Enclosed herewith Outcome and Proceedings of 37th Annual General Meeting of the company
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Suncity Synthetics Limited held its 37th AGM on 2nd August 2025 via video conferencing, lasting only 10 minutes (2:00 PM to 2:10 PM). Out of 3,246 total shareholders as of the cut-off date (26th July 2025), only 17 members attended the meeting. Five resolutions were passed, including adoption of the FY25 audited financial statements, reappointment of Director Ramesh Chandra Mishra (retiring by rotation), and appointment of Mr. Amarendra Mohapatra as Secretarial Auditor for three years (FY 2025-26 to 2027-28). Two special resolutions on reduction of capital of the company were also approved. Statutory and Secretarial Auditors reported no qualifications, observations, or adverse remarks for FY25. Remote e-voting was conducted between 30th July and 1st August 2025, with results and the scrutinizer's report to be filed with BSE by 5th August 2025.
The capital reduction special resolutions are the most material outcome for shareholders as they can directly affect share value and ownership structure — investors should review the detailed voting results when released by 5th August. The very low AGM attendance (17 of 3,246 shareholders) is notable and may reflect the company's small retail base.