Tulsyan NEC MD, chairman, board of directors and AGM
BSE: 513629Industrial ProductsSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹32.23.
- Under BSE's long-term additional surveillance, stage I, on the list for 22 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- 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.
- ₹54 Cr3,388th 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. The filing of 30 May 2026
- 0.3
- 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 10 Aug 2026
- −34.7%
- 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 10 Aug 2026
- −7.0%
- 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 30 May 2026
- 2.19
- Volume, BSEVolume. Shares traded on the last trading day.
- 134
Tulsyan NEC 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 directorLALIT KUMAR TULSYANRelated to the promoter
- Managing directorSANJAY TULSYAN
7 directors4 independent3 executive
- LALIT KUMAR TULSYAN · Chairperson and managing directorExecutive · joined Jul 1996 · reappointed Jul 2022 · 1 listed board
- SANJAY TULSYAN · Managing directorExecutive · joined Oct 1996 · reappointed Sep 2022 · 1 listed board
- SANJAY AGARWALLAExecutive · joined Sep 2011 · reappointed Sep 2022 · 1 listed board · 2 committee seats
- MANOGYANATHAN PARTHASARATHYIndependent · joined Nov 2018 · reappointed Nov 2023 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- RAVI MUTHUSAMYIndependent · joined Jun 2023 · 60 months as independent · 3 listed boards · 3 as independent · 2 committee seats
- SOMASUNDARAM PONSING MOHAN RAMIndependent · joined Sep 2020 · reappointed Sep 2025 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat
- J SUMATHIIndependent · joined Aug 2024 · 60 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
- S CHANDRASEKARAN, left 8 May 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 10 Aug 20267 of 7 present4 independent · 71 days in between
- 30 May 20267 of 7 present4 independent · 27 days in between
- 2 May 20268 of 8 present4 independent
Audit Committee
Chair MANOGYANATHAN PARTHASARATHY
SANJAY AGARWALLA, SOMASUNDARAM PONSING MOHAN RAM, RAVI MUTHUSAMY, J SUMATHI
- 10 Aug 20264 of 5 present4 independent
- 30 May 20265 of 5 present4 independent
Nomination and remuneration committee
Chair MANOGYANATHAN PARTHASARATHY
SOMASUNDARAM PONSING MOHAN RAM, RAVI MUTHUSAMY, J SUMATHI
- 10 Aug 20264 of 4 present4 independent · 71 days in between
Stakeholders Relationship Committee
Chair MANOGYANATHAN PARTHASARATHY
SANJAY AGARWALLA, J SUMATHI
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair SANJAY AGARWALLA
MANOGYANATHAN PARTHASARATHY, J SUMATHI
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.
- CNGSN &ASSOCIATES LLPPeer-review certificate valid to Jan 2029
1 earlier auditor
- CNGSN & ASSOCIATES LLPNamed 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.
Tulsyan NEC 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.Tulsyan NEC dividend history
Annual general meeting, 19 Sep 2026
4,623 shareholders on the register on 12 Sep 2026; present: 5 promoters and 38 others; votes counted by M. DAMODARAN / M DAMODARAN & ASSOCIATES LLP.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements 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
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.22% · promoters 98.64% · institutions 0.00% · other public 3.51%
- To appoint Mr. Lalit Kumar Tulsyan (DIN: 00632823) as a Director, liable to retire by rotation, and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 7.05% · promoters 9.58% · institutions 0.00% · other public 3.51%
- To approve the appointment of M/s. SRBR and Associates LLP, Chartered Accountants (Firm Registration No. 004997S/S200051), as the Statutory Auditors of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.22% · promoters 98.64% · institutions 0.00% · other public 3.51%
- To ratify the remuneration of M/s. Murthy & Co. LLP, Cost Auditors of the Company, for the Financial Year 2026-2027.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.22% · promoters 98.64% · institutions 0.00% · other public 3.51%
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 Sep 2026.
- Fine or penaltyGST / Tax DepartmentSince 15 Jul 2026
Receipt of Revision Order No. 01/2026 dated 15.07.2026 passed against Order-in-Original No. 80/2024 dated 19.06.2024.
The Department had initially dropped proceedings regarding Input Tax Credit (ITC) reversal of ₹11.22 Crores involving alleged defective invoices from a supplier. Upon revision, the Department has re-issued the demand.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
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- 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.