SUNCITY SYNTHETICS LTD.

Reprocesses synthetic and PET bottle waste as its stated line of business, but FY26 filings disclose no production activities took place during the year. Net revenue of Rs. 75.08 lakhs in FY26 was down roughly 36% from Rs. 116.93 lakhs in FY25, and the return to a Rs. 3.85 lakh net profit was driven primarily by exceptional items of Rs. 40.06 lakhs from asset sales rather than operations. Operating cash flow swung to a negative Rs. 80.39 lakhs from a positive Rs. 270.27 lakhs the prior year, and other equity stands deeply negative at Rs. 639.04 lakhs, indicating severe capital erosion. Q4 FY26 itself posted a loss of Rs. 5.50 lakhs on total income of Rs. 32.07 lakhs. Cost structure shows materials at 117.9% of revenue, employee cost at 3.8%, other opex at 9.7%, depreciation at 8.2% and capex at 0.0% of revenue, with no production recorded. The board has approved amending the Main Object Clause to add real estate development (residential, commercial, industrial, township and infrastructure) and general trading/import-export, subject to shareholder approval, signalling a planned pivot away from the existing synthetic-waste business.