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UFLEX MD, chairman, board of directors and AGM

NSE: UFLEXBSE: 500148Industrial ProductsSmall Cap

Formerly Flex Industries
Last close ₹556.95down ₹13.25 (2.32%)BSE ₹557.80

Share price at the NSE close on 23 Oct 2026. Previous close ₹570.20.

52-week range of traded prices to 23 Oct 2026
₹330.00Low, 30 Mar 2026₹723.50High, 2 Sep 2026
Market cap
₹4,022 Cr957th largest listed
P/E
5.9
P/B
0.5
Dividend yield
0.54%
ROE
8.8%
ROCE
8.3%
Debt to equity
1.21
Volume, NSE
1,30,81052.3% delivered

UFLEX board of directors

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

  • Chairperson and managing directorAshok Chaturvedi
  • Company Secretary and Compliance OfficerRitesh Chaudhry

6 directors4 independent2 executive

  • Ashok Chaturvedi · Chairperson and managing directorExecutive · joined Jun 1988 · reappointed Feb 2024 · 2 listed boards
  • Jeevaraj Gopal PillaiExecutive · joined Nov 2023 · 1 listed board · 2 committee seats
  • Paresh Nath SharmaIndependent · joined Feb 2022 · reappointed Feb 2022 · 52 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 3 as chair
  • Sujit Kumar VarmaIndependent · joined Feb 2023 · reappointed Feb 2026 · 40 months as independent · 5 listed boards · 5 as independent · 7 committee seats, 3 as chair
  • Ghyanendra Nath BajpaiIndependent · joined Apr 2023 · reappointed Apr 2026 · 38 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Rashmi VermaIndependent · joined May 2023 · reappointed May 2026 · 37 months as independent · 4 listed boards · 4 as independent · 4 committee seats, 2 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

    • 30 May 20266 of 6 present4 independent · 106 days in between
    • 12 Feb 20265 of 6 present4 independent

  • Audit Committee

    Chair Paresh Nath Sharma

    Jeevaraj Gopal Pillai, Sujit Kumar Varma, Rashmi Verma

    • 30 May 20264 of 4 present4 independent · 106 days in between
    • 12 Feb 20263 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Paresh Nath Sharma

    Sujit Kumar Varma, Rashmi Verma

    • 29 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Paresh Nath Sharma

    Jeevaraj Gopal Pillai, Ghyanendra Nath Bajpai

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Paresh Nath Sharma

    Sujit Kumar Varma, Jeevaraj Gopal Pillai

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Jeevaraj Gopal Pillai

    Paresh Nath Sharma, Rashmi Verma

    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 auditors

Named in the results for the quarter to Mar 2026.

  • M/s. Vijay Sehgal & Co., Chartered AccountantsPeer-review certificate valid to Feb 2028
  • M/s. Lodha & Co LLP Chartered Accountants (Peer-review certificate valid to Mar 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.

UFLEX 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.UFLEX dividend history

Annual general meeting, 29 Jul 2026

45,005 shareholders on the register on 22 Jul 2026; present: 9 promoters and 64 others; votes counted by MAHESH KUMAR GUPTA / MAHESH GUPTA & COMPANY.The company's voting result (opens in a new tab)

  1. To consider and adopt: a) 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 the Auditors thereon; and; b) The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 and the report of Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.73%

    Turnout: all 45.89% · promoters 100.00% · institutions 9.98% · other public 0.57%

  2. To declare the Dividend on the Equity Shares of the Company for the Financial Year Ended March 31, 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.42%

    Turnout: all 45.95% · promoters 100.00% · institutions 10.54% · other public 0.57%

  3. To appoint a Director in place of Mr. Ashok Chaturvedi (DIN: 00023452), who retires by rotation and, being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.37%

    Turnout: all 42.91% · promoters 93.18% · institutions 10.54% · other public 0.57%

  4. Re-appointment of Mr. Paresh Nath Sharma (DIN 00023625) as an Independent Director of the Company
    Special
    97.65% for2.35% against

