Ashoka Metcast MD, chairman, board of directors and AGM
NSE: ASHOKAMETBSE: 540923Metals & Minerals TradingSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹14.40.
- 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.
- ₹35 Cr3,656th 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 12 Aug 2026
- 2.7
- 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 2 May 2026
- 0.3
- 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
- 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 12 Aug 2026
- 11.1%
- 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 12 Aug 2026
- 2.3%
- 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 2 May 2026
- 0.43
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 28,67586.0% delivered
Ashoka Metcast 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
- ChairpersonShalin Ashok Shah
- Managing directorAshok Chinubhai Shah
6 directors3 independent1 executive2 non-executive
- Shalin Ashok Shah · ChairpersonNon-executive · joined Jul 2009 · 5 listed boards · 5 committee seats, 1 as chair
- Ashok Chinubhai Shah · Managing directorExecutive · joined Oct 2017 · 5 listed boards · 4 committee seats
- Hiteshkumar Madhubhai DongaNon-executive · joined Apr 2023 · 2 listed boards
- Rushabh Rajnikantbhai ShahIndependent · joined Apr 2023 · reappointed Apr 2023 · 38 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 2 as chair
- Deepti Ghanshyam GavaliIndependent · joined Aug 2023 · reappointed Aug 2023 · 34 months as independent · 4 listed boards · 4 as independent · 5 committee seats, 3 as chair
- Kunjan Nathabhai RathodIndependent · joined Dec 2025 · reappointed Dec 2025 · 6 months as independent · 3 listed boards · 3 as independent · 2 committee seats
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.
4 directors who left
- Umangkumar Hirabhai Patel, left 17 Sep 2025: Others
- Manjusha Rahul Salunke, left 15 Feb 2025: Others
- Leena Ashok Shah, left 30 Dec 2024: Others
- Payal Shalin Shah, left 30 Dec 2024: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 2 May 20266 of 6 present3 independent · 77 days in between
- 13 Feb 20266 of 6 present3 independent
Audit Committee
Chair Deepti Ghanshyam Gavali
Shalin Ashok Shah, Rushabh Rajnikantbhai Shah
- 2 May 20263 of 3 present2 independent · 77 days in between
- 13 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Rushabh Rajnikantbhai Shah
Shalin Ashok Shah, Deepti Ghanshyam Gavali
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair Deepti Ghanshyam Gavali
Shalin Ashok Shah, Rushabh Rajnikantbhai Shah
- 2 May 20263 of 3 present2 independent · 91 days in between
- 30 Jan 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.
Ashoka Metcast 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.Ashoka Metcast share news and announcements
Annual general meeting, 17 Sep 2026
16,953 shareholders on the register on 10 Sep 2026; present: 6 promoters and 27 others; votes counted by CHINTAN PATEL / CHINTAN K. PATEL.The company's voting result (opens in a new tab)
To receive, consider and adopt the Standalone and Consolidated Financial Statements of the Company for the year ended 31st March, 2026 including Audited Balance Sheet as at 31st March, 2026 and Statement of Profit and Loss and the Cash Flow Statement for the year ended on that date and the Reports of the Board of Directors and the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 55.11% · promoters 100.00% · institutions 0.00% · other public 3.16%
- Re-appointment of Mr. Shalin Ashok Shah (DIN: 002974447), Non-Executive Director of the Company, who is liable to retire by rotation and being eligible, offers himself for re-appointment.Ordinary98.86% for1.14% against
Against: promoters 0.00% · institutions 0.00% · other public 42.85%
Turnout: all 55.11% · promoters 100.00% · institutions 0.00% · other public 3.16%
- Regularization of Appointment of Mrs. Jhanvi Vikas Sethi (DIN: 08593000) as a Non-Executive Independent Director of the Company.Special98.86% for1.14% against
Against: promoters 0.00% · institutions 0.00% · other public 42.85%
Turnout: all 55.11% · promoters 100.00% · institutions 0.00% · other public 3.16%
- Approval for enhancement of limit for availing financial assistance from promoter and promoter group and conversion of loan into equity shares.Special98.86% for1.14% against
Against: promoters 0.00% · institutions 0.00% · other public 42.85%
Turnout: all 55.11% · promoters 100.00% · institutions 0.00% · other public 3.16%
- Entering into material related party transactions with Rhetan TMT Limited.SpecialNot passedRecorded as not passed although most votes were for it; no reason is givenPromoters have an interest in it64.63% for35.37% against
Against: promoters 0.00% · institutions 0.00% · other public 35.37%
Turnout: all 1.47% · promoters 0.00% · institutions 0.00% · other public 3.16%
- Entering into material related party transactions with Ashnisha Industries Limited.SpecialNot passedRecorded as not passed although most votes were for it; no reason is givenPromoters have an interest in it57.15% for42.85% against
Against: promoters 0.00% · institutions 0.00% · other public 42.85%
Turnout: all 1.47% · promoters 0.00% · institutions 0.00% · other public 3.16%
