Outcome of the Right Issue Committee Meeting of Sylph Technologies Limited held today i.e 18th April,2025
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Sylph Technologies Limited's Rights Issue Committee met on April 18, 2025, and approved a rescheduling of the Rights Issue timeline. The opening date has been pushed back from April 25, 2025, to May 15, 2025, and the closing date from May 10, 2025, to May 30, 2025. The last date for on-market renunciation of rights entitlement has also been revised from May 6, 2025, to May 26, 2025. All other terms and conditions of the Rights Issue, as approved by the Board on April 12, 2025, remain unchanged. The Letter of Offer and related documents have been updated with the new dates.
Eligible shareholders now have a revised window (May 15 to May 30, 2025) to apply for or trade their rights entitlements. The delay gives shareholders more time to evaluate the issue, but existing shareholders should track the new dates closely to avoid missing the subscription or renunciation deadlines.