Alpex Solar MD, chairman and AGM
NSE: ALPEXSOLARElectrical Equipment
Share price at the NSE close on 27 Oct 2026. Previous close ₹690.75.
27 Oct: open ₹690.75, high ₹709.95, low ₹690.75
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. Market capitalisation: how it is worked out
- ₹1,777 Cr
- 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. Price to earnings, trailing: how it is worked out
- 8.88
- 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. Price to book: how it is worked out
- 3.16
- 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.
- 51.4%
- 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.
- 28.3%
- 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.
- 0.90
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 23,40073.1% delivered
Alpex Solar's chairperson and managing director is ASHWANI SEHGAL, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 29 Sep 2026.
Alpex Solar 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
- Chairperson and managing directorASHWANI SEHGALRelated to the promoter
- Company SecretarySAKSHI TOMAR
7 directors4 independent3 executive
- ASHWANI SEHGAL · Chairperson and managing directorExecutive · joined Aug 1993 · 1 listed board
- MONICA SEHGALExecutive · joined Aug 1993 · 1 listed board · 1 committee seat
- VIPIN SEHGALExecutive · joined Jun 2017 · 1 listed board · 2 committee seats
- DEEPAK VERMAIndependent · joined Oct 2023 · reappointed Oct 2023 · 35 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 2 as chair
- INDRAJEET S KHANNAIndependent · joined Oct 2023 · reappointed Oct 2023 · 35 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- MUKESH MALHOTRAIndependent · joined Sep 2025 · reappointed Sep 2025 · 12 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 2 as chair
- SANGEETA BHATIAIndependent · joined May 2026 · reappointed May 2026 · 4 months as independent · 2 listed boards · 2 as independent · 4 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.
1 director who left
- Satish Kumar Gupta, left 30 Sep 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 5 Sep 20267 of 7 present4 independent · 21 days in between
- 14 Aug 20267 of 7 present4 independent · 26 days in between
- 18 Jul 20265 of 7 present3 independent · 18 days in between
- 29 Jun 20267 of 7 present4 independent · 38 days in between
1 earlier meeting
- 21 May 20266 of 6 present3 independent
Audit Committee
Chair INDRAJEET S KHANNA
DEEPAK VERMA, MUKESH MALHOTRA, VIPIN SEHGAL
- 5 Sep 20264 of 4 present3 independent · 21 days in between
- 14 Aug 20264 of 4 present3 independent · 26 days in between
- 18 Jul 20263 of 4 present2 independent · 18 days in between
- 29 Jun 20264 of 4 present3 independent · 24 days in between
2 earlier meetings
- 4 Jun 20264 of 4 present3 independent · 13 days in between
- 21 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair DEEPAK VERMA
INDRAJEET S KHANNA, MUKESH MALHOTRA
- 14 Aug 20263 of 3 present3 independent · 84 days in between
- 21 May 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair DEEPAK VERMA
MONICA SEHGAL, VIPIN SEHGAL
No meeting listed in the filing.
Risk Management Committee
Chair DEEPAK VERMA
MONICA SEHGAL, VIPIN SEHGAL
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair DEEPAK VERMA
ASHWANI SEHGAL, MONICA SEHGAL, VIPIN SEHGAL
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.
- M/s. Seth & SethPeer-review certificate valid to Feb 2027
1 earlier auditor
- Seth & SethNamed 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.
Alpex Solar 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.
Annual general meeting, 29 Sep 2026
8,630 shareholders on the register on 22 Sep 2026; present: 8 promoters and 26 others; votes counted by Mr. Narendra Rahalkar / Narendra Rahalkar & Co..
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Reports of the Board of Directors and the Statutory Auditor thereon and Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Report of the Statutory Auditor thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.51% · promoters 96.22% · institutions 1.03% · other public 6.79%
- To appoint a director in place of Mrs. Monica Sehgal (DIN: 00001213), who retires by rotation and being eligible, offers herself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 65.51% · promoters 96.22% · institutions 1.03% · other public 6.79%
- To re-appoint M/s. Seth and Seth Chartered Accountants as the Statutory Auditors of the Company for a second term of 5 (five) consecutive years and to determine their remunerationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 65.51% · promoters 96.22% · institutions 1.03% · other public 6.79%
- To appoint Narendra Rahalkar and Co., as the Secretarial Auditor of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 65.51% · promoters 96.22% · institutions 1.03% · other public 6.79%
- To ratify the remuneration of R. Nanabhoy and Co., the Cost Auditors of the Company for the Financial Year ending March 31, 2027Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.64%
Turnout: all 65.51% · promoters 96.22% · institutions 1.03% · other public 6.79%
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 Aug 2026, 4 resolutions
8,991 shareholders on the register on 17 Jul 2026; votes counted by Narendra Rahalkar / Narendra Rahalkar & Co..
- Approval for appointment of Mrs. Sangeeta Bhatia (DIN: 06889475) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.12%
Turnout: all 63.66% · promoters 96.22% · institutions 1.06% · other public 0.69%
- Approval for increase in the borrowing powers under Section 180(1)(c) of the Companies Act, 2013 up to Rs. 2,000 CroreSpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 4.66%
Turnout: all 63.66% · promoters 96.22% · institutions 1.06% · other public 0.69%
Approval for selling, leasing, otherwise disposing of the whole or substantially the whole of the undertakings of the Company or creation of hypothecations / mortgages and/or charges under section 180(1)(a) of the Companies Act, 2013MoreLess
Special99.98% for0.02% againstAgainst: promoters 0.00% · institutions 0.00% · other public 5.96%
Turnout: all 63.66% · promoters 96.22% · institutions 1.06% · other public 0.69%
- Approval for entering into Material Related Party Transaction(s) with Alpex NVNR Consortium (ANC), a Joint Venture /Consortium of the CompanyOrdinary97.79% for2.21% against
Against: promoters 0.00% · institutions 0.00% · other public 2.61%
Turnout: all 0.25% · promoters 0.00% · institutions 1.06% · other public 0.69%
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.
Fines and tax disputes
Reported in the filing for the quarter to Sep 2026.
- Fine or penaltyNational Stock Exchange of India LimitedSince 8 Jul 2026
Fine imposed for delay in submission of Annual Secretarial Compliance Report for 3 days amounting to INR. 6000/- (exclusive of GST)
Delay in submission of the Annual Secretarial Compliance Report as required under Regulation 24A(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on the NEAPS portal - Tax disputeDeputy Commissioner of Income TaxSince 9 Feb 2023Pending to be heardAt the filing before: Relist on 14.12.2026 in Advance List
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
- 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
- Yes
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- Yes
- 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.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Public IssuesFeb 2024 | 74.52 | – | – | No | |
| Preferential IssuesSep 2025, checked by Crisil Ratings Limited | 260.17 | – | – | No |