Siyaram Silk Mills logo

Siyaram Silk Mills CEO, MD, chairman, board of directors and AGM

NSE: SIYSILBSE: 503811Textiles & ApparelsSmall Cap

Last close ₹476.75down ₹13.65 (2.78%)BSE ₹479.10

Share price at the NSE close on 23 Oct 2026. Previous close ₹490.40.

52-week range of traded prices to 23 Oct 2026
₹433.35Low, 30 Mar 2026₹848.80High, 4 Nov 2025
Market cap
₹2,163 Cr1,057th largest listed
P/E
9.1
P/B
1.5
Dividend yield
3.36%
ROE
17.3%
ROCE
14.2%
Debt to equity
0.22
Volume, NSE
34,69450.4% delivered

Siyaram Silk Mills 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 director and CEORamesh Kumar PoddarRelated to the promoter
  • Company Secretary and Compliance OfficerMahipal Thakur

10 directors5 independent5 executive

  • Ramesh Kumar Poddar · Chairperson and managing director and CEOExecutive · joined Jan 1989 · reappointed Nov 2022 · 1 listed board · 1 committee seat
  • Pawankumar Dharaprasad PoddarExecutive · joined Jan 1989 · reappointed Aug 2024 · 1 listed board · 1 committee seat
  • Shrikishan PoddarExecutive · joined Oct 1989 · reappointed Nov 2022 · 1 listed board
  • Gaurav PoddarExecutive · joined Aug 2012 · reappointed Aug 2022 · 1 listed board
  • Ashok Kumar JalanExecutive · joined Jan 2007 · reappointed Jan 2025 · 1 listed board · 2 committee seats
  • Sachindra Nath ChaturvediIndependent · joined Aug 2019 · reappointed Aug 2024 · 26 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Mangala Radhakrishna PrabhuIndependent · joined Mar 2019 · reappointed Mar 2024 · 30 months as independent · 3 listed boards · 3 as independent · 4 committee seats
  • Ashok Naraharrao DesaiIndependent · joined Aug 2019 · reappointed Aug 2024 · 26 months as independent · 1 listed board · 1 as independent
  • Deepak Rameshchandra ShahIndependent · joined Aug 2019 · reappointed Aug 2024 · 26 months as independent · 4 listed boards · 2 as independent · 4 committee seats, 1 as chair
  • Chetan Shashikant ThakkarIndependent · joined Aug 2019 · reappointed Aug 2024 · 26 months as independent · 1 listed board · 1 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.

Committees and meetings

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

  • Board

    • 30 Jul 202610 of 10 present5 independent · 71 days in between
    • 19 May 202610 of 10 present5 independent

  • Audit Committee

    Chair Sachindra Nath Chaturvedi

    Mangala Radhakrishna Prabhu, Deepak Rameshchandra Shah, Ashok Kumar Jalan

    • 30 Jul 20264 of 4 present3 independent · 71 days in between
    • 19 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Sachindra Nath Chaturvedi

    Mangala Radhakrishna Prabhu, Chetan Shashikant Thakkar

    • 30 Jul 20263 of 3 present3 independent · 71 days in between
    • 19 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Chetan Shashikant Thakkar

    Ramesh Kumar Poddar, Pawankumar Dharaprasad Poddar, Ashok Kumar Jalan

    • 30 Jul 20264 of 4 present1 independent · 71 days in between
    • 19 May 20264 of 4 present1 independent

  • Risk Management Committee

    Chair Gaurav Poddar

    Ashok Kumar Jalan, Sachindra Nath Chaturvedi, Surendra Sanjeeva Shetty

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Ramesh Kumar Poddar

    Pawankumar Dharaprasad Poddar, Deepak Rameshchandra Shah, Ashok Kumar Jalan

    • 30 Jul 20264 of 4 present1 independent · 71 days in between
    • 19 May 20264 of 4 present1 independent

  • TCWG

    • 22 Jun 20266 of 6 present5 independent · 38 days in between
    • 14 May 20266 of 6 present5 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 Jun 2026.

  • Jayantilal Thakkar and CoPeer-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.

