Ahluwalia Contracts (India) logo

Ahluwalia Contracts (India) CEO, chairman, board of directors and AGM

NSE: AHLUCONTBSE: 532811ConstructionSmall Cap

Ahluwalia Contracts (India) Limited · Face value ₹2 · Listed Feb 2007 on BSE, Dec 2009 on NSE
Last close ₹530.95down ₹5.90 (1.10%)BSE ₹531.10

Share price at the NSE close on 28 Oct 2026. Previous close ₹536.85.

28 Oct: open ₹533.00, high ₹534.55, low ₹521.05

52-week range of traded prices to 28 Oct 2026
₹520.05Low, 26 Oct 2026₹1,077.95High, 18 Nov 2025
Market cap
₹3,557 Cr745th largest listed
P/E
15.80
P/B
1.73
Dividend yield
0.13%
ROE
11.7%
ROCE
13.9%
Debt to equity
0.00
Volume, NSE
1,01,189

Ahluwalia Contracts (India)'s chairperson and managing director and CEO is Bikramjit Ahluwalia, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 29 Sep 2026.

Ahluwalia Contracts (India) 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 CEOBikramjit Ahluwalia
  • Company Secretary and Compliance OfficerVipin Kumar Tiwari

8 directors4 independent4 executive

  • Bikramjit Ahluwalia · Chairperson and managing director and CEOExecutive · joined Jun 1979 · reappointed Apr 2024 · 36 months as independent · 1 listed board
  • Shobhit UppalExecutive · joined Mar 1994 · reappointed Apr 2026 · 60 months as independent · 1 listed board · 2 committee seats
  • Vikas AhluwaliaExecutive · joined Apr 2002 · reappointed Apr 2026 · 60 months as independent · 1 listed board
  • Sanjiv SharmaExecutive · joined Aug 2019 · reappointed Aug 2022 · 60 months as independent · 1 listed board
  • Rajendra Prashad GuptaIndependent · joined Jul 2019 · reappointed Jul 2022 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Sunil Kumar SachdevaIndependent · joined Feb 2024 · reappointed Feb 2024 · 36 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Ashok KhuranaIndependent · joined Feb 2024 · reappointed Feb 2024 · 36 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Sheela BhideIndependent · joined Sep 2021 · reappointed Sep 2022 · 60 months as independent · 1 listed board · 1 as independent

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

    • 14 Aug 20267 of 8 present4 independent · 75 days in between
    • 30 May 20268 of 8 present4 independent

  • Audit Committee

    Chair Sunil Kumar Sachdeva

    Rajendra Prashad Gupta, Ashok Khurana, Shobhit Uppal

    • 14 Aug 20264 of 4 present3 independent
    • 30 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Sunil Kumar Sachdeva

    Ashok Khurana, Rajendra Prashad Gupta

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Rajendra Prashad Gupta

    Sunil Kumar Sachdeva, Shobhit Uppal

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Sunil Kumar Sachdeva

    Shobhit Uppal, Vikas Ahluwalia

    • 8 Aug 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair Sheela Bhide

    Shobhit Uppal, Sunil Kumar Sachdeva

    • 14 Aug 20263 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.

  • SCV & CO LLPPeer-review certificate valid to Feb 2027
1 earlier auditor
  • AMOD AGRAWAL & ASSOCIATESNamed 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.

Ahluwalia Contracts (India) 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.Ahluwalia Contracts (India) dividend history

Annual general meeting, 29 Sep 2026

37,377 shareholders on the register on 22 Sep 2026; present: 8 promoters and 27 others; votes counted by Santosh Kumar Pradhan / Santosh Kumar Pradhan.The company's voting result

  1. Adoption of the Standalone & Consolidated Financial Statements for the FY March 31, 2026 with report of the Auditors and the Board of Directors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.46%

    Turnout: all 82.43% · promoters 99.98% · institutions 75.24% · other public 0.06%

  2. Declaration of Dividend for the financial year 2025-26.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.46%

    Turnout: all 82.45% · promoters 99.98% · institutions 75.28% · other public 0.06%

  3. Re-appointment of Retiring Director.
    OrdinaryPromoters have an interest in it
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.62% · other public 2.75%

