Latest news about Suncity Synthetics
Suncity Synthetics
9.59
-0.50(-4.96%)
Company Performance:
View Company Insights1D-4.96%
1M-39.50%
6M-40.43%
1Y-48.16%
5Y+152.37%
More news about Suncity Synthetics
24Mar 26
Suncity Synthetics Revises Board Meeting Outcome for Preferential Share Issue
Suncity Synthetics Limited has revised its board meeting outcome to correct typographical errors related to post-reduction share capital in its preferential issue disclosure. The board approved issuing up to 30,00,000 equity shares at Rs 10 per share, totaling Rs 3,00,00,000, to 12 proposed allottees including promoter Sumita Mishra who will receive 15,14,000 shares. The issue is subject to NCLT approval for capital reduction and member consent through an EGM scheduled for April 30, 2026.
20Mar 26
Suncity Synthetics Board Approves ₹3 Crore Preferential Issue of Shares
Suncity Synthetics Limited's board meeting on March 20, 2026, approved a preferential issue of 30 lakh equity shares at ₹10 per share, aggregating to ₹3 crores. The issue involves 12 allottees including Managing Director Sumita Mishra receiving the largest allocation of 15.14 lakh shares. An Extraordinary General Meeting is scheduled for April 30, 2026, to seek shareholder approval.
14Feb 26
Suncity Synthetics Limited Announces Q3 FY26 Financial Results Approval
Suncity Synthetics Limited held a board meeting on February 14, 2026, approving unaudited financial results for Q3 FY26 and nine months ended December 31, 2025. The one-hour meeting at the company's Mumbai registered office was conducted under SEBI regulatory compliance, with Managing Director Sumita Mishra overseeing the proceedings and digitally signing the regulatory filing.
05Aug 25
Suncity Synthetics Shareholders Approve 98% Capital Reduction to Write Off Accumulated Losses
Suncity Synthetics Limited's shareholders approved a capital reduction scheme at the 37th AGM. The plan reduces share capital by 98% to write off Rs 4.86 crore in accumulated losses. Paid-up capital will decrease from Rs 4.95 crore to Rs 9.89 lakh, with shareholders receiving 2 shares for every 100 held. The scheme passed with 87.32% votes in favor, despite opposition from public shareholders. The company aims to improve its financial position and ability to secure future financing. Implementation is subject to NCLT and regulatory approvals.
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