Vital Chemtech logo

Vital Chemtech MD, chairman, board of directors and AGM

NSE: VITALChemicals & PetrochemicalsSmall Cap

Last close ₹46.21down ₹1.94 (4.03%)

Share price at the NSE close on 23 Oct 2026. Previous close ₹48.15.

52-week range of traded prices to 23 Oct 2026
₹35.40Low, 23 Mar 2026₹69.40High, 16 Apr 2026
Market cap
₹111 Cr2,731st largest listed
P/E
No recent results
P/B
No recent results
Dividend yield
Nonein the last 12 months
Volume, NSE
12,56798.3% delivered

Vital Chemtech 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 directorVipul Jatashanker Bhatt

6 directors3 independent2 executive1 non-executive

  • Vipul Jatashanker Bhatt · Chairperson and managing directorExecutive · joined Nov 2021 · 1 listed board · 2 committee seats
  • Jay Vipul BhattExecutive · joined Nov 2021 · 1 listed board
  • Sangeeta Vipul BhattNon-executive · joined Nov 2021 · 1 listed board
  • Deepakkumar Kushalchandra ChaubisaIndependent · joined Jun 2022 · 48 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Ajay Kumar AgrawalIndependent · joined Mar 2025 · 15 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Vivek Dinesh NathwaniIndependent · joined May 2025 · 13 months as independent · 3 listed boards · 3 as independent · 3 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.

Committees and meetings

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

  • Board

    • 29 May 20266 of 6 present3 independent · 61 days in between
    • 28 Mar 20266 of 6 present3 independent · 3 days in between
    • 24 Mar 20266 of 6 present3 independent · 17 days in between
    • 6 Mar 20266 of 6 present3 independent

  • Audit Committee

    Chair Ajay Kumar Agrawal

    Deepakkumar Kushalchandra Chaubisa, Vipul Jatashanker Bhatt

    • 29 May 20263 of 3 present2 independent · 65 days in between
    • 24 Mar 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Deepakkumar Kushalchandra Chaubisa

    Vivek Dinesh Nathwani, Ajay Kumar Agrawal

    • 24 Mar 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Vivek Dinesh Nathwani

    Deepakkumar Kushalchandra Chaubisa, Vipul Jatashanker Bhatt

    • 29 May 20263 of 3 present2 independent · 65 days in between
    • 24 Mar 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.

  • M/s. Abhishek Kumar & AssociatesPeer-review certificate valid to Jul 2028

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.

Vital Chemtech 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.Vital Chemtech dividend history

Annual general meeting, 28 Sep 2026

2,175 shareholders on the register on 21 Sep 2026; present: 7 promoters and 19 others; votes counted by Anjali Sangtani / SCS & CO LLP.The company's voting result (opens in a new tab)

  1. To consider and adopt; a) The Audited Standalone Financial Statement of the Company for the Financial Year ended on March 31, 2026 and the report of the Board of Directors and Auditors thereon; and b) The Audited Consolidated Financial Statement of the Company for the Financial Year ended on March 31, 2026 and the report of Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.88% · promoters 100.00% · institutions 0.00% · other public 5.81%

  2. To appoint a director in place of Mr. Jay Bhatt (DIN: 09363173), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.88% · promoters 100.00% · institutions 0.00% · other public 5.81%

  3. To ratify the remuneration payable to M/s. R J & Associates, Cost Accountants (Firm Registration Number: 004690) Cost Auditor of the Company for the Financial Year ended on March 31, 2027.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.88% · promoters 100.00% · institutions 0.00% · other public 5.81%

  4. To ratify the appointment of M/s. SCS and CO. LLP, Practicing Company Secretaries, as the Secretarial Auditor of the Company for a first term of Five consecutive years from the Financial Year 2025-26 to the Financial Year 2029-30.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.88% · promoters 100.00% · institutions 0.00% · other public 5.81%

  5. Approval of Material Related Party Transactions with Vital Synthesis Limited for the Financial year 2026-27.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 1.45% · promoters 0.00% · institutions 0.00% · other public 5.81%

  6. To consider & approve Re-Appointment of Mr. Vipul Bhatt (DIN: 06716658) as Chairman and Managing Director of the Company and payment of Remuneration.
    Special
    100.00% for0.00% against

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

    Turnout: all 74.88% · promoters 100.00% · institutions 0.00% · other public 5.81%

