Incorporation of Subsidiary Companies
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vani Commercials Ltd held a board meeting on May 21, 2026 where it approved audited financial results for FY2026 and announced the incorporation of two new subsidiaries in the real estate sector. The company will acquire 51% stake in The Scale Estates Limited (engaged in real estate leasing and management) and GTB Projects Private Limited (engaged in real estate development and construction), both for Rs.51,000 each. Financially, the company reported revenue of Rs.571 lakhs in FY26 compared to Rs.339 lakhs in FY25, representing 68% year-on-year growth. However, profit after tax grew more modestly from Rs.26 lakhs to Rs.36 lakhs. The company also completed a preferential issue raising Rs.8.43 crore through issuance of 17.67 million equity shares to public category allottees. The equity share capital doubled from Rs.1,174 lakhs to Rs.2,941 lakhs due to this issuance.
The diversification into real estate through new subsidiaries signals a strategic shift for the NBFC-focused company. The significant fund raise through preferential issue will dilute existing shareholders but provides capital for expansion. The audit received an unmodified opinion, indicating clean financials.