Kriti Industries (India) MD, chairman, board of directors and AGM
NSE: KRITIBSE: 526423Industrial ProductsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹50.50.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹263 Cr1,956th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 5 May 2026
- 1.2
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 11 Aug 2026
- −3.9%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹4.55 crore of one-off items, the largest of them in the quarter to Mar 2026.
- −1.8%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 11 Aug 2026
- 2.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 5 May 2026
- 0.41
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 10,89082.7% delivered
Kriti Industries (India) board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorShiv Singh MehtaRelated to the promoter
6 directors3 independent2 executive1 non-executive
- Shiv Singh Mehta · Chairperson and managing directorExecutive · joined Oct 2010 · reappointed Oct 2021 · 2 listed boards · 2 committee seats
- Purnima MehtaExecutive · joined Oct 1999 · reappointed Jul 2025 · 2 listed boards · 4 committee seats, 1 as chair
- Saurabh Singh MehtaNon-executive · joined Feb 2018 · reappointed Aug 2022 · 2 listed boards · 1 committee seat
- Hitendra MehtaIndependent · joined Aug 2021 · 61 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- Siddharth SethiIndependent · joined Apr 2024 · 30 months as independent · 2 listed boards · 1 as independent · 1 committee seat
- Venkat SubramaniamIndependent · joined May 2025 · 16 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
- Chandrasekharan Bhaskar, left 12 May 2026: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 11 Aug 20264 of 6 present1 independent · 97 days in between
- 5 May 20266 of 7 present3 independent
Audit Committee
Chair Venkat Subramaniam
Purnima Mehta, Siddharth Sethi
- 10 Aug 20263 of 3 present2 independent · 97 days in between
- 4 May 20263 of 4 present2 independent
Nomination and remuneration committee
Chair Venkat Subramaniam
Siddharth Sethi, Hitendra Mehta
- 10 Aug 20263 of 3 present3 independent · 97 days in between
- 4 May 20262 of 3 present2 independent
Stakeholders Relationship Committee
Chair Hitendra Mehta
Shiv Singh Mehta, Purnima Mehta, Saurabh Singh Mehta
- 4 May 20264 of 4 present1 independent
Corporate Social Responsibility Committee
Chair Shiv Singh Mehta
Purnima Mehta, Siddharth Sethi
No meeting listed in the filing.
Investment and Finance Committee
Chair Shiv Singh Mehta
Purnima Mehta, Venkat Subramaniam, Saurabh Singh Mehta
- 5 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.
- M/S M Mehta & Co.Peer-review certificate valid to Apr 2028
1 earlier auditor
- RAKESH KUMAR & ASSOCIATESNamed in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Kriti Industries (India) AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Kriti Industries (India) dividend history
Annual general meeting, 12 Aug 2026
11,430 shareholders on the register on 5 Aug 2026; present: 5 promoters and 52 others; votes counted by ISHAN JAIN / ISHAN JAIN & CO..The company's voting result (opens in a new tab)
To receive, consider and adopt the Standalone and Consolidated Audited Financial Statements containing the Balance Sheet as at 31st March, 2026, the Statement of Profit & Loss, Cash Flow and Change in Equity and notes thereto of the Company for the Financial Year ended 31st March 2026 and the reports of the Board of directors and Auditors thereon as on that dateMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 2.01%
Turnout: all 69.18% · promoters 99.99% · institutions 0.00% · other public 0.37%
To appoint Shri Shiv Singh Mehta (DIN 00023523), who retires by rotation, as a director in terms of Section 152(6) of the Companies Act, 2013, at this Annual General Meeting and being eligible offers himself for re-appointmentMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 2.67%
Turnout: all 69.18% · promoters 99.99% · institutions 0.00% · other public 0.37%
- To ratify the remuneration of the Cost Auditor for the Financial Year 2026-27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 2.29%
Turnout: all 69.18% · promoters 99.99% · institutions 0.00% · other public 0.37%
- To confirm the Re-appointment and to fix the remuneration of Mr. Shiv Singh Mehta (DIN: 00023523) as Chairman and Managing Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 2.67%
Turnout: all 69.18% · promoters 99.99% · institutions 0.00% · other public 0.37%
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, 20 Mar 2026, 2 resolutions
11,311 shareholders on the register on 13 Mar 2026; present: 4 promoters and 43 others; votes counted by ISHAN JAIN / ISHAN JAIN & CO..The company's voting result (opens in a new tab)
- Alteration in the Clause III (B) of Memorandum of Association (“MOA”) of the Company and adoption of the altered Memorandum of Association of the company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 68.80% · promoters 99.81% · institutions 0.00% · other public 0.69%
- Confirmation and approval of the Alteration in the Articles of Association (“AOA”) of the Company and adoption of the altered copy of the AoA.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 68.80% · promoters 99.81% · institutions 0.00% · other public 0.69%
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, 13 Aug 2025, 8 resolutions
