Sylph Technologies Limited has announced a significant business development, securing a purchase order worth Rs 1,92,14,795 from OneIndig Technologies Limited. The company disclosed this information in a regulatory filing to the Bombay Stock Exchange (BSE) on September 23, 2025.

Order Details

The purchase order, received on September 23, 2025, outlines specific terms and conditions:

Key Points

• This order is classified as a domestic entity transaction.
• Sylph Technologies confirmed that this is not a related party transaction.
• The company stated that neither the promoters nor the promoter group have any interest in OneIndig Technologies Limited, the entity awarding the order.

Company Statement

Nilesh Jain, Director of Sylph Technologies Limited, signed the regulatory filing, ensuring compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Market Implications

This substantial order, valued at nearly Rs 1.92 crore, represents a positive development for Sylph Technologies. It not only provides a boost to the company's order book but also demonstrates its capability to secure significant contracts in the technology sector.

The strict timeline for material supply and overall project execution highlights the urgency and importance of this order, potentially indicating a growing demand for Sylph Technologies' products and services.

Investors and market watchers may view this development as a positive indicator of the company's business prospects and its ability to compete effectively in the market.

Sylph Technologies Limited , a company listed on the Bombay Stock Exchange (BSE: 511447), has announced significant changes to its board structure and committee compositions, effective September 15, 2025. The restructuring comes in the wake of two key director resignations and a subsequent reorganization of the company's governance framework.

Board Committee Reconstitution

The company has reconstituted three critical board committees:

1. Audit Committee
2. Nomination and Remuneration Committee
3. Stakeholders Relationship Committee

All three committees now share an identical membership structure:

This restructuring aims to streamline the company's governance processes and ensure consistent leadership across key decision-making bodies.

Director Resignations

The committee changes follow the resignation of two directors:

1. Mr. Jainish Vijaybhai Bhavsar (DIN: 10944118)

   • Position: Non-Executive Independent Director
   • Reason: Unavoidable circumstances
   • Effective Date: September 15, 2025

2. Mr. Vishal Mehra (DIN: 09717741)

   • Position: Executive Director
   • Reason: Other professional commitments
   • Effective Date: September 15, 2025

Both resignations were received and accepted by the board on the same day, leading to the immediate restructuring of the committees.

Board Meeting Outcome

The changes were approved during a board meeting held at the company's registered office in Indore on September 15, 2025. The meeting, which commenced at 3:30 PM and concluded at 4:00 PM, addressed the following key points:

1. Acceptance of director resignations
2. Reconstitution of board committees
3. Approval of the new committee structures

Regulatory Compliance

Sylph Technologies has stated that these changes are in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed the BSE Limited of these developments, ensuring transparency with its stakeholders and regulatory bodies.

Investors and stakeholders can access further details about these changes on the company's website ( www.sylphtechnologies.com ) and the BSE website ( www.bseindia.com ).

As Sylph Technologies navigates through this transition in its leadership structure, the market will be watching closely to see how these changes impact the company's governance and performance in the coming months.