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Renaissance Global MD, chairman, board of directors and AGM

NSE: RGLBSE: 532923Consumer DurablesSmall Cap

Formerly Renaissance Jewellery
Last close ₹145.79down ₹15.56 (9.64%)BSE ₹146.05

Share price at the NSE close on 23 Oct 2026. Previous close ₹161.35.

52-week range of traded prices to 23 Oct 2026
₹85.00Low, 23 Mar 2026₹173.80High, 23 Sep 2026
Market cap
₹1,566 Cr1,395th largest listed
P/E
14.4
P/B
1.0
Dividend yield
Nonein the last 12 months
ROE
7.5%
ROCE
8.2%
Debt to equity
0.32
Volume, NSE
10,29,22349.7% delivered

Renaissance Global 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

  • ChairpersonSumit Niranjankumar ShahRelated to the promoter
  • Managing directorDarshil Atul Shah
  • Company Secretary and Compliance OfficerVishal Dhokar

8 directors4 independent2 executive2 non-executive

  • Sumit Niranjankumar Shah · ChairpersonNon-executive · joined Feb 2006 · 1 listed board
  • Hitesh Mahendrakumar ShahNon-executive · joined Jan 2006 · reappointed Apr 2017 · 1 listed board · 1 committee seat
  • Neville Rustom TataExecutive · joined Feb 2006 · 1 listed board
  • Darshil Atul Shah · Managing directorExecutive · joined Dec 2021 · reappointed Jan 2025 · 1 listed board
  • Bijou KurienIndependent · joined May 2023 · reappointed May 2023 · 37 months as independent · 7 listed boards · 6 as independent · 9 committee seats, 5 as chair
  • Deepak Prabhakar ChindarkarIndependent · joined Jul 2024 · reappointed Jul 2024 · 23 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • Rupal Dhiren JhaveriIndependent · joined Aug 2024 · reappointed Aug 2024 · 22 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Rahul Rama NarangIndependent · joined Aug 2024 · reappointed Aug 2024 · 22 months as independent · 1 listed board · 1 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.

Committees and meetings

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

  • Board

    • 28 May 20267 of 8 present3 independent · 104 days in between
    • 12 Feb 20266 of 8 present2 independent · 15 days in between
    • 27 Jan 20268 of 8 present4 independent

  • Audit Committee

    Chair Deepak Prabhakar Chindarkar

    Bijou Kurien, Rupal Dhiren Jhaveri

    • 28 May 20263 of 3 present3 independent · 104 days in between
    • 12 Feb 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair Bijou Kurien

    Rupal Dhiren Jhaveri, Rahul Rama Narang

    • 25 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Deepak Prabhakar Chindarkar

    Hitesh Mahendrakumar Shah, Rahul Rama Narang

    • 27 May 20263 of 3 present2 independent · 103 days in between
    • 12 Feb 20263 of 3 present2 independent

  • Risk Management Committee

    Chair Hitesh Mahendrakumar Shah

    Bijou Kurien, Rahul Rama Narang

    • 12 Feb 20263 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair Hitesh Mahendrakumar Shah

    Darshil Atul Shah, Rupal Dhiren Jhaveri

    • 27 May 20263 of 3 present1 independent · 103 days in between
    • 12 Feb 20263 of 3 present0 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.

  • Chaturvedi and Shah LLP, Chartered AccountantsPeer-review certificate valid to Jun 2026

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.

Renaissance Global 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.Renaissance Global dividend history

Annual general meeting, 18 Sep 2026

23,035 shareholders on the register on 11 Sep 2026; present: 16 promoters and 30 others; votes counted by V. V. Charadeo / V V Chakradeo & Co..The company's voting result (opens in a new tab)

  1. To consider and adopt (a) the audited financial statement of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon; and (b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2026 and the report of Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 55.08% · promoters 80.60% · institutions 41.06% · other public 9.89%

  2. To appoint Mr. Neville Tata (DIN:00036648), who retires by rotation at this Annual General Meeting and being eligible offers himself for re-appointment as Director of the Company.
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 1.03% · other public 0.00%

    Turnout: all 55.08% · promoters 80.60% · institutions 41.06% · other public 9.89%

