Kirloskar Ferrous Industries MD, chairman and AGM
NSE: KIRLFERBSE: 500245Ferrous MetalsSmall Cap
Kirloskar Ferrous Industries Limited · Face value ₹5 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Apr 1994
Last close ₹443.40down ₹4.45 (0.99%)BSE ₹442.40
Share price at the NSE close on 28 Oct 2026. Previous close ₹447.85.
28 Oct: open ₹447.85, high ₹447.85, low ₹440.95
52-week range of BSE trades to 28 Oct 2026
₹336.20Low, 23 Mar 2026₹530.00High, 31 Oct 2025
- Next results date: the board meets on 30 Oct 2026 to consider: quarterly results. 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
- ₹7,323 Cr668th 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
- 21.07
- 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 −₹47 crore of one-off items, the largest of them in the quarter to Jun 2026.
- 18.56
- 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
- 1.90
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.35%
- 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.
- 9.5%
- 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 −₹47 crore of one-off items, the largest of them in the quarter to Jun 2026.
- 10.8%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 11.6%
- 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.
- 0.27
- Volume, NSEVolume. Shares traded on the last trading day. Volume in the glossary
- 16,544
Kirloskar Ferrous Industries' chairperson is Rahul Chandrakant Kirloskar and its managing director Ravindranath Venkatesh Gumaste, as filed for the quarter to Jun 2026. Its latest annual general meeting was on 5 Aug 2026.
Kirloskar Ferrous Industries board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonRahul Chandrakant KirloskarRelated to the promoter
- Managing directorRavindranath Venkatesh Gumaste
- Company Secretary and Compliance OfficerMayuresh Gharpure
14 directors8 independent3 executive3 non-executive
- Rahul Chandrakant Kirloskar · ChairpersonNon-executive · joined Oct 2013 · reappointed Aug 2025 · 4 listed boards · 3 committee seats, 1 as chair
- Ravindranath Venkatesh Gumaste · Managing directorExecutive · joined Jul 2002 · reappointed Aug 2023 · 1 listed board
- Vijaydipak Mukundprasad VarmaIndependent · joined Mar 2020 · reappointed Sep 2024 · 76 months as independent · 2 listed boards · 2 as independent · 4 committee seats
- Sathyamoorthy VenkataramaniIndependent · joined Oct 2021 · 56 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
- Raviprakasha Srinivasa SrivatsanExecutive · joined May 2022 · 1 listed board · 1 committee seat
- Pravir Kumar VohraIndependent · joined Aug 2022 · 47 months as independent · 3 listed boards · 3 as independent · 4 committee seats
- Shalini SarinIndependent · joined May 2023 · 38 months as independent · 6 listed boards · 6 as independent · 4 committee seats, 1 as chair
- Maruthuvakudi Sankaranarayana SrinivasanIndependent · joined Jul 2024 · 24 months as independent · 1 listed board · 1 as independent
- Nishikant Balakrishna EktareExecutive · joined Aug 2024 · 1 listed board
- Pattanasetty RajashekharIndependent · joined Aug 2024 · 23 months as independent · 1 listed board · 1 as independent
- Sourirajan RajagopalanIndependent · joined Aug 2024 · 23 months as independent · 1 listed board · 1 as independent
- Aditi Atul KirloskarNon-executive · joined May 2025 · 1 listed board
- Aman Rahul KirloskarNon-executive · joined Nov 2025 · 2 listed boards
- Pallavi Pratap GokhaleIndependent · joined Jun 2026 · 1 month as independent · 4 listed boards · 3 as independent · 5 committee seats, 1 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- Mahesh Ramchand Chhabria, left 31 Mar 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 12 Jun 202614 of 14 present8 independent · 35 days in between
- 7 May 202613 of 13 present7 independent · 58 days in between
- 9 Mar 202613 of 13 present7 independent · 26 days in between
- 10 Feb 202612 of 13 present7 independent
Audit Committee
Chair Sathyamoorthy Venkataramani
Vijaydipak Mukundprasad Varma, Pravir Kumar Vohra, Pallavi Pratap Gokhale
- 12 Jun 20264 of 4 present4 independent · 35 days in between
- 7 May 20263 of 3 present3 independent · 58 days in between
- 9 Mar 20263 of 3 present3 independent · 26 days in between
- 10 Feb 20263 of 3 present3 independent
Nomination and remuneration committee
Chair Shalini Sarin
Rahul Chandrakant Kirloskar, Sathyamoorthy Venkataramani
- 11 Jun 20263 of 3 present2 independent · 34 days in between
- 7 May 20263 of 3 present2 independent · 85 days in between
- 10 Feb 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Rahul Chandrakant Kirloskar
Vijaydipak Mukundprasad Varma, Raviprakasha Srinivasa Srivatsan
No meeting listed in the filing.
