Elin Electronics MD, chairman, board of directors and AGM
NSE: ELINBSE: 543725Consumer DurablesSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹71.94.
- 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.
- ₹346 Cr1,742nd 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.
- Lossover the last 12 months
- 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 25 May 2026
- 0.6
- 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 6 Aug 2026
- −1.5%
- ROE without one-offsReturn on equity without one-off items. Core profit, 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 less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹26 crore of one-off items, the largest of them in the quarter to Jun 2026.
- 3.2%
- 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 6 Aug 2026
- 2.8%
- 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 25 May 2026
- 0.03
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,18,39746.4% delivered
Elin Electronics 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
- ChairpersonMangi lall SethiaRelated to the promoter
- Managing directorKamal Sethia
- Company Secretary and Compliance OfficerLata Rani Pawa
8 directors4 independent4 executive
- Mangi lall Sethia · ChairpersonExecutive · joined Mar 1982 · reappointed Oct 2024 · 1 listed board
- Kamal Sethia · Managing directorExecutive · joined Aug 2007 · reappointed Apr 2026 · 1 listed board · 2 committee seats
- Sanjeev SethiaExecutive · joined Aug 2008 · reappointed Apr 2026 · 1 listed board
- Sumit SethiaExecutive · joined Jun 2020 · reappointed Jun 2025 · 1 listed board
- Shilpa BaidIndependent · joined Aug 2019 · reappointed Aug 2024 · 85 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Shanti lal SarnotIndependent · joined Sep 2021 · reappointed Sep 2026 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Ashis Chandra GuhaIndependent · joined Oct 2021 · reappointed Oct 2021 · 59 months as independent · 1 listed board · 1 as independent
- Priyanka JainIndependent · joined Feb 2025 · reappointed Feb 2025 · 19 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 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.
1 director who left
- Kamal Singh Baid, left 30 Mar 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 6 Aug 20268 of 8 present4 independent · 72 days in between
- 25 May 20267 of 8 present3 independent
Audit Committee
Chair Priyanka Jain
Shilpa Baid, Kamal Sethia, Shanti lal Sarnot
- 6 Aug 20264 of 4 present3 independent · 72 days in between
- 25 May 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Priyanka Jain
Shilpa Baid, Shanti lal Sarnot
- 25 May 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair Priyanka Jain
Shilpa Baid, Kamal Sethia
- 6 Aug 20263 of 3 present2 independent · 180 days in between
- 6 Feb 20262 of 3 present1 independent
Corporate Social Responsibility Committee
Chair Kamal Sethia
Sanjeev Sethia, Priyanka Jain
- 25 May 20263 of 3 present1 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.
- S. R. Batliboi & Co. LLPPeer-review certificate valid to Jul 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.
