Bajaj Finserv MD, chairman and AGM
NSE: BAJAJFINSVBSE: 532978FinanceLarge Cap
Share price at the NSE close on 29 Oct 2026. Previous close ₹1,652.40.
29 Oct: open ₹1,643.00, high ₹1,673.00, low ₹1,641.10
- Next results date: the board meets on 3 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
- ₹2,67,224 Cr27th 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
- 26.34
- 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
- 3.43
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.09%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 13.5%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Net interest margin in the glossary
- 8.00%
- Cost of fundsCost of funds. Interest paid ÷ the average of what the company pays interest on × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Cost of funds in the glossary
- 7.21%
- Credit costCredit cost. What was set aside for loans that may not be repaid ÷ average loans given × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Credit cost in the glossary
- 2.09%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026. Return on assets in the glossary
- 2.79%
- LeverageAssets per rupee of net worth. Average total assets ÷ average net worth: rupees of assets for each rupee of net worth; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Assets per rupee of net worth in the glossary
- 5.24times net worth
- 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
- 12,96,48061.8% delivered
Bajaj Finserv's chairperson and managing director is SANJIVNAYAN RAHULKUMAR BAJAJ, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 31 Jul 2026.
Bajaj Finserv 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 directorSANJIVNAYAN RAHULKUMAR BAJAJRelated to the promoter
- Company Secretary and Compliance OfficerMs. Uma Shende
8 directors5 independent1 executive2 non-executive
- SANJIVNAYAN RAHULKUMAR BAJAJ · Chairperson and managing directorExecutive · joined Apr 2007 · reappointed Apr 2022 · 6 listed boards · 5 committee seats
- NAUSHAD DARIUS FORBESIndependent · joined Sep 2017 · reappointed Sep 2022 · 108 months as independent · 6 listed boards · 6 as independent · 5 committee seats
- ANAMI NARAYAN ROYIndependent · joined Jan 2019 · reappointed Jan 2024 · 93 months as independent · 6 listed boards · 6 as independent · 8 committee seats, 3 as chair
- PRAMIT SHASHIKANT JHAVERIIndependent · joined May 2022 · reappointed May 2022 · 53 months as independent · 3 listed boards · 3 as independent · 2 committee seats
- RADHIKA HARIBHAKTIIndependent · joined May 2022 · reappointed May 2022 · 53 months as independent · 4 listed boards · 4 as independent · 10 committee seats, 4 as chair
- SANJIV NANDAN SAHAIIndependent · joined Mar 2025 · reappointed Mar 2025 · 19 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 1 as chair
- RAJEEV JAINNon-executive · joined Apr 2025 · reappointed Apr 2025 · 3 listed boards · 2 committee seats
- MANISH SANTOSHKUMAR KEJRIWALNon-executive · joined Jan 2019 · reappointed Jan 2019 · 4 listed boards · 2 as independent · 1 committee seat, 1 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- RAJIVNAYAN RAHULKUMAR BAJAJ, left 1 Aug 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 17 Sep 20268 of 8 present5 independent · 47 days in between
- 31 Jul 20268 of 9 present5 independent · 91 days in between
- 30 Apr 20268 of 9 present5 independent
Audit Committee
Chair SANJIV NANDAN SAHAI
RADHIKA HARIBHAKTI, PRAMIT SHASHIKANT JHAVERI, ANAMI NARAYAN ROY
- 31 Jul 20264 of 4 present4 independent · 91 days in between
- 30 Apr 20264 of 4 present4 independent
Nomination and remuneration committee
Chair ANAMI NARAYAN ROY
SANJIV NANDAN SAHAI, RADHIKA HARIBHAKTI, MANISH SANTOSHKUMAR KEJRIWAL
- 30 Apr 20264 of 4 present3 independent
Stakeholders Relationship Committee
Chair RADHIKA HARIBHAKTI
NAUSHAD DARIUS FORBES, SANJIVNAYAN RAHULKUMAR BAJAJ
No meeting listed in the filing.
Risk Management Committee
Chair PRAMIT SHASHIKANT JHAVERI
SANJIVNAYAN RAHULKUMAR BAJAJ, NAUSHAD DARIUS FORBES, SANJIV NANDAN SAHAI, ANISH PRAFUL AMIN
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair SANJIV NANDAN SAHAI
SANJIVNAYAN RAHULKUMAR BAJAJ, ANAMI NARAYAN ROY
- 30 Apr 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 Jun 2026.
