Texmaco Rail & Engineering logo

Texmaco Rail & Engineering MD, chairman, board of directors and AGM

NSE: TEXRAILBSE: 533326Industrial ManufacturingSmall Cap

Last close ₹98.50down ₹6.11 (5.84%)BSE ₹98.70

Share price at the NSE close on 23 Oct 2026. Previous close ₹104.61.

52-week range of traded prices to 23 Oct 2026
₹78.05Low, 30 Mar 2026₹142.95High, 26 Dec 2025
Market cap
₹4,008 Cr822nd largest listed
P/E
18.6
P/B
1.7
Dividend yield
0.76%
ROE
8.3%
ROCE
10.0%
Debt to equity
0.36
Volume, NSE
25,61,61247.8% delivered

Texmaco Rail & Engineering 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

  • ChairpersonSaroj Kumar PoddarRelated to the promoter
  • Managing directorSudipta Mukherjee
  • Company Secretary and Compliance OfficerSandeep Kumar Sultania

12 directors6 independent5 executive1 non-executive

  • Saroj Kumar Poddar · ChairpersonExecutive · joined Sep 2010 · reappointed Sep 2025 · 5 listed boards
  • Utsav ParekhIndependent · joined Sep 2018 · reappointed Sep 2023 · 96 months as independent · 7 listed boards · 4 as independent · 9 committee seats, 3 as chair
  • Virendra SinhaIndependent · joined Feb 2021 · reappointed Feb 2024 · 67 months as independent · 3 listed boards · 3 as independent · 2 committee seats, 1 as chair
  • Partha Sarathi BhattacharyyaIndependent · joined Jan 2022 · reappointed Jan 2025 · 56 months as independent · 1 listed board · 1 as independent · 3 committee seats
  • Rusha MitraIndependent · joined Feb 2021 · reappointed Feb 2024 · 67 months as independent · 6 listed boards · 6 as independent · 8 committee seats, 2 as chair
  • Akshay PoddarNon-executive · joined Sep 2011 · reappointed Sep 2011 · 6 listed boards · 2 committee seats, 1 as chair
  • Indrajit MookerjeeExecutive · joined Apr 2020 · reappointed Apr 2026 · 1 listed board
  • Sudipta Mukherjee · Managing directorExecutive · joined Jun 2023 · reappointed Jun 2026 · 1 listed board · 2 committee seats
  • Ashok Kumar VijayExecutive · joined Jan 2015 · reappointed Jan 2026 · 1 listed board · 1 committee seat
  • Udyavar Vittal KamathExecutive · joined Feb 2024 · reappointed Feb 2024 · 1 listed board
  • Hemant BangurIndependent · joined May 2024 · reappointed May 2024 · 28 months as independent · 5 listed boards · 1 as independent · 5 committee seats
  • Marco Philippus Ardeshir WadiaIndependent · joined Dec 2024 · reappointed Dec 2024 · 21 months as independent · 2 listed boards · 2 as independent

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
  • Amitabha Guha, left 1 Oct 2024: Others

Committees and meetings

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

  • Board

    • 5 Sep 202612 of 12 present6 independent · 32 days in between
    • 3 Aug 202612 of 12 present6 independent · 82 days in between
    • 12 May 202611 of 12 present5 independent

  • Audit Committee

    Chair Utsav Parekh

    Virendra Sinha, Hemant Bangur, Sudipta Mukherjee

    • 3 Aug 20264 of 4 present3 independent · 82 days in between
    • 12 May 20263 of 4 present2 independent

  • Nomination and remuneration committee

    Chair Utsav Parekh

    Akshay Poddar, Partha Sarathi Bhattacharyya

    • 5 Sep 20263 of 3 present2 independent · 36 days in between
    • 30 Jul 20263 of 3 present2 independent · 84 days in between
    • 6 May 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Akshay Poddar

