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Exide Industries CEO, chairman, board of directors and AGM

NSE: EXIDEINDBSE: 500086Auto ComponentsSmall Cap

Exide Industries Limited · Formerly CHLORIDE INDUSTRIES · Face value ₹1 · Listed Sep 1979 on BSE, Jun 2003 on NSE
Last close ₹344.60down ₹9.25 (2.61%)BSE ₹344.70

Share price at the NSE close on 29 Oct 2026. Previous close ₹353.85.

29 Oct: open ₹353.85, high ₹353.85, low ₹340.20

52-week range of traded prices to 29 Oct 2026
₹287.00Low, 30 Mar 2026₹496.40High, 11 Aug 2026
Market cap
₹29,291 Cr271st largest listed
P/E
31.44
P/B
2.11
Dividend yield
0.58%
ROE
6.7%
ROCE
9.1%
Debt to equity
0.08
Volume, NSE
18,66,07444.0% delivered

Exide Industries' chairperson is Sridhar Gorthi and its managing director and CEO Avik Kumar Roy, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 10 Jul 2026.

Exide Industries 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

  • Managing director and CEOAvik Kumar Roy
  • ChairpersonSridhar Gorthi
  • Company Secretary and Compliance OfficerJitendra Kumar

9 directors4 independent4 executive1 non-executive

  • Avik Kumar Roy · Managing director and CEOExecutive · joined May 2021 · reappointed May 2024 · 1 listed board · 1 committee seat
  • Manoj Kumar AgarwalExecutive · joined May 2025 · 1 listed board · 1 committee seat
  • Pravin Ramchandra SarafExecutive · joined Sep 2025 · reappointed Sep 2025 · 1 listed board
  • Rajeev KhandelwalExecutive · joined Sep 2025 · reappointed Sep 2025 · 1 listed board
  • Rajan B. RahejaNon-executive · joined Dec 1991 · reappointed Jul 2025 · 3 listed boards · 2 committee seats
  • Surin Shailesh KapadiaIndependent · joined Oct 2017 · reappointed Oct 2022 · 107 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 3 as chair
  • Sridhar Gorthi · ChairpersonIndependent · joined Jul 2022 · reappointed Jul 2022 · 50 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 1 as chair
  • Radhika Govind RajanIndependent · joined May 2024 · reappointed May 2024 · 28 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 2 as chair
  • Jaidit Singh BrarIndependent · joined Nov 2024 · reappointed Nov 2024 · 22 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 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.

2 directors who left
  • Asish Kumar Mukherjee, left 1 May 2025: Others
  • Bharat Dhirajlal Shah, left 30 Apr 2025: Tenure Completion

Committees and meetings

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

  • Board

    • 30 Jul 20269 of 9 present4 independent · 86 days in between
    • 4 May 20268 of 9 present4 independent

  • Audit Committee

    Chair Surin Shailesh Kapadia

    Sridhar Gorthi, Radhika Govind Rajan, Jaidit Singh Brar

    • 30 Jul 20264 of 4 present4 independent · 86 days in between
    • 4 May 20264 of 4 present4 independent · 27 days in between
    • 6 Apr 20264 of 4 present4 independent

  • Nomination and remuneration committee

    Chair Surin Shailesh Kapadia

    Rajan B. Raheja, Sridhar Gorthi

    • 30 Jul 20262 of 3 present2 independent · 86 days in between
    • 4 May 20262 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Sridhar Gorthi

    Manoj Kumar Agarwal, Avik Kumar Roy

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Surin Shailesh Kapadia

    Avik Kumar Roy, Manoj Kumar Agarwal, Jaidit Singh Brar

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Surin Shailesh Kapadia

    Avik Kumar Roy, Sridhar Gorthi

    • 30 Jul 20263 of 3 present2 independent · 86 days in between
    • 4 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 Mar 2026.

  • BSR & Co. LLPPeer-review certificate valid to Jul 2028
1 earlier auditor
  • B S R & 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.

