Span Divergent MD, chairman, board of directors and AGM
BSE: 524727Pharmaceuticals & BiotechnologySmall Cap
Share price at the BSE close on 22 Oct 2026. Previous close ₹22.00.
- 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.
- ₹17 Cr4,116th 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.
- Earlier quarters restated in the year
- 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 30 May 2026
- 1.1
- 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
- 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
- −24.0%
- 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 30 May 2026
- 0.73
- Volume, BSEVolume. Shares traded on the last trading day.
- 341
Span Divergent 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
- Managing directorViral Pradipkumar Desai
- ChairpersonRajendra Navinchandra Chokhawala
- Company Secretary and Compliance OfficerUrvi Shinde
7 directors3 independent2 executive2 non-executive
- Viral Pradipkumar Desai · Managing directorExecutive · joined Jul 2003 · reappointed Jul 2025 · 1 listed board
- Paras DesaiExecutive · joined Nov 2020 · reappointed Sep 2024 · 1 listed board
- Sanjay Natwarlal MehtaNon-executive · joined Aug 2004 · reappointed Sep 2024 · 2 listed boards · 1 as independent · 4 committee seats, 1 as chair
- Shefali Pranav DesaiNon-executive · joined Aug 2022 · reappointed Sep 2025 · 1 listed board · 1 committee seat
- Rajendra Navinchandra Chokhawala · ChairpersonIndependent · joined Jan 2024 · reappointed Jan 2024 · 30 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Jigneshkumar Rameshchandra DesaiIndependent · joined Jan 2024 · reappointed Jan 2024 · 30 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Dharmesh Vinodbhai DesaiIndependent · joined Nov 2025 · reappointed Feb 2026 · 8 months as independent · 2 listed boards · 1 as independent · 2 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.
2 directors who left
- Pradipkumar Keshavlal Desai, left 10 Nov 2025: Others
- Nirav Dineshchandra Jogani, left 10 Nov 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 30 May 20266 of 7 present2 independent · 62 days in between
- 28 Mar 20264 of 7 present2 independent · 30 days in between
- 25 Feb 20264 of 7 present2 independent · 14 days in between
- 10 Feb 20265 of 7 present2 independent · 17 days in between
1 earlier meeting
- 23 Jan 20265 of 7 present2 independent
Audit Committee
Chair Rajendra Navinchandra Chokhawala
Dharmesh Vinodbhai Desai, Sanjay Natwarlal Mehta, Jigneshkumar Rameshchandra Desai
- 30 May 20263 of 4 present2 independent · 108 days in between
- 10 Feb 20263 of 4 present2 independent
Nomination and remuneration committee
Chair Dharmesh Vinodbhai Desai
Sanjay Natwarlal Mehta, Rajendra Navinchandra Chokhawala
- 30 May 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Sanjay Natwarlal Mehta
Shefali Pranav Desai, Rajendra Navinchandra Chokhawala, Dharmesh Vinodbhai Desai
- 30 May 20264 of 4 present2 independent · 108 days in between
- 10 Feb 20263 of 4 present2 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.
- Y B DESAI AND ASSOCIATESPeer-review certificate valid to Aug 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.
Span Divergent 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.Span Divergent dividend history
Annual general meeting, 28 Sep 2026
2,072 shareholders on the register on 21 Sep 2026; present: 4 promoters and 18 others; votes counted by MITESHKUMAR RANA / M/s. Mitesh Rana & Co..The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements including Consolidated Financial Statements of the Company for the financial year ended on March 31, 2026, and the Reports of the Board of Directors and Auditor thereon;MoreLess
Ordinary97.40% for2.60% againstAgainst: promoters 0.00% · other public 22.48%
Turnout: all 49.12% · promoters 90.27% · other public 10.95%
- To appoint a director in place of Mr. Sanjay Mehta (DIN: 00002817) who retires by rotation and being eligible, offers himself for re-appointmentOrdinary97.24% for2.76% against
Against: promoters 0.00% · other public 46.11%
Turnout: all 46.21% · promoters 90.27% · other public 5.34%
Continuation of directorship of Mr. Sanjay Mehta (DIN: 00002817), as Non-Executive Non-Independent Director in terms of Regulation 17(1A) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015MoreLess
Special97.24% for2.76% againstAgainst: promoters 0.00% · other public 46.11%
Turnout: all 46.21% · promoters 90.27% · other public 5.34%
- Approval for Related Party Transaction(s)OrdinaryPromoters have an interest in it53.64% for46.36% against
Against: promoters 0.00% · other public 46.36%
Turnout: all 2.75% · promoters 0.00% · other public 5.31%
- Approval for Related Party Transaction(s)OrdinaryPromoters have an interest in it53.64% for46.36% against
Against: promoters 0.00% · other public 46.36%
Turnout: all 2.75% · promoters 0.00% · other public 5.31%
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.
Fines
Reported in the filing for the quarter to Jun 2026.
- Fine or penaltyTraffic Enforcement Centre Office of the Commissioner / Supritendent of Police, SuratSince 16 Jun 2026
Fine amount Rs. 3000/- Charged for Driving at Over Speed-LMV than limit, Car Registartion No GJ 05 JP 9752. Penalty Has been paid on 19-06-2026.
Driving at Over Speed-LM than limit, Car Registartion No GJ 05 JP 9752 - Fine or penaltyTraffic Enforcement Centre Office of the Commissioner / Supritendent of Police, SuratSince 2 May 2026
Fine amount Rs. 3000/- Charged for Driving at Over Speed-LMV than limit, Car Registartion No GJ 05 JP 9752. Penalty Has been paid on 19-06-2026.
Driving at Over Speed-LM than limit, Car Registartion No GJ 05 JP 9752
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
- Yes
- 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 |
|---|---|---|---|---|---|
| Preferential IssuesMar 2026 | 5.79 | Procurement of Raw Cashew Nut (RCN) Inventory (2 - 3 Months upfront) | 5.00 | 3.73 | No |
| Preferential IssuesMar 2026 | 5.79 | Restart and Ramp-up Costs (Commissioning & Operational Mobilisation) | 0.50 | 0.50 | No |
| Preferential IssuesMar 2026 | 5.79 | Selective Refurbishment for Productivity and Quality | 0.29 | 0.29 | No |