Vinny Overseas Limited has appointed two new independent directors and approved the revised notice for its upcoming annual general meeting. The board also recommended the reappointment of a retiring director.

The appointments were made during a board meeting held on September 2, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Appointments

The Nomination and Remuneration Committee recommended the appointment of Mr. Divyaprakash Jagdishchandra Chechani and Mr. Parag Kailash Chandrajagetiya as independent directors. Both appointments are effective from September 27, 2026, for a term of five years, ending on September 26, 2031.

These appointments are subject to shareholder approval at the ensuing annual general meeting and other statutory regulatory approvals. The company confirmed that both individuals meet the independence criteria under Section 149 of the Companies Act and are not debarred from holding office by SEBI or any other authority.

Mr. Chechani brings over 20 years of experience in banking, finance, import-export operations, and logistics. He currently serves as Chief Financial Officer of Ratnadeep Metal & Tubes Ltd. Mr. Jagetiya is a Fellow Chartered Accountant with expertise in audit, assurance, taxation, and corporate governance. He is also qualified in Information Systems Audit and Artificial Intelligence.

AGM and Corporate Actions

The board approved the revised draft notice for the 34th Annual General Meeting, scheduled for September 25, 2026, at 2:30 pm. The meeting will be conducted via Video Conferencing or Other Audio-Visual Means.

The date remains unchanged from the previous intimation issued on August 14, 2026. The register of members and share transfer books will remain closed from September 19, 2026, to September 25, 2026, inclusive, for the purpose of the AGM.

Additionally, the board recommended the reappointment of Ms. Nishita Shah (DIN: 07197925), who retires by rotation, subject to member approval. The secretarial audit report for the financial year ended March 31, 2026, remains unchanged and forms part of the revised board report.

Vinny Overseas Limited has received a notice from the Principal Commissioner of Customs at Mundra port, Kutch, Gujarat, alleging wilful mis-declaration and mis-classification of imported transfer/sublimation paper. The notice, issued under Section 28(4) read with Section 124 of the Customs Act, 1962, covers the period from July 6, 2023, to November 4, 2024.

The customs authority alleges that the company misclassified the imported goods to avail a lower Integrated Goods and Services Tax (IGST) rate of 12% instead of 18%, as well as to claim a 30% Basic Customs Duty (BCD) exemption. This action is said to have resulted in the short-payment of customs duty.

Notice Details

The notice involves an assessable value of imported goods held liable for confiscation amounting to ₹13,13,87,104. The specific financial demands outlined in the notice are:

The company received the communication on August 18, 2026. It invoked Sections 17, 28(4), 28AA, 28DA(10)(i), 111(m), 112(a), and 114A of the Customs Act, 1962, in its proceedings.

Company Response

Vinny Overseas disclosed the receipt of the notice pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated it is reviewing the notice and will respond within the prescribed timelines.

Management indicated that it does not anticipate any material impact on its financial, operational, or other activities due to this development.