Sahyadri Industries CEO, chairman, board of directors and AGM
NSE: SAHYADRIBSE: 532841Other Construction MaterialsSmall Cap
Share price at the NSE close on 29 Oct 2026. Previous close ₹319.80.
29 Oct: open ₹326.15, high ₹326.15, low ₹315.00
- Next results date: the board meets on 31 Oct 2026 to consider: financial results. 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
- ₹351 Cr2,167th 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
- 7.85
- 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
- 0.86
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.25%
- 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.
- 11.4%
- 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.
- 13.2%
- 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.
- 0.04
- 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
- 81796.8% delivered
Sahyadri Industries' chairperson is JAYESH PURUSHOTTAM PATEL, its managing director SATYEN VALLABHBHAI PATEL and its chief executive TULJARAM MAHESHWARI, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 17 Aug 2026.
Sahyadri Industries 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
- ChairpersonJAYESH PURUSHOTTAM PATEL
- Managing directorSATYEN VALLABHBHAI PATEL
- Chief executiveTULJARAM MAHESHWARI
- Company Secretary and Compliance OfficerRAJIB KUMAR GOPE
8 directors4 independent4 executive
- JAYESH PURUSHOTTAM PATEL · ChairpersonExecutive · joined Jan 1999 · reappointed Oct 2025 · 1 listed board · 2 committee seats
- SATYEN VALLABHBHAI PATEL · Managing directorExecutive · joined Aug 1998 · reappointed Jul 2025 · 1 listed board · 1 committee seat
- TULJARAM MAHESHWARI · Chief executiveExecutive · joined Oct 2020 · reappointed Aug 2026 · 1 listed board
- SURESH UDDHAV JOSHIExecutive · joined Oct 2020 · reappointed Oct 2025 · 1 listed board
- SUNIL MAHENDRA SURATWALAIndependent · joined May 2026 · 4 months as independent · 1 listed board · 1 as independent · 2 committee seats
- VED PRAKASH SAXENAIndependent · joined Aug 2020 · reappointed Aug 2025 · 73 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- MOUSHMI SAHIL SHAHAIndependent · joined Jul 2021 · reappointed Jul 2026 · 62 months as independent · 1 listed board · 1 as independent · 1 committee seat
- ANKEM SRI PRASAD MOHANIndependent · joined Dec 2021 · reappointed Dec 2021 · 57 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.
1 director who left
- SHRIKANT BALKRISHNA MALEGAONKAR, left 6 Apr 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 12 Aug 20268 of 8 present4 independent · 94 days in between
- 9 May 20266 of 7 present3 independent · 34 days in between
- 4 Apr 20266 of 8 present3 independent
Audit Committee
Chair ANKEM SRI PRASAD MOHAN
JAYESH PURUSHOTTAM PATEL, MOUSHMI SAHIL SHAHA, SUNIL MAHENDRA SURATWALA
- 12 Aug 20264 of 4 present3 independent · 94 days in between
- 9 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair ANKEM SRI PRASAD MOHAN
MOUSHMI SAHIL SHAHA, VED PRAKASH SAXENA, SUNIL MAHENDRA SURATWALA
- 9 May 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair VED PRAKASH SAXENA
SATYEN VALLABHBHAI PATEL, JAYESH PURUSHOTTAM PATEL, SUNIL MAHENDRA SURATWALA
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair SATYEN VALLABHBHAI PATEL
JAYESH PURUSHOTTAM PATEL, ANKEM SRI PRASAD MOHAN, VED PRAKASH SAXENA
- 9 May 20264 of 4 present2 independent
FINANCE AND GENERAL AFFAIRS COMMITTEE
Chair JAYESH PURUSHOTTAM PATEL
SATYEN VALLABHBHAI PATEL, TULJARAM MAHESHWARI, VALLABH LALJI PATEL, PURUSHOTTAMBHAI LALJIBHAI PATEL
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 Joshi Apte & CoPeer-review certificate valid to May 2027
1 earlier auditor
- Joshi Apte & Co.Named 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.
