Reliance Industrial Infrastructure logo

Reliance Industrial Infrastructure MD, chairman, board of directors and AGM

NSE: RIILBSE: 523445Transport ServicesSmall Cap

Last close ₹665.25down ₹23.65 (3.43%)BSE ₹665.50

Share price at the NSE close on 23 Oct 2026. Previous close ₹688.90.

52-week range of traded prices to 23 Oct 2026
₹617.35Low, 30 Mar 2026₹927.95High, 27 Oct 2025
Market cap
₹1,005 Cr1,417th largest listed
P/E
84.6
P/B
2.2
Dividend yield
0.53%
ROE
2.5%
ROCE
−2.3%
Debt to equity
0.00
Volume, NSE
1,27,42530.2% delivered

Reliance Industrial Infrastructure board of directors

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

  • ChairpersonMahesh Kalidas Kamdar
  • Company Secretary and Compliance OfficerAmitkumar Mundhe

6 directors3 independent1 executive2 non-executive

  • Mahesh Kalidas Kamdar · ChairpersonNon-executive · joined Jul 1990 · reappointed Aug 1990 · 1 listed board · 1 committee seat, 1 as chair
  • Vipin Chandra SatiExecutive · joined Apr 2025 · reappointed Apr 2025 · 1 listed board
  • Riddhi BhimaniIndependent · joined Mar 2023 · reappointed Mar 2023 · 39 months as independent · 3 listed boards · 3 as independent · 9 committee seats, 1 as chair
  • Achuthan SiddharthIndependent · joined Mar 2023 · reappointed Mar 2023 · 39 months as independent · 4 listed boards · 4 as independent · 10 committee seats, 4 as chair
  • Sanjiv SinghNon-executive · joined Mar 2024 · reappointed Mar 2024 · 1 listed board · 1 committee seat
  • Rahul DuttIndependent · joined Mar 2024 · reappointed Mar 2024 · 27 months as independent · 5 listed boards · 5 as independent · 7 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.

1 director who left
  • Dilipkumar Vithaldas Dherai, left 31 Mar 2025: Others

Committees and meetings

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

  • Board

    • 15 Apr 20266 of 6 present3 independent · 90 days in between
    • 14 Jan 20266 of 6 present3 independent

  • Audit Committee

    Chair Riddhi Bhimani

    Achuthan Siddharth, Rahul Dutt

    • 15 Apr 20263 of 3 present3 independent · 90 days in between
    • 14 Jan 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair Achuthan Siddharth

    Riddhi Bhimani, Rahul Dutt

    • 15 Apr 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Mahesh Kalidas Kamdar

    Sanjiv Singh, Achuthan Siddharth, Rahul Dutt

    • 15 Apr 20264 of 4 present2 independent · 90 days in between
    • 14 Jan 20264 of 4 present2 independent

  • Risk Management Committee

    Chair Sanjiv Singh

    Vipin Chandra Sati, Achuthan Siddharth, Riddhi Bhimani, Praveen Baser, Umesh D Giriryan

    • 15 Apr 20266 of 6 present4 independent · 90 days in between
    • 14 Jan 20266 of 6 present4 independent

  • Corporate Social Responsibility Committee

    Chair Sanjiv Singh

    Achuthan Siddharth, Riddhi Bhimani

    • 15 Apr 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.

  • Chaturvedi & Shah LLPPeer-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.

Reliance Industrial Infrastructure 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.Reliance Industrial Infrastructure dividend history

Annual general meeting, 24 Jun 2026

80,737 shareholders on the register on 17 Jun 2026; present: 1 promoter and 73 others; votes counted by Anil Lohia / Dayal and Lohia.The company's voting result (opens in a new tab)

  1. To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditor's thereon
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.46%

    Turnout: all 45.80% · promoters 100.00% · institutions 41.39% · other public 0.10%

  2. To consider and adopt the audited consolidated financial statement of the Company for the financial year ended March 31, 2026 and the report of Auditor's thereon
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.43%

    Turnout: all 45.80% · promoters 100.00% · institutions 41.39% · other public 0.10%

  3. To declare dividend on equity shares for the financial year ended March 31, 2026
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.43%

    Turnout: all 45.80% · promoters 100.00% · institutions 41.39% · other public 0.10%

  4. To appoint Shri Sanjiv Singh (DIN: 05280701), who retires by rotation, as a Director
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.48%

    Turnout: all 45.80% · promoters 100.00% · institutions 41.39% · other public 0.10%

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, 26 Jun 2025, 8 resolutions

