Garuda Construction and Engineering logo

Garuda Construction and Engineering MD, chairman, board of directors and AGM

NSE: GARUDABSE: 544271RealtySmall Cap

Last close ₹139.39down ₹6.25 (4.29%)BSE ₹139.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹145.64.

52-week range of traded prices to 23 Oct 2026
₹130.00Low, 30 Mar 2026₹249.30High, 7 Nov 2025
Market cap
₹1,297 Cr1,259th largest listed
P/E
9.5
P/B
2.9
Dividend yield
0.02%
ROE
34.6%
ROCE
39.3%
Debt to equity
0.03
Volume, NSE
4,56,91748.9% delivered

Garuda Construction and Engineering 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 directorPravinkumar Brijendra Kumar Agarwal

5 directors2 independent2 executive1 non-executive

  • Pravinkumar Brijendra Kumar Agarwal · Chairperson and managing directorExecutive · joined Jul 2016 · reappointed Sep 2023 · 1 listed board · 2 committee seats
  • Deepak KumarNon-executive · joined Nov 2021 · reappointed Sep 2023 · 2 listed boards
  • Venkateshkumar K TirupatipanyamIndependent · joined Sep 2023 · 34 months as independent · 1 listed board · 1 as independent
  • Rohit Ramanad PareekExecutive · joined Dec 2024 · reappointed Apr 2025 · 1 listed board
  • Dhruti Harsh SatiaIndependent · joined Apr 2026 · reappointed Jun 2026 · 1 month as independent · 3 listed boards · 3 as independent · 5 committee seats, 2 as chair

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.

4 directors who left
  • Priyanka Yadav, left 3 Apr 2026: Others
  • Krishnakumar Laxman Bangera, left 1 Apr 2026: Others
  • Rajvirendra Singh Rajpurohit, left 1 May 2025: Others
  • Mohit Kapoor, left 11 Oct 2024: Others

Committees and meetings

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

  • Board

    • 8 Jun 20266 of 6 present3 independent · 8 days in between
    • 30 May 20265 of 5 present2 independent · 11 days in between
    • 18 May 20265 of 5 present2 independent · 12 days in between
    • 5 May 20265 of 5 present2 independent · 13 days in between
    4 earlier meetings
    • 21 Apr 20264 of 4 present1 independent · 11 days in between
    • 9 Apr 20264 of 4 present1 independent · 6 days in between
    • 2 Apr 20265 of 5 present2 independent · 48 days in between
    • 12 Feb 20266 of 6 present3 independent
  • Audit Committee

    Chair Krishnakumar Laxman Bangera

    Dhruti Harsh Satia, Pravinkumar Brijendra Kumar Agarwal

    • 8 Jun 20263 of 3 present2 independent · 67 days in between
    • 1 Apr 20263 of 3 present2 independent · 57 days in between
    • 2 Feb 20263 of 3 present2 independent
  • Nomination and remuneration committee

    Chair Dhruti Harsh Satia

    Deepak Kumar, Krishnakumar Laxman Bangera

    • 8 Jun 20263 of 3 present2 independent · 60 days in between
    • 8 Apr 20262 of 2 present1 independent · 64 days in between
    • 2 Feb 20263 of 3 present2 independent
  • Stakeholders Relationship Committee

    Chair Dhruti Harsh Satia

    Pravinkumar Brijendra Kumar Agarwal, Krishnakumar Laxman Bangera

    • 8 Jun 20263 of 3 present2 independent
  • Corporate Social Responsibility Committee

    Chair Pravinkumar Brijendra Kumar Agarwal

    Venkateshkumar K Tirupatipanyam, Krishnakumar Laxman Bangera

    • 8 Jun 20263 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.

  • Agarwal Tibrewal & CoPeer-review certificate valid to Jul 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.

Garuda Construction and Engineering 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.Garuda Construction and Engineering dividend history

Annual general meeting, 30 Sep 2026

51,062 shareholders on the register on 23 Sep 2026; present: 5 promoters and 34 others; votes counted by Vipin Kumar Chhawchhriya / M/s VC & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 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 March 31, 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 0.00%

    Turnout: all 72.04% · promoters 100.00% · institutions 0.42% · other public 14.95%

  2. To appoint a Director in place of Mr. Rohit Ramanand Pareek (DIN: 10881263), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers himself for re-appointment.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.04% · promoters 100.00% · institutions 0.42% · other public 14.95%

  3. Appointment of M/s. Ketan Vyas & Company, Company Secretaries, as the Secretarial Auditors of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.04% · promoters 100.00% · institutions 0.42% · other public 14.95%

  4. Approval for Related Party Transactions
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.39%

    Turnout: all 72.04% · promoters 100.00% · institutions 0.42% · other public 14.95%

