Sunshine Capital Limited’s Board of Directors has approved the consolidation of its equity shares at a ratio of 1:10. The move increases the face value of each share from ₹1 to ₹10.

The approval was given during the board meeting held on August 27, 2026, at the company’s registered office in New Delhi. The meeting concluded at 5:45 pm.

Proposal Details

The consolidated shares will have a face value of ₹10 each. The Board also approved the necessary alterations to the Capital Clause of the Memorandum of Association to reflect this change.

Next Steps

The proposal is subject to approval by shareholders in the ensuing Annual General Meeting (AGM). The company must also secure relevant statutory and regulatory approvals before implementation.

If approved, the Board will fix a record date to determine shareholder eligibility. This date will be communicated to stock exchanges in accordance with SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations.

The disclosure was made pursuant to Regulation 30 of the SEBI LODR Regulations, 2015, by Managing Director Surendra Kumar Jain.

Sunshine Capital Limited appointed Pramod Kumar Jha as Chief Financial Officer, effective August 27, 2026. The appointment was approved by the Board of Directors during a meeting held on the same date at its registered office in New Delhi.

The Board also considered and recommended the ratification of the appointment of M/s Parul Agrawal & Associates as the company’s Secretarial Auditor. This recommendation is subject to shareholder approval at the ensuing Annual General Meeting.

Key Appointments

Mr. Jha brings experience in accounts and general administrative matters to the role. His term will involve performing duties as prescribed under the Companies Act 2013 and SEBI Listing Obligations and Disclosure Requirements Regulations.

Parul Agrawal & Associates is a Delhi-based firm of Company Secretaries. The peer-reviewed firm provides professional services in corporate and SEBI laws.

The disclosures were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Surendra Kumar Jain, Managing Director, signed the communication on behalf of the Board.