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Tata Chemicals CEO, MD, chairman, board of directors and AGM

NSE: TATACHEMBSE: 500770Chemicals & PetrochemicalsSmall Cap

Last close ₹576.80down ₹17.30 (2.91%)BSE ₹575.50

Share price at the NSE close on 23 Oct 2026. Previous close ₹594.10.

52-week range of traded prices to 23 Oct 2026
₹570.05Low, 23 Oct 2026₹918.85High, 23 Oct 2025
Market cap
₹14,694 Cr363rd largest listed
P/E
Lossover the last 12 months
P/B
0.7
Dividend yield
1.91%
ROE
−10.1%
ROE without one-offs
−1.0%
ROCE
1.5%
Debt to equity
0.36
Volume, NSE
7,27,52340.9% delivered

Tata Chemicals board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonSankaranarayanan Padmanabhan
  • Managing director and CEOMukundan Ramakrishnan
  • Company Secretary and Compliance OfficerJeraz E. Mahernosh

7 directors4 independent1 executive2 non-executive

  • Sankaranarayanan Padmanabhan · ChairpersonNon-executive · joined Dec 2016 · 2 listed boards
  • Padmini Khare KaickerIndependent · joined Apr 2018 · reappointed Apr 2023 · 99 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 3 as chair
  • C V NatrajIndependent · joined Aug 2019 · reappointed Aug 2024 · 82 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • Kanwar Bir Singh AnandIndependent · joined Oct 2019 · reappointed Oct 2024 · 80 months as independent · 6 listed boards · 6 as independent · 8 committee seats, 3 as chair
  • Rajiv DubeIndependent · joined Sep 2020 · reappointed Sep 2025 · 69 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 1 as chair
  • Modan SahaNon-executive · joined May 2025 · 1 listed board · 3 committee seats
  • Mukundan Ramakrishnan · Managing director and CEOExecutive · joined Nov 2008 · 2 listed boards · 3 committee seats

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.

1 director who left
  • N. Chandrasekaran, left 29 May 2025: Others

Committees and meetings

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

  • Board

    • 4 May 20267 of 7 present4 independent · 53 days in between
    • 11 Mar 20267 of 7 present4 independent · 36 days in between
    • 2 Feb 20267 of 7 present4 independent

  • Audit Committee

    Chair Padmini Khare Kaicker

    Kanwar Bir Singh Anand, C V Natraj, Rajiv Dube, Modan Saha

    • 4 May 20265 of 5 present4 independent · 40 days in between
    • 24 Mar 20264 of 5 present3 independent · 12 days in between
    • 11 Mar 20265 of 5 present4 independent · 36 days in between
    • 2 Feb 20265 of 5 present4 independent

  • Nomination and remuneration committee

    Chair C V Natraj

    Sankaranarayanan Padmanabhan, Kanwar Bir Singh Anand

    • 4 May 20263 of 3 present2 independent · 53 days in between
    • 11 Mar 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Rajiv Dube

    Mukundan Ramakrishnan, Modan Saha

    • 24 Mar 20263 of 3 present1 independent

  • Risk Management Committee

    Chair Kanwar Bir Singh Anand

    Padmini Khare Kaicker, Mukundan Ramakrishnan, Modan Saha, Nandakumar S Tirumalai

    • 11 Mar 20264 of 4 present2 independent

  • Corporate Social Responsibility Committee

    Chair Sankaranarayanan Padmanabhan

    C V Natraj, Mukundan Ramakrishnan

    • 24 Mar 20263 of 3 present1 independent

  • Safety, Health, Environment and Sustainability Committee

    Chair Rajiv Dube

    C V Natraj, Mukundan Ramakrishnan

    • 24 Mar 20263 of 3 present2 independent

  • Asset Review Committee

    Padmini Khare Kaicker, Rajiv Dube, Mukundan Ramakrishnan

    • 9 May 20263 of 3 present2 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 Jun 2026.

  • B S R & Co. LLPPeer-review certificate valid to Jul 2028

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.

