Jayaswal Neco Industries logo

Jayaswal Neco Industries MD, chairman, board of directors and AGM

NSE: JAYNECOINDBSE: 522285Industrial ProductsSmall Cap

Formerly Jayaswals Neco
Last close ₹88.69down ₹2.35 (2.58%)BSE ₹88.65

Share price at the NSE close on 23 Oct 2026. Previous close ₹91.04.

52-week range of traded prices to 23 Oct 2026
₹64.40Low, 8 Dec 2025₹117.00High, 8 May 2026
Market cap
₹8,612 Cr605th largest listed
P/E
12.5
P/B
2.6
Dividend yield
Nonein the last 12 months
ROE
23.4%
ROCE
25.3%
Debt to equity
0.45
Volume, NSE
35,09,54241.5% delivered

Jayaswal Neco Industries 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

  • ChairpersonArvind JayaswalRelated to the promoter
  • Managing directorRamesh Jayaswal
  • Company Secretary and Compliance OfficerASHISH SRIVASTAVA

10 directors5 independent4 executive1 non-executive

  • Arvind Jayaswal · ChairpersonExecutive · joined Nov 1972 · reappointed Jan 2026 · 1 listed board · 1 committee seat
  • Ramesh Jayaswal · Managing directorExecutive · joined Mar 1983 · reappointed Jan 2026 · 1 listed board · 2 committee seats
  • Anand JayaswalNon-executive · joined Jan 2026 · reappointed Jan 2026 · 1 listed board
  • Avneesh JayaswalExecutive · joined Jan 2026 · reappointed Jan 2026 · 1 listed board
  • Sangram Keshari SwainExecutive · joined Nov 2023 · reappointed Nov 2023 · 1 listed board
  • Ashwini KumarIndependent · joined Aug 2021 · reappointed Aug 2024 · 59 months as independent · 1 listed board · 1 as independent
  • Rajendraprasad MohankaIndependent · joined Jul 2018 · reappointed Jul 2023 · 95 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Kumkum RathiIndependent · joined Oct 2021 · reappointed Oct 2024 · 57 months as independent · 1 listed board · 1 as independent
  • Manoj Balkrishna ShahIndependent · joined Oct 2021 · reappointed Oct 2024 · 57 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Vinod Kumar KathuriaIndependent · joined Nov 2021 · reappointed Nov 2024 · 56 months as independent · 6 listed boards · 6 as independent · 6 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.

Committees and meetings

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

  • Board

    • 24 Apr 202610 of 10 present5 independent · 24 days in between
    • 30 Mar 20269 of 10 present4 independent · 71 days in between
    • 17 Jan 202610 of 10 present5 independent

  • Audit Committee

    Chair Manoj Balkrishna Shah

    Ramesh Jayaswal, Rajendraprasad Mohanka, Vinod Kumar Kathuria

    • 24 Apr 20263 of 3 present2 independent · 24 days in between
    • 30 Mar 20263 of 3 present2 independent · 71 days in between
    • 17 Jan 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Manoj Balkrishna Shah

    Rajendraprasad Mohanka, Vinod Kumar Kathuria

    • 24 Apr 20263 of 3 present3 independent · 188 days in between
    • 17 Oct 20253 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Rajendraprasad Mohanka

    Arvind Jayaswal, Ramesh Jayaswal

    • 16 Apr 20263 of 3 present1 independent · 50 days in between
    • 24 Feb 20263 of 3 present1 independent · 32 days in between
    • 22 Jan 20262 of 3 present1 independent · 2 days in between
    • 19 Jan 20263 of 3 present1 independent · 17 days in between
    1 earlier meeting
    • 1 Jan 20263 of 3 present1 independent

  • Risk Management Committee

    Chair Arvind Jayaswal

    Rajendraprasad Mohanka, Kapil Shroff

    • 10 Apr 20262 of 2 present1 independent · 184 days in between
    • 7 Oct 20252 of 2 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 Sep 2026.

  • Chaturvedi & Shah LLPPeer-review certificate valid to Jun 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.

