Atlanta Electricals MD, chairman, board of directors and AGM
NSE: ATLANTAELEBSE: 544527Electrical EquipmentSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹1,688.60.
- 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.
- ₹12,453 Cr563rd 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 21 Jul 2026
- 57.3
- 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 9 May 2026
- 13.4
- 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 latest balance sheet's; the one a year before is not on record. The filing of 21 Jul 2026
- 23.4%
- 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 21 Jul 2026
- 34.7%
- 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 9 May 2026
- 0.05
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 80,47046.9% delivered
Atlanta Electricals 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 directorPATEL NIRALRelated to the promoter
- Company Secretary and Compliance OfficerTEJALBEN SAUNAKKUMAR PANCHAL
7 directors4 independent3 executive
- PATEL NIRAL · Chairperson and managing directorExecutive · joined Jul 2002 · reappointed Jan 2025 · 1 listed board · 3 committee seats
- PATEL TANMAYExecutive · joined Jul 2002 · reappointed Jan 2025 · 1 listed board · 1 committee seat
- AMISH KRUPESHBHAI PATELExecutive · joined Jan 2022 · reappointed Jan 2025 · 1 listed board
- MILIN KAIMAS MEHTAIndependent · joined Jan 2025 · reappointed Jan 2025 · 20 months as independent · 6 listed boards · 5 as independent · 9 committee seats, 5 as chair
- BHADRESH BHUPENDRABHAI CHAUHANIndependent · joined Jan 2025 · reappointed Jan 2025 · 20 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- DUKHABANDHU RATHIndependent · joined Jan 2025 · reappointed Jan 2025 · 20 months as independent · 7 listed boards · 7 as independent · 10 committee seats, 1 as chair
- JINKAL DARSHAN PATELIndependent · joined Jan 2025 · reappointed Jan 2025 · 20 months as independent · 1 listed board · 1 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.
1 director who left
- PATEL KRUPESHBHAI, left 7 Aug 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 27 Aug 20265 of 7 present3 independent · 36 days in between
- 21 Jul 20266 of 7 present4 independent · 72 days in between
- 9 May 20267 of 7 present4 independent
Audit Committee
Chair MILIN KAIMAS MEHTA
JINKAL DARSHAN PATEL, PATEL NIRAL
- 21 Jul 20263 of 3 present2 independent · 72 days in between
- 9 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair JINKAL DARSHAN PATEL
MILIN KAIMAS MEHTA, DUKHABANDHU RATH
- 9 May 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair BHADRESH BHUPENDRABHAI CHAUHAN
PATEL NIRAL, PATEL TANMAY
No meeting listed in the filing.
Risk Management Committee
Chair BHADRESH BHUPENDRABHAI CHAUHAN
PATEL NIRAL, PATEL TANMAY
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair PATEL NIRAL
AMISH KRUPESHBHAI PATEL, DUKHABANDHU RATH
No meeting listed in the filing.
Committee of Executive Directors
Chair PATEL NIRAL
PATEL TANMAY, AMISH KRUPESHBHAI 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.
- PARIKH SHAH CHOTALIA & ASSOCIATESPeer-review certificate valid to Sep 2027
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.
