Vani Commercials Ltd — Important, 24-10-2025: Company Update

Vani Commercials' board has approved a preferential issue of 3.22 Cr equity shares at Rs 12 per share, including a Rs 2 premium, to various investors. This capital raise aims to fund growth and expand the company's financial services offerings. The board also approved increasing the authorized share capital from Rs 13.05 Cr to Rs 50 Cr. Furthermore, the company will broaden its business scope by altering its Memorandum of Association to include financial technology, digital payments, lending, stressed asset acquisition, insurance intermediation, and financial product distribution. These proposals require shareholder approval at an upcoming Extra-Ordinary General Meeting.