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Vesuvius India MD, chairman, board of directors and AGM

NSE: VESUVIUSBSE: 520113Industrial ProductsSmall Cap

Last close ₹393.60up ₹5.05 (1.30%)BSE ₹392.20

Share price at the NSE close on 23 Oct 2026. Previous close ₹388.55.

52-week range of traded prices to 23 Oct 2026
₹369.30Low, 23 Oct 2026₹607.90High, 20 Feb 2026
Market cap
₹7,989 Cr568th largest listed
P/E
31.2
P/B
4.6
Dividend yield
0.38%
ROE
15.7%
ROCE
16.4%
Debt to equity
0.00
Volume, NSE
69,04043.2% delivered

Vesuvius India 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

  • ChairpersonBISWADIP GUPTA
  • Managing directorMOHINDER PRADIP SINGH RAJPUT
  • Company Secretary and Compliance OfficerSaheb Ali

9 directors3 independent1 executive5 non-executive

  • BISWADIP GUPTA · ChairpersonNon-executive · joined Sep 2025 · 1 listed board · 2 committee seats, 1 as chair
  • PATRICK GEORGES FELIX ANDRENon-executive · joined Aug 2016 · reappointed Apr 2024 · 2 listed boards
  • HENRY JAMES KNOWLESNon-executive · joined Jun 2020 · 3 listed boards · 1 committee seat
  • NITIN JAINNon-executive · joined Mar 2021 · 1 listed board · 1 committee seat
  • PASCAL HERVE MARTIN MARIE GENESTNon-executive · joined Feb 2022 · 1 listed board
  • MOHINDER PRADIP SINGH RAJPUT · Managing directorExecutive · joined Jul 2024 · 1 listed board · 1 committee seat
  • SUNIL KUMAR CHATURVEDIIndependent · joined Apr 2024 · reappointed Apr 2024 · 26 months as independent · 2 listed boards · 1 as independent · 3 committee seats, 1 as chair
  • RASHMI SATISH JOSHIIndependent · joined Sep 2025 · reappointed Sep 2025 · 9 months as independent · 6 listed boards · 6 as independent · 8 committee seats, 2 as chair
  • SRIDHAR GORTHIIndependent · joined Sep 2025 · reappointed Sep 2025 · 9 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 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.

2 directors who left
  • Nayantara Palchoudhuri, left 24 Sep 2025: Tenure Completion
  • Sudipto Sarkar, left 23 Sep 2025: Others

Committees and meetings

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

  • Board

    • 7 May 20269 of 9 present3 independent · 69 days in between
    • 26 Feb 20269 of 9 present3 independent

  • Audit Committee

    Chair SUNIL KUMAR CHATURVEDI

    BISWADIP GUPTA, RASHMI SATISH JOSHI, SRIDHAR GORTHI

    • 7 May 20264 of 4 present3 independent · 69 days in between
    • 26 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair SRIDHAR GORTHI

    PATRICK GEORGES FELIX ANDRE, RASHMI SATISH JOSHI, SUNIL KUMAR CHATURVEDI

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair BISWADIP GUPTA

    MOHINDER PRADIP SINGH RAJPUT, HENRY JAMES KNOWLES, SUNIL KUMAR CHATURVEDI, NITIN JAIN, RASHMI SATISH JOSHI, SRIDHAR GORTHI

    No meeting listed in the filing.

  • Risk Management Committee

    Chair BISWADIP GUPTA

    PASCAL HERVE MARTIN MARIE GENEST, NITIN JAIN, SUNIL KUMAR CHATURVEDI, MOHINDER PRADIP SINGH RAJPUT, SRIDHAR GORTHI, RASHMI SATISH JOSHI, SUBRATA ROY, KARTIKAYE KRISHNA, NEERAJ KUMAR JUMRANI

    • 7 May 20267 of 7 present3 independent · 78 days in between
    • 17 Feb 20267 of 7 present3 independent

  • Corporate Social Responsibility Committee

    Chair BISWADIP GUPTA

    HENRY JAMES KNOWLES, SUNIL KUMAR CHATURVEDI, NITIN JAIN, MOHINDER PRADIP SINGH RAJPUT, SRIDHAR GORTHI, RASHMI SATISH JOSHI

    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 auditor

Named in the results for the quarter to Dec 2025.

  • Price Waterhouse Chartered Accountants LLPPeer-review certificate valid to Nov 2026

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.

