RELATED PARTY TRANSACTIONS FOR THE HALF YEAR ENDED ON 31ST MARCH 2025
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Awaiting price reaction for this filing.
Vani Commercials' board met on May 29, 2025 and approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, along with an unqualified audit opinion from MKRJ & Co. Profit before tax stood at Rs. 26 lakh for FY25, down from Rs. 60 lakh in FY24, with EPS at Rs. 0.01 vs Rs. 0.02 earlier. Silverlink Fintech Pvt Ltd ceased to be a subsidiary from February 12, 2025. Several board changes were approved, notably Mr. Pranay Kumar Tayal's shift from Independent to Non-Independent Director, and Mr. Ajay Kumar Tayal's appointment as Whole-Time Director for 3 years. The board also cleared opening a new branch in Bokaro Steel City, Jharkhand, and noted a fake website 'VANI CASH' impersonating the company, for which a complaint has been filed with the Cyber Crime Cell, New Delhi. Unresolved income tax arrears of about Rs. 3.74 crore for AY 2019-20 were flagged in the auditor's report.
Profitability has dipped year-on-year and a long-pending tax demand of Rs. 3.74 crore remains outstanding, which are negatives for shareholders. The conversion of an Independent Director to Non-Independent weakens board independence. On the positive side, branch expansion and a clean audit opinion support growth, while the prompt action on the fake website protects the company's brand and customers.