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UPL MD, chairman, board of directors and AGM

NSE: UPLBSE: 512070Fertilizers & AgrochemicalsMid Cap

Formerly United Phosphorus
Last close ₹508.65down ₹5.45 (1.06%)BSE ₹506.35

Share price at the NSE close on 23 Oct 2026. Previous close ₹514.10.

52-week range of traded prices to 23 Oct 2026
₹476.45Low, 8 Oct 2026₹812.20High, 2 Jan 2026
Market cap
₹42,939 Cr187th largest listed
P/E
21.3
P/B
1.2
Dividend yield
1.18%
ROE
6.3%
ROCE
9.4%
Debt to equity
0.53
Volume, NSE
9,73,84948.8% delivered

UPL 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

  • ChairpersonJaidev Rajnikant ShroffRelated to the promoter
  • Company Secretary and Compliance OfficerSandeep Deshmukh

9 directors5 independent1 executive3 non-executive

  • Jaidev Rajnikant Shroff · ChairpersonNon-executive · joined Oct 1992 · reappointed Aug 2026 · 3 listed boards
  • Vikram Rajnikant ShroffNon-executive · joined Apr 2006 · reappointed Aug 2024 · 1 listed board · 2 committee seats
  • Raj Kumar TiwariExecutive · joined Nov 2022 · reappointed Jul 2025 · 1 listed board · 1 committee seat
  • Hardeep SinghNon-executive · joined Feb 2015 · reappointed Feb 2025 · 2 listed boards · 3 committee seats, 1 as chair
  • Naina Lal KidwaiIndependent · joined Oct 2021 · reappointed Oct 2021 · 60 months as independent · 3 listed boards · 3 as independent · 2 committee seats, 1 as chair
  • Suresh KumarIndependent · joined Oct 2022 · reappointed Oct 2022 · 47 months as independent · 2 listed boards · 2 as independent · 2 committee seats
  • Usha Rao MonariIndependent · joined Aug 2023 · reappointed Aug 2023 · 37 months as independent · 1 listed board · 1 as independent · 3 committee seats, 1 as chair
  • Bhanumathi Viswanathan MelatturIndependent · joined Feb 2025 · reappointed Feb 2025 · 20 months as independent · 3 listed boards · 3 as independent · 7 committee seats, 3 as chair
  • Santosh Kumar MohantyIndependent · joined Mar 2025 · reappointed Mar 2025 · 18 months as independent · 5 listed boards · 5 as independent · 7 committee seats, 4 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.

2 directors who left
  • Vasant Prakash Gandhi, left 22 Nov 2025: Tenure Completion
  • Carlos Pellicer, left 31 Jan 2025: Others

Committees and meetings

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

  • Board

    • 3 Aug 20269 of 9 present5 independent · 83 days in between
    • 11 May 20269 of 9 present5 independent

  • Audit Committee

    Chair Bhanumathi Viswanathan Melattur

    Suresh Kumar, Usha Rao Monari, Hardeep Singh

    • 3 Aug 20264 of 4 present3 independent · 39 days in between
    • 24 Jun 20263 of 4 present2 independent · 43 days in between
    • 11 May 20264 of 4 present3 independent · 6 days in between
    • 4 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Suresh Kumar

    Usha Rao Monari, Hardeep Singh

    • 4 May 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Naina Lal Kidwai

    Vikram Rajnikant Shroff, Raj Kumar Tiwari

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Santosh Kumar Mohanty

    Hardeep Singh, Raj Kumar Tiwari, Bikash Prasad

    • 22 Sep 20264 of 4 present1 independent

  • Corporate Social Responsibility Committee

    Chair Vikram Rajnikant Shroff

    Suresh Kumar, Raj Kumar Tiwari

    • 8 Jun 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 Jun 2026.

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

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

UPL 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.UPL dividend history

Annual general meeting, 6 Aug 2026

2,82,291 shareholders on the register on 30 Jul 2026; present: 12 promoters and 107 others; votes counted by MR. BHASKAR UPADHYAY / N L BHATIA & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.02%

    Turnout: all 87.30% · promoters 100.00% · institutions 91.83% · other public 4.53%

  2. Adoption of the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 and the report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 87.30% · promoters 100.00% · institutions 91.83% · other public 4.53%

  3. Declaration of Dividend.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 87.78% · promoters 100.00% · institutions 92.65% · other public 4.53%

  4. Re-appointment of Mr. Jaidev R. Shroff (DIN: 00191050), as a Director liable to retire by rotation.
    OrdinaryPromoters have an interest in it
    92.53% for7.47% against

    Against: promoters 0.00% · institutions 12.17% · other public 0.10%

    Turnout: all 87.73% · promoters 100.00% · institutions 92.58% · other public 4.53%

  5. Ratification of remuneration of Cost Auditor for the FY 2026-27.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 87.78% · promoters 100.00% · institutions 92.65% · other public 4.53%

  6. Re-appointment of Ms. Naina Lal Kidwai (DIN: 00017806) as an Independent Director of the Company.
    Special
    98.23% for1.77% against

    Against: promoters 0.00% · institutions 2.88% · other public 0.13%

    Turnout: all 87.78% · promoters 100.00% · institutions 92.65% · other public 4.53%

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.

