ION Exchange (India) CEO, chairman, board of directors and AGM
NSE: IONEXCHANGBSE: 500214Other UtilitiesSmall Cap
Share price at the NSE close on 29 Oct 2026. Previous close ₹343.00.
29 Oct: open ₹344.00, high ₹354.60, low ₹339.05
- Next results date: the board meets on 3 Nov 2026 to consider: financial results and other business matters. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹5,092 Cr749th 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
- 51.91
- 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 −₹17 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 44.29
- 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
- 3.80
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.36%
- 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.
- 7.7%
- 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 −₹17 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 9.0%
- 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.
- 6.0%
- 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.
- 0.34
- 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
- 2,57,56440.6% delivered
ION Exchange (India)'s chairperson is Rajesh Sharma and its managing director and CEO Indraneel Dutt, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 11 Sep 2026.
ION Exchange (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
- ChairpersonRajesh Sharma
- Managing director and CEOIndraneel Dutt
- Company Secretary and Compliance OfficerNikisha Solanki
10 directors5 independent2 executive3 non-executive
- Rajesh Sharma · ChairpersonExecutive · joined Mar 1996 · reappointed Oct 2024 · 1 listed board
- Indraneel Dutt · Managing director and CEOExecutive · joined Oct 2024 · 1 listed board
- Mahabir Prasad PatniNon-executive · joined Sep 2001 · reappointed Sep 2025 · 1 listed board · 1 committee seat
- Dinesh SharmaNon-executive · joined Jan 2006 · reappointed Sep 2026 · 1 listed board · 1 committee seat
- Aankur PatniNon-executive · joined Jan 2006 · reappointed Oct 2024 · 1 listed board · 2 committee seats
- David RasquinhaIndependent · joined Sep 2022 · 48 months as independent · 2 listed boards · 2 as independent · 6 committee seats, 2 as chair
- Sanjay JoshiIndependent · joined Sep 2023 · 36 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
- Amitava GuharoyIndependent · joined Sep 2024 · 24 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Alka Arora MisraIndependent · joined Sep 2024 · 24 months as independent · 3 listed boards · 3 as independent · 3 committee seats, 1 as chair
- Gopalaraman PadmanabhanIndependent · joined Sep 2024 · 24 months as independent · 3 listed boards · 3 as independent · 1 committee seat
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
- 11 Sep 20269 of 10 present4 independent · 36 days in between
- 5 Aug 202610 of 10 present5 independent · 70 days in between
- 26 May 202610 of 10 present5 independent
Audit Committee
Chair David Rasquinha
Amitava Guharoy, Sanjay Joshi
- 5 Aug 20263 of 3 present3 independent · 61 days in between
- 4 Jun 20263 of 3 present3 independent · 8 days in between
- 26 May 20263 of 3 present3 independent
Nomination and remuneration committee
Chair Gopalaraman Padmanabhan
David Rasquinha, Alka Arora Misra
- 26 May 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair Sanjay Joshi
David Rasquinha, Aankur Patni
No meeting listed in the filing.
Risk Management Committee
Chair Gopalaraman Padmanabhan
Indraneel Dutt, Dinesh Sharma, Sanjay Joshi
- 25 May 20264 of 4 present2 independent
Corporate Social Responsibility Committee
Chair Sanjay Joshi
Rajesh Sharma, Alka Arora Misra, Mahabir Prasad Patni, Indraneel Dutt
- 2 Jun 20265 of 5 present2 independent · 7 days in between
Employee Stock Option Committee
Chair Alka Arora Misra
Sanjay Joshi, David Rasquinha
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- Deloitte Haskins & Sells LLPPeer-review certificate valid to Jul 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
ION Exchange (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.ION Exchange (India) dividend history
Annual general meeting, 11 Sep 2026
1,28,149 shareholders on the register on 4 Sep 2026; present: 10 promoters and 148 others; votes counted by Vidyadhar Chakradeo / M/s. V.V. Chakradeo & Co.
