West Coast Paper Mills logo

West Coast Paper Mills CEO, MD, chairman, board of directors and AGM

NSE: WSTCSTPAPRBSE: 500444Paper, Forest & Jute ProductsSmall Cap

Last close ₹797.45down ₹27.20 (3.30%)BSE ₹796.95

Share price at the NSE close on 23 Oct 2026. Previous close ₹824.65.

52-week range of traded prices to 23 Oct 2026
₹375.00Low, 9 Mar 2026₹978.05High, 14 Oct 2026
Market cap
₹5,267 Cr976th largest listed
P/E
22.7
P/B
1.5
Dividend yield
0.38%
ROE
6.5%
ROCE
5.7%
Debt to equity
0.07
Volume, NSE
3,37,86828.9% delivered

West Coast Paper Mills 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 director and CEOSHREE KUMAR BANGURRelated to the promoter
  • Company Secretary and Compliance OfficerBRAJMOHAN PRASAD

10 directors5 independent3 executive2 non-executive

  • SHREE KUMAR BANGUR · Chairperson and managing director and CEOExecutive · joined Feb 1988 · reappointed May 2026 · 2 listed boards · 1 committee seat
  • SAURABH BANGURNon-executive · joined Jun 2004 · 2 listed boards · 2 committee seats
  • VIRENDRAA BANGURExecutive · joined Nov 2019 · reappointed Jun 2026 · 4 listed boards
  • SHASHI BANGURNon-executive · joined May 1994 · 1 listed board
  • SHIV RATAN GOENKAIndependent · joined Jan 2021 · reappointed Jan 2024 · 68 months as independent · 1 listed board · 1 as independent
  • ASHOK KUMAR GARGIndependent · joined Feb 2022 · reappointed Feb 2025 · 55 months as independent · 2 listed boards · 2 as independent · 5 committee seats
  • VINOD BALMUKAND AGARWALAIndependent · joined May 2022 · reappointed May 2025 · 52 months as independent · 1 listed board · 1 as independent
  • SUDHA BHUSHANIndependent · joined May 2023 · reappointed May 2026 · 40 months as independent · 4 listed boards · 4 as independent
  • PRAKASH RAMSWAROOP KACHOLIAIndependent · joined Nov 2023 · reappointed Nov 2023 · 34 months as independent · 2 listed boards · 1 as independent · 3 committee seats
  • RAJENDRA JAINExecutive · joined Jul 2015 · reappointed Jul 2026 · 1 listed board · 2 committee seats

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

Committees and meetings

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

  • Board

    • 12 Aug 202610 of 10 present5 independent · 76 days in between
    • 27 May 202610 of 10 present5 independent

  • Audit Committee

    Chair SHIV RATAN GOENKA

    RAJENDRA JAIN, ASHOK KUMAR GARG, PRAKASH RAMSWAROOP KACHOLIA

    • 12 Aug 20264 of 4 present3 independent · 76 days in between
    • 27 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair VINOD BALMUKAND AGARWALA

    SHIV RATAN GOENKA, SAURABH BANGUR, PRAKASH RAMSWAROOP KACHOLIA

    • 27 May 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair SHASHI BANGUR

    SAURABH BANGUR, RAJENDRA JAIN, ASHOK KUMAR GARG

    No meeting listed in the filing.

  • Risk Management Committee

    Chair VIRENDRAA BANGUR

    RAJENDRA JAIN, SUDHA BHUSHAN

    • 12 Aug 20263 of 3 present1 independent · 76 days in between

  • Corporate Social Responsibility Committee

    Chair VIRENDRAA BANGUR

    SAURABH BANGUR, RAJENDRA JAIN, SUDHA BHUSHAN

    • 27 May 20263 of 4 present1 independent

  • FINANCE AND CORPORATE AFFAIRS COMMITTEE

    Chair SAURABH BANGUR

    SHREE KUMAR BANGUR, RAJENDRA JAIN, SHIV RATAN GOENKA

    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.

  • M/s Singhi & Co.Peer-review certificate valid to Aug 2028

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.

