SVS Ventures Ltd

AGM Details

• AGM held 30 Sep 2026 at 5:00 PM via VC/OAVM.
• E-voting opened 27 Sep 2026 9:00 AM and closed 29 Sep 2026 5:00 PM.
• Meeting concluded at 5:08 PM.

Key Resolutions

• Ordinary: Adopt financial statements and reports.
• Ordinary: Appoint statutory auditor.
• Special (Ordinary): Regularize MD appointment.
• Special (Ordinary): Regularize director appointment.
• Special (Ordinary): Appoint secretarial auditor.

Auditors

• Statutory auditor appointment approved.
• Secretarial auditor appointment approved.

SVS VENTURES LIMITED — Closure of Trading Window from October 01, 2026 till the completion of 48 hours after the declaration of the Unaudited Financial Results for the quarter ended September 30, 2026

Financial snapshot

• Revenue from operations: 1682.82 lakh for FY2025-26.
• Total revenue: 1733.29 lakh.
• Profit before tax: 142.06 lakh.
• Profit after tax: 102.06 lakh.
• Current income tax: 40.00 lakh; deferred tax nil.
• Earnings per share: Basic 0.48 Rs.
• Net cash from operating activities: -156.86 lakh.
• Dividend: no dividend recommended.

Business model & operations

• Main object changed from real estate to agro-based business in 2026.
• FY26 shows revenue from operations; prior year revenue nil.
• As of 31 Mar 2026, two permanent employees.
• Company pivoted to agro-based trading and related activities.
• Operations primarily centered around Ahmedabad region.

Capital structure & ownership

• Equity share capital: 21,349,619 shares; paid-up capital: Rs 2,134.96 lakh.
• Promoter Sharma holds 21.05% of equity at 31 Mar 2026.
• Promoter group stake fell from 72.28% (2025) to 21.07% (2026).
• No long-term borrowings reported.

Governance & board changes

• Vishal Mahendrabhai Thekdi appointed MD on 20 Nov 2025 for five years.
• Vishnu Kumar Bhagvandas Prajapati appointed Director on 20 Nov 2025.
• Shashikant Sharma resigned as MD/CEO on 19 Nov 2025.
• Pushpa Joshi appointed Independent Director on 05 May 2026.
• A. Shubhangi & Associates appointed Secretarial Auditor for FY2026-31.
• Company Secretary vacancy occurred 18 Jul 2025; not yet filled.

Audit, risk & internal controls

• Statutory Auditor JM Patel & Bros to audit till 2031; remuneration for FY2026-27 proposed at Rs 3 lakh.
• FY2025-26 issued a qualified opinion; main qualifications include object change to agro, related-party loans, stock unverifiable.
• Audit trail not maintained due to lack of log in accounting software.
• Internal financial controls reported as adequate but needing enhancement; to be addressed.
• Secretarial audit flagged vacancy and delays; SEBI/.exchange compliance fines outstanding.

Related party transactions

• Related party transactions include director sitting fees, unsecured loans, and inter-group purchases.
• Loans/advances and purchases with various related parties amount to several crores.
• Balances and terms subject to verification and reconciliation.

Regulatory & governance flags

• AGM conducted via VC/OAVM; remote e-voting enabled.
• Company Secretary vacancy and late filings noted by secretarial auditor; fines outstanding.
• Company transitioned main object; disclosures required for regulatory alignment.

AGM Details

• AGM date/time: 30 September 2026, 5:00 PM IST, held via VC/OAVM.
• Record date for voting: 23 September 2026.
• Deemed venue: Registered Office, Ahmedabad.

Resolutions

• Ordinary: adopt standalone financial statements for the year ended 31 March 2026.
• Ordinary: appoint M/s J M Patel & Bros as Statutory Auditors for five-year term.
• Special: regularize Vishal Mahendrabhai Thekdi as Managing Director for five years.
• Special: regularize Vishnu Kumar Bhagvandas Prajapati as Director liable to retire by rotation.
• Special: appoint A. Shubhangi & Associates as Secretarial Auditor for five-year term.
• Related party transactions approval: approve related party transactions and investments/loans beyond limits.

Dividend

• Dividend: no dividend proposed or approved for FY 2025-26.

Director Changes

• MD resignation: previous MD resigned 19 November 2025; Vishal Thekdi appointed MD.
• Prajaapati appointed as Additional Director on 20 November 2025; to be regularised.
• Pushpa Joshi appointed as Independent Director on 5 May 2026.
• Saurabh Pritam Das appointed as Additional Director on 2 September 2026.
• Resignations: Sunny Sharma (6 May 2026) and Sumitkumar Patel (1 June 2026).

Auditors

• Statutory Auditor: JM Patel & Bros appointed for five years (2026-2031).
• Remuneration for FY 2026-27 proposed at Rs 3,00,000 plus out-of-pocket expenses; Board to finalize annually.
• Secretarial Auditor: A. Shubhangi & Associates appointed for five years (FY 2026-27 to FY 2030-31).

Related Party Transactions

• Material related party transactions approved include director sitting fees, unsecured loans, loans/advances, and purchases from related parties.
• Notes disclose aggregation and terms; values are provided in disclosures.

Other Material Approvals

• Alteration of Main Objects Clause approved; related party transactions and investments beyond limits approved.

Directors' Report & AGM Plan

• Approved the Draft Directors' Report for the FY ended March 31, 2026.
• AGM scheduled for 30 September 2026 at 5:00 PM via VC/OAVM; venue at registered office.

E-voting Details

• Remote e-voting facility available; e-voting period 27-29 Sep 2026; demat cut-off 23 Sep 2026.

Auditor Re-appointment

• Re-appoint M/s J M Patel & Bros as Statutory Auditors for five years to 2031; approval at AGM.
• Remuneration to be mutually agreed with auditors.

Independent Director Appointment

• Appointment of Mr. Saurabh Pritam Das as Additional Non-Executive Independent Director, effective 02 Sep 2026.
• Subject to shareholders' approval; term five years.
• Independence criteria satisfied; not debarred by SEBI or other authority.
• Brief profile highlights accounting knowledge, finance experience, ethics, teamwork, and integrity.
• Relationship with directors: not related to any director.
• Independence confirmation and no debarment disclosed.

Secretarial Auditor Appointment

• Appointment of M/s A. Shubhangi & Associates as Secretarial Auditor.
• Term of five financial years, FY 2026-27 to FY 2030-31.
• Subject to members' approval at the ensuing AGM.
• Reason: appointment as Secretarial Auditor under LODR regulations.
• Profile: Shubhangi Agarwal, ICSI member with 5+ years' secretarial experience.
• Peer Review Certificate 6120/2024 and eligibility confirmed.
• Disclosures: not related to directors; not disqualified.

Resignation

• Mr. Sumitkumar Jayantibhai Patel resigned as Non-Executive Independent Director.
• Effective close of business on June 1, 2026.
• Reason cited: personal reasons and other professional commitments.
• He confirmed no other material reasons for resignation.
• He also ceased as member of Audit, NRC, and Stakeholders Relationship Committees.
• Company said it is identifying a suitable replacement.

Meeting Details

• Board meeting scheduled for Monday, 11 May 2026.

Key Agenda Items

• Approve audited standalone financial results for half year and year ended 31 March 2026.

Other Notes

• Trading window closed from 1 April 2026 and reopens 48 hours after results declaration.