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Sylph Industries Ltd (511447)

📊 BSE: 511447 🏢 IT Enabled Services 📢 Latest filing: 29 Sep 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Sylph Industries' revenue was ₹6.1 Cr (-82.5% year on year, -75.4% on the previous quarter), and net profit ₹0.4 Cr (-64.0% year on year); the operating margin was 5.5%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹6.1	-82.5%	-75.4%
Operating profit	₹0.3	-68.9%	-4.1%
Net profit	₹0.4	-64.0%	-75.1%
EPS (₹)	0.00	-100.0%	-100.0%
Operating margin	5.5%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Sylph Industries Concludes 34th AGM; Appoints Statutory Auditor for 5-Year Term

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 29 Sep 2026, 04:39 PM

Sylph Industries Limited concluded its 34th Annual General Meeting (AGM) held on September 29, 2026. The meeting put forward 7 resolutions to vote, including the adoption of FY26 financial statements and the appointment of M/s. Bihari Shah & Co., Chartered Accountants, as statutory auditors for a 5-year term. Other special businesses transacted included the appointment of Mr. Sunil Amarchand Kalal as Executive Managing Director alongside independent director regularizations. E-voting results are scheduled to be disclosed on or before October 1, 2026.

34th AGM concluded on September 29, 2026, within 15 minutes (12:00 PM to 12:15 PM)
Total of 99,188 shareholders recorded as on the cutoff date of September 22, 2026
Appointment of M/s. Bihari Shah & Co. as statutory auditors proposed for a term of 5 consecutive years
36 public shareholders attended the meeting online, with 0 attendees from the promoter category

💡 Track the formal disclosure of scrutinized voting results by October 1, 2026, to verify the approval of the proposed board appointments and auditor mandate.

Sylph Industries Appoints Sunil Amarchand Kalal as Managing Director Effective Sept 5, 2026

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 05 Sep 2026, 06:40 PM

Sylph Industries Limited has appointed Mr. Sunil Amarchand Kalal (DIN: 08296976) as its Managing Director effective September 5, 2026, subject to shareholder approval. Mr. Kalal brings over 20 years of experience in corporate law, regulatory compliance, and business consultancy. The company, operating in IT-enabled services with a market capitalization of ~₹30 crore and TTM revenue of ₹89 crore, confirmed he is not related to any existing directors and has not been debarred by SEBI.

Appointment of Mr. Sunil Amarchand Kalal as Managing Director effective September 5, 2026
Appointee possesses over 20 years of expertise in corporate advisory, regulatory compliance, and corporate laws
Appointment is subject to the approval of shareholders
Declared non-related to existing board directors and not debarred by SEBI or any other authority

💡 Track the upcoming shareholder voting on the appointment and monitor subsequent strategic direction or operational guidance from the new leadership.

Sylph Industries Appoints Sunil Amarchand Kalal as Managing Director w.e.f. September 5, 2026

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 05 Sep 2026, 06:36 PM

Sylph Industries Limited has appointed Mr. Sunil Amarchand Kalal (DIN: 08296976) as Managing Director effective September 05, 2026, subject to shareholder approval. Mr. Kalal brings over 20 years of experience in corporate law, regulatory compliance, and business consultancy. The company, which has a market cap of approximately ₹30 Cr and TTM revenue of ₹89 Cr, stated that Mr. Kalal is not related to any existing directors and is not debarred by SEBI.

Appointed Mr. Sunil Amarchand Kalal as Managing Director effective September 05, 2026.
The appointment is subject to the approval of company shareholders.
Appointee possesses over 20 years of experience in corporate advisory, regulatory compliance, and restructuring.
Confirmed no inter-se relationship with any current directors and no debarment by SEBI.

💡 Track the upcoming shareholder voting for confirmation of the appointment and look for subsequent disclosures regarding strategic or operational focus under the new leadership.

Sylph Industries Files FY26 Annual Report; 34th AGM Scheduled for Sept 29, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Sep 2026, 05:38 PM

Sylph Industries Limited has submitted its 34th Annual Report for FY 2025-26 and scheduled its Annual General Meeting (AGM) for September 29, 2026, via video conferencing. Key ordinary and special business items include the adoption of FY26 financial statements and the appointment of M/s Bihari Shah & Co. as Statutory Auditors for a 5-year term. Additionally, shareholders will vote on regularizing the appointment of Mr. Sunil Amarchand Kalal as Executive Managing Director and CFO following extensive board turnover in July 2026.