- KKC & Associates LLP (formerly Khimji Kunverji & Co LLP)Peer-review certificate valid to Jul 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Bajaj Finserv 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.Bajaj Finserv dividend history
Annual general meeting, 31 Jul 2026
6,01,820 shareholders on the register on 24 Jul 2026; present: 62 promoters and 1,095 others; votes counted by Sachin Bhagwat / NA.The company's voting result
- To consider and adopt the standalone and consolidated financial statements of the Company for the financial year ended 31 March 2026, together with the Directors’ and Auditors’ Reports thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 81.25% · promoters 100.00% · institutions 88.72% · other public 25.04%
- To declare a dividend of Rs.1.50 per equity share of face value of Re. 1, for the financial year ended 31 March 2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 81.29% · promoters 100.00% · institutions 88.89% · other public 25.04%
To take note of the retirement of Rajiv Bajaj (DIN: 00018262), who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and, has expressed his intention not to seek re-appointment.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 81.28% · promoters 100.00% · institutions 88.89% · other public 25.03%
- To consider re-appointment of KKC & Associates LLP (Firm Registration Number: 105146W/ W100621), Chartered Accountants, as Statutory Auditors and fix their remuneration.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 81.29% · promoters 100.00% · institutions 88.89% · other public 25.04%
- Ratification of remuneration payable to Dhananjay V Joshi & Associates, Cost Auditor (Firm Registration Number: 000030) for FY2027.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 81.29% · promoters 100.00% · institutions 88.89% · other public 25.04%
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, 25 Jul 2025, 5 resolutions
6,91,784 shareholders on the register on 18 Jul 2025; present: 18 promoters and 356 others; votes counted by Sachin Bhagwat / NA.The company's voting result
- To consider and adopt the standalone and consolidated financial statements of the Company for the financial year ended 31 March 2025, together with the Directors’ and Auditors’ Reports thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 80.53% · promoters 99.82% · institutions 86.76% · other public 25.38%
- To declare a dividend of Re.1 per equity share of face value of Re.1 for the financial year ended 31 March 2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 80.54% · promoters 99.82% · institutions 86.82% · other public 25.39%
- To appoint a director in place of Manish Kejriwal (DIN: 00040055), who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.Ordinary99.47% for0.53% against
Against: promoters 0.00% · institutions 2.66% · other public 0.00%
Turnout: all 80.54% · promoters 99.82% · institutions 86.79% · other public 25.39%
- Ratification of remuneration payable to Dhananjay V Joshi & Associates, Cost Auditor (Firm Registration Number: 000030) for FY2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 80.53% · promoters 99.82% · institutions 86.78% · other public 25.39%
- To appoint M/s Makarand M. Joshi & Co., Practicing Company Secretaries as Secretarial Auditor of the Company for a term of five consecutive years.Ordinary99.94% for0.06% against
Against: promoters 0.00% · institutions 0.28% · other public 0.00%
Turnout: all 80.54% · promoters 99.82% · institutions 86.79% · other public 25.39%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 17 May 2025, 2 resolutions
7,21,428 shareholders on the register on 11 Apr 2025; votes counted by SHYAMPRASAD D LIMAYE / NA.The company's voting result
- Appointment of Sanjiv Nandan Sahai (DIN: 00860449) as an Independent Director for a term of five consecutive years w.e.f. 1 March 2025Special99.97% for0.03% against
Against: promoters 0.00% · institutions 0.15% · other public 0.00%
Turnout: all 80.70% · promoters 99.87% · institutions 84.52% · other public 26.93%
- Appointment of Rajeev Jain (DIN: 01550158) as a Non-executive and Non-independent Director of the Company w.e.f. 1 April 2025Ordinary99.76% for0.24% against
Against: promoters 0.00% · institutions 1.40% · other public 0.00%
Turnout: all 80.70% · promoters 99.87% · institutions 84.52% · other public 26.93%
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 Jul 2024, 4 resolutions
Present: 32 promoters and 258 others.
