Sunflag Iron and Steel Company logo

Sunflag Iron and Steel Company MD, chairman, board of directors and AGM

NSE: SUNFLAGBSE: 500404Industrial ProductsSmall Cap

Formerly Sunflag Iron and Steel Co.
Last close ₹374.90down ₹10.60 (2.75%)BSE ₹375.40

Share price at the NSE close on 23 Oct 2026. Previous close ₹385.50.

52-week range of traded prices to 23 Oct 2026
₹192.15Low, 30 Mar 2026₹479.10High, 7 Oct 2026
Market cap
₹6,756 Cr768th largest listed
P/E
32.8
P/B
0.8
Dividend yield
0.27%
ROE
2.3%
ROCE
3.9%
Debt to equity
0.05
Volume, NSE
2,41,90149.1% delivered

Sunflag Iron and Steel 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

  • ChairpersonRAVI BHUSHAN SATYA DEV BHARDWAJRelated to the promoter
  • Managing directorPRANAV RAVI BHARDWAJ
  • Company Secretary and Compliance OfficerCS Ashutosh Mishra

8 directors4 independent2 executive2 non-executive

  • RAVI BHUSHAN SATYA DEV BHARDWAJ · ChairpersonNon-executive · joined Oct 1998 · 1 listed board · 1 committee seat, 1 as chair
  • PRANAV RAVI BHARDWAJ · Managing directorExecutive · joined Feb 2000 · reappointed Jan 2026 · 1 listed board · 1 committee seat
  • SUHRIT RAVI BHUSHAN BHARDWAJNon-executive · joined Mar 2017 · reappointed Mar 2017 · 1 listed board
  • RAMCHANDRA VASANT DALVIExecutive · joined Aug 2017 · reappointed Aug 2026 · 1 listed board · 1 committee seat
  • VINITA BAHRIIndependent · joined Sep 2020 · reappointed Sep 2025 · 72 months as independent · 2 listed boards · 2 as independent · 4 committee seats
  • MATTEGUNTA ANJANI VENKATRAMANA GOUTHAMIndependent · joined Aug 2022 · reappointed Aug 2025 · 50 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • TIRTHNATH INDRANATH JHAIndependent · joined Sep 2022 · reappointed Sep 2025 · 49 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • MUKUND PRABHAKAR CHAUDHARIIndependent · joined Aug 2026 · reappointed Aug 2026 · 2 months as independent · 1 listed board · 1 as independent

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.

3 directors who left
  • ANAND SADASHIV KAPRE, left 20 Sep 2026: Tenure Completion
  • NEELAM NARESH KOTHARI, left 20 Sep 2025: Tenure Completion
  • SAJIV DHAWAN, left 10 Aug 2025: Others

Committees and meetings

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

  • Board

    • 11 Aug 20268 of 9 present5 independent · 73 days in between
    • 29 May 20268 of 8 present4 independent

  • Audit Committee

    Chair MATTEGUNTA ANJANI VENKATRAMANA GOUTHAM

    VINITA BAHRI, TIRTHNATH INDRANATH JHA

    • 11 Aug 20264 of 4 present4 independent · 73 days in between
    • 29 May 20264 of 4 present4 independent

  • Nomination and remuneration committee

    Chair MATTEGUNTA ANJANI VENKATRAMANA GOUTHAM

    RAVI BHUSHAN SATYA DEV BHARDWAJ, VINITA BAHRI, TIRTHNATH INDRANATH JHA

    • 11 Aug 20264 of 4 present3 independent · 73 days in between
    • 29 May 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair RAVI BHUSHAN SATYA DEV BHARDWAJ

    PRANAV RAVI BHARDWAJ, RAMCHANDRA VASANT DALVI, VINITA BAHRI

    • 11 Aug 20264 of 4 present1 independent · 73 days in between
    • 29 May 20264 of 4 present1 independent

  • Risk Management Committee

    Chair MATTEGUNTA ANJANI VENKATRAMANA GOUTHAM

    RAMCHANDRA VASANT DALVI, VINITA BAHRI, TIRTHNATH INDRANATH JHA

    • 11 Aug 20264 of 4 present3 independent

  • Corporate Social Responsibility Committee

    Chair RAVI BHUSHAN SATYA DEV BHARDWAJ

    RAMCHANDRA VASANT DALVI, VINITA BAHRI, MATTEGUNTA ANJANI VENKATRAMANA GOUTHAM, MUKUND PRABHAKAR CHAUDHARI

    • 11 Aug 20265 of 5 present3 independent · 73 days in between
    • 29 May 20265 of 5 present3 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.

