The Board of Directors of SVP Global Textiles Limited, in their meeting held on May 30, 2026, approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. Furthermore, the Board approved the appointment of M/s. M. Goyal & Co. as Cost Auditor and M/s. Shweta Jain & Co. LLP as Internal Auditor for the financial year 2026-27, while also accepting the resignation of Independent Director Mrs. Prima Denish Parmar, effective from the close of business hours on May 30, 2026.

SVP Global Textiles Limited is a textile manufacturing company engaged in the production of cotton yarn and other related products. The company operates primarily in the textile sector and has been working through complex restructuring processes, including corporate insolvency resolution processes (CIRP) involving certain key step-down subsidiaries.

The company recently concluded its board meeting where it reviewed its financial performance and administrative appointments for the upcoming fiscal year. The financial results indicated various operational updates, including the initiation of CIRP against subsidiaries like Shri Vallabh Pittie South West Industries Limited and Shri Vallabh Pittie Industries Limited.

In the quarter ended March 31, 2026, the company reported a consolidated net profit of 19,998.63 Lakhs, compared to a net loss of 5,314.35 Lakhs in the previous quarter and a net loss of 75,201.89 Lakhs in the corresponding quarter of the last year. The company’s revenue performance and profit shifts are summarized in the table below: