Tamilnadu Steel Tubes MD, chairman, board of directors and AGM
BSE: 513540Industrial ProductsSmall Cap
Share price at the BSE close on 19 Oct 2026. Previous close ₹34.02.
- 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.
- ₹17 Cr4,402nd 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. The filing of 14 Aug 2026
- 44.0
- 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 13 Jul 2026
- 1.7
- 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 14 Aug 2026
- 3.9%
- 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 14 Aug 2026
- 4.4%
- 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 13 Jul 2026
- 1.04
- Volume, BSEVolume. Shares traded on the last trading day.
- 100
Tamilnadu Steel Tubes board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.
- Managing directorBIVASHWA DAS
- ChairpersonM INDUMATHI
- Company Secretary and Compliance OfficerK.SURESH
8 directors4 independent4 executive
- BIVASHWA DAS · Managing directorExecutive · joined Nov 2015 · reappointed Jun 2021 · 60 months as independent · 1 listed board
- RAJESH SAI IYERIndependent · joined Sep 2017 · reappointed Sep 2022 · 60 months as independent · 1 listed board · 1 as independent
- PRIYA KRISHNAIndependent · joined May 2024 · 36 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- RAM ASHISH SINGHExecutive · joined Jun 2021 · reappointed Sep 2024 · 36 months as independent · 1 listed board
- DIVYA ABHISHEKIndependent · joined Sep 2023 · 36 months as independent · 3 listed boards · 3 as independent · 2 committee seats, 2 as chair
- KRISHNAN KAMAL SHUKLAExecutive · joined Feb 2024 · 36 months as independent · 1 listed board · 2 committee seats
- M INDUMATHI · ChairpersonIndependent · joined Aug 2024 · 36 months as independent · 1 listed board · 1 as independent · 1 committee seat, 3 as chair
- ASHOK KUMAR SHUKLAExecutive · joined Feb 2026 · 36 months as independent · 1 listed board · 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.
2 directors who left
- N SUDHARSAN, left 14 Feb 2026: Others
- RV sathyanarayanan, left 14 Aug 2024: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 23 May 20268 of 8 present4 independent · 97 days in between
- 14 Feb 20268 of 8 present4 independent
Audit Committee
Chair DIVYA ABHISHEK
PRIYA KRISHNA, M INDUMATHI, ASHOK KUMAR SHUKLA
- 23 May 20264 of 4 present3 independent · 97 days in between
- 14 Feb 20264 of 4 present3 independent
Nomination and remuneration committee
Chair PRIYA KRISHNA
DIVYA ABHISHEK, RAJESH SAI IYER
- 23 May 20263 of 3 present3 independent · 97 days in between
- 14 Feb 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair PRIYA KRISHNA
DIVYA ABHISHEK, M INDUMATHI, KRISHNAN KAMAL SHUKLA, ASHOK KUMAR SHUKLA
No meeting listed in the filing.
Risk Management Committee
Chair RAJESH SAI IYER
BIVASHWA DAS, ASHOK KUMAR SHUKLA
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.
- DPV & AssociatesPeer-review certificate valid to Oct 2027
1 earlier auditor
- Vaira mutthu kNamed in the filing for the quarter to Mar 2025
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.
