SVS Ventures Ltd — Results, 27-05-2025: Result

Date: 27th May, 2025

To,

BSE Limited,

P.J. Towers, Dalal Street, Mumbai 400001

Scrip Code – 543745

Dear Sir/Madam,

Sub.: Outcome of Board Meeting

Ref.: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir / Madam,

In continuation to our earlier intimation dated May 22, 2025, we wish to inform that the board of directors

(“Board”) of the Company at their meeting held today i.e. May 23, 2025, inter-alia, transacted following

businesses:

Financial Results

Approved the audited standalone financial results of the Company for half year & financial year ended March

31, 2025 (“Financial Results”), based on the recommendation of Audit Committee.

M/s. J M Patel & Bros, Chartered Accountants, Statutory Auditors (Firm Registration No. 107707W) of

the Company have issued auditor's report on audit of Financial Results for the financial year ended March 31,

2025 with unmodified opinion. Financial Results together with auditor’s report issued by statutory auditors

of the Company are enclosed as Annexure - A.

A declaration on auditor's report with unmodified opinion pursuant to the regulation 33(3)(d) of the SEBI

(Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) is enclosed as

Annexure B

The Board meeting commenced at 03:30 pm (IST) and concluded at 03:35 pm (IST). Kindly take the same on

record.

For, SVS Ventures Limited

Shashikant Sharma

Managing Director & CEO

DIN: 06628349

SVS VE TURES LIMITED

Registered Office: A-1009 Mondeal Hights,

Nr. Panchratna Party Plot. S.G. Highway,

Ahmedabad -380051 (Guj.) India.

CIN Number :U70100GJ2015PLC08545 GST 24AADCH7878K1Z1

Phone: 079-40397191

Email: md@svsventures.co.in Website: www.svsventures.co.in

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CA-

IND IA

J. M. PATEL & BROS.

Chartered Accountants

E-mail : jmpatelca@yahoo.co.in

204, Harsh Avenue,

Navjivan Press Road,

Nr. Old High Court Crossing,

AHMEDABAD-380 014.

Phone : (079) 27541460

Ref. No.: Date:

Independent Auditor's Report (unmodified opinion) on Audited Half Yearly Financial Results and year to

date of the SVS VENTURES LIMITED pursuant to Regulation 33 of the SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015, as amended

To

The Board Of Directors Of

SVS VENTURES LIMITED

(CIN : U70100GJ2015PLC085454) •

Report on the audit of Financial Results

Opinion

We have audited the accompanying half yearly Financial Results of SVS VENTURES LIMITED ("the

Company"), for the half year ended March 31, 2025 and year to date results for the period from April 1,

2024 to March 31, 2025 attached herewith, being submitted by the Company pursuant to the

requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015, as amended ("the Listing Regulations").

In our opinion and the best of our information and according to the explanations given to us these

financial results:

a) Are presented in accordance with requirements of regulation 33 of the listing

regulations in this regard; and

b) Give a true and fair view inconformity with the recognition and measurement principles

laid down in the applicable accounting standards and other accounting principles

generally accepted in India of the net profit/loss and other financial information for the

half year ended March 31, 2025 as well as the year to date results for the period from

April 1, 2024 to March 31, 2025 subject to

non-payment of previous year income tax dues of =H0.84Lacs including

Rs.8.59Iacs earlier year.

Debtors outstanding from the opening balance amount to ~69.2llacs,

primarily comprising old transactions. These amounts have been outstanding

for a significant period.

The Company has reported short-term loans totalling H,672.71 lakhs under

'current Loans,' out of which loan totalling H,268.38 lakhs given to nine

related parties. However, the Company has not adhered to the provisions of

Sections 177, 185, 186, 188, and 189 of the Companies Act, 2013.

Additionally, said sum of H268.38 lakhs was provided to

2 related parties, sourced from the Issue proceeds in FY 2022-23."

The company has not started projects hence no operating income the

construction material treated as work in progress stock since inception and

increase the value by adding current year exps. The opening WIP stock of was

Rs.3.41 crores which increased to Rs.3.81crores as year-end, hence value

increase by Rs.40.50Iacs. Therefore, financial result inflated to that extend by

J.V. There were no physical verification report also.

