Voltas logo

Voltas MD, chairman, board of directors and AGM

NSE: VOLTASBSE: 500575Consumer DurablesMid Cap

Last close ₹950.00down ₹39.10 (3.95%)BSE ₹950.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹989.10.

52-week range of traded prices to 23 Oct 2026
₹939.20Low, 23 Oct 2026₹1,582.50High, 27 Feb 2026
Market cap
₹31,434 Cr204th largest listed
P/E
70.0
P/B
4.9
Dividend yield
0.42%
ROE
7.0%
ROCE
8.8%
Debt to equity
0.15
Volume, NSE
5,68,76838.3% delivered

Voltas 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

  • ChairpersonNoel Naval Tata
  • Managing directorMukundan Menon C P
  • Company Secretary and Compliance OfficerRatnesh Rukhariyar

10 directors5 independent1 executive4 non-executive

  • Noel Naval Tata · ChairpersonNon-executive · joined Jan 2003 · reappointed Jul 2025 · 5 listed boards · 1 committee seat, 1 as chair
  • Mukundan Menon C P · Managing directorExecutive · joined Jul 2023 · reappointed Jun 2026 · 1 listed board · 1 committee seat
  • Vinayak Kashinath DeshpandeNon-executive · joined Feb 2012 · reappointed Jun 2026 · 3 listed boards · 2 as independent · 7 committee seats, 3 as chair
  • Saurabh AgrawalNon-executive · joined Jan 2021 · reappointed Jul 2025 · 4 listed boards · 2 committee seats
  • Sunil Alaric DsouzaNon-executive · joined May 2026 · reappointed Jun 2026 · 2 listed boards · 1 committee seat
  • Arun Kumar AdhikariIndependent · joined Jun 2017 · reappointed Jun 2022 · 108 months as independent · 5 listed boards · 5 as independent · 8 committee seats, 1 as chair
  • Jayesh Tulsidas MerchantIndependent · joined Jan 2024 · reappointed Jan 2024 · 29 months as independent · 4 listed boards · 4 as independent · 5 committee seats, 4 as chair
  • Aditya SehgalIndependent · joined Aug 2024 · reappointed Aug 2024 · 22 months as independent · 2 listed boards · 2 as independent · 2 committee seats
  • Pheroz N PudumjeeIndependent · joined Aug 2024 · reappointed Aug 2024 · 22 months as independent · 2 listed boards · 1 as independent · 3 committee seats, 1 as chair
  • Sonia SinghIndependent · joined Mar 2025 · reappointed Mar 2025 · 15 months as independent · 5 listed boards · 5 as independent · 5 committee seats, 2 as chair

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

2 directors who left
  • Pradeep Kumar Bakshi, left 1 Sep 2025: Tenure Completion
  • Anjali Bansal, left 9 Mar 2025: Tenure Completion

Committees and meetings

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

  • Board

    • 14 May 202610 of 10 present5 independent · 37 days in between
    • 6 Apr 20269 of 9 present5 independent · 66 days in between
    • 29 Jan 20268 of 9 present5 independent

  • Audit Committee

    Chair Jayesh Tulsidas Merchant

    Arun Kumar Adhikari, Aditya Sehgal

    • 13 May 20263 of 3 present3 independent · 61 days in between
    • 12 Mar 20263 of 3 present3 independent · 42 days in between
    • 28 Jan 20263 of 3 present3 independent · 15 days in between
    • 12 Jan 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair Pheroz N Pudumjee

    Noel Naval Tata, Sonia Singh

    • 14 May 20263 of 3 present2 independent · 37 days in between
    • 6 Apr 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Noel Naval Tata

    Pheroz N Pudumjee, Mukundan Menon C P

    • 29 Jan 20263 of 3 present1 independent

  • Risk Management Committee

    Chair Jayesh Tulsidas Merchant

    Arun Kumar Adhikari, Aditya Sehgal

    • 12 Jan 20263 of 3 present3 independent

  • Corporate Social Responsibility Committee

    Chair Noel Naval Tata

    Sonia Singh, Mukundan Menon C P

    • 14 May 20263 of 3 present1 independent · 104 days in between
    • 29 Jan 20263 of 3 present1 independent · 16 days in between

  • Investment Committee

    Chair Mukundan Menon C P

    Pheroz N Pudumjee, Kadangode Venkateswaran Sridhar

    No meeting listed in the filing.

