Sula Vineyards CEO, chairman, board of directors and AGM
NSE: SULABSE: 543711BeveragesSmall Cap
Share price at the NSE close on 29 Oct 2026. Previous close ₹127.09.
29 Oct: open ₹127.00, high ₹129.50, low ₹126.23
- Next results date: the board meets on 5 Nov 2026 to consider: financial results. 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
- ₹1,088 Cr1,299th 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
- 43.91
- 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
- 1.85
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.55%
- 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.
- 4.2%
- 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.
- 7.0%
- 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.
- 0.50
- 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
- 1,76,41237.3% delivered
Sula Vineyards' chairperson is Alok Sureshchandra Vajpeyi and its managing director and CEO Rajeev Samant, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 25 Jun 2026.
Sula Vineyards 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
- ChairpersonAlok Sureshchandra Vajpeyi
- Managing director and CEORajeev Samant
- Company Secretary and Compliance OfficerGayathri Iyer
7 directors4 independent1 executive2 non-executive
- Alok Sureshchandra Vajpeyi · ChairpersonIndependent · joined Dec 2021 · reappointed Dec 2024 · 57 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Rajeev Samant · Managing director and CEOExecutive · joined Feb 2003 · 1 listed board
- Chetan DesaiIndependent · joined Dec 2021 · reappointed Dec 2024 · 57 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 5 as chair
- Sangeeta TanwaniIndependent · joined Dec 2021 · reappointed Dec 2024 · 57 months as independent · 3 listed boards · 2 as independent · 3 committee seats
- Anant S IyerIndependent · joined Nov 2024 · 22 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Deepak ShahdadpuriNon-executive · joined Apr 2024 · 1 listed board · 1 committee seat
- Chaitanya Kamal RathiNon-executive · joined Aug 2026 · 1 listed board · 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.
1 director who left
- Nicholas Peter Y Cator, left 25 Jun 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 6 Aug 20267 of 7 present4 independent · 56 days in between
- 10 Jun 20267 of 7 present4 independent · 34 days in between
- 6 May 20267 of 7 present4 independent · 21 days in between
- 14 Apr 20267 of 7 present4 independent
Audit Committee
Chair Chetan Desai
Alok Sureshchandra Vajpeyi, Sangeeta Tanwani, Anant S Iyer
- 6 Aug 20264 of 4 present4 independent · 56 days in between
- 10 Jun 20264 of 4 present4 independent · 34 days in between
- 6 May 20264 of 4 present4 independent
Nomination and remuneration committee
Chair Chetan Desai
Alok Sureshchandra Vajpeyi, Sangeeta Tanwani, Anant S Iyer, Deepak Shahdadpuri, Chaitanya Kamal Rathi
- 6 Aug 20265 of 5 present4 independent · 113 days in between
- 14 Apr 20266 of 6 present4 independent
Stakeholders Relationship Committee
Chair Alok Sureshchandra Vajpeyi
Anant S Iyer, Deepak Shahdadpuri, Chaitanya Kamal Rathi
No meeting listed in the filing.
Risk Management Committee
Chair Sangeeta Tanwani
Alok Sureshchandra Vajpeyi, Chetan Desai, Anant S Iyer, Deepak Shahdadpuri, Gorakh Gaikwad, Rinku More
- 6 Aug 20265 of 5 present4 independent
Corporate Social Responsibility Committee
Chair Chetan Desai
Rajeev Samant, Sangeeta Tanwani, Deepak Shahdadpuri, Chaitanya Kamal Rathi
- 6 May 20265 of 5 present2 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Jun 2026.
- Walker Chandiok & Co LLPPeer-review certificate valid to May 2028
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.
Sula Vineyards 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.Sula Vineyards dividend history
Postal ballot, 7 Oct 2026
2,67,197 shareholders on the register on 4 Sep 2026; votes counted by Martinho Ferrao / Martinho Ferrao & Associates.
