Shivansh Finserve Limited has submitted its mandatory quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission, dated April 14, 2026, covers the quarter ended March 31, 2026.

Regulatory Compliance Certificate

The certificate was issued by Purva Sharegistry (India) Pvt. Ltd., the company's appointed Registrar and Transfer Agent. The document confirms adherence to three key regulatory requirements:

The registrar certified that all dematerialized securities have been properly listed on stock exchanges where the company's earlier issued securities are traded. Additionally, the certificate confirms that received security certificates were mutilated and cancelled following proper verification procedures.

Dematerialization Activity Report

The detailed quarterly report reveals no dematerialization activity during the period from January 1, 2026 to March 31, 2026. The comprehensive data table shows:

Corporate Information

Shivansh Finserve Limited, formerly known as Mansarovar Financial Services Limited, operates under CIN L65100GJ1984PLC082579. The company trades on BSE with scrip code 539593 and stock code SHIVA. Mr. Rajesh Fojaji Karwasara, Director with DIN 01115598, signed the submission on behalf of the company.

Registrar Details

Purva Sharegistry (India) Pvt. Ltd. serves as the company's registrar and transfer agent, holding SEBI registration INR000001112 as Category 1 Registrars to IPO & Share Transfer Agents. Ms. Deepali Gaonkar, Compliance Officer, certified the quarterly compliance report dated April 1, 2026.

The submission ensures continued compliance with SEBI regulations governing depositories and participants, maintaining transparency in the company's share transfer and dematerialization processes.

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.