ENCLOSED HEREWITH BOARD MEETING OUTCOME FOR APPOINTMENT OF SECRETARIAL AUDITOR
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Suncity Synthetics' board, at its May 10, 2025 meeting, approved the audited financial results for Q4 and FY ended March 31, 2025, along with the audited reports. The company appointed M/s Amarendra Mohapatra & Associates as Secretarial Auditor for a 5-year term (FY2025-26 to FY2029-30) and Mrs. Aakansha Vaid as Internal Auditor for FY2025-26, both routine compliance matters. Financially, full-year total revenue dropped sharply to Rs. 118.08 lakhs from Rs. 216.32 lakhs in the previous year, while other equity turned deeply negative at Rs. -542.86 lakhs, signalling accumulated losses. The statutory auditor (S. Gandhi & Associates) issued an unmodified opinion, and there is no change in the statutory auditor during the year.
These are largely routine governance and compliance updates and are unlikely to move the stock on their own. However, the weak financials — declining revenue, negative net worth (other equity of -542.86 lakhs), and reported cash losses — point to ongoing business stress that investors should monitor closely.