Risk Management Committee
Chair Vijaydipak Mukundprasad Varma
Ravindranath Venkatesh Gumaste, Pravir Kumar Vohra, Sathyamoorthy Venkataramani
- 21 May 20264 of 4 present3 independent · 13 days in between
Corporate Social Responsibility Committee
Chair Rahul Chandrakant Kirloskar
Ravindranath Venkatesh Gumaste, Maruthuvakudi Sankaranarayana Srinivasan
- 7 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 auditors
Named in the results for the quarter to Mar 2026.
- Kirtane & Pandit LLP, Chartered AccountantsPeer-review certificate valid to Dec 2028
- P G BHAGWAT LLP, Chartered AccountantsPeer-review certificate valid to May 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Kirloskar Ferrous 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.Kirloskar Ferrous Industries dividend history
Annual general meeting, 5 Aug 2026
93,171 shareholders on the register on 29 Jul 2026; present: 11 promoters and 66 others; votes counted by Manasi Paradkar / Manasi Paradkar & Associates.The company's voting result
Adoption of the Audited Financial Statements (including Consolidated Financial Statements) of the Company for the financial year ended 31 March 2026 together with 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 0.00%
Turnout: all 70.66% · promoters 99.88% · institutions 94.13% · other public 18.52%
- Confirmation of the payment of Interim Dividend on equity shares and declaration of the Final Dividend on equity shares for the financial year ended 31 March 2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 70.66% · promoters 99.88% · institutions 94.15% · other public 18.52%
- Reappointment of Mr. Nishikant Balakrishna Ektare (DIN : 02109633), who retires by rotation and being eligible, offers himself for reappointment and to continue as the Executive Director (Operations).Ordinary99.97% for0.03% against
Against: promoters 0.00% · institutions 0.15% · other public 0.00%
Turnout: all 70.66% · promoters 99.88% · institutions 94.15% · other public 18.52%
- Ratification to the remuneration of M/s. Dhananjay V. Joshi & Associates as the Cost Auditor.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 70.66% · promoters 99.88% · institutions 94.15% · other public 18.52%
- Authority to the Board of Directors of the Company to borrow or raise funds not exceeding ? 1,000 Crores by issuance of non-convertible Debentures in one or more tranches on private placement basis.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 70.66% · promoters 99.88% · institutions 94.15% · other public 18.52%
- Reappointment of Mr. Sathya Moorthy Venkataramani (DIN : 00229998) as an Independent Director to hold office for another term upto 21 October 2031.Special97.99% for2.01% against
Against: promoters 0.00% · institutions 10.57% · other public 0.00%
Turnout: all 70.66% · promoters 99.88% · institutions 94.15% · other public 18.52%
- Appointment of Mrs. Pallavi Pratap Gokhale (DIN : 00036369) as an Independent Director of the Company to hold office for a term upto 11 June 2031.Special99.97% for0.03% against
Against: promoters 0.00% · institutions 0.14% · other public 0.00%
Turnout: all 70.66% · promoters 99.88% · institutions 94.15% · other public 18.52%
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 5 Aug 2026, 7 fund houses
Adoption of the Audited Financial Statements (including Consolidated Financial Statements) of the Company for the financial year ended 31 March 2026 together with the Reports of the Board of Directors and the Auditors' thereon.MoreLess
7 for0 against- Confirmation of the payment of Interim Dividend on equity shares and declaration of the Final Dividend on equity shares for the financial year ended 31 March 2026.7 for0 against
- Reappointment of Mr. Nishikant Balakrishna Ektare (DIN : 02109633), who retires by rotation and being eligible, offers himself for reappointment and to continue as the Executive Director (Operations).7 for0 against
- Ratification to the remuneration of M/s. Dhananjay V. Joshi & Associates as the Cost Auditor.7 for0 against
- Authority to the Board of Directors of the Company to borrow or raise funds not exceeding ? 1,000 Crores by issuance of non-convertible Debentures in one or more tranches on private placement basis.7 for0 against
- Reappointment of Mr. Sathya Moorthy Venkataramani (DIN : 00229998) as an Independent Director to hold office for another term upto 21 October 2031.