  • Property Committee

    Chair Noel Naval Tata

    Vinayak Kashinath Deshpande, Mukundan Menon C P, Kadangode Venkateswaran Sridhar

    No meeting listed in the filing.

  • Capex Committee

    Chair Noel Naval Tata

    Vinayak Kashinath Deshpande

    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 Mar 2026.

  • SRBC & Co. LLPPeer-review certificate valid to Feb 2029
1 earlier auditor
  • S R B C & CO LLPNamed in the filing for the quarter to Mar 2025

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.

Voltas 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.Voltas dividend history

Annual general meeting, 30 Jun 2026

2,76,849 shareholders on the register on 23 Jun 2026; present: 4 promoters and 70 others; votes counted by N L Bhatia / Bhaskar Upadhyay.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31 March, 2026 together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.10% · other public 0.40%

    Turnout: all 79.41% · promoters 100.00% · institutions 87.86% · other public 0.17%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31 March, 2026 together with the Report of the Auditors thereon.
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.09% · other public 0.40%

    Turnout: all 79.41% · promoters 100.00% · institutions 87.86% · other public 0.17%

  3. To declare a dividend of Rs. 4/- per Equity Share of Re. 1/- each for the financial year ended 31 March, 2026.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.44% · promoters 100.00% · institutions 87.90% · other public 0.17%

  4. To appoint a Director in place of Mr. Mukundan Menon C. P. (DIN: 09177076), who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    98.76% for1.24% against

    Against: promoters 0.00% · institutions 2.00% · other public 2.33%

    Turnout: all 79.43% · promoters 100.00% · institutions 87.88% · other public 0.17%

  5. To appoint a Director in place of Mr. Vinayak Deshpande (DIN: 00036827), who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    89.17% for10.83% against

    Against: promoters 0.00% · institutions 17.52% · other public 1.76%

    Turnout: all 79.38% · promoters 100.00% · institutions 87.79% · other public 0.17%

  6. Appointment of Mr. Sunil Alaric D’Souza (DIN: 07194259) as a Non-Independent Non-Executive Director of the Company
    Ordinary
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.37% · other public 1.37%

    Turnout: all 79.43% · promoters 100.00% · institutions 87.88% · other public 0.17%

  7. Ratification of remuneration of Sagar and Associates, the Cost Accountants, appointed as the Cost Auditor to conduct the audit of the cost records of the Company for the financial year ending 31st March, 2027.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.43% · promoters 100.00% · institutions 87.88% · other public 0.17%

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 Jul 2025, 9 resolutions

3,27,620 shareholders on the register on 1 Jul 2025; present: 3 promoters and 70 others; votes counted by Mr. Bhaskar Upadhyay / M/s. N. L. Bhatia & Associates.The company's voting result (opens in a new tab)

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

    Against: promoters 0.00% · institutions 0.00% · other public 0.24%

    Turnout: all 77.91% · promoters 100.00% · institutions 87.27% · other public 0.21%

  2. 2 - To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31 March, 2025 together with the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.91% · promoters 100.00% · institutions 87.27% · other public 0.21%

  3. 3 - To declare a dividend of Rs. 7.00 per Equity Share of Re. 1 each for the financial year ended 31 March, 2025.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.19% · promoters 100.00% · institutions 89.62% · other public 0.21%

  4. 4 - To appoint a Director in place of Mr. Noel Tata (DIN: 00024713), who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    96.57% for3.43% against

    Against: promoters 0.00% · institutions 5.56% · other public 0.74%

    Turnout: all 79.19% · promoters 100.00% · institutions 89.62% · other public 0.21%

  5. 5 - To appoint a Director in place of Mr. Saurabh Agrawal (DIN: 02144558), who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    99.24% for0.76% against

    Against: promoters 0.00% · institutions 1.22% · other public 1.14%

    Turnout: all 79.19% · promoters 100.00% · institutions 89.62% · other public 0.21%

  6. 6 - Payment of Long-Term Incentive to Mr. Pradeep Kumar Bakshi (DIN: 02940277), Managing Director and Chief Executive Officer of the Company under Long-Term Incentive Scheme 2024 of the Company.
    Ordinary
    99.23% for0.77% against

    Against: promoters 0.00% · institutions 1.23% · other public 15.16%

    Turnout: all 79.19% · promoters 100.00% · institutions 89.62% · other public 0.21%

  7. 7 - Appointment of Mr. Mukundan C. P. Menon (DIN: 09177076), as the Managing Director of the Company.
    Ordinary
    98.80% for1.20% against

