Sylph Industries
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Sylph Industries Limited’s Executive Managing Director Hasmukh Nanalal Shah resigned with immediate effect on July 16, 2026, citing personal reasons and other commitments. The board accepted his resignation at a meeting the same day. Shah’s exit comes barely nine days after the company disclosed the sudden resignation of its chief financial officer and three non-executive directors on July 7.
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Sylph Industries Limited’s Executive Managing Director Hasmukh Nanalal Shah resigned with immediate effect on July 16, 2026, citing personal reasons and other commitments. The board accepted his resignation at a meeting the same day. Shah’s exit comes barely nine days after the company disclosed the sudden resignation of its chief financial officer and three non-executive directors on July 7.
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Sylph Industries Limited announced that Chief Financial Officer Sachin Singh and three non-executive directors resigned with immediate effect following a board meeting on 7 July 2026. The directors—Nilesh Jain, Shailesh Bajibhai Patel, and Priyanka K Gola—cited personal reasons and other commitments, while Mr Singh cited pre-occupation and personal reasons. The board accepted all resignations and reconstituted its audit, nomination and remuneration, and stakeholder relationship committees. The newly inducted directors Sany Patel, Shefali Mahek Gandhi, and Gautam Chhaganbhai Mali were appointed to the committees. No further reasons were disclosed.
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Sylph Industries Limited announced that Chief Financial Officer Sachin Singh and three non-executive directors resigned with immediate effect following a board meeting on 7 July 2026. The directors—Nilesh Jain, Shailesh Bajibhai Patel, and Priyanka K Gola—cited personal reasons and other commitments, while Mr Singh cited pre-occupation and personal reasons. The board accepted all resignations and reconstituted its audit, nomination and remuneration, and stakeholder relationship committees. The newly inducted directors Sany Patel, Shefali Mahek Gandhi, and Gautam Chhaganbhai Mali were appointed to the committees. No further reasons were disclosed.
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Sept 23 (Reuters) - Sylph Technologies Ltd SYLP.BO:
SYLPH TECHNOLOGIES LTD - RECEIVES PURCHASE ORDER FROM ONEINDIG TECHNOLOGIES WORTH 19.2 MILLION RUPEES
Source text: ID:nBSE9FN7F6
Further company coverage: SYLP.BO
(([email protected];))
Sept 23 (Reuters) - Sylph Technologies Ltd SYLP.BO:
SYLPH TECHNOLOGIES LTD - RECEIVES PURCHASE ORDER FROM ONEINDIG TECHNOLOGIES WORTH 19.2 MILLION RUPEES
Source text: ID:nBSE9FN7F6
Further company coverage: SYLP.BO
(([email protected];))
Aug 26 (Reuters) - Sylph Technologies Ltd SYLP.BO:
RECEIVES PURCHASE ORDER WORTH 23.1 MILLION RUPEES
Source text: ID:nBSE1DpmFB
Further company coverage: SYLP.BO
(([email protected];;))
Aug 26 (Reuters) - Sylph Technologies Ltd SYLP.BO:
RECEIVES PURCHASE ORDER WORTH 23.1 MILLION RUPEES
Source text: ID:nBSE1DpmFB
Further company coverage: SYLP.BO
(([email protected];;))
July 23 (Reuters) - Sylph Technologies Ltd SYLP.BO:
RECEIVES PURCHASE ORDER WORTH 3.4 MILLION RUPEES
Source text: ID:nBSE59kbJG
Further company coverage: SYLP.BO
(([email protected];;))
July 23 (Reuters) - Sylph Technologies Ltd SYLP.BO:
RECEIVES PURCHASE ORDER WORTH 3.4 MILLION RUPEES
Source text: ID:nBSE59kbJG
Further company coverage: SYLP.BO
(([email protected];;))
April 9 (Reuters) - Sylph Technologies Ltd SYLP.BO:
BOARD TO CONSIDER RIGHTS ISSUE OF UP TO 490 MILLION RUPEES
Source text: ID:nBSEmSlFJ
Further company coverage: SYLP.BO
(([email protected];;))
April 9 (Reuters) - Sylph Technologies Ltd SYLP.BO:
BOARD TO CONSIDER RIGHTS ISSUE OF UP TO 490 MILLION RUPEES
Source text: ID:nBSEmSlFJ
