MMP Industries logo

MMP Industries MD, chairman, board of directors and AGM

NSE: MMPNon - Ferrous MetalsSmall Cap

Last close ₹437.55down ₹22.85 (4.96%)

Share price at the NSE close on 23 Oct 2026. Previous close ₹460.40.

52-week range of traded prices to 23 Oct 2026
₹185.20Low, 30 Mar 2026₹520.00High, 14 Oct 2026
Market cap
₹1,111 Cr1,731st largest listed
P/E
Earlier quarters restated in the year
P/B
3.2
Dividend yield
0.46%
ROCE
11.5%
Debt to equity
0.53
Volume, NSE
77,65849.6% delivered

MMP Industries 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 directorARUN RAGHUVIRRAJ BHANDARIRelated to the promoter
  • Company Secretary and Compliance OfficerMADHURA SINGH

10 directors5 independent3 executive2 non-executive

  • ARUN RAGHUVIRRAJ BHANDARI · Chairperson and managing directorExecutive · joined Feb 1981 · 1 listed board
  • LALIT BHANDARIExecutive · joined Aug 2008 · 1 listed board
  • MAYANK ARUN BHANDARINon-executive · joined Oct 2021 · reappointed Aug 2022 · 2 listed boards · 1 as independent
  • NARASIMHAM MURTHY TENNETIExecutive · joined Feb 2019 · 1 listed board
  • SANJAY SACHETIIndependent · joined Jun 2022 · reappointed Sep 2022 · 50 months as independent · 1 listed board · 1 as independent
  • ULKA KULKARNIIndependent · joined Nov 2023 · reappointed Nov 2023 · 35 months as independent · 1 listed board · 1 as independent
  • SACHIN NIRGUDKARIndependent · joined Aug 2025 · reappointed Sep 2025 · 13 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • ROHINI BHANDARINon-executive · joined Aug 2025 · reappointed Sep 2025 · 13 months as independent · 1 listed board
  • RAJ SETHIAIndependent · joined Aug 2026 · reappointed Sep 2026 · 2 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • SANJAY ARORAIndependent · joined Aug 2026 · reappointed Sep 2026 · 2 months as independent · 1 listed board · 1 as independent · 1 committee seat

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
  • VIJAY SINGH BAPNA, left 10 Aug 2026: Tenure Completion
  • SUNIL KHANNA, left 10 Aug 2026: Tenure Completion
  • KARAN VARMA, left 8 Aug 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 10 Aug 202610 of 10 present5 independent · 43 days in between
    • 27 Jun 202610 of 10 present5 independent · 34 days in between
    • 23 May 2026

  • Audit Committee

    Chair SANJAY SACHETI

    RAJ SETHIA, ARUN RAGHUVIRRAJ BHANDARI, ULKA KULKARNI

    • 10 Aug 20264 of 4 present3 independent · 78 days in between
    • 23 May 20263 of 4 present3 independent

  • Nomination and remuneration committee

    Chair RAJ SETHIA

    SANJAY SACHETI, SANJAY ARORA

    • 10 Aug 20263 of 3 present3 independent · 78 days in between
    • 23 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair SANJAY SACHETI

    LALIT BHANDARI, SUNIL KHANNA, SACHIN NIRGUDKAR

    • 10 Aug 20264 of 4 present3 independent · 366 days in between
    • 8 Aug 20253 of 4 present2 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.

  • M N JAIN AND COPeer-review certificate valid to Mar 2028
2 earlier auditors
  • Mnaish N JainNamed in the filing for the quarter to Sep 2025
  • Manish N Jain & CoNamed 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.

MMP Industries 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.MMP Industries dividend history

Annual general meeting, 12 Sep 2026

10,773 shareholders on the register on 5 Sep 2026; present: 9 promoters and 31 others; votes counted by CS Vaibhav Jachak / Vibhav Jachak & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statements For FY 2025-26 ended on 31 March, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.66%

    Turnout: all 75.02% · promoters 100.00% · institutions 0.00% · other public 2.11%

  2. To recommend and approve final dividend of Rs. 2/- per equity share for the year ended March 31, 2026,
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.50%

    Turnout: all 75.02% · promoters 100.00% · institutions 0.00% · other public 2.11%

  3. To appoint a Director in place of Mr. Mayank Bhandari, (DIN - 01176865), [Category –Non-Executive], Director, 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 0.66%

    Turnout: all 75.02% · promoters 100.00% · institutions 0.00% · other public 2.11%

  4. Ratification of Remuneration of Cost Auditors of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.66%

    Turnout: all 75.02% · promoters 100.00% · institutions 0.00% · other public 2.11%

  5. Continuation of Appointment of Mr. Arun Bhandari as Managing Director above age of 70 years for his term upto 31st January, 2028.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.73%

    Turnout: all 75.02% · promoters 100.00% · institutions 0.00% · other public 2.11%