- To consider and adopt the standalone and consolidated financial statements of the Company for the financial year ended 31 March 2024, together with the Directors’ and Auditors’ Reports thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.01% · other public 0.00%
Turnout: all 80.36% · promoters 100.00% · institutions 84.59% · other public 26.44%
- To declare a dividend of Re. 1 per equity share of face value of Re. 1 for the financial year ended 31 March 2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 80.37% · promoters 100.00% · institutions 84.66% · other public 26.44%
- Madhur Bajaj (DIN: 00014593), director liable to retire by rotation, who does not seek re-election.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 80.36% · promoters 100.00% · institutions 84.63% · other public 26.44%
- Ratification of remuneration payable to Dhananjay V Joshi & Associates, Cost Auditor (Firm Registration Number: 000030) for FY2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 80.36% · promoters 100.00% · institutions 84.63% · other public 26.44%
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, 23 Mar 2024, 2 resolutions
- Modification to Bajaj Finserv Limited Employee Stock Option SchemeSpecial99.55% for0.45% against
Against: promoters 0.00% · institutions 2.93% · other public 0.45%
Turnout: all 77.96% · promoters 100.00% · institutions 70.48% · other public 26.56%
- Approval to extend the benefits and grant of options to the employee(s) of holding and/ or subsidiary company(ies) under the Bajaj Finserv Limited Employee Stock Option SchemeSpecial96.81% for3.19% against
Against: promoters 0.00% · institutions 22.21% · other public 0.96%
Turnout: all 77.94% · promoters 100.00% · institutions 70.34% · other public 26.56%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 7 Dec 2023, 1 resolution
- Re-appointment of Shri Anami N Roy (DIN: 01361110) as an Independent Director of the Company for a second term of five consecutive years w.e.f. 1 January 2024.Special95.73% for4.27% against
Against: promoters 0.00% · institutions 31.44% · other public 0.01%
Turnout: all 77.44% · promoters 100.00% · institutions 70.04% · other public 25.69%
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 Jul 2023, 4 resolutions
Present: 49 promoters and 602 others.
- To consider and adopt the standalone and consolidated financial statements of the Company for the financial year ended 31 March 2023, together with the Directors’ and Auditors’ Reports thereonOrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.16% · other public 0.00%
Turnout: all 78.58% · promoters 99.99% · institutions 83.33% · other public 29.88%
- To declare a dividend of Rs. 0.8 per equity share of face value of Re. 1 for the financial year ended 31 March 2023.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 78.60% · promoters 99.99% · institutions 83.44% · other public 29.88%
To appoint a director in place of Rajivnayan Rahulkumar Bajaj (DIN: 00018262), who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and, being eligible, offers himself for re-appointment.MoreLess
OrdinaryPromoters have an interest in it96.20% for3.80% againstAgainst: promoters 0.00% · institutions 31.47% · other public 0.00%
Turnout: all 78.60% · promoters 99.99% · institutions 83.44% · other public 29.88%
- Ratification of remuneration payable to Dhananjay V Joshi & Associates, Cost Auditor (Firm Registration Number: 000030) for FY2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 78.60% · promoters 99.99% · institutions 83.44% · other public 29.88%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 2 Sep 2022, 3 resolutions
- Sub-division of equity shares of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 73.47% · promoters 99.37% · institutions 80.24% · other public 5.62%
- Alteration of Capital Clause of the Memorandum of Association of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 73.47% · promoters 99.37% · institutions 80.24% · other public 5.62%
- Issue of Bonus SharesOrdinary98.73% for1.27% against
Against: promoters 0.00% · institutions 7.74% · other public 0.02%
Turnout: all 73.47% · promoters 99.37% · institutions 80.24% · other public 5.62%
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 31 Jul 2026, 39 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- To consider and adopt the standalone and consolidated financial statements of the Company for the financial year ended 31 March 2026, together with the Directors’ and Auditors’ Reports thereon.38 for0 against
- To declare a dividend of Rs.1.50 per equity share of face value of Re. 1, for the financial year ended 31 March 2026.38 for0 against
To take note of the retirement of Rajiv Bajaj (DIN: 00018262), who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and, has expressed his intention not to seek re-appointment.MoreLess
38 for0 against- To consider re-appointment of KKC & Associates LLP (Firm Registration Number: 105146W/ W100621), Chartered Accountants, as Statutory Auditors and fix their remuneration.38 for0 against