- Appointment of Mr. Chaitanya Rathi (DIN: 07705302) as Non - Executive Non-Independent Director of the Company, liable to retire by rotationOrdinary99.75% for0.25% against
Against: promoters 0.00% · institutions 0.00% · other public 2.37%
Turnout: all 44.49% · promoters 100.00% · institutions 93.64% · other public 7.95%
- Payment of commission to Mr. Chaitanya Rathi (DIN: 07705302) as Non-Executive Non-Independent Director of the CompanySpecial99.72% for0.28% against
Against: promoters 0.00% · institutions 0.00% · other public 2.69%
Turnout: all 44.49% · promoters 100.00% · institutions 93.64% · other public 7.95%
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, 25 Jun 2026, 4 resolutions
2,67,899 shareholders on the register on 18 Jun 2026; present: 1 promoter and 73 others; votes counted by Martinho Ferrao / Martinho Ferrao & Associates.The company's voting result
To receive, consider and adopt the Audited Financial Statements (standalone and consolidated) of the Company for the Financial Year ended 31st March, 2026, including the Audited Balance Sheet as at 31st March, 2026, the Statement of Profit and Loss and cash flow statement for the financial year ended on that date together with the Reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 44.21% · promoters 100.00% · institutions 91.87% · other public 4.99%
- To consider and declare final dividend of Rs. 2/- (100%) per Ordinary (Equity) Shares of the face value of Rs. 2 each for the financial year ended 31st March, 2026.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.12%
Turnout: all 44.21% · promoters 100.00% · institutions 91.87% · other public 4.99%
To consider and approve retirement by rotation of Mr. Nicholas Cator (DIN: 07068629), Director, liable to retire by rotation at the Annual General Meeting and who does not seek re-appointment upon expiry of his term.MoreLess
Ordinary99.98% for0.02% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.37%
Turnout: all 44.21% · promoters 100.00% · institutions 91.87% · other public 4.99%
- To consider and approve payment of Commission to Non-executive Directors of the Company.Special99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 0.83%
Turnout: all 44.21% · promoters 100.00% · institutions 91.87% · other public 4.99%
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, 11 Dec 2025, 1 resolution
2,77,727 shareholders on the register on 7 Nov 2025; votes counted by Martinho Ferrao / Martinho Ferrao & Associates.The company's voting result
- Re-appointment and remuneration of Mr. Rajeev Samant (DIN: 00020675) as Managing Director and Chief Executive Officer of the CompanySpecialPromoters have an interest in it92.88% for7.12% against
Against: promoters 0.00% · institutions 16.73% · other public 2.62%
Turnout: all 51.20% · promoters 100.00% · institutions 95.74% · other public 11.13%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 26 Jun 2025, 4 resolutions
2,67,431 shareholders on the register on 18 Jun 2025; present: 1 promoter and 74 others; votes counted by Martinho Ferrao / Martinho Ferrao & Associates.The company's voting result
To receive, consider and adopt the audited financial statements (standalone and consolidated) for the Financial Year ended 31st March 2025, including balance sheet as at 31st March 2025, the statement of profit and loss and cash flow statement for the financial year ended on that date 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 42.57% · promoters 87.41% · institutions 76.49% · other public 2.53%
- To declare final dividend of Rs.3.60 /- (Rupees Three and Sixty Paise) per equity share of Rs. 2 (Rupees Two) each, for financial year 2024-25Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.28%
Turnout: all 42.57% · promoters 87.41% · institutions 76.49% · other public 2.53%
- To re-appoint Mr. Deepak Shahdadpuri (DIN: 00444270), who retires by rotation and being eligible offers himself for re-appointmentOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.48%
Turnout: all 42.57% · promoters 87.41% · institutions 76.49% · other public 2.53%
- To appoint Sunil Agarwal & Co. (CP No.: 3286), Practicing Company Secretary as secretarial auditor of the Company and to fix remunerationOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.29%
Turnout: all 42.57% · promoters 87.41% · institutions 76.49% · other public 2.53%
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, 15 Dec 2024, 4 resolutions
- Appointment of Mr. Anant Iyer (DIN: 00610131) as an Independent Director of the CompanySpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.27%
Turnout: all 47.92% · promoters 86.36% · institutions 76.38% · other public 8.87%
- Re- appointment of Mr. Chetan Desai (DIN: 03595319) as an Independent Director of the CompanySpecial89.18% for10.82% against
Against: promoters 0.00% · institutions 22.92% · other public 0.34%
Turnout: all 47.92% · promoters 86.36% · institutions 76.38% · other public 8.87%
- Re- appointment of Mr. Alok Vajpeyi (DIN: 00019098) as an Independent Director of the CompanySpecial89.01% for10.99% against
Against: promoters 0.00% · institutions 23.29% · other public 0.34%
Turnout: all 47.92% · promoters 86.36% · institutions 76.38% · other public 8.87%
- Re- appointment of Ms. Sangeeta Tanwani (DIN: 03321646) as an Independent Director of the CompanySpecial99.90% for0.10% against
Against: promoters 0.00% · institutions 0.14% · other public 0.39%
Turnout: all 47.91% · promoters 86.36% · institutions 76.38% · other public 8.84%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 26 Jun 2024, 4 resolutions
Present: 3 promoters and 40 others.
