In continuation of intimation to the Stock Exchange(s) on dated 29th July, 2026, Sumeet Industries has informed that the Board of Directors of the Company has considered and approved in their meeting held today i.e., on 19th September,2026 made allotment of Equity Shares on Preferential Basis upon Conversion of Optionally Convertible Redeemable Preference Share (OCRPs), to the Non-Promoters as follows: Approved the allotment of 84,31,195 Equity Shares of face value of Rs 2 to the Proposed allottees in non-promoter category, by conversion of Optionally Convertible Redeemable Preference Share (OCRPs) on a Preferential Basis in accordance with the Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended (SEBI ICDR Regulations), and other applicable laws, at the conversion price of Rs 33.21 (including a premium of Rs 31.21) per Equity Share aggregating up to Rs 28.00 Crores on non-consideration basis. Disclosure with respect to the Preferential Issue under Regulation 30 of SEBI Listing Regulations read with SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is enclosed as Annexure to this letter. The Board Meeting commenced at 11.30 AM and concluded at 12.00 PM.
The above information is a part of company’s filings submitted to BSE.
