Electronics Mart India logo

Electronics Mart India CEO, MD, chairman, board of directors and AGM

NSE: EMILBSE: 543626RetailingSmall Cap

Last close ₹153.60down ₹6.02 (3.77%)BSE ₹153.55

Share price at the NSE close on 23 Oct 2026. Previous close ₹159.62.

52-week range of traded prices to 23 Oct 2026
₹84.90Low, 27 Jan 2026₹212.64High, 7 Oct 2026
Market cap
₹5,910 Cr853rd largest listed
P/E
28.7
P/B
3.6
Dividend yield
Nonein the last 12 months
ROE
13.1%
ROCE
16.2%
Debt to equity
0.55
Volume, NSE
16,43,33136.2% delivered

Electronics Mart India 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 directorPavan Kumar BajajRelated to the promoter
  • Chief executiveKaran Bajaj
  • Company Secretary and Compliance OfficerRajiv Kumar

6 directors3 independent3 executive

  • Pavan Kumar Bajaj · Chairperson and managing directorExecutive · joined Oct 2018 · reappointed Oct 2018 · 96 months as independent · 1 listed board · 1 committee seat
  • Karan Bajaj · Chief executiveExecutive · joined Oct 2018 · reappointed Oct 2018 · 96 months as independent · 1 listed board · 1 committee seat
  • Astha BajajExecutive · joined Oct 2018 · reappointed Oct 2018 · 96 months as independent · 1 listed board · 1 committee seat
  • Jyotsna AngaraIndependent · joined May 2022 · reappointed May 2022 · 53 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Mirza GhulamMuhammad BaigIndependent · joined Dec 2018 · reappointed Oct 2023 · 94 months as independent · 1 listed board · 1 as independent
  • Gurdeep SinghIndependent · joined Jul 2023 · reappointed Jul 2023 · 38 months as independent · 2 listed boards · 1 as independent · 1 committee seat, 1 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.

Committees and meetings

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

  • Board

    • 29 Aug 20266 of 6 present3 independent · 21 days in between
    • 7 Aug 20266 of 6 present3 independent · 76 days in between
    • 22 May 20266 of 6 present3 independent

  • Audit Committee

    Chair Gurdeep Singh

    Pavan Kumar Bajaj, Jyotsna Angara

    • 7 Aug 20263 of 3 present2 independent · 76 days in between
    • 22 May 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Mirza GhulamMuhammad Baig

    Gurdeep Singh, Jyotsna Angara

    • 8 Aug 20263 of 3 present3 independent · no day in between

  • Stakeholders Relationship Committee

    Chair Jyotsna Angara

    Karan Bajaj, Astha Bajaj

    • 8 Aug 20263 of 3 present1 independent

  • Risk Management Committee

    Chair Mirza GhulamMuhammad Baig

    Karan Bajaj, Premchand Devarakonda

    • 26 Aug 20263 of 3 present1 independent · 69 days in between
    • 17 Jun 20263 of 3 present1 independent · 55 days in between
    • 22 Apr 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair Astha Bajaj

    Gurdeep Singh, Karan Bajaj

    • 8 Aug 20263 of 3 present1 independent · 77 days in between
    • 22 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.

  • Walker Chandiok & Co LLPPeer-review certificate valid to May 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.

Electronics Mart 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.Electronics Mart India share news and announcements

Annual general meeting, 25 Sep 2026

1,03,279 shareholders on the register on 18 Sep 2026; present: 3 promoters and 41 others; votes counted by Vinod Sakaram / VSSK and Associates.The company's voting result (opens in a new tab)

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

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 83.50% · promoters 99.22% · institutions 97.72% · other public 17.50%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March 2026, together with the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 83.50% · promoters 99.22% · institutions 97.72% · other public 17.50%

  3. Appointment of a Director in place of Mr. Karan Bajaj (DIN: 07899639), who retires by rotation and, being eligible, offers himself for reappointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 83.51% · promoters 99.22% · institutions 97.72% · other public 17.53%

  4. Approval for Increase in the Borrowing Limits under Section 180(1)(c) of the Companies Act, 2013
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.45%

    Turnout: all 83.51% · promoters 99.22% · institutions 97.72% · other public 17.53%