Against LIC Mutual Fund, Motilal Oswal Mutual Fund
- LIC Mutual FundCompliant with law. Transparency concern: As per the disclosures provided by the Company in the Notice, it is unclear whether the proposed appointee s directorship held in Group Company is Independent.
- Motilal Oswal Mutual FundCompliant with law. Transparency concern: As per the disclosures provided by the Company in the Notice, it is unclear whether the proposed appointee’s directorship held in Group Company is Independent.
5 for2 against - Appointment of Mrs. Pallavi Pratap Gokhale (DIN : 00036369) as an Independent Director of the Company to hold office for a term upto 11 June 2031.7 for0 against
Mutual fund votes, meeting of 12 Jan 2026, 9 fund houses
- Appointment of Mr. Aman Rahul Kirloskar (DIN : 09823056) as a Non-Independent and Non-Executive Director of the Company liable to retire by rotation.9 for0 against
Mutual fund votes, meeting of 4 Aug 2025, 8 fund houses
7 proposals
Appointment of M/s. M. J. Risbud and Co, Company Secretaries [a peer reviewed proprietorship firm owned by Mr. Mahesh Janardan Risbud, practicing company secretary and having Unique Identification Number S1981MH000400] as the Secretarial Auditor of the Company to hold office for a term from the conclusion of the 34th annual general meeting till the conclusion of 39th annual general meeting of the Members of the Company and to provide the secretarial audit reports from the financial year ending 31 March 2026 to the financial year ending 31 March 2030 and including remuneration.MoreLess
8 for0 againstAppointment of Ms. Aditi Atul Kirloskar (DIN : 07480446) as an Additional Director in the category of Non-Independent and Non-Executive Director of the Company liable to retire by rotation with effect from 10 May 2025.MoreLess
8 for0 against- To appoint a Director in the place of Mr. Rahul Chandrakant Kirloskar (DIN : 00007319), who retires by rotation and being eligible, offers himself for reappointment.8 for0 against
- To borrow or raise funds not exceeding Rs. 10,000,000,000 by issuance of non-convertible debentures having a face value of Rs. 1,000,000 each, in one or more tranches, on private placement basis.8 for0 against
- To confirm the payment of Interim Dividend on equity shares and to declare the Final Dividend on equity shares for the financial year ended 31 March 2025.
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundSufficient funds for payment of dividend. Governance Concern has been raised under resolution #1, since dividend payment constitutes an appropriation of profits, it cannot proceed unless the financial statements are approved.
7 for1 against To ratify the remuneration of Rs. 1,100,000 plus applicable taxes thereon and reimbursement of out-of-pocket expenses payable to M/s. Dhananjay V. Joshi and Associates (Firm Registration No. 000030) Cost Accountants appointed by the Board of Directors as the Cost Auditor to conduct the audit of cost accounting records for the financial year ending 31 March 2026.MoreLess
8 for0 againstTo receive, consider and adopt the Audited Financial Statements (including Consolidated Financial Statements) of the Company for the financial year ended 31 March 2025 together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundUnqualified financial statements. Compliant with Indian Accounting Standards. Governance Concern: Undisputed Statutory Dues unpaid for more than 2 years and no explanation from management under CARO observations.
