Welspun Corp CEO, MD, chairman, board of directors and AGM
NSE: WELCORPBSE: 532144Industrial ProductsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹2,444.20.
- Under NSE's long-term additional surveillance, stage I, on the list for 23 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- 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.
- ₹63,012 Cr289th 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 24 Jul 2026
- 27.3
- 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 21 May 2026
- 6.9
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.21%
- 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 24 Jul 2026
- 27.8%
- 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 24 Jul 2026
- 17.4%
- 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 21 May 2026
- 0.23
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 18,09,28436.2% delivered
Welspun Corp 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
- ChairpersonBalkrishan Gopiram GoenkaRelated to the promoter
- Managing director and CEOVipul Mathur
- Company Secretary and Compliance OfficerMr. Kamal Rathi
10 directors5 independent1 executive4 non-executive
- Balkrishan Gopiram Goenka · ChairpersonNon-executive · joined Apr 1995 · reappointed Aug 2020 · 4 listed boards
- Rajesh MandawewalaNon-executive · joined Apr 1995 · reappointed Jul 2025 · 4 listed boards · 1 committee seat
- Vipul Mathur · Managing director and CEOExecutive · joined Dec 2017 · reappointed Dec 2022 · 2 listed boards · 1 committee seat
- Ravindra PandeyIndependent · joined Oct 2024 · reappointed Oct 2024 · 23 months as independent · 3 listed boards · 3 as independent · 7 committee seats, 1 as chair
- Manish Balkishan ChokhaniIndependent · joined Feb 2023 · reappointed Feb 2023 · 43 months as independent · 4 listed boards · 3 as independent · 3 committee seats, 1 as chair
- Anjani Kumar AgrawalIndependent · joined Apr 2023 · reappointed Apr 2023 · 41 months as independent · 5 listed boards · 5 as independent · 6 committee seats, 3 as chair
- Dipali Hemant ShethIndependent · joined Aug 2023 · reappointed Aug 2023 · 37 months as independent · 5 listed boards · 5 as independent · 7 committee seats
- Aneesh MisraNon-executive · joined Aug 2023 · 1 listed board
- Chandra Shekhar VermaIndependent · joined Dec 2024 · reappointed Dec 2024 · 21 months as independent · 5 listed boards · 5 as independent · 5 committee seats, 4 as chair
- Raghupal SinghNon-executive · joined Dec 2024 · 1 listed board
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.
1 director who left
- Amita Misra, left 21 Oct 2024: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 24 Jul 20269 of 10 present5 independent · 63 days in between
- 21 May 202610 of 10 present5 independent
Audit Committee
Chair Anjani Kumar Agrawal
Ravindra Pandey, Chandra Shekhar Verma
- 6 Aug 20263 of 3 present3 independent · 12 days in between
- 24 Jul 20263 of 3 present3 independent · 1 day in between
- 22 Jul 20263 of 3 present3 independent · 12 days in between
- 9 Jul 20263 of 3 present3 independent · 48 days in between
3 earlier meetings
- 21 May 20263 of 3 present3 independent · 5 days in between
- 15 May 20263 of 3 present3 independent · 35 days in between
- 9 Apr 20263 of 3 present3 independent
Nomination and remuneration committee
Chair Dipali Hemant Sheth
Anjani Kumar Agrawal, Ravindra Pandey
- 21 Jul 20263 of 3 present3 independent · 63 days in between
- 18 May 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair Manish Balkishan Chokhani
Vipul Mathur, Ravindra Pandey
- 13 Jul 20263 of 3 present2 independent · 88 days in between
- 15 Apr 20263 of 3 present2 independent
Risk Management Committee
Chair Anjani Kumar Agrawal
Vipul Mathur, Ravindra Pandey, Percy Birdy
- 10 Jul 20263 of 3 present2 independent · 70 days in between
- 30 Apr 20263 of 3 present2 independent
Corporate Social Responsibility Committee
Chair Dipali Hemant Sheth
Vipul Mathur, Anjani Kumar Agrawal
- 21 Jul 20263 of 3 present2 independent · 81 days in between
- 30 Apr 20262 of 3 present2 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.
- 0Peer-review certificate valid to Jul 2028
1 earlier auditor
- BSR & 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.
