Websol Energy System MD, chairman, board of directors and AGM
NSE: WEBELSOLARBSE: 517498Electrical EquipmentSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹61.17.
- Next results date: the board meets on 4 Nov 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹2,625 Cr894th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 10 Aug 2026
- 8.4
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 27 Apr 2026
- 4.2
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.41%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 10 Aug 2026
- 69.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 10 Aug 2026
- 50.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 27 Apr 2026
- 0.19
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 23,19,71151.6% delivered
Websol Energy System board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorSOHAN LAL AGARWALRelated to the promoter
- Company Secretary and Compliance OfficerAshok Purohit
7 directors4 independent2 executive1 non-executive
- SOHAN LAL AGARWAL · Chairperson and managing directorExecutive · joined Sep 1992 · 1 listed board · 2 committee seats
- VISHAL PATODIAIndependent · joined Apr 2022 · reappointed Apr 2022 · 53 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- SANJANA KHAITANExecutive · joined Nov 2022 · 1 listed board · 1 committee seat
- SHAILESH KUMAR MISHRAIndependent · joined Oct 2024 · reappointed Oct 2024 · 23 months as independent · 4 listed boards · 4 as independent · 4 committee seats, 2 as chair
- RUPANJANA DEIndependent · joined Jul 2025 · reappointed Jul 2025 · 14 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 1 as chair
- SANJAY KUMARNon-executive · joined Aug 2026 · 1 listed board
- DINESH AGARWALIndependent · joined Aug 2026 · reappointed Aug 2026 · 1 month as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
5 directors who left
- RAJEEWA RASHMIKANT ARYA, left 22 Sep 2026: Others
- SREERAM VASANTHI, left 1 Sep 2025: Others
- RITU S JAIN, left 8 Apr 2025: Others
- DEVEN KAUSHIK, left 10 Feb 2025: Tenure Completion
- KUSHAL AGARWAL, left 6 Feb 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 10 Aug 20267 of 8 present4 independent · 104 days in between
- 27 Apr 2026
Audit Committee
Chair DINESH AGARWAL
SOHAN LAL AGARWAL, SHAILESH KUMAR MISHRA, VISHAL PATODIA
- 10 Aug 20263 of 3 present2 independent · 104 days in between
- 27 Apr 20263 of 3 present2 independent
Nomination and remuneration committee
Chair VISHAL PATODIA
RUPANJANA DE, SANJAY KUMAR, DINESH AGARWAL
- 10 Aug 20262 of 3 present2 independent · 104 days in between
- 27 Apr 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair VISHAL PATODIA
SOHAN LAL AGARWAL, RUPANJANA DE, SANJANA KHAITAN
No meeting listed in the filing.
Risk Management Committee
Chair SANJANA KHAITAN
SHAILESH KUMAR MISHRA, SOHAN LAL AGARWAL, SANJAY KUMAR
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair SANJANA KHAITAN
SOHAN LAL AGARWAL, SANJAY KUMAR, RUPANJANA DE
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.
- G.P.AGARWAL & CO, CHARTERED ACCOUNTANTSPeer-review certificate valid to Dec 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.
