Suprajit Engineering logo

Suprajit Engineering CEO, MD, chairman, board of directors and AGM

NSE: SUPRAJITBSE: 532509Auto ComponentsSmall Cap

Last close ₹451.20down ₹6.95 (1.52%)BSE ₹450.65

Share price at the NSE close on 23 Oct 2026. Previous close ₹458.15.

52-week range of traded prices to 23 Oct 2026
₹389.95Low, 16 Mar 2026₹559.25High, 10 Aug 2026
Market cap
₹6,190 Cr726th largest listed
P/E
33.1
P/B
4.3
Dividend yield
0.78%
ROE
13.8%
ROCE
13.0%
Debt to equity
0.55
Volume, NSE
75,82053.5% delivered

Suprajit Engineering 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

  • ChairpersonKULA AJITH KUMAR RAIRelated to the promoter
  • Managing director and CEOMOHAN SRINIVASAN NAGAMANGALA
  • Company Secretary and Compliance OfficerMedappa Gowda Jantikapu

8 directors4 independent3 executive1 non-executive

  • KULA AJITH KUMAR RAI · ChairpersonExecutive · joined May 1985 · reappointed Apr 2024 · 2 listed boards · 1 as independent · 3 committee seats
  • MOHAN SRINIVASAN NAGAMANGALA · Managing director and CEOExecutive · joined Feb 2017 · reappointed Apr 2024 · 1 listed board
  • AKHILESH RAIExecutive · joined Jun 2020 · reappointed Jun 2025 · 1 listed board
  • HARISH HASSAN VISWESWARAIndependent · joined Jun 2020 · reappointed Jun 2025 · 75 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 2 as chair
  • SUPRIYA AJITH RAINon-executive · joined May 2014 · reappointed May 2014 · 1 listed board · 1 committee seat
  • BHAGYA CHANDRA RAOIndependent · joined Apr 2023 · reappointed Apr 2023 · 42 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 2 as chair
  • GAYA NAND GAUBAIndependent · joined Apr 2025 · reappointed Apr 2025 · 18 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • RAJNI ANIL MISHRAIndependent · joined Apr 2025 · reappointed Apr 2025 · 18 months as independent · 4 listed boards · 4 as independent · 7 committee seats, 3 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.

2 directors who left
  • MUTHUSWAMI LAKSHMINARAYAN, left 31 Mar 2025: Tenure Completion
  • BHARATI RAO, left 31 Mar 2025: Tenure Completion

Committees and meetings

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

  • Board

    • 6 Aug 20268 of 8 present4 independent · 72 days in between
    • 25 May 20268 of 8 present4 independent

  • Audit Committee

    Chair HARISH HASSAN VISWESWARA

    GAYA NAND GAUBA, RAJNI ANIL MISHRA, KULA AJITH KUMAR RAI

    • 6 Aug 20264 of 4 present3 independent · 72 days in between
    • 25 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair BHAGYA CHANDRA RAO

    HARISH HASSAN VISWESWARA, GAYA NAND GAUBA, KULA AJITH KUMAR RAI

    • 8 Jun 20263 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair RAJNI ANIL MISHRA

    KULA AJITH KUMAR RAI, SUPRIYA AJITH RAI

    No meeting listed in the filing.

  • Risk Management Committee

    Chair GAYA NAND GAUBA

    KULA AJITH KUMAR RAI, MOHAN SRINIVASAN NAGAMANGALA, AKHILESH RAI

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair KULA AJITH KUMAR RAI

    SUPRIYA AJITH RAI, BHAGYA CHANDRA RAO

    • 20 May 20263 of 3 present1 independent

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

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • S.R. Batliboi & Associates LLPPeer-review certificate valid to Jul 2027
1 earlier auditor
  • S.R. Baltiboi and Associates LLPNamed 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.