Elin Electronics 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.Elin Electronics dividend history
Annual general meeting, 28 Sep 2026
52,708 shareholders on the register on 21 Sep 2026; present: 13 promoters and 32 others; votes counted by PRAMOD PRASAD AGARWAL / P.P.AGARWAL & CO..The company's voting result (opens in a new tab)
To receive, consider and adopt the – a. Audited Standalone Financial Statements of the Company for the financial year ended on 31st March, 2026 together with the Reports of the Board of Directors and Auditors thereon; and b. Audited Consolidated Financial Statements of the Company for the financial year ended on 31st March, 2026 together with the Report of Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 55.78% · promoters 93.65% · institutions 63.87% · other public 36.28%
To appoint a Director in place of Mr. Mangi Lall Sethia (DIN:0081367) who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 41.38% · promoters 49.98% · institutions 63.87% · other public 36.28%
- To appoint a Director in place of Mr. Kamal Sethia (DIN: 00081116) who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 41.38% · promoters 49.98% · institutions 63.87% · other public 36.28%
To approve the Re-appointment of Dr. Shanti Lal Sarnot (DIN: 01899198) as an Independent Director for a second term of five consecutive years commencing from September 30th, 2026 to September 29th, 2031.MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 55.78% · promoters 93.65% · institutions 63.87% · other public 36.28%
- To approve the Re-appointment of Mr. Ashis Chandra Guha (DIN: 09352987) as an Independent Director for a second term of five consecutive years commencing from October 8th, 2026 to October 7th, 2031.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 55.78% · promoters 93.65% · institutions 63.87% · other public 36.28%
- To Ratify remuneration of Cost Auditors.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 55.78% · promoters 93.65% · institutions 63.87% · other public 36.28%
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, 30 Aug 2025, 8 resolutions
57,412 shareholders on the register on 23 Aug 2025; present: 15 promoters and 49 others; votes counted by Pramod Prasad Agarwal / M/s. P.P. Agarwal & Co., Company Secretaries.The company's voting result (opens in a new tab)
To receive, consider and adopt the – a. Audited Standalone Financial Statements of the Company for the financial year ended on 31st March, 2025 together with the Reports of the Board of Directors and Auditors thereon; and b. Audited Consolidated Financial Statements of the Company for the financial year ended on 31st March, 2025 together with the report of Auditors thereon;MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 58.77% · promoters 94.17% · institutions 77.80% · other public 37.55%
To appoint a Director in place of Mr. Sanjeev Sethia (DIN: 00354700), who retires by rotation in terms of Section 152 (6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
OrdinaryPromoters have an interest in it99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 54.48% · promoters 81.14% · institutions 77.80% · other public 37.55%
To appoint a Director in place of Mr. Sumit Sethia (DIN: 00831799), who retires by rotation in terms of Section 152 (6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
OrdinaryPromoters have an interest in it97.85% for2.15% againstAgainst: promoters 0.00% · institutions 24.58% · other public 0.02%
Turnout: all 56.60% · promoters 87.57% · institutions 77.80% · other public 37.55%
- To Appoint Secretarial Auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 58.77% · promoters 94.17% · institutions 77.80% · other public 37.55%
- To approve re-appointment and remuneration of Mr. Sumit Sethia (DIN:00831799), Whole-time Director of Company liable to retire by rotation.SpecialPromoters have an interest in it97.85% for2.15% against
Against: promoters 0.00% · institutions 24.58% · other public 0.03%
Turnout: all 56.60% · promoters 87.57% · institutions 77.80% · other public 37.55%
- To approve re-appointment and remuneration of Mr. Kamal Sethia (DIN: 00081116), Managing Director of Company liable to retire by rotation.SpecialPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 37.90% · promoters 30.86% · institutions 77.80% · other public 37.55%
- To Approve the re-appointment and remuneration of Mr.Sanjeev Sethia (DIN:00354700), Whole-time Director of the Company liable to retire by rotationSpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 54.48% · promoters 81.14% · institutions 77.80% · other public 37.55%
- To Rectify Remuneration of Cost AuditorsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 58.77% · promoters 94.17% · institutions 77.80% · other public 37.55%
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, 4 May 2025, 1 resolution