Websol Energy System 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.Websol Energy System dividend history
Annual general meeting, 22 Sep 2026
1,72,129 shareholders on the register on 15 Sep 2026; present: 5 promoters and 90 others; votes counted by ABHIJIT MAJUMDAR / ABHIJIT MAJUMDAR.The company's voting result (opens in a new tab)
To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 34.14% · promoters 96.93% · institutions 79.58% · other public 2.83%
- To declare payment of Dividend of Rs. 0.25 (25%) per equity share of Re. 1/- each for the financial year ended 31st March 2026.Ordinary99.40% for0.60% against
Against: promoters 0.00% · institutions 0.00% · other public 11.09%
Turnout: all 34.13% · promoters 96.93% · institutions 79.58% · other public 2.81%
- To appoint a director in place of Ms. Sanjana Khaitan (DIN: 07232095), who retires by rotation and being eligible, offers herself for re-appointment.OrdinaryPromoters have an interest in it98.70% for1.30% against
Against: promoters 0.00% · institutions 11.07% · other public 3.13%
Turnout: all 34.14% · promoters 96.93% · institutions 79.58% · other public 2.83%
- Appointment of Mr. Sanjay Kumar (DIN: 11820120) as Non-Executive Non-Independent Director of the CompanyOrdinary99.83% for0.17% against
Against: promoters 0.00% · institutions 0.00% · other public 3.09%
Turnout: all 34.14% · promoters 96.93% · institutions 79.58% · other public 2.83%
- Appointment of Mr. Dinesh Agarwal (DIN: 02722380) as an Independent Director of the CompanySpecial99.86% for0.14% against
Against: promoters 0.00% · institutions 0.00% · other public 2.56%
Turnout: all 34.14% · promoters 96.93% · institutions 79.58% · other public 2.82%
- Revision in the terms of remuneration of Ms. Sanjana Khaitan, Executive Director of the companyOrdinaryPromoters have an interest in it90.33% for9.67% against
Against: promoters 0.00% · institutions 93.50% · other public 3.15%
Turnout: all 34.14% · promoters 96.93% · institutions 79.58% · other public 2.83%
- Payment of Commission to Non-Executive Directors (including Independent Directors) of the CompanyOrdinary89.77% for10.23% against
Against: promoters 0.00% · institutions 99.07% · other public 2.97%
Turnout: all 34.14% · promoters 96.93% · institutions 79.58% · other public 2.83%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 24 Jul 2026, 1 resolution
1,63,401 shareholders on the register on 12 Jun 2026; votes counted by ABHIJIT MAJUMDAR / ABHIJIT MAJUMDAR.The company's voting result (opens in a new tab)
- Re-appointment of Mr. Sohan Lal Agarwal (DIN: 00189898) as Managing Director of the Company for a term of three years with effect from April 1, 2026Special90.86% for9.14% against
Against: promoters 0.00% · institutions 95.59% · other public 0.12%
Turnout: all 37.09% · promoters 100.00% · institutions 88.42% · other public 5.77%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 22 Nov 2025, 1 resolution
1,27,318 shareholders on the register on 10 Oct 2025; votes counted by ABHIJIT MAJUMDAR / ABHIJIT MAJUMDAR.The company's voting result (opens in a new tab)
- Reappointment of Ms. Sanjana Khaitan as Wholetime Director (Executive) of the CompanyOrdinary96.18% for3.82% against
Against: promoters 0.00% · institutions 27.17% · other public 2.19%
Turnout: all 42.26% · promoters 99.88% · institutions 89.25% · other public 14.15%
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 2025, 8 resolutions
1,27,002 shareholders on the register on 22 Sep 2025; present: 1 promoter and 120 others; votes counted by ABHIJIT MAJUMDAR / ABHIJIT MAJUMDAR.The company's voting result (opens in a new tab)
- TO RECEIVE, CONSIDER AND ADOPT THE AUDITED FINANCIAL STATEMENTS OF THE COMPANY FOR FINANCIAL YEAR ENDED ON MARCH 31, 2025 TOGETHER WITH THE REPORTS OF THE BOARD OF DIRECTORS AND AUDITORS THEREONOrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.12%
Turnout: all 27.42% · promoters 66.84% · institutions 87.82% · other public 6.05%
