Servotech Renewable Power System logo

Servotech Renewable Power System MD, chairman, board of directors and AGM

NSE: SERVOTECHElectrical EquipmentSmall Cap

Formerly Servotech Power Systems
Last close ₹63.30down ₹1.80 (2.77%)

Share price at the NSE close on 23 Oct 2026. Previous close ₹65.10.

52-week range of traded prices to 23 Oct 2026
₹57.51Low, 30 Jan 2026₹125.38High, 23 Oct 2025
Market cap
₹1,430 Cr1,195th largest listed
P/E
38.2
P/B
5.0
Dividend yield
0.03%
ROE
14.3%
ROCE
11.0%
Debt to equity
0.71
Volume, NSE
3,69,28946.4% delivered

Servotech Renewable Power System 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

  • ChairpersonRAMAN BHATIA
  • Company Secretary and Compliance OfficerRUPINDER KAUR

10 directors6 independent3 executive1 non-executive

  • RAMAN BHATIA · ChairpersonExecutive · joined Sep 2004 · reappointed Jun 2022 · 1 listed board · 1 committee seat
  • SARIKA BHATIAExecutive · joined Sep 2004 · reappointed Aug 2024 · 1 listed board
  • RAJESH MOHAN RAINon-executive · joined Feb 2021 · reappointed Dec 2022 · 1 listed board · 1 committee seat
  • ANUPAM GUPTAIndependent · joined Feb 2021 · reappointed Feb 2024 · 67 months as independent · 1 listed board · 1 as independent
  • SAMPAT RAIIndependent · joined Aug 2022 · reappointed Aug 2025 · 49 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • MEENAKSHISUNDARAM KOLANDAIVELIndependent · joined Jun 2023 · reappointed Jun 2026 · 39 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • GIRISH KUMAR AHUJAIndependent · joined May 2025 · reappointed May 2025 · 16 months as independent · 5 listed boards · 4 as independent · 8 committee seats, 3 as chair
  • MRITYUNJAY KUMAR JHAExecutive · joined Jul 2026 · reappointed Jul 2026 · 1 listed board
  • YOGITA PATRAIndependent · joined Jun 2025 · reappointed Jun 2025 · 15 months as independent · 1 listed board · 1 as independent
  • PRABHAT KUMARIndependent · joined Dec 2025 · reappointed Dec 2025 · 9 months as independent · 2 listed boards · 2 as independent · 1 committee seat, 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.

1 director who left
  • DIGVIJAY KAPOOR, left 23 Jul 2026: Others

Committees and meetings

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

  • Board

    • 27 Aug 20268 of 10 present5 independent · 36 days in between
    • 21 Jul 20269 of 10 present6 independent · 81 days in between
    • 30 Apr 202610 of 10 present5 independent

  • Audit Committee

    Chair MEENAKSHISUNDARAM KOLANDAIVEL

    SAMPAT RAI, RAMAN BHATIA

    • 27 Aug 20262 of 3 present1 independent · 36 days in between
    • 21 Jul 20263 of 3 present2 independent · 81 days in between
    • 30 Apr 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair SAMPAT RAI

    ANUPAM GUPTA, MEENAKSHISUNDARAM KOLANDAIVEL

    • 27 Aug 20262 of 3 present2 independent · 36 days in between
    • 21 Jul 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair MEENAKSHISUNDARAM KOLANDAIVEL

    SAMPAT RAI, RAJESH MOHAN RAI

    No meeting listed in the filing.

  • Risk Management Committee

    Chair SAMPAT RAI

    RAMAN BHATIA, SARIKA BHATIA, Vipin Kaushik

    • 21 Jul 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair RAJESH MOHAN RAI

    SAMPAT RAI, SARIKA BHATIA, ANUPAM GUPTA

    • 27 Aug 20264 of 4 present2 independent · 118 days in between
    • 30 Apr 20263 of 4 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.

  • ROHIT KC JAIN & COMPANYPeer-review certificate valid to Mar 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.

