Lexus Granito (India) MD, chairman, board of directors and AGM
NSE: LEXUSConsumer DurablesSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹10.49.
- 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.
- ₹20 Cr3,437th 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 30 May 2026
- 1.1
- 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 14 Aug 2026
- −19.9%
- 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 ₹5.39 crore of one-off items, the largest of them in the quarter to Dec 2025.
- −67.6%
- 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 14 Aug 2026
- −14.1%
- 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 30 May 2026
- 3.05
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 66,79244.8% delivered
Lexus Granito (India) 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
- Chairperson and managing directorANILKUMAR BABULAL DETROJA
6 directors3 independent2 executive1 non-executive
- ANILKUMAR BABULAL DETROJA · Chairperson and managing directorExecutive · joined May 2010 · 1 listed board · 1 committee seat
- HITESH BABULAL DETROJAExecutive · joined Aug 2010 · 1 listed board · 1 committee seat
- DIMPALBEN ANILBHAI DETROJANon-executive · joined Jun 2022 · 1 listed board · 1 committee seat
- JITENDRABHAI CHANDULAL LAKHTARIYAIndependent · joined Feb 2019 · reappointed Feb 2024 · 28 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- CHIRAG MUKESHBHAI HIRANIIndependent · joined Jul 2024 · 23 months as independent · 1 listed board · 1 as independent · 1 committee seat
- UMANGKUMAR MAHENDRABHAI JAGODANAIndependent · joined Jul 2024 · 23 months as independent · 1 listed board · 1 as independent
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
- 30 May 20266 of 6 present3 independent · 66 days in between
- 24 Mar 20266 of 6 present3 independent · 24 days in between
- 27 Feb 20266 of 6 present3 independent · no day in between
- 26 Feb 20266 of 6 present3 independent · 11 days in between
1 earlier meeting
- 14 Feb 20266 of 6 present3 independent
Audit Committee
Chair JITENDRABHAI CHANDULAL LAKHTARIYA
ANILKUMAR BABULAL DETROJA, CHIRAG MUKESHBHAI HIRANI
- 30 May 20263 of 3 present2 independent · 66 days in between
- 24 Mar 20263 of 3 present2 independent · 24 days in between
- 27 Feb 20263 of 3 present2 independent · no day in between
- 26 Feb 20263 of 3 present2 independent · 11 days in between
1 earlier meeting
- 14 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair JITENDRABHAI CHANDULAL LAKHTARIYA
CHIRAG MUKESHBHAI HIRANI, UMANGKUMAR MAHENDRABHAI JAGODANA
- 24 Mar 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair JITENDRABHAI CHANDULAL LAKHTARIYA
HITESH BABULAL DETROJA, DIMPALBEN ANILBHAI DETROJA
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.
- M/s. Keyur Shah & AssociatesPeer-review certificate valid to Jul 2027
1 earlier auditor
- Keyur Shah and 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.
Lexus Granito (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.Lexus Granito (India) share news and announcements
Annual general meeting, 30 Sep 2026
5,830 shareholders on the register on 23 Sep 2026; present: 3 promoters and 27 others; votes counted by Jitendra Parmar / Jitendra Parmar & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended on 31st March, 2026 and Statement of Profit and Loss Account together with the notes forming part thereof and Cash Flow Statement for the financial year ended on that date, and the reports of the Board of Directors (The “Board”) and Auditors thereonMoreLess
Ordinary99.76% for0.24% againstAgainst: promoters 0.00% · other public 89.85%
Turnout: all 25.07% · promoters 47.26% · other public 0.14%
- To appoint a director in place of Mr. Hitesh Babulal Detroja (DIN: 02760273), who is retiring by rotation and being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it99.76% for0.24% against
Against: promoters 0.00% · other public 89.85%
Turnout: all 25.07% · promoters 47.26% · other public 0.14%
- Appointment of M/s. Jay Pandya & Associates, Practicing Company Secretaries, Ahmedabad (FRN: S2024GJ963300) as the Secretarial Auditor of the Company for a Period of Five (5) YearsOrdinary99.76% for0.24% against
Against: promoters 0.00% · other public 89.85%
Turnout: all 25.07% · promoters 47.26% · other public 0.14%
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, 30 Sep 2025, 4 resolutions
4,593 shareholders on the register on 19 Sep 2025; present: 5 promoters and 12 others; votes counted by MONIKA BHATIA / M R BHATIA & CO.The company's voting result (opens in a new tab)
- To consider and adopt the Audited Standalone Financial Statements of the Company for the year ended March 31, 2025 together with the reports of the Board of Directors and AuditorsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 28.84% · promoters 49.91% · institutions 0.00% · other public 2.96%
- To Re-Appoint Mrs. Dimpal Detroja (DIN: 09639482) who retires by rotation at this Annual General Meeting and being eligible offers herself for re-appointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 28.84% · promoters 49.91% · institutions 0.00% · other public 2.96%