- Entering into material related party transactions with Lesha Industries Limited.SpecialNot passedRecorded as not passed although most votes were for it; no reason is givenPromoters have an interest in it57.15% for42.85% against
Against: promoters 0.00% · institutions 0.00% · other public 42.85%
Turnout: all 1.47% · promoters 0.00% · institutions 0.00% · other public 3.16%
- Entering into material related party transactions with Gujarat Natural Resources Limited.SpecialNot passedRecorded as not passed although most votes were for it; no reason is givenPromoters have an interest in it57.15% for42.85% against
Against: promoters 0.00% · institutions 0.00% · other public 42.85%
Turnout: all 1.47% · promoters 0.00% · institutions 0.00% · other public 3.16%
- Entering into material related party transactions with Lesha Ventures Private Limited.SpecialNot passedRecorded as not passed although most votes were for it; no reason is givenPromoters have an interest in it57.15% for42.85% against
Against: promoters 0.00% · institutions 0.00% · other public 42.85%
Turnout: all 1.47% · promoters 0.00% · institutions 0.00% · other public 3.16%
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, 4 Mar 2026, 2 resolutions
17,936 shareholders on the register on 30 Jan 2026; votes counted by Chintan K. Patel / Chintan K. Patel.The company's voting result (opens in a new tab)
- REGULARIZATION OF APPOINTMENT OF MR. KUNJAN NATHABHAI RATHOD (DIN: 10964701) AS A NON-EXECUTIVE INDEPENDENT DIRECTOR OF THE COMPANYSpecial99.32% for0.68% against
Against: promoters 0.00% · institutions 0.00% · other public 66.13%
Turnout: all 54.21% · promoters 100.00% · institutions 0.00% · other public 1.21%
- ALTERATION (ADDITION) IN OBJECT CLAUSE OF THE MEMORANDUM OF ASSOCIATION OF THE COMPANYSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 54.21% · promoters 100.00% · institutions 0.00% · other public 1.21%
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, 26 Sep 2025, 10 resolutions
18,750 shareholders on the register on 19 Sep 2025; present: 7 promoters and 27 others; votes counted by Chintan Patel / Chintan K. Patel.The company's voting result (opens in a new tab)
To receive, consider and adopt the Standalone and Consolidated Financial Statements of the Company for the year ended 31st March, 2025 including Audited Balance Sheet as at 31st March, 2025 and Statement of Profit and Loss and the Cash Flow Statement for the year ended on that date and the Reports of the Board of Directors and the Auditors thereon.MoreLess
Ordinary99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.86%
Turnout: all 54.59% · promoters 100.00% · institutions 0.00% · other public 2.03%
- Re-appointment of Mr. Hiteshkumar Donga, Non-Executive Director of the Company, who is liable to retire by rotation and being eligible, offers himself for re-appointment.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.86%
Turnout: all 54.59% · promoters 100.00% · institutions 0.00% · other public 2.03%
- Appointment of Secretarial Auditor.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.86%
Turnout: all 54.59% · promoters 100.00% · institutions 0.00% · other public 2.03%
- Approval for increase in borrowings limits of the Company under section 180(1)(c) of Companies Act, 2013.Special99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 1.32%
Turnout: all 54.59% · promoters 100.00% · institutions 0.00% · other public 2.03%
- Approval of increase in limits of Loans and/or Investments and/or Guarantees under section 186 of the Companies Act, 2013.Special99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 1.32%
Turnout: all 54.59% · promoters 100.00% · institutions 0.00% · other public 2.03%
- Entering into material related party transactions with Rhetan TMT Limited.SpecialPromoters have an interest in it99.14% for0.86% against
Against: promoters 0.00% · institutions 0.00% · other public 0.86%
Turnout: all 0.94% · promoters 0.00% · institutions 0.00% · other public 2.03%
- Entering into material related party transactions with Ashnisha Industries Limited.SpecialPromoters have an interest in it99.14% for0.86% against
Against: promoters 0.00% · institutions 0.00% · other public 0.86%
Turnout: all 0.94% · promoters 0.00% · institutions 0.00% · other public 2.03%
- Entering into material related party transactions with Lesha Industries Limited.SpecialPromoters have an interest in it99.14% for0.86% against
Against: promoters 0.00% · institutions 0.00% · other public 0.86%
Turnout: all 0.94% · promoters 0.00% · institutions 0.00% · other public 2.03%
- Entering into material related party transactions with Gujarat Natural Resources Limited.SpecialPromoters have an interest in it99.14% for0.86% against
Against: promoters 0.00% · institutions 0.00% · other public 0.86%
Turnout: all 0.94% · promoters 0.00% · institutions 0.00% · other public 2.03%
- Entering into material related party transactions with Lesha Ventures Private Limited.SpecialPromoters have an interest in it99.14% for0.86% against
Against: promoters 0.00% · institutions 0.00% · other public 0.86%
Turnout: all 0.94% · promoters 0.00% · institutions 0.00% · other public 2.03%
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, 6 Aug 2025, 1 resolution
18,992 shareholders on the register on 4 Jul 2025; votes counted by Chintan K Patel / Chintan K. Patel.The company's voting result (opens in a new tab)
