- Under NSE's long-term additional surveillance, stage I, on the list for 23 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- 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.
- ₹131 Cr2,663rd 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.
- Shares changed
- 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 4 Sep 2026
- −5.9%
- 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 4 Sep 2026
- 0.0%
- 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 26 May 2026
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 19,07293.4% delivered
Maha Rashtra Apex 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
- ChairpersonKUDI BHOJA SHETTY
- Managing directorCYRUS DINSHAW KHAMBATA
- Company Secretary and Compliance OfficerArvind Ganesh Mallya
5 directors2 independent2 executive1 non-executive
- KUDI BHOJA SHETTY · ChairpersonIndependent · joined Jul 2006 · reappointed May 2026 · 4 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- JYOTHI VISHWESHWARAIAH BHADRAVATHIIndependent · joined Mar 2015 · reappointed Feb 2023 · 103 months as independent · 1 listed board · 1 as independent · 2 committee seats
- YAZDIN JIMMY MISTRYNon-executive · joined Oct 2020 · 1 listed board · 2 committee seats, 1 as chair
- CYRUS DINSHAW KHAMBATA · Managing directorExecutive · joined May 2026 · 1 listed board
- JAMSHEED M PANDAYExecutive · joined May 2026 · 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.
3 directors who left
- ASPI NARIMAN KATGARA, left 26 May 2026: Others
- VIDYA MANANJAY MORE, left 26 May 2026: Others
- NAGARAJAN SIVARAMAKRISHNAN, left 26 May 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 13 Aug 20265 of 5 present2 independent · 19 days in between
- 24 Jul 20265 of 5 present2 independent · 45 days in between
- 8 Jun 20265 of 5 present2 independent · 12 days in between
- 26 May 20263 of 6 present1 independent · 21 days in between
1 earlier meeting
- 4 May 20264 of 6 present1 independent
Audit Committee
Chair KUDI BHOJA SHETTY
JYOTHI VISHWESHWARAIAH BHADRAVATHI, YAZDIN JIMMY MISTRY
- 13 Aug 20263 of 3 present2 independent · 78 days in between
- 26 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair JYOTHI VISHWESHWARAIAH BHADRAVATHI
KUDI BHOJA SHETTY, YAZDIN JIMMY MISTRY
- 26 May 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair YAZDIN JIMMY MISTRY
KUDI BHOJA SHETTY, JYOTHI VISHWESHWARAIAH BHADRAVATHI
- 18 Sep 20263 of 3 present2 independent · 29 days in between
- 19 Aug 20263 of 3 present2 independent · 77 days in between
- 2 Jun 20263 of 3 present2 independent · 6 days in between
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.
- H G Sarvaiya & Co.Peer-review certificate valid to Mar 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.
Maha Rashtra Apex 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.Maha Rashtra Apex Corporation share news and announcements
Annual general meeting, 24 Aug 2026
15,758 shareholders on the register on 17 Aug 2026; present: 7 promoters and 48 others; votes counted by PRIYANKA PODAR / P M AGARWAL & CO.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Standalone and Consolidated Audited Financial Statement for the year ended 31st March, 2026 together with Reports of Board of Directors and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.32% · promoters 89.53% · institutions 0.00% · other public 0.85%
- To appoint diector in place of Mr.Yazdin Mistry (DIN-7897995) who retires by rotation and being eligible, offer himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.32% · promoters 89.53% · institutions 0.00% · other public 0.85%
- Appointment of Mr.Cyrus D Khambata (DIN:00553813), as a Director of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.32% · promoters 89.53% · institutions 0.00% · other public 0.85%
- Appointment of Mr.Cyrys D Khambata (DIN:00553813) as a Managing Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.32% · promoters 89.53% · institutions 0.00% · other public 0.85%
- Appointment of Mr.Jamsheed Minoo Panday (DIN:0232768) as a Director (Executive Category) of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.32% · promoters 89.53% · institutions 0.00% · other public 0.85%
- Appointment of Mr.Jamsheed Minoo Panday (DIN:00232768), as a Whole Time Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.32% · promoters 89.53% · institutions 0.00% · other public 0.85%
- Change in designation of Mr.Bhoja K Shetty (DIN: 01451944) from Non-Executive Director to Independent DirectorSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 2.20%
Turnout: all 64.32% · promoters 89.53% · institutions 0.00% · other public 0.85%
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, 5 resolutions
15,557 shareholders on the register on 17 Sep 2025; present: 7 promoters and 30 others; votes counted by Priyanka Poddar / P M AGARWAL & CO..The company's voting result (opens in a new tab)
- To receive, consider and adopt the Standalone and Consolidated Audited Financial Statement for the year ended 31st March, 2025 together with the Reports of the Board of Directors and Auditors thereon.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 2.99%
