Deepak Fertilizers and Petrochemicals Corporation logo

Deepak Fertilizers and Petrochemicals Corporation MD, chairman and AGM

NSE: DEEPAKFERTBSE: 500645Chemicals & PetrochemicalsSmall Cap

Deepak Fertilizers and Petrochemicals Corporation Limited · Face value ₹10 · Listed Sep 1982 on BSE, Jan 2003 on NSE
Last close ₹1,100.20down ₹82.10 (6.94%)BSE ₹1,099.95

Share price at the NSE close on 30 Oct 2026. Previous close ₹1,182.30.

30 Oct: open ₹1,195.40, high ₹1,195.40, low ₹1,094.30

52-week range of traded prices to 30 Oct 2026
₹866.40Low, 23 Mar 2026₹1,681.00High, 4 Aug 2026
Market cap
₹13,889 Cr421st largest listed
P/E
14.11
P/B
2.03
Dividend yield
0.91%
ROE
15.0%
ROCE
12.3%
Debt to equity
0.74
Volume, NSE
4,37,71846.9% delivered

Deepak Fertilizers and Petrochemicals Corporation's chairperson and managing director is SAILESH CHIMANLAL MEHTA, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 1 Sep 2026.

Deepak Fertilizers and Petrochemicals Corporation 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 directorSAILESH CHIMANLAL MEHTARelated to the promoter

11 directors7 independent1 executive3 non-executive

  • SAILESH CHIMANLAL MEHTA · Chairperson and managing directorExecutive · joined Sep 1991 · reappointed Apr 2023 · 1 listed board
  • PARUL SAILESH MEHTANon-executive · joined Oct 2005 · reappointed Aug 2021 · 1 listed board · 1 committee seat
  • MADHUMILAN PARSHURAM SHINDENon-executive · joined Feb 2017 · reappointed Sep 2022 · 1 listed board · 5 committee seats
  • BHUWAN CHANDRA TRIPATHIIndependent · joined Feb 2020 · reappointed Feb 2023 · 79 months as independent · 1 listed board · 1 as independent · 4 committee seats, 3 as chair
  • SUJAL ANIL SHAHIndependent · joined Jun 2020 · reappointed Jun 2025 · 75 months as independent · 5 listed boards · 5 as independent · 7 committee seats, 4 as chair
  • JAYESH HIRJI SHAHIndependent · joined Dec 2021 · reappointed Dec 2024 · 57 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • SANJAY GUPTAIndependent · joined Feb 2023 · reappointed Feb 2026 · 44 months as independent · 1 listed board · 1 as independent
  • SITARAM JANARDAN KUNTEIndependent · joined Feb 2023 · reappointed Feb 2026 · 44 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 1 as chair
  • TERJE BAKKENIndependent · joined Feb 2023 · reappointed Feb 2026 · 43 months as independent · 1 listed board · 1 as independent
  • YESHIL SAILESH MEHTANon-executive · joined Jul 2026 · 3 months as independent · 1 listed board
  • PURVI MEHTA BHATTIndependent · joined Jan 2026 · 9 months as independent · 2 listed boards · 2 as independent

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

1 director who left
  • VARSHA VASANT PURANDARE, left 30 Jan 2026: Tenure Completion

Committees and meetings

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

  • Board

    • 30 Jul 202611 of 11 present7 independent · 62 days in between
    • 28 May 20269 of 10 present6 independent

  • Audit Committee

    Chair SUJAL ANIL SHAH

    MADHUMILAN PARSHURAM SHINDE, BHUWAN CHANDRA TRIPATHI, SITARAM JANARDAN KUNTE

    • 30 Sep 20264 of 4 present3 independent · 62 days in between
    • 29 Jul 20264 of 4 present3 independent · 62 days in between
    • 27 May 20264 of 4 present3 independent · 15 days in between
    • 11 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair BHUWAN CHANDRA TRIPATHI

    SUJAL ANIL SHAH, SITARAM JANARDAN KUNTE

    • 19 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair JAYESH HIRJI SHAH

    MADHUMILAN PARSHURAM SHINDE, PARUL SAILESH MEHTA

    No meeting listed in the filing.

