Vapi Enterprise Ltd (502589)

Vapi Enterprise Ltd informed BSE that its Board of Directors met on November 5, 2026, and approved the standalone unaudited financial results for the half year ended September 30, 2026. The board also reviewed the Limited Review Report submitted by the statutory auditors. The board meeting commenced at 1:00 PM and concluded at 3:00 PM. Detailed P&L and balance sheet figures were not included in this outcome cover letter.

• Board meeting held on November 5, 2026, from 1:00 PM to 3:00 PM
• Approved Unaudited Standalone Financial Results for the half year ended September 30, 2026
• Noted Limited Review Report of the Statutory Auditors
• Filing submitted pursuant to Regulations 30 and 33 of SEBI LODR

Vapi Enterprise Ltd has scheduled its 52nd Annual General Meeting (AGM) for September 10, 2026, to be held via video conferencing. The company has fixed the book closure period from August 24 to August 28, 2026, for the purpose of the AGM. Key agenda items include the re-appointment of Mr. Manoj Ramanbhai Patel as Managing Director for a five-year term and the appointment of M/s M I SHAH And Co as Statutory Auditors for FY 2026-27. The company reported a TTM revenue of Rs 2.41 Cr for FY26 with a high operating margin of 81.33%.

• 52nd Annual General Meeting scheduled for September 10, 2026, at 12:00 PM.
• Book closure period for the Register of Members set from August 24, 2026, to August 28, 2026.
• Proposed re-appointment of Managing Director, Mr. Manoj Ramanbhai Patel, for a 5-year term effective July 30, 2026.
• Appointment of M/s HRU & Associates as Secretarial Auditors for a 5-year term until 2031.
• Adoption of FY26 Audited Financial Statements where the company recorded a net profit of Rs 1.49 Cr.

Vapi Enterprise Limited has released its 52nd Annual Report for FY 2025-26, reporting a net profit of ₹1.49 crore, up from ₹1.32 crore in FY 2024-25. The company achieved a total revenue of ₹2.41 crore for the year, maintaining a high operating margin of 81.3% despite its small scale. A notable portion of the profit was driven by an unrealized fair value gain of ₹8.37 lakhs on UTI units. The company remains debt-free with a net worth of ₹37 crore, though it continues to operate as a micro-cap entity with limited revenue growth.

• Net Profit for FY 2025-26 increased to ₹1.49 crore from ₹1.32 crore in the previous year.
• Earnings Per Share (EPS) improved to ₹6.55 from ₹5.77 in FY 2024-25.
• Unrealized Fair Value Gain on UTI Units contributed ₹8.37 lakhs to the annual profit.
• Key Management Personnel (KMP) remuneration for the year was ₹12,00,000.
• Unsecured loans from associate companies remained stagnant at ₹47.48 lakhs.

Vapi Enterprise Ltd has approved the appointment of M/s. HRU & Associates as Secretarial Auditor for a five-year term from FY 2026-27 to FY 2030-31. The appointment, recommended by the Audit Committee, is subject to shareholder approval at the next AGM. The firm brings 11+ years of experience in SEBI and Companies Act compliance. This is a standard regulatory requirement for the Rs 37 Cr market cap company.

• Appointment covers a 5-year period from FY 2026-27 to FY 2030-31.
• The appointed auditor, M/s. HRU & Associates, has over 11 years of professional experience.
• Board meeting duration was 45 minutes, concluding at 03:15 P.M. on August 5, 2026.

Vapi Enterprise Ltd has scheduled a board meeting on August 5, 2026, to consider the appointment of M/s. HRU & Associates as Secretarial Auditors. The proposed appointment is for a five-year term covering FY 2026-27 to FY 2030-31. This is a routine regulatory requirement for the company, which currently has a market capitalization of Rs 37 Cr and TTM revenue of Rs 2 Cr. The appointment will be subject to final approval by shareholders at the upcoming Annual General Meeting.