Suprajit Engineering 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.Suprajit Engineering dividend history

Annual general meeting, 12 Sep 2026

68,602 shareholders on the register on 5 Sep 2026; present: 3 promoters and 82 others; votes counted by Mr. Parameshwar G. Bhat / NA.The company's voting result (opens in a new tab)

  1. To consider and adopt (a) the Audited Financial Statements of the Company for the financial year ended March 31, 2026, and the reports of the Board of Directors and the Auditors’ thereon; and (b) the Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2026 and the report of the Auditor’s thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 68.40% · promoters 99.95% · institutions 86.93% · other public 8.22%

  2. To confirm the payment of Interim Dividend of Rs.1.50/- (150%) and to declare Final Dividend of Rs.2.00/- (200%) for the financial year 2025-26.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 68.41% · promoters 99.95% · institutions 86.97% · other public 8.22%

  3. To appoint Mr. K Ajith Kumar Rai (holding DIN: 01160327), Director, who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    97.53% for2.47% against

    Against: promoters 0.00% · institutions 8.18% · other public 0.14%

    Turnout: all 68.41% · promoters 99.95% · institutions 86.97% · other public 8.22%

  4. To ratify the remuneration payable to Messrs. G N V and Associates, Cost Accountants, Cost Auditors of the Company, for the financial year 2026-27.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 68.41% · promoters 99.95% · institutions 86.97% · other public 8.22%

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

Annual general meeting, 13 Sep 2025, 6 resolutions

76,145 shareholders on the register on 6 Sep 2025; present: 5 promoters and 65 others; votes counted by Mr. Parameshwar G. Bhat / NA.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Financial Statements of the Company which include Audited Standalone and Consolidated Balance Sheet as at March 31, 2025, the standalone and consolidated Statement of Profit and Loss including the Statement of other Comprehensive Income and Cash Flow of the Company as on that date together with the Auditors’ Report thereon and Report of the Board of Directors.MoreLess
    Ordinary
    99.70% for0.30% against

    Against: promoters 0.00% · institutions 1.10% · other public 0.01%

    Turnout: all 76.32% · promoters 99.93% · institutions 87.00% · other public 33.74%

  2. To appoint Mrs. Supriya Rai (holding DIN: 01756994), Director, who retires by rotation and being eligible, offers herself for re-appointment.
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.38% · other public 0.01%

    Turnout: all 76.31% · promoters 99.93% · institutions 87.03% · other public 33.70%

  3. To confirm the payment of Interim Dividend of Re. 1.25 (125%) and to declare Final Dividend of Re. 1.75 (175%) for the financial year 2024-25.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.33% · promoters 99.93% · institutions 87.03% · other public 33.74%

  4. To ratify the remuneration payable to Messrs. G N V and Associates, Cost Accountants, 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 76.33% · promoters 99.93% · institutions 87.03% · other public 33.74%

  5. Appointment of Secretarial Auditors for the period of 5 years from April 1, 2025 to March 31, 2030.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.32% · promoters 99.93% · institutions 87.03% · other public 33.72%

  6. Approval for payment of Remuneration to Mr. Aashish Rai, holding an office or place of profit in the Company.
    OrdinaryPromoters have an interest in it
    87.67% for12.33% against

    Against: promoters 0.00% · institutions 18.50% · other public 0.08%

    Turnout: all 31.24% · promoters 0.00% · institutions 87.03% · other public 33.74%

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, 16 Mar 2025, 6 resolutions

81,158 shareholders on the register on 7 Feb 2025; votes counted by PARAMESHWAR G BHAT / PARAMESHWAR G BHAT.The company's voting result (opens in a new tab)

  1. APPOINTMENT OF MR. GAYA NAND GAUBA (DIN: 00034596) AS A NON-EXECUTIVE INDEPENDENT DIRECTOR OF THE COMPANY.
    Special
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.73% · other public 0.12%

    Turnout: all 69.26% · promoters 99.96% · institutions 87.20% · other public 11.59%

  2. APPOINTMENT OF MRS. RAJNI ANIL MISHRA (DIN: 08386001) AS A NON-EXECUTIVE INDEPENDENT DIRECTOR OF THE COMPANY.
    Special
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.74% · other public 0.12%

