Vani Commercials Limited received BSE in-principle approval on February 17, 2026, for issuing 3,22,41,655 equity shares of Rs. 10/- each at minimum Rs. 12/- price. The approval covers 2,08,49,989 shares for preferential issue to non-promoters and 1,13,91,666 shares for loan conversion worth Rs. 13,66,99,992/-. The company must comply with comprehensive regulatory requirements including SEBI ICDR and LODR regulations, implement internal trading controls, and submit listing application within twenty days post-allotment.
Vani Commercials Limited has announced receiving in-principle approval from BSE Limited for a significant equity share issue under regulatory compliance requirements. The approval, dated February 17, 2026, authorizes the company to proceed with issuing equity shares to non-promoters on a preferential basis.
Approval Details and Share Structure
The BSE approval encompasses the issuance of 3,22,41,655 equity shares of Rs. 10/- each at a minimum price of Rs. 12/- per share. The approval is structured in two distinct components as outlined in BSE's letter reference LOD/PREF/KS/FIP/1714/2025-26.
Component Share Count Price Purpose Preferential Issue 2,08,49,989 shares Rs. 12/- minimum To non-promoters Loan Conversion 1,13,91,666 shares Rs. 12/- minimum Against loan of Rs. 13,66,99,992/- Total 3,22,41,655 shares Rs. 12/- minimum Combined issue
Regulatory Framework and Compliance Requirements
The in-principle approval comes with comprehensive regulatory compliance obligations. BSE has emphasized that this approval should not be construed as automatic listing approval, requiring separate compliance procedures for the listing process.
The company must ensure strict adherence to multiple regulatory frameworks:
Companies Act, 2013
Securities Contracts (Regulation) Act, 1956
SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Internal Controls and Trading Restrictions
BSE has mandated specific internal control measures to monitor trading activities by proposed allottees. The exchange has outlined critical requirements to prevent non-compliance with SEBI ICDR Regulations.
Key trading restrictions include:
Prohibition of intra-day trading by allottees in company scrip
No sale transactions in company scrip until allotment date
Company responsibility to obtain undertakings from allottees
Verification obligations under Regulation 167(6) of SEBI ICDR Regulations
Post-Allotment Obligations and Timeline
Following the allotment of securities, Vani Commercials must fulfill specific post-issue formalities within prescribed timelines. The company is required to submit a listing application within twenty days from the allotment date, as specified in Schedule XIX of ICDR Regulations and SEBI circular dated June 21, 2023.
Requirement Timeline Reference Listing Application Within 20 days SEBI Circular June 21, 2023 Post-Issue Formalities Without delay Regulation 14 LODR Applicable Fees With application BSE requirements
Management Communication
The announcement was communicated to BSE Limited on February 18, 2026, by Managing Director Vishal Abrol (DIN: 06938389) under Regulation 30 of SEBI LODR. The communication included the complete BSE approval letter as supporting documentation for regulatory transparency and investor information.
Vani Commercials Limited has released its unaudited standalone financial results for the quarter and nine months ended December 31, 2025, showcasing the company's financial performance during this period. The results were prepared under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
Financial Performance Overview
The company's financial results demonstrate its operational performance across multiple quarters, with detailed comparisons provided for the current quarter against preceding quarters and corresponding periods from the previous year.
Financial Metrics Q3 FY26 (Dec 2025) Q2 FY26 (Sep 2025) Q3 FY25 (Dec 2024) Nine Months FY26 Nine Months FY25 Revenue from Operations 101 1 36 263 151 Other Income - - - - - Total Income 101 1 36 263 151 Profit Before Tax 23 17 13 59 27 Profit After Tax 23 17 15 59 27
Earnings Per Share and Capital Structure
The company maintained consistent capital structure with paid-up equity share capital of 1174 across all reported periods. The earnings per share (EPS) performance showed:
EPS Metrics Q3 FY26 Q2 FY26 Q3 FY25 Nine Months FY26 Nine Months FY25 Basic EPS 0.19 0.14 0.13 0.50 0.23 Diluted EPS 0.19 0.14 0.13 0.50 0.23
Business Operations and Segment Information
Vani Commercials Limited operates primarily in the financing business. Key operational highlights include:
The company is engaged primarily in financing activities
No separate reportable segments as per Ind AS 108 dealing with Operating Segments
Being in the service industry, information regarding stock in trade, consumption of raw material and purchase of traded goods is not applicable
The company has designated an exclusive email ID info@vanicommercials.com for investor grievance redressal
Regulatory Compliance and Audit
The financial results underwent proper regulatory review and compliance procedures:
Results reviewed by the Audit Committee and approved by the Board of Directors
Board meeting held on February 14, 2026
Limited review conducted by statutory auditors MKRJ & Company, Chartered Accountants
Results prepared pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Previous year's figures have been regrouped/rearranged wherever necessary
Availability and Transparency
The company maintains transparency through multiple channels for stakeholder access to financial information. The financial results are available on the company's website at www.vanicommercials.com and on the BSE Limited website at www.bseindia.com , ensuring easy access for investors and other stakeholders.
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