Aditya Birla Sun Life AMC CEO, chairman, board of directors and AGM
NSE: ABSLAMCBSE: 543374Capital MarketsSmall Cap
Share price at the NSE close on 28 Oct 2026. Previous close ₹878.55.
28 Oct: open ₹881.00, high ₹894.00, low ₹860.00
- 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. Market capitalisation: how it is worked out
- ₹25,082 Cr284th 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. Price to earnings, trailing: how it is worked out
- 25.41
- 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. Price to book: how it is worked out
- 6.46
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 2.94%
- 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.
- 26.5%
- 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.
- 26.6%
- 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 Sep 2026.
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 1,61,73354.0% delivered
Aditya Birla Sun Life AMC's chairperson is Vishakha Vivek Mulye and its managing director and CEO Athmanathan Balasubramanian, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 29 Jul 2026.
Aditya Birla Sun Life AMC 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
- ChairpersonVishakha Vivek Mulye
- Managing director and CEOAthmanathan Balasubramanian
- Company Secretary and Compliance OfficerPrateek Savla
10 directors5 independent1 executive4 non-executive
- Vishakha Vivek Mulye · ChairpersonNon-executive · joined Oct 2022 · 3 listed boards · 3 committee seats
- Sandeep AsthanaNon-executive · joined Apr 2011 · 1 listed board · 2 committee seats
- Athmanathan Balasubramanian · Managing director and CEOExecutive · joined Jul 2019 · reappointed Jul 2024 · 1 listed board · 1 committee seat
- Manjit SinghNon-executive · joined Dec 2024 · 1 listed board
- Sushil AgarwalNon-executive · joined May 2026 · 5 listed boards · 6 committee seats
- Navin PuriIndependent · joined Sep 2019 · reappointed Sep 2024 · 84 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
- Ramesh AbhishekIndependent · joined Jan 2022 · reappointed Jan 2022 · 57 months as independent · 3 listed boards · 3 as independent · 7 committee seats, 2 as chair
- Sunder Rajan RamanIndependent · joined Jan 2022 · reappointed Jan 2022 · 57 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
- Supratim BandyopadhyayIndependent · joined Jun 2023 · reappointed Jun 2023 · 40 months as independent · 4 listed boards · 4 as independent · 5 committee seats
- Anita RamachandranIndependent · joined Mar 2025 · reappointed Mar 2025 · 18 months as independent · 6 listed boards · 6 as independent · 9 committee seats, 3 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
2 directors who left
- Alka Marezban Bharucha, left 30 Mar 2025: Tenure Completion
- Amrit Kanwal, left 18 Dec 2024: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 21 Jul 202610 of 10 present5 independent · 24 days in between
- 26 Jun 20269 of 10 present5 independent · 63 days in between
- 23 Apr 20269 of 9 present5 independent
Audit Committee
Chair Sunder Rajan Raman
Ramesh Abhishek, Navin Puri, Vishakha Vivek Mulye, Sandeep Asthana, Supratim Bandyopadhyay
- 21 Jul 20265 of 6 present4 independent · 24 days in between
- 26 Jun 20266 of 6 present4 independent · 63 days in between
- 23 Apr 20266 of 6 present4 independent
Nomination and remuneration committee
Chair Anita Ramachandran
Sandeep Asthana, Ramesh Abhishek, Navin Puri, Vishakha Vivek Mulye, Supratim Bandyopadhyay
- 30 Jul 20265 of 6 present4 independent · 33 days in between
- 26 Jun 20266 of 6 present4 independent
Stakeholders Relationship Committee
Chair Anita Ramachandran
Athmanathan Balasubramanian, Ramesh Abhishek
- 22 Apr 20263 of 3 present2 independent
Risk Management Committee
Chair Supratim Bandyopadhyay
Sunder Rajan Raman, Sandeep Asthana, Vishakha Vivek Mulye
- 20 Jul 20263 of 4 present2 independent · 88 days in between
- 22 Apr 20264 of 4 present2 independent
Corporate Social Responsibility Committee
Chair Anita Ramachandran
Sandeep Asthana, Vishakha Vivek Mulye
- 13 May 20263 of 3 present1 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.
