Sarthak Metals logo

Sarthak Metals CEO, MD, chairman, board of directors and AGM

NSE: SMLTBSE: 540393Industrial ProductsSmall Cap

Last close ₹74.05down ₹2.08 (2.73%)BSE ₹73.75

Share price at the NSE close on 23 Oct 2026. Previous close ₹76.13.

52-week range of traded prices to 23 Oct 2026
₹56.61Low, 30 Mar 2026₹121.00High, 4 Nov 2025
Market cap
₹101 Cr2,923rd largest listed
P/E
20.8
P/B
0.8
Dividend yield
Nonein the last 12 months
ROE
4.0%
ROCE
3.8%
Debt to equity
0.05
Volume, NSE
12,74255.8% delivered

Sarthak Metals 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

  • Managing directorAnoop Kumar Bansal
  • Chief executiveMayur Bhatt
  • ChairpersonSunil Kumar Agrawal
  • Company Secretary and Compliance OfficerPratik Jain

7 directors3 independent3 executive1 non-executive

  • Anoop Kumar Bansal · Managing directorExecutive · joined Jul 1995 · reappointed Aug 2024 · 1 listed board
  • Sanjay Chamanlal ShahExecutive · joined Jan 2003 · reappointed Aug 2024 · 1 listed board
  • Mayur Bhatt · Chief executiveExecutive · joined Aug 2016 · reappointed Aug 2024 · 1 listed board
  • Sunil Kumar Agrawal · ChairpersonNon-executive · joined Feb 2020 · reappointed Feb 2020 · 1 listed board
  • Dwadasi Venkata GiriIndependent · joined Jul 2020 · reappointed Jul 2025 · 74 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • Sunil Dutt BhattIndependent · joined Aug 2021 · reappointed Dec 2025 · 62 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Ushasree BhagavatulaIndependent · joined Aug 2026 · reappointed Aug 2026 · 2 months as independent · 1 listed board · 1 as independent · 2 committee seats

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
  • Rama Kohli, left 22 Aug 2026: Tenure Completion

Committees and meetings

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

  • Board

    • 13 Aug 20267 of 8 present3 independent · 33 days in between
    • 10 Jul 20265 of 7 present2 independent · 48 days in between
    • 22 May 20266 of 7 present3 independent

  • Audit Committee

    Chair Dwadasi Venkata Giri

    Sunil Dutt Bhatt, Ushasree Bhagavatula

    • 13 Aug 20262 of 3 present2 independent · 33 days in between
    • 10 Jul 20262 of 3 present2 independent · 48 days in between
    • 22 May 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair Dwadasi Venkata Giri

    Sunil Dutt Bhatt, Ushasree Bhagavatula

    • 13 Aug 20262 of 3 present2 independent · 33 days in between
    • 10 Jul 20262 of 3 present2 independent · 48 days in between

  • Stakeholders Relationship Committee

    Chair Dwadasi Venkata Giri

    Sunil Dutt Bhatt, Ushasree Bhagavatula

    • 22 May 20263 of 3 present3 independent

  • Corporate Social Responsibility Committee

    Chair Dwadasi Venkata Giri

    Sunil Dutt Bhatt, Ushasree Bhagavatula

    • 13 Aug 20262 of 3 present2 independent · 82 days in between
    • 22 May 20263 of 3 present3 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.

  • BEGANI AND BEGANIPeer-review certificate valid to May 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.

Sarthak Metals 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.Sarthak Metals dividend history

Annual general meeting, 18 Aug 2026

11,348 shareholders on the register on 11 Aug 2026; present: 12 promoters and 28 others; votes counted by Mr. Atul Jain / Atul Jain & Co..The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.59% · promoters 100.00% · institutions 100.00% · other public 18.15%

  2. Appointment of a Director retiring by rotation
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.59% · promoters 100.00% · institutions 100.00% · other public 18.15%

  3. Appointment of Mrs. Ushasree Bhagavatula (DIN: 11480507) as Independent Women Director
    Special
    100.00% for0.00% against

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

    Turnout: all 74.59% · promoters 100.00% · institutions 100.00% · other public 18.15%

  4. To approve Material Related Party Transactions of the Company with M/s Bansal Brothers
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 0.79% · promoters 0.00% · institutions 100.00% · other public 2.10%

