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Rajoo Engineers MD, chairman, board of directors and AGM

NSE: RAJOOENGBSE: 522257Industrial ManufacturingSmall Cap

Last close ₹57.43up ₹0.06 (0.10%)BSE ₹57.79

Share price at the NSE close on 23 Oct 2026. Previous close ₹57.37.

52-week range of traded prices to 23 Oct 2026
₹46.00Low, 30 Mar 2026₹93.09High, 31 Oct 2025
Market cap
₹1,026 Cr1,440th largest listed
P/E
21.5
P/B
3.0
Dividend yield
0.26%
ROE
18.8%
ROCE
14.6%
Debt to equity
0.07
Volume, NSE
6,70,65048.0% delivered

Rajoo Engineers 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

  • ChairpersonRajesh Nanalal Doshi
  • Managing directorKhushboo Chandrakant Doshi
  • Managing directorUtsav Kishorbhai Doshi
  • Company Secretary and Compliance OfficerKevin Dhruve

9 directors5 independent3 executive1 non-executive

  • Rajesh Nanalal Doshi · ChairpersonExecutive · joined Dec 1986 · reappointed Jun 2026 · 1 listed board
  • Khushboo Chandrakant Doshi · Managing directorExecutive · joined Jan 2012 · reappointed Jun 2026 · 1 listed board
  • Utsav Kishorbhai Doshi · Managing directorExecutive · joined May 2016 · reappointed Jun 2026 · 1 listed board
  • Pratik KothariNon-executive · joined Feb 2023 · reappointed Jun 2025 · 2 listed boards · 1 as independent · 4 committee seats, 2 as chair
  • Sureshchandra Gokaldas VajaIndependent · joined Oct 2024 · reappointed Oct 2024 · 21 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Jinal Hasmukhbhai RupaniIndependent · joined Apr 2025 · reappointed Apr 2025 · 15 months as independent · 2 listed boards · 2 as independent · 3 committee seats
  • Hasmukhlal Ambavibhai ManavadariaIndependent · joined Jun 2025 · reappointed Jun 2025 · 12 months as independent · 1 listed board · 1 as independent
  • Lakshmi RamakrishnanIndependent · joined Sep 2025 · reappointed Sep 2025 · 9 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Shital BadshahIndependent · joined Feb 2023 · reappointed Feb 2023 · 40 months as independent · 2 listed boards · 2 as independent · 4 committee seats

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.

2 directors who left
  • Sunil Jain, left 30 Jun 2026: Tenure Completion
  • Laxman Rudabhai Ajagiya, left 24 Sep 2025: Tenure Completion

Committees and meetings

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

  • Board

    • 30 Jun 20265 of 10 present5 independent · 48 days in between
    • 12 May 20265 of 10 present5 independent · 13 days in between
    • 28 Apr 20265 of 10 present5 independent · 97 days in between
    • 20 Jan 20265 of 10 present5 independent

  • Audit Committee

    Chair Sureshchandra Gokaldas Vaja

    Pratik Kothari, Shital Badshah, Jinal Hasmukhbhai Rupani

    • 30 Jun 20264 of 4 present3 independent · 62 days in between
    • 28 Apr 20264 of 4 present3 independent · 97 days in between
    • 20 Jan 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Shital Badshah

    Pratik Kothari, Sureshchandra Gokaldas Vaja, Jinal Hasmukhbhai Rupani

    • 30 Jun 20264 of 4 present3 independent · 48 days in between
    • 12 May 20263 of 4 present2 independent · 13 days in between
    • 28 Apr 20263 of 4 present2 independent

  • Stakeholders Relationship Committee

    Chair Pratik Kothari

    Shital Badshah, Sureshchandra Gokaldas Vaja, Lakshmi Ramakrishnan

    • 20 Jan 20264 of 4 present3 independent

  • Risk Management Committee

    Chair Khushboo Chandrakant Doshi

    Utsav Kishorbhai Doshi, Jinal Hasmukhbhai Rupani

    • 28 Apr 20263 of 3 present1 independent · 97 days in between
    • 20 Jan 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair Khushboo Chandrakant Doshi

    Rajesh Nanalal Doshi, Shital Badshah

    • 20 Jan 20263 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.

  • Rushabh R Shah and Co.Peer-review certificate valid to Dec 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.

Rajoo Engineers 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.Rajoo Engineers dividend history

Annual general meeting, 29 Sep 2026

66,755 shareholders on the register on 22 Sep 2026; present: 13 promoters and 23 others; votes counted by CS JANVI N. DAVDA / CS JANVI N. DAVDA.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone & Consolidated Financial Statements
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 60.98% · promoters 100.00% · institutions 6.21% · other public 0.47%

  2. Declaration of Final Dividend for FY 2025-26
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 60.98% · promoters 100.00% · institutions 6.21% · other public 0.47%

  3. Appointment of a Director retiring by rotation [Ms. Khushboo Chandrakant Doshi, (DIN: 00025581)]
    Ordinary
    100.00% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.73%

    Turnout: all 60.98% · promoters 100.00% · institutions 6.21% · other public 0.47%

  4. Appointment of a Director retiring by rotation [Mr. Utsav Kishorbhai Doshi (DIN: 00174486)]
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.41%

    Turnout: all 60.98% · promoters 100.00% · institutions 6.21% · other public 0.47%

