Ganesh Benzoplast logo

Ganesh Benzoplast MD, chairman, board of directors and AGM

NSE: GANESHBEBSE: 500153OilSmall Cap

Last close ₹87.40down ₹1.99 (2.23%)BSE ₹86.60

Share price at the NSE close on 23 Oct 2026. Previous close ₹89.39.

52-week range of traded prices to 23 Oct 2026
₹68.40Low, 2 Feb 2026₹143.00High, 29 Sep 2026
Market cap
₹629 Cr1,737th largest listed
P/E
8.7
P/E without one-offs
10.1
P/B
1.0
Dividend yield
Nonein the last 12 months
ROE
12.6%
ROE without one-offs
10.9%
ROCE
10.5%
Debt to equity
0.04
Volume, NSE
1,66,040

Ganesh Benzoplast 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

  • Chairperson and managing directorRISHI RAMESH PILANIRelated to the promoter
  • Company Secretary and Compliance OfficerEkta Dhanda

7 directors4 independent2 executive1 non-executive

  • RISHI RAMESH PILANI · Chairperson and managing directorExecutive · joined Oct 2006 · reappointed Sep 2024 · 1 listed board
  • SHYAM NIHATEExecutive · joined Apr 2023 · reappointed Jul 2023 · 1 listed board · 1 committee seat
  • NIRAJ NABH KUMARIndependent · joined Dec 2020 · reappointed Sep 2025 · 69 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • JOHN JOSEPHIndependent · joined Sep 2022 · reappointed Sep 2022 · 45 months as independent · 3 listed boards · 3 as independent · 4 committee seats
  • GIRDHARI LAL KUNDALWALIndependent · joined Apr 2023 · reappointed Jul 2023 · 40 months as independent · 2 listed boards · 2 as independent · 3 committee seats
  • RAMESH DHANRAJ PUNJABINon-executive · joined Feb 2014 · reappointed Aug 2017 · 1 listed board · 4 committee seats
  • AMRUTA PANKAJ THALIIndependent · joined Aug 2025 · reappointed Sep 2025 · 11 months as independent · 1 listed board · 1 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.

1 director who left
  • JAGRUTI CHETAN GAIKWAD, left 25 Sep 2025: Tenure Completion

Committees and meetings

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

  • Board

    • 27 May 20265 of 7 present2 independent · 102 days in between
    • 13 Feb 20266 of 7 present3 independent
  • Audit Committee

    Chair NIRAJ NABH KUMAR

    JOHN JOSEPH, GIRDHARI LAL KUNDALWAL, AMRUTA PANKAJ THALI, RAMESH DHANRAJ PUNJABI

    • 27 May 20263 of 5 present2 independent · 102 days in between
    • 13 Feb 20264 of 5 present3 independent
  • Nomination and remuneration committee

    Chair NIRAJ NABH KUMAR

    JOHN JOSEPH, GIRDHARI LAL KUNDALWAL, AMRUTA PANKAJ THALI, RAMESH DHANRAJ PUNJABI

    • 27 May 20263 of 5 present2 independent
  • Stakeholders Relationship Committee

    Chair NIRAJ NABH KUMAR

    AMRUTA PANKAJ THALI, RAMESH DHANRAJ PUNJABI, RISHI RAMESH PILANI, SHYAM NIHATE

    • 27 May 20264 of 5 present1 independent
  • Risk Management Committee

    Chair NIRAJ NABH KUMAR

    GIRDHARI LAL KUNDALWAL, RAMESH DHANRAJ PUNJABI, RISHI RAMESH PILANI, SHYAM NIHATE

    • 27 May 20265 of 5 present2 independent
  • Corporate Social Responsibility Committee

    Chair NIRAJ NABH KUMAR

    GIRDHARI LAL KUNDALWAL, RAMESH DHANRAJ PUNJABI, RISHI RAMESH PILANI, SHYAM NIHATE

    • 27 May 20265 of 5 present2 independent
  • Allotment Committee

    Chair RAMESH DHANRAJ PUNJABI

    RISHI RAMESH PILANI, SHYAM NIHATE

    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.

  • MITTAL & ASSOCIATESPeer-review certificate valid to May 2027
1 earlier auditor
  • MITTAL AND ASSOCIATESNamed in the filing for the quarter to Mar 2025

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.

