Suncity Synthetics Ltd — Board Meeting, 21-06-2025: Board Meeting

Suncity Synthetics Limited has announced a board meeting approving a 98% reduction in paid-up capital to write off accumulated business losses, subject to shareholders’ approval at the upcoming Annual General Meeting (AGM). Post-reduction, share capital will be approximately Rs. 9.89 lakh comprising 98,916 equity shares. The Board approved the AGM notice to be held via video conferencing and decided on e-voting facility for shareholders. A practicing company secretary has been appointed as the scrutinizer for the voting process. The Board authorized key officials to complete necessary filings and actions for the capital reduction scheme.