Tata Chemicals 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.Tata Chemicals dividend history

Annual general meeting, 26 Jun 2026

6,56,088 shareholders on the register on 19 Jun 2026; present: 7 promoters and 93 others; votes counted by P. N. Parikh / Parikh & Associates.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 March 31, 2026, together with the Reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.05% · other public 6.00%

    Turnout: all 68.56% · promoters 100.00% · institutions 91.23% · other public 0.33%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.30%

    Turnout: all 68.56% · promoters 100.00% · institutions 91.23% · other public 0.33%

  3. To declare dividend on the Ordinary Shares for the financial year ended March 31, 2026
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.79%

    Turnout: all 68.63% · promoters 100.00% · institutions 91.45% · other public 0.33%

  4. To appoint a Director in place of Mr. S. Padmanabhan (DIN: 00306299), who retires by rotation and being eligible, offers himself for re-appointment up to and inclusive of May 14, 2028
    Ordinary
    99.31% for0.69% against

    Against: promoters 0.00% · institutions 1.52% · other public 9.69%

    Turnout: all 68.63% · promoters 100.00% · institutions 91.45% · other public 0.33%

  5. Ratification of Remuneration of Cost Auditors
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.11%

    Turnout: all 68.63% · promoters 100.00% · institutions 91.45% · 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.

Annual general meeting, 30 Jun 2025, 8 resolutions

6,96,891 shareholders on the register on 23 Jun 2025; present: 15 promoters and 147 others; votes counted by Jigyasa N Ved / Parikh & Associates.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 March 31, 2025, together with the Reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.47%

    Turnout: all 70.05% · promoters 100.00% · institutions 89.95% · other public 0.33%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 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 1.50%

    Turnout: all 70.05% · promoters 100.00% · institutions 89.95% · other public 0.33%

  3. To declare dividend on the Ordinary Shares for the financial year ended March 31, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.44%

    Turnout: all 68.45% · promoters 100.00% · institutions 84.36% · other public 0.33%

  4. To appoint a Director in place of Mr. R. Mukundan (DIN: 00778253), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.62% for0.38% against

    Against: promoters 0.00% · institutions 0.83% · other public 1.89%

    Turnout: all 70.10% · promoters 100.00% · institutions 90.09% · other public 0.33%

  5. Re-appointment of Mr. Rajiv Dube (DIN: 00021796) as an Independent Director of the Company
    Special
    99.46% for0.54% against

    Against: promoters 0.00% · institutions 1.18% · other public 2.40%

    Turnout: all 70.10% · promoters 100.00% · institutions 90.09% · other public 0.33%

  6. Appointment of Mr. Modan Saha (DIN: 02848515) as a Director of the Company
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.10% · other public 2.44%

    Turnout: all 70.10% · promoters 100.00% · institutions 90.09% · other public 0.33%

  7. Appointment of Secretarial Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.75%

    Turnout: all 70.10% · promoters 100.00% · institutions 90.08% · other public 0.33%

  8. Ratification of Remuneration of Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.21%

    Turnout: all 70.10% · promoters 100.00% · institutions 90.09% · 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, 26 Jun 2024, 7 resolutions

Present: 30 promoters and 224 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 March 31, 2024, together with the Reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.37%

    Turnout: all 68.97% · promoters 100.00% · institutions 90.53% · other public 0.39%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 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 0.40%

    Turnout: all 68.97% · promoters 100.00% · institutions 90.53% · other public 0.39%

  3. To declare dividend on the Ordinary Shares for the financial year ended March 31, 2024
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 69.03% · promoters 100.00% · institutions 90.71% · other public 0.39%

  4. To appoint a Director in place of Mr. S. Padmanabhan (DIN: 00306299), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.59% for0.41% against

    Against: promoters 0.00% · institutions 0.91% · other public 3.50%

    Turnout: all 69.03% · promoters 100.00% · institutions 90.71% · other public 0.38%

  5. Re-appointment of Dr. C. V. Natraj (DIN: 07132764) as an Independent Director of the Company
    Special
    93.77% for6.23% against

