Jindal Drilling and Industries logo

Jindal Drilling and Industries MD, chairman, board of directors and AGM

NSE: JINDRILLBSE: 511034OilSmall Cap

Last close ₹516.30up ₹4.65 (0.91%)BSE ₹516.50

Share price at the NSE close on 23 Oct 2026. Previous close ₹511.65.

52-week range of traded prices to 23 Oct 2026
₹440.10Low, 2 Mar 2026₹704.40High, 10 Sep 2026
Market cap
₹1,496 Cr1,271st largest listed
P/E
7.8
P/B
0.8
Dividend yield
0.19%
ROE
11.2%
ROCE
10.1%
Debt to equity
0.05
Volume, NSE
5,28,99616.1% delivered

Jindal Drilling and 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

  • ChairpersonDHARAM PAL JINDALRelated to the promoter
  • Managing directorRAGHAV JINDAL
  • Company Secretary and Compliance OfficerBinaya Kumar Dash

6 directors3 independent1 executive2 non-executive

  • DHARAM PAL JINDAL · ChairpersonNon-executive · joined Oct 1983 · reappointed Apr 2015 · 2 listed boards · 3 committee seats, 1 as chair
  • RAGHAV JINDAL · Managing directorExecutive · joined May 1998 · reappointed Aug 2023 · 2 listed boards · 2 committee seats
  • SHIV KUMAR SINGHALNon-executive · joined Nov 2020 · 2 listed boards · 1 as independent
  • RAJ KAMAL AGARWALIndependent · joined Feb 2020 · reappointed Nov 2025 · 68 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • PATTAMADAI NATARAJASARMA VIJAYIndependent · joined Sep 2024 · reappointed Sep 2024 · 21 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 2 as chair
  • SARITA AGRAWALIndependent · joined Sep 2024 · reappointed Sep 2024 · 21 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 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.

1 director who left
  • SUNIL ARORA, left 31 Jul 2025: Others

Committees and meetings

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

  • Board

    • 22 May 20266 of 6 present3 independent · 113 days in between
    • 28 Jan 20265 of 6 present3 independent

  • Audit Committee

    Chair PATTAMADAI NATARAJASARMA VIJAY

    DHARAM PAL JINDAL, RAJ KAMAL AGARWAL

    • 22 May 20263 of 3 present2 independent · 113 days in between
    • 28 Jan 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair SARITA AGRAWAL

    DHARAM PAL JINDAL, RAJ KAMAL AGARWAL

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair SARITA AGRAWAL

    RAGHAV JINDAL, SHIV KUMAR SINGHAL

    • 3 Mar 20263 of 3 present1 independent · 54 days in between
    • 7 Jan 20263 of 3 present1 independent

  • Risk Management Committee

    Chair RAGHAV JINDAL

    SARITA AGRAWAL, PAWAN KUMAR RUSTAGI

    • 28 Jan 20262 of 2 present1 independent

  • Corporate Social Responsibility Committee

    Chair RAGHAV JINDAL

    SARITA AGRAWAL, SHIV KUMAR SINGHAL

    • 22 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.

  • Kanodia Sanyal & AssociatesPeer-review certificate valid to Apr 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.

Jindal Drilling and 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.Jindal Drilling and Industries dividend history

Annual general meeting, 15 Sep 2026

41,904 shareholders on the register on 8 Sep 2026; present: 16 promoters and 45 others; votes counted by Shawant Raj / S Raj & Associates.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements (including Audited Consolidated Financial Statements) of the Company for the financial year ended 31st March, 2026, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    93.32% for6.68% against

    Against: promoters 0.00% · institutions 0.00% · other public 57.43%

    Turnout: all 74.20% · promoters 98.00% · institutions 8.06% · other public 27.25%

  2. To declare Dividend on Equity Shares
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.20% · promoters 98.00% · institutions 8.06% · other public 27.25%

  3. To re-appoint Mr. Shiv Kumar Singhal, Director (DIN: 00940261), who retires by rotation.
    Ordinary
    93.32% for6.68% against

    Against: promoters 0.00% · institutions 0.00% · other public 57.43%

    Turnout: all 74.20% · promoters 98.00% · institutions 8.06% · other public 27.25%

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.

