Divgi Torqtransfer Systems logo

Divgi Torqtransfer Systems MD, chairman, board of directors and AGM

NSE: DIVGIITTSBSE: 543812Auto ComponentsSmall Cap

Last close ₹900.60down ₹20.80 (2.26%)BSE ₹901.55

Share price at the NSE close on 23 Oct 2026. Previous close ₹921.40.

52-week range of traded prices to 23 Oct 2026
₹573.70Low, 4 Dec 2025₹1,329.80High, 1 Sep 2026
Market cap
₹2,754 Cr1,125th largest listed
P/E
43.6
P/B
4.3
Dividend yield
0.36%
ROE
10.3%
ROCE
9.9%
Debt to equity
0.00
Volume, NSE
67,20643.3% delivered

Divgi Torqtransfer Systems 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

  • ChairpersonPRAVEEN PURUSHOTTAM KADLE
  • Managing directorJITENDRA BHASKAR DIVGI

8 directors4 independent2 executive2 non-executive

  • PRAVEEN PURUSHOTTAM KADLE · ChairpersonIndependent · joined Mar 2022 · reappointed Jun 2022 · 56 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 4 as chair
  • JITENDRA BHASKAR DIVGI · Managing directorExecutive · joined Mar 2022 · reappointed Jun 2022 · 1 listed board
  • HIRENDRA BHASKAR DIVGIExecutive · joined Mar 2022 · reappointed Jun 2022 · 1 listed board · 1 committee seat
  • PRADIP VASANT DUBHASHIIndependent · joined Mar 2022 · reappointed Jun 2022 · 56 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • PUNDALIK DINKAR KUDVAIndependent · joined Mar 2022 · reappointed Jun 2022 · 56 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • GEETA TOLIAIndependent · joined Oct 2021 · reappointed Jun 2022 · 58 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • SANJAY BHALCHANDRA DIVGINon-executive · joined Oct 2002 · reappointed Jun 2022 · 1 listed board
  • BHARAT BHALCHANDRA DIVGINon-executive · joined Oct 1998 · reappointed Jun 2022 · 1 listed board

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

    • 9 Sep 20267 of 8 present4 independent · 28 days in between
    • 11 Aug 20268 of 8 present4 independent · 77 days in between
    • 25 May 20268 of 8 present4 independent

  • Audit Committee

    Chair PRADIP VASANT DUBHASHI

    PRAVEEN PURUSHOTTAM KADLE, GEETA TOLIA, PUNDALIK DINKAR KUDVA

    • 9 Sep 20264 of 4 present4 independent · 28 days in between
    • 11 Aug 20264 of 4 present4 independent · 4 days in between
    • 6 Aug 20264 of 4 present4 independent · 72 days in between
    • 25 May 20264 of 4 present4 independent

  • Nomination and remuneration committee

    Chair PRADIP VASANT DUBHASHI

    PRAVEEN PURUSHOTTAM KADLE, GEETA TOLIA

    • 9 Sep 20263 of 3 present3 independent · 106 days in between
    • 25 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair PRAVEEN PURUSHOTTAM KADLE

    PRADIP VASANT DUBHASHI, GEETA TOLIA, HIRENDRA BHASKAR DIVGI

    • 18 Sep 20264 of 4 present3 independent · 8 days in between

  • Risk Management Committee

    Chair PRADIP VASANT DUBHASHI

    GEETA TOLIA, HIRENDRA BHASKAR DIVGI, PUNDALIK DINKAR KUDVA

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair PUNDALIK DINKAR KUDVA

    JITENDRA BHASKAR DIVGI, HIRENDRA BHASKAR DIVGI, GEETA TOLIA

    • 11 Aug 20264 of 4 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.

  • B.K Khare & Co.Peer-review certificate valid to Mar 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.

Divgi Torqtransfer Systems 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.Divgi Torqtransfer Systems dividend history

Annual general meeting, 18 Sep 2026

21,373 shareholders on the register on 10 Sep 2026; present: 5 promoters and 41 others; votes counted by CS Mrunmayee Sathaye / Kanj & Co. LLP.The company's voting result (opens in a new tab)

  1. 1. Adoption of Accounts - To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 83.62% · promoters 96.15% · institutions 87.75% · other public 17.23%

  2. 2. Declaration of Final Dividend - To consider and declare Final Dividend of Rupees 3.27/- (Rupees Three and Twenty-Seven Paise Only) per equity share of face value Rupees 5 each, of the Company for the financial year ended March 31, 2026.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 83.62% · promoters 96.15% · institutions 87.75% · other public 17.23%

  3. 3. Re-appointment of Director retiring by rotation - To appoint a director in place of Mr. Sanjay Bhalchandra Divgi (DIN:00471465), who retires by rotation in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for reappointment and being eligible, offers himself for re-appointment.MoreLess
    OrdinaryPromoters have an interest in it
    98.20% for1.80% against

    Against: promoters 0.00% · institutions 6.52% · other public 0.00%

    Turnout: all 83.62% · promoters 96.15% · institutions 87.75% · other public 17.23%