ANNEXURE A

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Basis of opinion

We conducted our audit in accordance with the Standards on Auditing (SA's) specified undersection

143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further

described In the Auditor's Responsibilities for the Audit of the Financial Results section of our report. We

are Independent of the Company in accordance with the Code of Ethics issued by the Institute of

Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the

financial results under the provisions of the Companies Act, 2013 and the Rules thereunder, and we

have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of

ethics. We believe that the audit evidence we have obtained Is sufficient and appropriate to provide a

basis for our opinion.

Management's Responsibilities for the Financial Results

These half yearly financial results as well as the year to date financial results have been prepared on the

basis of the interim financial statements. The Company's Board of Directors are· responsible for the

preparation of these financial results that give a true and fair view of the net profit/loss and other

comprehensive income and other financial information in accordance with the accounting principles

generally accepted in India including Accounting Standard prescribed under Section 133 of the

Companies Act, 2013 , read with relevant rules issued thereunder and other accounting principles

generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This

responsibility also includes maintenance of adequate accounting records In accordance with the

provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting

frauds and other irregularities; selection and application of appropriate accounting policies; making

judgments and estimates that are reasonable and prudent; and design, implementation and

maintenance of adequate internal financial controls that were operating effectively for ensuring the

accuracy and completeness of the accounting records, relevant to the preparation and presentation of the

standalone financial results that give a true and fair view and are free from material misstatement,

whether due to fraud or error.

In preparing the standalone financial results, the Board of Directors are responsible for assessing the

Company's ability to continue as a going concern, disclosing, as applicable, matters related to going

concern and using the going concern basis of accounting unless the Board of Directors either intends to

liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Financial Results

Our objectives are to obtain reasonable assurance about whether the financial results as a whole are

free from material misstatement, whether due to fraud or error, and to issue an auditor's report that

includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an

audit conducted in accordance with SAs will always detect a material misstatement when It exists.

Misstatements can arise from fraud or error and are considered material if, individually or in the

aggregate, they could reasonably be expected to influence the economic decisions of users taken on the

basis of these standalone financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional

skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the financial results, whether due to

fraud or error, design and perform audit procedures responsive to those risks, and obtain audit

evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not

detecting a material misstatement resulting from fraud is higher than for one resulting from

error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the

override of internal control.

Obtain an understanding of internal control relevant to the audit in order to design audit

procedures that are appropriate in the circumstances, but not for the purpose of expressing an

opinion on the effectiveness of the company's internal control.

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Evaluate the appropriateness of accounting policies used and the reasonableness of accounting

estimates and related disclosures made by the Board of Directors.

Conclude on the appropriateness of the Board of Directors' use of the going concern basis of

accounting and, based on the audit evidence obtained, whether a material uncertainty exists

related to events or conditions that may cast significant doubt on the Company's ability to

continue as a going concern. If we conclude that a material uncertainty exists, we are required to

draw attention in our auditor's report to the related disclosures in the financial results or, if such

disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence

obtained up to the date of our auditor's report. However, future events or conditions may cause

the Company to cease to continue as a going concern.

Evaluate the overall presentation, structure, and content of the standalone financial results,

including the disclosures, and whether the financial results represent the underlying

transactions and events in a manner that achieves fair presentation.

Based on our audit, nothing has come to our attention except the matters described in

"Annexure -1" separately annexed to this report which needs attention, that causes us to

believe that the accompanying Financial Results, prepared in accordance with the recognition and

measurement principles laid down in the aforesaid Accounting Standard and other

accounting principles generally accepted in India, has not disclosed the information required to be

disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015, as amended, including the manner in which it is to be

disclosed, or that it contains any material misstatement.

we communicate with those charged with governance regarding, among other matters, the

planned scope and timing of the audit and significant audit findings, including any significant

deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant

ethical requirements regarding independence, and to communicate with them all relationships and other

matters that may reasonably be thought co bear on our independence, and where applicable, related

safeguards.

For J. M. PATEL & BROS.

Chartered Accountants

Firm Registration No. 107707W

CA J. M. PATEL

Proprietor

Membership No. 030161

UDIN: 25030161BMIBSG3863

Place : Ahmedabad

Date : May 27, 2025

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Annexure -1 to the financial results for the half year ended on March 31, 2025.