To receive, consider and adopt the Audited Standalone Financial Statements and Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026 and the Reports of the Board of Directors and the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 48.14% · promoters 88.09% · institutions 95.95% · other public 11.76%
- To declare Dividend on Equity SharesOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 48.14% · promoters 88.09% · institutions 95.95% · other public 11.76%
- To appoint a Director in place of Mr. Dinesh Sharma (DIN: 00051986), who retires by rotation and being eligible, offers himself for re-appointment.Ordinary99.10% for0.90% against
Against: promoters 0.00% · institutions 1.75% · other public 0.02%
Turnout: all 37.84% · promoters 47.56% · institutions 95.95% · other public 11.76%
- Ratification of Remuneration of Cost AuditorsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 48.14% · promoters 88.09% · institutions 95.95% · other public 11.76%
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 May 2026, 4 resolutions
1,19,304 shareholders on the register on 17 Apr 2026; votes counted by Mr. Nirmal Gupta / GMJ & Associates.The company's voting result
- To consider and approve ‘Ion Exchange (India) Limited – Employee Stock Option Scheme 2026’Special92.29% for7.71% against
Against: promoters 0.00% · institutions 18.29% · other public 0.19%
Turnout: all 42.94% · promoters 73.00% · institutions 92.39% · other public 11.42%
- To consider and approve grant of employee stock options to the employees of subsidiary company(ies) of the Company under ‘Ion Exchange (India) Limited – Employee Stock Option Scheme 2026’Special92.29% for7.71% against
Against: promoters 0.00% · institutions 18.29% · other public 0.18%
Turnout: all 42.94% · promoters 73.00% · institutions 92.39% · other public 11.42%
- To consider and approve secondary acquisition of shares through Trust route for the implementation of ‘Ion Exchange (India) Limited– Employee Stock Option Scheme 2026’Special92.30% for7.70% against
Against: promoters 0.00% · institutions 18.29% · other public 0.17%
Turnout: all 42.94% · promoters 73.00% · institutions 92.39% · other public 11.42%
- To consider and approve provision of money by the Company for purchase of its own Shares by the Trust under the ‘Ion Exchange (India) Limited– Employee Stock Option Scheme 2026’Special92.30% for7.70% against
Against: promoters 0.00% · institutions 18.29% · other public 0.17%
Turnout: all 42.94% · promoters 73.00% · institutions 92.39% · other public 11.42%
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.
Annual general meeting, 9 Sep 2025, 5 resolutions
1,20,269 shareholders on the register on 2 Sep 2025; present: 11 promoters and 129 others; votes counted by Vidyadhar Chakradeo / M/s. V.V. Chakradeo & Co.The company's voting result
- Adoption of Audited Standalone and Consolidated Financial Statements, Report of the Board of Directors and Auditors for the financial year ended March 31, 2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 48.07% · promoters 88.37% · institutions 95.07% · other public 12.69%
- Declaration of Dividend on Equity sharesOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 48.07% · promoters 88.37% · institutions 95.07% · other public 12.69%
- Appointment of Director in place of Mr. M.P.Patni (DIN:00515553), who retires by rotation and being eligible, offers himself for re-appointmentSpecialPromoters have an interest in it99.80% for0.20% against
Against: promoters 0.00% · institutions 0.43% · other public 0.09%
Turnout: all 43.39% · promoters 70.15% · institutions 95.07% · other public 12.69%
- Appointment of Secretarial Auditors of the CompanyOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.07%
Turnout: all 48.07% · promoters 88.37% · institutions 95.07% · other public 12.69%
- Ratification of remuneration of Cost AuditorsOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.07%
Turnout: all 48.07% · promoters 88.37% · institutions 95.07% · other public 12.69%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 11 Sep 2024, 16 resolutions
Present: 4 promoters and 56 others.