Jayaswal Neco Industries 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.Jayaswal Neco Industries share news and announcements

Annual general meeting, 12 Sep 2026

1,08,696 shareholders on the register on 5 Sep 2026; present: 29 promoters and 37 others; votes counted by Rachana Daga / R.A. Daga & Co..The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2026 and the reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 67.34% · promoters 99.97% · institutions 35.10% · other public 27.00%

  2. To appoint a Director in place of Shri Arvind Jayaswal (DIN: 00249864), who retires by rotation as a Director at this Annual General Meeting and being eligible offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.07% · other public 0.01%

    Turnout: all 12.26% · promoters 0.00% · institutions 35.10% · other public 27.00%

  3. To appoint a Director in place of Shri Ramesh Jayaswal (DIN: 00249947), who retires by rotation as a Director at this Annual General Meeting and being eligible offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.07% · other public 0.01%

    Turnout: all 12.26% · promoters 0.00% · institutions 35.10% · other public 27.00%

  4. To consider the re-appointment of M/s Chaturvedi & Shah LLP, Chartered Accountants, as Statutory Auditors of the Company and to fix their remuneration.
    Ordinary
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 19.60% · other public 0.01%

    Turnout: all 67.34% · promoters 99.97% · institutions 35.10% · other public 27.00%

  5. To ratify the remuneration of Cost Auditors for the financial year ending 31st March, 2027.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 67.34% · promoters 99.97% · institutions 35.10% · other public 27.00%

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.

Extraordinary general meeting, 21 May 2026, 2 resolutions

98,109 shareholders on the register on 14 May 2026; present: 27 promoters and 19 others; votes counted by Rachana Daga / R.A. Daga & Co..The company's voting result (opens in a new tab)

  1. AMENDMENT TO THE ARTICLES OF ASSOCIATION OF THE COMPANY
    Special
    100.00% for0.00% against

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

    Turnout: all 67.66% · promoters 99.86% · institutions 23.79% · other public 28.24%

  2. ISSUANCE OF WARRANTS BY WAY OF A PREFERENTIAL ISSUE ON A PRIVATE PLACEMENT BASIS
    SpecialPromoters have an interest in it
    98.96% for1.04% against

    Against: promoters 0.00% · institutions 31.62% · other public 0.00%

    Turnout: all 12.59% · promoters 0.00% · institutions 23.79% · other public 28.24%

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, 30 Nov 2025, 5 resolutions

1,02,529 shareholders on the register on 24 Oct 2025; votes counted by Rachana Daga / R.A. Daga & Co..The company's voting result (opens in a new tab)

  1. Re-appointment of Shri Arvind Jayaswal (DIN: 00249864) as Chairman and Whole time Director of the Company w.e.f. 1st January, 2026
    SpecialPromoters have an interest in it
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 7.63% · other public 0.00%

    Turnout: all 12.42% · promoters 0.00% · institutions 23.47% · other public 27.79%

  2. Re-appointment of Shri Ramesh Jayaswal (DIN: 00249947) as Managing Director of the Company w.e.f. 1st January, 2026.
    OrdinaryPromoters have an interest in it
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 7.63% · other public 0.00%

    Turnout: all 12.42% · promoters 0.00% · institutions 23.47% · other public 27.79%

  3. Appointment of Shri Anand Jayaswal (DIN: 00192612) as a Non-Executive Director of the Company w.e.f. 1st January, 2026.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 12.42% · promoters 0.00% · institutions 23.47% · other public 27.79%

  4. Appointment of Shri Avneesh Jayaswal (DIN: 01227404) as a Director of the Company w.e.f. 1st January, 2026.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 12.42% · promoters 0.00% · institutions 23.47% · other public 27.79%

  5. Appointment of Shri Avneesh Jayaswal (DIN: 01227404) as a Whole Time Director designated as an Executive Director of the Company w.e.f. 1st January, 2026.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 12.42% · promoters 0.00% · institutions 23.47% · other public 27.79%

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, 10 Sep 2025, 4 resolutions

1,03,997 shareholders on the register on 3 Sep 2025; present: 26 promoters and 32 others; votes counted by Rachana Daga / R.A. Daga & Co..The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2025 and the reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 66.75% · promoters 100.00% · institutions 1.38% · other public 26.65%

  2. To appoint a Director in place of Shri Sangram Keshari Swain (DIN: 10368704), who retires by rotation at this Annual General Meeting and being eligible offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 66.75% · promoters 100.00% · institutions 1.38% · other public 26.65%

