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Indo Amines CEO, MD, chairman, board of directors and AGM

NSE: INDOAMINBSE: 524648Chemicals & PetrochemicalsSmall Cap

Last close ₹122.37down ₹3.69 (2.93%)BSE ₹122.25

Share price at the NSE close on 23 Oct 2026. Previous close ₹126.06.

52-week range of traded prices to 23 Oct 2026
₹81.90Low, 23 Mar 2026₹168.00High, 6 Oct 2026
Market cap
₹888 Cr1,571st largest listed
P/E
11.0
P/B
2.3
Dividend yield
0.41%
ROE
22.8%
ROCE
17.2%
Debt to equity
0.79
Volume, NSE
2,28,28943.2% delivered

Indo Amines 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

  • Managing director and CEOVIJAY PALKAR
  • Managing directorRAHUL PALKAR
  • ChairpersonPRADEEP HARI THAKUR
  • Company Secretary and Compliance OfficerTripti Nishant Sawant

11 directors3 independent6 executive2 non-executive

  • VIJAY PALKAR · Managing director and CEOExecutive · joined Apr 2008 · reappointed Apr 2024 · 1 listed board · 1 committee seat
  • RAHUL PALKAR · Managing directorExecutive · joined Dec 2002 · reappointed Aug 2025 · 1 listed board
  • BHARATI PALKARExecutive · joined Jul 1997 · reappointed Jul 2023 · 1 listed board · 1 committee seat
  • ADHIKRAO SHINGADEExecutive · joined Jun 2021 · reappointed Jun 2025 · 1 listed board
  • JAYAPRAKASH SHETTYExecutive · joined Sep 2018 · reappointed Nov 2025 · 1 listed board
  • SAJI JOSEExecutive · joined Jun 2024 · reappointed Jun 2024 · 1 listed board
  • PRADEEP HARI THAKUR · ChairpersonIndependent · joined Feb 2022 · reappointed Feb 2025 · 52 months as independent · 3 listed boards · 3 as independent · 3 committee seats
  • AJAY MARATHEIndependent · joined Feb 2022 · reappointed Feb 2025 · 52 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • DHAWAL VORANon-executive · joined Aug 2023 · reappointed Aug 2023 · 1 listed board · 2 committee seats, 1 as chair
  • AVINASH APHALEIndependent · joined May 2023 · reappointed May 2025 · 37 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • TEJASWINI DALVINon-executive · joined May 2025 · reappointed May 2025 · 1 listed board

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
  • VIJAY SANE, left 16 Apr 2026: Others
  • SATISH M CHITALE, left 29 May 2025: Tenure Completion
  • ROHAN DESHPANDE, left 25 Feb 2025: Tenure Completion

Committees and meetings

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

  • Board

    • 26 May 202611 of 11 present3 independent · 107 days in between
    • 7 Feb 202611 of 12 present4 independent

  • Audit Committee

    Chair AJAY MARATHE

    VIJAY PALKAR, PRADEEP HARI THAKUR, AVINASH APHALE, DHAWAL VORA

    • 26 May 20265 of 5 present3 independent · 107 days in between
    • 7 Feb 20266 of 6 present4 independent

  • Nomination and remuneration committee

    Chair AJAY MARATHE

    PRADEEP HARI THAKUR, DHAWAL VORA

    • 26 May 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair DHAWAL VORA

    PRADEEP HARI THAKUR, BHARATI PALKAR

    • 7 Feb 20262 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair DHAWAL VORA

    VIJAY PALKAR, AVINASH APHALE

    • 26 May 20263 of 3 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.

  • Kulkarni & Khanolkar Co. Chartered AccountantsPeer-review certificate valid to Dec 2026

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.

Indo Amines 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.Indo Amines dividend history

Annual general meeting, 24 Sep 2026

34,288 shareholders on the register on 17 Sep 2026; present: 8 promoters and 28 others; votes counted by Vijay Yadav / M/S AVS & Associates.The company's voting result (opens in a new tab)

  1. Consideration and Adoption of Standalone Audited Financial Statement for the year ended March 31, 2026 together with the Reports of the Board of Directors and the Auditors thereon and the Audited Consolidated Financial Statements for the year ended March 31, 2026 and the Report of Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 66.85% · promoters 91.79% · institutions 0.00% · other public 31.82%

  2. Declaration of Final Dividend of 10% i.e. Rs. 0.50 per equity share on face value of Rs. 5/- each on Equity Shares for the Financial Year ended March 31, 2026
    Ordinary
    98.14% for1.86% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.39%

    Turnout: all 66.85% · promoters 91.79% · institutions 0.00% · other public 31.82%