Welspun Corp 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.Welspun Corp dividend history
Annual general meeting, 17 Jul 2026
1,44,849 shareholders on the register on 10 Jul 2026; present: 7 promoters and 48 others; votes counted by Jigar Shah / JMJA & Associates LLP.The company's voting result (opens in a new tab)
- 1 - Adoption of the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Reports of the Board of Directors’ and the Auditors’ thereon.Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.07% · other public 0.03%
Turnout: all 77.34% · promoters 100.00% · institutions 86.72% · other public 4.40%
- 2 - Adoption of the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Report of the Auditors’ thereon.Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.07% · other public 0.03%
Turnout: all 77.34% · promoters 100.00% · institutions 86.72% · other public 4.39%
- 3 - Declaration of Dividend on Equity Shares.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 77.42% · promoters 100.00% · institutions 86.98% · other public 4.39%
- 4 - Retirement by rotation of Mr. Aneesh Misra (DIN: 10221598).OrdinaryPromoters have an interest in it77.55% for22.45% against
Against: promoters 0.00% · institutions 64.65% · other public 4.68%
Turnout: all 77.39% · promoters 100.00% · institutions 86.88% · other public 4.39%
- 5 - Ratification of the remuneration of Cost Auditor for the FY 2026-27.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 77.39% · promoters 100.00% · institutions 86.88% · other public 4.39%
- 6 - Payment of remuneration by way of Commission to Mr. Balkrishan Goenka, (DIN: 00270175), Non-Executive Chairman of the Company.SpecialPromoters have an interest in it85.74% for14.26% against
Against: promoters 0.00% · institutions 41.01% · other public 4.71%
Turnout: all 77.39% · promoters 100.00% · institutions 86.88% · other public 4.39%
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, 31 Jul 2025, 8 resolutions
1,29,723 shareholders on the register on 24 Jul 2025; present: 6 promoters and 50 others; votes counted by Mansi Damania / M/s. JMJA & Associates LLP.The company's voting result (opens in a new tab)
- Adoption of the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025 and the Reports of the Board of Directors’ and the Auditors’ thereon.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.04% · other public 0.00%
Turnout: all 74.31% · promoters 100.00% · institutions 83.84% · other public 2.75%
- Adoption of the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025, and the Report of the Auditors’ thereon.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.04% · other public 0.00%
Turnout: all 74.31% · promoters 100.00% · institutions 83.84% · other public 2.75%
- Declaration of dividend on equity sharesOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 74.36% · promoters 100.00% · institutions 84.02% · other public 2.75%
- Retirement by rotation of Mr. Rajesh R. Mandawewala (DIN: 00007179).OrdinaryPromoters have an interest in it90.03% for9.97% against
Against: promoters 0.00% · institutions 30.99% · other public 0.04%
Turnout: all 74.36% · promoters 100.00% · institutions 84.01% · other public 2.75%
- Ratification of the remuneration of Cost Auditor for the Financial Year 2025-26.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 74.36% · promoters 100.00% · institutions 84.01% · other public 2.75%
- Appointment of Secretarial Auditors for a Period of 5 (Five) consecutive years.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 74.36% · promoters 100.00% · institutions 84.01% · other public 2.75%
- Payment of remuneration by way of Commission to Mr. Balkrishan Goenka, (DIN:00270175), Non-Executive Chairman of the Company.SpecialPromoters have an interest in it87.68% for12.32% against
Against: promoters 0.00% · institutions 38.12% · other public 6.75%
Turnout: all 74.36% · promoters 100.00% · institutions 84.01% · other public 2.75%
- Revision in the remuneration to the Managing Director and CEO.Special99.22% for0.78% against
Against: promoters 0.00% · institutions 2.42% · other public 0.07%
Turnout: all 74.36% · promoters 100.00% · institutions 84.01% · other public 2.75%
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, 14 Jan 2025, 3 resolutions
1,15,580 shareholders on the register on 6 Dec 2024; votes counted by CS Mansi Damania / M/s. JMJA & Associates LLP.The company's voting result (opens in a new tab)
- Appointment of Mr. Ravindra Pandey (DIN:07188637) as an Independent Director of the companyOrdinary96.93% for3.07% against
Against: promoters 0.00% · institutions 10.10% · other public 0.01%
Turnout: all 79.96% · promoters 100.00% · institutions 88.87% · other public 25.00%
- Appointment of Mr. Raghupal Singh (DIN: 09583239) as a Non-Excecutive Non- Independent Director of the CompanyOrdinary97.40% for2.60% against
Against: promoters 0.00% · institutions 8.56% · other public 0.02%
Turnout: all 79.96% · promoters 100.00% · institutions 88.87% · other public 25.00%
- Appointment of Mr. Chandra Shekhar Verma (DIN:00121756) as an Independent Director of the companySpecial99.25% for0.75% against
Against: promoters 0.00% · institutions 2.46% · other public 0.01%
Turnout: all 79.96% · promoters 100.00% · institutions 88.87% · other public 25.00%
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, 26 Sep 2024, 13 resolutions
Present: 7 promoters and 79 others.The company's voting result (opens in a new tab)
- Approval of the audited standalone financial statements for the Financial Year Ended March 31, 2024 and the reports of the board of directors and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 77.47% · promoters 100.00% · institutions 80.18% · other public 30.66%
- Approval of the audited consolidated financial statements for the Financial Year Ended March 31, 2024 and the Auditor's thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 77.47% · promoters 100.00% · institutions 80.18% · other public 30.66%
- Declaration of dividend on Preference Shares from April 1, 2023 to September 18, 2023.i.e. date of redemption @6% (Pro-rata basis)Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 77.52% · promoters 100.00% · institutions 80.37% · other public 30.66%
