Pursuant to the provisions of the SEBI (LODR) Regulations, 2015 we hereby submit the intimation for an Extra Ordinary General Meeting (EOGM), Book Closure and Fixation of cut-off date for ....
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SPV Global Trading has called an Extra-Ordinary General Meeting (EGM) on Friday, 06 February 2026 at 12:30 PM in Mumbai. The single item of special business is the sale of the company's entire 54.90% stake (22,79,410 equity shares) in its material subsidiary, Rashtriya Metal Industries Limited, to prospective buyer(s). The board has set a minimum floor price of INR 1,325 per share, implying a total deal value of about INR 302.02 crore, though the final price will be negotiated and may be subject to due diligence adjustments. Book closure runs from 31 January 2026 to 06 February 2026, with the e-voting cut-off date being 30 January 2026 and the remote e-voting window from 03 February to 05 February 2026. The board has targeted completion of the sale on or before 30 June 2026, and following the divestment the company will cease to exercise control over the subsidiary.
If approved, SPV Global will exit its material subsidiary and lose control over Rashtriya Metal Industries, which may materially shrink the company's consolidated operations and earnings base while unlocking roughly INR 302 crore in cash (subject to final negotiated price). The stock may react to the perceived value of the disposal versus current market expectations; shareholders with views on the deal price should vote in the e-voting window.