AksharChem India logo

AksharChem India CEO, MD, chairman, board of directors and AGM

NSE: AKSHARCHEMBSE: 524598Chemicals & PetrochemicalsSmall Cap

Last close ₹389.35up ₹15.05 (4.02%)BSE ₹390.50

Share price at the NSE close on 23 Oct 2026. Previous close ₹374.30.

52-week range of traded prices to 23 Oct 2026
₹141.30Low, 30 Mar 2026₹472.00High, 8 Sep 2026
Market cap
₹313 Cr2,527th largest listed
P/E
10.9
P/B
1.1
Dividend yield
0.13%
ROE
10.4%
ROCE
8.8%
Debt to equity
0.36
Volume, NSE
25,949

AksharChem India board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorParu Mrugesh JaykrishnaRelated to the promoter
  • Managing director and CEOMunjal Mrugesh Jaykrishna
  • Company Secretary and Compliance OfficerMehul Naliyadhara

9 directors5 independent4 executive

  • Paru Mrugesh Jaykrishna · Chairperson and managing directorExecutive · joined Jul 1989 · reappointed Apr 2026 · 2 listed boards · 1 committee seat
  • Munjal Mrugesh Jaykrishna · Managing director and CEOExecutive · joined Jun 1995 · reappointed Mar 2024 · 1 listed board
  • Sachin Munjal JaykrishnaExecutive · joined Aug 2024 · reappointed Aug 2024 · 1 listed board
  • Devalkumar Indrabal SutharExecutive · joined May 2026 · reappointed May 2026 · 1 listed board
  • Keyur Dhanvantlal GandhiIndependent · joined Aug 2024 · reappointed Aug 2024 · 25 months as independent · 2 listed boards · 2 as independent
  • Jigar Mukesh PatelIndependent · joined Dec 2017 · reappointed Aug 2022 · 105 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Sameer Surendranarayan SinhaIndependent · joined Aug 2024 · reappointed Aug 2024 · 25 months as independent · 1 listed board · 1 as independent
  • Maitri Kirankumar MehtaIndependent · joined Mar 2019 · reappointed Mar 2024 · 90 months as independent · 1 listed board · 1 as independent · 5 committee seats
  • Nirav Kalyanbhai ShahIndependent · joined Aug 2024 · reappointed Aug 2024 · 25 months as independent · 4 listed boards · 2 as independent · 6 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.

2 directors who left
  • Ashok Dolatsinh Barot, left 21 May 2026: Others
  • Gokul Mrugesh Jaykrishna, left 27 Dec 2024: Others

Committees and meetings

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

  • Board

    • 12 Aug 20269 of 9 present5 independent · 82 days in between
    • 21 May 20268 of 10 present4 independent

  • Audit Committee

    Chair Nirav Kalyanbhai Shah

    Jigar Mukesh Patel, Maitri Kirankumar Mehta

    • 12 Aug 20263 of 3 present3 independent · 82 days in between
    • 21 May 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair Nirav Kalyanbhai Shah

    Jigar Mukesh Patel, Maitri Kirankumar Mehta

    • 12 Aug 20263 of 3 present3 independent · 82 days in between
    • 21 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Nirav Kalyanbhai Shah

    Jigar Mukesh Patel, Maitri Kirankumar Mehta

    • 12 Aug 20263 of 3 present3 independent · 82 days in between
    • 21 May 20263 of 3 present3 independent

  • Corporate Social Responsibility Committee

    Chair Paru Mrugesh Jaykrishna

    Maitri Kirankumar Mehta, Nirav Kalyanbhai Shah

    • 12 Aug 20263 of 3 present2 independent · 82 days in between
    • 21 May 20263 of 3 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 Mar 2026.

  • Talati & Talati LLPPeer-review certificate valid to Sep 2026

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.

AksharChem 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.AksharChem India dividend history

Annual general meeting, 22 Sep 2026

10,938 shareholders on the register on 15 Sep 2026; present: 4 promoters and 36 others; votes counted by Bipin L. Makwana / NA.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements for the financial year ended 31st March, 2026, the Reports of Directors and Auditors thereon
    Ordinary
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 77.91%

    Turnout: all 62.84% · promoters 100.00% · institutions 0.00% · other public 0.37%

  2. Declaration of Final Dividend for Financial Year 2025-2026
    Ordinary
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 77.91%

    Turnout: all 62.84% · promoters 100.00% · institutions 0.00% · other public 0.37%