    Ashok Kumar Vijay, Rusha Mitra, Sudipta Mukherjee

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Virendra Sinha

    Indrajit Mookerjee, Sudipta Mukherjee

    • 11 May 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair Indrajit Mookerjee

    Utsav Parekh, Ashok Kumar Vijay

    • 8 May 20263 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • L B Jha & Co. LLPPeer-review certificate valid to Jan 2028
1 earlier auditor
  • L B Jha & CoNamed in the filing for the quarter to Mar 2025

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

Texmaco Rail & Engineering 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.Texmaco Rail & Engineering dividend history

Annual general meeting, 18 Sep 2026

3,70,253 shareholders on the register on 11 Sep 2026; present: 16 promoters and 68 others; votes counted by Niraj Agrawal / M/s. H.K. Agrawal & Co..The company's voting result (opens in a new tab)

  1. Adoption of the Standalone Audited Financial Statements of the Company for the financial year ended 31st March, 2026 together with the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    86.10% for13.90% against

    Against: promoters 0.00% · institutions 99.91% · other public 0.08%

    Turnout: all 56.93% · promoters 100.00% · institutions 70.04% · other public 1.66%

  2. Adoption of the Consolidated Audited Financial Statements of the Company for the financial year ended 31st March, 2026 together with the Report of the Auditors thereon.
    Ordinary
    86.10% for13.90% against

    Against: promoters 0.00% · institutions 99.91% · other public 0.08%

    Turnout: all 56.93% · promoters 100.00% · institutions 70.04% · other public 1.66%

  3. Declaration of Dividend on Equity Shares for the financial year ended 31st March, 2026
    Ordinary
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 1.65% · other public 0.07%

    Turnout: all 56.94% · promoters 100.00% · institutions 70.13% · other public 1.66%

  4. Re-appointment of Mr. U.V. Kamath (DIN: 00648897), Executive Director, who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.09% for0.91% against

    Against: promoters 0.00% · institutions 6.49% · other public 0.21%

    Turnout: all 56.94% · promoters 100.00% · institutions 70.13% · other public 1.66%

  5. Re-appointment of Mr. Akshay Poddar (DIN: 00008686), Non-Executive & Non-Independent Director, who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.09% for0.91% against

    Against: promoters 0.00% · institutions 6.49% · other public 0.20%

    Turnout: all 56.94% · promoters 100.00% · institutions 70.13% · other public 1.66%

  6. Ratification of remuneration payable to Messrs DGM & Associates, Cost Accountants (Firm Registration No.: 000038) to conduct the Audit of Cost Records of the Company, for the financial year ending 31st March, 2027.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 56.94% · promoters 100.00% · institutions 70.13% · other public 1.66%

  7. Approval for Increase in Borrowing limits of the Company as prescribed under Section 180(1)(c) ofthe Companies Act, 2013.
    Special
    100.00% for0.00% against

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

    Turnout: all 56.94% · promoters 100.00% · institutions 70.13% · other public 1.66%

  8. Approval for creation of charge on the assets of the Company as prescribed 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 0.43%

    Turnout: all 56.94% · promoters 100.00% · institutions 70.13% · other public 1.66%

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 May 2026, 1 resolution

3,84,240 shareholders on the register on 17 Apr 2026; votes counted by Niraj Agrawal / H K Agrawal & Co.The company's voting result (opens in a new tab)

  1. Approval of Texmaco Long Term Incentive Plan (“LTIP”) Scheme 2026
    Special
    95.97% for4.03% against

    Against: promoters 0.00% · institutions 15.72% · other public 0.59%

    Turnout: all 46.63% · promoters 70.00% · institutions 86.70% · other public 2.27%

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, 13 Apr 2026, 1 resolution

3,87,191 shareholders on the register on 6 Mar 2026; votes counted by Niraj Agrawal / H K Agrawal & Co.The company's voting result (opens in a new tab)

  1. Variation in the Objects relating to utilization of funds from Preferential Issue.
    Special
    99.15% for0.85% against

