Gokul Refoils and Solvent logo

Gokul Refoils and Solvent CEO, MD, chairman, board of directors and AGM

NSE: GOKULBSE: 532980Agricultural Food & other ProductsSmall Cap

Last close ₹33.83down ₹1.19 (3.40%)BSE ₹34.01

Share price at the NSE close on 23 Oct 2026. Previous close ₹35.02.

52-week range of traded prices to 23 Oct 2026
₹31.00Low, 13 Feb 2026₹46.80High, 24 Aug 2026
Market cap
₹335 Cr1,995th largest listed
P/E
16.2
P/B
0.9
Dividend yield
Nonein the last 12 months
ROE
5.8%
ROCE
3.8%
Debt to equity
1.05
Volume, NSE
1,89,35023.5% delivered

Gokul Refoils and Solvent 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

  • Managing directorDHARMENDRASINH RAJPUT
  • Chief executiveSHAUNAK BHIKHALAL MANDALIA
  • Company Secretary and Compliance OfficerNikhilkumar Vadera

6 directors3 independent3 executive

  • DHARMENDRASINH RAJPUT · Managing directorExecutive · joined Jun 2016 · reappointed Jun 2026 · 1 listed board
  • ARJUNSINH RAJPUTExecutive · joined May 2025 · 1 listed board
  • SHAUNAK BHIKHALAL MANDALIA · Chief executiveExecutive · joined Jan 2020 · reappointed Jun 2025 · 2 listed boards · 1 as independent · 3 committee seats
  • MANSI VIRAL PARIKHIndependent · joined Sep 2026 · 0 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • JAYENDRASINH PRATAPSINH GHARIAIndependent · joined Nov 2021 · 58 months as independent · 1 listed board · 1 as independent
  • PANKAJ GRANTHSINGH KUMARIndependent · joined Aug 2025 · reappointed Aug 2026 · 14 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.

3 directors who left
  • CHETNA RAHUL VYAS, left 9 Sep 2026: Tenure Completion
  • Parth Pareshbhai Shah, left 25 Nov 2025: Tenure Completion
  • Balvantsinh Rajput, left 31 May 2025: Others

Committees and meetings

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

  • Board

    • 13 Aug 20266 of 6 present3 independent · 76 days in between
    • 28 May 20265 of 6 present3 independent

  • Audit Committee

    Chair JAYENDRASINH PRATAPSINH GHARIA

    MANSI VIRAL PARIKH, SHAUNAK BHIKHALAL MANDALIA

    • 13 Aug 20263 of 3 present2 independent · 76 days in between
    • 28 May 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair JAYENDRASINH PRATAPSINH GHARIA

    MANSI VIRAL PARIKH, PANKAJ GRANTHSINGH KUMAR

    • 13 Aug 20263 of 3 present3 independent · 76 days in between
    • 28 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair JAYENDRASINH PRATAPSINH GHARIA

    MANSI VIRAL PARIKH, PANKAJ GRANTHSINGH KUMAR

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair DHARMENDRASINH RAJPUT

    SHAUNAK BHIKHALAL MANDALIA, MANSI VIRAL PARIKH

    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/s. M.R.Pandhi & AssociatesPeer-review certificate valid to Sep 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.

Gokul Refoils and Solvent 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.Gokul Refoils and Solvent dividend history

Annual general meeting, 29 Sep 2026

20,797 shareholders on the register on 22 Sep 2026; present: 1 promoter and 41 others; votes counted by Yash Mehta / Yash Mehta & Associates.The company's voting result (opens in a new tab)

  1. 1 - To Receive, Consider and Adopt a) Approve The Audited Financial Statement of the Company for the financial year ended March 31, 2026, and the reports of the Board of Directors and Auditors thereon; and b) The Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2026, and the reports of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.20% · promoters 86.43% · institutions 32.47% · other public 47.53%

  2. 2 - To appoint a director in place of Mr. Shaunak Bhikhalal Mandalia (DIN: 06649347), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.20% · promoters 86.43% · institutions 32.47% · other public 47.53%