  5. Approval for Creation of Charges on the Assets of the Company under Section 180(1)(a) of the Companies Act, 2013
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.45%

    Turnout: all 83.51% · promoters 99.22% · institutions 97.72% · other public 17.53%

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 2025, 3 resolutions

1,20,930 shareholders on the register on 18 Sep 2025; present: 3 promoters and 41 others; votes counted by Vinod Sakaram / VSSK and Associates.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements a. To receive, consider and adopt the 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. b. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended on 31st March 2025, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 88.38% · promoters 99.22% · institutions 99.26% · other public 35.44%

  2. Appointment of a Director in place of Mrs. Astha Bajaj (DIN: 07899784), who retires by rotation and, being eligible, offers herself for appointment.
    Ordinary
    94.09% for5.91% against

    Against: promoters 0.00% · institutions 29.51% · other public 0.04%

    Turnout: all 88.38% · promoters 99.22% · institutions 99.26% · other public 35.44%

  3. Appointment of M/s VSSK & Associates as the Secretarial Auditors of the Company for the first term of five years from the financial year 2025-26 till the financial year 2029-30
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 88.38% · promoters 99.22% · institutions 99.26% · other public 35.44%

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 2024, 3 resolutions

Present: 4 promoters and 47 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements: na. To receive, consider, and adopt the Audited Standalone Financial Statements of the Company for the financial year ended on 31st March 2024 together with the Board’s Report and Auditors’ Report thereon. nb. To receive, consider, and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended on 31st March 2024, together with the Auditors’ Report thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 88.90% · promoters 98.45% · institutions 98.96% · other public 37.45%

  2. Appointment of Mr. Karan Bajaj (DIN: 07899639) as a Director, who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 88.90% · promoters 98.45% · institutions 98.96% · other public 37.45%

  3. Re-appointment of Walker Chandiok & Co. LLP as Statutory Auditor of the Company
    Ordinary
    97.00% for3.00% against

    Against: promoters 0.00% · institutions 14.18% · other public 0.01%

    Turnout: all 88.90% · promoters 98.45% · institutions 98.96% · other public 37.45%

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, 23 Aug 2023, 8 resolutions

Present: 7 promoters and 90 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 90.47% · promoters 99.99% · institutions 96.69% · other public 21.46%

  2. Appointment of Mrs. Astha Bajaj as a director who retires by rotation, being eligible offers herself for appoitment
    OrdinaryPromoters have an interest in it
    88.29% for11.71% against

    Against: promoters 0.00% · institutions 14.64% · other public 0.01%

    Turnout: all 6.48% · promoters 0.00% · institutions 9.67% · other public 21.46%

  3. Approval for the re-appointment of and remuneration payable to Mr Pavan Kumar Bajaj (DIN: 07899635) as Managing Director of the Company for a period of 05 (five) w.e.f. 01st October 2023
    SpecialPromoters have an interest in it
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.12% · other public 0.01%

    Turnout: all 12.51% · promoters 0.00% · institutions 96.69% · other public 21.46%

  4. Approval for the re-appointment and remuneration payable to Mr. Karan Bajaj as a Whole-time Director of the Company for a period of 05 years designated as Chief Executive Officer .
    OrdinaryPromoters have an interest in it
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.12% · other public 0.01%

    Turnout: all 12.51% · promoters 0.00% · institutions 96.69% · other public 21.46%

  5. Approval for the re-appointment and remuneration payable to Mrs. Astha Bajaj as a whole-time Director for a period of 05 years desiganted as an Executive Director .
    OrdinaryPromoters have an interest in it
    88.29% for11.71% against

    Against: promoters 0.00% · institutions 14.64% · other public 0.01%

    Turnout: all 12.51% · promoters 0.00% · institutions 96.69% · other public 21.46%

  6. Approval for the re-appointment of Mirza Ghulam Muhammad Baig as an Independent Director for a second term of five years
    Special
    100.00% for0.00% against

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

    Turnout: all 90.47% · promoters 99.99% · institutions 96.69% · other public 21.46%

  7. Approval for the appointment of Col. Gurdeep Singh (Retd.) as an Independent Director for a period of five years
    Special
    100.00% for0.00% against

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

    Turnout: all 90.47% · promoters 99.99% · institutions 96.69% · other public 21.46%

