Navkar Corporation logo

Navkar Corporation MD, chairman, board of directors and AGM

NSE: NAVKARCORPBSE: 539332Transport ServicesSmall Cap

Last close ₹77.87down ₹6.50 (7.70%)BSE ₹77.75

Share price at the NSE close on 23 Oct 2026. Previous close ₹84.37.

52-week range of traded prices to 23 Oct 2026
₹74.05Low, 30 Mar 2026₹126.72High, 24 Oct 2025
Market cap
₹1,172 Cr1,295th largest listed
P/E
29.3
P/B
0.6
Dividend yield
Nonein the last 12 months
ROE
2.1%
ROCE
3.4%
Debt to equity
0.09
Volume, NSE
26,40,99024.3% delivered

Navkar Corporation 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

  • ChairpersonRinkesh RoyRelated to the promoter
  • Company Secretary and Compliance OfficerDeepa Gehani

8 directors4 independent1 executive3 non-executive

  • Rinkesh Roy · ChairpersonNon-executive · joined Oct 2024 · 2 listed boards · 1 committee seat
  • Lalit SinghviNon-executive · joined Oct 2024 · 2 listed boards · 4 committee seats
  • Manish GuptaNon-executive · joined Oct 2024 · 1 listed board · 1 committee seat
  • Pooja Hemant GoyalIndependent · joined Dec 2017 · reappointed Dec 2022 · 102 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Amit GargExecutive · joined Nov 2024 · 1 listed board
  • Ashok Kumar ThakurIndependent · joined Jan 2017 · reappointed Jan 2022 · 113 months as independent · 4 listed boards · 4 as independent · 5 committee seats, 4 as chair
  • Sandeep Kumar SinghIndependent · joined Aug 2018 · reappointed Aug 2023 · 94 months as independent · 2 listed boards · 2 as independent · 1 committee seat
  • Atul KumarIndependent · joined May 2023 · reappointed Aug 2023 · 37 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.

5 directors who left
  • Karun Kant Dave, left 5 Nov 2024: Others
  • Shantilal Jayavantraj Mehta, left 11 Oct 2024: Others
  • Nemichand Jayavantraj Mehta, left 11 Oct 2024: Others
  • Jayesh Nemichand Mehta, left 11 Oct 2024: Others
  • Dinesh Mohanlal Jain, left 11 Oct 2024: Others

Committees and meetings

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

  • Board

    • 20 Apr 20268 of 8 present4 independent · 38 days in between
    • 12 Mar 20268 of 8 present4 independent · 57 days in between
    • 13 Jan 20268 of 8 present4 independent

  • Audit Committee

    Chair Ashok Kumar Thakur

    Pooja Hemant Goyal, Lalit Singhvi

    • 20 Apr 20263 of 3 present2 independent · 38 days in between
    • 12 Mar 20263 of 3 present2 independent · 57 days in between
    • 13 Jan 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Pooja Hemant Goyal

    Ashok Kumar Thakur, Sandeep Kumar Singh, Atul Kumar

    • 20 Apr 20264 of 4 present4 independent
    • 12 Mar 20264 of 4 present4 independent
    • 13 Jan 20264 of 4 present4 independent

  • Stakeholders Relationship Committee

    Chair Ashok Kumar Thakur

    Pooja Hemant Goyal, Manish Gupta, Sandeep Kumar Singh

    • 20 Apr 20264 of 4 present3 independent

  • Risk Management Committee

    Chair Atul Kumar

    Pooja Hemant Goyal, Manish Gupta

    • 12 Mar 20263 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair Pooja Hemant Goyal

    Sandeep Kumar Singh, Lalit Singhvi, Manish Gupta

    • 20 Apr 20264 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.

  • Uttam Abuwala Ghosh & AssociatesPeer-review certificate valid to Mar 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.

