VSF Projects logo

VSF Projects MD, chairman, board of directors and AGM

BSE: 519331ConstructionSmall Cap

Last close ₹31.95down ₹0.05 (0.16%)

Share price at the BSE close on 23 Oct 2026. Previous close ₹32.00.

52-week range of traded prices to 23 Oct 2026
₹28.25Low, 2 Apr 2026₹52.44High, 2 Dec 2025
Market cap
₹53 Cr3,266th largest listed
P/E
Lossover the last 12 months
P/B
0.5
Dividend yield
Nonein the last 12 months
ROE
−0.5%
ROCE
−0.5%
Debt to equity
0.86
Volume, BSE
129

VSF Projects board of directors

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

  • Chairperson and managing directorNARAYANA MURTHY BOBBA
  • Company Secretary and Compliance OfficerP LENIN BABU

6 directors3 independent3 executive

  • NARAYANA MURTHY BOBBA · Chairperson and managing directorExecutive · joined Jun 1992 · reappointed Feb 2025 · 1 listed board
  • VIJAYA LAKSHMI BOBBAExecutive · joined Apr 2007 · reappointed Feb 2025 · 1 listed board
  • LAKSHMI NARASIMHA CHOWDARY BOBBAExecutive · joined Feb 2016 · reappointed Feb 2025 · 1 listed board · 2 committee seats
  • RAMESH BABU NEMANIIndependent · joined Nov 2021 · 55 months as independent · 4 listed boards · 4 as independent · 8 committee seats, 5 as chair
  • SRIRAMSHETTY SRINIVASA RAOIndependent · joined Nov 2021 · 55 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • SUDHAKAR NAGABHAIRAVAIndependent · joined Dec 2024 · 18 months as independent · 1 listed board · 1 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.

3 directors who left
  • VEERA BRAHMA RAO AREKAPUDI, left 24 Dec 2024: Others
  • RESHMA KIRANMAYEE PULAPA, left 12 Nov 2024: Others
  • RAHUL PATIBANDLA, left 12 Nov 2024: Others

Committees and meetings

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

  • Board

    • 25 May 20265 of 6 present3 independent · 101 days in between
    • 12 Feb 20266 of 6 present3 independent
  • Audit Committee

    Chair RAMESH BABU NEMANI

    SRIRAMSHETTY SRINIVASA RAO, LAKSHMI NARASIMHA CHOWDARY BOBBA

    • 25 May 20263 of 3 present3 independent · 101 days in between
    • 12 Feb 20263 of 3 present3 independent
  • Nomination and remuneration committee

    Chair RAMESH BABU NEMANI

    SRIRAMSHETTY SRINIVASA RAO, SUDHAKAR NAGABHAIRAVA

    • 12 Feb 20263 of 3 present3 independent
  • Stakeholders Relationship Committee

    Chair SRIRAMSHETTY SRINIVASA RAO

    RAMESH BABU NEMANI, LAKSHMI NARASIMHA CHOWDARY BOBBA

    • 25 May 20263 of 3 present3 independent · 101 days in between
    • 12 Feb 20263 of 3 present3 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.

  • V D P & Co.,Peer-review certificate valid to Nov 2027
1 earlier auditor
  • N S V R & Associates LLPNamed 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.

VSF Projects 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.VSF Projects share news and announcements

Annual general meeting, 30 Sep 2026

9,118 shareholders on the register on 23 Sep 2026; present: 7 promoters and 38 others; votes counted by Mohit Gurjar / P.S. Rao & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Balance Sheet of the Company as at 31st March, 2026 and the Statement of Profit and Loss Account and Cash Flow Statement for the financial year ended on that date along with the Report of Directors and the Auditors thereon.MoreLess
    Ordinary
    98.77% for1.23% against

    Against: promoters 0.00% · institutions 42.92% · other public 0.00%

    Turnout: all 46.35% · promoters 80.00% · institutions 100.00% · other public 18.35%

  2. To appoint a director in the place Mrs. Vijaya Lakshmi Bobba, who retires by rotation and being eligible herself for reappointment.
    Ordinary
    98.77% for1.23% against

    Against: promoters 0.00% · institutions 42.92% · other public 0.00%

    Turnout: all 46.35% · promoters 80.00% · institutions 100.00% · other public 18.35%

  3. Re-Appointment of Mr. Ramesh Babu Nemani (DIN: 08089820) as a Non-Executive Independent Director for the second term
    Special
    98.77% for1.23% against

    Against: promoters 0.00% · institutions 42.92% · other public 0.00%

    Turnout: all 46.35% · promoters 80.00% · institutions 100.00% · other public 18.35%

  4. Re-Appointment of Mr. Sriramshetty Srinivasa Rao (DIN: 00895774) as a Non-Executive Independent Director for the second term
    Special
    98.77% for1.23% against

    Against: promoters 0.00% · institutions 42.92% · other public 0.00%

    Turnout: all 46.35% · promoters 80.00% · institutions 100.00% · other public 18.35%

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.

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 Dec 2024.
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 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 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
Rights IssuesJun 20240.49Funding capital expenditure expenses for Construction of Multi Product Free Trade Warehousing Zone (SEZ) with inland Container Depot.0.270.27No
Rights IssuesJun 20240.49Adjustment of Unsecured Loans against the Rights Entitlement of the Promoter0.110.11No
Rights IssuesJun 20240.49General Corporate Purposes0.110.11No
Rights IssuesJun 20240.49Expenses for the Issue0.010.01No
₹ 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.