(Pursuant to the regulation 33 of the SEBI (Listing obligation and disclosure requirement) regulations)

2015 to the board of directors of SVS VENTURES LIMITED.

1. The Company has failed to comply with the mandatory requirements of Section 128(5) of the

Companies Act, 2013, and the Proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014.

Specifically, the Company has not implemented accounting software capable of maintaining a non-

disable audit trail, including a comprehensive edit log with date and time stamps for all modifications

to the books of account. Consequently, we are unable to assess the reliability and accuracy of the audit

trail.

2. • Advances amounting to ~25.79 lakhs given to suppliers are subject to confirmation. Hence, we are

unable to determine whether any adjustments are necessary and their potential impact on the financial

statements. The creditor ledgers shown Rs. 41.98Iacs outstanding from opening balance.

3. As of the financial year 2023-24, the Company's books of accounts reflect an outstanding income tax

provision of ~5.55 lakhs & for FY 2022-23 Rs. 33.11 lakhs.

4. The Company has reported short-term loans totalling H,621.71 lakhs under 'current Loans,' out

of which loan totalling H,621.71 lakhs given to nine related parties. However, the Company has

not adhered to the provisions of Sections 177, 185, 186, 188, and 189 of the Companies Act,

2013.

5. The company has not started projects hence no operating income the construction material treated as

work in progress stock since inception and increase the value by adding current year exps. The

opening WIP stock of was Rs.3.41 crores which increased to Rs.3.81crores as year-end, hence value

increase by Rs.40.50Iacs. Therefore, financial result inflated to that extend by J.V. There was no

physical verification report also.

6. The investment of Rs.933.40 lacs were made with 3 related parties in FY 2022-23 out of fund

received from public issued but till date no any income or recovery or progress. Hence, we are unable

to justify whether said investment are genuine or not? The company has no policy to written off

goodwill which was created before pre public issue.

7. The main object of the company is infrastructure project but there were no such activities hence no

operative income instead there were share trading activity as other object.

8. There were J.V. entries for Rs. 239.02 lacs credit from Spazio Formulation Ltd. (loan) and debit to

Vijay & company (related party).

9. The investment Rs. 933.40Iakhs was made to three related parties in FY 2022-23 and out of fund

received from public issued, but till date no any income or recovery or progress. Hence we are unable

to justify whether genuine or not. The company has no policy to written of goodwill which was

created before pre-issue.

For J. M. PATEL & BROS.

Chartered Accountants

Firm Registration No. 107707W

CA J. M. PATEL

Proprietor

Membership No. 030161

UDIN: 25030161BMIBSG3863

Place : Ahmedabad

Date : May 27, 2025

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4

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SVS VENTURES LIMITED. CIN:U70100GJ2015PLC085454

A-1009, MONOEAL HEIGHTS, NR. NOVOTll HOTE.L, S G HIGHWAY.AHM£0ABAO

BALANCE SHEET AS AT 31st MARCH 2025

Year Ended

31.03.2025 31.03.2024 Pal'tieulars

(Audited) (Audited)

Rs. (In Lacs) Rs. (ln·Lacsl

EQUITY AND LIABILITIES

Shareholders Funds

(a) Share Capital 2,134.96 2,134.96 (b) Reserves and Surplus 1,183.64 1,178.S7

(c) Money Received Agamst Share Warrents . .

Total Shareholders funds 3,318.61 3,313.53

Non-Current Liabilities

(a) Long-Term Borrowings . (b) Deferred

Tax Liabilities (Net) .

(c) Other Long Term Liabilities -

(d) Long-Term Provisions . .

Total Non Current Uabilites --

Current liabilities

(a) Short-Term Bo<rowings 0.25 0.85

(bl Trade Payatlles

i) Total Outstanding dues of micro enterprise and small 18.63 129.96

1i) Total Outstanding dues of creditors other than micro enterprise and small enterprise

(c) Other Current liabilities 0.58 7.65 (d) Short•Term Provisions

10.84 8.59

Total Current Liabilities 30.30 147.05 TOTAL>>>>>

3,348.91 3,460.58

ASSETS

Non.Current Assets

(a) Fixed Assets (i) Tangible Assets

7.34 11.25 {ii) Intangible Assets

251.00 251.00 (iii) Capital Work-ln-P regress

(iv) Intangible Assets under Development

(bl Non-Current Investments 933.40 843.40 (c)

Deferred Tax Assets ( Net) (d)

Long-Term Loans and Advances .

