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Responsive Industries CEO, MD, chairman, board of directors and AGM

NSE: RESPONINDBSE: 505509Consumer DurablesSmall Cap

Last close ₹141.32down ₹3.41 (2.36%)BSE ₹141.95

Share price at the NSE close on 23 Oct 2026. Previous close ₹144.73.

52-week range of traded prices to 23 Oct 2026
₹117.25Low, 2 Apr 2026₹240.90High, 20 Jul 2026
Market cap
₹3,768 Cr811th largest listed
P/E
37.2
P/B
2.4
Dividend yield
0.07%
ROE
7.0%
ROCE
6.9%
Debt to equity
0.12
Volume, NSE
2,30,50825.6% delivered

Responsive Industries board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonAAYUSH AGARWALRelated to the promoter
  • Chief executiveMEHUL LALJIBHAI VALA
  • Company Secretary and Compliance OfficerJayesh Jain

7 directors4 independent2 executive1 non-executive

  • AAYUSH AGARWAL · ChairpersonNon-executive · joined May 2026 · reappointed May 2026 · 1 listed board · 1 committee seat, 1 as chair
  • MEHUL LALJIBHAI VALA · Chief executiveExecutive · joined Feb 2019 · reappointed Feb 2025 · 1 listed board
  • SADANAND RAGHAVENDRA MORABExecutive · joined Nov 2022 · reappointed Nov 2022 · 1 listed board · 1 committee seat
  • SANJIV SWARUPIndependent · joined Oct 2022 · reappointed Oct 2022 · 47 months as independent · 7 listed boards · 7 as independent · 9 committee seats, 4 as chair
  • AJAY PRATAPRAY SHANGHAVIIndependent · joined Nov 2025 · reappointed Nov 2025 · 10 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 2 as chair
  • JENY VINOD GOWADIAIndependent · joined Feb 2026 · reappointed Feb 2026 · 7 months as independent · 6 listed boards · 6 as independent · 9 committee seats, 1 as chair
  • BAJRANG LAL BAJAJIndependent · joined Jul 2026 · reappointed Jul 2026 · 2 months as independent · 2 listed boards · 2 as independent · 2 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.

3 directors who left
  • RISHABH AGARWAL, left 26 May 2026: Others
  • MITA JHA, left 21 Dec 2025: Others
  • ANITA RAHUL SHANTARAM, left 5 Nov 2025: Others

Committees and meetings

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

  • Board

    • 17 Sep 20265 of 7 present3 independent · 33 days in between
    • 14 Aug 20266 of 7 present3 independent · 20 days in between
    • 24 Jul 20266 of 6 present3 independent · 58 days in between
    • 26 May 20265 of 6 present2 independent · 14 days in between
    3 earlier meetings
    • 11 May 20263 of 6 present1 independent · 6 days in between
    • 4 May 20263 of 6 present2 independent · 20 days in between
    • 13 Apr 20265 of 6 present3 independent
  • Audit Committee

    Chair SANJIV SWARUP

    AJAY PRATAPRAY SHANGHAVI, BAJRANG LAL BAJAJ

    • 14 Aug 20262 of 3 present2 independent · 20 days in between
    • 24 Jul 20264 of 4 present3 independent · 58 days in between
    • 26 May 20263 of 3 present2 independent · 42 days in between
    • 13 Apr 20263 of 3 present2 independent
  • Nomination and remuneration committee

    Chair SANJIV SWARUP

    AJAY PRATAPRAY SHANGHAVI, AAYUSH AGARWAL, BAJRANG LAL BAJAJ

    • 24 Jul 20263 of 3 present2 independent · 58 days in between
    • 26 May 20262 of 4 present2 independent · 21 days in between
    • 4 May 20262 of 4 present2 independent · 20 days in between
    • 13 Apr 20263 of 4 present3 independent
  • Stakeholders Relationship Committee

    Chair AAYUSH AGARWAL

    JENY VINOD GOWADIA, AJAY PRATAPRAY SHANGHAVI, SADANAND RAGHAVENDRA MORAB

    • 14 Aug 20264 of 4 present2 independent · 79 days in between
    • 26 May 20262 of 4 present1 independent
  • Risk Management Committee

    Chair AAYUSH AGARWAL

    MEHUL LALJIBHAI VALA, JENY VINOD GOWADIA, BAJRANG LAL BAJAJ

    • 26 May 20262 of 4 present1 independent
  • Corporate Social Responsibility Committee

    Chair AAYUSH AGARWAL

    JENY VINOD GOWADIA, MEHUL LALJIBHAI VALA, SANJIV SWARUP

    • 26 May 20262 of 4 present1 independent
  • Buy-Back Committee

    • 17 Sep 20263 of 3 present1 independent · 113 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.

