Welspun Investments and Commercials logo

Welspun Investments and Commercials MD, chairman, board of directors and AGM

NSE: WELINVBSE: 533252FinanceSmall Cap

Last close ₹1,600.00down ₹52.00 (3.15%)BSE ₹1,599.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,652.00.

52-week range of traded prices to 23 Oct 2026
₹1,065.50Low, 7 Nov 2025₹2,500.00High, 5 Oct 2026
Market cap
₹585 Cr1,819th largest listed
P/E
189.6
P/B
0.9
Dividend yield
Nonein the last 12 months
ROE
0.4%
ROCE
0.6%
Debt to equity
0.00
Volume, NSE
17,290

Welspun Investments and Commercials 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

  • ChairpersonSitaram Somani
  • Company Secretary and Compliance OfficerAmol Nandedkar

6 directors2 independent1 executive3 non-executive

  • Sitaram Somani · ChairpersonIndependent · joined Jan 2024 · reappointed Jan 2024 · 48 months as independent · 1 listed board · 1 as independent · 3 committee seats, 1 as chair
  • Amita KariaIndependent · joined Jan 2024 · reappointed Jan 2024 · 48 months as independent · 1 listed board · 3 as independent · 5 committee seats, 2 as chair
  • L. T. HotwaniNon-executive · joined Nov 2011 · reappointed Nov 2011 · 36 months as independent · 1 listed board · 2 committee seats, 1 as chair
  • Hardik DhebarNon-executive · joined Aug 2024 · reappointed Sep 2024 · 36 months as independent · 1 listed board
  • Gajendra NaharExecutive · joined Aug 2024 · reappointed Sep 2024 · 60 months as independent · 1 listed board
  • Devendra PatilNon-executive · joined Aug 2024 · reappointed Sep 2024 · 36 months as independent · 1 listed board

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

    • 22 May 20265 of 6 present2 independent · 106 days in between
    • 4 Feb 20266 of 6 present2 independent
  • Audit Committee

    Chair Sitaram Somani

    L. T. Hotwani, Amita Karia

    • 22 May 20263 of 3 present2 independent · 106 days in between
    • 4 Feb 20263 of 3 present2 independent
  • Nomination and remuneration committee

    Chair Amita Karia

    Sitaram Somani, L. T. Hotwani

    • 22 May 20263 of 3 present2 independent · 366 days in between
    • 20 May 20253 of 3 present2 independent
  • Stakeholders Relationship Committee

    Chair L. T. Hotwani

    Amita Karia, Sitaram Somani

    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.

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

Welspun Investments and Commercials 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.Welspun Investments and Commercials share news and announcements

Annual general meeting, 30 Sep 2026

12,763 shareholders on the register on 23 Sep 2026; present: 5 promoters and 37 others; votes counted by SUNIL ZORE / SPZ & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited financial statements for the financial year ended March 31, 2026 and the Reports of the Board of Directors and the Auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 88.99% · promoters 100.00% · institutions 0.00% · other public 56.84%

  2. Appointment of Mr. Devendra Patil (DIN: 0062784), Director retiring by rotation as Non-Executive, Non-Independent Director
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 88.99% · promoters 100.00% · institutions 0.00% · other public 56.84%

  3. Investment by Vishwakarma Realty Private Limited, a wholly owned subsidiary of the Company in Indivara Realty Private Limited, a promoter group company through subscription of Optionally Convertible Debentures, constituting a Material Related Party transaction.MoreLess
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 14.40% · promoters 0.00% · institutions 0.00% · other public 56.84%

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 2025, 4 resolutions

13,448 shareholders on the register on 23 Sep 2025; present: 6 promoters and 46 others; votes counted by SUNIL ZORE / SPZ & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited financial statements for the financial year ended March 31, 2025 and the Reports of the Board of Directors and the Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 81.56% · promoters 100.00% · institutions 0.00% · other public 27.59%

  2. To appoint a Director in place of Mr. Hardik Dhebar (DIN: 00046112), who retires by rotation, and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 81.56% · promoters 100.00% · institutions 0.00% · other public 27.59%

  3. Appointment of M/s. CNK & Associates LLP, Chartered Accountants, Firm Registration Number: 101961 W/W-100036 as the Statutory Auditors of the Company.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 81.56% · promoters 100.00% · institutions 0.00% · other public 27.59%