Sahyadri Industries 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.Sahyadri Industries dividend history
Annual general meeting, 17 Aug 2026
10,638 shareholders on the register on 10 Aug 2026; present: 18 promoters and 30 others; votes counted by ASHWINI INAMDAR / MEHTA & MEHTA.The company's voting result
- To receive, consider and adopt the audited financial statements of the company for the financial year ended on 31st March, 2026 together with the report of the auditors’ and board of directors.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 71.41% · promoters 100.00% · institutions 0.00% · other public 1.01%
- To appoint Mr. Tuljaram Maheshwari (DIN: 00063688) as a director of the company who retires by rotation and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 71.18% · promoters 100.00% · institutions 0.00% · other public 0.22%
- To declare a final dividend of Rs.1.5 per equity share for the financial year ended on 31st March 2026.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 71.41% · promoters 100.00% · institutions 0.00% · other public 1.01%
- To re-appoint M/s Joshi Apte & Company, Statutory Auditors for a 2nd term of five years and to fix their remuneration.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 71.41% · promoters 100.00% · institutions 0.00% · other public 1.01%
- To ratify remuneration payable to the Cost Auditor, Mr. Narhar K. Nimkar for the financial year 2026- 27.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.29%
Turnout: all 71.41% · promoters 100.00% · institutions 0.00% · other public 1.01%
- To re-appoint Mr. Ankem Sri Prasad Mohan (DIN: 09413926) as an Independent Director for second term of five years.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.29%
Turnout: all 71.41% · promoters 100.00% · institutions 0.00% · other public 1.01%
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, 22 Jun 2026, 2 resolutions
10,843 shareholders on the register on 15 May 2026; votes counted by Ashwini Inamdar / Mehta & Mehta.
- APPOINTMENT OF MR. SUNIL SURATWALA (DIN: 00490715) AS NON-EXECUTIVE INDEPENDENT DIRECTOR FOR A TERM OF 5 YEARS.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.82%
Turnout: all 71.51% · promoters 100.00% · institutions 0.00% · other public 1.36%
- RE-APPOINTMENT OF MRS. MOUSHMI SHAHA (DIN: 02915342) AS NON-EXECUTIVE INDEPENDENT DIRECTOR FOR A SECOND TERM OF FIVE YEARS.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.82%
Turnout: all 71.51% · promoters 100.00% · institutions 0.00% · other public 1.36%
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, 22 Aug 2025, 11 resolutions
11,396 shareholders on the register on 15 Aug 2025; present: 18 promoters and 33 others; votes counted by Ashwini Inamdar / M/s. Mehta & Mehta.The company's voting result
- To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended on 31st March, 2025 together with the report of the auditors’ and Board of Directors.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.48% · promoters 100.00% · institutions 0.00% · other public 1.25%
- To appoint Mr. Satyen V Patel (DIN: 00131344) as a director of the company who retires by rotation and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 67.74% · promoters 94.74% · institutions 0.00% · other public 1.25%
- To declare a Final Dividend of Re. 1 per equity share for the Financial Year ended on 31st March 2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.48% · promoters 100.00% · institutions 0.00% · other public 1.25%
- To appoint M/s Mehta & Mehta as Secretarial Auditor for a term of 5 years and to fix their remuneration.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.48% · promoters 100.00% · institutions 0.00% · other public 1.25%
- To ratify remuneration payable to the Cost Auditor, Mr. Narhar K. Nimkar, for the financial year 2025-26.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.48% · promoters 100.00% · institutions 0.00% · other public 1.25%
- To consider re-appointment of Mr. Jayesh P Patel as Chairman and Whole Time Director for a period of 3 years and fix his remuneration.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 63.43% · promoters 88.69% · institutions 0.00% · other public 1.25%
- To consider re‐appointment of Mr. Satyen V Patel as Managing Director for a period of 3 years and fix his remuneration.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 67.74% · promoters 94.74% · institutions 0.00% · other public 1.25%
- To consider re‐appointment of Mr. Tuljaram Maheshwari as CEO, CFO and Whole‐Time Director for a period of 3 years and fix his remuneration.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 71.25% · promoters 100.00% · institutions 0.00% · other public 0.46%
- To consider re-appointment of Mr. Suresh U Joshi as Whole-Time Director for a period of 3 years and fix his remunerationSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.46% · promoters 100.00% · institutions 0.00% · other public 1.19%
- To re-appoint Mr. Ved Prakash Saxena (DIN: 08856322) as an Independent Director for a second term of 5 years.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.48% · promoters 100.00% · institutions 0.00% · other public 1.25%
- Continuation of Ved Prakash Saxena as a non-executive Independent Director of the company on completion of 75 years of age.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.48% · promoters 100.00% · institutions 0.00% · 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.
