Enclosed herewith the Scrutinizer"s Report of the Postal Ballot conducted by the Company.
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Skyline Ventures India Ltd conducted a postal ballot (remote e-voting) from March 30 to April 28, 2026, in which all 9 resolutions were passed with 99.99% shareholder approval. The key resolutions include: (1) appointment of two new Independent Directors - Mr. Ravindra Narasimha Aluri and Ms. K V L Priyanka; (2) acquisition of 100% equity shares of SPVO Two Point O Ventures Tech Private Limited; (3) increase in borrowing powers under Section 180(1)(c); (4) authorisation to sell/lease substantially the whole undertaking; (5) approval for investments under Section 186; (6) permission to accept NRI investments up to 24% of paid-up capital; (7) authorisation for board to investigate matters and recover losses; and (8) appointment of GVR and Associates as secretarial auditor for 5 years. Out of 3,966,668 total shares, 2,111,431 votes were cast (53.23% turnout), with 2,111,401 votes in favour and only 30 against. Notably, the promoter group holding 283,000 shares did not participate in voting at all.
The acquisition of SPVO Two Point O Ventures Tech signals potential business expansion or diversification. Increased borrowing and investment powers give the board more financial flexibility. The NRI investment approval may facilitate foreign capital inflow. The near-unanimous voting (with promoters abstaining) suggests strong retail shareholder support, though investors should monitor how the acquired company performs and track promoter voting patterns going forward.