West Coast Paper Mills 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.West Coast Paper Mills dividend history

Annual general meeting, 17 Aug 2026

46,929 shareholders on the register on 10 Aug 2026; present: 14 promoters and 137 others; votes counted by Naman G Joshi / N G Joshi and Co.The company's voting result (opens in a new tab)

  1. To consider and adopt the Standalone Audited Financial Statements for the Financial Year ended on 31st March, 2026 including the Reports of the Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.68% · promoters 100.00% · institutions 92.22% · other public 0.27%

  2. To consider and adopt the Consolidated Audited Financial Statements for the Financial Year ended on 31st March, 2026 including the Reports of Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.68% · promoters 100.00% · institutions 92.22% · other public 0.27%

  3. To declare dividend on Equity Share for the Financial Year ended on 31st March 2026.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.74% · promoters 100.00% · institutions 92.58% · other public 0.27%

  4. To appoint a Director in place of Shri Saurabh Bangur (DIN: 00236894), who retires by rotation under the Articles of Association of the Company and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.61% for0.39% against

    Against: promoters 0.00% · institutions 1.83% · other public 0.24%

    Turnout: all 71.74% · promoters 100.00% · institutions 92.58% · other public 0.27%

  5. Appointment of Shri Umesh Kini (M.No.29159), Cost Accountant, as Cost Auditor of the Company and ratification of Remuneration for the Financial Year 2026-27.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.74% · promoters 100.00% · institutions 92.58% · other public 0.27%

  6. Re-appointment of Shri Prakash Kacholia (DIN:00002626) as Non-Executive Independent Director of the Company.
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.37% · other public 0.26%

    Turnout: all 71.74% · promoters 100.00% · institutions 92.58% · other public 0.27%

  7. Re-appointment of Shri Virendraa Bangur (DIN: 00237043) as Joint Managing Director of the Company.
    SpecialPromoters have an interest in it
    90.21% for9.79% against

    Against: promoters 0.00% · institutions 46.56% · other public 0.26%

    Turnout: all 71.74% · promoters 100.00% · institutions 92.58% · other public 0.27%

  8. Re-appointment of Shri Rajendra Jain (DIN: 07250797) as Executive Director of the Company.
    Special
    97.51% for2.49% against

    Against: promoters 0.00% · institutions 11.85% · other public 0.26%

    Turnout: all 71.74% · promoters 100.00% · institutions 92.58% · 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.

Postal ballot, 7 Apr 2026, 2 resolutions

48,941 shareholders on the register on 27 Feb 2026; votes counted by SHRI NAMAN G. JOSHI / N.G.JOSHI & CO..The company's voting result (opens in a new tab)

  1. Re-appointment of Smt. Sudha Bhushan (DIN:01749008) as Non – Executive Independent Director of the Company
    Special
    99.68% for0.32% against

    Against: promoters 0.00% · institutions 1.50% · other public 1.26%

    Turnout: all 71.59% · promoters 100.00% · institutions 93.14% · other public 0.24%

  2. Re-appointment of Shri S. K. Bangur (DIN: 00053237) as Chairman & Managing Director of the Company
    SpecialPromoters have an interest in it
    84.41% for15.59% against

    Against: promoters 0.00% · institutions 74.58% · other public 1.26%

    Turnout: all 71.59% · promoters 100.00% · institutions 93.14% · 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.

Annual general meeting, 28 Aug 2025, 6 resolutions

51,995 shareholders on the register on 21 Aug 2025; present: 15 promoters and 80 others; votes counted by Naman G Joshi / N G Joshi and Co.The company's voting result (opens in a new tab)

  1. To consider and adopt the Standalone Audited Financial Statements for the year ended 31st March, 2025 including the Reports of the Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.80%

    Turnout: all 71.42% · promoters 100.00% · institutions 92.05% · other public 0.33%

  2. To consider and adopt the Consolidated Audited Financial Statements for the year ended 31st March, 2025 including the Reports of the Auditors thereon
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.80%

    Turnout: all 71.42% · promoters 100.00% · institutions 92.05% · other public 0.33%

  3. To declare dividend on Equity Share for the financial year ended on 31st March 2025.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.48% · promoters 100.00% · institutions 92.42% · other public 0.33%

  4. To appoint a Director in place of Shri Rajendra Jain (DIN: 07250797), who retires by rotation under the Articles of Association of the Company and being eligible, offers himself for re- appointment.
    Ordinary
    96.84% for3.16% against

    Against: promoters 0.00% · institutions 15.24% · other public 0.80%

    Turnout: all 71.48% · promoters 100.00% · institutions 92.42% · other public 0.33%

