Intimation and Notice of EGM is attached.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Synthiko Foils Limited (BSE: 513307) has called an EGM on December 3, 2025 at 12:30 PM via video conferencing, with three key items on the agenda. First, the company plans to raise its authorized share capital from Rs. 1 crore to Rs. 20 crore (from 10 lakh to 2 crore equity shares of Rs. 10 each). Second, it proposes to issue 1.36 crore equity shares on a preferential basis at Rs. 769.16 per share (including a Rs. 759.16 premium), aggregating to about Rs. 1,046.74 crore - but this is a non-cash share swap to acquire 100% of DC&T Global Private Limited. Third, shareholders will vote on this transaction as a related party deal since key promoters of DC&T will become new promoters of Synthiko Foils. Post-allotment, Umesh Kumar Sahay will hold 44.07% and Abhishek Narbaria will hold 9.43% in the listed entity, signalling a complete change in controlling shareholders.
Existing shareholders of Synthiko Foils will face massive dilution as the company's share base expands dramatically via the share-swap acquisition of DC&T Global. The transaction effectively hands control of the listed company to DC&T's promoters, meaning the business focus and management of Synthiko Foils will likely shift entirely. The preferential issue price of Rs. 769.16 is a benchmark that may influence near-term price discovery, but the swap nature means no fresh cash comes into the company.