IVP logo

IVP CEO, MD, chairman, board of directors and AGM

NSE: IVPBSE: 507580Chemicals & PetrochemicalsSmall Cap

Last close ₹188.32down ₹13.32 (6.61%)BSE ₹189.35

Share price at the NSE close on 23 Oct 2026. Previous close ₹201.64.

52-week range of traded prices to 23 Oct 2026
₹110.00Low, 30 Mar 2026₹247.95High, 12 Oct 2026
Market cap
₹194 Cr2,612th largest listed
P/E
6.2
P/B
1.2
Dividend yield
0.80%
ROE
21.3%
ROCE
20.2%
Debt to equity
0.42
Volume, NSE
29,98657.8% delivered

IVP 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

  • ChairpersonRajkumar Lekhwani
  • Chief executiveMandar Prabhakar Joshi
  • Company Secretary and Compliance OfficerJay R Mehta

6 directors3 independent1 executive2 non-executive

  • Rajkumar Lekhwani · ChairpersonNon-executive · joined Jun 2025 · 1 listed board · 1 committee seat
  • Mandar Prabhakar Joshi · Chief executiveExecutive · joined Aug 2016 · reappointed Aug 2025 · 1 listed board · 1 committee seat
  • Ranjeev Ugamraj LodhaIndependent · joined Jul 2021 · reappointed May 2026 · 59 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • Mala Arun TodaralIndependent · joined Jun 2021 · reappointed May 2026 · 60 months as independent · 3 listed boards · 3 as independent · 8 committee seats, 5 as chair
  • Pratik Kiritkumar KadakiaIndependent · joined Aug 2024 · reappointed Aug 2024 · 22 months as independent · 1 listed board · 1 as independent
  • Anwar Husain ChauhanNon-executive · joined Nov 2021 · 2 listed boards · 3 committee seats

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
  • Thirumangalam Kuppuswamy Gowrishankar, left 1 Aug 2025: Others

Committees and meetings

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

  • Board

    • 21 May 20266 of 6 present3 independent · 55 days in between
    • 26 Mar 20266 of 6 present3 independent · 55 days in between
    • 29 Jan 20266 of 6 present3 independent

  • Audit Committee

    Chair Ranjeev Ugamraj Lodha

    Mala Arun Todaral, Anwar Husain Chauhan

    • 21 May 20263 of 3 present2 independent · 55 days in between
    • 26 Mar 20263 of 3 present2 independent · 55 days in between
    • 29 Jan 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Ranjeev Ugamraj Lodha

    Rajkumar Lekhwani, Mala Arun Todaral

    • 21 May 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Ranjeev Ugamraj Lodha

    Mandar Prabhakar Joshi, Rajkumar Lekhwani

    • 29 Jan 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair Mala Arun Todaral

    Mandar Prabhakar Joshi, Rajkumar Lekhwani

    • 21 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. Rajendra & Co., Chartered AccountantsPeer-review certificate valid to Aug 2027
1 earlier auditor
  • Rajendra & Co., Chartered AccountantsNamed 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.

IVP 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.IVP dividend history

Annual general meeting, 6 Aug 2026

7,213 shareholders on the register on 30 Jul 2026; present: 16 promoters and 28 others; votes counted by AQUEEL A.MULLA / A. A. MULLA & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To review, consider and adopt the Annual Audited Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 69.63% · promoters 97.61% · institutions 0.00% · other public 0.07%

  2. To declare Final Dividend of Rs. 1.5 per equity share of Rs. 10 each for the Financial Year ended March 31, 2026
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 69.63% · promoters 97.61% · institutions 0.00% · other public 0.07%

  3. To appoint a Director in place of Mr. Anwar Chauhan, (DIN: 00322114), who retires by rotation and being eligible, offers himself for re- appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 69.63% · promoters 97.61% · institutions 0.00% · other public 0.07%

  4. To re-appoint Statutory Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 69.63% · promoters 97.61% · institutions 0.00% · other public 0.07%

  5. Commission payable to Non- Executive Directors.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 69.63% · promoters 97.61% · institutions 0.00% · other public 0.07%

