Ashnisha Industries MD, chairman, board of directors and AGM
BSE: 541702Commercial Services & SuppliesSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹2.60.
- 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.
- ₹65 Cr2,925th 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.
- Owners' profit not stated
- 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 27 May 2026
- 0.6
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- 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 14 Aug 2026
- −1.5%
- 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 27 May 2026
- 0.04
- Volume, BSEVolume. Shares traded on the last trading day.
- 21,28,674
Ashnisha Industries 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 directorAshok Chinubhai ShahRelated to the promoter
6 directors4 independent1 executive1 non-executive
- Ashok Chinubhai Shah · Chairperson and managing directorExecutive · joined Jul 2009 · reappointed Dec 2023 · 5 listed boards · 4 committee seats
- Shalin Ashok ShahNon-executive · joined Jul 2009 · 5 listed boards · 5 committee seats, 1 as chair
- Swapnil Sharad ShimpiIndependent · joined Jan 2024 · reappointed Jan 2024 · 29 months as independent · 3 listed boards · 3 as independent · 2 committee seats, 2 as chair
- Yash Vishwanath BodadeIndependent · joined Jun 2024 · reappointed Jun 2024 · 24 months as independent · 3 listed boards · 3 as independent · 2 committee seats, 2 as chair
- Jhanvi Vikas SethiIndependent · joined Aug 2026 · reappointed Aug 2026 · 2 months as independent · 4 listed boards · 4 as independent
- Kunjan Nathabhai RathodIndependent · joined Dec 2025 · reappointed Dec 2025 · 6 months as independent · 3 listed boards · 3 as independent · 3 committee seats, 3 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.
3 directors who left
- Deepti Ghanshyam Gavali, left 14 Aug 2026: Others
- Umangkumar Hirabhai Patel, left 17 Sep 2025: Others
- Manjusha Rahul Salunke, left 15 Feb 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 14 Aug 20266 of 6 present4 independent · 78 days in between
- 27 May 20266 of 6 present4 independent
Audit Committee
Chair Swapnil Sharad Shimpi
Shalin Ashok Shah, Kunjan Nathabhai Rathod
- 14 Aug 20263 of 3 present2 independent · 78 days in between
- 27 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Kunjan Nathabhai Rathod
Swapnil Sharad Shimpi, Shalin Ashok Shah
- 14 Aug 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Kunjan Nathabhai Rathod
Swapnil Sharad Shimpi, Ashok Chinubhai Shah
- 14 Aug 20263 of 3 present2 independent · 78 days in between
- 27 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.
- GMCA & CoPeer-review certificate valid to May 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.
Ashnisha Industries 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.Ashnisha Industries share news and announcements
Annual general meeting, 23 Sep 2026
89,608 shareholders on the register on 16 Sep 2026; present: 4 promoters and 29 others; votes counted by CHINTAN K PATEL / CHINTAN K PATEL.The company's voting result (opens in a new tab)
- ADOPTION OF THE ANNUAL AUDITED STANDALONE AND CONSOLIDATED FINANCIAL STATEMENTSOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 11.81% · promoters 100.00% · institutions 0.00% · other public 6.27%
- APPOINTMENT OF A DIRECTOR IN PLACE OF MR. SHALIN ASHOK SHAH (DIN: 00297447) RETIRING BY ROTATIONOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 11.81% · promoters 100.00% · institutions 0.00% · other public 6.27%
- APPOINTMENT OF M/S KEYUR BAVISHI and CO., CHARTERED ACCOUNTANTS (FIRM REG. NO. 131191W), AS STATUTORY AUDITORS OF THE COMPANYOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 11.81% · promoters 100.00% · institutions 0.00% · other public 6.27%
- REGULARIZATION OF APPOINTMENT OF MRS. JHANVI VIKAS SETHI (DIN:08593000) AS A NON-EXECUTIVE,INDEPENDENT DIRECTOR OF THE COMPANYSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 11.81% · promoters 100.00% · institutions 0.00% · other public 6.27%
- ENTERING INTO MATERIAL RELATED PARTY TRANSACTIONS WITH RHETAN TMT LIMITEDSpecialPromoters have an interest in it99.92% for0.08% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 5.20% · promoters 0.00% · institutions 0.00% · other public 6.27%
- ENTERING INTO MATERIAL RELATED PARTY TRANSACTIONS WITH LESHA INDUSTRIES LIMITEDSpecialPromoters have an interest in it99.92% for0.08% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 5.20% · promoters 0.00% · institutions 0.00% · other public 6.27%
- ENTERING INTO MATERIAL RELATED PARTY TRANSACTIONS WITH ASHOKA METCAST LIMITEDSpecialPromoters have an interest in it99.91% for0.09% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 5.20% · promoters 0.00% · institutions 0.00% · other public 6.27%
- ENTERING INTO MATERIAL RELATED PARTY TRANSACTIONS WITH GUJARAT NATURAL RESOURCES LIMITEDSpecialPromoters have an interest in it99.92% for0.08% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 5.20% · promoters 0.00% · institutions 0.00% · other public 6.27%
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.
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
- No
- 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 2026. 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 |
|---|---|---|---|---|---|
| Rights IssuesNov 2025, checked by CARE Ratings Limited | 49.24 | To Fund Solar Power Project | 15.00 | 15.00 | No |
| Rights IssuesNov 2025, checked by CARE Ratings Limited | 49.24 | To meet working capital requirements | 23.00 | 23.00 | No |
| Rights IssuesNov 2025, checked by CARE Ratings Limited | 49.24 | General Corporate Purposes | 10.70 | 10.70 | No |
| Rights IssuesNov 2025, checked by CARE Ratings Limited | 49.24 | Issue Related Expenses | 0.54 | 0.54 | No |