Arrow Greentech CEO, MD, chairman, board of directors and AGM
NSE: ARROWGREENBSE: 516064Industrial ProductsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹682.85.
- 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.
- ₹1,017 Cr1,657th 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. The filing of 13 Aug 2026
- 15.9
- 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. The filing of 22 May 2026
- 4.3
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.74%
- 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. The filing of 13 Aug 2026
- 30.2%
- 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. The filing of 13 Aug 2026
- 33.3%
- 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. The filing of 22 May 2026
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 34,54937.1% delivered
Arrow Greentech 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 director and CEOSHILPAN PATEL
- Company Secretary and Compliance OfficerPoonam Bansal
6 directors3 independent2 executive1 non-executive
- SHILPAN PATEL · Chairperson and managing director and CEOExecutive · joined Oct 1992 · reappointed Apr 2025 · 1 listed board
- NEIL PATELExecutive · joined Jun 2012 · reappointed Apr 2025 · 1 listed board · 2 committee seats
- PRASHANT MEHTAIndependent · joined Feb 2024 · reappointed Feb 2024 · 28 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- BARKHARANI NEVATIAIndependent · joined Feb 2024 · reappointed Feb 2024 · 28 months as independent · 3 listed boards · 3 as independent · 3 committee seats
- JIGISHA PATELNon-executive · joined Jul 2020 · reappointed Sep 2020 · 1 listed board
- YOGESH GAJJARIndependent · joined Feb 2025 · reappointed Feb 2025 · 16 months as independent · 1 listed board · 1 as independent · 1 committee seat, 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
- HARESH MEHTA, left 31 Mar 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 22 May 20265 of 6 present3 independent · 97 days in between
- 13 Feb 20265 of 6 present3 independent
Audit Committee
Chair PRASHANT MEHTA
BARKHARANI NEVATIA, YOGESH GAJJAR, NEIL PATEL
- 22 May 20263 of 4 present3 independent · 97 days in between
- 13 Feb 20263 of 4 present3 independent
Nomination and remuneration committee
Chair PRASHANT MEHTA
BARKHARANI NEVATIA, YOGESH GAJJAR
- 22 May 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair YOGESH GAJJAR
PRASHANT MEHTA, NEIL PATEL
- 22 May 20262 of 3 present2 independent · 97 days in between
- 13 Feb 20262 of 3 present2 independent
Corporate Social Responsibility Committee
Chair YOGESH GAJJAR
PRASHANT MEHTA, SHILPAN PATEL
No meeting listed in the filing.
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.
- Haribhakti & Co LLPPeer-review certificate valid to Jul 2027
1 earlier auditor
- M/s Haribhakti & Co LLPNamed in the filing for the quarter to Mar 2025
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.
Arrow Greentech 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.Arrow Greentech dividend history
Annual general meeting, 18 Sep 2026
19,601 shareholders on the register on 11 Sep 2026; present: 6 promoters and 40 others; votes counted by RAJENDRA VAZE / Rajendra and Co.The company's voting result (opens in a new tab)
- Adoption of Annual Accounts of the Company as on March 31, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.93% · promoters 97.34% · institutions 13.23% · other public 17.65%
- To declare Dividend on Equity Shares for the year ended 31st March, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.93% · promoters 97.34% · institutions 13.23% · other public 17.65%
- To appoint a Director in place of Mrs. Jigisha Patel, who retires by rotation at the ensuing Annual General Meeting and being eligible, offers herself for re-appointmentOrdinaryPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.25%
Turnout: all 69.93% · promoters 97.34% · institutions 13.23% · other public 17.66%
- Appointment of KNAV and Co. LLP as the Statutory Auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.93% · promoters 97.34% · institutions 13.23% · other public 17.65%
- To ratify remuneration payable to the Cost Auditor appointed by the Board of Directors of the Company for the financial year 2026-27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.93% · promoters 97.34% · institutions 13.23% · other public 17.65%
- Revision in remuneration of Mr. Shilpan Patel, Chairman and Managing Director of the CompanyOrdinaryPromoters have an interest in it99.68% for0.32% against
Against: promoters 0.00% · institutions 0.00% · other public 3.76%
Turnout: all 69.93% · promoters 97.34% · institutions 13.23% · other public 17.65%
- Revision in remuneration of Mr. Neil Patel, Jt. Managing Director of the CompanyOrdinaryPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.20%
Turnout: all 69.93% · promoters 97.34% · institutions 13.23% · other public 17.65%
- To approve material Related Party Transaction.OrdinaryPromoters have an interest in it99.56% for0.44% against
Against: promoters 0.00% · institutions 0.00% · other public 0.45%
Turnout: all 6.02% · promoters 0.00% · institutions 13.23% · other public 17.65%
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.
