Indosolar MD, chairman, board of directors and AGM
NSE: WAAREEINDOBSE: 533257Electrical EquipmentSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹201.21.
- 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.
- ₹825 Cr1,231st 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 21 Oct 2026
- 6.6
- 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 21 Oct 2026
- 2.5
- 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 21 Oct 2026
- 47.0%
- 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 21 Oct 2026
- 49.1%
- 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 Sep 2026. The filing of 21 Oct 2026
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,73,13055.6% delivered
Indosolar 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 directorHitesh Chimanlal DoshiRelated to the promoter
- Company Secretary and Compliance OfficerAkalpita Harnish patel
8 directors4 independent1 executive3 non-executive
- Hitesh Chimanlal Doshi · Chairperson and managing directorExecutive · joined May 2022 · 2 listed boards
- Viren Chimanlal DoshiNon-executive · joined May 2022 · 3 listed boards · 2 committee seats
- Hitesh Pranjivan MehtaNon-executive · joined Jun 2022 · 3 listed boards · 7 committee seats, 1 as chair
- Anita JaiswalIndependent · joined Aug 2022 · 60 months as independent · 2 listed boards · 2 as independent · 1 committee seat
- Jayesh Dhirajlal ShahIndependent · joined Aug 2022 · 60 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair
- Mahesh Ramchand ChhabriaIndependent · joined Apr 2025 · 60 months as independent · 6 listed boards · 6 as independent · 6 committee seats, 4 as chair
- Jignesh Devchandbhai RathodNon-executive · joined Jan 2026 · 2 listed boards
- Nilesh GandhiIndependent · joined Apr 2026 · 60 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 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.
2 directors who left
- Shiv Kumar Agarwal, left 28 Jan 2026: Others
- Amit Ashok Paithankar, left 16 Jan 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 20 Apr 20267 of 8 present4 independent · 93 days in between
- 16 Jan 20267 of 8 present3 independent
Audit Committee
Chair Jayesh Dhirajlal Shah
Anita Jaiswal, Hitesh Pranjivan Mehta
- 20 Apr 20263 of 3 present2 independent · 93 days in between
- 16 Jan 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Jayesh Dhirajlal Shah
Hitesh Pranjivan Mehta, Anita Jaiswal
- 20 Apr 20263 of 3 present2 independent · 93 days in between
- 16 Jan 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Hitesh Pranjivan Mehta
Viren Chimanlal Doshi, Jayesh Dhirajlal Shah
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair Hitesh Pranjivan Mehta
Viren Chimanlal Doshi, Jayesh Dhirajlal Shah
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.
- S.G.C.O &CO.LLPPeer-review certificate valid to Oct 2028
1 earlier auditor
- S.G.C.O & 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.
Indosolar 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.Indosolar share news and announcements
Annual general meeting, 31 Aug 2026
74,342 shareholders on the register on 24 Aug 2026; present: 1 promoter and 48 others; votes counted by Puneet Motwani / M/S PUNEET MOTWANI & ASSOCIATES.The company's voting result (opens in a new tab)
TO CONSIDER AND ADOPT THE AUDITED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026, AND THE REPORTS OF THE BOARD OF DIRECTORS AND AUDITORS THEREON AND IN THIS REGARDS, CONSIDER AND IF THOUGHT FIT, TO PASS THE FOLLOWING RESOLUTION AS AN ORDINARY RESOLUTIONMoreLess
Ordinary99.96% for0.04% againstAgainst: promoters 0.00% · institutions 0.00% · other public 32.23%
Turnout: all 75.04% · promoters 100.00% · institutions 3.86% · other public 0.34%
TO APPOINT MR. HITESH PRANJIVAN MEHTA (DIN: 00207506), WHO RETIRES BY ROTATION AS A DIRECTOR AND IN THIS REGARD, CONSIDER AND IF THOUGHT FIT, TO PASS THE FOLLOWING RESOLUTION AS AN ORDINARY RESOLUTION.MoreLess
Ordinary99.96% for0.04% againstAgainst: promoters 0.00% · institutions 0.00% · other public 35.99%
Turnout: all 75.04% · promoters 100.00% · institutions 3.86% · other public 0.34%
TO APPROVE APPOINTMENT OF MR. NILESH BHOGILAL GANDHI (DIN: 03570656) AS AN INDEPENDENT DIRECTOR FOR A SECOND TERM OF 5 (FIVE) CONSECUTIVE YEARS, AND IN THIS REGARD, CONSIDER AND IF THOUGHT FIT, TO PASS THE FOLLOWING RESOLUTION AS A SPECIAL RESOLUTION.MoreLess
Special99.96% for0.04% againstAgainst: promoters 0.00% · institutions 2.51% · other public 36.03%
