Skyline Ventures India Limited has issued a comprehensive postal ballot notice dated March 28, 2026, seeking shareholder approval for nine special resolutions that encompass director appointments, corporate acquisitions, and significant financial authorizations. The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate remote e-voting for all proposed resolutions.

Director Appointments and Board Restructuring

The company seeks regularization of two key independent director appointments made on January 19, 2026. The proposed appointments include Mr. Ravindra Narasimha Aluri (DIN: 02354294) and Ms. K V L Priyanka (DIN: 11490345), both for five-year terms as independent directors not liable to retire by rotation.

Mr. Aluri brings extensive banking experience from senior positions at Syndicate Bank, ING Vysya Bank, and Axis Bank, with expertise in corporate credit appraisal, project finance, and mergers and acquisitions. Ms. Priyanka contributes skills in corporate governance, human resource management, and strategic planning.

Strategic Acquisition Initiative

Skyline Ventures proposes to acquire 100% equity shares of SPVO Two Point O Ventures Tech Private Limited, comprising 10,000 equity shares of ₹10 each for a total consideration of ₹1,00,000. The acquisition will make the target company a wholly owned subsidiary.

The company may increase the paid-up share capital of the subsidiary and make further investments up to ₹3,96,66,680 in one or more tranches as deemed appropriate by the board.

Financial Authorizations and Corporate Powers

The postal ballot includes several resolutions to enhance the company's financial flexibility and operational capabilities. The board seeks approval for increased borrowing powers under Section 180(1)(c) of the Companies Act, 2013, allowing borrowings up to ₹23,96,66,680 beyond the aggregate of paid-up share capital and free reserves.

Additionally, the company seeks authorization to sell, lease, or dispose of assets under Section 180(1)(a) and approval for making investments under Section 186 of the Companies Act, 2013. These authorizations will enable the company to pursue strategic opportunities and secure necessary financing for business expansion.

Regulatory and Governance Measures

The resolutions include increasing the aggregate limit for Non-Resident Indian (NRI) holdings from the current level to 24% of the paid-up share capital on a repatriation basis. This measure aims to attract additional NRI investments and unlock value for the company.

The board also seeks authorization to examine matters relating to company affairs, initiate investigations, and recover losses where necessary under Section 210 of the Companies Act, 2013. This resolution empowers the board to protect shareholder interests through appropriate regulatory and legal channels.

Auditor Appointment

The final resolution proposes appointing M/s. GVR & Associates (FRN: P2016TL056400) as secretarial auditors for five consecutive financial years from 2025-26 to 2029-30, in compliance with SEBI listing regulations.

Newspaper Advertisement Publication

Pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has published the postal ballot notice advertisement in Metro India and Vijaykranthinews newspapers on March 29, 2026. The company has intimated BSE Limited about the newspaper publication through a formal communication dated March 30, 2026.

Voting Process and Timeline

The remote e-voting facility will be available from March 30, 2026, at 9:00 AM to April 28, 2026, at 5:00 PM. Mr. Venka Reddy Bathina (Membership No. A17439) of M/s GVR & Associates has been appointed as scrutinizer to ensure fair and transparent voting. Results will be announced by April 30, 2026, and made available on the company website and BSE Limited's platform.

The cut-off date for determining eligible voters is March 27, 2026, and the postal ballot notice has been sent electronically to members whose email addresses are registered with the company or depositories.

Skyline Ventures India Limited's Board of Directors held a comprehensive meeting on March 11, 2026, approving several significant corporate decisions including a strategic acquisition and postal ballot matters. The board meeting, which lasted from 4:00 PM to 8:45 PM, addressed multiple operational and compliance challenges facing the company.

Strategic Acquisition Approved

The board approved the proposal to acquire 100% of the equity share capital of SPVO Two Point O Ventures Tech Private Limited. The acquisition details are structured as follows:

The board also approved that the company may increase the paid-up capital and investment in SPVO Two Point O Ventures Tech Private Limited up to ₹3,96,66,680 in one or more tranches, subject to applicable approvals and business conditions.

Operational Challenges and Strategic Response

The company disclosed that it is currently facing operational issues including inactive GST, bank accounts, MCA compliance, income tax matters, and forensic audit requirements. Additionally, the financials for FY 2024-25 and Q2 & Q3 periods remain to be finalized. To overcome these challenges, the company proposes to operate business through the freshly incorporated wholly owned subsidiary managed by existing directors.

Postal Ballot Matters

The board approved seeking members' approval through postal ballot for several significant corporate actions:

Appointments and Resignations

The board appointed CS B. Venka Reddy, Practicing Company Secretary, as Scrutinizer for the postal ballot process. CS Reddy is the Proprietor of M/s GVR and Associates, Hyderabad, and holds membership number A 17439 with COP No. 15277.

Regarding personnel changes, the board took note of the resignation of Ms. Swapna Tervati, Chief Financial Officer of the company. However, the board decided to defer acceptance of her resignation until completion of certain pending operational and compliance matters.

Additional Corporate Actions

The board authorized the initiation of investigation and filing of complaints against concerned stakeholders regarding matters detrimental to the company's interests that have unfolded recently. The board also acknowledged challenges related to transfer of information, data, assets, domain transfer, GST, database access, and other operational elements from erstwhile directors, while noting the efforts of the company secretary and team in retrieving them through ROC and exchanges.