    Against: promoters 0.00% · institutions 13.88% · other public 2.53%

    Turnout: all 69.03% · promoters 100.00% · institutions 90.71% · other public 0.38%

  6. Re-appointment of Mr. K.B.S. Anand (DIN: 03518282) as an Independent Director of the Company
    Special
    99.27% for0.73% against

    Against: promoters 0.00% · institutions 1.62% · other public 2.59%

    Turnout: all 69.03% · promoters 100.00% · institutions 90.71% · other public 0.38%

  7. Ratification of Remuneration of Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.68%

    Turnout: all 69.03% · promoters 100.00% · institutions 90.71% · other public 0.38%

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 Jun 2023, 6 resolutions

Present: 12 promoters and 129 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 March 31, 2023, 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 0.41%

    Turnout: all 66.98% · promoters 100.00% · institutions 85.63% · other public 0.51%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 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 0.42%

    Turnout: all 66.98% · promoters 100.00% · institutions 85.63% · other public 0.51%

  3. To declare dividend on the Ordinary Shares for the financial year ended March 31, 2023.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 67.13% · promoters 100.00% · institutions 86.06% · other public 0.51%

  4. To appoint a Director in place of Mr. N. Chandrasekaran (DIN: 00121863), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    95.60% for4.40% against

    Against: promoters 0.00% · institutions 10.17% · other public 1.05%

    Turnout: all 67.10% · promoters 100.00% · institutions 85.97% · other public 0.50%

  5. Reappointment of Mr. R. Mukundan (DIN: 00778253) as Managing Director & CEO of the Company.
    Ordinary
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.20% · other public 1.02%

    Turnout: all 67.10% · promoters 100.00% · institutions 85.97% · other public 0.50%

  6. Ratification of Remuneration of Cost Auditors.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.97%

    Turnout: all 67.10% · promoters 100.00% · institutions 85.97% · other public 0.51%

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, 23 Mar 2023, 2 resolutions

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

  1. Re-appointment of Ms. Padmini Khare Kaicker (DIN: 00296388) as an Independent Director of the Company
    Special
    87.47% for12.53% against

    Against: promoters 0.00% · institutions 28.91% · other public 3.31%

    Turnout: all 67.28% · promoters 100.00% · institutions 85.75% · other public 0.62%

  2. Re-appointment of Mr. Zarir Langrana (DIN: 06362438) as an Executive Director of the Company
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.01% · other public 3.80%

    Turnout: all 67.27% · promoters 100.00% · institutions 85.75% · other public 0.60%

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, 6 Jul 2022, 7 resolutions

Present: 15 promoters and 138 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 March 31, 2022, 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 0.17%

    Turnout: all 66.32% · promoters 100.00% · institutions 82.47% · other public 0.59%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 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 0.17%

    Turnout: all 66.32% · promoters 100.00% · institutions 82.47% · other public 0.59%

  3. To declare dividend on the Ordinary Shares for the financial year ended March 31, 2022
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 66.40% · promoters 100.00% · institutions 82.69% · other public 0.59%

  4. To appoint a Director in place of Mr. S. Padmanabhan (DIN: 00306299), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    98.89% for1.11% against

    Against: promoters 0.00% · institutions 2.61% · other public 0.67%

    Turnout: all 66.39% · promoters 100.00% · institutions 82.67% · other public 0.59%

  5. Re-appointment of Statutory Auditors of the Company
    Ordinary
    99.68% for0.32% against

    Against: promoters 0.00% · institutions 0.76% · other public 0.47%

    Turnout: all 66.39% · promoters 100.00% · institutions 82.67% · other public 0.59%

  6. Change in place of keeping Registers and Records
    Special
    100.00% for0.00% against

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

    Turnout: all 66.39% · promoters 100.00% · institutions 82.67% · other public 0.59%

  7. Ratification of Remuneration of Cost Auditors
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.09% · other public 0.75%

    Turnout: all 66.39% · promoters 100.00% · institutions 82.67% · other public 0.58%

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, 2 Jul 2021, 7 resolutions

Present: 15 promoters and 233 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 ended March 31, 2021, 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 0.82%

