Vintage Coffee and Beverages logo

Vintage Coffee and Beverages MD, chairman, board of directors and AGM

NSE: VINCOFEBSE: 538920Agricultural Food & other ProductsSmall Cap

Last close ₹150.04down ₹4.93 (3.18%)BSE ₹150.40

Share price at the NSE close on 23 Oct 2026. Previous close ₹154.97.

52-week range of traded prices to 23 Oct 2026
₹120.24Low, 16 Mar 2026₹191.35High, 24 Sep 2026
Market cap
₹2,198 Cr1,140th largest listed
P/E
27.9
P/B
3.9
Dividend yield
0.10%
ROE
18.1%
ROCE
14.8%
Debt to equity
0.22
Volume, NSE
11,74,67347.1% delivered

Vintage Coffee and Beverages board of directors

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

  • Chairperson and managing directorBalakrishna Tati
  • Company Secretary and Compliance OfficerPrachi Karwa

8 directors4 independent2 executive2 non-executive

  • Balakrishna Tati · Chairperson and managing directorExecutive · joined Jul 2021 · reappointed Jul 2024 · 1 listed board
  • Mohit RathiNon-executive · joined Jul 2021 · reappointed Jul 2026 · 1 listed board
  • Ajay PooniaIndependent · joined Jul 2021 · 62 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Vishal JethaliaNon-executive · joined Sep 2023 · 1 listed board
  • PreetiIndependent · joined Sep 2023 · 36 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 3 as chair
  • Sanjiban Brata RoyIndependent · joined May 2024 · reappointed May 2026 · 28 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Sai Teja TatiExecutive · joined Mar 2025 · 1 listed board
  • Pushpa JoshiIndependent · joined May 2025 · 16 months as independent · 7 listed boards · 7 as independent · 5 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.

2 directors who left
  • Bala Vinod Sudam, left 7 Mar 2025: Others
  • Padma Tati, left 6 Mar 2025: Others

Committees and meetings

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

  • Board

    • 4 Sep 20268 of 8 present4 independent · 36 days in between
    • 29 Jul 20267 of 8 present4 independent · 52 days in between
    • 6 Jun 20268 of 8 present4 independent · 15 days in between
    • 21 May 20268 of 8 present4 independent · 4 days in between
    1 earlier meeting
    • 16 May 20268 of 8 present4 independent

  • Audit Committee

    Chair Ajay Poonia

    Sanjiban Brata Roy, Preeti

    • 4 Sep 20263 of 3 present3 independent · 36 days in between
    • 29 Jul 20263 of 3 present3 independent · 68 days in between
    • 21 May 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair Ajay Poonia

    Sanjiban Brata Roy, Preeti

    • 4 Sep 20263 of 3 present3 independent · 110 days in between
    • 16 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Sanjiban Brata Roy

    Ajay Poonia, Preeti

    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.

  • Bhalotia & AssociatesPeer-review certificate valid to Jun 2027
1 earlier auditor
  • S. Bhalotia & AssociatesNamed 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.

Vintage Coffee and Beverages 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.Vintage Coffee and Beverages dividend history

Annual general meeting, 30 Sep 2026

50,608 shareholders on the register on 23 Sep 2026; present: 10 promoters and 55 others; votes counted by Vivek Surana / M/s. Vivek Surana & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statements (Standalone and Consolidated) along with Report of the 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 55.91% · promoters 100.00% · institutions 74.64% · other public 19.59%

  2. Declaration of final dividend on the equity shares.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 55.91% · promoters 100.00% · institutions 74.64% · other public 19.59%

  3. Re-Appointment of Mr. Vishal Jethalia as Non-Executive 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 0.00%

    Turnout: all 55.91% · promoters 100.00% · institutions 74.64% · other public 19.59%

  4. Appointment of M/S. Sreedar Mohan & Associates as Statutory Auditors of the Company.
    Ordinary
    83.25% for16.75% against

    Against: promoters 0.00% · institutions 84.55% · other public 0.00%

    Turnout: all 55.91% · promoters 100.00% · institutions 74.64% · other public 19.59%

