Steelco Gujarat MD, chairman, board of directors and AGM
BSE: 500399Industrial ProductsSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹207.25.
- 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.
- ₹128 Cr3,305th 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.
- Lossover the last 12 months
- 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
- ROEReturn on equity. Profit over 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, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 13 Aug 2026
- −222.7%
- 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
- −11.0%
- 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 26 May 2026
- 83.47
- Volume, BSEVolume. Shares traded on the last trading day.
- 1,609
Steelco Gujarat board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.
- Managing directorANOOP KUMAR SAXENA
- Company Secretary and Compliance OfficerBhavisha Dubber
8 directors4 independent2 executive2 non-executive
- ANOOP KUMAR SAXENA · Managing directorExecutive · joined Oct 2023 · 36 months as independent · 1 listed board · 1 committee seat
- MUKTA JAINNon-executive · joined Oct 2023 · 36 months as independent · 1 listed board
- SATISH KUMAR PANCHALIndependent · joined Apr 2024 · reappointed Apr 2026 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats
- ASHOK KUMAR NATWARLAL SHAHIndependent · joined Apr 2024 · reappointed Apr 2026 · 60 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 4 as chair
- RAJESH KIRTIVADAN KAPADIAIndependent · joined Oct 2024 · 24 months as independent · 1 listed board · 1 as independent · 2 committee seats
- SHANKAR R BHARADHWAJNominee, non-executive · joined Jan 2026 · 1 listed board
- SUBIR KUMAR CHOWDHURYIndependent · joined Feb 2026 · 36 months as independent · 1 listed board · 1 as independent · 2 committee seats
- DEEPAK SHARMAExecutive · joined Feb 2026 · 24 months as independent · 1 listed board
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
- ANSHOO RAJ KHARE, left 13 Jan 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 6 Jun 20267 of 8 present4 independent · 10 days in between
- 26 May 20267 of 8 present4 independent · 16 days in between
- 9 May 20268 of 8 present4 independent · 57 days in between
- 12 Mar 20268 of 8 present4 independent · 25 days in between
3 earlier meetings
- 14 Feb 20265 of 6 present3 independent · 31 days in between
- 13 Jan 20265 of 6 present3 independent · 11 days in between
- 1 Jan 20265 of 6 present3 independent
Audit Committee
Chair ASHOK KUMAR NATWARLAL SHAH
SATISH KUMAR PANCHAL, RAJESH KIRTIVADAN KAPADIA, ANOOP KUMAR SAXENA, SUBIR KUMAR CHOWDHURY
- 6 Jun 20265 of 5 present4 independent · 10 days in between
- 26 May 20264 of 4 present3 independent · 100 days in between
- 14 Feb 20264 of 4 present3 independent · 31 days in between
- 13 Jan 20264 of 4 present3 independent · 11 days in between
1 earlier meeting
- 1 Jan 20264 of 4 present3 independent
Nomination and remuneration committee
Chair SATISH KUMAR PANCHAL
ASHOK KUMAR NATWARLAL SHAH, RAJESH KIRTIVADAN KAPADIA, SUBIR KUMAR CHOWDHURY
- 9 May 20263 of 4 present3 independent · 83 days in between
- 14 Feb 20263 of 4 present3 independent · 31 days in between
- 13 Jan 20263 of 4 present3 independent · 11 days in between
- 1 Jan 20263 of 4 present3 independent
Stakeholders Relationship Committee
Chair ASHOK KUMAR NATWARLAL SHAH
SATISH KUMAR PANCHAL, RAJESH KIRTIVADAN KAPADIA, SUBIR KUMAR CHOWDHURY
- 14 Feb 20263 of 3 present3 independent
Rights Issue Committee
- 18 Feb 20262 of 2 present1 independent · 3 days in between
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.
- M SAHU & Co.Peer-review certificate valid to Jul 2028
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.
