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Palash Securities MD, chairman, board of directors and AGM

NSE: PALASHSECUBSE: 540648Food ProductsSmall Cap

Last close ₹78.45down ₹1.22 (1.53%)BSE ₹79.50

Share price at the NSE close on 23 Oct 2026. Previous close ₹79.67.

52-week range of traded prices to 23 Oct 2026
₹78.40Low, 23 Oct 2026₹126.00High, 27 Oct 2025
Market cap
₹78 Cr2,944th largest listed
P/E
4.9
P/B
0.2
Dividend yield
Nonein the last 12 months
ROE
3.0%
ROCE
−0.4%
Debt to equity
0.00
Volume, NSE
34665.3% delivered

Palash Securities 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

  • ChairpersonShalini NopanyRelated to the promoter
  • Company Secretary and Compliance OfficerVikram Kumar Mishra

6 directors4 independent1 executive1 non-executive

  • Shalini Nopany · ChairpersonNon-executive · joined Aug 2016 · 4 listed boards · 2 committee seats
  • Suraj Kumar AgrawalExecutive · joined Mar 2026 · 1 listed board · 1 committee seat
  • Dinesh KacholiaIndependent · joined Mar 2017 · reappointed Mar 2022 · 112 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Chhedi Lal AgarwalIndependent · joined Mar 2017 · reappointed Mar 2022 · 111 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair
  • Arun Kumar NewarIndependent · joined Mar 2017 · reappointed Mar 2022 · 111 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair
  • Suresh Kumar KhandeliaIndependent · joined Feb 2020 · reappointed Feb 2025 · 77 months as independent · 2 listed boards · 2 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.

1 director who left
  • Chand Bihari Patodia, left 29 Mar 2026: Tenure Completion

Committees and meetings

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

  • Board

    • 15 May 20266 of 6 present4 independent · 45 days in between
    • 30 Mar 20263 of 6 present2 independent · 44 days in between
    • 13 Feb 20266 of 6 present4 independent

  • Audit Committee

    Chair Chhedi Lal Agarwal

    Arun Kumar Newar, Dinesh Kacholia, Suraj Kumar Agrawal

    • 15 May 20264 of 4 present3 independent · 90 days in between
    • 13 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Arun Kumar Newar

    Dinesh Kacholia, Chhedi Lal Agarwal

    • 15 May 20263 of 3 present3 independent · 45 days in between
    • 30 Mar 20262 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Chhedi Lal Agarwal

    Arun Kumar Newar, Dinesh Kacholia

    • 15 May 20263 of 3 present3 independent · 90 days in between
    • 13 Feb 20263 of 3 present3 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.

  • Agrawal Subodh & Co., Chartered AccountantsPeer-review certificate valid to Jul 2027
1 earlier auditor
  • Agrawal Subodh & CoNamed 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.

Palash Securities 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.Palash Securities share news and announcements

Annual general meeting, 5 Aug 2026

8,215 shareholders on the register on 29 Jul 2026; present: 16 promoters and 22 others; votes counted by MOHAN RAM GOENKA / NA.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 March 31, 2026 together with the Reports of the Board of Directors and Auditors thereon. b) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 together with the Report of the Auditors thereon.MoreLess
    Ordinary
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.52%

    Turnout: all 73.47% · promoters 100.00% · institutions 0.00% · other public 4.76%

  2. To appoint a Director in place of Ms. Shalini Nopany (DIN: 00077299), who retires by rotation and being eligible, offers herself for re-appointment.
    Ordinary
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.52%

    Turnout: all 73.14% · promoters 99.54% · institutions 0.00% · other public 4.76%

  3. To appoint and fix the remuneration of Statutory Auditors for a term of 5 (five) consecutive years from the conclusion of 12th Annual General Meeting till the conclusion of the 17th Annual General Meeting of the Company.MoreLess
    Ordinary
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.52%

    Turnout: all 73.47% · promoters 100.00% · institutions 0.00% · other public 4.76%

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, 24 May 2026, 2 resolutions

8,306 shareholders on the register on 17 Apr 2026; votes counted by MOHAN RAM GOENKA / NOT APPLICABLE.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Suraj Kumar Agrawal (DIN: 03260442) as Director of the Company.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.86%

    Turnout: all 73.49% · promoters 100.00% · institutions 0.00% · other public 4.82%

  2. Appointment of Mr. Suraj Kumar Agrawal (DIN: 03260442) as the Managing Director of the Company for a term of 3 (three) years.
    Ordinary
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.27%

    Turnout: all 73.49% · promoters 100.00% · institutions 0.00% · other public 4.82%

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, 24 Sep 2025, 6 resolutions

8,636 shareholders on the register on 17 Sep 2025; present: 72,20,303 promoters and 51,939 others; votes counted by MOHAN RAM GOENKA / MOHAN RAM GOENKA.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 year ended March 31, 2025 together with the Reports of the Directors and Auditors thereon; (b) the Audited Consolidated Financial Statements of the Company for the year ended March 31, 2025 together with the Report of the Auditors thereon.MoreLess
    Ordinary
    90.61% for9.39% against

    Against: promoters 0.00% · institutions 0.00% · other public 83.75%

    Turnout: all 81.29% · promoters 100.00% · institutions 0.00% · other public 33.60%

  2. To appoint a Director in place of Ms. Shalini Nopany (DIN: 00077299), who retires by rotation and being eligible, offers herself for re-appointment.
    OrdinaryPromoters have an interest in it
    90.28% for9.72% against