34th Annual General Meeting scheduled for September 29, 2026, at 12:00 PM IST via online mode.
Proposed appointment of M/s Bihari Shah & Co., Chartered Accountants, as Statutory Auditors for a 5-year tenure through FY31.
Proposed regularization of Mr. Sunil Amarchand Kalal as Executive Managing Director for a 5-year term effective September 5, 2026.
Substantial board restructuring following multiple director resignations in July 2026.

💡 Track voting results from the AGM on September 29, 2026, and observe subsequent governance and quarterly execution under the reconstituted leadership.

Sylph Industries Shifts Registered Office Within Indore Effective August 31, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 31 Aug 2026, 05:20 PM

Sylph Industries Limited announced that its Board of Directors approved shifting the company's registered office within the city of Indore, effective August 31, 2026. The registered office moves from Skye Corporate Park, A.B. Road to G-2 Solitaire Almas Apartments, 576 MG Road, Indore. The meeting was held on August 31, 2026, between 03:00 PM and 03:30 PM. This is a purely administrative change with no impact on company operations or financial performance.

Registered office shifted within Indore effective August 31, 2026
New address: G-2 Solitaire Almas Apartments, 576 MG Road, Indore – 452001
Old address: 517, Skye Corporate Park, A.B. Road, Indore – 452010
Board meeting commenced at 03:00 PM and concluded at 03:30 PM on August 31, 2026

💡 No action required. Note the new address for official corporate correspondence and regulatory filings.

Q1 FY27 Consol Revenue Drops 82% YoY to ₹6.18 Cr; Standalone Slips into ₹9.91 Lakh Loss

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 14 Aug 2026, 05:22 PM

Sylph Industries reported a sharp sequential and year-on-year contraction in its Q1 FY27 financial performance. On a standalone basis, revenue from operations plunged over 99% YoY to ₹0.27 Cr (₹26.96 lakhs) from ₹35.00 Cr (₹3,500.30 lakhs) in Q1 FY26, leading to a standalone net loss of ₹9.91 lakhs compared to a net profit of ₹1.08 Cr (₹107.65 lakhs) in the year-ago period. Consolidated revenue fell 82.4% YoY to ₹6.18 Cr (₹617.51 lakhs) compared to ₹35.00 Cr (₹3,500.33 lakhs) in Q1 FY26. Consolidated profit before tax dropped 63.8% YoY to ₹0.39 Cr (₹38.91 lakhs) from ₹1.08 Cr (₹107.65 lakhs).

Consolidated revenue from operations fell 82.4% YoY to ₹617.51 lakhs (vs ₹3,500.33 lakhs in Q1 FY26)
Standalone revenue from operations collapsed 99.2% YoY to ₹26.96 lakhs (vs ₹3,500.30 lakhs in Q1 FY26)
Standalone net loss stood at ₹9.91 lakhs versus a net profit of ₹107.65 lakhs in Q1 FY26
Consolidated profit before tax declined 63.8% YoY to ₹38.91 lakhs (vs ₹107.65 lakhs in Q1 FY26)
Trading segment consolidated revenue stood at ₹602.24 lakhs, down sharply from ₹3,500.30 lakhs in Q1 FY26

💡 Track subsequent quarterly filings to assess whether commodity trading volumes recover and whether higher-margin segments like construction chemicals and solar gain traction.

Q1 Standalone Rev Slumps to Rs 0.27 Cr; Net Loss at Rs 9.91 Lakh vs Profit of Rs 1.08 Cr YoY

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 14 Aug 2026, 04:56 PM

Sylph Industries reported a severe contraction in its Q1 FY27 (quarter ended June 30, 2026) standalone revenue from operations, which plunged to Rs 26.96 Lakhs (Rs 0.27 Cr) compared to Rs 3,500.30 Lakhs (Rs 35.00 Cr) in Q1 FY26. Standalone bottom line slipped into a net loss of Rs 9.91 Lakhs against a net profit of Rs 107.65 Lakhs (Rs 1.08 Cr) in the year-ago period. On a consolidated basis, segment revenue fell 82.4% YoY to Rs 617.51 Lakhs (Rs 6.18 Cr) from Rs 3,500.33 Lakhs, while consolidated profit before tax dropped 63.8% YoY to Rs 38.91 Lakhs.