    Against: promoters 0.00% · institutions 4.27% · other public 0.41%

    Turnout: all 61.61% · promoters 100.00% · institutions 88.16% · other public 2.75%

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, 22 Sep 2025, 12 resolutions

3,98,705 shareholders on the register on 15 Sep 2025; present: 19 promoters and 57 others; votes counted by Geeta Roy Chowdhury / Messrs S. R. & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Standalone Audited Financial Statements of the Company for the financial year ended 31st March 2025 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 7.60%

    Turnout: all 59.56% · promoters 100.00% · institutions 78.27% · other public 0.29%

  2. Adoption of Consolidated Audited Financial Statements of the Company for the financial year ended 31st March 2025 and the Report of the Auditors thereon.
    Ordinary
    99.68% for0.32% against

    Against: promoters 0.00% · institutions 1.62% · other public 7.74%

    Turnout: all 59.56% · promoters 100.00% · institutions 78.27% · other public 0.29%

  3. Declaration of Dividend on Equity Shares for the financial year ended 31st March 2025.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.48%

    Turnout: all 59.57% · promoters 100.00% · institutions 78.34% · other public 0.29%

  4. Re-appointment of Mr Indrajit Mookerjee (DIN: 01419627), Executive Director & Vice Chairman, who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    96.61% for3.39% against

    Against: promoters 0.00% · institutions 17.95% · other public 8.56%

    Turnout: all 59.57% · promoters 100.00% · institutions 78.34% · other public 0.29%

  5. Re-appointment of Mr Sudipta Mukherjee (DIN: 06871871), Managing Director, who retires by rotation and being eligible offers himself for reappointment.
    Ordinary
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 0.67% · other public 9.78%

    Turnout: all 59.57% · promoters 100.00% · institutions 78.34% · other public 0.29%

  6. Ratification of remuneration payable to Messrs DGM & Associates, Cost Accountants to conduct the Audit of Cost Records of the Company for the financial year 2025-26.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.03%

    Turnout: all 59.57% · promoters 100.00% · institutions 78.34% · other public 0.28%

  7. Appointment of Messrs S. R. & Associates as the Secretarial Auditors of the Company.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.81%

    Turnout: all 59.57% · promoters 100.00% · institutions 78.34% · other public 0.28%

  8. Re-appointment of Mr Saroj Kumar Poddar (DIN: 00008654) as the Executive Director & Chairman of the Company.
    SpecialPromoters have an interest in it
    99.54% for0.46% against

    Against: promoters 0.00% · institutions 2.12% · other public 7.50%

    Turnout: all 53.42% · promoters 87.25% · institutions 78.34% · other public 0.29%

  9. Re-appointment of Mr Ashok Kumar Vijay (DIN: 01103278) as the Executive Director of the Company.
    Special
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.50% · other public 6.28%

    Turnout: all 59.57% · promoters 100.00% · institutions 78.34% · other public 0.29%

  10. Re-appointment of Mr Sudipta Mukherjee (DIN: 06871871) as the Managing Director of the Company.
    Special
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.50% · other public 7.64%

    Turnout: all 59.57% · promoters 100.00% · institutions 78.34% · other public 0.28%

  11. Re-appointment of Mr Indrajit Mookerjee (DIN: 01419627) as the Executive Director & Vice-Chairman of the Company.
    Special
    96.88% for3.12% against

    Against: promoters 0.00% · institutions 16.53% · other public 6.41%

    Turnout: all 59.57% · promoters 100.00% · institutions 78.34% · other public 0.28%

  12. Revision in remuneration of Mr Indrajit Mookerjee (DIN: 01419627), Executive Director & Vice-Chairman of the Company.
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.21% · other public 7.97%

    Turnout: all 59.57% · promoters 100.00% · institutions 78.34% · other public 0.28%

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, 22 Mar 2025, 1 resolution

3,82,975 shareholders on the register on 14 Feb 2025; votes counted by Geeta Roy Chowdhury / S. R. & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Marco Philippus Ardeshir Wadia (DIN: 00244357) as an Independent Director of the Company
    Special
    91.57% for8.43% against