- Declaration of dividend of INR 5 per share (i.e.100%) on Equity Shares for the financial year 2023-24Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 77.52% · promoters 100.00% · institutions 80.37% · other public 30.66%
- Appointment of Mr. Vipul Mathur (DIN:n07990476), who retires by rotation, and being eligible, offers himself for reappointment.Ordinary99.72% for0.28% against
Against: promoters 0.00% · institutions 1.10% · other public 0.01%
Turnout: all 77.52% · promoters 100.00% · institutions 80.37% · other public 30.66%
- Appointment of M/s B S R & Co. LLP, Chartered Accountants, as Statutory Auditors and fixing their remunerationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 77.52% · promoters 100.00% · institutions 80.37% · other public 30.66%
- Payment of Remuneration by way of commission to Mr. Balkrishan Goenka, (DIN: 00270175), Non-Executive Chairman of the CompanySpecialPromoters have an interest in it89.48% for10.52% against
Against: promoters 0.00% · institutions 49.40% · other public 0.07%
Turnout: all 73.45% · promoters 100.00% · institutions 63.76% · other public 30.66%
- Ratification of payment of remuneration to the cost auditors of the Comapany for the year 2024-2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 77.52% · promoters 100.00% · institutions 80.37% · other public 30.66%
- Approval for issue of securities through private placement of securities up to INR 500 crores.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 77.52% · promoters 100.00% · institutions 80.37% · other public 30.66%
- Alteration of Articles of Association of the Company by addition of clause 143A as a new clause after the existing clause 143.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 77.52% · promoters 100.00% · institutions 80.37% · other public 30.66%
- Approval for material Related Party Transactions of the Company and its wholly-owned subsidiaries for a value not exceeding Rs.1710 croreSpecialPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 27.51% · promoters 0.00% · institutions 80.37% · other public 30.66%
- To approve payment of remuneration to Non-Executive Directors/Independent Directors up to INR 3 Crores per annum.Special99.70% for0.30% against
Against: promoters 0.00% · institutions 1.13% · other public 0.09%
Turnout: all 77.52% · promoters 100.00% · institutions 80.37% · other public 30.66%
- Revision in the remuneration to the Managing Director & CEO of the Company w.e.f. July 1, 2024Special94.76% for5.24% against
Against: promoters 0.00% · institutions 20.58% · other public 0.07%
Turnout: all 77.52% · promoters 100.00% · institutions 80.37% · other public 30.66%
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 Sep 2023, 12 resolutions
Present: 7 promoters and 61 others.The company's voting result (opens in a new tab)
- Approval of the audited standalone financial statements for the FYE March 31, 2023Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 74.91% · promoters 100.00% · institutions 65.02% · other public 34.12%
- Approval of the audited consolidated financial statements for the FYE March 31, 2023.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 74.91% · promoters 100.00% · institutions 65.02% · other public 34.12%
- Declaration of dividend on Preference Shares for the financial year 2022-23Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 74.97% · promoters 100.00% · institutions 65.27% · other public 34.12%
- Declaration of dividend on Equity Shares for the financial year 2022-23Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 74.97% · promoters 100.00% · institutions 65.27% · other public 34.12%
- Appointment of Mr. Rajesh Mandawewala, as non-executive, non-independent director, liable to retire by rotationOrdinaryPromoters have an interest in it99.76% for0.24% against
Against: promoters 0.00% · institutions 1.09% · other public 0.01%
Turnout: all 74.97% · promoters 100.00% · institutions 65.27% · other public 34.12%
- Remuneration to the statutory auditors for the Financial Year 2022-23 & 2023-24Ordinary99.87% for0.13% against
Against: promoters 0.00% · institutions 0.58% · other public 0.00%
Turnout: all 74.97% · promoters 100.00% · institutions 65.27% · other public 34.12%
- Ratification of payment of remuneration to the Cost Auditors for the FY 2023-2024Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 74.97% · promoters 100.00% · institutions 65.27% · other public 34.12%
- Approval for private placement of securities up to Rs. 500 CroreSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 72.44% · promoters 94.94% · institutions 65.27% · other public 34.12%
- Appointment of Mr. Aneesh Misra as a non-executive, non-independent director, liable to retire by rotation.OrdinaryPromoters have an interest in it93.55% for6.45% against
Against: promoters 0.00% · institutions 29.07% · other public 0.01%
Turnout: all 74.97% · promoters 100.00% · institutions 65.27% · other public 34.12%
- Appointment of Ms. Dipali Sheth as an Independent DirectorSpecial99.79% for0.21% against
Against: promoters 0.00% · institutions 0.92% · other public 0.01%
Turnout: all 74.97% · promoters 100.00% · institutions 65.27% · other public 34.12%
- Revision in the remuneration of Managing Director & CEOSpecial96.03% for3.97% against
Against: promoters 0.00% · institutions 17.81% · other public 0.14%
Turnout: all 74.97% · promoters 100.00% · institutions 65.27% · other public 34.11%
- Approval for material related party transactionsOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 25.01% · promoters 0.00% · institutions 65.27% · other public 34.11%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 23 Apr 2023, 2 resolutions
The company's voting result (opens in a new tab)
- APPROVAL FOR APPOINTMENT OF MR. MANISH CHOKHANI AS A NONEXECUTIVE, INDEPENDENT DIRECTORSpecial99.77% for0.23% against
Against: promoters 0.00% · institutions 0.92% · other public 9.39%
Turnout: all 66.87% · promoters 100.00% · institutions 73.15% · other public 0.05%
- APPROVAL FOR APPOINTMENT OF MR. ANJANI K. AGRAWAL AS A NONEXECUTIVE, INDEPENDENT DIRECTORSpecial99.77% for0.23% against
Against: promoters 0.00% · institutions 0.92% · other public 9.42%
Turnout: all 66.87% · promoters 100.00% · institutions 73.15% · other public 0.05%
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.
