Maheshwari Logistics MD, chairman, board of directors and AGM
NSE: MAHESHWARICommercial Services & SuppliesSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹70.16.
- 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.
- ₹207 Cr2,618th 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 13 Aug 2026
- 13.1
- 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
- 1.0
- 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 13 Aug 2026
- 7.6%
- 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 13 Aug 2026
- 10.4%
- 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 30 May 2026
- 1.26
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 9,69687.8% delivered
Maheshwari Logistics 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 directorNeeraj Maheshwari
- Company Secretary and Compliance OfficerGaurav Rajesh Jhunjhunwala
8 directors4 independent3 executive1 non-executive
- Neeraj Maheshwari · Chairperson and managing directorExecutive · joined Jul 2024 · reappointed Jul 2024 · 1 listed board
- Vinay Premnarayan MaheshwariExecutive · joined Jul 2024 · reappointed Jul 2024 · 1 listed board · 2 committee seats
- Amit Kailashnarayan MaheshwariExecutive · joined Jul 2024 · reappointed Jul 2024 · 1 listed board
- Palash MaheshwariNon-executive · joined Feb 2026 · reappointed Feb 2026 · 1 listed board
- Mukesh AgrawalIndependent · joined May 2018 · reappointed May 2023 · 100 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Ramnaresh Ramkalyan KabraIndependent · joined Apr 2019 · reappointed Apr 2022 · 89 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- Punam Pushpkumar DhootIndependent · joined Jun 2021 · reappointed Sep 2026 · 63 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Viraj Bipinkumar ShahIndependent · joined Jul 2024 · reappointed Jul 2024 · 25 months as independent · 1 listed board · 1 as independent · 1 committee seat
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
- Shubham Vinay Maheshwari, left 14 Feb 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 27 Aug 20268 of 8 present4 independent · 13 days in between
- 13 Aug 20268 of 8 present4 independent · 74 days in between
- 30 May 20267 of 8 present3 independent
Audit Committee
Chair Ramnaresh Ramkalyan Kabra
Punam Pushpkumar Dhoot, Viraj Bipinkumar Shah, Vinay Premnarayan Maheshwari
- 27 Aug 20264 of 4 present3 independent · 13 days in between
- 13 Aug 20264 of 4 present3 independent · 74 days in between
- 30 May 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Ramnaresh Ramkalyan Kabra
Punam Pushpkumar Dhoot, Palash Maheshwari
- 27 Aug 20263 of 3 present2 independent · 88 days in between
- 30 May 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Ramnaresh Ramkalyan Kabra
Mukesh Agrawal, Vinay Premnarayan Maheshwari
- 30 May 20262 of 3 present1 independent
Corporate Social Responsibility Committee
Chair Ramnaresh Ramkalyan Kabra
Punam Pushpkumar Dhoot, Vinay Premnarayan Maheshwari
- 30 May 20263 of 3 present2 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.
- Kakaria and Associates LLPPeer-review certificate valid to Mar 2027
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.
Maheshwari Logistics 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.Maheshwari Logistics dividend history
Annual general meeting, 29 Sep 2026
10,218 shareholders on the register on 22 Sep 2026; present: 9 promoters and 38 others; votes counted by CS SHILPI THAPAR / SHILPI THAPAR & ASSOCIATES.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements (including audited consolidated Financial Statements) of the company for the financial year ended March 31, 2026 which includes the Balance Sheet, Statement of Profit & Loss, Cash Flow Statement as on the date, the Auditor’s Report and Board’s Report thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.36% · promoters 94.12% · institutions 0.00% · other public 42.95%
- To appoint Mr. Vinay Premnarayan Maheshwari (DIN: 01680099), who retires by rotation and being eligible, offers himself for re-appointment as a director of the company.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 45.43% · promoters 47.27% · institutions 0.00% · other public 42.95%
- Approval of Material Related Party Transaction(s).OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 49.98% · promoters 55.17% · institutions 0.00% · other public 42.95%
- To approve the re-appointment of Mrs. Punam Pushpkumar Dhoot (DIN: 01071852) as an Independent Director of the Company for a second term of five consecutive years.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.36% · promoters 94.12% · institutions 0.00% · other public 42.95%
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, 3 Jun 2026, 1 resolution
11,917 shareholders on the register on 1 May 2026; votes counted by CS SHILPI THAPAR / SHILPI THAPAR & ASSOCIATES.The company's voting result (opens in a new tab)
