VLS Finance Limited has made two significant announcements that could impact its shareholders and corporate governance structure.

Share Buyback Program

The board of VLS Finance has approved a share buyback program with the following details:

This move may be aimed at rewarding shareholders and potentially improving the company's earnings per share.

New Independent Director Appointment

In addition to the buyback announcement, VLS Finance has made changes to its board composition:

• New Appointment: Gaurav Goel
• Position: Additional Non-Executive Independent Director
• Effective Date: Not specified in the provided information

The company has also approved a postal ballot notice to obtain the requisite member approvals for this appointment, in line with corporate governance practices.

Implications for Shareholders

1. Buyback Participation: Eligible shareholders as of the record date (December 12, 2025) may have the opportunity to participate in the buyback program.

2. Corporate Governance: The appointment of a new independent director could bring fresh perspectives to the board and potentially enhance the company's governance structure.

3. Upcoming Postal Ballot: Shareholders should look out for the postal ballot to vote on the appointment of the new director.

Investors and stakeholders of VLS Finance should closely monitor these developments, as they may have implications for the company's capital structure, share price, and long-term strategic direction.

VLS Finance Limited , a prominent player in the financial services sector, has announced a significant change in its board composition. Gaurav Goel, who has been serving as a Non-Executive, Non-Independent Director, has tendered his resignation effective November 21, 2025. This move is part of a strategic transition within the company's leadership structure.

Resignation Details

The company disclosed the following information regarding Mr. Goel's resignation:

Transition to Independent Director Role

Mr. Goel's resignation is not a departure from the company but rather a strategic move to change his role within the organization. The resignation is aimed at facilitating his proposed reappointment as a Non-Executive, Independent Director. This transition is subject to the following conditions:

1. Approval by the Board of Directors
2. Shareholder approval
3. Compliance with applicable regulations, including:
   • Companies Act, 2013
   • SEBI (LODR) Regulations, 2015

Implications of the Transition

The shift from a Non-Independent to an Independent Director role is significant for several reasons:

1. Enhanced Corporate Governance: Independent directors play a crucial role in ensuring objective decision-making and protecting the interests of all stakeholders.
2. Regulatory Compliance: The move aligns with regulatory requirements for board composition, particularly regarding the ratio of independent to non-independent directors.
3. Fresh Perspective: As an Independent Director, Mr. Goel may bring a new level of objectivity to board discussions and decisions.

Next Steps

While Mr. Goel's resignation is effective immediately, his proposed appointment as an Independent Director will need to go through the necessary approval processes. Shareholders and market observers will likely be watching closely for announcements regarding:

• The board's decision on the proposed appointment
• The scheduling of a shareholder vote, if required
• Any changes to board committee compositions that may result from this transition

VLS Finance Limited has not provided additional details about potential changes to the board structure or any impact on the company's operations. As this corporate action unfolds, it will be important to monitor how it influences the company's governance practices and strategic direction.