    Turnout: all 69.26% · promoters 99.96% · institutions 87.20% · other public 11.59%

  3. RE-APPOINTMENT MR. AKHILESH RAI (DIN: 07982469) AS WHOLE TIME DIRECTOR AND CHIEF STRATEGY OFFICER OF THE COMPANY.
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.22% · other public 0.12%

    Turnout: all 69.26% · promoters 99.96% · institutions 87.20% · other public 11.59%

  4. RE-APPOINTMENT OF MR. HARISH HASSAN VISWESWARA (DIN: 08742808) AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.12% · other public 0.12%

    Turnout: all 69.27% · promoters 99.96% · institutions 87.20% · other public 11.64%

  5. TO MAKE INVESTMENTS, GIVE LOANS, GUARANTEES AND SECURITY IN EXCESS OF LIMITS SPECIFIED UNDER SECTION 186 OF THE COMPANIES ACT, 2013.
    Special
    83.47% for16.53% against

    Against: promoters 0.00% · institutions 54.40% · other public 0.13%

    Turnout: all 69.27% · promoters 99.96% · institutions 87.20% · other public 11.64%

  6. APPROVAL FOR INCREASE IN OVERALL BORROWING LIMITS OF THE COMPANY AS PER SECTION 180 (1) (c) OF THE COMPANIES ACT, 2013.
    Special
    83.98% for16.02% against

    Against: promoters 0.00% · institutions 52.71% · other public 0.13%

    Turnout: all 69.27% · promoters 99.96% · institutions 87.20% · other public 11.64%

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 2024, 4 resolutions

Present: 4 promoters and 58 others.The company's voting result (opens in a new tab)

  1. Adoption of the Financial Statements of the Company which include Audited standalone nand consolidated Balance Sheet as at March 31, 2024, the standalone and Consolidated nStatement of Profit and Loss of the Company as on that date together with the Auditor’s nreport thereon and report of the Board of Directors.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.91% · promoters 99.96% · institutions 81.37% · other public 6.93%

  2. To Appoint Mr. Akhilesh Rai (DIN: 07982469) Director who retires by rotation and being neligible, offers himself for re-appointment. n
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.22% · other public 0.02%

    Turnout: all 65.92% · promoters 99.96% · institutions 81.41% · other public 6.93%

  3. To confirm the payment of Interim Dividend of Rs.1.10(110%) and to declare Final Dividend of Rs.1.40(140%) for the financial year 2023-24.n
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.92% · promoters 99.96% · institutions 81.41% · other public 6.93%

  4. To ratify the payment of Remuneration payable to Messrs G N V and Associates,Cost nAccountants,Cost Auditors for the Company for the financial Year 2024-25.n
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.92% · promoters 99.96% · institutions 81.41% · other public 6.93%

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, 24 Mar 2024, 3 resolutions

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

  1. TO REAPPOINT MR. K. AJITH KUMAR RAI (DIN: 01160327) AS EXECUTIVE CHAIRMAN OF THE COMPANY.
    OrdinaryPromoters have an interest in it
    97.30% for2.70% against

    Against: promoters 0.00% · institutions 10.39% · other public 0.05%

    Turnout: all 68.88% · promoters 100.00% · institutions 84.04% · other public 18.67%

  2. TO PAY REMUNERATION IN EXCESS OF RS. 5 CRORES OR 2.5% OF THE NET PROFIT, WHICHEVER IS MORE TO MR. K AJITH KUMAR RAI, EXECUTIVE CHAIRMAN (ALSO PROMOTER) OF THE COMPANY.
    SpecialPromoters have an interest in it
    97.30% for2.70% against

    Against: promoters 0.00% · institutions 10.29% · other public 0.30%

    Turnout: all 68.88% · promoters 100.00% · institutions 84.04% · other public 18.67%

