Exxaro Tiles logo

Exxaro Tiles MD, chairman, board of directors and AGM

NSE: EXXAROBSE: 543327Consumer DurablesSmall Cap

Last close ₹6.47down ₹0.31 (4.57%)BSE ₹6.28

Share price at the NSE close on 23 Oct 2026. Previous close ₹6.78.

52-week range of traded prices to 23 Oct 2026
₹5.99Low, 3 Aug 2026₹10.33High, 7 Nov 2025
Market cap
₹289 Cr2,107th largest listed
P/E
70.7
P/B
1.0
Dividend yield
Nonein the last 12 months
ROE
1.5%
ROCE
4.3%
Debt to equity
0.32
Volume, NSE
24,86,75593.9% delivered

Exxaro Tiles 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 directorMukeshkumar Babubhai Patel
  • Company Secretary and Compliance OfficerDharmishtha Shah

7 directors4 independent3 executive

  • Mukeshkumar Babubhai Patel · Chairperson and managing directorExecutive · joined Jan 2012 · reappointed Nov 2025 · 1 listed board · 1 committee seat
  • Kirankumar Bhikhalal PatelExecutive · joined Jan 2012 · reappointed Nov 2025 · 1 listed board · 1 committee seat
  • Dineshbhai Ramanlal PatelExecutive · joined Aug 2014 · reappointed Nov 2025 · 1 listed board
  • Kamal DaveIndependent · joined Jan 2021 · reappointed Nov 2025 · 69 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Darsha KikaniIndependent · joined May 2023 · reappointed May 2023 · 38 months as independent · 3 listed boards · 3 as independent · 3 committee seats, 1 as chair
  • Gordhanbhai Bhagwanbhai PatelIndependent · joined Mar 2024 · reappointed Mar 2024 · 30 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Miten Shirish MajmundarIndependent · joined Nov 2025 · reappointed Nov 2025 · 10 months as independent · 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

    • 25 Jul 20267 of 7 present4 independent · 80 days in between
    • 5 May 20267 of 7 present4 independent

  • Audit Committee

    Chair Kamal Dave

    Gordhanbhai Bhagwanbhai Patel, Mukeshkumar Babubhai Patel

    • 25 Jul 20263 of 3 present2 independent · 80 days in between
    • 5 May 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Gordhanbhai Bhagwanbhai Patel

    Kamal Dave, Darsha Kikani

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Gordhanbhai Bhagwanbhai Patel

    Kamal Dave, Kirankumar Bhikhalal Patel

    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.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • H B Kalaria & AssociatesPeer-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.

Exxaro Tiles 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.Exxaro Tiles share news and announcements

Annual general meeting, 26 Sep 2026

57,670 shareholders on the register on 19 Sep 2026; present: 4 promoters and 44 others; votes counted by Vasant Patel / Vasant Patel & Associate.The company's voting result (opens in a new tab)

  1. Ordinary Resolution, relates to adoption of Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March 2026 and reports of the Board of Directors and auditors thereonMoreLess
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 18.85% · promoters 16.62% · institutions 0.00% · other public 22.00%

  2. Ordinary Resolution, relates to appoint a director in place of Mr. Dineshkumar R. Patel (DIN: 01917917) who retires by rotation at this AGM and being eligible, offered himself for reappointment
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 18.85% · promoters 16.62% · institutions 0.00% · other public 22.00%

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, 24 Dec 2025, 4 resolutions

58,684 shareholders on the register on 21 Nov 2025; votes counted by Vasant Patel / Vasant Patel & Associates.The company's voting result (opens in a new tab)

  1. To re-appoint Mr. Mukeshkumar Babubhai Patel (DIN: 01944968), as Chairman and Managing Director of the Company.
    Special
    99.99% for0.01% against

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

    Turnout: all 38.51% · promoters 65.11% · institutions 0.00% · other public 19.19%

  2. To re-appoint Mr. Kirankumar Bhikhalal Patel (DIN: 01918094), as Whole Time Director of the Company
    Special
    99.99% for0.01% against

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

    Turnout: all 38.51% · promoters 65.11% · institutions 0.00% · other public 19.19%

  3. To re-appoint Mr. Dineshkumar Ramanlal Patel (DIN: 01917917), as Whole Time Director of the Company
    Special
    99.99% for0.01% against

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

    Turnout: all 38.51% · promoters 65.11% · institutions 0.00% · other public 19.19%

  4. To appoint Mr. Miten Majmundar (DIN: 11379191), as an Independent Director of the Company.
    Special
    99.99% for0.01% against

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

    Turnout: all 38.51% · promoters 65.11% · institutions 0.00% · other public 19.19%