  5. Increase in remuneration of Mr. Balakrishna Tati (Din: 02181095), Chairman And Managing Director of the Company.
    SpecialPromoters have an interest in it
    86.28% for13.72% against

    Against: promoters 0.00% · institutions 69.10% · other public 0.16%

    Turnout: all 55.91% · promoters 100.00% · institutions 74.64% · other public 19.59%

  6. Re-Appointment of Mr. Balakrishna Tati (Din: 02181095) as Chairman and Managing Director of the Company.
    SpecialPromoters have an interest in it
    88.86% for11.14% against

    Against: promoters 0.00% · institutions 56.20% · other public 0.00%

    Turnout: all 55.91% · promoters 100.00% · institutions 74.64% · other public 19.59%

  7. Increase in remuneration of Mr. Sai Teja Tati (Din: 09494526), Whole-Time Director of the Company.
    SpecialPromoters have an interest in it
    86.57% for13.43% against

    Against: promoters 0.00% · institutions 67.62% · other public 0.16%

    Turnout: all 55.91% · promoters 100.00% · institutions 74.64% · other public 19.59%

  8. To approve Vintage Coffee and Beverages Limited - Employee Stock Option Scheme 2026 (‘VCBL ESOS- 2026').
    Special
    83.24% for16.76% against

    Against: promoters 0.00% · institutions 84.55% · other public 0.05%

    Turnout: all 55.91% · promoters 100.00% · institutions 74.64% · other public 19.59%

  9. Modification of the Objects of the Preferential Issue mentioned in the EGM notice dated 04.07.2025 and subsequent updation to it vide Company’s letter dated 21.08.2025.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 55.91% · promoters 100.00% · institutions 74.64% · other public 19.59%

  10. Issue of upto 42,00,000 Convertible Warrants to Promoters and Promoter Group on Preferential Basis.
    SpecialPromoters have an interest in it
    83.44% for16.56% against

    Against: promoters 0.00% · institutions 83.52% · other public 0.05%

    Turnout: all 55.91% · promoters 100.00% · institutions 74.64% · other public 19.59%

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.

Extraordinary general meeting, 14 Aug 2026, 2 resolutions

49,473 shareholders on the register on 7 Aug 2026; present: 9 promoters and 41 others; votes counted by Mr. Vivek Surana / M/s Vivek Surana & Associates.The company's voting result (opens in a new tab)

  1. Re-Appointment of Mr. Sanjiban Brata Roy (DIN: 08607188) as an Independent Director of the company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 38.31% · promoters 98.79% · institutions 6.06% · other public 6.30%

  2. Re-Appointment of Mr. Ajay Poonia (DIN: 07566017) as an Independent Director of the company.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 38.31% · promoters 98.79% · institutions 6.06% · other public 6.30%

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.

Annual general meeting, 29 Sep 2025, 4 resolutions

31,015 shareholders on the register on 22 Sep 2025; present: 8 promoters and 39 others; votes counted by Vivek Surana / Vivek Surana & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statements along with Report of the 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 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  2. Declaration of Final Dividend on the Equity Shares of the Company
    Ordinary
    100.00% for0.00% against

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

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

  3. Re-Appointment of Mr. Mohit Rathi as a Non-Executive Non-Independent Director who is 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 0.01%

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

  4. To consider and approve the appointment of M/s. Vivek Surana & Associates as the Secretarial Auditors of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · 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.

Extraordinary general meeting, 30 Jul 2025, 3 resolutions

30,065 shareholders on the register on 23 Jul 2025; present: 7 promoters and 50 others; votes counted by Nuren Lodaya / Nuren Lodaya & Associates.The company's voting result (opens in a new tab)

  1. To consider and approve Increase in Authorised Share Capital of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 99.99%

  2. To consider and approve Issue of Equity Shares on a preferential basis to the Non-Institutional and Qualified Institutional Buyers under the Non-Promoter Category
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 99.99%

  3. To consider and approve Issue of Convertible Warrants to the Promoter / Promoter Group Category and Non-Institutional Buyers under the Non-Promoter Category
    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 100.00% · 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.