- Ratification of remuneration payable to Dhananjay V Joshi & Associates, Cost Auditor (Firm Registration Number: 000030) for FY2027.38 for0 against
5 proposals not matched to one resolution
- Item 1, as a fund house numbered it1 for0 against
- Item 2, as a fund house numbered it1 for0 against
- Item 3, as a fund house numbered it1 for0 against
- Item 4, as a fund house numbered it1 for0 against
- Item 5, as a fund house numbered it1 for0 against
Mutual fund votes, meeting of 25 Jul 2025, 35 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- To consider and adopt the standalone and consolidated financial statements of the Company for the financial year ended 31 March 2025, together with the Directors’ and Auditors’ Reports thereon.34 for0 against
- To declare a dividend of Re.1 per equity share of face value of Re.1 for the financial year ended 31 March 2025.34 for0 against
- To appoint a director in place of Manish Kejriwal (DIN: 00040055), who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.34 for0 against
- Ratification of remuneration payable to Dhananjay V Joshi & Associates, Cost Auditor (Firm Registration Number: 000030) for FY2026.34 for0 against
- To appoint M/s Makarand M. Joshi & Co., Practicing Company Secretaries as Secretarial Auditor of the Company for a term of five consecutive years.34 for0 against
5 proposals not matched to one resolution
- Item 1, as a fund house numbered it1 for0 against
- Item 2, as a fund house numbered it1 for0 against
- Item 3, as a fund house numbered it1 for0 against
- Item 4, as a fund house numbered it1 for0 against
- Item 5, as a fund house numbered it1 for0 against
Mutual fund votes, meeting of 17 May 2025, 34 fund houses
3 proposals
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Appointment of Sanjiv Nandan Sahai (DIN: 00860449) as an Independent Director for a term of five consecutive years w.e.f. 1 March 202534 for0 against
- Appointment of Rajeev Jain (DIN: 01550158) as a Non-executive and Non-independent Director of the Company w.e.f. 1 April 202533 for0 against
1 proposal not matched to one resolution
- Item 2, as a fund house numbered it1 for0 against
Mutual fund votes, meeting of 24 Jul 2024, 31 fund houses
8 proposals
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- To consider and adopt the standalone and consolidated financial statements of the Company for the financial year ended 31 March 2024, together with the Directors’ and Auditors’ Reports thereon.30 for0 against
- To declare a dividend of Re. 1 per equity share of face value of Re. 1 for the financial year ended 31 March 2024.30 for0 against
- Madhur Bajaj (DIN: 00014593), director liable to retire by rotation, who does not seek re-election.30 for0 against
- Ratification of remuneration payable to Dhananjay V Joshi & Associates, Cost Auditor (Firm Registration Number: 000030) for FY2025.30 for0 against
4 proposals not matched to one resolution
- Item 1, as a fund house numbered it1 for0 against
- Item 2, as a fund house numbered it1 for0 against
- Item 3, as a fund house numbered it1 for0 against
- Item 4, as a fund house numbered it1 for0 against
Mutual fund votes, meeting of 23 Mar 2024, 30 fund houses
3 proposals
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Modification to Bajaj Finserv Limited Employee Stock Option Scheme
Against Groww Mutual Fund, Kotak Mahindra Mutual Fund
- Groww Mutual FundCompliant with Law. Governance Concern: Scheme proposed to be extended to holding & Associate Companies without compelling reason.
- Kotak Mahindra Mutual FundNo issue is being identified in extending the scheme to the employees of its subsidiaries as there exists control of the company. However, the same cannot be argued in case of holding companies. Such umbrella approval for granting stock options to employees of Holding/ group / associates is not favoured unless compelling reasons are provided in order to adequately justify such additional cost burden. Moreover, the cost being reimbursed by the respective companies to whose employees the scheme is being extended to should be disclosed as well. Hence voting against.
27 for2 against - Approval to extend the benefits and grant of options to the employee(s) of holding and/ or subsidiary company(ies) under the Bajaj Finserv Limited Employee Stock Option Scheme
Against Bank of India Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, HSBC Mutual Fund, Invesco Mutual Fund, Kotak Mahindra Mutual Fund, NJ Mutual Fund, Sundaram Mutual Fund, Taurus Mutual Fund
- Bank of India Mutual Fund, DSP Mutual Fund, Sundaram Mutual Fund, Taurus Mutual FundThrough resolution #2, the company seeks to extend the grant of the ESOP scheme (BFS – ESOS), to eligible employees of its group companies including its holding company, subsidiary company(ies) and associates. While we support the extension of stock options to employees of unlisted subsidiaries, we do not support these to be extended to employees of group companies, associate companies and/or holding company.