Navkar Corporation 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.Navkar Corporation share news and announcements

Annual general meeting, 5 Aug 2026

61,141 shareholders on the register on 29 Jul 2026; present: 1 promoter and 72 others; votes counted by Alifya Sapatwala / Mehta & Mehta.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026 together with the reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.51%

    Turnout: all 70.45% · promoters 100.00% · institutions 9.05% · other public 0.13%

  2. To appoint Mr. Lalit Singhvi (DIN: 05335938), who retires by rotation as a Director.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.51%

    Turnout: all 70.45% · promoters 100.00% · institutions 9.05% · other public 0.13%

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 Nov 2025, 1 resolution

59,702 shareholders on the register on 10 Oct 2025; votes counted by Alifya Sapatwala / Mehta & Mehta.The company's voting result (opens in a new tab)

  1. Approval for Material Related Party Transaction with JSW Steel Limited
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 3.68% · promoters 0.00% · institutions 5.52% · other public 12.93%

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 Jul 2025, 3 resolutions

57,209 shareholders on the register on 1 Jul 2025; present: 1 promoter and 80 others; votes counted by Mr. Atul Mehta / Mehta & Mehta.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2025 together with the reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.69%

    Turnout: all 70.50% · promoters 100.00% · institutions 5.12% · other public 0.07%

  2. To appoint Mr. Manish Gupta (DIN: 08567943), who retires by rotation as a director.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.69%

    Turnout: all 70.50% · promoters 100.00% · institutions 5.12% · other public 0.07%

  3. To approve the appointment of M/s. Ragini Chokshi & Co., Practising Company Secretaries as Secretarial Auditor of the Company for a term of five consecutive years for the financial year 2025-26 to financial year 2029-30 and to fix their remunerationMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.69%

    Turnout: all 70.50% · promoters 100.00% · institutions 5.12% · other public 0.07%

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 Dec 2024, 6 resolutions

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Rinkesh Roy (DIN:07404080), as a Chairman (Non-Executive & Non- Independent Director) of the Company
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.32% · other public 0.50%

    Turnout: all 71.89% · promoters 99.89% · institutions 91.16% · other public 0.31%

  2. Appointment of Mr. Lalit Singhvi (DIN:05335938), as a Non-Executive & Non-Independent Director of the Company
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.41% · other public 0.50%

    Turnout: all 71.89% · promoters 99.89% · institutions 91.16% · other public 0.31%

  3. Appointment of Mr. Manish Gupta (DIN:08567943), as a Non-Executive & Non-Independent Director of the Company
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.32% · other public 0.50%

    Turnout: all 71.89% · promoters 99.89% · institutions 91.16% · other public 0.31%

  4. Appointment of Mr. Amit Garg (DIN: 00350413), as a Director
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.32% · other public 0.50%

    Turnout: all 71.89% · promoters 99.89% · institutions 91.16% · other public 0.31%

  5. Appointment of Mr. Amit Garg (DIN: 00350413), as a Whole-Time Director and Approval of the Terms of Remuneration Thereof
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.50%

    Turnout: all 71.89% · promoters 99.89% · institutions 91.16% · other public 0.31%

  6. Approval for Shifting of the Registered Office of the Company outside the Local Limits but within the same Jurisdiction of Registrar of Companies
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.32%

    Turnout: all 71.89% · promoters 99.89% · institutions 91.16% · other public 0.31%

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, 23 Sep 2024, 4 resolutions

Present: 11 promoters and 80 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2024 together with the reports of the Board of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.05%

    Turnout: all 71.13% · promoters 99.89% · institutions 42.92% · other public 0.26%

  2. To appoint Mr. Nemichand J Mehta (DIN: 01131811), who retires by rotation as a Director.
    OrdinaryPromoters have an interest in it
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 18.05% · other public 2.81%

    Turnout: all 71.13% · promoters 99.89% · institutions 42.92% · other public 0.26%

  3. Re-appointment of the Statutory Auditors.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.41%

    Turnout: all 71.13% · promoters 99.89% · institutions 42.92% · other public 0.26%

