Pursuant to the Regulation 30 of SEBO9LODR) regulation- Outcome of the Board meeting
Awaiting price reaction for this filing.
Shivom Investment & Consultancy Ltd held its Board Meeting on May 30, 2026, approving multiple resolutions. The company reported audited standalone financial results for FY 2025-26 with Total Income of Rs. 349.66 lakhs and Net Profit of Rs. 288.48 lakhs (down from Rs. 370.18 lakhs in previous year). However, the Statutory Auditor issued a DISCLAIMER of opinion citing: (1) pending equity restructuring under the IBC Resolution Plan, (2) surrender of NBFC license in August 2025, and (3) incomplete access to historical records during management transition. The Board also appointed new auditors (Patel Soni Shah & Co for statutory, Ronak Jhuthawat & Co for secretarial, Dhruvan Dalwadi & Co for internal), approved amendments to MOA/AOA to align with Companies Act 2013, and fixed the tenure of Mr. Ravi Dhirajlal Vagadiya as Managing Director for 5 years. Post CIRP, the company has exited NBFC business and plans to enter manufacturing of metal products (no revenue yet from new business). Trading in the company's shares remains suspended pending exchange approval.
The disclaimer audit qualification and trading suspension signal significant governance and financial uncertainty. The IBC Resolution Plan will result in near-complete dilution of existing shareholders (receiving only 1 share per 1,000 held), with the Resolution Applicant holding ~95% post-completion. Investors should exercise extreme caution given the disclaimer, pending capital restructuring, and unproven new business model.