  3. TO REAPPOINT MR. MOHAN SRINIVASAN NAGAMANGALA (DIN: 01916468) AS MANAGING DIRECTOR AND GROUP CEO.
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.31% · other public 0.17%

    Turnout: all 68.87% · promoters 100.00% · institutions 84.04% · other public 18.65%

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, 25 Sep 2023, 5 resolutions

Present: 4 promoters and 60 others.The company's voting result (opens in a new tab)

  1. Adoption of the Financial Statements of the Company which include audited standalone and consolidated Balance sheet as at March 31,2023, the satandalone and Consolidated Statement of Profit and Loss of the Company as on that date together with the Auditor's report thereon and report of the Bord of Directors.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.15% · promoters 99.99% · institutions 84.40% · other public 29.10%

  2. To Appoint Mrs. Supriya Rai (DIN:01756994) Director who retires by rotation and being eligible,offers herself for re-appointment.
    Ordinary
    99.45% for0.55% against

    Against: promoters 0.00% · institutions 2.28% · other public 0.01%

    Turnout: all 72.14% · promoters 99.99% · institutions 84.40% · other public 29.08%

  3. To confirm the payment of Interim Dividend of Rs. 1.05 (105%) and to declare Final Dividend of Rs.1.25 (125%) for the Financial year 2022-23
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.15% · promoters 99.99% · institutions 84.40% · other public 29.10%

  4. Approval for Increase in Remuneration of Mr. Ashutosh Rai and holding an office or place of profit in the Company
    OrdinaryPromoters have an interest in it
    93.29% for6.71% against

    Against: promoters 0.00% · institutions 10.59% · other public 0.01%

    Turnout: all 27.53% · promoters 0.00% · institutions 84.40% · other public 29.08%

  5. To ratify the remuneration payable to Messrs G N V and Associates, Cost Accountants, Cost Auditors of the Company for the Financial year 2023-24.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.15% · promoters 99.99% · institutions 84.40% · other public 29.10%

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, 3 May 2023, 1 resolution

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

  1. Appointment of Mr. Bhagya Chandra Rao (Din: 00211127) as Non-ExecutivenIndependent Director of the Company
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.71%

    Turnout: all 66.72% · promoters 99.98% · institutions 75.73% · other public 18.05%

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 2022, 5 resolutions

Present: 4 promoters and 63 others.The company's voting result (opens in a new tab)

  1. Adoption of the Financial Statements of the Company which include Audited Standalonenand Consolidated Balance Sheet as at March 31, 2022, the Standalone and Consolidated nStatement of Profit and Loss of the Company as on that date together with the Auditor’s nreport thereon and report of the Board of Directors.MoreLess
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.19% · other public 0.00%

    Turnout: all 66.17% · promoters 99.80% · institutions 82.58% · other public 13.46%

  2. To Appint Mr.Akhilesh Rai (DIN: 07982469) Director who retires by rotation and being neligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    97.41% for2.59% against

    Against: promoters 0.00% · institutions 10.11% · other public 0.05%

    Turnout: all 66.16% · promoters 99.80% · institutions 82.58% · other public 13.42%

  3. To confirm the payment of Interim Dividend of Re.0.90(90%) and to declare Final Dividend nof Re.1.10(110%) for the financial year 2021-22.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 66.17% · promoters 99.80% · institutions 82.58% · other public 13.46%

  4. To Re-Appoint M/s.S.R.Batliboi and Associates LLP,Chartered Accountants as Statutoryn Auditors of the Company and Authorize the Board of Directors to Fix their remuneration.
    Ordinary
    99.72% for0.28% against

    Against: promoters 0.00% · institutions 1.09% · other public 0.03%

    Turnout: all 66.16% · promoters 99.80% · institutions 82.58% · other public 13.42%

  5. To ratify the remuneration payable to Messrs G N V and Associates, Cost Accountants,Cost nAuditors of the company for the financial year 2022-23.n
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 66.16% · promoters 99.80% · institutions 82.58% · other public 13.42%

