This study seeks to examine the relation between corporate governance and value relevance of pharmaceuticals companies in India. This study includes corporate governance disclosure index as independent variable which is measured with the help of Board of Director Index, Audit Committee Index and Board Committees Index as its sub-variables. On the other hand, dependent variable is value relevance viz. Earnings per share, Book value per Share, Dividend per Share and Price to Earnings ratio. This study has been used the descriptive statistics, and canonical correlation analysis. The sample of the study has been included pharma sector in India, whereas, study period from 2015–16 to 2021–22. The overall result of the study has shown that there is a statistically significant relation between corporate governance and value relevance, as the significance level is less than 0.05. Findings of the study reveal the high degree of correlation (.930) among the variables used in the study. Further, this study can approach to the different aspects, time periods and sectors as well.