We hereby submit the intimation towards the Book Closure, e-voting schedules for the upcoming 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 EOGM on 23rd April 2026 to seek shareholder approval for two special resolutions. First, the company proposes to pay Managing Director Mr. Balkrishna Binani a monthly salary of ₹13.5 lakh plus perquisites (up to 25% of remuneration) for 3 years starting 13th March 2026, even if the company has no or inadequate profits. Second, the company seeks approval for related party transactions involving salary payments to three family members of the Director/Promoter: Anniruddha Das Binani (₹35 lakh), Shashi Binani (₹40 lakh), and Pragati Binani (₹35 lakh) for the one-year period. The financial data shows the company reported a loss of ₹2.19 lakh in FY 2024-25 compared to a profit of ₹48.03 lakh in FY 2023-24, with operating income declining from ₹4,667 lakh to ₹2,405 lakh.
Shareholders should carefully review these proposals. The company is paying executive remuneration even during a loss-making year, and the related party transactions involve significant salary payments to promoter family members totaling ₹1.1 crore annually, which warrants close scrutiny given the company's weakened financial position.