Anant Raj logo

Anant Raj CEO, chairman, board of directors and AGM

NSE: ANANTRAJBSE: 515055RealtySmall Cap

Anant Raj Limited · Formerly Anant Raj Industries · Face value ₹2 · Listed Jan 1990 on BSE, Sep 2006 on NSE
Last close ₹466.90up ₹8.05 (1.75%)BSE ₹467.10

Share price at the NSE close on 27 Oct 2026. Previous close ₹458.85.

27 Oct: open ₹460.20, high ₹477.00, low ₹457.00

52-week range of traded prices to 27 Oct 2026
₹403.00Low, 30 Mar 2026₹657.25High, 4 Nov 2025
Market cap
₹16,803 Cr362nd largest listed
P/E
29.04
P/B
2.90
Dividend yield
0.21%
ROE
11.6%
ROCE
9.8%
Debt to equity
0.10
Volume, NSE
16,68,82843.2% delivered

Anant Raj's chairperson and managing director is Amit Sarin and its chief executive Aman Sarin, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 7 Aug 2026.

Anant Raj 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 directorAmit Sarin
  • Chief executiveAman Sarin
  • Company Secretary and Compliance OfficerNeeraj Kumar

8 directors4 independent4 executive

  • Amit Sarin · Chairperson and managing directorExecutive · joined Jul 2009 · reappointed Jan 2026 · 1 listed board · 2 committee seats
  • Aman Sarin · Chief executiveExecutive · joined Jan 2021 · reappointed Jan 2026 · 1 listed board
  • Ashim SarinExecutive · joined Jan 2021 · reappointed Jan 2026 · 1 listed board
  • Anish SarinExecutive · joined May 2026 · reappointed May 2026 · 1 listed board
  • Veerayya Chowdary KosarajuIndependent · joined Jun 2023 · reappointed Jun 2023 · 39 months as independent · 5 listed boards · 5 as independent · 10 committee seats, 5 as chair
  • Rajendra Prasad SharmaIndependent · joined Jul 2025 · reappointed Jul 2025 · 15 months as independent · 1 listed board · 1 as independent
  • Rajesh TutejaIndependent · joined Jan 2021 · reappointed Jan 2026 · 69 months as independent · 4 listed boards · 4 as independent · 4 committee seats, 2 as chair
  • Kulpreet SondIndependent · joined Jan 2021 · reappointed Jan 2026 · 68 months as independent · 1 listed board · 1 as independent · 2 committee seats

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

Committees and meetings

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

  • Board

    • 8 Aug 20268 of 8 present4 independent · 17 days in between
    • 21 Jul 20268 of 8 present4 independent · 23 days in between
    • 27 Jun 20264 of 8 present2 independent · 46 days in between
    • 11 May 20267 of 7 present4 independent

  • Audit Committee

    Chair Rajesh Tuteja

    Amit Sarin, Kulpreet Sond

    • 8 Aug 20263 of 3 present2 independent · 17 days in between
    • 21 Jul 20263 of 3 present2 independent · 23 days in between
    • 27 Jun 20263 of 3 present2 independent · 46 days in between
    • 11 May 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Veerayya Chowdary Kosaraju

    Rajesh Tuteja, Kulpreet Sond

    • 11 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Rajesh Tuteja

    Amit Sarin, Kulpreet Sond

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Aman Sarin

    Amit Sarin, Rajendra Prasad Sharma, Kulpreet Sond

    • 8 Aug 20264 of 4 present2 independent · 41 days in between

  • Corporate Social Responsibility Committee

    Chair Amit Sarin

    Aman Sarin, Rajendra Prasad Sharma, Kulpreet Sond

    • 27 Jun 20263 of 4 present1 independent · 46 days in between

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.

  • RANJANA VANDANA & CO.Peer-review certificate valid to Sep 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.