60,208 shareholders on the register on 28 Mar 2025; votes counted by PRAMOD PRASAD AGARWAL / P.P. Agarwal & Co..The company's voting result (opens in a new tab)
- To approve the appointment of Ms. Priyanka Jain (DIN: 00618931) as an Independent Director for a first term of 5 (five) consecutive years commencing from February 08, 2025 to February 07, 2030.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 59.38% · promoters 91.57% · institutions 95.39% · other public 33.16%
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, 30 Sep 2024, 5 resolutions
Present: 21 promoters and 47 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the – a) Audited Standalone Financial Statements ofthe Company for the financial year ended on 31st March, 2024 together with theReports of the Board of Directors and Auditors thereon; and b) Audited ConsolidatedFinancial Statements of the Company for the financial year ended on 31st March,2024 together with the Report of Auditors thereon;MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.09% · promoters 89.08% · institutions 92.59% · other public 41.14%
To appoint a Director in place of Mr. Mangilall Sethia (DIN: 00081367), who retires by rotation in terms of Section 152 (6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
OrdinaryPromoters have an interest in it99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 49.88% · promoters 46.55% · institutions 92.59% · other public 41.14%
To appoint a Director in place of Mr. Kamal Sethia (DIN: 00081116), who retires by rotation in terms of Section 152 (6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
OrdinaryPromoters have an interest in it99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 49.88% · promoters 46.55% · institutions 92.59% · other public 41.14%
- To approve Elin Electronics Employee Stock Option Plan 2024.nnSpecial97.15% for2.85% against
Against: promoters 0.00% · institutions 14.63% · other public 0.02%
Turnout: all 64.09% · promoters 89.08% · institutions 92.59% · other public 41.14%
- To Ratify remuneration of Cost Auditors.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 64.09% · promoters 89.08% · institutions 92.59% · other public 41.14%
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, 11 Aug 2024, 5 resolutions
The company's voting result (opens in a new tab)
- To approve the Re-appointment of Ms. Shilpa Baidn(DIN: 08538622) as an Independent Director for a second termnof 5 consecutive years commencing from 16th August, 2024 ton15th August, 2029.Special95.37% for4.63% against
Against: promoters 0.00% · institutions 0.00% · other public 11.21%
Turnout: all 61.76% · promoters 75.45% · institutions 78.96% · other public 48.48%
To approve the Re-appointment and fixation ofnremuneration of Mr. Mangilall Sethia (DIN: 00081367), Chairmannand Whole-time Director of the Company, liable to retire bynrotation, for a period of three years w.e.f. 1st October, 2024 ton30th September, 2027.MoreLess
SpecialPromoters have an interest in it99.97% for0.03% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 52.26% · promoters 47.02% · institutions 78.96% · other public 48.48%
To approve remuneration of Mr. Kamal Sethia (DIN:n00081116), Managing Director of the Company, liable to retirenby rotation, for the remaining period of his present tenure w.e.f.n1st April, 2024 to 31st March, 2026.MoreLess
SpecialPromoters have an interest in it94.21% for5.79% againstAgainst: promoters 0.00% · institutions 0.00% · other public 12.24%
Turnout: all 50.80% · promoters 47.02% · institutions 78.96% · other public 45.71%
To approve remuneration of Mr. Sanjeev Sethia (DIN:n00354700), Whole-time Director of the Company, liable to retirenby rotation, for the remaining period of his present tenure w.e.f.n1st April, 2024 to 31st March, 2026.MoreLess
SpecialPromoters have an interest in it94.76% for5.24% againstAgainst: promoters 0.00% · institutions 0.00% · other public 12.24%
Turnout: all 56.21% · promoters 63.20% · institutions 78.96% · other public 45.71%
To approve remuneration of Mr. Sumit Sethia (DIN:n00831799), Whole-time Director of the Company, liable to retirenby rotation, for the remaining period of his present tenure w.e.f.n1st April, 2024 to 2nd June, 2025.MoreLess
SpecialPromoters have an interest in it94.95% for5.05% againstAgainst: promoters 0.00% · institutions 0.00% · other public 12.24%
Turnout: all 58.28% · promoters 69.41% · institutions 78.96% · other public 45.71%
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, 30 Sep 2023, 9 resolutions
Present: 19 promoters and 47 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the – na) Audited Standalone Financial Statements of the Company for the financial year ended on 31st March, 2023 together with the Reports of the Board of Directors and Auditors thereon; andnnb) Audited Consolidated Financial Statements of the Company for the financial year ended on 31st March, 2023 together with the Report of Auditors thereon;nMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 66.71% · promoters 89.28% · institutions 89.95% · other public 45.96%