    Against: promoters 0.00% · institutions 1.94% · other public 0.53%

    Turnout: all 79.19% · promoters 100.00% · institutions 89.62% · other public 0.21%

  8. 8 - Appointment of M/s. N L Bhatia and Associates, Company Secretaries, as Secretarial Auditor of the Company, for a term of five years commencing from 01 April, 2025 up to 31 March, 2030.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.19% · promoters 100.00% · institutions 89.62% · other public 0.21%

  9. 9 - Ratification of remuneration of M/s. Sagar and Associates, the Cost Accountants, to conduct the cost audit of the Company for the financial year ending 31 March, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.85%

    Turnout: all 79.18% · promoters 100.00% · institutions 89.60% · other public 0.21%

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, 23 May 2025, 1 resolution

3,13,315 shareholders on the register on 18 Apr 2025; votes counted by Mr. Bhaskar Upadhyay / M/s. N L Bhatia & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Ms. Sonia Singh DIN 07108778 as an Independent Director of the Company.
    Special
    99.30% for0.70% against

    Against: promoters 0.00% · institutions 1.13% · other public 2.68%

    Turnout: all 79.46% · promoters 100.00% · institutions 89.79% · other public 0.37%

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, 21 Nov 2024, 2 resolutions

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

  1. Appointment of Mr. Aditya Sehgal (DIN: 09693332) as an Independent Director of the Company.
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.09% · other public 0.46%

    Turnout: all 79.01% · promoters 100.00% · institutions 87.80% · other public 0.50%

  2. Appointment of Mr. Pheroz Naswanjee Pudumjee (DIN: 00019602) as an Independent Director of the Company.
    Special
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.15% · other public 0.57%

    Turnout: all 79.01% · promoters 100.00% · institutions 87.80% · other public 0.49%

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, 10 Jul 2024, 7 resolutions

Present: 4 promoters and 89 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Stand -alone Financial Statements for the financial year ended 31st March, 2024 together with Reports of the Board of Directors and the Auditors thereon.
    Ordinary
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.15% · other public 0.86%

    Turnout: all 78.32% · promoters 100.00% · institutions 87.12% · other public 0.24%

  2. Adoption of Audited Consolidated Financial Statements for the financial year ended 31st March, 2024 together with Report of the Auditors thereon.
    Ordinary
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.15% · other public 0.87%

    Turnout: all 78.32% · promoters 100.00% · institutions 87.12% · other public 0.24%

  3. Declaration of 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 0.87%

    Turnout: all 79.69% · promoters 100.00% · institutions 89.61% · other public 0.24%

  4. Appointment of Mr. Pradeep Kumar Bakshi (DIN:02940277), who retires by rotation and is eligible for reappointment.
    Ordinary
    99.66% for0.34% against

    Against: promoters 0.00% · institutions 0.55% · other public 1.10%

    Turnout: all 79.69% · promoters 100.00% · institutions 89.61% · other public 0.24%

  5. Appointment of Mr. Vinayak Deshpande (DIN:00036827), who retires by rotation and is eligible for reappointment.
    Ordinary
    99.50% for0.50% against

    Against: promoters 0.00% · institutions 0.81% · other public 1.21%

    Turnout: all 79.69% · promoters 100.00% · institutions 89.61% · other public 0.24%

  6. Revision in terms of remuneration of Mr. Pradeep Kumar Bakshi, Managing Director & CEO of the Company.
    Ordinary
    90.14% for9.86% against

    Against: promoters 0.00% · institutions 15.92% · other public 2.57%

    Turnout: all 79.69% · promoters 100.00% · institutions 89.61% · other public 0.24%

  7. Ratification of Cost Auditor's Remuneration for the financial year ending 31st March, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.33%

    Turnout: all 79.69% · promoters 100.00% · institutions 89.61% · other public 0.24%

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, 15 Mar 2024, 1 resolution

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

  1. Appointment of Mr. Jayesh Tulsidas Merchant (DIN: 00555052) as an Independent Director of the Company for a term of five years with effect from 30th January, 2024.
    Special
    99.76% for0.24% against

    Against: promoters 0.00% · institutions 0.39% · other public 0.26%

    Turnout: all 79.13% · promoters 100.00% · institutions 88.34% · other public 2.55%

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, 21 Sep 2023, 1 resolution

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

  1. Appointment and remuneration of Mr. Mukundan C. P. Menon (DIN: 09177076) as an Executive Director of the Company with effect from 10th July, 2023.
    Ordinary
    89.34% for10.66% against

