37th Annual General Meeting voting results along with scrutinizers report
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Skyline Ventures India Ltd held its 37th AGM on September 30, 2025 via video conferencing, where all three ordinary resolutions failed to pass. Total shareholders on record date were 1,109, with 17 public shareholders attending virtually. Of the 3,966,668 total outstanding shares, only 2,347,849 votes (59.19%) were polled, entirely from public non-institutional shareholders, while the promoter group (holding 283,000 shares) cast zero votes. Resolution 1 (adoption of FY25 audited financial statements) received only 13.42% in favour, Resolution 2 (re-appointment of director Mr. Prashanth Mitta) got just 3.62% support, and Resolution 3 (appointment of secretarial auditor Ms. Sarada Putcha for FY26-FY30) also received only 3.62% support, with the remaining ~96% votes cast against each.
This is a significant negative development — public shareholders overwhelmingly rejected the company's financial statements, director reappointment, and auditor appointment, while promoters abstained entirely. The company now faces governance issues, potential regulatory scrutiny, and may need to reconvene meetings to pass these basic items, which could weigh on stock sentiment.