Gulf Oil Lubricants India CEO, chairman, board of directors and AGM
NSE: GULFOILLUBBSE: 538567Petroleum ProductsSmall Cap
Share price at the NSE close on 28 Oct 2026. Previous close ₹1,055.40.
28 Oct: open ₹1,050.00, high ₹1,084.70, low ₹1,032.90
- 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
- ₹5,321 Cr780th 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
- 13.15
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 3.25
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 4.75%
- 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.
- 24.6%
- 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.
- 21.2%
- 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 Sep 2026.
- 0.46
- 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
- 54,72152.1% delivered
Gulf Oil Lubricants India's chairperson is Sanjay G. Hinduja and its managing director and CEO Ravi Shamlal Chawla, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 11 Sep 2026.
Gulf Oil Lubricants India 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
- ChairpersonSanjay G. HindujaRelated to the promoter
- Managing director and CEORavi Shamlal Chawla
8 directors4 independent2 executive2 non-executive
- Sanjay G. Hinduja · ChairpersonNon-executive · joined May 2014 · reappointed Sep 2025 · 148 months as independent · 1 listed board · 2 committee seats
- Shom Ashok HindujaNon-executive · joined Aug 2016 · reappointed Sep 2026 · 121 months as independent · 2 listed boards
- Arvind UppalIndependent · joined Feb 2020 · reappointed Sep 2024 · 80 months as independent · 4 listed boards · 3 as independent · 6 committee seats, 4 as chair
- Manju AgarwalIndependent · joined Mar 2020 · reappointed Sep 2024 · 79 months as independent · 4 listed boards · 4 as independent · 10 committee seats, 4 as chair
- Munesh Narinder KhannaIndependent · joined Nov 2020 · reappointed Sep 2025 · 71 months as independent · 6 listed boards · 6 as independent · 10 committee seats, 3 as chair
- Nirvik SinghIndependent · joined Feb 2025 · reappointed Feb 2025 · 20 months as independent · 2 listed boards · 1 as independent · 2 committee seats
- Ravi Shamlal Chawla · Managing director and CEOExecutive · joined May 2013 · reappointed Sep 2025 · 160 months as independent · 1 listed board · 1 committee seat
- Manish Kumar GangwalExecutive · joined Dec 2025 · reappointed Dec 2025 · 10 months as independent · 1 listed board
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 3 Aug 20268 of 8 present4 independent · 67 days in between
- 27 May 20268 of 8 present4 independent
Audit Committee
Chair Manju Agarwal
Sanjay G. Hinduja, Munesh Narinder Khanna, Nirvik Singh
- 3 Aug 20264 of 4 present3 independent · 67 days in between
- 27 May 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Arvind Uppal
Sanjay G. Hinduja, Munesh Narinder Khanna
- 26 May 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Arvind Uppal
Sanjay G. Hinduja, Ravi Shamlal Chawla
No meeting listed in the filing.
Risk Management Committee
Chair Arvind Uppal
Shom Ashok Hinduja, Nirvik Singh, Ravi Shamlal Chawla, Manish Kumar Gangwal
- 17 Aug 20265 of 5 present2 independent · 205 days in between
- 23 Jan 20265 of 5 present2 independent
Corporate Social Responsibility Committee
Chair Manju Agarwal
Sanjay G. Hinduja, Ravi Shamlal Chawla
- 26 May 20263 of 3 present1 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 Sep 2026.
- S R B C & CO. LLPPeer-review certificate valid to Feb 2029
1 earlier auditor
- M/s SRBC & Co LLPNamed in filings from Sep 2025 to Dec 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.
