Walchandnagar Industries chairman and AGM
NSE: WALCHANNAGBSE: 507410Industrial ManufacturingSmall Cap
Share price at the NSE close on 29 Oct 2026. Previous close ₹187.75.
29 Oct: open ₹189.23, high ₹192.16, low ₹185.19
- Next results date: the board meets on 2 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
- ₹1,292 Cr1,332nd 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
- Lossover the last 12 months
- 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
- 3.60
- 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.
- −0.9%
- ROE without one-offsReturn on equity without one-off items. Core profit, 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 less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹0.68 crore of one-off items, the largest of them in the quarter to Dec 2025.
- −0.7%
- 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.
- 2.1%
- 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.
- 0.61
- 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
- 8,29,18339.9% delivered
Walchandnagar Industries' chairperson is Chakor Lalchand Doshi, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 11 Aug 2026.
Walchandnagar 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
- ChairpersonChakor Lalchand DoshiRelated to the promoter
- Company Secretary and Compliance OfficerGiriraj Sharan Agrawal
6 directors3 independent2 executive1 non-executive
- Chakor Lalchand Doshi · ChairpersonNon-executive · joined May 1979 · reappointed Aug 2026 · 2 listed boards · 2 committee seats
- Rupal VoraIndependent · joined Aug 2019 · reappointed Aug 2024 · 85 months as independent · 6 listed boards · 6 as independent · 9 committee seats, 4 as chair
- Jayesh DadiaIndependent · joined May 2022 · reappointed May 2022 · 52 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
- Prabhat kumarIndependent · joined Jun 2024 · reappointed Jun 2024 · 27 months as independent · 1 listed board · 1 as independent
- Chirag Chakor DoshiExecutive · joined Nov 2007 · reappointed Apr 2026 · 2 listed boards · 2 committee seats
- Giriraj Sharan AgrawalExecutive · joined Aug 2022 · reappointed Aug 2025 · 1 listed board
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
- 11 Aug 20266 of 6 present3 independent · 40 days in between
- 1 Jul 20266 of 6 present3 independent · 41 days in between
- 20 May 20266 of 6 present3 independent
Audit Committee
Chair Jayesh Dadia
Chakor Lalchand Doshi, Rupal Vora
- 11 Aug 20263 of 3 present2 independent · 40 days in between
- 20 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Prabhat kumar
Chakor Lalchand Doshi, Rupal Vora
- 1 Jul 20263 of 3 present2 independent · 41 days in between
- 20 May 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Rupal Vora
Chakor Lalchand Doshi, Jayesh Dadia
- 20 May 20263 of 3 present2 independent
Corporate Social Responsibility Committee
- 20 May 20263 of 3 present1 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.
- M/s. Jayesh Sanghrajka & Co. LLPPeer-review certificate valid to May 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.
Walchandnagar 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.Walchandnagar Industries dividend history
Annual general meeting, 11 Aug 2026
1,03,020 shareholders on the register on 4 Aug 2026; present: 10 promoters and 83 others; votes counted by V. N. DEODHAR / V. N. DEODHAR & CO..
