Siddha Ventures Limited has appointed M/s. Vidhya Baid & Co as its Secretarial Auditor for a five-year term. The Board of Directors approved the appointment during its meeting held on September 3, 2026, at its registered office in Kolkata.

The appointment is subject to shareholder approval at the company's 35th Annual General Meeting, scheduled for September 28, 2026. The term will commence from the conclusion of this AGM and extend until the conclusion of the 40th AGM in FY31.

Auditor Profile and Compliance

The appointment was made based on the recommendation of the Audit Committee and pursuant to Section 204 of the Companies Act, 2013, and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

M/s. Vidhya Baid & Co holds Membership No. 8882 and CP No. 8686. The firm specializes in secretarial audit, due diligence, and corporate compliance management. Ms. Vidhya Baid, the proprietor, is a Fellow Member of the Institute of Company Secretaries of India and a registered Insolvency Professional. The firm holds a valid certificate from the Peer Review Board of ICSI and has over 15 years of professional experience.

The disclosure stated that there are no relationships between the directors and the appointed auditor.

Other Board Approvals

The meeting also addressed several other governance matters. The board recommended the re-appointment of Mr. Pradeep Sethia, who is retiring by rotation under section 152(6) of the Companies Act, 2013. His appointment requires shareholder approval at the ensuing AGM.

Additionally, the board considered the appointment of Ms. Chaitali Paul as an Independent Women Director. If approved, her tenure will span five years, from the conclusion of the current AGM until the conclusion of the 40th AGM in FY31.

M/s. Vidhya Baid & Co will also serve as the Scrutinizer for the voting process at the upcoming AGM. The board authorized Mr. Siddharth Sethia, Mr. Laxmipat Sethia, and Ms. Nikita Agarwal to manage the entire poll and e-voting process.

Siddha Ventures Limited significantly narrowed its net loss to ₹5.13 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹2,415.30 lakh in the previous year, according to a regulatory filing. The improvement in annual performance was driven by a substantial reduction in expenses related to changes in the value of shares traded, which fell to ₹-28.12 lakh in FY26 from ₹2,765.97 lakh in FY25. The company's board approved the audited annual financial results for the quarter and year ended March 31, 2026, on May 28, 2026.

For the quarter ended March 31, 2026 (Q4FY26), Siddha Ventures reported a net profit of ₹107.63 lakh, reversing from a net loss of ₹100.83 lakh in the quarter ended December 31, 2025. In the corresponding quarter of the previous year ended March 31, 2025, the company had posted a net profit of ₹47.35 lakh. Total income for Q4FY26 stood at ₹14.57 lakh, while the company recorded a negative total expense of ₹89.13 lakh, primarily due to a negative figure of ₹101.07 lakh under changes in the value of shares traded.

Revenue from operations for the full year FY26 was ₹21.71 lakh, a sharp decline from ₹107.14 lakh in the previous fiscal year. Other income for the year decreased to ₹0 lakh from ₹38.41 lakh in FY25. Total expenses for FY26 were reported at ₹-26.64 lakh, significantly lower than the ₹2,781.23 lakh incurred in the preceding year. The company's earnings per share (EPS) for the year improved to a loss of ₹0.05 per share from a loss of ₹24.16 per share in FY25.

The company's balance sheet as of March 31, 2026, showed total assets of ₹1,461.52 lakh, slightly down from ₹1,466.21 lakh in the previous year. Non-current assets increased to ₹847.73 lakh from ₹213.48 lakh, largely due to a rise in loans to ₹846.75 lakh from ₹212.50 lakh. Current assets decreased to ₹613.79 lakh from ₹1,252.73 lakh, with cash and cash equivalents improving to ₹31.78 lakh from ₹6.53 lakh. Total equity stood at ₹1,460.61 lakh, while total liabilities were minimal at ₹0.91 lakh.

The cash flow statement for FY26 indicated a net increase in cash and cash equivalents of ₹25.25 lakh. Cash used in operating activities was ₹554.74 lakh, while cash generated from investing activities was ₹579.99 lakh, primarily driven by a decrease in loans. The statutory auditors, Damle Dhandhania & Co., expressed an unmodified opinion on the financial results, which were prepared in accordance with the Indian Accounting Standards (Ind AS).