    Turnout: all 82.45% · promoters 99.98% · institutions 75.28% · other public 0.06%

  4. Re-appointment of Mr. Shobhit Uppal (din: 00305264) as Whole Time Director of the company designated as DY. Managing Director for another period of 5 years and to fix his remuneration.
    OrdinaryPromoters have an interest in it
    94.64% for5.36% against

    Against: promoters 0.00% · institutions 16.25% · other public 19.35%

    Turnout: all 82.45% · promoters 99.98% · institutions 75.28% · other public 0.06%

  5. Re-appointment of Mr. Vikas Ahluwalia (din: 00305175) as Whole Time Director of the company for another period of 5 years and to fix his remuneration.
    OrdinaryPromoters have an interest in it
    99.01% for0.99% against

    Against: promoters 0.00% · institutions 3.00% · other public 19.35%

    Turnout: all 82.45% · promoters 99.98% · institutions 75.28% · other public 0.06%

  6. Ratification of Remuneration of Cost Auditors for the FY 2026-27
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.75%

    Turnout: all 82.45% · promoters 99.98% · institutions 75.28% · other public 0.06%

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

Annual general meeting, 29 Sep 2025, 6 resolutions

37,753 shareholders on the register on 22 Sep 2025; present: 7 promoters and 61 others; votes counted by Santosh Kumar Pradhan / Santosh Kumar Pradhan.The company's voting result

  1. Adoption of Financial Statements.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 90.94% · promoters 100.00% · institutions 97.22% · other public 0.63%

  2. Declaration of Dividend for the financial year 2024-25.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 90.95% · promoters 100.00% · institutions 97.25% · other public 0.63%

  3. Re-appointment of Retiring Director
    Ordinary
    97.32% for2.68% against

    Against: promoters 0.00% · institutions 6.85% · other public 0.02%

    Turnout: all 90.95% · promoters 100.00% · institutions 97.25% · other public 0.63%

  4. Appointment of M/s. SCV & co. LLP, Chartered Accountants (ICAI Firm Registration No. N500089), as the statutory auditor of the company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 90.95% · promoters 100.00% · institutions 97.25% · other public 0.63%

  5. To ratify the remuneration of Cost Auditors for the Financial Year ending 31st March, 2026.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 90.95% · promoters 100.00% · institutions 97.25% · other public 0.63%

  6. Appointment of Secretarial Auditor of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 90.95% · promoters 100.00% · institutions 97.25% · other public 0.63%

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, 27 Sep 2024, 5 resolutions

Present: 8 promoters and 33 others.

  1. Adoption of Financial Statements
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 92.37% · promoters 100.00% · institutions 96.59% · other public 3.07%

  2. Declaration of Dividend for the financial year 2023-24
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 92.52% · promoters 100.00% · institutions 96.99% · other public 3.07%

  3. Re-appointment of Retiring Director
    OrdinaryPromoters have an interest in it
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 0.35% · other public 0.10%

    Turnout: all 92.52% · promoters 100.00% · institutions 96.99% · other public 3.07%

  4. To Revise the Remuneration of Mr. Sanjiv Sharma (DIN: 08478247), Whole-time Director of the Company;
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 92.52% · promoters 100.00% · institutions 96.99% · other public 3.07%

  5. To ratify the remuneration of Cost Auditors for the Financial Year ending 31st March, 2025.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 92.52% · promoters 100.00% · institutions 96.99% · other public 3.07%

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 Mar 2024, 3 resolutions
  1. Re-Appointment of Sh. Bikramjit Ahluwalia, (DIN: 00304947) as Managing Director of the Company
    SpecialPromoters have an interest in it
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 0.66% · other public 0.04%

    Turnout: all 92.92% · promoters 100.00% · institutions 93.02% · other public 20.85%

  2. Appointment of Mr. Sunil Kumar Sachdeva, Independent Director of the Company
    Special
    99.33% for0.67% against

    Against: promoters 0.00% · institutions 1.71% · other public 0.06%

    Turnout: all 92.92% · promoters 100.00% · institutions 92.93% · other public 21.01%

  3. Appointment of Mr. Ashok Khurana, (DIN: 06651241) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 92.92% · promoters 100.00% · institutions 92.93% · other public 21.01%

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

Annual general meeting, 29 Sep 2023, 10 resolutions

Present: 6 promoters and 44 others.