    Turnout: all 67.58% · promoters 100.00% · institutions 89.65% · other public 0.82%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 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 0.87%

    Turnout: all 67.58% · promoters 100.00% · institutions 89.65% · other public 0.81%

  3. To declare dividend on the Ordinary Shares for the financial year ended March 31, 2021
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 67.65% · promoters 100.00% · institutions 89.84% · other public 0.81%

  4. To appoint a Director in place of Mr. Zarir Langrana (DIN: 06362438), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.44% · other public 1.96%

    Turnout: all 67.65% · promoters 100.00% · institutions 89.84% · other public 0.81%

  5. Appointment of Mr. Rajiv Dube (DIN: 00021796) as an Independent Director of the Company
    Ordinary
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.44% · other public 2.07%

    Turnout: all 67.34% · promoters 100.00% · institutions 88.90% · other public 0.81%

  6. Appointment of Mr. N. Chandrasekaran (DIN: 00121863) as a Director of the Company
    Ordinary
    96.25% for3.75% against

    Against: promoters 0.00% · institutions 8.61% · other public 1.03%

    Turnout: all 67.65% · promoters 100.00% · institutions 89.84% · other public 0.81%

  7. Ratification of Remuneration of Cost Auditors
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.40%

    Turnout: all 67.65% · promoters 100.00% · institutions 89.84% · other public 0.82%

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, 7 Jul 2020, 7 resolutions

Present: 11 promoters and 286 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 March 31, 2020, 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 0.23%

    Turnout: all 69.17% · promoters 100.00% · institutions 78.81% · other public 0.68%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2020, together with the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 69.17% · promoters 100.00% · institutions 78.81% · other public 0.68%

  3. To declare dividend on the Ordinary Shares for the financial year ended March 31, 2020.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 69.22% · promoters 100.00% · institutions 78.92% · other public 0.67%

  4. To appoint a Director in place of Mr. R. Mukundan (DIN: 00778253), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.44% for0.56% against

    Against: promoters 0.00% · institutions 1.12% · other public 1.59%

    Turnout: all 69.22% · promoters 100.00% · institutions 78.92% · other public 0.68%

  5. Appointment of Dr. C. V. Natraj (DIN: 07132764) as a Director and as an Independent Director of the Company
    Ordinary
    98.93% for1.07% against

    Against: promoters 0.00% · institutions 2.15% · other public 1.27%

    Turnout: all 69.22% · promoters 100.00% · institutions 78.92% · other public 0.68%

  6. Appointment of Mr. K. B. S. Anand (DIN: 03518282) as a Director and as an Independent Director of the Company
    Ordinary
    98.96% for1.04% against

    Against: promoters 0.00% · institutions 2.08% · other public 0.70%

    Turnout: all 69.22% · promoters 100.00% · institutions 78.92% · other public 0.68%

  7. Ratification of Remuneration of Cost Auditors
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 69.22% · promoters 100.00% · institutions 78.92% · other public 0.67%

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

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 26 Jun 2026, 20 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 March 31, 2026, together with the Reports of the Board of Directors and Auditors thereonMoreLess
    20 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon
    20 for0 against
  • To declare dividend on the Ordinary Shares for the financial year ended March 31, 2026
    15 for0 against
  • To appoint a Director in place of Mr. S. Padmanabhan (DIN: 00306299), who retires by rotation and being eligible, offers himself for re-appointment up to and inclusive of May 14, 2028
    20 for0 against
  • Ratification of Remuneration of Cost Auditors
    20 for0 against
2 proposals not matched to one resolution
  • 3) Approve final dividend of Rs. 11.0 per equity share of face value of Rs. 10.0 per share for FY26.
    1 for0 against
  • Approve final dividend of Rs. 11.0 per equity share of face value of Rs. 10.0 per share for FY26
    4 for0 against

