SVC INDUSTRIES Ltd — Board Meeting, 27-05-2025: Board Meeting

oo SVC INDUSTRIES LIMITED

Ly 8

Regd. Office : 501, OIA House, 470, Cardinal Gracious Road, Andheri (East), Mumbai - 400099.

Tel. : +91-22-66755000, Email : svcindustriesltd@gmail.com e Website s www.svcindustriesltd.com

CIN: L15100MH1989PLC053232

May 27, 2025

To,

BSE Limited,

Phiroze Jeejeebhoy Tower,

Dalal Street, Fort,

Mumbai - 400 001.

Scrip Code: 524488

Dear Sir/Madam,

Reference: Outcome of Board Meeting under Regulation 30 of SEBI (Listing

Obligations and Disclosure Requirements) Regulations, 2015 ("Listing

Regulations”)

This is to inform you that 178th meeting of the Board of Directors of the Company was

held on Tuesday, May 27t, 2025 at 02:30 P.M. and concluded at 04:15 PM.

The Board considered and approved the following, inter alia to include;

i) Audited Financial Results for the quarter and year ended March 31, 2025

and Independent Auditor's Review Report required under Regulation 33 of

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

are enclosed herewith as Annexure 1.

Declaration of unmodified opinion for Annual Audited Standalone and

financial results for the year ended March 31, 2025, in accordance with

Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015 read with SEBI Circular no.

CIR/CFD/CMD/56/2016 is enclosed herewith as Annexure 2.

ii) Re-appointment of M/s. S.K.Khandelwal, Chartered Accountants, as the

Internal Auditor of the company for the financial year 2025-26.

Chhata-Barsana Road, Dist : Mathura, UP - 281401

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SVC INDUSTRIES LIMITED

Regd. Office : 501, OIA House, 470, Cardinal Gracious Road, Andheri (East), Mumbai - 400099.

Tel. : +91-22-66755000, Email : svcindustriesitd@gmail.com o Website : www.svcindustriesltd.com

CIN : L15100MH1989PLC053232

ili) Appointment of M/s. Abhishek Wagh & Associates, Practicing Company

Secretaries, Peer reviewed Firm as Secretarial Auditor of the Company for

the audit period of five consecutive years commencing from F.Y. 2025-26 till

F.Y. 2029-2030, subject to the approval of members in the ensuing 34th

AGM.

iv) Pursuant to the provisions of Regulation 23 of SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015, including any modification(s)

/ amendment(s) / re-enactment(s) thereof, and section 188 of Companies

Act, 2013, the company considered and approved the Related Party

Transaction Policy.

Further, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015 read with SEBI circular no. SEBI/HO/CFD/CFD-

PoD-1/P/CIR/2023/123 dated July 13, 2023 please find following disclosures

pertaining to the re-appointment/ appointment:

Brief Profile of Auditors

Sr. Particulars Internal Auditor Secretarial Auditor

No.

1 Name of the Firm | M/s. S. K. Khandelwal | M/s. Abhishek Wagh &

Associates

2. Reason for change | Re-appointment Appointment

i.e. Appointment

3. Date of | 27-05-2025 27-05-2025

Appointment

4. Term of | F.Y. 2025-2026 F.Y. 2025-2026 to FY 2029-

Appointment 2030, subject to members

approval in ensuing 34t

AGM.

Chhata-Barsana Road, Dist : Mathura, UP - 281401

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S o>

SVC INDUSTRIES LIMITED

Regd. Office : 501, OIA House, 470, Cardinal Gracious Road, Andheri (East), Mumbai - 400099.

Tel. : +91-22-66755000, Email : svcindustriesitd@gmail.com o Website : www.svcindustriesltd.com

CIN: L15100MH1989PLC053232

5. Brief Profile & |M/s. Sanjay Kumar | M/s. Abhishek Wagh &

Area of Khandelwal is a CA | Associates is a firm of

Expertise firm of Practicing | Practicing Company

Chartered Accountant | Secretaries. The firm is

based in Mathura engaged in providing the

since 2003 and | Certification services

registered with firm | under the various

registration number: | Corporate Laws,

402135. Mr. Sanjay | Secretarial Compliance

Kumar Khandelwal is | Solution. The Firm is also

renowned for its|engaged in providing

expertise in | corporate restructuring

conducting internal | services such as Mergers

audits, statutory audit, | and Amalgamation and

tax audit, Income tax | capital restructuring

return and income tax | services by way of Rights

cases under Income |Issue, Preferential Issue,

tax audit. Bonus Issues, ESOPs, Buy

Back and Capital

Reduction

Request you to kindly take above on your records.

