V.B. Desai Financial Services Limited, a Category I Merchant Banker registered with SEBI (Registration No. INM 000002731), has notified the BSE of an upcoming Board of Directors meeting. The intimation, filed on May 18, 2026, was submitted in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Details

The meeting of the Board of Directors is scheduled for Monday, May 25, 2026. The key agenda items to be transacted at the meeting are outlined below:

Agenda of the Meeting

The Board will convene to address the following business:

• Approval of Audited Financial Results for the quarter and year ended March 31, 2026, pursuant to Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
• Any other matter with the permission of the Chair and with the consent of a majority of the Directors present at the meeting.

Regulatory Compliance

The intimation was submitted to the Corporate Relations Department of BSE Limited, P.J. Towers, Dalal Street, Mumbai – 400 001. The notice was signed by Pradip R Shroff, Managing Director (DIN: 00286291), on behalf of V.B. Desai Financial Services Limited. The filing underscores the company's adherence to its disclosure obligations under the applicable SEBI regulations.

VB Desai Financial Services Limited has notified BSE Limited about its exemption from filing the Annual Secretarial Compliance report under Regulation 24(A) of SEBI (Listing Obligations and Disclosure Requirements) Regulations for the financial year ended March 31, 2026. The exemption is based on the company's financial position falling below prescribed regulatory thresholds.

Regulatory Exemption Details

The company qualifies for exemption under Regulation 15(2)(a) of SEBI LODR Regulations, 2015, as both its paid-up equity share capital and net worth remain below the specified limits. According to the regulation, companies with paid-up capital not exceeding Rs. 10 crore and net worth not exceeding Rs. 25 crore as on the last day of the previous financial year are exempted from various compliance requirements.

Financial Position

The company's current financial standing as of March 31, 2026:

Exempted Regulations

Due to meeting the exemption criteria, the following SEBI LODR regulations are not applicable to the company for FY26:

• Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 26A, and 27
• Clauses (b) to (i) and (t) of sub-regulation (2) of regulation 46
• Para C, D and E of Schedule V

Company Commitment

VB Desai Financial Services, which operates as a Category II Merchant Banker with SEBI Registration No. INM 000002731, has undertaken to file the required reports under Regulation 24A once the company crosses the exempted threshold levels. Company Secretary and Compliance Officer Kamlesh M Gagavani signed the notification dated April 14, 2026, formally communicating this exemption status to the stock exchange.

The exemption provides regulatory relief to smaller companies while ensuring they remain committed to compliance once they achieve the prescribed size thresholds.