7 for1 against
Mutual fund votes, meeting of 24 Sep 2024, 6 fund houses
18 proposals
- Alteration in Articles of Association of the Company by inserting new Article 87(c) i.e., Appointment of Chairman Emeritus of the Company after the present Article 87(b).
Against Bandhan Mutual Fund
- Bandhan Mutual FundCompliant with law. Governance concern: Sole discretion of the Board to appoint and decide remuneration of Chairman Emeritus.
5 for1 against Appointment of M/s. P G Bhagwat LLP, Chartered Accountants (Firm Registration Number 101118W / W100682) as the statutory auditor to hold office for a term from conclusion of 33rd annual general meeting till conclusion of 38th annual general meeting of the Members of the Company.MoreLess
6 for0 against- Appointment of Mr. Maruthuvakudi Sankaranarayana Srinivasan (DIN: 10709097), as an Independent Director of the Company to hold office for a term upto 15 July 2029.6 for0 against
- Appointment of Mr. Nishikant Balkrishna Ektare (DIN : 02109633) as a Director of the Company.6 for0 against
- Appointment of Mr. Nishikant Balkrishna Ektare (DIN : 02109633) as the Executive Director (Operations) for a term from 9 August 2024 to 9 March 2027 and including remuneration.6 for0 against
- Appointment of Mr. Pattanasetty Rajashekhar (DIN : 09514548), as an Independent Director of the Company to hold office for a term upto 8 August 2029.6 for0 against
- Appointment of Mr. Sourirajan Rajagopalan (DIN : 10738323) as an Independent Director of the Company to hold office for a term upto 31 August 2028.6 for0 against
Ratification of remuneration of Rs. 1,000,000 plus applicable taxes thereon and reimbursement of out of pocket expenses payable to Dhananjay V. Joshi and Associates, Cost Accountants (Firm Registration No. 000030) appointed by the Board of Directors as the Cost Auditor of the Company to conduct the audit of cost accounting records for the financial year ending 31 March 2025.MoreLess
6 for0 against- Re-appointment of Mr. Vijaydipak Mukundprasad Varma (DIN : 00011352), as an Independent Director of the Company to hold office for another term upto 30 September 2026.6 for0 against
- The vacancy arising out of Mr. Anil Narayan Alawani (DIN : 00036153), who retires by rotation and has expressed to retire as a Director, be not filled up at this meeting or any adjournment.6 for0 against
- The vacancy arising out of Mr. Atul Chandrakant Kirloskar (DIN : 00007387), who retires by rotation and has expressed to retire as a Director, be not filled up at this meeting or any adjournment.6 for0 against
- To appoint a Director in the place of Mr. Mahesh Ramchand Chhabria (DIN : 00166049), who retires by rotation and being eligible, offers himself for reappointment.6 for0 against
To borrow from time to time in such manner as deem fit for the purpose of the business operations of the Company any sum or sums of money, which together with the monies borrowed earlier by the Company (apart from temporary loans obtained or to be obtained from the bankers of the Company in the ordinary course of business) may exceed at any time the aggregate of the paid up share capital, the free reserves and the securities premium of the Company by a sum of not more than Rs. 2,000 Crores.MoreLess
6 for0 against- To borrow or raise funds not exceeding Rs. 10,000,000,000 by issuance of non-convertible debentures having a face value of Rs. 1,000,000 each, in one or more tranches, on private placement basis.6 for0 against
- To confirm the payment of Interim Dividend on equity shares and to declare the Final Dividend on equity shares for the financial year ended 31 March 2024.6 for0 against
To create security from time to time by way of mortgage(s), pledge(s), lien(s), hypothecation(s), charge(s), and/ or any other encumbrance(s) in addition to existing pledge(s), lien(s), mortgage(s), hypothecation(s) and/ or charge(s) created by the Company, in such form and manner and with such ranking and at such time and on such terms as the Board of Directors may determine, on all or any of the assets of the Company (including immovable and/ or movable properties of the Company), both present and future, and/ or the whole or substantially the whole of the undertaking(s) wheresoever situated, in favour of bank(s) / non-banking financial companies / public financial institution(s) / body corporate(s) / security trustee(s) / debenture trustee(s) / investor(s), to secure the loan(s) and/or the credit facilities and/ or the debt(s), availed / to be availed by the Company and/ or debenture(s) / bond(s), issued / to be issued, upto a sum of Rs. 3,000 Crores at any point of time.MoreLess
