Zenith Exports MD, chairman, board of directors and AGM
NSE: ZENITHEXPOBSE: 512553Consumer DurablesSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹192.00.
- Under NSE's long-term additional surveillance, stage I, on the list for 23 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- 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.
- ₹98 Cr2,847th 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 12 Aug 2026
- 339.4
- 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 29 May 2026
- 1.2
- 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 12 Aug 2026
- 0.3%
- 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 12 Aug 2026
- −3.7%
- 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 29 May 2026
- 0.03
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 28596.5% delivered
Zenith Exports board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Managing directorVARUN LOYALKA
- Company Secretary and Compliance OfficerAnita Kumari Gupta
6 directors4 independent1 executive1 non-executive
- VARUN LOYALKA · Managing directorExecutive · joined May 2018 · reappointed Sep 2024 · 36 months as independent · 1 listed board
- URMILA LOYALKANon-executive · joined Feb 2015 · 60 months as independent · 1 listed board
- RABINDRA KUMAR SARAWGEE · Shareholder DirectorIndependent · joined Nov 2018 · reappointed Nov 2023 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- KAMAL KOOMAR JAIN · Shareholder DirectorIndependent · joined Feb 2019 · reappointed Feb 2024 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats
- PRIYANKA PODDAR · Shareholder DirectorIndependent · joined Mar 2026 · 60 months as independent · 3 listed boards · 3 as independent · 2 committee seats
- RASNA GOYAL · Shareholder DirectorIndependent · joined Mar 2026 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat
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.
4 directors who left
- SUBHAJEET KAR, left 19 Mar 2026: Others
- SANJAY KUMAR SHAW, left 8 Feb 2026: Others
- ABHISHEK BAFNA, left 25 Jul 2025: Others
- SURENDRA BAFNA, left 25 Jun 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 12 Aug 20266 of 6 present4 independent · 74 days in between
- 29 May 20266 of 6 present4 independent · 50 days in between
- 8 Apr 20266 of 6 present4 independent
Audit Committee
Chair RABINDRA KUMAR SARAWGEE
KAMAL KOOMAR JAIN, PRIYANKA PODDAR, RASNA GOYAL
- 12 Aug 20264 of 4 present4 independent · 74 days in between
- 29 May 20264 of 4 present4 independent
Nomination and remuneration committee
Chair KAMAL KOOMAR JAIN
RABINDRA KUMAR SARAWGEE, URMILA LOYALKA
- 12 Aug 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair RABINDRA KUMAR SARAWGEE
KAMAL KOOMAR JAIN, PRIYANKA PODDAR
- 8 Sep 20263 of 3 present3 independent · 26 days in between
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.
- V. GOYAL & ASSOCIATESPeer-review certificate valid to Jan 2027
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.
Zenith Exports 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.Zenith Exports share news and announcements
Annual general meeting, 24 Sep 2026
2,432 shareholders on the register on 17 Sep 2026; present: 12 promoters and 30 others; votes counted by MR. VIVEK MISHRA / M&A ASSOCIATES.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2026, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 62.56% · promoters 100.00% · institutions 0.00% · other public 31.25%
- To appoint a Director in place of Mrs. Urmila Loyalka (DIN: 00009266), who retires by rotation and, being eligible, offers herself for re-appointment.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 62.56% · promoters 100.00% · institutions 0.00% · other public 31.25%
- Increase in Managerial Remuneration of Mr. Varun Loyalka (DIN-07315452) Managing Director of the CompanySpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 62.56% · promoters 100.00% · institutions 0.00% · other public 31.25%
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.
