Madhya Bharat Agro Products logo

Madhya Bharat Agro Products MD, chairman, board of directors and AGM

NSE: MBAPLFertilizers & AgrochemicalsSmall Cap

Last close ₹159.77down ₹0.08 (0.05%)

Share price at the NSE close on 23 Oct 2026. Previous close ₹159.85.

52-week range of traded prices to 23 Oct 2026
₹76.56Low, 9 Dec 2025₹174.94High, 24 Aug 2026
Market cap
₹7,331 Cr833rd largest listed
P/E
47.3
P/B
13.3
Dividend yield
0.06%
ROE
32.5%
ROCE
13.9%
Debt to equity
1.56
Volume, NSE
8,36,65750.6% delivered

Madhya Bharat Agro Products 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

  • Managing directorPANKAJ OSTWAL
  • ChairpersonMAHENDRA KUMAR OSTWALRelated to the promoter
  • Company SecretaryPallavi Sukhwal

8 directors4 independent2 executive2 non-executive

  • PANKAJ OSTWAL · Managing directorExecutive · joined Feb 2009 · 2 listed boards
  • PRAVEEN OSTWALNon-executive · joined Nov 2014 · 2 listed boards
  • MAHENDRA KUMAR OSTWAL · ChairpersonNon-executive · joined Sep 2019 · 2 listed boards
  • SOURABH GUPTAExecutive · joined Jun 2021 · 1 listed board · 2 committee seats
  • PARAS MAL SURANAIndependent · joined Sep 2019 · reappointed Sep 2024 · 84 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • SHRUTI BABELIndependent · joined Sep 2020 · reappointed Sep 2020 · 72 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 2 as chair
  • BHERU LAL OSTWALIndependent · joined Sep 2019 · reappointed Sep 2024 · 84 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 3 as chair
  • GOPAL INANIIndependent · joined Sep 2022 · reappointed Sep 2022 · 48 months as independent · 2 listed boards · 2 as independent · 3 committee seats

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

    • 10 Sep 20268 of 8 present4 independent · 21 days in between
    • 19 Aug 20268 of 8 present4 independent · 20 days in between
    • 29 Jul 20268 of 8 present4 independent · 14 days in between
    • 14 Jul 20267 of 8 present4 independent · 19 days in between
    3 earlier meetings
    • 24 Jun 20268 of 8 present4 independent · 28 days in between
    • 26 May 20267 of 8 present4 independent · 38 days in between
    • 17 Apr 20268 of 8 present4 independent

  • Audit Committee

    Chair BHERU LAL OSTWAL

    SOURABH GUPTA, PARAS MAL SURANA

    • 14 Jul 20263 of 3 present2 independent · 87 days in between
    • 17 Apr 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair BHERU LAL OSTWAL

    GOPAL INANI, PARAS MAL SURANA

    • 17 Apr 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair SHRUTI BABEL

    GOPAL INANI, SOURABH GUPTA

    • 17 Apr 20263 of 3 present2 independent

  • Risk Management Committee

    Chair GOPAL INANI

    PARAS MAL SURANA, SOURABH GUPTA

    • 14 Jul 20263 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair GOPAL INANI

    PARAS MAL SURANA, BHERU LAL OSTWAL

    • 14 Jul 20263 of 3 present3 independent · 87 days in between
    • 17 Apr 20263 of 3 present3 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.

  • Ashok Kanther & AssociatesPeer-review certificate valid to Nov 2026

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.

Madhya Bharat Agro Products 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.Madhya Bharat Agro Products dividend history

Extraordinary general meeting, 28 Aug 2026

15,249 shareholders on the register on 21 Aug 2026; present: 9 promoters and 93 others; votes counted by Sourabh Bapna / Sourabh Bapna & Associates.The company's voting result (opens in a new tab)

  1. Issuance of equity shares to the persons belonging to “non-promoter” category on preferential basis.
    Special
    100.00% for0.00% against

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

    Turnout: all 85.47% · promoters 99.83% · institutions 0.00% · other public 42.95%

  2. Amendment in the main object clause of the memorandum of association of the company
    Special
    100.00% for0.00% against

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

    Turnout: all 85.47% · promoters 99.83% · 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.