  3. Re-appointment of Mrs. Paru M. Jaykrishna (DIN: 00671721) as a Director of the Company who retires by rotation
    Ordinary
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 77.91%

    Turnout: all 62.84% · promoters 100.00% · institutions 0.00% · other public 0.37%

  4. Re-appointment of Mr. Sachin M. Jaykrishna (DIN: 10712990) as a Director of the Company who retires by rotation
    Ordinary
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 77.91%

    Turnout: all 62.84% · promoters 100.00% · institutions 0.00% · other public 0.37%

  5. Ratification of Remuneration payable to the Cost Auditors
    Ordinary
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 77.91%

    Turnout: all 62.84% · promoters 100.00% · institutions 0.00% · other public 0.37%

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, 30 Jun 2026, 1 resolution

11,985 shareholders on the register on 22 May 2026; votes counted by Bipin L. Makwana / Not Applicable.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Devalkumar Indrabal Suthar (DIN: 11511925), as Whole Time Director (Executive) of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.08%

    Turnout: all 62.89% · promoters 100.00% · institutions 0.00% · other public 0.52%

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.

Annual general meeting, 15 Sep 2025, 7 resolutions

13,486 shareholders on the register on 5 Sep 2025; present: 4 promoters and 33 others; votes counted by Bipin L. Makwana / NA.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements for the financial year ended 31st March, 2025, the Reports of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.97%

    Turnout: all 62.84% · promoters 100.00% · institutions 0.00% · other public 0.37%

  2. Declaration of Final Dividend for Financial Year 2024-2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.97%

    Turnout: all 62.84% · promoters 100.00% · institutions 0.00% · other public 0.37%

  3. Re-appointment of Mr. Munjal M. Jaykrishna (DIN: 00671693) as a Director of the Company who retires by rotation
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.97%

    Turnout: all 62.84% · promoters 100.00% · institutions 0.00% · other public 0.37%

  4. Re-appointment of Mr. Ashok D. Barot (DIN: 08366687) as a Director of the Company who retires by rotation
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.97%

    Turnout: all 62.84% · promoters 100.00% · institutions 0.00% · other public 0.37%

  5. Re-appointment of Mrs. Paru M. Jaykrishna (DIN: 00671693) as Chairperson & Managing Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.84%

    Turnout: all 62.84% · promoters 100.00% · institutions 0.00% · other public 0.37%

  6. Appointment of Secretarial auditor
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.97%

    Turnout: all 62.84% · promoters 100.00% · institutions 0.00% · other public 0.37%

  7. Ratification of Remuneration payable to the Cost Auditors
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.67%

    Turnout: all 62.84% · promoters 100.00% · institutions 0.00% · other public 0.37%

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, 29 Jun 2025, 1 resolution

13,815 shareholders on the register on 23 May 2025; votes counted by Bipin L. Makwana / Not Applicable.The company's voting result (opens in a new tab)

  1. Adoption of new set of the Memorandum of Association
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.57%

    Turnout: all 62.90% · promoters 100.00% · institutions 0.00% · other public 0.55%

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, 30 Sep 2024, 11 resolutions

Present: 4 promoters and 28 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements for the financial year ended 31st March, 2024, the Reports of Directors and Auditors thereon
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.13%

    Turnout: all 63.09% · promoters 100.00% · institutions 0.00% · other public 1.05%

  2. Declaration of Final Dividend for Financial Year 2023-2024
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.13%

    Turnout: all 63.09% · promoters 100.00% · institutions 0.00% · other public 1.05%

  3. Re-appointment of Mrs. Paru M. Jaykrishna (DIN: 00671721) as a Director of the Company who retires by rotation
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.47%

    Turnout: all 63.09% · promoters 100.00% · institutions 0.00% · other public 1.05%

  4. Re-appointment of Mr. Gokul M. Jaykrishna (DIN: 00671652) as a Director of the Company who retires by rotation
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.93%

    Turnout: all 63.09% · promoters 100.00% · institutions 0.00% · other public 1.05%

  5. Appointment of Mr. Nirav K. Shah (DIN: 00397336) as an Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.13%

    Turnout: all 63.09% · promoters 100.00% · institutions 0.00% · other public 1.05%

  6. Appointment of Mr. Sameer S. Sinha (DIN: 0217107) as an Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.13%

    Turnout: all 63.09% · promoters 100.00% · institutions 0.00% · other public 1.05%

  7. Appointment of Mr. Keyur D. Gandhi (DIN: 02448144) as an Independent Director of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.17%

