Venus Pipes & Tubes logo

Venus Pipes & Tubes MD, chairman, board of directors and AGM

NSE: VENUSPIPESBSE: 543528Industrial ProductsSmall Cap

Last close ₹1,712.10down ₹74.90 (4.19%)BSE ₹1,710.25

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,787.00.

52-week range of traded prices to 23 Oct 2026
₹890.00Low, 30 Mar 2026₹2,347.90High, 21 Sep 2026
Market cap
₹3,547 Cr1,059th largest listed
P/E
34.2
P/B
5.3
Dividend yield
0.06%
ROE
17.3%
ROCE
18.0%
Debt to equity
0.43
Volume, NSE
1,43,15943.0% delivered

Venus Pipes & Tubes 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 directorArun Axaykumar KothariRelated to the promoter

8 directors4 independent4 executive

  • Arun Axaykumar Kothari · Chairperson and managing directorExecutive · joined Sep 2021 · reappointed Sep 2026 · 1 listed board · 1 committee seat
  • Megharam Sagramji ChoudharyExecutive · joined Feb 2015 · reappointed Sep 2026 · 1 listed board
  • Dhruv Mahendrakumar PatelExecutive · joined Jun 2015 · reappointed Sep 2026 · 1 listed board
  • Jayantiram Motiram ChoudharyExecutive · joined Feb 2015 · reappointed Sep 2023 · 1 listed board · 1 committee seat
  • Kailash Nath BhandariIndependent · joined Oct 2021 · reappointed Oct 2021 · 59 months as independent · 1 listed board · 1 as independent
  • Pranay Ashok SuranaIndependent · joined Oct 2021 · reappointed Oct 2021 · 59 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Shyam AgrawalIndependent · joined Oct 2021 · reappointed Oct 2021 · 59 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 1 as chair
  • Komal Lokesh KhadariaIndependent · joined Oct 2021 · reappointed Oct 2021 · 59 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair

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

Committees and meetings

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

  • Board

    • 16 Sep 20267 of 8 present3 independent · 33 days in between
    • 13 Aug 20267 of 8 present3 independent · 2 days in between
    • 10 Aug 20267 of 8 present3 independent · 75 days in between
    • 26 May 20268 of 8 present4 independent

  • Audit Committee

    Chair Komal Lokesh Khadaria

    Pranay Ashok Surana, Arun Axaykumar Kothari

    • 16 Sep 20263 of 3 present2 independent · 33 days in between
    • 13 Aug 20263 of 3 present2 independent · 2 days in between
    • 10 Aug 20263 of 3 present2 independent · 75 days in between
    • 26 May 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Komal Lokesh Khadaria

    Kailash Nath Bhandari, Pranay Ashok Surana

    • 13 Aug 20263 of 3 present3 independent · 78 days in between
    • 26 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Pranay Ashok Surana

    Shyam Agrawal, Jayantiram Motiram Choudhary

    • 26 May 20262 of 3 present1 independent

  • Risk Management Committee

    Chair Komal Lokesh Khadaria

    Arun Axaykumar Kothari, Jayantiram Motiram Choudhary

    • 26 May 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair Shyam Agrawal

    Megharam Sagramji Choudhary, Dhruv Mahendrakumar Patel

    • 26 May 20262 of 3 present0 independent

  • Management Committee

    Chair Arun Axaykumar Kothari

    Dhruv Mahendrakumar Patel, Megharam Sagramji Choudhary

    • 19 Sep 20263 of 3 present0 independent · 63 days in between
    • 17 Jul 20263 of 3 present0 independent · 29 days in between
    • 17 Jun 20263 of 3 present0 independent · 57 days in between
    • 20 Apr 20263 of 3 present0 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.

  • Maheshwari & Co.Peer-review certificate valid to Feb 2029

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.