- To Appoint M R Bhatia & Co as Secretarial AuditorsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 28.84% · promoters 49.91% · institutions 0.00% · other public 2.96%
- To Change Designation of Mrs Dimple Detroja from whole Time Director to Non-Executive DirectorSpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 28.84% · promoters 49.91% · institutions 0.00% · other public 2.96%
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, 26 Oct 2024, 2 resolutions
Present: 5 promoters and 11 others.The company's voting result (opens in a new tab)
- TO CONSIDER AND APPROVE INCREASE OF THE AUTHORIZED SHARE CAPITALnOF THE COMPANY BY AMENDING THE MEMORANDUM OF ASSOCIATION OF THEnCOMPANY:Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 31.02% · promoters 23.74% · institutions 0.00% · other public 39.96%
- ISSUANCE OF UP TO 1,00,00,000 (ONE CRORES) FULLY CONVERTIBLE WARRANTSnON A PREFERENTIAL BASIS TO THE PERSONS BELONGING TO “PROMOTER GROUP” ANDn“NON-PROMOTER, PUBLIC CATEGORY”Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 31.02% · promoters 23.74% · institutions 0.00% · other public 39.96%
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, 2 resolutions
Present: 5 promoters and 15 others.The company's voting result (opens in a new tab)
- To consider and adopt the Audited Standalone Financial Statements of the Company for the year ended March 31, 2024 together with the reports of the Board of Directors and AuditorsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 27.68% · promoters 21.93% · institutions 0.00% · other public 34.74%
- To Re-appoint Director Mr. Anilkumar Babulal Detroja (DIN: 03078203) who is liable to retire by rotation at this Annual General Meeting and being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 27.68% · promoters 21.93% · institutions 0.00% · other public 34.74%
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, 24 Aug 2024, 3 resolutions
Present: 5 promoters and 13 others.The company's voting result (opens in a new tab)
- Appointment of Mr. Chirag Mukeshbhai Hirani as Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 27.32% · promoters 21.93% · institutions 0.00% · other public 33.95%
- Appointment of Mr. Umangkumar Mahendrabhai Jagodana as Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 27.32% · promoters 21.93% · institutions 0.00% · other public 33.95%
- Re-Appointment of Mr. Jitendrabhai Chandulal Lakhtariya as Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 27.32% · promoters 21.93% · institutions 0.00% · other public 33.95%
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 May 2022, 1 resolution
The company's voting result (opens in a new tab)
- To Approve The Migration Of Listing/Trading Of Equity Shares Of The Company From SME Platform (Emerge) Of National Stock Exchange Of India Limited (NSE) To Main Board Of NSESpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 27.29% · promoters 7.68% · institutions 0.00% · other public 49.22%
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 Jun 2026.
- Fine or penaltyGoods and Services Tax AuthoritySince 22 Dec 2025
Penalty Levied u/s 74(9) of CGST Act, Section 122(1)(xv) of Gujarat GST Act and Section 20 of the IGST Act
Goods moved without payment of tax - Tax disputeIncome Tax AuthoritySince 27 Mar 2025Appeal filed dated 25/04/2025 against demand order.
- Tax disputeIncome Tax AuthoritySince 26 Dec 2018Appeal filed dated 05/01/2019 against demand order.
- Tax disputeIncome Tax AuthoritySince 14 Jun 2019Appeal filed dated 22/06/2019 against demand order.
- Tax disputeIncome Tax AuthoritySince 14 Jun 2019Appeal filed dated 22/06/2019 against demand order.
- Tax disputeIncome Tax AuthoritySince 30 Mar 2025Appeal filed dated 22/06/2019 against demand order..
- Tax disputeIncome Tax AuthoritySince 8 Dec 2021Demand Notice issued by Assessiong officer for Rs. 43040 for AY 2017-18. We have submitted our response with disagreeing with demand. Matter is pending with Assessing officer.
- Tax disputeGoods and Service Tax AuthoritySince 22 Dec 2025Appeal filed dated 20/03/2026 against demand order. The matter is Pending with Commissioner (Appeals)
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- 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
- 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 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. A statement's amounts are left out where the raise it states is more than ten times everything the company owns, a figure typed at the wrong scale.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesSep 2024 | – | Issue related expenses (Statutory and Professional Fees) | – | – | No |
| Preferential IssuesSep 2024 | – | Repayment of Unsecured loan | – | – | No |
| Preferential IssuesSep 2024 | – | To meet working capital requirement of the Company | – | – | No |
| Preferential IssuesSep 2024 | – | General Corporate Purpose | – | – | No |