The Sandesh logo

The Sandesh MD, chairman, board of directors and AGM

NSE: SANDESHBSE: 526725MediaSmall Cap

Last close ₹953.50down ₹25.00 (2.55%)BSE ₹950.15

Share price at the NSE close on 23 Oct 2026. Previous close ₹978.50.

52-week range of traded prices to 23 Oct 2026
₹811.00Low, 30 Mar 2026₹1,270.00High, 7 Aug 2026
Market cap
₹722 Cr1,638th largest listed
P/E
6.7
P/B
0.5
Dividend yield
0.52%
ROE
7.7%
ROCE
0.1%
Debt to equity
0.00
Volume, NSE
1,61158.7% delivered

The Sandesh 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 directorFalgunbhai Chimanbhai PatelRelated to the promoter
  • Managing directorParthiv Falgunbhai Patel
  • Company Secretary and Compliance OfficerHardik Joshi

8 directors4 independent3 executive1 non-executive

  • Falgunbhai Chimanbhai Patel · Chairperson and managing directorExecutive · joined Nov 1974 · reappointed Apr 2022 · 1 listed board
  • Parthiv Falgunbhai Patel · Managing directorExecutive · joined Mar 2002 · reappointed Aug 2023 · 1 listed board · 2 committee seats
  • Pannaben Falgunbhai PatelNon-executive · joined Oct 2010 · 1 listed board
  • Rahoul Rajivkumar ShahExecutive · joined Feb 2025 · 1 listed board · 1 committee seat
  • Gauri Surendra TrivediIndependent · joined Sep 2020 · reappointed Sep 2025 · 69 months as independent · 5 listed boards · 5 as independent · 8 committee seats, 2 as chair
  • Choksey Sudhin BhagwandasIndependent · joined Apr 2024 · reappointed Apr 2024 · 27 months as independent · 5 listed boards · 4 as independent · 7 committee seats, 3 as chair
  • Keyur Dhanvantlal GandhiIndependent · joined Apr 2024 · reappointed Apr 2024 · 27 months as independent · 2 listed boards · 2 as independent · 1 committee seat, 1 as chair
  • Bijal Hemant ChhatrapatiIndependent · joined Apr 2024 · reappointed Apr 2024 · 27 months as independent · 1 listed board · 1 as independent · 2 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
  • Sanjay Kumar Tandon, left 13 Feb 2025: Others

Committees and meetings

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

  • Board

    • 29 May 20266 of 8 present4 independent · 112 days in between
    • 5 Feb 20268 of 8 present4 independent

  • Audit Committee

    Chair Choksey Sudhin Bhagwandas

    Parthiv Falgunbhai Patel, Gauri Surendra Trivedi, Bijal Hemant Chhatrapati

    • 29 May 20263 of 4 present3 independent · 112 days in between
    • 5 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Bijal Hemant Chhatrapati

    Pannaben Falgunbhai Patel, Keyur Dhanvantlal Gandhi, Choksey Sudhin Bhagwandas

    • 29 May 20264 of 4 present3 independent · 112 days in between
    • 5 Feb 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Keyur Dhanvantlal Gandhi

    Parthiv Falgunbhai Patel, Rahoul Rajivkumar Shah, Bijal Hemant Chhatrapati

    • 5 Feb 20264 of 4 present2 independent

  • Risk Management Committee

    Chair Choksey Sudhin Bhagwandas

    Falgunbhai Chimanbhai Patel, Parthiv Falgunbhai Patel, Rahoul Rajivkumar Shah, Gauri Surendra Trivedi

    • 29 May 20263 of 5 present2 independent · 112 days in between

  • Corporate Social Responsibility Committee

    Chair Falgunbhai Chimanbhai Patel

    Parthiv Falgunbhai Patel, Pannaben Falgunbhai Patel, Rahoul Rajivkumar Shah, Keyur Dhanvantlal Gandhi, Bijal Hemant Chhatrapati

    • 29 May 20264 of 6 present2 independent · 112 days in between
    • 5 Feb 20266 of 6 present2 independent

  • Executive Committee

    Chair Falgunbhai Chimanbhai Patel

    Parthiv Falgunbhai Patel, Rahoul Rajivkumar Shah

    • 15 Jun 20263 of 3 present0 independent · 51 days in between
    • 24 Apr 20263 of 3 present0 independent · 29 days in between
    • 25 Mar 20263 of 3 present0 independent · 61 days in between
    • 22 Jan 20263 of 3 present0 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 2025.

  • MANUBHAI & SHAH LLPPeer-review certificate valid to Feb 2028

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.

