Skyline Ventures India Ltd has terminated its service agreement with Verrkotech Solutions Pvt Ltd following a project derailment. In a parallel development, Managing Director Asha Mitta has resigned, marking a significant leadership transition. The company is expected to restructure its operational roadmap in response to these events.
Skyline Ventures India Ltd is undergoing a period of strategic disruption, with two major developments surfacing this week. The company has cancelled its service contract with Verrkotech Solutions Pvt Ltd, citing project derailment and non-alignment with deliverables. The agreement, originally focused on market research and data analytics, was deemed unviable due to execution challenges.
Simultaneously, Managing Director Asha Mitta has stepped down, effective immediately. Her resignation was formally disclosed to the exchanges under SEBI’s material event guidelines. Mitta’s exit comes amid operational restructuring and may signal a broader leadership overhaul.
Notable Updates:
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Contract Termination: Agreement with Verrkotech Solutions cancelled due to project derailment
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Service Scope: Market research, data compilation, and analytics
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Leadership Change: Asha Mitta resigns as Managing Director; effective October 18, 2025
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Regulatory Filing: Disclosure made under SEBI Regulation 30
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Strategic Implication: Signals operational reset and possible leadership realignment
Investors and stakeholders are advised to monitor further disclosures as Skyline Ventures recalibrates its business strategy.
Sources: ScanX News, BSE Corporate Filing, Rediff Money