Annual general meeting, 29 Jul 2022, 14 resolutions
Present: 6 promoters and 32 others.The company's voting result (opens in a new tab)
- To receive, consider and adopt the audited standalone financial statements for the financial year ended March 31, 2022 and the reports of the Board of Directors and the Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 76.16% · promoters 100.00% · institutions 89.21% · other public 28.05%
- To receive, consider and adopt the audited consolidated financial statements for the financial year ended March 31, 2022 and the reports of the Board of Directors and the Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 76.16% · promoters 100.00% · institutions 89.21% · other public 28.05%
- To declare a dividend on Preference Shares for the financial year 2021-22Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.13%
Turnout: all 76.26% · promoters 100.00% · institutions 89.72% · other public 28.05%
- To declare a dividend on Equity Shares for the financial year 2021-22Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 76.26% · promoters 100.00% · institutions 89.72% · other public 28.05%
- Appointment of Mr. Balkrishan Goenka (DIN:00270175) as a Non-Executive, Non-Independent DirectorOrdinaryPromoters have an interest in it88.88% for11.12% against
Against: promoters 0.00% · institutions 47.62% · other public 0.13%
Turnout: all 76.26% · promoters 100.00% · institutions 89.72% · other public 28.04%
- Appointment of Mr. Todarwal as an Independent DirectorSpecial95.80% for4.20% against
Against: promoters 0.00% · institutions 17.98% · other public 0.00%
Turnout: all 76.26% · promoters 100.00% · institutions 89.72% · other public 28.05%
- Approval of Welspun Corp Employee Benefit Scheme-2022Special86.09% for13.91% against
Against: promoters 0.00% · institutions 83.70% · other public 0.00%
Turnout: all 70.13% · promoters 100.00% · institutions 58.78% · other public 28.05%
- Approval of Grant under Welspun Corp Employee Benefit Scheme-2022 to the employees of Group Company(ies) including Subsidiary Company(ies) or its Associate Company(ies), in India or outside IndiaSpecial86.09% for13.91% against
Against: promoters 0.00% · institutions 83.70% · other public 0.00%
Turnout: all 70.13% · promoters 100.00% · institutions 58.78% · other public 28.05%
- Approval to Welspun Corp Employee Welfare Trust for the acquisition of Equity Shares by way of secondary acquisition under Welspun Corp Employee Benefit Scheme – 2022Special86.31% for13.69% against
Against: promoters 0.00% · institutions 82.37% · other public 0.00%
Turnout: all 70.13% · promoters 100.00% · institutions 58.78% · other public 28.05%
- APPROVAL FOR PROVISION OF MONEY BY THE COMPANY FOR PURCHASE OF ITS OWN SHARES BY THE TRUST / TRUSTEES FOR THE BENEFIT OF EMPLOYEES UNDER WELSPUN CORP EMPLOYEE BENEFIT SCHEME – 2022Special86.09% for13.91% against
Against: promoters 0.00% · institutions 83.70% · other public 0.01%
Turnout: all 70.13% · promoters 100.00% · institutions 58.78% · other public 28.05%
- Approval for the modification to the Welspun Employee Stock Option Plan – 2005Special89.10% for10.90% against
Against: promoters 0.00% · institutions 46.55% · other public 0.32%
Turnout: all 76.26% · promoters 100.00% · institutions 89.72% · other public 28.05%
- Approval for re-appointment of, and remuneration to the Managing Director & CEO.Special93.92% for6.08% against
Against: promoters 0.00% · institutions 26.04% · other public 0.01%
Turnout: all 76.26% · promoters 100.00% · institutions 89.72% · other public 28.04%
- Ratification of payment of remuneration to the Cost AuditorsOrdinary99.97% for0.03% against
Against: promoters 0.00% · institutions 0.12% · other public 0.01%
Turnout: all 76.26% · promoters 100.00% · institutions 89.72% · other public 28.04%
- Approval for private placement of securities up to Rs. 500 CroresSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.13%
Turnout: all 76.26% · promoters 100.00% · institutions 89.72% · other public 28.04%
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, 23 Nov 2021, 3 resolutions
Present: 3 promoters and 35 others.The company's voting result (opens in a new tab)
- AMENDMENT TO THE OBJECT CLAUSE IN THE MEMORANDUM OF ASSOCIAITONSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 70.01% · promoters 100.00% · institutions 85.02% · other public 23.56%
Approval for increase in the limits under Section 186 applicable for making investments / extending loans and giving guarantees or providing securities in connection with loans to persons / bodies corporateMoreLess
Special91.31% for8.69% againstAgainst: promoters 0.00% · institutions 53.52% · other public 0.01%
Turnout: all 70.01% · promoters 100.00% · institutions 85.02% · other public 23.56%
- REVISION IN THE REMUNERATION TO THE MANAGING DIRECTOR & CEOSpecial91.89% for8.11% against
Against: promoters 0.00% · institutions 49.96% · other public 0.01%
Turnout: all 70.01% · promoters 100.00% · institutions 85.02% · other public 23.56%
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 17 Jul 2026, 14 fund houses so far (houses' deadline to file 15 Oct 2026)
- 1 - Adoption of the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Reports of the Board of Directors’ and the Auditors’ thereon.14 for0 against
- 2 - Adoption of the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Report of the Auditors’ thereon.14 for0 against
- 3 - Declaration of Dividend on Equity Shares.14 for0 against
- 4 - Retirement by rotation of Mr. Aneesh Misra (DIN: 10221598).
