Valecha Engineering MD, chairman, board of directors and AGM

BSE: 532389Construction

Trading suspended since 20 Jun 2017

Last traded ₹19.20 on 19 Jun 2017

Valecha Engineering 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

  • Company Secretary and Compliance OfficerVijaykumar Modi

5 directors2 independent2 executive1 non-executive

  • BHUSHAN RAVINDRA SABLEExecutive · joined Aug 2024 · 23 months as independent · 1 listed board
  • SHASHIKANT GANGADHAR BHOGEExecutive · joined Aug 2024 · 23 months as independent · 1 listed board
  • PRADEEP KISAN KHANDAGALENon-executive · joined Aug 2024 · 23 months as independent · 4 listed boards
  • ASHISH MITTALIndependent · joined Aug 2024 · 23 months as independent · 1 listed board · 1 as independent
  • ANIRUDDH SHRIKHANDEIndependent · joined Nov 2025 · 7 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.

2 directors who left
  • ASHLESHA SHACHINDRA RAYTHATTHA, left 28 May 2026: Others
  • VIPUL BANSAL, left 18 Nov 2025: Others

Committees and meetings

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

  • Board

    2 meetings of 5 without a quorum

    • 5 Jun 20265 of 5 present2 independent · 6 days in between
    • 29 May 20260 of 5 present0 independent · 100 days in between · quorum not met
    • 17 Feb 20266 of 6 present3 independent · 3 days in between
    • 13 Feb 20260 of 6 present0 independent · 30 days in between · quorum not met
    1 earlier meeting
    • 13 Jan 20265 of 6 present3 independent

  • Audit Committee

    Chair ASHISH MITTAL

    ANIRUDDH SHRIKHANDE

    • 5 Jun 20262 of 2 present2 independent · 107 days in between
    • 17 Feb 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair ASHISH MITTAL

    ANIRUDDH SHRIKHANDE

    • 17 Feb 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair ASHISH MITTAL

    ANIRUDDH SHRIKHANDE

    • 26 Mar 20263 of 3 present3 independent · 36 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 2025.

  • Jain Jagawat Kamdar & Co.Peer-review certificate valid to Jun 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.

Valecha Engineering 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.Valecha Engineering dividend history

Annual general meeting, 30 Sep 2026

14,411 shareholders on the register on 16 Sep 2026; present: 2 promoters and 33 others; votes counted by Ragini Chokshi / Ragini Chokshi & Co.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statement-Standalone and Consolidated for the year ended on 31st March, 2026 and the Report of Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.28%

    Turnout: all 95.23% · promoters 100.00% · other public 4.66%

  2. To Appoint a Director in place of Mr. Pradeep Khandagale (DIN: 01124220), who retires by rotation and being eligible, offers himself for reappointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.28%

    Turnout: all 95.23% · promoters 100.00% · other public 4.66%

  3. To Appoint Ms. Sheuli Sandeep Mukharjee (DIN: 11862995) as Non-Executive and Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.28%

    Turnout: all 95.23% · promoters 100.00% · other public 4.66%

  4. Re-Appointment of the Statutory Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.28%

    Turnout: all 95.23% · promoters 100.00% · other public 4.66%

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

    Against: promoters 0.00% · other public 0.28%

    Turnout: all 95.23% · promoters 100.00% · other public 4.62%

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 Mar 2026, 1 resolution

14,411 shareholders on the register on 20 Feb 2026; votes counted by Rohit Sunil Periwal / Rohit Periwal and Associates.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Aniruddh Shrikhande (DIN: 11387324) as a Non-Executive Independent Director of the Company.
    Special
    99.96% for0.04% against

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

    Turnout: all 0.24% · promoters 0.00% · institutions 0.00% · other public 5.19%

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, 28 Nov 2025, 4 resolutions

14,411 shareholders on the register on 14 Nov 2025; present: 2 promoters and 28 others; votes counted by Ragini Chokshi / Ragini Chokshi & Co.The company's voting result (opens in a new tab)

  1. ADOPTION OF FINANCIAL STATEMENTS TO CONSIDER AND ADOPT
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 95.23% · promoters 100.00% · institutions 65.33% · other public 0.19%

  2. TO APPOINT A DIRECTOR IN PLACE OF MR. PRADEEP KHANDAGALE (DIN: 01124220), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR REAPPOINTMENT
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.32%

    Turnout: all 95.23% · promoters 100.00% · institutions 65.33% · other public 0.19%

  3. RE-APPOINTMENT OF THE STATUTORY AUDITORS.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.22%

    Turnout: all 95.23% · promoters 100.00% · institutions 65.33% · other public 0.19%

  4. APPOINTMENT OF SECRETARIAL AUDITOR.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 95.23% · promoters 100.00% · institutions 65.33% · other public 0.19%

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, 27 Dec 2024, 11 resolutions

14,427 shareholders on the register on 19 Dec 2024; present: 0 promoters and 32 others; votes counted by Ragini Chokshi / Ragini Chokshi & Company.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statement as at 31.03.2024 to consider and adopt.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 0.02% · promoters 0.00% · institutions 0.00% · other public 0.02%

  2. Appointment of the statutory auditors
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 0.02% · promoters 0.00% · institutions 0.00% · other public 0.02%

  3. To appoint SHRI SHASHIKANT GANGADHAR BHOGE (DIN : 05345105) as Director of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 0.02% · promoters 0.00% · institutions 0.00% · other public 0.02%

  4. To appoint SHRI SHASHIKANT GANGADHAR BHOGE (DIN : 05345105) as whole time Director of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 0.02% · promoters 0.00% · institutions 0.00% · other public 0.02%

