Svam Software board of directors approved the reconstitution of its audit committee and appointed M/s. Jyoti Harpalani & Associates as statutory auditors in a meeting held on September 8, 2026. The company also submitted its annual report for the financial year ended March 31, 2026 (FY26), to the BSE Limited.

The company scheduled its 34th Annual General Meeting (AGM) for September 30, 2026, to be conducted via video conferencing or other audio-visual means. The board further recommended the appointment of M/s. Jay Pandya & Associates as secretarial auditor for a five-year term.

Financial Performance for FY26

Svam Agritech Limited reported a net profit of ₹9.07 lakh for FY26, up from ₹2.14 lakh in FY25. Revenue from operations stood at ₹22.02 lakh, compared to ₹19.14 lakh in the previous year. Total expenses rose to ₹66.72 lakh from ₹28.37 lakh. Other income increased significantly to ₹57.42 lakh from ₹11.48 lakh in FY25.

The company did not recommend any dividend for FY26 to conserve resources for future growth. The authorized share capital remains at ₹30 crore, with paid-up capital at ₹16.89 crore.

Audit Committee Reconstitution

The board reconstituted the Audit Committee effective September 8, 2026. The committee composition is as follows:

Auditor Appointments

Based on Audit Committee recommendations, the board proposed appointing M/s. Jyoti Harpalani & Associates, Chartered Accountants (FRN: 165641W), to fill the casual vacancy arising from the resignation of M/s. G A M S & Associates LLP. This appointment is effective until the conclusion of the ensuing 34th AGM.

Additionally, the board recommended appointing the same firm as Statutory Auditors for a five-year term from FY27 to FY31, subject to shareholder approval at the AGM. The firm will hold office from the conclusion of the 34th AGM until the conclusion of the 39th AGM in 2031.

Secretarial Audit and Registered Office Change

The board recommended appointing M/s. Jay Pandya & Associates, Company Secretaries (FRN: S2024GJ963300), as Secretarial Auditor for five consecutive financial years, from FY27 to FY31. This appointment complies with Regulation 24A of SEBI Listing Regulations and Section 204 of the Companies Act, 2013.

The company also approved changing its registered office from Jhilmil, East Delhi, to Shakarpur, New Delhi, effective September 8, 2026.

Svam Software reported a standalone net loss of ₹19.15 lakh for the quarter ended June 30, 2026 (Q1FY26), marking a significant deterioration from the ₹0.69 lakh profit recorded in the preceding quarter (Q4FY25) and the ₹1.04 lakh profit in the corresponding period of FY25. The company’s Board of Directors approved the unaudited financial results in a meeting held on August 12, 2026.

Revenue from operations expanded sharply to ₹40 lakh in Q1FY26, up from ₹6.49 lakh in Q1FY25 and ₹4.11 lakh in Q4FY25. Despite this top-line growth, profitability eroded as total expenses jumped to ₹71.62 lakh, compared to ₹8.95 lakh in Q1FY25 and ₹21.64 lakh in Q4FY25. The loss before tax stood at ₹19.15 lakh, with no tax expense provisioned for the current quarter.

Financial Performance Overview

The financial statement highlights a divergence between revenue growth and cost management. While revenue increased substantially, other income declined to ₹12.47 lakh from ₹18.22 lakh in the previous quarter. Total income for the quarter was ₹52.47 lakh, insufficient to cover the elevated expenditure levels.

What the Numbers Show

The primary driver of the quarterly loss was the surge in "Other expenses," which stood at ₹44.48 lakh in Q1FY26. This figure alone exceeded the total revenue from operations (₹40 lakh) and represented approximately 62% of the total expenses for the quarter. In contrast, other expenses were just ₹3.44 lakh in Q1FY25 and ₹2.21 lakh in Q4FY25. This sharp increase in operational overheads completely offset the revenue growth, leading to the negative bottom line.

Purchases of stock-in-trade also rose significantly to ₹26.65 lakh from ₹4.99 lakh in Q1FY25, indicating increased inventory buildup or trading activity. Finance costs remained minimal at ₹0.45 lakh, down from ₹16.77 lakh in the previous quarter. Employee benefit expenses were not disclosed for the current quarter, whereas they stood at ₹0.75 lakh in Q4FY25.

Auditor Review and Compliance

GAMS & Associates LLP, the statutory auditors, conducted a limited review of the financial results in accordance with Standard on Review Engagements (SRE) 2410. The audit report stated that nothing came to their attention to suggest that the unaudited financial results contained any material misstatement or failed to disclose information required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company operates within a single primary business segment, Trading, making segment-wise disclosure under IND AS 108 not applicable. No investor complaints were pending at the beginning of the quarter or received during the period ended June 30, 2026.