  3. 3 - Re-appointment of Mr. Jayendrasinh Pratapsinh Gharia (DIN: 05227700), as an Independent Director of the Company
    Special
    99.69% for0.31% against

    Against: promoters 0.00% · institutions 93.99% · other public 0.00%

    Turnout: all 76.20% · promoters 86.43% · institutions 32.47% · other public 47.53%

  4. 4 - Appointment of Mrs. Mansi Viral Parikh (DIN: 11790922) as an Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 76.20% · promoters 86.43% · institutions 32.47% · other public 47.53%

  5. 5 - To consider, and, if thought fit, approve the material related party transaction(s) proposed to be entered into by the Company along with its subsidiary during the FY 2026-27
    OrdinaryPromoters have an interest in it
    98.04% for1.96% against

    Against: promoters 0.00% · institutions 93.99% · other public 0.00%

    Turnout: all 12.24% · promoters 0.00% · institutions 32.47% · other public 47.53%

  6. 6 - To consider, and, if thought fit, approve the material related party transaction(s) proposed to be entered into by the Company along with its subsidiary during the FY 2026-27
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 12.24% · promoters 0.00% · institutions 32.47% · other public 47.53%

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, 2 Jul 2026, 2 resolutions

21,429 shareholders on the register on 29 May 2026; votes counted by Yash Mehta / Yash Mehta & Associates.The company's voting result (opens in a new tab)

  1. To re-appoint Mr. Dharmendrasinh Rajput (DIN: 03050088) as the Managing Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 77.25% · promoters 86.35% · institutions 92.31% · other public 51.53%

  2. To re-appoint Mr. Pankaj Granthsingh Kumar (DIN: 0310881) as an Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 77.25% · promoters 86.35% · institutions 92.31% · other public 51.53%

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, 21 Aug 2025, 8 resolutions

22,633 shareholders on the register on 14 Aug 2025; present: 3 promoters and 43 others; votes counted by Yash Mehta / Yash Mehta & Associates.The company's voting result (opens in a new tab)

  1. a) Approve The Audited Financial Statement of the Company for the financial year ended March 31, 2025, and the reports of the Board of Directors and Auditors thereon; and b) The Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2025, and the reports of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 86.06% · promoters 100.00% · institutions 91.43% · other public 48.28%

  2. To appoint a Director in place of Mr. Dharmendrasinh Rajput (DIN: 03050088), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 86.06% · promoters 100.00% · institutions 91.43% · other public 48.28%

  3. To Regularize Additional Director Mr. Arjunsinh Rajput (DIN 08321809), as a Director of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 86.06% · promoters 100.00% · institutions 91.43% · other public 48.28%

  4. To Appoint Mr. Shaunak Mandalia (DIN: 06649347) as Executive Director, Chief Executive Officer (CEO), and Key Managerial Personnel (KMP).
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 86.06% · promoters 100.00% · institutions 91.43% · other public 48.28%

  5. To re-appoint Mrs. Chetna Rahul Vyas (DIN 10745894), as an Independent Director of the Company for the Second term.
    Special
    100.00% for0.00% against

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

    Turnout: all 86.06% · promoters 100.00% · institutions 91.43% · other public 48.28%

  6. Appointment of Mr. Pankaj Kumar (DIN 01390881), as an Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 86.06% · promoters 100.00% · institutions 91.43% · other public 48.28%

  7. To Appoint M/s. Agarwal and Mehta Company Secretaries LLP, Practicing Company Secretary Firm to conduct the Secretarial Audit for Five Consecutive Year
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 86.06% · promoters 100.00% · institutions 91.43% · other public 48.28%

  8. To approve the material related party transaction(s) proposed to be entered into by the Company or its subsidiary during the Financial Year 2025-26.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 86.06% · promoters 100.00% · institutions 91.43% · other public 48.28%

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 2024, 4 resolutions

Present: 1 promoter and 37 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statement of the Company for the financial year ended March 31, 2024, and the reports of the Board of Directors and Auditors thereon; and The Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2024, and the reports of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 83.33% · promoters 100.00% · institutions 87.31% · other public 33.77%

