Orient Ceratech Ltd-$ MD, chairman, board of directors and AGM
NSE: ORIENTCERBSE: 504879Industrial ProductsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹40.63.
- 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.
- ₹464 Cr1,862nd 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. The filing of 6 Aug 2026
- 17.8
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by 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). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹4.12 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 15.3
- 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 27 May 2026
- 1.5
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.90%
- 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 6 Aug 2026
- 8.9%
- 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 −₹4.12 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 10.3%
- 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 6 Aug 2026
- 9.4%
- 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 27 May 2026
- 0.13
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 42,22168.2% delivered
Orient Ceratech Ltd-$ 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
- ChairpersonHarish Narendra Motiwalla
- Managing directorManan Chetan Shah
- Company Secretary and Compliance OfficerKrupal Upadhyay
7 directors3 independent2 executive2 non-executive
- Harish Narendra Motiwalla · ChairpersonIndependent · joined Feb 2018 · reappointed Feb 2023 · 100 months as independent · 1 listed board · 1 as independent · 3 committee seats, 1 as chair
- Hemul ShahNon-executive · joined Jul 2015 · reappointed Jul 2015 · 2 listed boards · 7 committee seats, 4 as chair
- Ketan V ShrimankarIndependent · joined Aug 2021 · reappointed Aug 2021 · 59 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair
- Chaitali Nishit SalotNon-executive · joined Feb 2018 · reappointed Feb 2018 · 1 listed board · 1 committee seat
- Rathod Manubhai SomabhaiExecutive · joined Jun 2017 · reappointed Jun 2024 · 1 listed board
- Manan Chetan Shah · Managing directorExecutive · joined Apr 2023 · reappointed Apr 2023 · 2 listed boards · 3 committee seats
- Akhila Agnihotri SamdariaIndependent · joined Nov 2025 · reappointed Nov 2025 · 7 months as independent · 2 listed boards · 2 as independent · 1 committee seat
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
- Neeta Sunilkumar Shah, left 10 Nov 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 18 Jun 20267 of 7 present3 independent · 21 days in between
- 27 May 20267 of 7 present3 independent · 111 days in between
- 4 Feb 20267 of 7 present3 independent
Audit Committee
Chair Harish Narendra Motiwalla
Ketan V Shrimankar, Hemul Shah
- 18 Jun 20263 of 3 present2 independent · 21 days in between
- 27 May 20263 of 3 present2 independent · 111 days in between
- 4 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Ketan V Shrimankar
Harish Narendra Motiwalla, Hemul Shah
- 27 May 20263 of 3 present2 independent
- 10 Nov 20253 of 3 present2 independent
Stakeholders Relationship Committee
Chair Hemul Shah
Ketan V Shrimankar, Chaitali Nishit Salot
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair Chaitali Nishit Salot
Hemul Shah, Harish Narendra Motiwalla
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.
- Sanghavi & CoPeer-review certificate valid to May 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.
Orient Ceratech Ltd-$ 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.Orient Ceratech Ltd-$ dividend history
Annual general meeting, 24 Sep 2026
26,488 shareholders on the register on 17 Sep 2026; present: 3 promoters and 37 others; votes counted by Dipti Gohil / Dipti Gohil.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone Financial Statements of the Company (including Consolidated Financial Statements) for the Financial Year ended 31st March, 2026, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.56%
Turnout: all 58.20% · promoters 90.72% · institutions 0.00% · other public 1.04%
- To declare a dividend of 35% i.e. Re. 0.35/- (Thirty-Five paise) per Equity Share of the face value of Re. 1/- each, for the Financial Year ended 31st March, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.56%
Turnout: all 58.20% · promoters 90.72% · institutions 0.00% · other public 1.05%
- To appoint a director in place of Mr. Manubhai Rathod, Director (DIN: 07618837), who retires by rotation and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.94%
Turnout: all 58.19% · promoters 90.72% · institutions 0.00% · other public 1.01%
- To approve existing as well as new Material Related Party Transaction(s) with Bombay Minerals Limited.OrdinaryPromoters have an interest in it99.42% for0.58% against
Against: promoters 0.00% · institutions 0.00% · other public 0.58%
Turnout: all 0.23% · promoters 0.00% · institutions 0.00% · other public 1.01%
- Ratification of Cost Auditor’s RemunerationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.91%
Turnout: all 58.20% · promoters 90.72% · institutions 0.00% · other public 1.05%
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, 30 Jul 2026, 1 resolution
26,243 shareholders on the register on 26 Jun 2026; votes counted by Dipti Gohil / Dipti Gohil.The company's voting result (opens in a new tab)
