Vedant Asset Limited has appointed HCO & CO. as its internal auditor for the financial year 2025-2026, following a board meeting held on February 17, 2026. The appointment represents a key corporate governance decision aimed at strengthening the company's internal audit framework.

Board Meeting Details

The board of directors convened on Tuesday, February 17, 2026, with the meeting commencing at 04:00 PM and concluding at 04:30 PM. The primary agenda item was the appointment of the internal auditor, which was successfully resolved during the 30-minute session.

Regulatory Compliance

The appointment was made in strict compliance with Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework mandates listed companies to disclose material events and corporate governance decisions to ensure transparency for stakeholders.

The company has formally communicated this development to BSE Limited (SME), where Vedant Asset Limited is listed under scrip code 543623 and symbol VEDANTASSET.

Internal Audit Framework

The appointment of HCO & CO. as internal auditor for FY 2025-2026 demonstrates the company's commitment to maintaining robust internal controls and governance standards. Internal auditors play a crucial role in:

• Evaluating internal control systems
• Ensuring compliance with regulatory requirements
• Identifying operational inefficiencies
• Supporting risk management processes

Corporate Communication

The official communication was signed by CS Priya Kumari, Company Secretary & Compliance Officer (Membership No. A76908), who digitally signed the document on February 17, 2026, at 16:32:36 +05'30'. The company is headquartered at 3rd Floor Gayways House, Pee Pee Compound, Ranchi, Jharkhand 834001, India.

Vedant Asset Limited (Scrip ID: VEDANT ASSET) has announced a significant change in its top management. The company has appointed Mr. Subesh Kumar as its new Chief Financial Officer (CFO) and Key Managerial Personnel, effective August 11, 2025. This appointment comes following the resignation of Mrs. Pooja Pandey from the CFO position on July 31, 2025.

Board Decision and Regulatory Compliance

The appointment was made during a Board meeting held on August 11, 2025, which commenced at 4:00 PM and concluded at 4:30 PM. The decision was based on the recommendation of the Nomination & Remuneration Committee, in line with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

New CFO's Profile

Mr. Subesh Kumar brings over 17 years of experience to his new role at Vedant Asset Limited. His expertise spans various aspects of financial management, including:

• Handling overall finance functions of organizations
• Formulating and implementing internal control systems and procedures

The company has confirmed that Mr. Kumar is not related to any other Director of Vedant Asset Limited, ensuring independence in his role.

Management Transition

The management transition involves the following key points:

• Mrs. Pooja Pandey's resignation as CFO was effective from the closing of business hours on July 31, 2025
• Mr. Subesh Kumar's appointment as CFO and Key Managerial Personnel is effective from August 11, 2025

Company's Statement

Vedant Asset Limited, in its regulatory filing, stated, "We request you to take the above information on record and the same be treated as compliance under the applicable provision of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015."

This appointment marks a new chapter in Vedant Asset Limited's financial leadership, with Mr. Subesh Kumar's extensive experience expected to contribute to the company's financial strategies and internal control mechanisms.