Bodal Chemicals logo

Bodal Chemicals CEO, MD, chairman, board of directors and AGM

NSE: BODALCHEMBSE: 524370Chemicals & PetrochemicalsSmall Cap

Last close ₹141.31down ₹7.43 (5.00%)BSE ₹141.25

Share price at the NSE close on 23 Oct 2026. Previous close ₹148.74.

52-week range of traded prices to 23 Oct 2026
₹42.81Low, 16 Mar 2026₹207.70High, 28 Sep 2026
Market cap
₹1,780 Cr1,653rd largest listed
P/E
25.9
P/B
1.5
Dividend yield
Nonein the last 12 months
ROE
6.1%
ROCE
5.8%
Debt to equity
0.69
Volume, NSE
2,65,829

Bodal Chemicals 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 director and CEOSURESHBHAI JAYANTIBHAI PATELRelated to the promoter
  • Company Secretary and Compliance OfficerAshutosh B Bhatt

8 directors4 independent4 executive

  • SURESHBHAI JAYANTIBHAI PATEL · Chairperson and managing director and CEOExecutive · joined Jun 2005 · reappointed May 2026 · 1 listed board
  • BHAVIN SURESH PATELExecutive · joined Jun 2005 · reappointed May 2026 · 1 listed board · 2 committee seats
  • PATEL ANKITKUMAR SURESHBHAIExecutive · joined May 2008 · reappointed May 2024 · 1 listed board
  • RAJARSHI GHOSHExecutive · joined May 2020 · reappointed May 2025 · 1 listed board
  • NALIN KUMARIndependent · joined Feb 2017 · reappointed Feb 2022 · 115 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • NEHA HUDDARIndependent · joined May 2017 · reappointed May 2022 · 112 months as independent · 4 listed boards · 4 as independent · 7 committee seats, 3 as chair
  • ROHIT BHOORCHAND MALOOIndependent · joined Dec 2022 · reappointed Dec 2022 · 45 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • MAYANK KULINCHANDRA MEHTAIndependent · joined Feb 2021 · reappointed Feb 2026 · 67 months as independent · 2 listed boards · 2 as independent · 1 committee seat

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 20268 of 8 present4 independent · 75 days in between
    • 21 May 20268 of 8 present4 independent

  • Audit Committee

    Chair ROHIT BHOORCHAND MALOO

    BHAVIN SURESH PATEL, NALIN KUMAR, NEHA HUDDAR

    • 5 Aug 20264 of 4 present3 independent · 75 days in between
    • 21 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair ROHIT BHOORCHAND MALOO

    NALIN KUMAR, NEHA HUDDAR

    • 5 Aug 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair ROHIT BHOORCHAND MALOO

    NALIN KUMAR, BHAVIN SURESH PATEL

    • 21 May 20263 of 3 present2 independent

  • Risk Management Committee

    Chair SURESHBHAI JAYANTIBHAI PATEL

    PATEL ANKITKUMAR SURESHBHAI, RAJARSHI GHOSH, ROHIT BHOORCHAND MALOO

    • 5 Aug 20264 of 4 present1 independent

  • Corporate Social Responsibility Committee

    Chair SURESHBHAI JAYANTIBHAI PATEL

    PATEL ANKITKUMAR SURESHBHAI, ROHIT BHOORCHAND MALOO

    • 5 Aug 20263 of 3 present1 independent · 75 days in between
    • 21 May 20263 of 3 present1 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.

  • B N P S and Associates LLPPeer-review certificate valid to May 2028
1 earlier auditor
  • M/s. Naresh J Patel & Co.Named in the filing for the quarter to Mar 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.

Bodal Chemicals 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.Bodal Chemicals dividend history

Annual general meeting, 25 Sep 2026

61,129 shareholders on the register on 18 Sep 2026; present: 5 promoters and 45 others; votes counted by Mr. Tapan Shah / Tapan Shah.The company's voting result (opens in a new tab)

  1. a. To receive, consider and adopt the Audited Standalone Financial Statement of the company for the financial year ended 31st March 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 31st March 2026 and the reports of Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 48.32% · promoters 83.78% · institutions 0.85% · other public 1.34%

  2. To appoint a director in place of Mr. Ankit S. Patel (Din: 02173231), who retires by rotation and being eligible offers himself for reappointment as a Director (Executive) of the company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 48.32% · promoters 83.78% · institutions 0.85% · other public 1.34%