  3. To appoint M/s. R. A. Daga & Co., Company Secretaries, as the Secretarial Auditors of the Company and to fix their remuneration.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 66.75% · promoters 100.00% · institutions 1.38% · other public 26.65%

  4. To ratify the remuneration of Cost Auditors for the financial year ending 31st March, 2026.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 66.75% · promoters 100.00% · institutions 1.38% · other public 26.65%

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, 28 Sep 2024, 8 resolutions

Present: 18 promoters and 33 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statementsnof the Company for the Financial Year ended 31st March,n2024 and the reports of the Board of Directors andnAuditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.01% · promoters 100.00% · institutions 0.00% · other public 25.52%

  2. To appoint a Director in place of Shri Arvind Jayaswaln(DIN: 00249864), who retires by rotation at this AnnualnGeneral Meeting and being eligible offers himself fornre-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 11.99% · promoters 0.00% · institutions 0.00% · other public 25.52%

  3. Re-appointment of Shri Manoj Balkrishna Shahn(DIN: 00010473) as an Independent Director.
    Special
    100.00% for0.00% against

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

    Turnout: all 65.01% · promoters 100.00% · institutions 0.00% · other public 25.52%

  4. Re-appointment of Smt. Kumkum Rathin(DIN: 03128864) as an Independent Director.
    Special
    100.00% for0.00% against

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

    Turnout: all 65.01% · promoters 100.00% · institutions 0.00% · other public 25.52%

  5. Re-appointment of Shri Vinod Kumar Kathurian(DIN: 06662559) as an Independent Director.
    Special
    100.00% for0.00% against

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

    Turnout: all 65.01% · promoters 100.00% · institutions 0.00% · other public 25.52%

  6. Revision in Remuneration of Shri Avneesh Jayaswal,nGroup Director, related party holding the office ornplace of profit.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 11.99% · promoters 0.00% · institutions 0.00% · other public 25.52%

  7. To approve the alterations to the Articles of Associationnof the Company.
    Special
    100.00% for0.00% against

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

    Turnout: all 65.01% · promoters 100.00% · institutions 0.00% · other public 25.52%

  8. To ratify the remuneration of Cost Auditors for thenfinancial year ending 31st March, 2025.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.01% · promoters 100.00% · institutions 0.00% · other public 25.52%

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 Dec 2023, 7 resolutions

Present: 18 promoters and 23 others.The company's voting result (opens in a new tab)

  1. To approve the re-designation of Shri Arvind Jayaswal (DIN:00249864) as Whole-time Director designated as ‘Executive Chairman’ of the Board.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 11.98% · promoters 0.00% · institutions 0.00% · other public 23.07%

  2. To approve the re-designation of Shri Ramesh Jayaswal (DIN:00249947) as ‘Managing Director’ of the Company.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 11.98% · promoters 0.00% · institutions 0.00% · other public 23.07%

  3. To approve the appointment of Shri Sangram K. Swain (DIN: 10368704) as a Director of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 60.02% · promoters 100.00% · institutions 0.00% · other public 23.07%

  4. To approve the appointment and remuneration of Shri Sangram K. Swain (DIN: 10368704) as an Executive Director of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 60.02% · promoters 100.00% · institutions 0.00% · other public 23.07%

  5. To approve the re-appointment of Shri Ashwini Kumar (DIN: 07694424) as an Independent Director
    Special
    100.00% for0.00% against

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

    Turnout: all 60.02% · promoters 100.00% · institutions 0.00% · other public 23.07%

  6. To approve the alterations to the Articles of Association of the Company.
    Special
    100.00% for0.00% against

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

    Turnout: all 60.02% · promoters 100.00% · institutions 0.00% · other public 23.07%

  7. To approve entering into an arrangement between the Promoters of the Company and the ACRE Trusts for transfer of certain shares to the Promoters.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 11.98% · promoters 0.00% · institutions 0.00% · other public 23.07%

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, 5 resolutions

Present: 18 promoters and 32 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2023 and the reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 59.99% · promoters 100.00% · institutions 0.00% · other public 23.00%

  2. To appoint a Director in place of Shri Arvind Jayaswal (DIN: 00249864), who retires by rotation at this Annual General Meeting 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 0.00%

    Turnout: all 11.95% · promoters 0.00% · institutions 0.00% · other public 23.00%

  3. To appoint a Director in place of Shri Ramesh Jayaswal (DIN: 00249947), who retires by rotation at this Annual General Meeting 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 0.00%

    Turnout: all 11.95% · promoters 0.00% · institutions 0.00% · other public 23.00%

  4. Re-Appointment of Shri Rajendraprasad Sriniwas Mohanka (DIN: 00235850) as an Independent Director.
    Special
    100.00% for0.00% against

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

    Turnout: all 59.99% · promoters 100.00% · institutions 0.00% · other public 23.00%

  5. To ratify the remuneration of Cost Auditors for the financial year ending 31st March, 2024.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 59.99% · promoters 100.00% · institutions 0.00% · other public 23.00%

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.

