Symphony logo

Symphony MD, chairman, board of directors and AGM

NSE: SYMPHONYBSE: 517385Consumer DurablesSmall Cap

Last close ₹494.50down ₹30.75 (5.85%)BSE ₹494.85

Share price at the NSE close on 23 Oct 2026. Previous close ₹525.25.

52-week range of traded prices to 23 Oct 2026
₹486.95Low, 23 Oct 2026₹970.45High, 3 Feb 2026
Market cap
₹3,396 Cr747th largest listed
P/E
Earlier quarters restated in the year
P/B
6.2
Dividend yield
1.82%
ROCE
19.2%
Debt to equity
0.26
Volume, NSE
1,35,64047.0% delivered

Symphony 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

  • Chairperson and managing directorACHAL ANIL BAKERI
  • Managing directorNRUPESH CHANDRAVADAN SHAH
  • Company Secretary and Compliance OfficerMAYUR BARVADIYA

7 directors4 independent2 executive1 non-executive

  • ACHAL ANIL BAKERI · Chairperson and managing directorExecutive · joined Feb 1988 · reappointed Dec 2022 · 3 listed boards · 2 as independent · 1 committee seat
  • NRUPESH CHANDRAVADAN SHAH · Managing directorExecutive · joined Oct 2002 · reappointed Nov 2021 · 1 listed board · 3 committee seats, 1 as chair
  • JONAKI ACHAL BAKERINon-executive · joined Aug 2014 · reappointed Aug 2024 · 1 listed board
  • ASHISH RAMESHCHANDRA DESHPANDEIndependent · joined May 2018 · reappointed May 2023 · 100 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • REENA PRAVIN BHAGWATIIndependent · joined Feb 2019 · reappointed Feb 2024 · 91 months as independent · 4 listed boards · 3 as independent · 6 committee seats
  • SANTOSH KUMAR NEMAIndependent · joined Jul 2019 · reappointed Jul 2024 · 86 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • MALAVIKA R HARITAIndependent · joined Aug 2024 · reappointed Aug 2024 · 25 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 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.

2 directors who left
  • AMIT KUMAR, left 27 Mar 2026: Others
  • NAISHADH INDRAKANT PARIKH, left 12 Aug 2025: Tenure Completion

Committees and meetings

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

  • Board

    • 4 Aug 20267 of 7 present4 independent · 80 days in between
    • 15 May 20267 of 7 present4 independent · 6 days in between
    • 8 May 20266 of 7 present3 independent

  • Audit Committee

    Chair SANTOSH KUMAR NEMA

    ASHISH RAMESHCHANDRA DESHPANDE, REENA PRAVIN BHAGWATI, MALAVIKA R HARITA

    • 3 Aug 20264 of 4 present4 independent · 80 days in between
    • 14 May 20264 of 4 present4 independent

  • Nomination and remuneration committee

    Chair REENA PRAVIN BHAGWATI

    ASHISH RAMESHCHANDRA DESHPANDE, SANTOSH KUMAR NEMA, MALAVIKA R HARITA

    • 3 Aug 20264 of 4 present4 independent · 80 days in between
    • 14 May 20264 of 4 present4 independent

  • Stakeholders Relationship Committee

    Chair MALAVIKA R HARITA

    NRUPESH CHANDRAVADAN SHAH, REENA PRAVIN BHAGWATI

    • 3 Aug 20263 of 3 present2 independent · 80 days in between
    • 14 May 20263 of 3 present2 independent

  • Risk Management Committee

    Chair REENA PRAVIN BHAGWATI

    ACHAL ANIL BAKERI, NRUPESH CHANDRAVADAN SHAH, Girish Thakkar, Mayur Barvadiya

    • 3 Aug 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair REENA PRAVIN BHAGWATI

    ACHAL ANIL BAKERI, NRUPESH CHANDRAVADAN SHAH

    • 3 Aug 20263 of 3 present1 independent · 80 days in between
    • 14 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.

