Sylph Industries has accepted the resignation of Mrs. Divya Khandelwal as a Non-Executive Independent Director, effective from the close of business hours on July 6, 2026. The resignation follows a communication from the director citing personal reasons and other commitments that prevent her from devoting sufficient time to the company's affairs. The Board of Directors has noted the decision and placed on record its appreciation for her contributions during her tenure.

The disclosure was made to BSE Limited pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mrs. Khandelwal confirmed that there are no material reasons for her resignation other than those stated in her resignation letter.

Resignation Details

The specific details regarding the change in directorship were outlined in the regulatory filing. Mrs. Divya Khandelwal (DIN: 08444385) submitted her formal resignation on July 4, 2026, which was subsequently accepted by the Board.

Mrs. Khandelwal currently holds a directorship at Bio Medica Laboratories Limited as an Independent Director but does not hold memberships on any committees. She requested the Board to file the necessary intimations and documents with the statutory authorities to give effect to her resignation.

Sylph Industries Limited has secured shareholder approval to appoint Mr. Hasmukh Nanalal Shah as its Executive-Managing Director for a five-year term effective from December 11, 2025. The decision, ratified through a postal ballot process concluded on July 02, 2026, saw the resolution pass with a strong majority, reflecting investor confidence in the leadership change.

The appointment, which was recommended by the Nomination and Remuneration Committee and the Board, entails a remuneration of ₹6,00,000 per annum inclusive of perquisites. This remuneration is subject to the provisions of Section 197 of the Companies Act, 2013, and will be paid according to the limits set out in Schedule V of the Act in the event of loss or inadequacy of profit in any financial year.

Voting Results and Scrutiny

The postal ballot, conducted via remote e-voting, was overseen by scrutinizer Vishakha Agrawal of M/s Vishakha Agrawal & Associates. The voting process was open from June 03, 2026, to July 02, 2026. Out of the total 1,04,180 shareholders on the record date of May 29, 2026, 329 members participated, casting votes on 17,061,481 equity shares.

The resolution received overwhelming support from public non-institutional shareholders. A total of 16,958,285 votes were cast in favour, while 103,196 votes were cast against the motion. Promoters and public institutions did not participate in the voting process.

Breakdown of Votes

The Board of Directors and the Company Secretary have been authorized to take all necessary steps to implement the appointment, including filing required forms with the Registrar of Companies. The company confirmed that the resolution has been passed with the requisite majority as mandated under the Companies Act, 2013.