Sunteck Realty Limited has informed the Exchange about Shareholders meeting
SUNTECK · price
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Sunteck Realty Limited held its 42nd Annual General Meeting on 30th September 2025 via video conferencing, attended by all directors and auditors. Ten resolutions were tabled, including adoption of FY25 financial statements, declaration of a final dividend of ₹1.50 per equity share, re-appointment of a retiring director and statutory auditors, and approval of remuneration for the Company Secretary and Cost Auditor. Two special resolutions were also put forward — one for issuing convertible warrants on a preferential basis to promoters/promoter group and non-promoters, and another enabling the company to raise further funds through securities. A new Executive Director, Mr. Ajeet Singh, was also proposed for appointment. E-voting results via NSDL will be shared with the stock exchanges separately within the regulatory timeframe.
Shareholders stand to receive a ₹1.50 per share final dividend for FY25, but the preferential warrant issue and enabling securities resolution could lead to potential equity dilution. The new Executive Director appointment and key governance approvals signal continuity, though the fundraising resolutions may pressure the stock in the short term depending on issue pricing.