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, 6 Jun 2026, 2 resolutions

49,043 shareholders on the register on 1 May 2026; votes counted by Vipin Kumar Chhawchhriya / M/s VC & Associates.The company's voting result (opens in a new tab)

  1. APPOINTMENT OF MR. KRISHNAKUMAR LAXMAN BANGERA (DIN: 02082675) AS NON-EXECUTIVE INDEPENDENT DIRECTOR (INCLUDING APPROVAL UNDER REGULATION 17(1A) OF SEBI LODR REGULATIONS)
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.87%

    Turnout: all 67.65% · promoters 100.00% · institutions 0.00% · other public 0.30%

  2. REGULARIZATION OF THE APPOINTMENT OF MRS. DHRUTI HARSH SATIA (DIN: 11670095) AS NON-EXECUTIVE INDEPENDENT (WOMAN) DIRECTOR OF THE COMPANY
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.96%

    Turnout: all 67.65% · promoters 100.00% · institutions 0.00% · other public 0.30%

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.

Extraordinary general meeting, 1 Dec 2025, 3 resolutions

50,714 shareholders on the register on 24 Nov 2025; present: 6 promoters and 44 others; votes counted by Vipin Kumar Chhawchhriya / VC and Associates.The company's voting result (opens in a new tab)

  1. RAISING OF FUNDS THROUGH ISSUE OF EQUITY SHARES
    Special
    100.00% for0.00% against

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

    Turnout: all 72.93% · promoters 100.00% · institutions 18.29% · other public 16.32%

  2. INCREASE IN AUTHORISED SHARE CAPITAL AND CONSEQUENT ALTERATION TO THE CAPITAL CLAUSE OF THE MEMORANDUM OF ASSOCIATION
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.93% · promoters 100.00% · institutions 18.29% · other public 16.32%

  3. Approval for Related Party Transactions
    OrdinaryPromoters have an interest in it
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 5.36% · promoters 0.00% · institutions 18.29% · other public 16.32%

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

49,453 shareholders on the register on 19 Sep 2025; present: 4 promoters and 35 others; votes counted by Vipin Kumar Chhawchhriya / VC and Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company, for the year ended March 31, 2025 together with the Boards’ Report and Auditors' Report thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 0.95% · promoters 0.00% · institutions 18.17% · other public 0.76%

  2. To appoint a director in place of Mr Deepak Kumar DIN 09292428 Non Executive Non Independent Director of the Company who retires by rotation and being eligible offers himself for re-appointment
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 0.95% · promoters 0.00% · institutions 18.17% · other public 0.76%

  3. Approval for Related Party Transactions
    OrdinaryNot passedPromoters have an interest in it
    29.59% for70.41% against

    Against: promoters 0.00% · institutions 89.01% · other public 7.55%

    Turnout: all 0.95% · promoters 0.00% · institutions 18.17% · other public 0.76%

  4. To appoint Ms Akruti Somani Practicing Company Secretaries Membership No 54612 and COP No 20395 as Secretarial Auditor of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 0.95% · promoters 0.00% · institutions 18.17% · other public 0.76%

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, 18 Apr 2025, 2 resolutions

44,707 shareholders on the register on 7 Mar 2025; votes counted by Vipin Kumar Chhawchhriya / M/s VC & Associates.The company's voting result (opens in a new tab)

  1. APPOINTMENT OF MR. KRISHNAKUMAR LAXMAN BANGERA (DIN: 02082675) AS AN INDEPENDENT NON- EXECUTIVE DIRECTOR OF THE COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.40%

    Turnout: all 68.55% · promoters 100.00% · institutions 17.45% · other public 0.20%

  2. REGULARIZATION OF MR. ROHIT RAMANAND PAREEK (DIN: 10881263) AS WHOLE TIME DIRECTOR OF THE COMPANY.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.37%

    Turnout: all 68.55% · promoters 100.00% · institutions 17.45% · other public 0.20%

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.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 1 Dec 2025, 1 fund house

  • RAISING OF FUNDS THROUGH ISSUE OF EQUITY SHARES
    1 for0 against
  • INCREASE IN AUTHORISED SHARE CAPITAL AND CONSEQUENT ALTERATION TO THE CAPITAL CLAUSE OF THE MEMORANDUM OF ASSOCIATION
    1 for0 against
  • Approval for Related Party Transactions
    1 for0 against