  3. To approve the increase in and to pay management consultancy fee of Mr. Hitesh Shah DIN: 00036338), a related party
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 51.96% · promoters 75.57% · institutions 41.06% · other public 9.89%

  4. To re-appoint Mr. Neville Tata as Whole Time Director of the Company for the period of five years.
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 1.03% · other public 0.00%

    Turnout: all 55.08% · promoters 80.60% · institutions 41.06% · other public 9.89%

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, 18 Sep 2025, 4 resolutions

21,142 shareholders on the register on 11 Sep 2025; present: 16 promoters and 65 others; votes counted by V. V. Charadeo / V V Chakradeo & Co..The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (including the consolidated financial statements) of the Company for the financial year ended March 31, 2025 together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.95% · promoters 99.26% · institutions 0.02% · other public 12.48%

  2. To appoint a director in place of Mr. Sumit Shah (DIN:00036387), who retires by rotation at this Annual General Meeting and being eligible offers himself for re-appointment.
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 20.79% · promoters 26.26% · institutions 0.02% · other public 12.48%

  3. To appoint M/s V. V. Chakradeo & Co., a firm of Practicing Company Secretaries as Secretarial Auditor of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 65.95% · promoters 99.26% · institutions 0.02% · other public 12.48%

  4. To pay remuneration to Mr Hitesh Shah (DIN:00036338) a Non-Independent and Non- Executive Director (promoter), of the Company.
    Special
    100.00% for0.00% against

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

    Turnout: all 62.83% · promoters 94.21% · institutions 0.02% · other public 12.48%

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 Feb 2025, 3 resolutions

21,431 shareholders on the register on 3 Jan 2025; votes counted by V. V. Chakradeo / V V Chakradeo & Co..The company's voting result (opens in a new tab)

  1. To approve appointment of Mr. Darshil Shah (DIN: 08030313) as Managing Director of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 69.23% · promoters 100.00% · institutions 0.00% · other public 11.16%

  2. To approve appointment of Mr. Hitesh Shah as Management Consultant and payment of Consultancy fees to him
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 68.54% · promoters 94.69% · institutions 0.00% · other public 19.46%

  3. To approve modification of overall Managerial Remuneration limits U/S 197(1) of Companies Act, 2013
    Special
    99.97% for0.03% against

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

    Turnout: all 13.18% · promoters 14.61% · institutions 0.00% · other public 10.77%

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.

Extraordinary general meeting, 16 Nov 2024, 1 resolution

Present: 10 promoters and 43 others.The company's voting result (opens in a new tab)

  1. Issuance of 1,12,49,039 Equity Shares aggregating to ¿ 1,68,73,55,850 on Preferential Basis
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 72.63% · promoters 100.00% · institutions 0.00% · other public 21.11%

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, 12 Sep 2024, 5 resolutions

Present: 8 promoters and 66 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (including the consolidated financial statements) 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
    100.00% for0.00% against

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

    Turnout: all 75.85% · promoters 100.00% · institutions 0.00% · other public 28.71%

  2. To appoint a director in place of Mr. Darshil Shah (DIN: 08030313), who retires by rotation
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 73.07% · promoters 100.00% · institutions 0.00% · other public 20.18%

  3. To approve the appointment of Mr. Deepak Chindarkar (DIN:03573562) – Additional Director, designated as Non-Executive- Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 75.85% · promoters 100.00% · institutions 0.00% · other public 28.71%

  4. To approve the appointment of Mrs. Rupal D. Jhaveri (DIN: 00910968) – Additional Director, designated as Non-Executive- Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 75.85% · promoters 100.00% · institutions 0.00% · other public 28.71%

  5. To approve the appointment of Mr. Rahul Rama Narang (DIN: 00029995) – Additional Director, designated as Non-Executive- Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 75.85% · promoters 100.00% · institutions 0.00% · other public 28.71%

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, 10 Sep 2023, 1 resolution

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

  1. To issue and allot equity shares on Preferential Basis.
    Special
    99.99% for0.01% against

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

    Turnout: all 78.52% · promoters 100.00% · institutions 0.00% · other public 28.15%

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.

