Dharmaj Crop Guard MD, chairman and AGM
NSE: DHARMAJBSE: 543687Fertilizers & AgrochemicalsSmall Cap
Share price at the NSE close on 28 Oct 2026. Previous close ₹250.75.
28 Oct: open ₹245.20, high ₹259.50, low ₹244.00
- Next results date: the board meets on 4 Nov 2026 to consider: financial results and other business matters. The notice · Results calendar
- 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. Market capitalisation: how it is worked out
- ₹857 Cr1,564th 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. Price to earnings, trailing: how it is worked out
- 14.24
- 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
- 1.91
- 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.
- 14.3%
- 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.
- 15.1%
- 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 Mar 2026.
- 0.29
- 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
- 34,65462.8% delivered
Dharmaj Crop Guard's chairperson and managing director is Rameshbhai Ravajibhai Talavia, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 24 Sep 2026.
Dharmaj Crop Guard 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 directorRameshbhai Ravajibhai TalaviaRelated to the promoter
7 directors4 independent3 executive
- Rameshbhai Ravajibhai Talavia · Chairperson and managing directorExecutive · joined Jan 2015 · reappointed Mar 2025 · 1 listed board · 2 committee seats
- Jamankumar Hansarajbhai TalaviaExecutive · joined Jan 2015 · reappointed Aug 2022 · 1 listed board · 1 committee seat
- Jagdishbhai Ravjibhai SavaliyaExecutive · joined Apr 2016 · reappointed Aug 2022 · 1 listed board
- Dipak Bachubhai KanpariaIndependent · joined Oct 2019 · reappointed Oct 2024 · 84 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Bhupatray KhuntIndependent · joined Aug 2025 · 13 months as independent · 1 listed board · 1 as independent
- Umesh Krishnankutty MenonIndependent · joined Aug 2025 · 13 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 3 as chair
- MEGHABEN UJJWALKUMAR JOSHIIndependent · joined Aug 2026 · 1 month as independent · 1 listed board · 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.
2 directors who left
- Amisha Fenil Shah, left 7 Aug 2026: Others
- Bhaveshkumar Jayantibhai Ponkiya, left 13 Aug 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 26 Sep 20267 of 7 present4 independent · 49 days in between
- 7 Aug 20266 of 7 present4 independent · 71 days in between
- 27 May 20266 of 7 present3 independent
Audit Committee
Chair Umesh Krishnankutty Menon
Dipak Bachubhai Kanparia, Rameshbhai Ravajibhai Talavia, MEGHABEN UJJWALKUMAR JOSHI
- 26 Sep 20264 of 4 present3 independent · 49 days in between
- 7 Aug 20262 of 3 present2 independent · 71 days in between
- 27 May 20262 of 3 present1 independent
Nomination and remuneration committee
Chair Bhupatray Khunt
Dipak Bachubhai Kanparia, MEGHABEN UJJWALKUMAR JOSHI
- 7 Aug 20263 of 3 present3 independent · 71 days in between
- 27 May 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair Dipak Bachubhai Kanparia
Jamankumar Hansarajbhai Talavia, Rameshbhai Ravajibhai Talavia
- 6 Jul 20263 of 3 present1 independent · 90 days in between
- 6 Apr 20263 of 3 present1 independent
Risk Management Committee
Chair Rameshbhai Ravajibhai Talavia
Dipak Bachubhai Kanparia, Jamankumar Hansarajbhai Talavia
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair Bhupatray Khunt
Dipak Bachubhai Kanparia, Rameshbhai Ravajibhai Talavia
- 27 May 20263 of 3 present2 independent
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.
- MSKA & Associates LLPPeer-review certificate valid to Jul 2027
1 earlier auditor
- M/s. MSKA & AssociatesNamed 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.
