Shareholders of sv global mill approved the continuation of D. Kuppan’s directorship beyond the age of 75 years and appointed a new firm as its statutory auditor during the company’s 19th Annual General Meeting (AGM) held on July 31, 2026. The resolutions were passed via video conference, marking a key governance update for the real estate-focused entity.

The meeting, which commenced at 12.00 noon and concluded at 12:33 p.m., addressed both ordinary and special business items in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders also adopted the audited standalone and consolidated financial statements for the financial year ended March 31, 2026.

Key Resolutions Passed

The most significant special resolution involved the approval to continue the directorship of Sri. D. Kuppan (DIN: 06966946) as a Non-Executive and Non-Independent Director beyond the age of 75 years. This action was taken pursuant to Regulation 17(1A) of the SEBI LODR Regulations, 2015, following a recommendation by the Nomination and Remuneration Committee and the Board of Directors.

Additionally, shareholders passed ordinary resolutions to:

• Re-appoint Sri. D. Kuppan as a Non-Executive Non-Independent Director liable to retire by rotation.
• Appoint M/s. Senthil Kumar & Sundararajan, Chartered Accountants (FRN: 011750S), as Statutory Auditors for a consecutive term of five years, effective from FY 2026-27 till FY 2030-31.
• Fill the casual vacancy caused by the resignation of M/s. S. Viswanathan LLP by appointing M/s. Senthil Kumar & Sundararajan until the conclusion of the 19th AGM.

Financial Context

The AGM considered the audited financial results for FY 2025-26. On a standalone basis, the company reported a profit after tax of ₹672.46 lakhs, reversing a loss of ₹31.70 lakhs in the previous year. This turnaround was primarily driven by exceptional income arising from land acquisition by the Government of Tamil Nadu. However, on a consolidated basis, the group reported a net loss after tax of ₹909.22 lakhs, attributed to a diminution in the value of investments held by its subsidiary, SV Global Finance Private Limited.

Governance and Compliance

The Board of Directors, led by Chairman and Managing Director E. Shanmugam, recommended these changes to ensure continuity in governance and audit oversight. The appointment of the new statutory auditors was subject to shareholder approval, which was granted at the meeting. The company confirmed that no dividends are proposed for the financial year ended March 31, 2026.

What the Numbers Show

The divergence between standalone profitability and consolidated losses highlights the impact of investment valuation on the group’s overall performance. While the parent company benefited from one-off exceptional gains related to land acquisition, the subsidiary’s portfolio devaluation weighed heavily on consolidated results. This underscores the importance of monitoring investment risks within the NBFC subsidiary alongside the core real estate operations.

S V Global Mill Limited will close its register of members and share transfer books from July 25, 2026, to July 31, 2026, for the purpose of its 19th Annual General Meeting (AGM). The company has fixed July 24, 2026, as the cut-off date to determine shareholder eligibility for participation in the e-voting process. This closure is pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The AGM is scheduled to be held on July 31, 2026, at 12.00 Noon IST via Video Conferencing or Other Audio-Visual Means (VC/OAVM). Shareholders will consider the appointment of M/s. Senthil Kumar & Sundararajan, Chartered Accountants, as statutory auditors for a term of five years from FY 2026-2027 to FY 2030-2031. This follows the resignation of the previous auditor, M/s. S. Viswanathan LLP, effective July 3, 2026.

The agenda includes the re-appointment of Sri. D. Kuppan (DIN: 06966946), a non-executive non-independent director, beyond the age of 75 years. A special resolution has been proposed for his continuation based on the Nomination and Remuneration Committee's recommendation. Additionally, the meeting will adopt the audited standalone and consolidated financial statements for the financial year ended March 31, 2026.

Remote e-voting will commence on July 28, 2026, at 9.00 AM IST and conclude on July 30, 2026, at 5.00 PM IST. The intimation was signed by P.S. Ravishankar, Company Secretary & Compliance Officer.

Key AGM and Book Closure Details