- S R BATLIBOI & CO.LLPPeer-review certificate valid to Jul 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.
Aditya Birla Sun Life AMC 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.Aditya Birla Sun Life AMC dividend history
Annual general meeting, 29 Jul 2026
2,40,269 shareholders on the register on 22 Jul 2026; present: 1 promoter and 75 others; votes counted by Mr. Omkar Dindorkar / Makarand M. Joshi & Co.The company's voting result
To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2026, and the Report(s) of the Board of Directors and Auditors thereon. b. the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026 and the Reports of Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.17%
Turnout: all 89.26% · promoters 100.00% · institutions 77.88% · other public 0.86%
- To declare dividend of Rs. 25.50 per equity share of Rs. 5 each for the financial year ended 31st March, 2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.17%
Turnout: all 89.29% · promoters 100.00% · institutions 78.04% · other public 0.86%
To appoint a Director in place of Mr. Sandeep Asthana (DIN: 00401858), who retires by rotation in terms of provisions of Section 152 of the Companies Act, 2013 and being eligible, offers his candidature for re-appointment.MoreLess
OrdinaryPromoters have an interest in it99.77% for0.23% againstAgainst: promoters 0.00% · institutions 1.42% · other public 0.35%
Turnout: all 89.27% · promoters 100.00% · institutions 77.94% · other public 0.86%
- Appointment of Mr. Sushil Agarwal (DIN: 00060017) as a Non-Executive Director of the Company.OrdinaryPromoters have an interest in it99.77% for0.23% against
Against: promoters 0.00% · institutions 1.39% · other public 0.31%
Turnout: all 89.27% · promoters 100.00% · institutions 77.94% · other public 0.86%
- Re-appointment of Mr. Sunder Rajan Raman (DIN: 02511138) as an Independent Director of the Company for a second term of five years with effect from 1st January, 2027.Special99.86% for0.14% against
Against: promoters 0.00% · institutions 0.83% · other public 0.31%
Turnout: all 89.27% · promoters 100.00% · institutions 77.94% · other public 0.86%
- Re-appointment of Mr. Ramesh Abhishek (DIN: 07452293) as an Independent Director of the Company for a second term of five years with effect from 1st January, 2027.Special89.13% for10.87% against
Against: promoters 0.00% · institutions 66.82% · other public 4.17%
Turnout: all 89.27% · promoters 100.00% · institutions 77.94% · other public 0.86%
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, 19 Dec 2025, 2 resolutions
2,61,412 shareholders on the register on 14 Nov 2025; votes counted by Mr. Omkar Dindorkar / Makarand M. Joshi & Co.The company's voting result
- Adoption of Aditya Birla Sun Life AMC Limited Employee Stock Option and Performance Stock Unit Scheme 2025Special92.89% for7.11% against
Against: promoters 0.00% · institutions 50.89% · other public 9.64%
Turnout: all 87.02% · promoters 100.00% · institutions 72.91% · other public 0.38%
- Approval for extending the benefits of Aditya Birla Sun Life AMC Limited Employee Stock Option and Performance Stock Unit Scheme 2025 to the employees of the Subsidiary Companies of the CompanySpecial92.89% for7.11% against
Against: promoters 0.00% · institutions 50.89% · other public 10.04%
Turnout: all 87.02% · promoters 100.00% · institutions 72.91% · other public 0.38%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 30 Jul 2025, 4 resolutions
2,69,135 shareholders on the register on 23 Jul 2025; present: 2 promoters and 70 others; votes counted by Mr. Omkar Dindorkar / MMJB & Associates LLP.The company's voting result
To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2025 and the Reports of the Board of Directors’ and Auditors thereon. b. the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025 and the Reports of Auditors thereon.MoreLess
Ordinary99.98% for0.02% againstAgainst: promoters 0.00% · institutions 0.12% · other public 0.27%
