Sumeet Industries Limited held a board meeting on June 08, 2026 at its registered office in Surat, Gujarat through video conferencing. The meeting commenced at 11:30 AM and concluded at 4:00 PM.
The board approved a rights issue with the following specific terms and conditions:
- Total Issue Size: 16,84,24,218 fully paid-up equity shares aggregating to ₹199,75,11,225 (Rupees One Hundred Ninety Nine Crores Seventy Five Lakh Eleven Thousand Two Hundred Twenty Five only)
- Issue Price: ₹11.86 per equity share (at par with face value of ₹2 per equity share)
- Rights Entitlement Ratio: 8 rights equity shares for every 25 equity shares held by eligible shareholders
- Record Date: Friday, June 12, 2026 for determining eligible shareholders
- Issue Opening Date: June 22, 2026
- Last Date for Market Renunciation: July 16, 2026
- Issue Closing Date: July 20, 2026
- Other Terms: As included in the Letter of Offer to be filed with BSE Limited
The company has made necessary arrangements with NSDL and CDSL for credit of Rights Entitlements in dematerialized form to eligible equity shareholders as on the record date. The International Securities Identification Number (ISIN) for this purpose is INE235C20010.
The Rights Entitlement of eligible equity shareholders will be credited prior to the issue opening date in their respective demat accounts under the specified ISIN.
The board also approved the 'Letter of Offer' to be filed with BSE & NSE along with the Rights Entitlement Letter and Application Form. BSE Limited has been designated as the stock exchange for this Rights Issue.