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 announced the appointment of Ms. Nikita Pal as Company Secretary and Compliance Officer, effective February 24th, 2026. The appointment was made in compliance with regulatory requirements under Section 203 of the Companies Act, 2013 and SEBI Listing Regulations.

Board Approval and Meeting Details

The Board of Directors approved the appointment during their meeting held on February 24th, 2026, which commenced at 4:30 P.M. and concluded at 5:30 P.M. at the company's registered office. The decision was made following recommendations received from the Nomination and Remuneration Committee.

Appointee Profile and Qualifications

Ms. Nikita Pal brings relevant expertise to her new role as Company Secretary and Compliance Officer. She is an Associate Member of the Institute of Company Secretaries of India (ICSI) and has experience heading compliance under the Companies Act, 2013, Listing Regulations and other relevant laws related to the corporate sector.

Regulatory Compliance and Disclosures

The appointment has been made pursuant to Section 203 of the Companies Act, 2013 and SEBI Listing Regulations. The company has fulfilled all disclosure requirements under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The announcement includes comprehensive details as required under Regulation 30 read with clause 7 of Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015 and SEBI Circular HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30th, 2026. The formal communication was sent to BSE Limited regarding this appointment.

Terms of Appointment

Ms. Nikita Pal's appointment as Company Secretary and Compliance Officer is governed by the terms specified in her appointment letter. The appointment strengthens the company's compliance framework and ensures adherence to regulatory requirements across various corporate laws and listing obligations. The appointment was digitally signed and approved by Vishal Abrol, Managing Director (DIN: 06938389).