Skyline Ventures India Limited has announced the withdrawal of a significant purchase order amidst complications with its Goods and Services Tax Identification Number (GSTIN). The company, which operates in the construction and interior works sector, faces a setback as it loses out on a contract worth over Rs. 1.2 crore.

Order Details and Cancellation

The purchase order, valued at Rs. 1,20,33,577.00, was initially received from Optimus Ventures Pvt. Ltd. on October 31, 2025. The scope of work included:

• Civil Works
• Interior Works
• Furniture Services

However, the order has been withdrawn due to the cancellation of Skyline Ventures' GSTIN. The company has been unable to reactivate their GSTIN as of the announcement date.

Timeline of Events

Impact and Implications

The cancellation of this order represents a significant loss for Skyline Ventures India Limited. The value of the withdrawn order, at over Rs. 1.2 crore, could have potentially boosted the company's revenue and project portfolio. This incident highlights the critical importance of maintaining proper tax registrations and compliance for businesses operating in India.

The company's inability to reactivate its GSTIN raises questions about potential regulatory challenges or administrative issues it may be facing. Shareholders and potential investors may need to closely monitor the situation for any further developments or explanations from the company management.

Regulatory Compliance

Skyline Ventures India Limited has made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed entities to disclose material events or information to the stock exchanges.

The company's prompt disclosure of this setback demonstrates its commitment to transparency with its stakeholders. However, the underlying issue of the cancelled GSTIN remains a concern that the company will need to address to prevent similar incidents in the future.

As the situation develops, stakeholders will be keen to see how Skyline Ventures India Limited resolves its GSTIN issues and mitigates the impact of this lost order on its business operations and financial performance.

Skyline Ventures India Limited has announced a significant business development. The company has secured a purchase order worth Rs 1,20,33,577 from Optimus Ventures Private Limited for a range of construction and interior works.

Contract Details

The company disclosed the following details about the contract in its regulatory filing:

Project Scope

The project involves the construction and furnishing of a Training Room Admin on the 1st Floor. Skyline Ventures India will be responsible for executing civil works, interior works, and providing furniture for the space.

Timelines

The purchase order, dated October 31, 2025, stipulates that the project must be completed within 75 working days from the date of the order. Skyline Ventures India confirmed the receipt of this order on November 5, 2025.

Regulatory Compliance

This announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's director, Hannah Priyadarshini, signed the regulatory filing.

This new contract represents a positive development for Skyline Ventures India Limited, potentially contributing to its revenue stream in the coming quarters.