VLS Finance Limited shareholders approved a final dividend of ₹1.50 per equity share for the financial year ended March 31, 2026. The payout was ratified during the company's 39th Annual General Meeting (AGM), held on September 29, 2026.

The meeting, conducted through Video Conferencing and Other Audio Visual Means, also saw the adoption of the audited standalone and consolidated financial statements for FY26. A total of 64 members, holding 1,38,38,044 equity shares in aggregate, participated in the proceedings.

Key resolutions passed

The AGM transacted seven items of business as outlined in the notice dated August 11, 2026. All resolutions were passed by the members present:

Governance and leadership updates

Suresh Kumar Agarwal, Managing Director, chaired the meeting after Anoop Mishra, Chairman of the Board, expressed inability to attend. The meeting was attended by committee chairmen including A. K. Jain (Audit and Nomination & Remuneration Committees) and Najeeb Hamid Jung (CSR Committee).

The Company Secretary confirmed that there were no adverse remarks or qualifications in the Statutory Auditor's Report or the Secretarial Auditor's Report regarding the annual accounts. Members were provided facilities for remote e-voting and live e-voting during the session.

Meeting proceedings details

The AGM commenced at 3:30 pm and concluded at 4:17 pm. The e-voting portal remained open until 4:32 pm to allow members to complete their votes. The results of the voting are scheduled to be announced within two working days of the conclusion of the meeting.

VLS Finance Limited received a provisional attachment order from the Income Tax Department targeting 5,41,394 equity shares held by its deceased promoters. The action, taken under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, relates to alleged undisclosed foreign assets.

The order was issued by the Office of the Deputy Director of Income Tax, Investigation DD/ADIT (Inv) - 3(1) FAIU, Delhi, on September 22, 2026. The company disclosed this development to the BSE and NSE on September 24, 2026, citing Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The shares in question were originally held by Ms. Divya Mehrotra and subsequently passed to Shri Mahesh Prasad Mehrotra, both of whom are deceased.

Nature of the regulatory action

The attachment covers movable and immovable properties of the promoter pending the conclusion of proceedings initiated under the Black Money Act and Section 281B of the Income-tax Act, 1961. The specific allegation involves undisclosed foreign assets representing income that has not been disclosed for taxation purposes in India.

Impact assessment

VLS Finance stated that the management perceives no material impact on its financials, operations, or other activities due to this order. The company clarified that the attachment is against the personal holdings of the promoters and not the corporate entity itself. The information was served via email at 4:29 pm on September 23, 2026, and came to the company's knowledge at approximately 5:30 pm.

What the numbers show

The attachment targets a specific block of 5,41,393 shares previously held by Ms. Divya Mehrotra and 1 share held directly by Shri Mahesh Prasad Mehrotra. This concentration indicates that the regulatory action is isolated to the legacy promoter estate rather than widespread institutional or public holding, limiting immediate liquidity pressure on the broader shareholder base.