Suncity Synthetics Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/03/2026 ,inter alia, to consider and approve 1. Considering the fund ....
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Suncity Synthetics has informed BSE that its Board of Directors will meet on March 20, 2026 at 4:00 PM to consider raising funds for the company. The primary proposal is a Preferential Issue of shares. Additionally, the Board will evaluate raising capital through other routes such as equity shares, equity-linked instruments, convertible loans, convertible preference shares, convertible debentures, warrants, Qualified Institutional Placement (QIP), public issue, or rights issue. No specific amount, pricing, or investor details have been disclosed yet.
This intimation signals a potential equity dilution event for existing shareholders, as the company is exploring multiple fundraising avenues. Investors should watch for the board meeting outcome on March 20 for details on the size, pricing, and structure of the proposed capital raise, which will determine the actual dilution impact.