Turnout: all 86.59% · promoters 100.00% · institutions 71.52% · other public 0.45%
- To declare a dividend of ₹ 24 per equity share of ₹ 5 each for the financial year ended 31st March, 2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.24%
Turnout: all 86.62% · promoters 100.00% · institutions 71.70% · other public 0.45%
To appoint a Director in place of Mrs. Vishakha Mulye (DIN: 00203578), who retires by rotation in terms of Section 152 of the Companies Act, 2013 and being eligible, offers her candidature for re-appointment.MoreLess
Ordinary99.56% for0.44% againstAgainst: promoters 0.00% · institutions 3.24% · other public 0.37%
Turnout: all 86.62% · promoters 100.00% · institutions 71.70% · other public 0.45%
- Appointment of M/s. N L Bhatia & Associates, Practicing Company Secretaries as the Secretarial Auditor of the Company.Ordinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.38% · other public 0.33%
Turnout: all 86.62% · promoters 100.00% · institutions 71.70% · other public 0.45%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 21 Jun 2025, 1 resolution
2,83,455 shareholders on the register on 16 May 2025; votes counted by Mr. Omkar Dindorkar / MMJB & Associates LLP.The company's voting result
- Appointment of Ms. Anita Ramachandran (DIN: 00118188) as an Independent Director of the CompanySpecial93.99% for6.01% against
Against: promoters 0.00% · institutions 37.23% · other public 3.09%
Turnout: all 89.37% · promoters 100.00% · institutions 89.87% · other public 0.56%
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.
Postal ballot, 8 Mar 2025, 1 resolution
2,95,458 shareholders on the register on 31 Jan 2025; votes counted by Mr. Omkar Dindorkar / MMJB & Associates LLP.The company's voting result
- Appointment of Mr. Manjit Singh (DIN: 09792276) as a Non-Executive Director of the CompanyOrdinaryPromoters have an interest in it99.56% for0.44% against
Against: promoters 0.00% · institutions 2.66% · other public 3.09%
Turnout: all 89.82% · promoters 100.00% · institutions 90.32% · other public 0.72%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 8 Aug 2024, 6 resolutions
Present: 4 promoters and 54 others.
To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March, 2024 and the reports of the Board of Directors’ and Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 2.05%
Turnout: all 89.56% · promoters 100.00% · institutions 89.37% · other public 0.27%
- To declare a dividend of ¿ 13.50 per equity share of ¿ 5 each for the financial year ended 31st March, 2024Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.31%
Turnout: all 89.59% · promoters 100.00% · institutions 89.51% · other public 0.27%
To appoint a director in place of Mr. Amrit Kanwal (DIN: 09545814), who retires by rotation in terms of Section 152 of the Companies Act, 2013 and being eligible, offers his candidature for re-appointmentMoreLess
Ordinary98.68% for1.32% againstAgainst: promoters 0.00% · institutions 8.35% · other public 2.04%
Turnout: all 89.12% · promoters 100.00% · institutions 86.62% · other public 0.27%
- Re-appointment of S.R. Batliboi & Co. LLP, Chartered Accountants as the Statutory Auditors of the Company for a second term of five consecutive yearsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.02% · other public 2.16%
Turnout: all 89.59% · promoters 100.00% · institutions 89.51% · other public 0.27%
- Re-appointment of Mr. Navin Puri as an Independent Director of the CompanySpecial99.95% for0.05% against
Against: promoters 0.00% · institutions 0.32% · other public 3.43%
Turnout: all 89.59% · promoters 100.00% · institutions 89.51% · other public 0.27%
- Re-appointment of Mr. A. Balasubramanian as the Managing Director & CEO of the CompanyOrdinary98.59% for1.41% against
Against: promoters 0.00% · institutions 8.90% · other public 4.63%
Turnout: all 89.12% · promoters 100.00% · institutions 86.62% · 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.
Annual general meeting, 11 Aug 2023, 4 resolutions
Present: 4 promoters and 49 others.
