Shivom Investment & Consultancy Limited has scheduled its 34th and 36th Annual General Meeting (AGM) on July 7, 2026, at its registered office in Mumbai. The meeting will be held to adopt the audited standalone financial statements for the financial years 2023-24 and 2025-26. The company has fixed June 29, 2026, as the record date to determine shareholder eligibility for the AGM and remote e-voting.

Key Resolutions

Shareholders will consider the appointment of M/s. Patel Soni Shah & Co, Chartered Accountants, as Statutory Auditors for a term of five years from FY27 to FY31. The company also seeks approval to appoint Ms. Avani Vishnubhai Patel and Ms. Kajal Ankitbhai Pambhar as Independent Directors for a period of two years. Additionally, the AGM will consider the re-appointment of Kuldeep Bharatbhai Khachar as Director, liable to retire by rotation.

Governance and Borrowing

The company proposes to adopt new Memorandum and Articles of Association to align with the Companies Act, 2013. Shareholders will also vote on special resolutions to approve borrowing limits up to ₹500 crore and investment, loan, and guarantee limits up to ₹200 crore under Sections 180(1)(c) and 186 of the Companies Act, 2013. The remuneration terms for Managing Director Mr. Ravi Dhirajlal Vagadiya, appointed by the NCLT, will also be ratified.

E-Voting and Book Closure

Remote e-voting will commence on July 4, 2026, at 9:00 a.m. and conclude on July 6, 2026, at 5:00 a.m. The book closure period is from June 29, 2026, to July 7, 2026. The notice was submitted to BSE Limited under scrip code 539833 pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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.