Directors Report of Skyline Ventures India Ltd.

Mar 31, 2024

Your directors have pleasure in presenting before you the 36th Board''s Report on the Company''s business and operations,
together with the audited financial statements (standalone) for the financial year ended March 31, 2024.

Financial performance

In compliance with the provisions of the Companies Act, 2013 (''Act''), and SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (''Listing Regulations'') the Company has prepared its financial statements as per Indian
Accounting Standards (''Ind AS'') for the FY 2023-24. The financial highlights of the Company''s standalone operations are as
follows:

(Amount in '' Lakhs)

Particulars	2023-24	2022-23
Total Income	Nil	Nil
Total Expenditure	61.97	2.36
Profit before Tax	(61.97)	(2.36)
Provision for Tax	(0.03)	0.06
Profit after Tax	(61.93)	(2.42)
Transfer to General Reserve	--	--
Profit available for appropriation	--	--
Provision for Proposed Dividend	--	--
Provision for Corporate Tax	--	--

Performance
a) Operations

The total revenue of the Company for the financial year ended March 31, 2024 was '' Nil Lakhs as compared to the previous
year''s total revenue of '' Nil Lakhs. During this financial year the Company has incurred a net loss of '' 61.93 Lakhs as against
the previous year''s net loss of '' 2.42 Lakhs.

Change in the nature of business

There was no change in nature of the business of the Company during the financial year ended on March 31, 2024.

Share Capital

During the F.Y. 2023-24, the authorised share capital of the Company is '' 10,00,00,000/- (Rupees Ten Crores Only) divided into
1,00,00,000 (One Crore) equity shares of '' 10/- (Rupees Ten Only) each.

The paid-up share capital of the Company is '' 3,96,66,680/- (Rupees Three Crores Ninety-Six Lakhs Sixty-Six Thousand Six
Hundred and eighty only) divided into 39,66,668 (Thirty-nine lakhs sixty-six thousand six hundred and sixty-eight) equity
shares of '' 10/- (Rupees Two Only) each.

There were no changes in authorized and paid-up share capital of the Company during the year under review.

Transfer to reserves

For the financial year ended March 31, 2024, the Company has not transferred any amount to General Reserves and Surplus
Account.

Dividend

The Company has not declared any dividend during the year.

Buy Back of shares and disinvestment

The Company has not bought back any of its securities and there was no disinvestment during the Financial Year ended March
31, 2024.

Indian Accounting Standards (Ind AS)

The Company has adopted Indian Accounting Standards (Ind AS) with effect from April 1, 2017 pursuant to Ministry of
Corporate Affairs'' notification of the Companies (Indian Accounting Standards) Rules, 2015. The standalone financial
statements of the Company, forming part of the Annual Report, have been prepared and presented in accordance with all
the material aspects of the Indian Accounting Standards (''Ind AS'') as notified under section 133 of the Companies Act 2013
read with the Companies (Indian Accounting Standards) Rules 2015 (by Ministry of Corporate Affairs (''MCA'')) and relevant
amendment rules issued thereafter and guidelines issued by the Securities Exchange Board of India ("SEBI").

Transfer of unclaimed Dividend(s)/ Shares to Investor Education and Protection Fund

During the FY 2023-24, there was no unpaid / unclaimed dividend pertaining to FY 2015-16 to be transferred to the Investors
Education and Protection Fund (''IEPF'') Account established by the Central Government.

Pursuant to the provisions of Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund)
Rules, 2016, as amended, the shares on which dividend remains unpaid / unclaimed for seven consecutive years or more shall
be transferred to the Investor''s Education and Protection Fund (''IEPF'') after giving due notices to the concerned shareholders,
which is not applicable to the Company during the year.

Unclaimed securities demat suspense account

There were no unclaimed securities to be kept in the demat suspense account.

Deposits

The Company has not accepted any deposits from public in terms of Section 73 of the Companies Act, 2013 and as such, no
amount on account of principal or interest on public deposits was outstanding as on the date of the balance sheet for the FY
2023-24.

Significant and material orders passed by the regulators

During the FY 2023-24, there were no significant and material orders passed by the regulators or courts or tribunals impacting
the going concern status and Company''s operations in future.

Material changes and commitments

There were no material changes and commitments, affecting the financial position of the Company between the end of the
financial year March 31, 2024 to which the financial statements relates and the date of signing of this report.

Board of Directors

During the start of the FY 2023-24, the following are the Directors on the Board of the Company

S1.No.	Name of the Director	din	Designation
1	Mr Naga Visweswara Rao L	03623325	Executive Director
2	Mr Rahamath Kasim Akaveeti	07554232	Independent Director
3	Mr Nayabrasool Akaveeti	07658201	Independent Director
4	Mrs. Srivenkata Laxmi Padmaja L	07751864	Non-executive Director
5	Mr Rajasekhar Garapati	01449217	Independent Director
6	Mr Madhu Mohan Avalur	05201903	Managing Director
7	Mr Venkata Kanaka Durga Prasad Bandaru	06632330	Independent Director
8	Mr CH D V V Prasad	00480361	Independent Director

Mr Nayab Rasool Akaveeti and Mr Rahamath Kasim Akaveeti resigned from the Board on August 14, 2023. Mr. Rajesekhar
Garapati tenure was completed on September 15, 2023 and relieved from the office. Mr Venkata Kanaka Durga Prasad Bandaru
and Mr CH D V V Prasad tenure was completed on September 16, 2023 and relieved from the Office. Mr Madhu Mohan Avalur
tenure was completed on September 14, 2023 and relieved from the office. The board placed vote of appreciation for their
services during their tenure.

The Board of Directors in its meeting held on May 29, 2023 had appointed Mr Prashanth Mitta (DIN: 02459109) as Whole-time
Director in Additional Director category and on August 14, 2023 had appointed Mr. Nikshit Hemendra Shah (DIN: 07910462)
and Mr Ajay Kumar Giri (DIN: 10254489) as Additional Directors in the Independent Director category who were appointed
by the members in their 36th AGM of the Company.

Further, after the end of FY 2023-24, Mr Naga Visweswara Rao L and Mrs Srivenkata Laxmi Padmaja L resigned from their
office w.e.f. July 17, 2024 and the Board took note of the same with a note of appreciation.

Upon recommendations of the Nomination and Remuneration Committee in its meeting held on July 17, 2024, the Board of
Directors in its meeting held on July 17, 2024, appointed Mrs. Asha Mitta as Managing Director of the Company for a period
of three years subject to the approval of members and upon the request of Mr Prashanth Mitta, his designation was changed
from Whole-time Director to Non-executive Director of the Company w.e.f. July 17, 2024 for a period of five years subject to
approval of the members. The Board recommends their appointment for the approval of the members of the Company.