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, 27 Sep 2025, 5 resolutions

59,926 shareholders on the register on 20 Sep 2025; present: 5 promoters and 38 others; votes counted by INE0GFE01026 / Vasant Patel & Associate.The company's voting result (opens in a new tab)

  1. To consider and adopt:- a. the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Reports of the Board of Directors and the Statutory Auditor thereon; and b. the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Report of the Statutory Auditor thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 45.52% · promoters 81.73% · institutions 0.00% · other public 22.87%

  2. To appoint a Director in place of Mr. Kirankumar B. Patel (DIN: 01918094) who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 45.52% · promoters 81.73% · institutions 0.00% · other public 22.86%

  3. To re-appoint M/s. H B Kalaria & Associates, Chartered Accountants, (Firm Registration No. 104571W), as Statutory Auditors of the Company for the second consecutive term of five years, from the conclusion of this 18th Annual General Meeting till the conclusion of the 23rd Annual General Meeting to be held in the year 2030MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 45.52% · promoters 81.73% · institutions 0.00% · other public 22.87%

  4. To re-appoint Mr. Kamal Aniruddh Dave (DIN: 09017140) as an Independent Director of the Company for the second consecutive term of five years, from 5th January, 2026 till 4th January, 2031.
    Special
    100.00% for0.00% against

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

    Turnout: all 45.52% · promoters 81.73% · institutions 0.00% · other public 22.86%

  5. To appoint M/s. Vasant Patel & Associates, Practicing Company Secretaries (CP No. 3848, Peer Review No. 1567/2021), as Secretarial Auditors of the Company for a period of five consecutive (5) years to hold office from the conclusion of this Annual General Meeting till the conclusion of the 23rd Annual General Meeting of the Company to be held in the year 2030.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 45.52% · promoters 81.73% · institutions 0.00% · other public 22.87%

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, 20 Nov 2024, 2 resolutions

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

  1. Sub-division/ split of existing 1 (One) Equity Share of face value of Rs. 10/- (Rupees Ten Only) each fully paid up into 10 (Ten) Equity Shares of face value of Rs. 1/- (Rupees One Only) each fully paid up;MoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 45.84% · promoters 81.73% · institutions 0.00% · other public 21.81%

  2. Alteration of Capital Clause (Clause V) of the Memorandum of Association of the Company
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 45.84% · promoters 81.73% · institutions 0.00% · other public 21.81%

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, 21 Sep 2024, 2 resolutions

Present: 6 promoters and 43 others.The company's voting result (opens in a new tab)

  1. a. the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2024, together with the Reports of the Board of Directors and the Statutory Auditor thereon; and nb. the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2024, together with the Report of the Statutory Auditor thereonnMoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 56.37% · promoters 81.73% · institutions 0.00% · other public 42.70%

  2. To appoint a Director in place of Mr. Mukeshkumar B. Patel (DIN: 01944968) who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 56.37% · promoters 81.73% · institutions 0.00% · other public 42.69%

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, 17 Apr 2024, 1 resolution

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

  1. Appointment of Mr. Gordhanbhai B. Patel (DIN: 10535716) as an Independent Director
    Special
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.49%

    Turnout: all 60.28% · promoters 83.29% · institutions 0.00% · other public 46.85%

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, 26 Aug 2023, 3 resolutions

Present: 6 promoters and 38 others.The company's voting result (opens in a new tab)

  1. To consider and adopt:na. the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2023, together with the Reports of the Board of Directors and the Statutory Auditor thereon; and nb. the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2023, together with the Report of the Statutory Auditor thereon.nMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 60.91% · promoters 83.29% · institutions 0.00% · other public 48.09%

  2. To appoint a Director in place of Mr Dineshkumar R. Patel (DIN: 01917917) who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 60.91% · promoters 83.29% · institutions 0.00% · other public 48.09%

  3. Appointment of Mrs. Darsha Kikani (DIN: 00155791) as an Independent Director of the Company and if thought fit, to pass, the following resolution as an Special Resolution
    Special
    99.99% for0.01% against

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

    Turnout: all 60.91% · promoters 83.29% · institutions 0.00% · other public 48.09%

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, 24 Sep 2022, 3 resolutions

Present: 4 promoters and 37 others.The company's voting result (opens in a new tab)

  1. To consider and adopt:na. the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2022, together with the Reports of the Board of Directors and the Statutory Auditor thereon; and nb. the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2022, together with the Report of the Statutory Auditor thereon.nMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 67.49% · promoters 83.29% · institutions 0.00% · other public 66.38%

