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.

Skyline Ventures India Limited has notified the BSE about its compliance with a National Company Law Tribunal (NCLT) order directing the company to supply documents to petitioners in ongoing insolvency proceedings. The compliance update was submitted on 23rd January 2026 under Regulation 30 of SEBI listing regulations.

NCLT Order Compliance Details

The NCLT Hyderabad Bench passed an order on 07.01.2026 in IA (CA) No. 330/2025 in CP No. 53/241/HDB/2025, directing Skyline Ventures India Limited to supply documents to the petitioners. The company has confirmed full compliance with this directive within the stipulated timeframe.

Background of Insolvency Proceedings

The document supply order relates to an insolvency petition filed by Raj Breeders & Hatcheries Private Limited, a financial creditor of Skyline Ventures India Limited. The petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 before the NCLT Hyderabad Bench and has been assigned case number CP (IB) No. 187/7/HDB/2025.

The applicant in the document supply case is an 11% shareholder in Skyline Ventures India Limited who sought access to petition documents. The NCLT recognized the shareholder's right to obtain copies of the petition, documents, and annexures related to the insolvency proceedings.

Documents Supplied

Skyline Ventures India Limited has shared comprehensive documentation as directed by the tribunal. The supplied materials include:

• Relevant petition(s) and orders
• Annexures and supporting documents
• Complete CP (IB) No. 187/7/HDB/2025 filing under Section 7 of IBC 2016
• All associated annexures and documents

Case Timeline and Next Steps

The insolvency proceedings have been progressing through various stages since the initial filing. The case was listed on 17.11.2025 when notice was ordered, and the matter has been scheduled for the next hearing on 12.02.2026 before the NCLT Hyderabad.

The company has maintained transparency by promptly informing the stock exchange about the compliance with the tribunal's directions, ensuring adherence to regulatory disclosure requirements under SEBI listing obligations.