Annual general meeting, 24 Jun 2026, 14 resolutions

12,411 shareholders on the register on 17 Jun 2026; present: 11 promoters and 48 others; votes counted by Sourabh Bapna / Sourabh Bapna & Associates.The company's voting result (opens in a new tab)

  1. To consider and adopt (a) the audited financial statement of the Company for the financial year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 87.09% · promoters 99.83% · institutions 0.00% · other public 49.37%

  2. To declare dividend on equity shares for the Financial Year 2025-26.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 87.09% · promoters 99.83% · institutions 0.00% · other public 49.37%

  3. To appoint a director in place of Praveen Ostwal (DIN: 00412207), who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

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

    Turnout: all 86.81% · promoters 99.83% · institutions 0.00% · other public 48.24%

  4. To approve and ratify the remuneration of the Cost Auditor(s) for the financial year ending 31st March 2027
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 86.81% · promoters 99.83% · institutions 0.00% · other public 48.24%

  5. To approve Increase in Borrowing Powers of the Company.
    Special
    99.97% for0.03% against

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

    Turnout: all 86.81% · promoters 99.83% · institutions 0.00% · other public 48.24%

  6. To Increase in limits for selling, leasing or otherwise disposing of the whole or substantially whole of the undertaking and/or Creating Charge/Security over the Assets/Undertaking of the Company.
    Special
    99.97% for0.03% against

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

    Turnout: all 86.81% · promoters 99.83% · institutions 0.00% · other public 48.24%

  7. To approve granting of loans, guarantees, securities and investments to Directors/Interested Parties under the applicable provisions of the Companies Act, 2013.
    SpecialPromoters have an interest in it
    99.97% for0.03% against

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

    Turnout: all 86.81% · promoters 99.83% · institutions 0.00% · other public 48.24%

  8. To approve Continuation of Directorship of Mr. Paras Mal Surana as a Non-Executive Independent Director of the Company upon attaining the age of 75 years.
    Special
    99.97% for0.03% against

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

    Turnout: all 86.81% · promoters 99.83% · institutions 0.00% · other public 48.24%

  9. To approve Sub-division/ split of existing 1 (One) Equity Share of face value of Rs. 10/- (Rupees Ten Only) each fully paid up into 5 (Five) Equity Shares of face value of Rs. 2/- (Rupees Two Only) each fully paid up.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 87.09% · promoters 99.83% · institutions 0.00% · other public 49.37%

  10. To approve Alteration of Capital Clause (Clause V) of the Memorandum of Association of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 87.09% · promoters 99.83% · institutions 0.00% · other public 49.37%

  11. To approve material related party transactions between the Company and Ostwal Phoschem (India) Limited (OPIL).
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 3.91% · promoters 0.00% · institutions 0.00% · other public 15.50%

  12. To approve material related party transactions between the Company and Krishana Phoschem Limited (KPL).
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 3.91% · promoters 0.00% · institutions 0.00% · other public 15.50%

  13. To approve material related party transactions between the Company and Shri Ganpati Fertilizers Limited (SGFL).
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 3.91% · promoters 0.00% · institutions 0.00% · other public 15.50%

  14. To approve raising of funds by way of issuance of equity shares/ equity linked securities/ warrants convertible into equity shares or any other instruments or securities through qualified institutional placement/ private placement/ public issue/ preferential issue or through any other permissible mode or combination thereof, as may be considered appropriate, in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and Supersession of Earlier Approval.MoreLess
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 87.09% · promoters 99.83% · institutions 0.00% · other public 49.37%

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, 2 Sep 2025, 13 resolutions

14,172 shareholders on the register on 26 Aug 2025; present: 8 promoters and 48 others; votes counted by Sourabh Bapna / Sourabh Bapna & Associates.The company's voting result (opens in a new tab)

  1. To consider and adopt (a) the audited financial statement of the Company for the financial year ended March 31, 2025
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 85.69% · promoters 98.83% · institutions 0.00% · other public 47.03%

  2. To declare dividend on equity shares for the Financial Year 2024-25
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 85.69% · promoters 98.83% · institutions 0.00% · other public 47.03%

  3. To appoint a director in place of Sourabh Gupta (DIN 07177647), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 85.69% · promoters 98.83% · institutions 0.00% · other public 47.03%

  4. To approve and fixing remuneration of the Cost Auditor(s) for the financial year ending 31st March 2026
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 85.69% · promoters 98.83% · institutions 0.00% · other public 47.03%

  5. To Appoint Secretarial Auditors for the financial year ending 31st March 2025 to 31st March 2030
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 85.69% · promoters 98.83% · institutions 0.00% · other public 47.03%

  6. To Approve the payment of remuneration of Mr. Pankaj Ostwal, in his capacity as Managing Director of the Company in excess of limits prescribed under of Regulation 17(6)(e)(i) of SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015MoreLess
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 80.29% · promoters 91.60% · institutions 0.00% · other public 47.03%

  7. To consider and Reappoint Mrs. Shruti Babel as a Women Independent Director of the Company for a second term of 5 years.
    Special
    100.00% for0.00% against

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

    Turnout: all 85.69% · promoters 98.83% · institutions 0.00% · other public 47.03%

  8. To approve and Re appoint Mr. Sourabh Gupta, the Chief Financial Officer of the company as Whole Time Director
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 85.69% · promoters 98.83% · institutions 0.00% · other public 47.03%

