Nature of the Event

Regulatory filing pursuant to SEBI Listing Regulations (LODR) Reg. 34(1) and Reg. 42, intimating the stock exchange about the 35th Annual General Meeting (AGM), the accompanying annual report, and the book closure period.

AGM Logistics and Book Closure

  • The 35th AGM is scheduled to be held on Wednesday, September 30, 2026, at 11:30 AM IST.
  • The meeting will be conducted entirely through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The deemed venue is the company's registered office at 501, OIA House, 470 Cardinal Gracious Road, Andheri (East), Mumbai-400099.
  • The Register of Members and Share Transfer Books will remain closed from September 24, 2026, to September 30, 2026 (both days inclusive) for the purpose of determining shareholders eligible to attend and vote at the AGM.
  • The cut-off date for determining voting rights is September 23, 2026.

Agenda Items for the 35th AGM

Ordinary Business

1. Adoption of Financial Statements: To consider and adopt the audited financial statements for the financial year ended March 31, 2026, along with the reports of the Board of Directors and Statutory Auditors.

2. Appointment of Director: To appoint a director in place of Mr. Advait Chaturvedi (DIN: 05003448), who retires by rotation and is eligible for re-appointment.

Special Business

3. Approval for Land Monetization/Mortgage (Special Resolution):

  • Seeks shareholder approval under Section 180(1)(a) of the Companies Act, 2013, and SEBI LODR Reg. 37A(1).
  • Purpose: To monetize the company's land located at Chhata-Barsana Road, Mathura-281401, Uttar Pradesh.
  • The land may be sold, developed (individually or jointly with a developer), or a part of it may be equitably mortgaged to secure bridge finance.
  • The consideration for any sale will not be less than the fair market value determined by an independent property consultant.
  • Rationale: The company discontinued its PTA plant in 2018. The land is underutilized and is currently mortgaged to remaining financial creditors (PICUP, SBI, Canara Bank). SBI and Canara Bank have DRT decrees from 2005 against the company, and PICUP had issued a possession notice. The company has made a part payment in a settlement with PICUP. Monetization is deemed necessary to settle these mounting liabilities, make the company debt-free, and provide capital to pursue new business objectives.
  • Use of Proceeds: Primarily to repay existing borrowings/creditors. The balance will be used for the company's capital requirements.
  • The Board is authorized to finalize terms, execute documents, and obtain necessary approvals, including for land conversion from industrial to residential.

4. Alteration of Memorandum of Association (Special Resolution):

  • Seeks approval under Section 13 of the Companies Act, 2013, to alter the main object clause (III(A)) of the MOA.
  • Proposed New Objects:
  • Clause 6: To undertake business in the defence sector, including designing, manufacturing, and trading of systems and equipment for rockets, missiles, electronic warfare, armoured vehicles, naval systems, space research, drones, etc.
  • Clause 7: To undertake business in renewable energy, including manufacturing and dealing in solar panels, energy storage systems, and executing projects in solar, wind, biomass, hydro, nuclear, and biofuels.
  • Clause 8: To provide mining, exploration, drilling, and related consultancy services.
  • Rationale: The current agri-business offers limited growth. Diversification into high-growth sectors like defence (supported by 'Atmanirbhar Bharat' policy) and renewable energy (aligned with India's 500 GW target by 2030) is proposed for long-term value creation.

5. Re-appointment of Ms. Sonal Waghela (Special Resolution):

  • To re-appoint Ms. Sonal Jitendra Waghela (DIN: 09495499) as a Non-Executive Independent Director for a second term of 5 years, from February 14, 2027, to February 13, 2032.
  • She was first appointed on February 14, 2022. She holds a Bachelor of Commerce degree and has 23 years of accounting experience.
  • She is not related to any other director or KMP. She has declared herself independent under the Act and SEBI LODR.
  • She attended 4 out of 4 board meetings in FY 2025-26.

6. Appointment of Mr. Ambuj Chaturvedi (Ordinary Resolution):

  • To appoint Mr. Ambuj Chaturvedi (DIN: 05003458) as Managing Director for a period of 5 years, from August 29, 2026, to August 28, 2031.
  • Remuneration: He will serve without any remuneration until the company starts making a profit. He will only be entitled to reimbursement of expenses incurred in the performance of his duties.
  • He holds a Bachelor's degree in Politics and Economics from the University of Bath, UK. He was first appointed as a director on February 12, 2021.
  • He holds 85,95,800 equity shares in the company. He attended 4 out of 4 board meetings in FY 2025-26.

E-Voting and VC/OAVM Instructions

  • The remote e-voting period begins on September 27, 2026, at 09:00 AM and ends on September 29, 2026, at 05:00 PM.
  • The appointed Scrutinizer is M/s Abhishek Wagh & Associates, Practicing Company Secretaries (FRN: 2024MH971000).
  • Detailed instructions for shareholders (both demat and physical) to vote remotely and to join the AGM via VC/OAVM are provided in the notice.
  • Shareholders who vote via remote e-voting cannot vote again during the meeting.

Other Key Disclosures

  • The annual report for FY 2025-26 has been sent to the exchange and is available on the company's website (www.svcindustriesltd.com) and the BSE website (www.bseindia.com).
  • The company's RTA (Registrar and Transfer Agent) is Purva Sharegistry (India) Private Limited, Mumbai.
  • Members are urged to update their contact details, PAN, and bank information with their Depository Participants (for demat holdings) or the RTA (for physical holdings).