HPL Electric & Power logo

HPL Electric & Power MD, chairman, board of directors and AGM

NSE: HPLBSE: 540136Industrial ManufacturingSmall Cap

Last close ₹227.60down ₹10.70 (4.49%)BSE ₹227.80

Share price at the NSE close on 23 Oct 2026. Previous close ₹238.30.

52-week range of traded prices to 23 Oct 2026
₹225.55Low, 23 Oct 2026₹479.90High, 17 Nov 2025
Market cap
₹1,463 Cr1,119th largest listed
P/E
16.0
P/B
1.5
Dividend yield
0.44%
ROE
9.5%
ROCE
12.4%
Debt to equity
0.75
Volume, NSE
1,71,84050.5% delivered

HPL Electric & Power 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

  • ChairpersonLALIT SETHRelated to the promoter
  • Managing directorRISHI SETH
  • Company Secretary and Compliance OfficerMr. Vivek Kumar

6 directors3 independent3 executive

  • LALIT SETH · ChairpersonExecutive · joined Jan 2016 · reappointed Jan 2025 · 1 listed board
  • RISHI SETH · Managing directorExecutive · joined Jan 2016 · reappointed Jan 2025 · 1 listed board · 1 committee seat
  • GAUTAM SETHExecutive · joined Jan 2016 · reappointed Jan 2025 · 1 listed board · 2 committee seats
  • RASHMI VIJIndependent · joined May 2021 · reappointed May 2026 · 65 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • DHRUV GOYALIndependent · joined May 2021 · reappointed Nov 2021 · 65 months as independent · 1 listed board · 1 as independent
  • AJIT SOODIndependent · joined Apr 2025 · 17 months as independent · 1 listed board · 1 as independent · 2 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.

1 director who left
  • HARGOVIND SACHDEV, left 12 Apr 2025: Tenure Completion

Committees and meetings

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

  • Board

    • 10 Aug 20266 of 6 present3 independent · 74 days in between
    • 27 May 20266 of 6 present3 independent

  • Audit Committee

    Chair AJIT SOOD

    GAUTAM SETH, RASHMI VIJ

    • 10 Aug 20263 of 3 present2 independent · 74 days in between
    • 27 May 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair DHRUV GOYAL

    AJIT SOOD, RASHMI VIJ

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair AJIT SOOD

    RISHI SETH, GAUTAM SETH

    No meeting listed in the filing.

  • Risk Management Committee

    Chair LALIT SETH

    RISHI SETH, GAUTAM SETH, AJIT SOOD

    • 10 Aug 20264 of 4 present1 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.

  • Sakshi & AssociatesPeer-review certificate valid to Jul 2028

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.

HPL Electric & Power 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.HPL Electric & Power dividend history

Annual general meeting, 24 Sep 2026

1,21,996 shareholders on the register on 17 Sep 2026; present: 11 promoters and 126 others; votes counted by DEEPAK KUKREJA / DMK ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements including the Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2026 together with the Reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.09%

    Turnout: all 72.81% · promoters 100.00% · institutions 19.99% · other public 0.07%

  2. To declare Final Dividend of Rs. 1.00 per equity share of face value of Rs. 10/- each for the Financial Year ended 31st March, 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.01%

    Turnout: all 72.82% · promoters 100.00% · institutions 21.35% · other public 0.07%

  3. To appoint a director in place of Mr. Rishi Seth (DIN:00203469), who retires by rotation and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.25%

    Turnout: all 72.82% · promoters 100.00% · institutions 21.35% · other public 0.07%

  4. Ratification of Remuneration of the Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.94%

    Turnout: all 72.82% · promoters 100.00% · institutions 21.35% · other public 0.07%

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, 7 Jul 2026, 1 resolution

1,25,647 shareholders on the register on 29 May 2026; votes counted by DEEPAK KUKREJA / DMK ASSOCIATES.The company's voting result (opens in a new tab)

  1. Re-appointment of Dr. (Mrs.) Rashmi Vij (DIN:01103219) for the second term as an Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.69%

    Turnout: all 72.86% · promoters 100.00% · institutions 22.08% · other public 0.21%

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, 29 Sep 2025, 5 resolutions

1,41,792 shareholders on the register on 22 Sep 2025; present: 12 promoters and 137 others; votes counted by DEEPAK KUKREJA / DMK ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements including the Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2025 together with the Reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.07% · promoters 100.00% · institutions 20.78% · other public 1.06%

  2. To declare Final Dividend of Rs. 1.00 per equity share of face value of Rs. 10/- each for the Financial Year ended 31st March, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.22%

    Turnout: all 73.07% · promoters 100.00% · institutions 21.55% · other public 1.06%

