ANNOUNCEMENT UNDER REGULATION 30 FOR CHANGE IN MANAGEMENT OF THE COMPANY
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At the 38th AGM held on September 3, 2025, shareholders of Vani Commercials Ltd approved the FY25 financial statements and a series of board changes. Mr. Ajay Kumar Tayal was appointed as Whole-Time Director for a 3-year term effective August 12, 2025; notably, he is the father of existing Non-Executive Non-Independent Director Mr. Pranay Kumar Tayal, bringing a family relationship onto the board. Mr. Vipin Bharadwaj and Mr. Amit Kumar Chauhan were appointed as Independent Directors for 5-year terms each. M/s Shailendra Roy and Associates was appointed as Secretarial Auditor for 5 years (April 2025 to March 2030). Shareholders also approved a revision in the terms of loan agreements with various entities.
The appointments bring fresh leadership and add two independent directors, which may strengthen board oversight. However, the induction of a Whole-Time Director who is the parent of an existing director raises family-concentration concerns on the board. The revision in loan agreement terms could affect the company's debt obligations and financial risk profile, warranting close review.