As on the date of Boards Report i.e. August 08, 2024, the board of directors of the Company consists of the following directors:

S1.No.	Name of the Director	din	Designation
1	Mrs Asha Mitta	09195662	Managing Director
2	Mr Prashanth Mitta	02459109	Non-executive Director
3	Mr Nikshit Hemendra Shah	07910462	Independent Director
4	Mr Ajay Kumar Giri	10254489	Independent Director

Key Managerial Personnel

During the FY 2023-24, the Company is having the following KMPs

1. Mr Madhu Mohan Avalur - Managing Director¹

2. Mr Prashanth Mitta - Whole time Director²

3. Mr Naga Visweswara Rao L - Whole time Director³

4. Mr Naga Visweswara Rao L - Chief Financial Officer⁴

5. Mr Krishna Mohan Reddy Gorantampalli - Company Secretary⁵

6. Mrs. Asha Mitta - Managing Director⁶

¹ Mr Madhu Mohan Avalur was relieved w.e.f. September 14, 2023.

² Mr Prashanth Mitta was appointed w.e.f. August 14, 2023 and later designation was changed to non-executive director w.e.f.
July 17, 2024.

³ Mr Naga Visweswara Rao was resigned w.e.f. July 17, 2024.

⁴ Mr Naga Visweswara Rao was resigned w.e.f. July 17, 2024.

⁵ Mr Krishna Mohan Reddy Gorantampalli was appointed w.e.f. May 01, 2023.

⁶ Mr Asha Mitta was appointed w.e.f. July 17, 2024.

Declaration by the Independent Directors

The Company has received declarations from all independent directors of the Company confirming that they continue to
meet the criteria of independence, as prescribed under Section 149 of the Companies Act, 2013, rules made there under and
SEBI LODR Regulations. The Independent Directors have also confirmed that they have complied with the Company''s code
of conduct.

Policy on Directors'' appointment and remuneration and other details

The Board has, on the recommendation of the Nomination and Remuneration Committee framed a policy for selection and
appointment of Directors and Senior Management personnel and fix their remuneration. The detailed policy is available on
the Company''s website at www.slvdigital.in.

Annual Board Evaluation

The board of directors has carried out an annual evaluation of its own performance, board committees and individual directors
pursuant to the provisions of the Act and the corporate governance requirements as prescribed by Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements), Regulations 2015 ("SEBI Listing Regulations").

The performance of the board was evaluated by the board after seeking inputs from all the directors on the basis of the criteria
such as the board composition and structure, effectiveness of board processes, information and functioning, etc.

The performance of the committees was evaluated by the board after seeking inputs from the committee members on the basis
of the criteria such as the composition of committees, effectiveness of committee meetings, etc.

The board and the nomination and remuneration committee reviewed the performance of the individual directors on the basis
of the criteria such as the contribution of the individual director to the board and committee meetings like preparedness on the
issues to be discussed, meaningful and constructive contribution and inputs in meetings, etc. In addition, the chairman was
also evaluated on the key aspects of his role.

In a separate meeting of independent directors, performance of non-independent directors, performance of the board as a
whole and performance of the chairman was evaluated, taking into account the views of executive directors and non-executive
directors. The same was discussed in the board meeting that followed the meeting of the independent directors, at which the
performance of the board, its committees and individual directors was also discussed. Performance evaluation of independent
directors was done by the entire board, excluding the independent director being evaluated.

Criteria for Performance Evaluation:

a. Ability of the candidates to devote sufficient time and attention to his professional obligations as Independent Director
for informed and balanced decision making.

b. Adherence to the Code of Conduct in letter and in spirit by the Independent Directors.

c. Bringing objectivity and independence of view to the Board''s discussions in relation to the Company''s strategy,
performance, and risk management

d. Statutory Compliance and ensuring high standards of financial probity and Corporate Governance

e. Responsibility towards requirements under the Companies Act, 2013, Responsibilities of the Board and accountability
under the Director''s Responsibility Statement.

Familiarisation Programme

A handbook covering the role, functions, duties and responsibilities and the details of the compliance requirements expected
from the Directors under the Act, and relevant Regulations of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 were given and explained to the new Directors.

The newly appointed Directors are given induction and orientation with respect to Company''s Vision, Core purpose, Core
Values and Business operations. In addition, detailed presentations are made by Senior Management Personnel on business
environment, performance of the Company at every Board Meeting.

The above initiatives help the Directors to understand the Company, its business and the regulatory framework in which the
Company operates and enables the Directors to fulfil their role/responsibility.

Details of Familiarization Programme for the Independent Directors are uploaded on the website of the Company at www.
slvdigital.in.

Particulars in respect of conservation of energy, technology absorption, foreign exchange earnings and outgo

The information on Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and outgo required to be
disclosed under Section 134(3)(m) of the Companies Act, 2013, read with Rule 8 of the Companies (Accounts) Rules, 2014 are
provided in the Annexure-I forming part of this Report.

Subsidiary, Associate and Joint Venture Companies

The Company doesn''t have neither subsidiary, associate nor joint ventures companies during the year under review.
Performance and financial position of each of the subsidiaries, associates and joint ventures:

As per Rule 8 of Companies (Accounts) Rules, 2014, a Report on the performance and financial position of each of the
subsidiaries, associates and joint venture companies of the Company is not applicable.

Related party transactions

All transactions entered with Related Parties for the year under review were on arm''s length basis and in the ordinary course
of business. There were no materially significant related party transactions made by the Company with Promoters, Directors,
Key Managerial Personnel or other designated persons which may have a potential conflict with the interest of the Company
at large. All Related Party Transactions were placed before the Audit Committee and also the Board for approval, where ever
required. Prior omnibus approval of the Audit Committee was obtained for the transactions which are of a foreseeable and
repetitive nature. A statement giving details of all related party transactions entered into pursuant to the omnibus approval so
granted were placed before the Audit Committee and the Board of Directors on a quarterly basis. The Company has developed
a Policy on Related Party Transactions for the purpose of identification and monitoring of such transactions. The policy on
Related Party Transactions as approved by the Board is uploaded on the Company''s website www.slvdigital.in.

The particulars of contracts or arrangements with related parties referred to in sub-section (1) of section 188 is prepared
in Form AOC-2 pursuant to clause (h) of the Companies (Accounts) Rules, 2014 and the same is annexed herewith as
Annexure-III to this Report.

Statement of Particulars of Appointment and Remuneration of Managerial Personnel/ employees:

Information required pursuant to Section 197 (12) of the Companies Act, 2013 read with Rule 5 of The Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014 is provided along with a statement containing, inter alia, names
of employees employed throughout the financial year and in receipt of remuneration of Rs. 102 lakhs or more, employees
employed for part of the year and in receipt of Rs. 80.50 lakhs or more per annum, pursuant to Rule 5(2) the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014 is provided as Annexure-IV to this report.

