Mafatlal Industries CEO, MD, chairman, board of directors and AGM
NSE: MAFATINDBSE: 500264Textiles & ApparelsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹108.29.
- Next results date: the board meets on 4 Nov 2026 to consider: quarterly results.
- 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.
- ₹765 Cr1,506th 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. The filing of 7 Aug 2026
- 13.0
- 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
- 1.0
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 2.36%
- 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 7 Aug 2026
- 7.8%
- 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 7 Aug 2026
- 5.9%
- 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
- 0.08
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 28,81568.2% delivered
Mafatlal Industries 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
- ChairpersonHrishikesh Arvind MafatlalRelated to the promoter
- Managing director and CEOPriyavrata Mafatlal
- Company SecretaryAmish Shah
8 directors5 independent2 executive1 non-executive
- Hrishikesh Arvind Mafatlal · ChairpersonExecutive · joined May 1979 · reappointed Nov 2021 · 2 listed boards · 2 committee seats
- Priyavrata Mafatlal · Managing director and CEOExecutive · joined Nov 2016 · reappointed Jun 2026 · 2 listed boards · 1 committee seat, 1 as chair
- Atul Kumar SrivastavaIndependent · joined Oct 2012 · reappointed Aug 2024 · 86 months as independent · 2 listed boards · 2 as independent · 1 committee seat, 2 as chair
- Ashutosh BishnoiIndependent · joined May 2024 · reappointed Aug 2024 · 28 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Abhay Rohit JadejaIndependent · joined May 2024 · reappointed Aug 2024 · 28 months as independent · 3 listed boards · 3 as independent · 3 committee seats, 1 as chair
- Jyotin Kantilal MehtaNon-executive · joined Oct 2024 · reappointed Oct 2024 · 23 months as independent · 4 listed boards · 4 as independent · 5 committee seats, 4 as chair
- Desh Deepak KhetrapalIndependent · joined Feb 2025 · reappointed Feb 2025 · 20 months as independent · 2 listed boards · 1 as independent · 4 committee seats
- Archana Niranjan HingoraniIndependent · joined Feb 2025 · reappointed Feb 2025 · 20 months as independent · 6 listed boards · 6 as independent · 3 committee seats, 5 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.
3 directors who left
- Gautam G. Chakravarti, left 29 May 2025: Tenure Completion
- Sujal A. Shah, left 29 May 2025: Tenure Completion
- Latika P. Pradhan, left 16 Apr 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 7 Aug 20268 of 8 present6 independent · 93 days in between
- 5 May 20267 of 8 present5 independent
Audit Committee
Chair Atul Kumar Srivastava
Jyotin Kantilal Mehta, Ashutosh Bishnoi, Archana Niranjan Hingorani
- 7 Aug 20264 of 4 present0 independent · 27 days in between
- 10 Jul 20264 of 4 present4 independent · 65 days in between
- 5 May 20264 of 4 present4 independent
Nomination and remuneration committee
Chair Ashutosh Bishnoi
Jyotin Kantilal Mehta, Desh Deepak Khetrapal, Hrishikesh Arvind Mafatlal
- 5 May 20264 of 4 present3 independent · 4 days in between
Stakeholders Relationship Committee
Chair Abhay Rohit Jadeja
Desh Deepak Khetrapal, Hrishikesh Arvind Mafatlal, Priyavrata Mafatlal
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair Hrishikesh Arvind Mafatlal
Abhay Rohit Jadeja, Atul Kumar Srivastava
- 30 Apr 20263 of 3 present2 independent
Share Allotment Committee
Chair Hrishikesh Arvind Mafatlal
Priyavrata Mafatlal, Abhay Rohit Jadeja
- 5 May 20262 of 3 present0 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 Jun 2026.
- M/s. Price Waterhouse Chartered Accountants LLPPeer-review certificate valid to Nov 2026
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.