- Adoption of Audited Standalone and Consolidated Financial Statements, Report of the Board of Directors and Auditors for the financial year ended March 31, 2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 50.86% · promoters 99.92% · institutions 95.70% · other public 13.22%
- 2 - Approval of DividendOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 50.86% · promoters 99.92% · institutions 95.70% · other public 13.22%
- Appointment of Mr. M.P. Patni who retires by rotation and being eligible, offers himself for re-appointmentSpecialPromoters have an interest in it98.85% for1.15% against
Against: promoters 0.00% · institutions 2.99% · other public 0.05%
Turnout: all 46.16% · promoters 81.82% · institutions 95.70% · other public 13.22%
- 4 - To appoint Statutory Auditors of the CompanyOrdinary99.66% for0.34% against
Against: promoters 0.00% · institutions 0.99% · other public 0.01%
Turnout: all 50.86% · promoters 99.92% · institutions 95.70% · other public 13.22%
- 5 - Appointment of M/s. Angadi & Co. as Branch Auditors.Ordinary88.68% for11.32% against
Against: promoters 0.00% · institutions 32.74% · other public 0.01%
Turnout: all 50.86% · promoters 99.92% · institutions 95.70% · other public 13.22%
- 6 - Ratification of remuneration of Cost AuditorsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 50.86% · promoters 99.92% · institutions 95.70% · other public 13.22%
- 7 - Change in Designation of Mr. Rajesh Sharma (DIN: 00515486) from Chairman & Managing Director to Chairman - Executive Director and remuneration payable to himSpecialPromoters have an interest in it83.82% for16.18% against
Against: promoters 0.00% · institutions 41.62% · other public 0.04%
Turnout: all 45.23% · promoters 78.24% · institutions 95.70% · other public 13.22%
Appointment of Mr. Indraneel Dutt (DIN: 01942447) as a Director and Managing Director of the Company for the period of five years effective from 1st October, 2024 to 30th September, 2029 and remuneration payable to himMoreLess
Special97.65% for2.35% againstAgainst: promoters 0.00% · institutions 6.77% · other public 0.05%
Turnout: all 50.86% · promoters 99.92% · institutions 95.70% · other public 13.22%
9 - Change in Designation of Mr. Dinesh Sharma (DIN: 00051986) from Executive Director to Non-Executive and Non-Independent Director as Vice – Chairman and to appoint Mr. Dinesh Sharma to hold office or place of profitMoreLess
SpecialPromoters have an interest in it78.65% for21.35% againstAgainst: promoters 0.00% · institutions 56.54% · other public 0.04%
Turnout: all 46.55% · promoters 83.30% · institutions 95.70% · other public 13.22%
10 - Change in Designation of Mr. Aankur Patni (DIN: 00090657) from Executive Director to Non-Executive and Non-Independent Director as Vice Chairman and to appoint Mr. Aankur Patni to hold office or place of profitMoreLess
SpecialPromoters have an interest in it79.65% for20.35% againstAgainst: promoters 0.00% · institutions 56.54% · other public 0.05%
Turnout: all 48.85% · promoters 92.16% · institutions 95.70% · other public 13.22%
- 11 - Appointment of Mr. Amitava Guharoy (DIN:10708866) as an Independent Director of the CompanySpecial99.65% for0.35% against
Against: promoters 0.00% · institutions 0.99% · other public 0.04%
Turnout: all 50.86% · promoters 99.92% · institutions 95.70% · other public 13.22%
- 12 - Appointment of Mr. Gopalaraman Padmanabhan (DIN : 07130908) as an Independent Director of the CompanySpecial99.65% for0.35% against
Against: promoters 0.00% · institutions 0.99% · other public 0.04%
Turnout: all 50.86% · promoters 99.92% · institutions 95.70% · other public 13.22%
- 13 - Appointment of Mrs. Alka Arora Misra (DIN:08038518) as a Woman Independent Director of the CompanySpecial99.65% for0.35% against
Against: promoters 0.00% · institutions 0.99% · other public 0.05%
Turnout: all 50.86% · promoters 99.92% · institutions 95.70% · other public 13.22%
- 14 - To alter and adopt new set of Memorandum of Association (MOA) of the company as per the Companies Act, 2013.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 50.86% · promoters 99.92% · institutions 95.70% · other public 13.22%
