Edelweiss Financial Services CEO, chairman, board of directors and AGM
NSE: EDELWEISSBSE: 532922FinanceSmall Cap
Share price at the NSE close on 27 Oct 2026. Previous close ₹122.91.
27 Oct: open ₹122.60, high ₹125.00, low ₹121.60
- 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
- ₹11,624 Cr532nd 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
- 19.31
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: 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, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹99 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 16.59
- 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
- 2.51
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.22%
- 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.
- 13.3%
- ROE without one-offsReturn on equity without one-off items. Core profit, 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 less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹99 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 15.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 11.3%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 3.11
- 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
- 35,79,32060.9% delivered
Edelweiss Financial Services' chairperson and managing director and CEO is Rashesh Shah, as filed for the quarter to Jun 2026. Its latest annual general meeting was on 28 Sep 2026.
Edelweiss Financial Services board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing director and CEORashesh ShahRelated to the promoter
- Company Secretary and Compliance OfficerTarun Khurana
7 directors4 independent1 executive2 non-executive
- Rashesh Shah · Chairperson and managing director and CEOExecutive · joined Nov 1995 · reappointed Apr 2025 · 1 listed board · 1 committee seat
- Venkatchalam RamaswamyNon-executive · joined Feb 1996 · reappointed May 2025 · 1 listed board
- Vidya ShahNon-executive · joined Aug 2014 · reappointed Aug 2014 · 2 listed boards · 1 as independent · 3 committee seats, 1 as chair
- Ashima GoyalIndependent · joined Apr 2019 · reappointed Apr 2022 · 87 months as independent · 2 listed boards · 2 as independent · 2 committee seats
- Shiva KumarIndependent · joined Aug 2022 · reappointed Aug 2022 · 47 months as independent · 1 listed board · 1 as independent · 6 committee seats, 4 as chair
- C BalagopalIndependent · joined Aug 2024 · reappointed Aug 2024 · 23 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Rajiv JalotaIndependent · joined Apr 2026 · reappointed Apr 2026 · 2 months as independent · 3 listed boards · 3 as independent · 7 committee seats, 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
- Ashok Kini, left 30 Apr 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 30 Apr 20266 of 7 present3 independent · 78 days in between
- 10 Feb 20266 of 7 present3 independent
Audit Committee
Chair Shiva Kumar
Ashima Goyal, C Balagopal
- 30 Apr 20262 of 3 present2 independent · 78 days in between
- 10 Feb 20262 of 3 present2 independent
Nomination and remuneration committee
Vidya Shah, Shiva Kumar, C Balagopal
- 29 Apr 20262 of 3 present1 independent
Stakeholders Relationship Committee
Chair Shiva Kumar
Rashesh Shah, Rajiv Jalota
- 30 Apr 20262 of 3 present1 independent
Risk Management Committee
Shiva Kumar, Vidya Shah, Ashima Goyal, Rajiv Jalota
- 30 Apr 20262 of 3 present1 independent · 78 days in between
- 10 Feb 20262 of 3 present1 independent
Corporate Social Responsibility Committee
Rashesh Shah, Vidya Shah, Shiva Kumar
- 30 Apr 20262 of 3 present1 independent
Committee of Independent Directors
- 30 Apr 20263 of 4 present3 independent
Compensation (ESOP) Committee
- 28 May 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.
- M/S Nangia & Co LLPPeer-review certificate valid to Apr 2027
1 earlier auditor
- Nangia & Co. LLPNamed in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Edelweiss Financial Services 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.Edelweiss Financial Services dividend history
Annual general meeting, 28 Sep 2026
3,86,163 shareholders on the register on 22 Sep 2026; present: 3 promoters and 78 others; votes counted by SURESH VISHWANATHAN / SVVS & ASSOCIATES COMPANY SECRETARIES LLP.The company's voting result
To consider and adopt: - a) the audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Board and the Auditors thereon; and b) the audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon.MoreLess
Ordinary99.96% for0.04% againstAgainst: promoters 0.00% · institutions 0.10% · other public 0.00%
Turnout: all 47.36% · promoters 69.38% · institutions 76.37% · other public 12.31%
- To declare dividend on Equity SharesOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 47.38% · promoters 69.38% · institutions 76.47% · other public 12.31%
- To appoint a Director in place of Ms. Vidya Shah (DIN: 00274831), who retires by rotation and, being eligible, offered herself for re-appointment.OrdinaryPromoters have an interest in it99.58% for0.42% against
Against: promoters 0.00% · institutions 0.98% · other public 0.01%
Turnout: all 47.38% · promoters 69.38% · institutions 76.47% · other public 12.31%
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.
