ANNUAL REPORT FOR THE FINANCIAL YEAR 2024-2025
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Vani Commercials Ltd, a BSE-listed NBFC (Scrip Code: 538918), has submitted its 38th Annual Report for the financial year ended 31st March 2025. The 38th Annual General Meeting is scheduled for Wednesday, 3rd September 2025 at 11:00 A.M. via Video Conferencing (VC)/OAVM. Key business items at the AGM include adoption of audited standalone and consolidated financial statements, re-appointment of Managing Director Mr. Vishal Abrol (holding 8,30,110 shares), and appointment of Mr. Ajay Kumar Tayal as Whole-Time Director for 3 years (with prior RBI approval dated 3rd March 2025). The company also proposes appointing two new Independent Directors — Mr. Vipin Bharadwaj and Mr. Amit Kumar Chauhan — each for a 5-year term, and M/s Shailendra Roy & Associates as the new Secretarial Auditor for 5 years. A special resolution is proposed to revise loan agreements with various entities, including the possibility of converting loans into equity shares of the company.
The AGM notice signals board-level renewal (new Whole-Time Director and two Independent Directors) and a potentially significant corporate action through the loan-to-equity conversion proposal, which could dilute existing shareholders depending on terms finalised. The RBI pre-approval for the Whole-Time Director appointment and the company's NBFC status suggest ongoing regulatory compliance. Shareholders should review the proposed loan conversion terms carefully as it may impact shareholding structure.