  6. Continuation of Appointment of Mr. Lalit Bhandari as Whole Time Director (Executive Director) as Whole-time Director for his term upto 31st March, 2027 and consider and approve his appointment for term of 5 years upto 31st March, 2032MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.66%

    Turnout: all 75.02% · promoters 100.00% · institutions 0.00% · other public 2.11%

  7. To ratify and approve the appointment of M/s Vaibhav Jachak & Associates, Practicing Company Secretaries, as Secretarial Auditors of the Company for a term of five consecutive financial years commencing from FY 2025-26 up to FY 2029-30.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.66%

    Turnout: all 75.02% · promoters 100.00% · institutions 0.00% · other public 2.11%

  8. To appoint Mr. Raj Sethia (DIN - 03203265) [Category –Non- Executive, Independent] as Director for term of 5 years.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.66%

    Turnout: all 75.02% · promoters 100.00% · institutions 0.00% · other public 2.11%

  9. To appoint Dr. Sanjay Arora (DIN - 03203265) [Category –Non- Executive, Independent] as Director for term of 5 years.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.66%

    Turnout: all 75.02% · promoters 100.00% · institutions 0.00% · other public 2.11%

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 Sep 2025, 6 resolutions

10,812 shareholders on the register on 1 Sep 2025; present: 9 promoters and 22 others; votes counted by CS Vaibhav Jachak / Vibhav Jachak & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statements For FY 2024-25 ended on 31 March, 2025
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 48.17%

    Turnout: all 74.52% · promoters 100.00% · institutions 22.97% · other public 0.14%

  2. To appoint a Director in place of Mr. T. N. Murthy who offers to be reappointed.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 48.17%

    Turnout: all 74.52% · promoters 100.00% · institutions 22.97% · other public 0.14%

  3. Declaration of Dividend for FY 2024-25
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 48.17%

    Turnout: all 74.52% · promoters 100.00% · institutions 22.97% · other public 0.14%

  4. Ratification of Remuneration payable to Cost Auditor for FY 2025-26
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 48.17%

    Turnout: all 74.52% · promoters 100.00% · institutions 22.97% · other public 0.14%

  5. Appointment of Mr. Sachin Nirgudkar as Independent Director for term of 5 years.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 48.17%

    Turnout: all 74.52% · promoters 100.00% · institutions 22.97% · other public 0.14%

  6. Appointment of Ms. Rohini Bhandari as Non Executive Director liable to retire by rotation.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 48.17%

    Turnout: all 74.52% · promoters 100.00% · institutions 22.97% · other public 0.14%

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, 28 Aug 2024, 4 resolutions

Present: 8 promoters and 29 others.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statements For FY 2023-24 ended on 31 March, 2024.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.53%

    Turnout: all 75.70% · promoters 100.00% · institutions 99.17% · other public 1.87%

  2. To declare a final dividend of Rs. 1.5/- per equity share for the year ended March 31, 2024.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.53%

    Turnout: all 75.70% · promoters 100.00% · institutions 99.17% · other public 1.87%

  3. To appoint a Director in place of Mr. Lalit Bhandari, (DIN - 00010934)
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.61%

    Turnout: all 75.70% · promoters 100.00% · institutions 99.17% · other public 1.87%

  4. Ratification of Remuneration of Cost Auditors of the Company
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.53%

    Turnout: all 75.70% · promoters 100.00% · institutions 99.17% · other public 1.87%

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, 21 Mar 2024, 4 resolutions
  1. Alteration of Memorandum of Association
    Special
    100.00% for0.00% against
  2. Appointment of Mr. T N Murthy as Whole-time Director
    Special
    100.00% for0.00% against
  3. Appointment of Ms. Ulka kulkarni
    Special
    99.99% for0.01% against
  4. Alteration of Articles of Association
    Special
    55.03% for44.97% against

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 Aug 2023, 6 resolutions

Present: 9 promoters and 11 others.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statements For FY 2022-23 ended on 31 March, 2023.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.62%

    Turnout: all 74.51% · promoters 100.00% · institutions 0.00% · other public 0.14%

  2. To appoint a Director in place of Mr. Mayank Bhandari
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.69%

    Turnout: all 74.51% · promoters 100.00% · institutions 0.00% · other public 0.14%

  3. Dividend Declaration
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.69%

    Turnout: all 74.51% · promoters 100.00% · institutions 0.00% · other public 0.14%

  4. To Approve Continuation Of Mr. Vijay Singh Bapna
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.69%

    Turnout: all 74.51% · promoters 100.00% · institutions 0.00% · other public 0.14%

  5. To Approve Continuation Of Mr. Karan Varma
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.69%

    Turnout: all 74.51% · promoters 100.00% · institutions 0.00% · other public 0.14%

  6. Ratification of Remuneration of Cost Auditors of the Company
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.69%

    Turnout: all 74.51% · promoters 100.00% · institutions 0.00% · other public 0.14%

