Savera Industries Schedules Board Meeting on May 23, 2026 to Consider FY26 Audited Results and Dividend

Savera Industries has informed BSE Limited of a forthcoming Board of Directors meeting, notified pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting is designated as SI. No. 01/2026-27 and is set to be held at the company's registered office.

Board Meeting Details

The board meeting is scheduled for Saturday, May 23, 2026, at 3:00 p.m. The intimation was communicated to BSE Limited on May 13, 2026, and was digitally signed by R. Siddharth, Company Secretary of Savera Industries.

The key agenda items for the meeting are outlined below:

Agenda Item:	Details
Meeting Date:	Saturday, May 23, 2026
Meeting Time:	3:00 p.m.
Venue:	Registered Office of the Company
Item 1:	Audited Financial Results for the year ended March 31, 2026
Item 2:	Recommendation of dividend for FY 2025-26, if any
Regulatory Reference:	Regulation 29, SEBI (LODR) Regulations, 2015

Agenda Overview

The board will consider the following matters during the meeting:

Audited Financial Results: Review and approval of the audited financial results for the year ended March 31, 2026.
Dividend Recommendation: Consideration of dividend recommendation for the financial year 2025-26, if any.

The notice was submitted to the Corporate Relationship Department of BSE Limited and was signed by R. Siddharth in his capacity as Company Secretary of Savera Industries.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.95%	-3.20%	-2.78%	+1.50%	+16.70%	+258.16%

Savera Industries Limited has successfully concluded its board meeting and approved the company's strategic expansion into the fitness and wellness sector. The board formally approved entering the fitness studio business through related party transactions for establishing operations in Chennai.

Board Meeting Outcome

The board of directors convened as scheduled and concluded with unanimous approval for the fitness studio initiative. The meeting addressed key operational and financial aspects of the proposed expansion.

Meeting Details:	Information
Meeting Date:	April 18, 2026
Meeting Duration:	03.30 P.M to 06.40 P.M
Meeting Number:	SL No. 01/2026-27
Venue:	Registered office of the Company

Approved Business Expansion

The board approved entering the fitness studio business as part of the company's expansion strategy. The initiative involves leasing property and equipment from related parties to establish the fitness facility under the company's proprietary brand.

Project Approval:	Details
Business Type:	Fitness Studio
Brand Name:	O2 Health Studio
Location:	Chennai
Commencement:	Upon obtaining required approvals

Related Party Transaction Details

The expansion involves strategic agreements with two related party entities for property lease and equipment arrangements. The transactions have been structured as arm's length deals with specific financial terms.

Transaction Partners:	Agreement Type
M/s. Shyam Investments (Partnership Concern):	Property lease agreement
M/s. Ruchi Agro Products Pvt Ltd:	Equipment leasing
Relationship:	Four promoters are partners in both entities
Transaction Nature:	Arm's length basis

Financial Terms and Considerations

The board approved specific financial arrangements for the fitness studio operations, including rental payments, security deposits, and equipment leasing costs structured over a five-year period.

Financial Components:	Amount
Annual Rent:	INR 12.00 lakhs per annum
Security Deposit:	INR 6.00 lakhs (interest-free)
Equipment Leasing:	INR 1.80 lakhs
Lease Period:	5 years with 5% annual enhancement
Partner Entity Turnover (FY 2024-25):	Shyam Investments: Rs. 1.48 crores, Ruchi Agro: Rs. 59.50 lakhs

Regulatory Compliance and Documentation

The company maintained full regulatory compliance throughout the approval process, with proper documentation submitted to stock exchanges. Company Secretary R. Siddharth executed the formal communications, ensuring adherence to corporate governance standards and transparency requirements for listed companies.