Ajmera Realty & Infra India logo

Ajmera Realty & Infra India MD, chairman, board of directors and AGM

NSE: AJMERABSE: 513349RealtySmall Cap

Formerly Shree Precoated Steels
Last close ₹124.97down ₹2.69 (2.11%)BSE ₹124.50

Share price at the NSE close on 23 Oct 2026. Previous close ₹127.66.

52-week range of traded prices to 23 Oct 2026
₹98.03Low, 30 Mar 2026₹221.40High, 3 Nov 2025
Market cap
₹2,459 Cr1,033rd largest listed
P/E
15.9
P/B
1.8
Dividend yield
0.80%
ROE
11.9%
ROCE
13.8%
Debt to equity
0.47
Volume, NSE
3,58,02650.2% delivered

Ajmera Realty & Infra India 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

  • Chairperson and managing directorRAJNIKANT SHAMALJI AJMERARelated to the promoter
  • Managing directorMANOJ I AJMERA
  • Company Secretary and Compliance OfficerReema Solanki

6 directors3 independent3 executive

  • RAJNIKANT SHAMALJI AJMERA · Chairperson and managing directorExecutive · joined Oct 1986 · reappointed Aug 2024 · 1 listed board · 2 committee seats
  • SANJAY C AJMERAExecutive · joined Apr 2012 · reappointed Apr 2022 · 1 listed board
  • MANOJ I AJMERA · Managing directorExecutive · joined Apr 2012 · reappointed Apr 2022 · 1 listed board · 1 committee seat
  • HEMANTI PRASHANT SUTARIAIndependent · joined May 2024 · reappointed May 2024 · 25 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • JAYESH JAYANTILAL MEHTAIndependent · joined Aug 2024 · reappointed Aug 2024 · 22 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 2 as chair
  • SHRUTI ANUP SHAHIndependent · joined Nov 2024 · reappointed Nov 2024 · 19 months as independent · 6 listed boards · 6 as independent · 7 committee seats, 2 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.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 25 May 20265 of 6 present2 independent · 115 days in between
    • 29 Jan 20266 of 6 present3 independent

  • Audit Committee

    Chair JAYESH JAYANTILAL MEHTA

    HEMANTI PRASHANT SUTARIA, SHRUTI ANUP SHAH, RAJNIKANT SHAMALJI AJMERA

    • 25 May 20263 of 4 present2 independent · 115 days in between
    • 29 Jan 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair JAYESH JAYANTILAL MEHTA

    HEMANTI PRASHANT SUTARIA, SHRUTI ANUP SHAH

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair SHRUTI ANUP SHAH

    RAJNIKANT SHAMALJI AJMERA, MANOJ I AJMERA

    • 22 May 20263 of 3 present1 independent · 112 days in between
    • 29 Jan 20263 of 3 present1 independent

  • Risk Management Committee

    Chair RAJNIKANT SHAMALJI AJMERA

    MANOJ I AJMERA, JAYESH JAYANTILAL MEHTA, NITIN BAVISI

    • 22 May 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair RAJNIKANT SHAMALJI AJMERA

    MANOJ I AJMERA, HEMANTI PRASHANT SUTARIA

    • 20 May 20263 of 3 present1 independent · 34 days in between
    • 15 Apr 20263 of 3 present1 independent · 76 days in between
    • 28 Jan 20263 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • M/s. V. Parekh & AssociatesPeer-review certificate valid to Jan 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.

Ajmera Realty & Infra 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.Ajmera Realty & Infra India dividend history

Annual general meeting, 23 Sep 2026

32,847 shareholders on the register on 16 Sep 2026; present: 2 promoters and 70 others; votes counted by HARESH SANGHVI / HARESH SANGHVI.The company's voting result (opens in a new tab)

  1. 1.To receive, consider and adopt (a) the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2026 together with the report of Board of Directors’ and Auditors’ thereon and (b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2026 together with Auditors’ Report thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.56% · promoters 93.47% · institutions 20.57% · other public 34.03%

  2. For declaration of final dividend of Re. 1/- on the Equity Shares of Rs. 2/- each of the Company for the financial year ended 31st March, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.56% · promoters 93.47% · institutions 20.78% · other public 34.03%

  3. For re-appointment of a director in place of Mr. Manoj I. Ajmera (DIN: 00013728), who retires by rotation and being eligible, offered himself for re-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.45% · promoters 77.27% · institutions 20.78% · other public 34.03%

  4. For re-appointment of Mr. Manoj I. Ajmera (DIN: 00013728), as Managing Director of the Company
    SpecialPromoters have an interest in it
    99.52% for0.48% against

    Against: promoters 0.00% · institutions 85.85% · other public 0.01%

    Turnout: all 63.45% · promoters 77.27% · institutions 20.78% · other public 34.03%

  5. For re-appointment of Mr. Sanjay C. Ajmera (DIN: 00012496), as Whole-time Director of the Company
    SpecialPromoters have an interest in it
    99.49% for0.51% against