  1. Adoption of Standalone & Consolidated Financial Statements for the Financial Year ended 31st March, 2023:
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.21%

    Turnout: all 92.67% · promoters 100.00% · institutions 94.98% · other public 0.19%

  2. Declaration of Dividend for the Financial Year 2022-23
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.03% · other public 3.21%

    Turnout: all 92.75% · promoters 100.00% · institutions 95.18% · other public 0.19%

  3. Reappointment of Retiring Director:
    OrdinaryPromoters have an interest in it
    97.87% for2.13% against

    Against: promoters 0.00% · institutions 5.29% · other public 4.97%

    Turnout: all 92.66% · promoters 100.00% · institutions 94.94% · other public 0.19%

  4. To ratify the remuneration of the Cost Auditors for the Financial Year ending 31st March,2024:
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.21%

    Turnout: all 92.75% · promoters 100.00% · institutions 95.18% · other public 0.19%

  5. To increase the borrowing limits of the company from Rs 2500 crores to 5000 crores:
    Special
    95.04% for4.96% against

    Against: promoters 0.00% · institutions 12.31% · other public 4.97%

    Turnout: all 92.66% · promoters 100.00% · institutions 94.94% · other public 0.19%

  6. Providing security under section 180(1)(a) of the Companies Act, 2013 in connection with the existing borrowing limit of the company:
    Special
    93.85% for6.15% against

    Against: promoters 0.00% · institutions 15.27% · other public 4.97%

    Turnout: all 92.66% · promoters 100.00% · institutions 94.94% · other public 0.19%

  7. To revise the remuneration of Mr. Bikramjit Ahluwalia (DIN:00304947), Managing Director of the company:
    OrdinaryPromoters have an interest in it
    99.67% for0.33% against

    Against: promoters 0.00% · institutions 0.81% · other public 15.68%

    Turnout: all 92.75% · promoters 100.00% · institutions 95.18% · other public 0.19%

  8. To revise the remuneration of Mr. Shobhit Uppal (DIN:00305264), Whole Time Director of the Company:
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.07% · other public 15.68%

    Turnout: all 92.75% · promoters 100.00% · institutions 95.18% · other public 0.19%

  9. To revise the remuneration of Mr. Vikas Ahluwalia (DIN:00305175), Whole Time Director of the Company:
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 15.68%

    Turnout: all 92.75% · promoters 100.00% · institutions 95.18% · other public 0.19%

  10. To revise the remuneration of Mr. Sanjiv Sharma (DIN:08478247), Whole Time Director of the Company:
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 15.68%

    Turnout: all 92.75% · promoters 100.00% · institutions 95.18% · other public 0.19%

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

Annual general meeting, 28 Sep 2022, 7 resolutions

Present: 9 promoters and 43 others.

  1. Adoption of Standalone & Consolidated Financial Statements for the year ended 31st March, 2022
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 94.70% · promoters 100.00% · institutions 98.87% · other public 0.65%

  2. Declaration of Dividend
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 94.70% · promoters 100.00% · institutions 98.89% · other public 0.65%

  3. To consider appointment of a Director in place of Mr. Sanjiv Sharma (DIN 08478247), who retires by rotation and being eligible, offers himself for reappointment
    Ordinary
    77.69% for22.31% against

    Against: promoters 0.00% · institutions 53.69% · other public 0.04%

    Turnout: all 94.70% · promoters 100.00% · institutions 98.89% · other public 0.65%

  4. Re-appointment of Mr. Sanjiv Sharma (DIN: 08478247), as a Whole Time Director of the company
    Ordinary
    77.72% for22.28% against

    Against: promoters 0.00% · institutions 53.62% · other public 0.04%

    Turnout: all 94.70% · promoters 100.00% · institutions 98.89% · other public 0.65%

  5. Re-appointment of Mr. Rajendra Prashad Gupta (DIN: 02537985), as Independent Director of the company
    Special
    99.57% for0.43% against

