Garnet International logo

Garnet International MD, chairman, board of directors and AGM

BSE: 512493FinanceSmall Cap

Last close ₹50.45down ₹0.44 (0.86%)

Share price at the BSE close on 22 Oct 2026. Previous close ₹50.89.

52-week range of traded prices to 22 Oct 2026
₹42.00Low, 9 Jan 2026₹118.45High, 23 Oct 2025
Market cap
₹99 Cr2,804th largest listed
P/E
31.5
P/B
2.3
Dividend yield
Nonein the last 12 months
ROE
7.8%
ROCE
4.5%
Debt to equity
0.02
Volume, BSE
219

Garnet International 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

  • ChairpersonSURESH GAGGAR
  • Managing directorRAMAKANT GAGGAR

6 directors3 independent3 executive

  • SURESH GAGGAR · ChairpersonExecutive · joined Mar 1996 · 1 listed board · 1 as independent · 1 committee seat
  • RAMAKANT GAGGAR · Managing directorExecutive · joined Sep 2007 · reappointed May 2023 · 2 listed boards · 1 as independent · 2 committee seats
  • SANDHYA LOTLIKARIndependent · joined Jan 2019 · reappointed Jan 2024 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • VISHNU KANT BHANGADIAIndependent · joined May 2019 · reappointed May 2024 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • NAVRATAN GAGGARExecutive · joined Oct 2021 · 1 listed board
  • SURESH KUMAR GAURIndependent · joined Mar 2024 · 60 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.

Committees and meetings

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

  • Board

    • 24 Sep 20266 of 6 present3 independent · 40 days in between
    • 14 Aug 20266 of 6 present3 independent · 44 days in between
    • 30 Jun 20266 of 6 present3 independent
  • Audit Committee

    Chair VISHNU KANT BHANGADIA

    SANDHYA LOTLIKAR, SURESH KUMAR GAUR, RAMAKANT GAGGAR

    • 14 Aug 20266 of 6 present3 independent · 75 days in between
    • 30 May 20266 of 6 present3 independent
  • Nomination and remuneration committee

    Chair SURESH KUMAR GAUR

    VISHNU KANT BHANGADIA, SANDHYA LOTLIKAR

    • 14 Aug 20266 of 6 present3 independent
    • 30 May 20266 of 6 present3 independent
  • Stakeholders Relationship Committee

    Chair VISHNU KANT BHANGADIA

    SANDHYA LOTLIKAR, SURESH KUMAR GAUR, RAMAKANT GAGGAR

    • 14 Aug 20266 of 6 present3 independent
    • 30 May 20266 of 6 present3 independent
  • Corporate Social Responsibility Committee

    Chair SURESH GAGGAR

    SANDHYA LOTLIKAR, SURESH KUMAR GAUR, RAMAKANT GAGGAR

    • 14 Aug 20266 of 6 present3 independent
    • 30 May 20266 of 6 present3 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.

Garnet International 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.Garnet International dividend history

Annual general meeting, 30 Sep 2026

2,633 shareholders on the register on 23 Sep 2026; present: 5 promoters and 24 others; votes counted by SIDHARTH SHARMA / SIDDHARTH SHARMA & ASSOCIATES.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, 2026, together with the Report of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · other public 1.24%

    Turnout: all 44.28% · promoters 90.29% · other public 0.00%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026, together with the Report of the Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · other public 1.24%

    Turnout: all 44.28% · promoters 90.29% · other public 0.00%

  3. To appoint a director in place of Mr. Ramakant Gaggar (DIN: 01019838), who retires by rotation and, being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · other public 1.24%

    Turnout: all 44.28% · promoters 90.29% · other public 0.00%

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.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeIncome Tax DepartmentSince 19 Mar 2024
    The matter is pending before CIT(A)
    At the filing before: Certain Exemptions for FY 2017-18 were disallowed by tax authorities, and the Company's appeal is pending before CIT(A). Quantum of claim(s) ,if any : The aggregate amount under the litigation is Rs. 102371200.MoreLess

In the company's own words, from its latest governance filing.

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

None open at any 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
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.