Vesuvius India AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Vesuvius India dividend history

Annual general meeting, 7 May 2026

34,613 shareholders on the register on 30 Apr 2026; present: 1 promoter and 434 others; votes counted by ANJAN KUMAR ROY / ANJAN KUMAR ROY & CO.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements of the Company for the financial year ended on December 31, 2025, 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 0.54%

    Turnout: all 81.94% · promoters 100.00% · institutions 97.49% · other public 2.32%

  2. Declaration of dividend at the rate of Rs. 1.50 (One Rupees Fifty Paise only) per Equity Share of Re. 1/- (Rupees One) each fully paid-up of the Company for the financial year ended on December 31, 2025MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.55%

    Turnout: all 81.94% · promoters 100.00% · institutions 97.49% · other public 2.32%

  3. Reappoint Mr. Pasacal Herve Martin Genest (DIN: 09473571) as a Director of the Company, liable to retire by rotation
    Ordinary
    99.59% for0.41% against

    Against: promoters 0.00% · institutions 1.27% · other public 0.62%

    Turnout: all 81.94% · promoters 100.00% · institutions 97.49% · other public 2.32%

  4. Reappoint Mr. Mohinder Pradip Singh Rajput (DIN:10608199) as a Director of the Company, liable to retire by rotation.
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.32% · other public 0.62%

    Turnout: all 81.94% · promoters 100.00% · institutions 97.49% · other public 2.32%

  5. Ratification of remuneration of Cost Auditors M/s. J K & Co., Cost Accountants, for the financial year ending December 31, 2026.
    Special
    100.00% for0.00% against

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

    Turnout: all 81.94% · promoters 100.00% · institutions 97.49% · other public 2.32%

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, 7 Nov 2025, 3 resolutions

37,289 shareholders on the register on 3 Oct 2025; votes counted by Amber Ahmad / Amber Ahmad & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Ms. Rashmi Joshi (DIN: 06641898) as an Independent Director of the Company for a period of five consecutive years with effect from 24th September, 2025.
    Special
    100.00% for0.00% against

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

    Turnout: all 83.44% · promoters 100.00% · institutions 97.46% · other public 14.99%

  2. Appointment of Mr. Sridhar Gorthi (DIN: 00035824) as an Independent Director of the Company for a period of five consecutive years with effect from 24th September, 2025
    Special
    84.87% for15.13% against

    Against: promoters 0.00% · institutions 50.35% · other public 0.05%

    Turnout: all 83.44% · promoters 100.00% · institutions 97.46% · other public 14.98%

  3. Appointment of Mr. Biswadip Gupta (DIN: 00048258) as a Non-Executive Non-Independent Director of the Company, liable to retire by rotation.
    Special
    99.45% for0.55% against

    Against: promoters 0.00% · institutions 1.84% · other public 0.05%

    Turnout: all 83.44% · promoters 100.00% · institutions 97.46% · other public 14.98%

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, 8 May 2025, 9 resolutions

29,610 shareholders on the register on 1 May 2025; present: 1 promoter and 354 others; votes counted by ANJAN KUMAR ROY / ANJAN KUMAR ROY & CO.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements of the Company for the financial year ended December 31, 2024 and 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 82.54% · promoters 100.00% · institutions 97.85% · other public 12.11%

  2. To declare dividend on Equity Share of the Company for the financial year ended December 31, 2024.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.54% · promoters 100.00% · institutions 97.85% · other public 12.11%

  3. To appoint Mr. Henry James Knowles (DIN: 08751453) who retires by rotation as a Director and being eligible, offers himself for reappointment
    Ordinary
    98.18% for1.82% against

    Against: promoters 0.00% · institutions 6.09% · other public 0.00%

    Turnout: all 82.54% · promoters 100.00% · institutions 97.85% · other public 12.11%

  4. To appoint Mr. Nitin Jain (DIN: 07934566), who retires by rotation as a Director and being eligible, offers himself for reappointment.
    Ordinary
    98.18% for1.82% against

    Against: promoters 0.00% · institutions 6.09% · other public 0.00%

    Turnout: all 82.54% · promoters 100.00% · institutions 97.85% · other public 12.11%

  5. To approve appointment of the Secretarial Auditor of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.54% · promoters 100.00% · institutions 97.85% · other public 12.11%