- TO APPOINT A DIRECTOR IN PLACE OF MS. SANJANA KHAITAN (DIN: 07232095), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HERSELF FOR RE-APPOINTMENTOrdinaryNot passedPromoters have an interest in it46.49% for53.51% against
Against: promoters 0.00% · institutions 93.14% · other public 5.48%
Turnout: all 8.93% · promoters 0.00% · institutions 88.38% · other public 6.05%
- TO APPROVE THE SUB-DIVISION / SPILT OF EQUITY SHARES OF THE COMPANYOrdinary99.91% for0.09% against
Against: promoters 0.00% · institutions 0.00% · other public 0.59%
Turnout: all 27.44% · promoters 66.84% · institutions 88.38% · other public 6.03%
- TO ALTER THE CAPITAL CLAUSE OF MEMORANDUM OF ASSOCIATION OF THE COMPANYSpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.13%
Turnout: all 27.45% · promoters 66.84% · institutions 88.38% · other public 6.05%
- APPOINTMENT OF MRS. RUPANJANA DE (DIN: 01560140) AS A NON-EXECUTIVE INDEPENDENT DIRECTOR OF THE COMPANYSpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.12%
Turnout: all 27.45% · promoters 66.84% · institutions 88.38% · other public 6.05%
- APPOINTMENT OF SECRETARIAL AUDITOR FOR THE FIRST TERM OF FIVE CONSECUTIVE YEARSOrdinary99.04% for0.96% against
Against: promoters 0.00% · institutions 0.00% · other public 6.51%
Turnout: all 27.45% · promoters 66.84% · institutions 88.38% · other public 6.05%
- RE-APPOINTMENT OF MS. SANJANA KHAITAN AS WHOLETIME DIRECTOR (EXECUTIVE DIRECTOR) OF THE COMPANYOrdinaryNot passedPromoters have an interest in it45.45% for54.55% against
Against: promoters 0.00% · institutions 84.57% · other public 5.58%
Turnout: all 8.93% · promoters 0.00% · institutions 100.00% · other public 5.08%
- TO APPROVE THE REVISION OF REMUNERATION OF MR. SOHAN LAL AGARWAL, MANAGING DIRECTOR OF THE COMPANY, FOR REMAINING PERIOD OF HIS EXISTING TENURESpecialPromoters have an interest in it94.65% for5.35% against
Against: promoters 0.00% · institutions 5.27% · other public 5.45%
Turnout: all 8.93% · promoters 0.00% · institutions 88.38% · other public 6.05%
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, 16 Mar 2025, 5 resolutions
1,21,420 shareholders on the register on 7 Feb 2025; votes counted by ABHIJIT MAJUMDAR / ABHIJIT MAJUMDAR.The company's voting result (opens in a new tab)
- To appoint Mr. Shailesh Kumar Mishra as an Independent Director of the Company for the first term of 5 yearsSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 29.51% · promoters 99.88% · institutions 97.44% · other public 2.08%
- To alter and adopt new set of Memorandum of Association of the Company under Companies Act, 2013 and rules made thereunder.Special99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.10%
Turnout: all 33.77% · promoters 99.88% · institutions 97.44% · other public 8.01%
- To alter and adopt new set of Articles of Association of the Company under Companies Acts, 2013 and Rules made thereunder.Special99.30% for0.70% against
Against: promoters 0.00% · institutions 68.36% · other public 0.11%
Turnout: all 33.77% · promoters 99.88% · institutions 97.44% · other public 8.01%
- To approve to make investments, give loans, guarantees and security in excess of limit specified under Section 186 of the Companies Act, 2013 and rules made thereunderSpecial98.56% for1.44% against
Against: promoters 0.00% · institutions 91.86% · other public 3.11%
Turnout: all 33.77% · promoters 99.88% · institutions 97.44% · other public 8.01%
- To obtain approval to advance any loan/give guarantee/provide security to any related party under Section 185 of the Companies Act, 2013SpecialPromoters have an interest in it92.01% for7.99% against
Against: promoters 0.00% · institutions 91.86% · other public 3.12%
Turnout: all 6.10% · promoters 0.00% · institutions 97.44% · other public 8.01%
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 2024, 5 resolutions
Present: 1 promoter and 129 others.The company's voting result (opens in a new tab)
- ADOPTION OF AUDITED FINANCIAL RESULTSOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 32.68% · promoters 99.88% · institutions 4.40% · other public 6.93%
