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TD Power Systems MD, chairman, board of directors and AGM

NSE: TDPOWERSYSBSE: 533553Electrical EquipmentSmall Cap

Last close ₹639.55down ₹33.85 (5.03%)BSE ₹639.70

Share price at the NSE close on 23 Oct 2026. Previous close ₹673.40.

52-week range of traded prices to 23 Oct 2026
₹301.20Low, 27 Jan 2026₹856.10High, 5 Oct 2026
Market cap
₹20,558 Cr419th largest listed
P/E
74.8
P/B
19.2
Dividend yield
0.16%
ROE
28.5%
ROCE
32.8%
Debt to equity
0.02
Volume, NSE
74,00,01352.9% delivered

TD Power Systems 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

  • ChairpersonMohib Nomanbhai KherichaRelated to the promoter
  • Managing directorNikhil Kumar
  • Company Secretary and Compliance OfficerBharat Rajwani

6 directors3 independent1 executive2 non-executive

  • Mohib Nomanbhai Khericha · ChairpersonNon-executive · joined Feb 2000 · reappointed Aug 2025 · 3 listed boards · 4 committee seats, 1 as chair
  • Nikhil Kumar · Managing directorExecutive · joined Apr 1999 · reappointed Jan 2026 · 1 listed board
  • Subramanyam PrabhamaniNon-executive · joined Sep 2022 · reappointed Aug 2024 · 1 listed board · 1 committee seat
  • Prathibha SastryIndependent · joined Sep 2017 · reappointed Sep 2022 · 108 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Rahul MatthanIndependent · joined Apr 2024 · reappointed Apr 2024 · 30 months as independent · 2 listed boards · 2 as independent · 1 committee seat
  • Karl Olof Alexander OlssonIndependent · joined Apr 2024 · reappointed Apr 2024 · 30 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair

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

Committees and meetings

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

  • Board

    • 14 Aug 20266 of 6 present3 independent · 2 days in between
    • 11 Aug 20266 of 6 present3 independent · 88 days in between
    • 14 May 20266 of 6 present3 independent · 41 days in between
    • 2 Apr 20264 of 6 present1 independent

  • Audit Committee

    Chair Karl Olof Alexander Olsson

    Mohib Nomanbhai Khericha, Rahul Matthan, Prathibha Sastry

    • 11 Aug 20264 of 4 present3 independent · 88 days in between
    • 14 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Rahul Matthan

    Mohib Nomanbhai Khericha, Prathibha Sastry

    • 14 May 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Mohib Nomanbhai Khericha

    Prathibha Sastry, Subramanyam Prabhamani

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Mohib Nomanbhai Khericha

    Nikhil Kumar, Prathibha Sastry, Minijenahalli Nagaraja Varalakshmi

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Prathibha Sastry

    Nikhil Kumar, Subramanyam Prabhamani

    • 11 Aug 20263 of 3 present1 independent

  • FUND RAISING COMMITTEE

    Chair Mohib Nomanbhai Khericha

    Nikhil Kumar, Subramanyam Prabhamani

    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/s Varma and VarmaPeer-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.

TD Power Systems 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.TD Power Systems dividend history

Extraordinary general meeting, 10 Sep 2026

1,42,289 shareholders on the register on 3 Sep 2026; present: 3 promoters and 49 others; votes counted by Sudhir Vishnupant Hulyalkar / Sudhir V Hulyalkar.The company's voting result (opens in a new tab)

  1. ISSUANCE OF EQUITY SHARES ON A PREFERENTIAL BASIS TO CERTAIN PROMOTERS OF THE COMPANY FOR AN AGGREGATE CONSIDERATION NOT EXCEEDING Rs. 75.00 CRORE
    SpecialPromoters have an interest in it
    99.29% for0.71% against

    Against: promoters 0.00% · institutions 1.21% · other public 0.16%

    Turnout: all 68.46% · promoters 99.30% · institutions 78.24% · other public 9.31%

  2. RAISING CAPITAL IN ONE OR MORE TRANCHES THROUGH AN ISSUANCE OF EQUITY SHARES AND/OR OTHER ELIGIBLE SECURITIES BY WAY OF A QUALIFIED INSTITUTIONS PLACEMENT
    Special
    99.29% for0.71% against

    Against: promoters 0.00% · institutions 1.21% · other public 0.11%

    Turnout: all 68.46% · promoters 99.30% · institutions 78.24% · other public 9.31%