Mutual fund votes, meeting of 30 Jun 2025, 23 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 March 31, 2025, together with the Reports of the Board of Directors and Auditors thereonMoreLess
    23 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon
    23 for0 against
  • To declare dividend on the Ordinary Shares for the financial year ended March 31, 2025
    17 for0 against
  • To appoint a Director in place of Mr. R. Mukundan (DIN: 00778253), who retires by rotation and being eligible, offers himself for re-appointment
    23 for0 against
  • Re-appointment of Mr. Rajiv Dube (DIN: 00021796) as an Independent Director of the Company
    23 for0 against
  • Appointment of Mr. Modan Saha (DIN: 02848515) as a Director of the Company
    23 for0 against
  • Appointment of Secretarial Auditors of the Company
    22 for0 against
  • Ratification of Remuneration of Cost Auditors
    23 for0 against
3 proposals not matched to one resolution
  • 3) Approve final dividend of Rs. 15.0 per equity share of face value of Rs. 10.0 per share for FY25.
    1 for0 against
  • Approve final dividend of Rs. 15.0 per equity share of face value of Rs. 10.0 per share for FY24
    5 for0 against
  • Approve Parikh & Associates, Practising Company Secretaries as Auditors and Authorize Board to Fix Their Remuneration
    1 for0 against
6 earlier meetings

Mutual fund votes, meeting of 26 Jun 2024, 20 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 March 31, 2024, together with the Reports of the Board of Directors and Auditors thereonMoreLess
    19 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Report of the Auditors thereon
    19 for0 against
  • To declare dividend on the Ordinary Shares for the financial year ended March 31, 2024
    15 for0 against
  • To appoint a Director in place of Mr. S. Padmanabhan (DIN: 00306299), who retires by rotation and being eligible, offers himself for re-appointment
    19 for0 against
  • Re-appointment of Dr. C. V. Natraj (DIN: 07132764) as an Independent Director of the Company
    Against Axis Mutual Fund, Bandhan Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, Zerodha Mutual Fund
    • Axis Mutual Fund, DSP Mutual Fund, Navi Mutual FundDr. C. V. Natraj, 70, is a Technical Advisor to the Society of Innovation and Development at the Indian Institute of Science. He has over three decades of experience in the fields of Science and Technology, Research, Innovation, Human Resources and Communication, Safety and Sustainability and Corporate Advisory and was former Senior VP, Corporate Research, Unilever. He has attended all eight board meetings in FY24. He has been a director on the board of Rallis India Limited, a Tata group company, from 22 July 2016. We will consider his overall association with the Tata Group while computing his tenure. He will complete 10 years of association with the Tata Group during the proposed tenure. We do not support rotation of tenured Independent Directors within the group as we believe that this is not in line with the spirit of the regulations. Thus, we do not support his reappointment as an Independent Director.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on merit of proposed appointee. Governance Concern: Proposed re-appointment for five years will lead to prolonged association of more than 10 years with group.
    • Edelweiss Mutual FundDr Natraj has served one term in Tata Chemicals and is also par of Board of other Tata Group companies.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Nippon India Mutual FundProlonged association
    • Zerodha Mutual FundRe-appointment will lead to Prolonged Association with the Group.
    9 for10 against
  • Re-appointment of Mr. K.B.S. Anand (DIN: 03518282) as an Independent Director of the Company
    19 for0 against
  • Ratification of Remuneration of Cost Auditors
    20 for0 against
8 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    Against Taurus Mutual Fund
    • Taurus Mutual FundDr. C. V. Natraj, 70, is a Technical Advisor to the Society of Innovation and Development at the Indian Institute of Science. He has over three decades of experience in the fields of Science and Technology, Research, Innovation, Human Resources and Communication, Safety and Sustainability and Corporate Advisory and was former Senior VP, Corporate Research, Unilever. He has attended all eight board meetings in FY24. He has been a director on the board of Rallis India Limited, a Tata group company, from 22 July 2016. We will consider his overall association with the Tata Group while computing his tenure. He will complete 10 years of association with the Tata Group during the proposed tenure. We do not support rotation of tenured Independent Directors within the group as we believe that this is not in line with the spirit of the regulations. Thus, we do not support his reappointment as an Independent Director.
    0 for1 against
  • Item 6, as a fund house numbered it
    1 for0 against
  • 3) Approve final dividend of Rs. 15.0 per equity share of face value of Rs. 10.0 per share for FY24
    1 for0 against
  • Approve final dividend of Rs. 15.0 per equity share of face value of Rs. 10.0 per share for FY24
    3 for0 against

