Megastar Foods logo

Megastar Foods MD, chairman, board of directors and AGM

NSE: MEGASTARBSE: 541352Food ProductsSmall Cap

Last close ₹251.69down ₹13.50 (5.09%)BSE ₹255.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹265.19.

52-week range of traded prices to 23 Oct 2026
₹204.40Low, 25 Feb 2026₹392.00High, 13 Jul 2026
Market cap
₹284 Cr2,130th largest listed
P/E
28.7
P/B
2.8
Dividend yield
Nonein the last 12 months
ROE
10.1%
ROCE
11.4%
Debt to equity
1.28
Volume, NSE
2,60381.6% delivered

Megastar Foods 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 directorVikas Goel
  • Company Secretary and Compliance OfficerHARSH SHARMA

6 directors3 independent3 executive

  • Vikas Goel · Chairperson and managing directorExecutive · joined Nov 2011 · reappointed Apr 2023 · 1 listed board · 2 committee seats
  • Vikas GuptaExecutive · joined Nov 2011 · reappointed Apr 2023 · 1 listed board
  • Mudit GoyalExecutive · joined Mar 2018 · reappointed Apr 2023 · 1 listed board
  • Prabhat KumarIndependent · joined Apr 2018 · reappointed Apr 2023 · 101 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Savita BansalIndependent · joined Apr 2018 · reappointed Apr 2023 · 101 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • Rajiv KathuriaIndependent · joined Apr 2023 · 41 months as independent · 1 listed board · 1 as independent · 2 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

    • 12 Aug 20264 of 6 present1 independent · 35 days in between
    • 7 Jul 20264 of 6 present1 independent · 27 days in between
    • 9 Jun 20266 of 6 present3 independent · 18 days in between
    • 21 May 20266 of 6 present3 independent

  • Audit Committee

    Chair Savita Bansal

    Rajiv Kathuria, Vikas Goel, Prabhat Kumar

    • 12 Aug 20264 of 4 present3 independent · 82 days in between
    • 21 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Savita Bansal

    Rajiv Kathuria, Prabhat Kumar

    • 20 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Savita Bansal

    Prabhat Kumar, Vikas Goel, Rajiv Kathuria

    • 20 May 20264 of 4 present3 independent

  • Corporate Social Responsibility Committee

    • 20 May 20264 of 4 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.

  • Nitin Mahajan & AssociatesPeer-review certificate valid to May 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.

Megastar Foods 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.Megastar Foods share news and announcements

Annual general meeting, 23 Sep 2026

6,018 shareholders on the register on 17 Sep 2026; present: 7 promoters and 6,011 others; votes counted by AJAY ARORA / A.ARORA & CO..The company's voting result (opens in a new tab)

  1. To consider, approve and adopt the Standalone and Consolidated Audited Financial Statements of the Company for the financial year ended 31st March 2026 and the reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 62.69% · promoters 100.00% · institutions 0.00% · other public 8.08%

  2. To appoint a director in place of Mr. Vikas Goel (DIN: 05122585) who retires by rotation and being eligible, offers himself for re-appointment as a director.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 62.69% · promoters 100.00% · institutions 0.00% · other public 8.08%

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 Sep 2025, 6 resolutions

8,341 shareholders on the register on 17 Sep 2025; present: 7 promoters and 41 others; votes counted by AJAY ARORA / A.ARORA & CO..The company's voting result (opens in a new tab)

  1. To consider, approve and adopt the Standalone and Consolidated Audited Financial Statements of the Company for the financial year ended 31st March 2025 and the reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 66.14% · promoters 100.00% · institutions 0.00% · other public 13.16%

  2. To appoint a director in place of Mr. Mudit Goyal (DIN: 08099543) who retires by rotation and being eligible, offers himself for re-appointment as a director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 66.14% · promoters 100.00% · institutions 0.00% · other public 13.16%