  • Risk Management Committee

    Chair MADHUMILAN PARSHURAM SHINDE

    BHUWAN CHANDRA TRIPATHI, SUBHASH CHAND ANAND

    • 4 Jun 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair SITARAM JANARDAN KUNTE

    PARUL SAILESH MEHTA, MADHUMILAN PARSHURAM SHINDE

    • 15 Jul 20263 of 3 present1 independent

  • Project & Funding Committee

    Chair BHUWAN CHANDRA TRIPATHI

    SANJAY GUPTA, JAYESH HIRJI SHAH

    No meeting listed in the filing.

  • Manufacturing Operations Review Committee

    Chair BHUWAN CHANDRA TRIPATHI

    MADHUMILAN PARSHURAM SHINDE, SANJAY GUPTA

    • 15 Jul 20263 of 3 present2 independent · 56 days in between

  • Securities Issue Committee

    Chair JAYESH HIRJI SHAH

    SUJAL ANIL SHAH, SUBHASH CHAND ANAND

    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.

  • P G Bhagwat LLPPeer-review certificate valid to May 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.

Deepak Fertilizers and Petrochemicals Corporation 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.Deepak Fertilizers and Petrochemicals Corporation dividend history

Annual general meeting, 1 Sep 2026

1,80,094 shareholders on the register on 25 Aug 2026; present: 9 promoters and 55 others; votes counted by Mr. Ashish Garg / GDR & Partners LLP.

  1. To receive, consider and adopt the audited standalone financial statements and audited consolidated financial statements of the Company for the financial year ended 31st March, 2026 and 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 68.08% · promoters 99.99% · institutions 91.01% · other public 0.21%

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

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

    Turnout: all 68.12% · promoters 99.99% · institutions 91.15% · other public 0.21%

  3. To appoint a Director in place of Mr. Madhumilan Parshuram Shinde (DIN: 06533004), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
    Ordinary
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.71% · other public 0.04%

    Turnout: all 68.12% · promoters 99.99% · institutions 91.15% · other public 0.21%

  4. To re-appoint P G BHAGWAT LLP, Chartered Accountants (FRN: 101118W/ W100682), as the Statutory Auditors of the Company for a second term of 5 years.
    Ordinary
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.36% · other public 0.04%

    Turnout: all 68.12% · promoters 99.99% · institutions 91.15% · other public 0.21%

  5. Ratification and confirmation for payment of remuneration to M/s Harshad S. Deshpande & Associates, Cost Accountants (Registration No. 00378).
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 68.12% · promoters 99.99% · institutions 91.15% · other public 0.21%

  6. Appointment of Mr. Yeshil Sailesh Mehta (DIN: 07866312) as a Non-Executive Non-Independent Director of the Company.
    Ordinary
    99.65% for0.35% against

    Against: promoters 0.00% · institutions 1.05% · other public 0.55%

    Turnout: all 68.12% · promoters 99.99% · institutions 91.15% · other public 0.21%

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

Postal ballot, 29 Jan 2026, 4 resolutions

2,04,378 shareholders on the register on 26 Dec 2025; votes counted by MR. ASHISH GARG / GDR & PARTNERS LLP.The company's voting result

  1. Appointment of Dr. Purvi Mehta Bhatt (DIN: 01596457) as an Independent Woman Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.62%

    Turnout: all 64.65% · promoters 99.99% · institutions 79.92% · other public 0.19%

  2. Re-appointment of Mr. Sanjay Gupta (DIN: 05281731) as an Independent Director of the Company
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.08% · other public 2.70%

    Turnout: all 64.65% · promoters 99.99% · institutions 79.92% · other public 0.19%

  3. Re-appointment of Mr. Sitaram Kunte (DIN: 02670899) as an Independent Director of the Company
    Special
    99.29% for0.71% against

