Ganga Forging MD, chairman, board of directors and AGM
NSE: GANGAFORGEIndustrial ProductsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹1.38.
- Under NSE's long-term additional surveillance, stage I, on the list for 23 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.
- ₹47 Cr3,635th 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.
- Shares changed
- 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 18 Jul 2026
- −7.6%
- ROE without one-offsReturn on equity without one-off items. Core profit, 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 less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹0.66 crore of one-off items, the largest of them in the quarter to Jun 2026.
- −9.8%
- 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 18 Jul 2026
- −5.3%
- 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 29 May 2026
- 0.71
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 25,36,00845.2% delivered
Ganga Forging 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 directorHiralal Mahidas TilvaRelated to the promoter
- Company Secretary and Compliance OfficerDrashtiben Hardik Bhuva
8 directors4 independent4 executive
- Hiralal Mahidas Tilva · Chairperson and managing directorExecutive · joined Apr 2018 · reappointed Apr 2023 · 1 listed board
- Jasubhai Khimjibhai PatelIndependent · joined Apr 2018 · reappointed Apr 2023 · 101 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- SHEETAL SANJIVKUMAR CHANIARAExecutive · joined Sep 2017 · reappointed Feb 2023 · 1 listed board
- Rakesh Chhaganlal PatelExecutive · joined Mar 2016 · reappointed Feb 2023 · 1 listed board · 1 committee seat
- NAYANKUMAR KARSHANBHAI VIRPARIAIndependent · joined Mar 2022 · reappointed Mar 2022 · 55 months as independent · 1 listed board · 1 as independent
- PARULBEN RAKESHBHAI PATELExecutive · joined Sep 2017 · reappointed Feb 2023 · 1 listed board
- RAMESHBHAI GORDHANBHAI DHINGANIIndependent · joined Mar 2018 · reappointed Mar 2023 · 103 months as independent · 1 listed board · 1 as independent · 2 committee seats
- SAGAR RAMNIKLAL GOVANIIndependent · joined Jun 2021 · reappointed Jun 2026 · 64 months 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.
1 director who left
- NISHITH TRIVEDI TRIVEDI, left 26 Apr 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 8 Sep 20266 of 8 present2 independent · 9 days in between
- 29 Aug 20268 of 8 present4 independent · 38 days in between
- 21 Jul 20268 of 8 present4 independent · 2 days in between
- 18 Jul 20268 of 8 present4 independent · 22 days in between
2 earlier meetings
- 25 Jun 20268 of 8 present4 independent · 26 days in between
- 29 May 20268 of 8 present4 independent
Audit Committee
Chair Jasubhai Khimjibhai Patel
RAMESHBHAI GORDHANBHAI DHINGANI, SAGAR RAMNIKLAL GOVANI
- 18 Jul 20263 of 3 present3 independent · 49 days in between
- 29 May 20263 of 3 present3 independent
Nomination and remuneration committee
Chair RAMESHBHAI GORDHANBHAI DHINGANI
Jasubhai Khimjibhai Patel, SAGAR RAMNIKLAL GOVANI
- 29 Aug 20263 of 3 present3 independent · 41 days in between
Stakeholders Relationship Committee
Chair Jasubhai Khimjibhai Patel
RAMESHBHAI GORDHANBHAI DHINGANI, Rakesh Chhaganlal 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 Mar 2026.
- M. N. Manvar & Co.Peer-review certificate valid to Oct 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.
Ganga Forging 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.Ganga Forging share news and announcements
Annual general meeting, 26 Sep 2026
70,787 shareholders on the register on 19 Sep 2026; present: 9 promoters and 21 others; votes counted by PURVI DAVE / MJP ASSOCIATES.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended on 31st March, 2026 and the reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary99.89% for0.11% againstAgainst: promoters 0.00% · institutions 0.00% · other public 2.21%
Turnout: all 34.52% · promoters 100.00% · institutions 0.00% · other public 2.61%
- To appoint Mr. Rakesh Chhaganlal Patel, Managing Director [DIN: 00510990], who retires by rotation at this meeting as a director and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it99.87% for0.13% against
Against: promoters 0.00% · institutions 0.00% · other public 2.21%
Turnout: all 28.82% · promoters 82.61% · institutions 0.00% · other public 2.61%
- Re-appointment of Mr. Nayankumar Karshanbhai Virparia, [DIN: 03297965] as an independent director of the company for a second termSpecial99.89% for0.11% against
Against: promoters 0.00% · institutions 0.00% · other public 2.21%
Turnout: all 34.52% · promoters 100.00% · institutions 0.00% · other public 2.61%
- To consider and approve Increase in authorized share capital of the company from Rs. 35,00,00,000/- (Rupees Thirty-Five crores only) To Rs. 85,00,00,000/- (Rupees Eighty-Five crores only).Ordinary99.84% for0.16% against
Against: promoters 0.00% · institutions 0.00% · other public 3.05%
Turnout: all 34.52% · promoters 100.00% · institutions 0.00% · other public 2.61%
- Alteration in Clause V (i.e. Capital Clause) of the Memorandum of Association of the companySpecial99.89% for0.11% against
Against: promoters 0.00% · institutions 0.00% · other public 2.21%
Turnout: all 34.52% · promoters 100.00% · institutions 0.00% · other public 2.61%
- Alteration in Clause III [A] i.e. Main Object Clause of Memorandum of Association of the CompanySpecial99.89% for0.11% against
Against: promoters 0.00% · institutions 0.00% · other public 2.21%
Turnout: all 34.52% · promoters 100.00% · institutions 0.00% · other public 2.61%
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, 12 Feb 2026, 2 resolutions
50,365 shareholders on the register on 5 Feb 2026; present: 11 promoters and 20 others; votes counted by Purvi Dave / MJP Associates.The company's voting result (opens in a new tab)
- To consider and approve Increase in authorized share capital of the company from Rs.18,00,00,000/- (Rupees Eighteen crores only) To Rs. 35,00,00,000/- (Rupees Thirty-Five crores only)Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 33.02% · promoters 89.11% · institutions 0.00% · other public 2.14%
- Alteration in Clause V (i.e. Capital Clause) of the Memorandum of Association of the companySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 33.02% · promoters 89.11% · institutions 0.00% · other public 2.14%