  4. Appointment of Secretarial Auditors for a period of 5 consecutive years.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 81.56% · promoters 100.00% · institutions 0.00% · other public 27.59%

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 Sep 2024, 5 resolutions

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

  1. Adoption of audited financial statements of the Company for the financial year ended March 31, 2024 together with Auditors’ Report and Directors’ Report thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.76%

    Turnout: all 74.73% · promoters 100.00% · institutions 95.07% · other public 0.07%

  2. Re-appointment of Mr. L. T. Hotwani (DIN – 00007125) as Director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.76%

    Turnout: all 74.73% · promoters 100.00% · institutions 95.07% · other public 0.07%

  3. Appointment of Mr. Gajendra Nahar (DIN – 02840211) as Executive Director (Whole-time)
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.36%

    Turnout: all 74.73% · promoters 100.00% · institutions 95.07% · other public 0.07%

  4. Appointment of Mr. Hardik Dhebar (DIN – 00046112) as Non-Executive Non-Independent Director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.76%

    Turnout: all 74.73% · promoters 100.00% · institutions 95.07% · other public 0.07%

  5. Appointment of Mr. Devendra Patil (DIN – 00062784) as Non-Executive Non-Independent Director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.76%

    Turnout: all 74.73% · promoters 100.00% · institutions 95.07% · other public 0.07%

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, 21 Apr 2024, 2 resolutions

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

  1. Special Resolution for Appointment of Ms. Amita Karia (DIN: 07068393) as annIndependent Director for term of four consecutive years with effect from January 31,n2024
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 46.39%

    Turnout: all 74.78% · promoters 100.00% · institutions 95.07% · other public 0.29%

  2. Special Resolution for Appointment of Mr. Sitaram Somani (DIN: 00005017) as annIndependent Director for term of four consecutive years with effect from January 31,n2024.
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 46.24%

    Turnout: all 74.78% · promoters 100.00% · institutions 95.07% · other public 0.29%

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 2023, 2 resolutions

Present: 0 promoters and 37 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt audited financial statements for the financial year ended March 31,2023 and the reports of the Board of Directors and the Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.59% · promoters 100.00% · institutions 0.00% · other public 0.02%

  2. To appoint a Director in place of Mr. L.T. Hotwani (DIN: 00007125), who retires by rotation, and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.59% · promoters 100.00% · 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, 26 Sep 2022, 2 resolutions

Present: 0 promoters and 36 others.The company's voting result (opens in a new tab)

  1. Ordinary Resolution to receive, consider and adopt the Balance Sheet as at March 31, 2022 and the Profit and Loss Account for the year ended on that date and the Report of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.60% · promoters 100.00% · institutions 0.00% · other public 0.09%

  2. Ordinary Resolution to appoint a Director in place of Mr. L. T. Hotwani (holding DIN 00007125) who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.60% · promoters 100.00% · institutions 0.00% · other public 0.09%

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, 2 resolutions

Present: 2 promoters and 42 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Balance Sheet as at March 31, 2021 and the Profit and Loss Account for the year ended on that date and the Report of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.59% · promoters 100.00% · institutions 0.00% · other public 0.02%

  2. Ordinary Resolution to appoint a Director in place of Mr. L. T. Hotwani (holding DIN 00007125) who retires by rotation and being eligible offers himself for re-appointment.nn
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.59% · promoters 100.00% · 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, 30 Sep 2020, 3 resolutions

Present: 0 promoters and 43 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited financial statements for the financial year ended March 31, 2020 and the Reports of the Board of Directors and the Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 85.58% · promoters 100.00% · institutions 0.00% · other public 43.37%

  2. To appoint a Director in place of Mr. L. T. Hotwani (DIN 00007125), who retires by rotation, and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 85.58% · promoters 100.00% · institutions 0.00% · other public 43.37%

  3. To appoint M/s. PYS & Co. LLP, Chartered Accountants (Registration No. 012388S/S200048), as the Statutory Auditors of the Company for a further period of 5 years.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 85.58% · promoters 100.00% · institutions 0.00% · other public 43.37%

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

At most 6 complaints open, quarter to Mar 2025.
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
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.