ANNOUNCEMENT FOR OPENING OF BRANCH OFFICE OF THE COMPANY
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Vani Commercials Ltd's board, at its 29 May 2025 meeting, approved standalone and consolidated audited financial results for Q4 and FY ended 31 March 2025, along with an unmodified auditor's opinion from MKRJ & Co. The company also approved opening a new branch office at Bokaro Steel City, Jharkhand, to expand business operations. Several board-level changes were made: Mr. Pranay Kumar Tayal was redesignated from Independent to Non-Independent Director, Mr. Ajay Kumar Tayal was appointed as Whole-Time Director for 3 years, and four new directors were proposed subject to RBI/IICA approvals. The board also noted a cyber fraud incident involving a fake website 'VANI CASH' (vanicoml.club), for which a complaint has been filed with the Cyber Crime Cell, New Delhi. Financially, the company's balance sheet shrank — total assets fell to ₹4,588 lakh (from ₹5,525 lakh), loans dropped to ₹4,035 lakh (from ₹5,131 lakh), borrowings declined to ₹3,080 lakh (from ₹4,022 lakh), and profit before tax slipped to ₹26 lakh (from ₹60 lakh). Subsidiary Silverlink Fintech ceased to be a subsidiary w.e.f. 12 February 2025.
The results show weakening profitability and a shrinking loan book, which is mildly negative for shareholders. The new Jharkhand branch signals intent to expand geographically, but the impact is likely modest given the company's small scale. Investors should watch the cyber fraud issue closely to ensure no customer or financial loss results from the fake 'VANI CASH' website impersonation.