SVA India Limited's Board of Directors has recommended a new statutory auditor appointment following the resignation of the company's existing auditors. The board has recommended appointing Jayesh Dadia Associates LLP as the statutory auditor to fill the casual vacancy arising from NBS & Company's resignation.

Board Meeting Outcome

The board meeting commenced at 2:30 PM and concluded at 3:00 PM on December 12, 2025. The company communicated this decision to the Bombay Stock Exchange under Regulation 30 disclosure requirements of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Appointment Details

The board has recommended appointing M/s Jayesh Dadia Associates LLP, Chartered Accountants (FRN: W100122), as the company's statutory auditors. This appointment aims to fill the casual vacancy arising from the resignation of M/s NBS & Company, Chartered Accountants (FRN: 004972C).

Professional Profile

Jayesh Dadia Associates LLP is described as a professional services firm offering comprehensive value-added services. The firm's service portfolio includes:

• Audits and accountancy services
• Direct taxation advisory
• Goods and Services Tax consultation
• Company law matters
• FEMA (Foreign Exchange Management Act) advisory services

The firm prides itself on providing personalized services to clients and approaching client problems in an integrated manner. Located in Mumbai, the financial capital of India, the firm represents a blend of experience and youth sharing a common vision.

Regulatory Compliance

The appointment follows applicable provisions of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that the outgoing auditors have not raised any concerns or issues, with their resignation attributed to reasons stated in their resignation letter.

The appointment remains subject to approval by shareholders at the upcoming general meeting. The decision was communicated through proper regulatory channels, ensuring compliance with all disclosure requirements under the listing regulations.

SVA India Limited has announced the termination of its joint venture agreement with Future Consumer Limited, citing violations of certain terms and conditions. The termination notice was issued in accordance with the provisions of the Joint Venture Agreement dated April 25, 2014.

Key Details of the Termination

SVA India Limited, in its regulatory filing, stated that the company will continue to take all necessary steps arising from the termination in accordance with contractual and legal obligations. This move signifies a significant change in the business relationship between the two entities.

Implications and Next Steps

The termination of this joint venture agreement could have potential impacts on both companies' operations and strategies. While the specific violations leading to the termination have not been disclosed, such actions often result from disagreements over business operations, financial matters, or strategic directions.

SVA India Limited's decision to terminate the agreement suggests that the company is taking a firm stance on compliance with contractual terms. This move may lead to a restructuring of operations previously handled under the joint venture.

Investors and market watchers will likely be keen to observe how this development affects both companies' future performance and market positions. It remains to be seen whether this termination will lead to any legal proceedings or if the companies will seek alternative partnerships to fill the gap left by this dissolved joint venture.

As the situation unfolds, stakeholders should stay tuned for any further announcements from either SVA India Limited or Future Consumer Limited regarding the impact of this termination on their respective business operations and financial outlooks.