Gulf Oil Lubricants India 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.Gulf Oil Lubricants India dividend history
Annual general meeting, 11 Sep 2026
74,512 shareholders on the register on 4 Sep 2026; present: 0 promoters and 71 others; votes counted by Mr. Virendra G. Bhatt / Mr. Virendra G. Bhatt, Practicing Company Secretary.The company's voting result
To receive, consider and adopt the Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Statutory Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 81.33% · promoters 100.00% · institutions 90.18% · other public 9.02%
- To receive, consider and adopt the Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2026, together with the Report of the Statutory Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 81.34% · promoters 100.00% · institutions 90.23% · other public 9.01%
- Declaration of final dividend on equity shares for the financial year ended March 31, 2026Ordinary99.44% for0.56% against
Against: promoters 0.00% · institutions 3.56% · other public 0.01%
Turnout: all 81.34% · promoters 100.00% · institutions 90.25% · other public 9.02%
- Re-appointment of Mr. Shom Ashok Hinduja (DIN: 07128441) as Non-Executive Director, liable to retire by rotationOrdinary99.84% for0.16% against
Against: promoters 0.00% · institutions 0.98% · other public 0.19%
Turnout: all 81.34% · promoters 100.00% · institutions 90.25% · other public 9.02%
- Ratification of remuneration payable to M/s Dhananjay V. Joshi & Associates, Cost Accountants, as Cost Auditors of the Company for the financial year 2026-27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.16%
Turnout: all 77.52% · promoters 100.00% · institutions 63.34% · other public 9.02%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 7 Feb 2026, 2 resolutions
79,890 shareholders on the register on 2 Jan 2026; votes counted by Mr. Virendra G. Bhatt / Mr. Virendra G. Bhatt, Practicing Company Secretary.
- Appointment of Mr. Manish Kumar Gangwal (DIN: 00255201) as a Director of the CompanyOrdinary99.11% for0.90% against
Against: promoters 0.00% · institutions 5.02% · other public 1.14%
Turnout: all 82.53% · promoters 100.00% · institutions 94.26% · other public 5.15%
- Appointment of Mr. Manish Kumar Gangwal (DIN: 00255201) as Whole-Time Director of the Company, in addition to his current role as Chief Financial OfficerOrdinary99.79% for0.21% against
Against: promoters 0.00% · institutions 1.10% · other public 1.21%
Turnout: all 82.53% · promoters 100.00% · institutions 94.26% · other public 5.15%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 30 Sep 2025, 8 resolutions
83,967 shareholders on the register on 23 Sep 2025; present: 0 promoters and 52 others; votes counted by Mr. Virendra G. Bhatt / Mr. Virendra G. Bhatt, Practicing Company Secretary.The company's voting result
To receive, consider and adopt the Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Statutory Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 81.71% · promoters 100.00% · institutions 90.68% · other public 5.91%
- To receive, consider and adopt the Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2025, together with the Report of the Statutory Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 81.71% · promoters 100.00% · institutions 90.68% · other public 5.91%
- Declaration of final dividend on equity shares for the financial year ended March 31, 2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 81.80% · promoters 100.00% · institutions 91.31% · other public 5.91%
- Re-appointment of Mr. Sanjay G. Hinduja (DIN: 00291692) as Non-Executive Director who retires by rotation and being eligible, offered himself for re-appointmentOrdinary98.12% for1.88% against
Against: promoters 0.00% · institutions 11.28% · other public 0.08%
Turnout: all 81.80% · promoters 100.00% · institutions 91.31% · other public 5.91%
- Re-appointment of Mr. Munesh Narinder Khanna (DIN: 00202521) as Independent Director of the Company for the second term of five consecutive yearsSpecial97.37% for2.63% against
Against: promoters 0.00% · institutions 15.79% · other public 0.08%
Turnout: all 81.80% · promoters 100.00% · institutions 91.31% · other public 5.91%
- Re-appointment of Mr. Ravi Shamlal Chawla (DIN: 02808474) as Managing Director & Chief Executive Officer of the Company and fix his remunerationOrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.14% · other public 0.09%
Turnout: all 81.74% · promoters 100.00% · institutions 91.31% · other public 5.58%
- Appointment of M/s Ravi & Subramanyam, Company Secretaries as Secretarial Auditor of the Company and fix their remunerationOrdinary99.24% for0.76% against
Against: promoters 0.00% · institutions 4.54% · other public 0.05%
Turnout: all 81.79% · promoters 100.00% · institutions 91.24% · other public 5.91%
- Ratification of Cost Auditors’ remuneration for the financial year 2025-26Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 81.80% · promoters 100.00% · institutions 91.31% · other public 5.91%
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, 26 Mar 2025, 1 resolution
74,720 shareholders on the register on 21 Feb 2025; votes counted by Mr. A. Ravi Shankar / M/s Ravi & Subramanyam, Company Secretaries.The company's voting result
- Appointment of Mr. Nirvik Singh (DIN: 01570572), as the Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.20%
Turnout: all 80.46% · promoters 100.00% · institutions 88.21% · other public 4.71%
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, 12 Sep 2024, 9 resolutions
Present: 1 promoter and 40 others.
