Revised Notice of 1st Extraordinary General Meeting (EOGM) to be held on Saturday, December 06, 2025
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Sunita Tools Ltd has issued a revised notice for its 1st Extraordinary General Meeting (EGM) to be held on Saturday, December 06, 2025 at 1:00 PM via video conferencing. The revision was made only to fix an inadvertent error in the covering letter; the agenda remains unchanged. Two special businesses will be transacted: (1) an increase in authorised share capital from ₹7 crore to ₹8 crore by creating 10 lakh additional equity shares of ₹10 each, requiring an alteration to the Memorandum of Association; and (2) approval for issuing 8,73,282 convertible warrants on a preferential basis at ₹800 per warrant, aggregating to about ₹69.86 crore, to 18 non-promoter/public allottees. Each warrant is convertible into one equity share of ₹10 at a premium of ₹790, with an 18-month exercise window and a 25% upfront payment requirement. The largest allottee is Anil Yadav at 5,30,870 warrants, followed by Shruti Agrawal at 90,000 and Rashi Fincorp at 65,000.
If approved, existing shareholders will see dilution of about 12-13% on a fully converted basis (8.73 lakh new shares vs current 70 lakh authorised base). The ~₹70 crore preferential raise brings fresh equity capital but at a price significantly above face value, which is positive for capital structure; the warrants structure means actual cash inflow is staggered over 18 months.