Modern Dairies MD, chairman, board of directors and AGM
BSE: 519287Food ProductsSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹42.94.
- 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.
- ₹130 Cr2,947th 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 19 Oct 2026
- 22.0
- 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 Oct 2026
- 1.8
- 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 19 Oct 2026
- 10.1%
- 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 19 Oct 2026
- 9.9%
- 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 Sep 2026. The filing of 19 Oct 2026
- 0.17
- Volume, BSEVolume. Shares traded on the last trading day.
- 21,738
Modern Dairies 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 directorKRISHAN KUMAR GOYAL
- Company Secretary and Compliance OfficerShruti Joshi
5 directors3 independent2 executive
- KRISHAN KUMAR GOYAL · Chairperson and managing directorExecutive · joined Jul 2002 · reappointed Apr 2025 · 2 listed boards
- ASHWANI KUMAR AGGARWALExecutive · joined Nov 2009 · reappointed Sep 2026 · 1 listed board · 2 committee seats
- SANJAY KAUSHIKIndependent · joined Sep 2022 · reappointed Jun 2025 · 48 months as independent · 1 listed board · 1 as independent · 2 committee seats
- SURINDER KUMARIndependent · joined Apr 2025 · 18 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair
- MEENA SHARMAIndependent · joined Sep 2022 · reappointed Sep 2024 · 48 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 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
- AJAY KUMAR SHARMA, left 2 Jan 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 11 Aug 20265 of 5 present3 independent · 80 days in between
- 22 May 20265 of 5 present3 independent
Audit Committee
Chair SURINDER KUMAR
SANJAY KAUSHIK, MEENA SHARMA, ASHWANI KUMAR AGGARWAL
- 11 Aug 20264 of 4 present3 independent · 80 days in between
- 22 May 20264 of 4 present3 independent
Nomination and remuneration committee
Chair SURINDER KUMAR
MEENA SHARMA, SANJAY KAUSHIK
- 11 Aug 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair MEENA SHARMA
SURINDER KUMAR, ASHWANI KUMAR AGGARWAL, SANJAY KAUSHIK
- 11 Aug 20264 of 4 present3 independent · 80 days in between
- 22 May 20264 of 4 present3 independent
Corporate Social Responsibility Committee
Chair KRISHAN KUMAR GOYAL
ASHWANI KUMAR AGGARWAL, SANJAY KAUSHIK
No meeting listed in the filing.
Allotment Committee
Chair ASHWANI KUMAR AGGARWAL
SANJAY KAUSHIK, MEENA SHARMA, SURINDER KUMAR
- 10 Sep 20264 of 4 present3 independent · 15 days in between
- 25 Aug 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.
- A P T & CO LLPPeer-review certificate valid to Apr 2027
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.
Modern Dairies 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.Modern Dairies share news and announcements
Annual general meeting, 26 Sep 2026
16,800 shareholders on the register on 19 Sep 2026; present: 8 promoters and 60 others; votes counted by RAJEEV KUMAR SANGER / SANGER & ASSOCIATES.The company's voting result (opens in a new tab)
- To consider and adopt the audited financial statements of the Company for the financial year ended 31st March, 2026, together with the reports of the Directors' and Auditors' thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 60.66% · promoters 94.39% · institutions 0.00% · other public 18.71%
- To appoint a Director in place of Mr. Ashwani Kumar Aggarwal (DIN: 00486430), who retires by rotation at this Annual General Meeting and being eligible has offered himself for reappointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 60.66% · promoters 94.39% · institutions 0.00% · other public 18.71%
To appoint Statutory To appoint Statutory Auditors and fix their remuneration and in this regard to consider and if thought fit, to pass, with or without modification(s), the following resolution as an Ordinary ResolutionMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 60.66% · promoters 94.39% · institutions 0.00% · other public 18.71%
- To ratify the remuneration of the Cost Audtors for the financial year ending 31st March, 2027Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 60.66% · promoters 94.39% · institutions 0.00% · other public 18.71%
- To approve the material related party transactions with Nabha Commerce Private LimitedOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 60.66% · promoters 94.39% · institutions 0.00% · other public 18.71%
- To re-appoint Mr. Ashwani Kumar Aggarwal (DIN: 00486430) Executive Director (Whole Time Director) of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 60.66% · promoters 94.39% · institutions 0.00% · other public 18.71%
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
- No
- 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.
How money raised was used
Reported for the quarter to Sep 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesMar 2025 | 10.75 | Requirement of Long Term Funds to strengthen Capital base and utilisation for the Operations of the Company | 43.00 | 10.75 | No |
| OthersMar 2025 | 8.63 | Requirement of Long Term Funds to strengthen Capital base and utilisation for the Operations of the Company | 8.63 | 8.63 | No |
| OthersFeb 2026 | 10.50 | Requirement of Long Term Funds to strengthen Capital base and utilisation for the Operations of the Company | 10.50 | 10.50 | No |
| OthersSep 2026 | 13.13 | Requirement of Long Term Funds to strengthen Capital base and utilisation for the Operations of the Company | 13.13 | 7.34 | No |