Shivansh Finserve Limited approved key strategic resolutions at its Annual General Meeting (AGM) held on September 29, 2026. The members sanctioned the acquisition of equity shares in two private limited entities through share swaps and authorized the shifting of the company's registered office from Gujarat to Mumbai.

The meeting, conducted at the company's Ahmedabad premises, adopted the audited financial statements for FY26. Directors Rajesh Fojaji Karwasara, Hiren Kishor Patel, Siddharth Parshottam Gajra, and Krati Garg received reappointment or regularisation approvals. The board also appointed new statutory and secretarial auditors for the upcoming fiscal year.

Strategic acquisitions and capital structure changes

A significant portion of the agenda focused on expansion through acquisitions and capital restructuring. Members approved the acquisition of 11,18,149 equity shares of M/s. Startech Infralogistics Private Limited and 10,21,960 equity shares of M/s. Peepal Mining and Logistics Private Limited. These acquisitions are structured as special resolutions, indicating their material impact on the company’s portfolio.

Concurrently, the company will issue 4,06,62,071 equity shares on a preferential basis. This issuance is for consideration other than cash, specifically on a share swap basis, aligning with the acquisition strategy. To accommodate these changes, the authorized share capital was increased, requiring a consequential alteration in the Memorandum of Association.

Governance and operational updates

The AGM addressed several governance matters, including the appointment of directors and auditors. Hiren Kishor Patel was appointed as Whole Time Director. Siddharth Parshottam Gajra and Krati Garg were regularised as Independent Directors. Rajesh Fojaji Karwasara was reappointed following his retirement by rotation.

In terms of audit appointments, M/s. Suvarna & Katdare Chartered Accountants were appointed as Statutory Auditors to fill a casual vacancy caused by the resignation of the previous auditors for FY27. M/s. Ramesh Chandra Bagdi & Associates were appointed as Secretarial Auditors.

Summary of key resolutions

What the numbers show

The approval of the preferential issue of over 4 crore shares on a share swap basis directly correlates with the approved acquisitions of Startech Infralogistics and Peepal Mining. This indicates a non-cash consolidation strategy where Shivansh Finserve is expanding its asset base or operational reach through equity exchange rather than immediate cash outflow. The simultaneous shift of the registered office to Mumbai suggests a strategic realignment towards major financial hubs, potentially to facilitate these corporate actions and future fundraising efforts.

Shivansh Finserve Limited has proposed the appointment of Mrs. Roshni Alkesh Agarwal as its new Whole Time Company Secretary and Compliance Officer. The move follows the resignation of the previous incumbent, ensuring continuity in corporate governance and secretarial compliance functions.

The appointment was intimated to the stock exchanges on September 22, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that the confirmation for this appointment will be finalized in the next board meeting.

Profile of the Appointee

Mrs. Agarwal is an Associate Member of the Institute of Company Secretaries of India (ICSI) with Membership No. ACS 58610. Her professional background includes experience in Corporate Laws, SEBI Regulations, and Secretarial Compliances. The filing explicitly notes that she is not related to any Director of the company, addressing potential conflict-of-interest disclosures under regulatory norms.

Regulatory Compliance and Governance

The disclosure highlights that the appointment addresses a vacancy created by the resignation of the former Company Secretary. By filling this key managerial position promptly, the company maintains adherence to statutory requirements regarding the presence of a qualified Company Secretary. The intimation was signed by Hiren Kishor Patel, Director (DIN: 10753864), on behalf of the Board.