    Against: promoters 0.00% · institutions 95.73% · other public 4.42%

    Turnout: all 45.95% · promoters 100.00% · institutions 10.54% · other public 0.57%

  5. To alter the Memorandum of Association (MOA) of the Company as per the Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.74%

    Turnout: all 45.95% · promoters 100.00% · institutions 10.54% · other public 0.57%

  6. To approve increase in investment limits for non-resident Indians and overseas citizens of India
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.79%

    Turnout: all 45.95% · promoters 100.00% · institutions 10.54% · other public 0.57%

  7. Ratification of the remuneration payable to the Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.80%

    Turnout: all 45.95% · promoters 100.00% · institutions 10.54% · other public 0.57%

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, 28 Aug 2025, 8 resolutions

45,897 shareholders on the register on 21 Aug 2025; present: 8 promoters and 59 others; votes counted by Mahesh Kumar Gupta / Mahesh Gupta & Co..The company's voting result (opens in a new tab)

  1. To consider and adopt: The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025 together with the reports of the Board of Directors and the Auditors thereon; and; b) The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 and the report of Auditors thereon;MoreLess
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 1.45% · other public 1.38%

    Turnout: all 45.86% · promoters 100.00% · institutions 13.73% · other public 0.30%

  2. To declare the Dividend on the Equity Shares of the Company for the Financial Year Ended March 31, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.38%

    Turnout: all 45.92% · promoters 100.00% · institutions 14.44% · other public 0.30%

  3. To appoint a Director in place of Mr. Jeevaraj Gopal Pillai (DIN: 10381118), who retires by rotation and, being eligible, offers himself for re-appointment
    Ordinary
    97.48% for2.52% against

    Against: promoters 0.00% · institutions 96.23% · other public 1.39%

    Turnout: all 45.92% · promoters 100.00% · institutions 14.44% · other public 0.30%

  4. Re-appointment of Mr. Sujit Kumar Varma (DIN: 09075212) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.46%

    Turnout: all 45.91% · promoters 100.00% · institutions 14.44% · other public 0.28%

  5. Re-appointment of Mr. Ghyanendra Nath Bajpai (DIN: 00946138) as an Independent Director
    Special
    100.00% for0.00% against

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

    Turnout: all 67.42% · promoters 100.00% · institutions 14.44% · other public 45.92%

  6. Re-appointment of Mrs. Rashmi Verma (DIN: 01993918) as an Independent Director
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.83%

    Turnout: all 45.91% · promoters 100.00% · institutions 14.44% · other public 0.28%

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

    Against: promoters 0.00% · institutions 0.00% · other public 1.38%

    Turnout: all 45.92% · promoters 100.00% · institutions 14.44% · other public 0.30%

  8. Ratification of the remuneration payable to the Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.45%

    Turnout: all 45.91% · promoters 100.00% · institutions 14.44% · 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.

Annual general meeting, 19 Sep 2024, 5 resolutions

Present: 10 promoters and 75 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the Financial Year Ended March 31, 2024, the reports of the Board of Directors and the Auditors thereonMoreLess
    Ordinary
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 3.67% · other public 0.40%

    Turnout: all 46.32% · promoters 100.00% · institutions 21.63% · other public 0.08%

  2. To declare the Dividend on the Equity Shares of the Company for the Financial Year Ended March 31, 2024
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 46.39% · promoters 100.00% · institutions 22.43% · other public 0.08%

  3. To appoint a Director in place of Shri Ashok Chaturvedi (DIN: 00023452), who retires by rotation and, being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    99.81% for0.19% against

    Against: promoters 0.00% · institutions 4.53% · other public 1.83%

    Turnout: all 43.34% · promoters 93.18% · institutions 22.43% · other public 0.08%

  4. Appointment of M/s. Lodha & Co. LLP, Chartered Accountants (FRN 301051E/ E300284) as the Joint Statutory Auditor of the Company
    Ordinary
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 3.54% · other public 0.45%

