Sunshine Capital Limited has scheduled its 32nd Annual General Meeting for September 22, 2026, to approve the consolidation of its equity share capital. The meeting will be held via video conferencing.

The company proposes consolidating every ten existing equity shares of face value ₹1 each into one equity share of face value ₹10 each. This structural change aims to rationalize the number of equity shares and facilitate efficient management of share capital and administrative matters.

Capital Restructuring Details

The consolidation will not alter the aggregate amount of the paid-up equity share capital of the company. Shareholders' proportionate ownership and rights will remain unchanged, subject to the treatment of fractional entitlements if applicable. The move requires consequential alterations to the Capital Clause of the Memorandum of Association.

Governance and Audits

Ms Priti Jain, Director (DIN: 00537234), retires by rotation and offers herself for re-appointment. She holds 21,897,600 shares in the company and possesses expertise in the financial sector. Ms Jain also serves on the boards of Sital Leasing and Finance Ltd.

The board recommends appointing M/s Parul Agrawal & Associates as the Secretarial Auditor for a four-year term covering financial years 2026-27 to 2029-30. The appointment follows recommendations from the Audit Committee and complies with Section 204 of the Companies Act, 2013.

Voting and Logistics

Remote e-voting commences on August 19, 2026, at 9:00 am and concludes on August 21, 2026, at 5:00 pm. The record date for voting rights is September 15, 2026. The register of members and share transfer book remains closed from September 16, 2026, to September 22, 2026.

Members can participate in the virtual meeting on a first-come, first-served basis for up to 1,000 participants. Large shareholders holding 2% or more, promoters, and institutional investors are exempt from this restriction.

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.