<dhhead>BOARDS REPORT </dhhead>
To,
The Members
SPV GLOBAL TRADING LIMITED
Your Directors are pleased to present the Forty First Boards Report of the Company along with the audited standalone financial statements, for the Financial Year ended 31st March, 2026.
1. FINANCIAL RESULTS:
The Companys financial performance for the year under review along with previous years
figure is given hereunder:
(Rupees in lakhs)
| Particulars | 2025-26 |
2024-25 |
Standalone |
||
| Revenue from Operations | 1186.27 |
2,405.18 |
| Other Income | 96.69 |
0.32 |
| Total Revenue | 1282.96 |
2,405.50 |
| Profit/(Loss) before Tax | (995.16) |
(2.93) |
| Exceptional Items | 30714.64 |
- |
| Add/ (Less): Current Tax | 4257.26 |
- |
| Add/ (Less): Deferred Tax | 2.27 |
(0.74) |
| Liability/ Assets | ||
| Add/ (Less): Taxation of earlier years | - |
- |
| Profit/(Loss) After Tax | 25,459.95 |
(2.19) |
| Add: Other Comprehensive | (8.55) |
(0.14) |
| Income | ||
| Total Comprehensive Income for the Year | 25,451.41 |
(2.34) |
| Profit Attributable to Owner of The Company | - |
- |
| Profit Attributable to Non- Controlling Interests | - |
- |
2. FINANCIAL HIGHLIGHTS AND COMPANY AFFAIRS:
Your Company has earned total revenue of Rs. 1282.96 lakh in Financial Year 2025-26 as compared to Rs. 2405.50 lakh in Financial Year 2024-25. The Company has earned the net profit of Rs. 25,459.95 lakh in the current Financial Year as compared to the Net loss incurred of Rs. (2.19) lakh in the previous Financial Year.
3. STATE OF COMPANYS AFFAIRS:
During the year the Company carried on the business of trading in non-ferrous metals. The Company endeavors to combine market experience with hard work and dedication to provide clients the ability to make informed decisions. During the year under review there has been no change in the business of the Company. The Company sold 22,79,410 equity shares of Rs.10 each representing 54.90% stake in Rashtriya Metal Industries Limited, a material subsidiary, for a Purchase Consideration of INR 310.17 Crores (rounded off) (Indian Rupees Three Hundred Ten Crore and Seventeen Lakhs).
4. TRANSFERRED TO RESERVES:
The Board of Directors of the Company does not propose to transfer any amount to the
reserves for the Financial Year 2025-26.
5. DIVIDEND:
In order to preserve funds for future activities, the Board of Directors of your Company does
not recommend any dividend for the Financial Year 2025-26.
6. EXTRACT OF ANNUAL RETURN:
Pursuant to Section 134(3)(a) and Section 92(3) of the Act read with Companies (Management and Administration) Rules, 2014, the Annual Return for the financial year 2025-26 is available at http://www.spvglobal.in
7. SHARE CAPITAL:
During the year under review, the Company has not issued any shares with differential voting rights nor granted any stocks options or sweat equity. As on 31st March, 2026 none of the Directors of the Company holds instrument convertible into equity shares of the Company.
The details of Share capital of the Company are as under:
| Particulars | As of 31st March, 2026 |
As of 31st March, 2025 |
||
Number of |
Amount |
Number of |
Amount |
|
Shares |
(In Rs.) |
Shares |
(In Rs.) |
|
| Authorised Capital: | ||||
| Equity Shares of Rs. 10/- each | 20,00,000 |
2,00,00,000 |
20,00,000 |
2,00,00,000 |
| Issued Subscribed and | ||||
| Paid-Up Equity Share | ||||
| Capital Fully Paid-Up: | 19,60,000 |
1,96,00,000 |
19,60,000 |
1,96,00,000 |
| Equity Shares of Rs. 10/- each | ||||
During the financial year under review, the issued, subscribed and paid-up share capital of the Company as on March 31,2026, stood at stood at Rs. 1,96,00,000 (Rupees One Crore Ninety Six Lakh only) divided into 19,60,000 (Nineteen Lakh Sixty Thousand Only) equity shares of the face value of Rs. 10/- (Rupees Ten Only) each.