    Turnout: all 46.39% · promoters 100.00% · institutions 22.43% · other public 0.08%

  5. Ratification of Remuneration to the Cost Auditors
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 46.39% · promoters 100.00% · institutions 22.43% · other public 0.08%

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

Postal ballot, 7 Feb 2024, 3 resolutions

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

  1. RE- APPOINTMENT OF MR. ASHOK CHATURVEDI (DIN:00023452) AS CHAIRMAN AND MANAGING DIRECTOR OF THE COMPANY W.E.F. 1ST FEBRUARY, 2024 FOR A PERIOD OF 5 YEARS
    SpecialPromoters have an interest in it
    98.00% for2.00% against

    Against: promoters 0.00% · institutions 91.52% · other public 0.04%

    Turnout: all 64.03% · promoters 93.18% · institutions 17.85% · other public 44.32%

  2. APPOINTMENT OF MR. JEEVARAJ GOPAL PILLAI (DIN: 10381118), AS WHOLE TIME DIRECTOR,nW.E.F. 14TH NOVEMBER, 2023 FOR A PERIOD OF 5 YEARS
    Ordinary
    97.22% for2.78% against

    Against: promoters 0.00% · institutions 91.03% · other public 9.29%

    Turnout: all 46.09% · promoters 100.00% · institutions 17.85% · other public 0.25%

  3. CREATION OF MORTGAGE / CHARGE ON THE ASSETS OF THE COMPANY
    Special
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 2.47% · other public 9.34%

    Turnout: all 46.09% · promoters 100.00% · institutions 17.85% · other public 0.25%

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, 23 Aug 2023, 5 resolutions

Present: 9 promoters and 72 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the financial year ended March 31, 2023, the reports of the Board of Directors and the Auditors thereonMoreLess
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 1.50% · other public 12.73%

    Turnout: all 46.53% · promoters 100.00% · institutions 24.79% · other public 0.13%

  2. To declare the dividend for the year 2022-2023 on the equity shares of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.86%

    Turnout: all 46.64% · promoters 100.00% · institutions 26.28% · other public 0.13%

  3. To appoint a Director in place of Shri Ashok Chaturvedi (DIN: 00023452), who retires by rotation and, being eligible, offers himself for re-appointment.
    Ordinary
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 2.53% · other public 13.90%

    Turnout: all 43.60% · promoters 93.18% · institutions 26.28% · other public 0.13%

  4. Appointment of Smt. Rashmi Verma (DIN: 01993918) as an Independent Woman Director of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.54%

    Turnout: all 46.64% · promoters 100.00% · institutions 26.28% · other public 0.13%

  5. Ratification of Remuneration to the Cost Auditors
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.12%

    Turnout: all 46.64% · promoters 100.00% · institutions 26.28% · other public 0.13%

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, 17 Apr 2023, 2 resolutions

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

  1. APPOINTMENT OF SHRI SUJIT KUMAR VARMA (DIN: 09075212) AS AN INDEPENDENT DIRECTOR OF THE COMPANY
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 34.84%

    Turnout: all 48.20% · promoters 100.00% · institutions 41.38% · other public 0.13%

  2. APPOINTMENT OF SHRI GHYANENDRA NATH BAJPAI (DIN: 00946138) AS AN INDEPENDENT DIRECTOR OF THE COMPANY
    Special
    99.97% for0.03% against

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

    Turnout: all 68.75% · promoters 100.00% · institutions 41.38% · other public 44.03%

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, 14 Sep 2022, 5 resolutions

Present: 8 promoters and 90 others.The company's voting result (opens in a new tab)

  1. To consider & adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the financial year ended March 31, 2022, the reports of the Board of Directors and the Auditors thereonMoreLess
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.58% · other public 2.93%

    Turnout: all 49.16% · promoters 100.00% · institutions 51.57% · other public 0.32%

  2. To declare the dividend for the year 2021-2022 on the equity shares of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 49.35% · promoters 100.00% · institutions 53.73% · other public 0.32%

