Suncity Synthetics Limited has issued a formal notice under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, announcing its Extra-Ordinary General Meeting scheduled for April 30, 2026, at 2:00 PM IST. The meeting will be conducted through Video Conferencing and Other Audio Visual Means in compliance with MCA and SEBI circulars.

EGM Procedural Framework

The company has engaged Central Depository Services (India) Limited to provide e-voting facilities and VC infrastructure for member participation. The EGM notice will be distributed electronically to members whose email addresses are registered with the company or depository participants, ensuring compliance with regulatory requirements.

Preferential Share Issue Resolution

The primary agenda involves approval of a preferential issue of up to 30,00,000 equity shares at Rs. 10.00 per share, aggregating to Rs. 3,00,00,000. The issue comprises allocations to one promoter and eleven non-promoter investors, with promoter Sumita Mishra receiving the largest allocation of 15,14,000 shares worth Rs. 1,51,40,000.

Fund Utilization and Capital Structure

The proceeds will be allocated towards working capital requirements of Rs. 2,00,00,000 and general corporate purposes totaling Rs. 1,00,00,000. General corporate purposes include rental deposits and hardware purchases (Rs. 20,00,000), marketing expenses (Rs. 25,00,000), business development (Rs. 15,00,000), and salary-related expenses (Rs. 40,00,000).

Post-Allotment Shareholding Structure

Following the preferential allotment, the company's paid-up share capital will increase from the current reduced capital of Rs. 9,89,160 (98,916 equity shares) to Rs. 3,09,89,160 comprising 30,98,916 equity shares. Promoter shareholding will increase from 45.46% to 50.31%, while public shareholding will decrease from 54.54% to 49.69%.

E-Voting and Member Participation

Members holding shares as on the cut-off date of April 23, 2026, will be entitled to participate in remote e-voting and EGM voting. The remote e-voting period commences on April 27, 2026, at 9:00 AM and concludes on April 29, 2026, at 5:00 PM. The company has provided detailed login procedures for shareholders holding securities in demat mode with CDSL and NSDL, along with helpdesk contact information for technical assistance.

Suncity Synthetics Limited announced the outcome of its board meeting held on April 6, 2026, where directors approved significant alterations to the company's Memorandum of Association. The meeting, conducted at the registered office from 6:00 P.M. to 7:00 P.M., focused on expanding the company's business scope through strategic amendments.

Board Decisions and MOA Alterations

The board approved the alteration of the Main Object Clause of the Memorandum of Association by inserting two new clauses after the existing Clause III (A) (1). These amendments are subject to shareholder approval in the forthcoming Extra-Ordinary General Meeting.

Expansion into Real Estate and Infrastructure

The first new clause, III (A) (2), enables the company to enter the real estate and infrastructure development sector. This comprehensive amendment allows Suncity Synthetics to carry on business activities including acquisition, purchase, sale, lease, exchange, development, and dealing in land, buildings, and other immovable properties.

The expanded scope encompasses planning, designing, constructing, developing, and maintaining residential, commercial, industrial, and mixed-use projects, including townships and complexes. Additionally, the company can now undertake and execute infrastructure projects such as roads, bridges, highways, drainage systems, water supply, power, and other public utilities.

General Trading and Manufacturing Operations

The second new clause, III (A) (3), broadens the company's operational capacity to include comprehensive trading and manufacturing activities. This amendment allows Suncity Synthetics to operate as general merchants and traders, manufacturers, assemblers, distributors, importers, exporters, factors and shippers of wholesale and retail dealers in all types of goods, wares, produce, products, commodities, handicrafts and merchandise of every description.

The company can now act as agents for and enter into agreements and arrangements of all kinds on behalf of other persons, firms, or companies, whether in India or abroad.

EGM Notice Modification

The board also addressed the modification of the Extra-Ordinary General Meeting notice, which should be read in conjunction with items mentioned in the earlier outcome dated March 20, 2026. This indicates that the current amendments are part of a broader restructuring initiative undertaken by the company.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was digitally signed by Managing Director Sumita Mishra (DIN: 00207928) and submitted to BSE Limited for regulatory compliance.

These strategic amendments represent a significant diversification move for Suncity Synthetics Limited, expanding beyond its current operations into real estate development, infrastructure projects, and comprehensive trading activities, subject to shareholder approval in the upcoming Extra-Ordinary General Meeting.