Outcome of the Board Meeting dated 29th January, 2026 at 11:00 A.M. to consider and approve the issuance of corrigendum to the Notice of Extra-Ordinary General Meeting held on 21st November, 2025.
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The Board of Vani Commercials Limited met on 29th January 2026 and approved a corrigendum to the notice of its 1st EGM (held on 21st November 2025) for a preferential issue of 3,22,41,655 equity shares at INR 12 per share (face value INR 10, premium INR 2), aggregating to INR 38,68,99,860. The corrigendum was issued in response to a query from BSE dated 27th January 2026 to fix a minor clerical error (total was wrongly shown as INR 38,68,99,883 instead of INR 38,68,99,860) and to add missing details on the 26 proposed allottees. Of the total, 1,83,91,657 shares (INR 22.07 crore) are for cash to 23 allottees, 31,91,666 shares (INR 3.83 crore) are by way of loan conversion to 1 allottee, and 1,06,58,332 shares (INR 12.79 crore) are partly cash and partly loan conversion to 2 allottees. Remote e-voting for the amended Resolution No. 4 will run from 31st January to 2nd February 2026, with results to be declared by 4th February 2026. Mr. Devender Singh has been appointed as the scrutinizer for the e-voting process.
The corrigendum is procedural and does not change the size, price, or structure of the preferential issue, but provides clarity to shareholders before they vote. If approved, the preferential allotment will raise about INR 25 crore in cash and convert roughly INR 13.67 crore of loans into equity, leading to significant dilution - the 26 allottees will collectively hold about 73.97% of the post-issue capital. Shareholders should vote on the amended Resolution No. 4 during the 31st January to 2nd February 2026 e-voting window.