31 Mar 2017Pending before Appellate AuthorityAt the filing before: First Appeal - Pending before - JC (Appeals) - Disputed Amount -Interest - Rs.10.93 Lakhs
3 more
- Tax disputeDeputy Commissioner ,MUMBAI for A.Y.2013-14 - Issue - VAT on Repossessed AssetsSince 19 Mar 2018Hon’ble Bench, noting the pendency of the subject issue before the Hon’ble Supreme Court, has adjourned the matter in Mar-26 - Fresh date posted - 21.07.2026At the filing before: Second Appeal - Pending before - Tribunal - Disputed Amount -Interest -Rs.0.06 Lakhs
- Tax disputeDeputy Commissioner ,MUMBAI for A.Y.2014-15 - Issue - VAT on Repossessed AssetsSince 27 Feb 2019Appeal heard partly on 9th Jun-26At the filing before: First Appeal - Pending before - JC (Appeals) - Disputed Amount - Interest - Rs.1.62 Lakhs
- Tax disputeDeputy Commiosner ,MUMBAI for A.Y.2015-16 - Issue - VAT on Repossessed AssetsSince 6 Mar 2020Appeal heard partly on 9th Jun-26At the filing before: First Appeal - Pending before - JC (Appeals) - - Disputed Amount - NIL
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
- 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
- Yes
- 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.