Heads UP Ventures logo

Heads UP Ventures MD, chairman, board of directors and AGM

NSE: HEADSUPBSE: 540210Textiles & ApparelsSmall Cap

Formerly The Mandhana Retail Ventures
Last close ₹5.82up ₹0.49 (9.19%)BSE ₹5.82

Share price at the NSE close on 23 Oct 2026. Previous close ₹5.33.

52-week range of traded prices to 23 Oct 2026
₹4.73Low, 23 Oct 2026₹11.24High, 31 Oct 2025
Market cap
₹13 Cr4,269th largest listed
P/E
Lossover the last 12 months
P/B
0.8
Dividend yield
Nonein the last 12 months
ROE
−19.3%
ROCE
−24.3%
Debt to equity
0.00
Volume, NSE
45,28973.6% delivered

Heads UP Ventures board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonHarshkumar Pravinbhai Patel

6 directors3 independent3 non-executive

  • Abhishek Shivpujan GiriIndependent · joined Nov 2024 · 19 months as independent · 2 listed boards · 2 as independent · 2 committee seats
  • Amrita Ashutosh TiwariIndependent · joined Dec 2024 · 18 months as independent · 1 listed board · 1 as independent
  • Kunj Yogeshbhai PatelIndependent · joined Dec 2024 · 18 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • Harshkumar Pravinbhai Patel · ChairpersonNon-executive · joined Dec 2024 · 1 listed board
  • Asmitaben Ravikumar PatelNon-executive · joined Nov 2024 · 1 listed board · 2 committee seats, 1 as chair
  • Vaishali PatelNon-executive · joined Feb 2026 · 2 listed boards · 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.

7 directors who left
  • Ayush Patel, left 27 Apr 2026: Others
  • Hansraj Rathor, left 4 Dec 2025: Others
  • Akash Jitendrakumar Patel, left 14 Nov 2025: Others
  • Ronak Pankajbhai Seth, left 21 Mar 2025: Others
  • Neeraj Bala, left 10 Feb 2025: Others
  • Sudhir Kumar Arya, left 10 Feb 2025: Others
  • Bharatkumar M Mundra, left 1 Oct 2024: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 28 May 20266 of 6 present3 independent · 22 days in between
    • 5 May 20266 of 6 present3 independent · 70 days in between
    • 23 Feb 20267 of 7 present4 independent · 8 days in between
    • 14 Feb 20267 of 7 present4 independent

  • Audit Committee

    Chair Kunj Yogeshbhai Patel

    Asmitaben Ravikumar Patel, Abhishek Shivpujan Giri

    • 28 May 20263 of 3 present2 independent · 93 days in between
    • 14 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Abhishek Shivpujan Giri

    Kunj Yogeshbhai Patel, Asmitaben Ravikumar Patel

    • 28 May 20263 of 3 present2 independent
    • 23 Feb 20263 of 3 present2 independent · 8 days in between

  • Stakeholders Relationship Committee

    Chair Asmitaben Ravikumar Patel

    Kunj Yogeshbhai Patel, Abhishek Shivpujan Giri

    • 28 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 Jun 2026.

  • Shweta Jain & Co LLPPeer-review certificate valid to May 2029
1 earlier auditor
  • J. Singh & AssociatesNamed 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.

Heads UP Ventures 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.Heads UP Ventures share news and announcements

Annual general meeting, 30 Sep 2025

19,928 shareholders on the register on 23 Sep 2025; present: 4 promoters and 57 others; votes counted by SHUBHANGI RAJ KUMAR AGARWAL / A.SHUBHANGI & ASSOCIATES.The company's voting result (opens in a new tab)

  1. (i) Receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended on March 31, 2025 and the Report of the Board of Directors and Auditors thereon.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 13.48% · promoters 94.13% · institutions 0.00% · other public 0.83%

  2. Appointment of Mr. Harsh Pravinbhai Patel, (DIN: 10856046) who is subject to retire by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers himself for reappointmentMoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 13.48% · promoters 94.13% · institutions 0.00% · other public 0.83%

  3. Appointment of M/S. A.Shubhangi & Associates as Secretarial Auditors of the Company
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 13.48% · promoters 94.13% · institutions 0.00% · other public 0.83%

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, 16 Apr 2025, 1 resolution

20,422 shareholders on the register on 14 Mar 2025; votes counted by Ankur Dineshchandra Gandhi / Ankur Gandhi & Asssociates.The company's voting result (opens in a new tab)

  1. Alteration In Main Objects Clause of Memorandum of Association of the Company by addition of New Objects
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.53%

    Turnout: all 12.94% · promoters 94.40% · institutions 0.00% · 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, 9 Apr 2025, 2 resolutions

20,287 shareholders on the register on 7 Mar 2025; votes counted by Ankur Dineshchandra Gandhi / Ankur Gandhi & Asssociates.The company's voting result (opens in a new tab)

  1. INCREASE IN AUTHORIZED SHARE CAPITAL OF THE COMPANY
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.69%

    Turnout: all 12.95% · promoters 94.45% · institutions 0.00% · other public 0.17%

  2. TO APPROVE THE ISSUANCE OF EQUITY SHARES FOR CONSIDERATION OTHER THAN CASH ON PREFERENTIAL BASIS (GYSCOAL ENTERPRISE PRIVATE LIMITED)
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.69%

    Turnout: all 12.95% · promoters 94.45% · institutions 0.00% · other public 0.17%

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, 26 Mar 2025, 2 resolutions

20,077 shareholders on the register on 21 Feb 2025; votes counted by Ankur Dineshchandra Gandhi / Ankur Gandhi & Asssociates.The company's voting result (opens in a new tab)