Annual general meeting, 10 Aug 2023, 5 resolutions

Present: 7 promoters and 65 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (including the consolidated 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.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.10% · promoters 100.00% · institutions 0.00% · other public 30.26%

  2. Re-appointment of Mr. Neville Tata (DIN:00036648), who retires by rotation
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.10% · promoters 100.00% · institutions 0.00% · other public 30.26%

  3. Reappointment of M/s Chaturvedi and Shah LLP, Chartered Accountants (Firm Registration No: 101720W/W100355), as statutory auditors of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.10% · promoters 100.00% · institutions 0.00% · other public 30.26%

  4. To approve the appointment of Mr. Bijou Kurien (DIN: 01802995) – Additional Director, designated as Non-Executive- Independent Director of the Company.
    Special
    100.00% for0.00% against

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

    Turnout: all 79.10% · promoters 100.00% · institutions 0.00% · other public 30.26%

  5. To increase the overall maximum limit of managerial remuneration.
    Special
    100.00% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 15.20% · promoters 12.99% · institutions 0.00% · other public 21.98%

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, 4 Aug 2022, 7 resolutions

Present: 9 promoters and 60 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (including the consolidated financial statements) of the Company for the financial year ended March 31, 2022 together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.41% · promoters 100.00% · institutions 0.00% · other public 31.73%

  2. To confirm and approve Interim Dividend of 55% i.e Rs. 5.50/- per Equity Share paid during the financial year 2021-22 and to declare a Final Dividend of 30% i.e. Rs. 3.00/- per Equity Share pre subdivision /split for the financial year ended March 31, 2022.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.41% · promoters 100.00% · institutions 0.00% · other public 31.73%

  3. Re-appointment of Mr. Sumit Shah (DIN:0036387), who retires by rotation
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 25.62% · promoters 23.85% · institutions 0.00% · other public 31.73%

  4. To approve the appointment of Mr. Darshil Shah (DIN: 08030313) – Additional Director, as a Whole Time Director, designated as Executive Director of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.72% · promoters 99.19% · institutions 0.00% · other public 24.03%

  5. To re-appoint Mr. Hitesh M. Shah as Whole Time Director designated as Managing Director.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 72.34% · promoters 89.98% · institutions 0.00% · other public 31.73%

  6. To re-appoint Mr. Neville Tata as Whole Time Director designated as Executive Director of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 79.28% · promoters 100.00% · institutions 0.00% · other public 31.25%

  7. To approve the remuneration of Mr. Niranjan Shah as the Chairman Emeritus.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 22.93% · promoters 20.04% · institutions 0.00% · other public 31.73%

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
Yes
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 Jun 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhereReason and comments
Preferential IssuesDec 2024, checked by CRISIL RATINGS LIMITED163.49To invest in business growth opportunities of the Company i.e. Acquisitions/Joint Ventures (JVs) directly or through a subsidiary, Funding of Capital Expenditure (Capex) for purchase of plant and machinery, equipment’s, manufacturing units, building, land, premises etc. and Refurbishment and Renovation of Company Assets.26.6326.63NoAudit committee: No. The Audit Committee has noted there was no deviation variation in the utilization of funds raised through Preferential Issue of Shares
Preferential IssuesDec 2024, checked by CRISIL RATINGS LIMITED163.49To invest in following subsidiaries of the Company: Verigold Jewellery FZCO, Renaissance Jewelry New York Inc., RD2C Ventures Inc., Renaissance FMI Inc.88.3788.37NoAudit committee: No. The Audit Committee has noted there was no deviation variation in the utilization of funds raised through Preferential Issue of Shares
Preferential IssuesDec 2024, checked by CRISIL RATINGS LIMITED163.49und Raising Expenses such as professional fees payable to Advisors/ Merchant Bankers, Credit Rating Agency and other intermediaries.15.0015.00NoAudit committee: No. The Audit Committee has noted there was no deviation variation in the utilization of funds raised through Preferential Issue of Shares
Preferential IssuesDec 2024, checked by CRISIL RATINGS LIMITED163.49Meet general corporate purposes of the Company and /or its subsidiaries33.4933.49NoAudit committee: No. The Audit Committee has noted there was no deviation variation in the utilization of funds raised through Preferential Issue of Shares
₹ 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.