Vardhman Acrylics logo

Vardhman Acrylics MD, chairman, board of directors and AGM

NSE: VARDHACRLCTextiles & ApparelsSmall Cap

Last close ₹39.32down ₹2.28 (5.48%)

Share price at the NSE close on 23 Oct 2026. Previous close ₹41.60.

52-week range of traded prices to 23 Oct 2026
₹27.01Low, 30 Mar 2026₹48.55High, 29 Jul 2026
Market cap
₹316 Cr2,116th largest listed
P/E
7.6
P/B
1.2
Dividend yield
3.81%
ROE
16.9%
ROCE
12.6%
Debt to equity
0.00
Volume, NSE
17,16491.7% delivered

Vardhman Acrylics board of directors

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

  • ChairpersonShri Paul OswalRelated to the promoter
  • Company Secretary and Compliance OfficerSatin Katyal

10 directors5 independent1 executive4 non-executive

  • Shri Paul Oswal · ChairpersonNon-executive · joined Dec 1990 · reappointed Dec 1990 · 3 listed boards · 3 committee seats, 3 as chair
  • Sachit JainNon-executive · joined Dec 1995 · reappointed Dec 1995 · 4 listed boards · 2 committee seats
  • Bal Krishan ChoudharyNon-executive · joined Apr 2024 · reappointed Apr 2024 · 1 listed board · 1 committee seat
  • Suchita JainNon-executive · joined Oct 2020 · reappointed Oct 2020 · 4 listed boards · 5 committee seats, 1 as chair
  • Vivek GuptaExecutive · joined Nov 2023 · reappointed Nov 2023 · 1 listed board
  • Bhooshan Lal UppalIndependent · joined Jul 2022 · reappointed Jul 2025 · 50 months as independent · 1 listed board · 1 as independent
  • Anil KumarIndependent · joined Jul 2022 · reappointed Jul 2025 · 50 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • Parakh OswalIndependent · joined Jul 2022 · reappointed Jul 2022 · 50 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Sandeep KapurIndependent · joined Aug 2023 · reappointed Aug 2023 · 38 months as independent · 2 listed boards · 2 as independent · 5 committee seats, 3 as chair
  • Sanjeev JainIndependent · joined Nov 2023 · reappointed Nov 2023 · 35 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 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.

Committees and meetings

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

  • Board

    • 28 Jul 202610 of 10 present5 independent · 86 days in between
    • 2 May 20268 of 10 present5 independent

  • Audit Committee

    Chair Anil Kumar

    Parakh Oswal, Sanjeev Jain

    • 28 Jul 20263 of 3 present3 independent · 86 days in between
    • 2 May 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair Bhooshan Lal Uppal

    Shri Paul Oswal, Parakh Oswal

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Sanjeev Jain

    Parakh Oswal, Bal Krishan Choudhary

    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 Mar 2026.

  • SCV & Co. LLPPeer-review certificate valid to Feb 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.

Vardhman Acrylics 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.Vardhman Acrylics dividend history

Annual general meeting, 17 Sep 2026

28,054 shareholders on the register on 10 Sep 2026; present: 12 promoters and 35 others; votes counted by Ashwani Kumar Khanna / Khanna Ashwani & 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 31st March, 2026 together with Report of Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.48%

    Turnout: all 75.01% · promoters 100.00% · institutions 100.00% · other public 0.07%

  2. To declare a dividend of Rs. 1.50/- per equity share for the year ended 31st March, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.56%

    Turnout: all 75.01% · promoters 100.00% · institutions 100.00% · other public 0.07%

  3. To appoint a Director in place of Mr. Sachit Jain (DIN: 00746409), who retires by rotation in terms of Section 152 (6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 100.00% · other public 1.53%

    Turnout: all 75.01% · promoters 100.00% · institutions 100.00% · other public 0.07%

  4. To appoint a Director in place of Mr. Bal Krishan Choudhary (DIN: 00307110), who retires by rotation in terms of Section 152 (6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.01% · promoters 100.00% · institutions 100.00% · other public 0.07%

