Mohit Industries logo

Mohit Industries MD, chairman, board of directors and AGM

NSE: MOHITINDBSE: 531453Textiles & ApparelsSmall Cap

Last close ₹19.27down ₹2.15 (10.04%)BSE ₹18.53

Share price at the NSE close on 23 Oct 2026. Previous close ₹21.42.

52-week range of traded prices to 23 Oct 2026
₹18.60Low, 30 Mar 2026₹34.80High, 10 Nov 2025
Market cap
₹27 Cr3,734th largest listed
P/E
Lossover the last 12 months
P/B
0.3
Dividend yield
Nonein the last 12 months
ROE
−0.5%
ROCE
0.1%
Debt to equity
0.60
Volume, NSE
8,73971.6% delivered

Mohit Industries 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 directorNARAYAN SITARAM SABOO

6 directors3 independent1 executive2 non-executive

  • NARAYAN SITARAM SABOO · Chairperson and managing directorExecutive · joined Oct 2015 · reappointed Sep 2025 · 3 listed boards · 2 committee seats
  • NARESH SITARAM SABOONon-executive · joined Mar 1998 · reappointed Nov 2024 · 3 listed boards · 2 committee seats
  • MOHIT NARAYAN SABOONon-executive · joined Mar 2025 · 2 listed boards
  • DISHANT KAUSHIKBHAI JARIWALAIndependent · joined Nov 2024 · reappointed Nov 2024 · 21 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair
  • SAMIKSHA RAJESH NANDWANIIndependent · joined Nov 2024 · reappointed Nov 2024 · 21 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 2 as chair
  • ANSHULA SACHINKUMAR JAINIndependent · joined Mar 2025 · reappointed Mar 2025 · 16 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.

4 directors who left
  • MANISH NARAYAN SABOO, left 7 Nov 2024: Others
  • JAYESH RASIKLAL GANDHI, left 1 Oct 2024: Tenure Completion
  • SACHINKUMAR PRAMOD JAIN, left 1 Oct 2024: Tenure Completion
  • PRAGYA RAHUL MEMANI, left 1 Oct 2024: Tenure Completion

Committees and meetings

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

  • Board

    • 29 May 20266 of 6 present3 independent · 104 days in between
    • 13 Feb 20266 of 6 present3 independent
  • Audit Committee

    Chair SAMIKSHA RAJESH NANDWANI

    DISHANT KAUSHIKBHAI JARIWALA, NARAYAN SITARAM SABOO

    • 29 May 20263 of 3 present2 independent · 104 days in between
    • 13 Feb 20263 of 3 present2 independent
  • Nomination and remuneration committee

    Chair DISHANT KAUSHIKBHAI JARIWALA

    SAMIKSHA RAJESH NANDWANI, NARESH SITARAM SABOO

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair SAMIKSHA RAJESH NANDWANI

    DISHANT KAUSHIKBHAI JARIWALA, NARAYAN SITARAM SABOO

    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 Mar 2026.

  • Rajendra Sharma & AssociatesPeer-review certificate valid to Jun 2026

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.

Mohit 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.Mohit Industries dividend history

Annual general meeting, 30 Sep 2026

10,425 shareholders on the register on 23 Sep 2026; present: 10 promoters and 31 others; votes counted by PINAL KANDARP SHUKLA / DHIRREN R. DAVE & CO.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited (Standalone and Consolidated) Financial Statements of the Company for the financial year ended 31st March 2026, including the Audited Balance Sheet as at 31st March, 2026, the Statement of Profit & loss and Cash Flow Statement for the year ended as on that date and the Report of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.52%

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

  2. To appoint a Director in place of Mr. Naresh Sitaram Saboo (DIN: 00223350), who retires by rotation terms of section 152(6) of the Companies Act, 2013 and being eligible, offers himself for reappointmentMoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.54%

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

  3. To Approve the remuneration of the Cost Auditor of the Company for the financial year 2026-27
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.52%

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

  4. Material Related Party Transaction(s) with (a) Mr. Narayan Sitaram Saboo (b) Mr. Manish Narayan Saboo (c) Mr. Mohit Narayan Saboo and (d) Mr. Naresh Sitaram Saboo for the financial year 2026-27
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.52%

    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, 29 Sep 2025, 6 resolutions

10,920 shareholders on the register on 22 Sep 2025; present: 13 promoters and 23 others; votes counted by DHIRREN R DAVE & CO / PINAL SHUKLA.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone and consolidated financial statements of the company for the financial year ended March 31, 2025, together with the reports of the board of director’s and the Auditor’s thereon.MoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.61%

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

  2. To appoint a director in place of Mr. Narayan Saboo, Director (DIN: 00223324), liable to retire by rotation in terms of section 152(6) of the Companies Act, 2013 and being eligible, seeks re-appointment.MoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.61%

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

  3. Ratification of remuneration of the Cost Auditor for the financial year 2025-26
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.61%

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

  4. To consider and approve appointment of M/S. Dhirren R. Dave & Co., Company Secretaries, as Secretarial Auditors of the company
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.61%

