Suncity Synthetics Ltd — Important, 23-03-2026: Company Update

Suncity Synthetics corrected a previous disclosure error regarding its post-capital reduction share structure. The Board approved a preferential issue of 30 lakh equity shares at ₹10 each, raising ₹3.00 Cr. This new share issuance is distinct from an ongoing capital reduction application awaiting NCLT approval. Upon completion of this preferential issue, the company's total equity capital will be ₹3.09 Cr. Shareholders will vote on this proposal at an upcoming Extraordinary General Meeting. This capital raise impacts the company's equity base.