Siyaram Silk Mills 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.Siyaram Silk Mills dividend history

Annual general meeting, 1 Aug 2026

46,505 shareholders on the register on 25 Jul 2026; present: 14 promoters and 65 others; votes counted by PRASEN NAITHANI / P. NAITHANI & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Adoption of Standalone and Consolidated Audited Financial Statements for the financial year ended March 31, 2026 and the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.12% · promoters 98.50% · institutions 85.30% · other public 3.10%

  2. To confirm Interim Dividends (including a special dividend) paid on Equity Shares and declare Final Dividend of Rs. 5 per share (250%) on Equity Shares of the Company for the Financial Year ended March 31, 2026.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.15% · promoters 98.50% · institutions 85.93% · other public 3.10%

  3. Re-appointment of Shri. Pawan D. Poddar (DIN: 00090521), as a Director, who retires by rotation.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 69.48% · promoters 96.02% · institutions 85.93% · other public 3.11%

  4. Ratification of remuneration of Rs. 6,00,000/- (Rupees Six Lakhs Only) payable to M/s. K. G. Goyal & Associates, Cost Accountants (FRN 000024) as Cost Auditors for the financial year ending March 31, 2027.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 71.15% · promoters 98.50% · institutions 85.93% · other public 3.10%

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.

Meeting called by the tribunal, 29 Dec 2025, 1 resolution

5,872 shareholders on the register on 22 Dec 2025; present: 0 promoters and 106 others; votes counted by PRASEN NAITHANI / P. NAITHANI & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To approve the Scheme of Arrangement between Siyaram Silk Mills Limited and its shareholders ("Scheme") by the Unsecured Creditors of the Company, under Section 230 of the Companies Act, 2013.
    Special
    100.00% for0.00% against

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

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

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, 2 Aug 2025, 5 resolutions

52,148 shareholders on the register on 26 Jul 2025; present: 20 promoters and 66 others; votes counted by PRASEN NAITHANI / P. NAITHANI & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (including Audited Consolidated Financial Statements) for the financial year ended March 31, 2025 and the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    99.52% for0.48% against

    Against: promoters 0.00% · institutions 0.00% · other public 34.88%

    Turnout: all 71.76% · promoters 98.09% · institutions 90.34% · other public 3.62%

  2. To confirm the Interim Dividends paid on Equity Shares and declare Final Dividend of Rs. 5.00 per share (250%) on Equity Shares of the Company for the Financial Year ended March 31, 2025 .
    Ordinary
    99.52% for0.48% against

    Against: promoters 0.00% · institutions 0.00% · other public 34.88%

    Turnout: all 71.78% · promoters 98.09% · institutions 90.89% · other public 3.62%

  3. To appoint a Director in place of Shri. Ashok M. Jalan (DIN: 00456869), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    96.46% for3.54% against

    Against: promoters 0.00% · institutions 47.30% · other public 34.88%

    Turnout: all 71.78% · promoters 98.09% · institutions 90.89% · other public 3.62%

  4. Ratification of remuneration payable to M/s. K. G. Goyal & Associates, Cost Accountants (FRN 000024) as Cost Auditors of the Company for the financial year ending March 31, 2026.
    Ordinary
    99.52% for0.48% against

    Against: promoters 0.00% · institutions 0.00% · other public 34.88%

    Turnout: all 71.78% · promoters 98.09% · institutions 90.89% · other public 3.62%

  5. Appointment of M/s. GMJ & Associates, Company Secretary in Practice, to conduct the Secretarial Audit for a period of 5(five) consecutive years to hold office from the conclusion of the 47th Annual General Meeting(AGM) till the 52nd AGM i.e. FY 2025-26 to FY 2029-30MoreLess
    Ordinary
    99.52% for0.48% against

    Against: promoters 0.00% · institutions 0.00% · other public 34.88%

    Turnout: all 71.78% · promoters 98.09% · institutions 90.89% · other public 3.62%

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 Sep 2024, 1 resolution

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

  1. ADOPTION OF NEW SET OF MEMORANDUM OF ASSOCIATION OF THEnCOMPANY AS PER COMPANIES ACT, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 69.29% · promoters 95.78% · institutions 93.05% · other public 3.54%

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 Jul 2024, 10 resolutions

Present: 20 promoters and 61 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (including Audited Consolidated Financial Statements) for the financial year ended 31st March, 2024 and the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 70.33% · promoters 98.09% · institutions 93.73% · other public 1.68%

  2. To confirm the Interim Dividends paid on Equity Shares and declare Final Dividend of Rs. 4.00 per share (200%) on Equity Shares of the Company for the financial year ended 31st March, 2024 .
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 70.39% · promoters 98.09% · institutions 95.19% · other public 1.68%

  3. To appoint a Director in place of Shri. Shrikishan D. Poddar (DIN: 00160323), 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 0.07%

    Turnout: all 70.39% · promoters 98.09% · institutions 95.19% · other public 1.68%