  5. Ratification of Cost Auditor’s Remuneration for FY 2026-27
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.24%

    Turnout: all 60.98% · promoters 100.00% · institutions 6.21% · other public 0.47%

  6. To appoint Mr. Sunil Jain (DIN: 00043541) as Director (Non-Executive, Non-Independent) of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.51%

    Turnout: all 60.98% · promoters 100.00% · institutions 6.21% · other public 0.47%

  7. To approve payment of professional fees to Mr. Sunil Jain (DIN: 00043541) and Mr. Pratik Kothari (DIN: 03550736), Non-Executive Directors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.51%

    Turnout: all 60.98% · promoters 100.00% · institutions 6.21% · other public 0.47%

  8. Appointment of Mrs. Hetal Dobariya (DIN: 11914224) as a Director (Non-Executive, Independent) of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 60.98% · promoters 100.00% · institutions 6.21% · other public 0.47%

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, 29 May 2026, 3 resolutions

67,258 shareholders on the register on 24 Apr 2026; votes counted by CS JANVI N. DAVDA / CS JANVI N. DAVDA.The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Rajesh N. Doshi as Chairman & Executive Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.87%

    Turnout: all 61.20% · promoters 100.00% · institutions 16.91% · other public 0.27%

  2. Re-appointment of Ms. Khushboo C. Doshi as Managing Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.72%

    Turnout: all 61.20% · promoters 100.00% · institutions 16.91% · other public 0.27%

  3. Re-appointment of Mr. Utsav K. Doshi as Joint Managing Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.60%

    Turnout: all 61.20% · promoters 100.00% · institutions 16.91% · other public 0.27%

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, 19 Dec 2025, 1 resolution

64,045 shareholders on the register on 14 Nov 2025; votes counted by CS JANVI N. DAVDA / CS JANVI N. DAVDA.The company's voting result (opens in a new tab)

  1. Appointment of Ms. Lakshmi Ramakrishnan (DIN: 02632837) as a Non-Executive Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.66%

    Turnout: all 61.42% · promoters 100.00% · institutions 20.06% · other public 0.29%

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, 27 Sep 2025, 9 resolutions

61,166 shareholders on the register on 19 Sep 2025; present: 10 promoters and 22 others; votes counted by CS Nirav D. Vekariya / CS Nirav D. Vekariya.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 61.07% · promoters 100.00% · institutions 3.43% · other public 0.64%

  2. Adoption of the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 together with the Report of Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 61.07% · promoters 100.00% · institutions 3.43% · other public 0.64%

  3. Declaration of Final Dividend for FY 2024-25
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 61.07% · promoters 100.00% · institutions 3.43% · other public 0.64%

  4. Appointment of Mr. Rajesh Nanalal Doshi (DIN: 00026140) as Director, liable to retire by rotation
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 4.91% · other public 0.27%

    Turnout: all 61.07% · promoters 100.00% · institutions 3.43% · other public 0.64%

  5. Appointment of Mr. Sunil Jain (DIN: 00043541) as Director, liable to retire by rotation
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 4.91% · other public 0.27%

    Turnout: all 61.07% · promoters 100.00% · institutions 3.43% · other public 0.64%

  6. Ratification of Cost Auditor’s Remuneration for FY 2025-26.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 61.07% · promoters 100.00% · institutions 3.43% · other public 0.64%

  7. To appoint CS Nirav D. Vekariya, Practising Company Secretary (Membership No. F11660, CP No. 17709) as Secretarial Auditors of the Company for a term of five consecutive years from financial year 2025-26:MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 61.07% · promoters 100.00% · institutions 3.43% · other public 0.64%

  8. Authorisation under Section 186 of the Companies Act, 2013 for loans, guarantees securities and investments exceeding prescribed limits:
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.25%

    Turnout: all 61.07% · promoters 100.00% · institutions 3.43% · other public 0.64%

  9. Increase in the overall limit of remuneration payable to Directors under Section 197 of the Companies Act, 2013.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 4.91% · other public 0.32%

    Turnout: all 61.07% · promoters 100.00% · institutions 3.43% · other public 0.64%

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, 8 Sep 2025, 1 resolution

56,742 shareholders on the register on 7 Aug 2025; votes counted by CS Nirav D. Vekariya / CS Nirav D. Vekariya.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Hasmukhlal Ambavibhai Manavadaria (DIN: 11155297) as a Non-Executive Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.98%

    Turnout: all 60.44% · promoters 98.38% · institutions 12.71% · other public 0.17%

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 Jun 2025, 2 resolutions

49,030 shareholders on the register on 30 Apr 2025; votes counted by CS Nirav D. Vekariya / CS Nirav D. Vekariya.The company's voting result (opens in a new tab)

  1. Appointment of CA Jinal Hasmukhbhai Rupani (DIN: 11029766) as a Non-Executive Independent Director of the Company.
    Special
    100.00% for0.00% against

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

    Turnout: all 66.46% · promoters 100.00% · institutions 31.42% · other public 0.15%

  2. Approval of change in designation of Mr. Pratik Rajendrabhai Kothari (DIN: 03550736) from Non-Executive Independent Director to Non-Executive Non-Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.51%

    Turnout: all 66.46% · promoters 100.00% · institutions 31.42% · other public 0.15%

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
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
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 Sep 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.

RaisedAmount raisedForSet asideSpentSpent elsewhere
QIPJul 2025, checked by Care Ratings Limited160.00––No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.