  3. Appointment of Secretarial Auditors for a term of Five Consecutive Years and fix their Remuneration
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 66.14% · promoters 100.00% · institutions 0.00% · other public 13.16%

  4. To fix the remuneration payable to Mr. Vikas Goel, Chairman cum Managing Director of the Company
    SpecialPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 4.67% · promoters 0.00% · institutions 0.00% · other public 13.16%

  5. To fix the remuneration payable to Mr. Vikas Gupta, Whole-time Director of the Company
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 4.67% · promoters 0.00% · institutions 0.00% · other public 13.16%

  6. To fix the remuneration payable to Mr. Mudit Goyal, Whole-time Director of the Company
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 4.67% · promoters 0.00% · institutions 0.00% · other public 13.16%

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 Apr 2025, 3 resolutions

9,008 shareholders on the register on 28 Feb 2025; votes counted by AJAY ARORA / A.ARORA & CO..The company's voting result (opens in a new tab)

  1. Increase in Limits of Borrowings under Section 180 (1) (c) of the Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 63.37% · promoters 100.00% · institutions 0.00% · other public 5.39%

  2. Increase in Limits for creating Mortgage/Hypothecation/Charge on Assets of the Company under Section 180 (1) (A) of the Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 63.37% · promoters 100.00% · institutions 0.00% · other public 5.39%

  3. Material Related Party Transaction(s) with Ganesh Flour Mills
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 1.90% · promoters 0.00% · institutions 0.00% · other public 5.39%

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, 2 resolutions

Present: 7 promoters and 42 others.The company's voting result (opens in a new tab)

  1. To consider, approve and adopt the Standalone and Consolidated Audited Financial Statements of the Company for the financial year ended 31st March, 2024 and the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 66.65% · promoters 100.00% · institutions 0.00% · other public 13.56%

  2. To appoint a Director in place of Mr. Vikas Gupta (DIN: 05123386) who retires by rotation and being eligible, offers himself for re-appointment as a Director.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 66.65% · promoters 100.00% · institutions 0.00% · other public 13.56%

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.

Postal ballot, 16 May 2024, 2 resolutions

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

  1. Increase in Limits of Borrowings under Section 180 (1) (c) of the Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 62.55% · promoters 98.56% · institutions 0.00% · other public 5.66%

  2. Increase in Limits for creating mortgage/hypothecation/charge on assets of the Company under Section 180 (1) (a) of the Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 62.55% · promoters 98.56% · institutions 0.00% · other public 5.66%

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.

Extraordinary general meeting, 23 Dec 2023, 1 resolution

Present: 7 promoters and 29 others.The company's voting result (opens in a new tab)

  1. To Issue Equity Share On Preferential Basis
    Special
    100.00% for0.00% against

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

    Turnout: all 3.39% · promoters 0.53% · institutions 0.00% · other public 10.77%

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, 27 Sep 2023, 3 resolutions

Present: 7 promoters and 25 others.The company's voting result (opens in a new tab)

  1. TO CONSIDER ,APPROVE AND ADOPT THE STANDALONE AND CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 AND THE REPORTS OF THE BOARD OF DIRECTORS & AUDITORS THEREON.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 81.92% · promoters 100.00% · institutions 0.00% · other public 42.81%

  2. To appoint a Director in place of Mr. Vikas Goel (DIN: 05122585n) who retires by rotation and being eligible, offers himself for re-appointment as a Director.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 81.92% · promoters 100.00% · institutions 0.00% · other public 42.81%

  3. To appoint statutory auditor & fix their remuneration.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 81.92% · promoters 100.00% · institutions 0.00% · other public 42.81%

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, 2 Jul 2023, 2 resolutions

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

  1. Ratification of material related party transaction(s) with Ganesh Flour Mills.
    SpecialPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 9.42% · promoters 0.00% · institutions 0.00% · other public 29.80%

  2. Material related party transaction(s) with Ganesh Flour Mills.n
    SpecialPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 9.42% · promoters 0.00% · institutions 0.00% · other public 29.80%

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

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
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.