86,063 shareholders on the register on 19 Jun 2025; present: 1 promoter and 65 others; votes counted by ANIL LOHIA / DAYAL AND LOHIA.The company's voting result (opens in a new tab)

  1. To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors and Auditors thereon
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.80%

    Turnout: all 46.00% · promoters 100.00% · institutions 50.48% · other public 0.27%

  2. To consider and adopt the audited consolidated financial statement of the Company for the financial year ended March 31, 2025 and the report of Auditors thereon
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.80%

    Turnout: all 46.00% · promoters 100.00% · institutions 50.48% · other public 0.27%

  3. To declare dividend on equity shares for the financial year ended March 31, 2025
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.80%

    Turnout: all 46.00% · promoters 100.00% · institutions 50.48% · other public 0.27%

  4. To appoint Shri Mahesh K. Kamdar (DIN: 00013915), who retires by rotation as a Director
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.85%

    Turnout: all 46.00% · promoters 100.00% · institutions 50.48% · other public 0.27%

  5. To consider and approve continuation of Shri Mahesh K. Kamdar (DIN: 00013915) as a non-executive director, liable to retire by rotation, notwithstanding his attaining the age of seventy-five years
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.31%

    Turnout: all 46.00% · promoters 100.00% · institutions 50.48% · other public 0.27%

  6. To appoint Shri Vipin Chandra Sati (DIN: 10968198) as a Director
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.03%

    Turnout: all 46.00% · promoters 100.00% · institutions 50.48% · other public 0.27%

  7. To appoint Shri Vipin Chandra Sati (DIN: 10968198) as Whole-time Director and approve remuneration payable to him
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.03%

    Turnout: all 46.00% · promoters 100.00% · institutions 50.48% · other public 0.27%

  8. To appoint Secretarial Auditor
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.99%

    Turnout: all 46.00% · promoters 100.00% · institutions 50.48% · 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.

Annual general meeting, 12 Jun 2024, 7 resolutions

Present: 1 promoter and 69 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2024 and 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 1.10%

    Turnout: all 46.13% · promoters 100.00% · institutions 49.40% · other public 0.31%

  2. To consider and adopt the audited consolidated financial statement of the Company for the financial year ended March 31, 2024 and the report of Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.10%

    Turnout: all 46.13% · promoters 100.00% · institutions 49.40% · other public 0.31%

  3. To declare dividend on equity shares for the financial year ended March 31, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.10%

    Turnout: all 46.13% · promoters 100.00% · institutions 49.40% · other public 0.31%

  4. To appoint Shri Dilip V. Dherai, who retires by rotation as a Director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.14%

    Turnout: all 46.13% · promoters 100.00% · institutions 49.40% · other public 0.31%

  5. To appoint Shri Sanjiv Singh as a Non-Executive Director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.31%

    Turnout: all 46.13% · promoters 100.00% · institutions 49.40% · other public 0.31%

  6. To appoint Shri Rahul Dutt as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.31%

    Turnout: all 46.13% · promoters 100.00% · institutions 49.40% · other public 0.31%

  7. To re-appoint Shri Dilip V. Dherai as a Whole-time Director, designated as an Executive Director of the Company and approve remuneration payable to him
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.14%

    Turnout: all 46.13% · promoters 100.00% · institutions 49.40% · other public 0.31%

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.

Annual general meeting, 19 Jun 2023, 6 resolutions

Present: 1 promoter and 60 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2023 and 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 46.07% · promoters 100.00% · institutions 40.29% · other public 0.35%

  2. To consider and adopt the audited consolidated financial statement of the Company for the financial year ended March 31, 2023 and the report of Auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 46.07% · promoters 100.00% · institutions 40.29% · other public 0.35%

  3. To declare a dividend on equity shares for the financial year ended March 31, 2023
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 46.07% · promoters 100.00% · institutions 40.29% · other public 0.35%

  4. To appoint Shri Mahesh K. Kamdar, who retires by rotation as a Director
    Ordinary
    99.06% for0.94% against

    Against: promoters 0.00% · institutions 95.14% · other public 0.00%

    Turnout: all 46.07% · promoters 100.00% · institutions 40.29% · other public 0.35%

  5. To appoint Shri A. Siddharth as an Independent Director
    Special
    99.06% for0.94% against

    Against: promoters 0.00% · institutions 95.14% · other public 0.00%

    Turnout: all 46.07% · promoters 100.00% · institutions 40.29% · other public 0.35%

  6. To appoint Smt. Riddhi Bhimani as an Independent Director
    Special
    100.00% for0.00% against

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

    Turnout: all 46.07% · promoters 100.00% · institutions 40.29% · other public 0.35%