  3. To ratify remuneration of Cost auditors M/s. Kiran J. Mehta & Co.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 48.31% · promoters 83.78% · institutions 0.85% · other public 1.32%

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, 8 resolutions

76,216 shareholders on the register on 19 Sep 2025; present: 5 promoters and 29 others; votes counted by Mr. Tapan Shah / Tapan Shah.The company's voting result (opens in a new tab)

  1. a. To receive, consider and adopt the Audited Standalone Financial Statement of the company for the financial year ended 31st March 2025 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 31st March 2025 and the reports of Auditors’ thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 50.08% · promoters 83.78% · institutions 19.00% · other public 5.32%

  2. To appoint a director in place of Mr. Rajarshi Gosh (Din: 08715159) who retires by rotation and being eligible offers himself for reappointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.30%

    Turnout: all 50.11% · promoters 83.78% · institutions 28.96% · other public 5.32%

  3. Approval for appointment of M/s. B N P S and Associates LLP as Statutory Auditor of the Company consequent upon merger of M/s. Naresh J. Patel & Co.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 50.11% · promoters 83.78% · institutions 28.96% · other public 5.32%

  4. To ratify remuneration of Cost auditors M/s. Kiran J. Mehta & Co.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 50.11% · promoters 83.78% · institutions 28.96% · other public 5.32%

  5. Appointment of M/s Shah & Shah Associates, Company Secretaries as Secretarial Auditor of the Company
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 50.11% · promoters 83.78% · institutions 28.96% · other public 5.32%

  6. To Re-appoint Mr. Mayank K. Mehta as an Independent Director of the Company for second term of period of five years:
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 50.11% · promoters 83.78% · institutions 28.96% · other public 5.32%

  7. To re-appoint Mr. Suresh J. Patel as a Chairman and Managing Director of the Company:
    Special
    99.54% for0.46% against

    Against: promoters 0.00% · institutions 99.99% · other public 0.31%

    Turnout: all 20.64% · promoters 32.08% · institutions 28.96% · other public 5.32%

  8. To re-appoint Mr. Bhavin S. Patel as Executive Director of the Company:
    Special
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 99.99% · other public 0.31%

    Turnout: all 41.78% · promoters 69.16% · institutions 28.96% · other public 5.32%

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, 24 Sep 2024, 4 resolutions

Present: 6 promoters and 48 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statement of the company for the financial year ended 31st March 2024 and the reports of the Board of Directors’ and Auditors’ thereon; and the Audited Consolidated Financial Statement of the company for the financial year ended 31st March 2024 and the reports of Auditors’ thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 50.00% · promoters 83.87% · institutions 14.11% · other public 4.28%

  2. To appoint a Director in place of Mr. Bhavin S. Patel (Holding Din: 00030464), who retires by rotation and being eligible offers himself for reappointment.
    Ordinary
    99.60% for0.40% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.06%

    Turnout: all 41.70% · promoters 69.34% · institutions 17.29% · other public 4.28%

  3. To ratify remuneration of Cost auditors.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 50.03% · promoters 83.87% · institutions 17.29% · other public 4.28%

  4. To re-appoint Mr. Rajarshi Ghosh as a Director – HSE of the Company:
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 50.03% · promoters 83.87% · institutions 17.29% · other public 4.28%

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, 20 Aug 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. To re-appoint Mr. Ankit S. Patel as an Executive Director of the Company
    Special
    99.61% for0.39% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.76%

    Turnout: all 44.43% · promoters 73.82% · institutions 50.21% · other public 4.50%

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, 3 Apr 2024, 1 resolution

Present: 4 promoters and 26 others.The company's voting result (opens in a new tab)

  1. ISSUE OF 1,00,00,000 SHARE WARRANTS, CONVERTIBLE INTO EQUITY SHARES ON PREFERENTIAL BASIS TO THE PERSONS BELONGING TO THE NON PROMOTER CATEGORY
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 50.26% · promoters 83.87% · institutions 25.55% · other public 4.52%

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, 28 Sep 2023, 4 resolutions

Present: 6 promoters and 34 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the AuditednStandalone Financial Statement of the Companynfor the financial year ended 31st March 2023nand the reports of the Board of Directors’ andnAuditors’ thereon; andnb. the Audited Consolidated Financial Statementnof the Company for the financial year endedn31st March 2023 and the reports of Auditors’nthereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 50.71% · promoters 83.87% · institutions 77.20% · other public 4.38%

