Shivom Investment & Consultancy Ltd. held its 36th AGM, approving a new MOA/AOA and appointing auditors and directors. The company confirmed completion of its Corporate Insolvency Resolution Process (CIRP) and is set to commence new operations.
Shivom Investment Concludes CIRP, Eyes New Operations Post-AGM
Shivom Investment & Consultancy Ltd. has successfully completed its Corporate Insolvency Resolution Process (CIRP), marking a significant turnaround following an NCLT Mumbai Bench order on August 18, 2025. Shareholders approved key structural and governance changes at the company's 36th Annual General Meeting (AGM). ## What just happened The company adopted a new Memorandum of Association (MOA) and Articles of Association (AOA) to comply with the Companies Act, 2013. Patel Soni Shah & Co. was appointed as statutory auditors for five years, and Ronak Jhuthawat & Co. as secretarial auditors for the same period. Ms. Avani Vishnubhai Patel and Ms. Kajal Ankitbhai Pambhar were regularized as independent directors. ## Why this matters These approvals signify a fresh start for Shivom Investment, with the CIRP now behind it. The adoption of new governance documents and financial authorizations are crucial steps to enable the company to commence new operations and pursue its strategic growth plans under new management led by Managing Director Mr. Ravi Dhirajlal Vagadiya. ## The backstory The company was undergoing the Corporate Insolvency Resolution Process, a legal framework designed for the resolution of corporate debtors. The NCLT's order on August 18, 2025, allowed the company to move into a turnaround phase after the completion of this process. ## What changes now With the AGM's resolutions, Shivom Investment is legally and financially equipped to initiate its new business objectives. Approvals include enhanced borrowing limits, provisions for loans and guarantees, and increased investment limits, setting the stage for operational revival. ## Risks to watch Execution risk on the new business model and operational revival remains a key concern for investors. The success of the turnaround hinges on management's ability to implement the approved resolution plan effectively. ## Peer comparison Information on peers undergoing similar turnaround phases post-CIRP is limited. However, companies successfully exiting insolvency typically focus on debt reduction and operational efficiency to regain market confidence. ## Context metrics (time-bound) * **Event:** 36th Annual General Meeting. * **CIRP Completion Date:** Approved by NCLT Mumbai Bench order dated August 18, 2025. * **Auditor Appointment:** 5-year term for both statutory and secretarial auditors. * **Resolutions:** 12 agenda items approved, including adoption of new MOA/AOA. ## What to track next Investors should monitor future company filings for updates on the commencement of new operations, business performance under the new model, and financial results as the company navigates its turnaround phase. Reader Takeaway: CIRP complete with new governance and financial approvals paves way for operational restart; execution of new plans is key.
