SVP Global Textiles has scheduled its 44th Annual General Meeting for Wednesday, September 30, 2026. The meeting will be held via Video Conferencing or Other Audio Visual Means to transact ordinary and special business for the financial year ended March 31, 2026.

Financial Performance

The group’s financial results reflect divergent performance between the holding entity and its subsidiaries. While the standalone entity remained non-operational with zero revenue from operations, the consolidated group generated revenue of ₹503.13 lakh, down sharply from ₹9,220.72 lakh in FY25. Despite the revenue decline, the group achieved profitability primarily due to a reversal of exceptional items.

In FY25, the group reported exceptional items of ₹19,984.06 lakh. In contrast, FY26 saw exceptional items of (₹36,237.04) lakh, largely driven by reversals of impairments on inventory, trade receivables, and investments. This reversal contributed to the overall profit for the period. Standalone expenses were dominated by depreciation and amortization of ₹734.21 lakh, against nil revenue.

Corporate Actions and AGM

The company will hold its 44th Annual General Meeting on Wednesday, September 30, 2026, at 3:00 pm via Video Conferencing or Other Audio Visual Means. Shareholders registered as on September 23, 2026, will be eligible to vote. Remote e-voting will be available from September 26 to September 29, 2026.

Key agenda items for the meeting include:

• Adoption of audited financial statements for FY26.
• Reappointment of Mr. Chirag Pittie as a director retiring by rotation.
• Appointment of Mrs. Aradhana Nayak as an Independent Woman Director for five years, effective from August 14, 2026.
• Ratification of remuneration for cost auditors M/s. M. Goyal & Co. at ₹20,000 plus taxes for the financial year 2026-27.

Mrs. Aradhana Nayak was appointed as an Additional Director (Non-Executive Independent Woman Director) by the Board on August 14, 2026. Her appointment requires shareholder approval within three months of her initial appointment or at the next general meeting, whichever is earlier. She holds a Diploma in Electronics and Telecommunication Engineering and has approximately five years of experience in technical and analytical fields.

Operational Status and Risks

Manufacturing operations at the company’s plant remained non-operational throughout FY26. Consequently, there was no manufacturing activity or turnover from core textile operations. The management continues to monitor industry developments and evaluate opportunities for revival subject to prevailing market conditions.

The auditor’s report highlights several emphasis of matter points, including the Corporate Insolvency Resolution Process (CIRP) initiated against key step-down subsidiaries, Shri Vallabh Pittie South West Industries Limited and Shri Vallabh Pittie Industries Limited. Additionally, the company faces pending litigations and tax demands, which are disclosed as contingent liabilities.

SVP Global Textiles will hold its Board of Directors meeting on September 4, 2026. The session aims to approve financial results and governance reports for the fiscal year ended March 31, 2026.

The company notified the BSE and NSE on August 27, 2026, regarding the upcoming proceedings. The meeting is scheduled at the registered office located in Mumbai.

Agenda Highlights

The board has listed several key items for consideration during the session. These include regulatory approvals and administrative decisions required for the upcoming annual general meeting.

Key Agenda Items

• Fixing the date, time, and venue for the 44th Annual General Meeting (AGM).
• Approving the draft notice for the AGM.
• Providing facilities for remote e-voting during the AGM.
• Determining the record date and book closure period for the AGM.
• Appointing a scrutinizer for the e-voting process.

Financial and Governance Approvals

The directors will also review and approve critical documents related to the company's performance and compliance for FY26. This includes the following reports:

• Directors' Report and its annexures.
• Management Discussion and Analysis (MD&A) Report.
• Corporate Governance Report.
• Secretarial Audit Report issued by the secretarial auditor.

Regulatory Context

The intimation was issued pursuant to Regulation 29 read with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Gopal Lohia, a director of the company, signed the communication.