Outcome of Meeting of Board of Director of the company held today i.e, October 27th, 2025
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The board of Sylph Industries Ltd, at its meeting on October 27, 2025, approved recommending a bonus issue of 5 new equity shares for every 11 existing shares (5:11 ratio) to shareholders through a postal ballot. The bonus will be issued by capitalizing the securities premium account, which had Rs. 46.19 crore available as of March 31, 2025, with Rs. 38.53 crore to be utilized for the issue. The company's paid-up share capital will rise from Rs. 84.77 crore (84.78 crore shares) to Rs. 123.31 crore (123.31 crore shares) post-bonus. The board also approved increasing the authorised share capital from Rs. 100 crore to Rs. 125 crore, along with a corresponding amendment to the MoA. Bonus shares are expected to be credited within two months from board approval, and the record date will be announced separately.
This bonus issue will increase the total share count, which typically leads to a proportional reduction in share price on the ex-date, though overall investment value remains unchanged. The proposal is subject to shareholder approval via postal ballot (cut-off date: October 24, 2025). Existing investors will receive approximately 45% more shares in their holdings once approved.