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 12 Sep 2026, 3 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To consider and adopt (a) the Audited Financial Statements of the Company for the financial year ended March 31, 2026, and the reports of the Board of Directors and the Auditors’ thereon; and (b) the Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2026 and the report of the Auditor’s thereon.MoreLess
    3 for0 against
  • To confirm the payment of Interim Dividend of Rs.1.50/- (150%) and to declare Final Dividend of Rs.2.00/- (200%) for the financial year 2025-26.
    3 for0 against
  • To appoint Mr. K Ajith Kumar Rai (holding DIN: 01160327), Director, who retires by rotation and being eligible, offers himself for re-appointment.
    Against Navi Mutual Fund
    • Navi Mutual FundCompliant with law. No concern identified on the merit and profile of the proposed director. Governance and Transparency Concern: There is no clarity on whether the proposed director has attended at least 50% of Risk Management Committee meetings held during the last 3 FYs or not.
    2 for1 against
  • To ratify the remuneration payable to Messrs. G N V and Associates, Cost Accountants, Cost Auditors of the Company, for the financial year 2026-27.
    3 for0 against

Mutual fund votes, meeting of 13 Sep 2025, 9 fund houses

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

  • To receive, consider and adopt the Financial Statements of the Company which include Audited Standalone and Consolidated Balance Sheet as at March 31, 2025, the standalone and consolidated Statement of Profit and Loss including the Statement of other Comprehensive Income and Cash Flow of the Company as on that date together with the Auditors’ Report thereon and Report of the Board of Directors.MoreLess
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundNon disclosure of the audited financial statements of Subsidiaries on the website of the Company.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundUnqualified financial statements. Non-Compliant with S.136(1) of the Companies Act & Regulation 46(2)(s) of SEBI LODR: Nondisclosure of the audited financial statements of Subsidiaries on the website of the Company.
    4 for5 against
  • To appoint Mrs. Supriya Rai (holding DIN: 01756994), Director, who retires by rotation and being eligible, offers herself for re-appointment.
    9 for0 against
  • To confirm the payment of Interim Dividend of Re. 1.25 (125%) and to declare Final Dividend of Re. 1.75 (175%) for the financial year 2024-25.
    9 for0 against
  • To ratify the remuneration payable to Messrs. G N V and Associates, Cost Accountants, Cost Auditors of the Company for the financial year 2025-26.
    9 for0 against
  • Appointment of Secretarial Auditors for the period of 5 years from April 1, 2025 to March 31, 2030.
    9 for0 against
1 proposal not matched to one resolution
  • To the revised terms of appointment of Mr. Aashish Rai holding office or place of profit, as Head of Data Science, subject to the maximum remuneration not exceeding Rs. 60,00,000/- per annum.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance Concern: Basis of arriving at remuneration not disclosed and no clarity on whether proposed remuneration is comparable with similar grade employees, hence fairness of proposed remuneration cannot be ascertained.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance Concern: Basis of arriving at remuneration not disclosed and no clarity on whether proposed remuneration is comparable with similar grade employees, hence fairness of proposed remuneration cannot be ascertained.
    4 for5 against
6 earlier meetings