Postal ballot, 14 Jun 2026, 1 resolution
3,69,554 shareholders on the register on 8 May 2026; votes counted by Suresh Vishwanathan / SVVS & Associates Company Secretaries LLP.The company's voting result
- Appointment of Mr. Rajiv Jalota (DIN: 00152021) as an Independent DirectorSpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.06% · other public 0.07%
Turnout: all 52.53% · promoters 100.00% · institutions 58.12% · other public 12.56%
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, 4 Apr 2026, 1 resolution
3,84,044 shareholders on the register on 27 Feb 2026; votes counted by Suresh Vishwanathan / SVVS & Associates Company Secretaries LLP.The company's voting result
- Approval of Disposal of equity shares and ceding control over a Material SubsidiarySpecial99.41% for0.59% against
Against: promoters 0.00% · institutions 1.75% · other public 0.05%
Turnout: all 57.99% · promoters 99.98% · institutions 74.83% · other public 15.82%
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, 26 Sep 2025, 4 resolutions
2,78,942 shareholders on the register on 20 Sep 2025; present: 7 promoters and 69 others; votes counted by SURESH VISHWANATHAN / SVVS & ASSOCIATES COMPANY SECRETARIES LLP.The company's voting result
To receive, consider and adopt:- a) the audited financial statements of the Company for the financial year ended March 31, 2025, together with the Report of the Board and the Auditors thereon. B) the audited Consolidated financial statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 54.42% · promoters 99.37% · institutions 65.12% · other public 12.92%
- To declare dividend on Equity Shares.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 54.47% · promoters 99.37% · institutions 65.32% · other public 12.92%
- To appoint a Director in place of Mr. Rashesh Shah (DIN: 00008322), who retires by rotation and being eligible, offered himself for re-appointment.OrdinaryPromoters have an interest in it99.16% for0.85% against
Against: promoters 0.00% · institutions 2.78% · other public 0.00%
Turnout: all 54.47% · promoters 99.37% · institutions 65.32% · other public 12.92%
- To appoint Secretarial Auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 54.47% · promoters 99.37% · institutions 65.32% · other public 12.92%
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, 6 Jul 2025, 2 resolutions
2,67,316 shareholders on the register on 30 May 2025; votes counted by Suresh Vishwanathan / SVVS & Associates Company Secretaries LLP.The company's voting result
- Appointment of Mr. Venkatchalam Ramaswamy (DIN: 00008509) as Non-executive DirectorOrdinary99.76% for0.24% against
Against: promoters 0.00% · institutions 0.68% · other public 0.06%
Turnout: all 56.72% · promoters 95.87% · institutions 69.37% · other public 14.07%
- Payment of remuneration to the Independent DirectorsOrdinary99.92% for0.08% against
Against: promoters 0.00% · institutions 0.19% · other public 0.08%
Turnout: all 56.71% · promoters 95.87% · institutions 69.36% · other public 14.07%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 27 Sep 2024, 4 resolutions
Present: 9 promoters and 81 others.
- To consider and adopt the standalone and consolidated financial statements for the financial year ended March 31, 2024, together with the Report of the Board and the Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 55.21% · promoters 98.37% · institutions 54.57% · other public 16.85%
- To declare dividend on Equity Shares.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 55.24% · promoters 98.37% · institutions 54.67% · other public 16.85%
- To appoint a Director in place of Mr. Venkatchalam Ramaswamy (DIN: 00008509), who retires by rotation and, being eligible, offered himself for re-appointment.Ordinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.15% · other public 0.01%
Turnout: all 55.24% · promoters 98.37% · institutions 54.67% · other public 16.85%
- To appoint Mr. C. Balagopal (DIN: 00430938) as an Independent DirectorSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.02% · other public 0.01%
Turnout: all 55.24% · promoters 98.37% · institutions 54.67% · other public 16.85%
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, 26 Sep 2023, 8 resolutions
Present: 6 promoters and 93 others.
To consider and adopt :-na) the audited Financial Statements of the Company for the financial year ended March 31, 2023, together with the Report of the Board and the Auditors thereon; andnnb) the audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023, together with the Report of the Auditors thereon.nMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 66.89% · promoters 99.68% · institutions 81.31% · other public 22.36%
- To declare dividend on Equity SharesOrdinary99.73% for0.27% against
Against: promoters 0.00% · institutions 0.64% · other public 0.15%
Turnout: all 67.05% · promoters 99.68% · institutions 81.81% · other public 22.36%
- To appoint a Director in place of Ms. Vidya Shah (DIN: 00274831), who retires by rotation and, being eligible, offered herself for re-appointment.Ordinary85.90% for14.10% against
Against: promoters 0.00% · institutions 35.48% · other public 0.10%
Turnout: all 67.05% · promoters 99.68% · institutions 81.81% · other public 22.36%
- To resolve not to fill the vacancy caused by the retirement of Mr. Himanshu Kaji (DIN: 00009438) who retires by rotation at this Meeting, being eligible, has not offered himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 67.05% · promoters 99.68% · institutions 81.81% · other public 22.36%
- Appointment of Statutory AuditorsOrdinary92.03% for7.97% against
Against: promoters 0.00% · institutions 20.07% · other public 0.01%
Turnout: all 67.05% · promoters 99.68% · institutions 81.81% · other public 22.36%
- Approval for entering into Material Related Party TransactionsOrdinaryPromoters have an interest in it60.23% for39.77% against
Against: promoters 0.00% · institutions 46.80% · other public 0.31%
Turnout: all 31.38% · promoters 0.00% · institutions 81.81% · other public 13.69%
- Approval for pledging/charging/disposing of asset(s) by the Material SubsidiarySpecial81.07% for18.93% against
Against: promoters 0.00% · institutions 47.62% · other public 0.16%
Turnout: all 67.05% · promoters 99.68% · institutions 81.81% · other public 22.36%
- Alteration of the Articles of AssociationSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 67.04% · promoters 99.68% · institutions 81.81% · other public 22.33%
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.
