Vardhman Holdings logo

Vardhman Holdings MD, chairman, board of directors and AGM

NSE: VHLBSE: 500439FinanceSmall Cap

Formerly Vardhman Spinning & General Mills
Last close ₹3,329.00down ₹240.10 (6.73%)BSE ₹3,347.10

Share price at the NSE close on 23 Oct 2026. Previous close ₹3,569.10.

52-week range of traded prices to 23 Oct 2026
₹2,870.00Low, 30 Mar 2026₹4,275.00High, 27 Oct 2025
Market cap
₹1,062 Cr1,447th largest listed
P/E
4.2
P/B
0.3
Dividend yield
0.15%
ROE
6.9%
ROCE
0.5%
Debt to equity
0.00
Volume, NSE
1,62250.7% delivered

Vardhman Holdings board of directors

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

  • Chairperson and managing directorSHRI PAUL OSWALRelated to the promoter
  • Company Secretary and Compliance OfficerSandeep

8 directors4 independent1 executive3 non-executive

  • SHRI PAUL OSWAL · Chairperson and managing directorExecutive · joined Apr 1971 · reappointed Aug 2025 · 3 listed boards · 3 committee seats, 3 as chair
  • SACHIT JAINNon-executive · joined Mar 2005 · reappointed Mar 2005 · 4 listed boards · 2 committee seats
  • SUCHITA JAINNon-executive · joined Mar 2005 · reappointed Mar 2005 · 4 listed boards · 5 committee seats, 1 as chair
  • VIKAS KUMARNon-executive · joined Nov 2016 · reappointed Nov 2016 · 1 listed board · 2 committee seats
  • DEVENDRABHUSHAN JAINIndependent · joined Sep 2022 · reappointed Sep 2022 · 48 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • MANJUL PAHWAIndependent · joined Sep 2022 · reappointed Sep 2022 · 48 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • PARAMPAL SINGHIndependent · joined Aug 2025 · reappointed Aug 2025 · 14 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • ANILA NAIRIndependent · joined Aug 2025 · reappointed Aug 2025 · 14 months as independent · 1 listed board · 1 as independent

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
  • POOJA MEHTA, left 28 Sep 2025: Tenure Completion
  • RAJEEV MITTAL, left 24 Sep 2025: Tenure Completion

Committees and meetings

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

  • Board

    • 6 Aug 20264 of 8 present3 independent · 74 days in between
    • 23 May 20264 of 8 present2 independent

  • Audit Committee

    Chair DEVENDRABHUSHAN JAIN

    MANJUL PAHWA, PARAMPAL SINGH

    • 6 Aug 20262 of 3 present2 independent · 75 days in between
    • 22 May 20262 of 3 present2 independent

  • Nomination and remuneration committee

    Chair DEVENDRABHUSHAN JAIN

    SACHIT JAIN, PARAMPAL SINGH

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair PARAMPAL SINGH

    SACHIT JAIN, VIKAS KUMAR

    No meeting listed in the filing.

  • Risk Management Committee

    Chair SACHIT JAIN

    PARAMPAL SINGH, VIKAS KUMAR

    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.

  • K.C. Khanna & Co.Peer-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.

Vardhman Holdings 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 Holdings dividend history

Annual general meeting, 17 Sep 2026

10,616 shareholders on the register on 10 Sep 2026; present: 16 promoters and 29 others; votes counted by Ashok Singla / Ashok K Singla & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2026, together with reports of Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.46% · promoters 100.00% · institutions 39.77% · other public 30.09%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026, together with report of Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.46% · promoters 100.00% · institutions 39.77% · other public 30.09%

  3. To declare a dividend of Rs. 5 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 0.02%

    Turnout: all 82.47% · promoters 100.00% · institutions 44.95% · other public 30.09%

  4. To appoint a Director in place of Mr. Vikas Kumar (DIN: 07650988), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.02%

    Turnout: all 82.36% · promoters 100.00% · institutions 44.95% · other public 29.63%

