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Suditi Industries' board, meeting on June 23, 2025, approved multiple items ahead of the 34th AGM. The key decision is a preferential allotment of up to 15,74,182 equity shares (face value Rs. 10) to 11 non-promoter investors at Rs. 57.05 per share, raising up to Rs. 8.98 crore. Allottees include ANG Corporate Services (3.5 lakh shares), Sanjay Thakur HUF (3.5 lakh shares), Masada Lake Enterprises LLP, Sushant Goel (1.75 lakh shares each), and others. The board also approved the appointment of M/s Shambhu Gupta & Co as Internal Auditor for FY26 and Ms. Amita Karia as Secretarial Auditor for five years (FY26-FY30). Mr. Manish Harishchandra Singh's regularization as Non-Executive Non-Independent Director for five years was recommended. The 34th AGM is scheduled for July 16, 2025 via video conference, with July 9, 2025 as the e-voting cut-off date. Shareholders' approval is needed for the preferential issue.
The Rs. 8.98 crore preferential issue to non-promoters will dilute existing shareholders' stake and brings in new investors at a Rs. 47.05 premium per share. While this raises growth capital, the share price may see short-term pressure from dilution. The AGM on July 16, 2025 is the next key event to watch.