Syrma SGS Technology MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 25 Aug 2026, 11 fund houses so far (houses' deadline to file 15 Oct 2026)

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

• To consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors thereon and the audited consolidated financial statements of the Company for the financial year ended March 31, 2026, along with the report of the Auditors thereon.MoreLess

  11 for0 against
• To declare dividend on Equity Shares for the financial year ended March 31, 2026.

  11 for0 against
• To appoint Mr. Jayesh Nagindas Doshi (DIN: 00017963), Director of the Company, who retires by rotation and has offered himself for re-appointment as a Director.

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, ICICI Prudential Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance Concern: Payment of the remuneration arising out of ESOPs was more than 50% of total amount paid as remuneration to all Non-Executive Directors in last two financial years, without approval of shareholders was Non-Compliant with Regulation 17(6) (ca) of SEBI LODR, 2015.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern identified on the merit and profile of the proposed appointee. Governance Concern: Payment of the remuneration arising out of ESOPs was more than 50% of total amount paid as remuneration to all NEDs in last two financial years, without approval of shareholders was Non-Compliant with Regulation 17(6) (ca) of SEBI LODR, 2015
  • ICICI Prudential Mutual FundGovernance concern as Payment of the remuneration arising out of ESOPs was more than 50% of total amount paid as remuneration to all NEDs in last two financial years, without approval of shareholders. Additionally, there is lack of disclosure to make a reasonable estimate of his total proposed remuneration. Hence, the AMC has voted against the resolution.

  7 for4 against
• Ratification of remuneration payable to M/s. Umesh Sagta & Associates, Cost Accountants, Cost Auditors of the Company for FY 2026-27.

  11 for0 against
• Re-appointment of Mr. Sandeep Tandon (DIN: 00054553) as an Executive Chairman of the Company.

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance Concern: Appointee is Board Chairperson and the Company has paid remuneration to Non-Executive Director without requisite approval under Regulation 17(6) (ca) of SEBI LODR, 2015, hence, failure in duties as Board Chairperson.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. Governance Concern: Appointee is Board Chairperson and the Company has paid remuneration to NED without requisite approval under Regulation 17(6) (ca) of SEBI LODR, 2015, hence, failure in duties as Board Chairperson

  8 for3 against
• Appointment of Mr. Jayesh Nagindas Doshi (DIN: 00017963) as a Whole Time Director of the Company.

  ›Against Angel One Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Helios Mutual Fund, ICICI Prudential Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundDelayed Shareholders’ approval proposed i.e. after lapse of more than three months from the date of appointment. Transparency Concern: No clarity on future stock options to be granted, if any.
  • DSP Mutual Fund, Jio BlackRock Mutual FundJayesh Doshi, 61, till recently served as Non-Executive Non-Independent Director. The company seeks shareholders’ approval to appoint him as the Whole time Director. His proposed remuneration for FY27 is estimated at Rs 20.4 mn, excluding value of stock options. While he has been granted stock options in the past, there is no clarity on the quantum of options that may be awarded during his tenure. We note that the past grants have been made at deep discount to the market price. Given the lack of disclosure, we are unable to make a reasonable estimate of his total proposed remuneration. While we support his appointment as a Whole time Director, we do not support his remuneration.
  • Edelweiss Mutual Fund, Navi Mutual FundNo concern identified on the merit and profile of the proposed appointee. Non-Compliant with Regulation 17(1C) of the SEBI (LODR) Regulations: Delayed Shareholders’ approval proposed i.e. after lapse of more than three months from the date of appointment. Transparency Concern: No clarity on future stock options to be granted, if any
  • Helios Mutual FundMr Doshi's proposed remuneration for FY27 is estimated at INR20.4m, excluding value of stock options. While he has been granted stock options in the past, there is no clarity on the quantum of options that may be awarded during his tenure. We note that the past grants have been made at deep discount to the market price. Given the lack of disclosure, we are unable to make a reasonable estimate of his total proposed remuneration. While we support his appointment as a Whole time Director, we do not support his remuneration.
  • ICICI Prudential Mutual FundJayesh Doshi, 61, till recently served as Non-Executive Non-Independent Director. The company seeks shareholders’ approval to appoint him as the Whole Time Director. His proposed remuneration for FY27 is estimated at Rs 20.4 mn, excluding value of stock options. While he has been granted stock options in the past, there is no clarity on the quantum of options that may be awarded during his tenure. The past grants have been made at deep discount to the market price. Given the lack of disclosure, it is difficult to make a reasonable estimate of his total proposed remuneration. Hence, on prudent basis, we do not support this resolution. The AMC has voted against the resolution.

  4 for7 against
• To seek approval under Section 180(1)(a) of the Companies Act, 2013 for creation of mortgage or charge on the assets, properties or undertaking(s) of the Company.

  11 for0 against
• To seek approval for raising of funds by issue of further shares/securities on preferential basis through private placement to Qualified Institutional Investors.

  11 for0 against
• To seek approval for payment of remuneration to Related Party.

  ›Against ICICI Prudential Mutual Fund

  • ICICI Prudential Mutual FundIshaan Tandon is the son of Sandeep Tandon, Executive Chairperson. He is presently holding the position of Manager-Strategy and Innovation at Syrma Technology Inc, USA, wholly owned subsidiary. He leads strategic business development, new-age lead generation, mergers and acquisitions, talent acquisition, and marketing initiatives while driving the company's expansion into emerging technology sectors. Alongside his commercial responsibilities, he has led the conception, strategy, and execution of SyrmaOS, Syrma's proprietary digital quoting and supplier collaboration platform designed to transform the company's end-to-end quotation process. The company proposes to revise his remuneration to $75,000 per annum. The company has not provided clarity on his age, current remuneration, date of first appointment and how the proposed remuneration has been benchmarked with peers in the company. Given the lack of disclosures, the AMC has voted against the resolution.

  7 for1 against

Mutual fund votes, meeting of 26 Sep 2025, 24 fund houses

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

• To consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2025, along with the Reports of the Board of Directors and Auditors thereon and the audited consolidated financial statements of the Company for the financial year ended March 31, 2025, along with the report of the Auditors thereonMoreLess

  ›Against Angel One Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundNon-disclosure of audited financial statements of subsidiaries on the website of the Company.
  • 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 audited financial statements of subsidiaries on the website of the Company.
  • LIC Mutual FundConcerns over Nondisclosure of audited financial statements of subsidiaries on the website of the Company.

  19 for5 against
• To declare dividend on Equity Shares for the financial year ended March 31, 2025

  24 for0 against
• To appoint Mr. Sudeep Tandon (DIN: 02214657), as Director of the Company in place of Mr. Jaideep Tandon (DIN: 01693731), director of the Company, who retires by rotation and has not offered himself for re-appointmentMoreLess

  24 for0 against
• Ratification of remuneration payable to M/s. Umesh Sagta & Associates, Cost Accountants, Cost Auditors of the Company for FY 2025-26

  24 for0 against
• Appointment of M/s. DPV & Associates LLP., Practicing Company Secretaries as Secretarial Auditor of the Company

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundTransparency Concern: Audit fee of outgoing Auditors not disclosed, hence shareholders cannot ascertain if there exists a material change in the Audit fee proposed when compared to fee paid to outgoing auditors.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of the proposed Auditors. Transparency Concern: Audit fee of outgoing Auditors not disclosed, hence shareholders cannot ascertain if there exists a material change in the Audit fee proposed when compared to fee paid to outgoing auditors.

  20 for4 against
• Raising of funds by issue of further shares/securities on preferential basis through private placement to qualified Institutional Investors

  4 for0 against

• Unlisted stake boughtESG GREEN ENERGY PRIVATE LIMITEDSince 4 Jun 2026

  4.37% bought in the quarter; holding 4.37%, from 0.00%

• Fine or penaltyOFFICE OF THE COMMISSIONER OF CUSTOMS (AUDIT), MUMBAISince 17 Apr 2026

  Observations/issues raised during Premise Based Audit

  The Company had cleared the impugned goods “plastic tray” under Custom Tariff Heading 85381010 and paid BCD @7.5%. However, the Department classified the said goods i.e. “plastic tray” under Customs Tariff Heading 39269099 and levied BCD @15%. The Company has paid the differential duty together with interest and penalty.MoreLess
• Tax disputeThe Assistant commissioner, Pallavaram circleSince 17 Apr 2024
  Appeal filed against Order, posted for hearing
  At the filing before: Availment of input tax credit for cases not reflecting in the GSTR 2A and appeal against the demand filed.
• Tax disputeThe Assistant commissioner, Pallavaram circleSince 21 Dec 2023
  Appeal filed against Order, posted for hearing
  At the filing before: Pertains to payment of IGST through Mepz customs for the transaction during the GST inception period of GST for FY 2017. We have submitted the payment and BOE copies and filed appeal.
• Tax disputeExise and Taxation Officer Ward-Gurugra( North)Since 29 Dec 2025
  Appeal has been filed against the order. Hearing date is awaited.
  At the filing before: Tax on Entry of goods into Local Area Act 2008- Vat-2003 ( (Order pass on 27-10-2025, order received on 29-12-2025) for FY 2015-16: Rs. 4,86,047/-, for FY 2016-17 : Rs. 10,30,572/- and for FY 2017-18 : Rs. 1,58,375/- aggregating to Rs. 16,74,994/-.MoreLess

In the company's own words, from its latest governance filing.

The board is made up as the listing rules require

Yes

The board has a regular chairperson

Yes

The company has a risk management committee

Yes

The chair is related to the managing director

No

The filing has a part on fines and penalties

Yes

The filing has a part on tax disputes

Yes

There was a cyber security incident in the quarter

No

The company's own answers in its filing.