Amagi Media Labs CEO, chairman, board of directors and AGM
NSE: AMAGIBSE: 544679IT - ServicesSmall Cap
Share price at the NSE close on 29 Oct 2026. Previous close ₹546.35.
29 Oct: open ₹548.00, high ₹552.80, low ₹540.00
- Next results date: the board meets on 5 Nov 2026 to consider: financial results. The notice · Results calendar
- 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
- ₹12,051 Cr602nd 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
- No full year
- 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
- 6.86
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonesince listing in Jan 2026
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 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
- 93,52350.1% delivered
Amagi Media Labs' chairperson is Giridhar Sanjeevi and its managing director and CEO Baskar Subramanian, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 23 Sep 2026.
Amagi Media Labs 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
- ChairpersonGiridhar Sanjeevi
- Managing director and CEOBaskar Subramanian
- Company Secretary and Compliance OfficerSridhar Muthukrishnan
6 directors2 independent1 executive3 non-executive
- Giridhar Sanjeevi · ChairpersonIndependent · joined Feb 2025 · reappointed Feb 2025 · 19 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 3 as chair
- Baskar Subramanian · Managing director and CEOExecutive · joined Feb 2008 · reappointed Mar 2024 · 1 listed board · 2 committee seats
- Arunachalam Srinivasan KarapattuNon-executive · joined Feb 2008 · 1 listed board · 1 committee seat
- Ira GuptaIndependent · joined May 2025 · reappointed May 2025 · 17 months as independent · 4 listed boards · 4 as independent · 4 committee seats, 2 as chair
- Sandesh KaveripatnamNominee, non-executive · joined Jan 2024 · 1 listed board
- Shekhar H KiraniNominee, non-executive · joined Sep 2021 · 1 listed board
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 13 Aug 20265 of 6 present2 independent · 84 days in between
- 20 May 20266 of 6 present2 independent
Audit Committee
Chair Giridhar Sanjeevi
Ira Gupta, Baskar Subramanian
- 12 Aug 20263 of 3 present2 independent · 84 days in between
- 19 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Ira Gupta
Giridhar Sanjeevi, Sandesh Kaveripatnam
- 11 Jun 20262 of 3 present2 independent · 23 days in between
- 18 May 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Ira Gupta
Baskar Subramanian, Arunachalam Srinivasan Karapattu
No meeting listed in the filing.
Risk Management Committee
Chair Arunachalam Srinivasan Karapattu
Giridhar Sanjeevi, Baskar Subramanian
- 12 Aug 20263 of 3 present1 independent · 61 days in between
Corporate Social Responsibility Committee
Chair Baskar Subramanian
Ira Gupta, Arunachalam Srinivasan Karapattu
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.
- S.R. Batliboi & Associates LLPPeer-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.
Amagi Media Labs 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.
Annual general meeting, 23 Sep 2026
22,599 shareholders on the register on 17 Sep 2026; present: 2 promoters and 43 others; votes counted by Biswajit Ghosh / BMP & Co. LLP.The company's voting result
Receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Statutory Auditor thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 51.60% · promoters 100.00% · institutions 68.54% · other public 21.67%
- Receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2026, and the report of the Statutory Auditor thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 51.60% · promoters 100.00% · institutions 68.54% · other public 21.67%
- Re-appoint Mr. Shekhar Kirani Hanumanthasetty (DIN: 02384548) as a director liable to retire by rotation.Ordinary97.18% for2.82% against
Against: promoters 0.00% · institutions 5.40% · other public 0.00%
Turnout: all 51.60% · promoters 100.00% · institutions 68.54% · other public 21.67%
- Consider and approve the re-appointment of Mr. Baskar Subramanian (DIN: 02014529) as Managing Director and Chief Executive Officer of the Company.OrdinaryPromoters have an interest in it97.71% for2.29% against
Against: promoters 0.00% · institutions 4.38% · other public 0.00%
Turnout: all 51.60% · promoters 100.00% · institutions 68.54% · other public 21.67%
- Consider and approve the terms of remuneration payable to Mr. Baskar Subramanian (DIN: 02014529), Managing Director and Chief Executive Officer of the Company.SpecialPromoters have an interest in it99.97% for0.03% against
Against: promoters 0.00% · institutions 0.07% · other public 0.00%
Turnout: all 51.60% · promoters 100.00% · institutions 68.54% · other public 21.67%
- Appoint BMP and Co. LLP, Practicing Company Secretaries as the Secretarial Auditors of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 51.60% · promoters 100.00% · institutions 68.54% · other public 21.67%