  5. To approve annual remuneration payable to a single non-executive director in excess of the limit of 50% of the total annual remuneration payable to all non-executive directors.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.85%

    Turnout: all 75.01% · promoters 100.00% · institutions 100.00% · other public 0.07%

  6. To approve continuation of directorship of Mr. Bal Krishan Choudhary as a Non-Executive Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.55%

    Turnout: all 75.01% · promoters 100.00% · institutions 100.00% · other public 0.07%

  7. To ratify remuneration payable to Cost Auditors for the Financial Year ending 31st March, 2027.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.69%

    Turnout: all 75.01% · promoters 100.00% · institutions 100.00% · 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, 26 Jun 2026, 1 resolution

28,492 shareholders on the register on 22 May 2026; votes counted by Ashwani Kumar Khanna / M/s Khanna Ashwani & Associates.The company's voting result (opens in a new tab)

  1. TO ENTER INTO RELATED PARTY TRANSACTIONS.
    OrdinaryPromoters have an interest in it
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 1.37% · promoters 0.00% · institutions 100.00% · other public 5.41%

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, 24 Sep 2025, 8 resolutions

28,625 shareholders on the register on 17 Sep 2025; present: 12 promoters and 29 others; votes counted by Ashwani Kumar Khanna / Khanna Ashwani & 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 31st March, 2025 together with Report of Board of Directors and Auditors thereon.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.47%

    Turnout: all 76.49% · promoters 100.00% · institutions 0.00% · other public 6.09%

  2. To declare a dividend of Rs. 1.50/- per equity share for the year ended March 31, 2025.
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.77%

    Turnout: all 76.49% · promoters 100.00% · institutions 0.00% · other public 6.09%

  3. To appoint a Director in place of Mrs. Suchita Jain (DIN: 00746471), who retires by rotation in terms of Section 152 (6) of the Companies Act, 2013 and being eligible, offers herself for re-appointment.MoreLess
    OrdinaryPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.78%

    Turnout: all 76.49% · promoters 100.00% · institutions 0.00% · other public 6.09%

  4. To appoint a Director in place of Mr. Vivek Gupta (DIN: 10366909), who retires by rotation in terms of Section 152 (6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.77%

    Turnout: all 76.49% · promoters 100.00% · institutions 0.00% · other public 6.09%

  5. To approve annual remuneration payable to a single non-executive director in excess of the limit of 50% of the total annual remuneration payable to all non-executive directors.
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.90%

    Turnout: all 76.49% · promoters 100.00% · institutions 0.00% · other public 6.09%

  6. To approve continuation of directorship of Mr. Bal Krishan Choudhary as a Non-Executive Director of the Company.
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.84%

    Turnout: all 76.49% · promoters 100.00% · institutions 0.00% · other public 6.09%

  7. To ratify remuneration payable to Cost Auditors for the Financial Year ending 31st March, 2026.
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.78%

    Turnout: all 76.49% · promoters 100.00% · institutions 0.00% · other public 6.09%

  8. To appoint M/s. Ashok K Singla & Associates, Practicing Company Secretaries, as Secretarial Auditors of the Company for a term of five consecutive years.
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.78%

    Turnout: all 76.49% · promoters 100.00% · institutions 0.00% · other public 6.09%

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 Jun 2025, 4 resolutions

28,903 shareholders on the register on 16 May 2025; votes counted by Ashwani Kumar Khanna / Khanna Ashwani & Associates.The company's voting result (opens in a new tab)

  1. TO RE-APPOINT MR. ANIL KUMAR AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.45%

    Turnout: all 76.97% · promoters 100.00% · institutions 99.69% · other public 7.53%

  2. TO RE-APPOINT MR. BHOOSHAN LAL UPPAL AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.39%

    Turnout: all 76.97% · promoters 100.00% · institutions 99.69% · other public 7.53%

  3. TO APPROVE CONTINUATION OF DIRECTORSHIP OF MR. ANIL KUMAR AS A NON-EXECUTIVE DIRECTOR OF THE COMPANY.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.45%

    Turnout: all 76.97% · promoters 100.00% · institutions 99.69% · other public 7.53%

  4. TO ENTER INTO RELATED PARTY TRANSACTIONS.
    OrdinaryPromoters have an interest in it
    99.36% for0.64% against

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

    Turnout: all 2.00% · promoters 0.00% · institutions 99.69% · other public 7.53%

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.

