SPV Global Trading Limited has scheduled an extraordinary general meeting (EGM) on February 6, 2026, to seek shareholder approval for the proposed sale of its entire 54.90% stake in material subsidiary Rashtriya Metal Industries Limited. The board had earlier approved the divestment during its meeting held on January 8, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

EGM Schedule and Voting Details

The company has announced comprehensive details for the upcoming shareholder meeting and voting procedures:

The EGM will be held at 308-312, Meadows, Sir M.V. Road, Sahar Plaza Complex, J.B. Nagar, Andheri (E), Mumbai - 400059. Shareholders can participate through remote e-voting via NSDL platform or attend the meeting in person.

Transaction Structure and Valuation

The proposed transaction involves the complete disposal of SPV Global Trading's holding in Rashtriya Metal Industries Limited to prospective buyers other than promoters or group companies:

The final consideration will be determined through negotiations with prospective buyers but will not fall below the minimum per share value of ₹1,325.00. The transaction remains subject to due diligence adjustments, requisite approvals including shareholder consent, and fulfillment of relevant condition precedents.

Material Subsidiary's Financial Contribution

Rashtriya Metal Industries Limited represents a significant portion of SPV Global Trading's consolidated operations, contributing substantially to the parent company's financial performance:

Regulatory Compliance and Authorization

The board has authorized Managing Director Balkrishna Binani to handle all aspects of the proposed transaction, including negotiating agreements, executing legal documents, and engaging advisors as required. The company confirmed that the transaction will not constitute a related party transaction as prospective buyers will be persons other than promoters or group members.

In compliance with Section 180(1)(a) of the Companies Act, 2013 and Regulation 24(5) of SEBI Listing Regulations, the company requires special resolution approval from shareholders for disposing of shares in its material subsidiary. The company will make additional disclosures to stock exchanges as transaction terms are finalized or when definitive agreements are executed.

SPV Global Trading Limited has announced its unaudited financial results for the second quarter ended September 30, 2025, revealing a mixed performance with significant revenue growth but a notable decline in profitability.

Revenue Growth and Profit Decline

The company reported a substantial increase in revenue from operations, which rose to Rs 2,046.87 crore in Q2 FY2026, up from Rs 232.97 crore in the same quarter of the previous year. This represents a remarkable year-over-year growth of approximately 778.6%. However, despite this impressive top-line growth, SPV Global Trading posted a net loss of Rs 8.36 crore for the quarter, compared to a loss of Rs 26.87 crore in Q2 FY2025.

Consolidated Performance

On a consolidated basis, the company's performance showed a stark contrast to its standalone results. SPV Global Trading reported a consolidated profit of Rs 1,356.14 crore for the quarter, highlighting the significant contribution of its subsidiary, Rashtriya Metal Industries Limited, to the group's overall financial health.

Financial Position and Liquidity

The company's liquidity position has seen a notable decrease. Cash and cash equivalents stood at Rs 3.90 crore as of September 2025, down from Rs 116.76 crore reported in March 2025. This substantial reduction in cash reserves may raise questions about the company's short-term financial flexibility.

Key Financial Metrics

Here's a breakdown of some key financial metrics for SPV Global Trading Limited:

*As of March 2025

Management Approval and Future Outlook

The Board of Directors approved these financial results at their meeting held on November 13, 2025. While the company has shown impressive revenue growth, the continued standalone losses and decreased cash reserves may prompt investors to look for management's strategies to improve profitability and maintain liquidity in the coming quarters.

SPV Global Trading's primary focus on trading activities, coupled with the strong performance of its subsidiary, suggests a complex financial picture that investors will need to monitor closely. The stark difference between standalone and consolidated results underscores the importance of the company's subsidiary operations to its overall financial health.