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

  5. To Consider and approve the Material Related Party Transaction(s) for the financial year 2025-26 with (a) Mr. Narayan Sitaram Saboo (b) Mr. Manish Narayan Saboo and (c) Mr. Mohit Narayan Saboo
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.64%

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

  6. To consider and approve re-appointment of Mr. Narayan Sitaram Saboo (DIN:00223324) as Managing Director of the Company
    SpecialPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.61%

    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 Jun 2025, 2 resolutions

11,509 shareholders on the register on 9 May 2025; votes counted by DHIRREN R DAVE & CO / PINAL SHUKLA.The company's voting result (opens in a new tab)

  1. Appointment of Mrs. Anshula Sachinkumar Jain (DIN:10910473) as Non-Executive Independent Director of the Company
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.59%

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

  2. Appointment of Mr. Mohit Narayan Saboo (DIN:02357431) as Non-executive Non-Independent Director of the Company
    OrdinaryPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.86%

    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, 1 Feb 2025, 2 resolutions

11,430 shareholders on the register on 27 Dec 2024; votes counted by DHIRREN R DAVE & CO. / PINAL SHUKLA.The company's voting result (opens in a new tab)

  1. Appointment of Mrs. Samiksha Rajesh Nandwani (DIN: 08815491) as Non-Executive Independent Director of the Company
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.25%

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

  2. Appointment of Mr. Dishant Kaushikbhai Jariwala (DIN: 07482806) as Non-Executive Independent Director of the Company
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.25%

    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, 30 Sep 2024, 3 resolutions

Present: 12 promoters and 21 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone and consolidated financial statements of the company for the financial year ended March 31, 2024, together with the reports of the board of director’s and the Auditor’s thereon.MoreLess
    Ordinary
    100.00% 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%

  2. To appoint a director in place of Mr. Manish Narayan Saboo, Director (DIN: 01576187), liable to retire by rotation in terms of section 152(6) of the Companies Act, 2013 and being eligible, seeks re-appointment.MoreLess
    Ordinary
    100.00% 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%

  3. Ratification of Remuneration of Cost Auditor for the financial year 2024-25
    Ordinary
    100.00% 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.

Annual general meeting, 28 Aug 2023, 5 resolutions

Present: 12 promoters and 21 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2023 together with the Reports of the Board of Director’s and the Auditor’s thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 59.33% · promoters 99.61% · institutions 0.00% · other public 11.42%

  2. To appoint a Director in place of Mr. Naresh Sitaram Saboo, Director (DIN: 00223350), liable to retire by rotation in terms of section 152(6) of the Companies Act, 2013 and being eligible, seeks re-appointment.MoreLess
    OrdinaryPromoters have an interest in it
    99.72% for0.28% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.71%

    Turnout: all 51.26% · promoters 84.76% · institutions 0.00% · other public 11.42%

  3. Ratification of remuneration of the Cost Auditor for the Financial Year 2023-24.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 59.32% · promoters 99.61% · institutions 0.00% · other public 11.42%

  4. To provide authority under Section 186 of Companies Act, 2013.
    Special
    100.00% for0.00% against

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

    Turnout: all 59.32% · promoters 99.61% · institutions 0.00% · other public 11.42%

  5. To provide authority under Section 185 of Companies Act, 2013.
    Special
    100.00% for0.00% against

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

    Turnout: all 59.32% · promoters 99.61% · institutions 0.00% · other public 11.42%

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, 4 resolutions

Present: 12 promoters and 22 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2022, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 60.00% · promoters 99.61% · institutions 0.00% · other public 12.89%

  2. To appoint a Director in place of Mr. Manish Narayan Saboo, Director (DIN: 01576187), liable to retire by rotation in terms of section 152(6) of the Companies Act, 2013 and being eligible, seeks re-appointmentMoreLess
    OrdinaryPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 5.89% · promoters 0.00% · institutions 0.00% · other public 12.89%

  3. Re-appointment of M/s. Rajendra Sharma & Associates., Chartered Accountants as a statutory auditors of the company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 60.00% · promoters 99.61% · institutions 0.00% · other public 12.89%

  4. To ratify remuneration of the Cost Auditor(s) for the Financial year ending 31st March, 2023.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 60.00% · promoters 99.61% · institutions 0.00% · other public 12.89%

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 2021, 3 resolutions

Present: 14 promoters and 19 others.The company's voting result (opens in a new tab)

  1. Ordinary Resolution for adoption of Audited Standalone and consolidated Financial Statements of the Company for the financial year ended 31st March, 2021 together withnthe Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 62.71% · promoters 100.00% · institutions 0.00% · other public 18.37%

  2. Ordinary Resolution for appointment of Director in place of Mr. Naresh Saboo(holding DIN No.00223350), who retires by rotation in terms of Section 152(6) of CompaniesnAct, 2013 and being eligible offers himself for reappointment.MoreLess
    OrdinaryPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.35%

    Turnout: all 62.70% · promoters 100.00% · institutions 0.00% · other public 18.34%

  3. Ordinary Resolution for ratification of remuneration of the Cost Auditor(s) for the financial year ending 31stMarch, 2022
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.35%

    Turnout: all 62.70% · promoters 100.00% · institutions 0.00% · other public 18.34%

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.