  5. Appointment of Shri Umesh Kini (M.No.29159), Cost Accountant, as Cost Auditor of the Company and ratification of remuneration for financial year 2025-26
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.80%

    Turnout: all 71.48% · promoters 100.00% · institutions 92.42% · other public 0.33%

  6. Appointment of M/s N G J & Co., Company Secretaries, Bangalore (Firm Unique Code no. P2015KR043200) as the Secretarial Auditor of the Company and fix their remuneration.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.84%

    Turnout: all 71.48% · promoters 100.00% · institutions 92.42% · other public 0.33%

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

Postal ballot, 2 Apr 2025, 1 resolution

56,129 shareholders on the register on 21 Feb 2025; votes counted by SHRI NAMAN G. JOSHI / N.G.JOSHI & CO..The company's voting result (opens in a new tab)

  1. Re-appointment of Shri Vinod Balmukand Agarwala (DIN:01725158), as an Independent Director of the Company.
    Special
    99.43% for0.57% against

    Against: promoters 0.00% · institutions 3.00% · other public 0.97%

    Turnout: all 69.82% · promoters 100.00% · institutions 89.67% · other public 0.61%

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, 11 Jan 2025, 1 resolution

56,728 shareholders on the register on 27 Nov 2024; votes counted by SHRI NAMAN G. JOSHI / N.G.JOSHI & CO..The company's voting result (opens in a new tab)

  1. 1. Re-appointment of Shri Ashok Kumar Garg (DIN:07633091), as an Independent Director of the Company.
    Special
    99.54% for0.46% against

    Against: promoters 0.00% · institutions 2.36% · other public 10.35%

    Turnout: all 69.98% · promoters 100.00% · institutions 92.00% · other public 0.12%

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, 14 Aug 2024, 7 resolutions

Present: 13 promoters and 85 others.The company's voting result (opens in a new tab)

  1. 1 - To consider and adopt the Standalone Audited Financial Statements for the year ended 31st March, 2024 including the Reports of the Directors and Auditors thereon.
    Ordinary
    99.75% for0.25% against

    Against: promoters 0.00% · institutions 1.47% · other public 0.02%

    Turnout: all 68.50% · promoters 100.00% · institutions 85.97% · other public 0.39%

  2. 2 - To consider and adopt the Consolidated Audited Financial Statements for the year ended 31st March, 2024 including the Report of the Auditors thereon.
    Ordinary
    99.75% for0.25% against

    Against: promoters 0.00% · institutions 1.47% · other public 0.02%

    Turnout: all 68.50% · promoters 100.00% · institutions 85.97% · other public 0.39%

  3. 3 - To declare dividend on Equity Share for the financial year ended on 31st March 2024.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.90%

    Turnout: all 68.90% · promoters 100.00% · institutions 88.88% · other public 0.39%

  4. 4 - To appoint a Director in place of Smt. Shashi Bangur (DIN: 00053300), who retires by rotation under the Articles of Association of the Company and being eligible, offers herself for re appointment.MoreLess
    Ordinary
    99.17% for0.83% against

    Against: promoters 0.00% · institutions 4.65% · other public 0.24%

    Turnout: all 68.90% · promoters 100.00% · institutions 88.88% · other public 0.39%

  5. 5 - Appointment of Shri Umesh Kini (M.No.29159), Cost Accountant, as Cost Auditor of the Company and ratification of remuneration for financial year 2024-25.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 68.90% · promoters 100.00% · institutions 88.88% · other public 0.39%

  6. 6 - Continuation to hold the office of Director by Shri Vinod Balmukand Agarwala (DIN: 01725158), Non-Executive Independent Director of the Company.
    Special
    98.76% for1.24% against

    Against: promoters 0.00% · institutions 6.96% · other public 0.16%

    Turnout: all 68.90% · promoters 100.00% · institutions 88.88% · other public 0.39%

  7. 7 - Re-Appointment of Shri Rajendra Jain (DIN: 07250797) as an Executive Director of the Company.
    Special
    92.71% for7.29% against

    Against: promoters 0.00% · institutions 40.98% · other public 0.24%

    Turnout: all 68.90% · promoters 100.00% · institutions 88.88% · other public 0.39%

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.

