Saven Technologies has scheduled its 33rd Annual General Meeting for Thursday, September 24, 2026. The event will take place at 4:00 pm through video conferencing or other audio-visual means.

The company issued the intimation on August 28, 2026, in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The meeting adheres to multiple Ministry of Corporate Affairs circulars, including Circular no. 03/2025 dated September 22, 2025, and earlier guidelines from 2020 to 2024.

Meeting Details

Vasista Raghava Padmannagari, Company Secretary and Compliance Officer, signed the disclosure. The notice was submitted to the Corporate Relationship Department of BSE Limited.

Key Agenda Items

Shareholders will transact ordinary business during the meeting, which includes the following resolutions:

• Adoption of Financial Statements: Consider and adopt the audited financial statements for the financial year ended March 31, 2026, 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 had approved this dividend in its meeting held on February 6, 2026.
• Re-appointment of Director: Re-appoint Mr. Rajagopal Ravi (DIN: 06755889) as a director liable to retire by rotation. He is eligible for re-appointment and has offered himself for the same.

Director Profile

Mr. Rajagopal Ravi, aged 69, holds a degree in Commerce from the University of Madras and is a qualified Chartered Accountant and Company Secretary. He has over four decades of experience in finance, accounts, corporate management, and governance.

He serves as the Chairman of the company effective April 1, 2025, and is a member of the Audit Committee and Stakeholders Relationship Committee. During FY25-26, he attended all five board meetings held. His remuneration for FY25-26 included ₹6 lakhs towards remuneration and ₹2.5 lakhs towards sitting fees. He holds no shares in the company.

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 Central Depository Services (India) Limited 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.

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.