  • M/s. Shah & Taparia, Chartered AccpountantsPeer-review certificate valid to Sep 2027
1 earlier auditor
  • M/s. Shah & Taparia, Chartered AccountantsNamed in filings from Mar 2025 to Dec 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.

Responsive Industries 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.Responsive Industries dividend history

Annual general meeting, 24 Aug 2026

18,106 shareholders on the register on 17 Aug 2026; present: 0 promoters and 41 others; votes counted by Mayank Arora / Mayank Arora & Co., Company Secretaries.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements for the financial year 2025-26 and reports thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 61.06% · promoters 97.70% · institutions 30.68% · other public 0.00%

  2. Declaration of final dividend for the financial year ended march 31, 2026
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 61.06% · promoters 97.70% · institutions 30.68% · other public 0.00%

  3. Appointment of Mr. Sadanand Morab (DIN: 09790817) as a director liable to retire by rotation
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.12% · other public 0.14%

    Turnout: all 61.06% · promoters 97.70% · institutions 30.68% · other public 0.00%

  4. Ratification of remuneration of Cost Auditors for the financial year 2026-27
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 61.06% · promoters 97.70% · institutions 30.68% · other public 0.00%

  5. Appointment of Mr. Aayush Agarwal (DIN: 11031351) as Non-Executive Non-Independent Director & Chairperson of the company
    OrdinaryPromoters have an interest in it
    99.56% for0.44% against

    Against: promoters 0.00% · institutions 0.44% · other public 0.28%

    Turnout: all 3.28% · promoters 0.00% · institutions 30.68% · other public 0.00%

  6. Appointment of Mr. Bajrang Lal Bajaj (DIN: 00041909) as Non-Executive Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 21.24%

    Turnout: all 61.06% · promoters 97.70% · institutions 30.68% · other public 0.00%

  7. Alteration of Memorandum of Association of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 61.06% · promoters 97.70% · institutions 30.68% · other public 0.00%

  8. Alteration of Articles of Association of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 61.06% · promoters 97.70% · institutions 30.68% · other public 0.00%

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 Apr 2026, 1 resolution

16,730 shareholders on the register on 6 Mar 2026; votes counted by Mayank Arora / Mayank Arora & Co., Company Secretaries.The company's voting result (opens in a new tab)

  1. Appointment of Ms. Jeny Vinod Kumar Gowadia (DIN: 03014009) as a Non-Executive Independent Director of the Company for a term of five years
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.67%

    Turnout: all 61.10% · promoters 97.70% · institutions 30.56% · other public 0.00%

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, 4 Jan 2026, 1 resolution

17,670 shareholders on the register on 28 Nov 2025; votes counted by Mayank Arora / Mayank Arora & Co., Company Secretaries.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Ajay Pratapray Shanghavi (DIN: 00084653) as a Non-Executive Independent Director for a term of five years
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.01%

    Turnout: all 61.21% · promoters 97.70% · institutions 9.22% · 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.