  6. Ratification of Remuneration payable to the Cost Auditors for financial year ending March 31, 2027
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 69.63% · promoters 97.61% · institutions 0.00% · other public 0.07%

  7. Re-appointment of Mr. Ranjeev Lodha, (DIN:07478890) as an Independent Director.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 69.63% · promoters 97.61% · institutions 0.00% · other public 0.07%

  8. Re-appointment of Ms. Mala Todarwal, (DIN:06933515) as an Independent Director.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 69.63% · promoters 97.61% · institutions 0.00% · other public 0.07%

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, 31 Jul 2025, 7 resolutions

7,247 shareholders on the register on 24 Jul 2025; present: 17 promoters and 30 others; votes counted by AQUEEL A.MULLA / A. A. MULLA & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To review, consider and adopt the Annual Audited Financial Statements of the Company for the Financial Year ended March 31, 2025 together with the reports of the Board of Directors and Auditors thereon;MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 67.25% · promoters 94.27% · institutions 0.00% · other public 0.05%

  2. To declare Final Dividend of Rs. 1 per equity share of Rs. 10 each for the Financial Year ended March 31, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 67.25% · promoters 94.27% · institutions 0.00% · other public 0.05%

  3. To re-appoint Mr. T. K. Gowrishankar, (DIN: 00847357), who retires by rotation and being eligible, offers himself for re-appointment;
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 67.25% · promoters 94.27% · institutions 0.00% · other public 0.05%

  4. To appoint Mr. Aqueel A. Mulla, proprietor of Messrs. A. A. Mulla & Associates., Practicing Company Secretaries as Secretarial Auditor of the Company for a term of 5 (five) consecutive years;
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 67.25% · promoters 94.27% · institutions 0.00% · other public 0.05%

  5. Ratification of Remuneration payable to the Cost Auditors for financial year ending March 31, 2026;
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.53%

    Turnout: all 67.25% · promoters 94.27% · institutions 0.00% · other public 0.05%

  6. Re-appointment of Mr. Mandar P. Joshi, (DIN:07526430) as Whole Time Director and Chief Executive Officer
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 67.25% · promoters 94.27% · institutions 0.00% · other public 0.05%

  7. Regularization of Appointment of Mr. Rajkumar Lekhwani (DIN:10652214) as a Non-Executive, Non-Independent Director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 67.25% · promoters 94.27% · institutions 0.00% · other public 0.05%

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 Oct 2024, 1 resolution

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

  1. Appointment of Mr. Pratik Kadakia (DIN:10719953) as an Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.47%

    Turnout: all 65.39% · promoters 91.40% · institutions 0.00% · other public 0.72%

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, 8 Aug 2024, 5 resolutions

Present: 15 promoters and 25 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2024, together with the reports of the Board of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 68.64% · promoters 96.23% · institutions 0.00% · other public 0.04%

  2. To declare Final Dividend on the Equity Shares for the financial year ended March 31, 2024.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 68.64% · promoters 96.23% · institutions 0.00% · other public 0.04%

  3. To appoint a Director in place of Mr. Mandar P Joshi, (DIN: 07526430), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 68.64% · promoters 96.23% · institutions 0.00% · other public 0.04%

  4. Ratification of Remuneration payable to M/s. Kishore Bhatia, the Cost Auditors for the financial year ended March 31, 2025.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 68.64% · promoters 96.23% · institutions 0.00% · other public 0.04%

  5. To Continue directorship of Mr. T. K. Gowrishankar (DIN: 00847357) Non-Executive, Non-Independent.
    Special
    100.00% for0.00% against

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

    Turnout: all 68.64% · promoters 96.23% · institutions 0.00% · other public 0.04%

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.

