Sheetal Cool Products logo

Sheetal Cool Products MD, chairman, board of directors and AGM

NSE: SCPLBSE: 540757Food ProductsSmall Cap

Last close ₹574.50down ₹17.85 (3.01%)BSE ₹594.70

Share price at the NSE close on 23 Oct 2026. Previous close ₹592.35.

52-week range of traded prices to 23 Oct 2026
₹190.03Low, 9 Dec 2025₹690.00High, 21 Aug 2026
Market cap
₹603 Cr2,005th largest listed
P/E
29.1
P/B
3.8
Dividend yield
Nonein the last 12 months
ROE
14.4%
ROCE
17.1%
Debt to equity
0.32
Volume, NSE
6,648

Sheetal Cool Products 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 directorBHUPATBHAI DAKUBHAI BHUVARelated to the promoter

6 directors3 independent3 executive

  • BHUPATBHAI DAKUBHAI BHUVA · Chairperson and managing directorExecutive · joined Oct 2013 · reappointed Sep 2025 · 1 listed board
  • DINESHKUMAR DAKUBHAI BHUVAExecutive · joined Oct 2013 · reappointed Sep 2025 · 1 listed board
  • SANJAY DAKUBHAI BHUVAExecutive · joined Oct 2013 · reappointed Sep 2025 · 1 listed board
  • AJAYKUMAR VIPULBHAI MANDANKAIndependent · joined Sep 2017 · reappointed Aug 2022 · 105 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • KIRANBEN NILESHBHAI GAJERAIndependent · joined Sep 2017 · reappointed Aug 2022 · 105 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • VIJAYBHAI B DESAIIndependent · joined Aug 2022 · reappointed Aug 2022 · 46 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.

Committees and meetings

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

  • Board

    • 30 Jun 20266 of 6 present3 independent · 39 days in between
    • 21 May 20266 of 6 present3 independent · 83 days in between
    • 26 Feb 20266 of 6 present3 independent · 13 days in between
    • 12 Feb 20266 of 6 present3 independent · 12 days in between
    5 earlier meetings
    • 30 Jan 20266 of 6 present3 independent · 6 days in between
    • 23 Jan 20266 of 6 present3 independent · 15 days in between
    • 7 Jan 20266 of 6 present3 independent · 1 day in between
    • 5 Jan 20266 of 6 present3 independent · 1 day in between
    • 3 Jan 20266 of 6 present3 independent

  • Audit Committee

    Chair AJAYKUMAR VIPULBHAI MANDANKA

    KIRANBEN NILESHBHAI GAJERA, VIJAYBHAI B DESAI

    • 21 May 20263 of 3 present3 independent · 83 days in between
    • 26 Feb 20263 of 3 present3 independent · 13 days in between
    • 12 Feb 20263 of 3 present3 independent · 35 days in between
    • 7 Jan 20263 of 3 present3 independent · 3 days in between
    1 earlier meeting
    • 3 Jan 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair AJAYKUMAR VIPULBHAI MANDANKA

    KIRANBEN NILESHBHAI GAJERA, VIJAYBHAI B DESAI

    • 21 May 20263 of 3 present3 independent · 133 days in between
    • 5 Jan 20263 of 3 present3 independent · 1 day in between
    • 3 Jan 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair AJAYKUMAR VIPULBHAI MANDANKA

    KIRANBEN NILESHBHAI GAJERA, VIJAYBHAI B DESAI

    • 7 Jan 20263 of 3 present3 independent · 1 day in between

  • Corporate Social Responsibility Committee

    Chair BHUPATBHAI DAKUBHAI BHUVA

    DINESHKUMAR DAKUBHAI BHUVA, AJAYKUMAR VIPULBHAI MANDANKA

    • 7 Jan 20263 of 3 present1 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.

  • M/s H B KALARIA & ASSOCIATESPeer-review certificate valid to Jul 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.

Sheetal Cool Products 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.Sheetal Cool Products share news and announcements

Annual general meeting, 29 Sep 2026

6,745 shareholders on the register on 22 Sep 2026; present: 11 promoters and 25 others; votes counted by NAYAN PRAFULBHAI PITRODA / PITRODA NAYAN & CO.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements including Balance Sheet, Statement of Profit and Loss and Cash Flow Statement for the Financial Year ended 31st March, 2026 together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.45% · promoters 100.00% · institutions 0.00% · other public 4.61%

  2. To consider re-appointment of Mr. Dineshbhai D Bhuva (DIN: 06616078), 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 71.45% · promoters 100.00% · institutions 0.00% · other public 4.61%

  3. Ratification of Remuneration of Cost Auditor
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.45% · promoters 100.00% · institutions 0.00% · other public 4.61%

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, 2 Apr 2026, 1 resolution

9,723 shareholders on the register on 20 Feb 2026; votes counted by CS Nayan Pitroda / M/s. Pitroda Nayan & Co..The company's voting result (opens in a new tab)

  1. Appointment of M/s. Pitroda Nayan & Co. Company secretaries as Secretarial Auditor of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 22.31% · promoters 29.29% · institutions 0.00% · other public 8.99%

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.

