Key Quantitative Figures

  • Revenue: ₹312.74 lakhs (FY25: ₹81.72 lakhs)
  • Profit Before Tax: ₹57.04 lakhs (FY25: loss of ₹17.85 lakhs)
  • Net Profit: ₹42.67 lakhs (FY25: loss of ₹17.54 lakhs)
  • Earnings Per Share: ₹0.68 (FY25: loss of ₹0.28)
  • Authorized Capital: ₹10.25 crore (proposed to increase to ₹50.00 crore)
  • Paid-up Capital: ₹6.24 crore
  • Total Assets: ₹1,796.13 lakhs
  • Total Liabilities: ₹1,105.28 lakhs

Acquisition Details

Startech Infralogistics Private Limited Acquisition:

  • Acquisition of 11,18,149 equity shares (19.50% stake)
  • Purchase consideration: ₹42,48,96,620
  • Price per share: ₹380
  • Payment method: Share swap issuance of 2,12,44,831 equity shares of Shivansh at ₹20 per share

Peepal Mining and Logistics Private Limited Acquisition:

  • Acquisition of 10,21,960 equity shares (19.50% stake)
  • Purchase consideration: ₹38,83,44,800
  • Price per share: ₹380
  • Payment method: Share swap issuance of 1,94,17,240 equity shares of Shivansh at ₹20 per share

Preferential Allotment

  • Total shares to be issued: 4,06,62,071 equity shares
  • Issue price: ₹20 per share (face value ₹10 + premium ₹10)
  • Allottees: 9 entities (shareholders of SIPL and PMLPL)
  • Lock-in period: As per SEBI ICDR Regulations

Board and Management Changes

Resignations:

  • Mr. Jignesh Shah (Whole-Time Director and CFO) - resigned 14th August 2026
  • Mr. Nehalkumar Navin Chandra Shah (Independent Director) - resigned 14th November 2025
  • Ms. Pina Shah (Independent Director) - resigned 14th November 2025

Appointments:

  • Mrs. Pratikshaben Umang Shah (Independent Director) - appointed 2nd August 2025
  • Mr. Rajesh Fojaji Karwasara (Executive Director) - appointed 21st August 2025
  • Mr. Hiren Kishor Patel (Executive Director) - appointed 2nd September 2025 (proposed as Whole-Time Director)
  • Mr. Siddharth Parshottam Gajra (Independent Director) - appointed 14th November 2025
  • Mrs. Krati Garg (Independent Director) - appointed 14th November 2025

Auditor Changes

  • Resignation: M/s. H S K & Co LLP (statutory auditors) resigned 14th August 2026
  • Appointment: M/s. Suvarna & Katdare Chartered Accountants appointed as statutory auditors from 3rd September 2026
  • Secretarial Auditor: M/s. Ramesh Chandra Bagdi & Associates appointed for 5 years (FY2025-26 to 2029-30)

Other Significant Resolutions

1. Increase in Authorized Share Capital: From ₹10.25 crore to ₹50.00 crore

2. Shifting of Registered Office: From Gujarat to Maharashtra, Mumbai

3. Approval under Section 185: For loans/guarantees up to ₹100 crore to entities where directors are interested

4. Approval under Section 186: For investments/loans/guarantees up to ₹100 crore exceeding prescribed limits

Financial Impact

  • The acquisitions will make SIPL and PMLPL associate companies of Shivansh Finserve
  • Post-preferential issue shareholding pattern will change significantly with non-promoter corporate holding increasing to 81.38%
  • No dividend declared due to accumulated losses

Dates and Venue

  • AGM Date: Tuesday, 29th September 2026 at 3:00 PM
  • Venue: Registered Office at Office No. 37, Cabin 01, 4th Floor, Shri Krishna Centre, Near Passport Office, Mithakhali, Navrangpura, Ahmedabad
  • Record Date: 22nd September 2026
  • E-voting Period: 26th September 2026 (9:00 AM) to 28th September 2026 (5:00 PM)