11,721 shareholders on the register on 6 Aug 2025; present: 4 promoters and 34 others; votes counted by ISHAN JAIN / ISHAN JAIN & CO..The company's voting result (opens in a new tab)
To receive, consider and adopt the Standalone and Consolidated Audited Financial Statements containing the Balance Sheet as at 31st March, 2025, the Statement of Profit & Loss, Cash Flow and Change in Equity and notes thereto of the Company for the Financial Year ended 31st March 2025 and the reports of the Board of directors and Auditors thereon as on that date.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 62.52% · promoters 90.91% · institutions 0.00% · other public 0.16%
To appoint a director in place of Mr. Saurabh Singh Mehta (DIN:00023591) who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, at this Annual General Meeting and being eligible offers himself for re-appointment.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 1.55%
Turnout: all 62.52% · promoters 90.91% · institutions 0.00% · other public 0.16%
- To consider appointment of M/s M. Mehta & Co, Chartered Accountants (FRN: 000957C) as Statutory Auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 62.52% · promoters 90.91% · institutions 0.00% · other public 0.16%
- To ratify the remuneration payable to the Cost Auditors M/s Dhananjay V. Joshi & Associates, Cost Accountants (FRN: 000030) for the Financial Year 2025-26Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 62.52% · promoters 90.91% · institutions 0.00% · other public 0.16%
- To approve the Transactions/Contracts/Arrangements with Related Parties under Regulation 23 of the SEBI (LODR) Regulations, 2015OrdinaryPromoters have an interest in it99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 0.03% · promoters 0.00% · institutions 0.00% · other public 0.11%
- To confirm the appointment of Mr. Venkat Subramaniam (DIN:00078868) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 62.52% · promoters 90.91% · institutions 0.00% · other public 0.16%
- To confirm the re-appointment of Mr. Hitendra Mehta (DIN: 01935959) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.55%
Turnout: all 62.52% · promoters 90.91% · institutions 0.00% · other public 0.16%
- To appoint M/s. Ajit Jain & Co., Practicing Company Secretaries as Secretarial Auditor of the companyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 62.52% · promoters 90.91% · institutions 0.00% · other public 0.16%
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, 15 Jul 2024, 3 resolutions
Present: 6 promoters and 39 others.The company's voting result (opens in a new tab)
- Approval of the alteration to the Articles of AssociationSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.74% · promoters 99.99% · institutions 0.00% · other public 14.98%
- Approval of the Issuance of Warrants convertible into Equity Shares of Rs. 1/- each on a Preferential Basis to Promoter, Promoter Group and Non-Promoter/Other Persons:Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.74% · promoters 99.99% · institutions 0.00% · other public 14.98%
- Approval of ‘Kriti Industries Employee Stock Option Plan 2024’ (“ESOP 2024”/ “Plan”)Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.74% · promoters 99.99% · institutions 0.00% · other public 14.98%
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, 18 Jun 2024, 7 resolutions
Present: 4 promoters and 30 others.The company's voting result (opens in a new tab)
Adoption of the Audited Standalone and Consolidated Financial Statements containing the Balance Sheet as at 31st March, 2024, the Statement of Profit & Loss, Statement of Cash Flow, Change in Equity and notes thereto of the Company for the Financial Year ended 31st March 2024 and the reports of the Board of directors and Auditors thereon as on that date.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 66.41% · promoters 99.40% · institutions 0.00% · other public 0.13%
- To consider and declare Dividend on the 4,96,03,520 Equity Shares of Re.1/- each for the Financial Year ended 31st March, 2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 66.41% · promoters 99.40% · institutions 0.00% · other public 0.13%
- To appoint a director in place of Mrs. Purnima Mehta (DIN 00023632) who retires by rotation at this Annual General Meeting and being eligible offers herself for re-appointment.nnOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 66.41% · promoters 99.40% · institutions 0.00% · other public 0.13%
- To ratify the remuneration payable to the Cost Auditors of the company for the financial year 2024-25Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 66.41% · promoters 99.40% · institutions 0.00% · other public 0.13%
- To approve the transactions/contracts/arrangements with related parties under regulation 23 of the SEBI (LODR) Regulations, 2015OrdinaryPromoters have an interest in it99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 0.04% · promoters 0.00% · institutions 0.00% · other public 0.13%
- To confirm the appointment of Mr. Siddharth Sethi (Din: 01548305) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 66.41% · promoters 99.40% · institutions 0.00% · other public 0.13%
- To confirm the Re-Appointment of Mrs. Purnima Mehta (DIN: 00023632) as Whole Time Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 66.41% · promoters 99.40% · institutions 0.00% · other public 0.13%
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.