Mafatlal 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.Mafatlal Industries dividend history
Annual general meeting, 7 Aug 2026
61,972 shareholders on the register on 31 Jul 2026; present: 13 promoters and 82 others; votes counted by Umesh H. Ved / Umesh Ved and Associates.The company's voting result (opens in a new tab)
To consider and adopt the audited Standalone and Consolidated financial statements of the Company for the Financial Year ended on 31st March, 2026, together with the reports of the Board of Directors and the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.18%
Turnout: all 71.03% · promoters 100.00% · institutions 4.39% · other public 5.63%
- To confirm Interim Dividend declared by the Board of Directors and declare Final Dividend on equity shares of the Company for the Financial Year ended on 31st March, 2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.03% · promoters 100.00% · institutions 4.39% · other public 5.63%
- To appoint a Director in place of Mr. Priyavrata H. Mafatlal (DIN: 02433237), who retires by rotation and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.18%
Turnout: all 71.03% · promoters 100.00% · institutions 4.39% · other public 5.63%
- To ratify the payment of remuneration to the Cost Auditors for the Financial Year 2026-27.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.18%
Turnout: all 71.03% · promoters 100.00% · institutions 4.39% · other public 5.63%
- Re-appointment and Re-designation of Mr. Priyavrata H. Mafatlal (DIN: 02433237) as Managing Director and Chief Executive Officer (MD & CEO) of the company.SpecialPromoters have an interest in it99.97% for0.03% against
Against: promoters 0.00% · institutions 100.00% · other public 0.18%
Turnout: all 71.03% · promoters 100.00% · institutions 4.39% · other public 5.63%
- Re-appointment of Mr. Hrishikesh A. Mafatlal (DIN: 00009872) as Executive Chairman of the company.SpecialPromoters have an interest in it99.97% for0.03% against
Against: promoters 0.00% · institutions 100.00% · other public 0.18%
Turnout: all 71.03% · promoters 100.00% · institutions 4.39% · other public 5.63%
- Payment of Remuneration by Way of Commission to Non-Executive Independent Directors (NEIDS) of the Company for the Financial Year 2025-26.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.18%
Turnout: all 71.03% · promoters 100.00% · institutions 4.39% · other public 5.63%
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.
Tax disputes
Reported in the filing for the quarter to Sep 2026.
- Tax disputeCustoms Excise & Service Tax Appellate Tribunal (CESTAT)Since 1 Apr 2007The matter is yet to be heard by the Honourable High court of Gujarat.
At the filing before: The department has filed an appeal in the High Court of Gujarat against the favourable order issued by the Customs, Excise and Services Tax Appellate Tribunal ('CESTAT'). The amount involved in dispute is Rs. 29.61 crores.MoreLess
- Tax disputeCommissioner of Income Tax (Appeals)Since 1 Apr 2000The appeals are yet to be heard.
At the filing before: Various Income tax matters pertaining to AY 1997-98 and AY 1998-99 (of Mishapar Investments Limited and Sushmita Holdings Limited, later on amalgamated with Mafatlal Industries Limited) amounting to Rs. 1.95 Crs are pending at appeal stage for hearing. Further income tax matters of AY 2012-13, AY 2014-15, AY 2015-16, AY 2018-19 and AY 2019-20 of Mafatlal Industries Limited amounting to Rs. 23.95 Crs are pending at appeal stage for hearing.MoreLess
- Tax disputeCommissioner (Appeals-I), CGST & Central Excise, Mumbai SouthSince 30 Apr 2025
The appeal was dismissed by the Commissioner of Appeals in October 2025. The company has filed a further appeal before the GST Appellate Tribunal (GSTAT) in the month of April 2026. The appeals are yet to be heard.MoreLess
At the filing before: CGST Department has issued order under section 74 of CGST Act with respect to GST Audit conducted under section 65 of CGST Act, 2017 read with Rule 101 of the CGST Rule 2017, for the period July 2017 to March 2020. A tax demand of Rs. 1.03 Crs is raised on the grounds of excess avaiIment of Input Tax Credit (ITC) and short payment of tax liability. The company has filed an appeal in the month of April 2025.MoreLess
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
- No
- 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.