Against Angel One Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Helios Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, SBI Mutual Fund
- Angel One Mutual FundGovernance Concern: Low attendance at Board meetings during FY 2025-26 as well as during last 3 FYs and no justification has been provided for such leave of absence.
- DSP Mutual Fund, Jio BlackRock Mutual Fund, SBI Mutual FundAneesh Misra, 32, has been serving on the board as a non-executive director since 4 August 2023. At the time of appointment, he was Managing Director and CEO of Sedibeng Iron Ore Pty Ltd and Kgatelopele Lime Pty Ltd, mining assets of IMR Group. He is the son-in-law of promoters – Balkrishan Goenka and Ms. Dipali Goenka. He retires by rotation. However, he has attended only 12 of the 21 (57.1%) meetings held since his appointment in the last three financial years. We also note that his year-over-year attendance has been on a downward trend. We expect directors to attend at least 75% of meetings held over a three-year period. While his reappointment is in line with the statutory requirements, we are unable to support the resolution.
- Edelweiss Mutual Fund, Navi Mutual Fund, PGIM India Mutual FundCompliant with law. No concern on the merit of the proposed Director. Governance Concern: Low attendance at Board meetings during FY 2025-26 as well as during last 3 FYs and no justification has been provided for such leave of absence.
- Helios Mutual FundMr. Aneesh has attended only 3 Board meetings out of the 8 board meetings held in FY26. Such low participation is concerning, as regular attendance is essential for effective oversight, decision-making, and corporate governance.
6 for8 against - 5 - Ratification of the remuneration of Cost Auditor for the FY 2026-27.14 for0 against
- 6 - Payment of remuneration by way of Commission to Mr. Balkrishan Goenka, (DIN: 00270175), Non-Executive Chairman of the Company.
Against Angel One Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Jio BlackRock Mutual Fund, Mahindra Manulife Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund
- Angel One Mutual FundGovernance concern: Remuneration is skewed in favor of Mr. Goenka, Promoter Non-Executive Director Chairperson, without adequate justification.
- DSP Mutual Fund, Jio BlackRock Mutual Fund, Mahindra Manulife Mutual FundThe company proposes to pay Balkrishan Goenka, Promoter and Non-Executive Chairperson, commission aggregating Rs. 213.4 mn, which exceeds 50% of remuneration payable to all Non-Executive Directors in FY26. We acknowledge that Balkrishan Goenka plays an important role in driving long-term business strategy and performance as promoter. Notwithstanding, his proposed commission of Rs. 213.4 mn is high in absolute terms when compared to peers and is not commensurate with the company’s size and performance. The company must clarify how the NRC has benchmarked his pay with industry peers. Given the high quantum, we do not support the resolution.
- Edelweiss Mutual Fund, Navi Mutual Fund, PGIM India Mutual FundComplaint with law. Governance concern: Remuneration is skewed in favor of Mr. Goenka, Promoter NED Chairperson, without adequate justification.
7 for7 against
Mutual fund votes, meeting of 31 Jul 2025, 22 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Adoption of the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025 and the Reports of the Board of Directors’ and the Auditors’ thereon.22 for0 against
- Adoption of the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025, and the Report of the Auditors’ thereon.22 for0 against
- Declaration of dividend on equity shares22 for0 against
- Retirement by rotation of Mr. Rajesh R. Mandawewala (DIN: 00007179).22 for0 against
- Ratification of the remuneration of Cost Auditor for the Financial Year 2025-26.22 for0 against
- Appointment of Secretarial Auditors for a Period of 5 (Five) consecutive years.22 for0 against
- Payment of remuneration by way of Commission to Mr. Balkrishan Goenka, (DIN:00270175), Non-Executive Chairman of the Company.
Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, UTI Mutual Fund
- Angel One Mutual FundGovernance concern: Remuneration is skewed in favor of Mr. Goenka, Promoter Director.
- Axis Mutual Fund, UTI Mutual FundThe company proposes to pay Balkrishan Goenka, Promoter and Non-Executive Chairperson, commission aggregating Rs. 141.9 mn, which exceeds 50% of remuneration payable to all Non-Executive Directors in FY25. We acknowledge that Balkrishan Goenka plays an important role in driving long-term business strategy and performance as promoter. Notwithstanding, his proposed commission of Rs. 141.9 mn is high in absolute terms when compared to peers and is not commensurate with the company’s size. The company must clarify how the NRC has benchmarked his pay with industry peers. Given the high quantum, we do not support the resolution.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundComplaint with law. Governance concern: Remuneration is skewed in favor of Mr. Goenka, Promoter Director.
- Mirae Asset Mutual FundQuantum of remuneration is high
- Nippon India Mutual FundGovernance concern: Remuneration is skewed in favor of Promoter Director.
