Sylph Technologies Ltd — Updates, 20-05-2025: Company Update

Sylph Technologies Limited has announced a board meeting on the financial results for the quarter and half-year. The company raised Rs. 80.80 Cr through preferential allotment of fully convertible warrants in October 2023, with Rs. 70.52 Cr utilized for working capital, capital expenditure, and corporate purposes as planned. No deviation has been reported in the utilization of funds. Approximately Rs. 4.28 Cr worth of warrants are yet to be converted into equity shares, delaying full utilization. This update assures shareholders that funds are being applied as intended, supporting ongoing business operations and growth plans.