  4. 4. Re-appointment of Director retiring by rotation - To appoint a director in place of Mr. Bharat Bhalchandra Divgi (DIN:00471587), who retires by rotation in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for reappointment rotation in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for reappointmentMoreLess
    OrdinaryPromoters have an interest in it
    98.18% for1.82% against

    Against: promoters 0.00% · institutions 6.52% · other public 0.00%

    Turnout: all 82.74% · promoters 94.70% · institutions 87.75% · other public 17.23%

  5. 5. Appointment of Statutory Auditors - To consider and if thought fit, to pass with or without modification(s), the following resolution as an ordinary Resolution for the appointment of M/s. Kirtane & Pandit LLP, Chartered Accountants and FRN 105215W/W100057, as the Statutory Auditors of the Company to hold the office from the conclusion of this ensuing 61st Annual General Meeting until the conclusion of the 66th Annual General Meeting of the Company.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 83.62% · promoters 96.15% · institutions 87.75% · other public 17.23%

  6. 6. To consider payment of special incentive to Mr. Jitendra Divgi, Managing Director
    SpecialPromoters have an interest in it
    98.09% for1.91% against

    Against: promoters 0.00% · institutions 6.52% · other public 0.00%

    Turnout: all 78.84% · promoters 88.25% · institutions 87.75% · other public 17.23%

  7. 7. To consider payment of special incentive to Mr. Hirendra Divgi, Executive Director
    SpecialPromoters have an interest in it
    98.09% for1.91% against

    Against: promoters 0.00% · institutions 6.52% · other public 0.00%

    Turnout: all 78.84% · promoters 88.25% · institutions 87.75% · other public 17.23%

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, 16 Sep 2025, 5 resolutions

20,248 shareholders on the register on 9 Sep 2025; present: 8 promoters and 29 others; votes counted by Rucha Kale / M/s Kanj & Co. LLP.The company's voting result (opens in a new tab)

  1. 1 - To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 89.35% · promoters 100.00% · institutions 89.72% · other public 33.32%

  2. 2 - To consider and declare Final Dividend of Rs. 2.60/- (Rupees Two and Sixty Paise Only) per equity share of face value H5 each, of the Company for the Financial Year ended March 31, 2025.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 89.35% · promoters 100.00% · institutions 89.72% · other public 33.32%

  3. 3 - To appoint a director in place of Mr. Jitendra Bhaskar Divgi (DIN: 00471531), who retires by rotation in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for reappointment and being eligible, offers himself for re-appointment.MoreLess
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 89.35% · promoters 100.00% · institutions 89.72% · other public 33.32%

  4. 4 - To appoint a director in place of Mr. Hirendra Bhaskar Divgi (DIN: 01634431), who retires by rotation in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for reappointment.MoreLess
    OrdinaryPromoters have an interest in it
    98.41% for1.59% against

    Against: promoters 0.00% · institutions 5.69% · other public 0.00%

    Turnout: all 89.35% · promoters 100.00% · institutions 89.72% · other public 33.32%

  5. 5 - To consider and approve the appointment of M/s. KANJ & Co. LLP, a Peer Reviewed Firm of Company Secretaries, as the Secretarial Auditor of the Company for a period of 5 (five) consecutive financial years commencing from FY2025-26 and to fix remuneration thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 89.35% · promoters 100.00% · institutions 89.72% · other public 33.32%

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 Jul 2024, 4 resolutions

Present: 7 promoters and 33 others.The company's voting result (opens in a new tab)

  1. 1- Adoption of Accounts for the financial year ended March 31, 2024 together with Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 87.01% · promoters 100.00% · institutions 81.07% · other public 33.87%

  2. 2- Declaration of Final Dividend of ₹2.60 for the Financial Year ended March, 2024
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 87.01% · promoters 100.00% · institutions 81.07% · other public 33.87%

  3. 3- Re-appointment of Director retiring by rotation- Mr. Sanjay Bhalchandra Divgi (DIN: 00471465)
    Ordinary
    97.21% for2.79% against

    Against: promoters 0.00% · institutions 10.53% · other public 0.00%

    Turnout: all 85.25% · promoters 98.54% · institutions 81.07% · other public 26.31%

  4. 4- Re-appointment of Director retiring by rotation- Mr. Bharat Bhalchandra Divgi (DIN: 00471587)
    Ordinary
    97.02% for2.98% against

    Against: promoters 0.00% · institutions 11.25% · other public 0.00%

    Turnout: all 85.25% · promoters 98.54% · institutions 81.07% · other public 26.31%

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, 31 Jul 2023, 5 resolutions

Present: 6 promoters and 29 others.The company's voting result (opens in a new tab)

  1. Adoption of Accounts for the financial year ended March 31, 2023 together with Reports of the Board ofnDirectors and Auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 89.68% · promoters 100.00% · institutions 84.65% · other public 43.57%

  2. 2- Declaration of Final Dividend of ₹ 3.35 for the Financial Year ended March 31, 2023
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 89.68% · promoters 100.00% · institutions 84.65% · other public 43.57%

  3. 3- Re-appointment of Director retiring by rotation- Mr. Jitendra Bhaskar Divgi (DIN: 00471531)
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 89.68% · promoters 100.00% · institutions 84.65% · other public 43.57%