Annual general meeting, 28 Aug 2025, 6 resolutions

34,122 shareholders on the register on 21 Aug 2025; present: 14 promoters and 45 others; votes counted by Shawant Raj / S. Raj & Associates.The company's voting result (opens in a new tab)

  1. Ordinary Resolution Adoption of: a) The Audited Financial Statements of the Company for the financial year ended 31st March, 2025, together with the Reports of the Directors and Auditors thereon; and b) The Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    93.83% for6.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 41.26%

    Turnout: all 75.98% · promoters 98.18% · institutions 69.87% · other public 33.92%

  2. Declaration of dividend on equity shares
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.98% · promoters 98.18% · institutions 69.87% · other public 33.92%

  3. Re-appointment of Mr. Dharam Pal Jindal as a Director, who retires by rotation
    Special
    93.83% for6.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 41.26%

    Turnout: all 75.98% · promoters 98.18% · institutions 69.87% · other public 33.92%

  4. Re-appointment of Dr. Raj Kamal Aggarwal as an Independent Director for second Term for five (5) consecutive year w.e.f. 10th November 2025
    Special
    93.56% for6.44% against

    Against: promoters 0.00% · institutions 12.28% · other public 41.26%

    Turnout: all 75.98% · promoters 98.18% · institutions 69.87% · other public 33.92%

  5. Appointment of M/s Ajit Mishra & Associates, Company Secretaries, as the Secretarial Auditors of the Company for a term of five (5) consecutive years.
    Ordinary
    93.83% for6.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 41.26%

    Turnout: all 75.98% · promoters 98.18% · institutions 69.87% · other public 33.92%

  6. Approval of material related party transactions with Maharashtra Seamless Limited
    OrdinaryPromoters have an interest in it
    63.98% for36.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 41.26%

    Turnout: all 13.02% · promoters 0.00% · institutions 69.87% · other public 33.92%

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 Aug 2024, 5 resolutions

Present: 14 promoters and 42 others.The company's voting result (opens in a new tab)

  1. Ordinary Resolution for adoption of: n(a) Audited Financial Statements of the Company for the financial year ended 31st March, 2024 together with the reports of the Board of Directors' and Auditors' thereon; and nn(b) Audited Consolidated Financial Statements of the Company n for the financial year ended 31st March, 2024 together with the nreport of the Auditors' thereon.nMoreLess
    Ordinary
    88.53% for11.47% against

    Against: promoters 0.00% · institutions 0.00% · other public 71.68%

    Turnout: all 77.00% · promoters 98.93% · institutions 74.36% · other public 35.97%

  2. Declaration of dividend on equity shares
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.00% · promoters 98.93% · institutions 74.36% · other public 35.97%

  3. Appointment of Mr. Shiv Kumar Singhal (DIN: 00940261) as Director who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    87.08% for12.92% against

    Against: promoters 0.00% · institutions 100.00% · other public 71.68%

    Turnout: all 77.00% · promoters 98.93% · institutions 74.36% · other public 35.97%

  4. Appointment of Mr Pattamadai Natarajasarma Vijay (DIN: 00049992) as a Non-Executive Independent Director of the Company
    Special
    87.17% for12.83% against

    Against: promoters 0.00% · institutions 93.96% · other public 71.68%

    Turnout: all 77.00% · promoters 98.93% · institutions 74.36% · other public 35.97%

  5. Appointment of Mrs Sarita Agrawal (DIN: 10713045) as a Non-Executive, Independent Director of the Company
    Special
    87.17% for12.83% against

    Against: promoters 0.00% · institutions 93.96% · other public 71.68%

    Turnout: all 77.00% · promoters 98.93% · institutions 74.36% · other public 35.97%

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 Mar 2024, 1 resolution

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

  1. Approval of material related party transactions with Discovery Drilling Pte. Ltd. (DDPL)
    OrdinaryPromoters have an interest in it
    62.77% for37.23% against

    Against: promoters 0.00% · institutions 5.06% · other public 38.26%

    Turnout: all 23.79% · promoters 0.00% · institutions 71.44% · other public 64.81%

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 Aug 2023, 5 resolutions

Present: 13 promoters and 46 others.The company's voting result (opens in a new tab)

  1. To consider and adopt n(a) the Audited Financial Statements of the Company for the financial year ended 31st March, 2023, together with the Reports of the Board of Directors and Auditors thereon (b) the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2023 together with Report of Auditors’ thereonMoreLess
    Ordinary
    89.72% for10.28% against

    Against: promoters 0.00% · institutions 0.00% · other public 38.54%

    Turnout: all 85.78% · promoters 99.13% · institutions 17.64% · other public 63.00%

  2. Declaration of dividend of Rs. 0.50 (10 %) per Equity Share of Rs. 5/- for the financial year ended 31st March, 2023.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 85.84% · promoters 99.13% · institutions 38.88% · other public 63.00%

  3. Appointment of a Director in place of, Mr. D. P. Jindal who retires by rotation and being eligible, offers himself fornre-appointment.
    Special
    89.60% for10.40% against