12 for10 against - Revision in the remuneration to the Managing Director and CEO.21 for0 against
1 proposal not matched to one resolution
Revision in remuneration of Mr. Vipul Mathur (DIN 07990476), Managing Director and Chief Executive Officer of the Company to provide an annual increment upto 10% per annum on the last drawn remuneration (including variable pay) effective from July 1, 2025.MoreLess
1 for0 against
6 earlier meetings
Mutual fund votes, meeting of 14 Jan 2025, 15 fund houses
- Appointment of Mr. Ravindra Pandey (DIN:07188637) as an Independent Director of the company15 for0 against
- Appointment of Mr. Raghupal Singh (DIN: 09583239) as a Non-Excecutive Non- Independent Director of the Company15 for0 against
- Appointment of Mr. Chandra Shekhar Verma (DIN:00121756) as an Independent Director of the company
Against Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundAppointment compliant with law. Governance concerns: Appointee holds a directorship position in an entity that is engaged in Iron & Steel Products.
12 for3 against
Mutual fund votes, meeting of 26 Sep 2024, 14 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Approval of the audited standalone financial statements for the Financial Year Ended March 31, 2024 and the reports of the board of directors and Auditors thereon.14 for0 against
- Approval of the audited consolidated financial statements for the Financial Year Ended March 31, 2024 and the Auditor's thereon14 for0 against
- Declaration of dividend on Preference Shares from April 1, 2023 to September 18, 2023.i.e. date of redemption @6% (Pro-rata basis)14 for0 against
- Declaration of dividend of INR 5 per share (i.e.100%) on Equity Shares for the financial year 2023-2414 for0 against
- Appointment of Mr. Vipul Mathur (DIN:n07990476), who retires by rotation, and being eligible, offers himself for reappointment.14 for0 against
- Appointment of M/s B S R & Co. LLP, Chartered Accountants, as Statutory Auditors and fixing their remuneration14 for0 against
- Payment of Remuneration by way of commission to Mr. Balkrishan Goenka, (DIN: 00270175), Non-Executive Chairman of the Company
Against Axis Mutual Fund, Bandhan Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Mirae Asset Mutual Fund, Nippon India Mutual Fund
- Axis Mutual Fund, DSP Mutual FundBalkrishan Goenka, 58, is promoter and Non-Executive Chairperson of the company. He has been associated with the company since 26 April 1995 and has over 38 years of experience. The company seeks approval to pay him commission at 1% of net profits for FY24. The commission payout shall be Rs. 125.0 mn, which is high in absolute terms and not commensurate with the size of the company. Further, it is 1.6x the fixed remuneration of Rs. 71.8 mn paid to Vipul Mathur, Managing Director and CEO in FY24. We do not support remuneration to non-executive directors that are higher than or comparable to those of executive directors, since we believe such structures may lead to disruptions in the chain of command at an organization. We do not support the resolution.
- Bandhan Mutual Fund, Groww Mutual Fund, Nippon India Mutual FundComplaint with law. Governance concern: Remuneration is skewed in favor of Mr. Goenka, Promoter Director.
- Edelweiss Mutual FundRemuneration is skewed in favor of Mr. Goenka, Promoter Director.
- HDFC Mutual FundThe proposed remuneration is high considering the size and complexity of the business
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
6 for8 against - Ratification of payment of remuneration to the cost auditors of the Comapany for the year 2024-202510 for0 against
- Approval for issue of securities through private placement of securities up to INR 500 crores.14 for0 against
- Alteration of Articles of Association of the Company by addition of clause 143A as a new clause after the existing clause 143.14 for0 against
- Approval for material Related Party Transactions of the Company and its wholly-owned subsidiaries for a value not exceeding Rs.1710 crore14 for0 against
- To approve payment of remuneration to Non-Executive Directors/Independent Directors up to INR 3 Crores per annum.
Against HDFC Mutual Fund, Mirae Asset Mutual Fund
- HDFC Mutual FundThe proposed commission approval sought is high
- Mirae Asset Mutual Fundexpect disclosing a cap on maximum level of individual compensation.
12 for2 against - Revision in the remuneration to the Managing Director & CEO of the Company w.e.f. July 1, 2024
Against Axis Mutual Fund, DSP Mutual Fund, Mirae Asset Mutual Fund
- Axis Mutual Fund, DSP Mutual FundVipul Mathur, 54, has been on the board since December 2017. In FY23, he received Rs. 208.5 mn including fair value of 1.1 mn stock options granted in the year. In FY24, he received Rs. 251.1 mn including fair value of 0.5 mn stock options granted in the year. Based on the trajectory of grants, we have assumed he will be granted 812,500 stock options in FY25. Accordingly, we estimate his FY25 remuneration at Rs. 574.0 mn, which is high for the size of the company and not in line with peers. The key performance parameters for the variable component of remuneration payable to him will be EBITDA, ROCE, ESG, Digital and Talent Management. However, it is unclear whether the same performance metrics are applicable for grant of stock options to him. Further, the rationale for an increase in fixed pay, twice within two years of his reappointment, is unclear. We do not support the revision in his remuneration.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
11 for3 against
2 proposals not matched to one resolution
- 8) Ratify remuneration of Rs. 850,000 payable to Kiran J. Mehta & Co as cost auditor for FY25.1 for0 against
- Ratify remuneration of Rs. 850,000 payable to Kiran J. Mehta & Co as cost auditor for FY253 for0 against
Mutual fund votes, meeting of 22 Sep 2023, 7 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Approval of the audited standalone financial statements for the FYE March 31, 20235 for0 against
- Approval of the audited consolidated financial statements for the FYE March 31, 2023.6 for0 against
- Declaration of dividend on Preference Shares for the financial year 2022-236 for0 against
- Declaration of dividend on Equity Shares for the financial year 2022-236 for0 against
- Appointment of Mr. Rajesh Mandawewala, as non-executive, non-independent director, liable to retire by rotation7 for0 against
- Remuneration to the statutory auditors for the Financial Year 2022-23 & 2023-245 for0 against
- Ratification of payment of remuneration to the Cost Auditors for the FY 2023-20245 for0 against
- Approval for private placement of securities up to Rs. 500 Crore7 for0 against
- Appointment of Mr. Aneesh Misra as a non-executive, non-independent director, liable to retire by rotation.