Anant Raj 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.Anant Raj dividend history

Annual general meeting, 7 Aug 2026

3,56,173 shareholders on the register on 31 Jul 2026; present: 6 promoters and 43 others; votes counted by Priya Jindal / NA.The company's voting result

  1. To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    97.85% for2.15% against

    Against: promoters 0.00% · institutions 14.54% · other public 0.00%

    Turnout: all 69.23% · promoters 100.00% · institutions 65.69% · other public 5.84%

  2. To declare final dividend on equity shares for the financial year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 69.25% · promoters 100.00% · institutions 65.83% · other public 5.84%

  3. To appoint a Director in place of Sh. Aman Sarin (DIN: 00015887), who retires by rotation at this Annual General Meeting and being eligible offers himself for reappointment.
    OrdinaryPromoters have an interest in it
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.84% · other public 0.01%

    Turnout: all 69.18% · promoters 99.87% · institutions 65.83% · other public 5.84%

  4. To consider and approve the appointment of Sh. Anish Sarin as Director and Whole-time Director of the Company and fixation of his remuneration.
    OrdinaryPromoters have an interest in it
    97.43% for2.57% against

    Against: promoters 0.00% · institutions 14.07% · other public 0.01%

    Turnout: all 56.19% · promoters 77.25% · institutions 65.83% · other public 5.84%

  5. To consider and approve the increase in the limit of managerial remuneration payable to Sh. Amit Sarin, Managing Director of the Company.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 69.18% · promoters 99.87% · institutions 65.83% · other public 5.83%

  6. To consider and approve the increase in the limit of managerial remuneration payable to Sh. Aman Sarin, Whole-time Director and Chief Executive Officer of the Company.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 69.18% · promoters 99.87% · institutions 65.83% · other public 5.83%

  7. To consider and approve the increase in the limit of managerial remuneration payable to Sh. Ashim Sarin, Whole-time Director and Chief Operating Officer of the Company.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 56.12% · promoters 77.13% · institutions 65.83% · other public 5.83%

  8. To consider and approve the payment of Commission to Non-Executive Independent Directors of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 69.25% · promoters 100.00% · institutions 65.83% · other public 5.83%

  9. To ratify the remuneration payable to M/s Yogesh Gupta & Associates, Cost Auditors of the Company for the financial year 2026-27.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 69.25% · promoters 100.00% · institutions 65.83% · other public 5.84%

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, 23 Jul 2025, 11 resolutions

2,65,443 shareholders on the register on 16 Jul 2025; present: 6 promoters and 40 others; votes counted by PRIYA JINDAL / NOT APPLICABLE.The company's voting result

  1. To receive, consider and adopt the Audited Financial Statements (Standalone & Consolidated) of the Company for the financial year ended March 31, 2025, together with the reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 71.23% · promoters 100.00% · institutions 63.97% · other public 0.96%

  2. To declare final dividend on equity shares for the financial year ended March 31, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 71.25% · promoters 100.00% · institutions 64.12% · other public 0.96%

  3. To appoint a Director in place of Sh. Amit Sarin (DIN: 00015837), who retire by rotation at this Annual General Meeting and being eligible offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    97.00% for3.00% against

    Against: promoters 0.00% · institutions 19.56% · other public 0.16%

    Turnout: all 71.25% · promoters 100.00% · institutions 64.11% · other public 0.96%

  4. To ratify the remuneration payable to M/s Yogesh Gupta & Associates, Cost Auditors of the company for the financial year 2025-26
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 71.25% · promoters 100.00% · institutions 64.11% · other public 0.96%

  5. To consider and approve the re-appointment of Sh. Amit Sarin, Managing Director of the Company and fixation of his remuneration
    SpecialPromoters have an interest in it
    97.43% for2.57% against

    Against: promoters 0.00% · institutions 16.77% · other public 0.17%

    Turnout: all 71.25% · promoters 100.00% · institutions 64.11% · other public 0.96%

  6. To consider and approve the re-appointment of Sh. Aman Sarin, Whole-time Director and Chief Executive Officer of the Company and fixation of his remuneration
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.14%

    Turnout: all 71.25% · promoters 100.00% · institutions 64.11% · other public 0.96%

  7. To consider and approve the re-appointment of Sh. Ashim Sarin, Whole-time Director and Chief Operating Officer of the Company and fixation of his remuneration
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 71.25% · promoters 100.00% · institutions 64.11% · other public 0.96%

  8. To consider and approve the re-appointment of Sh. Rajesh Tuteja as Non-Executive Independent Director of the Company
    Special
    90.26% for9.74% against

