As approved by the Board of Directors at their meeting held on 17th September 2025 we are enclosing herewith Addendum to the Notice of the 36th Annual General Meeting to be held on 23rd ....
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Awaiting price reaction for this filing.
Suryo Foods & Industries has issued an addendum to its 36th AGM notice (scheduled for 23rd September 2025) seeking shareholder approval to increase the authorized share capital from Rs. 10 crore to Rs. 15 crore, by adding 50 lakh new equity shares of Rs. 10 each. The Board approved this on 17th September 2025. The company stated this increase is needed because it plans to raise funds in the future through a preferential issue, rights issue, or another suitable method, and the current authorized capital is insufficient. The resolution will be tabled as an ordinary resolution, requiring simple majority approval. No details on pricing, timing, or the specific mode of the future fund raise have been disclosed yet.
This is a preparatory step and does not immediately dilute existing shareholders. However, if the company proceeds with the planned equity issuance (preferential or rights), it could lead to dilution depending on the price and mode. Investors should watch for the next announcement with specifics on the fund raise.