Mutual fund votes, meeting of 26 Jun 2023, 14 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 March 31, 2023, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    14 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023, together with the Report of the Auditors thereon.
    14 for0 against
  • To declare dividend on the Ordinary Shares for the financial year ended March 31, 2023.
    12 for0 against
  • To appoint a Director in place of Mr. N. Chandrasekaran (DIN: 00121863), who retires by rotation and being eligible, offers himself for re-appointment.
    14 for0 against
  • Reappointment of Mr. R. Mukundan (DIN: 00778253) as Managing Director & CEO of the Company.
    14 for0 against
  • Ratification of Remuneration of Cost Auditors.
    14 for0 against
1 proposal not matched to one resolution
  • Approve final dividend of Rs. 17.5 per equity share of face value of Rs. 10.0 per share for FY23
    2 for0 against

Mutual fund votes, meeting of 23 Mar 2023, 21 fund houses

  • Re-appointment of Ms. Padmini Khare Kaicker (DIN: 00296388) as an Independent Director of the Company
    Against Axis Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Edelweiss Mutual Fund, Invesco Mutual Fund, JM Financial Mutual Fund, Kotak Mahindra Mutual Fund, Mirae Asset Mutual Fund, Nippon India Mutual Fund, NJ Mutual Fund
    • Axis Mutual Fund, Bank of India Mutual FundMs. Padmini Khare Kaicker, 57, is the Managing Partner of B. K. Khare & Co., She has over 30 years of experience. She has been on the board of this company since 1 April 2018. She attended all seven board meetings held in FY22. She has been on the board of Rallis India Ltd, a promoter group company, since 22 July 2016, we have considered her overall tenure with the group. However, we note she serves as an Independent Director on the board of five listed companies including Tata Chemicals. Given their full-time responsibilities, regulations allow whole time directors of listed companies to be independent directors in maximum of three listed companies. We believe that her responsibilities as the Managing Partner of B. K. Khare & Co are equivalent to a whole-time directorship. Therefore, the high number of directorships on listed companies are not in keeping with the spirit of the regulation.
    • Bandhan Mutual FundCompliant with Law. No concern on merit of the appointee. Governance Concern: Proposed term will lead to prolonged association with the Group
    • Edelweiss Mutual FundMutliple Directorship may lead to dilution of focus and commitment
    • Invesco Mutual FundMs. Padmini Khare Kaicker, 57, is the Managing Partner of B. K. Khare & Co., She has over 30 years of experience. She has been on the board of this company since 1 April 2018. She attended all seven board meetings held in FY22. She has been on the board of Rallis India Ltd, a promoter group company, since 22 July 2016, we have considered her overall tenure with the group. However, we note she serves as an Independent Director on the board of five listed companies including Tata Chemicals Given their full-time responsibilities, regulations allow whole time directors of listed companies to be independent directors in maximum of three listed companies. We believe that her responsibilities as the Managing Partner of B. K. Khare & Co are equivalent to a whole-time directorship. Therefore, the high number of directorships on listed companies are not in keeping with the spirit of the regulation
    • JM Financial Mutual FundCompliant with Law. No concern on merit of the appointee. Governance Concern: Proposed term will lead to prolonged association with the Group.
    • Kotak Mahindra Mutual FundPadmini Khare Kaicker, 57 is currently Managing Partner of B. K. Khare & Co.(Indian Accounting Firm). She has over three decades of experience serving large and mid-sized clients in several sectors in areas of Audit, Taxation, Corporate Finance, Risk Management, Corporate Governance, Corporate Advisory, M&A and Corporate Restructuring. She is also an Independent Director on the Board of Tata Cleantech Capital Limited, Group Company, since 11th March, 2015. The current re-appointment is proposed for a period of 5 years. Hence, her association with the Group at the completion of the proposed tenure will exceed 10 years. While compliant with regulations, we believe that the length of tenure is inversely proportionate to the independence of a director hence voting against .
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Nippon India Mutual FundHigh number of Directorships
    • NJ Mutual FundProlonged association with the Group.
    11 for10 against
  • Re-appointment of Mr. Zarir Langrana (DIN: 06362438) as an Executive Director of the Company
    21 for0 against