- 15 - To alter and adopt new set of Articles of Association (AOA) of the Company as per the Companies Act, 2013Special88.68% for11.32% against
Against: promoters 0.00% · institutions 32.74% · other public 0.01%
Turnout: all 50.86% · promoters 99.92% · institutions 95.70% · other public 13.22%
- 16 - To approve payment of Commission/Remuneration to Non-Executive DirectorsSpecialPromoters have an interest in it75.06% for24.94% against
Against: promoters 0.00% · institutions 56.54% · other public 0.02%
Turnout: all 39.84% · promoters 57.44% · institutions 95.70% · other public 13.22%
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 May 2024, 2 resolutions
Re-appointment of Mr. Dinesh Sharma (DIN: 00051986) as an Executive Director of the Company for the period of five years effective from 1st April, 2024 to 31st March, 2029 and remuneration payable to him.MoreLess
SpecialPromoters have an interest in it88.87% for11.13% againstAgainst: promoters 0.00% · institutions 28.61% · other public 0.01%
Turnout: all 44.29% · promoters 72.34% · institutions 96.53% · other public 14.32%
Re-appointment of Mr. Aankur Patni (DIN: 00090657) as an Executive Director of the Company for the period of five years effective from 1st April, 2024 nto 31st March, 2029 and remuneration payable to him.MoreLess
SpecialPromoters have an interest in it89.42% for10.58% againstAgainst: promoters 0.00% · institutions 28.61% · other public 0.01%
Turnout: all 46.59% · promoters 81.05% · institutions 96.53% · other public 14.32%
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 Sep 2023, 7 resolutions
Present: 4 promoters and 76 others.
- Adoption of Audited Standalone and Consolidated Financial Statements, Report of the Board of Directors and Auditors for the financial year ended March 31, 2023.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 44.80% · promoters 88.87% · institutions 86.86% · other public 13.04%
- Approval of Dividend.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 44.92% · promoters 88.87% · institutions 87.64% · other public 13.04%
- Appointment of Mr. M.P. Patni who retires by rotation and being eligible, offers himself for re-appointment.SpecialPromoters have an interest in it88.17% for11.83% against
Against: promoters 0.00% · institutions 34.72% · other public 0.01%
Turnout: all 39.77% · promoters 69.68% · institutions 87.64% · other public 13.04%
- Appointment of M/s. Angadi & Co. as Branch AuditorsOrdinary87.74% for12.26% against
Against: promoters 0.00% · institutions 40.64% · other public 0.01%
Turnout: all 44.92% · promoters 88.87% · institutions 87.64% · other public 13.04%
- Ratification of remuneration of Cost Auditors.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 44.92% · promoters 88.87% · institutions 87.64% · other public 13.04%
- Alteration of the Object Clause of the Memorandum of Association of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 44.92% · promoters 88.87% · institutions 87.64% · other public 13.04%
- Appointment of Mr. Sanjay Joshi (DIN: 01656787) as an Independent Director of the Company.Special99.91% for0.09% against
Against: promoters 0.00% · institutions 0.31% · other public 0.01%
Turnout: all 44.92% · promoters 88.87% · institutions 87.64% · other public 13.04%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 24 May 2023, 3 resolutions
- Sub-division of 1 (One) Equity share of the face value of Rs. 10/- (Rupees Ten Only) per share to 10 (Ten) Equity shares of face value of Re. 1/- (Rupee One Only) per share.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 43.92% · promoters 88.92% · institutions 96.54% · other public 11.51%
- Alteration of the Capital Clause in the Memorandum of AssociationSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 43.92% · promoters 88.92% · institutions 96.54% · other public 11.51%
- Alteration of the Capital Clause of the Articles of AssociationSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 43.92% · promoters 88.92% · institutions 96.54% · other public 11.51%
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 Sep 2022, 8 resolutions
Present: 5 promoters and 55 others.
