Nitco MD, chairman, board of directors and AGM
NSE: NITCOBSE: 532722Consumer DurablesSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹71.88.
- 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.
- ₹1,752 Cr1,145th 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.
- Lossover the last 12 months
- 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.
- Shares changed
- 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 12 Aug 2026
- −9.5%
- ROE without one-offsReturn on equity without one-off items. Core profit, 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 less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹4.00 crore of one-off items, the largest of them in the quarter to Dec 2025.
- −8.1%
- 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 12 Aug 2026
- −3.8%
- 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 13 May 2026
- 0.83
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 3,89,65243.0% delivered
Nitco 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 directorVivek Prannath TalwarRelated to the promoter
6 directors4 independent1 executive1 non-executive
- Vivek Prannath Talwar · Chairperson and managing directorExecutive · joined Apr 1980 · reappointed Apr 2026 · 2 listed boards · 1 as independent · 3 committee seats
- Poonam TalwarNon-executive · joined Oct 2022 · reappointed Sep 2024 · 1 listed board · 1 committee seat
- Ajaybir Singh Jasbir Singh BakshiIndependent · joined Oct 2022 · reappointed Oct 2022 · 44 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Priyanka AgarwalIndependent · joined Nov 2022 · reappointed Nov 2022 · 43 months as independent · 3 listed boards · 3 as independent · 2 committee seats
- Harsh KediaIndependent · joined Nov 2022 · reappointed Nov 2022 · 43 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
- Santhosh Kumar ShetIndependent · joined Nov 2022 · reappointed Nov 2022 · 43 months as independent · 1 listed board · 1 as independent · 1 committee seat, 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.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 13 May 20266 of 6 present4 independent · 50 days in between
- 23 Mar 20266 of 6 present4 independent · 38 days in between
- 12 Feb 20266 of 6 present4 independent · 28 days in between
- 14 Jan 20266 of 6 present4 independent
Audit Committee
Chair Harsh Kedia
Vivek Prannath Talwar, Ajaybir Singh Jasbir Singh Bakshi, Priyanka Agarwal
- 13 May 20264 of 4 present3 independent · 50 days in between
- 23 Mar 20264 of 4 present3 independent · 38 days in between
- 12 Feb 20264 of 4 present3 independent · 28 days in between
- 14 Jan 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Ajaybir Singh Jasbir Singh Bakshi
Poonam Talwar, Santhosh Kumar Shet
- 13 May 20263 of 3 present2 independent
- 12 Feb 20262 of 3 present2 independent
- 14 Jan 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Santhosh Kumar Shet
Vivek Prannath Talwar, Poonam Talwar
- 12 Feb 20262 of 3 present1 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.M. Nissim & Co LLPPeer-review certificate valid to Mar 2028
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.
Nitco 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.Nitco dividend history
Annual general meeting, 17 Sep 2026
29,835 shareholders on the register on 10 Sep 2026; present: 12 promoters and 52 others; votes counted by BALYOTTU DURGAPRASAD RAI / B. DURGAPRASAD RAI.The company's voting result (opens in a new tab)
- Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 together with Reports of Board of Directors and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 68.65% · promoters 99.85% · institutions 0.00% · other public 60.97%
- Appointment of Director in place of Ms. Poonam Talwar (DIN: 0004300) who retires by rotation and being eligible, offers herself for re-appointment as a Director.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 68.65% · promoters 99.85% · institutions 0.00% · other public 60.97%
- Re-appointment and remuneration payable to cost auditor of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 68.65% · promoters 99.85% · institutions 0.00% · other public 60.97%
Revision of limit of Material Related Party Transaction(s) with M/s. Authum Investment & Infrastructure Limited (“Authum”) under Section 188 of the Companies Act, 2013 and Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements), 2015.MoreLess
OrdinaryPromoters have an interest in it99.98% for0.02% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 0.16% · promoters 0.00% · institutions 0.00% · other public 0.22%
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, 27 Jun 2026, 1 resolution
27,129 shareholders on the register on 15 May 2026; votes counted by BALYOTTU DURGAPRASAD RAI / B. DURGAPRASAD RAI.The company's voting result (opens in a new tab)
Approve the monetization of Company’s immovable property situated at Kanjurmarg, Mumbai and enter into conveyance deed or agreement with M/s. R Siddhatva Developers Private Limited, a step down subsidiary company of M/s. Runwal Construction Private LimitedMoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 68.90% · promoters 99.81% · institutions 49.93% · other public 61.62%
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.