(e) Other Non.Current Assets

Total Non Current Assets 1,191.74 1,105.65

Current Assets (a)

Current Investments

(bl Inventories 381.02 340.52

(cl Trade Receivables 87.36 178.69 {d)

Cash and Cash Equivalents 29.17 15.29 (e)

Short-Term Loans and Advances 1,659.52 1,804.41 {f)

Other Current Assets 0.09 16.02

Total Current Assets 2,157.17 2,354.93

TOTAL>>>>> 3,348.91 3,460.58

See accompanying notes forming part of the financial Statements ·--..

,,1::~ -"·,

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For, SYS J~RES UMITEO \

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~----

SUNNY SHARMA -IKANT SHARMA -

Director OIN-94S0894 Managing Oirector

DIN ·06628349

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SVS VENTIJR~ LIMITED. CIN:U70100GJ2015PLC085454

A-1009, MONDEAL HEIGHTS; NR. NOVOTEL HOTEL. S G HIGHWAY,AHMEDABAD

FINANCIAL RESULTS FOR THE HALF YEAR ENDED 31st March. 2025

6 Months Ended

31.03-202$ 30.09.2024 31.03.2024 (Audited) (Unaudited) (Audited)

Particu~rs

Rs. (In Lacs) Rs: (In Lacs) Rs. Un Lacs)

I. Revenue from Operations ·23.78 31.42 21.90

II Other Income 0.17 0.99 6.00

Total Revenue (I+ II) (23.60) 32.41 27.90

Ill. Expenses: Purchases of material 1.08 1.79 1.67

Changes in Inventories --40.50 0.00 -12.07 Employee Benefits Expenses 6.74 9.62 3.51

Finance Costs 0.00 0.00 0.05 Depreciation and Amortization expense 1.57 2.43 3.66

Other Expenses 6.45 9.83 21.80

Total Expenses (24.661 23.66 18.62

IV. Profit before exceptional and extraordinary items and tax (Ill-IV) 1.06 8.75 9.28

V. Exceptional Items . Prior Period Expenses

VI. Profit llt!fore Extraordinary Items and Tax (V -VI) 1.06 8.75 9.28

VIII. Extraordinary Items

IX. Profit before tax (VII-VIII) 1.06 8.75 9.28

X Tax expense: (1) Current tax . 2.25

(2) Deferred tax

XI Profit (loss) for the period from continuing operations (VII VIII)

t.OG G.!'.iO 9.28

XII Profrt/(loss) from discontinuing operations

XIII Tax e.,cpense of discontinuing operations

X.IV Profit/(loss) from Discontinuing operations (after tax) (XII· XIII)

xv Profit (Loss) for the period (XI+ XIV) 1.06 6.50 9.28

XVI BAlANCE BROUGHT FROM PREVIOUS YEAR

>Ml BALANCE CARRIED TO BAlA."!CE SHEET 1.06 6.50 9.28

XVIII Details of equity Share Capital 4 Paid Up Equity Share Capital 2134.96 2134.% 2134.96

Face Value of equity share Capital 10 10 10

XVIII Earnings per equity share: (1) Basic 0.00 0.03 0.04

(2) DIiuted 0.00 0.03 0.04

Notrs:•

Year Ended

For the Period For the Period Ended 31st Ended 31st

March2025 Marth2024 Audited Audited

Rs. (In Lacs) Rs. (In Lacs)

7.64 143.23

1.16 6.00

8.81 149.23

2.87 91.68 -40.50 0.53

16.35 7.93 0.00 0.91

4.00 6.22 16.28 33.62

{1.00) 140.90

9.81 8.33

9.81 8.33

9.81 8.33

2.25

7.56 8.33

7.56 8.33

7.56 8.33

2134.96 2134.96 10 10

0.04 0.04 0.04 0.04

I. The .abu,·c Auc.Ji1i:J Financfol Rcsulls h:m.: bl'Cll rc\·icwcd by the Audit Commiuc,,:: and :ippron.-d by the Boord of D1rec1ors of the Company at their n.'!t-pccli\·1

2. l11c Statutory Auditors of the Com~ny han: c~u.:d our the Statutory Audi1 of1hc abo\·c financial results of the Company and hav~ cxprl.!.Sscd .in u11111othficc

3. There arc no investor complaints n."'CCl\"Cd/pcnding us on March 31. 202S

4. Prc.•\'ious yi:ar'sl period figures ha\"c been regrouped/ n."'dnssifo.'tlf restated. whcrc\"cr ncccs-.:iry lo conlinn to cl.1.Ss1iic:111on of cum:nt year/period,

.

