Suncity Synthetics Ltd — Important, 14-03-2026: Company Update

Suncity Synthetics Limited has announced a board meeting on March 20, 2026, to discuss significant fund-raising plans. The company's board will consider and approve a preferential issue of shares to meet fund requirements. Additionally, they will evaluate various methods to raise capital, including issuing equity shares, equity-linked instruments, convertible loans, or other securities like convertible preference shares and debentures. This could involve a private placement, Qualified Institutions Placement, rights issue, or further public offerings. This move aims to strengthen the company's financial position and support its operational needs.