Svam Software Ltd's board has approved the alteration of the object clause in its Memorandum of Association to diversify into agritech and real estate sectors. The decision, taken during a meeting on June 22, 2026, aims to expand the company's business operations beyond its current scope. The move signifies a strategic shift to incorporate technology-enabled agricultural activities and construction-related ventures.

The approval was granted in compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The specific changes involve the insertion of new clauses 7, 8, and 9 into the Main Objects under the Objects Clause (III)(A) of the Memorandum of Association.

New Business Objectives

The newly approved clauses outline three primary areas of expansion. Clause 7 focuses on agritech solutions, including digital farming, precision agriculture, and smart farming systems. It also encompasses the trade of agricultural inputs such as seeds, fertilizers, and pesticides.

Clause 8 authorizes the company to operate as farmers and cultivators, dealing in a variety of crops including organic, hybrid, and genetically modified options. This clause also permits the company to own and equip lands, forests, and farms for agricultural purposes.

Clause 9 covers real estate and construction activities. This includes the development of residential, commercial, and industrial buildings, as well as land development and infrastructure projects. The company is now authorized to acquire, lease, and construct immovable property in India and abroad.

Svam Software Limited reported a net profit of ₹9.07 crore for the financial year ended March 31, 2026, a significant increase from ₹2.14 crore in the previous year. The company's revenue from operations rose to ₹22.02 crore in FY26, compared to ₹19.14 crore in FY25. For the quarter ended March 31, 2026, the company recorded a net loss of ₹2.96 lakh, while revenue from operations stood at ₹4.11 lakh.

The Board of Directors approved the audited financial results for the quarter and financial year ended March 31, 2026, at a meeting held on May 30, 2026. M/s GAMS & Associates LLP, the statutory auditors, issued an audit report with a qualified opinion. The qualification relates to the company's use of accounting software for maintaining its books of accounts for the quarter and financial year ended March 31, 2026, which does not have a feature of recording audit trails (edit log) facility. The impact of the qualification has no financial impact.

Total income for FY26 increased to ₹79.43 lakh from ₹30.62 lakh in the previous year, driven by a rise in other income to ₹57.42 lakh. Total expenses for the year were ₹66.72 lakh, up from ₹28.37 lakh in FY25, primarily due to higher finance costs which amounted to ₹40.61 lakh. The company's earnings per share (EPS) for the year was ₹0.054 on a basic and diluted basis.

The company's assets and liabilities position showed total assets of ₹2,297.81 lakh as of March 31, 2026, compared to ₹1,946.72 lakh in the previous year. Cash and cash equivalents improved significantly to ₹206.08 lakh from ₹10.39 lakh. Equity share capital remained unchanged at ₹1,688.90 lakh. The company confirmed there were no deviations in the use of public issue proceeds for the quarter and financial year ended March 31, 2026.

Financial Highlights for FY26

The trading window for the company will close 48 hours after the financial results are made public on May 30, 2026, in compliance with regulatory protocols. The intimation regarding the outcome of the board meeting was submitted to BSE Limited by Director Harish Kumar Sharma.