Indo Rama Synthetics (India) logo

Indo Rama Synthetics (India) MD, chairman, board of directors and AGM

NSE: INDORAMABSE: 500207Textiles & ApparelsSmall Cap

Last close ₹74.49down ₹2.48 (3.22%)BSE ₹74.60

Share price at the NSE close on 23 Oct 2026. Previous close ₹76.97.

52-week range of traded prices to 23 Oct 2026
₹29.00Low, 23 Mar 2026₹112.30High, 22 Sep 2026
Market cap
₹1,945 Cr1,463rd largest listed
P/E
9.2
P/B
3.0
Dividend yield
Nonein the last 12 months
ROE
38.2%
ROCE
21.0%
Debt to equity
1.31
Volume, NSE
12,33,23233.4% delivered

Indo Rama Synthetics (India) 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 directorOm Prakash Lohia
  • Company Secretary and Compliance OfficerASHOK YADAV

9 directors5 independent3 executive1 non-executive

  • Om Prakash Lohia · Chairperson and managing directorExecutive · joined Apr 1986 · reappointed Dec 2023 · 2 listed boards · 1 as independent · 1 committee seat
  • Vishal LohiaExecutive · joined Apr 2002 · reappointed Apr 2025 · 1 listed board · 2 committee seats
  • Dharmpal AgarwalIndependent · joined Nov 2021 · reappointed Nov 2021 · 58 months as independent · 4 listed boards · 1 as independent · 1 committee seat
  • Ravi CapoorIndependent · joined Jun 2024 · reappointed Jun 2024 · 27 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 2 as chair
  • Neeru AbrolIndependent · joined Jun 2025 · reappointed Jun 2025 · 15 months as independent · 5 listed boards · 5 as independent · 5 committee seats, 1 as chair
  • Vipin KumarNon-executive · joined Jan 2026 · reappointed Jan 2026 · 1 listed board · 1 committee seat
  • Sanjay GuptaExecutive · joined Jan 2026 · reappointed Jan 2026 · 1 listed board · 2 committee seats
  • Atim KabraIndependent · joined Jul 2026 · reappointed Jul 2026 · 2 months as independent · 2 listed boards · 1 as independent · 2 committee seats
  • Ambika SharmaIndependent · joined Jul 2026 · reappointed Jul 2026 · 2 months as independent · 7 listed boards · 7 as independent · 10 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.

4 directors who left
  • Dhanendra Kumar, left 28 May 2026: Others
  • Dilip Kumar Agarwal, left 31 Jan 2026: Others
  • Sanjay Thapliyal, left 31 Jan 2026: Others
  • Ranjana Agarwal, left 17 May 2025: Tenure Completion

Committees and meetings

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

  • Board

    • 29 Jul 20269 of 9 present5 independent · 64 days in between
    • 25 May 20268 of 8 present4 independent

  • Audit Committee

    Chair Ravi Capoor

    Vishal Lohia, Dharmpal Agarwal, Neeru Abrol, Sanjay Gupta, Ambika Sharma

    • 29 Jul 20266 of 6 present4 independent · 64 days in between
    • 25 May 20266 of 6 present4 independent

  • Nomination and remuneration committee

    Chair Dharmpal Agarwal

    Ambika Sharma, Ravi Capoor, Vipin Kumar

    • 29 Jul 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Ravi Capoor

    Om Prakash Lohia, Vishal Lohia, Sanjay Gupta, Vipin Kumar, Atim Kabra

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Om Prakash Lohia

    Vishal Lohia, Dharmpal Agarwal, Vipin Kumar, Sanjay Gupta

    • 17 Aug 20265 of 5 present1 independent · 18 days in between

  • Corporate Social Responsibility Committee

    Chair Om Prakash Lohia

    Vishal Lohia, Ravi Capoor, Vipin Kumar, Sanjay Gupta

    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.

  • S S Kothari Mehta & Co. LLPPeer-review certificate valid to Aug 2028
1 earlier auditor
  • Walker Chandiok & Co. LLPNamed 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.

Indo Rama Synthetics (India) 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 Rama Synthetics (India) dividend history

Annual general meeting, 8 Sep 2026

26,453 shareholders on the register on 1 Sep 2026; present: 5 promoters and 70 others; votes counted by Jaya Yadav / Jaya Yadav & 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 Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 81.34% · promoters 99.66% · institutions 2.36% · other public 27.90%

  2. To re-appoint a director in place of Mr. Vishal Lohia, (DIN 00206458), who retires by rotation at this meeting, and being eligible, offers himself re-appointment
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

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

    Turnout: all 81.23% · promoters 99.66% · institutions 2.36% · other public 27.47%

  3. To re-appoint, Mr. Om Prakash Lohia, (DIN 00206807), as Chairman and Managing Director of the Company, for a further period of three years.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 81.23% · promoters 99.66% · institutions 2.36% · other public 27.47%