Venus Pipes & Tubes 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.Venus Pipes & Tubes dividend history

Extraordinary general meeting, 8 Oct 2026

54,890 shareholders on the register on 1 Oct 2026; present: 7 promoters and 49 others; votes counted by PIYUSH BABUBHAI PRAJAPATI / PIYUSH PRAJAPATI & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To Issuance of Equity Shares of the Company on a Preferential Basis
    Special
    94.27% for5.73% against

    Against: promoters 0.00% · institutions 31.49% · other public 0.00%

    Turnout: all 62.93% · promoters 99.97% · institutions 54.47% · other public 10.06%

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, 11 Sep 2026, 13 resolutions

55,526 shareholders on the register on 4 Sep 2026; present: 6 promoters and 43 others; votes counted by PIYUSH BABUBHAI PRAJAPATI / PIYUSH PRAJAPATI & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.62% · promoters 99.97% · institutions 58.06% · other public 17.77%

  2. To re-appoint Mr. Jayantiram Motiram Choudhary (DIN 02617118) who retires by rotation and being eligible, offers himself for re-appointment as a director.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 65.62% · promoters 99.97% · institutions 58.06% · other public 17.77%

  3. To confirm the payment of Interim Dividend (0.50 paisa/- per equity share i.e. 5%) on Equity Shares and to declare the final dividend (0.50/- per equity share i.e. 5%) on the Equity Shares of the Company for the financial year ended March 31, 2026.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.62% · promoters 99.97% · institutions 58.06% · other public 17.77%

  4. To ratify the remuneration of the Cost Auditors for the financial year 2026-27.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.62% · promoters 99.97% · institutions 58.06% · other public 17.77%

  5. To Re-appoint Mr. Arun Axaykumar Kothari (DIN: 00926613) as a Managing Director of the Company
    OrdinaryPromoters have an interest in it
    99.47% for0.53% against

    Against: promoters 0.00% · institutions 2.95% · other public 0.06%

    Turnout: all 65.62% · promoters 99.97% · institutions 58.06% · other public 17.77%

  6. To Re-appoint Mr. Dhruv Mahendrakumar Patel (DIN: 07098080) as a Whole-time Director of the Company
    OrdinaryPromoters have an interest in it
    99.47% for0.53% against

    Against: promoters 0.00% · institutions 2.95% · other public 0.06%

    Turnout: all 65.62% · promoters 99.97% · institutions 58.06% · other public 17.77%

  7. To Re-appoint Mr. Megharam Sagramji Choudhary (DIN: 02617107) as a Whole-time Director of the Company
    OrdinaryPromoters have an interest in it
    99.47% for0.53% against

    Against: promoters 0.00% · institutions 2.95% · other public 0.06%

    Turnout: all 65.62% · promoters 99.97% · institutions 58.06% · other public 17.77%

  8. To Re-appoint Mr. Kailash Nath Bhandari (DIN: 00026078) as an Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 65.62% · promoters 99.97% · institutions 58.06% · other public 17.77%

  9. To Re-appoint Mr. Shyam Agrawal (DIN: 03516372) as an Independent Director of the Company
    Special
    84.35% for15.65% against

    Against: promoters 0.00% · institutions 88.49% · other public 0.06%

    Turnout: all 65.62% · promoters 99.97% · institutions 58.06% · other public 17.77%

  10. To Re-appoint Mr. Pranay Ashok Surana (DIN: 05192392) as an Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 65.62% · promoters 99.97% · institutions 58.06% · other public 17.77%

  11. To Re-appoint Mrs. Komal Lokesh Khadaria (DIN: 07805112) as an Independent Director of the Company
    Special
    94.50% for5.50% against

    Against: promoters 0.00% · institutions 31.10% · other public 0.06%

    Turnout: all 65.62% · promoters 99.97% · institutions 58.06% · other public 17.77%

  12. To Increase in borrowing limits of the Company under Section 180(1)(c) of the Companies Act, 2013
    Special
    84.50% for15.50% against

    Against: promoters 0.00% · institutions 87.69% · other public 0.00%

    Turnout: all 65.62% · promoters 99.97% · institutions 58.06% · other public 17.77%

  13. To Creation of Charges on the movable and immovable properties of the Company, both present and future, in respect of borrowings under Section 180 (1)(a) of the Companies Act, 2013
    Special
    91.96% for8.04% against

    Against: promoters 0.00% · institutions 45.50% · other public 0.00%

    Turnout: all 65.62% · promoters 99.97% · institutions 58.06% · other public 17.77%

