Aar Shyam India Investment Company Limited submitted its 43rd annual report for the financial year ended March 31, 2026, to the Bombay Stock Exchange on August 26, 2026.

The filing was made in compliance with Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also uploaded the document on its official website, adhering to Regulation 46 of the same framework.

Perla Pavani, a director at the company, digitally signed the submission. The report covers the fiscal period concluding on March 31, 2026.

Aar Shyam India Investment Company Limited plans to acquire 100% of SVR Electro Projects Private Limited through a share swap and raise ₹7.39 crore via a preferential equity issue. The resolutions will be put to shareholders at the 43rd Annual General Meeting scheduled for September 21, 2026.

The acquisition involves issuing 1,45,41,000 equity shares at a price of ₹15 per share to SVR shareholders, valuing the deal at ₹21.81 crore. Simultaneously, the company seeks approval to allot up to 49,33,333 shares for cash to non-promoter investors at the same issue price.

Strategic Shift and Corporate Actions

The board proposes changing the company name to Avudari Engineering Limited and altering its object clauses to focus on renewable energy, facility management, and infrastructure projects. This aligns with SVR’s business profile, which includes solar EPC, railway maintenance, and battery energy storage systems.

Ms. Perla Pavani is proposed as Managing Director for a three-year term starting May 14, 2026, with a monthly remuneration of ₹50,000. Ms. Pooja Manish Pandey is also proposed as an Independent Director for a five-year term.

Financial Context

The company 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. The preferential cash issue proceeds will be utilized partly to repay SVR’s existing debt obligations of ₹3.90 crore with NSIC and Axis Bank.

What the Numbers Show

SVR Electro Projects demonstrates significant scale relative to the acquirer. SVR reported revenue of ₹73.22 crore in FY26, growing from ₹54.04 crore in FY25 and ₹36.57 crore in FY24. In contrast, Aar Shyam’s FY26 revenue was just ₹9.63 lakh. The acquisition effectively 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.

Key Resolutions Summary

• Acquire 100% of SVR Electro Projects via share swap at a ratio of 4.847:1
• Raise ₹7.39 crore through preferential allotment of 49,33,333 equity shares
• Change company name to Avudari Engineering Limited
• Appoint Perla Pavani as Managing Director and Pooja Manish Pandey as Independent Director
• Increase borrowing limits up to ₹400 crore (standalone) and ₹900 crore (consolidated)