Dharmaj Crop Guard 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, 24 Sep 2026
25,903 shareholders on the register on 17 Sep 2026; present: 16 promoters and 41 others; votes counted by UDAY DAVE / PARIKH DAVE & ASSOCIATES.The company's voting result
To consider and adopt the audited Standalone and Consolidated financial statements of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors along with annexures thereon.MoreLess
Ordinary99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.46%
Turnout: all 73.73% · promoters 100.00% · institutions 43.61% · other public 6.80%
- Re-appointment of Mr. Rameshbhai R Talavia (DIN: 01619743), retiring by rotation, as a Director.OrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.47%
Turnout: all 73.73% · promoters 100.00% · institutions 43.61% · other public 6.80%
- Ratification of remuneration payable to Cost auditors of the Company for Financial Year 2026-27.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.47%
Turnout: all 73.73% · promoters 100.00% · institutions 43.61% · other public 6.80%
- Appointment of Mrs. Megha Joshi (DIN: 11851257) as an Independent Director of the CompanySpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.47%
Turnout: all 73.73% · promoters 100.00% · institutions 43.61% · other public 6.80%
- Re-appointment of Mr. Jamankumar H. Talavia (DIN: 01525356) as Whole-Time DirectorSpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.47%
Turnout: all 73.73% · promoters 100.00% · institutions 43.61% · other public 6.80%
- Re-appointment of Mr. Jagdish R. Savaliya (DIN: 06481920) as Whole-Time Director.SpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.47%
Turnout: all 73.73% · promoters 100.00% · institutions 43.61% · other public 6.80%
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, 25 Sep 2025, 6 resolutions
30,856 shareholders on the register on 18 Sep 2025; present: 15 promoters and 34 others; votes counted by UDAY DAVE / PARIKH DAVE & ASSOCIATES.The company's voting result
To consider and adopt the audited Standalone and Consolidated financial statements of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors and Auditors along with annexures thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.10% · promoters 100.00% · institutions 41.35% · other public 0.96%
- To consider appointment of Mr. Jagdish R Savaliya (DIN: 06481920), who retires by rotation as a director and being eligible offers himself for reappointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.10% · promoters 100.00% · institutions 41.35% · other public 0.96%
- To appoint M/s. Parikh Dave & Associates Practicing Company Secretaries as Secretarial auditor of the Company for term of five (5) consecutive years.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.10% · promoters 100.00% · institutions 41.35% · other public 0.96%
- Ratification of remuneration payable to Cost auditors of the Company for FY 2025-26Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.10% · promoters 100.00% · institutions 41.35% · other public 0.96%
- Appointment of Shri Umesh Menon (DIN: 00086971) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.10% · promoters 100.00% · institutions 41.35% · other public 0.96%
- Appointment of Shri Bhupatray Khunt (DIN: 00028526) 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 72.10% · promoters 100.00% · institutions 41.35% · other public 0.96%
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.
Annual general meeting, 12 Sep 2024, 6 resolutions
Present: 16 promoters and 46 others.
- To consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2024 and the reports of the Board of Directors and Auditors along with annexures thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 71.93% · promoters 100.00% · institutions 24.80% · other public 0.97%
- To consider appointment of Mr. Jamankumar H Talavia (DIN: 01525356), who retires by rotation as a director and being eligible offers himself for reappointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 71.93% · promoters 100.00% · institutions 24.80% · other public 0.97%
- To re-appoint Mr. Dipak Bachubhai Kanparia (DIN: 06860678) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.85%
Turnout: all 71.93% · promoters 100.00% · institutions 24.80% · other public 0.97%
- To re-appoint Shri Rameshbhai Ravajibhai Talavia n(DIN: 01619743) as Chairman & Managing Director.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 71.93% · promoters 100.00% · institutions 24.80% · other public 0.97%
- Ratification of remuneration payable to Cost auditors ofnthe Company for FY 2024-25Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 71.93% · promoters 100.00% · institutions 24.80% · other public 0.97%
- Alteration of Article of Association of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 71.93% · promoters 100.00% · institutions 24.80% · other public 0.97%
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, 5 Dec 2023, 1 resolution
- Approval of “Dharmaj Employee Stock Option Plan 2023” (“ESOP 2023”/ “Plan”)Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 3.72%
Turnout: all 70.50% · promoters 100.00% · institutions 0.00% · other public 0.38%
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, 4 Sep 2023, 5 resolutions
Present: 12 promoters and 42 others.
1 - To consider and adopt the audited financial statements ofnthe Company for the financial year ended March 31, 2023nand the reports of the Board of Directors and Auditorsnalong with annexures thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.55%
Turnout: all 70.46% · promoters 100.00% · institutions 0.00% · other public 0.22%
- 2 - To consider appointment of Mr. Jagdish R Savaliya (DIN:n06481920), who retires by rotation as a Director and beingneligible offers himself for reappointment.OrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 12.83%
Turnout: all 70.46% · promoters 100.00% · institutions 0.00% · other public 0.22%
- 3 - To appoint M/s. MSKA & Associates, Chartered Accountants,nAhmedabad as the Statutory Auditors of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 70.46% · promoters 100.00% · institutions 0.00% · other public 0.22%
- 4 - Ratification of remuneration payable to Cost auditors ofnthe company for FY 2023-24Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 9.41%
Turnout: all 70.46% · promoters 100.00% · institutions 0.00% · other public 0.22%
- 5 - Approval of charges for service of documents on thenshareholdersOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 11.49%
Turnout: all 70.46% · promoters 100.00% · institutions 0.00% · other public 0.22%
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 Sep 2026.
- Tax disputeOffice of Commissioner Central GST & Central Excise, AhmedabadSince 20 Nov 2025The Company has filed an appeal in Form GST APL01 before the Commissioner (Appeals), CentralGST, Ahmedabad, within the prescribed period of ninety days from the date of communication of the order.
At the filing before: The Company has taken note of the order and is in the process of filing an appeal in Form GST APL01 before the Commissioner (Appeals), CentralGST, Ahmedabad, within the prescribed period of ninety days from the date of communication of the orderMoreLess
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
- 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
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.