De Nora India logo

De Nora India MD, chairman, board of directors and AGM

NSE: DENORABSE: 590031Industrial ProductsSmall Cap

Formerly Titanor Components
Last close ₹699.60up ₹21.05 (3.10%)BSE ₹706.15

Share price at the NSE close on 23 Oct 2026. Previous close ₹678.55.

52-week range of traded prices to 23 Oct 2026
₹559.00Low, 1 Feb 2026₹960.35High, 24 Jun 2026
Market cap
₹371 Cr2,011th largest listed
P/E
30.5
P/B
2.9
Dividend yield
0.57%
ROE
9.8%
ROCE
6.0%
Debt to equity
0.00
Volume, NSE
7,73665.5% delivered

De Nora India 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

  • ChairpersonSupriya Banerji
  • Managing directorVinay Chopra
  • Company Secretary and Compliance OfficerShrikant Pai

6 directors3 independent2 executive1 non-executive

  • Supriya Banerji · ChairpersonIndependent · joined Sep 2018 · reappointed Sep 2023 · 93 months as independent · 1 listed board · 1 as independent
  • Vinay Chopra · Managing directorExecutive · joined May 2013 · 1 listed board · 1 committee seat
  • Purushottam MantriIndependent · joined Feb 2021 · reappointed Feb 2026 · 65 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 5 as chair
  • Lalita Correia AfonsoIndependent · joined Jul 2023 · reappointed Jul 2023 · 36 months as independent · 1 listed board · 1 as independent · 3 committee seats
  • Deepak NagvekarExecutive · joined Sep 2025 · 1 listed board
  • Guido PicariNon-executive · joined Nov 2025 · 1 listed board · 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.

2 directors who left
  • Robert Scannell, left 5 Nov 2025: Others
  • Francesco L'Abbate, left 18 Sep 2025: Tenure Completion

Committees and meetings

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

  • Board

    • 27 Jun 20266 of 6 present3 independent · 53 days in between
    • 4 May 20265 of 6 present3 independent · 47 days in between
    • 17 Mar 20266 of 6 present3 independent · 41 days in between
    • 3 Feb 20265 of 6 present3 independent

  • Audit Committee

    Chair Purushottam Mantri

    Lalita Correia Afonso, Guido Picari

    • 4 May 20262 of 3 present2 independent · 47 days in between
    • 17 Mar 20262 of 3 present2 independent · 41 days in between
    • 3 Feb 20262 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Purushottam Mantri

    Supriya Banerji, Lalita Correia Afonso

    • 27 Jun 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Purushottam Mantri

    Vinay Chopra, Lalita Correia Afonso

    • 4 May 20263 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair Supriya Banerji

    Vinay Chopra, Purushottam Mantri

    • 27 Jun 20263 of 3 present2 independent · 53 days in between

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.

  • Price Waterhouse Chartered Accountants LLPPeer-review certificate valid to Nov 2026

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.

De Nora India 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.De Nora India dividend history

Annual general meeting, 23 Sep 2026

14,022 shareholders on the register on 16 Sep 2026; present: 1 promoter and 50 others; votes counted by Rakhee Raghunath Malkarnekar / Rakhee Raghunath Malkarnekar.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements for the Financial Year ended March 31, 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.70%

    Turnout: all 54.03% · promoters 100.00% · institutions 21.19% · other public 0.29%

  2. Declaration of Dividend on Equity Shares
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.70%

    Turnout: all 54.03% · promoters 100.00% · institutions 21.19% · other public 0.29%

  3. Re-appointment of Mr. Deepak Nagvekar (DIN:11300643), who retires by rotation, as a Director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.70%

    Turnout: all 54.03% · promoters 100.00% · institutions 21.19% · other public 0.29%

  4. Approval for increase in the maximum aggregate value of Material Related Party Transactions with Industrie De Nora S.p.A., Italy (‘IDN’) for FY 2026-27
    OrdinaryPromoters have an interest in it
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.70%

    Turnout: all 0.35% · promoters 0.00% · institutions 21.19% · other public 0.29%

  5. Approval for Material Related Party Transactions with Industrie De Nora S.p.A., Italy (‘IDN’) for FY 2027-28
    OrdinaryPromoters have an interest in it
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.70%

    Turnout: all 0.35% · promoters 0.00% · institutions 21.19% · other public 0.29%

  6. Ratification of remuneration payable to Cost Auditors for the Financial Year ending March 31, 2027
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.91%

    Turnout: all 54.03% · promoters 100.00% · institutions 21.19% · other public 0.29%

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.

Postal ballot, 30 Apr 2026, 1 resolution

14,648 shareholders on the register on 20 Mar 2026; votes counted by Rakhee Raghunath Malkarnekar / Rakhee Raghunath Malkarnekar.The company's voting result (opens in a new tab)

  1. Approval of Material Related Party Transactions with Industrie De Nora S.p.A., Italy (‘IDN’)
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 0.92% · promoters 0.00% · institutions 0.96% · other public 2.01%

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.