Postal ballot, 17 May 2026, 2 resolutions
2,033 shareholders on the register on 10 Apr 2026; votes counted by CS VIVEK MISHRA / M&A ASSOCIATES.The company's voting result (opens in a new tab)
- To appoint Mrs. Priyanka Poddar (DIN: 10481007 as an Independent Director of the Company).Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 62.55% · promoters 100.00% · institutions 0.00% · other public 31.23%
- To appoint Mrs. Rasna Goyal (DIN: 03383291 as an Independent Director of the Company).Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 62.55% · promoters 100.00% · institutions 0.00% · other public 31.23%
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, 24 Sep 2025, 3 resolutions
2,595 shareholders on the register on 17 Sep 2025; present: 13 promoters and 20 others; votes counted by Mr. Vivek Mishra / M&A Associates.The company's voting result (opens in a new tab)
To receive consider and adopt the Audited Standalone Financ ial Statements of the Company for the financial year ended 3 1st March, 2025, together with the Reports of the Board of Di rectors and Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 52.15% · promoters 77.16% · institutions 0.00% · other public 31.23%
- To appoint a Director in place of Mr. Varun Loyalka (DIN: 073 15452), who retires by rotation and being eligible, offers him self for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 52.15% · promoters 77.16% · institutions 0.00% · other public 31.23%
- Appointment of Mr. Vivek Mishra (Membership No. F8540, CP No. 17218) Partner, M and A Associates as Secretarial Audito r of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 52.15% · promoters 77.16% · institutions 0.00% · other public 31.23%
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, 1 resolution
2,490 shareholders on the register on 6 Jun 2025; votes counted by CS VIVEK MISHRA / M&A ASSOCIATES.The company's voting result (opens in a new tab)
- Appointment of Mr. Abhishek Bafna (DIN: 10064801) as an Independent Director of the Company.SpecialNot passedRecorded as not passed although most votes were for it; no reason is given66.12% for33.88% against
Against: promoters 0.00% · institutions 0.00% · other public 65.33%
Turnout: all 94.60% · promoters 100.00% · institutions 0.00% · other public 90.08%
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, 24 Sep 2024, 3 resolutions
Present: 11 promoters and 53 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2024, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary66.12% for33.88% againstAgainst: promoters 0.00% · institutions 0.00% · other public 65.33%
Turnout: all 94.60% · promoters 100.00% · institutions 0.00% · other public 90.08%
- To appoint a Director in place of Mrs. Urmila Loyalka (DIN: 00009266), who retires by rotation and being eligible, offers herself for re-electionOrdinaryPromoters have an interest in it53.75% for46.25% against
Against: promoters 0.00% · institutions 0.00% · other public 65.33%
Turnout: all 69.28% · promoters 44.41% · institutions 0.00% · other public 90.08%
- To re-appoint Mr. Varun Loyalka (DIN: 07315452) as Managing Director of the Company and in this regard to consider and, if thought fit, to pass the following resolution as an Ordinary ResolutionOrdinaryPromoters have an interest in it53.75% for46.25% against
Against: promoters 0.00% · institutions 0.00% · other public 65.33%
Turnout: all 69.28% · promoters 44.41% · institutions 0.00% · other public 90.08%
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, 30 Mar 2024, 2 resolutions
The company's voting result (opens in a new tab)
- Re-Appointment of Mr. Kamal Koomar Jain (DIN:00551662), as Non-Executive Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 74.11% · promoters 100.00% · institutions 0.00% · other public 46.34%
- Re-appointment of MR. SANJAY KUMAR SHAW (DIN: 08507089), as Non-Executive Independent Director of the Company. nSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 74.11% · promoters 100.00% · institutions 0.00% · other public 46.34%
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, 19 Dec 2023, 2 resolutions
The company's voting result (opens in a new tab)
- Re-appointment of Mr. Rabindra Kumar Sarawgee(DIN: 00559970), as Non Executive Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 91.40% · promoters 100.00% · institutions 0.00% · other public 82.17%
- Re-appointment of Mr.Surendra Bafna (DIN: 0127681), as Non-Executive Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 91.40% · promoters 100.00% · institutions 0.00% · other public 82.17%
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 2023, 2 resolutions
Present: 11 promoters and 50 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31stMarch, 2023, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary65.90% for34.10% againstAgainst: promoters 0.00% · institutions 0.00% · other public 74.98%
Turnout: all 94.92% · promoters 100.00% · institutions 0.00% · other public 89.48%
- To appoint a Director in place of Mr. Varun Loyalka (DIN: 07315452), who retires by rotation and, being eligible, offers himself for re-appointment.Ordinary65.90% for34.10% against
Against: promoters 0.00% · institutions 0.00% · other public 74.98%
Turnout: all 94.92% · promoters 100.00% · institutions 0.00% · other public 89.48%
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
- 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
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.