Vani Commercials reports Rs 14.83 crore NovaxDigital loan

Vani Commercials Limited reported a -Rs 14.83 crore loan transaction with NovaxDigital Technologies and Services Limited for 1 April to 30 September 2026, taking the disclosed closing balance to -Rs 16.44 crore. The filing identifies Sparsh Abrol, a director of NovaxDigital, as the son of managing director Vishal Abrol.

What did Vani Commercials disclose about the NovaxDigital transaction?

Vani Commercials disclosed the NovaxDigital transaction in Annexure D1, its related-party transaction schedule for the half year ended 30 September 2026. The schedule classifies the arrangement as a loan and records an amount of -Rs 14.83 crore, following an opening balance of -Rs 1.62 crore on 1 April 2026 and resulting in a closing balance of -Rs 16.44 crore.

The filing describes NovaxDigital as a related party because Sparsh Abrol is a director of that company and is the son of Vishal Abrol, Vani Commercials’ managing director. The schedule does not state the loan’s interest rate, repayment date, security, purpose or the accounting meaning of the minus signs used for the transaction and closing balance.

How did Vani Commercials’ NovaxDigital balance change during the half year?

Vani Commercials’ disclosed NovaxDigital closing balance changed by Rs 14.83 crore in absolute terms during the six months to 30 September 2026, from -Rs 1.62 crore to -Rs 16.44 crore. The movement matches the transaction amount shown in Annexure D1, although the filing gives no narrative on the loan’s commercial purpose or timing.

NovaxDigital had the largest individual closing loan balance among the named loan entries in the related-party schedule at 30 September 2026. Its -Rs 16.44 crore balance was more than three times the -Rs 5.12 crore closing loan balance listed for Regency Fincorp Limited, whose managing director, Gaurav Kumar, is identified as Vishal Abrol’s sibling.

The schedule reports the amounts and balances rather than a gross lending and repayment breakdown. As a result, the -Rs 14.83 crore figure can be compared with the opening and closing entries in the disclosure, but the filing does not establish whether it represented a fresh advance, repayment, accounting adjustment or another movement.

Which other director-linked balances did Vani Commercials report?

Vani Commercials also reported loan-related closing balances involving directors or their relatives, with the table carrying both positive and negative signs. Ajay Kumar Tayal, described as whole-time director, had a -Rs 1.42 crore closing loan balance, while Pranay Tayal, described as non-executive director, had a -Rs 1.50 crore closing loan balance on 30 September 2026.

Regency Fincorp’s -Rs 5.12 crore closing balance followed a transaction amount of -Rs 24.70 lakh during the half year, compared with an opening balance of -Rs 4.87 crore. Tie Ethenic Online Private Limited, linked to relatives of Ajay Kumar Tayal and Pranay Kumar Tayal, moved from -Rs 96.87 lakh at the opening to a positive Rs 1.78 crore closing balance after a Rs 2.75 crore transaction amount.

Smart Energy 111 Techmobil Pvt. Ltd. was reported separately as advances, rather than as a loan. The filing identifies Vishal Abrol and Sparsh Abrol as shareholders of that company and shows its balance moving from Rs 2.14 crore at 1 April 2026 to -Rs 96.37 lakh at 30 September 2026, after a -Rs 3.11 crore transaction amount.

How do the related-party entries compare with Vani Commercials’ financial statements?

Vani Commercials reported consolidated loans of Rs 76.12 crore at 30 September 2026, compared with Rs 48.87 crore at 30 September 2025 and Rs 53.82 crore at 31 March 2026. This was an increase of Rs 27.25 crore year on year and Rs 22.30 crore from the March 2026 year-end.

The balance sheet should not be treated as a direct reconciliation to Annexure D1 because it reports consolidated loans while the annexure lists named related-party transactions and balances with unexplained signs. Total consolidated assets were Rs 80.65 crore at 30 September 2026, up from Rs 53.78 crore a year earlier, while cash and cash equivalents were Rs 30 lakh, compared with Rs 33 lakh.

Vani Commercials also reported Rs 41.01 crore of other non-financial liabilities at 30 September 2026, versus Rs 2.13 crore at 30 September 2025 and Rs 1.16 crore at 31 March 2026. Separately, its default disclosure reported total financial indebtedness of Rs 0 at the reporting date, without explaining how that debt measure relates to the Rs 76.12 crore consolidated loans asset line.

The company’s financial statements were reviewed by its Audit Committee and approved by its Board of Directors on 14 November 2026. The filing states that there were no exceptional items for the period, but it provides no additional note explaining the NovaxDigital loan transaction or the related-party balance sign convention.

Conclusion

The disclosure shows that Vani Commercials’ largest named related-party loan movement for the half year ended 30 September 2026 was the -Rs 14.83 crore NovaxDigital transaction, with a -Rs 16.44 crore closing figure. The stated relationship is relevant because NovaxDigital’s director is identified as the managing director’s son, while other director-linked entities and individuals also appear in the loan and advances schedule.

The next point to watch is whether a later half-yearly related-party schedule changes the -Rs 16.44 crore NovaxDigital closing figure or supplies terms absent from the 30 September 2026 filing, including interest, maturity and the meaning of negative balances. Investors can also monitor whether consolidated loans, which rose to Rs 76.12 crore at 30 September 2026, change alongside the named related-party balances.