  • M/s. Lodha & Co LLPPeer-review certificate valid to Mar 2027
1 earlier auditor
  • M/s NSBP & Co, Chartered AccountantsNamed in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Sunflag Iron and Steel 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.Sunflag Iron and Steel Company dividend history

Annual general meeting, 25 Sep 2026

56,793 shareholders on the register on 18 Sep 2026; present: 5 promoters and 67 others; votes counted by Rachana Daga / M/s. R. A. Daga & Co.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the Financial Year 2025-26 ended 31st March, 2026, including, the Balance Sheet as at 31st March, 2026, Statement of Profit and Loss and Cash Flow for the Financial Year 2025-26, together with the Board’s Report and Report of the Statutory Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.76% · promoters 100.00% · institutions 39.14% · other public 44.32%

  2. To declare final dividend @10% (i.e. ₹ 1/- per share) on Equity Share of face value of ₹ 10/- (₹ Ten) each for the Financial Year ended 31st March, 2026.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.77% · promoters 100.00% · institutions 40.49% · other public 44.32%

  3. To appoint a director in place of Mr. Ravi Bhushan Bhardwaj (DIN - 00054700), who retires by rotation and, being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.03% · other public 0.01%

    Turnout: all 62.55% · promoters 80.02% · institutions 40.49% · other public 44.32%

  4. Appointment of Mr. Mukund Prabhakar Chaudhari (DIN: 05339308), as a Director (Category–Non-executive, Independent) of the Company, and also for a fixed first term of Forty (40) months, as an Independent Director of the Company.MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 72.77% · promoters 100.00% · institutions 40.49% · other public 44.32%

  5. Re-appointment of Mr. Ramchandra Vasant Dalvi (DIN - 00012065), as a Director (Technical) (Category-Non-independent, Executive), designated Key Managerial Personnel of the Company, liable to retire by rotation, for a further period of three (3) years effective 14th August, 2026.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.03% · other public 0.01%

    Turnout: all 72.77% · promoters 100.00% · institutions 40.49% · other public 44.32%

  6. Ratification of remuneration of 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 0.01%

    Turnout: all 72.77% · promoters 100.00% · institutions 40.49% · other public 44.32%

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, 26 Sep 2025, 10 resolutions

64,777 shareholders on the register on 19 Sep 2025; present: 5 promoters and 52 others; votes counted by Rachana Daga / M/s. R. A. Daga & Co., Company Secretaries, Nagpur.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements (Standalone and Consolidated) of the Company for the Financial Year 2024-25 ended 31st March, 2025 including, the Balance Sheet as at 31st March, 2025, Statement of Profit and Loss and Cash Flow for the Financial year 2024-25, together with the Board's Report and Report of the Statutory Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.15% · promoters 100.00% · institutions 52.73% · other public 46.96%

  2. Declaration final dividend @7.5% (i.e. Rs. 0.75/- per share) on Equity Share of face value of Rs. 10/- (Ten) each 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 74.16% · promoters 100.00% · institutions 53.98% · other public 46.96%

  3. To appoint a director in place of Mr. Suhrit Bhardwaj (DIN - 02318190), who retires by rotation and, being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    99.47% for0.53% against

    Against: promoters 0.00% · institutions 67.75% · other public 0.00%

    Turnout: all 63.94% · promoters 80.02% · institutions 53.98% · other public 46.96%

