Mahalaxmi Rubtech MD, chairman, board of directors and AGM
NSE: MHLXMIRUBSE: 514450Textiles & ApparelsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹160.34.
- Delivery only: shares bought must be paid for in full, with no selling on the same day.
- Next results date: the board meets on 31 Oct 2026 to consider: financial results.
- 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.
- ₹177 Cr2,439th 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 11 Aug 2026
- 7.7
- 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 29 May 2026
- 2.0
- 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
- 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 11 Aug 2026
- 29.0%
- 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 11 Aug 2026
- 25.8%
- 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 29 May 2026
- 0.13
- Volume, NSEVolume. Shares traded on the last trading day.
- 15,005
Mahalaxmi Rubtech 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
- ChairpersonJEETMAL BHOORCHAND PAREKHRelated to the promoter
- Managing directorRAHUL JEETMAL PAREKH
- Managing directorANAND JEETMAL PAREKH
- Company Secretary and Compliance OfficerKaran Parikh
6 directors3 independent2 executive1 non-executive
- JEETMAL BHOORCHAND PAREKH · ChairpersonNon-executive · joined Aug 1993 · 3 listed boards
- RAHUL JEETMAL PAREKH · Managing directorExecutive · joined Jul 1995 · 3 listed boards · 3 committee seats
- ANAND JEETMAL PAREKH · Managing directorExecutive · joined Nov 2008 · 3 listed boards · 6 committee seats
- RENUKABEN PATELIndependent · joined Apr 2026 · 6 months as independent · 1 listed board · 1 as independent · 1 committee seat
- BALVEERMAL KEWALMAL SINGHVIIndependent · joined Apr 2021 · reappointed Apr 2026 · 66 months as independent · 6 listed boards · 6 as independent · 5 committee seats, 4 as chair
- NEHAL MAYUR SHAHIndependent · joined Oct 2021 · 60 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 3 as chair
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
- SANGITA SHINGI, left 31 Mar 2026: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 24 Sep 20266 of 6 present3 independent · 43 days in between
- 11 Aug 20266 of 6 present3 independent · 13 days in between
- 28 Jul 20266 of 6 present3 independent · 46 days in between
- 11 Jun 20266 of 6 present3 independent · 13 days in between
3 earlier meetings
- 28 May 20266 of 6 present3 independent · 41 days in between
- 16 Apr 20266 of 6 present3 independent · 14 days in between
- 1 Apr 20265 of 5 present2 independent
Audit Committee
Chair BALVEERMAL KEWALMAL SINGHVI
ANAND JEETMAL PAREKH, RENUKABEN PATEL, NEHAL MAYUR SHAH
- 11 Aug 20264 of 4 present3 independent · 13 days in between
- 28 Jul 20264 of 4 present3 independent · 60 days in between
- 28 May 20264 of 4 present3 independent · 56 days in between
- 1 Apr 20263 of 3 present2 independent
Nomination and remuneration committee
Chair RENUKABEN PATEL
JEETMAL BHOORCHAND PAREKH, BALVEERMAL KEWALMAL SINGHVI
- 11 Aug 20263 of 3 present2 independent · 74 days in between
- 28 May 20263 of 3 present2 independent · 56 days in between
- 1 Apr 20262 of 2 present1 independent
Stakeholders Relationship Committee
Chair NEHAL MAYUR SHAH
RAHUL JEETMAL PAREKH, ANAND JEETMAL PAREKH
- 11 Aug 20263 of 3 present1 independent · 74 days in between
- 28 May 20263 of 3 present1 independent
Risk Management Committee
Chair ANAND JEETMAL PAREKH
RAHUL JEETMAL PAREKH, NEHAL MAYUR SHAH
- 11 Aug 20263 of 3 present1 independent · 74 days in between
- 28 May 20263 of 3 present1 independent
Corporate Social Responsibility Committee
Chair RAHUL JEETMAL PAREKH
ANAND JEETMAL PAREKH, RENUKABEN PATEL
- 11 Aug 20263 of 3 present1 independent · 74 days in between
- 28 May 20263 of 3 present1 independent
SHARE TRANSFER COMMITTEE
Chair Rahul Jeetmal Parekh
Jeetmal Bhoorchand Parekh, Anand Jeetmal Parekh
- 11 Aug 20263 of 3 present0 independent · 74 days in between
- 28 May 20263 of 3 present0 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.
- Jain Chowdhary and Co.Peer-review certificate valid to Feb 2029
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.