  • M/s. B S R & Co. LLPPeer-review certificate valid to Jul 2028
1 earlier auditor
  • Deloitte Haskins & SellsNamed 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.

Symphony 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.Symphony dividend history

Annual general meeting, 4 Aug 2026

1,41,337 shareholders on the register on 28 Jul 2026; present: 12 promoters and 70 others; votes counted by Jitendra Leeya / Jitendra Leeya.The company's voting result (opens in a new tab)

  1. To receive, consider, and adopt the audited standalone financial statements of the Company for the financial year ended on March 31, 2026, together with the reports of the board of directors and auditors thereon.MoreLess
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 86.91% · promoters 100.00% · institutions 96.79% · other public 21.77%

  2. To receive, consider, and adopt the audited consolidated financial statements of the Company for the financial year ended on March 31, 2026, together with the report of the auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 86.91% · promoters 100.00% · institutions 96.79% · other public 21.77%

  3. To confirm payment of three interim dividends aggregating to Rs. 4.00 per share and to declare a final dividend of Rs. 5.00 per share on equity shares for the financial year 2025-26.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 87.00% · promoters 100.00% · institutions 97.66% · other public 21.77%

  4. To appoint a director in place of Ms. Jonaki Bakeri (DIN - 06950998) who retires by rotation, and being eligible, offers herself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 87.00% · promoters 100.00% · institutions 97.66% · other public 21.77%

  5. Re-appointment of Mr. Nrupesh Shah (DIN - 00397701) as Managing Director - Corporate Affairs.
    Special
    100.00% for0.00% against

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

    Turnout: all 87.00% · promoters 100.00% · institutions 97.66% · other public 21.77%

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, 1 Aug 2025, 7 resolutions

1,37,426 shareholders on the register on 25 Jul 2025; present: 12 promoters and 61 others; votes counted by Jitendra Leeya / Jitendra Leeya.The company's voting result (opens in a new tab)

  1. To receive, consider, and adopt the audited standalone financial statements of the Company for the financial year ended on March 31, 2025, together with the reports of the board of directors and auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 90.40% · promoters 100.00% · institutions 88.46% · other public 30.93%

  2. To receive, consider, and adopt the audited consolidated financial statements of the Company for the financial year ended on March 31, 2025, together with the report of the auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 90.40% · promoters 100.00% · institutions 88.46% · other public 30.92%

  3. To confirm payment of three interim dividends aggregating to Rs.5.00 per share and to declare a final dividend of Rs.8.00 per share on equity shares 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 90.68% · promoters 100.00% · institutions 90.29% · other public 30.92%

  4. To appoint a director in place of Mr. Nrupesh Shah (DIN: 00397701) who retires by rotation, and being eligible, offers himself for re-appointment.
    Ordinary
    99.70% for0.30% against

    Against: promoters 0.00% · institutions 1.98% · other public 0.01%

    Turnout: all 90.68% · promoters 100.00% · institutions 90.29% · other public 30.92%

  5. Appointment of M s. B S R and Co. LLP, Chartered Accountants as the Statutory Auditors of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 90.68% · promoters 100.00% · institutions 90.29% · other public 30.92%

  6. Appointment of M s. SPANJ and Associates,Practising Company Secretaries as the Secretarial Auditors of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 90.68% · promoters 100.00% · institutions 90.29% · other public 30.92%

  7. Enhancement of the existing limit under Section 186 of the Companies Act, 2013.
    Special
    93.43% for6.57% against

    Against: promoters 0.00% · institutions 43.35% · other public 0.10%

    Turnout: all 90.68% · promoters 100.00% · institutions 90.29% · other public 30.92%

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

Annual general meeting, 6 Aug 2024, 6 resolutions

Present: 8 promoters and 52 others.The company's voting result (opens in a new tab)

