This is to inform you that the Board of Directors of the Company, at its meeting held today i.e. February 2, 2026, inter-alia, considered and approved the following: 1. Convening of an ....
Awaiting price reaction for this filing.
The Board of Directors of Silicon Valley Infotech Ltd, at its meeting on February 2, 2026, approved convening an Extraordinary General Meeting (EGM) on Monday, March 9, 2026 at 11:00 A.M. at the company's registered office in Kolkata. The purpose of the EGM is to seek shareholder approval for a Scheme of Reduction of Capital between the company and its shareholders under Section 66 of the Companies Act, 2013. The company has also arranged e-voting facilities for shareholders, with the cutoff date set as March 2, 2026. Remote e-voting will be open from 9:00 A.M. on March 6, 2026 to 5:00 P.M. on March 8, 2026.
Shareholders will need to vote on the capital reduction proposal at the upcoming EGM. Capital reduction often indicates the company may be writing off accumulated losses or restructuring its equity base, which can affect the face value or number of shares held by investors.