  8. Maintenance of register of members, other statutory registers and annual return at a place other than registered office of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 90.47% · promoters 99.99% · institutions 96.69% · other public 21.46%

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, 27 Apr 2023, 3 resolutions

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

  1. Variation in the objects of the Initial Public Offer (IPO)
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 88.97% · promoters 99.99% · institutions 96.55% · other public 15.97%

  2. Approval for increasing in the borrowing limit under section 180(1)(c)
    Special
    97.58% for2.42% against

    Against: promoters 0.00% · institutions 10.69% · other public 58.68%

    Turnout: all 88.97% · promoters 99.99% · institutions 96.55% · other public 15.97%

  3. Approval for creation of charge on the assets of the Company
    Special
    98.66% for1.34% against

    Against: promoters 0.00% · institutions 0.00% · other public 58.69%

    Turnout: all 88.97% · promoters 99.99% · institutions 96.55% · other public 15.97%

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.Funds that hold it

Mutual fund votes, meeting of 25 Sep 2026, 6 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31st March 2026, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    6 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March 2026, together with the Report of the Auditors thereon.
    6 for0 against
  • Appointment of a Director in place of Mr. Karan Bajaj (DIN: 07899639), who retires by rotation and, being eligible, offers himself for reappointment.
    6 for0 against
  • Approval for Increase in the Borrowing Limits under Section 180(1)(c) of the Companies Act, 2013
    6 for0 against
  • Approval for Creation of Charges on the Assets of the Company under Section 180(1)(a) of the Companies Act, 2013
    6 for0 against

Mutual fund votes, meeting of 25 Sep 2025, 12 fund houses

  • Adoption of Audited Financial Statements a. To receive, consider and adopt the 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. b. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended on 31st March 2025, together with the Report of the Auditors thereon.MoreLess
    12 for0 against
  • Appointment of a Director in place of Mrs. Astha Bajaj (DIN: 07899784), who retires by rotation and, being eligible, offers herself for appointment.
    Against Axis Mutual Fund, Mirae Asset Mutual Fund, Nippon India Mutual Fund
    • Axis Mutual FundMs. Astha Bajaj, 35, is Whole time Director and part of the promoter family. She has been on the board since 10 September 2018. She has over eight years of experience in business management and is involved in the corporate social responsibility (CSR) activities of the company. She was paid Rs. 15.0 mn as remuneration in FY25, which was high at 40% of the total CSR spend in FY25. Ms. Astha Bajaj holds a bachelor’s degree in science from Gujarat University and a Master’s in Biochemistry from Nirma University. She attended all five (100%) board meetings in FY25. She retires by rotation. While her reappointment is in line with statutory requirements, we note that her aggregate post-qualification work experience is less than ten years and thus, her reappointment does not align with our voting guidelines. We do not support the resolution.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Nippon India Mutual FundProfile of the candidate
    9 for3 against
  • Appointment of M/s VSSK & Associates as the Secretarial Auditors of the Company for the first term of five years from the financial year 2025-26 till the financial year 2029-30
    12 for0 against
3 earlier meetings

Mutual fund votes, meeting of 30 Aug 2024, 13 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Adoption of Audited Financial Statements: na. To receive, consider, and adopt the Audited Standalone Financial Statements of the Company for the financial year ended on 31st March 2024 together with the Board’s Report and Auditors’ Report thereon. nb. To receive, consider, and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended on 31st March 2024, together with the Auditors’ Report thereonMoreLess
    12 for0 against
  • Appointment of Mr. Karan Bajaj (DIN: 07899639) as a Director, who retires by rotation and being eligible, offers himself for re-appointment
    13 for0 against
  • Re-appointment of Walker Chandiok & Co. LLP as Statutory Auditor of the Company
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual FundNo concerns on merit & eligibility of proposed Auditors. Non-Compliant with Section 139 of Companies Act: Proposed re-appointment for period of 4 years.
    10 for3 against
1 proposal not matched to one resolution
  • Accept Financial Statements and Statutory Reports
    1 for0 against

