Shivansh Finserve Limited has concluded its board meeting held on April 14, 2026, where directors approved significant corporate restructuring decisions including fund-raising initiatives, share capital modifications, and a strategic name change reflecting the company's new business direction.

Board Meeting Outcomes

The meeting, held at the company's registered office on April 14, 2026, addressed the previously scheduled agenda items in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Director Mr. Rajesh Fojaji Karwasara signed the outcome notification submitted to BSE Limited.

Key Approved Resolutions

The board considered and approved three major corporate transformation initiatives:

Strategic Business Transformation

The approved name change to "Indeed Energy Limited" signals a fundamental shift in the company's business model. The board has approved new main objects focusing on two key sectors:

Renewable Energy Operations

The company will engage in generation, production, transmission, distribution, trading and supply of power from renewable and non-renewable sources including solar, wind, hydro, geothermal, and biomass. Operations will encompass design, development, manufacture, installation, and maintenance of solar power systems, photovoltaic modules, wind turbines, hybrid energy systems, and energy storage solutions.

Drone Manufacturing and Services

The second major focus involves manufacturing, assembling, importing, exporting, and servicing unmanned aerial vehicles (UAVs) and drones strictly for non-defence and civilian applications. These applications include agriculture, surveying, mapping, logistics, inspection, monitoring, and research activities.

Implementation Timeline

The meeting, which commenced at 5:30 PM and concluded at 6:30 PM, established that specific terms for the preferential issue and final share capital modifications will be determined in subsequent board meetings. The name change and object clause alterations are subject to shareholder approval and Registrar of Companies availability.

Corporate Background

Shivansh Finserve Limited, operating under CIN L65100GJ1984PLC082579 and formerly known as Mansarovar Financial Services Limited, continues its strategic evolution from financial services to energy and technology sectors. The comprehensive transformation reflects the company's commitment to emerging growth sectors while maintaining regulatory compliance under SEBI listing obligations.

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.