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Sejal Glass MD, chairman, board of directors and AGM

NSE: SEJALLTDBSE: 532993Industrial ProductsSmall Cap

Formerly Sejal Architectural Glass
Last close ₹845.45down ₹19.45 (2.25%)BSE ₹850.45

Share price at the NSE close on 23 Oct 2026. Previous close ₹864.90.

52-week range of traded prices to 23 Oct 2026
₹381.00Low, 2 Apr 2026₹1,036.70High, 28 Oct 2025
Market cap
₹964 Cr1,650th largest listed
P/E
25.5
P/B
5.6
Dividend yield
Nonein the last 12 months
ROE
33.0%
ROCE
16.8%
Debt to equity
0.89
Volume, NSE
68,50742.7% delivered

Sejal Glass 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

  • ChairpersonSURJI DAMJI CHHEDARelated to the promoter
  • Company Secretary and Compliance OfficerAshwin S Shetty

6 directors3 independent1 executive2 non-executive

  • SURJI DAMJI CHHEDA · ChairpersonNon-executive · joined May 2021 · reappointed Sep 2021 · 61 months as independent · 2 listed boards · 1 as independent
  • JIGGAR LAKSHMICHAND SAVLAExecutive · joined May 2021 · reappointed May 2026 · 61 months as independent · 1 listed board · 1 committee seat
  • CHIRAG HIMATLAL DOSHIIndependent · joined May 2021 · reappointed May 2026 · 61 months as independent · 4 listed boards · 2 as independent · 4 committee seats, 3 as chair
  • NEHA RAJEN GADAIndependent · joined May 2021 · reappointed May 2026 · 61 months as independent · 4 listed boards · 4 as independent · 8 committee seats, 1 as chair
  • VIJAY VASANJI MAMANIANon-executive · joined Mar 2022 · reappointed Apr 2024 · 51 months as independent · 1 listed board
  • AMRUTA SHRIPAD PATANKARIndependent · joined Apr 2022 · reappointed Jun 2022 · 51 months as independent · 1 listed board · 1 as independent · 1 committee seat

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

    • 16 May 20266 of 6 present3 independent · 20 days in between
    • 25 Apr 20266 of 6 present3 independent · 67 days in between
    • 16 Feb 20266 of 6 present3 independent

  • Audit Committee

    Chair CHIRAG HIMATLAL DOSHI

    NEHA RAJEN GADA, JIGGAR LAKSHMICHAND SAVLA, AMRUTA SHRIPAD PATANKAR

    • 16 May 20264 of 4 present3 independent · 20 days in between
    • 25 Apr 20263 of 3 present2 independent · 67 days in between
    • 16 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair NEHA RAJEN GADA

    CHIRAG HIMATLAL DOSHI, SURJI DAMJI CHHEDA

    • 16 May 20263 of 3 present2 independent · 102 days in between
    • 2 Feb 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair SURJI DAMJI CHHEDA

    CHIRAG HIMATLAL DOSHI, NEHA RAJEN GADA

    No meeting listed in the filing.

  • Implementation Committee

    CHIRAG HIMATLAL DOSHI, NEHA RAJEN GADA, JIGGAR LAKSHMICHAND SAVLA

    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 Sep 2026.

  • M/s Gokhale & Sathe LLP, Chartered AccountantsPeer-review certificate valid to Feb 2027
2 earlier auditors
  • M/s. Gokhale & Sathe, Chartered AccountantsNamed in filings from Mar 2025 to Jun 2026
  • M/S Gokhale & Sathe Chartered AcccountantsNamed in the filing for the quarter to Mar 2026

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.