    Against: promoters 0.00% · institutions 100.00% · other public 38.54%

    Turnout: all 85.84% · promoters 99.13% · institutions 38.88% · other public 63.00%

  4. Reappointment of Mr. Raghav Jindal as Managing Director of the Company for a period of 5 year w.e.f. 13th August, 2023.
    Ordinary
    89.73% for10.27% against

    Against: promoters 0.00% · institutions 0.00% · other public 38.54%

    Turnout: all 85.84% · promoters 99.13% · institutions 38.88% · other public 63.00%

  5. Approval of material related party transactions with Virtue Drilling Pte. Ltd.
    OrdinaryPromoters have an interest in it
    61.32% for38.68% against

    Against: promoters 0.00% · institutions 0.00% · other public 38.87%

    Turnout: all 22.99% · promoters 0.00% · institutions 38.88% · other public 63.00%

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, 21 Sep 2022, 5 resolutions

Present: 17 promoters and 44 others.The company's voting result (opens in a new tab)

  1. To consider and adopt :na. the Audited Financial Statements of the Company for the financial year ended 31st March, 2022 together with the Reports of Board of Directors and Auditors thereon; andnb. the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2022 together with the Report of Auditors thereonnMoreLess
    Ordinary
    88.87% for11.13% against

    Against: promoters 0.00% · institutions 0.00% · other public 65.39%

    Turnout: all 79.24% · promoters 96.78% · institutions 98.86% · other public 42.06%

  2. Ordinary Resolution for declaration of dividend of Re. 0.50 (10%) per Equity Share of Rs. 5/- each for the financial year ended 31st March, 2022.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.24% · promoters 96.78% · institutions 98.86% · other public 42.06%

  3. Ordinary Resolution for appointment of a director in place of Mr. Shiv Kumar Singhal (DIN: 00940261), who retired by rotation and being eligible, offered himself for re-appointment.
    Ordinary
    88.23% for11.77% against

    Against: promoters 0.00% · institutions 100.00% · other public 65.39%

    Turnout: all 79.24% · promoters 96.78% · institutions 98.86% · other public 42.06%

  4. Ordinary Resolution for re-appointment of M/s Kanodia Sanyal & Associates, Chartered Accountants (Firm Registration No. 008396N) as Statutory Auditors of the Company and to fix their remuneration.
    Ordinary
    88.23% for11.77% against

    Against: promoters 0.00% · institutions 100.00% · other public 65.39%

    Turnout: all 79.24% · promoters 96.78% · institutions 98.86% · other public 42.06%

  5. Special Resolution for appointment of Mr. Sunil Arora (DIN: 00283209) as an Independent Director of the Company for a term of 5 (five) years w.e.f. 1st July, 2022.
    Special
    88.87% for11.13% against

    Against: promoters 0.00% · institutions 0.00% · other public 65.43%

    Turnout: all 79.24% · promoters 96.78% · institutions 98.86% · other public 42.06%

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, 26 Mar 2022, 2 resolutions

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

  1. Approval of material related party transactions with Virtue Drilling Pte. Ltd.
    OrdinaryPromoters have an interest in it
    64.20% for35.80% against

    Against: promoters 0.00% · institutions 0.00% · other public 76.73%

    Turnout: all 24.47% · promoters 18.89% · institutions 65.52% · other public 35.56%

  2. Approval of material related party transactions with Maharashtra Seamless Limited
    OrdinaryPromoters have an interest in it
    64.20% for35.80% against

    Against: promoters 0.00% · institutions 0.00% · other public 76.73%

    Turnout: all 24.47% · promoters 18.89% · institutions 65.52% · other public 35.56%

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.

Annual general meeting, 28 Sep 2021, 8 resolutions

Present: 14 promoters and 37 others.The company's voting result (opens in a new tab)

  1. Adoption of: a) The Audited Financial Statement of the Company for the financial year ended 31st March, 2021, together with the Reports of the Directors and Auditors thereon. b) The Audited Consolidated Financial Statement of the Company for the financial year ended 31st March, 2021, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    87.13% for12.87% against

    Against: promoters 0.00% · institutions 0.00% · other public 82.20%

    Turnout: all 70.14% · promoters 87.75% · institutions 0.00% · other public 33.79%

  2. Declaration of Dividend on equity shares of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.14% · promoters 87.75% · institutions 0.00% · other public 33.79%

  3. Appointment of Mr. D. P. Jindal, who retires by rotation andnbeing eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    87.13% for12.87% against

    Against: promoters 0.00% · institutions 0.00% · other public 82.21%

    Turnout: all 70.14% · promoters 87.75% · institutions 0.00% · other public 33.79%

