Vardhan Capital & Finance Limited has announced a significant restructuring of its Board of Directors with the simultaneous resignation of three key directors, effective from the close of business hours on April 15, 2026. The company disclosed this development in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, submitting comprehensive documentation to BSE Limited.

Board Composition Changes

The resignations affect both independent and non-independent director positions on the Board. All three departing directors submitted their resignation letters on the same date, indicating a coordinated departure from the company's leadership structure.

Reasons for Resignation

All three directors cited identical reasons for their departure from the Board. Each director stated their inability to continue and devote adequate time to the affairs of the company as the primary factor behind their decision to resign. The resignation letters were formally submitted to the Board of Directors at the company's registered office at 113 Commerce House, 140 N M Road Fort, Mumbai-400023.

The company has received formal confirmation from each departing director that there are no material reasons for their resignations other than those mentioned in their respective resignation letters. This disclosure aligns with regulatory requirements under SEBI guidelines.

Regulatory Compliance Framework

Vardhan Capital & Finance Limited has fulfilled its disclosure obligations under multiple regulatory frameworks:

The company confirmed that none of the departing directors hold directorship positions or committee memberships in any other listed entities. All three directors have resigned from both the Board and any committee positions they may have held within the company.

Documentation and Formal Process

The company has submitted comprehensive documentation to BSE Limited, including individual resignation letters from each director along with detailed regulatory disclosures. The resignation letters were formally received by the company on April 15, 2026, and bear the company's official stamp as acknowledgment of receipt.

Director Ramesh Vardhan (DIN: 00207488) signed the regulatory disclosure on behalf of the company, with digital signature authentication completed on April 15, 2026, at 16:11:50 +05'30'. The disclosure was addressed to the Listing Department of BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400001.

Individual Resignation Summary

The formal resignation letters submitted by each director contain identical language regarding their inability to continue and devote time to the company. Each letter was addressed to the Board of Directors and received on April 15, 2026:

Vardhan Capital & Finance Limited has filed its quarterly compliance certificate with BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations 2018. The submission, dated April 15, 2026, covers the quarter and year ended March 31, 2026, demonstrating the company's adherence to mandatory disclosure norms.

Regulatory Compliance Filing

The company submitted its certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 to BSE Limited's Corporate Relations Department. Director Ramesh Vardhan, bearing DIN 00207488, signed the compliance document on behalf of the company. The filing was accompanied by a certificate dated April 1, 2026, issued by Purva Sharegistry (India) Pvt. Ltd., which serves as the company's Registrar and Share Transfer Agent.

Certificate Details and Confirmation

Purva Sharegistry (India) Pvt. Ltd., registered with SEBI under registration number INR000001112 as Category 1 Registrars to IPO & Share Transfer Agents, provided the mandatory confirmation certificate. Ms. Deepali Gaonkar, Compliance Officer at Purva Sharegistry, signed the certificate confirming compliance with regulatory requirements for the quarter ended March 2026.

Dematerialization Activity Summary

The quarterly report reveals no dematerialization activity during the specified period. The detailed breakdown of share certificates dematerialized from January 1, 2026, to March 31, 2026, shows the following:

Regulatory Framework Compliance

The certificate confirms that securities received from depository participants for dematerialization during the quarter were properly processed according to SEBI regulations. Purva Sharegistry confirmed that all security certificates received for dematerialization were handled within prescribed timelines, with proper verification procedures followed by depository participants. The registrar also confirmed that depositary names were appropriately substituted in the register of members as registered owners where applicable.