Vidhi Specialty Food Ingredients logo

Vidhi Specialty Food Ingredients MD, chairman, board of directors and AGM

NSE: VIDHIINGBSE: 531717Chemicals & PetrochemicalsSmall Cap

Formerly Vidhi Dyestuffs Manufacturing
Last close ₹318.60down ₹16.85 (5.02%)BSE ₹317.90

Share price at the NSE close on 23 Oct 2026. Previous close ₹335.45.

52-week range of traded prices to 23 Oct 2026
₹258.60Low, 30 Mar 2026₹387.85High, 18 Nov 2025
Market cap
₹1,591 Cr1,280th largest listed
P/E
29.9
P/B
4.9
Dividend yield
0.47%
ROE
16.9%
ROCE
19.3%
Debt to equity
0.18
Volume, NSE
29,61681.8% delivered

Vidhi Specialty Food Ingredients board of directors

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

  • Chairperson and managing directorBipin Madhavji ManekRelated to the promoter
  • Managing directorMihir Bipin Manek
  • Company Secretary and Compliance OfficerAnupam J Vyas

8 directors4 independent3 executive1 non-executive

  • Bipin Madhavji Manek · Chairperson and managing directorExecutive · joined Jan 1994 · 1 listed board
  • Mihir Bipin Manek · Managing directorExecutive · joined Jul 2006 · 1 listed board · 1 committee seat
  • Vidhi Harsh ParekhExecutive · joined Nov 2020 · 1 listed board
  • Ashit Kantilal DoshiIndependent · joined Jun 2019 · reappointed Sep 2023 · 84 months as independent · 2 listed boards · 1 as independent · 1 committee seat, 1 as chair
  • Jyoti Sunil ModiIndependent · joined Mar 2020 · reappointed Sep 2024 · 75 months as independent · 1 listed board · 1 as independent
  • Pranali Prathamesh GovekarIndependent · joined Aug 2024 · reappointed Aug 2024 · 22 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Anil Popatlal UdeshiIndependent · joined Aug 2024 · reappointed Aug 2024 · 22 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Pravina Bipin ManekNon-executive · joined Jan 1994 · 1 listed board · 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

    • 14 May 20268 of 8 present4 independent · 100 days in between
    • 2 Feb 20268 of 8 present4 independent

  • Audit Committee

    Chair Ashit Kantilal Doshi

    Pranali Prathamesh Govekar, Mihir Bipin Manek

    • 14 May 20263 of 3 present2 independent · 100 days in between
    • 2 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Ashit Kantilal Doshi

    Pranali Prathamesh Govekar, Pravina Bipin Manek

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Pravina Bipin Manek

    Pranali Prathamesh Govekar, Anil Popatlal Udeshi

    • 14 May 20263 of 3 present2 independent · 100 days in between
    • 2 Feb 20263 of 3 present2 independent

  • Risk Management Committee

    Chair Jyoti Sunil Modi

    Mihir Bipin Manek, Mitesh Dinesh Manek

    • 2 Feb 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair Jyoti Sunil Modi

    Pranali Prathamesh Govekar, Anil Popatlal Udeshi

    • 14 May 20263 of 3 present3 independent · 100 days in between
    • 2 Feb 20263 of 3 present3 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Bhuta Shah & Co LLPPeer-review certificate valid to Jun 2027

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

Vidhi Specialty Food Ingredients 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.Vidhi Specialty Food Ingredients dividend history

Annual general meeting, 24 Sep 2026

14,995 shareholders on the register on 17 Sep 2026; present: 7 promoters and 26 others; votes counted by Himanshu Kapadia / Himanshu Kapadia & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone Audited Financial Statements of the Company for the financial year ended March 31, 2026, including the Audited Balance Sheet as at March 31, 2026, the Change in Equity, Statement of Profit and Loss and Cash Flow Statement of the Company for the year ended on that date and notes related thereto together with the Reports of the Board and Auditors’ thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 66.53% · promoters 100.00% · institutions 25.59% · other public 6.27%