Mutual fund votes, meeting of 6 Jul 2022, 20 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 March 31, 2022, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    20 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2022, together with the Report of the Auditors thereon.
    20 for0 against
  • To declare dividend on the Ordinary Shares for the financial year ended March 31, 2022
    17 for0 against
  • To appoint a Director in place of Mr. S. Padmanabhan (DIN: 00306299), who retires by rotation and being eligible, offers himself for re-appointment.
    20 for0 against
  • Re-appointment of Statutory Auditors of the Company
    20 for0 against
  • Change in place of keeping Registers and Records
    20 for0 against
  • Ratification of Remuneration of Cost Auditors
    Against Baroda BNP Paribas Mutual Fund
    • Baroda BNP Paribas Mutual FundGovernance Concern: Cost Audit fee significantly lower than the minimum suggested fee by ICAI. Company has not disclosed portion of the turnover that is subject to Cost Audit
    19 for1 against
1 proposal not matched to one resolution
  • Approve final dividend of Rs. 12.5 per share of face value of Rs. 10.0 each for FY22
    3 for0 against

Mutual fund votes, meeting of 2 Jul 2021, 18 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 ended March 31, 2021, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    16 for0 against

    1 abstained

  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2021, together with the Report of the Auditors thereon.
    16 for0 against

    1 abstained

  • To declare dividend on the Ordinary Shares for the financial year ended March 31, 2021
    16 for0 against

    1 abstained

  • To appoint a Director in place of Mr. Zarir Langrana (DIN: 06362438), who retires by rotation and being eligible, offers himself for re-appointment.
    17 for0 against

    1 abstained

  • Appointment of Mr. Rajiv Dube (DIN: 00021796) as an Independent Director of the Company
    15 for0 against

    2 abstained

  • Appointment of Mr. N. Chandrasekaran (DIN: 00121863) as a Director of the Company
    16 for0 against