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Statutory Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.10%
Turnout: all 82.22% · promoters 100.00% · institutions 87.35% · other public 4.97%
- To receive, consider and adopt the Audited Consolidated Financial Statements of thenCompany for the financial year ended March 31, 2024, together with the Report of the Statutory Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.10%
Turnout: all 82.22% · promoters 100.00% · institutions 87.35% · other public 4.97%
- To declare final dividend on equity shares for the financial year ended March 31, 2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 82.29% · promoters 100.00% · institutions 87.95% · other public 4.97%
- To consider and re-appoint Mr. Shom Ashok Hinduja (DIN: 07128441) who retires bynrotation and being eligible, offers himself for reappointment.Ordinary99.72% for0.28% against
Against: promoters 0.00% · institutions 2.38% · other public 0.20%
Turnout: all 82.29% · promoters 100.00% · institutions 87.95% · other public 4.97%
- Appointment of M/s S R B C & Co. LLP, Chartered Accountants (ICAI Firm RegistrationnNo. 324982E/E300003) as Statutory Auditors and fix their remunerationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 82.29% · promoters 100.00% · institutions 87.95% · other public 4.97%
- To ratify the remuneration payable to M/s Dhananjay V. Joshi & Associates, CostnAccountants (Firm Registration No. 000030), the Cost Auditors of the Company for the financialnyear 2024-25Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 82.29% · promoters 100.00% · institutions 87.95% · other public 4.97%
- To approve payment(s) of remuneration to Non-executive Directors including IndependentnDirectors by way of CommissionOrdinary99.41% for0.59% against
Against: promoters 0.00% · institutions 4.94% · other public 0.19%
Turnout: all 82.29% · promoters 100.00% · institutions 87.95% · other public 4.97%
- Re-appointment of Mr. Arvind Uppal (DIN: 00104992) as an Independent Director of thenCompany for the second term of five consecutive yearsSpecial98.84% for1.16% against
Against: promoters 0.00% · institutions 9.75% · other public 0.22%
Turnout: all 82.29% · promoters 100.00% · institutions 87.95% · other public 4.97%
- Re-appointment of Mrs. Manju Agarwal (DIN: 06921105) as an Independent Director of thenCompany for the second term of five consecutive yearsSpecial97.39% for2.61% against
Against: promoters 0.00% · institutions 22.01% · other public 0.22%
Turnout: all 82.29% · promoters 100.00% · institutions 87.95% · other public 4.97%
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, 6 resolutions
Present: 1 promoter and 54 others.
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and the Statutory Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 81.29% · promoters 100.00% · institutions 95.60% · other public 2.49%
- To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023, together with the Report of the Statutory Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 81.29% · promoters 100.00% · institutions 95.60% · other public 2.49%
- To declare dividend on equity shares for the financial year ended March 31, 2023.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 81.30% · promoters 100.00% · institutions 95.67% · other public 2.50%
- To consider and re-appoint Mr. Sanjay G. Hinduja (DIN: 00291692) who retires by rotation and being eligible, offers himself for re-appointment.Ordinary99.02% for0.98% against
Against: promoters 0.00% · institutions 8.98% · other public 0.12%
Turnout: all 81.30% · promoters 100.00% · institutions 95.67% · other public 2.49%
- To approve the re-appointment of Mr. Ravi Shamlal Chawla (DIN: 02808474) as the Managing Director & Chief Executive Officer (MD & CEO) of the Company and payment of remuneration.Ordinary99.11% for0.89% against
Against: promoters 0.00% · institutions 8.13% · other public 0.13%
Turnout: all 81.30% · promoters 100.00% · institutions 95.67% · other public 2.49%
- To ratify the remuneration payable to M/s Dhananjay V. Joshi & Associates, Cost Accountants (Firm Registration No. 000030), the Cost Auditors of the Company for the FY 2023-24.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.25%
Turnout: all 81.30% · promoters 100.00% · institutions 95.67% · other public 2.49%
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, 16 Sep 2022, 4 resolutions
Present: 1 promoter and 68 others.
