Bharat Road Network logo

Bharat Road Network MD, chairman, board of directors and AGM

NSE: BRNLBSE: 540700Transport InfrastructureSmall Cap

Last close ₹13.62down ₹0.61 (4.29%)BSE ₹14.10

Share price at the NSE close on 23 Oct 2026. Previous close ₹14.23.

52-week range of traded prices to 23 Oct 2026
₹13.20Low, 23 Oct 2026₹26.50High, 24 Nov 2025
Market cap
₹114 Cr2,519th largest listed
P/E
Lossover the last 12 months
P/B
0.3
Dividend yield
Nonein the last 12 months
ROE
−36.6%
ROCE
−19.9%
Debt to equity
0.81
Volume, NSE
53,84772.5% delivered

Bharat Road Network 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

  • Company Secretary and Compliance OfficerAnkita Rathi

4 directors4 independent

  • Shree Ram TewariIndependent · joined Aug 2023 · 37 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Manta DeyIndependent · joined Feb 2024 · 31 months as independent · 1 listed board · 1 as independent · 4 committee seats, 2 as chair
  • Rajesh LihalaIndependent · joined Jun 2024 · 27 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Jaydeep ChakrabortyIndependent · joined Jun 2024 · 27 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.

6 directors who left
  • Bajrang Kumar Choudhary, left 5 Aug 2026: Others
  • Amitabh Kumar Jha, left 31 Jul 2026: Others
  • Santanu Ray, left 18 Apr 2026: Others
  • Brahm Dutt, left 13 May 2025: Tenure Completion
  • Tuktuk Kumar, left 10 Apr 2025: Others
  • Rakesh Kumar Gupta, left 7 Apr 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 14 Aug 20264 of 4 present4 independent · 75 days in between
    • 30 May 20265 of 6 present4 independent · 29 days in between
    • 30 Apr 20265 of 5 present4 independent

  • Audit Committee

    Rajesh Lihala, Jaydeep Chakraborty, Manta Dey

    • 14 Aug 20263 of 3 present3 independent · 75 days in between
    • 30 May 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair Manta Dey

    Rajesh Lihala, Shree Ram Tewari

    • 14 Aug 20263 of 3 present3 independent · 78 days in between
    • 27 May 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Shree Ram Tewari

    Manta Dey, Rajesh Lihala

    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.

  • S S Kothari Mehta & CoPeer-review certificate valid to Aug 2028

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.

Bharat Road Network 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.Bharat Road Network dividend history

Annual general meeting, 30 Sep 2026

51,281 shareholders on the register on 23 Sep 2026; present: 3 promoters and 71 others; votes counted by MOHAN RAM GOENKA / MR & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt - a) The Audited Standalone 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; b) The Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Report of the Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.03%

    Turnout: all 31.93% · promoters 61.71% · institutions 0.00% · other public 0.02%

  2. Approval for Related Party Transactions
    OrdinaryPromoters have an interest in it
    94.95% for5.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.05%

    Turnout: all 0.01% · promoters 0.00% · institutions 0.00% · other public 0.02%

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, 5 resolutions

55,242 shareholders on the register on 19 Sep 2025; present: 4 promoters and 75 others; votes counted by MOHAN RAM GOENKA / MR & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt - a) The Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereon; b) The Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Report of the Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 39.71% · promoters 61.88% · institutions 0.00% · other public 15.80%

  2. To appoint a Director in place of Mr. Bajrang Kumar Choudhary (DIN: 00441872), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 39.70% · promoters 61.88% · institutions 0.00% · other public 15.77%

  3. Appointment of M/s. MR & Associates., Company Secretaries as the Secretarial Auditor of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 39.71% · promoters 61.88% · institutions 0.00% · other public 15.80%

  4. Approval for Related Party Transactions
    OrdinaryNot passedPromoters have an interest in it
    38.90% for61.10% against

    Against: promoters 100.00% · institutions 0.00% · other public 0.01%

    Turnout: all 19.40% · promoters 22.81% · institutions 0.00% · other public 15.78%

  5. Approval of Related Party Transactions of subsidiaries of the Company
    OrdinaryNot passedPromoters have an interest in it
    38.90% for61.10% against

    Against: promoters 100.00% · institutions 0.00% · other public 0.01%

    Turnout: all 19.40% · promoters 22.81% · institutions 0.00% · other public 15.78%

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 2024, 3 resolutions

Present: 4 promoters and 68 others.The company's voting result (opens in a new tab)

  1. ORDINARY - To receive, consider and adopt –nna) The Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2024, together with the Report of the Board of Directors and Auditors thereon.nb) The Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2024 together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 44.06% · promoters 61.88% · institutions 0.00% · other public 24.84%

  2. ORDINARY - To appoint a Director in place of Mr. Bajrang Kumar Choudhary (DIN: 00441872), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 44.06% · promoters 61.88% · institutions 0.00% · other public 24.84%

  3. Approval of Related Party Transactions
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 44.06% · promoters 61.88% · institutions 0.00% · other public 24.84%

