Compliance with the SEBI (LODR) Regulations, 2015 - Submisssion of Scrutinizer Report of 01st EGM
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Sunita Tools Ltd held its 1st Extra-Ordinary General Meeting on December 06, 2025, through video conferencing. Two special resolutions were put to vote via remote e-voting, and both were passed unanimously with 100% approval. Resolution 1 relates to increasing the authorised share capital and altering the capital clause of the Memorandum of Association. Resolution 2 seeks approval for the issue of warrants convertible into equity shares on a preferential basis. A total of 9 members cast 30,15,820 votes, all in favour of both resolutions, with no votes against and no invalid votes. The Scrutinizer's report was submitted to BSE on December 09, 2025 by Practicing Company Secretary Mayuri Rupareliya.
The 100% approval signals strong shareholder backing for the company's capital expansion plans. The preferential issue of convertible warrants is likely a fund-raising exercise that may lead to dilution of existing equity shareholders once the warrants are exercised, though it provides the company with fresh capital or promoter infusion potential.