To receive, consider and adopt:nna) the Audited Standalone Financial Statements of the Company for the financial year ended March 31st, 2022, together with the Reports of the Board of Directors and the Auditors thereonnnb) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31st, 2022, 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 83.55% · promoters 100.00% · institutions 97.96% · other public 9.87%
- To declare dividend on equity shares for the financial year ended March 31st, 2022.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 83.55% · promoters 100.00% · institutions 98.00% · other public 9.87%
- To consider and re-appoint Mr. Shom Ashok Hinduja (DIN: 07128441) who retires by rotation and being eligible, offers himself for re-appointment.Ordinary99.91% for0.09% against
Against: promoters 0.00% · institutions 0.46% · other public 1.51%
Turnout: all 83.55% · promoters 100.00% · institutions 98.00% · other public 9.87%
- To ratify the remuneration payable to M/s Dhananjay V. Joshi & Associates, Cost Accountants (Firm Registration No. 000030), the Cost Auditors of the Company for the financial year 2022-23.Ordinary99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 1.50%
Turnout: all 83.55% · promoters 100.00% · institutions 98.00% · other public 9.87%
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, 16 Sep 2021, 7 resolutions
Present: 1 promoter and 54 others.
- Adoption of the audited financial statements of the Company for the financial year ended March 31, 2021 and the Reports of the Board of Directors and the Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.10%
Turnout: all 87.20% · promoters 100.00% · institutions 98.23% · other public 8.12%
- Declaration of final dividend on equity shares for the financial year ended March 31, 2021Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 87.21% · promoters 100.00% · institutions 98.29% · other public 8.12%
- Re-appointment of Mr. Sanjay G. Hinduja (DIN: 00291692) as a Director, who retires by rotationOrdinary99.84% for0.16% against
Against: promoters 0.00% · institutions 0.98% · other public 0.16%
Turnout: all 87.21% · promoters 100.00% · institutions 98.29% · other public 8.12%
- Appointment of Mr. Munesh Khanna (DIN: 00202521) as Independent Director to hold office for a term of 5 consecutive yearsOrdinary99.89% for0.11% against
Against: promoters 0.00% · institutions 0.63% · other public 0.18%
Turnout: all 87.21% · promoters 100.00% · institutions 98.29% · other public 8.12%
- Ratification of Remuneration of Cost Auditor for the financial year ending March 31, 2022Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.13%
Turnout: all 87.21% · promoters 100.00% · institutions 98.29% · other public 8.12%
- Alteration of Objects Clause of the Memorandum of AssociationSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 87.21% · promoters 100.00% · institutions 98.29% · other public 8.12%
- Alteration of Articles of AssociationSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 87.21% · promoters 100.00% · institutions 98.29% · other public 8.12%
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.
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 11 Sep 2026, 8 fund houses
To receive, consider and adopt the Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Statutory Auditors thereon.MoreLess
8 for0 against- To receive, consider and adopt the Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2026, together with the Report of the Statutory Auditors thereon.8 for0 against
- Declaration of final dividend on equity shares for the financial year ended March 31, 20268 for0 against
- Re-appointment of Mr. Shom Ashok Hinduja (DIN: 07128441) as Non-Executive Director, liable to retire by rotation8 for0 against
- Ratification of remuneration payable to M/s Dhananjay V. Joshi & Associates, Cost Accountants, as Cost Auditors of the Company for the financial year 2026-278 for0 against
Mutual fund votes, meeting of 7 Feb 2026, 12 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Appointment of Mr. Manish Kumar Gangwal (DIN: 00255201) as a Director of the Company10 for0 against
- Appointment of Mr. Manish Kumar Gangwal (DIN: 00255201) as Whole-Time Director of the Company, in addition to his current role as Chief Financial Officer
Against Mirae Asset Mutual Fund
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
9 for1 against
2 proposals not matched to one resolution
- Appoint Manish Kumar Gangwal (DIN: 00255201) as Director w.e.f. 22 December 2025, liable to retire by rotation2 for0 against
- Appoint Manish Kumar Gangwal (DIN: 00255201) as Whole – time Director for five years from 22 December 2025 and fix his remuneration
Against Jio BlackRock Mutual Fund
- Jio BlackRock Mutual FundHis proposed remuneration terms include stock options, for which no guidance has been provided, nor is there an absolute cap; therefore, we are unable to estimate his overall remuneration. We estimate his annual remuneration, excluding stock options at Rs. 46.2 mn. The company must assign an absolute cap on his overall remuneration and disclose the quantum of stock options that he is eligible to receive as well as the performance metrics that determine his variable pay. While we support his appointment, we do not support the resolution as we are unable to ascertain his aggregate remuneration.