Mutual fund votes, meeting of 27 Sep 2025, 1 fund house

  • To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company, for the year ended March 31, 2025 together with the Boards’ Report and Auditors' Report thereonMoreLess
    1 for0 against
  • To appoint a director in place of Mr Deepak Kumar DIN 09292428 Non Executive Non Independent Director of the Company who retires by rotation and being eligible offers himself for re-appointment
    1 for0 against
  • Approval for Related Party Transactions
    Against Trust Mutual Fund
    • Trust Mutual FundNon-Compliant with SEBI Circular: Omnibus approval sought for a duration of more than one year; Governance and Transparency concern: Basis for Arm’s Length pricing is not disclosed; Lack of clarity regarding Audit Committee Approval.
    0 for1 against
  • To appoint Ms Akruti Somani Practicing Company Secretaries Membership No 54612 and COP No 20395 as Secretarial Auditor of the Company
    1 for0 against
1 earlier meeting

Mutual fund votes, meeting of 18 Apr 2025, 1 fund house

  • APPOINTMENT OF MR. KRISHNAKUMAR LAXMAN BANGERA (DIN: 02082675) AS AN INDEPENDENT NON- EXECUTIVE DIRECTOR OF THE COMPANY
    1 for0 against
  • REGULARIZATION OF MR. ROHIT RAMANAND PAREEK (DIN: 10881263) AS WHOLE TIME DIRECTOR OF THE COMPANY.
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines and tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyNational Stock Exchange of India LimitedSince 10 Apr 2026

    Fine Imposed

    The Company has made delay of 2 days in submission of Corporate Governnace Report in accordance with Regulation 13(3) of SEBI (LODR), Regulations, 2015 in the specified time frame
  • Fine or penaltyNational Stock Exchange of India LimitedSince 10 Apr 2026

    Fine Imposed

    The Company has made delay of 2 days in submission of Corporate Governnace Report in accordance with Regulation 27(2) of SEBI (LODR), Regulations, 2015 in the specified time frame
  • Fine or penaltyBombay Stock Exchange LimitedSince 10 Apr 2026

    Fine Imposed

    The Company has made delay of 2 days in submission of Corporate Governnace Report in accordance with Regulation 13(3) of SEBI (LODR), Regulations, 2015 in the specified time frame
  • Fine or penaltyBombay Stock Exchange LimitedSince 10 Apr 2026

    Fine Imposed

    The Company has made delay of 2 days in submission of Corporate Governnace Report in accordance with Regulation 27(2) of SEBI (LODR), Regulations, 2015 in the specified time frame
  • Fine or penaltyNational Stock Exchange of India LimitedSince 15 Jun 2026

    Fine Imposed

    The Company was not in compliance with the provisions of Regulations 29(2) and 29(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Tax disputeIncome Tax, NFACSince 30 Mar 2019
    The appeal is filed with Commissioner of Income Tax Appeals Faceless and is pending before the forum
    At the filing before: 1. Expenses claimed in Section 43B dis-allowed as per Tax Audit Report. 2. Purchase claimed from the Suppliers who have not filed the Income Tax Returns. 3. Dis-allowance of Labours and Work Contract Charges.MoreLess
  • Tax disputeIncome Tax, NFACSince 16 Mar 2024
    The appeal is filed with Income Tax Appellate Tribunal Mumbai and is pending before the Forum.
    At the filing before: Dis-Allowance of Sales and Purchase as per Section 69C
  • Tax disputeIncome Tax, NFACSince 4 Feb 2025
    The appeal is filed with Commissioner of Income Tax Appeals Faceless and is pending before the forum
    At the filing before: Dis-Allowance of Purchases made from the Suppliers
3 more
  • Tax disputeIncome Tax, NFACSince 20 Mar 2025
    The appeal is filed with Commissioner of Income Tax Appeals Faceless and is pending before the forum
    At the filing before: 1. Dis-Allowance of the Purchase claimed from the suppliers who did not file ITR. 2. Dis-allowance of Direct Expenses in proprotion to dis-allowance of Purchase. 3. Dis-allowance of 10% of Labour and Works Contract ExpensesMoreLess
  • Tax disputeJoint CommissionerSince 27 Jan 2025
    The appeal is filed and is Pending with the First Appeal Authority of Delhi
    At the filing before: Dis-allowance of Input Tax Credit claimed from Non Genuine Tax Payer
  • Tax disputeJoint CommissionerSince 24 Jan 2024
    The appeal is filed and is pending before First Appeal Authority of Mumbai
    At the filing before: Dis-allowance of Input tax credit as per Section 16(4)

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
Yes
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.

How money raised was used

Reported for the quarter to Jun 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Public IssuesOct 2024, checked by Acuite Ratings & Research Limited173.85Working capital100.00100.00No
Public IssuesOct 2024, checked by Acuite Ratings & Research Limited173.85General Corporate Purposes and unidentified inorganic acquisitions59.6759.67No
₹ 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.