Extraordinary general meeting, 20 Jun 2025, 3 resolutions

21,374 shareholders on the register on 13 Jun 2025; present: 9 promoters and 38 others; votes counted by Vivek Surana / Vivek Surana & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Sai Teja Tati (DIN: 09494526) as Director of the Company
    OrdinaryPromoters have an interest in it
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.88% · other public 0.00%

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

  2. Appointment of Mr. Sai Teja Tati (DIN: 09494526) as a Whole-time Director of the Company
    OrdinaryPromoters have an interest in it
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.88% · other public 0.00%

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

  3. Appointment of Mrs. Pushpa Joshi (DIN: 06838093) as an Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · 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.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 30 Sep 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Adoption of Financial Statements (Standalone and Consolidated) along with Report of the Board of Directors and Auditors thereon.
    2 for0 against
  • Declaration of final dividend on the equity shares.
    2 for0 against
  • Re-Appointment of Mr. Vishal Jethalia as Non-Executive Director, liable to retire by rotation.
    2 for0 against
  • Appointment of M/S. Sreedar Mohan & Associates as Statutory Auditors of the Company.
    Against SBI Mutual Fund
    • SBI Mutual FundSreedar Mohan & Associates will replace S. Bhalotia & Associates, who complete their four-year term at this AGM. S. Bhalotia & Associates were appointed at the 2022 AGM. The aggregate fee paid to them for FY26 was Rs. 0.1 mn. The proposed audit fee for Sreedar Mohan & Associates is Rs. 0.8 mn for FY27, including tax audit, plus applicable taxes and out-of-pocket expenses. The Board will set the fee for the rest of their term on the Audit Committee's recommendation. The company attributes the material increase in proposed fee to the expanded scope and complexity of the audit and the larger scale of operations. Although, the proposed fee is commensurate with the size of the business, the company has not explained why the auditor appointment is for a term of two years, when Section 139(1) of the Companies Act, 2013 requires a five-year term. We do not support the resolution.
    1 for1 against
  • Increase in remuneration of Mr. Balakrishna Tati (Din: 02181095), Chairman And Managing Director of the Company.
    2 for0 against
  • Re-Appointment of Mr. Balakrishna Tati (Din: 02181095) as Chairman and Managing Director of the Company.
    2 for0 against
  • Increase in remuneration of Mr. Sai Teja Tati (Din: 09494526), Whole-Time Director of the Company.
    2 for0 against
  • To approve Vintage Coffee and Beverages Limited - Employee Stock Option Scheme 2026 (‘VCBL ESOS- 2026').
    Against SBI Mutual Fund
    • SBI Mutual FundVCBL ESOS- 2026 has a pool size of 3,000,000 resulting in an overall dilution of ~2.0% on the expanded capital base. As per the plan the exercise price shall be determined by the Nomination and Remuneration Committee (NRC) and options granted shall vest not earlier than one year and not later than five years from the date of grant. The NRC is empowered to implement and decide the vesting schedule to suit the needs of the organization. Stock options are ‘pay at risk’ options that employees accept at the time of grant, which is protected if the ESOPs are issued at significant discount. Issuance of stock options at a significant discount (>20%) to market price does not align the interests of shareholders with those of employees unless the options vest based on clear performance based parameters. In case of VCBL ESOS- 2026, there is no clarity on the exercise price. Therefore, in the absence of clarity and vesting not linked to performance criteria, we are unable to support the resolution.
    1 for1 against
  • Modification of the Objects of the Preferential Issue mentioned in the EGM notice dated 04.07.2025 and subsequent updation to it vide Company’s letter dated 21.08.2025.
    1 for0 against
  • Issue of upto 42,00,000 Convertible Warrants to Promoters and Promoter Group on Preferential Basis.
    Against SBI Mutual Fund
    • SBI Mutual FundShareholders approved the issue of 2.4 mn warrants at Rs. 124.0 each (Rs. 297.6 mn) at the EGM on 30 July 2025. Of the 1.9 mn warrants allotted on 11 September 2025, 0.8 mn were converted by a promoter on 7 July 2026. The remaining 1.1 mn warrants, of which 1.0 mn are held by promoters, are due for conversion by 11 March 2027.The company now seeks approval for a fresh warrant issue to promoters, for capital expenditure, working capital and general corporate purposes. It has not explained the need for further funding while earlier warrants remain unconverted. Notwithstanding, we do not support the issue of warrants to promoters. Warrants allow promoters to benefit from stock price movements over an 18-month period, while bringing in only 25% of the issue price upfront. The balance 75% is payable at the time of conversion. If promoters choose not to convert, this could materially affect the company's funding plans. We encourage promoters to participate through a preferential issue of equity shares, where the full amount is brought in upfront. We do not support the resolution.
    1 for1 against
1 proposal not matched to one resolution
  • To approve/confirm/ratify the variation in utilisation of Rs. 12.05 crore out of the proceeds raised through the preferential issue of equity shares, from the originally stated object of making investments in the Company's wholly owned subsidiary namely, Vintage Coffee Private Limited for capital expenditure, including improvement to existing plant and machineries and purchase and installation of new plant and machinery, to acquisition of land for setting up a unit for manufacturing of Freeze-Dried Instant Coffee in the name of Vintage Coffee and Beverages Limited.MoreLess
    1 for0 against

