Sify Technologies Ltd. (SIFY), a leading ICT solutions provider, announced that it has regained compliance with Nasdaq's continued listing requirements.
On July 8, 2025, the company received a notification from Nasdaq confirming that it now meets the requirements under Listing Rules 5605(b)(1) and 5605(c)(2), which mandate a majority of independent directors on the Board and at least three independent members on the Audit Committee.
The company had previously fallen out of compliance following the resignation of Dr. Ajay Kumar from the Board on May 21, 2025. Nasdaq acknowledged the non-compliance on June 5, 2025.
To address the issue, Sify appointed Dr. Ram Sewak Sharma as an independent director and Audit Committee member on June 20, 2025. Nasdaq confirmed that this appointment resolved the compliance matter, which is now closed.
Sify continues to be listed on the Nasdaq Capital Market under the symbol "SIFY."
Thursday, SIFY closed at $4.79, up 0.42%, and is currently trading after hours at $4.84, a further gain of 1.05%, on the NasdaqCM.
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