Exide Industries 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.Exide Industries dividend history

Annual general meeting, 10 Jul 2026

11,84,347 shareholders on the register on 3 Jul 2026; present: 1 promoter and 196 others; votes counted by Anjan Kumar Roy / Anjan Kumar Roy & Co.The company's voting result

  1. To receive, consider and adopt the audited financial statements (including audited consolidated financial statements) for the financial year ended 31st March 2026 and the Reports of the Board of Directors (the Board) and the Auditors thereon.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.02%

    Turnout: all 76.27% · promoters 100.00% · institutions 85.84% · other public 18.45%

  2. To declare final 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 0.02%

    Turnout: all 76.29% · promoters 100.00% · institutions 85.90% · other public 18.45%

  3. To appoint a Director in place of Mr. Manoj Kumar Agarwal (DIN:11040471) who retires by rotation and being eligible, offers himself for reappointment.
    Ordinary
    97.22% for2.78% against

    Against: promoters 0.00% · institutions 8.20% · other public 0.05%

    Turnout: all 76.29% · promoters 100.00% · institutions 85.90% · other public 18.45%

  4. To ratify payment of remuneration to Cost Auditor for the financial year 2026-27
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.29% · promoters 100.00% · institutions 85.90% · other public 18.45%

  5. To revise terms of remuneration of Mr. Manoj Kumar Agarwal, Director Finance and Chief Financial Officer effective from 1st May, 2026 for remainder of duration of his appointment, i.e. up to 30th April, 2028MoreLess
    Ordinary
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 0.41% · other public 0.06%

    Turnout: all 76.29% · promoters 100.00% · institutions 85.90% · other public 18.45%

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 Oct 2025, 2 resolutions

12,87,396 shareholders on the register on 12 Sep 2025; votes counted by S.M. Gupta / M/s. S. M. Gupta & Co..The company's voting result

  1. Appointment of Mr. Rajeev Ramesh Chand Khandelwal (DIN: 08763979) as a Whole-time Director of the Company for a period of three (3) years beginning from 1st September 2025 till 31st August 2028.
    Ordinary
    98.99% for1.01% against

    Against: promoters 0.00% · institutions 2.99% · other public 0.07%

    Turnout: all 75.92% · promoters 100.00% · institutions 86.52% · other public 18.14%

  2. Appointment of Mr. Pravin Ramchandra Saraf (DIN: 10137023) as a Whole-time Director of the Company for a period of three (3) years beginning from 1st September 2025 till 31st August 2028.
    Ordinary
    98.99% for1.01% against

    Against: promoters 0.00% · institutions 2.99% · other public 0.06%

    Turnout: all 75.92% · promoters 100.00% · institutions 86.52% · other public 18.14%

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 Jul 2025, 7 resolutions

13,23,695 shareholders on the register on 19 Jul 2025; present: 1 promoter and 166 others; votes counted by Anjan Kumar Roy / Anjan Kumar Roy & Co.The company's voting result

  1. Adoption of audited financial statements (including audited consolidated financial statements) for the financial year ended 31st March 2025 and the Reports of the Directors and the Auditors thereon.
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 75.64% · promoters 100.00% · institutions 87.20% · other public 17.66%

  2. Declaration of final dividend of Rs 2.00 per share (200%) for the financial year ended 31st March 2025.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.73% · promoters 100.00% · institutions 87.51% · other public 17.66%

  3. Re-appointment of Mr. R B Raheja (DIN: 00037480), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    98.49% for1.51% against

    Against: promoters 0.00% · institutions 4.50% · other public 0.04%

    Turnout: all 75.73% · promoters 100.00% · institutions 87.51% · other public 17.66%

  4. Appointment of Mr. Manoj Kumar Agarwal (DIN:11040471) as Director Finance and CFO for a period of three (3) years beginning from 1st May 2025 till 30th April 2028
    Ordinary
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.70% · other public 0.03%

    Turnout: all 75.73% · promoters 100.00% · institutions 87.51% · other public 17.66%

  5. Revision in terms of remuneration of Mr. Avik Kumar Roy, Managing Director & CEO for remainder of duration of his appointment upto 30th April 2027
    Ordinary
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.34% · other public 0.06%

    Turnout: all 75.73% · promoters 100.00% · institutions 87.51% · other public 17.66%

  6. Appointment of Labh & Labh Associates, Company Secretaries, as Secretarial Auditor of the Company for a term of five (5) consecutive financial years commencing from FY 2025-26 to FY 2029-30
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.12% · other public 0.04%

    Turnout: all 75.73% · promoters 100.00% · institutions 87.50% · other public 17.66%

  7. Ratification of remuneration payable to Cost Auditors for the financial year 2025-26
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.73% · promoters 100.00% · institutions 87.51% · other public 17.66%

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, 18 Dec 2024, 1 resolution
  1. Appointment of Mr. Jaidit Singh Brar as an Independent Director of the Company for a term of five consecutive years w.e.f. 4th November 2024
    Special
    99.99% for0.01% against

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

    Turnout: all 75.08% · promoters 100.00% · institutions 82.14% · other public 18.72%

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, 29 Jul 2024, 7 resolutions

Present: 1 promoter and 203 others.