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

Annual general meeting, 25 Sep 2025, 9 resolutions

62,250 shareholders on the register on 18 Sep 2025; present: 7 promoters and 35 others; votes counted by PIYUSH BABUBHAI PRAJAPATI / PIYUSH PRAJAPATI & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2025, along with the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 63.03% · promoters 99.87% · institutions 51.83% · other public 14.43%

  2. To re-appoint Mr. Arun Axaykumar Kothari (DIN 00926613) who retires by rotation and being eligible, offers himself for re-appointment as a director.
    OrdinaryPromoters have an interest in it
    99.71% for0.29% against

    Against: promoters 0.00% · institutions 1.84% · other public 0.01%

    Turnout: all 63.03% · promoters 99.87% · institutions 51.83% · other public 14.43%

  3. To confirm the payment of Interim Dividend (0.50 paisa/- per equity share i.e. 5%) on Equity Shares and to declare the final dividend (0.50/- per equity share i.e. 5%) on the Equity Shares of the Company for the financial year ended March 31, 2025.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 63.03% · promoters 99.87% · institutions 51.83% · other public 14.43%

  4. Re-appointment of Statutory Auditors
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 63.03% · promoters 99.87% · institutions 51.83% · other public 14.43%

  5. To appoint M/s. Nikhil Dhanotiya & Associates, Secretaries as Secretarial Auditors of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 63.03% · promoters 99.87% · institutions 51.83% · other public 14.43%

  6. To ratify the remuneration of the Cost Auditors for the financial year 2025-26.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 63.03% · promoters 99.87% · institutions 51.83% · other public 14.43%

  7. To Increase in borrowing limits of the Company under Section 180(1)(c) of the Companies Act, 2013
    Special
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 1.03% · other public 0.02%

    Turnout: all 63.03% · promoters 99.87% · institutions 51.83% · other public 14.42%

  8. To Creation of Charges on the movable and immovable properties of the Company, both present and future, in respect of borrowings under Section 180 (1)(a) of the Companies Act, 2013
    Special
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 1.03% · other public 0.00%

    Turnout: all 63.03% · promoters 99.87% · institutions 51.83% · other public 14.42%

  9. Approval for Alteration in the Object Clause of the Memorandum of Association of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 63.03% · promoters 99.87% · institutions 51.83% · other public 14.42%

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

Annual general meeting, 25 Sep 2024, 4 resolutions

Present: 6 promoters and 33 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2024, along with the Reports of the Board of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 63.92% · promoters 99.84% · institutions 60.99% · other public 12.83%

  2. To re-appoint Mr. Dhruv Mahendrakumar Patel (DIN 07098080) who retires by rotation and being eligible, offers himself for re-appointment as a director.
    OrdinaryPromoters have an interest in it
    99.48% for0.52% against

    Against: promoters 0.00% · institutions 2.81% · other public 0.02%

    Turnout: all 63.92% · promoters 99.84% · institutions 60.99% · other public 12.83%

  3. To confirm the payment of Interim Dividend (0.50 paisa/- per equity share i.e. 5%) on Equity Shares and to declare the final dividend (0.50/- per equity share i.e. 5%) on the Equity Shares of the Company for the financial year ended March 31, 2024.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 63.92% · promoters 99.84% · institutions 60.99% · other public 12.83%

  4. To ratify the remuneration of the Cost Auditors for the financial year 2024-25.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 63.92% · promoters 99.84% · institutions 60.99% · other public 12.83%

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, 30 Mar 2024, 1 resolution

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

  1. To consider and approve the issuance of Warrants convertible into Equity Shares of the Company on a Preferential Basis.
    SpecialPromoters have an interest in it
    95.62% for4.38% against

    Against: promoters 0.00% · institutions 26.28% · other public 0.03%

    Turnout: all 67.55% · promoters 98.48% · institutions 73.54% · other public 23.22%

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

Annual general meeting, 25 Sep 2023, 10 resolutions

Present: 10 promoters and 92 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2023, along with the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 68.62% · promoters 98.47% · institutions 75.88% · other public 27.74%

  2. To re-appoint Mr. Megharam Sagramji Choudhary (DIN 02617107) who retires by rotation and being eligible, offers himself for re-appointment as a director.
    OrdinaryPromoters have an interest in it
    99.93% for0.07% against

