Notice of 38th Annual General Meeting to be held on Saturday, July 26, 2025
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Sunita Tools Ltd has issued the notice for its 38th Annual General Meeting scheduled for Saturday, July 26, 2025, at 12:30 PM IST, to be conducted via Video Conference (VC) / Other Audio-Visual Means (OAVM). Ordinary business includes adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, appointment of Mr. Sanjay Kumar Pandey as Whole Time Director (retiring by rotation), and re-appointment of M/s. K. M. A. & Co., Chartered Accountants (FRN: 111899W) as Statutory Auditors for a second term of three years (till the 41st AGM in 2028). A Special Resolution seeks shareholder approval to raise capital by issuing up to 5,00,000 equity shares of Rs. 10 each through further public offer, qualified institutions placement, private placement, rights issue, or a combination thereof. Remote e-voting will be open from July 22 to July 25, 2025, with the cut-off date set as July 19, 2025.
The capital-raising proposal of up to 5 lakh equity shares (size not capped by a specific rupee amount) could lead to dilution for existing shareholders, depending on the final issue price and mode of allotment. Re-appointment of the existing statutory auditor and director are routine items. Investors should review the Board's rationale and the explanatory statement before voting on the capital raise resolution.