Suncity Synthetics Ltd — Others, 05-08-2025: Others

Suncity Synthetics Limited has announced its annual financial results, reporting a loss of 0.56 crore for FY 2024-25, contrasting with a profit of 0.13 crore last year. To tackle significant accumulated losses of 4.86 crore, the company proposes a drastic 98% capital reduction. The paid-up share capital of 4.95 crore will decrease to 0.0989 crore. This involves shareholders receiving 2 new shares for every 100 shares held. This move is designed to clean up the balance sheet, boost fundraising efforts, and better reflect actual asset value, without affecting existing shareholding percentages or requiring creditor payouts.