8. MEETINGS OF THE BOARD:
During the Financial Year 2025-26 there were 08 (Eight ) Board Meetings held by the Company on, 29th May 2025, 12th August 2025, 25th August 2025, 13th November, 2025, 08th January 2026, 09th February 2025,10th February,2026 and 12th March 2026.. The intervening gap between the meetings was as prescribed under the Companies Act, 2013.
Attendance of Directors at Board Meetings held during the Financial Year 2025-26:
| Sr. No. | Name of the Directors | Attendance at Board Meetings held during Financial Year 2025-26 |
| 1. | Mr. Balkrishna Binani | 08 |
| 2. | Mr. Navratan Damani | 08 |
| 3. | Mr. Suresh Mundra | 08 |
| 4. | Mrs. Sarladevi Damani | 08 |
| 5. | Ms. Bhumika Sidhpura | 08 |
9. DEPOSITS:
The details of deposits as covered under Chapter V of the Companies Act, 2013 are as under:
| (a) | Deposits accepted during the year | Nil |
| (b) | Remained unpaid or unclaimed as at the end of the year | Nil |
| (c) | Whether there has been any default in repayment of deposits or payment of interest thereon during the year and if so, number of such cases and the amount involved | Nil |
| (d) | The details of deposits which are not in compliance with the requirements of Chapter | Nil |
10. MANAGEMENT DISCUSSIONS & ANALYSIS (MDAR):
A detailed review of operations, performance and future outlook of your Company is given
separately under the head Management Discussion and Analysis Report as "Annexure A".
11. DIRECTORS RESPONSIBILITY STATEMENT:
Pursuant to provisions contained in Section 134(3)(c) & 134(5) of the Companies Act, 2013,
your Directors confirm that:
a. In the preparation of the annual financial statements, the applicable accounting standards had been followed along with proper explanation relating to material departures.
b. The directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the
assets of the company and for preventing and detecting fraud and other irregularities;
c. The Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for
safeguarding the assets of the company and for preventing and detecting fraud and other
irregularities;
d. The directors had prepared the annual financial statements on a going concern basis; e. The directors had laid internal financial controls to be followed by the Company and that such financial controls were adequate and were operating effectively. f. The directors had devised proper system to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.
12. DECLARATION BY INDEPENDENT DIRECTORS:
The Company has received declaration from all the Independent Directors confirming that they meet the criteria of independence as laid down under Section 149(6) of the Companies Act, 2013 and Regulation 16 (1) (b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
13. SEPARATE MEETING OF INDEPENDENT DIRECTORS
Pursuant to Schedule IV of the Companies Act, 2013 and the Rules made thereunder and Regulation 25(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, all the Independent Directors of the Company met on 10th March 2026, without the attendance of Non-Independent Directors and Members of the Management.
The Independent Directors reviewed performance of Non-Independent Directors, Chairman of the Company and the performance of the Board as a whole. The Independent Directors also discussed the quality, quantity and timeliness of flow of information between the Company management and the Board that is necessary for the Board to effectively and reasonably perform their duties. The feedback of the Meeting was shared with the Managing Director of the Company.
14. PERFORMANCE EVALUATION:
Pursuant to the Section 178 of the Companies Act, 2013 and Regulation of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, a separate exercise was carried out to evaluate the performance of individual Directors including the Chairman of the Board who were evaluated on parameters such as level of engagement and contribution and independence of judgment thereby safeguarding the interest of the Company. The performance evaluation of the Independent Directors was carried out by the entire Board, except the director being evaluated. The performance evaluation of the Chairman and the Non-Independent Directors was carried out by the Independent Directors. The board also carried out annual performance evaluation of the working of its Audit, Nomination and Remuneration as well as stakeholder relationship committee. The Directors expressed their satisfaction with the evaluation process.
15. DIRECTORS AND KEY MANAGERIAL PERSONNEL:
During the year under review, no changes has occurred in the composition of the Board of
Directors and Key Managerial Personnel of the Company.
In accordance with the provisions of Section 152 of the Companies Act 2013, and that of Articles of Association of the Company, Mr. Navratan Bhairuratan Damani (DIN: 00057401), Director of the Company retires by rotation at ensuing Annual General Meeting of the
Company and being eligible, has offered himself for re-appointment.
