Explicit Finance MD, chairman, board of directors and AGM
BSE: 530571Commercial Services & SuppliesSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹9.36.
- Under BSE's graded surveillance, stage 0, on the list for 22 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- 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.
- ₹9.10 Cr4,718th 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 28 Sep 2026
- 1.2
- 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 28 Sep 2026
- −0.6%
- 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 28 Sep 2026
- −0.6%
- 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 28 Sep 2026
- 0.00
- Volume, BSEVolume. Shares traded on the last trading day.
- 420
Explicit Finance board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.
- ChairpersonGOPAL DAVE
- Managing directorRAJESH S NANDA
7 directors3 independent2 executive2 non-executive
- AVINASH BHARGAVRAM MAYANKARNon-executive · joined Nov 1994 · 1 listed board
- GOPAL DAVE · ChairpersonNon-executive · joined Nov 2017 · 1 listed board · 1 committee seat
- RAJESH S NANDA · Managing directorExecutive · joined Aug 2023 · 1 listed board
- HETAL AMRUTBHAI BHANUSHALIIndependent · joined Aug 2023 · 37 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- NIRMAL SINGH RAJUIndependent · joined Jun 2024 · 27 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- NARENDRANSINH MANUBHAI ZALAExecutive · joined Aug 2025 · 2 listed boards
- DIPALI RAJENDRA MARATHEIndependent · joined Aug 2026 · 1 month 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.
2 directors who left
- VANDANA SANTOSH KALOKHE, left 31 Aug 2026: Others
- NEELAM BHANUSHALI, left 20 Mar 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 12 Aug 20267 of 7 present3 independent · 56 days in between
- 16 Jun 20266 of 6 present2 independent · 17 days in between
- 29 May 20266 of 6 present2 independent
Audit Committee
Chair NIRMAL SINGH RAJU
GOPAL DAVE, HETAL AMRUTBHAI BHANUSHALI
- 12 Aug 20263 of 3 present2 independent · 74 days in between
- 29 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair NIRMAL SINGH RAJU
GOPAL DAVE, HETAL AMRUTBHAI BHANUSHALI
- 12 Aug 20263 of 3 present2 independent
- 29 May 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair HETAL AMRUTBHAI BHANUSHALI
NIRMAL SINGH RAJU, DIPALI RAJENDRA MARATHE
No meeting listed in the filing.
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.
Explicit Finance 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.Explicit Finance share news and announcements
Annual general meeting, 30 Sep 2026
2,534 shareholders on the register on 23 Sep 2026; present: 3 promoters and 20 others; votes counted by VISHAL N. MANSETA / VISHAL N. MANSETA.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Balance Sheet as at 31st March, 2026 and the Statement of Profit and Loss of the Company for the financial year ended 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 72.98% · promoters 100.00% · institutions 0.00% · other public 69.26%
- To re-appoint Mr. Avinash Mainkar (DIN: 01986289) Non - executive Director liable to retire 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 0.00%
Turnout: all 72.19% · promoters 93.50% · institutions 0.00% · other public 69.26%
- To appoint Ms. Dipali Rajendra Marathe (DIN: 11853543) as Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.98% · promoters 100.00% · institutions 0.00% · other public 69.26%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.