To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March, 2023 and the Reports of the Board of Directors’ and Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 1.28%
Turnout: all 92.72% · promoters 100.00% · institutions 97.50% · other public 0.42%
to declare a final dividend of ₹5.25 per equity share of ₹5 each for the financial year ended 31st March 2023, and to confirm Interim dividend of ₹5 per equity share of ₹5 each paid for the financial year ended 31st March 2023MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.65%
Turnout: all 92.72% · promoters 100.00% · institutions 97.50% · other public 0.42%
To appoint a director in place of Mr. Sandeep Asthana (DIN: 00401858), who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointmentMoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.05% · other public 3.97%
Turnout: all 92.72% · promoters 100.00% · institutions 97.50% · other public 0.42%
- To appoint Mr. Supratim Bandyopadhyay (DIN:03558215) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 3.70%
Turnout: all 92.72% · promoters 100.00% · institutions 97.50% · other public 0.42%
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, 29 Dec 2022, 1 resolution
- Appointment of Mrs. Vishakha Mulye (DIN:00203578) as a Non-Executive Director of the companyOrdinary99.58% for0.42% against
Against: promoters 0.00% · institutions 10.71% · other public 10.37%
Turnout: all 90.07% · promoters 100.00% · institutions 54.09% · other public 0.28%
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 29 Jul 2026, 27 fund houses
To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2026, and the Report(s) of the Board of Directors and Auditors thereon. b. the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026 and the Reports of Auditors thereon.MoreLess
27 for0 against- To declare dividend of Rs. 25.50 per equity share of Rs. 5 each for the financial year ended 31st March, 2026.27 for0 against
To appoint a Director in place of Mr. Sandeep Asthana (DIN: 00401858), who retires by rotation in terms of provisions of Section 152 of the Companies Act, 2013 and being eligible, offers his candidature for re-appointment.MoreLess
27 for0 against- Appointment of Mr. Sushil Agarwal (DIN: 00060017) as a Non-Executive Director of the Company.
Against Franklin Templeton Mutual Fund
- Franklin Templeton Mutual FundA vote AGAINST the nominee is warranted as the nominee sits on more than four public company boards and is considered overboarded.
26 for1 against - Re-appointment of Mr. Sunder Rajan Raman (DIN: 02511138) as an Independent Director of the Company for a second term of five years with effect from 1st January, 2027.27 for0 against
- Re-appointment of Mr. Ramesh Abhishek (DIN: 07452293) as an Independent Director of the Company for a second term of five years with effect from 1st January, 2027.
Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, Kotak Mahindra Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Quantum Mutual Fund, Unifi Mutual Fund, Zerodha Mutual Fund
- Angel One Mutual FundGovernance concern: The Director has failed in his fiduciary duty towards minority shareholders and safeguarding their interest in another company.
- Axis Mutual Fund, Jio BlackRock Mutual Fund, Unifi Mutual FundRamesh Abhishek, 66, is a retired Indian Administrative Service Officer of the 1982 batch. He retired as the Secretary of The Department for Promotion of Industry and Internal Trade (DPIIT). He has also served as the Chairperson of The Commodity derivatives Markets regulator and Forward Markets Commission. He has been an Independent Director on the board since 1 January 2022 and he has attended all eight board meetings in FY26. We raise concern that he was an Independent Director on the board of Paytm Payments Bank Ltd. (PPBL) from 3 August 2021, till his resignation on 20 February 2024. The Reserve Bank of India, on 31 January 2024, directed PPBL to stop accepting any deposits/ credit transactions/ top ups/ in customer accounts, prepaid instruments, wallets, FASTags, etc. after 29 February 2024 (extended till 15 March 2024); among other restrictions. RBI cited persistent non-compliances and continued material supervisory concerns in the bank as identified in the Comprehensive System Audit and compliance validation report of the external auditors. Subsequently, effective 24 April 2026, The Reserve Bank of India cancelled PPBL’s banking license. Given these concerns, we are unable to support the resolution.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Invesco Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. Governance concern: The Director has failed in his fiduciary duty towards minority shareholders and safeguarding their interest in another company.
