Mangalam Drugs and Organics logo

Mangalam Drugs and Organics MD, chairman, board of directors and AGM

NSE: MANGALAMBSE: 532637Pharmaceuticals & BiotechnologySmall Cap

Last close ₹28.65down ₹0.92 (3.11%)BSE ₹28.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹29.57.

52-week range of traded prices to 23 Oct 2026
₹22.80Low, 29 Dec 2025₹71.99High, 23 Oct 2025
Market cap
₹45 Cr3,423rd largest listed
P/E
Lossover the last 12 months
P/B
0.4
Dividend yield
Nonein the last 12 months
ROE
−30.3%
ROCE
−12.9%
Debt to equity
1.02
Volume, NSE
19,55176.4% delivered

Mangalam Drugs and Organics 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 directorGOVARDHAN MURLIDHAR DHOOT

6 directors3 independent2 executive1 non-executive

  • GOVARDHAN MURLIDHAR DHOOT · Chairperson and managing directorExecutive · joined Apr 1996 · reappointed Nov 2024 · 1 listed board · 2 committee seats
  • BRIJMOHAN MURLIDHAR DHOOTExecutive · joined May 2015 · reappointed Aug 2024 · 1 listed board · 1 committee seat
  • NIDHI SHANTANU MUNDADAIndependent · joined May 2018 · reappointed May 2023 · 100 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • PRAVEEN SAXENAIndependent · joined Mar 2021 · reappointed Mar 2026 · 66 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • RAKESH KISHINCHAND MILWANINon-executive · joined Mar 2022 · reappointed Mar 2022 · 54 months as independent · 1 listed board
  • PRABHAKAR RAGHUNATH ZAVARIndependent · joined Sep 2026 · 0 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.

1 director who left
  • RUKMESH PRABHUKUMAR DHANDHANIA, left 16 Jan 2026: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 15 Sep 20265 of 5 present2 independent · 33 days in between
    • 12 Aug 20265 of 5 present2 independent · 89 days in between
    • 14 May 20265 of 5 present2 independent

  • Audit Committee

    Chair NIDHI SHANTANU MUNDADA

    GOVARDHAN MURLIDHAR DHOOT, PRAVEEN SAXENA

    • 12 Aug 20263 of 3 present2 independent · 89 days in between
    • 14 May 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair NIDHI SHANTANU MUNDADA

    PRAVEEN SAXENA, RAKESH KISHINCHAND MILWANI

    • 15 Sep 20263 of 3 present2 independent · 123 days in between
    • 14 May 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair NIDHI SHANTANU MUNDADA

    GOVARDHAN MURLIDHAR DHOOT, BRIJMOHAN MURLIDHAR DHOOT

    • 14 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 Jun 2026.

  • M/s V.S. Somani & Co.Peer-review certificate valid to Jul 2027
1 earlier auditor
  • V . S. SOMANI and CO.Named in the filing for the quarter to Jun 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.

Mangalam Drugs and Organics 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.Mangalam Drugs and Organics dividend history

Annual general meeting, 23 Sep 2026

24,367 shareholders on the register on 16 Sep 2026; present: 12 promoters and 37 others; votes counted by M/S BMM & ASSOCIATES / B.M. Maheshwari.The company's voting result (opens in a new tab)

  1. TO CONSIDER AND ADOPT THE STANDALONE AND CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026 TOGETHER WITH THE REPORTS OF THE BOARD OF DIRECTORS’ AND AUDITOR’S THEREON.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.97%

    Turnout: all 36.31% · promoters 100.00% · institutions 98.28% · other public 0.85%

  2. TO APPOINT SHRI GOVARDHAN MURLIDHAR DHOOT (DIN: 01240086) AS EXECUTIVE DIRECTOR, WHO RETIRES BY ROTATION AND BEING ELIGIBLE, HAS OFFERS HIMSELF FOR RE-APPOINTMENT.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.01%

    Turnout: all 36.31% · promoters 100.00% · institutions 98.28% · other public 0.85%

  3. TO APPOINT M/S S.N. NANDA AND CO., CHARTERED ACCOUNTANTS AS STATUTORY AUDITORS FOR A PERIOD OF FIVE CONSECTIVE YEARS AND FIX THEIR REMUNERATION.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.97%