- Approve reclassification of Authorised Share Capital and consequential alteration of Clause V of the Memorandum of Association of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 51.60% · promoters 100.00% · institutions 68.54% · other public 21.67%
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, 3 Apr 2026, 4 resolutions
18,565 shareholders on the register on 27 Feb 2026; votes counted by Biswajit Ghosh / BMP & Co. LLP.The company's voting result
- APPROVAL FOR ALTERATION OF THE ARTICLES OF ASSOCIATION OF THE COMPANYSpecial85.79% for14.21% against
Against: promoters 0.00% · institutions 17.25% · other public 16.68%
Turnout: all 84.72% · promoters 100.00% · institutions 84.28% · other public 0.07%
- RATIFICATION OF THE AMAGI EMPLOYEE STOCK OPTION PLAN 2025 OF AMAGI MEDIA LABS LIMITEDSpecial93.07% for6.93% against
Against: promoters 0.00% · institutions 8.41% · other public 33.78%
Turnout: all 84.72% · promoters 100.00% · institutions 84.28% · other public 0.07%
- RATIFICATION OF THE EXTENSION OF THE BENEFITS OF AMAGI EMPLOYEE STOCK OPTION PLAN 2025 TO THE EMPLOYEES OF SUBSIDIARY COMPANIES OF THE COMPANYSpecial93.07% for6.93% against
Against: promoters 0.00% · institutions 8.41% · other public 32.72%
Turnout: all 84.72% · promoters 100.00% · institutions 84.28% · other public 0.07%
- CONTRIBUTION OF FUNDS TOWARDS CHARITABLE PURPOSESOrdinary88.02% for11.98% against
Against: promoters 0.00% · institutions 14.54% · other public 22.18%
Turnout: all 84.72% · promoters 100.00% · institutions 84.28% · other public 0.07%
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.
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 23 Sep 2026, 12 fund houses
Receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Statutory Auditor thereon.MoreLess
12 for0 against- Receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2026, and the report of the Statutory Auditor thereon.12 for0 against
- Re-appoint Mr. Shekhar Kirani Hanumanthasetty (DIN: 02384548) as a director liable to retire by rotation.12 for0 against
- Consider and approve the re-appointment of Mr. Baskar Subramanian (DIN: 02014529) as Managing Director and Chief Executive Officer of the Company.12 for0 against
- Consider and approve the terms of remuneration payable to Mr. Baskar Subramanian (DIN: 02014529), Managing Director and Chief Executive Officer of the Company.12 for0 against
- Appoint BMP and Co. LLP, Practicing Company Secretaries as the Secretarial Auditors of the Company.12 for0 against
- Approve reclassification of Authorised Share Capital and consequential alteration of Clause V of the Memorandum of Association of the Company.12 for0 against
Mutual fund votes, meeting of 3 Apr 2026, 12 fund houses
- APPROVAL FOR ALTERATION OF THE ARTICLES OF ASSOCIATION OF THE COMPANY
Against Bandhan Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, PGIM India Mutual Fund, SBI Mutual Fund
- Bandhan Mutual Fund, Edelweiss Mutual FundCompliant with law. Governance concern: The combination of a low threshold (6%) and changing “top 2 investors” criteria may lead to Board instability and disproportionate rights. Special Rights to investors in the nature of Nomination of Director on the Board appear to be excessive w.r.t. the proposed minimum 6% shareholding thresholds.
- Baroda BNP Paribas Mutual FundThe proposed amendment to the Article of Association grants board nomination rights to the top 2 investors by shareholding, with a minimum threshold of 6% on a fully diluted basis. We believe that the threshold should be minimum 10%. Also, the criteria limited to top 2 investors may create a ratcheting mechanism for top shareholders to gain top 2 shareholder rank, which would lead to board instability. This is not in the best interests of the minority shareholders and institutional investors. Hence, we do not support the resolution.
- HDFC Mutual FundPrior to company’s IPO the promoters and certain investors: Accel India VI (Mauritius) Ltd., Accel Growth VI Holdings (Mauritius) Ltd., Trudy Holdings, AVP I Fund, Norwest Venture Partners X-Mauritius , PI Opportunities Fund-I, PI Opportunities Fund-II and PI Opportunities Fund-I Scheme II and General Atlantic Singapore AML PTE LTD, entered into a shareholding agreement (SHA). All rights under the SHA terminated upon listing of the company’s shares on the stock exchanges, except for the right to nominate directors on the board. Accordingly, the company proposes to delete Part B of the AoA and insert Article 64B to formalize this right. As per Article 64B, each of the top two investors by shareholding, shall be entitled to appoint one non-executive director on the board, provided the investor holds at least 6.0% shareholding on a fully diluted basis. The proposed threshold for board nomination is low. We do not support the resolution.