1. To receive, consider and adopt:na. the audited standalone financial statements of the Company for the financial year ended March 31, 2024 including balance sheet as at March 31, 2024 the statement of profit and loss and cash flow statement for the financial year ended on that date together with the reports of the board of directors and the statutory auditors thereon; andnnb. the audited consolidated financial statements of the Company for the financial year ended March 31, 2024 including balance sheet as at March 31, 2024 the statement of profit and loss and cash flow statement for the financial year ended on that date together with the report of the statutory auditors thereon.MoreLess
Ordinary99.97% for0.03% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 52.07% · promoters 0.00% · institutions 0.00% · other public 52.07%
2. To consider and declare final dividend for financial year 2023-24 and if thought fit, to pass, with or without modification(s), the following Resolution as an Ordinary Resolution: RESOLVED THAT pursuant to the recommendation made by the board of directors, a dividend at the rate of Rs. 4.50/- per equity share be and is hereby declared out of profits of financial year 2023-24 to the equity shareholders of the Company whose names appear in the Registrar of Members of the Company as on May 22, 2024.MoreLess
Ordinary99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 52.07% · promoters 0.00% · institutions 0.00% · other public 52.07%
3. Re-appointment of Director in the place of retiring director To re-appoint Nicholas Cator (DIN 07068629), who retires by rotation and being eligible offers himself for re-appointment. To consider and if thought fit, to pass the following resolution, with or without modification(s), as an Ordinary Resolution: RESOLVED THAT pursuant to the provisions of section 152 of the Companies Act, 2013 and rules made thereunder (including any statutory modification and reenactment thereof) and other applicable provisions, if any of the Companies Act, 2013, Mr. Nicholas Cator (DIN 07068629) who is liable to retire by rotation at the 21st Annual General Meeting and being eligible has offered himself for appointment, be and is hereby re-appointed as a Director of the Company, liable to retire by rotation.MoreLess
Ordinary99.52% for0.48% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.48%
Turnout: all 52.07% · promoters 0.00% · institutions 0.00% · other public 52.07%
Regularization of appointment of Mr. Deepak Shahdadpuri (DIN 00444270) as a Non-Executive Director. To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution RESOLVED THAT pursuant to the provisions of Sections 152 and all other applicable provisions of the Companies Act, 2013 read with rules made thereunder [including any statutory modification(s) or re-enactment(s) thereof for the time being in force] and as per relevant provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 and the Articles of Association of the Company, pursuant to recommendation of the Nomination and Remuneration Committee and approval of the Board of Directors, Mr. Deepak Shahdadpuri (DIN: 00444270), who was appointed as an Additional Non-Executive Director of the Company in terms of Section 161 of the Companies Act, 2013, be and is hereby appointed as an Non-Executive Director of the Company with effect from April 04, 2024 whose office shall be liable to retire by rotation.MoreLess
Ordinary93.27% for6.73% againstAgainst: promoters 0.00% · institutions 0.00% · other public 6.73%
Turnout: all 52.07% · promoters 0.00% · institutions 0.00% · other public 52.07%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 18 Dec 2023, 3 resolutions
- APPOINTMENT OF MR. NICHOLAS CATOR (DIN: 07068629) AS NON-EXECUTIVE DIRECTOR OF THE COMPANYOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 72.93% · promoters 100.00% · institutions 85.08% · other public 42.32%
- APPROVAL OF ¿SULA EMPLOYEE STOCK OPTION SCHEME 2023¿ (¿ESOS 2023¿/ ¿SCHEME¿)Special88.58% for11.42% against
Against: promoters 0.00% · institutions 27.06% · other public 0.05%
Turnout: all 72.93% · promoters 100.00% · institutions 85.08% · other public 42.32%
- APPROVE GRANT OF STOCK OPTIONS TO THE EMPLOYEES OF SUBSIDIARY COMPANY(IES) OF THE COMPANY UNDER ¿SULA EMPLOYEE STOCK OPTION SCHEME 2023¿Special88.57% for11.43% against
Against: promoters 0.00% · institutions 27.06% · other public 0.07%
Turnout: all 72.93% · promoters 100.00% · institutions 85.08% · other public 42.32%
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, 23 Jun 2023, 4 resolutions
Present: 1 promoter and 82 others.