    Turnout: all 36.31% · promoters 100.00% · institutions 98.28% · other public 0.85%

  4. TO RATIFY REMUNERATION PAYABLE TO RAMPURAWALA MOHAMMED A & CO. (COST ACCOUNTANTS), THE COST AUDITORS OF THE COMPANY FOR FINANCIAL YEAR 2026-27:
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.08%

    Turnout: all 36.31% · promoters 100.00% · institutions 98.28% · other public 0.85%

  5. TO APPROVE THE MATERAILITY OF RELATED PARTY TRANSACTIONS
    OrdinaryPromoters have an interest in it
    82.36% for17.64% against

    Against: promoters 0.00% · institutions 100.00% · other public 1.01%

    Turnout: all 0.66% · promoters 0.00% · institutions 98.28% · other public 0.85%

  6. TO APPOINT M/S L. N. JOSHI & CO., AS SECRETARIAL AUDITORS OF THE COMPANY FROM THE CONCLUSION 0F 53RD ANNUAL GENERAL MEETING TILL THE CONCLUSION OF 58TH ANNUAL GENERAL MEETING OF THE COMPANY
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.97%

    Turnout: all 36.31% · promoters 100.00% · institutions 98.28% · 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.

Postal ballot, 17 Jun 2026, 1 resolution

25,235 shareholders on the register on 15 May 2026; votes counted by BMM & ASSOCIATES / Mr. B. M. Maheshwari.The company's voting result (opens in a new tab)

  1. APPROVAL FOR THE RE-APPOINTMENT OF SHRI. PRAVEEN SAXENA (DIN: 03199264) AS AN INDEPENDENT DIRECTOR OF THE COMPANY FOR A SECOND TERM OF FIVE CONSECUTIVE YEARS.
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.35%

    Turnout: all 28.43% · promoters 77.78% · institutions 34.49% · other public 0.92%

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, 29 Sep 2025, 5 resolutions

20,221 shareholders on the register on 22 Sep 2025; present: 16 promoters and 30 others; votes counted by BMM & ASSOCIATES / Mr. B. M. Maheshwari.The company's voting result (opens in a new tab)

  1. TO CONSIDER AND ADOPT THE STANDALONE AND CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2025 TOGETHER WITH THE REPORTS OF THE BOARD OF DIRECTORS’ AND AUDITOR’S THEREONMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 46.02% · promoters 90.25% · institutions 77.00% · other public 1.04%

  2. TO APPOINT A DIRECTOR IN PLACE OF SHRI BRIJMOHAN M. DHOOT (DIN: 01046420) WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.37%

    Turnout: all 46.02% · promoters 90.25% · institutions 77.00% · other public 1.04%

  3. TO RATIFY REMUNERATION PAYABLE TO RAMPURAWALA MOHAMMED A & CO. - COST ACCOUNTANTS, THE COST AUDITORS OF THE COMPANY FOR FINANCIAL YEAR 2025-26
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.07%

    Turnout: all 46.02% · promoters 90.25% · institutions 77.00% · other public 1.04%

  4. TO APPROVE MATERIAL RELATED PARTY TRANSACTIONS
    OrdinaryPromoters have an interest in it
    81.95% for18.05% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.42%

    Turnout: all 0.62% · promoters 0.00% · institutions 77.00% · other public 1.04%

  5. TO APPOINT RAGINI CHOKSHI & CO., AS THE SECRETARIAL AUDITOR OF THE COMPANY FOR THE PERIOD OF 5 YEARS BEGINNING FROM 1ST APRIL, 2025 TILL 31ST MARCH, 2030
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 46.02% · promoters 90.25% · institutions 77.00% · other public 1.04%

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.

