M & B Engineering chairman and AGM
NSE: MBELBSE: 544470ConstructionSmall Cap
Share price at the NSE close on 28 Oct 2026. Previous close ₹258.62.
28 Oct: open ₹257.17, high ₹262.00, low ₹253.81
- 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
- ₹1,474 Cr1,213th 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
- 15.29
- 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
- 2.24
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.39%
- 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 latest balance sheet's; the one a year before is not on record.
- 14.7%
- 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.
- 17.3%
- 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.
- 0.12
- 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
- 74,16337.6% delivered
M & B Engineering's chairperson is Hemant Ishwarlal Modi, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 17 Sep 2026.
M & B Engineering 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
- ChairpersonHemant Ishwarlal Modi
- Company Secretary and Compliance OfficerMs. Palak Dilipbhai Parekh
12 directors5 independent5 executive2 non-executive
- Hemant Ishwarlal Modi · ChairpersonIndependent · joined Apr 2024 · reappointed Apr 2024 · 60 months as independent · 1 listed board · 1 as independent
- Chirag Hasmukhbhai PatelExecutive · joined May 1993 · reappointed Apr 2026 · 36 months as independent · 1 listed board
- Malav Girishbhai PatelExecutive · joined Feb 2001 · reappointed Apr 2026 · 36 months as independent · 1 listed board
- Aditya V PatelExecutive · joined Apr 2024 · reappointed Apr 2024 · 36 months as independent · 1 listed board
- Birva Chirag PatelExecutive · joined Apr 2024 · reappointed Apr 2024 · 36 months as independent · 1 listed board
- Birju Maheshbhai PatelIndependent · joined Jun 2019 · reappointed Jun 2024 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Sonal Vimal AmbaniIndependent · joined Apr 2024 · reappointed Apr 2024 · 60 months as independent · 3 listed boards · 3 as independent · 1 committee seat
- Subir Kumar DasIndependent · joined Apr 2024 · reappointed Apr 2024 · 60 months as independent · 2 listed boards · 2 as independent · 1 committee seat, 2 as chair
- Udayan Dileep ChoksiIndependent · joined Apr 2024 · reappointed Apr 2024 · 60 months as independent · 4 listed boards · 4 as independent · 2 committee seats, 3 as chair
- Sanjay Shaileshbhai MajmudarNon-executive · joined Jul 2025 · reappointed Jul 2025 · 4 listed boards · 1 as independent · 3 committee seats, 1 as chair
- Girishbhai Manibhai PatelExecutive · joined Dec 1984 · reappointed Apr 2026 · 36 months as independent · 1 listed board
- Vipin K PatelNon-executive · joined Dec 1984 · reappointed Mar 2024 · 1 listed board · 1 committee seat, 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.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 10 Aug 202612 of 12 present5 independent · 89 days in between
- 12 May 202611 of 12 present5 independent
Audit Committee
Chair Udayan Dileep Choksi
Sanjay Shaileshbhai Majmudar, Birju Maheshbhai Patel
- 10 Aug 20263 of 3 present2 independent · 89 days in between
- 12 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Birju Maheshbhai Patel
Hemant Ishwarlal Modi, Vipin K Patel
- 10 Aug 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Vipin K Patel
Subir Kumar Das, Birju Maheshbhai Patel, Malav Girishbhai Patel
No meeting listed in the filing.
Risk Management Committee
Chair Chirag Hasmukhbhai Patel
Aditya V Patel, Birju Maheshbhai Patel, Pankaj Naresh
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair Malav Girishbhai Patel
Birva Chirag Patel, Sonal Vimal Ambani
- 10 Aug 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.
- Talati & Talati LLPPeer-review certificate valid to Sep 2026
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.
M & B Engineering 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.M & B Engineering dividend history
Annual general meeting, 17 Sep 2026
35,960 shareholders on the register on 10 Sep 2026; present: 8 promoters and 41 others; votes counted by KASHYAP R. MEHTA / KASHYAP R MEHTA AND PARTNERS.The company's voting result
- Adoption of the Audited Financial Statements (Standalone & Consolidated) of the Company for the financial year ended 31st March, 2026, the reports of the Board of Directors and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 77.96% · promoters 100.00% · institutions 81.79% · other public 0.42%
- Declaration of final dividend of Rs. 1.00/- (Rupees One only) per fully paid-up Equity Share of face value of 10/- eachOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 77.96% · promoters 100.00% · institutions 81.79% · other public 0.42%
- Re-appointment of Mr. Aditya Vipinbhai Patel (DIN: 07103812), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 77.96% · promoters 100.00% · institutions 81.79% · other public 0.42%
- Re-appointment of Ms. Birva Chirag Patel (DIN: 07203299), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, offers herself for re-appointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 77.96% · promoters 100.00% · institutions 81.79% · other public 0.42%
- Ratification of remuneration payable to Cost Auditors of the Company pursuant to Section 148 of Companies Act, 2013 for the Financial Year 2026-27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 77.96% · promoters 100.00% · institutions 81.79% · other public 0.42%
Re-appointment of Ms. Birva Chirag Patel (DIN: 07203299) as Whole-time Director of the Company, liable to retire by rotation, for a period of 3 years with effect from 2nd April, 2027 to 1st April, 2030MoreLess
SpecialPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 77.96% · promoters 100.00% · institutions 81.79% · other public 0.42%
Re-appointment of Mr. Aditya Vipinbhai Patel (DIN: 07103812) as Whole-time Director of the Company, liable to retire by rotation, for a period of 3 years with effect from 2nd April, 2027 to 1st April, 2030MoreLess
SpecialPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 77.96% · promoters 100.00% · institutions 81.79% · other public 0.42%
Maintenance of the Register of Members together with the Index of members of the Company and copies of the Annual Returns at the office premises of MUFG Intime India Private Limited, Registrar and Transfer Agent (RTA)MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 77.96% · promoters 100.00% · institutions 81.79% · other public 0.42%
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, 18 Mar 2026, 2 resolutions
33,508 shareholders on the register on 6 Feb 2026; votes counted by KASHYAP MEHTA / KASHYAP R MEHTA AND PARTNERS.