  5. To enter into Related Party Transactions.
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

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

    Turnout: all 7.46% · promoters 0.00% · institutions 44.95% · other public 29.63%

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

11,480 shareholders on the register on 17 Sep 2025; present: 16 promoters and 29 others; votes counted by Ashok Singla / Ashok K Singla & Associates.The company's voting result (opens in a new tab)

  1. 1a. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2025, together with reports of Board of Directors and Auditors thereon.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.99%

    Turnout: all 75.42% · promoters 100.00% · institutions 39.68% · other public 1.90%

  2. 1b. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025, together with report of Auditors thereon.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.99%

    Turnout: all 75.42% · promoters 100.00% · institutions 39.68% · other public 1.90%

  3. To declare a dividend of Rs. 5 per equity share for the year ended 31st March, 2025.
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 63.30% · other public 0.99%

    Turnout: all 75.42% · promoters 100.00% · institutions 39.68% · other public 1.90%

  4. 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 32.47% · other public 1.29%

    Turnout: all 75.42% · promoters 100.00% · institutions 44.85% · other public 1.90%

  5. To re-appoint Mr. Shri Paul Oswal as Managing Director of the Company.
    SpecialPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 67.53% · other public 0.99%

    Turnout: all 75.42% · promoters 100.00% · institutions 44.85% · other public 1.90%

  6. To appoint Dr. Parampal Singh as an Independent Director of the Company.
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 75.72% · other public 0.99%

    Turnout: all 75.42% · promoters 100.00% · institutions 44.85% · other public 1.90%

  7. To appoint Mrs. Anila Nair as an Independent Director of the Company.
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 31.24% · other public 1.29%

    Turnout: all 75.42% · promoters 100.00% · institutions 44.85% · other public 1.90%

  8. To appoint M/s Khanna Ashwani & Associates, Practicing Company Secretaries, as Secretarial Auditors of the Company for a term of five (5) consecutive years.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 26.19% · other public 0.99%

    Turnout: all 75.40% · promoters 100.00% · institutions 19.73% · other public 1.90%

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, 3 resolutions

Present: 16 promoters and 31 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 1.03%

    Turnout: all 75.27% · promoters 100.00% · institutions 20.86% · other public 1.28%

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

    Against: promoters 0.00% · institutions 0.00% · other public 1.03%

    Turnout: all 75.28% · promoters 100.00% · institutions 23.14% · other public 1.28%

  3. To re-appoint Mrs. Suchita Jain as a director liable to retire by rotation.n
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 10.92% · other public 1.03%

    Turnout: all 75.28% · promoters 100.00% · institutions 23.14% · other public 1.28%

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.

Annual general meeting, 30 Sep 2023, 4 resolutions

Present: 16 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 0.49%

    Turnout: all 75.24% · promoters 100.00% · institutions 2.34% · other public 1.33%

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

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

    Turnout: all 75.25% · promoters 100.00% · institutions 2.93% · other public 1.33%

  3. To re-appoint Mr. Vikas Kumar as a director liable to retire by rotation
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 22.31% · other public 0.05%

    Turnout: all 75.25% · promoters 100.00% · institutions 2.93% · other public 1.33%

  4. To resolve not to fill the vacancy caused due to retirement by rotation of Mrs. Shakun Oswal, Non-Executive Director of the Company
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 75.25% · promoters 100.00% · institutions 2.93% · other public 1.33%

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 2022, 9 resolutions

Present: 16 promoters and 27 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 0.41%

    Turnout: all 75.20% · promoters 100.00% · institutions 2.43% · other public 1.13%

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

    Against: promoters 0.00% · institutions 0.00% · other public 0.31%

    Turnout: all 75.21% · promoters 100.00% · institutions 3.73% · other public 1.13%

  3. To re-appoint Mr. Sachit Jain as a director liable to retire by rotation
    OrdinaryPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.31%

    Turnout: all 75.21% · promoters 100.00% · institutions 3.73% · other public 1.13%

