Aar Shyam confirms AGM date, e-voting schedule for SVR acquisition
- AGM scheduled for September 21, 2026, to approve SVR acquisition and ₹7.39 crore capital raise
- Remote e-voting runs from September 20 to September 22, 2026
- Deal values SVR at ₹21.81 crore via share swap; cash issue at ₹15 per share
- Company to rename to Avudari Engineering Limited and shift focus to renewable energy
- Record date for potential FY26 dividend set for September 11, 2026
*this image is generated using AI for illustrative purposes only.
Aar Shyam India Investment Company Limited has confirmed its Annual General Meeting (AGM) will be held on Monday, September 21, 2026, at 3:00 pm at its registered office in New Delhi. The meeting will approve the acquisition of SVR Electro Projects Private Limited and a capital raise of ₹7.39 crore.
Remote e-voting begins on Sunday, September 20, 2026, at 9:00 am and ends on Tuesday, September 22, 2026, at 5:00 pm. The cut-off date for determining voting eligibility is Wednesday, September 16, 2026.
Corporate Actions and Resolutions
The AGM agenda includes acquiring 100% of SVR Electro Projects via a share swap, valuing the deal at ₹21.81 crore. The company will issue 1,45,41,000 equity shares at ₹15 per share to SVR shareholders. Simultaneously, it seeks approval to allot up to 49,33,333 shares for cash to non-promoter investors at the same price.
Other key resolutions include:
- Changing the company name to Avudari Engineering Limited
- Altering object clauses to focus on renewable energy, facility management, and infrastructure projects
- Appointing Ms. Perla Pavani as Managing Director for a three-year term starting May 14, 2026
- Increasing borrowing limits up to ₹400 crore (standalone) and ₹900 crore (consolidated)
Financial Context and Strategic Shift
Aar Shyam reported a net loss of ₹83.36 lakh in FY26 on revenue of ₹9.63 lakh, compared to a loss of ₹2.20 lakh on revenue of ₹28.23 lakh in FY25. In contrast, SVR Electro Projects reported revenue of ₹73.22 crore in FY26, growing from ₹54.04 crore in FY25 and ₹36.57 crore in FY24.
The preferential cash issue proceeds will partly repay SVR’s existing debt obligations of ₹3.90 crore with NSIC and Axis Bank. The acquisition transforms Aar Shyam from a micro-cap investment entity into an infrastructure player with an order book of approximately ₹1,436 crore, predominantly in solar and power sectors.
Dividend and Record Date
The company has fixed Friday, September 11, 2026, as the record date for determining entitlement to dividends for FY26, if declared at the AGM. Members are requested to update bank details for electronic dividend receipt. Tax deduction at source (TDS) will apply as per the Income Tax Act, 2025.
How will the significant dilution of 1.45 crore new shares impact existing shareholder equity and earnings per share in the near term?
What specific operational synergies or cost-saving measures are expected to drive profitability for the newly formed Avudari Engineering Limited?
Given the increased borrowing limit of ₹900 crore consolidated, what is the projected debt-to-equity ratio post-acquisition and how will it affect credit ratings?
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