Standalone revenue from operations dropped to Rs 26.96 Lakhs vs Rs 3,500.30 Lakhs in Q1 FY26
Standalone net loss stood at Rs 9.91 Lakhs compared to a net profit of Rs 107.65 Lakhs in Q1 FY26
Consolidated revenue from operations contracted 82.4% YoY to Rs 617.51 Lakhs from Rs 3,500.33 Lakhs
Consolidated profit before tax declined 63.8% YoY to Rs 38.91 Lakhs from Rs 107.65 Lakhs
Trading of Commodities segment contributed Rs 602.24 Lakhs to consolidated revenue

💡 Track whether commodity trading and core operations recover in upcoming quarters and monitor any management commentary on business restructuring.

Aug 14 Board Meeting to Approve Q1 FY27 Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 10 Aug 2026, 04:41 PM

Sylph Industries Ltd has scheduled a board meeting for August 14, 2026, to consider and approve its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. This follows a significant fiscal year (FY26) where revenue surged to ₹118 Cr from just ₹2 Cr in FY25. The trading window for designated persons has been closed since July 1, 2026. Investors will be monitoring if the company can sustain the higher revenue levels achieved in the previous four quarters.

Board meeting scheduled for August 14, 2026, to approve Q1 results.
Results pertain to the first quarter ended June 30, 2026.
Trading window closed from July 1, 2026, until 48 hours after the results declaration.
Company reported a TTM revenue of ₹118 Cr, significantly higher than its ₹32 Cr market cap.

💡 Watch for the Q1 results on August 14 to verify if the sharp revenue growth seen in FY26 (₹118 Cr vs ₹2 Cr in FY25) is maintaining momentum or decelerating.

Sylph Industries Appoints M/s Bihari Shah & Co. as Statutory Auditor to Fill Casual Vacancy

🔵 WATCH ⭐ 4/10

MANAGEMENT 📅 08 Aug 2026, 04:41 PM

Sylph Industries has appointed M/s Bihari Shah & Co. as its Statutory Auditor effective August 8, 2026, to fill a casual vacancy. The appointment is valid until the conclusion of the upcoming Annual General Meeting (AGM) and is subject to shareholder approval. This change comes as the company reported a significant revenue jump to Rs 118 Cr in FY26 from just Rs 2 Cr in FY25. However, the stock has faced a sharp 62.7% decline over the last six months, making governance transitions a point of observation for investors.

Appointment of M/s Bihari Shah & Co. (FRN 119020W) effective from August 8, 2026.
The new auditor fills a 'casual vacancy', a term typically used when a previous auditor resigns or is unable to continue.
Company TTM revenue stands at Rs 118 Cr with a TTM PAT of Rs 8 Cr.
The appointment is temporary, lasting only until the conclusion of the next AGM.
Stock price has corrected by 61.3% over the last 12 months.

💡 Investors should look for the upcoming AGM notice to confirm the reasons for the previous auditor's exit and ensure the new auditor's ratification by shareholders.

Sylph Industries Appoints M/s Bihari Shah & Co. as Statutory Auditor Following Resignation

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 08 Aug 2026, 04:37 PM

Sylph Industries Ltd has appointed M/s Bihari Shah & Co. as its Statutory Auditor effective August 8, 2026, to fill a casual vacancy. This follows the resignation of the previous auditor, FHMSV & Co., which took effect on August 6, 2026. The new appointment is valid until the conclusion of the company's upcoming Annual General Meeting (AGM), subject to shareholder approval. For a company with a market capitalization of Rs 32 Cr and a penny stock price of Rs 0.2, auditor transitions are important governance events to track.

Resignation of previous auditor FHMSV & Co. effective August 6, 2026
Appointment of M/s Bihari Shah & Co. effective August 8, 2026
Board meeting for the appointment concluded in 35 minutes (3:00 PM to 3:35 PM)
The company reported TTM Revenue of Rs 118 Cr against a small Market Cap of Rs 32 Cr

💡 Investors should watch for the upcoming AGM results to confirm shareholder ratification of the new auditor and monitor the next quarterly results for any changes in accounting disclosures.

Statutory Auditor FHMSV & Co. Resigns Effective August 6, 2026

🔴 NEGATIVE ⭐ 7/10

MANAGEMENT 📅 07 Aug 2026, 06:17 PM

Sylph Industries has announced the resignation of its Statutory Auditor, FHMSV & Co., effective August 6, 2026. This change occurs while the company maintains a TTM revenue of Rs 118 Cr and a relatively small market capitalization of Rs 32 Cr. The stock has faced significant pressure, declining 62.7% over the last six months. Investors should note that auditor resignations in micro-cap companies often warrant increased scrutiny regarding financial reporting integrity.

