Shivom Investment & Consultancy Limited reported a net profit of ₹288.48 lakh for the financial year ended March 31, 2026, a decline from ₹370.18 lakh in the previous year. The statutory auditor issued a disclaimer of opinion on the financial results due to the ongoing implementation of the resolution plan under the Insolvency and Bankruptcy Code (IBC) and the lack of access to historical records. The company's board approved the audited standalone financial results for the fourth quarter and fiscal year during a meeting held on May 30, 2026.

The company ceased its NBFC activities following the approval of the resolution plan by the National Company Law Tribunal (NCLT), Mumbai Bench-IV, on August 18, 2025. Consequently, the financial results have been restated in accordance with applicable Indian Accounting Standards (Ind AS). The resolution plan involves substantial restructuring of equity share capital, including the cancellation of existing shares and the issuance of new shares to unsecured financial creditors and the resolution applicant. These changes are pending approvals from stock exchanges and depositories.

S Parth & Co, Chartered Accountants, stated in the Independent Auditor's Report that they were unable to determine the necessary adjustments or disclosures due to the incomplete handover of management and records. The auditor noted that the consequential effects of the equity restructuring have not yet been reflected in the demat holdings or shareholding pattern as of March 31, 2026. The firm also highlighted that the current management lacks complete access to historical books of account, agreements, and supporting documents for certain assets and liabilities.

For the quarter ended March 31, 2026, the company reported a profit of ₹94.55 lakh, a decrease from ₹370.18 lakh in the same period of the previous year. Total income for the quarter stood at ₹97.01 lakh, while total expenses were ₹2.46 lakh. The paid-up equity share capital was restructured to ₹643.99 lakh for the year ended March 31, 2026, significantly reduced from ₹6,995.13 lakh in the prior year, reflecting the implementation of the resolution plan.

The board appointed M/s Patel Soni Shah & Co as statutory auditors for five years from April 1, 2026, subject to shareholder approval. Additionally, M/s Ronak Jhuthawat & Co was appointed as secretarial auditor and M/s Dhruvan Dalwadi & Co as internal auditor for FY27. The board also approved amendments to the Memorandum and Articles of Association to align with the Companies Act, 2013, and fixed the tenure of Mr. Ravi Dhirajlal Vagadiya as Managing Director for five years. The company has proposed to start manufacturing metal and metal-based products post-CIRP, though no such business had commenced by March 31, 2026.

Shivom Investment & Consultancy Limited has announced the outcome of its board meeting held on May 21, 2026. The board approved the appointment of two new Independent Non-Executive Directors and accepted the resignations of two existing directors, effective immediately.

Appointment of Independent Directors

Based on the recommendations of the Nomination and Remuneration Committee, the board appointed Kajal Ankitbhai Pambhar and Avani Vishnubhai Patel as Additional Directors in the category of Non-Executive Independent Director. Their tenure is set for a period of two years starting May 21, 2026, subject to shareholder approval in the forthcoming general meeting.

Change in Director Category

The board approved a change in the designation of Mr. Kuldeep Bharatbhai Khachar (DIN: 09187004) from Executive Director to Non-Executive Director, effective May 21, 2026. His office will be liable to retire by rotation.

Resignation of Independent Directors

The board took on record the resignations of Purvi Ramkumar Ukani (DIN: 09498180) and Manish Mahendrabhai Raval (DIN: 11286481) from the position of Independent Director. Their resignations are effective from the close of business hours on May 21, 2026, due to other professional commitments. Consequently, they have ceased to be members of the company's committees.