Organic Coatings MD, chairman, board of directors and AGM
BSE: 531157Chemicals & PetrochemicalsSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹25.90.
- Under BSE's graded surveillance, stage 0, 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.
- ₹25 Cr4,123rd 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. The filing of 30 May 2026
- 1,081.4
- 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 14 Aug 2026
- −166.9%
- 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 14 Aug 2026
- −21.3%
- 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 30 May 2026
- 447.55
- Volume, BSEVolume. Shares traded on the last trading day.
- 5,894
Organic Coatings board of directors
At the end of the quarter to Dec 2018, as the company filed it; changes since are in its announcements.Their trades in its shares
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
- 1 Nov 201882 days in between
- 10 Aug 201819 days in between
- 21 Jul 2018
Audit Committee
Chair VINAY S. JOG
SUDHIR A. SATHE, ASHWINI Y. LAD
- 1 Nov 201882 days in between
Nomination and remuneration committee
Chair VINAY S. JOG
SUDHIR A. SATHE, ASHWINI Y. LAD
- 1 Nov 201882 days in between
Stakeholders Relationship Committee
Chair SUDHIR A. SATHE
VINAY S. JOG, ASHWINI Y. LAD
- 1 Nov 201882 days in between
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.
- SOMAN UDAY & CO.Peer-review certificate valid to Nov 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.
Organic Coatings 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.Organic Coatings dividend history
Annual general meeting, 29 Sep 2026
2,785 shareholders on the register on 22 Sep 2026; present: 2 promoters and 34 others; votes counted by Dharmendra Bhaliya / Dharmendra Bhaliya.The company's voting result (opens in a new tab)
- To consider and adopt the audited financial statement of the Company for the financial year ended 31st March, 2026 and the reports of the Board of Directors and Auditors' thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 53.46% · promoters 8.92% · institutions 0.00% · other public 56.63%
- To appoint Mr. Ajay Rajnikant Shah (DIN: 00011763), who retires by rotation, as a director.OrdinaryNot passedPromoters have an interest in it8.67% for91.33% against
Against: promoters 0.00% · institutions 0.00% · other public 92.22%
Turnout: all 56.16% · promoters 8.92% · institutions 0.00% · other public 59.53%
- To appoint Mr. Ganesh Ramanathan (DIN: 00016260) as an Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 53.46% · promoters 8.92% · institutions 0.00% · other public 56.63%
- To appoint Mr. Subhash Ambubhai Patel (DIN: 00535221) as an Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 53.46% · promoters 8.92% · institutions 0.00% · other public 56.63%
- To Increasing the Authorised Share Capital of The Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 53.46% · promoters 8.92% · institutions 0.00% · other public 56.63%
- Approve limit for related party transactions with related parties of the company for the financial year 2026-27.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 53.46% · promoters 8.92% · institutions 0.00% · other public 56.63%
- To Consider and approve enhancement in overall Borrowing Limits of The Company Under Section 180 of the Companies Act, 2013.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 53.46% · promoters 8.92% · institutions 0.00% · other public 56.63%
- To consider and approve under section 180(1)(a) of the companies act, 2013 inter alia creation of mortgage or charge on the assets, properties or undertaking(s) of the company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 53.46% · promoters 8.92% · institutions 0.00% · other public 56.63%
- Approval for shifting of registered office of the Company from the state of Maharashtra to the state of Gujarat to consider and consequent in the Memorandum of Association.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 53.46% · promoters 8.92% · institutions 0.00% · other public 56.63%
- Approval of remuneration payable to Mr. Abhay Rajnikant Shah (00016497), managing director of the Company.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 53.46% · promoters 8.92% · institutions 0.00% · other public 56.63%
- Approval of remuneration payable to Mr. Ajay Rajnikant Shah (00011763), Whole-Time Director of The Company.SpecialNot passedPromoters have an interest in it8.67% for91.33% against
Against: promoters 0.00% · institutions 0.00% · other public 92.22%
Turnout: all 56.16% · promoters 8.92% · institutions 0.00% · other public 59.53%
- Approval of Appointment of Mr. Parth Meenesh Patel (06714101), as a whole-time director of the company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 53.46% · promoters 8.92% · institutions 0.00% · other public 56.63%
- Approval of Appointment of Mr. Nikhil Sadarangani (11284679), whole-time director of the company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 53.46% · promoters 8.92% · institutions 0.00% · other public 56.63%
- Approval of remuneration payable to Mr. Sundaramurthy Kuppamuthu (07282015), whole-time director of the company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 53.46% · promoters 8.92% · institutions 0.00% · other public 56.63%
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.
Compliance
- 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 company's own answers in its filing.