Against Nippon India Mutual Fund
- Nippon India Mutual FundProfile of the candidate
6 for1 against - Appointment of Ms. Dipali Sheth as an Independent Director7 for0 against
- Revision in the remuneration of Managing Director & CEO
Against Nippon India Mutual Fund
- Nippon India Mutual FundInsufficient information
5 for1 against - Approval for material related party transactions5 for0 against
12 proposals not matched to one resolution
12) Approve related party transactions of Welspun Corp Limited, its wholly owned subsidiaries - Welspun Metallics Limited, Welspun DI Pipes Limited and Anjar TMT Steel Private Limited with IMR Metallurgical Resources AG (IMR) and/or India Coke and Power Private Limited and its wholly owned subsidiaries till the conclusion of the 2024 AGM upto Rs. 17.1 bn.MoreLess
1 for0 against- 6) Approve payment of remuneration to Price Waterhouse Chartered Accountants LLP, statutory auditors aggregating to Rs. 19.85 mn for FY23 and fix remuneration payable for FY24 at Rs. 17.85 mn.1 for0 against
- 7) Ratify remuneration of Rs. 750,000 payable to Kiran J. Mehta & Co as cost auditor for FY24.1 for0 against
- Adoption of consolidated financial statements for the year ended 31 March 20231 for0 against
- Adoption of standalone financial statements for the year ended 31 March 20231 for0 against
- Approve payment of remuneration to Price Waterhouse Chartered Accountants LLP, statutory auditors aggregating to Rs. 19.85 mn for FY23 and fix remuneration payable for FY24 at Rs. 17.85 mn1 for0 against
Approve related party transactions of Welspun Corp Limited, its wholly owned subsidiaries - Welspun Metallics Limited, Welspun DI Pipes Limited and Anjar TMT Steel Private Limited with IMR Metallurgical Resources AG (IMR) and/or India Coke and Power Private Limited and its wholly owned subsidiaries till the conclusion of the 2024 AGM upto Rs. 17.1 bnMoreLess
1 for0 againstApprove revision in remuneration as minimum remuneration of Vipul Mathur (DIN: 07990476) as Managing Director & Chief Executive Officer from 1 July 2023 till the remainder of his tenure ending on 30 November 2027MoreLess
1 for0 against- Declare dividend on 6% cumulative redeemable preference shares of face value Rs. 10 each1 for0 against
- Declare final dividend of Rs. 5.0 per equity share (face value Rs. 5.0) for FY231 for0 against
- Ratify remuneration of Rs. 750,000 payable to Kiran J. Mehta & Co as cost auditor for FY241 for0 against
- To receive, consider and adopt the audited standalone financial statements for the financial year ended March 31, 2023 and the reports of the Board of Directors and the Auditors thereon.1 for0 against
Mutual fund votes, meeting of 23 Apr 2023, 8 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- APPROVAL FOR APPOINTMENT OF MR. MANISH CHOKHANI AS A NONEXECUTIVE, INDEPENDENT DIRECTOR7 for0 against
- APPROVAL FOR APPOINTMENT OF MR. ANJANI K. AGRAWAL AS A NONEXECUTIVE, INDEPENDENT DIRECTOR7 for0 against
2 proposals not matched to one resolution
- Item 1, as a fund house numbered it1 for0 against
- Item 2, as a fund house numbered it1 for0 against
Mutual fund votes, meeting of 29 Jul 2022, 4 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 for the financial year ended March 31, 2022 and the reports of the Board of Directors and the Auditors thereon4 for0 against
- To receive, consider and adopt the audited consolidated financial statements for the financial year ended March 31, 2022 and the reports of the Board of Directors and the Auditors thereon4 for0 against
- To declare a dividend on Preference Shares for the financial year 2021-224 for0 against
- To declare a dividend on Equity Shares for the financial year 2021-224 for0 against
- Appointment of Mr. Balkrishan Goenka (DIN:00270175) as a Non-Executive, Non-Independent Director
Against Nippon India Mutual Fund
- Nippon India Mutual FundCompany should obtain approval every year for remuneration
3 for1 against - Appointment of Mr. Todarwal as an Independent Director
Against ICICI Prudential Mutual Fund, Nippon India Mutual Fund
- ICICI Prudential Mutual FundThe AMC has voted against the resolution as Mr. Arun Todarwal was on the board of Welspun India Limited, a group company from August 2007 till July 2022. Post his resignation from Welspun India Limited’s board, he is being appointed onto Welspun Corporation's board. Given his long association (which exceeds ten years) with the group and lack of a cooling period the AMC considers his classification as non-independent.