  2. To receive, consider and adopt the Consolidated Audited Financial Statement of the Company for the financial year ended March 31, 2026 including the Audited Balance Sheet as at March 31, 2026, the Change in Equity, Statement of Profit and Loss and Cash Flow Statement of the Company for the year ended on that date and notes related thereto together with the Report of Auditors’ thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 66.53% · promoters 100.00% · institutions 25.59% · other public 6.27%

  3. To confirm payment of the 1st Interim Dividend and 2nd Interim Dividend on Equity Shares declared for the financial year 2025-26.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 66.53% · promoters 100.00% · institutions 25.59% · other public 6.27%

  4. To appoint a Director in place of Mrs. Pravina Bipin Manek (DIN: 00416533), who retires by rotation and who is not disqualified to become Director under the Act and being eligible, offers herself for re-appointment.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 66.53% · promoters 100.00% · institutions 25.59% · other public 6.27%

  5. To appoint Mr. Chetan Prabhudas Bavishi (DIN: 0197810) as Non-executive Independent Director of the Company for a term of five (5) years.
    Special
    100.00% for0.00% against

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

    Turnout: all 66.53% · promoters 100.00% · institutions 25.59% · other public 6.27%

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, 8 resolutions

15,886 shareholders on the register on 18 Aug 2025; present: 6 promoters and 32 others; votes counted by Hemanshu Kapadia / Hemanshu Kapadia & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone Audited Financial Statement of the Company for the financial year ended March 31, 2025, including the Audited Balance Sheet as at March 31, 2025, the Change in Equity, Statement of Profit and Loss and Cash Flow Statement of the Company for the year ended on that date and notes related thereto together with the Reports of the Board and Auditors’ thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 64.48% · promoters 100.00% · institutions 31.26% · other public 0.47%

  2. To receive, consider and adopt the Consolidated Audited Financial Statement of the Company for the financial year ended March 31, 2025 including the Audited Balance Sheet as at March 31, 2025, the Change in Equity, Statement of Profit and Loss and Cash Flow Statement of the Company for the year ended on that date and notes related thereto together with the Report of Auditors’ thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 64.48% · promoters 100.00% · institutions 31.26% · other public 0.47%

  3. To confirm payment of the 1st Interim Dividend, 2nd Interim Dividend and 3rd Interim Dividend on Equity Shares declared 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 64.48% · promoters 100.00% · institutions 31.26% · other public 0.47%

  4. To declare Final Dividend on Equity Shares 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 64.48% · promoters 100.00% · institutions 31.26% · other public 0.47%

  5. To appoint a Director in place of Mrs. Vidhi Harsh Parekh (DIN: 07584061), who retires by rotation and who is not disqualified to become Director under the Act and being eligible, offers herself for re-appointment.MoreLess
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 20.81%

    Turnout: all 64.48% · promoters 100.00% · institutions 31.26% · other public 0.47%

  6. To re-appoint Mr. Mihir Bipin Manek (DIN: 00650613) as Joint Managing Director of the Company and payment of remuneration to him.
    OrdinaryPromoters have an interest in it
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 98.74% · other public 0.02%

    Turnout: all 64.48% · promoters 100.00% · institutions 31.26% · other public 0.47%

  7. To re-appoint Mrs. Vidhi Harsh Parekh (DIN: 07584061) as a Whole-Time Director of the Company and payment of remuneration to her.
    OrdinaryPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 20.83%

    Turnout: all 64.48% · promoters 100.00% · institutions 31.26% · other public 0.47%

  8. To appoint Secretarial Auditor.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 64.48% · promoters 100.00% · institutions 31.26% · other public 0.47%

