Voltamp Transformers logo

Voltamp Transformers MD, chairman, board of directors and AGM

NSE: VOLTAMPBSE: 532757Electrical EquipmentSmall Cap

Last close ₹9,615.00down ₹332.00 (3.34%)BSE ₹9,603.50

Share price at the NSE close on 23 Oct 2026. Previous close ₹9,947.00.

52-week range of traded prices to 23 Oct 2026
₹6,666.00Low, 27 Jan 2026₹12,863.00High, 4 May 2026
Market cap
₹9,728 Cr579th largest listed
P/E
30.7
P/B
5.4
Dividend yield
1.04%
ROE
18.8%
ROCE
19.4%
Debt to equity
0.00
Volume, NSE
18,33046.0% delivered

Voltamp Transformers 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 directorKANUBHAI S PATEL
  • Managing directorKUNJAL L PATEL
  • Company Secretary and Compliance OfficerMr. Sanket Rathod

6 directors3 independent2 executive1 non-executive

  • KANUBHAI S PATEL · Chairperson and managing directorExecutive · joined Feb 2010 · reappointed Feb 2025 · 2 listed boards · 1 as independent · 2 committee seats, 1 as chair
  • KUNJAL L PATEL · Managing directorExecutive · joined Jun 1994 · reappointed Mar 2022 · 1 listed board · 1 committee seat
  • TARAL K PATELNon-executive · joined Aug 2020 · reappointed Aug 2020 · 1 listed board
  • ROOPA BHARAT PATELIndependent · joined May 2024 · reappointed May 2024 · 24 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
  • SAMEER SUBHASH KHERAIndependent · joined May 2024 · reappointed May 2024 · 24 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 1 as chair
  • MAYUR K SWADIAIndependent · joined Jan 2025 · reappointed Jan 2025 · 17 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 3 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.

1 director who left
  • HEMANT P SHAPARIA, left 17 Mar 2025: Tenure Completion

Committees and meetings

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

  • Board

    • 5 May 20266 of 6 present3 independent · 88 days in between
    • 5 Feb 20266 of 6 present3 independent

  • Audit Committee

    Chair MAYUR K SWADIA

    SAMEER SUBHASH KHERA, ROOPA BHARAT PATEL

    • 5 May 20263 of 3 present3 independent · 88 days in between
    • 5 Feb 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair MAYUR K SWADIA

    ROOPA BHARAT PATEL, SAMEER SUBHASH KHERA

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair MAYUR K SWADIA

    KUNJAL L PATEL, SAMEER SUBHASH KHERA

    No meeting listed in the filing.

  • Risk Management Committee

    Chair KANUBHAI S PATEL

    KUNJAL L PATEL, MAYUR K SWADIA, SAMEER SUBHASH KHERA

    • 5 Feb 20264 of 4 present2 independent

  • Corporate Social Responsibility Committee

    Chair TARAL K PATEL

    KUNJAL L PATEL, SAMEER SUBHASH KHERA, ROOPA BHARAT PATEL

    • 5 May 20264 of 4 present2 independent · 88 days in between
    • 5 Feb 20264 of 4 present2 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.

  • M/s. CNK & Associates & LLPPeer-review certificate valid to Jul 2027
1 earlier auditor
  • M/s. CNK & 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.

Voltamp Transformers 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.Voltamp Transformers dividend history

Annual general meeting, 31 Jul 2026

54,518 shareholders on the register on 24 Jul 2026; present: 2 promoters and 81 others; votes counted by Mr. Vijay Bhatt / M/s Vijay Bhatt & Company.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statement for the Financial Year ended March 31, 2026, together with the Directors’ and the Auditors’ Reports thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 81.46% · promoters 100.00% · institutions 88.80% · other public 0.60%

  2. To declare a final dividend of Rs.100/- (Rupees One Hundred Only) per equity share for the year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 81.47% · promoters 100.00% · institutions 88.81% · other public 0.60%

  3. To appoint a Director in place of Shri Kanubhai S. Patel (DIN 00008395), who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    98.72% for1.28% against

    Against: promoters 0.00% · institutions 2.03% · other public 0.14%

    Turnout: all 81.40% · promoters 100.00% · institutions 88.69% · other public 0.60%

  4. Approval of remuneration of the M/s. Y. S. Thakar & Co., Cost Auditors for the financial year 2026-27.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 81.47% · promoters 100.00% · institutions 88.81% · other public 0.60%

