Zim Laboratories logo

Zim Laboratories MD, chairman, board of directors and AGM

NSE: ZIMLABBSE: 541400Pharmaceuticals & BiotechnologySmall Cap

Last close ₹126.22down ₹5.90 (4.47%)BSE ₹126.60

Share price at the NSE close on 23 Oct 2026. Previous close ₹132.12.

52-week range of traded prices to 23 Oct 2026
₹59.31Low, 30 Mar 2026₹159.81High, 12 Oct 2026
Market cap
₹677 Cr1,933rd largest listed
P/E
183.2
P/B
2.3
Dividend yield
Nonein the last 12 months
ROE
1.3%
ROCE
1.8%
Debt to equity
0.42
Volume, NSE
1,16,71445.7% delivered

Zim Laboratories 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 directorAnwar DaudRelated to the promoter
  • Company Secretary and Compliance OfficerPiyush Nikhade

8 directors4 independent4 executive

  • Anwar Daud · Chairperson and managing directorExecutive · joined Jun 2002 · reappointed Aug 2022 · 1 listed board
  • Zulfiquar Murtuza KamalExecutive · joined Oct 2012 · reappointed Oct 2022 · 1 listed board · 1 committee seat
  • Niraj Pukhraj DhadiwalExecutive · joined Nov 2013 · reappointed Oct 2025 · 1 listed board
  • Prakash Pralahadrao SapkalExecutive · joined Nov 2013 · reappointed Oct 2025 · 1 listed board · 1 committee seat
  • Kavita LoyaIndependent · joined Sep 2017 · reappointed Sep 2022 · 108 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • Padmakar Shrinivas JoshiIndependent · joined Sep 2017 · reappointed Sep 2022 · 108 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Kamlesh Bajirao ShendeIndependent · joined Apr 2022 · reappointed Apr 2025 · 54 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Ashok BhatiaIndependent · joined Apr 2025 · reappointed Apr 2025 · 18 months as independent · 2 listed boards · 2 as independent

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 Sep 20268 of 8 present4 independent · 14 days in between
    • 11 Sep 20268 of 8 present4 independent · 35 days in between
    • 6 Aug 20268 of 8 present4 independent · 34 days in between
    • 2 Jul 20268 of 8 present4 independent · 43 days in between
    2 earlier meetings
    • 19 May 20268 of 8 present4 independent
    • 5 May 20267 of 8 present3 independent

  • Audit Committee

    Chair Kavita Loya

    Padmakar Shrinivas Joshi, Zulfiquar Murtuza Kamal

    • 2 Sep 20263 of 3 present2 independent · 27 days in between
    • 5 Aug 20263 of 3 present2 independent · 33 days in between
    • 2 Jul 20263 of 3 present2 independent · 44 days in between
    • 18 May 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Padmakar Shrinivas Joshi

    Kavita Loya, Ashok Bhatia, Anwar Daud

    • 11 Sep 20264 of 4 present3 independent · 75 days in between
    • 27 Jun 20264 of 4 present3 independent · 8 days in between
    • 18 Jun 20264 of 4 present3 independent · 29 days in between
    • 19 May 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Kavita Loya

    Kamlesh Bajirao Shende, Prakash Pralahadrao Sapkal

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Padmakar Shrinivas Joshi

    Kamlesh Bajirao Shende, Kavita Loya, Anwar Daud

    • 11 Sep 20264 of 4 present3 independent · 10 days in between

  • Corporate Social Responsibility Committee

    Chair Kamlesh Bajirao Shende

    Padmakar Shrinivas Joshi, Niraj Pukhraj Dhadiwal

    • 31 Aug 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.

  • Delloite Hasinks & Sells LLPPeer-review certificate valid to Jul 2027
1 earlier auditor
  • Walker Chandiok and Co 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.

Zim Laboratories 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.Zim Laboratories share news and announcements

Postal ballot, 11 Aug 2026

14,669 shareholders on the register on 3 Jul 2026; votes counted by Roshni Jethani / NA.The company's voting result (opens in a new tab)

  1. To approve the revision in remuneration structure and payment of remuneration to Dr. Anwar Daud, Managing Director (DIN: 00023529) of the Company.
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 48.25% · promoters 100.00% · institutions 79.12% · other public 24.58%

  2. To approve the revision in remuneration structure and payment of remuneration to Mr. Zulfiquar Kamal, Whole-Time Director (DIN: 01786763) of the Company.
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 48.25% · promoters 100.00% · institutions 79.12% · other public 24.58%

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 Jun 2026, 4 resolutions

15,156 shareholders on the register on 22 Jun 2026; present: 4 promoters and 51 others; votes counted by Ms. Roshni Jethani / N.A..The company's voting result (opens in a new tab)

