Shilchar Technologies MD, chairman and AGM

Shilchar Technologies 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

Chairperson and managing directorALAY JITENDRA SHAHRelated to the promoter
Company Secretary and Compliance OfficerMs. Vishnupriya Civichan

7 directors4 independent3 executive

ALAY JITENDRA SHAH · Chairperson and managing directorExecutive · joined Oct 2007 · reappointed Aug 2022 · 1 listed board
RAJESH RAMA VARMAIndependent · joined Feb 2020 · reappointed Feb 2025 · 79 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
AASHAY ALAY SHAHExecutive · joined Nov 2021 · reappointed Aug 2022 · 1 listed board
RAKESH DHANRAJ BANSALIndependent · joined Feb 2024 · 31 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
NANDINI ASHISH TANDONIndependent · joined Mar 2025 · 18 months as independent · 1 listed board · 1 as independent
AATMAN ALAY SHAHExecutive · joined Mar 2026 · 1 listed board
ARVIND NOPANYIndependent · joined Mar 2026 · 6 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.

1 director who left

ZARKSIS JAHANGIR PARABIA, left 13 Mar 2026: Tenure Completion

Committees and meetings

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

Board
- 11 Aug 20266 of 7 present4 independent · 97 days in between
- 5 May 20267 of 7 present4 independent
Audit Committee
Chair RAJESH RAMA VARMA
RAKESH DHANRAJ BANSAL, NANDINI ASHISH TANDON
- 11 Aug 20263 of 3 present3 independent · 97 days in between
- 5 May 20263 of 3 present3 independent
Nomination and remuneration committee
Chair ARVIND NOPANY
RAKESH DHANRAJ BANSAL, NANDINI ASHISH TANDON
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair RAKESH DHANRAJ BANSAL
ARVIND NOPANY, NANDINI ASHISH TANDON
- 11 Aug 20263 of 3 present3 independent · 97 days in between
- 5 May 20263 of 3 present3 independent
Risk Management Committee
Chair AASHAY ALAY SHAH
RAJESH RAMA VARMA, BHARGAV BHATT
- 11 Aug 20263 of 3 present3 independent · 97 days in between
- 5 May 20263 of 3 present3 independent
Corporate Social Responsibility Committee
Chair ALAY JITENDRA SHAH
ARVIND NOPANY, RAKESH DHANRAJ BANSAL
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.

CNK & Associates LLPPeer-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.

Shilchar Technologies 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.Shilchar Technologies dividend history

Annual general meeting, 11 Aug 2026

43,790 shareholders on the register on 31 Jul 2026; present: 10 promoters and 43,828 others; votes counted by Mr. Kashyap Shah / Mr. Kashyap Shah.The company's voting result (opens in a new tab)

Adoption of Audited Financial Statements for the financial year ended on 31st March, 2026
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 63.32% · promoters 100.00% · institutions 16.68% · other public 1.29%
To declare a Dividend on equity shares of the Company for the financial year ended 31st March, 2026.
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 63.32% · promoters 100.00% · institutions 16.68% · other public 1.29%
To appoint a Director in place of Mr. Alay Jitendra Shah (DIN: 00263538), 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 0.08%
Turnout: all 63.32% · promoters 100.00% · institutions 16.68% · other public 1.29%
Remuneration to the Cost Auditors for the financial year 2026-27
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.37%
Turnout: all 63.32% · promoters 100.00% · institutions 16.68% · other public 1.29%
To re-appoint Mr. Aashay Alay Shah as Whole Time Director of the Company for five years.
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 44.73% · promoters 100.00% · institutions 1.67% · other public 1.29%
Approval of managerial remuneration of Mr. Alay Jitendra Shah (DIN: 00263538) as Managing Director Company
SpecialPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.76%
Turnout: all 63.32% · promoters 100.00% · institutions 16.68% · other public 1.29%

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, 4 resolutions

45,578 shareholders on the register on 30 Jan 2026; votes counted by Mr. Kashyap Shah / Mr. Kashyap Shah.The company's voting result (opens in a new tab)

Appointment of Mr. Aatman Alay Shah (DIN: 06886862) as a Director of the Company
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 63.44% · promoters 83.35% · institutions 18.90% · other public 32.20%
Appointment of Mr. Aatman Alay Shah (DIN: 06886862) as a 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 0.01%
Turnout: all 63.44% · promoters 83.35% · institutions 18.90% · other public 32.20%
Appointment of Independent Director
Special
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 73.78% · promoters 100.00% · institutions 18.90% · other public 32.20%
Approval for Increase in the Remuneration of Mr. Aashay Alay Shah Whole-Time Director (DIN: 06886870) 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 63.44% · promoters 83.35% · institutions 18.90% · other public 32.20%

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 6 Mar 2026, 1 fund house

Appointment of Mr. Aatman Alay Shah (DIN: 06886862) as a Director of the Company
1 for0 against
Appointment of Mr. Aatman Alay Shah (DIN: 06886862) as a Whole Time Director of the Company
1 for0 against
Appointment of Independent Director
1 for0 against
Approval for Increase in the Remuneration of Mr. Aashay Alay Shah Whole-Time Director (DIN: 06886870) of the Company
1 for0 against