  6. To approve splitting/sub-division of the Company’s equity shares of Rs. 10/- (Rupees Ten Only) each into 10 (Ten) equity shares of face value Re. 1/- (Rupee One Only) each.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.54% · promoters 100.00% · institutions 97.85% · other public 12.11%

  7. To approve amendments in the Memorandum of Association of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 82.54% · promoters 100.00% · institutions 97.85% · other public 12.11%

  8. To approve adoption of new set of Articles of Association of the Company.
    Special
    79.89% for20.11% against

    Against: promoters 0.00% · institutions 67.37% · other public 0.00%

    Turnout: all 82.53% · promoters 100.00% · institutions 97.80% · other public 12.11%

  9. To ratify the remuneration of Cost Auditors of the Company for the financial year ending on December 31, 2025.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.54% · promoters 100.00% · institutions 97.85% · other public 12.11%

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.

Postal ballot, 2 Aug 2024, 2 resolutions

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

  1. Appointment of Mr. Mohinder Pradip Singh Rajput (DIN 10608199) as a Director of the Company, liable to retire by rotation
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.13% · other public 0.41%

    Turnout: all 78.03% · promoters 100.00% · institutions 95.01% · other public 1.70%

  2. Appointment of Mr. Mohinder Pradip Singh Rajput (DIN 10608199) as the Managing Director of the Company for a period of five years, effective from July 1, 2024 (who shall be liable to retire by rotation) including remunerationMoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.05% · other public 0.62%

    Turnout: all 78.03% · promoters 100.00% · institutions 95.01% · other public 1.70%

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 Jun 2024, 2 resolutions

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

  1. Appointment of Mr. Sunil Kumar Chaturvedi (DIN : 02183147) as an Independent Director of the Company for a period of five consecutive years, with effect from April 29, 2024
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.33%

    Turnout: all 79.10% · promoters 100.00% · institutions 97.56% · other public 1.68%

  2. Appointment of Mr. Sudipto Sarkar (DIN : 00048279) as a Non-executive Non-Independent Director of the Company, liable to retire by rotation, for a period of two years, with effect from April 29, 2024
    Special
    86.70% for13.30% against

    Against: promoters 0.00% · institutions 45.38% · other public 0.33%

    Turnout: all 79.10% · promoters 100.00% · institutions 97.56% · other public 1.68%

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

Annual general meeting, 18 Apr 2024, 6 resolutions

Present: 1 promoter and 345 others.The company's voting result (opens in a new tab)

  1. Approval and adoption of the Audited Financial Statements of the Company for the financial year ended on December 31, 2023, 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 3.24%

    Turnout: all 79.48% · promoters 100.00% · institutions 97.95% · other public 0.14%

  2. Declaration of dividend at the rate of Rs. 12.75 (Rupees Twelve and Seventy Five Paise only) per Equity Share of Rs. 10/- (Rupees Ten) each fully paid-up of the Company for the financial year ended on December 31, 2023.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.64%

    Turnout: all 79.50% · promoters 100.00% · institutions 98.01% · other public 0.14%

  3. Re-appointment of Mr. Pascal Herve Martin Marie Genest (DIN: 09473571), as a Director of the Company, liable to retire by rotation.
    OrdinaryPromoters have an interest in it
    98.60% for1.40% against

    Against: promoters 0.00% · institutions 4.67% · other public 2.64%

    Turnout: all 79.50% · promoters 100.00% · institutions 98.01% · other public 0.14%

  4. Approval for continuation of Mr. Patrick Georges Felix Andre (DIN: 07619754) as a Director (not liable to retire by rotation) for a further period of five years commencing from April 1, 2024.
    OrdinaryPromoters have an interest in it
    98.60% for1.40% against

    Against: promoters 0.00% · institutions 4.67% · other public 2.64%

    Turnout: all 79.50% · promoters 100.00% · institutions 98.01% · other public 0.14%

  5. Approval for payment of remuneration to Non-Executive Directors.
    Ordinary
    81.99% for18.01% against

    Against: promoters 0.00% · institutions 59.90% · other public 3.24%

    Turnout: all 79.50% · promoters 100.00% · institutions 98.01% · other public 0.14%

  6. Ratification of remuneration of Cost Auditors M/s. Jithendra Kumar & Co., Cost Accountants, for the financial year ending December 31, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.64%

    Turnout: all 79.50% · promoters 100.00% · institutions 98.01% · other public 0.14%

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, 3 May 2023, 4 resolutions

Present: 1 promoter and 336 others.The company's voting result (opens in a new tab)