1 for1 against
Mutual fund votes, meeting of 30 Sep 2025, 12 fund houses
8 proposals
To receive, consider and adopt the Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Statutory Auditors thereon.MoreLess
12 for0 against- To receive, consider and adopt the Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2025, together with the Report of the Statutory Auditors thereon.12 for0 against
- Declaration of final dividend on equity shares for the financial year ended March 31, 202512 for0 against
- Re-appointment of Mr. Sanjay G. Hinduja (DIN: 00291692) as Non-Executive Director who retires by rotation and being eligible, offered himself for re-appointment
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundGovernance concern: Skewed Remuneration in favour of promoter director and Nomination and Remuneration Committee member.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: Skewed Remuneration in favour of Mr. Sanjay G. Hinduja (promoter director) and NRC member.
7 for5 against - Re-appointment of Mr. Munesh Narinder Khanna (DIN: 00202521) as Independent Director of the Company for the second term of five consecutive years
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundGovernance concern: Skewed Remuneration in favour of promoter director and proposed director is Nomination and Remuneration Committee member.Excessive time commitment.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: Skewed Remuneration in favour of promoter director and proposed director is NRC member. Excessive time commitment.
7 for5 against - Re-appointment of Mr. Ravi Shamlal Chawla (DIN: 02808474) as Managing Director & Chief Executive Officer of the Company and fix his remuneration
Against Mirae Asset Mutual Fund
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
11 for1 against - Appointment of M/s Ravi & Subramanyam, Company Secretaries as Secretarial Auditor of the Company and fix their remuneration
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundProposed audit fee not disclosed.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNo concern on merit of the proposed Secretarial Auditors. Non-Compliant with Regulation 36(5) of SEBI LODR: Proposed audit fee not disclosed.
- Kotak Mahindra Mutual FundThe company proposes to appoint Ravi & Subramanyam as secretarial auditors for five years from FY26 to FY30 on payment of such remuneration as may be mutually agreed between the board and the secretarial auditors. The company has not disclosed the proposed remuneration for Ravi & Subramanyam, which is a regulatory requirement. Hence, we do not support the resolution.
6 for6 against - Ratification of Cost Auditors’ remuneration for the financial year 2025-2612 for0 against
Mutual fund votes, meeting of 26 Mar 2025, 10 fund houses
1 proposal
- Appointment of Mr. Nirvik Singh (DIN: 01570572), as the Independent Director of the Company.10 for0 against
Mutual fund votes, meeting of 12 Sep 2024, 8 fund houses
9 proposals
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Statutory Auditors thereonMoreLess
8 for0 against- To receive, consider and adopt the Audited Consolidated Financial Statements of thenCompany for the financial year ended March 31, 2024, together with the Report of the Statutory Auditors thereon8 for0 against
- To declare final dividend on equity shares for the financial year ended March 31, 2024.8 for0 against
- To consider and re-appoint Mr. Shom Ashok Hinduja (DIN: 07128441) who retires bynrotation and being eligible, offers himself for reappointment.8 for0 against
- Appointment of M/s S R B C & Co. LLP, Chartered Accountants (ICAI Firm RegistrationnNo. 324982E/E300003) as Statutory Auditors and fix their remuneration8 for0 against
- To ratify the remuneration payable to M/s Dhananjay V. Joshi & Associates, CostnAccountants (Firm Registration No. 000030), the Cost Auditors of the Company for the financialnyear 2024-258 for0 against
- To approve payment(s) of remuneration to Non-executive Directors including IndependentnDirectors by way of Commission
Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Skewed commission in favour of Promoter NED.
5 for3 against - Re-appointment of Mr. Arvind Uppal (DIN: 00104992) as an Independent Director of thenCompany for the second term of five consecutive years
Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Skewed remuneration & director is the Chairman of NRC.
5 for3 against - Re-appointment of Mrs. Manju Agarwal (DIN: 06921105) as an Independent Director of thenCompany for the second term of five consecutive years
Against Bandhan Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund, WhiteOak Capital Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Proposed term will lead to prolonged association with the Group & Director has failed in her fiduciary duty towards minority shareholders and safeguard their interest in another company.
- HDFC Mutual FundGiven her past history of failure to perform her duties on the board of companies where there has been corporate governance lapses, we do not support her reappointment
- ICICI Prudential Mutual FundThe AMC is concerned that Mrs. Manju Agarwal was an Independent Director on the board of Paytm Payments Bank Ltd. (PPBL) from May 2021 till her resignation on February 1, 2024 citing personal commitments. She was also a member of the audit committee of PPBL. The Reserve Bank of India, on January 31, 2024, directed PPBL to stop accepting any deposits/credit transactions/top ups/ in customer accounts, prepaid instruments, wallets, FASTags, etc. after February 29, 2024 (extended till 15 March 2024) among other restrictions. RBI cited persistent non-compliances and continued material supervisory concerns in the bank as identified by Comprehensive System Audit and compliance validation report by the external auditors. Given these governance concerns and her overall association with the Hinduja Group, the AMC has voted against the resolution.