  1. Adoption of audited financial statements (including audited consolidated financial statements) for the financial year ended 31 st March 2024 and the Reports of the Directors and Auditors thereon and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.04% · promoters 100.00% · institutions 78.53% · other public 19.56%

  2. Declaration of final dividend of Rs 2.00 per share (200%) for the financial year ended 31 st March 2024.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.09% · other public 0.03%

    Turnout: all 75.15% · promoters 100.00% · institutions 78.90% · other public 19.56%

  3. Re-appointment of Mr. A K Mukherjee (DIN: 00131626)
    Ordinary
    99.61% for0.39% against

    Against: promoters 0.00% · institutions 1.17% · other public 0.04%

    Turnout: all 75.14% · promoters 100.00% · institutions 78.87% · other public 19.56%

  4. Appointment of Mr. Avik Kumar Roy (DIN: 08456036) as the Managing Director and Chief Executive Officer of the Company, for a period of three (3) years beginning from 1st May 2024 till 30th April 2027
    Ordinary
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.36% · other public 0.03%

    Turnout: all 75.14% · promoters 100.00% · institutions 78.87% · other public 19.56%

  5. Increase the overall limit of remuneration payable by way of commission to the Non-Executive Directors of the Company from Rs. 2,50,00,000/- (Rupees two crore fifty lakh only) to Rs. 4,00,00,000/- (Rupees four crore only) per annumMoreLess
    Ordinary
    99.36% for0.64% against

    Against: promoters 0.00% · institutions 1.93% · other public 0.15%

    Turnout: all 75.14% · promoters 100.00% · institutions 78.87% · other public 19.56%

  6. Appointment of Ms. Radhika Govind Rajan as a Non-Executive - Independent Director of the Company to hold office for a term of 5 (five) consecutive years commencing from 16th May 2024 upto 15th May 2029;MoreLess
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.19% · other public 0.08%

    Turnout: all 75.14% · promoters 100.00% · institutions 78.87% · other public 19.56%

  7. Ratification of remuneration payable to Cost Auditors for the financial year 2024-25
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.14% · promoters 100.00% · institutions 78.87% · other public 19.56%

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.

Annual general meeting, 8 Aug 2023, 8 resolutions

Present: 1 promoter and 212 others.

  1. Adoption of audited financial statements (including audited consolidated financial statements) for the financial year ended 31st March, 2023 and the Reports of the Directors and the Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 78.75% · promoters 100.00% · institutions 86.73% · other public 20.79%

  2. Declaration of final dividend for the financial year ended 31st March 2023.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 78.94% · promoters 100.00% · institutions 87.32% · other public 20.78%

  3. Re-appointment of Mr. R B Raheja (DIN: 00037480) who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    91.89% for8.11% against

    Against: promoters 0.00% · institutions 22.44% · other public 0.04%

    Turnout: all 78.94% · promoters 100.00% · institutions 87.32% · other public 20.78%

  4. Ratification of remuneration payable to Cost Auditors for the financial year 2023-24.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 78.94% · promoters 100.00% · institutions 87.32% · other public 20.78%

  5. Revision in terms of remuneration of Mr. Subir Chakraborty (DIN: 00130864), Managing Director & CEO.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 78.94% · promoters 100.00% · institutions 87.32% · other public 20.78%

  6. Revision in terms of remuneration of Mr. Asish Kumar Mukherjee (DIN: 00131626), Whole-time Director.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 78.94% · promoters 100.00% · institutions 87.32% · other public 20.78%

  7. Revision in terms of remuneration of Mr. Arun Mittal (DIN: 00412767), Whole-time Director.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 78.94% · promoters 100.00% · institutions 87.32% · other public 20.78%

  8. Revision in terms of remuneration of Mr. Avik Roy (DIN: 08456036), Whole-time Director.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 78.94% · promoters 100.00% · institutions 87.32% · other public 20.78%

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, 22 Sep 2022, 8 resolutions

Present: 1 promoter and 204 others.

