Mindteck (India) MD, chairman, board of directors and AGM
NSE: MINDTECKBSE: 517344IT - SoftwareSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹133.37.
- Next results date: the board meets on 4 Nov 2026 to consider: financial results and other business matters.
- 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.
- ₹409 Cr1,723rd 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 12 Aug 2026
- 13.1
- 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 −₹3.39 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 11.8
- 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 19 May 2026
- 1.3
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.78%
- 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 12 Aug 2026
- 11.0%
- 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 −₹3.39 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 12.3%
- 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 12 Aug 2026
- 10.5%
- 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 19 May 2026
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 31,69945.4% delivered
Mindteck (India) 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
- ChairpersonJaved Gaya
- Company Secretary and Compliance OfficerSATHYA RAJA G
7 directors5 independent2 non-executive
- Javed Gaya · ChairpersonNon-executive · joined Dec 2025 · 1 listed board · 1 committee seat
- Meenaz DhananiNon-executive · joined Oct 2013 · 1 listed board · 1 committee seat
- Satish MenonIndependent · joined May 2018 · reappointed May 2023 · 100 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- Subhash Bhushan DharIndependent · joined May 2018 · reappointed May 2023 · 100 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Keyuri SinghIndependent · joined Oct 2021 · reappointed Aug 2024 · 25 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Preeti MohanIndependent · joined May 2026 · reappointed May 2026 · 4 months as independent · 1 listed board · 1 as independent
- Madhuranath R KonetyIndependent · joined May 2026 · reappointed May 2026 · 4 months as independent · 1 listed board · 1 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.
2 directors who left
- Guhan Subramaniam, left 19 May 2026: Tenure Completion
- Anand Balakrishnan, left 26 May 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 12 Aug 20267 of 7 present5 independent · 84 days in between
- 19 May 20268 of 8 present6 independent
Audit Committee
Chair Satish Menon
Keyuri Singh, Subhash Bhushan Dhar, Javed Gaya
- 12 Aug 20264 of 4 present3 independent · 84 days in between
- 19 May 20265 of 5 present4 independent
Nomination and remuneration committee
Chair Keyuri Singh
Subhash Bhushan Dhar, Satish Menon, Javed Gaya
- 12 Aug 20264 of 4 present3 independent · 84 days in between
- 19 May 20265 of 5 present4 independent
Stakeholders Relationship Committee
Chair Satish Menon
Subhash Bhushan Dhar, Meenaz Dhanani
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair Subhash Bhushan Dhar
Keyuri Singh, Satish Menon
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.
- Suresh Surana & Associates LLPPeer-review certificate valid to Mar 2028
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.
Mindteck (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.Mindteck (India) dividend history
Annual general meeting, 13 Aug 2026
32,839 shareholders on the register on 6 Aug 2026; present: 1 promoter and 43 others; votes counted by GOPALAKRISHNARAJ H H / GOPALAKRISHNARAJ H H & ASSOCIATES.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements, including the Consolidated Financial Statements of the Company, for the financial year ended March 31, 2026, together with the Board’s Report and Auditor’s Report thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- To declare dividend of Re. 1/- per Equity Share for the financial year ended March 31, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- To appoint a director in place of Mr. Meenaz Dhanani (DIN: 06705048), who retires by Rotation and being eligible, offers himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Approval for payment of profit related commission to Non- Executive Directors including Independent Directors of the Company for the FY 2025-26Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
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, 13 Jul 2026, 2 resolutions
33,132 shareholders on the register on 5 Jun 2026; votes counted by GOPALAKRISHNARAJ H H / GOPALAKRISHNARAJ H H & ASSOCIATES.The company's voting result (opens in a new tab)
- Appointment of Ms. Preeti Mohan (DIN: 07822681), as an Independent Director of the Company for a term of five (5) years effective from May 13, 2026 to May 12, 2031Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Appointment of Mr. Madhuranath R Konety (DIN: 02161694), as an Independent Director of the Company for a term of five (5) years effective from May 13, 2026 to May 12, 2031Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
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, 17 Mar 2026, 1 resolution