- REGULARIZATION OF REAPPOINTMENT OF MR. KETAN SHRIMANKAR (DIN: 00452468) AS NON-EXECUTIVE INDEPENDENT DIRECTOR OF THE COMPANYSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 7.50%
Turnout: all 63.88% · promoters 99.78% · institutions 0.00% · other public 0.56%
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, 6 Feb 2026, 2 resolutions
27,232 shareholders on the register on 2 Jan 2026; votes counted by Dipti Gohil / Dipti Gohil.The company's voting result (opens in a new tab)
- REGULARIZATION OF THE APPOINTMENT OF MRS. AKHILA AGNIHOTRI SAMDARIA (DIN: 07028159) AS NON-EXECUTIVE INDEPENDENT DIRECTOR OF THE COMPANYSpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 3.88%
Turnout: all 34.29% · promoters 53.33% · institutions 0.00% · other public 0.94%
- REAPPOINTMENT OF MR. MANAN SHAH (DIN: 06378095) AS MANAGING DIRECTOR OF THE COMPANYSpecialPromoters have an interest in it96.39% for3.61% against
Against: promoters 0.00% · institutions 0.00% · other public 3.61%
Turnout: all 0.21% · promoters 0.00% · institutions 0.00% · other public 0.94%
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 2025, 6 resolutions
27,234 shareholders on the register on 16 Sep 2025; present: 3 promoters and 49 others; votes counted by Dipti Gohil / Dipti Gohil.The company's voting result (opens in a new tab)
1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company (including Consolidated Financial Statements) for the Financial Year ended 31st March, 2025, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
Ordinary99.97% for0.03% againstAgainst: promoters 0.00% · institutions 0.00% · other public 6.08%
Turnout: all 39.89% · promoters 62.46% · institutions 0.00% · other public 0.78%
- 2. To declare a dividend of 25% i.e. Re. 0.25/- (Twenty-Five paise) per Equity Share of the face value of Re. 1/- each, for the Financial Year ended 31st March, 2025.Ordinary99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 6.09%
Turnout: all 39.89% · promoters 62.46% · institutions 0.00% · other public 0.78%
- 3.To appoint a director in place of Mrs. Chaitali Salot, Director (DIN: 02036868), who retires by rotation and being eligible, offers herself for re-appointment.OrdinaryPromoters have an interest in it99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 6.76%
Turnout: all 39.80% · promoters 62.31% · institutions 0.00% · other public 0.78%
- 4. To approve existing as well as new Material Related Party Transaction(s) with Bombay Minerals Limited.OrdinaryPromoters have an interest in it93.57% for6.43% against
Against: promoters 0.00% · institutions 0.00% · other public 6.43%
Turnout: all 0.17% · promoters 0.00% · institutions 0.00% · other public 0.74%
- 5.Ratification of Cost Auditor's RemunerationOrdinary99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 6.62%
Turnout: all 39.89% · promoters 62.46% · institutions 0.00% · other public 0.78%
- 6. Appointment of Secretarial AuditorOrdinary99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 6.54%
Turnout: all 39.89% · promoters 62.46% · institutions 0.00% · other public 0.78%
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, 7 resolutions
Present: 4 promoters and 63 others.The company's voting result (opens in a new tab)
1. a) To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2024, together with the Reports of the Board of Directors and the Auditors thereon. b) To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Yearnended 31st March, 2024, together with the Report of the Auditors thereon.MoreLess
Ordinary99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 1.20%
Turnout: all 34.16% · promoters 53.49% · institutions 0.00% · other public 0.62%
- To declare a dividend of 25% i.e. Re. 0.25/- (Twenty-Five paise) per Equity Share of the face value of Re. 1/- each, fornthe Financial Year ended 31st March, 2024.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.20%
Turnout: all 34.16% · promoters 53.49% · institutions 0.00% · other public 0.62%
- To appoint a Director in place of Mr. Hemul Shah, Director (DIN: 00058558), who retires by rotation and beingneligible, offers himself for re-appointmentOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.98%
Turnout: all 34.16% · promoters 53.49% · institutions 0.00% · other public 0.62%
- To approve existing as well as new Material Related Party Transaction(s) with Bombay Minerals LimitedOrdinaryPromoters have an interest in it98.73% for1.27% against
Against: promoters 0.00% · institutions 0.00% · other public 1.27%
Turnout: all 0.14% · promoters 0.00% · institutions 0.00% · other public 0.59%
To approve existing as well as new Material Related Party Transaction(s) between Orient Advanced MaterialsnPrivate Limited, Wholly Owned Subsidiary of the Company and Bombay Minerals Limited, Promoter Companynof the CompanyMoreLess
OrdinaryPromoters have an interest in it98.11% for1.89% againstAgainst: promoters 0.00% · institutions 0.00% · other public 1.89%
Turnout: all 0.14% · promoters 0.00% · institutions 0.00% · other public 0.59%
- Ratification of Cost Auditor’s RemunerationOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.86%
Turnout: all 34.16% · promoters 53.49% · institutions 0.00% · other public 0.62%
