Syrma SGS Technology Limited , a prominent player in the technology sector, has initiated a Qualified Institutional Placement (QIP) of equity shares, setting the stage for a significant capital raise. The company's QIP Committee has approved a floor price of ₹735.61 per equity share for the issue, adhering to the pricing formula prescribed by SEBI's ICDR Regulations.

QIP Details

The QIP involves equity shares with a face value of ₹10 each. Notably, Syrma SGS Technology has the flexibility to offer a discount of up to 5% on the floor price, a decision that will be finalized in consultation with the appointed book running lead managers. This strategic move follows the board's approval on May 10, 2024, and subsequent shareholder approval through a special resolution on September 17, 2024.

Regulatory Compliance

In line with regulatory requirements, Syrma SGS Technology has filed preliminary placement documents with both the BSE and NSE. The company has designated August 7, 2025, as the 'relevant date' for the QIP, in accordance with SEBI ICDR Regulations.

Trading Window Closure

As part of its commitment to maintaining market integrity, Syrma SGS Technology has announced the closure of the trading window for designated persons. This closure will be effective from August 7, 2025, and will extend until 48 hours after the determination of the final issue price.

Corporate Governance

The QIP Committee meeting, which set these parameters, commenced at 8:15 p.m. and concluded at 8:45 p.m. on August 7, 2025. This swift decision-making process underscores the company's efficient corporate governance practices.

Financial Outlook

While the QIP signals a strategic move for capital raising, it's worth noting that Syrma SGS Technology recently approved its audited consolidated financial statements for the year ended March 31, 2025. These statements, along with the audit report, are subject to shareholder approval at the upcoming annual general meeting.

The launch of this QIP by Syrma SGS Technology represents a significant development in the company's financial strategy. Investors and market watchers will be keenly observing the outcome of this placement and its impact on the company's future growth trajectory.

Syrma SGS Technology Limited has announced significant changes in its leadership team. The company's Board of Directors has appointed Mr. Bhabagrahi Pradhan as the new Company Secretary, Compliance Officer, and Key Managerial Personnel, effective August 5, 2025. This appointment follows the resignation of Mrs. Komal Malik from the same position.

Resignation of Komal Malik

Komal Malik has resigned from her position as Company Secretary, Compliance Officer, and Key Managerial Personnel of Syrma SGS Technology Limited, effective July 30, 2025. She was relieved from her duties at the close of business hours on that date. Malik expressed her intention to resign to take up a new role outside the organization. The company disclosed this information through Chief Financial Officer Bijay Kumar Agrawal in compliance with listing regulations.

New Appointment Details

Mr. Pradhan brings a wealth of experience to his new role at Syrma SGS Technology. His credentials include:

• Fellow member of the Institute of Company Secretaries of India (ICSI)
• Associate member of the Institute of Cost and Works Accountants of India (ICWAI)
• Law graduate (LLB)

With approximately 25 years of post-qualification experience, Mr. Pradhan has developed extensive expertise in corporate secretarial, compliance, legal, and governance functions across various sectors.

Professional Background

Throughout his career, Mr. Pradhan has been associated with several prominent organizations across diverse industries, including:

• NBFC (Non-Banking Financial Company)
• Pharmaceuticals
• Textiles
• Information Technology
• Cement
• Power

His professional journey includes notable stints with organizations such as MGF Group, Intime Spectrum, Medicamen, DSCI, DCM Group, Dalmia Group, and NTPC Limited.

Regulatory Compliance

In accordance with regulatory requirements, Syrma SGS Technology Limited has duly informed the National Stock Exchange of India Limited and BSE Limited about these changes in key personnel. The company has complied with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency in its corporate governance practices.

These strategic changes underscore Syrma SGS Technology's commitment to maintaining strong corporate governance and compliance standards. Mr. Pradhan's extensive experience across various sectors is expected to contribute significantly to the company's ongoing growth and development in the technology industry.