  4. To re-appoint, Mr. Dharmpal Agarwal, (DIN 00084105), as an Independent Director of the Company for a second term of five years.
    Special
    100.00% for0.00% against

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

    Turnout: all 81.34% · promoters 99.66% · institutions 2.36% · other public 27.90%

  5. To appoint Mrs. Ambika Sharma, (DIN 08201798), as an Independent Director of the Company for the first term of five years.
    Special
    99.97% for0.03% against

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

    Turnout: all 81.34% · promoters 99.66% · institutions 2.36% · other public 27.90%

  6. To appoint Mr. Atim Kabra, (DIN 00003366), as an Independent Director of the Company for the first term of five years.
    Special
    100.00% for0.00% against

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

    Turnout: all 81.34% · promoters 99.66% · institutions 2.36% · other public 27.90%

  7. To Ratify the remuneration payable to the 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 0.00%

    Turnout: all 81.34% · promoters 99.66% · institutions 2.36% · other public 27.90%

  8. To approve Material Related Party Transactions with TPT Petrochemicals Public Co. Limited, Thailand
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 6.65% · promoters 0.00% · institutions 2.36% · other public 27.47%

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, 22 Apr 2026, 2 resolutions

27,278 shareholders on the register on 20 Mar 2026; votes counted by Jaya Yadav / Jaya Yadav & Associates.The company's voting result (opens in a new tab)

  1. APPOINTMENT OF MR. VIPIN KUMAR (DIN: 07355025) AS NON-EXECUTIVE, NON-INDEPENDENT DIRECTOR OF THE COMPANY
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 81.53% · promoters 99.99% · institutions 3.26% · other public 27.75%

  2. APPOINTMENT OF MR. SANJAY GUPTA (DIN: 11471106) AS WHOLE-TIME DIRECTOR OF THE COMPANY
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 71.02% · other public 0.01%

    Turnout: all 81.53% · promoters 99.99% · institutions 3.26% · other public 27.75%

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, 17 Dec 2025, 1 resolution

27,802 shareholders on the register on 14 Nov 2025; votes counted by Jaya Yadav / Jaya Yadav & Associates.The company's voting result (opens in a new tab)

  1. MATERIAL RELATED PARTY TRANSACTIONS WITH TPT PETROCHEMICALS PUBLIC CO. LIMITED, THAILAND.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 7.54% · promoters 0.00% · institutions 3.01% · other public 31.29%

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, 20 Aug 2025, 2 resolutions

28,701 shareholders on the register on 18 Jul 2025; votes counted by Ms. Jaya Yadav / Jaya Yadav & Associates.The company's voting result (opens in a new tab)

  1. To Consider Appointment of Ms. Neeru Abrol (DIN 01279485) as an Independent Director of the Company
    Special
    99.99% for0.01% against

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

    Turnout: all 45.69% · promoters 51.53% · institutions 0.20% · other public 30.00%

  2. To consider continuation of holding of office of Non Executive Independent Director of the Company by Mr. Dharmpal Agrawal (DIN: 00084105) after attaining the age of 75 (Seventy five) years
    Special
    99.99% for0.01% against

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

    Turnout: all 45.69% · promoters 51.53% · institutions 0.20% · other public 30.00%

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, 23 Jul 2025, 6 resolutions

28,779 shareholders on the register on 16 Jul 2025; present: 3 promoters and 59 others; votes counted by Jaya Yadav / Jaya Yadav & Associates.The company's voting result (opens in a new tab)

  1. a) To approve Standalone Audited Finnacial Accounts as on 31-03-2025 alongwith Auditor Report and Director's Report thereon b) To approve Consolidated Audited Financial Accounts as on 31-03-2025 alongwith Auditors Report and Director's Report thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 46.24% · promoters 52.23% · institutions 0.20% · other public 30.09%

  2. To appint Director in place of Mr. D K Agarwal who retires by rotation at this AGM Offers himself for re-appointment
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 46.24% · promoters 52.23% · institutions 0.20% · other public 30.09%

  3. TO Appoint SS KothariMehta & Co.LLP, Chartered Accountant as Statutory Auditor to fill up the Casual Vacancy caused due to resignation of Walker Chandiok & Co. LLP , Chartered Accountants
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 46.24% · promoters 52.23% · institutions 0.20% · other public 30.09%

  4. To appoint M/s SS Kothari Mehta & Co. as Statutory Auditors for a term of 5 Consecutive Years as an ordinary Resolution
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 46.24% · promoters 52.23% · institutions 0.20% · other public 30.09%

  5. To appoint Ms. Jaya Yadav as Secretrail Auditor of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 46.24% · promoters 52.23% · institutions 0.20% · other public 30.09%

