Suncity Synthetics Preferential Issue 30 Lakh Shares

Suncity Synthetics Limited issued a revised board meeting outcome dated 23rd March 2026, correcting a typographical error in post-reduction share capital disclosure.
Board approved preferential allotment of 30,00,000 equity shares at Rs. 10/- each to 12 allottees, raising Rs. 3,00,00,000/-, subject to shareholder and regulatory approvals.
Post-allotment share capital will comprise 30,98,916 equity shares of Rs. 10/- each, totalling Rs. 3,09,89,160/-, contingent on pending NCLT capital reduction approval.
EGM scheduled for 30th April 2026 via VC/OAVM; relevant date for preferential issue fixed as 30th March 2026.