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 Jul 2025, 5 resolutions

63,488 shareholders on the register on 22 Jul 2025; present: 2 promoters and 49 others; votes counted by Mr. Vijay Bhatt / M/s. Vijay Bha & Co..The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statement for the Financial Year ended March 31, 2025, together with the Directors’ and the Auditors’ Reports thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.57% · promoters 100.00% · institutions 85.35% · other public 0.20%

  2. To declare a final dividend of ₹100/- (Rupees One Hundred Only) per equity share for the year ended March 31, 2025.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.68% · promoters 100.00% · institutions 85.60% · other public 0.20%

  3. To appoint a Director in place of Smt. Taral K. Patel (DIN 00023066), who reres by rotaon and being eligible offers herself for re-appointment.
    OrdinaryPromoters have an interest in it
    98.72% for1.28% against

    Against: promoters 0.00% · institutions 2.50% · other public 3.78%

    Turnout: all 77.68% · promoters 100.00% · institutions 85.60% · other public 0.20%

  4. To approve remuneration of the M/s. Y. S. Thakar & Co., Cost Auditors for the financial year 2025-26.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 77.68% · promoters 100.00% · institutions 85.60% · other public 0.20%

  5. To appoint M/s. J J Gandhi & Co., Practicing Company Secretaries as a Secretarial Auditors for the term of 5 (five) consecutive years
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 77.68% · promoters 100.00% · institutions 85.59% · other public 0.20%

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, 7 Mar 2025, 2 resolutions

50,963 shareholders on the register on 31 Mar 2025; votes counted by Mr. J. J. Gandhi / M/s. J. J. Gandhi & Co..The company's voting result (opens in a new tab)

  1. To approve re-appointment of Shri Kanubhai S. Patel (DIN: 00008395) as a Chairman and Managing Director of the Company for further period of five years with effect from February 11, 2025 to February 10, 2030MoreLess
    Special
    96.39% for3.61% against

    Against: promoters 0.00% · institutions 6.66% · other public 2.22%

    Turnout: all 84.33% · promoters 100.00% · institutions 91.99% · other public 7.76%

  2. To appoint Shri Mayur K. Swadia (DIN: 01237189) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 84.33% · promoters 100.00% · institutions 91.87% · other public 8.24%

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 Jul 2024, 6 resolutions

Present: 2 promoters and 50 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statement for the Financial Year ended 31st March, 2024, together with the Directors’ and the Auditors’ Reports thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.33%

    Turnout: all 85.96% · promoters 100.00% · institutions 92.38% · other public 0.79%

  2. To declare a final dividend of Rs. 100 per equity share for the year ended 31st March, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 86.21% · promoters 100.00% · institutions 92.84% · other public 0.86%

  3. To appoint a Director in place of Shri Kunjal L. Patel (DIN 0008354), who retires by rotation and being eligible offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    98.55% for1.45% against

    Against: promoters 0.00% · institutions 2.60% · other public 0.88%

    Turnout: all 86.20% · promoters 100.00% · institutions 92.84% · other public 0.79%

  4. To appoint Smt. Roopa B. Patel (DIN: 00090105) as an Independent Director.
    Special
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.21% · other public 0.94%

    Turnout: all 86.20% · promoters 100.00% · institutions 92.84% · other public 0.79%

  5. To appoint Shri Sameer Khera (DIN: 00009317) as an Independent Director.
    Special
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.21% · other public 0.94%

    Turnout: all 86.20% · promoters 100.00% · institutions 92.84% · other public 0.79%

  6. To approve remuneration of the Cost Auditors for the financial year 2024-25.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.86%

    Turnout: all 86.20% · promoters 100.00% · institutions 92.84% · other public 0.78%

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, 7 Aug 2023, 4 resolutions

Present: 2 promoters and 40 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statement for the Financial Year ended 31st March, 2023, together with the Directors’ and the Auditors’ Reports thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 87.52% · promoters 100.00% · institutions 94.04% · other public 0.68%

  2. To declare a final dividend of INR 60 per equity share for the year ended March 31, 2023.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.54%

    Turnout: all 87.63% · promoters 100.00% · institutions 94.32% · other public 0.68%

  3. To appoint a Director in place of Shri Kanubhai S. Patel (DIN 0008395), who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    99.36% for0.64% against