- To Regularize the appointment of Mr. Palash Maheshwari (DIN: 08307839), as the Non-Executive Director of the CompanyOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 51.29% · promoters 60.73% · institutions 0.00% · other public 38.66%
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
12,690 shareholders on the register on 23 Sep 2025; present: 8 promoters and 36 others; votes counted by CS MAULIK PATEL / Maulik Patel & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements (including audited consolidated Financial Statements) of the company for the financial year ended March 31, 2025 which includes the Balance Sheet, Statement of Profit & Loss, Cash Flow Statement as on the date, the Auditor’s Report and Board’s Report thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.62% · promoters 99.64% · institutions 0.00% · other public 37.41%
- To appoint Mr. Neeraj Maheshwari (DIN: 01010325), who retires by rotation and being eligible, offers himself for re-appointment as a director of the company.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.35% · promoters 99.16% · institutions 0.00% · other public 37.41%
- To consider re-appointment of M/S. Shilpi Thapar & Associates, company secretaries as secretarial auditor for the 5 (five) financial year from 2025-26 to 2029-30.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.62% · promoters 99.64% · institutions 0.00% · other public 37.41%
- Approval of Material Related Party Transaction(s).OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.35% · promoters 99.16% · institutions 0.00% · other public 37.41%
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 2024, 6 resolutions
Present: 5 promoters and 27 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements (including audited consolidated Financial Statements) of the company for the financial year ended March 31, 2024 which includes the Balance Sheet, Statement of Profit & Loss, Cash Flow Statement as on the date, the Auditor’s Report and Board’s Report thereon.MoreLess
Ordinary99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 59.11% · promoters 78.31% · institutions 0.00% · other public 33.52%
- To appoint Mr. Shubham Vinay Maheshwari (DIN: 10205313), who retires by rotation and being eligible, offers himself for re-appointment as a director of the companyOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 59.11% · promoters 78.31% · institutions 0.00% · other public 33.52%
- To Regularize the appointment of Mr. Neeraj Maheshwari (DIN: 01010325), as the Chairman & Managing Director (KMP) of the CompanyOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 59.11% · promoters 78.31% · institutions 0.00% · other public 33.52%
- To Regularize the appointment of Mr. Vinay Premnarayan Maheshwari (DIN: 01680099), as the Whole Time Director of the Company.OrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 59.11% · promoters 78.31% · institutions 0.00% · other public 33.52%
- To Regularize the appointment of Mr. Amit Kailashnarayan Maheshwari (DIN: 01680183), as the Whole Time Director of the Company.OrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 59.11% · promoters 78.31% · institutions 0.00% · other public 33.52%
- To appoint Mr. Viraj Bipinkumar Shah (DIN: 10697941), as an Independent Director of the CompanySpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 59.11% · promoters 78.31% · institutions 0.00% · other public 33.52%
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 2023, 5 resolutions
Present: 8 promoters and 23 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited financial statements (including audited consolidated financial Statements) of the company for the financial year ended 31st March, 2023 which includes the Balance Sheet, statement of profit & Loss, cash flow statement as at the date, the Auditor¿s Report and Board¿s Report thereon.MoreLess
Ordinary98.26% for1.74% againstAgainst: promoters 2.15% · institutions 0.00% · other public 0.00%
Turnout: all 70.68% · promoters 96.81% · institutions 0.00% · other public 32.86%
- To appoint Mr. Varun Kabra (DIN: 02760600), who retires by rotation and being eligible, offers himself for re-appointment as a director of the company.OrdinaryPromoters have an interest in it98.25% for1.75% against
Against: promoters 2.15% · institutions 0.00% · other public 0.01%
Turnout: all 70.68% · promoters 96.81% · institutions 0.00% · other public 32.86%
- To Regularize the appointment of Mr. Palash Maheshwari (DIN:08307839), as the Whole time Director of the Company.OrdinaryPromoters have an interest in it98.25% for1.75% against
Against: promoters 2.15% · institutions 0.00% · other public 0.02%
Turnout: all 70.68% · promoters 96.81% · institutions 0.00% · other public 32.86%
- To Regularize the appointment of Mr. Shubham Maheshwari (DIN: 10205313), as the Non-Executive Director of the Company.OrdinaryPromoters have an interest in it98.25% for1.75% against
Against: promoters 2.15% · institutions 0.00% · other public 0.02%
