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GRP MD, chairman, board of directors and AGM

NSE: GRPLTDBSE: 509152Industrial ProductsSmall Cap

Last close ₹1,696.00down ₹54.10 (3.09%)BSE ₹1,681.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,750.10.

52-week range of traded prices to 23 Oct 2026
₹1,500.00Low, 27 Jan 2026₹2,209.90High, 23 Oct 2025
Market cap
₹905 Cr1,505th largest listed
P/E
159.5
P/E without one-offs
127.9
P/B
5.1
Dividend yield
0.21%
ROE
3.1%
ROE without one-offs
3.8%
ROCE
7.2%
Debt to equity
1.16
Volume, NSE
1,27061.3% delivered

GRP 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

  • ChairpersonRajendra Vadilal Gandhi
  • Managing directorHarsh Rajendra Gandhi
  • Company Secretary and Compliance OfficerSonal Jaju

7 directors4 independent2 executive1 non-executive

  • Rajendra Vadilal Gandhi · ChairpersonNon-executive · joined Jun 1974 · reappointed Jul 2025 · 1 listed board
  • Saurabh Surendra ShahIndependent · joined Sep 2017 · reappointed Sep 2022 · 108 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • Harsh Rajendra Gandhi · Managing directorExecutive · joined Jun 2009 · reappointed Jun 2024 · 3 listed boards · 2 as independent · 4 committee seats, 1 as chair
  • Vivek G AsraniIndependent · joined Aug 2022 · reappointed Aug 2022 · 49 months as independent · 2 listed boards · 2 as independent · 2 committee seats
  • Anshul MittalIndependent · joined Aug 2022 · reappointed Aug 2022 · 49 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Hemal Harsh GandhiExecutive · joined Aug 2022 · reappointed Aug 2025 · 1 listed board · 1 committee seat
  • Belur Krishna Murthy SethuramIndependent · joined May 2025 · reappointed May 2025 · 16 months as independent · 4 listed boards · 4 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

    • 23 Jul 20267 of 7 present4 independent · 35 days in between
    • 17 Jun 20266 of 7 present3 independent · 32 days in between
    • 15 May 20266 of 7 present3 independent

  • Audit Committee

    Chair Saurabh Surendra Shah

    Harsh Rajendra Gandhi, Vivek G Asrani, Belur Krishna Murthy Sethuram

    • 23 Jul 20264 of 4 present3 independent · 68 days in between
    • 15 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Vivek G Asrani

    Saurabh Surendra Shah, Anshul Mittal, Rajendra Vadilal Gandhi

    • 17 Jun 20263 of 4 present2 independent
    • 15 May 20262 of 4 present2 independent

  • Stakeholders Relationship Committee

    Chair Saurabh Surendra Shah

    Harsh Rajendra Gandhi, Hemal Harsh Gandhi

    • 15 May 20263 of 4 present1 independent

  • Risk Management Committee

    Chair Belur Krishna Murthy Sethuram

    Rajendra Vadilal Gandhi, Vivek G Asrani, Hemal Harsh Gandhi

    • 26 Mar 20264 of 4 present2 independent

  • Corporate Social Responsibility Committee

    Chair Rajendra Vadilal Gandhi

    Vivek G Asrani, Hemal Harsh Gandhi, Belur Krishna Murthy Sethuram

    • 26 Mar 20264 of 4 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 Jun 2026.

  • Rajendra & Co.Peer-review certificate valid to Aug 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.

GRP 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.GRP dividend history

Annual general meeting, 23 Jul 2026

8,048 shareholders on the register on 16 Jul 2026; present: 3 promoters and 31 others; votes counted by Yogesh D. Dabholkar / Yogesh D. Dabholkar & co..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 Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 20.74% · promoters 51.34% · institutions 44.06% · other public 0.27%

  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% · institutions 0.00% · other public 0.19%

    Turnout: all 20.74% · promoters 51.34% · institutions 44.06% · other public 0.27%

  3. To declare a dividend of Rs. 3.50/- per equity share of face value of Rs. 10/- each for the financial year 2025-26
    Ordinary
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.00% · other public 25.67%

    Turnout: all 20.74% · promoters 51.34% · institutions 44.06% · other public 0.27%

  4. To appoint a director in place of Harsh Gandhi (DIN: 00133091), who retires by rotation and being eligible, seeks re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.28%

    Turnout: all 20.74% · promoters 51.34% · institutions 44.06% · other public 0.27%

  5. Ratification of remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants as a Cost Auditor for auditing the cost accounting records of the Company for the financial year 2026-2027.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.28%

    Turnout: all 20.74% · promoters 51.34% · institutions 44.06% · other public 0.27%

  6. Payment of remuneration to Mr. Rajendra V. Gandhi(DIN: 00189197) as a Non-Executive Non-Independent Director
    SpecialPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 77.16% · other public 0.50%

    Turnout: all 20.69% · promoters 51.34% · institutions 44.06% · 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.

