Intimation of consolidated Scrutinizer report containing the voting results of the EGM held by requisitionists pursuant to section 100 of the Companies Act 2013.
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Skyline Ventures India Ltd has disclosed the voting results of an Extraordinary General Meeting (EGM) that was convened by shareholders (requisitionists) under Section 100 of the Companies Act 2013, held on 31 December 2025 via video conferencing. All 8 resolutions were passed with the requisite majority on the strength of about 21.08 lakh votes cast by 40 members. Three new directors — Kantheti Phanindra Varma, Madhu Mohan Avalur, and Venkata Satya Subrahmanyam Mukkavalli — have been appointed, while three existing directors — Asha Mitta, Anil, and Hannah Priyadarshini — have been removed. Shareholders also approved appointing a forensic auditor to scrutinise past board transactions and directed the board not to enter any agreement without shareholder approval, specifically suspending the agreement(s) with Verrkotech Solutions Private Limited.
This marks a significant board-level management change driven by dissident shareholders, including a cleansing of the existing board and appointment of a forensic auditor to probe past board dealings. The suspension of the Verrkotech Solutions deal signals potential disputes over related-party or contentious transactions. For minority shareholders, this could mean upcoming clarity (or disruption) over the company's past governance, but heightened uncertainty around the stock until the forensic review is completed.