Vaishali Pharma logo

Vaishali Pharma MD, chairman, board of directors and AGM

NSE: VAISHALIPharmaceuticals & BiotechnologySmall Cap

Last close ₹6.87down ₹0.36 (4.98%)

Share price at the NSE close on 23 Oct 2026. Previous close ₹7.23.

52-week range of traded prices to 23 Oct 2026
₹4.75Low, 30 Mar 2026₹11.15High, 28 Oct 2025
Market cap
₹90 Cr2,938th largest listed
P/E
20.2
P/B
1.3
Dividend yield
Nonein the last 12 months
ROE
6.6%
ROCE
4.2%
Debt to equity
0.27
Volume, NSE
2,61,33858.6% delivered

Vaishali Pharma 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 ARVIND VASANI
  • Company Secretary and Compliance OfficerVISHWA BIPINBHAI MEKHIA

6 directors3 independent3 executive

  • ATUL ARVIND VASANI · Chairperson and managing directorExecutive · joined Apr 2008 · reappointed May 2026 · 219 months as independent · 1 listed board · 1 committee seat
  • JAGRUTI ATUL VASANIExecutive · joined Nov 2009 · reappointed May 2026 · 131 months as independent · 1 listed board
  • DEWANSH AJAY VASANIExecutive · joined Apr 2018 · reappointed Aug 2021 · 99 months as independent · 1 listed board · 1 committee seat
  • MANISH BHAGWANDAS VEDIndependent · joined Dec 2019 · 79 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • PRATIK VIKRAM JAKHELIAIndependent · joined Jul 2021 · reappointed May 2026 · 61 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • BHAVESHKUMAR POPATLAL UPADHYAYIndependent · joined Jan 2025 · 18 months as independent · 1 listed board · 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.

1 director who left
  • ASHVIN JAMNADAS GANATRA, left 24 Jan 2025: Others

Committees and meetings

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

  • Board

    • 30 May 20266 of 6 present3 independent · 6 days in between
    • 23 May 20266 of 6 present3 independent · 98 days in between
    • 13 Feb 20266 of 6 present3 independent

  • Audit Committee

    Chair MANISH BHAGWANDAS VED

    ATUL ARVIND VASANI, PRATIK VIKRAM JAKHELIA, BHAVESHKUMAR POPATLAL UPADHYAY

    • 30 May 20264 of 4 present3 independent · 6 days in between
    • 23 May 20264 of 4 present3 independent · 98 days in between
    • 13 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair MANISH BHAGWANDAS VED

    PRATIK VIKRAM JAKHELIA, BHAVESHKUMAR POPATLAL UPADHYAY

    • 30 May 20263 of 3 present3 independent · 6 days in between
    • 23 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair MANISH BHAGWANDAS VED

    PRATIK VIKRAM JAKHELIA, DEWANSH AJAY VASANI, BHAVESHKUMAR POPATLAL UPADHYAY

    • 13 Feb 20264 of 4 present3 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.

  • RAMAN S. SHAH & ASSOCIATESPeer-review certificate valid to Dec 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.

Vaishali Pharma 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.Vaishali Pharma share news and announcements

Annual general meeting, 24 Sep 2026

27,014 shareholders on the register on 17 Sep 2026; present: 7 promoters and 56 others; votes counted by HARDIK DARJI / HD AND ASSOCIATES.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 31st, 2026 together with the reports of 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 50.92% · promoters 99.91% · institutions 0.00% · other public 28.28%

  2. To Re-appoint Mrs. Jagruti Atul Vasani (DIN: 02107094), who retires by rotation at this annual general meeting and being eligible, offers herself for re-appointment
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

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

    Turnout: all 19.34% · promoters 0.00% · institutions 0.00% · other public 28.28%

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, 3 Jul 2026, 4 resolutions

27,360 shareholders on the register on 22 May 2026; votes counted by HARDIK DARJI / HD AND ASSOCIATES.The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Pratik Vikram Jakhelia (DIN: 7726752) as an Independent Director of the Company
    Special
    99.97% for0.03% against

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

    Turnout: all 51.60% · promoters 99.82% · institutions 0.00% · other public 29.32%

  2. Re-Appointment of Mr. Atul Arvind Vasani (DIN: 02107085) as a Managing Director of the Company and payment of remuneration to him
    SpecialPromoters have an interest in it
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 18.51% · promoters 0.00% · institutions 0.00% · other public 27.06%

  3. Re-Appointment of Mrs. Jagruti Vasani (DIN: 02107094) as a Whole-Time Director of the Company
    SpecialPromoters have an interest in it
    99.98% for0.02% against

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

    Turnout: all 18.51% · promoters 0.00% · institutions 0.00% · other public 27.06%

  4. To increase the remuneration payable to Mr. Dewansh Vasani (DIN: 08111804), Director cum Chief Financial Officer of the Company
    SpecialPromoters have an interest in it
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 18.51% · promoters 0.00% · institutions 0.00% · other public 27.06%

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.

