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Windsor Machines CEO, MD, chairman, board of directors and AGM

NSE: WINDMACHINBSE: 522029Industrial ManufacturingSmall Cap

Last close ₹281.75down ₹5.45 (1.90%)BSE ₹280.85

Share price at the NSE close on 23 Oct 2026. Previous close ₹287.20.

52-week range of traded prices to 23 Oct 2026
₹200.65Low, 30 Mar 2026₹343.90High, 10 Jun 2026
Market cap
₹2,915 Cr1,097th largest listed
P/E
Earlier quarters restated in the year
P/B
Shares changed
Dividend yield
Nonein the last 12 months
ROE
Assets held for saleon the latest balance sheet
ROCE
Assets held for saleon the latest balance sheet
Debt to equity
Assets held for saleon the latest balance sheet
Volume, NSE
1,29,42063.6% delivered

Windsor Machines 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

  • Chief executiveVinay Girdhar Bansod
  • Company Secretary and Compliance OfficerRohit Sojitra

8 directors4 independent3 executive1 non-executive

  • Vinay Girdhar Bansod · Chief executiveExecutive · joined May 2021 · reappointed May 2024 · 1 listed board · 1 committee seat
  • Hitendrabhai Hasmukhbhai PatelExecutive · joined Feb 2025 · 1 listed board · 1 committee seat
  • Garima MalhotraIndependent · joined Sep 2024 · 21 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Manoj Dineshchandra AntaniIndependent · joined Sep 2024 · 21 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Subhendu RoyIndependent · joined Sep 2024 · 21 months as independent · 1 listed board · 1 as independent
  • Vivek ChopraNon-executive · joined Sep 2024 · 2 listed boards · 1 committee seat
  • Ravi MamodiyaIndependent · joined Apr 2025 · 14 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Dharmendra Becharbhai VarasadaExecutive · joined May 2026 · 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.

2 directors who left
  • Vinit Dharamshibhai Bediya, left 9 May 2026: Others
  • Manoj Lalchand Lodha, left 18 Jan 2025: Others

Committees and meetings

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

  • Board

    • 24 Jun 20267 of 8 present4 independent · 45 days in between
    • 9 May 20267 of 8 present4 independent · 90 days in between
    • 7 Feb 20267 of 8 present4 independent · 7 days in between
    • 30 Jan 20267 of 8 present4 independent

  • Audit Committee

    Chair Ravi Mamodiya

    Vivek Chopra, Garima Malhotra, Manoj Dineshchandra Antani

    • 24 Jun 20264 of 4 present3 independent · 45 days in between
    • 9 May 20264 of 4 present3 independent · 90 days in between
    • 7 Feb 20264 of 4 present3 independent · 7 days in between
    • 30 Jan 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Subhendu Roy

    Garima Malhotra, Ravi Mamodiya

    • 24 Jun 20263 of 3 present3 independent · 45 days in between
    • 9 May 20263 of 4 present3 independent

  • Stakeholders Relationship Committee

    Vinay Girdhar Bansod, Manoj Dineshchandra Antani, Hitendrabhai Hasmukhbhai Patel

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Manoj Dineshchandra Antani

    Garima Malhotra, Subhendu Roy

    No meeting listed in the filing.

  • Operation and Banking Committee

    Chair Vivek Chopra

    Vinay Girdhar Bansod, Hitendrabhai Hasmukhbhai Patel

    No meeting listed in the filing.

  • Investment Committee

    Ravi Mamodiya, Hitendrabhai Hasmukhbhai Patel, Dharmendra Becharbhai Varasada

    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 K Patodia & Associates LLPPeer-review certificate valid to Apr 2028
1 earlier auditor
  • JBTM and 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.