Mutual fund votes, meeting of 12 Aug 2025, 1 fund house

Appointment of M/s. KSPS and Co LLP, Company Secretaries (LLPIN-ABC-4707) as the Secretarial Auditors of the Company to hold office for a term of 5 (five) consecutive years commencing from FY 2025-26 to FY 2029-30 and including remuneration.MoreLess
1 for0 against
Ratification of remuneration of Rs. 25,000/- excluding out of pocket expenses plus applicable GST payable to M/s. K H Shah and Co, Cost Accountants, Vadodara (FCS No.: 7662; CP No.: 6672) as a Cost Auditors of the Company for the FY 2025-26.MoreLess
1 for0 against
To appoint a Director in place of Mr. Aashay Alay Shah (DIN: 06886870), who retires by rotation and being eligible, offers himself for re-appointment.
1 for0 against
To approve Listing of Equity Shares of the Company with Main Board of National Stock Exchange of India Limited (NSE).
1 for0 against
To declare a dividend at the rate of Rs. 12.50/- per Equity Share of Rs. 10/- each fully paid-up of the Company for the financial year ended March 31, 2025
1 for0 against
To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended on 31st March, 2025 including the Balance Sheet as at 31st March, 2025 and the Statement of Profit and Loss and Cash Flow for the year ended on that date together with the reports of the Board of Directors and Auditors thereon.MoreLess
1 for0 against

3 earlier meetings

Mutual fund votes, meeting of 13 Jun 2025, 1 fund house

To consider and approve re-appointment of Mr. Rajesh Varma (DIN: 01034325) as an Independent Director of the Company, to hold once for a second term of 5 (Five) consecutive years i.e. w.e.f. February 08, 2025 to February 07, 2030.MoreLess
1 for0 against

Mutual fund votes, meeting of 22 May 2025, 1 fund house

To capitalize of such sums standing to the credit of the free reserves or such other account as may be considered necessary by Board of Directors of the Company (the Board), for the purpose of the issue of bonus equity shares of Rs. 10/- each, credited as fully paid up equity shares to the holders of the existing equity shares of the Company in consideration of their said holding and whose names appear in the Register of Members maintained by the Company/ List of Beneficial Owners as received from the National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL), on such date as may be fixed in this regard by the Board, in the proportion of 1 (One) equity share for every 2 (Two) existing equity shares held by the Members.MoreLess
1 for0 against

Mutual fund votes, meeting of 14 Mar 2025, 1 fund house

Appointment of Mrs. Nandini Ashish Tandon [DIN: 01657786] as an Independent Director of the Company, for a term of 5 [Five] consecutive years commencing from March, 26 2025 until March, 25 2030 [both days inclusive].MoreLess
1 for0 against
To increased from Rs. 10,00,00,000/- divided into 1,00,00,000 Equity Shares of Re. 10/- to Rs. 15,00,00,000/- divided into 1,50,00,000 Equity Shares of Re. 10/- each by creation of 50,00,000 Equity Shares of Re. 10/- each ranking pari passu with the existing Equity Shares of the Company.MoreLess
1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Dealings with its subsidiaries, promoters, directors and their firms, reported every half-year.Promoters and their stake

Half-year to Mar 2026: ₹4.8 Cr11 dealings
Half-year to Sep 2025: ₹17.0 Cr12 dealings
Half-year to Mar 2025: ₹6.2 Cr13 dealings
Half-year to Sep 2024: ₹9.7 Cr18 dealings
Half-year to Mar 2024: ₹5.9 Cr16 dealings
Half-year to Sep 2023: ₹6.7 Cr18 dealings

Between	Dealing
Shilchar Technologies Limited and Alay ShahPROMOTOR	Any other transactionCommission Paid	1.76	0.00	0.00
Shilchar Technologies Limited and NILE Transformers LtdMr. Alay Shah interested as stake holder in equity	Sale of goods or services	1.29	3.44	1.27
Shilchar Technologies Limited and Alay ShahPROMOTOR	Remuneration	0.97	0.09	0.07
Shilchar Technologies Limited and Aashay ShahPROMOTOR	Remuneration	0.80	0.07	0.06
Shilchar Technologies Limited and Aatman ShahPROMOTOR	Any other transactionPerquisite of free usage of Company's car	₹92,000	0.00	0.00
Shilchar Technologies Limited and Alay ShahPROMOTOR	Any other transactionReimbursement of Electricity Bill& credit card	₹67,000	0.00	0.00
Shilchar Technologies Limited and Aashay ShahPROMOTOR	Any other transactionReimbursement of Electricity Bill,free usage company’s car	₹63,000	0.00	0.00
Shilchar Technologies Limited and Alay Jitendra ShahDirector	Dividend paid	0.00	0.00	0.00
Shilchar Technologies Limited and Aashay Alay ShahDirector	Dividend paid	0.00	0.00	0.00
Shilchar Technologies Limited and Aatman Alay ShahDirector	Dividend paid	0.00	0.00	0.00
Shilchar Technologies Limited and Shilpa Alay ShahPROMOTOR	Dividend paid	0.00	0.00	0.00

The 11 largest of 11 dealings in the half-year to Mar 2026, ₹ crore.

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: 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: 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.

Shilchar Technologies board of directors

Committees and meetings

Board

Audit Committee

Nomination and remuneration committee

Stakeholders Relationship Committee

Risk Management Committee

Corporate Social Responsibility Committee