Key Quantitative Figures

  • Annual remuneration for Mr. Hasmukh Nanalala Shah: ₹6,00,000 including all perquisites
  • Appointment term: 5 years (from December 11, 2025 to December 10, 2030)

Dates of Action

  • Dispatch of Postal Ballot Notice completed: June 02, 2026
  • Record date for shareholders: May 29, 2026 (Friday)
  • E-voting commencement: June 03, 2026 (Wednesday) from 9:00 AM
  • E-voting conclusion: July 02, 2026 (Thursday) till 5:00 PM
  • Result announcement: Within 2 working days from conclusion of e-voting
  • Effective date of appointment: December 11, 2025

Parties Involved

  • Proposed Managing Director: Mr. Hasmukh Nanalala Shah (DIN: 00398666)
  • E-voting service provider: Central Depository Services (India) Limited (CDSL)
  • Scrutinizer: Vishakha Agrawal and Associates, Practicing Company Secretaries
  • Director signing notice: Nilesh Jain (DIN: 07785023)

Purpose and Rationale

The Company seeks shareholder approval for the appointment of Mr. Hasmukh Nanalala Shah as Executive-Managing Director for a period of five years to leverage his experience in finance and management fields.

Financial Impact

  • Fixed annual remuneration of ₹6,00,000 including all perquisites
  • In case of loss or inadequacy of profit in any financial year, remuneration will be paid as per limits set out in Section II of Part II of Schedule V to the Companies Act, 2013

Capital Structure Impact

No impact on capital structure disclosed. The appointment does not involve equity issuance or change in shareholding pattern.

Voting Details

  • Voting rights reckoned based on paid-up value of equity shares registered as on May 29, 2026
  • E-voting exclusively through CDSL platform
  • Physical postal ballots not accepted
  • Results will be communicated to BSE Limited and displayed on company website www.sylphtechnologies.com

Director Particulars

  • Mr. Hasmukh Nanalala Shah is not disqualified under Section 164 of Companies Act
  • He is not related to any existing director of the Company
  • He is not debarred from holding director office by any SEBI order or authority
  • Consent to act as director has been obtained
  • Notice under Section 160 of Companies Act received from a member

Additional Information

  • Explanatory statement under Section 102 of Companies Act provided
  • Material documents available for inspection at registered office during working hours
  • Email for electronic inspection: sylph.t@yahoo.com