  1. Approval and adoption of the Audited Financial Statements of the Company for the financial year ended on December 31, 2022, 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 0.03%

    Turnout: all 80.00% · promoters 100.00% · institutions 97.96% · other public 3.73%

  2. Declaration of dividend at the rate of Rs. 8.25 per Equity Shares of Rs. 10/- each fully paid-up of the Company for the financial year ended on December 31, 2022.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 80.02% · promoters 100.00% · institutions 98.05% · other public 3.74%

  3. Re-appointment of Mr. Nitin Jain (DIN: 07934566) as a Director of the Company, who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 80.02% · promoters 100.00% · institutions 98.05% · other public 3.73%

  4. Ratification of the remuneration of Cost Auditors, M/s. Jithendra Kumar & Co, Cost Accountants for the financial year ending on December 31, 2023.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 80.02% · promoters 100.00% · institutions 98.05% · other public 3.73%

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, 6 May 2022, 6 resolutions

Present: 1 promoter and 82 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements of the Company for the financial year ended on December 31, 2021, 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 2.08%

    Turnout: all 80.71% · promoters 100.00% · institutions 97.48% · other public 0.20%

  2. Declaration of dividend at the rate of Rs. 8/- (Rupees Eight only) per Equity Share of Rs. 10/- each fully paid-up of the Company for the financial year ended on December 31, 2021.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.08%

    Turnout: all 80.71% · promoters 100.00% · institutions 97.50% · other public 0.20%

  3. Re-appointment of Mr Henry James Knowles (DIN: 08751453) as a Director of the Company, liable to retire by rotation.
    OrdinaryPromoters have an interest in it
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 0.82% · other public 15.41%

    Turnout: all 80.71% · promoters 100.00% · institutions 97.50% · other public 0.20%

  4. Appointment of Messrs Price Waterhouse Chartered Accountants LLP, Chartered Accountants, as the Statutory Auditors of the Company for another term of five years and fixation of their remuneration.
    Ordinary
    87.86% for12.14% against

    Against: promoters 0.00% · institutions 39.03% · other public 2.09%

    Turnout: all 80.71% · promoters 100.00% · institutions 97.50% · other public 0.20%

  5. Appointment of Mr Pascal Genest (DIN: 09473571) as a Director of the Company liable to retire by rotation.
    OrdinaryPromoters have an interest in it
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 0.82% · other public 16.75%

    Turnout: all 80.71% · promoters 100.00% · institutions 97.50% · other public 0.20%

  6. Ratification of the remuneration of Cost Auditors of the Company for the financial year ending on December 31, 2022.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.13%

    Turnout: all 80.71% · promoters 100.00% · institutions 97.50% · other public 0.19%

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 7 May 2026, 10 fund houses

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

  • Adoption of the Audited Financial Statements of the Company for the financial year ended on December 31, 2025, the Reports of the Board of Directors and Auditors thereon.
    10 for0 against
  • Declaration of dividend at the rate of Rs. 1.50 (One Rupees Fifty Paise only) per Equity Share of Re. 1/- (Rupees One) each fully paid-up of the Company for the financial year ended on December 31, 2025MoreLess
    9 for0 against
  • Reappoint Mr. Pasacal Herve Martin Genest (DIN: 09473571) as a Director of the Company, liable to retire by rotation
    10 for0 against
  • Reappoint Mr. Mohinder Pradip Singh Rajput (DIN:10608199) as a Director of the Company, liable to retire by rotation.
    10 for0 against
  • Ratification of remuneration of Cost Auditors M/s. J K & Co., Cost Accountants, for the financial year ending December 31, 2026.
    10 for0 against
1 proposal not matched to one resolution
  • To declare a dividend at the rate of Rs. 1.50 per Equity Share having a face value of Rs. 1/- each fully paid-up of the Company, as recommended by the Board of Directors, out of the profits of the Company for the financial year ended on December 31, 2025, on 202,960,800 Equity Shares of the Company.MoreLess
    1 for0 against

