Taj GVK Hotels & Resorts CEO, MD, chairman, board of directors and AGM

NSE: TAJGVKBSE: 532390Leisure ServicesSmall Cap

Last close ₹302.45down ₹7.15 (2.31%)BSE ₹302.65

Share price at the NSE close on 23 Oct 2026. Previous close ₹309.60.

52-week range of traded prices to 23 Oct 2026
₹281.35Low, 23 Mar 2026₹438.25High, 30 Dec 2025
Market cap
₹1,896 Cr1,132nd largest listed
P/E
No recent results
P/B
No recent results
Dividend yield
0.66%
Volume, NSE
82,91750.6% delivered

Taj GVK Hotels & Resorts 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

  • ChairpersonGunupati Venkata Krishna Reddy
  • Managing director and CEOShalini Bhupal
  • Company Secretary and Compliance OfficerJ SRINIVASA MURTHY

13 directors7 independent2 executive4 non-executive

  • Gunupati Venkata Krishna Reddy · ChairpersonNon-executive · joined Feb 1995 · reappointed Sep 2025 · 2 listed boards
  • Gunupati Indira Krishna ReddyNon-executive · joined Apr 2025 · reappointed Sep 2026 · 1 listed board · 1 committee seat
  • Shalini Bhupal · Managing director and CEOExecutive · joined Jun 2004 · reappointed Apr 2025 · 60 months as independent · 1 listed board · 1 committee seat
  • Krishna Ram BhupalExecutive · joined Oct 2009 · reappointed Apr 2025 · 60 months as independent · 1 listed board
  • Anoop Vrajlal MehtaNon-executive · joined Aug 2022 · reappointed Sep 2026 · 1 listed board
  • Dia Mehta BhupalNon-executive · joined Jul 2026 · reappointed Sep 2026 · 1 listed board
  • N Sandeep ReddyIndependent · joined May 2019 · reappointed May 2024 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • N Anil Kumar ReddyIndependent · joined May 2019 · reappointed May 2024 · 60 months as independent · 1 listed board · 1 as independent
  • L V SubrahmanyamIndependent · joined Aug 2022 · reappointed Aug 2022 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • N Ramesh KumarIndependent · joined May 2024 · reappointed May 2024 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Dinaz NoriaIndependent · joined Jun 2020 · reappointed Aug 2025 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • N Sambasiva RaoIndependent · joined Sep 2025 · reappointed Sep 2025 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • J Krishna KishoreIndependent · joined Sep 2025 · reappointed Sep 2025 · 60 months as independent · 1 listed board · 2 as independent · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

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

  • Board

    • 31 Jul 202613 of 13 present7 independent · 63 days in between
    • 28 May 202610 of 12 present6 independent

  • Audit Committee

    Chair N Anil Kumar Reddy

    N Sandeep Reddy, N Ramesh Kumar, L V Subrahmanyam, J Krishna Kishore, Gunupati Indira Krishna Reddy

    • 31 Jul 20265 of 6 present4 independent · 63 days in between
    • 28 May 20266 of 6 present5 independent

  • Nomination and remuneration committee

    Chair N Anil Kumar Reddy

    L V Subrahmanyam, N Ramesh Kumar, N Sambasiva Rao, J Krishna Kishore

    • 31 Jul 20264 of 4 present3 independent · 63 days in between
    • 31 Jul 20264 of 5 present4 independent · 63 days in between
    • 28 May 20265 of 5 present5 independent

  • Stakeholders Relationship Committee

    Chair N Anil Kumar Reddy

    L V Subrahmanyam, Shalini Bhupal, Dinaz Noria

    • 28 May 20264 of 4 present3 independent

  • Risk Management Committee

    Chair N Anil Kumar Reddy

    Gunupati Indira Krishna Reddy, Shalini Bhupal

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair N Anil Kumar Reddy

    L V Subrahmanyam, N Ramesh Kumar

    No meeting listed in the filing.

