Indokem MD, chairman, board of directors and AGM
NSE: INDOKEMBSE: 504092Chemicals & PetrochemicalsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹676.20.
- 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.
- ₹1,725 Cr1,251st 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 31 Aug 2026
- 770.2
- 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 4 May 2026
- 26.8
- 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 31 Aug 2026
- 3.5%
- 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 31 Aug 2026
- 3.1%
- 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 4 May 2026
- 0.42
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 21,57047.3% delivered
Indokem 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 directorMAHENDRA KISHORE KHATAU
- Managing directorARUPKUMAR BASU
- Company Secretary and Compliance OfficerMR. RAJESH D. PISAL
8 directors4 independent3 executive1 non-executive
- MAHENDRA KISHORE KHATAU · Chairperson and managing directorExecutive · joined Apr 2010 · reappointed Apr 2025 · 1 listed board · 1 committee seat
- ARUPKUMAR BASU · Managing directorExecutive · joined Jul 2023 · reappointed Sep 2026 · 1 listed board
- MANISH MAHENDRA KHATAUExecutive · joined Feb 2016 · reappointed Mar 2024 · 1 listed board
- ASHA MAHENDRA KHATAUNon-executive · joined Oct 2009 · 1 listed board
- RAHUL SINGHIndependent · joined Aug 2020 · reappointed Sep 2025 · 73 months as independent · 1 listed board · 1 as independent · 3 committee seats, 1 as chair
- SNEHA VIDYADHAR KHANDEKARIndependent · joined Jul 2023 · 38 months as independent · 1 listed board · 1 as independent · 1 committee seat
- SUYASH NEELKANTH BHISEIndependent · joined Jul 2023 · 38 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- ADARSH PANKAJ SHUKLAIndependent · joined Jul 2023 · 38 months as independent · 1 listed board · 1 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
- 31 Jul 20268 of 8 present4 independent · 87 days in between
- 4 May 20268 of 8 present4 independent
Audit Committee
Chair SUYASH NEELKANTH BHISE
MAHENDRA KISHORE KHATAU, RAHUL SINGH, ADARSH PANKAJ SHUKLA
- 31 Jul 20263 of 4 present2 independent · 87 days in between
- 4 May 20264 of 4 present3 independent
Nomination and remuneration committee
Chair SNEHA VIDYADHAR KHANDEKAR
SUYASH NEELKANTH BHISE, RAHUL SINGH
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair RAHUL SINGH
SUYASH NEELKANTH BHISE, ADARSH PANKAJ SHUKLA
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.
- CNK & Associates LLPPeer-review certificate valid to Jul 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.
Indokem 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.Indokem share news and announcements
Annual general meeting, 24 Sep 2026
27,046 shareholders on the register on 17 Sep 2026; present: 12 promoters and 61 others; votes counted by SAMITA VAIBHAV TANKSALE / SAMITA VAIBHAV TANKSALE.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Reports of the Board of Directors and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.70% · promoters 99.55% · institutions 0.00% · other public 10.82%
- To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Report of the Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.70% · promoters 99.55% · institutions 0.00% · other public 10.82%
- Re-appointment of Mrs. Asha Mahendra Khatau as Director, liable to retire by rotation.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 3.37% · promoters 0.00% · institutions 0.00% · other public 10.82%
- Re-appointment of Mr. Arupkumar Basu as Managing Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.70% · promoters 99.55% · institutions 0.00% · other public 10.82%
- Revision in remuneration payable to Mr. Manish M. Khatau (DIN: 02952828), Whole-time Director of the Company.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 3.37% · promoters 0.00% · institutions 0.00% · other public 10.82%
- Re-appointment of Mr. Manish M. Khatau as Whole-time Director of the Company.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 3.37% · promoters 0.00% · institutions 0.00% · other public 10.82%
- Ratification of Remuneration of Cost Auditors.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.70% · promoters 99.55% · institutions 0.00% · other public 10.82%
- Approval for undertaking Material Related Party Transactions with Orchard Acres.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 3.37% · promoters 0.00% · institutions 0.00% · other public 10.82%
- Approval for undertaking Material Related Party Transactions with Texcare Middle East LLC.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 3.37% · promoters 0.00% · institutions 0.00% · other public 10.82%
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.
Tax disputes
Reported in the filing for the quarter to Sep 2026.
- Tax disputeTHE PR. COMMISSIONER OF INCOME TAX - 6Since 28 Nov 2018PendingAt the filing before: Pre-admission
- Tax disputeTHE PR. COMMISSIONER OF INCOME TAX - 6Since 28 Nov 2018PendingAt the filing before: Pre-admission
- Tax disputeCommissioner of Income-tax (Appeals)Since 23 Jun 2023PendingAt the filing before: Appeal filed with NFAC
- Tax disputeCommissioner of Income-tax (Appeals) - 6Since 23 Apr 2015Appeal hearing notice not received till dateAt the filing before: Appeal filed with CIT(A)-6 against order u/s. 143(3) dt. 26.03.2015 passed by the Dy. CIT 2(3)(1)
- Tax disputeThe Joint Commissioner / Deputy Commissioner of State Tax (Appeal), AhmedabadSince 17 Oct 2023Pending
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.