33,162 shareholders on the register on 6 Feb 2026; votes counted by GOPALAKRISHNARAJ H H / GOPALAKRISHNARAJ H H & ASSOCIATES.The company's voting result (opens in a new tab)
To consider and, if thought fit, to approve the Related Party Transaction pertaining to the appointment of Mr. Karim Dhanani as Chief Executive Officer (CEO) of Mindteck, Inc., a wholly owned subsidiary of the CompanyMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
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 Mar 2026, 1 resolution
32,950 shareholders on the register on 23 Jan 2026; votes counted by GOPALAKRISHNARAJ H H / GOPALAKRISHNARAJ H H & ASSOCIATES.The company's voting result (opens in a new tab)
- Appointment of Mr. Javed Gaya (DIN: 01481518) as a Non-Executive Director of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
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, 19 Sep 2025, 1 resolution
32,781 shareholders on the register on 15 Aug 2025; votes counted by GOPALAKRISHNARAJ H H / GOPALAKRISHNARAJ H H & ASSOCIATES.The company's voting result (opens in a new tab)
- Appointment and Payment of Remuneration to Mr. Yusuf Lanewala (DIN: 01770426), as Chairman and Managing Director of the CompanySpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.10%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
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, 8 Aug 2025, 5 resolutions
32,830 shareholders on the register on 1 Aug 2025; present: 1 promoter and 45 others; votes counted by GOPALAKRISHNARAJ H H / GOPALAKRISHNARAJ H H & ASSOCIATES.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements, including the Consolidated Financial Statements of the Company, for the financial year ended March 31, 2025, together with the Board’s Report and Auditor’s Report thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- To declare dividend of Re. 1/- per Equity Share for the financial year ended March 31, 2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- To appoint a director in place of Mr. Meenaz Dhanani (DIN: 06705048), who retires by Rotation and being eligible, offers himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Appointment of Secretarial Auditor for a term of Five (5) years commencing from FY 2025-26Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Approval for payment of profit related commission to Non- Executive Directors including Independent Directors of the Company for the FY 2024-25Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
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, 8 Sep 2024, 2 resolutions
The company's voting result (opens in a new tab)
- Increase in Authorised Share Capital and consequent alteration of Capital Clause of the Memorandum of Association (MOA) of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Approval for Issue of Bonus Shares to the Equity Shareholders of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
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, 9 Aug 2024, 5 resolutions
Present: 1 promoter and 51 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements, including the Consolidated Financial Statements of the Company, for the financial year ended March 31, 2024, together with the Board’s Report and Auditor’s Report thereon.nMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- To declare dividend of Re. 1/- per Equity Share for the financial year ended March 31, 2024Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- To appoint a director in place of Mr. Yusuf Lanewala (DIN: 01770426), who retires by Rotation and being eligible, offers himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Approval for payment of profit related commission to Non- Executive Directors including Independent Directors of the Company for the FY 2023-24Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Approval for the Appointment of Ms. Keyuri Singh as an Independent Director of the Company for a period of 5 YearsSpecial99.81% for0.19% against
Against: promoters 0.00% · institutions 0.00% · other public 1.55%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
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.
Tax disputes
Reported in the filing for the quarter to Sep 2026.
- Tax disputeDeputy Commissioner of Income TaxSince 3 Jun 2021
Tax Department has filed an appeal before the Karnataka High Court against the ITAT order and the same has been admitted. The Company believes that its position will be upheld by High Court of Karnataka and does not expect any tax outflowMoreLess
- Tax disputeAdditional / Joint / Deputy / Assistant Commissioner of Income Tax/Income tax OfficerSince 3 Jan 2022
The Company has filed an appeal before High Court of Karnataka and the same has been admitted. The Company believes that its position will be upheld by High Court of Karnataka and does not expect any tax outflowMoreLess
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
- 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
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.