The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Niraj Shah
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On the reaction day the stock moved 5.0 pts more than Nifty Microcap 250 and 5.6 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.
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Non-promoter shareholder Niraj Rajnikant Shah has disclosed a sale of 2,64,48,216 equity shares (about 3.14%) of Sylph Technologies Limited through the open market on October 9-10, 2025. Before the sale, he held 7,07,24,623 shares (8.34%); after the sale his holding has come down to 4,42,76,407 shares (5.22%). The filing is a mandatory disclosure under SEBI's takeover rules, triggered because the transaction involves more than 2% of the company's share capital. The equity share capital of the company is Rs. 84.77 crore, comprising 84.77 crore equity shares of Re. 1 each.
A sizeable block of roughly 3.14% changing hands via open market in just two days may create short-term supply pressure on the stock. The seller still holds 5.22%, so any further buying or selling past the 5%, 10%, or 15% thresholds will trigger additional disclosures.