Mahalaxmi Rubtech 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.Mahalaxmi Rubtech share news and announcements
Annual general meeting, 25 Sep 2026
6,330 shareholders on the register on 18 Sep 2026; present: 16 promoters and 56 others; votes counted by Rohit Periwal / Rohit Periwal & Associates.The company's voting result (opens in a new tab)
TO RECEIVE, CONSIDER AND IF APPROVED, ADOPT THE AUDITED FINANCIAL STATEMENT OF THE COMPANY, FOR THE FINANCIAL YEAR ENDED ON MARCH 31, 2026, AND THE REPORTS OF THE BOARD OF DIRECTORS AND AUDITORS THEREONMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.16% · promoters 99.97% · institutions 0.00% · other public 3.92%
- TO APPOINT A DIRECTOR IN PLACE OF SHRI RAHUL J. PAREKH (DIN: 00500328) WHO RETIRE BY ROTATION AT THIS AGM AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENTOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.16% · promoters 99.97% · institutions 0.00% · other public 3.92%
- TO RE-APPOINT M/S JAIN CHOWDHARY & CO. AS STATUTORY AUDITORS OF THE COMPANY AND FIX THEIR REMUNERATIONOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.16% · promoters 99.97% · institutions 0.00% · other public 3.92%
- TO RATIFY REMUNERATION PAYABLE TO M/S. DALWADI & ASSOCIATES, COST AUDITOR OF THE COMPANYOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.16% · promoters 99.97% · institutions 0.00% · other public 3.92%
- TO APPOINT M/S ROHIT PERIWAL AND ASSOCIATES, PRACTICING COMPANY SECRETARIES, AS SECRETARIAL AUDITOR OF THE COMPANYOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.16% · promoters 99.97% · institutions 0.00% · other public 3.92%
- TO RE-APPOINT MR. NEHAL SHAH (DIN: 00020062) AS A NON-EXECUTIVE INDEPENDENT DIRECTOR OF THE COMPANYSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.16% · promoters 99.97% · institutions 0.00% · other public 3.92%
- TO REVISE THE MANAGERIAL REMUNERATION OF SHRI RAHUL J. PAREKH (DIN: 00500328), MANAGING DIRECTOR OF THE COMPANYSpecial99.67% for0.33% against
Against: promoters 0.00% · institutions 0.00% · other public 16.08%
Turnout: all 66.16% · promoters 99.97% · institutions 0.00% · other public 3.92%
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.
Postal ballot, 20 May 2026, 3 resolutions
5,764 shareholders on the register on 17 Apr 2026; votes counted by Malay Desai / M/s. Malay Desai & Associates.The company's voting result (opens in a new tab)
- Re-appointment of Mr. Balveermal Kewalmal Singhvi (DIN: 05321014) as a Non-Executive Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.78% · promoters 99.97% · institutions 0.00% · other public 2.84%
- Continuation of Directorship of Mr. Balveermal Kewalmal Singhvi (DIN: 05321014) as a NonExecutive Independent Director beyond the age of 75 years in his current tenureSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.78% · promoters 99.97% · institutions 0.00% · other public 2.84%
- Regularisation of Mrs. Renukaben Patel (DIN: 10317345) as Non-Executive Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.78% · promoters 99.97% · institutions 0.00% · other public 2.84%
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 2025, 6 resolutions
5,828 shareholders on the register on 20 Sep 2025; present: 26 promoters and 44 others; votes counted by Malay Desai / MALAY DESAI & ASSOCIATES.The company's voting result (opens in a new tab)
- 1 - TO RECEIVE, CONSIDER AND IF APPROVED, ADOPT THE AUDITED FINANCIAL STATEMENT OF THE COMPANY, FOR THE FINANCIAL YEAR ENDED ON 31ST MARCH, 2025 AND THE REPORTS OF THE BOARD AND AUDITORS THEREON:Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.89% · promoters 99.97% · institutions 0.00% · other public 3.17%
- 2 - TO APPOINT A DIRECTOR IN PLACE OF SHRI JEETMAL BHOORCHAND PAREKH (DIN: 00512415) WHO RETIRE BY ROTATION AT THISAGM AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENTOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.89% · promoters 99.97% · institutions 0.00% · other public 3.17%
- 3 - TO RATIFY REMUNERATION PAYABLE TO M/S. DALWADI & ASSOCIATES, COST AUDITOR OF THE COMPANYOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.89% · promoters 99.97% · institutions 0.00% · other public 3.17%
- 4 - TO RE-APPOINT SECRETARIAL AUDITOROrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.89% · promoters 99.97% · institutions 0.00% · other public 3.17%
- 5 - CONTINUATION OF MR. JEETMAL B. PAREKH (DIN: 00512415) AS NON EXECUTIVE DIRECTOR OF THE COMPANY WHO HAS ATTAINED THE AGE OF 75 YEARS.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.89% · promoters 99.97% · institutions 0.00% · other public 3.17%
- 6 - TO REVISE THE MANAGERIAL REMUNERATION OF SHRI RAHUL J. PAREKH (DIN: 00500328), MANAGING DIRECTOR OF THE COMPANYSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.89% · promoters 99.97% · institutions 0.00% · other public 3.17%
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, 30 Sep 2024, 4 resolutions
Present: 26 promoters and 41 others.The company's voting result (opens in a new tab)