Mutual fund votes, meeting of 23 Aug 2023, 7 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Adoption of Audited Financial Statements
    7 for0 against
  • Appointment of Mrs. Astha Bajaj as a director who retires by rotation, being eligible offers herself for appoitment
    Against Sundaram Mutual Fund
    • Sundaram Mutual FundMs. Astha Bajaj, 33, is part of the promoter family and is a Whole-time Director on the board Electronics Mart India Limited. She has over five years of experience in business management. She has experience in managing corporate social responsibility (CSR) projects and formulating corporate policies. She holds a bachelor’s degree in science from Gujarat University and a Master’s in Biochemistry from Nirma University. She has attended six out of seven (86%) of the board meetings in FY23. While her reappointment is in line with statutory requirements, we note that her aggregate post-qualification work experience is less than ten years (as disclosed in the red herring prospectus) and thus, her reappointment does not align with our voting guidelines.
    5 for1 against
  • Approval for the re-appointment of and remuneration payable to Mr Pavan Kumar Bajaj (DIN: 07899635) as Managing Director of the Company for a period of 05 (five) w.e.f. 01st October 2023
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundHolding CMD Position, no absolute cap on variable pay, gender bias in remuneration proposed
    6 for1 against
  • Approval for the re-appointment and remuneration payable to Mr. Karan Bajaj as a Whole-time Director of the Company for a period of 05 years designated as Chief Executive Officer .
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo absolute cap on variable pay, gender bias in remuneration proposed
    6 for1 against
  • Approval for the re-appointment and remuneration payable to Mrs. Astha Bajaj as a whole-time Director for a period of 05 years desiganted as an Executive Director .
    Against Sundaram Mutual Fund
    • Sundaram Mutual FundAstha Bajaj, 33, is part of the promoter family and is a Whole-time Director on the board of Electronics Mart India Limited. She has over five years of experience in business management. She has experience in managing corporate social responsibility (CSR) projects and formulating corporate policies. She was appointed as a Whole-time director in October 2018 and her previous term as WTD ends on 30 September 2023. The company proposes to reappoint her as a Whole-time Director for five years from 1 October 2023 to 30 September 2028.In FY23, she received a remuneration of Rs. 15 mn which was 97.0x of the median employee remuneration. We estimate her remuneration for FY24 at Rs. 15.1 mn. With less than ten years of post-qualification work experience, we believe, her experience is not enough to be a Whole-time Director on the board of a listed company. Though her remuneration is in line with peers, due to her limited work experience we do not support her reappointment.Her remuneration structure includes reimbursement of medical expenses for self and family, which is uncapped. The company must cap such expenses in absolute amounts.
    5 for1 against
  • Approval for the re-appointment of Mirza Ghulam Muhammad Baig as an Independent Director for a second term of five years
    7 for0 against
  • Approval for the appointment of Col. Gurdeep Singh (Retd.) as an Independent Director for a period of five years
    7 for0 against
  • Maintenance of register of members, other statutory registers and annual return at a place other than registered office of the Company
    7 for0 against
2 proposals not matched to one resolution
  • Reappoint Ms. Astha Bajaj (DIN: 07899784) as Director, liable to retire by rotation
    1 for0 against
  • Reappoint Ms. Astha Bajaj (DIN: 07899784) as Whole-time Director for five years from 1 October 2023 and fix his remuneration
    1 for0 against

Mutual fund votes, meeting of 27 Apr 2023, 6 fund houses

  • Variation in the objects of the Initial Public Offer (IPO)
    6 for0 against
  • Approval for increasing in the borrowing limit under section 180(1)(c)
    Against Sundaram Mutual Fund
    • Sundaram Mutual FundConsidering the existing and future financial requirements to support business operations, EMIL sees the need to raise additional funds and proposes to increase its borrowing limits from 12.0 bn to 20.0 bn. The company’s debt is rated IND A-/Stable/IND A2+ by India Ratings. On a standalone basis, EMIL has a networth of Rs 6.6 bn, overall borrowings of Rs 14.6 bn as on 30 September 2022 and an EBIDTA of Rs 0.3 bn for the TTM ended December 2022. Any further increase in debt may stretch its credit metrics. The company has recently raised Rs 4.6 bn through an IPO and the need to raise any further funds through debt remains unclear. We do not support an increase in the borrowing limits.
    5 for1 against
  • Approval for creation of charge on the assets of the Company
    6 for0 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
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.