Postal ballot, 24 Mar 2023, 2 resolutions

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

  1. RE-APPOINTMENT OF SHRI ARVIND JAYASWAL AS THE MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER (CEO),FOUNDRY DIVISION OF THE COMPANY.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 11.99% · promoters 0.00% · institutions 0.00% · other public 23.08%

  2. RE-APPOINTMENT OF SHRI RAMESH JAYASWAL AS THE JOINT MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER (CEO), STEEL PLANT DIVISION OF THE COMPANY
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 11.99% · promoters 0.00% · institutions 0.00% · other public 23.07%

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.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 12 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)

  • To consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2026 and the reports of the Board of Directors and Auditors thereon.
    1 for0 against
  • To appoint a Director in place of Shri Arvind Jayaswal (DIN: 00249864), who retires by rotation as a Director at this Annual General Meeting and being eligible offers himself for re-appointment
    1 for0 against
  • To appoint a Director in place of Shri Ramesh Jayaswal (DIN: 00249947), who retires by rotation as a Director at this Annual General Meeting and being eligible offers himself for re-appointment.
    1 for0 against
  • To consider the re-appointment of M/s Chaturvedi & Shah LLP, Chartered Accountants, as Statutory Auditors of the Company and to fix their remuneration.
    Against Angel One Mutual Fund
    • Angel One Mutual FundProposed audit fee payable to Statutory Auditors not disclosed.
    0 for1 against
  • To ratify the remuneration of Cost Auditors for the financial year ending 31st March, 2027.
    1 for0 against

Mutual fund votes, meeting of 21 May 2026, 6 fund houses

  • AMENDMENT TO THE ARTICLES OF ASSOCIATION OF THE COMPANY
    6 for0 against
  • ISSUANCE OF WARRANTS BY WAY OF A PREFERENTIAL ISSUE ON A PRIVATE PLACEMENT BASIS
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance and Transparency concern: Warrants have been priced at par with equity shares. Further, the Company has not provided sufficient justification for selecting a particular promoter group entity as the allottee, resulting in a lack of clarity on the overall rationale of the proposed issuance of convertible warrants and the basis of selecting the allottee.
    • Bandhan Mutual Fund, Groww Mutual FundCompliant with law. Governance and Transparency concern: Warrants have been priced at par with equity shares as it is proposed to be issued at the floor price determined under Chapter V of the SEBI (ICDR) Regulations, 2018, without any premium. Further, the Company has not provided sufficient justification for selecting a particular promoter group entity as the allottee, resulting in a lack of clarity on the overall rationale of the proposed issuance of convertible warrants and the basis of selecting the allottee.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Motilal Oswal Mutual FundInadequate rationale for proposed fund raising via issuance of convertible warrants; Warrants & Equity Shares priced at par; basis of selecting the promoter group entity as allottee remains unclear.
    1 for5 against
2 earlier meetings

Mutual fund votes, meeting of 30 Nov 2025, 1 fund house

  • Re-appointment of Shri Arvind Jayaswal (DIN: 00249864) as Chairman and Whole time Director of the Company w.e.f. 1st January, 2026
    1 for0 against
  • Re-appointment of Shri Ramesh Jayaswal (DIN: 00249947) as Managing Director of the Company w.e.f. 1st January, 2026.
    1 for0 against
  • Appointment of Shri Anand Jayaswal (DIN: 00192612) as a Non-Executive Director of the Company w.e.f. 1st January, 2026.
    1 for0 against
  • Appointment of Shri Avneesh Jayaswal (DIN: 01227404) as a Director of the Company w.e.f. 1st January, 2026.
    1 for0 against
  • Appointment of Shri Avneesh Jayaswal (DIN: 01227404) as a Whole Time Director designated as an Executive Director of the Company w.e.f. 1st January, 2026.
    1 for0 against

