Goodluck India chairman and AGM
NSE: GOODLUCKBSE: 530655Industrial ProductsSmall Cap
Share price at the NSE close on 30 Oct 2026. Previous close ₹508.50.
30 Oct: open ₹512.95, high ₹512.95, low ₹487.00
- 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
- ₹4,923 Cr855th 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
- 23.37
- 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
- 2.82
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.41%
- 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.
- 13.4%
- 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.
- 11.9%
- 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 Sep 2026.
- 0.72
- 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
- 6,91,37742.4% delivered
Goodluck India's chairperson is Mahesh Chandra Garg, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 30 Sep 2026.
Goodluck India 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
- ChairpersonMahesh Chandra GargRelated to the promoter
9 directors5 independent4 executive
- Mahesh Chandra Garg · ChairpersonExecutive · joined Nov 1986 · reappointed Oct 2024 · 1 listed board · 2 committee seats
- Ramesh Chandra GargExecutive · joined Sep 1988 · reappointed Oct 2024 · 1 listed board · 1 committee seat
- Nitin GargExecutive · joined May 2012 · reappointed Oct 2024 · 1 listed board
- Rajiv GoelIndependent · joined Sep 2022 · reappointed Sep 2022 · 48 months as independent · 1 listed board · 1 as independent
- Rajni AbbiIndependent · joined Sep 2022 · reappointed Sep 2022 · 48 months as independent · 2 listed boards · 2 as independent · 1 committee seat
- Madhur GuptaIndependent · joined Oct 2022 · reappointed Oct 2022 · 47 months as independent · 1 listed board · 1 as independent
- Charu JindalIndependent · joined Oct 2022 · reappointed Oct 2022 · 47 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Shambhu Nath SinghExecutive · joined Oct 2023 · reappointed Oct 2023 · 1 listed board
- Iswarchandra Dayanidhi AgastiIndependent · joined Oct 2025 · reappointed Oct 2025 · 12 months as independent · 1 listed board · 1 as independent
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
- 5 Sep 20269 of 9 present5 independent · 29 days in between
- 6 Aug 20269 of 9 present5 independent · 25 days in between
- 11 Jul 20269 of 9 present5 independent · 45 days in between
- 26 May 20269 of 9 present5 independent
Audit Committee
Chair Madhur Gupta
Mahesh Chandra Garg, Charu Jindal
- 5 Sep 20263 of 3 present2 independent · 29 days in between
- 6 Aug 20263 of 3 present2 independent · 25 days in between
- 11 Jul 20263 of 3 present2 independent · 45 days in between
- 26 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Rajni Abbi
Mahesh Chandra Garg, Madhur Gupta, Charu Jindal, Rajiv Goel
- 5 Sep 20265 of 5 present4 independent · 101 days in between
- 26 May 20265 of 5 present4 independent
Stakeholders Relationship Committee
Chair Rajiv Goel
Mahesh Chandra Garg, Ramesh Chandra Garg
No meeting listed in the filing.
Risk Management Committee
Chair Mahesh Chandra Garg
Ramesh Chandra Garg, Madhur Gupta, Shambhu Nath Singh, Sanjay Bansal
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair Rajni Abbi
Ramesh Chandra Garg, Nitin Garg
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 SANJEEV Anand & AssociatesPeer-review certificate valid to Dec 2028
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.
