Sunita Tools Limited , a prominent player in the tools manufacturing sector, has announced significant corporate actions aimed at bolstering its financial position and expanding its equity base. The company's Board of Directors has approved a series of strategic moves, including an increase in authorized share capital and the issuance of convertible warrants.

Authorized Share Capital Increase

The Board has given the green light to increase the company's authorized share capital from ₹7 crore to ₹8 crore. This expansion will see the number of equity shares rise from 70 lakh to 80 lakh, with each share maintaining a face value of ₹10. This move is subject to shareholder approval and will require an amendment to the Capital Clause of the company's Memorandum of Association.

Convertible Warrants Issue

In a significant fundraising initiative, Sunita Tools has approved the issuance of 8,73,282 convertible warrants at a price of ₹800 each. This preferential issue to 18 non-promoter investors is expected to raise approximately ₹69.86 crore. The key details of this warrant issue are as follows:

• Conversion Ratio: Each warrant is convertible into one equity share
• Conversion Period: Within 18 months from the date of allotment
• Payment Terms: 25% upfront, remaining 75% on conversion

Shareholding Impact

The warrant issuance, upon full conversion, will lead to a notable shift in the company's shareholding structure:

Unsecured Loan from Directors

In addition to these equity-related actions, the company has accepted an unsecured loan totaling ₹24.52 crore from three of its directors:

• Satish Pandey
• Sanjay Pandey
• Ragini Pandey

This loan, dated November 4, 2025, provides additional financial flexibility to the company.

Next Steps

The company will convene an Extra-ordinary General Meeting to seek shareholder approval for these proposals. The Board has already approved the draft notice for this meeting and appointed a scrutinizer to oversee the process.

These corporate actions reflect Sunita Tools Limited's proactive approach to strengthening its capital structure and financial position. The infusion of funds through the warrant issue and the expansion of the authorized share capital are likely to provide the company with increased financial flexibility for its future growth plans.

Sunita Tools Limited , a company listed on the BSE (Scrip Code: 544001), has reported significant changes in its promoter shareholding. Two promoters, Sanjay Pandey and Satish Pandey, have reduced their stakes in the company through open market transactions on November 3, 2025.

Sanjay Pandey's Stake Reduction

Sanjay Pandey, a promoter of Sunita Tools Limited, disposed of 1,31,500 shares through open market transactions. This sale has resulted in a decrease in his shareholding from 15,86,600 shares (25.26% of the total share capital) to 14,55,100 shares (23.17% of the total share capital).

Satish Pandey's Stake Reduction

In a separate transaction on the same day, Satish Pandey, another promoter of the company, sold 1,80,000 shares in the open market. This sale reduced his shareholding from 14,35,630 shares (22.86% of the total share capital) to 12,55,630 shares (19.99% of the total share capital).

Impact on Promoter Holding

The combined effect of these transactions has led to a significant reduction in the promoter holding of Sunita Tools Limited. Here's a breakdown of the changes:

Company Details

• Company Name: Sunita Tools Limited
• CIN: U29220MH1988PLC045850
• Stock Exchange: BSE Limited
• ISIN: INE0Q1S01010
• Total Equity Share Capital: 62,80,461 shares (unchanged after the transactions)

These disclosures were made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company's total equity share capital remains unchanged at 62,80,461 shares following these transactions.

Investors and market participants may want to note these changes in promoter shareholding, as they could potentially impact the stock's performance and market perception. However, it's important to consider that share sales by promoters can occur for various reasons and may not necessarily reflect on the company's fundamental performance or future prospects.