  4. Appointment of M/s. Lodha & Co. LLP, Chartered Accountants, New Delhi as the Statutory Auditors of the Company in place of retiring Auditors.
    Special
    99.99% for0.01% against

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

    Turnout: all 74.16% · promoters 100.00% · institutions 53.98% · other public 46.96%

  5. Re-appointment of CA Vinita Bahri (DIN – 03109454), as a Director (Category- Non-executive, Independent) of the Company for a fixed second term of five (5) consecutive years.
    Special
    99.81% for0.19% against

    Against: promoters 0.00% · institutions 26.48% · other public 0.04%

    Turnout: all 74.16% · promoters 100.00% · institutions 53.98% · other public 46.96%

  6. Re-appointment of CA Mattegunta Anjani Venkatramana Goutham (DIN - 00101447), as a Director (Category - Non-executive, Independent) of the Company for a fixed second term of five (5) consecutive years.MoreLess
    Special
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 26.48% · other public 0.02%

    Turnout: all 74.16% · promoters 100.00% · institutions 53.98% · other public 46.96%

  7. Re-appointment of Mr. Tirthnath Indranath Jha (DIN – 07593002), as a Director (Category - Non-executive, Independent) of the Company for a fixed second term of five (5) consecutive years.
    Special
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 26.48% · other public 0.02%

    Turnout: all 74.16% · promoters 100.00% · institutions 53.98% · other public 46.96%

  8. Re-appointment of Mr. Pranav Bhardwaj (DIN – 00054805) as the Managing Director (Category – Non-independent, Executive), designated Key Managerial Personnel, of the Company, not liable to retire by rotation, for a further period of Five (5) years effective 17th January, 2026.MoreLess
    SpecialPromoters have an interest in it
    99.26% for0.74% against

    Against: promoters 0.00% · institutions 94.21% · other public 0.00%

    Turnout: all 63.94% · promoters 80.02% · institutions 53.98% · other public 46.96%

  9. Appointment of M/s. DM & Associates Company Secretaries LLP, Mumbai [Firm Registration Number L2017MH003500 and Peer Review Certificate No. 6584/2025], as Secretarial Auditors of the Company.
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 74.16% · promoters 100.00% · institutions 53.98% · other public 46.96%

  10. Ratification of remuneration of 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 0.00%

    Turnout: all 74.16% · promoters 100.00% · institutions 53.98% · other public 46.96%

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, 27 Sep 2024, 3 resolutions

Present: 5 promoters and 54 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements (Standalone and Consolidated) of the Company for the Financial Year 2023-24 ended 31st March, 2024 including, the Balance Sheet as at 31st March, 2024, Statement of Profit and Loss and Cash Flow for the year 2023-24, together with the Board's Report and Report of the Statutory Auditors thereon.MoreLess
    Ordinary
    85.89% for14.11% against

    Against: promoters 0.00% · institutions 0.00% · other public 46.21%

    Turnout: all 74.68% · promoters 100.00% · institutions 71.34% · other public 47.68%

  2. To appoint a director in place of Mr. Ramchandra Vasant Dalvi (DIN - 00012065), who retires by rotation and, being eligible, offers himself for re-appointment.
    Ordinary
    99.98% for0.02% against

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

    Turnout: all 74.69% · promoters 100.00% · institutions 72.50% · other public 47.67%

  3. To ratify the remuneration of Cost Auditors of the Company for the Financial Year 2024-25.
    Ordinary
    99.98% for0.02% against

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

    Turnout: all 74.69% · promoters 100.00% · institutions 72.50% · other public 47.67%

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 Sep 2023, 8 resolutions

Present: 5 promoters and 48 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements (Standalone & Consolidated) of the Company for the Financial Year 2022-23 ended 31st March, 2023 including, the Balance Sheet as at 31st March, 2023, Profit and Loss and Cash Flow for the year 2022-23 ended 31st March, 2023, together with the Board's Report and Report of the Statutory Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.10% · promoters 100.00% · institutions 29.87% · other public 49.39%

