VLS Finance board approves share buyback, independent director appointment

VLS Finance Ltd.'s Board of Directors approved a buyback of up to 2,631,578 equity shares, each with a face value of INR 10, at a price of INR 380 per share. The total buyback size is capped at INR 1,00,00,00,000, representing approximately 7.71% of the total paid-up equity share capital. The buyback will be conducted via a Tender Offer route, with December 12, 2025, set as the record date.

In a separate move, the Board also approved the appointment of Gaurav Goel as an additional non-executive, independent director for a five-year term, effective November 22, 2025. Goel, 52, holds a BBA and has extensive experience in the sugar industry, currently serving as vice chairman and managing director of Dhampur Sugar Mills Ltd. He is not related to any other directors of VLS Finance.

The buyback size, being less than 10% of the paid-up capital and free reserves, does not require member approval. However, a postal ballot will be initiated to ratify Goel’s appointment. New Berry Capitals Private Limited has been appointed as the manager to the buyback.