    Against: promoters 0.00% · institutions 85.85% · other public 0.01%

    Turnout: all 59.56% · promoters 71.60% · institutions 20.78% · other public 34.03%

  6. Revision in remuneration of Mr. Rajnikant S. Ajmera, Chairman & Managing Director of the Company
    SpecialPromoters have an interest in it
    99.44% for0.56% against

    Against: promoters 0.00% · institutions 85.85% · other public 0.14%

    Turnout: all 56.62% · promoters 67.31% · institutions 20.78% · other public 34.03%

  7. Appointment of Mr. Dhaval R. Ajmera as Senior Management Personnel designated as Director - Corporate Affairs of the Company.
    OrdinaryPromoters have an interest in it
    99.50% for0.50% against

    Against: promoters 0.00% · institutions 85.85% · other public 0.01%

    Turnout: all 60.21% · promoters 72.55% · institutions 20.78% · other public 34.03%

  8. For ratification of the remuneration payable to Cost Auditors for the financial year ending 31st March, 2027
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.56% · promoters 93.47% · institutions 20.78% · other public 34.03%

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

28,548 shareholders on the register on 30 Oct 2025; votes counted by HARESH SANGHVI / HARESH SANGHVI.The company's voting result (opens in a new tab)

  1. CONSIDER AND APPROVE SUB-DIVISION / SPLIT OF NOMINAL VALUE OF EQUITY SHARES OF THE COMPANY AND CONSEQUENT ALTERATION OF CAPITAL CLAUSE OF MEMORANDUM OF ASSOCIATION OF THE COMPANY
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 73.05% · promoters 93.44% · institutions 79.41% · other public 26.19%

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, 31 Oct 2025, 3 resolutions

28,274 shareholders on the register on 26 Sep 2025; votes counted by HARESH SANGHVI / HARESH SANGHVI.The company's voting result (opens in a new tab)

  1. Approval for giving shortfall undertaking in connection with the loan obtained / to be obtained by Ajmera Luxe Realty Private Limited
    OrdinaryPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 8.91% · promoters 0.00% · institutions 41.12% · other public 27.20%

  2. Approval for providing Loan, Guarantees, Security or making Investments in Anirdesh Developers Private Limited, a Subsidiary Company of the Company
    OrdinaryPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 8.91% · promoters 0.00% · institutions 41.12% · other public 27.20%

  3. Approval for providing Loan, Guarantees, Security or making Investments in Ultra Tech Property Developers Private Limited, an Associate Company of the Company
    OrdinaryPromoters have an interest in it
    96.51% for3.49% against

    Against: promoters 0.00% · institutions 38.57% · other public 0.06%

    Turnout: all 8.91% · promoters 0.00% · institutions 41.12% · other public 27.20%

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

28,842 shareholders on the register on 2 Sep 2025; present: 2 promoters and 82 others; votes counted by HARESH SANGHVI / HARESH SANGHVI.The company's voting result (opens in a new tab)

  1. To receive, consider, approve and adopt:- a)the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the reports of Directors and Auditors thereon; and b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025, and the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 72.23% · promoters 90.83% · institutions 44.85% · other public 31.47%

  2. To declare a dividend of Rs 4.50 per equity share for the financial year ended March 31, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 72.23% · promoters 90.83% · institutions 45.04% · other public 31.47%

  3. To appoint a director in place of Mr. Rajnikant S. Ajmera (DIN: 00010833), who retires by rotation and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 62.12% · promoters 76.01% · institutions 45.04% · other public 31.47%

  4. To appoint Mrs. Shreya Shah, Practicing Company Secretary, Mumbai, as Secretarial Auditors of the Company for a period of five years.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 72.23% · promoters 90.83% · institutions 45.04% · other public 31.47%

  5. To ratify remuneration of cost Auditors for the Financial Year ending March 31, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 72.23% · promoters 90.83% · institutions 45.04% · other public 31.47%

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, 19 Jun 2025, 4 resolutions

27,805 shareholders on the register on 16 May 2025; votes counted by HARESH SANGHVI / HARESH SANGHVI.The company's voting result (opens in a new tab)

  1. Revision in remuneration of Mr. Manoj I. Ajmera, Managing Director of the Company
    SpecialPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 12.27% · promoters 0.78% · institutions 30.79% · other public 37.58%

  2. Revision in remuneration of Mr. Sanjay C. Ajmera, Whole Time Director of the Company
    SpecialPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 12.27% · promoters 0.78% · institutions 30.79% · other public 37.58%

  3. Approval for providing Loan, giving Guarantees, Security or making Investments in Ajmera Housing Corporation Bangalore (70% stake held by Ajmera Estates (Karnataka) Private Limited- Wholly owned subsidiary of the Company)MoreLess
    SpecialPromoters have an interest in it
    98.65% for1.35% against

