Shivamshree Businesses AGM passes FY26 accounts, MD re-appointment
Shivamshree Businesses Limited held its 43rd Annual General Meeting on July 7, 2026, via video conferencing. Shareholders adopted the audited standalone financial statements for FY26 and re-appointed Managing Director Prafulbhai Parshottambhai Bavishiya as Director. The resolutions were passed through remote e-voting and e-voting during the meeting.
*this image is generated using AI for illustrative purposes only.
Shivamshree Businesses Limited successfully concluded its 43rd Annual General Meeting on July 7, 2026, adopting the audited standalone financial statements for the financial year ended March 31, 2026. The meeting, conducted via Video Conferencing and Other Audio-Visual Means, also approved the re-appointment of Managing Director Mr. Prafulbhai Parshottambhai Bavishiya as Director. These decisions were taken through remote e-voting and during the meeting, ensuring compliance with the Companies Act, 2013, and SEBI regulations.
The meeting was chaired by Mr. Prafulbhai Parshottambhai Bavishiya, who was unanimously elected to the role. As the Chairman had an interest in one of the agenda items, Mr. Ghanshyambhai Gajera, CFO, facilitated the proceedings. The statutory quorum was confirmed present through the video conferencing platform before the meeting commenced at 11:30 A.M. IST and concluded at 11:50 A.M. IST.
E-voting Details
In compliance with Section 108 of the Companies Act, 2013, and Regulation 44 of the SEBI Listing Regulations, the company provided remote e-voting facilities. The remote e-voting period was open from July 4, 2026, at 09:00 A.M. IST to July 6, 2026, at 05:00 P.M. IST. Additionally, e-voting remained available during the AGM and for 15 minutes post-conclusion for members who had not cast their votes.
Resolutions Passed
The members considered and approved two key items of business during the meeting. The resolutions were passed via the e-voting system.
| Item No | Agenda | Resolution |
|---|---|---|
| 1. | Adoption of Audited Standalone Financial Statements for FY26, including the Balance Sheet, Statement of Profit and Loss, Statement of Changes in Equity, and Cash Flow Statement, along with Board and Auditor reports. | Ordinary |
| 2. | Re-appointment of Mr. Prafulbhai Parshottambhai Bavishiya (DIN: 01908180) as Director, liable to retire by rotation, in compliance with Section 152(6) of the Companies Act, 2013. | Ordinary |
The detailed voting results and the Consolidated Scrutinizer's Report will be submitted separately to the exchanges within the stipulated timelines. The Chairman expressed gratitude to the members for their continued trust and formally declared the meeting closed.
Historical Stock Returns for Shivamshree Businesses Li
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.72% | +6.56% | +14.71% | +16.77% | -12.16% | +160.00% |
What strategic growth initiatives does Shivamshree Businesses Limited plan to pursue under the leadership of the re-appointed Managing Director?
How will the adoption of the FY26 audited financial statements influence the company's capital allocation and dividend policy for the upcoming year?
Are there any potential changes to the board composition or executive management team expected following the re-appointment of the current leadership?
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