Goodluck India 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.Goodluck India dividend history
Annual general meeting, 30 Sep 2026
37,987 shareholders on the register on 23 Sep 2026; present: 39 promoters and 65 others; votes counted by Mr. Ravi Shankar Sharma / Ravi S Sharma & 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 thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 57.05% · promoters 95.56% · institutions 38.29% · other public 6.17%
- To approve and confirm the final dividend of 50% i.e. Rs 1.00/- Per Equity Share of Rs. 2 each for the financial year ended on March 31, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 57.05% · promoters 95.56% · institutions 38.29% · other public 6.17%
- To appoint a director in place of Mr. Shambhu Nath Singh (DIN: 09847470), who retires by rotation and being eligible, offers himself for re- appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 57.05% · promoters 95.56% · institutions 38.29% · other public 6.17%
- Ratification of cost auditor’s remuneration financial Year 2026-27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 57.05% · promoters 95.56% · institutions 38.29% · other public 6.17%
- Revision in the overall limit of remuneration of Shri Mahesh Chandra Garg (DIN: 00292437), Whole time Director of the CompanySpecialPromoters have an interest in it98.94% for1.06% against
Against: promoters 0.00% · institutions 18.40% · other public 0.11%
Turnout: all 53.88% · promoters 89.70% · institutions 38.29% · other public 6.17%
- Revision in the overall limit of remuneration of Shri Ramesh Chandra Garg (DIN: 00298129), Whole time Director of the CompanySpecialPromoters have an interest in it98.96% for1.04% against
Against: promoters 0.00% · institutions 18.40% · other public 0.11%
Turnout: all 55.33% · promoters 92.39% · institutions 38.29% · other public 6.17%
- Revision in the overall limit of remuneration of Shri Nitin Garg (DIN:02693146), Whole time Director of the CompanySpecialPromoters have an interest in it98.91% for1.09% against
Against: promoters 0.00% · institutions 18.40% · other public 0.11%
Turnout: all 52.57% · promoters 87.28% · institutions 38.29% · other public 6.17%
- Revision in the overall limit of remuneration of Shri Manish Garg, Chief Operating Officer (“COO”) of the CompanyOrdinaryPromoters have an interest in it98.96% for1.04% against
Against: promoters 0.00% · institutions 18.40% · other public 0.05%
Turnout: all 55.15% · promoters 92.04% · institutions 38.29% · other public 6.17%
- Revision in the overall limit of remuneration of Shri Umesh Garg, Sr. Management Executive of the CompanyOrdinaryPromoters have an interest in it96.25% for3.75% against
Against: promoters 0.00% · institutions 66.19% · other public 0.06%
Turnout: all 54.87% · promoters 91.53% · institutions 38.29% · other public 6.17%
- Approval to advance any loan/give guarantee/ provide security u/s 185 of the Companies Act, 2013 to Excellent Fincap Private Limited, related party of the Company.SpecialPromoters have an interest in it92.12% for7.88% against
Against: promoters 0.00% · institutions 56.38% · other public 0.11%
Turnout: all 22.26% · promoters 31.14% · institutions 38.29% · other public 6.17%
- Alteration of Object Clause of the Memorandum of Association of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 57.05% · promoters 95.56% · institutions 38.29% · other public 6.17%
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.
Postal ballot, 14 Aug 2026, 1 resolution
39,832 shareholders on the register on 10 Jul 2026; votes counted by Ravi Shankar Sharma / Ravi.S.Sharma & Associates.The company's voting result
- TO CONSIDER AND APPROVE THE ISSUE OF BONUS SHARESOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.27%
Turnout: all 55.31% · promoters 96.24% · institutions 33.78% · other public 0.88%
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
37,987 shareholders on the register on 18 Sep 2025; present: 44 promoters and 67 others; votes counted by NAVEEN KUMAR RASTOGI / N.K.RASTOGI& ASSOCIATES.The company's voting result
- Adoption of Audited Standalone and Consolidated Financial Statements for the year ended 31stMarch, 2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 58.55% · promoters 99.57% · institutions 17.50% · other public 4.08%
- Declaration the final dividend of ₹ 4/- per equity Share of the face value of Rs. ₹ 2/- each, i.e. @ 200%, of the Company for the financial year ended on March 31, 2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 58.55% · promoters 99.57% · institutions 17.50% · other public 4.08%
- To appoint a Director in place of Mr. Ramesh Chandra Garg (DIN:00298129), who retires by rotation and, being eligible, offer himself for re-appointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.10%
Turnout: all 58.55% · promoters 99.57% · institutions 17.50% · other public 4.08%
- Appointment of Secretarial AuditorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 58.55% · promoters 99.57% · institutions 17.50% · other public 4.08%
- Ratification of Remuneration of Cost Auditor for financial year 2025-26;Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.64%
Turnout: all 58.55% · promoters 99.57% · institutions 17.50% · other public 4.08%
- Appointment of Mr. Iswarchandra Dayanidhi Agasti (DIN : 01483515 ) as an independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 58.55% · promoters 99.57% · institutions 17.50% · other public 4.08%
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, 28 Sep 2024, 10 resolutions
Present: 41 promoters and 56 others.