Extraordinary general meeting, 31 Mar 2026, 11 resolutions

2,85,156 shareholders on the register on 24 Mar 2026; present: 12 promoters and 65 others; votes counted by MR. BHASKAR UPADHYAY / N L BHATIA & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Approval for material related party transactions pertaining to sale of materials and providing functional support services by UPL Limited to its subsidiaries
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 52.19% · promoters 0.00% · institutions 95.24% · other public 12.69%

  2. Approval for material related party transactions pertaining to sale of materials and providing functional support services by Arysta LifeScience Benelux SRL to UPL Europe Supply Chain GmbH
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 52.19% · promoters 0.00% · institutions 95.24% · other public 12.69%

  3. Approval for material related party transactions pertaining to sale of materials by UPL Europe Supply Chain GmbH to UPL France
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 52.19% · promoters 0.00% · institutions 95.24% · other public 12.69%

  4. Approval for material related party transactions pertaining to sale of materials by UPL Agricultural Product Trading FZE to UPL Do Brasil – Industria e Comércio de Insumos Agropecuários S.A.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 52.19% · promoters 0.00% · institutions 95.24% · other public 12.69%

  5. Approval for material related party transactions pertaining to sale of materials by UPL Management DMCC to UPL Do Brasil - Industria e Comércio de Insumos Agropecuários S.A.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 52.19% · promoters 0.00% · institutions 95.24% · other public 12.69%

  6. Approval for material related party transactions pertaining to sale of materials by Superform Chemistries Limited to its fellow subsidiaries
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 52.19% · promoters 0.00% · institutions 95.24% · other public 12.69%

  7. Approval for material related party transactions pertaining to sale of materials and providing functional support services by Cerexagri S.A.S. to UPL Europe Supply Chain GmbH
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 52.19% · promoters 0.00% · institutions 95.24% · other public 12.69%

  8. Approval for material related party transactions pertaining to sale of materials by UPL Do Brasil – Industria e Comércio de Insumos Agropecuários S.A. to associate entities
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 52.19% · promoters 0.00% · institutions 95.24% · other public 12.69%

  9. Approval for material related party transactions pertaining to issuance of Corporate Guarantee by UPL Corporation Limited, Cayman on behalf of UPL Corporation Limited, Mauritius
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 52.19% · promoters 0.00% · institutions 95.24% · other public 12.69%

  10. Approval for material related party transactions for providing financial support by the subsidiaries of the Company to other subsidiaries (Centralised Treasury Operations)
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 52.19% · promoters 0.00% · institutions 95.24% · other public 12.69%

  11. Approval for material related party transactions in connection with the proposed investments by the Company and it’s subsidiaries in other subsidiaries
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 52.20% · promoters 0.00% · institutions 95.24% · other public 12.69%

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.

Extraordinary general meeting, 24 Sep 2025, 1 resolution

2,98,390 shareholders on the register on 17 Sep 2025; present: 13 promoters and 57 others; votes counted by MR. BHASKAR UPADHYAY / N L BHATIA & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To approve material related party transaction amongst subsidiaries i.e. UPL Corporation Limited, Mauritius, Advanta Enterprises Limited and Advanta Mauritius Limited
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 52.82% · promoters 0.00% · institutions 90.64% · other public 29.46%

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 Jul 2025, 6 resolutions

3,10,111 shareholders on the register on 18 Jul 2025; present: 13 promoters and 71 others; votes counted by MR. BHASKAR UPADHYAY / N L BHATIA & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Adoption of the audited standalone financial statements of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors and Auditors thereon.
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.12% · other public 0.00%

    Turnout: all 84.25% · promoters 100.00% · institutions 87.64% · other public 42.97%

  2. Adoption of the audited consolidated financial statements of the Company for the financial year ended March 31, 2025 and the report of the Auditors thereon.
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.12% · other public 0.00%

    Turnout: all 84.25% · promoters 100.00% · institutions 87.64% · other public 42.97%

  3. Declaration of Dividend.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 84.76% · promoters 100.00% · institutions 88.67% · other public 42.97%

  4. Retirement by rotation of Mr. Raj Tiwari
    Ordinary
    99.19% for0.81% against

    Against: promoters 0.00% · institutions 1.52% · other public 0.13%

    Turnout: all 84.74% · promoters 100.00% · institutions 88.62% · other public 42.97%

  5. Ratification of remuneration of Cost Auditor for the FY 2025-26
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 84.73% · promoters 100.00% · institutions 88.60% · other public 42.97%

  6. Appointment of Secretarial Auditors
    Ordinary
    98.01% for1.99% against

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

    Turnout: all 84.74% · promoters 100.00% · institutions 88.62% · other public 42.97%

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.

