Technocraft Industries (India) logo

Technocraft Industries (India) CEO, MD, chairman, board of directors and AGM

NSE: TIILBSE: 532804Industrial ProductsSmall Cap

Last close ₹2,507.60up ₹9.60 (0.38%)BSE ₹2,517.65

Share price at the NSE close on 23 Oct 2026. Previous close ₹2,498.00.

52-week range of traded prices to 23 Oct 2026
₹1,868.50Low, 21 Jan 2026₹3,565.30High, 25 Aug 2026
Market cap
₹5,685 Cr761st largest listed
P/E
16.7
P/B
2.8
Dividend yield
0.80%
ROE
17.9%
ROCE
14.2%
Debt to equity
0.40
Volume, NSE
42,35249.7% delivered

Technocraft Industries (India) 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

  • Chairperson and managing directorSharad Kumar SarafRelated to the promoter
  • Managing directorSudarshan Kumar Saraf
  • Chief executiveNavneet Kumar Saraf
  • Company Secretary and Compliance OfficerNeeraj Rai

10 directors5 independent5 executive

  • Sharad Kumar Saraf · Chairperson and managing directorExecutive · joined Oct 1992 · reappointed Sep 2022 · 1 listed board · 1 committee seat
  • Sudarshan Kumar Saraf · Managing directorExecutive · joined Oct 1992 · reappointed Aug 2023 · 2 listed boards · 1 as independent · 1 committee seat
  • Navneet Kumar Saraf · Chief executiveExecutive · joined Feb 2015 · reappointed Feb 2025 · 2 listed boards · 1 as independent · 3 committee seats, 1 as chair
  • Ashish Kumar SarafExecutive · joined Feb 2015 · reappointed Feb 2025 · 1 listed board · 1 committee seat
  • Atanu Anil ChoudharyExecutive · joined Oct 2008 · reappointed Aug 2025 · 1 listed board
  • Aubrey Ignatius RebelloIndependent · joined May 2018 · reappointed May 2023 · 100 months as independent · 1 listed board · 1 as independent · 3 committee seats, 2 as chair
  • Murarilal JhunjhunwalaIndependent · joined Sep 2024 · reappointed Sep 2024 · 24 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Rohit Rajgopal DhootIndependent · joined Sep 2024 · reappointed Sep 2024 · 24 months as independent · 5 listed boards · 3 as independent · 6 committee seats, 1 as chair
  • Shankar JadhavIndependent · joined Sep 2024 · reappointed Sep 2024 · 24 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Swati Vikas KhemaniIndependent · joined Sep 2024 · reappointed Sep 2024 · 24 months as independent · 1 listed board · 1 as independent · 1 committee seat

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

Committees and meetings

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

  • Board

    • 13 Aug 202610 of 10 present5 independent · 76 days in between
    • 28 May 202610 of 10 present5 independent

  • Audit Committee

    Chair Aubrey Ignatius Rebello

    Murarilal Jhunjhunwala, Rohit Rajgopal Dhoot, Shankar Jadhav, Swati Vikas Khemani

    • 13 Aug 20265 of 5 present5 independent · 76 days in between
    • 28 May 20265 of 5 present5 independent

  • Nomination and remuneration committee

    Chair Aubrey Ignatius Rebello

    Murarilal Jhunjhunwala, Rohit Rajgopal Dhoot, Shankar Jadhav, Swati Vikas Khemani

    • 13 Aug 20265 of 5 present5 independent

  • Stakeholders Relationship Committee

    Chair Aubrey Ignatius Rebello

    Sharad Kumar Saraf, Sudarshan Kumar Saraf

    • 13 Aug 20263 of 3 present1 independent

  • Risk Management Committee

    Chair Sharad Kumar Saraf

    Sudarshan Kumar Saraf, Aubrey Ignatius Rebello

    • 28 May 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair Sharad Kumar Saraf

    Sudarshan Kumar Saraf, Aubrey Ignatius Rebello

    • 13 Aug 20263 of 3 present1 independent · 76 days in between
    • 28 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.

