SVS Ventures H1 FY27 Net Profit at ₹35.47 Lakh

Board Meeting Details

The Board of Directors meeting was held at the Registered Office of the Company (Block A, Office No. 1009, Mondeal Heights, Nr. Panchratna Partyplot, S. G. Highway, Ahmedabad, Gujarat, India, 380051) on 2nd November, 2026, commencing at 03:00 PM and concluding at 04:30 PM.

Key Quantitative Figures - Financial Results (Half Year Ended September 30, 2026)

Income Statement (₹ in Lakhs):

• Revenue from Operations: 2,614.61 (Unaudited) vs. 17.00 (Unaudited for H1 FY26) and 1,665.82 (Audited for FY26)
• Other Income: 0.00 vs. 50.47 (Audited FY26)
• Total Revenue: 2,614.61 vs. 1,716.29 (Audited FY26)
• Total Expenses: 2,566.69 vs. 1,576.42 (Audited FY26)
• Profit Before Tax: 47.92 vs. 139.87 (Audited FY26)
• Tax Expense: 12.45 (Current tax: 12.45, Deferred tax: 0.00) vs. 40.00 (Audited FY26)
• Profit for the Period: 35.47 vs. 99.87 (Audited FY26)

Earnings Per Share (EPS):

• Basic EPS: ₹0.17 vs. ₹0.47 (Audited FY26)
• Diluted EPS: ₹0.17 vs. ₹0.47 (Audited FY26)

Share Capital:

• Paid Up Equity Share Capital: ₹2,134.96 lakh
• Face Value per Equity Share: ₹10

Balance Sheet Highlights as at 30th September 2026 (₹ in Lakhs)

Equity and Liabilities:

• Shareholders' Funds: 3,456.14 (Share Capital: 2,134.96, Reserves and Surplus: 1,321.18)
• Current Liabilities: 2,796.25 (Trade Payables: 2,732.96, Short-Term Provisions: 63.29)
• Total Liabilities: 6,252.39

Assets:

• Non-Current Assets: 933.19 (Fixed Assets - Tangible: 7.13, Intangible: 251.00; Non-Current Investments: 675.06)
• Current Assets: 5,319.20 (Trade Receivables: 519.22, Cash and Cash Equivalents: 3.86, Short-Term Loans and Advances: 2,264.37, Other Current Assets: 3.86)
• Total Assets: 6,252.39

Cash Flow Statement for Half Year Ended September 30, 2026 (₹ in Lakhs)

• Cash Generated from Operations: (162.73)
• Net Cash from Operating Activities: (175.18)
• Net Cash from Investing Activities: 178.64
• Net Cash from Financing Activities: 0.00 (as per document notation)
• Net Increase in Cash and Cash Equivalents: 3.46
• Cash and Cash Equivalents at Beginning of Period: 0.40
• Cash and Cash Equivalents at End of Period: 3.86

Auditor's Limited Review Report

J. M. PATEL & BROS., Chartered Accountants (Firm Registration No.: 107707W), issued a qualified conclusion on the limited review of the unaudited half-yearly financial results. The report cites 16 matters in Annexure 1 requiring attention, including:

1. Accounting software and audit trail: Non-implementation of accounting software with non-disable audit trail as required under Section 128(5) of Companies Act, 2013.

2. Advances to suppliers and creditor balances: Lack of confirmations for material balances including NuraTrade Multibiz Limited (₹2,202.35 lakh) and Releak Agriventures Limited (₹363.09 lakh).

3. Outstanding income-tax dues: Income-tax payable/provision of ₹63.29 lakh requires reconciliation with assessments and payments.

4. Loans and advances to related parties: Short-term loans and advances of ₹2,264.37 lakh include balances with Narendrakumar G Patel HUF (₹976.49 lakh), Shashikant Sharma HUF (₹450.54 lakh), BNP HUF (₹343.42 lakh), and OTP Advisory LLP (₹211.18 lakh). Concerns regarding compliance with Sections 177, 185, 186, 188, and 189 of the Companies Act, 2013.

5. Inventory valuation: Inventory of ₹519.22 lakh requires physical verification and net realizable value assessment.

6. Investments in related parties: Investments of ₹675.06 lakh (Gopinath Developers ₹166.65 lakh, Sagar Empire ₹273.41 lakh, Shree Prabhuji Developers ₹35.00 lakh, Shree Prabhuji Infra ₹110.00 lakh, VRS Associates-Sarkhej ₹90.00 lakh) require recoverability and impairment assessment.

7. Goodwill accounting: Goodwill of ₹251.00 lakh lacks impairment assessment and clear amortization policy.

8. Nature of business activity: Shift from infrastructure projects (main object) to agro commodity trading requires evidence of authorization.

9. Journal entries: Journal entries involving Spazio Formulations Limited and Vijay & Company (approx. ₹239.02 lakh) require substantiation.

10. Trade receivables: Significant increase to ₹2,527.89 lakh from ₹814.53 lakh (Mar-26) requires confirmations and recoverability assessment.

11. Trade payables: Significant increase to ₹2,732.96 lakh from ₹854.76 lakh (Mar-26) requires confirmations and reconciliation.

12. GST reconciliation: Apparent difference of approx. ₹34.65 lakh between books and GSTR-3B for nil-rated sales in August 2026.

13. Bank transactions: High-value receipts and transfers involving related parties require explanation and mapping.

14. Statutory dues: Reconciliation required for GST, TDS, and other statutory liabilities.

15. Going concern: Assessment required given substantial short-term assets/liabilities and low cash balance.

16. Status of previous qualifications: Company required to furnish action taken on matters from previous auditor's report.

The auditor concluded that except for the possible effects of these matters, nothing has come to their attention causing belief that the Statement is not prepared in accordance with applicable Accounting Standards and Listing Regulations.

Notes to Financial Results

1. The unaudited results are published per Regulation 33 of SEBI LODR Regulations 2015 and approved by the Board on 02nd November, 2026. Prepared using Accounting Standards under Companies Act, 2013. Reviewed by Audit Committee.

2. The company is exempt from adopting IND AS as it is listed on an SME Exchange.

3. No investor complaints were received/pending as on September 30, 2026.

4. Previous period figures have been regrouped/reclassified where necessary.

5. Results will be filed with BSE Limited.

6. The company has one reportable business segment: Trading of Agro Commodity.

Financial Impact

Financial impact of the qualified review report matters is not quantified in the disclosure. The company must provide supporting evidence and make appropriate adjustments or disclosures.