SV Global Mill Limited has announced a series of strategic decisions aimed at optimizing its land assets and generating new revenue streams, as approved by its Board of Directors on November 3, 2025.

Land Development and Infrastructure Initiatives

The company has taken significant steps in land development and infrastructure improvement:

SV Global Mill opted to pay Rs 5.13 crores to CMDA for Open Space Reservation instead of surrendering 3,107.79 sq. feet of land, considering it more beneficial to retain the land.

New Revenue Stream: Drive-in Restaurant

The company has entered into a revenue-sharing agreement with Kamatchi Express, a sole proprietorship owned by Mr. Suresh Kumar, for operating a drive-in restaurant on the company's property at Armenian Street, Chennai. Key details of the agreement include:

• Commencement Date: October 9, 2025
• Revenue Sharing Model: 10% of monthly earnings or Rs 6 lakh, whichever is higher
• Duration: Initial period of 11 months, subject to review

Proposed Sale of Bangalore Land

The Board has authorized the Chairman & Managing Director to initiate an open bidding process for the sale of 4.58 acres of vacant land in Agraharam, Cottonpet Taluk, Bangalore. This decision aims to ensure transparency and maximize value for the company.

These strategic moves by SV Global Mill demonstrate the company's focus on optimizing its land assets and diversifying its revenue streams. The impact of these initiatives on the company's financial performance will be closely watched by investors in the coming quarters.

SV Global Mill Limited , a company listed on the Bombay Stock Exchange (BSE: 535621), has announced a significant change in its leadership team. The company has appointed Sri. B. Parameswar as its new Chief Financial Officer (CFO), effective November 3, 2025.

Key Appointment Details

Appointment Process

The appointment of Sri. B. Parameswar was not a hasty decision. The company's Nomination and Remuneration Committee (NRC) recommended his appointment at their meeting held on October 23, 2025. This recommendation was subsequently approved by the company's board, as announced by E. Shanmugam, the Chairman and Managing Director of SV Global Mill Limited.

Professional Background

Sri. B. Parameswar brings a wealth of experience to his new role. As a Chartered Accountant with over three decades of experience in finance and related functions, he is well-equipped to handle the financial responsibilities of SV Global Mill Limited. His previous stint with Bharat Heavy Electricals Limited, a renowned public sector undertaking, adds significant value to his profile.

Regulatory Compliance

In line with regulatory requirements, SV Global Mill Limited has duly informed the BSE about this appointment. The company has complied with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency in its corporate actions.

Additional Corporate Updates

In the same board meeting, the company also approved the unaudited financial results (both standalone and consolidated) for the quarter and half-year ended September 30, 2025. These results, along with the Limited Review Reports, have been prepared in accordance with regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.

The appointment of Sri. B. Parameswar as CFO marks a significant step for SV Global Mill Limited. His extensive experience and expertise are expected to contribute to the company's financial strategy and operations in the coming years.