Sunita Tools Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/11/2025 ,inter alia, to consider and approve 1. The increase in authorised ....
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Sunita Tools has scheduled a Board Meeting on November 8, 2025 to consider several items. First, increasing the authorised share capital from ₹7 crore (70 lakh equity shares of ₹10 each) to ₹8 crore (80 lakh equity shares of ₹10 each). Second, issuing fresh equity shares via a preferential allotment under SEBI ICDR rules, pending shareholder approval. Third, taking an unsecured loan of up to ₹25 crore from Directors or related parties, which can later be converted into equity shares. The Board will also approve the draft notice for an Extra-Ordinary General Meeting (EGM) to seek shareholder approval. The trading window for insiders is already closed till November 10, 2025.
Existing shareholders should watch for dilution risk — both the preferential issue of new shares and the potential conversion of the ₹25 crore loan into equity will increase the share count and dilute their holdings. The size and price of the preferential issue, to be disclosed after the Board meeting, will be the key number to assess.