Meeting called by the tribunal, 24 Feb 2023, 1 resolution
Present: 8 promoters and 54 others.
- Approval of the Scheme of Arrangement between Edelweiss Financial Services Limited and Nuvama Wealth Management Limited and their respective Shareholders and Creditors.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 69.58% · promoters 99.98% · institutions 91.80% · other public 18.42%
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 28 Sep 2026, 8 fund houses
To consider and adopt: - a) the audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Board and the Auditors thereon; and b) the audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon.MoreLess
8 for0 against- To declare dividend on Equity Shares8 for0 against
- To appoint a Director in place of Ms. Vidya Shah (DIN: 00274831), who retires by rotation and, being eligible, offered herself for re-appointment.8 for0 against
Mutual fund votes, meeting of 14 Jun 2026, 9 fund houses
- Appointment of Mr. Rajiv Jalota (DIN: 00152021) as an Independent Director9 for0 against
Mutual fund votes, meeting of 4 Apr 2026, 9 fund houses
1 proposal
Disposal by way of sale/ transfer 3,12,07,500 equity shares of Rs. 10 each (representing 45% of the total paid-up equity share capital) of Nido Home Finance Limited (Nido) (a wholly owned subsidiary of the Company) held by the Company and its wholly owned subsidiaries namely Edel Finance Company Limited (EFCL) and Edelweiss Rural and Corporate Services Limited (ERCSL) (collectively referred to as the Sellers) to CA Sardo Investments (an affiliate of The Carlyle Group) and Salisbury Investments Private Limited (collectively referred to as the Buyers), for a consideration of Rs. 602,30,47,500.MoreLess
Against Angel One Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance and transparency concerns include inadequate disclosures in key areas such as the rationale for disposal, valuation methodology, selection process, financial impact, and pricing of warrants.
- Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with the law. Governance and transparency concerns include inadequate disclosures in key areas such as the rationale for disposal, valuation methodology, selection process, financial impact, and pricing of warrants.
6 for3 against
Mutual fund votes, meeting of 26 Sep 2025, 6 fund houses
4 proposals
To receive, consider and adopt:- a) the audited financial statements of the Company for the financial year ended March 31, 2025, together with the Report of the Board and the Auditors thereon. B) the audited Consolidated financial statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.MoreLess
6 for0 against- To declare dividend on Equity Shares.6 for0 against
- To appoint a Director in place of Mr. Rashesh Shah (DIN: 00008322), who retires by rotation and being eligible, offered himself for re-appointment.
Against Angel One Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance Concern: Holding position of Chairman and Managing Director may lead to concentration of power.
- Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with the law. Governance Concern: Holding position of Chairman and Managing Director.
3 for3 against - To appoint Secretarial Auditors of the Company6 for0 against
Mutual fund votes, meeting of 6 Jul 2025, 6 fund houses
2 proposals
- Appointment of Mr. Venkatchalam Ramaswamy (DIN: 00008509) as Non-executive Director6 for0 against
- Payment of remuneration to the Independent Directors6 for0 against
Mutual fund votes, meeting of 27 Sep 2024, 4 fund houses
4 proposals
- To consider and adopt the standalone and consolidated financial statements for the financial year ended March 31, 2024, together with the Report of the Board and the Auditors thereon.4 for0 against
- To declare dividend on Equity Shares.4 for0 against
- To appoint a Director in place of Mr. Venkatchalam Ramaswamy (DIN: 00008509), who retires by rotation and, being eligible, offered himself for re-appointment.4 for0 against
- To appoint Mr. C. Balagopal (DIN: 00430938) as an Independent Director4 for0 against
Mutual fund votes, meeting of 24 Feb 2023, 4 fund houses
1 proposal
- Approval of the Scheme of Arrangement between Edelweiss Financial Services Limited and Nuvama Wealth Management Limited and their respective Shareholders and Creditors.4 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 Jun 2026.
- Unlisted stake boughtEdelweiss Life Insurance Company LimitedSince 20 Jun 2026
0.38% bought in the quarter; holding 83.03%, from 82.65%
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.
How money raised was used
Reported for the quarter to Jun 2026.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Public IssuesJun 2026 | 300.00 | – | – | No |