Maxgrow India MD, chairman, board of directors and AGM
BSE: 521167Consumer DurablesSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹199.30.
- 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.
- ₹780 Cr2,375th 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.
- Earlier quarters restated in the year
- 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 11 Aug 2026
- 0.4
- 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
- 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 21 Aug 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 11 Aug 2026
- 0.00
- Volume, BSEVolume. Shares traded on the last trading day.
- 797
Maxgrow India board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Managing directorShivkumar Ramsagar Pasi
- ChairpersonLaxman Medudula
6 directors4 independent1 executive1 non-executive
- Shivkumar Ramsagar Pasi · Managing directorExecutive · joined Dec 2024 · 18 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Guda RakeshNon-executive · joined Sep 2024 · 21 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- Amarjit Kumar ShrivastavIndependent · joined Sep 2024 · 21 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Laxman Medudula · ChairpersonIndependent · joined Sep 2024 · 21 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Pooja Pravin KeerIndependent · joined Sep 2024 · 21 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- KrishnanIndependent · joined Jun 2026 · 0 months as independent · 2 listed boards · 2 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.
3 directors who left
- Roshni Rahul Saraf, left 19 Nov 2024: Others
- Gita Devi Agarwal, left 19 Nov 2024: Others
- Amit Kumar Singh, left 19 Nov 2024: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 29 Jun 20265 of 5 present3 independent · 30 days in between
- 29 May 20265 of 5 present3 independent · 23 days in between
- 5 May 20265 of 5 present3 independent · 31 days in between
- 3 Apr 20265 of 5 present3 independent
Audit Committee
Chair Pooja Pravin Keer
Shivkumar Ramsagar Pasi, Amarjit Kumar Shrivastav, Laxman Medudula
- 29 Jun 20264 of 4 present3 independent · 30 days in between
- 29 May 20264 of 4 present3 independent · 23 days in between
- 5 May 20264 of 4 present3 independent
- 3 Apr 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Pooja Pravin Keer
Amarjit Kumar Shrivastav, Laxman Medudula
- 29 Jun 20263 of 3 present3 independent · 86 days in between
- 3 Apr 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair Laxman Medudula
Amarjit Kumar Shrivastav, Guda Rakesh
No meeting listed in the filing.
Risk Management Committee
Chair Laxman Medudula
Guda Rakesh, Amarjit Kumar Shrivastav, Shivkumar Ramsagar Pasi
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 Jun 2026.
- R.B. Jain & AssociatesPeer-review certificate valid to Mar 2027
2 earlier auditors
- R B Jain and AssociatesNamed in the filing for the quarter to Mar 2026
- RB Jain and AssociatedNamed in the filing for the quarter to Mar 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.
Maxgrow India 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.Maxgrow India share news and announcements
Annual general meeting, 28 Sep 2026
10,639 shareholders on the register on 21 Sep 2026; present: 1 promoter and 30 others; votes counted by BHAVIKA GHUNTLA / M/S.BYG & ASSOCIATES.The company's voting result (opens in a new tab)
- To receive and consider financial audit report and directors report of the Company for the FY ending March 31,2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 93.61% · promoters 100.00% · institutions 0.00% · other public 36.13%
- To re-appoint Mr. Amarjit Kumar Shrivastav (DIN: 10773544), who is retires by rotation.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 93.61% · promoters 100.00% · institutions 0.00% · other public 36.13%
- To Appoint Statutory Auditors of the Company to fill Casual Vacancy.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 93.61% · promoters 100.00% · institutions 0.00% · other public 36.13%
- To re-appoint M/s. BNK & Associates as a Statutory Auditor of the Company and fixing their remuneration.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 93.61% · promoters 100.00% · institutions 0.00% · other public 36.13%
- To regularize appointment of Mr. Krishnan as an Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 93.61% · promoters 100.00% · institutions 0.00% · other public 36.13%
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.