    Against: promoters 0.00% · institutions 63.60% · other public 0.16%

    Turnout: all 71.25% · promoters 100.00% · institutions 64.11% · other public 0.96%

  9. To consider and approve the re-appointment of Mrs. Kulpreet Sond as Non-Executive Independent Director of the Company
    Special
    97.87% for2.13% against

    Against: promoters 0.00% · institutions 13.90% · other public 0.20%

    Turnout: all 71.25% · promoters 100.00% · institutions 64.11% · other public 0.96%

  10. To consider and approve the appointment of Sh. Rajendra Prasad Sharma as Non-Executive Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 71.25% · promoters 100.00% · institutions 64.11% · other public 0.96%

  11. To consider and approve the appointment of Ms. Priya Jindal, Practicing Company Secretary, as Secretarial Auditor of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.25% · promoters 100.00% · institutions 64.11% · other public 0.96%

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

Extraordinary general meeting, 3 Dec 2024, 2 resolutions

Present: 5 promoters and 43 others.

  1. To Approve the Raising of Funds by way of Qualified Institutions Placement to Eligible Investors through an Issuance of Securities by the Company
    Special
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.81% · other public 1.99%

    Turnout: all 69.66% · promoters 99.93% · institutions 48.75% · other public 0.26%

  2. Issuance of Fully Convertible Warrants on Preferential Basis to the Person belonging to 'Promoter Group' Category
    SpecialPromoters have an interest in it
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 1.15% · other public 3.58%

    Turnout: all 69.66% · promoters 99.93% · institutions 48.75% · other public 0.26%

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, 20 Jul 2024, 4 resolutions

Present: 5 promoters and 34 others.

  1. To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the financial year ended March 31, 2024, together with the reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 69.34% · promoters 99.93% · institutions 47.22% · other public 0.30%

  2. To declare final dividend on equity shares for the financial year ended March 31, 2024.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 69.37% · promoters 99.93% · institutions 47.38% · other public 0.30%

  3. To appoint a Director in place of Sh. Ashim Sarin (DIN: 00291515), who retire by rotation at this Annual General Meeting and being eligible offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    97.24% for2.76% against

    Against: promoters 0.00% · institutions 20.50% · other public 0.16%

    Turnout: all 69.37% · promoters 99.93% · institutions 47.38% · other public 0.30%

  4. To ratify the remuneration payable to M/s Yogesh Gupta & Associates, Cost Auditors of the company for the financial year 2024-25.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 69.37% · promoters 99.93% · institutions 47.38% · other public 0.30%

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

Extraordinary general meeting, 13 Jan 2024, 2 resolutions

Present: 4 promoters and 36 others.

  1. ISSUANCE OF EQUITY SHARES ON PREFERENTIAL BASIS TO THE PERSONSnBELONGING TO ‘PUBLIC’ CATEGORY
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 67.93% · promoters 99.93% · institutions 31.37% · other public 5.15%

  2. ISSUANCE OF FULLY CONVERTIBLE WARRANTS ON PREFERENTIAL BASISnTO THE PERSON BELONGING TO ‘PROMOTER GROUP’ CATEGORY
    SpecialPromoters have an interest in it
    97.84% for2.16% against

    Against: promoters 0.00% · institutions 44.02% · other public 0.01%

    Turnout: all 67.93% · promoters 99.93% · institutions 31.37% · other public 5.15%

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

Extraordinary general meeting, 14 Dec 2023, 1 resolution

Present: 5 promoters and 37 others.

  1. TO APPROVE THE RAISING OF FUNDS BY WAY OF QUALIFIED INSTITUTIONS PLACEMENT TO ELIGIBLE INVESTORS THROUGH AN ISSUANCE OF SECURITIES BY THEnCOMPANY
    Special
    100.00% for0.00% against

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

    Turnout: all 65.24% · promoters 99.93% · institutions 17.10% · 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, 5 Jul 2023, 5 resolutions

Present: 4 promoters and 40 others.

