Sylph Technologies Ltd fixes Apr 18, 2025 as record date for 15:11 rights issue

The Board of Directors of Sylph Technologies Limited at its meeting held today, have, considered and approved the following terms of the Rights Issue.

Type of securities proposed to be issued - Fully paid-up Equity Shares ("Rights Equity Shares")

Type of Issuance - Rights Issue of Fully paid-up Equity Shares

Total number of securities proposed to be issued - 48,90,90,000 Equity Shares of face value of Rs. 1.00/- each for an amount aggregating of Rs. 48,90,90,000.

Issue Price - Rs.1.00/- per Equity Shares

Record Date - Friday 18th April 2025 for the purpose of determining the shareholders entitled for Rights Issue ("Eligible Equity Shareholders")

Right Issue Period

Right Issue Opening Date - Friday, 25 April 2025
*Last Date for on Market Renunciation of Rights Entitlement - Tuesday, 6 May 2025
**Right Issue Closing Date - Saturday, 10 May, 2025

Right entitlement Ratio - 15 (Fifteen) Equity Shares for every 11 (Eleven) Equity Shares held by the Eligible Equity Shareholders of the Company as on the record date with the right to renounce.

Outstanding Equity Shares prior to the Rights Issue - 35,86,66,000,Equity shares of Rs. 1.00/- each

Outstanding Equity Shares post Right Issue (assuming full subscription) - 48,90,90,000 Equity shares of Rs. 1.00/- each.

Source : Equity Bulls

Keywords

SylphTechnologies FundRaising RightsIssue 15For11 RecordDate