We wish to inform you that the Extra Ordinary General Meeting of the Company held on Friday, 06th February 2026 at 12.30 P.M. to transact the business as listed in the Notice of the meeting. ....
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SPV Global Trading Limited held an Extra Ordinary General Meeting on Friday, 6 February 2026, from 12:30 p.m. to 1:30 p.m. at Andheri (E), Mumbai. The meeting was chaired by Managing Director Balkrishna Binani. The single key item transacted was a Special Resolution approving the sale of 22,79,410 equity shares, representing a 54.90% stake in Rashtriya Metal Industries Limited (a material subsidiary of the company), to prospective buyer(s) at a value to be negotiated. Remote e-voting was conducted through NSDL from 3 February to 5 February 2026, and Mrs. Priti Nikhil Jajodia was appointed as Scrutinizer. The voting results are awaited and will be announced within the permitted time after the Scrutinizer's Report is received.
This is a potential divestment of the company's holding in a material subsidiary, which could materially reshape the company's business profile and future earnings. Shareholders should watch for the voting outcome and the negotiated sale price, as it may influence the stock's valuation.