Vasudhagama Enterprises Ltd — Important, 23-12-2025: Company Update

Vasudhagama Enterprises has appointed Parth R Shah And Co as its new statutory auditor for five years. The Company Secretary, Riti Jain, has resigned. The company has significantly scaled back operations and reduced its workforce because payment gateway providers halted services due to a lack of clarity in the business and regulatory environment. Although not involved in gaming, VEL's services were impacted, prompting plans to pivot its business and subsidiaries. The audit committee and board will take steps to recover long-outstanding business advances.