S V Global Mill Approves Scheme of Arrangement for Share Cancellation

S V Global Mill Ltd's Board of Directors has approved a scheme of arrangement to cancel unclaimed and undematerialized physical shares. As of June 30, 2026, 10,91,187 physical shares, representing 6% of the paid-up capital, remain undematerialized. This move aims to reduce administrative costs associated with maintaining a separate suspense account. The face value of shares remains unaffected, and continuing shareholders are not diluted. The proposed reduction is subject to approvals from the Stock Exchange, SEBI, shareholders, and NCLT. The company will submit necessary documents for approval in due course.