Saven Technologies has confirmed the details for its 33rd Annual General Meeting (AGM), scheduled for September 24, 2026. The company also dispatched letters containing web links and QR codes to shareholders without registered email addresses, ensuring access to the FY26 Annual Report. Remote e-voting commences on September 20, 2026.

The disclosure was made on August 29, 2026, in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company published advertisements in Financial Express and Andhra Prabha newspapers to notify members about the dispatch of the Notice and Annual Report, closure of the Register of Members, and e-voting procedures.

Annual Report Access

Shareholders holding physical shares or those without registered email IDs can access the annual report through the provided link or QR code in the letter. The document is also available on the company’s website at www.saven.in and on the BSE Limited website.

33rd AGM Details

The 33rd AGM is scheduled for September 24, 2026, at 4:00 pm. The meeting will be held through video conferencing or other audio-visual means (OAVM) using the platform provided by Central Depository Services (India) Limited (CDSL). Vasista Raghava Padmannagari, Company Secretary and Compliance Officer, signed the disclosure.

Key Agenda Items

Shareholders will transact ordinary business during the meeting, including:

• Adoption of Financial Statements: Consider and adopt the audited financial statements for FY26, along with the reports of the Board of Directors and Auditors.
• Confirmation of Interim Dividend: Confirm the interim dividend of ₹1.50 per equity share paid during FY25-26. The Board approved this dividend on February 6, 2026.
• Re-appointment of Director: Re-appoint Mr. Rajagopal Ravi (DIN: 06755889) as a director liable to retire by rotation.

Director Profile

Mr. Rajagopal Ravi, aged 69, is a qualified Chartered Accountant and Company Secretary with over four decades of experience. He serves as the Chairman effective April 1, 2025, and is a member of the Audit Committee and Stakeholders Relationship Committee. His remuneration for FY25-26 included ₹6 lakhs towards remuneration and ₹2.5 lakhs towards sitting fees.

E-Voting and Participation

The remote e-voting period commences on September 20, 2026, at 9:00 am and ends on September 23, 2026, at 5:00 pm. Shareholders holding shares as on the cut-off date of September 16, 2026, are eligible to vote electronically via the CDSL platform. Members attending the AGM through VC/OAVM will be counted for quorum purposes. The facility for appointing proxies is not available for this meeting due to the virtual format.

Shareholder Compliance Updates

The company reminded physical shareholders to update their KYC details and dematerialize physical shares as per SEBI Master Circulars dated May 7, 2024, and June 10, 2024. These circulars mandate recording PAN, address, mobile number, bank account details, and specimen signatures for security holders in physical mode.

Additionally, SEBI directed a special window for re-lodgment of transfer deeds lodged prior to April 1, 2019. A fresh special window runs from February 5, 2026, to February 4, 2027, for transfer and dematerialization of physical securities. Securities re-lodged during this period will be issued only in dematerialized mode.

Saven Technologies Limited reported a net profit of ₹75.35 lakh for the quarter ended June 30, 2026, marking a 44.6% decline from ₹136.04 lakh in the corresponding period of the previous fiscal year. While revenue from operations grew 7.5% year-on-year to ₹485.54 lakh, the significant drop in earnings highlights margin compression driven by increased operating expenses and a sharp collapse in other income. The company’s Board of Directors approved the unaudited financial results on July 30, 2026.

The quarterly results were reviewed by the Audit Committee and subsequently approved by the Board. The statutory auditors, Suryanarayana & Suresh, Chartered Accountants, conducted a limited review of the standalone financial results in accordance with Standard on Review Engagement (SRE) 2410. The financial statements were prepared in compliance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013, and SEBI Listing Regulations.

Financial Performance Overview

Revenue from operations increased to ₹485.54 lakh in Q1FY27, up from ₹451.82 lakh in Q1FY26. However, total income stood at ₹495.11 lakh, lower than the ₹536.87 lakh recorded in the prior year quarter due to a sharp decline in other income. Other income fell 88.8% to ₹9.57 lakh from ₹85.05 lakh, significantly impacting the top-line growth trajectory.

Operating expenses rose 6.0% to ₹394.41 lakh from ₹372.26 lakh. Employee benefits expense, the largest cost component, increased 5.8% to ₹318.66 lakh from ₹301.18 lakh. Depreciation and amortisation expense more than doubled to ₹25.87 lakh from ₹10.24 lakh, while other expenses decreased to ₹49.88 lakh from ₹60.84 lakh. The company reported no finance costs during the quarter.

What the Numbers Show

The divergence between revenue growth and profit decline indicates structural cost pressures rather than demand weakness. While core business operations generated higher revenue, the 88.8% collapse in other income removed a significant buffer that had previously supported profitability. Simultaneously, the doubling of depreciation expenses suggests recent capital investments are beginning to impact the bottom line. With employee benefits constituting nearly 66% of total expenses, any further wage inflation could continue to squeeze margins unless offset by pricing power or efficiency gains in other expense categories.