6 for0 againstTo giving loans to any person(s) or other body corporate(s), giving guarantees or providing security in connection with a loan to any other body corporate(s) or person(s), acquiring whether by way of subscription, purchase or otherwise, the securities of any other body corporate(s), upto a sum, the aggregate outstanding of which shall not exceed at any time by Rs. 2,000 Crores over and above the aggregate of the paid up share capital, the free reserves and the securities premium of the Company.MoreLess
Against 360 One Mutual Fund, Bandhan Mutual Fund, HDFC Mutual Fund
- 360 One Mutual FundAs on 31 March 2024, KFL’s had made investments and given loans to subsidiaries amounting to Rs. 3.2 bn, utilizing 11.0% of its automatic limit under section 186. The company expects with the increase in operations post-merger of ISMT by addition of steel and tubes business and for achieving greater financial flexibility, an enhancement in intercorporate limit is being proposed at Rs. 20.0 bn over and above the regulatory limit. We note with utilization at 11%, there is ample headroom available under the current limit. Therefore the need to a higher limit is unclear. Also we do not support rolling limits (linked to net worth) and recommend that companies seek shareholder approval for a fixed quantum. Therefore, we do not support the resolution.
- Bandhan Mutual FundCompliant with law. Governance & Transparency concern: Inadequate disclosures.
- HDFC Mutual FundGiven these are rolling limits linked to networth, shareholders will not get a chance to periodic review the borrowing limits
3 for3 againstTo receive, consider and adopt the Audited Financial Statements (including Consolidated Financial Statements) of the Company for the financial year ended 31 March 2024 together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
6 for0 against
Mutual fund votes, meeting of 14 Mar 2024, 6 fund houses
1 proposal
- Scheme of Arrangement and Merger between ISMT Limited (Transferor Company) and Kirloskar Ferrous Industries Limited (Transferee Company) and their respective shareholders (Scheme).6 for0 against
Mutual fund votes, meeting of 3 Aug 2023, 5 fund houses
8 proposals
- Appointment of Dr. Shalini Sarin (DIN : 06604529), as an Independent Director of the Company to hold office for a term upto 12 May 2028.5 for0 against
Ratify the remuneration of Rs.300,000 plus applicable taxes thereon and reimbursement of out-of-pocket expenses payable to Dhananjay V. Joshi & Associates, Cost Accountants, appointed by the Board of Directors as the Cost Auditor of the Company to conduct the audit of cost accounting records for the financial year ending 31 March 2024.MoreLess
5 for0 against- Re-appointment of Mr. Ravindranath Venkatesh Gumaste (DIN : 00082829) as the Managing Director for a term of five years with effect from 1 July 2023 and including remuneration.5 for0 against
- To appoint a Director in the place of Mr. Rahul Chandrakant Kirloskar (DIN : 00007319), who retires by rotation and being eligible, offers himself for re-appointment.5 for0 against
- To borrow or raise funds not exceeding Rs.750,00,00,000 by issuance of non-convertible debentures having a face value of Rs.10,00,000 each, in one or more tranches, on private placement basis.5 for0 against
- To confirm the payment of Interim Dividend on equity shares and to declare Final Dividend on equity shares for the financial year ended 31 March 2023.5 for0 against
- To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31 March 2023 together with the Report of Auditors thereon.5 for0 against
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31 March 2023 together with the Reports of the Board of Directors and the Auditors’ thereon.MoreLess