  7. To consider & approve Re-Appointment of Mr. Jay Bhatt (DIN: 09363173) as a Whole-Time Director of the Company and payment of Remuneration.
    Special
    100.00% for0.00% against

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

    Turnout: all 74.88% · promoters 100.00% · institutions 0.00% · other public 5.81%

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 2026, 1 resolution

2,069 shareholders on the register on 20 Mar 2026; votes counted by Mittal V. Kothari / Mittal V. Kothari & Associates.The company's voting result (opens in a new tab)

  1. To approve the appointment of M/s. SCS and Co. LLP, Practicing Company Secretaries, as the Secretarial Auditor of the Company for a first term of five consecutive years from the Financial Year 2025-26 to the Financial Year 2029-30.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 75.13% · promoters 100.00% · institutions 0.00% · other public 6.89%

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, 21 Dec 2025, 1 resolution

2,086 shareholders on the register on 14 Nov 2025; votes counted by Anjali Sangtani / SCS and Co. LLP.The company's voting result (opens in a new tab)

  1. To approve the migration of listing/trading of equity shares of the company from emerge platform of National Stock Exchange of India Limited (‘NSE’) to main board of National Stock Exchange of India Limited (‘NSE’) as well as on main board of BSE Limited (‘BSE’).MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 2.57% · promoters 0.00% · institutions 12.35% · other public 9.45%

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 2025, 10 resolutions

2,131 shareholders on the register on 20 Sep 2025; present: 7 promoters and 18 others; votes counted by Anjali Sangtani / SCS & CO LLP.The company's voting result (opens in a new tab)

  1. To consider and adopt; a) The Audited Standalone Financial Statement of the Company for the Financial Year ended on March 31, 2025 and the report of the Board of Directors and Auditors thereon; and b) The Audited Consolidated Financial Statement of the Company for the Financial Year ended on March 31, 2025 and the report of Auditors thereon. b) The Audited Consolidated Financial Statement of the Company for the Financial Year ended on March 31, 2025 and the report of Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.62% · promoters 100.00% · institutions 12.35% · other public 3.82%

  2. To appoint a director in place of Mrs. Sangeeta Vipul Bhatt (DIN: 06716704), 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 74.62% · promoters 100.00% · institutions 12.35% · other public 3.82%

  3. To ratify the remuneration payable to M/s. R J & Associates, Cost Accountants (Firm Registration Number: 004690) Cost Auditor of the Company for the Financial Year ended on March 31, 2026.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.62% · promoters 100.00% · institutions 12.35% · other public 3.82%

  4. To consider Appointment of Mr. Ajay Kusmar Agrawal (DIN: 05274908) as an Independent Director (Non-Executive Director) of the Company.
    Special
    100.00% for0.00% against

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

    Turnout: all 74.62% · promoters 100.00% · institutions 12.35% · other public 3.82%

  5. To consider Appointment of Mr. Vivek Dinesh Nathwani (DIN: 09791683) as an Independent Director (Non-Executive Director) of the Company.
    Special
    100.00% for0.00% against

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

    Turnout: all 74.62% · promoters 100.00% · institutions 12.35% · other public 3.82%

  6. To consider and approve the Change in Designation of Mrs. Sangeeta Vipul Bhatt (DIN: 06716704) from Whole Time Director to Non- Executive Director of the Company and approve the remuneration payable to her.MoreLess
    Special
    100.00% for0.00% against

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

    Turnout: all 74.62% · promoters 100.00% · institutions 12.35% · other public 3.82%

  7. Approval of Material Related Party Transactions with Vital Chemicals for the Financial year 2025-26.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 4.47% · promoters 0.00% · institutions 12.35% · other public 3.82%

  8. Approval of Material Related Party Transactions with Vital Synthesis Limited for the Financial year 2025-26.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 4.47% · promoters 0.00% · institutions 12.35% · other public 3.82%

  9. To approve Vital Employee Stock Option Scheme - 2025
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.53%

    Turnout: all 74.62% · promoters 100.00% · institutions 12.35% · other public 3.82%

  10. To Approve Extension of employee stock options under the Vital Employee Stock Option Scheme 2025 to the employees of any present or future group companies including subsidiary(ies) and/ or associate company(ies) in india or outside india, of the company as applicable.MoreLess
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.53%

    Turnout: all 74.62% · promoters 100.00% · institutions 12.35% · other public 3.82%

