Outcome and Proceeding of the Extra-Ordinary General Meeting held on December 3, 2025.
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Synthiko Foils Limited (BSE Scrip Code: 513307) held an Extra-Ordinary General Meeting (EGM) on December 3, 2025, at 12:30 PM via video conferencing, attended by 34 members. Three resolutions were put to vote: (1) increasing the authorised share capital and amending the Memorandum of Association (Ordinary Resolution), (2) a preferential issue of 1,36,08,849 equity shares through a share swap (consideration other than cash) to acquire 100% of DC&T Global Private Limited on a fully-diluted basis (Special Resolution), and (3) approval of a Related Party Transaction (Ordinary Resolution). The meeting was chaired by Managing Director Abhishek Narbaria and concluded at 1:08 PM. Voting results will be filed with BSE within two working days.
The EGM centres on a significant acquisition funded entirely through a share swap, which will issue around 1.36 crore new equity shares and dilute existing shareholders. The accompanying related party transaction approval is a notable governance signal—shareholders should watch the voting results closely to see how the deal was received.