- To declare a Final Dividend of Rs. 1 per Equity Share of the face value of Rs. 5 each, for the Financial Year ended 31st March, 2023.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 66.71% · promoters 89.28% · institutions 89.95% · other public 45.96%
To appoint a Director in place of Shri Sanjeev Sethia (DIN: 00354700), who retires by rotation in terms of Section 152 (6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 66.71% · promoters 89.28% · institutions 89.95% · other public 45.96%
To appoint a Director in place of Shri Sumit Sethia (DIN: 00831799), who retires by rotation in terms of Section 152 (6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
Ordinary93.42% for6.58% againstAgainst: promoters 0.00% · institutions 33.19% · other public 0.02%
Turnout: all 66.71% · promoters 89.28% · institutions 89.95% · other public 45.96%
- Appointment of Statutory Auditors to fill casual vacancy.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 66.71% · promoters 89.28% · institutions 89.95% · other public 45.96%
- Appointment of Statutory Auditors and fixation of remuneration.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 66.71% · promoters 89.28% · institutions 89.95% · other public 45.96%
- To Continue the appointment of Dr. Shanti Lal Sarnot (DIN: 01899198) as an Independent Director of the Company.Special96.08% for3.92% against
Against: promoters 0.00% · institutions 19.73% · other public 0.02%
Turnout: all 66.71% · promoters 89.28% · institutions 89.95% · other public 45.96%
- To Ratify remuneration of Cost Auditors.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 66.71% · promoters 89.28% · institutions 89.95% · other public 45.96%
- To shift Registered Office of the Company from the State of West Bengal to National Capital Territory (NCT) of Delhi.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 66.71% · promoters 89.28% · institutions 89.95% · other public 45.96%
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 28 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)
To receive, consider and adopt the – a. Audited Standalone Financial Statements of the Company for the financial year ended on 31st March, 2026 together with the Reports of the Board of Directors and Auditors thereon; and b. Audited Consolidated Financial Statements of the Company for the financial year ended on 31st March, 2026 together with the Report of Auditors thereonMoreLess
1 for0 againstTo appoint a Director in place of Mr. Mangi Lall Sethia (DIN:0081367) who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
1 for0 against- To appoint a Director in place of Mr. Kamal Sethia (DIN: 00081116) who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment1 for0 against
To approve the Re-appointment of Dr. Shanti Lal Sarnot (DIN: 01899198) as an Independent Director for a second term of five consecutive years commencing from September 30th, 2026 to September 29th, 2031.MoreLess
1 for0 against- To approve the Re-appointment of Mr. Ashis Chandra Guha (DIN: 09352987) as an Independent Director for a second term of five consecutive years commencing from October 8th, 2026 to October 7th, 2031.1 for0 against
- To Ratify remuneration of Cost Auditors.1 for0 against
Mutual fund votes, meeting of 30 Aug 2025, 1 fund house
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To receive, consider and adopt the – a. Audited Standalone Financial Statements of the Company for the financial year ended on 31st March, 2025 together with the Reports of the Board of Directors and Auditors thereon; and b. Audited Consolidated Financial Statements of the Company for the financial year ended on 31st March, 2025 together with the report of Auditors thereon;MoreLess
1 for0 against- To Appoint Secretarial Auditors of the Company1 for0 against
- To approve re-appointment and remuneration of Mr. Sumit Sethia (DIN:00831799), Whole-time Director of Company liable to retire by rotation.1 for0 against
- To approve re-appointment and remuneration of Mr. Kamal Sethia (DIN: 00081116), Managing Director of Company liable to retire by rotation.1 for0 against
- To Approve the re-appointment and remuneration of Mr.Sanjeev Sethia (DIN:00354700), Whole-time Director of the Company liable to retire by rotation1 for0 against
3 proposals not matched to one resolution
- 2) Reappoint Sanjeev Sethia (DIN: 00354700) as Director, liable to retire by rotation.1 for0 against
- 3) Reappoint Sumit Sethia (DIN: 00831799) as Director, liable to retire by rotation.1 for0 against
- 8) Ratify remuneration of Rs. 75,000 to Bhavna Jaiswal & Associates, as cost auditor for FY26.1 for0 against
4 earlier meetings
Mutual fund votes, meeting of 4 May 2025, 2 fund houses