  • M/s. M.L. Sharma & Co.Peer-review certificate valid to Sep 2027

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

Technocraft Industries (India) 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.Technocraft Industries (India) dividend history

Annual general meeting, 28 Sep 2026

45,243 shareholders on the register on 21 Sep 2026; present: 12 promoters and 38 others; votes counted by Nitesh Jain / Nitesh Jain & Co..The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements (including the Consolidated Financial Statements) of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.33%

    Turnout: all 80.85% · promoters 100.00% · institutions 82.00% · other public 1.68%

  2. Re-appointment of Mr. Navneet Kumar Saraf (DIN: 00035686), Director, retiring by rotation
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.48%

    Turnout: all 80.85% · promoters 100.00% · institutions 82.04% · other public 1.68%

  3. Re-appointment of Mr. Ashish Kumar Saraf (DIN: 00035549), Director, retiring by rotation
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.48%

    Turnout: all 80.85% · promoters 100.00% · institutions 82.04% · other public 1.68%

  4. Ratification of the remuneration of the Cost Auditors viz. Ms. NKJ and Associates, Cost Accountants of the Company.
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.34%

    Turnout: all 80.85% · promoters 100.00% · institutions 82.04% · other public 1.68%

  5. Approval for entering transactions with AAIT or Technocraft Scaffold Distribution LLC FZE, a step-down subsidiary
    OrdinaryPromoters have an interest in it
    98.63% for1.37% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.34%

    Turnout: all 6.10% · promoters 0.00% · institutions 82.04% · other public 1.68%

  6. Approval to grant loan or give guarantee or provide security in respect of any loan to Techno Defence Private Limited
    Special
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.34%

    Turnout: all 80.85% · promoters 100.00% · institutions 82.04% · other public 1.68%

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 Sep 2025, 7 resolutions

52,762 shareholders on the register on 23 Sep 2025; present: 12 promoters and 38 others; votes counted by Nitesh Jain / Nitesh Jain & Co..The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements (including the Consolidated Financial Statements) of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.74%

    Turnout: all 82.01% · promoters 100.00% · institutions 88.33% · other public 3.31%

  2. Re-appointment of Dr. Sharad Kumar Saraf (DIN: 00035843), Director, retiring by rotation
    Ordinary
    99.36% for0.64% against

    Against: promoters 0.00% · institutions 5.91% · other public 22.23%

    Turnout: all 82.01% · promoters 100.00% · institutions 88.36% · other public 3.31%

  3. Re-appointment of Mr. Sudarshan Kumar Saraf (DIN: 00035799), Director, retiring by rotation
    Ordinary
    99.36% for0.64% against

    Against: promoters 0.00% · institutions 5.91% · other public 22.23%

    Turnout: all 82.01% · promoters 100.00% · institutions 88.36% · other public 3.31%

  4. Ratification of the remuneration of the Cost Auditors viz. Ms. NKJ and Associates. Cost Accountants of the Company.
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.97%

    Turnout: all 82.01% · promoters 100.00% · institutions 88.36% · other public 3.31%

  5. Appointment of Ms Pramod Jain and Co., Practicing Company Secretaries as Secretarial Auditor for the period of Five Years.
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.97%

    Turnout: all 82.01% · promoters 100.00% · institutions 88.36% · other public 3.31%

  6. Re-Appointment of Mr. Atanu Anil Choudhary (DIN-02368362) as a Whole Time Director of the Company.
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.97%

    Turnout: all 82.01% · promoters 100.00% · institutions 88.36% · other public 3.31%

  7. Approval for entering into transactions with AAIT,Technocraft Scaffold Distribution LLC FZE, a step-down subsidiary
    OrdinaryPromoters have an interest in it
    93.14% for6.86% against

    Against: promoters 0.00% · institutions 5.51% · other public 22.23%

    Turnout: all 7.27% · promoters 0.00% · institutions 88.36% · other public 3.31%

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.

