VL E-Governance & IT Solutions MD, chairman, board of directors and AGM
NSE: VLEGOVBSE: 543958IT - ServicesSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹8.15.
- 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.
- ₹81 Cr2,589th 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 22 May 2026
- 1.8
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- 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 10 Aug 2026
- −5.3%
- 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 10 Aug 2026
- −5.7%
- 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 22 May 2026
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 8,49,08562.1% delivered
VL E-Governance & IT Solutions 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
- Managing directorSANJAY NANDWANA
- Company Secretary and Compliance OfficerParth Solanki
5 directors4 independent1 executive
- SANJAY NANDWANA · Managing directorExecutive · joined Mar 2025 · 1 listed board · 1 committee seat
- HARI MOHANIndependent · joined Dec 2024 · 22 months as independent · 1 listed board · 1 as independent
- ANOOP KUMAR AGRAWALIndependent · joined Dec 2024 · 22 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- CHANDRA KAILASH VISHWAKARMAIndependent · joined Dec 2024 · 22 months as independent · 1 listed board · 1 as independent · 1 committee seat
- TANU SURENDRA SHUKLAIndependent · joined Jun 2023 · 40 months as independent · 1 listed board · 1 as independent · 1 committee seat, 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.
6 directors who left
- NISHIKANT KISHANRAO HAYATNAGARKAR, left 5 Sep 2026: Others
- DINESH NANDWANA, left 31 Jan 2025: Others
- YOGESH DNYANDEO KHARATE, left 10 Dec 2024: Others
- VISHAL CHALIA, left 10 Dec 2024: Others
- AMIT KEVAL SABARWAL, left 4 Dec 2024: Others
- SANJEEVKUMAR TARACHAND BOHRA, left 4 Dec 2024: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 10 Aug 20266 of 6 present4 independent · 71 days in between
- 30 May 20266 of 6 present4 independent · 8 days in between
- 21 May 20266 of 6 present4 independent
Audit Committee
Chair ANOOP KUMAR AGRAWAL
CHANDRA KAILASH VISHWAKARMA
- 10 Aug 20263 of 3 present2 independent · 71 days in between
- 30 May 20263 of 3 present2 independent · 8 days in between
- 21 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair HARI MOHAN
ANOOP KUMAR AGRAWAL, CHANDRA KAILASH VISHWAKARMA
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair TANU SURENDRA SHUKLA
SANJAY NANDWANA
No meeting listed in the filing.
Risk Management Committee
Chair SANJAY NANDWANA
TANU SURENDRA SHUKLA
- 10 Aug 20262 of 3 present0 independent
Corporate Social Responsibility Committee
Chair SANJAY NANDWANA
TANU SURENDRA SHUKLA
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 Jun 2026.
- BKG and AssociatesPeer-review certificate valid to Mar 2028
1 earlier auditor
- BKG AssociatesNamed in filings from Jun 2025 to Dec 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.
VL E-Governance & IT Solutions 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.VL E-Governance & IT Solutions share news and announcements
Annual general meeting, 24 Sep 2026
1,34,642 shareholders on the register on 17 Sep 2026; present: 2 promoters and 32 others; votes counted by Kalpana Srinivasan / CS Kalpana Srinivasan.The company's voting result (opens in a new tab)
- Approval for adoption of the Audited Standalone Financial Statement of the Company for the Financial Year ended 31st March, 2026 and the reports of the Board of Directors and Auditors thereonOrdinary99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 9.03%
Turnout: all 27.32% · promoters 90.42% · institutions 86.21% · other public 0.18%
- Approval for appointment of Mr. Sanjay Nandwana (DIN: 03565954) as a Managing Director liable to retire by rotationOrdinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 11.00%
Turnout: all 27.32% · promoters 90.42% · institutions 86.21% · other public 0.18%
- Approval of material related party transaction with Vakrangee LimitedOrdinaryPromoters have an interest in it99.77% for0.23% against
Against: promoters 0.00% · institutions 0.00% · other public 11.40%
Turnout: all 6.31% · promoters 0.00% · institutions 86.21% · other public 0.18%
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
1,39,872 shareholders on the register on 22 Sep 2025; present: 0 promoters and 38 others; votes counted by Kalpana Srinivasan / Kalpana Srinivasan.The company's voting result (opens in a new tab)
To receive, consider, approve and adopt the Audited Standalone Financial Statements of the company for the financial year ended March 31, 2025, together with the Report of Board of Directors and Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.28%
Turnout: all 29.76% · promoters 99.31% · institutions 74.80% · other public 0.45%
- To appoint Dr. Nishikant Kishanrao Hayatnagarkar (DIN: 00062638), who retires by rotation and being eligible, offers himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.36%
Turnout: all 29.79% · promoters 99.31% · institutions 75.14% · other public 0.45%
- Approval of Material Related Party Transactions with Vakrangee LimitedOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.29%
Turnout: all 29.79% · promoters 99.31% · institutions 75.14% · other public 0.45%
- Appointment of Ms. Kalpana Srinivasan, Practicing Company Secretary as Secretarial Auditor of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.27%
Turnout: all 29.79% · promoters 99.31% · institutions 75.14% · other public 0.45%
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.