- Adoption of Audited Standalone and Consolidated Financial Statements for the year ended 31stMarch, 2024Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.77%
Turnout: all 54.12% · promoters 96.67% · institutions 2.84% · other public 0.16%
- Declaration the final dividend of ¿ 1/- per equity Share of the face value of Rs. ¿ 2/- each, i.e. @ 50%, of the Company for the financial year ended on March 31, 2024Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 16.44%
Turnout: all 54.12% · promoters 96.67% · institutions 2.84% · other public 0.16%
- To Appoint Auditor of the Company & to fix their remunerationOrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 20.56%
Turnout: all 54.12% · promoters 96.67% · institutions 2.84% · other public 0.16%
- Re-appointment of Mr. Nitin Garg (DIN: 02693146), who retires by rotation and, being eligible, offer himself for re-appointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 2.41%
Turnout: all 54.12% · promoters 96.67% · institutions 2.84% · other public 0.16%
- Ratification of Remuneration of Cost Auditor for financial year 2024-25Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 18.37%
Turnout: all 54.12% · promoters 96.67% · institutions 2.84% · other public 0.16%
- Re-appointment of Shri Mahesh Chandra Garg (DIN: 00292437), as the Chairman & Whole time Director of the CompanySpecialPromoters have an interest in it99.94% for0.06% against
Against: promoters 0.00% · institutions 18.37% · other public 16.98%
Turnout: all 54.12% · promoters 96.67% · institutions 2.84% · other public 0.16%
- Re-appointment of Shri Ramesh Chandra Garg (DIN: 00298129), as the Whole time Director of the CompanySpecialPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 16.98%
Turnout: all 54.12% · promoters 96.67% · institutions 2.84% · other public 0.16%
- Re-appointment of Shri Nitin Garg (DIN: 02693146), as the Whole time Director of the CompanySpecialPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 16.98%
Turnout: all 57.08% · promoters 96.67% · institutions 2.84% · other public 0.18%
- To approve sale, disposal and leasing of assets exceeding 20% of the assets of material subsidiaries of the CompanySpecialPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 21.96%
Turnout: all 54.12% · promoters 96.67% · institutions 2.84% · other public 0.16%
- To approve the overall borrowing limits of the Company, under Section 180(1)(c) of the Companies act, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.91%
Turnout: all 54.12% · promoters 96.67% · institutions 2.84% · other public 0.16%
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, 18 Dec 2023, 1 resolution
- TO CONSIDER AND APPROVE THE PROPOSAL FOR CAPITAL RAISING IN ONE OR MORE TRANCHES BY WAY OF ISSUANCE OF EQUITY SHARES THROUGH QUALIFIED INSTITUTIONS PLACEMENT (“QIP”)BY WAY OF SPECIAL RESOLUTIONSpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 2.31%
Turnout: all 56.71% · promoters 99.49% · institutions 1.11% · other public 1.25%
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.
Extraordinary general meeting, 1 Nov 2023, 2 resolutions
Present: 44 promoters and 43 others.
- Further Issue of 500000 Warrants convertible into Equity Shares on Preferential basisSpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 59.80% · promoters 99.49% · institutions 1.33% · other public 3.44%
- Further Issue of 11,00,000 Equity Shares on Preferential basisSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 59.80% · promoters 99.49% · institutions 1.33% · other public 3.44%
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, 10 resolutions
Present: 44 promoters and 55 others.