Extraordinary general meeting, 31 Mar 2025, 19 resolutions

3,39,826 shareholders on the register on 24 Mar 2025; present: 13 promoters and 62 others; votes counted by MR. BHASKAR UPADHYAY / N L BHATIA & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To appoint Mr. Hardeep Singh as a Director (Non-Executive, Non-Independent) of the Company
    Ordinary
    91.57% for8.43% against

    Against: promoters 0.00% · institutions 14.88% · other public 0.60%

    Turnout: all 84.04% · promoters 99.41% · institutions 89.09% · other public 27.11%

  2. To appoint Ms. M V Bhanumathi as an Independent Director of the Company
    Special
    99.34% for0.66% against

    Against: promoters 0.00% · institutions 1.17% · other public 0.09%

    Turnout: all 84.00% · promoters 99.41% · institutions 89.02% · other public 27.11%

  3. To appoint Mr. Santosh Kumar Mohanty as an Independent Director of the Company
    Special
    99.50% for0.50% against

    Against: promoters 0.00% · institutions 0.86% · other public 0.19%

    Turnout: all 84.16% · promoters 99.41% · institutions 89.33% · other public 27.11%

  4. To approve material related party transaction in the nature of holding office/place of profit by Mr. Varun Shroff (relative of Director) in a subsidiary company
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

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

    Turnout: all 51.29% · promoters 0.00% · institutions 89.32% · other public 27.11%

  5. To approve material related party transactions pertaining to sale of materials and functional support services by UPL Limited to its subsidiaries
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 51.29% · promoters 0.00% · institutions 89.33% · other public 27.11%

  6. To approve material related party transactions pertaining to sale of materials by UPL Mauritius Limited to its subsidiaries
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 51.29% · promoters 0.00% · institutions 89.33% · other public 27.11%

  7. To approve material related party transactions pertaining to sale of materials by UPL Corporation Limited, Mauritius to UPL Crop Protection Holdings Limited
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 51.29% · promoters 0.00% · institutions 89.33% · other public 27.11%

  8. To approve material related party transactions pertaining to sale of materials by United Phosphorus (India) LLP to fellow subsidiaries
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 51.29% · promoters 0.00% · institutions 89.33% · other public 27.11%

  9. To approve material related party transactions pertaining to sale of materials by United Phosphorus Cayman Limited to fellow subsidiaries
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 51.29% · promoters 0.00% · institutions 89.33% · other public 27.11%

  10. To approve material related party transactions pertaining to sale of materials and functional support services by Arysta LifeScience Benelux SRL to UPL Europe Supply Chain GmbH
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 51.29% · promoters 0.00% · institutions 89.33% · other public 27.11%

  11. To approve material related party transactions pertaining to sale of materials by UPL Europe Supply Chain GMBH to UPL France
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 51.29% · promoters 0.00% · institutions 89.33% · other public 27.11%

  12. To approve material related party transactions pertaining to sale of materials by UPL Agricultural Product Trading FZE to UPL Do Brasil – Industria e Comércio de Insumos Agropecuários S.A.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 51.29% · promoters 0.00% · institutions 89.33% · other public 27.11%

  13. To approve material related party transactions pertaining to sale of materials by UPL Management DMCC to UPL Do Brasil – Industria e Comércio de Insumos Agropecuários S.A.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 51.29% · promoters 0.00% · institutions 89.33% · other public 27.11%

  14. To approve material related party transactions pertaining to sale of materials by Superform Chemistries Limited to fellow subsidiaries
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 51.29% · promoters 0.00% · institutions 89.33% · other public 27.11%

  15. To approve material related party transactions pertaining to sale of materials and functional support services by Cerexagri S.A.S. to UPL Europe Supply Chain GmbH
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 51.29% · promoters 0.00% · institutions 89.33% · other public 27.11%

  16. To approve material related party transactions pertaining to sale of materials by UPL Do Brasil – Industria e Comércio de Insumos Agropecuários S.A. to Associates
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 51.29% · promoters 0.00% · institutions 89.33% · other public 27.11%

  17. To approve material related party transactions pertaining to issuance of Corporate Guarantee by UPL Corporation Limited, Cayman on behalf of UPL Corporation Limited, Mauritius
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 51.29% · promoters 0.00% · institutions 89.32% · other public 27.11%

  18. To approve material related party transactions for providing financial support by subsidiaries of the Company to fellow subsidiaries (centralised Treasury operations)
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 51.29% · promoters 0.00% · institutions 89.33% · other public 27.11%

  19. To approve material related party transactions in connection with the investments by subsidiaries of the Company in fellow subsidiaries (centralised Treasury operations)
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 51.29% · promoters 0.00% · institutions 89.33% · other public 27.11%

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 Aug 2024, 6 resolutions

Present: 14 promoters and 70 others.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, 2024 and the reports of the Board of Directors and Auditor thereon.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.03% · other public 0.04%

