Chandrima Mercantiles MD, chairman, board of directors and AGM
BSE: 540829Commercial Services & SuppliesSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹7.68.
- 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.
- ₹243 Cr2,405th 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.
- Earlier quarters restated in the year
- 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 26 May 2026
- 2.4
- 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
- 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 12 Aug 2026
- 4.1%
- 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 26 May 2026
- 0.06
- Volume, BSEVolume. Shares traded on the last trading day.
- 41,361
Chandrima Mercantiles board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Managing directorCHIRAGKUMAR KIRANBHAI PRAJAPATI
- ChairpersonDINESH HARESHBHAI GOHEL
4 directors2 independent1 executive1 non-executive
- CHIRAGKUMAR KIRANBHAI PRAJAPATI · Managing directorExecutive · joined Nov 2025 · 1 listed board
- CHETNAIndependent · joined Oct 2023 · 33 months as independent · 6 listed boards · 6 as independent · 10 committee seats, 3 as chair
- PARIN SHIRISHKUMAR BHAVSARIndependent · joined Oct 2023 · 33 months as independent · 1 listed board · 1 as independent · 2 committee seats
- DINESH HARESHBHAI GOHEL · ChairpersonNon-executive · joined Apr 2025 · 1 listed board · 1 committee seat, 1 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.
3 directors who left
- Pranav Kamleshkumar Trivedi, left 6 Jan 2026: Others
- ARUN THAKOR, left 4 Jul 2025: Others
- CHIRAG RAMESHBHAI PATEL, left 11 Oct 2024: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 26 May 20264 of 4 present2 independent · 100 days in between
- 14 Feb 20264 of 4 present2 independent · 24 days in between
- 20 Jan 20264 of 4 present2 independent · 13 days in between
- 6 Jan 20265 of 5 present2 independent
Audit Committee
Chair CHETNA
PARIN SHIRISHKUMAR BHAVSAR, DINESH HARESHBHAI GOHEL
- 26 May 20263 of 3 present2 independent · 100 days in between
- 14 Feb 20263 of 3 present2 independent · 24 days in between
- 20 Jan 20263 of 3 present2 independent
Nomination and remuneration committee
Chair CHETNA
PARIN SHIRISHKUMAR BHAVSAR, DINESH HARESHBHAI GOHEL
- 20 Jan 20263 of 3 present2 independent · 13 days in between
- 6 Jan 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair DINESH HARESHBHAI GOHEL
PARIN SHIRISHKUMAR BHAVSAR, CHETNA
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.
- M/s. M A A K & AssociatesPeer-review certificate valid to Jun 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.
Chandrima Mercantiles 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.Chandrima Mercantiles share news and announcements
Annual general meeting, 17 Sep 2026
22,709 shareholders on the register on 10 Sep 2026; present: 0 promoters and 34 others; votes counted by Jay Pandya / M/s. Jay Pandya & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended on 31st March, 2026 and Statement of Profit and Loss together with the notes forming part thereof and Cash Flow Statement for the financial year ended on that date, and the reports of the Board of Directors ("The Board") and Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 28.41% · promoters 0.00% · institutions 0.00% · other public 28.41%
- To appoint a director in place of Mr. Dinesh Hareshbhai Gohel (DIN: 11061856) who is retiring by rotation and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 28.41% · promoters 0.00% · institutions 0.00% · other public 28.41%
- To appoint M/s. M A A K & Associates, Chartered Accountants (FRN: 135024W), Ahmedabad, as the Statutory Auditor of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 28.41% · promoters 0.00% · institutions 0.00% · other public 28.41%
- Appointment of Ms. Neha Singhal (DIN: 11766064) as Non-Executive and Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 28.41% · promoters 0.00% · institutions 0.00% · other public 28.41%
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.
Fines
Reported in the filing for the quarter to Jun 2026.
- Fine or penaltySecurities and Exchange Board of IndiaSince 11 Jun 2026
SEBI has issued a Notice of Demand / Recovery Certificate No. 9155 of 2026 dated 11 June 2026 under Section 28A of the SEBI Act, 1992 read with Section 222 of the Income-tax Act, 1961, directing the Company and other noticees to jointly and severally pay ₹2,70,01,000, comprising penalty of ₹2,50,00,000, interest of ₹20,00,000 (up to June 2026), and recovery costs of ₹1,000, within 15 days of receipt of the notice.
The demand arises pursuant to the Adjudicating Officer's Order No. Order/AK/DS/2025-26/31761-31780 dated 31 October 2025, passed in the matter relating to price and volume manipulation in the scrip of Quasar India Limited.MoreLess
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
- Yes
- 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.