Statutory Auditors

M/s. NSVR & Associates LLP., Chartered Accountants (Firm Registration No. .008801S/S200060) were appointed as Statutory
Auditors of the Company at the 31st AGM held, for a term of 5 (Five) consecutive years to conduct the audit of F.Y. 2020 to
2024. Their tenure will complete at the 36th AGM of the Company.

Based on the experience and competency of the Auditors, requirement of the Company and other relevant aspects and on the
recommendation of Audit Committee, Board of Directors (''the Board'') at their meeting held on August 08, 2024 recommended
the appointment M/s. K S Rao & Associates, Charted Accountants, (Firm Registration No. 012055S) as a Statutory Auditor
of the Company for a term of 5 (Five) consecutive years commencing from F.Y. 2024-25 to 2028-29, for the approval of
shareholders at ensuing Annual General Meeting in place of retiring auditors M/s. NSVR & Associates LLP., Chartered
Accountants. The Auditors have confirmed that they are eligible for appointment and their appointment, if made, would be
within the prescribed limits and shall be in accordance with the conditions and criteria as prescribed under section 139, 141
and other applicable provisions of the Act and Rules made thereunder and board confirmed their eligibility under the relevant
provisions of Chapter X of the Companies Act, 2013 and rules made thereunder.

The requirement to place the matter relating to appointment of auditors for ratification by Members at every AGM has been
done away by the Companies (Amendment) Act, 2017 with effect from May 07, 2018.

Auditors'' Report

(a) Statutory Auditors Report

The board of directors in its meeting held on May 30, 2024 duly reviewed the Statutory Auditor''s Report on the Accounts
for the year ended March 31, 2024 and has noted there were no qualifications/ emphasis of the matter and hence no
management replies were required to be given.

(b) Internal Auditors

During the year under review, the Company has appointed M/s. SR & Associates, Cost Accountants, Hyderabad as
internal auditors to review internal controls and operating systems and procedures as per the scope of audit.

The Board of Directors, on recommendation of the Audit Committee appoints/re-appoints the Internal Auditors of your
Company every year in compliance with Section 138 of the Act read with the Companies (Accounts) Rules, 2014.

(c) Cost Auditors

Pursuant to the rules made by the Central Government under sub-section (1) of Section 148 of the Act, the maintenance
of cost records is not applicable to the company for the year under review.

(d) Cost Audit Records

Appointment of Cost Auditors is not applicable as the turnover is less than applicable limit and hence maintenance of
cost records was not applicable to the Company.

(e) Secretarial Auditors and their Report

The Board has appointed Mr Y Ravi Prasada Reddy proprietor of M/s. RPR & Associates, Practising Company
Secretaries as Secretarial Auditors of the Company for the financial year ended March 31, 2024 who had given their
consent and eligibility to act as the Secretarial Auditors of the Company.

The Secretarial Audit for the financial year ended March 31, 2024, was carried out by M/s. RPR & Associates, Practicing
Company Secretaries. The Report given by the Secretarial Auditors in Form MR-3 is annexed as Annexure-V and forms
integral part of this Report.

The board of directors in its meeting held on August 08, 2024 duly reviewed the Secretarial Auditor''s Report for the
year ended March 31, 2024 and has noted the following qualifications/ observations/ deviations together with the
management replies:

Secretarial Auditors Qualifications in the Secretarial Audit Report	Management Replies
Delay in compliance with various regulations of SEBI LODR	The Company complied/ will be complied with the requirement of said regulations and reason for the delay is the Company was suspended from trading for the past few years and got the revocation of suspension in trading of the shares from the BSE w.e.f. June 11, 2024.
Delay in compliance of Section 203(1) of the Companies Act, 2013 with respect to appointment of Company Secretary during the FY 2023-24.	The Company appointed the Company Secretary w.e.f. May 01, 2024.

Pursuant to Regulation 34(3) and Schedule V Para C clause (10)(i) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 Company has obtained a certificate on non-disqualification of directors from Mr Y Ravi Prasada Reddy,
(Membership No.: FCS 5783), Proprietor of M/s. RPR & Associates, Practicing Company Secretaries (PCS Registration No.
5360) which is annexed as Annexure-VI and forms integral of this Report.

The Board in its meeting held on May 30, 2024 appointed Ms Sharada Putcha, Practising Company Secretary as Secretarial
Auditor of the Company for the FY 2024-25.

Corporate Social Responsibility (CSR)

Since the Company did not have profits (average net profits for the last three financial years), it was not obligated to contribute
towards CSR activities during FY 2023-24. However, the Company is committed to build its CSR capabilities on a sustainable
basis and undertake CSR activities as and when the opportunity arises.

The Annual Report on Corporate Social Responsibility u/s 135 of the Companies Act, 2013 is not required to be given as the
Company was not required to contribute towards CSR activities during FY 2023-24.

Management Discussion and Analysis Report

In terms of the provisions of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 as amended from time
to time, the Management''s Discussion and Analysis for the year ended march 31, 2024 is annexed hereto as Annexure-VII and
forms integral of this Report.

Corporate Governance

Corporate governance is an ethically driven business process that is committed to values aimed at enhancing an organization''s
brand and reputation. This is ensured by taking ethical business decisions and conducting business with a firm commitment
to values, while meeting stakeholders'' expectations. It is imperative that your company''s affairs are managed in a fair and
transparent manner. This is vital to gain and retain the trust of the stakeholders.

Company is having paid up equity share capital of Rs. 3,96,66,680 which is not exceeding Rs.10 crore and Net worth is Rs.
294.22 Lakhs which is not exceeding Rs.25 crore, as on the last day of the financial year 2023-24. Hence the provisions of
Regulations 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27 and clauses (b) to (i) of sub-regulation 2 of Regulation 46 and para C, D & E
of Schedule V of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015,
are not applicable to the Company.

Auditors'' certificate on Corporate Governance

As required by SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the auditor''s certificate on corporate
governance regarding the compliance of conditions forms integral of this Report.

Risk Management

During the year, the risk assessment parameters were reviewed. The audit committee reviewed the element of risks and the
steps taken to mitigate the risks. In the opinion of the Board, there are no major elements of risk which have the potential of
threatening the existence of the Company.

The audit committee provides the framework of Risk Management by describing mechanisms for the proactive identification
and prioritization of risks based on the scanning of the external environment and continuous monitoring of internal risk
factors.