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 2024, 7 resolutions

Present: 7 promoters and 13 others.The company's voting result (opens in a new tab)

  1. To consider & adopt:na) The Audited Standalone Financial Statement of the Company for the Financial Year ended on March 31, 2024 and the report of the Board of Directors and Auditors thereon; andnb) The Audited Consolidated Financial Statement of the Company for the Financial Year ended on March 31, 2024 and the report of Auditors thereon.nMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.88% · promoters 100.00% · institutions 0.00% · other public 1.72%

  2. To declare a Dividend on equity shares for the Financial year ended March 31, 2024
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.88% · promoters 100.00% · institutions 0.00% · other public 1.72%

  3. To appoint a Director in place of Mr. Vipul Bhatt (DIN: 06716658), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.22%

    Turnout: all 73.88% · promoters 100.00% · institutions 0.00% · other public 1.72%

  4. To ratify the remuneration payable to M/s. R J & Associates, Cost Accountants (Firm Registration Number: 004690) Cost Auditor of the Company for the Financial Year ended on March 31, 2024.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.22%

    Turnout: all 73.88% · promoters 100.00% · institutions 0.00% · other public 1.72%

  5. To approve payment of Remuneration payable to Mr. Vipul Bhatt (DIN: 06716658 ), Chairman & Managing Director of the Company for his remaining term
    Special
    100.00% for0.00% against

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

    Turnout: all 73.88% · promoters 100.00% · institutions 0.00% · other public 1.72%

  6. To approve payment of Remuneration payable to Mr. Jay Bhatt (DIN: 09363173), Whole Time Director of the Company for his remaining term:
    Special
    100.00% for0.00% against

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

    Turnout: all 73.88% · promoters 100.00% · institutions 0.00% · other public 1.72%

  7. To approve payment of remuneration payable to Mrs. Sangeeta Vipul Bhatt (DIN: 06716704), Whole Time Director of the Company for her Remaining term
    Special
    100.00% for0.00% against

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

    Turnout: all 73.88% · promoters 100.00% · institutions 0.00% · other public 1.72%

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 2023, 5 resolutions

Present: 12 promoters and 28 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2023 and the reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.53% · promoters 100.00% · institutions 0.00% · other public 4.42%

  2. To declare final dividend on equity shares at the rate of 5% [i.e. 0.50/- (Rupees Fifty paisa only) per Equity Share of Face Value of Rs 10/- (Rupees Ten only)] for the financial year ended March 31, 2023.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 74.53% · promoters 100.00% · institutions 0.00% · other public 4.44%

  3. To appoint a Director in place of Mr. Jay Bhatt (DIN: 09363173) who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 74.53% · promoters 100.00% · institutions 0.00% · other public 4.44%

  4. Alteration of Articles of Association
    Special
    99.99% for0.01% against

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

    Turnout: all 74.53% · promoters 100.00% · institutions 0.00% · other public 4.44%

  5. To ratify the remuneration payable to M/s. R J & Associates, Cost Accountants (Firm Registration Number: 004690) Cost Auditor of the Company for the financial year ended on March 31, 2024.
    Special
    100.00% for0.00% against

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

    Turnout: all 74.53% · promoters 100.00% · institutions 0.00% · other public 4.44%

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.

Fines and tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyNational Stock Exchange of India LimitedSince 25 Jun 2026

    Fine levied for non-compliance with the provisions mentioned Regulation 29(1) under the SEBI LODR Regulations. Fine amount - Rs.11,800/ (incl. of GST) by NSE.

