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Sumeet Industries informs about outcome of board meeting

10 Jun 2026 Evaluate
In furtherance to the meeting of the Board of Directors of the Company held on January 19, 2026 and March 17, 2026, pursuant to Regulation 30 and 42 of the SEBI (LODR) Regulations, 2015, and SEBI (ICDR) Regulations, 2018, Sumeet Industries has informed that the Board at its meeting held on Monday , June 08, 2026 at the Registered Office of the Company at 504, Trividh Chambers, 5th Floor, Opp. Fire Brigade Station, Ring Road, Surat - 395002, Gujarat through Video Conferencing , which commenced at 11.30 AM and concluded at 04.00 PM, has approved the following terms and conditions: Total No. of Equity Shares & Right Issue Size: 16,84,24,218 Nos. of Fully paid-up Equity Shares aggregating to Rs. 199,75,11,225 ( Rupees One hundred Ninety Nine Crores Seventy Five Lakh Eleven Thousand Two Hundred Twenty Five only); Right Issue Price: Rs. 11.86 (Rupee Eleven Point Eighty Six Only) per Equity Share at par having Face Value of Rs. 2 (Rupees two Only) per Equity Share; Rights Entitlement Ratio: 8 ( Eight ) Rights Equity Shares for every 25 (Twenty five ) Equity share held by the eligible shareholders as on the Record date; Record Date: Friday , June 12, 2026 for the purpose of determining the shareholders who shall be eligible to receive the Rights Entitlement in the Issue; Issue Opening Date: June 22, 2026; Last date for Market Renunciation: July 16, 2026 g) Issue Closing Date: July 20, 2026; Other Terms of Right Issue (including Zero & Fractional Entitlements): As included in the Letter of Offer to be filed by the Company with BSE.

The above information is a part of company’s filings submitted to BSE.

Sumeet Inds Share Price

27.46 0.30 (1.10%)
10-Jun-2026 16:59 View Price Chart
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