- Adoption of Audited Standalone and Consolidated Financial Statements for the year ended 31stMarch, 2023Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 58.79% · promoters 99.49% · institutions 36.44% · other public 0.80%
- Declaration the final dividend of Rs. ₹ 2.50/- per equity Share of the face value of Rs. ₹ 2/- each, i.e. @ 125%, of the Company for the financial year ended on March 31, 2023Ordinary99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 6.95%
Turnout: all 58.79% · promoters 99.49% · institutions 36.44% · other public 0.80%
- Re-appointment of Mr. Ramesh Chandra Garg (DIN: 00298129), who retires by rotation and, being eligible, offer himself for re-appointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.58%
Turnout: all 58.79% · promoters 99.49% · institutions 36.44% · other public 0.80%
- Ratification of Remuneration of Cost Auditor for financial year 2023-24Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 58.75% · promoters 99.49% · institutions 36.44% · other public 0.70%
- Appointment of Shri Shambhu Nath Singh (DIN: 09847470) as an Executive Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 58.79% · promoters 99.49% · institutions 36.44% · other public 0.80%
- Revision in the remuneration of Shri Mahesh Chandra Garg (DIN: 00292437), Whole time Director of the CompanySpecialPromoters have an interest in it99.95% for0.05% against
Against: promoters 0.00% · institutions 100.00% · other public 0.36%
Turnout: all 58.79% · promoters 99.49% · institutions 36.44% · other public 0.80%
- Revision in the remuneration of Shri Ramesh Chandra Garg (DIN: 00298129), Whole time Director of the CompanySpecialPromoters have an interest in it99.95% for0.05% against
Against: promoters 0.00% · institutions 100.00% · other public 0.36%
Turnout: all 58.79% · promoters 99.49% · institutions 36.44% · other public 0.80%
- Revision in the remuneration of Shri Nitin Garg (DIN:02693146), Whole time Director of the CompanySpecialPromoters have an interest in it99.95% for0.05% against
Against: promoters 0.00% · institutions 100.00% · other public 0.36%
Turnout: all 58.79% · promoters 99.49% · institutions 36.44% · other public 0.80%
- Revision in the remuneration of Shri Manish Garg, COO of the CompanyOrdinaryPromoters have an interest in it99.90% for0.10% against
Against: promoters 0.00% · institutions 100.00% · other public 0.47%
Turnout: all 31.41% · promoters 52.88% · institutions 36.44% · other public 0.80%
- Revision in the remuneration of Shri Umesh Garg, Sr. Management Executive of the CompanyOrdinaryPromoters have an interest in it99.83% for0.17% against
Against: promoters 0.00% · institutions 100.00% · other public 7.17%
Turnout: all 31.41% · promoters 52.88% · institutions 36.44% · other public 0.80%
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.
Postal ballot, 5 Dec 2022, 5 resolutions
- Approval of issuance of upto 10,00,000 warrants convertible into equal number of Equity shares on preferential basis to person belonging to promoter categorySpecialPromoters have an interest in it99.95% for0.05% against
Against: promoters 0.00% · institutions 100.00% · other public 0.02%
Turnout: all 67.58% · promoters 99.49% · institutions 8.38% · other public 16.56%
- Approval of issuance of upto 12,50,000 Equity shares on preferential basis to person belonging to Non- promoter categorySpecial99.95% for0.05% against
Against: promoters 0.00% · institutions 100.00% · other public 0.02%
Turnout: all 67.58% · promoters 99.49% · institutions 8.38% · other public 16.56%
- Appointment of Mr. Madhur Gupta (DIN: -03193827) as an Independent DirectorSpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.22%
Turnout: all 67.58% · promoters 99.49% · institutions 8.38% · other public 16.56%
- Appointment of CA Satish Kumar Gupta (DIN: -00354707) as an Independent DirectorSpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.21%
Turnout: all 67.58% · promoters 99.49% · institutions 8.38% · other public 16.56%
- Appointment of Mrs. Charu Jindal (DIN: - 09776017) as a Women Independent DirectorSpecial99.93% for0.07% against
Against: promoters 0.00% · institutions 100.00% · other public 0.22%
Turnout: all 67.58% · promoters 99.49% · institutions 8.38% · other public 16.56%
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.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 30 Sep 2026, 3 fund houses
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 thereonMoreLess
3 for0 against- To approve and confirm the final dividend of 50% i.e. Rs 1.00/- Per Equity Share of Rs. 2 each for the financial year ended on March 31, 20263 for0 against
- To appoint a director in place of Mr. Shambhu Nath Singh (DIN: 09847470), who retires by rotation and being eligible, offers himself for re- appointment3 for0 against
- Ratification of cost auditor’s remuneration financial Year 2026-273 for0 against