Postal ballot, 9 Jan 2024, 3 resolutions

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

  1. Appointment of Shri Prakash Kacholia (DIN:00002626) as Non-Executive Independent Director of the Company
    Special
    98.78% for1.22% against

    Against: promoters 0.00% · institutions 6.35% · other public 5.96%

    Turnout: all 69.95% · promoters 100.00% · institutions 88.48% · other public 0.12%

  2. Continuation to hold the office of Director by Shri Shiv Ratan Goenka (DIN: 00225734), Non-Executive Independent Director of the Company
    Special
    98.21% for1.79% against

    Against: promoters 0.00% · institutions 9.32% · other public 6.36%

    Turnout: all 69.95% · promoters 100.00% · institutions 88.48% · other public 0.12%

  3. Re-appointment of Shri Shiv Ratan Goenka (DIN:00225734), as Non-Executive Independent Director of the Company
    Special
    98.38% for1.62% against

    Against: promoters 0.00% · institutions 8.43% · other public 6.75%

    Turnout: all 69.95% · promoters 100.00% · institutions 88.48% · other public 0.12%

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, 17 Aug 2023, 6 resolutions

Present: 14 promoters and 81 others.The company's voting result (opens in a new tab)

  1. 1) To consider and adopt the Audited Financial Statements (Standalone and Consolidated) for the year ended 31st March, 2023 including the Reports of the Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 68.37% · promoters 100.00% · institutions 83.91% · other public 0.31%

  2. 2)To declare dividend on Equity Share for the financial year ended on 31st March, 2023.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 68.89% · promoters 100.00% · institutions 87.64% · other public 0.31%

  3. 3) To appoint a Director in place of Shri Saurabh Bangur (DIN: 00236894), who retires by rotation under the Articles of Association of the Company and being eligible, offers himself for re-appointment.MoreLess
    Ordinary
    90.08% for9.92% against

    Against: promoters 0.00% · institutions 53.66% · other public 0.21%

    Turnout: all 66.42% · promoters 95.62% · institutions 87.64% · other public 0.31%

  4. 4) Appointment of Shri Umesh Kini (M.No.29159), Cost Accountant, Sirsi as Cost Auditor of the Company and ratification of Remuneration.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 68.89% · promoters 100.00% · institutions 87.64% · other public 0.31%

  5. 5) Appointment of Smt. Sudha Bhushan (DIN:01749008) as Independent Director of the Company.
    Special
    98.92% for1.08% against

    Against: promoters 0.00% · institutions 6.07% · other public 0.21%

    Turnout: all 68.89% · promoters 100.00% · institutions 87.64% · other public 0.31%

  6. 6) Re-appointment of Shri Virendraa Bangur (DIN:00237043) as Joint Managing Director of the Company.
    Special
    84.08% for15.92% against

    Against: promoters 0.00% · institutions 87.25% · other public 0.24%

    Turnout: all 67.25% · promoters 97.10% · institutions 87.64% · other public 0.31%

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 Aug 2026, 3 fund houses so far (houses' deadline to file 15 Oct 2026)

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

  • To consider and adopt the Standalone Audited Financial Statements for the Financial Year ended on 31st March, 2026 including the Reports of the Directors and Auditors thereon.
    3 for0 against
  • To consider and adopt the Consolidated Audited Financial Statements for the Financial Year ended on 31st March, 2026 including the Reports of Auditors thereon.
    3 for0 against
  • To declare dividend on Equity Share for the Financial Year ended on 31st March 2026.
    3 for0 against
  • To appoint a Director in place of Shri Saurabh Bangur (DIN: 00236894), who retires by rotation under the Articles of Association of the Company and being eligible, offers himself for re-appointment.
    3 for0 against
  • Re-appointment of Shri Prakash Kacholia (DIN:00002626) as Non-Executive Independent Director of the Company.
    3 for0 against
  • Re-appointment of Shri Virendraa Bangur (DIN: 00237043) as Joint Managing Director of the Company.
    3 for0 against
  • Re-appointment of Shri Rajendra Jain (DIN: 07250797) as Executive Director of the Company.
    3 for0 against
3 proposals not matched to one resolution
  • 5) Approve remuneration of Rs. 200,000 payable to Umesh Kini, Cost Accountant as cost auditor for FY27
    1 for0 against
  • Approve remuneration of Rs. 200,000 payable to Umesh Kini, Cost Accountant as cost auditor for FY27
    1 for0 against
  • Ratification of Remuneration of Rs 2,00,000 plus applicable taxes and out of pocket expenses, payable to Shri Umesh Kini (M.No.29159), Cost Accountant, appointed as Cost Auditor of the Company to conduct the audit of the cost accounts records maintained by the Company, for the Financial Year ending 31st March 2027.MoreLess
    1 for0 against