Servotech Renewable Power System 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.Servotech Renewable Power System dividend history

Annual general meeting, 25 Sep 2026

1,96,430 shareholders on the register on 18 Sep 2026; present: 9 promoters and 47 others; votes counted by Debabrata Deb Nath / R&D Company Secretaries.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt a) The Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2026, together with the Reports of the Board of Directors and the Auditors thereon; and b) The Audited Consolidated Financial Statements for the financial year ended 31st March, 2026, together with the Reports of the Auditors thereon;MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 67.55% · promoters 100.00% · institutions 7.36% · other public 21.66%

  2. To appoint a Director in place of Mr. Rajesh Mohan Rai (DIN: 09050751), 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 0.02%

    Turnout: all 67.55% · promoters 100.00% · institutions 7.36% · other public 21.66%

  3. To declare Final Dividend on Equity Shares of Rs. 0.02 (Rupees Two Paise Only) per Equity Share of face value of Rs. 1/- of the Company as recommended by Board for the financial year 2025-26.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 67.55% · promoters 100.00% · institutions 7.36% · other public 21.66%

  4. RE-APPOINTMENT OF MR. RAMAN BHATIA (DIN: 00153827) AS MANAGING DIRECTOR OF THE COMPANY AND APPROVAL OF HIS REMUNERATION
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 9.19% · other public 0.02%

    Turnout: all 67.55% · promoters 100.00% · institutions 7.36% · other public 21.66%

  5. APPROVE AND REVISE THE REMUNERATION OF MS. SARIKA BHATIA (DIN: 00155602), WHOLE- TIME DIRECTOR OF THE COMPANY
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 67.55% · promoters 100.00% · institutions 7.36% · other public 21.66%

  6. APPOINTMENT OF MR. MRITYUNJAY KUMAR JHA (DIN: 11841840) AS A DIRECTOR OF THE COMPANY
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 67.55% · promoters 100.00% · institutions 7.36% · other public 21.66%

  7. APPOINTMENT OF MR. MRITYUNJAY KUMAR JHA (DIN: 11841840) AS WHOLE-TIME DIRECTOR, DESIGNATED AS EXECUTIVE DIRECTOR (ADMINISTRATION), OF THE COMPANY
    Special
    100.00% for0.00% against

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

    Turnout: all 67.55% · promoters 100.00% · institutions 7.36% · other public 21.66%

  8. CREATION OF MORTGAGE AND/OR CHARGE UNDER SECTION 180(1)(A)
    Special
    100.00% for0.00% against

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

    Turnout: all 67.55% · promoters 100.00% · institutions 7.36% · other public 21.66%

  9. APPROVE OVERALL BORROWING LIMITS UNDER SECTION 180(1) (C) OF THE COMPANIES ACT, 2013 UP TO RS. 800 CRORES
    Special
    100.00% for0.00% against

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

    Turnout: all 67.55% · promoters 100.00% · institutions 7.36% · other public 21.66%

  10. RATIFY THE REMUNERATION OF COST AUDITORS FOR THE FINANCIAL YEAR 2026-27
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 67.55% · promoters 100.00% · institutions 7.36% · other public 21.66%

  11. CONSIDER AND APPROVE MATERIAL RELATED PARTY TRANSACTIONS WITH RHINE SOLAR LIMITED UNDER REGULATION 23 OF SEBI (LODR) REGULATION, 2015
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 67.55% · promoters 100.00% · institutions 7.36% · other public 21.66%

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 Mar 2026, 2 resolutions

2,02,889 shareholders on the register on 30 Jan 2026; votes counted by Debabrata Deb Nath / [email protected].The company's voting result (opens in a new tab)

  1. Regularization of Appointment of Dr. Prabhat Kumar (DIN: 06415793) as Non-Executive Independent Director of the Company
    Special
    99.99% for0.01% against

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

    Turnout: all 67.08% · promoters 100.00% · institutions 9.97% · other public 20.69%

  2. Re-appointment of Mr. Meenakshisundaram Kolandaivel (DIN: 09854605) as Non-Executive Independent Director of the Company
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 98.42% · other public 0.05%

    Turnout: all 67.08% · promoters 100.00% · institutions 9.97% · other public 20.68%