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 Sep 2024, 8 resolutions

Present: 7 promoters and 36 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone Audited Financial Statement of the Company for the financial year ended March 31, 2024 including the audited Balance Sheet as at March 31, 2024, the Change in Equity, Statement of Profit and Loss and Cash Flow Statement of the Company for the year ended on that date and notes related thereto together with the Reports of the Board and the Auditors’ thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.54% · promoters 100.00% · institutions 22.45% · other public 3.47%

  2. To receive, consider and adopt the Consolidated Audited Financial Statement of the Company for the financial year ended March 31, 2024 including the Audited Balance Sheet as at March 31, 2024, the Change in Equity, Statement of Profit and Loss and Cash Flow Statement of the Company for the year ended on that date and notes related thereto together with the Report of Auditors’ thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.54% · promoters 100.00% · institutions 22.45% · other public 3.47%

  3. To confirm the 1st Interim Dividend and 2nd Interim Dividend declared in the financial year 2023-24.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.54% · promoters 100.00% · institutions 22.45% · other public 3.47%

  4. To declare Final Dividend on Equity Shares for the financial year 2023-24.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.54% · promoters 100.00% · institutions 22.45% · other public 3.47%

  5. To appoint a Director in place of Mrs. Pravina B. Manek (DIN: 00416533), who retires by rotation pursuant to the provisions of Section 152 of the Companies Act, 2013 (‘the Act’) and who is not disqualified to become Director under the Act and being eligible, offers herself for re-appointment.MoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 47.77% · other public 0.00%

    Turnout: all 65.54% · promoters 100.00% · institutions 22.45% · other public 3.47%

  6. To re-appoint Mrs. Jyoti Sunil Modi (DIN: 08699101) as an Non-executive, Independent (Women) Director for a second term of 5 (five) consecutive years.
    Special
    100.00% for0.00% against

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

    Turnout: all 65.54% · promoters 100.00% · institutions 22.45% · other public 3.47%

  7. To appoint Mrs. Pranali Prathamesh Govekar (DIN: 10727843) as a Non-Executive, Independent Director.
    Special
    100.00% for0.00% against

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

    Turnout: all 65.54% · promoters 100.00% · institutions 22.45% · other public 3.47%

  8. To appoint Mr. Anil Popatlal Udeshi (DIN: 08285657) as a Non-Executive, Independent Director.
    Special
    100.00% for0.00% against

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

    Turnout: all 65.54% · promoters 100.00% · institutions 22.45% · other public 3.47%

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, 29 Sep 2023, 7 resolutions

Present: 5 promoters and 30 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone Audited Financial Statement of the Company for the financial year ended March 31, 2023 including the audited Balance Sheet as at March 31, 2023, the Change in Equity, Statement of Profit and Loss and Cash Flow Statement of the Company for the year ended on that date and notes related thereto together with the Report of the Board and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.24% · promoters 100.00% · institutions 19.75% · other public 2.67%

  2. receive, consider and adopt the Consolidated Audited Financial Statement of the Company for the financial year ended March 31, 2023 including the Audited Balance Sheet as at March 31, 2023, the Change in Equity, Statement of Profit and Loss and Cash Flow Statement of the Company for the year ended on that date and notes related thereto together with the Report of Auditors’ thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.24% · promoters 100.00% · institutions 19.75% · other public 2.67%

  3. To confirm the 1st Interim Dividend declared for the financial year 2022-23.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.24% · promoters 100.00% · institutions 19.75% · other public 2.67%

  4. To declare Final Dividend on Equity Shares for the financial year 2022-23.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.24% · promoters 100.00% · institutions 19.75% · other public 2.67%

  5. To appoint a Director in place of Mr. Mihir B. Manek (DIN: 00650613), who retires by rotation pursuant to the provisions of Section 152 of the Companies Act, 2013 (‘the Act’) and who is not disqualified to become Director under the Act and being eligible, offers himself for re-appointment.MoreLess
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.01%