  4. Appointment of M/s. K.C. Khanna & Co., Chartered Accountants, as Statutory Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.41%

    Turnout: all 75.21% · promoters 100.00% · institutions 3.73% · other public 1.13%

  5. To re-appoint Mr. Shri Paul Oswal as Managing Director of the Company
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 20.24% · other public 0.31%

    Turnout: all 75.21% · promoters 100.00% · institutions 3.73% · other public 1.13%

  6. Re-appointment of Mr. Rajeev Kumar Mittal as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.41%

    Turnout: all 75.21% · promoters 100.00% · institutions 3.73% · other public 1.13%

  7. To appoint Dr. Pooja Mehta as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.55%

    Turnout: all 75.21% · promoters 100.00% · institutions 3.73% · other public 1.13%

  8. To appoint Mr. Devendra Bhushan Jain as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.55%

    Turnout: all 75.21% · promoters 100.00% · institutions 3.73% · other public 1.13%

  9. To appoint Mr. Manjul Pahwa as an Independent Director of the Company
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 79.76% · other public 0.41%

    Turnout: all 75.21% · promoters 100.00% · institutions 3.73% · other public 1.13%

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, 28 Sep 2021, 4 resolutions

Present: 16 promoters and 21 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 1.26%

    Turnout: all 74.96% · promoters 100.00% · institutions 0.00% · other public 0.29%

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

    Against: promoters 0.00% · institutions 0.00% · other public 1.21%

    Turnout: all 74.96% · promoters 100.00% · institutions 0.00% · other public 0.29%

  3. To re-appoint Mrs. Suchita Jain 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 1.92%

    Turnout: all 74.96% · promoters 100.00% · institutions 0.00% · other public 0.29%

  4. To resolve not to fill the vacancy caused due to retirement by rotation of Mr. Chaman Lal Jain, Non- Executive Director of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.23%

    Turnout: all 74.96% · promoters 100.00% · institutions 0.00% · other public 0.28%

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.

Annual general meeting, 28 Sep 2020, 6 resolutions

Present: 16 promoters and 24 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 7.47%

    Turnout: all 74.93% · promoters 100.00% · institutions 0.00% · other public 0.16%

  2. To re-appoint Mr. Vikas Kumar as a directornliable to retire by rotation
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 74.93% · promoters 100.00% · institutions 0.00% · other public 0.16%

  3. To re-appoint Mrs. Shakun Oswal as a directornliable to retire by rotation
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.47%

    Turnout: all 74.93% · promoters 100.00% · institutions 0.00% · other public 0.16%

  4. To re-appoint Mr. Sanjeev Jain as an independentndirector of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 74.93% · promoters 100.00% · institutions 0.00% · other public 0.16%

  5. To approve continuation of directorship ofnMr. Jagdish Rai Singal as a Non-Executive Director of thenCompany
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 74.93% · promoters 100.00% · institutions 0.00% · other public 0.16%

  6. To approve continuation of directorship of Mrs.nShakun 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 7.47%

    Turnout: all 74.93% · promoters 100.00% · institutions 0.00% · other public 0.16%

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 2019, 6 resolutions

Present: 16 promoters and 26 others.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statements
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.96% · promoters 100.00% · institutions 0.00% · other public 0.30%

  2. Declaration of Dividend
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.96% · promoters 100.00% · institutions 0.00% · other public 0.30%

  3. Appointment of Mr. Sachit Jain 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 1.16%

    Turnout: all 74.96% · promoters 100.00% · institutions 0.00% · other public 0.30%

  4. Appointment of Mrs. Suchita Jain 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 1.16%

    Turnout: all 74.96% · promoters 100.00% · institutions 0.00% · other public 0.30%

  5. Appointment of Statutory Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.16%

    Turnout: all 74.96% · promoters 100.00% · institutions 0.00% · other public 0.30%

  6. To re-appoint Mr. S.P. Oswal as the Managing Director of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.16%

    Turnout: all 74.96% · promoters 100.00% · institutions 0.00% · other public 0.30%

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
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
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.