  2. To appoint a director in place of Mr. Suhrit Bhardwaj (DIN - 02318190), who retires by rotation and, being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.54% for0.46% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.06%

    Turnout: all 64.89% · promoters 80.02% · institutions 31.13% · other public 49.39%

  3. Re-appointment of Mr. Anand Sadashiv Kapre (DIN - 00019530), as a Director (Category- Non-executive, Independent) of the Company for a fixed second term of three (3) consecutive years from 21st September, 2023 till 20th September, 2026.MoreLess
    Special
    99.98% for0.02% against

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

    Turnout: all 75.11% · promoters 100.00% · institutions 31.13% · other public 49.39%

  4. Re-appointment of Mr. Surendra Kumar Gupta (DIN - 00054836), as a Deputy Managing Director, designated Key Managerial Personnel of the Company, liable to retire by rotation, for a further period of three (3) years effective 30th July, 2023.MoreLess
    Special
    99.99% for0.01% against

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

    Turnout: all 75.11% · promoters 100.00% · institutions 31.13% · other public 49.38%

  5. Re-appointment of Mr. Ramchandra Vasant Dalvi (DIN - 00012065), as a Director (Technical), designated Key Managerial Personnel of the Company, liable to retire by rotation, for a further period of three (3) years effective 14th August, 2023.MoreLess
    Special
    99.98% for0.02% against

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

    Turnout: all 75.11% · promoters 100.00% · institutions 31.13% · other public 49.39%

  6. Approval for continuation of Mr. Ravi Bhushan Bhardwaj (DIN - 00054700), as a Chairman [Category - Non-executive Director & Promoter] of the Company, from non-rotational Director to a Director liable to retire by rotation, on the existing terms and conditions of appointment.MoreLess
    SpecialPromoters have an interest in it
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 19.18% · other public 0.04%

    Turnout: all 64.89% · promoters 80.02% · institutions 31.13% · other public 49.39%

  7. Approval for payment of remuneration by way of commission, not exceeding a sum equivalent to one percent (1%) of the net profit of the Company per annum to be distributed amongst all the Non-executive Director/s of the Company for the period of five (5) years from financial year 2023-24 till 2027-28.MoreLess
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

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

    Turnout: all 64.89% · promoters 80.02% · institutions 31.13% · other public 49.39%

  8. To ratify the remuneration of Cost Auditors of the Company for the Financial Year 2023-24.
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 75.11% · promoters 100.00% · institutions 31.13% · other public 49.39%

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, 28 Sep 2022, 7 resolutions

Present: 5 promoters and 32 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements (Standalone & Consolidated) of the Company for the Financial Year 2021-22 ended 31st March, 2022 including, the Balance Sheet as at 31st March, 2022, Profit and Loss and Cash Flow for the year 2021-22 ended 31st March, 2022, together with the Board's Report and Report of the Statutory Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.31% · promoters 100.00% · institutions 40.31% · other public 47.47%

  2. To appoint a Director in place of Mr. Surendra Kumar Gupta (DIN - 00054836), who retires by rotation and, being eligible, offers himself for re-appointment.
    Ordinary
    99.98% for0.02% against

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

    Turnout: all 74.31% · promoters 100.00% · institutions 40.31% · other public 47.47%

  3. Re-appointment of Mr. Sajiv Dhawan (DIN: 00160085), as an Independent Director of the Company for a fixed second term of five (5) consecutive years from 27th September, 2022 till 26th September, 2027.
    Special
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.05%

    Turnout: all 74.31% · promoters 100.00% · institutions 40.31% · other public 47.47%

  4. Appointment of Mr. Mattegunta Anjani Venkatramana Goutham (DIN: 00101447), as a Director (Category – Non-executive, Independent) of the Company and also as an Independent Director of the Company, not liable to retire by rotation, for a fixed first term of three (3) consecutive years i.e. from 12th August, 2022 up to 11th August, 2025.MoreLess
    Special
    99.98% for0.02% against

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

    Turnout: all 74.31% · promoters 100.00% · institutions 40.31% · other public 47.47%

