The Shareholders of the Company has approved the adoption of new set of articles of association as per Companies Act, 2013
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Vani Commercials Limited held an Extraordinary General Meeting on 21st November 2025 where shareholders approved four key resolutions. First, the company adopted a new Memorandum of Association that vastly expands its business objects to include fintech, digital payments, payment gateway/aggregator services, housing finance, lending and NBFC activities, stressed asset management, and insurance intermediation. Second, a new set of Articles of Association aligned with the Companies Act, 2013 was adopted. Third, the authorized share capital was increased from Rs. 13.05 crore (1.305 crore shares of Rs. 10 each) to Rs. 50 crore (5 crore equity shares of Rs. 10 each). Fourth, shareholders approved a preferential issue of up to 3,22,41,655 equity shares at Rs. 12 per share (including a Rs. 2 premium) to 26 non-promoter/public category allottees.
This marks a sharp strategic pivot into financial services and fintech, moving well beyond the company's existing commercial activities. The preferential issue could raise roughly Rs. 38.7 crore but represents a major dilution event — the share count will more than double on full allotment — so existing shareholders should expect meaningful per-share dilution and pay close attention to the valuation rationale and end use of funds.