  1. To receive, consider and adopt the Audited Financial Statements (Standalone & Consolidated) of the Company for the financial year ended March 31, 2023 together with the reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.79% · promoters 99.92% · institutions 69.67% · other public 3.19%

  2. To declare final dividend on equity shares for the financial year ended March 31, 2023
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.81% · promoters 99.92% · institutions 69.85% · other public 3.19%

  3. To appoint a Director in place of Sh. Aman Sarin (DIN: 00015887), who retire by rotation at this Annual General Meeting and being eligible offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.10% · other public 0.01%

    Turnout: all 71.81% · promoters 99.92% · institutions 69.85% · other public 3.19%

  4. To ratify the remuneration payable to M/s Yogesh Gupta & Associates, Cost Auditors of the Company for the financial year 2023-24.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.81% · promoters 99.92% · institutions 69.85% · other public 3.19%

  5. To appoint Sh. Kosaraju Veerayya Chowdary (DIN: 08485334) as an Independent Director.
    Special
    100.00% for0.00% against

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

    Turnout: all 69.00% · promoters 99.92% · institutions 44.82% · other public 3.19%

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, 11 Jul 2022, 8 resolutions

Present: 2 promoters and 40 others.

  1. To receive, consider and adopt the Audited Financial Statements (Standalone & Consolidated) of the Company for the financial year ended March 31, 2022 together with the reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.32% · promoters 99.96% · institutions 77.93% · other public 11.80%

  2. To declare final dividend on equity shares for the financial year ended March 31, 2022.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.32% · promoters 99.96% · institutions 77.93% · other public 11.80%

  3. To appoint a Director in place of Sh. Amit Sarin (DIN:00015837), who retire by rotation at this Annual General Meeting and being eligible offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.19% for0.81% against

    Against: promoters 0.00% · institutions 15.86% · other public 0.02%

    Turnout: all 72.32% · promoters 99.96% · institutions 77.93% · other public 11.80%

  4. To appoint M/s Ranjana Vandana & Co., Chartered Accountants (Firm’s Registration No.: 008961C) as the Statutory Auditors of the Company and fix their remuneration.
    Ordinary
    99.19% for0.81% against

    Against: promoters 0.00% · institutions 15.86% · other public 0.03%

    Turnout: all 72.32% · promoters 99.96% · institutions 77.93% · other public 11.80%

  5. To ratify the remuneration payable to M/s Yogesh Gupta & Associates, Cost Auditors of the Company for the financial year 2022-23.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.32% · promoters 99.96% · institutions 77.93% · other public 11.80%

  6. To approve and increase in the limit of managerial remuneration payable to Sh. Amit Sarin, Managing Director.
    SpecialPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 7.24% · promoters 0.00% · institutions 77.93% · other public 11.80%

  7. To approve and increase in the limit of managerial remuneration payable to Sh. Aman Sarin , Whole Time Director and Chief Executive Officer.
    SpecialPromoters have an interest in it
    99.97% for0.03% against

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

    Turnout: all 7.24% · promoters 0.00% · institutions 77.93% · other public 11.80%

  8. To approve and increase in the limit of managerial remuneration payable to Sh. Ashim Sarin, Whole Time Director and Chief Operating Officer
    SpecialPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 7.24% · promoters 0.00% · institutions 77.93% · other public 11.80%