  1. Adoption of audited financial statements( including audited consolidated financial statements) for the financial year ended 31st March 2022 and the Reports of the Board of Directors and the Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.04% · promoters 100.00% · institutions 79.24% · other public 17.67%

  2. Confirmation of Interim Dividend for the financial year ended 31st March 2022
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.17% · promoters 100.00% · institutions 79.70% · other public 17.67%

  3. Reappointment of Mr. Arun Mittal (DIN: 00412767) who retires by rotation and, being eligible, offers himself for reappointment.
    Ordinary
    98.84% for1.16% against

    Against: promoters 0.00% · institutions 3.72% · other public 0.12%

    Turnout: all 73.17% · promoters 100.00% · institutions 79.70% · other public 17.67%

  4. Reappointment of M/s. BSR & Co. LLP, Chartered Accountants, as Statutory Auditor of the Company for the second term of five years
    Ordinary
    98.64% for1.36% against

    Against: promoters 0.00% · institutions 4.36% · other public 0.08%

    Turnout: all 73.17% · promoters 100.00% · institutions 79.70% · other public 17.67%

  5. Re-appointment of Mr. Surin Shailesh Kapadia (DIN: 00770828), as an Independent Director of the Company for a second term of five consecutive years
    Special
    96.14% for3.86% against

    Against: promoters 0.00% · institutions 12.44% · other public 0.10%

    Turnout: all 73.17% · promoters 100.00% · institutions 79.70% · other public 17.67%

  6. Appointment of Mr. Sridhar Gorthi (DIN: 00035824) as an Independent Director of the Company for a term of five consecutive years
    Special
    92.60% for7.40% against

    Against: promoters 0.00% · institutions 23.87% · other public 0.11%

    Turnout: all 73.17% · promoters 100.00% · institutions 79.70% · other public 17.67%

  7. Revision in the limit of remuneration payable to Non-Executive Directors by way of Commission
    Ordinary
    90.49% for9.51% against

    Against: promoters 0.00% · institutions 30.68% · other public 0.25%

    Turnout: all 73.17% · promoters 100.00% · institutions 79.70% · other public 17.67%

  8. Ratification of payment of remuneration to Cost Auditor for financial year 2022-23
    Ordinary
    99.78% for0.22% against

    Against: promoters 0.00% · institutions 0.70% · other public 0.12%

    Turnout: all 73.17% · promoters 100.00% · institutions 79.70% · other public 17.67%

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

Extraordinary general meeting, 29 Sep 2021, 1 resolution

Present: 1 promoter and 114 others.

  1. To consider and approve divestment of Company’s shareholding in Exide Life Insurance Company Limited, a material wholly owned subsidiary.
    Special
    100.00% for0.00% against

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

    Turnout: all 76.67% · promoters 100.00% · institutions 81.16% · other public 21.59%

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 10 Jul 2026, 32 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 financial statements (including audited consolidated financial statements) for the financial year ended 31st March 2026 and the Reports of the Board of Directors (the Board) and the Auditors thereon.MoreLess
    31 for0 against
  • To declare final dividend on equity shares for the financial year ended 31st March 2026
    31 for0 against
  • To appoint a Director in place of Mr. Manoj Kumar Agarwal (DIN:11040471) who retires by rotation and being eligible, offers himself for reappointment.
    Against Franklin Templeton Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST incumbent director nominee Manoj Kumar Agarwal is warranted for lack of diversity on the board.
    30 for1 against
  • To ratify payment of remuneration to Cost Auditor for the financial year 2026-27
    8 for0 against
  • To revise terms of remuneration of Mr. Manoj Kumar Agarwal, Director Finance and Chief Financial Officer effective from 1st May, 2026 for remainder of duration of his appointment, i.e. up to 30th April, 2028MoreLess
    31 for0 against
6 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 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
  • Ratification of remuneration of Rs. 11,00,000/- plus out-of-pocket expenses and applicable taxes payable to M/s Mani and Co., Cost Accountants (Firm Registration No. 000004), who have been appointed by the Board of Directors as Cost Auditors of the Company for the audit of cost records of the products manufactured by the Company for the financial year ending 31st March 2027.MoreLess
    23 for0 against