5 for0 against
Mutual fund votes, meeting of 16 Oct 2022, 3 fund houses
2 proposals
- Appointment of Mr. Pravir Kumar Vohra (DIN : 00082545) as an Independent Director of the Company to hold office for a term upto 4 August 2027.3 for0 against
To create security from time to time by way of mortgage(s), pledge(s), lien(s), hypothecation(s), charge(s), and/or any other encumbrance(s) in addition to existing pledge(s), lien(s), mortgage(s), hypothecation(s) and/or charge(s) created by the Company, in such form and manner and with such ranking and at such time and on such terms as the Board of Directors may determine, on all or any of the assets of the Company (including immovable and/or movable properties of the Company) to be issued, upto a sum of Rs.2,000 Crores at any point of time.MoreLess
3 for0 against
Mutual fund votes, meeting of 1 Aug 2022, 2 fund houses
9 proposals
Appointment of Mr. Raviprakasha Srinivasa Srivatsan, Chief Financial Officer (DIN : 0009607651) as the Executive Director (Finance) for a term of five years with effect from 17 May 2022, on such terms and conditions (including terms of remuneration )MoreLess
2 for0 againstAppointment of Mr. Raviprakasha Srinivasa Srivatsan (DIN : 0009607651) who is the Chief Financial Officer of the Company as an Additional Director and the Executive Director (Finance) by the Board of Directors with effect from 17 May 2022.MoreLess
2 for0 againstRatify the remuneration by way of fees the sum Rs. 300,000 plus applicable taxes thereon and reimbursement of out-of-pocket expenses payable to ‘Dhananjay V. Joshi & Associates, Cost Accountants’, who have been appointed by the Board of Directors as the Cost Auditor of the Company to conduct the audit of cost accounting records for the financial year ending 31 March 2023.MoreLess
2 for0 against- Re-appointment of Mr. Yashwant Sripad Bhave (DIN : 00057170) as an Independent Director of the Company to hold office for another term upto 15 July 2024.2 for0 against
- To appoint a Director in the place of Mr. Mahesh Ramchand Chhabria (DIN : 00166049), who retires by rotation and being eligible, offers himself for reappointment.2 for0 against
- To confirm the payment of Interim Dividend on equity shares and to declare Final Dividend on equity shares for the financial year ended 31 March 2022.2 for0 against
To enter into following contract(s)/ transaction(s)/ arrangement(s) with ISMT Limited, which is a subsidiary company and a related party within the meaning of Section 2(76) of the Companies Act, 2013, upto a sum not exceeding Rs. 1,500 Crores in any financial year commencing from the financial year 2022–2023.MoreLess
Against HDFC Mutual Fund
- HDFC Mutual FundCompany has not given any time limits and is thus, seeking approval in perpetuity for a large transaction value relative to the company's size
1 for1 against- To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31 March 2022 together with the Report of Auditors thereon.2 for0 against
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31 March 2022 together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
2 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Tax disputes
Reported in the filing for the quarter to Jun 2026.
- Tax disputeIncome Tax Act, 1961 - Demand Notice from the Income Tax Authority in respect of the Assessment Year 2021-2022.Since 28 Dec 2022Appeal filed with National Faceless Appeal Centre
- Tax disputeIncome Tax Act, 1961 - Order passed by the National Assessment Centre disallowing few items in the statement of profit and loss.Since 8 Sep 2022Appeal filed with National Faceless Appeal Centre
- Tax disputeIncome Tax Act, 1961 - Demand notice received from the Assessing Officer disallowing few items in the statement of profit and loss in respect of the Assessment Year 2023-2024.Since 24 Mar 2025Appeal filed with the Joint Commissioner (Appeals) / the Commissioner of Income Tax (Appeals).
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
At most 4 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
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.