Turnout: all 43.73% · promoters 69.62% · institutions 0.00% · other public 0.51%
- To appoint director in place of Mr. Aspi Nariman Katgara (DIN-06949494) who retires by rotation and being eligible, offers himself for reappointment.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 2.99%
Turnout: all 43.73% · promoters 69.62% · institutions 0.00% · other public 0.51%
- Appointment of Secretarial AuditorOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 2.99%
Turnout: all 43.73% · promoters 69.62% · institutions 0.00% · other public 0.51%
- Change in Designation of Mr.Nagarajan Sivaramakrishnan (DIN-03060429) from Non-Executive Director to Independent DirectorSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 2.99%
Turnout: all 43.73% · promoters 69.62% · institutions 0.00% · other public 0.51%
- Alteration of Articles of Association of the Company with amendment in the Article No.II,IV,VII, X and XIISpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 2.99%
Turnout: all 43.73% · promoters 69.62% · institutions 0.00% · other public 0.51%
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 2024, 2 resolutions
Present: 8 promoters and 27 others.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Standalone and Consolidated Audited Financial Statement for the year ended 31st March, 2024Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 51.88% · promoters 82.57% · institutions 0.00% · other public 0.63%
- To appoint director in place of Mr Yazdin Jimmy Mistry (DIN- 07897995) who retires by rotation and being eligible, offers himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 51.88% · promoters 82.57% · institutions 0.00% · other public 0.63%
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.
Postal ballot, 25 Aug 2024, 1 resolution
The company's voting result (opens in a new tab)
- Appointment of Mr Nagarajan Sivaramakrishnan (DIN-03060429)as a Non-Executive Non-Independent Director of the CompanyOrdinary99.74% for0.26% against
Against: promoters 0.00% · institutions 0.00% · other public 55.81%
Turnout: all 43.74% · promoters 69.61% · institutions 0.00% · other public 0.54%
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 2023, 2 resolutions
Present: 7 promoters and 27 others.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Standalone and Consolidated Audited Financial Statement for the year ended 31st March, 2023Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.65%
Turnout: all 43.72% · promoters 69.61% · institutions 0.00% · other public 0.50%
- To appoint director in place of Mr K B Shetty (DIN-01451944) who retires by rotation and being eligible, offers himself for re-appointmentOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.65%
Turnout: all 43.72% · promoters 69.61% · institutions 0.00% · other public 0.50%
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, 29 Aug 2023, 1 resolution
The company's voting result (opens in a new tab)
- Appointment of Mr Madhusudan Kudlugi Raghavendrarao (DIN:07636397) as a Non-Executive Non-Independent Director of the CompanyOrdinary99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 1.69%
Turnout: all 44.37% · promoters 69.62% · institutions 0.00% · other public 2.21%
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, 12 Feb 2023, 1 resolution
The company's voting result (opens in a new tab)
- Re-appointment of Mrs Jyothi Vishweshwaraiah Bhadravathi (DIN-07133349) as an Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.42%
Turnout: all 35.74% · promoters 56.60% · institutions 0.00% · other public 0.90%
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 2022, 5 resolutions
Present: 24 promoters and 10,982 others.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Standalone and Consolidated Audited Financial Statement for the year ended 31st March, 2022 together with the Reports of the Board of Directors and Auditors theron.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.37%
Turnout: all 11.54% · promoters 18.08% · institutions 0.00% · other public 0.64%
- To Appoint a Director in place of Mr Aspi Nariman Katgara (DIN-06946494) who retires by rotation and being eligible, offers himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 11.54% · promoters 18.08% · institutions 0.00% · other public 0.64%
- To appoint a director in place of Mr Yazdin Jimmy Mistry (DIN-07897995) who retires by rotation and bing eligible, offrers himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 11.54% · promoters 18.08% · institutions 0.00% · other public 0.64%
- Appointment of M/s Sarvaiya & Co., Chartered Accountants as Statutory Auditors of the Company for a period of five yearsOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.37%
Turnout: all 11.54% · promoters 18.08% · institutions 0.00% · other public 0.64%
- To Re-appointment of Mr Aspi Nariman Katgara, MD for a period of 5 yearsSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.37%
Turnout: all 11.54% · promoters 18.08% · institutions 0.00% · other public 0.64%
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
- No
- 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.