Aspinwall and Company MD, chairman, board of directors and AGM
NSE: ASPINWALLDiversifiedSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹226.54.
- 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.
- ₹177 Cr2,486th 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 5 Aug 2026
- 11.2
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: 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, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹4.81 crore of one-off items, the largest of them in the quarter to Sep 2025.
- 16.2
- 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
- 0.9
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 2.87%
- 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 5 Aug 2026
- 8.0%
- ROE without one-offsReturn on equity without one-off items. Core profit, 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 less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹4.81 crore of one-off items, the largest of them in the quarter to Sep 2025.
- 5.5%
- 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 5 Aug 2026
- 5.3%
- 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 27 May 2026
- 0.38
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 73997.0% delivered
Aspinwall and Company board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.
- Managing directorRAMA VARMA
- ChairpersonMAHADEV LAKSHMINARAYANAN
- Company SecretaryNeeraj R Varma
8 directors4 independent2 executive2 non-executive
- RAMA VARMA · Managing directorExecutive · joined Dec 2004 · reappointed Aug 2026 · 36 months as independent · 1 listed board
- RAJA RAJAVARMA CHEMPROLNon-executive · joined Apr 1978 · reappointed Aug 2023 · 60 months as independent · 1 listed board · 2 committee seats
- RAJNI MISHRAIndependent · joined Oct 2023 · reappointed Oct 2023 · 60 months as independent · 4 listed boards · 4 as independent · 4 committee seats, 2 as chair
- ADITHYA VARMANon-executive · joined Aug 2017 · reappointed Aug 2022 · 60 months as independent · 1 listed board · 1 committee seat
- MAHADEV LAKSHMINARAYANAN · ChairpersonIndependent · joined May 2018 · reappointed May 2023 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- THALASSERIL RAGHAVANKUTTY RADHAKRISHNANExecutive · joined May 2022 · reappointed May 2025 · 36 months as independent · 1 listed board
- VIJAY KUNHIANANDAN NAMBIARIndependent · joined Jul 2024 · reappointed Aug 2024 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- KRISHNASWAMY SRINIVASANIndependent · joined Oct 2020 · reappointed Oct 2025 · 60 months as independent · 2 listed boards · 1 as independent
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
- 5 Aug 20267 of 8 present4 independent · 69 days in between
- 27 May 20267 of 8 present4 independent
Audit Committee
Chair MAHADEV LAKSHMINARAYANAN
RAJNI MISHRA, RAJA RAJAVARMA CHEMPROL, VIJAY KUNHIANANDAN NAMBIAR
- 5 Aug 20264 of 4 present3 independent
- 27 May 20263 of 4 present3 independent
Nomination and remuneration committee
Chair VIJAY KUNHIANANDAN NAMBIAR
RAJNI MISHRA, KRISHNASWAMY SRINIVASAN
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair VIJAY KUNHIANANDAN NAMBIAR
RAJA RAJAVARMA CHEMPROL, ADITHYA VARMA
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair RAMA VARMA
RAJNI MISHRA, MAHADEV LAKSHMINARAYANAN
- 5 Aug 20263 of 3 present3 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 Jun 2026.
- BSR and Co.Peer-review certificate valid to Apr 2029
1 earlier auditor
- B S R and CoNamed in filings from Jun 2025 to Dec 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.
Aspinwall and Company 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.Aspinwall and Company dividend history
Annual general meeting, 23 Jul 2026
4,581 shareholders on the register on 16 Jul 2026; present: 4 promoters and 24 others; votes counted by Mr.S.Yogindunath / M/s BVR & Associates.The company's voting result (opens in a new tab)
- Adoption of Financial StatementsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Declaration of dividendOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Appointment of Mr.Chemprol Raja Raja Varma (DIN: 00031924) as DirectorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Re-Appointment of Mr.Rama Varma (DIN: 00031890) as the Managing Director (The interest as mentioned above is to the extent of the shareholding of Mr.Rama Varma)SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Remuneration payable to Mr.Thalasseril Raghavankutty Radhakrishnan, Executive Director & CFOSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Remuneration payable to M/s BBS & Associates, Cost AuditorsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
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, 1 Aug 2025, 8 resolutions
4,876 shareholders on the register on 25 Jul 2025; present: 5 promoters and 27 others; votes counted by Mr.S.Yogindunath / M/s BVR & Associates.The company's voting result (opens in a new tab)
- Adoption of Financial StatementsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Declaration of dividendOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- To appoint a director in place of Mr.Adithya Varma (DIN: 02213375)Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Re-Appointment of Mr.Krishnaswamy Srinivasan (DIN:00088424) as an Independent DirectorSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Re-Appointment of Mr.Thalasseril Raghavankutty Radhakrishnan (DIN: 00086627) as the Executive Director & CFO and the remuneration termsSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Remuneration paid/payable to Mr.Rama Varma, Managing DirectorSpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.16%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Appointment of M/s Gopimohan Satheesan & Associates LLP, Company Secretaries as Secretarial Auditor of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.16%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Remuneration payable to M/s BBS & Associates, Cost AuditorsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.29%
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, 25 Jul 2024, 5 resolutions
Present: 6 promoters and 36 others.The company's voting result (opens in a new tab)
- Adoption of Financial StatementsOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.39%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Declaration of DividendOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.38%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Appointment of Mr. CRR Varma (DIN: 00031924) as DirectorOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.39%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Re-appointment of Mr. Vijay Kunhianandan Nambiar (DIN: 08457639) as an Independent DirectorSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.39%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Remuneration payable to M/s BBS Associates, Cost AuditorsSpecial99.78% for0.22% against
Against: promoters 0.00% · institutions 0.00% · other public 20.31%
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.