Postal ballot, 17 Mar 2025, 2 resolutions

64,354 shareholders on the register on 7 Feb 2025; votes counted by Nitesh Jain / Nitesh.The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Navneet Kumar Saraf (DIN:00035686), as Whole Time Director for further period of Five Years w.e.f February 06, 2025
    OrdinaryPromoters have an interest in it
    99.72% for0.28% against

    Against: promoters 0.00% · institutions 5.59% · other public 0.07%

    Turnout: all 81.22% · promoters 100.00% · institutions 55.03% · other public 13.37%

  2. Re-appointment of Mr. Ashish Kumar Saraf (DIN: 00035549), as Whole Time Director for further period of Five Years w.e.f February 06, 2025
    OrdinaryPromoters have an interest in it
    99.72% for0.28% against

    Against: promoters 0.00% · institutions 5.69% · other public 0.07%

    Turnout: all 81.14% · promoters 100.00% · institutions 54.03% · other public 13.37%

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.

Annual general meeting, 30 Sep 2024, 9 resolutions

Present: 12 promoters and 27 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements (including the Consolidated Financial Statements) of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.85%

    Turnout: all 81.60% · promoters 100.00% · institutions 78.57% · other public 5.97%

  2. Re-appointment of Mr. Sharad Kumar Saraf (DIN: 00035843), Director, retiring by rotation
    OrdinaryPromoters have an interest in it
    99.71% for0.29% against

    Against: promoters 0.00% · institutions 2.27% · other public 9.97%

    Turnout: all 81.61% · promoters 100.00% · institutions 78.60% · other public 5.97%

  3. Re-appointment of Mr. Atanu Anil Choudhary (DIN: 02368362), Director, retiring by rotation
    Ordinary
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.97%

    Turnout: all 81.61% · promoters 100.00% · institutions 78.60% · other public 5.97%

  4. Ratification of the remuneration of the Cost Auditors viz. M/s. NKJ & Associates. Cost Accountants of the Company.
    Ordinary
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.97%

    Turnout: all 81.61% · promoters 100.00% · institutions 78.60% · other public 5.97%

  5. Appointment of Mr. Rohit Rajgopal Dhoot (DIN: 00016856), as an Independent Director of the Company
    Special
    99.71% for0.29% against

    Against: promoters 0.00% · institutions 2.27% · other public 9.97%

    Turnout: all 81.61% · promoters 100.00% · institutions 78.60% · other public 5.97%

  6. Appointment of Mr. Shankar Shivram Jadhav (DIN: 06924145), as an Independent Director of the Company
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.97%

    Turnout: all 81.61% · promoters 100.00% · institutions 78.60% · other public 5.97%

  7. Appointment of Mrs. Swati Vikas Khemani (DIN: 03130201), as an Independent Director of the Company
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.97%

    Turnout: all 81.61% · promoters 100.00% · institutions 78.60% · other public 5.97%

  8. Appointment of Mr. Murarilal Jhunjhunwala (DIN: 00888526), as an Independent Director of the Company
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.97%

    Turnout: all 81.61% · promoters 100.00% · institutions 78.60% · other public 5.97%

  9. Approval for entering into transactions with AAIT/Technocraft Scaffold Distribution LLC FZE, a step-down subsidiary
    OrdinaryPromoters have an interest in it
    96.53% for3.47% against

    Against: promoters 0.00% · institutions 2.27% · other public 9.97%

    Turnout: all 6.86% · promoters 0.00% · institutions 78.60% · other public 5.97%

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 2023, 4 resolutions

Present: 12 promoters and 43 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements (including the Consolidated Financial Statements) of the Company 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 83.78% · promoters 100.00% · institutions 92.37% · other public 22.93%

  2. Re-appointment of Mr. Navneet Kumar Saraf (DIN:0035686), Director retiring by rotation
    OrdinaryPromoters have an interest in it
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 2.60% · other public 0.03%

    Turnout: all 83.78% · promoters 100.00% · institutions 92.37% · other public 22.93%

  3. Re-appointment of Mr. Sudarshan Kumar Saraf (DIN:00035799), Director retiring by rotation
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 83.78% · promoters 100.00% · institutions 92.37% · other public 22.93%

  4. Ratification of the remuneration of the Cost Auditors viz. M/s. NKJ & Associates., Cost Accountants, for the financial year ending March 31, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 83.78% · promoters 100.00% · institutions 92.37% · other public 22.93%

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 Jul 2023, 3 resolutions

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

  1. Re-appointment of Mr. Aubrey Rebello (DIN: 08091710), as Independent Director for further period of Five Years w.e.f. May 30, 2023
    Special
    99.99% for0.01% against

