APPOINTMENT OF SECRETARIAL AUDITOR OF THE COMPANY FOR A TERM OF 5 YEARS W.E.F. 1ST APRIL, 2025
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Vani Commercials Ltd's board, meeting on 12 August 2025, approved the unaudited Q1 FY26 financial results (quarter ended 30 June 2025). Total income stood at around ₹208.63 lakh, with a profit of ₹19.77 lakh versus a loss of ₹20 lakh in the same quarter last year. Basic and diluted EPS for the quarter was ₹0.17. The board also appointed M/s Shailendra Roy and Associates as the new Secretarial Auditor for a 5-year term from 1 April 2025 to 31 March 2030, subject to shareholder approval. Mr. Amit Kumar Chauhan (DIN: 09527510) was appointed as an Additional Independent Director, also subject to shareholder approval at the upcoming 38th AGM. The board cleared converting outstanding loans into equity shares, subject to lender and member consent at the 38th AGM scheduled for 3 September 2025.
The shift from a loss to a profit in Q1 FY26 is a positive signal for the small-cap NBFC. However, the proposed loan-to-equity conversion may lead to dilution for existing shareholders once approved at the AGM, while the new independent director adds to board oversight.