SVP GLOBAL TEXTILES LIMITED — Board Meeting, 14-08-2025: Outcome of Board Meeting

SVP Global Textiles' board approved Q1 FY25 consolidated financial results. Revenue for the quarter was Rs. 0.50 Cr, with a net loss of Rs. 50.51 Cr. Notably, key subsidiaries undergoing insolvency (CIRP) were not consolidated, and finance costs post-June 2024 are not fully accounted for, pending lender confirmation amidst debt covenant breaches. Separately, Indian Bank has filed an NCLT petition against the company over a Rs. 35.63 Cr loan default. The board also dissolved the CSR and Risk Management committees, reorganizing roles under the main board, and reconstituted the Audit and Stakeholders Relationship committees.