Mutual fund votes, meeting of 24 Oct 2025, 31 fund houses

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

  • Appointment of Mr. Rajeev Ramesh Chand Khandelwal (DIN: 08763979) as a Whole-time Director of the Company for a period of three (3) years beginning from 1st September 2025 till 31st August 2028.
    30 for0 against
  • Appointment of Mr. Pravin Ramchandra Saraf (DIN: 10137023) as a Whole-time Director of the Company for a period of three (3) years beginning from 1st September 2025 till 31st August 2028.
    30 for0 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
    1 for0 against

Mutual fund votes, meeting of 26 Jul 2025, 29 fund houses

13 proposals

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

  • Adoption of audited financial statements (including audited consolidated financial statements) for the financial year ended 31st March 2025 and the Reports of the Directors and the Auditors thereon.
    28 for0 against
  • Declaration of final dividend of Rs 2.00 per share (200%) for the financial year ended 31st March 2025.
    28 for0 against
  • Re-appointment of Mr. R B Raheja (DIN: 00037480), who retires by rotation and being eligible, offers himself for re-appointment.
    28 for0 against
  • Appointment of Mr. Manoj Kumar Agarwal (DIN:11040471) as Director Finance and CFO for a period of three (3) years beginning from 1st May 2025 till 30th April 2028
    28 for0 against
  • Revision in terms of remuneration of Mr. Avik Kumar Roy, Managing Director & CEO for remainder of duration of his appointment upto 30th April 2027
    28 for0 against
  • Appointment of Labh & Labh Associates, Company Secretaries, as Secretarial Auditor of the Company for a term of five (5) consecutive financial years commencing from FY 2025-26 to FY 2029-30
    Against Groww Mutual Fund
    • Groww Mutual FundComplaint with Law. No concern on the merits of proposed Auditors. Transparency concern: The Company has not disclosed the audit fee paid to outgoing and any material change in the proposed audit fee and justification behind material change if any.
    28 for1 against
  • Ratification of remuneration payable to Cost Auditors for the financial year 2025-26
    28 for0 against
6 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 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
  • Item 7, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 18 Dec 2024, 30 fund houses

1 proposal
  • Appointment of Mr. Jaidit Singh Brar as an Independent Director of the Company for a term of five consecutive years w.e.f. 4th November 2024
    30 for0 against

Mutual fund votes, meeting of 29 Jul 2024, 24 fund houses

11 proposals

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

  • Adoption of audited financial statements (including audited consolidated financial statements) for the financial year ended 31 st March 2024 and the Reports of the Directors and Auditors thereon and the Auditors thereon.MoreLess
    22 for0 against
  • Declaration of final dividend of Rs 2.00 per share (200%) for the financial year ended 31 st March 2024.
    24 for0 against
  • Re-appointment of Mr. A K Mukherjee (DIN: 00131626)
    24 for0 against
  • Appointment of Mr. Avik Kumar Roy (DIN: 08456036) as the Managing Director and Chief Executive Officer of the Company, for a period of three (3) years beginning from 1st May 2024 till 30th April 2027
    24 for0 against
  • Increase the overall limit of remuneration payable by way of commission to the Non-Executive Directors of the Company from Rs. 2,50,00,000/- (Rupees two crore fifty lakh only) to Rs. 4,00,00,000/- (Rupees four crore only) per annumMoreLess
    Against Edelweiss Mutual Fund, Invesco Mutual Fund, Mirae Asset Mutual Fund
    • Edelweiss Mutual FundThe amount is on higher side as compared to profit of co.
    • Invesco Mutual FundIn the 2022 AGM, shareholders approved payment of commission to Non-Executive Directors not exceeding 1% of the net profits, capped at Rs. 25.0 mn in aggregate, from FY23. The company now seeks to pay commission to Non-Executive Directors upto 1% of net profits, capped at Rs. 12.5 mn per director and at Rs. 40.0 mn in aggregate from FY25 onwards. In FY24, the non-executive directors were paid a total commission of Rs. 25.0 mn, which is reasonable and represents ~0.24% of FY24 standalone PBT. The proposed commission to non-executive directors (independent and non-independent) is in-line with market practices and in line with statutory regulations. However, given that the company has not defined a tenure for payment of commission, the resolution is effectively valid in perpetuity. We do not support resolutions in perpetuity: shareholders must get a chance to periodically review such payments.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    18 for3 against
  • Appointment of Ms. Radhika Govind Rajan as a Non-Executive - Independent Director of the Company to hold office for a term of 5 (five) consecutive years commencing from 16th May 2024 upto 15th May 2029;MoreLess
    24 for0 against
  • Ratification of remuneration payable to Cost Auditors for the financial year 2024-25
    23 for0 against
4 proposals not matched to one resolution
  • 5) Approve payment of commission to Non-Executive Directors not exceeding 1% of the net profits, capped at Rs. 12.5 mn per director and at Rs. 40.0 mn in aggregate from FY25.
    1 for0 against
  • Accept Financial Statements and Statutory Reports
    2 for0 against
  • Approve aggregate remuneration of Rs. 1.0 mn to Mani & Co as cost auditors for FY25
    1 for0 against
  • Approve payment of commission to Non-Executive Directors not exceeding 1% of the net profits, capped at Rs. 12.5 mn per director and at Rs. 40.0 mn in aggregate from FY25
    2 for0 against