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

    Turnout: all 85.18% · promoters 99.59% · institutions 94.85% · other public 29.13%

  2. Re-appointment of Mr. Sudarshan Kumar Saraf (DIN: 00035799), as Managing Director for further period of Five Years w.e.f. August 31, 2023
    SpecialPromoters have an interest in it
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 1.66% · other public 0.14%

    Turnout: all 85.18% · promoters 99.59% · institutions 94.85% · other public 29.13%

  3. Approval for entering into transactions with AAIT/Technocraft Scaffold Distribution LLC FZE, a step down subsidiary
    OrdinaryPromoters have an interest in it
    99.93% for0.07% against

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

    Turnout: all 10.87% · promoters 0.00% · institutions 94.85% · other public 29.13%

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, 18 Dec 2022, 1 resolution

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

  1. Buyback of up to 15,00,000 Equity Shares at a price of Rs. 1000/- per Equity Share, on a proportionate basis, through the “tender offer” route.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 84.53% · promoters 100.00% · institutions 99.01% · other public 25.95%

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 Sep 2022, 7 resolutions

Present: 12 promoters and 43 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements (including the Consolidated Financial Statements) of the Company 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 0.01%

    Turnout: all 84.37% · promoters 100.00% · institutions 97.79% · other public 25.38%

  2. Re -appointment of Mr. Atanu Anil Choudhary (DIN: 02368362), Director retiring by rotation
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 84.39% · promoters 100.00% · institutions 98.57% · other public 25.32%

  3. Re -appointment of Mr. Ashish Kumar Saraf (DIN: 00035549), Director retiring by rotation
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 84.39% · promoters 100.00% · institutions 98.57% · other public 25.32%

  4. Appointment of M/s. M.L. Sharma & Co., as the Statutory Auditors of the Company
    Ordinary
    99.38% for0.62% against

    Against: promoters 0.00% · institutions 11.74% · other public 0.01%

    Turnout: all 84.39% · promoters 100.00% · institutions 98.57% · other public 25.32%

  5. Ratification of the remuneration of the Cost Auditors viz. M/s. NKJ & Associates., Cost Accountants, for the financial year ending March 31, 2023
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 84.39% · promoters 100.00% · institutions 98.57% · other public 25.32%

  6. Approval for entering into related party transaction with AAIT/Technocraft Scaffold Distribution LLC FZE, a step down subsidiary
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 9.72% · promoters 0.00% · institutions 98.57% · other public 25.32%

  7. Re-appointment of Mr. Sharad Kumar Saraf (DIN: 00035843) as Managing Director of the Company
    SpecialPromoters have an interest in it
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 2.63% · other public 0.02%

    Turnout: all 84.39% · promoters 100.00% · institutions 98.57% · other public 25.33%

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.

How mutual funds voted

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

Mutual fund votes, meeting of 28 Sep 2026, 1 fund house 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.

  • Re-appointment of Mr. Navneet Kumar Saraf (DIN: 00035686), Director, retiring by rotation
    1 for0 against
  • Re-appointment of Mr. Ashish Kumar Saraf (DIN: 00035549), Director, retiring by rotation
    1 for0 against
  • Ratification of the remuneration of the Cost Auditors viz. Ms. NKJ and Associates, Cost Accountants of the Company.
    1 for0 against
  • Approval for entering transactions with AAIT or Technocraft Scaffold Distribution LLC FZE, a step-down subsidiary
    1 for0 against
  • Approval to grant loan or give guarantee or provide security in respect of any loan to Techno Defence Private Limited
    1 for0 against
1 proposal not matched to one resolution
  • 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 thereon and the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, and the report of the Auditors thereon.MoreLess
    1 for0 against