  5. To appoint SHRI BHUSHAN RAVINDRA SABLE (DIN : 03268957), as Director of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 0.02% · promoters 0.00% · institutions 0.00% · other public 0.02%

  6. To appoint SHRI BHUSHAN RAVINDRA SABLE (DIN : 03268957), as Whole time Director of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 0.02% · promoters 0.00% · institutions 0.00% · other public 0.02%

  7. To appoint SHRI PRADEEP KISAN KHANDAGALE (DIN: 01124220), as Director of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 0.02% · promoters 0.00% · institutions 0.00% · other public 0.02%

  8. To appoint SHRI ASHISH MITTAL (DIN: 10331046), as Non-Executive & Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 0.02% · promoters 0.00% · institutions 0.00% · other public 0.02%

  9. To appoint SHRI VIPUL BANSAL (DIN : 00015967), as Non-Executive & Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 0.02% · promoters 0.00% · institutions 0.00% · other public 0.02%

  10. To appoint MS. ASHLESHA SHACHINDRA RAYTHATTHA (DIN: 10769720), as Non-Executive & Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 0.02% · promoters 0.00% · institutions 0.00% · other public 0.02%

  11. To consider to appoint Big Share services Private limited as Registrar & Transfer agent
    Special
    91.31% for8.69% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.69%

    Turnout: all 0.02% · promoters 0.00% · institutions 0.00% · other public 0.02%

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, 28 Sep 2023, 4 resolutions

Present: 0 promoters and 30 others.The company's voting result (opens in a new tab)

  1. 1 - To consider and adopt: na) the Audited Financial Statements of the Company for the Financial Year ended March 31, 2023 and the Report of the Board of Directors and Auditors thereon; andn b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2023 and the Report of Auditors thereon.nnMoreLess
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 13.10% · promoters 0.01% · institutions 0.00% · other public 19.18%

  2. 2 - To appoint a Director in place of Ms. Lalna Takekar (DIN: 08111805), who retires by rotation and being eligible, offers herself for the re-appointment.
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 13.10% · promoters 0.01% · institutions 0.00% · other public 19.18%

  3. 3 - Renewal of appointment of Ms. Swati Jain as a Non- Executive & Independent Director for a period of 1 year.
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 13.10% · promoters 0.01% · institutions 0.00% · other public 19.18%

  4. 4 - To consider the ratification of payment of remuneration to the Cost Auditor
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 13.10% · promoters 0.01% · institutions 0.00% · other public 19.18%

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, 30 Sep 2020, 6 resolutions

Present: 6 promoters and 34 others.The company's voting result (opens in a new tab)

  1. Consider and Adopt: na. Audited Financial Statements as on 31.03.2020, Reports of the Board of Directors and Auditors thereon. nb. Audited Consolidated Financial Statements as on 31.03.2020 and Report of the Auditors thereon.MoreLess
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.07% · institutions 0.00% · other public 0.10%

    Turnout: all 38.06% · promoters 99.08% · institutions 34.58% · other public 21.25%

  2. Regularization of Additional Director, Shri Tejas Deshpande as an Independent Director
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 38.06% · promoters 99.08% · institutions 34.58% · other public 21.25%

  3. Regularization of Additional Director, Shri S N Kavi as an Independent Director
    Special
    99.93% for0.07% against

    Against: promoters 0.07% · institutions 0.00% · other public 0.10%

    Turnout: all 38.06% · promoters 99.08% · institutions 34.58% · other public 21.25%

  4. Regularization of Additional Director, Shri Arvind M Thakkar as an Independent Director
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 38.06% · promoters 99.08% · institutions 34.58% · other public 21.25%

  5. To consider change of designation of Mrs. Lalna B. Takekar
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 38.06% · promoters 99.08% · institutions 34.58% · other public 21.25%

  6. To consider the ratification of payment of remuneration to the cost auditor
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.07% · institutions 0.00% · other public 0.11%

    Turnout: all 38.06% · promoters 99.08% · institutions 34.58% · other public 21.25%

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, 30 Sep 2019, 7 resolutions

Present: 7 promoters and 23 others.The company's voting result (opens in a new tab)

  1. Consider and Adopt: na. Audited Financial Statements as on 31.03.2019, Reports of the Board of Directors and Auditors thereon. nb. Audited Consolidated Financial Statements as on 31.03.2019 and Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 40.34% · promoters 99.01% · institutions 43.22% · other public 22.08%

  2. To appoint a Director in place of Mr. Jagdish K. Valecha (DIN:00013070) who retires by rotation and being eligible, offers himself for reappointment
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 40.34% · promoters 99.01% · institutions 43.22% · other public 22.08%

  3. To appoint Auditors M/s. Bagaria & Co. LLP and fixing their remuneration for 5 years
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 40.34% · promoters 99.01% · institutions 43.22% · other public 22.08%

  4. To consider the re-appointment of Mr. Arvind Thakkar as an Independent Director
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 40.34% · promoters 99.01% · institutions 43.22% · other public 22.08%

  5. To consider the re-appointment of Mrs. Lalna B. Takekar as an Independent Director
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 40.34% · promoters 99.01% · institutions 43.22% · other public 22.08%

  6. To consider the ratification of payment of remuneration to the Cost Auditor
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 40.34% · promoters 99.01% · institutions 43.22% · other public 22.08%

  7. To consider the payment of remuneration to Non-Executive Directors
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 40.34% · promoters 99.01% · institutions 43.22% · other public 22.08%

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.

Extraordinary general meeting, 4 Jun 2019, 1 resolution

Present: 11 promoters and 19 others.The company's voting result (opens in a new tab)

  1. APPOINTMENT OF STATUTORY AUDITOR IN CASUAL VACANCY
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 31.08% · promoters 99.44% · institutions 0.00% · other public 21.33%

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.

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
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
No
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.