Sunlite Recycling Industries MD, chairman, board of directors and AGM
NSE: SUNLITEIndustrial Products
Share price at the NSE close on 23 Oct 2026. Previous close ₹630.50.
- Next results date: the board meets on 2 Nov 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price.
- ₹829 Cr
- 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. The filing of 27 Apr 2026
- 20.2
- 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. The filing of 27 Apr 2026
- 5.1
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.17%
- 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 company's own balance sheet from before it began consolidating; the two agree where both are first on record. The filing of 27 Apr 2026
- 37.0%
- 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 27 Apr 2026
- 0.13
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 48,90079.8% delivered
Sunlite Recycling Industries 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
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.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- Gopal Shah & Co.Peer-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.
Sunlite Recycling Industries 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.Sunlite Recycling Industries dividend history
Annual general meeting, 30 Sep 2026
1,525 shareholders on the register on 23 Sep 2026; present: 10 promoters and 6 others; votes counted by Murtuza Mandor / Murtuza Mandorwala & Associates.The company's voting result (opens in a new tab)
- ADOPTION OF AUDITED STANDALONE & CONSOLIDATED FINANCIAL STATEMENTSOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 56.15% · promoters 74.20% · institutions 4.06% · other public 2.98%
- RE-APPOINTMENT OF MRS. KHUSHBOO MANISHKUMAR HEDA (DIN: 09696263), AS A DIRECTOR LIABLE TO RETIRE BY ROTATIONOrdinaryPromoters have an interest in it99.95% for0.05% against
Against: promoters 0.00% · institutions 100.00% · other public 0.00%
Turnout: all 56.15% · promoters 74.20% · institutions 4.06% · other public 2.98%
- TO DECLARE FINAL DIVIDEND ON EQUITY SHARES FOR THE FINANCIAL YEAR ENDED 31/03/2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 56.15% · promoters 74.20% · institutions 4.06% · other public 2.98%
- TO RATIFY THE REMUNERATION OF THE COST AUDITOR FOR THE FINANCIAL YEAR 2026-27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 56.15% · promoters 74.20% · institutions 4.06% · other public 2.98%
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 May 2026, 3 resolutions
1,004 shareholders on the register on 24 Apr 2026; votes counted by MURTUZA MANDOR / Murtuza Mandorwala & Associates.The company's voting result (opens in a new tab)
- REGULERIZATION AND APPOINTMENT OF MR. AKSHAYKUMAR HEDA (DIN: 09715674) AS CHAIRMAN AND NON-EXECUTIVE DIRECTOR OF THE COMPANYOrdinaryPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.61%
Turnout: all 57.06% · promoters 74.70% · institutions 0.00% · other public 5.77%
- REGULERIZATION AND APPOINTMENT OF MR. MANISH HEDA (DIN: 09715675) AS AN EXECUTIVE DIRECTOR OF THE COMPANY AND APPOVAL OF REMUNERATION THEREOFSpecialPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.61%
Turnout: all 57.06% · promoters 74.70% · institutions 0.00% · other public 5.77%
- REGULERIZATION AND APPOINTMENT OF MS. KRISA SHAH (DIN: 10377008) AS A NON- EXECUTIVE INDEPENDENT DIRECTOR OF THE COMPANYSpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.61%
Turnout: all 57.06% · promoters 74.70% · institutions 0.00% · other public 5.77%
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 Jun 2026.