,,

SHASHIKANT SHA ~RMA ~1aoaging Qif(!Clor

DIN -06628349

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SVS VENTURES LIMITED. CIN:U70100GJ201SPLC085454

A-1009, MONDEAL HEIGHTS, NR. NOVOTEL HOTEL. S G HIGHWAY ,AHMEDABAD

CASH FLOW STATEMENT FOR THE YEAR ENDED 31st MARCH 2025

Cash flows from operating activities

Profit before taxation

Adjustments for:

Depreciation

Investment income

Deferred tax Liability

Interest expense

Reserves Utilisation

Profit/ (Loss) on the sale of property, plant & equipment Working capital changes:

(Increase)/ Decrease ln trade and other receivables

(Increase)/ Decrease in inventories

(Increase)/ Decrease in Short Term Loan & Advance

(Increase) I Decrease in Other Current Assets

Increase/ (Decrease) in Trade payables

Increase I (Decrease) in Short term Provisions

Increase I (Decrease) in Other Current Liabilities

Cash generated from operations

Interest paid

income taxes paid

Dividem::ts paid

t\lE!t cGSh from operating uctivities

Cash flows rrom [nvesting activitfes

Busrness acquisitions, net of cash acquired

Purchase of property, plant and equipment

Proceeds from sale of equipment

Acquisition of portfolio investments

Investment income

Net cash used in investing activities

Cash flows from financing activities

Proceeds from issue of share capital

Proceeds from long-term borrowings

Proceeds from Short-term borrowings

Payment of Share Application Money

Share Capital Issue With Security Premium

Net cash used in financing activities

Net increase in cash and cash equivalents

Cash and cash equivalents at beginning of period

_Cash and cash equivalents at end of period

--

SUNNY SHARMA

Director DIN -9480894

Rs (In Lacs)

For the Period Ended 31st For the Year Ended 31st

March 2025 March,2024

9.81 11.65

4.00 5.12 .

.

. 1.06

(2.51) .

(0.08) .

91.33 247.52

(40.50) 0.53

144.89 (481.48)

15.93 38.92

(111.33) 20.18

2.2S (22.92)

(7.07) (124.04)

106.72 1303.46) .

(1.06)

(2.25) (3.33) . .

104.47 (307.85)

. .

.

. .

(90.00) 358.66 . .

(90.00) 358.66

.

. .

(0.60) I (46.25) . .

. .

(0.60) (46.25)

13.87 4.57

15.29 10.72

29.17 15.29 ----

0"1.UfE>s 0~( ....

·-:,

--~,.muflKANT SHARMA

Managing Director

DIN ·06628349

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ANNEXURE B

Date: 27th May 2025

To,

BSE Limited,

P.J. Towers, Dalal Street, Mumbai –

400 001

Scrip Code – 543745

Dear Sir/Madam,

Sub.: Declaration regarding Auditor's Report with unmodified opinion

Ref.: Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015 read with applicable SEBI circular

Dear Sir/ Madam,

It is hereby declared that M/s. J M Patel & Bros, Chartered Accountants, Statutory Auditors (Firm

Registration No. 107707W) of the Company, have issued the auditor's report with an unmodified opinion

on the audited standalone financial results of the Company for financial year ended March 31, 2025.

Kindly take the same on record.

For, SVS Ventures Limited

Shashikant Sharma

Managing Director & CEO

DIN: 06628349

SVS VE TURES LIMITED

Registered Office: A-1009 Mondeal Hights,

Nr. Panchratna Party Plot. S.G. Highway,

Ahmedabad -380051 (Guj.) India.

CIN Number :U70100GJ2015PLC08545 GST 24AADCH7878K1Z1

Phone: 079-40397191

Email: md@svsventures.co.in Website: www.svsventures.co.in

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