Annual general meeting, 25 Jul 2025, 10 resolutions

8,785 shareholders on the register on 18 Jul 2025; present: 3 promoters and 33 others; votes counted by Yogesh D. Dabholkar / Yogesh D. Dabholkar & co..The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2025 together with the Reports of the Board of Directors and the Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 31.21% · promoters 51.34% · institutions 4.23% · other public 17.86%

  2. Adoption of Audited Consolidated Financial Statements for the financial year ended 31st March, 2025 together with the Reports of Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 31.21% · promoters 51.34% · institutions 4.23% · other public 17.86%

  3. Declaration of Dividend on Equity Shares for the financial year 2024-25.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 31.21% · promoters 51.34% · institutions 4.23% · other public 17.86%

  4. Re-appointment of Hemal H. Gandhi (DIN: 01444424) as a director, who retires by rotation and being eligible, offers herself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 31.21% · promoters 51.34% · institutions 4.23% · other public 17.86%

  5. Appointment of Rajendra V. Gandhi (DIN: 00189197) as a Non-Executive Non-Independent Director of the Company.
    Special
    100.00% for0.00% against

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

    Turnout: all 31.21% · promoters 51.34% · institutions 4.23% · other public 17.86%

  6. Payment of remuneration to Rajendra V. Gandhi (DIN: 00189197) as a Non-Executive Non-Independent Director of the Company.
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 80.73% · other public 0.00%

    Turnout: all 31.21% · promoters 51.34% · institutions 4.23% · other public 17.86%

  7. Reappointment and revision in remuneration of Hemal H. Gandhi (DIN: 01444424), as an Executive Director for the period commencing from 22nd August, 2025 to 31st March, 2028.
    Special
    100.00% for0.00% against

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

    Turnout: all 31.21% · promoters 51.34% · institutions 4.23% · other public 17.86%

  8. Appointment of Belur Krishna Murthy Sethuram (DIN: 03498701) as a Non-Executive Independent Director.
    Special
    100.00% for0.00% against

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

    Turnout: all 31.21% · promoters 51.34% · institutions 4.23% · other public 17.86%

  9. Appointment of Yogesh D. Dabholkar & Co. as the Secretarial Auditor of the Company for a term of Five (5) consecutive years commencing from financial year 2025- 26 till financial year 2029- 30.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 31.21% · promoters 51.34% · institutions 4.23% · other public 17.86%

  10. Ratification of remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants as the cost auditors of the company for the financial year 2025-2026.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 31.21% · promoters 51.34% · institutions 4.23% · other public 17.86%

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, 14 Dec 2024, 3 resolutions

Present: 6 promoters and 33 others.The company's voting result (opens in a new tab)

  1. Approval to raise capital by way of private offerings including through a qualifiedninstitutions placement to eligible investors through an issuance of equity shares or anynother eligible securities or a combination thereofMoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 28.35% · promoters 54.57% · institutions 0.00% · other public 10.72%

  2. To grant stock options to the employees of the Subsidiary company(ies)/subsidiarynbody corporate(s) (present and/or future) under the GRP Limited Employee StocknOption Plan, 2024
    Special
    100.00% for0.00% against

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

    Turnout: all 28.35% · promoters 54.57% · institutions 0.00% · other public 10.72%

  3. Modification of GRP Limited Employee Stock Option Plan, 2024
    Special
    100.00% for0.00% against

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

    Turnout: all 28.35% · promoters 54.57% · institutions 0.00% · other public 10.72%

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, 2 Aug 2024, 12 resolutions

Present: 4 promoters and 26 others.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, 2024 together with the Reports of the Board of Directors and the Auditors thereonMoreLess
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 32.71% · promoters 54.91% · institutions 0.00% · other public 17.73%

  2. To receive, consider and adopt the audited Consolidated Financial Statements of the company for the financial year ended 31st March 2024 together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 32.71% · promoters 54.91% · institutions 0.00% · other public 17.73%

  3. Declaration of Dividend of Rs. 37.50/- per equity shares for the financial year 2023-24.n
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 32.71% · promoters 54.91% · institutions 0.00% · other public 17.73%

  4. To consider the appointment of Harsh R. Gandhi (DIN: 00133091), who retires by rotation and is eligible, seeks re-appointment
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 32.71% · promoters 54.91% · institutions 0.00% · other public 17.73%

  5. Payment of commission to Rajendra V. Gandhi (DIN No. 00189197), Whole time Director designated as an Executive Chairman of the Company for the financial year 2023-24.
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 32.71% · promoters 54.91% · institutions 0.00% · other public 17.73%

