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Salzer Electronics CEO, MD, chairman, board of directors and AGM

NSE: SALZERELECBSE: 517059Electrical EquipmentSmall Cap

Last close ₹478.60down ₹11.40 (2.33%)BSE ₹478.05

Share price at the NSE close on 23 Oct 2026. Previous close ₹490.00.

52-week range of traded prices to 23 Oct 2026
₹459.80Low, 23 Oct 2026₹889.70High, 30 Oct 2025
Market cap
₹846 Cr1,432nd largest listed
P/E
19.4
P/B
1.4
Dividend yield
0.52%
ROE
7.7%
ROCE
9.6%
Debt to equity
0.88
Volume, NSE
69,11742.4% delivered

Salzer Electronics 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

  • ChairpersonN.RANGACHARY
  • Managing directorR.DORAISWAMY
  • Chief executiveD.RAJESHKUMAR
  • Company Secretary and Compliance OfficerK M MURUGESAN

8 directors3 independent2 executive3 non-executive

  • N.RANGACHARY · ChairpersonNon-executive · joined Aug 2024 · 22 months as independent · 1 listed board · 2 committee seats, 1 as chair
  • R.DORAISWAMY · Managing directorExecutive · joined Jan 1985 · reappointed May 2026 · 2 listed boards · 1 committee seat
  • D.RAJESHKUMAR · Chief executiveExecutive · joined Dec 2001 · reappointed Oct 2021 · 1 listed board · 1 committee seat
  • V.SANKARANNon-executive · joined Aug 2024 · 22 months as independent · 1 listed board
  • VISHNU RANGASWAMYNon-executive · joined Feb 2020 · reappointed Feb 2020 · 1 listed board
  • PRIYA BHANSALI · Shareholder DirectorIndependent · joined Aug 2023 · reappointed Aug 2023 · 34 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 3 as chair
  • SHARAT CHANDRA BHARGAVA · Shareholder DirectorIndependent · joined Aug 2023 · reappointed Aug 2023 · 34 months as independent · 1 listed board · 1 as independent
  • SUNDER RAJAN RAMAN · Shareholder DirectorIndependent · joined May 2024 · reappointed May 2024 · 24 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 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

    • 8 Aug 20268 of 8 present3 independent · 76 days in between
    • 23 May 20267 of 8 present3 independent

  • Audit Committee

    Chair PRIYA BHANSALI

    N.RANGACHARY, SUNDER RAJAN RAMAN

    • 8 Aug 20263 of 3 present2 independent · 76 days in between
    • 23 May 20263 of 3 present2 independent · 73 days in between
    • 10 Mar 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair SUNDER RAJAN RAMAN

    SHARAT CHANDRA BHARGAVA, V.SANKARAN

    • 8 Aug 20263 of 3 present3 independent · 76 days in between
    • 23 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair N.RANGACHARY

    PRIYA BHANSALI, D.RAJESHKUMAR

    No meeting listed in the filing.

  • Risk Management Committee

    Chair D.RAJESHKUMAR

    R.DORAISWAMY, V.SANKARAN, SHARAT CHANDRA BHARGAVA, PRIYA BHANSALI, N.RANGACHARY, R.MENAKA, P.SIVAKUMAR, B.MAHENDRAN, M.LAKSHMINARAYANA

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair N.RANGACHARY

    R.DORAISWAMY, D.RAJESHKUMAR, SUNDER RAJAN RAMAN

    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 Jun 2026.

  • M/s.Swamy & RavtiPeer-review certificate valid to Jul 2029
2 earlier auditors
  • M/s.Swamy & RaviNamed in filings from Mar 2025 to Mar 2026
  • Swamy & RaviNamed in filings from Sep 2025 to Dec 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.

Salzer Electronics 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.Salzer Electronics dividend history

Annual general meeting, 12 Sep 2026

49,189 shareholders on the register on 4 Sep 2026; present: 7 promoters and 94 others; votes counted by VASUDEVAN GOPU / G.V. AND ASSOCIATES.The company's voting result (opens in a new tab)

  1. Adoption of Standalone and Consolidated Financial Statements for the period ending March 31,2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 41.10% · promoters 100.00% · institutions 7.68% · other public 5.33%

  2. Declaration of the Dividend on the Equity Shares
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 41.10% · promoters 100.00% · institutions 7.68% · other public 5.33%

  3. Appointment of a Director in place of Mr. N. Rangachary (DIN: 00054437), non-executive, Non-Independent Director, who retires by rotation and being eligible, offers himself for reappointment.
    Special
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.90%

    Turnout: all 41.10% · promoters 100.00% · institutions 7.68% · other public 5.33%

  4. Appointment of a Director in place of Mr. V Sankaran (DIN: 00003141), Non-executive, Non-Independent Director, who retires by rotation and being eligible, offers himself for reappointment
    Special
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.90%

    Turnout: all 41.10% · promoters 100.00% · institutions 7.68% · other public 5.33%