    Against: promoters 0.00% · institutions 1.04% · other public 0.04%

    Turnout: all 94.70% · promoters 100.00% · institutions 98.89% · other public 0.65%

  6. Re-Appointment of Dr. Sheela Bhide (DIN: 01843547) as Independent Director of the company
    Special
    99.57% for0.43% against

    Against: promoters 0.00% · institutions 1.04% · other public 0.04%

    Turnout: all 94.70% · promoters 100.00% · institutions 98.89% · other public 0.65%

  7. To ratify the remuneration of cost auditors for the financial year ending March 31, 2023
    Ordinary
    99.57% for0.43% against

    Against: promoters 0.00% · institutions 1.04% · other public 0.04%

    Turnout: all 94.70% · promoters 100.00% · institutions 98.89% · other public 0.65%

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, 24 Sep 2021, 6 resolutions

Present: 7 promoters and 50 others.

  1. ORDINARY -To receive, consider and adopt the Audited Standalone and Consolidated Financial Statement of the Company for the financial year ended March 31, 2021 and the Reports of Board of Directors and Auditors thereon;MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 96.21% · promoters 100.00% · institutions 98.68% · other public 0.65%

  2. ORDINARY - TTo appoint a Director in place of Mr. Vikas Ahluwalia (DIN: 00305175) who retires by rotation and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.17% · other public 0.82%

    Turnout: all 96.21% · promoters 100.00% · institutions 98.70% · other public 0.65%

  3. ORDINARY - Reappointment of Mr. Shobhit Uppal (DIN: 00305264) as Whole Time Director of the Company designated as DY. Managing Director for another period of 5 years n
    OrdinaryPromoters have an interest in it
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.18% · other public 0.82%

    Turnout: all 96.21% · promoters 100.00% · institutions 98.70% · other public 0.65%

  4. Ordinary - Re-Appointment of Mr. Vikas Ahluwalia (DIN: 00305175) as Whole Time Director of the Company for another period of 5 years
    OrdinaryPromoters have an interest in it
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.18% · other public 0.82%

    Turnout: all 96.21% · promoters 100.00% · institutions 98.70% · other public 0.65%

  5. ORDINARY - To ratify the remuneration of Cost Auditors for the Financial Year ending 31st March, 2022
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 96.21% · promoters 100.00% · institutions 98.70% · other public 0.65%

  6. ORDINARY - Appointment of Dr. Sheela Bhide (DIN:01843547) as Independent Director of the Company for a period of one year
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 96.03% · promoters 100.00% · institutions 98.24% · other public 0.65%

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

Postal ballot, 22 Mar 2021, 1 resolution
  1. RE-APPOINTMENT OF SH. BIKRAMJIT AHLUWALIA, (DIN: 00304947) AS MANAGING DIRECTOR OF THE COMPANY FOR ANOTHER PERIOD OF THREE YEARS
    SpecialPromoters have an interest in it
    97.83% for2.17% against

    Against: promoters 0.00% · institutions 4.84% · other public 0.26%

    Turnout: all 83.70% · promoters 79.43% · institutions 99.65% · other public 1.98%

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 Sep 2026, 16 fund houses

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

  • Adoption of the Standalone & Consolidated Financial Statements for the FY March 31, 2026 with report of the Auditors and the Board of Directors
    15 for0 against
  • Declaration of Dividend for the financial year 2025-26.
    10 for0 against
  • Re-appointment of Retiring Director.
    10 for0 against
  • Re-appointment of Mr. Shobhit Uppal (din: 00305264) as Whole Time Director of the company designated as DY. Managing Director for another period of 5 years and to fix his remuneration.
    15 for0 against
  • Re-appointment of Mr. Vikas Ahluwalia (din: 00305175) as Whole Time Director of the company for another period of 5 years and to fix his remuneration.
    16 for0 against
  • Ratification of Remuneration of Cost Auditors for the FY 2026-27
    6 for0 against
10 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • Item 6, as a fund house numbered it
    1 for0 against
  • 2) Declare final dividend of Rs. 0.7 per equity share of face value Rs. 2.0 for FY26
    1 for0 against
  • 3) Reappoint Sanjiv Sharma (DIN: 08478247) as Director, liable to retire by rotation
    1 for0 against
  • Declare final dividend of Rs. 0.7 per equity share of face value Rs. 2.0 for FY26
    4 for0 against
  • Reappoint Sanjiv Sharma (DIN: 08478247) as Director, liable to retire by rotation
    4 for0 against
  • Reelect Sanjiv Sharma as Director
    1 for0 against
  • To ratify the remuneration of Rs. 2.00 Lakhs Per Annum plus applicable taxes thereon and reimbursement of out-of-pocket expenses on actual basis, payable to M/s. N M and Co., Cost Accountants (Firm Registration Number - 000545), who have been appointed by the Board as Cost Auditors of the Company to conduct the audit of cost records of the Company for the financial year ended March 31, 2027.MoreLess
    9 for0 against