- To receive, consider and if approved, adopt the Audited Financial Statement of the Company, for the Financial Year Ended on 31st March, 2024 and the Reports of the Board and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 66.53% · promoters 99.97% · institutions 0.00% · other public 5.04%
- To appoint a Director in place of Shri Anand J. Parekh (DIN:- 00500384), who retires by rotation at this AGM and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 66.53% · promoters 99.97% · institutions 0.00% · other public 5.04%
- To ratify remuneration payable to M/s. Dalwadi & Associates, Cost Auditor of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 66.53% · promoters 99.97% · institutions 0.00% · other public 5.04%
- To approve Material Related Party Transactions of the Company.OrdinaryPromoters have an interest in it99.86% for0.14% against
Against: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 1.74% · promoters 0.00% · institutions 0.00% · other public 5.04%
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, 30 Nov 2023, 1 resolution
Present: 27 promoters and 120 others.The company's voting result (opens in a new tab)
To approve the Scheme of Arrangements between Mahalaxmi Rubtech Limited (MRT) (CIN:- L25190GJ1991PLC016327) (“Demerged Company”); Mahalaxmi Fabric Mills Private Limited (Formerly known as “Sonnet Colours Pvt Ltd”) (MFMPL) (CIN:- U17100GJ1991PTC015345) (“First Resulting Company”); and Globale Tessile Private Limited (GTPL) (CIN:- U17299GJ2017PTC098506) (“Second Resulting Company”) and their respective Shareholders and Creditors (“Scheme”)MoreLess
SpecialPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 67.75% · promoters 99.97% · institutions 0.00% · other public 8.43%
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, 6 resolutions
Present: 26 promoters and 23 others.The company's voting result (opens in a new tab)
To receive, consider and if approved, adopt the Audited Standalone and Consolidated Financial Statement of the Company for the Financial Year Ended on March 31, 2023 and the Reports of the Board and Auditors thereon:MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.52% · promoters 99.62% · institutions 0.00% · other public 5.57%
- To appoint a Director in place of Shri Rahul J. Parekh (DIN:- 00500328), who retire by rotation at this AGM and being eligible, offers himself for re-appointment:OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.52% · promoters 99.62% · institutions 0.00% · other public 5.57%
- To ratify remuneration Payable to M/s. Dalwadi & Associates, Cost Auditor of the Company:Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.52% · promoters 99.62% · institutions 0.00% · other public 5.57%
- To re-appoint Shri Anand J. Parekh (DIN: 00500384), as Jt. Managing Director of the Company:OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.52% · promoters 99.62% · institutions 0.00% · other public 5.57%
- To revise the Managerial Remuneration of Shri Rahul J. Parekh (DIN:- 00500328), Managing Director of the Company:SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.52% · promoters 99.62% · institutions 0.00% · other public 5.57%
- To revise the Managerial Remuneration of Shri Anand J. Parekh (DIN:- 00500384), Jt. Managing Director of the Company:SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.52% · promoters 99.62% · institutions 0.00% · other public 5.57%
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, 12 Apr 2023, 1 resolution
The company's voting result (opens in a new tab)
- To approve continuation of Directorship of Mr. Balveermal Kewalmal Singhvi (DIN: 05321014) as a Non-Executive Independent Director beyond the age of 75 years in his current tenure.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.77% · promoters 99.97% · 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, 30 Sep 2022, 5 resolutions
Present: 26 promoters and 18 others.The company's voting result (opens in a new tab)
To receive, consider and if approved, adopt the Audited Standalone and Consolidated Financial Statement of the Company for the Financial Year Ended on March 31, 2022 and the Reports of the Board and Auditors thereon:MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 70.30% · promoters 99.97% · institutions 0.00% · other public 10.94%
- To appoint a Director in place of Shree Jeetmal B. Parekh (DIN: 00512415), who retire by rotation at this AGM and being eligible, offers himself for re-appointment:OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 70.30% · promoters 99.97% · institutions 0.00% · other public 10.94%
- To ratify remuneration Payable to Cost Auditor, M/S Dalwadi & Associates:Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 70.30% · promoters 99.97% · institutions 0.00% · other public 10.94%
- To re-appoint Shree Rahul J. Parekh (DIN: 00500328), as Managing Director of the Company:OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 70.30% · promoters 99.97% · institutions 0.00% · other public 10.94%
- To consider the Related Party Transactions:OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 3.64% · promoters 0.00% · institutions 0.00% · other public 10.94%
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
- 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.