ENCLOSED HEREWITH OUTCOME OF BOARD MEETING DATED 06/04/2026
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Suncity Synthetics Ltd's board has approved alterations to its Memorandum of Association to expand into new business areas. The company plans to enter real estate development, including residential, commercial, and industrial projects, as well as infrastructure activities like roads, bridges, and utilities. Additionally, the company will now be able to act as general merchants, traders, manufacturers, and importers/exporters of various goods. These changes require approval from shareholders at an Extra-Ordinary General Meeting. The meeting lasted one hour and was held at the company's registered office in Mumbai.
This diversification into real estate and infrastructure signals a significant strategic shift for the company beyond its original synthetic textiles business. Shareholders should expect a vote on these changes at the upcoming EGM.