    Turnout: all 65.24% · promoters 100.00% · institutions 19.75% · other public 2.67%

  6. To give authority to the Board to borrow money in excess of limit specified u/s 180 (1)(c) of the Companies Act, 2013.
    Special
    100.00% for0.00% against

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

    Turnout: all 65.24% · promoters 100.00% · institutions 19.75% · other public 2.67%

  7. To re-appoint Mr. Ashit Kantilal Doshi (DIN: 08486679) as an Independent Director for a second term of 5 (five) consecutive years.
    Special
    100.00% for0.00% against

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

    Turnout: all 65.24% · promoters 100.00% · institutions 19.75% · other public 2.67%

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

Annual general meeting, 30 Sep 2022, 10 resolutions

Present: 5 promoters and 50 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone Audited Financial Statement of the Company for the financial year ended March 31, 2022 including the audited Balance Sheet as at March 31, 2022, the Change in Equity, Statement of Profit and Loss and Cash Flow Statement of the Company for the year ended on that date and notes related thereto together with the Report of the Board and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 6.43% · promoters 9.25% · institutions 77.52% · other public 0.90%

  2. To receive, consider and adopt the Consolidated Audited Financial Statement of the Company for the financial year ended March 31, 2022 including the Audited Balance Sheet as at March 31, 2022, the Change in Equity, Statement of Profit and Loss and Cash Flow Statement of the Company for the year ended on that date and notes related thereto together with the Report of Auditors’ thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 6.43% · promoters 9.25% · institutions 77.52% · other public 0.90%

  3. To confirm the 1st Interim Dividend declared in the financial year 2021-22.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 6.99% · promoters 9.25% · institutions 77.52% · other public 2.49%

  4. To declare Final Dividend on Equity Shares for the financial year 2021-22.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 6.99% · promoters 9.25% · institutions 77.52% · other public 2.49%

  5. To appoint a Director in place of Mrs. Pravina Bipin Manek (DIN: 00416533), who retires by rotation pursuant to the provisions of Section 152 of the Companies Act, 2013 (‘the Act’) and who is not disqualified to become Director under the Act and being eligible, offers herself for re-appointment.MoreLess
    OrdinaryPromoters have an interest in it
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 8.65% · other public 0.78%

    Turnout: all 6.43% · promoters 9.25% · institutions 77.52% · other public 0.90%

  6. To appoint a Director in place of Mrs. Vidhi Harsh Parekh (DIN: 07584061), who retires by rotation pursuant to the provisions of Section 152 of the Companies Act, 2013 (‘the Act’) and who is not disqualified to become Director under the Act and being eligible, offers herself for re-appointment.MoreLess
    OrdinaryPromoters have an interest in it
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 8.65% · other public 0.78%

    Turnout: all 6.43% · promoters 9.25% · institutions 77.52% · other public 0.90%

  7. To appoint M/s. Bhuta Shah & Co. LLP, Chartered Accountants, Mumbai (Firm Registration No: 101474W/W100100) as the Statutory Auditors of the Company and fix their remuneration.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 6.99% · promoters 9.25% · institutions 77.52% · other public 2.49%

  8. To consider re-appointment of Mr. Bipin Madhavji Manek (DIN: 00416441) as Managing Director of the Company and continue to act as Managing Director of the Company and giving remuneration after the age of 70 years.MoreLess
    SpecialPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.81%

    Turnout: all 6.43% · promoters 9.25% · institutions 77.52% · other public 0.90%

  9. To approve the increase in remuneration of Mr. Vijay Krishnaswamirao Atre (DIN: 00416853) as Non-Executive Director of the Company which may exceed fifty per cent of the total annual remuneration payable to all Non-Executive Directors.MoreLess
    Special
    99.67% for0.33% against

