Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015- Postal Ballot Notice
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sylph Industries Ltd (formerly Sylph Technologies Limited) has issued a postal ballot notice dated October 29, 2025 seeking shareholder approval through remote e-voting for two key items. First, to increase the authorised share capital from ₹100 crore (100 crore equity shares of ₹1 each) to ₹125 crore (125 crore equity shares of ₹1 each) by creating an additional 25 crore shares, along with a corresponding amendment to the Capital Clause of the Memorandum of Association. Second, to issue bonus shares in the ratio of 5:11 (5 new shares for every 11 existing shares) by capitalising ₹38.53 crore from the Securities Premium Account, which will raise the paid-up equity capital to ₹38.53 crore comprising 38.53 crore shares of ₹1 each. The e-voting period runs from October 30, 2025 (9:00 AM) to November 28, 2025 (5:00 PM), with the cut-off date for voting eligibility set as October 24, 2025. The record date for bonus share eligibility will be fixed separately by the Board, and any fractional entitlements will be ignored.
If approved, the 5:11 bonus issue will expand the share count by roughly 45%, which generally leads to a proportional reduction in the share price on the ex-date, though total holding value remains unchanged. The increase in authorised capital beyond the bonus requirement also signals room for potential future fundraising. The outcome depends on shareholder approval through the postal ballot process.