SYLPH APPOINTS NEW DIRECTORS AMID STRENGTHENING GOVERNANCE
SYLPH Industries Limited (formerly Sylph Technologies Limited) has appointed two experienced professionals, Mr. Sany Patel and Ms. Shefaliben Mahek Gandhi, as Additional Non-Executive Independent Directors. The Board of Directors approved the appointments during a meeting held on July 4, 2026.The appointments are aimed at strengthening the company's corporate governance structure, with both individuals bringing specialized expertise in finance and risk management to their respective roles.
Mr. Sany Patel, who was appointed as an Additional Non-Executive Independent Director, is a seasoned professional specializing in banking and financial services. He brings over 10 years of experience to the role. Mr. Patel's extensive background encompasses retail and corporate banking, credit administration, risk management, financial analysis, and regulatory compliance. His expertise covers areas such as credit appraisal, loan portfolio management, financial planning, business development, and operational controls, enabling him to contribute effectively to financial oversight and governance practices.
Ms. Shefaliben Mahek Gandhi was also appointed as an Additional Non-Executive Independent Director on the same date. Ms. Gandhi is a qualified Cost and Management Accountant (CMA) with over 8 years of experience focused in cost accountancy and financial management. Her professional skills include budgeting, costing systems, cost audit, and regulatory compliance. She possesses strong knowledge in corporate compliance and internal controls, making her expertise valuable for financial planning, cost optimization, and strengthening governance practices at the company.
Both new directors were appointed following the recommendation of the Nomination and Remuneration Committee. They are not related to any existing Directors of SYLPH Industries Limited.
Key details regarding the appointments are summarized below:
| Director Name | Role | Experience Summary | Key Expertise Areas |
|---|---|---|---|
| Mr. Sany Patel | Additional Non-Executive Independent Director | Over 10 years in banking and financial services | Banking, Financial Services, Risk Management, Regulatory Compliance, Corporate Finance. |
| Ms. Shefaliben Mahek Gandhi | Additional Non-Executive Independent Director | Over 8 years in cost accountancy and finance | Cost Accounting, Financial Management, Auditing, Budgeting, Internal Controls. |
Stock Price Movement
Sylph Industries Ltd settled at ₹0.28 on Friday, edging higher after gaining 3.70%. The shares saw movement within a tight range during the session, trading between a low of ₹0.27 and an intraday high of ₹0.28.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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