VMS Industries MD, chairman, board of directors and AGM
BSE: 533427Transport InfrastructureSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹16.90.
- 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.
- ₹42 Cr3,298th 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.
- Earlier quarters restated in the year
- 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 28 May 2026
- 0.4
- 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
- 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 12 Aug 2026
- −0.9%
- 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 28 May 2026
- 0.30
- Volume, BSEVolume. Shares traded on the last trading day.
- 30,327
VMS Industries 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 directorMANOJ KUMAR JAIN
- Company Secretary and Compliance OfficerHEMAL PATEL
6 directors3 independent2 executive1 non-executive
- MANOJ KUMAR JAIN · Chairperson and managing directorExecutive · joined Sep 2014 · 60 months as independent · 2 listed boards · 2 committee seats
- SANGEETA JAINExecutive · joined Sep 2014 · 60 months as independent · 1 listed board · 1 committee seat
- KHYATI SHAHIndependent · joined Sep 2024 · 60 months as independent · 6 listed boards · 6 as independent · 1 committee seat, 4 as chair
- DHWANI NAGARIndependent · joined May 2025 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- VINOD RANAIndependent · joined Sep 2024 · 60 months as independent · 3 listed boards · 3 as independent · 7 committee seats, 4 as chair
- VARUN MANOJKUMAR JAINNon-executive · joined Sep 2026 · 60 months as independent · 3 listed boards · 2 committee seats
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.
1 director who left
- MURARI AGARWAL, left 17 Jul 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 27 Aug 20265 of 5 present3 independent · 14 days in between
- 12 Aug 20265 of 5 present3 independent · 8 days in between
- 3 Aug 20265 of 5 present3 independent · 50 days in between
- 13 Jun 20265 of 5 present3 independent
Audit Committee
Chair VINOD RANA
DHWANI NAGAR, KHYATI SHAH, MANOJ KUMAR JAIN
- 12 Aug 20264 of 4 present3 independent · 75 days in between
- 28 May 20264 of 4 present3 independent
Nomination and remuneration committee
Chair KHYATI SHAH
VINOD RANA, DHWANI NAGAR
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair DHWANI NAGAR
KHYATI SHAH, SANGEETA JAIN
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair MANOJ KUMAR JAIN
SANGEETA JAIN, DHWANI NAGAR
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.
- S N SHAH & AssociatesPeer-review certificate valid to Oct 2027
2 earlier auditors
- S N SHAH AND ASSOCIATESNamed in the filing for the quarter to Jun 2025
- S N SHAH& 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.
VMS Industries 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.VMS Industries dividend history
Annual general meeting, 28 Sep 2026
21,911 shareholders on the register on 21 Sep 2026; present: 8 promoters and 40 others; votes counted by UMESH VED / UMESH VED AND ASSOCIATES.The company's voting result (opens in a new tab)
- Adoption of the Audited Standalone Financial Statements for the financial year ended 31 March 2026, together with the Reports of the Board of Directors and the Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · other public 0.07%
Turnout: all 100.00% · promoters 100.00% · other public 100.00%
- Re-appointment of Mrs. Sangeeta Jain (DIN: 00125273), who retires by rotation and, being eligible, offers herself for re-appointment.OrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · other public 0.30%
Turnout: all 100.00% · promoters 100.00% · other public 100.00%
Re-appointment of M/s S N SHAH & Associates, Chartered Accountants (FRN: 109782W), as Statutory Auditors from the conclusion of the 34th AGM until the conclusion of the 35th AGM, and fixing their remuneration.MoreLess
Ordinary99.06% for0.94% againstAgainst: promoters 0.00% · other public 18.81%
Turnout: all 100.00% · promoters 100.00% · other public 100.00%
Approval of related party transactions with Aditya Ultra Steel Limited up to Rs. 100 crore during FY 2026-27 and thereafter, subject to the limits, approvals, duration and terms specified in the Notice and applicable law.MoreLess
OrdinaryPromoters have an interest in it99.05% for0.95% againstAgainst: promoters 0.00% · other public 19.01%
Turnout: all 100.00% · promoters 100.00% · other public 100.00%
Approval of related party transactions with VMS TMT Limited up to Rs. 100 crore during FY 2026-27 and thereafter, subject to the limits, approvals, duration and terms specified in the Notice and applicable law.MoreLess
OrdinaryPromoters have an interest in it99.06% for0.94% againstAgainst: promoters 0.00% · other public 18.82%
Turnout: all 100.00% · promoters 100.00% · other public 100.00%
- Ratification of remuneration payable to M/s Anuj Aggarwal & Co., Cost Accountants (FRN: 102409), for auditing the Company's cost records for FY 2026-27.Ordinary99.99% for0.01% against
Against: promoters 0.00% · other public 0.29%
Turnout: all 100.00% · promoters 100.00% · other public 100.00%
- Appointment of Mr. Varun Manojkumar Jain (DIN: 03502561) as a Non-Executive Director of the CompanySpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · other public 0.09%
Turnout: all 100.00% · promoters 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.
Tax disputes
Reported in the filing for the quarter to Sep 2026.
- Tax disputeCommissioner of Income tax for AY 2019-20Since 10 Apr 2024Submission made pending for adjudciationAt the filing before: Pending before CIT for Adjudication
- Tax disputeAssement Unit Income Tax Department AY 2019-20Since 22 Mar 2024Submission made pending for adjudciationAt the filing before: Abeyance Pending Appeal
- Tax disputeNational Faceless Appeallate Center CIT Appeal AY 2014-15Since 27 Jun 2023Final Order pendingAt the filing before: Application file for DTBS 2024
- Tax disputeAssement Unit Income Tax Department AY 2014-15Since 25 Oct 2023Submission made pending for adjudciation
- Tax disputeNational Faceless Appeallate Center CIT Appeal AY 2010-11Since 26 Apr 2019Submission made pending for adjudciation
- Tax disputeNational Faceless Appeallate Center CIT Appeal AY 2011-12Since 21 Apr 2018Submission made pending for adjudciation
- Tax disputeNational Faceless Appeallate Center CIT Appeal AY 2015-16Since 6 Jan 2018Submission made pending for adjudciation
- Tax disputeJoint Commissioner, Central GST, Bhavnagar FY 2024-25Since 31 Mar 2026Submission made pending for adjudciation before appellate authority
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
- 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.