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.

Skyline Ventures India Limited (ISIN: INE055Q01012) has issued a clarification regarding a recent service agreement filing with the Bombay Stock Exchange (BSE). The company has rectified an error in the client name that was mentioned in their previous announcement dated October 18, 2025.

Key Points of the Clarification

• Original Announcement Date: October 18, 2025
• Incorrect Client Name: Verkko Technologies Pvt. Ltd.
• Correct Client Name: Verrkotech Solutions Pvt. Ltd.
• Agreement Status: Single service agreement in force

Details of the Correction

The company emphasized that it has entered into only one service agreement, which is currently in effect with Verrkotech Solutions Pvt. Ltd. The clarification was necessary to address the erroneous mention of the client's name in the initial filing.

Official Statement

Hannah Priyadarshini, Director of Skyline Ventures India Limited, signed the clarification document. The company stated, "We wish to clarify that on 18.10.2025, the service agreement entered with Verrkotech Solutions Pvt. Ltd. was submitted with BSE. While informing the same to BSE, the name of the client was mentioned erroneously as Verkko Technologies Pvt. Ltd. and hence we re-submitted again immediately with correct name of the client i.e., Verrkotech Solutions Pvt. Ltd."

Company Information

This clarification serves to ensure accurate information is available to all stakeholders of Skyline Ventures India Limited. The company has taken prompt action to correct the error and maintain transparency in its corporate communications.