- To approve the appointment of Ms. Priyanka Jain (DIN: 00618931) as an Independent Director for a first term of 5 (five) consecutive years commencing from February 08, 2025 to February 07, 2030.2 for0 against
Mutual fund votes, meeting of 30 Sep 2024, 2 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To receive, consider and adopt the – a) Audited Standalone Financial Statements ofthe Company for the financial year ended on 31st March, 2024 together with theReports of the Board of Directors and Auditors thereon; and b) Audited ConsolidatedFinancial Statements of the Company for the financial year ended on 31st March,2024 together with the Report of Auditors thereon;MoreLess
2 for0 againstTo appoint a Director in place of Mr. Mangilall Sethia (DIN: 00081367), who retires by rotation in terms of Section 152 (6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
2 for0 againstTo appoint a Director in place of Mr. Kamal Sethia (DIN: 00081116), who retires by rotation in terms of Section 152 (6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
2 for0 against- To approve Elin Electronics Employee Stock Option Plan 2024.nn
Against Kotak Mahindra Mutual Fund
- Kotak Mahindra Mutual FundThe Company has not disclosed the exercise price or the exercise formula of proposed ESOP in the Explanatory Statement. This goes against the SEBI SBEB Regulations 2021. Moreover, the exercise price would be at ~20% discount to the market price. Hence voting against.
1 for1 against - To Ratify remuneration of Cost Auditors.1 for0 against
1 proposal not matched to one resolution
Ratification of remuneration of Rs. 75000/- plus out- of- pocket expenses and Goods and service tax as applicable incurred in connection with the aforesaid audit payable to M/s Bhavna Jaiswal and Associates, Cost Accountants (Firm Registration number 100608), appointed by the Board of Directors as Cost Auditors to conduct the audit of the cost records of the Company for the financial year ending 31st March, 2025.MoreLess
1 for0 against
Mutual fund votes, meeting of 11 Aug 2024, 2 fund houses
- To approve the Re-appointment of Ms. Shilpa Baidn(DIN: 08538622) as an Independent Director for a second termnof 5 consecutive years commencing from 16th August, 2024 ton15th August, 2029.2 for0 against
To approve the Re-appointment and fixation ofnremuneration of Mr. Mangilall Sethia (DIN: 00081367), Chairmannand Whole-time Director of the Company, liable to retire bynrotation, for a period of three years w.e.f. 1st October, 2024 ton30th September, 2027.MoreLess
2 for0 againstTo approve remuneration of Mr. Kamal Sethia (DIN:n00081116), Managing Director of the Company, liable to retirenby rotation, for the remaining period of his present tenure w.e.f.n1st April, 2024 to 31st March, 2026.MoreLess
2 for0 againstTo approve remuneration of Mr. Sanjeev Sethia (DIN:n00354700), Whole-time Director of the Company, liable to retirenby rotation, for the remaining period of his present tenure w.e.f.n1st April, 2024 to 31st March, 2026.MoreLess
2 for0 againstTo approve remuneration of Mr. Sumit Sethia (DIN:n00831799), Whole-time Director of the Company, liable to retirenby rotation, for the remaining period of his present tenure w.e.f.n1st April, 2024 to 2nd June, 2025.MoreLess
2 for0 against
Mutual fund votes, meeting of 30 Sep 2023, 3 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To receive, consider and adopt the – na) Audited Standalone Financial Statements of the Company for the financial year ended on 31st March, 2023 together with the Reports of the Board of Directors and Auditors thereon; andnnb) Audited Consolidated Financial Statements of the Company for the financial year ended on 31st March, 2023 together with the Report of Auditors thereon;nMoreLess
3 for0 against- To declare a Final Dividend of Rs. 1 per Equity Share of the face value of Rs. 5 each, for the Financial Year ended 31st March, 2023.3 for0 against
To appoint a Director in place of Shri Sanjeev Sethia (DIN: 00354700), who retires by rotation in terms of Section 152 (6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
3 for0 againstTo appoint a Director in place of Shri Sumit Sethia (DIN: 00831799), who retires by rotation in terms of Section 152 (6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
Against Kotak Mahindra Mutual Fund
- Kotak Mahindra Mutual FundSumit Sethia, 50 is currently Executive Director at Elin Electronics Ltd. He has over two decades of industry expertise. He has been associated with the company for over two decades. However attended only 6 out of 10 (60%) Board meeting held during the FY 2022-23. Further, he did not attend AGM of the company in the past 2 years. The company has not provided adequate clarification for his absence. Since the company has not disclosed the reason for low board attendance voting against .
