Skyline Ventures India Limited has announced a strategic service agreement with Verkko Technologies Pvt. Ltd., marking a significant move to bolster its presence in the data and market analytics domain. The one-year agreement, which became effective on October 16, 2025, encompasses market research, data compilation, analysis, and report preparation services.

Key Agreement Details

Agreement Execution

The agreement's implementation will commence following the successful completion of a 30-day trial pilot project. Subsequent work will be executed through periodic work orders issued by the client. This structure allows for flexibility and scalability in the services provided.

Financial Implications

Skyline Ventures India Limited expects to generate revenue of approximately Rs 2.00 crore from this engagement, with the potential to grow up to Rs 5.00 crore based on deliverables. This range indicates the agreement's significance to the company's financial outlook and its potential impact on the bottom line.

Strategic Importance

The company views this agreement as a strategic move to strengthen its service portfolio in the data and market analytics domain. By partnering with Verkko Technologies, Skyline Ventures aims to enhance its capabilities and expand its market presence in this growing sector.

Confidentiality and Data Protection

Both parties have agreed to maintain confidentiality as per the agreement terms, ensuring the protection of sensitive information exchanged during the course of their collaboration.

Management Changes

In a separate development, Skyline Ventures India Limited disclosed that Ms. Srilekha Donthineni (ACS - 74553) has tendered her resignation from the post of Company Secretary & Compliance Officer on October 17, 2025. The company's board will consider this resignation at an upcoming meeting, pending the outcome of an ongoing internal investigation.

Investors and stakeholders should note that these corporate actions may have implications for the company's operations and governance structure in the coming months. As always, it is advisable to monitor further announcements from the company for any updates or changes to these arrangements.

Skyline Ventures India Limited , a prominent player in the IT and ITES industry, has announced significant changes to its board composition and initiated a governance investigation following an emergency board meeting held on October 3, 2025.

Board Restructuring and New Appointments

The company has appointed two new directors to its board, filling the vacancy created by the departure of Mr. Prashanth Mitta, who left his position as Non-executive Non-Independent Director on September 30, 2025. Mr. Mitta's reappointment resolution was not passed at the 37th Annual General Meeting, and he subsequently expressed unwillingness to continue in the role.

To strengthen its leadership, Skyline Ventures has made the following appointments:

1. Mr. Anil (DIN: 09331597) has been appointed as an Additional Director designated as a Non-executive Non-Independent Director. With over 17 years of experience in IT sales and marketing, Mr. Anil brings expertise in corporate sales, strategic planning, and team management.

2. Mrs. Hannah Priyadarshini (DIN: 10103528) has been appointed as an Additional Director designated as a Whole-time Director. Mrs. Priyadarshini has 15 years of diverse industry experience, with expertise in finance, IT, management, and operations.

Both appointments are for a term of 5 years, subject to shareholder approval. Notably, Mr. Anil and Mrs. Hannah Priyadarshini are spouses, as disclosed in the company's filing.

Governance Investigation Launched

In a move towards ensuring transparency and maintaining high standards of corporate governance, Skyline Ventures has initiated an investigation into certain governance-related concerns. The board has appointed Mr. Nikshit Hemendra Shah, an Independent Director, as the Investigating Officer to conduct a detailed inquiry into:

1. The conduct of the Company Secretary
2. Actions of a specific group of shareholders
3. Potential breaches of the company's data security policy
4. Compliance framework issues
5. Shareholder rights concerns

The company has emphasized its commitment to protecting stakeholder interests and maintaining the highest standards of corporate governance throughout this process.

Committee Reconstitution

Following these changes, Skyline Ventures has reconstituted its key committees:

Audit Committee

Now includes Mrs. Hannah Priyadarshini as a member, alongside existing members Mr. Ajay Kumar Giri (Chairman), Mr. Nikshit Hemendra Shah, and Mrs. Asha Mitta.

Stakeholders Relationship Committee

Mr. Anil joins as a member, with Mr. Ajay Kumar Giri as Chairman and Mr. Nikshit Hemendra Shah as a member.

Nomination and Remuneration Committee

Mr. Anil becomes a member, with Mr. Nikshit Hemendra Shah as Chairman and Mr. Ajay Kumar Giri as a member.

These strategic changes in Skyline Ventures India's leadership and governance structure reflect the company's proactive approach to addressing challenges and strengthening its operational framework. As the investigation unfolds and the new directors settle into their roles, stakeholders will be keenly watching how these developments impact the company's future direction and performance in the competitive IT and ITES sector.