Silicon Valley Infotech Limited has announced an Extra Ordinary General Meeting (EGM) to be held on March 9, 2026, seeking shareholder approval for a significant reduction in share capital aimed at restructuring its financial position.

Meeting Details and Regulatory Compliance

The EGM is scheduled for March 9, 2026 at 11:00 A.M. at the company's registered office located at 10 Princep Street, 2nd Floor, Kolkata - 700072. The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Proposed Capital Reduction Structure

The company proposes to reduce its issued, subscribed, and paid-up share capital substantially to address accumulated losses. The reduction involves cancelling and extinguishing a significant portion of existing equity shares.

Financial Rationale and Accumulated Losses

The capital reduction is designed to set off accumulated losses against the company's paid-up capital. As on September 30, 2025, Silicon Valley Infotech Limited reported total accumulated losses of ₹13,45,23,000. The proposed reduction will utilize ₹12,70,86,400 from these accumulated losses.

The company has experienced consistent losses over the past five financial years, impacting its ability to scale operations and access funding from capital markets or financial institutions. The management believes this restructuring will enable the company to present a more accurate financial position and facilitate future fundraising efforts.

Regulatory Approvals and Process

The capital reduction proposal requires multiple levels of approval:

• Shareholder Approval: Special resolution with requisite majority at the EGM
• NCLT Confirmation: Approval from National Company Law Tribunal under Section 66 of the Companies Act, 2013
• Regulatory Compliance: Filing with Registrar of Companies and other applicable authorities

The company has appointed Mr. Atul Kumar Labh, Practising Company Secretary (COP No.: 3238) of M/s. A. K. Labh & Co., as the Scrutinizer to oversee the e-voting process.

Impact on Stakeholders

The proposed capital reduction does not involve any cash outflow or payout to shareholders. The shareholding pattern and percentage holdings of all shareholders, including promoters, will remain unchanged post-reduction. The company has confirmed that the reduction will not adversely affect creditors' rights or the company's ability to meet its obligations in the ordinary course of business.

E-voting and Participation

Shareholders can participate in the voting process through remote e-voting facility provided by CDSL from March 6, 2026 at 9:00 A.M. to March 8, 2026 at 5:00 P.M. The company has made detailed arrangements for both individual and institutional shareholders to cast their votes electronically.

The Register of Members and Share Transfer Books will remain closed from March 3, 2026 to March 9, 2026 (both days inclusive) for the purpose of the EGM.

Source: Silicon Valley Infotech Limited regulatory filing

Silicon Valley Infotech Limited has announced its unaudited financial results for the quarter ended December 31, 2025, demonstrating a significant turnaround in financial performance. The Kolkata-based financial services company reported a net profit of Rs 10.27 lacs for Q3FY26, marking a substantial improvement from the net loss of Rs 7.16 lacs recorded in the corresponding quarter of the previous year.

Financial Performance Overview

The company's quarterly performance showed notable improvements across key metrics:

Revenue Composition and Income Sources

The company's total income of Rs 15.03 lacs for Q3FY26 comprised primarily of other income amounting to Rs 15.00 lacs and dividend income of Rs 0.03 lacs. Revenue from operations remained minimal, with only dividend income contributing to operational revenue during the quarter.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, Silicon Valley Infotech demonstrated strong recovery:

Expense Management and Cost Structure

The company's expense management showed improvement during Q3FY26. Total expenses decreased to Rs 4.76 lacs from Rs 7.16 lacs in Q3FY25. Employee benefit expenses constituted Rs 4.31 lacs, while other expenses accounted for Rs 0.45 lacs during the quarter. The company maintained zero finance costs and depreciation expenses.

Corporate Governance and Compliance

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on February 11, 2026. The results have been subjected to limited review by Agarwal Sanganeria & Co., Chartered Accountants, the company's statutory auditors. The company operates in the financial services segment and maintains its registered office at 10 Princep Street, Kolkata.

Key Financial Highlights

Silicon Valley Infotech Limited's paid-up equity share capital remained stable at Rs 1,296.80 lacs throughout the reporting periods. The company's earnings per share improved to Rs 0.01 for Q3FY26 from negative Rs 0.01 in the previous year's corresponding quarter. For the nine-month period, earnings per share stood at Rs 0.012 compared to negative Rs 0.01 in the previous year.