    Turnout: all 82.21% · promoters 99.97% · institutions 90.21% · other public 22.98%

  2. To consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2024 and the report of the Auditor thereon.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.03% · other public 0.04%

    Turnout: all 82.21% · promoters 99.97% · institutions 90.21% · other public 22.98%

  3. To declare dividend on equity shares.
    Ordinary
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 0.25% · other public 0.04%

    Turnout: all 82.48% · promoters 99.97% · institutions 90.73% · other public 22.98%

  4. To re-appoint Mr. Vikram R. Shroff (DIN: 00191472) as Director
    OrdinaryPromoters have an interest in it
    93.71% for6.29% against

    Against: promoters 0.00% · institutions 11.55% · other public 0.23%

    Turnout: all 79.55% · promoters 99.97% · institutions 84.98% · other public 22.98%

  5. To approve remuneration of the Cost Auditor for the financial year ending March 31, 2025
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.14% · other public 0.06%

    Turnout: all 82.46% · promoters 99.97% · institutions 90.70% · other public 22.98%

  6. Approve investing in and/or providing loans/ guarantees/ securities to certain subsidiaries of the Company.
    Special
    100.00% for0.00% against

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

    Turnout: all 82.48% · promoters 99.97% · institutions 90.73% · other public 22.98%

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.

Extraordinary general meeting, 28 Mar 2024, 2 resolutions

Present: 12 promoters and 77 others.The company's voting result (opens in a new tab)

  1. 1. To approve material related party transactions of sale/ purchase of material and functional support services by:ni. UPL Limited and its subsidiaries viz. UPL Mauritius Limited, UPL Management DMCC and Advanta Enterprises Limited to other Subsidiaries/ Associates/ Joint Ventures of UPL Limited; andnii. Subsidiaries/ Associates/ Joint Ventures of UPL Limited, inter-se.MoreLess
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.05% · other public 0.03%

    Turnout: all 47.60% · promoters 0.00% · institutions 90.01% · other public 17.98%

  2. 2. To approve material related party transactions for financial support from:ni. UPL Limited and its subsidiary UPL Corporation Limited, Mauritius to other Subsidiaries/ Associates/ Joint Ventures of UPL Limited; andnii. Subsidiaries/ Associates/ Joint Ventures of UPL Limited, inter-se.MoreLess
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.05% · other public 0.03%

    Turnout: all 47.60% · promoters 0.00% · institutions 90.01% · other public 17.98%

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, 18 Aug 2023, 6 resolutions

Present: 10 promoters and 103 others.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, 2023 and the reports of the Board of Directors and and Auditor thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 20.83% · promoters 10.00% · institutions 84.65% · other public 44.04%

  2. To consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2023 and the report of the Auditor thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 81.45% · promoters 99.98% · institutions 84.65% · other public 44.04%

  3. To declare dividend on equity shares.
    Ordinary
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.25% · other public 0.00%

    Turnout: all 81.93% · promoters 99.98% · institutions 85.66% · other public 44.04%

  4. To re-appoint Mr. Jai Shroff (DIN: 00191050) as Director.
    OrdinaryPromoters have an interest in it
    95.68% for4.32% against

    Against: promoters 0.00% · institutions 8.43% · other public 1.23%

    Turnout: all 81.90% · promoters 99.98% · institutions 85.60% · other public 44.04%

  5. To approve remuneration of the Cost Auditor for the financial year ending March 31, 2024.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 81.93% · promoters 99.98% · institutions 85.66% · other public 44.04%

  6. To re-appoint Ms. Usha Rao-Monari (DIN: 08652684) as an Independent Director of the Company.
    Special
    98.78% for1.22% against

    Against: promoters 0.00% · institutions 2.45% · other public 0.01%

    Turnout: all 81.93% · promoters 99.98% · institutions 85.66% · other public 44.04%

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

How mutual funds voted

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

Mutual fund votes, meeting of 6 Aug 2026, 14 fund houses so far (houses' deadline to file 15 Oct 2026)

  • Adoption of the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon.
    14 for0 against
  • Adoption of the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 and the report of the Auditors thereon.
    14 for0 against
  • Declaration of Dividend.
    14 for0 against
  • Re-appointment of Mr. Jaidev R. Shroff (DIN: 00191050), as a Director liable to retire by rotation.
    14 for0 against
  • Ratification of remuneration of Cost Auditor for the FY 2026-27.
    14 for0 against
  • Re-appointment of Ms. Naina Lal Kidwai (DIN: 00017806) as an Independent Director of the Company.
    14 for0 against