  4. Ratification of remuneration payable to M/s. K. G. Goyal & Associates, Cost Accountants (FRN 000024) as Cost Auditors of the Company for the financial year ending 31st March, 2025.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.39% · promoters 98.09% · institutions 95.19% · other public 1.68%

  5. Re-appointment of Shri. Sachindra N. Chaturvedi (DIN: 00553459) as an Independent Director of the Company for a second term of 5(five) consecutive years from 1st August, 2024 upto 31st July, 2029.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 70.39% · promoters 98.09% · institutions 95.19% · other public 1.68%

  6. Re-appointment of Shri. Deepak R. Shah (DIN: 06954206) as an Independent Director of the Company for a second term of 5(five) consecutive years from 1st August, 2024 upto 31st July, 2029.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 70.39% · promoters 98.09% · institutions 95.19% · other public 1.67%

  7. Re-appointment of Shri. Ashok N. Desai (DIN: 03609419) as an Independent Director of the Company for a second term of 5(five) consecutive years from 1st August, 2024 upto 31st July, 2029.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 70.39% · promoters 98.09% · institutions 95.19% · other public 1.67%

  8. Re-appointment of Shri. Chetan S. Thakkar (DIN: 03273267) as an Independent Director of the Company for a second term of 5(five) consecutive years from 1st August, 2024 upto 31st July, 2029.
    Special
    100.00% for0.00% against

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

    Turnout: all 70.39% · promoters 98.09% · institutions 95.19% · other public 1.67%

  9. Re-appointment of Shri. Pawan D. Poddar (DIN: 00090521) as a Joint Managing Director of the Company for a further period of 5 (five) years from 1st August, 2024 upto 31st July, 2029.
    SpecialPromoters have an interest in it
    98.11% for1.90% against

    Against: promoters 0.00% · institutions 35.51% · other public 0.16%

    Turnout: all 70.39% · promoters 98.09% · institutions 95.19% · other public 1.68%

  10. Re-appointment of Shri. Ashok M. Jalan (DIN: 00456869) as a Senior President Cum Director of the Company for a further period of 5 (five) years from 30th January, 2025 to 29th January, 2030.
    Special
    98.20% for1.80% against

    Against: promoters 0.00% · institutions 33.67% · other public 0.07%

    Turnout: all 70.39% · promoters 98.09% · institutions 95.19% · other public 1.68%

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.

Postal ballot, 21 Mar 2024, 2 resolutions

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

  1. Re-appointment of Smt. Mangala R. Prabhu (DIN 06450659) as an Independent Director of the Company
    Special
    99.09% for0.91% against

    Against: promoters 0.00% · institutions 14.49% · other public 0.54%

    Turnout: all 72.65% · promoters 100.00% · institutions 96.20% · other public 2.44%

  2. Continuation of appointment of Shri. Pawan D. Poddar (DIN 00090521) as Joint Managing Director upon attaining the age of 70 years.
    SpecialPromoters have an interest in it
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.96% · other public 2.70%

    Turnout: all 70.98% · promoters 97.52% · institutions 96.20% · other public 2.44%

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 Aug 2023, 4 resolutions

Present: 20 promoters and 69 others.The company's voting result (opens in a new tab)

  1. Adoption of Standalone and Consolidated Audited Financial Statements for the financial year ended 31st March, 2023 and the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 69.78% · promoters 93.42% · institutions 88.91% · other public 4.24%

  2. To confirm Interim Dividends paid on Equity Shares and declare Final Dividend of Rs. 4.00 per share (200%) on Equity Shares of the Company for the financial year ended 31st March, 2023.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 69.91% · promoters 93.42% · institutions 90.83% · other public 4.24%

  3. To appoint a Director in place of Shri. Gaurav P. Poddar (DIN:03230539), 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 0.18%

    Turnout: all 69.91% · promoters 93.42% · institutions 90.83% · other public 4.24%

  4. Ratification of remuneration payable M/s. K. G. Goyal & Associates, Cost Accountants (FRN 000024) as Cost Auditors of the Company for the financial year ending 31st March, 2024.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 69.90% · promoters 93.42% · institutions 90.83% · other public 4.24%

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 Mar 2022, 1 resolution

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

  1. Re-appointment of Shri. Ashok Jalan (DIN 00456869) as a Whole Time Director designated as Senior President cum Director for a period of 3(three) years w.e.f. 30th January, 2022
    Ordinary
    97.76% for2.24% against