  5. Re-appointment of Mr. D Rajesh Kumar (DIN: 00003126) as Joint Managing Director for another term of five years effective October 01,2026.
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.27%

    Turnout: all 30.09% · promoters 70.60% · institutions 7.68% · other public 5.33%

  6. Ratification of Remuneration to Cost Auditor for the Financial Year 2026–27
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 41.10% · promoters 100.00% · institutions 7.68% · other public 5.33%

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 Jul 2026, 2 resolutions

50,260 shareholders on the register on 12 Jun 2026; votes counted by VASUDEVAN GOPU / G.V. AND ASSOCIATES.The company's voting result (opens in a new tab)

  1. To re-appoint Mrs. Priya Bhansali (DIN: 00195848) as an Independent Director of the Company
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 1.00% · other public 3.41%

    Turnout: all 39.14% · promoters 100.00% · institutions 1.52% · other public 2.92%

  2. To re-appoint Mr. Sharat Chandra Bhargava (DIN: 00008146) as an Independent Director of the Company
    Special
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 1.00% · other public 3.58%

    Turnout: all 39.14% · promoters 100.00% · institutions 1.52% · other public 2.92%

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 Apr 2026, 1 resolution

50,335 shareholders on the register on 13 Mar 2026; votes counted by VASUDEVAN GOPU / G.V. AND ASSOCIATES.The company's voting result (opens in a new tab)

  1. Re-Appointment of Mr. R Doraiswamy as the Managing Director of the company for another term of three years
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 30.18% · promoters 71.71% · institutions 0.59% · other public 6.26%

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 2025, 7 resolutions

52,938 shareholders on the register on 5 Sep 2025; present: 13 promoters and 108 others; votes counted by P SENTHIL KUMAR / P SENTHIL KUMAR & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Adoption of Standalone Financial Statements
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 42.03% · promoters 100.00% · institutions 17.14% · other public 5.40%

  2. Adoption of Consolidated Financial Statements.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 42.03% · promoters 100.00% · institutions 17.14% · other public 5.40%

  3. Declaration of Dividend on Equity Shares.
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.52%

    Turnout: all 42.03% · promoters 100.00% · institutions 17.14% · other public 5.40%

  4. Re-appointment of Mr. D. Rajeshkumar (DIN: 00003126) as Director
    OrdinaryPromoters have an interest in it
    99.80% for0.21% against

    Against: promoters 0.00% · institutions 2.91% · other public 0.56%

    Turnout: all 31.02% · promoters 70.66% · institutions 17.14% · other public 5.40%

  5. Re-appointment of Mr. D. Vishnu Rangaswamy (DIN: 00793090) as Director.
    OrdinaryPromoters have an interest in it
    99.76% for0.24% against

    Against: promoters 0.00% · institutions 4.00% · other public 0.56%

    Turnout: all 34.18% · promoters 79.08% · institutions 17.14% · other public 5.40%

  6. Appointment of M/s. G V and Associates, Company Secretaries, as Secretarial Auditors of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 42.03% · promoters 100.00% · institutions 17.14% · other public 5.40%

  7. Ratification of Remuneration to Cost Auditor for the Financial Year 2025–26
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 42.03% · promoters 100.00% · institutions 17.14% · other public 5.40%

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, 6 May 2025, 2 resolutions

49,630 shareholders on the register on 28 Mar 2025; votes counted by VASUDEVAN GOPU / G.V. AND ASSOCIATES.The company's voting result (opens in a new tab)

  1. Approval for increase in Borrowing Powers of the company under Section-180(1) (c ) of Companies Act-2013
    Special
    99.99% for0.01% against

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

    Turnout: all 41.72% · promoters 100.00% · institutions 9.10% · other public 6.20%

  2. Approval for creation of Mortgage and/or charge on all or any of the Moveable and/or Immoveable properties of the company
    Special
    99.99% for0.01% against

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

    Turnout: all 41.72% · promoters 100.00% · institutions 9.10% · other public 6.20%

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, 14 Sep 2024, 8 resolutions

Present: 11 promoters and 104 others.The company's voting result (opens in a new tab)

  1. Consideration of Audited Standalone and Consolidated Financial statements of the Company for the Financial year ended March 31,2024, and the reports of the Board of Directors along with annexure and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 42.49% · promoters 100.00% · institutions 9.99% · other public 7.53%

  2. To declare a dividend on Equity Shares for the financial year 2023-2024.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.27%

    Turnout: all 42.49% · promoters 100.00% · institutions 9.99% · other public 7.54%

  3. To re-appoint a Director in the place of Mr.D.Rajeshkumar (DIN: 00003126) who retires by rotation at this Annual General Meeting and being eligible has offered himself for re-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 31.75% · promoters 71.38% · institutions 9.99% · other public 7.54%

  4. To re-appoint a Director in the place of Mr.D.Vishnu Rangaswamy (DIN: 00793090) who retires by rotation at this Annual General Meeting and being eligible has offered himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.23% · other public 0.03%

