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Suncare Traders Ltd held its 28th AGM on 26 September 2025, which ran from 4:00 PM to 4:30 PM. Five resolutions were passed by shareholders. These included routine items such as adopting the audited financial statements for FY ended 31 March 2025 and re-appointing Mr. Harshad Rathod as a director (who retires by rotation). A new firm, M/s Goenka Mehta and Associates, was appointed as statutory auditor, replacing the previous one. Two special resolutions were also approved: one to raise the company's borrowing limit under Section 180(1)(c), and another to allow the company to make investments, give loans, and provide guarantees beyond the limits specified under Section 186 of the Companies Act. Detailed voting results will be filed separately.
The approval to increase borrowing limits and cross the Section 186 thresholds signals the company may be planning to take on more debt or extend loans and guarantees, which could expand operations but also increase financial risk. Shareholders should watch the voting result disclosure and any future announcements on how these additional powers are used.