Sylph Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/04/2025 ,inter alia, to consider and approve Intimation of meeting of ....
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Sylph Technologies Ltd has informed the BSE that its Board of Directors will meet on Saturday, 12th April 2025 at the registered office in Indore. The main item on the agenda is to consider and approve a Rights Issue of equity shares with a face value of Rs. 1 each, for an aggregate amount not exceeding Rs. 49 crore. The Board will also decide on key details such as the rights issue price, payment mechanism, issue size, entitlement ratio, record date, and timing. The intimation has been filed under SEBI Listing Regulations, 2015 by Managing Director Pranay Vaid on 9th April 2025.
This is a pre-meeting intimation, so no decision is final yet. If approved, the Rs. 49 crore rights issue could dilute existing shareholders but also raise fresh capital for the company. Watch for the Board's outcome on 12th April for confirmed terms, issue price, and record date.