Annual general meeting, 19 Sep 2025, 5 resolutions

17,922 shareholders on the register on 12 Sep 2025; present: 0 promoters and 63 others; votes counted by Mayank Arora / Mayank Arora & Co., Company Secretaries.The company's voting result (opens in a new tab)

  1. Adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2025, 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 0.00%

    Turnout: all 61.26% · promoters 97.70% · institutions 38.52% · other public 0.00%

  2. Declaration of Final Dividend on Equity Shares of the Company at the rate of Re.0.10/- per equity share (10%) for the financial year 2024-25.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 61.26% · promoters 97.70% · institutions 38.52% · other public 0.00%

  3. Re-appointment of Mr. Rishabh Agarwal (DIN: 05011607), who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 1.50% · other public 0.00%

    Turnout: all 61.26% · promoters 97.70% · institutions 38.52% · other public 0.00%

  4. Appointment of M/s. Mayank Arora & Co., Company Secretaries as Secretarial Auditor of the Company for a term of 5 (five) consecutive years from FY 2025-26 till FY 2029-30.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 61.26% · promoters 97.70% · institutions 38.52% · other public 0.00%

  5. Ratification of remuneration of M/s. S. K. Agarwal & Associates, Cost Accountants, Cost Auditors for financial year 2025-26.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 61.26% · promoters 97.70% · institutions 38.52% · other public 0.00%

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, 26 Apr 2025, 2 resolutions

18,452 shareholders on the register on 21 Mar 2025; votes counted by Mayank Arora / M/s. Mayank Arora & Co., Company Secretaries.The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Mehul Vala (DIN: 08361696) as a Whole-Time Director & Chief Executive Officer (“CEO”) of the Company and payment of remuneration
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.95% · other public 12.32%

    Turnout: all 61.41% · promoters 98.63% · institutions 10.34% · other public 0.02%

  2. Conversion of loan into equity, in case of default in repayment of loan
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.11% · other public 17.72%

    Turnout: all 61.41% · promoters 98.63% · institutions 10.34% · 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.

Annual general meeting, 13 Sep 2024, 5 resolutions

Present: 0 promoters and 54 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: the Audited Financial Statements (Standalone and Consolidated) of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.62% · other public 0.03%

    Turnout: all 61.40% · promoters 97.70% · institutions 10.30% · other public 0.02%

  2. To declare dividend on equity shares of the Company at the rate of Re.0.10/- per equity share (10%) for the financial year 2023-24.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 61.40% · promoters 97.70% · institutions 10.30% · other public 0.02%

  3. To appoint a Director in place of Mr. Rishabh Agarwal (DIN 05011607), who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.62% · other public 0.03%

    Turnout: all 61.40% · promoters 97.70% · institutions 10.30% · other public 0.02%

  4. Re-appointment of M/s. Shah & Taparia, Chartered Accountants (FRN No. 109463W) as the Statutory Auditors of the Company and to fix their remuneration.
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.62% · other public 0.03%

    Turnout: all 61.40% · promoters 97.70% · institutions 10.30% · other public 0.02%

  5. Ratification of remuneration of M/s. S. K. Agarwal & Associates, Cost Accountants, Cost Auditors for financial year 2024-25.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 61.40% · promoters 97.70% · institutions 10.30% · 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.

Postal ballot, 28 Mar 2024, 1 resolution

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

  1. Appointment of Dr. Anita Shantaram (Din: 00786517) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.19%

    Turnout: all 61.42% · promoters 97.70% · institutions 10.37% · 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.

Annual general meeting, 15 Sep 2023, 4 resolutions

Present: 3 promoters and 52 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 March 31, 2023, together with the Reports of the Board of Directors and the Auditors thereon;n(b) – To receive, consider and adopt: the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023, together with the Report of the Auditors thereon.nMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 31.80%

    Turnout: all 61.76% · promoters 98.66% · institutions 36.10% · other public 0.00%

  2. To declare dividend on equity shares of the Company at the rate of Re. 0.10 per equity share (10%) for the financial year 2022-23.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 31.80%

    Turnout: all 61.76% · promoters 98.66% · institutions 36.10% · other public 0.00%

  3. To appoint a Director in place of Mr. Rishabh Agarwal (DIN 05011607), 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 32.64%

    Turnout: all 61.76% · promoters 98.66% · institutions 36.10% · other public 0.00%

  4. To approve remuneration of M/s. S. K. Agarwal & Associates, Cost Accountants, Cost Auditors of the Company for the financial year ending 31st March, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 31.80%

    Turnout: all 61.76% · promoters 98.66% · institutions 36.10% · other public 0.00%

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.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 11 Apr 2026, 1 fund house