    Against: promoters 0.00% · institutions 8.65% · other public 2.09%

    Turnout: all 6.43% · promoters 9.25% · institutions 77.52% · other public 0.90%

  10. To approve the aggregate annual remuneration payable to the Promoter-Executive Directors/Members of the Promoter Group exceeding 5% of the Net Profits of the Company calculated as per Section 198 of the Companies Act, 2013.MoreLess
    SpecialPromoters have an interest in it
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.17%

    Turnout: all 6.43% · promoters 9.25% · institutions 77.52% · other public 0.90%

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

Annual general meeting, 28 Sep 2021, 9 resolutions

Present: 7 promoters and 32 others.The company's voting result (opens in a new tab)

  1. 1(a). To receive, consider and adopt the Standalone Audited Financial Statement of the Company for the financial year ended March 31, 2021, the Change in Equity, Statement of Profit and Loss and Cash Flow Statement of the Company for the year ended on that date and notes related thereto together with the Board’s Report and the Report of Auditors’ thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 62.40% · promoters 96.49% · institutions 27.13% · other public 0.72%

  2. 1(b). To receive, consider and adopt the Consolidated Audited Financial Statement of the Company for the financial year ended March 31, 2021 including the Audited Balance Sheet as at March 31, 2021, the Change in Equity, Statement of Profit and Loss and Cash Flow Statement of the Company for the year ended on that date and notes related thereto together with the Report of Auditors’ thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 62.40% · promoters 96.49% · institutions 27.13% · other public 0.72%

  3. 2. To confirm the 1st Interim Dividend, 2nd Interim Dividend and 3rd Interim Dividend declared in the financial year 2020-21.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 62.40% · promoters 96.49% · institutions 27.13% · other public 0.72%

  4. 3. To declare Final Dividend on Equity Shares for the financial year 2020-21.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 62.40% · promoters 96.49% · institutions 27.13% · other public 0.72%

  5. 4. To appoint a Director in place of Mr. Mihir B. Manek (DIN: 00650613), who retires by rotation pursuant to the provisions of Section 152 of the Companies Act, 2013 (“the Act”) and who is not disqualified to become Director under the Act and being eligible, offers himself for re-appointment.MoreLess
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 11.29% · other public 0.03%

    Turnout: all 62.40% · promoters 96.49% · institutions 27.13% · other public 0.72%

  6. 5. To appoint Mrs. Vidhi Harsh Parekh (DIN: 07584061) as Director of the Company.
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 11.29% · other public 0.03%

    Turnout: all 62.40% · promoters 96.49% · institutions 27.13% · other public 0.72%

  7. 6. To consider appointment of Mrs. Vidhi Harsh Parekh (DIN: 07584061) as Whole-time Director of the Company and payment of remuneration to her.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 62.40% · promoters 96.49% · institutions 27.13% · other public 0.72%

  8. 7. To approve the payment of remuneration to Mr. Vijay Krishnaswamirao Atre (DIN: 00416853) as Non-Executive Director of the Company which may exceeds fifty per cent of the total annual remuneration payable to all Non-Executive Directors.MoreLess
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.57%

    Turnout: all 62.40% · promoters 96.49% · institutions 27.13% · other public 0.72%

  9. 8. To approve the aggregate annual remuneration payable to the Promoter-Executive Directors/Members of the Promoter Group exceeding 5% of the Net Profits of the Company calculated as per Section 198 of the Companies Act, 2013.MoreLess
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.62%

    Turnout: all 62.40% · promoters 96.49% · institutions 27.13% · other public 0.72%

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, 29 Sep 2020, 9 resolutions

Present: 4 promoters and 116 others.The company's voting result (opens in a new tab)

  1. 1(a) To receive, consider and adopt the Standalone Audited Financial Statement of the Company for the financial year ended March 31, 2020, the Change in Equity, Statement of Profit and Loss and Cash Flow Statement of the Company for the year ended on that date and notes related thereto together with the Board’s Report and the Report of Auditors’ thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.31% · promoters 100.00% · institutions 0.00% · other public 2.92%

