SPV Global Trading Limited shareholders approved a special resolution to increase the company's investment, loan, and guarantee limits to ₹350 crore during the 41st Annual General Meeting (AGM) held on September 29, 2026. This move significantly expands the company's capacity to deploy capital beyond statutory restrictions under Section 186 of the Companies Act, 2013.

The meeting, conducted at the registered office in Mumbai from 2:30 pm to 3:00 pm, also saw the approval of a separate special resolution to raise the borrowing power limit to ₹500 crore. This adjustment allows the company to exceed the limits specified under Section 180(1)(c) of the Companies Act, 2013, providing greater flexibility for future debt financing needs.

Key resolutions passed

The AGM addressed several critical governance and operational matters through ordinary and special resolutions. The audited financial statements for FY26 were adopted without any qualifications or observations by the auditor.

Board composition changes

The shareholders voted to appoint two new non-executive independent directors to strengthen the board's oversight capabilities. 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 and offered himself for re-election in accordance with the company's articles of association.

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.