Mutual fund votes, meeting of 29 Sep 2025, 15 fund houses

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

  • Adoption of Financial Statements.
    15 for0 against
  • Declaration of Dividend for the financial year 2024-25.
    11 for0 against
  • Re-appointment of Retiring Director
    10 for0 against
  • Appointment of M/s. SCV & co. LLP, Chartered Accountants (ICAI Firm Registration No. N500089), as the statutory auditor of the company.
    14 for0 against
  • To ratify the remuneration of Cost Auditors for the Financial Year ending 31st March, 2026.
    14 for0 against
  • Appointment of Secretarial Auditor of the Company.
    15 for0 against
8 proposals not matched to one resolution
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against
  • 2) Declare final dividend of Rs. 0.6 per equity share of face value Rs. 2.0 for FY25.
    1 for0 against
  • 3) Reappoint Shobhit Uppal (DIN: 00305264) as Director, liable to retire by rotation.
    1 for0 against
  • Declare final dividend of Rs. 0.6 per equity share of face value Rs. 2.0 for FY25
    2 for0 against
  • Reappoint Shobhit Uppal (DIN: 00305264) as Director, liable to retire by rotation
    2 for0 against
  • Reelect Shobhit Uppal as Director
    2 for0 against

Mutual fund votes, meeting of 27 Sep 2024, 10 fund houses

10 proposals

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

  • Adoption of Financial Statements
    10 for0 against
  • Declaration of Dividend for the financial year 2023-24
    7 for0 against
  • Re-appointment of Retiring Director
    5 for0 against
  • To Revise the Remuneration of Mr. Sanjiv Sharma (DIN: 08478247), Whole-time Director of the Company;
    10 for0 against
  • To ratify the remuneration of Cost Auditors for the Financial Year ending 31st March, 2025.
    10 for0 against
5 proposals not matched to one resolution
  • 2) Declare final dividend of Rs.0.5 per share of face value Rs. 2.0 for FY24.
    1 for0 against
  • 3) Reappoint Vikas Ahluwalia (DIN: 00305175) as Director, liable to retire by rotation.
    1 for0 against
  • Declare final dividend of Rs.0.5 per share of face value Rs. 2.0 for FY24
    2 for0 against
  • Reappoint Vikas Ahluwalia (DIN: 00305175) as Director, liable to retire by rotation
    2 for0 against
  • Reelect Vikas Ahluwalia as Director
    2 for0 against

Mutual fund votes, meeting of 21 Mar 2024, 10 fund houses

3 proposals
  • Re-Appointment of Sh. Bikramjit Ahluwalia, (DIN: 00304947) as Managing Director of the Company
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Holding Chairman and Managing Director position.
    8 for2 against
  • Appointment of Mr. Sunil Kumar Sachdeva, Independent Director of the Company
    Against Groww Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Ex-employee in the company.
    7 for3 against
  • Appointment of Mr. Ashok Khurana, (DIN: 06651241) as an Independent Director of the Company
    10 for0 against

