Forbes & Company MD, chairman, board of directors and AGM
BSE: 502865Consumer DurablesSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹263.75.
- 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.
- ₹342 Cr1,919th 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. The filing of 14 Aug 2026
- 28.2
- 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 14 May 2026
- 1.7
- 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 14 Aug 2026
- 5.8%
- 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 14 Aug 2026
- 3.6%
- 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 14 May 2026
- 0.00
- Volume, BSEVolume. Shares traded on the last trading day.
- 3,053
Forbes & Company board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonMahesh Chelaram Tahilyani
- Company Secretary and Compliance OfficerMehul Raval
6 directors3 independent1 executive2 non-executive
- Mahesh Chelaram Tahilyani · ChairpersonNon-executive · joined Apr 2024 · 2 listed boards · 4 committee seats
- Nirmal Chandmal JagawatExecutive · joined Apr 2025 · 1 listed board · 1 committee seat
- Jai Laxmikant MavaniNon-executive · joined May 2012 · 2 listed boards
- Nikhil Jaysinh BhatiaIndependent · joined May 2019 · reappointed May 2024 · 85 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 5 as chair
- Paras Khimji SavlaIndependent · joined Aug 2024 · 23 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 4 as chair
- Bapsy DasturIndependent · joined Sep 2024 · 22 months as independent · 2 listed boards · 2 as independent · 2 committee seats
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
- Sudhir Wakure, left 30 Apr 2025: Others
- Ravinder Chander Prem, left 4 Apr 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 14 May 20266 of 6 present3 independent · 103 days in between
- 30 Jan 20266 of 6 present3 independent
Audit Committee
Chair Nikhil Jaysinh Bhatia
Mahesh Chelaram Tahilyani, Paras Khimji Savla
- 14 May 20263 of 3 present2 independent · 103 days in between
- 30 Jan 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Nikhil Jaysinh Bhatia
Mahesh Chelaram Tahilyani, Paras Khimji Savla
- 14 May 20263 of 3 present2 independent · 103 days in between
- 30 Jan 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Paras Khimji Savla
Mahesh Chelaram Tahilyani, Nirmal Jagawat
- 30 Jan 20263 of 3 present1 independent
Risk Management Committee
Chair Nikhil Jaysinh Bhatia
Jai Laxmikant Mavani, Mahesh Chelaram Tahilyani, Nirmal Jagawat
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair Nikhil Jaysinh Bhatia
Mahesh Chelaram Tahilyani, Jai Laxmikant Mavani
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 Mar 2026.
- Sharp & Tannan AssociatesPeer-review certificate valid to Apr 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.
Forbes & Company 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.Forbes & Company dividend history
Postal ballot, 3 Oct 2026
12,489 shareholders on the register on 28 Aug 2026; votes counted by Harshvardhan Tarkas / Harshvardhan Tarkas.The company's voting result (opens in a new tab)
- Payment of Commission to Independent DirectorsSpecial99.95% for0.05% against
Against: promoters 0.00% · institutions 89.81% · other public 15.39%
Turnout: all 72.70% · promoters 98.25% · institutions 0.21% · other public 0.67%
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 17 Jul 2019, 1 fund house
- To appoint Mr. Nikhil Bhatia (DIN: 00414281) as an Independent Director of the Company.0 for0 against
1 abstained
- To approve payment of remuneration to Mr. M. C. Tahilyani (DIN: 01423084) as Managing Director of the Company.0 for0 against
1 abstained
- To reappoint M r. D. Sivanandhan (DIN: 03607203) as an Independent Director of the Company.0 for0 against
1 abstained
Mutual fund votes, meeting of 29 Mar 2019, 1 fund house
To authorise the Board of Directors or the Company to sale of the 50% of the Business Undertaking in Project Vicinia to Paikar Real Estates Private Limited ("Purchaser") on going concern basis and on as-is-where-is basis and by way of slump sale for lump sum consideration of Rs. 155 Crores.MoreLess
0 for0 against1 abstained
1 earlier meeting
Mutual fund votes, meeting of 25 Sep 2018, 1 fund house
- To appoint a Director in place of Mr. Jai Mavani (DIN: 05260191), who retires by rotation and being eligible, seeks reappointment.0 for0 against
1 abstained
- To appoint Ms. Rani Ajit Jadhav (DIN: 07070938) as an Independent Director of the Company to hold office for three years from September 1, 20180 for0 against
1 abstained
To borrow such sums of money from time to time, with or without security, on such terms and conditions as it may consider fit, such that the amount to be borrowed together with the amount already borrowed by the Company at any point of time does not exceed Rs. 1,000 CroresMoreLess
0 for0 against1 abstained
To consider and adopt: (a) the Audited Financial Statements of the Company for the Financial Year ended March 31, 2018 together with the Report of the Board of Directors and the Auditors thereon; and (b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2018 together with the Report of the Auditors thereonMoreLess
0 for0 against1 abstained
To create charges, security, hypothecations, mortgages/equitable mortgages, in addition to the existing charges, security, mortgages and hypothecations created by the Company, on such moveable and/or immovable properties of the Company, present and/or future, at any point of time does not exceed Rs. 1,000 CroresMoreLess
0 for0 against1 abstained
- To declare dividend for the Financial Year ended March 31, 20180 for0 against
1 abstained
To make offer(s) or invitation(s) to subscribe to cumulative/ non-cumulative, listed/unlisted, secured/unsecured, redeemable Non-Convertible Debentures/ Bonds (“NCD”) upto Rs. 250 crores (Rupees Two Hundred Fifty Crores only) through private placement, in one or more tranches or seriesMoreLess
0 for0 against1 abstained
To ratify the remuneration to be paid to M/s. Kishore Bhatia & Associates, Cost Accountants, the Cost Auditor appointed by the Board of Directors of the Company, to conduct the audit of the cost accounts of the Company for the financial year ending March 31, 2019MoreLess
0 for0 against1 abstained
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
- 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.