Annual general meeting, 9 Aug 2024, 4 resolutions
Present: 18 promoters and 33 others.
- To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended on 31st March, 2024 together with the Report of the Auditors’ and Board of Directors.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 72.04% · promoters 100.00% · institutions 0.00% · other public 3.21%
- To appoint Mr. Jayesh Patel (DIN : 00131517) as a director of the company who retire by rotation and being elegible, offers himself for re-appointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 64.00% · promoters 88.69% · institutions 0.00% · other public 3.21%
- To declare a final dividend of Rs. 01 per equity shares for the financial year ended on 31st March, 2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 72.04% · promoters 100.00% · institutions 0.00% · other public 3.21%
- To ratify remuneration payble to the Cost Auditor, Mr. Narhar K. Nimkar, for the Financial Year 2024-25Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 72.04% · promoters 100.00% · institutions 0.00% · other public 3.21%
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, 28 Mar 2024, 4 resolutions
- APPROVAL FOR PAYMENT OF REMUNERATION TO MR. JAYESH P PATEL, (DIN n00131517) CHAIRMAN AND WHOLE-TIME DIRECTOR UNDER SCHEDULE V OF THE nCOMPANIES ACT, 2013SpecialPromoters have an interest in it99.90% for0.10% against
Against: promoters 0.00% · institutions 0.00% · other public 9.04%
Turnout: all 63.79% · promoters 88.69% · institutions 0.00% · other public 2.49%
- APPROVAL FOR PAYMENT OF REMUNERATION TO MR. SATYEN V PATEL, (DIN n00131344) MANAGING DIRECTOR UNDER SCHEDULE V OF THE COMPANIES ACT, 2013SpecialPromoters have an interest in it99.90% for0.10% against
Against: promoters 0.00% · institutions 0.00% · other public 9.05%
Turnout: all 68.10% · promoters 94.74% · institutions 0.00% · other public 2.48%
- APPROVAL FOR PAYMENT OF REMUNERATION TO MR. TULJARAM MAHESHWARI, n(DIN 00063688) CEO, CFO AND WHOLE-TIME DIRECTOR UNDER SCHEDULE V OF THE nCOMPANIES ACT, 2013Special99.91% for0.09% against
Against: promoters 0.00% · institutions 0.00% · other public 13.28%
Turnout: all 71.61% · promoters 100.00% · institutions 0.00% · other public 1.69%
- APPROVAL FOR PAYMENT OF REMUNERATION TO MR. SURESH JOSHI, (DIN n00130591) WHOLE-TIME DIRECTOR UNDER SCHEDULE V OF THE COMPANIES ACT, 2013Special99.91% for0.09% against
Against: promoters 0.00% · institutions 0.00% · other public 9.27%
Turnout: all 71.82% · promoters 100.00% · institutions 0.00% · other public 2.42%
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.
Annual general meeting, 9 Aug 2023, 4 resolutions
Present: 17 promoters and 27 others.
