Vardhan Capital & Finance sets Sept 11-17 book closure for AGM
Vardhan Capital & Finance Limited announces book closure from September 11 to 17, 2026, for its 32nd AGM on September 17. The meeting aims to appoint Vishal Ramesh Vardhan as MD and two independent directors. Financials show a reduced net loss in FY25 compared to FY24, despite a sharp revenue decline.
*this image is generated using AI for illustrative purposes only.
Vardhan Capital & Finance Limited has scheduled its 32nd Annual General Meeting (AGM) for Thursday, September 17, 2026, at 11:00 am. The meeting will be held at the company’s registered office in Mumbai. To determine the list of eligible shareholders, the Register of Members and Share Transfer Books will remain closed from Friday, September 11, 2026, to Thursday, September 17, 2026 (both days inclusive). Shareholders holding shares as on the cut-off date of September 10, 2026, are eligible to vote via remote e-voting or at the physical venue.
Board Appointments
The primary agenda involves significant changes to the board composition. Members will vote on the appointment of Mr. Vishal Ramesh Vardhan as Managing Director. He was initially appointed as an Additional Director on December 17, 2025.
Additionally, the AGM will approve the appointment of Mrs. Sonam Vardhan as a Director liable to retire by rotation. Two Non-Executive Independent Directors are also up for appointment:
- Ms. Saroj Rathod
- Mr. Shailesh Jogani
Both independent directors will serve a five-year term from September 17, 2026, to September 16, 2031, and will not be liable to retire by rotation.
Financial Performance Context
The explanatory statement for the resolutions includes financial data for the last three audited years. The company, operating in the Non-Banking Financial Company sector, reported a decline in profitability recently.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Sales & Other Income | ₹40.11 lakh | ₹568.30 lakh | ₹1,000.13 lakh |
| Net Profit Before Tax | (₹8.70 lakh) | ₹19.63 lakh | ₹56.91 lakh |
| Net Profit After Tax | (₹11.15 lakh) | (₹54.55 lakh) | ₹40.46 lakh |
Revenue fell sharply to ₹40.11 lakh in FY25 from ₹568.30 lakh in FY24. While the company posted a net loss of ₹11.15 lakh in FY25, this represents an improvement over the net loss of ₹54.55 lakh recorded in FY24.
What the Numbers Show
The financial data reveals a divergence between pre-tax and post-tax performance in FY24. Although the company generated a net profit before tax of ₹19.63 lakh in FY24, it reported a net loss after tax of ₹54.55 lakh. This indicates that tax provisions or other non-operational charges significantly impacted the bottom line during that period, despite positive operational earnings before tax.
Voting Process
Remote e-voting will be available from September 14, 2026, at 9:00 am to September 16, 2026, at 5:00 pm. The Central Depository Services Limited (CDSL) is the authorized agency for e-voting. Shareholders can access the voting platform through their demat accounts with CDSL or NSDL, or via the CDSL e-voting website for physical shareholders.
M/s Rachana Maru Furia & Associates has been appointed as the scrutinizer for the e-voting process. The scrutinizer’s report will be submitted to the Bombay Stock Exchange within 48 hours of the AGM’s conclusion.
Historical Stock Returns for Vardhan Capital & Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
How will the appointment of Vishal Ramesh Vardhan as Managing Director influence the company's strategic turnaround plan given the sharp revenue decline in FY25?
What specific measures does management intend to implement to address the significant divergence between pre-tax profits and post-tax losses observed in FY24?
How might the addition of two new Independent Directors impact corporate governance and decision-making processes during this period of financial restructuring?
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