Description
BSE announces listing of 489.09 crore new equity shares of Sylph Technologies Ltd issued through rights basis, effective July 29, 2025.
Summary
BSE has announced the listing of 489,090,000 new equity shares of Sylph Technologies Ltd (Scrip Code: 511447) issued through rights basis at par value of Re. 1/- each. The shares will be available for trading from Tuesday, July 29, 2025.
Key Points
- 489,090,000 new equity shares of Re. 1/- each issued at par
- Shares issued on rights basis to existing shareholders
- ISIN: INE706F01021
- Distribution numbers: 358666001 to 847756000
- Date of allotment: July 18, 2025
- New shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must note the new securities for trading operations
- Updated share capital and shareholding patterns to be reflected in systems
Important Dates
- Allotment Date: July 18, 2025
- Trading Commencement: July 29, 2025
Impact Assessment
The rights issue significantly increases Sylph Technologies’ share capital by 489.09 crore shares. This substantial increase may impact share price due to dilution and will affect trading volumes. Existing shareholders who participated in the rights issue maintain their proportional ownership, while those who didn’t will face dilution.
Impact Justification
Significant rights issue of 489.09 crore shares affects existing shareholders and trading volumes