Mutual fund votes, meeting of 7 Apr 2026, 6 fund houses

  • Re-appointment of Smt. Sudha Bhushan (DIN:01749008) as Non – Executive Independent Director of the Company
    6 for0 against
  • Re-appointment of Shri S. K. Bangur (DIN: 00053237) as Chairman & Managing Director of the Company
    Against ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, PPFAS Mutual Fund
    • ICICI Prudential Mutual FundThe AMC supports reappointment, however since there is no absolute cap on the remuneration, Hence, the AMC has voted against the resolution.
    • Motilal Oswal Mutual FundCompliant with law. Governance Concern: Combined position of Chairman and MD, may lead to concentration of powers in the hands of single individual; further, the remuneration practice of the Company appears to be skewed in favour of promoter directors.
    • Nippon India Mutual FundGovernance Concern: The combined role of Chairman and MD may lead to concentration of power in the hands of a single individual; additionally, the Company's remuneration practices appear to be skewed in favour of promoter directors.
    • PPFAS Mutual FundExcessive Remuneration
    2 for4 against
6 earlier meetings

Mutual fund votes, meeting of 28 Aug 2025, 7 fund houses

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

  • To consider and adopt the Standalone Audited Financial Statements for the year ended 31st March, 2025 including the Reports of the Directors and Auditors thereon.
    7 for0 against
  • To consider and adopt the Consolidated Audited Financial Statements for the year ended 31st March, 2025 including the Reports of the Auditors thereon
    7 for0 against
  • To declare dividend on Equity Share for the financial year ended on 31st March 2025.
    7 for0 against
  • To appoint a Director in place of Shri Rajendra Jain (DIN: 07250797), who retires by rotation under the Articles of Association of the Company and being eligible, offers himself for re- appointment.
    Against Franklin Templeton Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST the following nominee is warranted because Rajendra Jain is an executive director serving on the audit committee.
    6 for1 against
  • Appointment of Shri Umesh Kini (M.No.29159), Cost Accountant, as Cost Auditor of the Company and ratification of remuneration for financial year 2025-26
    2 for0 against
  • Appointment of M/s N G J & Co., Company Secretaries, Bangalore (Firm Unique Code no. P2015KR043200) as the Secretarial Auditor of the Company and fix their remuneration.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. No concern on the merits of proposed Auditors. Transparency Concern: Previous auditors’ remuneration not available; it cannot be ascertained as to whether there is any material change in the proposed Audit fee.
    6 for1 against
1 proposal not matched to one resolution
  • Ratification of remuneration of Rs. 2,00,000 plus applicable taxes and out of pocket expenses payable to Shri Umesh Kini (M. No. 29159), Cost Accountant, appointed as Cost Auditor of the Company to conduct the audit of the cost accounts records maintained by the Company, for the financial year ending 31st March 2026.MoreLess
    5 for0 against

Mutual fund votes, meeting of 2 Apr 2025, 7 fund houses

  • Re-appointment of Shri Vinod Balmukand Agarwala (DIN:01725158), as an Independent Director of the Company.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Mr. Vinod Agarwala is the NRC Chairperson; the Remuneration policy of the Company appears to be skewed in favor of Promoter ED.
    4 for3 against

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

  • 1. Re-appointment of Shri Ashok Kumar Garg (DIN:07633091), as an Independent Director of the Company.
    8 for0 against