  6. Reappointment of Harsh R. Gandhi (DIN: 00133091), Whole-time Director designated as a Managing Director of the Company for a period of three years from 16th June 2024 to 15th June 2027.
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 32.71% · promoters 54.91% · institutions 0.00% · other public 17.73%

  7. Reappointment of Rajendra V. Gandhi (DIN No. 00189197), Whole-time Director designated as an Executive Chairman of the Company for the period from 1st August 2024 up to the conclusion of the 51st Annual General Meeting of the CompanyMoreLess
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 32.71% · promoters 54.91% · institutions 0.00% · other public 17.73%

  8. Revision in remuneration of Hemal H. Gandhi (DIN: 01444424), Whole Time Director designated as an Executive Director of the Company for the period of one year from 22nd August 2024 to 21st August 2025.MoreLess
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 32.71% · promoters 54.91% · institutions 0.00% · other public 17.73%

  9. Increase in the authorized share capital of the Company and consequential amendment in Memorandum of Association of the Company
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 32.71% · promoters 54.91% · institutions 0.00% · other public 17.73%

  10. Issue of Bonus Equity Shares to the Shareholders of the Company
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 32.71% · promoters 54.91% · institutions 0.00% · other public 17.73%

  11. Introduction and Implementation of GRP Limited Employee Stock Option Plan, 2024n
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 32.71% · promoters 54.91% · institutions 0.00% · other public 17.73%

  12. Ratification of remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants as Cost Auditor for auditing the cost accounting records of the Company for the year ending 31st March, 2025.nMoreLess
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 32.71% · promoters 54.91% · institutions 0.00% · other public 17.73%

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, 4 Aug 2023, 5 resolutions

Present: 15 promoters and 6 others.The company's voting result (opens in a new tab)

  1. a)tAdoption of audited financial statements for the year ended 31st March, 2023 and the Reports of Board of Directors and Auditors thereonnb)tAdoption of audited consolidated financial statements for the year ended 31st March, 2023 and the Report of Auditors thereonMoreLess
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 25.08% · promoters 53.08% · institutions 0.00% · other public 6.01%

  2. Declaration of Dividend on equity shares for the financial year 2022-23.
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 25.08% · promoters 53.08% · institutions 0.00% · other public 6.01%

  3. Appointment of Rajendra V. Gandhi (DIN: 00189197), 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 0.10%

    Turnout: all 25.08% · promoters 53.08% · institutions 0.00% · other public 6.01%

  4. Approval for payment of remuneration by way of commission to Rajeev M. Pandia (DIN: 00021730), Non-Executive Independent Director, for the financial year ending 31st March, 2023.
    Special
    99.99% for0.01% against

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

    Turnout: all 25.08% · promoters 53.08% · institutions 0.00% · other public 6.01%

  5. Ratification of remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants as cost auditor for auditing the cost accounting records of the company for the year ended 31st March, 2024.
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 25.08% · promoters 53.08% · institutions 0.00% · other public 6.01%

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, 19 Oct 2022, 3 resolutions

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

  1. Appointment of Mr. Anshul Mittal (DIN: 00139786) as an Independent Director of the Company.
    Special
    99.99% for0.01% against

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

    Turnout: all 29.54% · promoters 46.89% · institutions 0.00% · other public 17.27%

  2. Appointment of Mr. Vivek Asrani (DIN: 00114447) as an Independent Director of the Company.
    Special
    99.99% for0.01% against

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

    Turnout: all 29.54% · promoters 46.89% · institutions 0.00% · other public 17.27%

  3. Appointment and remuneration of Ms. Hemal Gandhi (DIN: 01444424) as an Executive Director of the Company.
    Special
    99.99% for0.01% against

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

    Turnout: all 29.54% · promoters 46.89% · institutions 0.00% · other public 17.27%

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 Aug 2022, 11 resolutions

Present: 3 promoters and 15 others.The company's voting result (opens in a new tab)

  1. Adoption of :na) Adoption of audited financial statements for the year ended 31st March, 2021 and the Reports of Board ofnDirectors and Auditors thereon.nb) Adoption of audited consolidated financial statements for the year ended 31st March, 2021 and the Report ofnAuditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

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

  2. Declaration of Dividend for the financial year 2021-22
    Ordinary
    100.00% for0.00% against

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

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

  3. To Consider retirement of Mahesh Gandhi (DIN:00133203), who being liable for retire by rotation, does not seek reappointment
    Ordinary
    100.00% for0.00% against

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

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

  4. To Consider retirement of Dr. Peter Philip (DIN:0820202), who being liable for retire by rotation, does not seek reappointment
    Ordinary
    100.00% for0.00% against