Further company coverage: SYLP.BO
(([email protected];;))
Dec 5 (Reuters) - Sylph Technologies Ltd SYLP.BO:
SYLPH TECHNOLOGIES- TO RAISE FUNDS VIA ISSUE OF SHARES FOR UPTO 490 MILLION RUPEES ON RIGHTS BASIS
Source text: ID:nBSE8G9s3t
Further company coverage: SYLP.BO
(([email protected];))
Dec 5 (Reuters) - Sylph Technologies Ltd SYLP.BO:
SYLPH TECHNOLOGIES- TO RAISE FUNDS VIA ISSUE OF SHARES FOR UPTO 490 MILLION RUPEES ON RIGHTS BASIS
Source text: ID:nBSE8G9s3t
Further company coverage: SYLP.BO
(([email protected];))
Dec 2 (Reuters) - Sylph Technologies Ltd SYLP.BO:
SYLPH TECHNOLOGIES - TO CONSIDER FUNDRAISING VIA MODES INCLUDING QIP
Further company coverage: SYLP.BO
(([email protected];))
Dec 2 (Reuters) - Sylph Technologies Ltd SYLP.BO:
SYLPH TECHNOLOGIES - TO CONSIDER FUNDRAISING VIA MODES INCLUDING QIP
Further company coverage: SYLP.BO
(([email protected];))
Oct 17 (Reuters) - Sylph Technologies Ltd SYLP.BO:
NAMES SACHIN SINGH AS CHIEF FINANCIAL OFFICER
Further company coverage: SYLP.BO
(([email protected];))
Oct 17 (Reuters) - Sylph Technologies Ltd SYLP.BO:
NAMES SACHIN SINGH AS CHIEF FINANCIAL OFFICER
Further company coverage: SYLP.BO
(([email protected];))
June 19 (Reuters) - Sylph Technologies Ltd SYLP.BO:
CHAIRMAN PRIYESH BALKRISHNA SHAH RESIGNS
CHAIRMAN AMI SAPANBHAI CYCLEWALAHAH RESIGNS
PANKAJ KALRA APPOINTED CHAIRMAN
Further company coverage: SYLP.BO
(([email protected];))
June 19 (Reuters) - Sylph Technologies Ltd SYLP.BO:
CHAIRMAN PRIYESH BALKRISHNA SHAH RESIGNS
CHAIRMAN AMI SAPANBHAI CYCLEWALAHAH RESIGNS
PANKAJ KALRA APPOINTED CHAIRMAN
Further company coverage: SYLP.BO
(([email protected];))
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Popular questions
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What does Sylph Industries do?
Sylph Technologies Limited is an Indian company offering software development services, including outsourcing, web and product development. They also provide strategy consulting and specialize in e-commerce solutions for web and mobile platforms.
Who are the competitors of Sylph Industries?
Sylph Industries major competitors are Quicktouch Tech., GSS Infotech, Mindpool Tech., Mudunuru, Globtier Infotech, June Industries, Acceleratebs India. Market Cap of Sylph Industries is ₹32 Crs. While the median market cap of its peers are ₹30 Crs.
Is Sylph Industries financially stable compared to its competitors?
Sylph Industries seems to be less financially stable compared to its competitors. Altman Z score of Sylph Industries is 3.26 and is ranked 4 out of its 8 competitors.
Does Sylph Industries pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Sylph Industries latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Sylph Industries allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is Sylph Industries balance sheet?
Balance sheet of Sylph Industries is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Sylph Industries improving?
Yes, profit is increasing. The profit of Sylph Industries is ₹7.62 Crs for TTM, -₹0.93 Crs for Mar 2025 and -₹2.51 Crs for Mar 2024.
Is the debt of Sylph Industries increasing or decreasing?
Yes, The net debt of Sylph Industries is increasing. Latest net debt of Sylph Industries is ₹8.43 Crs as of Mar-26. This is greater than Mar-25 when it was ₹7.68 Crs.
Is Sylph Industries stock expensive?
Sylph Industries is not expensive. Latest PE of Sylph Industries is 4.41, while 3 year average PE is 34.87. Also latest EV/EBITDA of Sylph Industries is 5.94 while 3yr average is 242.
Has the share price of Sylph Industries grown faster than its competition?
Sylph Industries has given lower returns compared to its competitors. Sylph Industries has grown at ~-54.4% over the last 2yrs while peers have grown at a median rate of -17.0%
Is the promoter bullish about Sylph Industries?
There is Insufficient data to gauge this.
Are mutual funds buying/selling Sylph Industries?
There is Insufficient data to gauge this.