IZMO logo

IZMO MD, chairman, board of directors and AGM

NSE: IZMOBSE: 532341IT - ServicesSmall Cap

Formerly Logix Microsystems
Last close ₹707.10down ₹21.40 (2.94%)BSE ₹710.15

Share price at the NSE close on 23 Oct 2026. Previous close ₹728.50.

52-week range of traded prices to 23 Oct 2026
₹562.00Low, 1 Feb 2026₹1,175.40High, 17 Jul 2026
Market cap
₹1,059 Cr1,413th largest listed
P/E
19.7
P/B
2.6
Dividend yield
Nonein the last 12 months
ROE
14.0%
ROCE
10.1%
Debt to equity
0.01
Volume, NSE
1,19,51247.3% delivered

IZMO 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

  • ChairpersonShashi Soni
  • Managing directorSanjay Soni
  • Company Secretary and Compliance OfficerVarun Kumar A S

6 directors3 independent3 executive

  • Shashi Soni · ChairpersonExecutive · joined Oct 2010 · reappointed Oct 2025 · 1 listed board
  • Sanjay Soni · Managing directorExecutive · joined Apr 2007 · reappointed Apr 2025 · 1 listed board
  • Kiran SoniExecutive · joined Aug 2020 · reappointed Sep 2023 · 1 listed board
  • Roopsing Noorsing ChawhanIndependent · joined Sep 2024 · 21 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • Vasanth KumarIndependent · joined Feb 2022 · 52 months as independent · 2 listed boards · 2 as independent · 4 committee seats
  • Chethan Raghunath ReddyIndependent · joined Sep 2024 · 21 months as independent · 1 listed board · 1 as independent · 4 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

    • 27 May 20266 of 6 present3 independent · 104 days in between
    • 11 Feb 20266 of 6 present3 independent

  • Audit Committee

    Chair Roopsing Noorsing Chawhan

    Vasanth Kumar, Chethan Raghunath Reddy

    • 27 May 20263 of 3 present3 independent · 104 days in between
    • 11 Feb 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair Roopsing Noorsing Chawhan

    Vasanth Kumar, Chethan Raghunath Reddy

    • 27 May 20263 of 3 present3 independent · 104 days in between
    • 11 Feb 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Roopsing Noorsing Chawhan

    Vasanth Kumar, Chethan Raghunath Reddy

    • 27 May 20263 of 3 present3 independent · 104 days in between
    • 11 Feb 20263 of 3 present3 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.

  • Ramaswamy VijayanandPeer-review certificate valid to May 2029

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.

IZMO 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.IZMO dividend history

Annual general meeting, 25 Sep 2026

32,676 shareholders on the register on 18 Sep 2026; present: 3 promoters and 66 others; votes counted by SYED SHAHABUDDIN / SYED SHAHABUDDIN.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 on March 31, 2026 and the reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 37.13% · promoters 99.92% · institutions 0.35% · other public 3.87%

  2. To re-appoint Mr. Sanjay Soni (DIN: 00609097) Managing Director of the Company, 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 0.04%

    Turnout: all 37.13% · promoters 99.92% · institutions 0.35% · other public 3.87%

  3. RE-APPOINTMENT OF MRS. KIRAN SONI (DIN: 08836616) AS WHOLE TIME DIRECTOR OF THE COMPANY
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 37.13% · promoters 99.92% · institutions 0.35% · other public 3.87%

  4. VOLUNTARY DELISTING OF EQUITY SHARES FROM CALCUTTA STOCK EXCHANGE LIMITED
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 37.13% · promoters 99.92% · institutions 0.35% · other public 3.87%

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, 26 Sep 2025, 4 resolutions

29,411 shareholders on the register on 19 Sep 2025; present: 3 promoters and 75 others; votes counted by SYED SHAHABUDDIN / SYED SHAHABUDDIN.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 on March 31, 2025, and the reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 38.13% · promoters 100.00% · institutions 0.00% · other public 5.23%

  2. To re-appoint Mrs. Kiran Soni (DIN: 08836616) Whole-time Director of the Company, who retires by rotation, and being eligible, offers herself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 38.13% · promoters 100.00% · institutions 0.00% · other public 5.23%

  3. Re-Appointment of Mrs. Shashi Soni (DIN: 00609217) as Whole-Time Director of the Company
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 38.13% · promoters 100.00% · institutions 0.00% · other public 5.23%

  4. To appoint Mr. Syed Shahabuddin (Membership No.: A4121) Practicing Company Secretary as Secretarial Auditor of the Company.
    Ordinary
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.17%

    Turnout: all 38.13% · promoters 100.00% · institutions 0.00% · other public 5.23%

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.

