Corporate Action13 Mar 2026, 02:57 pm
Silicon Valley Infotech Ltd Approves Scheme for Reduction of Share Capital
AI Summary
Silicon Valley Infotech Ltd has announced the approval of a scheme for reduction of share capital by shareholders at the EGM held on 9th March 2026. The scheme, which was also approved by the Board of Directors, aims to reduce the company's share capital and list shares post reduction. The reduction of share capital is in accordance with Section 66 and other applicable sections of the Companies Act, 2013, and the National Company Law Tribunal (Procedure for Reduction of Share Capital of Company) Rules, 2016.
Key Highlights
- Silicon Valley Infotech Ltd has approved a scheme for reduction of share capital.
- The scheme was approved by shareholders at the EGM held on 9th March 2026.
- The reduction of share capital is in accordance with Section 66 and other applicable sections of the Companies Act, 2013.
- The scheme is also in line with the National Company Law Tribunal (Procedure for Reduction of Share Capital of Company) Rules, 2016.
- The company aims to reduce its share capital and list shares post reduction.