Veto Switchgears and Cables CEO, MD, chairman, board of directors and AGM
NSE: VETOBSE: 539331Consumer DurablesSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹128.09.
- 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.
- ₹235 Cr2,374th 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.
- Earlier quarters restated in the year
- 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 28 May 2026
- 0.8
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.81%
- 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
- 11.8%
- 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 28 May 2026
- 0.07
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 53,10859.4% delivered
Veto Switchgears and Cables 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
- Chairperson and managing director and CEOAkshay Kumar Gurnani
6 directors3 independent2 executive1 non-executive
- Akshay Kumar Gurnani · Chairperson and managing director and CEOExecutive · joined Aug 2014 · reappointed Aug 2014 · 142 months as independent · 1 listed board
- Narain Das GurnaniExecutive · joined May 2016 · reappointed May 2016 · 121 months as independent · 1 listed board · 1 committee seat
- Jyoti GurnaniNon-executive · joined Aug 2014 · reappointed Aug 2014 · 142 months as independent · 1 listed board
- Kanwarjeet SinghIndependent · joined May 2017 · reappointed Sep 2022 · 109 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Harikrishan MotwaniIndependent · joined Sep 2019 · reappointed Sep 2024 · 81 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Sanjeev Kumar DassIndependent · joined Sep 2022 · reappointed Sep 2022 · 46 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
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.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 3 Jun 20266 of 6 present3 independent · 5 days in between
- 28 May 20266 of 6 present3 independent · 13 days in between
- 14 May 20266 of 6 present3 independent · 27 days in between
- 16 Apr 20266 of 6 present3 independent · 15 days in between
3 earlier meetings
- 31 Mar 20266 of 6 present3 independent · 45 days in between
- 13 Feb 20266 of 6 present3 independent · 37 days in between
- 6 Jan 20266 of 6 present3 independent
Audit Committee
Chair Sanjeev Kumar Dass
Harikrishan Motwani, Narain Das Gurnani
- 28 May 20263 of 3 present2 independent · 41 days in between
- 16 Apr 20263 of 3 present2 independent · 61 days in between
- 13 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Sanjeev Kumar Dass
Kanwarjeet Singh, Harikrishan Motwani
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair Sanjeev Kumar Dass
Harikrishan Motwani, Narain Das Gurnani
- 3 Jun 20263 of 3 present2 independent · 5 days in between
Corporate Social Responsibility Committee
Chair Sanjeev Kumar Dass
Narain Das Gurnani, Harikrishan Motwani
- 28 May 20263 of 3 present2 independent · 41 days in between
- 16 Apr 20263 of 3 present2 independent
Independent Director Meeting
- 13 Feb 20263 of 3 present3 independent
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.
- SGCO & CO.LLPPeer-review certificate valid to Jul 2027
1 earlier auditor
- SGCO& CO.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.
Veto Switchgears and Cables 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.Veto Switchgears and Cables dividend history
Annual general meeting, 28 Sep 2026
23,507 shareholders on the register on 21 Sep 2026; present: 4 promoters and 46 others; votes counted by Govind Jaiswal / Govind Jaiswal and Company.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 on 31st March 2026 together with the Reports of the Board of Directors and Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 36.86% · promoters 81.50% · institutions 10.94% · other public 0.14%
- To declare a Final Dividend of Rs. 1/- per equity share having face value of Rs. 10/- each, aggregating to 10 percent of F.V., for the financial year ended on 31st March 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 36.86% · promoters 81.50% · institutions 10.94% · other public 0.14%
- To re-appoint Mr. Narain Das Gurnani (DIN: 01970599) as a director, who retires by rotation and being eligible offers himself for re-appointmentOrdinary99.86% for0.14% against
Against: promoters 0.00% · institutions 74.01% · other public 0.01%
Turnout: all 36.86% · promoters 81.50% · institutions 10.94% · other public 0.14%
- :Revision in Remuneration of Managing Director and CEO, Mr. Akshay Kumar Gurnani (DIN: 06888193)Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 36.86% · promoters 81.50% · institutions 10.94% · other public 0.14%
- Revision in Remuneration of Whole Time Director and CFO Mr. Narain Das Gurnani (DIN: 01970599)Ordinary99.86% for0.14% against
Against: promoters 0.00% · institutions 74.01% · other public 2.85%
Turnout: all 36.86% · promoters 81.50% · institutions 10.94% · other public 0.14%
- To pay Remuneration to Non-Executive Director Ms. Jyoti Gurnani (DIN: 06953899)Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 36.86% · promoters 81.50% · institutions 10.94% · other public 0.14%
- Ractification of cost auditor remunerationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 36.86% · promoters 81.50% · institutions 10.94% · other public 0.14%
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, 29 Sep 2025, 5 resolutions
