Shivansh Finserve has scheduled a board meeting for September 5, 2026, to finalize the acquisition of StarTech Infralogistics Private Limited and Peepal Mining and Logistics Private Limited. The deal involves a share swap mechanism.

The company intends to acquire equity shares of both entities from their existing shareholders. This follows an in-principle approval granted by the board on August 6, 2026. The upcoming meeting will determine the final acquisition price, number of shares, and payment terms based on valuation reports.

Transaction Structure

The acquisition will be financed through a preferential issue of equity shares to the shareholders of StarTech Infralogistics and Peepal Mining. This non-cash consideration aims to discharge the entire purchase value. The process adheres to Chapter V of the SEBI ICDR Regulations, 2018. Shareholder approval remains required for the final execution.

Capital Raise and Governance

The board will also consider raising additional funds through a separate preferential allotment of equity shares. Terms including issue price and size will be determined during the meeting. This move suggests a strategic capital restructuring alongside the acquisitions.

Other key agenda items include:

• Increasing the authorized share capital subject to regulatory approvals.
• Reviewing valuation, due diligence, and compliance certificates for the acquisitions.
• Taking on record the Secretarial Audit Report for FY26.
• Appointing a new CFO and discussing changes in executive director designations.
• Fixing the date and venue for the Annual General Meeting.

Shivansh Finserve has received consent and eligibility confirmation from M/s. Suvarna & Katdare for appointment as its statutory auditors. The firm holds Chartered Accountants registration number 125080W.

The company disclosed the development on August 30, 2026, pursuant to Regulation 30 of the SEBI Listing Regulations. The proposal will be placed before the Board of Directors at its ensuing meeting for consideration and approval.

Auditor Profile

M/s. Suvarna & Katdare is a firm of Chartered Accountants with experience in statutory audit, accounting, taxation, corporate and regulatory compliances, and other professional services. The firm confirmed it is not disqualified from appointment under the Companies Act, 2013.

Regulatory Compliance

The intimation was submitted to BSE Limited’s Listing Department in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. No relationships between directors and the proposed auditor were disclosed.

The term of appointment shall be as approved by the Board or Members, as applicable. A further disclosure will be made upon final approval.