    Against: promoters 0.00% · institutions 39.31% · other public 13.11%

    Turnout: all 61.51% · promoters 100.00% · institutions 83.20% · other public 0.18%

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, 29 Dec 2024, 2 resolutions

3,63,200 shareholders on the register on 22 Nov 2024; votes counted by Geeta Roy Chowdhury / S. R. & Associates.The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Partha Sarathi Bhattacharyya (DIN: 00329479) as an Independent Director of the Company
    Special
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.54% · other public 2.53%

    Turnout: all 60.10% · promoters 100.00% · institutions 71.65% · other public 0.30%

  2. Alteration in Object Clause of the Memorandum of Association of the Company
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.21% · other public 2.56%

    Turnout: all 60.10% · promoters 100.00% · institutions 71.65% · other public 0.30%

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, 25 Sep 2024, 5 resolutions

Present: 18 promoters and 52 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements including the Audited Consolidated Financial Statement of the Company, for the financial year ended 31st March 2024 and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    98.11% for1.89% against

    Against: promoters 0.00% · institutions 9.00% · other public 0.17%

    Turnout: all 61.07% · promoters 100.00% · institutions 77.90% · other public 0.22%

  2. Declaration of Dividend on Equity Shares for the financial year ended 31st March 2024
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 61.09% · promoters 100.00% · institutions 78.02% · other public 0.22%

  3. Re-appointment of Mr. Akshay Poddar (DIN: 00008686), Non-Executive Director, who retires by rotation and offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.90% · other public 11.08%

    Turnout: all 54.84% · promoters 87.03% · institutions 78.02% · other public 0.22%

  4. Re-appointment of Mr. Ashok Kumar Vijay (DIN: 01103278), Executive Director, who retires by rotation and offers himself for reappointment.
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.30% · other public 13.52%

    Turnout: all 61.07% · promoters 100.00% · institutions 78.02% · other public 0.18%

  5. Ratification of remuneration to be paid to Messrs DGM & Associates, Cost Accountants of the Company for conducting Audit of Cost Records, for the financial year ending 31st March 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.59%

    Turnout: all 61.09% · promoters 100.00% · institutions 78.02% · 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.

Postal ballot, 15 Jul 2024, 1 resolution

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

  1. Appointment of Mr. Hemant Bangurn(DIN: 00040903) as an Independent Director of the Company
    Special
    96.96% for3.04% against

    Against: promoters 0.00% · institutions 15.11% · other public 8.28%

    Turnout: all 60.35% · promoters 100.00% · institutions 64.24% · other public 0.37%

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 18 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)

  • Adoption of the Standalone Audited Financial Statements of the Company for the financial year ended 31st March, 2026 together with the Reports of the Board of Directors and Auditors thereon.
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance & Transparency Concern: Auditors have made qualifications in their report for Standalone and Consolidated Financial Statements, require more clarity on the basis for determining the ₹ 700 crores provision.
    0 for1 against
  • Adoption of the Consolidated Audited Financial Statements of the Company for the financial year ended 31st March, 2026 together with the Report of the Auditors thereon.
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance & Transparency Concern: Auditors have made qualifications in their report for Standalone and Consolidated Financial Statements, require more clarity on the basis for determining the ₹ 700 crores provision.
    0 for1 against
  • Declaration of Dividend on Equity Shares for the financial year ended 31st March, 2026
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance & Transparency Concern(s) raised in adoption of financial statements of the Company under resolution #1; dividend being appropriation post approval of accounts, cannot be paid if accounts are not voted FOR.
    0 for1 against
  • Re-appointment of Mr. U.V. Kamath (DIN: 00648897), Executive Director, who retires by rotation and being eligible, offers himself for re-appointment.
    1 for0 against
  • Re-appointment of Mr. Akshay Poddar (DIN: 00008686), Non-Executive & Non-Independent Director, who retires by rotation and being eligible, offers himself for re-appointment.
    1 for0 against
  • Ratification of remuneration payable to Messrs DGM & Associates, Cost Accountants (Firm Registration No.: 000038) to conduct the Audit of Cost Records of the Company, for the financial year ending 31st March, 2027.MoreLess
    1 for0 against
  • Approval for Increase in Borrowing limits of the Company as prescribed under Section 180(1)(c) ofthe Companies Act, 2013.
    1 for0 against
  • Approval for creation of charge on the assets of the Company as prescribed under Section 180(1)(a) of the Companies Act, 2013.
    1 for0 against