Analysis of the risks identified is carried out by way of focused discussion at the meetings of the Board. The robust governance
structure has also helped in the integration of the Enterprise Risk Management process with the Company''s strategy and
planning processes where emerging risks are used as inputs in the strategy and planning process. Identified risks are used as
one of the key inputs in the strategy and business plan.

Internal Financial Control Systems and their adequacy

The Company has an Internal Control System, commensurate with the size, scale and complexity of its operations.

Various Audit Systems in the Company monitors and evaluates the efficacy and adequacy of internal control system in the
Company, its compliance with operating systems, accounting procedures and policies of the Company. Based on the audit
reports, Company undertakes corrective actions in respective areas and strengthens the control. Significant audit observations
and corrective actions thereon are presented to the Audit Committee of the Board periodically.

The Board of Directors of the Company have adopted various policies like Related Party Transactions policy, Whistle Blower
Policy and such other procedures for ensuring the orderly and efficient conduct of its business for safeguarding its assets,
the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely
preparation of reliable financial information. The details in respect of internal financial control and their adequacy are included
in the management discussion & analysis, which forms part of this report.

Consolidated financial statements

Not applicable since there are no subsidiary nor associate companies during the year under review.

Listing of Company''s Equity Shares

The Company''s Equity shares were listed with M/s. BSE Limited (Stock Exchange). Due to non-compliance with SEBI
LODR regulations, the trading in shares of the Company was suspended by the BSE from February 18, 2022 with six months
permitting one day trading in a week and permanently suspended from September 06, 2022. After ensuring all the necessary
compliances, the Company had applied for revocation of suspension in trading and the BSE has granted the approval for
revocation of suspension in trading in the shares of the Company w.e.f. June 11, 2024.

The Company has paid the Annual Listing Fees to the said Stock Exchange for the Financial Year 2024-25.

Whistle blower Policy

The Company has adopted a Whistle-blower Policy to provide a formal mechanism to the Directors, Employees and its
Stakeholders to report their concerns about unethical behaviour, actual or suspected fraud or violation of the Company''s
Code of Conduct. Protected disclosures can be made by a whistle-blower through several channels.

The Policy provides for adequate safeguards against victimisation of employees who avail of the mechanism and also provides
for direct access to the Chairperson of the Audit Committee. No personnel of the Company have been denied access to the
Audit Committee.

The Whistle-blower Policy also facilitates all employees of the Company to report any instance of leak of Unpublished Price
Sensitive Information. The Policy is also posted on the website of the Company at www.slvdigital.in.

36^th Annual Report 2023 - 2024

Reporting of Fraud

During the year under review, the Statutory Auditors, Internal Auditors and Secretarial Auditors have not reported any
instances of frauds committed in the Company by its Officers or Employees, to the Audit Committee under Section 143(12) of
the Act, details of which need to be mentioned in this Report.

Declaration as per Section 134(3) of the Companies Act, 2013

During the year, the statutory auditors and secretarial auditors have not reported any instances of frauds committed by or
against the Company by its Directors/ Officers/ Employees to the Audit Committee or Board under section 143(12) of the
Companies Act, 2013 and rules made thereof. Therefore, no details are required to be disclosed under Section 134 (3) (ca) of
the Act.

Annual Return

As required under section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration)
Rules, 2014 (as amended), a copy of the Annual Return of the Company for the FY 2023-24 will be placed on the website of the
Company at www.slvdigital.in.

Prevention of Sexual Harassment of Women at Workplace

The Company has adopted policy on Prevention of Sexual Harassment of Women at Workplace in accordance with The
Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. The internal complaints
committee was duly constituted as required. During the financial year ended March 31, 2024, the Company has not received
any Complaints pertaining to Sexual Harassment.

Particulars of Loans, Guarantees or Securities or Investments

During the year under review, the Company had not given any loans, guarantees, securities or made any investment.
Managing Director (MD) & Chief Financial Officer (CFO) Certification

The Whole-time Director and The Chief Financial Officer of the Company have given annual certification on financial reporting
and internal controls to the Board in terms of Regulation 17(8) of the SEBI (Listing Obligation & Disclosure Requirements)
Regulation, 2015 for the FY 2023-24.

They had also given quarterly certification on financial results while placing the quarterly results before the Board in terms of
Regulation 33(2)(a) of the SEBI (Listing Obligation & Disclosure Requirements) Regulation, 2015.

The annual certificate given by the Whole-time Director & Chief Financial Officer of the Company forms integral part of this
report.

Meetings of the Board of Directors and its Committees during the Financial Year 2023-24

During the year under review, the Board convened Four meetings. The dates of the Four meetings are May 29, 2023, August
14, 2023, November 14, 2023 and February 14, 2024.

The intervening gap between any two meetings was within the prescribed period and proper quorum was present for all the
board and committee meetings held during the year under review.

All the recommendations made by committees of the Board including the Audit Committee were accepted by the Board.

Committees of the Board

The Composition of Audit Committee, Nomination & Remuneration Committee and Stakeholders Relationship Committee
are duly complied as per the SEBI LODR Regulations and the Companies Act, 2013.

Nomination and remuneration policy

The Board has, on the recommendation of the Nomination & Remuneration Committee, framed a policy which lays down
a framework in relation to selection, appointment and remuneration to Directors, Key Managerial Personnel and Senior
Management of the Company. The details of Nomination and Remuneration Committee and Policy are stated in the Corporate
Governance Report.

Human Resources

The management believes that competent and committed human resources are vitally important to attain success in the
organisation. In line with this philosophy, utmost care is being exercised to attract quality resources and suitable training
is imparted on various skillsets and behaviour. Various initiatives were undertaken to enhance the competitive spirit and
encourage bonding teamwork among the employees, which resulted to uninterrupted operations of the Company and could
achieve the targeted growth in the performance of the Company.

Insurance

All properties and insurable interests of the Company including buildings, plant and machinery and stocks have been fully
insured.

Revision of Financial Statements

There was no revision of the financial statements for the year under review
Compliance with SEBI (LODR) regulations, 2015

In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Company has signed
uniform listing agreement with M/s. BSE Limited and framed the required policies which are available on Company''s website

i.e., www.slvdigital.in.

V Board Diversity Policy

V Policy on preservation of Documents

V Risk Management Policy

V Whistle Blower Policy

V Familiarisation programme for non-executive directors

V Sexual Harassment Policy

V Policy on related party transactions

V Code of Conduct and Ethics

V Nomination and Remuneration Policy

V Policy to determine materiality

V Code for prohibition of insider trading

V Code of fair disclosure

Non-Executive Directors Compensation and disclosures

None of the Independent / Non-Executive Directors has any pecuniary relationship or transactions with the Company which
in the Judgment of the Board may affect the independence of the Directors. The details of sitting fee paid were given in the
Report on corporate governance.

