Suncity Synthetics

Suncity Synthetics Limited is a company that manufactures products for both the domestic market and for potential export opportunities. The company's primary strategic goal is to explore its policy of expansion, which is dependent on the availability of resources and market chances. Recently, the company has undergone a complete change in its management and also shifted its registered office from Gujarat to Maharashtra. Due to unfavorable market conditions, the company incurred losses that have completely eroded its issued, paid-up, and subscribed capital. To address this, the board proposes to reduce the company's share capital by ninety-eight percent to improve its financial health. This financial restructuring aims to more accurately reflect the company's financial state, facilitating efforts to raise funds for future growth.;