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, 28 Sep 2022, 5 resolutions

Present: 1 promoter and 64 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2022 and the reports of the Board of Directors andnAuditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.87%

    Turnout: all 45.93% · promoters 100.00% · institutions 58.91% · other public 0.12%

  2. To consider and adopt the audited consolidated financial statement of the Company for the financial year ended March 31, 2022 and the report of Auditorsnthereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.87%

    Turnout: all 45.93% · promoters 100.00% · institutions 58.91% · other public 0.12%

  3. To declare a dividend on equity shares for the financial year ended March 31, 2022
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.76%

    Turnout: all 45.93% · promoters 100.00% · institutions 58.91% · other public 0.12%

  4. To appoint Shri A. Siddharth, who retires by rotation as a Director
    Ordinary
    99.08% for0.92% against

    Against: promoters 0.00% · institutions 96.67% · other public 4.22%

    Turnout: all 45.93% · promoters 100.00% · institutions 58.91% · other public 0.12%

  5. To appoint Auditors and fix their remuneration
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.87%

    Turnout: all 45.93% · promoters 100.00% · institutions 58.91% · other public 0.12%

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 Aug 2021, 5 resolutions

Present: 1 promoter and 57 others.The company's voting result (opens in a new tab)

  1. To Consider and adopt the Audited Financial Statement of the Company for the financial year ended March 31, 2021 and the Reports of the Board of Directors and Auditors thereon
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.06%

    Turnout: all 45.54% · promoters 100.00% · institutions 13.86% · other public 0.13%

  2. To Consider and adopt the Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2021 and the Report of Auditors thereon
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.35%

    Turnout: all 45.54% · promoters 100.00% · institutions 13.86% · other public 0.13%

  3. To declare dividend on equity shares for the financial year ended March 31, 2021
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.25%

    Turnout: all 45.54% · promoters 100.00% · institutions 13.86% · other public 0.13%

  4. To Appoint Shri Dilip V. Dherai, a Director retiring by rotation
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.76%

    Turnout: all 45.53% · promoters 100.00% · institutions 13.86% · other public 0.12%

  5. To approve Payment of remuneration to Shri Dilip V. Dherai , Whole-time Director of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 11.45%

    Turnout: all 45.53% · promoters 100.00% · institutions 13.86% · other public 0.12%

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 2020, 4 resolutions

Present: 1 promoter and 47 others.The company's voting result (opens in a new tab)

  1. Consider and adopt Audited Financial Statement for the financial year ended March 31, 2020 and the Reports of the Board of Directors and Auditors thereon
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.74%

    Turnout: all 45.54% · promoters 100.00% · institutions 0.00% · other public 0.20%

  2. Consider and adopt Audited Consolidated Financial Statement for the financial year ended March 31, 2020 and the Report of Auditors thereon
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.74%

    Turnout: all 45.54% · promoters 100.00% · institutions 0.00% · other public 0.20%

  3. Declaration of dividend on equity shares for the financial year ended March 31, 2020
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.74%

    Turnout: all 45.54% · promoters 100.00% · institutions 0.00% · other public 0.20%

  4. Appointment of Shri Mahesh K. Kamdar, a Director retiring by rotation
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.27%

    Turnout: all 45.54% · promoters 100.00% · institutions 0.00% · other public 0.20%

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.

Annual general meeting, 28 Aug 2019, 5 resolutions

Present: 1 promoter and 65 others.The company's voting result (opens in a new tab)

  1. Consider and adopt: Audited Financial Statement for the financial year ended 31st March, 2019 and the Reports of the Board of Directors and Auditors thereon
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 31.71%

    Turnout: all 45.52% · promoters 100.00% · institutions 0.00% · other public 0.16%

  2. Consider and adopt: Audited Consolidated Financial Statement for the financial year ended 31st March, 2019 and the Report of Auditors thereon
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 31.71%

    Turnout: all 45.52% · promoters 100.00% · institutions 0.00% · other public 0.16%

  3. Declaration of dividend on equity shares
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.31%

    Turnout: all 45.49% · promoters 100.00% · institutions 0.00% · other public 0.11%

  4. Re-appointment of Shri Dilip V. Dherai, a Director retiring by rotation
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 32.71%

    Turnout: all 45.51% · promoters 100.00% · institutions 0.00% · other public 0.16%

  5. Appointment of Shri A. Siddharth, as a Director liable to retire by rotation
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 32.87%

    Turnout: all 45.52% · promoters 100.00% · institutions 0.00% · other public 0.16%

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.