Mutual fund votes, meeting of 24 May 2026, 7 fund houses

  • Approval of Texmaco Long Term Incentive Plan (“LTIP”) Scheme 2026
    Against Angel One Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund
    • Angel One Mutual FundGovernance & Transparency Concern: Vesting conditions for grants have been linked to the shareholder Value Creation Metric. However, it is not clearly disclosed whether shareholder value creation targets are used together with financial metrics or as a substitute for them in determining option vesting.
    • Groww Mutual FundCompliant with law. Governance & Transparency Concern: Vesting conditions for grants have been linked to the shareholder Value Creation Metric. However, it is not clearly disclosed whether shareholder value creation targets are used together with financial metrics or as a substitute for them in determining option vesting.
    • HDFC Mutual FundESOPs are being granted at a deep discount to market price. We do not support the resolution.
    4 for3 against
6 earlier meetings

Mutual fund votes, meeting of 13 Apr 2026, 7 fund houses

  • Variation in the Objects relating to utilization of funds from Preferential Issue.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundTransparency concern: Lack of adequate clarity regarding no progress towards the objective for which the funds were raised initially.
    • Bandhan Mutual Fund, Groww Mutual FundCompliant with law. Transparency concern: Lack of adequate clarity regarding no progress towards the objective for which the funds were raised initially.
    • Motilal Oswal Mutual FundLack of adequate clarity regarding negligible progress towards the objective for which the funds were raised initially.
    3 for4 against

Mutual fund votes, meeting of 22 Sep 2025, 8 fund houses

  • Adoption of Standalone Audited Financial Statements of the Company for the financial year ended 31st March 2025 together with the Reports of the Board of Directors and Auditors thereon.
    8 for0 against
  • Adoption of Consolidated Audited Financial Statements of the Company for the financial year ended 31st March 2025 and the Report of the Auditors thereon.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundNondisclosure of the audited financial statements of all Subsidiaries on the website of the Company.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundUnqualified financial statements. Non-Compliant with S. 136(1) of the Companies Act & Regulation 46(2)(s) of SEBI LODR: Nondisclosure of the audited financial statements of all Subsidiaries on the website of the Company.
    • LIC Mutual FundConcerns over Nondisclosure of the audited financial statements of all Subsidiaries on the website of the Company.
    3 for5 against
  • Declaration of Dividend on Equity Shares for the financial year ended 31st March 2025.
    8 for0 against
  • Re-appointment of Mr Indrajit Mookerjee (DIN: 01419627), Executive Director & Vice Chairman, who retires by rotation and being eligible offers himself for re-appointment.
    8 for0 against
  • Re-appointment of Mr Sudipta Mukherjee (DIN: 06871871), Managing Director, who retires by rotation and being eligible offers himself for reappointment.
    8 for0 against
  • Ratification of remuneration payable to Messrs DGM & Associates, Cost Accountants to conduct the Audit of Cost Records of the Company for the financial year 2025-26.
    8 for0 against
  • Appointment of Messrs S. R. & Associates as the Secretarial Auditors of the Company.
    8 for0 against
  • Re-appointment of Mr Saroj Kumar Poddar (DIN: 00008654) as the Executive Director & Chairman of the Company.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual Fund, LIC Mutual FundGovernance Concern: Holding combined position of Executive Chairman which may lead to concentration of power in the hands of a single person.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concerns on the merits of the proposed appointee. Governance Concern: Holding combined position of Executive Chairman which may lead to concentration of power in the hands of a single person.
    3 for5 against
  • Re-appointment of Mr Ashok Kumar Vijay (DIN: 01103278) as the Executive Director of the Company.
    8 for0 against
  • Re-appointment of Mr Sudipta Mukherjee (DIN: 06871871) as the Managing Director of the Company.
    8 for0 against
  • Re-appointment of Mr Indrajit Mookerjee (DIN: 01419627) as the Executive Director & Vice-Chairman of the Company.
    8 for0 against
  • Revision in remuneration of Mr Indrajit Mookerjee (DIN: 01419627), Executive Director & Vice-Chairman of the Company.
    8 for0 against

