Mawana Sugars MD, chairman, board of directors and AGM
NSE: MAWANASUGBSE: 523371Agricultural Food & other ProductsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹169.07.
- Delivery only: shares bought must be paid for in full, with no selling on the same day.
- 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.
- ₹631 Cr2,037th 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 8 Aug 2026
- 22.9
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by 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). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹5.52 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 19.1
- 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 23 May 2026
- 1.2
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 2.48%
- 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 8 Aug 2026
- 5.4%
- 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 −₹5.52 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 6.5%
- 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 8 Aug 2026
- 6.1%
- 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 23 May 2026
- 0.80
- Volume, NSEVolume. Shares traded on the last trading day.
- 99,688
Mawana Sugars 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
- ChairpersonKrishna ShriramRelated to the promoter
- Managing directorRakesh Kumar Gangwar
- Company Secretary and Compliance OfficerAshok Kumar Shukla
6 directors3 independent1 executive2 non-executive
- Satish AgrawalIndependent · joined Nov 2021 · reappointed Nov 2021 · 59 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Krishna Shriram · ChairpersonNon-executive · joined May 2021 · reappointed Jun 2025 · 1 listed board · 1 committee seat
- Mukesh ChauhanNon-executive · joined Nov 2021 · reappointed Jul 2026 · 1 listed board
- Arun Kumar KaulIndependent · joined Aug 2022 · reappointed Aug 2022 · 50 months as independent · 1 listed board · 1 as independent
- Anuradha DuttIndependent · joined Dec 2023 · reappointed Dec 2023 · 34 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
- Rakesh Kumar Gangwar · Managing directorExecutive · joined Aug 2024 · reappointed Aug 2024 · 1 listed board · 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.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 8 Aug 20266 of 6 present3 independent · 34 days in between
- 4 Jul 20266 of 6 present3 independent · 28 days in between
- 5 Jun 20266 of 6 present3 independent
Audit Committee
Chair Satish Agrawal
Krishna Shriram, Anuradha Dutt, Arun Kumar Kaul
- 8 Aug 20264 of 4 present3 independent · 76 days in between
- 23 May 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Anuradha Dutt
Satish Agrawal, Krishna Shriram
- 8 Aug 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Anuradha Dutt
Satish Agrawal, Rakesh Kumar Gangwar
No meeting listed in the filing.
Risk Management Committee
Chair Satish Agrawal
Anuradha Dutt, Rakesh Kumar Gangwar, Vikash
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair Anuradha Dutt
Satish Agrawal, Rakesh Kumar Gangwar
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.
- S.R. Batliboi & Co. LLPPeer-review certificate valid to Jul 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.
Mawana Sugars 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.Mawana Sugars dividend history
Postal ballot, 17 Sep 2026
54,383 shareholders on the register on 14 Aug 2026; votes counted by Nirbhay Kumar / Nirbhay Kumar & Associates.The company's voting result (opens in a new tab)
- Re-appointment of Mr. Satish Agrawal (DIN-00167589) as a Non-Executive Independent Director of the Company for Second Term of 5 years w.e.f. 03.11.2026 to 02.11.2031Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.96%
Turnout: all 64.44% · promoters 100.00% · institutions 54.19% · other public 1.05%
- To approve payment of remuneration to Mr. Rakesh Kumar Gangwar (DIN-09485856), Managing Director of the Company for a period 1 (One) Year w.e.f. August 13, 2026 to August 12, 2027Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 2.00%
Turnout: all 64.44% · promoters 100.00% · institutions 54.19% · other public 1.05%
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, 4 Jul 2026, 4 resolutions
56,217 shareholders on the register on 27 Jun 2026; present: 1 promoter and 192 others; votes counted by Nirbhay Kumar / Nirbhay Kumar & Associates.The company's voting result (opens in a new tab)
To consider and adopt: a) the audited standalone financial statements of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon; and b) the audited consolidated financial statements of the Company for the financial year ended March 31, 2026 and the report of Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 64.82% · promoters 100.00% · institutions 86.04% · other public 2.48%
- Declaration of dividend of Rs.4 per equity share of face value of Rs.10 each for the financial year 2025-26.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 64.82% · promoters 100.00% · institutions 86.04% · other public 2.48%
- To appoint a Director in place of Mr. Mukesh Chauhan (DIN-09387262), who retires by rotation and being eligible, offers himself for reappointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.07%
Turnout: all 64.82% · promoters 100.00% · institutions 86.04% · other public 2.48%
- Ratification of remuneration to Cost Auditors for the financial year 2026-27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 64.82% · promoters 100.00% · institutions 86.04% · other public 2.48%
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, 21 Feb 2026, 1 resolution
57,923 shareholders on the register on 14 Feb 2026; present: 0 promoters and 93 others; votes counted by Sameer Ali / ANZ LAWZ.The company's voting result (opens in a new tab)
To consider and if thought fit to approve with or without modification(s) the Scheme of Amalgamation between Mawana Foods Private Limited and Mawana Sugars Limited and their respective shareholders and creditors (Scheme) under the provisions of Sections 230 to 232 of the Companies Act 2013 read with the Companies (Compromises Arrangements and Amalgamations) Rule 2016MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 64.53% · promoters 100.00% · institutions 0.00% · other public 2.90%
