Summary of Board Meeting Outcomes

A meeting of the Board of Directors of SVC Industries Limited was held on Saturday, August 29, 2026, commencing at 12:00 Noon and concluding at 12:47 p.m. The following matters were considered and approved:

1. Annual Report and AGM Arrangements

  • Approved the Board's Report along with its annexures for FY 2025-26, pursuant to Section 134(3) of the Companies Act, 2013.
  • The 35th Annual General Meeting will be convened on Wednesday, September 30, 2026, at 11:30 a.m. through Video Conferencing (VC)/Other Audio-Visual Modes (OAVM).
  • The Record Date, Register of Members, and Share Transfer Book will remain closed from September 24, 2026, to September 30, 2026 (both days inclusive) for the AGM.
  • Appointed M/s. Abhishek Wagh & Associates, Practicing Company Secretary, as Scrutinizer for e-voting at the AGM.
  • Appointed NSDL/CDSL/Purva Sharegistry India Private Limited (RTA) for providing e-voting facility to shareholders.

2. Development/Mortgage/Disposal of Land (Annexure-1)

  • The Board approved a proposal for development and/or mortgage/disposal of company land located at Chhata, Chhata-Barsana Road, Mathura-281401, Uttar Pradesh.
  • This approval is subject to shareholder approval by way of a special resolution, pursuant to Section 180(1)(a) of the Companies Act, 2013 and Regulation 37A(1) of SEBI LODR Regulations.
  • The Board is exploring suitable buyers and developers for development of the land individually or jointly with a developer.
  • Financial impact not quantified in the disclosure. Further updates will be provided as material developments occur.

3. Alteration of Memorandum of Association (Annexure-2)

  • The Board approved alteration of the main object clause (III(A)) of the Memorandum of Association, subject to shareholder approval by special resolution under Section 13 of Companies Act, 2013.
  • New clauses 6, 7, and 8 were inserted after existing clause 5:
  • Clause 6: To carry on business in defense-related engineering products, systems, and components including rocket & missile systems, electronic warfare, battle tanks, naval systems, space research, drones, and counter-UAVs.
  • Clause 7: To carry on business in renewable energy including solar panels, batteries, energy storage systems, solar/wind/biomass/hydro/hybrid energy systems, nuclear plants, green building equipment, and carbon credit trading.
  • Clause 8: To provide mining, exploration, drilling, and consultancy services related to mining, minerals, and natural resources.

4. Director Appointments and Re-appointments (Annexure-3)

  • Mr. Advait Chaturvedi (DIN: 05003448): Re-appointed as Non-Executive Director (liable to retire by rotation), subject to shareholder approval at AGM on September 30, 2026. He is the son of Mr. Suresh Chaturvedi (Promoter Director) and brother of Mr. Ambuj Chaturvedi. He holds IDP-C (Certification in Corporate Governance) from INSEAD Singapore and project management training from SPJIMR, Mumbai.
  • Ms. Sonal Jitendra Waghela (DIN: 09495499): Re-appointed as Non-Executive Independent Director for a second term of five years from February 14, 2027, to February 13, 2032, subject to shareholder approval via special resolution. She holds a Bachelor of Commerce degree and has 23 years of accounting experience. No relationship with other directors.
  • Mr. Ambuj Chaturvedi (DIN: 05003458): Appointed as Managing Director for five years from August 29, 2026, to August 28, 2031, subject to shareholder approval via ordinary resolution. He is the son of Mr. Suresh Chaturvedi (Promoter Director) and brother of Mr. Advait Chaturvedi. He will not receive remuneration until the company generates profit, except for out-of-pocket expenses. He is responsible for strategic investments and developmental projects.