  4. Re-appointment of Director retiring bynrotation- Mr. Hirendra Bhaskar Divgi (DIN: 01634431)
    Ordinary
    98.25% for1.75% against

    Against: promoters 0.00% · institutions 6.34% · other public 0.00%

    Turnout: all 89.68% · promoters 100.00% · institutions 84.65% · other public 43.57%

  5. Approval to continue the Directorship ofnMr. Pradip Vasant Dubhashi (DIN: 01445030) asnNon-Executive Independent Director beyondnthe age of 75 years in his current tenure
    Special
    94.05% for5.95% against

    Against: promoters 0.00% · institutions 21.61% · other public 0.00%

    Turnout: all 89.68% · promoters 100.00% · institutions 84.65% · other public 43.57%

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 18 Sep 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)

  • 1. Adoption of Accounts - To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with Reports of the Board of Directors and Auditors thereon.MoreLess
    2 for0 against
  • 2. Declaration of Final Dividend - To consider and declare Final Dividend of Rupees 3.27/- (Rupees Three and Twenty-Seven Paise Only) per equity share of face value Rupees 5 each, of the Company for the financial year ended March 31, 2026.MoreLess
    2 for0 against
  • 3. Re-appointment of Director retiring by rotation - To appoint a director in place of Mr. Sanjay Bhalchandra Divgi (DIN:00471465), who retires by rotation in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for reappointment and being eligible, offers himself for re-appointment.MoreLess
    2 for0 against
  • 4. Re-appointment of Director retiring by rotation - To appoint a director in place of Mr. Bharat Bhalchandra Divgi (DIN:00471587), who retires by rotation in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for reappointment rotation in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for reappointmentMoreLess
    2 for0 against
  • 5. Appointment of Statutory Auditors - To consider and if thought fit, to pass with or without modification(s), the following resolution as an ordinary Resolution for the appointment of M/s. Kirtane & Pandit LLP, Chartered Accountants and FRN 105215W/W100057, as the Statutory Auditors of the Company to hold the office from the conclusion of this ensuing 61st Annual General Meeting until the conclusion of the 66th Annual General Meeting of the Company.MoreLess
    2 for0 against
  • 6. To consider payment of special incentive to Mr. Jitendra Divgi, Managing Director
    2 for0 against
  • 7. To consider payment of special incentive to Mr. Hirendra Divgi, Executive Director
    2 for0 against

Mutual fund votes, meeting of 16 Sep 2025, 4 fund houses

  • 1 - To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with Reports of the Board of Directors and Auditors thereon.MoreLess
    4 for0 against
  • 2 - To consider and declare Final Dividend of Rs. 2.60/- (Rupees Two and Sixty Paise Only) per equity share of face value H5 each, of the Company for the Financial Year ended March 31, 2025.
    4 for0 against
  • 3 - To appoint a director in place of Mr. Jitendra Bhaskar Divgi (DIN: 00471531), who retires by rotation in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for reappointment and being eligible, offers himself for re-appointment.MoreLess
    4 for0 against
  • 4 - To appoint a director in place of Mr. Hirendra Bhaskar Divgi (DIN: 01634431), who retires by rotation in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for reappointment.MoreLess
    4 for0 against
  • 5 - To consider and approve the appointment of M/s. KANJ & Co. LLP, a Peer Reviewed Firm of Company Secretaries, as the Secretarial Auditor of the Company for a period of 5 (five) consecutive financial years commencing from FY2025-26 and to fix remuneration thereon.MoreLess
    4 for0 against
2 earlier meetings

Mutual fund votes, meeting of 29 Jul 2024, 4 fund houses

  • 1- Adoption of Accounts for the financial year ended March 31, 2024 together with Reports of the Board of Directors and Auditors thereon.
    4 for0 against
  • 2- Declaration of Final Dividend of ₹2.60 for the Financial Year ended March, 2024
    4 for0 against
  • 3- Re-appointment of Director retiring by rotation- Mr. Sanjay Bhalchandra Divgi (DIN: 00471465)
    4 for0 against
  • 4- Re-appointment of Director retiring by rotation- Mr. Bharat Bhalchandra Divgi (DIN: 00471587)
    4 for0 against

Mutual fund votes, meeting of 31 Jul 2023, 4 fund houses

  • Adoption of Accounts for the financial year ended March 31, 2023 together with Reports of the Board ofnDirectors and Auditors thereon
    4 for0 against
  • 2- Declaration of Final Dividend of ₹ 3.35 for the Financial Year ended March 31, 2023
    4 for0 against
  • 3- Re-appointment of Director retiring by rotation- Mr. Jitendra Bhaskar Divgi (DIN: 00471531)
    4 for0 against
  • Re-appointment of Director retiring bynrotation- Mr. Hirendra Bhaskar Divgi (DIN: 01634431)
    4 for0 against
  • Approval to continue the Directorship ofnMr. Pradip Vasant Dubhashi (DIN: 01445030) asnNon-Executive Independent Director beyondnthe age of 75 years in his current tenure
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundAssociation may adversely impact independence
    3 for1 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

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
Yes
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.