2 for1 against- Appointment of Statutory Auditors to fill casual vacancy.3 for0 against
- Appointment of Statutory Auditors and fixation of remuneration.2 for0 against
- To Continue the appointment of Dr. Shanti Lal Sarnot (DIN: 01899198) as an Independent Director of the Company.
Against Kotak Mahindra Mutual Fund
- Kotak Mahindra Mutual FundDr. Shanti Lal Sarnot, 74 he has over four decades of experience in administration. He was Senior Director In charge (Electronic Components and Materials). He has also been on the Board of Haryana State Electronics Development Corporation (HARTRON) for about 7 years. He has over 35 years experience working with central government on policy, fiscal, financial and administrative matters. He has been associated with the company for 2 years but only attended 7/10 board meetings. The company has not provided adequate clarification for his absence. Since the company has not disclosed the reason for low board attendance voting against .
2 for1 against - To Ratify remuneration of Cost Auditors.2 for0 against
- To shift Registered Office of the Company from the State of West Bengal to National Capital Territory (NCT) of Delhi.3 for0 against
2 proposals not matched to one resolution
Appointment of M/s. S.R. Batliboi & Co. LLP, Chartered Accountants, (Firm Registration No. 301003E/E300005) as Statutory Auditors of the Company to hold office for a period of four years, from the conclusion of the ensuing 41st Annual General Meeting till the conclusion of the 45th Annual General Meeting of the Company to be held in the year 2027, at such remuneration plus applicable taxes and out of pocket expenses.MoreLess
1 for0 againstRatification of remuneration of Rs.75000/- plus out-of-pocket expenses & Goods & service tax payable to M/s Bhavna Jaiswal & Associates, Cost Accountants (Firm Registration number 100608), appointed by the Board of Directors as Cost Auditors to conduct the audit of the cost records of the Company for the financial year ending 31st March, 2024.MoreLess
1 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Stakes in unlisted companies
Reported in the filing for the quarter to Sep 2026.
- Unlisted stake boughtSUNSURE SOLARPARK FIVE PRIVATE LIMITEDSince 2 Sep 2026
5.11% bought in the quarter; holding 5.11%, from 0.00%
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
- 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.
How money raised was used
Reported for the quarter to Jun 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Public IssuesDec 2022, checked by Axis Bank Limited | 475.00 | Repayment/ prepayment, in full or part, of certain borrowings availed of by our Company | 88.00 | 88.00 | No |
| Public IssuesDec 2022, checked by Axis Bank Limited | 475.00 | Funding capital expenditure towards upgrading and expanding our existing facilities at (i)Ghaziabad, Uttar Pradesh, and (ii) Verna, Goa | 37.59 | 37.59 | No |
| Public IssuesDec 2022, checked by Axis Bank Limited | 475.00 | General corporate purposes | 39.56 | 39.56 | No |