  2. 1(b) To receive, consider and adopt the Consolidated Audited Financial Statement of the Company for the financial year ended March 31, 2020 including the Audited Balance Sheet as at March 31, 2020, the Change in Equity, Statement of Profit and Loss and Cash Flow Statement of the Company for the year ended on that date and notes related thereto together with the Report of Auditors’ thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.31% · promoters 100.00% · institutions 0.00% · other public 2.92%

  3. 2. To confirm the 1st Interim Dividend, 2nd Interim Dividend and 3rd Interim Dividend declared in the financial year 2019-20.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.31% · promoters 100.00% · institutions 0.00% · other public 2.92%

  4. 3. To declare Final Dividend on Equity Shares for the financial year 2019-20.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.31% · promoters 100.00% · institutions 0.00% · other public 2.92%

  5. 4. To appoint a Director in place of Mr. Vijay Krishnaswamirao Atre (DIN: 00416853), who retires by rotation pursuant to the provisions of Section 152 of the Companies Act, 2013 (“the Act”) and who is not disqualified to become Director under the Act and being eligible, offers himself for re-appointment.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.31% · promoters 100.00% · institutions 0.00% · other public 2.92%

  6. 5. To appoint Mrs. Jyoti Sunil Modi (DIN: 08699101) as a Non-Executive, Woman Independent Director.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.31% · promoters 100.00% · institutions 0.00% · other public 2.92%

  7. 6. To consider re-appointment of Mr. Mihir Bipin Manek (DIN: 00650613) as Joint Managing Director of the Company and payment of remuneration to him.
    OrdinaryPromoters have an interest in it
    99.94% for0.06% against

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

    Turnout: all 1.04% · promoters 0.00% · institutions 0.00% · other public 2.92%

  8. 7. To approve the payment of remuneration to Mr. Vijay Krishnaswamirao Atre (DIN: 00416853) as Non-Executive Director of the Company which may exceeds fifty per cent of the total annual remuneration payable to all Non-Executive Directors.MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 65.31% · promoters 100.00% · institutions 0.00% · other public 2.92%

  9. 8. To approve the aggregate annual remuneration payable to the Promoter-Executive Directors/Members of the Promoter Group exceeding 5% of the Net Profits of the Company calculated as per Section 198 of the Companies Act, 2013.MoreLess
    SpecialPromoters have an interest in it
    99.94% for0.06% against

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

    Turnout: all 1.04% · promoters 0.00% · institutions 0.00% · other public 2.92%

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

Annual general meeting, 23 Sep 2019, 12 resolutions

Present: 2 promoters and 32 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statement of the Company for the Financial Year ended March 31, 2019 including the Audited Balance Sheet as at March 31, 2019, the Statement of Profit and Loss and Cash Flow Statement of the Company for the year ended on that date and notes related thereto together with the Board’s Report and the Report of Auditors’ thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.12% · promoters 100.00% · institutions 0.00% · other public 2.50%

  2. To confirm the 1st Interim Dividend, 2nd Interim Dividend and 3rd Interim Dividend declared in the financial year 2018-19.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.12% · promoters 100.00% · institutions 0.00% · other public 2.50%

  3. To declare Final Dividend on Equity Shares for the financial year 2018-19
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.12% · promoters 100.00% · institutions 0.00% · other public 2.50%

  4. To appoint a Director in place of Mrs. Pravina Bipin Manek (DIN: 00416533), who retires by rotation pursuant to the provisions of Section 152 of the Companies Act, 2013 (‘the Act’) and who is not disqualified to become Director under the Act and being eligible, offers herself for re-appointmentMoreLess
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 65.12% · promoters 100.00% · institutions 0.00% · other public 2.50%

  5. To appoint Mr. Ashit Kantilal Doshi (DIN: 08486679) as a Non-Executive, Independent Director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.35%

