Suncity Synthetics Ltd Revises BM Outcome, Announces Preferential Issue of Shares

Suncity Synthetics Ltd has revised the outcome of its Board Meeting held on 20th March 2026. The company has clarified a typographical error in the disclosure relating to the post-reduction share capital. The company has applied for reduction of share capital, which is pending before the NCLT. The proposed preferential issue of shares is not part of any earlier reduction of capital petition. The new share capital of the company will consist of 30,98,916 Equity shares of Rs. 10/- each after the preferential allotment of shares. The company will issue up to 30,00,000 Equity shares at a price of Rs. 10/- per equity share to various proposed allottees on a preferential basis, subject to the approval of the Members of the Company and applicable regulatory/ statutory authorities.