- Baroda BNP Paribas Mutual FundWe do not support the re-appointment of Ramesh Abhishek because the ID was on the board of One 97 during adverse regulatory action. As the director failed in fiduciary duty towards minority shareholders and safeguarding their interest in another company, we do not support the resolution.
- HDFC Mutual FundRamesh Abhishek, 66, is a retired Indian Administrative Service Officer of the 1982 batch. He has been an Independent Director on the board since 1 January 2022. He was an Independent Director on the board of Paytm Payments Bank Ltd. (PPBL) from 3 August 2021, till his resignation on 20 February 2024 and as per public sources, he served as a member of the Risk Management Committee of PPBL. RBI cited persistent non-compliances and continued material supervisory concerns in PPBL as identified in the Comprehensive System Audit and compliance validation report of the external auditors. Subsequently, effective 24 April 2026, The Reserve Bank of India cancelled PPBL’s banking license. Given the corporate governance failure that laces his past board membership, we do not support her appointment as an Independent Director. We do not support the resolution.
- Kotak Mahindra Mutual FundRamesh Abhishek, 66, is a retired Indian Administrative Service Officer of the 1982 batch. He retired as the Secretary of The Department for Promotion of Industry and Internal Trade (DPIIT). He has also served as the Chairperson of The Commodity derivatives Markets regulator and Forward Markets Commission. He has been an Independent Director on the board since 1 January 2022, and he has attended all eight board meetings in FY26. He was an Independent Director on the board of Paytm Payments Bank Ltd. (PPBL) from 3 August 2021, till his resignation on 20 February 2024. During his presence on board, RBI took strong Regulatory measures against Paytm Payments Bank Ltd (PPBL) because PPBL repeatedly failed to follow the regulatory guidelines set by the RBI. Despite of having on board, he never raised any concern with the regulatory breach. Hence, he failed in his fiduciary duty to safeguard the interests of minority shareholders. We do not favour this resolution.
- Mirae Asset Mutual Fundas per advisory (Passive holding)
- Quantum Mutual FundMr. Ramesh Abhishek's reappointment as an Independent Director raises concerns from a governance perspective. As per public sources he has been investigated by CBI and ED in 2024 in relation to his involvement in alleged commission received during his tenure as Forward Market Commission (FMC) Chairman in the period of 2012-15. Further, there was a legal probe on his role in matters connected to NSEL payment default in 2013. We are of the view that he may not be a fit and proper candidate for an independent director. Therefore, we do not favour resolution of his reappointment as the independent director of the company.
11 for16 against
Mutual fund votes, meeting of 19 Dec 2025, 24 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Adoption of Aditya Birla Sun Life AMC Limited Employee Stock Option and Performance Stock Unit Scheme 2025
Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, LIC Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
- Angel One Mutual Fund, LIC Mutual Fund, Nippon India Mutual FundGovernance & Transparency Concern: No bifurcation of ESOP/ PSUs, Lack of clarity to ascertain the maximum quantum of benefits per employee under the scheme.
- Axis Mutual FundNo bifurcation of ESOP/ PSU, Lack of clarity to ascertain the maximum quantum of benefits per employee.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance & Transparency Concern: No bifurcation of ESOP/ PSUs, Lack of clarity to ascertain the maximum quantum of benefits per employee under the scheme.
- HDFC Mutual FundESOPS / RSUs granted at a deep discount to market price. We do not support the resolution.
- Mirae Asset Mutual FundAs per advisory recommendation (passive holding)
8 for11 against - Approval for extending the benefits of Aditya Birla Sun Life AMC Limited Employee Stock Option and Performance Stock Unit Scheme 2025 to the employees of the Subsidiary Companies of the Company
Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, LIC Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
- Angel One Mutual Fund, Nippon India Mutual FundGovernance & Transparency Concern: No bifurcation of ESOP/ PSUs, Lack of clarity to ascertain the maximum quantum of benefits per employee under the scheme.
- Axis Mutual FundInter linked with Proposal #1
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance & Transparency Concern: Inter-linked with Resolution #1.
