Ganges Securities logo

Ganges Securities MD, chairman, board of directors and AGM

NSE: GANGESSECUBSE: 540647Agricultural Food & other ProductsSmall Cap

Last close ₹108.78down ₹0.90 (0.82%)BSE ₹110.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹109.68.

52-week range of traded prices to 23 Oct 2026
₹103.31Low, 30 Mar 2026₹167.00High, 24 Oct 2025
Market cap
₹109 Cr2,761st largest listed
P/E
37.8
P/B
0.2
Dividend yield
Nonein the last 12 months
ROE
0.5%
ROCE
0.7%
Debt to equity
0.00
Volume, NSE
50890.4% delivered

Ganges Securities 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

  • ChairpersonNANDINI NOPANYRelated to the promoter
  • Managing directorURVI MITTAL
  • Company Secretary and Compliance OfficerVIJAYA AGARWALA

6 directors3 independent1 executive2 non-executive

  • NANDINI NOPANY · ChairpersonNon-executive · joined Aug 2016 · reappointed Aug 2016 · 2 listed boards
  • URVI MITTAL · Managing directorExecutive · joined Mar 2020 · reappointed Apr 2024 · 1 listed board
  • DHIRAJ RAMAKANT BANKAIndependent · joined Mar 2017 · reappointed Mar 2022 · 112 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • ARUN KUMAR NEWARIndependent · joined Mar 2017 · reappointed Mar 2022 · 111 months as independent · 2 listed boards · 2 as independent · 5 committee seats, 3 as chair
  • CHHEDI LAL AGARWALIndependent · joined May 2019 · reappointed May 2024 · 86 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair
  • BRIJ MOHAN AGARWALNon-executive · joined Feb 2022 · reappointed Feb 2022 · 2 listed boards · 8 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.

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 · 91 days in between
    • 11 Feb 20266 of 6 present3 independent

  • Audit Committee

    Chair ARUN KUMAR NEWAR

    BRIJ MOHAN AGARWAL, DHIRAJ RAMAKANT BANKA, CHHEDI LAL AGARWAL

    • 14 May 20264 of 4 present3 independent · 91 days in between
    • 11 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair DHIRAJ RAMAKANT BANKA

    ARUN KUMAR NEWAR, CHHEDI LAL AGARWAL

    • 14 May 20263 of 3 present3 independent · 364 days in between
    • 14 May 20253 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair ARUN KUMAR NEWAR

    BRIJ MOHAN AGARWAL, CHHEDI LAL AGARWAL

    • 14 May 20263 of 3 present2 independent · 180 days in between
    • 14 Nov 20253 of 3 present2 independent

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.

  • J K V S & CO.Peer-review certificate valid to Nov 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.

Ganges Securities 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.Ganges Securities share news and announcements

Annual general meeting, 11 Aug 2026

5,647 shareholders on the register on 4 Aug 2026; present: 25 promoters and 29 others; votes counted by MOHAN RAM GOENKA / MOHAN RAM GOENKA.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone and Consolidated Financial Statements of the Company for the year ended March 31, 2026 and the Reports of the Board of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.24% · promoters 100.00% · institutions 0.00% · other public 22.81%

  2. To appoint a Director in place of Ms. Nandini Nopany (DIN: 00051362), who retires by rotation and being eligible, offer herself for re-appointment.
    Special
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.45%

    Turnout: all 73.56% · promoters 98.99% · institutions 0.00% · other public 22.81%

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, 23 Sep 2025, 5 resolutions

5,906 shareholders on the register on 16 Sep 2025; present: 25 promoters and 26 others; votes counted by MOHAN RAM GOENKA / MOHAN RAM GOENKA.The company's voting result (opens in a new tab)

  1. Adoption of Standalone and Consolidated Audited Financial Statements of the Company for the year ended March 31, 2025
    Ordinary
    99.65% for0.35% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.05%

    Turnout: all 75.35% · promoters 100.00% · institutions 0.00% · other public 26.14%

  2. Re-appointment of Mr. Brij Mohan Agarwal (DIN: 03101758) as Director of the Company
    Ordinary
    99.63% for0.37% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.20%

    Turnout: all 75.35% · promoters 100.00% · institutions 0.00% · other public 26.14%

  3. To approve the Appointment the Secretarial Auditors of the Company
    Ordinary
    99.63% for0.37% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.18%

    Turnout: all 75.35% · promoters 100.00% · institutions 0.00% · other public 26.14%

  4. To approve Material Related Party Transaction(s) between the Company and Morton Foods Limited
    OrdinaryPromoters have an interest in it
    96.82% for3.18% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.18%

    Turnout: all 8.71% · promoters 0.00% · institutions 0.00% · other public 26.14%

  5. To approve related Party Transaction(s) between the Company and Palash Securities Limited
    OrdinaryPromoters have an interest in it
    96.82% for3.18% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.18%

    Turnout: all 8.71% · promoters 0.00% · institutions 0.00% · other public 26.14%

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, 23 Aug 2024, 4 resolutions

Present: 25 promoters and 29 others.The company's voting result (opens in a new tab)

  1. Adoption of Standalone and Consolidated Audited Financial Statements of the Company for the year ended March 31, 2024
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.08% · promoters 100.00% · institutions 0.00% · other public 25.38%

  2. To re-appoint Mrs. Nandini Nopany (DIN: 00051362), who has attained the age of seventy five years and retires by rotation, as a Director.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 74.40% · promoters 98.99% · institutions 0.00% · other public 25.38%

  3. To approve material related party transaction(s)
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 21.82% · promoters 20.08% · institutions 0.00% · other public 25.38%

  4. To approve payment of remuneration to Mrs. Urvi Mittal, Managing Director as minimum remuneration under Schedule V of the Companies Act, 2013
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 74.62% · promoters 99.31% · institutions 0.00% · other public 25.38%

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.

