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.

Skyline Ventures India Limited has announced a change in its board composition with the resignation of an Independent Director. The company has formally communicated this development to the stock exchange as part of its regulatory compliance obligations.

Director Resignation Details

Mr. Ajay Kumar Giri (DIN: 10254489) has tendered his resignation from the position of Independent Director of Skyline Ventures India Limited. The resignation became effective from December 29, 2025, with the director citing personal reasons for his departure from the board.

The key details of the resignation are presented below:

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015. The announcement was made to BSE Limited on December 30, 2025, in accordance with the requirements for reporting changes in Directors and Key Managerial Personnel.

The disclosure was made pursuant to Clause 7, Para A of Part A of Schedule III to the SEBI LODR regulations, read with the SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Formal Communication

Mr. Giri submitted his resignation through a formal email communication to the company. In his resignation message, he expressed appreciation for the opportunity to serve as part of the organization and extended wishes for the team's continued success.

The resignation letter was signed by Hannah Priyadarshini, Director (DIN: 10103528), on behalf of Skyline Ventures India Limited, and submitted to the BSE Limited's Listing Compliance Department for record purposes.