Sunita Tools Limited , a company known for its tooling solutions, recently held an Extraordinary General Meeting (EGM) that resulted in significant corporate actions. The EGM, which took place on December 6, 2025, saw shareholders unanimously approving two key resolutions through remote e-voting.

Key Resolutions Approved

1. Increase in Authorized Capital: Shareholders approved an increase in the company's authorized capital, along with consequent alterations to the capital clause in the Memorandum of Association.

2. Issuance of Convertible Warrants: The meeting also resulted in the approval for issuing warrants that are convertible into equity shares on a preferential basis.

Voting Details

The company provided a detailed breakdown of the voting results for both resolutions:

Resolution 1: Increase in Authorized Capital

Resolution 2: Approval of Convertible Warrants

Both resolutions passed with a 100% approval rate, demonstrating strong shareholder support for the company's proposed actions.

Implications

The approval of these resolutions could have significant implications for Sunita Tools Limited:

1. The increase in authorized capital may provide the company with more flexibility for future fundraising or expansion plans.
2. The issuance of convertible warrants on a preferential basis could potentially lead to an influx of new capital, which might be used for various corporate purposes such as debt reduction, working capital needs, or funding growth initiatives.

Investors and stakeholders will likely be watching closely to see how the company utilizes these newly approved financial instruments and what impact they may have on the company's future growth and performance.

As always, it's important for investors to conduct their own research and consider their individual financial situations before making investment decisions based on corporate actions like these.

Sunita Tools Limited , a recognized leader in the Mould base industry and an emerging manufacturer of Defence products, has announced a significant expansion of its manufacturing capabilities. The company has acquired a second factory building on rent in Faridabad, marking a crucial step in its defence manufacturing roadmap.

Expansion Details

• New Facility: Second factory building acquired on rent in Faridabad
• Purpose: To house Line 2 for artillery shell manufacturing
• Planned Production Start: October 2026
• Funding: Loan from Directors

Strategic Importance

This expansion represents a significant milestone for Sunita Tools Limited, demonstrating the company's commitment to strengthening its position in the defence manufacturing sector. The new facility is expected to enhance the company's production capacity for artillery shells, a critical component in the defence industry.

Management Commentary

Mr. Sanjay Kumar Pandey, Whole Time Director of Sunita, commented on the development:

"We are pleased to announce the acquisition, on rent, of our second factory building in Faridabad dedicated to the manufacturing of artillery shells. This facility will house Line 2, and installation and commissioning of the required machinery is planned to be completed by October 2026. The timely infusion of funds as a loan by the Directors has significantly expedited the project, enabling us to progress well ahead of schedule. With this expansion, we remain fully committed to strengthening our Defence manufacturing capabilities and delivering on all project timelines."

Company Background

Sunita Tools Limited boasts over three decades of experience in the Engineering and Mould Base Industry. The company's core expertise lies in the manufacture of Ground Plates, Mould Bases, and Precision CNC Machining. Their products serve as essential components for various manufacturing industries, including Automotive, Pharmaceutical, Electronics, Consumer Goods, Aerospace, and Defence sectors.

Looking Ahead

The expansion into artillery shell manufacturing represents a strategic diversification for Sunita Tools Limited. As the company progresses towards the planned commencement of commercial production in October 2026, investors and industry observers will be keen to see how this move strengthens Sunita Tools' position in the defence manufacturing sector and impacts its overall business performance.

Note: This expansion plan is subject to various factors, including the timely delivery of critical hydraulic presses by the vendor. Investors are advised to monitor further updates from the company regarding the progress of this expansion project.