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 BHASKARA RAO & COPeer-review certificate valid to Apr 2027

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

Taj GVK Hotels & Resorts 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.Taj GVK Hotels & Resorts dividend history

Annual general meeting, 9 Sep 2026

84,885 shareholders on the register on 1 Sep 2026; present: 5 promoters and 67 others; votes counted by MR. G NARENDER / M/S. G NARENDER & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Adoption of the Standalone and Consolidated Audited Accounts for the year ended 31.03.2026 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 0.04%

    Turnout: all 26.25% · promoters 30.63% · institutions 95.81% · other public 0.08%

  2. To declare a dividend on Equity Shares for the Financial Year ended March 31, 2026
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 26.25% · promoters 30.63% · institutions 95.81% · other public 0.08%

  3. To appoint Mr. Anoop Vrajlal Mehta (DIN: 00107044) as a Director liable to retire by rotation
    OrdinaryPromoters have an interest in it
    99.06% for0.94% against

    Against: promoters 0.00% · institutions 5.53% · other public 0.17%

    Turnout: all 26.25% · promoters 30.63% · institutions 95.81% · other public 0.08%

  4. To appoint Mrs. G Indira Krishna Reddy (DIN:00005230) as a Director liable to retire by rotation
    SpecialPromoters have an interest in it
    99.38% for0.62% against

    Against: promoters 0.00% · institutions 3.64% · other public 1.07%

    Turnout: all 26.25% · promoters 30.63% · institutions 95.81% · other public 0.08%

  5. Appointment of Mrs. Dia Mehta Bhupal (DIN:07123183) as a Non-Executive and Non-Independent Director of the Company and liable to retire by rotation
    OrdinaryPromoters have an interest in it
    99.06% for0.94% against

    Against: promoters 0.00% · institutions 5.53% · other public 0.56%

    Turnout: all 26.25% · promoters 30.63% · institutions 95.81% · other public 0.08%

  6. To change the name of the company from “Taj GVK Hotels & Resorts Limited” to “Krishna GVK Luxury Hotels Limited”
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.16%

    Turnout: all 26.25% · promoters 30.63% · institutions 95.81% · other public 0.08%

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, 5 Nov 2025, 2 resolutions

87,463 shareholders on the register on 26 Sep 2025; votes counted by MRS. V VIDYA RANI / M/S. VIDYA RANI & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To consider and approve the Appointment of Mr. N Sambasiva Rao (DIN:06638926) as Non-Executive & Independent Director of the Company
    Special
    99.38% for0.62% against

    Against: promoters 0.00% · institutions 20.86% · other public 3.89%

    Turnout: all 77.35% · promoters 100.00% · institutions 81.38% · other public 0.33%

  2. To consider and approve the Appointment of Mr. Jasthi Krishna Kishore (DIN:08001625) as Non-Executive & Independent Director of the Company
    Special
    99.38% for0.62% against

    Against: promoters 0.00% · institutions 20.86% · other public 4.06%

    Turnout: all 77.35% · promoters 100.00% · institutions 81.38% · other public 0.33%

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, 12 Sep 2025, 9 resolutions

85,697 shareholders on the register on 5 Sep 2025; present: 6 promoters and 48 others; votes counted by MRS. V VIDYA RANI / M/S. VIDYA RANI & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Adoption of the Standalone and Consolidated Audited Accounts for the year ended 31.03.2025 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 0.12%

    Turnout: all 78.07% · promoters 100.00% · institutions 73.00% · other public 0.15%

  2. To declare a dividend on Equity Shares for the Financial Year ended March 31, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.44%

    Turnout: all 78.07% · promoters 100.00% · institutions 73.00% · other public 0.15%

  3. To appoint Mr. Anoop Vrajlal Mehta (DIN: 00107044) as a Director liable to retire by rotation
    OrdinaryPromoters have an interest in it
    97.87% for2.13% against

    Against: promoters 0.00% · institutions 54.44% · other public 1.16%

    Turnout: all 78.07% · promoters 100.00% · institutions 73.00% · other public 0.15%

  4. To appoint Dr. GVK Reddy (DIN:00005212) as a Director liable to retire by rotation
    SpecialPromoters have an interest in it
    97.87% for2.13% against

    Against: promoters 0.00% · institutions 54.44% · other public 1.07%

    Turnout: all 78.07% · promoters 100.00% · institutions 73.00% · other public 0.15%

  5. Appointment of M/s. Vidya Rani & Associates as Secretarial Auditor of the company for a period of 5 years
    Ordinary
    99.39% for0.61% against

    Against: promoters 0.00% · institutions 15.67% · other public 0.46%

    Turnout: all 78.07% · promoters 100.00% · institutions 73.00% · other public 0.15%