26,800 shareholders on the register on 22 Sep 2025; present: 5 promoters and 25 others; votes counted by Govind Jaiswal / Govind Jaiswal and Company.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone & Consolidated Financial Statements of the company for the financial year ended on 31st March 2025 together with the Reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 1.39%
Turnout: all 37.79% · promoters 83.71% · institutions 0.00% · other public 0.14%
- To declare a Final Dividend of Rs. 1/- per equity share having face value of Rs. 10/- each aggregating to 10% of F.V., for the financial year ended on 31st March 2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.39%
Turnout: all 37.79% · promoters 83.71% · institutions 0.00% · other public 0.14%
To Re-appoint Ms. Jyoti Gurnani (DIN: 06953899) Whole Time Director of the Company, who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible offers herself for re-appointmentMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 1.40%
Turnout: all 37.79% · promoters 83.71% · institutions 0.00% · other public 0.14%
- Ratification of Cost Auditors RemunerationOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.39%
Turnout: all 37.79% · promoters 83.71% · institutions 0.00% · other public 0.14%
- Appointment of Secretarial AuditorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.39%
Turnout: all 37.79% · promoters 83.71% · institutions 0.00% · other public 0.14%
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 2024, 10 resolutions
Present: 8 promoters and 28 others.The company's voting result (opens in a new tab)
To Receive, Consider and adopt the Audited Financial Statements of the Company(Including Audited Consolidated Financial Statements) for the Financial Year ended on 31st 2024 together with the Repots of Board of Directors and Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.82%
Turnout: all 36.33% · promoters 80.40% · institutions 0.00% · other public 0.19%
- To declare a final dividend of rs.1 /- per equity share having face value of rs. 10/- each aggregating to 10 % of F.V. for the financial year ended 31st March 2024Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.90%
Turnout: all 36.33% · promoters 80.40% · institutions 0.00% · other public 0.19%
To re-appoint Mr. Akshay Kumar Gurnani (DIN: 06888193) whole time director of the comoany who retire by rotation in terms of Section 152 (6) of the Companies Act, 2013 and being eligible offers herself for re-appointment.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.87%
Turnout: all 36.33% · promoters 80.40% · institutions 0.00% · other public 0.19%
- Appointment of SGCO & CO. LLP, Chartered Accountants as Statutory Auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.87%
Turnout: all 36.33% · promoters 80.40% · institutions 0.00% · other public 0.19%
- To re-appointment of Mr. Hari Krishan Motwani (DIN: 08570545) as an Independent Director for a second termSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.39%
Turnout: all 36.33% · promoters 80.40% · institutions 0.00% · other public 0.19%
- To recommendation for re-appointment of cost auditorSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.87%
Turnout: all 36.33% · promoters 80.40% · institutions 0.00% · other public 0.19%
- To re-commendation for re-appointment of secretarial auditorSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.87%
Turnout: all 36.33% · promoters 80.40% · institutions 0.00% · other public 0.19%
- To recommendation for re-appointment of Internal AuditorSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.88%
Turnout: all 36.33% · promoters 80.40% · institutions 0.00% · other public 0.18%
- To shifting of a registered office of the company from jurisdiction of one ROC to jurisdiction of another ROC within same stateSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.62%
Turnout: all 36.33% · promoters 80.40% · institutions 0.00% · other public 0.19%
- Reclassification of promoterSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.65%
Turnout: all 36.33% · promoters 80.40% · institutions 0.00% · other public 0.18%
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, 29 Sep 2023, 5 resolutions
Present: 10 promoters and 41 others.The company's voting result (opens in a new tab)
To Receive, Consider and adopt the Audited Financial Statements of the Company(Including Audited Consolidated Financial Statements) for the Financial Year ended on 31st 2023 together with the Repots of Board of Directors and Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 43.42% · promoters 91.86% · institutions 0.00% · other public 0.21%
- To Declare a Final Dividend of Rs. 1/- per Equity Share having Face value of Rs. 10/- each aggregating to 10% of F.V. fot the Financial Year ended on 31st March 2023Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 43.42% · promoters 91.86% · institutions 0.00% · other public 0.21%
To Re appoint Mr. Narain Das Gurnani (DIN:01970599) Whole Time Director of the Company, who Retire by Rotation in terms Section 152(6) of the Companies Act 2013 and being eligible, offers himself for Re-appointmentMoreLess
Ordinary99.93% for0.07% againstAgainst: promoters 0.00% · institutions 0.00% · other public 28.51%
Turnout: all 43.42% · promoters 91.86% · institutions 0.00% · other public 0.21%
- Ratification of Cost Auditor's RemunerationOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 2.42%
Turnout: all 43.42% · promoters 91.86% · institutions 0.00% · other public 0.21%