Postal ballot, 15 Dec 2025, 3 resolutions

15,327 shareholders on the register on 7 Nov 2025; votes counted by Rakhee Raghunath Malkarnekar / Rakhee Raghunath Malkarnekar.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Deepak Nagvekar (DIN: 11300643) as a Whole-time Director of the Company and payment of remuneration to him
    Special
    100.00% for0.00% against

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

    Turnout: all 54.42% · promoters 100.00% · institutions 2.81% · other public 1.61%

  2. Appointment of Mr. Guido Picari (DIN:08117857) 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 0.02%

    Turnout: all 54.42% · promoters 100.00% · institutions 2.81% · other public 1.61%

  3. Re-appointment of Mr. Purushottam Mantri (DIN: 06785989) as an Independent Director of the Company for a second term of five (5) consecutive years
    Special
    100.00% for0.00% against

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

    Turnout: all 54.42% · promoters 100.00% · institutions 2.81% · other public 1.61%

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, 18 Sep 2025, 5 resolutions

15,460 shareholders on the register on 11 Sep 2025; present: 1 promoter and 41 others; votes counted by Sudarshan V Shintre / Sudarshan V Shintre.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements for the Financial Year ended March 31, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.53%

    Turnout: all 53.73% · promoters 100.00% · institutions 1.58% · other public 0.11%

  2. Mr. Francesco L’Abbate(DIN:08063332), Non- Executive Director, liable to retire by rotation , who does not seek re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.53%

    Turnout: all 53.73% · promoters 100.00% · institutions 1.58% · other public 0.11%

  3. Approval for Material Related Party Transactions with Industrie De Nora S.p.A, Italy.
    OrdinaryPromoters have an interest in it
    99.51% for0.49% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.53%

    Turnout: all 0.05% · promoters 0.00% · institutions 1.58% · other public 0.11%

  4. Approval for Material Related Party Transactions with De Nora Italy S.r.l, Italy.
    OrdinaryPromoters have an interest in it
    99.51% for0.49% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.53%

    Turnout: all 0.05% · promoters 0.00% · institutions 1.58% · other public 0.11%

  5. Appointment of Secretarial Auditor for a period of 5 consecutive years.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.53%

    Turnout: all 53.73% · promoters 100.00% · institutions 1.58% · other public 0.11%

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, 25 Sep 2024, 6 resolutions

Present: 1 promoter and 43 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements for the Financial Year ended March 31, 2024
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 54.22% · promoters 100.00% · institutions 67.53% · other public 0.70%

  2. Declaration of dividend on equity shares
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 54.22% · promoters 100.00% · institutions 67.53% · other public 0.70%

  3. Re-appointment of Mr. Robert Scannell (DIN: 06818489) who retires by rotation, as a Director
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 54.22% · promoters 100.00% · institutions 67.53% · other public 0.70%

  4. Approval for Material Related Party Transactions with Industrie De Nora S.p.A., Italy
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

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

    Turnout: all 0.54% · promoters 0.00% · institutions 67.53% · other public 0.70%

  5. Adoption of new set of Articles of Association (“AoA”) of the Company in accordance with the Companies Act, 2013
    Special
    100.00% for0.00% against

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

    Turnout: all 54.22% · promoters 100.00% · institutions 67.53% · other public 0.70%

  6. Re-appointment of Mr. Vinay Chopra (DIN: 06543610) as the Managing Director and payment of remuneration to him
    Special
    100.00% for0.00% against

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

    Turnout: all 54.22% · promoters 100.00% · institutions 67.53% · other public 0.70%

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.

Annual general meeting, 12 Sep 2023, 6 resolutions

Present: 1 promoter and 40 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements for the Financial Year 2022-23
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 54.63% · promoters 100.00% · institutions 0.00% · other public 2.08%

  2. Declaration of Dividend on equity shares
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 54.63% · promoters 100.00% · institutions 0.00% · other public 2.08%

  3. Appointment of Mr. Francesco L’Abbate (DIN: 08063332) as a Director liable to retire by rotation
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 54.63% · promoters 100.00% · institutions 0.00% · other public 2.08%

  4. Appointment of the Statutory Auditors of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 54.63% · promoters 100.00% · institutions 0.00% · other public 2.08%

  5. Appointment of Ms. Lalita Correia Afonso (DIN: 07986827) as an Independent Director
    Special
    100.00% for0.00% against

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

    Turnout: all 54.63% · promoters 100.00% · institutions 0.00% · other public 2.08%

  6. Re-appointment of Ms. Supriya Banerji (DIN:05209284) as an Independent Director for a Second Term of 5 (five) consecutive years
    Special
    100.00% for0.00% against

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

    Turnout: all 54.63% · promoters 100.00% · institutions 0.00% · other public 2.08%

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 2022, 4 resolutions

Present: 1 promoter and 29 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements for the Financial Year 2021-22
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 53.84% · promoters 100.00% · institutions 0.00% · other public 0.35%

  2. Declaration of Dividend on equity shares
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 11.58%

    Turnout: all 53.84% · promoters 100.00% · institutions 0.00% · other public 0.35%

  3. Re-appointment of Mr. Robert Scannell (DIN: 06818489)
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 53.84% · promoters 100.00% · institutions 0.00% · other public 0.35%

  4. Increase in the limit of overall remuneration payable to Mr. Vinay Chopra, Managing Director (DIN:06543610)n
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.79%

    Turnout: all 53.84% · promoters 100.00% · institutions 0.00% · other public 0.35%

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, 15 May 2022, 2 resolutions

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

  1. Prior approval of Material Related Party Transactions with De Nora Italy S.r.l., Italy
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 1.65% · promoters 0.00% · institutions 0.00% · other public 3.56%

  2. Reappointment of Mr. Vinay Chopra (DIN 06543610) as the Managing Director and payment of remuneration to him
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 55.33% · promoters 100.00% · institutions 0.00% · other public 3.56%

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

None open at any 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.