- Nippon India Mutual FundProlonged Association with the Group
2 for2 against - Approval of Welspun Corp Employee Benefit Scheme-20221 for0 against
- Approval of Grant under Welspun Corp Employee Benefit Scheme-2022 to the employees of Group Company(ies) including Subsidiary Company(ies) or its Associate Company(ies), in India or outside India
Against Nippon India Mutual Fund
- Nippon India Mutual FundInadequate disclosure
2 for1 against - Approval to Welspun Corp Employee Welfare Trust for the acquisition of Equity Shares by way of secondary acquisition under Welspun Corp Employee Benefit Scheme – 2022
Against Nippon India Mutual Fund
- Nippon India Mutual FundInadequate disclosure
3 for1 against - APPROVAL FOR PROVISION OF MONEY BY THE COMPANY FOR PURCHASE OF ITS OWN SHARES BY THE TRUST / TRUSTEES FOR THE BENEFIT OF EMPLOYEES UNDER WELSPUN CORP EMPLOYEE BENEFIT SCHEME – 2022
Against Nippon India Mutual Fund
- Nippon India Mutual FundInadequate disclosure
2 for1 against - Approval for the modification to the Welspun Employee Stock Option Plan – 2005
Against Nippon India Mutual Fund
- Nippon India Mutual FundStock options are granted at a significant discount
3 for1 against - Approval for re-appointment of, and remuneration to the Managing Director & CEO.4 for0 against
- Ratification of payment of remuneration to the Cost Auditors
Against Nippon India Mutual Fund
- Nippon India Mutual FundLow audit fees
3 for1 against - Approval for private placement of securities up to Rs. 500 Crores4 for0 against
4 proposals not matched to one resolution
- Approve extension of Welspun Corp Employee Benefit Scheme -2022 to employees of group companies, including subsidiary and associated companies1 for0 against
- Approve provision of money to Welspun Corp Employee Welfare Trust/ Trustees for subscription of shares under Welspun Corp Employee Benefit Scheme 20221 for0 against
- Approve Welspun Corp Employee Benefit Scheme -20221 for0 against
To create, grant, offer, issue and allot under the Scheme, in one or more tranches, not exceeding 5 (Five) percent of the Paid-Up Equity Share for the benefit of Employees and Directors of the Company in India or outside India exercisable into not more than 1,30,00,000 (One Crore Thirty Lakh ) equivalent Equity Shares of face value of Rs. 5/- (Rupees Five) each (or such other adjusted figure for any bonus, stock splits or consolidations or other reorganization of the capital structure of the Company.MoreLess
Against Nippon India Mutual Fund
- Nippon India Mutual FundInadequate disclosure
1 for1 against
Mutual fund votes, meeting of 23 Nov 2021, 3 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- AMENDMENT TO THE OBJECT CLAUSE IN THE MEMORANDUM OF ASSOCIAITON2 for0 against
Approval for increase in the limits under Section 186 applicable for making investments / extending loans and giving guarantees or providing securities in connection with loans to persons / bodies corporateMoreLess
1 for0 against- REVISION IN THE REMUNERATION TO THE MANAGING DIRECTOR & CEO2 for0 against
4 proposals not matched to one resolution
- Approve alteration in the Objects Clause of the Memorandum of Association (MoA) and align it to the Companies Act 20131 for0 against
- Approve increase in intercorporate transaction limit to Rs.50.0 bn from Rs. 33.0 bn under Section 186 of Companies Act, 20131 for0 against
- To approve revision in remuneration of Mr. Vipul Mathur-Managing Director & Chief Executive Officer of the Company (holding DIN 07990476) w.e.f. July 1, 2021.1 for0 against
To authorize the Board of Directors to (i) give loan to any person or other body corporate; (ii) give guarantee or provide any security in connection with a loan to any other body corporate or person and (iii) acquire by way of subscription, purchase or otherwise, the securities of any other body corporate/entity, as they may in their absolute discretion deem beneficial and in the interest of the Company, subject however that the aggregate of the loans and investments so far made in and the amount for which guarantees or securities have so far been provided to all persons or bodies corporate along with the additional investments, loans, guarantees or securities proposed to be made or given or provided by the Company, from time to time, in future, shall not exceed a sum of Rs. 5,000 CroresMoreLess
1 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Stakes in unlisted companies
Reported in the filing for the quarter to Sep 2026.
- Unlisted stake boughtWelspun Captive Power Generation LimitedSince 31 Jul 2026
51.00% bought in the quarter; holding 74.00%, from 23.00%
- Unlisted stake boughtWelspun SlagExcel Private LimitedSince 31 Aug 2026
26.00% bought in the quarter; holding 26.00%, from 0.00%
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
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.