V Marc India MD, chairman, board of directors and AGM

NSE: VMARCINDIndustrial Products

₹262.80₹23.40 (8.18%)

Share price at the NSE close on 23 Oct 2026. Previous close ₹286.20.

52-week range of traded prices to 23 Oct 2026

₹87.67Low, 29 Jan 2026₹406.00High, 24 Aug 2026

Under NSE's long-term additional surveillance, stage I, on the list for 23 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.

Market cap: ₹3,851 Cr
P/E: 38.5
P/B: 13.3
Dividend yield: Nonein the last 12 months
ROE: 41.8%
Debt to equity: 0.74
Volume, NSE: 3,36,000

V Marc India 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 directorVIKAS GARG
Company Secretary and Compliance OfficerAnuj Ahluwalia

6 directors3 independent2 executive1 non-executive

VIKAS GARG · Chairperson and managing directorExecutive · joined Mar 2014 · 150 months as independent · 1 listed board · 2 committee seats
MEENAKSHI GARGNon-executive · joined Mar 2014 · 150 months as independent · 1 listed board · 1 committee seat, 1 as chair
DEEPAK PRABHAKAR TIKLEExecutive · joined Nov 2022 · 46 months as independent · 1 listed board
RANJEET KUMAR TIBREWALIndependent · joined Apr 2023 · 40 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
SHAILESH KUMAR AGRAWALIndependent · joined Mar 2026 · 7 months as independent · 1 listed board · 1 as independent · 2 committee seats
NEHA RASTOGIIndependent · joined Jul 2026 · 3 months as independent · 2 listed boards · 2 as independent · 1 committee seat

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
- 26 Aug 20265 of 6 present3 independent · 13 days in between
- 12 Aug 20265 of 6 present3 independent · 34 days in between
- 8 Jul 20265 of 5 present2 independent · 57 days in between
- 11 May 20265 of 5 present2 independent
Audit Committee
Chair RANJEET KUMAR TIBREWAL
VIKAS GARG, SHAILESH KUMAR AGRAWAL
- 26 Aug 20263 of 3 present2 independent · 13 days in between
- 12 Aug 20263 of 3 present2 independent · 34 days in between
- 8 Jul 20263 of 3 present2 independent · 57 days in between
- 11 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair SHAILESH KUMAR AGRAWAL
RANJEET KUMAR TIBREWAL, MEENAKSHI GARG
- 25 Aug 20263 of 3 present2 independent · 13 days in between
- 11 Aug 20263 of 3 present2 independent · 34 days in between
- 7 Jul 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair MEENAKSHI GARG
VIKAS GARG, SHAILESH KUMAR AGRAWAL
No meeting listed in the filing.
Risk Management Committee
Chair DEEPAK PRABHAKAR TIKLE
SHAILESH KUMAR AGRAWAL, NEHA RASTOGI, D.K BANSAL
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair DEEPAK PRABHAKAR TIKLE
VIKAS GARG, SHAILESH KUMAR AGRAWAL
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 2025.

RAJEEV SINGHAL & COPeer-review certificate valid to Aug 2027

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.

V Marc 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.V Marc India share news and announcements

Annual general meeting, 25 Sep 2026

3,862 shareholders on the register on 18 Sep 2026; present: 2 promoters and 70 others; votes counted by Komal / Komal & Associates.The company's voting result (opens in a new tab)