Postal ballot, 1 May 2026, 1 resolution
26,066 shareholders on the register on 27 Mar 2026; votes counted by BALYOTTU DURGAPRASAD RAI / B. DURGAPRASAD RAI.The company's voting result (opens in a new tab)
- Approve Material Related Party Transaction to be entered with Ms. Authum Investment and Infrastructure LimitedOrdinaryPromoters have an interest in it99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 0.64%
Turnout: all 1.97% · promoters 0.00% · institutions 46.73% · other public 0.22%
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, 20 Mar 2026, 2 resolutions
26,368 shareholders on the register on 13 Feb 2026; votes counted by BALYOTTU DURGAPRASAD RAI / B. DURGAPRASAD RAI.The company's voting result (opens in a new tab)
To approve the re-appointment of Mr. Vivek Prannath Talwar (DIN: 00043180), as Managing Director of the Company designated as “Executive Chairman” (Key Managerial Personnel) for a period of 3 years with effect from April 01, 2026MoreLess
SpecialPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 63.10% · promoters 73.29% · institutions 47.63% · other public 61.80%
- To approve grant of advance, any loan/give guarantee/provide security under section 185 of the Companies Act, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 67.39% · promoters 99.75% · institutions 47.63% · other public 61.80%
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, 4 resolutions
23,791 shareholders on the register on 22 Sep 2025; present: 11 promoters and 66 others; votes counted by Mr. Ankit Sethi / Ankit Sethi & Associates.The company's voting result (opens in a new tab)
- Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025 together with Reports of Board of Directors and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 67.79% · promoters 99.75% · institutions 42.98% · other public 62.68%
- Appointment of Director in place of Mr. Vivek Talwar (DIN: 00043180) who retires by rotation and being eligible, offers himself for re-appointment as a Director.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 67.79% · promoters 99.75% · institutions 42.98% · other public 62.68%
- Ratification of Remuneration payable to Cost Auditor of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 67.79% · promoters 99.75% · institutions 42.98% · other public 62.68%
- Appointment of Secretarial Auditor of the Company for a term of 5 consecutive years.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 67.79% · promoters 99.75% · institutions 42.98% · other public 62.68%
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.
Extraordinary general meeting, 11 Mar 2025, 2 resolutions
22,848 shareholders on the register on 4 Mar 2025; present: 9 promoters and 53 others; votes counted by Mr. Ankit Sethi / Ankit Sethi & Associates.The company's voting result (opens in a new tab)
- Approval for sale, assignement, transfer, conveyance of Wind Energy Business Undertaking on Slump Sale BasisSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 63.89% · promoters 90.32% · institutions 0.00% · other public 60.51%
- Approval for the Plotted Development of the Company's Land situated at AlibaugSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 63.89% · promoters 90.32% · institutions 0.00% · other public 60.51%
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.
Extraordinary general meeting, 15 Nov 2024, 6 resolutions
Present: 12 promoters and 38 others.The company's voting result (opens in a new tab)
- INCREASE IN AUTHORIZED SHARE CAPITAL OF THE COMPANY ANDnCONSEQUENTIAL AMENDMENT IN MEMORANDUM OF ASSOCIATION OF THEnCOMPANYOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 47.33% · promoters 99.73% · institutions 0.00% · other public 1.48%
- ISSUE OF EQUITY SHARES ON A PREFERENTIAL BASISSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 47.33% · promoters 99.73% · institutions 0.00% · other public 1.48%
- ISSUE OF CONVERTIBLE WARRANTS ON PREFERENTIAL BASIS TO ONE OF THEnPERSONS BELONGING TO PROMOTER CATEGORYSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 47.33% · promoters 99.73% · institutions 0.00% · other public 1.48%
- ISSUE OF EQUITY SHARES BY CONVERSION OF DEBT TO AUTHUM INVESTMENTn& INFRASTRUCTURE LIMITEDSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 47.33% · promoters 99.73% · institutions 0.00% · other public 1.48%
APPROVAL UNDER SECTION 188 OF THE COMPANIES ACT, 2013 ANDnREGULATION 23(4) OF THE SECURITIES AND EXCHANGE BOARD OF INDIAn(LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS,n2015, FOR ‘MATERIAL RELATED PARTY TRANSACTION’ FOR PURCHASE OFnASSET/PROPERTY FROM PROMOTERS / PROMOTER GROUPMoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 0.66% · promoters 0.00% · institutions 0.00% · other public 1.46%
- ALTERATION IN MAIN OBJECT OF MEMORANDUM OF ASSOCIATION OF THEnCOMPANYSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 47.33% · promoters 99.73% · institutions 0.00% · other public 1.48%
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, 20 Sep 2024, 3 resolutions
Present: 10 promoters and 43 others.The company's voting result (opens in a new tab)
- Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2024 together with Reports of Board of Directors and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 46.94% · promoters 99.73% · institutions 0.00% · other public 0.65%
- Appointment of Director in place of Ms. Poonam Talwar (DIN: 00043300) who retires by rotation and being eligible, offers herself for re-appointment as a DirectorOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.13%
Turnout: all 46.94% · promoters 99.73% · institutions 0.00% · other public 0.65%
- Ratification of Remuneration payable to R. K.nBhandari & Co., Cost Auditor for the Financial Year 2024-25nOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.96%
Turnout: all 46.94% · promoters 99.73% · institutions 0.00% · other public 0.65%
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.
Fines
Reported in the filing for the quarter to Jun 2026.
- Fine or penaltyPollution Control Committee Dadra Nagar Haveli and Daman & DiuSince 13 Apr 2026
The Company has been directed to pay Environmental Compensation of Rupees 1425000 towards Pollution control Committee payable at Silvassa within Seven days from the date of Order. Additionally company has duly paid the said environmental compensation.
Non-compliance of Environmental standards
In the company's own words, from its latest governance filing.
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
- Yes
- 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 Jun 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. 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 | Reason and comments |
|---|---|---|---|---|---|---|
| Preferential IssuesJan 2025, checked by Infomerics Valuation and Rating Limited | 5.00 | – | – | No | Audit committee: Audit Committee has reviewed the monitoring agency report |