Board Meeting Details

The Board meeting was held on Saturday, 8th August, 2026 at the registered office of the company. The meeting commenced at 3:00 P.M. and concluded at 4:00 P.M.

Key Approvals and Discussions

1. Financial Results Approval: The Board approved:

  • Standalone Unaudited Financial Results and Limited Review Report by Statutory Auditors for the quarter ended 30th June, 2026
  • Consolidated Unaudited Financial Results and Limited Review Report by Statutory Auditors for the quarter ended 30th June, 2026

2. Fund Raising Proposal: The Board discussed and approved proposal for fund raising by way of preferential issue of securities. The Board authorized evaluation, structuring and finalization of terms including determining size, structure, pricing, timing of the issue, and identification of investors. This is subject to applicable laws and regulatory approvals including shareholder approval.

3. Cyber Security Incident: The Board took note of a cyber security incident involving a deceitful app in the name and style of "CREDITVANIX-CREDIT ASSITANT" with URL: https://play.google.com/store/apps/details?id=com.creditvanix.app. The incident was reported by certain customers. The Audit Committee authorized Mr. Sparsh Abrol, Manager - Operations (Legal), to initiate all necessary legal and regulatory actions, including lodging a complaint with the Cyber Crime Cell.

Financial Results - Standalone (Quarter ended 30th June, 2026)

  • Income:
  • Revenue from Operations: ₹157.77 lakh (Interest Income: ₹157.36 lakh, Fees and commission income: ₹0.42 lakh)
  • Other Income: ₹6.20 lakh
  • Total Income: ₹163.98 lakh
  • Expenses:
  • Finance costs: ₹33.54 lakh
  • Provisions and Write offs: ₹67.56 lakh
  • Employee benefits expenses: ₹13.13 lakh
  • Depreciation and amortisation expense: ₹3.32 lakh
  • Other expenses: ₹21.57 lakh
  • Total Expenses: ₹139.12 lakh
  • Profit before tax: ₹24.86 lakh
  • Tax Expense: Not quantified in disclosure
  • Profit after tax: ₹24.86 lakh
  • Earnings per Share (Basic and Diluted): ₹0.08
  • Paid-up equity share capital: ₹2,940.73 lakh (Face value ₹10 per share)
  • Other equity: ₹2,940.73 lakh

Financial Results - Consolidated (Quarter ended 30th June, 2026)

  • Income:
  • Revenue from Operations: ₹157.77 lakh (Interest Income: ₹157.36 lakh, Fees and commission income: ₹0.42 lakh)
  • Other Income: ₹7.71 lakh
  • Total Income: ₹165.49 lakh
  • Expenses:
  • Finance costs: ₹33.54 lakh
  • Provisions and Write offs: ₹67.56 lakh
  • Employee benefits expenses: ₹13.13 lakh
  • Depreciation and amortisation expense: ₹3.32 lakh
  • Other expenses: ₹22.57 lakh
  • Total Expenses: ₹140.12 lakh
  • Profit before tax: ₹25.37 lakh
  • Tax Expense: Not quantified in disclosure
  • Profit after tax: ₹25.37 lakh
  • Earnings per Share (Basic and Diluted): ₹0.09
  • Paid-up equity share capital: ₹2,940.73 lakh
  • Other equity: ₹2,941.24 lakh

Comparative Figures

Standalone Q1 FY27 vs Q1 FY26:

  • Total Income: ₹163.98 lakh vs ₹208.63 lakh
  • Profit after tax: ₹24.86 lakh vs ₹19.76 lakh
  • EPS: ₹0.08 vs ₹0.17

Consolidated Q1 FY27 vs Q1 FY26:

  • Total Income: ₹165.49 lakh vs ₹208.63 lakh
  • Profit after tax: ₹25.37 lakh vs ₹19.76 lakh
  • EPS: ₹0.09 vs ₹0.17

Additional Information

  • The company is engaged primarily in the business of financing with no separate reportable segments as per Ind AS 108
  • Investor grievance redressal email: info@vanicommercials.com
  • The Scales Estates Limited (CIN: U68200PB2026PLC068698) was incorporated as subsidiary on 18th June 2026 to hold 51% capital, but no investment has been made yet, hence accounts are not consolidated
  • No outstanding defaults on loans or debt securities as per disclosure format
  • No related party transactions to disclose for quarterly filing
  • No audit qualifications impact as this is not an annual filing