    Against: promoters 0.00% · institutions 1.49% · other public 0.16%

    Turnout: all 87.63% · promoters 100.00% · institutions 94.32% · other public 0.68%

  4. To approve remuneration of the Cost Auditors for the financial year 2023-24.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.61%

    Turnout: all 87.63% · promoters 100.00% · institutions 94.32% · other public 0.68%

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, 12 Aug 2022, 5 resolutions
  1. To approve remuneration of the Cost Auditors for the financial year 2022-23.
    Ordinary
    100.00% for0.00% against
  2. To reappoint M/s. CNK & Associates LLP, Chartered Accountants (FRN: 101961W/W100036) as statutory auditors of the Company.
    Ordinary
    93.76% for6.24% against
  3. To appoint a Director in place of Smt. Taral K. Patel (DIN 00023066), who retires by rotation and being eligible offers herself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.67% for0.33% against
  4. To declare a final dividend of Rs. 35 per equity share for the year ended 31st March, 2022.
    Ordinary
    100.00% for0.00% against
  5. To consider and adopt the Audited Financial Statement for the Financial Year ended 31st March, 2022, together with the Directors’ and the Auditors’ Reports thereon.
    Ordinary
    100.00% for0.00% against

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, 31 Jul 2022, 2 resolutions

The company's voting result (opens in a new tab)

  1. To appoint Shri Jabal C. Lashkari (DIN: 00216994) as an Independent Director for the term of five consecutive years commencing from 20th June, 2022 upto 19th June, 2027
    Special
    94.81% for5.19% against

    Against: promoters 0.00% · institutions 12.33% · other public 0.78%

    Turnout: all 87.26% · promoters 100.00% · institutions 97.26% · other public 4.50%

  2. To appoint Ms. Visha Suchde (DIN: 05209312) as an Independent Director for the term of five consecutive years commencing from 20th June, 2022 upto 19th June, 2027.
    Special
    99.60% for0.40% against

    Against: promoters 0.00% · institutions 0.93% · other public 0.75%

    Turnout: all 87.26% · promoters 100.00% · institutions 97.26% · other public 4.50%

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, 15 Apr 2022, 2 resolutions

The company's voting result (opens in a new tab)

  1. To approve reappointment of Shri Kunjalbhai L. Patel (DIN 00008354) as a Vice Chairman and Managing Director of the Company for further period of five years with effect from March 15, 2022 to March 14, 2027MoreLess
    SpecialPromoters have an interest in it
    99.81% for0.19% against

    Against: promoters 0.00% · institutions 0.45% · other public 0.04%

    Turnout: all 87.19% · promoters 100.00% · institutions 97.58% · other public 4.21%

  2. To approve payment of aggregate annual remuneration in excess of 2.5% of net profits of the Company in a year to Shri Kunjalbhai L. Patel, Vice Chairman & Managing Director of the Company who is Promoter of the Company.MoreLess
    SpecialPromoters have an interest in it
    96.85% for3.15% against

    Against: promoters 0.00% · institutions 7.38% · other public 8.03%

    Turnout: all 87.19% · promoters 100.00% · institutions 97.58% · other public 4.21%

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.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 31 Jul 2026, 8 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To consider and adopt the Audited Financial Statement for the Financial Year ended March 31, 2026, together with the Directors’ and the Auditors’ Reports thereon.
    8 for0 against
  • To declare a final dividend of Rs.100/- (Rupees One Hundred Only) per equity share for the year ended March 31, 2026.
    8 for0 against
  • To appoint a Director in place of Shri Kanubhai S. Patel (DIN 00008395), who retires by rotation and being eligible offers himself for re-appointment.
    8 for0 against
  • Approval of remuneration of the M/s. Y. S. Thakar & Co., Cost Auditors for the financial year 2026-27.
    8 for0 against

Mutual fund votes, meeting of 29 Jul 2025, 14 fund houses

  • To consider and adopt the Audited Financial Statement for the Financial Year ended March 31, 2025, together with the Directors’ and the Auditors’ Reports thereon.
    14 for0 against
  • To declare a final dividend of ₹100/- (Rupees One Hundred Only) per equity share for the year ended March 31, 2025.
    14 for0 against
  • To appoint a Director in place of Smt. Taral K. Patel (DIN 00023066), who reres by rotaon and being eligible offers herself for re-appointment.
    14 for0 against
  • To approve remuneration of the M/s. Y. S. Thakar & Co., Cost Auditors for the financial year 2025-26.
    14 for0 against
  • To appoint M/s. J J Gandhi & Co., Practicing Company Secretaries as a Secretarial Auditors for the term of 5 (five) consecutive years
    14 for0 against
6 earlier meetings

