Sylph Technologies Ltd — Updates, 10-06-2025: Company Update

Sylph Technologies has announced a board meeting regarding its acquisition of a 65% stake in Maxrotth Foods Limited by subscribing to 11.42 lakh fresh shares and purchasing 8.35 lakh shares at INR 18 per share, totaling INR 3.56 Cr. Maxrotth Foods operates in the export of pulses, spices, and wholesale grocery, with a turnover of INR 941.69 lakh and PAT of INR 62.41 lakh. This acquisition will expand Sylph’s FMCG and export business footprint, making Maxrotth Foods its subsidiary within approximately three months. The transaction involves cash consideration and is at arm’s length.