- ICICI Prudential Mutual FundThe proposed threshold for board nomination is at 6% (below 10% threshold) and hence AMC had voted against the resolution.
- PGIM India Mutual FundCompliant with law. Governance concern: The combination of a low threshold (6%) and changing top 2 investors criteria may lead to Board instability and disproportionate rights. Special Rights to investors in the nature of Nomination of Director on the Board appear to be excessive w.r.t. the proposed minimum 6% shareholding thresholds.
- SBI Mutual FundPrior to company’s IPO the promoters and certain investors: Accel India VI (Mauritius) Ltd., Accel Growth VI Holdings (Mauritius) Ltd., Trudy Holdings, AVP I Fund, Norwest Venture Partners X-Mauritius , PI Opportunities Fund-I, PI Opportunities Fund-II and PI Opportunities Fund-I Scheme II and General Atlantic Singapore AML PTE LTD, entered into a shareholding agreement (SHA). All rights under the SHA terminated upon listing of the company’s shares on the stock exchanges, except for the right to nominate directors on the board. Accordingly, the company proposes to delete Part B of the AoA and insert Article 64B to formalise this right. As per Article 64B, each of the top two investors by shareholding, shall be entitled to appoint one non-executive director on the board, provided the investor holds at least 6.0% shareholding on a fully diluted basis. The proposed threshold for board nomination is below our 10% threshold under our voting guidelines. We do not support the resolution.
5 for7 against - RATIFICATION OF THE AMAGI EMPLOYEE STOCK OPTION PLAN 2025 OF AMAGI MEDIA LABS LIMITED
Against Bandhan Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, PGIM India Mutual Fund
- Bandhan Mutual Fund, Edelweiss Mutual Fund, PGIM India Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations, 2021: The Company has not disclosed the Exercise Price/ Pricing Formula. The intent behind SEBI mandating disclosure of exercise price in the Notice, is that the shareholders could estimate the economic benefit proposed to be transferred to its employees during the course of time. Non-disclosure or authorizing NRC to decide such price defeats the purpose of SEBI requiring Companies to disclose such information.
- Baroda BNP Paribas Mutual FundThe company seeks approval for ratification of ESOP 2025 of the company and grant of stock options, under which up to 2,30,13,130 stock options may be granted. This will lead to a dilution of ~9.61% due to the proposed scheme. The units may be granted at a discount to the market price, since it is only disclosed that the exercise price would be greater than face value. However, there is no clarity on the maximum discount that may be granted. In the absence of objective disclosures regarding the exercise price, we do not support the resolution.
- HDFC Mutual FundLack of clarity on the pricing of ESOPs. We do not support the resolution.
- ICICI Prudential Mutual FundThe exercise price/formula under the scheme is unclear and hence AMC had voted against the resolution.
6 for6 against - RATIFICATION OF THE EXTENSION OF THE BENEFITS OF AMAGI EMPLOYEE STOCK OPTION PLAN 2025 TO THE EMPLOYEES OF SUBSIDIARY COMPANIES OF THE COMPANY
Against Bandhan Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, PGIM India Mutual Fund
- Bandhan Mutual Fund, PGIM India Mutual FundNo concern identified w.r.t the proposed extension of the benefits of the Scheme to the employees of the subsidiary companies. Non-compliant with SEBI (SBEB & SE) Regulations, 2021: However, SES identifies compliance concern as it is interlinked with Resolution #2.
- Baroda BNP Paribas Mutual FundSame rationale as resolution #2. As the resolution for ESOP 2025 is not supported, related resolutions cannot be supported.
- Edelweiss Mutual FundNo concern identified w.r.t the proposed extension of the benefits of the Scheme to the employees of the subsidiary companies. Non-compliant with SEBI (SBEB & SE) Regulations, 2021:
- HDFC Mutual FundLack of clarity on the pricing of ESOPs. We do not support the resolution.
- ICICI Prudential Mutual FundThe exercise price/formula under the scheme is unclear and hence AMC had voted against the resolution.
6 for6 against - CONTRIBUTION OF FUNDS TOWARDS CHARITABLE PURPOSES
Against Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, HDFC Mutual Fund, SBI Mutual Fund
- Baroda BNP Paribas Mutual FundThe company has reported losses in last 4 years. Charitable contributions above the regulatory limit, > 5% of avg. net profit for 3 preceding FY, cannot be viewed as a financially prudent decision.
