SPV Global Trading Limited has published its public notice in newspapers regarding the Extra-Ordinary General Meeting (EGM) scheduled for April 23, 2026, ensuring compliance with regulatory requirements. The company announced book closure intimation from April 17, 2026 to April 23, 2026 under Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance and Publication Details

Pursuant to Regulation 47(3) read with Regulation 30 of SEBI Listing Regulations, the company published public notices in Financial Express (English) and Prathakal (Marathi) newspapers on April 2, 2026. The notice confirms that the EGM will be conducted through physical mode at the company's registered office in Mumbai.

Book Closure and EGM Schedule

The company has established a comprehensive timeline for the EGM proceedings with specific regulatory compliance requirements:

The Register of Members will remain closed during the book closure period for the purpose of the EGM. Shareholders whose names appear in the Register of Members as on the cut-off date will be eligible to participate in the voting process.

Managing Director Remuneration Approval

The primary agenda seeks shareholder approval for Mr. Balkrishna Binani's remuneration as Managing Director for a three-year tenure from March 13, 2026 to March 12, 2029:

The remuneration package includes perquisites such as furnished accommodation, medical reimbursement, leave travel concession, club fees, personal accident insurance, car with chauffeur, and communication facilities. Mr. Balkrishna Binani holds a P.G. in Commerce from Pune University and is an alumni of Harvard Business School.

Related Party Transactions

The second resolution addresses approval of related party transactions involving salary payments to relatives of directors:

The total expected annual value of these related party transactions amounts to ₹1,10,00,000/-. These transactions require shareholder approval as they exceed threshold limits specified under Section 188 of the Companies Act, 2013 and Regulation 23 of SEBI Listing Regulations.

Company Financial Performance

The company's recent financial performance shows mixed results across the last three years:

The company reported a loss of ₹2.19 lakhs in 2024-25 compared to profits in the previous two years, highlighting the importance of minimum remuneration provisions during periods of inadequate profits.

The book closure intimation has been communicated to BSE Limited under the company's scrip code 512221. The company has appointed Ms. Priti Jajodia of Jajodia and Associates as the scrutinizer for the voting process. Shareholders can participate through multiple channels including remote e-voting via NSDL platform, ballot forms, or voting at the meeting venue.

Source: None/Company/INE177E01010/bf6f4c8e-3193-45a4-bbd1-62e62e55c526.pdf

Gravita India Limited , a leading global recycling company, has signed definitive agreements to acquire a 98.95% stake in Rashtriya Metal Industries Limited for a total consideration of ₹559.08 crores. The transaction marks a significant strategic expansion for the Jaipur-based recycling leader into the copper and copper alloy manufacturing sector.

Transaction Structure

The acquisition encompasses multiple components, with Gravita India acquiring stakes from different shareholders including SPV Global Trading Limited, which is selling its 54.90% stake for ₹310.17 crores as part of the overall deal.

Target Company Profile

Rashtriya Metal Industries Limited stands as one of India's most reputed manufacturers of copper and copper alloy products, including strips and coils. The company has established a strong international presence with approximately 40% of its revenue derived from exports to key markets.

Strategic Rationale

The acquisition enables Gravita India to strategically expand its recycling portfolio beyond its existing businesses in lead, plastic, rubber, and aluminum recycling. RMIL's established presence in electrical and automotive applications provides Gravita access to high-entry-barrier segments that align with India's Make in India initiatives.

This move positions Gravita as an integrated recycling and value-added product manufacturer, enhancing its competitive positioning and margin profile through copper scrap recycling to copper alloys manufacturing.

Market Context

The acquisition comes amid growing global demand for copper, with world refined copper usage having more than tripled over the past 50 years. This growth is driven by expanding sectors including electrical and electronic products, building construction, industrial machinery and equipment, transportation equipment, and consumer products.

Regulatory Compliance

The transaction has been disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Global M&A advisory firm Singhvi Advisors acted as exclusive strategic and financial advisor, while Crawford Bayley & Co. Advocates & Solicitors provided legal advisory services to Gravita India.