Sunita Tools boosts capital with share expansion, preferential warrant issue

Sunita Tools Limited's board of directors has approved an increase in the authorized share capital from ₹700,000,000 to ₹800,000,000, pending shareholder approval. This capital expansion aims to strengthen the company's financial foundation.

In a related move, the company also approved the issuance of 873,282 warrants on a preferential basis. Each warrant is convertible into one fully paid-up equity share of ₹10, issued at a price of ₹800 per warrant, in accordance with SEBI regulations. A total of 18 non-promoter investors, including Anil Yadav (530,870 warrants) and Shruti Agrawal (90,000 warrants), will subscribe to these warrants.

The preferential issue is expected to significantly alter the shareholding pattern, increasing public shareholding from 37.25% to 44.88% post-allotment. The company also noted the acceptance of an unsecured loan aggregating ₹24.52 crore from directors Satish Pandey, Sanjay Pandey, and Ragini Pandey, dated November 4, 2025.