Ganesh Benzoplast 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.Ganesh Benzoplast share news and announcements

Annual general meeting, 30 Sep 2026

50,499 shareholders on the register on 23 Sep 2026; present: 3 promoters and 93 others; votes counted by VIJAY KUMAR MISHRA / VKM & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements To consider and adopt a. 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; and b. The Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2026, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 43.17% · promoters 99.81% · institutions 49.35% · other public 5.30%

  2. To appoint a Director in place of Mr. Rishi Pilani (DIN: 00901627), 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 43.17% · promoters 99.81% · institutions 49.35% · other public 5.30%

  3. Appointment of M/s. Samria Kabra and Associates, Chartered Accountants (Firm Registration No. 109043W) as the Statutory Auditors of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 43.17% · promoters 99.81% · institutions 49.35% · other public 5.30%

  4. Ratification of the Remuneration of the Cost Auditors for the Financial Year 2026-27
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 43.17% · promoters 99.81% · institutions 49.35% · other public 5.30%

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, 7 resolutions

54,374 shareholders on the register on 18 Sep 2025; present: 7 promoters and 85 others; votes counted by VIJAY KUMAR MISHRA / VKM & ASSSOCIATES.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements To consider and adopt a. The Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2025, together with the Reports of the Board of Directors and the Auditors thereon; and b. The Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2025, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.56%

    Turnout: all 53.90% · promoters 100.00% · institutions 11.88% · other public 25.41%

  2. To appoint a Director in place of Mr. Shyam Nihate (DIN: 08301025), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.57%

    Turnout: all 53.90% · promoters 100.00% · institutions 11.88% · other public 25.41%

  3. Appointment of Ms. Amruta Pankaj Thali (DIN:11230644) as an Independent Woman Director of the Company
    Special
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.57%

    Turnout: all 53.90% · promoters 100.00% · institutions 11.88% · other public 25.41%

  4. Re-appointment of Mr. Niraj Nabh Kumar (DIN:03401815) as an Independent Director for a second term of five consecutive years.
    Special
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.57%

    Turnout: all 53.90% · promoters 100.00% · institutions 11.88% · other public 25.41%

  5. :Variation in the objects of the Preferential issue to Qualified Institutional Buyer (QIB)-under Non-Promoter Category and Promoters.
    Special
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.57%

    Turnout: all 53.90% · promoters 100.00% · institutions 11.88% · other public 25.41%

  6. Appointment of VKM & Associates, Company Secretaries, as the Secretarial Auditors of the Company
    Ordinary
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.56%

    Turnout: all 53.90% · promoters 100.00% · institutions 11.88% · other public 25.41%

  7. Ratification of the Remuneration of the Cost Auditors for the Financial Year 2025-26
    Special
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.56%

    Turnout: all 53.90% · promoters 100.00% · institutions 11.88% · other public 25.41%

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 2024, 5 resolutions

Present: 8 promoters and 96 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements: To consider and adopt: na. 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 Auditors 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 Auditors thereon.MoreLess
    Ordinary
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.01%

    Turnout: all 58.95% · promoters 99.58% · institutions 1.67% · other public 36.07%

  2. To consider Re-appointment of Mr. Ramesh Punjabi as Director, liable to retire by rotation
    Ordinary
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.01%

    Turnout: all 58.95% · promoters 99.58% · institutions 1.67% · other public 36.07%

  3. For Ratification of the remuneration of the Cost Auditors for the Financial Year 2024-25
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 58.95% · promoters 99.58% · institutions 1.67% · other public 36.07%

  4. for Re-appointment of Mr. Rishi Pilani (DIN 00901627) as Chairman & Managing Director of the Company and increase in the limit of managerial remuneration payable to Mr. Rishi Pilani, in excess of 5% of the net profits of the CompanyMoreLess
    SpecialPromoters have an interest in it
    99.55% for0.45% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.02%

    Turnout: all 21.49% · promoters 3.56% · institutions 1.67% · other public 36.07%

  5. for Increase in Limit of Remuneration Payable to Mr. Shyam Nihate (DIN 10099782), Executive Director- Terminal Operations, in excess of 1% of the net profits of the Company
    Special
    99.99% for0.01% against

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

    Turnout: all 58.95% · promoters 99.58% · institutions 1.67% · other public 36.07%

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.

Extraordinary general meeting, 22 Feb 2024, 1 resolution

Present: 7 promoters and 73 others.The company's voting result (opens in a new tab)

  1. ISSUE AND OFFER EQUITY SHARES ON PREFERENTIAL BASISnUNDER NON-PROMOTER CATEGORY
    Special
    100.00% for0.00% against

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

    Turnout: all 59.33% · promoters 100.00% · institutions 0.00% · other public 32.84%

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.