To receive, consider and adopt the Audited Consolidated and Standalone financial statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereonMoreLess
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 67.40% · promoters 100.00% · institutions 0.00% · other public 7.21%
To appoint Director in place of Mr. Vikas Garg (DIN:5268238) who retires by roatation and being eligible, offers himself for re-appointment
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 15.84% · promoters 20.51% · institutions 0.00% · other public 7.20%
RATIFICATION OF REMUNERATION OF M/S PINKI & ASSOCIATES , COST ACCOUNTANTS, (FIRM REGISTRATION NO 007250) APPOINTED AS "COST AUDITORS" OF THE COMPANY FOR FINANCIAL YEAR ENDING MARCH 31, 2027.
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 67.40% · promoters 100.00% · institutions 0.00% · other public 7.21%
REVISION OF REMUNERATION OF MR. DEEPAK PRABHAKAR (DIN:09756849), EXECUTIVE & NON INDEPENDENT DIRECTOR.
Ordinary
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.21%
Turnout: all 67.36% · promoters 100.00% · institutions 0.00% · other public 7.08%
REVISION IN REMUNERATION OF MR. VIKAS GARG (DIN:05268238) , CHAIRMAN & MANAGING DIRECTOR.
OrdinaryPromoters have an interest in it
99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 0.28%
Turnout: all 15.84% · promoters 20.51% · institutions 0.00% · other public 7.21%
TO CONSIDER AND APPROVE THE ENCHANCEMENT IN LIMITS UNDER SECTION 180(1) (A) OF THE COMPANIES ACT 2013.
Special
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.20%
Turnout: all 67.41% · promoters 100.00% · institutions 0.00% · other public 7.23%
TO CONSIDER AND APPROVE THE ENHANCEMENT IN LIMITS UNDER SECTION 180(1) (C) OF THE COMPANIES ACT 2013.
Special
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.20%
Turnout: all 67.41% · promoters 100.00% · institutions 0.00% · other public 7.23%
APPROVAL FOR APPOINTMENT OF MRS. NEHA RASTOGI (DIN:07591711) AS AN INDEPENDENT DIRECTOR OF THE COMPANY
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 67.40% · promoters 100.00% · institutions 0.00% · other public 7.20%
MIGRATION OF COMPANY FROM SME PLATFORM OF NSE LIMITED TO MAIN BOARD OF NSE LIMITED AND DIRECT LISTING OF THE MAIN BAORD PLATFORM OF BSE LIMITED.
Special
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 67.42% · promoters 100.00% · institutions 0.00% · other public 7.25%
APPROVAL FOR RELATED PARTY TRANSACTION
SpecialPromoters have an interest in it
99.47% for0.53% against
Against: promoters 0.00% · institutions 0.00% · other public 0.53%
Turnout: all 2.50% · promoters 0.01% · institutions 0.00% · other public 7.12%
APPROVAL FOR RELATED PARTY TRANSACTION.
SpecialPromoters have an interest in it
99.67% for0.33% against
Against: promoters 0.00% · institutions 0.00% · other public 0.33%
Turnout: all 2.50% · promoters 0.01% · institutions 0.00% · other public 7.12%

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, 29 Jun 2026, 3 resolutions

3,097 shareholders on the register on 22 May 2026; votes counted by KOMAL / Komal & Associates.The company's voting result (opens in a new tab)

TO APPROVE INCREASE IN AUTHORISED SHARE CAPITAL AND CONSEQUENT ALTERATION OF CAPITAL CLAUSE OF THE MEMORANDUM OF ASSOCIATION (MOA) OF THE COMPANY
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · other public 0.00%
Turnout: all 67.46% · promoters 100.00% · other public 7.37%
APPROVAL FOR ISSUE OF BONUS SHARES BY WAY OF CAPITALISATION OF SECURITIES PREMIUM ACCOUNT OR OTHER PERMISSIBLE RESERVES
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · other public 0.00%
Turnout: all 67.46% · promoters 100.00% · other public 7.37%
APPROVAL FOR APPOINTMENT OF DR. SHAILESH KUMAR AGRAWAL (DIN: 11622405) AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · other public 0.00%
Turnout: all 67.46% · promoters 100.00% · other public 7.37%

Dealings with its subsidiaries, promoters, directors and their firms, reported every half-year.Promoters and their stake

Half-year to Mar 2026: ₹79.2 Cr20 dealings, 2 loans and advances
Half-year to Sep 2025: ₹32.3 Cr14 dealings