Sejal Glass 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.Sejal Glass share news and announcements

Annual general meeting, 18 Jul 2026

7,317 shareholders on the register on 10 Jul 2026; present: 38 promoters and 59 others; votes counted by Harshad Pusalkar / Pusalkar & Co..The company's voting result (opens in a new tab)

  1. ADOPTION OF AUDITED STANDALONE FINANCIAL STATEMENTS ALONG WITH DIRECTORS’ REPORT AND AUDITORS’ REPORT THEREOF.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.61% · promoters 99.93% · institutions 92.76% · other public 1.23%

  2. ADOPTION OF AUDITED CONSOLIDATED FINANCIAL STATEMENTS ALONG WITH AUDITORS REPORT THEREON.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.61% · promoters 99.93% · institutions 92.76% · other public 1.23%

  3. RE-APPOINTMENT OF MR. JIGGAR SAVLA (DIN: 09055150) AS A DIRECTOR, LIABLE TO RETIRE BY ROTATION
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.54% · promoters 99.93% · institutions 92.76% · other public 0.95%

  4. RE-APPOINTMENT OF M/S GOKHALE & SATHE, CHARTERED ACCOUNTANTS,(FRN:103264W) AS STATUTORY AUDITORS OF THE COMPANY.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.61% · promoters 99.93% · institutions 92.76% · other public 1.23%

  5. TO APPROVE THE RE APPOINTMENT OF MR. JIGGAR SAVLA (DIN: 09055150), AS THE WHOLE TIME DIRECTOR OF THE COMPANY AND ALSO FIX REMUNERATION.
    Special
    100.00% for0.00% against

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

    Turnout: all 74.54% · promoters 99.93% · institutions 92.76% · other public 0.95%

  6. RE-APPOINTMENT OF MR. CHIRAG HIMATLAL DOSHI (DIN: 08532321) AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
    Special
    100.00% for0.00% against

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

    Turnout: all 74.61% · promoters 99.93% · institutions 92.76% · other public 1.23%

  7. RE-APPOINTMENT OF MS. NEHA RAJEN GADA (DIN: 01642373) AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
    Special
    100.00% for0.00% against

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

    Turnout: all 74.54% · promoters 99.93% · institutions 92.76% · other public 0.95%

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, 18 Mar 2026, 2 resolutions

6,568 shareholders on the register on 13 Feb 2026; votes counted by Ms. Vyoma Desai / Abbas Lakdawalla & Associates LLP.The company's voting result (opens in a new tab)

  1. APPROVE THE LIMITS OF RELATED PARTY TRANSACTIONS
    OrdinaryPromoters have an interest in it
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 11.12% · promoters 0.00% · institutions 64.88% · other public 36.50%

  2. TO INCREASE IN THRESHOLD OF LOANS OR GUARANTEES, PROVIDING OF SECURITIES AND MAKING OF INVESTMENTS IN SECURITIES UNDER SECTION 186 OF THE COMPANIES ACT, 2013.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 81.03% · promoters 99.93% · institutions 64.88% · other public 36.50%

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, 15 Oct 2025, 2 resolutions

4,923 shareholders on the register on 12 Sep 2025; votes counted by Harshad Pusalkar / Pusalkar & Co..The company's voting result (opens in a new tab)

  1. PREFERENTIAL ISSUANCE OF 13,00,000 (THIRTEEN LAKHS ONLY) EQUITY SHARES TO THE PERSONS FORMING PART OF PROMOTER & NON-PROMOTER GROUP, FOR CASH CONSIDERATION
    SpecialPromoters have an interest in it
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.09%

    Turnout: all 46.59% · promoters 57.02% · institutions 68.83% · other public 13.80%

  2. PREFERENTIAL ISSUANCE OF 4,00,000 (FOUR LAKHS ONLY) FULLY CONVERTIBLE WARRANTS (“WARRANTS”) ON PREFERENTIAL BASIS TO THE PERSON BELONGING TO “PROMOTER GROUP” FOR CASH CONSIDERATION
    SpecialPromoters have an interest in it
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.09%

    Turnout: all 46.59% · promoters 57.02% · institutions 68.83% · other public 13.80%

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 2025, 6 resolutions

5,239 shareholders on the register on 22 Sep 2025; present: 25 promoters and 40 others; votes counted by Harshad Pusalkar / Pusalkar & Co..The company's voting result (opens in a new tab)