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

    Turnout: all 68.62% · promoters 98.47% · institutions 75.88% · other public 27.74%

  3. To confirm the payment of Interim Dividend (0.50 paisa/- per equity share i.e. 5%) on Equity Shares and to declare the final dividend (0.50/- per equity share i.e. 5%) on the Equity Shares of the Company for the financial year ended March 31, 2023.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 68.62% · promoters 98.47% · institutions 75.88% · other public 27.74%

  4. To approve implementation of the “Venus Pipes & Tubes Limited – Employee Stock Option Scheme 2023”
    Special
    90.54% for9.46% against

    Against: promoters 0.00% · institutions 60.66% · other public 0.00%

    Turnout: all 68.62% · promoters 98.47% · institutions 75.88% · other public 27.74%

  5. To approve grant of employee stock options under the “Venus Pipes & Tubes Limited - Employee Stock Option Scheme 2023” to the eligible employees of the Company’s Subsidiary Companies, Holding Company, Group Company or Associate CompaniesMoreLess
    Special
    84.50% for15.50% against

    Against: promoters 0.00% · institutions 99.42% · other public 0.02%

    Turnout: all 68.62% · promoters 98.47% · institutions 75.88% · other public 27.74%

  6. To reappoint Mr. Jayantiram Motiram Choudhary as Whole Time Director of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 68.62% · promoters 98.47% · institutions 75.88% · other public 27.74%

  7. To increase in remuneration of Mr. Arun Axaykumar Kothari, Managing Director
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 56.92% · promoters 74.19% · institutions 75.88% · other public 27.74%

  8. To increase in remuneration of Mr. Megharam Sagramji Choudhary, Whole Time Director
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 51.39% · promoters 62.71% · institutions 75.88% · other public 27.74%

  9. To increase in remuneration of Mr. Dhruv Mahendrakumar Patel, Whole Time Director
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 55.90% · promoters 72.09% · institutions 75.88% · other public 27.74%

  10. To ratify the remuneration of the Cost Auditors for the financial year 2023-24
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 68.62% · promoters 98.47% · institutions 75.88% · other public 27.74%

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, 24 Aug 2022, 3 resolutions

Present: 14 promoters and 70 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements as at March 31, 2022, along with the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.02% · promoters 99.97% · institutions 56.06% · other public 42.09%

  2. To re-appoint Mr. Jayantiram Motiram Choudhary (DIN 02617118) who retires by rotation and being eligible, offers himself for re-appointment as a director.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.02% · promoters 99.97% · institutions 56.06% · other public 42.09%

  3. To ratify the remuneration of the Cost Auditors for the financial year 2022-23.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.02% · promoters 99.97% · institutions 56.06% · other public 42.09%

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 11 Sep 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)