Meeting called by the tribunal, 12 Aug 2025, 1 resolution

20,081 shareholders on the register on 5 Aug 2025; present: 13 promoters and 29 others; votes counted by Venugopal Prasad Rao / Venugopal Prasad Rao.The company's voting result (opens in a new tab)

  1. TO CONSIDER, AND IF THOUGHT FIT, TO PASS WITH REQUISITE MAJORITY THE RESOLUTION OF APPROVAL OF PROPOSED MERGER EMBODIES IN SCHEME OF MERGER BY ABSORPTION OF MANGALAM LABORATORIES PRIVATE LIMITED ("MLPL” OR "FIRST TRANSFEROR COMPANY") AND SHRI JB PHARMA PRIVATE LIMITED (FORMERLY KNOWN AS SHRI JB PHARMA LLP) ("SJPPL” OR "SECOND TRANSFEROR COMPANY") WITH MANGALAM DRUGS AND ORGANICS LIMITED ("MDOL" OR "TRANSFEREE COMPANY") AND THEIR RESPECTIVE SHAREHOLDERS.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 38.79% · promoters 76.48% · institutions 98.28% · other public 0.42%

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, 5 resolutions

Present: 16 promoters and 46 others.The company's voting result (opens in a new tab)

  1. CONSIDERATION AND ADOPTION OF THE STANDALONE AND CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2024, TOGETHER WITH THE REPORTS OF THE BOARD OF DIRECTORS’ AND AUDITOR’S THEREONMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 38.86% · promoters 76.12% · institutions 0.00% · other public 1.16%

  2. APPOINTMENT OF A DIRECTOR IN PLACE OF SHRI RAKESH KISHINCHAND MILWANI (DIN: 01115469) WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.31%

    Turnout: all 38.86% · promoters 76.12% · institutions 0.00% · other public 1.16%

  3. APPROVAL OF RE-APPOINTMENT OF SHRI GOVARDHAN M. DHOOT, MANAGING DIRECTOR OF THE COMPANY FOR ANOTHER TERM OF 3 YEARS W.E.F. 01ST NOVEMBER 2024 TILL 31ST OCTOBER 2027
    SpecialPromoters have an interest in it
    97.95% for2.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.05%

    Turnout: all 0.57% · promoters 0.00% · institutions 0.00% · other public 1.16%

  4. APPROVAL OF RE-APPOINTMENT OF SHRI BRIJMOHAN M. DHOOT, WHOLE TIME DIRECTOR OF THE COMPANY FOR ANOTHER TERM OF 3 YEARS W.E.F. 14TH AUGUST 2024 TILL 13TH AUGUST 2027
    SpecialPromoters have an interest in it
    97.95% for2.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.05%

    Turnout: all 0.57% · promoters 0.00% · institutions 0.00% · other public 1.16%

  5. RATIFICATION OF REMUNERATION PAYABLE TO RAMPURAWALA MOHAMMED A & CO. - COST ACCOUNTANTS, THE COST AUDITORS OF THE COMPANY FOR FINANCIAL YEAR 2024-25
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.21%

    Turnout: all 38.86% · promoters 76.12% · institutions 0.00% · other public 1.15%

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, 29 Sep 2023, 4 resolutions

Present: 17 promoters and 47 others.The company's voting result (opens in a new tab)

  1. TO CONSIDER AND ADOPT THE STANDALONE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED MARCH 31, 2023 TOGETHER WITH THE REPORTS OF THE BOARD OF DIRECTORS AND AUDITORS THEREON.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.96%

    Turnout: all 48.54% · promoters 96.18% · institutions 0.00% · other public 0.30%

  2. TO APPOINT A DIRECTOR IN PLACE OF SHRI GOVARDHAN M. DHOOT WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.60%

    Turnout: all 48.54% · promoters 96.18% · institutions 0.00% · other public 0.30%

  3. TO APPROVE MATERIAL RELATED PARTY TRANSACTIONS.
    OrdinaryPromoters have an interest in it
    93.67% for6.33% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.33%

    Turnout: all 0.15% · promoters 0.00% · institutions 0.00% · other public 0.30%

  4. TO RATIFY REMUNERATION PAYABLE TO RAMPURAWALA MOHAMMED A & CO.- COST ACCOUNTANTS, THE COST AUDITORS OF THE COMPANY FOR THE FINANCIAL YEAR 2023-24
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.05%

    Turnout: all 48.54% · promoters 96.18% · institutions 0.00% · other public 0.30%

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 Apr 2023, 2 resolutions

The company's voting result (opens in a new tab)