Mutual fund votes, meeting of 16 Mar 2025, 6 fund houses

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

  • APPOINTMENT OF MR. GAYA NAND GAUBA (DIN: 00034596) AS A NON-EXECUTIVE INDEPENDENT DIRECTOR OF THE COMPANY.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual FundNo concern identified on the merits of proposed appointee. Non-Compliant with SEBI (LODR), 2015 & Companies Act, 2013: Terms and Conditions of appointment of proposed IDs not disclosed on the website of the Company.
    • Motilal Oswal Mutual Fund"No concern identified on the merits of proposed appointee. Non-Compliant with SEBI (LODR), 2015 & Companies Act, 2013: Terms and Conditions of appointment of proposed IDs not disclosed on the website of the Company."
    3 for3 against
  • APPOINTMENT OF MRS. RAJNI ANIL MISHRA (DIN: 08386001) AS A NON-EXECUTIVE 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 identified on the merits of proposed appointee. Non-Compliant with SEBI (LODR), 2015 & Companies Act, 2013: Terms and Conditions of appointment of proposed IDs not disclosed on the website of the Company.
    3 for3 against
  • RE-APPOINTMENT MR. AKHILESH RAI (DIN: 07982469) AS WHOLE TIME DIRECTOR AND CHIEF STRATEGY OFFICER OF THE COMPANY.
    6 for0 against
  • RE-APPOINTMENT OF MR. HARISH HASSAN VISWESWARA (DIN: 08742808) AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
    6 for0 against
  • TO MAKE INVESTMENTS, GIVE LOANS, GUARANTEES AND SECURITY IN EXCESS OF LIMITS SPECIFIED UNDER SECTION 186 OF THE COMPANIES ACT, 2013.
    Against Axis Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Axis Mutual FundThe company seeks an enabling approval to increase in limits for giving loans, guarantees and make investments up to Rs 20.0 bn over and above limits available under Section 186 of Companies Act 2013. As on 31 March 2024, the company made investments/ guarantees of ~ Rs. 8.7 bn and thus has a sizeable headroom under the existing automatic limit of Rs. 12.5 bn. The company proposes to increase the limit to Rs. 20.0 bn over and above the automatic limit. We understand that the company has adequate headroom under the current limits. We do not favour rolling limits linked to net worth and recommend that companies seek approval for a fixed intercorporate transaction limit. The company must disclose granular details of its business plan justifying the need for a higher limit. This will enable shareholders to make an informed decision. The company must also clarify whether loans/guarantees given, and investments made will be to promoter owned/ controlled companies. In absence of any clarity on the utilisation of the proposed increased limit, proposed recipients and the rolling nature of the limit we are unable to support the resolution.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with the law. Governance & Transparency Concern: Omnibus approval with Inadequate disclosures w.r.t specific plan for utilization of said limit, the recipient of the proposed loans/ investments.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    1 for5 against
1 proposal not matched to one resolution
  • To borrow any sum or sums of monies, from time to time, in any form including but not limited to by way of loans, financial facility, through the issuance of debentures, commercial paper as to interest, repayment, or otherwise and with or without security, as the Board may think fit for the purposes of the Company’s business notwithstanding that the money or monies to be borrowed, together with the monies already borrowed by the Company (apart from temporary loans obtained from the Company’s bankers in the ordinary course of business) may exceed the aggregate of the paid-up share capital of the Company and its free reserves, provided however, the total amount so borrowed (apart from the temporary loans obtained from the Company’s bankers in the ordinary course of business) shall not exceed at any point in time a sum equivalent to Rs. 2,000 crore/- over and above the aggregate, of the paid-up share capital and free reserves of the Company.MoreLess
    Against Axis Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Axis Mutual FundThe company seeks an enabling approval to increase its borrowing limit up to Rs. 20.0 bn over and above limits available under Section 180(1)(c) of the Companies Act, 2013. The standalone debt stood at Rs. 2.6 bn on 31 March 2024. The company’s debt programs as on 18 July 2024 are rated ICRA AA/Stable/ICRA A1+ which denotes high degree of safety (for long-term debt) and very strong degree of safety (for short-term debt) regarding timely servicing of financial obligations. We note that the company has adequate headroom under the current limits. Further, we do not favour rolling limits linked to net worth and recommend that companies seek shareholder approval for a fixed borrowing limit. We believe that the company should have provided granular details regarding the reason for such a significant increase in limits. This will enable shareholders to make an informed decision. In absence of any clarity on the reason for such a significant increase in limits and the rolling nature of the limits, we are unable to support the resolution.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Majority of the borrowing limit is unutilized and absence of specific reasons for the proposed increase.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    1 for5 against

