ENCLOSED HEREWITH VOTING RESULT OF 37th AGM HELD ON 02/08/2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Suncity Synthetics Limited held its 37th AGM on 2nd August 2025 via video conferencing, lasting just 9 minutes (2:00 PM to 2:09 PM). All 5 resolutions were passed with the requisite majority. Three ordinary resolutions covered adoption of FY25 audited financial statements, reappointment of Mr. Ramesh Chandra Mishra as Director (retiring by rotation), and appointment of Mr. Amarendra Mohapatra as Secretarial Auditor for 3 years. Two special resolutions approved the reduction of share capital and its implementation. Out of 3,246 shareholders on record date, only 1 promoter and 16 public shareholders attended via VC. Total voting participation was 55.88% of outstanding shares (2,763,596 shares), with promoters voting 100% in favor on all resolutions. Public non-institutional shareholders showed notable dissent of 12-13% against each resolution.
Capital reduction is a notable corporate action that could affect share value and per-share metrics—shareholders should watch for further updates on the implementation timeline. The significant public dissent (12-13% against) signals some minority shareholder dissatisfaction, though all resolutions passed comfortably.