The Sandesh 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.The Sandesh dividend history

Annual general meeting, 15 Sep 2026

7,112 shareholders on the register on 9 Sep 2026; present: 8 promoters and 33 others; votes counted by SPARSH M. GUPTA / SPARSH GUPTA & CO..The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the Financial Year ended March 31, 2026 together with the reports of the Board of Directors and Statutory Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.02% · promoters 100.00% · institutions 100.00% · other public 8.46%

  2. To declare a Dividend of Rs. 5.00 per Equity Share of Rs. 10 each for the Financial Year ended March 31, 2026
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.02% · promoters 100.00% · institutions 100.00% · other public 8.46%

  3. To appoint a Director in place of Shri Rahoul Rajivkumar Shah (DIN: 00054684), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.02% · promoters 100.00% · institutions 100.00% · other public 8.46%

  4. To re-appoint Shri Falgunbhai C. Patel (DIN: 00050174) as the Chairman and Managing Director of the Company and to approve remuneration thereof
    SpecialPromoters have an interest in it
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 77.02% · promoters 100.00% · institutions 100.00% · other public 8.46%

  5. To Continue the appointment of Smt. Pannaben F. Patel (DIN: 00050222) as a Non-executive Director of the Company
    SpecialPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 35.56% · other public 0.00%

    Turnout: all 77.02% · promoters 100.00% · institutions 100.00% · other public 8.46%

  6. To approve the creation of mortgage/charge on the properties/undertakings of the Company under Section 180(1)(a) of the Companies Act, 2013
    Special
    100.00% for0.00% against

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

    Turnout: all 77.02% · promoters 100.00% · institutions 100.00% · other public 8.46%

  7. To approve the increase in the limits set out under Section 186 of the Companies Act, 2013
    Special
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 77.02% · promoters 100.00% · institutions 100.00% · other public 8.46%

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.

Annual general meeting, 25 Sep 2025, 5 resolutions

7,620 shareholders on the register on 18 Sep 2025; present: 8 promoters and 40 others; votes counted by SPARSH M. GUPTA / SPARSH GUPTA & CO..The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the Financial Year ended March 31, 2025 together with the reports of the Board of Directors and Statutory Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.83% · promoters 100.00% · institutions 80.37% · other public 3.73%

  2. To confirm the Interim Dividend of Rs. 2.50 per Equity Share of Rs. 10 each paid during the financial year and to declare a Final Dividend of Rs. 2.50 per Equity Share of Rs. 10 each for the Financial Year ended March 31, 2025MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.84% · promoters 100.00% · institutions 88.17% · other public 3.73%

  3. To appoint a Director in place of Smt. Pannaben Falgunbhai Patel (DIN: 00050222), who retires by rotation and being eligible, offers herself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.83%

    Turnout: all 75.84% · promoters 100.00% · institutions 88.17% · other public 3.73%

  4. Appointment of M. C. Gupta & Co., Practicing Company Secretary, as the Secretarial Auditor of the Company for the first term of five consecutive years
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.84% · promoters 100.00% · institutions 88.17% · other public 3.73%

  5. Continuation of appointment of Shri Falgunbhai C. Patel (DIN: 00050174) as the Chairman & Managing Director of the Company after attaining the age of seventy (70) years
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.83%

    Turnout: all 75.84% · promoters 100.00% · institutions 88.17% · other public 3.73%

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, 21 Mar 2025, 1 resolution

7,317 shareholders on the register on 14 Feb 2025; votes counted by SPARSH M. GUPTA / SPARSH GUPTA & CO..The company's voting result (opens in a new tab)

  1. Appointment of Mr. Rahoul Rajivkumar Shah (DIN: 00054684) as a Whole Time Director of the Company
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 76.60% · promoters 100.00% · institutions 11.60% · other public 6.94%

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 Sep 2024, 4 resolutions

Present: 8 promoters and 29 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the Financial Year ended March 31, 2024, together with the reports of the Board of Directors and Statutory Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 76.64% · promoters 100.00% · institutions 57.86% · other public 6.95%

  2. To appoint a Director in place of Shri Parthiv Falgunbhai Patel (DIN: 00050211), who retires by rotation and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 76.65% · promoters 100.00% · institutions 63.36% · other public 6.95%

  3. To re-appoint Shri Sanjay Kumar Tandon (DIN: 00055918) as a Whole-time Director of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 76.65% · promoters 100.00% · institutions 63.36% · other public 6.95%

  4. To re-appoint Dr. Gauri Surendra Trivedi (DIN: 06502788) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 76.65% · promoters 100.00% · institutions 63.36% · other public 6.95%

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, 22 Mar 2024, 3 resolutions

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

  1. Appointment of Shri Bijal Hemant Chhatrapati (DIN: 02249401) as an Independent Director of the Company for a period of five years with effect April 01, 2024
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 76.67% · promoters 100.00% · institutions 0.00% · other public 7.38%

  2. Appointment of Shri Keyur Dhanvantlal Gandhi (DIN: 02448144) as an Independent Director of the Company for a period of five years with effect from April 01, 2024
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 76.67% · promoters 100.00% · institutions 0.00% · other public 7.38%