  3. To appoint a Director in place of Shri Jagmohan Mongia (DIN: 09051022), who retires by rotation and, being eligible, offers himself for re-appointment
    Ordinary
    91.01% for8.99% against

    Against: promoters 0.00% · institutions 95.91% · other public 3.20%

    Turnout: all 49.35% · promoters 100.00% · institutions 53.73% · other public 0.32%

  4. Appointment of Joint Statutory Auditors and fixing their Remuneration
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.56% · other public 3.04%

    Turnout: all 49.35% · promoters 100.00% · institutions 53.73% · other public 0.32%

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

    Against: promoters 0.00% · institutions 0.00% · other public 3.04%

    Turnout: all 49.35% · promoters 100.00% · institutions 53.73% · other public 0.32%

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 Mar 2022, 4 resolutions

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

  1. Increasing the Borrowing Powers of the Company
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.44% · other public 36.34%

    Turnout: all 47.28% · promoters 100.00% · institutions 46.11% · other public 0.13%

  2. Creation of Mortgage / Charge on the Assets of the Company
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.44% · other public 37.79%

    Turnout: all 47.28% · promoters 100.00% · institutions 46.11% · other public 0.13%

  3. Appointment of Shri Paresh Nath Sharma (DIN 00023625) as an Independent Director of the Company
    Special
    99.92% for0.09% against

    Against: promoters 0.00% · institutions 0.52% · other public 36.40%

    Turnout: all 47.28% · promoters 100.00% · institutions 46.11% · other public 0.13%

  4. Adoption of New Set of Article of Association of the Company
    Special
    97.80% for2.20% against

    Against: promoters 0.00% · institutions 31.72% · other public 36.72%

    Turnout: all 47.28% · promoters 100.00% · institutions 46.11% · other public 0.13%

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.

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 Aug 2025, 1 fund house

  • To consider and adopt: The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025 together with the reports of the Board of Directors and the Auditors thereon; and; b) The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 and the report of Auditors thereon;MoreLess
    1 for0 against
  • To declare the Dividend on the Equity Shares of the Company for the Financial Year Ended March 31, 2025
    1 for0 against
  • To appoint a Director in place of Mr. Jeevaraj Gopal Pillai (DIN: 10381118), who retires by rotation and, being eligible, offers himself for re-appointment
    1 for0 against
  • Re-appointment of Mr. Sujit Kumar Varma (DIN: 09075212) as an Independent Director
    1 for0 against
  • Re-appointment of Mr. Ghyanendra Nath Bajpai (DIN: 00946138) as an Independent Director
    1 for0 against
  • Re-appointment of Mrs. Rashmi Verma (DIN: 01993918) as an Independent Director
    1 for0 against
  • Appointment of Secretarial Auditors
    1 for0 against
  • Ratification of the remuneration payable to the Cost Auditors
    1 for0 against

Mutual fund votes, meeting of 19 Sep 2024, 3 fund houses

  • To consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the Financial Year Ended March 31, 2024, the reports of the Board of Directors and the Auditors thereonMoreLess
    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 of Subsidiaries on the website of the Company.
    0 for3 against
  • To declare the Dividend on the Equity Shares of the Company for the Financial Year Ended March 31, 2024
    3 for0 against
  • To appoint a Director in place of Shri Ashok Chaturvedi (DIN: 00023452), who retires by rotation and, being eligible, offers himself for re-appointment
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundRe-appointment compliant with law. Governance Concern: Combined position of Chairman & Managing Director; Skewed Remuneration of Director; Poor AGM attendance.
    0 for3 against
  • Appointment of M/s. Lodha & Co. LLP, Chartered Accountants (FRN 301051E/ E300284) as the Joint Statutory Auditor of the Company
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundAppointment compliant with law. Governance Concern: No adequate justification for the material change in the audit remuneration. Transparency Concern: No clarity as to the bifurcation of work among auditors; the Company showed “inability” in revising the outgoing auditor’s fee, but proposed a significantly higher audit fee for incoming auditors.
    0 for3 against
  • Ratification of Remuneration to the Cost Auditors
    3 for0 against
5 earlier meetings