Annual general meeting, 19 Sep 2024, 9 resolutions

Present: 12 promoters and 26 others.The company's voting result (opens in a new tab)

  1. To adopt Financial Statements.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.35% · promoters 100.00% · institutions 52.18% · other public 5.04%

  2. To declare Dividend
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.35% · promoters 100.00% · institutions 52.18% · other public 5.04%

  3. To re-appoint Mr. Sachit Jain as a director liable to retire by rotation.
    OrdinaryPromoters have an interest in it
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.11%

    Turnout: all 76.35% · promoters 100.00% · institutions 52.18% · other public 5.04%

  4. To re-appoint Mr. Shri Paul Oswal as a director liable to retire by rotation.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 76.35% · promoters 100.00% · institutions 52.18% · other public 5.04%

  5. To ratify remuneration payable to Cost Auditors for the Financial Year ending 31st March, 2025.
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.12%

    Turnout: all 76.35% · promoters 100.00% · institutions 52.18% · other public 5.04%

  6. To enter into Related Party Transactions.
    OrdinaryPromoters have an interest in it
    95.36% for4.64% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.12%

    Turnout: all 1.38% · promoters 0.00% · institutions 52.18% · other public 5.04%

  7. To approve annual remuneration payable to a single non-executive director in excess of the limit of 50% of the total annual remuneration payable to all non - executive directors.
    Special
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.20%

    Turnout: all 76.35% · promoters 100.00% · institutions 52.18% · other public 5.04%

  8. To approve continuation of directorship of Mr. Shri Paul Oswal as a Non-Executive Director of the Company.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 76.35% · promoters 100.00% · institutions 52.18% · other public 5.04%

  9. To approve continuation of directorship of Mr. Bhooshan Lal Uppal as a Non-Executive Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.89%

    Turnout: all 76.35% · promoters 100.00% · institutions 52.18% · 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, 18 May 2024, 1 resolution

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

  1. To appoint Mr. Bal Krishan Choudhary as a Non-Executive Non-Independent Director designated as the Vice- Chairman of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 16.22%

    Turnout: all 75.15% · promoters 100.00% · institutions 50.33% · 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, 24 Dec 2023, 2 resolutions

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

  1. To appoint Mr. Sanjeev Jain as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.18%

    Turnout: all 75.03% · promoters 100.00% · institutions 0.00% · other public 0.23%

  2. To appoint Mr. Vivek Gupta as a Whole Time Director of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.50%

    Turnout: all 75.03% · promoters 100.00% · institutions 0.00% · other public 0.23%

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, 30 Sep 2023, 6 resolutions

Present: 12 promoters and 34 others.The company's voting result (opens in a new tab)

  1. To adopt Financial Statements
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.76% · promoters 100.00% · institutions 93.60% · other public 6.67%

  2. To declare Dividend
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.76% · promoters 100.00% · institutions 93.60% · other public 6.67%

  3. To re-appoint Mrs. Suchita Jain as a director liable to retire by rotation
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.85%

    Turnout: all 76.76% · promoters 100.00% · institutions 93.60% · other public 6.67%

  4. To appoint Mr. Sandeep Kapur as an Independent Director of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.85%

    Turnout: all 76.76% · promoters 100.00% · institutions 93.60% · other public 6.67%

  5. To enter into Related Party Transactions
    OrdinaryPromoters have an interest in it
    99.23% for0.77% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.83%

    Turnout: all 1.78% · promoters 0.00% · institutions 93.60% · other public 6.64%

  6. To ratify remuneration payable to Cost Auditors for the Financial Year ending 31st March, 2024
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.76% · promoters 100.00% · institutions 93.60% · other public 6.67%

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.