- WhiteOak Capital Mutual FundMs. Manju Agarwal, 66, was the Deputy Managing Director at State Bank of India. She has attended all six board meetings held in FY24. She has been a director on the board of Hinduja Leyland Finance Limited, a promoter group company, since June 2018. Thus, she will complete 10 years of association with the Hinduja Group during her proposed tenure. Further, we raise concern that she was an Independent Director on the board of Paytm Payments Bank Ltd. (PPBL) from May 2021 till her resignation on 1 February 2024 (citing personal commitments). She was also a member of the audit committee of PPBL. The Reserve Bank of India, on 31 January 2024, directed PPBL to stop accepting any deposits/ credit transactions/ top ups/ in customer accounts, prepaid instruments, wallets, FASTags, etc. after 29 February 2024 (extended till 15 March 2024) among other restrictions. RBI cited persistent non-compliances and continued material supervisory concerns in the bank as identified by Comprehensive System Audit and compliance validation report by the external auditors. Given these governance concerns and her overall association with the Hinduja Group, we are unable support her reappointment.
2 for6 against
Mutual fund votes, meeting of 1 Sep 2023, 5 fund houses
6 proposals
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and the Statutory Auditors thereon.MoreLess
5 for0 against- To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023, together with the Report of the Statutory Auditors thereon.5 for0 against
- To declare dividend on equity shares for the financial year ended March 31, 2023.5 for0 against
- To consider and re-appoint Mr. Sanjay G. Hinduja (DIN: 00291692) who retires by rotation and being eligible, offers himself for re-appointment.
Against JM Financial Mutual Fund
- JM Financial Mutual FundCompliant with law. No concern identified with profile, time commitment and attendance performance of the appointee. Governance concern: Skewed Remuneration in favor of Mr. Sanjay G. Hinduja (promoter director) and NRC member.
4 for1 against - To approve the re-appointment of Mr. Ravi Shamlal Chawla (DIN: 02808474) as the Managing Director & Chief Executive Officer (MD & CEO) of the Company and payment of remuneration.5 for0 against
- To ratify the remuneration payable to M/s Dhananjay V. Joshi & Associates, Cost Accountants (Firm Registration No. 000030), the Cost Auditors of the Company for the FY 2023-24.5 for0 against
Mutual fund votes, meeting of 16 Sep 2022, 3 fund houses
6 proposals
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To receive, consider and adopt:nna) the Audited Standalone Financial Statements of the Company for the financial year ended March 31st, 2022, together with the Reports of the Board of Directors and the Auditors thereonnnb) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31st, 2022, together with the Report of the Auditors thereon.MoreLess
2 for0 against- To declare dividend on equity shares for the financial year ended March 31st, 2022.3 for0 against
- To consider and re-appoint Mr. Shom Ashok Hinduja (DIN: 07128441) who retires by rotation and being eligible, offers himself for re-appointment.3 for0 against
- To ratify the remuneration payable to M/s Dhananjay V. Joshi & Associates, Cost Accountants (Firm Registration No. 000030), the Cost Auditors of the Company for the financial year 2022-23.3 for0 against
2 proposals not matched to one resolution
- Accept Consolidated Financial Statements and Statutory Reports1 for0 against
- Accept Standalone Financial Statements and Statutory Reports1 for0 against
Mutual fund votes, meeting of 16 Sep 2021, 4 fund houses
7 proposals
- Adoption of the audited financial statements of the Company for the financial year ended March 31, 2021 and the Reports of the Board of Directors and the Auditors thereon4 for0 against
- Declaration of final dividend on equity shares for the financial year ended March 31, 20214 for0 against
- Re-appointment of Mr. Sanjay G. Hinduja (DIN: 00291692) as a Director, who retires by rotation4 for0 against
- Appointment of Mr. Munesh Khanna (DIN: 00202521) as Independent Director to hold office for a term of 5 consecutive years4 for0 against
- Ratification of Remuneration of Cost Auditor for the financial year ending March 31, 20224 for0 against
- Alteration of Objects Clause of the Memorandum of Association4 for0 against
- Alteration of Articles of Association4 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- 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.