Industry based disclosure

The Company is not a NBFC, Housing Companies etc., and hence Industry based disclosures is not required.

Event based disclosure

1. Issue of sweat equity share: The Company has not issued any sweat equity shares during the year under review and
hence no information as per provisions of Section 54(1)(d) of the Act read with Rule 8(13) of the Companies (Share
Capital and Debenture) Rules, 2014.

2. Issue of shares with differential rights: The Company has not issued any shares with differential rights and hence no
information as per provisions of Section 43(a)(ii) of the Act read with Rule 4(4) of the Companies (Share Capital and
Debenture) Rules, 2014.

3. Issue of shares under employee''s stock option scheme: The Company has not issued any equity shares under
Employees Stock Option Scheme during the year under review and hence no information as per provisions of Section
62(1)(b) of the Act is required to be given.

4. Disclosure on purchase by company or giving of loans by it for purchase of its shares: The Company did not purchase
or give any loans for purchase of its shares.

5. Preferential Allotment of Shares: The Company has not issued any equity shares on preferential basis to the promoters
and non-promoters during the year under review.

Employees Stock Options

No employee was issued Stock Option, during the year equal to or exceeding 1% of the issued capital of the Company at the
time of grant.

Directors'' responsibility statement

Pursuant to the requirement under Section 134 of the Companies Act, 2013 with respect to the Directors'' Responsibility
Statement, the Board of Directors of the Company hereby confirms:

i. In the preparation of the annual accounts, the applicable accounting standards have been followed along with proper
explanation relating to material departures;

ii. Such accounting policies as mentioned in the notes to the financial statements have been selected and applied
consistently and judgments and estimates that are reasonable and prudent made so as to give a true and fair view of
the state of affairs of the Company at the end of the financial year 2023-24 and of the statement of profit of the Company
for that period;

iii. Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the
provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting
fraud and other irregularities;

iv. The annual accounts for the year 2023-24 have been prepared on a going concern basis.

v. Those proper internal financial controls were in place and that the financial controls were adequate and were operating
effectively.

That, a system to ensure compliance with the provisions of all applicable laws were in place and were adequate and operating
effectively.

Appreciation

The board wish to place on record its appreciation to employees at all levels for their hard work, dedication and commitment.
The enthusiasm and unstinting efforts of the employees have enabled the Company to stream line all the pending compliances
and thereby to have a fresh start for the Company.

Cautionary Statement

Statements in this Report, particularly those which relate to Management Discussion and Analysis as explained in the
Corporate Governance Report, describing the Company''s objectives, projections, estimates and expectations may constitute
''forward looking statements'' within the meaning of applicable laws and regulations. Actual results might differ materially
from those either expressed or implied in the statement depending on the circumstances.

Acknowledgement

The board take this opportunity to place on record their sincere thanks to the suppliers, customers, strategic partners, Banks
and Financial Institutions, Insurance Companies, Central and State Government, Indian Railways, stakeholders and the
shareholders for their support and co-operation extended to the Company from time to time. The board is pleased to record
its appreciation of the sincere and dedicated services of the employees and workmen at all levels.

By order of the Board

For Skyline Ventures India Limited

Asha Mitta Prashanth Mitta

Date: August 08, 2024 Managing Director Director

Place: Hyderabad DIN: 09195662 DIN: 02459109

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Mar 31, 2015

Dear Shareholders,

The Directors have pleasure in presenting the 27th Annual Report of Skyline Ventures India Limited (the Company) together with the Audited accounts for the financial year ended 31st March 2015.

FINANCIAL RESULTS

The performance of your company for the year under review is summarized below:

During the year under review, your Company has recorded a gross total income of Rs. 368,737,079/- form commercial operations and recorded a net Profit of Rs. 1,095,327/-.

OPERATIONS:

During the financial year 2014-15, your Company has achieved Rs.368,737,079 revenue from operations. The Company has earned total income from sales and services of Rs. 368,737,07 during the financial year 2014-15 compared to 18,403,832 in 2013-14.

DIVIDEND:

The Board of directors does not recommend any dividend for the year as at 31st March 2015.

STATUTORY AUDITORS:

The shareholders in their meeting held on 19th June 2014 approved the appointment of M/s. P.S. Nagaraju & Co, Chartered Accountants, Hyderabad, as the Statutory Auditors of the Company to hold office till the conclusion of 28th Annual General Meeting subject to ratifcation of shareholders in every Annual General Meeting. Accordingly, a resolution seeking Members' ratifcation on appointment of M/s. P.S. Nagaraju & Co, Chartered Accountants, Hyderabad, as the Statutory Auditors of the Company for the financial year 2015-16 is included at Item No.3 of the Notice convening the Annual General Meeting. As required under Clause 49 of the Listing Agreement.

SECRETARIAL AUDITOR:

P.S.Rao & Associates, Practicing Company Secretaries, was appointed to conduct the secretarial audit of the Company for the inancial year 2014-15, as required under Section 204 of the Companies Act, 2013 and Rules there-under. The secretarial audit report for FY 2014-15 forms part of the Annual Report as Annexure B to the Board's report. The Board has appointed P.S.Rao & Associates, Practicing Company Secretaries, as secretarial auditors of the Company for the financial year 2015-16. Secretarial Audit Report is annexed herewith as Annexure I.

DIRECTORS:

The Board of Directors have appointed Jyothi Gutta , L Harish as an Additional Director of the Company who holds office till the ensuing Annual General Meeting. The Board, based on the recommendation of Nomination and Remuneration Committee considered the appointment of Jyothi Gutta , L Harish as an Independent Director subject to approval of shareholders. Accordingly a resolution seeking approval of shareholders for his appointment as an Independent Director for a period of five years is included at Item No.4 and 5 of the Notice convening the Annual General Meeting.

In accordance with the provisions of Section 152 of the Companies Act, 2013, Sri Rajasekhar Garapati (DIN: 01449217 ), Director of the Company retires by rotation and being eligible, has ofered himself for re-appointment.

Every Independent Director, at the frst meeting of the Board in which he participates as a Director and thereafter at the frst meeting of the Board in every financial year, gives a declaration that he meets the criteria of independence as provided under the Companies Act, 2013.

REPLIES To QUALIfICATIoN MADE BY SECRETARIAL AUDIToRS:

Qualifcation No.1: Company has not appointed Chief Financial officer of the Company as per the provisions of Section 203 of the Companies Act, 2013 and Rule 8 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 for the Financial year 2014-15.

Reply: The Board of directors had initiated to appoint Chief Financial officer of the Company of the Company and the same is still in process, once we fnd the suitable professional candidate, we will complete the formalities for the appointment of the same.

