Proceedings of the 1st Extra-ordinary General Meeting of the Company.
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Sunita Tools Limited held its first Extra-Ordinary General Meeting on December 6, 2025, via video conferencing from 1:00 PM to 1:20 PM. A total of 19 members, including 4 directors, attended the meeting, which was chaired by Mr. Sanjay Kumar Pandey, Chairperson & Whole-time Director. Two key items were transacted: (1) an Ordinary Resolution to increase the authorised share capital and amend the capital clause of the Memorandum of Association, and (2) a Special Resolution to approve the issue of warrants convertible into equity shares on a preferential basis. Voting was conducted through remote e-voting (December 2–5, 2025) and a 15-minute e-voting window after the meeting, with results to be announced within 2 working days.
The approval for increasing authorised capital and issuing convertible warrants on a preferential basis signals potential equity dilution for existing shareholders. Investors should watch for the voting results and the terms of the preferential warrant issue (price, number of warrants, and identity of allottees) to assess the impact on shareholding and stock price.