Suncity Synthetics Board Approves Preferential Issue of 30 Lakh Shares

Suncity Synthetics board approved a preferential issue of 30 lakh shares at Rs.10 each to raise Rs.3 crore, with allottees including promoter Sumita Mishra and nine others.
The company will seek shareholder approval to increase authorized capital from Rs.7 crore to Rs.8 crore at an EGM scheduled for 30th April 2026.
The board corrected a typographical error in the post-reduction share capital figure and clarified the preferential issue is separate from an ongoing capital reduction petition at NCLT.