Enclosed herewith REVISED BM OUTCOME DATED 20/03/2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Suncity Synthetics has filed a revised board meeting outcome correcting a typographical error in post-reduction share capital disclosure. The company is undertaking a preferential allotment of up to 30 lakh equity shares at Rs. 10 per share (face value) for Rs. 3 crore. Main allottee is promoter Sumita Mishra receiving 15.14 lakh shares (Rs. 1.51 crore). The capital reduction (pending NCLT approval) reduces share capital to Rs. 9.89 lakh (98,916 shares), after which the preferential issue will increase total shares to 30.98 lakh. The company also plans to increase authorized capital from Rs. 7 crore to Rs. 8 crore. An EGM is scheduled for April 30, 2026 for shareholder approval.
Significant dilution for existing shareholders as 30 lakh new shares will be issued, nearly tripling the share count. The preferential issue to a promoter and multiple non-promoter allottees may concentrate ownership. Shareholders should monitor voting outcomes at the EGM.