Silicon Valley Infotech Limited will convene a board meeting on May 28, 2026, to consider and approve the audited standalone financial results for the quarter and financial year ended March 31, 2026. The meeting will also review the audit report accompanying these results.

Pursuant to Regulation 29(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company intimated the stock exchanges regarding the meeting agenda. The trading window for dealing in the company's securities remains closed in accordance with its Insider Trading Prohibition Code under the SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will reopen 48 hours after the declaration of the financial results.

Key Meeting Details

The intimation was submitted to BSE Limited and The Calcutta Stock Exchange Ltd. on May 25, 2026, by Santosh Kumar Jain, Managing Director of Silicon Valley Infotech Limited.

Silicon Valley Infotech Limited has formally submitted its Scheme of Reduction of Share Capital to BSE Limited and The Calcutta Stock Exchange Limited on March 13, 2026, following overwhelming shareholder approval at the company's 1st Extra-Ordinary General Meeting held on March 9, 2026. The submission was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Scheme Details and Capital Structure Changes

The comprehensive scheme, approved by the Board of Directors on January 27, 2026, and subsequently by shareholders, proposes significant changes to the company's capital structure. The scheme aims to address the company's accumulated losses and improve its financial position for future growth.

Financial Rationale and Accumulated Losses

The scheme addresses the company's substantial accumulated losses of ₹13,45,23,000 as of September 30, 2025. The company has been experiencing financial challenges over the past five years, with the net worth standing at negative ₹48,43,000 as of September 30, 2025.

Shareholder Voting Results

The special resolution received exceptional support from shareholders across all categories, demonstrating strong confidence in the company's restructuring strategy.

Strategic Benefits and Future Outlook

The scheme is designed to clean up the company's balance sheet and enable future fundraising capabilities. Key benefits include presenting a more accurate financial position, facilitating efforts to raise funds from banks and financial institutions, and enabling fresh capital raising through private placement. The reduction does not involve any payment to shareholders or impact on creditor rights.

Regulatory Process and Next Steps

The company will now proceed with filing an application to the National Company Law Tribunal (NCLT) under Section 66 of the Companies Act, 2013, for final approval of the scheme. The shareholding pattern will remain unchanged, with promoters maintaining 2.74% and public shareholders holding 97.26% of the reduced capital structure.

CS Atul Kumar Labh of A. K. Labh & Co., Company Secretaries, served as the scrutinizer for the EGM, confirming that the voting process was conducted transparently in accordance with applicable regulations.

Source: None/Company/INE913A01024/849678c2-8df7-4efd-bb60-617a132a45b3.pdf