- Edelweiss Mutual FundESOP for subsidiaries are not allowed
- Groww Mutual FundCompliant with Law. Governance Concern: Scheme proposed to be extended to holding & Associate Companies without compelling reason.
- HDFC Mutual FundWe do not support ESOPS granted to employees of group companies, associate companies or holding company.
- HSBC Mutual FundA vote AGAINST the following resolution is considered warranted because:• The proposal includes grant of stock options to employees of group, associate and holding companies withoutproper justification.
- Invesco Mutual FundThrough resolution #2, the company seeks to extend the grant of the ESOP scheme (BFS – ESOS), to eligible employees of its group companies including its holding company, subsidiary company(ies) and associates. While we support the extension of stock options to employees of unlisted subsidiaries, we do not support these to be extended to employees of group companies, associate companies and/or holding company
- Kotak Mahindra Mutual FundNo issue is being identified in extending the scheme to the employees of its subsidiaries as there exists control of the company. However, the same cannot be argued in case of holding companies. Such umbrella approval for granting stock options to employees of Holding/ group / associates is not favoured unless compelling reasons are provided in order to adequately justify such additional cost burden. Moreover, the cost being reimbursed by the respective companies to whose employees the scheme is being extended to should be disclosed as well. Hence voting against.
- NJ Mutual FundScheme proposed to be extended to Associate/Holding Company(ies) without compelling reason.
19 for11 against
1 proposal not matched to one resolution
- Item 1, as a fund house numbered it1 for0 against
Mutual fund votes, meeting of 7 Dec 2023, 26 fund houses
1 proposal
- Re-appointment of Shri Anami N Roy (DIN: 01361110) as an Independent Director of the Company for a second term of five consecutive years w.e.f. 1 January 2024.
Against HSBC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
- HSBC Mutual FundWe have concerns about overboarding.
- Motilal Oswal Mutual FundNo Concern identified with profile and attendance of the appointee. Governance Concern: Proposed re-appointment will lead to prolonged association with the Group.
- Nippon India Mutual FundProlonged Association
23 for3 against
Mutual fund votes, meeting of 27 Jul 2023, 25 fund houses
8 proposals
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- To consider and adopt the standalone and consolidated financial statements of the Company for the financial year ended 31 March 2023, together with the Directors’ and Auditors’ Reports thereon24 for0 against
- To declare a dividend of Rs. 0.8 per equity share of face value of Re. 1 for the financial year ended 31 March 2023.24 for0 against
To appoint a director in place of Rajivnayan Rahulkumar Bajaj (DIN: 00018262), who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and, being eligible, offers himself for re-appointment.MoreLess
Against HSBC Mutual Fund
- HSBC Mutual FundWe have concerns about insufficient independence on the board.
23 for1 against- Ratification of remuneration payable to Dhananjay V Joshi & Associates, Cost Auditor (Firm Registration Number: 000030) for FY2024.24 for0 against
4 proposals not matched to one resolution
- Item 1, as a fund house numbered it1 for0 against
- Item 2, as a fund house numbered it1 for0 against
- Item 3, as a fund house numbered it1 for0 against
- Item 4, as a fund house numbered it1 for0 against
Mutual fund votes, meeting of 2 Sep 2022, 24 fund houses
8 proposals
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Sub-division of equity shares of the Company23 for0 against
- Alteration of Capital Clause of the Memorandum of Association of the Company22 for0 against
- Issue of Bonus Shares7 for0 against
5 proposals not matched to one resolution
- Item 2, as a fund house numbered it1 for0 against
- Item 3, as a fund house numbered it1 for0 against
- Amend Capital Clause of the Memorandum of Association Re: Sub-Division of Equity Shares1 for0 against
Issuance of fully paid-up bonus equity shares of face value of Rs.1/-(bonus shares) to the Members of the Company in the proportion of 1 bonus share for every 1 equity share of face value of Rs. 1/- (i.e. as adjusted for sub-division of equity share) held as on such date as may be fixed by the Board for this purpose (‘record date’) the new bonus equity shares so issued and allotted shall, for all purposes, be treated as an increase in the paid-up capital of the Company held by each such Member.MoreLess
16 for0 againstSub-division of each existing equity share of face value of Rs. 5/- into Five (5) equity shares of face value of Rs. 1/- (Rupees One only) fully paid- up, on such date as may be fixed by the Board of Directors.MoreLess
1 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.