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 7 Aug 2026, 19 fund houses

  • To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and Auditors thereon.MoreLess
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund
    • Angel One Mutual FundGovernance concern: Material unaudited statements forming part of the consolidated financial statements of the Company.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundUnqualified Financial Statements (except certain non-material remarks identified in CARO report). Governance concern: Material unaudited statements forming part of the consolidated financial statements of the Company
    • Kotak Mahindra Mutual FundThe financial information of 3 subsidiaries and 1 jointly controlled entity, whose financials have been included in the Consolidated Financial Statements of the Company are unaudited. It is essential that the Principal Auditors audit a substantial portion of the company s financials. Transparency in this regard is critical to protecting shareholder interests. Unaudited financial statements forming part of the consolidated financial statements raises question over whether the financial statements of the Company reflect a true and fair view of the affairs of the Company. Hence, we do not favour the resolution.
    11 for8 against
  • To declare final dividend on equity shares for the financial year ended March 31, 2026.
    19 for0 against
  • To appoint a Director in place of Sh. Aman Sarin (DIN: 00015887), who retires by rotation at this Annual General Meeting and being eligible offers himself for reappointment.
    19 for0 against
  • To consider and approve the appointment of Sh. Anish Sarin as Director and Whole-time Director of the Company and fixation of his remuneration.
    Against DSP Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund
    • DSP Mutual Fund, Jio BlackRock Mutual FundAnish Sarin, 28, part of the promoter family and is proposed to be appointed as Whole Time Director. Public sources suggest that he has been associated with the company for the past six years. He holds a Bachelor of Arts (Honours) degree in Global Business Management from Regent’s University, London. He is to assist Ashim Sarin, COO, to oversee the phased rollout of data centre capacities across NCR and Haryana. The company proposes to fix his annual salary at Rs. 9.0 mn, commission at Rs. 3.5 mn in addition to any other perquisites, in accordance with company’s policies. We estimate his annual remuneration at Rs. 13.6 mn. The company must define performance metrics that determine variable pay. We note that Anish Sarin’s proposed remuneration is high compared to company’s other senior management personnel, despite him having less experience. We raise concern regarding the misalignment between proposed remuneration and relevant work experience. We further raise concern regarding the high promoter composition on the board at executive positions - four out of eight directors are promoters. We are unable to support the resolution because at 28 years of age and with less than ten years of relevant post-qualification work experience, his appointment as Executive Director does not align with our voting guidelines. We do not support the resolution.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    16 for3 against
  • To consider and approve the increase in the limit of managerial remuneration payable to Sh. Amit Sarin, Managing Director of the Company.
    19 for0 against
  • To consider and approve the increase in the limit of managerial remuneration payable to Sh. Aman Sarin, Whole-time Director and Chief Executive Officer of the Company.
    19 for0 against
  • To consider and approve the increase in the limit of managerial remuneration payable to Sh. Ashim Sarin, Whole-time Director and Chief Operating Officer of the Company.
    19 for0 against
  • To consider and approve the payment of Commission to Non-Executive Independent Directors of the Company.
    19 for0 against
  • To ratify the remuneration payable to M/s Yogesh Gupta & Associates, Cost Auditors of the Company for the financial year 2026-27.
    19 for0 against

