Gopal Snacks CEO, MD, chairman, board of directors and AGM
NSE: GOPALBSE: 544140Food ProductsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹243.15.
- Next results date: the board meets on 2 Nov 2026 to consider: financial results, dividend and other business matters.
- 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.
- ₹3,029 Cr901st 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 7 Aug 2026
- 36.1
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: 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, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹39 crore of one-off items, the largest of them in the quarter to Sep 2025.
- 67.5
- 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. The filing of 12 May 2026
- 6.3
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.41%
- 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 filing of 7 Aug 2026
- 19.0%
- ROE without one-offsReturn on equity without one-off items. Core profit, 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 less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹39 crore of one-off items, the largest of them in the quarter to Sep 2025.
- 10.2%
- 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 7 Aug 2026
- 12.1%
- 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 12 May 2026
- 0.32
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 65,97959.8% delivered
Gopal Snacks 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 directorBIPINBHAI VITHALBHAI HADVANI
- Chief executiveRAJ BIPINBHAI HADVANI
- Company Secretary and Compliance OfficerMayur Gangani
8 directors4 independent3 executive1 non-executive
- BIPINBHAI VITHALBHAI HADVANI · Chairperson and managing directorExecutive · joined Dec 2009 · reappointed Oct 2021 · 1 listed board · 2 committee seats
- DAKSHABEN BIPINBHAI HADVANIExecutive · joined Nov 2015 · reappointed Jun 2016 · 1 listed board · 1 committee seat
- RAJ BIPINBHAI HADVANI · Chief executiveExecutive · joined Nov 2022 · reappointed May 2023 · 1 listed board
- HARSH SURESHKUMAR SHAHNon-executive · joined Sep 2018 · reappointed Sep 2023 · 1 listed board
- RAJNIKANT CHIMANLAL DIWANIndependent · joined May 2023 · 23 months as independent · 2 listed boards · 2 as independent · 6 committee seats, 2 as chair
- NATWARLAL MEGHJIBHAI PATELIndependent · joined May 2023 · 23 months as independent · 1 listed board · 1 as independent · 1 committee seat
- BABUBHAI HARJIBHAI GHODASARAIndependent · joined May 2023 · 23 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- VIJAYALAKSHMI SALIL SUVARNAIndependent · joined May 2023 · 23 months as independent · 1 listed board · 1 as independent · 3 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
- 7 Aug 20267 of 8 present4 independent · 86 days in between
- 12 May 20268 of 8 present4 independent
Audit Committee
Chair RAJNIKANT CHIMANLAL DIWAN
NATWARLAL MEGHJIBHAI PATEL, BIPINBHAI VITHALBHAI HADVANI
- 7 Aug 20263 of 3 present2 independent · 86 days in between
- 12 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair BABUBHAI HARJIBHAI GHODASARA
VIJAYALAKSHMI SALIL SUVARNA, RAJNIKANT CHIMANLAL DIWAN
- 22 Sep 20263 of 3 present3 independent · 45 days in between
Stakeholders Relationship Committee
Chair BABUBHAI HARJIBHAI GHODASARA
BIPINBHAI VITHALBHAI HADVANI, DAKSHABEN BIPINBHAI HADVANI
No meeting listed in the filing.
Risk Management Committee
Chair BIPINBHAI VITHALBHAI HADVANI
NATWARLAL MEGHJIBHAI PATEL, RAJ BIPINBHAI HADVANI
- 7 Aug 20263 of 3 present1 independent · 191 days in between
- 27 Jan 20263 of 3 present1 independent
Corporate Social Responsibility Committee
Chair BIPINBHAI VITHALBHAI HADVANI
VIJAYALAKSHMI SALIL SUVARNA, RAJ BIPINBHAI HADVANI
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 Maheshwari & CoPeer-review certificate valid to Feb 2029
1 earlier auditor
- Maheshwari & Co.Named in the filing for the quarter to Mar 2025
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.