  2. To declare dividend ` 0.10 per equity share (5% on FVnof ` 2/-) on equity shares for the financial year 2022-n23.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 50.74% · promoters 83.87% · institutions 80.34% · other public 4.38%

  3. To appoint a Director in place of Mr. Ankit S. Pateln(Holding Din: 02173231), who retires by rotation andnbeing eligible offers himself for reappointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 44.97% · promoters 73.82% · institutions 80.34% · other public 4.38%

  4. To ratify remuneration of Cost auditors.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 50.74% · promoters 83.87% · institutions 80.34% · other public 4.38%

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, 24 Jan 2023, 4 resolutions

The company's voting result (opens in a new tab)

  1. To Appoint Mr. Rohit Maloo as an Independent Director of the Company for period of five years :
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.42%

    Turnout: all 52.07% · promoters 83.87% · institutions 83.21% · other public 4.28%

  2. Alteration of the Objects Clause of the Memorandum of Association of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 52.07% · promoters 83.87% · institutions 83.21% · other public 4.28%

  3. To re-appoint Mr. Suresh J. Patel as a Chairman and Managing Director of the Company
    Special
    90.40% for9.60% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.37%

    Turnout: all 22.53% · promoters 32.47% · institutions 83.21% · other public 4.28%

  4. To re-appoint Mr. Bhavin S. Patel as an Executive Director of the Company
    Special
    95.05% for4.95% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.45%

    Turnout: all 43.71% · promoters 69.34% · institutions 83.21% · other public 4.28%

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 2022, 5 resolutions

Present: 6 promoters and 39 others.The company's voting result (opens in a new tab)

  1. a. To receive, consider and adopt the Audited Standalone Financial Statement of the company for the financial year ended 31st March 2022 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 31st March 2022 and the reports of Auditors’ thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 53.47% · promoters 83.87% · institutions 64.85% · other public 4.91%

  2. To declare dividend Rs.0.80 per equity share (40% on FV of Rs. 2/-) on equity shares for the financial year 2021-22
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 53.50% · promoters 83.87% · institutions 64.85% · other public 4.99%

  3. To appoint a Director in place of Mr. Rajarshi Gosh (Holding Din: 08715159), who retires by rotation and being eligible offers himself for reappointment.
    Ordinary
    98.92% for1.08% against

    Against: promoters 0.00% · institutions 24.96% · other public 1.92%

    Turnout: all 53.50% · promoters 83.87% · institutions 64.85% · other public 4.99%

  4. Appointment of M/s. Naresh J. Patel & Co., Chartered Accountants (Firm Registration No.: 123227W) as a Statutory Auditors of the company for the first term of 5 years
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 53.50% · promoters 83.87% · institutions 64.85% · other public 4.99%

  5. To ratify remuneration of Cost auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 53.50% · promoters 83.87% · institutions 64.85% · other public 4.99%

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 disputeIncome tax DepartmentSince 26 Mar 2024
    Pending for Hearing
    At the filing before: CIT (A), Ahmedabad- 11/10089/2009-10
  • Tax disputeIncome tax DepartmentSince 15 Jul 2026
    Pending for Hearing
    At the filing before: High Court Ahmedabad
  • Tax disputeIncome tax DepartmentSince 14 Apr 2026
    Pending for Hearing
    At the filing before: ITAT. Ahmedabad MA 32/AHD/2026 u/s 254(2)
  • Tax disputeIncome tax DepartmentSince 15 Mar 2025
    Pending for Hearing
    At the filing before: CIT (A), Ahmedabad- 11/12156/2015-16
  • Tax disputeIncome tax DepartmentSince 30 Oct 2021
    Pending for Hearing
    At the filing before: CIT (A), Ahmedabad-11/11114/2016-17
  • Tax disputeIncome tax DepartmentSince 30 Oct 2021
    Pending for Hearing
    At the filing before: CIT (A), Ahmedabad-11/10865/2017-18
  • Tax disputeIncome tax DepartmentSince 28 Apr 2022
    Pending for Hearing
    At the filing before: CIT (A), Ahmedabad-11/10520/2019-20

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

At most 1 complaint open, quarter to Dec 2024.
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
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.