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.

Sylph Technologies Limited has announced a significant business development, securing a substantial purchase order from Nakoda Energy Innovations. The order, valued at Rs 2.31 crore, was received on August 25, 2025, marking a positive stride for the company.

Order Details

The purchase order encompasses the following key aspects:

• Total Value: Rs 2.31 crore
• Execution Timeline: To be completed within 3 months
• Material Specifications:
  • 80 tons of 1.6mm material to be supplied immediately
  • 70 tons of 1.2mm material and the balance of 1.6mm material to be delivered within 7-10 days

Payment Terms and Conditions

Sylph Technologies has outlined the following payment structure for this order:

• 10% advance payment to be made along with the purchase order
• The remaining balance is to be paid before dispatch of each vehicle
• Billing will be based on Kanta weight
• The material finish must adhere to the provided technical specifications

Strategic Implications

This order from Nakoda Energy Innovations represents a domestic transaction and does not involve any related party interests. Specifically:

• The order is from a domestic entity
• There is no involvement or interest from the promoter/promoter group or group companies in Nakoda Energy Innovations
• The transaction does not fall under the category of a related party transaction

Delivery and Logistics

The purchase order includes freight paid up to Jaipur, indicating that Sylph Technologies will cover the transportation costs to this destination. Additionally, the company has emphasized that no cancellation will be allowed once the order is placed, underscoring the commitment to fulfilling this contract.

Market Impact

This significant order could potentially have a positive impact on Sylph Technologies' financial performance for the relevant quarter. The timely execution of this order within the stipulated three-month period will be crucial for the company to recognize the revenue and strengthen its market position.

As per regulatory requirements, Sylph Technologies has duly informed the BSE Limited about this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.