Global Vectra Helicorp Ltd

AGM Details

• AGM held on 29 September 2026; voting results disclosed with Scrutinizer's Report.

Key Resolutions

• Resolution 1: Adoption of audited financial statements and balance sheet for year ended 31 March 2026; passed.
• Resolution 2: Re-appointment of director retiring by rotation; passed.
• Resolution 3: Re-appoint Sarab Jot Singh Saighal as Chairman for 2026-27; passed.
• Resolution 4: Approve CEO appointment and remuneration for one year; passed.
• Resolution 5: Appoint Hemang Rishi as Independent Director; passed.

Director Changes

• Sarab Jot Singh Saighal re-appointed as director by rotation.
• Sarab Jot Singh Saighal re-appointed as Chairman for 2026-27.
• Hemang Rishi appointed as Independent Director (Non-Executive).
• Michael Lewis Barber appointed as Chief Executive Officer.

AGM details

• AGM held Sept 29, 2026 at 11:00 AM via VC/OAVM.

Ordinary business

• Adopt audited financial statements and related reports.
• Rotation of directors and eligibility for re-appointment.
• Appointment of Lt. Gen. Sarab Jot Singh Saighal as director on rotation.

Special business

• Reappointment of Lt. Gen. Sarab Jot Singh Saighal as Chairman for one year.
• Appointment of Michael Lewis Edwin Barber as CEO for one year.
• Remuneration terms for CEO include minimum pay in loss years; board may vary.
• Appointment of Hemang Rishi as Non-Executive Non-Independent Director.
• Board authorised to file requisite forms with Registrar of Companies.

Voting results

• All resolutions passed by majority.

Global Vectra Helicorp Limited: Trading Window closed from Thursday October 01, 2026 till 48 Hours after the declaration of Unaudited Financial Results for the quarter and half year ended September 30, 2026

Governance / Appointments

• Chairman re-appointed for one year from 01 Oct 2026, subject to shareholder approval.
• Michael Barber appointed CEO for one year from 11 Aug 2026, subject to shareholder approval.
• Hemang Ravi Rishi appointed Additional Director, Non-Executive & Non-Independent, from 11 Aug 2026.
• Board list updated as of Aug 11, 2026.

Financial Highlights

• Revenue from operations: 13,071.35 lakhs.
• Total income: 13,684.73 lakhs.
• Net loss after tax: 1,184.81 lakhs.
• Net worth: negative 2,131.84 lakhs.
• Net current liabilities: 29,335.50 lakhs.

Filing Update

• Unaudited results for quarter ended 30 June 2026; Limited Review Report included.
• AGM scheduled for 29 September 2026.
• Audit notes material going concern uncertainty; conclusion not modified.

Financial results and going concern

• Unaudited Q1 FY2026-27 results approved; revenue ₹13,684.73 lakhs; net loss after tax ₹1,184.81 lakhs.
• Net worth at Jun 30, 2026 is negative ₹2,131.84 lakhs; net current liabilities ₹29,335.50 lakhs.
• Going concern basis adopted; liquidity and operational actions outlined to improve outlook.
• Annual General Meeting scheduled for Sep 29, 2026.
• New labour codes impact recognised as exceptional item Rs 156.39 lakhs.

Governance and board changes

• Chairman Lt. Gen. Saighal re-appointed for one year (Oct 1, 2026–Sep 30, 2027), subject to shareholder approval.
• Mr. Michael Barber appointed CEO for one year (Aug 11, 2026–Aug 10, 2027), subject to approval.
• Mr. Hemang Ravi Rishi appointed Additional Non-Executive Director; to be re-appointed at AGM.
• Board as of Aug 11, 2026 includes Saighal, Rati Rishi, Hemang Ravi Rishi, two Independent Directors, Vinay Goyal.

Financial results approved

• Unaudited standalone Q1 2026 results approved; Limited Review Report attached.
• Net loss for quarter: Rs 1,184.81 lakhs; net loss after OCI: Rs 1,321.54 lakhs.
• Net worth negative: Rs 2,131.84 lakhs; net current liabilities: Rs 29,335.50 lakhs as of 30 June 2026.
• Going concern disclosed; auditor notes material uncertainty; conclusion not modified.

Key governance and AGM actions

• AGM scheduled for 29 September 2026 (28th AGM).
• Re-appointment of Lt. Gen. Sarab Jot Singh Saighal as Chairman for 1 year (1 Oct 2026–30 Sep 2027), subject to shareholders.
• Appointment of Mr. Michael Lewis Edwin Barber as CEO for 1 year (11 Aug 2026–10 Aug 2027), subject to shareholders.
• Appointment of Mr. Hemang Ravi Rishi as Non-Executive & Non-Independent Director, effective 11 Aug 2026; subject to AGM re-appointment.

Other regulatory/audit disclosures

• Helicopter services is the single reportable segment; no subsidiaries.
• Auditor: Kalyaniwalla & Mistry LLP; going concern noted in Note 4.