Turnout: all 75.04% · promoters 100.00% · institutions 3.86% · other public 0.34%
TO RATIFY THE REMUNERATION PAYABLE TO M/S N. RITESH & ASSOCIATES, COST AUDITORS, FOR THE FINANCIAL YEAR 2026-27, AND IN THIS REGARD, CONSIDER AND IF THOUGHT FIT, TO PASS THE FOLLOWING RESOLUTION AS AN ORDINARY RESOLUTION.MoreLess
Ordinary99.96% for0.04% againstAgainst: promoters 0.00% · institutions 0.00% · other public 35.41%
Turnout: all 75.04% · promoters 100.00% · institutions 3.86% · other public 0.34%
- TO APPROVE MATERIAL RELATED PARTY TRANSACTIONS FOR THE FINANCIAL YEAR 2026-27, AND IN THIS REGARD, CONSIDER AND IF THOUGHT FIT, TO PASS THE FOLLOWING RESOLUTION AS AN ORDINARY RESOLUTION.OrdinaryPromoters have an interest in it69.39% for30.61% against
Against: promoters 0.00% · institutions 0.00% · other public 40.26%
Turnout: all 0.11% · promoters 0.00% · institutions 3.86% · other public 0.34%
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, 20 Feb 2026, 2 resolutions
73,667 shareholders on the register on 16 Jan 2026; votes counted by Puneet Motwani & Associates / Puneet Motwani.The company's voting result (opens in a new tab)
- Appointment of Dr. Jignesh Devchandbhai Rathod (DIN: 11121448) as a Director (Non – Executive, Non – Independent)Ordinary99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 8.46%
Turnout: all 75.17% · promoters 100.00% · institutions 1.82% · other public 0.94%
- Shifting of Registered Office of the Company from National Capital Territory of Delhi to the State of Maharashtra and consequential amendment to the Memorandum of Association of the CompanySpecial99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 8.73%
Turnout: all 75.17% · promoters 100.00% · institutions 1.82% · other public 0.94%
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 Aug 2025, 6 resolutions
74,050 shareholders on the register on 22 Aug 2025; present: 1 promoter and 40 others; votes counted by Puneet Motwani / M/S PUNEET MOTWANI & ASSOCIATES.The company's voting result (opens in a new tab)
- TO CONSIDER AND ADOPT THE AUDITED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2025 AND THE REPORTS OF THE BOARD OF DIRECTORS AND AUDITORS THEREONOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.13%
Turnout: all 89.73% · promoters 100.00% · institutions 0.00% · other public 1.31%
- TO APPOINT MR. VIREN CHIMANLAL DOSHI (DIN: 00207121), WHO RETIRES BY ROTATION AS A DIRECTOROrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.17%
Turnout: all 89.73% · promoters 100.00% · institutions 0.00% · other public 1.31%
- TO APPOINT MR. SHIV KUMAR AGARWAL (DIN 05176334) AS AN INDEPENDENT DIRECTOR OF THE COMPANYSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.22%
Turnout: all 89.73% · promoters 100.00% · institutions 0.00% · other public 1.31%
- TO APPROVE REMUNERATION OF COST AUDITOR OF THE COMPANY FOR THE FINANCIAL YEAR 2025 – 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.16%
Turnout: all 89.73% · promoters 100.00% · institutions 0.00% · other public 1.31%
TO APPOINT M/S JAJODIA & ASSOCIATES, PRACTICING COMPANY SECRETARIES AS SECRETARIAL AUDITOR FOR A TERM OF 5 (FIVE) CONSEQUITIVE FINANCIAL YEARS COMMENCING FROM THE FINANCIAL YEAR 2025-26 UPTO THE FINANCIAL YEAR 2029-30MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 89.73% · promoters 100.00% · institutions 0.00% · other public 1.31%
- TO APPROVE MATERIAL RELATED PARTY TRANSACTIONSOrdinaryPromoters have an interest in it99.84% for0.16% against
Against: promoters 0.00% · institutions 0.00% · other public 0.16%
Turnout: all 0.14% · promoters 0.00% · institutions 0.00% · other public 1.31%
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 Jul 2025, 2 resolutions
63,537 shareholders on the register on 6 Jun 2025; votes counted by Puneet Motwani / M/S PUNEET MOTWANI & ASSOCIATES.The company's voting result (opens in a new tab)
- 1. APPOINTMENT OF MR. AMITASHOK PAITHANKAR (DIN: 02435057) AS DIRECTOR (NON-EXECUTIVE).Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.41%
Turnout: all 95.15% · promoters 100.00% · institutions 0.00% · other public 2.96%
- 2 - APPOINTMENT OF MR. MAHESH RAMCHAND CHHABRIA (DIN: 00166049) AS AN INDEPENDENT DIRECTOR OF THE COMPANY.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.40%
Turnout: all 95.15% · promoters 100.00% · institutions 0.00% · other public 2.96%
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.