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 Aug 2026, 8 resolutions

1,44,395 shareholders on the register on 5 Aug 2026; present: 5 promoters and 65 others; votes counted by Sudhir Vishnupant Hulyalkar / Sudhir V Hulyalkar.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company (including consolidated financial statements) for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors’ thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 68.20% · promoters 99.30% · institutions 76.75% · other public 12.92%

  2. To confirm the payment of Interim Dividend ( ₹ 1 per share) and declare final dividend (₹ 1.10 per share, face value of ₹ 2 each) for the financial year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 68.38% · promoters 99.30% · institutions 77.10% · other public 12.92%

  3. To appoint a Director in place of Ms. S. Prabhamani (DIN: 09695003) who retires by rotation and being eligible seeks re-appointment.
    Ordinary
    98.21% for1.79% against

    Against: promoters 0.00% · institutions 3.17% · other public 0.00%

    Turnout: all 68.38% · promoters 99.30% · institutions 77.10% · other public 12.92%

  4. RATIFICATION OF REMUNERATION PAYABLE TO M/S. RAO, MURTHY & ASSOCIATES, COST AUDITORS, FOR THE FINANCIAL YEAR 2026-27
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 68.38% · promoters 99.30% · institutions 77.10% · other public 12.92%

  5. TO APPROVE THE CONTINUATION OF MR. MOHIB N. KHERICHA (DIN: 00010365) AS NON-EXECUTIVE – NON-INDEPENDENT DIRECTOR OF THE COMPANY
    SpecialPromoters have an interest in it
    96.16% for3.84% against

    Against: promoters 0.00% · institutions 6.78% · other public 0.01%

    Turnout: all 68.38% · promoters 99.30% · institutions 77.10% · other public 12.92%

  6. TO APPROVE PAYMENT OF REMUNERATION OF NON-EXECUTIVE - NON INDEPENDENT DIRECTOR EXCEEDING FIFTY PERCENT OF THE TOTAL ANNUAL REMUNERATION PAYABLE TO ALL THE NON-EXECUTIVE DIRECTORS OF THE COMPANY FOR THE FINANCIAL YEAR 2026-27MoreLess
    Special
    99.15% for0.85% against

    Against: promoters 0.00% · institutions 1.49% · other public 0.02%

    Turnout: all 68.38% · promoters 99.30% · institutions 77.10% · other public 12.91%

  7. TO APPROVE SUB-DIVISION OF EQUITY SHARES OF THE COMPANY
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 68.38% · promoters 99.30% · institutions 77.10% · other public 12.92%

  8. TO APPROVE ALTERATION OF CAPITAL CLAUSE OF THE MEMORANDUM OF ASSOCIATION OF THE COMPANY
    Ordinary
    99.62% for0.39% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.91%

    Turnout: all 68.38% · promoters 99.30% · institutions 77.10% · other public 12.92%

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

Annual general meeting, 6 Aug 2025, 6 resolutions

1,12,516 shareholders on the register on 30 Jul 2025; present: 2 promoters and 57 others; votes counted by Sudhir Vishnupant Hulyalkar / Sudhir.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company (including consolidated financial statements) for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors’ thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.74% · promoters 95.95% · institutions 77.79% · other public 8.52%

  2. To confirm the payment of Interim Dividend (Rs. 0.60 per share) and declare final dividend (Rs. 0.65 per share) for the financial year ended March 31, 2025.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.88% · promoters 95.95% · institutions 78.08% · other public 8.52%

  3. To appoint a Director in place of Mr. Mohib N Khericha (DIN: 00010365) who retires by rotation and being eligible seeks re-appointment.
    Ordinary
    94.12% for5.88% against

    Against: promoters 0.00% · institutions 10.20% · other public 0.01%

    Turnout: all 65.87% · promoters 95.95% · institutions 78.05% · other public 8.52%

  4. Ratification of remuneration payable to M/s. Rao, Murthy & Associates, Cost Auditors, for the financial year 2025-26.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.87% · promoters 95.95% · institutions 78.05% · other public 8.52%

  5. To appoint Mr. Sudhir Vishnupant Hulyalkar, Company Secretary in practice as Secretarial Auditor for a term of upto 5 (five) consecutive years and fix his remuneration.
    Ordinary
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.15% · other public 0.01%

    Turnout: all 65.87% · promoters 95.95% · institutions 78.05% · other public 8.52%

