Vani Commercials Limited has successfully concluded its Extraordinary General Meeting (EGM) on November 21, 2025, where shareholders unanimously approved four special resolutions, marking a significant step in the company's corporate restructuring initiatives.

EGM Outcomes

The following key resolutions were passed with 100% approval:

1. Alteration of Memorandum of Association: This includes the expansion into fintech and digital payments.
2. Alteration of Articles of Association
3. Increase in Authorized Share Capital: Raising the authorized share capital from Rs. 13.05 crore to Rs. 50.00 crore.
4. Preferential Share Allotment: Approval for issuing 32,241,655 equity shares at Rs. 12.00 per share to non-promoter public shareholders.

Voting Details

• Total Votes Polled: 194,607
• Approval Rate: 100% for all resolutions
• Voting Method: Remote e-voting

Preferential Issue Details

• Total Fundraising: Rs. 38.69 crore
  • Rs. 13.67 crore through loan conversion
  • Rs. 25.02 crore in cash
• Issue Price: Rs. 12.00 per share (including Rs. 2.00 as premium)
• Face Value: Rs. 10.00 per share
• Purpose: For working capital requirements, meeting future funding needs, and other general corporate purposes

Notable Allottees

Some of the significant proposed allotments include:

New Business Activities

The approved expansion includes:

• Financial technology services
• Digital payments
• Lending
• Insurance intermediation
• Securities distribution

The unanimous approval of these resolutions demonstrates strong shareholder support for Vani Commercials' strategic initiatives and future growth plans. The company is now positioned to proceed with its expansion into the fintech sector and strengthen its capital structure.

Investors and stakeholders are advised to consider this latest development in their assessment of the company's future prospects and potential market positioning.

Vani Commercials Limited , a company primarily engaged in housing finance, has announced a series of strategic decisions aimed at expanding its business scope and capital base. The company's board, in a meeting held on October 24, 2025, approved several key proposals that signal a significant shift in its operational focus and financial structure.

Preferential Issue and Capital Expansion

The board has given the green light for a preferential issue of 32,241,667 equity shares at Rs 12.00 per share, including a premium of Rs 2.00. This move is expected to raise approximately Rs 386.90 crore from non-promoter investors. The issue price was determined based on a valuation report by Mr. Abhinav Rajvanshi, a registered valuer.

In conjunction with this, Vani Commercials plans to increase its authorized share capital from Rs 13.05 crore to Rs 50.00 crore. This substantial increase in capital base is subject to shareholder approval at the forthcoming Extraordinary General Meeting (EGM) scheduled for November 21, 2025.

Diversification into Fintech and Financial Services

In a significant strategic shift, Vani Commercials is set to expand its business scope beyond its traditional housing finance operations. The board has approved alterations to the company's Memorandum of Association (MOA) to include a wide range of financial technology and services. The new business areas include:

1. Financial technology and digital payment solutions
2. Payment aggregator and gateway services
3. Technology-enabled financial services
4. Expanded lending and financing activities
5. Management of financial and stressed assets
6. Insurance intermediary services
7. Distribution and facilitation of various financial products

This diversification represents a major pivot for the company, potentially transforming it from a focused housing finance company to a broad-based financial services provider.

Corporate Governance and Compliance Updates

The board has also taken steps to update its corporate governance structure in line with current regulations:

1. Adoption of a new Memorandum of Association (MOA) compliant with the Companies Act, 2013
2. Approval of a new set of Articles of Association (AOA)
3. Appointment of Mr. Devender Singh as the scrutinizer for the e-voting process

Upcoming Extraordinary General Meeting

An EGM has been scheduled for November 21, 2025, at 12:00 Noon, to be held via video conferencing. Shareholders will vote on these proposals, with e-voting set to commence on November 18, 2025, and conclude on November 20, 2025.

These developments indicate that Vani Commercials is positioning itself for significant growth and diversification in the financial services sector. The success of these initiatives will depend on shareholder approval and the company's ability to execute its expanded business model effectively in a competitive market landscape.