Refluxing [VO(β-diketonate)], namely [VO(acetylacetonate)] and [VO(benzoylacetonate)], separately with an equivalent or excess amount of 2-aminobenzoylhydrazide (ah) in laboratory grade (LG) CHOH in aerobic conditions afforded non-oxidovanadium(iv) and oxidovanadium(v) complexes of the type [V(L)] (1), [VO(L)(OCH)] (3) and [V(L)] (2), and [VO(L)(OCH)] (4), respectively. (L) and (L) represent the dianionic forms of 2-aminobenzoylhydrazone of acetylacetone (HL) and benzoylacetone (HL), respectively, (general abbreviation, HL), which was formed by the in situ condensation of ah with the respective coordinated [β-diketonate] in medium-to-good yield. The yield of different resulting products was dependent upon the ratio of ah to [VO(β-diketonate)]. For example, the yield of 1 and 2 complexes increased significantly associated with a decrease in the amount of 3 and 4 with an increase in the molar ratio of ah. Upon replacing CHOH by a non-hydroxylic solvent, LG CHCl, the above reaction yielded only oxidovanadium(v) complexes of the type [VO(L)(OH)] (5), [VO(L)(OH)] (6) and [VO(L)] (7, 8) whereas, upon replacing CHCl by another non-hydroxylic solvent, namely LG CHCN, only the respective [VO(L)] (7, 8) complex was isolated in 72-78% yield. However, upon performing the above reactions in the absence of air using dry CHOH or dry CHCl, only the respective [V(L)] complex was obtained, suggesting that aerial oxygen was the oxidising agent and the type of pentavalent product formed was dependent upon the nature of solvent used. Complexes 3 and 4 were converted, respectively, to 7 and 8 on refluxing in LG CHClvia the respective unstable complex 5 and 6. The DFT calculated change in internal energy (ΔE) for the reactions 2[VO(L)(OCH)] + 2HO → 2[VO(L)(OH)] + 2CHOH and 2[VO(L)(OH)] → [VO(L)] + HO was, respectively, +3.61 and -7.42 kcal mol, suggesting that the [VO(L)(OH)] species was unstable and readily transformed to the stable [VO(L)] complex. Upon one-electron reduction at an appropriate potential, each of 7 and 8 generated mixed-valence [(L)VO-(μ-O)-OV(L)] species, which showed valence-delocalisation at room temperature and localisation at 77 K. Some of the complexes showed a wide range of toxicity in a dose-dependent manner against lung cancer cells comparable with that observed with cis-platin.