- Edelweiss Mutual FundCompliant with law. Governance & Transparency Concern: Inadequate disclosure regarding the organization(s) to which the Company intends to donate. Charitable Contributions may not be financially prudent at present, given the consecutive losses incurred by the Company over the last few financial years.
- HDFC Mutual FundThe company proposes to undertake contributions towards education and other social initiatives, including a flagship programme in rural Tamil Nadu expected to benefit ~800 students annually. While the initiative addresses gaps in access to experiential learning, the rationale for the proposed aggregate contributions of up to Rs. 27.5 mn up to FY29, with an annual limit of Rs. 10.0 mn is unclear, given that the company has been reporting net losses since FY22. We believe companies should undertake charitable contributions within the 5% limit prescribed under Section 181. Alternatively, the company should prioritise returning value to shareholders once it generates profits, allowing shareholders to make charitable contributions as they deem appropriate. We do not support the resolution.
- SBI Mutual FundThe company proposes to undertake contributions towards education and other social initiatives, including a flagship programme in rural Tamil Nadu expected to benefit ~800 students annually. The initiative addresses gaps in access to experiential learning, the rationale for the proposed aggregate contributions of up to Rs. 27.5 mn up to FY29, with an annual limit of Rs. 10.0 mn is unclear, given that the company has been reporting net losses since FY22.We believe companies should undertake charitable contributions within the 5% limit prescribed under Section 181. Alternatively, the company should prioritise returning value to shareholders once it generates profits, allowing shareholders to make charitable contributions as they deem appropriate. We do not support the resolution.
8 for4 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines and tax disputes
Reported in the filing for the quarter to Sep 2026.
- Fine or penaltyOffice of the Chief Financial Officer, City of Portland (for Amagi Corporation, wholly owned subsidiary of the Company in the USA)Since 27 Jul 2026
Imposition of penalty on the outstanding tax liability for FY 2024–25 relating to the Metro supporting housing business tax.
The penalty of USD 27 was paid. - Fine or penaltyEmployment Security Department (ESD) (for Amagi Corporation, wholly owned subsidiary of the Company in the USA)Since 11 Jul 2026
Imposition of penalty for delay in payment of Unemployment Insurance tax return
Penalty of USD 10 paid for delayed payment of Unemployment Insurance tax return - Fine or penaltyEmployment Security Department (ESD) (for Amagi Corporation, wholly owned subsidiary of the Company in the USA)Since 29 Jul 2026
Imposition of penalty for delay in payment of Unemployment Insurance tax return
Penalty of USD 54.8 paid for delayed payment of Unemployment Insurance tax return - Fine or penaltyDepartment of Revenue (Reemployment Tax) - Florida (for Amagi Corporation, wholly owned subsidiary of the Company in the USA)Since 29 Jul 2026
Delay in filing of return
Penalty of USD 175 paid for delayed filing - Fine or penaltyInternal Revenue Service (for Amagi Corporation, wholly owned subsidiary of the Company in the USA)Since 25 Aug 2026
Imposition of penalty for late reporting
Penalty of USD 5,674 paid for late reporting - Fine or penaltyInternal Revenue Service (for Amagi Corporation, wholly owned subsidiary of the Company in the USA)Since 23 Sep 2026
Imposition of penalty for late reporting
Penalty of USD 261 paid for late reporting - Tax disputeDeputy Commissioner of Income Tax, International Taxation Circle 1 (1), BengaluruSince 18 Mar 2026The Company has submitted the grounds of appeal along with the supporting documents.At the filing before: Demand was raised for payment of tax along with interest under the Income Tax Act, 1961. The Company had filed an Appeal.
- Tax disputeDeputy Commissioner of Commercial Tax (Audit)Since 29 Apr 2026The Company has filed an appeal against the order before the Joint Commissioner of Commercial Taxes (Appeals)At the filing before: An Assessment order was issued by the office of Deputy Commissioner of Commercial Tax (Audit)
2 more
- Tax disputeIncome Tax Department and Deputy Commission of Income Tax, Circle 1(1)(1), BengaluruSince 21 Jan 2026The Company filed an appeal and attended the personal hearing, following which the matter was adjourned.At the filing before: An Assessment order was issued under the Income Tax Act, 1961 and the Company had filed an appeal.
- Tax disputeIncome Tax Department and Deputy Commission of Income Tax, Circle 1(1)(1), BengaluruSince 10 Oct 2024The Company has filed an appeal, and the personal hearing has been rescheduled.At the filing before: An Assessment order was issued under the Income Tax Act, 1961.
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Public IssuesJan 2026, checked by Crisil Ratings Limited | 816.00 | – | – | No |