Postal ballot, 12 Dec 2023, 1 resolution
Present: 4 promoters and 40 others.The company's voting result (opens in a new tab)
- Appointment of Mrs. Rajni Mishra (DIN: 0836001) as In dependent Director (Non - Executive)Special97.34% for2.66% against
Against: promoters 0.00% · institutions 0.00% · other public 64.94%
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, 26 Aug 2021, 5 resolutions
Present: 10 promoters and 26 others.The company's voting result (opens in a new tab)
- Approval of Annual Accounts for the FY 2020-21Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 2.44%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Declaration of First and Final DividendOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 2.40%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Re appointment of Mr. Aditya VermaOrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 7.64%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Appointment of Mr.K.Srinivasan, INdependent DirectorSpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 11.64%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Ratification of remuneration payable to M/s BBS & AssociatesOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 2.44%
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, 20 Aug 2020, 5 resolutions
Present: 7 promoters and 15 others.The company's voting result (opens in a new tab)
- Adoption of Annual Accounts for the FY 2019-20Ordinary97.50% for2.50% against
Against: promoters 0.00% · institutions 0.00% · other public 80.94%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- To confirm the payment of Interim Dividend of Rs.2.50 per equity share, already made during the year, as the FinalnDividend for the year ended March 31, 2020.Ordinary97.50% for2.50% against
Against: promoters 0.00% · institutions 0.00% · other public 80.94%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- To appoint a director in place of Mr.Chemprol Raja Raja Varma (DIN: 00031924), who retires by rotation and, beingneligible, seeks re-appointment.OrdinaryPromoters have an interest in it97.47% for2.53% against
Against: promoters 0.00% · institutions 0.00% · other public 80.94%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Re-appointment of Mr.Rama Varma (DIN:00031890) as the Managing DirectorSpecialPromoters have an interest in it96.29% for3.71% against
Against: promoters 0.00% · institutions 0.00% · other public 80.21%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Remuneration payable to M/s BBS & Associates, Cost AuditorsOrdinary97.50% for2.50% against
Against: promoters 0.00% · institutions 0.00% · other public 80.94%
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, 8 Aug 2019, 7 resolutions
Present: 5 promoters and 15 others.The company's voting result (opens in a new tab)
- ADOPTION OF ANNUAL ACCOUNTS OF THE COMPANY FOR THE FY 2018-19.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- TO DECLARE FIRST AND FINAL DIVIDEND FOR THE FY 2018-19.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- TO APPOINT A DIRECTOR IN PLACE OF MR.ADITHYA VARMA, WHO'S RETIRING BY ROTATION, AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT.Ordinary99.57% for0.43% against
Against: promoters 0.00% · institutions 0.00% · other public 59.39%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- RE-APPOINTMENT OF MS.NINA NAYAR, INDEPENDENT DIRECTORSpecial99.57% for0.43% against
Against: promoters 0.00% · institutions 0.00% · other public 59.39%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- APPOINTMENT OF MR.VIJAY K NAMBIAR AS INDEPENDENT DIRECTORSpecial99.57% for0.43% against
Against: promoters 0.00% · institutions 0.00% · other public 59.39%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- APPOINTMENT OF MR.RAJESH.S AS EXECUTIVE DIRECTOR & CEOSpecial99.57% for0.43% against
Against: promoters 0.00% · institutions 0.00% · other public 59.39%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- REMUNERATION PAYABLE TO M/S BBS & ASSOCIATES, COST AUDITORSOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
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.
Postal ballot, 14 Jun 2019, 1 resolution
The company's voting result (opens in a new tab)
- SHIFTING OF REGISTERED OFFICE OF THE COMPANY OUTSIDE THE LOCAL LIMITS OF CITY, TOWNSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 5.21%
Turnout: all 57.09% · promoters 88.42% · institutions 0.00% · 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 Sep 2026.
- Tax disputeCommissioner of Central Excise, MangaloreSince 26 Apr 2023Pending before CESTAT, Bangalore
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
- 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.