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Sunday PropTech Plans 3:1 Bonus Issue, ₹200 Crore Private Placement, and Capital Hike
Notice for an Extraordinary General Meeting (EGM) of Sunday Proptech Limited.
The meeting will be held virtually on April 6, 2026.
Purpose: To seek shareholder approval for key corporate actions.
Main decisions/proposals in the EGM
1) Increase in Authorised Share Capital
- Increase from ₹200 Cr → ₹300 Cr.
- Number of shares increases from 200 Cr → 300 Cr shares (₹1 each).
- Reason: To support bonus issue + fundraising plans.
2) Bonus Share Issue
- Ratio: 3:1 (3 bonus shares for every 1 share held).
- Record date: April 17, 2026.
- Funded from reserves / securities premium.
- Purpose: Reward existing shareholders.
3) Fundraising via Private Placement
- Plan to raise up to ₹200 Cr.
- Issue up to 8.69 crore shares at ₹23/share.
- Investors: Selected individuals / corporates.
- Use of funds: General corporate & business expansion.
- No major change in control expected.
4) Change in Articles of Association (AOA)
- Replace existing AOA with a new set of rules.
- Reason: To align with a Shareholders’ Agreement (Oct 2025).
Other Key Information
- EGM conducted via video conferencing (no physical meeting).
- Voting through e-voting (CDSL platform).
- Cut-off date for voting: March 30, 2026.
- Remote voting: April 3–5, 2026.
- Scrutinizer appointed to ensure fair voting process.
Overall takeaway
The company is:
- Expanding capital base
- Rewarding shareholders (bonus)
- Raising fresh funds (~₹200 Cr)
- Updating governance structure (AOA)
In short: This is a strategic capital restructuring + fundraising move ahead of growth/expansion.
Source: EGM Notice
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