The board approved the adoption of new sets of AOA of the Company as per Companies Act, 2013 subject to approval of the members in the ensuing general meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vani Commercials Ltd's board, at its October 24, 2025 meeting, approved a preferential issue of up to 3,22,41,667 equity shares at Rs. 12 per share (including a Rs. 2 premium over the Rs. 10 face value) to 26 non-promoter allottees, potentially raising around Rs. 38.69 crore. The board also approved increasing authorized share capital from Rs. 13.05 crore to Rs. 50 crore (from 1.30 crore shares to 5 crore shares) to accommodate the issuance. Significantly, the company is amending its main objects clause to add businesses across fintech, digital payments, payment gateways, lending and financing, insurance intermediation, asset reconstruction, and securities distribution. The board further approved adoption of new MOA and AOA aligned with the Companies Act, 2013. An Extra-Ordinary General Meeting is scheduled for November 21, 2025 to seek shareholder approval for all these proposals.
The preferential issue will dilute existing shareholders' stakes, but the Rs. 38+ crore infusion and the sharp pivot into fintech, lending, and financial services signal a major strategic transformation. Shareholders should watch for EGM approval (November 21, 2025) and subsequent execution, as the new business lines represent a material shift from the company's current loans and investments focus.