Mutual fund votes, meeting of 22 Mar 2025, 7 fund houses

  • Appointment of Mr. Marco Philippus Ardeshir Wadia (DIN: 00244357) as an Independent Director of the Company
    Against Bandhan Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual FundAppointment is compliant with the law. No concerns on the merit of the appointee. Governance Concern: Prolonged association with the group company.
    • HDFC Mutual FundMr. Marco Philippus Ardeshir Wadia, 69, has been a practicing advocate since 1986. He has been a director on various promoter group companies since May 1993. We consider him as non-independent on account of his extended association of over 31 years with the group. Thus, we do not support the resolution.
    • Nippon India Mutual FundProfile of the Candidate
    1 for6 against

Mutual fund votes, meeting of 29 Dec 2024, 8 fund houses

  • Re-appointment of Mr. Partha Sarathi Bhattacharyya (DIN: 00329479) as an Independent Director of the Company
    8 for0 against
  • Alteration in Object Clause of the Memorandum of Association of the Company
    8 for0 against

Mutual fund votes, meeting of 25 Sep 2024, 8 fund houses

  • Adoption of Audited Financial Statements including the Audited Consolidated Financial Statement of the Company, for the financial year ended 31st March 2024 and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundUnqualified financial statements. Non-Compliant with S.136(1) of the Companies Act & Regulation 46(2)(s) of SEBI LODR: Non-disclosure of the audited financial statements for FY 2023-24 of one Subsidiary on the website of the Company.
    5 for3 against
  • Declaration of Dividend on Equity Shares for the financial year ended 31st March 2024
    8 for0 against
  • Re-appointment of Mr. Akshay Poddar (DIN: 00008686), Non-Executive Director, who retires by rotation and offers himself for re-appointment
    8 for0 against
  • Re-appointment of Mr. Ashok Kumar Vijay (DIN: 01103278), Executive Director, who retires by rotation and offers himself for reappointment.
    8 for0 against
  • Ratification of remuneration to be paid to Messrs DGM & Associates, Cost Accountants of the Company for conducting Audit of Cost Records, for the financial year ending 31st March 2025.
    8 for0 against

Mutual fund votes, meeting of 15 Jul 2024, 8 fund houses

  • Appointment of Mr. Hemant Bangurn(DIN: 00040903) as an Independent Director of the Company
    Against Bandhan Mutual Fund, Groww Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Transparency Concern: Lack of clarity regarding whether the position held at Mugneeram Bangur & Company LLP is full-time or not.
    4 for4 against

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

Stakes in unlisted companies

Reported in the filing for the quarter to Sep 2026.

  • Unlisted stake boughtTexmaco Defence Technologies Limited (formerly known as Texmaco Rail Electrification Limited)Since 19 Aug 2026

    −30.00% bought in the quarter; holding 70.00%, from 100.00%

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.

How money raised was used

Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesApr 2024, checked by CARE Ratings Limited142.77Yes4.344.34No
Preferential IssuesApr 2024, checked by CARE Ratings Limited142.77Yes103.43103.43No
Preferential IssuesApr 2024, checked by CARE Ratings Limited142.77General Corporate Purpose35.0035.00No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.