Mutual fund votes, meeting of 23 Jul 2025, 16 fund houses

  • To receive, consider and adopt the Audited Financial Statements (Standalone & Consolidated) of the Company for the financial year ended March 31, 2025, together with the reports of the Board of Directors and Auditors thereonMoreLess
    16 for0 against
  • To declare final dividend on equity shares for the financial year ended March 31, 2025
    16 for0 against
  • To appoint a Director in place of Sh. Amit Sarin (DIN: 00015837), who retire by rotation at this Annual General Meeting and being eligible offers himself for re-appointment
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual Fund, Nippon India Mutual FundGovernance concern: Holding combined position of Chairman & Managing Director may lead to concentration of power in the hand of single person.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundRe-appointment compliant with law. No concern on the merits of proposed appointee. Governance concern: Holding combined position of Chairman & Managing Director may lead to concentration of power in the hand of single person.
    9 for7 against
  • To ratify the remuneration payable to M/s Yogesh Gupta & Associates, Cost Auditors of the company for the financial year 2025-26
    16 for0 against
  • To consider and approve the re-appointment of Sh. Amit Sarin, Managing Director of the Company and fixation of his remuneration
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual Fund, Nippon India Mutual FundGovernance concern: Holding combined position of Chairman & Managing Director may lead to concentration of power in the hand of single person.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundRe-appointment compliant with law. No concern on the merits of proposed appointee. Governance concern: Holding combined position of Chairman & Managing Director may lead to concentration of power in the hand of single person.
    9 for7 against
  • To consider and approve the re-appointment of Sh. Aman Sarin, Whole-time Director and Chief Executive Officer of the Company and fixation of his remuneration
    16 for0 against
  • To consider and approve the re-appointment of Sh. Ashim Sarin, Whole-time Director and Chief Operating Officer of the Company and fixation of his remuneration
    16 for0 against
  • To consider and approve the re-appointment of Sh. Rajesh Tuteja as Non-Executive Independent Director of the Company
    Against Aditya Birla Sun Life Mutual Fund, Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund
    • Aditya Birla Sun Life Mutual Fund, SBI Mutual FundRajesh Tuteja, 64, is a retired Indian Revenue Service Officer and has served as the Director General of Income Tax until 2020. He has more than three decades of experience in administrative roles, particularly in the areas of income tax management, investigations, and intelligence. He has been on the board as an Independent Director since 1 January 2021. The company proposes to reappoint him as an Independent Director for a second term of five years from 1 January 2026. He has attended four out of six board meetings in FY25 (67%) and has attended 13 out of 23 board meetings in the last three financial years (57%). We expect directors to attend all board meetings or at least 75% of the board meetings in the last three financial years. Given the low attendance levels, we do not support Rajesh Tuteja’s reappointment.
    • Angel One Mutual Fund, Nippon India Mutual FundGovernance concern: Low attendance at board meetings.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of proposed appointee. Governance concern: Low attendance at board meetings.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    6 for10 against
  • To consider and approve the re-appointment of Mrs. Kulpreet Sond as Non-Executive Independent Director of the Company
    Against HDFC Mutual Fund, Mirae Asset Mutual Fund, SBI Mutual Fund
    • HDFC Mutual FundMs. Kulpreet Sond, 50, is the founder of Yashkul Creations. She is an academic and visual arts educator with nearly three decades of teaching experience. She has been on the board as an Independent Director since 25 January 2021. We do not support reappointment due to poor board attendance over the last three years. We do not support the resolution.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • SBI Mutual FundMs. Kulpreet Sond, 50, is the founder of Yashkul Creations. She is an academic and visual arts educator with nearly three decades of teaching experience. She has been on the board as an Independent Director since 25 January 2021. The company proposes to reappoint her as an Independent Director for five years from 25 January 2026. She has attended five out of six board meetings in FY25 (83%). However, since her appointment to the board she has attended only 16 out 34 board meetings (47%). We do not support the reappointment of directors in cases where board meeting attendance levels shore up largely in the year of reappointment, but have been low for the rest of the term. Given the poor attendance levels since her initial appointment to the board, we are unable to support her reappointment.
    13 for3 against
  • To consider and approve the appointment of Sh. Rajendra Prasad Sharma as Non-Executive Independent Director of the Company
    16 for0 against
  • To consider and approve the appointment of Ms. Priya Jindal, Practicing Company Secretary, as Secretarial Auditor of the Company
    16 for0 against

Mutual fund votes, meeting of 3 Dec 2024, 15 fund houses

2 proposals
  • To Approve the Raising of Funds by way of Qualified Institutions Placement to Eligible Investors through an Issuance of Securities by the Company
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Excessive dilution; no justification for not opting for Rights Issue. There doesn’t appear to be any urgent need of funds.
    • Nippon India Mutual FundNo urgent need of funds.
    11 for4 against
  • Issuance of Fully Convertible Warrants on Preferential Basis to the Person belonging to 'Promoter Group' Category
    Against Bandhan Mutual Fund, Groww Mutual Fund, ICICI Prudential Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with the law. Governance concern: Warrants being priced based on formula to price equity shares as per SEBI ICDR despite both being different instruments. No urgent need of funds.
    • ICICI Prudential Mutual FundIssuance of fully convertible warrants on preferential basis to the persons belonging to promoter group category. The resolution is to approve preferential issuance of 1,369,863 fully convertible warrants at Rs.730 each aggregating to ~Rs.999.9 mn to Ashok Sarin Anant Raj LLP, part of promoter group for cash consideration. Warrants offered to promoters give them the option to ride the stock price for 18 months. We prefer promoters and promoter groups to participate in a preferential issue of equity, wherein equity is brought in upfront, rather than through the warrants route. Hence, the AMC has voted against the resolution.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Navi Mutual Fund, SBI Mutual FundThe funds raised will be utilized towards repayment or pre-payment of outstanding borrowings and towards general corporate purposes. The dilution post conversion of all warrants would be ~0.39% and the total dilution (including issue of equity and equity linked instruments through QIP in resolution 1) will be ~8.31% for existing shareholders. The allottee for warrants - Ashok Sarin Anant Raj LLP is a part of the promoter group. In case of warrants, 25% of the conversion price is paid upfront, with an option to convert the warrants into equity shares anytime during the next 18 months. The remaining 75% is paid upon conversion (within 18 months) – the allottee may choose not to subscribe to the warrants in which case, the 25% amount paid is forfeited, this could have material implications for the company’s long-term plans and working capital requirements. Warrants to promoters give them the option to ride the stock price for 18 months. We encourage promoters and promoter groups to participate in a preferential issue of equity, where the equity is brought in upfront, rather than through the warrants route. Therefore, we do not support the resolution.
    • Nippon India Mutual FundNo urgent need of funds.
    7 for8 against

