Royal India Corporation MD, chairman, board of directors and AGM
BSE: 512047Consumer DurablesSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹5.39.
- 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.
- ₹60 Cr3,177th 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
- 1.2
- 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 30 May 2026
- 0.4
- 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 latest balance sheet's; the one a year before is not on record. The filing of 12 Aug 2026
- 37.4%
- 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
- −1.4%
- 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 30 May 2026
- 0.08
- Volume, BSEVolume. Shares traded on the last trading day.
- 1,21,097
Royal India Corporation 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
- Chairperson and managing directorNitin Kamalkishore Gujral
6 directors3 independent3 executive
- Nitin Kamalkishore Gujral · Chairperson and managing directorExecutive · joined Aug 2018 · reappointed Aug 2021 · 91 months as independent · 1 listed board · 1 committee seat
- Jinesh MehtaIndependent · joined May 2021 · reappointed Feb 2026 · 58 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Sourav SharmaExecutive · joined Oct 2024 · 20 months as independent · 1 listed board
- Madhusa IndaIndependent · joined Jun 2019 · reappointed Jun 2024 · 75 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Raja Kantilal MineshIndependent · joined Jun 2025 · 13 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Rishabh SareenExecutive · joined Apr 2026 · 2 months as independent · 1 listed board
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
- Ikerath Joseph Sam, left 16 Apr 2026: Others
- Ajay Rajawat, left 4 Dec 2025: Others
- Vaishali Baria, left 7 Jun 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 30 May 20266 of 6 present3 independent · 29 days in between
- 30 Apr 20265 of 5 present3 independent · 76 days in between
- 12 Feb 20266 of 6 present3 independent · 22 days in between
- 20 Jan 20266 of 6 present3 independent · 7 days in between
1 earlier meeting
- 12 Jan 20266 of 6 present3 independent
Audit Committee
Chair Raja Kantilal Minesh
Madhusa Inda, Jinesh Mehta
- 30 May 20263 of 3 present3 independent · 106 days in between
- 12 Feb 20263 of 3 present3 independent · 22 days in between
- 20 Jan 20263 of 3 present3 independent
Nomination and remuneration committee
Chair Raja Kantilal Minesh
Madhusa Inda, Jinesh Mehta
- 30 Apr 20263 of 3 present3 independent · 107 days in between
- 12 Jan 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair Madhusa Inda
Nitin Kamalkishore Gujral, Raja Kantilal Minesh
- 27 Mar 20263 of 3 present2 independent
Corporate Social Responsibility Committee
Chair Nitin Kamalkishore Gujral
Jinesh Mehta, Raja Kantilal Minesh
- 27 Mar 20263 of 3 present2 independent
Allotment Committee
Chair Nitin Kamalkishore Gujral
Madhusa Inda, Raja Kantilal Minesh
No meeting listed in the filing.
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 Rakchamps & Co. LLPPeer-review certificate valid to Apr 2029
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.
Royal India Corporation 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.Royal India Corporation share news and announcements
Annual general meeting, 30 Sep 2026
13,892 shareholders on the register on 23 Sep 2026; present: 4 promoters and 60 others; votes counted by Kaushal Doshi / M/s. Kaushal Doshi and Associates.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2026 the Reports of the Board of Directors and Auditors thereonOrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 44.63% · promoters 79.86% · institutions 0.00% · other public 18.65%
- To appoint a director in place of Mr. Sourav Sharma (DIN: 08239605) who retires by rotation and being eligible, offers his candidature for re-electionOrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 44.63% · promoters 79.86% · institutions 0.00% · other public 18.65%
- To Re-appointment of Mr. Nitin Gujral (DIN: 08184605) as Managing Director for a period of five yearsOrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 44.63% · promoters 79.86% · institutions 0.00% · other public 18.65%
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.
Fines and tax disputes
Reported in the filing for the quarter to Jun 2026.
- Fine or penaltyIncome Tax - TDSSince 25 Jul 2026₹4,530
Interest on Late Payment u/s 398(3)(a)(ii)
Late payment of TDS - Fine or penaltyGoods and Service TaxSince 30 Jun 2026₹140
Late Fee
Late fee on Late filing of GST Return - Tax disputeDCIT CC 7(1), MumbaiSince 30 Dec 2011Pending before Commission of Income Tax (Appeal), Mumbai
- Tax disputeDCIT CC 7(1), MumbaiSince 26 Mar 2015Pending before Commission of Income Tax (Appeal), Mumbai
- Tax disputeDCIT CC 7(1), MumbaiSince 4 Sep 2024Pending before ITAT, Mumbai
- Tax disputeDCIT CC 7(1), MumbaiSince 27 Aug 2024Pending before ITAT, Mumbai
- Tax disputeDCIT CC 7(1), MumbaiSince 31 Mar 2023Stay on Income Tax Proceeding , Pending before Bombay High Court - Next date not updatedAt the filing before: Proceeding stayed by Hon'ble Bombay High Court, WP is pending
- Tax disputeDCIT CC 7(1), MumbaiSince 25 Dec 2019Pending before Commission of Income Tax (Appeal), Mumbai
3 more
- Tax disputeDCIT CC 7(1), MumbaiSince 21 Apr 2021Pending before Commission of Income Tax (Appeal), Mumbai
- Tax disputeDCIT CC 7(1), MumbaiSince 21 Apr 2021Proceeding stayed by Hon'ble Supreme Court, SLP (C) is pending.
- Tax disputeDCIT, CC-7(1), MumbaiSince 3 Feb 2026Pending before Commission of Income Tax (Appeal), Mumbai
In the company's own words, from its latest governance filing.
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
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.