On April 30, 2025, S V Global Mill Limited informed the Bombay Stock Exchange (BSE) under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 that it has successfully concluded a postal ballot process to amend its Memorandum of Association (MOA). This amendment has been formally approved by shareholders through a Special Resolution.

Postal Ballot Process Overview

The company’s postal ballot process commenced at 10:00 AM on March 31, 2025, and concluded at 5:00 PM on April 29, 2025. Upon completion, the results, as well as the Scrutinizer's Report, were uploaded as per regulatory requirements. The resolution received the requisite majority approval, thereby enabling the company to formally proceed with the proposed amendments to its MOA.

Summary of the MOA Amendment (Annexure A)

The amendment was focused on realigning the company’s strategic objectives in light of its real estate holdings and future plans. According to the management, large parcels of land owned by the company were underutilised in terms of their commercial potential. Hence, to maximize intrinsic value and create interim revenue streams, the company proposed a shift in direction that now reflects in the updated MOA.

Key highlights of the amendment:

Purpose of the Change:

• The lands owned by S V Global Mill were not being commercially utilized to their full potential.

• The Board of Directors opined that by allowing temporary business activities, such as putting up temporary structures, they could increase the market value of these lands.

• These activities would also generate short-term revenue, benefitting shareholders and stakeholders.

Addition to Clause III, Part A – Main Objects:

A new item 5 was added to the existing clause III of the Memorandum of Association. The new object enables the company to:

• Engage in construction, real estate development, and property leasing/rentals.

• Develop or improve lands, buildings, and structures, including both permanent and temporary setups.

• Operate and manage:

  • Sports Complexes (indoor and outdoor)

  • Convention and Meeting Halls

  • Marriage and Lecture Halls

  • Auditoriums and Concert Halls

  • Dining Centres, Hotels, Restaurants

  • Event and Exhibition Spaces

• Offer services related to these venues, including:

  • Setup and decoration

  • Audio-visual arrangements

  • Staffing and manpower management

• Acquire or lease equipment, machinery, and human resources needed to run these businesses.

This update transforms the scope of S V Global Mill's business, allowing it to venture into a hybrid real estate-commercial leasing model with a focus on the events and hospitality sector.

Strategic Rationale

This strategic move aligns with S V Global Mill's need to unlock hidden value from its land assets, many of which were not being exploited to their commercial limits. By setting up temporary facilities that serve high-demand sectors such as events, sports, conventions, and hospitality, the company aims to:

• Enhance land valuation for future potential buyers or clients.

• Generate immediate revenue through leasing and rentals.

• Expand into new diversified business verticals without large-scale permanent infrastructure investment.

Such activities are also expected to improve stakeholder confidence, increase operational flexibility, and create a streamlined path for potential joint ventures or asset monetization in the future.

Regulatory Compliance

This amendment is fully compliant with the following SEBI regulations:

• Regulation 30 of the SEBI (LODR) Regulations, 2015, which mandates timely disclosure of material events.

• The scrutinizer’s report and necessary filings were completed and submitted in accordance with applicable laws.

• The approval via postal ballot and special resolution ensures shareholder transparency and democratic governance.

Conclusion

With this major change in its Memorandum of Association, S V Global Mill Limited has laid the foundation for a transformational business shift. By formally entering the sectors of construction, leasing, events, and hospitality, the company is leveraging its existing asset base to drive future growth and increase stakeholder value.

This amendment reflects a proactive approach by the company to monetize dormant assets while retaining strategic control over the nature and duration of such monetization. The move is likely to result in increased visibility, diversified income streams, and a stronger business profile for S V Global Mill Limited in the coming financial years.

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