Medico Remedies logo

Medico Remedies MD, chairman and AGM

NSE: MEDICOBSE: 540937Pharmaceuticals & BiotechnologySmall Cap

Medico Remedies Limited · Face value ₹2 · Listed Feb 2018 on BSE, May 2022 on NSE
Last close ₹19.22down ₹1.20 (5.88%)BSE ₹19.41

Share price at the NSE close on 28 Oct 2026. Previous close ₹20.42.

28 Oct: open ₹20.69, high ₹20.69, low ₹18.80

52-week range of traded prices to 28 Oct 2026
₹18.80Low, 28 Oct 2026₹56.88High, 24 Dec 2025
Market cap
₹159 Cr2,034th largest listed
P/E
11.54
P/B
2.11
Dividend yield
Nonein the last 12 months
ROE
20.1%
ROCE
15.3%
Debt to equity
0.25
Volume, NSE
2,29,33170.4% delivered

Medico Remedies' chairperson is HARESH KAPURLAL MEHTA and its managing director HARSHIT HARESH MEHTA, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 22 Sep 2026.

Medico Remedies 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

  • ChairpersonHARESH KAPURLAL MEHTARelated to the promoter
  • Managing directorHARSHIT HARESH MEHTA

10 directors5 independent4 executive1 non-executive

  • HARESH KAPURLAL MEHTA · ChairpersonExecutive · joined Mar 1994 · reappointed Sep 2026 · 1 month as independent · 1 listed board · 1 committee seat
  • HARSHIT HARESH MEHTA · Managing directorExecutive · joined Dec 2011 · reappointed Sep 2025 · 12 months as independent · 1 listed board · 1 committee seat
  • RISHIT HARESHBHAI MEHTAExecutive · joined Mar 2015 · reappointed Sep 2026 · 1 month as independent · 1 listed board · 1 committee seat
  • RITA HARESH MEHTANon-executive · joined Dec 1999 · reappointed Mar 2024 · 29 months as independent · 1 listed board
  • DEEPAK MAGANLAL VEKARIAIndependent · joined Sep 2017 · reappointed Sep 2022 · 47 months as independent · 1 listed board · 1 committee seat, 1 as chair
  • BHARAT NATHALAL RATHODIndependent · joined Sep 2017 · reappointed Sep 2022 · 47 months as independent · 1 listed board · 2 committee seats, 1 as chair
  • DEEPESH RAJESH SHAHIndependent · joined Apr 2022 · reappointed Apr 2022 · 53 months as independent · 1 listed board
  • KUNAL TUSHAR VORAIndependent · joined Aug 2024 · reappointed Aug 2024 · 25 months as independent · 1 listed board · 1 committee seat
  • MAHESHKUMAR DARJIExecutive · joined Jul 2025 · reappointed Jul 2025 · 13 months as independent · 1 listed board
  • ANUJ KISHORE MODYIndependent · joined Nov 2024 · reappointed Nov 2024 · 22 months as independent · 1 listed board

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.

2 directors who left
  • DAYANAD SHIVSHANKAR MATHAPATI, left 9 Apr 2025: Others
  • RAMESH NARANDAS RUGHANI, left 8 Oct 2024: Others

Committees and meetings

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

  • Board

    • 13 Aug 202610 of 10 present5 independent
    • 21 May 202610 of 10 present5 independent

  • Audit Committee

    Chair DEEPAK MAGANLAL VEKARIA

    HARESH KAPURLAL MEHTA, BHARAT NATHALAL RATHOD, KUNAL TUSHAR VORA

    • 13 Aug 20264 of 4 present3 independent · 83 days in between
    • 21 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair DEEPAK MAGANLAL VEKARIA

    BHARAT NATHALAL RATHOD, KUNAL TUSHAR VORA

    • 13 Aug 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair BHARAT NATHALAL RATHOD

    HARSHIT HARESH MEHTA, RISHIT HARESHBHAI MEHTA

    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 Mar 2026.

  • Shah Shroff & AssociatesPeer-review certificate valid to Apr 2028
1 earlier auditor
  • V J SHAH & CONamed in filings from Mar 2025 to Jun 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.

Medico Remedies 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.