  6. To re-appoint Mr. Nikhil Kumar (Din: 00062243) as Managing Director of the Company for a further term of five years.
    SpecialPromoters have an interest in it
    98.26% for1.74% against

    Against: promoters 0.00% · institutions 3.02% · other public 0.01%

    Turnout: all 65.87% · promoters 95.95% · institutions 78.05% · other public 8.52%

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

Annual general meeting, 13 Aug 2024, 4 resolutions

Present: 3 promoters and 48 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the AuditednFinancial Statements of the Company (includingnconsolidated financial statements) for the financialnyear ended March 31, 2024, together with thenReports of the Board of Directors and Auditors'nthereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.97% · promoters 99.54% · institutions 79.31% · other public 12.42%

  2. To confirm the payment of Interim Dividendn(uDBC0uDC00` 0.50 per share) and declare final dividendn(uDBC0uDC00` 0.60 per share) for the financial year endednMarch 31, 2024.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.97% · promoters 99.54% · institutions 79.31% · other public 12.42%

  3. To appoint a Director in place of Ms. S. Prabhamanin(DIN: 09695003) who retires by rotation and beingneligible seeks re-appointment
    Ordinary
    99.66% for0.34% against

    Against: promoters 0.00% · institutions 0.69% · other public 0.00%

    Turnout: all 72.97% · promoters 99.54% · institutions 79.31% · other public 12.42%

  4. Ratification of remuneration payable to M/s. Rao,nMurthy & Associates, Cost Auditors, for thenfinancial year 2024-25
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.97% · promoters 99.54% · institutions 79.31% · other public 12.42%

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

Postal ballot, 2 May 2024, 2 resolutions

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

  1. To approve the appointment of Mr. Rahul Matthan (DIN 01573723) as an Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 68.22% · promoters 85.38% · institutions 81.06% · other public 11.34%

  2. To approve the appointment of Mr. Karl Olof Alexander Olsson (DIN 10433826) as an Independent Director of the Company
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.06% · other public 0.01%

    Turnout: all 68.22% · promoters 85.38% · institutions 81.06% · other public 11.34%

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, 9 Aug 2023, 4 resolutions

Present: 8 promoters and 98 others.The company's voting result (opens in a new tab)

  1. 1. To receive, consider and adopt the Audited Financial Statements of the Company (including consolidated financial statements) for the financial year ended March 31, 2023, 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 0.00%

    Turnout: all 74.55% · promoters 100.00% · institutions 82.66% · other public 33.62%

  2. 2. To confirm the payment of Interim Dividend (₹ 0.50 per share) and declare final dividend (₹ 0.50. per share) for the financial year ended March 31, 2023
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.68% · promoters 100.00% · institutions 82.97% · other public 33.62%

  3. 3. To appoint a Director in place of Mr. Mohib N. Khericha (DIN: 00010365) who retires by rotation and being eligible seeks re-appointment
    OrdinaryPromoters have an interest in it
    93.56% for6.44% against

    Against: promoters 0.00% · institutions 13.19% · other public 0.00%

    Turnout: all 74.68% · promoters 100.00% · institutions 82.97% · other public 33.62%

  4. 4. Ratification of remuneration payable to M/s. Rao, Murthy & Associates, Cost Auditors, for the financial year 2023-24
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.68% · promoters 100.00% · institutions 82.97% · other public 33.62%

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, 27 Sep 2022, 11 resolutions

Present: 5 promoters and 53 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company (including consolidated financial statements) for the financial year ended March 31, 2022, 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 0.00%

    Turnout: all 72.53% · promoters 100.00% · institutions 75.01% · other public 15.80%

  2. To declare a final dividend (Rs.3.50 per share) for the financial year ended March 31, 2022
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.55% · promoters 100.00% · institutions 75.12% · other public 15.80%

  3. To appoint Ms. S Prabhamani (DIN 09695003) as Director in place of Mr. K G Prabhakar (DIN: 07187463) who retires by rotation and does not seek reappointment
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.55% · promoters 100.00% · institutions 75.12% · other public 15.80%

  4. To Re-appoint M/s. Varma & Varma, Chartered Accountants as statutory auditors of the Company
    Ordinary
    89.14% for10.86% against

    Against: promoters 0.00% · institutions 82.63% · other public 0.00%

    Turnout: all 72.55% · promoters 100.00% · institutions 75.12% · other public 15.80%

  5. Ratification of remuneration payable to M/s. Rao, Murthy & Associates, Cost Auditors, for the financial year 2022-23
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.55% · promoters 100.00% · institutions 75.12% · other public 15.80%

