ANNOUNCEMENT FOR CHANGE IN DIRECTORATE OF THE COMPANY
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Vani Commercials Ltd held a board meeting on 29 May 2025 and approved audited standalone and consolidated financial results for Q4 and FY ended 31 March 2025, with the statutory auditor (MKRJ & Co.) issuing an unqualified opinion. Several board changes were approved: Mr. Pranay Kumar Tayal was re-designated from Non-Executive Independent Director to Non-Executive Non-Independent Director; Mr. Ajay Kumar Tayal was appointed as Additional Director (Executive) and immediately designated as Whole-Time Director for a 3-year term. Four additional directors were also proposed, subject to RBI approval and proficiency tests. The company approved opening a new branch in Bokaro Steel City (Jharkhand) for business expansion, and disclosed a cyber fraud incident involving a fake website 'VANI CASH' (vanicoml.club), with a complaint already filed with the Cyber Crime Cell. Financial performance declined year-on-year, with FY25 profit before tax at roughly Rs 26 lakh versus Rs 60 lakh in FY24, EPS of Rs 0.02, and total assets shrinking to Rs 4,588 lakh from Rs 5,525 lakh as Silverlink Fintech ceased to be a subsidiary from 12 February 2025.
Shareholders should note mixed signals: governance concern from an Independent Director losing independent status and additional family-named appointees (Tayal, Abrol) joining the board, alongside a noticeable decline in profitability and assets year-on-year. The new branch and regulatory approvals (RBI) signal business expansion intent, but the cyber fraud disclosure warrants vigilance on brand misuse.