Nalwa Sons Investments logo

Nalwa Sons Investments CEO, MD, chairman, board of directors and AGM

NSE: NSILBSE: 532256FinanceSmall Cap

Formerly Jindal Strips
Last close ₹4,851.00down ₹124.00 (2.49%)BSE ₹4,882.60

Share price at the NSE close on 23 Oct 2026. Previous close ₹4,975.00.

52-week range of traded prices to 23 Oct 2026
₹4,700.00Low, 30 Mar 2026₹8,450.50High, 23 Oct 2025
Market cap
₹2,492 Cr983rd largest listed
P/E
45.0
P/B
0.2
Dividend yield
Nonein the last 12 months
ROE
0.3%
ROCE
0.5%
Debt to equity
0.00
Volume, NSE
4,20761.4% delivered

Nalwa Sons Investments 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 chief executiveMAHENDER KUMAR GOEL
  • Company Secretary and Compliance OfficerAjay Mittal

6 directors3 independent1 executive2 non-executive

  • MAHENDER KUMAR GOEL · Chairperson and chief executiveExecutive · joined May 2019 · reappointed Nov 2023 · 1 listed board · 2 committee seats
  • KANWALJIT SINGH THIND · Shareholder DirectorIndependent · joined Jan 2021 · reappointed Jan 2026 · 65 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • SHRUTI SHRIVASTAVA · Shareholder DirectorIndependent · joined Jan 2021 · reappointed Jan 2026 · 65 months as independent · 2 listed boards · 2 as independent · 5 committee seats
  • RAKESH KHANDELWALNon-executive · joined Nov 2023 · reappointed Nov 2023 · 1 listed board
  • AJAY GOYALNon-executive · joined May 2024 · reappointed May 2024 · 1 listed board · 1 committee seat
  • JAGDEEP BHARGAVA · Shareholder DirectorIndependent · joined May 2024 · reappointed May 2024 · 25 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
  • NRENDER GARG, left 15 Nov 2024: Others

Committees and meetings

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

  • Board

    • 28 May 20266 of 6 present3 independent · 103 days in between
    • 13 Feb 20265 of 6 present3 independent

  • Audit Committee

    Chair JAGDEEP BHARGAVA

    MAHENDER KUMAR GOEL, KANWALJIT SINGH THIND

    • 28 May 20263 of 3 present2 independent · 103 days in between
    • 13 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair JAGDEEP BHARGAVA

    AJAY GOYAL, KANWALJIT SINGH THIND

    • 28 May 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair KANWALJIT SINGH THIND

    MAHENDER KUMAR GOEL, AJAY GOYAL

    • 28 May 20263 of 3 present1 independent
    • 13 Feb 20262 of 3 present1 independent

  • Risk Management Committee

    Chair MAHENDER KUMAR GOEL

    KANWALJIT SINGH THIND, AJAY GOYAL

    • 27 May 20263 of 3 present1 independent
    • 5 Jan 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair JAGDEEP BHARGAVA

    MAHENDER KUMAR GOEL, AJAY GOYAL

    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 Jun 2026.

  • N C Aggarwal & Co.Peer-review certificate valid to Feb 2027
1 earlier auditor
  • Ms/. N C Aggarwal & Co.Named in the filing for the quarter to Mar 2025

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.

Nalwa Sons Investments 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.Nalwa Sons Investments share news and announcements

Annual general meeting, 30 Sep 2026

35,754 shareholders on the register on 23 Sep 2026; present: 11 promoters and 36 others; votes counted by RAJESH GARG / RAJESH GARG AND CO..The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2026, together with the Reports of Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.58%

    Turnout: all 60.13% · promoters 100.00% · institutions 71.16% · other public 0.07%

  2. To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2026, together with the Report of Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.58%

    Turnout: all 60.13% · promoters 100.00% · institutions 71.16% · other public 0.07%

  3. To appoint a Director in place of Mr. Ajay Goyal (DIN: 10448282), who retires by rotation in terms of the provisions of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 1.06% · other public 2.65%

    Turnout: all 60.13% · promoters 100.00% · institutions 71.16% · other public 0.07%

  4. Re-appointment of Mr. Mahender Kumar Goel (DIN: 00041866) as Whole Time Director and Key Managerial Personnel of the Company.
    Special
    99.28% for0.72% against

    Against: promoters 0.00% · institutions 9.61% · other public 2.65%

    Turnout: all 60.13% · promoters 100.00% · institutions 71.16% · 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, 9 Jan 2026, 2 resolutions

38,606 shareholders on the register on 5 Dec 2025; votes counted by RAJESH GARG / RAJESH GARG AND CO..The company's voting result (opens in a new tab)

  1. To consider and approve re-appointment of Mr. Kanwaljit Singh Thind (DIN: 06969654) as an Independent Director for a second term of five consecutive years.
    Special
    79.26% for20.74% against

    Against: promoters 0.00% · institutions 12.13% · other public 99.80%

    Turnout: all 75.42% · promoters 100.00% · institutions 82.57% · other public 39.03%

  2. To consider and approve re-appointment of Mrs. Shruti Shrivastava (DIN: 08697973) as an independent director for a second term of five consecutive years.
    Special
    79.26% for20.74% against

    Against: promoters 0.00% · institutions 12.13% · other public 99.80%

    Turnout: all 75.42% · promoters 100.00% · institutions 82.57% · other public 39.03%

