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SVA India Ltd conducted a postal ballot through remote e-voting from April 6, 2025 to May 5, 2025. All six special resolutions were passed unanimously with 100% votes in favor. The resolutions included the appointment of Mr. Ajay Puranik and Mr. Sanjay Nandan Damani as Independent Directors, approval of related party transactions with a promoter group company (promoters abstained), and authorization for investments/loans, increased borrowing limits, and creating charges on company assets. Out of 500 shareholders on record, 16,86,280 votes (51.06% of outstanding 33,02,600 shares) were polled, with promoter group holding 23,36,290 shares and public non-institutions holding 9,66,310 shares.
Shareholders have approved two new independent directors and granted the board wider financial flexibility for borrowing, lending, and pledging assets, which could facilitate future fundraising or expansion. The related party transaction approval signals ongoing dealings with promoter group entities, which retail investors should monitor for related party disclosure quality.