Saurashtra Cement MD, chairman, board of directors and AGM
NSE: SAURASHCEMBSE: 502175Cement & Cement ProductsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹46.79.
- Next results date: the board meets on 4 Nov 2026 to consider: financial results.
- 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.
- ₹504 Cr1,673rd 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 6 Aug 2026
- 75.4
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: 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, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹10 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 30.0
- 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 12 May 2026
- 0.5
- 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 average of the latest balance sheet and the one a year before it. The filing of 6 Aug 2026
- 0.7%
- ROE without one-offsReturn on equity without one-off items. Core profit, 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 less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹10 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 1.8%
- 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 6 Aug 2026
- −0.6%
- 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 12 May 2026
- 0.11
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 64,05163.7% delivered
Saurashtra Cement 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
- ChairpersonJAY MAHENDRA MEHTA
- Managing directorMOHINDERPAL SINGH GILOTRA
- Company Secretary and Compliance OfficerJAYSHREE SONI
9 directors5 independent1 executive3 non-executive
- JAY MAHENDRA MEHTA · ChairpersonNon-executive · joined Dec 1987 · reappointed Sep 2025 · 2 listed boards · 1 committee seat
- HEMANG DHIRENDRA MEHTANon-executive · joined Apr 1993 · reappointed Sep 2026 · 1 listed board
- HEMNABH RANVIR KHATAUNon-executive · joined Oct 2008 · reappointed Aug 2025 · 1 listed board
- ASHWANI KUMARIndependent · joined Feb 2019 · reappointed Feb 2024 · 91 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- AMAN KHANNAIndependent · joined Jun 2023 · reappointed Jun 2023 · 39 months as independent · 1 listed board · 1 as independent · 1 committee seat
- RADHIKARAJE GAEKWADIndependent · joined Jun 2023 · reappointed Jun 2023 · 39 months as independent · 1 listed board · 1 as independent · 1 committee seat
- NAGARAJA SARMA MADDIPATLAIndependent · joined May 2023 · reappointed May 2023 · 40 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- VIREN AJITKUMAR MERCHANTIndependent · joined May 2024 · reappointed May 2024 · 28 months as independent · 2 listed boards · 1 as independent · 2 committee seats, 1 as chair
- MOHINDERPAL SINGH GILOTRA · Managing directorExecutive · joined Jun 1995 · reappointed Sep 2026 · 1 listed board · 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
- MAHENDRA NANJIBHAI MEHTA, left 24 Apr 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 24 Aug 20269 of 9 present5 independent · 17 days in between
- 6 Aug 20268 of 9 present4 independent · 48 days in between
- 18 Jun 20268 of 9 present4 independent · 36 days in between
- 12 May 20268 of 9 present4 independent
Audit Committee
Chair ASHWANI KUMAR
AMAN KHANNA, NAGARAJA SARMA MADDIPATLA, MOHINDERPAL SINGH GILOTRA
- 6 Aug 20264 of 4 present3 independent · 85 days in between
- 12 May 20264 of 4 present3 independent
Nomination and remuneration committee
Chair ASHWANI KUMAR
AMAN KHANNA, NAGARAJA SARMA MADDIPATLA, HEMNABH RANVIR KHATAU
- 24 Aug 20264 of 4 present3 independent · 66 days in between
- 18 Jun 20264 of 4 present3 independent
- 11 May 20264 of 4 present3 independent
Stakeholders Relationship Committee
Chair NAGARAJA SARMA MADDIPATLA
RADHIKARAJE GAEKWAD, JAY MAHENDRA MEHTA, MOHINDERPAL SINGH GILOTRA
- 11 May 20264 of 4 present2 independent
Corporate Social Responsibility Committee
Chair JAY MAHENDRA MEHTA
RADHIKARAJE GAEKWAD, AMAN KHANNA, MOHINDERPAL SINGH GILOTRA
- 12 May 20264 of 4 present2 independent · no day in between
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.
- Manubhai & Shah LLPPeer-review certificate valid to Feb 2028
1 earlier auditor
- Manubhai and Shah LLPNamed in the filing for the quarter to Jun 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.