Mutual fund votes, meeting of 14 Aug 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)

  • Re-Appointment of Mr. Sanjiban Brata Roy (DIN: 08607188) as an Independent Director of the company
    2 for0 against
  • Re-Appointment of Mr. Ajay Poonia (DIN: 07566017) as an Independent Director of the company.
    2 for0 against
3 earlier meetings

Mutual fund votes, meeting of 29 Sep 2025, 1 fund house

  • Adoption of Financial Statements along with Report of the Board of Directors and Auditors thereon
    1 for0 against
  • Declaration of Final Dividend on the Equity Shares of the Company
    1 for0 against
  • Re-Appointment of Mr. Mohit Rathi as a Non-Executive Non-Independent Director who is liable to retire by rotation
    1 for0 against
  • To consider and approve the appointment of M/s. Vivek Surana & Associates as the Secretarial Auditors of the Company
    1 for0 against

Mutual fund votes, meeting of 30 Jul 2025, 1 fund house

  • To consider and approve Increase in Authorised Share Capital of the Company
    1 for0 against
  • To consider and approve Issue of Equity Shares on a preferential basis to the Non-Institutional and Qualified Institutional Buyers under the Non-Promoter Category
    1 for0 against
  • To consider and approve Issue of Convertible Warrants to the Promoter / Promoter Group Category and Non-Institutional Buyers under the Non-Promoter Category
    1 for0 against

Mutual fund votes, meeting of 20 Jun 2025, 1 fund house

  • Appointment of Mr. Sai Teja Tati (DIN: 09494526) as Director of the Company
    1 for0 against
  • Appointment of Mr. Sai Teja Tati (DIN: 09494526) as a Whole-time Director of the Company
    1 for0 against
  • Appointment of Mrs. Pushpa Joshi (DIN: 06838093) as an Independent Director of the Company
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

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

At most 1 complaint open, quarter to Sep 2025.
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.

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.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesSep 2025, checked by Infomerics Valuation and Rating Limited183.89To make investments in the Company's wholly owned subsidiary (WOS) for capital expenditure i.e., to make improvisation to existing plant and machineries as well as Purchase and Installation of New Plant & Machinery, etc.95.7095.70No
Preferential IssuesSep 2025, checked by Infomerics Valuation and Rating Limited183.89To meet working capital requirements for on-going and future projects for the company and wholly owned subsidiary (WOS)31.7231.72No
Preferential IssuesSep 2025, checked by Infomerics Valuation and Rating Limited183.89To meet expenses related to the Issue10.5010.50No
Preferential IssuesSep 2025, checked by Infomerics Valuation and Rating Limited183.89For general corporate purposes of the Company45.9745.97No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.