Vani Commercials Limited has disclosed a substantial acquisition by Novaxdigital Technologies and Services Limited under SEBI regulations. The transaction represents a significant stake acquisition through preferential allotment, marking Novaxdigital's entry as a substantial shareholder in the company.

Acquisition Details

Novaxdigital Technologies and Services Limited (formerly known as BS Energy Vehicle Limited) has acquired 63,75,000 shares in Vani Commercials Limited, representing a 21.68% stake in the company. The acquisition was completed through preferential allotment on March 2, 2026.

Pre and Post Acquisition Holdings

Prior to this transaction, Novaxdigital held no shares in Vani Commercials Limited. The company had no voting rights, encumbrances, or convertible securities in the target company before the acquisition.

Regulatory Compliance

The disclosure has been made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Novaxdigital Technologies and Services Limited does not belong to the promoter or promoter group of Vani Commercials Limited. The target company's shares are listed on BSE Limited.

Company Background

Novaxdigital Technologies and Services Limited was formerly known as BS Energy Vehicle Limited. The acquisition represents the company's strategic investment in Vani Commercials Limited, establishing it as a significant stakeholder with substantial voting rights in the target company.

The formal disclosure was signed by an authorized signatory of Novaxdigital Technologies and Services Limited in New Delhi on March 6, 2026, completing the regulatory requirements for the substantial acquisition.

Vani Commercials Limited has successfully completed a preferential allotment of equity shares, marking a significant capital raising exercise for the loans, investment, and insurance company. The board of directors approved and concluded the allotment during their meeting held on March 2, 2026, with the meeting concluding at 6:00 P.M.

Board Meeting Outcome and Regulatory Compliance

The company has informed BSE Limited about the board meeting outcome under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The allotment was conducted in strict accordance with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, ensuring full regulatory compliance.

Allotment Details and Financial Impact

The company allotted 17666663 equity shares at an issue price of Rs. 12 per share to non-promoter and public category investors. The total fundraising comprised Rs. 8,42,99,964 raised through cash receipts and Rs. 12,76,99,992 through conversion of existing loans from the allottees.

Impact on Share Capital Structure

Following the preferential allotment, Vani Commercials' issued and paid-up capital has increased substantially to Rs. 29,40,72,830, comprising 29407283 equity shares of Rs. 10 each. The newly allotted shares will rank pari-passu with the existing equity shares of the company, providing equal rights and privileges to all shareholders.

Detailed Allottee Distribution

The preferential allotment was distributed among nine different entities as per the official annexure, showcasing a diversified investor base with varying investment patterns.

Strategic Significance and Market Impact

The preferential allotment represents a strategic move by Vani Commercials to strengthen its capital base while converting existing loan obligations into equity. This dual approach provides enhanced financial flexibility for operations in the loans, investment, and insurance sectors. The diverse investor base, including technology companies and individual investors, indicates broad market confidence in the company's business prospects and growth trajectory.