Sylph Technologies has received shareholder approval for a significant corporate action, including a bonus share issue and an increase in its authorized share capital. The company's shareholders passed two ordinary resolutions through remote e-voting, confirming these measures.

Shareholder Approval

Out of 37,500 members, 108 members holding 3,262,218 equity shares participated in the voting process. Both resolutions received over 99.9% approval, demonstrating strong shareholder support for the proposed changes.

Bonus Share Issue

Shareholders have approved a bonus share issue in the ratio of 5:11, meaning shareholders will receive 5 new fully paid-up equity shares for every 11 existing shares held. This move will substantially increase the company's paid-up share capital.

Authorized Capital Increase

Shareholders have also approved an increase in the company's authorized share capital:

This increase in authorized capital will require an amendment to the Capital Clause (Clause V) of the company's Memorandum of Association.

Key Information

• Voting Method: Remote e-voting
• Number of Resolutions Passed: Two ordinary resolutions
• Approval Rate: Over 99.9% for both resolutions

With these approvals in place, Sylph Technologies can now proceed with implementing the bonus issue and increasing its authorized share capital. These corporate actions are expected to enhance shareholder value and improve stock liquidity. Shareholders should stay tuned for further communications from the company regarding the implementation timeline and any additional details related to these corporate actions.

Sylph Technologies Limited , a company listed on the Bombay Stock Exchange (BSE), has officially changed its name to Sylph Industries Limited, marking a significant corporate action. This rebranding initiative, which took effect on October 24, 2025, comes after a series of regulatory approvals and shareholder consent.

Key Details of the Name Change

Chronology of Events

1. Proposal Initiation: The company initially informed the Stock Exchange about the proposed name change on September 1, 2025.

2. Shareholder Approval: The name change proposal received shareholder approval during the Annual General Meeting held on September 29, 2025.

3. Regulatory Approval: The Registrar of Companies (ROC) granted approval for the name change and issued a fresh Certificate of Incorporation dated October 24, 2025.

Implications and Next Steps

The company has emphasized that this name change does not affect the rights and liabilities of stakeholders. However, in compliance with Section 12 of the Companies Act, Sylph Industries Limited is obligated to display both its old and new names at all required locations for a period of two years.

The management is currently in the process of filing the necessary documents with the stock exchange to reflect this change. Investors and stakeholders should note that while the company's name has changed, its fundamental structure and operations remain unaltered.

Investor Considerations

Investors and market participants should be aware of this name change when tracking the company's performance or conducting trades. It's important to note that despite the new name, the company will continue to trade under the same scrip code (511447) and symbol (SYLPH) on the BSE.

This name change represents a significant milestone in the company's corporate journey, potentially reflecting evolving business priorities or market positioning. However, as with any corporate action, investors are advised to conduct their own due diligence and consider how this change might align with the company's long-term strategy and industry trends.