Statutory Auditor FHMSV & Co. (FRN 128276W) resigned effective August 6, 2026.
Company reported a significant revenue jump to Rs 118 Cr in FY26 from just Rs 2.0 Cr in FY25.
Market capitalization stands at Rs 32 Cr, resulting in a low P/E ratio of 4.2.
Stock price has depreciated by 61.3% over the last 12 months.

💡 Monitor the company's upcoming filing regarding the appointment of a new auditor and review the detailed 'Annexure A' for specific reasons behind the resignation to ensure there are no underlying accounting disputes.

Sylph Industries Approves Shifting Corporate Office from Indore to Ahmedabad

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 18 Jul 2026, 04:56 PM

Sylph Industries Ltd announced a change in its corporate office location following a board meeting held on July 18, 2026. The office is being relocated from Indore, Madhya Pradesh, to Ahmedabad, Gujarat. The board meeting was brief, lasting 40 minutes from 03:00 PM to 03:40 PM. This is a routine administrative update with no immediate impact on the company's financial standing or business operations.

Board meeting held on July 18, 2026, to approve the relocation of the corporate office.
Corporate office shifting from Indore (PIN 452010) to Ahmedabad (PIN 380015).
The board meeting commenced at 03:00 PM and concluded at 03:40 PM.
The change was made under Regulation 30 of SEBI (LODR) Regulations 2015.

💡 This is a procedural update; investors should note the new address for future correspondence but no fundamental action is required.

Sylph Industries to Shift Corporate Office from Indore to Ahmedabad

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 18 Jul 2026, 04:53 PM

Sylph Industries Limited announced on July 18, 2026, that its Board of Directors has approved the relocation of the company's corporate office. The office will move from Indore, Madhya Pradesh, to Ahmedabad, Gujarat. The board meeting was brief, lasting 40 minutes from 03:00 P.M. to 03:40 P.M. This is a procedural administrative change with no reported financial implications or changes to the registered office mentioned in this specific filing.

Board meeting held on July 18, 2026, to approve the relocation
Corporate office shifting from Indore (Pincode 452010) to Ahmedabad (Pincode 380015)
The board meeting concluded within 40 minutes
Relocation involves moving across state lines from Madhya Pradesh to Gujarat

💡 This is a routine administrative update; investors should continue to monitor upcoming quarterly results for operational performance updates.

Resignation of Executive Managing Director Hasmukh Nanalal Shah Effective July 16, 2026

🔴 NEGATIVE ⭐ 7/10

MANAGEMENT 📅 16 Jul 2026, 05:32 PM

Sylph Industries has announced the immediate resignation of its Executive Managing Director, Mr. Hasmukh Nanalal Shah, effective from the close of business hours on July 16, 2026. The resignation was attributed to personal reasons and other commitments, with the Board accepting it in a meeting held on the same day. This leadership change occurs as the company's stock has faced significant pressure, declining 61.8% over the last 12 months. No immediate successor has been named for the Managing Director position.

Executive Managing Director Hasmukh Nanalal Shah resigned effective July 16, 2026
The resignation was accepted by the Board in a meeting held on July 16, 2026
The outgoing director holds 0 other directorships or committee memberships in listed entities
Company stock price has declined by 61.8% over the trailing 12-month period
Resignation is cited as being due to personal reasons and other commitments

💡 Investors should monitor the company's next regulatory filings for the appointment of a new Managing Director and any updates on the company's operational stability given the current penny-stock valuation.

Resignation of Executive Managing Director Hasmukh Nanalal Shah Effective July 16, 2026

🔵 WATCH ⭐ 7/10

MANAGEMENT 📅 16 Jul 2026, 05:28 PM

Sylph Industries Limited has announced the resignation of Mr. Hasmukh Nanalal Shah from the position of Executive Managing Director, effective from the close of business on July 16, 2026. The resignation is attributed to personal reasons and other commitments, with the director confirming no other material reasons exist. This leadership change comes at a time when the company's stock has seen a significant 12-month price decline of 61.8%. The board meeting to accept the resignation was conducted within a 30-minute window.

Resignation of Executive Managing Director Hasmukh Nanalal Shah effective July 16, 2026
Board meeting held for 30 minutes from 03:30 P.M. to 04:00 P.M. to process the change
Outgoing director holds zero other directorships or committee memberships in listed entities
Company stock price has declined by 61.8% over the last 12 months
Resignation cited as being due to personal reasons and other commitments

💡 Investors should monitor the company's next steps regarding the appointment of a new Managing Director and look for any updates on business strategy to reverse the current downward trend in share price.

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