Rhetan TMT MD, chairman, board of directors and AGM
NSE: RHETANBSE: 543590Industrial ProductsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹15.70.
- 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.
- ₹1,189 Cr1,134th 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 12 Aug 2026
- 93.6
- 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 2 May 2026
- 10.9
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- 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 12 Aug 2026
- 12.5%
- 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 12 Aug 2026
- 3.2%
- 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 2 May 2026
- 0.38
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 4,36,602100.0% delivered
Rhetan TMT 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
- Managing directorShalin Ashok Shah
- ChairpersonAshok Chinubhai ShahRelated to the promoter
- Company Secretary and Compliance OfficerMr. Tanuj Jain
6 directors4 independent1 executive1 non-executive
- Shalin Ashok Shah · Managing directorExecutive · joined Nov 1996 · 5 listed boards · 5 committee seats, 1 as chair
- Ashok Chinubhai Shah · ChairpersonNon-executive · joined Nov 2013 · 5 listed boards · 4 committee seats
- Rushabh Rajnikantbhai ShahIndependent · joined Jan 2022 · reappointed Jan 2022 · 56 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 2 as chair
- Jhanvi Vikas SethiIndependent · joined Aug 2026 · reappointed Aug 2026 · 50 months as independent · 4 listed boards · 4 as independent
- Swapnil Sharad ShimpiIndependent · joined Nov 2025 · reappointed Nov 2025 · 10 months as independent · 4 listed boards · 3 as independent · 2 committee seats, 2 as chair
- Yash Vishwanath BodadeIndependent · joined Aug 2024 · reappointed Aug 2024 · 25 months as independent · 3 listed boards · 3 as independent · 2 committee seats, 2 as chair
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
- Deeepti Ghanshyam Gavali, left 7 Aug 2026: Others
- Paragkumar Prakashchandra Raval, left 11 Aug 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 12 Aug 20265 of 5 present3 independent
- 6 Jun 20266 of 6 present4 independent
- 2 May 20266 of 6 present4 independent
Audit Committee
Chair Rushabh Rajnikantbhai Shah
Yash Vishwanath Bodade, Ashok Chinubhai Shah
- 12 Aug 20263 of 3 present2 independent · 101 days in between
- 2 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Rushabh Rajnikantbhai Shah
Yash Vishwanath Bodade, Ashok Chinubhai Shah
- 12 Aug 20263 of 3 present2 independent
- 6 Jun 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Rushabh Rajnikantbhai Shah
Yash Vishwanath Bodade, Ashok Chinubhai Shah
- 12 Aug 20263 of 3 present2 independent
- 2 May 20263 of 3 present2 independent
Risk Management Committee
Chair Shalin Ashok Shah
Rushabh Rajnikantbhai Shah, Ashok Chinubhai Shah
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair Rushabh Rajnikantbhai Shah
Shalin Ashok Shah, Ashok Chinubhai Shah
- 2 May 20263 of 3 present2 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.
- GMCA & Co.Peer-review certificate valid to May 2026
1 earlier auditor
- M/S GMCA & CO.Named in filings from Mar 2025 to Sep 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.
Rhetan TMT 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.Rhetan TMT share news and announcements
Annual general meeting, 16 Sep 2026
84,748 shareholders on the register on 9 Sep 2026; present: 5 promoters and 51 others; votes counted by Chintan K Patel / Chintan K Patel.The company's voting result (opens in a new tab)
To receive, consider and adopt the Financial Statements of the Company for the year ended 31st March, 2026 including Audited Balance Sheet as at 31st March, 2026 and Statement of Profit and Loss and the Cash Flow Statement for the year ended on that date and 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 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%
- Re-appointment of Mr. Ashok C. Shah (DIN: 02467830), Non-Executive Director of the Company, who is liable to retire by rotation and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%
- Re-Appointment of Statutory Auditors and fixations of its Remuneration.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%
- Re-appointment of Mr. Shalin Ashok Shah (DIN:00297447) as Managing Director of the CompanySpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%
- Regularization of Appointment of Mrs. Jhanvi Vikas Sethi (DIN: 08593000) as a Non-Executive Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%
- Approval for increase in borrowings limits of the Company under section 180(1)(c) of Companies Act, 2013.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%
- Approval for increase in limits of Loans and or Investments and or Guarantees under section 186 of the Companies Act, 2013.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%
- Entering into material related party transactions with Ashoka Metcast Limited.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 8.31% · promoters 0.00% · institutions 100.00% · other public 100.00%
- Entering into material related party transactions with Ashnisha Industries Limited.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 8.31% · promoters 0.00% · institutions 100.00% · other public 100.00%
- Entering into material related party transactions with Lesha Industries Limited.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 8.31% · promoters 0.00% · institutions 100.00% · other public 100.00%
- Entering into material related party transactions with Gujarat Natural Resources Limited.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 8.31% · promoters 0.00% · institutions 100.00% · other public 100.00%
- Entering into material related party transactions with Lesha Ventures Private Limited.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 8.31% · promoters 0.00% · institutions 100.00% · other public 100.00%
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, 18 Mar 2026, 1 resolution
80,653 shareholders on the register on 13 Feb 2026; votes counted by Chintan K. Patel / Chintan K. Patel.The company's voting result (opens in a new tab)
- ALTERATION (ADDITION) IN OBJECT CLAUSE OF THE MEMORANDUM OF ASSOCIATION OF THE COMPANYSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 68.02% · promoters 100.00% · institutions 2.41% · other public 15.95%
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 Feb 2026, 1 resolution
82,553 shareholders on the register on 2 Jan 2026; votes counted by Chintan K. Patel / Chintan K. Patel.The company's voting result (opens in a new tab)
- REGULARIZATION OF APPOINTMENT OF MR. SWAPNIL SHARAD SHIMPI (DIN: 10469352) AS A NON-EXECUTIVE INDEPENDENT DIRECTOR OF THE COMPANYSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.14% · promoters 100.00% · institutions 0.00% · other public 27.67%
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, 25 Sep 2025, 8 resolutions
89,520 shareholders on the register on 19 Sep 2025; present: 6 promoters and 32 others; votes counted by Chintan K Patel / Chintan K Patel.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Statements of the Company for the year ended March 31, 2025 together with the Reports of the Board of Directors and the Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 73.12% · promoters 100.00% · institutions 0.00% · other public 29.46%
- Re- appointment of Mr. Shalin A. Shah (DIN: 00297447), Managing Director of the Company, who is liable to retire by rotation and being eligible, offers himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 73.12% · promoters 100.00% · institutions 0.00% · other public 29.46%
- Appointment of Secretarial AuditorsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 73.12% · promoters 100.00% · institutions 0.00% · other public 29.46%
- Approval Of Material Related Party Transactions with Ashoka Metcast LimitedSpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 11.00% · promoters 0.00% · institutions 0.00% · other public 29.46%
- Approval Of Material Related Party Transactions with Ashnisha Industries LimitedSpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 11.00% · promoters 0.00% · institutions 0.00% · other public 29.46%
- Approval Of Material Related Party Transactions with Lesha Industries LimitedSpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 11.00% · promoters 0.00% · institutions 0.00% · other public 29.46%
- Approval of Material Related Party Transactions with Gujarat Natural Resources LimitedSpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 11.00% · promoters 0.00% · institutions 0.00% · other public 29.46%
- Approval of Material Related Party Transactions with Lesha Ventures Private LimitedSpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 11.00% · promoters 0.00% · institutions 0.00% · other public 29.46%
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
- 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
The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.