Mutual fund votes, meeting of 7 Feb 2024, 3 fund houses

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

  • RE- APPOINTMENT OF MR. ASHOK CHATURVEDI (DIN:00023452) AS CHAIRMAN AND MANAGING DIRECTOR OF THE COMPANY W.E.F. 1ST FEBRUARY, 2024 FOR A PERIOD OF 5 YEARS
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundAppointment is compliant with law. Governance Concern: Combined position as CMD; Low Attendance in AGM, No absolute cap on proposed remuneration & Skewed Remuneration practice.
    0 for2 against
  • APPOINTMENT OF MR. JEEVARAJ GOPAL PILLAI (DIN: 10381118), AS WHOLE TIME DIRECTOR,nW.E.F. 14TH NOVEMBER, 2023 FOR A PERIOD OF 5 YEARS
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Annual Increment of ED as decided by the Chairman of the Company.
    0 for2 against
  • CREATION OF MORTGAGE / CHARGE ON THE ASSETS OF THE COMPANY
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law; Governance concern: Inadequate disclosure.
    1 for2 against
2 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    Against Taurus Mutual Fund
    • Taurus Mutual FundAshok Chaturvedi received Rs. 158.1 mn as remuneration in FY23. Based on past trends, we estimate his annual remuneration in the range of Rs. 173.6 mn to Rs. 242.4 mn, which is not commensurate with the size and complexity of the business and high when compared to peers. His remuneration payout in the past has not been aligned with the company performance. His commission is uncapped in absolute amounts, which makes the entire remuneration structure open-ended – the company must define an absolute cap on overall remuneration. Further, the company must fix and disclose performance parameters such that remuneration is aligned to, and commensurate with company performance. The remuneration is also being set as minimum remuneration in case of inadequate profits; therefore, remuneration may continue to be high even in years of poor company performance. Therefore, we do not support the resolution.
    0 for1 against
  • Item 2, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 23 Aug 2023, 6 fund houses

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

  • To consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the financial year ended March 31, 2023, the reports of the Board of Directors and the Auditors thereonMoreLess
    Against Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Motilal Oswal Mutual FundFinancials of subsidiaries not disclosed
    • Nippon India Mutual FundInadequate disclosure
    4 for2 against
  • To declare the dividend for the year 2022-2023 on the equity shares of the Company
    6 for0 against
  • To appoint a Director in place of Shri Ashok Chaturvedi (DIN: 00023452), who retires by rotation and, being eligible, offers himself for re-appointment.
    Against Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Motilal Oswal Mutual FundCombined Position of CMD; Skewed remuneration; Low AGM attendance
    • Nippon India Mutual FundSkewed Remuneration
    4 for2 against
  • Appointment of Smt. Rashmi Verma (DIN: 01993918) as an Independent Woman Director of the Company
    6 for0 against
  • Ratification of Remuneration to the Cost Auditors
    5 for0 against
1 proposal not matched to one resolution
  • To approve, Appointment of Cost Auditors of the Company to conduct the Cost Audit of all applicable products for the Financial Year ending 31st March, 2024.
    1 for0 against

Mutual fund votes, meeting of 17 Apr 2023, 6 fund houses

  • APPOINTMENT OF SHRI SUJIT KUMAR VARMA (DIN: 09075212) AS AN INDEPENDENT DIRECTOR OF THE COMPANY
    6 for0 against
  • APPOINTMENT OF SHRI GHYANENDRA NATH BAJPAI (DIN: 00946138) AS AN INDEPENDENT DIRECTOR OF THE COMPANY
    6 for0 against

