CHANGE IN DIRECTORATE OF THE COMPANY
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Vani Commercials reported Q1 FY26 (ended 30 June 2025) results, swinging back to a profit of ₹19.77 lakhs from a loss of ₹20 lakhs in Q1 FY25, on total income of ₹208.63 lakhs versus ₹139 lakhs year-on-year. Basic and diluted EPS stood at ₹0.17 compared to ₹(0.17) previously. The Board appointed Mr. Amit Kumar Chauhan (DIN: 09527510) as an Additional Independent Director, and approved a new Secretarial Auditor (M/s Shailendra Roy and Associates) for a five-year term starting FY26. The Board also approved converting outstanding company loans into equity shares, subject to loan-holder consent by 12 August 2025 and shareholder approval at the 38th AGM. The 38th AGM is scheduled for 3 September 2025 via video conferencing, with no dividend declared.
The loan-to-equity conversion could lead to equity dilution for existing shareholders once approved at the AGM, while the return to quarterly profitability is a modest positive signal. The new independent director appointment and auditor change are routine governance updates.