Suncity Synthetics Withdraws Proposed Preferential Issue

Suncity Synthetics Ltd. announced the withdrawal of its proposed preferential issue of 30,00,000 equity shares. The decision was made by the Board of Directors due to delays in obtaining requisite approvals and the withdrawal of willingness from some proposed allottees. The company will formally request BSE Limited to close the in-principle application related to this preferential issue. The board meeting where this decision was taken commenced at 4:00 p.m. and concluded at 6:00 p.m. on August 14, 2026.