Postal ballot, 22 Mar 2024, 2 resolutions

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

  1. Re-appointment of Mr. Chhedi Lal Agarwal (DIN: 07778603) as an Independent Director and continuation of his directorship
    Special
    98.60% for1.40% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.14%

    Turnout: all 73.99% · promoters 100.00% · institutions 0.00% · other public 22.03%

  2. Re-appointment of Mrs. Urvi Mittal (DIN: 02780842) as the Managing Director of the Company
    Special
    98.59% for1.41% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.14%

    Turnout: all 73.53% · promoters 99.31% · institutions 0.00% · other public 22.03%

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, 28 Jul 2023, 4 resolutions

Present: 24 promoters and 22 others.The company's voting result (opens in a new tab)

  1. Adoption of Standalone and Consolidated Audited Financial Statements of the Company for the year ended March 31, 2023
    Ordinary
    98.63% for1.37% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.04%

    Turnout: all 75.17% · promoters 100.00% · institutions 0.00% · other public 25.58%

  2. To appoint a Director in place of Mr. Brij Mohan Agarwal (DIN: 03101758), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    98.63% for1.37% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.04%

    Turnout: all 75.17% · promoters 100.00% · institutions 0.00% · other public 25.58%

  3. To make loan(s) and to give guarantee(s), provide security (ies) or make investment(s) in terms of Section 186 of the Companies Act, 2013
    SpecialPromoters have an interest in it
    98.63% for1.37% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.04%

    Turnout: all 75.17% · promoters 100.00% · institutions 0.00% · other public 25.58%

  4. To approve material related party transaction
    OrdinaryPromoters have an interest in it
    95.31% for4.69% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.04%

    Turnout: all 21.91% · promoters 20.08% · institutions 0.00% · other public 25.58%

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, 18 Jul 2022, 4 resolutions

Present: 22 promoters and 34 others.The company's voting result (opens in a new tab)

  1. Adoption of Standalone and Consolidated Audited Financial Statements of the Company for the year ended March 31, 2022
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.09% · promoters 100.00% · institutions 0.00% · other public 22.36%

  2. Declaration of Dividend on the 8.5% Non-Convertible Cumulative Redeemable Preference Shares of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.09% · promoters 100.00% · institutions 0.00% · other public 22.36%

  3. Appointment of a Director in place of Mrs Nandini Nopany (DIN: 00051362), who retires by rotation and being eligible, offers herself for re-appointment and continuation of her directorship
    Special
    100.00% for0.00% against

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

    Turnout: all 71.79% · promoters 96.55% · institutions 0.00% · other public 22.36%

  4. Appointment of M/s. J K V S & Co., Chartered Accountants (Registration No. 318086E), as the Statutory Auditors of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.09% · promoters 100.00% · institutions 0.00% · other public 22.36%

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, 13 Mar 2022, 4 resolutions

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

  1. Re-appointment of Mr. Dhiraj Ramakant Banka (DIN: 07642329) as an Independent Director
    Special
    98.56% for1.44% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.02%

    Turnout: all 71.53% · promoters 100.00% · institutions 0.00% · other public 21.66%

  2. Re-appointment of Mr. Arun Kumar Newar (DIN: 07778968) as an Independent Director and continuation of his directorship
    Special
    98.56% for1.44% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.02%

    Turnout: all 71.53% · promoters 100.00% · institutions 0.00% · other public 21.66%

  3. Appointment of Mr. Brij Mohan Agarwal (DIN: 03101758) as a Non-Executive Director
    Ordinary
    98.56% for1.44% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.02%

    Turnout: all 71.53% · promoters 100.00% · institutions 0.00% · other public 21.66%

  4. Continuation of Mrs Nandini Nopany (DIN: 00051362) as Non-Executive Director.
    Special
    98.51% for1.49% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.02%

    Turnout: all 68.85% · promoters 95.83% · institutions 0.00% · other public 21.66%

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 2021, 3 resolutions

Present: 25 promoters and 40 others.The company's voting result (opens in a new tab)

  1. Consideration and adoption of the :na. the Audited Standalone Financial Statements of the Company for the year ended 31st March, 2021 and the Reports of the Directors and Auditors thereon;nb. the Audited Consolidated Financial Statements of the Company for the year ended 31st March, 2021 and the Reports of the Auditors thereon.nMoreLess
    Ordinary
    98.51% for1.49% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.05%

    Turnout: all 69.07% · promoters 100.00% · institutions 0.00% · other public 20.86%

  2. Appointment of a Director in place of Mrs Nandini Nopany (DIN: 00051362), who retires by rotation and being eligible, offers herself for re-appointment
    Ordinary
    98.46% for1.54% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.06%

    Turnout: all 66.66% · promoters 96.09% · institutions 0.00% · other public 20.86%

  3. Appointment of Mrs Urvi Mittal (DIN: 02780842), as the Managing Director of the Company for a term of three years
    Special
    98.51% for1.49% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.08%

    Turnout: all 68.96% · promoters 99.81% · institutions 0.00% · other public 20.86%

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 2 complaints open, quarter to Jun 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
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.