Mutual fund votes, meeting of 26 Sep 2024, 7 fund houses

  • Adoption of the Financial Statements of the Company which include Audited standalone nand consolidated Balance Sheet as at March 31, 2024, the standalone and Consolidated nStatement of Profit and Loss of the Company as on that date together with the Auditor’s nreport thereon and report of the Board of Directors.MoreLess
    Against Bandhan Mutual Fund, Groww Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual FundUnqualified financial statements. Non-Compliant with S.136(1) of the Companies Act & Regulation 46(2)(s) of SEBI LODR: Nondisclosure of the audited financial statements of Subsidiaries on the website of the Company.
    5 for2 against
  • To Appoint Mr. Akhilesh Rai (DIN: 07982469) Director who retires by rotation and being neligible, offers himself for re-appointment. n
    7 for0 against
  • To confirm the payment of Interim Dividend of Rs.1.10(110%) and to declare Final Dividend of Rs.1.40(140%) for the financial year 2023-24.n
    7 for0 against
  • To ratify the payment of Remuneration payable to Messrs G N V and Associates,Cost nAccountants,Cost Auditors for the Company for the financial Year 2024-25.n
    7 for0 against

Mutual fund votes, meeting of 24 Mar 2024, 10 fund houses

  • TO REAPPOINT MR. K. AJITH KUMAR RAI (DIN: 01160327) AS EXECUTIVE CHAIRMAN OF THE COMPANY.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Holding position of Executive & Chairman. No absolute cap on the commission proposed to be paid. Disparity in the remuneration paid to the Board.
    • Kotak Mahindra Mutual FundK Ajith Kumar Rai received Rs. 72.0 mn as remuneration in FY23. We estimated his FY24 remuneration at Rs. 82.7 mn and FY25 remuneration at Rs. 90.3 mn, which is high for the size of company and not in line with peers. K Ajith Kumar Rai s remuneration has increased over the last three years; however, the company s consolidated profits and EBITDA margins have declined. Further, his remuneration growth has outpaced growth in consolidated profits. His overall remuneration at ~3% of standalone profits is not capped in absolute amounts and the company has not disclosed performance metrics which determine his variable pay. Hence voting against.
    • Nippon India Mutual FundHolding Combined position.
    5 for5 against
  • TO PAY REMUNERATION IN EXCESS OF RS. 5 CRORES OR 2.5% OF THE NET PROFIT, WHICHEVER IS MORE TO MR. K AJITH KUMAR RAI, EXECUTIVE CHAIRMAN (ALSO PROMOTER) OF THE COMPANY.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Holding position of Executive & Chairman. No absolute cap on the commission proposed to be paid. Disparity in the remuneration paid to the Board.
    • Kotak Mahindra Mutual FundK Ajith Kumar Rai received Rs. 72.0 mn as remuneration in FY23. We estimated his FY24 remuneration at Rs. 82.7 mn and FY25 remuneration at Rs. 90.3 mn, which is high for the size of company and not in line with peers. K Ajith Kumar Rai s remuneration has increased over the last three years; however, the company s consolidated profits and EBITDA margins have declined. Further, his remuneration growth has outpaced growth in consolidated profits. His overall remuneration at ~3% of standalone profits is not capped in absolute amounts and the company has not disclosed performance metrics which determine his variable pay. Hence voting against.
    • Nippon India Mutual FundNo absolute cap on variable pay
    5 for5 against
  • TO REAPPOINT MR. MOHAN SRINIVASAN NAGAMANGALA (DIN: 01916468) AS MANAGING DIRECTOR AND GROUP CEO.
    10 for0 against