  6. To appoint Mrs. Dinaz Noria (DIN:00892342) as Non-Executive and Independent Director of the company for second term of 5 years commencing from 01.08.2025 to 31.07.2030
    Special
    99.39% for0.61% against

    Against: promoters 0.00% · institutions 15.67% · other public 1.26%

    Turnout: all 78.07% · promoters 100.00% · institutions 73.00% · other public 0.15%

  7. Payment of Commission to Non-Executive Independent Directors of the company for the financial year 2024-25
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.31%

    Turnout: all 78.07% · promoters 100.00% · institutions 73.00% · other public 0.15%

  8. Appointment of Mrs. Shalini Bhupal (DIN:00005431) as Managing Director & CEO of the company for a period of 5 years commencing from 25.04.2025
    SpecialPromoters have an interest in it
    99.39% for0.61% against

    Against: promoters 0.00% · institutions 15.67% · other public 2.84%

    Turnout: all 78.07% · promoters 100.00% · institutions 73.00% · other public 0.15%

  9. Appointment of Mr. Krishna Ram Bhupal (DIN:00005442), as Joint Managing Director of the company for a period of 5 years commencing from 25.04.2025
    SpecialPromoters have an interest in it
    97.87% for2.13% against

    Against: promoters 0.00% · institutions 54.44% · other public 3.85%

    Turnout: all 78.07% · promoters 100.00% · institutions 73.00% · other public 0.15%

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 Apr 2025, 1 resolution

83,279 shareholders on the register on 19 Mar 2025; votes counted by MRS. V VIDYA RANI / M/S. VIDYA RANI & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To consider and approve the Appointment of Mrs. G Indira Krishna Reddy (DIN:00005230) under Promoter category as Non-Executive & Non-Independent Director of the Company w.e.f. 25th April, 2025 and her office as Director shall be liable to retire by rotation.MoreLess
    SpecialPromoters have an interest in it
    96.03% for3.97% against

    Against: promoters 0.00% · institutions 67.66% · other public 4.16%

    Turnout: all 79.71% · promoters 100.00% · institutions 81.37% · other public 0.26%

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, 17 Aug 2024, 10 resolutions

Present: 6 promoters and 68 others.The company's voting result (opens in a new tab)

  1. Adoption of the Standalone and Consolidated Audited Accounts for the year ended 31.03.2024 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 3.06%

    Turnout: all 77.18% · promoters 100.00% · institutions 95.12% · other public 0.16%

  2. To declare a dividend on Equity Shares for the Financial Year ended March 31, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.71%

    Turnout: all 77.18% · promoters 100.00% · institutions 95.12% · other public 0.16%

  3. Re-Appointment of Mr. Anoop Vrajlal Mehta (DIN: 00107044) as Director liable to retire by rotation
    OrdinaryPromoters have an interest in it
    99.17% for0.83% against

    Against: promoters 0.00% · institutions 29.55% · other public 3.40%

    Turnout: all 77.18% · promoters 100.00% · institutions 95.12% · other public 0.16%

  4. Re-Appointment of Mr. Prabhat Verma (DIN:06548864) as Director liable to retire by rotation
    Ordinary
    99.20% for0.80% against

    Against: promoters 0.00% · institutions 28.50% · other public 3.61%

    Turnout: all 77.18% · promoters 100.00% · institutions 95.12% · other public 0.16%

  5. Appointment of Mr. Nabakumar Shome (DIN:03605594) as a Non-Executive and Non-Independent Director of the Company and liable to retire by rotation
    Ordinary
    99.20% for0.80% against

    Against: promoters 0.00% · institutions 28.50% · other public 3.40%

    Turnout: all 77.18% · promoters 100.00% · institutions 95.12% · other public 0.16%

  6. To appoint Dr. N Ramesh Kumar (DIN:10506458) as Non-Executive and Independent Director of the company for 1st term of 5 years and not liable to retire by rotation
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.32%

    Turnout: all 77.18% · promoters 100.00% · institutions 95.12% · other public 0.16%

  7. To re-appoint Mr. N. Sandeep Reddy (DIN:00483826) Non-Executive Independent Director of the company, for 2nd term of 5 years and not liable to retire by rotation
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.50%

    Turnout: all 77.18% · promoters 100.00% · institutions 95.12% · other public 0.16%

  8. To re-appoint Mr. N Anil Kumar Reddy (DIN:00017586) Non-Executive Independent Director of the company, for 2nd term of 5 years and not liable to retire by rotation
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.51%