1. To receive, consider and adopt:n a. The audited standalone financial statements of the Company for the financial year ended March 31, 2023, including balance sheet as at March 31 2023, the statement of profit and loss and cash flow statement for the financial year ended on that date together with the reports of the board of directors and the statutory auditors thereon; and nb. The audited consolidated financial statements of the Company for the financial year ended March 31, 2023, including balance sheet as at March 31 2023, the statement of profit and loss and cash flow statement for the financial year ended on that date together with the report of the statutory auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.93% · promoters 100.00% · institutions 65.34% · other public 53.09%
- To consider and declare final dividend for financial year 2022-23.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.93% · promoters 100.00% · institutions 65.34% · other public 53.09%
- To re-appoint Mr. Roberto Italia (DIN: 09228481) as director, who retires by rotation and being eligible offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.93% · promoters 100.00% · institutions 65.34% · other public 53.09%
- Regularization of appointment of Mr. Riyaaz Amlani (DIN: 00261209) additional Independent Director as an Independent Director.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.93% · promoters 100.00% · institutions 65.34% · other public 53.09%
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.
Mutual fund votes, meeting of 25 Jun 2026, 4 fund houses
To receive, consider and adopt the Audited Financial Statements (standalone and consolidated) of the Company for the Financial Year ended 31st March, 2026, including the Audited Balance Sheet as at 31st March, 2026, the Statement of Profit and Loss and cash flow statement for the financial year ended on that date together with the Reports of the Board of Directors and Auditors thereon.MoreLess
4 for0 against- To consider and declare final dividend of Rs. 2/- (100%) per Ordinary (Equity) Shares of the face value of Rs. 2 each for the financial year ended 31st March, 2026.4 for0 against
To consider and approve retirement by rotation of Mr. Nicholas Cator (DIN: 07068629), Director, liable to retire by rotation at the Annual General Meeting and who does not seek re-appointment upon expiry of his term.MoreLess
4 for0 against- To consider and approve payment of Commission to Non-executive Directors of the Company.4 for0 against
Mutual fund votes, meeting of 11 Dec 2025, 4 fund houses
- Re-appointment and remuneration of Mr. Rajeev Samant (DIN: 00020675) as Managing Director and Chief Executive Officer of the Company
Against SBI Mutual Fund
- SBI Mutual FundRajeev Samant, 58, is Promoter, Managing Director and Chief Executive Officer. He was paid a remuneration of Rs. 58.8 mn in FY25 (including perquisites / allowances as per AR25). While there is no increment in fixed pay, he is eligible to variable compensation of 2.5% of consolidated profit after tax and the company has capped his salary and variable pay at Rs. 55.0 mn. He is also eligible for reimbursement of business-related expenses (treated as perquisites / allowance in earlier years) capped at Rs. 18.3 mn which the company does not treat as his remuneration – taking overall remuneration for FY26 to Rs 78.3 mn. There is no clarity with respect to his performance metrics which will determine the variable pay. Further, the company must clarify on the treatment of reimbursements (in the current postal ballot notice) which were disclosed as allowances and perquisites at the time of his appointment in Postal Ballot of March 2023 and in all Annual reports since then. We note that even if the company does not report profits, he will receive the same fixed remuneration since the resolution proposes to pay minimum remuneration. While we support Rajeev Samant’s reappointment as Managing Director and CEO, we do not support his proposed remuneration – which is high for the size of business and higher than industry peers. Further, we expect clarity on the rationale for change in treatment of allowances and perquisites. On SBIMF framework, we observe that, the salary does not have a variable component which is more than 50%. We also observe that promoter family pay is above the regulatory threshold. Moreover, salary growth is not in line with the sales and PAT growth of the company . The salary as % of annual sales and ratio of the salary to the median employee is not in line with its peers. Hence, we do not support the resolution.