Windsor Machines 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.Windsor Machines dividend history

Annual general meeting, 29 Sep 2026

20,207 shareholders on the register on 22 Sep 2026; present: 1 promoter and 76 others; votes counted by Rama Subramanian / Rama Subramanian.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements together with the Reports of the Board of Directors and Auditors thereon and Audited Consolidated Financial Statements together with the Report of Auditors thereon, of the Company for the Financial Year ended March 31, 2026MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 54.03% · promoters 100.00% · institutions 0.01% · other public 19.27%

  2. To appoint Mr. Hitendrabhai Hasmukhbhai Patel (DIN: 09176579), who retires by rotation at the Annual General Meeting (AGM) and being eligible, has offered, himself for reappointment, be and is hereby reappointed as a Director of the Company.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 54.03% · promoters 100.00% · institutions 0.01% · other public 19.27%

  3. To ratify the remuneration of M/s. Ashish Bhavsar & Associates, the Cost Auditor of the Company for the financial year ending March 31, 2027.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 54.03% · promoters 100.00% · institutions 0.01% · other public 19.27%

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, 27 Jun 2026, 3 resolutions

19,955 shareholders on the register on 22 May 2026; votes counted by Rama Subramanian / Rama Subramanian.The company's voting result (opens in a new tab)

  1. Approval to sell, transfer, convey, assign or otherwise dispose of the Company's immovable property/ies viz Industrial Plots along with Building Construction and fixed assets attached to the construction located at Plots No. E-6 and E-6(A), Wagale (Thane) Industrial Area, Maharashtra, under Section 180(1)(a) of the Companies Act, 2013.MoreLess
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.01%

    Turnout: all 54.75% · promoters 100.00% · institutions 0.83% · other public 17.51%

  2. To approve the increase in the limit of managerial remuneration payable to Mr. Vinay Bansod, (DIN: 09168450) Whole Time Director and Chief Executive Officer of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 54.75% · promoters 100.00% · institutions 0.83% · other public 17.51%

  3. To approve the appointment of Mr. Dharmendra Becharbhai Varasada (DIN: 09176580) as an Executive Director of the Company for the term of 3 (three) consecutive years.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 52.53% · promoters 100.00% · institutions 0.83% · other public 13.14%

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.

Postal ballot, 13 Mar 2026, 1 resolution

20,615 shareholders on the register on 6 Feb 2026; votes counted by Rama Subramanian / Rama Subramanian.The company's voting result (opens in a new tab)

  1. Approval to sell, transfer, convey, lease, assign or otherwise dispose of the Company's immovable property/ies viz Industrial Plots along with Factory Building Construction and fixed assets attached to the construction located at Plots No. 5402-5405, Phase IV, GIDC Vatva, Ahmedabad-382445, under Section 180(1)(a) of the Companies Act, 2013.MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 55.20% · promoters 100.00% · institutions 0.65% · other public 18.09%

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.

Extraordinary general meeting, 7 Dec 2025, 1 resolution

21,232 shareholders on the register on 1 Dec 2025; present: 0 promoters and 56 others; votes counted by Rama Subramanian / Rama Subramanian.The company's voting result (opens in a new tab)

  1. Issuance of Equity Shares of the Company to certain identified persons on Preferential Basis for consideration other than cash
    Special
    100.00% for0.00% against

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

    Turnout: all 55.21% · promoters 100.00% · institutions 1.57% · other public 17.52%

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, 20 Sep 2025, 5 resolutions

21,547 shareholders on the register on 13 Sep 2025; present: 1 promoter and 93 others; votes counted by Ms. Rama Subramanian / Ms. Rama Subramanian.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company on Standalone and Consolidated basis for the Financial Year ended March 31, 2025 together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 53.79% · promoters 100.00% · institutions 0.00% · other public 17.41%

  2. To appoint a Director in place of Mr. Vivek Chopra (DIN: 10240558), 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 53.79% · promoters 100.00% · institutions 0.00% · other public 17.41%

  3. To appoint M/s. S K Patodia & Associates LLP, Chartered Accountants (ICAI Firm Registration No. 112723W/W100962) as Statutory Auditors of the Company for the term of five consecutive years.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 53.79% · promoters 100.00% · institutions 0.00% · other public 17.41%

