Voting Results and Scrutinizer''s Report of the Extra-Ordinary General Meeting held on December 3, 2025.
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Synthiko Foils Limited (BSE: 513307) held an Extra-Ordinary General Meeting on December 3, 2025, where all three resolutions were passed by shareholders. Resolution 1 (Ordinary) approved an increase in the company's authorised share capital and the related amendment to the Memorandum of Association, with 4,98,897 votes (57.34% of outstanding shares) cast, all in favour. Resolution 2 (Special) approved a preferential issue of 1,36,08,849 equity shares via a share swap to acquire 100% of DC&T Global Private Limited (CIN: U63119PN2018PTC238306) on a fully-diluted basis. Resolution 3 (Ordinary) approved the related related-party transaction. For Resolutions 2 and 3, promoter votes (4,54,926 shares) were declared invalid due to promoter interest in the matter, leaving only 43,971 public votes polled (around 5% of outstanding shares), all in favour. Scrutinizer CS Chirag Sachapara certified the voting process as fair and transparent.
Shareholders should note this is a major acquisition event — the company is issuing roughly 1.36 crore new shares (vs. current base of 8,70,000 shares) as consideration to acquire DC&T Global Private Limited, which will substantially dilute existing shareholders. The extremely low public voter turnout on the acquisition and related-party resolutions means these passed almost entirely on minimal public participation, something investors should weigh carefully.