Annual general meeting, 22 Sep 2025, 7 resolutions
22,388 shareholders on the register on 15 Sep 2025; present: 6 promoters and 42 others; votes counted by RAJENDRA VAZE / RAJENDRA & Co.The company's voting result (opens in a new tab)
- Adoption of Annual Accounts of the Company as on March 31, 2025Ordinary98.31% for1.69% against
Against: promoters 0.00% · institutions 0.00% · other public 17.50%
Turnout: all 69.81% · promoters 97.31% · institutions 0.04% · other public 19.61%
- To declare Dividend on Equity Shares for the the year ended 31st March, 2025Ordinary98.31% for1.69% against
Against: promoters 0.00% · institutions 0.00% · other public 17.50%
Turnout: all 69.81% · promoters 97.31% · institutions 0.04% · other public 19.61%
- To appoint a Director in place of Mr. Neil Patel, who retires by rotation at the ensuing Annual General Meeting and being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it79.06% for20.94% against
Against: promoters 0.00% · institutions 0.00% · other public 20.94%
Turnout: all 6.74% · promoters 0.00% · institutions 0.04% · other public 19.61%
- To ratify remuneration payable to the Cost Auditor appointed by the Board of Directors of the Company for the financial year 2025-26.Ordinary98.31% for1.69% against
Against: promoters 0.00% · institutions 0.00% · other public 17.50%
Turnout: all 69.81% · promoters 97.31% · institutions 0.04% · other public 19.61%
- Appointment of Ms. Rajendra and Co. Secretarial Auditor of the Company.Ordinary98.31% for1.69% against
Against: promoters 0.00% · institutions 0.00% · other public 17.50%
Turnout: all 69.81% · promoters 97.31% · institutions 0.04% · other public 19.61%
- To approve continuation of tenure of Mr. Shilpan P Patel (DIN: 00341068) as Chairman and Managing Director of the Company upon attaining the age of 70 (Seventy) years.SpecialPromoters have an interest in it75.88% for24.12% against
Against: promoters 0.00% · institutions 0.00% · other public 24.12%
Turnout: all 6.74% · promoters 0.00% · institutions 0.04% · other public 19.61%
- To approve material Related Party Transaction.OrdinaryPromoters have an interest in it79.06% for20.94% against
Against: promoters 0.00% · institutions 0.00% · other public 20.94%
Turnout: all 6.74% · promoters 0.00% · institutions 0.04% · other public 19.61%
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, 28 Mar 2025, 4 resolutions
23,045 shareholders on the register on 21 Feb 2025; votes counted by RAJENDRA VAZE / Rajendra and Co.The company's voting result (opens in a new tab)
- Appointment of Mr. Yogesh Harivadan Gajjar (DIN: 10937614)) as an Independent DirectorSpecial98.25% for1.75% against
Against: promoters 0.00% · institutions 0.00% · other public 27.85%
Turnout: all 67.30% · promoters 97.31% · institutions 0.00% · other public 12.11%
- Increase in Borrowing Limit under section 180 (1) (c ) of The Companies Act 2013Special97.93% for2.07% against
Against: promoters 0.00% · institutions 0.00% · other public 32.91%
Turnout: all 67.30% · promoters 97.31% · institutions 0.00% · other public 12.11%
- To create charge and/or mortgage on the moveable / immoveable properties of the Company for the borrowings in accordance with Section 180(1)(a) of the Act.Special89.12% for10.88% against
Against: promoters 0.00% · institutions 0.00% · other public 27.85%
Turnout: all 10.84% · promoters 10.19% · institutions 0.00% · other public 12.11%
- To make investments, give loans, guarantees and security in excess of limits specified under section 186 of the Companies Act, 2013Special97.93% for2.07% against
Against: promoters 0.00% · institutions 0.00% · other public 32.91%
Turnout: all 67.30% · promoters 97.31% · institutions 0.00% · other public 12.11%
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.