  4. To ratify the remuneration of M/s. Ashish Bhavsar & Associates, Cost Auditor of the Company for the financial year ending March 31, 2026.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 53.79% · promoters 100.00% · institutions 0.00% · other public 17.41%

  5. To appoint M/s. Kashyap R. Mehta & Associates, a proprietor firm of Practicing Company Secretaries, Peer Reviewed (FCS-1821, COP-2052, PR-5709/2024), as Secretarial Auditors of the Company for the term of five consecutive years.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 53.79% · promoters 100.00% · institutions 0.00% · other public 17.41%

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, 3 Jul 2025, 2 resolutions

21,271 shareholders on the register on 30 May 2025; votes counted by Rama Subramanian / Rama Subramanian.The company's voting result (opens in a new tab)

  1. To Appoint Mr. Ravi Mamodiya (DIN: 07609452) as a Non-Executive Independent Director for the term of five years.
    Special
    100.00% for0.00% against

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

    Turnout: all 53.79% · promoters 100.00% · institutions 0.00% · other public 17.42%

  2. To approve the Shifting of the Registered Office of the Company from The “State of Maharashtra” to The “State of Gujarat” and consequential amendment to the Memorandum of Association of the Company pertaining to the state of Registered Office of the CompanyMoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 53.79% · promoters 100.00% · institutions 0.00% · other public 17.42%

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, 24 Apr 2025, 1 resolution

21,043 shareholders on the register on 21 Mar 2025; votes counted by Ms. Rama Subramanian / CS Rama Subramanian.The company's voting result (opens in a new tab)

  1. To Appoint Mr. Hitendrabhai Hasmukhbhai Patel (DIN: 09176579) as an Executive Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.14%

    Turnout: all 49.09% · promoters 100.00% · institutions 0.00% · other public 0.06%

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, 9 Dec 2024, 5 resolutions

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

  1. Appointment of Ms. Garima Malhotra (DIN: 10762983) as an Independent Director of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 56.02% · promoters 100.00% · institutions 0.00% · other public 4.76%

  2. Appointment of Mr. Manoj Antani (DIN: 05177142) as an Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 56.02% · promoters 100.00% · institutions 0.00% · other public 4.76%

  3. Appointment of Mr. Subhendu Roy (DIN: 10763149) as an Independent Director of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 56.02% · promoters 100.00% · institutions 0.00% · other public 4.76%

  4. Appointment of Mr. Vivek Chopra (DIN: 10240558) as a Non-Executive Non-Independent Director of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 56.02% · promoters 100.00% · institutions 0.00% · other public 4.76%

  5. Appointment of Mr. Vinit Bediya (DIN: 07915192) as a Non-Executive Non-Independent Director of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 56.02% · promoters 100.00% · institutions 0.00% · other public 4.76%

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.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeAssistant Commissioner of Income Tax Central Circle 1 NashikSince 31 Mar 2014
    The Company has filled appeal with Mumbai High court. Tax liability with interest has been provided in the books.
    At the filing before: The Income Tax Department challenged the CIT (A) decision before ITAT which has allowed appeals filed by revenue. Company had filed a Miscellaneous Application (MA) to the ITAT but MA has been rejected. The Company has provided for the Tax liability which works out to be Rs. 1548.33 Lakhs including interest during the period ended on 30th September 2024.MoreLess

In the company's own words, from its latest governance filing.

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 1 complaint open, quarter to Dec 2025.
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
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesJan 2025, checked by ICRA Limited700.07To fund the acquisition of Global CNC Private Limited and related expenses344.00342.77No
Preferential IssuesJan 2025, checked by ICRA Limited700.07Funding the capex requirements165.00156.40No
Preferential IssuesJan 2025, checked by ICRA Limited700.07Working Capital for Company63.8063.80No
Preferential IssuesJan 2025, checked by ICRA Limited700.07Working Capital for Global CNC Private Limited52.2052.20No
Preferential IssuesJan 2025, checked by ICRA Limited700.07General Corporate Purpose100.0015.00No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.