- HDFC Mutual FundESOPS / RSUs granted at a deep discount to market price. We do not support the resolution.
- LIC Mutual FundGovernance & Transparency Concern: Inter-linked with Resolution #1.
- Mirae Asset Mutual FundAs per advisory recommendation (passive holding)
8 for11 against
4 proposals not matched to one resolution
- 1) Approve Aditya Birla Sun Life AMC Limited Employee Stock Option and Performance stock unit Scheme 2025 (ABSLAMC Scheme 2025).1 for0 against
- 2) Approve extension of Aditya Birla Sun Life AMC Limited Employee Stock Option and Performance stock unit Scheme 2025 (ABSLAMC Scheme 2025) to employees of subsidiary companies.1 for0 against
- Approve Aditya Birla Sun Life AMC Limited Employee Stock Option and Performance stock unit Scheme 2025 (ABSLAMC Scheme 2025)
Against Jio BlackRock Mutual Fund, Unifi Mutual Fund, UTI Mutual Fund
- Jio BlackRock Mutual Fund, Unifi Mutual Fund, UTI Mutual FundUnder the ABSLAMC Scheme 2025, the company proposed to issue options in the form of ESOPs and /or PSUs. The vesting criteria for ESOPs and PSUs is performance based - but the NRC has the discretion to lay down the parameters in the grant letter. Although, the exercise price for ESOPs is Market Price; for PSUs, the exercise price is face value of Rs. 5.0 per share. We believe that ESOPs/PSUs are ‘pay at risk’ options that employees accept at the time of grant, which is protected if the ESOPs/PSUs are issued at significant discount to market price. If options are issued at a deep discount to the market price and carry performance-based vesting, we expect companies to disclose specific corporate-level targets, along with an indicative range of weightages for each of the parameters and disclose the basis of vesting, including targets, in the subsequent annual reports. In this case, the exact mix of ESOPs and PSUs has not been disclosed. Further, while the PSUs may have performance-based vesting, such criteria will be at the discretion of the Nomination and Remuneration Committee (NRC) – these performance parameters may include profitability, revenue, share price growth, among others – with the NRC retaining the discretion to change these. Given the lack of clarity, we are unable to support the resolution.
1 for3 against - Approve extension of Aditya Birla Sun Life AMC Limited Employee Stock Option and Performance stock unit Scheme 2025 (ABSLAMC Scheme 2025) to employees of subsidiary companies
Against Jio BlackRock Mutual Fund, Unifi Mutual Fund, UTI Mutual Fund
- Jio BlackRock Mutual Fund, Unifi Mutual Fund, UTI Mutual FundOur views on this resolution are linked to our views on resolution #1. We do not support this resolution.
1 for3 against
Mutual fund votes, meeting of 30 Jul 2025, 22 fund houses
5 proposals
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2025 and the Reports of the Board of Directors’ and Auditors thereon. b. the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025 and the Reports of Auditors thereon.MoreLess
21 for0 against- To declare a dividend of ₹ 24 per equity share of ₹ 5 each for the financial year ended 31st March, 2025.21 for0 against
To appoint a Director in place of Mrs. Vishakha Mulye (DIN: 00203578), who retires by rotation in terms of Section 152 of the Companies Act, 2013 and being eligible, offers her candidature for re-appointment.MoreLess
21 for0 against- Appointment of M/s. N L Bhatia & Associates, Practicing Company Secretaries as the Secretarial Auditor of the Company.21 for0 against
1 proposal not matched to one resolution
- Appointment of Mr. Manjit Singh (DIN: 09792276) as a Non – Executive Director of the Company1 for0 against
Mutual fund votes, meeting of 21 Jun 2025, 20 fund houses
1 proposal
- Appointment of Ms. Anita Ramachandran (DIN: 00118188) as an Independent Director of the Company
Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, LIC Mutual Fund, Mahindra Manulife Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
- Angel One Mutual Fund, LIC Mutual FundGovernance Concern: Prolonged association with the Group.
