Diffusion Engineers MD, chairman, board of directors and AGM
NSE: DIFFNKGBSE: 544264Industrial ProductsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹398.40.
- 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.
- ₹1,476 Cr1,428th 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 11 Aug 2026
- 27.0
- 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 16 May 2026
- 3.6
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.38%
- 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 11 Aug 2026
- 14.1%
- 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 11 Aug 2026
- 12.3%
- 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 16 May 2026
- 0.07
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 96,80550.7% delivered
Diffusion Engineers 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 directorPrashant GargRelated to the promoter
- Company Secretary and Compliance OfficerCHANCHAL JAISWAL
6 directors3 independent1 executive2 non-executive
- Prashant Garg · Chairperson and managing directorExecutive · joined Nov 2003 · reappointed Mar 2025 · 1 listed board · 2 committee seats
- Nitin Narender Kumar GargNon-executive · joined Jul 2024 · 1 listed board · 1 committee seat
- Chitra GargNon-executive · joined Dec 2023 · 1 listed board
- Anil Kumar TrigunayatIndependent · joined Nov 2023 · reappointed Nov 2023 · 34 months as independent · 1 listed board · 1 as independent
- Sherry Samuel OommenIndependent · joined Aug 2024 · reappointed Aug 2024 · 25 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- Deepali S BendreIndependent · joined Aug 2024 · reappointed Aug 2024 · 25 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
- 11 Aug 20266 of 6 present3 independent · 86 days in between
- 16 May 20266 of 6 present3 independent
Audit Committee
Chair Sherry Samuel Oommen
Deepali S Bendre, Prashant Garg
- 10 Aug 20263 of 3 present2 independent · 85 days in between
- 16 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Deepali S Bendre
Sherry Samuel Oommen, Chitra Garg
- 16 May 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Sherry Samuel Oommen
Prashant Garg, Nitin Narender Kumar Garg
No meeting listed in the filing.
Risk Management Committee
Chair Prashant Garg
Sherry Samuel Oommen, Anil Kumar Trigunayat, Abhishek Mehta
- 11 Aug 20263 of 3 present2 independent · 86 days in between
Corporate Social Responsibility Committee
Chair Deepali S Bendre
Nitin Narender Kumar Garg, Chitra Garg
- 16 May 20263 of 3 present1 independent
Finance Committee
Chair Deepali S Bendre
Prashant Garg
- 10 Jul 20262 of 2 present1 independent · 54 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.
- M/S PGS and AssociatesPeer-review certificate valid to Aug 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.
Diffusion Engineers 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.Diffusion Engineers dividend history
Annual general meeting, 7 Sep 2026
22,413 shareholders on the register on 26 Aug 2026; present: 7 promoters and 52 others; votes counted by Amit K Rajkotiya / NA.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 2025-26 including Balance Sheet as at 31st March 2026, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date and the Reports of the Board of Directors and Auditors’ thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 77.31% · promoters 100.00% · institutions 66.58% · other public 6.12%
To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year 2025-26 including Balance Sheet as at 31st March 2026, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date and the Report of the Auditors’ thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 77.31% · promoters 100.00% · institutions 66.58% · other public 6.12%
- To declare final dividend of 1.50/- (One Rupees Fifty Paisa Only) per share on equity shares for the financial year ended 31st March 2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 77.31% · promoters 100.00% · institutions 66.58% · other public 6.12%
- To appoint a director in place of Ms. Chitra Narendra Garg (DIN: 01784644), who retires by rotation and being eligible, offers herself for re-appointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 77.31% · promoters 100.00% · institutions 66.58% · other public 6.12%
- Ratification of Remuneration payable to Cost Auditor for Financial Year 2026-27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 77.31% · promoters 100.00% · institutions 66.58% · other public 6.12%
- Approval for revision in remuneration of Mrs. Neelu Garg, a related party holding office or place of profit in the companyOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.23%
Turnout: all 27.33% · promoters 28.36% · institutions 66.58% · other public 6.11%
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, 22 Jul 2025, 5 resolutions
23,003 shareholders on the register on 10 Jul 2025; present: 7 promoters and 57 others; votes counted by Amit K Rajkotiya / NA.The company's voting result (opens in a new tab)
To receive, consider and adopt: a) the audited standalone financial statements of the Company for the financial year 2024-25 including Balance Sheet as at 31st March 2025, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date and the Reports of the Board of Directors and Auditors’ thereon; and b) the audited consolidated financial statements of the Company for the financial year 2024-25 including Balance Sheet as at 31st March 2025, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date and the Report of the Auditors’ thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 78.00% · promoters 100.00% · institutions 88.97% · other public 2.04%