- To receive, consider and adopt the Audited Financial Statements of the Company for the financial year on ended 31st March 2023 together with the Report of the Auditors’ and Board of Directors.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.57% · promoters 100.00% · institutions 0.00% · other public 1.57%
- To appoint Mr. Suresh Uddhav Joshi (DIN:00130591) as a director of the company who retires by rotation and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.55% · promoters 100.00% · institutions 0.00% · other public 1.51%
- To confirm the payment of the Interim Dividend of Rs 2.5 per equity share and declare a Final Dividend of Rs 1.5 per equity share for the Financial Year ended on 31st March 2023Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.57% · promoters 100.00% · institutions 0.00% · other public 1.57%
- To ratify remuneration payable to the Cost Auditor, Mr. Narhar K. Nimkar, for the financial year 2023- 24Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 71.57% · promoters 100.00% · institutions 0.00% · other public 1.57%
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 disputeGST DepartmentSince 30 Dec 2023No change.
At the filing before: The company received order for FY 2017-18 from Deputy Commissioner (ST), Special Circle-VJA-1 , No. 1 Division, Vijaywada relating to Output tax reconcilation, Input tax credit reversal/disallowance. Demand order is Rs. 13.91 lakhs. The matter is under Appeal with the Additional Commissioner (St),Vijayawada, Andhra Pradesh.MoreLess
- Tax disputeGST DepartmentSince 30 Apr 2024No change.
At the filing before: The company received order for FY 2018-19 from Deputy Commissioner (ST), Special Circle-VJA-1 , No. 1 Division, Vijaywada relating to Output tax reconcilation, Input tax credit reversal/disallowance/RCM applicability. Demand order is Rs. 176.54 lakhs The matter is under Appeal with the Additional Commissioner (St),Vijayawada, Andhra Pradesh.MoreLess
- Tax disputeGST DepartmentSince 26 Jun 2024No change.
At the filing before: The company received order for FY 2019-20 and FY 2020-21 from Deputy Commissioner (ST), Special Circle-VJA-1 , No. 1 Division, Vijaywada relating to Output tax reconcilation, Input tax credit reversal/disallowance. Demand order is Rs. 179.16 lakhs. The matter is under Appeal with the Additional Commissioner (St),Vijayawada, Andhra Pradesh.MoreLess
- Tax disputeGST DepartmentSince 14 May 2025No change.
At the filing before: The company has discharged the partial liability of Rs. 5.35 lakhs out of the demand order of Rs. 171.55 lakhs, . This includes the entire liability of for FY 2024-25 and partial liability for FYs 2018-19, 2019-20, and 2023-24. For the balance amount of Rs. 166.20 lakhs, the company has filed an appeal with the Appellate Deputy Commissioner (CT), GST Appeal (Erode and Salem),Tamil Nadu.MoreLess
- Tax disputeGST DepartmentSince 22 May 2025No change.
At the filing before: The company has discharged partial liability of Rs. 3.46 lakhs out of the demand order of Rs. 108.75 lakhs for FY 2020-21, FY 2021-22 and FY 2022-23. For the balance amount of Rs. 105.29 lakhs, the company has filed an appeal with the Appellate Deputy Commissioner (CT),GST Appeal (Erode and Salem),Tamil Nadu.MoreLess
- Tax disputeGST DepartmentSince 26 Nov 2025No change.
At the filing before: The company received order against appeal from Joint Commissioner of State Tax, Pune, for FY 2021-22, relating to Input tax credit reversal/Disallowance. Demand order is Rs. 247.76 lakhs. The matter is under appeal with the GST Appellate Tribunal, Pune, Maharashtra.MoreLess
- Tax disputeGST DepartmentSince 3 Dec 2025No change.
At the filing before: The company received order for FY 2021-22 and FY 2022-23 from Deputy Commissioner (ST), Special Circle-VJA-1 , No. 1 Division, Vijaywada dated 3rd December, 2025 relating to Input tax credit reversal/Disallowance. Demand order is Rs. 162.36 lakhs. The company has filed an appeal with the Additional Commissioner (ST),Vijayawada, Andhra Pradesh.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
- No
- 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.