  1. To approve the re-appointment of Mrs. Nidhi S. Mundada (DIN: 08134952) as an Independent Director of the Company for a second term of five consecutive years
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.54%

    Turnout: all 48.88% · promoters 96.18% · institutions 0.00% · other public 0.98%

  2. To approve continuation of Shri Govardhan Murlidhar Dhoot (DIN: 01240086) as a Managing Director of the Company on attaining age of seventy years.
    SpecialPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.56%

    Turnout: all 20.16% · promoters 39.11% · institutions 0.00% · other public 0.98%

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, 28 Sep 2022, 10 resolutions

Present: 15 promoters and 57 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the standalone audited financial statements for the Financial Year ended March 31, 2022 together with the reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 39.38% · promoters 77.78% · institutions 0.00% · other public 0.32%

  2. TO APPOINT A DIRECTOR IN PLACE OF SHRI BRIJMOHAN M. DHOOT (DIN: 01046420) WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.43%

    Turnout: all 39.38% · promoters 77.78% · institutions 0.00% · other public 0.32%

  3. TO RATIFY REMUNERATION PAYABLE TO RAMPURAWALA MOHAMMED A & CO. - COST ACCOUNTANTS, THE COST AUDITORS OF THE COMPANY FOR THE FINANCIAL YEAR 2022-23.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.49%

    Turnout: all 39.38% · promoters 77.78% · institutions 0.00% · other public 0.32%

  4. TO APPROVE THE RE-APPOINTMENT OF SHRI RUKMESH P. DHANDHANIA (DIN: 02493968) AS AN INDEPENDENT DIRECTOR OF THE COMPANY FOR A SECOND TERM OF FIVE CONSECUTIVE YEARS.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.08%

    Turnout: all 39.38% · promoters 77.78% · institutions 0.00% · other public 0.32%

  5. TO APPROVE THE INCREASE IN BORROWING POWERS OF THE BOARD OF DIRECTORS UNDER SECTION 180(1)(C) AND 180(1)(A) OF THE COMPANIES, ACT, 2013.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.83%

    Turnout: all 39.38% · promoters 77.78% · institutions 0.00% · other public 0.32%

  6. TO APPROVE THE INCREASE IN THE LIMITS APPLICABLE FOR MAKING INVESTMENTS / EXTENDING LOANS AND GIVING GUARANTEES OR PROVIDING SECURITIES IN CONNECTION WITH LOANS TO PERSONS / BODIES CORPORATE.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.40%

    Turnout: all 39.38% · promoters 77.78% · institutions 0.00% · other public 0.32%

  7. TO APPROVE GIVING LOAN OR GUARANTEE OR PROVIDING SECURITY IN CONNECTION WITH LOAN AVAILED BY ANY OTHER PERSON SPECIFIED UNDER SECTION 185 OF THE COMPANIES ACT, 2013.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.32%

    Turnout: all 39.38% · promoters 77.78% · institutions 0.00% · other public 0.32%

  8. TO APPROVE MATERIAL RELATED PARTY TRANSACTIONS
    OrdinaryPromoters have an interest in it
    99.56% for0.44% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.44%

    Turnout: all 0.16% · promoters 0.00% · institutions 0.00% · other public 0.32%

  9. TO ADOPT NEW MEMORANDUM OF ASSOCIATION AS PER COMPANIES ACT, 2013.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.44%

    Turnout: all 39.38% · promoters 77.78% · institutions 0.00% · other public 0.32%

  10. TO ADOPT NEW SET OF ARTICLES OF ASSOCIATION AS PER COMPANIES ACT, 2013.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.44%

    Turnout: all 39.38% · promoters 77.78% · institutions 0.00% · other public 0.32%

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.

Stakes in unlisted companies

Reported in the filing for the quarter to Sep 2026.

  • Unlisted stake heldMANGALAM LABORATORIES PRIVATE LIMITEDSince 30 Sep 2023

    0.00% bought in the quarter; holding 100.00%, from 100.00%

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

None open at any quarter's end.
The board is made up as the listing rules require
No
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.