  1. To receive, consider, and adopt the audited standalone financial statements of the Company for the financial year ended on March 31, 2024, together with the reports of the board of directors and auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 90.49% · promoters 100.00% · institutions 91.11% · other public 30.02%

  2. To receive, consider, and adopt the audited consolidated financial statements of the Company for the financial year ended on March 31, 2024, together with the report of the auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 90.49% · promoters 100.00% · institutions 91.11% · other public 30.02%

  3. To confirm payment of three interim dividends aggregating to Rs. 5.00 per share and to declare a final dividend of Rs. 8.00 per share on equity shares 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 90.60% · promoters 100.00% · institutions 91.90% · other public 30.02%

  4. To appoint a director in place of Ms. Jonaki Bakeri (DIN: 06950998) who retires by rotation, and being eligible, offers herself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.27% · other public 0.01%

    Turnout: all 90.60% · promoters 100.00% · institutions 91.90% · other public 30.02%

  5. To reappoint Mr. Santosh Nema (DIN:01907138) as an Independent Director of the Company for a second term of five consecutive years with effect from July 31, 2024.
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.25% · other public 0.01%

    Turnout: all 90.60% · promoters 100.00% · institutions 91.90% · other public 30.02%

  6. To appoint Ms. Malavika Ramanathan Harita (DIN:09005600) as an Independent Woman Director of the Company for a first term of 5 (five) consecutive years with effect from August 6, 2024.
    Special
    100.00% for0.00% against

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

    Turnout: all 90.60% · promoters 100.00% · institutions 91.90% · other public 30.02%

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, 6 Dec 2023, 1 resolution

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

  1. To consider and approve change in designation and remuneration of Mr. Nrupesh Shah (DIN:00397701)
    Special
    100.00% for0.00% against

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

    Turnout: all 90.20% · promoters 100.00% · institutions 86.41% · other public 37.16%

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, 4 Aug 2023, 5 resolutions

Present: 10 promoters and 42 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statements for the financial year ended on March 31, 2023, together with the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 89.98% · promoters 100.00% · institutions 95.61% · other public 24.00%

  2. To receive, consider, and adopt the audited consolidated financial statements of the Company for the financial year ended on March 31, 2023, together with the report of the auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 89.98% · promoters 100.00% · institutions 95.61% · other public 24.00%

  3. To confirm payment of two interim dividends aggregating to Rs. 4.00 per share and to declare a final dividend of Re. 1.00 per share on equity shares for the financial year 2022-23.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 90.08% · promoters 100.00% · institutions 96.37% · other public 24.00%

  4. To appoint a director in place of Mr. Amit Kumar (DIN: 01946117) 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 0.01%

    Turnout: all 90.08% · promoters 100.00% · institutions 96.37% · other public 24.00%

  5. Re-appointment of Ms. Reena Bhagwati (DIN: 00096280) as an Independent Woman Director of the Company for a period of 5 (five) years.
    Special
    97.78% for2.22% against

    Against: promoters 0.00% · institutions 14.54% · other public 0.01%

    Turnout: all 90.08% · promoters 100.00% · institutions 96.37% · other public 24.00%

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, 15 Mar 2023, 2 resolutions

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

  1. To consider and approve buyback of fully paid-up equity shares of the company.
    Special
    99.99% for0.01% against

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

    Turnout: all 92.58% · promoters 100.00% · institutions 96.94% · other public 40.60%

  2. To reappoint Mr. Ashish Deshpande (DIN: 00498890) as an Independent Director.
    Special
    95.31% for4.69% against

    Against: promoters 0.00% · institutions 29.79% · other public 0.02%

    Turnout: all 92.58% · promoters 100.00% · institutions 96.94% · other public 40.60%

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

Annual general meeting, 29 Aug 2022, 5 resolutions

Present: 10 promoters and 41 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statements for the financial year ended on March 31, 2022, together with the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 92.70% · promoters 100.00% · institutions 96.60% · other public 41.01%