- Adoption of Audited Standalone and Consolidated Financial Statements, Report of the Board of Directors and Auditors for the financial year ended March 31, 2022Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 43.58% · promoters 88.94% · institutions 95.31% · other public 14.10%
- Approval of DividendOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 43.71% · promoters 88.94% · institutions 96.45% · other public 14.10%
- Appointment of Mr. M.P. Patni who retires by rotation and being eligible, offers himself for re-appointmentSpecialPromoters have an interest in it91.14% for8.86% against
Against: promoters 0.00% · institutions 31.02% · other public 0.03%
Turnout: all 38.56% · promoters 69.87% · institutions 96.45% · other public 14.10%
- Appointment of M/s. Angadi & Co. as Branch AuditorsOrdinary89.54% for10.46% against
Against: promoters 0.00% · institutions 41.54% · other public 0.01%
Turnout: all 43.71% · promoters 88.94% · institutions 96.45% · other public 14.10%
- Ratification of remuneration of Cost AuditorsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 43.71% · promoters 88.94% · institutions 96.45% · other public 14.10%
- To increase the borrowing limit under section 180(1)(c) of the Companies Act, 2013Special81.93% for18.07% against
Against: promoters 0.00% · institutions 71.74% · other public 0.03%
Turnout: all 43.71% · promoters 88.94% · institutions 96.45% · other public 14.10%
- To approve the power to create charge on the assets of the company to secure borrowings up to INR 900 Crores pursuant to section 180(1)(a) of the Companies Act, 2013Special81.93% for18.07% against
Against: promoters 0.00% · institutions 71.74% · other public 0.03%
Turnout: all 43.71% · promoters 88.94% · institutions 96.45% · other public 14.10%
- Appointment of Mr. David Rasquinha (DIN:01172654) as an Independent Director of the CompanySpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 43.71% · promoters 88.94% · institutions 96.45% · other public 14.10%
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, 10 fund houses
To receive, consider and adopt the Audited Standalone Financial Statements and Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026 and the Reports of the Board of Directors and the Auditors thereon.MoreLess
10 for0 against- To declare Dividend on Equity Shares10 for0 against
- To appoint a Director in place of Mr. Dinesh Sharma (DIN: 00051986), who retires by rotation and being eligible, offers himself for re-appointment.
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance concern: The remuneration drawn by Mr. Dinesh Sharma appears disproportionately high for a Non-Executive Director, particularly when compared with the remuneration of the Company’s full-time Managing Director & Chief Executive Office. The Company has not provided adequate justification for the compensation, including the basis for the remuneration paid.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern identified w.r.t profile, time-commitment and attendance of Mr. Dinesh Sharma. Governance concern: The remuneration drawn by Mr. Dinesh Sharma appears disproportionately high for a Non-Executive Director, particularly when compared with the remuneration of the Company’s full-time Managing Director & CEO. The Company has not provided adequate justification for the compensation, including the basis for the remuneration paid.
6 for4 against - Ratification of Remuneration of Cost Auditors10 for0 against
Mutual fund votes, meeting of 24 May 2026, 11 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- To consider and approve ‘Ion Exchange (India) Limited – Employee Stock Option Scheme 2026’10 for0 against
- To consider and approve grant of employee stock options to the employees of subsidiary company(ies) of the Company under ‘Ion Exchange (India) Limited – Employee Stock Option Scheme 2026’10 for0 against
- To consider and approve secondary acquisition of shares through Trust route for the implementation of ‘Ion Exchange (India) Limited– Employee Stock Option Scheme 2026’11 for0 against
- To consider and approve provision of money by the Company for purchase of its own Shares by the Trust under the ‘Ion Exchange (India) Limited– Employee Stock Option Scheme 2026’11 for0 against
2 proposals not matched to one resolution
- Approve extension of Ion Exchange (India) Limited – Employee Stock Option Scheme 2026 (Ion ESOP 2026) to employees of subsidiary companies1 for0 against
- Approve Ion Exchange (India) Limited – Employee Stock Option Scheme 2026 (Ion ESOP 2026) under which upto 1.7 mn stock options can be granted1 for0 against
Mutual fund votes, meeting of 9 Sep 2025, 12 fund houses
5 proposals
- Adoption of Audited Standalone and Consolidated Financial Statements, Report of the Board of Directors and Auditors for the financial year ended March 31, 2025.12 for0 against
- Declaration of Dividend on Equity shares12 for0 against
- Appointment of Director in place of Mr. M.P.Patni (DIN:00515553), who retires by rotation and being eligible, offers himself for re-appointment12 for0 against
- Appointment of Secretarial Auditors of the Company12 for0 against
- Ratification of remuneration of Cost Auditors12 for0 against
Mutual fund votes, meeting of 11 Sep 2024, 7 fund houses
18 proposals
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Adoption of Audited Standalone and Consolidated Financial Statements, Report of the Board of Directors and Auditors for the financial year ended March 31, 2024.6 for0 against
- 2 - Approval of Dividend7 for0 against
- Appointment of Mr. M.P. Patni who retires by rotation and being eligible, offers himself for re-appointment7 for0 against
- 4 - To appoint Statutory Auditors of the Company
Against Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual FundNo issues on merit of the proposed Statutory Auditors. Non-Compliant with Regulation 36(5) of SEBI LODR: Proposed audit fee payable to Statutory Auditors not disclosed.