    Turnout: all 34.65% · promoters 79.10% · institutions 9.99% · other public 7.54%

  5. To appoint a Statutory Auditor and authorize the Board to fix their remuneration.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 42.49% · promoters 100.00% · institutions 9.99% · other public 7.54%

  6. To consider and approve the appointment of Mr.N.Rangachary, (DIN: 00054437) as a Non-executive and Non Independent Director and Chairman of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.23% · other public 0.01%

    Turnout: all 42.49% · promoters 100.00% · institutions 9.99% · other public 7.54%

  7. To consider and approve the appointment of Mr.V.Sankaran (DIN: 00003141) as a Non-Executive and Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.23% · other public 0.03%

    Turnout: all 42.49% · promoters 100.00% · institutions 9.99% · other public 7.54%

  8. To ratify the remuneration payable to CMA A.R.Ramasubramania Raja (M.No. 32458) appointed as Cost Auditors of the Company for Financial Year 2024-25.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 42.49% · promoters 100.00% · institutions 9.99% · other public 7.54%

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, 12 Jul 2024, 2 resolutions

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

  1. Appointment of Mr. S. Raman as a Non-Executive Independent Director of the Company for a term of five consecutive years, from May 28, 2024, to May 27, 2029
    Special
    99.99% for0.01% against

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

    Turnout: all 43.24% · promoters 100.00% · institutions 9.89% · other public 7.52%

  2. Approval of remuneration for Executive Promoter Directors exceeding the threshold limits (5% of Profit) in accordance with Regulation 17(6)(e) of the SEBI (LODR) Regulations, 2015
    SpecialPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 32.16% · promoters 71.13% · institutions 9.89% · other public 7.52%

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, 9 Sep 2023, 8 resolutions

Present: 10 promoters and 90 others.The company's voting result (opens in a new tab)

  1. Consideration of Audited Standalone and Consolidated Financial statements of the Company for the Financial year ended March 31,2023, and the reports of the Board of Directors along with annexure and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 42.10% · promoters 100.00% · institutions 10.01% · other public 10.93%

  2. To declare a dividend on Equity Shares for the financial year 2022-2023.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 42.10% · promoters 100.00% · institutions 10.01% · other public 10.93%

  3. To re-appoint a Director in the place of Dr.Mrs.Rajeshkumar Thilagam (DIN: 00006783) who retires by rotation at this Annual General Meeting and being eligible has offered herself for re-appointment
    OrdinaryPromoters have an interest in it
    99.53% for0.47% against

    Against: promoters 0.00% · institutions 13.97% · other public 0.00%

    Turnout: all 37.46% · promoters 86.79% · institutions 10.01% · other public 10.93%

  4. To re-appoint a Director in the place of Mr.D.Vishnu Rangaswamy (DIN: 00793090) who retires by rotation at this Annual General Meeting and being eligible has offered himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.48% for0.52% against

    Against: promoters 0.00% · institutions 13.97% · other public 0.00%

    Turnout: all 33.92% · promoters 76.71% · institutions 10.01% · other public 10.93%

  5. To consider and approve the re-appointment of Mr.P.Ramachandran, (DIN: 01043572) as a Whole time Director.
    Special
    100.00% for0.00% against

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

    Turnout: all 42.10% · promoters 100.00% · institutions 10.01% · other public 10.93%

  6. To consider and approve the appointment of Mrs.Priya Bhansali (DIN: 00195848) as a Non-Executive and Independent Director.
    Special
    100.00% for0.00% against

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

    Turnout: all 42.10% · promoters 100.00% · institutions 10.01% · other public 10.93%

  7. To consider and approve the appointment of Mr.Sharat Chandra Bhargava (DIN: 00008146) as a Non-Executive and Independent Director.
    Special
    100.00% for0.00% against

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

    Turnout: all 42.10% · promoters 100.00% · institutions 10.01% · other public 10.93%

  8. To ratify the remuneration payable to Mr. A.R.Ramasubramania Raja (M.No. 32458) appointed as Cost Auditors of the Company for Financial Year 2023-24.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 42.10% · promoters 100.00% · institutions 10.01% · other public 10.93%

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.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 18 Apr 2026, 1 fund house

  • Re-Appointment of Mr. R Doraiswamy as the Managing Director of the company for another term of three years
    1 for0 against

Mutual fund votes, meeting of 12 Sep 2025, 1 fund house

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Re-appointment of Mr. D. Vishnu Rangaswamy (DIN: 00793090) as Director.
    Against Taurus Mutual Fund
    • Taurus Mutual FundD. Vishnu Rangaswamy, 49, is part of the promoter family and is the President of Global Technical Talent (GTT), a Manpower Recruitment Firm in USA. He attended 20% (one out of five) board meetings held in 2025 and 23% (three out of thirteen) board meetings over last three years. We expect directors to attend all board meetings and have a threshold of 75% attendance over a three-year period under our policy. Thus, we are unable to support the resolution
    0 for1 against
6 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • Item 6, as a fund house numbered it
    1 for0 against
  • Item 7, as a fund house numbered it
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

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.