Shanti Gold International MD, chairman, board of directors and AGM
NSE: SHANTIGOLDBSE: 544459Consumer DurablesSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹394.30.
- Under NSE's long-term additional surveillance, stage I, on the list for 23 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- 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.
- ₹2,828 Cr1,286th 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.
- Earlier quarters restated in the year
- 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.
- Shares changed
- 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
- 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 13 Aug 2026
- 31.4%
- 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 21 May 2026
- 0.34
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 35,58,68933.4% delivered
Shanti Gold International 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 directorPankaj Kumar Hastimal JagawatRelated to the promoter
- Company Secretary and Compliance OfficerVrushti Shah
6 directors3 independent2 executive1 non-executive
- Pankaj Kumar Hastimal Jagawat · Chairperson and managing directorExecutive · joined Nov 2013 · reappointed Sep 2023 · 2 listed boards · 2 committee seats
- Manojkumar N JainExecutive · joined Nov 2013 · reappointed Sep 2023 · 1 listed board · 1 committee seat
- Shashank Bhawarlal JagawatNon-executive · joined Aug 2016 · reappointed Aug 2016 · 2 listed boards · 1 committee seat, 1 as chair
- Shah Purvi PathikIndependent · joined Jul 2024 · reappointed Jul 2024 · 24 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair
- Bhavika Yash GhuntlaIndependent · joined Jul 2024 · reappointed Jul 2024 · 24 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Mahansaria YashIndependent · joined Sep 2024 · reappointed Sep 2024 · 21 months as independent · 1 listed board · 1 as independent
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 20265 of 6 present2 independent · 10 days in between
- 19 Jun 20264 of 6 present2 independent · 28 days in between
- 21 May 20265 of 6 present2 independent · 9 days in between
- 11 May 20266 of 6 present3 independent · 52 days in between
1 earlier meeting
- 19 Mar 20265 of 6 present2 independent
Audit Committee
Chair Shah Purvi Pathik
Bhavika Yash Ghuntla, Pankaj Kumar Hastimal Jagawat
- 21 May 20263 of 3 present2 independent · 30 days in between
- 20 Apr 20263 of 3 present2 independent · 31 days in between
- 19 Mar 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Bhavika Yash Ghuntla
Shah Purvi Pathik, Shashank Bhawarlal Jagawat
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair Shashank Bhawarlal Jagawat
Shah Purvi Pathik, Manojkumar N Jain
No meeting listed in the filing.
Risk Management Committee
Chair Pankaj Kumar Hastimal Jagawat
Manojkumar N Jain, Bhavika Yash Ghuntla
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair Shah Purvi Pathik
Pankaj Kumar Hastimal Jagawat, Manojkumar N Jain
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 Mar 2026.
- J. Kala & AssociatesPeer-review certificate valid to Jan 2029
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.
Shanti Gold International 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.Shanti Gold International share news and announcements
Annual general meeting, 28 Sep 2026
43,119 shareholders on the register on 21 Sep 2026; present: 4 promoters and 32 others; votes counted by Maithili Nandedkar / MNB & Co. LLP.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026 together with the Reports of the Board of Directors and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.64% · promoters 100.00% · institutions 32.73% · other public 0.21%
- To appoint a director in place of Mr. Shashank Jagawat (DIN: 01824609), Non-Executive Director, who retires by rotation and, being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.64% · promoters 100.00% · institutions 32.73% · other public 0.21%
- To increase the borrowing powers of the Company under Section 180(1)(c) of the Companies Act, 2013.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.18%
Turnout: all 71.64% · promoters 100.00% · institutions 32.73% · other public 0.21%
- To create charge / security on the Company’s assets in respect of borrowings, under Section 180(1)(a) of the Companies Act, 2013.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 71.64% · promoters 100.00% · institutions 32.73% · other public 0.21%
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 Apr 2026, 2 resolutions
33,143 shareholders on the register on 20 Mar 2026; votes counted by Maithili Nandedkar / MNB & Co. LLP.The company's voting result (opens in a new tab)
- Re-appointment of Mr. Pankajkumar Jagawat (DIN: 01843846) as Managing Director and increase in his remunerationOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 22.67%
Turnout: all 37.75% · promoters 50.02% · institutions 6.40% · other public 0.09%
- Re-appointment of Mr. Manojkumar Jain (DIN: 01817027) as Whole-Time Director and increase in his remunerationOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 20.94%
Turnout: all 37.75% · promoters 50.02% · institutions 6.40% · 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.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 28 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026 together with the Reports of the Board of Directors and Auditors thereon.1 for0 against
- To appoint a director in place of Mr. Shashank Jagawat (DIN: 01824609), Non-Executive Director, who retires by rotation and, being eligible, offers himself for re-appointment.1 for0 against
- To create charge / security on the Company’s assets in respect of borrowings, under Section 180(1)(a) of the Companies Act, 2013.1 for0 against
1 proposal not matched to one resolution
To borrow, from time to time, such sum or sums of monies as it may deem requisite for the purpose of the business of the Company, inter alia, by way of loan or financial assistance from various bank(s), financial institution(s) and/or other lender(s), issue of debentures/ bonds/commercial papers or other debt instruments, with or without security, whether in India or outside India, and through acceptance of fixed deposits and corporate deposits (whether in Indian Rupees or in foreign currency), as the Board, at its sole discretion, may deem fit, notwithstanding that the monies so borrowed together with monies already borrowed by the Company (apart from the temporary loans obtained/to be obtained from the Company’s bankers in the ordinary course of business) may exceed the aggregate of the paid-up share capital of the Company, its free reserves and securities premium, provided that the total amount up to which monies may be borrowed by the Board shall not exceed a sum of Rs. 2,000 crore (Rupees Two Thousand Crore Only) at any point of time.MoreLess
1 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
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
- 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.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere | Reason and comments |
|---|---|---|---|---|---|---|
| Public IssuesAug 2025, checked by Acuite Ratings & Research Limited | 360.11 | Funding of capital expenditure requirements towards setting up of the Proposed Jaipur Facility | 46.30 | 7.31 | No | Audit committee: Refer Remarks below |
| Public IssuesAug 2025, checked by Acuite Ratings & Research Limited | 360.11 | Funding working capital requirements of our Company | 200.00 | 201.08 | No | Audit committee: Refer Remarks below |
| Public IssuesAug 2025, checked by Acuite Ratings & Research Limited | 360.11 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company | 17.00 | 17.00 | No | Audit committee: Refer Remarks below |
| Public IssuesAug 2025, checked by Acuite Ratings & Research Limited | 360.11 | General corporate purposes | 46.01 | 46.00 | No | Audit committee: Refer Remarks below |