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16. CORPORATE GOVERNANCE:
The Company has paid up share capital of Rs.196 Lakh being less than Rs. 10 Crore and the net
worth of the Company at the end of the previous year 31st March, 2026 is Rs. 25887.76/- Lakh
Further In terms of Regulation 15(2)(a) of the SEBI (LODR) Regulations, 2015, where corporate governance provisions become applicable to a listed entity at a later date on account of the entity ceasing to meet the exemption criteria, such entity is required to ensure compliance within six months from such date. Since the Company ceased to satisfy the exemption criteria under Regulation 15(2)(a) of the SEBI (LODR) Regulations, 2015 as on March 31, 2026, the applicable corporate governance provisions are required to be complied with within six months from such date, i.e., on or before September 30, 2026. Accordingly, for the quarter ended June 30, 2026, the Company continues to be within the permitted transition period under Regulation 15(2)(a) and is not required to submit the Quarterly Corporate Governance Report under Regulation 27(2) of the SEBI (LODR) Regulations, 2015.
The Company shall ensure compliance with the applicable corporate governance provisions within six months from the date on which the Company ceased to satisfy the exemption criteria, i.e., on or before September 30, 2026.Further The Corporate Governance report is annexed a "ANNEXURE C"
17. AUDITORS & AUDITORS REPORT:
A. STATUTORY AUDITORS & STATUTORY AUDITORS REPORT:
M/s. S I G M A C & Co., Chartered Accountants, bearing (Firm Registration Number: 115351W) for a term of 5 years to hold office from the conclusion of this Annual General Meeting till the conclusion of Annual General Meeting to be held in the Financial Year 2029-30. Further, the Auditors have issued Audit Report for the Financial Year 2025-26 pursuant to provisions of Section 141(2) of the Companies Act, 2013, read with Companies (Audit and Auditors) Rules, 2014. The Notes on financial statement referred to in the Auditors Report are self-explanatory and do not call for any further comments. The Auditors Report does not contain any qualification, reservation, adverse remark or disclaimer. During the Financial year under
review no fraud has been reported by the Auditors to the Audit Committee or the Board.
B. SECRETARIAL AUDITORS AND AUDIT REPORT:
The Company had appointed M/s. Jajodia & Associates, Practicing Company Secretary, Mumbai (Certificate of Practice No. 19900) as Secretarial Auditor of the Company for the financial year 2025-26, in accordance with Section 204 of the Companies Act, 2013. The Secretarial Audit Report have been issued in Form MR-3 as required by Section 204 of the
Companies Act, 2013, and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 which is annexed as "Annexure B" and forms part of this Report.
The Secretarial Auditors Report does not contain any qualification, reservation, or adverse
remark.
C. INTERNAL AUDITORS:
During the Financial Year the Company has appointed M/s. C A S & Co., Chartered Accountant as Internal Auditors of the Company as per the provisions of Section 138 of Companies Act, 2013. The Report of Internal Auditor was yearly reviewed by Audit Committee.
18. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS BY THE COMPANY UNDER
SECTION 186:
The details of Loan, Guarantees and Investments made by the Company under the provisions
of Section 186 of the Companies Act, 2013 are provided in the notes to the Financial Statements.
19. SUBSIDIARY, JOINT VENTURE AND ASSOCIATE COMPANIES:
The Company does not have any subsidiaries, joint ventures, or associate companies. Hence, a separate section on the performance and financial position under the provisions of Section 129(3) of the Companies Act, 2013, is not applicable to the Company. The Company sold 22,79,410 equity shares representing 54.90% stake in Rashtriya Metal Industries Limited, a material subsidiary, for a Purchase Consideration of INR 310.17 Crores (rounded off} (Indian Rupees Three Hundred Ten Crore and Seventeen Lakhs) to Gravita India Limited.
The Companys policy on material subsidiary as approved by the Board is uploaded on the
Companys website i.e. www.spvglobal.in.
20. COMPLIANCE WITH SECRETARIAL STANDARDS:
The Board of Directors affirm that the Company has complied with the applicable Secretarial
Standards ("SS") issued by the Institute of Company Secretaries of India relating to the meetings of the Board and its committees as well as the general meetings (SS-1 and SS-2) respectively during the year under review.