Mutual fund votes, meeting of 8 Aug 2023, 20 fund houses

9 proposals

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

  • Adoption of audited financial statements (including audited consolidated financial statements) for the financial year ended 31st March, 2023 and the Reports of the Directors and the Auditors thereon.
    20 for0 against
  • Declaration of final dividend for the financial year ended 31st March 2023.
    18 for0 against
  • Re-appointment of Mr. R B Raheja (DIN: 00037480) who retires by rotation and being eligible, offers himself for re-appointment.
    Against HSBC Mutual Fund
    • HSBC Mutual FundA vote AGAINST the following nominee is warranted because: The board does not have a female independent director and Rajan Raheja is the most senior member of the nomination and remuneration committee standing for reelection.
    19 for1 against
  • Ratification of remuneration payable to Cost Auditors for the financial year 2023-24.
    20 for0 against
  • Revision in terms of remuneration of Mr. Subir Chakraborty (DIN: 00130864), Managing Director & CEO.
    20 for0 against
  • Revision in terms of remuneration of Mr. Asish Kumar Mukherjee (DIN: 00131626), Whole-time Director.
    20 for0 against
  • Revision in terms of remuneration of Mr. Arun Mittal (DIN: 00412767), Whole-time Director.
    20 for0 against
  • Revision in terms of remuneration of Mr. Avik Roy (DIN: 08456036), Whole-time Director.
    20 for0 against
1 proposal not matched to one resolution
  • Ratify payment of interim dividend of Rs. 2.0 per equity share of face value Re. 1.0 each for FY23
    2 for0 against