  2. To receive, consider and adopt the audited consolidated financial statements for the financial year ended on March 31, 2022, together with the Report of the Auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 92.70% · promoters 100.00% · institutions 96.60% · other public 41.01%

  3. To confirm payment of two interim dividends aggregating to ₹ 3.00 paid per share and approve final dividend of ₹6.00 per share for the financial year 2021-22
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 92.75% · promoters 100.00% · institutions 96.95% · other public 41.01%

  4. Re-appointment of Mr. Nrupesh Shah (DIN-00397701)
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 92.75% · promoters 100.00% · institutions 96.95% · other public 41.01%

  5. Re-appointment of Mr. Achal Bakeri (DIN – 00397573) as Managing Director of the Company for a period of 5 (five years)
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 92.75% · promoters 100.00% · institutions 96.95% · other public 41.01%

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

Annual general meeting, 10 Aug 2021, 6 resolutions

Present: 9 promoters and 39 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statements for the financial year ended on March 31, 2021, together with the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 90.57% · promoters 100.00% · institutions 94.78% · other public 35.05%

  2. To receive, consider and adopt the audited consolidated financial statements for the financial year ended on March 31, 2021, together with the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 90.57% · promoters 100.00% · institutions 94.78% · other public 35.05%

  3. To confirm payment of interim dividend aggregating to ₹ 1.00 per share and approve final dividend of ₹ 4.00 per share for the financial year 2020-21.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 90.60% · promoters 100.00% · institutions 95.02% · other public 35.05%

  4. To appoint a director in place of Ms. Jonaki Bakeri (DIN- 06950998) who retires by rotation and being eligible, offers herself for re-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 90.60% · promoters 100.00% · institutions 95.02% · other public 35.05%

  5. To re-appoint Mr. Nrupesh Shah (DIN – 00397701) as Whole Time Director Designated as an Executive Director of the Company for a period of 5 (five) years w.e.f. November 1, 2021.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 90.60% · promoters 100.00% · institutions 95.02% · other public 35.05%

  6. To appoint Mr. Amit Kumar (DIN – 01946117) as Executive Director and Group CEO of the Company for a period of 5 (five) years effective from August 2, 2021 upto August 1, 2026.
    Special
    97.70% for2.30% against

    Against: promoters 0.00% · institutions 16.52% · other public 0.01%

    Turnout: all 90.60% · promoters 100.00% · institutions 95.02% · other public 35.05%

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.

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 4 Aug 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider, and adopt the audited standalone financial statements of the Company for the financial year ended on March 31, 2026, together with the reports of the board of directors and auditors thereon.MoreLess
    2 for0 against
  • To receive, consider, and adopt the audited consolidated financial statements of the Company for the financial year ended on March 31, 2026, together with the report of the auditors thereon.
    2 for0 against
  • To confirm payment of three interim dividends aggregating to Rs. 4.00 per share and to declare a final dividend of Rs. 5.00 per share on equity shares for the financial year 2025-26.
    2 for0 against
  • To appoint a director in place of Ms. Jonaki Bakeri (DIN - 06950998) who retires by rotation, and being eligible, offers herself for re-appointment.
    2 for0 against
  • Re-appointment of Mr. Nrupesh Shah (DIN - 00397701) as Managing Director - Corporate Affairs.
    2 for0 against

