The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Niraj Ranjikant Shah
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Niraj Rajnikant Shah, a non-promoter acquirer, has disclosed a large open-market purchase of shares in Sylph Technologies Limited. His holding jumped from 43,38,046 shares (0.51%) to 9,10,38,046 shares (10.74%), an addition of roughly 8.67 crore shares bought on September 3 and September 8, 2025. The total equity share capital of the company is 84,77,56,000 shares of Re. 1 each, so this single buyer now owns more than one-tenth of the company. Because the holding crossed the 10% threshold, the disclosure is being made to BSE under the SEBI Takeover Regulations.
A non-promoter individual now holds over 10% of Sylph Technologies, signaling a significant new stakeholder that could influence future corporate decisions. Such a large concentrated buy may be seen as a positive signal of confidence, but it also introduces an influential minority shareholder to watch.