- Sify Technologies (SIFY, Financial) has regained compliance with NASDAQ listing standards as of July 8, 2025.
- The company addressed prior non-compliance by appointing Dr. Ram Sewak Sharma as an independent director.
- Sify shares continue to trade under the symbol "SIFY" on the NASDAQ Capital Market.
Sify Technologies Ltd. (SIFY), a leading ICT solutions provider in India, has successfully regained compliance with NASDAQ's listing requirements. This compliance was confirmed by NASDAQ on July 8, 2025, following the appointment of Dr. Ram Sewak Sharma as an independent director and audit committee member on June 20, 2025. The appointment resolved the company's previous non-compliance due to the resignation of Dr. Ajay Kumar from the board on May 21, 2025.
The NASDAQ requirements in question, specifically Rules 5605(b)(1) and 5605(c)(2), mandate that the majority of a company's board must consist of independent directors and that its audit committee must include at least three independent directors. Sify Technologies had informed NASDAQ in May 2025 of its non-compliance, which was subsequently confirmed by NASDAQ on June 5, 2025.
With the recent changes, Sify Technologies has been assured that the matter is resolved, allowing it to maintain its listing on the NASDAQ Capital Market, where it trades under the symbol "SIFY". Sify, known for its robust ICT infrastructure and services, continues to operate as a key player in the telecom services sector, serving over 10,000 businesses across India and internationally.
