Enclosed herewith Scrutinizer Report and Voting Results
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Suncity Synthetics Ltd held its Extraordinary General Meeting on April 30, 2026 via video conferencing. Three resolutions were passed: (1) Increase in Authorised Share Capital passed with 99.39% shareholder approval (2,413,374 votes in favour vs 14,805 against). (2) Issue and Allotment of 30 million equity shares on preferential basis to promoters and non-promoters passed - promoter votes were excluded due to conflict of interest, with non-interested votes showing 164,991 in favour and 14,805 against. (3) Alteration of Main Object Clause of Memorandum of Association passed overwhelmingly with 99.996% approval (2,428,074 votes in favour vs 105 against). All resolutions were approved with requisite majority.
The share capital increase and preferential allotment of 30 million shares may lead to equity dilution for existing shareholders. The alteration of the Main Object Clause indicates the company may be diversifying or expanding its business scope, which could be positive for long-term growth prospects.