SVA India Limited , a company listed on the Bombay Stock Exchange (BSE), has announced the appointment of CS Ramesh Patwari as its new Company Secretary and Compliance Officer. The appointment, which took effect on October 27, 2025, was approved by the company's Board of Directors following a recommendation from the Nomination and Remuneration Committee.

Key Details of the Appointment

Professional Background

CS Ramesh Patwari brings significant experience to his new role at SVA India Limited. He is a fellow member of the Institute of Company Secretaries of India (ICSI) with approximately 9 years of practice experience. His expertise lies in handling corporate governance and compliance-related assignments, particularly for listed companies.

Scope of Responsibilities

In his new position, Patwari will be responsible for:

1. Ensuring compliance with Section 203 of the Companies Act, 2013
2. Adhering to the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014
3. Fulfilling the requirements of Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Corporate Governance Implications

This appointment underscores SVA India Limited's commitment to maintaining robust corporate governance practices. By bringing on board an experienced professional like Patwari, the company aims to strengthen its compliance framework and enhance its corporate governance structure.

The Board meeting that approved this appointment commenced at 11:00 AM and concluded at 12:00 PM on October 27, 2025. This information has been duly communicated to the BSE as per the regulatory requirements under SEBI regulations.

SVA India Limited, with its registered office at 162-C, Mittal Towers, 16th Floor, Nariman Point, Mumbai, continues to demonstrate its adherence to regulatory standards and its focus on maintaining transparency in its corporate actions.

SVA India Limited, a company listed on the Bombay Stock Exchange (BSE: 531885), has reported its financial results for the quarter ended June 30. The company's board of directors approved the unaudited financial results at a meeting held on August 12.

Financial Performance

SVA India's standalone financial results for Q2 show a significant increase in net loss compared to the same period last year. The company reported a standalone net loss of ₹50.17 lakhs, a substantial rise from the ₹0.42 lakhs loss recorded in Q2 of the previous year. This decline in performance is primarily attributed to reduced revenue and increased expenses.

Key financial highlights for Q2 (standalone):

The company's revenue from operations declined to ₹13.27 lakhs in Q2 from ₹22.88 lakhs in the corresponding quarter of the previous year. Total expenditure increased significantly to ₹62.90 lakhs, compared to ₹23.31 lakhs in Q2 of the previous year.

Consolidated Results

On a consolidated basis, SVA India reported a profit of ₹22.71 lakhs for the quarter. This positive result was primarily due to the company's share of profit from associates, including Aussee Oats India Limited and Aussee Oats Millings Private Limited, which amounted to ₹72.88 lakhs.

Board Meeting Outcomes

During the board meeting, several key decisions were made:

1. Approval of unaudited financial results for Q2.
2. Approval of the notice for the 44th Annual General Meeting (AGM).
3. Recommendation of financial statements to the members.
4. Confirmation of the reappointment of Mr. Abhinav Gupta (DIN: 02313375) as Director, who retires by rotation and is eligible for re-appointment at the upcoming AGM.
5. Appointment of VKM & Associates as scrutinizer for e-voting facilities and poll process for the 44th AGM.

The board meeting commenced at 3:00 PM and concluded at 4:05 PM.

Auditor's Review

NBS & Co., Chartered Accountants, conducted an independent review of the financial results. They reported that nothing has come to their attention that causes them to believe that the financial statements do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

SVA India Limited's financial performance in Q2 reflects challenges in its standalone operations, offset by positive contributions from its associates. Investors and stakeholders will be watching closely to see how the company addresses these challenges and leverages its associate relationships in the coming quarters.