11:41 AM EDT, 06/10/2025 (MT Newswires) -- Sify Technologies ( SIFY ) said Tuesday it received a Nasdaq notice that it was not in compliance with listing rules requiring the majority of the board be composed of independent directors and that there be at least three members of the audit committee.

The non-compliance stemmed from the resignation of Ajay Kumar from the board, the company said, adding that it has until May 15, 2026 to regain compliance.

The company said the notice has no immediate impact on stock listing or trading and that it is actively engaged in identifying and evaluating the appointment of another independent director.

Sify ( SIFY ) shares were down 2.7% in recent trading.

Price: 4.72, Change: -0.13, Percent Change: -2.68