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Incorporated on May 13, 2016, Silkflex Polymers India Limited trades textile printing inks and water-based wood coating polymers.
Silkflex Polymers (India) board approved the acquisition of Sylera Inc., a textile printing inks and wood coating business with FY26 turnover of ₹8.31 Cr, aiming to boost capacity and market presence. The company also launched its own "Sylera" textile inks and "Slyvora" wood coatings to expand its product portfolio.
Silkflex Polymers' board approved increasing authorized capital to ₹18 Cr. The company plans to raise ₹24.60 Cr via warrants to the promoter and ₹32.76 Cr through equity shares to non-promoters, both at ₹205/share. An EGM is set for Sep 22 to get shareholder approval for these fundraising plans.
Silkflex Polymers' Board approved increasing authorized capital to Rs 18 Cr. They also greenlit a preferential issue of Rs 24.6 Cr warrants to the promoter and Rs 32.76 Cr equity shares to public. An EGM is scheduled for Sept 22 seeking shareholder approval for these proposals.