    Turnout: all 77.18% · promoters 100.00% · institutions 95.12% · other public 0.16%

  9. Payment of Commission to Non-Executive Independent Directors for the financial year 2023-24
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.64%

    Turnout: all 77.18% · promoters 100.00% · institutions 95.12% · other public 0.16%

  10. Re-appointment of Mrs. Shalini Bhupal (DIN:00005431) as Joint Managing Director of the company for another term of 5 years
    SpecialPromoters have an interest in it
    97.49% for2.51% against

    Against: promoters 0.00% · institutions 89.78% · other public 3.48%

    Turnout: all 77.18% · promoters 100.00% · institutions 95.12% · other public 0.16%

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, 15 Sep 2023, 8 resolutions

Present: 2 promoters and 64 others.The company's voting result (opens in a new tab)

  1. Adoption of the Standalone and Consolidated Audited Accounts for the year ended 31.03.2023 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 3.01%

    Turnout: all 79.38% · promoters 100.00% · institutions 96.85% · other public 0.16%

  2. To declare a dividend on Equity Shares for the Financial Year ended March 31, 2023
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.54%

    Turnout: all 79.50% · promoters 100.00% · institutions 99.40% · other public 0.16%

  3. Re-Appointment of Mr. Krishna R Bhupal (DIN:00005442) as Director liable to retire by rotation
    OrdinaryPromoters have an interest in it
    97.16% for2.84% against

    Against: promoters 0.00% · institutions 50.42% · other public 4.07%

    Turnout: all 79.50% · promoters 100.00% · institutions 99.40% · other public 0.16%

  4. Re-appointment of Dr. GVK Reddy (DIN: 00005282) as Director liable to retire by rotation
    SpecialPromoters have an interest in it
    99.01% for0.99% against

    Against: promoters 0.00% · institutions 17.52% · other public 6.41%

    Turnout: all 79.50% · promoters 100.00% · institutions 99.40% · other public 0.16%

  5. Appointment of Mr. Ashish Seth (DIN:03220739) as a Non-Executive and Non-Independent Director of the Company and liable to retire by rotation
    OrdinaryPromoters have an interest in it
    97.16% for2.84% against

    Against: promoters 0.00% · institutions 50.42% · other public 3.05%

    Turnout: all 79.50% · promoters 100.00% · institutions 99.40% · other public 0.16%

  6. Appointment of Mr. Prabhat Verma (DIN:06548864) as a Non-Executive and Non-Independent Director of the Company and liable to retire by rotation
    OrdinaryPromoters have an interest in it
    97.35% for2.65% against

    Against: promoters 0.00% · institutions 47.03% · other public 3.05%

    Turnout: all 79.50% · promoters 100.00% · institutions 99.40% · other public 0.16%

  7. Continuation of Mr. M B N Rao (DIN:00287260) Non-Executive Independent Director, who has attained the age of 75 years during his 2nd term of 5 years as Independent Director
    Special
    96.36% for3.64% against

    Against: promoters 0.00% · institutions 64.65% · other public 3.05%

    Turnout: all 79.50% · promoters 100.00% · institutions 99.40% · other public 0.16%

  8. Payment of Commission to Non-Executive Independent Directors for the financial year 2022-23
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.44%

    Turnout: all 79.50% · promoters 100.00% · institutions 99.40% · other public 0.16%

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, 15 Sep 2022, 6 resolutions

Present: 3 promoters and 54 others.The company's voting result (opens in a new tab)

  1. Adoption of the Standalone and Consolidated Audited Accounts for the year ended 31.03.2022 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 4.08%

    Turnout: all 78.35% · promoters 100.00% · institutions 91.43% · other public 0.22%

  2. Appointment of Mr. Krishna R Bhupal (DIN:00005442) as Director liable to retire by rotation
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 4.38%

    Turnout: all 78.35% · promoters 100.00% · institutions 91.43% · other public 0.22%

  3. Appointment of Mr. Puneet Chhatwal (DIN:07624616) as a Director liable to retire by rotation
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 5.50%

    Turnout: all 78.35% · promoters 100.00% · institutions 91.43% · other public 0.22%

  4. Re-appointment of M/s. M Bhaskara Rao & Co as Statutory Auditors of the company for a second term of 5 years
    Ordinary
    98.31% for1.69% against

