S V Global Mill News

SV Global Mill Q3FY26 Net Profit Surges to Rs.587.44 Lacs

SV Global Mill Limited reported exceptional Q3FY26 results with standalone net profit of Rs.587.44 lacs vs loss of Rs.6.58 lacs in Q3FY25. Nine-month profit reached Rs.559.50 lacs compared to Rs.69.48 lacs loss last year.

SV Global Mill Approves Land Development Projects and Restaurant Revenue Sharing Agreement

SV Global Mill's Board of Directors approved several key initiatives at their November 3, 2025 meeting. The company executed a gift deed with Chennai City Corporation, surrendering 475.93 sq. meters of land at Armenian Street for road widening in exchange for Development Rights Certificate. The company entered into a revenue sharing agreement with Kamatchi Express for operating a drive-in restaurant on the same property, with operations commencing October 9, 2025. Under the agreement, Kamatchi Express will pay 10% of monthly earnings or Rs 6 lakh, whichever is higher. The company incurred Rs 2.7 crores for infrastructure development and paid Rs 5.13 crores to CMDA for Open Space Reservation instead of surrendering 3,107.79 sq. feet of land. Additionally, the Board authorized the Chairman Managing Director to facilitate an open bidding process for selling 4.58 acres of vacant land in Bangalore through a reputed real estate consultant.

SV Global Mill Limited Appoints B. Parameswar as Chief Financial Officer

SV Global Mill Limited has appointed Sri. B. Parameswar as Chief Financial Officer effective November 3, 2025. Parameswar is a Chartered Accountant with over 30 years of experience in finance and allied functions, previously working with Bharat Heavy Electricals Limited. The Nomination and Remuneration Committee recommended his appointment at their meeting held on October 23, 2025. The appointment was announced by Chairman Managing Director E. Shanmugam.