  2. To appoint a Director in place of Mr. Kirankumar B. Patel (DIN: 01918094) who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 33.10% · promoters 1.56% · institutions 0.00% · other public 66.38%

  3. Appointment of Mrs. Chitra Kirtivasan as an Independent Director of the Company.
    Special
    99.99% for0.01% against

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

    Turnout: all 67.49% · promoters 83.29% · institutions 0.00% · other public 66.38%

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.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeIncome tax AuthoritiesSince 26 Dec 2019
    The Company has filed an appeal before Commissioner of Income Tax (Appeals). The matter is subjudice.
    At the filing before: Addition on Account of Unexplained Cash Credit due to non submission of confirmation documents by party under section 133(6) relating to period A.Y.2013-14 (Disclosure was made in the Annual Report 2023-24)MoreLess
  • Tax disputeIncome tax AuthoritiesSince 27 Dec 2017
    The Company has filed an appeal before Commissioner of Income Tax (Appeals). The matter is subjudice.
    At the filing before: Disallowance on account of various other disallowances to Rs.29.94 Lacs and Addition on Account of Unexplained Cash Credit amounting to Rs.594.42 Lacs and u/s 56(2)(viib) amounting to Rs.412.71 lacs relating to period A.Y.2015-16(Disclosure was made in the Annual Report 2023-24)MoreLess
  • Tax disputeIncome tax AuthoritiesSince 26 Dec 2019
    The Company has filed an appeal before Commissioner of Income Tax (Appeals). The matter is subjudice.
    At the filing before: Addition on Account of Unexplained Cash Credit due to non submission of confirmation documents by party under section 133(6) relating to period A.Y.2016-17 (Disclosure was made in the Annual Report 2023-24)MoreLess
  • Tax disputeIncome tax AuthoritiesSince 29 Dec 2019
    The Company has filed an appeal before Commissioner of Income Tax (Appeals). The matter is subjudice.
    At the filing before: Disallowance on account of section u/s 40A(3) to Rs.1.38 Lacs and Addition on Account of Section u/s 56(2)(viib) amounting to Rs.658.02 lacs and also Section 270A for penalty imposition regarding relating to period A.Y.2017-18(Disclosure was made in the Annual Report 2023-24)MoreLess
  • Tax disputeIncome tax AuthoritiesSince 8 Apr 2021
    The Company has filed an appeal before Commissioner of Income Tax (Appeals). The matter is subjudice.
    At the filing before: Addition on Account of Section u/s 56(2)(viib) amounting to Rs.548.79 lacs relating to period A.Y.2018-19(Disclosure was made in the Annual Report 2023-24)
  • Tax disputeIncome tax AuthoritiesSince 18 Mar 2023
    The Company has filed an appeal before Commissioner of Income Tax (Appeals). The matter is subjudice.
    At the filing before: Disallowance on account of various other disallowances to Rs.24.31 Lacs and Addition on Account of Section u/s 56(2)(viib) amounting to Rs.18.18 lacs relating to period A.Y.2018-19(Disclosure was made in the Annual Report 2023-24)MoreLess
  • Tax disputeAppellate AuthoritySince 4 Aug 2026
    The Company has filed an appeal before GST Appellate Tribunal. The matter is subjudice.
    At the filing before: Addition on account of ITC Mismatch and ITC Reversal under section 42 and 43 and other various addition relating to period F.Y.2017-18(Disclosure was made in the Annual Report 2023-24)
  • Tax disputeAppellate AuthoritySince 12 Aug 2024
    The Company has filed an appeal before Appellate Authority. The matter is subjudice.
    At the filing before: Addition on account of ITC Mismatch and ITC Reversal under section 42 and 43 and other various addition relating to period F.Y.2018-19
3 more
  • Tax disputeAppellate AuthoritySince 13 Jun 2026
    The Company has filed an appeal before GST Appellate Tribunal. The matter is subjudice.
    At the filing before: Addition on account of ITC Mismatch and ITC Reversal under section 42 and 43 and other various addition relating to period F.Y.2018-19
  • Tax disputeAppellate AuthoritySince 25 Nov 2024
    The Company has filed an appeal before Appellate Authority. The matter is subjudice.
    At the filing before: Addition on account of ITC Mismatch and ITC Reversal under section 42 and 43 and other various addition relating to period F.Y.2019-20
  • Tax disputeAppellate AuthoritySince 12 Mar 2026
    The Company has filed an appeal before Appellate Authority. The matter is subjudice.
    At the filing before: Addition on account of ITC Mismatch and ITC Reversal under section 42 and 43 and other various addition relating to period F.Y.2021-22

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

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
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
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.