Financial Results Overview

During a recent board meeting held on April 24, 2025, ACC Limited revealed its audited financial results for the quarter and the financial year ending March 31, 2025. This comprehensive report showcases the company’s performance and sets the stage for its future directives.

Key Board Decisions

In the same meeting, the Board of Directors approved the reappointment of Rajeev Agarwal as an Independent Director for a second three-year term. This reappointment is contingent upon shareholder approval at the upcoming Annual General Meeting, with an effective date from September 16, 2025, to September 15, 2028.

Rajeev Agarwal’s Professional Background

Rajeev Agarwal has a rich background in financial regulation and taxation. He served as a Whole-Time Member of the Securities and Exchange Board of India (SEBI) for five years and was previously a Member of the Forward Markets Commission (FMC) for over six years. His academic credentials include being an alumnus of IIT Roorkee and a 1983 batch officer of the Indian Revenue Service (IRS).

Contributions to Financial Regulation

Agarwal’s tenure at SEBI was marked by significant contributions to a variety of sectors including equity, debt, currency, and commodity markets. He played a crucial role in policy formulation for mutual funds, foreign portfolio investments, and corporate governance. Notably, he was instrumental in the revitalization of the mutual fund industry in 2012, following the exit load ban of the previous year, resulting in a remarkable expansion of the sector.

Moreover, he oversaw the historic merger of FMC with SEBI in 2015, which was a ground-breaking regulatory consolidation. His international engagements include collaborations with organizations such as IOSCO and the Pacific Pension & Investment Institute, where he has participated in discussions regarding environmental, social, and governance (ESG) strategies involving global pension funds managing assets over USD 25 trillion.

Current Role and Advisory Contributions

Post his regulatory tenure, Agarwal has shifted his focus to providing advisory services to Indian corporates and startups via his capital markets advisory firm. He serves on expert panels of several global consulting firms, thereby advising international clients on the nuances of the Indian market.

He is also empaneled as a civil/commercial mediator with ADR ODR International, UK, further showcasing his diversified expertise.