Enclosed herewith Board Meeting Intimation dated 20/03/2026
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Suncity Synthetics has informed BSE that its Board of Directors will meet on March 20, 2026 at 4:00 p.m. to consider raising funds for the company. The Board will evaluate multiple options including preferential issue of shares, equity shares, convertible loans, convertible preference shares, fully or partially convertible debentures, non-convertible debentures with warrants, private placement, Qualified Institutions Placement (QIP), further public issue, or rights issue. The company has not disclosed specific details such as issue size, pricing, or the investors involved. The agenda also includes discussion of any other matters the Board may decide.
This is a preliminary intimation and no concrete fund-raising decision has been announced yet. Existing shareholders should watch for dilution risk if a preferential issue or QIP is approved. The stock could see short-term volatility depending on the final structure, size, and price of the issue once the Board decides on March 20, 2026.