- To receive, consider and adopt the Audited Financial Statements of the Company as at March 31, 2026 together with the Reports of Board of Directors and Auditors thereon.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.24%
Turnout: all 32.56% · promoters 100.00% · institutions 14.07% · other public 1.28%
- To appoint a Director in place of Mr. Chakor L. Doshi (DIN: 00210949) Director, who retires by rotation at 117th Annual General Meeting and, being eligible, offers himself for re-appointment.Ordinary99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 1.10%
Turnout: all 32.56% · promoters 100.00% · institutions 14.07% · other public 1.28%
- To authorize the renewal of the consultancy contract with Mr. Chakor L. DoshiSpecialPromoters have an interest in it87.43% for12.57% against
Against: promoters 0.00% · institutions 100.00% · other public 1.16%
Turnout: all 0.94% · promoters 0.00% · institutions 14.07% · other public 1.23%
- To alter the Registered Office clause in Memorandum of Association of the CompanySpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.25%
Turnout: all 32.56% · promoters 100.00% · institutions 14.07% · other public 1.28%
- To approve ratification of remuneration payable to the Cost Auditors for conducting Cost Audit of the Company for the year ended March 31, 2027.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.25%
Turnout: all 32.56% · promoters 100.00% · institutions 14.07% · other public 1.28%
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, 8 Mar 2026, 3 resolutions
86,705 shareholders on the register on 30 Jan 2026; votes counted by V. N. DEODHAR / V. N. DEODHAR & CO..The company's voting result
To consider and approve to shift the Registered Office of the Company from Flat No. 3, Walchand Terraces, Tardeo Road, Mumbai – 400 034 to Siddharth Towers, S. No. 12/3-B, Office 908 to 910, Kothrud, Pune - 411 038 including amendment in MoA of the Company, if required incidental thereto.MoreLess
Special99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.21%
Turnout: all 33.44% · promoters 99.72% · institutions 10.29% · other public 2.70%
- To consider and approve sale of Dharwad Land bearing survey nos. 71B, 72B and 83 (Part).Special99.62% for0.38% against
Against: promoters 0.00% · institutions 100.00% · other public 0.20%
Turnout: all 33.44% · promoters 99.72% · institutions 10.29% · other public 2.70%
To consider and approve the Re-appointment of Mr. Chirag C. Doshi, as Managing Director & Chief Executive Officer of the Company for a period of 3 years w.e.f. April 01, 2026 and to approve his remuneration.MoreLess
Special99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.20%
Turnout: all 33.44% · promoters 99.72% · institutions 10.29% · other public 2.70%
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, 14 Aug 2025, 6 resolutions
81,683 shareholders on the register on 7 Aug 2025; present: 11 promoters and 69 others; votes counted by V. N. DEODHAR / V N DEODHAR & CO..
To receive, consider and adopt the Audited Financial Statements of the Company as at March 31, 2025 together with the Reports of Board of Directors and Auditors thereon. To receive, consider and adopt the Audited Financial Statements of the Company as at March 31, 2025, together with the Reports of Board of Directors and Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 32.35% · promoters 100.00% · institutions 6.45% · other public 0.98%
- To appoint a Director in place of Mr. Chakor L. Doshi (DIN: 00210949) Director, who retires by rotation at 116th Annual General Meeting and, being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it99.92% for0.08% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 0.73% · promoters 0.00% · institutions 6.45% · other public 0.98%
- To ratify and confirm remuneration payable to the Cost Auditors for conducting Cost Audit of the Company for the year ended March 31, 2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 32.35% · promoters 100.00% · institutions 6.45% · other public 0.97%
- To consider the appointment of Secretarial Auditors of the Company and fix their remuneration.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 32.35% · promoters 100.00% · institutions 6.45% · other public 0.98%
To consider and approve Resolution for continuous appointment of Dr. Prabhat Kumar, Independent Director of the Company as a Director in the company after completion of 75 years of age. Tardeo Road Mumbai 400 034 To consider and approve Resolution for continuous appointment of Dr. Prabhat Kumar, Independent Director of the Company as a Director in the company after completion of 75 years of age.MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.10%
Turnout: all 32.35% · promoters 100.00% · institutions 6.45% · other public 0.98%
- To consider and approve appointment of Mr. Giriraj Sharan Agrawal (DIN : 00404340) as an Whole Time Director of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 32.33% · promoters 100.00% · institutions 6.45% · other public 0.94%
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 Dec 2024, 1 resolution
- To approve raising of funds by way of issuance of Equity Shares and/ or other eligiblensecurities or any combination thereof through Qualified Institutions Placement (QIP)Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.07%
Turnout: all 15.06% · promoters 39.34% · institutions 9.48% · other public 3.80%
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, 14 Aug 2024, 5 resolutions
Present: 11 promoters and 76 others.