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

  • To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors thereon.
    2 for0 against
  • To re-appoint Mr. Jayantiram Motiram Choudhary (DIN 02617118) who retires by rotation and being eligible, offers himself for re-appointment as a director.
    2 for0 against
  • To confirm the payment of Interim Dividend (0.50 paisa/- per equity share i.e. 5%) on Equity Shares and to declare the final dividend (0.50/- per equity share i.e. 5%) on the Equity Shares of the Company for the financial year ended March 31, 2026.MoreLess
    2 for0 against
  • To ratify the remuneration of the Cost Auditors for the financial year 2026-27.
    2 for0 against
  • To Re-appoint Mr. Arun Axaykumar Kothari (DIN: 00926613) as a Managing Director of the Company
    2 for0 against
  • To Re-appoint Mr. Dhruv Mahendrakumar Patel (DIN: 07098080) as a Whole-time Director of the Company
    2 for0 against
  • To Re-appoint Mr. Megharam Sagramji Choudhary (DIN: 02617107) as a Whole-time Director of the Company
    2 for0 against
  • To Re-appoint Mr. Kailash Nath Bhandari (DIN: 00026078) as an Independent Director of the Company
    2 for0 against
  • To Re-appoint Mr. Shyam Agrawal (DIN: 03516372) as an Independent Director of the Company
    Against Sundaram Mutual Fund
    • Sundaram Mutual FundShyam Agrawal, 46, has over 19 years of experience as a practicing company secretary. He has served on the board as an Independent Director since 19 October 2021. Shyam Agrawal has attended one out of six board meetings (17%) in FY26 and three out of nineteen board meetings (16%) held in the previous three years. We expect directors to attend all board meetings: we have a threshold of 75% attendance of the board meetings in the three-years prior to re-appointment. Hence, we do not support the reappointment.
    1 for1 against
  • To Re-appoint Mr. Pranay Ashok Surana (DIN: 05192392) as an Independent Director of the Company
    2 for0 against
  • To Re-appoint Mrs. Komal Lokesh Khadaria (DIN: 07805112) as an Independent Director of the Company
    2 for0 against
  • To Increase in borrowing limits of the Company under Section 180(1)(c) of the Companies Act, 2013
    Against Sundaram Mutual Fund
    • Sundaram Mutual FundAs on 31 March 2026, the company had aggregate debt of Rs. 2.9 bn. The company has stated that it is actively pursuing and exploring various project development opportunities and hence to fund the growth opportunities requires an increase in borrowing limits to Rs. 20.0 bn from Rs. 7.5 bn. As per the Q1 FY27 earnings call transcript the company has an order book Rs. 6.0 bn and an LOI of Rs. 1.9 bn. Further, the company intends to undertake capex of Rs. 1.0 bn (Rs. 0.7 bn towards spooling, fittings and other machineries and ~Rs. 0.15 bn towards maintenance capex for the solar plant) during FY27. The capex will be funded through a mix of internal accrual and debt. However, the company must provide granular details regarding the reason to increase borrowing limits upto Rs. 20.0 bn : ~3x of the networth as on 31 March 2026 and 2.5x of the current borrowing limits. In absence of granular details, we do not support the resolution.
    0 for1 against
  • To Creation of Charges on the movable and immovable properties of the Company, both present and future, in respect of borrowings under Section 180 (1)(a) of the Companies Act, 2013
    2 for0 against
1 proposal not matched to one resolution
  • To borrow, from time to time, such sum or sums of monies as the Board may deem necessary, notwithstanding that the monies to be borrowed, together with the monies already borrowed by the Company, apart from temporary loans obtained or to be obtained from the Company’s bankers in the ordinary course of business, may exceed the aggregate of the paid-up share capital, free reserves and securities premium of the Company, provided that the total amount so borrowed shall not at any time exceed Rs. 2,000 Crores.MoreLess
    1 for0 against

Mutual fund votes, meeting of 25 Sep 2025, 7 fund houses

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

  • To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2025, along with the Reports of the Board of Directors and Auditors thereon.
    7 for0 against
  • To re-appoint Mr. Arun Axaykumar Kothari (DIN 00926613) who retires by rotation and being eligible, offers himself for re-appointment as a director.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundCombined position of Managing Director and Chairman, which may lead to concentration of power in the hands of a single individual.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on merit of proposed appointee. Governance Concern: Proposed appointee holds combined position of Managing Director and Chairman, which may lead to concentration of power in the hands of a single individual.
    3 for4 against
  • To confirm the payment of Interim Dividend (0.50 paisa/- per equity share i.e. 5%) on Equity Shares and to declare the final dividend (0.50/- per equity share i.e. 5%) on the Equity Shares of the Company for the financial year ended March 31, 2025.MoreLess
    7 for0 against
  • Re-appointment of Statutory Auditors
    7 for0 against
  • To appoint M/s. Nikhil Dhanotiya & Associates, Secretaries as Secretarial Auditors of the Company
    7 for0 against
  • To ratify the remuneration of the Cost Auditors for the financial year 2025-26.
    7 for0 against
  • To Creation of Charges on the movable and immovable properties of the Company, both present and future, in respect of borrowings under Section 180 (1)(a) of the Companies Act, 2013
    7 for0 against
  • Approval for Alteration in the Object Clause of the Memorandum of Association of the Company
    7 for0 against
1 proposal not matched to one resolution
  • To borrow any sum or sums of money by obtaining loans, overdraft facilities, lines of credit, commercial papers, convertible/ nonconvertible debentures, external commercial borrowings (loans/ bonds), INR denominated offshore bonds or in any other forms from Banks, Financial Institutions, other Bodies Corporate or other eligible investors, from time to time, which, together with the monies already borrowed by the Company (apart from temporary loans obtained or to be obtained from the Company’s Bankers in the ordinary course of business) may exceed, at any time, the aggregate of the paid-up share capital, free reserves and securities premium, provided that the total amount so borrowed by the Board does not exceed a sum of Rs. 750 cr.MoreLess
    7 for0 against
4 earlier meetings

