Vani Commercials Allots 1.77 Crore Equity Shares on Preferential Basis

Vani Commercials Limited (BSE: 538918) announced that its Board of Directors, at a meeting concluding at 6:00 P.M. on March 2, 2026, approved the allotment of 17,666,663 equity shares of Rs. 10 each at Rs. 12 per share (including premium).

The allotment to the "Non-Promoters/Public Category," involved Rs. 8,42,99,964 in cash and conversion of Rs. 12,76,99,992 in loans. Post-allotment, paid-up capital rises to Rs. 29,40,72,830 comprising 2,94,07,283 shares. New shares rank pari-passu with existing equity.

Key Allottees

Kirtish Technologies Private Limited: 41,66,666 shares

Novaxdigital Technologies and Services Limited: 63,75,000 shares

Vani Moto Private Limited: 31,91,666 shares (loan conversion)

ASI Electric Mobility Private Limited: 14,91,666 shares (partial cash, partial loan)

Others including Vineet Gupta (8,33,333), Krasna Impex (9,00,000)

Shares of Vani Commercials Ltd was last trading in BSE at Rs. 8.51 as compared to the previous close of Rs. 8.73. The total number of shares traded during the day was 5335 in over 19 trades.

The stock hit an intraday high of Rs. 8.99 and intraday low of 8.31. The net turnover during the day was Rs. 46050.00.

Source : Equity Bulls

Keywords

VaniCommercials INE661Q01017 PreferentialIssue