- 1. To receive, consider and adopt the Audited Financial Statements of the Company as at March 31, 2024 together with the Reports of Board of Directors and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 33.51% · promoters 99.65% · institutions 5.44% · other public 3.00%
- 2. To appoint a Director in place of Mr. Chakor L. Doshi (DIN: 00210949) Director, who retires by rotation at 115th Annual General Meeting and, being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 33.51% · promoters 99.65% · institutions 5.44% · other public 3.00%
- To ratify and confirm remuneration payable to the Cost Auditors for conducting Cost Audit of the Company for the year ended March 31, 2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 33.51% · promoters 99.65% · institutions 5.44% · other public 3.00%
- 4. To Consider and approve reappointment of Mrs. Rupal Vora (DIN: 07096253) as an Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 33.51% · promoters 99.65% · institutions 5.44% · other public 3.00%
- 5. To Consider and approve the appointment of Mr. Prabhat Kumar (DIN: 00001683) as a Non-Executive Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 33.51% · promoters 99.65% · institutions 5.44% · other public 3.00%
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, 3 Nov 2023, 2 resolutions
Present: 11 promoters and 41 others.
- To consider and approve Alteration of Articles of Association of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 37.82% · promoters 100.00% · institutions 0.00% · other public 4.54%
- To consider and approve Issue of fully convertible Equity Warrants of the Company to certain identified persons / entities on Preferential Basis.SpecialPromoters have an interest in it98.89% for1.11% against
Against: promoters 0.00% · institutions 0.00% · other public 1.11%
Turnout: all 2.98% · promoters 0.00% · institutions 0.00% · other public 4.59%
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, 3 resolutions
Present: 11 promoters and 64 others.
- To receive, consider and adopt the Audited Financial Statements of the Company as at March 31, 2023 together with the Reports of Board of Directors and Auditors thereon.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.55%
Turnout: all 35.75% · promoters 100.00% · institutions 0.00% · other public 1.35%
- To appoint a Director in place of Mr. Chakor L. Doshi (DIN: 00210949) Director, who retires by rotation at 114th Annual General Meeting and, being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it99.03% for0.97% against
Against: promoters 0.00% · institutions 0.00% · other public 0.97%
Turnout: all 0.88% · promoters 0.00% · institutions 0.00% · other public 1.35%
- To ratify and confirm remuneration payable to the Cost Auditors for conducting Cost Audit of the Company for the year ended March 31, 2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 35.75% · promoters 100.00% · institutions 0.00% · other public 1.35%
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, 25 Jun 2023, 2 resolutions
To consider and approve the re-appointment of Mr. Chirag C. Doshi as ManagingnDirector & Chief Executive Officer of the Company for a period of 3 years w.e.f. Apriln01, 2023 and to approve his remuneration.MoreLess
SpecialPromoters have an interest in it96.41% for3.59% againstAgainst: promoters 0.00% · institutions 0.00% · other public 3.59%
Turnout: all 0.52% · promoters 0.00% · institutions 0.00% · other public 0.81%
- To consider and approve Resolution for continuous appointment of Mr. Chakor L.nDoshi, Chairman of the company as a Director in the company after completion of 75nyears of age.SpecialPromoters have an interest in it96.14% for3.86% against
Against: promoters 0.00% · institutions 0.00% · other public 3.86%
Turnout: all 0.52% · promoters 0.00% · institutions 0.00% · other public 0.81%
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.
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
- 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. 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, checked by ICRA Limited | 247.59 | To repay loan to promoter group entities by attributing/ appropriating such loan towards consideration of warrants/ shares. | 31.59 | 31.59 | No | Audit committee: As mentioned in the Remarks Para of the enclosed Report |
| Preferential IssuesNov 2023, checked by ICRA Limited | 247.59 | Repayment of Term Loan/ Working Capital facility. | 41.00 | 45.00 | No | Audit committee: As mentioned in the Remarks Para of the enclosed Report |
| Preferential IssuesNov 2023, checked by ICRA Limited | 247.59 | Capital Expenditure (Plant & Equipment, Building Shades, Furniture & Fixtures, Computers and Office Equipment). | 105.00 | 84.00 | No | Audit committee: As mentioned in the Remarks Para of the enclosed Report |
| Preferential IssuesNov 2023, checked by ICRA Limited | 247.59 | Working Capital. | 50.00 | 67.00 | No | Audit committee: As mentioned in the Remarks Para of the enclosed Report |
| Preferential IssuesNov 2023, checked by ICRA Limited | 247.59 | General Corporate Purposes. | 20.00 | 20.00 | No | Audit committee: As mentioned in the Remarks Para of the enclosed Report |