Sylph Technologies has expanded its business by acquiring a 65% controlling stake in Maxrotth Foods Limited, making it a subsidiary.

This strategic investment involved the allotment of 1,142,000 equity shares to Sylph Technologies for INR 2.0556 Cr, following an earlier purchase of 835,000 shares.

Maxrotth Foods, which focuses on exporting pulses, spices, and wholesale grocery, recorded a turnover of INR 9.4169 Cr and a PAT of INR 0.6241 Cr.

This move aims to broaden Sylph's operational footprint, particularly in the FMCG and food export sectors.