  1. Consideration and Adoption of Audited Financial Statements of the Company for the Financial Year ended 31st March, 2025 and the report of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.00%

    Turnout: all 47.41% · promoters 100.00% · other public 24.51%

  2. To appoint a Director in place of Mr. Zulfiquar Kamal (DIN: 01786763), who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.00%

    Turnout: all 47.41% · promoters 100.00% · other public 24.51%

  3. To ratify the remuneration payable to M/s Dhananjay V. Joshi & Associates, Cost Auditors, for the Financial Year 2026-27
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.00%

    Turnout: all 47.41% · promoters 100.00% · other public 24.51%

  4. Approval for payment of remuneration to the Managing Director and Whole Time Director in case of absence or inadequacy of profits, as per Section II, Part II of Schedule V of the Companies Act, 2013
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.00%

    Turnout: all 47.41% · promoters 100.00% · other public 24.51%

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.

Extraordinary general meeting, 16 Feb 2026, 1 resolution

17,128 shareholders on the register on 9 Feb 2026; present: 6 promoters and 36 others; votes counted by Ms. Roshni Jethani / NA.The company's voting result (opens in a new tab)

  1. ISSUANCE OF EQUITY SHARES OF THE COMPANY BY WAY OF A PREFERENTIAL ISSUE ON A PRIVATE PLACEMENT BASIS
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 63.07% · promoters 100.00% · institutions 0.00% · other public 44.67%

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, 13 Nov 2025, 2 resolutions

17,614 shareholders on the register on 10 Oct 2025; votes counted by Roshni Jethani / NIL.The company's voting result (opens in a new tab)

  1. To re-appoint Mr. Niraj Dhadiwal (DIN: 02007428) as Whole-time Director of the Company.
    SpecialPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 45.80% · promoters 99.74% · institutions 1.08% · other public 18.96%

  2. To re-appoint Mr. Prakash Sapkal (DIN: 02007385) as Whole time Director of the Company
    SpecialPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 45.80% · promoters 99.74% · institutions 1.08% · other public 18.96%

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 Jun 2025, 8 resolutions

17,053 shareholders on the register on 20 Jun 2025; present: 5 promoters and 53 others; votes counted by Ms. Roshni Jethani / NA.The company's voting result (opens in a new tab)

  1. Consideration and Adoption of Audited Financial Statements of the Company for the Financial Year ended 31st March, 2025 and the report of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 51.22% · promoters 99.36% · institutions 0.00% · other public 27.23%

  2. To appoint a Director in place of Mr. Zulfiquar Kamal (DIN: 01786763), who retires by rotation and being eligible, offers himself for reappointment
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 51.22% · promoters 99.36% · institutions 0.00% · other public 27.23%

  3. To appoint M/s. Deloitte Haskins & Sells LLP, Chartered Accountants (Firm Registration No. 117366W/W-100018) as the Statutory Auditors of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 51.22% · promoters 99.36% · institutions 0.00% · other public 27.23%

  4. To ratify the remuneration payable to M/s Dhananjay V. Joshi & Associates, Cost Auditors, for the Financial Year 2025-26
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 51.22% · promoters 99.36% · institutions 0.00% · other public 27.23%

  5. To appoint M/s. BNP & Associates (Firm Registration No. P2014MH037400) as the Secretarial Auditors of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 51.22% · promoters 99.36% · institutions 0.00% · other public 27.23%

  6. To re-appoint Dr. Kamlesh Shende (DIN: 09537666) as an Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 51.22% · promoters 99.36% · institutions 0.00% · other public 27.23%

  7. To appoint of Mr. Ashok Bhatia (DIN: 02090239) as an Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 51.22% · promoters 99.36% · institutions 0.00% · other public 27.23%

  8. Approval for payment of remuneration to Independent Directors pursuant to Section II Part II of Schedule V of the Companies Act, 2013
    Special
    100.00% for0.00% against

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

    Turnout: all 51.22% · promoters 99.36% · institutions 0.00% · other public 27.23%

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 Jun 2024, 3 resolutions

Present: 4 promoters and 36 others.The company's voting result (opens in a new tab)

  1. Consideration and Adoption of Audited Financial Statements of the Company for the Financial Year ended 31st March, 2024 and the report of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 51.16% · promoters 99.36% · institutions 0.00% · other public 27.13%

  2. To appoint a Director in place of Mr. Prakash Sapkal (DIN: 02007385), 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 51.16% · promoters 99.36% · institutions 0.00% · other public 27.13%