Annual general meeting, 22 Sep 2026

16,439 shareholders on the register on 15 Sep 2026; present: 6 promoters and 28 others; votes counted by SHREYA SHAH / SHREYA SHAH.The company's voting result

  1. Adoption of Financial Statements for the financial year ended 31st March, 2026 and Reports of the Board of Directors and Auditors of the Company thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 61.58% · promoters 100.00% · institutions 0.00% · other public 0.52%

  2. Appointment of Mr. Haresh Kapurlal Mehta (DIN: 01080289) 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% · institutions 0.00% · other public 0.04%

    Turnout: all 61.58% · promoters 100.00% · institutions 0.00% · other public 0.52%

  3. Re-Appointment of Mr. Rishit Mehta (DIN: 07121224) as Whole time Director of the Company.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 6.10% · promoters 9.58% · institutions 0.00% · other public 0.57%

  4. Re-Appointment of Mr. Haresh Mehta (DIN: 01080289) as Chairman & 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 0.03%

    Turnout: all 0.22% · promoters 0.00% · institutions 0.00% · other public 0.57%

  5. Increase in Remuneration Payable to Mr. Harshit Mehta (DIN: 05144280), Managing Director of the Company.
    SpecialPromoters have an interest in it
    97.69% for2.31% against

    Against: promoters 0.00% · institutions 0.00% · other public 46.58%

    Turnout: all 4.41% · promoters 6.83% · institutions 0.00% · other public 0.57%

  6. Increase in Professional Fees Payable to Ms. Priyal Rishit Mehta, Professional Consultant of the Company
    OrdinaryPromoters have an interest in it
    99.38% for0.62% against

    Against: promoters 0.00% · institutions 0.00% · other public 46.58%

    Turnout: all 16.49% · promoters 26.51% · institutions 0.00% · other public 0.57%

  7. Increase in Remuneration Payable to Ms. Shweta Harshit Mehta, Regulatory Deputy Manager of the Company.
    OrdinaryPromoters have an interest in it
    99.40% for0.60% against

    Against: promoters 0.00% · institutions 0.00% · other public 46.58%

    Turnout: all 17.06% · promoters 27.44% · institutions 0.00% · other public 0.57%

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, 8 Sep 2025, 7 resolutions

17,509 shareholders on the register on 25 Jul 2025; present: 6 promoters and 36 others; votes counted by HARESH SANGHVI / HARESH SANGHVI.The company's voting result

  1. Receive, consider and adopt the audited Financial Statements for the Financial year ended 31st March, 2025, together with the Report of the Board of Directors and the Auditor’s thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 62.89% · promoters 100.00% · institutions 0.00% · other public 0.82%

  2. Appoint a director in place of Mr. Rishit Mehta (DIN: 07121224) 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% · institutions 0.00% · other public 0.05%

    Turnout: all 6.79% · promoters 10.36% · institutions 0.00% · other public 0.82%

  3. Appointment of M/s. Shah Shroff & Associates, Chartered Accountants as the Statutory Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 62.89% · promoters 100.00% · institutions 0.00% · other public 0.82%

  4. Appointment of Ms. Shreya Shah, Practicing Company Secretary, Mumbai (CoP No. 15859), as the Secretarial Auditor of the Company for a term of five consecutive years
    Ordinary
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.00% · other public 22.12%

    Turnout: all 62.89% · promoters 100.00% · institutions 0.00% · other public 0.82%

  5. Re-appointment of Mr. Harshit Mehta (DIN: 05144280) as Managing Director of the Company.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 4.50% · promoters 6.70% · institutions 0.00% · other public 0.82%

  6. Continuation of Directorship of Mr. Haresh Mehta (DIN: 01080289) as Chairman & Whole-Time Director on attaining 70 years of age
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 10.98% · promoters 17.06% · institutions 0.00% · other public 0.82%

  7. Appointment of Mr. Maheshkumar Darji (DIN: 11220436) as Executive Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 62.89% · promoters 100.00% · institutions 0.00% · other public 0.82%

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, 30 Jan 2025, 1 resolution

14,015 shareholders on the register on 20 Dec 2024; votes counted by HARESH SANGHVI / HARESH SANGHVI.The company's voting result

  1. Appointment of Mr. Anuj Mody (DIN: 08835177) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.32%

    Turnout: all 56.40% · promoters 84.37% · institutions 0.00% · other public 0.08%

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, 5 Sep 2024, 5 resolutions

Present: 7 promoters and 44 others.

