Please find attached herewith the scrutinizer report along with voting results
Awaiting price reaction for this filing.
Silicon Valley Infotech Ltd held its 1st Extra-Ordinary General Meeting for FY 2025-26 on 9th March 2026, where shareholders approved a Special Resolution for Reduction of Share Capital with an overwhelming 99.9999% majority. Out of 43,526,620 total votes polled (33.56% of total shares), 43,526,593 voted in favor and only 27 voted against. The remote e-voting and physical ballot results have been combined and verified by the scrutinizer, A.K. Labh & Co., Company Secretaries.
Share capital reduction is typically undertaken to write off accumulated losses or restructure the balance sheet. While technically a negative signal, the near-unanimous approval suggests shareholder consent. Existing shareholders may see the book value of their holdings affected, and further details on the quantum and method of reduction will be key for investors.