21. RELATED PARTY TRANSACTION:
All contracts / arrangements / transactions entered by the Company during the Financial Year with related parties were in the ordinary course of business and on arms length basis. As provided under section 134(3)(h) of the Act and Rules made thereunder disclosure of particulars of material transactions with related parties entered into by the Company with related parties in the prescribed format annexed to this report as "Annexure D".
The details of the transaction with related parties are provided in the accompanying financial statements. The Policy on materiality of related party transactions and dealing with related party transactions as approved by the Board may be accessed on the Companys website at the link: www.spvglobal.in.
22. COMMITTEES OF THE BOARD:
Pursuant to the provision of Companies Act, 2013 and Listing Regulations the company has
constituted the following committee of the board:
A. Audit Committee;
B. Nomination & Remuneration Committee; C. Stakeholders Relationship Committee. D. Risk Management Committee.
Details of all the Committees along with their composition and meetings held during the year,
are provided as follows:
A. AUDIT COMMITTEE & ITS COMPOSITION:
Pursuant to provisions of Section 177 of the Companies Act, 2013 The Terms of Reference,
Composition and Meetings and Attendance is as below:
i. Terms of Reference/ Policy:
Apart from all the matters provided under Section 177 of the Companies Act, 2013, the Audit
Committee reviews reports of the internal auditor, meets statutory auditors as and when required and discusses their findings, suggestions, observations and other related matters. It
also reviews major accounting policies followed by the Company.
ii. Composition:
The composition of the Audit Committee is as follows:
| Sr. No. | Name of the Member | Category | Designation |
| 1. | Mr. Balkrishna Binani | Managing Director | Member |
| 3. | Ms. Bhumika Shah | Independent Director | Chairperson |
| 4. | Mr. Dhiren Ashok Bontra* | Independent Director | Member |
| * Mr. Dhiren Ashok Bontra resigned w.e.f 12th August, 2026 |
iii. Meetings and Attendance:
During the Financial Year 2025-26, 8 (Eight) Meetings were held on 29th May 2025, 12th August 2025, 25th August 2025, 13th November, 2025 08th January 2026, 09th February 2026, 10th February 2026 and12th March 2026.
| Sr. No. | Name of the Members | Designation | No. of Meeting |
| 1. | Mr. Balkrishna Binani | Member | 8 |
| 2. | Ms. Bhumika Shah | Chairperson | 8 |
| 3. | Mr. Dhiren Ashok Bontra | Member | 8 |
| * Mr. Dhiren Ashok Bontra resigned w.e.f 12th | August, 2026 |
B. NOMINATION AND REMUNERATION POLICY & ITS COMPOSITION:
Pursuant to Provisions of Section 178 of the Companies Act, 2013. The Terms of Reference,
Composition and Meetings and Attendance is as below:
i. Terms of Reference/Policy:
On recommendation of the Nomination and Remuneration Committee the Company has framed a policy as per Section 178 of the Companies Act, 2013 for selection and appointment of Directors, Senior Management and their remuneration.
ii. Composition:
The composition of the Nomination and Remuneration Committee is as follows:
| Sr. No. | Name of the Member | Category | Designation |
| 1. | Mr. Navratan Damani | Non-Executive Director | Chairman |
| 2. | Ms. Bhumika Sidhpura | Independent Director | Member |
| 3. | Mr. Dhiren Ashok Bontra* | Independent Director | Member |
| * Mr. Dhiren Ashok Bontra resigned w.e.f 12th | August, 2026 |
iii. Meetings and Attendance:
During the Financial Year 2025-26, 2 (Two) Meeting were held on 25th August 2026 and 10th
February 2026.