Mutual fund votes, meeting of 29 Sep 2023, 8 fund houses

21 proposals

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

  • Adoption of Standalone & Consolidated Financial Statements for the Financial Year ended 31st March, 2023:
    6 for0 against
  • Declaration of Dividend for the Financial Year 2022-23
    6 for0 against
  • Reappointment of Retiring Director:
    3 for0 against
  • To ratify the remuneration of the Cost Auditors for the Financial Year ending 31st March,2024:
    7 for0 against
  • To increase the borrowing limits of the company from Rs 2500 crores to 5000 crores:
    Against Franklin Templeton Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted given that: • The potential debt limit is considered excessive. • There is lack of sufficient information to determine the reasonableness of the potential debt limit.
    • JM Financial Mutual Fund, Motilal Oswal Mutual FundCompliant with the law. Governance Concern: Majority of the borrowing limit is unutilized and absence of specific reasons for the proposed increase.
    4 for3 against
  • Providing security under section 180(1)(a) of the Companies Act, 2013 in connection with the existing borrowing limit of the company:
    Against JM Financial Mutual Fund, Motilal Oswal Mutual Fund
    • JM Financial Mutual Fund, Motilal Oswal Mutual FundCompliant with the law. Governance Concern: Majority of the borrowing limit is unutilized and absence of specific reasons for the proposed increase.
    3 for2 against
  • To revise the remuneration of Mr. Bikramjit Ahluwalia (DIN:00304947), Managing Director of the company:
    Against JM Financial Mutual Fund, Motilal Oswal Mutual Fund
    • JM Financial Mutual Fund, Motilal Oswal Mutual FundNo concern identified with proposed revised remuneration. Governance Concern: Holding Chairman and Managing Director position.
    6 for2 against
  • To revise the remuneration of Mr. Shobhit Uppal (DIN:00305264), Whole Time Director of the Company:
    8 for0 against
  • To revise the remuneration of Mr. Vikas Ahluwalia (DIN:00305175), Whole Time Director of the Company:
    8 for0 against
  • To revise the remuneration of Mr. Sanjiv Sharma (DIN:08478247), Whole Time Director of the Company:
    8 for0 against
11 proposals not matched to one resolution
  • 2) Declare final dividend of Rs.0.4 per share of face value Rs. 2.0 for FY23.
    1 for0 against
  • 3) Reappoint Shobhit Uppal (DIN 00305264) as Director, liable to retire by rotation.
    1 for0 against
  • Accept Financial Statements and Statutory Reports
    2 for0 against
  • Approve creation of charges/ mortgages on company’s assets upto the borrowing limit
    1 for0 against
  • Approve Pledging of Assets for Debt
    Against Franklin Templeton Mutual Fund, HSBC Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted given that: • The potential debt limit is considered excessive. • There is lack of sufficient information to determine the reasonableness of the potential debt limit.
    • HSBC Mutual FundWe are concerned about potential negative impact on shareholder value.
    0 for2 against
  • Approve remuneration of Rs. 0.2 mn for N M & Co. as cost auditors for FY24
    1 for0 against
  • Declare final dividend of Rs.0.4 per share of face value Rs. 2.0 for FY23
    1 for0 against
  • Increase borrowing limits from Rs. 25.0 bn to Rs. 50.0 bn
    1 for0 against
  • Re-appointment of Mr. Shobhit Uppal (DIN 00305264), as a Director of the Company, liable to retire by rotation.
    1 for0 against
  • Reappoint Shobhit Uppal (DIN 00305264) as Director, liable to retire by rotation
    1 for0 against
  • Reelect Shobhit Uppal as Director
    Against HSBC Mutual Fund
    • HSBC Mutual FundWe have concerns about insufficient independence on the board.
    1 for1 against