3 for1 against
Mutual fund votes, meeting of 26 Jun 2025, 8 fund houses
4 proposals
To receive, consider and adopt the audited financial statements (standalone and consolidated) for the Financial Year ended 31st March 2025, including balance sheet as at 31st March 2025, the statement of profit and loss and cash flow statement for the financial year ended on that date together with the reports of the board of directors’ and the statutory auditors’ thereon;MoreLess
8 for0 against- To declare final dividend of Rs.3.60 /- (Rupees Three and Sixty Paise) per equity share of Rs. 2 (Rupees Two) each, for financial year 2024-258 for0 against
- To re-appoint Mr. Deepak Shahdadpuri (DIN: 00444270), who retires by rotation and being eligible offers himself for re-appointment8 for0 against
- To appoint Sunil Agarwal & Co. (CP No.: 3286), Practicing Company Secretary as secretarial auditor of the Company and to fix remuneration8 for0 against
Mutual fund votes, meeting of 15 Dec 2024, 6 fund houses
4 proposals
- Appointment of Mr. Anant Iyer (DIN: 00610131) as an Independent Director of the Company6 for0 against
- Re- appointment of Mr. Chetan Desai (DIN: 03595319) as an Independent Director of the Company
Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on the merits of proposed Appointee. Governance Concern: No cooling off period served from his transition/appointment from NED to ID
3 for3 against - Re- appointment of Mr. Alok Vajpeyi (DIN: 00019098) as an Independent Director of the Company
Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on the merits of proposed Appointee. Governance Concern: No cooling off period served from his transition/appointment from NED to ID
3 for3 against - Re- appointment of Ms. Sangeeta Tanwani (DIN: 03321646) as an Independent Director of the Company6 for0 against
Mutual fund votes, meeting of 26 Jun 2024, 6 fund houses
5 proposals
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
1. To receive, consider and adopt:na. the audited standalone financial statements of the Company for the financial year ended March 31, 2024 including balance sheet as at March 31, 2024 the statement of profit and loss and cash flow statement for the financial year ended on that date together with the reports of the board of directors and the statutory auditors thereon; andnnb. the audited consolidated financial statements of the Company for the financial year ended March 31, 2024 including balance sheet as at March 31, 2024 the statement of profit and loss and cash flow statement for the financial year ended on that date together with the report of the statutory auditors thereon.MoreLess
Against Groww Mutual Fund
- Groww Mutual FundUnqualified Financial Statements. Non-Compliant with Companies Act, 2013 & SEBI LODR Regulations: The Company has not disclosed financials of subsidiary for FY 2023-24 on its website.
