S V Global Mill Limited appointed M/s. Senthil Kumar and Sundararajan, Chartered Accountants, as its statutory auditor effective July 03, 2026, to fill the casual vacancy caused by the resignation of M/s. S. Viswanathan LLP. The Board of Directors approved the appointment based on the Audit Committee's recommendation. The new auditor will hold office until the conclusion of the 19th Annual General Meeting and has been recommended for a full five-year term from FY 2026-27 to FY 2030-31, subject to shareholder approval.

The resignation of the previous auditor, M/s. S. Viswanathan LLP, was effective July 03, 2026, and was attributed to increased professional effort and resources required to audit a listed entity of its size. The outgoing firm clarified that the decision was not due to an inability to obtain sufficient appropriate audit evidence or any disputes regarding information suppression by the management. The new firm, founded in 2007 and headquartered in Sivakasi, specializes in various audit disciplines.

Auditor Details

The appointment is subject to the approval of shareholders in the ensuing Annual General Meeting. The company confirmed that the resignation of the previous auditor was not due to any management-imposed limitations. The filing was submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

S V Global Mill Limited has announced its annual audited financial results for the financial year ended March 31, 2026. The board of directors, which met on May 25, 2026, approved the standalone and consolidated financial statements for the quarter and year ended March 31, 2026. The statutory auditors issued an un-modified opinion on the audited financial results for both standalone and consolidated entities. The company published the results in the Financial Express and Tamil Murasu on May 26, 2026, pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015.

Financial Performance

The company reported a standalone net profit of ₹672.46 lakh for the financial year 2025-26, reversing the net loss of ₹31.70 lakh incurred in the previous year. Revenue from operations for the standalone entity increased to ₹168.54 lakh from ₹147.69 lakh in FY25. Total income stood at ₹473.44 lakh, while total expenses were recorded at ₹745.59 lakh.

On a consolidated basis, the company reported a net loss of ₹909.22 lakh for FY26, compared to a net profit of ₹29.77 lakh in the previous year. Consolidated revenue from operations declined to ₹344.72 lakh from ₹664.87 lakh in FY25. Total consolidated income for the year was ₹633.11 lakh against total expenses of ₹2,461.94 lakh.

Key Financial Metrics

The following table summarizes the standalone and consolidated financial performance for the year ended March 31, 2026:

Segment Information and Legal Update

The company operates in a single reportable segment, Real Estate Development activities. Additionally, the board took note of the legal case concerning additional compensation for the compulsory acquisition of land. The Supreme Court disposed of the case on February 9, 2026, remanding it to the High Court of Karnataka, which subsequently referred the matter to the Karnataka Mediation Centre on April 6, 2026.

Board Decisions

Alongside the financial results, the board approved the notice for the 19th Annual General Meeting of the company. The directors also approved the Report of Board of Directors, the Annual Report, and annexures for the Financial Year 2025-26.