  1. Adoption of Audited Financial Statements for the Financial year ended 31st March, 2024, together with the Report of the Board of Directors and the Auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 73.82% · promoters 100.00% · institutions 0.00% · other public 1.84%

  2. Appointment of a Director in place of Mr. Harshit Mehta (DIN: 05144280) 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% · institutions 0.00% · other public 0.00%

    Turnout: all 6.75% · promoters 8.54% · institutions 0.00% · other public 1.84%

  3. Continuation of Ms. Rita Mehta (DIN: 01080344) as Non-Executive Non-Independent Director of the Company
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 0.49% · promoters 0.00% · institutions 0.00% · other public 1.84%

  4. Appointment of Mr. Dayanand Mathapati (DIN: 10741417) as Executive Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 73.82% · promoters 100.00% · institutions 0.00% · other public 1.84%

  5. Appointment of Mr. Kunal Vora (DIN:10741410) as Independent Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 73.73% · promoters 100.00% · institutions 0.00% · other public 1.48%

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.

Annual general meeting, 24 Aug 2023, 4 resolutions

Present: 8 promoters and 23 others.

  1. Adoption of Audited Financial Statements for the Financial year ended 31st March, 2023, together with the Report of the Board of Directors and the Auditors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 71.75% · promoters 87.06% · institutions 0.00% · other public 30.73%

  2. Appointment of a Director in place of Mr. Harshit Mehta (DIN: 05144280) 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% · institutions 0.00% · other public 0.00%

    Turnout: all 14.17% · promoters 8.54% · institutions 0.00% · other public 30.73%

  3. Re-appointment of Mr. Haresh Mehta (DIN: 01080289) as Chairman & Whole-Time Director of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 8.77% · promoters 1.18% · institutions 0.00% · other public 30.73%

  4. Re-appointment of Mr. Rishit Mehta (DIN: 07121224) as Whole-Time Director of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 17.52% · promoters 13.11% · institutions 0.00% · other public 30.73%

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, 21 Sep 2022, 2 resolutions

Present: 5 promoters and 1 others.

  1. Adoption of Audited Financial Statements for the Financial Year ended 31st March, 2022, together with the Report of the Board of Direectors and the Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.40% · promoters 100.00% · institutions 0.00% · other public 11.50%

  2. Appointment of a Director in place of Mr. Harshit Mehta (DIN: 05144280) 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% · institutions 0.00% · other public 0.00%

    Turnout: all 9.33% · promoters 8.54% · institutions 0.00% · other public 11.50%

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, 21 Jun 2022, 7 resolutions
  1. Appointment of Mr. Deepesh Shah (DIN: 07321104) 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 92.67% · promoters 100.00% · institutions 0.00% · other public 72.51%

  2. Re-appointment of Mr. Harshit Mehta (DIN: 05144280) as Managing Director of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 25.60% · promoters 8.54% · institutions 0.00% · other public 72.51%

  3. Re- appointment of Mr. Ramesh Rughani (DIN: 00947793) as an Independent Director of the Company for a second term of five consecutive years
    Special
    100.00% for0.00% against

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

    Turnout: all 92.67% · promoters 100.00% · institutions 0.00% · other public 72.51%

  4. Re- appointment of Mr. Deepak Vekaria (DIN: 07945925) as an Independent Director of the Company for a second term of five consecutive years
    Special
    100.00% for0.00% against

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

    Turnout: all 92.67% · promoters 100.00% · institutions 0.00% · other public 72.51%

  5. Re- appointment of Mr. Bharat Rathod (DIN: 07947531) as an Independent Director of thenCompany for a second term of five consecutive years
    Special
    100.00% for0.00% against

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

    Turnout: all 92.67% · promoters 100.00% · institutions 0.00% · other public 72.51%

  6. Increase Borrowing Limit of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 92.67% · promoters 100.00% · institutions 0.00% · other public 72.51%

  7. Creation of mortgage/charge on the Assets
    Special
    100.00% for0.00% against

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

    Turnout: all 92.67% · promoters 100.00% · institutions 0.00% · other public 72.51%

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.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved
00Dec 2400Mar 2500Jun 2500Sep 2500Dec 2500Mar 2600Jun 2600Sep 26

Open at the quarter's end

0Dec 240Mar 250Jun 250Sep 250Dec 250Mar 260Jun 260Sep 26
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
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.