ANNOUNCEMENT UNDER REGULATION 30 FOR CHANGE IN DIRECTORATE
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Awaiting price reaction for this filing.
At the 38th AGM held on 3rd September 2025, shareholders of Vani Commercials Ltd approved the FY25 financial statements and several board changes. Mr. Ajay Kumar Tayal (DIN: 02884256) was appointed as Whole-Time Director for 3 years; he is the father of existing Non-Executive Non-Independent Director Mr. Pranay Kumar Tayal, highlighting a promoter-family connection. Two new Independent Directors were also appointed: Mr. Vipin Bharadwaj and Mr. Amit Kumar Chauhan, each for a 5-year term. Additionally, M/s Shailendra Roy and Associates was appointed as Secretarial Auditor for 5 years (April 2025 to March 2030), and revisions in terms of loan agreements with various entities were approved.
Board restructuring with addition of a family-connected executive director and two independent directors may strengthen governance oversight, though the promoter-family appointment could raise governance concerns. The loan revision and new secretarial auditor signal ongoing capital and compliance realignment, with limited immediate price impact expected.