Kaushalya Infrastructure Development Corporation logo

Kaushalya Infrastructure Development Corporation CEO, MD, chairman, board of directors and AGM

NSE: KAUSHALYABSE: 532925Leisure ServicesSmall Cap

Last close ₹792.50down ₹21.60 (2.65%)BSE ₹809.90

Share price at the NSE close on 23 Oct 2026. Previous close ₹814.10.

52-week range of traded prices to 23 Oct 2026
₹750.00Low, 16 Mar 2026₹1,435.95High, 7 Jul 2026
Market cap
₹27 Cr3,850th largest listed
P/E
Lossover the last 12 months
P/B
0.4
Dividend yield
Nonein the last 12 months
ROE
−0.7%
ROCE
−0.4%
Debt to equity
0.00
Volume, NSE
12593.6% delivered

Kaushalya Infrastructure Development Corporation 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 director and CEOMAHESH MEHRA
  • Managing directorTARAK NATH MISHRA
  • Managing directorSANJAY LAL GUPTA
  • Company Secretary and Compliance OfficerSANJAY LAL GUPTA

6 directors3 independent3 executive

  • MAHESH MEHRA · Chairperson and managing director and CEOExecutive · joined Jun 1992 · reappointed Aug 2025 · 1 listed board · 2 committee seats
  • RAM KRISHNA MONDAL · Shareholder DirectorIndependent · joined May 2020 · reappointed Aug 2025 · 76 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • SANDIP SARKAR · Shareholder DirectorIndependent · joined Aug 2019 · reappointed Sep 2025 · 85 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • DIVYA BAID · Shareholder DirectorIndependent · joined Nov 2024 · reappointed Nov 2024 · 22 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • TARAK NATH MISHRA · Managing directorExecutive · joined Aug 2020 · reappointed Aug 2025 · 1 listed board
  • SANJAY LAL GUPTA · Managing directorExecutive · joined Aug 2020 · reappointed Aug 2025 · 1 listed board

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
  • MINOTI NATH, left 13 Nov 2024: Tenure Completion

Committees and meetings

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

  • Board

    • 14 Aug 20266 of 6 present3 independent · 78 days in between
    • 27 May 20265 of 6 present3 independent

  • Audit Committee

    Chair RAM KRISHNA MONDAL

    DIVYA BAID, MAHESH MEHRA

    • 14 Aug 20263 of 3 present2 independent · 78 days in between
    • 27 May 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair RAM KRISHNA MONDAL

    DIVYA BAID, SANDIP SARKAR

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair DIVYA BAID

    SANDIP SARKAR, MAHESH MEHRA

    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.

  • KASG & CO.Peer-review certificate valid to May 2027
1 earlier auditor
  • KASG &CO.Named in the filing for the quarter to Sep 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.

Kaushalya Infrastructure Development Corporation 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.Kaushalya Infrastructure Development Corporation share news and announcements

Annual general meeting, 28 Sep 2026

12,305 shareholders on the register on 21 Sep 2026; present: 40 promoters and 12,310 others; votes counted by CS Md. Shahnawaz / M Shahnawaz & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Financial Statements (Standalone and Consolidated Financial Statements) of the Company for the year ended 31st March, 2026 together with the report of Board of Directors and Auditor’s Report thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 53.66% · promoters 100.00% · institutions 0.00% · other public 4.63%

  2. To appoint a Director in place of Mr. Mahesh Mehra (DIN- 00086683), Whole-time Director, who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 53.66% · promoters 100.00% · institutions 0.00% · other public 4.63%

  3. Sale of land (substantially the whole of the undertaking) pursuant to Section 180 (1)(a) of the Companies Act, 2013:
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 53.66% · promoters 100.00% · institutions 0.00% · other public 4.63%

  4. Disposal of undertaking under Section 180 (1) (a) of the Companies Act, 2013.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 53.66% · promoters 100.00% · institutions 0.00% · other public 4.63%

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, 24 Sep 2025, 3 resolutions

13,144 shareholders on the register on 17 Sep 2025; present: 40 promoters and 13,143 others; votes counted by MD SHAHNAWAZ / M SHAHNAWAZ & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Financial Statements (Standalone and Consolidated Financial Statements) of the Company for the year ended 31st March, 2025 together with the report of Board of Directors and Auditor’s Report thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.46%