  5. Ratification of remuneration of Cost Auditor
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.59% · promoters 100.00% · institutions 100.00% · other public 18.15%

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, 12 Dec 2025, 2 resolutions

12,128 shareholders on the register on 7 Nov 2025; votes counted by Mr. Atul Jain / Atul Jain & Co..The company's voting result (opens in a new tab)

  1. Addition in the main object of the Company and consequential alteration to the Object Clause of the Memorandum of Association of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 71.00% · promoters 94.85% · institutions 100.00% · other public 18.02%

  2. Re-appointment of Mr. Sunil Dutt Bhatt (DIN: 09263587) as Independent Director
    Special
    100.00% for0.00% against

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

    Turnout: all 71.00% · promoters 94.85% · institutions 100.00% · other public 18.02%

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, 25 Jul 2025, 7 resolutions

12,294 shareholders on the register on 18 Jul 2025; present: 11 promoters and 31 others; votes counted by Mr. Atul Jain / Atul Jain & Co..The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.00% · promoters 98.08% · institutions 97.46% · other public 17.21%

  2. Appointment of a Director retiring by rotation
    Ordinary
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.04%

    Turnout: all 73.00% · promoters 98.08% · institutions 97.46% · other public 17.21%

  3. Declaration of Dividend
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.00% · promoters 98.08% · institutions 97.46% · other public 17.21%

  4. Re-appointment of Mr. Dwadasi Venkata Giri (DIN: 02565046) as Independent Director
    Special
    100.00% for0.00% against

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

    Turnout: all 73.00% · promoters 98.08% · institutions 97.46% · other public 17.21%

  5. To approve Material Related Party Transactions of the Company with M/s Bansal Brothers
    OrdinaryPromoters have an interest in it
    99.73% for0.27% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.33%

    Turnout: all 0.84% · promoters 0.00% · institutions 97.46% · other public 2.25%

  6. Ratification of remuneration of Cost Auditor
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.00% · promoters 98.08% · institutions 97.46% · other public 17.21%

  7. Appointment of Secretarial Auditor
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.00% · promoters 98.08% · institutions 97.46% · other public 17.21%

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.

Annual general meeting, 20 Aug 2024, 11 resolutions

Present: 14 promoters and 25 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited FinancialnStatements
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.07% · promoters 100.00% · institutions 100.00% · other public 18.76%

  2. Appointment of a Director retiring by rotation
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.07% · promoters 100.00% · institutions 100.00% · other public 18.76%

  3. Re-appointment of Mr. Anoop Kumar Bansal (DIN: 01661844) as Managing Director
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 75.07% · promoters 100.00% · institutions 100.00% · other public 18.76%

  4. Re-appointment of Mr. Sanjay Chamanlal Shah (DIN: 00350967) as Whole-Time Director
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 75.07% · promoters 100.00% · institutions 100.00% · other public 18.76%

  5. Re-appointment of Mr. Mayur Bhatt (DIN: 07586457) as Whole-Time Director
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 75.07% · promoters 100.00% · institutions 100.00% · other public 18.76%

  6. To approve Material Related Party Transactions of the Company with M/s Bansal Brothers
    OrdinaryPromoters have an interest in it
    99.91% for0.09% against

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

    Turnout: all 0.97% · promoters 0.00% · institutions 100.00% · other public 2.50%

  7. Approval of remuneration of related party, Mr. Sarthak Bansal, holding office or place of profit
    OrdinaryPromoters have an interest in it
    78.98% for21.02% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.11%

    Turnout: all 0.97% · promoters 0.00% · institutions 100.00% · other public 2.50%

  8. Approval of remuneration of related party, Mr. Samarth Bansal, holding office or place of profit
    OrdinaryPromoters have an interest in it
    78.97% for21.03% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.12%

    Turnout: all 0.97% · promoters 0.00% · institutions 100.00% · other public 2.50%

  9. Approval of remuneration of related party, Mr. Gaurav Agarwal, holding office or place of profit
    OrdinaryPromoters have an interest in it
    78.97% for21.03% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.12%

    Turnout: all 0.97% · promoters 0.00% · institutions 100.00% · other public 2.50%

  10. Approval of remuneration of related party, Mr. Manoj Kumar Bansal, holding office or place ofnprofit
    OrdinaryPromoters have an interest in it
    78.97% for21.03% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.12%