Annual general meeting, 10 Aug 2023, 4 resolutions

Present: 13 promoters and 20 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2023 together with the reports of the Board of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.00% · promoters 97.55% · institutions 0.00% · other public 1.51%

  2. To declare Final Dividend on the Equity Shares for the financial year ended March 31, 2023
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.00% · promoters 97.55% · institutions 0.00% · other public 1.51%

  3. To appoint a Director in place of Mr. Anwar Chauhan, (DIN: 00322114), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 70.00% · promoters 97.55% · institutions 0.00% · other public 1.51%

  4. Ratification of Remuneration payable to M/s. Kishore Bhatia, the Cost Auditors for the financial year ended March 31, 2024
    Special
    100.00% for0.00% against

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

    Turnout: all 70.00% · promoters 97.55% · institutions 0.00% · other public 1.51%

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.

Annual general meeting, 28 Jul 2022, 8 resolutions

Present: 17 promoters and 41 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statement of the Company for the financial year ended 31st March, 2022, together with the reports of the Board of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.60%

    Turnout: all 71.33% · promoters 100.00% · institutions 0.00% · other public 0.06%

  2. Declaration of Dividend on equity shares for the financial year ended 31st March, 2022
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.60%

    Turnout: all 71.33% · promoters 100.00% · institutions 0.00% · other public 0.06%

  3. Appointment of a Director in place of Mr. T. K. Gowrishankar (DIN: 00847357), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.60%

    Turnout: all 71.33% · promoters 100.00% · institutions 0.00% · other public 0.06%

  4. Ratification of Remuneration payable to M/s. Hemant Shah & Asociated, the Cost Auditors for the financial year ended 31st March, 2023
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.97%

    Turnout: all 71.33% · promoters 100.00% · institutions 0.00% · other public 0.06%

  5. Appointment of Mr. Anwar Chauhan (DIN: 00322114) as a Non-Executive, Non-Independent Director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.60%

    Turnout: all 71.33% · promoters 100.00% · institutions 0.00% · other public 0.06%

  6. Re-appointment of Mr. Mandar P. Joshi (DIN: 07526430) as a Whole Time Director and Chief Executive Officer for the further period of 3 years
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.60%

    Turnout: all 71.33% · promoters 100.00% · institutions 0.00% · other public 0.06%

  7. Appointment of Mr. Ranjeev Lodha (DIN: 07478890) as an Independent Director of the Company for a period of 5 years
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.60%

    Turnout: all 71.33% · promoters 100.00% · institutions 0.00% · other public 0.06%

  8. Commission to Non-Executive Directors
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.77%

    Turnout: all 71.33% · promoters 100.00% · institutions 0.00% · other public 0.06%

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, 28 Jul 2021, 6 resolutions

Present: 17 promoters and 27 others.The company's voting result (opens in a new tab)

  1. 1 - To consider and adopt the audited financial statement of the Company for the financial year ended 31st March, 2021 together with the reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.98%

    Turnout: all 69.10% · promoters 96.86% · institutions 0.00% · other public 0.07%

  2. 2 - To declare the final dividend on equity shares for the financial year ended 31st March, 2021.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.46%

    Turnout: all 69.10% · promoters 96.86% · institutions 0.00% · other public 0.07%

  3. 3 - To appoint a Director in place of Mr. Mandar P. Joshi, (DIN: 07526430), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.98%

    Turnout: all 69.10% · promoters 96.86% · institutions 0.00% · other public 0.07%

  4. 4 - To appoint M/s. Rajendra & Co., Chartered Accountants, (Firm Registration No.: 108355W) as the Statutory Auditors of the Company and to fix their remuneration
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.98%

    Turnout: all 69.10% · promoters 96.86% · institutions 0.00% · other public 0.07%

  5. 5 - Ratification of Remuneration to the Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.46%

    Turnout: all 69.10% · promoters 96.86% · institutions 0.00% · other public 0.07%

  6. 6 - Appointment of Mrs. Mala Todarwal (DIN: 06933515) as an Independent Director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.98%

    Turnout: all 69.10% · promoters 96.86% · institutions 0.00% · other public 0.07%

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 Dec 2020, 1 resolution

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

  1. To approve the appointment of M/s. Rajendra & Co., Chartered Accountants, (Firm Registration No.: 108355W) as Statutory Auditors of the Company to fill the casual vacancy caused by the resignation of M/s. B S R & Associates LLP, former Auditor.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.89% · promoters 100.00% · institutions 0.00% · other public 7.05%

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.