- For Revision in the term of Remuneration of Mrs. Jyoti Gurnani(DIN 06953899), Non-Executive non independence Director of the CompanySpecial99.92% for0.08% against
Against: promoters 0.00% · institutions 0.00% · other public 33.58%
Turnout: all 43.42% · promoters 91.86% · institutions 0.00% · other public 0.21%
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 2022, 9 resolutions
Present: 9 promoters and 40 others.The company's voting result (opens in a new tab)
To Receive, Consider and adopt the Audited Financial Statements of the Company(Including Audited Consolidated Financial Statements) for the Financial Year ended on 31st March 2022 together with the Report of the Board of Directors and Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 49.36% · promoters 86.83% · institutions 0.00% · other public 2.19%
- To Declare a Final Dividend of Rs. 1/- per Equity Share having Face value of Rs. 10/- each aggregating to 10% of F.V. fot the Financial Year ended on 31st March 2022Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 49.36% · promoters 86.83% · institutions 0.00% · other public 2.19%
- To Re appoint Ms. Jyoti Gurnani (DIN:06953899) as a Director, who Retire by Rotation and being eligible, offers himself for Re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 49.36% · promoters 86.83% · institutions 0.00% · other public 2.19%
- To Re-appointM/s C A S & Co Chartered Accountants formerly known as M/s. K. M. Tulsian & Associates as Statutory Auditor of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 49.36% · promoters 86.83% · institutions 0.00% · other public 2.19%
- Ratification of Cost Auditor's RemunerationOrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 1.12%
Turnout: all 49.36% · promoters 86.83% · institutions 0.00% · other public 2.19%
- For Revision in the terms of Remuneration of Akshay Kumar Gurnani (DIN: 06888193), Managing Director and CEO of the CompanySpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 1.09%
Turnout: all 49.36% · promoters 86.83% · institutions 0.00% · other public 2.19%
- To Re-Appointment of Mr. Kanwar Jeet Singh (DIN: 07813714) as an Independent Director for a second termSpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 1.09%
Turnout: all 49.36% · promoters 86.83% · institutions 0.00% · other public 2.19%
- Appointment of Mr. Sanjeev Kumar Das (DIN:09690317) as an Independent DirectorSpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 1.09%
Turnout: all 49.36% · promoters 86.83% · institutions 0.00% · other public 2.19%
- For Revision in the term of Remuneration of Ms. Jyoti Gurnani(DIN 06953899), Non-Executive non independence Director of the CompanySpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 1.12%
Turnout: all 49.36% · promoters 86.83% · institutions 0.00% · other public 2.19%
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, 29 Sep 2021, 7 resolutions
Present: 8 promoters and 32 others.The company's voting result (opens in a new tab)
- To Recive, Consider and adop Financial Statement of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 49.27% · promoters 86.71% · institutions 0.00% · other public 2.25%
- Declare of Final dividendOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 49.27% · promoters 86.71% · institutions 0.00% · other public 2.25%
- Retires by RotationOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.62%
Turnout: all 49.27% · promoters 86.71% · institutions 0.00% · other public 2.25%
- Ratification of Cost Auditor RemunerationOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.62%
Turnout: all 49.27% · promoters 86.71% · institutions 0.00% · other public 2.25%
- Re-Appontment of Mr. Akshay Kumar GurnaniOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.62%
Turnout: all 49.27% · promoters 86.71% · institutions 0.00% · other public 2.25%
- Reappointment of Mr. Narain Das GurnaniOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.62%
Turnout: all 49.27% · promoters 86.71% · institutions 0.00% · other public 2.25%
- Resolution pursuant to the provision of sec. 185 to the limit U/S 186Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.62%
Turnout: all 49.27% · promoters 86.71% · institutions 0.00% · other public 2.25%
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, 29 Sep 2020, 3 resolutions
Present: 2 promoters and 35 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the audited financial statements of the Company (including audited consolited financial statements) for the financial year ended 31st March 2020 and the reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- To re-appoint Ms. Jyoti Gurnani (DIN: 06953899) as a director, who retires by rotation and being eligible offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Ratification of Remuneration and Appointment of Cost Auditors.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
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, 28 Feb 2020, 1 resolution
Present: 2 promoters and 40 others.The company's voting result (opens in a new tab)
Continuation of directorship of Mr. Govind Ram Thawani, Director in terms of regulation 17(1A) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 requires approval of the Members by way of Special Resolution being more than 75 years of age (DOB: 04-04-1940).MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
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
- 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
- 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.