2 for4 against - 5 - Appointment of M/s. Angadi & Co. as Branch Auditors.
Against Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual FundNon-Compliant with Companies Act, 2013: Appointment of branch auditor proposed for term of 1 year only.
2 for5 against - 6 - Ratification of remuneration of Cost Auditors7 for0 against
- 7 - Change in Designation of Mr. Rajesh Sharma (DIN: 00515486) from Chairman & Managing Director to Chairman - Executive Director and remuneration payable to him
Against Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual FundCompliant with law. Governance Concern: Combined position of Chairman and Executive Director. No absolute cap on variable pay.
2 for5 against Appointment of Mr. Indraneel Dutt (DIN: 01942447) as a Director and Managing Director of the Company for the period of five years effective from 1st October, 2024 to 30th September, 2029 and remuneration payable to himMoreLess
7 for0 against9 - Change in Designation of Mr. Dinesh Sharma (DIN: 00051986) from Executive Director to Non-Executive and Non-Independent Director as Vice – Chairman and to appoint Mr. Dinesh Sharma to hold office or place of profitMoreLess
Against Bandhan Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual FundCompliant with law. Governance Concern: No absolute cap on proposed fees as an advisor to the Company; proposed remuneration does not appear to be justified.
- HDFC Mutual FundThe proposed remuneration is high considering the size and complexity of the business.
1 for6 against10 - Change in Designation of Mr. Aankur Patni (DIN: 00090657) from Executive Director to Non-Executive and Non-Independent Director as Vice Chairman and to appoint Mr. Aankur Patni to hold office or place of profitMoreLess
Against Bandhan Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual FundCompliant with law. Governance Concern: No absolute cap on proposed fees as an advisor to the Company; proposed remuneration does not appear to be justified.
- HDFC Mutual FundThe proposed remuneration is high considering the size and complexity of the business.
1 for6 against- 11 - Appointment of Mr. Amitava Guharoy (DIN:10708866) as an Independent Director of the Company
Against Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on merit of appointees. Non-Compliance: Shareholders’ approval not obtained for period as Additional Independent Director. Governance Concern: Proposed uncertain term of appointment may lead to potential non-compliance with section 149 of the Companies Act, 2013 if the 1st term of appointment will exceed >5 years.
- LIC Mutual FundNo concern on merit of appointees. Non-Compliance: Shareholders approval not obtained for period as Additional Independent Director. Governance Concern: Proposed uncertain term of appointment may lead to potential non-compliance with section 149 of the Companies Act, 2013 if the 1st term of appointment will exceed >5 years.
3 for4 against - 12 - Appointment of Mr. Gopalaraman Padmanabhan (DIN : 07130908) as an Independent Director of the Company
Against Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on merit of appointees. Non-Compliance: Shareholders’ approval not obtained for period as Additional Independent Director. Governance Concern: Proposed uncertain term of appointment may lead to potential non-compliance with section 149 of the Companies Act, 2013 if the 1st term of appointment will exceed >5 years.
- LIC Mutual FundNo concern on merit of appointees. Non-Compliance: Shareholders approval not obtained for period as Additional Independent Director. Governance Concern: Proposed uncertain term of appointment may lead to potential non-compliance with section 149 of the Companies Act, 2013 if the 1st term of appointment will exceed >5 years.