    Against: promoters 0.00% · institutions 39.86% · other public 4.41%

    Turnout: all 78.35% · promoters 100.00% · institutions 91.43% · other public 0.22%

  5. Appointment of Mr. Anoop Vrajlal Mehta (DIN:00107044) as a Non-Executive and Non-Independent Director of the Company and liable to retire by rotation
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 5.94%

    Turnout: all 78.35% · promoters 100.00% · institutions 91.43% · other public 0.22%

  6. Appointment of Mr. L V Subrahmanyam (DIN:03524693) as Non Executive Independent Director of the Company for a term of 5 years
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.11%

    Turnout: all 78.35% · promoters 100.00% · institutions 91.43% · other public 0.22%

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, 24 Sep 2021, 7 resolutions

Present: 3 promoters and 46 others.The company's voting result (opens in a new tab)

  1. Adoption of the Standalone and Consolidated Audited Accounts for the year ended 31.03.2021 together with the reports of the Board of Directors and Auditors thereon.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.34%

    Turnout: all 75.64% · promoters 100.00% · institutions 78.49% · other public 0.34%

  2. Appointment of Mr. Krishna R Bhupal (DIN:00005442) as Director liable to retire by rotation
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 11.96%

    Turnout: all 75.63% · promoters 100.00% · institutions 78.49% · other public 0.34%

  3. Appointment of Dr. GVK Reddy (DIN:0005212) as a Director liable to retire by rotation
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.02%

    Turnout: all 75.63% · promoters 100.00% · institutions 78.49% · other public 0.34%

  4. Appointment of Mr. Rajeshkumar Harshadrai Parekh (DIN:01942405) as a Non-Executive and Non-Independent Director and liable to retire by rotation
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.38%

    Turnout: all 75.63% · promoters 100.00% · institutions 78.49% · other public 0.34%

  5. To borrow additional funds of Rs.250 crores under Section 180(1) (c) of the Companies Act, 2013
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 11.20%

    Turnout: all 75.63% · promoters 100.00% · institutions 78.49% · other public 0.34%

  6. To sell, mortgage, hypothecate dispose off any movable and immovable assets of the company as required under Section 180(1)(a) of the Companies Act, 2013
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 11.90%

    Turnout: all 75.63% · promoters 100.00% · institutions 78.49% · other public 0.33%

  7. To Issue of securities by way of QIP / Preferential issue upto an amount of Rs.250 Crore as required under section 23, 42, 62(1)(c) of the Companies Act, 2013
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.73%

    Turnout: all 75.63% · promoters 100.00% · institutions 78.49% · other public 0.34%

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

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 5 Nov 2025, 2 fund houses

  • To consider and approve the Appointment of Mr. N Sambasiva Rao (DIN:06638926) as Non-Executive & Independent Director of the Company
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern identified on the merits of proposed appointees. Non-Compliant with SEBI (LODR), 2015 & Companies Act, 2013: Directorship ceased on 12th September, 2025 i.e. 30th AGM of the Company, due to delayed shareholders' approval
    1 for1 against
  • To consider and approve the Appointment of Mr. Jasthi Krishna Kishore (DIN:08001625) as Non-Executive & Independent Director of the Company
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern identified on the merits of proposed appointees. Non-Compliant with SEBI (LODR), 2015 & Companies Act, 2013: Directorship ceased on 12th September, 2025 i.e. 30th AGM of the Company, due to delayed shareholders' approval
    1 for1 against

