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.

Skyline Ventures India Limited , a company listed on the Bombay Stock Exchange (BSE: 538919), is experiencing significant changes in its leadership structure and facing operational challenges, according to recent corporate disclosures.

Leadership Changes

The company has undergone major leadership transitions:

Mrs. Asha Mitta stepped down from her role as Managing Director citing personal reasons, while Ms. Srilekha Donthineni left her position as Company Secretary and Compliance Officer to pursue other professional opportunities. The board has appointed Mrs. Hannah Priyadarshini, currently serving as Whole-time Director, as the interim Compliance Officer until a new Company Secretary is appointed.

Operational Challenges

The company is facing operational setbacks following these leadership changes:

1. Contract Cancellation: Skyline Ventures has cancelled its contract with Verrkotech Solutions Private Limited. This decision was made due to the Managing Director's resignation and the departure of key project team members, which led to project derailment.

2. Financial Recovery Efforts: The board has authorized the management to approach contractors and vendors involved in the cancelled project to obtain refunds for any unspent amounts advanced by the company.

3. Creditor Payments: To avoid potential legal consequences, the board has approved the repayment of long-pending obligations to creditors.

Shareholder Action

In a significant development, two shareholders, Mr. Madhu Mohan Avalur and Mr. Balasubrahmanya Sarma Bhuvanagiri, who collectively hold an 11.13% stake in the company, have requisitioned an Extraordinary General Meeting (EGM) under Section 100 of the Companies Act, 2013. The board has authorized Mrs. Hannah Priyadarshini to take necessary actions regarding this requisition.

Looking Ahead

These developments suggest that Skyline Ventures India Limited is navigating through a period of transition and potential restructuring. The company's ability to manage these changes effectively, including the appointment of new leadership and the resolution of operational challenges, will be crucial for its future stability and growth.

Investors and stakeholders will likely be watching closely for further updates on the company's leadership appointments, the outcome of the requested EGM, and any strategic shifts that may result from these recent events.