Mutual fund votes, meeting of 30 Sep 2025, 8 fund houses

  • Adoption of the Audited Financial Statements (including the Consolidated Financial Statements) of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    8 for0 against
  • Re-appointment of Dr. Sharad Kumar Saraf (DIN: 00035843), Director, retiring by rotation
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund
    • Angel One Mutual FundGovernance Concern: Skewed remuneration in favor of promoter Directors; Combined position of Chairman and Managing Director.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual FundCompliant with law. Governance Concern: Skewed remuneration in favor of promoter Directors; Combined position of Chairman and Managing Director.
    3 for5 against
  • Re-appointment of Mr. Sudarshan Kumar Saraf (DIN: 00035799), Director, retiring by rotation
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund
    • Angel One Mutual FundGovernance Concern: Skewed remuneration in favor of promoter Directors.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual FundCompliant with law. Governance Concern: Skewed remuneration in favor of promoter Directors.
    3 for5 against
  • Ratification of the remuneration of the Cost Auditors viz. Ms. NKJ and Associates. Cost Accountants of the Company.
    8 for0 against
  • Appointment of Ms Pramod Jain and Co., Practicing Company Secretaries as Secretarial Auditor for the period of Five Years.
    8 for0 against
  • Re-Appointment of Mr. Atanu Anil Choudhary (DIN-02368362) as a Whole Time Director of the Company.
    8 for0 against
  • Approval for entering into transactions with AAIT,Technocraft Scaffold Distribution LLC FZE, a step-down subsidiary
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Basis for Arm’s Length pricing not disclosed. Transparency Concern: No clarity with regards to obtaining prior approval of shareholders.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Basis for Arm’s Length pricing not disclosed. Transparency Concern: No clarity with regards to obtaining prior approval of shareholders.
    4 for4 against
2 earlier meetings

Mutual fund votes, meeting of 17 Mar 2025, 7 fund houses

  • Re-appointment of Mr. Navneet Kumar Saraf (DIN:00035686), as Whole Time Director for further period of Five Years w.e.f February 06, 2025
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual FundCompliant with law. No concern on the merits of proposed appointee. Governance Concern: Skewed remuneration practice in favor of proposed appointee. Transparency Concern: Disclosures w.r.t. Past Remuneration & Board Meeting attendance are not as per SS-2.
    3 for4 against
  • Re-appointment of Mr. Ashish Kumar Saraf (DIN: 00035549), as Whole Time Director for further period of Five Years w.e.f February 06, 2025
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual FundCompliant with law. No concern on the merits of proposed appointee. Governance Concern: Skewed remuneration practice in favor of proposed appointee. Transparency Concern: Disclosures w.r.t. Past Remuneration & Board Meeting attendance are not as per SS-2.
    3 for4 against

Mutual fund votes, meeting of 30 Sep 2024, 3 fund houses

  • Adoption of the Audited Financial Statements (including the Consolidated Financial Statements) of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    3 for0 against
  • Re-appointment of Mr. Sharad Kumar Saraf (DIN: 00035843), Director, retiring by rotation
    Against PGIM India Mutual Fund
    • PGIM India Mutual FundCompliant with law. Governance Concern: Skewed remuneration in favor of proposed appointee; Combined position of Chairman and Managing Director.
    2 for1 against
  • Re-appointment of Mr. Atanu Anil Choudhary (DIN: 02368362), Director, retiring by rotation
    3 for0 against
  • Ratification of the remuneration of the Cost Auditors viz. M/s. NKJ & Associates. Cost Accountants of the Company.
    3 for0 against
  • Appointment of Mr. Rohit Rajgopal Dhoot (DIN: 00016856), as an Independent Director of the Company
    Against PGIM India Mutual Fund
    • PGIM India Mutual FundCompliant with law. Governance Concern: Excessive Time Commitments.
    2 for1 against
  • Appointment of Mr. Shankar Shivram Jadhav (DIN: 06924145), as an Independent Director of the Company
    3 for0 against
  • Appointment of Mrs. Swati Vikas Khemani (DIN: 03130201), as an Independent Director of the Company
    3 for0 against
  • Appointment of Mr. Murarilal Jhunjhunwala (DIN: 00888526), as an Independent Director of the Company
    3 for0 against
  • Approval for entering into transactions with AAIT/Technocraft Scaffold Distribution LLC FZE, a step-down subsidiary
    Against PGIM India Mutual Fund
    • PGIM India Mutual FundCompliant with law. Governance Concern: Basis for Arm s Length pricing not disclosed. Transparency Concern: No clarity with regards to obtaining prior approval of shareholders.
    2 for1 against

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

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.