Between	Dealing
V-Marc India Limited and V-Marc Electricals Private LimitedEnterprise that have a member of Key management in common with the reporting enterprise	Purchase of goods or services	50.00	70.24	−1.94	6.15
V-Marc India Limited and V-Marc Electricals Private LimitedEnterprise that have a member of Key management in common with the reporting enterprise	Any other transactionJob Work Charges	7.50	4.80	0.00	0.00
V-Marc India Limited and V-Marc Electricals Private LimitedEnterprise that have a member of Key management in common with the reporting enterprise	Sale of goods or services	20.00	1.47	0.00	0.00
V-Marc India Limited and Vikas GargEnterprise that have a member of Key management in common with the reporting enterprise	Remuneration	2.00	1.44	0.15	0.00
V-Marc India Limited and Deepak Prabhakar TikleEnterprise that have a member of Key management in common with the reporting enterprise	Remuneration	0.50	0.38	0.02	0.03
V-Marc India Limited and Divya BansalEnterprise that have a member of Key management in common with the reporting enterprise	Remuneration	0.60	0.24	0.00	0.03
V-Marc India Limited and Sanjiv kumarEnterprise that have a member of Key management in common with the reporting enterprise	Remuneration	0.50	0.16	0.03	0.00
V-Marc India Limited and Anuj AlhuwaliaEnterprise that have a member of Key management in common with the reporting enterprise	Remuneration	0.15	0.12	₹90,000	0.01
V-Marc India Limited and V-Marc Electricals Private LimitedEnterprise that have a member of Key management in common with the reporting enterprise	Any other transactionRent Paid	0.10	0.08	0.00	0.00
V-Marc India Limited and V-Marc Defence and Areospace LimitedEnterprise that have a member of Key management in common with the reporting enterprise	LoanLoan at 9.00%, 4 months, unsecured, Business purpose	5.00	0.05	0.00	0.05
V-Marc India Limited and Anjali Deepak TikleEnterprise that have a member of Key management in common with the reporting enterprise	Any other transactionConsultation Charges	0.05	0.05	0.00	0.00
V-Marc India Limited and Jyoti Divya BansalEnterprise that have a member of Key management in common with the reporting enterprise	Any other transactionConsultation Charges	0.05	0.04	0.00	0.00
V-Marc India Limited and Vanshika GargEnterprise that have a member of Key management in common with the reporting enterprise	Any other transactionSalary	0.12	0.03	0.00	0.00
V-Marc India Limited and V-Marc Electricals Private LimitedEnterprise that have a member of Key management in common with the reporting enterprise	Any other transactionCorporate Guarantee Charges	0.10	0.02	0.02	0.02
V-Marc India Limited and Ranjeet Kumar TibrewalEnterprise that have a member of Key management in common with the reporting enterprise	Any other transactionSitting fees	0.04	0.02	0.00	0.00
V-Marc India Limited and Meenakshi GargEnterprise that have a member of Key management in common with the reporting enterprise	Any other transactionSitting fees	0.04	0.02	₹68,000	0.00
V-Marc India Limited and V-Marc Defence and Areospace LimitedEnterprise that have a member of Key management in common with the reporting enterprise	Interest receivedLoan at 9.00%, 4 months, unsecured, Business purpose	5.00	0.02	0.00	0.02
V-Marc India Limited and Raj Kumar PandeyEnterprise that have a member of Key management in common with the reporting enterprise	Any other transactionSitting fees	0.04	0.02	0.00	0.00
V-Marc India Limited and V-Marc Electricals Private LimitedEnterprise that have a member of Key management in common with the reporting enterprise	Any other transactionRent Received	₹60,000	₹60,000	0.00	0.00
V-Marc India Limited and V-Marc Defence and Areospace LimitedEnterprise that have a member of Key management in common with the reporting enterprise	Any other transactionRent Received	0.01	₹30,000	0.00	₹40,000

The 20 largest of 20 dealings in the half-year to Mar 2026, ₹ crore.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

Tax disputeOffice of Additional Commissioner (Departmental) Uttarakhand (State Goods and Services Tax Department)Since 4 Jun 2026
Ongoing

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: 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. A statement's amounts are left out where the raise it states is more than ten times everything the company owns, a figure typed at the wrong scale.

Raised	Amount raised	For	Set aside	Spent	Spent elsewhere	Reason and comments
Preferential IssuesOct 2024	–	To meet the long-term fund requirements of the company, for expansion of business, General Corporate purpose or such other objects, as the board may from time to time decide in the best interest of the Company.	–	–	No	NO

₹ 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.

V Marc India board of directors

Committees and meetings

Board

Audit Committee

Nomination and remuneration committee

Stakeholders Relationship Committee

Risk Management Committee

Corporate Social Responsibility Committee