Vakrangee Limited , a prominent player in the Indian financial services sector, has announced a significant change in its top management. Ajay Jangid, the company's Chief Financial Officer (CFO) and Key Managerial Personnel, has submitted his resignation, effective from the close of business hours on October 30, 2025.

Resignation Details

Jangid's departure, communicated through a formal letter to the Board of Directors, cites personal commitments and pre-occupations as the primary reasons for his decision. The company has confirmed that there are no other material reasons behind the resignation.

Implications for Vakrangee

The resignation of Jangid will have several immediate effects on Vakrangee Limited:

1. Leadership Change: Jangid will cease to be the CFO and Key Managerial Personnel of the company.
2. Regulatory Compliance: He will no longer be authorized to determine the materiality of events or make disclosures to stock exchanges under Regulation 30 of the SEBI Listing Regulations.
3. Financial Operations: Jangid has requested the removal of his name as an authorized signatory from all bank accounts and financial instruments of the company.

Transition Process

To ensure a smooth transition, the following steps are being taken:

• Jangid has committed to cooperating fully in the handover of responsibilities.
• The company will initiate the process of informing the Registrar of Companies (ROC), stock exchanges, and other relevant regulatory and financial institutions about this change.
• Vakrangee Limited will need to appoint a new CFO to maintain continuity in its financial operations and compliance with regulatory requirements.

Company's Statement

In its official communication to the stock exchanges, Vakrangee Limited stated:

"Mr. Ajay Jangid, Chief Financial Officer and Key Managerial Personnel of the Company, has tendered his resignation vide letter dated October 30, 2025, due to his engagement in other professional assignments. His resignation shall be effective from the close of business hours on October 30, 2025."

The company has assured stakeholders that it is taking all necessary steps to comply with regulatory requirements and maintain the stability of its financial operations during this transition period.

As Vakrangee Limited navigates this change in its top financial management, stakeholders will be keenly observing how the company manages the transition and its potential impact on the company's financial strategy and performance in the coming months.

Vakrangee Limited , a leading technology-driven company focused on building India's largest network of last-mile retail outlets, has reported mixed financial performance for the second quarter. The company's results show a decline in revenue but improvements in certain operational aspects.

Financial Highlights

Vakrangee's Q2 results demonstrate a year-over-year decline in revenue:

The company's standalone revenue from operations decreased by 2.8% compared to the same quarter last year. The consolidated revenue showed a slight increase from the previous quarter, rising from ₹6,883.83 to ₹6,907.96.

Operational Performance

Vakrangee's operational highlights for the quarter include:

• The company operates primarily through Vakrangee Kendra services.
• It also maintains an ATM products/services segment.
• Vakrangee granted 20,00,000 new stock options under its ESOP Scheme 2014 to eligible employees during the quarter.

Strategic Decisions

The Board of Directors made a significant decision during the quarter:

• Approval was given to withdraw the company's in-principle application for preferential allotment of 35,00,000 warrants convertible into equity shares.

Future Outlook

While specific growth targets were not mentioned in the provided update, Vakrangee's focus appears to be on:

• Maintaining its Vakrangee Kendra network
• Continuing operations in the ATM segment
• Employee retention and motivation through stock options

The withdrawal of the warrant application may indicate a shift in the company's capital raising or expansion strategies.

Vakrangee's Q2 performance reflects a challenging period with revenue decline, but the company continues to adapt its strategies in India's evolving digital and financial services landscape.