Mutual fund votes, meeting of 7 Nov 2025, 12 fund houses

  • Appointment of Ms. Rashmi Joshi (DIN: 06641898) as an Independent Director of the Company for a period of five consecutive years with effect from 24th September, 2025.
    12 for0 against
  • Appointment of Mr. Sridhar Gorthi (DIN: 00035824) as an Independent Director of the Company for a period of five consecutive years with effect from 24th September, 2025
    Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual Fund, Nippon India Mutual FundGovernance concern: Non-material Pecuniary relationship with the Company.
    • Axis Mutual FundSridhar Gorthi, 53, is a founding Partner of Trilegal and serves on the firm’s management committee. He has twenty years of experience in governance, financial, regulatory/legal and risk management, global business management, and leadership. He holds a bachelor’s degree in law from the National Law School of India University, Bengaluru. While his appointment is in line with statutory requirements, we understand from public sources that Trilegal has advised Vesuvius Plc in August 2025 on its acquisition of the India molten metals systems business of Morgan Advanced Materials. This relationship creates a potential conflict of interest. Hence, we do not support the resolution. We do not support the resolution.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Non-material Pecuniary relationship with the Company.
    • Mirae Asset Mutual Fundresolution no inline with regulatory requirement as there could be some potential conflict of interest
    5 for7 against
  • Appointment of Mr. Biswadip Gupta (DIN: 00048258) as a Non-Executive Non-Independent Director of the Company, liable to retire by rotation.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: No cooling off period of 1 year served after completion of term as Independent Director; Appointment as Non-executive Director immediately thereafter raises questions over his independence in the previous term as Independent Director.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance Concern: No cooling off period of 1 year served after completion of term as ID; Appointment as NED immediately thereafter raises questions over his independence in the previous term as ID.
    8 for4 against
6 earlier meetings

Mutual fund votes, meeting of 8 May 2025, 11 fund houses

  • To consider and adopt the Audited Financial Statements of the Company for the financial year ended December 31, 2024 and the Reports of the Board of Directors and Auditors thereon.
    11 for0 against
  • To declare dividend on Equity Share of the Company for the financial year ended December 31, 2024.
    11 for0 against
  • To appoint Mr. Henry James Knowles (DIN: 08751453) who retires by rotation as a Director and being eligible, offers himself for reappointment
    11 for0 against
  • To appoint Mr. Nitin Jain (DIN: 07934566), who retires by rotation as a Director and being eligible, offers himself for reappointment.
    11 for0 against
  • To approve appointment of the Secretarial Auditor of the Company
    Against Axis Mutual Fund
    • Axis Mutual FundThe company seeks shareholders’ approval to adopt a new set of AoA, bearing Article 1 to 113, in substitution and to the entire exclusion of the Company's existing Articles of Association bearing Article 1 to Article 172. The new set of AoA are not available on the company’s website. Given that the AoA is not accessible, it is not possible to ascertain the impact on minority shareholders. Further, we also raise concerns at the delay in making the AoA compliant with the Companies Act 2013: the alignment to the new regulation is being done over a decade after the Companies Act 2013 was notified. We do not support the resolution.
    10 for1 against
  • To approve splitting/sub-division of the Company’s equity shares of Rs. 10/- (Rupees Ten Only) each into 10 (Ten) equity shares of face value Re. 1/- (Rupee One Only) each.
    11 for0 against
  • To approve amendments in the Memorandum of Association of the Company
    11 for0 against
  • To approve adoption of new set of Articles of Association of the Company.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual FundTransparency Concern: Several governance concerns identified in the existing Articles of Association, since updated Articles of Association could not be located, there is no clarity on whether such concerns persist or not.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Transparency Concern: Several governance concerns identified in the existing AOA, since updated AoA could not be located, there is no clarity on whether such concerns persist or not.
    • Mirae Asset Mutual FundResolution is not in line with regulatory requirements
    • Nippon India Mutual FundGovernance Concern: Inadequate disclosure
    5 for6 against
  • To ratify the remuneration of Cost Auditors of the Company for the financial year ending on December 31, 2025.
    11 for0 against

Mutual fund votes, meeting of 2 Aug 2024, 5 fund houses

  • Appointment of Mr. Mohinder Pradip Singh Rajput (DIN 10608199) as a Director of the Company, liable to retire by rotation
    5 for0 against
  • Appointment of Mr. Mohinder Pradip Singh Rajput (DIN 10608199) as the Managing Director of the Company for a period of five years, effective from July 1, 2024 (who shall be liable to retire by rotation) including remunerationMoreLess
    5 for0 against

