Sylph Technologies Ltd — Board Meeting, 12-04-2025: Board Meeting

Sylph Technologies Limited has announced a board meeting outcome confirming a rights issue of fully paid-up equity shares for up to ₹49 Crore. The rights issue will entail issuing 48,90,90,000 shares at ₹1 each, with a record date set for 18th April 2025. Shareholders will be entitled to 15 new shares for every 11 shares held. The issue opens on 25th April 2025 and closes on 10th May 2025. Additionally, the board approved the establishment of a new corporate office in Indore. This development could enhance capital structure and may positively influence investor sentiment by offering an opportunity for increased ownership in the company.