Mutual fund votes, meeting of 12 Sep 2025, 3 fund houses

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

  • Adoption of the Standalone and Consolidated Audited Accounts for the year ended 31.03.2025 together with the reports of the Board of Directors and Auditors thereon
    2 for0 against
  • To declare a dividend on Equity Shares for the Financial Year ended March 31, 2025
    3 for0 against
  • To appoint Mr. Anoop Vrajlal Mehta (DIN: 00107044) as a Director liable to retire by rotation
    Against HSBC Mutual Fund, Motilal Oswal Mutual Fund
    • HSBC Mutual FundItem 3 and 4: A vote AGAINST the following nominees is warranted because:• The board is chaired by a promoter director, the board is not at least one-half independent and Venkata Krishna Gunupati Reddy and Anoop Vrajlal Mehta are non-independent director nominees.
    • Motilal Oswal Mutual FundCompliant with law. No concerns on the merits of the appointee: Governance concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
    1 for2 against
  • To appoint Dr. GVK Reddy (DIN:00005212) as a Director liable to retire by rotation
    Against HSBC Mutual Fund, Motilal Oswal Mutual Fund
    • HSBC Mutual FundItem 3 and 4: A vote AGAINST the following nominees is warranted because:• The board is chaired by a promoter director, the board is not at least one-half independent and Venkata Krishna Gunupati Reddy and Anoop Vrajlal Mehta are non-independent director nominees.
    • Motilal Oswal Mutual FundCompliant with law. No concerns on the merits of the appointee: Governance concern: Board is non-compliant with the requirement of requisite number of Independent Directors and being Board Chairman is responsible for overall compliance. Chairman related to Executive Director, may lead to concentration of power within single family.
    1 for2 against
  • Appointment of M/s. Vidya Rani & Associates as Secretarial Auditor of the company for a period of 5 years
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern on merit of the proposed Secretarial Auditors. Non-Compliant with Regulation 36(5) of SEBI LODR: Proposed fee payable to incoming Secretarial Auditors not disclosed.
    2 for1 against
  • To appoint Mrs. Dinaz Noria (DIN:00892342) as Non-Executive and Independent Director of the company for second term of 5 years commencing from 01.08.2025 to 31.07.2030
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNon-Compliance with the Act: Proposed second term is not consecutive after completion of first term. No prior shareholders’ approval for re-appointment as ID.
    2 for1 against
  • Payment of Commission to Non-Executive Independent Directors of the company for the financial year 2024-25
    3 for0 against
  • Appointment of Mrs. Shalini Bhupal (DIN:00005431) as Managing Director & CEO of the company for a period of 5 years commencing from 25.04.2025
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern on the merits of the Director. Non-Compliant with SEBI LODR Regulations: Delayed approval of shareholders. Governance concerns: Board is non-compliant with the requirement of requisite number of Independent Directors; No absolute cap on variable pay.
    2 for1 against
  • Appointment of Mr. Krishna Ram Bhupal (DIN:00005442), as Joint Managing Director of the company for a period of 5 years commencing from 25.04.2025
    Against HSBC Mutual Fund, Motilal Oswal Mutual Fund
    • HSBC Mutual FundA vote AGAINST the following nominee is warranted because:• The board independence norms are not met, and Krishna Bhupal is a non-independent director nominee.• The quantum of his commission arrangement is considered open-ended as there is no absolute monetary cap on the element. The bonus element has been left uncapped, and board will have discretion to determine the payout under this element.• He will be paid the salary, perquisites, and allowances as minimum remuneration, in case of loss and inadequacy of profit.• Proposed remuneration is deemed higher than peers and is not commensurate with the size and scale of company's operations.
    • Motilal Oswal Mutual FundNo concern on the merits of the Director. Non-Compliant with SEBI LODR Regulations: Delayed approval of shareholders. Governance concerns: Board is non-compliant with the requirement of requisite number of Independent Directors; No absolute cap on variable pay.
    1 for2 against
1 proposal not matched to one resolution
  • Accept Financial Statements and Statutory Reports
    1 for0 against
4 earlier meetings

Mutual fund votes, meeting of 24 Apr 2025, 3 fund houses

  • To consider and approve the Appointment of Mrs. G Indira Krishna Reddy (DIN:00005230) under Promoter category as Non-Executive & Non-Independent Director of the Company w.e.f. 25th April, 2025 and her office as Director shall be liable to retire by rotation.MoreLess
    Against HSBC Mutual Fund
    • HSBC Mutual FundA vote AGAINST the following nominee is warranted because: • The board is chaired by a promoter director and the board is not at least one-half independent and Gunupati Indira Krishna Reddy is a non-independent director nominee
    2 for1 against

