Shri Dinesh Kumar Mehrotra ceased to be a Non-Executive, Independent Director of VLS Finance effective June 28, 2026, upon the completion of his second five-year term. The transition occurred at the close of business hours on the specified date, concluding his tenure with the non-banking financial company. This change impacts the board composition as the company moves forward without the director who served for a decade across two terms.

The disclosure was submitted to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was also filed in reference to a specific SEBI circular dated January 30, 2026, which outlines the requisite details for such cessations. The company confirmed that there were no other directorships or committee memberships in listed entities to be disclosed for the outgoing director.

Details of Cessation

The following table outlines the specific details regarding the change in directorship as provided in the regulatory filing:

The company has requested the exchanges to take the cessation of Shri Dinesh Kumar Mehrotra on record. VLS Finance Limited, headquartered in New Delhi, has scrip code 511333 on the BSE and VLSFINANCE on the NSE.

VLS Capital Limited, a constituent of the promoter group of VLS Finance , has confirmed that it did not create any encumbrance on shares held by the target company during the financial year ended March 31, 2026. The disclosure, submitted by Managing Director Tej Bhan Gupta, was made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. This regulatory filing ensures transparency regarding the pledging or hypothecation of shares by promoter group entities.

The declaration states that VLS Capital Limited, along with other constituents including persons acting in concert, has not created any encumbrance, whether directly or indirectly, over the shares held by them of VLS Finance Limited. The confirmation specifically applies to the financial year ended March 31, 2026, and excludes any encumbrances that may have been disclosed during the said period. The filing was addressed to BSE Ltd. and copied to the National Stock Exchange of India Ltd., the Calcutta Stock Exchange Association Ltd., and the Audit Committee of the Board of Directors of VLS Finance Limited.

Key Details of the Disclosure

The disclosure was signed by Tej Bhan Gupta, Managing Director of VLS Capital Limited, bearing DIN 00106181. The document was submitted from New Delhi on April 6, 2026, to comply with regulatory requirements governing substantial acquisitions and takeovers.