3 for4 against - 13 - Appointment of Mrs. Alka Arora Misra (DIN:08038518) as a Woman Independent Director of the Company
Against Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on merit of appointees. Non-Compliance: Shareholders’ approval not obtained for period as Additional Independent Director. Governance Concern: Proposed uncertain term of appointment may lead to potential non-compliance with section 149 of the Companies Act, 2013 if the 1st term of appointment will exceed >5 years.
- LIC Mutual FundNo concern on merit of appointees. Non-Compliance: Shareholders approval not obtained for period as Additional Independent Director. Governance Concern: Proposed uncertain term of appointment may lead to potential non-compliance with section 149 of the Companies Act, 2013 if the 1st term of appointment will exceed >5 years.
3 for4 against - 14 - To alter and adopt new set of Memorandum of Association (MOA) of the company as per the Companies Act, 2013.7 for0 against
- 15 - To alter and adopt new set of Articles of Association (AOA) of the Company as per the Companies Act, 2013
Against Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual FundCompliant with Law. Governance concern: Updated Articles of Association cannot be located on the website.
2 for5 against - 16 - To approve payment of Commission/Remuneration to Non-Executive Directors
Against Bandhan Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual FundCompliant with law. Governance Concern: No absolute cap on the future payments and the approval is not sought for a defined term; the rationale for the increase is not justified.
- HDFC Mutual FundThe proposed remuneration is high considering the size and complexity of the business.
1 for6 against
2 proposals not matched to one resolution
- Accept Financial Statements and Statutory Reports1 for0 against
- Approve Deloitte Haskins & Sells LLP, Chartered Accountants as Auditors and Authorize Board to Fix Their Remuneration1 for0 against
Mutual fund votes, meeting of 7 May 2024, 5 fund houses
2 proposals
Re-appointment of Mr. Dinesh Sharma (DIN: 00051986) as an Executive Director of the Company for the period of five years effective from 1st April, 2024 to 31st March, 2029 and remuneration payable to him.MoreLess
Against Franklin Templeton Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Franklin Templeton Mutual FundA vote AGAINST Dinesh Sharma is warranted because the board is chaired by an executive and promoter director and the board is not at least one-half independent and he is a non-independent director nominee.
- Groww Mutual Fund, Motilal Oswal Mutual FundAppointment compliant with law. No concern on the merit of proposed appointees. Governance concern: Board is not compliant with the provision relating to retirement of directors by rotation. No absolute cap on variable pay or total remuneration.
2 for3 againstRe-appointment of Mr. Aankur Patni (DIN: 00090657) as an Executive Director of the Company for the period of five years effective from 1st April, 2024 nto 31st March, 2029 and remuneration payable to him.MoreLess
Against Franklin Templeton Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Franklin Templeton Mutual FundA vote AGAINST Aankur Patni is warranted because the board is chaired by an executive and promoter director and the board is not at least one-half independent and he is a non-independent director nominee.
- Groww Mutual Fund, Motilal Oswal Mutual FundAppointment compliant with law. No concern on the merit of proposed appointees. Governance concern: Board is not compliant with the provision relating to retirement of directors by rotation. No absolute cap on variable pay or total remuneration.
2 for3 against
Mutual fund votes, meeting of 8 Sep 2023, 5 fund houses
7 proposals
- Adoption of Audited Standalone and Consolidated Financial Statements, Report of the Board of Directors and Auditors for the financial year ended March 31, 2023.5 for0 against
- Approval of Dividend.5 for0 against
- Appointment of Mr. M.P. Patni who retires by rotation and being eligible, offers himself for re-appointment.
Against Franklin Templeton Mutual Fund, Motilal Oswal Mutual Fund
- Franklin Templeton Mutual FundA vote AGAINST the nominee is warranted because the board independence norms are not met and MP Patni is a non independent director nominee.
- Motilal Oswal Mutual Fund"Compliant with law. No concern on merit per-se of the proposed appointee. Governance Concern: Proposed director is part of the board & NRC, which is continuously non-compliant u/s 152 of the Act for more than five years."