Postal ballot, 15 Mar 2026, 1 resolution

27,241 shareholders on the register on 6 Feb 2026; votes counted by HARDIK DARJI / HD AND ASSOCIATES.The company's voting result (opens in a new tab)

  1. To Issue, Offer and Allot Equity Shares on a Preferential Basis
    SpecialPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 19.48% · promoters 0.00% · institutions 0.00% · other public 28.48%

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, 22 Sep 2025, 3 resolutions

28,389 shareholders on the register on 15 Sep 2025; present: 7 promoters and 44 others; votes counted by HARDIK DARJI / HD AND ASSOCIATES.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements of the Company for the financial year ended 31st March, 2025 together with the reports of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 42.47% · promoters 99.87% · institutions 0.00% · other public 21.96%

  2. To consider appointment of a Director, Mr. Dewansh Vasani (DIN: 08111804), liable to retire by rotation, and being eligible, offers herself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

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

    Turnout: all 15.89% · promoters 0.00% · institutions 0.00% · other public 21.57%

  3. Approval for appointment of HD & Associates as Secretarial Auditor of the Company.
    Ordinary
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.24%

    Turnout: all 42.47% · promoters 99.87% · institutions 0.00% · other public 21.96%

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, 24 Apr 2025, 9 resolutions

29,359 shareholders on the register on 21 Jan 2025; votes counted by HARDIK DARJI / HD AND ASSOCIATES.The company's voting result (opens in a new tab)

  1. To increase the remuneration payable to Mr. Atul Arvind Vasani, Managing Director of the Company
    SpecialPromoters have an interest in it
    99.97% for0.03% against

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

    Turnout: all 11.93% · promoters 0.00% · institutions 0.00% · other public 16.19%

  2. To increase the remuneration payable to Ms. Jagruti Atul Vasani, Whole-Time Director of the Company
    Special
    99.97% for0.03% against

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

    Turnout: all 11.93% · promoters 0.00% · institutions 0.00% · other public 16.19%

  3. To increase the remuneration payable to Mr. Dewansh Ajay Vasani, Director of the Company
    SpecialPromoters have an interest in it
    99.97% for0.03% against

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

    Turnout: all 11.93% · promoters 0.00% · institutions 0.00% · other public 16.19%

  4. To regularise the appointment of Mr. Bhaveshkumar Popatlal Upadhyay, as a Non-Executive Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 37.88% · promoters 97.45% · institutions 0.00% · other public 16.59%

  5. Re-appointment of Mr. Manish Bhagwandas Ved as an Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 37.88% · promoters 97.45% · institutions 0.00% · other public 16.59%

  6. Alteration of Object Clause of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 37.88% · promoters 97.45% · institutions 0.00% · other public 16.59%

  7. To Increase the Borrowing Powers under section 180(1)(c) of the Companies Act, 2013 upto INR. 200 Crores
    Special
    100.00% for0.00% against

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

    Turnout: all 37.88% · promoters 97.45% · institutions 0.00% · other public 16.59%

  8. Approval of Loans, Investments, Guarantee or Security under section 185 of Companies Act, 2013 up to an aggregate sum of INR 100 Crores
    Special
    100.00% for0.00% against

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

    Turnout: all 37.88% · promoters 97.45% · institutions 0.00% · other public 16.59%

  9. To Make Loan / Investment and give Guarantee / provide Security under section 186 of the Companies Act, 2013 up to maximum amount of INR 250 Crores
    Special
    100.00% for0.00% against

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

    Turnout: all 37.87% · promoters 97.45% · institutions 0.00% · other public 16.59%

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, 27 Sep 2024, 5 resolutions

Present: 6 promoters and 45 others.The company's voting result (opens in a new tab)

  1. Adoption the audited Financial Statements of the Company for the financial year ended 31st March, 2024 together with the reports of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 40.58% · promoters 97.45% · institutions 0.00% · other public 20.27%

  2. To consider appointment of a Director, Mr. Atul Arvind Vasani (DIN: 02107085), liable to retire by rotation, and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 14.93% · promoters 0.00% · institutions 0.00% · other public 20.27%

  3. To approve split of shares
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 40.58% · promoters 97.45% · institutions 0.00% · other public 20.27%

  4. Increase in Authorized Share Capital And Consequential Alteration of Capital Clause of Memorandum of Association OF The Company
    Special
    100.00% for0.00% against

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

    Turnout: all 40.58% · promoters 97.45% · institutions 0.00% · other public 20.27%

  5. To approve the issuance of Bonus Shares
    Special
    100.00% for0.00% against

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

    Turnout: all 40.58% · promoters 97.45% · institutions 0.00% · other public 20.27%

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

  1. To 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 the Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 28.47% · promoters 100.00% · institutions 0.00% · other public 2.53%

  2. To appoint a Director in place of Mrs. Jagruti Atul Vasani (DIN: 02107094), who retires by rotation and being eligible, offers herself for re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 28.47% · promoters 100.00% · institutions 0.00% · other public 2.53%

  3. To approve the aggregate annual remuneration payable to the Promoter - Executive Directors /Members of the Promoter Group exceeding 5% of the Net Profits of the Company calculated as per Section 198 of the Companies Act, 2013MoreLess
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 2.60% · promoters 2.77% · institutions 0.00% · other public 2.53%

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, 4 Jan 2023, 1 resolution

Present: 5 promoters and 29 others.The company's voting result (opens in a new tab)

  1. ISSUE OF SECURITIES ON A PREFERENTIAL BASIS
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

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

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.

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
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.