Inducto Steels MD, chairman, board of directors and AGM
BSE: 532001Industrial ProductsSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹50.98.
- 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.
- ₹22 Cr4,149th 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 12 Aug 2026
- 10.5
- 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 29 May 2026
- 0.5
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- 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 12 Aug 2026
- 5.2%
- 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 12 Aug 2026
- 15.8%
- 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 29 May 2026
- 0.23
- Volume, BSEVolume. Shares traded on the last trading day.
- 18
Inducto Steels board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorRAJEEV SHANTISARUP RENIWAL
- Company Secretary and Compliance OfficerDiana Palia
4 directors2 independent1 executive1 non-executive
- RAJEEV SHANTISARUP RENIWAL · Chairperson and managing directorExecutive · joined Apr 1993 · reappointed Oct 2025 · 1 listed board
- SWEETY RAJEEV RENIWALNon-executive · joined Mar 2002 · 1 listed board · 2 committee seats
- MANOHAR HANUMANTS WAGHIndependent · joined Apr 2024 · 27 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- TEJASBHAI HIMMATBHAI THAKKERIndependent · joined Apr 2024 · 27 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 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.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 29 May 20264 of 4 present2 independent · 52 days in between
- 6 Apr 20264 of 4 present2 independent · 44 days in between
- 20 Feb 20264 of 4 present2 independent · 6 days in between
- 13 Feb 20264 of 4 present2 independent · 28 days in between
1 earlier meeting
- 15 Jan 20264 of 4 present2 independent
Audit Committee
Chair MANOHAR HANUMANTS WAGH
TEJASBHAI HIMMATBHAI THAKKER, SWEETY RAJEEV RENIWAL
- 29 May 20263 of 3 present2 independent · 104 days in between
- 13 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair MANOHAR HANUMANTS WAGH
TEJASBHAI HIMMATBHAI THAKKER, SWEETY RAJEEV RENIWAL
- 29 May 20263 of 3 present2 independent · 133 days in between
- 15 Jan 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair TEJASBHAI HIMMATBHAI THAKKER
MANOHAR HANUMANTS WAGH, SWEETY RAJEEV RENIWAL
- 29 May 20263 of 3 present2 independent · 97 days in between
- 20 Feb 20263 of 3 present2 independent
- 13 Feb 20263 of 3 present2 independent
Corporate Social Responsibility Committee
Chair MANOHAR HANUMANTS WAGH
TEJASBHAI HIMMATBHAI THAKKER, SWEETY RAJEEV RENIWAL
- 29 May 20263 of 3 present2 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- S.N. Shah & AssociatesPeer-review certificate valid to Oct 2027
1 earlier auditor
- LLB & 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.
Inducto Steels 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.Inducto Steels dividend history
Annual general meeting, 30 Sep 2026
2,381 shareholders on the register on 23 Sep 2026; present: 4 promoters and 19 others; votes counted by Dilip Bharadiya / Dilip Bharadiya and Associates.The company's voting result (opens in a new tab)
1 - To receive, consider and adopt: The Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 together with the Reports of the Board of Directors and Statutory Auditors thereon.MoreLess
Ordinary94.69% for5.31% againstAgainst: promoters 0.00% · institutions 0.00% · other public 96.80%
Turnout: all 22.97% · promoters 31.32% · institutions 0.00% · other public 4.10%
- 2 - To appoint a Director in place of Mrs. Sweety Reniwal (DIN: 00041853), who retires by rotation and being eligible, offers herself for re-appointment.OrdinaryPromoters have an interest in it94.69% for5.31% against
Against: promoters 0.00% · institutions 0.00% · other public 96.80%
Turnout: all 31.73% · promoters 31.32% · institutions 0.00% · other public 41.05%
To consider the remuneration to be paid to M/s. Kewlani & Associates, Cost Accountants (Firm Registration No. 003362), appointed by the Board of Directors to conduct the audit of the cost records of the Company for the financial year ending March 31, 2027.MoreLess
Ordinary94.69% for5.31% againstAgainst: promoters 0.00% · institutions 0.00% · other public 96.80%
Turnout: all 22.97% · promoters 31.32% · institutions 0.00% · other public 4.10%
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.
Tax disputes
Reported in the filing for the quarter to Jun 2026.
- Tax disputeAssistant Commissioner of Income Tax Circle 3(2)(1), MumbaiSince 31 Dec 2019Pending Before CIT(A),NFAC- Matter remanded back by ITAT to CIT(A)
- Tax disputeAssistant Commissioner of Income Tax Circle 3(2)(1), MumbaiSince 2 Jan 2020Pending Before ITAT Mumbai
- Tax disputeAssistant commissioner of Income Tax CIRCLE 3(2)(1), MUMBAISince 8 Jan 2019Pending Before CIT(A), NFAC – Matter remanded back by ITAT to CIT(A)
- Tax disputeEXCISE DUTYSince 6 Sep 2005
PRE-DEPOSIT OF 50 % OF RS.1238411/-i.e. RS.619205/- AS PER CESTAT, MUMBAI'S ORDER IN STAY PETITION NO.E/1005 TO 1009/05 MUM. OUT OF RS.619206/- RS.500000/- HAS ALREADYBEEN DEPOSITED WIDE TR 6 CHALLANS. HENCE REMAINIG AMOUT OF RS.119206/-PRE-PAID DEPOSIT AS PER CESTAT'S MUMBAI'S ORDER AS PER CHALLAN NO.04/05-06 (CESTAT, MUMBAI)MoreLess
- Tax disputeCUSTOMS & EXCISESince 31 Jul 2014REFUND CLAIM REJECT FROM DEPARTMENT (Customs & Excise Department, Bhavnagar)
- Tax disputeAsst. Commissioner CGST – BHAVNAGARSince 3 Dec 2025Pending Before Joint Commissioner (Appeals) of CGST - Rajkot
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
- 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
- No
- 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.