Suncity Synthetics Limited held a Board Meeting on Friday, August 14, 2026 at 4:00 PM at the company's registered office in Mumbai. The meeting concluded at 6:00 PM.
The Board considered and approved the withdrawal of the company's in-principle application for a proposed preferential issue of 30,00,000 (30 lakh) equity shares.
The decision to withdraw the application was based on two key factors:
- The process for obtaining requisite approvals for the preferential issue has taken longer than initially anticipated
- Certain existing proposed allottees have withdrawn their willingness to participate in the proposed preferential issue during the intervening period
In view of these circumstances and the change in proposed participation by identified allottees, the company decided not to proceed with the proposed preferential issue in its present form.
The Board authorized the company to request BSE Limited to withdraw and close the in-principle application. The company will make further filings, disclosures, and submissions with stock exchanges and other regulatory authorities as required under applicable laws and regulations.
The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The document was digitally signed by Sumita Mishra, Managing Director (DIN: 00207928), on August 14, 2026 at 6:15:32 PM.