Sify Technologies Ltd. Regains Compliance with NASDAQ Listing Requirements
Sify Technologies (NASDAQ:SIFY) has successfully regained compliance with NASDAQ's listing requirements regarding board independence and audit committee composition. The company had fallen out of compliance following Dr. Ajay Kumar's resignation from the board on May 21, 2025.
To address this issue, Sify appointed Dr. Ram Sewak Sharma as an independent director and audit committee member on June 20, 2025. NASDAQ confirmed on July 8, 2025, that this appointment satisfied the requirements for maintaining its listing on the NASDAQ Capital Market, where it continues to trade under the symbol "SIFY".
Sify Technologies (NASDAQ:SIFY) ha riconquistato con successo la conformità ai requisiti di quotazione del NASDAQ riguardanti l'indipendenza del consiglio di amministrazione e la composizione del comitato di revisione. La società era uscita dalla conformità dopo le dimissioni del Dr. Ajay Kumar dal consiglio il 21 maggio 2025.
Per risolvere questa situazione, Sify ha nominato il Dr. Ram Sewak Sharma come direttore indipendente e membro del comitato di revisione il 20 giugno 2025. Il NASDAQ ha confermato l'8 luglio 2025 che questa nomina soddisfa i requisiti per mantenere la quotazione sul NASDAQ Capital Market, dove continua a essere negoziata con il simbolo "SIFY".
Sify Technologies (NASDAQ:SIFY) ha recuperado con éxito el cumplimiento de los requisitos de cotización del NASDAQ relacionados con la independencia de la junta y la composición del comité de auditoría. La compañía había perdido el cumplimiento tras la renuncia del Dr. Ajay Kumar a la junta el 21 de mayo de 2025.
Para solucionar este problema, Sify nombró al Dr. Ram Sewak Sharma como director independiente y miembro del comité de auditoría el 20 de junio de 2025. El NASDAQ confirmó el 8 de julio de 2025 que este nombramiento cumplía con los requisitos para mantener su cotización en el NASDAQ Capital Market, donde continúa cotizando bajo el símbolo "SIFY".
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� 문제� 해결하기 위해 Sify� 2025� 6� 20� Ram Sewak Sharma 박사� 독립 이사 � 감사위원� 위원으로 임명했습니다. NASDAQ은 2025� 7� 8� � 임명� NASDAQ Capital Market 상장 유지 요건� 충족한다� 확인했으�, Sify� "SIFY" 심볼� 계속 거래되고 있습니다.
Sify Technologies (NASDAQ:SIFY) a réussi à se conformer de nouveau aux exigences de cotation du NASDAQ concernant l'indépendance du conseil d'administration et la composition du comité d'audit. L'entreprise avait perdu cette conformité suite à la démission du Dr Ajay Kumar du conseil le 21 mai 2025.
Pour remédier à cette situation, Sify a nommé le Dr Ram Sewak Sharma en tant qu'administrateur indépendant et membre du comité d'audit le 20 juin 2025. Le NASDAQ a confirmé le 8 juillet 2025 que cette nomination répondait aux exigences pour maintenir sa cotation sur le NASDAQ Capital Market, où elle continue de se négocier sous le symbole « SIFY ».
Sify Technologies (NASDAQ:SIFY) hat erfolgreich die Einhaltung der NASDAQ-Listenanforderungen hinsichtlich der Unabhängigkeit des Vorstands und der Zusammensetzung des Prüfungsausschusses wiederhergestellt. Das Unternehmen war nach dem Rücktritt von Dr. Ajay Kumar aus dem Vorstand am 21. Mai 2025 nicht mehr konform.
Um dieses Problem zu beheben, ernannte Sify am 20. Juni 2025 Dr. Ram Sewak Sharma als unabhängiges Vorstandsmitglied und Mitglied des Prüfungsausschusses. NASDAQ bestätigte am 8. Juli 2025, dass diese Ernennung die Anforderungen für die Aufrechterhaltung der Notierung am NASDAQ Capital Market erfüllt, wo das Unternehmen weiterhin unter dem Symbol "SIFY" gehandelt wird.
- None.
- Previous non-compliance with NASDAQ listing requirements due to director resignation
CHENNAI, India, July 10, 2025 (GLOBE NEWSWIRE) -- Sify Technologies Ltd. (Nasdaq: Sify) (the “Company�), a leading integrated information communications technology (or ICT) Solutions, received a letter (the “Notification Letter�) from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq�) on July 8, 2025 notifying the Company that it had regained compliance with the continued listing requirements under Nasdaq Listing Rules 5605(b)(1) and 5605(c)(2) (the “Rules�), requiring the majority of the Board to be composed of independent directors and the Audit Committee to comprise at least three independent directors, respectively.
The Company had previously notified Nasdaq on May 21, 2025, that, consequent to the resignation of Dr. Ajay Kumar from the Company’s Board of Directors (the “Board�), the Company was in non-compliance with the Rules. On June 5, 2025, Nasdaq confirmed the Company’s non-compliance with Nasdaq’s independent director and audit committee composition requirements under the Rules.
Subsequently, on June 20, 2025, the Company appointed Dr. Ram Sewak Sharma to the Board as an independent director and a member of the Audit Committee, as disclosed in the Company’s Form 6-K filed with the Securities and Exchange Commission on June 24, 2025.
The Notification Letter confirmed that the Company’s appointment of Dr. Ram Sewak Sharma evidenced compliance with the Nasdaq Rules and that the matter was closed.
The Company remains listed on the Nasdaq Capital Market under the trading symbol: “SIFY�.
About Sify Technologies
A multiple year winner of the Golden Peacock award for Corporate Governance from the Institute of Directors, Sify Technologies is India’s most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focused on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, medium and small businesses.
Sify’s infrastructure comprising state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors and deep expertise in business transformation solutions modelled on the cloud, make it the first choice of start-ups, SMEs and even large Enterprises on the verge of a revamp.
More than 10,000 businesses across multiple verticals have taken advantage of our trinity of Data Centers, Networks and Digital services and conduct their business seamlessly from more than 1,700 cities in India. Internationally, Sify has presence across North America, the United Kingdom, UAE and Singapore.
Sify, , Sify Technologies and are registered trademarks of Sify Technologies Limited.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.
For a discussion of the risks associated with Sify’s business, please see the discussion under the caption “Risk Factors� in the company’s Annual Report on Form 20-F for the year ended March 31, 2025, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify’s other reports filed with the SEC.
For further information, please contact:
Sify Technologies Limited Mr. Praveen Krishna Investor Relations & Public Relations +91 9840926523 [email protected] | 20:20 Media Nikhila Kesavan +91 9840124036 [email protected] | Weber Shandwick Lucia Domville +1-212 546-8260 [email protected] |
