SPV Global Trading appointed M/s. Chhogmal & Co. as its internal auditor effective September 10, 2026, following the resignation of M/s. CAS & Co.

The Board of Directors approved the change at a meeting held on September 10, 2026, acting on the recommendation of the Audit Committee. The appointment ensures continuity in the company’s internal audit functions under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Transition Details

M/s. CAS & Co. tendered its resignation due to a proposed transition of the internal auditor role within the Mahindra Group. The company received intimation of this cessation on September 10, 2026.

M/s. Chhogmal & Co., a chartered accountant firm based in Mumbai, assumes the role from the same date. The firm brings experience in finance, governance, and business strategy for multinational corporations and listed Indian entities.

Key Changes

The Board confirmed that M/s. Chhogmal & Co. has no relationship with any director of the company. The board meeting commenced at 3:00 pm and concluded at 4:00 pm.

SPV Global Trading reported a net profit of ₹25,459.95 lakh for the financial year ended March 31, 2026 (FY26), marking a sharp turnaround from a net loss of ₹2.19 lakh in FY25. The result was driven primarily by an exceptional gain from the sale of its material subsidiary, Rashtriya Metal Industries Limited.

The company’s 41st Annual General Meeting (AGM) is scheduled for Tuesday, September 29, 2026, at 2:30 pm at its registered office in Mumbai. Shareholders holding shares as of the cut-off date, September 22, 2026, are eligible to vote via remote e-voting between September 26 and September 28, 2026. The book closure period runs from Wednesday, September 23, 2026, to Tuesday, September 29, 2026 (both days inclusive).

Financial Performance

Revenue from operations declined to ₹1,186.27 lakh in FY26, down from ₹2,405.18 lakh in the previous year. However, other income surged to ₹96.69 lakh from ₹0.32 lakh, largely due to interest income and fair value gains on investments.

The operational business incurred a loss before tax of ₹995.16 lakh, compared to a minimal loss of ₹2.93 lakh in FY25. This operational deficit was more than offset by an exceptional item of ₹30,714.64 lakh, representing the profit on the disposal of the subsidiary.

What the Numbers Show

The financial results highlight a complete divergence between operational performance and bottom-line profitability. While revenue from core trading activities contracted by over 50%, the net profit figure is entirely non-operational in nature. The exceptional gain of ₹30,714.64 lakh constitutes virtually the entire net profit for the year, indicating that the company’s current earnings power is not reflective of its ongoing trading business but rather a one-time capital restructuring event.

Key Corporate Actions

The Board of Directors does not recommend a dividend for FY26. No amount has been transferred to reserves. The company’s paid-up share capital remains unchanged at ₹1.96 crore.

During the year, the company sold its entire 54.90% stake in Rashtriya Metal Industries Limited to Gravita India Limited for a consideration of approximately ₹310.17 crore. Following this transaction, Rashtriya Metal Industries ceased to be a subsidiary.

Board Changes and Resolutions

The AGM agenda includes several special resolutions:

• Approval to increase the limit for investments, loans, guarantees, and advances to ₹350 crore under Section 186 of the Companies Act, 2013.
• Approval to increase borrowing power to ₹500 crore under Section 180(1)(c) of the Companies Act, 2013.
• Appointment of Mr. Anil Kumar Bagri and Mr. Suresh Kishanlal Mundra as Non-Executive Independent Directors for a five-year term.

Mr. Navratan Bhairuratan Damani retires by rotation and offers himself for re-appointment. Mr. Dhiren Bontra resigned from the board effective August 12, 2026.