Mutual fund votes, meeting of 28 Sep 2022, 7 fund houses

12 proposals

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

  • Adoption of Standalone & Consolidated Financial Statements for the year ended 31st March, 2022
    6 for0 against
  • Declaration of Dividend
    7 for0 against
  • To consider appointment of a Director in place of Mr. Sanjiv Sharma (DIN 08478247), who retires by rotation and being eligible, offers himself for reappointment
    Against Franklin Templeton Mutual Fund, HSBC Mutual Fund, Invesco Mutual Fund, SBI Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST the resolution is warranted because: • The board independence norms are not met (after reclassification) and he is a non-independent director nominee. • Sanjiv Sharma has failed to attend at least 75 percent of board and committee meetings in the most recent fiscal year, without a satisfactory explanation
    • HSBC Mutual FundA vote against this resolution is warranted as this is against appointing non-independent candidates if board is less than 50% independent and where board chair is an executive or the promoter.
    • Invesco Mutual FundSanjiv Sharma,53, has been Executive Director of Ahluwalia Contracts since August 2019. He has more than thirty years of experience in Building Construction activities in India with Central Public Works Department (CPWD). He has attended 60% (3 out of 5) board meetings in FY22 and 53% (7 out of 13) board meeting in three-year period. Directors should at least attend 75% of the board meetings in a financial year
    • SBI Mutual FundSanjiv Sharma,53, has been Executive Director of Ahluwalia Contracts since August 2019. He has more than thirty years of experience in Building Construction activities in India with Central Public Works Department (CPWD). He has attended 60% (3 out of 5) board meetings in FY22 and 53% (7 out of 13) board meeting in three-year period. Directors should take their responsibilities seriously and attend all board meetings or at the very least 75% of the board meetings in a financial year. We also note that the effective independence on the board is only 25% due to the presence of 2 long tenured independent directors. Companies must align themselves to 50% independence.
    2 for4 against
  • Re-appointment of Mr. Sanjiv Sharma (DIN: 08478247), as a Whole Time Director of the company
    Against Franklin Templeton Mutual Fund, HSBC Mutual Fund, Invesco Mutual Fund, SBI Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns: • The board independence norms are not met and he is a non-independent director nominee. • Sanjiv Sharma has failed to attend at least 75 percent of board and committee meetings in the most recent fiscal year, without a satisfactory explanation.
    • HSBC Mutual FundA vote against this resolution is desired as it could negatively impact shareholder rights.
    • Invesco Mutual FundSanjiv Sharma, 53, has been Executive Director of Ahluwalia Contracts since August 2019. In FY22 Sanjiv Sharma received a remuneration of Rs. 4.7 mn. While his estimated proposed remuneration of Rs. 6.5 mn is reasonable and comparable to peers, we do not support his reappointment since his attendance of board meetings is poor. He has attended 60% (3 out of 5) board meetings in FY22 and 53% (7 out of 13) board meeting in three-year period. Directors should at least attend 75% of the board meetings in a financial year
    • SBI Mutual FundSanjiv Sharma, 53, has been Executive Director of Ahluwalia Contracts since August 2019. In FY22 Sanjiv Sharma received a remuneration of Rs 4.7 mn. While his estimated proposed remuneration of Rs. 6.5 mn is reasonable and comparable to peers, we do not support his reappointment since his attendance of board meetings is poor. He has attended 60% (3 out of 5) board meetings in FY22 and 53% (7 out of 13) board meeting in three-year period. We believe that directors should take their responsibilities seriously and attend all board meetings or at the very least 75% of the board meetings in a financial year. We also note that the effective independence on the board is only 25% due to the presence of 2 long tenured independent directors. Companies must align themselves to 50% independence.
    2 for4 against
  • Re-appointment of Mr. Rajendra Prashad Gupta (DIN: 02537985), as Independent Director of the company
    7 for0 against
  • Re-Appointment of Dr. Sheela Bhide (DIN: 01843547) as Independent Director of the company
    7 for0 against
  • To ratify the remuneration of cost auditors for the financial year ending March 31, 2023
    5 for0 against
5 proposals not matched to one resolution
  • 7) Approve remuneration of Rs. 0.2 mn for N.M & Co. as cost auditors for FY23.
    1 for0 against
  • Accept Financial Statements and Statutory Reports
    1 for0 against
  • Approve remuneration of Rs. 0.2 mn for N.M & Co. as cost auditors for FY23
    1 for0 against
  • Reappoint Sanjiv Sharma (DIN: 00305175) as Director, liable to retire by rotation
    1 for0 against
  • Reappoint Sanjiv Sharma (DIN:08478247) as Executive Director of the company for five years from 1 August 2022 and fix his remuneration
    1 for0 against

