Penny stock under Re 1 announces 5:11 bonus shares: Sylph Industries Ltd announces 5 free shares for every 11 shares held by shareholders
DSIJ Intelligence-1 / 30 Oct 2025/ Categories: Bonus and Spilt Shares, Penny Stocks, Trending
From Rs 0.69 (52-week low) to Re 0.77 per share, the stock is up by 11.6 per cent.
On Thursday, shares of Sylph Industries Limited (Formerly Known as Sylph Technologies Limited) plunged 3.90 per cent to Rs 0.74 per share from its previous closing of Rs 0.77 per share. The stock’s 52-week high is Rs 1.46 per share and its 52-week low of Re 0.69 per share.
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Sylph Technologies Ltd., the Board of Directors approved a significant corporate action on Monday, October 27th, 2025: a bonus share issue and an increase in Authorised Share Capital, both subject to shareholder approval via postal ballot. The recommended bonus issue is in the ratio of 5:11, meaning five new fully paid-up equity shares of Rs 1 each for every eleven existing shares. This bonus issue, which will capitalise Rs 38,53,43,636 from the existing Securities Premium Account (available balance of Rs 46,18,76,200 as of March 31, 2025), is expected to be credited/dispatched to eligible shareholders within two months of the board's approval date. The pre-bonus paid-up share capital of 84,77,56,000 equity shares is projected to increase to 1,23,30,99,636 equity shares post-issue.
The second key approval involves increasing the Authorised Share Capital from Rs 100 crore to Rs 125 crore. This change, which is also contingent on shareholder approval, will necessitate a corresponding amendment to the Capital Clause (Clause V) of the Company’s Memorandum of Association. This strategic move provides Sylph Technologies Ltd. with a greater capacity for future capital raising activities, such as further share issues, beyond the current bonus issue. Both the bonus issue and the increase in authorised capital are being undertaken in compliance with the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
About the Company
Sylph Industries Limited (Formerly Known as Sylph Technologies Limited), established in 1992, offers a diverse range of services beyond its core software development, encompassing newspaper distribution, financial instrument trading, Solar power plant trading, IT services, newspaper printing, business process outsourcing, and knowledge process outsourcing.
In its annual results, the net sales decreased by 88 per cent to Rs 1.96 crore in FY25 compared to Rs 15.75 crore in FY24. The company reported a net loss of Rs 0.93 crore in FY25 compared to a net loss of Rs 2.51 crore in FY24. The company has a market cap of Rs 83 crore with FIIs holding 0.75 per cent stake and the public holding 99.25 per cent stake. From Rs 0.69 (52-week low) to Re 0.77 per share, the stock is up by 11.6 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.