  6. Re-appointment of Ms. Prathibha Sastry (DIN 01505172) as an Independent Director
    Special
    100.00% for0.00% against

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

    Turnout: all 72.55% · promoters 100.00% · institutions 75.12% · other public 15.80%

  7. Sub-division of Equity Shares of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.55% · promoters 100.00% · institutions 75.12% · other public 15.80%

  8. . Approve alteration of Capital Clause of the Memorandum of Association of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.55% · promoters 100.00% · institutions 75.12% · other public 15.80%

  9. Approve remuneration payable to the Managing Director of the Company
    SpecialPromoters have an interest in it
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 1.06% · other public 0.01%

    Turnout: all 72.55% · promoters 100.00% · institutions 75.12% · other public 15.80%

  10. Authorization for creating charge on the assets of the Company
    Special
    99.32% for0.68% against

    Against: promoters 0.00% · institutions 5.19% · other public 0.01%

    Turnout: all 72.55% · promoters 100.00% · institutions 75.12% · other public 15.80%

  11. Alteration of Articles of Association of the Company
    Special
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 1.06% · other public 0.00%

    Turnout: all 72.55% · promoters 100.00% · institutions 75.12% · other public 15.80%

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, 27 Sep 2021, 5 resolutions

Present: 5 promoters and 58 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company (including consolidated financial statements) for the financial year 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 0.00%

    Turnout: all 63.41% · promoters 81.43% · institutions 80.00% · other public 17.42%

  2. To declare a final dividend (Rs.2.50 per share) for the financial year ended March 31, 2021.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 63.41% · promoters 81.43% · institutions 80.00% · other public 17.42%

  3. To appoint a Director in place of Mr. Mohib N Khericha (DIN: 00010365) who retires by rotation and being eligible seeks re-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 63.41% · promoters 81.43% · institutions 80.00% · other public 17.42%

  4. To ratify remuneration payable to the Cost Auditors for the financial year 2021-22
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 63.41% · promoters 81.43% · institutions 80.00% · other public 17.42%

  5. To approve modification in the remuneration of the Managing Director of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 63.41% · promoters 81.43% · institutions 80.00% · other public 17.42%

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

How mutual funds voted

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

Mutual fund votes, meeting of 10 Sep 2026, 9 fund houses so far (houses' deadline to file 15 Oct 2026)

  • ISSUANCE OF EQUITY SHARES ON A PREFERENTIAL BASIS TO CERTAIN PROMOTERS OF THE COMPANY FOR AN AGGREGATE CONSIDERATION NOT EXCEEDING Rs. 75.00 CRORE
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance & Transparency Concern: No adequate justification for fundraising and no clarity regarding why the rights issue is not preferred and no clarity on preferential allotment to Promoters.
    8 for1 against
  • RAISING CAPITAL IN ONE OR MORE TRANCHES THROUGH AN ISSUANCE OF EQUITY SHARES AND/OR OTHER ELIGIBLE SECURITIES BY WAY OF A QUALIFIED INSTITUTIONS PLACEMENT
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance & Transparency Concern: Proposed enabling approval for fund-raising has the potential to cause significant dilution. However, the Company has not provided adequate disclosures regarding the rationale behind not opting for a Rights Issue as a mode of fund-raising.
    8 for1 against