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

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

  5. Re-appointment of Harsh R. Gandhi (DIN:00133091) , who retires by rotation, offers himself for re appointment
    Ordinary
    100.00% for0.00% against

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

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

  6. Appointment of Rajendra and Co., Statutory Auditors for five consecutive years from the conclusion of the 48th AGM till the conclusion of the 53rd AGM
    Ordinary
    100.00% for0.00% against

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

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

  7. Reappointment of Rajendra Gandhi as Managing Director of the company for a period from 1st August, 2022 to 17th December, 2024
    Special
    100.00% for0.00% against

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

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

  8. Approval of payment of commission to Rajeev Pandia, Non-Executive Independent. Director for the financial year ending 31st March, 2023
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

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

  9. To consider reappointment of Saurabh Shah, Independent Director for a second consecutive term of five years from 12th September, 2022 to 11th September, 2027
    Special
    100.00% for0.00% against

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

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

  10. Ratification of the remuneration of Cost Auditors, M/s Kishore Bhatia and Associates for the financial year 2021-22
    Ordinary
    100.00% for0.00% against

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

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

  11. Ratification of remuneration of Cost Auditors, M/s Kishore Bhatia and Associates for the financial year 2022-23
    Ordinary
    100.00% for0.00% against

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

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

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.

Annual general meeting, 12 Aug 2021, 7 resolutions

Present: 5 promoters and 26 others.The company's voting result (opens in a new tab)

  1. a) Adoption of audited financial statements for the year ended 31st March, 2021 and the Reports of Board of Directors and Auditors thereon. b) Adoption of audited consolidated financial statements for the year ended 31st March, 2021 and the Report of Auditors thereonnMoreLess
    Ordinary
    100.00% for0.00% against

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

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

  2. Declaration of Dividend on equity shares for the financial year 2020-21
    Ordinary
    100.00% for0.00% against

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

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

  3. Appointment of a director in place of Rajendra V. Gandhi (DIN:00189197),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 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  4. Appointment of a director in place of Harsh Gandhi (DIN:00133091), 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 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  5. Re-appointment of and revision in remuneration of Harsh R. Gandhi (DIN:00133091) as a Whole-time Director designated as Joint Managing Director
    Special
    98.60% for1.40% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.81%

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

  6. Payment of Rs.12,00,000/- (Rupees Twelve Lakh only) to Rajeev M. Pandia (DIN: 00021730),Non-Executive Independent Director, as remuneration by way of commission for the financial year ending 31st March, 2022MoreLess
    Special
    97.57% for2.43% against

    Against: promoters 0.00% · institutions 0.00% · other public 15.06%

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

  7. Payment of commission not exceeding one per cent of the net profits of the Company, to the Non-Executive Directors of the Company for each financial year commencing from 1st April, 2021
    Ordinary
    97.64% for2.36% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.62%

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

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.

Fines and tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Fine or penaltyNational Stock Exchange LimitedSince 14 Aug 2026₹10,000

    Fine Levied

    Delay in submission of intimation regarding the Record Date fixed for the purpose of payment of Final Dividend for FY 2025-26 under Regulation 42(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.MoreLess
  • Fine or penaltyBSE LimitedSince 14 Aug 2026₹10,000

    Fine Levied

    Delay in submission of intimation regarding the Record Date fixed for the purpose of payment of Final Dividend for FY 2025-26 under Regulation 42(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.MoreLess
  • Tax disputeJoint commissioner (Appeals)- Goods and Service Tax (Maharashtra)Since 19 Nov 2024
    Appeal attended and case discussed on merit. Final order is awaited.
    At the filing before: Appeal is filed with The Commissioner (Appeals-II) for the Period 2017-18 to 2022-23
  • Tax disputeCommissioner of Income-tax (Appeals)Since 19 Jul 2024
    Officer has accepted our case partially and passed the final order is passed. Final Liability has been fully paid and Order giving effect has been filed for closure of assessment.
    At the filing before: Appeal is filed with ITAT for AY 2015-16
  • Tax disputeCommissioner of Income-tax (Appeals)Since 19 Jul 2024
    Order Giving effect is receievd accepting our submission and case is closed.
    At the filing before: Final order under Direct Tax Vivad se Vishwas scheme is passed for closure of liability. Order giving effect has been filed for DDT and Tax credit allowed.
  • Tax disputeAssistant commissioner- Goods and Service Tax (Gujarat)Since 11 Feb 2025
    Appeal order passed with no change in liability. We are in process of filing appeal with GST Appealate Tribunal
    At the filing before: Appeal attended and case discussed on merit. Final order is awaited.
  • Tax disputeJoint commissioner of Appeals, Central GST & Central Excise, Vadodara.Since 27 Nov 2025
    Hearing attended and final order awaited.
    At the filing before: Appeal has been filed for the period 20-21.

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.