Gopal Snacks 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.Gopal Snacks dividend history
Annual general meeting, 18 Sep 2026
65,391 shareholders on the register on 11 Sep 2026; present: 3 promoters and 51 others; votes counted by CS Sanjay Kumar Joshi / S. K. Joshi & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and Statutory Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 87.66% · promoters 100.00% · institutions 61.92% · other public 19.14%
To confirm the first interim dividend of Rs.0.25 per equity share, i.e. 25%, declared by the Board of Directors on November 10, 2025, the second interim dividend of Rs.0.35 per equity share, i.e. 35%, declared by the Board of Directors on January 27, 2026 and the third interim dividend of Rs.0.40 per equity share, i.e. 40%, declared by the Board of Directors on May 12, 2026, aggregating to a sum of Rs.1.00 per equity share having face value of Rs. 1.00 each fully paid up for the financial year ended March 31, 2026, as approved by the Board of Directors respectively and already paid to the Members.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 87.66% · promoters 100.00% · institutions 61.92% · other public 19.14%
- To appoint a director in place of Mr. Harsh Sureshkumar Shah (DIN: 06470319) who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 87.66% · promoters 100.00% · institutions 61.92% · other public 19.14%
- Re-appointment of Mr. Bipinbhai Vithalbhai Hadvani (DIN: 02858118) as the Chairman and Managing Director (CMD) of the Company.SpecialPromoters have an interest in it99.54% for0.46% against
Against: promoters 0.00% · institutions 10.48% · other public 0.05%
Turnout: all 87.66% · promoters 100.00% · institutions 61.92% · other public 19.14%
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, 26 Sep 2025, 4 resolutions
73,137 shareholders on the register on 19 Sep 2024; present: 3 promoters and 35 others; votes counted by Sanjay Kumar Joshi / S.k Joshi & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2025, together with the reports of the Board of Directors and Statutory Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 88.97% · promoters 100.00% · institutions 73.49% · other public 16.50%
- To confirm the interim dividend of Re.1.00 (Rupee One) per share for the financial year ended 31 March 2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 88.97% · promoters 100.00% · institutions 73.49% · other public 16.50%
- To appoint a director in place of Mr. Raj Bipinbhai Hadvani (DIN: 09802257) who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it99.17% for0.83% against
Against: promoters 0.00% · institutions 13.46% · other public 0.00%
Turnout: all 86.06% · promoters 96.93% · institutions 68.29% · other public 16.50%
- Appointment of S. K. Joshi & Associates, Practicing Company Secretaries as the Secretarial Auditors of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 88.97% · promoters 100.00% · institutions 73.49% · other public 16.50%
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 Sep 2024, 7 resolutions
Present: 4 promoters and 43 others.The company's voting result (opens in a new tab)
- To consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2024, together with the Directors’ and the Auditors’ Reports thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.24%
Turnout: all 88.50% · promoters 100.00% · institutions 86.64% · other public 0.42%
- To declare a final dividend of Rs. 0.25 per equity share of face value of ? 1.00 each for the financial year ended 31st March 2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.32%
Turnout: all 88.50% · promoters 100.00% · institutions 86.64% · other public 0.42%
- To appoint a director in place of Mr. Harsh Sureshkumar Shah (DIN: 06470319) who retires by rotation and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 2.77%
Turnout: all 88.50% · promoters 100.00% · institutions 86.64% · other public 0.42%
- TO CONSIDER AND RATIFY THE GOPAL SNACKS LIMITED – EMPLOYEE STOCK OPTION SCHEME - 2023Special92.60% for7.40% against
Against: promoters 0.00% · institutions 93.91% · other public 0.65%
Turnout: all 88.50% · promoters 100.00% · institutions 86.64% · other public 0.42%
- CONSIDER AND APPROVE THE SALARY OF MRS. SHIVANGI HADVANI, CHIEF OF STAFF OF THE COMPANYOrdinaryPromoters have an interest in it92.86% for7.14% against
Against: promoters 0.00% · institutions 90.47% · other public 25.92%
Turnout: all 88.50% · promoters 100.00% · institutions 86.64% · other public 0.42%
- CONSIDER AND APPROVE THE ALTERATION OF ARTICLES OF ASSOCIATION BY ALTERING THE EXISTING CLAUSE AND ADDITION OF A NEW CLAUSE ON WAIVER OF DIVIDENDSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 6.61%
Turnout: all 88.50% · promoters 100.00% · institutions 86.64% · other public 0.42%
- TO CONSIDER AND APPROVE CONTINUATION OF MR. BABUBHAI HARJIBHAI GHODASARA (DIN: 08132069) AS NON-EXECUTIVE INDEPENDENT DIRECTOR OF THE COMPANY FOR A REMAINING PERIODSpecial96.50% for3.50% against
Against: promoters 0.00% · institutions 44.40% · other public 0.31%