Steelco Gujarat 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.Steelco Gujarat share news and announcements
Annual general meeting, 25 Sep 2026
6,784 shareholders on the register on 18 Sep 2026; present: 5 promoters and 46 others; votes counted by Devesh Pathak / Devesh Pathak & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors' and the Auditors' thereon.MoreLess
Ordinary99.88% for0.12% againstAgainst: promoters 0.00% · institutions 0.00% · other public 2.59%
Turnout: all 78.22% · promoters 100.00% · institutions 0.00% · other public 14.08%
- To appoint a Director in place of Ms. Mukta Jain (DIN 10315222) as a director liable to retire by rotation and being eligible, offers herself for reappointment.Ordinary99.88% for0.12% against
Against: promoters 0.00% · institutions 0.00% · other public 2.59%
Turnout: all 78.22% · promoters 100.00% · institutions 0.00% · other public 14.08%
- To appoint M/s. T R Chadha & Co LLP, Chartered Accountants as Statutory Auditors of the Company.Ordinary99.88% for0.12% against
Against: promoters 0.00% · institutions 0.00% · other public 2.59%
Turnout: all 78.22% · promoters 100.00% · institutions 0.00% · other public 14.08%
- To appoint Mr. Sudeep Saxena (DIN: 09199917) as an Independent Director of the Company.Special99.88% for0.12% against
Against: promoters 0.00% · institutions 0.00% · other public 2.59%
Turnout: all 78.22% · promoters 100.00% · institutions 0.00% · other public 14.08%
To approve appointment of M/s. T R Chadha & Co LLP., Chartered Accountants as Statutory Auditors of the Company to fill up casual vacancy caused by resignation of M/s. M Sahu & Co., Chartered Accountants.MoreLess
OrdinaryPromoters have an interest in it99.88% for0.12% againstAgainst: promoters 0.00% · institutions 0.00% · other public 2.59%
Turnout: all 78.22% · promoters 100.00% · institutions 0.00% · other public 14.08%
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.
Fines
Reported in the filing for the quarter to Jun 2026.
- Fine or penaltyBSE LIMITEDSince 30 Jun 2026
BSE levied fine of Rs. 20,060 (inclusive of GST) for delayed compliance with Regulation 54(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company has filed a waiver application with BSE requesting waiver of the aforesaid fine, which is currently under consideration
Delay in disclosure of the extent and nature of security created and maintained with respect to secured listed Non-Convertible Debentures (NCDs) in the financial statements in the format prescribed by SEBI, resulting in non-compliance with Regulation 54(2) of the SEBI (LODR) Regulations, 2015.MoreLess
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
- 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
- No
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- Yes
- 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. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere | Spent elsewhere, amount | Reason and comments |
|---|---|---|---|---|---|---|---|
| Rights IssuesJun 2026, checked by Infomerics Valuation and Rating Limited | 14.90 | Funding the Long-Term Working Capital Requirements | 11.60 | 11.60 | No | No Deviation/Variation | |
| Rights IssuesJun 2026, checked by Infomerics Valuation and Rating Limited | 14.90 | General Corporate Purposes | 3.00 | 0.95 | No | No Deviation/Variation | |
| OthersJan 2026 | 140.00 | Repayment of the Existing Phoenix Facilities availed by the Company in full | 42.00 | 41.76 | Yes | Against the Outstanding Dues as approved by the Debenture Trustee | |
| OthersJan 2026 | 140.00 | Capital Expenditure | 10.00 | 10.00 | Yes | Against the Outstanding Dues as approved by the Debenture Trustee | |
| OthersJan 2026 | 140.00 | Working Capital Requirements | 80.00 | 79.81 | Yes | Against the Outstanding Dues as approved by the Debenture Trustee | |
| OthersJan 2026 | 140.00 | Any purpose as may be permitted by the Debenture Trustee/ Debenture Holders | 8.00 | 8.43 | Yes | 0.43 | Against the Outstanding Dues as approved by the Debenture Trustee |