| Sr. No. | Name of the Members | Designation | No. of Meetings attended |
| 1. | Mr. Navratan Damani | Chairman | 2 |
| 2. | Ms. Bhumika Sidhpura | Member | 2 |
| 3. | Mr. Dhiren Ashok Bontra | Member | 2 |
C. STAKEHOLDER RELATIONSHIP COMMITTEE & ITS COMPOSITION:
Pursuant to Provisions of Section 178 of the Companies Act, 2013, The Terms of Reference,
Composition and Meetings and Attendance is as below:
i. Terms of Reference/Policy:
Apart from all the matters provided under Section 178 of the Companies Act, 2013, the Stakeholder Relationship Committee reviews the complaints received from the stakeholders of the Company as and when required and discusses their findings, suggestions, observations and other related matters.
ii. Composition:
The composition of the Stakeholder Relationship Committee is as follows:
| Sr. No. | Name of the Member | Category | Designation |
| 1. | Mr. Balkrishna Binani | Managing Director | Member |
| 2. | Ms. Bhumika Sidhpura | Independent Director | Member/Chairperson |
| 3. | Mr. Dhiren Ashok Bontra* | Independent Director | Member |
| * Mr. Dhiren Ashok Bontra resigned w.e.f 12th August, 2026 |
iii. Meetings and Attendance:
During the Financial Year 2025-26, 2 (Two) Meeting were held on 25th August 2026, and 10th February, 2026.
| Sr. No. | Name of the Members | Designation | No. of Meetings attended |
| 1. | Mr. Balkrishna Binani | Managing | 2 |
| 2. | Ms. Bhumika Sidhpura | Independent | 2 |
| 3. | Mr. Dhiren Ashok Bontra | Independent | 2 |
D. RISK MANAGEMENT COMMITTEES & ITS COMPOSITION (POLICY):
As per the provisions of the Companies Act, 2013 and as part of good corporate governance the Company has constituted the Risk Management Committee. The Committee has laid down the procedures to inform the Board about the risk assessment and minimization procedures and Board shall be responsible for framing, implementing and monitoring the risk management plan and policy for the Company.
The main objective of this policy is to ensure sustainable business growth with stability and promote a pro-active approach in reporting, evaluating and resolving risks associated with the business. In order to achieve the key objective, the policy establishes a structured and disciplined approach to Risk Management, in order to guide decisions on risk related issues. The Committee reviewed the risk trend, exposure and potential impact analysis carried out by the management.
i. Composition:
The composition of the Risk Management Committee is as follows:
| Sr. No. | Name of the Member | Category | Designation |
| 1. | Mr. Balkrishna Binani | Managing Director | Member |
| 2. | Ms. Bhumika Sidhpura | Director | Member/Chairperson |
| 3. | Mr. Dhiren Ashok Bontra* | Director | Member |
| * Mr. Dhiren Ashok Bontra resigned w.e.f 12th | August, 2026 |
ii. Meetings and Attendance:
During the year under review, one meeting of the Committee was held on 10th February
2026.
| Sr. No. | Name of the Members | Designation | No. of Meetings attended |
| 1. | Mr. Balkrishna Binani | Member | 1 |
| 2. | Ms. Bhumika Sidhpura | Chairperson | 1 |
| 3. | Mr. Dhiren Ashok Bontra | Member | 1 |
23. CORPORATE SOCIAL RESPONSIBILITY COMMITTEE:
The Company is not required to constitute a Corporate Social Responsibility Committee as it does not fall within purview of Section 135(1) of the Companies Act, 2013 and hence it is not required to formulate policy on corporate social responsibility.
24. PREVENTION OF INSIDER TRADING:
The Company has adopted a code of conduct for prevention of insider trading with a view to regulate trading in securities by the Directors and designated employees of the Company. The Code requires pre-clearance for dealing in the Companys shares and prohibits the purchase or sale of Company shares by the Directors and the designated employees while in possession of unpublished price sensitive information in relation to the Company and during the period when the Trading Window is closed. The Board is responsible for the implementation of the Code. All Directors and the designated employees have confirmed compliance with the Code.
25. PREVENTION SEXUAL HARASSMENT OF WOMEN FRAMEWORK:
The Company has in place Prevention of Sexual Harassment Policy in line with the requirements of The Prevention Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013. Internal Complaints Committee (ICC) has been set up to redress complaints received regarding sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered under this policy.
The following is a summary of sexual harassment complaints received and disposed of during
the year 2025-26: a) No. of complaints received: NIL b) No. of complaints disposed of: N.A.