  5. Appointment of Mr. Tirthnath Indranath Jha (DIN: 07593002), as a Director (Category – Non-executive, Independent) of the Company, and also as an Independent Director of the Company, not liable to retire by rotation, for a fixed first term of three (3) consecutive years i.e. from 3rd September, 2022 up to 2nd September, 2025.MoreLess
    Special
    99.98% for0.02% against

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

    Turnout: all 74.31% · promoters 100.00% · institutions 40.31% · other public 47.47%

  6. Consent of Members for increase in the limits applicable for making investments / extending loans and giving guarantees or providing securities in connection with loans to Persons / Bodies Corporate, pursuant to the provisions of Section 186 of the Companies Act, 2013 (“the Act”) read with the Companies (Meetings of Board and its Powers) Rules, 2014 and other applicable provisions, if any, of the Act (including any modification or re-enactment thereof for the time being in force) and subject to such approvals, consents, sanctions and permissions as may be necessary.MoreLess
    Special
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.05%

    Turnout: all 74.31% · promoters 100.00% · institutions 40.31% · other public 47.47%

  7. To ratify the Remuneration of Cost Auditors of the Company for the Financial Year 2022-23.
    Ordinary
    99.98% for0.02% against

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

    Turnout: all 74.31% · promoters 100.00% · institutions 40.31% · other public 47.46%

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, 13 Sep 2021, 3 resolutions

Present: 4 promoters and 44 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements (Standalone & Consolidated) of the Company for the Financial Year 2020-21 ended 31st March, 2021 including, the Balance Sheet as at 31st March, 2021, Profit and Loss and Cash Flow for the year 2020-21 ended 31st March, 2021, together with the Board's Report and Report of the Statutory Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.24% · promoters 100.00% · institutions 60.53% · other public 47.19%

  2. To appoint a Director in place of Mr. Ramchandra Vasant Dalvi (DIN - 00012065), who retires by rotation and, being eligible, offers himself for re-appointment.
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 39.61% · other public 0.07%

    Turnout: all 74.24% · promoters 100.00% · institutions 60.53% · other public 47.19%

  3. Ratification for Payment of Remuneration to the Cost Auditors to audit the cost records of the Company for the Financial Year 2021-22 ending 31st March, 2022.
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 74.24% · promoters 100.00% · institutions 60.53% · other public 47.19%

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 Sep 2020, 11 resolutions

Present: 5 promoters and 63 others.The company's voting result (opens in a new tab)

  1. Ordinary Resolution – Adoption of Audited Financial Statements (Standalone & Consolidated) of the Company for the Financial Year 2019-20 ended 31st March, 2020 including, the Balance Sheet as at 31st March, 2020, Profit and Loss and Cash Flow for the year 2019-20 ended 31st March, 2020, together with the Board's Report and Report of the Statutory Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.32% · promoters 100.00% · institutions 0.00% · other public 47.50%

  2. Ordinary Resolution – To appoint a Director in place of Mr. Suhrit Ravi Bhushan Bhardwaj (DIN - 02318190), who retires by rotation and, being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.57% for0.43% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.19%

    Turnout: all 64.10% · promoters 80.02% · institutions 0.00% · other public 47.50%

  3. Ordinary Resolution – To appoint M/s. N S B P & Co., Chartered Accountants, New Delhi (ICAI Firm Registration No. 001075N; Peer Review Certificate No. 009284), as the Statutory Auditors of the Company in place of retiring Auditors M/s. S. S. Kothari Mehta & Co., Chartered Accountants, New Delhi (ICAI Firm Registration No. 000756N, Peer Review Certificate No. 008927) and fix their remuneration.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.38% · promoters 100.00% · institutions 0.00% · other public 47.50%

  4. Ordinary Resolution – To appoint Mr. Anand Sadashiv Kapre (DIN: 00019530), as a Director (Category – Non-executive, Independent) of the Company, and also for a fixed first term of three (3) consecutive years as an Independent Director of the Company.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.05% · promoters 100.00% · institutions 0.00% · other public 46.95%