    Turnout: all 51.54% · promoters 100.00% · institutions 0.00% · other public 0.26%

  2. To appoint a Director in place of Mr. Sanjay Lal Gupta (DIN- 08850306), Whole-time Director, who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.47%

    Turnout: all 51.54% · promoters 100.00% · institutions 0.00% · other public 0.25%

  3. To Appoint Secretarial Auditors of the Company and to fix their remuneration and in this regard to consider and, if thought fit, to pass, with or without modification, the following resolutions as an Ordinary Resolution:MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.47%

    Turnout: all 51.54% · promoters 100.00% · institutions 0.00% · other public 0.25%

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.

Postal ballot, 4 Aug 2025, 6 resolutions

13,335 shareholders on the register on 27 Jun 2025; votes counted by MD. SHAHNAWAZ / M SHAHNAWAZ & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Ram Krishna Mondal (DIN: 02065330) as Independent Director of the Company.
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.65%

    Turnout: all 50.41% · promoters 97.80% · institutions 0.00% · other public 0.25%

  2. Continuation of Mr. Ram Krishna Mondal (DIN: 02065330) as a non-executive Independent Director of the Company beyond the age of 75 Years.
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.88%

    Turnout: all 50.41% · promoters 97.80% · institutions 0.00% · other public 0.25%

  3. Re-appointment of Mr. Mahesh Mehra (DIN: 00086683) as Whole-time Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.85%

    Turnout: all 50.41% · promoters 97.80% · institutions 0.00% · other public 0.25%

  4. Continuation of Mr. Mahesh Mehra (DIN: 00086683) as Whole-time Director of the Company beyond the age of 70 Years.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.09%

    Turnout: all 50.41% · promoters 97.80% · institutions 0.00% · other public 0.25%

  5. Re-appointment of Mr. Tarak Nath Mishra (DIN: 08845853) as Whole-time Director of the Company.
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.65%

    Turnout: all 50.41% · promoters 97.80% · institutions 0.00% · other public 0.25%

  6. Re-appointment of Mr. Sanjay Lal Gupta (DIN: 08850306) as Whole-time Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.85%

    Turnout: all 50.41% · promoters 97.80% · institutions 0.00% · other public 0.25%

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.

Postal ballot, 7 Feb 2025, 1 resolution

13,881 shareholders on the register on 3 Jan 2025; votes counted by MD. SHAHNAWAZ / M SHAHNAWAZ & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Appointment of Ms. Divya Baid (DIN: 10832614) as Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.01%

    Turnout: all 51.85% · promoters 100.00% · institutions 0.00% · other public 0.89%

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, 27 Sep 2024, 4 resolutions

Present: 20 promoters and 20 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Financial Statements (Standalone and Consolidated Financial Statements) of the Company for the year ended 31st March, 2024 together with the report of Board of Directors and Auditor’s Report thereon.MoreLess
    Ordinary
    99.49% for0.51% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.41%

    Turnout: all 56.82% · promoters 100.00% · institutions 0.00% · other public 11.13%

  2. To appoint a Director in place of Mr. Tarak Nath Mishra (DIN- 08845853), Whole-time Director who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.47% for0.53% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.54%

    Turnout: all 56.82% · promoters 100.00% · institutions 0.00% · other public 11.13%

  3. To appoint M/s. KASG & Co, Chartered Accountants, (FRN.: 002228C) as Statutory Auditors of the Company and to fix their remuneration.
    Ordinary
    99.47% for0.53% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.54%

    Turnout: all 56.82% · promoters 100.00% · institutions 0.00% · other public 11.13%

  4. To approve continuation of Mr. Ram Krishna Mondal (DIN: 02065330) as a Non- executive Independent Director beyond the age of 75 years
    Special
    99.47% for0.53% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.55%

    Turnout: all 56.82% · promoters 100.00% · institutions 0.00% · other public 11.13%

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, 30 Apr 2024, 1 resolution

Present: 20 promoters and 13 others.The company's voting result (opens in a new tab)

  1. To appoint M/s. KASG & Co, Chartered Accountants, (FRN.: 002228C) as Statutory Auditors to fill the casual vacancy and to fix their remuneration
    Ordinary
    100.00% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.71%