  9. To approve conversion of loan into equity
    Special
    100.00% for0.00% against

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

    Turnout: all 85.69% · promoters 98.83% · institutions 0.00% · other public 47.03%

  10. To approve material related party transactions between the Company and Ostwal Phoschem (India) Limited (OPIL).
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 73.88% · promoters 98.83% · institutions 0.00% · other public 0.49%

  11. To approve material related party transactions between the Company and Krishana Phoschem Limited (KPL).
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 73.88% · promoters 98.83% · institutions 0.00% · other public 0.49%

  12. To approve material related party transactions between the Company and Shri Ganpati Fertilizers Limited (SGFL).
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 73.88% · promoters 98.83% · institutions 0.00% · other public 0.49%

  13. To approve raising of funds through issuance of securities or any other instruments or securities representing either equity shares and/or convertible securities linked to equity shares by way of private placement or preferential issue or public issue or rights issue or Qualified Institutions Placement or such other permissible mode or combinations thereof.MoreLess
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 85.69% · promoters 98.83% · institutions 0.00% · other public 47.03%

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.

Extraordinary general meeting, 20 Mar 2025, 3 resolutions

9,294 shareholders on the register on 13 Mar 2025; present: 9 promoters and 52 others; votes counted by Sourabh Bapna / Sourabh Bapna & Associates.The company's voting result (opens in a new tab)

  1. To Increase in Borrowing Powers of the Company upto the limit of Rs. 1500 Crores (Rupees Fifteen Hundred Crores only)
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.92%

    Turnout: all 73.74% · promoters 98.85% · institutions 0.00% · other public 0.21%

  2. To Increase in limits for selling, leasing or otherwise disposing of the whole or substantially whole of the undertaking and/or Creating Charge/Security over the Assets/Undertaking of the Company upto the limit of Rs. 1500 Crores (Rupees Fifteen Hundred Crores only)MoreLess
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.92%

    Turnout: all 73.74% · promoters 98.85% · institutions 0.00% · other public 0.21%

  3. To make investments, give loans, guarantees and security in excess of limits specified under section 186 of the Companies Act, 2013 up to an aggregate sum of Rs. 500 Crore (Rupees Five Hundred Crore)
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.92%

    Turnout: all 73.74% · promoters 98.85% · institutions 0.00% · other public 0.21%

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.

Extraordinary general meeting, 17 Feb 2025, 1 resolution

9,638 shareholders on the register on 10 Feb 2025; present: 11 promoters and 27 others; votes counted by Sourabh Bapna / Sourabh Bapna & Associates.The company's voting result (opens in a new tab)

  1. Approval to raise capital by way of a qualified institutions placement to eligible investors through an issuance of equity shares or other eligible securities for an amount aggregating up to ₹ 200,00,00,000/- (Rupees Two Hundred Crores Only)MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 88.73% · promoters 97.33% · institutions 0.00% · other public 63.54%

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, 20 Sep 2024, 10 resolutions

Present: 8 promoters and 33 others.The company's voting result (opens in a new tab)

  1. To consider and adopt (a) the audited financial statement of the Company for the financial year ended March 31, 2024 and 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 0.00%

    Turnout: all 87.13% · promoters 98.71% · institutions 0.00% · other public 53.40%

  2. To declare dividend on equity shares for the Financial Year 2023-24. #
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 87.13% · promoters 98.71% · institutions 0.00% · other public 53.40%

  3. Appoint of Director in place of Mr. Mahendra Kumar Ostwal (DIN: 00412163), who retires by rotation and being eligible, offers himself for re-appointment. #
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 82.00% · promoters 91.81% · institutions 0.00% · other public 53.40%

  4. To Approve and ratify the remuneration of the Cost Auditor(s) for the financial year ending 31st March 2025. #
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 87.13% · promoters 98.71% · institutions 0.00% · other public 53.40%

  5. To re-appoint Mr. Pankaj Ostwal as the Managing Director of the company for a term of five (5) consecutive years. #
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 85.04% · promoters 95.90% · institutions 0.00% · other public 53.40%

  6. To Re-appoint Mr. Paras Mal Surana as an Independent Director of the Company for the second term of consisting five (5) consecutive years. #
    Special
    100.00% for0.00% against

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

    Turnout: all 87.13% · promoters 98.71% · institutions 0.00% · other public 53.40%

  7. To Re-appoint Mr. Bheru Lal Ostwal as an Independent Director of the Company for the second term of consisting five (5) consecutive years. #
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 87.13% · promoters 98.71% · institutions 0.00% · other public 53.40%

  8. To approve material related party transactions between the Company and Ostwal Phoschem (India) Limited (OPIL). #
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 1.14% · promoters 0.00% · institutions 0.00% · other public 4.46%

