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Vapi Enterprise Ltd (502589)

📊 BSE: 502589 🏢 Paper & Paper Products 📢 Latest filing: 10 Aug 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Vapi Enterprise's revenue was ₹0.6 Cr (-7.1% year on year, -7.1% on the previous quarter), and net profit ₹0.4 Cr (-11.0% year on year); the operating margin was 82.5%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹0.6	-7.1%	-7.1%
Operating profit	₹0.5	-8.6%	-8.6%
Net profit	₹0.4	-11.0%	-15.3%
EPS (₹)	1.56	-10.9%	-15.2%
Operating margin	82.5%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

52nd AGM on Sept 10; Vapi Enterprise to Re-appoint MD and Appoint New Auditors

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 10 Aug 2026, 04:23 PM

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.

💡 Investors should monitor the voting results post-AGM to confirm the approval of the leadership appointments and auditor changes, ensuring governance continuity.

₹1.49 Cr PAT Reported in Vapi Enterprise FY26 Annual Report; AGM Set for Sept 10

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 10 Aug 2026, 04:16 PM

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.

💡 Monitor the upcoming 52nd Annual General Meeting on September 10, 2026, for the reappointment of the Managing Director and the statutory auditor.

52nd AGM Scheduled for Sept 10, 2026; MD Re-appointment and New Auditors Proposed

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 10 Aug 2026, 04:10 PM

Vapi Enterprise Ltd has scheduled its 52nd Annual General Meeting (AGM) for September 10, 2026, to approve the FY26 financial results and key leadership roles. The company is seeking shareholder approval to re-appoint Mr. Manoj Ramanbhai Patel as Managing Director for a five-year term starting July 30, 2026. Additionally, new Statutory and Secretarial Auditors are proposed for appointment. This follows a fiscal year where the company reported revenue of ₹2.41 Cr, a significant recovery from zero revenue in FY25.

52nd Annual General Meeting scheduled for September 10, 2026, via video conferencing.
Proposed re-appointment of Mr. Manoj Ramanbhai Patel as Managing Director for a 5-year term effective July 30, 2026.
Appointment of M/s M I SHAH And Co as Statutory Auditors for the financial year 2026-27.
Appointment of M/s HRU & Associates as Secretarial Auditors for a 5-year block until 2031.
FY26 annual revenue reached ₹2.41 Cr compared to ₹0.0 Cr in the previous fiscal year (FY25).

💡 Investors should review the Annual Report for details on the company's business turnaround from zero revenue in FY25 and monitor the AGM voting results for leadership continuity.

5-Year Appointment of M/s. HRU & Associates as Secretarial Auditor Approved

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Aug 2026, 03:32 PM

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.

💡 Watch for the upcoming AGM notice to confirm the ratification of this appointment and other routine resolutions.

Vapi Enterprise to Appoint Secretarial Auditor for 5-Year Term Starting FY 2026-27

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 03 Aug 2026, 03:31 PM

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

💡 Investors should treat this as a routine administrative update; watch for the conclusion of the board meeting and subsequent AGM results for formal confirmation.

5-Year Re-appointment of Manoj Patel as Managing Director Approved by Vapi Enterprise

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 30 Jul 2026, 05:31 PM

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.

💡 Monitor the shareholder voting outcome at the upcoming AGM and track whether the management can scale the business beyond its current ₹2-3 Cr annual revenue base.

Vapi Enterprise Re-appoints MD for 5-Year Term and Appoints New Independent Director

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 30 Jul 2026, 04:19 PM

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%.

💡 Investors should monitor the upcoming AGM on September 10, 2026, for shareholder approval of management changes and any updates on scaling the current low revenue base.

Vapi Enterprise Appoints Sanket Goyal as Independent Director for 5-Year Term

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 30 Jul 2026, 04:13 PM

Vapi Enterprise Ltd has appointed Mr. Sanket Goyal as an Additional Non-Executive Independent Director effective July 30, 2026. The appointment is for a five-year term concluding on July 29, 2031, subject to shareholder approval at the next AGM. Mr. Goyal, who holds an MMS in Finance and a B.E. in Electronics, will also join the Audit, Nomination & Remuneration, and Stakeholders Relationship committees. This appointment ensures the company remains compliant with SEBI board composition requirements.

Appointment of Mr. Sanket Goyal for a fixed 5-year term starting July 30, 2026
Appointee to serve as a member on 3 key board committees: Audit, NRC, and Stakeholders Relationship
The board meeting for this approval lasted 2.5 hours, from 01:00 PM to 03:30 PM
Company operates at a micro-scale with TTM revenue of Rs 2 Cr and a market cap of Rs 32 Cr

💡 Investors should look for the shareholder resolution in the upcoming Annual General Meeting (AGM) to confirm the appointment.

Vapi Enterprise Director Himanshu Ruia Resigns After Completing 10-Year Tenure

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 30 Jul 2026, 04:07 PM

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

💡 Investors should monitor the appointment of a successor to ensure the board maintains its required independent composition and oversight capabilities.

Vapi Enterprise Re-appoints MD for 5 Years and Schedules 52nd AGM for Sept 10

🟡 NEUTRAL ⭐ 5/10

BOARD_MEETING 📅 30 Jul 2026, 03:56 PM

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

💡 Investors should monitor the detailed Q1 FY27 financial tables once published to assess if the company is scaling its revenue beyond the current TTM level of Rs 2 Cr.

Vapi Enterprise Re-appoints MD for 5 Years and Approves Q1 FY27 Results

🟡 NEUTRAL ⭐ 5/10

BOARD_MEETING 📅 30 Jul 2026, 03:47 PM

Vapi Enterprise Ltd held its board meeting on July 30, 2026, approving the un-audited financial results for the quarter ended June 30, 2026. The board confirmed the re-appointment of Mr. Manoj Patel as Managing Director for a five-year term until July 2031. Additionally, Mr. Sanket Goyal was appointed as an Independent Director for a five-year term, replacing Mr. Himanshu Ruia, who completed his tenure. The company, a micro-cap with a TTM revenue of Rs 2 Cr, has scheduled its 52nd Annual General Meeting for September 10, 2026.

Re-appointment of Managing Director Manoj Patel for a 5-year term effective July 30, 2026, to July 29, 2031.
Appointment of Mr. Sanket Goyal as an Additional Independent Director for a 5-year term.
Resignation of Independent Director Himanshu Ruia effective July 30, 2026, following completion of tenure.
52nd Annual General Meeting (AGM) scheduled for September 10, 2026.
Board meeting duration of 2.5 hours, concluding at 3:30 PM on July 30, 2026.

💡 Investors should review the detailed Q1 FY27 financial statements to assess if the company can scale its small revenue base of Rs 2 Cr while maintaining its high operating margins.

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