Turnout: all 70.68% · promoters 96.81% · institutions 0.00% · other public 32.86%
- Approval of Loans, Investments, Guarantee or Security under Section 185(2) of Companies Act, 2013.Special98.25% for1.75% against
Against: promoters 2.15% · institutions 0.00% · other public 0.03%
Turnout: all 70.68% · promoters 96.81% · institutions 0.00% · other public 32.86%
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 2022, 5 resolutions
Present: 10 promoters and 23 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited financialnstatements (including audited consolidated financialnStatements) of the company for the financial yearnended 31st March, 2022 which includes the BalancenSheet, Statement of Profit & Loss, Cash FlownStatement as on the date, the Auditor¿s Report andnBoard¿s Report thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.54% · promoters 98.05% · institutions 0.00% · other public 35.81%
- To declare final dividend of ` 0.50/- per equity share of ` 10 each for the financial year ended 31stMarch 2022.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.54% · promoters 98.05% · institutions 0.00% · other public 35.81%
- To appoint Mr. Amit Maheshwari (DIN:01680183),nwho retires by rotation and being eligible, offersnhimself for re-appointment as a director of thencompany.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.54% · promoters 98.05% · institutions 0.00% · other public 35.81%
- To appoint M/s Kakaria and Associates LLP, Vapi,nChartered Accountant (ICAI Firm Registration No-n104558W as Statutory Auditor of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.54% · promoters 98.05% · institutions 0.00% · other public 35.81%
- To approve the re-appointment of Mr. MukeshnAgrawal (DIN: 07692539) as an IndependentnDirector of the Company for a second term of fivenconsecutive years.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.54% · promoters 98.05% · institutions 0.00% · other public 35.81%
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 Jan 2022, 3 resolutions
Present: 0 promoters and 0 others.The company's voting result (opens in a new tab)
- Re-appointment of Mr. Giriraj Baluram Laddha (DIN: 00412835) as an Independent DirectorSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 72.49% · promoters 97.18% · institutions 0.00% · other public 39.22%
- Re-appointment of Mr. Ramnaresh Ramkalyan Kabra (DIN: 08405342) as an Independent Director of the Company.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 72.49% · promoters 97.18% · institutions 0.00% · other public 39.22%
- Re-appointment of Mr. Ambalal Bhikhalal Panchal (DIN: 00829668) as an Independent Director of the Company.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 72.49% · promoters 97.18% · institutions 0.00% · other public 39.22%
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.
Annual general meeting, 30 Sep 2021, 7 resolutions
Present: 22 promoters and 72 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited financial statements (including audited consolidated financial Statements) of the company for the financial year ended 31st March, 2021 which includes the Balance Sheet, statement of profit & Loss, cash flow statement as at the date, the Auditor¿s Report and Board¿s Report thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 71.69% · promoters 95.85% · institutions 0.00% · other public 37.73%
- To declare final dividend of Rs. 0.50/- per equity share of Rs. 10 each for the financial year ended 31st March 2021.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 71.69% · promoters 95.85% · institutions 0.00% · other public 37.73%
- To appoint Mr. Vinay Maheshwari (DIN:01680099), who retires by rotation and being eligible, offers himself for re-appointment as a director of the company.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 60.16% · promoters 76.11% · institutions 0.00% · other public 37.73%
- To consider and approve the regularization of Mrs. Punam Dhoot (DIN:0171852) as an Independent Director.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 71.69% · promoters 95.85% · institutions 0.00% · other public 37.73%
- To consider and approve the re- appointment of Mr. Varun Kabra (DIN:02760600) as the Managing DirectorSpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 71.69% · promoters 95.85% · institutions 0.00% · other public 37.73%
- To consider and approve the re- appointment of Mr. Vinay Maheshwari (DIN:01680099) as the Chairman and Whole time Director.SpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 60.16% · promoters 76.11% · institutions 0.00% · other public 37.73%
- To consider and approve the re- appointment of Mr. Amit Maheshwari (DIN:01680183) as the Whole time DirectorSpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 71.69% · promoters 95.85% · institutions 0.00% · other public 37.73%
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.