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.

VLS Finance Limited reported a consolidated net profit of ₹2,175.06 lakh for the financial year ended March 31, 2026, a decline of 53% from ₹4,620.44 lakh in the previous year. The board recommended a dividend of ₹1.50 per share, or 15% of the face value, subject to shareholder approval at the upcoming Annual General Meeting. The record date for the dividend and AGM is fixed for September 18, 2026.

The standalone net profit for the year stood at ₹1,982.03 lakh, compared to ₹4,532.76 lakh in FY25. Total income for the consolidated entity decreased to ₹4,809.31 lakh from ₹10,808.11 lakh in the prior year. The company’s investments stood at ₹1,93,590.74 lakh as of March 31, 2026, down from ₹2,21,120.50 lakh a year earlier.

Financial Performance

The board approved the audited standalone and consolidated financial results for FY26. Agiwal & Associates, the statutory auditors, issued an unmodified opinion on the results. The company’s total assets consolidated decreased to ₹2,20,518.93 lakh from ₹2,71,060.61 lakh in the previous year.

Corporate Actions

The board approved the write-off of outstanding dues aggregating ₹9,68,880.75 recoverable from VLS Asset Management Limited, a non-material subsidiary, to facilitate its closure under Section 248 of the Companies Act, 2013. Additionally, Grant Thornton Bharat LLP was appointed as the internal auditor for FY27, subject to requisite documentation.

The 39th Annual General Meeting is scheduled for September 29, 2026, via video conferencing. The dividend, if approved, will be paid on or before October 28, 2026.