Outcome of the Board Meeting held on Wednesday, 11th March, 2026 i.e Today
Price
▲ 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's board approved acquiring 100% of SPVO Two Point O Ventures Tech Private Limited for just ₹1 lakh initially (10,000 shares at ₹10 each), with plans to invest up to ₹3.97 crore more in tranches to make it a wholly owned subsidiary (WOS). The company openly admits to serious operational troubles — inactive GST, bank, MCA, and income tax accounts, a pending forensic audit, and unaudited financials for FY 2024-25 and Q2/Q3. To work around these issues, the board plans to shift business operations into the newly incorporated WOS run by existing directors. A postal ballot is being sent to shareholders seeking approval to raise borrowing limits to ₹23.97 crore, authorize sale or disposal of the company's existing undertaking for up to ₹23.97 crore, allow investments up to ₹23.37 crore, and permit NRI holdings of up to 24%. The CFO has resigned (acceptance deferred), and the board plans to file complaints against certain stakeholders for actions it considers harmful to the company.
This is a deeply red-flag filing — the company is essentially admitting it cannot operate normally in its current form and wants to move business into a new subsidiary while seeking permission to dispose of the old undertaking and take on significant debt. Existing shareholders should brace for major uncertainty around the company's future, asset value, and governance, as a forensic audit, regulatory non-compliance, and unresolved financials raise serious risk concerns.