    Against: promoters 0.00% · institutions 18.32% · other public 0.06%

    Turnout: all 74.96% · promoters 97.04% · institutions 89.95% · other public 2.64%

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 29 Dec 2025, 1 fund house

  • To approve the Scheme of Arrangement between Siyaram Silk Mills Limited and its shareholders ("Scheme") by the Unsecured Creditors of the Company, under Section 230 of the Companies Act, 2013.
    1 for0 against

Mutual fund votes, meeting of 2 Aug 2025, 1 fund house

  • To receive, consider and adopt the Audited Financial Statements (including Audited Consolidated Financial Statements) for the financial year ended March 31, 2025 and the Reports of the Board of Directors and Auditors thereon.MoreLess
    1 for0 against
  • To confirm the Interim Dividends paid on Equity Shares and declare Final Dividend of Rs. 5.00 per share (250%) on Equity Shares of the Company for the Financial Year ended March 31, 2025 .
    1 for0 against
  • To appoint a Director in place of Shri. Ashok M. Jalan (DIN: 00456869), who retires by rotation and being eligible, offers himself for re-appointment.
    1 for0 against
  • Ratification of remuneration payable to M/s. K. G. Goyal & Associates, Cost Accountants (FRN 000024) as Cost Auditors of the Company for the financial year ending March 31, 2026.
    1 for0 against
  • Appointment of M/s. GMJ & Associates, Company Secretary in Practice, to conduct the Secretarial Audit for a period of 5(five) consecutive years to hold office from the conclusion of the 47th Annual General Meeting(AGM) till the 52nd AGM i.e. FY 2025-26 to FY 2029-30MoreLess
    1 for0 against
3 earlier meetings

Mutual fund votes, meeting of 21 Mar 2024, 3 fund houses

  • Re-appointment of Smt. Mangala R. Prabhu (DIN 06450659) as an Independent Director of the Company
    Against DSP Mutual Fund
    • DSP Mutual FundMs. Mangala Prabhu, 69, is former General Manager of Union Bank of India. She has over four decades of experience in the banking sector. She has been on the board of Siyaram Silk Mills since 25 March 2019. She has attended all four board meetings held in FY23 and all four board meetings held in FY24 till the date of notice. Ms. Mangala Prabhu has been a member of the Nomination and Remuneration Committee (NRC) since August 2019. We believe the NRC has failed to benchmark promoter remuneration in the context of the company’s internal pay structures, despite pushback from investors. The promoter’s family remuneration was Rs. 321.6 mn in FY23, which was 17.9% of consolidated employee benefit costs and 9.7% of consolidated PBT.
    2 for1 against
  • Continuation of appointment of Shri. Pawan D. Poddar (DIN 00090521) as Joint Managing Director upon attaining the age of 70 years.
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Skewed remuneration in favor of Promoter EDs.
    1 for2 against

Mutual fund votes, meeting of 5 Aug 2023, 1 fund house

  • Adoption of Standalone and Consolidated Audited Financial Statements for the financial year ended 31st March, 2023 and the Reports of the Board of Directors and Auditors thereon.
    1 for0 against
  • To confirm Interim Dividends paid on Equity Shares and declare Final Dividend of Rs. 4.00 per share (200%) on Equity Shares of the Company for the financial year ended 31st March, 2023.
    1 for0 against
  • To appoint a Director in place of Shri. Gaurav P. Poddar (DIN:03230539), who retires by rotation and being eligible, offers himself for re-appointment.
    1 for0 against
  • Ratification of remuneration payable M/s. K. G. Goyal & Associates, Cost Accountants (FRN 000024) as Cost Auditors of the Company for the financial year ending 31st March, 2024.
    1 for0 against

Mutual fund votes, meeting of 23 Mar 2022, 1 fund house

  • Re-appointment of Shri. Ashok Jalan (DIN 00456869) as a Whole Time Director designated as Senior President cum Director for a period of 3(three) years w.e.f. 30th January, 2022
    1 for0 against

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

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeGST DepartmentSince 18 Jul 2024
    Appeal yet to be heard
    At the filing before: Appeal filed with the First Appellate Authority for Rs. 8.54 Lakhs under the GST Act for 2018-19
  • Tax disputeMumbai Municipal CorporationSince 23 Jan 2023
    Matter yet to be heard
    At the filing before: Property Tax matters pending with the Supreme Court of India Rs. 51.48 Lakhs which pertains to FY 2010 to 2024

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

At most 2 complaints open, quarter to Jun 2026.
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
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.