    Against: promoters 0.00% · institutions 17.45% · other public 0.81%

    Turnout: all 78.50% · promoters 100.00% · institutions 89.78% · other public 1.53%

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

Annual general meeting, 22 Jun 2023, 6 resolutions

Present: 2 promoters and 93 others.The company's voting result (opens in a new tab)

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

    Against: promoters 0.00% · institutions 0.00% · other public 0.30%

    Turnout: all 79.57% · promoters 100.00% · institutions 91.47% · other public 0.27%

  2. 2 - To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2023 together with the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.30%

    Turnout: all 79.57% · promoters 100.00% · institutions 91.47% · other public 0.27%

  3. 3 - To declare a dividend on Equity Shares for the financial year ended 31st March, 2023.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.42%

    Turnout: all 79.57% · promoters 100.00% · institutions 91.47% · other public 0.27%

  4. 4 - To appoint a Director in place of Mr. Noel Tata (DIN: 00024713), who retires by rotation and, being eligible, offers himself for re-appointment.
    Ordinary
    96.42% for3.58% against

    Against: promoters 0.00% · institutions 5.79% · other public 0.37%

    Turnout: all 79.57% · promoters 100.00% · institutions 91.47% · other public 0.27%

  5. 5 - To appoint a Director in place of Mr. Saurabh Agrawal (DIN: 02144558), who retires by rotation and, being eligible, offers himself for re-appointment.
    Ordinary
    79.94% for20.06% against

    Against: promoters 0.00% · institutions 32.42% · other public 0.85%

    Turnout: all 79.57% · promoters 100.00% · institutions 91.47% · other public 0.27%

  6. 6 - Ratification of Cost Auditor’s Remuneration for the financial year ended 31st March, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.77%

    Turnout: all 79.57% · promoters 100.00% · institutions 91.47% · other public 0.27%

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.

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 30 Jun 2026, 29 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 Standalone Financial Statements of the Company for the financial year ended 31 March, 2026 together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    29 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31 March, 2026 together with the Report of the Auditors thereon.
    29 for0 against
  • To declare a dividend of Rs. 4/- per Equity Share of Re. 1/- each for the financial year ended 31 March, 2026.
    28 for0 against
  • To appoint a Director in place of Mr. Mukundan Menon C. P. (DIN: 09177076), who retires by rotation and being eligible offers himself for re-appointment.
    29 for0 against
  • To appoint a Director in place of Mr. Vinayak Deshpande (DIN: 00036827), who retires by rotation and being eligible offers himself for re-appointment.
    Against HSBC Mutual Fund
    • HSBC Mutual FundA vote AGAINST the following nominee is warranted because:• Vinayak Deshpande has failed to attend at least 75 percent of board meetings in the most recent fiscal year, without a satisfactory explanation.
    27 for1 against
  • Appointment of Mr. Sunil Alaric D’Souza (DIN: 07194259) as a Non-Independent Non-Executive Director of the Company
    29 for0 against
  • Ratification of remuneration of Sagar and Associates, the Cost Accountants, appointed as the Cost Auditor to conduct the audit of the cost records of the Company for the financial year ending 31st March, 2027.MoreLess
    28 for0 against
3 proposals not matched to one resolution
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against
  • Item 7, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 8 Jul 2025, 29 fund houses

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

  • 1 - To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31 March, 2025 together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    29 for0 against
  • 2 - To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31 March, 2025 together with the Report of the Auditors thereon.
    29 for0 against
  • 3 - To declare a dividend of Rs. 7.00 per Equity Share of Re. 1 each for the financial year ended 31 March, 2025.
    28 for0 against
  • 4 - To appoint a Director in place of Mr. Noel Tata (DIN: 00024713), who retires by rotation and being eligible offers himself for re-appointment.
    29 for0 against
  • 5 - To appoint a Director in place of Mr. Saurabh Agrawal (DIN: 02144558), who retires by rotation and being eligible offers himself for re-appointment.
    28 for0 against
  • 6 - Payment of Long-Term Incentive to Mr. Pradeep Kumar Bakshi (DIN: 02940277), Managing Director and Chief Executive Officer of the Company under Long-Term Incentive Scheme 2024 of the Company.
    28 for0 against
  • 7 - Appointment of Mr. Mukundan C. P. Menon (DIN: 09177076), as the Managing Director of the Company.
    28 for0 against
  • 8 - Appointment of M/s. N L Bhatia and Associates, Company Secretaries, as Secretarial Auditor of the Company, for a term of five years commencing from 01 April, 2025 up to 31 March, 2030.
    29 for0 against
  • 9 - Ratification of remuneration of M/s. Sagar and Associates, the Cost Accountants, to conduct the cost audit of the Company for the financial year ending 31 March, 2026.
    28 for0 against
5 proposals not matched to one resolution
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against
  • Item 6, as a fund house numbered it
    1 for0 against
  • Item 7, as a fund house numbered it
    1 for0 against
  • Item 9, as a fund house numbered it
    1 for0 against
6 earlier meetings