Mutual fund votes, meeting of 22 Sep 2022, 17 fund houses

13 proposals

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

  • Adoption of audited financial statements( including audited consolidated financial statements) for the financial year ended 31st March 2022 and the Reports of the Board of Directors and the Auditors thereonMoreLess
    17 for0 against
  • Confirmation of Interim Dividend for the financial year ended 31st March 2022
    15 for0 against
  • Reappointment of Mr. Arun Mittal (DIN: 00412767) who retires by rotation and, being eligible, offers himself for reappointment.
    17 for0 against
  • Reappointment of M/s. BSR & Co. LLP, Chartered Accountants, as Statutory Auditor of the Company for the second term of five years
    15 for0 against
  • Re-appointment of Mr. Surin Shailesh Kapadia (DIN: 00770828), as an Independent Director of the Company for a second term of five consecutive years
    Against Franklin Templeton Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST the following nominee is warranted because: • The board does not have a female independent director and Surin Kapadia is the chairman of the nomination and remuneration committee.
    16 for1 against
  • Appointment of Mr. Sridhar Gorthi (DIN: 00035824) as an Independent Director of the Company for a term of five consecutive years
    Against Axis Mutual Fund, Invesco Mutual Fund, Mirae Asset Mutual Fund
    • Axis Mutual FundSridhar Gorthi, 50, is a Partner at Trilegal, a law firm. He has experience in mergers and acquisitions, joint ventures, private equity and venture capital. He holds a bachelor’s degree in law from the National Law School of India University, Bengaluru. Public sources indicate that Trilegal advised Exide Industries Limited and Exide Life Insurance on the sale of the insurance business to HDFC Life Insurance Company Limited. This relationship creates a conflict of interest.Further, Sridhar Gorthi is Independent Director on the board of four listed companies (including Exide Industries Limited). Given their full-time responsibilities, regulations allow whole-time directors of listed companies to be independent directors in a maximum of three listed companies. Further, we believe that as a Partner at Trilegal, his responsibilities are equivalent to a whole-time directorship. Therefore, his high number of directorships on listed companies are not in keeping with the spirit of the regulation.
    • Invesco Mutual FundSridhar Gorthi, 50, is a Partner at Trilegal, a law firm. He has experience in mergers and acquisitions, joint ventures, private equity and venture capital. He holds a bachelor’s degree in law from the National Law School of India University, Bengaluru.Public sources indicate that Trilegal advised Exide Industries Limited and Exide Life Insurance on the sale of the insurance business to HDFC Life Insurance Company Limited. This relationship creates a conflict of interest. Further, Sridhar Gorthi is Independent Director on the board of four listed companies (including Exide Industries Limited). Given their full-time responsibilities, regulations allow whole-time directors of listed companies to be independent directors in a maximum of three listed companies. Further, we believe that as a Partner at Trilegal, his responsibilities are equivalent to a whole-time directorship. Therefore, his high number of directorships on listed companies are not in keeping with the spirit of the regulation
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    14 for3 against
  • Revision in the limit of remuneration payable to Non-Executive Directors by way of Commission
    Against Axis Mutual Fund, Franklin Templeton Mutual Fund, Mirae Asset Mutual Fund
    • Axis Mutual FundThe company seeks to increase the cap to Rs. 25.0 mn from Rs. 17.5 mn in aggregate to all Non-Executive Directors. In FY22, the non-executive directors were paid a total commission of Rs.15 mn, which is reasonable and represents ~0.16% of FY22 consolidated PBT. The proposed commission to non-executive directors (independent and non-independent) is in-line with market practices and in line with statutory regulations. However, given that the company has not defined a tenure for payment of commission, the resolution is effectively valid in perpetuity. We do not support resolutions in perpetuity: shareholders must get a chance to periodically review such payments.
    • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted as the approval will be valid till perpetuity and shareholders will not get to review the payments in the future.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    12 for3 against
  • Ratification of payment of remuneration to Cost Auditor for financial year 2022-23
    Against LIC Mutual Fund
    • LIC Mutual FundCompliant with Law. No issues on merit/ suitability or capability of Cost Auditor. Governance Concern: Cost Audit fee significantly lower than the minimum suggested fee by ICAI. Transparency Concern: Non-Disclosure of exact turnover that is subject to Cost Audit.
    13 for1 against
5 proposals not matched to one resolution
  • 8) Approve aggregate remuneration of Rs. 1.0 mn to Mani & Co as cost auditors for FY23.
    1 for0 against
  • Approve aggregate remuneration of Rs. 1.0 mn to Mani & Co as cost auditors for FY23
    2 for0 against
  • Approve payment of commission to Non-Executive Directors not exceeding 1% of the net profits, capped at Rs. 25.0 mn in aggregate, from FY23
    2 for0 against
  • Ratify payment of interim dividend of Rs. 2.0 per equity share of face value Re. 1.0 each for FY22
    2 for0 against
  • Reappoint B S R & Co LLP as statutory auditors for five years from the 2022 AGM and authorize the board to fix their remuneration
    2 for0 against

Mutual fund votes, meeting of 29 Sep 2021, 12 fund houses

1 proposal
  • To consider and approve divestment of Company’s shareholding in Exide Life Insurance Company Limited, a material wholly owned subsidiary.
    12 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
33Dec 2401Mar 2510Jun 2554Sep 2513Dec 2577Mar 2666Jun 26109Sep 26

Open at the quarter's end

1Dec 240Mar 251Jun 252Sep 250Dec 250Mar 260Jun 261Sep 26
At most 2 complaints open, quarter to Sep 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
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.