Mutual fund votes, meeting of 7 Jun 2024, 6 fund houses

  • Appointment of Mr. Sunil Kumar Chaturvedi (DIN : 02183147) as an Independent Director of the Company for a period of five consecutive years, with effect from April 29, 2024
    6 for0 against
  • Appointment of Mr. Sudipto Sarkar (DIN : 00048279) as a Non-executive Non-Independent Director of the Company, liable to retire by rotation, for a period of two years, with effect from April 29, 2024
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundNo cooling off period
    5 for1 against

Mutual fund votes, meeting of 18 Apr 2024, 6 fund houses

  • Approval and adoption of the Audited Financial Statements of the Company for the financial year ended on December 31, 2023, the Reports of the Board of Directors and Auditors thereon.
    6 for0 against
  • Declaration of dividend at the rate of Rs. 12.75 (Rupees Twelve and Seventy Five Paise only) per Equity Share of Rs. 10/- (Rupees Ten) each fully paid-up of the Company for the financial year ended on December 31, 2023.MoreLess
    6 for0 against
  • Re-appointment of Mr. Pascal Herve Martin Marie Genest (DIN: 09473571), as a Director of the Company, liable to retire by rotation.
    6 for0 against
  • Approval for continuation of Mr. Patrick Georges Felix Andre (DIN: 07619754) as a Director (not liable to retire by rotation) for a further period of five years commencing from April 1, 2024.
    6 for0 against
  • Approval for payment of remuneration to Non-Executive Directors.
    Against Axis Mutual Fund, Nippon India Mutual Fund, WhiteOak Capital Mutual Fund
    • Axis Mutual Fund, WhiteOak Capital Mutual FundThe company had sought shareholder approval at the 2017 AGM for payment of commission to directors (other than Managing Director) upto 1.0% of net profits for five financial years from 1 April 2017. Commission was paid to these directors for 2022 and 2023 as well. The company must explain if it has the authorization to pay such commission beyond March 2022. The aggregate commission to non-executive directors ranged between 0.3% - 0.8% of net profits in the last three years, which is reasonable. While the proposed commission to Non-Executive Directors is in line with market practice, we are unable to support the resolution as the approval is sought for any financial year (without any defined tenure) and is thus effectively valid in perpetuity. We do not support such resolutions as shareholders are not afforded the opportunity to periodically vote upon commission to non-executive directors. Further, the company must also consider capping the commission payment in absolute terms.
    • Nippon India Mutual FundNo absolute cap on proposed payment of commission
    3 for3 against
  • Ratification of remuneration of Cost Auditors M/s. Jithendra Kumar & Co., Cost Accountants, for the financial year ending December 31, 2024.
    6 for0 against

Mutual fund votes, meeting of 3 May 2023, 6 fund houses

  • Approval and adoption of the Audited Financial Statements of the Company for the financial year ended on December 31, 2022, the Reports of the Board of Directors and Auditors thereon.
    6 for0 against
  • Declaration of dividend at the rate of Rs. 8.25 per Equity Shares of Rs. 10/- each fully paid-up of the Company for the financial year ended on December 31, 2022.
    6 for0 against
  • Re-appointment of Mr. Nitin Jain (DIN: 07934566) as a Director of the Company, who retires by rotation and being eligible, offers himself for re-appointment.
    6 for0 against
  • Ratification of the remuneration of Cost Auditors, M/s. Jithendra Kumar & Co, Cost Accountants for the financial year ending on December 31, 2023.
    6 for0 against

Mutual fund votes, meeting of 6 May 2022, 4 fund houses

  • Adoption of the Audited Financial Statements of the Company for the financial year ended on December 31, 2021, the Reports of the Board of Directors and Auditors thereon.
    4 for0 against
  • Declaration of dividend at the rate of Rs. 8/- (Rupees Eight only) per Equity Share of Rs. 10/- each fully paid-up of the Company for the financial year ended on December 31, 2021.
    4 for0 against
  • Re-appointment of Mr Henry James Knowles (DIN: 08751453) as a Director of the Company, liable to retire by rotation.
    4 for0 against
  • Appointment of Messrs Price Waterhouse Chartered Accountants LLP, Chartered Accountants, as the Statutory Auditors of the Company for another term of five years and fixation of their remuneration.
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundInadequate disclosure
    3 for1 against
  • Appointment of Mr Pascal Genest (DIN: 09473571) as a Director of the Company liable to retire by rotation.
    4 for0 against
  • Ratification of the remuneration of Cost Auditors of the Company for the financial year ending on December 31, 2022.
    4 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

At most 1 complaint open, quarter to Jun 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
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.