VLS Finance Limited Announces Resignation of Independent Director Gaurav Goel

VLS Finance Limited has informed stock exchanges about the resignation of Shri Gaurav Goel (DIN: 00076111) from his position as Independent Director, effective January 19, 2026. The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The company disclosed that Goel's resignation was due to certain pre-occupation and other personal commitments. In his resignation letter, Goel confirmed that there are no other material reasons for his departure beyond those mentioned.

Parameter	Details
Director Name	Shri Gaurav Goel
DIN	00076111
Position	Independent Director
Cessation Date	January 19, 2026
Reason	Personal commitments and pre-occupation

Regulatory Compliance

VLS Finance Limited has fulfilled its disclosure obligations by notifying the relevant stock exchanges, including BSE Limited (Scrip Code: 511333), National Stock Exchange of India Limited (Scrip Code: VLSFINANCE), and The Calcutta Stock Exchange Association Limited. The notification included the required annexures as per SEBI circular guidelines.

Director's Statement

In his resignation letter dated January 19, 2026, Goel expressed gratitude towards the Board members and management for their cooperation and support during his tenure. He wished the company continued success in all its endeavors and confirmed the absence of any other material reasons for his resignation.

Company Response

The resignation was accepted by the company, with Company Secretary H. Consul signing the official communication to stock exchanges. VLS Finance Limited has confirmed that Goel's cessation as Independent Director includes his departure from all other positions within the company. The company will complete all necessary intimations with stock exchanges and the Registrar of Companies as applicable.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.70%	-2.47%	+1.07%	+13.52%	-9.25%	+261.19%

VLS Finance Limited has successfully completed its comprehensive share buyback program and finalized the extinguishment of 26,31,578 equity shares on January 13, 2026, marking the complete conclusion of the company's ₹100.00 crore capital restructuring initiative.

Buyback Program Overview

The company executed a complete buyback of 26,31,578 equity shares at ₹380.00 per share through the tender offer method:

Buyback Parameter:	Details
Total shares bought back:	26,31,578 equity shares
Buyback price per share:	₹380.00
Total amount utilized:	₹99,99,99,640 (₹100.00 crores)
Settlement completion date:	December 31, 2025
Tender period:	December 18-24, 2025
Designated stock exchange:	NSE

Strong Investor Participation

The buyback program received robust investor response with oversubscription across both categories. The registrar RCMS Share Registry Private Limited processed 5,814 valid bids for 32,15,716 equity shares, representing 1.22 times the maximum shares proposed for buyback:

Bid Category:	Available Shares	Valid Bids Received	Valid Shares Received	Oversubscription
Small Shareholder Category:	3,94,737	5,032	8,60,386	2.18 times
General Category:	22,36,841	782	23,55,330	1.05 times
Total Valid Bids:	26,31,578	5,814	32,15,716	1.22 times

Share Extinguishment Process Completed

VLS Finance completed the final regulatory step by extinguishing all bought-back shares on January 13, 2026, in compliance with Regulation 24 of SEBI Buy-Back Regulations 2018. The extinguishment process was certified by multiple parties including the company, RCMS Share Registry Private Limited, and A Aggarwal & Associates Company Secretaries:

Extinguishment Details:	Information
Extinguishment date:	January 13, 2026
Shares extinguished:	26,31,578 equity shares
Face value per share:	₹10.00
NSDL confirmation:	Debit executed on January 13, 2026
Regulatory compliance:	SEBI Buy-Back Regulations 2018

Final Capital Structure Impact

The extinguishment process has finalized the company's capital structure changes, with the paid-up equity share capital officially reduced:

Capital Structure:	Pre-Extinguishment	Post-Extinguishment
Paid-up equity shares:	3,40,10,241 shares	3,13,78,663 shares
Paid-up share capital:	₹34,13,24,660	₹31,50,08,880
Authorized share capital:	₹150.00 crores	₹150.00 crores (unchanged)
Capital reduction:	-	₹2,63,15,780

Enhanced Shareholding Pattern

The post-extinguishment shareholding pattern shows increased promoter holding percentage due to the reduction in total share count:

Shareholder Category:	Pre-Buyback Holding	Post-Extinguishment Holding	Change
Promoter & Promoter Group:	52.02% (1,76,91,936 shares)	56.38% (1,76,91,936 shares)	+4.36%
Public & Others:	46.02% (1,56,53,108 shares)	43.62% (1,36,86,827 shares)	-2.40%
Foreign Investors:	1.91% (6,49,732 shares)	-	Consolidated
Financial Institutions:	0.05% (15,465 shares)	-	Consolidated

Regulatory Compliance and Documentation

The company has fulfilled all regulatory requirements with comprehensive documentation. National Securities Depository Limited confirmed the debit of 26,31,578 equity shares from the NSDL system on January 13, 2026. The extinguishment certificate was signed by Managing Director S.K. Aggarwal, Director-Finance & CFO K.K. Soni, along with representatives from RCMS Share Registry Private Limited and A Aggarwal & Associates Company Secretaries.

With the successful completion of the extinguishment process, VLS Finance has concluded its ₹100.00 crore buyback program, effectively returning capital to shareholders while enhancing the ownership percentage of continuing shareholders. The company has notified BSE Limited, National Stock Exchange of India Limited, and Calcutta Stock Exchange Association Limited of the completion.