Growington ventures India Limited has officially confirmed to BSE Limited that it does not qualify as a Large Corporate under the Securities and Exchange Board of India's regulatory framework. The company, formerly known as VMV Holidays Ltd, submitted this confirmation on April 20, 2026.

Regulatory Compliance Confirmation

The company's communication to BSE references the SEBI circular dated November 26, 2018, which pertains to fund raising by issuance of debt securities by large entities. Growington Ventures has confirmed that as of March 31, 2026, it does not meet the applicability criteria to be classified as a Large Corporate under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144.

Corporate Information

Growington Ventures India Limited operates under CIN L63090MH2010PLC363537 and was previously known as VMV Holidays Ltd. The company's confirmation letter was digitally signed by Company Secretary and Compliance Officer Sunita Gupta Maskara (Membership No: 57186) and Chief Financial Officer Mukesh Patwa.

Regulatory Implications

This confirmation exempts Growington Ventures from specific regulatory requirements that apply to entities classified as Large Corporates under the SEBI framework. The classification relates to fund raising activities through debt securities issuance, with the regulatory circular establishing specific criteria and compliance obligations for large entities in the Indian capital markets.

Growington ventures India Limited has announced the appointment of Mr. Ankit Jalan as Independent Director, marking a significant addition to its board composition. The appointment was formally approved during a board meeting held on April 17, 2026, demonstrating the company's commitment to strengthening its governance structure.

Board Meeting Details and Approval Process

The board meeting commenced at 01:30 P.M. and concluded at 02:05 P.M. on Friday, April 17, 2026. The appointment was made following the recommendation of the company's Nomination and Remuneration Committee, ensuring proper procedural compliance under corporate governance norms.

Director Profile and Qualifications

Mr. Ankit Jalan brings valuable expertise to the board with his educational background and professional experience. He holds a graduate degree and is a Member of the Institute of Company Secretaries of India. Currently, he serves as Company Secretary at Jekay Wagons Limited, providing him with relevant corporate governance experience.

Regulatory Compliance and Confirmations

The company has ensured full compliance with regulatory requirements for the appointment. Mr. Jalan has provided necessary confirmations regarding his eligibility to serve as an Independent Director. Key compliance aspects include:

• Confirmation that he is not debarred from holding directorship by SEBI or any other authority
• Declaration of no relationship with existing directors or key managerial personnel
• Confirmation of non-disqualification under Section 164 of the Companies Act, 2013

Disclosure Requirements

The appointment has been disclosed in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed disclosures as required under SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015.

The appointment strengthens Growington Ventures India Limited's board structure with the addition of an experienced professional who meets all regulatory requirements for independent directorship. The company, formerly known as VMV Holidays Ltd, continues to enhance its corporate governance framework through strategic board appointments.