Garg Furnace MD, chairman, board of directors and AGM
BSE: 530615Industrial ProductsSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹184.20.
- 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.
- ₹123 Cr3,181st 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
- 11.3
- 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 company's own balance sheet from before it began consolidating; the two agree where both are first on record. The filing of 14 Aug 2026
- 13.6%
- 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
- 8.8%
- 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 30 May 2026
- 0.13
- Volume, BSEVolume. Shares traded on the last trading day.
- 4,092
Garg Furnace 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 directorDEVINDER GARG
- Managing directorTOSHAK GARG
6 directors3 independent3 executive
- DEVINDER GARG · Chairperson and managing directorExecutive · joined Aug 2015 · reappointed Aug 2023 · 1 listed board
- VANEERA GARGExecutive · joined Nov 2015 · reappointed Aug 2023 · 1 listed board
- AMANDEEP KAURIndependent · joined Mar 2023 · 42 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 2 as chair
- TOSHAK GARG · Managing directorExecutive · joined Aug 2023 · 1 listed board
- SHRUTI GUPTAIndependent · joined Jul 2024 · 26 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 2 as chair
- MEHAK JAINIndependent · joined Aug 2025 · 13 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
- PURTI KATYAL, left 14 Aug 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 15 Sep 20266 of 6 present3 independent · 31 days in between
- 14 Aug 20266 of 6 present3 independent · 13 days in between
- 31 Jul 20266 of 6 present3 independent · 24 days in between
- 6 Jul 20266 of 6 present3 independent · 12 days in between
4 earlier meetings
- 23 Jun 20266 of 6 present3 independent · 23 days in between
- 30 May 20266 of 6 present3 independent · 6 days in between
- 23 May 20266 of 6 present3 independent · 37 days in between
- 15 Apr 20266 of 6 present3 independent
Audit Committee
Chair AMANDEEP KAUR
SHRUTI GUPTA, MEHAK JAIN
- 14 Aug 20263 of 3 present3 independent · 13 days in between
- 31 Jul 20263 of 3 present3 independent · 61 days in between
- 30 May 20263 of 3 present3 independent
Nomination and remuneration committee
Chair AMANDEEP KAUR
SHRUTI GUPTA, MEHAK JAIN
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair AMANDEEP KAUR
SHRUTI GUPTA, MEHAK JAIN
- 6 Jul 20263 of 3 present3 independent
Corporate Social Responsibility Committee
Chair AMANDEEP KAUR
SHRUTI GUPTA, MEHAK JAIN
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.
- Ashwani & AssociatesPeer-review certificate valid to Jan 2029
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.
Garg Furnace 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.Garg Furnace share news and announcements
Annual general meeting, 29 Aug 2026
3,165 shareholders on the register on 22 Aug 2026; present: 4 promoters and 11 others; votes counted by POOJA DAMIR MIGLANI / PDM & ASSOCIATES.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Financial Statements for the financial year ended on 31.03.2026 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 57.19% · promoters 99.37% · institutions 0.00% · other public 1.49%
- To appoint Director in place of Smt. Vaneera Garg (DIN: 01283990) who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers herself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 57.19% · promoters 99.37% · institutions 0.00% · other public 1.49%
- Re-appointment of Cost Auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 57.19% · promoters 99.37% · institutions 0.00% · other public 1.49%
- To approve Material Related Party Transactions 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 0.64% · promoters 0.00% · institutions 0.00% · other public 1.49%
- Issue of warrants convertible into equity shares to the proposed allottees, 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 0.64% · promoters 0.00% · institutions 0.00% · other public 1.49%
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.