Suncity Synthetics Ltd — Important, 20-03-2026: Company Update

Suncity Synthetics' board has approved a preferential issue of 30 lakh equity shares at Rs 10 per share, aiming to raise Rs 3 crore. This capital injection is separate from an ongoing share capital reduction application. Upon successful allotment, the company's total share capital will increase to 31 lakh equity shares, equivalent to Rs 3.10 crore. The shares will be issued to a promoter and multiple non-promoters, subject to shareholder approval at an Extraordinary General Meeting.