Mutual fund votes, meeting of 31 Mar 2026, 35 fund houses

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

  • Approval for material related party transactions pertaining to sale of materials and providing functional support services by UPL Limited to its subsidiaries
    35 for0 against
  • Approval for material related party transactions pertaining to sale of materials and providing functional support services by Arysta LifeScience Benelux SRL to UPL Europe Supply Chain GmbH
    35 for0 against
  • Approval for material related party transactions pertaining to sale of materials by UPL Europe Supply Chain GmbH to UPL France
    35 for0 against
  • Approval for material related party transactions pertaining to sale of materials by UPL Agricultural Product Trading FZE to UPL Do Brasil – Industria e Comércio de Insumos Agropecuários S.A.
    35 for0 against
  • Approval for material related party transactions pertaining to sale of materials by UPL Management DMCC to UPL Do Brasil - Industria e Comércio de Insumos Agropecuários S.A.
    35 for0 against
  • Approval for material related party transactions pertaining to sale of materials by Superform Chemistries Limited to its fellow subsidiaries
    35 for0 against
  • Approval for material related party transactions pertaining to sale of materials and providing functional support services by Cerexagri S.A.S. to UPL Europe Supply Chain GmbH
    35 for0 against
  • Approval for material related party transactions pertaining to sale of materials by UPL Do Brasil – Industria e Comércio de Insumos Agropecuários S.A. to associate entities
    35 for0 against
  • Approval for material related party transactions pertaining to issuance of Corporate Guarantee by UPL Corporation Limited, Cayman on behalf of UPL Corporation Limited, Mauritius
    35 for0 against
  • Approval for material related party transactions for providing financial support by the subsidiaries of the Company to other subsidiaries (Centralised Treasury Operations)
    31 for0 against
  • Approval for material related party transactions in connection with the proposed investments by the Company and it’s subsidiaries in other subsidiaries
    31 for0 against
2 proposals not matched to one resolution
  • Approve related party transactions aggregating Rs. 130.0 bn for sale of materials and functional support services by UPL Limited to its subsidiaries in FY27
    4 for0 against
  • Approve related party transactions for extending financial support (loans/inter-corporate deposits) between UPL Ltd.’s subsidiaries and their fellow subsidiaries as part of centralized treasury operations in FY27MoreLess
    4 for0 against
6 earlier meetings

Mutual fund votes, meeting of 24 Sep 2025, 29 fund houses

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

  • To approve material related party transaction amongst subsidiaries i.e. UPL Corporation Limited, Mauritius, Advanta Enterprises Limited and Advanta Mauritius Limited
    28 for0 against
1 proposal not matched to one resolution
  • Approve Material Related Party Transactions
    1 for0 against

Mutual fund votes, meeting of 25 Jul 2025, 28 fund houses

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

  • Adoption of the audited standalone financial statements of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors and Auditors thereon.
    27 for0 against
  • Adoption of the audited consolidated financial statements of the Company for the financial year ended March 31, 2025 and the report of the Auditors thereon.
    27 for0 against
  • Declaration of Dividend.
    28 for0 against
  • Retirement by rotation of Mr. Raj Tiwari
    28 for0 against
  • Ratification of remuneration of Cost Auditor for the FY 2025-26
    27 for0 against
  • Appointment of Secretarial Auditors
    28 for0 against
3 proposals not matched to one resolution
  • Accept Consolidated Financial Statements and Statutory Reports
    1 for0 against
  • Accept Standalone Financial Statements and Statutory Reports
    1 for0 against
  • Ratification of remuneration of Rs. 9,00,000/- plus applicable taxes and out of pocket expenses at actuals payable to M/s RA and Co., Cost Accountants (Firm Registration. No. 000242), who are appointed as Cost Auditors to conduct the audit of cost records maintained by the Company for the financial year 2025-26.MoreLess
    1 for0 against