    Turnout: all 0.97% · promoters 0.00% · institutions 100.00% · other public 2.50%

  11. Ratification of remuneration of Cost Auditor
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.07% · promoters 100.00% · institutions 100.00% · other public 18.76%

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, 21 Aug 2023, 6 resolutions

Present: 12 promoters and 22 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited Financial Statements of the Company for the Financial Year ended 31st March, 2023 and the reports of the Board of Directors and the Statutory Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.43% · promoters 95.58% · institutions 28.77% · other public 19.04%

  2. To declare a final dividend of ₹ 01/- (Rupee One Only) per equity share 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 72.43% · promoters 95.58% · institutions 28.77% · other public 19.04%

  3. To appoint a director in place of Mr. Sanjay Chamanlal Shah (DIN: 00350967), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.54% for0.46% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 72.43% · promoters 95.58% · institutions 28.77% · other public 19.04%

  4. To approve Material Related Party Transactions of the Company with M/s Bansal Brothers
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 0.83% · promoters 0.00% · institutions 28.77% · other public 1.71%

  5. To approve and fix the remuneration of the Mr. Anoop Kumar Bansal (DIN: 01661844), Managing Director of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 72.43% · promoters 95.58% · institutions 28.77% · other public 19.04%

  6. To approve and fix the remuneration of the Mr. Sanjay Chamanlal Shah (DIN: 00350967), 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 0.00%

    Turnout: all 72.43% · promoters 95.58% · institutions 28.77% · other public 19.04%

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 Sep 2022, 9 resolutions

Present: 11 promoters and 13 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited financialnstatements of the Company for the financialnyear ended March 31, 2022 with all annexure andnattachments thereto including the Auditor’s Reportnand the Directors’ Report.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 86.24% · promoters 100.00% · institutions 0.00% · other public 54.38%

  2. To declare a final dividend of ₹ 01/- (Rupee One Only) per equity share for the Financial Year ended March 31, 2022.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 86.24% · promoters 100.00% · institutions 0.00% · other public 54.38%

  3. To appoint a director in place of Mr. Mayur Bhattn(DIN:07586457), who retires by rotation and beingneligible, offers himself for reappointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 86.24% · promoters 100.00% · institutions 0.00% · other public 54.38%

  4. Re-appointment of M/s Begani and Begani, CharterednAccountants (FRN: 010779C), as Statutory Auditors ofnthe Company:
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 86.24% · promoters 100.00% · institutions 0.00% · other public 54.38%

  5. To approve Material Related Party Transactions ofnthe Company with M/s Bansal Brothers:
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 8.06% · promoters 0.00% · institutions 0.00% · other public 26.72%

  6. Ratification of remuneration payable to Cost Auditors
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 86.24% · promoters 100.00% · institutions 0.00% · other public 54.38%

  7. To approve and fix the remuneration of thenMr. Anoop Kumar Bansal (DIN: 01661844), ManagingnDirector of the Company:
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 86.24% · promoters 100.00% · institutions 0.00% · other public 54.38%

  8. To approve and fix the remuneration of thenMr. Sanjay Chamanlal Shah (DIN: 00350967), Whole-nTime Director of the Company:
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 86.24% · promoters 100.00% · institutions 0.00% · other public 54.38%

  9. To approve and fix the remuneration of thenMr. Mayur Bhatt (DIN: 07586457), Whole- TimenDirector and CEO of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 86.24% · promoters 100.00% · institutions 0.00% · other public 54.38%

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 disputeDeputy Commissioner, Central Tax, BhilaiSince 3 Aug 2024
    Tax Paid, Appeal is under consideration
    At the filing before: Status remain same
  • Tax disputeJoint Commissioner of State Tax, DurgSince 5 Apr 2019
    Tax Paid, Appeal is under consideration
    At the filing before: Status remain same
  • Tax disputeCommissioner of Income Tax AppealsSince 15 Nov 2019
    Ongoing / Appeal is under consideration
    At the filing before: Status remain same
  • Tax disputeJoint Commissioner of (Appeals) of the Commissioner of Income Tax (Appeals)Since 15 Nov 2019
    Ongoing / Appeal is under consideration
    At the filing before: Status remain same
  • Tax disputeProvident FundSince 29 Aug 2024
    Ongoing / Appeal is under consideration
    At the filing before: Status remain same

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
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
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.