- Tax disputeIncome Tax DepartmentSince 2 Mar 2025
The Income Tax Department issued a Demand Order under Section 156 and 158BC (1) (C) r.w.s. 143(3) of the Income Tax Act, 1961 for a Block Period 01/04/2018 to 23/04/2025 demanding tax on undisclosed Income for a said period for an amount of Rs. 7.11 CroresMoreLess
At the filing before: Income Tax Department (“IT Department”) conducted search under the Income Tax Act, 1961 at the offices and manufacturing units of the Company and residential address of Mr. Nitin Kumar Heda- Managing Director, Mr. PrahladraiRamdayal Heda-Whole Time Director, Mrs. Khushboo Manishkumar Heda- Director and Mr. Manish Kumar Heda - CFO from 27/02/2025 to 02/03/2025.As of date, no assessment order has been received by the Company in relation to the search. The Company has not received any written communication from the Income Tax Department to date regarding any violations or contraventions committed or alleged to have been committedMoreLess
- Tax disputeState Tax Officer Ghatak 49 (Nadiad):Range - 13:Division - 6: GujaratSince 25 Aug 2024The current status of the dispute remains the same and the Company has filed an Appeal with Appellate Authority on 08-10-2024
At the filing before: Demand Order has been Issued for Differential tax liability on B2B Outward supply as per Outward Supply E-way bill data and GSTR-01 and claiming ITC in excess of what's showing in GSTR2A for FY 2019-20 under section 73.MoreLess
- Tax disputeAssistant Commissioner Jurisdiction: Ghatak 49 (Nadiad) , Range - 13 , Division - 6 , GujaratSince 24 Jul 2025The current status of the dispute remains the same and the Company has filed an Appeal with Appellate Authority on 26-08-2025
At the filing before: Demand Order has been passed for Ineligible ITC as per section 16(2) claimed from cancelled taxpayers, non-genuine and non-existent Taxpayers and return/ tax defaulters.The order raised a demand on the Company aggregating to Rs. 4.64 Crore towards tax, Rs. 4.02 Crore towards interest, and Rs. 4.64 Crore as penaltyMoreLess
- Tax disputeState Tax Officer Ghatak 49 (Nadiad):Range - 13:Division - 6:GujaratSince 15 Jan 2025The current status of the dispute remains the same and the Company has filed an Appeal with Appellate Authority on 19-03-2025At the filing before: Demand Order has been passed for ClaimingIneligible ITC from cancelled taxpayers, nongenuine and non-existent Taxpayers and return/ tax defaulters under section 74 in FY 2019-20
- Tax disputeAssistant Commissioner Division -1 AhemdabadSince 14 Nov 2025The current status of the dispute remains the same and the Company has filed an Appeal with Appellate Authority on 15-12-2025.
At the filing before: The GST Department passed a Demand Order by disallpwed Input Tax Credit Rs. 7,65,207/- and charged Interest of Rs. 10,31,332/- and imposed penalty of Rs. 7,65,207/- under Section 74 of the CGST Act 2017/GGST Act 2017MoreLess
- Tax disputeASSISTANT COMMISSIONER OF STATE TAX (1) ENFORCEMENT, DIVISION-06 VADODARA.Since 19 Dec 2025The current status of the dispute remains the same and the Company has filed an Appeal with Appellate Authority on 03-03-2026
At the filing before: The GST Department passed a Demand Order by disallpwed Input Tax Credit Rs. 41,72,918/- and charged Interest of Rs. 54,24,564/- and imposed penalty of Rs. 41,72,918/- under Section 74 of the CGST Act 2017/GGST Act 2017MoreLess
- Tax disputeAssistant Commissioner Jurisdiction: Ghatak 49 (Nadiad) , Range - 13 , Division - 6 , GujaratSince 24 Mar 2026The current status of the dispute remains the same and the Company has filed an Appeal with Appellate Authority on 30-04-2026
At the filing before: The GST Department issued a Demand order against notice issued as on 25th sep,2025 under Sec.74 Ineligible ITC Rs. 6273754 /- and Charged Interest and imposed penalty of Rs. 14,008,520/- from the Company under Section 74(1) of the CGST Act 2017/GGST Act 2017.MoreLess
- Tax disputeO/o Deputy Commissioner of Income Tax, Central Circle-3, VadodaraSince 28 May 2026The current status of the dispute remains the same and the Company has filed an Appeal with Appellate Authority on 22-06-2026
At the filing before: The Income Tax Department issued a Demand Order under Section 156 and 158BC (1) (C) r.w.s. 143(3) of the Income Tax Act, 1961 for a Block Period 01/04/2018 to 23/04/2025 demanding tax on undisclosed Income for a said period for an amount of Rs. 7.11 CroresMoreLess
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 filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- Yes
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Mar 2026. A preferential issue sells new shares to chosen investors rather than to the public. 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 |
|---|---|---|---|---|---|
| Preferential IssuesDec 2025 | 60.57 | Funding of Working Capital | 10.57 | 10.57 | No |
| Preferential IssuesDec 2025 | 60.57 | Acquisition of shares of Sunlite Aluminium Private Limited | 50.00 | 50.00 | No |