Notice of Postal Ballot dated 11th March, 2026 is enclosed herewith.
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Awaiting price reaction for this filing.
Skyline Ventures India Ltd has issued a Postal Ballot Notice dated March 11, 2026, seeking shareholder approval through remote e-voting for 9 items of business. These include regularising the appointments of two Independent Directors — Mr. Ravindra Narasimha Aluri and Ms. K V L Priyanka — for 5-year terms, and acquiring 100% of SPVO Two Point O Ventures Tech Pvt Ltd for ₹1 lakh (with follow-on investment of up to ₹3.97 crore) to make it a wholly owned subsidiary. The company also seeks to raise its borrowing limit under Section 180(1)(c) to about ₹24 crore, authorise sale/disposal of undertakings up to the same cap, permit investments under Section 186 up to ₹23.37 crore, and raise the NRI shareholding ceiling to 24%. It further seeks broad authority under Section 210 to investigate past officers, employees, auditors, and intermediaries, and proposes appointing M/s GVR and Associates as Secretarial Auditor for FY 2025-26 to 2029-30. E-voting runs from March 30, 2026 to April 28, 2026, with results expected by April 30, 2026.
Shareholders are being asked to approve a wide-ranging package that significantly expands the company's borrowing, investment, and acquisition powers, while also giving the board broad authority to investigate past actions of its own officers and advisors. The Section 210 resolution is unusual and suggests potential past governance or conduct issues that management wants shareholders to retrospectively authorise it to pursue — a point investors should weigh carefully before voting.