Vedant Asset Limited has announced the book closure period for its 11th Annual General Meeting (AGM). The Register of Members and Share Transfer Book will remain closed from Tuesday, September 22, 2026, to Saturday, September 26, 2026.

This disclosure follows the Board of Directors' meeting held on September 4, 2026, where the Directors' Report for FY26 was approved. The company scheduled the AGM for Saturday, September 26, 2026, at 3:00 pm IST. The meeting will be conducted through Video Conferencing or other Audio-Visual means, in accordance with Ministry of Corporate Affairs and SEBI circulars.

Meeting Outcomes

The Board considered and approved several key items during the session:

• Approval of the Directors' Report along with annexures for FY26.
• Decision to hold the 11th AGM of members on Saturday, September 26, 2026, at 3:00 pm IST.
• Review and noting of the Secretarial Audit Report for FY26.
• Appointment of C. Prasad & Co. (C.O.P 27459), a Practicing Company Secretary, as the scrutinizer for voting results at the upcoming AGM.

Regulatory Compliance

Lallit Tripathi, Managing Director of Vedant Asset Limited (DIN: 07220161), signed the outcome intimation addressed to the Listing Department of BSE Limited (SME). The disclosure was made in compliance with Regulation 30 of the SEBI LODR Regulations, 2015.

Previously, CS Neha Sharma, Company Secretary and Compliance Officer, had signed the initial meeting intimation on September 2, 2026. The book closure intimation was issued pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 91 of the Companies Act 2013.

Vedant Asset reported an 80.6% year-on-year rise in net profit after tax (PAT) for FY26, reaching ₹40.07 lakh. The financial services firm also confirmed that its 11th Annual General Meeting (AGM) will be held on September 26, 2026, via video conferencing.

The BSE SME-listed company saw revenue from operations grow by 40.2% to ₹474.81 lakh in FY26, compared to ₹338.74 lakh in the previous year. This growth was driven primarily by a 65.5% increase in brokerage and commission income, alongside a more than doubling of business correspondent (BC) collection income.

Financial Performance

Total income rose 29.6% to ₹497.05 lakh. While revenue from operations expanded significantly, other income declined by 50.4% to ₹22.24 lakh due to lower non-cash recognition of BC infrastructure fund income. Total expenses increased by 27.9% to ₹443.28 lakh, largely reflecting higher employee benefit expenses and operational costs associated with network expansion.

What the Numbers Show

The divergence between revenue growth and profit growth highlights the impact of accounting adjustments on the bottom line. Depreciation and amortization expenses fell sharply by 81.1% to ₹5.10 lakh from ₹26.93 lakh in FY25, following the write-off of related fixed assets. This reduction in non-cash charges, combined with a lower effective tax rate, contributed significantly to the doubling of net profit despite a modest expansion in net profit margins from 5.79% to 8.06%.

AGM and Corporate Governance

The Board of Directors approved the notice for the AGM on September 4, 2026. Key agenda items include the adoption of the audited financial statements for FY26 and the re-appointment of Lallit Tripathi as Managing Director. Members holding shares as of September 21, 2026, are eligible to vote.

Remote e-voting will be facilitated by Bigshare Services Private Limited. The voting window opens on September 22, 2026, at 9:00 am and closes on September 25, 2026, at 5:00 pm. Shareholders who have not voted remotely may cast their votes during the virtual meeting. The register of members and share transfer books will remain closed from September 22, 2026, to September 26, 2026, inclusive.

Auditor Observations

Statutory auditors N.K. Kejriwal & Co. issued an unqualified opinion on the financial statements. However, they noted that Tax Deducted at Source (TDS) reconciliation with Form 26AS is pending updates and highlighted an outstanding income tax demand for Assessment Year 2021-22, the impact of which has not been accounted for in the current financials.