Mutual fund votes, meeting of 1 Aug 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 audited standalone financial statements of the Company for the financial year ended on March 31, 2025, together with the reports of the board of directors and auditors thereon.MoreLess
    9 for0 against
  • To receive, consider, and adopt the audited consolidated financial statements of the Company for the financial year ended on March 31, 2025, together with the report of the auditors thereon.
    9 for0 against
  • To confirm payment of three interim dividends aggregating to Rs.5.00 per share and to declare a final dividend of Rs.8.00 per share on equity shares for the financial year 2024-25.
    9 for0 against
  • To appoint a director in place of Mr. Nrupesh Shah (DIN: 00397701) who retires by rotation, and being eligible, offers himself for re-appointment.
    9 for0 against
  • Appointment of M s. B S R and Co. LLP, Chartered Accountants as the Statutory Auditors of the Company.
    9 for0 against
  • Appointment of M s. SPANJ and Associates,Practising Company Secretaries as the Secretarial Auditors of the Company.
    9 for0 against
  • Enhancement of the existing limit under Section 186 of the Companies Act, 2013.
    Against UTI Mutual Fund
    • UTI Mutual FundAs on 31 March 2025, the company has outstanding loans, investments, guarantees and securities of Rs. 9.0 bn which constitutes 90.0% of the existing limit (Rs. 10.0 bn) for such transactions under Section 186 of Companies Act, 2013. The company seeks to increase the limit to Rs. 15.0 bn or the automatic limit (Rs. 7.5 bn), whichever is higher. The company utilises the limit to invest surplus funds in mutual funds, government bonds, and corporate securities, and to provide loans and guarantees to subsidiaries and others. The company proposes to enhance the limit to achieve greater financial flexibility given strong performance and rising bank balances.This is an enabling approval, and it allows the company to give loans/ guarantees/ provide securities to any company in which directors are interested, including promoter companies and companies with common directorships. While we understand that the company needs headroom to invest further, it must disclose granular details including names of these companies, the nature and size of their operations and terms of support, to enable shareholders to make an informed decision. Given the lack of clarity, we are unable to support the resolution.
    0 for1 against
1 proposal not matched to one resolution
  • To (i) give any loan to any person or other body corporate, (ii) to give any guarantee or provide security in connection with a loan to any other body corporate or person, and (iii) to acquire by way of subscription, purchase or otherwise, the securities of any other body corporate, from time to time in one or more tranches, as the Board at its absolute discretion deem beneficial and in the interest of the Company, in excess of the limits prescribed under Section 186 of the Act, for an amount not exceeding Rs. 1,500 Crore or limit as per the Act, whichever is higher, outstanding at any point of time, notwithstanding that the aggregate amount of loans and guarantees given or security provided and investments made, along with the investments, loans, guarantees or security proposed to be made or given by the Board may exceed the limits prescribed under Section 186 of the Act.MoreLess
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Quantum Mutual Fund
    • Angel One Mutual FundGovernance & Transparency Concern: Omnibus approval with inadequate disclosures with regards to specific plan for utilization of said limit, the recipient of the proposed loans/ investments, etc.
    • 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, etc.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive Holding)
    • Quantum Mutual FundFor the following Governance reason we vote against the Resolution. The company has not provided disclosures on recipients of loans and the manner of utilization of such loans. Therefore, we do not favour the resolution.
    2 for6 against
6 earlier meetings

Mutual fund votes, meeting of 6 Aug 2024, 5 fund houses

  • To receive, consider, and adopt the audited standalone financial statements of the Company for the financial year ended on March 31, 2024, together with the reports of the board of directors and auditors thereon.MoreLess
    5 for0 against
  • To receive, consider, and adopt the audited consolidated financial statements of the Company for the financial year ended on March 31, 2024, together with the report of the auditors thereon.
    5 for0 against
  • To confirm payment of three interim dividends aggregating to Rs. 5.00 per share and to declare a final dividend of Rs. 8.00 per share on equity shares for the financial year 2023-24.
    5 for0 against
  • To appoint a director in place of Ms. Jonaki Bakeri (DIN: 06950998) who retires by rotation, and being eligible, offers herself for re-appointment.
    5 for0 against
  • To reappoint Mr. Santosh Nema (DIN:01907138) as an Independent Director of the Company for a second term of five consecutive years with effect from July 31, 2024.
    5 for0 against
  • To appoint Ms. Malavika Ramanathan Harita (DIN:09005600) as an Independent Woman Director of the Company for a first term of 5 (five) consecutive years with effect from August 6, 2024.
    5 for0 against

