Varmora Granito MD and chairman
NSE: VARMORABSE: 544942Consumer Durables
Share price at the NSE close on 29 Oct 2026. Previous close ₹122.30.
29 Oct: open ₹123.39, high ₹123.39, low ₹119.28
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. Market capitalisation: how it is worked out
- ₹2,759 Cr
- 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. Price to earnings, trailing: how it is worked out
- No full year
- 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. Price to book: how it is worked out
- 2.35
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonesince listing in Sep 2026
- 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 Sep 2026.
- 0.26
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 11,56,21778.8% delivered
Varmora Granito's chairperson and managing director is Bhavesh Vallabhdas Varmora, as filed for the quarter to Sep 2026.
Varmora Granito board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.
- Chairperson and managing directorBhavesh Vallabhdas Varmora
- Company Secretary and Compliance OfficerNilesh Sharma
9 directors5 independent3 executive1 non-executive
- Bhavesh Vallabhdas Varmora · Chairperson and managing directorExecutive · joined May 2022 · 1 listed board · 2 committee seats
- Pramodkumar Parsotambhai PatelExecutive · joined May 2022 · 1 listed board · 1 committee seat
- Hiren R VarmoraExecutive · joined May 2022 · 1 listed board
- Aamir ZebNominee, non-executive · joined Mar 2024 · 1 listed board
- Suryanarayanan SivaramakrishnanIndependent · joined Jun 2023 · 39 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- Chandubhai ViraniIndependent · joined Sep 2024 · 24 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Sandhya Maulik PatelIndependent · joined Sep 2024 · 24 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair
- Vivek Vikram SinghIndependent · joined Jan 2025 · 20 months as independent · 2 listed boards · 1 as independent · 1 committee seat
- Shital Bharatkumar BadshahIndependent · joined Aug 2025 · 13 months as independent · 3 listed boards · 1 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
- 25 Sep 20264 of 9 present2 independent · no day in between
- 24 Sep 20264 of 9 present2 independent · 2 days in between
- 21 Sep 20264 of 9 present2 independent · 3 days in between
- 17 Sep 20263 of 9 present1 independent · no day in between
9 earlier meetings
- 16 Sep 20264 of 9 present2 independent · 8 days in between
- 7 Sep 20266 of 9 present3 independent · 3 days in between
- 3 Sep 20265 of 9 present3 independent · 25 days in between
- 8 Aug 20266 of 9 present2 independent · 51 days in between
- 17 Jun 20266 of 9 present2 independent · 1 day in between
- 15 Jun 20267 of 10 present5 independent · 10 days in between
- 4 Jun 20266 of 10 present3 independent · 9 days in between
- 25 May 20266 of 10 present3 independent · 50 days in between
- 4 Apr 20265 of 10 present3 independent
Audit Committee
Chair Suryanarayanan Sivaramakrishnan
Bhavesh Vallabhdas Varmora, Sandhya Maulik Patel, Chandubhai Virani
- 16 Sep 20263 of 4 present2 independent · 8 days in between
- 7 Sep 20263 of 4 present2 independent · 83 days in between
- 15 Jun 20264 of 4 present3 independent · 20 days in between
- 25 May 20263 of 4 present2 independent · 4 days in between
2 earlier meetings
- 20 May 20263 of 4 present2 independent · 27 days in between
- 22 Apr 20263 of 4 present2 independent
Nomination and remuneration committee
Chair Vivek Vikram Singh
Sandhya Maulik Patel, Shital Bharatkumar Badshah
- 1 Sep 20262 of 3 present2 independent · 104 days in between
- 19 May 20262 of 3 present2 independent
Stakeholders Relationship Committee
Chair Sandhya Maulik Patel
Bhavesh Vallabhdas Varmora, Pramodkumar Parsotambhai Patel
No meeting listed in the filing.
Risk Management Committee
Chair Bhavesh Vallabhdas Varmora
Pramodkumar Parsotambhai Patel, Vivek Vikram Singh
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair Bhavesh Vallabhdas Varmora
Hiren R Varmora, Suryanarayanan Sivaramakrishnan, Aamir Zeb
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.
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
- 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 Sep 2026.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Public IssuesSep 2026, checked by CRISIL RATINGS LIMITED | 320.00 | Repayment/ pre-payment, in full or in part, of all or certain outstanding borrowings and accrued interest thereon | 215.00 | 0.00 | No |
| Public IssuesSep 2026, checked by CRISIL RATINGS LIMITED | 320.00 | Repayment/ pre-payment, in full or in part, of all or certain outstanding borrowings and accrued interest thereon availed by wholly-owned subsidiaries namely Covertek Ceramica Private Limited and Varmora Sanitarywares Private Limited (formerly, Varmora Sanitarywares LLP), through investment in such Subsidiaries | 30.00 | 0.00 | No |
| Public IssuesSep 2026, checked by CRISIL RATINGS LIMITED | 320.00 | General Corporate purpose | 48.00 | 0.00 | No |