    1 abstained

  • Ratification of Remuneration of Cost Auditors
    17 for0 against

    1 abstained

5 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against
  • Item 6, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 7 Jul 2020, 12 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 March 31, 2020, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    11 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2020, together with the Report of the Auditors thereon.
    11 for0 against
  • To declare dividend on the Ordinary Shares for the financial year ended March 31, 2020.
    11 for0 against
  • To appoint a Director in place of Mr. R. Mukundan (DIN: 00778253), who retires by rotation and being eligible, offers himself for re-appointment.
    12 for0 against
  • Appointment of Dr. C. V. Natraj (DIN: 07132764) as a Director and as an Independent Director of the Company
    12 for0 against
  • Appointment of Mr. K. B. S. Anand (DIN: 03518282) as a Director and as an Independent Director of the Company
    11 for0 against
  • Ratification of Remuneration of Cost Auditors
    12 for0 against
4 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 6, as a fund house numbered it
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeIncome Tax DepartmentSince 29 Jan 2014
    Case pending before Income Tax Appellate Tribunal.
    At the filing before: The Company has appealed in relation to disallowance of various expenses under the Income Tax Act, 1961('the Act') for AY 2009-10. The aggregate of tax amount under litigation is Rs. 142 cr.
  • Tax disputeIncome Tax DepartmentSince 30 Jan 2015
    Case pending before Income Tax Appellate Tribunal.
    At the filing before: The Company has appealed in relation to disallowance of various expenses under the the Act for AY 2010-11. The aggregate of tax amount under litigation is Rs. 120 cr.
  • Tax disputeIncome Tax DepartmentSince 20 Jan 2016
    Case pending before Income Tax Appellate Tribunal.
    At the filing before: The Company has appealed in relation to disallowance of various expenses under the Act for AY 2011-12. The aggregate of tax amount under litigation is Rs. 74 cr.
  • Tax disputeIncome Tax DepartmentSince 30 Jan 2017
    Case pending before Income Tax Appellate Tribunal.
    At the filing before: The Company has appealed in relation to disallowance of various expenses under the Act for AY 2012-13. The aggregate of tax amount under litigation is 72 cr.
  • Tax disputeIncome Tax DepartmentSince 30 Nov 2017
    Case pending before Income Tax Appellate Tribunal.
    At the filing before: The Company has appealed in relation to disallowance of various expenses under the Act for AY 2013-14. The aggregate of tax amount under litigation is 71 cr.
  • Tax disputeIncome Tax DepartmentSince 29 Dec 2017
    Case pending before Income Tax Appellate Tribunal.
    At the filing before: The Company has appealed in relation to disallowance of various expenses under the Act for AY 2014-15. The aggregate of tax amount under litigation is Rs. 66 cr.
  • Tax disputeIncome Tax DepartmentSince 30 Oct 2019
    The Income Tax Appellate Tribunal decided the appeal against the Company on majority of the grounds. The Company has filed a Writ Petition before the Hon'ble High Court against the order of the Tribunal, and the same is pending for disposal.MoreLess
    At the filing before: The Company has appealed in relation to disallowance of various expenses under the Act for AY 2015-16. The aggregate of tax amount under litigation is Rs. 73 cr.
  • Tax disputeIncome Tax DepartmentSince 30 Apr 2021
    Case pending before Income Tax Appellate Tribunal.
    At the filing before: The Company has appealed in relation to disallowance of various expenses under the Act for AY 2016-17. The aggregate of tax amount under litigation is Rs. 81 cr.
5 more
  • Tax disputeIncome Tax DepartmentSince 26 Apr 2021
    Case pending before Income Tax Appellate Tribunal.
    At the filing before: The Company has appealed in relation to disallowance of various expenses under the Act for AY 2018-19. The aggregate of tax amount under litigation is Rs. 66 cr.
  • Tax disputeIncome Tax DepartmentSince 30 Mar 2024
    Order received from Commissioner of Income Tax (Appeals) deciding the appeal against the Company. The Company will file an appeal before Income Tax Appellate Tribunal.
    At the filing before: The Company has appealed against the penalty order passed by the revenue department for AY 2018-19. The amount of penalty levied is Rs. 103 cr.
  • Tax disputeCommissioner-Central Excise, Haldia CommissionrateSince 29 Mar 2006
    Case pending before Hon'ble Supreme Court.
    At the filing before: The Excise department raised demand of Rs. 556 cr. including penalty alleging non-maintenance of separate records for common inputs used in taxable as well as exempted products. The Customs, Excise and Service Tax Appellate Tribunal as well as the Hon'ble High Court of Kolkata has decided the matter in favour of the Company. The Department is in appeal before the Hon'ble Supreme Court.MoreLess
  • Tax disputeUP Commercial TaxSince 16 Feb 2012
    The Hon’ble Supreme Court has dismissed the appeal filed by the State of Uttar Pradesh and has pronounced the judgment in favour of the Company.
    At the filing before: The Tax deparment raised demand for Rs. 51 cr. towards VAT alleging supply of natural gas as inter- state sale instead of intra-state sale. The Customs, Excise and Service Tax Appellate Tribunal as well as the Hon'ble High Court of Allahabad has decided the matter in favour of the Company. The Department is in appeal before the Hon'ble Supreme Court.MoreLess
  • Tax disputeCommissioner-Central Excise, Rajkot CommissionrateSince 21 Aug 2008
    Case pending before Hon'ble High Court.
    At the filing before: The Excise department raised demand of Rs. 51 cr. including penalty alleging non-maintenance of separate records for common inputs used in taxable as well as exempted products. The Customs, Excise and Service Tax Appellate Tribunal has decided the matter in the favour of Company. The Department as well as the Company are in appeal before the Hon'ble Gujarat High Court.MoreLess

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 14 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
No
The filing has a part on fines and penalties
No
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.