Mutual fund votes, meeting of 24 Sep 2021, 9 fund houses

8 proposals

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

  • ORDINARY -To receive, consider and adopt the Audited Standalone and Consolidated Financial Statement of the Company for the financial year ended March 31, 2021 and the Reports of Board of Directors and Auditors thereon;MoreLess
    9 for0 against
  • ORDINARY - TTo appoint a Director in place of Mr. Vikas Ahluwalia (DIN: 00305175) who retires by rotation and being eligible, offers himself for re-appointment
    9 for0 against
  • ORDINARY - Reappointment of Mr. Shobhit Uppal (DIN: 00305264) as Whole Time Director of the Company designated as DY. Managing Director for another period of 5 years n
    9 for0 against
  • Ordinary - Re-Appointment of Mr. Vikas Ahluwalia (DIN: 00305175) as Whole Time Director of the Company for another period of 5 years
    9 for0 against
  • ORDINARY - To ratify the remuneration of Cost Auditors for the Financial Year ending 31st March, 2022
    6 for0 against
  • ORDINARY - Appointment of Dr. Sheela Bhide (DIN:01843547) as Independent Director of the Company for a period of one year
    9 for0 against
2 proposals not matched to one resolution
  • 5) Approve remuneration of Rs. 0.2 mn for M/s. N.M & Co. as Cost Auditors for FY22.
    1 for0 against
  • Approve remuneration of Rs. 0.2 mn for N.M & Co. as cost auditors for FY22
    2 for0 against

Mutual fund votes, meeting of 22 Mar 2021, 10 fund houses

1 proposal
  • RE-APPOINTMENT OF SH. BIKRAMJIT AHLUWALIA, (DIN: 00304947) AS MANAGING DIRECTOR OF THE COMPANY FOR ANOTHER PERIOD OF THREE YEARS
    Against Bandhan Mutual Fund
    • Bandhan Mutual FundLegal Non-Compliance: Non-disclosure of required information as per Secretarial Standards on General Meetings, Governance concern: Combined position of Chairman and Managing Director.
    9 for1 against

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

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeCommissioner-CGST-GhaziabadSince 4 Oct 2011
    Hearing done. Order reserved
    At the filing before: Awaiting for Personal Hearing
  • Tax disputeCESTAT, CHANDIGARHSince 13 Oct 2021
    Hearing scheduled on 8 Dec 2026
    At the filing before: Hearing scheduled on 28th Sep 2026.2nd Appeal filed before CESTATE, CHANDIGARH ON 09.09.2020. Next PH is fixed for 24.06.2026
  • Tax disputeCGST-Division-Samba-Commissionerate-JammuSince 29 Sep 2026
    2) SCN (DRC-01) NO. 05/GST/DC/SAMBA/SoR/R-III/2026-27 dtd. 29.09.26 issued
  • Tax disputeAsst. Commissioner, Commercial Tax (Enfo.04), South Zone, BangaloreSince 29 Sep 2026
    1) SCN (DRC-01) dtd.29.09.26 issued
  • Tax disputeDy. Commissioner, State Tax, Ludhiana Div. LudhianaSince 28 Sep 2026
    SCN dtd.28.09.26 issued U/s. 73 by Deputy commissioner, State Tax, Ludhiana Div., Ludhiana (Punjab)
  • Tax disputeDy. Commissioner, State Tax, Ludhiana Div. LudhianaSince 28 Sep 2026
    SCN dtd.28.09.26 issued U/s. 74 by Deputy commissioner, State Tax, Ludhiana Div., Ludhiana (Punjab)
  • Tax disputeDeputy Commissioner, SGST, Sector-6, DehradunSince 24 Sep 2026
    GST DRC - 01 No. - ZD050926022633E dtd.24.09.26 issued.
  • Tax disputeGoods and Services Tax, GurgaonSince 2 Jan 2025
    Appeal rejected vide order no. OIO-436 dtd.17.07.26 recd. On 06.08.26 . Preparing for 2nd appeal asap.
    At the filing before: Appeal filed on 28.03.25

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

Investor complaints and compliance

Quarter by quarter.

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

  • Received
  • Resolved
00Dec 2400Mar 2500Jun 2511Sep 2500Dec 2500Mar 2600Jun 2600Sep 26

Open at the quarter's end

0Dec 240Mar 250Jun 250Sep 250Dec 250Mar 260Jun 260Sep 26
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
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.