  4. To re-appoint Mr. Nemichand J Mehta (DIN: 01131811), as Whole-Time Director of the Company
    SpecialPromoters have an interest in it
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 9.78% · other public 2.81%

    Turnout: all 71.13% · promoters 99.89% · institutions 42.92% · other public 0.26%

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, 10 Aug 2023, 7 resolutions

Present: 10 promoters and 84 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2023 together with the reports of the Board of Directors and Auditors thereon.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.11%

    Turnout: all 70.57% · promoters 99.89% · institutions 14.79% · other public 0.62%

  2. Appoint Mr. Jayesh N. Mehta (DIN: 00510313), who retires by rotation as a Director.
    OrdinaryPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 100.00% · other public 6.14%

    Turnout: all 70.57% · promoters 99.89% · institutions 14.79% · other public 0.62%

  3. Re-appoint Mr. Shantilal J. Mehta (DIN 00134162), as Chairman and Managing Director of the Company.
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.16%

    Turnout: all 70.57% · promoters 99.89% · institutions 14.79% · other public 0.62%

  4. Approve change in designation of Mr. Jayesh N. Mehta (DIN: 00510313) from Non-Executive Non-Independent Director to Executive Whole Time Director of the Company.
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.17%

    Turnout: all 70.57% · promoters 99.89% · institutions 14.79% · other public 0.62%

  5. Appoint Mr. Dinesh Mohanlal Jain (DIN: 10043560), as Whole Time Director of the Company.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.34%

    Turnout: all 70.57% · promoters 99.89% · institutions 14.79% · other public 0.62%

  6. Appoint Mr. Atul Kumar (DIN: 09045002), as an Independent Director of the Company.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.15%

    Turnout: all 70.57% · promoters 99.89% · institutions 14.79% · other public 0.62%

  7. Re-appoint Mr. Sandeep K. Singh (DIN: 02814440), as an Independent Director of the Company.
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 95.07% · other public 6.16%

    Turnout: all 70.57% · promoters 99.89% · institutions 14.79% · other public 0.62%

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, 7 Sep 2022, 4 resolutions

Present: 8 promoters and 103 others.The company's voting result (opens in a new tab)

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

    Against: promoters 0.00% · institutions 0.00% · other public 0.27%

    Turnout: all 69.25% · promoters 99.88% · institutions 43.01% · other public 0.51%

  2. To appoint Mr. Nemichand Jayavantraj Mehta (DIN: 01131811), who retires by rotation as a Director.
    OrdinaryPromoters have an interest in it
    99.71% for0.29% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.95%

    Turnout: all 50.05% · promoters 72.07% · institutions 43.01% · other public 0.51%

  3. To re-appoint Ms. Pooja Hemant Goyal (DIN 07813296), as an Independent Director of the company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.53%

    Turnout: all 69.25% · promoters 99.88% · institutions 43.01% · other public 0.51%

  4. Sale of Business Undertaking on a Slump Sale basis.
    Special
    99.79% for0.21% against

    Against: promoters 0.00% · institutions 100.00% · other public 1.18%

    Turnout: all 69.25% · promoters 99.88% · institutions 43.01% · other public 0.51%

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, 7 resolutions

Present: 10 promoters and 82 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2021 together with the reports of the Board of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.37%

    Turnout: all 75.32% · promoters 99.88% · institutions 95.25% · other public 0.50%

  2. To appoint Mr. Jayesh Nemichand Mehta (DIN: 00510313), who retires by rotation as a Director.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.47%

    Turnout: all 75.32% · promoters 99.88% · institutions 95.25% · other public 0.50%

  3. To review, consider and approve the revise remuneration of the Statutory Auditors, Uttam Abuwala Ghosh & Associates (FRN 111184W) Chartered Accountants
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.39%

    Turnout: all 75.31% · promoters 99.88% · institutions 95.25% · other public 0.50%