  1. INCREASE IN AUTHORIZED SHARE CAPITAL OF THE COMPANY
    Special
    96.51% for3.49% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.49%

    Turnout: all 0.16% · promoters 0.00% · institutions 0.00% · other public 0.19%

  2. PREFERENTIAL ALLOTMENT OF UPTO 6,64,17,000 (SIX CRORES AND SIXTY FOUR LAKHS AND SEVENTEEN THOUSANDS ONLY) FULLY CONVERTIBLE WARRANTS TO THE PERSONS BELONGING TO “NON-PROMOTER, PUBLIC CATEGORY
    Special
    92.53% for7.47% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.47%

    Turnout: all 0.16% · promoters 0.00% · institutions 0.00% · other public 0.19%

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 Feb 2025, 5 resolutions

20,140 shareholders on the register on 3 Jan 2025; votes counted by Ankur Dineshchandra Gandhi / Ankur Gandhi & Asssociates.The company's voting result (opens in a new tab)

  1. REGULARISATION OF APPOINTMENT OF ADDITIONAL DIRECTOR OF MR. ABHISHEK SHIVPUJAN GIRI (DIN: 10364515) AS AN INDEPENDENT DIRECTOR OF THE COMPANY
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.42%

    Turnout: all 12.99% · promoters 94.45% · institutions 0.00% · other public 0.21%

  2. REGULARISATION OF APPOINTMENT OF ADDITIONAL DIRECTOR OF MR. KUNJ YOGESHBHAI PATEL (DIN: 10856058) AS AN INDEPENDENT DIRECTOR OF THE COMPANY
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.42%

    Turnout: all 12.99% · promoters 94.45% · institutions 0.00% · other public 0.21%

  3. REGULARISATION OF APPOINTMENT OF ADDITIONAL DIRECTOR OF MR. AKASH JITENDRAKUMAR PATEL (DIN: 10856039) AS AN INDEPENDENT DIRECTOR OF THE COMPANY
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.42%

    Turnout: all 12.99% · promoters 94.45% · institutions 0.00% · other public 0.21%

  4. REGULARISATION OF APPOINTMENT OF ADDITIONAL DIRECTOR OF MS. AMRITA ASHUTOSH TIWARI (DIN: 10866957) AS AN INDEPENDENT DIRECTOR OF THE COMPANY
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.42%

    Turnout: all 12.99% · promoters 94.45% · institutions 0.00% · other public 0.21%

  5. REGULARISATION OF APPOINTMENT OF ADDITIONAL DIRECTOR OF MR. HARSHKUMAR PRAVINBHAI PATEL (DIN: 10856046) AS NON-EXECUTIVE DIRECTOR OF THE COMPANY
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.42%

    Turnout: all 12.99% · promoters 94.45% · institutions 0.00% · other public 0.21%

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.

Annual general meeting, 12 Sep 2024, 5 resolutions

Present: 4 promoters and 39 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited FinancialnStatements of the Company for the financial year endedn31 st March, 2024 and the Reports of the Directors andnAuditors thereon
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 14.79% · promoters 77.20% · institutions 0.00% · other public 5.04%

  2. To appoint Mr. Hansraj Rathor (DIN: 07567833) who is subject to retire by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers himself for reappointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 14.79% · promoters 77.20% · institutions 0.00% · other public 5.04%

  3. Appointment of Statutory Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 14.79% · promoters 77.20% · institutions 0.00% · other public 5.04%

  4. Appointment of Mr. Ronak Pankajbhai Sheth, DIN: 08237390, as non-executive and non- independent Director of the Company, liable to retire by rotation, for a period of 5 (five) consecutive years
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 14.79% · promoters 77.20% · institutions 0.00% · other public 5.04%

  5. Appointment of Mr. Bharatkumar M. Mundra, DIN: 02281916, as non-executive Independent Director of the Company, not liable to retire by rotation, for a period of 5 (five) consecutive years
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 14.79% · promoters 77.20% · institutions 0.00% · other public 5.04%

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 Apr 2024, 3 resolutions

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Hansraj Rathor (DIN: 07567833) as Managing Director of the Company
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.28%

    Turnout: all 16.45% · promoters 100.00% · institutions 0.00% · other public 3.10%

  2. Appointment of Mrs. Neeraj Bala (DIN: 07193192) as Non-Executive Independent Director of the Company for a period of 5 years.
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.28%

    Turnout: all 16.45% · promoters 100.00% · institutions 0.00% · other public 3.10%

  3. Appointment of Mr. Sudhir Kumar Arya (DIN: 02414512) as Non-Executive Independent Director of the Company for a period of 5 years.
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.28%

    Turnout: all 16.45% · promoters 100.00% · institutions 0.00% · other public 3.10%

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, 29 Sep 2023, 3 resolutions

Present: 16 promoters and 30 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements of the Company for the year ended 31st March, 2023 and the Reports of the Directors and Auditors thereon.n
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 36.79% · promoters 99.87% · institutions 0.00% · other public 5.51%

  2. Re-appointment of Mrs. Sangeeta M. Mandhana, (DIN: 06934972) who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, offered herself for re-appointment.
    OrdinaryPromoters have an interest in it
    98.93% for1.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.07%

    Turnout: all 3.66% · promoters 0.00% · institutions 0.00% · other public 5.51%

  3. Appointment of Mr. Roshan Ravindra More (DIN: 10286680) as Non Executive Independent Director of the Company for a period of 5 (Five) consecutive years.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 36.79% · promoters 99.87% · institutions 0.00% · other public 5.51%

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

None open at any 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.