Shalibhadra Finance logo

Shalibhadra Finance MD, chairman, board of directors and AGM

NSE: SAHLIBHFIBSE: 511754FinanceSmall Cap

Last close ₹73.21down ₹1.67 (2.23%)BSE ₹73.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹74.88.

52-week range of BSE trades to 23 Oct 2026
₹66.00Low, 19 Aug 2026₹119.50High, 23 Oct 2025
Market cap
₹226 Cr2,240th largest listed
P/E
11.4
P/B
1.3
Dividend yield
0.68%
ROE
12.2%
NIM
17.59%
Cost of funds
11.01%
Credit cost
0.00%
ROA
9.11%
Leverage
1.31times net worth
Volume, NSE
17,93181.4% delivered

Shalibhadra Finance 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

  • Managing directorVatsal Doshi
  • ChairpersonGovind Keswani

6 directors2 independent1 executive3 non-executive

  • Minesh M. DoshiNon-executive · joined Jan 1992 · reappointed Sep 2025 · 1 listed board · 2 committee seats
  • Vatsal Doshi · Managing directorExecutive · joined Oct 2018 · reappointed Sep 2025 · 60 months as independent · 1 listed board
  • Kamalkant A KeswaniIndependent · joined Sep 2019 · reappointed Sep 2024 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Ayushi DoshiNon-executive · joined Mar 2020 · reappointed Sep 2025 · 1 listed board
  • Dhruvil DoshiNon-executive · joined Sep 2023 · reappointed Sep 2025 · 60 months as independent · 1 listed board
  • Govind Keswani · ChairpersonIndependent · joined Sep 2024 · 60 months as independent · 1 listed board · 1 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.

Committees and meetings

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

  • Board

    • 28 May 20264 of 6 present2 independent · 47 days in between
    • 10 Apr 20264 of 6 present2 independent · 17 days in between
    • 23 Mar 20264 of 6 present2 independent · 18 days in between
    • 4 Mar 20264 of 6 present2 independent · 18 days in between
    1 earlier meeting
    • 13 Feb 20264 of 6 present2 independent
  • Audit Committee

    Chair Govind Keswani

    Kamalkant A Keswani, Minesh M. Doshi

    • 28 May 20262 of 3 present2 independent · 103 days in between
    • 13 Feb 20262 of 3 present2 independent
  • Nomination and remuneration committee

    Chair Kamalkant A Keswani

    Govind Keswani, Ayushi Doshi

    • 28 May 20262 of 3 present2 independent · 103 days in between
    • 13 Feb 20262 of 3 present2 independent
  • Stakeholders Relationship Committee

    Chair Govind Keswani

    Minesh M. Doshi, Kamalkant A Keswani

    • 28 May 20262 of 3 present2 independent · 103 days in between
    • 13 Feb 20262 of 3 present2 independent
  • Corporate Social Responsibility Committee

    Chair Govind Keswani

    Minesh M. Doshi, Kamalkant A Keswani

    • 28 May 20262 of 3 present2 independent · 103 days in between
    • 13 Feb 20262 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.

  • Voras & AssociatesPeer-review certificate valid to Sep 2027

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.

Shalibhadra Finance 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.Shalibhadra Finance dividend history

Annual general meeting, 30 Sep 2026

4,589 shareholders on the register on 23 Sep 2026; present: 13 promoters and 29 others; votes counted by Paresh D Pandya / P.D. Pandya & Associates.The company's voting result (opens in a new tab)

  1. To adopt the Audited Balance Sheet as at 31st March, 2026 and the Statement of Profit or Loss for the year ended on that date and the Report of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 46.54% · promoters 74.13% · institutions 0.00% · other public 8.30%

  2. To declare dividend on equity shares for the year ending 31st March, 2026
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 46.54% · promoters 74.13% · institutions 0.00% · other public 8.30%

  3. To appoint Mr. Minesh M. Doshi as a Director liable to retire 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 3.48% · promoters 0.00% · institutions 0.00% · other public 8.30%

  4. To appoint Ms. Ayushi M. Doshi as a Director liable to retire 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 3.48% · promoters 0.00% · institutions 0.00% · other public 8.30%

  5. To ratify appointment of Mr. Vatsal M. Doshi as Managing Director
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 3.48% · promoters 0.00% · institutions 0.00% · other public 8.30%

  6. To approve enhancement of borrowing powers of the board of directors under section 180(1)(c) of the Companies act, 2013
    Special
    100.00% for0.00% against

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

    Turnout: all 46.54% · promoters 74.13% · institutions 0.00% · other public 8.30%

  7. To approve powers to board of directors for sale, lease or otherwise disposal of the whole or substantially the whole of the undertaking of the company under section 180(1)(a) of the Companies act, 2013MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 46.54% · promoters 74.13% · institutions 0.00% · other public 8.30%

  8. To approve issuance of secured, listed, redeemable non-convertible debentures on private placement basis
    Special
    100.00% for0.00% against

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

    Turnout: all 46.54% · promoters 74.13% · institutions 0.00% · other public 8.30%

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
No
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.

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.