- To declare final dividend of Rs. 1.50/- (One Rupees Fifty Paisa Only) per share on equity shares for the financial year ended 31st March 2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.18%
Turnout: all 78.00% · promoters 100.00% · institutions 88.97% · other public 2.04%
- To appoint a director in place of Mr. Nitin Garg (DIN: 08558736), who retires by rotation and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.07%
Turnout: all 78.00% · promoters 100.00% · institutions 88.97% · other public 2.04%
- Ratification of Remuneration payable to Cost Auditor for Financial Year 2025-26Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.43%
Turnout: all 78.00% · promoters 100.00% · institutions 88.97% · other public 2.04%
- Appointment of Mr. Madhav Kawde, Practising Company Secretary as Secretarial Auditor and fix their remunerationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 78.00% · promoters 100.00% · institutions 88.97% · other public 2.04%
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 Jun 2025, 4 resolutions
22,950 shareholders on the register on 16 May 2025; votes counted by Amit K Rajkotiya / NA.The company's voting result (opens in a new tab)
- Approval of Diffusion Engineers Limited Employee Stock Option Scheme 2025Special99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 1.13%
Turnout: all 80.53% · promoters 99.91% · institutions 99.49% · other public 12.00%
- Consider and approve grant of Options to the employees of the subsidiary Company of the Company under Diffusion Engineers Limited Employee Stock Option Scheme 2025Special99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 1.13%
Turnout: all 80.53% · promoters 99.91% · institutions 99.49% · other public 12.00%
- Approval for secondary acquisition of shares through Trust route for the implementation of Diffusion Engineers Limited Employee Stock Option Scheme 2025Special99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 1.13%
Turnout: all 80.53% · promoters 99.91% · institutions 99.49% · other public 12.00%
- Approval for provision of money by the Company for purchase of its own Shares by the Trust under the Diffusion Engineers Limited Employee Stock Option Scheme 2025Special99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 1.13%
Turnout: all 80.53% · promoters 99.91% · institutions 99.49% · other public 12.00%
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, 3 Apr 2025, 1 resolution
24,191 shareholders on the register on 21 Feb 2025; votes counted by Amit K Rajkotiya / NA.The company's voting result (opens in a new tab)
- RE-APPOINTMENT OF MR. PRASHANT GARG (DIN: 00049106) AS THE CHAIRMAN AND MANAGING DIRECTOR OF THE COMPANYSpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 79.99% · promoters 99.75% · institutions 99.14% · other public 8.75%
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 22 Jul 2025, 1 fund house
To receive, consider and adopt: a) the audited standalone financial statements of the Company for the financial year 2024-25 including Balance Sheet as at 31st March 2025, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date and the Reports of the Board of Directors and Auditors’ thereon; and b) the audited consolidated financial statements of the Company for the financial year 2024-25 including Balance Sheet as at 31st March 2025, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date and the Report of the Auditors’ thereon.MoreLess
1 for0 against- To declare final dividend of Rs. 1.50/- (One Rupees Fifty Paisa Only) per share on equity shares for the financial year ended 31st March 2025.1 for0 against
- To appoint a director in place of Mr. Nitin Garg (DIN: 08558736), who retires by rotation and being eligible, offers himself for re-appointment.1 for0 against
- Ratification of Remuneration payable to Cost Auditor for Financial Year 2025-261 for0 against
- Appointment of Mr. Madhav Kawde, Practising Company Secretary as Secretarial Auditor and fix their remuneration1 for0 against
Mutual fund votes, meeting of 29 Jun 2025, 1 fund house
- Approval of Diffusion Engineers Limited Employee Stock Option Scheme 20251 for0 against
- Consider and approve grant of Options to the employees of the subsidiary Company of the Company under Diffusion Engineers Limited Employee Stock Option Scheme 20251 for0 against
- Approval for secondary acquisition of shares through Trust route for the implementation of Diffusion Engineers Limited Employee Stock Option Scheme 20251 for0 against
- Approval for provision of money by the Company for purchase of its own Shares by the Trust under the Diffusion Engineers Limited Employee Stock Option Scheme 20251 for0 against
1 earlier meeting
Mutual fund votes, meeting of 3 Apr 2025, 1 fund house
- RE-APPOINTMENT OF MR. PRASHANT GARG (DIN: 00049106) AS THE CHAIRMAN AND MANAGING DIRECTOR OF THE COMPANY1 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Tax disputes
Reported in the filing for the quarter to Sep 2026.
- Tax disputeAssistant Commissioner Central GST and Central Excise , Division – Hingna , Nagpur-ISince 24 Mar 2026
The Company has filed an appeal before the Commissioner (Appeals), Central GST, Nagpur, against the Order dated March 24, 2026. The appeal was filed on May 5, 2026, and is currently pending adjudication.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
- 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.
How money raised was used
Reported for the quarter to Jun 2026.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Public IssuesOct 2024, checked by Crisil ratings limited | 157.96 | – | – | No |