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, 5 resolutions

2,10,099 shareholders on the register on 23 Sep 2025; present: 9 promoters and 56 others; votes counted by Debabrata Deb Nath / R&D Company Secretaries.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt a) The Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2025, together with the Reports of the Board of Directors and the Auditors thereon; and b) The Audited Consolidated Financial Statements for the financial year ended 31st March, 2025, together with the Reports of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 67.29% · promoters 100.00% · institutions 5.77% · other public 21.57%

  2. To appoint a Director in place of Mrs. Sarika Bhatia (DIN: 00155602), who retires by rotation and being eligible, offers herself for re-appointment
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 67.29% · promoters 100.00% · institutions 5.77% · other public 21.57%

  3. To declare Final Dividend on Equity Shares of H 0.05/- (Rupees Five Paise Only) per Equity Share of face value of H 1/- of the Company as recommended by Board for the financial year 2024-25
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 67.29% · promoters 100.00% · institutions 5.77% · other public 21.57%

  4. To appoint R & D Company secretaries, as Secretarial Auditor Secretarial Auditors of the Company for a term of five consecutive years
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 67.29% · promoters 100.00% · institutions 5.77% · other public 21.57%

  5. To ratify the remuneration of Cost Auditors for the financial year 2025-26
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 67.29% · promoters 100.00% · institutions 5.77% · other public 21.57%

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, 31 Jul 2025, 5 resolutions

2,06,312 shareholders on the register on 27 Jun 2025; votes counted by Debabrata Deb Nath / [email protected].The company's voting result (opens in a new tab)

  1. Regularization of Appointment of Mr. Girish Kumar Ahuja (DIN: 00446339) as Non-Executive Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 68.48% · promoters 99.99% · institutions 20.66% · other public 23.47%

  2. Regularization of Appointment of Mr. Digvijay Kapoor (DIN-11146998) as an Executive Director (Human Resources) of the Company.
    Special
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 16.52% · other public 0.07%

    Turnout: all 68.48% · promoters 99.99% · institutions 20.66% · other public 23.46%

  3. Regularization of Appointment of Dr. Yogita Patra (DIN: 11168879) as Non-Executive Woman Independent Director of The Company.
    Special
    100.00% for0.00% against

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

    Turnout: all 68.48% · promoters 99.99% · institutions 20.66% · other public 23.46%

  4. Authorization to the Board of Directors under Section 180 (1)(a) of the Companies Act, 2013 for creation of charge upto the limit of Rs. 600 crores
    Special
    99.99% for0.01% against

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

    Turnout: all 68.48% · promoters 99.99% · institutions 20.66% · other public 23.46%

  5. To approve overall borrowing limits under Section 180(1) (c) of the Companies Act, 2013 upto Rs. 600 crores
    Special
    100.00% for0.00% against

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

    Turnout: all 68.48% · promoters 99.99% · institutions 20.66% · other public 23.46%

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.

Postal ballot, 4 Dec 2024, 2 resolutions

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

  1. CHANGE IN NAME OF THE COMPANY FROM ¿SERVOTECH POWER SYSTEMS LIMITED¿ TO ¿SERVOTECH RENEWABLE POWER SYSTEM LIMITED¿ AND CONSEQUENTIAL ALTERATION TO MOA AND AOA OF THE COMPANY
    Special
    100.00% for0.00% against

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

    Turnout: all 68.37% · promoters 100.00% · institutions 1.40% · other public 25.82%

  2. TO CONSIDER AND APPROVE SHIFTING OF REGISTERED OFFICE OF THE COMPANY FROM THE ¿STATE OF NATIONAL CAPITAL TERRITORY OF DELHI¿ TO THE ¿STATE OF HARYANA
    Special
    100.00% for0.00% against

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

    Turnout: all 68.37% · promoters 100.00% · institutions 1.40% · other public 25.82%

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.

