SANKHYA INFOTECH LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/12/2022 ,inter alia, to consider and approve Board of Directors of the Company is called to consider and approve, interalia along with the other business the following: 1. Extinguishment of entire share capital held by (erstwhile) promoter and promoter group without any payout. 2. Reduction/cancellation of 95% share capital held by public shareholders without payment of any consideration. 3. Allotment of 48,00,000 (Forty-eight Lakh) equity shares of INR 10/- (Rupees Ten) each to Resolution applicant against the funds infused by him in the Company. 4. Allotment of 2,00,000 (Two Lakh) equity shares of INR 10/- (Rupees Ten) each to Secured financial creditors on preferential basis. 5. Allotment of 16 (Sixteen) equity shares of INR 10 (Ten) each for every 1 (One) Equity share held M/s Gwebitsol Private Limited ('Transferor Company') pursuant to merger of transferor company with M/sSankhya Infotech Limited. 6. Allotment of 30,00,000 (Thirty Lakh) equity shares of INR 10 (Ten) each on preferential basis to identified shareholders.