Vapi Enterprise Approves Q2 Results, Announces Director Changes and Committee Reconstitution

Vapi Enterprise Approves Q2 Results, Announces Director Changes and Committee Reconstitution​

Vapi Enterprise Limited, formerly known as Vapi Paper Mills Ltd., announced significant updates regarding its corporate governance and financial performance following a Board meeting held on July 30, 2026. The company approved the un-audited standalone financial results for the quarter ended June 30, 2026, and appointed new directors while confirming the re-appointment of the Managing Director.

The Board also approved the reconstitution of key committees, including the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee, following the resignation of an Independent Director. The company's 52nd Annual General Meeting has been scheduled for September 10, 2026.

Financial Performance Snapshot (Q ended June 30, 2026)​

The Board approved the Un-Audited Financial Results and the Limited Review Report of the Statutory Auditor for the quarter ending June 30, 2026. The unaudited standalone financial results are available as follows (all figures in Rs. Lacs):

Key Governance and Director Appointments​

The meeting addressed several critical aspects of the company's governance structure, including staff changes and committee compositions:

• Independent Director Resignation: The Board approved the resignation of Mr. Himanshu Ruia (DIN: 07572617) from the position of Independent Director. His tenure concluded effective at the close of business hours on July 30, 2026.
• New Appointment: Mr. Sanket Goyal (DIN: 08716587) was approved for appointment as an Additional Non-Executive Independent Director, effective from July 30, 2026. This position is set for a five-year term, subject to the approval of shareholders at the ensuing AGM.
• Managing Director Re-appointment: Mr. Manoj Patel (DIN: 00485197) was approved for re-appointment as Managing Director for a period of five years, effective from July 30, 2026, until July 29, 2031, subject to AGM approval.

Committee Compositions​

The Board approved the reconstitution of three key committees:

Audit Committee Members:


Nomination and Remuneration Committee Members:


Stakeholders Relationship Committee Members:

Audit Report Highlights​

The Independent Auditors' Review Report confirmed the review of the Statement in accordance with Standard on Review Engagements (SRE) 2410. The report noted that while the management prepared the statement according to relevant accounting principles, one point of emphasis was raised regarding compliance:

• The company has not complied with Indian Accounting Standard (IndAS-19) concerning Employee Benefits due to non-provisioning of employee benefits.
• The company's accounting software does not feature an audit trail (edit log).

AGM and Financial Reporting Details​

The Board approved the convening of the 52nd Annual General Meeting for the financial year ended March 31, 2026, which is scheduled for Thursday, September 10, 2026. The agenda includes approving the Annual Report, re-appointing the Managing Director, and appointing the Statutory Auditor and Scrutinizer.

Vapi Enterprise Ltd., operating in one segment, confirmed that segment disclosure was not applicable for the quarter under review.

Stock Price Movement​

Vapi Enterprise Ltd shares settled at ₹155.65 in the post-market session today, edging higher after gaining ₹7.40 or 4.99%. The stock traded completely flat for the day, as both the high and low were locked at ₹155.65.