Annual general meeting, 16 Sep 2024, 7 resolutions
Present: 5 promoters and 46 others.The company's voting result (opens in a new tab)
- Adoption of Annual Accounts of the Company as on March 31, 2024Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 70.03% · promoters 97.39% · institutions 0.00% · other public 15.19%
- To declare Dividend on Equity Shares for the the year ended 31st March, 2024Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 70.03% · promoters 97.39% · institutions 0.00% · other public 15.19%
- To appoint a Director in place of Mr. Neil Patel, who retires by rotation at the ensuing Annual General Meeting and being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 5.03% · promoters 0.00% · institutions 0.00% · other public 15.19%
- To ratify remuneration payable to the Cost Auditor appointed by the Board of Directors of the Company for the financial year 2024-25Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 70.03% · promoters 97.39% · institutions 0.00% · other public 15.19%
- Re-appointment of Mr. Shilpan P Patel (DIN: 00341068) as Managing Director of the Company.SpecialPromoters have an interest in it99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 5.03% · promoters 0.00% · institutions 0.00% · other public 15.19%
- Re-Appointment of Mr. Neil S Patel (DIN: 00607101) as Joint Managing Director of the Company.SpecialPromoters have an interest in it99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 5.03% · promoters 0.00% · institutions 0.00% · other public 15.19%
- Approve adoption of Arrow Greentech ESOP Scheme – 2024Special99.50% for0.50% against
Against: promoters 0.00% · institutions 0.00% · other public 6.92%
Turnout: all 70.03% · promoters 97.39% · institutions 0.00% · other public 15.19%
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, 29 Mar 2024, 2 resolutions
The company's voting result (opens in a new tab)
- Appointment of Mr. Prashant Sushilchandra Mehta (DIN: 02225808) as an Independent DirectorSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 70.00% · promoters 97.46% · institutions 99.95% · other public 6.18%
- Appointment of Mrs. Barkharani Harsh Nevatia (DIN: 08531880) as an Independent DirectorSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 70.00% · promoters 97.46% · institutions 99.95% · other public 6.18%
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 Sep 2023, 7 resolutions
Present: 6 promoters and 43 others.The company's voting result (opens in a new tab)
- Adoption of Annual Accounts of the Company as on March 31, 2023Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 74.69% · promoters 97.46% · institutions 0.00% · other public 24.98%
- To declare Dividend on Equity Shares for the the year ended 31st March, 2023Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 74.69% · promoters 97.46% · institutions 0.00% · other public 24.98%
- To appoint a Director in place of Mr. Neil Patel, who retires by rotation at the ensuing Annual General Meeting and being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 7.84% · promoters 0.00% · institutions 0.00% · other public 24.98%
- To ratify remuneration payable to the Coat Auditor appointed by the Board of Directors of the Company for the financial year 2023-24Ordinary99.77% for0.23% against
Against: promoters 0.00% · institutions 0.00% · other public 2.17%
Turnout: all 74.69% · promoters 97.46% · institutions 0.00% · other public 24.98%
- Increase in remuneration of Mr. Shilpan P Patel (DIN: 00341068), Chairman and Managing Director of the CompanyOrdinaryPromoters have an interest in it92.79% for7.21% against
Against: promoters 0.00% · institutions 0.00% · other public 7.21%
Turnout: all 7.84% · promoters 0.00% · institutions 0.00% · other public 24.98%
- Increase in remuneration of Mr. Neil S Patel (DIN: 00607101), Jt. Managing Director of the CompanyOrdinaryPromoters have an interest in it96.64% for3.36% against