Mutual fund votes, meeting of 14 Aug 2024, 6 fund houses

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

  • 1 - To consider and adopt the Standalone Audited Financial Statements for the year ended 31st March, 2024 including the Reports of the Directors and Auditors thereon.
    6 for0 against
  • 2 - To consider and adopt the Consolidated Audited Financial Statements for the year ended 31st March, 2024 including the Report of the Auditors thereon.
    6 for0 against
  • 3 - To declare dividend on Equity Share for the financial year ended on 31st March 2024.
    6 for0 against
  • 4 - To appoint a Director in place of Smt. Shashi Bangur (DIN: 00053300), who retires by rotation under the Articles of Association of the Company and being eligible, offers herself for re appointment.MoreLess
    6 for0 against
  • 6 - Continuation to hold the office of Director by Shri Vinod Balmukand Agarwala (DIN: 01725158), Non-Executive Independent Director of the Company.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Mr. Vinod Agarwala is the NRC Chairperson; Remuneration policy of the Company appears to be skewed in the favor of Promoter ED.
    3 for3 against
  • 7 - Re-Appointment of Shri Rajendra Jain (DIN: 07250797) as an Executive Director of the Company.
    6 for0 against
2 proposals not matched to one resolution
  • Approve Remuneration of Cost Auditors
    1 for0 against
  • Ratification of remuneration of Rs. 2,00,000 plus Goods and Services Tax as applicable and reimbursement of out of pocket expenses payable to Shri Umesh Kini (M.No.29159), Cost Accountant, who is re-appointed as Cost Auditor of the Company to conduct the audit of the cost accounts records maintained by the Company, for the financial year ending 31st March 2025.MoreLess
    5 for0 against

Mutual fund votes, meeting of 9 Jan 2024, 4 fund houses

  • Appointment of Shri Prakash Kacholia (DIN:00002626) as Non-Executive Independent Director of the Company
    4 for0 against
  • Continuation to hold the office of Director by Shri Shiv Ratan Goenka (DIN: 00225734), Non-Executive Independent Director of the Company
    4 for0 against
  • Re-appointment of Shri Shiv Ratan Goenka (DIN:00225734), as Non-Executive Independent Director of the Company
    4 for0 against

Mutual fund votes, meeting of 17 Aug 2023, 4 fund houses

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

  • 1) To consider and adopt the Audited Financial Statements (Standalone and Consolidated) for the year ended 31st March, 2023 including the Reports of the Directors and Auditors thereon.
    4 for0 against
  • 2)To declare dividend on Equity Share for the financial year ended on 31st March, 2023.
    4 for0 against
  • 3) To appoint a Director in place of Shri Saurabh Bangur (DIN: 00236894), who retires by rotation under the Articles of Association of the Company and being eligible, offers himself for re-appointment.MoreLess
    Against HSBC Mutual Fund, Motilal Oswal Mutual Fund
    • HSBC Mutual FundWe have concerns about the director's attendance at board meetings.
    • Motilal Oswal Mutual FundRe-appointment compliant with Law. Governance concern: Remuneration skewness raises question over the role played by the NRC member.
    2 for2 against
  • 5) Appointment of Smt. Sudha Bhushan (DIN:01749008) as Independent Director of the Company.
    4 for0 against
  • 6) Re-appointment of Shri Virendraa Bangur (DIN:00237043) as Joint Managing Director of the Company.
    Against HSBC Mutual Fund, Mahindra Manulife Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • HSBC Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns in the executive's remuneration:- Virendraa Bangur's proposed pay is deemed high and positioned aggressively, compared to industry peers.- There is no absolute cap on the commission element or his overall pay.- There are no disclosures on the threshold and target performance that he needs to achieve to determine the commission element.
    • Mahindra Manulife Mutual FundGovernance Concern: No absolute cap on variable pay | Skewed remuneration practice. We raise concerns regarding the proposed remuneration structure since his commission component is being increased to 1.5% of standalone profits: this could increase his commission payout even if the company’s profits decline. Further aggregate promoter executive remuneration was Rs. 422.3 (5.3% of standalone PBT), which is high for the size of business and not in line with peers.
    • Motilal Oswal Mutual FundCompliant with Law. Governance Concern: No absolute cap on variable pay | Skewed remuneration practice
    • Nippon India Mutual FundNo absolute cap on variable pay
    0 for4 against
2 proposals not matched to one resolution
  • Approve Remuneration of Cost Auditors
    1 for0 against
  • Ratification of remuneration of Rs.2,00,000 payable to Shri Umesh Kini (M.No.29159),Cost Auditor, Sirsi, appointed as Cost Auditors of the Company to conduct the audit of the cost accounts records maintained by the Company, for the financial year ending 31st March 2024.MoreLess
    3 for0 against

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

Investor complaints and compliance

Quarter by quarter.

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

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.