- Revision in the overall limit of remuneration of Shri Mahesh Chandra Garg (DIN: 00292437), Whole time Director of the Company3 for0 against
- Revision in the overall limit of remuneration of Shri Ramesh Chandra Garg (DIN: 00298129), Whole time Director of the Company3 for0 against
- Revision in the overall limit of remuneration of Shri Nitin Garg (DIN:02693146), Whole time Director of the Company3 for0 against
- Revision in the overall limit of remuneration of Shri Manish Garg, Chief Operating Officer (“COO”) of the Company3 for0 against
- Revision in the overall limit of remuneration of Shri Umesh Garg, Sr. Management Executive of the Company
Against Bank of India Mutual Fund
- Bank of India Mutual FundUmesh Garg, 41, is a Senior Management Executive of the Company. He has a B.Tech degree from IIT Delhi and has over 15 years of experience in steel industry. He has worked on CR projects and Structure projects and also has experience in sales and marketing. He is the son of Ramesh Chandra Garg, Whole Time Director. As per exchange filings, his remuneration aggregated Rs. 12.0 mn for FY26. The company proposes to increase his remuneration to Rs. 60.0 mn per annum plus perquisites and retiral benefits: his overall remuneration can go up to Rs. 66.0 mn. Based on past payouts, we estimate his remuneration at Rs. 17.2 mn for FY27. While raise concern that that ceiling for maximum payout is high, the company has been judicious in actual payouts in the past. However, there is no clarity on how the company has benchmarked the proposed remuneration against peers in similar roles. The company must disclose his current role and responsibilities within the company. We further raise concern that three members of the promoter family are Executive Directors and six hold office of profit positions – which is excessive given the size of the company – this may limit the company from being able to attract the right professional talent. We do not support the resolution.
2 for1 against - Approval to advance any loan/give guarantee/ provide security u/s 185 of the Companies Act, 2013 to Excellent Fincap Private Limited, related party of the Company.
Against Bank of India Mutual Fund
- Bank of India Mutual FundExcellent Fincap Private Limited is a financial services company, which is a related party, (as per the AGM notice, the Directors/KMPs and their respective relatives have interests). The company seeks shareholder approval to provide financial support of up to Rs. 1.5 bn to EFPL towards its Principal business activities connected and incidental thereto. However, the company has not disclosed the full terms of the proposed transaction, including the applicable interest rate and repayment period and the shareholding pattern of EFPL. Further, there is no clarity on whether the financial support will be extended in proportion to shareholding in EFPL. In the absence of clarity, we do not support the resolution.
2 for1 against - Alteration of Object Clause of the Memorandum of Association of the Company3 for0 against
Mutual fund votes, meeting of 14 Aug 2026, 3 fund houses
- TO CONSIDER AND APPROVE THE ISSUE OF BONUS SHARES3 for0 against
Mutual fund votes, meeting of 25 Sep 2025, 1 fund house
6 proposals
- Adoption of Audited Standalone and Consolidated Financial Statements for the year ended 31stMarch, 20251 for0 against
- Declaration the final dividend of ₹ 4/- per equity Share of the face value of Rs. ₹ 2/- each, i.e. @ 200%, of the Company for the financial year ended on March 31, 20251 for0 against
- To appoint a Director in place of Mr. Ramesh Chandra Garg (DIN:00298129), who retires by rotation and, being eligible, offer himself for re-appointment1 for0 against
- Appointment of Secretarial Auditor1 for0 against
- Ratification of Remuneration of Cost Auditor for financial year 2025-26;1 for0 against
- Appointment of Mr. Iswarchandra Dayanidhi Agasti (DIN : 01483515 ) as an independent Director of the Company1 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
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
- Yes
- 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.
How money raised was used
Reported for the quarter to Jun 2025. The company's results filing for the quarter to Sep 2026 says no statement of how money raised was used applies to it. 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 | Reason and comments |
|---|---|---|---|---|---|---|
| Preferential IssuesNov 2023 | 96.00 | Repaymant of Debt | 42.00 | 42.00 | No | Audit committee: Utilised as per ApprovalAuditors: Utilised as per Approval |
| Preferential IssuesNov 2023 | 96.00 | Capital Expenditure | 14.00 | 14.00 | No | Audit committee: Utilised as per ApprovalAuditors: Utilised as per Approval |
| Preferential IssuesNov 2023 | 96.00 | Investment in Subsidiary- Goodluck Defence & Aerospace Limited | 40.00 | 40.00 | No | Audit committee: Utilised as per ApprovalAuditors: Utilised as per Approval |