Proceedings of 35th AGM: six resolutions passed, object clause altered

The 35th AGM was held on 30 September 2026 via video conference, 11:30 a.m. to 11:55 a.m.

Wed 30 Sep 2026

AGM Date

30 September 2026

Meeting Format

Video conference

Resolutions Passed

All 6 business items passed with requisite majority

New Managing Director

Mr. Ambuj Chaturvedi appointed

Strategic Focus Areas

Defence, Green Energy and Mining

What was shared

SVC Industries has submitted to BSE the proceedings of its 35th Annual General Meeting, held on Wednesday, 30 September 2026 at 11:30 a.m. through video conference, concluding at 11:55 a.m. Remote e-voting was open from 27 September 2026 to 29 September 2026.

Resolutions transacted and passed with requisite majority

• Adoption of audited financial statements for the financial year ended 31 March 2026, with Board and Auditors' reports (Ordinary)
• Re-appointment of Mr. Advait Chaturvedi, who retired by rotation (Ordinary)
• Approval for Development and/or Mortgage/Disposal of land of the Company under Section 180(1)(a) of the Companies Act, 2013 (Special)
• Alteration of the main object clause of the Memorandum of Association (Special)
• Re-appointment of Ms. Sonal Waghela as Non-Executive Independent Director for 5 (five) years with effect from 14 February 2027 (Special)
• Appointment of Mr. Ambuj Chaturvedi as Managing Director (Ordinary)

Management commentary

The Chairman handed the proceedings to Mr. Ambuj Chaturvedi, who briefed members on the initiative taken for agri trading in the domestic market and the Company's first ventures into international trade. Alongside its existing business, the Company is seeking opportunities and entering new businesses of Defence, Green Energy and Mining.

Why the object clause and land items matter

Altering the main object clause changes the range of activities the Company is formally permitted to carry out, which is consistent with the stated move into new lines of business. The Section 180(1)(a) approval gives the Board shareholder authority to develop, mortgage or dispose of the Company's land — a step companies take before monetising or building on property.

Process points

• No registered speakers were available to raise queries.
• E-voting at the AGM remained open for 15 minutes after the meeting concluded.
• The Chairman said results would be declared within 2 working days of the AGM, based on the scrutinizer's report, and displayed on the Company's website and that of the registrar, after intimation to BSE.
• Mr. Abhishek Wagh & Associates acted as scrutinizer; the statutory auditor also attended.

Directors present included Mr. Suresh Vithal Das Chaturvedi (Chairman), Mr. Advait Chaturvedi, Mr. Ambuj Chaturvedi, and Independent Directors Mr. Subhash Chandra Rastogi, Ms. Sonal Jitendra Waghela and Mr. Anoop Gupta, along with the CFO and Company Secretary.

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