Mutual fund votes, meeting of 6 Dec 2023, 8 fund houses

  • To consider and approve change in designation and remuneration of Mr. Nrupesh Shah (DIN:00397701)
    8 for0 against

Mutual fund votes, meeting of 4 Aug 2023, 5 fund houses

  • To receive, consider and adopt the audited standalone financial statements for the financial year ended on March 31, 2023, together with the Reports of the Board of Directors and Auditors thereon.
    5 for0 against
  • To receive, consider, and adopt the audited consolidated financial statements of the Company for the financial year ended on March 31, 2023, together with the report of the auditors thereon.
    5 for0 against
  • To confirm payment of two interim dividends aggregating to Rs. 4.00 per share and to declare a final dividend of Re. 1.00 per share on equity shares for the financial year 2022-23.
    5 for0 against
  • To appoint a director in place of Mr. Amit Kumar (DIN: 01946117) who retires by rotation, and being eligible, offers himself for re-appointment
    5 for0 against
  • Re-appointment of Ms. Reena Bhagwati (DIN: 00096280) as an Independent Woman Director of the Company for a period of 5 (five) years.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundReappointment compliant with Law. Governance concern: Excessive time Commitment as per SES.
    4 for1 against

Mutual fund votes, meeting of 15 Mar 2023, 7 fund houses

  • To consider and approve buyback of fully paid-up equity shares of the company.
    7 for0 against
  • To reappoint Mr. Ashish Deshpande (DIN: 00498890) as an Independent Director.
    Against Axis Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund
    • Axis Mutual Fund, SBI Mutual FundAshish Deshpande, 56, was appointed for a term of five years in May 2018. He has over three decades of experience in the field of design and is a Certified Usability Analyst. He is the co-founder of Elephant Designs Private Limited, a design practice. He attended 100% (4/4) of the meetings held in FY23. We raise concerns that there exists a pecuniary relationship between Ashish Deshpande and the company: Elephant Designs Private Limited was paid Rs. 2.0 mn in FY22 for the services rendered by them to the company. In FY21 and FY20, Elephant Designs Limited was paid Rs 3.53 mn and Rs 4.42 mn respectively. Given the pecuniary relationship between Elephant Designs Private Limited and the company, we believe that Ashish Deshpande should be appointed as a Non-Executive Non-Independent Director.
    • Nippon India Mutual FundPecuniary relationship
    4 for3 against

Mutual fund votes, meeting of 29 Aug 2022, 8 fund houses

  • To receive, consider and adopt the audited standalone financial statements for the financial year ended on March 31, 2022, together with the Reports of the Board of Directors and Auditors thereon.
    8 for0 against
  • To receive, consider and adopt the audited consolidated financial statements for the financial year ended on March 31, 2022, together with the Report of the Auditors thereon
    8 for0 against
  • To confirm payment of two interim dividends aggregating to ₹ 3.00 paid per share and approve final dividend of ₹6.00 per share for the financial year 2021-22
    8 for0 against
  • Re-appointment of Mr. Nrupesh Shah (DIN-00397701)
    8 for0 against
  • Re-appointment of Mr. Achal Bakeri (DIN – 00397573) as Managing Director of the Company for a period of 5 (five years)
    8 for0 against