- Axis Mutual FundMs. Anita Ramachandran, 70, is an advisor to Mercer India, following its April 2025 acquisition of Cerebrus Consultants. She has over 40 years of experience as a management consultant varied over a wide range of areas from finance, industrial market research, strategy, human resources and consulting. Anita Ramachandran has served on the boards of several Aditya Birla group companies since 2014. While her appointment meets statutory requirements, her association with the Aditya Birla group is currently in excess of 10 years. We do not support appointment of independent directors if their aggregate tenure with the company or the group has exceeded 10 years. We do not support the resolution.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundAppointment is compliant with the law. No concerns on the merit of the proposed appointee. Governance Concern: Prolonged association with the Group.
- HDFC Mutual FundMs. Anita Ramachandran, 70, is an advisor to Mercer India, following its April 2025 acquisition of Cerebrus Consultants. She has over 40 years of experience as a management consultant. Anita Ramachandran has served on the boards of several Aditya Birla group companies since 2014. While her appointment meets statutory requirements, her association with the Aditya Birla group is currently in excess of 10 years. We do not support appointment of independent directors if their aggregate tenure with the company or the group has exceeded 10 years. We do not support the resolution.
- Mahindra Manulife Mutual FundMs. Anita Ramachandran, 70, is an advisor to Mercer India, following its April 2025 acquisition of Cerebrus Consultants. She has over 40 years of experience as a management consultant varied over a wide range of areas from finance, industrial market research, strategy, human resources and consulting. Anita Ramachandran has served on the boards of several Aditya Birla group companies since 2014. Her association with the Aditya Birla group is currently in excess of 10 years and she has been part of several Aditya Birla Group companies in the past decade. As such her overall aggregate association with the group is over 10 years considering her association with multiple group companies. We do not support the resolution.
- Mirae Asset Mutual FundAs per advisory guidelines, passive holding
- Nippon India Mutual FundGovernance Concern: Candidate Prolonged Association
8 for12 against
Mutual fund votes, meeting of 8 Mar 2025, 18 fund houses
1 proposal
- Appointment of Mr. Manjit Singh (DIN: 09792276) as a Non-Executive Director of the Company18 for0 against
Mutual fund votes, meeting of 8 Aug 2024, 10 fund houses
6 proposals
To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March, 2024 and the reports of the Board of Directors’ and Auditors thereonMoreLess
10 for0 against- To declare a dividend of ¿ 13.50 per equity share of ¿ 5 each for the financial year ended 31st March, 202410 for0 against
To appoint a director in place of Mr. Amrit Kanwal (DIN: 09545814), who retires by rotation in terms of Section 152 of the Companies Act, 2013 and being eligible, offers his candidature for re-appointmentMoreLess
10 for0 against- Re-appointment of S.R. Batliboi & Co. LLP, Chartered Accountants as the Statutory Auditors of the Company for a second term of five consecutive years10 for0 against
- Re-appointment of Mr. Navin Puri as an Independent Director of the Company10 for0 against
- Re-appointment of Mr. A. Balasubramanian as the Managing Director & CEO of the Company10 for0 against
Mutual fund votes, meeting of 11 Aug 2023, 3 fund houses
4 proposals
To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March, 2023 and the Reports of the Board of Directors’ and Auditors thereonMoreLess
3 for0 againstto declare a final dividend of ₹5.25 per equity share of ₹5 each for the financial year ended 31st March 2023, and to confirm Interim dividend of ₹5 per equity share of ₹5 each paid for the financial year ended 31st March 2023MoreLess
3 for0 againstTo appoint a director in place of Mr. Sandeep Asthana (DIN: 00401858), who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointmentMoreLess
3 for0 against- To appoint Mr. Supratim Bandyopadhyay (DIN:03558215) as an Independent Director of the Company3 for0 against
Mutual fund votes, meeting of 29 Dec 2022, 6 fund houses
1 proposal
- Appointment of Mrs. Vishakha Mulye (DIN:00203578) as a Non-Executive Director of the company6 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
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- No
- 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.