Intimation for delay in filing financial results and seeking extension for submission of financial results for quarter ended 30th Sept, 2025 and 31st Dec, 2025.
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Skyline Ventures India Ltd has informed BSE that it will not be able to file its quarterly financial results for Q2 (September 30, 2025) and Q3 (December 31, 2025) within the stipulated timeline. The company attributes the delay to the entire Board of Directors ceasing to hold office on December 31, 2025, followed by the appointment of new directors at an EGM on the same date, with the handover process still ongoing. Additionally, the company's HDFC Bank current account credentials are reportedly still held by the erstwhile directors, and the re-adoption of FY25 financial results is also pending. The company has requested an extension to file the results by May 31, 2026, and has asked BSE to condone the delay and not take any adverse action.
This delay raises governance concerns for shareholders, as the company has been without a functioning board and has pending financial results for two consecutive quarters. Investors should monitor whether results are filed by the extended deadline of May 31, 2026, as prolonged non-compliance could attract regulatory action and impact trading in the stock.