Suncity Synthetics Ltd — Updates, 21-06-2025: Company Update

Suncity Synthetics Limited has announced a board meeting to approve a capital reduction scheme aimed at writing off accumulated losses amounting to 98% of the paid-up share capital. After the reduction, the paid-up capital will be approximately Rs. 9.89 lakh, represented by 98,916 equity shares. The company has finalized the notice for its 37th Annual General Meeting to seek shareholder approval for this scheme, along with providing e-voting facilities. The board has also appointed a scrutinizer to oversee the voting process. This move is significant for cleaning the balance sheet and potentially improving future financial flexibility.