Panchmahal Steel MD, chairman and AGM
NSE: PANCHMAHQBSE: 513511Industrial ProductsSmall Cap
Share price at the NSE close on 29 Oct 2026. Previous close ₹292.00.
29 Oct: open ₹291.15, high ₹292.00, low ₹291.15
- Next results date: the board meets on 31 Oct 2026 to consider: quarterly results. 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
- ₹557 Cr1,763rd 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
- 139.34
- 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
- 3.70
- 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.
- 2.6%
- 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.
- 6.2%
- 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.
- 0.23
- 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
- 5100.0% delivered
Panchmahal Steel's chairperson and managing director is Ashok Ramlubhaya Malhotra, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 25 Sep 2026.
Panchmahal Steel 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 directorAshok Ramlubhaya Malhotra
- Company Secretary and Compliance OfficerDeepak Nagar
6 directors3 independent1 executive2 non-executive
- Ashok Ramlubhaya Malhotra · Chairperson and managing directorExecutive · joined Dec 1976 · reappointed Apr 2024 · 1 listed board · 1 committee seat
- Suchita ShahNon-executive · joined Mar 2015 · 1 listed board · 1 committee seat
- Samir Madhusudan ParikhIndependent · joined Feb 2019 · reappointed Feb 2024 · 91 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Kalpesh Janaksinh ParmarNon-executive · joined Feb 2020 · 1 listed board · 1 committee seat
- Swapon Lalitmohan AdhikaryIndependent · joined Aug 2024 · reappointed Sep 2024 · 26 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Jaswantkumar JainIndependent · joined Aug 2024 · reappointed Sep 2024 · 26 months as independent · 1 listed board · 1 as independent · 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
- 3 Aug 20266 of 6 present3 independent · 65 days in between
- 29 May 20266 of 6 present3 independent
Audit Committee
Chair Jaswantkumar Jain
Samir Madhusudan Parikh, Kalpesh Janaksinh Parmar, Swapon Lalitmohan Adhikary
- 3 Aug 20264 of 4 present3 independent · 65 days in between
- 29 May 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Samir Madhusudan Parikh
Swapon Lalitmohan Adhikary, Kalpesh Janaksinh Parmar
- 3 Aug 20263 of 3 present3 independent · 65 days in between
- 29 May 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair Swapon Lalitmohan Adhikary
Ashok Ramlubhaya Malhotra, Suchita Shah
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.
- CNK & ASSOCIATES LLPPeer-review certificate valid to Jul 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.
Panchmahal Steel 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.Panchmahal Steel dividend history
Annual general meeting, 25 Sep 2026
2,567 shareholders on the register on 18 Sep 2026; present: 3 promoters and 33 others; votes counted by CS NIRAJ TRIVEDI / CS NIRAJ TRIVEDI.The company's voting result
- To receive, consider and adopt the audited financial statements of the Company for the financial year ended as at 31st March, 2026 and the Report of the Board of Directors and the Auditors thereon .Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 83.59% · promoters 97.38% · institutions 0.00% · other public 52.62%
- To appoint a Director in place of Ms. Suchita Shah (DIN: 00427169), who retires by rotation and being eligible, offers herself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 83.59% · promoters 97.38% · institutions 0.00% · other public 52.62%
- To approve the re-appointment of Mr. Ashok Ramlubhaya Malhotra (DIN : 00120198) as Chairman & Managing Director of the Company and payment of managerial remuneration.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 83.59% · promoters 97.38% · institutions 0.00% · other public 52.62%
- To approve the continuation of directorship of Ms. Suchita Shah (DIN: 00427169) as a Non-Executive Non-Independent Director of the Company post attaining the age of 75 years.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 83.59% · promoters 97.38% · institutions 0.00% · other public 52.62%
- Ratification of remuneration payable to M/s Kiran J. Mehta & Co., Cost Accountant, Ahmedabad (FRN - 00025) of the Company, for the Financial Year 2026-27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 83.59% · promoters 97.38% · institutions 0.00% · other public 52.62%
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 the Deputy Commissioner of State Tax, Appeal-5, VadodaraSince 13 Jul 2026
The Company has filed an appeal before the Goods and Services Tax Appellate Tribunal ("GSTAT"), Ahmedabad against both the Order-in-Appeal passed by the Deputy Commissioner of State Tax, Appeal-5, Vadodara on 30-09-2026.MoreLess
At the filing before: The appeals preferred by the Company against order issued by the Asst. Commissioner of State Tax, Unit-46, Range-12, Division-5, Vadodara under Section 73 and 74 of CGST/SGST Act, 2017 respectively were partially allowed and rejected.MoreLess
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.