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 Jun 2025, 6 resolutions
58,560 shareholders on the register on 21 Jun 2025; present: 0 promoters and 159 others; votes counted by Nirbhay Kumar / Nirbhay Kumar & Associates.The company's voting result (opens in a new tab)
To consider and adopt: (a) the audited standalone financial statements of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors and Auditors thereon; and (b) the audited consolidated financial statements of the Company for the financial year ended March 31, 2025 and the report of Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 64.82% · promoters 100.00% · institutions 47.38% · other public 2.44%
Declaration of final dividend of Rs.1/- per equity share of face value of Rs.10/- each and to note the payment of interim dividend of Rs.3.00 per equity share of face value of Rs.10/- each already paid during the financial year 2024-25.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 64.82% · promoters 100.00% · institutions 47.38% · other public 2.44%
- Appointment of Mr. Krishna Shriram (DIN-00031783), Director who retires by rotation and being eligible, offers himself for Appointment.OrdinaryPromoters have an interest in it99.35% for0.65% against
Against: promoters 0.00% · institutions 91.32% · other public 0.14%
Turnout: all 64.82% · promoters 100.00% · institutions 47.38% · other public 2.45%
- Ratification of remuneration to Cost Auditors for the financial year 2025-26Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 64.82% · promoters 100.00% · institutions 47.38% · other public 2.44%
- Appointment of Secretarial Auditors for a term of five consecutive years commencing from financial year 2025-26 to financial year 2029-30Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 64.82% · promoters 100.00% · institutions 47.38% · other public 2.44%
- Approval of payment of remuneration to Mr. Rakesh Kumar Gangwar (DIN-09485856), Managing Director of the Company for a period 1 (One) Year w.e.f. August 13, 2025 to August 12, 2026Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 64.82% · promoters 100.00% · institutions 47.38% · other public 2.44%
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, 22 Sep 2024, 2 resolutions
The company's voting result (opens in a new tab)
- Appointment of Mr. Rakesh Kumar Gangwar (DIN:09485856) as a Director of the CompanyOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 2.41%
Turnout: all 64.28% · promoters 99.99% · institutions 53.93% · other public 1.02%
Appointment of Mr. Rakesh Kumar Gangwar (DIN:09485856) as Managing Director of the Company w.e.f. 13.08.2024 for a period of 5 years and payment of remuneration for a period of 1 (One) year w.e.f. 13.08.2024 to 12.08.2025MoreLess
Special99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 2.48%
Turnout: all 64.27% · promoters 100.00% · institutions 53.93% · other public 1.01%
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, 6 Jul 2024, 4 resolutions
Present: 1 promoter and 144 others.The company's voting result (opens in a new tab)
To consider and adopt: n(a) tthe audited standalone financial statements of the Company for the financial year ended 31st March, 2024 and the reports of the Board of Directors and Auditors thereon; andn(b) tthe audited consolidated financial statements of the Company for the financial year ended 31st March, 2024 and the report of Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.25%
Turnout: all 64.03% · promoters 100.00% · institutions 47.16% · other public 0.33%
- Declaration of dividend of Rs.4/- (40%) per equity share of face value of Rs.10/- each for the financial year ended 31.3.2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.25%
Turnout: all 64.03% · promoters 100.00% · institutions 47.16% · other public 0.33%
- Re-appointment of Mr. Mukesh Chauhan (DIN-09387262) Director who retires by rotation and, being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it99.34% for0.66% against
Against: promoters 0.00% · institutions 100.00% · other public 0.55%
Turnout: all 64.03% · promoters 100.00% · institutions 47.16% · other public 0.33%
- Ratification of remuneration to Cost Auditors for the financial year 2024-25Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.46%
Turnout: all 64.03% · promoters 100.00% · institutions 47.16% · other public 0.33%
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, 9 Jan 2024, 1 resolution
The company's voting result (opens in a new tab)
- Appointment of Ms. Anuradha Dutt (DIN: 00145124) as a Non-Executive and Independent Director of the Company for a period of five years w.e.f. 1.12.2023 to 30.11.2028.Special99.73% for0.27% against
Against: promoters 0.00% · institutions 0.00% · other public 19.12%
Turnout: all 64.75% · promoters 100.00% · institutions 51.84% · other public 2.56%
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, 14 Jul 2023, 4 resolutions
Present: 1 promoter and 157 others.The company's voting result (opens in a new tab)
To consider and adopt: n(a) tthe audited financial statements of the Company for the financial year ended 31st march, 2023 and the reports of the Board of Directors and Auditors thereon; and n(b) tthe audited consolidated financial statements of the Company for the financial year ended 31st march, 2023 and the report of Auditors thereonMoreLess
Ordinary99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 1.63%
Turnout: all 63.82% · promoters 100.00% · institutions 0.00% · other public 0.93%
- Declaration of dividend of Rs.3/- (30%) per equity share of face value of Rs.10/- each for the financial year ended 31.3.2023.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.58%
Turnout: all 63.83% · promoters 100.00% · institutions 0.00% · other public 0.96%
- Re-appointment of Mr. Krishna Shriram (DIN- 00031783)), Director who retires by rotation and, being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.93%
Turnout: all 63.82% · promoters 100.00% · institutions 0.00% · other public 0.93%
- Ratification of remuneration to Cost Auditors for the financial year 2023-24Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 2.08%
Turnout: all 63.82% · promoters 100.00% · institutions 0.00% · other public 0.93%
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.