Veritas (India) MD, chairman, board of directors and AGM
BSE: 512229Chemicals & PetrochemicalsSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹144.85.
- 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.
- ₹396 Cr1,897th 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.
- Lossover the last 12 months
- 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 28 May 2026
- 0.1
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.03%
- 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 12 Aug 2026
- 0.0%
- 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 12 Aug 2026
- 0.8%
- 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 28 May 2026
- 0.15
- Volume, BSEVolume. Shares traded on the last trading day.
- 4,029
Veritas (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 directorParesh V Merchant
- Company Secretary and Compliance OfficerAmit A. Chavan
6 directors3 independent2 executive1 non-executive
- Paresh V Merchant · Chairperson and managing directorExecutive · joined Dec 2023 · reappointed Dec 2023 · 3 listed boards · 4 committee seats, 1 as chair
- Arun S. AgarwalExecutive · joined Aug 2024 · reappointed Aug 2024 · 1 listed board · 2 committee seats
- Sunil SehgalNon-executive · joined Nov 2025 · reappointed Nov 2025 · 1 listed board
- Rohinton Eruch ShroffIndependent · joined Feb 2023 · reappointed Feb 2023 · 40 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 3 as chair
- Bhagyashri DixitIndependent · joined Aug 2025 · reappointed Aug 2025 · 10 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Jayaramakrishnan KannanIndependent · joined Feb 2026 · reappointed Feb 2026 · 4 months as independent · 5 listed boards · 5 as independent · 4 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.
4 directors who left
- Vijay Haridas Shah, left 5 Feb 2026: Others
- Virat Dantwala, left 13 Nov 2025: Others
- Deepak Mane, left 13 Aug 2025: Others
- Purvi Matani, left 13 Dec 2024: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 28 May 20265 of 6 present2 independent · 111 days in between
- 5 Feb 20265 of 6 present3 independent
Audit Committee
Chair Rohinton Eruch Shroff
Jayaramakrishnan Kannan, Arun S. Agarwal
- 28 May 20263 of 3 present2 independent · 111 days in between
- 5 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Rohinton Eruch Shroff
Bhagyashri Dixit, Sunil Sehgal
- 28 May 20262 of 3 present1 independent · 111 days in between
- 5 Feb 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Rohinton Eruch Shroff
Bhagyashri Dixit, Arun S. Agarwal
- 5 Feb 20263 of 3 present2 independent
Risk Management Committee
Chair Rohinton Eruch Shroff
Bhagyashri Dixit, Paresh V Merchant
- 5 Feb 20263 of 3 present2 independent
Corporate Social Responsibility Committee
Chair Rohinton Eruch Shroff
Bhagyashri Dixit, Paresh V Merchant
- 28 May 20262 of 3 present1 independent · 111 days in between
- 5 Feb 20263 of 3 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.
- Shabbir & Rita Associates LLPPeer-review certificate valid to Feb 2028
1 earlier auditor
- Shabbir & Rita Associate LLPNamed 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.
Veritas (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.Veritas (India) dividend history
Annual general meeting, 3 Sep 2026
6,702 shareholders on the register on 28 Aug 2026; present: 1 promoter and 78 others; votes counted by Mr. Jignesh M. Pandya / M/s. Jignesh M. Pandya & Co..The company's voting result (opens in a new tab)
- Adoption of IND AS compliant Audited Standalone and Consolidated Financial Statements for the Financial Year 2025-26.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 55.14% · promoters 100.00% · institutions 0.00% · other public 0.39%
- Declaration of Dividend of ? 0.05 per Equity Share of face value of ? 1/- each for the Financial Year 2025-26.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 55.14% · promoters 100.00% · institutions 0.00% · other public 0.39%
- Re-appointment of Mr. Paresh V. Merchant (DIN: 00660027) as a Director, who retires by rotation and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.85%
Turnout: all 55.14% · promoters 100.00% · institutions 0.00% · other public 0.39%
- Re-appointment of Mr. Paresh V. Merchant (DIN: 00660027) as Managing Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.85%
Turnout: all 55.14% · promoters 100.00% · institutions 0.00% · other public 0.39%
- Approval of Material Related Party Transactions of subsidiaries of the Company.OrdinaryPromoters have an interest in it61.47% for38.53% against
Against: promoters 0.00% · institutions 0.00% · other public 38.53%
Turnout: all 0.14% · promoters 0.00% · institutions 0.00% · other public 0.39%
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 disputeGST AppealSince 17 May 2025UNDER APPEAL
- Tax disputeINCOME TAX - CIT APPEALSince 19 Apr 2024UNDER APPEAL
- Tax disputeINCOME TAX - CIT APPEALSince 19 Apr 2024UNDER APPEAL
- Tax disputeINCOME TAX - CIT APPEALSince 7 Apr 2025UNDER APPEAL
- Tax disputeINCOME TAX - APPEAL IN HIGH COURTSince 29 Aug 2019APPEAL FILED BY DEPT-PR. COMMNR. INCOME TAX IN HIGH COURT
- Tax disputeINCOME TAX - CIT APPEALSince 18 Aug 2021UNDER APPEAL
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
- Yes
- 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
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.