PARTICULARS of LoANS, GUARANTEES oR INVESTMENTS:

Details of Loans, Guarantees and Investments covered under the provisions of Section 186 of the Companies Act, 2013 are given in the notes to the Financial Statements.

fIXED DEPoSITS:

your Company has not accepted any fxed deposits and as such no principal or interest was outstanding as on the date of the Balance sheet.

DISCLoSURE AS PER SEXUAL HARRASSMENT of WoMEN AT WoRKPLACE (PREVENTIoN, PRoHIBITIoN AND REDRESSAL) ACT, 2013:

The Company has zero tolerance for sexual harassment at workplace and has adopted a policy on prevention, prohibition and redressal of sexual harassment at workplace in line with the provisions of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the rules framed there under.

CoRPoRATE SoCIAL RESPoNSIBILITY (CSR):

During the financial year 2014-15, the Corporate Social Responsibility not applicable to Company.

VIGIL MECHANISM / WHISTLE BLoWER PoLICY:

The Company has a Whistle Blower Policy framed to deal with instance of fraud and mismanagement, if any in the Group. The details of the Policy are explained in the Corporate Governance Report and also posted on the website of the Company i.e is www.skylineventure.com

RISK MANAGEMENT:

The Risk Management is overseen by the Audit Committee of the Company on a continuous basis. The Committee oversees Company's process and policies for determining risk tolerance and review management's measurement and comparison of overall risk tolerance to established levels. Major risks identifed by the businesses and functions are systematically addressed through mitigating actions on a continuous basis. For details, please refer to the Management Discussion and Analysis report which form part of the Board Report.

DIRECToRS' RESPoNSIBILITY STATEMENT:

Pursuant to the requirement of Section 134(5) of the Act, and based on the representations received from the management, the directors hereby confrm that:

i. in the preparation of the annual accounts for the financial year 2014-15, the applicable accounting standards have been followed and there are no material departures;

ii. They have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of afairs of the Company at the end of the financial year and of the Profit of the Company for the financial year;

iii. They have taken proper and sufcient care to the best of their knowledge and ability for the maintenance of adequate accounting records in accordance with the provisions of the Act. They confrm that there are adequate systems and controls for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

iv. They have prepared the annual accounts on a going concern basis;

v. they have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and operating properly; and

vi. They have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating efectively.

BoARD EVALUATIoN:

The performance evaluation of the Board, its Committees and individual directors was conducted and the same was based on questionnaire and feedback from all the Directors on the Board as a whole, Committees and self-evaluation.

Directors, who were designated, held separate discussions with each of the Directors of the Company and obtained their feedback on overall Board efectiveness as well as each of the other Directors.

Based on the questionnaire and feedback, the performance of every director was evaluated in the meeting of the Nomination and Remuneration Committee (NRC). The meeting of NRC also reviewed performance of the Chief Executive officer and Managing Director on goals (quantitative and qualitative) set at the beginning of the year in April 2015. Jyothi Gutta, additional director, being appointed on 30th March, 2015, was excluded from the process of evaluation.

Some of the key criteria for performance evaluation are as follows –

Performance evaluation of Directors:

- Attendence at Board or Committeee meetings.

- Contribution at Board or Committee meetings.

- Guidance/Support to management outside Board or Committee meetings.

Performance evaluation of Board and Committees:

- Degree of fullflment of key responsibilities.

- Board structure and composition.

- Establishment and delineation of responsibilities to Committees.

- Efectiveness of Board proceses, Information and functioning.

- Board culture and dynamics.

- Quality of relationship between Board and Management.

- Efciency of Communication with external stakeholders.

EXTRACT of ANNUAL RETURN:

The details forming part of the extract of the Annual Return in form MGT 9 is annexed herewith as "Annexure II " to this report.

CoNSERVATIoN of ENERGY, TECHNoLoGY ABSoRPTIoN, foREIGN EXCHANGE EARNINGS AND oUTGo:

The particulars as prescribed under Rule 8(3) of the Companies (Accounts) Rules, 2014, are set out in an "Annexure-III" to this Report.

MANAGEMENT DISCUSSIoN & ANALYSIS: N.A.

CoRPoRATE GoVERNANCE: NA.

PARTICULARS of EMPLoYEES:

pursuant to Section 197(12) of the Companies Act, 2013 read with Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 forming part of the Directors' Report for the year ended March 31, 2015 There are no employee in the Company who is drawing the remuneration worth Rs. 5 lacs per month or Rs. 60 lacs per anum during the financial year.

HUMAN RESoURCES:

your Company considers its Human Resources as the key to achieve its objectives. Keeping this in view, your Company takes utmost care to attract and retain quality employees. The employees are suf ciently empowered and such work environment propels them to achieve higher levels of performance. The unfinching commitment of the employees is the driving force behind the Company's vision. your Company appreciates the spirit of its dedicated employees.

SIGNIfICANT AND MATERIAL oRDERS PASSED BY THE REGULAToRS oR CoURTS:

There are no signifcant material orders passed by the Regulators / Courts which would impact the going concern status of the Company and its future operations.

Particulars of Employees:

The information required under section 197 of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are given below:

a. The ratio of the remuneration of each director to the median remuneration of the employees of the Company for the Financial Year: N.A.

b. The percentage increase in remuneration of each director, Chief Executive officer, Chief Financial officer, Company Secretary in the Financial year: N.A.

c. The Percentage increase in the median remuneration of employees in the Financial year: N.A.

d. The number of permanent employees on the rolls of Company: 10

e. The explanation on the relationship between average increase in remuneration and Company Performance: N.A.

f. Comparison of the remuneration of the key managerial personnel against the performance of the Company: N.A.

g. Variations in the market capitalization of the Company, price earnings ratio as at the closing date of current financial year and previous financial year:

Particulars March 31,2015 March 31,2014 % Change

Market Capitalization N.A. N.A. N.A.

h. Percentage increase over decrease in the market quotations of the shares of the Company in comparison to the rate at which the Company came out with the last public ofer: N.A.

i. Average percentile increase already made in the salaries of employees other than the managerial personnel in the last financial year and its comparison with the percentile increase in the managerial remuneration and justifcation thereof and point out if there are any exceptional circumstances for increase in the managerial remuneration: N.A.

j. Comparison of each remuneration of the key managerial personnel against the performance of the Company: N.A.

k. The Key parameters for any variable component of remuneration availed by the directors: N.A.

l. The Ratio of the remuneration of the highest paid director to that of the employees who are not directors but receive remuneration in excess of the highest paid director during the year: None.

m. Afrmation that the remuneration is as per the remuneration policy of the Company:

The Company afrms remuneration is as per the remuneration policy of the Company.

n. The Statement containing particulars of employees as required under Section 197(12) of the Act read with Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, is provided in a separate annexure forming part of this report. Further, the report and accounts are being sent to the members excluding the aforesaid annexure. In terms of Section 136 of the Act, the said annexure is open for inspection at the Registered office of the Company.

