VLS Finance Limited Shareholders Approve Executive Director Remuneration Revision Through Postal Ballot

VLS Finance Limited has successfully completed its postal ballot process for the revision of Executive Director remuneration, with shareholders demonstrating overwhelming support for the proposed changes. The company announced the voting results on April 13, 2026, following the completion of the remote e-voting period.

Postal Ballot Process and Timeline

The postal ballot notice was issued on February 13, 2026, with the remote e-voting period commencing on March 11, 2026 at 9:00 AM IST and concluding on April 09, 2026 at 5:00 PM IST. The record date for determining eligible shareholders was set as February 27, 2026, with a total of 24,722 shareholders on record.

Parameter:	Details
Notice Date:	February 13, 2026
Record Date:	February 27, 2026
E-voting Period:	March 11 - April 09, 2026
Total Shareholders:	24,722
Resolutions Passed:	1

Resolution Details and Voting Results

The sole agenda item was an ordinary resolution for the revision in remuneration structure of Shri Keshav Tandan (DIN: 10450801), Executive Director of the Company. The resolution received exceptional support across all shareholder categories.

Category:	Shares Held	Votes Polled	Polling %	Votes in Favour	Votes Against	Approval %
Promoter Group:	17,691,836	13,793,806.00	77.97%	13,793,806.00	0.00	100.00%
Public Institutions:	443,942	409,601.00	92.26%	409,601.00	0.00	100.00%
Public Non-Institutions:	13,242,885	23,493.00	0.18%	20,844.00	2,649.00	88.72%
Total:	31,378,663	14,226,900.00	45.34%	14,224,251.00	2,649.00	99.98%

Scrutinizer Report and Compliance

Ashutosh Aggarwal of A Aggarwal and Associates Company Secretaries served as the appointed scrutinizer for the postal ballot process. The scrutinizer's report, dated April 13, 2026, confirmed that the resolution was passed with the requisite majority in accordance with the Companies Act, 2013.

Key aspects of the process included:

Electronic dispatch of postal ballot notices completed on March 10, 2026
Advertisement published in Financial Express (English) and Jansatta (Hindi) on March 11, 2026
E-voting facility provided through NSDL platform
Votes unblocked on April 10, 2026 at 4:07 PM in the presence of witnesses

Regulatory Compliance and Disclosure

The voting results have been submitted to all relevant stock exchanges where VLS Finance shares are listed, including NSE, BSE, and Calcutta Stock Exchange. The company has also published the complete voting results on its website at www.vlsfinance.com as required under Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The resolution was deemed passed on the last date of e-voting, April 09, 2026, with the company confirming that promoters and promoter groups had no interest in the agenda item. The high approval rate of 99.98% reflects strong shareholder confidence in the proposed remuneration revision for the Executive Director.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.66%	+6.22%	-0.14%	+7.28%	+10.78%	+190.59%

VLS Finance Limited has filed its quarterly compliance certificate with stock exchanges, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.

Regulatory Filing Details

The company submitted the mandatory certificate under Regulation 74(5) of SEBI regulations on April 10, 2026, to BSE Limited and other stock exchanges where its securities are listed. The filing includes a confirmation certificate from RCMC Share Registry Private Limited, which serves as the company's Registrar and Share Transfer Agent.

Parameter:	Details
Filing Date:	April 10, 2026
Quarter Covered:	Q4 FY26 (ended March 31, 2026)
Regulation:	SEBI (Depositories and Participants) Regulations, 2018 - Section 74(5)
Registrar:	RCMC Share Registry Private Limited

Compliance Confirmation

RCMC Share Registry Private Limited confirmed that all securities received from depository participants for dematerialisation during Q4 FY26 were properly processed and confirmed to the depositories. The registrar verified that:

Securities received for dematerialisation were confirmed (accepted/rejected) to depositories
All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
Security certificates received for dematerialisation were mutilated and cancelled after due verification
Depository names were substituted in the register of members as registered owners within the prescribed 15-day period

Stock Exchange Communications

The filing was communicated to multiple stock exchanges where VLS Finance securities are traded:

Exchange:	Details
BSE Limited:	Scrip Code 511333
National Stock Exchange:	Scrip Code VLSFINANCE
Calcutta Stock Exchange:	Code 032019

Corporate Information

VLS Finance Limited, incorporated with CIN L65910DL1986PLC023129, operates from its registered office at Ground Floor, 90, Okhla Industrial Estate, Phase III, New Delhi. The compliance certificate was signed by H. Consul, Company Secretary (Membership No. A11183), ensuring proper corporate governance and regulatory adherence.

This quarterly filing represents standard regulatory compliance for listed companies, ensuring transparency in dematerialisation processes and maintaining investor confidence through proper documentation and verification procedures.