Chemtech Industrial Valves MD, chairman, board of directors and AGM
BSE: 537326Industrial ManufacturingSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹50.70.
- 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.
- ₹92 Cr2,689th 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 12 Aug 2026
- 33.9
- 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 30 May 2026
- 0.8
- 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 12 Aug 2026
- 2.7%
- 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 12 Aug 2026
- −0.5%
- 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 30 May 2026
- 0.00
- Volume, BSEVolume. Shares traded on the last trading day.
- 10,464
Chemtech Industrial Valves 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
- Chairperson and managing directorHARSH PRADEEP BADKURRelated to the promoter
- Company Secretary and Compliance OfficerAarohi Pareek
6 directors3 independent3 executive
- HARSH PRADEEP BADKUR · Chairperson and managing directorExecutive · joined Sep 2010 · reappointed Apr 2023 · 1 listed board · 1 committee seat
- PUNEET PRADEEP BADKURExecutive · joined May 2017 · reappointed Apr 2023 · 1 listed board · 1 committee seat
- IGNATIOUS DAVID INASU CHITTATUKARAKARANExecutive · joined Jan 1997 · reappointed Apr 2023 · 1 listed board
- AMITA JAINIndependent · joined Aug 2023 · 31 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- MANISHA YOGESH LAKHANIIndependent · joined Jan 2020 · reappointed Jan 2025 · 74 months as independent · 1 listed board · 1 as independent · 1 committee seat
- HEMANT GOYALIndependent · joined May 2022 · 46 months as independent · 1 listed board · 1 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
- 26 Jun 20266 of 6 present3 independent · 3 days in between
- 22 Jun 20266 of 6 present3 independent · 13 days in between
- 8 Jun 20266 of 6 present3 independent · 8 days in between
- 30 May 20266 of 6 present3 independent · 39 days in between
3 earlier meetings
- 20 Apr 20266 of 6 present3 independent · 23 days in between
- 27 Mar 20266 of 6 present3 independent · 41 days in between
- 13 Feb 20266 of 6 present3 independent
Audit Committee
Chair AMITA JAIN
MANISHA YOGESH LAKHANI, HARSH PRADEEP BADKUR
- 30 May 20263 of 3 present2 independent · 63 days in between
- 27 Mar 20263 of 3 present2 independent · 41 days in between
- 13 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair AMITA JAIN
MANISHA YOGESH LAKHANI, HEMANT GOYAL
- 30 May 20263 of 3 present3 independent · 39 days in between
- 20 Apr 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair AMITA JAIN
PUNEET PRADEEP BADKUR, HEMANT GOYAL
- 7 Jan 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.
- M/s Raju & PrasadPeer-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.
Chemtech Industrial Valves 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.Chemtech Industrial Valves share news and announcements
Annual general meeting, 30 Sep 2026
5,740 shareholders on the register on 23 Sep 2026; present: 4 promoters and 51 others; votes counted by SHRIRAM IMARTEY / S P IMARTEY & ASSOCIATES.The company's voting result (opens in a new tab)
ADOPTION OF AUDITED FINANCIAL STATEMENTS - To receive, consider and adopt the Audited Financial Statements and the Reports of the Board of Directors and Auditors thereon for the Financial Year ended March 31, 2026.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 44.38% · promoters 100.00% · institutions 63.21% · other public 5.01%
- TO APPOINT MR. PUNEET PRADEEP BADKUR, (DIN: 07803209), AS DIRECTOR WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENTOrdinary98.22% for1.78% against
Against: promoters 0.00% · institutions 100.00% · other public 0.00%
Turnout: all 44.38% · promoters 100.00% · institutions 63.21% · other public 5.01%
- 3- TO CONSIDER AND APPROVE THE INCREASE IN LIMIT UNDER SECTION 186 OF THE COMPANIES ACT, 2013 FOR MAKING LOAN AND INVESTMENT BY COMPANY.Special98.22% for1.78% against
Against: promoters 0.00% · institutions 100.00% · other public 0.00%
Turnout: all 44.38% · promoters 100.00% · institutions 63.21% · other public 5.01%
- TO CONSIDER AND APPROVE THE ALTERATION IN THE OBJECTS CLAUSE OF THE MEMORANDUM OF ASSOCIATION OF THE COMPANY.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 44.38% · promoters 100.00% · institutions 63.21% · other public 5.01%
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.
Mutual fund votes, meeting of 30 Sep 2025, 1 fund house
- Item 1, as a fund house numbered it1 for0 against
- Item 2, as a fund house numbered it1 for0 against
- Item 3, as a fund house numbered it1 for0 against
- Item 4, as a fund house numbered it1 for0 against
- Item 5, as a fund house numbered it1 for0 against
- Item 6, as a fund house numbered it1 for0 against
- Item 7, as a fund house numbered it1 for0 against
Mutual fund votes, meeting of 21 Apr 2025, 1 fund house
- Item 1, as a fund house numbered it
Against Taurus Mutual Fund
- Taurus Mutual FundMs. Manisha Lakhani, 54, is a Chartered Accountant with over two decades of experience in accounts, audit and taxation. She has been an independent director on the board of Chemtech Industrial Valves Ltd from 22 January 2020. She has attended 19 out of 20 (95%) board meetings held in FY24. The company should have disclosed the number of board meetings attended by her in FY25 till the date of the notice.Regulations require shareholders’ approval through a special resolution for appointment/reappointment of independent directors – the company has sought approval via an ordinary resolution. The resolution itself is an ordinary resolution whereas the explanatory statement states that a special resolution has been sought. We do not support the resolution.
0 for1 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines and tax disputes
Reported in the filing for the quarter to Jun 2026.
- Fine or penaltyBSE LimitedSince 20 May 2026
Non-compliance with requirement to appoint a qualified company secretary as the compliance officer for the Quarter ended March 2026
- Tax disputeDGGI Mumbai Zonal UnitSince 16 Mar 2023
On April 15, 2026, the Appellate Authority, i.e., the Commissioner (Appeals), CGST, passed an order upholding the Order-in-Original issued by the Joint Commissioner, CGST, Thane, thereby rejecting the Company's appeal. Being aggrieved by the said order and not concurring with the findings of the Appellate Authority, the Company has preferred a further appeal before the Goods and Services Tax Appellate Tribunal (GSTAT) on July 15, 2026. The appeal is currently pending before the GSTAT, and the Company is awaiting the hearing and adjudication of the matter.MoreLess
At the filing before: We have filed an Appeal against the Order passed by Commissioner (Appeals) & Ex, Thane.
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
- Yes
- The filing has a part on fines and penalties
- Yes
- 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.
How money raised was used
Reported for the quarter to Mar 2026. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far. A statement's amounts are left out where the raise it states is more than ten times everything the company owns, a figure typed at the wrong scale.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesMar 2026 | – | long term funding for capital expenditure, working capital, general corporate purposes, etc. | – | – | No |