Sylph Technologies Acquires 65% Stake in Maxrotth Foods for ₹2.06 Crore, Expanding into FMCG Sector 3 days ago
Sylph Technologies Limited has acquired a 65% controlling stake in Maxrotth Foods Limited for ₹2.06 crore, marking its entry into the FMCG sector. The acquisition was completed in two phases: purchasing 835,000 shares at ₹18 per share on June 10, 2025, and subscribing to 1,142,000 newly allotted shares at ₹18 per share on August 1, 2025. Maxrotth Foods, specializing in pulses and spices export and wholesale grocery, reported a turnover of ₹941.69 lakh and profit after tax of ₹62.41 lakh as of March 31, 2025. The transaction, while involving a related party, was conducted at arm's length.
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