Mutual fund votes, meeting of 20 Jul 2024, 7 fund houses

4 proposals
  • To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the financial year ended March 31, 2024, together with the reports of the Board of Directors and Auditors thereon.MoreLess
    7 for0 against
  • To declare final dividend on equity shares for the financial year ended March 31, 2024.
    7 for0 against
  • To appoint a Director in place of Sh. Ashim Sarin (DIN: 00291515), who retire by rotation at this Annual General Meeting and being eligible offers himself for re-appointment.
    7 for0 against
  • To ratify the remuneration payable to M/s Yogesh Gupta & Associates, Cost Auditors of the company for the financial year 2024-25.
    7 for0 against

Mutual fund votes, meeting of 13 Jan 2024, 3 fund houses

4 proposals

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

  • ISSUANCE OF EQUITY SHARES ON PREFERENTIAL BASIS TO THE PERSONSnBELONGING TO ‘PUBLIC’ CATEGORY
    2 for0 against
  • ISSUANCE OF FULLY CONVERTIBLE WARRANTS ON PREFERENTIAL BASISnTO THE PERSON BELONGING TO ‘PROMOTER GROUP’ CATEGORY
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance Concern: Price of Warrants almost at par with equity shares
    0 for2 against
2 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
    Against Taurus Mutual Fund
    • Taurus Mutual FundThe funds raised will be utilized towards repayment or pre-payment of outstanding borrowings and towards general corporate purposes. The dilution post conversion of all warrants would be 0.82% (including issue of equity in resolution 1). The allottee for warrants - Ashok Sarin Anant Raj LLP is a part of the promoter group. In case of warrants, 25% of the conversion price is paid upfront, with an option to convert the warrants into equity shares anytime during the next 18 months. The remaining 75% is paid upon conversion (within 18 months) – the allottee may choose not to subscribe to the warrants in which case, the 25% amount paid is forfeited, this could have material implications for the company’s long-term plans and working capital requirements. Warrants to promoters give them the option to ride the stock price for 18 months. We encourage promoters and promoter groups to participate in a preferential issue of equity, where the equity is brought in upfront, rather than through the warrants route.
    0 for1 against

Mutual fund votes, meeting of 14 Dec 2023, 3 fund houses

2 proposals

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

  • TO APPROVE THE RAISING OF FUNDS BY WAY OF QUALIFIED INSTITUTIONS PLACEMENT TO ELIGIBLE INVESTORS THROUGH AN ISSUANCE OF SECURITIES BY THEnCOMPANY
    1 for0 against
1 proposal not matched to one resolution
  • To create, offer, issue and allot (including with provisions for reservations on firm and/ or competitive basis, for such part of issue and for such categories of persons as may be permitted by applicable law), such number of fully paid-up Equity Shares, and/or convertible securities (including warrants, or otherwise, in registered or bearer form) (all of which are hereinafter referred to as Securities) or any combination of the Securities thereof in accordance with the applicable laws, in such manner in consultation with the lead managers / book running lead manager(s) and/or other advisor(s) or otherwise, for an aggregate consideration not exceeding Rs.500 crores only.MoreLess
    2 for0 against

Mutual fund votes, meeting of 5 Jul 2023, 1 fund house

5 proposals
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, 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

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

Stakes in unlisted companies

Reported in the filing for the quarter to Sep 2026.

  • Unlisted stake heldAshok Cloud LimitedSince 21 Jul 2026

    0.00% bought in the quarter; holding 100.00%, from 100.00%

Investor complaints and compliance

Quarter by quarter.

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

  • Received
  • Resolved
55Dec 2466Mar 2566Jun 2555Sep 2566Dec 2588Mar 261010Jun 2666Sep 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
No
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.