3 for2 against - Appointment of M/s. Angadi & Co. as Branch Auditors
Against Motilal Oswal Mutual Fund, Nippon India Mutual Fund
- Motilal Oswal Mutual FundNon-Compliant with Law. Appointment of branch auditor for term of only 1 year.
- Nippon India Mutual FundProposed appointment of auditor is for 1 year instead of 5 years
3 for2 against - Ratification of remuneration of Cost Auditors.5 for0 against
- Alteration of the Object Clause of the Memorandum of Association of the Company.5 for0 against
- Appointment of Mr. Sanjay Joshi (DIN: 01656787) as an Independent Director of the Company.
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundNo concern on merit of appointee. Governance Concern: Proposed uncertain term of appointment may lead to potential non-compliance with section 149 of the Companies Act, 2013. 1st term of appointment may exceed >5 years.
4 for1 against
Mutual fund votes, meeting of 24 May 2023, 3 fund houses
3 proposals
- Sub-division of 1 (One) Equity share of the face value of Rs. 10/- (Rupees Ten Only) per share to 10 (Ten) Equity shares of face value of Re. 1/- (Rupee One Only) per share.3 for0 against
- Alteration of the Capital Clause in the Memorandum of Association3 for0 against
- Alteration of the Capital Clause of the Articles of Association3 for0 against
Mutual fund votes, meeting of 8 Sep 2022, 2 fund houses
8 proposals
- Adoption of Audited Standalone and Consolidated Financial Statements, Report of the Board of Directors and Auditors for the financial year ended March 31, 20222 for0 against
- Approval of Dividend2 for0 against
- Appointment of Mr. M.P. Patni who retires by rotation and being eligible, offers himself for re-appointment
Against Franklin Templeton Mutual Fund
- Franklin Templeton Mutual FundA vote AGAINST the nominee is warranted as the board independence is not met and he is a non-independent director nominee.
1 for1 against - Appointment of M/s. Angadi & Co. as Branch Auditors
Against Nippon India Mutual Fund
- Nippon India Mutual FundProposed appointment of auditor is for 1 year instead of 5 years
1 for1 against - Ratification of remuneration of Cost Auditors2 for0 against
- To increase the borrowing limit under section 180(1)(c) of the Companies Act, 2013
Against Franklin Templeton Mutual Fund, Nippon India Mutual Fund
- Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted because: • The potential debt limit is considered excessive. • There is lack of sufficient information to determine the reasonableness of the potential debt limit.
- Nippon India Mutual Fundinadequate justification
0 for2 against - To approve the power to create charge on the assets of the company to secure borrowings up to INR 900 Crores pursuant to section 180(1)(a) of the Companies Act, 2013
Against Franklin Templeton Mutual Fund, Nippon India Mutual Fund
- Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted because: • The potential debt limit is considered excessive. • There is lack of sufficient information to determine the reasonableness of the potential debt limit.
- Nippon India Mutual Fundinadequate justification
0 for2 against - Appointment of Mr. David Rasquinha (DIN:01172654) as an Independent Director of the Company2 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines
Reported in the filing for the quarter to Sep 2026.
- Fine or penaltyAssisstance Commissioner Sector 3 GB Nagar Mobile squad 4 UPSince 3 Sep 2026
Penalty amount paid against Order of Demand of Tax and Penalty in form MOV-07 vide Order No.ZD090926029157Z dated 3/9/2026
Penalty Order for the amount of Rs.90000/- under Section 129 (1) a of the Central Goods and Services tax Tax Act,2017 read of the relevant provision of Integrated Goods and Services Tax Act 2017 - Fine or penaltyOffice of the Deputy/Assistant Commissioner JaipurSince 14 Aug 2026
Penalty paid under proceedings iniatiated under ADT 01 notice served in Rajasthan by Central Goods and Services Tax Audit Circle A
Penalty paid for the amount of Rs.15290/- under proceedings iniatiated under ADT 01 notice served in Rajasthan by Central Goods and Services Tax Audit Circle A with ref to Final Audit Report 247/2023-24 Audit Report under section 65(6) of the CGST Act, 2017MoreLess
In the company's own words, from its latest governance filing.
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
- Yes
- 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.