Sylph Technologies Ltd — Updates, 03-07-2025: Company Update

Sylph Technologies Limited has announced a board meeting to approve the acquisition of 25% equity stake in Semitrone Conchem Limited, a public company engaged in construction chemicals manufacturing. The acquisition will be executed through a fresh equity subscription of 30 lakh shares at a price of INR 44.43 per share, totaling INR 13.33 Cr, based on a pre-money valuation of INR 39.99 Cr. The investment aims to support Sylph’s business expansion. This is a related party transaction as a director of Sylph holds shares in Semitrone, and it is being conducted on an arm’s length basis. The subscription amount will be used for Semitrone’s operations as per agreed business plans.