Mutual fund votes, meeting of 12 Aug 2026, 8 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 receive, consider and adopt the Audited Financial Statements of the Company (including consolidated financial statements) for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors’ thereon.MoreLess
    8 for0 against
  • To confirm the payment of Interim Dividend ( ₹ 1 per share) and declare final dividend (₹ 1.10 per share, face value of ₹ 2 each) for the financial year ended March 31, 2026.
    8 for0 against
  • To appoint a Director in place of Ms. S. Prabhamani (DIN: 09695003) who retires by rotation and being eligible seeks re-appointment.
    8 for0 against
  • RATIFICATION OF REMUNERATION PAYABLE TO M/S. RAO, MURTHY & ASSOCIATES, COST AUDITORS, FOR THE FINANCIAL YEAR 2026-27
    8 for0 against
  • TO APPROVE THE CONTINUATION OF MR. MOHIB N. KHERICHA (DIN: 00010365) AS NON-EXECUTIVE – NON-INDEPENDENT DIRECTOR OF THE COMPANY
    8 for0 against
  • TO APPROVE PAYMENT OF REMUNERATION OF NON-EXECUTIVE - NON INDEPENDENT DIRECTOR EXCEEDING FIFTY PERCENT OF THE TOTAL ANNUAL REMUNERATION PAYABLE TO ALL THE NON-EXECUTIVE DIRECTORS OF THE COMPANY FOR THE FINANCIAL YEAR 2026-27MoreLess
    Against Angel One Mutual Fund, PGIM India Mutual Fund
    • Angel One Mutual FundTransparency concern: The Company has not disclosed the amount of remuneration to be paid to the director.
    • PGIM India Mutual FundCompliant with law. No concern on the merits of Director. Transparency concern: The Company has not disclosed the amount of remuneration to be paid to the director.
    5 for2 against
  • TO APPROVE SUB-DIVISION OF EQUITY SHARES OF THE COMPANY
    8 for0 against
  • TO APPROVE ALTERATION OF CAPITAL CLAUSE OF THE MEMORANDUM OF ASSOCIATION OF THE COMPANY
    7 for0 against
2 proposals not matched to one resolution
  • Amend Capital Clause of the Memorandum of Association Re: Sub-Division of Equity Share
    1 for0 against
  • Approve Payment of Remuneration of Non-Executive - Non-Independent Director
    1 for0 against
6 earlier meetings

Mutual fund votes, meeting of 6 Aug 2025, 20 fund houses

  • To receive, consider and adopt the Audited Financial Statements of the Company (including consolidated financial statements) for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors’ thereon.MoreLess
    20 for0 against
  • To confirm the payment of Interim Dividend (Rs. 0.60 per share) and declare final dividend (Rs. 0.65 per share) for the financial year ended March 31, 2025.
    20 for0 against
  • To appoint a Director in place of Mr. Mohib N Khericha (DIN: 00010365) who retires by rotation and being eligible seeks re-appointment.
    20 for0 against
  • Ratification of remuneration payable to M/s. Rao, Murthy & Associates, Cost Auditors, for the financial year 2025-26.
    20 for0 against
  • To appoint Mr. Sudhir Vishnupant Hulyalkar, Company Secretary in practice as Secretarial Auditor for a term of upto 5 (five) consecutive years and fix his remuneration.
    20 for0 against
  • To re-appoint Mr. Nikhil Kumar (Din: 00062243) as Managing Director of the Company for a further term of five years.
    Against Bank of India Mutual Fund
    • Bank of India Mutual FundNikhil Kumar, 58, is Managing Director and one of the promoters. He has been associated with the company since April 1999. In FY25, he received Rs. 99.3 mn as remuneration on a consolidated basis, which was high at 4.3% of consolidated PBT and 8.0% of consolidated employee benefit expense. As per the remuneration terms, we estimate the consolidated remuneration for the period from 17 Jan 2026 to 16 Jan 2027 at Rs. 113.7 mn, which is high for the size and complexity of the business. The company has clarified that remuneration cap of Rs. 150.0 mn includes remuneration from subsidiary companies. Although a significant portion of his remuneration is variable, the remuneration structure allows for variable compensation even in case of inadequacy of profits - defeating the purpose of aligning managerial remuneration to company performance. While we recognize that the company has grown under his tenure and support his reappointment as Managing director, we do not the remuneration structure and therefore, we do not support the resolution.
    19 for1 against

Mutual fund votes, meeting of 13 Aug 2024, 13 fund houses

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

  • To receive, consider and adopt the AuditednFinancial Statements of the Company (includingnconsolidated financial statements) for the financialnyear ended March 31, 2024, together with thenReports of the Board of Directors and Auditors'nthereon.MoreLess
    12 for0 against
  • To confirm the payment of Interim Dividendn(uDBC0uDC00` 0.50 per share) and declare final dividendn(uDBC0uDC00` 0.60 per share) for the financial year endednMarch 31, 2024.
    13 for0 against
  • To appoint a Director in place of Ms. S. Prabhamanin(DIN: 09695003) who retires by rotation and beingneligible seeks re-appointment
    12 for0 against
  • Ratification of remuneration payable to M/s. Rao,nMurthy & Associates, Cost Auditors, for thenfinancial year 2024-25
    13 for0 against
2 proposals not matched to one resolution
  • Accept Financial Statements and Statutory Reports
    1 for0 against
  • Reelect S. Prabhamani as Director
    1 for0 against

