Shivansh Finserve Limited has announced the proposed appointment of Mr. Prakhar Agarwal as the new Company Secretary, with final confirmation pending approval in the upcoming board meeting. The announcement was made through a formal intimation to BSE Limited dated 16.03.2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The proposed appointment comes following the resignation of the company's previous Company Secretary. The key details of the appointment are outlined below:

Professional Background

Mr. Prakhar Agarwal brings extensive experience in compliance services to his new role. According to the company's announcement, he meets all necessary criteria regarding independence, eligibility, and qualifications as mandated under the Companies Act, 2013, and SEBI regulations.

Regulatory Compliance

The intimation was formally communicated to BSE Limited by Mr. Rajesh Fojaji Karwasara, Director of Shivansh Finserve Limited (DIN: 01115598). The company, formerly known as Mansarovar Financial Services Limited, operates under CIN L65100GJ1984PLC082579 and trades on BSE with scrip code 539593.

Next Steps

The final confirmation of Mr. Agarwal's appointment as Company Secretary will be decided in the company's next board meeting. This procedural step ensures proper governance protocols are followed before the appointment becomes official.

Shivansh Finserve Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, following approval by the Board of Directors in their meeting held on February 14, 2026. The results were prepared in accordance with Indian Accounting Standards and reviewed by the company's statutory auditors.

Quarterly Financial Performance

For the third quarter of FY26, Shivansh Finserve reported mixed financial performance with revenue operations showing significant variation compared to previous quarters.

The company recorded no revenue from operations during Q3FY26, similar to Q3FY25, while the previous quarter Q2FY26 had shown substantial operational revenue of Rs 260.31 lakhs.

Nine-Month Performance Analysis

The nine-month period ended December 31, 2025, demonstrated a remarkable turnaround in the company's financial position compared to the corresponding period in the previous year.

Expense Structure and Operational Metrics

The company's expense profile for Q3FY26 totaled Rs 9.86 lakhs, significantly lower than Q2FY26's Rs 205.51 lakhs but comparable to Q3FY25's Rs 21.76 lakhs. Key expense components included:

• Employee benefits expense: Rs 3.80 lakhs
• Finance costs: Rs 1.51 lakhs
• Legal & Professional expenses: Rs 3.30 lakhs
• Other expenses: Rs 0.64 lakhs
• Depreciation and amortisation: Rs 0.61 lakhs

Corporate Governance and Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors. The company's statutory auditors, HSK & Co LLP, conducted a limited review of the unaudited financial results and provided their independent review report. The company maintains a paid-up equity share capital of Rs 624.00 lakhs with face value of Rs 10 per share, which remained consistent across all reported periods.

Business Segment and Operations

Shivansh Finserve operates in a single business segment in line with Indian Accounting Standard 108 on Operating Segments. The company, formerly known as Mansarovar Financial Services Limited, is headquartered in Ahmedabad, Gujarat, and operates in the financial services sector.