26. DISCLOSURE RELATING TO REMUNERATION OF DIRECTORS, KEY MANAGERIAL PERSONNEL
AND PARTICULARS OF EMPLOYEES:
The percentage increase in remuneration, ratio of remuneration of each director and key managerial personnel (KMP) (as required under the Companies Act, 2013) to the median of employees remuneration, and the list of employees in terms of remuneration drawn, as required under Section 197(12) of the Companies Act, 2013, read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is provided as "Annexure E" to this Report.
27. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS:
During the year under review there are no significant material orders passed by the Regulators/Courts which would impact the going concern status of the Company and its future operations.
28. MATERIAL CHANGES:
During the review period, SPV Global Trading Limited (Company) entered into a Binding Term Sheet with Gravita India Limited for sale of 22,79,410 equity shares representing 54.90% stake in Rashtriya Metal Industrie s Limited, a material subsidiary, for a Purchase Consideration of ~ INR 310.17 Crores (rounded off) (Indian Rupees Three Hundred Ten Crore and Seventeen Lakhs )
29. INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY:
The Act introduced regulations with focus on control and compliance requirements, in light of which, the Company has laid down internal financial controls across various processes prevalent in the organization. These controls have been established at the entity as well as process level and are designed to ensure compliance to internal control requirements, regulatory compliance and enable appropriate recording of financial and operational information. The Company has reviewed the effectiveness of its internal financial controls by adopting a systematic approach to assess the design and its operating effectiveness.
During the financial year 2025-2026, such controls were tested and no reportable material
weakness in the design or operation was observed. The Company follows all the applicable
Accounting Standards for properly maintaining the books of accounts and reporting financial
statements.
30. VIGIL MECHANISM / WHISTLE BLOWER POLICY:
In order to ensure that the activities of the Company and its employees are conducted in a fair and transparent manner by adoption of highest standards of professionalism, honesty, integrity and ethical behavior of the company has adopted a vigil mechanism policy. This
Policy can be viewed on the Companys website. i.e. www.spvglobal.in.
31. ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS
AND OUTGO:
The particulars as required under the provisions of Section 134(3) (m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014 in respect of conservation of energy, technology absorption, foreign exchange earnings and outgo etc. are as mentioned below.
32. DISCLOSURES WITH RESPECT TO DEMAT SUSPENSE ACCOUNT/UNCLAIMED SUSPENSE
ACCOUNT:
The Company does not have any equity shares lying in the Demat suspense account/unclaimed suspense account of the Company as on 31st March 2026. Hence disclosures required under Part F of Schedule V of the Listing Regulations is not applicable.
33. MD/ CFO CERTIFICATION:
The MD/CFO have issued certificate pursuant to the provisions of Regulation 17(8) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 certifying that the financial statements do not contain any materially untrue statement and these statements represents a true and fair view of the Companys affairs. The said certificate is annexed and forms part of the Annual Report as "Annexure-F".
34. THE DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE
INSOLVENCY AND BANKRUPTCY CODE, 2016 (31 OF 2016):
During the period under review there are no such application made or no such proceeding
pending under the Insolvency and Bankruptcy Code, 2016.
35. ACKNOWLEDGEMENT:
Your Directors take this opportunity to express their grateful appreciation for the excellent assistance and co-operation received from all our Clients, Financial Institutions, Bankers, Business Associates and the Government and other regulatory authorities and thanks all stakeholders for their valuable sustained support and encouragement towards the conduct of the proficient operation of the Company. Your Directors would like to place on record their gratitude to all the employees who have continued their support during the year.
| Date | 12th August, 2026 | For and on behalf of the Board | |
| Place | Mumbai | ||
| Regd. | 28/30, Anant Wadi | Sd/- | Sd/- |
| Office | Bhuleshwar Mumbai- | Balkrishna Binani | Navratan |
| 400002 | Managing Director | Bhairuratan Damani | |
| DIN: 00175080 | Director | ||
| DIN:00057401 | |||
| Tel No. | +91-22-014001 | ||
| Fax | +91-22-014003 | ||
| CIN | L27100MH1985PLC035268 | ||
| Website | www.spvglobal.in | ||
| E-mail id | spvglobaltrading@gmail.com |
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