Extraordinary general meeting, 28 Dec 2023, 2 resolutions

Present: 7 promoters and 79 others.The company's voting result (opens in a new tab)

  1. ISSUE AND OFFER EQUITY SHARES ON PREFERENTIAL BASIS TO THE QUALIFIED INSTITUTIONAL BUYER UNDER NON-PROMOTER CATEGORY
    Special
    100.00% for0.00% against

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

    Turnout: all 59.34% · promoters 100.00% · institutions 0.00% · other public 32.77%

  2. ISSUE OF EQUITY SHARES ON PREFERENTIAL BASIS TO THE PROMOTERS
    SpecialPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 18.38% · promoters 0.00% · institutions 0.00% · other public 32.77%

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, 29 Sep 2023, 4 resolutions

Present: 8 promoters and 69 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements: Ordinary Resolution to consider and adopt:na. The Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2023, together with the Reports of the Board of Directors and the Auditors thereon; andnb. The Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2023, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 61.16% · promoters 100.00% · institutions 0.00% · other public 33.92%

  2. Ordinary Resolution to consider Re-appointment of Mr. Rishi Ramesh Pilani as Director, liable to retire by rotation
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 61.16% · promoters 100.00% · institutions 0.00% · other public 33.92%

  3. Ordinary Resolution for Ratification of the remuneration of the Cost Auditors for the Financial Year 2023-24
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 61.16% · promoters 100.00% · institutions 0.00% · other public 33.92%

  4. Special Resolution to Consider and Approve Raising of Funds Through Qualified Institutional Placement (QIP)
    Special
    100.00% for0.00% against

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

    Turnout: all 61.16% · promoters 100.00% · institutions 0.00% · other public 33.92%

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, 19 Jul 2023, 2 resolutions

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

  1. SPECIAL RESOLUTION FOR APPOINTMENT OF MR GIRDHARI LAL KUNDALWAL (DIN 10124589) AS AN INDEPENDENT DIRECTOR
    Special
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.37%

    Turnout: all 59.69% · promoters 99.64% · institutions 0.00% · other public 31.41%

  2. ORDINARY RESOLUTION FOR APPOINTMENT OF MR SHYAM TARACHAND NIHATE (DIN 10099782) AS EXECUTIVE DIRECTOR-TERMINAL OPERATIONS
    Ordinary
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.37%

    Turnout: all 59.69% · promoters 99.64% · institutions 0.00% · other public 31.41%

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 2022, 8 resolutions

Present: 8 promoters and 67 others.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, 2022 and the reports of the Board of Directors and Auditor thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.26% · promoters 100.00% · institutions 0.00% · other public 37.74%

  2. to receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended 31st March, 2022 and the report of the Auditor thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.26% · promoters 100.00% · institutions 0.00% · other public 37.74%

  3. to re-appoint Mr. Raunak Ramakant Pilani as Director liable to retire by rotation.
    OrdinaryPromoters have an interest in it
    99.75% for0.25% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.81%

    Turnout: all 65.26% · promoters 100.00% · institutions 0.00% · other public 37.74%

  4. appointment of Dr. John Joseph (DIN 08641139) as an Independent Director.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.26% · promoters 100.00% · institutions 0.00% · other public 37.74%

  5. to approve and increase in limit of managerial remuneration payable to Mr. Rishi Ramesh Pilani, Managing Director in excess of 5% of the net profits of the Company.
    SpecialPromoters have an interest in it
    99.98% for0.02% against

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

    Turnout: all 20.62% · promoters 0.00% · institutions 0.00% · other public 37.74%

  6. to approve the remuneration of Mr. Ramesh Shankarmal Pilani holding a place of profit being the office of Chief Financial Officer.
    SpecialPromoters have an interest in it
    99.98% for0.02% against

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

    Turnout: all 20.62% · promoters 0.00% · institutions 0.00% · other public 37.74%

  7. for Ratification of the Remuneration Payable to Cost Auditor for the Financial Year 2022-23.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.26% · promoters 100.00% · institutions 0.00% · other public 37.74%

  8. to approve the related party transaction.
    SpecialPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 20.62% · promoters 0.00% · institutions 0.00% · other public 37.74%

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

At most 4 complaints open, quarter to Sep 2025.
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.

How money raised was used

Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far. A statement's amounts are left out where the company filed the same raise a power of ten apart in its other statements and the filings do not settle which is right.

RaisedAmount raisedForSet asideSpentSpent elsewhereReason and comments
Preferential IssuesMar 2024–For (i) capitalexpenditure and working capital requirements of the Company, its subsiadries, joint ventures or associates (ii) funding the Business expansion directly by the Company or through its subsidiaries or joint ventures or associates for the growth of existing businesses or to enter into new business in line with the strategy of the Company and (iii) general corporate purposes of the Company.––No
Preferential IssuesJan 2024–For LPG Business expansion directly by the Company or through its subsidiaries or joint ventures or associates and other general corporate business requirements.––YesChange in Objects of the Issue
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.