4 for1 against2. To consider and declare final dividend for financial year 2023-24 and if thought fit, to pass, with or without modification(s), the following Resolution as an Ordinary Resolution: RESOLVED THAT pursuant to the recommendation made by the board of directors, a dividend at the rate of Rs. 4.50/- per equity share be and is hereby declared out of profits of financial year 2023-24 to the equity shareholders of the Company whose names appear in the Registrar of Members of the Company as on May 22, 2024.MoreLess
5 for0 against3. Re-appointment of Director in the place of retiring director To re-appoint Nicholas Cator (DIN 07068629), who retires by rotation and being eligible offers himself for re-appointment. To consider and if thought fit, to pass the following resolution, with or without modification(s), as an Ordinary Resolution: RESOLVED THAT pursuant to the provisions of section 152 of the Companies Act, 2013 and rules made thereunder (including any statutory modification and reenactment thereof) and other applicable provisions, if any of the Companies Act, 2013, Mr. Nicholas Cator (DIN 07068629) who is liable to retire by rotation at the 21st Annual General Meeting and being eligible has offered himself for appointment, be and is hereby re-appointed as a Director of the Company, liable to retire by rotation.MoreLess
5 for0 againstRegularization of appointment of Mr. Deepak Shahdadpuri (DIN 00444270) as a Non-Executive Director. To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution RESOLVED THAT pursuant to the provisions of Sections 152 and all other applicable provisions of the Companies Act, 2013 read with rules made thereunder [including any statutory modification(s) or re-enactment(s) thereof for the time being in force] and as per relevant provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 and the Articles of Association of the Company, pursuant to recommendation of the Nomination and Remuneration Committee and approval of the Board of Directors, Mr. Deepak Shahdadpuri (DIN: 00444270), who was appointed as an Additional Non-Executive Director of the Company in terms of Section 161 of the Companies Act, 2013, be and is hereby appointed as an Non-Executive Director of the Company with effect from April 04, 2024 whose office shall be liable to retire by rotation.MoreLess
Against SBI Mutual Fund
- SBI Mutual FundDeepak Shahdadpuri, 54, has previously worked with DSG Consumer Partners, a consumer-focused venture capital fund. He was Non-Executive Director on the board of Sula Vineyard, prior to the IPO from October 2005 till July 2021. Previously, he worked with Beacon India Private Equity Fund, GEM India, Reuters Venture Capital, Bain & Company and Ernst & Young. He is a Chartered Accountant from the Institute of Chartered Accountants in England & Wales, an LLB from King’s College, London University and an MBA (Hons) from INSEAD. He will be liable to retire by rotation. Deepak Shahdadpuri is on the board of 34 other companies, and therefore over boarded. Therefore, we do not support his appointment. Sula Vineyards’ board must clarify how it has ascertained that Deepak Shahdadapuri has sufficient time to devote to his responsibilities as a non-executive director. This is why we do not support the resolution.
4 for1 against
1 proposal not matched to one resolution
1. To receive, consider and adopt: a. the audited standalone financial statements of the Company for the financial year ended March 31, 2024 including balance sheet as at March 31, 2024 the statement of profit and loss and cash flow statement for the financial year ended on that date together with the reports of the board of directors and the statutory auditors thereon;and b. the audited consolidated financial statements of the Company for the financial year ended March 31, 2024 including balance sheet 2. To consider and declare final dividend for financial year 2023-24 and if thought fit, to pass, with or without modification(s), the following Resolution as an Ordinary Resolution: 3. . Re-appointment of Director in the place of retiring director To re-appoint Nicholas Cator (DIN 07068629), who retires by rotation and being eligible offers himself for re-appointment. To consider and if thought fit, to pass the following resolution, with or without modification(s), as an Ordinary Resolution: 4. Regularization of appointment of Mr. Deepak Shahdadpuri (DIN 00444270) as a Non-Executive Director. To consider and, if thought fit, to pass the following resolution as an Ordinary ResolutionMoreLess
1 for0 against
Mutual fund votes, meeting of 18 Dec 2023, 6 fund houses
4 proposals
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- APPOINTMENT OF MR. NICHOLAS CATOR (DIN: 07068629) AS NON-EXECUTIVE DIRECTOR OF THE COMPANY5 for0 against
- APPROVAL OF ¿SULA EMPLOYEE STOCK OPTION SCHEME 2023¿ (¿ESOS 2023¿/ ¿SCHEME¿)
Against SBI Mutual Fund
- SBI Mutual FundThe size of the scheme is 685,000 options, which represents a dilution of 0.8% on the expanded capital base. Under ESOP 2023, vesting is time based. The exercise price is fixed at Rs. 470.0 per option at the time of grant. The company has not disclosed the time frame within which all options shall be granted. In case, if the options are not exhausted, company has not disclosed if they will give the opportunity for the shareholder to revisit the proposal. SBI MF does not support the resolution which are in perpetuity.
4 for1 against - APPROVE GRANT OF STOCK OPTIONS TO THE EMPLOYEES OF SUBSIDIARY COMPANY(IES) OF THE COMPANY UNDER ¿SULA EMPLOYEE STOCK OPTION SCHEME 2023¿
Against SBI Mutual Fund
- SBI Mutual FundThe size of the scheme is 685,000 options, which represents a dilution of 0.8% on the expanded capital base. Under ESOP 2023, vesting is time based. The exercise price is fixed at Rs. 470.0 per option at the time of grant. The company has not disclosed the time frame within which all options shall be granted. In case, if the options are not exhausted, company has also not disclosed if they will give the opportunity for the shareholder to revisit the proposal. SBI MF does not support the resolution which are in perpetuity.
