Skyline Ventures India Limited's Board of Directors made significant appointments during its meeting on January 09, 2026, focusing on strengthening the company's audit and compliance framework. The board approved the appointment of forensic auditors and secretarial auditors while authorizing various administrative measures to enhance corporate governance.

Forensic Auditor Appointment

The board appointed M/s. Sarath and Associates, Chartered Accountants (FRN: 005120S) as forensic auditors to undertake comprehensive examination of the company's operations. The forensic audit will focus on several critical areas:

About the Forensic Audit Firm

Sarath and Associates brings substantial expertise to this engagement, having been established in 1990 by founder partner Sri P. Sarath Kumar. The firm operates with its main office in Hyderabad and maintains branches across New Delhi, Mumbai, Chennai, Bangalore, and Vijayawada.

The firm's credentials include:

• Experience: 35 years in chartered accountancy practice
• Specialization: Forensic accounting and investigation matters
• Client Base: Public and private sector banks, SEBI, Economic Offences Wing of state police departments, CBI, resolution professionals, and corporate clients
• Notable Work: Founder partner participated in the Multi-Disciplinary Investigation Team for the Satyam Computers fraud case

The firm has conducted statutory audits of approximately 140 companies and various government entities, developing expertise across project financing, tax planning, systems and procedures study, and techno-economic consultancy.

Secretarial Auditor Appointment

The board also appointed M/s. GVR and Associates, Practicing Company Secretaries (FRN: P2016TL056400) as secretarial auditors for a five-year term from 2025-26 to 2029-30, ensuring compliance with Regulation 24A of SEBI LODR, 2015.

GVR and Associates specializes in corporate secretarial compliances, corporate law, FEMA/RBI matters, and Insolvency and Bankruptcy Code (IBC) issues. The firm's founder partner, Mr. Venka Reddy Bathina, is a senior Insolvency Professional with over 23 years of experience in corporate advisory, insolvency, and restructuring, particularly in real estate and infrastructure sectors.

Additional Board Authorizations

The board granted several important authorizations to facilitate smooth operations:

• Information Collection: Authority to collect information, documents, and login credentials from previous board of directors and management
• Statutory Compliance: Authorization to file necessary forms, returns, and documents with Registrar of Companies, GST, Income Tax, and other statutory authorities
• Legal Representation: Permission to engage and appoint legal counsel to represent and defend the company before appropriate legal forums

The board meeting commenced at 1:30 PM and concluded at 3:25 PM on January 09, 2026. These appointments and authorizations demonstrate the company's commitment to strengthening its governance framework and ensuring comprehensive compliance with regulatory requirements.

Skyline Ventures India Limited has filed comprehensive disclosure with BSE Limited regarding the outcomes of its Extraordinary General Meeting held on December 31, 2025. The company submitted the detailed regulatory filing on January 2, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

EGM Proceedings and Regulatory Filing

The EGM was convened by requisitionists under Section 100(4) of the Companies Act, 2013, following a loss of shareholder confidence in the existing Board of Directors. The meeting was conducted at Hotel Abode, Lakdikapul Road, Saifabad, Hyderabad at 11:00 AM IST through Video Conference and Other Audio Visual Means, with all proposed resolutions receiving shareholder approval.

Board Restructuring Details

The shareholders approved comprehensive board changes involving the removal of three existing directors and appointment of three new directors. The formal disclosure confirms all changes took effect from December 31, 2025, with the stated reason being loss of shareholder confidence in the previous board.

New Director Qualifications and Experience

Mr. Kantheti Phanindra Varma brings 20 years of global experience in project management, program management, customer success, product development, and business intelligence. He holds a Bachelor of Engineering in Computer Science from Madras University with certifications in AI, BI, enterprise applications, and database management. His achievements include scaling Oracle NetSuite Customer Success India team from 25 to 300 employees, delivering over 100 global customer engagements, and managing 70 projects at Oracle Hyderabad.

Mr. Madhu Mohan Avalur is a serial entrepreneur with 30 years of experience, holding M.Eng. in Industrial Engineering & Management from Asian Institute of Technology, Thailand, and B.Tech in Mechanical Engineering from Sri Krishnadevaraya University. He founded his first startup at age 23 in 1995, has established 12 companies, created multi-million dollar ventures, and distributed double-digit millions in dividends between 2008-2014.

Mr. Venkata Satya Subrahmanyam Mukkavalli contributes 30 years of experience in supply chain management, procurement, energy efficiency projects, and financial advisory services. He holds a Bachelor of Commerce degree and is a Post Graduate in Finance and Marketing Management. His notable projects include South-Central Railway implementation valued at ₹730.00 crore and fire safety implementations worth ₹400.00 crore for SCCL and Coal India Limited.

Regulatory Compliance Confirmation

The BSE filing includes detailed annexures providing comprehensive information about each director appointment and removal as required under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. All newly appointed directors have been confirmed as not debarred from holding office by SEBI or any other regulatory authority. The formal disclosure was digitally signed by Mr. Madhu Mohan Avalur as Director on January 2, 2026.