Mutual fund votes, meeting of 10 Aug 2021, 6 fund houses

  • To receive, consider and adopt the audited standalone financial statements for the financial year ended on March 31, 2021, together with the Reports of the Board of Directors and Auditors thereon.
    6 for0 against
  • To receive, consider and adopt the audited consolidated financial statements for the financial year ended on March 31, 2021, together with the Report of the Auditors thereon.
    6 for0 against
  • To confirm payment of interim dividend aggregating to ₹ 1.00 per share and approve final dividend of ₹ 4.00 per share for the financial year 2020-21.
    6 for0 against
  • To appoint a director in place of Ms. Jonaki Bakeri (DIN- 06950998) who retires by rotation and being eligible, offers herself for re-appointment.
    6 for0 against
  • To re-appoint Mr. Nrupesh Shah (DIN – 00397701) as Whole Time Director Designated as an Executive Director of the Company for a period of 5 (five) years w.e.f. November 1, 2021.
    6 for0 against
  • To appoint Mr. Amit Kumar (DIN – 01946117) as Executive Director and Group CEO of the Company for a period of 5 (five) years effective from August 2, 2021 upto August 1, 2026.
    6 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 Sep 2026.

  • Fine or penaltyDistrict Consumer Disputes Redressal Commission KangraSince 18 Jul 2026

    The Hon'ble Forum has directed the Company to pay the value of cooler and compensation including INR 7,000 towards legal costs and compensation for mental agony. The Company has complied with the order.

    No such contravention or violation. Matter pertains to Consumer complaint for product issue.
  • Fine or penaltyDistrict Consumer Dispute Redressal Commission SasaramSince 15 Sep 2026

    The Hon'ble Forum has directed the Company to pay the value of cooler and compensation including INR 5,000 towards legal costs and compensation for mental agony. The Company has complied with the order.

    No such contravention or violation. Matter pertains to Consumer complaint for product issue.
  • Tax disputeAssistant Commissioner, Central GST & CX, Cuttack- II Division, Odisha.Since 12 Nov 2023
    Hearing awaited from the GSTAT
    At the filing before: Second appeal filed in GSTAT (GST Appellate Tribunal)
  • Tax disputeGST Commissioner (Appeals-I), Hyderabad, TelanganaSince 3 Sep 2024
    Hearing awaited from the GSTAT
    At the filing before: Second appeal filed in GSTAT (GST Appellate Tribunal)
  • Tax disputeGST Authority, KeralaSince 17 Feb 2024
    Hearing awaited
  • Tax disputeGST Authority, RajasthanSince 14 Mar 2024
    Hearing awaited
  • Tax disputeGST Authority, DelhiSince 28 Mar 2024
    Hearing awaited
  • Tax disputeGST Authority, Raipur, ChhattisgarhSince 30 Mar 2024
    Hearing awaited
    At the filing before: Appeal filed under the Amnesty Scheme and second appeal filed with the GSTAT.
7 more
  • Tax disputeGST Authority, Kadi Division, GujaratSince 2 Oct 2024
    Hearing awaited
  • Tax disputeGST Authority, Division-VI, Hadapsar, Pune MaharashtraSince 28 Oct 2024
    Hearing awaited
    At the filing before: Hearing was conducted by the Authority on February 18, 2026. Outcome of the hearing is awaited.
  • Tax disputeAddl. CCT, GST - Appeals, Kolkata, West BengalSince 4 May 2024
    Hearing awaited
    At the filing before: Second appeal filed in GSTAT (GST Appellate Tribunal).
  • Tax disputeGST Authority, Kadi Division, GujaratSince 16 Jan 2025
    Hearing awaited
  • Tax disputeCommercial Tax & GST Department, Cuttack, OdishaSince 30 Mar 2026
    Further communication is awaited from the department end.
    At the filing before: The authority raised a demand of Professional Tax for the FY - 2020-21. The same has been already paid by the Company and relevant details have been shared to the concerned officer. Further communication is awaited from the department end.MoreLess
  • Tax disputeCommissioner, Central GST and CE Commissionerate, DamanSince 29 Dec 2025
    The Company has filed six appeals before the CESTAT. Pending before CESTAT
  • Tax disputeCommissioner, Central GST and CE Commissionerate, DamanSince 31 Jul 2026
    The Commissioner has impossed penalty of INR 30 lakhs on the Company in respect to excise matter pertaining to the year 2009-2012. The Company will file an appeal before the CESTAT.

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

At most 3 complaints open, quarter to Mar 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
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.