Silicon Valley Infotech Ltd. Announces Extra-Ordinary General Meeting to Approve Share Capital Reduction
Silicon Valley Infotech Ltd. has called for an Extra-Ordinary General Meeting (EGM) to be held on 9th March 2026 at 11:00 AM at its registered office in Kolkata. The agenda of the meeting includes the approval of a Special Resolution for the reduction of the company's share capital. The proposed reduction is aimed at restructuring and optimizing the company's financial position, eliminating accumulated losses, and consolidating its share capital. The reduction will not involve any cash outflow or payout to members. The necessary accounting adjustments will be made in the company's books of accounts to reflect the impact of the reduction.
Key Highlights
- Silicon Valley Infotech Ltd. has called for an EGM on 9th March 2026
- The agenda includes the approval of a Special Resolution for the reduction of the company's share capital
- The proposed reduction aims to restructure and optimize the company's financial position
- The reduction will eliminate accumulated losses and consolidate the company's share capital
- The reduction will not involve any cash outflow or payout to members
Price Impact
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