Mutual fund votes, meeting of 31 Mar 2025, 28 fund houses

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

  • To appoint Mr. Hardeep Singh as a Director (Non-Executive, Non-Independent) of the Company
    Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Invesco Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, Sundaram Mutual Fund, Unifi Mutual Fund, WhiteOak Capital Mutual Fund, Zerodha Mutual Fund
    • Angel One Mutual FundGovernance concern: cooling off period of 1 year not served after completion of term as Independent Director, appointment as Non Executive Director raises question over his independence as Independent Director.
    • Axis Mutual FundHardeep Singh, 71, was Executive Chairperson of Cargill South Asia till 2006 and was responsible for Cargill’s businesses in India and Pakistan. Apart from his experience at Cargill, he was also associated with the Tata group. He served as Independent Director of UPL Ltd. from February 2015 till the completion of his term in February 2025. The company seeks to appoint him as non-executive non independent director from 2 February 2025. He attended 100% of the board meetings held in FY24 and in FY25 till the date of the notice.We raise concern that he has been a member of UPL’s Nomination and Remuneration Committee (NRC) since April 2017. Over the past five years (FY20–FY24), the promoters received fixed annual remuneration of USD 12 mn: USD 8 mn for Jaidev Shroff and USD 4 mn for Vikram Shroff. Additionally, both received an incentive of USD 2 mn in FY23. Their compensation remained unchanged, irrespective of company performance, with pre-tax profits (before exceptional items) fluctuating from a loss of Rs. 18.4 bn to a profit of Rs. 53.2 bn. Moreover, since promoter remuneration is primarily drawn from the group’s subsidiaries, it bypasses the need for shareholder approval. Given these concerns, we are unable to support his reappointment.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Zerodha Mutual FundCompliant with law. Governance concern: cooling off period of 1 year not served after completion of term as ID, appointment as NED raises question over his independence as ID.
    • Invesco Mutual Fund, WhiteOak Capital Mutual FundHardeep Singh, 71, was Executive Chairperson of Cargill South Asia till 2006 and was responsible for Cargill’s businesses in India and Pakistan. Apart from his experience at Cargill, he was also associated with the Tata group. He served as Independent Director of UPL Ltd. from February 2015 till the completion of his term in February 2025. The company seeks to appoint him as non-executive non independent director from 2 February 2025. He attended 100% of the board meetings held in FY24 and in FY25 till the date of the notice. We raise concern that he has been a member of UPL’s Nomination and Remuneration Committee (NRC) since April 2017. Over the past five years (FY20–FY24), the promoters received fixed annual remuneration of USD 12 mn: USD 8 mn for Jaidev Shroff and USD 4 mn for Vikram Shroff. Additionally, both received an incentive of USD 2 mn in FY23. Their compensation remained unchanged, irrespective of company performance, with pre-tax profits (before exceptional items) fluctuating from a loss of Rs. 18.4 bn to a profit of Rs. 53.2 bn. Moreover, since promoter remuneration is primarily drawn from the group’s subsidiaries, it bypasses the need for shareholder approval. Given these concerns, we are unable to support his reappointment
    • Mirae Asset Mutual FundAssociation of more than 10 years
    • Motilal Oswal Mutual Fund"Compliant with law. Governance concern: cooling off period of 1 year not served after completion of term as ID, appointment as NED raises question over his independence as ID. "
    • Nippon India Mutual FundProfile of the Candidate
    • Sundaram Mutual Fund"Hardeep Singh, 71, was Executive Chairperson of Cargill South Asia till 2006 and was responsible for Cargill’s businesses in India and Pakistan. Apart from his experience at Cargill, he was also associated with the Tata group. He served as Independent Director of UPL Ltd. from February 2015 till the completion of his term in February 2025. The company seeks to appoint him as non-executive non independent director from 2 February 2025. He attended 100% of the board meetings held in FY24 and in FY25 till the date of the notice.We raise concern that he has been a member of UPL’s Nomination and Remuneration Committee (NRC) since April 2017. Over the past five years (FY20–FY24), the promoters received fixed annual remuneration of USD 12 mn: USD 8 mn for Jaidev Shroff and USD 4 mn for Vikram Shroff. Additionally, both received an incentive of USD 2 mn in FY23. Their compensation remained unchanged, irrespective of company performance, with pre-tax profits (before exceptional items) fluctuating from a loss of Rs. 18.4 bn to a profit of Rs. 53.2 bn. Moreover, since promoter remuneration is primarily drawn from the group’s subsidiaries, it bypasses the need for shareholder approval. Given these concerns, we are unable to support his reappointment."