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, 29 Aug 2022, 10 resolutions

Present: 9 promoters and 30 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (Standalone & Consolidated) of the Company for the year 2021-22 ended 31st March 2022, comprising of the Balance Sheet as at 31st March 2022, Statement of Profit & Loss and Statement of Cash Flow for the year 2021-22 ended 31st March 2022, together with the Report of the Statutory Auditors and Board¿s Report thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.57% · promoters 100.00% · institutions 100.00% · other public 0.25%

  2. To declare a final dividend of Rs. 1/- per equity share for the year ended March 31, 2022
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.57% · promoters 100.00% · institutions 100.00% · other public 0.25%

  3. To appoint a Director in place of Mr. Narasimham Murthy Tenneti, (DIN - 08342116), [Category ¿ Non-Promoter & Executive], who retires by rotation and, being eligible, offers himself for re-appointment
    Ordinary
    90.26% for9.74% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 82.57% · promoters 100.00% · institutions 100.00% · other public 0.25%

  4. Re-appointment of Statutory Auditors
    Ordinary
    90.26% for9.74% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 82.57% · promoters 100.00% · institutions 100.00% · other public 0.25%

  5. Re-appointment of Mr. Arun Raghuvirraj Bhandari (DIN ¿ 00008901), (Category ¿ Promoter & Executive), as the Managing Director, designated Key Managerial Personnel, of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 82.57% · promoters 100.00% · institutions 100.00% · other public 0.25%

  6. Re-appointment of Mr. Lalit Bhandari as Whole-time Director, designated Key Managerial Personnel, of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 82.57% · promoters 100.00% · institutions 100.00% · other public 0.25%

  7. Appointment of Mr. Mayank Arun Bhandari as a Director of the Company.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 82.57% · promoters 100.00% · institutions 100.00% · other public 0.25%

  8. Appointment of Mr. Sanjay Sacheti as a director and as an Independent Director.
    Special
    100.00% for0.00% against

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

    Turnout: all 82.57% · promoters 100.00% · institutions 100.00% · other public 0.25%

  9. Re‐appointment of Mrs. Sudha Sukesh Gandhi as an Independent Director of the Company.
    Special
    90.26% for9.74% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 82.57% · promoters 100.00% · institutions 100.00% · other public 0.25%

  10. Ratification of Remuneration of Cost Auditors of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.57% · promoters 100.00% · institutions 100.00% · other public 0.25%

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, 15 Sep 2021, 6 resolutions

Present: 9 promoters and 21 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (Standalone & Consolidated) of the Company for the year 2020-21 ended 31st March 2021, comprising of the Balance Sheet as at 31st March 2021, Statement of Profit & Loss and Statement of Cash Flow for the year 2020-21 ended 31st March 2021, together with the Report of the Statutory Auditors and Board¿s Report thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  2. To declare a final dividend of Rs. 1/- per equity share for the year ended March 31, 2021
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  3. To appoint a Director in place of Mr. Lalit Ranjeet Raj Bhandari, (DIN - 00010934), [Category - Promoter & Executive], 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 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  4. Appointment of Vijay Singh Bapna (DIN - 02599024), as a Director, [Category - Non- Executive, Independent], of the Company
    Special
    89.51% for10.49% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  5. Appointment of Mr. Sunil Khanna (DIN - 00907147), as a Director, [Category - Non- Executive, Independent], of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  6. Ratification of Remuneration of Cost Auditors of the Company 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 100.00% · promoters 100.00% · institutions 100.00% · 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, 12 Aug 2020, 5 resolutions

Present: 8 promoters and 17 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements (Standalone & Consolidated) of the Company for the year 2019-20 ended 31st March 2020, comprising of the Balance Sheet as at 31st March 2020, Statement of Profit & Loss and Statement of Cash Flow for the year 2019-20 ended 31st March 2020, together with the Report of the Statutory Auditors and Board¿s Report thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  2. Appointment of a Director in place of Mr. Tenneti Narasimham Murthy, (DIN - 08342116), [Category ¿ Non-Promoter & Executive], who retires by rotation and, being eligible, offers himself for re-appointmentMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  3. Appointment of Mr. Ajay Sadashiv Gokhale, [DIN ¿ 00550452], as a Director, [Category - Non- Executive, Independent], of the Company for a second fixed term of three (3) consecutive years
    Special
    100.00% for0.00% against

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

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  4. Appointment of Mr. Karan Varma, [DIN ¿ 06923525], as a Director, [Category - Non- Executive, Independent], of the Company for a second fixed term of four (4) consecutive years
    Special
    100.00% for0.00% against

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

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  5. Ratification for Payment of Remuneration to Messers Khanuja Patra & Associates, Cost Accountants, Nagpur, [Firm Registration No. 00214], as the Cost Auditors, to audit the cost records of the Company, for the financial year 2020-21 ending 31 March 2021MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · 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.

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.