Newspaper Advertisement of Post Issue Basis of Allotment in the matter of Right Issue of Equity Shares
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Sylph Technologies Limited has informed BSE about publishing a newspaper advertisement regarding the post-issue basis of allotment for its recently completed Rights Issue. The company offered up to 48,90,90,000 fully paid-up equity shares of face value Rs. 1 each at an issue price of Rs. 1 per share (no premium), aggregating to about Rs. 48.90 crore, in the ratio of 15 rights shares for every 17 equity shares held, with record date April 18, 2025. The issue opened on June 17, 2025 and closed on July 1, 2025, with the last date for market renunciation being June 25, 2025. The company received 1,271 applications for 5,78,52,098 shares, and a total of 45,09,043 shares were allotted. Listing approval from BSE was received on July 18, 2025, and trading of the newly allotted shares in dematerialised form has commenced on BSE.
The rights issue is now complete and allotted shares are trading on BSE. Shareholders who did not subscribe or renounce their rights entitlements will see a dilution in their proportionate holdings. Allotted shareholders should verify the credit of new shares in their demat accounts.