Postal ballot, 19 Jun 2025, 2 resolutions
1,41,741 shareholders on the register on 16 May 2025; votes counted by Mehul Raval / Mehul Raval.The company's voting result (opens in a new tab)
- Appointment of Mr. Sanjay Nandwana (DIN: 03565954), as Director of the Company.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.16%
Turnout: all 31.37% · promoters 99.23% · institutions 77.47% · other public 1.78%
- Appointment of Mr. Sanjay Nandwana (DIN: 03565954), as Managing Director of the Company.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.16%
Turnout: all 31.37% · promoters 99.23% · institutions 77.47% · other public 1.78%
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, 2 Mar 2025, 5 resolutions
1,40,294 shareholders on the register on 24 Jan 2025; votes counted by MEHUL RAVAL / MEHUL.The company's voting result (opens in a new tab)
- Appointment of Mr. Nishikant Kishanrao Hayatnagarkar (DIN:00062638), as Executive Director of the company.Special98.46% for1.54% against
Against: promoters 0.00% · institutions 6.30% · other public 0.19%
Turnout: all 33.62% · promoters 99.23% · institutions 86.16% · other public 2.78%
- Appointment of Mr. Hari Mohan (DIN:08671182), as an Independent Director of the Company.Special99.57% for0.43% against
Against: promoters 0.00% · institutions 1.27% · other public 2.20%
Turnout: all 33.62% · promoters 99.23% · institutions 86.16% · other public 2.78%
- Appointment of Mr. Chandra Kailash Vishwakarma (DIN: 10864745), as an Independent Director of the Company.Special99.57% for0.43% against
Against: promoters 0.00% · institutions 1.27% · other public 2.24%
Turnout: all 33.62% · promoters 99.23% · institutions 86.16% · other public 2.78%
- Appointment of Mr. Anoop Kumar Agrawal (DIN: 07508525), as an Independent Director of the Company.Special99.57% for0.43% against
Against: promoters 0.00% · institutions 1.27% · other public 2.24%
Turnout: all 33.62% · promoters 99.23% · institutions 86.16% · other public 2.78%
- Approval of Material Related Party Transactions of the Company.OrdinaryPromoters have an interest in it99.88% for0.12% against
Against: promoters 0.00% · institutions 0.00% · other public 2.98%
Turnout: all 33.15% · promoters 99.23% · institutions 86.16% · other public 2.08%
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 2024, 3 resolutions
Present: 4 promoters and 48 others.The company's voting result (opens in a new tab)
To receive, consider, approve and adopt the Audited Standalone Financial Statements of the company for the financial year ended March 31, 2024, together with the Report of Board of Directors and Auditors thereonMoreLess
Ordinary99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 33.90% · promoters 100.00% · institutions 77.76% · other public 2.29%
- To appoint Mr. Amit Keval Sabarwal (DIN: 06478938), who retires by rotation and being eligible, offers himself for re-appointmentOrdinary99.55% for0.45% against
Against: promoters 0.00% · institutions 2.16% · other public 0.44%
Turnout: all 33.93% · promoters 100.00% · institutions 78.18% · other public 2.29%
- To ratify change in designation of Mr. Dinesh Nandwana (DIN: 00062532) from Whole Time Director to ‘Chairman & Managing Director’ of the Company.SpecialPromoters have an interest in it99.55% for0.45% against
Against: promoters 0.00% · institutions 2.16% · other public 0.24%
Turnout: all 33.28% · promoters 97.45% · institutions 78.18% · other public 2.29%
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, 3 Apr 2024, 3 resolutions
The company's voting result (opens in a new tab)
- Increase in Authorished Share Capital and Consequent Alteration in Capital Clause if the Memorandum of Association of the CompanyOrdinary98.44% for1.56% against
Against: promoters 0.00% · institutions 9.34% · other public 0.64%
Turnout: all 41.99% · promoters 100.00% · institutions 83.02% · other public 3.33%
- To consider and approve Preferential Allotment of up to 8,40,00,000 Convertible Warrants to the Non-Promoter CategorySpecial98.68% for1.32% against
Against: promoters 0.00% · institutions 7.85% · other public 0.76%
Turnout: all 41.98% · promoters 100.00% · institutions 83.02% · other public 3.32%
- Alteration in object Clause of the company and consequent Alteration in Object Clause of the Memorandum of Association of the CompanySpecial99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 0.75%
Turnout: all 41.98% · promoters 100.00% · institutions 83.02% · other public 3.32%
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 Sep 2026.
- Tax disputeCommissioner of Income Tax AppealsSince 30 Apr 2025Under Appeal
- Tax disputeGST - State of RajasthanSince 1 Apr 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
- No
- 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
- Yes
- 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 Mar 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. 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.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesJan 2025, checked by Care Ratings Limited | 4.01 | Execution of Large scale e Governance projects | 0.30 | 0.00 | No |
| Preferential IssuesJan 2025, checked by Care Ratings Limited | 4.01 | Expansion of business | 0.50 | 0.00 | No |
| Preferential IssuesJan 2025, checked by Care Ratings Limited | 4.01 | Strategic Investment | 0.75 | 0.00 | No |
| Preferential IssuesJan 2025, checked by Care Ratings Limited | 4.01 | Working Capital for existing and new projects | 0.76 | 0.00 | No |
| Preferential IssuesJan 2025, checked by Care Ratings Limited | 4.01 | Repayment of Unsecured Loans or Creditors | 0.70 | 0.67 | No |
| Preferential IssuesJan 2025, checked by Care Ratings Limited | 4.01 | General Corporate Purpose | 1.00 | 0.03 | No |