- APPOINTMENT OF DIRECTOR IN PLACE OF RETIRING DIRECTORSpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 5.00% · promoters 0.00% · institutions 4.40% · other public 6.93%
- TO APPROVE THE REVISION OF REMUNERATION OF MR. SOHAN LAL AGARWAL, MANAGING DIRECTOR OF THE COMPANY FOR THE REMAINING PERIOD OF HIS EXISTING TENURESpecialPromoters have an interest in it99.76% for0.24% against
Against: promoters 0.00% · institutions 100.00% · other public 0.01%
Turnout: all 5.00% · promoters 0.00% · institutions 4.40% · other public 6.93%
- APPOINTMENT OF MR. RAJEEWA R ARYA (DIN: 10620120) AS A NON EXECUTIVE NON INDEPENDENT DIRECTOR OF THE COMPANYOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 32.68% · promoters 99.88% · institutions 4.40% · other public 6.93%
- APPOINTMENT OF MS RITU S JAIN (DIN:00534451) AS A NON EXECUTIVE INDEPENDENT DIRECTORSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 32.68% · promoters 99.88% · institutions 4.40% · other public 6.93%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 11 May 2024, 1 resolution
Present: 1 promoter and 83 others.The company's voting result (opens in a new tab)
- TO CONSIDER THE ISSUE OF CONVERTIBLE WARRANTS ON PREFERETIAL BASIS TO THE PROMOTER/PROMOTER GROUPSpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 33.10% · promoters 99.88% · institutions 7.34% · other public 7.50%
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.
Annual general meeting, 21 Sep 2023, 6 resolutions
Present: 1 promoter and 100 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements of the Company including Balance Sheet as at March 31, 2023, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 31.89% · promoters 100.00% · institutions 0.00% · other public 7.41%
- To appoint a director in place of Mrs. Dipti Budhia (DIN:03076890), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers herself for re-election.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 31.89% · promoters 100.00% · institutions 0.00% · other public 7.41%
- Re-appointment of M/s. G. P. Agrawal & Co., Chartered Accountants as the Statutory Auditors of the Company for a period of five consecutive years.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 31.88% · promoters 100.00% · institutions 0.00% · other public 7.41%
- Appointment of Ms. Sanjana Khaitan (DIN: 07232095) as a Director of the Company.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 31.88% · promoters 100.00% · institutions 0.00% · other public 7.41%
- Appointment of Mr. Kushal Agarwal (DIN:10266809) as a Non-Executive Independent Director of the Company.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 31.88% · promoters 100.00% · institutions 0.00% · other public 7.41%
- To Offer, Issue and Allot Equity Shares of the Company on Preferential Basis.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 31.88% · promoters 100.00% · institutions 0.00% · other public 7.41%
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 22 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)
To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereonMoreLess
1 for0 against- To declare payment of Dividend of Rs. 0.25 (25%) per equity share of Re. 1/- each for the financial year ended 31st March 2026.1 for0 against
- To appoint a director in place of Ms. Sanjana Khaitan (DIN: 07232095), who retires by rotation and being eligible, offers herself for re-appointment.1 for0 against
- Appointment of Mr. Sanjay Kumar (DIN: 11820120) as Non-Executive Non-Independent Director of the Company1 for0 against
- Appointment of Mr. Dinesh Agarwal (DIN: 02722380) as an Independent Director of the Company1 for0 against
- Revision in the terms of remuneration of Ms. Sanjana Khaitan, Executive Director of the company1 for0 against
- Payment of Commission to Non-Executive Directors (including Independent Directors) of the Company
Against Angel One Mutual Fund
- Angel One Mutual FundGovernance & Transparency concern: Inadequate disclosures, the Company has not disclosed the amount of remuneration to be paid to the directors.