Atlanta Electricals 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.Atlanta Electricals share news and announcements
Annual general meeting, 21 Sep 2026
48,968 shareholders on the register on 14 Sep 2026; present: 5 promoters and 44 others; votes counted by MAYANK JOSHI / NANDANIYA JOSHI & ASSOCIATES.The company's voting result (opens in a new tab)
To consider and adopt (a) the audited financial statement of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon; and (b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2026 and the report of Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 86.09% · promoters 91.20% · institutions 91.22% · other public 8.90%
- To appoint Mr. Amish Patel (DIN: 02234678), Whole Time Director, who retires by rotation as a directorOrdinary99.86% for0.14% against
Against: promoters 0.00% · institutions 2.00% · other public 0.02%
Turnout: all 86.09% · promoters 91.20% · institutions 91.22% · other public 8.90%
- To ratify the remuneration of the Cost Auditors for the financial year 2026-27Ordinary99.86% for0.14% against
Against: promoters 0.00% · institutions 2.00% · other public 0.01%
Turnout: all 86.09% · promoters 91.20% · institutions 91.22% · other public 8.90%
- To appoint M/s Nandaniya Joshi & Associates, Practicing Company Secretaries, Vadodara as Secretarial Auditor of the Company for five financial years i.e. (2026-27 to 2030-31)Ordinary99.86% for0.14% against
Against: promoters 0.00% · institutions 2.00% · other public 0.01%
Turnout: all 86.09% · promoters 91.20% · institutions 91.22% · other public 8.90%
- To Approve ‘Atlanta Electricals Employee Stock Option Scheme 2026’ (“ESOS 2026”)SpecialNot passedRecorded as not passed although most votes were for it; no reason is given97.06% for2.94% against
Against: promoters 0.00% · institutions 42.62% · other public 0.03%
Turnout: all 86.09% · promoters 91.20% · institutions 91.22% · other public 8.90%
To extend approval of ‘Atlanta Electricals Employee Stock Option Scheme 2026’ (“ESOS 2026”) to the employees of Holding Company(ies), its Subsidiary Company ies) And/ Or Associate Company(ies), Group Company(ies) [Present And Future]MoreLess
Special97.06% for2.94% againstAgainst: promoters 0.00% · institutions 42.62% · other public 0.03%
Turnout: all 86.09% · promoters 91.20% · institutions 91.22% · other public 8.90%
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.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it
Mutual fund votes, meeting of 21 Sep 2026, 4 fund houses so far (houses' deadline to file 15 Oct 2026)
To consider and adopt (a) the audited financial statement of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon; and (b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2026 and the report of Auditors thereon.MoreLess
4 for0 against- To appoint Mr. Amish Patel (DIN: 02234678), Whole Time Director, who retires by rotation as a director4 for0 against
- To ratify the remuneration of the Cost Auditors for the financial year 2026-274 for0 against
- To appoint M/s Nandaniya Joshi & Associates, Practicing Company Secretaries, Vadodara as Secretarial Auditor of the Company for five financial years i.e. (2026-27 to 2030-31)4 for0 against
- To Approve ‘Atlanta Electricals Employee Stock Option Scheme 2026’ (“ESOS 2026”)
Against Angel One Mutual Fund, Edelweiss Mutual Fund, ICICI Prudential Mutual Fund
- Angel One Mutual FundInadequate disclosures on the Exercise Price / Pricing Formula, exercise period, Vesting Period and Lock-in period. Governance Concern: Acceleration provision under the vesting period; Potential economic benefits to a single employee appear to be disproportionate and excessive. Committee discretion on exercise period and lock-in period.
- Edelweiss Mutual Fund5Non-compliant with SEBI (SBEB & SE) Regulations, 2021: Inadequate disclosures on the Exercise Price / Pricing Formula, exercise period, Vesting Period and Lock-in period. Governance Concern: Acceleration provision under the vesting period; Potential economic benefits to a single employee appear to be disproportionate and excessive. Committee discretion on exercise period and lock-in period.
- ICICI Prudential Mutual FundPrice details for the ESOP are not disclosed in the Scheme. Hence, the AMC has voted against the resolution.
1 for3 against To extend approval of ‘Atlanta Electricals Employee Stock Option Scheme 2026’ (“ESOS 2026”) to the employees of Holding Company(ies), its Subsidiary Company ies) And/ Or Associate Company(ies), Group Company(ies) [Present And Future]MoreLess
Against Angel One Mutual Fund, Edelweiss Mutual Fund, ICICI Prudential Mutual Fund
- Angel One Mutual Fund, Edelweiss Mutual FundInterlinked with Resolution #5. Governance concern: Benefit extended to Holding and Associate Companies [Present and Future] without justification & without cost reimbursement provision.
- ICICI Prudential Mutual FundPrice details for the ESOP are not disclosed in the Scheme. Hence, the AMC has voted against the resolution.
1 for3 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
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
- Yes
- 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 Sep 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Public IssuesSep 2025, checked by CARE RATINGS LIMITED | 400.00 | – | – | No |