  1. ADOPTION OF AUDITED STANDALONE FINANCIAL STATEMENTS ALONG WITH DIRECTORS REPORT AND AUDITOR'S REPORT THERE OF
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.51%

    Turnout: all 75.44% · promoters 99.93% · institutions 68.83% · other public 0.09%

  2. ADOPTION OF AUDITED CONSOLIDATED FINANCIAL STATEMENTS ALONG WITH AUDITOR'S REPORT THEREON
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.51%

    Turnout: all 75.44% · promoters 99.93% · institutions 68.83% · other public 0.09%

  3. TO APPOINT MR. VIJAY VASANJI MAMANIA, WHO RETIRES BY ROTATION AS A DIRECTOR
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.95%

    Turnout: all 75.44% · promoters 99.93% · institutions 68.83% · other public 0.09%

  4. TO APPOINT SECRETARIAL AUDITOR OF THE COMPANY
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.95%

    Turnout: all 75.44% · promoters 99.93% · institutions 68.83% · other public 0.09%

  5. TO APPROVE THE REMUNERATION PAYABLE TO MR. JIGGAR SAVLA (DIN: 09055150), WHOLE-TIME DIRECTOR OF THE COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.95%

    Turnout: all 75.44% · promoters 99.93% · institutions 68.83% · other public 0.09%

  6. ISSUE, OFFER AND ALLOT NON-CONVERTIBLE REDEEMABLE PREFERENCE SHARES (NCRPS) TO DILESH ROADLINES PRIVATE LIMITED PROMOTER OF THE COMPANY ON PRIVATE PLACEMENT BASIS.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.51%

    Turnout: all 75.44% · promoters 99.93% · institutions 68.83% · other public 0.09%

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, 24 May 2025, 2 resolutions

4,704 shareholders on the register on 18 Apr 2025; votes counted by Harshad Pusalkar / Pusalkar & Co..The company's voting result (opens in a new tab)

  1. Approval for increase in overall borrowing limits of the Company as per section 180(1)(c) of the Companies Act, 2013.
    Special
    100.00% for0.00% against

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

    Turnout: all 74.89% · promoters 99.73% · institutions 0.00% · other public 0.40%

  2. Approval to create charge on whole or substantially the whole of the undertaking of the Company.
    Special
    100.00% for0.00% against

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

    Turnout: all 74.89% · promoters 99.73% · institutions 0.00% · other public 0.40%

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, 11 Apr 2025, 2 resolutions

4,575 shareholders on the register on 7 Mar 2025; votes counted by Harshad Pusalkar / Pusalkar & Co..The company's voting result (opens in a new tab)

  1. APPROVE THE LIMITS OF RELATED PARTY TRANSACTIONS
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 4.32% · promoters 0.00% · institutions 68.83% · other public 15.83%

  2. TO OBTAIN APPROVAL TO ADVANCE ANY LOAN/GIVE GUARANTEE/PROVIDE SECURITY UNDER SECTION 185 OF THE COMPANIES ACT, 2013
    Special
    100.00% for0.00% against

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

    Turnout: all 78.82% · promoters 99.34% · institutions 68.83% · other public 15.83%

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, 29 Jan 2025, 3 resolutions

4,639 shareholders on the register on 27 Dec 2024; votes counted by Harshad Pusalkar / Pusalkar & Co..The company's voting result (opens in a new tab)

  1. PREFERENTIAL ISSUANCE OF UPTO 3,47,150 (THREE LAKHS FORTY SEVEN THOUSAND ONE HUNDRED AND FIFTY) EQUITY SHARES TO THE PERSONS/ENTITIES BELONGING TO NON PROMOTER, PUBLIC CATEGORY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 74.61% · promoters 99.34% · institutions 0.00% · other public 0.45%

  2. PREFERENTIAL ISSUANCE OF UP TO 1,77,850 (ONE LAKH SEVENTY SEVEN THOUSAND EIGHT HUNDRED AND FIFTY ONLY) FULLY CONVERTIBLE WARRANTS (“WARRANTS”) ON PREF ERENTIAL BASIS TO PERSON/S /ENTITIES BELONGING TO“PROMOTER/PROMOTER GROUPMoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 74.61% · promoters 99.34% · institutions 0.00% · other public 0.45%