- Revision in Remuneration of Mr. Manan Shah (DIN: 06378095), Managing Director of the CompanySpecialPromoters have an interest in it97.50% for2.50% against
Against: promoters 0.00% · institutions 0.00% · other public 2.50%
Turnout: all 0.14% · promoters 0.00% · institutions 0.00% · other public 0.59%
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, 25 Sep 2023, 9 resolutions
Present: 4 promoters and 49 others.The company's voting result (opens in a new tab)
a) To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2023, together with the Reports of the Board of Directors and the Auditors thereon. b) To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Yearnended 31st March, 2023, together with the Report of the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.17%
Turnout: all 65.60% · promoters 99.39% · institutions 16.68% · other public 0.86%
- To declare a dividend of 25% i.e. Re. 0.25/- (Twenty-Five paise) per Equity Share of the face value of Re. 1/- each, for thenFinancial Year ended 31st March, 2023.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.13%
Turnout: all 65.60% · promoters 99.39% · institutions 16.68% · other public 0.86%
- To appoint a Director in place of Mr. Manubhai Rathod, Whole-Time Director (Operations) (DIN: 07618837), whonretires by rotation and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.41%
Turnout: all 65.59% · promoters 99.39% · institutions 16.68% · other public 0.83%
- Re-appointment of Mr. Manubhai Rathod (DIN: 07618837) as the Whole-Time Director (Operations) of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.40%
Turnout: all 65.59% · promoters 99.39% · institutions 16.68% · other public 0.83%
- Re-appointment of Mrs. Neeta Shah (DIN: 07134947) as an Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.39%
Turnout: all 65.60% · promoters 99.39% · institutions 16.68% · other public 0.86%
- To approve existing as well as new Material Related Party Transaction(s) with Bombay Minerals LimitedOrdinaryPromoters have an interest in it99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 0.33%
Turnout: all 2.39% · promoters 0.00% · institutions 16.68% · other public 0.81%
- To approve existing as well as new Material Related Party Transaction(s) with Ashapura Minechem LimitedOrdinaryPromoters have an interest in it99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 0.33%
Turnout: all 2.39% · promoters 0.00% · institutions 16.68% · other public 0.81%
To approve existing as well as new Material Related Party Transaction(s) between Orient Advanced MaterialsnPrivate Limited, Wholly Owned Subsidiary of the Company and Bombay Minerals Limited, Promoter Companynof the CompanyMoreLess
OrdinaryPromoters have an interest in it99.97% for0.03% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.34%
Turnout: all 2.39% · promoters 0.00% · institutions 16.68% · other public 0.81%
- Ratification of Cost Auditor's RemunerationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.21%
Turnout: all 65.60% · promoters 99.39% · institutions 16.68% · other public 0.86%
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 disputeGujarat High CourtSince 25 Feb 2021Matter at Gujarat High Court CAVEAT application filedAt the filing before: Disallowance of deduction U/S 80IA
- Tax disputeGujarat High CourtSince 25 Feb 2021Matter at Gujarat High Court CAVEAT application filedAt the filing before: Disallowance u/s 32 37(1)
- Tax disputeGujarat High CourtSince 25 Feb 2021Matter at Gujarat High Court CAVEAT application filedAt the filing before: Disallowance of deduction U/S 80IA & 37(1)
- Tax disputeIncome Tax Appellate TribunalSince 12 Aug 2024Matter Pending at ITAT RajkotAt the filing before: Disallowance U/s 32 (Penalty)
- Tax disputeGujarat High CourtSince 25 Feb 2021Matter at Gujarat High Court CAVEAT application filedAt the filing before: Disallowance of deduction U/S 80IA
- Tax disputeGujarat High CourtSince 13 Feb 2017Matter at Gujarat High Court CAVEAT application filedAt the filing before: Disallowance of deduction U/S 80IA
- Tax disputeIncome Tax Appelate TribunalSince 14 Apr 2016Matters Pending at ITAT RajkotAt the filing before: Disallowance of deduction U/S 80IA
- Tax disputeIncome Tax Appelate TribunalSince 27 Sep 2016Matters Pending at ITAT RajkotAt the filing before: Disallowance u/s 80IA and 32
4 more
- Tax disputeIncome Tax Appelate TribunalSince 24 Jan 2018Matters Pending at ITAT RajkotAt the filing before: Disallowance of deduction U/S 80IA
- Tax disputeCIT (Appeal)Since 26 Aug 2021Matters Pending at CIT(A)At the filing before: Disallwance U/s35 (i)(ii) and 92C
- Tax disputeThe Assistant Commissioner of State Tax, GujaraSince 29 Nov 2024Appeal filed.Matter pending with Appellate AuthorityAt the filing before: GST Demand Order (DRC-7)
- Tax disputeCIT (Appeal)Since 13 Mar 2026Matters Pending at CIT(A)
At the filing before: CPC had failed to give credit of Self-Assessment Tax amounting to Rs. 23,00,000/- paid by the appellant on 31.10.2025 vide BSR Code 0002271 and Challan no. 16838 and as such raising a demand of Rs.23,28,980/-MoreLess
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
- 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.