Extraordinary general meeting, 25 Jun 2025, 2 resolutions

23,485 shareholders on the register on 19 Jun 2025; present: 3 promoters and 39 others; votes counted by SYED SHAHABUDDIN / SYED SHAHABUDDIN.The company's voting result (opens in a new tab)

  1. Re-Appointment of Mr. Sanjay Soni (DIN: 00609097) as 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 0.01%

    Turnout: all 38.19% · promoters 100.00% · institutions 1.96% · other public 5.11%

  2. Amendment to the Employee Stock Option Plan 2013
    Special
    99.78% for0.22% against

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

    Turnout: all 38.19% · promoters 100.00% · institutions 1.96% · other public 5.11%

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, 26 Sep 2024, 7 resolutions

Present: 3 promoters and 45 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2024 together with the report of Auditors and Board of Directors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 35.30% · promoters 100.00% · institutions 0.00% · other public 5.44%

  2. To re-appoint Mrs. Shashi Soni (DIN 00609217) Whole-time Director of the Company, who retires by rotation, and being eligible, offers herself for re-appointment
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 35.30% · promoters 100.00% · institutions 0.00% · other public 5.44%

  3. TO APPOINT MR. ROOPSING NOORSING CHAWHAN (DIN: 00568833) AS A NON-EXECUTIVE INDEPENDENT DIRECTOR OF THE COMPANY, NOT LIABLE TO RETIRE BY ROTATION FOR A TERM OF 5(FIVE) CONSECUTIVE YEARS
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 35.30% · promoters 100.00% · institutions 0.00% · other public 5.44%

  4. TO APPOINT MR. CHETHAN RAGHUNATH REDDY (DIN: 10697692) AS A NON-EXECUTIVE INDEPENDENT DIRECTOR OF THE COMPANY, NOT LIABLE TO RETIRE BY ROTATION FOR A TERM OF 5(FIVE) CONSECUTIVE YEARS
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 35.30% · promoters 100.00% · institutions 0.00% · other public 5.44%

  5. TO CONSIDER AND APPROVE FOR GIVING AUTHORIZATION TO BOARD OF DIRECTORS UNDER SECTION 180(1)(A), SECTION 180(1)(C) OF THE COMPANIES ACT, 2013 UPTO AN AGGREGATE LIMIT OF RS. 1000 CRORE (RUPEES ONE THOUSAND CRORE ONLY)MoreLess
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 35.30% · promoters 100.00% · institutions 0.00% · other public 5.44%

  6. TO CONSIDER AND APPROVE FOR GIVING AUTHORIZATION TO BOARD OF DIRECTORS TO ADVANCE ANY LOAN, GIVE ANY GUARANTEE OR TO PROVIDE ANY SECURITY TO ALL SUCH PERSON SPECIFIED UNDER SECTION 185 OF THE COMPANIES ACT, 2013 UPTO AN AGGREGATE LIMIT OF RS. 500,00,00,000 (RUPEES FIVE HUNDRED CRORE ONLY)MoreLess
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 35.30% · promoters 100.00% · institutions 0.00% · other public 5.44%

  7. TO CONSIDER AND APPROVE FOR GIVING AUTHORIZATION TO BOARD OF DIRECTORS UNDER SECTION 186 OF THE COMPANIES ACT, 2013 UPTO AN AGGREGATE LIMIT OF RS. 500,00,00,000/- (RUPEES FIVE HUNDRED CRORE ONLY)
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 35.30% · promoters 100.00% · institutions 0.00% · other public 5.44%

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, 26 Sep 2023, 3 resolutions