Mutual fund votes, meeting of 17 Aug 2024, 1 fund house

  • Adoption of the Standalone and Consolidated Audited Accounts for the year ended 31.03.2024 together with the reports of the Board of Directors and Auditors thereon
    1 for0 against
  • To declare a dividend on Equity Shares for the Financial Year ended March 31, 2024
    1 for0 against
  • Re-Appointment of Mr. Anoop Vrajlal Mehta (DIN: 00107044) as Director liable to retire by rotation
    1 for0 against
  • Re-Appointment of Mr. Prabhat Verma (DIN:06548864) as Director liable to retire by rotation
    1 for0 against
  • Appointment of Mr. Nabakumar Shome (DIN:03605594) as a Non-Executive and Non-Independent Director of the Company and liable to retire by rotation
    1 for0 against
  • To appoint Dr. N Ramesh Kumar (DIN:10506458) as Non-Executive and Independent Director of the company for 1st term of 5 years and not liable to retire by rotation
    1 for0 against
  • To re-appoint Mr. N. Sandeep Reddy (DIN:00483826) Non-Executive Independent Director of the company, for 2nd term of 5 years and not liable to retire by rotation
    1 for0 against
  • To re-appoint Mr. N Anil Kumar Reddy (DIN:00017586) Non-Executive Independent Director of the company, for 2nd term of 5 years and not liable to retire by rotation
    1 for0 against
  • Payment of Commission to Non-Executive Independent Directors for the financial year 2023-24
    1 for0 against
  • Re-appointment of Mrs. Shalini Bhupal (DIN:00005431) as Joint Managing Director of the company for another term of 5 years
    1 for0 against

Mutual fund votes, meeting of 15 Sep 2023, 3 fund houses

  • Adoption of the Standalone and Consolidated Audited Accounts for the year ended 31.03.2023 together with the reports of the Board of Directors and Auditors thereon
    3 for0 against
  • To declare a dividend on Equity Shares for the Financial Year ended March 31, 2023
    3 for0 against
  • Re-Appointment of Mr. Krishna R Bhupal (DIN:00005442) as Director liable to retire by rotation
    3 for0 against
  • Re-appointment of Dr. GVK Reddy (DIN: 00005282) as Director liable to retire by rotation
    3 for0 against
  • Appointment of Mr. Ashish Seth (DIN:03220739) as a Non-Executive and Non-Independent Director of the Company and liable to retire by rotation
    3 for0 against
  • Appointment of Mr. Prabhat Verma (DIN:06548864) as a Non-Executive and Non-Independent Director of the Company and liable to retire by rotation
    3 for0 against
  • Continuation of Mr. M B N Rao (DIN:00287260) Non-Executive Independent Director, who has attained the age of 75 years during his 2nd term of 5 years as Independent Director
    Against Bandhan Mutual Fund, Sundaram Mutual Fund
    • Bandhan Mutual FundNo concern on profile. Non-Compliant with SEBI LODR Regulations: Delayed approval for continuation beyond 75 years of age. Non-Compliant with Companies Act, 2013: Tenure exceeds 10 years. Governance Concern: Prolonged association.
    • Sundaram Mutual FundM B N Rao, 75, Former Chairperson and Managing Director of Canara Bank, has been on the board of the company since 24 October 2009 and attended all board meetings held in FY23. Recent changes in SEBI’s LODR require directors having attained the age of 75 to be re-approved by shareholders through a special resolution. In line with this regulatory change, M B N Rao’s continuation on the board requires shareholder approval. However, as per regulations, shareholder approval should have been sought prior to his turning 75 years of age. Furthermore, we consider directors to be non-independent once they cross a tenure of ten years from the date of their first appointment. We consider M B N Rao as non-independent due to his long association (~13 years) with the company.
    1 for2 against
  • Payment of Commission to Non-Executive Independent Directors for the financial year 2022-23
    3 for0 against

Mutual fund votes, meeting of 15 Sep 2022, 2 fund houses

  • Adoption of the Standalone and Consolidated Audited Accounts for the year ended 31.03.2022 together with the reports of the Board of Directors and Auditors thereon.
    2 for0 against
  • Appointment of Mr. Krishna R Bhupal (DIN:00005442) as Director liable to retire by rotation
    2 for0 against
  • Appointment of Mr. Puneet Chhatwal (DIN:07624616) as a Director liable to retire by rotation
    2 for0 against
  • Re-appointment of M/s. M Bhaskara Rao & Co as Statutory Auditors of the company for a second term of 5 years
    2 for0 against
  • Appointment of Mr. Anoop Vrajlal Mehta (DIN:00107044) as a Non-Executive and Non-Independent Director of the Company and liable to retire by rotation
    2 for0 against
  • Appointment of Mr. L V Subrahmanyam (DIN:03524693) as Non Executive Independent Director of the Company for a term of 5 years
    2 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

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
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.