SPV Global Trading Limited has announced its unaudited financial results for the third quarter ended 31st December 2025, presenting a contrasting picture between its standalone and consolidated performance. The company's Board of Directors approved these results at a meeting held on 10th February 2026.

Standalone Financial Performance

The company's standalone operations showed continued challenges during Q3FY26. Total income remained minimal at ₹1.05 lakhs, consisting entirely of other income, as revenue from operations was nil during the quarter.

Despite the loss, the company showed improvement compared to the previous quarter, with reduced losses and lower total expenses. The company maintained its paid-up equity capital at ₹196.00 lakhs throughout the reporting periods.

Consolidated Financial Performance

The consolidated results painted a significantly different picture, driven primarily by the performance of subsidiary Rashtriya Metal Industries Limited. The consolidated entity demonstrated robust operational performance across key metrics.

The consolidated net profit of ₹2,524.70 lakhs represented a substantial increase of 355.58% compared to Q3FY24, demonstrating the strong contribution from subsidiary operations.

Nine Months Performance Analysis

For the nine months ended 31st December 2025, the consolidated entity showed consistent growth momentum. Revenue from operations reached ₹75,531.08 lakhs compared to ₹69,942.84 lakhs in the corresponding period of the previous year. The consolidated net profit for nine months stood at ₹3,945.86 lakhs, significantly higher than ₹1,401.06 lakhs in the previous year.

Subsidiary Structure and Contribution

The consolidated results include Rashtriya Metal Industries Limited as a 54.90% subsidiary, along with two subsidiary LLPs - RMIL Real Estate LLP and RMIL Properties LLP. The subsidiary's financial information was reviewed by other auditors, with total income of ₹23,732.80 lakhs and net profit of ₹2,527.01 lakhs for the quarter.

Operational Highlights

The company's primary business remains trading activities, with no other reportable segments as defined by Indian Accounting Standard 108. The consolidated entity showed strong operational efficiency with improved profit margins and effective cost management across various expense categories including material costs, employee benefits, and finance costs.

The financial results were prepared in accordance with Indian Accounting Standards and were subject to limited review by statutory auditors SIGMAC & CO, Chartered Accountants.

SPV Global Trading Limited has achieved a significant milestone in its strategic divestment plan with the board of directors approving a binding term sheet with Gravita India Limited for the sale of its majority stake in material subsidiary Rashtriya Metal Industries Limited. The board meeting held on February 9, 2026, formalized the transaction structure following earlier shareholder approval granted on February 6, 2026.

Transaction Structure and Buyer Details

The approved transaction involves the execution of a binding term sheet with Gravita India Limited for the sale of 22,79,410 equity shares representing a 54.90% stake in Rashtriya Metal Industries Limited. The transaction marks a strategic partnership with an established industry player.

Enhanced Valuation Achievement

The binding term sheet represents a significant improvement over the initially set minimum valuation framework. The final consideration of INR 310.17 crores exceeds the previously established minimum consideration of INR 302.02 crores, demonstrating successful value optimization in the buyer identification process.

Subsidiary's Strategic Importance

Rashtriya Metal Industries Limited represents a dominant portion of SPV Global Trading's consolidated operations. The subsidiary's contribution during the financial year ended March 31, 2025, underscores its material significance to the parent company's overall performance.

Regulatory Compliance and Timeline

The transaction structure ensures full compliance with regulatory requirements under SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company confirmed that Gravita India Limited does not form part of the promoter, promoter group, or group companies, ensuring the transaction remains outside the ambit of related party transactions.

The company has successfully obtained prior shareholder approval through a special resolution passed at an extraordinary general meeting held on February 6, 2026, with public shareholders' votes in favor exceeding those against the resolution. The proposed transaction is expected to be completed on or before March 31, 2026, subject to due diligence adjustments and customary closing conditions.

Next Steps

The company will proceed with the execution of definitive transaction documents, including the Share Purchase Agreement. Further disclosures will be made upon execution of the binding term sheet and completion of the transaction documentation process, in adherence to SEBI circular requirements dated July 13, 2023.