    Turnout: all 51.51% · promoters 100.00% · institutions 0.00% · other public 0.20%

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: 20 promoters and 30 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Financial Statements (Standalone and Consolidated Financial Statements) of the Company for the year ended 31st March, 2023 together with the report of Board of Directors and Auditor’s Report thereon.MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.35%

    Turnout: all 56.56% · promoters 100.00% · institutions 0.00% · other public 10.58%

  2. To appoint a Director in place of Mr. Mahesh Mehra (DIN- 00086683), Whole-time Director who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.35%

    Turnout: all 56.56% · promoters 100.00% · institutions 0.00% · other public 10.58%

  3. Approval of Material Related Party Transaction(s) with Bengal KDC Housing Development Ltd., a material subsidiary
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.52%

    Turnout: all 56.56% · promoters 100.00% · institutions 0.00% · other public 10.58%

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, 27 Sep 2022, 4 resolutions

Present: 20 promoters and 26 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the financial statements (including Consolidated Financial Statements) of the Company for the year ended 31st March, 2022, together with the report of Board of Directors and Auditor’s Report thereon.MoreLess
    Ordinary
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.00% · other public 50.33%

    Turnout: all 51.65% · promoters 100.00% · institutions 0.00% · other public 0.48%

  2. To appoint a Director in place of Mr. Sanjay Lal Gupta (DIN- 08850306), Whole-time Director & Company Secretary who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.76% for0.24% against

    Against: promoters 0.00% · institutions 0.00% · other public 52.38%

    Turnout: all 51.65% · promoters 100.00% · institutions 0.00% · other public 0.48%

  3. To re-appoint Mr. Mahesh Mehra (DIN- 00086683), as Whole-time Director of the company for a period of 3 years.
    OrdinaryPromoters have an interest in it
    99.76% for0.24% against

    Against: promoters 0.00% · institutions 0.00% · other public 52.26%

    Turnout: all 51.65% · promoters 100.00% · institutions 0.00% · other public 0.48%

  4. To re- designate Mr. Sandip Sarkar (DIN- 08527653) as Independent Director of the Company from Non-Executive Director.
    Ordinary
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.00% · other public 51.84%

    Turnout: all 51.65% · promoters 100.00% · institutions 0.00% · other public 0.47%

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.

Fines and tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Fine or penaltyDeputy Commissioner of Income Tax, Central Circle- 15, New DelhiSince 30 Sep 2026

    The Company has received an order under section 271DA of the Income Tax Act, 1961 dated 29th September, 2026 received by us on 30th September, 2026, issued by the Deputy Commissioner of Income Tax, Central Circle- 15, New Delhi against the Company.

    The Company has received an Order under section 271DA of the Income-tax Act, 1961, wherein it has been held that the Company received an amount aggregating to Rs. 20.92 lakh during F.Y. 2017-18 in contravention of section 269ST of the Income-tax Act, 1961. The order relates to alleged violations of Section 269ST.MoreLess
  • Tax disputeITATSince 20 Apr 2018
    Contested and pending adjudication before Income Tax Appellatte Tribunal
  • Tax disputeAssessing OfficerSince 25 Aug 2017
    Demand vacated but necessary rectification order under section 154 of the IT is yet to receive
  • Tax disputeIncome Tax OfficerSince 5 Dec 2025
    Order received in our favour
    At the filing before: Late filing of TDS Returns for A.Y. 2013- 14, 2014- 15 and 2015- 16
  • Tax disputeDeputy Commissioner of income taxSince 25 Mar 2026
    Filling of appeal before CIT Appeal, Delhi is under process for Assessment Years 2017-18, 2018-19, 2019-20, 2020-21- 2021-22, 2022-23, 2023-24.
    At the filing before: Filing of appeal before CIT Appeal, Delhi is under process for Assessment Years 2017-18, 2018-19, 2019-20, 2020-21, 2021-22, 2022-23 and 2023-24
  • Tax disputeDeputy Commissioner of Income TaxSince 30 Sep 2026
    Contested and pending adjudication before the concerned authority
    At the filing before: Filing as appeal against the order u/s 271DA of the income Tax Act, 1961

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 3 complaints open, quarter to Mar 2025.
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
No
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.