Silicon Valley Infotech Ltd

Financial results

• Board approved unaudited standalone results for quarter ended 30 June 2026, with Limited Review Report.

AGM & reporting

• AGM fixed for 28 September 2026 via VC/OAVM; annual report and notice to be dispatched.

Auditor observations

• Auditor notes: the company has not achieved NOF; management to achieve NOF and call EGM for capital increase.

Business structure

• Business is a single primary segment: Financial Services; Ind AS 108 reporting not applicable.

Availability of results

• Results available on company website and stock exchange portals.

Scheme Overview and Purpose

• Reduction of share capital by Silicon Valley Infotech Limited to write off accumulated losses (~Rs. 12.71 crore).
• Objective to reflect true financial position and facilitate future fundraising and business expansion.
• No payout to shareholders, no impact on creditors, and no transfer of assets or liabilities.

Key Terms and Structure

• Capital reduction under Section 66 of Companies Act, 2013, effective upon NCLT sanction and ROC filing.
• Requires shareholder special resolution and NCLT approval; not a related party transaction.

Financial Impact

• Paid-up capital reduced from Rs. 12.97 crore (12.97 crore shares) to Rs. 0.26 crore (25.93 lakh shares).
• Accumulated losses of Rs. 12.71 crore written off against share capital.
• Shareholding percentages remain unchanged post-reduction.
• Fractional shares consolidated and sold; proceeds distributed to shareholders.

Impact on Stakeholders

• Shareholders retain same percentage ownership; no cash payout; new shares issued post-reduction.
• Creditors’ rights and liabilities remain unaffected.
• No impact on employees or business operations; listing on BSE and CSE continues.

Status and Next Steps ️

• Scheme approved by Board and shareholders; pending NCLT sanction and ROC filing.
• New share certificates to be issued within 90 days post-effective date.

Capital Reduction Approval

• Special resolution approved for reduction of share capital at EGM on 09 March 2026.
• Promoters and directors were not interested or participating in the resolution.
• Resolution passed with 99.9999% votes in favor; opposition was 0.0001%.

Shareholding and Control Impact

• No change in promoter or public shareholding or control resulting from the capital reduction.

Board and Governance

• No changes to board or management reported related to this resolution.
• No additional governance or financial impacts disclosed.

EGM Details ️

• EGM held on 09 March 2026 at registered office, Kolkata, from 11:00 AM to 12:15 PM.
• Meeting chaired by Managing Director Santosh Kumar Jain with quorum present.

Resolutions Proposed

• One special resolution proposed: approval of re-arrangement of share capital.

Voting and Outcome

• Voting conducted via remote e-voting and electronic voting at the meeting.
• Voting results and any changes to shareholding or control not disclosed in this filing.

Purpose of EGM

• Approval of reduction of paid-up share capital of the company
• Restructure financial position by eliminating accumulated losses
• Consolidate share capital for long-term stability

Summary of Resolution

• Special resolution for reduction of share capital under Companies Act Section 66
• Cancel 12,70,86,400 equity shares of Re.1 each from paid-up capital
• Reduce paid-up capital from Rs. 12.97 crore to Rs. 25.94 lakh
• No cash payout to shareholders on capital reduction
• Accumulated losses of Rs. 12.71 crore set off against paid-up capital
• Promoters and directors have interest as shareholders

Voting Outcome

• Voting outcome not disclosed in the document

Impact on Shareholding

• Shareholding pattern remains unchanged post capital reduction
• Promoter holding remains at 2.74% pre and post reduction
• Public holding remains at 97.26% pre and post reduction

Utilisation of Funds

• No funds raised; capital reduction used to write off accumulated losses
• Improves balance sheet for future capital raising and debt financing

Board and Management Changes

• No change in management or promoter shareholding due to capital reduction

Other Governance and Financial Impact

• New equity shares post reduction to rank pari-passu with existing shares
• Company to comply with listing requirements on BSE and CSE post reduction
• Fractional shares consolidated and sold by trustee; proceeds distributed to shareholders
• Scheme subject to approval by NCLT and shareholders
• No impact on creditors or employees; operations to continue normally

Financial Performance 📊

• Revenue from operations was Rs 0.03 lakh in Q3 FY26, up from Rs 0.02 lakh in Q2 FY26.
• Total income declined to Rs 15.03 lakh in Q3 FY26 from Rs 36.91 lakh in Q2 FY26.
• Profit before tax was Rs 10.27 lakh in Q3 FY26, reversing a loss of Rs 7.12 lakh in Q2 FY26.
• Net profit after tax was Rs 10.27 lakh in Q3 FY26, compared to a loss of Rs 7.12 lakh in Q2 FY26.
• Employee benefit expense was Rs 4.31 lakh in Q3 FY26; finance costs and other expenses were minimal.
• Basic and diluted EPS was Rs 0.01 in Q3 FY26, versus a loss per share of Rs (0.01) in Q2 FY26.

Corporate & Compliance 🗓️

• Board approved Q3 FY26 results on 11th February 2026; statutory auditors completed limited review with no qualifications.

Business Model

• Operates in a single segment: Financial Services; segment reporting not applicable.

Financial Performance 📊

• Board approved unaudited standalone financial results for quarter and nine months ended 31 Dec 2025.
• Total income for quarter ended 31 Dec 2025 was Rs. 15.03 lakhs; net profit Rs. 10.27 lakhs.
• Net profit for nine months ended 31 Dec 2025 was Rs. 15.73 lakhs.
• Earnings per share for quarter was Rs. 0.01 (basic and diluted).
• No provision for tax made for the quarter; full year tax to be provided at year-end.
• Paid-up equity share capital remained Rs. 1,296.80 lakhs.

Audit and Compliance

• Results reviewed by Audit Committee and subjected to limited review by statutory auditors with no qualifications.
• No material regulatory, legal, or compliance issues disclosed.

Corporate Actions and Governance

• No dividends declared or other major financial decisions disclosed.
• No changes in directors, auditors, or key management personnel reported.

🗓️ Meeting Details

• Board meeting scheduled for 11 February 2026 at 3:00 P.M.

📊 Key Agenda Items

• Approval of unaudited financial results for quarter ended 31 December 2025.

Corporate Actions ️

• Board approved convening an Extraordinary General Meeting (EGM) on March 9, 2026, for capital reduction scheme approval.
• EGM will consider a Scheme of Reduction of Capital under Section 66 of the Companies Act, 2013.
• Remote e-voting period set from March 6, 2026, 9:00 a.m. to March 8, 2026, 5:00 p.m. IST for EGM resolutions.
• E-voting facility provided to shareholders as of March 2, 2026 (cut-off date).