Saurashtra Cement 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.Saurashtra Cement dividend history
Annual general meeting, 23 Sep 2026
54,684 shareholders on the register on 16 Sep 2026; present: 14 promoters and 75 others; votes counted by SACHIN AHUJA / SACHIN AHUJA & ASSOCIATES.The company's voting result (opens in a new tab)
- Adoption of Audited Standalone and Consolidated Financial Statements for the FY 31st March 2026 and Directors and Auditors Report thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 64.82% · promoters 92.18% · institutions 0.00% · other public 10.26%
- To appoint a Director in place of Mr. Hemang Dhirendra Mehta (DIN:00146580), Non-Executive, Non-Independent Director who retires by rotation and being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 55.19% · promoters 77.73% · institutions 0.00% · other public 10.26%
- To approve the appointment and remuneration of the Cost Auditors for the FY ending 31st March 2027Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 64.82% · promoters 92.18% · institutions 0.00% · other public 10.26%
Modification of the term of appointment of M/s. Manubhai & Shah LLP, Chartered Accountants (Firm Registration No. 106041W/W100136), as Statutory Auditors. In continuation of the resolution passed by the Shareholders at the 64th Annual General Meeting held on 26th July 2022, their five-year term of appointment was noted as continuing until the conclusion of the 69th Annual General MeetingMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 64.82% · promoters 92.18% · institutions 0.00% · other public 10.26%
Re-appointment of Mr. M. S. Gilotra (DIN:00152190) as Managing Director of the Company for a further period of one year from 1st January 2027 to 31st December 2027 and to approve payment of remuneration thereof.MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 64.73% · promoters 92.18% · institutions 0.00% · other public 9.99%
- Approval for payment of commission to Mr. Jay Mehta, Chairman (Non-Executive, Non-Independent Director)SpecialPromoters have an interest in it99.51% for0.49% against
Against: promoters 0.00% · institutions 0.00% · other public 5.43%
Turnout: all 37.68% · promoters 51.44% · institutions 0.00% · other public 10.26%
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, 29 Aug 2025, 4 resolutions
56,694 shareholders on the register on 22 Aug 2025; present: 7 promoters and 91 others; votes counted by SACHIN AHUJA / SACHIN AHUJA & ASSOCIATES.The company's voting result (opens in a new tab)
- Adoption of the Audited Standalone and Consolidated Financial Statements for the Financial Year ended 31st March, 2025 and Directors’ and Auditors’ Report thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 64.51% · promoters 92.09% · institutions 8.25% · other public 9.28%
- To appoint a Director in place of Mr. Hemnabh Ranvir Khatau (DIN:02390064), Non-Executive, Non-Independent Director who retires by rotation, and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 64.51% · promoters 92.09% · institutions 8.25% · other public 9.28%
Appointment of M/s. Ragini Chokshi & Co. (Certificate of Practice No. 1436), (Peer Reviewed Firm of Company Secretaries in Practice) as Secretarial Auditors for a period of 5 (five) years from Financial Year 2025-26 up to Financial Year 2029-30MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 64.51% · promoters 92.09% · institutions 8.25% · other public 9.28%
- To ratify the appointment and remuneration of the Cost Auditors for the Financial Year ending 31st March, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 64.51% · promoters 92.09% · institutions 8.25% · other public 9.28%
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 Aug 2024, 8 resolutions
Present: 8 promoters and 71 others.The company's voting result (opens in a new tab)
- To consider and adopt the Audited Standalone and Consolidated Financial statements of the Company for the financial year ended March 31, 2024 and Directors’ and Auditors’ Report thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.45% · promoters 92.08% · institutions 0.00% · other public 11.79%
To confirm payment of interim dividend of ¿ 1/- per share for the period ended 31st December, 2023 and to declare final dividend of ¿ 1/- per share on 11,09,82,543 fully paid up Equity Shares of ¿ 10/- each as on record date for the Financial Year ended 31st March, 2024.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.45% · promoters 92.08% · institutions 0.00% · other public 11.79%
- To appoint a Director in place of Mr. Hemang D. Mehta (DIN:00146580), Non-Executive, Non-Independent Director who retires by rotation, and being eligible, offers himself for re- appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 65.45% · promoters 92.08% · institutions 0.00% · other public 11.79%
- To ratify the appointment and remuneration of M/s. M. Goyal & Co, Cost Auditors of the Company for the financial year ending March 31, 2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.45% · promoters 92.08% · institutions 0.00% · other public 11.79%
- To consider and appoint Mr. Viren Ajitkumar Merchant (DIN: 00033464) as Non-Executive, Independent Director of the Company for a period of 5 (five) years from 28th May 2024 to 27th May 2029.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.46% · promoters 92.08% · institutions 0.00% · other public 11.82%
To consider resolution for Alteration of the Company’s Articles of Association by addition of new sub-clause no.(vii) as under after the existing sub-clause no.(vi) in Article 176A – Appointment of Chairman Emeritus. nn“(vii) – In addition to the above, at any time, the Board may decide to title any Director as “Chairman Emeritus “wherein such Director may continue to be on the Board of the Company and Article 176A (iv) shall not be applicable for such honorary title.”MoreLess
SpecialPromoters have an interest in it99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 4.24% · promoters 0.56% · institutions 0.00% · other public 11.82%
- To consider resolution for continuation of Mr. Mahendra N. Mehta (DIN: 00632865) as Non-Executive, Non-Independent Director, liable to retire by rotation with effect from 21st August, 2024.SpecialPromoters have an interest in it99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 4.24% · promoters 0.56% · institutions 0.00% · other public 11.82%
To consider resolution for the change in the designation of Mr. Jay M. Mehta (DIN: 00152072) from Executive Vice Chairman to Executive Chairman of the Company with effect from 21st August, 2024 and he shall hold office in the capacity of ‘Executive Chairman’ upto 31st December, 2026.MoreLess
SpecialPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 4.24% · promoters 0.56% · institutions 0.00% · other public 11.82%
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
- 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.