Extraordinary general meeting, 5 Feb 2026, 1 resolution

9,914 shareholders on the register on 29 Jan 2026; present: 10 promoters and 20 others; votes counted by Nayan Prafulbhai Pitroda / Pitroda Nayan & Co..The company's voting result (opens in a new tab)

  1. Issuance of Up To 8,40,000 (Eight Lakh Forty Thousand) Fully Convertible Warrants by Way of Preferential Allotment on Private Placement Basis to Non-Promoters
    Special
    100.00% for0.00% against

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

    Turnout: all 71.06% · promoters 100.00% · institutions 0.00% · other public 15.90%

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, 20 Sep 2025, 8 resolutions

10,838 shareholders on the register on 13 Sep 2025; present: 6 promoters and 37 others; votes counted by CHETAN B PATEL / CHETAN PATEL & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2025, together with Board's Report thereon and Auditors' Reports thereto.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.13% · promoters 100.00% · institutions 0.00% · other public 16.43%

  2. To appoint a director in place of Mr. Sanjaybhai Dakubhai Bhuva (DIN:06616086), who retires by rotation and being eligible, offers himself for re- appointment.
    OrdinaryPromoters have an interest in it
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.47%

    Turnout: all 43.49% · promoters 57.85% · institutions 0.00% · other public 16.43%

  3. Re-appointment of the Statutory Auditors
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.47%

    Turnout: all 71.13% · promoters 100.00% · institutions 0.00% · other public 16.43%

  4. Ratification of Remuneration of Cost Auditor.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.13% · promoters 100.00% · institutions 0.00% · other public 16.43%

  5. Appointment of Secretarial Auditor.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.13% · promoters 100.00% · institutions 0.00% · other public 16.43%

  6. Re-appointment of Mr. Bhupatbhai Dakubhai Bhuva (DIN: 06616061) as a Whole Time Director of the Company.
    SpecialPromoters have an interest in it
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.47%

    Turnout: all 43.49% · promoters 57.85% · institutions 0.00% · other public 16.43%

  7. Re-appointment of Mr. Dineshbhai Dakubhai Bhuva (DIN: 06616078) as a Whole Time Director of the Company.
    SpecialPromoters have an interest in it
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.47%

    Turnout: all 43.49% · promoters 57.85% · institutions 0.00% · other public 16.43%

  8. Re-appointment of Mr. Sanjaybhai Dakubhai Bhuva (DIN: 06616086) as a Whole Time Director of the Company.
    SpecialPromoters have an interest in it
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.47%

    Turnout: all 43.49% · promoters 57.85% · institutions 0.00% · other public 16.43%

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, 5 Sep 2024, 3 resolutions

Present: 10 promoters and 27 others.The company's voting result (opens in a new tab)

  1. Adoption of the audited standalone financial statements of the Company for the financial year ended March 31, 2024, together with Board's Report thereon and Auditors' Reports thereto.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.99% · promoters 100.00% · institutions 0.00% · other public 15.85%

  2. Reappointment of Mr. Bhupatbhai Dakubhai Bhuva (DIN: 0661061) , who was liable to retire by rotation and offered himself for re-appointment.
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.48%

    Turnout: all 68.71% · promoters 96.53% · institutions 0.00% · other public 15.85%

  3. Ratified the remuneration of Cost Auditor for financial year 2024-25
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.48%

    Turnout: all 70.99% · promoters 100.00% · institutions 0.00% · other public 15.85%

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 2023, 3 resolutions

Present: 10 promoters and 36 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2023, together with Board's Report thereon and Auditors' Reports thereto.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.39% · promoters 100.00% · institutions 0.00% · other public 16.86%

  2. To appoint a director in place of Mr. Dineshbhai D Bhuva (DIN: 06616078), 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 0.00%

    Turnout: all 71.39% · promoters 100.00% · institutions 0.00% · other public 16.86%

  3. Ratification of Remuneration of Cost Auditor.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.39% · promoters 100.00% · institutions 0.00% · other public 16.86%

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
Yes
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

Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesFeb 20266.67Deployment of deep freezers to expand retail outlet coverage3.753.75No
Preferential IssuesFeb 20266.67Advertising, Marketing and Promotional Activities2.922.92No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.