  3. To appoint a director in place of Mr. Gautam Seth (DIN:00203405), who retires by rotation and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 65.95% · other public 0.12%

    Turnout: all 73.07% · promoters 100.00% · institutions 21.55% · other public 1.06%

  4. Ratification of Remuneration of the Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.22%

    Turnout: all 73.07% · promoters 100.00% · institutions 21.55% · other public 1.06%

  5. Appointment of Secretarial Auditor and fixation of remuneration
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.14%

    Turnout: all 73.07% · promoters 100.00% · institutions 21.55% · other public 1.06%

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 2025, 1 resolution

1,44,328 shareholders on the register on 30 May 2025; votes counted by DEEPAK KUKREJA / DMK ASSOCIATES.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Ajit Sood (DIN: 08458007) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.91%

    Turnout: all 72.85% · promoters 100.00% · institutions 9.97% · other public 0.24%

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 2024, 7 resolutions

Present: 12 promoters and 177 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (including the Consolidated Financial Statements) of the Company for the Financial Year ended 31st March, 2024 together with the Reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.07%

    Turnout: all 72.58% · promoters 99.74% · institutions 12.29% · other public 0.14%

  2. To declare final dividend of Rs. 1.00 per equity share of face of Rs. 10/- each for the financial year ended 31st March, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.09%

    Turnout: all 72.59% · promoters 99.74% · institutions 13.03% · other public 0.14%

  3. To appoint a director in place of Mr. Rishi Seth (DIN: 00203469), who retires by rotation and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.60%

    Turnout: all 72.59% · promoters 99.74% · institutions 13.03% · other public 0.14%

  4. Ratification of Remuneration of the Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.07%

    Turnout: all 72.59% · promoters 99.74% · institutions 13.03% · other public 0.14%

  5. Re-appointment of Mr. Lalit Seth (DIN: 00312007) as the Chairman and Whole-time Director of the Company and fixation of remuneration
    SpecialPromoters have an interest in it
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 100.00% · other public 2.66%

    Turnout: all 72.59% · promoters 99.74% · institutions 13.03% · other public 0.14%

  6. Re-appointment of Mr. Rishi Seth (DIN: 00203469) as the Managing Director of the Company and fixation of remuneration
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.66%

    Turnout: all 72.59% · promoters 99.74% · institutions 13.03% · other public 0.14%

  7. Re-appointment of Mr. Gautam Seth (DIN: 00203405) as the Joint Managing Director of the Company and fixation of remuneration
    SpecialPromoters have an interest in it
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 100.00% · other public 2.75%

    Turnout: all 72.59% · promoters 99.74% · institutions 13.03% · other public 0.14%

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, 30 Sep 2023, 4 resolutions

Present: 12 promoters and 137 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (including the Consolidated Financial Statements) of the Company for the Financial Year ended 31st March, 2023 together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 72.54% · promoters 99.74% · institutions 0.00% · other public 0.26%

  2. To declare final dividend of Rs. 1.00 per equity share of face value of Rs. 10/- each for the financial year ended 31st March, 2023.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.82%

    Turnout: all 72.54% · promoters 99.74% · institutions 0.00% · other public 0.26%

  3. To appoint a director in place of Mr. Gautam Seth (DIN: 00203405), who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 72.54% · promoters 99.74% · institutions 0.00% · other public 0.26%

  4. Ratification of Remuneration of the Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 72.54% · promoters 99.74% · institutions 0.00% · other public 0.26%

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, 5 resolutions

Present: 12 promoters and 102 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (including the Consolidated Financial Statements) of the Company for the Financial Year ended 31st March, 2022 together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.27%

    Turnout: all 72.70% · promoters 100.00% · institutions 0.00% · other public 0.16%

  2. To declare final dividend of Rs. 0.15 per equity share for the financial year ended 31st March, 2022.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 72.70% · promoters 100.00% · institutions 0.00% · other public 0.16%

  3. To appoint a director in place of Mr. Rishi Seth (DIN: 00203469), who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.99%

    Turnout: all 72.70% · promoters 100.00% · institutions 0.00% · other public 0.16%

  4. To appoint the Statutory Auditor of the company and to fix their remuneration.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.27%

    Turnout: all 72.70% · promoters 100.00% · institutions 0.00% · other public 0.16%

  5. Ratification of Remuneration of the Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.54%

    Turnout: all 72.70% · promoters 100.00% · institutions 0.00% · other public 0.16%

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, 23 Dec 2021, 1 resolution

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

  1. Appointment of Mr. Dhruv Goyal (DIN: 06963262) as the Independent Director of the Company for the second term
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 15.57%

    Turnout: all 72.52% · promoters 99.74% · institutions 0.00% · 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.

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
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.