V-Guard’s board has reappointed Prof. Biju Varkkey as an Independent Director for a final term of five years, effective May 26, 2026, pending shareholder approval. Dr. Reena Philip was appointed as an Additional Non-Executive Non-Independent Director starting January 28, 2026, also subject to shareholder approval. Additionally, the board approved unaudited financial results for Q3 2026 and allotted 409,887 equity shares under its ESOS 2013 scheme.
Leadership Appointments
Prof. Biju Varkkey has been reappointed as an Independent Director for a second and final five-year term, commencing May 26, 2026. This is subject to shareholder approval. Dr. Reena Philip has been appointed as an Additional Non-Executive Non-Independent Director effective January 28, 2026, with a term of four years, also pending shareholder approval.
Equity Share Allotment
The board has approved the allotment of 409,887 equity shares to 20 employees who exercised stock options under the Employee Stock Option Scheme (ESOS 2013). These shares have a face value of ₹1 each.
Financial Performance: Q3 2026
The board reviewed and approved the unaudited standalone and consolidated financial results for Q3 2026 (October-December). Key figures from the standalone results include:
- Revenue from operations: ₹1,325.92 crores
- Total income: ₹1,331.29 crores
- Profit before tax: ₹58.15 crores
- Profit for the period: ₹42.34 crores
The company’s results were prepared in accordance with Indian Accounting Standards (Ind AS).
Merger Update
The proposed merger of Sunflame Enterprises Private Limited with V-Guard Industries Limited is underway, awaiting necessary approvals to leverage synergies.
Source: BSE