ACKNoWLEDGEMENTS:

your Directors wish to express their gratitude to the central and state government, investors, analysts, financial institutions, banks, business associates and customers, the medical profession, distributors and suppliers for their whole-hearted support. Your directors commend all the employees of your company for their continued dedication, signifcant contributions, hard work and commitment.

By order of the Board

For SKYLINE VENTURES INDIA LIMITED

Sd/-

Ch.D.V.V. Prasad

Chairman

Hyderabad

Date: 14.11.2015

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Mar 31, 2013

Dear Members,

The Directors have the pleasure of presenting this 25th Annual Report along with the Audited Financial Statements and the Auditor''s Report thereon for the Financial Year ended 31st March 2013.

FIANCIAL HIGHLIGHT (amount in Lakhs)

Particulars 2012-13 2011-12

Gross Receipts from operations 175.27 145.10

Operating Profit 10.06 8.17

Profit before tax 10.06 8.17

Tax Expense 3.10 2.52

Profit after tax 6.95 5.64

Proposed Dividend NIL NIL

Tax on Dividend NA NA

Transfer to General Reserve 6.95 5.64

OPERATIONS:

During the year under review your Company has achieved a gross total income of Rs. 175.27 and performanc a of Compan

DIVIDEND:

Your Directors do not recommend any dividend for the financial year 2012-13.

DIRECTORS:

During the year Mr. Mr. B.V.K PRASAD retire by rotation at the ensuing Annual General Meeting and being

DIRECTORS'' RESPONSIBILITY STATEMENT:

The Directors of your Company hereby report: ( i) that in the preparation of Annual Accounts for the year ended 31st March,2013, the applicable accounting standards have been followed along with the proper explanation relating to material departures.

(ii) that the directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year 31st March, 2013 and of the profit and loss of the company for that period.

(iii) That the directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities:

(iv) That the directors have prepared the annual accounts on a going concern basis.

(iv) That the directors have prepared the annual accounts on a going concern basis.

FIXED DEPOSITS:

AUDITORS:

M/s. P.S. Nagaraju & Co., Chartered Accountants, who retires at the conclusion of the ensuing Annual General Meeting, and being eligible, expressed their willingness for re-appointment.

PARTICULARS OF EMPLOYEES:

In terms of the provisions of Section 217(2A) of the Companies Act, 1956 read with the Companies

(Particulars of Employees) Rules, 1975 as amended, there are no employee in the Company who is drawing the remuneration worth Rs. 5,00,000 per month or Rs. 60,00,000 per annum during the financial year .

Information in accordance with the provisions of Section 217 (1) (e) of the Companies Act, 1956, read with Rule 2 of the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988, regarding conservation of energy, technology absorption and foreign exchange earnings and outgo:

We firmly believe that technology is the genesis of innovative business practices, which in turn enable the organization to carry out business effectively and efficiently. Even though the real estate development and infrastructure industry is labour intensive, we believe that there is an increasing need to mechanize the processes involved in order to minimize costs and increase efficiency. We intend to make investments in innovative techniques for this regard.

Energy: The Company is in the business of property development and does not require large quantities of energy. However, wherever possible energy saving efforts are made.

Foreign Exchange Earnings & Outgo:

a) Foreign Exchange Earnings : Nil

b) Foreign Exchange Outgo : Nil

SECRETARIAL COMPLIANCE CERTIFICATE:

Certificate from the Practicing Company Secretary as stipulated in Section 383A of the Companies Act, 1956 read with the Companies (Compliance Certificate) Rules, 2001 and attached to the Directors'' Report form a part of this Annual Report.

CORPORATE GOVERNANCE:

A separate section on Corporate Governance and a certificate from the statutory auditors of the Company regarding compliance of the conditions of corporate governance as stipulated in Clause 49 of the Listing Agreement entered into with the Stock Exchanges form a part of this Annual Report.

MANAGEMENT DISCUSSION AND ANALYSIS:

A separate section on Management Discussion and Analysis as stipulated under Clause 49 of the Listing Agreement entered into with the Stock Exchanges forms a part of this Annual Report.

ACKNOWLEDGEMENTS:

Your Directors express their grateful appreciation for the assistance and co-operation received from the banks, government authorities, customers, vendors and shareholders during the said financial year.

Your Directors would also like to once again place on record their appreciation to the employees at all levels, who through their dedica -tion, co-operation, support and smart work have enabled the Company to move towards achieving its Corporate Objectives.

For and on behalf of the Board For SKYLINE VENTURES INDIA LIMITED Hyderabad August 22nd, 2013 Sd/- Managing Director SITARAMAYYA PATURI

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Mar 31, 2012

The Members

SKYLINE VENTURES INDIA LIMITED

The Directors have the pleasure of presenting this 24th Annual Report along with the Audited Financial Statements and the Auditor''s Report thereon for the Financial Year ended 31st March 2012.

FINANCIAL HIGHLIGHTS: (In Lakhs) Particulars 2011-12 2010-11

Gross Receipts from operations 145.10 92.98

Operating Profit 8.17 5.35

Profit before tax 8.17 5.35

Tax Expense 2.52 1.65

Profit after tax 5.64 3.70

Proposed Dividend Nil Nil

Tax on Dividend NA NA

Transfer to General Reserve 5.64 3.70



OPERATIONS:

During the year under review your Company has achieved a gross total income of Rs.145.10 Lakhs and registered a profit after tax of Rs 5.64 Lakhs. Your directors are putting continuously efforts to increase the performance of Company and are hopeful that the performance in coming year will improve in faster way.

DIVIDEND:

Your Directors do not recommend any dividend for the financial year 2011-12.

DIRECTORS:

During the year Mr. Ch D V V Prasad retire by rotation at the ensuing Annual General Meeting and being eligible offer themselves for re-appointment.

DIRECTORS'' RESPONSIBILITY STATEMENT:

The Directors of your Company hereby report:

(i) that in the preparation of Annual Accounts for the year ended 31st March,2012, the applicable accounting standards have been followed along with the proper explanation relating to material departures:

(ii) that the directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year ended 31st March, 2012 and of the profit and loss of the company for that period.

(iii) That the directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities

(iv) That the directors have prepared the annual accounts on a going concern basis.

FIXED DEPOSITS:

During the Financial year, company has not accepted any deposits falling with the preview of Section 58A of the Companies Act, 1956 read with Companies (Acceptance of Deposits) Rules, 1975.

