NOTICE OF 38TH ANNUAL GENERAL MEETING OF THE COMPANY SCHEDULED TO BE HELD ON 03RD SEPTEMBER, 2025
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Vani Commercials Limited has called its 38th Annual General Meeting (AGM) for Wednesday, 3rd September 2025 at 11:00 AM, to be held via Video Conferencing (VC) or OAVM. Shareholders will vote on adopting the audited financial statements for FY ending 31st March 2025, and on re-appointing Mr. Vishal Abrol as a director (retiring by rotation). Key special business items include the appointment of Mr. Ajay Kumar Tayal as Whole-Time Director for 3 years (29 May 2025 to 28 May 2028) with RBI approval dated 3rd March 2025, and the appointment of two new Independent Directors — Mr. Vipin Bharadwaj and Mr. Amit Kumar Chauhan — each for a 5-year term. Shareholders will also consider appointing M/s Shailendra Roy & Associates as Secretarial Auditor for 5 years, and importantly, approve a revision in loan agreements with various entities, which could include conversion of those loans into equity shares.
Most items are routine, but the loan agreement revision (Item 8) is worth watching — if approved, lenders may convert outstanding loans into equity, which could dilute existing shareholders' holdings. New director appointments bring changes to board composition and an annual remuneration of Rs. 12 lakh for the new Whole-Time Director.