  3. Re-appointment of Mr. Saji Jose (DIN: 10650311), 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 0.02%

    Turnout: all 66.85% · promoters 91.79% · institutions 0.00% · other public 31.82%

  4. Re-appointment of Ms. Tejaswini Dalvi (DIN: 11127538), who retires by rotation and being eligible, offers herself for re-appointment
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 66.85% · promoters 91.79% · institutions 0.00% · other public 31.82%

  5. Approval of Ratification of remuneration of Cost Auditor of the Company for the financial year 2026-27
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 66.85% · promoters 91.79% · institutions 0.00% · other public 31.82%

  6. To appoint Mr. Rahul Chitnis (DIN: 06634770) as Independent Director of the Company for the period of 1 (One) year
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 66.85% · promoters 91.79% · institutions 0.00% · other public 31.82%

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, 15 Jul 2026, 4 resolutions

34,468 shareholders on the register on 12 Jun 2026; votes counted by Vijay Yadav / AVS & Associates, Company Secretaries.The company's voting result (opens in a new tab)

  1. Re-appointment of Mrs. Bharati Palkar (DIN: 00136185) as Whole-Time Director of the Company for three years.
    SpecialPromoters have an interest in it
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.45%

    Turnout: all 56.24% · promoters 79.55% · institutions 4.61% · other public 23.49%

  2. To increase the remuneration of Mr. Vijay Palkar (DIN: 00136027), Managing Director & Chief Executive Officer of the Company.
    SpecialPromoters have an interest in it
    97.50% for2.50% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.16%

    Turnout: all 51.33% · promoters 71.16% · institutions 4.61% · other public 23.49%

  3. To increase the remuneration of Mr. Rahul Vijay Palkar (DIN: 00325590), Joint Managing Director of the Company
    SpecialPromoters have an interest in it
    97.80% for2.20% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.16%

    Turnout: all 58.43% · promoters 83.30% · institutions 4.61% · other public 23.49%

  4. To increase the remuneration of Mr. Saji Jose (DIN: 10650311), Whole-Time Director of the Company.
    Special
    97.84% for2.16% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.93%

    Turnout: all 58.43% · promoters 83.30% · institutions 4.61% · other public 23.49%

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, 24 Sep 2025, 11 resolutions

36,077 shareholders on the register on 17 Sep 2025; present: 8 promoters and 33 others; votes counted by Vijay Yadav / AVS & Associates.The company's voting result (opens in a new tab)

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

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

    Turnout: all 67.49% · promoters 92.56% · institutions 33.70% · other public 32.25%

  2. Declaration of Final Dividend of 10 % i.e. Rs. 0.50 per equity share on face value of Rs. 5/- each for the financial year ended March 31, 2025
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 67.49% · promoters 92.56% · institutions 33.70% · other public 32.25%

  3. Appointment of a Director in place of Mrs. Bharati Palkar (DIN: 00136185), who retires by rotation and being eligible, offers herself for re-appointment
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 67.49% · promoters 92.56% · institutions 33.70% · other public 32.25%

  4. Appointment of a Director in place of Mr. Jayprakash Shetty (DIN: 07980763), 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 0.02%

    Turnout: all 67.49% · promoters 92.56% · institutions 33.70% · other public 32.25%

  5. Ratification of remuneration payable to M/s. Gangan & Company, Cost Auditors of the Company for Financial Year 2025-26.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 67.49% · promoters 92.56% · institutions 33.70% · other public 32.25%

  6. Appointment of M/s. AVS and Associates, Company Secretaries as Secretarial Auditors of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 67.49% · promoters 92.56% · institutions 33.70% · other public 32.25%

  7. Re-appointment of Mr. Rahul Vijay Palkar (DIN:00325590) as Joint Managing Director of the Company.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 67.49% · promoters 92.56% · institutions 33.70% · other public 32.25%

  8. Re-appointment of Mr. Adhikrao A. Shingade (DIN: 09219226) as a Whole-Time Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 67.49% · promoters 92.56% · institutions 33.70% · other public 32.25%

  9. Re-appointment of Mr. Jayaprakash Anand Shetty (DIN: 07980763) as a Whole-Time Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 67.49% · promoters 92.56% · institutions 33.70% · other public 32.25%

  10. Approval of the Indo Amines Limited - Employee Stock Option Plan, 2025 (“Indo – ESOP Plan, 2025/ this ESOP 2025/ Plan”) and grant of Employee Stock Options to the eligible employees of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 67.49% · promoters 92.56% · institutions 33.70% · other public 32.25%

