Sify Technologies Faces Nasdaq Compliance Challenge After Board Resignation

Sify Technologies ( (SIFY) ) has shared an update.

On May 21, 2025, Sify Technologies announced the resignation of Dr. Ajay Kumar from its Board of Directors, leading to non-compliance with Nasdaq’s independent director and audit committee requirements. The company received a notice from Nasdaq on June 5, 2025, but was granted a cure period to regain compliance by May 15, 2026, or earlier if the next annual shareholders’ meeting occurs before November 11, 2025. Sify is actively seeking a new independent director to address this issue, although there is no immediate impact on the company’s Nasdaq listing. Failure to comply within the cure period could result in delisting, with the option to appeal.

Spark’s Take on SIFY Stock

According to Spark, TipRanks’ AI Analyst, SIFY is a Neutral.

Sify Technologies’ stock is supported by strong technical momentum and robust revenue growth. However, declining profitability and the absence of valuation benchmarks pose challenges. The earnings call provided a balanced outlook, with strategic growth initiatives being offset by current financial losses. Overall, the stock reflects potential amidst operational and financial challenges.

To see Spark’s full report on SIFY stock, click here.

More about Sify Technologies

Sify Technologies is India’s most comprehensive integrated information communications technology (ICT) service and solution provider. The company focuses on the evolving ICT needs of the digital economy, offering solutions centered around digital and AI technologies. Sify’s infrastructure includes state-of-the-art data centers, the largest MPLS network, and partnerships with global technology leaders, making it a preferred choice for startups, SMEs, and large enterprises. With a presence in over 1700 cities in India and internationally in North America, the UK, and Singapore, Sify serves more than 10,000 businesses across various sectors.

Average Trading Volume: 52,536

Technical Sentiment Signal: Hold

Current Market Cap: $358.2M

See more data about SIFY stock on TipRanks’ Stock Analysis page.