0 for1 against
Mutual fund votes, meeting of 24 Jul 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)
- Re-appointment of Mr. Sohan Lal Agarwal (DIN: 00189898) as Managing Director of the Company for a term of three years with effect from April 1, 2026
Against Angel One Mutual Fund
- Angel One Mutual FundRe-appointment from retrospective date is in technical non-compliance of the law.The Company has sought approval of shareholders beyond 3 months as required under the law.and Prior shareholder approval not obtained for continuation beyond 70 years. Further, the Company has not provided justification for his continuation on the board beyond 70 years.
0 for1 against
2 earlier meetings
Mutual fund votes, meeting of 22 Nov 2025, 5 fund houses
- Reappointment of Ms. Sanjana Khaitan as Wholetime Director (Executive) of the Company
Against Mirae Asset Mutual Fund
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
4 for1 against
Mutual fund votes, meeting of 29 Sep 2025, 6 fund houses
- TO RECEIVE, CONSIDER AND ADOPT THE AUDITED FINANCIAL STATEMENTS OF THE COMPANY FOR FINANCIAL YEAR ENDED ON MARCH 31, 2025 TOGETHER WITH THE REPORTS OF THE BOARD OF DIRECTORS AND AUDITORS THEREON6 for0 against
- TO APPOINT A DIRECTOR IN PLACE OF MS. SANJANA KHAITAN (DIN: 07232095), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HERSELF FOR RE-APPOINTMENT
Against Mirae Asset Mutual Fund
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
5 for1 against - TO APPROVE THE SUB-DIVISION / SPILT OF EQUITY SHARES OF THE COMPANY6 for0 against
- TO ALTER THE CAPITAL CLAUSE OF MEMORANDUM OF ASSOCIATION OF THE COMPANY6 for0 against
- APPOINTMENT OF MRS. RUPANJANA DE (DIN: 01560140) AS A NON-EXECUTIVE INDEPENDENT DIRECTOR OF THE COMPANY6 for0 against
- APPOINTMENT OF SECRETARIAL AUDITOR FOR THE FIRST TERM OF FIVE CONSECUTIVE YEARS
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundProposed fee payable to Secretarial Auditors not disclosed.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on merit of the proposed Secretarial Auditors. Non-Compliant with Regulation 36(5) of SEBI LODR: Proposed fee payable to Secretarial Auditors not disclosed.
2 for4 against - RE-APPOINTMENT OF MS. SANJANA KHAITAN AS WHOLETIME DIRECTOR (EXECUTIVE DIRECTOR) OF THE COMPANY
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance Concern: Proposed remuneration package appears excessive in nature.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concerns on the merits of the proposed appointee. Governance Concern: Proposed remuneration package appears excessive in nature.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
1 for5 against - TO APPROVE THE REVISION OF REMUNERATION OF MR. SOHAN LAL AGARWAL, MANAGING DIRECTOR OF THE COMPANY, FOR REMAINING PERIOD OF HIS EXISTING TENURE
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance concern: Holding combined position of Chairman and Managing Director which may lead to concentration of power in the hands of a single individual; No absolute cap placed on variable pay or total remuneration.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Holding combined position of Chairman and Managing Director which may lead to concentration of power in the hands of a single individual; No absolute cap placed on variable pay or total remuneration.
2 for4 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Tax disputes
Reported in the filing for the quarter to Sep 2026.
- Tax disputeThe State of West Bengal and Ors.Since 7 May 2025Rs. 3.51 Cr already paid under the Scheme of Settlement. Remaining payment is under process.
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
- 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
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesMar 2026 | 48.09 | Debt Repayment | 6.00 | 6.00 | No |
| Preferential IssuesMar 2026 | 48.09 | Expansion of Renewable Energy Project | 42.10 | 39.23 | No |
| Preferential IssuesMar 2026 | 48.09 | General Corporate Purpose | 16.03 | 16.03 | No |