Pursuant to Regulation 30 of SEBI (LODR), 2015 we are enclosing herewith the Notice of the EOGM of the Company scheduled to be held on 09th March, 2026 at 11.00 AM at the Registered Office ....
Awaiting price reaction for this filing.
Silicon Valley Infotech Ltd has called an EGM on March 9, 2026 to seek shareholder approval (via Special Resolution) for a 98% reduction of its paid-up share capital. The company has accumulated losses of Rs. 13.45 crore as on September 30, 2025, and proposes to set off Rs. 12.71 crore of these losses against its paid-up capital by cancelling and extinguishing 12,70,86,400 equity shares of Re. 1 each. Post-reduction, paid-up capital will shrink from Rs. 12.97 crore (12.97 crore shares) to just Rs. 25.94 lakh (25.94 lakh shares). No cash payout will be made to shareholders. The reduction is subject to confirmation by the National Company Law Tribunal (NCLT), Kolkata Bench. The company has been loss-making for the past five financial years with cumulative losses steadily rising before a small recovery in FY25.
This is a significant value-eroding event for shareholders — each shareholder's holding will be reduced to roughly 2% of its current size, with no compensation. While the move cleans up the balance sheet by eliminating accumulated losses, existing shareholders will see their stake diluted drastically in proportional terms. The stock price may react negatively given the sharp contraction in book value and share count.