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, 4 resolutions
50,338 shareholders on the register on 19 Sep 2025; present: 11 promoters and 22 others; votes counted by URVI TAPAN POTA / URVI TAPAN POTA.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended on 31st March, 2025 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 40.31% · promoters 100.00% · institutions 0.00% · other public 1.87%
- To appoint Mr. Hiralal Tilva, Chairman and Managing Director [DIN: 00022539], who retires by rotation at this meeting as a director 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 21.56% · promoters 52.20% · institutions 0.00% · other public 1.87%
- Appointment of M/s. MJP Associates Practicing Company Secretaries, Rajkot as Secretarial Auditor of the company and fix their remunerationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 40.31% · promoters 100.00% · institutions 0.00% · other public 1.87%
- Re-appointment of Mr. Sagar R. Govani, [DIN: 09185913] as an Independent Director of the companySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 40.31% · promoters 100.00% · institutions 0.00% · other public 1.87%
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, 19 Apr 2025, 1 resolution
49,562 shareholders on the register on 14 Mar 2025; votes counted by PURVI DAVE / MJP ASSOCIATES.The company's voting result (opens in a new tab)
- Approval of Related Party Transaction to be entered into with Mr. Mayurkumar Mansukhlal KalariaOrdinaryPromoters have an interest in it98.86% for1.14% against
Against: promoters 0.00% · institutions 0.00% · other public 1.14%
Turnout: all 0.07% · promoters 0.00% · institutions 0.00% · other public 0.13%
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 Sep 2024, 7 resolutions
Present: 9 promoters and 27 others.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended on 31st March, 2024 and the reports of Board of Directors and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 34.79% · promoters 83.45% · institutions 0.00% · other public 2.21%
- To appoint Mrs. Parulben Rakeshbhai Patel, Wholetime Director [DIN: 07528313], who retires by rotation at this meeting as a director and being eligible, offers herself 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 32.85% · promoters 78.60% · institutions 0.00% · other public 2.21%
- To appoint M. N. Manvar & Co. as statutory auditors of the Company for a term of five years and to fix their remuneration.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 34.79% · promoters 83.45% · institutions 0.00% · other public 2.21%
- To approve continuation of Mr. Jasubhai Khimjibhai Patel [DIN: 01006449] as a Non-Executive Independent Director of the company after attaining the age of 75 years.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 34.79% · promoters 83.45% · institutions 0.00% · other public 2.21%
- Omnibus approval for Related Party Transactions with Prem Trading Co.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 1.32% · promoters 0.00% · institutions 0.00% · other public 2.21%
- Approval of Related Party Transaction with Shri Hiralal Tilva, Chairman & Managing Director [DIN: 00022539] and also a Promoter of the CompanyOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 1.32% · promoters 0.00% · institutions 0.00% · other public 2.21%
- Approval of Related Party Transaction with Shri Manishkumar Chhaganbhai Nar, member of a promoter group of the Company:OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 1.32% · promoters 0.00% · institutions 0.00% · other public 2.21%
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, 22 Dec 2023, 1 resolution
The company's voting result (opens in a new tab)
- APPOINTMENT OF MR. NISHITH TRIVEDI [DIN: 10332082] AS AN INDEPENDENT DIRECTOR OF THE COMPANY.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 4.34%
Turnout: all 34.01% · promoters 62.78% · institutions 0.00% · other public 0.02%
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 Sep 2023, 4 resolutions
Present: 10 promoters and 21 others.The company's voting result (opens in a new tab)
- To receive, consider and adopt the audited financial statements of the Company for the financial year ended on 31stMarch, 2023 and reports of the Board of Directors and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 61.26% · promoters 100.00% · institutions 0.00% · other public 4.71%
To appoint a Director in place of Mrs. Sheetal Chaniara, Wholetime Director [DIN: 07528297], who retires by rotation in terms of Section 152(6) of the Companies Act, 2023 and being eligible, offers herself for re-appointment.MoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 57.74% · promoters 94.06% · institutions 0.00% · other public 4.71%
- Alteration of Clause III [A] (1) i.e. Main Object Clause of Memorandum of Association of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 61.27% · promoters 100.00% · institutions 0.00% · other public 4.71%
- Omnibus approval of Related Party Transactions with Prem Trading Co.OrdinaryPromoters have an interest in it99.91% for0.09% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 1.92% · promoters 0.00% · institutions 0.00% · other public 4.71%
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, 7 Jul 2023, 4 resolutions
Present: 10 promoters and 24 others.The company's voting result (opens in a new tab)
- To Increase in authorized share capital of the company from Rs. 12,00,00,000/- (Rupees twelve crores only) To Rs. 18,00,00,000/- (Rupees Eighteen crores only)Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 62.12% · promoters 100.00% · institutions 0.00% · other public 6.41%
- Alteration in Clause V (i.e. Capital Clause) of the Memorandum of Association of the companySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 62.12% · promoters 100.00% · institutions 0.00% · other public 6.41%
- Alteration in Article of Association of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 62.12% · promoters 100.00% · institutions 0.00% · other public 6.41%
- To issue fully convertible warrants on a Preferential BasisSpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 8.70% · promoters 10.25% · institutions 0.00% · other public 6.41%
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.
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
- 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.