Mutual fund votes, meeting of 7 Mar 2025, 11 fund houses

  • To approve re-appointment of Shri Kanubhai S. Patel (DIN: 00008395) as a Chairman and Managing Director of the Company for further period of five years with effect from February 11, 2025 to February 10, 2030MoreLess
    Against Bandhan Mutual Fund, Groww Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual FundCompliant with Law. No issues on merit of appointee. Governance concern: Mr. Kanubhai S. Patel is holding position of Chairman and Managing Director.
    9 for2 against
  • To appoint Shri Mayur K. Swadia (DIN: 01237189) as an Independent Director
    11 for0 against

Mutual fund votes, meeting of 29 Jul 2024, 11 fund houses

  • To consider and adopt the Audited Financial Statement for the Financial Year ended 31st March, 2024, together with the Directors’ and the Auditors’ Reports thereon.
    11 for0 against
  • To declare a final dividend of Rs. 100 per equity share for the year ended 31st March, 2024.
    11 for0 against
  • To appoint a Director in place of Shri Kunjal L. Patel (DIN 0008354), who retires by rotation and being eligible offers himself for re-appointment.
    11 for0 against
  • To appoint Smt. Roopa B. Patel (DIN: 00090105) as an Independent Director.
    11 for0 against
  • To appoint Shri Sameer Khera (DIN: 00009317) as an Independent Director.
    Against Bandhan Mutual Fund, Groww Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual FundAppointment Complaint with law. Governance Concern: Holds 2 Full-time positions.
    9 for2 against
  • To approve remuneration of the Cost Auditors for the financial year 2024-25.
    11 for0 against

Mutual fund votes, meeting of 7 Aug 2023, 6 fund houses

  • To consider and adopt the Audited Financial Statement for the Financial Year ended 31st March, 2023, together with the Directors’ and the Auditors’ Reports thereon.
    6 for0 against
  • To declare a final dividend of INR 60 per equity share for the year ended March 31, 2023.
    6 for0 against
  • To appoint a Director in place of Shri Kanubhai S. Patel (DIN 0008395), who retires by rotation and being eligible offers himself for re-appointment.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. Governance Concern: Combined position of Chairman and Managing Director.
    5 for1 against
  • To approve remuneration of the Cost Auditors for the financial year 2023-24.
    6 for0 against

Mutual fund votes, meeting of 12 Aug 2022, 3 fund houses

  • To approve remuneration of the Cost Auditors for the financial year 2022-23.
    3 for0 against
  • To reappoint M/s. CNK & Associates LLP, Chartered Accountants (FRN: 101961W/W100036) as statutory auditors of the Company.
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundInadequate disclosure
    2 for1 against
  • To appoint a Director in place of Smt. Taral K. Patel (DIN 00023066), who retires by rotation and being eligible offers herself for re-appointment.
    3 for0 against
  • To declare a final dividend of Rs. 35 per equity share for the year ended 31st March, 2022.
    3 for0 against
  • To consider and adopt the Audited Financial Statement for the Financial Year ended 31st March, 2022, together with the Directors’ and the Auditors’ Reports thereon.
    3 for0 against

Mutual fund votes, meeting of 31 Jul 2022, 3 fund houses

  • To appoint Shri Jabal C. Lashkari (DIN: 00216994) as an Independent Director for the term of five consecutive years commencing from 20th June, 2022 upto 19th June, 2027
    3 for0 against
  • To appoint Ms. Visha Suchde (DIN: 05209312) as an Independent Director for the term of five consecutive years commencing from 20th June, 2022 upto 19th June, 2027.
    3 for0 against

Mutual fund votes, meeting of 15 Apr 2022, 3 fund houses

  • To approve reappointment of Shri Kunjalbhai L. Patel (DIN 00008354) as a Vice Chairman and Managing Director of the Company for further period of five years with effect from March 15, 2022 to March 14, 2027MoreLess
    3 for0 against
  • To approve payment of aggregate annual remuneration in excess of 2.5% of net profits of the Company in a year to Shri Kunjalbhai L. Patel, Vice Chairman & Managing Director of the Company who is Promoter of the Company.MoreLess
    3 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

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
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
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.