The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Niraj Rajnikant Shah

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Price reactionminutes from the announcement price · days from the prior close

+2.0%Reaction day

₹0.49

prior close

₹0.48

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+1.4% vs market

IT Enabled Services peers, median of 69sector+0.7%+1.3% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 1.3 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+4.2

10m

+4.2

15m

+0.0

30m

-2.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.0+0.7+1.4+0.7+1.3

Next day

+6.1+0.1+6.0-0.3+6.4

+10.2-1.0+11.2-1.3+11.5

+14.3-0.0+14.3-0.6+14.8

+12.2+0.5+11.7-0.6+12.8

+6.1+0.0+6.1-0.7+6.8

+8.2+2.1+6.1+1.5+6.7

15d

+12.2+2.9+9.4-0.7+13.0

+8.2+0.4+7.8-2.4+10.6

+14.3-5.0+19.2-8.3+22.6

+4.1-7.1+11.2-13.0+17.0

UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 69Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Niraj Rajnikant Shah, a non-promoter shareholder of Sylph Technologies Limited, has disclosed the sale of 2,03,13,423 equity shares (2.40% of the company's share capital) through open market transactions between September 26, 2025 and October 08, 2025. His holding in the company has reduced from 9,10,38,046 shares (10.74%) to 7,07,24,623 shares (8.34%). The equity share capital of the company remains Rs. 84,77,56,000 (84.77 crore equity shares of Re. 1 each). The filing was made on October 09, 2025 with BSE. Note: The BSE headline refers to the company as Sylph Industries Ltd, but the disclosure document identifies the target company as Sylph Technologies Limited.

Likely market impact

A non-promoter large shareholder (holding above 10% before the sale) has trimmed his stake by over 2% via open market. This could create temporary supply-side pressure on the stock, though the holding remains substantial at 8.34%.