Suncity Synthetics Ltd

AGM details

• AGM held on 25-09-2026 at 03:00 PM IST via VC/OAVM.
• Remote e-voting facility provided to members.
• Record date for voting: 18-09-2026.

Key resolutions

• Resolution 1 (Ordinary): adopt audited financial statements and board/auditor reports.
• Resolution 2 (Ordinary): re-appoint Suresh Dhanraj Kawar Jain on rotation.

Voting results

• Resolution 1 passed: 99.56% in favour, 0.44% against.
• Resolution 2 passed: 93.95% in favour, 6.05% against.

Director changes

• Director Suresh Dhanraj Kawar Jain retires by rotation and is re-appointed.

Suncity Synthetics Limited — Trading window closed from 01 October 2026 until 48 hours after the announcement of the unaudited financial results for the quarter ended September 30, 2026

AGM Details

• AGM held at 3:00 PM IST via video conferencing.
• AGM concluded at 3:10 PM IST.
• Notice issued to shareholders.
• Remote e-voting window open prior to AGM.
• Quorum achieved; no physical attendance.

Key Resolutions

• Ordinary: adopt audited financial statements and related reports.
• Ordinary: reappoint director by rotation.

Voting Outcome

• All ordinary resolutions passed at the AGM.

Director Changes

• Director rotation reappointment approved.

AGM notice and investor communications

• Letter dispatched to members without registered emails with link to FY2025-26 Annual Report and AGM notice.
• AGM 38th scheduled for Sept 25, 2026 at 3:00 PM via VC/OAVM.
• Cut-off date for email registration is Sept 18, 2026.
• KYC update mandated under SEBI circular with forms ISR-1 to SH-14.
• Physical-folio holders must update PAN, contact, bank details, and nomination to receive payments electronically.
• Annual Report and notices available on the company website.
• RTA MUFG Intime India is involved; investor relations email provided.
• Encourages email registration to continue receiving information and supports green initiative.

Financial performance

• Revenue from operations ₹75.09 Lakhs, down 35.78% YoY.
• Other income ₹8.34 Lakhs, up from ₹1.15.
• Total expenses ₹118.84 Lakhs, down 28.59% YoY.
• Profit before tax ₹3.65 Lakhs, aided by ₹40.06 Lakhs exceptional item.
• Exceptional item ₹40.06 Lakhs gain recognized.
• Profit after tax ₹3.65 Lakhs.
• Earnings per share: Basic ₹0.08; Diluted ₹0.08.

Dividend and capital allocation

• Dividend: Board did not declare any dividend for FY2025-26.
• No transfer to reserves from profit or loss for the year.

Capital structure and shareholding

• Authorized share capital remains ₹7,00,00,000; 70,00,000 equity shares.
• Paid-up share capital ₹4,94,58,000 (4,945,800 shares).
• Promoter holding 45.46% (2,248,383 shares) as of 31-03-2026.

Governance and board

• Board of five directors: 2 Executive, 3 Non-Executive including Independent Woman Director.
• Directors: Sumita Mishra (MD); Suresh Kawarjain (Executive); Ramesh Mishra; Nitin Arvind Oza (Independent); Sanghamitra Sarangi (Independent).
• Key Managerial Personnel: Vidhi Bafna (Company Secretary & Compliance) and Suresh Kawarjain (CFO).
• Audit Committee: Chair Nitin Arvind Oza; Members Sanghamitra Sarangi, Sumita Mishra.
• Nomination & Remuneration Committee: Chair Nitin Arvind Oza; Members Sanghamitra Sarangi, Sumita Mishra.
• Stakeholders Relationship Committee: Chair Ramesh Mishra; Members Sanghamitra Sarangi, Nitin Arvind Oza.
• CSR Committee: Chair Sumita Mishra; Members Sanghamitra Sarangi, Nitin Arvind Oza.
• Independent Directors meeting held on 20 March 2026.

Audit, internal controls and compliance

• Statutory auditors: M/s S. Gandhi & Associates; unqualified report for FY2025-26.
• Secretarial auditor: Amarendra Mohapatra; Annexure I with no observations.
• Internal auditor: Mrs. Aakansha Vaid.
• Internal financial controls are adequate and operating effectively.

Related party transactions and risk

• There were no related party transactions during the year.
• Company has a risk management framework to identify and mitigate key risks.

AGM and other governance matters

• 38th AGM to be held on 25 Sep 2026 at 3:00 PM via VC/OAVM.
• Cut-off date for eligibility: 18 Sep 2026.
• Remote e-voting from 22 Sep 2026, 09:00 AM to 24 Sep 2026, 5:00 PM.
• Register of Members/Transfers closed 19–25 Sep 2026.
• Scrutinizer: CS Amarendra Mohapatra; results to be placed on company, BSE and CDSL websites.

Management discussion and outlook

• MD&A notes focus on strengthening core operations, improving revenue, and controlling costs.
• Management to pursue opportunities with caution and disciplined financial resource management.

Compliance and other disclosures

• CSR provisions not applicable; no CSR report annexed.
• Company complies with Secretarial standards SS-1 and SS-2.
• No material adverse regulatory orders affecting going concern.

Book closure details

• Book closure period: 19 September 2026 to 25 September 2026, both days inclusive.
• Purpose: for attendance and voting at the 38th AGM.
• Cut-off date: 18 September 2026 to determine voting eligibility.

AGM Details

• 38th AGM on 25 September 2026 at 3:00 PM IST via VC/OAVM.

E-voting and eligibility

• Remote e-voting from 22 Sept 2026 9:00 AM to 24 Sept 2026 5:00 PM.
• Cut-off date for voting 19 Sept 2026; members on that date eligible.

Capital-raise update

• Board approved withdrawal of the in-principle application for the proposed preferential issue of 3,000,000 equity shares.
• Delays in approvals and some allottees withdrawing led to proceeding in present form being halted.
• Board authorised withdrawal requests to BSE Limited and closing of the in-principle application.
• Company will file further disclosures with stock exchanges and regulators as required.
• Board meeting held on 14 August 2026, 4:00 PM to 6:00 PM.
• Managing Director Sumita Mishra authorised the withdrawal communications.
• Impact: no immediate funding; capital-raising plan to be revised.