Mutual fund votes, meeting of 23 May 2025, 32 fund houses

  • Appointment of Ms. Sonia Singh DIN 07108778 as an Independent Director of the Company.
    32 for0 against

Mutual fund votes, meeting of 21 Nov 2024, 33 fund houses

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

  • Appointment of Mr. Aditya Sehgal (DIN: 09693332) as an Independent Director of the Company.
    32 for0 against
  • Appointment of Mr. Pheroz Naswanjee Pudumjee (DIN: 00019602) as an Independent Director of the Company.
    32 for0 against
2 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 10 Jul 2024, 29 fund houses

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

  • Adoption of Audited Stand -alone Financial Statements for the financial year ended 31st March, 2024 together with Reports of the Board of Directors and the Auditors thereon.
    28 for0 against
  • Adoption of Audited Consolidated Financial Statements for the financial year ended 31st March, 2024 together with Report of the Auditors thereon.
    28 for0 against
  • Declaration of Dividend on Equity Shares for the financial year 2023-24.
    24 for0 against
  • Appointment of Mr. Pradeep Kumar Bakshi (DIN:02940277), who retires by rotation and is eligible for reappointment.
    28 for0 against
  • Appointment of Mr. Vinayak Deshpande (DIN:00036827), who retires by rotation and is eligible for reappointment.
    28 for0 against
  • Revision in terms of remuneration of Mr. Pradeep Kumar Bakshi, Managing Director & CEO of the Company.
    Against Franklin Templeton Mutual Fund, HSBC Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted as Pradeep Kumar Bakshi's proposed pay structure is open-endedand the board has significant discretion over the potential quantum of variable pay which the executive is entitled to receive.
    • HSBC Mutual FundA vote AGAINST this resolution is warranted as Pradeep Kumar Bakshi's proposed pay structure is open-ended and the board has significant discretion over the potential quantum of variable pay which the executive is entitled to receive.
    26 for2 against
  • Ratification of Cost Auditor's Remuneration for the financial year ending 31st March, 2025
    24 for0 against
11 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against
  • Item 6, as a fund house numbered it
    1 for0 against
  • Item 7, as a fund house numbered it
    1 for0 against
  • 3) To declare a final dividend of Rs. 5.5 per share on face value Re. 1.0 for FY24.
    1 for0 against
  • 7) Ratify remuneration of Rs. 0.70 mn to Sagar & Associates as cost auditors for FY25.
    1 for0 against
  • Ratify remuneration of Rs. 0.70 mn to Sagar & Associates as cost auditors for FY25
    3 for0 against
  • To declare a final dividend of Rs. 5.5 per share on face value Re. 1.0 for FY24
    3 for0 against

Mutual fund votes, meeting of 15 Mar 2024, 27 fund houses

  • Appointment of Mr. Jayesh Tulsidas Merchant (DIN: 00555052) as an Independent Director of the Company for a term of five years with effect from 30th January, 2024.
    27 for0 against

Mutual fund votes, meeting of 21 Sep 2023, 23 fund houses

  • Appointment and remuneration of Mr. Mukundan C. P. Menon (DIN: 09177076) as an Executive Director of the Company with effect from 10th July, 2023.
    Against HSBC Mutual Fund
    • HSBC Mutual FundThe proposed pay structure is open-ended and the board has significant discretion over the potential quantum of variable pay which the executive is entitled to receive.
    22 for1 against

