Sun Retail Limited shareholders approved the issuance of up to 46,98,32,000 fully convertible equity warrants through a preferential allotment during the company's 19th Annual General Meeting held on September 30, 2026.

The meeting, conducted via Video Conference/Other Audio-Visual Means from 2:00 pm to 2:16 pm, saw all five proposed resolutions pass with a requisite majority. The voting results were scrutinized by Himanshu Gupta of M/s. Himanshu S K Gupta & Associates, who confirmed that every resolution received 100% votes in favour and zero against.

Key resolutions passed

The shareholders adopted the financial statements for the financial year ended March 31, 2026, along with the Board and Auditors' reports. A significant capital action was also ratified:

• Preferential Allotment: Approval to issue and allot up to 46,98,32,000 fully convertible equity warrants in one or more tranches on a preferential basis.
• Director Appointments: Regularization of Mrs. Khyati Bhavya Shah as Non-Executive Independent Director and Mr. Bharatbhai Kanjibhai Patel as Non-Executive Non-Independent Director.
• MD Appointment: Regularization of Mr. Sanjay Patil as Managing Director, including approval of his terms and remuneration.

Voting participation details

The e-voting facility was open from September 26, 2026, to September 29, 2026. The total number of shareholders on the record date (September 23, 2026) stood at 1,677. Notably, no promoters or promoter group members voted via remote e-voting or attended physically, while 21 public shareholders participated via video conferencing.

What the numbers show

A striking pattern emerges when comparing the voting turnout against the total shareholding structure. While the company had 15,51,68,000 outstanding shares, only 46,76,640 votes were polled across all categories. This represents a mere 3.01% of the total outstanding shares participating in the vote. Furthermore, the entire voting power exercised came from "Public-Non Institutions," as both Promoter Group and Public-Institutions recorded zero votes. This indicates that the decision-making authority for this preferential issue rested entirely with a small fraction of retail public shareholders.

Sun Retail issued a corrigendum on September 21, 2026, to amend the notice for its 19th Annual General Meeting. The company clarified that the meeting will be conducted exclusively through Video Conferencing or Other Audio-Visual Means, correcting an earlier error that listed a physical venue.

The original notice, dated September 8, 2026, inadvertently specified the registered office in Ahmedabad as the location for the gathering. The correction removes all references to a physical venue, ensuring shareholders understand the event is virtual.

Meeting Details

The 19th AGM is scheduled for Wednesday, September 30, 2026, at 2:00 pm. Shareholders are required to participate remotely without physical presence at any common venue.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The corrigendum forms an integral part of the original notice and should be read in conjunction with it.

Sanjay Patil, Managing Director, signed the communication from Ahmedabad. All other terms and disclosures in the original notice remain unchanged.