Board Meeting Details

The Board meeting commenced at 4:00 PM and concluded at 6:30 PM at the company's registered office.

Key Decisions Approved

1. Increase in Authorized Share Capital

  • Approved increase from ₹10.25 crore (1,02,50,000 equity shares of ₹10 each) to ₹50 crore (5,00,00,000 equity shares of ₹10 each)
  • Addition of ₹39.75 crore divided into 3,97,50,000 equity shares of ₹10 each
  • Subject to shareholder approval in upcoming Annual General Meeting

2. Alteration of Memorandum of Association

  • Approved alteration of Capital Clause (Clause V) of MOA pursuant to the increase in authorized share capital
  • Subject to member approval in ensuing AGM

3. Acquisition of Startech Infralogistics Private Limited (SIPL)

  • Acquisition of 11,18,149 equity shares (19.50% stake) in SIPL
  • Total purchase consideration: ₹42,48,96,620
  • Price per share: ₹380
  • Payment method: Issuance of 2,12,44,831 equity shares of Shivansh Finserve at ₹20 per share (₹10 face value + ₹10 premium)
  • Share swap arrangement for discharge of entire purchase consideration
  • SIPL will become an investee company of Shivansh Finserve
  • Initial board approval given on August 28, 2026

SIPL Company Details:

  • Authorized Capital: ₹6,00,00,000
  • Paid-up Capital: ₹5,73,41,040
  • Turnover (March 31, 2025 audited): ₹52,37,78,000
  • Industry: Transportation and logistics services including fleet carriers, transporters, clearing and forwarding agents
  • Date of incorporation: March 31, 2022
  • Turnover history: FY2023: ₹6,24,87,238; FY2024: ₹3,55,08,000; FY2025: ₹52,37,78,000
  • Not a related party transaction

4. Acquisition of Peepal Mining and Logistics Private Limited (PMLPL)

  • Acquisition of 10,21,960 equity shares (19.50% stake) in PMLPL
  • Total purchase consideration: ₹38,83,44,800
  • Price per share: ₹380
  • Payment method: Issuance of 1,94,17,240 equity shares of Shivansh Finserve at ₹20 per share (₹10 face value + ₹10 premium)
  • Share swap arrangement for discharge of entire purchase consideration
  • PMLPL will become an investee company of Shivansh Finserve
  • Initial board approval given on August 29, 2026

PMLPL Company Details:

  • Authorized Capital: ₹5,25,00,000
  • Paid-up Capital: ₹5,24,08,250
  • Turnover (March 31, 2025 audited): ₹71,19,43,000
  • Industry: Transportation and logistics services, mining operations
  • Date of incorporation: February 4, 2022
  • Turnover history: FY2023: ₹3,80,15,887; FY2024: ₹6,25,83,000; FY2025: ₹71,19,43,000
  • Not a related party transaction

5. Preferential Issue of Equity Shares

  • Approved preferential issue of 4,06,62,071 equity shares
  • Issue price: ₹20 per share (₹10 face value + ₹10 premium)
  • Shares to be issued to shareholders of SIPL (2,12,44,831 shares) and PMLPL (1,94,17,240 shares)
  • Total issue value: ₹81,32,41,420
  • Consideration other than cash (share swap arrangement)
  • Subject to shareholder approval and regulatory approvals

List of Proposed Allottees:

  • SYMBOL ADVERTISING & MARKETING PRIVATE LIMITED: 61,15,416 shares
  • NISHCHAL LEASING AND FINANCE PRIVATE LIMITED: 66,98,583 shares
  • BACIL PHARMA LIMITED: 42,15,416 shares
  • BRENLEY ENGINEERS PRIVATE LIMITED: 36,23,680 shares
  • SHRYNAX TRADING PRIVATE LIMITED: 66,46,200 shares
  • EARTH CAPITAL FINVEST LIMITED: 55,23,680 shares
  • RAMESH RAMDHARI GUPTA: 18,11,840 shares
  • SHEELA HARIPRASAD GUPTA: 18,11,840 shares

6. Annual General Meeting

  • AGM scheduled for Tuesday, September 29, 2026 at 3:00 PM
  • Venue: 22, First Floor, Harsidhh Complex, Opp. Kalupur Commercial Bank, Income Tax, Ashram Road, Ahmedabad, Gujarat, 380014

7. Directors' Report

  • Approved Directors' Report for financial year ended March 31, 2026 with annexures

8. Shifting of Registered Office

  • Approved shifting of registered office from Gujarat to Maharashtra
  • Subject to member approval and regulatory compliance

9. Appointment of Statutory Auditors

  • Appointed M/s. Suvarna & Katdare, Chartered Accountants to fill casual vacancy caused by resignation of previous auditors
  • Subject to member approval at AGM

10. Appointment of CFO

  • Appointed Mr. Anuvrat Jhawar as Chief Financial Officer

11. Change of Designation

  • Changed designation of Mr. Hiren K Patel from Executive Director to Whole Time Director
  • Subject to shareholder approval

12. Other Approvals

  • Approved appointment of scrutinizer for AGM e-voting facility
  • Authorized management to file necessary applications with stock exchanges and authorities

Valuation Reports

  • Taken on record valuation reports from registered valuers:
  • JHA PRABHAKAR PRAMOD (IBBI/RV/16/2021/14342101) for target companies
  • Bhavesh M Rathod (IBBI/RV/06/2019/10708) for company shares

Financial Impact

  • The acquisitions and preferential issue will result in issuance of 4,06,62,071 new equity shares
  • Total consideration value of ₹81,32,41,420 for the acquisitions
  • Increase in authorized share capital by ₹39.75 crore if approved

Timeline

  • Acquisitions expected to be completed within 15 days after final shareholder or stock exchange approval
  • All major decisions subject to shareholder approval at AGM on September 29, 2026