Modern Insulators MD, chairman, board of directors and AGM
BSE: 515008Electrical EquipmentSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹448.55.
- Under BSE's long-term additional surveillance, stage IV, on the list for 22 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- 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.
- ₹2,009 Cr1,301st 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 10 Aug 2026
- 21.3
- 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
- 3.7
- 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 10 Aug 2026
- 18.7%
- 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 10 Aug 2026
- 17.0%
- 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, BSEVolume. Shares traded on the last trading day.
- 35,832
Modern Insulators board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorSACHIN RANKA
- Managing directorSHREYANS RANKA
- Company Secretary and Compliance OfficerHARSHITA HETAWAL
8 directors4 independent4 executive
- SACHIN RANKA · Chairperson and managing directorExecutive · joined Nov 1992 · reappointed Apr 2022 · 2 listed boards
- SHREYANS RANKA · Managing directorExecutive · joined Apr 2018 · reappointed Jan 2026 · 1 listed board
- ANIMESH BANERJEEExecutive · joined Mar 2025 · 1 listed board · 2 committee seats
- P. SRIDHARANExecutive · joined Mar 2025 · 1 listed board
- SURESHKUMAR SHARMAIndependent · joined Aug 2023 · reappointed Sep 2023 · 34 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- GANPATHY VISHWANATHAN KALPATHYIndependent · joined Aug 2024 · 23 months as independent · 2 listed boards · 2 as independent · 2 committee seats
- MEENU SACHETIIndependent · joined Mar 2015 · reappointed Jan 2022 · 114 months as independent · 2 listed boards · 2 as independent
- RAHUL SINGHVIIndependent · joined Aug 2020 · reappointed Aug 2025 · 71 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 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
- P.K. GOKHOROO, left 22 Feb 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 26 Jun 20268 of 8 present4 independent · 27 days in between
- 29 May 20268 of 8 present4 independent · 107 days in between
- 10 Feb 20268 of 8 present4 independent · 5 days in between
- 4 Feb 20265 of 8 present1 independent · 26 days in between
1 earlier meeting
- 8 Jan 20266 of 8 present2 independent
Audit Committee
Chair SURESHKUMAR SHARMA
RAHUL SINGHVI, ANIMESH BANERJEE
- 29 May 20263 of 3 present2 independent · 107 days in between
- 10 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair SURESHKUMAR SHARMA
RAHUL SINGHVI, MEENU SACHETI
- 8 Jan 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair SURESHKUMAR SHARMA
RAHUL SINGHVI, ANIMESH BANERJEE
- 29 May 20263 of 3 present2 independent · 107 days in between
- 10 Feb 20263 of 3 present2 independent · 32 days in between
Corporate Social Responsibility Committee
Chair SACHIN RANKA
ANIMESH BANERJEE, SURESHKUMAR SHARMA
- 29 May 20263 of 3 present1 independent · 107 days in between
- 10 Feb 20263 of 3 present1 independent
Independent Director's Committee Meeting
- 10 Feb 20262 of 3 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.
- R B VERMA & ASSOCIATESPeer-review certificate valid to Nov 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 Insulators 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 Insulators share news and announcements
Annual general meeting, 30 Sep 2026
1,42,149 shareholders on the register on 23 Sep 2026; present: 3 promoters and 32 others; votes counted by Ms. Anshika Gupta / M/s. Anshika & Associates.The company's voting result (opens in a new tab)
Adoption of the Audited Standalone & Consolidated Financial Statements of the company for the financial year ended 31st March, 2026 together with the report ofthe Board of Directors and Auditors thereon.MoreLess
Ordinary99.72% for0.28% againstAgainst: promoters 0.00% · institutions 0.00% · other public 23.28%
Turnout: all 60.91% · promoters 100.00% · institutions 0.00% · other public 1.91%
- Appointment of Director in place of Shri Animesh Banerjee (DIN: 07905214),who retires by rotation and, being eligible, offers himself for reappointment.Ordinary99.72% for0.28% against
Against: promoters 0.00% · institutions 0.00% · other public 23.29%
Turnout: all 60.91% · promoters 100.00% · institutions 0.00% · other public 1.91%
- Revision in Remuneration Structure of Shri Animesh Banerjee (DIN:07905214), Executive Director of the Company.Ordinary99.21% for0.79% against
Against: promoters 0.00% · institutions 0.00% · other public 65.48%
Turnout: all 60.91% · promoters 100.00% · institutions 0.00% · other public 1.91%
- Ratification of the remuneration of Cost Auditors for the Financial Year 2026-27.Ordinary99.72% for0.28% against
Against: promoters 0.00% · institutions 0.00% · other public 23.29%
Turnout: all 60.91% · promoters 100.00% · institutions 0.00% · other public 1.91%
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.