We hereby submit the intimation for Notice of Extra Ordinary General Meeting of the Company scheduled to be held on Thursday, 23rd April 2026.
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SPV Global Trading Ltd has called an EGM on 23rd April 2026 to seek shareholder approval for two special resolutions. First, the appointment and remuneration of Mr. Balkrishna Binani as Managing Director for 3 years (₹13.5 lakh monthly salary plus perquisites up to 25%). Second, related party transactions for salary payments to three family members of the Director/Promoter group totaling ₹1.1 crore annually. The company has shown declining financial performance, with a loss of ₹2.93 lakh in FY2024-25 compared to profits of ₹64.36 lakh in FY2023-24 and ₹67.37 lakh in FY2022-23. Revenue also dropped significantly from ₹4,667 lakh to ₹2,406 lakh in the same period. E-voting will be available from 20th to 22nd April 2026.
Shareholders should carefully review the related party transactions worth ₹1.1 crore annually given the company's loss-making status. The Managing Director remuneration is proposed as minimum remuneration in absence of profits, which may face scrutiny. Both resolutions require special resolution approval (75% threshold).