Mutual fund votes, meeting of 22 Jun 2023, 22 fund houses

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

  • 1 - To receive, consider and adopt the Audited Stand-alone Financial Statements of the Company for the financial year ended 31st March, 2023 together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    21 for0 against
  • 2 - To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2023 together with the Report of the Auditors thereon.
    21 for0 against
  • 3 - To declare a dividend on Equity Shares for the financial year ended 31st March, 2023.
    19 for0 against
  • 4 - To appoint a Director in place of Mr. Noel Tata (DIN: 00024713), who retires by rotation and, being eligible, offers himself for re-appointment.
    22 for0 against
  • 5 - To appoint a Director in place of Mr. Saurabh Agrawal (DIN: 02144558), who retires by rotation and, being eligible, offers himself for re-appointment.
    Against HSBC Mutual Fund
    • HSBC Mutual FundWe have concerns about the director's attendance at board meetings.
    20 for1 against
  • 6 - Ratification of Cost Auditor’s Remuneration for the financial year ended 31st March, 2024.
    19 for0 against
7 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against
  • Item 6, as a fund house numbered it
    1 for0 against
  • Ratify remuneration of Rs. 0.70 mn to Sagar & Associates as cost auditors for FY24
    2 for0 against
  • To declare a final dividend of Rs. 4.25 per share on face value Re. 1.0 for FY23
    2 for0 against

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

Fines

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyOffice of the Assistant Commissioner (Mobile Squad)-2, Commercial Tax Department, Gorakhpur, Uttar PradeshSince 16 Jun 2026

    Office of the Assistant Commissioner (Mobile Squad)-2, Commercial Tax Department, Gorakhpur, Uttar Pradesh, by an order dated 16th June, 2026, imposed a penalty of ₹8,18,146 under the Uttar Pradesh Goods and Services Tax Act, 2017 read with the Central Goods and Services Tax Act, 2017, alleging transportation of goods without a valid e-way bill.

    Penalty of ₹8,18,146 under the Uttar Pradesh Goods and Services Tax Act, 2017 read with the Central Goods and Services Tax Act, 2017 alleging transportation of goods without a valid e-way bill.
  • Fine or penaltyOffice of the Deputy Commissioner (ST) Jurisdiction, Special Circle - V JA2, Vijayawada II, Andhra PradeshSince 23 Jun 2026

    Office of the Deputy Commissioner (ST) Jurisdiction, Special Circle - V JA2, Vijayawada II, Andhra Pradesh has by an order dated 23rd June, 2026 raised a demand of tax, interest and penalty aggregating to Rs. 9,92,337 [Tax: Rs.6,65,741; Interest: Rs.2,60,022 and Penalty Rs. 66,574] under the Andhra Pradesh Goods and Services Tax Act, 2017 read with the Central Goods and Services Tax Act, 2017 and the Integrated Goods and Services Tax Act, 2017, alleging excess Input Tax Credit claimed for the financial year 2023-2024.

    Demand of tax, interest and penalty aggregating to Rs. 9,92,337 [Tax: Rs.6,65,741; Interest: Rs.2,60,022 and Penalty Rs. 66,574] under the Andhra Pradesh Goods and Services Tax Act, 2017 read with the Central Goods and Services Tax Act, 2017 and the Integrated Goods and Services Tax Act, 2017, alleging excess Input Tax Credit claimed for the financial year 2023-2024.MoreLess
  • Fine or penaltyOffice of the Deputy Commissioner (ST) Jurisdiction, Special Circle - V JA2, Vijayawada II, Andhra PradeshSince 23 Jun 2026

    Office of the Deputy Commissioner (ST) Jurisdiction, Special Circle - V JA2, Vijayawada II, Andhra Pradesh has by an order dated 23rd June, 2026 raised a demand of tax, interest and penalty aggregating to Rs. 22,24,186 [Tax: Rs.13,30,996; Interest: Rs.7,60,090 and Penalty Rs.1,33,100] under the Andhra Pradesh Goods and Services Tax Act, 2017 read with the Central Goods and Services Tax Act, 2017 and the Integrated Goods and Services Tax Act, 2017, alleging excess Input Tax Credit claimed for the financial year 2022-2023.

    Demand of tax, interest and penalty aggregating to Rs. 22,24,186 [Tax: Rs.13,30,996; Interest: Rs.7,60,090 and Penalty Rs.1,33,100] under the Andhra Pradesh Goods and Services Tax Act, 2017 read with the Central Goods and Services Tax Act, 2017 and the Integrated Goods and Services Tax Act, 2017, alleging excess Input Tax Credit claimed for the financial year 2022-2023.MoreLess

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

Investor complaints and compliance

Quarter by quarter.

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

  • Received
  • Resolved

Open at the quarter's end

At most 7 complaints open, quarter to Mar 2026.
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
Yes
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.