  11. Approval of extension of the Indo Amines Limited - Employee Stock Option Plan, 2025 (“Indo – ESOP Plan, 2025/ this ESOP 2025/ Plan”) to the Eligible Employees of the Subsidiary(ies) and/or Associate Company(ies), if any of the company.MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 67.49% · promoters 92.56% · institutions 33.70% · other public 32.25%

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, 14 Aug 2025, 1 resolution

36,160 shareholders on the register on 11 Jul 2025; votes counted by VIJAY YADAV / AVS & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Appointment of Ms. Tejaswini Dalvi (DIN: 11127538) as Non-Executive Director of the Company
    OrdinaryPromoters have an interest in it
    98.00% for2.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.18%

    Turnout: all 62.27% · promoters 83.33% · institutions 0.00% · other public 32.69%

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, 8 Jun 2025, 2 resolutions

36,621 shareholders on the register on 2 May 2025; votes counted by VIJAY YADAV / AVS & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Re-Appointment of Mr. Vijay Sane (DIN: 10153927) as Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 67.14% · promoters 91.84% · institutions 0.00% · other public 32.58%

  2. Re-Appointment of Mr. Avinash Aphale (DIN: 10167429) as Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 65.89% · promoters 91.84% · institutions 0.00% · other public 29.59%

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, 13 Feb 2025, 4 resolutions

37,240 shareholders on the register on 10 Jan 2025; votes counted by Vijay Yadav / AVS & Associates.The company's voting result (opens in a new tab)

  1. Approval for increase in borrowing limits of the Company under section 180(1)(c) of the Companies Act, 2013
    Special
    100.00% for0.00% against

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

    Turnout: all 66.54% · promoters 91.58% · institutions 0.00% · other public 33.12%

  2. Approval for increase in existing limits of the Company under section 180(1)(a) of the Companies Act, 2013, i.e. to sell, creation of mortgage or charge on the assets, properties or undertaking(s) of the Company.MoreLess
    Special
    99.99% for0.01% against

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

    Turnout: all 66.54% · promoters 91.58% · institutions 0.00% · other public 33.12%

  3. Approval for transactions under Section 185 of the Companies Act, 2013
    Special
    99.99% for0.01% against

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

    Turnout: all 66.54% · promoters 91.58% · institutions 0.00% · other public 33.12%

  4. Approval for making investments, giving loans, guarantees and security in excess of limits specified under section 186 of the companies’ act, 2013.
    Special
    99.99% for0.01% against

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

    Turnout: all 66.54% · promoters 91.58% · institutions 0.00% · other public 33.12%

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, 24 Sep 2024, 8 resolutions

Present: 11 promoters and 33 others.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statements for the year ended March 31, 2024
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.98% · promoters 98.45% · institutions 0.00% · other public 15.80%

  2. Declaration of Final Dividend on Equity Shares for the Financial Year ended March 31, 2024
    Ordinary
    98.21% for1.79% against

    Against: promoters 0.00% · institutions 0.00% · other public 24.25%

    Turnout: all 70.98% · promoters 98.45% · institutions 0.00% · other public 15.80%

  3. Re-Appointment of Mr. Rahul Palkar (DIN: 00325590), Director liable to Retire by Rotation and who had offered himself for re-appointment:
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.98% · promoters 98.45% · institutions 0.00% · other public 15.80%

  4. Re-Appointment of Mr. Adhikrao A. Shingade (DIN: 09219226), Director liable to Retire by Rotation and who had offered himself for re-appointment:
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.98% · promoters 98.45% · institutions 0.00% · other public 15.80%

  5. Appointment of M/s. Kulkarni & Khanolkar (FRN: 105407W) as Statutory Auditor of the Company for a period of 5 Years
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.98% · promoters 98.45% · institutions 0.00% · other public 15.80%

  6. nRatification of remuneration of Cost Auditor:
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.98% · promoters 98.45% · institutions 0.00% · other public 15.80%

  7. Re-appointment of Mr. Pradeep Thakur, (DIN: 00685992) 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 70.98% · promoters 98.45% · institutions 0.00% · other public 15.80%

  8. Re-appointment of Mr. Ajay Marathe, (DIN: 09522762) 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 70.98% · promoters 98.45% · institutions 0.00% · other public 15.80%

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.

Postal ballot, 29 Aug 2024, 1 resolution

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

  1. Approval for Appointment of Mr. Saji Jose (DIN: 10650311) as Whole -Time Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 64.53% · promoters 89.51% · institutions 0.00% · other public 14.38%

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

At most 3 complaints open, quarter to Mar 2026.
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
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.