• Board meeting scheduled for August 5, 2026, to approve auditor appointment
• Proposed audit term of 5 consecutive years from FY 2026-27 to FY 2030-31
• M/s. HRU & Associates brings over 11 years of experience in corporate secretarial and legal compliance
• Appointment is effective from July 30, 2026, subject to AGM approval

Vapi Enterprise has approved the re-appointment of Mr. Manoj Patel as Managing Director for a five-year term effective from July 30, 2026, to July 29, 2031. Mr. Patel brings over 30 years of leadership experience in the paper and packaging industry to this micro-cap company. While the company maintains exceptionally high operating margins of 81.33%, its scale remains small with FY26 revenue at ₹2.41 Cr. This re-appointment ensures leadership continuity, subject to shareholder approval at the upcoming Annual General Meeting.

• Re-appointment of Mr. Manoj Patel as Managing Director for a 5-year term starting July 30, 2026.
• Mr. Patel has over 30 years of experience across the paper and packaging value chains.
• The company reported an annual revenue of ₹2.41 Cr and a PAT of ₹1.49 Cr for FY26.
• Operating profit margins remain high at 81.33% as of the latest annual filing.
• Promoter holding is stable at 38.35% as of June 2026.

Vapi Enterprise has approved the re-appointment of Mr. Manoj Patel as Managing Director for a five-year term effective July 30, 2026, through July 29, 2031. The board also appointed Mr. Sanket Goyal as an Independent Director for a five-year term, replacing Mr. Himanshu Ruia, who resigned following the completion of his tenure. These changes come as the company maintains a high operating margin of 81.33% (FY26) despite a small revenue base of Rs 2.41 Cr. The 52nd Annual General Meeting is scheduled for September 10, 2026, to formalize these appointments.

• Re-appointment of Managing Director Manoj Patel for a 5-year term until July 29, 2031.
• Appointment of Sanket Goyal as Additional Independent Director for a 5-year term starting July 30, 2026.
• Resignation of Independent Director Himanshu Ruia effective July 30, 2026, due to tenure completion.
• 52nd Annual General Meeting (AGM) scheduled for September 10, 2026.
• Company reported TTM revenue of Rs 2 Cr with a high OPM of 82.1%.

Mr. Himanshu Ruia has resigned as an Independent Director of Vapi Enterprise Ltd effective July 30, 2026, following the completion of two consecutive five-year terms. This is a mandatory regulatory requirement under SEBI and Companies Act norms for independent directors. As a result, he will also vacate his positions in the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees. The company, which has a small market cap of ₹32 Cr and TTM revenue of ₹2 Cr, has already reconstituted these committees to ensure ongoing compliance.

• Resignation effective from the close of business hours on July 30, 2026
• Completion of 2 consecutive five-year terms as an Independent Director
• Cessation of membership in 3 board committees: Audit, NRC, and SRC
• Board meeting held for 2.5 hours from 01:00 PM to 03:30 PM to approve the change

Vapi Enterprise approved its unaudited financial results for the quarter ended June 30, 2026, alongside key leadership updates. Mr. Manoj Patel has been re-appointed as Managing Director for a five-year term effective July 30, 2026, ensuring leadership continuity. Additionally, Mr. Sanket Goyal was appointed as an Independent Director for a five-year term, following the completion of Mr. Himanshu Ruia's tenure. The company's 52nd Annual General Meeting is scheduled for September 10, 2026.

• Re-appointment of Managing Director Manoj Patel for a 5-year term ending July 29, 2031
• Appointment of Sanket Goyal as Independent Director for a 5-year term starting July 30, 2026
• 52nd Annual General Meeting scheduled for September 10, 2026, via video conferencing
• Resignation of Independent Director Himanshu Ruia effective July 30, 2026, due to tenure completion
• Company maintains a high TTM Operating Profit Margin of 82.1% on a low revenue base