SPV GLOBAL TRADING LIMITED

Acts as a holding company whose consolidated operations were driven almost entirely by its 54.90% stake in material subsidiary Rashtriya Metal Industries Limited (RMIL), which contributed 97.36% of consolidated turnover (Rs 885.95 crore) and 98.55% of consolidated net worth for FY25. On 12 March 2026 the company executed a Share Purchase Agreement to sell its entire 22,79,410 RMIL shares to Gravita India Limited, an unrelated third party, for approximately Rs 310.17 crore, and the subsidiary has been deconsolidated thereafter. Standalone revenue from operations had already collapsed to Rs 1,186.27 lakhs in FY26 from Rs 2,405.18 lakhs in FY25, and the standalone entity posted a loss of Rs 2,609.00 lakhs before exceptional items in FY26, with the headline standalone PAT of Rs 25,459.95 lakhs driven by a Rs 30,714.64 lakhs exceptional gain on the RMIL sale. At the consolidated level, FY26 revenue was Rs 98,890.17 lakhs, up 8.7% year-on-year, but operating profit before exceptional items fell to Rs 2,655.68 lakhs from Rs 3,824.13 lakhs. Materials were the largest cost line at 81.2% of consolidated revenue (Rs 802.92 crore in FY26), with employee cost at 3.5% and other opex at 10.7%.