    • Unifi Mutual FundHardeep Singh, 71, was Executive Chairperson of Cargill South Asia till 2006 and was responsible for Cargill’s businesses in India and Pakistan. Apart from his experience at Cargill, he was also associated with the Tata group. He served as Independent Director of UPL Ltd. from February 2015 till the completion of his term in February 2025. The company seeks to appoint him as non-executive non independent director from 2 February 2025. He attended 100% of the board meetings held in FY24 and in FY25 till the date of the notice. We raise concern that he has been a member of UPL’s Nomination and Remuneration Committee (NRC) since April 2017. Over the past five years (FY20–FY24), the promoters received fixed annual remuneration of USD 12 mn: USD 8 mn for Jaidev Shroff and USD 4 mn for Vikram Shroff. Additionally, both received an incentive of USD 2 mn in FY23. Their compensation remained unchanged, irrespective of company performance, with pre-tax profits (before exceptional items) fluctuating from a loss of Rs. 18.4 bn to a profit of Rs. 53.2 bn. Moreover, since promoter remuneration is primarily drawn from the group’s subsidiaries, it bypasses the need for shareholder approval. Given these concerns, we are unable to support his reappointment.
    15 for13 against
  • To appoint Ms. M V Bhanumathi as an Independent Director of the Company
    28 for0 against
  • To appoint Mr. Santosh Kumar Mohanty as an Independent Director of the Company
    28 for0 against
  • To approve material related party transaction in the nature of holding office/place of profit by Mr. Varun Shroff (relative of Director) in a subsidiary company
    25 for0 against
  • To approve material related party transactions pertaining to sale of materials and functional support services by UPL Limited to its subsidiaries
    25 for0 against
  • To approve material related party transactions pertaining to sale of materials by UPL Mauritius Limited to its subsidiaries
    25 for0 against
  • To approve material related party transactions pertaining to sale of materials by UPL Corporation Limited, Mauritius to UPL Crop Protection Holdings Limited
    28 for0 against
  • To approve material related party transactions pertaining to sale of materials by United Phosphorus (India) LLP to fellow subsidiaries
    25 for0 against
  • To approve material related party transactions pertaining to sale of materials by United Phosphorus Cayman Limited to fellow subsidiaries
    25 for0 against
  • To approve material related party transactions pertaining to sale of materials and functional support services by Arysta LifeScience Benelux SRL to UPL Europe Supply Chain GmbH
    28 for0 against
  • To approve material related party transactions pertaining to sale of materials by UPL Europe Supply Chain GMBH to UPL France
    28 for0 against
  • To approve material related party transactions pertaining to sale of materials by UPL Agricultural Product Trading FZE to UPL Do Brasil – Industria e Comércio de Insumos Agropecuários S.A.
    28 for0 against
  • To approve material related party transactions pertaining to sale of materials by UPL Management DMCC to UPL Do Brasil – Industria e Comércio de Insumos Agropecuários S.A.
    28 for0 against
  • To approve material related party transactions pertaining to sale of materials by Superform Chemistries Limited to fellow subsidiaries
    28 for0 against
  • To approve material related party transactions pertaining to sale of materials and functional support services by Cerexagri S.A.S. to UPL Europe Supply Chain GmbH
    25 for0 against
  • To approve material related party transactions pertaining to sale of materials by UPL Do Brasil – Industria e Comércio de Insumos Agropecuários S.A. to Associates
    27 for0 against
  • To approve material related party transactions pertaining to issuance of Corporate Guarantee by UPL Corporation Limited, Cayman on behalf of UPL Corporation Limited, Mauritius
    28 for0 against
  • To approve material related party transactions for providing financial support by subsidiaries of the Company to fellow subsidiaries (centralised Treasury operations)
    25 for0 against
  • To approve material related party transactions in connection with the investments by subsidiaries of the Company in fellow subsidiaries (centralised Treasury operations)
    28 for0 against
7 proposals not matched to one resolution
  • Approve related party transactions aggregating Rs. 206.0 bn for sale of materials and functional support services by UPL Limited to its subsidiaries in FY26
    3 for0 against
  • Approve related party transactions aggregating Rs. 25.5 bn for sale of materials and functional support services by Cerexagri S.A.S. to UPL Europe Supply Chain GmbH, both being subsidiaries within the global crop protection division, in FY26MoreLess
    3 for0 against
  • Approve related party transactions aggregating Rs. 30.0 bn for the sale of materials by United Phosphorus Cayman Limited to UPL Agricultural Product Trading FZE and UPL Management DMCC, all being subsidiaries within the global crop protection division, in FY26MoreLess
    3 for0 against
  • Approve related party transactions aggregating Rs. 40.0 bn for the sale of materials by United Phosphorus (India) LLP, a wholly owned entity, to UPL Agricultural Product Trading FZE and UPL Management DMCC, being 78% subsidiaries (global crop protection division), in FY26MoreLess
    3 for0 against
  • Approve related party transactions aggregating Rs. 69.5 bn for sale of materials and functional support services by UPL Mauritius Limited to other subsidiaries in FY26
    3 for0 against
  • Approve related party transactions for extending financial support (loans/inter-corporate deposits) between UPL Ltd.’s subsidiaries and fellow subsidiaries as part of centralized treasury operations in FY26MoreLess
    3 for0 against
  • Approve Varun Shroff's appointment to an office of profit position at UPL Sustainable Agri Solutions Limited (UPL SAS), a 91% subsidiary, for five years from 1 April 2025
    3 for0 against