- Ratification of M&B Engineering Limited Employee Stock Option Plan 2024Special97.08% for2.92% against
Against: promoters 0.00% · institutions 25.58% · other public 2.62%
Turnout: all 79.60% · promoters 100.00% · institutions 66.29% · other public 0.49%
Ratification of Grant of Employee Stock Options to the Employees of group Company(ies) including Subsidiary Companies or Associate Companies, or Holding Company of the Company under the ‘M&B Engineering Limited Employee Stock Option Plan 2024’MoreLess
Special97.08% for2.92% againstAgainst: promoters 0.00% · institutions 25.58% · other public 2.62%
Turnout: all 79.60% · promoters 100.00% · institutions 66.29% · other public 0.49%
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 17 Sep 2026, 4 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Adoption of the Audited Financial Statements (Standalone & Consolidated) of the Company for the financial year ended 31st March, 2026, the reports of the Board of Directors and Auditors thereon4 for0 against
- Declaration of final dividend of Rs. 1.00/- (Rupees One only) per fully paid-up Equity Share of face value of 10/- each4 for0 against
- Re-appointment of Mr. Aditya Vipinbhai Patel (DIN: 07103812), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, offers himself for re-appointment4 for0 against
- Re-appointment of Ms. Birva Chirag Patel (DIN: 07203299), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, offers herself for re-appointment4 for0 against
- Ratification of remuneration payable to Cost Auditors of the Company pursuant to Section 148 of Companies Act, 2013 for the Financial Year 2026-273 for0 against
Re-appointment of Ms. Birva Chirag Patel (DIN: 07203299) as Whole-time Director of the Company, liable to retire by rotation, for a period of 3 years with effect from 2nd April, 2027 to 1st April, 2030MoreLess
4 for0 againstRe-appointment of Mr. Aditya Vipinbhai Patel (DIN: 07103812) as Whole-time Director of the Company, liable to retire by rotation, for a period of 3 years with effect from 2nd April, 2027 to 1st April, 2030MoreLess
4 for0 againstMaintenance of the Register of Members together with the Index of members of the Company and copies of the Annual Returns at the office premises of MUFG Intime India Private Limited, Registrar and Transfer Agent (RTA)MoreLess
4 for0 against
1 proposal not matched to one resolution
- Approve remuneration of Rs. 300,000 to Prutha Shah & Co, as cost auditor for FY271 for0 against
Mutual fund votes, meeting of 18 Mar 2026, 4 fund houses
- Ratification of M&B Engineering Limited Employee Stock Option Plan 2024
Against HDFC Mutual Fund
- HDFC Mutual FundLack of clarity on the pricing of ESOPs. We do not support the resolution.
3 for1 against Ratification of Grant of Employee Stock Options to the Employees of group Company(ies) including Subsidiary Companies or Associate Companies, or Holding Company of the Company under the ‘M&B Engineering Limited Employee Stock Option Plan 2024’MoreLess
Against HDFC Mutual Fund
- HDFC Mutual FundLack of clarity on the pricing of ESOPs. We do not support the resolution.
3 for1 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
- 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.
How money raised was used
Reported for the quarter to Jun 2026.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Public IssuesAug 2025, checked by Crisil Ratings Limited | 275.00 | Funding the capital expenditure requirements for the purchase of equipment and machinery, building works, solar rooftop grid and transport vehicles at our Manufacturing Facilities | 130.58 | 23.75 | No |
| Public IssuesAug 2025, checked by Crisil Ratings Limited | 275.00 | Investment in information technology (“IT”) software upgradation by our Company | 5.20 | 0.00 | No |
| Public IssuesAug 2025, checked by Crisil Ratings Limited | 275.00 | Re-payment or pre-payment of term loans, in full or in part, of certain borrowings availed by our Company | 58.75 | 58.75 | No |
| Public IssuesAug 2025, checked by Crisil Ratings Limited | 275.00 | General corporate purposes | 64.79 | 64.18 | No |