Kindly find enclosed the AGM Notice and Annual report for FY 2025
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SVS Ventures Ltd has filed its 10th Annual Report for FY 2024-25 and notice for the AGM to be held on Monday, September 29, 2025 at 5:00 PM via video conferencing. Five resolutions are on the agenda: adoption of FY25 financials, re-appointment of Managing Director Mr. Shashikant Sharma (who retires by rotation), approval for related party transactions up to Rs. 50 crore cumulative (with parties including Vijay and Company LLP and VRS and Associates), approval to give loans/investments/guarantees up to Rs. 50 crore under Section 186 of the Companies Act, and a major amendment to the main objects clause of the Memorandum of Association. The amendment proposes shifting the company's primary business from real estate and infrastructure to trading in agricultural products, edible oils, and food commodities, plus investment and treasury activities in equity, derivatives and commodities. Notably, FY25 revenue from operations was zero and other income was just Rs. 8.81 lakhs, indicating very limited business activity. The Company Secretary, Mr. Ronak Rathi, resigned effective July 18, 2025.
The MOA amendment signals a significant strategic pivot away from real estate towards agri-trading and investment activities, which could reshape the company's business profile. Shareholders should note the zero operating revenue, the unusually large Rs. 50 crore authorization for related party transactions and Section 186 investments relative to the company's tiny current income, and the unresolved Company Secretary vacancy. These items warrant close attention before voting at the AGM.