    Turnout: all 63.09% · promoters 100.00% · institutions 0.00% · other public 1.05%

  8. Appointment of Mr. Sachin M. Jaykrishna (DIN: 10712990) as a Director of the Company
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.92%

    Turnout: all 63.09% · promoters 100.00% · institutions 0.00% · other public 1.05%

  9. Appointment of Mr. Sachin M. Jaykrishna (DIN: 10712990) as Whole Time Director (Executive Director) of the Company
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.92%

    Turnout: all 63.09% · promoters 100.00% · institutions 0.00% · other public 1.05%

  10. Ratification of Remuneration payable to the Cost Auditors
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.38%

    Turnout: all 63.09% · promoters 100.00% · institutions 0.00% · other public 1.05%

  11. Private Placement of Non-convertible Debentures and/or other Debt Securities
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.97%

    Turnout: all 63.09% · promoters 100.00% · institutions 0.00% · other public 1.05%

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, 17 Mar 2024, 4 resolutions

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

  1. Re-appointment of Mr. Munjal M. Jaykrishna (DIN: 00671693) as Joint Managing Director & CEO of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.82%

    Turnout: all 63.65% · promoters 100.00% · institutions 92.41% · other public 0.74%

  2. Re-appointment of Mr. Ashok D. Barot (DIN: 08366687) as an Executive Director of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.32%

    Turnout: all 63.65% · promoters 100.00% · institutions 92.41% · other public 0.74%

  3. Re-appointment of Ms. Maitri K. Mehta (DIN: 07549243) as an Independent Director of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.32%

    Turnout: all 63.65% · promoters 100.00% · institutions 92.41% · other public 0.74%

  4. Approval of remuneration of related party, Mr. Sachin M. Jaykrishna, holding office or place of profit
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.03%

    Turnout: all 63.65% · promoters 100.00% · institutions 92.41% · other public 0.74%

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, 27 Sep 2023, 5 resolutions

Present: 4 promoters and 34 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements for the financial year ended 31st March, 2023, the Reports of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 63.71% · promoters 100.00% · institutions 92.41% · other public 0.91%

  2. Declaration of Final Dividend for Financial Year 2022-23
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.31%

    Turnout: all 63.71% · promoters 100.00% · institutions 92.41% · other public 0.91%

  3. Re-appointment of Mr. Munjal M. Jaykrishna (DIN: 00671693) as a Director of the Company who retires by rotation.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.31%

    Turnout: all 63.70% · promoters 100.00% · institutions 92.41% · other public 0.89%

  4. Ratification of Remuneration payable to the Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 63.71% · promoters 100.00% · institutions 92.41% · other public 0.91%

  5. Private Placement of Non-Convertible Debentures and/or Other Debt Securities.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.42%

    Turnout: all 63.71% · promoters 100.00% · institutions 92.41% · other public 0.91%

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, 28 Sep 2022, 7 resolutions

Present: 4 promoters and 33 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements for the financial year ended 31st March, 2022, the Reports of Directors and Auditors thereon.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.00%

    Turnout: all 63.29% · promoters 100.00% · institutions 0.00% · other public 1.65%

  2. Declaration of Final Dividend for Financial Year 2021-2022.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.96%

    Turnout: all 63.29% · promoters 100.00% · institutions 0.00% · other public 1.65%

  3. Re-appointment of Mr. Ashok D. Barot (DIN: 08366687) as a Director of the Company who retires by rotation.
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.11%

    Turnout: all 63.29% · promoters 100.00% · institutions 0.00% · other public 1.65%

  4. Appointment of Statutory Auditors of the Company and to fix their remuneration.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.02%

    Turnout: all 63.29% · promoters 100.00% · institutions 0.00% · other public 1.65%

  5. Re-appointment of Mr. Jigar M. Patel (DIN: 05291605) as Independent Director of the Company.
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.11%

    Turnout: all 63.29% · promoters 100.00% · institutions 0.00% · other public 1.65%

  6. Approval for maintaining and keeping the company’s registers required to be maintained under Section 94 of the Companies Act, 2013 and copies of annual returns filed under Section 92 of the Companies Act, 2013 or any one or more of them, at a place other than Company’s registered office.MoreLess
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.18%

    Turnout: all 63.29% · promoters 100.00% · institutions 0.00% · other public 1.65%

  7. Private Placement of Non-Convertible Debentures and/or Other Debt Securities.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.36%

    Turnout: all 63.29% · promoters 100.00% · institutions 0.00% · other public 1.65%

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.

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
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.