SPV Global Trading Limited shareholders unanimously approved all resolutions at the 41st Annual General Meeting (AGM), including a special resolution to increase investment limits to ₹350 crore.

The meeting, held on September 29, 2026, in Mumbai, saw the passage of a separate special resolution raising borrowing power to ₹500 crore. These moves expand the company's capacity to deploy capital beyond statutory restrictions under Section 186 of the Companies Act, 2013.

Voting details and attendance

The scrutinizer's report confirmed that all six resolutions were passed with requisite majority. Voting was conducted via poll at the AGM venue, as no remote e-voting was recorded. The total number of valid votes cast was 1,759,029, representing 89.75% of the outstanding shares. Notably, zero shareholders attended in person or through proxy; all votes were cast by poll attendees.

Key resolutions passed

The AGM addressed governance and operational matters through ordinary and special resolutions. The audited financial statements for FY26 were adopted without qualifications. The promoter group held 13,18,593 shares, while public non-institutional holders held 6,41,407 shares. Both groups voted entirely in favor of all resolutions.

Board composition changes

Shareholders voted to appoint two new non-executive independent directors to strengthen board oversight. Anil Kumar Bagri and Suresh Kishanlal Mundra were elected via special resolutions, joining the existing board structure. Navratan Damani was re-appointed as a director in place of himself, having retired by rotation.

What the numbers show

The simultaneous approval of substantial increases in both investment capacity (₹350 crore) and borrowing authority (₹500 crore) suggests a strategic pivot toward aggressive capital deployment or balance sheet expansion. The borrowing limit exceeds the investment cap by ₹150 crore, indicating that the company is positioning itself to potentially leverage debt not just for direct investments but also for broader corporate purposes or working capital requirements, subject to future board decisions.

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.