    Against: promoters 0.00% · institutions 0.00% · other public 83.76%

    Turnout: all 78.46% · promoters 96.08% · institutions 0.00% · other public 33.60%

  3. To appoint Secretarial Auditor of the Company for a term of 5(five) consecutive years commencing from 1st April, 2025 till 31st March, 2030.
    Ordinary
    90.74% for9.26% against

    Against: promoters 0.00% · institutions 0.00% · other public 82.65%

    Turnout: all 81.29% · promoters 100.00% · institutions 0.00% · other public 33.60%

  4. To approve sale of equity shares of Morton Foods Limited, Material Subsidiary of the Company.
    SpecialPromoters have an interest in it
    88.06% for11.94% against

    Against: promoters 0.00% · institutions 0.00% · other public 83.75%

    Turnout: all 63.92% · promoters 75.93% · institutions 0.00% · other public 33.60%

  5. To approve material related party transactions between Morton Foods Limited, a Material Subsidiary with the related parties of the Company.
    OrdinaryPromoters have an interest in it
    86.65% for13.35% against

    Against: promoters 0.00% · institutions 0.00% · other public 83.75%

    Turnout: all 57.16% · promoters 66.57% · institutions 0.00% · other public 33.60%

  6. To approve material related party transactions between the Company and its related parties.
    OrdinaryPromoters have an interest in it
    88.06% for11.94% against

    Against: promoters 0.00% · institutions 0.00% · other public 83.75%

    Turnout: all 63.92% · promoters 75.93% · institutions 0.00% · other public 33.60%

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, 9 Aug 2024, 4 resolutions

Present: 69,12,907 promoters and 20,785 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adoptnn(a) the Audited Standalone Financial Statements of the Company for the year ended March 31, 2024 together with the Reports of the Directors and Auditors thereon;nn(b) the Audited Consolidated Financial Statements of the Company for the year ended March 31, 2024 together with the Report of the Auditors thereon.nMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.45% · promoters 100.00% · institutions 0.00% · other public 4.67%

  2. To appoint a Director in place of Mr. Chand Bihari Patodia (DIN: 01389238), 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 0.06%

    Turnout: all 73.45% · promoters 100.00% · institutions 0.00% · other public 4.67%

  3. Re- appointment of Mr. Suresh Kumar Khandelia (DIN: 00373797) as an Independent Director for a second term of five consecutive years with effect from February 07, 2025 till February 06, 2030, not liable to retire by rotation.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 73.45% · promoters 100.00% · institutions 0.00% · other public 4.67%

  4. To approve material related party transactions of material subsidiary with certain promoter group entities
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 73.45% · promoters 100.00% · institutions 0.00% · other public 4.67%

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, 31 Jul 2023, 3 resolutions

Present: 32 promoters and 52 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt:nna) the Audited Standalone Financial Statements of the Company for the year ended 31st March, 2023 and the Reports of the Directors and Auditors thereon.nnb) the Audited Consolidated Financial Statements of the Company for the year ended 31st March, 2023 and the Reports of the Auditors thereon.nMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.07% · promoters 100.00% · institutions 0.00% · other public 0.81%

  2. To declare Dividend on the 8.5% Non-Convertible Cumulative Redeemable Preference Shares of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.07% · promoters 100.00% · institutions 0.00% · other public 0.81%

  3. To appoint a Director in place of Mrs Shalini Nopany (DIN: 00077299) who retires by rotation and, being eligible, seeks re-appointment.
    Ordinary
    94.30% for5.70% against

    Against: promoters 0.00% · institutions 0.00% · other public 95.16%

    Turnout: all 76.43% · promoters 100.00% · institutions 0.00% · other public 16.72%

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 May 2023, 1 resolution

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

  1. Appointment of Mr. Chand Bihari Patodia (DIN: 01389238) as Managing Director of the Company.
    Special
    86.98% for13.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 99.79%

    Turnout: all 78.25% · promoters 94.69% · institutions 0.00% · other public 37.28%

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, 19 Jul 2022, 2 resolutions

Present: 16 promoters and 29 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the :-1 - a) the Audited Standalone Financial Statements of the Company for the year ended 31st March, 2022 and the Reports of the Directors and Auditors thereon.nnnnb) the Audited Consolidated Financial Statements of the Company for the year ended 31st March, 2022 and the Reports of the Auditors thereon.nnMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.03% · promoters 100.00% · institutions 0.00% · other public 4.31%

  2. To appoint a Director in place of Mr. Chand Bihari Patodia (DIN: 01389238) who retires by rotation and, being eligible, seeks re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.03% · promoters 100.00% · institutions 0.00% · other public 4.31%

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.

Postal ballot, 13 Mar 2022, 3 resolutions

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

  1. Re-appointment of Mr Dinesh Kacholia (DIN: 07640666) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.90%

    Turnout: all 70.52% · promoters 100.00% · institutions 0.00% · other public 1.20%

  2. Re-appointment of Mr. Chhedi Lal Agarwal (DIN: 07778603) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.90%

    Turnout: all 70.52% · promoters 100.00% · institutions 0.00% · other public 1.20%

  3. Re-appointment of Mr. Arun Kumar Newar (DIN: 07778968) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.90%

    Turnout: all 70.52% · promoters 100.00% · institutions 0.00% · other public 1.20%

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.

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
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
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.