The Board approved the alteration in the MOA and Adoption of new set of MOA of the company as per Companies Act, 2013 subject to approval of the members in the ensuing general meeting
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The Board of Vani Commercials Ltd has approved a preferential issue of 3,22,41,667 equity shares (face value Rs. 10) at Rs. 12 per share (including a Rs. 2 premium) to non-promoter and public category investors, potentially raising about Rs. 38.69 crore. All 26 proposed allottees are non-promoter entities and individuals. The Board also approved increasing the authorised share capital from Rs. 13.05 crore to Rs. 50 crore (from 1.30 crore shares to 5 crore shares) to accommodate this issue. The main objects clause of the MOA is being altered to sharply widen the company's business into fintech, digital payments and wallets, payment gateway/aggregator services, lending (personal, vehicle, housing loans), insurance intermediation, securities distribution, and asset reconstruction. Existing MOA and AOA (under the old Companies Act 1956) are being replaced with new versions compliant with the Companies Act 2013. All approvals are subject to shareholder consent at an Extra-Ordinary General Meeting scheduled for 21st November 2025.
Existing shareholders will see meaningful dilution as over 3.22 crore new shares (all to non-promoters) are issued, which could weigh on short-term share price. However, the wider object clause signals a major pivot into high-growth fintech, lending, and insurance businesses, and the Rs. ~38.7 crore inflow strengthens the company's capital base for this expansion.