    Against: promoters 0.00% · institutions 2.43% · other public 2.63%

    Turnout: all 64.65% · promoters 99.99% · institutions 79.92% · other public 0.19%

  4. Re-appointment of Mr. Terje Bakken (DIN: 10044096) as an Independent Director of the Company
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.08% · other public 2.48%

    Turnout: all 64.65% · promoters 99.99% · institutions 79.92% · other public 0.19%

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

Annual general meeting, 9 Sep 2025, 5 resolutions

2,18,762 shareholders on the register on 2 Sep 2025; present: 5 promoters and 47 others; votes counted by Mr. Ashish Garg / CS ASHISH GARG.The company's voting result

  1. To receive, consider and adopt the audited standalone financial statements and audited consolidated financial statements of the Company for the financial year ended 31st March, 2025 and 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 0.16%

    Turnout: all 64.70% · promoters 100.00% · institutions 79.87% · other public 0.29%

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

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 64.81% · promoters 100.00% · institutions 80.34% · other public 0.29%

  3. To appoint a Director in place of Mrs. Parul Sailesh Mehta (DIN: 00196410), who retires by rotation at this Annual General Meeting and being eligible, offers herself for re-appointment
    Ordinary
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.78% · other public 0.53%

    Turnout: all 64.80% · promoters 100.00% · institutions 80.30% · other public 0.29%

  4. Ratification and confirmation for payment of remuneration to M/s Harshad S. Deshpande & Associates, Cost Accountants (Registration No. 00378)
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 64.80% · promoters 100.00% · institutions 80.30% · other public 0.29%

  5. To appoint GDR & Partners LLP, Company Secretaries, as Secretarial Auditors of the Company for a period of 5 (five) consecutive financial years i.e. from FY2025-26 up to FY2029-30, to conduct the Secretarial Audit of the CompanyMoreLess
    Ordinary
    99.12% for0.88% against

    Against: promoters 0.00% · institutions 3.00% · other public 0.51%

    Turnout: all 64.81% · promoters 100.00% · institutions 80.33% · other public 0.29%

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, 27 Jun 2025, 1 resolution

1,94,301 shareholders on the register on 23 May 2025; votes counted by Mr. Ashish Garg / CS ASHISH GARG.The company's voting result

  1. Re-appointment of Mr. Sujal Anil Shah (DIN: 00058019) as an Independent Director of the Company
    Special
    98.71% for1.29% against

    Against: promoters 0.00% · institutions 4.77% · other public 1.59%

    Turnout: all 62.69% · promoters 100.00% · institutions 73.98% · other public 0.43%

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, 24 Jan 2025, 1 resolution

2,00,404 shareholders on the register on 20 Dec 2024; votes counted by Mr. Ashish Garg / CS ASHISH GARG.The company's voting result

  1. Re-appointment of Mr. Jayesh Hirji Shah (DIN: 05011160) as an Independent Director of the Company
    Special
    91.08% for8.92% against

    Against: promoters 0.00% · institutions 38.57% · other public 0.58%

    Turnout: all 58.74% · promoters 98.47% · institutions 68.10% · other public 0.65%

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

Annual general meeting, 10 Sep 2024, 4 resolutions

Present: 7 promoters and 46 others.

  1. To receive, consider and adopt the audited standalone financial statements and audited consolidated financial statements of the Company for the financial year ended 31st March, 2024 and 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 0.19%

    Turnout: all 59.38% · promoters 100.00% · institutions 71.56% · other public 0.12%

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

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 59.43% · promoters 100.00% · institutions 71.81% · other public 0.12%

  3. To appoint a Director in place of Mr. Madhumilan Parshuram Shinde (DIN: 06533004), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
    Ordinary
    99.26% for0.74% against

    Against: promoters 0.00% · institutions 3.17% · other public 3.04%

    Turnout: all 59.43% · promoters 100.00% · institutions 71.81% · other public 0.12%