AUDITORS:

M/s. P.S. Nagaraju & Co., Chartered Accountants, who retires at the conclusion of the ensuing Annual General Meeting, and being eligible, expressed their willingness for re-appointment.

PARTICULARS OF EMPLOYEES:

In terms of the provisions of Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended, there are no employee in the Company who is drawing the remuneration worth Rs. 5,00,000 per month or Rs. 60,00,000 per annum during the financial year .

Information in accordance with the provisions of Section 217 (1) (e) of the Companies Act, 1956, read with Rule 2 of the Companies (Disclosure of Particulars in the Report of Board of Directors Rules, 1988, regarding conservation of energy, technology absorption and foreign exchange earnings and outgo:^

We firmly believe that technology is the genesis of innovative business practices, which in turn enable the organization to carry out business effectively and efficiently. Even though the real estate development and infrastructure industry is labour intensive, we believe that there is an increasing need to mechanize the processes involved in order to minimize costs and increase efficiency. We intend to make investments in innovative techniques for this regard.

Energy: The Company is in the business of property development and does not require large quantities of energy However, wherever possible energy saving efforts are made.

SECRETARIAL COMPLIANCE CERTIFICATE:

Certificate from the Practicing Company Secretary as stipulated in Section 383A of the Companies Act, 1956 read with the Companies (Compliance Certificate) Rules, 2001 and attached to the Directors'' Report form a part of this Annual Report.

CORPORATE GOVERNANCE:

A separate section on Corporate Governance and a certificate from the statutory auditors of the Company regarding compliance of the conditions of corporate governance as stipulated in Clause 49 of the Listing Agreement entered into with the Stock Exchanges form a part of this Annual Report.

MANAGEMENT DISCUSSION AND ANALYSIS:

A separate section on Management Discussion and Analysis as stipulated under Clause 49 of the Listing Agreement entered into with the Stock Exchanges forms a part of this Annual Report.

ACKNOWLEDGEMENTS:

Your Directors express their grateful appreciation for the assistance and co-operation received from the banks, government authorities, customers, vendors and shareholders during the said financial year. Your Directors would also like to once again place on record their appreciation to the employees at all levels, who through their dedication, co-operation, support and smart work have enabled the Company to move towards achieving its Corporate Objectives.

For and on behalf of the Board For SKYLINE VENTURES INDIA LIMITED

Hyderabad August 22nd, 2012 Sd/- SITARAMAYYA PATURI Managing Director

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Mar 31, 2011

The Members

Skyline Ventures India Limited

(Formerly known as PARAMATMA ENTERPRISES LIMITED)

The Directors have the pleasure of presenting this 23rd Annual Report along with the Audited Financial Statements and the Auditor''s Report thereon for the Financial Year ended 31st March 2011.

FINANCIAL HIGHLIGHTS:

Particulars 2010-11 2009-10

Gross Receipts from operations 92.98 81.26

Operating Profit 5.35 2.72

Profit before tax 5.35 2.72

Tax Expense 1.65 0.84

Profit after tax 3.70 1.88

Proposed Dividend Nil Nil

Tax on Dividend NA NA

Transfer to General Reserve 3.70 1.88



OPERATIONS:

DIVIDEND:

Your Directors do not recommend any dividend for the financial year 2010-11.

MATERIAL CHANGES DURING THE PERIOD:

The Company has sought the approval of shareholders twice through Postal Ballot. 1. Postal ballot results declared on September 17th, 2010.

The approval of shareholders was sought through Postal Ballot in respect of the following

2. Postal ballot results declared on March 18th, 2011. to the Scrutinize N.S report the resolution was passed by requisite majority. The result of the postal ballot was DIRECTORS:

Mr. JRV. Siva Rama Krishna, Managing Director, resigned from the Board of the company w.e.f. March 22nd, 2011. Mrs. Madhuri Jupudi, Non- Executive Director, resigned from the Board of the company w.e.f. March 22nd, 2011.

DIRECTORS'' RESPONSIBILITY STATEMENT:

(ii) tha de j e directors have tim elected such accounting policies and applied them consistently and

(iv) That the directors have prepared the annual accounts on a going concern basis.

FIXED DEPOSITS:

During the Financial year, company has not accepted any deposits falling with the purview of Section 58A of the Companies Act, 1956 read with Companies (Acceptance of Deposits) Rules, 1975.

AUDITORS:

M/s. P.S. Nagaraju & Co., Chartered Accountants, who retires at the conclusion of the ensuing Annual General Meeting, and being eligible, expressed their willingness for re-appointment.

PARTICULARS OF EMPLOYEES:

In terms of the provisions of Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended, there are no employee in the Company who is drawing the remuneration worth Rs. 5,00,000 per month or Rs. 60,00,000 per annum during the financial year .

Information in accordance with the provisions of Section 217 (1) (e) of the Companies Act, 1956, read with Rule 2 of the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988, regarding conservation of energy, technology absorption and foreign exchange earnings and outg"o:

We firmly believe that technology is the genesis of innovative business practices, which in turn enable the organization to carry out business effectively and efficiently. Even though the real estate development and infrastructure industry is labour intensive, we believe that there is an increasing need to mechanize the processes involved in order to minimize costs and increase efficiency. We intend to make investments in innovative techniques for this regard.

Energy: The Company is in the business of property development and does not require large quantities of energy However, wherever possible energy saving efforts are made.

Foreign Exchange Earnings & Outgo:

SECRETARIAL COMPLIANCE CERTIFICATE:

Certificate from the Practicing Company Secretary as stipulated in Section 383A of the Companies Act, 1956 read with the Companies (Compliance Certificate) Rules, 2001 and attached to the Directors'' Report form a part of this Annual Report.

CORPORATE GOVERNANCE:

A separate section on Corporate Governance and a certificate from the statutory auditors of the Company regarding compliance of the conditions of corporate governance as stipulated in Clause 49 of the Listing Agreement entered into with the Stock Exchanges form a part of this Annual Report.

MANAGEMENT DISCUSSION AND ANALYSIS:

A separate section on Management Discussion and Analysis as stipulated under Clause 49 of the Listing Agreement entered into with the Stock Exchanges forms a part of this Annual Report.

ACKNOWLEDGMENTS:

Your Directors express their grateful appreciation for the assistance and co-operation received from the banks, government authorities, customers, vendors and shareholders during the said financial year. Your Directors would also like to once again place on record their appreciation to the employees at all levels, who through their dedication, co-operation, support and smart work have enabled the Company to move towards achieving its Corporate Objectives.

For and on behalf of the Board For SKYLINE VENTURES INDIA LIMITED

Hyderabad August 22nd, 2011 Sd/- SITARAMAYYA PATURI Managing Director