Present: 3 promoters and 66 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2023 together with the report of Auditors and Board of Directors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 32.46% · promoters 100.00% · institutions 0.00% · other public 5.56%

  2. To re-appoint Mrs. Kiran Soni (DIN: 08836616) Whole-time Director of the Company, who retires by rotation, and being eligible, offers herself for re-appointment
    OrdinaryPromoters have an interest in it
    99.76% for0.24% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.24%

    Turnout: all 3.91% · promoters 0.00% · institutions 0.00% · other public 5.56%

  3. To Re-appoint Mrs. Kiran Soni (DIN: 08836616) as a Whole Time Director of the Company:
    SpecialPromoters have an interest in it
    99.76% for0.24% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.24%

    Turnout: all 3.91% · promoters 0.00% · institutions 0.00% · other public 5.56%

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.

Extraordinary general meeting, 21 Apr 2023, 1 resolution

Present: 2 promoters and 51 others.The company's voting result (opens in a new tab)

  1. To Approve the Issuance of Warrants Convertible into Equity Shares to thenProposed Allottees, on a Preferential Basis:
    SpecialPromoters have an interest in it
    96.76% for3.24% against

    Against: promoters 0.00% · institutions 0.00% · other public 23.11%

    Turnout: all 33.29% · promoters 100.00% · institutions 0.00% · other public 6.65%

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, 26 Sep 2022, 4 resolutions

Present: 3 promoters and 68 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2022 together with the report of Auditors and Board of Directors thereon.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 33.06% · promoters 100.00% · institutions 0.00% · other public 6.33%

  2. Re-appointment of Mr. Sanjay Soni (DIN:00609097), as Director of the Company ,liable to retire by rotation.
    OrdinaryPromoters have an interest in it
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.43%

    Turnout: all 33.06% · promoters 100.00% · institutions 0.00% · other public 6.33%

  3. Appointment of Mr. Ramaswamy Vijayanand, Chartered Accountant (Membership No.: 202118), as the Statutory Auditor of the Company for a period of 5 (five) consecutive years from conclusion of 27th Annual General Meeting until the conclusion of 32nd Annual General Meeting and fix the remuneration.MoreLess
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.38%

    Turnout: all 33.06% · promoters 100.00% · institutions 0.00% · other public 6.33%

  4. Re-appointment of Mrs. Shashi Soni (DIN: 00609217) as Whole Time Director of the Company
    SpecialPromoters have an interest in it
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.43%

    Turnout: all 33.06% · promoters 100.00% · institutions 0.00% · other public 6.33%

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.

Extraordinary general meeting, 14 May 2022, 2 resolutions

Present: 3 promoters and 43 others.The company's voting result (opens in a new tab)

  1. To re-appoint Mr. Sanjay Soni (DIN: 00609097) as 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 0.01%

    Turnout: all 32.70% · promoters 100.00% · institutions 0.00% · other public 5.76%

  2. To appoint Mr. Vasanth Kumar (DIN-03570216) as Non-Executive Independent Director of the Company, not liable to retire by rotation for a period of 5 (Five) consecutive years.
    Special
    100.00% for0.00% against

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

    Turnout: all 32.70% · promoters 100.00% · institutions 0.00% · other public 5.76%

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 disputeTransfer Pricing officerSince 20 Jan 2009
    AO to give effect to the ITAT order
  • Tax disputeTransfer Pricing officerSince 25 Apr 2013
    Rectification filed with the AO; Appeal filed with the HC
  • Tax disputeTransfer Pricing officerSince 23 Apr 2014
    Pending before Karnataka High Court
  • Tax disputeTransfer Pricing officerSince 7 Apr 2015
    Pending before Karnataka High Court
  • Tax disputeIncome Tax Officer and Transfer Pricing officerSince 20 Mar 2020
    Pending before CIT (Appeals)
  • Tax disputeIncome Tax OfficerSince 27 Apr 2016
    AO to give effect to CIT (A) order
  • Tax disputeIncome Tax Officer and Transfer Pricing officerSince 9 Mar 2018
    Pending before CIT (Appeals)
  • Tax disputeIncome Tax OfficerSince 22 Jan 2020
    Pending before CIT (Appeals)

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
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.