Against: promoters 0.00% · institutions 0.00% · other public 3.36%
Turnout: all 7.84% · promoters 0.00% · institutions 0.00% · other public 24.98%
- Approve transaction under Section 180(1)(a) of the Companies Act 2013OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 7.84% · promoters 0.00% · institutions 0.00% · other public 24.98%
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, 11 Nov 2022, 4 resolutions
Present: 5 promoters and 31 others.The company's voting result (opens in a new tab)
- Increase in the Authorized Share Capital and Consequent Alteration of Memorandum of Association of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 75.45% · promoters 97.45% · institutions 0.00% · other public 23.26%
- Issue Of Equity Shares On Preferential BasisSpecialPromoters have an interest in it99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 6.90% · promoters 0.00% · institutions 0.00% · other public 23.26%
- Approval of Related Party TransactionOrdinaryPromoters have an interest in it99.59% for0.41% against
Against: promoters 0.00% · institutions 0.00% · other public 0.41%
Turnout: all 6.90% · promoters 0.00% · institutions 0.00% · other public 23.26%
- Approve transaction under Section 180(1)(a) of the Companies Act 2013SpecialPromoters have an interest in it89.51% for10.49% against
Against: promoters 0.00% · institutions 0.00% · other public 46.36%
Turnout: all 30.48% · promoters 33.52% · institutions 0.00% · other public 23.26%
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 2022, 3 resolutions
Present: 6 promoters and 39 others.The company's voting result (opens in a new tab)
- Adoption of Annual Accounts of the Company as on March 31, 2022Ordinary98.29% for1.71% against
Against: promoters 0.00% · institutions 0.00% · other public 29.80%
Turnout: all 72.65% · promoters 97.34% · institutions 0.00% · other public 14.08%
- Re-appointment of Mr. Neil Patel, retiring by rotation and being eligible, offering himself for re-appointmentOrdinaryPromoters have an interest in it70.15% for29.85% against
Against: promoters 0.00% · institutions 0.00% · other public 29.85%
Turnout: all 4.17% · promoters 0.00% · institutions 0.00% · other public 14.08%
- Approval Related Party TransactionSpecialPromoters have an interest in it62.07% for37.93% against
Against: promoters 0.00% · institutions 0.00% · other public 37.93%
Turnout: all 4.17% · promoters 0.00% · institutions 0.00% · other public 14.05%
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.
Tax disputes
Reported in the filing for the quarter to Jun 2026.
- Tax disputeIncome tax DepartmentSince 10 Apr 2021We have filed Appeal to tribunal Appellate dated 24.11.2025 for AY 2017-18At the filing before: We had filed Appeal with CIT- A and rectification Order Passed dated 13.02.2023 .
- Tax disputeCommissioner of Income Tax Appeals, MumbaiSince 15 Jul 2019Rectification application filed with jurisdictional assessing officer for considering revised tax audit filed by tax auditor for AY 2018-19At the filing before: Rectification application filed with jurisdictional assessing officer for considering revised tax audit filed by tax auditor
- Tax disputeIncome tax DepartmentSince 16 Mar 2026CIT appeal is going on for AY 2017-18At the filing before: Demand Notice received under Section 156 AY 2017-18
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
- 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
- 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 Mar 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.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesNov 2022 | 0.11 | The object of this preferential issue is to utilize the proceeds to meet working capital requirement and expansion of business, general corporate purpose and such other purpose as the Board may decide from time to time. | 0.11 | 0.11 | No |