- INCREASE IN AUTHORISED SHARE CAPITAL OF THE COMPANYOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.52%
Turnout: all 54.65% · promoters 100.00% · institutions 0.00% · other public 2.15%
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, 26 Jun 2025, 2 resolutions
19,189 shareholders on the register on 23 May 2025; votes counted by Chintan K Patel / Chintan K. Patel.The company's voting result (opens in a new tab)
- Approval of payment of remuneration to Mr. Ashok Chinubhai Shah (DIN: 02467830), Managing Director of the Company.Special99.57% for0.43% against
Against: promoters 0.00% · institutions 0.00% · other public 31.97%
Turnout: all 54.37% · promoters 100.00% · institutions 0.00% · other public 1.57%
- Regularization of appointment of Mr. Umangkumar Hirabhai Patel (DIN: 11104737) as a Non-Executive Independent Director of the Company.Special99.59% for0.41% against
Against: promoters 0.00% · institutions 0.00% · other public 30.85%
Turnout: all 54.37% · promoters 100.00% · institutions 0.00% · other public 1.57%
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, 26 Sep 2024, 2 resolutions
Present: 7 promoters and 23 others.The company's voting result (opens in a new tab)
- INCREASE IN AUTHORISED SHARE CAPITAL OF THE COMPANYOrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 1.57%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- APPROVAL OF CONVERSION OF LOAN INTO EQUITY SHARES FROM PROMOTER ANDnPROMOTER GROUPSpecialPromoters have an interest in it99.93% for0.07% against
Against: promoters 0.00% · institutions 0.00% · other public 5.08%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
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, 12 Sep 2024, 6 resolutions
Present: 7 promoters and 24 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Standalone and Consolidated Financial Statements of the Company for the year ended 31st March, 2024 including audited Balance Sheet as at 31st March, 2024 and Statement of Profit and Loss and the Cash Flow Statement for the year ended on that date and the Reports of the Board of Directors and the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 5.59%
Turnout: all 53.68% · promoters 100.00% · institutions 0.00% · other public 0.06%
- Re-appointment of Mr. Ashok C. Shah (DIN: 02467830), Managing Director of the Company, who is liable to retire by rotation and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 7.09%
Turnout: all 53.68% · promoters 100.00% · institutions 0.00% · other public 0.06%
- Regularization of appointment Mrs. Manjusha Rahul Salunke (DIN: 10666478) as the Non-Executive Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 6.39%
Turnout: all 53.68% · promoters 100.00% · institutions 0.00% · other public 0.06%
- Approval Of Limit Of Borrowings Of The Company Under Section 180(1)(C) Of Companies Act, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 5.59%
Turnout: all 53.68% · promoters 100.00% · institutions 0.00% · other public 0.06%
- Approval Of Limits Of Loans And/or Investments And/or Guarantees Under Section 186 Of The Companies Act, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 5.59%
Turnout: all 53.68% · promoters 100.00% · institutions 0.00% · other public 0.06%
- Approval Of Related Party TransactionsSpecialPromoters have an interest in it93.71% for6.29% against
Against: promoters 0.00% · institutions 0.00% · other public 6.29%
Turnout: all 0.03% · promoters 0.00% · institutions 0.00% · other public 0.06%
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, 29 Sep 2023, 6 resolutions
Present: 6 promoters and 10 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Standalone and Consolidated Financial Statements of the Company for theyear ended 31st March, 2023 including audited Balance Sheet as at 31st March, 2023 and Statement of Profit and Loss and the Cash Flow Statement for the year ended on that date and the Reports of the Board of Directors andnthe Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 68.24% · promoters 100.00% · institutions 0.00% · other public 31.48%
- To appoint Mr. Shalin A. Shah (DIN: 00297447), Director of the Company, who is liable to retire by rotation and being eligible, offers himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 68.24% · promoters 100.00% · institutions 0.00% · other public 31.48%
- APPOINTMENT OF MRS. DEEPTI GHANSHYAM GAVALI (DIN: 10272798) AS THE NON-EXECUTIVE INDEPENDENTDIRECTOR OF THE COMPANYSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 68.24% · promoters 100.00% · institutions 0.00% · other public 31.48%
- APPROVAL OF LIMIT OF BORROWINGS OF THE COMPANY UNDER SECTION 180(1)(c) OF COMPANIES ACT,2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 68.24% · promoters 100.00% · institutions 0.00% · other public 31.48%
- APPROVAL OF LIMITS OF LOANS AND/OR INVESTMENTS AND/OR GUARANTEES UNDER SECTION 186 OF THECOMPANIES ACT, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 68.24% · promoters 100.00% · institutions 0.00% · other public 31.48%
- APPROVAL OF RELATED PARTY TRANSACTIONSSpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 14.59% · promoters 0.00% · institutions 0.00% · other public 31.48%
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.