  6. To ratify the Remunerration Payable to R Krishnan Cost Accountant for the FY 25-26
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 46.24% · promoters 52.23% · institutions 0.20% · other public 30.09%

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, 24 Mar 2025, 3 resolutions

30,535 shareholders on the register on 14 Feb 2025; votes counted by Vikas Kumar Alok / Vikas Alok & Associates.The company's voting result (opens in a new tab)

  1. Approval of Re-appointment of Mr. Dhanendra Kumar, (DIN 05019411), as an Independent Director of the Company.
    Special
    99.99% for0.01% against

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

    Turnout: all 46.06% · promoters 52.23% · institutions 0.01% · other public 30.83%

  2. Approval of Re-appointment of Mr. Vishal Lohia, (DIN 00206458), as Whole-time Director of the Company.
    SpecialPromoters have an interest in it
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.06%

    Turnout: all 6.97% · promoters 0.00% · institutions 0.01% · other public 30.83%

  3. Approval of Material Related Party transaction(s) to be entered with INDORAMA PETROCHEM LIMITED, Thailand.
    OrdinaryPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 6.97% · promoters 0.00% · institutions 0.01% · other public 30.83%

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, 22 Mar 2025, 3 resolutions

30,535 shareholders on the register on 14 Feb 2025; votes counted by Vikas Kumar Alok / Vikas Alok & Associates.The company's voting result (opens in a new tab)

  1. Approval of Re-appointment of Mr. Dhanendra Kumar, (DIN 05019411), as an Independent Director of the Company.
    Special
    99.99% for0.01% against

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

    Turnout: all 46.06% · promoters 52.23% · institutions 0.01% · other public 30.83%

  2. Approval of Re-appointment of Mr. Vishal Lohia, (DIN 00206458), as Whole-time Director of the Company.
    SpecialPromoters have an interest in it
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.06%

    Turnout: all 6.97% · promoters 0.00% · institutions 0.01% · other public 30.83%

  3. Approval of Material Related Party transaction(s) to be entered with INDORAMA PETROCHEM LIMITED, Thailand.
    OrdinaryPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 6.97% · promoters 0.00% · institutions 0.01% · other public 30.83%

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 Sep 2024, 8 resolutions

Present: 4 promoters and 100 others.The company's voting result (opens in a new tab)

  1. Adoption of Annual Accounts
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 45.77% · promoters 52.23% · institutions 0.01% · other public 29.70%

  2. Re-appointment of Vishal Lohia as Director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.01%

    Turnout: all 45.77% · promoters 52.23% · institutions 0.01% · other public 29.70%

  3. Ratification of Remuneration Payable to Cost Auditor
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 45.77% · promoters 52.23% · institutions 0.01% · other public 29.70%

  4. Appointment of Sanjay Thapliyal as Director of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.01%

    Turnout: all 45.77% · promoters 52.23% · institutions 0.01% · other public 29.70%

  5. Appointment of Sanjay Thapliyal as Whole Time Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.01%

    Turnout: all 45.77% · promoters 52.23% · institutions 0.01% · other public 29.70%

  6. Appointment of Mr. Ravi Capoor as Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 45.77% · promoters 52.23% · institutions 0.01% · other public 29.70%

  7. Approval of Related Party Transaction with Indorama Petrochem Limited Thailand
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 6.68% · promoters 0.00% · institutions 0.01% · other public 29.70%

  8. Approval of Related Party Transaction with TPT Petrochemicals Limited, Thailand
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 6.68% · promoters 0.00% · institutions 0.01% · other public 29.70%

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 disputeDepartment of CustomsSince 14 Jan 2025
    No updates during the quarteer, subject to further Procedings
    At the filing before: SCN issued for the recovery of Rs.47,45,164
  • Tax disputeDepartment of Goods & Service TaxSince 1 Mar 2025
    No updates during the quarteer, subject to further Procedings
    At the filing before: Demand Recovery for Rs.4,55,29,736
  • Tax disputeDepartment of Customs ICD MihanSince 3 Feb 2025
    No updates during the quarteer, subject to further Procedings
    At the filing before: Recovery of Rs. 50,635
  • Tax disputeDepartment of Goods & Service TaxSince 20 Mar 2025
    No updates during the quarteer, subject to further Procedings
    At the filing before: Penalty Notice issued for Rs. 75,90,672
  • Tax disputeDepartment of Goods & Service TaxSince 26 Mar 2025
    No updates during the quarteer, subject to further Procedings
    At the filing before: Rectification order Issued for Rs.3,33,56,025
  • Tax disputeDepartment of Goods & Service TaxSince 6 Jun 2025
    No updates during the quarteer, subject to further Procedings
    At the filing before: Recovery of Rs. 69,37,575

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
Yes
The chair is related to the managing director
No
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.