  4. To re-appoint Mr. Nemichand Jayavantraj Mehta (DIN 01131811), as a Whole Time Director of the company.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.03%

    Turnout: all 75.31% · promoters 99.88% · institutions 95.25% · other public 0.50%

  5. To re-appoint Mr. Ashok Kumar Thakur (DIN 07573726), as an Independent Director of the company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.27%

    Turnout: all 75.31% · promoters 99.88% · institutions 95.25% · other public 0.50%

  6. Alteration in the object clause of the Memorandum of Association of the Company
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 36.15%

    Turnout: all 75.32% · promoters 99.88% · institutions 95.25% · other public 0.50%

  7. Alteration of Articles of Association with respect to removal of common seal clause.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.32%

    Turnout: all 75.32% · promoters 99.88% · institutions 95.25% · other public 0.50%

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.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 17 Nov 2025, 1 fund house

  • Approval for Material Related Party Transaction with JSW Steel Limited
    1 for0 against

Mutual fund votes, meeting of 8 Jul 2025, 1 fund house

  • To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2025 together with the reports of the Board of Directors and Auditors thereon.
    1 for0 against
  • To appoint Mr. Manish Gupta (DIN: 08567943), who retires by rotation as a director.
    1 for0 against
  • To approve the appointment of M/s. Ragini Chokshi & Co., Practising Company Secretaries as Secretarial Auditor of the Company for a term of five consecutive years for the financial year 2025-26 to financial year 2029-30 and to fix their remunerationMoreLess
    1 for0 against
3 earlier meetings

Mutual fund votes, meeting of 13 Dec 2024, 1 fund house

  • Appointment of Mr. Rinkesh Roy (DIN:07404080), as a Chairman (Non-Executive & Non- Independent Director) of the Company
    1 for0 against
  • Appointment of Mr. Lalit Singhvi (DIN:05335938), as a Non-Executive & Non-Independent Director of the Company
    1 for0 against
  • Appointment of Mr. Manish Gupta (DIN:08567943), as a Non-Executive & Non-Independent Director of the Company
    1 for0 against
  • Appointment of Mr. Amit Garg (DIN: 00350413), as a Director
    1 for0 against
  • Appointment of Mr. Amit Garg (DIN: 00350413), as a Whole-Time Director and Approval of the Terms of Remuneration Thereof
    1 for0 against
  • Approval for Shifting of the Registered Office of the Company outside the Local Limits but within the same Jurisdiction of Registrar of Companies
    1 for0 against

Mutual fund votes, meeting of 23 Sep 2024, 1 fund house

  • To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2024 together with the reports of the Board of Directors and Auditors thereon
    1 for0 against
  • To appoint Mr. Nemichand J Mehta (DIN: 01131811), who retires by rotation as a Director.
    1 for0 against
  • Re-appointment of the Statutory Auditors.
    1 for0 against
  • To re-appoint Mr. Nemichand J Mehta (DIN: 01131811), as Whole-Time Director of the Company
    1 for0 against

Mutual fund votes, meeting of 15 Sep 2021, 1 fund house

  • To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2021 together with the reports of the Board of Directors and Auditors thereon
    1 for0 against
  • To appoint Mr. Jayesh Nemichand Mehta (DIN: 00510313), who retires by rotation as a Director.
    1 for0 against
  • To review, consider and approve the revise remuneration of the Statutory Auditors, Uttam Abuwala Ghosh & Associates (FRN 111184W) Chartered Accountants
    1 for0 against
  • To re-appoint Mr. Nemichand Jayavantraj Mehta (DIN 01131811), as a Whole Time Director of the company.
    1 for0 against
  • To re-appoint Mr. Ashok Kumar Thakur (DIN 07573726), as an Independent Director of the company.
    1 for0 against
  • Alteration in the object clause of the Memorandum of Association of the Company
    1 for0 against
  • Alteration of Articles of Association with respect to removal of common seal clause.
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

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
Yes
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.