The updated outcome of Board Meeting held on 29th July 2026 with letter of resignation of Mr. Nilesh R. Doshi is attached herewith.

www.vbdesai.co V.B. Desai Financial Services Limited Category | Merchant Banker - SEBI Registration No. INM 000002731. July 29, 2026 The Corporate Relations Department BSE Limited P.J. Towers, Dalal Street, Mumb-a 40i0 001 Dear Sirs, Sub: Outcome of Board Meeting held on 29% July, 2026 Ref: Company Code No. 511110 This is to inform you that the Board of Directors of the Company at their meeting held on 29™ July 2026, has approved the following: 1. Unaudited Financial Results for the quarter ended on 30™" June 2026. The audited financial results and Auditors' Report thereon as submitted by the Auditors of the Company are enclosed herewith. In terms of Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Auditors have given an unmodified opinion on the audited standalone financial results for the quarter ended 30" June, 2026. 2. Accepted the resignation of Mr. Nilesh Ramanlal Doshi, Independent Director designated as the Chairman of the Board with effect from 29% July 2026. The details as required under Regulation 30 of the Listing Regulations read with Part A of Schedule Ill of the Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are enclosed herewith as Annexure |. The letter of resignation received from Mr. Nilesh R. Doshi containing detailed reasons for the resignation is enclosed as Annexure Il The Board meeting started at 11.45 am and ended at 12.30 noon. Kindly take the same on your record. Thanking you, Yours faithfully, oy V.B. DESAI FINANCIAL SERVICES LIMITED Pradip R. Shrof; Managing Director _DINT00286291 Encl: as above Registered Office : Cama Building, 1st Floor, 24/26 Dalal Street, Fort, Mumbai 400 001 CIN: L74120MH1985PLC037218 Tel.: +91-22- 4077 0777 Web: www.vbdesai.com E-mail: info@vbdesai.com Annexure | Change in Independent Director of the Company 1. Resignation details of Mr. Nilesh Ramanlal Doshi Sr.No. | Sr. No. Details of Event that need to be | Information of such events(s) provided a. Reason for change viz-appeirtment; Mr. Nilesh Ramanlal Doshi, Non-Executive reappeintment; resignation, remeval; Independent Director designated as Chairman. death-orotherwise; He has resigned due to health problem. He has confirmed that there is no other material reason for his resignation other than the above. b. Date of appeintment/reappointment/ | July 29, 2026 cessation (as applicable) &term-of c. Brief profile (in case of appointment) Not Applicable d. Disclosure of relationships between Not Applicable directors (in case of appointment of a director) (CAJ N.S. SHETTY & CO, CHARTERED ACCOUNTANTS "Arjun", Plot No. 6A, V.P. Road, Phone: 2623 1716, 2623 7669 FaxX:2624 5364 Andheri (W), Mumbai - 400 058 E-mail : nsshetty_co@yahoo.com LIMITED REVIEW REPORT ON THE UNAUDITEDF INANCIAL RESULTS FOR THE QUARTER ENDED ON 30th JUNE, 2026 Review Report To, The Board of Directors, V. B. Desai Financial Services Limited Mumbai 1 We have reviewed the accompanying statement of unaudited financial results (the statement') of V. B. Desai Financial Services Limited (the Company') for the quarter ended 3Oth June, 2026 attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Attention is drawn to the fact that the figures for the quarter ended 31st March, 2026 as reported in these unaudited financial results are the balancing figures between audited figures in respect of the full previous financialy ear and the published year to date figures upto the third quarter of the previous financial year. The figures upto the end of the third quarter of previous financial year had only been reviewed and not subjected to audit. 2 The preparation of Statement in accordance with the recogn ition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and other accounting principles generally accepted in India, is responsibility of the Company's management and has been approved by the Board of Directors of the Company. Our responsibility is to issue a report on the Statements based on our review. 3 We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor Of the Entity" issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of alls ignificant matters. that might be identified in an audit. Accordingly, we do not express an audit opinion. ShEITY Firm Reg. No. 110101W NANTS RTERED ACCOUN 4 Based on our review conducted as above, nothingh as come to our attention that causes us to believe that the accompanying statement, prepared in accordance with applicable Indian Accounting Standards (Ind AS') prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other recognized accounting practices and polices has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including the manner in which it is to be disclosed, or that it contains any material misstatement. For NS Shetty & Co Chartered Accountants METTY FRN: 110101W Fitn tCHAR Reg 1101. Munbei TTERED AcCOU Rohit Shetty Partner Membership No.:135463 Place: Mumbai Date: 29th July, 2026 UDIN: 26 I3su63 PH CQY4399