  9. To approve material related party transactions between the Company and Krishana Phoschem Limited (KPL). #
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 1.14% · promoters 0.00% · institutions 0.00% · other public 4.46%

  10. To approve material related party transactions between the Company and Shri Ganpati Fertilizers Limited (SGFL). #
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 1.14% · promoters 0.00% · institutions 0.00% · other public 4.46%

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 2023, 8 resolutions

Present: 6 promoters and 33 others.The company's voting result (opens in a new tab)

  1. To consider and adopt (a) the audited financial statement of the Company for the financial year ended March 31, 2023 and 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 0.00%

    Turnout: all 76.74% · promoters 93.67% · institutions 0.00% · other public 27.89%

  2. To declare dividend on equity shares for the Financial Year 2022-23
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.74% · promoters 93.67% · institutions 0.00% · other public 27.89%

  3. Appoint of Director in place of Mr. Mr. Praveen Ostwal (DIN 00412207), 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 0.00%

    Turnout: all 76.74% · promoters 93.67% · institutions 0.00% · other public 27.89%

  4. To Approve and ratify the remuneration of the Cost Auditor(s) for the financial year ending 31st March 2024.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.74% · promoters 93.67% · institutions 0.00% · other public 27.89%

  5. To approve and increase in authorized share capital of the company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.74% · promoters 93.67% · institutions 0.00% · other public 27.89%

  6. To approve issue of Bonus shares of the company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.74% · promoters 93.67% · institutions 0.00% · other public 27.89%

  7. To approve material related party transactions between the Company and Ostwal Phoschem (India) Limited (OPIL).
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 76.74% · promoters 93.67% · institutions 0.00% · other public 27.89%

  8. To approve material related party transactions between the Company and Krishana Phoschem Limited (KPL).
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 76.74% · promoters 93.67% · institutions 0.00% · other public 27.89%

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 2022, 9 resolutions

Present: 7 promoters and 38 others.The company's voting result (opens in a new tab)

  1. To consider and adopt (a) the audited financial statement of the Company for the financial year ended March 31, 2022 and 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 0.00%

    Turnout: all 77.62% · promoters 94.54% · institutions 0.00% · other public 28.30%

  2. To declare dividend on equity shares for the Financial Year 2021-22
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.62% · promoters 94.54% · institutions 0.00% · other public 28.30%

  3. Appoint of Director in place of Mr. Mr. Sourabh Gupta (DIN 07177647), 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 0.00%

    Turnout: all 77.62% · promoters 94.54% · institutions 0.00% · other public 28.30%

  4. Appoint new statutory Auditor namely M/s Ashok Kanther & Associates, Chartered Accountants in place of outgoing statutory auditors namely M/S Rajneesh Kanther & Associates, Chartered Accountants whose five-year term expires with the conclusion of ensuing 25th AGM of the companyMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.62% · promoters 94.54% · institutions 0.00% · other public 28.30%

  5. To Approve and ratify the remuneration of the Cost Auditor(s) for the financial year ending 31st March 2023.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.62% · promoters 94.54% · institutions 0.00% · other public 28.30%

  6. To approve and regularized the appointment of Mr. Gopal Inani as an Independent Director
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.62% · promoters 94.54% · institutions 0.00% · other public 28.30%

  7. To approve and increase in authorized share capital of the company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.62% · promoters 94.54% · institutions 0.00% · other public 28.30%

  8. To approve issue of Bonus shares of the company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.62% · promoters 94.54% · institutions 0.00% · other public 28.30%

  9. To approve material related party transactions of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.62% · promoters 94.54% · institutions 0.00% · other public 28.30%

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.

Fines and tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Fine or penaltyCommercial Department UPSince 9 Sep 2026

    Penalty Amount imposed under Sec 129 of the UPGST Act 2017, for non compliance of E way Bill

    Non Compliance of the E way Bill under rule 168 of the CGST Act 2017
  • Tax disputeCommercial Tax Department MPSince 28 Jan 2015
    Case pending before appellate authority , however company has been deposite the amount of the demand
    At the filing before: Appeal Filed at Appellate Board ,Commercial Tax, Bhopal
  • Tax disputeIncome Tax DepartmentSince 31 Mar 2026
    Appeal has been filed against the order to the respective Appellate Authority
    At the filing before: The Company has received the notice (after ractification) regarding to the non compliance of the payment made to the MSME vendors (Amounting of Rs 4.08 Cr.) within the time limit as prescribed under the Income Tax Act 1961MoreLess
  • Tax disputeCentral GST & Central Excise Raipur CGSince 30 Jun 2026
    Case drop order has been received with NIL demand
    At the filing before: Reply Submitted
  • Tax disputeCGST Karnal, HaryanaSince 17 Jun 2026
    Case pending before Adjudicated authority for Adjudicating
    At the filing before: Reply Submitted

In the company's own words, from its latest governance filing.

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
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.