    Turnout: all 65.12% · promoters 100.00% · institutions 0.00% · other public 2.50%

  6. To re-appoint Mr. Prafulchandra Anantlal Shah (DIN: 00417022) as an Independent Director for a second term of 5 (five) consecutive years
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.53%

    Turnout: all 65.12% · promoters 100.00% · institutions 0.00% · other public 2.50%

  7. To re-appoint Mr. Niren Dinkerrai Desai (DIN: 01978382) as an Independent Director for a second term of 5 (five) consecutive years
    Special
    100.00% for0.00% against

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

    Turnout: all 65.12% · promoters 100.00% · institutions 0.00% · other public 2.50%

  8. To re-appoint Mr. Rahul Chakradhar Berde (DIN: 06981981) as an Independent Director for a second term of 5 (five) consecutive years
    Special
    100.00% for0.00% against

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

    Turnout: all 65.12% · promoters 100.00% · institutions 0.00% · other public 2.50%

  9. To approve the payment of remuneration to Mr. Vijay Krishnaswamirao Atre (DIN: 00416853) as Non-Executive Director of the Company which may exceeds fifty per cent of the total annual remuneration payable to all Non- Executive DirectorsMoreLess
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.53%

    Turnout: all 65.12% · promoters 100.00% · institutions 0.00% · other public 2.50%

  10. To consider revision in terms of remuneration of Mr. Bipin Madhavji Manek (DIN: 00416441), Managing Director
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.53%

    Turnout: all 65.12% · promoters 100.00% · institutions 0.00% · other public 2.50%

  11. To consider revision in terms of remuneration of Mr. Mihir Bipin Manek (DIN: 00650613), Joint Managing Director of the Company
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.53%

    Turnout: all 65.12% · promoters 100.00% · institutions 0.00% · other public 2.50%

  12. To approve the aggregate annual remuneration payable to the Promoter-Executive Directors/Members of the Promoter Group exceeding 5% of the Net Profits of the Company calculated as per Section 198 of the Companies Act, 2013MoreLess
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.53%

    Turnout: all 65.12% · promoters 100.00% · institutions 0.00% · other public 2.50%

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

How mutual funds voted

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

Mutual fund votes, meeting of 25 Sep 2025, 1 fund house

  • To receive, consider and adopt the Standalone Audited Financial Statement of the Company for the financial year ended March 31, 2025, including the Audited Balance Sheet as at March 31, 2025, the Change in Equity, Statement of Profit and Loss and Cash Flow Statement of the Company for the year ended on that date and notes related thereto together with the Reports of the Board and Auditors’ thereon.MoreLess
    1 for0 against
  • To receive, consider and adopt the Consolidated Audited Financial Statement of the Company for the financial year ended March 31, 2025 including the Audited Balance Sheet as at March 31, 2025, the Change in Equity, Statement of Profit and Loss and Cash Flow Statement of the Company for the year ended on that date and notes related thereto together with the Report of Auditors’ thereon.MoreLess
    1 for0 against
  • To confirm payment of the 1st Interim Dividend, 2nd Interim Dividend and 3rd Interim Dividend on Equity Shares declared for the financial year 2024-25.
    1 for0 against
  • To declare Final Dividend on Equity Shares for the financial year 2024-25.
    1 for0 against
  • To appoint a Director in place of Mrs. Vidhi Harsh Parekh (DIN: 07584061), who retires by rotation and who is not disqualified to become Director under the Act and being eligible, offers herself for re-appointment.MoreLess
    1 for0 against
  • To re-appoint Mr. Mihir Bipin Manek (DIN: 00650613) as Joint Managing Director of the Company and payment of remuneration to him.
    1 for0 against
  • To re-appoint Mrs. Vidhi Harsh Parekh (DIN: 07584061) as a Whole-Time Director of the Company and payment of remuneration to her.
    1 for0 against
  • To appoint Secretarial Auditor.
    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.