Mutual fund votes, meeting of 14 Sep 2022, 3 fund houses

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

  • To consider & adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the financial year ended March 31, 2022, the reports of the Board of Directors and the Auditors thereonMoreLess
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundNon-disclosure of latest financial statements of Subsidiaries on the website
    2 for1 against
  • To declare the dividend for the year 2021-2022 on the equity shares of the Company
    3 for0 against
  • To appoint a Director in place of Shri Jagmohan Mongia (DIN: 09051022), who retires by rotation and, being eligible, offers himself for re-appointment
    3 for0 against
  • Appointment of Joint Statutory Auditors and fixing their Remuneration
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundAssociation may adversely impact independence
    1 for1 against
  • Ratification of Remuneration to the Cost Auditors
    3 for0 against
1 proposal not matched to one resolution
  • Appointment of M/s. Vijay Sehgal & Co., Chartered Accountants, Delhi (Firm Registration No.000374N) as the Joint Statutory Auditor of the Company to hold office for a term of Five (5) years from the conclusion of the 33rd Annual General Meeting until the conclusion of 38th Annual General Meeting, at such remuneration.MoreLess
    1 for0 against

Mutual fund votes, meeting of 24 Mar 2022, 3 fund houses

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

  • Increasing the Borrowing Powers of the Company
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundMajor portion of existing borrowing limit unutilized
    1 for1 against
  • Creation of Mortgage / Charge on the Assets of the Company
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundMajor portion of existing borrowing limit unutilized
    2 for1 against
  • Appointment of Shri Paresh Nath Sharma (DIN 00023625) as an Independent Director of the Company
    Against ICICI Prudential Mutual Fund, Nippon India Mutual Fund
    • ICICI Prudential Mutual FundThe AMC has voted against the resolution as Mr. Paresh Nath Sharma, 72, is a chartered accountant and an ex-employee and was associated with Uflex as an Executive Director from 2002 to 2005 and then as Non-Executive Director till 2007. He has been on the board of a few group companies, as independent director since 2016. While he is sufficiently qualified and experienced to be on the board of a listed company, the AMC does not support his appointment as Independent Director on the board of Uflex on account of his long-standing relationship with the group.
    • Nippon India Mutual FundProlonged association with the Company
    1 for2 against
  • Adoption of New Set of Article of Association of the Company
    3 for0 against
1 proposal not matched to one resolution
  • To borrow, from time to time, any sum or sums of monies (exclusive of interest) on such terms and conditions as may be determined, from anyone or more of the Company’s bankers and/or from anyone or more other banks, persons, firms, companies / body corporates, financial institutions, institutional investor(s), mutual funds, insurance companies, pension funds and or any entity/entities or authority/authorities, whether in India or abroad, and whether by way of cash credit, advance or deposits, loans or bill discounting, issue of debentures, bonds, commercial papers, long/short term loans, suppliers’ credit, securitized instruments such as fl oating rate notes, fixed rate notes, syndicated loans, commercial borrowing (including external commercial borrowings) from the private sector window of multilateral financial institutions, either in rupees and/or in such other foreign currencies as may be permitted by law from time to time, and/or any other instruments/securities or otherwise and whether unsecured or secured by mortgage, charge, hypothecation or lien or pledge of the Company’s assets, licenses and properties, whether immovable or movable and all or any of the undertaking of the Company, notwithstanding that the moneys to be borrowed together with the moneys already borrowed by the Company (apart from temporary loan obtained from the Company’s bankers in the ordinary course of business) will or may exceed the aggregate of the paid-up capital of the Company and its free reserves and securities premium, so that the total amount up to which the moneys may be borrowed by the Company and outstanding at any time shall not exceed the sum of Rs.4000 CroreMoreLess
    1 for0 against

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

Fines

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyAdditional Commissioner of CustomsSince 19 May 2026

    CUS/APR/1780/2026-GR-1/2/1940

    Goods imported vide bill of entry No. 8075197 dated 14.3.2026 having declared assessable value of 31,94,969/- under section 111(d) of the Customs Act, 1962 for contravention of the provisions of the Foreign Trade Policy framed under the Foreign TradeMoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

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

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Dec 2025.
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
Yes
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.