Wed Sep 18 14:54:00 UTC 2024: ## Sify Technologies to Implement ADS Ratio Change

**Chennai, India (September 18, 2024):** Sify Technologies Limited (Nasdaq: SIFY), a leading Indian ICT Solutions and Services provider, has announced a change in the ratio of its American Depositary Shares (ADSs) to equity shares. Effective on or around October 4, 2024, one ADS will represent six equity shares. This is effectively a one-for-six reverse ADS split.

The change will not impact an ADS holder’s proportional equity interest in the company, but will result in a reduction in the number of ADSs held. ADS holders with certificated ADSs will need to surrender their existing ADSs to Citibank, N.A., the depositary bank, for cancellation and receive one new ADS for every six surrendered. Holders of uncertificated ADSs will have their ADSs automatically exchanged.

Sify’s ADSs will continue to be traded on the NASDAQ Capital Market under the symbol “SIFY”. The company anticipates a proportional increase in the ADS price as a result of the change, although they cannot guarantee that the ADS price will be equal to or greater than six times the price before the change.

This move is expected to consolidate the company’s ownership structure and simplify trading. Sify Technologies remains focused on providing innovative ICT solutions to businesses of all sizes in India and globally.

**About Sify Technologies Limited:**

Sify Technologies Limited is a comprehensive ICT service & solution provider. With cloud at the core of its solutions portfolio, the Company is focused on the changing ICT requirements of the emerging digital economy. Sify boasts a robust infrastructure including state-of-the-art data centers, the largest MPLS network in India, and partnerships with leading global technology providers. The company serves over 10,000 businesses across multiple verticals in India and has an international presence in North America, the United Kingdom, and Singapore.

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