Mutual fund votes, meeting of 10 Sep 2025, 1 fund house

  • To consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2025 and the reports of the Board of Directors and Auditors thereon.
    1 for0 against
  • To appoint a Director in place of Shri Sangram Keshari Swain (DIN: 10368704), who retires by rotation at this Annual General Meeting and being eligible offers himself for re-appointment.
    1 for0 against
  • To appoint M/s. R. A. Daga & Co., Company Secretaries, as the Secretarial Auditors of the Company and to fix their remuneration.
    1 for0 against
  • To ratify the remuneration of Cost Auditors for the financial year ending 31st March, 2026.
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines and tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyCentral Ground water BoardSince 17 Apr 2026

    Penalty Imposed

    1. Non Installation/ Faulty digital flow meter with telemetry system. 2. Non Maintainance of Log book of daily withdrawal/ non submission of ground water substraction data
  • Tax disputePrincipal Commissioner, CGST, Customs & Central Excise, Raipur, CG.Since 6 May 2014
    No Change
    At the filing before: Show Cause Notice Dt. 06.05.2014 is issued by the Central Excise department for denial of Input Tax Credit of Rs.12.26 Crores on Banking services & Rs.1.08 Crores on Structural Steel. Since the matter of availability of Credit on Structural Steel is pending for finality before Hon'ble Supreme Court hence this Show Cause Notice is kept pending by the department for adjudication. Similar matter of credit on Banking services is already decided in our favour. Up to June 26 total amount of demand + interest + penalty is Rs. 61.84 Cr. (Aprox).MoreLess
  • Tax disputePrincipal Commissioner, CGST, Customs & Central Excise, Raipur, CG.Since 16 Aug 2018
    No Change
    At the filing before: We were issued Show Cause Notice on 07.03.2011 for denial of Credit of Rs.31.45 Crores towards denial of credit on projects financed by other then Banking Companies (28 Crores) and denial of credit on Structural Steel. Entire demand was dropped by the Commissioner of Central Excise in 2012. Also Department Appeals were rejected by Tribunal & High Court. Now, Department has preferred Appeal before Hon'ble Supreme Court in 2018. Vide Order dated 10.02.2026 Hon'ble Supreme court has disposed of the SLP on Low tax effect but keeping open question of Law if any. Total amount up to June 26 including interest & penalty is Rs.161.52 Crores (Aprox.).MoreLess
  • Tax disputePrincipal Commissioner, CGST, Customs & Central Excise, Raipur, CG.Since 29 Dec 2023
    Now, vide order dated 27.02.2026, demand of Rs.13.30 crores is confirmed with interest & eqivalent penalty. Appeal filled on 28.05.26.
    At the filing before: Department required details of payment of GST on Royalty & CAMPA Fund. Before reply to said letter we made payment of Rs.16.02 crores towards differential amount of GST and claimed Input Tax Credit of said amount. Department has issued Show Cause Notice for denial of Input Tax Credit considering that credit has been claimed after enition of enquiry by Department. Out of said demand an amount of Rs.2.72 Crores pertaining to GST on CAMPA Fund is dropped by the department in our matter vide order dated 10.01.2025. Total amount up to June 26 including interest & penalty is Rs.38.45 Crores.MoreLess
  • Tax disputeJoint Commissioner of Sales Tax (Appeals)Since 21 Nov 2025
    Appeal filed on 02-02-2026 with Maharashtra Sales Tax Tribunal
    At the filing before: The Joint Commissioner (Appeals) raised a demand aggregating to Rs. 14,08,03,011, (including tax amount of Rs. 4,57,13,849 and interest of Rs. 9,50,89,162.

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

At most 2 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
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
Yes
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.

How money raised was used

Reported for the quarter to Mar 2026. The company's results filing for the quarter to Sep 2026 says no statement of how money raised was used applies to it.

RaisedAmount raisedForSet asideSpentSpent elsewhere
OthersDec 20251,800.00The subscription proceeds of the NCDs shall be utilised for (a) repayment of the current outstanding debts (Non-Convertible Debentures); (b) payment of costs, fees and expenses incurred in connection with the issue of the NCDs and (c) for other corporate purposes1,800.001,800.00No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.