  5. Ordinary Resolution – To appoint CA Vinita Bahri (DIN: 03109454), as a Director (Category – Non-executive, Independent) of the Company, and also for a fixed first term of five (5) consecutive years, as an Independent Director of the Company.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.32% · promoters 100.00% · institutions 0.00% · other public 47.50%

  6. Special Resolution – To re-appoint CA Neelam Kothari (DIN: 06709241), as a Director (Category –Non-executive, Independent) of the Company for a fixed second term of Five (5) consecutive years.
    Special
    99.63% for0.37% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.19%

    Turnout: all 74.32% · promoters 100.00% · institutions 0.00% · other public 47.50%

  7. Ordinary Resolution – To re-appoint Mr. Pranav Bhardwaj (DIN: 00054805) as the Managing Director (Category - Non-independent, Executive), designated Key Managerial Personnel, of the Company, not liable to retire by rotation, for a further period of Five (5) years effective 17th January, 2021.MoreLess
    OrdinaryPromoters have an interest in it
    99.57% for0.43% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.19%

    Turnout: all 64.10% · promoters 80.02% · institutions 0.00% · other public 47.50%

  8. Special Resolution – To re-appoint Mr. Surendra Kumar Gupta (DIN: 00054836) as the Deputy Managing Director (Category - Non-independent, Executive), designated Key Managerial Personnel, of the Company, liable to retire by rotation, for a further period of three (3) years effective 30th July, 2020.MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 74.32% · promoters 100.00% · institutions 0.00% · other public 47.50%

  9. Ordinary Resolution – To re-appoint CA Rambhatla Muralidhar (DIN: 00982212) as an Executive Director (Finance) (Category - Non-independent, Executive), designated Key Managerial Personnel, of the Company, liable to retire by rotation, for a further period of three (3) years effective 14th August, 2020MoreLess
    Ordinary
    99.63% for0.37% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.18%

    Turnout: all 74.32% · promoters 100.00% · institutions 0.00% · other public 47.50%

  10. Special Resolution – To re-appoint Mr. Ramchandra Vasant Dalvi (DIN: 00012065) as an Executive Director (Works) (Category - Non-independent, Executive), designated Key Managerial Personnel, of the Company, liable to retire by rotation, for a further period of three (3) years effective 14th August, 2020.MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 74.32% · promoters 100.00% · institutions 0.00% · other public 47.50%

  11. 11 Ordinary Resolution – Ratification for Payment of Remuneration to the Cost Auditors to audit the cost records of the Company for the Financial Year 2020-21 ending 31st March, 2021.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.32% · promoters 100.00% · institutions 0.00% · other public 47.50%

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

Annual general meeting, 27 Sep 2019, 5 resolutions

Present: 8 promoters and 36 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (Standalone & Consolidated) of the Company for the Year 2018-2019 ended 31st March, 2019 including, the Balance Sheet as at 31st March, 2019, Profit and Loss and Cash Flow for the year 2018-2019 ended 31st March, 2019, together with the Board's Report and Report of the Statutory Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.70% · promoters 100.00% · institutions 0.00% · other public 46.43%

  2. To declare Dividend @5% (i.e. Rs. 0.50 per Equity Share) on Equity Shares of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.70% · promoters 100.00% · institutions 0.00% · other public 46.43%

  3. To appoint a Director in place of CA Rambhatla Muralidhar (DIN : 00982212), who retires by rotation and, being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.70% · promoters 100.00% · institutions 0.00% · other public 46.43%

  4. To appoint Mr. Sajiv Dhawan (DIN - 00160085), as a Director [Category - Non-executive, Independent] and also as an Independent Director of the Company, not liable to retire by rotation, for a fixed first term of Three (3) consecutive years i.e. from 27th September, 2019 to 26th September, 2022.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.70% · promoters 100.00% · institutions 0.00% · other public 46.43%