  4. Appointment of Mr. S. K. Singhal as Non- Executive, Non- Independednt Director, who is retire by rotation.
    Ordinary
    87.12% for12.88% against

    Against: promoters 0.00% · institutions 0.00% · other public 82.27%

    Turnout: all 70.14% · promoters 87.75% · institutions 0.00% · other public 33.78%

  5. Appointment of Mr. Raj Kamal Aggarwal as an Independent Director of the Company for a term of 5 (five) consecutive years w.e.f. 10th November, 2020 to 9th November, 2025.
    Special
    87.12% for12.88% against

    Against: promoters 0.00% · institutions 0.00% · other public 82.24%

    Turnout: all 70.14% · promoters 87.75% · institutions 0.00% · other public 33.79%

  6. Approval of transaction(s) with Virtue Drilling PTELtd., Singapore, a related party
    OrdinaryPromoters have an interest in it
    86.81% for13.19% against

    Against: promoters 0.00% · institutions 0.00% · other public 82.24%

    Turnout: all 68.47% · promoters 85.28% · institutions 0.00% · other public 33.79%

  7. Approval of transaction(s) with Maharashtra Seamless Limited, a related party.
    OrdinaryPromoters have an interest in it
    86.82% for13.18% against

    Against: promoters 0.00% · institutions 0.00% · other public 82.21%

    Turnout: all 68.47% · promoters 85.28% · institutions 0.00% · other public 33.79%

  8. Approval of transaction(s) with Jindal Pipes Limited, a related party.
    OrdinaryPromoters have an interest in it
    86.81% for13.19% against

    Against: promoters 0.00% · institutions 0.00% · other public 82.24%

    Turnout: all 68.47% · promoters 85.28% · institutions 0.00% · other public 33.79%

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.

How mutual funds voted

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

Mutual fund votes, meeting of 28 Aug 2024, 1 fund house

  • Ordinary Resolution for adoption of: n(a) Audited Financial Statements of the Company for the financial year ended 31st March, 2024 together with the reports of the Board of Directors' and Auditors' thereon; and nn(b) Audited Consolidated Financial Statements of the Company n for the financial year ended 31st March, 2024 together with the nreport of the Auditors' thereon.nMoreLess
    1 for0 against
  • Declaration of dividend on equity shares
    1 for0 against
  • Appointment of Mr. Shiv Kumar Singhal (DIN: 00940261) as Director who retires by rotation and being eligible, offers himself for re-appointment
    Against Bandhan Mutual Fund
    • Bandhan Mutual FundShiv Kumar Singhal, 63, is former Executive Director of Maharashtra Seamless Ltd, a D P Jindal group company. He attended three out of five (60%) board meetings held in FY24 and 54% of board meetings held in the last three years. We expect directors to attend all board meetings and have a threshold of 75% over a three-year period. While his reappointment is in line with statutory requirements, we are unable to support the resolution given his low attendance.
    0 for1 against
  • Appointment of Mr Pattamadai Natarajasarma Vijay (DIN: 00049992) as a Non-Executive Independent Director of the Company
    Against Bandhan Mutual Fund
    • Bandhan Mutual Fund"P N Vijay, 73, is former Vice President and Country Head, Merchant Banking, Citibank. Public sources suggest that he is the founder of P N Vijay Financial Services Limited which is engaged in providing merchant banking services. The shareholder notice provides inadequate clarity on his prior work experience – we expect the company to provide detailed disclosures with respect to work experience of directors proposed to be appointed. He will attain the age of 75 during his proposed tenure - we do not consider age to be a criterion for board memberships. We raise concern that he has been a director on the board of Maharashtra Seamless Limited, a D P Jindal group company for over ten years since August 2013 (his term ends in September 2024). We will consider his overall association with the D P Jindal group while computing his tenure. We do not support rotation of tenured Independent Directors within the group as we believe that this is not in line with the spirit of the regulations. We are unable to support the resolution."
    0 for1 against
  • Appointment of Mrs Sarita Agrawal (DIN: 10713045) as a Non-Executive, Independent Director of the Company
    Against Bandhan Mutual Fund
    • Bandhan Mutual FundThe company proposes to appoint Ms. Sarita Agarwal, 65, as Independent Director from 26 September 2024. The notice states that she has over three decades of entrepreneurial experience. There is no clarity on her prior roles and work experience. While her appointment is in line with statutory requirements, given the lack of granular clarity on her work experience, we are unable to support the resolution.
    0 for1 against

Mutual fund votes, meeting of 15 Mar 2024, 1 fund house

  • Approval of material related party transactions with Discovery Drilling Pte. Ltd. (DDPL)
    1 for0 against

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

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
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.