4 for1 against
1 proposal not matched to one resolution
1. APPOINTMENT OF MR. NICHOLAS CATOR (DIN: 07068629) AS NON-EXECUTIVE DIRECTOR OF THE COMPANY 2. APPROVAL OF ‘SULA EMPLOYEE STOCK OPTION SCHEME 2023’ (“ESOS 2023”/ “SCHEME”) 3. APPROVE GRANT OF STOCK OPTIONS TO THE EMPLOYEES OF SUBSIDIARY COMPANY(IES) OF THE COMPANY UNDER ‘SULA EMPLOYEE STOCK OPTION SCHEME 2023’MoreLess
1 for0 against
Mutual fund votes, meeting of 23 Jun 2023, 4 fund houses
4 proposals
1. To receive, consider and adopt:n a. The audited standalone financial statements of the Company for the financial year ended March 31, 2023, including balance sheet as at March 31 2023, the statement of profit and loss and cash flow statement for the financial year ended on that date together with the reports of the board of directors and the statutory auditors thereon; and nb. The audited consolidated financial statements of the Company for the financial year ended March 31, 2023, including balance sheet as at March 31 2023, the statement of profit and loss and cash flow statement for the financial year ended on that date together with the report of the statutory auditors thereon.MoreLess
4 for0 against- To consider and declare final dividend for financial year 2022-23.4 for0 against
- To re-appoint Mr. Roberto Italia (DIN: 09228481) as director, who retires by rotation and being eligible offers himself for re-appointment.4 for0 against
- Regularization of appointment of Mr. Riyaaz Amlani (DIN: 00261209) additional Independent Director as an Independent Director.4 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 Sep 2026.
- Tax disputeMr. Subodh Singh Additional commissioner Office of the commissioner of CGST and Central Excise, Nashik Mr. Shri Rakesh Ladwal Commissioner (Appeals) CGST & Central Excise, NashikSince 23 Dec 2024
Pursuant to the Order-in-Original dated 23 December 2024 passed under Section 74 of the CGST Act, 2017, the Company had filed an appeal before the Commissioner (Appeals) against the demand relating primarily to (i) classification and applicable GST rate on certain restaurant services and (ii) GST liability on corporate guarantees extended to group entities. The Commissioner (Appeals), vide Order-in-Appeal dated 29 May 2026 (received on 12 June 2026), has upheld the Order-in-Original and confirmed the demand of Rs.4,01,79,882 (excluding applicable interest and penalty). The Company does not agree with the findings of the appellate authority and The Company does not agree with the findings of the appellate authority and has filed an appeal before the GST Appellate Tribunal on 3 August 2026. Based on legal advice, the Company expects a favourable outcome at the higher appellate forum.MoreLess
At the filing before: Pursuant to the Order-in-Original dated23 December 2024 passed under Section74 of the CGST Act, 2017, the Companyhad filed an appeal before theCommissioner (Appeals) against thedemand relating primarily to (i)classification and applicable GST rate oncertain restaurant services and (ii) GSTliability on corporate guarantees extendedto group entities. The Commissioner(Appeals), vide Order-in-Appeal dated 29May 2026 (received on 12 June 2026),has upheld the Order-in-Original andconfirmed the demand of Rs.4,01,79,882(excluding applicable interest andpenalty). The Company does not agreewith the findings of the appellateauthority and is in the process of filing afurther appeal before the GST AppellateTribunal. Based on legal advice, theCompany expects a favourable outcomeat the higher appellate forum.MoreLess
- Tax disputeAssistant Commissioner of State Tax, NashikSince 31 Mar 2025The status of the case remains unchanged from the previous quarter
At the filing before: The Company has deposited the differential tax amount under protest and has filed an appeal before the appropriate appellate authority within the prescribed timelines. The matter is currently pending for hearing and adjudication. The status of the case remains unchanged from the previous quarterMoreLess
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
- 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.