Tamilnadu Steel Tubes 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.Tamilnadu Steel Tubes share news and announcements
Annual general meeting, 16 Sep 2026
13,493 shareholders on the register on 9 Sep 2026; present: 19 promoters and 13,550 others; votes counted by VS Sowrirajan / VS Sowrirajan & Associates.The company's voting result (opens in a new tab)
- Adoption of Audited Financial StatementsOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 48.13% · promoters 86.78% · institutions 0.00% · other public 42.73%
- Re-appointment of Mr. Ram Ashish Singh (DIN 09236352), Whole Time Director, retirement by rotationSpecialPromoters have an interest in it99.94% for0.06% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 48.13% · promoters 86.78% · institutions 0.00% · other public 42.73%
Appointment of Mr. Ashok Kumar Shukla (DIN 11517178) as Whole Time Director of the Company for a period of 3 years in place of Mr. N. Sudarshan (DIN 08562284), Whole Time Director, who resigned from the position citing age-related reasonsMoreLess
OrdinaryPromoters have an interest in it99.94% for0.06% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 48.13% · promoters 86.78% · institutions 0.00% · other public 42.73%
- Approval of remuneration to Mr. Ashok Kumar Shukla (DIN 11517178) for a period of three years (3) w.e.f. February 14, 2026 to February 13, 2029SpecialPromoters have an interest in it99.94% for0.06% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 48.13% · promoters 86.78% · institutions 0.00% · other public 42.73%
- Appointment of Ms. Avantika Shankar (DIN: Applied) as an Independent Director representing Small Shareholders in place of CMA Mrs. Divya Abhishek (DIN - 08829015)OrdinaryPromoters have an interest in it99.94% for0.06% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 48.13% · promoters 86.78% · institutions 0.00% · other public 42.73%
- Appointment of Cost Auditor and Fixation of RemunerationOrdinaryPromoters have an interest in it99.94% for0.06% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 48.13% · promoters 86.78% · institutions 0.00% · other public 42.73%
- Approve the formation of Gratuity Trust by the CompanySpecialPromoters have an interest in it99.94% for0.06% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 48.13% · promoters 86.78% · institutions 0.00% · other public 42.73%
- Approval for Opening and Operation Suspense Escrow Account in Stock holding corporation of IndiaOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 48.13% · promoters 86.78% · institutions 0.00% · other public 42.73%
- Approval for availing Overdraft (OD) Facility of Rs. 3 Crores from City Union Bank Ltd., thereby enhancing the existing Borrowing from Rs. 13 Crores to Rs. 16 CroresSpecialPromoters have an interest in it99.94% for0.06% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 48.13% · promoters 86.78% · institutions 0.00% · other public 42.73%
Transfer of leasehold right of 6.5 acres of Company's Land situated at plots B-10 and C-13 Industrial Complex, M.M. Nagar- 603209, Chengalpattu District, Tamil Nadu from Mrs. Durga Devi Goyal to her legal heir Mr. Rakesh GoyalMoreLess
SpecialPromoters have an interest in it99.94% for0.06% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 48.13% · promoters 86.78% · institutions 0.00% · other public 42.73%
- Approval of Royalty Payment to Mr. Satvik Goyal for the Financial Year 2026-27SpecialPromoters have an interest in it99.94% for0.06% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 48.13% · promoters 86.78% · institutions 0.00% · other public 42.73%
- Purchase of Solar Panel power from Private Operators as an alternative energy source for the factory premisesSpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 48.13% · promoters 86.78% · institutions 0.00% · other public 42.73%
- Appointment of Data Privacy AuditorSpecialPromoters have an interest in it99.94% for0.06% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 48.13% · promoters 86.78% · institutions 0.00% · other public 42.73%
- Appointment of Internal Control AuditorSpecialPromoters have an interest in it99.94% for0.06% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 48.13% · promoters 86.78% · institutions 0.00% · other public 42.73%
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 14 Mar 2019PENDING FOR ENQUIRYAt the filing before: Tax Demand (after adjustment)RS.20,50,880 AND ACCURED INTEREST Rs .17,02,164 for the Fin Year : 2011-12,A.Y. 2012-13.Appeal filed
- Tax disputeINCOME TAX DEPARTMENTSince 28 Feb 2025PENDING FOR ENQUIRYAt the filing before: Tax Demand RS.30,97,876 AND ACCURED INTEREST Rs .51,69,302 for the Fin Year : 1996-97,A.Y 1997-98.Appeal filed.
- Tax disputeGST Divison Dispute - Year AY 2022-2023Since 30 Jun 2026Personal Hearing Posted on 22.07.2026, written reply will be submitted on or before 30.07.2026.At the filing before: Dispute as per the Show Cause Notice (SCN), DRC - 01 SCN calling for Explanation of ITC clarifications
- Tax disputeGST Divison Dispute - Year AY 2023-2024Since 2 Jul 2026Personal Hearing Posted on 15.07.2026, written reply will be submitted on or before 02.08.2026.At the filing before: Dispute as per the Show Cause Notice (SCN), DRC - 01 SCN calling for Explanation of ITC clarifications
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
- Yes
- The company has a risk management committee
- Yes
- 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.