Turnout: all 88.50% · promoters 100.00% · institutions 86.64% · other public 0.42%
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 18 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)
To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and Statutory Auditors thereon.MoreLess
1 for0 againstTo confirm the first interim dividend of Rs.0.25 per equity share, i.e. 25%, declared by the Board of Directors on November 10, 2025, the second interim dividend of Rs.0.35 per equity share, i.e. 35%, declared by the Board of Directors on January 27, 2026 and the third interim dividend of Rs.0.40 per equity share, i.e. 40%, declared by the Board of Directors on May 12, 2026, aggregating to a sum of Rs.1.00 per equity share having face value of Rs. 1.00 each fully paid up for the financial year ended March 31, 2026, as approved by the Board of Directors respectively and already paid to the Members.MoreLess
1 for0 against- To appoint a director in place of Mr. Harsh Sureshkumar Shah (DIN: 06470319) who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.1 for0 against
- Re-appointment of Mr. Bipinbhai Vithalbhai Hadvani (DIN: 02858118) as the Chairman and Managing Director (CMD) of the Company.1 for0 against
Mutual fund votes, meeting of 26 Sep 2025, 7 fund houses
To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2025, together with the reports of the Board of Directors and Statutory Auditors thereon.MoreLess
7 for0 against- To confirm the interim dividend of Re.1.00 (Rupee One) per share for the financial year ended 31 March 2025.7 for0 against
- To appoint a director in place of Mr. Raj Bipinbhai Hadvani (DIN: 09802257) who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
Against Mirae Asset Mutual Fund
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
6 for1 against - Appointment of S. K. Joshi & Associates, Practicing Company Secretaries as the Secretarial Auditors of the Company.7 for0 against
1 earlier meeting
Mutual fund votes, meeting of 28 Sep 2024, 3 fund houses
- To consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2024, together with the Directors’ and the Auditors’ Reports thereon.3 for0 against
- To declare a final dividend of Rs. 0.25 per equity share of face value of ? 1.00 each for the financial year ended 31st March 2024.3 for0 against
- To appoint a director in place of Mr. Harsh Sureshkumar Shah (DIN: 06470319) who retires by rotation and being eligible, offers himself for re-appointment.3 for0 against
- TO CONSIDER AND RATIFY THE GOPAL SNACKS LIMITED – EMPLOYEE STOCK OPTION SCHEME - 2023
Against DSP Mutual Fund, Edelweiss Mutual Fund
- DSP Mutual FundThe exercise price is Re. 1, which is at a 99.7% discount to the current market price (closing price as on 19 September 2024). ESOPs are ‘pay at risk’ options that employees accept at the time of grant, which is protected if the ESOPs are issued at significant discount to market price. If the stock options are granted at a significant discount (>20%), there is no alignment between the interests of investors and those of employees. We believe as a good practice companies should grant stock options at market price, or the options should have a performance-based vesting with clearly defined performance metrics. We do not support the resolution.
- Edelweiss Mutual FundCompliant with Law. Governance Concern: NRC discretion to determine exercise price; maximum potential economic benefits to a single employee appears to be excessive.
1 for2 against - CONSIDER AND APPROVE THE SALARY OF MRS. SHIVANGI HADVANI, CHIEF OF STAFF OF THE COMPANY
Against DSP Mutual Fund, Edelweiss Mutual Fund
- DSP Mutual FundThe company must disclose how, based on her role and experience, her remuneration has been benchmarked with the company’s internal cadre and with market standards. Her proposed remuneration is equal to that of the Executive Director of the company; this raises questions over organisational hierarchy. Given the lack of clarity, we do not support the resolution.
- Edelweiss Mutual FundNon-Compliant with Companies Act, 2013: Prior approval not sought. Transparency Concern: Inadequate disclosure w.r.t. the profile of the appointee.
1 for2 against - CONSIDER AND APPROVE THE ALTERATION OF ARTICLES OF ASSOCIATION BY ALTERING THE EXISTING CLAUSE AND ADDITION OF A NEW CLAUSE ON WAIVER OF DIVIDEND3 for0 against
- TO CONSIDER AND APPROVE CONTINUATION OF MR. BABUBHAI HARJIBHAI GHODASARA (DIN: 08132069) AS NON-EXECUTIVE INDEPENDENT DIRECTOR OF THE COMPANY FOR A REMAINING PERIOD
Against Edelweiss Mutual Fund
- Edelweiss Mutual FundNo concern identified. No concern on merits of the proposed appointee. Governance Concern: SRC & NRC Chairman absent from AGM and no justification given; Low attendance at NRC meetings.
2 for1 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
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
- Yes
- 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.
How money raised was used
The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.