Thanking you,

Yours faithfully

For SVC Industries limited

[ e

Jyoti Darade

Company Secretary

Chhata-Barsana Road, Dist : Mathura, UP - 281401

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Anneseuste ~ T

B. M. CHATURVEDI & Co.

CHARTERED ACCOUNTANTS

3‘2 Jolly Maker Chambers I, Nariman Point, Mumbai - 400 021. Tel. : 91 2240020098 / 22854274 / 75 | Email : office@bmchaturvedi.in

Independent Auditor’s Report on the Quarter and Year Ended Audited Financial Results

of SVC Industries Limited pursuant to the Regulation 33 of the SEBI (Listing Obligation

and Disclosure Requirements) Regulations, 2015 as amended.

To

The Board of Directors of

SVC Industries Limited

Report on the Audit of the Financial Results

Opinion

‘We have audited the accompanying Statement of Financial Results for the quarter and year

ended 31st March, 2025 read with “Other Matters” mentioned herein below of SVC

Industries Limited (“the Company”), being submitted by the Company pursuant to the

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

Regulations, 2015, as amended (“the Listing Regulations™).

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

us, and the financial results for the year ended 31st March, 2025:

(i) is presented in accordance with the requirements of Regulation 33 of the Listing

Regulations; and

(i) gives a true and fair view in conformity with the recognition and measurement principles

laid down in applicable Indian Accounting Standards (“Ind AS”) and other accounting

principles generally accepted in India of the net loss and. other comprehensive income and

other financial information of the Company for the quarter and year ended 31st March,

2025.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under

section 143(10) of the Companies Act, 2013 (“the Act”). Our responsibilities under those

Standards are further described in Auditor’s Responsibilities for audit of 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 (the “ICAI”) together with the

ethical requirements that are relevant to our audit of the Financial results for the quarter and

year ended 31st March, 2025 under the provisions of the Act and the Rules thereunder, and

we have fulfilled our other ethical responsibilities in accordance with these requirements and

the ICAT’s Code of Ethics. We believe that the audit evidence obtained by us is sufficient and

appropriate to provide a basis for our audit opinion,

Management’s Responsibilities for the Financial Results

The Financial Results is the responsibility of the Company’s Board of Directors and has been

approved by them for the issuance. The Financial Results has been compiled from the related

audited financial statements for the year ended 31st March, 2025. This responsibility includes

the preparation and presentation of the financial results for the quarter and year ended 31st

March, 2025 that give a true and fair view of the net loss and other comprehensive income and

S Page 1

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SVC Industries Limited Audit Report (LODR) for F.Y. 2024.25

other financial information in accordance with the recognition and measurement principles

laid down in Ind AS prescribed under Section 133 of the Act, 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 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 the 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

financial results that give a true and fair view and is free from material misstatement, whether

due to fraud or error.

In preparing the 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 financial reporting process of

the Company.

Auditor’s Responsibilities for audit of the Financial Results

Our objectives are to obtain reasonable assurance about whether the Financial Results for the

quarter and year ended 31st March, 2025 as a whole is 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 this Financial results.

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

professional skepticism throughout the audit. We also:

o 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 such controls.

e 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 Director’s 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 ability of the

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SVC Industries Limited

suntants Audit Report (LODR) for F.Y. 202425

Company 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.

o Evaluate the overall presentation, structure and content of the financial results, including

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

events in a manner that achieves fair presentation.

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 to bear on our independence,

and where applicable, related safeguards.

Other Matters

The Financial Results for the quarter ended 3Ist March, 2025 being the balancing figures

between audited figures in respect of the financial year ended on 31st March, 2025 and the

published unaudited figures for the nine months ended on 31st December, 2024 which were

subject to limited review by us, as required under the Listing Regulations.

Our opinion is not modified in respect of this matter.

For B.M. CHATURVEDI & Co.

Chartered Accountants

ICAI FRN: 114317W

Kartik Agrawal

Partner

ICAIMN. 463529

UDIN: zsqszszsgnopmzzss

Date: 27" May, 2025

Place: Mumbai

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m2 )

SVC INDUSTRIES LIMITED

Regd. Office: 501, OIA House

470, Cardinal Gracious Road, Andheri (East), Mumbai - 400 099

Tel.no: 022-66755000, Email: svcindustriesitd @gmail.com

Website: www.svcindustriesitd.com, CIN: L15100MH1989PLC053232

Statement of Audited Financial Results for the Quarter and Year Ended 31st March, 2025

(Rs. in lakh)

s For the Quarter Ended Year Ended o Particulars

(Audited) _|(Un-Audited) | (Audited) | (Audited) | (Audited)

3 31.03.2025 31.12.2024 | 31.03.2024 | 31.03.2025 | 31.03.2024

1 [INCOME Revenue From Operations

-Lease Rent Income 7.61 18.26 573 65.07 40.92 -Agri Trading Sales

2.94 = - 66.32 :