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

36,240 shareholders on the register on 22 Sep 2025; present: 11 promoters and 36 others; votes counted by RAJESH GARG / RAJESH GARG AND CO..The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2025, together with the Reports of Board of Directors and Auditors thereon.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.59%

    Turnout: all 60.23% · promoters 99.64% · institutions 75.46% · other public 0.60%

  2. To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2025, together with the Report of Auditors thereon.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.59%

    Turnout: all 60.23% · promoters 99.64% · institutions 75.46% · other public 0.60%

  3. To appoint a Director in place of Mr. Rakesh Khandelwal (DIN: 00718906), who retires by rotation in terms of the provisions of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.59%

    Turnout: all 60.23% · promoters 99.64% · institutions 75.46% · other public 0.60%

  4. Appointment of M/s. Rajesh Garg & Co., Company Secretaries as Secretarial Auditors of the Company.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.59%

    Turnout: all 60.23% · promoters 99.64% · institutions 75.46% · other public 0.60%

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, 5 resolutions

Present: 11 promoters and 29 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: (a) the audited standalone financial statements of the Company for the financial year ended on 31st March, 2024, the Reports of Board of Directors and Auditors thereon; and (b) the audited consolidated financial statements of the Company for the financial year ended on 31st March, 2024 and the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 59.52% · promoters 99.61% · institutions 74.03% · other public 0.41%

  2. To appoint a Director in place of Mr. Mahender Kumar Goel (DIN: 00041866), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.54%

    Turnout: all 59.52% · promoters 99.61% · institutions 74.03% · other public 0.41%

  3. Appointment of Statutory Auditors of the Company and to fix their remuneration
    Ordinary
    75.16% for24.84% against

    Against: promoters 0.00% · institutions 0.00% · other public 99.21%

    Turnout: all 79.18% · promoters 99.61% · institutions 74.03% · other public 50.78%

  4. Approval for undertaking material related party transactions for granting loans to Group Company(ies).
    OrdinaryPromoters have an interest in it
    0.97% for99.03% against

    Against: promoters 0.00% · institutions 98.09% · other public 99.21%

    Turnout: all 23.79% · promoters 0.00% · institutions 74.03% · other public 50.79%

  5. Increase in threshold of loans/ guarantees, providing of securities and making of investments in securities under section 186 of the Companies Act, 2013
    Special
    70.26% for29.74% against

    Against: promoters 0.00% · institutions 98.09% · other public 99.19%

    Turnout: all 79.19% · promoters 99.61% · institutions 74.03% · other public 50.79%

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, 11 Jul 2024, 2 resolutions

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

  1. Appointment of Mr. Ajay Goyal(DIN:10448282)as director of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 60.01% · promoters 99.67% · institutions 84.41% · other public 0.38%

  2. Appointment of Mr. Jagdeep Bhargava(DIN:00011980) 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 60.01% · promoters 99.67% · institutions 84.41% · other public 0.38%

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, 23 Feb 2024, 2 resolutions

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

  1. Appointment of Mr. Mahender kumar Goel as Whole Time Director of the Company.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.39% · other public 7.05%

    Turnout: all 59.35% · promoters 99.62% · institutions 73.56% · other public 0.08%

  2. Appointment of Mr. Rakesh Khandelwal as director of the Company.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.19% · other public 7.11%

    Turnout: all 59.35% · promoters 99.62% · institutions 73.56% · other public 0.08%

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 2023, 2 resolutions

Present: 11 promoters and 28 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: (a) the audited standalone financial statements of the Company for the financial year ended on 31st March, 2023, the Reports of Board of Directors and Auditors thereon; and (b) the audited consolidated financial statements of the Company for the financial year ended on 31st March, 2023 and the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.38%

    Turnout: all 60.05% · promoters 99.82% · institutions 81.51% · other public 0.06%

  2. To appoint a Director in place of Mr. Mahender Kumar Goel (DIN: 00041866), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.54% · other public 50.93%

    Turnout: all 60.05% · promoters 99.82% · institutions 81.51% · other public 0.06%

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, 3 resolutions

Present: 11 promoters and 32 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: (a) the audited standalone financial statements of the Company for the financial year ended on 31st March, 2022, the Reports of Board of Directors and Auditors thereon; and (b) the audited consolidated financial statements of the Company for the financial year ended on 31st March, 2022 and the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.87%

    Turnout: all 59.33% · promoters 99.67% · institutions 69.79% · other public 0.02%

  2. To appoint a Director in place of Mr. Mahender Kumar Goel (DIN: 00041866), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.87%

    Turnout: all 59.33% · promoters 99.67% · institutions 69.79% · other public 0.02%

  3. Re-appointment of Mr. Rakesh Kumar Garg as Whole Time Director of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.87%

    Turnout: all 59.33% · promoters 99.67% · institutions 69.79% · other public 0.02%

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.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeIncome Tax DepartmentSince 28 Dec 2007
    Next hearing date not yet fixed.
    At the filing before: Last hearing was held at Hon'ble Supreme Court, Delhi on dated 05.12.2025
  • Tax disputeIncome Tax DepartmentSince 4 Dec 2019
    Next hearing date not yet fixed.
    At the filing before: Last hearing was held at CIT(A), New Delhi on dated 10.04.2026

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

At most 8 complaints open, quarter to Mar 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
No
The company has a risk management committee
Yes
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
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.