S V Global Mill Limited has scheduled a Board of Directors meeting for August 28, 2026, to consider a scheme of arrangement regarding the cancellation of physical shares held in its suspense account.

The meeting will be conducted via video conferencing, with the deemed venue at the company’s registered office in Chennai. The primary agenda item involves approving the scheme to be filed with the National Company Law Tribunal (NCLT) in Chennai and the Bombay Stock Exchange (BSE) for necessary regulatory approvals.

Regulatory Compliance

The intimation was issued pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company notified the BSE Listing Department on August 21, 2026, regarding the upcoming corporate action.

P S Ravishankar, Company Secretary and Compliance Officer, signed the disclosure, confirming the procedural steps required under securities law for such arrangements.

S V Global Mill Limited reported a consolidated net profit of ₹481.17 lakh for the quarter ended June 30, 2026 (Q1FY27), marking a significant turnaround from the consolidated loss of ₹902.90 lakh in the corresponding period of the previous fiscal year. The profitability was primarily driven by substantial other income of ₹833.53 lakh, which offset operational challenges. Concurrently, the Board of Directors accepted the resignation of B. Parameswar as Chief Financial Officer (CFO) and Key Managerial Personnel, effective August 3, 2026, citing personal reasons.

The financial results were approved by the Board at a meeting held on August 3, 2026, at the company’s registered office in Chennai. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The unaudited financial results were published in Financial Express (English) and Tamil Murasu (Tamil) on August 3, 2026, as per Regulation 47 of the SEBI (LODR) Regulations, 2015.

Financial Performance

Consolidated revenue from operations declined to ₹72.04 lakh for Q1FY27, down from ₹149.41 lakh in Q1FY26. However, total income surged to ₹905.57 lakh due to significant contributions from other income. In contrast, the standalone entity recorded a net loss of ₹51.85 lakh for the quarter, compared to a profit of ₹8.04 lakh in the same period last year. Standalone revenue from operations fell to ₹47.23 lakh from ₹62.24 lakh in the corresponding quarter last year.

The consolidated profit before tax stood at ₹687.17 lakh, against which tax expenses amounted to ₹206.00 lakh. The standalone segment incurred total expenses of ₹187.11 lakh against total income of ₹135.26 lakh, leading to the reported loss. Earnings per share for the consolidated entity were ₹2.67, compared to ₹0.47 in Q1FY26.

Leadership Changes and Legal Updates

B. Parameswar’s resignation marks a leadership transition for the company. The Board also took on record an update regarding the company’s case for additional compensation pertaining to the compulsory acquisition of 3 acres and 16 guntas of land by the Karnataka Government. The matter was previously referred to the Karnataka Mediation Center by the Hon’ble High Court of Karnataka but has since been referred back to the High Court for further proceedings based on a request by the Karnataka Government.

What the Numbers Show

The divergence between standalone and consolidated performance highlights the impact of associate and subsidiary results. While the standalone real estate development activities faced margin pressure—with other expenses rising to ₹116.20 lakh from ₹95.95 lakh in the prior year—the consolidated view benefited significantly from other income streams. The consolidated other income of ₹833.53 lakh substantially offset operational costs, driving quarterly profitability despite lower revenue from core operations compared to the previous year.