Mutual fund votes, meeting of 2 May 2024, 14 fund houses

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

  • To approve the appointment of Mr. Rahul Matthan (DIN 01573723) as an Independent Director of the Company
    13 for0 against
  • To approve the appointment of Mr. Karl Olof Alexander Olsson (DIN 10433826) as an Independent Director of the Company
    13 for0 against
1 proposal not matched to one resolution
  • 1. To approve the appointment of Mr. Rahul Matthan (DIN 01573723) as an Independent Director of the Company. 2. To approve the appointment of Mr. Karl Olof Alexander Olsson (DIN 10433826) as an Independent Director of the Company.MoreLess
    1 for0 against

Mutual fund votes, meeting of 9 Aug 2023, 12 fund houses

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

  • 1. To receive, consider and adopt the Audited Financial Statements of the Company (including consolidated financial statements) for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and Auditors’ thereonMoreLess
    11 for0 against
  • 2. To confirm the payment of Interim Dividend (₹ 0.50 per share) and declare final dividend (₹ 0.50. per share) for the financial year ended March 31, 2023
    11 for0 against
  • 3. To appoint a Director in place of Mr. Mohib N. Khericha (DIN: 00010365) who retires by rotation and being eligible seeks re-appointment
    Against HSBC Mutual Fund
    • HSBC Mutual FundWe have concerns about insufficient independence on the board.We have concerns about insufficient independence on the Remuneration and Nomination Committees.
    10 for1 against
  • 4. Ratification of remuneration payable to M/s. Rao, Murthy & Associates, Cost Auditors, for the financial year 2023-24
    11 for0 against
1 proposal not matched to one resolution
  • 1. Ordinary Resolution - To receive, consider and adopt the Audited Financial Statements of the Company (including consolidated financial statements) for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and Auditors` thereon. 2. Ordinary Resolution - To confirm the payment of Interim Dividend (Rs. 0.50 per share) and declare final dividend (Rs. 0.50. per share) for the financial year ended March 31, 2023. 3. Ordinary Resolution - To appoint a Director in place of Mr. Mohib N. Khericha (DIN: 00010365) who retires by rotation and being eligible seeks re-appointment. 4. Special Resolution - Ratification of remuneration payable to M/s. Rao, Murthy and Associates, Cost Auditors, for the financial year 2023-24MoreLess
    1 for0 against

Mutual fund votes, meeting of 27 Sep 2022, 3 fund houses

  • To receive, consider and adopt the Audited Financial Statements of the Company (including consolidated financial statements) for the financial year ended March 31, 2022, together with the Reports of the Board of Directors and Auditors’ thereonMoreLess
    3 for0 against
  • To declare a final dividend (Rs.3.50 per share) for the financial year ended March 31, 2022
    3 for0 against
  • To appoint Ms. S Prabhamani (DIN 09695003) as Director in place of Mr. K G Prabhakar (DIN: 07187463) who retires by rotation and does not seek reappointment
    3 for0 against
  • To Re-appoint M/s. Varma & Varma, Chartered Accountants as statutory auditors of the Company
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundInadequate disclosure
    2 for1 against
  • Ratification of remuneration payable to M/s. Rao, Murthy & Associates, Cost Auditors, for the financial year 2022-23
    3 for0 against
  • Re-appointment of Ms. Prathibha Sastry (DIN 01505172) as an Independent Director
    3 for0 against
  • Sub-division of Equity Shares of the Company
    3 for0 against
  • . Approve alteration of Capital Clause of the Memorandum of Association of the Company
    3 for0 against
  • Approve remuneration payable to the Managing Director of the Company
    3 for0 against
  • Authorization for creating charge on the assets of the Company
    3 for0 against
  • Alteration of Articles of Association of the Company
    3 for0 against

Mutual fund votes, meeting of 27 Sep 2021, 2 fund houses

  • To receive, consider and adopt the Audited Financial Statements of the Company (including consolidated financial statements) for the financial year ended March 31, 2021, together with the Reports of the Board of Directors and Auditors’ thereon.MoreLess
    2 for0 against
  • To declare a final dividend (Rs.2.50 per share) for the financial year ended March 31, 2021.
    2 for0 against
  • To appoint a Director in place of Mr. Mohib N Khericha (DIN: 00010365) who retires by rotation and being eligible seeks re-appointment.
    2 for0 against
  • To ratify remuneration payable to the Cost Auditors for the financial year 2021-22
    2 for0 against
  • To approve modification in the remuneration of the Managing Director of the Company
    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
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.