Annual general meeting, 28 Aug 2023, 4 resolutions
Present: 6 promoters and 45 others.The company's voting result (opens in a new tab)
Adoption of the Audited Standalone and Consolidated Financial Statements containing the Balance Sheet as at 31st March, 2023, the Statement of Profit & Loss, Statement of Cash Flow, Change in Equity and notes thereto of the Company for the Financial Year ended 31st March 2023 and the reports of the Board of directors and Auditors thereon as on that date.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.41% · promoters 99.99% · institutions 0.00% · other public 9.13%
- Appointment of director in place of Mr. Shiv Singh Mehta (DIN 00023523) who retires by rotation at this Annual General Meeting and being eligible offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.41% · promoters 99.99% · institutions 0.00% · other public 9.13%
- Ratification of the remuneration payable to the Cost Auditors, Mr. S.P.S. Dangi, Cost Accountant, Indore for the year 2023-24Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.41% · promoters 99.99% · institutions 0.00% · other public 9.13%
- Approval of the transactions/contracts/arrangements with related parties under Regulation 23 of the SEBI (LODR) Regulations, 2015.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 3.07% · promoters 0.00% · institutions 0.00% · other public 9.12%
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, 17 Aug 2022, 6 resolutions
Present: 6 promoters and 48 others.The company's voting result (opens in a new tab)
Adoption of the Audited Standalone and Consolidated Financial Statements containing the Balance Sheet as at 31st March, 2022, the Statement of Profit & Loss, Statement of Cash Flow, Change in Equity and notes thereto of the Company for the Financial Year ended 31st March 2022 and the reports of the Board of directors and Auditors thereon as on that date.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.40% · promoters 99.99% · institutions 0.00% · other public 0.18%
- Declaration of dividend @ 20% i.e. 0.20 paisa per equity share of Re. 1 each for financial year 2021-22, on 4,96,03,520 equity sharesOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.40% · promoters 99.99% · institutions 0.00% · other public 0.18%
- Re-Appointment of Mr. Saurabh Singh Mehta (DIN: 00023591) who retires by rotation at this Annual General Meeting and being eligible offers himself for re-appointment.Ordinary99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 28.54%
Turnout: all 66.40% · promoters 99.99% · institutions 0.00% · other public 0.18%
- Ratification of the remuneration payable to the Cost Auditors Mr. S.P.S. Dangi for the year 2022-23.Ordinary99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 29.19%
Turnout: all 66.40% · promoters 99.99% · institutions 0.00% · other public 0.18%
- Confirmation of appointment of Mr. Hitendra Mehta (DIN: 01935959) as an Independent Director.Special99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 28.52%
Turnout: all 66.40% · promoters 99.99% · institutions 0.00% · other public 0.18%
- Approval of the transactions/contracts/arrangements with related parties under Regulation 23 of the SEBI (LODR) Regulations, 2015 read with section 188 of the Companies Act, 2013.OrdinaryPromoters have an interest in it70.64% for29.36% against
Against: promoters 0.00% · institutions 0.00% · other public 29.36%
Turnout: all 0.06% · promoters 0.00% · institutions 0.00% · other public 0.18%
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.
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
- 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
- No
- 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 Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere | Reason and comments |
|---|---|---|---|---|---|---|
| Preferential IssuesJun 2025, checked by CARE Ratings Limited | 0.00 | Capital expenditure for expansion of capacity by adding new manufacturing lines for Pipes, both at the existing location in Pithampur District Dhar, Madhya Pradesh and also at a new location (s), which is under consideration, including upgradation of the existing facilities–upto ?80 Crores | 80.00 | 0.25 | No | Audit committee: There is no deviation/variation in the utilization of funds against the stated objects. |
| Preferential IssuesJun 2025, checked by CARE Ratings Limited | 0.00 | Working Capital of the both for the existing business and the proposed new facilities at the new location, 40 Crores | 40.00 | 0.00 | No | Audit committee: There is no deviation/variation in the utilization of funds against the stated objects. |
| Preferential IssuesJun 2025, checked by CARE Ratings Limited | 0.00 | for other general corporate purposes and purposes permitted by applicable laws - upto 30 Crores | 30.00 | 0.00 | No | Audit committee: There is no deviation/variation in the utilization of funds against the stated objects. |