Lactose (India) MD, chairman, board of directors and AGM
BSE: 524202Pharmaceuticals & BiotechnologySmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹99.50.
- 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.
- ₹125 Cr2,736th 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. The filing of 11 Aug 2026
- 18.1
- 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. The filing of 20 May 2026
- 1.9
- 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. The filing of 11 Aug 2026
- 11.2%
- 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. The filing of 11 Aug 2026
- 10.6%
- 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. The filing of 20 May 2026
- 0.95
- Volume, BSEVolume. Shares traded on the last trading day.
- 2,062
Lactose (India) 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
- Chairperson and managing directorATUL MAHESHWARI
- Company Secretary and Compliance OfficerRITESH PANDEY
5 directors3 independent2 executive
- ATUL MAHESHWARI · Chairperson and managing directorExecutive · joined Mar 1991 · reappointed Sep 2024 · 1 listed board
- SANGITA MAHESHWARIExecutive · joined Jan 2014 · reappointed Sep 2024 · 1 listed board
- CHANDRAMOHAN BHAGAVATULAIndependent · joined Aug 2024 · 23 months as independent · 1 listed board · 1 as independent · 2 committee seats
- NANDAN SRINATHIndependent · joined Aug 2024 · 23 months as independent · 1 listed board · 1 as independent · 2 committee seats
- KISHOR PATELIndependent · joined Aug 2025 · 10 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 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
- DHAVAL SONI, left 7 Oct 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 18 Jun 20264 of 5 present2 independent · 5 days in between
- 12 Jun 20262 of 5 present0 independent · 22 days in between
- 20 May 20265 of 5 present3 independent · 55 days in between
- 25 Mar 20262 of 5 present0 independent · 8 days in between
2 earlier meetings
- 16 Mar 20262 of 5 present0 independent · 30 days in between
- 13 Feb 20265 of 5 present3 independent
Audit Committee
Chair KISHOR PATEL
NANDAN SRINATH, CHANDRAMOHAN BHAGAVATULA
- 20 May 20263 of 3 present3 independent · 95 days in between
- 13 Feb 20263 of 3 present3 independent
Nomination and remuneration committee
Chair KISHOR PATEL
NANDAN SRINATH, CHANDRAMOHAN BHAGAVATULA
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair KISHOR PATEL
NANDAN SRINATH, CHANDRAMOHAN BHAGAVATULA
- 20 May 20263 of 3 present3 independent · 95 days in between
- 13 Feb 20263 of 3 present3 independent
Risk Management Committee
Chair ATUL MAHESHWARI
KISHOR PATEL, NANDAN SRINATH
No meeting listed in the filing.
SEXUAL HARRASMENT COMMITTEE
Chair SANGITA MAHESHWARI
ATUL MAHESHWARI, KISHOR 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 Jun 2026.
- DMKH & CO.Peer-review certificate valid to Apr 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.
Lactose (India) 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.Lactose (India) share news and announcements
Annual general meeting, 30 Sep 2026
16,624 shareholders on the register on 23 Sep 2026; present: 4 promoters and 49 others; votes counted by Priti Nikhil Jajodia / JAJODIA & ASSOCIATES.The company's voting result (opens in a new tab)
- To consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2026, the Reports of the Board of Directors and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 47.74% · promoters 79.64% · institutions 0.00% · other public 10.98%
- To appoint a director in place of Mrs. Sangita Maheshwari (DIN: 00369898), 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 17.01% · promoters 22.35% · institutions 0.00% · other public 10.98%
- To increase Remuneration of Mr. Atul Maheshwari, Managing Director Of The Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 5.92% · promoters 1.67% · institutions 0.00% · other public 10.98%
- To increase Remuneration of Mrs. Sangita Maheshwari, Whole Time Director And CFO Of The CompanySpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 5.92% · promoters 1.67% · institutions 0.00% · other public 10.98%
- To Considered and approval of Related party transactionsSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 5.92% · promoters 1.67% · institutions 0.00% · other public 10.98%
- To Appointment of Mr. Alpesh A. Lakeshri, Cost Auditor, Cost Accountants, Mumbai as Cost Auditors for financial year 2026-27.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 47.74% · promoters 79.64% · institutions 0.00% · other public 10.98%
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 Jun 2026.
- Tax disputeThe Commissioner of Income Tax Appeal (Mumbai)Since 29 Apr 2016Pending
- Tax disputeCustoms, Excise & Service Tax Appellate Tribunal, West Zonal Bench AhmedabadSince 30 Apr 2021Pending
- Tax disputeOffice of the commissioner, CGST and Central Excise(appeals), VadodaraSince 20 Dec 2022Pending
- Tax disputeCustoms, Excise & Service Tax Appellate Tribunal, West Zonal Bench AhmedabadSince 22 Mar 2021Pending
- Tax disputeThe Commissioner of Income Tax Appeal (Mumbai)Since 17 Apr 2024Pending
- Tax disputeState Tax Officer, Ghatak 45 (Vadodara), Range – 12, Division – 5, Gujarat.Since 7 May 2024Pending
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.
How money raised was used
Reported for the quarter to Mar 2026. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. 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. A statement's amounts are left out where the company filed the same raise a power of ten apart in its other statements and the filings do not settle which is right.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesDec 2024 | – | – | – | No |