Other Income* 0.29 0.03 20.66 11931 21.63

Total Income 10.84 18.29 26.39 250.70 62.55

2 | EXPENDITURE

Cost of Material Consumed (0.12); 2.12 - 3.11 -

Purchase of Stock in Trade (0.02) 48.10 “ 104.14 -

Changes in Inventory of Stock in Trade 2.51 (50.60) - (48.10) -

Employee Benefits Expense 11.21 11.46 8.64 4347 31.05

Finance Cost 1.06 1.06 - 212 0.05

Depreciation 48.16 48.15 48.19 192.62 192.76

Administrative & Other Expenses** 43.42 21.47 15.39 111.05 58.04

Total Expenses 106.22 81.77 72.22 408.41 281.90

3 | Profit/(Loss) Before Tax (95.39) (63.48) (45.83)| (157.71) (219.35)

4 | Less: Tax Expenses 147 (1.47) - - -

5 | Profit/(Loss) for the Period (93.92) (64.95), (45.83) (157.71)] (219.35)

6 | Other Comprehensive Income - - n - -

7 | Total Comprehensive Income (93.92) (64.95) (45.83) _ (157.71) (219.35)

Paid-Up Equity Share Capital 16,186.37 16,186.37 | 16,186.37 | 16,186.37 | 16,186.37

(Face Value Rs.10/- each)

Other Equity * - - 10,617.26 | 10,774.97

Earnings Per Share (EPS) (In Rs.)#

- Basic (0.06) (0.04) (0.03) (0.10) (0.14)

- Diluted (0.06) (0.04) (0.03) (0.10) (0.14)

* Other Income Includes gain of Rs. 118.18 Lakhs on sale of one of the office premises of the company in F.Y. 2024-25

** Administrative expenses includes payment of BSE penalties of Rs. 31.13 Lakhs in QIV F.Y. 2024-25.

H#EPS is not annualised for the quarter ended 31st March, 2025, 31st December, 2024 & 31st March, 2024

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SVC INDUSTRIES LIMITED

Statement of Cash Flow for the Year Ended 31st March, 2025

(Rs. in Lakh) 2024-25 2023-24

Audited Audited

A. | Cash Flow from Operating Activities Net Loss before tax as per Profit & Loss Account (157.71) (219.35),

Adjustments for:-

Depreciation 192.62 192.76

Finance Cost 212 0.05

Gain on Sale of Fixed Assets (118.18) - Sundry Balances Written Back - (20.60)|

Operating Profit Before Working Capital Changes i (81.16) (47.14)

Working Capital Changes Changes in Financial Assets 116 (0.77)]

Changes in Financial Liabilities (4.86), (13.21)

Changes in Non-Financial Assets (17.60) 0.65

Changes in Non-Financial Liabilities 0.80 (0.59) Changes in inventories (48.04) -

i (68.54) (13.92)

Less: Tax Paid i - -

Net Cash flow Used in Operating Activities A= iiiiii (149.70) (61.06)

B. | Cash flow from investing activities

Sale of fixed assets 123.00 -

Purchase of Fixed Assets (0.29) -

Loans & Advances given to related party & Others 10.18 (37.63)

Net Cash Flow from/(used) in investing activities B 132.88 (37.63)

C. | Cash flow from financing activities

Repayment of Secured Loans from related party - (13.93) Secured loans taken from from related party 688.71 -

Secured loans taken from Financial Institution 37.11 -

Repayment of Secured Loans from State Financial Institution (678.92) - Net Unsecured Loans taken from related parties (40.40) 111.70

Finance Cost (2.12) (0.05)

Net cash flow from financing activities 4 4.37 97.72

Net Decrease in Cash and Cash Equivalents A+B+C (12.44) (0.97) Opening Balance of Cash and Cash Equivalents

12.94 13.91

Closing Balance of Cash and Cash Equivalents 0.50 12.94

[Figures in bracket represent cash out flow]

MUMB! Al d RN, 14317

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7 SVC INDUSTRIES LIMITED

Regd. Office : 501, OIA House, 470, Cardinal Gracious Road, Andheri (East), Mumbai - 400099.

Tel. : +91-22-66755000, Email : svcindustriesltd@gmail.com o Website : www.svcindustriesltd.com

CIN : L15100MH1989PLC053232

Annexure -2

Sub: Declaration pursuant to Regulation 33(3)(d) of Securities and Exchange Board

of India (Listing Obligations and Disclosure Requirement) Regulations, 2015 for

the Annual Audited Financial Results for the financial year ended March 31 2025

Dear Sir/ Madam,

Pursuant to Regulation 33(3)(d) of Securities and Exchange Board of India (Listing

Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’),

we hereby declare that the Statutory Auditors of the Company M/s. B.M. Chaturvedi

and Co. (FRN: 114317W) have issued the Audit Reports with unmodified opinion in

respect of Annual Audited Standalone Financial Results of the Company for the

financial year ended March 31, 2025

Request you to kindly take above on your records.

Thanking you,

Yours faithfully

For SVC Industries limited

Kapil Chaturvedi

CFO & Manager

Chhata-Barsana Road, Dist : Mathura, UP - 281401

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