  2. To appoint a Director in place of Mr. Balvantsinh Chandansinh Rajput (DIN: 00315565), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 83.33% · promoters 100.00% · institutions 87.31% · other public 33.77%

  3. Appointment of Mrs. Chetna Rahul Vyas (DIN: 10745894), as an Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 83.33% · promoters 100.00% · institutions 87.31% · other public 33.77%

  4. To consider and if thought fit, approve the material related party transaction(s) proposed to be entered into by the Company or its subsidiary during the Financial Year 2024-25
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

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

    Turnout: all 8.71% · promoters 0.00% · institutions 87.31% · other public 33.77%

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, 12 Jan 2024, 1 resolution

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

  1. Alteration of the Main Object Clause of Memorandum of Association of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 79.83% · promoters 100.00% · institutions 0.00% · other public 28.49%

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.

Annual general meeting, 22 Sep 2023, 4 resolutions

Present: 4 promoters and 37 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statement of the Company for the financial year ended March 31, 2023, and the reports of the Board of Directors and Auditors thereon; and The Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2023, and the reports of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.60% · promoters 100.00% · institutions 92.57% · other public 20.33%

  2. To appoint a Director in place of Mr. Dharmendrasinh Balvantsinh Rajput (DIN: 03050088), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.60% · promoters 100.00% · institutions 92.57% · other public 20.33%

  3. Appointment of Mr. Dharmendrasinh Rajput (DIN 03050088) as Managing Director & Whole Time Key Managerial Personnel of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.60% · promoters 100.00% · institutions 92.57% · other public 20.33%

  4. To consider and if thought fit, approve the material related party transaction(s) proposed to be entered into by the Company or its subsidiary during the Financial Year 2023-24
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 21.73% · promoters 22.18% · institutions 92.57% · other public 20.33%

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 2022, 6 resolutions

Present: 4 promoters and 40 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone and Consolidated Audited Financial Statements and the reports of the Board of Directors and Auditors thereon for the financial year ended March 31, 2022
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 78.30% · promoters 99.59% · institutions 37.25% · other public 23.18%

  2. To appoint a Director in place of Mr. Shaunak Mandalia (DIN: 06649347), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.01%

    Turnout: all 78.30% · promoters 99.59% · institutions 37.25% · other public 23.18%

  3. To appoint the Statutory Auditors of the Company and fix their remuneration
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 78.30% · promoters 99.59% · institutions 37.25% · other public 23.18%

  4. Appointment of Mr. Jayendrasinh Gharia (DIN- 05227700), as an Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 78.30% · promoters 99.59% · institutions 37.25% · other public 23.18%

  5. To approve the material related party transaction(s) proposed to be entered into by the Company or its subsidiary during the Financial Year 2022-23
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 78.30% · promoters 99.59% · institutions 37.25% · other public 23.18%

  6. To give approval for giving loan or guarantee or providing security in connection with loan availed by any of the companys subsidiaries or any other person specified under section 185 of the companies act, 2013MoreLess
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.10%

    Turnout: all 78.30% · promoters 99.59% · institutions 37.25% · other public 23.18%

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 2021, 5 resolutions

Present: 4 promoters and 45 others.The company's voting result (opens in a new tab)

  1. Ordinary Resolution for adoption of Standalone and Consolidated Audited Financial Statements for the year ended 31stnMarch, 2021
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.00% · promoters 99.59% · institutions 0.00% · other public 26.80%

  2. To appoint a Director in place of Mr. Balvantsinh Rajput (DIN: 00315565), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.00% · promoters 99.59% · institutions 0.00% · other public 26.80%

  3. Re-appointment of Mr. Balvantsinh Rajput(DIN: 00315565), as Managing Director of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.00% · promoters 99.59% · institutions 0.00% · other public 26.80%

  4. Re-appointment of Mr. Dharmendrasinh Rajput (DIN-03050088) as a whole time director designated as an Executive Director of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.00% · promoters 99.59% · institutions 0.00% · other public 26.80%

  5. Appointment of Mr. Parth Shah (DIN- 08958666), as an Independent Director of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.00% · promoters 99.59% · institutions 0.00% · other public 26.80%

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

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
No
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.