    The Company has delayed in complaince with prior intimation pursuant to regulation 29(1) w.r.t Board meeting dated May 29, 2026
  • Tax disputeGoods and Service Tax (GST)Since 19 Jan 2024
    The filed appeal as mentioned in previous disclosure is yet pending before the appellate Authority.
    At the filing before: Brief of the case:-The State Tax Officer has issued a Demand Order under Section 74 of the of CGST/ SGST/ IGST Act, for FY 2021-22, reflecting Tax Demand of Rs. 1.89 Crore including CGST, SGST, and IGST, along with interest and penalties. The Company had filed an appeal against the demand order through form GST APL-01 before the appellate authority on 24.06.2024. Status as per last disclosure- The appeal was pending before the appellate Authority.MoreLess
  • Tax disputeGoods and Service Tax (GST)Since 12 Jun 2024
    The filed appeal as mentioned in previous disclosure is yet pending before the appellate Authority.
    At the filing before: Brief of the case :- The Assistant Commissioner of State Tax, Government of Gujarat, issued a Show Cause Notice dated 12.06.2024 regarding a tax demand for the Financial Year 2020-21, amounting to Rs. 1.18 Crore. This demand includes CGST, SGST, IGST, along with applicable interest and penalties. The Company has submitted a response to the Show Cause Notice on 17.02.2025. Following the submission of a satisfactory reply, the Company received a Demand Order on 25.02.2025, under Section 73 of the CGST/SGST/IGST Act, for an amount of Rs. 10.92 Lakhs. The Company had filed an appeal against the demand order through form GST APL-01 before the appellate authority on 27.03.2025. Status as per last disclosure- The appeal was pending before the appellate Authority.MoreLess
  • Tax disputeGoods and Service Tax (GST)Since 22 May 2025
    The company has submitted reply as on 16-05-2026.The company is awaiting further communication from the concerned jurisdictional office.
    At the filing before: The Assistant Commissioner, Ahmedabad, issued a Show Cause Notice DRC 01A dated 22.05.2025 regarding a tax demand for the Financial Year 2021-22 aggregating to ₹2,05,02,421, comprising tax of ₹1,13,56,182, interest of ₹74,42,811, and penalty of ₹17,03,428, split across CGST, SGST, and IGST. The Company has submitted a response to the Show Cause Notice on 21.11.2025. Status as per last disclosure: - Department has issued DRC 01 Notice dated 07.04.2026 regarding demand of Rs 1,72,63,342 including tax , interest and penalty. The reply of the notice is pending from company's side.MoreLess
  • Tax disputeGoods and Service Tax (GST)Since 18 Dec 2025
    The filed appeal as mentioned in previous disclosure is yet pending before the appellate Authority.
    At the filing before: The case pertains to an Order passed under Section 73 of the CGST Act against Vital Chemtech LLP for the Financial Year 2021–22, pursuant to a Show Cause Notice dated 17.07.2025. The department alleged availment of ineligible Input Tax Credit (ITC), discrepancies in e-way bills, and non-compliance with Reverse Charge Mechanism (RCM) provisions. Based on departmental records and the submissions made, the Assistant Commissioner, Ahmedabad, confirmed a total demand of ₹78,71,332, comprising tax of ₹42,37,594, interest of ₹32,09,978, and penalty of ₹4,23,760 under the CGST, SGST, and IGST Acts. The Company filed an adjournment request against the Show Cause Notice on 20.10.2025. Subsequently, the Company submitted its first reply in Form DRC-06 on 26.11.2025 and a second reply on 02.12.2025. Despite the submission of replies, the Company received a Demand Order dated 18.12.2025 under Section 73 of the CGST/SGST/IGST Acts for an amount of ₹78,71,332. Status as per last disclosure: The Company has filed an appeal against the demand order (DRC-07) issued by the Office of the Assistant Commissioner of State Tax under Section 73 of the CGST/SGST/IGST Act, 2017.MoreLess
  • Tax disputeGoods and Service Tax (GST)Since 19 Aug 2025
    Post DRC-01A Department has issued SCN and the Company has filed its reply as on 16-06-2026.The company is awaiting further communication from the concerned jurisdictional office.
    At the filing before: The Company has received the Query Memo on 04.08.2025 regarding the GST audit of your books of account and records for the period from 2021-22 to 2023-24 [25-11-2021 to 31-03-2024] for Non-payment of tax liability of Rs.58,78,080/- [IGST-32,26,050/-, CGST-Rs.13,26,050/- & SGST-Rs.13,26,050/-] in respect of Sales Invoices issued by M/s. Vital Chemtech LLP for the period from 25-11-2021 to 30-11-2021 after conversion from Limited Liability Partnership to Limited Company. The company has submitted a reply on 05.08.2025 against the Query Memo regarding the GST audit. After submitting the reply by company, FAR dated 19.08.2025 issued by Office of the Commissioner of Central Tax Audit (Abd), GST ADT-02, U/S 65(6) of CGST/ SGST/ IGST Act, 2017. Status as per last disclosure: - Department has issued the DRC 01A dated 13.02.2026 and Company has filed the reply against this notice as on 02.03.2026.MoreLess

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

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
Yes
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.