Notice of 1st Extraordinary General Meeting (EOGM) to be held on Saturday, December 06, 2025
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Sunita Tools Limited has called its 1st Extraordinary General Meeting on Saturday, December 06, 2025 at 1:00 PM via video conferencing. Two special businesses are on the agenda: (1) increasing the authorised share capital from ₹7 crore to ₹8 crore by creating 10 lakh additional equity shares of ₹10 each, and (2) issuing 8,73,282 convertible warrants at ₹800 each on a preferential basis to 18 non-promoter/public allottees, aggregating to about ₹69.86 crore. Warrant holders must pay 25% upfront with the remaining 75% on conversion within 18 months, otherwise the warrants lapse and the upfront amount is forfeited. The largest proposed allottee is Anil Yadav (5,30,870 warrants), followed by Shruti Agrawal (90,000) and Rashi Fincorp Limited (65,000). The e-voting window runs from December 02 to December 05, 2025, with November 29, 2025 as the cut-off date.
If approved and fully converted, the warrant issue could bring in around ₹69.86 crore but will dilute existing shareholders' stakes since all warrants are being issued to non-promoter/public category allottees. The ₹790 premium per share over the ₹10 face value signals strong valuation expectations by the incoming investors.