  4. To ratify and confirm the remuneration payable to M/s Harshad S. Deshpande & Associates, Cost Accountants as Cost Auditors of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.82%

    Turnout: all 59.43% · promoters 100.00% · institutions 71.81% · other public 0.12%

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, 1 resolution
  1. Re-appointment of Smt. Varsha Purandare (DIN: 05288076) as an Independent Woman Director of the Company
    Special
    99.61% for0.39% against

    Against: promoters 0.00% · institutions 2.43% · other public 7.25%

    Turnout: all 53.81% · promoters 100.00% · institutions 53.30% · other public 0.31%

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, 1 Sep 2023, 5 resolutions

Present: 7 promoters and 48 others.

  1. To receive, consider and adopt the audited financial statements and audited consolidated financial statements of the Company for the financial year ended 31st March, 2023 and the Reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    97.22% for2.78% against

    Against: promoters 0.00% · institutions 4.41% · other public 60.15%

    Turnout: all 54.60% · promoters 100.00% · institutions 50.71% · other public 4.90%

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

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

    Turnout: all 54.66% · promoters 100.00% · institutions 51.11% · other public 4.90%

  3. To appoint a Director in place of Smt. Parul Mehta (DIN: 00196410), who retires by rotation at this Annual General Meeting and being eligible, offers herself for re-appointment
    Ordinary
    97.22% for2.78% against

    Against: promoters 0.00% · institutions 4.38% · other public 60.17%

    Turnout: all 54.57% · promoters 99.79% · institutions 51.11% · other public 4.90%

  4. Ratification and confirmation for payment of remuneration to M/s Harshad S. Deshpande & Associates, Cost Accountants (Registration No. 00378)
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 54.66% · promoters 100.00% · institutions 51.11% · other public 4.90%

  5. Payment of Commission to Non-executive Directors of the Company
    Ordinary
    97.21% for2.79% against

    Against: promoters 0.00% · institutions 4.38% · other public 60.53%

    Turnout: all 54.66% · promoters 100.00% · institutions 51.11% · other public 4.89%

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 1 Sep 2026, 20 fund houses

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

  • To receive, consider and adopt the audited standalone financial statements and audited consolidated financial statements of the Company for the financial year ended 31st March, 2026 and the Reports of the Board of Directors and Auditors thereon.MoreLess
    19 for0 against
  • To declare dividend on equity shares for the financial year ended 31st March, 2026.
    19 for0 against
  • To appoint a Director in place of Mr. Madhumilan Parshuram Shinde (DIN: 06533004), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
    20 for0 against
  • To re-appoint P G BHAGWAT LLP, Chartered Accountants (FRN: 101118W/ W100682), as the Statutory Auditors of the Company for a second term of 5 years.
    20 for0 against
  • Ratification and confirmation for payment of remuneration to M/s Harshad S. Deshpande & Associates, Cost Accountants (Registration No. 00378).
    20 for0 against
  • Appointment of Mr. Yeshil Sailesh Mehta (DIN: 07866312) as a Non-Executive Non-Independent Director of the Company.
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Navi Mutual Fund, Shriram Mutual Fund, Zerodha Mutual Fund
    • Angel One Mutual FundGovernance concern: Holds two full-time positions.
    • Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, Shriram Mutual Fund, Zerodha Mutual FundCompliant with law. Governance concern: Holds two full-time positions.
    • HDFC Mutual FundThe appointment and remuneration of directors are closely interlinked. In the case of Mr. Yeshil Sailesh Mehta, a significant portion of his remuneration is paid through the subsidiary and therefore does not require shareholder approval at the listed-company level. This structure raises a governance concern, as it results in limited shareholder oversight over director compensation. Also, his remuneration is not commensurate with the size of the business. Accordingly, we do not support the resolution.
    13 for7 against
2 proposals not matched to one resolution
  • Adoption of standalone and consolidated financial statements for the year ended 31 March 2026
    1 for0 against
  • Declare final dividend of Rs. 10.0 per equity share of face value Rs. 10.0 each for FY26
    1 for0 against

