Shiva Granito Export AGM 2026: Directors, Preferential Issue

Key developments at a glance

Shiva Granito Export Limited held its 11th Annual General Meeting (AGM) on September 30, 2026, in Udaipur, Rajasthan. The meeting agenda centred on corporate governance actions and the adoption of the company’s financial statements for the fiscal year ended March 31, 2026. Soon after these AGM updates, the company also disclosed that its board would meet on October 6, 2026, to consider a potential fund-raise through a preferential issue.

The sequence of events places governance decisions and capital-raising discussions close together on the calendar. For investors, such clustering typically increases focus on board processes, shareholder approvals, and the company’s stated rationale in upcoming notices.

AGM held in Udaipur on September 30, 2026

According to the disclosed information, the 11th AGM took place in Udaipur, Rajasthan, on September 30, 2026. The AGM is a key statutory forum where shareholders vote on core matters, including adoption of accounts and director-related resolutions.

In this case, the AGM primarily addressed two themes. First, members considered and adopted the financial statements for the year ended March 31, 2026. Second, shareholders approved resolutions connected to board composition, including the regularisation of appointments of two Non-Executive Independent Directors.

Adoption of FY26 financial statements

The AGM included the adoption of financial statements for the fiscal year ended March 31, 2026. While the announcement provided in the input does not disclose specific figures, the adoption itself indicates completion of the annual reporting cycle and shareholder acknowledgement of the audited accounts placed before the meeting.

Separately, company filings referenced “Audited Financial Results For The Year Ended On 31st March, 2026 Along With Audit Report Thereon” with a date of August 6, 2026, indicating the audited annual results and audit report had been finalised earlier and subsequently placed for shareholder adoption.

Independent director appointments regularised

The AGM resolutions included regularising the appointment of two Non-Executive Independent Directors. The terms approved by members were different in duration for each director:

• Mrs. Krati Maheshwari was appointed for a period of one year.
• Mrs. Rekha Panwar was appointed for a period of five years.

Such resolutions are typically aimed at aligning board appointments with governance requirements and ensuring clarity for shareholders on tenure.

Board meeting on October 6, 2026: preferential issue on agenda

Shiva Granito Export Ltd also indicated that its board would consider raising funds via preferential equity shares and warrants at a board meeting scheduled for October 6, 2026. The agenda includes:

• Preferential issue of equity shares.
• Issuance of warrants convertible into equity.
• Finalisation of the Extraordinary General Meeting (EGM) date and notice for member approval.

Because preferential issues and convertible warrants generally require shareholder approval, the company’s reference to setting an EGM date and issuing a notice is an important procedural step.

What the preferential issue proposal covers

Based on the provided disclosures, the proposal spans equity shares as well as warrants convertible into equity. A preferential issue is typically a targeted allotment to specific investors, rather than a broad public offer, and warrants are instruments that can convert into equity shares as per agreed terms.

The input does not provide details such as the size of the issue, pricing, identities of proposed allottees, or end-use of funds. Those specifics are generally set out in board outcomes and the subsequent EGM notice circulated to shareholders.

Regulatory and shareholder approval context

The information also references a past disclosure on preferential allotment of equity warrants under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the Companies Act, 2013 (as amended), subject to regulatory and statutory approvals. In the current October 6, 2026 board meeting context, the company has similarly indicated that member approval will be sought via an EGM.

For shareholders, this means the next concrete information points are the board meeting outcome on October 6 and the EGM notice, which should outline the structure of the proposed issuance.

Timeline of disclosed events

Why the governance and fund-raise steps matter

The AGM outcomes point to attention on compliance-driven items such as annual accounts and director appointments. The independent director tenures approved at the AGM provide clarity on board composition, which is often closely watched when companies plan capital-raising actions.

The planned board discussion on a preferential issue is material because it can lead to changes in share capital and potential dilution, depending on the final structure. However, at this stage, the disclosure is limited to the board meeting agenda and the next procedural step of seeking member approval through an EGM.

What to watch next

The next confirmed milestone is the board meeting on October 6, 2026. After that meeting, investors typically look for the board outcome filing and the EGM notice to understand the specifics of the proposed equity shares and warrants.

If an EGM is called, shareholders should expect the notice to outline the resolutions proposed for approval, along with the terms of the preferential issue as presented by the company.

Conclusion

Shiva Granito Export’s September 30, 2026 AGM in Udaipur completed key annual actions, including adoption of FY26 financial statements and approval of independent director appointments. The company’s next scheduled event is the October 6, 2026 board meeting to consider a preferential issue of equity shares and convertible warrants, with an EGM notice to be finalised for member approval.