Fervent Synergies Limited has scheduled its 17th Annual General Meeting (AGM) for Thursday, August 27, 2026, at 11:00 A.M. (IST). The meeting will be conducted through Video Conferencing or Other Audio-Visual Means (OAVM), as disclosed in a newspaper advertisement published in Active Times and Mumbai Lakshadeep on July 28, 2026. This procedural update follows the company’s recent Q1FY26 financial results, which reported a net profit decline of 48.8% to ₹19.68 lakh, driven by the complete cessation of its Foods Business Division.

The Board of Directors approved the unaudited financial results on July 23, 2026, in compliance with Regulation 30 read with Schedule III and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. S. H. Dama & Associates, the statutory auditors, issued a limited review report confirming that the financial statements disclosed all required information under Ind AS 34 and SEBI Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016. The audit committee reviewed the results prior to board approval.

Total income for the quarter stood at ₹73.50 lakh, compared to ₹521.21 lakh in the preceding quarter and ₹68.25 lakh in Q1FY25. While other income was nil, operating expenses increased to ₹54.25 lakh from ₹432.47 lakh in the previous quarter, reflecting the lower operational scale. Employee benefits expense rose slightly to ₹11.80 lakh from ₹11.14 lakh, while other expenses surged to ₹37.14 lakh from ₹10.84 lakh. Finance costs were ₹1.28 lakh, up from ₹0.72 lakh in the preceding quarter.

The shift in business structure is evident in the segment reporting. The Foods Business Division, which previously generated substantial revenue, reported no income or capital employed in Q1FY26, having posted a pre-tax loss of ₹5.94 lakh before ceasing operations. In contrast, the Finance Business Division maintained robust performance, contributing ₹73.27 lakh to the segment result before tax and interest, up from ₹70.75 lakh in the preceding quarter. Capital employed in the finance division grew to ₹5,632.43 lakh from ₹5,621.11 lakh.

What the Numbers Show

The financial data reveals a strategic pivot where the high-volume, lower-margin food trading business has been replaced by a smaller-scale but consistent finance operation. Although overall revenue dropped sharply from ₹521.21 lakh in Q4FY25 to ₹73.50 lakh in Q1FY26, the finance segment’s pre-tax contribution remained stable at over ₹70 lakh. However, the inability to offset rising other expenses (₹37.14 lakh) with diversified income streams has compressed the net profit margin significantly compared to the previous year’s performance.

Shareholders registered as of the cut-off date, August 20, 2026, will be eligible for remote e-voting. The Register of Members and Share Transfer Books will remain closed from Friday, August 21, 2026, to Thursday, August 27, 2026. The draft notice and annual report for FY26 will be submitted to the exchanges once dispatched to shareholders via email.

Fervent Synergies Limited has successfully completed its postal ballot process, with shareholders approving the appointment of three new Non-Executive Independent Directors through remote electronic voting. The scrutinizer's report, prepared by Mr. Sanjay R. Dholakia of Sanjay Dholakia & Associates, Company Secretaries, confirmed that all three Special Resolutions were passed with requisite majority. The report was submitted to the company on 16th May, 2026.

Postal Ballot Process and Timeline

The postal ballot was conducted pursuant to Section 110 of the Companies Act, 2013, read with Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014, as amended. The Board of Directors of Fervent Synergies Limited appointed Mr. Sanjay R. Dholakia as Scrutinizer on 26th March, 2026, and the Postal Ballot Notice was issued on the same date. The cut-off date for determining eligible shareholders was Friday, 10th April, 2026.

The remote e-voting window remained open as follows:

Resolutions Approved

Shareholders voted on three separate Special Resolutions pertaining to the appointment of Non-Executive Independent Directors. All three resolutions were passed with requisite majority. The details of each appointment are as follows:

Voting Results

The scrutinizer reviewed votes cast through remote e-voting based on data downloaded from the NSDL e-voting system. For all three resolutions, the voting results were identical. The detailed breakdown of votes cast in favour and against each resolution is presented below.

Votes Cast in Favour (All Three Resolutions)

Votes Cast Against (All Three Resolutions)

Scrutinizer's Findings and Record Custody

Mr. Sanjay R. Dholakia confirmed that the e-voting module of NSDL was disabled on Friday, 15th May, 2026 at 05:00 PM (IST), and that the votes were unblocked on 15th May, 2026 at 05:05 PM in the presence of two witnesses not in the employment of the company. All electronic data and relevant records relating to the remote e-voting process were handed over to Ms. Nehal Mehta, Company Secretary and Compliance Officer, for safe custody. The scrutinizer's report was digitally signed by Mr. Sanjay R. Dholakia (Membership No.: 2655, CP No.: 1798) and dated 16th May, 2026, from Mumbai.