Shivansh Finserve AGM 2026: ₹81.32 Cr Share Swap

What shareholders are voting on

Shivansh Finserve Ltd (BSE: 539593) has scheduled its Annual General Meeting (AGM) for September 29, 2026, with a key proposal to acquire stakes in two private companies through a share swap. The AGM also follows a string of corporate updates filed with BSE, including a corrigendum to the AGM notice on shareholding classification, and resignations of the statutory auditor and a Whole Time Director.

The developments matter for shareholders because the acquisition proposal involves issuing a large number of new shares, which can materially change the company’s equity base. Separately, the corrigendum signals revisions to past shareholding pattern disclosures going back to 2017.

AGM date, book closure and dividend status

The company has notified book closure dates for the AGM. Equity shares will remain closed from September 23, 2026 to September 29, 2026 (both days inclusive). Shareholders holding equity shares during the closure period will be eligible to attend and vote at the AGM scheduled on September 29, 2026.

Shivansh Finserve also stated it has not declared any dividend for the financial year 2025-2026. The book closure intimation dated September 5, 2026 was signed by Hiren Kishor Patel, Director.

Board approval for acquisitions: SIPL and PMLPL

In the board meeting held on September 5, 2026, Shivansh Finserve approved acquisitions of StarTech Infralogistics Private Limited (SIPL) and Peepal Mining and Logistics Private Limited (PMLPL) via share swap. The company said the proposal would diversify business segments and also included increasing authorised share capital.

The company has scheduled the September 29, 2026 AGM to seek shareholder approval for acquiring 19.50% stakes in SIPL and PMLPL. The combined transaction value is ₹81.32 crore, and the board-approved structure is described as a non-cash consideration deal under Chapter V of the SEBI ICDR Regulations, 2018.

How the share-swap consideration is structured

Shivansh Finserve stated it will issue equity shares to the shareholders of SIPL and PMLPL to discharge the entire purchase value. The acquisition involves issuing 4,06,62,071 equity shares at an issue price of ₹20 per share (face value ₹10 plus premium of ₹10). This share issuance is also described as a preferential issue of up to 4.07 crore equity shares at ₹20 each.

Because the consideration is entirely in equity, shareholders will typically track the total number of new shares to understand dilution. The company’s disclosures frame the equity issuance as the mechanism to pay for the acquisition rather than cash outflow.

Corrigendum to AGM notice: promoter reclassification issue

On September 23, 2026, Shivansh Finserve issued a corrigendum to its AGM notice to correct the shareholding classification of individuals from promoter to public shareholder category. The company said this reclassification had been approved in 2017, and that the update addresses a BSE query regarding historical reclassification.

According to the disclosure, Shivansh Finserve will revise its shareholding patterns from June 2017 onwards to reflect reclassification of 1.03% of shares from promoter to public category. The company identified a discrepancy where the reclassification, though approved by BSE in 2017, was not updated in RTA records and subsequent filings.

Auditor and Whole Time Director resignations

Shivansh Finserve announced the resignation of its statutory auditor, H S K & Co LLP (also referenced as HSK & Co LLP), effective August 14, 2026. The stated reason was prior commitments or bandwidth constraints.

During the same board session held on August 14, 2026, Mr. Jignesh Sudhirbhai Shah stepped down from his role as Whole Time Director.

Q1FY27 results approved without figures

The company’s filing indicates that the board approved unaudited financial results for the quarter ended June 30, 2026 during the August 14, 2026 meeting. However, the disclosure stated that no specific financial figures were provided in that filing.

For investors, this means the existence of board approval is on record, but quarter-level performance details were not part of the disclosed summary.

FY26 financial snapshot: turnaround to profit

Shivansh Finserve reported a net profit of ₹0.4267 crore in FY26, turning profitable from a net loss of ₹0.1754 crore in FY25. Total revenue increased to ₹3.1274 crore in FY26 from ₹0.8172 crore in FY25. The company attributed improvement to higher revenue from operations, which rose to ₹2.6474 crore from ₹0.1049 crore.

Finance costs declined to ₹0.4018 crore from ₹0.5993 crore, which the company linked to the bottom-line turnaround.

Micro-cap context and market signals cited in updates

The company is described as a Non-Banking Financial Company (NBFC) focused on the micro-cap market, and was previously known as Aryan Builders Limited. As of June 2026, it was stated to have a market cap of ₹10 crore and reported no net profit at that time.

Separately, the stock has been referenced in updates mentioning technical strength and a 52-week high of ₹15.99, and also an investment rating downgrade from Hold to Sell as of September 18, 2026. Another data point in the provided information states the share price as ₹0, down ₹13.24 (-100.00%) from a previous close of ₹13.24.

Key dates and corporate action checkpoints

The sequence of filings and events places the acquisition vote, book closure, and corrigendum in a narrow window ahead of the AGM.

Why these disclosures matter

The proposed share swap for SIPL and PMLPL is large in relation to the company’s micro-cap positioning and introduces new business exposure through stake purchases. The corrigendum and the plan to revise shareholding patterns from 2017 onwards also point to heightened focus on disclosure accuracy following BSE queries.

The near-term focus for shareholders is the AGM outcome and any subsequent filings that confirm voting results, final share issuance, and updated shareholding pattern revisions.