  3. Appointment of Shri Sudhin Bhagwandas Choksey (DIN: 00036085) as an Independent Director of the Company for a period of five years with effect from April 01, 2024
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 76.67% · promoters 100.00% · institutions 0.00% · other public 7.38%

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, 21 Sep 2023, 3 resolutions

Present: 8 promoters and 29 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt Audited Standalone and Consolidated Financial Statements for the Financial Year ended March 31, 2023 together with the reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.72% · promoters 100.00% · institutions 0.00% · other public 11.55%

  2. To appoint a Director in place of Mrs. Pannaben Falgunbhai Patel (DIN: 00050222), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.72% · promoters 100.00% · institutions 0.00% · other public 11.55%

  3. To appoint the Statutory Auditors and fix their remuneration
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.72% · promoters 100.00% · institutions 0.00% · other public 11.55%

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, 30 Sep 2022, 5 resolutions

Present: 6 promoters and 32 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2022 together with the reports of the Board and Auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.47% · promoters 100.00% · institutions 0.00% · other public 6.56%

  2. To confirm the Interim Dividend of Rs. 5/- (Rupees Five Only) for every equity share of the Face value of Rs. 10/- each, already paid to the Shareholders of the Company, as the Final Dividend for the Financial Year 2021-22MoreLess
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 76.47% · promoters 100.00% · institutions 0.00% · other public 6.56%

  3. To appoint a Director in place of Mr. Sanjay Kumar Tandon (DIN: 00055918), who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 76.47% · promoters 100.00% · institutions 0.00% · other public 6.56%

  4. To re-appoint Shri Parthiv F. Patel (DIN: 00050211) as Managing Director of the Company.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 76.47% · promoters 100.00% · institutions 0.00% · other public 6.56%

  5. To approve remuneration of Shri Parthiv F. Patel (DIN: 00050211), the Managing Director of the Company, in accordance with the provisions of Regulation 17(6)(e) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015MoreLess
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 76.47% · promoters 100.00% · institutions 0.00% · other public 6.56%

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, 29 Sep 2021, 7 resolutions

Present: 8 promoters and 38 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2021 together with the reports of the Board and Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 77.32% · promoters 100.00% · institutions 0.00% · other public 9.95%

  2. To confirm the Interim Dividend of Rs. 5/- (Rupees Five Only) for every equity share of the Face Value of Rs. 10/- each, already paid to the Shareholders of the Company, as the Final Dividend for the Financial Year 2020-21MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 76.67% · promoters 100.00% · institutions 0.00% · other public 7.37%

  3. To appoint a Director in place of Mr. Parthiv F. Patel (DIN: 00050211), who retires by rotation and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 76.67% · promoters 100.00% · institutions 0.00% · other public 7.37%

  4. To re-appoint Shri Falgunbhai C. Patel (DIN: 00050174) as Chairman and Managing Director of the Company
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 76.67% · promoters 100.00% · institutions 0.00% · other public 7.37%

  5. To approve remuneration of Shri Falgunbhai C. Patel (DIN: 00050174), the Chairman and Managing Director of the Company, in accordance with the provisions of Regulation 17(6)(e) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015MoreLess
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.24%

    Turnout: all 76.67% · promoters 100.00% · institutions 0.00% · other public 7.37%

  6. To approve continuation of directorship of Shri Sudhirbhai Nanavati (DIN: 00050236) as Non-executive Independent Director in terms of Regulation 17(1A) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 76.67% · promoters 100.00% · institutions 0.00% · other public 7.37%

  7. To create charge, mortgage and hypothecation on all or any of the Company’s movable or immovable properties, both present and future
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 76.67% · promoters 100.00% · institutions 0.00% · other public 7.37%

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.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeAssistant Commissioner, CGST AuditSince 1 Apr 2026
    For F.Y. 2020-21 to 2023-24,Audit has been conducted by CGST Audit Commissionerate, Ahmedabad. Following poits remains unsettled during Audit and SCN has been issued on 01/04/2026 with following ponits. 1) Observation by Department:-Exclusion of Interest Income while calculating Exempt Turnover. Amount of Discipancy:- Rs.43,24,665/-. Stand of The Sandesh Limited:-We have argument that The allegation is misconceived as explaination-1 to rule 43 for the purpose of Rule 42 (determining common credit available & exempt income) sepcifically excludes interest . 2) Observation by Department:- ITC taken on Calendar printing considered as taken for Non Business Purpose. Amount of Discripancy:- Rs. 10,75,795/-.Stand of The Sandesh Limited:-The allegation is not sustainable as printing and distribution of calender in lieu of regular supplement on the occation of new year for the purpose of a bussiness and is generally followed by most of publication. 3) Observation by Department:- ITC taken on decorative items not allowed due to being considered under blocked credit. Amount of Discripancy:- Rs. 76,826/-.Stand of The Sandesh Limited:-ITC on decorative items is not covered under any of clause of section 17(5) of CGST Act.MoreLess

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

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
Yes
The filing has a part on fines and penalties
No
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.