Mutual fund votes, meeting of 29 Jan 2026, 21 fund houses

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

  • Appointment of Dr. Purvi Mehta Bhatt (DIN: 01596457) as an Independent Woman Director of the Company
    20 for0 against

    1 abstained

  • Re-appointment of Mr. Sanjay Gupta (DIN: 05281731) as an Independent Director of the Company
    20 for0 against
  • Re-appointment of Mr. Sitaram Kunte (DIN: 02670899) as an Independent Director of the Company
    20 for0 against

    1 abstained

  • Re-appointment of Mr. Terje Bakken (DIN: 10044096) as an Independent Director of the Company
    20 for0 against

    1 abstained

1 proposal not matched to one resolution
  • Item 2, as a fund house numbered it
    0 for0 against

    1 abstained

Mutual fund votes, meeting of 9 Sep 2025, 20 fund houses

5 proposals
  • To receive, consider and adopt the audited standalone financial statements and audited consolidated financial statements of the Company for the financial year ended 31st March, 2025 and the Reports of the Board of Directors and Auditors thereonMoreLess
    20 for0 against
  • To declare dividend on equity shares for the financial year ended 31st March, 2025
    20 for0 against
  • To appoint a Director in place of Mrs. Parul Sailesh Mehta (DIN: 00196410), who retires by rotation at this Annual General Meeting and being eligible, offers herself for re-appointment
    20 for0 against
  • Ratification and confirmation for payment of remuneration to M/s Harshad S. Deshpande & Associates, Cost Accountants (Registration No. 00378)
    20 for0 against
  • To appoint GDR & Partners LLP, Company Secretaries, as Secretarial Auditors of the Company for a period of 5 (five) consecutive financial years i.e. from FY2025-26 up to FY2029-30, to conduct the Secretarial Audit of the CompanyMoreLess
    Against Angel One 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 FundTransparency Concern: Remuneration of outgoing auditor not disclosed, thus, material change, if any, with proposed audit fee cannot be ascertained.
    • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of proposed Auditors. Transparency Concern: Remuneration of outgoing auditor not disclosed, thus, material change, if any, with proposed audit fee cannot be ascertained.
    14 for6 against

Mutual fund votes, meeting of 27 Jun 2025, 17 fund houses

1 proposal
  • Re-appointment of Mr. Sujal Anil Shah (DIN: 00058019) as an Independent Director of the Company
    17 for0 against

Mutual fund votes, meeting of 24 Jan 2025, 11 fund houses

1 proposal
  • Re-appointment of Mr. Jayesh Hirji Shah (DIN: 05011160) as an Independent Director of the Company
    Against Axis Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Axis Mutual FundJayesh Hirji Shah, 56, is co-founder of Juris Corp, a law firm for structured finance and restructuring. He practices law in the areas of corporate law, dispute resolution, M&A, private equity and insolvency & restructuring. He has expertise in banking and financial services. He has been on the board of Deepak Fertilisers & Petrochemicals Corporation Limited as Independent Director since 20 December 2021. He attended 86% (six out of seven) of board meetings held in FY24. While he is well-qualified, we note that as per related party disclosures, the company has been paying legal expenses to Juris Corp since FY22 (Rs. 0.3 mn in FY22, Rs. 0.3 mn in FY23 and Rs. 0.2 mn in FY24). Given the business relationship and potential conflict of interest, we do not support his reappointment as Independent Director. Further, shareholder approval for his reappointment should have been sought on or before the completion of his first term as Independent Director.
    • Bandhan Mutual Fund, Groww Mutual FundNo concern on Profile of the Director. Re-appointment not in accordance with the Companies Act, 2013: Prior approval of shareholders not obtained for appointment of second term as ID. Governance Concern: Non-material pecuniary relationship with the Company.
    • Mirae Asset Mutual FundAs per advisory recommendation (passive holding)
    • Motilal Oswal Mutual Fundnot in accordance with companies act
    • Nippon India Mutual FundPrior approval of shareholders not obtained.
    5 for6 against

