Zodiac Ventures MD, chairman, board of directors and AGM
BSE: 503641Commercial Services & SuppliesSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹1.02.
- Under BSE's short-term additional surveillance, stage I, on the list for 22 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- 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.
- ₹8.68 Cr4,383rd 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. The filing of 14 Aug 2026
- 6.2
- 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 21 May 2026
- 0.2
- 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 14 Aug 2026
- 4.8%
- 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 14 Aug 2026
- 2.3%
- 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 21 May 2026
- 0.43
- Volume, BSEVolume. Shares traded on the last trading day.
- 2,72,194
Zodiac Ventures board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.
- ChairpersonRAMESH VIRJI SHAHRelated to the promoter
- Managing directorJIMIT RAMESH SHAH
5 directors2 independent2 executive1 non-executive
- RAMESH VIRJI SHAH · ChairpersonExecutive · joined May 2010 · reappointed Nov 2010 · 1 listed board
- JIMIT RAMESH SHAH · Managing directorExecutive · joined May 2010 · reappointed Nov 2010 · 1 listed board
- SUNITA JIMIT SHAHNon-executive · joined Nov 2010 · reappointed Sep 2011 · 1 listed board · 1 as independent · 1 committee seat
- HIMANSHI NILESH SHAHIndependent · joined Apr 2024 · reappointed Sep 2024 · 60 months as independent · 1 listed board · 1 as independent · 3 committee seats
- SAHIL DEEPAK VISARIAIndependent · joined Oct 2020 · reappointed Oct 2025 · 60 months as independent · 1 listed board · 1 as independent · 3 committee seats, 3 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.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 21 May 20265 of 5 present2 independent · 30 days in between
- 20 Apr 20265 of 5 present2 independent · 25 days in between
- 25 Mar 20265 of 5 present2 independent · 48 days in between
- 4 Feb 20265 of 5 present2 independent · 7 days in between
1 earlier meeting
- 27 Jan 20265 of 5 present2 independent
Audit Committee
Chair SAHIL DEEPAK VISARIA
JIMIT RAMESH SHAH, HIMANSHI NILESH SHAH
- 14 Aug 20263 of 3 present2 independent · 84 days in between
- 21 May 20263 of 3 present2 independent · 56 days in between
- 25 Mar 20263 of 3 present2 independent · 48 days in between
- 4 Feb 20263 of 3 present2 independent · 7 days in between
1 earlier meeting
- 27 Jan 20263 of 3 present2 independent
Nomination and remuneration committee
Chair SAHIL DEEPAK VISARIA
RAMESH VIRJI SHAH, SUNITA JIMIT SHAH, HIMANSHI NILESH SHAH
- 14 Aug 20264 of 4 present2 independent · 190 days in between
- 4 Feb 20264 of 4 present2 independent
Stakeholders Relationship Committee
Chair SAHIL DEEPAK VISARIA
SUNITA JIMIT SHAH, HIMANSHI NILESH SHAH
- 4 Feb 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.
- Pravin Chandak and AssociatesPeer-review certificate valid to Apr 2028
1 earlier auditor
- Pravin Chandak & AssociatesNamed in the filing for the quarter to Sep 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.
Zodiac Ventures 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.Zodiac Ventures dividend history
Annual general meeting, 28 Sep 2026
32,000 shareholders on the register on 21 Sep 2026; present: 5 promoters and 87 others; votes counted by DIVYESH N VANPARIYA / DNV & ASSOCIATES.The company's voting result (opens in a new tab)
To receive, consider and adopt the Standalone and Consolidated Audited Financial Statements of the Company for the financial year ended 31st March 2026 together with the Reportsof the Board of Directors and Auditors thereon.MoreLess
Ordinary99.32% for0.68% againstAgainst: promoters 0.00% · institutions 0.00% · other public 2.77%
Turnout: all 36.07% · promoters 92.80% · institutions 0.00% · other public 12.48%
- To appoint Mr. Ramesh Shah (DIN: 01580767), who retires by rotation and being eligible, offers himself for reappointment, as Director.Ordinary99.32% for0.68% against
Against: promoters 0.00% · institutions 0.00% · other public 2.77%
Turnout: all 36.07% · promoters 92.80% · institutions 0.00% · other public 12.48%
- To sell or transfer or otherwise dispose of the Company's 100 Percentage stake in Mumbai Mega Development Private Limited, Associate Company.Special99.32% for0.68% against
Against: promoters 0.00% · institutions 0.00% · other public 2.77%
Turnout: all 36.07% · promoters 92.80% · institutions 0.00% · other public 12.48%
- To approve the power of the Board to grant loans, give guarantees in connection with loans and acquire securities of other companies.Special99.31% for0.69% against
Against: promoters 0.00% · institutions 0.00% · other public 2.81%
Turnout: all 36.07% · promoters 92.80% · institutions 0.00% · other public 12.48%
- To approve the borrowing power of the Board.Special99.31% for0.69% against
Against: promoters 0.00% · institutions 0.00% · other public 2.81%
Turnout: all 36.07% · promoters 92.80% · institutions 0.00% · other public 12.48%
- To give approval to the Board under Section 185 of the Companies Act, 2013.Special99.31% for0.69% against
Against: promoters 0.00% · institutions 0.00% · other public 2.81%
Turnout: all 36.07% · promoters 92.80% · institutions 0.00% · other public 12.48%
- To give approval for the related party transactions to be entered into by the Company with its Associate Companies.Special99.31% for0.69% against
Against: promoters 0.00% · institutions 0.00% · other public 2.81%
Turnout: all 36.07% · promoters 92.80% · institutions 0.00% · other public 12.48%
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 Jun 2026.
- Tax disputeIncome Tax Dept.Since 13 Sep 2023Matter is pending before the Commissioner of Income Tax (Appeals), and ZVL is confident of attaining an Order in its favourAt the filing before: Matter is pending before the Commissioner of Income Tax (Appeals), and ZVL is confident of attaining an Order in its favour (pertaining to A.Y. 2018-19)
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
- 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 2026. 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.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Rights IssuesSep 2025 | 28.42 | To augment the existing and incremental working capital requirements | 8.90 | 8.90 | No |
| Rights IssuesSep 2025 | 28.42 | Repayment of Secured/Unsecured Loan | 12.50 | 12.50 | No |
| Rights IssuesSep 2025 | 28.42 | General Corporate Purposes | 6.52 | 6.52 | No |
| Rights IssuesSep 2025 | 28.42 | Estimated Issue-related Expenses | 0.50 | 0.50 | No |