  3. TO APPROVE RAISING OF FUNDS BY ISSUE OF ELIGIBLE SECURITIES THROUGH QUALIFIED INSTITUTIONS PLACEMENT
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 74.61% · promoters 99.34% · institutions 0.00% · other public 0.45%

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, 19 Jul 2024, 4 resolutions

Present: 23 promoters and 69 others.The company's voting result (opens in a new tab)

  1. ADOPTION OF AUDITED STANDALONE FINANCIAL STATEMENTS ALONG WITH DIRECTORS REPORT AND AUDITORS REPORT THEREOF.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.00% · promoters 99.81% · institutions 0.00% · other public 0.60%

  2. ADOPTION OF AUDITED CONSOLIDATED FINANCIAL STATEMENTS ALONG WITH AUDITORS REPORT.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 75.00% · promoters 99.81% · institutions 0.00% · other public 0.60%

  3. TO APPOINT MR. SURJI DAMJI CHHEDA, WHO RETIRES BY ROTATION AS A DIRECTOR.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.00% · promoters 99.81% · institutions 0.00% · other public 0.60%

  4. APPROVAL RELATING TO THE CHANGE IN DESIGNATION OF MR. VIJAY VASANJI MAMANIA FROM NON-EXECUTIVE INDEPENDENT DIRECTOR TO NON EXECUTIVE NON-INDEPENDENT DIRECTOR.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.00%

    Turnout: all 75.00% · promoters 99.81% · institutions 0.00% · other public 0.60%

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

Reported for the quarter to Sep 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. A statement's amounts are left out where the raise it states is more than ten times everything the company owns, a figure typed at the wrong scale.

RaisedAmount raisedForSet asideSpentSpent elsewhereReason and comments
Preferential IssuesSep 2025–Working Capital Requirements––No
The above allocation of funds is given for total proceeds of Rs. 94.35 Crores. However the Company has received Rs. 77.70 Crores as on 31st March, 2026 from issue of equity shares and warrants (Rs. 72.15 Crores from issue of equity share and Rs. 5.55 Crores from Warrants being 25% of the Warrant Amount and Balance 75% of Warrant Amount receivable is Rs. 16.65 Crores within 18 months period from the date of allotment of Warrants)MoreLess
Preferential IssuesSep 2025–Repayment of debts––No
The above allocation of funds is given for total proceeds of Rs. 94.35 Crores. However the Company has received Rs. 77.70 Crores as on 31st March, 2026 from issue of equity shares and warrants (Rs. 72.15 Crores from issue of equity share and Rs. 5.55 Crores from Warrants being 25% of the Warrant Amount and Balance 75% of Warrant Amount receivable is Rs. 16.65 Crores within 18 months period from the date of allotment of Warrants)MoreLess
Preferential IssuesSep 2025–Capital expenditure, including towards development, refurbishment and renovation of our assets; any other cost incurred towards the main business objects of the Company;––No
The above allocation of funds is given for total proceeds of Rs. 94.35 Crores. However the Company has received Rs. 77.70 Crores as on 31st March, 2026 from issue of equity shares and warrants (Rs. 72.15 Crores from issue of equity share and Rs. 5.55 Crores from Warrants being 25% of the Warrant Amount and Balance 75% of Warrant Amount receivable is Rs. 16.65 Crores within 18 months period from the date of allotment of Warrants)MoreLess
Preferential IssuesSep 2025–investment in subsidiaries & associates––No
The above allocation of funds is given for total proceeds of Rs. 94.35 Crores. However the Company has received Rs. 77.70 Crores as on 31st March, 2026 from issue of equity shares and warrants (Rs. 72.15 Crores from issue of equity share and Rs. 5.55 Crores from Warrants being 25% of the Warrant Amount and Balance 75% of Warrant Amount receivable is Rs. 16.65 Crores within 18 months period from the date of allotment of Warrants)MoreLess
₹ 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.