Mutual fund votes, meeting of 10 Sep 2024, 12 fund houses

7 proposals

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

  • To receive, consider and adopt the audited standalone financial statements and audited consolidated financial statements of the Company for the financial year ended 31st March, 2024 and the Reports of the Board of Directors and Auditors thereon.MoreLess
    10 for0 against
  • To declare dividend on equity shares for the financial year ended 31st March, 2024
    10 for0 against
  • To appoint a Director in place of Mr. Madhumilan Parshuram Shinde (DIN: 06533004), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
    12 for0 against
  • To ratify and confirm the remuneration payable to M/s Harshad S. Deshpande & Associates, Cost Accountants as Cost Auditors of the Company.
    10 for0 against
3 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 23 Mar 2024, 8 fund houses

1 proposal
  • Re-appointment of Smt. Varsha Purandare (DIN: 05288076) as an Independent Woman Director of 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 FundNo concern on the merit of proposed appointee. Non-Compliance: Re-appointment is not accordance with law, no prior shareholder’s approval obtained for re-appointment as an ID.
    • Nippon India Mutual FundShareholder's approval not obtained on time for appointment of director
    4 for4 against

Mutual fund votes, meeting of 1 Sep 2023, 6 fund houses

9 proposals

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

  • To declare dividend on equity shares for the financial year ended 31st March, 2023
    1 for0 against
  • To appoint a Director in place of Smt. Parul Mehta (DIN: 00196410), who retires by rotation at this Annual General Meeting and being eligible, offers herself for re-appointment
    6 for0 against
  • Ratification and confirmation for payment of remuneration to M/s Harshad S. Deshpande & Associates, Cost Accountants (Registration No. 00378)
    6 for0 against
  • Payment of Commission to Non-executive Directors of the Company
    1 for0 against
5 proposals not matched to one resolution
  • 1) a) Adoption of Audited Standalone Financial Statements for the year ended March 31, 2023 and the reports of the Directors and Auditors thereon. B) Adoption of Audited Consolidated Financial Statements for the year ended March 31, 2023 and Auditors report thereon.MoreLess
    1 for0 against
  • Paying commission not exceeding one percent per annum of the net profits of the Company, calculated in accordance with the provisions of Section 198 of the Act, to be paid and distributed amongst the directors of the Company or some or any of them (other than the Managing Director and Whole-time Directors, and such payments shall be made in respect of the profits of the Company for each year for a period of five years commencing from 1st April 2024.MoreLess
    3 for0 against
  • Paying commission not exceeding one percent per annum of the net profits of the Company, calculated in accordance with the provisions of Section 198 of the Act, to be paid and distributed amongst the directors of the Company or some or any of them (other than the Managing Director and Whole-time Directors, if any) in such amounts, subject to such ceilings and in such manner and in such respects, as may be decided by the Board of Directors of the Company (hereinafter referred to as the Board, which term shall deem to include any Committee(s) constituted/to be constituted by the Board to exercise its powers conferred by this resolution) and such payments shall be made in respect of the profits of the Company for each year for a period of five years commencing from 1st April 2024.MoreLess
    2 for0 against
  • To consider and adopt: (a) The Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2023 and the reports of the Board of Directors and Auditors thereon. (b) The Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2023 and the report of Auditors thereon.MoreLess
    5 for0 against
  • To declare a dividend at the rate of Rs.10/- per equity share of Rs.10/- each fully paid-up of the Company for the financial year ended 31st March, 2023.
    5 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
2420Dec 242324Mar 251215Jun 252724Sep 252627Dec 252223Mar 262016Jun 263940Sep 26

Open at the quarter's end

4Dec 243Mar 250Jun 253Sep 251Dec 250Mar 264Jun 263Sep 26
At most 4 complaints open, quarter to Dec 2024.
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.