Mutual fund votes, meeting of 27 Aug 2024, 21 fund houses

  • To consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2024 and the reports of the Board of Directors and Auditor thereon.
    21 for0 against
  • To consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2024 and the report of the Auditor thereon.
    21 for0 against
  • To declare dividend on equity shares.
    21 for0 against
  • To re-appoint Mr. Vikram R. Shroff (DIN: 00191472) as Director
    Against Axis Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Invesco Mutual Fund, Mirae Asset Mutual Fund, Nippon India Mutual Fund
    • Axis Mutual Fund, DSP Mutual FundVikram Shroff, 51, represents the promoter family on the board. He is the Vice Chairperson and Co-CEO of UPL Group and serves in a non-executive position on the board of the listed entity. He has been serving on the board since 22 April 2006. He has over 26 years of experience precision agriculture, sustainability, human resources, corporate governance, and problem solving. Vikram Shroff has attended eight out of nine (89%) board meetings held in FY24. While his reappointment is in line with statutory requirements, we are unable to support the resolution. Vikram Shroff was a member of the NRC till 10 August 2024 and all through FY24. The total promoter remuneration (including Jaydev Shroff and Vikram Shroff’s remuneration) for FY24 at Rs. 996.0 mn is high when compared to global peers. Further, variable pay comprises 50% of the total remuneration paid to the promoters. Given the company’s weak performance in FY24 with negative pre-tax profits, and the global headwinds faced by the industry, the basis for paying variable pay are unclear. We believe there is no linkage between company performance and promoter remuneration: the structure and absolute remuneration has remained unchanged despite the company reporting losses in FY24. Additionally, the promoters are paid remuneration from a foreign subsidiary denying the ability to shareholders to vote on their remuneration.
    • Edelweiss Mutual FundNot fit and proper
    • Invesco Mutual FundVikram Shroff, 51, represents the promoter family on the board. He is the Vice Chairperson and Co-CEO of UPL Group and serves in a non-executive position on the board of the listed entity. He has been serving on the board since 22 April 2006. He has over 26 years of experience precision agriculture, sustainability, human resources, corporate governance, and problem solving. Vikram Shroff has attended eight out of nine (89%) board meetings held in FY24. While his reappointment is in line with statutory requirements, we are unable to support the resolution. Vikram Shroff was a member of the NRC till 10 August 2024 and all through FY24. The total promoter remuneration (including Jaydev Shroff and Vikram Shroff’s remuneration) for FY24 at Rs. 996.0 mn is high when compared to global peers. Further, variable pay comprises 50% of the total remuneration paid to the promoters. Given the company’s weak performance in FY24 with negative pre-tax profits, and the global headwinds faced by the industry, the basis for paying variable pay are unclear. We believe there is no linkage between company performance and promoter remuneration: the structure and absolute remuneration has remained unchanged despite the company reporting losses in FY24. The company has clarified that variable pay was paid to all eligible employees however, it is unclear whether these eligible employees included non-promoters. Additionally, the promoters are paid remuneration from a foreign subsidiary denying the ability to shareholders to vote on their remuneration
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Nippon India Mutual FundCompliant with law. No concern identified.
    15 for6 against
  • To approve remuneration of the Cost Auditor for the financial year ending March 31, 2025
    21 for0 against
  • Approve investing in and/or providing loans/ guarantees/ securities to certain subsidiaries of the Company.
    21 for0 against

Mutual fund votes, meeting of 28 Mar 2024, 25 fund houses

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

  • 1. To approve material related party transactions of sale/ purchase of material and functional support services by:ni. UPL Limited and its subsidiaries viz. UPL Mauritius Limited, UPL Management DMCC and Advanta Enterprises Limited to other Subsidiaries/ Associates/ Joint Ventures of UPL Limited; andnii. Subsidiaries/ Associates/ Joint Ventures of UPL Limited, inter-se.MoreLess
    24 for0 against
  • 2. To approve material related party transactions for financial support from:ni. UPL Limited and its subsidiary UPL Corporation Limited, Mauritius to other Subsidiaries/ Associates/ Joint Ventures of UPL Limited; andnii. Subsidiaries/ Associates/ Joint Ventures of UPL Limited, inter-se.MoreLess
    24 for0 against
2 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 18 Aug 2023, 23 fund houses

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

  • To consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2023 and the reports of the Board of Directors and and Auditor thereon.
    22 for0 against
  • To consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2023 and the report of the Auditor thereon.
    22 for0 against
  • To declare dividend on equity shares.
    22 for0 against
  • To re-appoint Mr. Jai Shroff (DIN: 00191050) as Director.
    Against LIC Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund
    • LIC Mutual Fund, PGIM India Mutual FundRe-appointment compliant with law. Governance Concern: Skewed and Excessive remuneration
    • Motilal Oswal Mutual FundExcessive & Skewed Remuneration
    19 for3 against
  • To approve remuneration of the Cost Auditor for the financial year ending March 31, 2024.
    22 for0 against
  • To re-appoint Ms. Usha Rao-Monari (DIN: 08652684) as an Independent Director of the Company.
    Against LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, PGIM India Mutual Fund
    • LIC Mutual Fund, PGIM India Mutual FundNon-Compliant: Appointment without serving the cooling off period of three years.
    • Motilal Oswal Mutual FundAppointment of ID without cooling off period
    • Nippon India Mutual FundAssociation may adversely impact independence
    19 for4 against
5 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 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 boughtPhytochrome Inc.Since 29 Jul 2026

    15.94% bought in the quarter; holding 15.94%, from 0.00%

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

At most 4 complaints open, quarter to Dec 2024.
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 Dec 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. 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
Rights IssuesDec 2024, checked by Care Ratings Limited3,377.74Prepayment, repayment and / or redemption of all, or a portion of, certain outstanding borrowings availed by our Company and certain of our Subsidiaries3,008.812,989.70No
Rights IssuesDec 2024, checked by Care Ratings Limited3,377.74General Corporate Purposes337.77332.20No
Rights IssuesDec 2024, checked by Care Ratings Limited3,377.74Issue related expenses31.1623.10No
₹ 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.