Skyline Ventures India Ltd — Important, 28-10-2025: Company Update

The board has accepted the resignations of its Managing Director and Company Secretary, appointing an interim Compliance Officer. Shareholders holding 11.13% of the company have requisitioned an Extraordinary General Meeting, which the board has noted. A key contract with a vendor was cancelled following the MD's resignation and project team departures, leading to project derailment. Management is now authorized to recover unspent funds from this cancelled project. Additionally, the board approved repaying long-pending creditor dues to mitigate potential legal implications. This reflects significant leadership changes and operational adjustments.