SPV Global Trading Limited announced that its board of directors approved the sale of its entire holding in material subsidiary Rashtriya Metal Industries Limited during a meeting held on January 8, 2026. The decision was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transaction Structure and Valuation

The board approved the disposal of the company's complete 54.90% stake comprising 22,79,410 equity shares in Rashtriya Metal Industries Limited to prospective buyers. The transaction framework establishes clear parameters for the divestment:

The final consideration will be determined through negotiations with prospective buyers but will not be less than 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 Impact

Rashtriya Metal Industries Limited represents a significant portion of SPV Global Trading's consolidated operations. The subsidiary's contribution during the financial year ended March 31, 2025, demonstrates its material importance to the parent company:

Management Authorization and Process

The board authorized Managing Director Balkrishna Binani to handle comprehensive aspects of the proposed transaction. His delegated responsibilities encompass:

• Negotiating and finalizing all necessary agreements and documentation including share purchase agreements
• Executing legal documents, indemnities, guarantees, and undertakings
• Engaging advisors, consultants, or intermediaries as required
• Settling questions or difficulties that may arise during the transaction process

The company confirmed that prospective buyers will be persons other than promoters, promoter group members, or group companies, ensuring the transaction will not constitute a related party transaction.

Regulatory Compliance and Timeline

SPV Global Trading Limited will make additional disclosures to stock exchanges in accordance with LODR Regulations as transaction terms are finalized or when agreements are executed. The board meeting commenced at 2:00 PM and concluded at 3:00 PM on January 8, 2026.

The company has not yet entered into any sale agreement and is currently in the process of identifying suitable prospective buyers. The board aims to complete the proposed transaction on or before June 30, 2026, subject to completion of all condition precedents as mutually agreed between the parties. Further disclosures will be made upon buyer identification and execution of definitive transaction documents.

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.