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.

SPV Global Trading Limited approved its un-audited standalone financial results for the first quarter ended June 30, 2026, during a board meeting held on August 12, 2026. The company also appointed two additional non-executive independent directors to its board.

The board considered the limited review report for Q1FY27 alongside other agenda items for the upcoming annual general meeting (AGM). A revised outcome of the meeting was communicated to the BSE on August 24, 2026, to include previously omitted approvals regarding increased financial limits.

Key Board Approvals

The board approved several strategic and administrative measures during the session:

• Appointment of Mr. Anil Kumar Bagri as an Additional Non-Executive Independent Director. He brings vast experience in the NBFC sector.
• Appointment of Mr. Suresh Kishanlal Mundra as an Additional Non-Executive Independent Director. He is an experienced finance and corporate governance professional with over four decades of industry exposure.
• Re-appointment of M/s. CAS & Co Chartered Accountant as internal auditors for the financial year 2026–27.
• Approval of the secretarial audit report and internal audit report for FY25-26.
• Appointment of M/s. Jajodia & Associates as the scrutinizer for the upcoming AGM.

Proposed Financial Limits

The board sought shareholder approval at the upcoming AGM for significant increases in financial powers:

These proposals aim to increase limits beyond those previously approved by members. The appointments of the new directors comply with SEBI Listing Regulations and relevant circulars issued in January 2026.