Balurghat Technologies MD, chairman, board of directors and AGM
BSE: 520127Transport ServicesSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹12.49.
- Under BSE's short-term additional surveillance, stage I, on the list for 22 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- 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.
- ₹21 Cr3,995th 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
- 13.6
- 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 28 May 2026
- 1.2
- 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 13 Aug 2026
- 8.7%
- 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
- 8.4%
- 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 28 May 2026
- 1.50
- Volume, BSEVolume. Shares traded on the last trading day.
- 8,282
Balurghat Technologies 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
- Managing directorPawan Kumar Sethia
- ChairpersonShweta
- Company Secretary and Compliance OfficerArpita Bose
6 directors2 independent3 executive1 non-executive
- Arun Kumar SethiaExecutive · joined Dec 1998 · reappointed Oct 2021 · 1 listed board · 2 committee seats
- Pawan Kumar Sethia · Managing directorExecutive · joined Jun 1993 · reappointed Feb 2022 · 1 listed board
- Ravikant SethiaExecutive · joined Aug 2020 · reappointed Aug 2025 · 1 listed board
- Manik Chand TaterIndependent · joined Nov 2021 · reappointed Sep 2022 · 57 months as independent · 1 listed board · 1 as independent · 1 committee seat, 2 as chair
- Rajendra DugarNon-executive · joined Jul 2018 · reappointed Sep 2022 · 1 listed board
- Shweta · ChairpersonIndependent · joined May 2026 · 4 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 2 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
- Geetika Khandelwal, left 29 May 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 15 Sep 20266 of 6 present2 independent · 13 days in between
- 1 Sep 20266 of 6 present2 independent · 18 days in between
- 13 Aug 20266 of 6 present2 independent · 11 days in between
- 1 Aug 20266 of 6 present2 independent · 14 days in between
2 earlier meetings
- 17 Jul 20266 of 6 present2 independent · 49 days in between
- 28 May 20266 of 6 present2 independent
Audit Committee
Chair Shweta
Arun Kumar Sethia, Manik Chand Tater
- 13 Aug 20263 of 3 present2 independent · 76 days in between
- 28 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Manik Chand Tater
Rajendra Dugar, Shweta
- 1 Sep 20263 of 3 present2 independent · 45 days in between
- 17 Jul 20263 of 3 present2 independent · 49 days in between
- 28 May 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Manik Chand Tater
Arun Kumar Sethia, Shweta
- 13 Aug 20263 of 3 present2 independent · 76 days in between
- 28 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.
- SAMBHU N DE & COPeer-review certificate valid to Mar 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.
Balurghat Technologies 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.Balurghat Technologies share news and announcements
Annual general meeting, 11 Aug 2026
13,249 shareholders on the register on 4 Aug 2026; present: 9 promoters and 49 others; votes counted by UDIT AGARWAL / KAMALIA ASSOCIATES.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 46.71% · promoters 96.92% · institutions 0.00% · other public 21.70%
- Re-appointment of Mr. Rajendra Dugar (DIN: 08187495), who retires 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 46.71% · promoters 96.92% · institutions 0.00% · other public 21.70%
- Re-appointment of Mr. Arun Kumar Sethia (DIN: 00001027) as Whole-time Director of the Company for a period of five years from October 28, 2026 to October 27, 2031.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 46.71% · promoters 96.92% · institutions 0.00% · other public 21.70%
Re-appointment of Mr. Pawan Kumar Sethia (DIN: 00482462) as Managing Director of the Company for a period of five years from February 21, 2027 to February 20, 2032, including approval for continuation notwithstanding that he shall attain the age of 70 years during his tenureMoreLess
SpecialPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 46.71% · promoters 96.92% · institutions 0.00% · other public 21.70%
Regularisation of Mrs. Shweta (DIN: 10283634) as a Non-Executive Independent Director of the Company, not liable to retire by rotation, for a first term of five consecutive years from May 28, 2026 to May 27, 2031.MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 46.71% · promoters 96.92% · institutions 0.00% · other public 21.70%
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
- No
- 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.