  5. To ratify the Remuneration of M/s. G. R. Paliwal & Company, Cost Accountants, Nagpur (Membership No. 7815) appointed by the Board to conduct the Audit of the cost records of the Company for the financial year ending 31st March, 2020.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.70% · promoters 100.00% · institutions 0.00% · other public 46.43%

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 26 Sep 2025, 6 fund houses

  • Adoption of Audited Financial Statements (Standalone and Consolidated) of the Company for the Financial Year 2024-25 ended 31st March, 2025 including, the Balance Sheet as at 31st March, 2025, Statement of Profit and Loss and Cash Flow for the Financial year 2024-25, together with the Board's Report and Report of the Statutory Auditors thereon.MoreLess
    6 for0 against
  • Declaration final dividend @7.5% (i.e. Rs. 0.75/- per share) on Equity Share of face value of Rs. 10/- (Ten) each for the Financial Year ended 31st March, 2025.
    6 for0 against
  • To appoint a director in place of Mr. Suhrit Bhardwaj (DIN - 02318190), who retires by rotation and, being eligible, offers himself for re-appointment
    Against Mirae Asset Mutual Fund
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    5 for1 against
  • Appointment of M/s. Lodha & Co. LLP, Chartered Accountants, New Delhi as the Statutory Auditors of the Company in place of retiring Auditors.
    6 for0 against
  • Re-appointment of CA Vinita Bahri (DIN – 03109454), as a Director (Category- Non-executive, Independent) of the Company for a fixed second term of five (5) consecutive years.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundPrior approval of shareholders not obtained for reappointment as an Independent Director.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliance: Re-appointment is not in accordance with law, prior approval of shareholders not obtained for reappointment as an ID.
    2 for4 against
  • Re-appointment of CA Mattegunta Anjani Venkatramana Goutham (DIN - 00101447), as a Director (Category - Non-executive, Independent) of the Company for a fixed second term of five (5) consecutive years.MoreLess
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundPrior approval of shareholders not obtained for reappointment as an Independent Director.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliance: Re-appointment is not in accordance with law, prior approval of shareholders not obtained for reappointment as an ID.
    2 for4 against
  • Re-appointment of Mr. Tirthnath Indranath Jha (DIN – 07593002), as a Director (Category - Non-executive, Independent) of the Company for a fixed second term of five (5) consecutive years.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundPrior approval of shareholders not obtained for reappointment as an Independent Director.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliance: Re-appointment is not in accordance with law, prior approval of shareholders not obtained for reappointment as an ID.
    2 for4 against
  • Re-appointment of Mr. Pranav Bhardwaj (DIN – 00054805) as the Managing Director (Category – Non-independent, Executive), designated Key Managerial Personnel, of the Company, not liable to retire by rotation, for a further period of Five (5) years effective 17th January, 2026.MoreLess
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Fixed % of variable pay & no absolute cap on variable pay. Holds two full-time positions.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Fixed % of variable pay & no absolute cap on variable pay. Holds two full-time positions.
    2 for4 against
  • Appointment of M/s. DM & Associates Company Secretaries LLP, Mumbai [Firm Registration Number L2017MH003500 and Peer Review Certificate No. 6584/2025], as Secretarial Auditors of the Company.
    6 for0 against
  • Ratification of remuneration of Cost Auditors of the Company for the Financial Year 2025-26.
    6 for0 against

Mutual fund votes, meeting of 27 Sep 2024, 3 fund houses

  • Adoption of Audited Financial Statements (Standalone and Consolidated) of the Company for the Financial Year 2023-24 ended 31st March, 2024 including, the Balance Sheet as at 31st March, 2024, Statement of Profit and Loss and Cash Flow for the year 2023-24, together with the Board's Report and Report of the Statutory Auditors thereon.MoreLess
    3 for0 against
  • To appoint a director in place of Mr. Ramchandra Vasant Dalvi (DIN - 00012065), who retires by rotation and, being eligible, offers himself for re-appointment.
    3 for0 against
  • To ratify the remuneration of Cost Auditors of the Company for the Financial Year 2024-25.
    3 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

At most 4 complaints open, quarter to Sep 2026.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
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.