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, 29 Aug 2024, 2 resolutions

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

  1. Approval for Appointment of Mr. Jaydeep Chakraborty (DIN: 00907786) as an Independent Director for a first term of 5 consecutive years
    Special
    99.96% for0.04% against

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

    Turnout: all 44.20% · promoters 61.98% · institutions 0.00% · other public 24.93%

  2. Approval for Appointment of Mr. Rajesh Lihala (DIN: 00282891) as an Independent Director for a first term of 5 consecutive years
    SpecialPromoters have an interest in it
    99.97% for0.03% against

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

    Turnout: all 44.20% · promoters 61.98% · institutions 0.00% · other public 24.93%

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, 21 Mar 2024, 3 resolutions

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

  1. Continuation of Directorship of Prof. Santanu Ray (DIN:00642736) as a Non-Executive Independent Director of the Company who will attain the age of 75 years on 30.06.2024
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 51.25% · promoters 62.74% · institutions 0.00% · other public 38.29%

  2. Re-appointment of Prof. Santanu Ray (DIN: 00642736) as Independent Director for a second term of 5 consecutive years
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 51.25% · promoters 62.74% · institutions 0.00% · other public 38.29%

  3. Appointment of Dr. (Ms.) Manta Dey (DIN:10234816) as an Additional Director (category: Independent) for a first term of 5 consecutive years
    Special
    99.98% for0.02% against

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

    Turnout: all 51.25% · promoters 62.74% · institutions 0.00% · other public 38.29%

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, 5 resolutions

Present: 3 promoters and 74 others.The company's voting result (opens in a new tab)

  1. ORDINARY - To receive, consider and adopt –na) The Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2023, together with the Report of the Board of Directors and Auditors thereon.nb) The Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2023 together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 55.26% · promoters 63.15% · institutions 0.00% · other public 46.10%

  2. ORDINARY - To appoint a Director in place of Mr. Bajrang Kumar Choudhary (DIN: 00441872), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 55.25% · promoters 63.15% · institutions 0.00% · other public 46.07%

  3. Approval for Re-designation of Mr. Shree Ram Tewari (DIN: 07698268) as an Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 55.26% · promoters 63.15% · institutions 0.00% · other public 46.10%

  4. Approval for Re-designation of Mr. Rakesh Kumar Gupta (DIN: 06806891) as Independent Director of the Company `
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 55.26% · promoters 63.15% · institutions 0.00% · other public 46.10%

  5. Approval of Related Party Transactions
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 21.30% · promoters 0.00% · institutions 0.00% · other public 46.07%

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, 17 Dec 2022, 2 resolutions

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

  1. Appointment of Mr. Bajrang Kumar Choudhary (DIN: 00441872) as the Managing Director of the Company for a term of 3 years
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 50.70% · promoters 63.15% · institutions 0.00% · other public 36.22%

  2. Appointment of Mr. Shree Ram Tewari (DIN: 07698268) as a Non-Executive Non-Independent Director of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 50.71% · promoters 63.15% · institutions 0.00% · other public 36.24%

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 2022, 6 resolutions

Present: 4 promoters and 53 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt a) The Audited Standalone Financial Statement of the Company for the Financial Year ended March 31, 2022,ntogether with the Reports of the Board of Directors and Auditors thereon. b) The Audited Consolidated Financial Statement of the Company for the FinancialnYear ended March 31, 2022, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 50.44% · promoters 63.15% · institutions 0.00% · other public 35.66%

  2. To appoint a Director in place of Mr. Bajrang Kumar Choudhary (DIN: 00441872), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    71.78% for28.22% against

    Against: promoters 36.85% · institutions 0.00% · other public 0.07%

    Turnout: all 70.24% · promoters 100.00% · institutions 0.00% · other public 35.64%

  3. To re-appoint the Statutory Auditors of the Company, and to fix their remuneration
    Ordinary
    99.98% for0.02% against

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

    Turnout: all 70.25% · promoters 100.00% · institutions 0.00% · other public 35.66%

  4. Re-appointment of Mr. Bajrang Kumar Choudhary (DIN: 00441872) as the Managing Director (MD) of the Company, liable to retire by rotation
    Special
    71.78% for28.22% against

    Against: promoters 36.85% · institutions 0.00% · other public 0.07%

    Turnout: all 70.24% · promoters 100.00% · institutions 0.00% · other public 35.64%

  5. Appointment of Mr. Rakesh Kumar Gupta (DIN: 06806891) as a Director (Category – Non-Executive and Non-Independent) of the Company liable to retire by rotation
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 50.44% · promoters 63.15% · institutions 0.00% · other public 35.66%

  6. Approval of Related Party Transactions
    OrdinaryPromoters have an interest in it
    99.96% for0.04% against

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

    Turnout: all 24.88% · promoters 15.62% · institutions 0.00% · other public 35.64%

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

At most 1 complaint open, quarter to Jun 2026.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
No
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.