Mutual fund votes, meeting of 25 Sep 2023, 6 fund houses

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

  • Adoption of the Financial Statements of the Company which include audited standalone and consolidated Balance sheet as at March 31,2023, the satandalone and Consolidated Statement of Profit and Loss of the Company as on that date together with the Auditor's report thereon and report of the Bord of Directors.MoreLess
    6 for0 against
  • To Appoint Mrs. Supriya Rai (DIN:01756994) Director who retires by rotation and being eligible,offers herself for re-appointment.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. No concern identified with profile, time commitment and attendance performance of the appointee. Governance concern: Skewed remuneration in favour of Promoter and director is part of NRC.
    5 for1 against
  • To confirm the payment of Interim Dividend of Rs. 1.05 (105%) and to declare Final Dividend of Rs.1.25 (125%) for the Financial year 2022-23
    6 for0 against
  • Approval for Increase in Remuneration of Mr. Ashutosh Rai and holding an office or place of profit in the Company
    Against Axis Mutual Fund, Edelweiss Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Axis Mutual FundAshutosh Rai is the son of Arun Kumar, promoter and Executive Chairperson and Ms. Supriya A Rai, Non-Executive Director and brother of Akhilesh Rai, Executive Director & Chief Strategy Officer. He got his masters in mechanical engineering from Bristol University in 2014. Ashutosh Rai joined Suprajit Engineering in 2014. In FY23, his remuneration aggregated Rs. 4.6 mn. The board appointed him as Chief Technology Officer at its meeting on 29 May 2023. His remuneration will be as recommended by the NRC and the board. Therefore, we are unable to determine his remuneration. Further, the company has not defined a tenure for the validity of the proposed resolution and thus the resolution is effectively valid in perpetuity. We believe shareholders must get a chance to periodically approval such payments and thus, we are unable to support the resolution.
    • Edelweiss Mutual FundRemuneration not inline
    • Motilal Oswal Mutual FundCompliant with law. Governance concern: Age not disclosed and board discretion to fixed the remuneration.
    • Nippon India Mutual FundInadequate disclosure
    1 for4 against
  • To ratify the remuneration payable to Messrs G N V and Associates, Cost Accountants, Cost Auditors of the Company for the Financial year 2023-24.
    6 for0 against
1 proposal not matched to one resolution
  • 4) Appoint Ashutosh Rai in an office of profit as Chief Technology Officer and approve his remuneration.
    Against SBI Mutual Fund
    • SBI Mutual FundAshutosh Rai got his masters in mechanical engineering from Bristol University in 2014. Ashutosh Rai joined Suprajit Engineering in 2014. In FY23, his remuneration aggregated Rs. 4.6 mn. The board appointed him as Chief Technology Officer at its meeting on 29 May 2023. However, the company has not defined a tenure for the validity of the proposed resolution and thus the resolution is effectively valid in perpetuity. We believe shareholders must get a chance to periodically approve such payments. This is why we do not support the resolution.
    0 for1 against

Mutual fund votes, meeting of 3 May 2023, 7 fund houses

  • Appointment of Mr. Bhagya Chandra Rao (Din: 00211127) as Non-ExecutivenIndependent Director of the Company
    7 for0 against

Mutual fund votes, meeting of 26 Sep 2022, 6 fund houses

  • Adoption of the Financial Statements of the Company which include Audited Standalonenand Consolidated Balance Sheet as at March 31, 2022, the Standalone and Consolidated nStatement of Profit and Loss of the Company as on that date together with the Auditor’s nreport thereon and report of the Board of Directors.MoreLess
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundNon-disclosure of latest financial statements of Subsidiaries on the website
    5 for1 against
  • To Appint Mr.Akhilesh Rai (DIN: 07982469) Director who retires by rotation and being neligible, offers himself for re-appointment.
    6 for0 against
  • To confirm the payment of Interim Dividend of Re.0.90(90%) and to declare Final Dividend nof Re.1.10(110%) for the financial year 2021-22.
    6 for0 against
  • To Re-Appoint M/s.S.R.Batliboi and Associates LLP,Chartered Accountants as Statutoryn Auditors of the Company and Authorize the Board of Directors to Fix their remuneration.
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundInadequate disclosure
    5 for1 against
  • To ratify the remuneration payable to Messrs G N V and Associates, Cost Accountants,Cost nAuditors of the company for the financial year 2022-23.n
    6 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 1 complaint open, quarter to Jun 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
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.