    Against: promoters 0.00% · institutions 17.21% · other public 0.03%

    Turnout: all 11.70% · promoters 0.00% · institutions 30.79% · other public 37.45%

  4. Approval for providing Loan, giving Guarantees, Security or making Investments in Ajmera Bora Associates (67% stake held by Laudable Infrastructure LLP – Subsidiary of the Company)
    SpecialPromoters have an interest in it
    98.65% for1.35% against

    Against: promoters 0.00% · institutions 17.21% · other public 0.03%

    Turnout: all 11.70% · promoters 0.00% · institutions 30.79% · other public 37.45%

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, 22 Dec 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. APPOINTMENT OF CA SHRUTI ANUP SHAH (DIN: 08337714) AS A NON-EXECUTIVE INDEPENDENT DIRECTOR OF THE COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.07% · other public 0.01%

    Turnout: all 66.96% · promoters 80.01% · institutions 48.29% · other public 27.11%

  2. TO APPROVE MATERIAL RELATED PARTY TRANSACTION BETWEEN THE COMPANY AND ITS ASSOCIATE COMPANY I.E., AJMERA HOUSING CORPORATION BANGALORE IN RESPECT OF PROVIDING CORPORATE GURANTEE BY THE COMPANY
    OrdinaryPromoters have an interest in it
    98.43% for1.57% against

    Against: promoters 0.00% · institutions 8.51% · other public 0.04%

    Turnout: all 7.60% · promoters 0.00% · institutions 48.29% · other public 27.11%

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.

Extraordinary general meeting, 14 Nov 2024, 1 resolution

Present: 3 promoters and 57 others.The company's voting result (opens in a new tab)

  1. ISSUE OF EQUITY SHARES TO ‘NON-PROMOTER’ CATEGORY ON PREFERENTIAL BASIS
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.81%

    Turnout: all 60.80% · promoters 80.01% · institutions 52.56% · other public 0.05%

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, 9 Nov 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. APPOINTMENT OF MR. JAYESH J. MEHTA (DIN: 00030636) AS A NON-EXECUTIVE INDEPENDENT DIRECTOR OF THE COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.48%

    Turnout: all 60.84% · promoters 80.01% · institutions 61.51% · other public 0.27%

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.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeIncome Tax DepartmentSince 9 Jan 2012
    Rectification letter has been filed awaiting for the revised order.
    At the filing before: The Company has received the order u/s 143(3) with the demand of Rs 45.02 Lakhs for AY 2010-11. There was error in the Tax liability computed in the order against which rectification was filed by the Company.MoreLess
  • Tax disputeIncome Tax DepartmentSince 11 Jun 2013
    Rectification letter has been filed awaiting for the revised order.
    At the filing before: The Company has received the order u/s 143(3) with the demand of Rs 49.16 Lakhs for AY 2011-12. These demand was raised on account of Interest liability in the order, against which rectification was filed by the Company.MoreLess
  • Tax disputeIncome Tax DepartmentSince 16 Mar 2016
    Rectification letter has been filed awaiting for the revised order.
    At the filing before: The Company has received the order u/s 143(3) with the demand of Rs 148.72 Lakhs for AY 2013-14. These demand was raised on account of DDT credit not provided in the assessment order, against which rectification was filed by the Company.MoreLess
  • Tax disputeIncome Tax DepartmentSince 26 Oct 2017
    Rectification letter has been filed awaiting for the revised order.
    At the filing before: The Company has received the demand of Rs 7.08 Lakhs u/s 154 for AY 2015-16. However there is no such demand as per our records. The company has filed an rectification application against the outstanding demand appearing on the Income Tax portal.MoreLess
  • Tax disputeIncome Tax DepartmentSince 29 Jul 2021
    Rectification letter has been filed awaiting for the revised order.
    At the filing before: The Company has received the demand of Rs 51.80 Lakhs u/s 154 for AY 2016-17. The demand was raised on account of disallowances u/s 14A. The company has filed an rectification application against the outstanding demand.MoreLess
  • Tax disputeIncome Tax DepartmentSince 5 Feb 2024
    Rectification letter has been filed awaiting for the revised order.
    At the filing before: The Company has received the demand of Rs 54.75 lakhs u/s 147 for AY 2019-20. These demand was raised on account of DDT credit not provided in the order, against which rectification was filed by the Company.MoreLess

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

None open at any 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.

How money raised was used

Reported for the quarter to Jun 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far. A statement's amounts are left out where the raise it states is more than ten times everything the company owns, a figure typed at the wrong scale.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesNov 2024, checked by Crisil Ratings Limited–Part-repayment of Debt––No
Preferential IssuesNov 2024, checked by Crisil Ratings Limited–Part funding the project expenditures for ongoing and/or, to be launched new acquisitions––No
Preferential IssuesNov 2024, checked by Crisil Ratings Limited–General Corporate Purposes––No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.