SVS Ventures AGM Notice and FY26 Annual Report

Annual General Meeting Details

• AGM Date: Wednesday, September 30, 2026 at 5:00 PM IST
• Mode: Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
• Record Date: September 23, 2026 for determining members entitled to vote
• Remote e-Voting Period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM) through NSDL
• Deemed Venue: Registered Office of the Company

Business to be Transacted at AGM

Ordinary Business:

1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors

2. Appointment of M/s. JM Patel & Bros, Chartered Accountants (FRN: 107707W) as Statutory Auditors for 5 years until conclusion of 16th AGM

• Remuneration: ₹3,00,000 for FY 2026-27 plus applicable taxes and out-of-pocket expenses

Special Business:

3. Regularization of appointment of Mr. Vishal Mahendrabhai Thekdi (DIN: 06434203) as Managing Director for 5 years effective November 20, 2025

4. Regularization of appointment of Mr. Vishnu Kumar Bhagvandas Prajapati (DIN: 11385273) as Director (Non-Executive Non-Independent) effective November 20, 2025

5. Appointment of A. Shubhangi & Associates, Company Secretaries as Secretarial Auditors for first term of 5 years from FY 2026-27 to FY 2030-2031

Financial Highlights (Standalone)

(₹ in lakh)

| Particulars | FY 2025-26 | FY 2024-25 |

| Revenue from Operations | 1,682.82 | Nil |

| Other Income | 50.47 | 8.81 |

| Total Revenue | 1,733.29 | 8.81 |

| Profit Before Tax | 142.06 | 9.81 |

| Current Tax | 40.00 | 2.25 |

| Profit After Tax | 102.06 | 7.56 |

| Paid-up Share Capital | 2,134.96 | 2,134.96 |

| Reserves and Surplus | 1,285.71 | 1,183.64 |

| Basic EPS (₹) | 0.48 | 0.04 |

Key Financial Position Details (as at March 31, 2026)

• Fixed Assets: ₹5.77 lakh (Tangible), ₹251.00 lakh (Intangible - Goodwill)
• Non-Current Investments: ₹855.06 lakh
• Inventories: ₹499.46 lakh
• Trade Receivables: ₹814.53 lakh
• Cash and Cash Equivalents: ₹0.40 lakh
• Short-Term Loans and Advances: ₹1,898.22 lakh
• Trade Payables: ₹854.76 lakh
• Short-Term Provisions: ₹50.84 lakh (mainly provision for income tax)

Board of Directors and Key Managerial Personnel

Current Directors:

• Mr. Vishal Mahendrabhai Thekdi - Managing Director (DIN: 06434203, appointed November 20, 2025)
• Mr. Vishnu Kumar Bhagvandas Prajapati - Additional Director (Non-Executive Non-Independent, DIN: 11385273, appointed November 20, 2025)
• Ms. Pushpa Joshi - Independent Director (DIN: 06838093, appointed May 5, 2026)
• Mr. Saurabh Pritam Das - Additional Director (Non-Executive Independent, DIN: 10790325, appointed September 2, 2026)

Resignations during FY 2025-26:

• Mr. Shashikant Vedprakash Sharma (Managing Director) - resigned November 19, 2025
• Mr. Sumitkumar Jayantibhai Patel (Independent Director) - resigned June 1, 2025
• Mr. Sunny Surendrakumar Sharma (Non-Executive Non-Independent Director) - resigned May 6, 2026
• Ms. Avni Chouhan (Independent Director) - resigned February 25, 2026
• Mr. Viral Patel (CFO) - resigned May 6, 2026
• Mr. Ronak Rathi (Company Secretary) - resigned July 18, 2025

Auditor Appointments and Reports

Statutory Auditors:

M/s. JM Patel & Bros, Chartered Accountants (FRN: 107707W) issued qualified opinion on financial statements citing:

• Unrecoverable investments and related party loans
• Business change from real estate to agro-based products
• Unverifiable stock records/WIP valuation
• No depreciation on IPO expense/Goodwill
• Audit trail feature not maintained in accounting software
• Transactions with group companies under same management
• GST classification issues on agro products

Secretarial Auditors:

M/s. B.S. Vyas and Associates issued clean secretarial audit report with observations on:

• Vacancy in Company Secretary position beyond 6 months
• Delay in statutory filings
• Lack of audit trail in accounting software
• Qualified opinion of statutory auditors
• Website information not fully updated

Business Operations and Changes

• Company originally incorporated as Hetarth Software Solutions Private Limited in 2015
• Successively changed names to EPL Life Science Private Limited and SVS Ventures Private Limited before converting to public company in June 2022
• Previously engaged in real estate development focused on residential and commercial projects in Ahmedabad
• Changed main business object from real estate to agro-based products during FY 2025-26 effective September 5, 2026
• Company got listed on BSE SME Platform during FY 2025-26

Corporate Governance and Compliance

• Company could not constitute requisite Board Committees due to lack of required number/composition of Directors
• No dividend recommended for FY 2025-26 to conserve resources
• ₹2,000 transferred to reserves during the year
• No material orders passed by regulators/courts impacting going concern status
• No deposits accepted from public
• Related party transactions disclosed amounting to ₹17.00 crore (purchases) and ₹3.15 crore (sales)
• Two permanent employees on rolls as of March 31, 2026
• Median employee remuneration: ₹20,633.33 per annum

Significant Events and Transactions

• Business takeover agreement with M/s Vijay & Co. in April 2022 for expansion of real estate activities
• Resignation of promoter Mr. Shashikant Vedprakash Sharma following SEBI enquiry
• Substantial transactions with related parties including loans, advances, purchases and sales
• Change in principal line of business from real estate to agro-based products
• Investment activities with various entities totaling ₹8.55 crore

Voting Arrangements

• Remote e-voting through NSDL from September 27-29, 2026
• e-Voting facility on AGM day for members who haven't voted remotely
• VC/OAVM participation available 15 minutes before and after scheduled time
• Facility available for 1000 members on first-come-first-served basis (exceptions for large shareholders, promoters, institutional investors, directors, KMPs, committee chairpersons, auditors)

Annexures Included

• Annexure A: Conservation of Energy, Technology Absorption and Foreign Exchange Earnings/Outgo
• Annexure B: Particulars of Employees
• Annexure C: Secretarial Audit Report and Certificate of Non-Disqualification of Directors
• Annexure D: Form AOC-2 (Related Party Transactions)
• Annexure E: Management Discussion and Analysis Report