Postal ballot, 23 Oct 2024, 2 resolutions

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

  1. Increase the Authorised Share Capital of the Company and consequential alteration of Memorandum of Association of the Company
    Ordinary
    99.98% for0.02% against

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

    Turnout: all 69.43% · promoters 100.00% · institutions 1.24% · other public 28.77%

  2. ISSUE OF WARRANTS, CONVERTIBLE INTO EQUITY SHARES ON PREFERENTIAL BASIS TO PROMOTER AND CERTAIN IDENTIFIED NON-PROMOTERS
    SpecialPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 69.43% · promoters 100.00% · institutions 1.24% · other public 28.77%

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, 5 resolutions

Present: 8 promoters and 55 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt:na) The Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2024, together with the Reports of the Board of Directors and the Auditors thereon; andnb) The Audited Consolidated Financial Statements for the financial year ended 31st March, 2024, together with the Reports of the Auditors thereonnMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.12% · promoters 100.00% · institutions 47.47% · other public 28.75%

  2. To appoint a Director in place of Mr. Rajesh Mohan Rai (DIN: 09050751), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 72.12% · promoters 100.00% · institutions 47.47% · other public 28.75%

  3. To declare Final Dividend on Equity Shares of Rs. 0.05/- (Five Paisa Only) per Equity Share of face value of Rs. 1/- of the Company as recommended by Board for the financial year 2023-24
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.22% · promoters 100.00% · institutions 48.59% · other public 28.75%

  4. To approve the re-appointment of Mr. Sampat Rai, (DIN: 07710412) as the Non-Executive Independent Director of the Company for a second term of 3 consecutive years
    Special
    99.99% for0.01% against

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

    Turnout: all 72.12% · promoters 100.00% · institutions 47.47% · other public 28.75%

  5. To ratify the remuneration of Cost Auditors for the financial year 2024-25
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.12% · promoters 100.00% · institutions 47.47% · other public 28.75%

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, 20 Apr 2024, 4 resolutions

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

  1. AuthorizationttotthetBoardtoftDirectorstundertSectiont180t(1)t(a)toftthetCompaniestAct,t2013tfortcreationtoftchargetuptotthetlimittoftRs.t300tcrores
    Special
    100.00% for0.00% against

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

    Turnout: all 69.51% · promoters 100.00% · institutions 0.00% · other public 22.65%

  2. TotapprovetoveralltborrowingtlimitstundertSectiont180(1)t(c)toftthetCompaniestAct,t2013¿upttotRs.t300tcrores
    Special
    100.00% for0.00% against

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

    Turnout: all 69.51% · promoters 100.00% · institutions 0.00% · other public 22.65%

  3. TotapprovetandtrevisetthetremunerationtstructuretoftMr.tRamantBhatiat(DIN:t00153827),tManagingtDirectortoftthetCompany
    SpecialPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.28%

    Turnout: all 69.51% · promoters 100.00% · institutions 0.00% · other public 22.65%

  4. TotapprovetandtrevisetthetremunerationtstructuretoftMs.tSarikatBhatiat(DIN:t00155602),tWholetTimetDirectortoftthetCompany
    SpecialPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.30%

    Turnout: all 69.51% · promoters 100.00% · institutions 0.00% · other public 22.65%

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 Sep 2026.

  • Tax disputeCommissioner of Income TaxSince 22 May 2022
    Appeal is pending at Commisioner of Income Tax (Appeals)(Date of order is mentioned)
    At the filing before: Appeal is pending at commissioner of income Tax (Apeals)
  • Tax disputeCommissioner of Income TaxSince 22 May 2023
    Appeal is pending at Commisioner of Income Tax (Appeals)(Date of order is mentioned)
    At the filing before: Appeal is pending at commissioner of income Tax (Apeals)
  • Tax disputeCommissioner of Income TaxSince 26 Dec 2019
    Appeal is pending at Commisioner of Income Tax (Appeals)(Date of order is mentioned)
    At the filing before: Appeal is pending at commissioner of income Tax (Apeals)
  • Tax disputeHVAT 2003Since 1 Apr 2019
    Pending at HVAT Authority(Date is tentative as it is very old matter)
    At the filing before: Pendig at HVAT Authority

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
No
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.

How money raised was used

Reported for the quarter to Jun 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.

RaisedAmount raisedForSet asideSpentSpent elsewhere
OthersApr 20251.25––No
OthersJun 20256.26––No
₹ 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.