  3. Ratification of remuneration payable to M/s Dhananjay V. Joshi & Associates, Cost Auditors, for the Financial Year 2024-25.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 51.16% · promoters 99.36% · institutions 0.00% · other public 27.13%

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, 28 Jan 2024, 3 resolutions

The company's voting result (opens in a new tab)

  1. Approval of ‘ZIM Laboratories Employee Stock Option Scheme 2023’
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 51.54% · promoters 100.00% · institutions 0.00% · other public 27.39%

  2. Approval of grant of employee stock options to the eligible employees of the subsidiary company(ies)of the Company under ‘ZIM Laboratories Employee Stock Option Scheme 2023’
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 51.54% · promoters 100.00% · institutions 0.00% · other public 27.39%

  3. Approval for payment of remuneration to the Managing Director and Whole Time Directors in case of absence or inadequacy of profits, as per Section II, Part II of Schedule V of the Companies Act, 2013
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 51.54% · promoters 100.00% · institutions 0.00% · other public 27.39%

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, 10 Jul 2023, 3 resolutions

Present: 5 promoters and 50 others.The company's voting result (opens in a new tab)

  1. Consideration and Adoption of Audited Financial Statements of the Company for the FinancialnYear ended 31st March, 2023 and the report of the Board of Directors and Auditors thereon.nn
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 50.32% · promoters 100.00% · institutions 0.00% · other public 25.55%

  2. Re-appointment of Director in place of retiring Directorn
    Ordinary
    99.61% for0.39% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.16%

    Turnout: all 50.31% · promoters 100.00% · institutions 0.00% · other public 25.55%

  3. Ratification of remuneration payable to M/s Dhananjay V. Joshi & Associates, Cost Auditors, for the Financial Year 2023-24.nn
    Ordinary
    99.61% for0.39% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.16%

    Turnout: all 50.31% · promoters 100.00% · institutions 0.00% · other public 25.55%

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.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 11 Aug 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)

  • To approve the revision in remuneration structure and payment of remuneration to Dr. Anwar Daud, Managing Director (DIN: 00023529) of the Company.
    1 for0 against
  • To approve the revision in remuneration structure and payment of remuneration to Mr. Zulfiquar Kamal, Whole-Time Director (DIN: 01786763) of the Company.
    1 for0 against

Mutual fund votes, meeting of 29 Jun 2026, 1 fund house

  • Consideration and Adoption of Audited Financial Statements of the Company for the Financial Year ended 31st March, 2025 and the report of the Board of Directors and Auditors thereon.
    1 for0 against
  • To appoint a Director in place of Mr. Zulfiquar Kamal (DIN: 01786763), who retires by rotation and being eligible, offers himself for re-appointment.
    1 for0 against
  • To ratify the remuneration payable to M/s Dhananjay V. Joshi & Associates, Cost Auditors, for the Financial Year 2026-27
    1 for0 against
  • Approval for payment of remuneration to the Managing Director and Whole Time Director in case of absence or inadequacy of profits, as per Section II, Part II of Schedule V of the Companies Act, 2013
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines and tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Fine or penaltyGoods and Service Tax DepartmentSince 23 Jul 2026

    The Order passed u/s 107(11) of the MGST Act and the CGST Act) No: - JCST/APP-NAG/GST-298/2025-26/AO/2026_27/ 2/25 Nagpur, Dated-23.07.2026 received imposing to pay demand of Rs. 8,80,862.00 under IGST act,interest of Rs 1,277.00 under IGST, Rs.1,828.00 each under CGST and SGST and to pay penalty of Rs 1,57,951.

    Excess ITC claimed by the Company which was not confirmed in GSTR2A .
  • Fine or penaltyAssistant Commissioner (ST)Since 3 Jul 2026

    Issuance of a show cause notice for payment of tax amounting to Rs 30,59,828, along with applicable interest of Rs. 10,07,982 and a penalty of Rs. 3,05,982, on account of suppression of outward supplies for the period April 2023 to March 2024. The differential tax liability along with applicable interest was voluntarily paid and no further tax remains recoverable hence,the proceedings initiated through the Show Cause Notice are dropped

    The company was alleged to have underreported outward supplies in GSTR-1 and GSTR-3B for April 2023–March 2024, resulting in suppressed taxable value and short payment of GST.
  • Tax disputeDCIT (Deputy Commissioner of Income Tax)Since 21 Dec 2017
    Demand order no. 17/07/2017-18 dated 21-12-2017 received for demand of INR 395.95 lakhs for A.Y. 2010-11. Appeal filed with CIT Appeal on 16 Jan 2018. Stay for the Demand is granted by CIT(A) vide order dated 17-01-2022.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.

How money raised was used

Reported for the quarter to Jun 2026. 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.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesMar 2026–0––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.