  • Appointment of Ms. Jeny Vinod Kumar Gowadia (DIN: 03014009) as a Non-Executive Independent Director of the Company for a term of five years
    1 for0 against

Mutual fund votes, meeting of 4 Jan 2026, 1 fund house

  • Appointment of Mr. Ajay Pratapray Shanghavi (DIN: 00084653) as a Non-Executive Independent Director for a term of five years
    1 for0 against
4 earlier meetings

Mutual fund votes, meeting of 19 Sep 2025, 5 fund houses

  • Adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2025, the reports of the Board of Directors and Auditors thereon.
    5 for0 against
  • Declaration of Final Dividend on Equity Shares of the Company at the rate of Re.0.10/- per equity share (10%) for the financial year 2024-25.
    5 for0 against
  • Re-appointment of Mr. Rishabh Agarwal (DIN: 05011607), who retires by rotation and being eligible, offers himself for re-appointment.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundSRC Chairperson absent from AGM; Governance Concern: A director who is the Board and SRC Chairperson absent from last four (4) AGMs of the Company.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on merits of the proposed Appointee. Non-Compliant with SEBI (LODR) Regulation: SRC Chairperson absent from AGM; Governance Concern: A director who is the Board and SRC Chairperson absent from last four (4) AGMs of the Company.
    1 for4 against
  • Appointment of M/s. Mayank Arora & Co., Company Secretaries as Secretarial Auditor of the Company for a term of 5 (five) consecutive years from FY 2025-26 till FY 2029-30.
    5 for0 against
  • Ratification of remuneration of M/s. S. K. Agarwal & Associates, Cost Accountants, Cost Auditors for financial year 2025-26.
    5 for0 against

Mutual fund votes, meeting of 26 Apr 2025, 5 fund houses

  • Re-appointment of Mr. Mehul Vala (DIN: 08361696) as a Whole-Time Director & Chief Executive Officer (“CEO”) of the Company and payment of remuneration
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundTransparency Concern: Attendance details not disclosed for Board meetings held during FY 2024-25.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundRe-appointment compliant with law. No concern on the merits of proposed appointee. Transparency Concern: Attendance details not disclosed for Board meetings held during FY 2024-25.
    1 for4 against
  • Conversion of loan into equity, in case of default in repayment of loan
    5 for0 against

Mutual fund votes, meeting of 13 Sep 2024, 3 fund houses

  • To receive, consider and adopt: the Audited Financial Statements (Standalone and Consolidated) of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundUnqualified financial statements. (No Remark on CARO). Non-Compliant with Companies Act, 2013 & SEBI LODR Regulations: Non-disclosure of financial statements of one subsidiary for FY 2023-24 on website.
    0 for3 against
  • To declare dividend on equity shares of the Company at the rate of Re.0.10/- per equity share (10%) for the financial year 2023-24.
    3 for0 against
  • To appoint a Director in place of Mr. Rishabh Agarwal (DIN 05011607), who retires by rotation and being eligible, offers himself for re-appointment.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on merits of the proposed appointee. Non-compliant with SEBI LODR Regulation: SRC Chairperson absent from AGM; Governance Concern: A director who is the Board and SRC Chairperson absent from last three AGMs of the Company.
    0 for3 against
  • Re-appointment of M/s. Shah & Taparia, Chartered Accountants (FRN No. 109463W) as the Statutory Auditors of the Company and to fix their remuneration.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual FundNon-Compliant with Regulation 36(5) of SEBI LODR Regulations, 2015: Proposed audit fee of auditors not disclosed. Non- Compliant with Section 101 of Companies Act, 2013: No time-gap of 21 clear days between the date of corrigendum and date of AGM.
    • Groww Mutual Fund, Motilal Oswal Mutual FundAppointment compliant with law. Governance concern & Transparency Concern: No adequate justification for the Material changes in the Audit remuneration.
    0 for3 against
  • Ratification of remuneration of M/s. S. K. Agarwal & Associates, Cost Accountants, Cost Auditors for financial year 2024-25.
    3 for0 against

Mutual fund votes, meeting of 28 Mar 2024, 2 fund houses

  • Appointment of Dr. Anita Shantaram (Din: 00786517) as an Independent Director of the Company
    2 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

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.