Mutual fund votes, meeting of 25 Sep 2024, 2 fund houses

  • To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2024, along with the Reports of the Board of Directors and Auditors thereon
    2 for0 against
  • To re-appoint Mr. Dhruv Mahendrakumar Patel (DIN 07098080) who retires by rotation and being eligible, offers himself for re-appointment as a director.
    2 for0 against
  • To confirm the payment of Interim Dividend (0.50 paisa/- per equity share i.e. 5%) on Equity Shares and to declare the final dividend (0.50/- per equity share i.e. 5%) on the Equity Shares of the Company for the financial year ended March 31, 2024.MoreLess
    2 for0 against
  • To ratify the remuneration of the Cost Auditors for the financial year 2024-25.
    2 for0 against

Mutual fund votes, meeting of 30 Mar 2024, 2 fund houses

  • To consider and approve the issuance of Warrants convertible into Equity Shares of the Company on a Preferential Basis.
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundNo urgent needs of fund and Price of Warrants almost at par with equity shares.
    1 for1 against

Mutual fund votes, meeting of 25 Sep 2023, 1 fund house

  • To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2023, along with the Reports of the Board of Directors and Auditors thereon.
    1 for0 against
  • To re-appoint Mr. Megharam Sagramji Choudhary (DIN 02617107) who retires by rotation and being eligible, offers himself for re-appointment as a director.
    1 for0 against
  • To confirm the payment of Interim Dividend (0.50 paisa/- per equity share i.e. 5%) on Equity Shares and to declare the final dividend (0.50/- per equity share i.e. 5%) on the Equity Shares of the Company for the financial year ended March 31, 2023.MoreLess
    1 for0 against
  • To approve implementation of the “Venus Pipes & Tubes Limited – Employee Stock Option Scheme 2023”
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundInadequate disclosure
    0 for1 against
  • To approve grant of employee stock options under the “Venus Pipes & Tubes Limited - Employee Stock Option Scheme 2023” to the eligible employees of the Company’s Subsidiary Companies, Holding Company, Group Company or Associate CompaniesMoreLess
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundInadequate disclosure
    0 for1 against
  • To reappoint Mr. Jayantiram Motiram Choudhary as Whole Time Director of the Company
    1 for0 against
  • To increase in remuneration of Mr. Arun Axaykumar Kothari, Managing Director
    1 for0 against
  • To increase in remuneration of Mr. Megharam Sagramji Choudhary, Whole Time Director
    1 for0 against
  • To increase in remuneration of Mr. Dhruv Mahendrakumar Patel, Whole Time Director
    1 for0 against
  • To ratify the remuneration of the Cost Auditors for the financial year 2023-24
    1 for0 against

Mutual fund votes, meeting of 24 Aug 2022, 1 fund house

  • To receive, consider and adopt the Audited Financial Statements as at March 31, 2022, along with the Reports of the Board of Directors and Auditors thereon.
    1 for0 against
  • To re-appoint Mr. Jayantiram Motiram Choudhary (DIN 02617118) who retires by rotation and being eligible, offers himself for re-appointment as a director.
    1 for0 against
  • To ratify the remuneration of the Cost Auditors for the financial year 2022-23.
    1 for0 against

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

Investor complaints and compliance

Quarter by quarter.

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

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
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.

How money raised was used

Reported for the quarter to Mar 2026. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far. A statement's amounts are left out where the raise it states is more than ten times everything the company owns, a figure typed at the wrong scale.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesApr 2024–Capital Expenditure: Capital Expenditure for expansion into Fittings business and capacity expansion of Seamless/Welded Pipes and Tubes––No
₹ 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.